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U.S. markets news

Oil dips after hitting $50/bbl as glut worries resurface
NEW YORK Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.
Those Who Were Bullish on Oil When the Market Was Bearish  Wall Street Journal (blog)
Oil Slips After Hitting $50 a Barrel  Nasdaq
Market Realist  
Hackers Stole From Bangladesh Commercial Bank Three Years Ago
DHAKA, Bangladesh—Investigators probing the heist of $81 million from Bangladesh's account at the Federal Reserve Bank of New York in February were surprised to find a cold case from three years ago in which hackers stole a quarter of a million ...
Swift Hack Probe Expands to Up to a Dozen Banks Beyond Bangladesh  Bloomberg
Up to a dozen banks are reportedly investigating potential SWIFT breaches  Computerworld
Apple's Flirtation With Time Warner Hints at Hollywood Ambitions
Even if Apple Inc. never made an actual move to buy Time Warner Inc., a tentative approach shows that the iPhone maker is serious about getting into media content.
Rethinking Apple's Recipe for Success  New York Times
Report: Apple considered buying Time Warner, owner of HBO and CNN  TechHive
Faraday Future seeks approval to build electric cars in California
Faraday Future, the Gardena-based electric car company, is eager to begin building its battery-electric vehicles in California. Having broken ground only a month ago on a $1-billion car factory in Nevada, Faraday could add a Vallejo facility to its ...
Tesla Motors Rival Faraday Future Eyes New Factory in California  Bidness ETC
Faraday Future Will Continue Cloning Tesla With Development Of A Bay Area ...  Jalopnik
How Viacom Could Have Avoided Its 'Game of Thrones' Leadership Saga
Sumner Redstone's iron grip on power is nothing new. Facebook, Alibaba, Amazon, take note. While Viacom's raging succession battle surrounding owner Sumner Redstone is as compelling as the company's TV dramas, the script is not new.
Viacom Directors Add Redstone's Great-Grandchildren to Suit  New York Times
Viacom CEO Dauman seeks trial by end-Sept over Redstone trust  Reuters
US durable goods orders surge; weekly jobless claims fall
WASHINGTON Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from ...
Orders for U.S. Capital Goods Unexpectedly Fall for Third Month  Bloomberg
US durable goods orders up, but business investment slips  Money Morning
McDonald's CEO Says No Plans to Replace Workers With Robots Yet
Promises there will always be a “human element” to the restaurants. U.S. restaurant operators would probably not replace workers with robots if they had to pay the $15 hourly wage demanded by protesters, McDonald's MCD 0.37% Chief Executive Officer ...
McDonald's leaves door open for move to downtown Chicago  Chicago Tribune
McDonald's Ex-CEO Is Right When He Says A $15 Minimum Wage Would Lead To ...  Forbes
Bayer's Room to Increase Monsanto Bid Is Limited -- WSJ
FRANKFURT -- Bayer AG said it remained committed to its pursuit of Monsanto Co., but the U.S. seed-and-pesticide giant's rejection of its $62 billion takeover offer may leave little room for maneuver.
Stocks close mixed; banks and chemical firms slide  Los Angeles Times
Dealpolitik: Bayer, Monsanto Lovefest May not Last  Wall Street Journal (blog)
Snapchat expands investor base as it grabs $1.3 billion in funding
Snapchat Inc. has broadly expanded its shareholder base over the last year, going far beyond the few venture capitalists who bankrolled the Venice firm when it was merely an app for sharing self-destructing photos.
Snapchat raised $1.8B in a Series F round; leaked deck reveals revenues ...  TechCrunch
Snapchat closes $1.8 billion funding round  USA TODAY
Pending US home sales hit highest level since February '06
WASHINGTON (AP) - Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade.
US pending home sales jump to highest level since early 2006  Reuters
Pending Home Sales Lift Off in April to Over 10-Year High  PR Newswire (press release)