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U.S. markets news

Salesforce Cloud Prowess, High Cost Pose Dilemma for Microsoft
By Dina Bass. (Bloomberg) �- As Microsoft Corp. mulls whether to launch a bid for Inc., it will have to weigh the benefits of a big expansion in cloud computing against the drawbacks of a high price and a costly, time-consuming integration.
Microsoft reported to weigh bid  USA TODAY
4 trades on tech, entertainment movers  CNBC
San Jose Mercury News  
Herbalife discloses Justice Department probe
Nutritional drink company Herbalife on Tuesday said the Department of Justice has requested information about its members and its business practices -- marking the first time the company has said its members are being looked at by the enforcement arm of ...
UPDATE 1-Herbalife raises profit forecast as China sales jump, shares soar  Reuters
Herbalife posts profit of $78.2 million in first quarter; boosts outlook ...  Fox News
Los Angeles sues Wells Fargo, alleging fraud by employees
LOS ANGELES - Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles.
Los Angeles sues Wells Fargo over opening extra accounts to hike sales quotas  LA Daily News
Business Highlights  ABC News
Here's what to expect from Tesla's first-quarter earnings (TSLA)
On Wednesday, Tesla will report first-quarter earnings after the markets' close. We'll cover the news and also CEO Elon Musk's conference call with analysts after the earnings post.
Batteries to the rescue  The Durango Herald
Here's what to expect from Tesla's first-quarter earnings  Business Insider
Oil Gains After API Data Show Fall In U.S. Crude Supply
Oil futures rose in electronic trading late Tuesday after the American Petroleum Institute reported that crude supplies fell 1.5 million barrels for the week ended May 1, according to sources.
UPDATE 13-Oil hits 2015 highs as Saudis raise prices, Libya output slows  Reuters
Oil ends above $60 for first time in nearly 5 months  MarketWatch
Now, Spotlight Turns to AT&T-DirecTV Deal
Just three months after Comcast announced its $45 billion takeover of Time Warner Cable last year, its rival AT&T announced a $48 billion takeover of DirecTV.
Netflix, Cogent urge feds to monitor DirecTV deal  Salt Lake Tribune
Netflix urges revisions to AT&T-DirecTV deal  Los Angeles Times
Market U-Turn Rams Hedge Funds
A broad market reversal is battering hedge funds, spoiling the industry's strongest annual start since the financial crisis. Many funds that bet on global financial and economic trends run by firms such as Fortress Investment Group FIG -2.58 % LLC and ...
Cliff Asness Not Happy With NYT Coverage Of Top Hedge Fund Earners  ValueWalk
In a down year, hedge fund CEOs did just fine  CBS News
Gains Across the Disney Empire Lift Earnings 10%
LOS ANGELES - It was supposed to be a rare quarter of weakness for Disney, with analysts fretting about higher programming costs at ESPN and a comedown from last year's �Frozen�-fueled highs.
Disney sees strong quarterly earnings, expects big year thanks to new ' ...  New York Daily News
'Frozen' drives profits as Disney beats estimates  Irish Examiner
Foxtel ready to fight Netflix and other video services, says News boss
News Corp chief executive Robert Thomson has shrugged off the threat that US streaming giant Netflix and other video streaming operators pose to his company's half-owned pay TV monopoly Foxtel.
Murdoch's News Corp. Trails Estimates as Ad Sales Drop  Bloomberg
Newspaper weakness pulls down News Corp's earnings  Economic Times
Nevada gives Daimler nod for open road tests of self-driving truck
LAS VEGAS May 5 (Reuters) - Nevada has given Daimler AG , the world's biggest truck maker, the go-ahead to test its self-driving heavy freight truck for the first time on the open road in ordinary traffic, the two sides announced on Tuesday.
Nevada approves autonomous Daimler trucks  Financial Times
Freightliner Gets First License for Autonomous-Driving Truck (with video)  Transport Topics Online