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U.S. markets news

US Stocks Fall Sharply on Bleak Chinese Manufacturing Report
Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated.
Shares Fall on Bleak Chinese Manufacturing Data  New York Times
World markets extend losses as China falters again  Financial Express
Wall Street braces for stormy Sept.: Dow plunges more than 400 points on weak ...
New month, same old negative, scary, correction-like price action on Wall Street as the Dow is down more than 400 points in early afternoon trading.
This chart shows why September could be an ugly month for stocks  Fortune
US STOCKS-Wall St slumps as weak China data stokes growth fears  Reuters
US manufacturing slowdown adds wrinkle to economic outlook
WASHINGTON U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing.
Tale of two ISMs: another reason for the Fed to pause?  Reuters Blogs (blog)
ISM Manufacturing Index Falls in August  Wall Street Journal
Russia Says It Won't Cut Oil Production to Support Prices
MOSCOW—Russia won't cut crude-oil production in order to support prices, although output may fall if prices remain low for a sustained period, Russian news agencies quoted Deputy Prime Minister Arkady Dvorkovich as saying Tuesday.
Iran Sees Shale Output Recovering as OPEC Longs for $80 Crude  Bloomberg
Ending US export curbs will not aid oil groups, warns report  Financial Times
Chipotle sued over false GMO-free claims
A law firm Monday filed a class-action lawsuit in federal court charging that Chipotle's marketing is misleading and deceptive because it still sells lots of foods made with GMOs, despite claims the chain phased them out.
Chipotle Sued For False Advertising After Boasting Anti-GMO Piety  Daily Caller
This lawsuit claims Chipotle has been deceiving customers  Fortune
Yahoo CEO Marissa Mayer expecting twin girls in December
Yahoo Inc Chief Executive Marissa Mayer said she was pregnant with identical twin girls, likely due in December, but promised she would take limited time away as she works toward turning around the company's struggling online ad business.
Yahoo's Marissa Mayer pregnant with twins  Los Angeles Times
Marissa Mayer's latest achievement: identical twins  Toronto Star
PayPal helps Canadians deal with awkward money conversations
PayPal is introducing a new interpersonal payment service in Canada that it says will make IOUs a thing of the past. Users who sign up for PayPal.
PayPal.Me Peer-to-Peer Payments Service Launched  NDTV
PayPal.Me Lets You Send Quick, Effortless PayPal Payments  Android Headlines - Android News
UPDATE 3-Penn West Petroleum lowers capex, suspends dividend, cuts jobs
... * Cuts 2015 capital budget for 3rd time. * To cut about 35 pct of workforce, or 400 jobs. * To stop paying dividend from October.
Fresh wave of layoffs hits oilpatch, with PennWest, ConocoPhillips cutting ...  Financial Post
900 energy sector jobs being shed by ConocoPhillips, Penn West  Calgary Herald
August US auto sales stronger than expected on trucks, SUVs
DETROIT The U.S. auto industry powered ahead in August, topping sales estimates and shrugging off gyrating stock markets as consumers continued to show their penchant for pickup trucks and SUVs.
Ford customer traffic resilient despite stock market volatility  USA TODAY
US auto market remains bright spot as China pulls back  Charlotte Observer
IMF Head: Global Growth Likely to Be Weaker Than Expected
Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday.
IMF's Christine Lagarde Tries to Tamp Down China Panic, but Urges Vigilance  Wall Street Journal (blog)
Live Stream: IMF conference on financing Asia development  The Hindu