Money & Finance

USA TODAY UPDATE 1-New York regulator says Anbang pulls Fidelity acquisition application Reuters ... * Fidelity says Anbang working with regulator to secure nod. * Anbang will be able to resubmit application- NY regulator (Adds Fidelity statement, share price reaction). By Suzanne Barlyn. WASHINGTON, May 31 China's Anbang Insurance Group has ... Delay in Chinese Conglomerate's Deal for US InsurerNew York Times Anbang Withdraws Application for NY Approval of Insurance DealWall Street Journal FGL Falls After Anbang Withdraws N.Y. Request to Buy InsurerBloomberg USA TODAY -Financial Times -RTT News all 10 news articles » Google

Reuters Locked in low gear, Asia's factories slog against weak demand Reuters BEIJING/TOKYO Factory activity in Asia failed to speed up in May as the region's export-driven businesses struggled for new orders in a slow global economy, surveys released on Wednesday showed. Output in China, the world's second largest economy, ... Asia shares wobble as oil slip dampens sentiment, dollar stallsThe Fiscal Times Asia stocks sag as oil slip dampens sentiment, dollar stallsYahoo News FTSE LIVE: Footsie falls in tandem with weak US and Asian markets on easier oil prices after dull China factory dataThis is Money Daily Mail -Market Exclusive all 10 news articles » Google

Los Angeles Times Faraday Future enters exclusive negotiations with Vallejo for factory Los Angeles Times Gardena electric car company Faraday Future is now one step closer to establishing a vehicle manufacturing plant in California. The Vallejo City Council voted unanimously Tuesday night to enter into a six-month exclusive negotiating agreement with FF ... Vallejo considers plan for electric car plant at ex-shipyardLexington Herald Leader Vallejo OKs plan to build electric car factory on Mare IslandABC10.com Tesla Rival Faraday Wants to Build Electric Cars in VallejoFortune Manufacturer.com all 7 news articles » Google

ForexLive Japan's Shirai says the timing of BOJ's negative rates was poor ForexLive Ironic that after leaving she highlighted the need for BOJ to communicate its policy better. "Before taking any more action, it's important for the BOJ to make strong efforts to let the Japanese people know what they are doing. Without doing this, the ... and more » Google

Bloomberg Abe Postpones Japan's Sales-Tax Hike Until Late in 2019 Bloomberg Japanese Prime Minister Shinzo Abe told lawmakers in Tokyo he would delay an increase in Japan's sales tax until 2019. The move may help support consumer spending but complicates the government's efforts to tame the world's largest debt burden. In his words: How Japan's Abe's comments on tax hike evolvedWashington Post Japan PM's move to delay sales tax rise will fan debt concernsYahoo News Japan's Abe Tells LDP He Will Delay Sales-Tax IncreaseWall Street Journal STLtoday.com -The Japan Times -Asahi Shimbun -Times of India all 16 news articles » Google

Charlotte Observer Customer satisfaction improves for cable, Internet providers Charlotte Observer In this Tuesday, May 17, 2016, photo, the Time Warner Cable logo appears above the post where it trades on the floor of the New York Stock Exchange. Richard Drew AP. i. In this Tuesday, May 17, 2016, photo, the Time Warner Cable logo appears above the ... This is the most hated company in AmericaMarketWatch Meet America's new most unloved industryCBS News Cable TV's Consumer Satisfaction Scores Improve But Remain Low: StudyDeadline Network World all 5 news articles » Google

MarketWatch This is the most hated company in America MarketWatch The cable company Mediacom came in last in surveys by both the American Customer Satisfaction Index and Consumer Reports. By. CateyHill. Reporter. While Americans tend to dislike most cable companies, one company garners more of their dislike than ... and more » Google

Business Insider Jeff Bezos: Amazon Echo is just the 'beginning of a golden era' Business Insider Amazon CEO Jeff Bezos thinks that we're at the "beginning of a golden era" when it comes to machine learning and artificial intelligence. "It's hard to overstate how much of an impact it's going to have over the next 20 years," he said on stage at Vox ... Amazon's Jeff Bezos: 'It's the first inning' of AIMashable Amazon founder: AI's impact is "gigantic"USA TODAY Amazon's Bezos: We're near a "golden age" in AICNBC The Verge -VentureBeat -Recode all 8 news articles » Google

