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U.S. markets news

Icahn Mocks Ackman's 'Obsession' After Raising Herbalife Stake
Herbalife Ltd. backer Carl Icahn waited until after Friday's market close to contradict fellow billionaire Bill Ackman, spending the day adding 2.3 million shares to his stake in the nutrition company as its stock tumbled.
CARL ICAHN: Bill Ackman is a liar  Business Insider
Icahn denies attempt to sell Herbalife stock, buys more shares  Reuters
Winston-Salem Journal  
Fed's Yellen sees stronger case for interest rate hike
JACKSON HOLE, Wyo. The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bankand other policymakers said on Friday in comments that left the door open for a hike as early as next month.
Losses Piling Up for S&P 500 as Weekly Drop Is Worst Since June  Bloomberg
Stocks Fall After Yellen's Remarks  Wall Street Journal
Drug companies spend millions to keep charging high prices
Pharmaceutical heavyweight Mylan, the latest poster child for drug-industry greed, finally stuck up for itself Thursday. It argued that “the system,” not avarice, was to blame for the company jacking up the price of EpiPens, a common (and life-saving ...
Painted as EpiPen Villain, Mylan's Chief Says She's No Such Thing  New York Times
Dear EpiPen Customers . . .  Wall Street Journal
St. Jude says report by short sellers 'false and misleading'
The ticker and trading information for St. Jude Medical is displayed where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S.
Medical device security ignites an ethics firestorm  CIO
St. Jude Denies Report Its Heart Devices Are Vulnerable to Cyberattacks  Wall Street Journal
Lotte Executive Found Dead Amid South Korean Corruption Inquiry
Inspectors in Yangpyeong, South Korea, on Friday examined the car owned by Lee In-won, the vice chairman of the Lotte Group. Mr. Lee's body was found on Friday and a note was recovered from inside the car.
Lotte vice chairman found dead amid probe; suicide suspected  Reuters
Lotte vice chairman Lee In-won found dead  BBC News
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.
Helping dairy farms, USDA buys $20 million worth of cheese  Richmond Register
Why the US government wants Americans to eat more cheese  Christian Science Monitor
Citigroup analysis: Trump victory would cause economic downturn
A couple of months ago, four economists at Moody's Analytics prepared a report intended to provide clients with useful information: the “cumulative economic benefits and costs” of Donald Trump's agenda.
Citigroup economist: Trump election could spur global recession  The Hill
Citigroup: A Trump Victory in November Could Cause a Global Recession  Bloomberg
Fight Over Viacom Control Ends as Granddaughter Backs Off
A months-old battle over the control of a $40 billion media empire anchored by Viacom Inc. -- a fight that pitted family members and old friends against each other -- may finally be done.
Paramount Pictures Chief Gets Vote of Confidence  Wall Street Journal
Another Fight in the Redstone Family Feud Is Defused  New York Times
Politics|Amtrak's Answer for Aging Acela Fleet: 160 MPH Trains
Vice President Joseph R. Biden Jr., left, and Anthony R. Coscia, Amtrak's chairman, at a news conference to announce the loan for the new trains, in Wilmington, Del.
Biden: $2.45B loan for Amtrak upgrades in Northeast Corridor  U.S. News & World Report
Biden announces $2.45 billion federal loan to Amtrak  CNN
By going private, Rackspace looks to fuel its cloud evolution
Rackspace, a company that was an early player in the cloud market, is being forced to evolve or continue to be left behind. The cloud and web-hosting company announced today that it's being acquired by Apollo Global Management, a U.S.
Succumbing to Amazonian cloud rivals, Rackspace goes private  Chicago Tribune
Rackspace Finally Seals a Deal  Bloomberg