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U.S. markets news

UK explores multi-billion pound free trade deal with China
Chancellor Philip Hammond has begun discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy.
China Seeks Intensified Coordination But U.S. Is Playing It Cool  Bloomberg
With G-20's Focus on Europe, Pressure Eases on China  Wall Street Journal
New York Times  
Medicare price safeguard actually nets companies billions for costly drugs
In this June 14, 2011 file photo, various prescription drugs on the automated pharmacy assembly line at Medco Health Solutions in Willingboro, N.J.
What are the top 20 priciest Medicare prescription drugs?  Minneapolis Star Tribune
Medicare Overwhelmed by Pricey Drugs  DTN The Progressive Farmer (registration) (blog)
Hershey Trust Reaches In-Principle Reform Agreement
But does this pave the way for Mondelez to make another bid on Hershey? The board of the charitable trust that controls Hershey said on Friday it had reached an in-principle agreement with the Pennsylvania Attorney General's office that would avoid a ...
Why Hershey's chocolate company is facing a historic test
Hershey Trust Reaches Tentative Deal to Reform Its Governance  Bloomberg
If Core Yahoo Is Close To Being Sold, Why Are Shares Barely Moving?
Chatter is hot and heavy that Verizon is set to emerge as the winner of the bidding process for core Yahoo YHOO +1.30%. On Friday, Bloomberg reported that the deal was almost done and that Verizon was looking at a price tag of $5 billion or so for core ...
Yahoo reportedly will be acquired by Verizon in $4.8 billion deal  VentureBeat
Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday  Bloomberg
As China Lets Yuan Depreciate, Other Nations Take Note
CHENGDU, China—Beijing has managed to let the yuan slide against the U.S. dollar without sparking strong protests from its trading partners this year.
China Working Hard to Stabilize Yuan Against Basket, PBOC Says  Bloomberg
Yuan Stays in Range on PBOC Guidance  Nasdaq
Manufacturers make, shops sell. But Dollar Shave Club breaks that mould
Dollar Shave Club's razors are “fucking great”, the company's founder declared in its first advert. Michael Dubin, who started the business four years ago, last week convinced Unilever of their merits, too.
Why did Unilever pay $1B for Dollar Shave Club?  TechCrunch
M&A roundup - week ending 7/23/16  VatorNews
As We've Been Saying, California's Minimum Wage Rises Increase Unemployment
This is an interesting little tale which illustrates the other side of the minimum wage story. Around here at least the standard side is that when you raise the price of something people buy less of it.
Which Swing States Are Doing Great, and Which Aren't  Bloomberg
18 states see significant job gains, but unemployment rises
Southwest Airlines: “Things Are Getting Better”
DALLAS (CBSDFW.COM) - Following a technical glitch that caused a system-wide outage Wednesday, Southwest Airlines updated the public on its status Saturday by saying “things are getting better.
Southwest extends fare sale because of glitch, warns of long lines
Southwest Airlines Still Canceling Flights for Third day in a row  Skift
It's fare game for US Airlines
TAKING OFF: Delta Air Lines and United Continental Holdings earned cheers from investors when it said it would trim growth plans in the fourth quarter amid fears of falling fares.
U.S. airlines amass $3.9 billion in second-quarter profits  Indiana Gazette
American Airlines Expects European Routes to Suffer From Overcapacity  Wall Street Journal
Donald Trump and Mike Pence Once Envisioned Doing This to Social Security
Trump and Pence may have different ideas on how to fix Social Security, but they once shared a common -- but controversial -- solution.
Nearly a Quarter of Seniors Regret This Social Security Decision
Is 62 a Good Age to Claim Social Security?  Bloomington Pantagraph