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U.S. markets news

CEO who set firm's minimum wage at $70000 hits hard times
A CEO from Seattle has been forced to rent out his home after his business suffered when he raised the minimum wage to $70,000. Dan Price, 31, made headlines in the US three months ago when he made the decision to increase the salaries of all 120 staff ...
$70000 minimum salary causing hard times for Seattle CEO  Morning Ticker
Dan Price, Seattle CEO who set company minimum wage at $70K, now struggles ...  Washington Times
Washington tacks another 7� a gallon to state gas tax
Washington tacked on another 7 cents to its gasoline tax as part of a $16 billion, 16-year package to pay for transportation projects across the state.
State gas tax increases by 7 cents  KOMO News
Gov. John Kasich: Let the States Fix Our Crumbling Highways—Instead of ...  TIME
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
Pot industry's bank bid rejected by federal regulators
DENVER (AP) - A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system.
Pot-Friendly Credit Union Wants Government to Provide Equal Access  Modern Readers
Pot industry banned from using banks  National Monitor
US Paycheck growth at its lowest pace since 1982
The pace of U.S. wages and benefits crawled in the spring at a very low pace. It is actually the lowest in the last 33 years. This is clear evidence of the fact that strong hiring isn't lifting wages for most Americans.
U.S. employment costs post smallest increase on record  Business Insider
US wage growth falls to record-slow pace in 2nd quarter  KPVI News 6
Uber valuation jumps to $51 Billion after latest funding round
New York - Uber Technologies Inc, the 5 year old ride sharing company boost its valuation to nearly $51 billion - more than four times the value of rental car companies Hertz and Avis combined- after closing a new funding round, also including ...
New deal: Uber valuation tops $50b with latest funding, says report  The Express Tribune
Uber valued at about $70 billion after latest funding round  Dispatch Times
Verizon workers in US East could strike on Sunday: media
Thousands of Verizon Communications Inc workers on the U.S. East Coast were poised to strike on Sunday after the company failed to reach agreement with unions as contract negotiations went to the wire, U.S.
Verizon Faces Strike by 37000 as Contract Talks Go Down to Wire  Bloomberg
Verizon strike possible as talks continue  Asbury Park Press
Head of Failed Japan-Based Bitcoin Exchange Mt. Gox Arrested
TOKYO - The head of the failed Japan-based bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday on suspicion of inflating his cash account by $1 million, authorities said.
Mt. Gox CEO Karpeles arrested by Japanese police  PCWorld
Bankrupt Bitcoin Kingpin Mark Karpeles Arrested in Tokyo  Gawker
Company, FAA Working on Gulfstream IV Jet Fail-Safe Problem
The manufacturer of the jet that crashed on takeoff in Massachusetts last year, killing the co-owner of The Philadelphia Inquirer and six other people, has reported a problem with a fail-safe system that can allow the planes to reach high speeds on the ...
Gulfstream says jet that crashed in Bedford has design flaw  Boston Globe
Fail-safe problem reported on Gulfstream IV jets; same plane that crashed ...  Minneapolis Star Tribune
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.
The interesting story of how Marissa Mayer influenced the CEO of the company ...  Business Insider
Yahoo buys social shopping site Polyvore  CTV News