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U.S. markets news

Apple CEO Tim Cook, Lawmakers Square Off Over Taxes
WASHINGTON�Apple Inc.'s tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one.
Apple chief's gamble pays off as criticism remains muted  Financial Times
Apple's Taxes Expose the Rotten US Code  Bloomberg
New York Times   Related articles »  
Dollar Lower After Two-Day Drop Versus Euro Before Bernanke
The dollar remained lower after a two-day drop against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid concern he will disappoint expectations for a paring back of monetary stimulus.
Bernanke Expected to Deliver Dovish Message - CNBC.com  CNBC.com
Dollar dips vs euro before Bernanke testimony; yen weakens  Reuters
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Jamie Dimon's Pyrrhic Victory
Just over two-thirds of JPMorgan Chase shareholders voted to keep him as both chairman and chief executive at the bank's annual meeting in Tampa, Fla.
Dimon performance well choreographed  Financial Times
JPMorgan's Dimon keeps chairman, CEO jobs  AFP
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Herbalife Hires PricewaterhouseCoopers as New Auditor
Herbalife Ltd. (HLF) hired PricewaterhouseCoopers LP as its new auditor after previous accounting firm KPMG resigned because of alleged insider trading.
Herbalife Taps PwC As Auditor After KPMG Insider Scandal  Law360 (subscription)
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Buffett, With His Magic Touch, May Be Irreplaceable
Acquisitions usually come with a nice premium for the seller. But when Warren E. Buffett is the buyer, there is typically something of a discount.
Buffett Jets Chief Says US Leads Private-Flight Rebound  Bloomberg
Wells Fargo overtakes Coke as Buffett's favorite  MarketWatch
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Markets Gain on Remarks by a Fed Official
Stocks moved higher on Tuesday, with Home Depot at a record high and buoying the blue chips, while investors awaited Congressional testimony from the Federal Reserve chairman, Ben S. Bernanke, on Wednesday.
US STOCKS-Dow, S&P end at records on Fed officials' reassurance  Reuters
US stocks close at fresh high  Financial Times
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Prosecutors consider using racketeering law against SAC: source
By Emily Flitter. NEW YORK | Tue May 21, 2013 7:34pm EDT. NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a ...
Scandal or not, one SAC investor can't get enough of Steve Cohen  Fox Business
SAC Capital Aims to Stem Withdrawal Requests  New York Times
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Goldman Sachs lifts S&P 500 target 5% for 2013
MADRID (MarketWatch) - The Standard & Poor's 500 index will rise 5% from current levels to reach 1,750 by the end of this year, said Goldman Sachs in a research note dated May 20.
BOOM: Goldman Cranks Up Its S&P 500 Targets, Sees A Whopping 33% Return ...  Business Insider
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NY official: Airbnb stay illegal; host fined $2,...
An administrative law judge decides that a man leasing a condo broke New York's laws after he rented out part of his home on Airbnb.
New York City issues $2400 fine for renting on Airbnb, but the law is still ...  The Verge
Airbnb rentals ruled illegal in New York City  Los Angeles Times
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Markets Celebrate Another Tuesday
Stocks carried on in their winning ways Tuesday, as investors cheered signals the Federal Reserve remains far from winding down its bond purchases and a bullish stock-market outlook from Goldman Sachs.
Stocks move higher to new record highs - USA Today  USA TODAY
US STOCKS SNAPSHOT-Dow, S&P end at records on Fed officials' remarks  Reuters
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