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U.S. markets news

Larry Fink Talks the Talk But Neglects the Walk
In 2014, BlackRock Inc. CEO Larry Fink, in his first missive to top CEOs, implored business leaders to think long term. Specifically, he called on them to stop using so much cash on stock-boosting buybacks and invest in growth instead.
World's largest money manager to CEOs: You must do good for society  Washington Post
raceAhead: BlackRock's Laurence Fink Would Like A Word With Your Boss  Fortune
Wall Street Journal  
More than 20 states are suing the FCC over its net neutrality decision
Twenty-one states, the District of Columbia and several public interest groups filed the first major lawsuits Tuesday to block the repeal of the Federal Communications Commission's net neutrality rules, marking the start of a high-stakes legal battle ...
Flurry of Lawsuits Fight Repeal of Net Neutrality  New York Times
21 states sue to keep net neutrality as Senate Democrats reach 50 votes  Reuters
Health-conscious Nestle sells US candy to Ferrero for $2.8 billion
LONDON/MILAN (Reuters) - Swiss food group Nestle (NESN.S) has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards ...
Nestle is selling its US candy business to Ferrero for about $2.8 billion  USA TODAY
Nutella Maker to Pay $2.8 Billion for Nestle US Candy Unit  Bloomberg
Bitcoin falls 25 percent to $10200 on Bitstamp exchange
SYDNEY (Reuters) - Bitcoin had lost a quarter of its value in early Asian trading on Wednesday as fears grew of a regulatory crackdown after reports that South Korea's finance minister said banning trading in cryptocurrencies was still an option ...
Bitcoin Fall Extends to 25% as Fears of Crypto Crackdown Linger  Bloomberg
Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are ...  CNBC
General Electric Company (GE) Capital Charge Is Problematic on Many Levels
Cowen's Gautam Khanna pinpoints "at least" three big concerns arising from General Electric's divested insurance portfolio review massive after-tax charge.
At GE, $6.2 Billion Charge for Finance Unit Hurts CEO's Turnaround Push  New York Times
GE reignites break-up talk after $11 billion insurance, tax hit  Reuters
SEE IT: Man claims he was barred from boarding British Airways flight after ...
British Airways may appreciate your patronage, but you better check your antics at the gate. Ryan Carney Williams, known on Twitter as Ryan Hawaii, drew eyes from every corner of the internet after sharing a harrowing airline experience during which he ...
Passenger wearing 8 pairs of pants, 10 shirts blocked from flying  SFGate
This Guy Put on Ten Layers of Clothes When He Was Unable to Pay a Bag Fee  VICE
Dow Finishes Lower After Surpassing 26000; S&P 500 and Nasdaq Also Decline
The Dow Jones Industrial Average broke through 26,000 on Tuesday, but ended the day with a small loss. The S&P 500 and Nasdaq also finished lower.
Dow Jones gives up 26000 as huge rally fades  CBS News
401(k) investors: Is Dow 26000 a sign that stocks are getting risky?  USA TODAY
McDonald's sets goal of recycling, 100% sustainable packaging by 2025
McDonald's announced Tuesday that it has set two ambitious environmental goals that it wants to achieve by 2025. The fast food giant wants to have 100% of its customer packaging come from renewable, recycled, or certified sources and have recycling ...
McDonald's expands goals on sustainable packaging  Nation's Restaurant News
McDonald's sets recycling goals for 2025  STLtoday.com
Consumer watchdog considering repeal of payday lending rule
NEW YORK - The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders.
Consumer bureau takes first step to revising payday lending rule  The Hill
Trump's CFPB to Rewrite Rule That Cracked Down on Payday Lenders  Bloomberg
Juno Therapeutics Surges on Report of Celgene Deal Talks
Juno Therapeutics Inc. surged in after-hours trading after the Wall Street Journal reported that Celgene Corp. was in talks to buy the Seattle-based drugmaker.
Celgene is reportedly in talks to buy Juno Therapeutics  CNBC
Deal Buzz Sends Juno Shares Soaring  TheStreet.com