USA TODAY We're live blogging Tesla's shareholder meeting USA TODAY Tesla CEO Elon Musk is talking to shareholders, starting with a history of the company. Soon, shareholders will talk to Musk. Here's how it is going: 5:21 p.m. -- At the beginning, Musk and his fellow Tesla creators didn't know what they were doing ... Elon Musk Confessions: All the Stupid Things Tesla Has DoneFortune Elon Musk announces plan to revolutionize factoriesLos Angeles Times 24 Tesla Shareholder Meeting Highlights — My NotesCleanTechnica Motley Fool -The Verge -SFGate -Business Insider all 81 news articles » Google

Yahoo Finance UK China's nonmanufacturing PMI dips slightly MarketWatch BEIJING--China's official nonmanufacturing purchasing managers' index, a gauge of activity outside factory floors, fell to 53.1 in May from 53.5 in April, the National Bureau of Statistics said Wednesday. A reading above 50 indicates an expansion ... China official May manufacturing PMI at 50.1; unchanged from April: ReutersCNBC China May official services PMI falls to 53.1Reuters Forex - Aussie up after CFLP PMI comes in a bit above expectationsInvesting.com Seeking Alpha -Reuters UK -Economic Calendar -Market Realist all 32 news articles » Google

Bloomberg SoftBank Will Sell at Least $7.9 Billion of Alibaba Stake Bloomberg SoftBank Group Corp., the largest investor in Alibaba Group Holding Ltd., said it will sell at least $7.9 billion of its stake in the Chinese e-commerce giant to bolster its cash position and pay down debt. SoftBank has established a new trust with the ... SoftBank Plans To Sell $7.9 Billion Of Alibaba Stock In Deleveraging PushForbes SoftBank to Sell $7.9 Billion of Alibaba StockWall Street Journal Top Alibaba shareholder Softbank plans to sell $7.9 billion in stockReuters USA TODAY -StreetInsider.com -Quartz -New York Times all 18 news articles » Google

The Detroit News Higher home prices greet buyers at start of season The Detroit News Job growth, wage increases and low mortgage rates are pushing sales of homes, and prices in March rose 5.4 percent over 2015 prices. (Photo: Lenny Ignelzi / AP). U.S. home prices kept climbing in March as the spring home buying season began, but so far ... and more » Google

Bloomberg Under Armour Cuts Outlook as Sports Authority Demise Hurts Sales Bloomberg Under Armour Inc. cut its annual forecast after one of its largest customers, Sports Authority Inc., moved toward a disruptive liquidation of its stores. The Baltimore-based sports brand now expects revenue of $4.93 billion this year, down from an ... Under Armour Admits It Took a Hit From Sports Authority ClosingsTheStreet.com Under Armour Says Sports Authority's Bankruptcy Will Hurt SalesWall Street Journal Under Armour Lowers Outlook On Pressures From Sports Authority BankruptcyFootwear News Baltimore Business Journal -Baltimore Sun (blog) -Forbes -Financial Times all 13 news articles » Google

StreetInsider.com Ex-Barclays director accused by U.S. of illegal tips to plumber StreetInsider.com Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here. By Nate Raymond. NEW YORK (Reuters) - A former director at Barclays Plc was arrested on Tuesday on U.S. charges that he provided ... and more » Google

New York Times SoftBank Plans Sale of Up to $7.9B of Alibaba (BABA) Shares as Part of Capital Raise Initiative StreetInsider.com Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. (Updated - May 31, 2016 5:04 PM EDT). Softbank says it will sell at least $7.9 billion worth of Alibaba (NYSE: BABA) to raise capital ... SoftBank to Sell $7.9 Billion of Alibaba StockWall Street Journal SoftBank selling at least $7.9B in Alibaba shares to raise capitalCNBC SoftBank to Sell a Stake in AlibabaNew York Times Reuters -Business Wire (press release) -Bloomberg -Nasdaq all 38 news articles » Google

Bloomberg Staples CEO to Step Down Following Failed Office Depot Deal Bloomberg Staples Inc. Chief Executive Officer Ron Sargent will step down from the job next month, handing the reins to lieutenant Shira Goodman, after his strategy to acquire Office Depot Inc. was blocked earlier this month. Sargent and the board “mutually ... Staples Announces Management TransitionBusiness Wire (press release) UPDATE 1-Staples CEO to step down after Office Depot deal terminationReuters How Will Staples (SPLS) Stock React to CEO Sargent Stepping Down?TheStreet.com Wall Street Journal -Business Insider -ABC News -The Boston Globe all 32 news articles » Google

