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U.S. markets news

Google's Paris office raided in tax fraud investigation
French police have raided Google's Paris offices as part of an investigation into “aggravated tax fraud” and money laundering allegations, authorities said Tuesday.
French Tax Raid On Google Will Run Headlong Into EU Single Market Law  Forbes
Google's chic Paris office was the site of a massive dawn raid by French ...  Quartz
Could Redstone Fire Viacom's CEO?
Viacom's board supports Philippe Dauman but they may not be able to stop Sumner Redstone from removing him. Email; Print; 0 Comments; Order Reprints.
Redstone Names Trustees  Multichannel News
Redstone Taps New Stewards for His Viacom, CBS Holdings  Wall Street Journal
Whole Foods bets big on urban Millennials
Whole Foods is opening its first 365 by Whole Foods Market store Wednesday in the Silver Lake neighborhood of Los Angeles. This is the first of several 365 stores the company has in the works.
10 Ways the New 365 by Whole Foods Store Is Different From Regular Whole Foods  Money Magazine
Whole Foods seeks to shed “Whole Paycheck” rap with new format  The Denver Post
US new home sales race to eight-year high, prices surge
WASHINGTON New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth that could allow the Federal Reserve to raises interest rates soon.
New-home sales jump to highest level in more than 8 years  CBS News
US New-Home Sales at Fastest Pace in Eight Years During April  Wall Street Journal
Oil turns positive as focus turns to US supply outlook
LONDON Oil reversed early losses to turn positive on Tuesday, as investors awaited crude oil inventory data from the United States that was expected to show a shrinking supply overhang.
Oil Advances as U.S. Crude Inventories Projected to Decline  Bloomberg
Why Oil Will Soon Bounce Back  Seeking Alpha
U of Chicago to create $50 million entrepreneurship center
CHICAGO (AP) - The University of Chicago plans to create a $50 million entrepreneurship and innovation center. The school announced late Monday that the center will be funded with a commitment of $50 million from University Trustee Michael Polsky, ...
New $35M donation expands Polsky Center at U of C  Chicago Sun-Times
UChicago Gets $35M to Expand Polsky Center for Entrepreneurship  Chicago Inno
Best Buy's online sales grew 24 percent in Q1, shares take a hit on soft guidance
Best Buy's first quarter saw sales and net income on the rise, but its stock tumbled in early trading Tuesday after the company warned of a potential financial hit coming in Q2.
Best Buy forecasts profit below estimates, shares plunge  Reuters
Best Buy Issues Soft Profit Outlook  Wall Street Journal
NY sues Domino's Pizza for alleged wage theft
U.S. fast food giant Domino's Pizza (DPZ) and three of its franchises could be required to pay employees a lot of dough if a newly filed New York lawsuit succeeds.
A Lawsuit Is Accusing Domino's Pizza of 'Rampant Wage Violations'  Fortune
Domino's Pizza Sued for Allegedly Cheating Workers on Pay  Bloomberg
Goodbye, empty nest: Millennials staying longer with parents
WASHINGTON - Many of America's young adults appear to be in no hurry to move out of their old bedrooms. For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the ...
More Young Adults Living With Parents Than a Romantic Partner  Wall Street Journal
Plurality of 18- to 34-year-olds live with parents: report  Washington Times
Verizon CEO: Strike May Hit Results
Verizon Communications Inc. hinted on Tuesday that the continuing labor strike may impact its second-quarter results. The strike, which began April 13, involves nearly 40,000 employees, primarily in its landline division.
Verizon May Use 5G Wireless for Nationwide Home Broadband  Fortune
Verizon to take pre-orders for Boston FiOS service, says city leaders ...  FierceTelecom