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U.S. markets news

Caution: Slower Growth Ahead
WASHINGTON, D.C.� The latest forecast on how much the U.S. economy will grow this year has been cut by about half. The Congressional Budget Office has revised downward it's GDP growth outlook, from 3.1% to 1.5%.
US Economy Growing Slower Than White House Predicted  ABC News (blog)
U.S. Budget Gap Narrows to Smallest Since 2007, CBO Says  Bloomberg
Wall Street Journal   Related articles »  
Labor Day Gas Prices Fall to Lowest Level Since 2010
Drivers will see the cheapest prices at the pump this Labor Day since 2010, thanks to a slowdown in demand, a quiet Hurricane season and lack of geopolitical tensions in oil-producing regions, according to GasBuddy.
Labor Day gas prices cheapest since 2010  USA TODAY
Average gas price in Harrisburg area is steady, lowest price drops  The Patriot-News - PennLive.com
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Twitter CEO: Snapchat at $10 billion 'not absurd'
SAN FRANCISCO (MarketWatch) - Twitter Chief Executive Dick Costolo sees a bright future for Snapchat, saying the reported $10 billion valuation for the popular instant messaging company makes sense.
VCs 'partying like it's 1999,' says McNamee  CNBC
Snapchat triples valuation  USA TODAY
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McDonald's first opened in Moscow in 1990
Russian courts have ordered four McDonald's outlets to close for 90 days, citing breaches of sanitary rules. The Moscow restaurants were initially told to close on 21 August after criticism from the Russian state food safety watchdog Rospotrebnadzor.
Moscow courts back closure of three McDonald's branches  Reuters
McDonald's in Russia shut for maximum term on health grounds  Channel News Asia
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Biz Break: Pandora overwhelmingly white, close to gender equality [San Jose ...
Aug. 20--Today: Pandora Media releases workforce diversity data that shows Oakland's largest tech company to be more than 70 percent white and nearly equal along gender lines.
Newswire : Jesse Jackson will expand Silicon Valley Initiative to other sectors  Greene County Democrat
Silicon Valley's diversity reboot  Financial Times
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Alibaba's revenue growth surges in latest quarter
SAN FRANCISCO - Alibaba's quarterly revenue growth is surging again, a development that should help the Chinese e-commerce company sell its shares in what could become the technology industry's most lucrative IPO.
Alibaba's Latest Quarter: By the Numbers  Wall Street Journal (blog)
Alibaba's profit improves ahead of IPO  MarketWatch
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Mortgage Applications in US Uptick in Mid-August
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending August 22, 2014, mortgage applications increased 2.8 percent from one week earlier.
Mortgage applications in US rise on refinancing, purchases  Chicago Daily Herald
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The Underwhelming Case Against the IMF's Christine Lagarde
It sounds ominous: International Monetary Fund chief Christine Lagarde on Aug. 27 was placed under formal investigation by a French court for approving a payout to a corruption-tainted business tycoon when she was France's finance minister.
IMF chief Lagarde under investigation in France  Chron.com
IMF's Christine Lagarde placed under formal investigation in France  Washington Post
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Argentina says wants to bring all debt under Argentine law
BUENOS AIRES Aug 27 (Reuters) - Argentina's government said on Wednesday its long-term plan was to bring all its sovereign debt governed by foreign law under Argentine legislation.
Argentina Set for National Strike as Economic Woes Deepen  Businessweek
Union blocks streets, disrupts Argentine capital in protest of taxes, inflation  Fox Business
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3 ways insurers can still avoid covering the sick
Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul, but there's still wiggle room for them to discourage the sickest and costliest patients from enrolling.
3 ways insurers can discourage sick from enrolling  myfoxny.com
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