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U.S. markets news

Dan Price who made minimum salary $70000 for all at Gravity Payments has run ...
A company boss who told all his 120 staff that they would be given a minimum wage of $70,000 (47,000) has had to rent out his home to make ends meet.
Move to raise employees' minimum salary to US$70000 reportedly backfires ...  The Straits Times
US CEO who cut salary by 90 percent to give employees pay rise struggling ...
Yibada (English Edition)  
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.
U.S. employment costs post smallest increase on record  Business Insider
Employment costs in US post smallest gain on record  Junior College
UPDATE 1-Honda profit up 20 pct as robust US sales, weak yen offset quality costs
... * Q1 net profit 186.04 bln yen vs 155.60 bln yen year ago. * Number beat analysts' estimate of 145.75 bln yen. * North America car sales up 11 pct, global sales up 4.9 pct.
Honda's Hit SUV Just Saved Its Quarter  Bloomberg
Nearly 20 percent rise in Honda's April-June profit  Business Standard
Verizon's workers say no strike for now, union talks continue
NEW YORK Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired.
Verizon Workers to Stay on Job Without New Contract  ABC News
Verizon Misses Deadline for Union Contract; No Strike for Now  Wall Street Journal
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
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
Yahoo tries to get more fashionable with Polyvore purchase
SAN FRANCISCO (AP) - Yahoo is buying style-tip specialist Polyvore in its latest attempt to become a more fashionable place to advertise.
Yahoo buys social shopping site Polyvore  CTV News
Yahoo Snags Social Commerce Site Polyvore  Wired
China's leaders focus on economic growth, risks
China's top decision makers have prioritized addressing the nation's economic slowdown, while emphasizing risk prevention to try to steady the economy for the rest of the year.
When China Stopped Acting Chinese  Gold Seek
As Chinese shares fall, the real fear is that the economy itself is grinding ...  HITC
MtGox Bitcoin CEO 'misused customer funds': Japanese media
TOKYO: Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday.
Leader of Mt. Gox Bitcoin Exchange Arrested in Tokyo  TIME
Head of failed bitcoin exchange arrested  Jamaica Gleaner (subscription)
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
Study: Delaware's economic growth lagging behind most of nation  WDEL 1150AM