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Facebook revenue jumps 61% on mobile ad strength
SAN FRANCISCO -- Fueled by strong demand for mobile advertising, Facebook is officially on fire. The giant social network scorched analyst estimates on Wednesday for the ninth straight quarter.
Facebook's Profit Soars Past Expectations, Fueled by Mobile Ads  New York Times
UPDATE 2-Facebook beats Wall Street targets, stock hits record high  Reuters
Business Insider   Related articles »  
S&P 500 closes at record high
The S&P 500 closed at a record high Wednesday as stocks were mostly higher on positive earnings reports. With about 30% of the companies in the Standard & Poor's 500 index reporting, 68% have topped estimates.
US STOCKS SNAPSHOT-Apple's results lift S&P 500 to record close  Reuters
Stocks Mixed, S&P Closes at Record High on Apple, Pepsi Earnings  NBCNews.com
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China Detains Five in Food-Safety Investigation
A worker stands near a shut down machine at Husi Food Co. in Shanghai, China, earlier this week. Associated Press/Xinhua. BEIJINGļæ½China detained employees of a U.S.
Yum Terminates Relationship With Supplier After Government Probe  Businessweek
Police detain employees of suspect meat seller  TODAYonline
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UPDATE 2-US moves to enhance safety of oil-by-rail shipments
(Adds detail throughout). By Edward McAllister and Joshua Schneyer. NEW YORK, July 23 (Reuters) - The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move ...
Stopping Deadly Oil Train Fires: New Rules Planned  ABC News
White House Tightens Oil Train Safety Regulations  TIME
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UPDATE 3-SEC's long path to money market fund reform ends in compromise
(Adds details, reactions to the SEC's rule). By Sarah N. Lynch. WASHINGTON, July 23 (Reuters) - U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to ...
SEC Approves Rules on Money Market Funds  New York Times
SEC Reforms Money Market Funds, Unveils Floating NAV  Investor's Business Daily
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IMF cuts US 2014 growth forecast to 1.7 percent
WASHINGTON (Reuters) - The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the ...
IMF sees slower growth in US economy in 2014, urges steps to boost long-run ...  Fox Business
IMF is latest to reduce US growth forecast  euronews
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Retail sales forecast lowered for 2014 after slow first half
The National Retail Federation lowered its retail sales growth forecast for 2014. Above, a shopper at a Gap store in Pittsburgh in May.
Cold winter lowers retail sales forecast for the year  Newsday
Trade group cuts retail sales forecast for 2014  USA TODAY
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Six indicted in alleged hack of StubHub customers' credit cards
Manhattan Dist. Atty. Cyrus R. Vance Jr. announces the indictments of members of an alleged international cyber-crime ring that targeted StubHub customers.
Six indicted in StubHub cybercrime case  Fox News
Arrests made after eBay's Stubhub suffers cyber-thefts  BBC News
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Israeli Airline With Missile Defenses Goes to Israel When US Carriers Won't
As the grounding of American air carriers flying to Israel was extended today, one major Israeli airline says it's braving potential rocket attacks to fly home to Tel Aviv - an airline that's one of the only ones in the world boasting high-tech anti-missile defenses.
FAA ban marks Israeli setback, Hamas 'victory'  CNN International
FAA extends flight ban to Israel for 24 hours  USA TODAY
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Qualcomm Profit Forecast Misses on China Challenges
Qualcomm Inc. (QCOM:US), the biggest maker of mobile-phone chips, forecast fiscal fourth-quarter profit that may fall short of analysts' estimates, citing challenges to its technology-licensing business in China.
Why Qualcomm (QCOM) Stock Is Down In After-Hours Trading Today  TheStreet.com
Qualcomm profit up, sees challenges in China  MarketWatch
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