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U.S. markets news

Wall Street ends lower as weak oil weighs
Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S.
US stocks end lower as energy stocks slump on earnings  Washington Post
Exxon Mobil's Q2 income falls 52% due to low oil prices  USA TODAY
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  New York Times
Marijuana industry's attempt to join federal banking system rejected by ...  Fox Business
Smallest U.S. Wage Increase on Record Muddies Pay Picture
Signs of a nascent pickup in U.S. worker pay proved fleeting as wages and salaries climbed in the second quarter at the slowest pace on record.
5 Things to Know About the Economy This Week  U.S. News & World Report
US employment costs post smallest increase on record  Dispatch Times
Uber valuation jumps to $51B
NEW YORK - Ride-hailing company Uber just completed a round of funding that values them at a whopping $51 billion - or more than four times the value of rental car companies Hertz and Avis combined.
Uber valued at about $51 billion after latest funding round: WSJ  Reuters
Uber Just Beat Facebook's $50 Billion Record  TIME
Yahoo to acquire social shopping site Polyvore
It looks like Yahoo has done a little Friday afternoon shopping -- by snapping up social shopping site Polyvore. Sunnyvale, Calif.
Yahoo Tries to Get More Fashionable With Polyvore Purchase  ABC News
Yahoo goes after the fashionista crowd by acquiring Polyvore  Fortune
Microsoft Is Said to Invest 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 more than $50 billion.
Uber to spend $1B over nine months for India expansion  CNET
Uber to invest $1 billion in India to expand services | Reuters  Firstpost
Greek stock market says all shares to trade on Monday
ATHENS Foreign investors will not face restrictions on operations when trade resumes at Greece's stock exchange on Monday following a five-week shutdown caused by capital controls, a stock exchange spokeswoman said.
Greek share, bond markets to reopen in limited trading on Monday  Sydney Morning Herald
If Greek trades in US are any guide, Athens bourse may have rocky re-start  The Globe and Mail
Verizon strike possible as contract deadline looms
WASHINGTON - Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier.
Verizon in Union Negotiations to Avert a Strike as Deadline Looms  Wall Street Journal
UPDATE 1-Verizon sees little progress in talks with wireline workers  Reuters
The U.S. Economy Is on Track to Finish a Decade Without Significant Growth
A worker tightens a bolt on a completed lawnmower at a manufacturing facility in Coatesville, Indiana. Photographer: Luke Sharrett/Bloomberg.
US economy moves at moderate pace  New Zealand Herald
Strong growth set to raise pressure on interest rates  Dispatch Times
Greece, Europeans must reach deeper deal before IMF program possible
WASHINGTON The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
Greek talks start as market set to reopen  Sky News Australia
Greece's Stock Market to Reopen as Bailout Talks Progress  New York Times