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U.S. markets news

Herbalife in advanced talks to settle FTC probe, issues remain
Herbalife Ltd, which has been accused by billionaire investor William Ackman of being a fraud, said it was in advanced talks with the U.S.
Herbalife Soars After Saying It's Close to FTC Resolution  Bloomberg
Herbalife jumps as first-quarter results beat Wall Street's expectations  MarketWatch
Wall Street Journal  
Trump says he would likely replace Yellen once her term ends
WASHINGTON - Donald Trump said Thursday he has nothing against Janet Yellen but would likely replace her as Fed chair once her term is up.
Trump: "Let's be honest, I'm a low-interest-rate person" ...  ForexLive
Trump says he likely wouldn't keep Yellen in Fed post  Houston Chronicle
Mortgage rates retreat following weak economic data
After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
Mortgage Round-Up: Rates Slip Near 2016 Lows, Applications Drop  The MReport
Average US rate on 30-year mortgages falls to 3.61 percent  Albuquerque Journal
Discovery First-Quarter Earnings Rise, U.S. Ad Revenue Grows 7 Percent
Discovery Communications, the company behind such cable networks as Discovery Channel, TLC and OWN, on Thursday reported better-than-expected first-quarter earnings that were helped by stronger U.S.
Discovery Communications Raises Guidance as Earnings Top Views  Wall Street Journal
Huge Staff Cuts in the Works at Discovery  Television Week
GM and Ford lean on Lyft and Pivotal for help in developing self-driving cars
Two miles apart in Palo Alto, workers from Ford Motor Co. and General Motors Co. are hustling to establish a role for their companies in a future where consumers don't own cars and the vehicles steer themselves.
Why Ford And Microsoft Are Betting On Pivotal Software At A $2.8 Billion ...  Forbes
Microsoft joins in $253 million investment in SF cloud company  The Seattle Times
Smoke prompts closure of DC Metro stations
WASHINGTON D.C. -- Washington D.C. subway officials suspended service on a section of track shared by three lines after smoke appeared in a station, CBS affiliate WUSA reported.
Blue, Orange, Silver service to remain suspended from Eastern Market to ...  Washington Post
Politics|DC Subway Halts Service on Piece of 3 Lines Because of Smoke  New York Times
SunPower loss bigger than expected as power plant business weighs
SunPower Corp (SPWR.O), the No. 2 U.S. solar panel maker, reported a bigger-than-expected quarterly loss, largely due to a drop in revenue in its power plant business.
SunPower Reports First Quarter 2016 Results  PR Newswire (press release)
SunPower posts first-quarter loss  MarketWatch
Wall Street opens higher as rising oil boosts energy stocks
FILE PHOTO: Specialist James Sciulli, foreground, works at his post on the floor of the New York Stock Exchange, Wednesday, May 4, 2016.
Wall Street slips as consumer stocks, oil drag  StreetInsider.com
Oil prices rise  Market Intelligence Center
Can Gogo make you hate its in-flight wifi less?
When airlines first announced they could offer wireless internet, in the sky, it was a technological miracle. Sending emails and browsing the web at 36,000 feet was a novelty, something to brag about on social media.
Get ready for in-flight wifi that doesn't suck  Quartz
Gogo Partners with IAG for In-flight Connectivity  PR Newswire (press release)
Fitch Ratings downgrades Brazil further into junk
SAO PAULO Fitch Ratings downgraded Brazil's sovereign debt further into junk territory on Thursday, citing a deeper-than-expected economic contraction and changing fiscal targets that have undermined credibility.
Fitch Downgrades Brazil to 'BB'; Outlook Negative  Business Wire (press release)
Fitch Downgrades Brazil  Wall Street Journal