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U.S. markets news

Apple: You can have taxes or you can have jobs but you can't have both
Apple's official statement on the EU ruling against its Irish tax arrangements tells you all you need to know about what is at stake: You can have taxes, or you can have jobs, but Apple is in no mood to deliver both.
Tim Cook responds to $14.5B Irish tax bill with open letter, says decision ...  AppleInsider (press release) (blog)
Apple Ordered by EU to Repay $14.5 Billion in Irish Tax Breaks  Wall Street Journal
Bloomberg  
Dollar firm near two-week high, investors seek more guidance on rates
U.S. dollar notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha. By Anirban Nag | LONDON.
A Call to Keep The Fed's Balance Sheet Big Tops This Week's Economic ...  Bloomberg
Dollar Strengthens, Global Stocks Gain  Wall Street Journal
United Completes Leadership Revamp With a Surprise Pick
The departure 11 months ago of former United Continental Holdings Inc. Chief Executive Officer Jeff Smisek revealed a significant weakness in the carrier's corporate suite: Its bench had become exceedingly sparse.
United Continental Hires Scott Kirby as President, Stock Up  Zacks.com
American's No. 2 executive departs for United Airlines  Charlotte Observer
Early movers: AAPL, AAL, UAL, HSY, MDLZ, ANF, DSW, GIII & more
Apple - The European Commission has ordered the Irish government to recover up to 13 billion euros ($14.5 billion) and interest in back taxes from the iPhone maker.
Mondelez Abandons Pursuit of Chocolate Maker Hershey  Newsmax
What's Mondelez's Next Move After Failed Fling With Hershey?  TheStreet.com
Ritchie Bros. Auctioneers (RBA) to Acquire IronPlanet in $758.5M Deal
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here. Ritchie Bros. Auctioneers Incorporated, the world's largest industrial auctioneer and a leading equipment distributor (NYSE: RBA), and IronPlanet, a leading ...
E-commerce Site IronPlanet Is Sold For $758 Million  Fortune
Caterpillar (CAT) Inks Strategic Alliance with Ritchie Bros.  Zacks.com
Abercrombie Shares Fall After Tourism Decline Weighs on Results
Abercrombie & Fitch Co. fell as much as 14 percent in early trading after second-quarter results trailed analysts' estimates, hurt by declining sales at its larger flagship locations.
Abercrombie & Fitch Reports Drop in Quarterly Sales  Wall Street Journal
Abercrombie & Fitch no longer expects results to improve this year  Reuters
Why Amazon is trying out a 30-hour work week – with benefits
Amazon, the online retailer, is launching a pilot program that would consist entirely of workers working for 10 hours less than full time, but with full benefits.
Amazon pilots 30-hour work week  SFGate
Amazon tests 30-hour week for some teams of employees  The Seattle Times
Iowa at center of debate over 'shadow insurance' deals
This undated photo provided by Jeffrey Belth shows Joseph M. Belth, a professor emeritus of insurance at Indiana University. Belth has been an outspoken critic of the practice of "shadow insurance," in which life insurers create subsidiaries to take on ...
Iowa news in brief  Dubuque Telegraph Herald
Wellmark, other insurers see earnings dips in spite of increasing premium costs  Business Record
Stocks jump as Dow, S&P 500 breaks 3-day losing streak
U.S. stocks closed higher Monday and the Dow broke a 3-day losing streak even as investors continue to calculate the odds of a Federal Reserve interest-rate hike later this year.
Deflate This: Dow Gains 107 Points as Inflation Data Ease Fed Concerns  Barron's (blog)
Close Update: US Stocks Higher as Financials Gain on Rate Hike Speculation  Nasdaq
In bid against corruption, Greece to ax TV licenses
ATHENS, Greece - Greece's left-wing government launched an auction Tuesday for four private national television licenses, reducing the number from seven after a heated public debate on corruption in the financially troubled country.
Greece launches auction for TV licenses, defies media protests  Reuters
Greece launches private TV tender amid controversy  Yahoo News