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U.S. markets news

Yellen Imagines a Future Where Fed Tinkers With Inflation Target
Federal Reserve Chair Janet Yellen raised the possibility that future policy makers might increase their inflation target and broaden the types of assets they can buy to enhance their ability to counteract a severe recession.
Stocks mostly lower as Street digests remarks from Yellen, Fischer  CNBC
US jobs data to test case for rate hike  Reuters
New York Times  
Mylan Reacts to EpiPen Backlash
Mylan MYL 1.29 % NV raced Thursday to counter a firestorm of criticism over its pricing of lifesaving EpiPens, saying it would help more patients cover their out-of-pocket costs.
Mylan CEO Should Resign (And Take Her 'Coupons' With Her)  Huffington Post
'The system is broken' and EpiPens are just the tip of the iceberg  USA TODAY
Declining inventories crimp US second-quarter growth, consumer spending ...
WASHINGTON U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending.
US Corporate Profits Climbed as GDP Ticks Down to 1.1%  Wall Street Journal
Second-quarter GDP still weak: 1.1%  MarketWatch
From berries to cheese, farm sector reaping millions through Depression-era ...
Many American farmers pride themselves on being self-reliant. But this year, they're getting more federal money from a Depression-era food purchasing program that's designed to combat a supply glut and low prices.
Why the US government wants Americans to eat more cheese  Christian Science Monitor
Helping dairy farms, USDA buys $20 million worth of cheese  The Rushville Republican
Uber Lost $1.27 Billion in the First Half of 2016
Big surprise: It turns out starting a company, investing in new technologies, and bringing services to new markets can be quite a money drain.
Plenty of Room for Competition Among Ride Providers, Analysts Say  Fortune
Uber loses more than $1 billion in first half of 2016  Las Vegas Review-Journal
Step Away From the Dollar Stores
The thesis around one of the easiest trades in the business got badly bruised on Thursday. Dollar stores such as Dollar Tree (DLTR) and Dollar General (DG) were hammered in response to their tepid fiscal second-quarter earnings and outlooks.
Was The Sell-Off Justified?  Seeking Alpha
How Walmart Won Back Shoppers From Dollar General  Fortune
Icahn-Ackman Herbalife Trade Could Be a Win-Win for the Brawling Billionaires
Carl Icahn's exploration of a sale of his Herbalife Ltd. HLF -4.81 % stake to a group of investors including William Ackman is rich with irony, but the nutritional-products company's shareholders aren't amused.
Herbalife Hit by Report That Icahn Wants Out  New York Times
Herbalife Ltd (HLF) Sells Off on Icahn's Exit, Ackman's Spin
Lotte Vice President Found Dead Amid Finance Inquiry
SEOUL—The suspected suicide of the second-in-command of Lotte Group, one of South Korea's largest conglomerates, added tragedy to a management crisis that has engulfed the company for a year-and-a-half.
South Korean exec kills himself before interview with prosecutors  New York Daily News
Lotte vice chairman Lee In-won found dead  BBC News
Apple, GM Join White House Initiative to Address Gender Pay Gap
Apple Inc., Facebook Inc. and General Motors Co., the first U.S. automaker to have a female chief executive officer, are among more than two dozen companies that added their names to a White House pledge to study gender pay gaps among their employees ...
Equal Pay Consortium Collaborating To Help Close Gender Pay Gap  PR Newswire (press release)
Fact Sheet: White House Announces New Commitments to the Equal Pay Pledge (press release)
Rackspace to go private after $4.3B acquisition by private equity firm Apollo
Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms, went public in 2008.
Rackspace Finally Seals a Deal  Bloomberg
Rackspace Finally Finds a Buyer