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U.S. markets news

Starbucks bets on nitrogen-infused cold brew coffee
Starbucks Corp. is doubling down on the iced coffee and cold brew market. The Seattle-based chain said Tuesday that it will add nitro cold brew to its lineup in its stores in Los Angeles and six other cities this summer.
Starbucks to Add Nitro Cold Brew Drinks to Lineup  Wall Street Journal
Watch Out Pumpkin Spice Latte: Starbucks Releases Its Most Hipster Drink Yet  E! Online
UPDATE 3-Ex-Barclays director accused by US of illegal tips to plumber
(Adds details of case). By Nate Raymond. NEW YORK May 31 A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided inside information about impending mergers he learned about at the bank to a plumber, who used the ...
Ex-Barclays Banker Charged With Passing Inside Information to Plumber  Wall Street Journal
Barclays Director Accused of Trading Tips for New Bathroom  Bloomberg
Shari Redstone has 'no desire' to run Viacom, says spokesperson
More volleys were exchanged Tuesday in the battle for control of media company Viacom Inc. as a representative of Shari Redstone denounced statements made this week by Viacom's lead independent board member.
Russia Box Office: 'Warcraft' Debuts With $10.4M  Hollywood Reporter
Shari Redstone Says Viacom Shareholders Want New Management  Bloomberg
Trump Makes Sense on Energy
Political markets are weird: They cry out for something and yet politicians, with their enslavement to conventional wisdom and careerist caution, are unwilling to supply it.
Trump is wrong on the Paris climate agreement. I know because I negotiated it.  Washington Post
Donald Trump's blustering, backward talk on fossil fuels  Minneapolis Star Tribune
US STOCKS SNAPSHOT-Wall St flat as energy offsets utilities' gain
NEW YORK May 31 The S&P 500 wrapped up its third straight month of gains on Tuesday on a flat note, as weaker energy shares were countered by a rise from Amazon and safe-haven utilities.
How the Dow Jones industrial average fared on Tuesday  Appeal-Democrat
US Stocks Higher in May  Yahoo News
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
Metro Denver home prices up 10 percent from previous year
Metro Denver home prices clung to a double-digit annual gain in March and month-over-month gains accelerated, according to the S&P/Case-Shiller Home Price Indices.
US Home Prices Jump as Supply Pinch Plays Out  Wall Street Journal
Higher home prices greet buyers at start of season  The Detroit News
Icahn Takes Big Stake in Allergan, Endorses Drugmaker's CEO
Billionaire investor Carl Icahn took a stake in Allergan PLC and threw his support behind the drug company's chief executive, Brent Saunders, in a departure from the activist's usual playbook.
Carl Icahn acquires 'large position' in Allergan, backs CEO  Reuters
Tweets on the Street: Icahn Bets on Botox, SodaStream Makes Home-Brewing Easier
Valeant to report first-quarter results on June 7
Valeant Pharmaceuticals Inc (VRX.TO) (VRX.N), which has come under scrutiny for its business and accounting practices, said on Tuesday it would host a conference call on June 7 to discuss first-quarter results.
Ex-Valeant CEO Gets Consulting Gig With Drugmaker
Valeant hands ex-CEO Pearson a severance package worth almost $12M  FiercePharma
SoftBank Will Sell at Least $7.9 Billion of Alibaba Stake
SoftBank Group Corp., the largest investor in Alibaba Group Holding Ltd., said it will sell at least $7.9 billion of its stake in the Chinese e-commerce giant to bolster its cash position and pay down debt.
Top Alibaba shareholder Softbank plans to sell $7.9 billion in stock  Reuters
SoftBank to Sell $7.9 Billion of Alibaba Stock  Wall Street Journal