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U.S. markets news

Pot industry's bank bid rejected by federal regulators
DENVER (AP) - A Colorado credit union is hoping a federal judge will intervene to let the booming marijuana industry move its finances from cash-stuffed suitcases to the regulated banking system.
Pot industry banned from using banks  National Monitor
Denver marijuana-centric credit union sues for federal insurance
Benchmark Reporter  
Puerto Rico's GDB services debt, no mention made of separate bond payment due
The Government Development Bank for Puerto Rico said it made a debt-service payment ahead of Saturday's deadline, although its statement makes no mention of a separate bond payment also due immediately.
Puerto Rico to miss payment, default looms  USA TODAY
O'Malley to highlight health, debt crisis in Puerto Rico  CNN
Leader of Mt. Gox Bitcoin Exchange Arrested in Tokyo
Mark Karpeles Mt. Gox bitcoin Yuya Shino—Reuters Mark Karpeles, chief executive of Mt. Gox, attends a news conference at the Tokyo District Court on Feb. 28, 2014.
Mt. Gox CEO Karpeles arrested by Japanese police  PCWorld
Former head of bitcoin exchange arrested in Japan  Business Standard
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.
Wage Growth in U.S. Halts During Second Quarter, Sentiment Falls  WKRB News
US labor costs for second quarter recorded smallest increase in 33 years  The Standard Daily
Electronic Arts falls as new 2016 outlook disappoints
REDWOOD CITY, Calif. (AP) - Shares of Electronic Arts slipped in aftermarket trading Thursday after the video game maker's new forecast fell short of Wall Street estimates.
Electronic Arts Down 4%: FYQ1 Beats; Q2, Year Views Miss  Barron's (blog)
Microsoft said to invest about $100 million in Uber
Microsoft has agreed to invest about $100 million in Uber Technologies, at a valuation of about $50 billion, said a person with knowledge of the matter said.
Uber reaches $50B valuation with new funding, report says  Chico Enterprise-Record
Uber Valuation Places Startup's Worth At Over $50 Billion  Immortal News
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.
Yahoo tries to get more fashionable with Polyvore purchase  Financial Express
Yahoo buys social shopping site Polyvore  CTV News
FAA: 2nd drone sighting Friday near Kennedy Airport
The Federal Aviation Administration is investigating a second drone sighting near Kennedy Airport on Friday afternoon, the agency said.
FAA: 'Unmanned aircraft' seen flying near NYC airport
Jet Misses Drone by Only 100 Feet While Landing at JFK  ABC News
Seattle CEO who set firm's minimum wage to $70G says he has hit hard times
The Seattle CEO who reaped a publicity bonanza when he boosted the salaries of his employees to a minimum of $70,000 a year says he has fallen on hard times.
Dan Price, Seattle CEO who set company minimum wage at $70K, now struggles ...  Washington Times
This CEO gave his lowest-paid employees huge raises and it made some people ...  Vox
Verizon workers poised to strike if company fails to reach deal with unions
Verizon workers take part in a rally in New York as they negotiate a union contract. Photograph: Eduardo Munoz/Reuters. Associated Press in Washington.
Verizon strike possible as contract deadline looms
Tens of Thousands of Verizon Workers Set to Strike Pending Contract  NY1