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U.S. markets news

US companies hold $2.1 trillion offshore
There's enough cash sitting in offshore bank accounts to wipe out the federal deficit - if only it was subject to U.S. taxes. That's because U.S.
Top 500 US firms keep $2.1 trillion in tax havens, study finds  Al Jazeera America
US companies are stashing $2.1 trillion overseas to avoid taxes, says study  Christian Science Monitor
Reuters Canada  
Drone startup issued biggest fine ever for flying without permission
The Federal Aviation Administration has fined drone startup SkyPan for flying without permits. Flying your drone without the Federal Aviation Administration's approval could cost you millions of dollars.
FAA proposes $1.9 million fine against SkyPan for 'reckless' drone ...  Washington Post
FAA Seeks Record $1.9M Fine Against Drone Company, Claims It Endangered “The ...  TechCrunch
Fiat Chrysler could lose $40 million weekly profit from strike: analyst
DETROIT Fiat Chrysler Automobiles NV (FCHA.MI) stands to lose $40 million of operating profit a week from a strike of its plants by the U.S.
5 Things to Read Today: Union Threatens Strike at Fiat Chrysler, EU Strikes ...  Wall Street Journal (blog)
Fiat Chrysler strike in US could cause issues at Ontario plants
Dorsey Squared: Tara Lachapelle
The Square app is where you go to get paid. Just don't count on the same being true when it comes to its stock. All signs point to a rocky market debut for the mobile-payments company, which is said to be planning to list shares before the end of the year.
Twitter Moments: 5 things to know about the new curated tab  MarketWatch
Twitter rolls out feature that showcases day's best tweets  Reuters
Can American Apparel really stay in LA?
With every turn in the saga that is American Apparel, experts wonder when the Los Angeles company will give up manufacturing in the U.S.
American Apparel Gets Quick OK for $90 Million in Financing  Bloomberg
NYSE Suspends Trading, Delists American Apparel Stock  CBS Local
Chinese ADRs Drop in U.S. as IMF Cites Slowdown Contagion Risk
Chinese stocks trading in New York fell for the first time in three days after the International Monetary Fund highlighted China's growth slowdown as a drag on global expansion, adding to concerns about the performance of the world's second-largest ...
Wall St mixed as IMF cuts global growth outlook  New Zealand Herald
IMF Downgrades Global Economic Outlook Again  Wall Street Journal
McDonald's all-day breakfast may be cheaper than the 'Dollar Menu & More'
You may not be able to get a McDonald's cheeseburger for $1, or even $2, at lunch, but now you could have a Sausage McMuffin for about $1.50.
McDonald's (MCD) Stock Up, All-Day Breakfast Begins
5 Things to Know About McDonald's All-Day Breakfast  TIME
US trade deficit widens to $48.3 billion in August
WASHINGTON (AP) - The U.S. trade deficit jumped sharply in August as exports fell to the lowest level in nearly three years while imports increased, led by a surge in shipments of cell phones from China.
CANADA FX DEBT-C$ ekes out gain as oil offsets trade deficit hit  Reuters
Mighty dollar sends US exports to 3-year low; iPhone imports surge  MarketWatch
Freeport-McMoRan considers exiting oil and gas business
NEW YORK (AP) - Freeport-McMoRan is considering spinning off its oil and gas business and other strategic alternatives to focus on its copper mining business.
DuPont up on CEO departure; Telsa's PT cut; Freeport-McMoRan may exit ...  Yahoo News
Amtrak to suspend national rail service without safety extension
WASHINGTON Oct 6 Amtrak has told U.S. lawmakers that it will suspend service on its national network in mid-December unless Congress extends a Dec. 31 deadline for implementing advanced safety technology, according to an Oct. 5 letter from Amtrak ...
Amtrak warms of partial shutdown unless Congress extends deadline for ...  Washington Post (blog)
Amtrak says it would suspend national rail service without safety extension  INFORUM