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U.S. markets news

US moves to levy tariffs on steel from South Korea, 8 other nations
The U.S. energy boom has boosted demand for steel tubes. Above, a view through tubing used in parts at a Reliance Steel & Aluminum subsidiary.
US Targets South Korea Over Steel  New York Times
UPDATE 3-US sets duties on South Korean steel pipe in about-face  Reuters
Minneapolis Star Tribune   Related articles »  
Biggest Weekly Loss Since April for S&P 500
But they still posted losses for the week, following a string of record highs and the Dow Jones Industrial Average's first time above 17000.
S&P 500 Has Worst Week Since April on Europe, Valuations  Businessweek
US STOCKS SNAPSHOT-Wall St ends up; indexes post losses for week  Reuters
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GM Hires Infiniti Chief de Nysschen to Head Cadillac
Johan de Nysschen takes over a Cadillac brand that is running well behind German luxury-car makers. Associated Press. General Motors Co.
General Motors Poaches Infiniti Chief De Nysschen To Revamp Cadillac  Forbes
General Motors taps Infiniti CEO as new president of Cadillac  Newsday
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US retailer wants to test-fly its new drones
WASHINGTON - Amazon, an American company which is world's largest online retailer, has asked aviation regulators for permission to expand drone testing outside its research laboratory to deliver packages by the remote controlled unmanned aerial vehicle ...
Amazon Asks FAA for Permission to Test Drones  Wall Street Journal
Why Amazon.com and Lorillard Soared Today  Motley Fool
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Investor Group Says Crumbs to Seek Sale in Chapter 11
Crumbs filed for Chapter 11 Friday with plans to sell itself to an investor group. Melanie Cohen. Days after abruptly closing its dozens of cupcake stores, Crumbs Bake Shop Inc. CRMB +60.41% Crumbs Bake Shop Inc. U.S.
Crumbs to be reopened by local investor, Dippin' Dots owner  Chicago Tribune
CNBC star Marcus Lemonis will buy Crumbs cupcake chain  New York Daily News
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Rate Debate Heats Up Among Fed Officials
A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S.
Endgame for World Cup, Fed Bond Buying  U.S. News & World Report (blog)
Rising bond yields point to rate rises  Financial Times
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Banco Espirito Santo: A Portuguese Disaster, Not A European Crisis
The ratings agencies Moody's and S&P have sharply downgraded the long-term debt ratings of the troubled Portuguese bank Banco Espirito Santo (BES).
Shares recover as investors bet problems in Portugal are isolated incident  Irish Independent
Markets tumble amid fears for Portugal's largest bank  The Times (subscription)
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Ex-Chief of Huge Pension Fund Guilty of Bribery
The former head of the nation's largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.
Former CalPERS CEO pleads guilty, admits to taking bribes  Los Angeles Times
Ex-California pension fund CEO pleads guilty in federal conspiracy case  Reuters
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Car-Hailing Service, Lyft, Postpones Its Debut in City
Hours before it was to begin operating in Brooklyn and Queens on Friday, a car-hailing company that relies on drivers to use their own vehicles to carry passengers said it was delaying its New York debut, capping a day of legal tussles with city and state ...
Lyft's NYC debut postponed -- voluntarily or by force?  CNET
Lyft Delays Launch After NY State Objects  Wall Street Journal
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Possible Merger of Tobacco Giants Raises Questions
July 11 (Bloomberg) -- Stanford University's Robert Proctor and Bloomberg's Tara Lachapelle comment on Reynolds American being in talks to acquire rival Lorillard.
Tobacco shake-up likely as merger talks begin  Irish Independent
Merger to reshape Big Tobacco  Irish Times
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