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U.S. markets news

Exxon Mobil and Chevron Report Worst Quarterly Results of Current Decade
HOUSTON - Exxon Mobil and Chevron on Friday posted their worst quarterly results of the current decade as oil and natural gas prices continued to plunge.
Chevron's Profit Plunges on Impairments  Wall Street Journal
US STOCKS-Dow, S&P dragged down by poor earnings from Exxon, Chevron  Reuters
CNNMoney  
US wage growth brakes in second-quarter; consumer sentiment slips
WASHINGTON U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor ...
Labor Costs Rise at Slowest Pace in 33 Years  New York Times
Wage growth slows sharply in second quarter  USA TODAY
FedEx, TNT Express say combination on track despite EU probe
AMSTERDAM, July 31 Logistics companies FedEx and TNT Express said they were still on track to complete their proposed combination in the first half of 2016, despite the European Commission's announcement of an in-depth competition review of the deal ...
EU Opens Investigation Into FedEx's Acquisition of TNT Express  Wall Street Journal
FedEx Bid for TNT Faces In-Depth Probe as EU Raises Concerns  Bloomberg
McConnell warns Obama against tobacco carve-out in trade deal
Senate Majority Leader Mitch McConnell (R-Ky.) is warning U.S. officials negotiating a massive trans-Pacific trade agreement for President Obama not to target tobacco growers in a final deal.
The TPP: Old trade habits die hard  The Australian Financial Review
Trade negotiators in Hawaii reach agreement on environmental protection  Honolulu Star-Advertiser
Uber will spend $1 billion to grow presence in India
On-demand transportation company Uber will spend $1 billion over the next nine months in India to expand its presence in one of its biggest global markets, the San Francisco company announced Friday.
Why Uber's $1 bn bet on India is unlikely to be its last; app-based ...  Firstpost
Uber to invest $1bn in India  The Hindu
Echoes of 1989 are bad news not just for China's markets but the world
China faces a crucial choice between the competing priorities of political control and economic liberalisation. This summer the first tremors have already been felt.
Emergency measures fail to halt China's stock market nosedive  The Guardian
China stocks look set for biggest monthly loss in six years  The Globe and Mail
UPS bolsters full-truckload business with $1.8 billion deal
United Parcel Service Inc (UPS.N) said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry.
UPS Agrees to Buy Coyote Logistics for $1.8 Billion  Wall Street Journal
UPS to Buy Coyote Logistics for $1.8 Billion  New York Times
Sharp to Explore Options for LCD Panel Business
TOKYO—Sharp Corp. said it would seek external help to prop up its LCD panel-making business and plans to quit selling televisions in the U.S.
Sharp abandons TVs in the US, hands keys to China's Hisense  Engadget
Japan's Sharp says April-June loss widens to $274 mn  Dispatch Times
Consumer sentiment declines on weaker expectations
WASHINGTON - Consumer confidence retreated in July as Americans' expectations deteriorated to an eight-month low. While the University of Michigan said Friday that its final index of sentiment decreased to 93.1 from 96.1 in June, the gauge has held ...
US consumer sentiment slips in July  Herald Sun
University of Michigan: Consumer sentiment dips in July  Chron.com
Stock Trading Resumes in Athens on Monday After Five-Week Exchange Closure
Trading in Greek stocks will resume next week, ending a five-week closure of the country's main stock exchange, but strategists say it could take months before investor confidence in Greek assets is restored.
Greek stock market says to reopen on Monday  Reuters
Greek stock market to reopen on Monday after five week shutdown  Irish Independent