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U.S. markets news

Greece's financial woes see banking stocks plunge again
ATHENS Greece's banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down in a graphic illustration of the country's financial and economic woes.
Greek Market Down Further as Prospect of New Elections Grows  New York Times
No Relief Is in Sight for Greek Traders Grappling With Curbs  Bloomberg  
India cbank's Rajan says comfortable with pace of disinflation
MUMBAI Aug 4 Reserve Bank of India Governor Raghuram Rajan said on Tuesday the central bank was "comfortable" with the pace of disinflation, although it would monitor rainfall in August "very carefully.
RBI keeps rates unchanged in its monetary policy review: How India Inc reacted  Financial Express
RBI may cut rates before next policy review: Raghuram Rajan  Hindustan Times
CVS Health Gives Soft Outlook Despite Strong Pharmacy Sales
CVS Health Corp. CVS 0.31 % on Tuesday gave a soft earnings outlook for its current quarter, while growing sales of prescription drugs continued to offset weakness in its retail business for the second quarter.
CVS Health beats Street 2Q forecasts  Washington Post
CompaniesCVS Health Q2: no cigarette burns  Financial Times
Puerto Rico Defaults On Debt Repayment
Puerto Rico pays just $628,000 toward a $58m debt due Monday as lack of liquidity continues to hamper its ability to dig out from under estimated $72bn debt load.
The world's other financial disaster
Puerto Rico economy: Government defaults on bond payment  BBC News
Major US airlines end trophy hunter shipments after Cecil outcry
NEW YORK Three U.S. airlines have banned the transport of lion, leopard, elephant, rhino or buffalo killed by trophy hunters, in the latest fallout from the killing of Zimbabwe's Cecil the lion last month.
Delta, American and United ban shipments of 'big five' hunting trophies  Washington Post
Second major US airline bans shipment of big game trophies  CBS News
Aetna profit beats as government plans expand
Aetna Inc (AET.N) reported a better-than-expected adjusted net profit for the second quarter as it added more members to its government plans and medical costs remained stable.
Aetna Lifts Guidance as Profit Tops Expectations  Wall Street Journal
Aetna Beats Estimates on Growth in Government-Program Insurance  Bloomberg
Alibaba Group Names Michael Evans as President
BEIJING— Alibaba Group Holding Ltd. BABA -0.45 % said Tuesday it appointed Michael Evans, a former top Goldman Sachs Group Inc. GS -0.19 % executive, as president of the company to oversee the Chinese e-commerce giant's international expansion ...
Alibaba names ex-Goldman exec to head global expansion  CNBC
Alibaba Group Appoints Michael Evans as President of Alibaba Group  MarketWatch
Trader gets 14-year jail in Libor rigging case
LONDON: A trader who worked for UBS and Citigroup was jailed on Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.
Insight - How Libor whiz Rain Man became "the guy everyone was going to ...  Reuters
Hayes Libor Verdict Shows 'Everyone Did It' Is Still No Defense  Bloomberg
Weak yen helps Toyota to record quarterly profit
Toyota, the Japanese carmaker, has eked out a record quarterly net profit as the weaker yen offset a slowdown in vehicle sales in most regions outside of North America.
Toyota's earnings shortfall adds insult to injury  Fortune
Toyota Motor Q1 net profit jumps 10 pct, beats estimates  Reuters
BMW shifts gear and steers sales away from China
Slowing car sales in China and other emerging markets could help customers in the US obtain discounts at their local dealership. BMW says carmakers have reallocated vehicles intended for China and other emerging markets to the US, increasing ...
BMW profits fall as China sales drop  BBC News
BMW Earnings Slip on China, Costs for New Models  New York Times