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U.S. markets news

OPEC may condemn the world to an oil glut for years
The Organization of the Petroleum Exporting Countries could flood the market with oil for years if it opts to do nothing to alter its output ceiling at a highly-anticipated meeting in June.
NYMEX crude down in Asia with U.S. rig count ahead  Nasdaq
Oil edges down but WTI set for record 10th week of gains  Reuters India
Bloomberg  
US Markets Close Lower: FOMC minutes Unable To Lift Markets
US Markets closed mostly lower in the trading session today on the back of the release of the FOMC minutes which are pointing towards the fact that a rate hike in June is highly unlikely.
Current Mortgage Rates Roundup for May 21, 2015  Selected Loans
The Dollar Will Remain The Key Consideration For The Fed  Seeking Alpha
CVS wagers billions on health care endeavor
A deal to buy Omnicare is one more step in pharmacy chain's bid to transform into a major health player. Share0 Tweet0 Reddit0 Email0.
CVS Health has efforts underway to acquire Omnicare  NYC Today
CVS Health to buy Omnicare in $12.7 billion deal  Boston Globe (subscription)
Merkel disses Greek PM's attempt to cut a deal
Greece's Prime Minister Alexis Tsipras Thursday gatecrashed a meeting on E.U. policy in eastern Europe in the hope that it would be easier to wring concessions out of a small number of key decision-makers rather than the massed ranks of his creditors.
German Chancellor Angela Merkel says there a 'whole lot left' to be ...  Fox News
Merkel says 'a whole lot left' to do on Greece bailout talks  Salon
Lumber Liquidators CEO unexpectedly quits amid safety probe
Lumber Liquidators Holdings Inc., under federal investigation over allegations that it sold toxic flooring, said Chief Executive Officer Robert Lynch unexpectedly resigned from his post.
Lumber Liquidators CEO resigns due to toxic flooring allegations against company  Maine News Online
Lumber Liquidators CEO Quits  Rapid News Network
Coal, medicine, trains top Tokyo's Asia infrastructure plan
Japanese Prime Minister Shinzo Abe speaks during a banquet of a symposium... (Shizuo Kambayashi/AP). � 1; �. TOKYO (AP) - Prime Minister Shinzo Abe's offer of $110 billion in fresh infrastructure financing for Asia is as much about Japan's agenda for ...
The Future of Asia 2015 Japan, China should try 'moratorium' to mend ...  Nikkei Asian Review
Mahathir tells Japan to use words--not force--to settle disputes  Asahi Shimbun
The fracking of US-Saudi relations
Chris Faulkner is lamenting public ignorance on fracking a few minutes into our conversation. “Ask the majority of people on the street what 'fracking' is and they'll say they don't really know, but that it's something negative,” the founder, chief executive and ...
Kingdom built on oil foresees fossil fuel phase-out this century  Financial Times
Bank of Japan holds rates as confidence edges higher
The Bank of Japan kept monetary policy on hold but tweaked its language to signal its growing confidence in the strength of the economy.
WRAPUP 3-BOJ slightly more upbeat on economy, Kuroda sees no need for ...  Reuters
Yen rises after Bank of Japan holds fire on further easing measures  Economic Times
Hong Kong Routs That Wiped Out $35 Billion Spur Oversight Calls
After $35 billion in market value was erased from three Hong Kong-listed companies over two days, investors are asking if the city's regulator should have done more to prevent the sudden selloff.
Goldin units mixed after plunge  Financial Times
China Hanergy's stock plunge puts passive investors in unwelcome spotlight  Reuters
Sluggish Sales Hurt Gap's Bottom Line
Gap reported an 8 percent decline in its first-quarter profit, hurt by currency fluctuations and persistent sluggish sales at its Gap and Banana Republic stores.
Gap Says Main Unit Has a Ways to Go  Nasdaq
Gap profit down 8 percent on currency fluctuations  SFGate