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U.S. markets news

UPDATE 5-Argentina debt talks must continue after default: US Judge
(Updates with Argentina seeking domestic probe into litigation, court order on Euroclear and Clearstream). By Joseph Ax, Nicholas Brown and Sarah Marsh.
Argentina blames US mediator for debt default  BBC News
Argentina Defaults On Its Debt....Again  Forbes
Financial Post   Related articles »  
Berkshire Hathaway 2Q profit jumps 41 percent
OMAHA, Neb. (AP) - Warren Buffett's company on Friday reported a 41 percent jump in its second-quarter profit that was boosted by a paper gain from a stock-swap deal completed earlier this year.
Berkshire Hathaway admits BNSF standards slipped  Financial Times
Berkshire Hathaway's profits soared 41 percent to a record in second quarter  Buffalo News
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Procter & Gamble to Streamline Offerings, Dropping Up to 100 Brands
After years of expansion into areas like pet food and beauty products, Procter & Gamble announced on Friday that it would cut as many as 100 brands from its arsenal to focus on others, like Tide, that made the company a powerhouse over the decades.
Procter & Gamble shaves off a few brands
P&G To Drop 60% Of Brands  Investor's Business Daily
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GoPro Reports Wider Loss in First Report After IPO
GoPro Inc. (GPRO:US), in its first earnings release as a public company, reported a wider quarterly loss, helping to send shares down 15 percent.
GoPro Plunges: What Wall Street's Saying
GoPro Hero 4 rumors: Release date in 2015, market shares fall  Ecumenical News
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More Rejoin Labor Force; Jobless Rate Up to 6.2%
A recent job fair in Philadelphia. The average monthly gain in payrolls across the country has been above 200,000 for the last six months.
Hiring Settles Into Steady Gains -- 2nd Update  NASDAQ
Unemployment rate rises despite 209000 new jobs
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Car companies, fueled by love of SUVs, on the road to best year since 2006
Americans are still in love with SUVs. Sales by U.S. carmakers slowed a bit in July from the previous month, but strong demand for the family- and cargo-friendly sport utility vehicles kept the industry on the road to its best year since 2006.
SUVs power GM; Ford, Chrysler sales jumps  USA TODAY
Incentives lit a fire under July auto sales  CBS News
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Scientific Games Bonds Drop After Agreement to Buy Bally
Scientific Games Corp.'s bonds dropped after the company controlled by billionaire Ronald Perelman agreed to purchase Bally Technologies Inc. for about $3.3 billion.
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Bally ...  MarketWatch
INVESTOR ALERT -- Bally Technologies, Inc.: The Law Offices of Vincent Wong ...  Wall Street Journal
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S&P 500 has worst week since 2012
Stocks fell even further on Friday a day after geopolitical concerns led to a massive sell-off that saw the Dow Jones Industrial Average plummet 317 points and erase all of its gains for the year.
How the Dow Jones Average Fared Friday  ABC News
US STOCKS SNAPSHOT-Wall St ends down; S&P has worst week since 2012  Reuters
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Manufacturing growth at 17-month high in July
NEW DELHI: Manufacturing activity accelerated at its fastest pace in 17 months in July on the back of new orders from overseas and domestic entities, bringing more cheer for the new government which is battling to revive growth and investment, a survey ...
China Manufacturing Data Point to Rebound in Growth  Wall Street Journal
China manufacturing gathers pace, Europe falters, US steady  Reuters India
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Fiat gets green light for global reorganisation
TURIN(ITALY): Fiat shareholders today approved the reorganisation of the Italian carmaker's business that will see its headquarters move to the Netherlands before it launches on Wall Street later this year.
UPDATE 2-Fiat investors approve Chrysler merger  Reuters
With Vote for Chrysler Merger, Fiat Looks Abroad  ABC News
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