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Dow falls 150 points as energy, data weigh; Apple falls more than 2%

U.S. stocks traded lower on the first day of trade for August as investors eyed economic data amid a renewed decline in oil and overseas news.
Source: CNBC.com | By: Evelyn Cheng
Oil prices slide as worries about global supply glut mount

Benchmark U.S. crude fell $1.95, or 4.1 percent, to close at $45.17 a barrel in New York. U.S. crude has been declining since reaching a high this year of $61.43 a barrel on June 10. Brent crude, a benchmark for international oils used by many U.S. refineries, was declined $2.69, or 5.2 percent, to $49.52 a barrel in London.
Source: The Associated Press | By: By ALEX VEIGA, AP Business Writer
WRAPUP 3-U.S. factory activity dips; consumer spending cools

WASHINGTON, Aug 3- U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan...
Source: Reuters | By: Lucia Mutikani
US STOCKS-Weak oil, soft data weigh on U.S. stocks

*Tyson Foods falls after profit forecast cut. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses. Oil prices were knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China.
Source: Reuters | By: Tanya Agrawal
Dollar pares gains as manufacturing data disappoints

The dollar pared gains against the euro on Monday after data showed the pace of growth in the U.S. manufacturing sector slowed in July.
Source: Reuters
'Mom and Pop' diners dying off as chains expand

What's the state of the restaurant industry? It depends where you look.
Source: CNBC.com | By: Katie Little
UPDATE 3-Tyson sales growth slows as port disruptions hit beef exports

*Tyson forced to cut prices to clear inventory. Aug 3- Tyson Foods Inc, the biggest U.S. meat processor, cut its full-year profit forecast after posting its slowest sales growth in nine quarters as customers overseas refused to accept shipments delayed by West Coast port disruptions. During the disruptions, Asian buyers were importing meat from other countries...
Source: Reuters | By: Sruthi Ramakrishnan
Twitter slides to record low amid growth concerns

Twitter shares hit an intraday low on Monday amid lingering concerns about long-term user growth and profitability.
Source: CNBC.com | By: Jacob Pramuk
What the market is saying about consumers: Tom Lee

While recent data on the consumer have been less than encouraging, the market is sending a different signal, strategist Tom Lee says.
Source: CNBC.com | By: Michelle Fox
Rising profits at big U.S. banks boost executive pay - KBW

Aug 3- Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette& Woods said on Monday. Total compensation for all top U.S. banks rose in 2014 with the exception of Citigroup Inc, KBW analysts wrote in a note. Average pay increase was the most at Morgan Stanley, while Goldman Sachs Group Inc paid the most to its top...
Source: Reuters