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U.S. markets news

Refining's silver lining loses luster at Exxon and Chevron
HOUSTON Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) posted sharp drops in quarterly results on Friday as an oversupplied fuel market shrank profits from their refining units, which until now had provided healthy margins that helped insulate them ...
Big Oil, Big Mistake: Investors Overpay for Income at Exxon  Wall Street Journal
Exxon and Chevron Earnings Hurt by Low Oil Prices  New York Times
CNBC  
$458 billion in taxes go unpaid every year
The United States routinely lives above its means by spending more than it takes in. But that's not entirely intentional. Part of the problem is that every year there's an estimated $458 billion 'tax gap' -- taxes that are owed but not paid.
IRS Now Pegs Tax Cheating by Americans at $458 Billion Annually  The Fiscal Times
IRS Data Show Tax Gap Has Reached $458 Billion  Accountingweb.com
Apple buybacks to resume on Friday, gobbling up stock priced near the lowest ...
Apple's share repurchase program will exit a mandated quiet period on Friday—two days after the company reported earnings—enabling the company to resume buying back shares.
Apple's stock suffers worst week since 2013  Reuters
Apple: Why Icahn Is Wrong About China  Seeking Alpha
FTC investigating Paypal's Venmo payment service
Paypal Holdings said in a SEC filing Thursday the Federal Trade Commission has requested documents related to an investigation into possible deceptive or unfair practices by the company's peer-to-peer payment service Venmo.
Here's Why PayPal (PYPL) Stock is Falling Today  TheStreet.com
PayPal says its Venmo payment service is being investigated by FTC for ...  Ottawa Citizen
International Business|For Eurozone Economy, It's Back to the Future
Protesters demonstrated against unemployment in front of the Greek Parliament in Athens this month. Credit Alkis Konstantinidis/Reuters.
What Slump? How Eurozone Growth is Bucking the Global Trend  Wall Street Journal
Eurozone economy finally reaches pre-crisis levels  GlobalPost
Chevron to Cut More Jobs as It Reports Wider-Than-Expected Loss
Chevron Corp. on Friday said it would cut another 1,000 jobs as it reported a wider-than-expected loss as oil prices continued to languish during the first quarter.
Chevron Posts a Wider-Than-Expected Loss in the First Quarter  Bloomberg
Chevron (CVX) Reports Big Q1 Loss on Oil Collapse  Nasdaq
Amazon Smashes 1Q Earnings Estimates, AWS Still The Star
Amazon.com'sAMZN first-quarter EPS of 1.07 was way ahead of the Zacks Consensus Estimate of $0.61. The North America and AWS segments were strong contributors to profits while investments in international continued.
Amazon stock nears all-time high after record earnings; tech giant valued at ...  GeekWire
Amazon Gets a Standing Ovation for its First-Quarter Performance  TheStreet.com
Valeant Files Overdue Annual Report, Shakes Up Its Board
Valeant Pharmaceuticals International Inc. VRX -5.03 % filed its long-delayed annual report and further overhauled its board Friday, resolving the company's looming danger of debt default and positioning it to aim for a fresh start after months of ...
Valeant annual report reveals new issues, company overhauls board  Reuters
Valeant Pharmaceuticals Files Annual Report On Form 10-K For Year Ended ...  PR Newswire (press release)
Monster Beverage Shares Jump After Earnings Beat
Monster Beverage Corp. posted better-than-expected increases in profit and revenue because of improvements in distribution through its agreement with Coca-Cola Co.
Monster Beverage (MNST) Stock Rises on Q1 Earnings Beat  Nasdaq
Energetic rally for Monster Beverage after earnings  Seeking Alpha
US Consumer Sentiment Slips in April
The University of Michigan said Friday that its index of consumer sentiment slid to 89 in April from 91 in March. It is the lowest reading since September and the fourth straight drop.
US Consumer Sentiment Fell as Caution Continued  Wall Street Journal
Consumer Sentiment in U.S. Declined to Seven-Month Low in April  Bloomberg