Greek stocks plunge after reopening Athens exchange
The Athens Stock Exchange reopened after a five week shutdown and suffered a 16.2 percent daily drop as 79 of 86 listed stocks fell, with banking shares hit hardest by a 30 percent decline. Investors battled losses while analysts warned the downturn may continue, and some traders expected further falls Tuesday.
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Athens
Athens Stock Exchange
Oil prices hit four month low as slump deepens
U S crude fell 1.77 dollars or 3.8 percent to 45.35 a barrel in New York, the lowest close in more than four months. The benchmark is down about 15 percent this year as traders await possible production cuts. Helima Croft of ABC Capital says producers are pumping to force others to cut first.
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U.S
New York
Helima Croft
ABC Capital
Mark la Neve
Ford
West Texas
Kelley
Tyson Foods Falls After Missed Profit and Outlook
Tyson Foods stock fell 9.9 percent to 39.96 after reporting weaker third quarter profit and sales and trimming guidance for the full year. Net income came in at 344 million or 83 cents per share, with adjusted earnings at 80 cents versus 92 cents expected. Twitter shares also slid, closing down 5.6 percent at 29.27 amid a slower user growth outlook. Dow Jones industrials stood at 17,598.
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Tyson Foods
Tyson
Twitter
Anthony Noto
Big SUVs Drive U S Auto Sales Gains in July
Automakers report strong July results as low gas prices shift demand toward SUVs and trucks. Subaru posts best month ever with 50,517 US sales. GM and Fiat Chrysler post gains, Ford trims car sales while ramping F-150 production.
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Kelley
Alec Gutierrez
Subaru
General Motors
Chevrolet
GMC
Buick
Cadillac
Fiat Chrysler Automobiles
Ford
Honda
Toyota
Nissan Group
U.S
Nissan
Fiat Chrysler
Jeep
LaNeve
Fiat
Citibank faces probe over student loan servicing practices
Citibank disclosed it is under investigation by regulators over its student loan servicing practices and said it could face orders to provide relief to customers or pay penalties. The move follows a CFPB action against Discover Bank for illegal servicing and debt-collection methods, part of a broader inquiry into borrower protections and defaults.
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Citibank
Securities and Exchange Commission
U.S. Consumer Financial Protection Bureau
Discover Bank
CFPB
Discover
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