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U.S. markets news

Wall Street surges as turbulence becomes the norm
Wall Street stocks jumped almost 2 percent on Wednesday in the latest volatile session as investors weighed the impact of a stumbling Chinese economy and global market turmoil on the Federal Reserve's impending decision about when to raise interest ...
Asia Stocks Rise Amid China Holiday Calm; Aussie Drops on Retail  Bloomberg
Asian shares up on oil prices and US stock rally  BBC News
Financial Times  
Almond milk, SUV trims and more nuggets from the Beige Book
The big picture from the Beige Book, a collection of anecdotes on the economy produced by the Federal Reserve, is a familiar one: the U.S.
Market turmoil restricts Fed's policy options, says Bill Gross  The Australian Financial Review
What Would a Rate Hike Mean for Homebuilders?  Nasdaq
How long should mothers take off after they give birth?
The announcement that Yahoo CEO Marissa Mayer is planning to take limited time off from work after having twins later this year has re-ignited the debate over how soon new mothers should return to their jobs.
Back off on Marissa Mayer's maternity leave  CNN
Yahoo CEO Marissa Mayer's minimal maternity leave plan prompts dismay  The Guardian
Net-a-Porter Founder Resigns Suddenly Ahead of Merger
Natalie Massenet, founder and chairman of Net-A-Porter Ltd, pauses during Matthew Lloyd—Bloomberg/Getty Images Natalie Massenet, founder and chairman of Net-A-Porter Ltd, pauses during an interview at the company's head office in London on June ...
PRESS DIGEST- British Business - Sept 3  Reuters
Massenet leaves Net-a-Porter mid-merger  Financial Times
Bill to divest state's public pensions from coal heads to Gov. Jerry Brown
Lawmakers in the Assembly gave final approval Wednesday to a measure that would require the state's public pension funds to divest from their holdings in thermal coal.
California passes bill forcing biggest pension funds to divest from coal  The Guardian
Coal divestment bill passes California state legislature  Reuters Africa
Near-term growth prospects remain favourable in India, says IMF
IMF said emerging market currencies have generally depreciated, reflecting weakening commodity prices, concerns about the growth transition in China, an increase in risk aversion and expectations of a lift-off in policy rates in the US.
IMF Says China Slowdown, Other Risks Threaten Global Outlook  Wall Street Journal
IMF warns China, tumbling commodity prices threaten world economy  The Australian
Fed's "Beige Book" shows continued expansion of US economy
Reports from the 12 districts that make up the U.S. Federal Reserve System indicated that "economic activity continued expanding" between July and mid-August, although some districts said they had felt the effects of the Chinese slowdown.
US economy grew in July and August, Fed reports  Washington Post
Fed Report Shows Autos and Housing Fueling US Growth  ABC News
ACCC defers decision on Royal Dutch Shell's $US70b BG Group takeover
Royal Dutch Shell Group will have to wait a bit longer for Australian regulatory clearance of its proposed $US70 billion ($99.4 billion) takeover of BG Group after the national competition authority delayed its decision on the deal.
EU regulators clear Shell's takeover of BG Group  euronews
UPDATE 1-EU regulators clear Shell's takeover of BG Group  Reuters
RPT-UPDATE 2-India's slower-than-expected April-June growth boosts rate cut calls
(Repeats story from late on Monday). * June qtr growth 7 pct vs 7.5 pct in March qtr. * Matches China's growth in the same quarter.
Slower-than-expected April-June growth boosts rate cut calls  Zee News
India's GDP growth slows to 7% in Q2  Bangkok Post
GE's Jeffrey Immelt may meet PM Narendra Modi, announce company's Make in ...
BENGALURU: General Electric chief Jeffrey R Immelt is likely to meet Prime Minister Narendra Modi and announce a plan to manufacture locally during his upcoming two-day India visit, according to three people familiar with his plans.
Over 45K register for Modi's Silicon Valley reception  Business Standard
Millions strike in India to protest against Modi's labour reforms  Telegraph.co.uk