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U.S. markets news

US jobless claims rise; labor market still strong
WASHINGTON The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labor market strength.
Jobless Claims in U.S. Climbed Last Week From a Three-Month Low  Bloomberg
Applications for US jobless aid rise to still-low 266000  Chicago Tribune
Wall Street Journal  
Why NetSuite Is Coming Home To Oracle In $9.3 Billion Acquisition
It's a homecoming of sorts for NetSuite, but one the company had fended off for years. When Oracle announced on Thursday morning that plans to acquire NetSuite for $9.3 billion, the deal reunited NetSuite CEO Zach Nelson with his old boss and early ...
Oracle Buys NetSuite in Deal Valued at About $9.3 Billion  Bloomberg
Oracle to buy NetSuite for $9.3 billion to gain cloud computing clout  Reuters
Didi Chuxing and Uber, Popular in China, Are Now Legal, Too
Ordering a car at a Didi Chuxing kiosk in Shanghai. Strict government rules in China have tripped up local and foreign internet companies alike, including ride-hailing services like Uber and Didi.
China Clears Road for Uber to Operate Legally  Wall Street Journal
Uber, Didi Get Green Light to Rev Up Car-Sharing Wars in China  Bloomberg
Low FICO score challenges
Are you still steaming because an inaccurate credit report has sent your FICO score spiraling downward, causing major problems with your efforts to refinance your home?
(DNC) What Clinton and Trump Can Tell You About Your Credit Score  Black Enterprise
GNC Goes South After C-Suite Shake-Up
Shares in the retailer of nutritional supplements plummet on Thursday as it announces the departure of CEO Archbold after a less than two-year-long turnaround attempt.
GNC's interim CEO: Board 'determined change was needed'  Pittsburgh Business Times
GNC replaces chief executive  Pittsburgh Post-Gazette
Volkswagen passes Toyota as largest automaker in 2016's first half
Volkswagen Group accelerated past Toyota Motor for the title of world's largest automaker for the first half of 2016 despite the German automaker's slumping U.S.
Is America's Insatiable Appetite For New Cars Finally Fading?  Jalopnik
Toyota Lags Behind VW in Global Sales as Prius Stumbles in U.S.  Bloomberg
Mortgage rates are up again but remain below norms
Mortgage rates moved higher for the third week in a row as financial markets awaited the outcome of the Federal Reserve's meeting this week.
US 30-year mortgage rate hits highest in nearly a month: Freddie Mac  Reuters
Mortgage Rates Today, Thursday, June 28: Rising from Recent Lows  NerdWallet (blog)
Debt-collection proposals: Fewer calls, easier to dispute
Consumer Financial Protection Bureau Director Richard Cordray speaks during a panel discussion in Richmond, Va. Steve Helber/AP. By KEN SWEET, AP Business Writer.
Debt Collectors' Abuses Prompt Consumer Agency to Propose New Rules  New York Times
Why you could soon face fewer calls from debt collectors  Washington Post
Alere Faces Criminal Probe Over Medicare, Medicaid Billing
Federal investigators are seeking information about government-billing practices at Alere Inc., adding to a litany of woes at the diagnostic-testing company as it seeks to complete a deal to sell itself.
Alere clings to Abbott deal as it faces criminal probe  Crain's Chicago Business
Justice Department probes Alere over Medicare, Medicaid billing  Reuters
Fiat Chrysler ending car production in US
The company may be called Fiat Chrysler Automobiles, but by early next year, it won't be making automobiles in the U.S.. Instead, Fiat Chrysler's U.S.
Fiat Chrysler ups 2016 guidance on Q2 earnings  The Detroit News
Fiat Chrysler's Profit Jumps on Enhanced European Performance  Wall Street Journal