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U.S. markets news

Reynolds in Talks to Acquire Lorillard in Merger of Tobacco Rivals
Photo. Reynolds American is the parent company of R.J. Reynolds, the maker of Pall Mall and Camel cigarettes.Credit Keith Srakocic/Associated Press.
UPDATE 4-US cigarette maker Reynolds in talks to buy rival Lorillard  Reuters
UK Stocks Gain as Imperial Tobacco Rises on Deal Talks  Businessweek
Economic Times   Related articles »  
Regulators halt trading in curious $4B stock
A little known company that turned into a strange sensation on Wall Street winning a value of $4 billion over the last few weeks saw its shares get halted Friday.
Cynk's Frenetic Trading: An Important Lesson  Wall Street Journal
Cynk Tech shares halted on concern over possible manipulation  Chicago Tribune
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GLOBAL MARKETS-Stock indexes flat as Portugal fears ease; oil down sharply
(Adds details, updates prices). By Caroline Valetkevitch. NEW YORK, July 11 (Reuters) - Major global equities markets steadied and the yen stabilized against the U.S.
Asia muted, hopes European stocks stabilise  Economic Times
Topix Falls Fifth Day After Yen Gains on Portugal Concern  Businessweek
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GM Hires Infiniti Chief de Nysschen to Head Cadillac
Mr. de Nysschen, 54 years old, will start at GM Sept. 1 and bring to Cadillac a respected record for rebuilding brands in the luxury auto segment.
More Cadillac churn: Infiniti exec named new chief  USA TODAY
GM Names Infiniti CEO De Nysschen President of Cadillac  Bloomberg
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Amazon Asks FAA for Permission to Fly Drones
Amazon is officially asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
Six Things You Should Know About Amazon's Drones  Forbes
Amazon wants to test delivery drones outdoors  Los Angeles Times
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Wall St. flat, but Internet names support Nasdaq
NEW YORK (Reuters) - U.S. stocks were little changed on Friday, with indexes on track for their biggest weekly drop in months, as an early ream of corporate earnings wasn't enough to entice buyers even after a string of market losses.
Stocks edge lower, on track for weekly loss Press
The truth about Dow 17000  MarketWatch
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Uber Competitor Lyft Sued by New York to Halt Operations
Uber Technologies Inc. car-sharing service competitor Lyft Inc., which said it planned to begin operations today in New York City, was sued by New York officials who claim it's flouting licensing laws.
NYC Taxi Commission Warns Lyft Drivers to Stay Off the Road  PC Magazine
NY attorney general sues to stop Lyft  SFGate
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Wells Fargo profit rises 3.8% as home lending regains some traction
Wells Fargo posted a 3.8% increase in profit for the second quarter, with stronger than expected results in mortgage lending. Wells Fargo posted a 3.8% increase in profit for the second quarter, with stronger than expected results in mortgage lending.
Wells Fargo shows mortgage market strains  Financial Times
Wells Fargo Profit Edges up 3 Percent in Quarter  ABC News
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Amazon Not Doing Enough To Prevent Kids From Making In-App Purchases On ...
NEW YORK (AP) - The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint filed Thursday in federal court.
Amazon Should Take Cue From Apple In Dispute Over In-App Charges  MediaPost Communications
FTC Sues Amazon Over App Charges Made by Kids  Fox Business
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USDA Forecasts Record Soybean Production This Year
WASHINGTONï¿œU.S. soybean production is forecast to hit a record this year, with farmers expected to plant more crops than ever and yields expected to rise from year-ago levels, the Department of Agriculture said in a closely watched report on Friday.
Soybeans Head for Longest Slump Since 1973 on Bigger Supplies  Businessweek
USDA lowers corn harvest estimate, raises soybeans
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