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U.S. markets news

Consumer spending rises in July; inflation muted
WASHINGTON U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
US Consumer Spending up Moderate 0.3 Percent in July  ABC News
US Consumer Spending Rose 0.3% in July  Wall Street Journal
Washington Post  
Mylan shareholders approve pursuit of Perrigo
NEW YORK - Mylan NV's shareholders approved the proposed buyout of Perrigo Co. and the generic drugmaker hopes to push ahead with a formal offer soon.
Deals of the Day: Mylan Shareholders Vote Yes, Icahn's Latest Move  Wall Street Journal (blog)
Mylan says shareholders back Perrigo takeover  Reuters
Pentagon teams up with Apple, Boeing to develop wearable tech
NEWPORT BEACH, Calif. The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet.
Pursuing Electronics that Bend, Pentagon Advances Partnership with Tech Firms  Wall Street Journal
Pentagon funding new high-tech venture  Washington Post
Scotiabank reports $1.85-billion Q3 profit, hiking dividend
TORONTO - Scotiabank (TSX:BNS) is raising its dividend following a third quarter that showed increased underlying profits from personal and commercial banking operations in Canada and abroad but weaker results from its investment banking division.
Scotiabank profit tops estimates, energy-sector bad loans rise  Toronto Sun
Bank of Nova Scotia Receives "Buy" Rating from Canaccord Genuity (BNS)  Dakota Financial News
UPDATE 1-Nokia agrees on "Shanghai Bell" joint venture with China Huaxin
(Adds CEO, analyst comments). HELSINKI Aug 28 (Reuters) - Finnish telecom equipment maker Nokia said it had agreed to create a Chinese joint venture with Huaxin in a move that could pave the way for China's approval for Nokia's proposed takeover of ...
Nokia, China Huaxin to create joint venture  MarketWatch
Finland's Nokia agrees on China joint venture with Huaxin  Economic Times
Key Apple suppliers seeking stake in Taiwan chip packaging firm
TAIPEI Iphone assembler Hon Hai Precision Industry Co Ltd will buy a 21 percent stake in Siliconware Precision Industries Co Ltd (SPIL), both firms said on Friday, days after another Taiwan-based Apple Inc supplier also said it wanted to buy into the ...
SPIL Turns to Foxconn as White Knight Against ASE's Hostile Bid  Bloomberg
SPIL and Hon Hai Precision Industry Co., Ltd. Entered into a Letter of ...  MarketWatch
Africa uneasy as China turmoil threatens investment boom
An artist's impression of Modderfontein City, to go up on land bought by Chinese investors from AECI. Image by: SUPPLIED. When Chinese company Shanghai Zendai bought 4,000 acres of land outside Johannesburg in 2013, it promised to build the "New ...
Will The Fallout From China Favour Equities, Bonds or the US Dollar?  Smarter Analyst
We fear China's growing power. But it is morally reprehensible to ...  The Independent
UPDATE 3-Olam gets new backer as Mitsubishi spends $1.1 bln on 20 pct stake
... * Olam to use funds for key acquisitions. * Olam to issue new shares to Mitsubishi at S$2.75/share. * Mitsubishi to also buy shares from founding family.
Olam Deal at Premium Sends Noble Group Toward Monthly Gain  Bloomberg
Roundup: Singapore stocks end up 0.36 pct  GlobalPost
Manspreading, fatberg, hangry added to Oxford online dictionary
WE'VE been offending commuters by manspreading, revelling in bants at wine o'clock and having a brain fart while talking about the Grexit so much they've all been added to the dictionary.
5 silly new words in the Oxford dictionary that could come in handy  MarketWatch
Why should 'manspreading' be just for men?  The Guardian
Key Inmarsat rocket flight under way
A rocket has launched from Kazakhstan carrying a hugely important spacecraft for London-based Inmarsat. The new satellite is needed to complete the roll-out of the company's �1bn ($1.6bn), next-generation, global telecommunications network.
Rocket Launch For UK Satellite Firm Inmarsat  Sky News
Russian Rocket Launches Inmarsat Satellite  Nasdaq