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U.S. markets news

March new home sales plunge 14.5%
Sales of new single-family homes dropped sharply last month, falling 14.5% to their weakest level since mid-2013, the Census Bureau said Wednesday.
US new home sales dive to eight-month low in March  Reuters
US New-Home Sales Plunge 14.5% in March  Wall Street Journal
Los Angeles Times   Related articles »  
GLOBAL ECONOMY-US, euro zone activity up; China decline slows
(Adds U.S. factory activity data, New York dateline). * Chinese factory activity shrank again in April. * Euro zone businesses enjoy best month in nearly three years.
US, euro zone activity up; China decline slows  Chicago Tribune
US Markit Flash April PMI Stands at 55.4 as Output Rises  Wall Street Journal
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IRS paid 1100 of its employees bonuses although they owed back taxes
WASHINGTON -- Failure to pay taxes usually is bad news for most Americans, but apparently not for some employees of the Internal Revenue Service �- they received performance bonuses from the agency despite failing to submit what they owed.
IRS Employees Act Up, Don't Pay Taxes But Still Get Bonuses---IRS Gone Wild?  Forbes
Huh? IRS Awarded $1 Million in Bonuses to Employees Who Owed Back Taxes  Entrepreneur
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Market Hustle: Stocks Weak After Tepid China Data, Drop in U.S. Home Sales
NEW YORK (TheStreet) -- Major U.S. stock markets were slipping Wednesday amid tepid Chinese economic data and a 14.5% drop in new-home sales.
Procter & Gamble Profit Rises On 6% Boost In Home Care Products  Forbes
P&G's Lafley Progresses on Cost Cuts With Sales Gain Elusive (1)  Businessweek
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US STOCKS-Wall St edges lower following six-day S&P rally
... Stocks. * S&P 500, Nasdaq coming off six-day winning streak. * Boeing rallies after results, outlook; AT&T drops. * Biotech shares lower after results, but Gilead gains.
Stocks slip as earnings, disappointing home sales weighed
US stocks fall; PMI, home sales disappoint  MarketWatch
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UPDATE 3-Delta Air profits rise, stronger outlook boosts shares
... Stocks. * Adjusted Q1 profit 33 cents/share Vs 29 cents estimate. * Operating margin to expand in current quarter. * Shares up 5 percent as other airlines gain.
Delta profit soars, stock cleared for takeoff  USA TODAY
Despite cancelling 17000 flights, Delta profit rises on fees and fares  Newsday
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Allergan Owners Left Wanting More From Valeant: Real M&A
Boxes of Allergan Inc. Botox cosmetic are arranged for a photograph at a doctor's office in Manhattan Beach, U.S. Valeant is offering Allergan investors $48.30 in cash and 83 percent of a Valeant share for each one of Allergan.
Hostile Allergan bid: Cramer hopes Ackman whiffs
Ackman OK With Allergan Poison Pill, Warns Co. To Do 'Right Thing for ...  FINalternatives
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Boeing's Profit Slides on Pension Costs
Employees in South Carolina work on a 787 Dreamliner for Air India at the plant's final assembly building. Reuters. Boeing Co.
Boeing raises 2014 profit forecast  BBC News
Boeing's Profit Slides on Pension Costs -- 2nd Update  NASDAQ
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Canada to phase out old rail tank cars in 3 years
TORONTO - Canada says it will require a three-year phase out of the type of tank cars involved in the Quebec train derailment last summer that killed 47.
Canada moves ahead of US in phasing out old oil rail tank cars  Reuters Canada
Canada to strengthen rail-safety rules, report says  Reuters
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Biogen raises outlook as new MS drug again tops forecasts
(Reuters) - Biogen Idec Inc (BIIB.O) on Wednesday reported a higher first-quarter profit as sales of its new Tecfidera multiple sclerosis drug extended a run of eclipsing Wall Street sales expectations, and the U.S.
Biogen Idec Q1 Profit Up 12%, But Misses Estimates; Lifts FY14 View  NASDAQ
Biogen raises forecast as 1Q profit climbs 12 pct
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