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U.S. markets news

US consumer spending slows in June, inflation muted
WASHINGTON,- U.S. consumer spending in June recorded its smallest gain in four months as demand for automobiles softened, suggesting the economy lost some momentum at the end of the second quarter.
Americans Kept Spending in June to End Better Second Quarter  Bloomberg
Consumer spending rose modestly in June  USA TODAY
Wall Street Journal  
Greek shares plunge as market reopens
The main Athens stock index, the Athex, has fallen by 22.87% as trading resumes after a five-week closure. The nation's top four lenders - Piraeus Bank, National Bank, Alpha Bank, and Eurobank - were biggest fallers, all down by 30%, the maximum allowed.
Greek bank shares crash 30% as market reopens  CNNMoney
Greece news live: Bank shares collapse by 30pc in first day of trading in ...  Telegraph.co.uk
Italy's Exor wins battle to buy PartnerRe for $6.9 billion
MILAN Investment group Exor (EXOR.MI), which controls carmaker Fiat Chrysler (FCHA.MI) (FCAU.N), said on Monday it had signed a deal to buy PartnerRe (PRE.
Exor, PartnerRe Settle on Deal  Wall Street Journal
Exor Triumphs in Battle for Bermuda Insurer PartnerRe  New York Times
Stock futures little changed ahead of raft of data
U.S. stock index futures were little changed on Monday as investors await another batch of earning reports and a raft of economic data.
Oil CEOs' Grim Outlook Rubs Off on Speculators Fleeing Market  Bloomberg
Extended slump in oil taking toll on industry, economy  Southeast Missourian
China looks for scapegoats in continued stock market decline
It's official - foreign speculators are to blame. China's stock market rout hit a new phase over the weekend, as officials began acting on their convictions that traders are responsible in part for the crash that has sent shares downward by 30% in the ...
Asia Stocks Decline as China Manufacturing Data Weakens  Wall Street Journal
Euro zone factory growth steady in July despite Greek turmoil  Reuters
Brazil's Bradesco Deal Not Enough to Eclipse Itau
S�O PAULO—Banco Bradesco SA BBDO 2.54 % 's acquisition of the Brazilian unit of HSBC Holdings HSBC 0.13 % PLC is its biggest deal ever, but it isn't enough to push it past private-sector bank rival Itau Unibanco Holdings SA ITUB 0.70 % in terms of ...
UPDATE 4-HSBC sells up in Brazil as profits jump on Hong Kong boom  Reuters
HSBC profits fall 3.8 per cent in second quarter  Times of Oman
Nokia selling map biz to auto group for $3 billion
Nokia announced it will sell its mapping business Here to an auto consortium including Audi, BMW and Mercedes-Benz owner Daimler AG for $3.07 billion.
The Morning Download: German Car Makers Win Deal for Nokia Map Unit  Wall Street Journal (blog)
Nokia's digital mapping bought by German carmakers  BBC News
Tyson Foods cuts profit forecast on weak beef business
Tyson Foods Inc (TSN.N), the biggest U.S. meat processor, cut its profit forecast for the year ending September, citing export market disruptions in its beef business and high cattle costs.
Tyson Misses Earnings, Sales Expectations  Wall Street Journal
Tyson Cuts Profit Forecast as Beef Margins Shrink  Bloomberg
Kraft issues recall of cheese slices citing choking hazard
Kraft Heinz issued a recall Friday for some of their individually wrapped cheese slices called Singles citing a danger of choking.
Kraft Recalls Cheese Because People Are Choking on the Plastic  TIME
Thousands Of Kraft Cheese Singles Cases Recalled Over Choking Hazard  CBS Local
China's Latest Warning to Equity Investors: No Big Sell Orders
Stock investors beware: big sell orders in China could land you in trouble with the authorities. That's the message from the Shanghai Stock Exchange, which said on its microblog Monday that two trading accounts got verbal warnings for a “large amount ...
China freezes Citadel unit's account in war on stock speculation  Reuters
China market extends losses on growth concerns  Business Standard