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U.S. markets news

Amazon HQ2 contenders down to Chicago, 19 other cities
In their bid to land Amazon's HQ2, the city of Chicago and state of Illinois proposed 10 sites. Spanning the city and two suburbs, Mayor Rahm Emanuel said they "demonstrate the region's unparalleled potential to support Amazon's future growth.
Ranking Amazon's HQ2 short list: Analysis of the top 20 contenders, and ...  GeekWire
Amazon is considering LA and 19 other places for its second headquarters  Los Angeles Times
Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to US
SAN FRANCISCO - Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $252 billion in cash that it held ...
Apple Successfully Avoids $50 Billion in American Taxes  Gizmodo
Apple plans new US campus, to pay $38 billion in foreign cash taxes  Reuters
Emirates Offers A380 a Lifeline, Signing $16 Billion Deal With Airbus
The Airbus A380 lives on, for now. The Dubai-based airline Emirates threw a lifeline on Thursday to the A380, the world's largest passenger aircraft, putting in a $16 billion order for up to 36 of the planes to be delivered starting from 2020.
How Emirates Airline Just Singlehandedly Saved the Airbus A380  Fortune
Emirates hands A380 superjumbo a lifeline with $16 billion order  Reuters
Wells Fargo billing glitch infuriates customers
The bank apologized on Thursday for its latest embarrassment and said the "error" was fixed overnight. Wells Fargo promised to refund any related fees or charges.
Wells Fargo customers find accounts drained by mistaken double charges  Austin American-Statesman
Furious Wells Fargo customers say bank accounts drained, overdrawn by double ...  Charlotte Observer
Mulvaney asks Fed to withhold additional consumer bureau funding
The acting director of the Consumer Financial Protection Bureau asked the Federal Reserve on Wednesday to withhold additional funding from the agency for the second quarter of fiscal 2018.
Trump's consumer protection bureau has an odd budget request: Zero  CNBC
Mulvaney requests no funding for Consumer Financial Protection Bureau  Politico
Nestle Is Launching New KitKats and They're Made From Natural Ruby Chocolate
Nestle will sweeten Japan's Valentine's Day with ruby-chocolate KitKats, choosing one of the world's most candy-obsessed markets for the debut of the first new type of natural chocolate in more than 80 years.
Nestle to launch ruby chocolate KitKat in Asia  Reuters
Nestle is making a pink KitKat from ruby chocolate  CNNMoney
US housing starts fall; jobless claims hit 45-year low
WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.
US Jobless Claims Plunge to Lowest Weekly Tally Since 1973  Bloomberg
US Jobless Claims Fell Last Week to Near 45-Year Low  Wall Street Journal
Will General Electric Reveal More Bone-Crushing Pain for Investors?
On the chart of General Electric, Relative Strength and money flow both scream for investors to run for the hills. ByStephen Guilfoyle.
GE's $31 billion pension nightmare  CNNMoney
What Does General Electric Company (GE) Insurance Portfolio Review Spell Out ...  Smarter Analyst
OPEC's Casual Relationship With Hedge Funds
Historically, the oil exporters' club routinely blamed "speculators" for moving oil prices too far this way or that relative to fundamental supply and demand.
Oil strengthens after record stockpile draw at US crude hub  Reuters
Crude Oil Price Turns Higher on Big Inventory Draw  24/7 Wall St.
Fed Up With Drug Companies, Hospitals Decide to Start Their Own
For years, hospital executives have expressed frustration when essential drugs like heart medicines have become scarce, or when prices have skyrocketed because investors manipulated the market.
Ascension, SSM and others plan to develop generic drug company
Angered by high prices and shortages, hospitals will form their own generic ...  STAT