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U.S. markets news

Facebook, a year after IPO
After a market debut marred by technical glitches and a deep dive in the company's stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social network.
Facebook still has a selling job ahead, despite bold moves  Globe and Mail
The Most Important Thing Facebook Did This Year  CNBC.com
Wall Street Journal   Related articles »  
Dow, S&P end at records, stocks mark fourth week of gains
By Leah Schnurr. NEW YORK | Fri May 17, 2013 6:01pm EDT. NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up ...
US Stocks In Broad Rally, Fueled By Strong Economic Data  Wall Street Journal
Dow, S&P 500 end week with record highs - USA Today  USA TODAY
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Gas Export Approval Not Seen Signaling US Permit Flood
The conditional approval of a natural gas export terminal in Texas doesn't necessarily open the floodgates for overseas sales as the U.S.
US Approves Expanded Gas Exports  Wall Street Journal
UPDATE 3-US ends freeze on new natural gas exports, approves Texas terminal  Reuters
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European car sales rise slightly in April
In April, for the first time in 18 months, monthly new auto registrations in Europe increased. The European Automobile Manufacturers' Association said Friday April registrations in the 27-nation European Union climbed nearly 2 percent, from 1.02 million to ...
Fiat, Peugeot Miss Out as Europe Auto Sales Gain  Businessweek
Europe Car Sales Post First Gain in 19 Months on Germany  Bloomberg
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Tesoro is cleared to buy BP's Carson refinery, Arco stations
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players - Tesoro and Chevron ...
FTC Clears Tesoro Purchase of BP Refinery  Wall Street Journal
Tesoro wins antitrust OK to buy California BP refinery  Reuters
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California jobless rate falls to 9%
No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000.
NM, 39 states post jobless rate drop  Albuquerque Journal (subscription)
Lufkin, Angelina jobless rates see little change in April from prior month  Lufkin Daily News
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Lew Orders Review of IRS Systems After Groups Scrutinized
U.S. Treasury Secretary Jacob J. Lew said he learned in general terms about a probe into IRS screening of tax-exempt groups in March and now has ordered agency officials to deliver within 30 days a plan to correct any �systemic� shortcomings.
US wins breathing space on debt ceiling  Financial Times
No Debt-Limit Showdown Before Labor Day  Wall Street Journal
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US jobless claims jump 32000 to 360000
WASHINGTON (MarketWatch) - The number of people who applied for new unemployment benefits surged by 32,000 to 360,000 in the week ended May 11, putting jobless claims at the highest level in a month and a half, according to the U.S.
Jobless claims jump to 6-week high as the sequester is beginning to hurt economy  Examiner.com
Initial jobless claims jump to 360000, most since March  Los Angeles Times
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Fed has not lowered interest rates enough: Kocherlakota
By Ann Saphir. CHICAGO | Fri May 17, 2013 3:25pm EDT. CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and ...
Fed's Kocherlakota Sees No Benefit to Financial Stability From Tighter ...  Wall Street Journal
Bulls Will Drive Market but Bernanke Is Steering  CNBC.com (blog)
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Tumblr In Talks With Yahoo; Facebook And Microsoft Also Said To Be Circling
According to multiple reports (the first coming from All Things D), the social blogging site is in serious talks with Yahoo Yahoo, which is looking to secure a strategic investment, partnership or even an outright acquisition.
Yahoo in Talks to Acquire Tumblr  Adweek
Yahoo schedules event for May 20, to unveil 'something special' ...  IBNLive
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