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U.S. markets news

Pacific Rim free trade talks fail to end in deal
LAHAINA, Hawaii Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared between Japan and North America over autos, New Zealand dug in over dairy trade and no agreement was reached ...
Talks for Pacific Trade Deal Stall at a Critical Step  New York Times
Pacific Trade Ministers Announce Progress in Hawaii Talks  ABC News
CBC.ca  
Federal bankers: No account for Colo. cannabis credit union
DENVER - A Colorado-based credit union created to serve the country's fast-growing legal marijuana industry sued banking regulators on Thursday after being denied access to the nation's electronic banking system.
Pot industry's bank bid rejected by federal regulators  Washington Post
New rules 'limit credit access'  Irish Examiner
TREASURIES-Prices rally on record low increase in Q2 labor costs
(Updates with late New York prices). * U.S. Employment Cost Index barely rises in Q2. * Smallest increase in ECI in 33-year history of index.
US wage growth falls to record-slow pace in second quarter  Tampabay.com
Labor Costs Rise at Slowest Pace in 33 Years  New York Times
Uber Just Beat Facebook's $50 Billion Record
Uber recently closed a new funding round that values the car-hailing startup close to $51 billion, the Wall Street Journal reported Friday.
Microsoft Said to Invest About $100 Million in Startup Uber  Bloomberg
Uber valuation jumps to $51B  USA TODAY
Exxon and Chevron profits are down over 50%
Drilling for oil used to be one of the most profitable businesses in the world. Not anymore. Big Oil earnings have nosedived in the past year.
Pain Worsens for Oil Giants Exxon and Chevron  Nasdaq
Stocks end week lower; Exxon Mobil profit plummets; Google contests ' ...  cleveland.com
UK economy grows 0.7% in second quarter
The data indicated that the UK is likely to grow by 2.7 per cent this year, compared to a previous estimate of 2.9 per cent, but this quarter was an improvement on the 0.4 per cent growth rate recorded for the first quarter of the year.
The Six-Year Slough  Wall Street Journal
Yahoo Buys Polyvore, a Site Focused on Shopping
Yahoo has once again gotten the urge to go shopping - and this time the Internet company has acquired a social shopping site. Yahoo announced late on Friday that it had agreed to acquire Polyvore for an undisclosed price.
Yahoo buys fashion website Polyvore  Reuters
Yahoo to acquire social shopping site Polyvore  Los Angeles Times
Close Call: Delta Pilot Spots Drone Just Before Landing
A Delta pilot flying into JFK airport in New York spotted a drone off its right wing as it approached the runway, the Federal Aviation Administration said today.
Delta airline has close call with drone over JFK  USA TODAY
FAA: Delta pilot spots possible drone near Kennedy Airport  Newsday
Skeptical of FedEx Deal, European Regulators Start Inquiry
European regulators on Friday opened an investigation into the impact on competition of FedEx's $4.8 billion deal to acquire TNT Express in the European delivery market.
EU to probe FedEx TNT Express merger  Sky News Australia
UPDATE 1-EU opens in-depth inquiry into Fedex's planned takeover of TNT  Reuters
Microsoft Said to Invest Big Sum in Uber
Microsoft has agreed to invest in Uber, according to people with knowledge of the matter, as part of a funding round that values the ride-hailing company at around $51 billion.
Uber to spend $1B over nine months for India expansion  CNET
Uber to invest $1 billion in India to expand services | Reuters  Firstpost