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U.S. markets news

India's Rajan Says Reserve Bank Is in an 'Accommodative' Policy Phase
JACKSON HOLE, Wyo.—The Reserve Bank of India is in an accommodative phase of monetary policy, meaning it is looking to reduce interest rates, RBI Gov.
Fed's Fischer says not clear how Fed discussions could affect China stocks  Reuters
Fed's Fischer: 'haven't made decision yet' on rate rise  Business Insider
A huge fight is about to erupt over US Army's $30 billion Humvee replacement
Oshkosh Corp. has just beaten out Lockheed Martin and AM General to built the Joint Light Tactical Vehicle - and they're not happy.
This Is the US Army's Replacement for the Famous Humvee  Ledger Gazette
Oshkosh Awaits Protests After JLTV Win
Focus turns to US data as China slowdown looms
NEW YORK - After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S.
China official blames Fed for global market rout, not yuan  The Standard Digital News (satire) (press release) (registration) (blog)
As the Stock Market Swings  New York Times
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 PSX 2.95 % 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
Warren Buffett's Berkshire Hathaway bets on oil rebound with Phillips 66 ...  The Australian Financial Review
Twitter sets modest goals to diversity its workforce
Twitter is setting modest goals to diversify its workforce while it fights a proposed class-action lawsuit that says the online messaging service discriminates against its female employees.
Twitter Sets High Diversity Goals for 2016  Immortal News
Twitter publicly shares diversity goals for 2016  Monterey County Herald
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.
Scotiabank sees gains in international operations profit  The Globe and Mail (subscription)
Scotiabank CEO touts positives of cheap oil as lender wraps week of bank ...  Montreal Gazette
Indian-origin trader fails to delay extradition bid from UK
LONDON: An Indian-origin lone trader accused of triggering the 2010 Wall Street "flash crash" which wiped nearly $1 trillion off the value of US shares in minutes has failed in a bid to delay his extradition to America.
'Flash crash' trader extradition hearing to go ahead  Press Examiner
'Flash Crash' Trader Navinder Sarao Denied Extradition Delay  Wall Street Journal
NYC's Taxis Finally Launch an App to Compete With Uber
Insiders of the city's taxi industry are finally launching an app that lets users hail cabs and pay for rides using a smartphone.
Meet Arro the yellow taxi industry's last best hope to compete with Uber  Crain's New York Business (blog)
Major Bread Recall Announced
Bimbo Bakeries is recalling packages of certain bread products across 11 states, after it received three consumer-reports of small pieces of glass found on the outside of the bread.
Bimbo Bakeries Recalls Bread Products over Glass Fragments  KTIC
This Bread, Sold In 11 States, Was Recalled For Possibly Having Glass In It  Bustle
France unsure plane part came from MH370, source says
(CNN) Experts in France have not been able to determine with certainty whether a piece of airplane wing found July 29 on an Indian Ocean island belongs to MH370, the Malaysian airliner carrying 239 people that disappeared 2014, a French source close to ...
Source: France unsure part came from MH370  YourErie