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U.S. markets news

UPDATE 1-Shell to cut 2200 more jobs in face of weak oil prices
(Updates throughout). LONDON May 25 Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
Shell to Lay Off Another 2200 Staff  Wall Street Journal
Shell Announces Further Job Cuts; Brings Total Job Losses to 12500
Automakers Befriend Start-Ups Like Uber, Girding Against a Changing Car Culture
Shahar Waiser is the chief executive of Gett, a popular ride-hailing app in Europe. The company said it has established a relationship with Volkswagen.
Toyota, Uber latest to join forces in ride-hailing rush  Reuters
VW invests $300M in Uber rival Gett in new ride-sharing partnership  TechCrunch
EU seeks to make buying online abroad easier, postage cheaper
BRUSSELS The European Commission proposed on Wednesday to ban Internet retailers from treating customers differently depending on where they live to encourage consumers to shop across the bloc for online products.
Europe Seeks Greater Control Over Digital Services  New York Times
EU Proposes More Regulation for On-Demand Video Platforms  Wall Street Journal
DeVry CEO Replaced by Board Member
Daniel Hamburger, the CEO of DeVry Education Group for the last nine years, left the company on Tuesday. His departure was effective immediately, DeVry, a large for-profit chain, said in a written statement.
For-profit college company DeVry Education Group replaces CEO  Washington Post
Active Stocks' Revenge with Bears- Verizon Communications (NYSE:VZ ...  Seneca Globe
Oil nudges $50 a barrel as investors bet on shrinking overhang
LONDON Oil rose toward $50 a barrel on Wednesday for the first time in seven months, driven by expectations that shrinking supply will help erode any overhang of unwanted crude, particularly after industry data showed a sharp fall in U.S.
Oil at Seven-Month High as US Stockpiles Drop  Wall Street Journal
Stock Futures Rise as Crude Moves Toward $50
UPDATE 1-Strong German business morale boosts growth hopes
... * Ifo's business climate index up more than expected. * May reading hits highest level so far this year. * Morale among construction firms highest since 1991.
German Business Ignores Brexit Fears as Confidence Improves  Bloomberg
German Survey Shows Economy Still Robust  Wall Street Journal
SWIFT Preps For Security Program Launch
To help repair its damaged reputation, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) announced on Tuesday (May 24) that it plans to launch a new security plan to help combat ongoing bank heists.
Lawmaker raises alarm over bank hacks  Washington Post
SWIFT to unveil new security plan after hackers' heists  Reuters
Deal of the Week: Monsanto Dances with Bayer; George Zimmer Wants Back In
Bayer AG, whose $62 billion takeover bid was rejected earlier by Monsanto Co., said it's confident it can overcome the seed company's concerns about the regulatory and financing risks related to a deal that would create the world's largest supplier of ...
Monsanto Rejects Bayer Bid, but Is Open to More Talks
German stocks - Factors to watch on May 25  Reuters
CEO pay climbs again, even as their stock prices don't
NEW YORK - CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks - a big fat zero.
Top 10 highest-paid CEOs  Atlanta Journal Constitution
How AP and Equilar Calculated CEO Pay  ABC News
Sarepta Surges After U.S. Regulators Delay Ruling on DMD Drug
Sarepta Therapeutics Inc. surged in early trading after the biotechnology company said U.S. regulators had delayed ruling on its drug for a deadly muscle disease, raising hopes that the therapy could be approved.
Sarepta Saga Drags On as FDA Delays Decision on Duchenne Drug  Xconomy
FDA delays decision on Sarepta's muscle-wasting disorder drug  Reuters