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Facebook is spending money to make money. And it's working.
Facebook reported high revenue and profits Thursday for its second quarter. Yet while it beat analyst expectations, it didn't exceed them by as much as many investors had hoped.
The awe-inspiring scale of Facebook  Sydney Morning Herald
Facebook's second-quarter earnings slightly beat Wall Street's estimates  San Jose Mercury News
Telegraph.co.uk  
US STOCKS SNAPSHOT-Wall St closes higher after Fed leaves rates unchanged
July 29 U.S. stocks finished higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.
Most Asian Futures Rise on Fed Ambiguity as Oil Extends Rebound  Bloomberg
Morning MoneyBeat Asia: US Stocks Rise as Traders Discount September Hike  Wall Street Journal (blog)
Whole Foods Results Add to Growth Concerns
Whole Foods Market Inc. WFM -0.29 % said sales dropped sharply last month following allegations that it overcharged customers in New York, helping cause the latest in a string of disappointing quarters for the natural foods grocer.
Whole Foods sales hurt by bad publicity from overcharging  Los Angeles Times
Whole Foods Market store sales cool in 3-qtr, shares tumble  Reuters
Jack Lew warns Congress over debt ceiling
Congress has been fighting over the Iran trade deal, a highway bill and Puerto Rico's debt crisis. On Wednesday, Treasury Secretary Jack Lew sent legislative leaders a little reminder about another contentious item: the debt ceiling.
Lew informs Congress he extending debt-limit measures  U.S. News & World Report
Top 10 Complaints From You, The American Consumer
Two of the most expensive decisions consumers make - buying a car and buying a house - took the top spots of the most complained-about transactions in an annual consumer survey released today, but thanks to some recent high-tech data heists and ...
The top 10 complaints reported by consumers in 2014  FOX31 Denver
Top Ten Consumer Complaints  WSAV-TV
Tesla Launches Referral Program to Juice Sales
Tesla Motors Inc. is launching a $2,000 referral program for buyers and owners, attaching a rare direct financial incentive to a Model S sedan lineup that typically carries a waiting list.
Tesla Offers 1st Incentive in Owner Referral Program  ABC News
Tesla Motors offers social-referral incentive for Model S  USA TODAY
Coast Guard Says California Oil Slick Will Vanish on Its Own
The Coast Guard says a 2-mile-wide oil slick that mysteriously materialized off the Southern California coast is expected to dissipate on its own in the days ahead.
Big oil slick off Santa Barbara County coast sparks new concerns  Los Angeles Times
US Coast Guard investigates oil slick off California coast  Daily Mail
Millennials Less Likely to Leave the Nest, a Pew Study Finds
During the recession near the end of the last decade, many young adults facing a dreadful job market moved in with their parents to save money.
'Boomerang' Millennials Get Cozy at Home  Wall Street Journal (blog)
The Economy Keeps Getting Better, But Young Adults Keep Living With Mom and Dad  Slate Magazine (blog)
REFILE-UPDATE 1-Skechers sales and earnings beat estimates, shares jump
(Corrects to "stores" from "stories" in paragraph 5). July 29 (Reuters) - Sports shoe maker and retailer Skechers USA Inc reported a better-than-expected 36 percent rise in quarterly revenue, helped by pent-up demand following the end of labor ...
Skechers Rises After Overseas Sales Help Profit Beat Estimates  Bloomberg
Skechers's shares rise as earnings top estimates  MarketWatch
Life's a breach: Reported attack on United Airlines shows everyone has ...
No longer focused on stealing credit card numbers alone, hackers are flexing seriously dangerous muscle, security experts say. by Laura Hautala · @lhautala; 30 July 2015 12:18 am BST.
Chinese hackers targeted United Airlines  Fortune
Report: United hacked by the same group behind OPM breach  Engadget