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U.S. markets news

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
The Next Digit  
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; 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.
Drone comes within 100 feet of two commercial planes near JFK Airport  Daily Mail
FAA: 'Unmanned Aircraft' Seen Flying Near NY Airport  Yeshiva World News
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 valued at about $51 billion after latest funding round: WSJ  Vocal Republic
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.
Pot industry hits another roadblock in Colorado, credit union sues banking ...  The Hoops News
Fourth Corner Credit Union heads to court over inability of pot shops to use ...  The Standard Daily
Head of failed bitcoin exchange arrested
The head of the failed Japan-based bitcoin exchange, Mt Gox, was arrested in Tokyo yesterday on suspicion of inflating his cash account by US$1 million, authorities said.
Leader of Mt. Gox Bitcoin Exchange Arrested in Tokyo  TIME
Mt. Gox CEO Karpeles arrested by Japanese police  PCWorld
Priority is to bring back Maggi to the market, says Nestle India chief
New Delhi: With the Maggi ban hitting sales of company's other products as well, Nestle India's new chief Suresh Narayanan on Saturday said bringing the instant noodles brand back to the market is his top priority as he sought to strike a conciliatory ...
Bringing back `Maggi' on shelves is top priority, says Nestle India chief  Hindu Business Line
Verdict on Nestle's plea on Monday  The Hindu
US economy moves at moderate pace
The United States economy is settling into a trot rather than a gallop, extending the slow progress that's defined the current expansion after a first-quarter scare.
US economy posts solid 2.3 percent growth rate in Q2  Waterbury Republican American
The U.S. Economy Is on Track to Finish a Decade Without Significant Growth  Bloomberg