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U.S. markets news

This is what Yellen could say that would change everything
The risk to markets Friday is that Fed Chair Janet Yellen simply sounds more ready than markets expect to raise rates for the second time in 10 years.
Fed Chairwoman Janet Yellen Sees Stronger Case for Interest-Rate Increase  Wall Street Journal
Fed's Yellen says case for interest rate hike has strengthened  Reuters
USA TODAY  
Drug companies spend millions to keep charging high prices
Pharmaceutical heavyweight Mylan, the latest poster child for drug-industry greed, finally stuck up for itself Thursday. It argued that “the system,” not avarice, was to blame for the company jacking up the price of EpiPens, a common (and life-saving ...
Here's why it's ridiculously tempting for the CEO of Mylan to keep ...  Business Insider
'The system is broken' and EpiPens are just the tip of the iceberg  USA TODAY
Herbalife Deals and Blockchain Dreams
Matt Levine is a Bloomberg View columnist. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz and a clerk for the U.S.
Carl Icahn Mulled Selling Herbalife Stake to Group That Included Bill Ackman  Wall Street Journal
A Big Swing From Bill Ackman In The Billionaire Fight With Carl Icahn Over ...  Forbes
Today: Second quarter GPD, round 2
GDP UP 1.1 PERCENT: U.S. GDP grew 1.1 percent in the second quarter of 2016, the Commerce Department reported today.The growth rate was lower than an initial estimate of 1.2 percent but higher than the first quarter of 2016's 0.8 percent.
Declining inventories curb US second-quarter growth; consumption surges  Reuters
US Corporate Profits Climbed as GDP Ticks Down to 1.1%  Wall Street Journal
Uber Lodging Losses Despite Growth
Ridesharing app Uber may be enjoying brisk business as it expands around the globe, but the company isn't making money as a result.
Plenty of Room for Competition Among Ride Providers, Analysts Say  Fortune
Uber lost a whopping $1.27 billion in the first half of 2016  Business Insider
Analysts' Actions -- Burlington, Dollar General, Dollar Store, Viacom and More
Here are Friday's top research calls, including downgrades for Burlington Stores, Dollar General, Dollar Tree and Viacom. TheStreet Staff.
How Walmart Won Back Shoppers From Dollar General  Fortune
Dollar General vows aggressive pricing to boost store traffic  Retail Dive
Lotte vice chairman Lee In-won found dead
The vice chairman of South Korea's Lotte Group has been found dead hours before he was to be questioned in a corruption probe.
Exec hangs himself as criminal probe heats up  New York Post
Lotte Executive Found Dead Amid South Korean Corruption Inquiry  New York Times
Anheuser-Busch InBev to Cut Jobs After SABMiller Merger
LONDON - Anheuser-Busch InBev said on Friday that it expected to eliminate at least 3 percent of its combined work force as part of cost-cutting efforts following its proposed merger with SABMiller over the next several years.
AB InBev to cut thousands of jobs after merger  USA TODAY
Bumper US$2bn payday for advisers on SABMiller deal  Reuters
Stocks tick higher on Wall Street
Stocks are opening higher on Wall Street following two days of declines. A handful of stocks were moving higher early Friday after reporting results that were better than analysts had expected.
Markets Right Now: Stocks open higher on Wall Street  Bluefield Daily Telegraph
Rackspace to Go Private in $4.3 Billion Deal
Cloud-computing provider Rackspace Hosting Inc. RAX 4.16 % is being taken private by private-equity firm Apollo Global Management LLC for $4.3 billion.
Rackspace Accepts $4.3 Billion Go Private Offer  Forbes
Apollo Global Is Taking Rackspace Private in a $4.3 Billion Deal  Fortune