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U.S. markets news

EU hits Apple with 13 billion euro Irish tax demand
BRUSSELS/DUBLIN The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received illegal state aid.
At Issue in Apple-EU Tax Case: Did Ireland Take Enough?  Wall Street Journal
Tim Cook responds to $14.5B Irish tax bill with open letter, says decision ...  AppleInsider (press release) (blog)
Business Insider  
Fed's Fischer Says Negative Rates Seem to Work in Today's World
Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren't on the table in the U.S.. While the Fed isn't “planning to do anything in that direction,” the central ...
Euro zone bond yields edge down, focus stays on Fed  Reuters
Treasury yields inch lower as oil, stocks lose ground  MarketWatch
GLOBAL MARKETS-US shares slip on Fed rate hike worries; dollar climbs
NEW YORK, Aug 30 U.S. stocks fell on Tuesday after stronger-than-expected U.S. consumer confidence data stoked worries about a potential Federal Reserve interest rate hike this year, while European shares gained and the dollar climbed.
A Call to Keep The Fed's Balance Sheet Big Tops This Week's Economic ...  Bloomberg
Dollar at One-Month High as Investors Mull US Rate Path  Wall Street Journal
Hershey Should Be Ashamed of Itself
I have been a huge fan of Hershey's (HSY) stock the past year, but can no longer profess such love after the scuttled merger with Mondelez (MDLZ) .
Hershey stock plummets 11% after Mondelez merger crumbles  CNBC
Stocks mostly lower as investors wait for jobs report  CBS News
USDA Closes Offices in 5 States, Citing Threats
The U.S. Department of Agriculture has closed six offices in Colorado, Connecticut, Maryland, North Carolina, and West Virginia states due to anonymous threats.
USDA closes offices in five US states after threats  Reuters
USDA Shutters Six Facilities Following Threats  NBCNews.com
Abercrombie Closing Up to 60 Stores After Posting Wider Loss
NEW YORK - Abercrombie & Fitch Co. reported a wider loss for its second quarter on Tuesday and said it's closing up to 60 stores in the United States as both U.S.
So Much for Abercrombie & Fitch's Comeback  Fortune
Sex doesn't always sell — Abercrombie moves toward more wholesome image  CNBC
Chipotle's latest freebie: Kids eat free on Sundays
The company is offering free kid's meals on Sundays during the month of September, another attempt to lure back customers spooked by a series of food scares.
For Its Next Trick, Chipotle Lets Kids Eat for Free  Eater
Chipotle hopes these freebies will get customers to bite  CNBC
Home prices rose in June at slowest pace in 10 months
WASHINGTON - U.S. home prices rose modestly in June, pushed up by strong sales and a limited supply of available properties. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.1 percent in June ...
San Francisco's out-of-control housing market might start looking more ...  Business Insider
US Home Prices Continued Strong Gains in June  Wall Street Journal
Warren Buffett 86th Birthday: 10 Quotes About Success And Life From Berkshire ...
If it's one thing Warren signifies, it's success. With an estimated worth of $61 billion - averaging about $1.94 billion per day for every day of his life - there doesn't seem to be anything out of the American business magnate's reach.
Buffett's Berkshire Hathaway buys more Phillips 66 stock  Houston Chronicle
Why Has Buffett's Berkshire Upped its Stake in Phillips 66? (PSX,BRK.A)  Investopedia
Google's close to beating Amazon and Microsoft for a big cloud client: Sources
Google's aggressive push into cloud computing, where it trails Amazon.com and Microsoft, has put the internet giant in the lead position to land a marquee client: PayPal.
Will Alphabet (GOOGL) Stock Be Helped by PayPal Deal Speculation?  TheStreet.com
Google's cloud close to winning PayPal business - CNBC  Business Insider