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U.S. markets news

Portugal's BES steadies nerves, losses still a puzzle
LISBON/LONDON (Reuters) - Banco Espirito Santo BES.L steadied market jitters about its vulnerability to the troubled business empire of its founding family on Friday but investors are still in the dark about the size of any potential losses.
Espirito Santo Turmoil Shows ECB's Challenge in Managing Systemic Risk  Businessweek
Recovery on European bourses weakens  Financial Times
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US stocks: Futures rebound; Wells Fargo earnings next
LONDON (MarketWatch) - U.S. stocks look set to advance Friday and win back a portion of Thursday's Portugal-induced losses, while banking heavyweight Wells Fargo & Co.
Wells Fargo profit creeps higher  Financial Times
Wells Fargo reports slight profit rise, says economy improving  Chicago Tribune
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Cynk Halted After No-Member Network's Surge From Pennies
Cynk Technology Corp., the supposed operator of a social network that has enthralled the financial world with its skyrocketing stock price, was halted today in over-the-counter trading.
Cynk Tech shares halted by Finra  Chicago Tribune
CYNK Technology Corp Halted; Rewind To A Year Ago  ValueWalk
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Reynolds in Talks to Acquire Lorillard in Merger of Tobacco Rivals
Photo. Reynolds American is the parent company of R.J. Reynolds, the maker of Pall Mall and Camel cigarettes.Credit Keith Srakocic/Associated Press.
Reynolds American, Lorillard Confirm Merger Talks  Wall Street Journal
The logic behind Reynolds-Lorillard merger  Financial Times
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Rising bond yields point to rate rises
Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%  Wall Street Journal (blog)
Fed's George says rate hike possible this year - Dow Jones  Reuters
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Amazon seeks OK for testing of 50-mph drones
Amazon is apparently getting serious about using drones to make super quick, airborne deliveries like something you'd see on The Jetsons.
Amazon Wants to Test-Fly Its New Delivery Drones  TIME
Amazon seeks OK for enhanced drone tests  Reno Gazette Journal
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Icahn: Time to Be 'Cautious' on U.S. Stocks
Activist investor Carl Icahn said it is time to be cautious about the run-up in the U.S. stock market and that he is being very selective about what he is buying.
Family Dollar Sales Fall, Management Blames the Economy - FDO  Street Register
3 Things Wall Street Missed on Family Dollar  TheStreet.com
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Obama pushes faster payments for small businesses with help of Apple, IBM ...
Many small business owners bemoan the often lengthy amount of time it takes to get paid by their commercial clients. President Obama, it turns out, has had enough of that, too.
Obama asking companies to pay suppliers faster  Philly.com
Obama, corporate giants announce plan to boost suppliers  Reuters
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OPEC output steady, IEA says
IEA sees overall stable output from members of OPEC oil cartel. . (UPI Photo/Wes Eplen/U.S. Navy). VIENNA, July 11 (UPI) --Lower oil production from Iraq was offset by gains elsewhere from members of OPEC, the International Energy Agency said Friday.
Oil Demand Rising Fastest Since 2010 for IEA on China  Bloomberg
IEA Warns Little Room for Complacency in Oil Markets in 2015  Wall Street Journal
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UAW believes unique tactic in Chattanooga is worth the risk
The United Auto Workers' strategy of working around a narrow election loss by setting up a local chapter for Chattanooga workers without formal recognition from Volkswagen is ´┐Żunusual but not unprecedented.
Why Volkswagen agreed to UAW local at its US plant  USA TODAY
UAW Seeks Works Council at VW Factory That Rejected Union  Businessweek
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