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U.S. markets news

Wall Street mixed; weak results drag on energy stocks
Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Federal Reserve may delay an interest-rate hike this year following weak wage data.
Exxon and Chevron Report Worst Quarterly Results of Current Decade  New York Times
Exxon Mobil's Q2 income falls 52% due to low oil prices  USA TODAY
MarketWatch  
Labor Costs Rise at Slowest Pace in 33 Years
WASHINGTON - Labor costs in the United States recorded their smallest increase in 33 years during the second quarter as workers were paid less in commissions and bonuses.
US wage growth brakes in second-quarter; consumer sentiment slips  Reuters
Wage growth slows sharply in second quarter  USA TODAY
FedEx, TNT Express say combination on track despite EU probe
AMSTERDAM, July 31 Logistics companies FedEx and TNT Express said they were still on track to complete their proposed combination in the first half of 2016, despite the European Commission's announcement of an in-depth competition review of the deal ...
Brussels launches in-depth probe into FedEx-TNT tie-up  Financial Times
EU to probe FedEx takeover of Dutch rival TNT  STLtoday.com
Stock Trading Resumes in Athens on Monday After Five-Week Exchange Closure
Trading in Greek stocks will resume next week, ending a five-week closure of the country's main stock exchange, but strategists say it could take months before investor confidence in Greek assets is restored.
Greek stock market says all shares to trade on Monday  Channel News Asia
CORRECTED-(OFFICIAL)-UPDATE 2-Greek stock market to reopen Monday after five ...  Reuters UK
Oil Prices Fall to Multi-Month Lows as US Rig Count Rises
Oil prices fell to new multi-month lows Friday as data showed U.S. producers put more drilling rigs to work despite a lingering world-wide glut.
Oil price collapse hammers big US energy groups  Financial Times
Crude's decline shows in falling producer profits  CBS News
Chevron's Q2 earnings plummet on weak energy market and charges
Chevron's second quarter earnings plummeted to $571 million from $5.7 billion a year ago as the global oil glut and sinking prices hampered operations and triggered charges that hurt the bottom line.
Chevron pumps more West Texas oil as profits slide  Chron.com (blog)
Chevron posts 2Q profit of $571 million, result misses forecasts  Fox Business
Uber targets 1 million trips per day in India in 6 to 9 months
Taxi hailing service Uber expects to hit over 1 million trips per day in next six to nine months. It has registered a 40% growth month-on-month in India.
Uber will spend $1 billion to grow presence in India  Los Angeles Times
Uber given new taxi licence despite hostility  BBC News
Echoes of 1989 are bad news not just for China's markets but the world
China faces a crucial choice between the competing priorities of political control and economic liberalisation. This summer the first tremors have already been felt.
China stocks look set for biggest monthly loss in six years  The Globe and Mail
Emergency measures fail to halt China's stock market nosedive  The Guardian
UPS bolsters full-truckload business with $1.8 billion deal
United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.
UPS to Buy Coyote Logistics for $1.8 Billion  New York Times
UPS Buying Coyote Logistics for $1.8 Billion  ABC News
US oil and natural gas rig count declines by 2 to 874
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.
Oil rig count continues climb, but pace slows  Chron.com (blog)
US Oil-Rig Count Increases to 664  Wall Street Journal