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U.S. markets news

UPDATE 3-US sets duties on South Korean steel pipe in about-face
(Adds comment on ITC decision). By Krista Hughes. WASHINGTON, July 11 (Reuters) - The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious ...
US Gov't Sets Duties on Steel Pipe From Korea  ABC News
Dayton hails US gov't duties on foreign steel pipe  MiamiHerald.com
American Metal Market   Related articles »  
Wall St. edges up; indexes post losses for week
NEW YORK (Reuters) - Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.
S&P 500 Has Worst Week Since April on Europe, Valuations  Businessweek
S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX Venture ...  Wall Street Journal
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Reynolds and Lorillard to reshape Big Tobacco with merger
Reynolds American and Lorillard confirmed on Friday that they were working on a merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn.
How Disruptive Technology Is Spurring Tobacco Merger Talks  New York Times
Reynolds, Lorillard Merger Would Make for a Good Match  Barron's
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After a Wild Ride, a Penny Stock, Cynk, Runs Into a Trading Halt
To any rational investor, the stock of Cynk Technology looked like a loser. The company had no assets and no revenue. Regulatory filings listed a succession of chief executives and no other employees.
Cynk Tech shares halted on concern over possible manipulation  Reuters
Cynk Suspended by SEC After No-Member Network's Surge  Businessweek
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Espirito Santo turmoil rocks confidence in Europe's banking recovery
The Espirito Santo saga is giving believers in the end of the euro-zone crisis cause for pause. Although a return to the panic days of the crisis may be unlikely, the case, involving the inability of a parent company of a bank in Portugal to make some short-term ...
Suspension of Portuguese bank's shares shakes the markets  Kansas City Star
Markets tumble amid fears for Portugal's largest bank  The Times (subscription)
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GM Hires Infiniti Chief de Nysschen to Head Cadillac
When the 54-year-old executive joins GM as an executive vice president in August, he will bring to Cadillac a respected record for rebuilding brands in the luxury-auto segment.
GM's Cadillac at a crossroads - again  Chicago Tribune
General Motors Poaches Infiniti Chief De Nysschen To Revamp Cadillac  Forbes
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Amazon: Send In The Drones (And The Lobbyists)
This undated image provided by Amazon.com shows the so-called Prime Air unmanned aircraft project that Amazon is working on in its research and development labs.
FAA Intimidates Coldwell Banker And Other Realtors Into Shunning Drone ...  Forbes
Amazon drone deliveries expected to be reality in 2015  WEAR
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Lyft's NYC launch of ride-sharing service hits roadblock
NEW YORK (Reuters) - Ride-sharing service Lyft Inc faces a roadblock in launching its car service in New York City after authorities on Friday sought to prevent it from operating in the state.
NY attorney general sues to stop ride-sharing Lyft  Wall Street Journal
Ride-sharing Lyft blocked from New York City  Chron.com
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Argentina Mediator Meets With Government Officials, Elliott
Representatives for Argentina and holders of the nation's defaulted bonds from 2001 met today in New York with court-appointed mediator Daniel Pollack, who said no resolution was reached.
No Resolution in Argentina Bond Dispute  Wall Street Journal
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Rate Debate Heats Up Among Fed Officials
A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S.
Rising bond yields point to rate rises  Financial Times
The Week Ahead: The clock is ticking on zero interest  Sacramento Bee
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