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U.S. markets news

U.S. Treasury Steps Up Pressure on EU Over Apple Tax Dispute
The U.S. is stepping up its effort to convince the European Commission to refrain from hitting Apple Inc. and other companies with demands for possibly billions of euros in underpaid taxes.
Apple could be on the hook for $19 billion in taxes, and the Obama ...  Business Insider
US criticises EU tax probes ahead of Apple ruling  BBC News
Wall Street Journal  
HP Inc. tops Street 3Q forecasts but outlook clips stock
Shares in HP Inc. tumbled in extended trading Wednesday after the personal computer and printer maker beat expectations with its results for its fiscal third quarter but its outlook for the current quarter fell short of Wall Street estimates.
HP Inc beats estimates, weak printer demand weighs on forecast  Reuters
HP's Outlook Still Down Despite Improved PC Sales  Fortune
PRECIOUS-Gold edges higher as dollar dips, Fed in focus
Aug 25 Gold rose slightly on Thursday after hitting a four-week low in the previous session, with the dollar losing strength ahead of a speech by Federal Reserve Chair Janet Yellen that will be closely watched for clues on U.S.
How Wall Street Is Preparing for Yellen's Jackson Hole Speech  Bloomberg
Asia markets mixed, dollar strength weighs on oil  CNBC
Uber offers retirement plans to drivers as legal battle continues
The ride-hailing company announced today that drivers in several cities will be offered retirement plans through Betterment, an automated investment service.
Uber would rather give drivers lots of small benefits than make them real ...  Quartz
Uber partners with robo-adviser Betterment to offer IRAs to Seattle drivers  The Seattle Times
Federal judge puts Starbucks lawsuit on ice in California
A federal judge has thrown cold water on a lawsuit that claimed Starbucks defrauded customers by adding ice to its cold beverages.
Starbucks iced coffee lawsuit dismissed with chiding from judge  Richmond.com
No, You Can't Sue Starbucks For Putting Too Much Ice In Your Drink ...  LAist
Illinois submits Obamacare insurance premium increases to feds
The Illinois Department of Insurance said Wednesday it has submitted rate increases to the federal government that for some types of individual plans average 43 percent to 55 percent.
States Start to Approve Steep Increases in Health Premiums  Wall Street Journal
Obamacare rate hike won't bite most Nevadans insured through marketplace ...  Las Vegas Review-Journal
Hong Kong's Equity Bull Run Tires as Fed, China Concerns Return
The factors that fueled this year's bull run in Hong Kong stocks are turning brittle. Valuations that were among the world's lowest are now at five-year highs.
Hong Kong Market May Open Under Pressure  Nasdaq
Fraser Howie -- Don't expect miracles from China's newest stock link  Nikkei Asian Review
Pfizer to buy antibiotics from AstraZeneca for $725 million
HONG KONG - Pfizer Inc. agreed to buy an antibiotics business from AstraZeneca Plc for $725 million as well as other payouts, settling for one piece of a company it once tried to acquire.
Pfizer to buy rival's antibiotics rights  Press Herald
Portfolio Manager: Is Pfizer Acquiring Too Quickly?  TheStreet.com
Ex-CEO Admits to Options Fraud After Decade on Lam in Africa
The former chief executive of Comverse Technology Inc. who hid in Africa for a decade pleaded guilty to backdating stock options and was jailed immediately by a U.S.
Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing to Africa  Reuters
10 years later, indicted tech CEO pleads guilty to one count of securities fraud  CNBC
Wall Street stocks retreat, oil tumbles on oversupply concerns
A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. REUTERS/Toby Melville/File Photo.
A short history of stock market 'flash crashes' and 'freezes'  CNBC
Wall St. declines as healthcare, materials lag  StreetInsider.com