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U.S. markets news

Oil prices drop 3 percent as investors retreat from overnight gains
SINGAPORE Oil prices fell 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S.
Oil Sharply Lower in Volatile Trade, Weak China Data Weighs  Wall Street Journal
Oil prices drop more than 3 per cent as investors take profits  Economic Times
THE BUSINESS TIMES  
Asian shares slip as downbeat China PMIs revive growth fears
TOKYO Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy.
Stocks fall to close out a bruising August  Washington Post
Gold Extends Gains as China Manufacturing Eases Fed-Rate Concern  Bloomberg
UPDATE 1- China Caixin factory, service PMIs suggest economic slowdown worsening
(Combined private factory and service activity surveys). * Weakness at China factories, services firms adds to economy fears. * August Caixin factory PMI drops to 47.3, lowest since March 2009.
Chinese Manufacturing Index Hits Lowest Level Since 2009  New York Times
China's official factory PMI shrinks to lowest in 3 years  Livemint
Blue Bell's Hometown Return Brought Relief To Employees, Residents
BRENHAM (CBS11) - Looking at the freezer sections in two Brenham supermarkets on Monday, you'd never know the city's pride and joy, Blue Bell ice cream, had just returned to stores for the first time since April.
Blue Bell Broken Arrow plant goes back to work  Tulsa World
Blue Bell returns to shelves in Alabama, Texas  Dispatch Times
Fully automated fast food restaurant opens in San Francisco
People walk by eatsa, a fully automated fast food restaurant in San Francisco, California. eatsa, an automated fast food restaurant that has no servers, wait staff and a virtual cashier that offers fresh quinoa bowls opened in San Francisco's Financial ...
iPads replace cashiers at SF's quinoa restaurant  CNNMoney
Cashier-less Quinoa: Eatsa Promises Automated Fast Food in SF  NBC Bay Area
Massive gas find a boon for Egypt, salve for energy crisis
CAIRO (AP) - Experts say the discovery of a huge natural gas field off the Egyptian coast is a major boon for the country that will help alleviate energy shortages and boost the economy.
Massive Gas Find Promises to Ease Egypt's Fuel Crisis  New York Times
Eni's mega-find could aid Petroceltic's Egypt plans  Irish Examiner
Asian Stocks Drop as China Manufacturing Slump Boosts Yen, Gold
Asian stocks showed no sign of shaking off last month's worst selloff since 2012, sinking with U.S. index futures as a gauge of Chinese manufacturing fell to a three-year low.
Toshiba Delays Report on Finances Once Again  New York Times
Toshiba's new accounting problems won't have a big impact: CEO  ETTelecom.com
Fiat Chrysler aggressively pushes for a merger with GM
FCA CEO seems to have a tough time taking no for an answer. Despite GM CEO Mary Barra rejecting Fiat Chrysler CEO Sergio Marchionne's pleas for a merger multiple times, Marchionne continues to push aggressively for a deal, Automotive News reports.
Fiat Chrysler CEO Urges Merger with GM  KTIC
Fiat Chrysler CEO fans GM merger flames  TwinCities.com-Pioneer Press
TAKE A LOOK-Asia GDP: Rate calls grow as India GDP growth slower than forecast
Indian growth slowed by more than expected in the quarter to June, a setback for Prime Minister Narendra Modi that will prompt more urgent calls from his aides for interest rate cuts.
India's growth slows as reforms stall  CNN
India's slower-than-expected April-June growth boosts rate cut calls  Economic Times
Asia Stocks Extend Slump After Biggest Monthly Drop Since 2012
Asian stocks fell, extending the biggest monthly loss since May 2012, as regional shares followed U.S. equities lower and investors awaited reports on Chinese manufacturing.
China Markets Live - Shanghai and Shenzhen markets plumb new lows as China ...  South China Morning Post (subscription)