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U.S. markets news

Euro Weakens for 3rd Day as Spanish Bonds, Chinese Shares Slide
The euro weakened for a third day and Greek stocks dropped as talks between European policy makers continued on how to rescue Greece's finances.
Bail-out uncertainty plunges Greek economy back into turmoil  Telegraph.co.uk
EU raises eurozone forecast despite bleaker Greek outlook  U-T San Diego
New York Times  
Dollar Strengthens After Euro's Recent Rally
The dollar rose against the euro, as investors took profits on recent gains in the single currency ahead of major U.S. economic data due at the end of the week.
As the Euro Slides, a Coin Meets Its Waterloo  New York Times
Strong Dollar Means Europe Savings  Memphis Daily News
Citadel's Griffin ranks as 2014's best paid US hedge fund manager
BOSTON May 5 (Reuters) - The three best paid U.S. hedge fund managers in 2014 each took home more than $1 billion, eye-popping compensation that only looks lean when compared to previous years, according to an industry survey released on Tuesday.
The richest hedge fund manager is...  CNBC
LI's James Simons earns $1.2B from his hedge fund: Alpha  Newsday
UPDATE 1-Fed's Evans: rate hikes could start sooner, if kept slow
... * Evans says prefers early 2016 start to rate hikes. * Earlier start, if path is shallow, could still support economy. * Rate hike on table in June, decision will depend on data (Adds comments, background).
Inflation Expectations Tick Up  Wall Street Journal
Noting slower economy, Fed appears no closer to a rate hike  Waterbury Republican American
RPT-UPDATE 2-Australia's RBA cuts rates, markets wonder if that's all
(Repeats to add PICTURE to slug). By Wayne Cole. SYDNEY May 5 (Reuters) - Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful ...
Australia Joins Asia's Easy Money Stampede  Barron's
Is Australia's Central Bank Done Cutting Interest Rates?  Wall Street Journal
Jefferies Starts Tesla Motors (TSLA) at Buy, $350 Price Target; China Concerns ...
Jefferies initiates coverage on Tesla Motors (NASDAQ: TSLA) with a Buy rating and a price target of $350.00 after a survey suggested 500K cars ex-China and 60% 5-year EBITDA CAGR.
Tesla Motors Coverage Initiated by Analysts at Jefferies Group (TSLA)  Dakota Financial News
Dan Wallach: 2015 Electric Power Usage Update  Chron.com (blog)
HSBC Profit Up Slightly on Market Uptick in First Quarter
LONDON - The British bank HSBC said that its profit rose slightly in the first quarter as it benefited from increased market activity, particularly after a �difficult� fourth quarter.
HSBC Profit Beats Estimates as Bad Loans Fall  Bloomberg
UPDATE 1-HSBC pretax up 4 percent as investment bank bounce back  Reuters
Will drought stifle California's love affair with pools?
California's massive swimming pool industry faces a dilemma as the state heads into its summer season and a fourth year of historic drought conditions.
Teens Say California Drought Makes Tap Water Taste Funky  New Hampshire Public Radio
NASA's New 10-Engine Drone Is Half Chopper, Half Plane
Planes and helicopters have their strengths and weaknesses. Planes are fast and can carry a lot of stuff a long way, while helicopters are slow but they don't need enormous runways and they're extremely maneuverable.
Experimental electric aircraft with 10 engines takes off like a helicopter ...  mirror.co.uk
Nasa completes test flight of battery-powered aircraft  Aerospace Technology
Jim Cramer's Top Takeaways: Dow Chemical, Isis Pharmaceuticals, Wells Fargo
NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Dow Chemical to trim about 3 percent of global workforce  Washington Times
Dow to cut 3% of workforce  Lowell Sun