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U.S. markets news

Charter to pay $55B for Time Warner whose deal with Comcast died
The telecom industry is ready to try a multibillion-dollar acquisition again, a month after a Comcast-Time Warner Cable deal fell apart, this time with Charter Communications buying Time Warner Cable for roughly $55 billion.
Charter is reportedly closing in on a deal to acquire Time Warner Cable  The Verge
Charter Deal for Time Warner Cable Signals Shift in TV Industry  New York Times
Quick Takes: MTI remains cautious given uncertain external outlook
SINGAPORE'S Q1 GDP growth came in higher than expected on Tuesday. The 2.6 per cent year-on-year expansion overshot both the initial flash estimate of 2.1 per cent growth, and the market's expectation that this could be raised slightly to 2.2 per cent.
Singapore Q1 GDP up more than expected, points to steady policy  South China Morning Post (subscription)
Singapore Q1 growth tops advance estimates  CNBC
NYMEX crude oil gains in early Asia as on demand prospects - Crude oil prices gained in early Asia on Tuesday as investors looked ahead to demand prospects from a mildly upbeat economic assessment by the Federal Reserve chief last week.
Brent Crude Trades Near $65 on Middle East Violence, OPEC Supply  Bloomberg
Return of crude/dollar trade fuels oil market dilemma ahead of OPEC  Reuters Africa
Samsung Lee Family Restructures Chaebol as Cheil to Buy C&T
Cheil Industries Inc., the de facto holding company of Samsung Group, agreed to acquire Samsung C&T Corp. for about $8 billion as the controlling Lee family restructures South Korea's biggest conglomerate.
Corporate maneuver at Samsung strengthens heir's influence  U-T San Diego
Samsung to merge two major units  Business Insider
Detroit's Duggan a main attraction at Mackinac talks
Mayor Mike Duggan heads to Mackinac Island for the Detroit Regional Chamber's annual policy conference as one of the event's top draws - a pro-business Democrat who's helping restore confidence in Detroit and improving the city's operations.
Michigan elite to gather on Mackinac Island to talk business, politics and ...
Mackinac meeting to focus on roads, schools, urban revival  Mid Columbia Tri City Herald
AAA reports Motorists find Cheapest Memorial Day Gas Prices in 4-5 years
AAA Tampa, FL - AAA forecast that 33 Million Americans would drive 50 miles or more during the Memorial Day weekend. Those motorists saw the lowest gasoline prices for the holiday in up to five years.
Low Gas Prices To Fuel Summer Travel  KELOLAND TV
Memorial Day gas prices at lowest amount since 2010  KUSI
Tesla home battery at $7K, partnered with rooftop solar system, may help reduce ...
David Cunningham installed a prototype Tesla battery system to power his home in Foster City, Calif. Email Newsletters. Click here to sign up for one of our email newsletters.
Tesla, LG Chem pull ahead in advanced battery race  Michigan Radio
Victor Schukov: Could you imagine the West Island running on Tesla batteries?  Montreal Gazette
Iron ore extends rally as Chinese port stocks dwindle
... * Iron ore stocks at China's ports at lowest since Dec 2013 * Dalian futures rise 4 pct to hit upside limit By Manolo Serapio Jr SINGAPORE, May 26 Spot iron ore prices rose to their highest in more than a week above $61 a tonne as stocks of the raw material ...
Fortescue Jumps Most in Month as Investors Weigh Stake Sales  Bloomberg
Fortescue unaware of FIRB applications  Herald Sun
Fiat Chrysler boss shakes up global car business
NEW YORK - Mary Barra, chief executive of General Motors, received a lengthy and unusual email back in March from one of her direct competitors, Sergio Marchionne.
Chrysler shares slide after GM merger rebuke  City A.M.
Scepticism over Fiat chief's call for cars tie-ups  Financial Times
Hurricane Preparedness Sales Tax Holiday Begins
CHARLOTTESVILLE, VA (NEWSPLEX) -- The Atlantic Hurricane Season starts next week, and Virginia residents have the chance to get ready this week and not pay sales tax.
VA Hurricane Preparedness Sales Tax Holiday Underway  NBC 29 News
Stock up, tax free, on many hurricane prep items