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U.S. markets news

Transit train crashes at NJ station, injuring 100
HOBOKEN, N.J. - More than 100 people were injured, many critically, when a commuter train slammed into a rail station Thursday, NJ Transit officials said.
At Least One Dead After New Jersey Transit Train Crashes Into Hoboken Station  New York Times
Hoboken train crash: 1 dead, more than 100 injured  CNN
Fox News  
Disclose or Not to Disclose? Wells Fargo Woes Shine Light on a Knotty Problem
When is something important enough to a company's business that it should tell investors? Wells Fargo WFC -0.27 % & Co.'s sales scandal provides a real-life window on the often-knotty question of deciding when a piece of information is “material” and ...
Wells Fargo Should Have Done More Sooner, CEO Stumpf Says  Bloomberg
Wells Fargo CEO John Stumpf is back on Capitol Hill to get grilled by...  Business Insider
National Amusements Officially Asks CBS and Viacom to Consider Merging
The rumors floating around all year that CBS Corp. and Viacom might recombine 10 years after they split apart are no longer just rumors: National Amusements has sent a letter to both boards, asking them to consider a merger in what would be an all ...
Weinstein Co. Sets Exclusive Film and TV First-Look Deal With Jay Z  Hollywood Reporter
In Letter, Redstones Urge Viacom and CBS to Explore Merger  New York Times
With Deal Done, OPEC Faces Hurdles in Making Output Cuts Work
The challenges OPEC will confront trying to limit output were evident just minutes after the group agreed on the new plan. In an angry and sometimes incoherent briefing, Iraq's oil minister railed against the journalists and analysts who estimate the ...
Stocks slide at open as OPEC deal skepticism sets in  MarketWatch
Oil shares lift global stocks, crude dips on doubt over OPEC deal  Reuters
Pending Home Sales Fall 2.4% in August
The number of homes in the U.S. that went under contract fell in August to the lowest level since January, the latest sign the housing market lost momentum in recent months.
U.S. Pending Home Sales Slump in August  U.S. News & World Report
Pending Home Sales Retreat in August  PR Newswire (press release)
US Second-Quarter GDP Revised Up to 1.4% Gain
WASHINGTON—The U.S. economy grew at a modestly faster pace in the second quarter than previously estimated, but the latest data confirms the expansion decelerated in the first half of the year.
GDP 2Q growth rises 1.4 percent in final reading vs. 1.2 percent estimate  CNBC
The US Economy Got a Boost During the Year's Second Quarter  Fortune
Germany's Commerzbank cuts nearly 10000 jobs, halts dividend
Visitors arrive at Commerzbank's headquarters before the bank's annual news conference in Frankfurt, Germany, February 12, 2016.
Commerzbank Plans Job Cuts in Biggest Overhaul Since Bailout  Bloomberg
Commerzbank to Slash Jobs, Scrap Dividend in Broad Revamp  Wall Street Journal
House Panel Questions Fed Chief on Wells Fargo Scandal
“I would have to consult my counsel, I'm not aware that that's a conflict,” said Janet Yellen, the Fed chairwoman, at a House panel.
Deep Dissent at the Fed: Is the Economy Overheating or Stuck in a Rut?
Does Donald Trump believe there's a global conspiracy to help Obama?  Washington Post
Pepsico: Drink Up This Stock
On Wednesday, Pepsico (PEP) once again smashed earnings estimates. It also hiked its earnings outlook for the second straight time this year, as it continues to benefit from a combination of input cost deflation, a shift to lower calorie drinks and the ...
PepsiCo's drinks, snacks boost sales in North America
Pepsi beats Coke thanks to junk food  KCCI Des Moines
African economic growth dips to two-decade low - World Bank
ABIDJAN, Sept 29 Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, its lowest level in two decades, due to continuing woes in the continent's largest economies South Africa and Nigeria, a World Bank report said on Thursday.
Economic Growth in Sub-Saharan Africa to Fall to 1.6 Percent  New York Times
Sub-Saharan African Growth Slumps, Says World Bank  Wall Street Journal