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U.S. markets news

Ex-Barclays director accused by US of illegal tips to plumber
NEW YORK A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers that he learned about at the bank to a plumber, who used the tips to illegally make $76,000.
Former Wall Street executive charged with giving stock tips to fishing buddy  Washington Post
Barclays Director Accused of Giving Insider Tips to a Plumber to Remodel His ...  Fortune
CBS News  
Great Plains Boosts Debt to Buy Westar as Power Sales Slump
Great Plains Energy Inc.'s $8.6 billion deal to buy Westar Energy Inc. shows the high risk some power companies are willing to take to grow through acquisitions.
US regulated power firm Great Plains to buy Westar for $8.6 billion  Reuters
Great Plains Energy's Plan to Buy Westar Worries Investors  New York Times
US consumer spending increase strongest in over six years
WASHINGTON U.S. consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise ...
Consumers Spend Even as Confidence Ebbs: U.S. Economic Takeaways  Bloomberg
US Consumer Spending Climbed at Fastest Pace in Nearly Seven Years  Wall Street Journal
Staples CEO to Step Down Following Failed Office Depot Deal
Staples Inc. Chief Executive Officer Ron Sargent will step down from the job next month, handing the reins to lieutenant Shira Goodman, after his strategy to acquire Office Depot Inc. was blocked earlier this month.
Staples CEO To Step Down Following Collapse Of Office Depot Merger  Forbes
Staples CEO to step down after failed merger  The Boston Globe
Does Donald Trump's plan to drill more oil make sense?
Donald Trump wants to help the slumping oil and gas industry by cutting regulation and encouraging a lot more drilling. He even promised to "save" the coal industry.
Trump is wrong on the Paris climate agreement. I know because I negotiated it.  Washington Post
Trump: Obama's Unnecessary Oil, Gas, Coal Regulations Will Go  E&P
Stocks Fall, But S&P 500, DJIA Have a Winning May
The Dow industrials and S&P 500 fell Tuesday, but both indexes still ended the month higher. Investors' new expectations for the pace of U.S.
Wall St. ends May with whimper as energy shares slump  Reuters
US stocks slip, S&P 500 trims third consecutive monthly gain  Chicago Tribune
Valeant Pharmaceuticals Not Ready To Let Go Of Pearson
Valeant Pharmaceuticals Intl Inc. (NYSE:VRX) doesn't seem to be ready to set sail without its former Chief Executive Officer, Michael Pearson.
Valeant's Former CEO Will Stay on as an $83000-a-Month Consultant  Fortune
Valeant Ex-CEO May Get $763000 for Consulting Through 2017  Bloomberg
San Diego County home prices up 6.2%
Southern California home prices continued to outpace the national average, and many major cities, said the S&P/Case-Shiller Home Price Index released Tuesday.
Seattle area home prices set new record; 2nd-fastest rising in nation  The Seattle Times
Home Prices Climbed 5.2% In March, Says S&P/Case-Shiller  Forbes
Instagram officially announces its new business tools
Instagram this morning officially announced the launch of its tools for business users, including new business profiles, analytics and the ability to turn Instagram posts into ads directly from the Instagram app itself.
Instagram Is Now Giving Small Businesses a Dashboard Full of Data About ...  Adweek
Instagram Makes E-Commerce Push With New Tools For Businesses  Forbes
India's economic growth surges in March quarter
NEW DELHI India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week.
India's Mediocre Growth  Wall Street Journal
India's Economic Growth Up To 7.9% Of GDP For Quarter, 7.6% For The Year  Forbes