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U.S. markets news

15 US stocks get absolutely crushed by 'Brexit'
The United Kingdom's decision to pull out of the European Union is sending global markets sharply lower. But the pain is being felt hardest by a handful of companies most exposed to the decision.
Shares of BorgWarner Inc. Drop 10% After Brexit Vote  Motley Fool
BorgWarner Inc. Stock Is Crashing Now. What To Expect?  Engelwood Daily
What investment managers are saying about 'Brexit'
To star Los Angeles investor Jeffrey Gundlach, bull markets and bear markets aren't about how much stocks have climbed or fallen, but about teamwork - whether players in the economy are working together.
Gundlach: Calm Down, Avoid Stocks, Buy Gold and Bonds  Newsmax
Gundlach: DoubleLine sold its European equities late Thursday  Reuters
Energy Transfer Cleared to Walk Away From Williams Takeover
Billionaire Kelcy Warren just won a huge hand in the biggest M&A poker game he's ever played in the U.S. oil patch. Eighteen months after Warren's Energy Transfer Equity LP began talks to acquire rival pipeline giant Williams Cos.
Court says ETE can walk away from $20 bln Williams takeover  Reuters
Energy Transfer Equity Announces Chancery Court Decision in Litigation with ...  Business Wire (press release)
British brace for economic repercussions of EU exit decision
LONDON - The British were warned for weeks that a vote to leave the European Union would result in economic pain. Now they'll find out.
Wilkes professor says UK “profoundly impacted” by vote to exit EU  Wilkes Barre Times-Leader
SEC Sues 'Frack Master' for Investor Cash Spent on Strippers
Calling himself the “frack master,” Texas businessman Chris Faulkner charmed hundreds of investors and major media companies into believing he had extensive experience in energy markets.
Breitling's 'Frack Master' bilked investors out of $80 million ...  Fort Worth Star Telegram
SEC Accuses 'Frack Master' of Defrauding Investors  Wall Street Journal
Illinois insurance co-op sues feds over health law payments
CHICAGO -- A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act.
This One Weird Consequence of Obamacare Could Either Save—or Cost—You Big ...  AlterNet
Will House Republican Health Proposal and Trustees' Report Make Medicare ...  Wall Street Journal (blog)
Closer to the Brink for Social Security and Medicare
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Some Social Security will be there for millennials  On Wall Street
What all public employees should know  Montgomery Advertiser
Skullcandy to Be Gobbled by Incipio, Not Founder
The buyer owns several consumer electronics brands and is backed by Goode Partners, which once owned a stake in Skullcandy. Laura Berman.
Skullcandy (SKUL) to be Acquired by Incipio for $5.75/Share  StreetInsider.com
Popular phone accessory company Incipio to buy headphone maker Skullcandy  WinBeta
Florida consumer confidence slips to match an 18-month low
Consumer confidence among Floridians fell again last month to tie with September 2015 for the lowest reading in 18 months, according to a University of Florida survey released Friday.
Consumer spending keeps economy afloat in June  U of M News Service
Michigan Consumer Sentiment: June Final Below Expectations  ETF Daily News
US Durable-Goods Orders Fell 2.2% in May
American businesses were pulling back on purchases of new equipment even before the U.K. vote to exit the European Union rocked global financial markets, a sign of corporate caution that will likely continue to act as a brake on the economy.
Durable-goods orders sink across the board in May  MarketWatch
Now This: May Durable Goods Much Weaker than Expected  Barron's (blog)