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U.S. markets news

Citigroup Lowers Forecast for Margin Growth on Rate Expectations
Citigroup Inc. reduced its forecast for net interest margin, the difference between what it makes on loans and pays for funds, on expectations interest rates will remain low for a longer stretch than bank executives previously thought.
Citigroup's (C) CEO Michael Corbat on Q2 2016 Results - Earnings Call ...  Seeking Alpha
Citigroup Profits Fall 14% But Rise In Trading Revenues Drives Earnings Beat  Forbes
Reuters  
Ackman Dealt Blow as Herbalife Settles With FTC
Investor William Ackman took another blow in his crusade against Herbalife Ltd. HLF 9.92 % , as the nutritional products company struck a settlement with regulators that, while critical of the firm, stopped short of calling it a pyramid scheme ...
Herbalife Agrees To Pay $200 Million To Settle Complaints It Deceived Consumers  NPR
Herbalife to pay $200M, but avoids more serious charges  Business Insider
You know about the 401(k) — but how about the Roth 401(k)
Heads up, new-grads-turned-new-employees: Somewhere in the middle of a lengthy orientation presentation and an even lengthier employee handbook, you might find a benefit that's easy to overlook: the Roth 401(k), sister to the standard 401(k).
Why you may want to take IRA money at 59½  MarketWatch
3 Smart Ways to Maximize the Value of a Roth IRA  Bloomington Pantagraph
Chicago O'Hare expansion: Will it reduce delays?
Chicago officials say a bond-funded new terminal will reduce congestion on O'Hare's runways. By Christina Beck, Staff July 16, 2016.
More gates at O'Hare could mean fewer delays, less crowding: city, expert  Chicago Tribune
Chicago unveils plan for terminal upgrades at O'Hare Airport  Business Insider
Hawaiian Electric-NextEra Merger Denied
HONOLULU - The Hawaii Public Utilities Commission rejects the $4.3 billion deal to control the state's power company, concluding the application is not in the public interest.
NextEra's $2.6 Billion Hawaii Deal in Doubt as Regulator Says No  Bloomberg
UPDATED: Hawaii PUC rejects NextEra-Hawaiian Electric merger  Utility Dive
Is $62B a high enough cost for BP?
People gather near crosses for the 11 workers who died in the Deepwater Horizon oil rig explosion, during a vigil to mark the first anniversary of the BP oil spill on a beach in Grand Isle, La.. The large cross in the center is for the Gulf of Mexico ...
BP Puts Deepwater Horizon Cost at $62 Billion — Energy Journal  Wall Street Journal (blog)
BP's big bill for 2010 Gulf oil spill — the world's largest — now ...  Chicago Tribune
About to Take Social Security? Read This First
There are some important factors to consider before you apply for your Social Security benefits. Spend a little time learning more, in order to make the most of your benefits.
COLUMN-Surprise: Social Security benefits are for children too  Reuters
Divorce doesn't preclude Social Security spousal benefits  Christian Science Monitor
US consumer prices rose modestly in June
In this photo taken Tuesday, Feb. 9, 2016, shoppers walk by a Samsung store in Miami. On Friday, July 15, 2016, the Commerce Department releases U.S.
US Data Point to Stronger Economy  Wall Street Journal
Why the Fed Never Sees It Coming  Morningstar.com
Worst Weekly Loss in a Year Shows Treasuries Stuck in Tug-of-War
Maybe the forces dragging Treasury yields down aren't so unstoppable after all. A week after the benchmark 10-year note yield hit an all-time low, it bounced back at the most rapid pace in more than a year.
U.S. bond investors have plenty to be thankful for, despite skimpy yields  Milwaukee Journal Sentinel
US 10-Year Yield Posts Biggest One-Week Rise Since June 2015  Wall Street Journal
McCrory signs compromise for Duke Energy coal ash cleanup
North Carolina will offer less expensive ways for Duke Energy to clean up coal ash pits at seven sites while ensuring drinking water is piped to residents near the ponds, a compromise that has appeased the General Assembly but leaves plant neighbors ...
Please don't pollute our Potomac  Washington Post (blog)
HB2 threat to North Carolina sports now real  Today's U (blog)