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U.S. markets news

Internet Customers Surpass Cable Subscribers at Comcast
The Internet is taking over television. That shift is occurring at Comcast, where the number of people who subscribe to the company's Internet service surpassed its total video subscribers for the first time during the second quarter this year.
Comcast Broadcasting Strong Value Signals After Q1 Earnings Beat  Seeking Alpha
Comcast To Speed Up X1 Rollout, No Rush For National OTT Play  Investor's Business Daily
Fortune  
Pimco fund loses crown to Vanguard
Turmoil sparked by the sudden exit of Bill Gross last September has cost the Pimco Total Return Fund its title as the world's largest bond mutual fund, after another month of withdrawals in April.
5 Things You Didn't Know About the World's Biggest Bond Fund  TIME
Vanguard beats Pimco as world's biggest bond fund  CNNMoney
Yellen Says Justice Department Investigating 2012 FOMC Leak
Federal Reserve Chair Janet Yellen said the U.S. Department of Justice has joined an investigation into a leak of confidential monetary-policy information in 2012.
Fed's Yellen says met firm at heart of leak probes  Reuters
Yellen: Fed Providing Lawmakers With Names of Staffers in Leak Probe  Nasdaq
Wall Street ends on upbeat earnings from Berkshire, Cognizant
(Reuters) - Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.
US Stocks Close Higher  Wall Street Journal
S&P 500 Closes Near Records on Anticipation of Snapback  TheStreet.com
Cisco Names Charles Robbins to Succeed CEO John Chambers, Part of ...
After 20 years of running Cisco Systems, John Chambers is stepping down as chief executive of the networking equipment maker. But he isn't going far.
End of an Era for Cisco May Look Similar to Start of Next One  Bloomberg
Cisco CEO John Chambers not quite stepping down  San Francisco Chronicle
Factory Report Shows Increase in Orders and Investment
WASHINGTON - Orders to United States factories rose in March for the first time since July, breaking a long stretch of weakness. Orders increased 2.1 percent after seven monthly declines, the Commerce Department reported Monday.
At AP, 1.9 Percent 2nd-Quarter Growth Would Be 'A Significant Rebound'  NewsBusters (blog)
Factory orders marked promising gains in March  Business Record
Supreme Court will hear appeal on energy conservation rule
WASHINGTON - The Supreme Court said Monday it will hear a dispute over a regulation that offers financial incentives to factories, retailers and other large electricity users to reduce their power consumption.
Supreme Court to Review FERC Energy-Saving Rule  Wall Street Journal
Supreme Court to rule in pair of cases involving federal energy regulation  JURIST
Film students, professors say state should keep tax credit
BOSTON (AP) - Film students and professors from more than a dozen colleges and universities in Massachusetts came to the Statehouse Monday to urge lawmakers to keep the state's film tax credit, saying helps boost their job prospects.
Bolstered by poll, film students urge retention of tax credit  Berkshire Eagle (subscription)
McDonald's CEO turnaround plan's missing link: customers
May 4 (Reuters) - McDonald's new chief executive's turnaround plan for the fast-food chain included specific financial fixes, but left investors and analysts craving a clear strategy to win back diners and boost sales.
McDonald's knows you don't eat there anymore, and it has a plan to ...  Washington Post
McDonald's first turnaround steps aren't about food  Marketplace.org
Banking economist: Conditions not strong enough to raise interest rates
One key person with a voice in U.S. monetary policy said he is taking a cautious approach to raising interest rates and said he advocates no increase until early next year.
UPDATE 1-Fed's Evans: rate hikes could start sooner, if kept slow  Reuters
Fed's Evans says U.S. rate hike on table at each meeting  TODAYonline