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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.
Strange, recurring Q1 growth mystery gets more attention from Washington  CNBC
US GDP Grew a Disappointing 1.2% in Second Quarter  Wall Street Journal
Los Angeles Times  
SABMiller backs AB InBev offer for biggest-ever consumer takeover
LONDON/BRUSSELS The board of brewer SABMiller (SAB.L) will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev (ABI.
Anheuser-Busch InBev Merger With SABMiller Advances  New York Times
SABMiller deal pits big money against minority investors  Crain's Chicago Business
US Stocks Inch Higher Amid Earnings, GDP Data
U.S. stocks edged mostly higher Friday, putting the S&P 500 on track to end the week near where it began. Major indexes rebounded after falling in morning trading.
S&P hits fresh intraday record, tries for 5-week win streak  CNBC
Tech stocks power Wall St. recovery, S&P hits new high  Reuters
Facebook's Fun With Transfer Pricing - And Joe Stiglitz Doesn't Understand ...
Two interesting stories today about the intricacies of the international corporate taxation system. One concerns Facebook FB -0.32% and the manner in which the IRS is questioning the basis upon which they did a transaction.
Facebook could owe $5 billion in taxes  CNNMoney
Facebook (FB) Could Owe $5 Billion to the IRS  U.S. News & World Report
Exxon Has Worst Profit Since '99 as Chevron Posts Loss
Exxon Mobil Corp. and Chevron Corp. missed profit and production estimates as wildfires, writedowns and weak refining margins battered oil explorers already reeling under a glut-driven price collapse.
Low Crude Prices Hammer Big Oil Companies  Wall Street Journal
Wall St. Is Mixed as Oil Prices Reverse Decline  New York Times
Can hamburgers help turn around Chipotle's bruised reputation?
Chipotle may be known for burritos, but now it's bringing its fresh-but-fast restaurant strategy to an American classic: the hamburger.
Can Chipotle eat Mooyah's lunch with its new burger approach?  Dallas Morning News
Chipotle's Ill-Timed Burger Launch  Barron's
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.
Digital Duopoly: Google Follows Facebook Results With an Amazing Quarter of ...  AdAge.com
Keep me signed in  Investor's Business Daily
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.
NextEra Energy board declares quarterly dividend  PR Newswire (press release)
NextEra Will Go Deeper Into Texas and Buy Oncor for $18B  Greentech Media
UPS Profits Rise on E-Commerce Growth
United Parcel Service Inc. UPS -0.69 % on Friday reported a 3.2% increase in profit fueled in part by e-commerce growth, but the delivery giant cautioned that a weaker industrial environment will continue to be a drag.
UPDATE 4-Rising revenue boosts UPS profit; 2016 forecast confirmed  Reuters
UPS Warns of 'Head Winds' in Global Economy for Second Half  Bloomberg
Seres Therapeutics stock plunges on disappointing drug trial results
Shares of Seres Therapeutics Inc. lost more than two thirds of their value Friday after the six-year-old Cambridge biotech company reported disappointing test data for its lead experimental drug.
Why Seres Therapeutics Inc. Is Being Obliterated Today  Motley Fool
Seres Therapeutics Sinks 74% After Lead Drug Fails in Study  Bloomberg