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U.S. markets news

Consumer Agency Moves to Assert Bank Customers' Right to Sue
Richard Cordray, director of the Consumer Financial Protection Bureau, before a hearing of the Senate Banking, Housing and Urban Affairs Committee last month.
CFPB Unveils Proposed Rule to Let Consumers Sue Banks, Credit-Card Companies  Wall Street Journal
US regulator seeks end to mandatory arbitration  Reuters
Bloomberg  
Tesla Motors posts a bigger loss, and two key executives plan to leave
Tesla Motors Inc. reported a larger first-quarter loss compared with a year ago Wednesday, but the report nearly was overshadowed by the planned departure of two of the company's key manufacturing executives.
Tesla's Wild New Forecast Changes the Trajectory of an Entire Industry  Bloomberg
Two Tesla executives leaving ahead of Model 3 ramp-up  Reuters
US Productivity Shrinks Again in First Quarter
One of the worst stretches ever for American productivity growth is getting even worse. Worker productivity—the output of goods and services for each hour of labor—slid in the opening months of the year as companies shelled out more on wages.
Healthy job gains expected despite weak report  USA TODAY
Productivity in U.S. Decreases for a Second Straight Quarter  Bloomberg
Zynga Shares Their First Quarter Results After Cost Cuts
Most companies are sharing their first quarter results, with a number of these companies posting that they are seeing an increase in profits.
Zynga (ZNGA) Frank D. Gibeau on Q1 2016 Results - Earnings Call Transcript  Seeking Alpha
Zynga's Q1 results tops forecasts  Firstcoastnews.com
4 Reasons Why Aeropostale Lost Its Cool With Shoppers
NEW YORK - Aeropostale Inc., once a popular mall destination for teens, has filed for Chapter 11 bankruptcy protection, becoming the latest victim in the fast-changing retail landscape.
Teen retailer Aeropostale files for bankruptcy protection  San Francisco Chronicle
Teen clothing retailer Aeropostale files for bankruptcy, plans to close 154 ...  Tribune-Review
NY / Region|Shutdown or Less Service? MTA Weighs 2 Options for L Train Project
Crews work on the L train line after Hurricane Sandy damaged it in 2012. The Metropolitan Transportation Authority is considering two options for fixing the line's tunnel under the East River.
MTA's L train shutdown plans include 3-year, single tunnel shutdown, 18 ...  New York Daily News
L Train Could Be Shut Down Entirely for 18 Months, or Partially for 3 Years: MTA  NBC New York
Tribune Publishing rejects Gannett offer
Tribune Publishing's board has voted unanimously to reject Gannett's $815 million unsolicited offer to buy the Chicago-based owner of the Chicago Tribune, Los Angeles Times and other major newspapers.
Tribune Publishing's (TPUB) CEO Justin Dearborn on Q1 2016 Results ...  Seeking Alpha
Media|Tribune Publishing Says No to Gannett's $815 Million Offer  New York Times
Baidu should have even higher standards than Google, because it's all China's ...
The Nasdaq-listed company's shares have dropped 10% in the first two days of this week after Chinese regulators launched an investigation into the search engine's role in a student's death.
Baidu's Ad Business Heads For Shakeout After College Student Death  Forbes
China Investigates Search Engine Baidu After Student Dies Of Cancer  NPR
Lawsuit seeks stronger regulation by EPA on how drillers handle, dispose of ...
In a lawsuit filed Wednesday, seven environmental and community organizations are suing the U.S. Environmental Protection Agency in federal court to compel the agency to tighten controls on the handling and disposal of oil and shale gas drilling and ...
Groups sue EPA for failure to update oil, gas industry waste regs  Topeka Capital Journal
EPA failing to regulate disposal of toxic gas and oil production waste ...  Dallas Morning News (blog)
Wall St. falls as data adds to growth worries; biotechs down
NEW YORK U.S. stocks declined for a second day on Wednesday, weighed down by tepid data on private sector U.S. jobs and a retreat in biotech shares.
Asian stocks follow Wall Street lower after uneven US data  Atlanta Journal Constitution
Weak hiring report sends stocks lower  CBS News