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U.S. markets news

GDP grows at 4 percent pace. Good news for Democrats and Obama, right?
The 4 percent rise in GDP last quarter continues a string of modest but good economic news, yet the party in power doesn't seem to be getting much of the credit.
US economy grew at 4 percent rate in 2nd quarter, beating expectations
GDP grows 4% in the second quarter: Isn't that good news?  DigiNews
NPR   Related articles »  
Argentina Defaults According to S&P as Debt-Dispute Talks Fail
Standard & Poor's declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on $13 billion of restructured bonds.
Argentina fails to reach debt agreement  CNBC
Argentina on the brink as debt talks collapse
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Whole Foods shares fall after sales disappoint
AUSTIN, Texas (AP) - Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is facing.
Whole Foods shares dip on lower than expected same-store sales  Fortune
Whole Foods plans major marketing push  Daily Item
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Snapchat could become latest start-up to reach a $10-billion valuation
People take pictures in front of a Snapchat sign in Venice Beach last year. (Patrick T. Fallon / Bloomberg). By Andrea Chang, Paresh Dave contact the reporters · StartupsFinanceSnapchat, Inc.Alibaba GroupEconomy, Business and FinanceConsumer Goods ...
Snapchat value could hit $10 billion with possible Alibaba investment  Columbus CEO
Snapchat Said in Funding Talks With Alibaba at $10B  Bloomberg
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US STOCKS-S&P 500, Nasdaq end up as Fed in no rush to raise rates
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Twitter shares rally a day after results.
Market Close: S&P, Tech Stocks Head Higher on Fed View  DailyFinance
Nasdaq breaks 4-day losing streak, Dow rally fades  USA TODAY
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Dollar Holds Gains After GDP Rebounds as Oil Extends Drop
The dollar held gains against major peers, trading near its strongest level versus the yen since April, as the U.S. economy grew faster than forecast in the second quarter and the Federal Reserve reduced stimulus again.
Dollar, Treasuries yields gain after Fed statement  Reuters
Dollar Rises to 4-Month High as GDP Tops Forecast  Bloomberg
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UPDATE 1-Cargill, citing shrinking cattle herd, to shut Wisconsin beef plant
(Adds background, company spokesman, analysts comments). By Theopolis Waters. CHICAGO, July 30 (Reuters) - Cargill Inc, one of the nation's largest beef processors, said on Wednesday it plans to close its Milwaukee, Wisconsin, beef-processing plant on ...
Cargill to close Milwaukee beef plant  Chicago Tribune
Milwaukee beef plant closing due to lack of cattle: UPDATED  WBAY
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Facebook and Twitter Battle for World Cup Bragging Rights
The 2014 FIFA World Cup left few questions about who was the strongest team in the tournament. But nearly two weeks after Germany's win over Argentina in the final match, the battle online between Facebook and Twitter is still undecided.
Twitter's surge revives valuation debate  Chicago Tribune
Twitter Needs to Monetize You, Even If You're Not on Twitter  Mashable
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Kraft Foods quarterly net income down, revenue barely up
NEW YORK, July 30 (Reuters) - Kraft Foods Group Inc said on Wednesday that its second quarter net income fell 42 percent from a year ago when the company benefited from a gain tied to employee pensions, and its sales barely increased as the company ...
Kraft 2Q profit falls 42 percent  Businessweek
Kraft profit down more than 40%  MarketWatch
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Stonegate Bank Announces Second Quarter 2014 Operating Results
POMPANO BEACH, FL, Jul 30, 2014 (Marketwired via COMTEX) -- Stonegate Bank (NASDAQ:SGBK) ("Stonegate") reported net income of $1,904 for the second quarter of 2014 or $0.17 per diluted common share ($0.37 per share net operating income, ...
Triumph Group Reports First Quarter Fiscal 2015 Earnings  Wall Street Journal
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