TOP STORIES 
 
U.S. STOCKS CLIMB, LED BY FINANCIALS, TECH 

U.S. stocks rose Tuesday, boosted by gains in financial and technology stocks.

GOOGLE TO INCREASE SIZE, FREQUENCY OF ADS 

Alphabet's Google said it will increase the size of ads that run atop search results and expand ads on Google Maps in an effort to avert slowing revenue growth.

EU CLEARS AB INBEV'S $108 BILLION SABMILLER TAKEOVER 

The European Union approved the huge beer deal on the condition that AB InBev shed almost all of SABMiller's European assets.

VERIZON CEO: STRIKE MAY HIT RESULTS 

Verizon Communications hinted on Tuesday that the continuing labor strike may impact its second-quarter results.

EBAY'S STUBHUB ACQUIRES TICKETBIS 

EBay Inc. on Tuesday said it had reached a deal to acquire Spain's online ticket platform, Ticketbis, as it looks to expand its StubHub business abroad.

GOLDMAN PLANS TO TAKE STAKES IN PRIVATE-EQUITY FIRMS 

Goldman Sachs Group has jumped into the business of buying minority interests in private-equity firms, joining other players in the fray, including Dyal Capital Partners LP, GP Interests LLC and Hycroft Capital LP.

ANTHEM CEO SAYS CIGNA DEAL MOVING FORWARD 

AnthemInc. CEO Joseph R. Swedish acknowledged "dynamic tension" with Cigna Corp. over their pending merger, but said the health insurers had resolved differences and are on track to receive regulatory approval.

U.S. NEW-HOME SALES RISE AT FASTEST PACE IN EIGHT YEARS 

U.S. new-home sales posted their strongest month in more than eight years while prices jumped to a record level, suggesting healthy demand alongside limited supplies across the housing market.

REDSTONE TAPS NEW STEWARDS 

Sumner Redstone has appointed three new stewards of his media holdings, after dismissing top associates from those duties last week.

OIL PRICES RISE AS SUPPLY CONCERNS PERSIST 

Oil prices rose Tuesday as traders assessed continued supply disruptions.

FED SELLS $200 MILLION OF TREASURYS IN OPERATIONAL TEST 

The Federal Reserve sold $200 million of Treasury notes in a test of its operations, according to results posted to its website, below the $220 million securities dealers sought to buy and $50 million below its pre-announced limit for the exercise.

RUSSIA STUMBLES OVER DEBT SALE 

The deal is struggling to find demand from foreign buyers, a blow to Moscow as it looks to break out from financial isolation caused by two years of sanctions.

TRANSDIGM TO ACQUIRE DATA DEVICE CORP. FOR $1 BILLION 

TransDigm Group Inc. agreed to acquire the parent of defense firm Data Device Corp. from Behrman Capital for $1 billion in cash.

BEST BUY ISSUES SOFT PROFIT OUTLOOK 

Best Buy warned its financial performance would be weaker in the current quarter and announced the exit of Chief Financial Officer Sharon McCollam.

RICHMOND FED INDEX FELL TO -1 IN MAY 

Production across the central Atlantic region fell in May as demand flatlined, the latest evidence of lingering headwinds for American factories.

FED RATE RISE 'WOULD BE GOOD NEWS FOR GLOBAL ECONOMY' 

A top European Central Bank official said an interest-rate rise by the U.S. Federal Reserve would be good news for the world economy and demonstrate that central-bank stimulus policies are working.

U.S. RETAIL SALES ROSE 2.6% IN THIRD WEEK OF MAY, REDBOOK REPORTS 

National retail sales rose 2.1% in the first three weeks of May from the comparable period in April, Redbook Research reported Tuesday.

NANT HEALTH SEEKS $82 MILLION IN IPO 

Nant Health, the biomolecular medicine company run by a Los Angeles billionaire entrepreneur, said it sees its stock pricing between $12.50 and $15.50 a share in its coming initial public offering.

J.M. SMUCKER CUTS COFFEE PRICES 

J.M. Smucker said it would cut prices on most of its coffee brands in the U.S. by another 6% to reflect continued declines in raw coffee prices.

DSW POSTS SMALLER PROFIT, SLASHES OUTLOOK 

Disappointing shoes sales at DSW Inc. dragged earnings down by more than a third in its first quarter, prompting the retailer to slash its outlook for the year.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
U.S. Economy 
AUTO, MORTGAGE DELINQUENCIES RISE IN ENERGY REGIONS 
 

The New York Fed's quarterly report on household debt and credit found rising auto and mortgage delinquencies in the U.S. counties that had the highest employment in the oil and gas industry, even as the national picture continues its gradual improvement.

 
Markets Main 
'HUSTLE' CASE UNDERSCORES ISSUES WITH JUSTICE DEPARTMENT STRATEGY ON BANKS 
 

As far as bank fines go, Bank of America's 'Hustle' penalty wasn't that big. But the penalty highlights the Justice Department's strategy of sticking banks with ever-bigger fines to punish them for crisis-era wrongdoing.

(END) Dow Jones Newswires

May 24, 2016 12:51 ET (16:51 GMT)

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