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U.S. markets news

Pacific Rim free trade talks fall short of deal
LAHAINA, Hawaii Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was ...
Talks for Pacific Trade Deal Stumble  New York Times
'Progress' but no deal at TPP talks  BBC News
ABC News  
TREASURIES-Prices rally on record low increase in Q2 labor costs
(Updates with late New York prices). * U.S. Employment Cost Index barely rises in Q2. * Smallest increase in ECI in 33-year history of index.
US wages increase at slowest rate since 1982  Financial Times
Smallest U.S. Wage Increase on Record Muddies Pay Picture  Bloomberg
Uber Just Beat Facebook's $50 Billion Record
Uber recently closed a new funding round that values the car-hailing startup close to $51 billion, the Wall Street Journal reported Friday.
Microsoft Said to Invest About $100 Million in Startup Uber  Bloomberg
Uber valuation jumps to $51B  USA TODAY
Exxon and Chevron profits are down over 50%
Drilling for oil used to be one of the most profitable businesses in the world. Not anymore. Big Oil earnings have nosedived in the past year.
Pain Worsens for Oil Giants Exxon and Chevron  Nasdaq
Yahoo Buys Polyvore, a Site Focused on Shopping
Yahoo has once again gotten the urge to go shopping - and this time the Internet company has acquired a social shopping site. Yahoo announced late on Friday that it had agreed to acquire Polyvore for an undisclosed price.
Yahoo buys fashion website Polyvore  Reuters
Yahoo to acquire social shopping site Polyvore  Los Angeles Times
Verizon workers ready for possible strike in dispute over new contract
WASHINGTON - Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier.
Verizon in Union Negotiations to Avert a Strike as Deadline Looms  Nasdaq
Close Call: Delta Pilot Spots Drone Just Before Landing
A Delta pilot flying into JFK airport in New York spotted a drone off its right wing as it approached the runway, the Federal Aviation Administration said today.
Delta airline has close call with drone over JFK  USA TODAY
FAA: Delta pilot spots possible drone near Kennedy Airport  Newsday
China Manufacturing Activity Slips in July
BEIJING—A gauge of China's factory activity slipped in July, pointing to further sluggishness in the key manufacturing sector of the world's second-largest economy.
China July factory growth unexpectedly stalls: official PMI survey  Reuters
China Official Factory Gauge Falls as Growth Slowdown Bites  Bloomberg
EU opens anti-trust probe on FedEx plan to buy TNT
The European Union has opened an anti-trust probe into plans by US delivery service giant FedEx to buy Dutch rival TNT Express for €4.4 billion, a key tie-up for the e-commerce delivery business.
EU opens in-depth inquiry into Fedex's planned takeover of TNT  Economic Times
EU to Probe FedEx Takeover of Dutch Rival TNT  ABC News
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.
Greek bailout talks with auditors begin  Economic Times
Greece's stock market to reopen as bailout talks progress  Financial Express