US stocks slip, S&P 500 trims third consecutive monthly gain Standard-Examiner U.S. stocks slipped, with the S&P 500 paring a third straight monthly gain, as stronger spending data buttressed the case for higher interest rates as early as this summer. Equities are laboring to press higher after an advance last week pushed the ... and more » Google

WCVB Boston Venezuela is running out of everything: Bread, sugar, toilet paper... WCVB Boston NEW YORK (CNNMoney) —Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms -- you name it. Big Latin American airline latest to halt flights to... Venezuela Flag. More signs of deep trouble in Venezuela ... Venezuela is running out of everything: Bread, sugar, toiletYourErie all 3 news articles » Google

Venezuela is running out of everything: Bread, sugar, toilet paper... WCVB Boston NEW YORK (CNNMoney) —Venezuela is running out of just about everything. Food, medicine, electricity, toilet paper, condoms -- you name it. Big Latin American airline latest to halt flights to... Venezuela Flag. More signs of deep trouble in Venezuela ... and more » Google

Boyd Gaming sells its 50 percent stake in Borgata to MGM U.S. News & World Report ATLANTIC CITY, N.J. (AP) — Boyd Gaming is selling its 50 percent stake in Atlantic City's top casino to MGM Resorts International, the company that owns the other half. Boyd made the announcement Tuesday afternoon. It will get $900 million, plus half ... and more » Google

CBS News MGM Resorts Buys Borgata Stake From Boyd Gaming for $900 Million Bloomberg MGM Resorts International agreed to buy Boyd Gaming Corp.'s 50 percent stake in Atlantic City's Borgata hotel and casino for $900 million. As part of the deal, MGM Resorts will sell the entire property to MGM Growth Properties LLC, a real estate ... Boyd Gaming To Sell Its 50% Interest In BorgataPR Newswire (press release) MGM Resorts (MGM), MGM Growth Properties (MGP) Enter Agreement to Acquire Boyd's Borgata StakeStreetInsider.com Boyd Gaming sells its 50 percent stake in Borgata to MGMWashington Post KLAS-TV -Hospitality-Industry.com (press release) -CBS News -Motley Fool all 14 news articles » Google

Wall Street Journal Stocks Fall, But S&P 500, DJIA Have a Winning May Wall Street Journal The Dow industrials and S&P 500 fell Tuesday, but both indexes still ended the month higher. Investors' new expectations for the pace of U.S. interest-rate increases changed the complexion of the markets in May, with many pivoting from worries that ... S&P 500 Closes Little Changed to End May With Third Monthly GainBloomberg Stocks Climb Slightly in May Despite Fed FearsTheStreet.com Dow posts fourth winning month in a rowUSA TODAY International Business Times -Nasdaq -Reuters -MarketWatch all 47 news articles » Google

Economic Times Dell Buyout Deal Shortchanged Shareholders, Court Rules New York Times SAN FRANCISCO — Three years after Michael S. Dell and the investment firm Silver Lake took Dell Inc. private, a Delaware judge has decided that the $24 billion deal was 21 percent too cheap. That said, most investors who held shares in the computer ... Judge rules Michael Dell, Silver Lake underpaid for DellUSA TODAY Court rules Dell's $24.9 billion buyout priced 22 percent below fair valueReuters Michael Dell, Silver Lake should have paid more for Dell, judge rulesZDNet CFO -The Register -Financial Times -Austin Business Journal (blog) all 15 news articles » Google

Trump: Obama's Unnecessary Oil, Gas, Coal Regulations Will Go E&P BISMARCK, N.D.—Donald Trump, the presumptive Republican presidential nominee, promised May 26 to roll back some of America's most ambitious environmental policies, actions that he said would revive the ailing U.S. oil and coal industries and bolster ... and more » Google

CNNMoney Does Donald Trump's plan to drill more oil make sense? CNNMoney Donald Trump wants to help the slumping oil and gas industry by cutting regulation and encouraging a lot more drilling. He even promised to "save" the coal industry. Trump laid out his vision in a speech last week, saying "America's incredible energy ... Trump is wrong on the Paris climate agreement. I know because I negotiated it.Washington Post Trump: Obama's Unnecessary Oil, Gas, Coal Regulations Will GoE&P Trump's energy plan would distort free marketWalla Walla Union-Bulletin inewsnetwork -Seeking Alpha -Washington Times -Salt Lake Tribune all 22 news articles » Google