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U.S. markets news

Halliburton, Baker Hughes Abandon $28 Billion Merger Agreement
Halliburton Co. and Baker Hughes Inc. called off their $28 billion merger that faced stiff resistance from regulators in the U.S. and Europe over antitrust concerns.
Halliburton and Baker Hughes scrap $28 billion merger  Reuters
Halliburton, Baker Hughes $28 Billion Merger Put Out Of Its Misery  Seeking Alpha
FuelFix (blog)  
Yen hits 18-month high vs dollar as Japan seen in policy bind
SYDNEY/TOKYO The yen touched a fresh 18-month high against the greenback early on Monday after its biggest weekly gain in over seven years as traders bet that Tokyo policymakers have limited capacity to stem the yen's gains.
Japanese Stocks Fall Sharply in Morning  Wall Street Journal
Japanese yen soars to fresh 18-month high against the dollar  MarketWatch
Puerto Rico to default on $370M debt payments
SAN JUAN, Puerto Rico -- Gov. Alejandro Garcia Padilla announced that Puerto Rico's government will not make nearly $370 million in bond payments due Monday after a failure to restructure or find a political solution to the U.S.
Puerto Rico to Miss Largest Payment to Date  New York Times
Q&A: Puerto Rico's Debt Crisis Explained  ABC News
China Factory Stabilization Shows Little Need for Added Stimulus
With new data suggesting that China's economy stabilized in April amid a property recovery and credit surge, analysts say there is little need for stepped-up monetary easing in the immediate future.
GLOBAL ECONOMY-Asia's factories stay sluggish, stimulus lacks traction  Reuters
European Shares Seen Subdued As Dollar Extends Losses  Nasdaq
Chinese appear underwhelmed by Under Armour knock-off
Chinese sports brand Uncle Martian's logo has been criticised for being too similar to that of Under Armour's. Photo: AFP.
Chinese knockoff brand Uncle Martian looks exactly like Under Armour  Washington Post
Under Armour Knockoff Brand Causes Uproar  Footwear News
When Should You File For Social Security Benefits?
Retirees often struggle with the complexity of deciding if it is worth delaying social security payments to receive a larger benefit.
3 Reasons We Need Congress to Save Social Security  mySanAntonio.com
Social Security questions and answers  Montgomery Advertiser
US Production Not Responding To Higher Oil Prices...Yet
At the peak for drilling activity in the United States, Baker-Hughes tallied 1,609 rigs operating in the US. As of today's report, that number is down to 332, a fresh low, despite a huge uptick in prices since the low back in February.
US Natural Gas Rig Count Tests New Lows  Market Realist
Weekly US Oil-Rig Count Falls by 11  Wall Street Journal
South Carolina officials search records for foam's use
COLUMBIA, S.C. (AP) - South Carolina is one of a dozen states beginning to investigate whether a toxic firefighting foam that could be linked to groundwater contamination was ever used in the state.
Most states do bare minimum on fire-foam contamination  WEAU
Most states, including Illinois, don't track toxic foam use  Chron.com
Hotel planned for Navy Pier, mayor says
Chicago-based First Hospitality Group will develop and operate the hotel, which is slated to open in late 2018. (WLS). Embed. <iframe width="476" height="267" src="http://abc7chicago.
City announces plans for Navy Pier hotel  SFGate
Navy Pier to get 200-room, $90 million hotel project  Crain's Chicago Business
Consumers uncertain about the future
WASHINGTON -- American consumers were a bit more downbeat in April. The University of Michigan said Friday that its index of consumer sentiment slid to 89 in April from 91 in March.
The most underappreciated fact of the election: Americans feel good about ...  Washington Post
US Consumer Sentiment Fell as Caution Continued  Wall Street Journal