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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
USA TODAY  
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
Janet Yellen, Once the Challenger, Is Now the Challenged  Wall Street Journal (blog)
Painted as EpiPen Villain, Mylan's Chief Says She's No Such Thing
Heather Bresch, chief of Mylan, which has a reputation for bare-knuckled tactics that have angered competitors and investors. Credit Andrew Hetherington/Redux.
Drug companies spend millions to keep charging high prices  Los Angeles Times
Dear EpiPen Customers . . .  Wall Street Journal
St. Jude Denies Report Its Heart Devices Are Vulnerable to Cyberattacks
St. Jude Medical Inc. STJ 0.24 % on Friday denied allegations made by a research firm that its pacemakers and other heart devices were vulnerable to hacking and other cybersecurity threats.
St. Jude Denies Short Seller's Claims; Abbott Remains Committed  Bloomberg
Medical device security ignites an ethics firestorm  CIO
More companies commit to equal pay pledge on Women's Equality Day
Facebook, Apple, and CVS are among 29 companies that on Friday promised to work toward erasing the gender pay gap by signing onto the White House's Equal Pay Pledge, the Obama administration announced Friday.
Apple, Facebook, IBM, and Microsoft Promise to Pay Women as Much as Men  Fortune
Fact Sheet: White House Announces New Commitments to the Equal Pay Pledge  Whitehouse.gov (press release)
Lotte Vice President Found Dead Amid Finance Inquiry
SEOUL—The suspected suicide of the second-in-command of Lotte Group, one of South Korea's largest conglomerates, added tragedy to a management crisis that has engulfed the company for a year-and-a-half.
Lotte vice chairman found dead amid probe; suicide suspected  Reuters
Exec hangs himself as criminal probe heats up  New York Post
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  Bloomberg
Rackspace sells to Apollo Global for $4.3 billion  Houston Chronicle
Declining inventories crimp US second-quarter growth, consumer spending ...
WASHINGTON U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending.
US Corporate Profits Climb as GDP Ticks Down to 1.1%  Wall Street Journal
Economy in U.S. Grew at 1.1% Rate, Slower Than First Estimated  Bloomberg
DealBook|Abbott's No Good, Very Bad M&A Week
Abbott Laboratories has announced two large acquisitions over the last year. In recent days, both deals have become major land mines.
Form DEFA14A AGILYSYS INC  StreetInsider.com
Abbott's Acquisitions in Question as Issues Arise About Alere, St. Jude  TheStreet.com
California Fee-Transparency Bill Awaits Governor's Signature
A California bill requiring the state's pension funds to secure detailed fee disclosures from private-equity firms is awaiting the signature of Gov.
Lawmakers OK Pavley Bill Requiring Health Plans to Cover Year's Supply ...  SCVNEWS.com
California governor signs bill banning coal-export funding  Fredericksburg.com