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U.S. markets news

Drugmaker Shire bids $30 billion for Baxter spin-off Baxalta
LONDON Drugmaker Shire (SHP.L) said on Tuesday it was seeking to buy Baxalta (BXLT.N), a company spun-off by Baxter International (BAX.
Dealpolitik: Baxalta Well-Armed to Fend Off Shire's Unsolicited Bid  Wall Street Journal (blog)
Shire/Baxalta: merry-go-round  Financial Times
US factory orders rebound on strong demand for aircraft
WASHINGTON New orders for U.S. factory goods rebounded strongly in June on robust demand for transportation equipment and other goods, a hopeful sign for the struggling manufacturing sector.
Factory orders rose 1.8% in June on strong aircraft demand  USA TODAY
Factory orders up 1.8% in June, matching estimates  CNBC
Freddie Mac to hand $3.9 bln to US Treasury
WASHINGTON Aug 4 Government-controlled mortgage finance firm Freddie Mac on Tuesday said big gains in its loan guarantee business and its investment portfolio will allow it to cut a check to the U.S.
New 3%-down mortgage off to 'good start,' Freddie Mac chief says  MarketWatch
Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend  SFGate
Top US Air Carriers Ban Hunting 'Trophies' From Planes
All three of the major U.S. airlines have now banned the transport of hunting trophies from Africa in the wake of the outrage over the shooting death of a lion in Zimbabwe by a Minnesota dentist.
Major US airlines ban big-game trophies on their flights  Christian Science Monitor
Air Canada bans shipment of animal trophies worldwide  CTV News
Alibaba Group Names Michael Evans as President
BEIJING—Alibaba has a new global salesman. Alibaba Group Holding Ltd. BABA 1.34 % said Tuesday it appointed Michael Evans, a former top Goldman Sachs Group Inc. executive, as president effective immediately.
An ex-Goldman Sachs executive will lead Alibaba's efforts to sell more ...  Quartz
Alibaba names Goldman Sachs exec as president  USA TODAY
GM to invest $877 million to overhaul Flint, Michigan, truck plant
DETROIT Aug 4 General Motors Co said on Tuesday it will spend $877 million to overhaul its pickup truck factory in Flint, Michigan, capping a series of investments to keep production of profitable large pickups and sport utility vehicles rolling ...
New $877M body plant 'biggest investment' in Flint since at least ...
GM to Invest $877 Million to Upgrade Flint, Mich., Truck Factory  Wall Street Journal
Kellogg's US breakfast business shrinks again
BATTLE CREEK, Mich. (AP) - Kellogg says its U.S. breakfast foods division saw another decline in quarterly sales but that trends in the cereal category were improving.
Kellogg's sales decline again in US cereal division; company says trends ...  Fox Business
Kellogg Profit Falls 24% as Currency Dents Sales  Wall Street Journal
Toyota Posts Record Profit, Fueled by Weak Yen
TOKYO— Toyota Motor Corp. TM -2.87 % can thank a weak yen for its record quarterly earnings. The car maker Tuesday reported a net profit of �646.4 billion ($5.2 billion) for its first quarter, even as slowing demand in Japan and Southeast Asia ...
Toyota sells fewer cars, but makes 10% more profit
Quarterly profit up by 10% to $5.2 bn, lifts sales forecast :Toyota  Hindustan Times
Puerto Rico Faces Greek-Style Austerity Nightmare After Default
Puerto Rico could be facing a similar fate as Greece, with massive spending cuts and tax rises, after the debt-laden commonwealth went into default Monday.
Puerto Rico debt-crisis grows as payments halt, bond prices fall  Livemint
Puerto Rico Needs to Restructure Debt: Rhodes  Bloomberg
Airbus patents jet that could race from New York to London in one hour
While the now-retired Concorde once made it possible to cross the Atlantic in just three hours, trips between New York and London currently take closer to seven.
Is NYC-London in 90 minutes a flight of fancy?  WPTZ The Champlain Valley
Proposed Hypersonic Plane From Airbus: Paris To Tokyo In 3 Hours (Instead Of 12)  The Consumerist