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U.S. markets news

Netflix offers new parents 'unlimited' leave
Netflix said Tuesday it will allow new parents up to a year of paid time off, becoming one of the tech industry's most generous major companies in offering parental leave.
Netflix Offers New Parents One Year of Paid Leave  Wall Street Journal
Netflix will offer a year of unlimited leave for new moms and dads  Washington Post
CNET  
Apple slump deepens on iPhone, China concerns
SAN FRANCISCO - Apple is slumping as the usually high-flying tech stock struggles with the burden of raised expectations. The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as $5.19 ...
Apple Is Slipping in a Universe Where Success Is Relative  Wired
Apple shares continue to plunge  Toronto Star
Puerto Rico investors could try to force payment on bonds -filing
Aug 4 Holders of at least 20 percent of Puerto Rico's Public Finance Corp bonds, on which the U.S. commonwealth defaulted on Monday, would need to consent to suing Puerto Rico in order for the bondholders' trustee to file a lawsuit on their behalf, a ...
Hedge Funds Say Puerto Rico Should Shut Down Schools to Pay Its Debts. Is ...  Slate Magazine (blog)
Insurance Stocks to Watch as Puerto Rico Defaults - Analyst Blog  Nasdaq
UPDATE 1-US luxury fashion retailer Neiman Marcus files for IPO
(Adds details). Aug 4 (Reuters) - U.S. luxury fashion retailer Neiman Marcus Group Inc filed with U.S. regulators on Tuesday for an initial public offering, the second time in two years it has unveiled plans to go public.
Neiman Marcus files for IPO  Dallas Morning News
US luxury retailer Neiman Marcus files for IPO  BBC News
T-Mobile beats Sprint to become No. 3 wireless carrier
At first, T-Mobile CEO John Legere said the move up in position would come last year. The company's un-carrier marketing campaign helped it make it happen.
SoftBank to help provide financing to rein in Sprint's cash burn  Reuters
T-Mobile takes the No. 3 US carrier spot from Sprint  TmoNews
Australia says initial MH370 debris drift models gave wrong clues
SYDNEY Initial models of where potential debris from a missing Malaysia Airlines passenger jet might first wash up had incorrectly identified Indonesia as the most likely location, the Australian body leading the search said on Wednesday.
Origin of Suspected Flight 370 Part May Be Revealed This Week  Bloomberg
MH370 search: Australia confirms currents could have taken parts to Reunion ...  Sydney Morning Herald
Baxalta rejects Shire's $30 billion unsolicited bid
Shire PLC is determined to get bigger, one way or another. The drug maker, which is based in Dublin and run from Lexington, on Tuesday mounted an unsolicited $30 billion bid for Baxalta Inc., a combination that could rival Biogen Inc. as the state's ...
Shire breaks cover on $30bn takeover bid for drugmaker  Irish Independent
Shire's Offer to Buy Drug Maker Baxalta for $30 Billion Is Rebuffed  New York Times
Major US airlines end trophy hunter shipments after Cecil outcry
Three US airlines have banned the transport of lion, leopard, elephant, rhino or buffalo killed by trophy hunters, in the latest fallout from the killing of Zimbabwe's Cecil the lion last month.
Air Canada bans shipments of hunting trophies after killing of Cecil the lion  Fox News
More airlines ban shipping of big game trophy kills  Examiner.com
Dollar stands tall after Fed's Lockhart supports September rate hike
TOKYO The dollar stood tall against the yen and euro early on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed his support for an interest rate hike in September.
Asia shares lower on US rate hike talk  BBC News
US Stocks Fall as Fed's Lockhart Says Economy Ready for Rate Increase  Wall Street Journal
Genworth net profit slump 25 per cent
Mortgage Insurance giant Genworth has reported a flat first half underlying profit and reaffirmed its full year guidance. Total net profit slumped 25 per cent to 113 million dollars, due primarily to a decrease in value of its fixed-security ...
Genworth Mortgage Insurance Australia profit falls 25pc in first half  Sydney Morning Herald
Investors upbeat on Genworth outlook  The Australian