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U.S. markets news

U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
US GDP Grew a Disappointing 1.2% in Second Quarter  Wall Street Journal
Spring slump: U.S. economy only grows 1.2%  CNNMoney
CNBC  
S&P 500 and Nasdaq Turn Higher as Alphabet Leads, Exxon Falls
Stocks fluctuate on Friday morning as the mix of earnings reports again pulls Wall Street in two directions. Keris Alison Lahiff. Follow.
Stocks Fluctuate But S&P 500 Still Reaches New Record High - U.S. Commentary  Nasdaq
Stock Market News for July 29, 2016  Zacks.com
Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The third time isn't the charm. Or the fourth. Or the fifth. Or, apparently, the sixth or seventh. Earlier this month, the U.S.
Facebook could owe $5 billion in taxes  CNNMoney
Facebook Tax Bill Over Ireland Move Could Cost $5 Billion  Bloomberg
AB InBev clears China hurdle in SABMiller takeover deal
BRUSSELS/BEIJING Brewer Anheuser-Busch InBev (ABI.BR) cleared a major hurdle toward its takeover of SABMiller (SAB.L) with regulatory approval from China on Friday, leaving the acquisition's future in the hands of the British company's board.
SABMiller Board Backs AB InBev's Higher Offer  Wall Street Journal
SABMiller Board Recommends AB InBev's New $104 Billion Offer  Bloomberg
NextEra Energy Is New Buyer of Energy Future Holdings
Perseverance pays off for the clean energy company, which expressed repeated interest last year in acquiring Oncor, the debtor's electricity transmission and distribution arm.
Florida-based NextEra agrees to $18.4B deal to buy Texas electricity giant Oncor  Dallas Morning News
NextEra Will Go Deeper Into Texas and Buy Oncor for $18B  Greentech Media
Low Crude Prices Hammer Big Oil Companies
Exxon Mobil Corp. XOM -2.55 % saw profit fall 60%, and Chevron CVX -0.30 % reported a third-straight quarterly loss on Friday, capping off a week of lackluster results for the biggest Western oil companies and underscoring the continued challenge they ...
Oil rout erodes second-quarter profits for US majors Exxon, Chevron  Reuters
Midday Report: Wall St. Moves Higher as Oil Prices Reverse Decline  New York Times
Google Profits Surge on Strong Ad Demand
Google parent Alphabet Inc. GOOGL 4.26 % said quarterly profit soared 24%, the second internet giant in two days to report blockbuster earnings driven by consumers' rapid shift to mobile devices.
Keep me signed in  Investor's Business Daily
Digital Duopoly: Google Follows Facebook Results With an Amazing Quarter of ...  AdAge.com
Merck Posts Strong 2Q Numbers, While Building for Long Term
Drugmaker Merck & Co., focused heavily on its long-term future as it builds sales of crucial new medicines Keytruda for cancer and Zepatier for hepatitis C, still posted a big jump in second-quarter profit thanks to slightly higher sales and more cost ...
Merck's Profit Beats Estimates on Diabetes Drug Sales  Bloomberg
Merck & Co reports 1 percent rise in quarterly revenue  CNBC
Drugmaker AbbVie bumps up profit forecast on strong Humira sales
AbbVie posted higher-than-expected quarterly profit and revenue, driven by demand for its flagship drug Humira, and raised its earnings forecast for the year.
AbbVie Reports Second-Quarter 2016 Financial Results  PR Newswire (press release)
AbbVie Profit Beats Estimates; Sales of Flagship Humira Soar  Bloomberg
Newell Brands (NWL) Stock Up on Q2 Results
Newell Brands (NWL) stock is rising after the company posted a 2016 second quarter earnings and revenue beat. Rachel Aldrich. Follow.
Newell Brands shares hit 18-year high on strong 2Q results  News & Observer
Newell Rubbermaid Inc. (NWL) Announces Earnings Results  BBNS