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U.S. markets news

Oracle just bought a company Larry Ellison mostly owns, entitling him to $3.5 ...
In perhaps the least shocking acquisition news in software history, Oracle has agreed to buy NetSuite for $109 share, or about $9.3 billion.
Oracle and NetSuite: Longtime 'sweethearts' united at last  Computerworld
Oracle Buys NetSuite  PR Newswire (press release)
Bloomberg  
Chipotle to debut better burger concept this fall
Tasty Made, the long-rumored new better-burger concept by Chipotle Mexican Grill Inc., is readying its debut. Chipotle executives confirmed Thursday that it will open a restaurant in Lancaster, Ohio, this fall that will serve burgers, fries and shakes ...
Chipotle will now make burgers  CNNMoney
Chipotle branching out, plans to open burger restaurant  Tulsa World
US jobless claims rise; labor market still strong
WASHINGTON The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labor market strength.
Applications for US jobless aid rise to still-low 266000  Chicago Tribune
Six facts about the higher Atlanta jobless rate  Atlanta Journal Constitution
Uber and Didi are now legal in China but the struggle to sign up drivers may ...
The drafted guidelines require drivers to have at least three years of experience and less than 380,000 miles on their car. By Johana Bhuiyan @JMBooyah Jul 28, 2016, 1:42p.
China Legalizes Ridesharing, Opening The Door For Uber, Didi  Forbes
Now Legal In China: Uber  Huffington Post
Ford's darkest day in 5 years
The No. 2 U.S. auto maker warned on Thursday of a growing list of global risks and suggested the previously-roaring American market may have peaked.
Ford (F) CEO Fields 'Staying Focused,' He Tells BloombergTV  TheStreet.com
GNC Goes South After C-Suite Shake-Up
Shares in the retailer of nutritional supplements plummet on Thursday as it announces the departure of CEO Archbold after a less than two-year-long turnaround attempt.
GNC shares plunge after CEO resigns and company suspends earnings guidance  CNBC
Why GNC Holdings Inc. Stock Tumbled Today  Motley Fool
Volkswagen passes Toyota as largest automaker in 2016's first half
Volkswagen Group accelerated past Toyota Motor for the title of world's largest automaker for the first half of 2016 despite the German automaker's slumping U.S.
Is America's Insatiable Appetite For New Cars Finally Fading?  Jalopnik
Never Mind The Scandals: Volkswagen World's Largest Automaker In First 6 ...  Forbes
US 30-year mortgage rate hits highest in nearly a month: Freddie Mac
NEW YORK Interest rates on U.S. 30-year mortgages rose to their highest levels in nearly a month even as U.S. Treasury bond yields have held in a tight trading range since last week, mortgage finance agency Freddie Mac FMCC.
Mortgage Rates Fall From Freddie Mac's 3.48% Published Rate  The Mortgage Reports (blog)
Mortgage rates are up again but remain below norms  Washington Post
Alere, facing criminal probe, clings to Abbott deal
(Bloomberg) - Alere Inc. is facing a U.S. investigation over Medicare and Medicaid billing practices, adding an additional legal probe as the company tries to hold onto its deal to be bought by Abbott Laboratories.
Alere Faces Criminal Probe Over Billing -- WSJ  Nasdaq
Justice Department probes Alere over Medicare, Medicaid billing  Reuters
Debt Collectors' Abuses Prompt Consumer Agency to Propose New Rules
Susan Macharia's wages were garnished for a credit card debt that was not hers. She eventually got a pro bono lawyer, who got the case dismissed and got her garnished wages returned.
CFPB Unveils Overhaul of Debt Collection  Wall Street Journal
Debt-collection Proposals: Fewer Calls, Easier to Dispute  U.S. News & World Report