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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
South Korea dumped underpriced steel products in US, officials say  Minneapolis Star Tribune
Reuters   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 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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Tobacco shake-up likely as merger talks begin
Marinne Geller and Kate Holton. Published 12/07/2014|02:30. 0 Comments; Share. US cigarette maker Reynolds American is in talks to acquire rival Lorillard in a multi-billion dollar deal.
Possible Merger of Tobacco Giants Raises Questions  Bloomberg
Merger to reshape Big Tobacco  Irish Times
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Cynk Technology's Valuation Defied Gravity Without Revenue, Rousing SEC
How can a social network that no one has ever heard of suddenly be valued at more than $6 billion? The SEC wants answers and has suspended trading in onetime penny stock Cynk Technologies.
SEC halts trade in Cynk over possible stock manipulation  GlobalPost
UPDATE 3-SEC halts trade in Cynk over possible stock manipulation  Reuters
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Wells Fargo profit increases 3.8% as home lending regains traction
Wells Fargo's focus on Main Street business and its No. 1 position in mortgage lending were displayed as it kicked off the bank earnings season with a 3.8% increase.
Wells Fargo Profit Rises Despite Drop in Revenue  New York Times
UPDATE 2-Wells Fargo's focus on energy shows growth strategy  Reuters
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