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U.S. markets news

Honda profit up 20 percent as robust US sales, weak yen offset quality costs
TOKYO Honda Motor Co (7267.T) said on Friday its quarterly net profit jumped 20 percent, beating estimates, as strong sales in the United States and a weak yen helped it absorb the impact of higher quality-related costs.
Honda three-month profit jumps nearly 20%  Sky News Australia
Honda's profit jumps 20% on strong US sales  BBC News
Bloomberg  
Greek PM defends 'emergency' plan for potential euro zone exit
ATHENS Greek Prime Minister Alexis Tsipras on Friday confirmed he authorized his former finance minister to prepare contingency plans in case the country was forced to leave the euro, calling it the obligation of a responsible government.
Greece's Tsipras Called for Grexit Contingency Plan  Wall Street Journal
Greece news live: Tsipras defends Varoufakis 'Plan B' after IMF ...  Telegraph.co.uk
China shares post worst monthly loss in six years despite govt support steps
HONG KONG China stocks fell on Friday and posted their biggest monthly loss in nearly six years, even as Beijing rolled out a series of support measures and promised to step up efforts to bolster the flagging economy.
China's Stock Markets: Nearly 25 Years of Wild Swings  Wall Street Journal (blog)
Asian markets post gains after US growth data  CTV News
IPO Market Is Getting Healthier Thanks to Deals Like SoulCycle
General atmosphere at the kick-off of SoulCycle at the Spotify House in Austin, on March 16, 2015. Photographer: Alli Harvey/Getty Images for Spotify.
The Fitness Chain SoulCycle Files for an Initial Public Offering  New York Times
SoulCycle, the indoor cycling chain, files for initial public offering  Dispatch Times
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.
Community holding up after pest infestation  The Baytown Sun
Houston Neighborhood Says Drinking Water Filled With Worms  Ledger Gazette
5 cities that will get the cheaper, 'millennial' version of Whole Foods
Stores in Los Angeles's neighborhood of Silver Lake are about to get some competition from Whole Foods. By. SallyFrench. Social media editor.
Whole Foods to take on Trader Joe's in LA with smaller stores  Los Angeles Times
Whole Foods: Sales hurt by bad publicity from overcharging  Barre Montpelier Times Argus
Rebound = rate hike
Thursday's GDP report, showing steady growth fueled by consumer spending, should bolster the Fed's case for a rate increase.
UK economy grows 0.7% in second quarter  Dispatch Times
US economy expanded at 2.3pc annual rate in June quarter  Sydney Morning Herald
Uber to invest $1 billion in India to reach more cities
NEW DELHI - Uber Technologies Inc. said it would invest $1 billion in India in the next nine months as it seeks to increase the number of cities in which it operates in the country and fend off competition from local rivals.
Watch out Ola. Uber is spending $1 billion on its India operations  Quartz
Uber invests $1 billion in India  The Verge
Airbus aims to double A350 output in 2016, sees A380 sales soon
PARIS, July 31 Airbus Group said it was on track to deliver 15 A350 passenger jets this year and aimed to more than double that in 2016 as it focuses on the ramp-up for its newest passenger jet.
Airbus reports profits up by 34%  BBC News
Airbus Profit Rises on Higher Plane Deliveries; Keeps Target  Bloomberg
Lloyds Profit Rises Despite $2.2 Billion Provision for Loan Customers
LONDON - The Lloyds Banking Group said on Friday that its profit had risen 18 percent in the first half of 2015, but its results were again dragged down by provisions for a contentious loan insurance product that has cost the industry billions of dollars.
Lloyds Bank First Half Net Income up 15 Percent  ABC News
Lloyds First-Half Profit Rises, Takes $2.2 Billion Provision  Bloomberg