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U.S. markets news

Exxon Mobil and Chevron Report Worst Quarterly Results of Current Decade
HOUSTON - Exxon Mobil and Chevron on Friday posted their worst quarterly results of the current decade as oil and natural gas prices continued to plunge.
Tumbling oil prices slam profit at Exxon Mobil, Chevron  Reuters
Chevron's Profit Plunges on Impairments  Wall Street Journal
US employment costs post smallest gain on record in Q2
WASHINGTON U.S. labor costs in the second quarter recorded their smallest increase in 33 years amid tepid gains in the private sector, but it likely was a temporary setback against the backdrop of diminishing labor market slack.
Wage growth slows sharply in second quarter  USA TODAY
Worker pay shows smallest gain in records to 1982  Chicago Tribune
UPDATE 1-EU opens in-depth inquiry into Fedex's planned takeover of TNT
(Adds company responses). BRUSSELS, July 31 (Reuters) - The European Commission said on Friday it had opened an in-depth investigation into Fedex's proposed 4.4 billion euro ($4.9 billion) takeover of Dutch rival TNT Express.
EU Opens Investigation Into FedEx's Acquisition of TNT Express  Wall Street Journal
FedEx Bid for TNT Faces In-Depth Probe as EU Raises Concerns  Bloomberg
University of Michigan: Consumer sentiment dips in July
WASHINGTON - U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday. Michigan's index of consumer sentiment fell to 93.1 in July from 96.1 the previous month.
End-July Consumer Sentiment Unexpectedly Slips to 93.1  Wall Street Journal
US consumer sentiment slips in July  Reuters
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
China stocks look set for biggest monthly loss in six years
China stocks fell on Friday and looked set to suffer their biggest monthly loss in nearly six years even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy.
China securities regulator had no direct contact with top executives at HK ...  Reuters
China's fever for next-gen listings  The Australian
Spanish Prime Minister Unveils Austerity- Fatigue Budget in Run-Up to Election
MADRID—Spanish Prime Minister Mariano Rajoy announced a 1% wage increase for Spain's civil servants on Friday, the first in five years, as he unveiled a government budget for 2016 that seeks to address austerity fatigue in the run-up to parliamentary ...
Spain's Rajoy loosens purse strings, recovery boosts election-year budget  Reuters
Spain to Give Civil Servants First Pay Rise in 5 Years  ABC News
Sharp to Explore Options for LCD Panel Business
TOKYO—Sharp Corp. said it would seek external help to prop up its LCD panel-making business and plans to quit selling televisions in the U.S.
Sharp abandons TVs in the US, hands keys to China's Hisense  Engadget
UPDATE 2-Japan's Sharp to exit Americas TV market after deep Q1 loss  Reuters
If Greek trades in US are any guide, Athens bourse may have rocky re-start
... * Greece ETF up on Friday but down sharply in last month. * Athens stock market could re-open on Monday. * ETF performance could be guide for Athens re-opening.
Greek stock market aims to reopen on Monday: Regulator  Economic Times
Uber will spend $1 billion to grow presence in India
On-demand transportation company Uber will spend $1 billion over the next nine months in India to expand its presence in one of its biggest global markets, the San Francisco company announced Friday.
Uber invests $1 billion in Indian market  CNNMoney
Uber to invest $1-billion in India to expand services  The Globe and Mail