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U.S. markets news

Optimistic About Inflation, Stanley Fischer Suggests That Fed Will Stick to ...
JACKSON HOLE, Wyo. - The Federal Reserve's vice chairman, Stanley Fischer, said on Saturday that he saw “good reason” to expect that inflation would rebound to a healthier pace as the American economy continued to grow.
Fed's Fischer says not clear how Fed discussions could affect China stocks  Reuters
STANLEY FISCHER: These 7 charts give me 'good reason to believe' ...  Carbondale News
Mother Jones  
A huge fight is about to erupt over US Army's $30 billion Humvee replacement
Oshkosh Corp. has just beaten out Lockheed Martin and AM General to built the Joint Light Tactical Vehicle - and they're not happy.
This Is the US Army's Replacement for the Famous Humvee  Ledger Gazette
There's a Humvee replacement on the way  Christian Science Monitor
Berkshire Hathaway Takes Larger Stake in Phillips 66
Berkshire Hathaway, the holding company led by Warren E. Buffett, disclosed a $4.48 billion stake in the oil refiner Phillips 66, rebuilding a bet Berkshire had made in the energy industry before oil prices fell.
Berkshire Hathaway builds stake in refiner Phillips 66  Washington Post
Warren Buffett's Berkshire Hathaway bets on oil rebound with Phillips 66 ...  The Australian Financial Review
Intel invests $60m in Chinese drone maker Yuneec
Yuneec Typhoon drone. The company is working on developing future products with Intel. Photo / AP. Intel Corp. has poured more than $60 million into Yuneec International Co.
Intel invests $60M in drone maker Yuneec for future collaboration  Press Examiner
Intel Forays into Consumer Drone Market, Invests Over $60 Million  Yibada (English Edition)
UPDATE 3-Scotiabank energy-sector bad loans climb; profit tops estimates
(Adds CFO comments, updates shares). By John Tilak. TORONTO Aug 28 (Reuters) - Bank of Nova Scotia, which reported a quarterly profit that beat market expectations on Friday, said bad loans in the energy sector climbed as the oil price selloff took a toll.
Scotiabank sees gains in international operations profit  The Globe and Mail (subscription)
Scotiabank energy-sector bad loans climb; profit tops estimates  Reuters Africa
Twitter Setting Modest Goals to Improve Diversity
The company has been working hard to increase employee diversity for a long time; they even continue to post diversity goals online in an effort to improve awareness throughout social media (and hoping it will trickle back down to their workforce ...
Twitter shares 2016 diversity goals for hiring women, underrepresented ...  Dispatch Times
Twitter sets modest goals to diversity its workforce  Financial Express
Major Bread Recall Announced
Bimbo Bakeries is recalling packages of certain bread products across 11 states, after it received three consumer-reports of small pieces of glass found on the outside of the bread.
Bimbo Bakeries Recalls Bread Products over Glass Fragments  KTIC
This Bread, Sold In 11 States, Was Recalled For Possibly Having Glass In It  Bustle
France unsure plane part came from MH370, source says
(CNN) Experts in France have not been able to determine with certainty whether a piece of airplane wing found July 29 on an Indian Ocean island belongs to MH370, the Malaysian airliner carrying 239 people that disappeared 2014, a French source close to ...
The Case of the MH370 Wing Segment Keeps Getting Weirder  Gizmodo
Source: France unsure part came from MH370  MyWabashValley
US funds new high-tech venture: Flexible, stretchy sensors
Defense Secretary Ash Carter announced Friday that the Pentagon is funding a new venture to develop cutting-edge electronics and sensors that can flex and stretch and could be built into clothing or the skins of ships and aircraft.
Apple (AAPL), Hewlett-Packard (HPQ) And Boeing (BA) Team Up With The Pentagon  CNA Finance (press release)
Pentagon teams up with Apple, Boeing to develop wearable tech  Barrington Review
India's Rajan Says Reserve Bank Is in an 'Accommodative' Policy Phase
JACKSON HOLE, Wyo.—The Reserve Bank of India is in an accommodative phase of monetary policy, meaning it is looking to reduce interest rates, RBI Gov.
RBI not done with rate cut, still in accommodative mode: Raghuram Rajan  India Today
Rajan cautions US Fed against raising rates  The Statesman