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U.S. markets news

Consumer confidence rose more than forecast in August
WASHINGTON - Consumer confidence climbed more than forecast in August, reaching the second-highest level in eight years on more favorable views of the labor market.
The Conference Board Consumer Confidence IndexB. Rebounds  CNNMoney
US consumer confidence shows sharp rebound in August to highest reading in 7 ...  Fox Business
'Wine o'clock,' 'cat cafe,' 'hangry' added to Oxford dictionary
Yes, iPhone, I do mean 'hangry' - and finally, the Oxford English Dictionary has my back. The dictionary's editors just added 1,000 words to oxforddictionaries.
'Butt-Dial,' 'Hangry' And 'Manspreading' Added To ...  CBS Local
Beware manspreading, enjoy wine o'clock: new Oxford words  Boston Herald
Icahn targets struggling miner Freeport-McMoran with 8.5 pct stake
Aug 27 Activist investor Carl Icahn disclosed an 8.5 percent stake in miner Freeport-McMoran Inc, saying the company was undervalued and needed to address several corporate governance and capital issues.
Freeport-McMoRan Cuts More Spending; Icahn Discloses Stake  ABC News
Activist Icahn Takes Stake in Freeport-McMoRan  Wall Street Journal
UPDATE 5-Schlumberger to buy oilfield gear maker Cameron in $14.8 bln deal
... * Offer values Cameron at $66.36 per share, or $12.74 bln. * Combined company pro-forma 2014 revenue would be $59 bln. * Deal should allow Schlumberger to grow market share-analyst.
Schlumberger buys US firm in $US12.7b deal  The Australian (blog)
Burger King, McDonald's mash up inspires Frankenfood
Burger King called on McDonald's to join them in the name of peace (and the love of Franken foods) to create the Mc Whopper . USA TODAY editors and reporters think the mashup of the Big Mac and Whopper should mark simply the beginning of crazy ...
Steve Easterbrook, McDonald's CEO, mocks Burger King for McWhopper pitch  Washington Times
7 Burgers Even Worse For You Than the Imaginary McWhopper  Yahoo Health
Pakistan said to be on track to have third largest arsenal of nuclear weapons
Pakistan could have the world's third largest stockpile of nuclear weapons after the US and Russia within a decade if it continues to build up to 20 nuclear warheads annually, a new report warns.
Only talks on terrorism is recipe for failure: US think-tank  Zee News
Time for Pakistan to Change its Nuclear Strategy: Experts  The Diplomat
UK solar panel industry dismayed as subsidies face deep cuts
The solar panel revolution that has enabled more than half a million UK households to sell electricity into the power grid was dealt a heavy blow on Thursday by government plans to slash subsidies for homeowners and small businesses.
Renewable Energy Investments: A Case Study  Huffington Post
U.K. to End Small-Scale Renewables Aid in Blow to Solar  Bloomberg
UPDATE 1-Californians cut water use 31 percent in July, beating target
(Adds details about water conservation regulation). By Rory Carroll. SAN FRANCISCO Aug 27 (Reuters) - Drought-stricken California cut urban water use statewide by 31.3 percent during July, exceeding a government mandate to reduce consumption by 25 ...
California's Water Districts Top Conservation Targets  Wall Street Journal
Big month for conservation: Californians cut water use by 31% in July  Los Angeles Times
Markets rebound from China slump, strong US data helps
NEW YORK Stock markets around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment and crude oil rebounded sharply.
Wall Street, European markets surge higher as sentiment improves  The Australian Financial Review
Stock market surges again, reversing many of the week's losses  Kansas City Star
Rajan lists lower inflation, tackling distressed assets as top priorities
RBI has lowered its policy rate by 75 basis points since January, but banks on average have lowered their lending rates by only about 30 basis points.
India's GDP improving; 7.6% growth likely: RBI Guv Rajan  Moneycontrol.com
RBI Guv Raghuram Rajan comes down heavily on defaulting corporate borrowers  Financial Express