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U.S. markets news

LA billionaire's investment could sink Gannett bid for LA Times owner
In the battle for control of Los Angeles Times parent Tribune Publishing, two health tech investors look to be the likely winners, while a massive newspaper company may walk away empty-handed.
Doctor's Stake in Tribune Is to Preserve 'Public Trust'  New York Times
Tribune gets $70.5 million investment, rejects Gannett offer  Reuters
Ares Capital to buy American Capital in deal valued at $3.4 billion
Specialty finance company Ares Capital Corp (ARCC.O) agreed to buy smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion, aiming to capture a bigger share of lending to mid-sized firms as big banks turn cautious.
American Capital agrees to a pair of deals to sell itself for a total of $4 ...  Washington Post
Deal! American Capital Sells to Ares Capital  Motley Fool
Sports Authority shutting down with giant going-out-of-business sale
Sports Authority, in planning to close all of its stores,is set to launch its going-out-of-business sales this week, according to court documents.
Sports Authority closing; Glenwood Meadows owner hopes for new major sports ...  Glenwood Springs Post Independent
Englewood grappling with likely loss of Sports Authority corporate HQ  The Denver Post
PRECIOUS-Gold holds near 3-1/2 week low as US rate hike outlook drags
... * Bullion hit by prospect of Fed hike sooner rather than later * Could fall below $1,200 in next couple of months - analyst * Palladium marks lowest in nearly 6 wks, silver in five weeks (Updates prices) By Vijaykumar Vedala BENGALURU, May 24 Gold ...
Fed's Harker Sees Two to Three Hikes in 2016 as Prices Gain  Bloomberg
Getting High on Interest Rates: What's New at the Fed  Huffington Post
EFG's BSI Takeover Approved by Finma After Money Launder Breach
EFG International AG's takeover of BSI was approved by Swiss regulator Finma after the watchdog found that BSI had acted in serious breach of money-laundering rules in connection with Malaysia's 1MDB fund.
Swiss bank probed in connection with Malaysia fund scandal  Washington Post
Singapore Orders Swiss Private Bank BSI's Local Unit to Cease Operations  Wall Street Journal
Expo Line, meet the real world: A car on tracks, a broken-down train
Los Angeles County commuters who woke up early Monday morning to ride the new Expo Line extension quickly encountered one of the ugly realities of the Los Angeles public transit system: its proximity to traffic.
LA's rail extension adds car-free options for visitors  USA TODAY
Metro Opens Rail Line, Driver Crashes Into It  LA Magazine
Asian stocks near 11-week lows, dollar bounces on Fed rate view
HONG KONG Asian shares stumbled to near 2-1/2-month lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S.
Asia Shares Retreat on Falling Commodities Prices, Fed Rate Uncertainty  Wall Street Journal
Japan Resumes Intervention Drumbeat After Yen's Best Day in May  Bloomberg
Court Tosses Crisis-Era Fraud Fine -- WSJ
An appeals court dealt the Obama administration a major setback in its efforts to levy tough fines on corporations and executives, overturning a civil mortgage-fraud case against Bank of America Corp.
BofA $1.3 Billion 'Hustle' Judgment Tossed by Appeals Court  Bloomberg
Penalty Against Bank of America Overturned in Mortgage Case  New York Times
Sony sees near-flat growth in annual profit as quake damage weighs
TOKYO May 24 Japan's Sony Corp said on Tuesday it expects operating profit to rise just 2 percent in the year through March 2017, weighed down by damage from deadly earthquakes that halted production at its image sensor plant in Kumamoto.
Russia Box Office: 'X-Men: Apocalypse' Roars to $6.3M  Hollywood Reporter
Sony Sees Near-Flat Growth in Annual Profit Due to Quake Damage  Fox Business
Here's What You'll Pay for Gas This Memorial Day Weekend
AAA expects more than 38 million Americans will travel this Memorial Day weekend. Gas prices during the busy Memorial Day weekend will likely be the lowest since 2005, according to the latest projections from the American Automobile Association.
AAA Carolinas expects record Memorial Day travel by North Carolinians  Winston-Salem Journal
Gas prices climb in South Dakota  Rapid City Journal