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U.S. markets news

Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday
Verizon Communications Inc. will announce plans to buy Yahoo! Inc.'s core assets for about $4.8 billion on Monday, a move that would finally seal the fate of the iconic web pioneer after months of speculation and pressure from investors.
Why Verizon wants to buy an ailing Yahoo  Washington Post
If Core Yahoo Is Close To Being Sold, Why Are Shares Barely Moving?  Forbes
Wall Street Journal  
G20 will use 'all policy tools' to lift growth as Brexit weighs
CHENGDU, China The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.
With G-20's Focus on Europe, Pressure Eases on China  Wall Street Journal
China Seeks Intensified Coordination But U.S. Is Playing It Cool  Bloomberg
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  Philly.com
Sweet Dreams? Mondelez Could Make Another Bid to Buy Hershey  http://hamodia.com
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
China's Yuan Problem - It Wants It Lower But It Doesn't Want It ...  Forbes
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  Madison.com
AP Exclusive: Medicare safeguard overwhelmed by pricey drugs
WASHINGTON - A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show.
What are the top 20 priciest Medicare prescription drugs?  Inquirer.net
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  KENS5.com
Southwest Airlines Still Canceling Flights for Third day in a row  Skift
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
U.S. airlines amass $3.9 billion in second-quarter profits
FORT WORTH, Texas - Compared with their checkered track record, major airlines are enjoying boom times. Planes are full, and jet fuel is still much cheaper than it was last year.
American Airlines Expects European Routes to Suffer From Overcapacity  Wall Street Journal
Traveling costs likely to take off  The Mercury News
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  Madison.com
Is 62 a Good Age to Claim Social Security?  Bloomington Pantagraph