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U.S. markets news

As US Economy Accelerates, Fed Remains Cautious
After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year. That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent annual rate in ...
Economy rebounds from dismal winter as growth rate surges 4% in second quarter  Washington Post
U.S. economy rebounds  Toledo Blade
Hindu Business Line   Related articles »  
Q. and A.: Exploring What's Behind the Battle Over Argentina's Debt
Photo. In Argentina, a crowd protested layoffs at a U.S. automotive supplier and the demands of hedge funds, which they called vultures.
Argentina Slides Into Default as Debt Talks Fail  ABC News
Argentina fails to reach debt agreement, default looms  Washington Post
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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.
Fed seen raising interest rates in June 2015  Reuters
Fed, on Target to End Bond Buying, Stresses Concerns on Jobs Market  New York Times
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Snapchat in talks with Alibaba after snubbing Facebook
Take that, Facebook Inc. A year after rebuffing a $3 billion takeover proposal from Mark Zuckerberg, Snapchat Inc. is in talks to raise money from Alibaba Group Holding Ltd.
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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Dollar Holds Longest Yen Gains Since 2005 After US GDP
The dollar headed for its biggest monthly gain versus the euro since February last year as signs the U.S. economy is strengthening spur traders to boost predictions for higher interest rates.
Bullish dollar retains bulk of gains on US growth  CNBC
Dollar shines, US yields surge on upbeat US data  Reuters India
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UCLA flood from water line rupture is red flag for LA infrastructure
Work crews assess the damage at the site of the massive water main break on Sunset Boulevard by UCLA. Work crews assess the damage at the site of the massive water main break on Sunset Boulevard by UCLA.
DWP behind on water main replacements  Whittier Daily News
Water Main Break: "City Crumbling Underneath Us"  NBC Southern California
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Journal Communications, Scripps Co. announce deal
MILWAUKEE - Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have announced an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public company.
Journal Communications, EW Scripps agree to combine, swap  Chicago Tribune
KIVI/KNIN parent company to merge
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Samsung Electronics says its 2Q profits plunge 20 percent
SEOUL, South Korea - Samsung Electronics Co. said Thursday that its second-quarter profit dropped 20 percent as smartphone and tablet sales fell.
Samsung to launch two new high-end smartphones  MarketWatch
Samsung Elec sees tough second half after second-quarter profit slips  Reuters
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Bank of America Hit With $2.7 Billion Penalty
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae.
Judge orders Bank of America to pay $1.27 billion for Countrywide mortgages  Columbus CEO
Bank of America Raises Its Settlement Offer  New York Times
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CORRECTING and REPLACING Vector Group Reports Second Quarter 2014 ...
MIAMI, Jul 30, 2014 (BUSINESS WIRE) -- Please replace the release with the following corrected version due to multiple revisions. The corrected release reads: VECTOR GROUP REPORTS SECOND QUARTER 2014 FINANCIAL RESULTS.
Focus Business Bank Announces Unaudited Financial Results for Quarter ...  CNNMoney
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