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U.S. markets news

UPDATE 2-Yellen cites 'potential dangers' in US stock valuations
(Adds Yellen q and a with Lagarde). By Michael Flaherty and Anna Yukhananov. WASHINGTON May 6 (Reuters) - Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the ...
Yellen Calls Stock Prices 'Quite High'  New York Times
Yellen says stock valuations are 'quite high'  MarketWatch
U.S. ADP non-farm payrolls rise by 169000 in April - U.S. non-farm private employment rose less than expected in April, fuelling concerns over the strength of the U.S.
WRAPUP 1-US private payrolls growth moderates; productivity falls  Reuters
Private firms added 169000 jobs in April, missing forecasts  USA TODAY
EU Commission Opens Antitrust Inquiry Into E-Commerce Sector
LONDON - European officials on Wednesday opened an antitrust investigation into the region's e-commerce sector to address whether large players like American technology giants were impeding competition.
EU Announces Plans to Create a Single Digital Market  Wall Street Journal
EU moves to help tech companies compete with Google, Amazon  Los Angeles Times
U.S. Productivity Slumps 1.9% In First Quarter
WASHINGTON - U.S. productivity in the first quarter fell by a 1.9% annual pace, resulting in the first back-to-back drop since 2006.
US productivity drops at 1.9 per cent rate in first quarter  Economic Times
U.S. non-farm productivity falls 1.9% in the first quarter  Nasdaq
Stocks slip after weak jobs data
NEW YORK - U.S. stocks fell broadly in early trading today after the release of weak U.S. economic reports. Oil prices rose, helping drillers and other energy companies move higher.
US stocks slipping after weak jobs data; oil prices rise
From "Drill, Baby, Drill" to "It's the Storage, Stupid": Have Batteries Come of Age?
Last week Elon Musk introduced his Tesla Powerwall home and business energy storage unit to the public in an event that got less press than the release of a new iPhone.
Tesla makes itself the center of the energy-storage universe  Environment & Energy Publishing
Tesla's Powerwall battery gives a glimpse at a new way to
Wendy's Surges as Burger Chain Offloads Bakery Unit, Restaurants
Wendy's Co. shares surged after the burger chain said it would divest its bakery operations and pushed ahead with a plan to sell hundreds of restaurants to franchisees, aiming to refocus the company and cut costs.
Wendy's Tops Profit Expectations, Announces Store And Asset Sale Plans  Fox Business
Wendy's to Sell Bakery Business, Over 600 Restaurants -- Update  Nasdaq
Crude Climbs as U.S. Supply Drops First Time in Four Months
Oil extended its advance to trade above $62 a barrel on signs the U.S. supply glut is easing. Crude inventories fell last week, the American Petroleum Institute was said to have reported Tuesday.
Crude Oil Prices Soar by 25% in April  Inside Trade
Oil Prices Rise Ahead of U.S. Supply Data  Nasdaq
Alexion to Buy Synageva for $8.4 Billion
Alexion Pharmaceuticals Inc. ALXN -9.10 % agreed to buy Synageva BioPharma Corp. GEVA 114.63 % in a cash-and-stock deal valued at $8.4 billion, paying more than double the market cap for the maker of rare-disease treatments.
Alexion Pharma to buy Synageva BioPharma for $8.4 billion  Reuters India
Alexion Buying Synageva For $230 A Share; Stock Slips ALXN GEVA  Investor's Business Daily
Amazon's drones could follow you to work
Amazon has been awarded a patent which lays out detailed plans about its drone delivery program including how the unmanned aircraft would communicate with each other and navigate the best route on their own - including following a customer to make ...
FAA launches Pathfinder Program to help drones find their wings in the US  VentureBeat
FAA Gives Flight to Drone Test Program With Companies Including CNN