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U.S. markets news

Fed Says Risks Have Diminished as It Leaves Rate Unchanged
The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs.
Fed leaves markets guessing on rate hike timing, but December possible  CNBC
Fed Leaves Door Open to Move as Soon as September  Wall Street Journal
MarketWatch  
Pending home sales improved slightly in June
WASHINGTON - The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still on track.
Pending home sales eked out 0.2% gain in June  CNBC
Pending home sales rise slightly in June  Business Insider
Here Is Marissa Mayer's Letter To Yahoo Employees About The Verizon Sale
Iconic web portal Yahoo agreed to sell its core operating business to Verizon for $4.8 billion on Monday morning, ending 22 years of independence.
Verizon talking to cities about fiber expansion after years of stagnation  Ars Technica
By buying Yahoo, Verizon scoops up a rare prize: Silicon Valley real estate  Los Angeles Times
California power operator urges conservation during heat wave
California's power grid operator issued an alert urging consumers to conserve electricity on Wednesday as a heat wave baked the state, especially in the north.
California ISO Issues Flex Alert  NBC Southern California
California power grid operator issues 'flex alert' as temperature soars  Sacramento Bee
Facebook hits 1.71B users as it crushes Q2 earnings with $6.44B revenue ...
Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower than at 3.63% compared to last quarter's 3.77%, adding 60 million this quarter to reach 1.71 ...
Facebook Posts Strong Profit and Revenue Growth  Wall Street Journal
Will Facebook crush earnings again?  USA TODAY
Twitter's video push seen taking time to fast-forward growth
Video may have killed the radio star, but it could offer a lifeline to Twitter Inc. Just don't expect a turnaround in the company's flagging fortunes anytime soon, analysts said.
Dorsey treats Twitter like 'private fiefdom,' banned user Milo ...  CNBC
If Twitter Can't Do Better Than This, Activists Could Push for a Sale  TheStreet.com
UPDATE 2-Oreo maker Mondelez fights North America biscuit rivals
(Adds details from conference call, new throughout). By Tom Polansek. CHICAGO, July 27 Oreo maker Mondelez International Inc is fighting back against aggressive rivals in North America after its share of the biscuit market there declined in the second ...
Oreo maker Mondelez's revenue falls for 11th straight quarter  CNBC
Mondelez (MDLZ) CEO Irene Rosenfeld Talks Earnings on CNBC  TheStreet.com
US durable goods orders fell 4.0% in June vs. 1.1% drop expected
An employee builds a component for hybrid electric vehicle motors at the Toshiba International Corp. manufacturing facility in Houston.
Orders for durable goods plunged in June  U.S. News & World Report
June Durable Goods Orders Plunge  Fox Business
McDonald's franchisees' ominous prediction came true
McDonald's all-day breakfast has been a massive success, helping to drive up sales growth after two years of declines. But the excitement from the new menu offering appears to be wearing off, and sales growth is now slowing.
McDonald's Is In The Last Throes Of Earnings Growth  Seeking Alpha
McDonald's sales slump despite all-day breakfast success  Christian Science Monitor
Coca-Cola's revenue misses on weak China, LatAm markets
Coca-Cola Co (KO.N) reported lower-than-expected quarterly revenue due to weakness in China and certain Latin American economies, and the company warned of no improvement in those markets for the rest of the year.
Coke's Revenue Slides as Soda Volume Declines  Wall Street Journal
Coca-Cola cuts sales outlook amid weak international demand  Savannah Morning News