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U.S. markets news

US CEO who cut salary by 90 percent to give employees pay rise struggling 'to ...
April 15, 2015: Seattle boss of Gravity Payments, Dan Price, announced to his 120 employees he is increasing the minimum wage of the company to $91,000 by the end of 2017.
Seattle CEO hits hard times after raising wages  Sentinel Republic
CEO who set firm's minimum wage at $70000 hits hard times  
Is U.S. employment screeching to a halt?
In a worrying sign for the U.S. economy, U.S. labor costs recorded their smallest increase in the last 33 years in the second quarter thanks to bad gains in the private sector.
Employment costs in US post smallest gain on record  Junior College
U.S. employment costs post smallest increase on record  Business Insider
Verizon Workers to Stay on Job Without New Contract
Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled.
Verizon Misses Deadline for Union Contract, but No Strike for Now  Wall Street Journal
Verizon Says No Strike Called as Talks Continue With Unions  Bloomberg
FAA investigating drone flying close to airplanes near JFK
The Federal Aviation Administration is investigating two incidents in which airplanes spotted a drone flying near them as they were landing at John F. Kennedy International Airport, one of the nation's busiest airports.
Homeland Security warns police agencies of possible drone attacks after ...  New York Daily News
Drone comes within 100 feet of two commercial planes near JFK Airport  Daily Mail
Microsoft to invest in ride sharing company Uber
Microsoft has reportedly agreed to invest in Uber as part of a funding round that values the ride-hailing company at about $US51 billion.
Uber reaches $50 billion value thanks (in part) to Microsoft  Engadget
Uber valuation jumps to $51 Billion after latest funding round  Pulse Headlines
Yahoo buys shopping site Polyvore
Case in point: The tech giant announced Friday it will acquire Polyvore, the fashion-discovery site founded in 2007 by three former Yahoo engineers that lets users browse and buy clothes, accessories and beauty products.
Yahoo buys social shopping site Polyvore  CTV News
Yahoo Buys Polyvore, a Site Focused on Shopping  New York Times
Puerto Rico to miss payment, default looms
Staggered by a $72 billion debt load, Puerto Rico is expected to miss a debt payment due Saturday, setting the stage for what could be one of the largest U.S.
Puerto Rico to miss debt payment, signalling default  CNBC
Central Bank to cap Credit Union savings at €100000
A savings limit of €100,000 per customer will be imposed on credit unions under regulations due to come into force in January. Ads by Google.
Fourth Corner Credit Union heads to court over inability of pot shops to use ...  The Standard Daily
Buzzkill: Feds slam pot industry, refuse to allow them to use banks -- here ...  Morning Ticker
Leader of Mt. Gox Bitcoin Exchange Arrested in Tokyo
Mark Karpeles Mt. Gox bitcoin Yuya Shino—Reuters Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court on Feb. 28, 2014.
Mt. Gox CEO Karpeles arrested by Japanese police  PCWorld
Former Mt Gox chief Mark Karpel´┐Żs arrested in Japan  Financial Times
What you need to know about Obama's biggest global warming move yet — the ...
On Monday, the Post has learned, the Obama administration plans to release the finalized “Clean Power Plan,” the president's flagship policy to combat global warming.
The White House just released a video teasing its upcoming clean energy plan  Business Insider
Letter: Support Clean Power Plan  The Ledger