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U.S. markets news

Economy shrinks in first quarter for second straight year
WASHINGTON - The economy shrank in the first quarter for the second straight year, and some of the problems could linger into the summer, demonstrating the continuing weakness of the recovery from the Great Recession.
Economy shrank in winter but staging a spring rebound  Daytona Beach News-Journal
U.S. economy contracts in Q1; dollar hurts corporate profits  Daily Mail
Daily News & Analysis  
American Express President Ed Gilligan passes away
American Express Co said President Ed Gilligan passed away on Friday morning. He was 55. Gilligan, a 35-year veteran at AmEx, was named president in 2013, Chief Executive Kenneth Chenault said in a letter to employees and contractors.
American Express president Edward Gilligan dies on plane  The Australian
American Express president, 55, dies after falling ill on flight  Chicago Tribune
John Malone goes back to being 'King of Cable'
A Charter Communications van. The bid for Time Warner Cable would catapult Charter from the fourth-largest cable company to the No 2 slot behind Comcast.
Want a Big Cable Merger? Good Luck Charter!  Techzone360
Top 10 News for 5/26 - 5/29: Charter, Time Warner Cable Formally Enter Deal ...  StreetInsider.com
Wall St. ends down after weak economic data but gains in May
U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes still posted gains for the month.
US Stocks Close Lower  Wall Street Journal
Intel close to deal to buy Altera for $16 billion: sources
Intel Corp (INTC.O) has resumed negotiations to purchase smaller chip maker Altera Corp (ALTR.O) and is near a $16 billion acquisition settlement, individuals conversant in the matter stated on Friday.
Intel Takeover of Altera Is Expected  New York Times
Intel-Altera deal could help chipmaker extend reach in cloud  USA TODAY
What some are saying about the new RFS standards
Iowans and national leaders were chagrined at the U.S. Environmental Protection Agency's proposal setting the amount of biodiesel and ethanol that should be blended in the nation's fuel supply.
EPA renewable fuel proposals disappoint area ag supporters  Quad-Cities Online
UPDATE 3-US biofuel rules seek compromise, but industries vow fight  Reuters
Snapchat has sold $537M in common stock to investors
Snapchat, the fast-growing messaging app, has sold $537 million in common stock to nearly three-dozen investors since mid-February - part of a hoped-for $650 million equity cash raise, the company said in a regulatory filing on Friday.
Snapchat Raises Another $500 Million From Investors  Nasdaq
Snapchat raises US$537m in new round of equity funding  Malay Mail Online
Health Insurer Humana Explores Sale
Health insurer Humana Inc. HUM 20.31 % is exploring a possible sale of the company, a move that could trigger a round of mergers in an industry grappling with challenges and opportunities the federal health-care overhaul has created.
Humana shares jump 15% amid takeover report  CNBC
NY-bound passenger jet reports near-miss with drone
A commercial airliner narrowly missed colliding midair with a drone at 2,700 feet as it neared New York's LaGuardia Airport Friday morning, just hours after a string of incidents involving lasers pointed at planes, according to federal officials.
America's Worst Airport to Get $4 Billion Swedish Massage  Bloomberg
Port Authority taps LaGuardia developer  Queens Chronicle
Anheuser-Busch Produces Water for Texas and Oklahoma Victims
ST. LOUIS (KMOX/NEWS RELEASE) - Anheuser-Busch halts their production of beer to produce water for Texas and Oklahoma victims that were recently hit with deadly storms and flooding.
Beer giant Anheuser-Busch provides water for storm victims  Examiner.com
Budweiser Factory Switches Production From Beer To Water  KMBZ