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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 growth lackluster as firms run down inventories  Reuters
GDP Report's Silver Lining Muddied by Weak Business Spending  Wall Street Journal (blog)
CNBC  
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.
It's Happening: AB InBev Clears All Major Hurdles To SABMiller Takeover  Forbes
Anheuser-Busch InBev Merger With SABMiller Advances  New York Times
Tech shares and flaccid GDP growth push S&P 500 to record
Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.
Dow struggles as S&P 500 touches record high  MarketWatch
Dow Slips Amid Earnings, GDP Data  Wall Street Journal
What Facebook And Apple Can Teach You About Transfer Pricing
Two interesting stories today about the intricacies of the international corporate taxation system. One concerns Facebook FB -0.08% and the manner in which the IRS is questioning the basis upon which they did a transaction.
Facebook May Owe $5 Billion in Federal Taxes  Fortune
Facebook could owe $5 billion in taxes  CNNMoney
UPDATE 1-US oil drillers add the most rigs in a month in over 2 years -Baker ...
(Recasts to add monthly data to headline, paragraphs 1, 4). July 29 U.S. drillers this week added oil rigs for a fifth consecutive week as part of the biggest monthly rig count increase in over two years, Baker Hughes Inc said on Friday.
US Rig Count Up 1 This Week to 463  New York Times
Baker Hughes' US Rig Count Sees Fifth Straight Weekly Gain  TheStreet.com
Digital Duopoly: Google Follows Facebook Results With an Amazing Quarter of ...
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Data Sheet—Friday, July 29, 2016  Fortune
Wall Street finally let Google out of the doghouse  Business Insider
N.J.'s 20 best wings, for National Chicken Wing Day
Wings, wings, wings, I can't get enough of them. One of my three desert island foods, along with ribs and donuts. I had wings for dinner the other night, and not to celebrate National Chicken Wing Day, which is today.
Here's where to get free wings on National Chicken Wing Day  CNBC
We tested Buffalo Wild Wings against its biggest competitor — here's...  Business Insider
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.
Oil rout erodes second-quarter profits for US majors Exxon, Chevron  Reuters
Exxon's Tank Still Fuller Than Peers  Wall Street Journal
Next Step in TXU Bankruptcy Is Up to the Courts and Regulators
The long, sad saga of TXU may finally be heading toward a conclusion. The power producer NextEra Energy is buying the bankrupt company's 80 percent stake in the power transmission group Oncor Electric Delivery, valued at $18.4 billion.
A massive, failed deal that keeps paying out money to Wall Street  CNBC
NextEra to buy bankrupt Energy Future Holdings' Oncor stake  Reuters
Talend's Big First Day Bump In Trading Puts A Dent In The Tech IPO 'Drought'
When Mike Tuchen joined Talend in 2013, the startup felt “really lonely,” he says. A cloud integrator that had moved to Silicon Valley, the company's French roots and early investors meant it didn't garner the same buzz as others with big-name backers; ...
Big data tech company Talend sees its stock soar over 50% for its IPO  Business Insider
Talend makes Wall Street debut, raising $94.5 million  ZDNet