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U.S. markets news

U.S. Treasury Steps Up Pressure on EU Over Apple Tax Dispute
The U.S. is stepping up its effort to convince the European Commission to refrain from hitting Apple Inc. and other companies with demands for possibly billions of euros in underpaid taxes.
Apple could be on the hook for $19 billion in taxes, and the Obama ...  Business Insider
US criticises EU tax probes ahead of Apple ruling  BBC News
Wall Street Journal  
Latest Target In The Drug Price Wars? The Ubiquitous EpiPen
EpiPens are in your friend's purse and your kid's backpack. The school nurse has a few, as does Grandma. The medicine inside - epinephrine - has been around forever, and the handy gadget that injects it into your leg is not particularly new either.
Senator's daughter who raised price of EpiPen got paid $19 million ...  Washington Post
Are drug companies overcharging?  CNN
Here's what to expect from Fed Chair Yellen's speech at Jackson Hole
The speech is being billed by Wall Street as must-see TV, but Federal Reserve chair Janet Yellen's address Friday may not offer many - or any-- surprises.
Asia markets mixed; Chinese shares sell-off on liquidity concerns  CNBC
Central bankers eye public spending to plug $1 trillion investment gap  Reuters
Asian Shares Waver in Thin Trading After Wall Street Decline
NEW YORK - Shares wavered in thin but volatile trading in Asia on Thursday, following a bleak day on Wall Street led by declines in health-care stocks as outrage mounts over steep price hikes for Mylan's EpiPens.
Asian shares wobble as markets await comment from Yellen  U.S. News & World Report
Wall St. declines as healthcare, materials lag  StreetInsider.com
HP Inc. tops Street 3Q forecasts but outlook clips stock
Shares in HP Inc. tumbled in extended trading Wednesday after the personal computer and printer maker beat expectations with its results for its fiscal third quarter but its outlook for the current quarter fell short of Wall Street estimates.
HP Inc beats estimates, weak printer demand weighs on forecast  Reuters
HP's Outlook Still Down Despite Improved PC Sales  Fortune
SEC Says 71 Muni Borrowers Lied About Disclosure Histories
The U.S. Securities and Exchange Commission said it reached settlements with 71 state and local borrowers for lying to investors about their compliance with disclosure requirements when they sold bonds in the $3.7 trillion municipal market.
US SEC charges 71 municipal bond issuers for misleading investors  Reuters
SEC accuses Fulton County of keeping bond investors in the dark  Atlanta Journal Constitution
States Start to Approve Steep Increases in Health Premiums
WASHINGTON—The first handful of states have released approved 2017 rates for people who buy health insurance on their own and the results so far are consistent with what many expected: There are significant increases in premiums for next year.
Illinois submits Obamacare insurance premium increases to feds  Chicago Tribune
If rates rise, Obamacare plans still affordable for those receiving tax ...  Omaha World-Herald
Viacom May Tighten Reins on Paramount
LOS ANGELES—Paramount Pictures Chief Executive Brad Grey is facing the pitch meeting of his life. As head of one of Hollywood's oldest and most iconic movie studios, Mr. Grey has overseen many duds of late, most recently a remake of “Ben-Hur” that ...
Viacom Said to Rethink Resistance to $12 Billion Debt Downgrade  Bloomberg
New Viacom board already discussing potential Paramount sale  New York Post
Ex-CEO Admits to Options Fraud After Decade on Lam in Africa
The former chief executive of Comverse Technology Inc. who hid in Africa for a decade pleaded guilty to backdating stock options and was jailed immediately by a U.S.
Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa  Reuters
10 years later, indicted tech CEO pleads guilty to one count of securities fraud  CNBC
DIY disaster sends Australia's Woolworths to record loss
Woolworths, Australia's biggest supermarket chain, has reported a record annual loss of A$1.2bn (�690m), following its decision to quit the DIY market.
Woolworths grocery earnings fall sharply  NEWS.com.au
AUSTRALIAN STOCKS SLIP: What you need to know  Business Insider Australia