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U.S. markets news

Halliburton and Baker Hughes scrap $28 billion merger
Oilfied services provider Halliburton Co (HAL.N) and smaller rival Baker Hughes Inc (BHI.N) announced the termination of their $28 billion merger deal on Sunday after opposition from U.S.
Halliburton, Baker Hughes call off merger  FuelFix (blog)
Halliburton, Baker Hughes call off $34 billion merger  Washington Post
USA TODAY  
Puerto Rico to default on $370M debt payments
SAN JUAN, Puerto Rico -- Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S.
Q&A: Puerto Rico's debt crisis explained  Washington Post
Puerto Rico Development Bank Won't Make Most of a Debt Payment Monday  Wall Street Journal
Asian shares slip, Nikkei skids on yen strength
TOKYO Asian shares fell in early trading on Monday, with Japan's Nikkei plunging after the dollar notched a fresh 18-month low against the yen.
Japan Stocks Slide With Yen at 18-Month High; Crude, Copper Drop  Bloomberg
Nikkei tumbles 4%, leading Asia market falls; Kospi down 0.3%, ASX off 0.6%  CNBC
Hotel planned for Navy Pier, mayor says
Chicago-based First Hospitality Group will develop and operate the hotel, which is slated to open in late 2018. (WLS). Embed. <iframe width="476" height="267" src="http://abc7chicago.
City announces plans for Navy Pier hotel  SFGate
Navy Pier to get 200-room, $90 million hotel project  Crain's Chicago Business
The Fed Will Not Increase Rates: The Export Perspective
Among the various factors that play an important role in the policymaker's decision to increase interest rates, the dollar and its impact on exports is a key consideration.
Of head winds, cross winds and turbulence  Gulf Times
US economy struggles at start of election year  Albany Times Union
SBA chief urges respect, support for small businesses
Since 1963, the first week of May has been designed by the president of the United States as a time to celebrate entrepreneurs. To mark the start of this year's Small Business Week, small-business owner and USA TODAY contributor Rhonda Abrams sat ...
7 Free Events and Webinars Entrepreneurs Can Take Advantage of During ...  Entrepreneur
Celebrate National Small Business Week  Pensacola News Journal
'Damn Daniel' viral video helps boost Vans sales
GREENSBORO, N.C. (AP) - "Damn Daniel," a viral video made by two teenage boys, helped boost sales of Vans shoes. V.F. Corp.
'Damn Daniel' viral video sent sales of white Vans soaring  Stock Transcript
Chinese appear underwhelmed by Under Armour knock-off
Chinese sports brand Uncle Martian's logo has been criticised for being too similar to that of Under Armour's. Photo: AFP.
Chinese knockoff brand Uncle Martian looks exactly like Under Armour  Washington Post
Under Armour Knockoff Brand Causes Uproar  Footwear News
7 Pervasive Retirement Myths That Need to Be Put to Rest
Nearly every American working today dreams about being able to quit their job for good and live out the rest of their life on a schedule of their own choosing.
Is this the best way to fix Social Security?  KVUE.com
Entitlement reform still missing in campaign action  Charleston Post Courier (press release)
Baker Hughes Reports Another 11-Rig Decline This Week
Baker Hughes (BHI - Get Report) issued its weekly rotary rig counts Friday, markedly noting a 11-count drop in U.S. active rigs to 420.
US oil rig count falls by more than 3 percent in a week  FuelFix (blog)
US Rig Count Drops 11 This Week to 420, Another All-Time Low  New York Times