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U.S. markets news

US Economy Grew at 2.3% Rate in 2nd Quarter
The American economy regained its footing last quarter, expanding at an annual rate of 2.3 percent amid a better trade picture, robust consumer spending and a healthy housing sector.
Consumer spending bolsters US second-quarter growth  Reuters
Economy grows 2.3% in spring; 1st quarter revised higher  Los Angeles Times
Wall Street Journal (blog)  
US jobless claims increase, but still near cycle lows
WASHINGTON The number of Americans filing new applications for unemployment benefits increased last. week, but remained near cycle lows in a sign that the jobs.
US Jobless Claims Inch Up From Lowest Level Since 1973  Wall Street Journal
Applications for US Jobless Aid Rise to Still-Low 267000  New York Times
Tsipras calls Syriza party referendum on bailout
Greece's Prime Minister Alexis Tsipras has thrown down a challenge to his critics by calling a “referendum” of Syriza party members on Greece's latest bailout agreement, saying his government had made “difficult choices” to protect the country from ...
Greek PM suggests party referendum to overcome split in Syriza  Reuters
Greek PM Seeks to Quash Rebellion with Party Vote  Voice of America
Shell Posts Sharp Fall in Profit, to Cut 6500 Jobs
LONDON— Royal Dutch Shell RDS.A 1.02 % PLC announced plans to slash 6,500 jobs Thursday amid a slump in oil prices that has sent a wave of job cuts rippling through the industry.
Royal Dutch Shell signals Browse FLNG go-ahead far from certain for 2016  Sydney Morning Herald
Shell to "take a good look" at North Sea after BG deal  Reuters Africa
Businesses fume as Congress lets Export-Import Bank stay dead
A small crop-duster manufacturer and a Texas company that exports oil equipment fret about losing 25 percent to 40 percent of their sales.
Boeing may move 'key pieces' overseas if Ex-Im isn't restored  Memphis Business Journal (blog)
UPDATE 4-Boeing may move work abroad with Ex-Im future uncertain -chairman  Reuters
Facebook 2Q results soar as user base, mobile ads grow
The world's largest online social network surpassed expectations on all fronts in the second quarter. It grew not just profit and revenue, but also its already-massive user base and mobile advertising, as well as usage of its “family” of non-Facebook ...
Cramer's Charitable Trust: Facebook Results Impress
Facebook edges ahead of Twitter after second quarter results  Livemint
Fiat Chrysler's Profit Jumps as North America Margins Improve Strongly
Fiat Chrysler Automobiles FCAU -2.75 % NV on Thursday reported a two-thirds jump in second-quarter profit as the Italian-American car maker showed strong improvement in its North America margins and consolidated a timid turnaround in its European ...
Fiat Chrysler lifts guidance after strong Q2, shares rise  Reuters
Fiat Chrysler raises outlook as Q2 profits jump 70 percent  Washington Post
Procter & Gamble Gives a Muted Outlook
Procter & Gamble Co. PG 0.49 % gave muted guidance for its new fiscal year on Thursday, as sales fell 9.2% in the June quarter on volume decreases and the company booked a big charge related to an accounting change for its Venezuela operations.
P&G Fourth-Quarter Profit Tops Estimates as Lafley Cuts Costs  Bloomberg
P&G's Sales Dip Again on Softer Volume, Exchange Rates  ABC News
UPDATE 1-Mondelez profit beats on lower costs, boosts buyback
(Adds details, share movement). July 30 (Reuters) - Mondelez International Inc reported a better-than-expected quarterly profit, helped by lower costs, and the maker of Cadbury chocolate and Oreo cookies boosted its share buyback plan by $6 billion.
Mondelez Raises Guidance as Results Beat  Wall Street Journal
Mondelez Profit Beats Estimates as Factories Move Overseas  Bloomberg
Time Warner Cable misses on Q2 earnings, revenue
Time Warner Cable (TWC) missed Wall Street expectations on Q2 earnings and revenue, as programming costs continued to rise and customers migrate from traditional pay-TV service.
UPDATE 1-Time Warner Cable profit, revenue miss estimates  Reuters
Time Warner Cable Profit, Revenue Miss Estimates  Fox Business