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U.S. markets news

China's problem is the economy itself, not the market sell-off
The stock market sell-off is not the problem. Yes, the Shanghai Composite Stock Index has dropped almost 40 per cent since its June peak, but the Chinese economy has rarely been upset by fluctuations of its financial markets.
Can the global gloom sink the U.S. economy?  CNNMoney
3 reasons markets lost faith in China's economy, at a glance
For decades, Chinese economic policymakers have drawn praise for keeping their economy growing strongly through turbulence, such as the Asian financial crisis of 1997-1998 and the worldwide financial tumult of 2008.
Doubts about China's economic leadership sap confidence  Economic Times
Fed Appears to Hold Line on Rate Plan
JACKSON HOLE, Wyo.—Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S.
Fischer flags rebound in US inflation  Financial Times
Jobs report could prevent rate hike — but unlikely to ensure one  MarketWatch
UPDATE 2-Italy's Eni makes mega gas discovery off Egyptian coast
... * New field could hold 30 trillion cubic feet of gas. * Discovery comes as Egypt struggles to meet energy needs. * Italy's Eni has full rights to develop the site (Adds background).
Italy's Eni makes mega gas discovery off Egyptian coast  Jerusalem Post Israel News
Vast natural-gas field discovered off Egyptian coast  Irish Times
When the wells run dry: California drought forcing some families to live in ...
July 2, 2015: Rancher Steve Drumright looks toward his cattle, grazing on a barren hillside in Tulare County, outside of Porterville, Calif.
AP PHOTOS: Neighbors Fill Buckets, Pray for Rain in Drought  New York Times
California families cope in drought  The Detroit News
New boss of Frisch's Big Boy restaurants plans expansion
This undated photo provided by NRD Capital shows NRD Capital founder and interim Frisch's Restaurants CEO Aziz Hashim. The new lead owner of the Cincinnati-based Frisch's Restaurants chain wants to flex Big Boy's brand muscle.
Frisch's Big Boy planned expansion includes Indiana  Indianapolis Star
Third Point's Loeb says Suzuki should cancel shares it buys back from VW
TOKYO Aug 31 U.S. activist investor Daniel Loeb said Suzuki Motor Corp should cancel the shares it plans to buy back from Volkswagen AG, not issue equity or convertible shares.
Suzuki plans to go it alone after ending four-year Volkswagen dispute  Livemint
VW and Suzuki settle four-year dispute  BBC News
Investor Warren Buffett is turning 85 but isn't slowing down
OMAHA, Neb. (AP) - Warren Buffett will turn 85 on Sunday, but he's shown no signs of slowing down or retiring from the Berkshire Hathaway conglomerate he built over five decades.
Berkshire Hathaway Builds Stake in Refiner Phillips 66  Wall Street Journal
Warren Buffett's Berkshire grabs large stake in Phillips 66  NYC Today
Boeing made a laser cannon that kills drones
The company hopes it will drive drones away from sensitive areas. Worried about a future in which the skies are filled with drones?
Boeing's New Laser Cannon Kills Drones Mid-Flight  Ubergizmo
Watch Boeing's Laser Shoot a Drone Out of the Sky  PC Magazine
Punjab attracts Rs 3500-cr investments for solar projects
Chandigarh: Punjab government today said it has received bids from as many as 18 companies for setting up solar projects in the state which will attract investment of Rs 3,500 crore.
Pb attracts Rs 3500-cr investments for solar projects  The Statesman
Obama vs Fossil Fuels  Rapid News Network