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U.S. markets news

Bankrupt Crumbs might be saved
Crumbs Bake Shop has a deal, which if approved by a bankruptcy judge, could reopen the cupcake maker, according to a court filing on Friday.
CNBC star Marcus Lemonis will buy Crumbs cupcake chain  New York Daily News
Crumbs cupcake shops may be resurrected by local investor  Chicago Tribune
Reuters   Related articles »  
General Motors Employs A Former Nissan Infiniti Head, Johan de Nysschen, To ...
A Cadillac logo is pictured at the Jacob K. Javits Convention Center during the New York International Auto Show in New York on April 16.
Can Infiniti Chief Johan de Nysschen Change Fortunes at Cadillac  Uncover California
Seeking Revival, Cadillac Goes Outside for a Chief  New York Times
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3 reasons to get help during the financial aid process
In theory, you can do the student financial aid process alone. You can search for scholarships alone, go straight to the student loan documents to track down pertinent information, write scholarship essays without any guidance, fill out the FAFSA, sort through ...
Federal student loan process face potential simplification  Red and Black
House Starts In On HEA  Inside Higher Ed
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Rising bond yields point to rate rises
Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%  Wall Street Journal (blog)
Fed Considers Ending Stimulus Program  DSNews.com
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Amazon asks FAA for permission to test its delivery drones
Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
Amazon Seeks FAA Permission for Deliveries via Drones  Uncover California
Amazon seeks US nod to test-fly delivery drones  Business Standard
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Global stock indexes up slightly as Portugal fears ebb; oil down sharply
NEW YORK (Reuters) - Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
GLOBAL MARKETS-Stock indexes up slightly as Portugal fears ebb; oil down ...  Reuters Africa
GLOBAL MARKETS-Asia muted, hopes European stocks stabilise  Reuters
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U.S. Stocks stabilize amid fears of another European debt crisis
NEW YORK - U.S. stocks stabilized on Friday and ended with a small gain, but it wasn't enough to prevent the market's biggest weekly drop since April.
Stocks on track for weekly loss  Greensburg Daily News
US stocks end week lower as market eyes earnings  Zee News
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SEC halts trade in Cynk over possible stock manipulation
US regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.
Mystery Company Has No Money But Is Valued At $4.5B  WIBW
Cynk Technology's Valuation Defied Gravity Without Revenue, Rousing SEC  Wall Street Journal
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Rate Debate Heats Up Among Fed Officials
Federal Reserve Chairwoman Janet Yellen will testify to Congress on Tuesday and Wednesday. Getty Images. A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than ...
Stronger Economy (More Than Federal Policy) Will Spur Business Loans ...  Forbes
Fed fears risks posed by exit tools; plan almost done  Business Standard
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Stocks little changed
Continue reading below. Stocks rose, paring the S&P 500's biggest weekly loss since April, as investors geared up to assess corporate earnings, though Wells Fargo slipped after its earnings failed to rise for the first time in 18 quarters.
Wells Fargo profit increases 3.8% as home lending regains traction  Los Angeles Times
Wells Fargo Profit Rises Despite Drop in Revenue  New York Times
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