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U.S. markets news

STANLEY FISCHER: These 7 charts give me 'good reason to believe' inflation ...
stanley fischer REUTERS/Jonathan Crosby. Stanley Fischer isn't worried about the low inflation we're seeing in the economy.
Fed's Fischer sees inflation rebound, allowing gradual rate hikes  Reuters
Mohave Valley News  
China is growing at 'reasonable' pace despite pressures: Premier Li
BEIJING China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said.
China, domestic GDP and RBA rates decision provide plenty of drivers  Sydney Morning Herald
Q&A about this week's market turmoil in China and beyond  Financial Express
Berkshire Hathaway builds stake in refiner Phillips 66
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
Berkshire Hathaway Takes Larger Stake in Phillips 66  New York Times
Buffett's Berkshire takes $4.48 billion stake in Phillips 66  Reuters
US Army's $30 billion Humvee deal creates tension in the defense firms
U.S. Army has just awarded a contract to Oshkosh for a $30 billion Humvee replacement deal, and the agreement is creating serious waves throughout the defense industry.
Defense firms consider formal protest against US Army's Humvee contract  Benchmark Reporter
Oshkosh Corp won a $30bn contract to replace US Army's Humvee  Pulse Headlines
Atari Games Dug Up In Landfill Sell For $100k
Hundreds of Atari game cartridges dug up in a New Mexico landfill last year have generated more than $100,000 (�65,000) in sales over the last several months.
Sales of Unearthed Atari Games Total More Than $100000  FOX40
Sales of Unearthed Atari Games Total $100000
China to cap 2015 local government debt at 16 trillion yuan: Xinhua
China's parliament approved on Saturday a cabinet plan to cap total outstanding local government debt at 16 trillion yuan ($2.5 trillion) this year, the official Xinhua news agency reported.
Audacious move: China scraps loan-to-deposit ratio cap  The Express Tribune
China adopts local government debt ceiling  AsiaOne
Key Inmarsat rocket flight from Kazakhstan 'a success'
A rocket mission to put a new spacecraft in orbit for London-based Inmarsat has been declared a success. The Russian Proton vehicle ejected the satellite high above Papua New Guinea in the early hours of Saturday (GMT).
Boeing-built Satellite Will Create First Global High-Speed Broadband Network (press release)
Russian Proton-M rocket successfully launches Inmarsat-5 F-3 satellite  RT
Pentagon funding new venture to develop flexible sensors
The high-tech investment could lead to wearable health monitors that could be built into military uniforms or used to assist the elderly.
Pentagon, Apple, Boeing to develop wearable military tech  IBNLive
Pentagon funding becomes quite a high-tech venture
Twitter Is The Latest Tech Company To Half-Heartedly Commit To Diversity
The modest goal is among several diversity objectives at Twitter that the tech company announced Friday, marking its first time publicly pledging targets.
Twitter sets modest goals to diversity its workforce  Savannah Morning News
Twitter Setting Modest Goals to Improve Diversity  Press Examiner
How the IMF's misadventure in Greece is changing the fund
Five years later, after the biggest bailout in the fund's history, Greece failed to make a USD 1.7 billion payment as required at the end of June - the first advanced economy ever to default on the IMF.
Crisis in Greece: IMF's Lagarde says restructuring should suffice  The Express Tribune
IMF Chief Lagarde: 'Total Debt Cancellation For Greece Is Not An Option'  Greek Reporter