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U.S. markets news

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.
Economy in U.S. Grew at 1.1% Rate, Slower Than First Estimated  Bloomberg
US Corporate Profits Climbed as GDP Ticks Down to 1.1%  Wall Street Journal
Reuters  
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
Yellen Says Rate-Hike Case 'Has Strengthened in Recent Months'  Bloomberg
Why the new EpiPen coupons are more about helping the company than helping you
Mylan CEO Heather Bresch announced Thursday that the company is taking "immediate action to enhance access" to EpiPens. This includes coupons worth up to $300 off the price and expanding the criteria for its patient access program for lower-income ...
Here's why it's ridiculously tempting for the CEO of Mylan to keep ...  Business Insider
Mylan to Offer Some Patients Aid on Cost of EpiPens  New York Times
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.
A Big Swing From Bill Ackman In The Billionaire Fight With Carl Icahn Over ...  Forbes
Carl Icahn Mulled Selling Herbalife Stake to Group That Included Bill Ackman  Wall Street Journal
Uber Lost More Than $1.2 Billion In The First Half Of 2016 Alone
Bloomberg recently had an article that talked about mounting losses at one of the hottest unicorns out there. Uber, the ride hailing service, has reportedly lost a cool $1.27 billion in the first half of 2016 alone.
Plenty of Room for Competition Among Ride Providers, Analysts Say  Fortune
Uber Loses at Least $1.2 Billion in First Half of 2016  Bloomberg
The Search for Top Yields Continues on The Pro Farmer Crop Tour
It's better than good, but is it a record crop? That was the question scouts on the Pro Farmer Midwest Crop Tour were trying to answer as they headed into the big corn and soy... Latest News: Japanese Trade Organization Leader to Speak at UNL · Sorghum ...
3 Big Things Today, August 26  Agriculture.com
Crop Tour: Iowa corn yields, soy pod counts seen up from last year  Pork Magazine
Cramer: Don't Mistake Dollar Stores' Plunge for a Buying Opportunity
When is a 17% markdown in a stock not a bargain? When it's the stock of a dollar store. Yesterday's butchering of the dollar stores came about in a way that was so unfathomable to the unsuspecting analysts, so confusing, in such disarray, that you have ...
Dollar General vows aggressive pricing to boost store traffic  Retail Dive
How Walmart Won Back Shoppers From Dollar General  Fortune
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.
Lotte Executive Found Dead Amid South Korean Corruption Inquiry  New York Times
Lotte vice chairman found dead amid probe; suicide suspected  Reuters
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
Megabrew a Boon for Bankers, Lawyers With $2 Billion in Expenses  Bloomberg
Rackspace to Go Private in $4.3 Billion Deal
Cloud-computing provider Rackspace Hosting Inc. RAX 4.24 % is being taken private by private-equity firm Apollo Global Management LLC for $4.3 billion.
Apollo Agrees to Buy Cloud Seller Rackspace for $4.3 Billion  Bloomberg
Rackspace jumps after Apollo Global buys it in $4.3 billion deal  CNBC