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U.S. markets news

Existing-home sales fall in August, snapping four months of gains
Sales of previously owned homes fell in August, as investors pulled back, a trade group said Monday. Existing-home sales declined 1.8% from July to a seasonally adjusted annual rate of 5.05 million, the National Assn.
US existing home sales fall, investors pulling back  Reuters
Existing-Home Sales Slip 1.8%, Distressed Sales Fall, As Investors Back Out ...  Forbes
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Rockefeller Heirs Divest Oil Assets That Built Fortune
Sept. 22 (Bloomberg) -- Carl Larry, president at Oil Outlook & Opinions, talks with Olivia Sterns about the heirs of John D. Rockefeller divesting their vast oil fortune from the family's $860 million philanthropic organization and looks at which investors are ...
Big Oil's heirs join call for action as climate summit opens  Washington Post
Rockefeller Fund divorces itself from fossil fuels  CNNMoney
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China Weighs on Markets as Silver Dives Again
Concerns over China's economy and a fresh profit warning by British retailer Tesco kept global stock markets in check Monday, while silver fell further to its lowest level in over four years.
US stocks open lower as China weighs on markets  WTOP
European shares dip on China growth jitters  Reuters
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Fed Official Critical of Policies Set to Retire in March
Charles Plosser, president of the Federal Reserve Bank of Philadelphia, has been an internal critic of the Fed's stimulus campaign.
Federal Reserve's Plosser, dissenter on monetary policy, to retire  Los Angeles Times
Plosser, a Leading Fed 'Hawk,' to Retire in March  ABC News
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Wall St. falls on China demand concerns
NEW YORK (Reuters) - U.S. stocks were trading lower heading toward midday on Monday after China's finance minister indicated the country will not increase stimulus measures and U.S.
Wall Street to open lower after China comments; data on tap  Economic Times
US STOCKS-Wall St to open lower after China comments; data on tap  Reuters UK
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Draghi Says ECB Actively Managing Balance Sheet
The European Central Bank will actively manage its balance sheet and is willing to implement more stimulus if required to stave off the threat of deflation in the euro area, ECB President Mario Draghi said.
Draghi: Euro Recovery Losing Momentum  ABC News
ECB's Praet Defends Bank's Policy on Strength of Euro  Wall Street Journal
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Tesco Investors Vent Amid Probe Into Overstated Profit Estimates
Tesco Plc (TSCO) investors said they want greater management accountability after the biggest U.K. retailer overstated its first-half profit estimate, testing shareholders' patience amid missed earnings targets and a sinking stock price.
Tesco suspends four executives over �250m accounting scandal  Telegraph.co.uk
Tesco CEO: 'Full and frank inquiry' into profit overstatement  BBC News
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European mining stocks hurt by China growth worries
LONDON (MarketWatch) - Mining stocks led losses in Europe on Monday on concerns that China, a major natural-resources buyer, will tolerate slower economic growth, but Merck KGaA outperformed following the German company's agreement to buy ...
Merck KGaA (German Merck) Buys Sigma-Aldrich For $17B  Forbes
Germany's Merck to buy Sigma-Aldrich for $17 bln  Business Standard
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SNPL pilots union says to pursue strike indefinitely
PARIS (Reuters) - Air France's main pilot union said on Monday that it would pursue a strike until a solution to a dispute over strategy was found and demanded the withdrawal of plans to roll out the low-cost airline Transavia Europe.
Unions reject Air France plan; strike to continue  Khaleej Times
Strike threatens to snarl Air France flights for 2nd week  USA TODAY
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UPDATE 1-Auxilium says Endo's offer "significantly undervalues" co
(Adds details, background). Sept 22 (Reuters) - Auxilium Pharmaceuticals Inc said its board had determined that Endo International Plc's offer "significantly undervalues" the company.
Auxilium Sticks With QLT Merger After Reviewing Endo's Proposal  Wall Street Journal
Auxilium's Board Rejects Takeover Approach From Endo  New York Times
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