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U.S. markets news

Carl Icahn acquires 'large position' in Allergan
Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc (AGN.N) and that he was very supportive of CEO Brent Saunders.
Marketo to Be Bought by Vista Equity for $1.79 Billion  Bloomberg
Allergan (AGN) Stock Up as Icahn Reveals Stake
US Consumer Spending Climbed at Fastest Pace in Nearly Seven Years
WASHINGTON—Consumer spending advanced at the fastest pace in nearly seven years in April, the latest sign of stronger economic growth following a sluggish start to the year.
US consumer spending surges; inflation creeping up  Reuters
Consumer spending jumps the most in nearly seven years as incomes continue ...  Los Angeles Times
India's Economic Growth Picks Up Pace, Accelerating to 7.6%
NEW DELHI—Brisk consumer spending propelled growth in India's economy to 7.6% in the year that ended March 31, the fastest pace in at least four years despite indications that some areas of Asia's third-largest economy are still struggling.
India's economic growth surges in March quarter  Reuters
India's Economic Growth Up To 7.9% Of GDP For Quarter, 7.6% For The Year  Forbes
US Home Price Growth Remained Robust in March, Case-Shiller Says
Home prices rose strongly in March, the latest sign the housing market has momentum heading into the critical spring selling season.
Home Prices Climb Another 5.2% In March, Says S&P/Case-Shiller  Forbes
Home Prices Continue Steady Gains In March According To The S&P/Case ...  PR Newswire (press release)
Striking Verizon workers to return Wednesday; deal inked
NEW YORK - Nearly 40,000 striking Verizon employees will return to work Wednesday after reaching a tentative contract agreement that includes 1,300 new call center jobs and nearly 11 percent in raises over four years but also makes health care plan ...
Big Gains for Striking Verizon Workers in New Agreement  FierceTelecom
Verizon, Unions Reach Agreement on Contract Ending Strike  Bloomberg
Stocks open higher on last day of a strong May
Stocks are eyeing modest gains Tuesday and look to lock in solid May returns and continue a run toward record highs despite signs that Federal Reserve interest rate rises are coming this summer.
Treasuries Lose Their Lead Over Shares as Fed Moves Toward Shift  Bloomberg
Dow struggles for gains; energy, financials lead  CNBC
Regulated power company Great Plains to buy Westar for $8.6 billion
Great Plains Energy Inc (GXP.N), the owner of regulated power utility Kansas City Power & Light, will buy rival Westar Energy Inc (WR.
US stock indexes flat as investors weigh economic data  Washington Post
Notable Mergers and Acquisitions 5/31: (GXP)/(WR) (JAZZ)/(CPXX) (SQI) (MKTO)
Starbucks aims to rule cold coffee market with launch of nitro cold brew
Starbucks plans to start tapping kegs this summer - for coffee. The Seattle-based coffee company said Tuesday it will introduce nitro cold brew in stores as it aims to capitalize on the explosive growth in iced coffee drinks.
Starbucks Is Taking This Hot Trend in Coffee to the Next Level  Fortune
Starbucks (SBUX) Stock Up, Unveils New Cold Coffee Beverages
Marketo is acquired by Vista Equity Partners for $1.79 billion
Customer experience and marketing cloud provider Marketo is being acquired by the private equity firm Vista Equity Partners in a deal valued at about $1.79 billion.
Marketo (MKTO) Stock Jumps, Vista Equity to Buy for $1.79 Billion
Marketo Enters into Definitive Agreement to be Acquired by Vista Equity ...  PR Newswire (press release)
Canada Sees Lower Gain From Energy East as Brent Premium Narrows
TransCanada Corp.'s Energy East pipeline could provide a smaller windfall to Alberta oil producers than when the conduit was first proposed, a report by Canada's Finance Department shows.
New Saudi energy minister shows he takes OPEC seriously  Reuters
Oil Price Forecasts Get More Bullish as Oversupply Concerns Ease  Wall Street Journal