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U.S. markets news

China manufacturing contracts at a slower pace
China's manufacturing activity contracted for a fourth month in April but at a slower pace, according to HSBC. The bank's flash - or preliminary - purchasing managers' index (PMI) rose to 48.3 in April from a final reading of 48 in March - 50 is the dividing line ...
China factory activity shrinks for 4th month  Irish Times
China factory activity shrinks for fourth month, but pace of decline slows  Reuters India
Economic Times   Related articles »  
Allergan fights back in pharma deals frenzy
Battle lines were being drawn in the dealmaking frenzy gripping the global pharmaceuticals industry as the maker of Botox moved to block a near-$50bn takeover offer, after Novartis and GlaxoSmithKline announced plans for a multibillion-dollar asset swap.
Valeant, Ackman sign deal to acquire Botox-maker Allergan for $45bn  Pharmaceutical Business Review
Wall Street's bull market starts to shows its age
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Aussie Slides on CPI; Dollar Near 2-Week High Versus Yen
A shopper walks past a Coles supermarket, operated by Wesfarmers Ltd., in Sydney. The trimmed mean gauge of Australian consumer prices was 2.9 percent in the first quarter from a year earlier, up from 2.6 percent in the previous three months, according to ...
FOREX -Aussie slides on inflation data, other major currencies subdued  Reuters
Asian stocks flat after China PMI meets expectations  NDTV
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IRS employees with tax and conduct issues still got awards, watchdog report finds
IRS employees who had been disciplined for tax and conduct issues were nonetheless rewarded with monetary awards or time off, according to a watchdog report released Tuesday.
IRS gave bonuses to employees who owed back taxes, and that's not all  Washington Post
Delinquent IRS employees paid bonuses by the agency  KY3
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Earnings, corporate deals lift stocks
NEW YORK - Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday. Allergan surged after Valeant Pharmaceuticals said it had teamed up with activist investor Bill Ackman to make a bid for the Botox ...
Earnings give Wall Street sixth straight gain  Independent Online
Deals and Solid Earnings Lift Shares  New York Times
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McDonald's sees no run for border at breakfast
The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m.
McDonald's misses target as quarterly earnings dip 5%  Financial Times
McDonald's earnings sag  Medill Reports: Chicago
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Existing home sales hit slowest pace since 2012. Why analysts aren't worried. (+ ...
The US housing market has cooled over the past several months, hampered by high mortgage rates and (like everything else), an unusually bad winter.
Existing home sales slip to 20-month low  Longview News-Journal
March home sales in Chattanooga, nation slip but prices still rise  Chattanooga Times Free Press
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Weak Treasury Sale Leaves Fed Dealers With Most Notes Since May
The U.S. sold $32 billion of two-year notes at a higher-than-forecast yield, leaving the Federal Reserve's primary dealers, which are obliged to bid in Treasury sales, with their biggest share of the auction in almost a year.
Demand for Fed Reverse Repos Rises as Treasury Cuts Bill Supply  Bloomberg
2-Year Auction Yield Nears Highest Level Since 2011  Investor's Business Daily
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AT&T Profit Gains as Users Opt for Smartphone Installment Plans
AT&T Inc. (T) is getting a profit boost thanks to customers who opted to pay full price for smartphones, rejecting discounts that require two-year contracts.
Strong revenue growth more proof of AT&T transformation  Dallas Morning News
AT&T first quarter revenues highest in two years  Android Community
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JetBlue Airways' Pilots Vote to Join Union
Most of JetBlue's 2,529 pilots participated in the vote, and 71 percent of them voted to unionize. Credit Brendan Mcdermid/Reuters.
JetBlue pilots vote for first time to unionize
JetBlue pilots to join union; appeals court critical of execs' convictions  Washington Post
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