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U.S. markets news

Fed Tunes Into Yellen Still Playing the Blues on Labor Market
The Federal Reserve's policy committee has tuned into Chair Janet Yellen's beat on the U.S. labor market, and it's still playing the blues.
US Fed trims stimulus, notes economy strengthening  Sydney Morning Herald
Fed, citing slack labor market, makes case to keep interest rates low  Buffalo News
ABC News   Related articles »  
Argentina Declared in Default by S&P as Talks Fail With Elliott
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, default looms  Reuters
No deal: Argentina's default is imminent  CNNMoney
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Bouncing Back, Economy Grew 4% for Quarter
Industrial output was credited with helping to spur growth in the second quarter. Credit Danny Johnston/Associated Press. Continue reading the main story.
Whoopie GDP: Strong Second-Quarter Growth Is Positive Sign For Economy  Forbes
Fed stays the course on rates as US gathers speed  The Globe and Mail
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Snapchat Said to Have Had Talks With Alibaba on Potential Investment
Photo. Snapchat lets people send photographs that vanish after viewing.Credit Snapchat. When Snapchat spurned takeover interest from the likes of Facebook and Google, investors scoffed at the audacity of the photo messaging service.
Snapchat could become latest start-up to reach a $10-billion valuation  Los Angeles Times
Snapchat's worth could soar to $10 billion following funding  TVNZ
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S&P 500, Nasdaq end up as Fed in no rush to raise rates
NEW YORK (Reuters) - The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S.
Dow falls, but S&P 500, Nasdaq gain; economy grows in second quarter ...  The Plain Dealer
US STOCKS-S&P 500, Nasdaq end up as Fed in no rush to raise rates  Reuters UK
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Cargill to close facility in Milwaukee
MILWAUKEE (WKOW) -- Cargill plans to close its beef harvest facility in Milwaukee, putting about 600 people out of work. The announcement came out Wednesday, with plans to close the plant at the close of business on Friday.
UPDATE 1-Cargill, citing shrinking cattle herd, to shut Wisconsin beef plant  Reuters
Milwaukee beef plant closing due to lack of cattle: UPDATED  WBAY
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Hundreds Of Cars Damaged After Water Main Break Floods UCLA Parking ...
WESTWOOD ( - Hundreds of cars were submerged by Tuesday's massive water main break in Westwood. An estimated 20 million gallons of water were lost when a high-pressure water main burst on Sunset Boulevard in front of Marymount ...
Who Pays Damaged Cars UCLA Water Main Break?  NBC Southern California
Los Angeles pipe rupture: A look at the numbers
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Twitter's surge revives valuation debate
(Reuters) - The surge in Twitter Inc's (TWTR.N) stock has revived debate about whether it warrants a valuation five times that of Facebook Inc (FB.
Twitter downplays World Cup's role in user growth but experts are skeptical  MarketWatch (blog)
Twitter's market value set to soar after strong results  Chicago Tribune
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UPDATE 1-Kraft Foods quarterly net income down, revenue barely up
(Adds quote, share price). By Anjali Athavaley. 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, ...
Kraft Misses Q2 Estimates on Rising Meat and Diary Costs  The Courier-Journal
Kraft Earnings Fall More Than 40%  NASDAQ
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Samsung warns second half will be tough as it reports weak Q2
The Korean electronics giant, which posted a 25 percent drop in operating profits, says the second half of 2014 "will remain a challenge" as price competition in smartphones hurts profitability.
Samsung Elec says Q3 handset, tablet shipments to rise 10 pct vs Q2  Reuters
Samsung profit hit as smartphone growth slows  BBC News
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