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U.S. markets news

Exxon Mobil and Chevron fall short
Earnings from two big oil companies disappointed Wall Street. Results were hurt by falling oil prices. Bobbi Rebell reports. △ Hide Transcript.
Market Wavers After Weak Earnings From Exxon and Chevron  New York Times
Exxon Mobil's Q2 income falls 52% due to low oil prices  USA TODAY  
Yahoo to Buy Social Shopping Site Polyvore
Yahoo Inc. YHOO -2.00 % agreed to buy social shopping site Polyvore Inc., a move intended to enhance the portal's “Mavens” growth strategy.
Yahoo to Acquire Polyvore  MarketWatch
Yahoo acquires fashion commerce site Polyvore  The Verge
Wage Growth Weak Despite Tightening Jobs Market
Stagnant wage growth remains the fly in the ointment amid a strengthening U.S. labor market that has seen robust job creation and an unemployment rate that has fallen to its lowest level in seven years.
Wage growth slows sharply in second quarter  USA TODAY
Uber valuation jumps to $51B
NEW YORK - Ride-hailing company Uber just completed a round of funding that values them at a whopping $51 billion - or more than four times the value of rental car companies Hertz and Avis combined.
Uber Valued at More Than $50 Billion  Wall Street Journal
Uber valued at about $51 billion after latest funding round - WSJ  Reuters
Microsoft Is Said to Invest in Uber
Microsoft has agreed to invest in Uber, according to people with knowledge of the matter, as part of a funding round that values the ride-hailing company at more than $50 billion.
Uber to invest $1 billion in India to expand services | Reuters  Firstpost
Uber to spend $1B over nine months for India expansion  CNET
Stock Trading Resumes in Athens on Monday After Five-Week Exchange Closure
Trading in Greek stocks will resume Monday, ending a five-week closure of the country's main stock exchange, but strategists say it could take months before investors' confidence in Greek assets is restored.
Greek stock market says all shares to trade on Monday  Reuters
Greek share, bond markets to reopen in limited trading on Monday  Sydney Morning Herald
With time running out, here's where Verizon, union negotiations stand
Verizon and union negotiators have a little more than a day to come to an agreement on the contract for Verizon's landline employees.
Frontier Communications and Communications Workers of America Reach ...  MarketWatch
Union raps lack of FiOS  Albany Times Union
US Oil and Natural Gas Rig Count Down 2 to 874
HOUSTON - Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by two this week to 874.
Oil prices plunge amid ample supplies  Xinhua
Oil rig count continues climb, but pace slows (blog)
U.S. Economy, Corporate Profits And Personal Income Revised Downward
GDP, the method by which we measure economic growth in the U.S. has been tweaked recently. The change in methodology has caused several important economic statistics to be revised, mostly downward.
The U.S. Economy Is on Track to Finish a Decade Without Significant Growth  Bloomberg
US economy moves at moderate pace  New Zealand Herald
Greece, Europeans must reach deeper deal before IMF program possible
WASHINGTON The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
Greek talks start as market set to reopen  Sky News Australia
Greece's Stock Market to Reopen as Bailout Talks Progress  New York Times