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U.S. markets news

US Says It Will Impose Duties on Steel Pipes From 8 Countries
WASHINGTON - The Commerce Department declared Friday that South Korean steel companies and those in seven other countries were illegally dumping low-cost steel pipes and tubing into the American construction market and would be subject to ...
US gov't sets duties on steel pipe from Korea  Washington Post
US Plans Tariffs on Korean Steel Pipe Because of Alleged Unfair Pricing  Wall Street Journal
Los Angeles Times   Related articles »  
US STOCKS SNAPSHOT-Wall St ends up; indexes post losses for week
NEW YORK, July 11 (Reuters) - U.S. stocks rose slightly on Friday, but the S&P 500 posted its biggest weekly percentage decline since April as investors showed tepid enthusiasm after their first glimpses of earnings.
S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX Venture ...  Wall Street Journal
Stocks stabilize, but end down for the week  Chron.com
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Reynolds and Lorillard to reshape Big Tobacco with merger
Reynolds American and Lorillard confirmed on Friday that they were working on a merger that will reshape Big Tobacco by bringing together two of the three largest US operators with a combined market capitalisation of $56bn.
How Disruptive Technology Is Spurring Tobacco Merger Talks  New York Times
Reynolds, Lorillard Merger Would Make for a Good Match  Barron's
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Cynk Tech shares halted on concern over possible manipulation
(Reuters) - Trading in shares of Cynk Technology Corp (CYNK.PK) was suspended Friday in the loosely regulated over-the-counter market, amid concerns about possible market manipulation after a 24,000-percent surge in the stock price in the last month.
Those who shorted CYNK forced to watch and wait  CNBC.com
Cynk Tech has no assets, no revenue, and $4.5B value. Wait, what?  Christian Science Monitor
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Espirito Santo turmoil rocks confidence in Europe's banking recovery
The Espirito Santo saga is giving believers in the end of the euro-zone crisis cause for pause. Although a return to the panic days of the crisis may be unlikely, the case, involving the inability of a parent company of a bank in Portugal to make some short-term ...
Analysts Question Hysteria Surrounding Portugal's Banco Espirito Santo  Forbes
Moody's, S&P Downgrade Banco Esp´┐Żrito Santo  Wall Street Journal
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Amazon wants to expand drone tests
Amazon is seeking permission from US regulators to test its delivery drones near Seattle, as part of a rapid expansion of a programme that has sparked widespread debate over the safety and privacy implications of drone technology.
Amazon Seeks FAA Permission to Test Drones  ABC News
FAA Intimidates Coldwell Banker And Other Realtors Into Shunning Drone ...  Forbes
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Lyft's NYC launch of ride-sharing service hits roadblock
NEW YORK (Reuters) - Ride-sharing service Lyft Inc faces a roadblock in launching its car service in New York City after authorities on Friday sought to prevent it from operating in the state.
NY attorney general sues to stop ride-sharing Lyft  Wall Street Journal
Uber Competitor Lyft Delays NY Start After State Sues  Businessweek
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Munis Cheapest to Treasuries Since March Amid Biggest '14 Exodus
Municipal bonds are the cheapest in four months relative to Treasuries as speculation that debt from Puerto Rico will default spurs the biggest exodus from local-debt mutual funds since January.
WRAPUP 1-Puerto Rico bonds cap turbulent week with mild price rise  Reuters
Puerto Rico Luring Hedge Funds on Record Price Drop: Muni Credit  Bloomberg
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Fed's Lockhart says exit policy mix not set
JACKSON Wyoming (Reuters) - Atlanta Federal Reserve President Dennis Lockhart said on Friday the U.S. central bank had not decided on its exact mix of tools to manage interest rates in the future but that interest on excess reserves would likely play a ...
Fed Presidents Differ on Timetable for Raising Interest Rate  Businessweek
Fed's Evans: Inflation Over 2% Not Necessarily a Catastrophe  Wall Street Journal (blog)
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Wells Fargo's focus on energy shows growth strategy
NEW YORK (Reuters) - Wells Fargo & Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.
Wells Fargo, Citi, BofA Dodge Miami Discrimination Lawsuit  Zacks.com
Wells Fargo's Earnings: The Highlights & Lowlights  Bloomberg
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