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U.S. markets news

DC Fed wrestles away big-bank oversight from New York
Federal Reserve Board Governor Daniel Tarullo has quietly wrestled control of big bank oversight from the New York Fed. The move by DC is a clear black eye for the New York Fed, a first among equals when it comes to regional Fed banks and the traditional ...
Charlotte's big banks clear 'stress test' hurdle  WBTV
Banks clear first phase of Fed stress testing  USA TODAY
Boston Globe (subscription)  
Hartsdale Snuggie seller pays $8M for deceptive sales
As seen on TV: Too good to be true? A Hartsdale direct marketing company behind the Snuggie has agreed to pay $8 million over claims that it deceived and overcharged customers.
Snuggie maker pays $8 million to settle fraud charges  WQAD.com
Snuggie seller settles charges that it deceived customers  Philly.com
McDonald's not alone nixing antibiotics
While McDonald's new antibiotics policy is expected to be a strong catalyst toward change in how chicken is produced and sold, the world has not waited idly for McDonald's to act.
Q&A: Why is McDonald's ditching chicken treated with antibiotics?  Los Angeles Times
McDonald's plan gives suppliers headache  Bangkok Post
AbbVie CEO defends Pharmacyclics deal to skeptical investors
NEW YORK, March 5 (Reuters) - AbbVie Inc chief Richard Gonzalez fought two other drugmakers to "the bitter end" to buy Pharmacyclics Inc for its hot-selling Imbruvica cancer drug, but may have a harder time convincing investors it is worth $21 billion.
How Much Is One Cancer Drug Worth?  Wall Street Journal
Downtown Abbvie: High roller's $21B bid wins Pharmacyclics to ' ...  BioWorld Online
US Factory Orders Edged Down in January, but Data Also Supports Optimism
WASHINGTON - Orders to American factories fell again in January, but an important investment category showed a gain. Orders to factories edged down 0.2 percent in January, the Commerce Department said on Thursday.
US Factory Order Declines by 0.2 percent in January  Ashburn Daily
Factory Orders Drop -0.2% on Oil  Economic Populist
Stocks rise on mergers; Dow rises 38
U.S. stocks rose Thursday, after equities posted their biggest two-day slump in more than a month, amid corporate deals before Friday's government jobs report.
Closing Update: Wall Street Cautiously Optimistic Before February Jobs Data  Nasdaq
Stocks close higher, break 2-day losing streak  USA TODAY
US Auction Suggests Lingering Interest in Bitcoin
The falling price of Bitcoin has not entirely quashed investor enthusiasm for the virtual currency. The United States Marshals Service said on Thursday that 14 registered bidders took part in an auction for 50,000 Bitcoins, worth about $14 million, that were ...
The Third US Marshals Service Bitcoin Auction Has Come to a Close  newsBTC
Keurig's own inventor not a fan of K-Cups
The man behind Keurig's coffee system says K-Cups are too expensive, addictive and wasteful. by Brian Bennett · @boliverbennett; 6 March 2015, 9:01 am AEDT.
Here's How Much You'd Save by Dumping K-Cups for Traditional Brewed ...  TIME
Costco's payout to investors pays off in the second quarter
ISSAQUAH, Wash. (AP) - Costco's second-quarter profit easily topped Wall Street estimates thanks in part to a tax bump from the payout of a special dividend last month.
Exclusive: Costco working to end use of human antibiotics in chicken  Business Insider
Costco Wholesale (COST) Earnings Report: Q2 2015 Conference Call Transcript  TheStreet.com
To Boost China Sales, Amazon Tries Alibaba Partnership
Ever since Amazon.com Amazon.com entered China about a decade ago, the company has been fighting a futile battle in the country's burgeoning e-commerce sector.
Why Amazon Is Opening a Store on Alibaba's Tmall  Bloomberg
Amazon opens store on Alibaba's online marketplace Tmall  WTAQ