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U.S. markets news

Honda Records 20 Pct Profit Rise on Yen, Despite Recalls
TOKYO - Japanese automaker Honda is seeing a 20 percent jump in fiscal first quarter profit on the back of a cheap yen that offset the damage from a massive air bag recall.
Honda's profit jumps 20% on strong US sales  BBC News
Honda Motor Profit Driven Higher by SUV Sales in US and China  Wall Street Journal
Bloomberg  
China's Stock Markets: Nearly 25 Years of Wild Swings
In the two years after China opened its stock markets, shares soared 1200% and twice fell by half. Investors seeking IPO shares rioted, overturning cars and smashing windows, leading police to use tear gas and fire their guns in the air to quell the ...
China's Naked Emperors  New York Times
China rebound, other Asian markets mostly gain after strong US growth data  Fox Business
Asia shares face July drop on worst China loss in 6 years
SINGAPORE/TOKYO: Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years.
Asia shares face July drop on worst China loss in six years  Yahoo Finance UK
Asian equities mostly higher, but keep an eye on China volatility  Yahoo7 News
Greece crisis: IMF won't back Greek deal without reforms
The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the 'Financial Times ...
Troika talks in Greece overshadowed by IMF bombshell – business live  The Guardian (blog)
Greek bailout talks to shift gear  Miami Herald
SoulCycle files for IPO
SoulCycle, the fitness company with a cult-like following, says "We aspire to inspire." On Thursday, SoulCycle aspired to raise a whole lot of cash.
The Fitness Chain SoulCycle Files for an Initial Public Offering  New York Times
SoulCycle working out IPO deal  New York Post
Worms in water cause alarm in tiny town
No one seems to know how worms got in the tap water, but residents in Old River-Winfree, a town of about 1,400 people 25 miles east of Houston, are drinking from bottles this week.
Houston Neighborhood Says Drinking Water Filled With Worms  Ledger Gazette
What these Texans are finding in their water is gross!  Fx Report Daily
Whole Foods: Sales hurt by bad publicity from overcharging
NEW YORK - Whole Foods is feeling pinched after New York City officials found it was overcharging customers. The grocery chain known for its organic offerings said Wednesday that sales growth slowed sharply at established locations in the last two ...
Whole Foods targets location near Heights for its first low-price ...  CultureMap Houston
Whole Foods Market Receives "Buy" Rating from SunTrust (WFM)  Dakota Financial News
GDP grew at 2.3% rate in 2nd quarter; 1st-quarter growth revised upward
The economy rebounded in the second quarter after a winter slowdown that was less severe than previously estimated, returning to the modest growth that has marked the slow recovery from the Great Recession.
US economy expanded at 2.3pc annual rate in June quarter  Sydney Morning Herald
Economy expands at 2.3% in 2nd quarter, picking up speed  Dallas Morning News
California Zeroes in on Conservation Stragglers Amid Drought
California residents heeded the call to turn off sprinklers in the first month of mandated water conservation, leading to a 27 percent plunge in June.
One drop at a time: California surpasses water conservation target (+video)  Christian Science Monitor
Ahead of the game: Most OC cities beat water reduction targets  OCRegister
Power restored in Long Beach except for about 400 customers
For the second time this month, thousands of customers in Long Beach lost power after an underground electrical vault ignited and exploded Thursday afternoon, sending manhole covers flying.
Most in Long Beach get power back after electrical fire  The Denver Post
400 Still Without Power In Long Beach Following Vault Explosion  CBS Local