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U.S. markets 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 ...
After-Hours News: Herbalife Ltd (HLF), Electronic Arts Inc (EA), Groupon Inc ...  International Business Times
UPDATE 1-Herbalife raises profit forecast as China sales jump, shares soar  Reuters
SFGate  
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.
Business Highlights  ABC News
Wells Fargo customers: Here's what to look for if you're concerned  Los Angeles Times
NYMEX-Oil higher on weaker dollar, Libya supply; US crude above $60
SINGAPORE May 6 (Reuters) - Oil prices edged up on Wednesday towards 2015 highs reached in the previous session, supported by a weaker dollar and a disruption to crude exports in Libya.
Oil Analysts Practice Cautious Capitulation as Crude Surprises  Bloomberg
Oil Gains After API Data Show Fall In U.S. Crude Supply  Fox Business
Microsoft Is Said to Evaluate Possible Bid for Salesforce
Microsoft Corp. is evaluating a bid for Salesforce.com Inc., after the cloud software provider was approached by another would-be buyer, people with knowledge of the matter said.
Microsoft reported to weigh Salesforce.com bid  USA TODAY
Microsoft Eyes A Salesforce Bid. They Say.  Forbes
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 ...
Top 25 hedge fund managers see pay cut to $US400m each  The Australian Financial Review
Cliff Asness Not Happy With NYT Coverage Of Top Hedge Fund Earners  ValueWalk
Feds give US farmers approval to spray crops from drones
FRESNO, Calif. (AP) - A drone large enough to carry tanks of fertilizers and pesticides has won rare approval from federal authorities to spray crops in the United States.
US approves giant crop-spraying drone  CTV News
Disney Beats Analyst Expectations, Earns EPS of $1.23
Driven by its strong brands and quality content, the world's largest entertainment and media company, The Walt Disney Company, posted an increase of 10 percent in its Q2 earnings.
Disney sees strong quarterly earnings, expects big year thanks to new ' ...  New York Daily News
'Frozen' drives profits as Disney beats estimates  Irish Examiner
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  Computerworld Australia
Nvidia winding down 4G modem ops, open to a sale (NVDA)  Seeking Alpha
Electronic Arts Earnings Rise as Digital Sales Surge
Electronic Arts Inc. reported quarterly earnings that blew past Wall Street's forecasts as digital sales surged. But the company's guidance for the current quarter and full fiscal year came up short of analysts' projections.
Game publisher EA's profit, revenue trump estimates  Reuters
Video game giant Electronic Arts gains nearly 4% after record earnings  Nasdaq
Netflix urges revisions to AT&T-DirecTV deal
Netflix is urging the Federal Communication Commission to reject AT&T's $48.5-billion purchase of satellite TV company DirecTV unless revisions are made.
Netflix challenges AT&T's $48bn DirecTV deal  Financial Times
Netflix Pressurizes FCC To Protect Competition Amid AT&T And Direct TV ...  Business Finance News