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U.S. markets news

Puerto Rico to miss payment, default looms
Staggered by a $72 billion debt load, Puerto Rico was likely to miss a debt payment due Saturday, setting the stage for what could be one of the largest U.S.
O'Malley to highlight health, debt crisis in Puerto Rico  CNN
Puerto Rico says it will not make $58m bond payment due Saturday  The Guardian
The Independent  
Trans-Pacific talks fail, weakening Conservative hopes as election looms
Talks to create a massive Pacific Rim free trade zone went into overtime Friday but failed to reach a hoped-for deal in Hawaii, raising the likelihood Canada's Conservative government may find itself negotiating this controversial accord while on the ...
Will Trans-Pacific Partnership hold back new generic drugs?  Los Angeles Times
Trans-Pacific Partnership: Australia walks away from deal  The Australian
US labor costs for second quarter recorded smallest increase in 33 years
US labor costs In what seems to be a short wage growth setback compared to slacking labor markets, the US labor costs for the second quarter of the year has been on a record low in 33 years with employees earning lower than expected in bonuses and ...
U.S. Wages grow at record slow pace for 2nd quarter  Morning Ticker
Declining growth rate of pay looms over US  Benchmark Reporter
Uber valuation jumps to $51B
NEW YORK (USA TODAY) - 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 $51 Billion After Latest Funding Round: Report  NDTV
Microsoft to invest $100m in start-up Uber  Times of Oman
Yahoo buys social shopping site Polyvore
San Francisco - Yahoo on Friday said it is adding to its lengthy roster of acquisitions with a deal to buy social shopping website Polyvore.
Yahoo tries to get more fashionable with Polyvore purchase
Yahoo buys fashion website Polyvore  Sentinel Republic
Bankrupt Bitcoin Kingpin Mark Karpeles Arrested in Tokyo
In a statement, the Tokyo Metropolitan Police said that they believed 30-year-old French national Karpeles had “unjustly inflated the balance” of an account in his name by manipulating Mt.
Former Mt. Gox CEO arrested on claims of stolen Bitcoins  The Verge
Former Mt. Gox Arrested Under Suspicion Of Stealing Bitcoins  Gizmodo
Luxury Home Auctions Glance
Sales of luxury homes through auctions have steadily climbed since the economy started recovering, giving sellers an option outside of the traditional list-and-wait method.
Owners turning to auctions to sell their high-end properties  Clay Center Dispatch
Delta flight crew spots drone hovering near JFK airport; FAA to investigate
A Delta Air Lines flight from Orlando to New York's John F. Kennedy International Airport reported seeing an unmanned drone dangerously close to the airplane during its Friday evening approach to one of the country's busiest airports.
Pilot Claims He Saw Drone Flying As He Landed at JFK  NY1
FAA investigating flying drone at JFK airport, report says
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.
IMF gets smart about a third greek bailout  Livemint
Posted by Parvez Jabri  Business Recorder (press release) (blog)
Samsung to 'adjust' price of Galaxy S6 and S6 Edge to boost sales
Samsung hints at a possibility of slashing the price of Galaxy S6 and S6 Edge to maintain sales. By: Debashis Sarkar | New Delhi | August 1, 2015 4:17 PM.
Chip Sales Buttress Samsung's Earnings  The Chosun Ilbo