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U.S. markets news

$70000 minimum salary causing hard times for Seattle CEO
Decision has forced CEO to rent out his own home in effort to stay afloat. Share on Facebook. Share on Twitter · Share on Reddit · Follow on Feedly.
Seattle $70K Minimum Wage Experiment Results: Good PR, Bad Business  National Monitor
Dan Price, Seattle CEO who set company minimum wage at $70K, now struggles ...  Washington Times
Seattle Sun Times  
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
Mt. Gox CEO Karpeles arrested by Japanese police
The CEO of failed Bitcoin exchange Mt.Gox was arrested in Japan early Saturday by police, according to several media reports. Mark Karpeles faces charges related to the loss of 650,000 bitcoins worth hundreds of millions of U.S.
Former Mt. Gox Arrested Under Suspicion Of Stealing Bitcoins  Gizmodo
Former head of bitcoin exchange arrested in Japan  Business Standard
Pot industry hits another roadblock in Colorado, credit union sues banking ...
The pot industry has hit a roadblock. Perhaps one of the most interesting and simultaneously frustrating topics for those within the pot industry has been the lack of banking options offered throughout the U.S.
Pot-Friendly Credit Union Wants Government to Provide Equal Access  Modern Readers
Pot industry's bank bid rejected by federal regulators  Herald and News
US wage growth falls to record-slow pace in 2nd quarter
WASHINGTON (AP) - U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring hasn't boosted pay.
The most disappointing chart in America  Inland Empire News
U.S. employment costs post smallest increase on record  Business Insider
New deal: Uber valuation tops $50b with latest funding, says report
If confirmed, the new investment would bring Uber's total capital raised to more than $5 billion and equal Facebook's record for a private venture-backed startup.
Uber valuation jumps to $51 Billion after latest funding round  Pulse Headlines
Uber raises $1bn with Microsoft help in latest fundraising round  Telegraph.co.uk
Verizon Faces Strike by 37000 as Contract Talks Go Down to Wire
Verizon employees stand on the picket line in front of the company's corporate office in New York, on Aug. 8, 2011. Photographer: Stephen Yang/Bloomberg.
Verizon strike possible as contract deadline looms  Allentown Morning Call
Yahoo buys shopping site Polyvore
Case in point: The tech giant announced Friday it will acquire Polyvore, the fashion-discovery site founded in 2007 by three former Yahoo engineers that lets users browse and buy clothes, accessories and beauty products.
The interesting story of how Marissa Mayer influenced the CEO of the company ...  Business Insider
Yahoo Buying Mountain View Style-Guide Website Polyvore To Boost Fashion ...  CBS Local
2 airliners fly within 100 feet of drone above New York
(CNN) Two airplanes flying near one of the nation's busiest airports each came within 100 feet of a drone on Friday, according to audio from each flight's radio calls.
Fears for airline passengers' safety as TWO commercial planes come ...  Daily Mail
FAA: 2nd drone sighting Friday near Kennedy Airport  Newsday
Bringing back `Maggi' on shelves is top priority, says Nestle India chief
Getting Maggi back on the shelves is the number one priority for Nestle India's new Managing Director Suresh Narayanan. Following the food safety regulator Food Safety and Standards Authority of India (FSSAI) order, the company, had to recall its ...
Nestle India targets growth in other businesses after Maggi scare  Reuters
Bringing Maggi back in market is first priority: Nestle India Chief  The Indian Express