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US futures hit by Apple stock after massive tax ruling

Key Points


U.S. stock futures were under pressure, with Apple (AAPL) shares lower in premarket trading. The EU this morning ordered the Irish government to claw back up to $14.5 billion plus interest in taxes from Apple. Ireland and Apple vowed to appeal. (CNBC)

With just two trading days left in August, the Dow and S&P 500 were coming off their best performances in weeks. The Dow gained 108 points Monday. But September has historically been the worst month of the year for the stock market. (CNBC)

Hershey (HSY) shares were tanking about 11 percent in premarket trading, after Mondelez (MDLZ) ends its effort to takeover the chocolate maker. Hershey rejected a $22.3 billion buyout offer. Mondelez shares were gaining about 3 percent in the premarket. (CNBC)

Ahead of the tax order, Apple announced Monday a major product event for Sept. 7, a week from tomorrow. The tech giant is expected to unveil a new iPhone and Apple Watch. One of the rumored features of the new iPhone is the removal of the headphone jack. (CNBC)

An Alphabet (GOOGL) executive has stepped down from Uber's board after nearly three years, a signal of increased overlap in autonomous vehicles. Alphabet's venture capital arm invested $250 million in the ride-hailing firm in 2013. (Reuters)

Fox News is striking back against its former anchor Andrea Tantaros, filing a motion to move her sexual harassment lawsuit into arbitration. In court papers, the network said, "Tantaros is not a victim; she is an opportunist." (NY Times)

Hackers based in Russia were behind two recent attempts to breach state voter registration databases, fueling concerns the Russian government may be trying to interfere in the U.S. presidential election, American intelligence officials tell NBC News.

Hillary Clinton's national lead over Donald Trump has narrowed slightly to 6 points, 48 percent to 42 percent, according to the latest NBC News|SurveyMonkey Weekly Election Tracking Poll

Wall Street is pricing in a landslide victory for Hillary Clinton, according to Bank of America Merrill Lynch. Market participants also expect a split Congress, with the GOP remaining in control of the House but the Democrats winning the Senate. (CNBC)

Hillary Clinton's life as secretary of State was exhausting. A CNBC reporter read all 3,721 pages of her schedule, finding she met with billionaires and celebrities, often left the office for unexplained appointments, and flew mostly commercial or on Air Force planes.

Beachgoers, boat captains, and business owners on North Carolina's Outer Banks are warily watching two tropical weather systems that could bring heavy rain today and then again over the long Labor Day weekend, summer's last hurrah. (NBC News)


In the lead-up to the Friday's main event, the government's August jobs report, investors get two economic reports today: S&P/Case-Shiller home price data for June at 9 a.m. ET and consumer confidence for August at 10 a.m. ET.

Traders are still adjusting their views on whether they think the economy is strong enough to warrant a Fed interest rate increase, after strong signals from top central bank officials last week that a hike was possible as early as next month.


American Airlines (AAL) President Scott Kirby is leaving the carrier to take on the same role at United Continental (UAL). United CEO Oscar Munoz, who came from the rail industry, created the position for Kirby.

Alaska Airlines (ALK) is planning to cut about 225 management jobs at Virgin America, or about 8 percent of the workforce, starting in October, following the completion of its $4 billion takeover.

Southwest Airlines (LUV) has reached a tentative contract deal with its pilots' union, after four years of talks. The union said the agreement includes retroactive pay increases back to 2013.

More than 40 percent of U.S. Volkswagen (VLKAY) owners have signed on to the diesel emissions cheating settlement. VW plans to spend up to $10 billion to buy back or repair vehicles, and pay owners up to $10,000 each.

Valeant (VRX) is being sued by buyers of its drugs, who claim they were forced to pay sky-high prices stemming from the company's relationship with a specialty pharmacy that helped boost its sales.


Gene Wilder, the frizzy-haired actor who brought his deft comedic touch to such unforgettable roles as the neurotic accountant in "The Producers" and the deranged reanimator of "Young Frankenstein," has died. He was 83. (AP)