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U.S. markets news

Honda's profit jumps 20% on strong US sales
Japanese car giant Honda's net profit jumped 20% in the first quarter on strong sales in its biggest market, North America, and cost-cutting moves.
Honda records 20 pct profit rise on yen, despite recalls  Washington Post
Honda Motor Profit Driven Higher by SUV Sales in US and China  Wall Street Journal
Bloomberg  
China Shares Suffer Worst Month in Nearly Six Years
China's shares suffered their worst month in nearly six years this July, after confidence in a government-led recovery wavered earlier this week, knocking shares lower.
China's Naked Emperors  New York Times
China's stock market crash: five numbers you need to know  Telegraph.co.uk
Asia shares face July drop on worst China loss in six years
SINGAPORE/TOKYO Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years.
Dollar eases, euro strengthens  Independent Online
Tsipras Survives for Now as Greek Rebels Try to Stop Rescue Plan
Greek Prime Minister Alexis Tsipras speaks during a central committee meeting of the Syriza party in Athens, on Thursday, July 30, 2015.
Greece crisis: IMF won't back Greek deal without reforms  Irish Independent
Troika talks in Greece overshadowed by IMF bombshell – business live  The Guardian (blog)
IPO Market Is Getting Healthier Thanks to Deals Like SoulCycle
General atmosphere at the kick-off of SoulCycle at the Spotify House in Austin, on March 16, 2015. Photographer: Alli Harvey/Getty Images for Spotify.
SoulCycle files for IPO  USA TODAY
The Fitness Chain SoulCycle Files for an Initial Public Offering  New York Times
Worms in water cause alarm in tiny town
No one seems to know how worms got in the tap water, but residents in Old River-Winfree, a town of about 1,400 people 25 miles east of Houston, are drinking from bottles this week.
Texas town plagued with 'little red worms' in the tap water  Digital Journal
Worms found in Texas neighborhood's drinking water  WBIR-TV
5 cities that will get the cheaper, 'millennial' version of Whole Foods
Stores in Los Angeles's neighborhood of Silver Lake are about to get some competition from Whole Foods. By. SallyFrench. Social media editor.
Whole Foods to take on Trader Joe's in LA with smaller stores  Los Angeles Times
Whole Foods: Sales hurt by bad publicity from overcharging  Barre Montpelier Times Argus
US economy expanded at 2.3pc annual rate in June quarter
The American economy is settling into a trot rather than a gallop, extending the slow progress that's defined the current expansion after a first-quarter scare.
US economy rebounds at mild pace in Q2  Business Standard
Spring rebound for US economy sets stage for Fed rate hike  Yakima Herald-Republic
UPDATE 2-Uber to invest $1 billion in India to expand services
... * Uber says bullish on India, to invest $1 billion. * Company to improve operations, develop new products. * Uber aims to reach 1 million rides a day in India (Updates with details).
Why Uber's $1 bn bet on India is unlikely to be its last; app-based ...  Firstpost
Uber to invest $1bn in Indian market  RTE.ie
Power restored in Long Beach except for about 400 customers
For the second time this month, thousands of customers in Long Beach lost power after an underground electrical vault ignited and exploded Thursday afternoon, sending manhole covers flying.
Most in Long Beach get power back after electrical fire  seattlepi.com
400 Still Without Power In Long Beach Following Vault Explosion  CBS Local