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U.S. markets news

EU hits Apple with 13 billion euro Irish tax demand
BRUSSELS/DUBLIN The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.
Why Ireland's Government Doesn't Want Apple's Money  Fortune
Tim Cook responds to $14.5B Irish tax bill with open letter, says decision ...  AppleInsider (press release) (blog)
BGR  
Fed's Fischer Says Negative Rates Seem to Work in Today's World
Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren't on the table in the U.S.. While the Fed isn't “planning to do anything in that direction,” the central ...
Euro zone bond yields edge down, focus stays on Fed  Reuters
Full employment "very close," says Fed's Fischer  USA TODAY
Agriculture Department closes offices in five states after anonymous threats
The U.S. Department of Agriculture said Tuesday that it had closed offices in five states after receiving multiple anonymous threats, describing the move as precautionary while working to see if the threats were credible.
USDA Closes Offices in 5 States, Citing Threats  U.S. News & World Report
USDA closes offices in five US states after threats  Reuters
Home prices rose in June at slowest pace in 10 months
WASHINGTON - U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.1 percent in June ...
San Francisco's out-of-control housing market might start looking more ...  Business Insider
US Home Prices Continued Strong Gains in June  Wall Street Journal
So Much for Abercrombie & Fitch's Comeback
Shares of Abercrombie & Fitch anf dropped 20% Tuesday after the teen apparel retailer reported its 14th straight drop in sales and said it no longer expects business to improve in the second half of the year—including the crucial holiday season ...
Sex doesn't always sell — Abercrombie moves toward more wholesome image  CNBC
Abercrombie no longer sees comparable sales improving this year  Reuters
Hershey Should Be Ashamed of Itself
I have been a huge fan of Hershey's (HSY) stock the past year, but can no longer profess such love after the scuttled merger with Mondelez (MDLZ) .
Stocks mostly lower as investors wait for jobs report  CBS News
Midday Report: Wall St. Wobbles in Summer Doldrums  New York Times
Warren Buffett 86th Birthday: 10 Quotes About Success And Life From Berkshire ...
If it's one thing Warren signifies, it's success. With an estimated worth of $61 billion - averaging about $1.94 billion per day for every day of his life - there doesn't seem to be anything out of the American business magnate's reach.
Happy birthday, Warren Buffett! Here's another $2 million  CNBC
Buffett's Berkshire Hathaway buys more Phillips 66 stock  Houston Chronicle
Google's close to beating Amazon and Microsoft for a big cloud client: Sources
Google's aggressive push into cloud computing, where it trails Amazon.com and Microsoft, has put the internet giant in the lead position to land a marquee client: PayPal.
Google Is Winning the Fight for PayPal's Business  Fortune
Will Alphabet (GOOGL) Stock Be Helped by PayPal Deal Speculation?  TheStreet.com
US Consumer Confidence Climbs to Highest Level in Nearly a Year
WASHINGTON—A gauge of U.S. consumer confidence rose to the highest level in nearly a year in August, suggesting that household spending will remain a key support for the economy.
US consumers expect economy will keep improving  BBC News
Consumer confidence at highest in nearly a year  CNBC
Mylan Tries Again to Quell Pricing Outrage by Offering Generic EpiPen
The huge increase of the list price for the severe-allergy drug injector has led to backlash against Mylan, the latest in a string of pharmaceutical companies accused of price gouging.
Under fire, Mylan to offer generic EpiPen for 50% less  USA TODAY
State senator introduces resolution to condemn EpiPen price hikes  Los Angeles Times