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U.S. markets news

U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
US economy expected to pick up after weak growth in spring  U.S. News & World Report
GDP Report's Silver Lining Muddied by Weak Business Spending  Wall Street Journal (blog)
USA TODAY  
Exxon Has Worst Profit Since '99 as Chevron Posts Loss
Exxon Mobil Corp. and Chevron Corp. missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Low Crude Prices Hammer Big Oil Companies  Wall Street Journal
Oil rout erodes second-quarter profits for US majors Exxon, Chevron  Reuters
SABMiller backs AB InBev offer for biggest-ever consumer takeover
LONDON/BRUSSELS The board of brewer SABMiller (SAB.L) will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev (ABI.
SABMiller board likes AB InBev's sweetened offer  USA TODAY
SABMiller to recommend AB InBev's improved offer  CNSNews.com
S&P 500 Caps Fifth Monthly Gain as Rally Shows Signs of Fatigue
Bulls keep squeezing gains out of the U.S. equity market, sending the S&P 500 Index to its longest streak of monthly gains since 2014 just two weeks after reaching a record.
US stocks end mostly higher; post solid monthly gains  MarketWatch
Tech shares and muted GDP growth push S&P 500 to record  Reuters
Monte Paschi Capital Wiped Out in European Bank Stress Test
Banca Monte dei Paschi di Siena SpA was the worst performer in European regulators' stress tests, the only lender of 51 to have its capital wiped out in the exam, as the region struggles to contain an Italian banking crisis that the nation said won't ...
Italian, Irish, Spanish banks do worst in EU stress test  Reuters
Italian Bank Raises Billions After Poor Show in Stress Tests  New York Times
Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The third time isn't the charm. Or the fourth. Or the fifth. Or, apparently, the sixth or seventh. Earlier this month, the U.S.
Facebook could owe $5 billion in back taxes  Washington Post
Facebook could owe $5 billion in taxes  CNNMoney
NASA's new space plane is getting ready to take flight
The Sierra Nevada Corp.'s Dream Chaser won a NASA contract to fly cargo to the International Space Station. The Sierra Nevada Corp.
Sierra Nevada Corp. prepares for next round of Dream Chaser tests  SpaceNews
Here Comes The First Pilot-Less Private Space Shuttle  Daily Caller
Blue Bell facing potential $850000 fine after listeria scare
Want more news? Sign up for free newsletters to get more of the Statesman delivered to your inbox. Blue Bell faces a state fine of as much as $850,000 following a listeria scare last year that forced the Brenham-based company to halt production and ...
Texas Hands Blue Bell Potential $850K Fine Over Listeria  ABC News
State health department fines Blue Bell $850000 following Listeria outbreak  Dallas Morning News
Two million gallons of sewage overflow into Patuxent River in North Laurel
Nearly two million gallons of sewage overflowed into the Patuxent River on Friday, causing Laurel city officials to close Riverfront Park.
Md. Park Closed After 1.5 Million Gallons of Sewage Spills Into Patuxent River  NBC4 Washington
Nearly 2 million gallons of sewage spill into Patuxent River shutting down ...  WJLA
UPDATE 1-US oil drillers add the most rigs in a month in over 2 years -Baker ...
(Recasts to add monthly data to headline, paragraphs 1, 4). July 29 U.S. drillers this week added oil rigs for a fifth consecutive week as part of the biggest monthly rig count increase in over two years, Baker Hughes Inc said on Friday.
US Oil-Rig Count Gains by Three in Latest Week  Wall Street Journal
Oil Producers in U.S. Add to Rig Fleet for a Fifth Week: Chart  Bloomberg