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U.S. markets news

ECB Cuts Growth Forecast, Saying It's Ready to Expand Stimulus if Needed
FRANKFURT - The European Central Bank opened the door to an increase in its economic stimulus program on Thursday as it issued a more pessimistic growth forecast.
FOREX-Euro steadies after recent gains, focus on ECB comments  Reuters
Analysts Respond to ECB Chief Mario Draghi's Comments  Wall Street Journal
USA TODAY  
Jobless claims rise, but labor market strengthening, say experts
Applications for unemployment benefits rose to 282,000 last week, higher than economists expected, but lower on average for the 23rd week in a row, a sign typical of a strengthening labor market.
Jobless Claims in U.S. Rose More Than Forecast Last Week  Bloomberg
US Jobless Claims Rise by 12000  Wall Street Journal
Canada's Trade Deficit Narrows in July
OTTAWA—Canada's trade deficit narrowed in July, beating expectations and bolstering hopes the economy is improving after a weak first half of the year.
WRAPUP 1-Shrinking US trade gap shows economy's underlying strength  Reuters
US trade deficit drops 7.4% in July as imports fall  USA TODAY
France says wing part found on Reunion island definitely from MH370
PARIS The piece of wing found on the shore of Reunion Island in the Indian Ocean has been formally identified as part of the wreckage of Malaysian Airlines flight MH370, the Paris prosecutor said on Thursday.
French investigators: Wing part is from Malaysia Airlines Flight 370  CBS News
MH370: Reunion wing debris 'certainly' from missing flight  BBC News
How Friday's Jobs Report Could Affect Interest Rates
Recent global market shocks have put the Federal Reserve in a bind: Should the central bank try to calm nerves on Wall Street by postponing a long-awaited interest rate hike?
Further dollar rally hinges on Fed hiking rates soon: Reuters poll  Reuters
Stock Market Turmoil: Dow Opens Higher on Solid Jobs Data  NBCNews.com
VW's finance chief set to become new chairman
BERLIN Volkswagen's (VOWG_p.DE) finance chief Hans Dieter Poetsch is set to become its next chairman, putting Europe's biggest carmaker on course for calmer waters after rival factions including ousted patriarch Ferdinand Piech united to back him.
VW to propose CFO Poetsch as chairman  The Detroit News
Volkswagen finance chief Poetsch set to become new chairman  KTAR.com
Verizon's AOL to Buy Millennial Media for About $250 Million
Verizon Communications Inc.'s AOL Inc. agreed to buy ad technology company Millennial Media Inc. for about $250 million, giving it another tool as it mounts a challenge to Google Inc. in mobile advertising.
AOL Continues Push to Rival Google and Facebook With Millennial Media Buyout  Wall Street Journal (blog)
AOL to acquire Millennial Media, a mobile ad firm, for about $250 million  Fortune
Meet Chris, the insanely overgrown sheep that nearly died for the sake of our ...
A hiker walking the Australian bush outside Canberra on Wednesday spotted something very strange. Against a backdrop of green grasses and brown shrubs stood a giant globe of white.
Lost sheep with overgrown coat found and shaved, yields enough wool to make ...  Times of India
The sheep had spent five years in the wilderness in Australia RSPCA/EPA  The Times (subscription)
General Mills selling Green Giant brand to B&G Foods for $765 million
General Mills (GIS) plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods (BGS) for $765 million, General Mills said Thursday.
B&G Foods Agrees to Buy Green Giant and Le Sueur Brands  New York Times
UPDATE 1-B&G Foods to buy General Mills' Green Giant business for ...  Reuters
Chipmaker Diodes to buy Pericom in $400 million deal
Chipmaker Diodes Inc (DIOD.O) said it would buy Pericom Semiconductor Corp (PSEM.O) in a deal valued at about $400 million to boost its analog and mixed-signal chip businesses.
Diodes to Buy Pericom Semiconductor for $400 Million  Wall Street Journal
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of ...  MarketWatch