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U.S. markets news

Greece not ready yet for ECB to buy its bonds: Draghi
FRANKFURT Greece has to pass a review of its bailout program and show a commitment to reforms before the European Central Bank can start buying its bonds as part of the bank's asset purchase program, ECB President Mario Draghi said on Thursday.
Stocks Gain; Europe's Central Bank Ready to Boost Stimulus  New York Times
Dovish Draghi hits euro and Bund yields  Financial Times
France says wing part found on Reunion island definitely from MH370
PARIS The piece of wing found on the shore of Reunion Island in the Indian Ocean has been formally identified as part of the wreckage of Malaysian Airlines flight MH370, the Paris prosecutor said on Thursday.
French probe finds 'with certainty' that plane debris is from ...  Los Angeles Times
French confirm wing part was from doomed plane  USA TODAY
Jobless claims rise, but labor market strengthening, say experts
Applications for unemployment benefits rose to 282,000 last week, higher than economists expected, but lower on average for the 23rd week in a row, a sign typical of a strengthening labor market.
Jobless Claims in U.S. Rose More Than Forecast Last Week  Bloomberg
US Jobless Claims Rise by 12000  Wall Street Journal
Jobs Report Could Seal the Deal on Rates
Clarity on what the Federal Reserve will do on rates has been in short supply. Friday's jobs report could change that. In early August, 82% of economists in The Wall Street Journal's monthly forecasting survey thought the Fed's policy-setting committee ...
3 Ways Friday's Jobs Report Could Affect Interest Rates  TIME
Further dollar rally hinges on Fed hiking rates soon: Reuters poll  Reuters
US trade deficit lowest in five months
The US trade deficit with the rest of the world fell to a five-month low in July, official figures show. It declined 7.4% to $41.9bn, compared with $45.2bn in June, the US Commerce Department said.
WRAPUP 2-Shrinking US trade gap shows economy's underlying strength  Reuters
Canada's Trade Deficit Narrows in July  Wall Street Journal
Verizon's AOL buying Millennial Media for $250M
Verizon Communications Inc.'s AOL has agreed to buy mobile-ad company Millennial Media Inc. for about $250 million. The $1.75-a-share offer is a 31 percent premium to Millennial's price at Wednesday's close.
AOL Continues Push to Rival Google and Facebook With Millennial Media Buyout  Wall Street Journal (blog)
AOL's Millennial Media deal highlights rise in automated ad buying  The Guardian
Markit Services PMI Revised Higher
U.S. service sector activity continued to expand in August and at a faster pace than initially reported, according to a report Thursday.
US services sector expands at fastest pace since May  Channel News Asia
UK services sector shows disappointing growth  Financial Times
General Mills selling Green Giant brand to B&G Foods for $765 million
General Mills (GIS) plans to sell its vegetable brands Green Giant and Le Sueur to B&G Foods (BGS) for $765 million, General Mills said Thursday.
B&G Foods Agrees to Buy Green Giant and Le Sueur Brands  New York Times
NJ company to buy Green Giant for $765M
Lost Australian Sheep Gets Nearly 90 Pounds of Wool Sheared Off
A major haircut took place in Australia Wednesday after a sheep with nearly five years worth of wool on him was found wandering outside of Canberra.
Meet Chris, the insanely overgrown sheep that nearly died for the sake of ...  Washington Post
Woolly Mammoth: Shearer Saves Hugely Overgrown Sheep  NPR
Twitter is feeling pressure to name a new CEO
An update may be imminent, a report says. Investors are getting antsy over the precarious situation over at Twitter TWTR 2.92% . The social network, which saw CEO Dick Costolo depart at the end of June, has been without a permanent head since then.
Twitter asked former Cisco executive to be its next CEO  Press Examiner
Twitter shares are surging ahead of a board meeting to discuss its CEO situation  Business Insider