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UPDATE 3-Ex-Barclays director accused by US of illegal tips to plumber
(Adds details of case). By Nate Raymond. NEW YORK May 31 A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers he learned about at the bank to a plumber, who used the ...
Barclays Director Accused of Trading Tips for New Bathroom  Bloomberg
Barclays Director Accused of Giving Insider Tips to a Plumber to Remodel His ...  Fortune
Washington Post  
Trump Makes Sense on Energy
Political markets are weird: They cry out for something and yet politicians, with their enslavement to conventional wisdom and careerist caution, are unwilling to supply it.
Trump is wrong on the Paris climate agreement. I know because I negotiated it.  Washington Post
Trump: Obama's Unnecessary Oil, Gas, Coal Regulations Will Go  E&P
Stocks end mixed; utilities rise and big oil companies fall
U .S. stock indexes struggled to a mixed close Tuesday as energy companies fell with the price of oil, overcoming gains in utilities and phone companies.
US regulated power firm Great Plains to buy Westar for $8.6 billion  Reuters
Great Plains Energy's Plan to Buy Westar Worries Investors  New York Times
US consumer spending increase strongest in over six years
WASHINGTON U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise ...
Consumers Spend Even as Confidence Ebbs: U.S. Economic Takeaways  Bloomberg
US Consumer Spending Climbed at Fastest Pace in Nearly Seven Years  Wall Street Journal
US stocks slip, S&P 500 trims third consecutive monthly gain
U.S. stocks slipped, with the S&P 500 paring a third straight monthly gain, as stronger spending data buttressed the case for higher interest rates as early as this summer.
How the Dow Jones industrial average fared on Tuesday  Appeal-Democrat
What Do May Flowers Bring? Dow Ends Month Higher—Barely—While Nasdaq Surges  Barron's (blog)
Valeant's Former CEO Will Stay on as an $83000-a-Month Consultant
And collect a $9 million severance. Michael Pearson may have gotten sacked from Valeant Pharmaceuticals VRX 0.35% earlier this year, but he will still collect a paycheck.
Valeant's Former CEO to Receive $9 Million Severance  New York Times
Ex-Valeant CEO Gets Consulting Gig With Drugmaker  TheStreet.com
Icahn is Not the Ackman of Allergan
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
Tweets on the Street: Icahn Bets on Botox, SodaStream Makes Home-Brewing Easier  TheStreet.com
Carl Icahn Takes Stake in Allergan  New York Times
SoftBank Plans Sale of Up to $7.9B of Alibaba (BABA) Shares as Part of Capital ...
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. (Updated - May 31, 2016 5:04 PM EDT).
SoftBank to Sell $7.9 Billion of Alibaba Stock  Wall Street Journal
Softbank to sell $7.9 billion of Alibaba shares  Reuters
Seattle area home prices set new record; 2nd-fastest rising in nation
Seattle area single-family home prices in March were up 10.8 percent from a year ago, behind only Portland, where prices have shot up 12.3 percent, according to the latest S&P/Case-Shiller data.
San Diego County home prices up 6.2%  The San Diego Union-Tribune
US home prices rise in March as spring buying season begins  Morganton News Herald
Instagram Makes E-Commerce Push With New Tools For Businesses
Instagram has taken new steps to bolster its position as a major mobile advertising player. On Tuesday, the Facebook FB -0.41%-owned photo-and-video sharing service unveiled new features to make it easier for businesses to analyze and run ad campaigns ...
Instagram officially announces its new business tools  TechCrunch
Instagram Is Now Giving Small Businesses a Dashboard Full of Data About ...  Adweek