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U.S. markets news

Americans Curb Their Spending Increases in June
WASHINGTON—Americans curbed their spending increases in June, a sign that weak wage growth might be weighing on consumers. Personal spending, which measures what consumers spend on everything from donuts to dishwashers, rose 0.2% from a ...
Consumer spending rose modestly in June  USA TODAY
Americans Kept Spending in June to End Better Second Quarter  Bloomberg
Los Angeles Times  
Athens stock exchange tumbles as much as 23% as it reopens
A file picture dated Dec. 29, 2014 of a woman opening a door next to screens displaying Greek stock indicies in Athens, Greece. The Greek stock market reopened on Aug. 3, 2015.
Greek Stocks Fall as Trading Resumes After Five-Week Exchange Closure  Wall Street Journal
Greek bank shares crash 30% as market reopens  CNNMoney
As stocks slide, China's factories gear down
As stocks continue to slide in China, slowing production by the nation's factories could stoke fears that its economy is faltering.
Euro zone factory growth steady in July despite Greek turmoil  Reuters
Chinese stocks tumbled  Moneycontrol.com
Nokia selling map biz to auto group for $3 billion
Nokia announced it will sell its mapping business Here to an auto consortium including Audi, BMW and Mercedes-Benz owner Daimler AG for $3.07 billion.
The Morning Download: German Car Makers Win Deal for Nokia Map Unit  Wall Street Journal (blog)
Nokia sells Here Maps business to Audi, BMW Group, and Daimler  PCWorld
Brazil's Bradesco Deal Not Enough to Eclipse Itau
S�O PAULO—Banco Bradesco SA BBDO -2.97 % 's acquisition of the Brazilian unit of HSBC Holdings HSBC 0.47 % PLC is its biggest deal ever, but it isn't enough to push it past private-sector bank rival Itau Unibanco Holdings SA ITUB -1.15 % in terms of ...
UPDATE 4-HSBC sells up in Brazil as profits jump on Hong Kong boom  Reuters
HSBC exits Brazil as group profit falls  THE BUSINESS TIMES
Coal Miner Alpha Natural Resources Files for Bankruptcy
Alpha Natural Resources Inc. filed for bankruptcy, becoming the latest victim of the coal industry's worst downturn in decades.
Alpha Natural Resources Announces Voluntary Chapter 11 Restructuring to ...  CNNMoney
Alpha files for Chapter 11 bankruptcy  Pittsburgh Post-Gazette
Kraft issues recall of cheese slices citing choking hazard
Kraft Heinz issued a recall Friday for some of their individually wrapped cheese slices called Singles citing a danger of choking.
Kraft Recalls Cheese Because People Are Choking on the Plastic  TIME
Thousands Of Kraft Cheese Singles Cases Recalled Over Choking Hazard  CBS Local
UPDATE 2-Tyson Foods cuts profit forecast on weak beef business
... * Cuts full-year adj EPS forecast to $3.10-$3.20. * Third-quarter adj EPS $0.80 vs est $0.92. * Shares slump 9.6 pct premarket (Adds details, analyst comment).
Tyson Foods shares fall on earnings misses, lower outlook  USA TODAY
Tyson Cuts Profit Forecast as Beef Margins Shrink  Bloomberg
The Repercussions Of China's Heavy-Handed Market Intervention
The key question being asked by investors in Chinese stocks - especially those offshore - right now seems to be whether the administrative intervention will impact critically needed market reforms.
China's Latest Warning to Equity Investors: No Big Sell Orders  Bloomberg
China market extends losses on growth concerns  Business Standard
Exor, PartnerRe settle on $6.9 billion deal
Italy's Exor SpA and PartnerRe Ltd. ended months of negotiations by reaching an agreement in which Exor would buy PartnerRe in a deal valued at $6.9 billion.
Deals of the Day: Exor Wins PartnerRe Tug-of-War, HSBC Sells Brazil Unit  Wall Street Journal (blog)