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U.S. markets news

Salesforce Cloud Prowess, High Cost Pose Dilemma for Microsoft
By Dina Bass. (Bloomberg) �- As Microsoft Corp. mulls whether to launch a bid for Inc., it will have to weigh the benefits of a big expansion in cloud computing against the drawbacks of a high price and a costly, time-consuming integration.
Microsoft reported to weigh bid  USA TODAY
4 trades on tech, entertainment movers  CNBC
San Jose Mercury News  
Herbalife discloses Justice Department probe
Nutritional drink company Herbalife on Tuesday said the Department of Justice has requested information about its members and its business practices -- marking the first time the company has said its members are being looked at by the enforcement arm of ...
UPDATE 1-Herbalife raises profit forecast as China sales jump, shares soar  Reuters
Herbalife posts profit of $78.2 million in first quarter; boosts outlook ...  Fox News
Gains Across the Disney Empire Lift Earnings 10%
LOS ANGELES - It was supposed to be a rare quarter of weakness for Disney, with analysts fretting about higher programming costs at ESPN and a comedown from last year's �Frozen�-fueled highs.
Earnings: Disney, Herbalife Beat Street  Los Angeles Business Journal
Walt Disney's (DIS) CEO Bob Iger on Q2 2015 Results - Earnings Call ...  Seeking Alpha
Los Angeles sues Wells Fargo, alleging fraud by employees
LOS ANGELES - Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles.
Los Angeles sues Wells Fargo over opening extra accounts to hike sales quotas  LA Daily News
Business Highlights
Here's what to expect from Tesla's first-quarter earnings (TSLA)
On Wednesday, Tesla will report first-quarter earnings after the markets' close. We'll cover the news and also CEO Elon Musk's conference call with analysts after the earnings post.
Batteries to the rescue  The Durango Herald
Here's what to expect from Tesla's first-quarter earnings  Business Insider
Oil analysts practice cautious capitulation as crude surprises
[LONDON] As oil prices climbed above US$68 Tuesday for the first time since December, analysts at some of the world's biggest banks were holding onto views that this would be a bad year for crude - just not as terrible as they originally predicted.
Oil Gains After API Data Show Fall In U.S. Crude Supply  Fox Business
UPDATE 13-Oil hits 2015 highs as Saudis raise prices, Libya output slows  Reuters
Freddie Mac to hand $746 million to US Treasury
WASHINGTON (Reuters) - Government-controlled mortgage finance firm Freddie Mac (FMCC.OB) on Tuesday said it will cut a check to the U.S.
FHFA opens door for potential Fannie, Freddie CEO raises  HousingWire
Regulator to allow review of CEO pay at GSEs  MarketWatch
Market U-Turn Rams Hedge Funds
A broad market reversal is battering hedge funds, spoiling the industry's strongest annual start since the financial crisis. Many funds that bet on global financial and economic trends run by firms such as Fortress Investment Group FIG -2.58 % LLC and ...
Cliff Asness Not Happy With NYT Coverage Of Top Hedge Fund Earners  ValueWalk
In a down year, hedge fund CEOs did just fine  CBS News
NVIDIA Plans To Wind Down Icera Modem Operations In 2016
Today NVIDIA announced plans to wind down their Icera modem operations in the latter half of their fiscal 2016. Icera was originally an independent British semiconductor company before they were purchased by NVIDIA in 2011 for $367 million dollars.
Nvidia's shift away from mobile devices cuts modem unit  PC Advisor
UPDATE 2-Mylan says can close Perrigo deal by year end, reports profit
(Add company comment from conference call, Q2 EPS forecast, share price). By Bill Berkrot. May 5 (Reuters) - Generic drugmaker Mylan NV, at the center of a high-stakes, three-way takeover battle, said on Tuesday it is fully committed to acquiring ...
Mylan Maintains Perrigo Push as First-Quarter Profit Falls Short  Bloomberg
Mylan Profit Tops Estimates, Sales Misses  RTT News