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U.S. markets news

Despite recalls, GM posts small profit, Ford reports big gain
General Motors earned a profit in the second quarter despite $2.5 billion in charges related to recalls. General Motors earned a profit in the second quarter despite $2.5 billion in charges related to recalls.
UPDATE 2-GM's profit falls on recall costs, victims' compensation fund  Reuters
GM's Profit, Hit by Recalls, Tumbles 80%  Wall Street Journal
Bloomberg   Related articles »  
New-Home Sales Tumbled in June
WASHINGTON�New-home sales fell in June and May's reading was revised significantly lower, signs that the U.S. housing recovery is failing to build momentum heading into the second half of the year.
New home sales fall 8.1% in June  USA TODAY
New Home Sales Post Biggest Drop in Nearly a Year  DailyFinance
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Facebook Soars on Strong Earnings: Tech Winners & Losers
NEW YORK (TheStreet) �� Facebook (FB) shares shot up 7.3% to $76.45 after the company reported strong second-quarter earnings.
UPDATE 1-Facebook shares hit record high as market likes earnings  Reuters
Facebook shares hit record high, market value approaches IBM  The Globe and Mail
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Weekly unemployment claims plunge to post-recession low of 284000
Army veteran John Godman talks to recruiters Nicole Rushton, left, and Megan Hogan at a Hiring Fair For Veterans in Fort Lauderdale, Fla.
Jobless Claims Hit 8-Year Low, but Here's Why You Shouldn't Be Excited
U.S. initial jobless claims fall by 19000 to 284000 last week  NASDAQ
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Barclays Looks to Dismiss Dark Pool Suit
Barclays Plc called for the dismissal on Thursday of a lawsuit from the New York attorney general alleging the bank lied to clients about its high-speed trading venue, calling it unjustified because Barclays' customers were never misled.
Barclays Asks Court to Dismiss New York Lawsuit Over Its 'Dark Pool'  New York Times
Barclays defends itself against US allegations over 'dark pool' trading  The Guardian
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IMF cuts global growth outlook, warns of stagnation risk in rich nations
WASHINGTON, July 24 (Reuters) - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies.
IMF predicts Britain's GDP growth rate will surge to 3.2% by year end  The Guardian
Economic recovery in Canada and the world to be weaker this year than ...  Financial Post
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Stock indexes, euro inch up on euro zone data, US earnings
NEW YORK (Reuters) - Major global stock markets edged higher while the euro rose from an eight-month low against the U.S. dollar on Thursday following upbeat euro zone data and stronger-than-expected U.S.
Euro Economy Shows Unexpected Strength After ECB Action  Businessweek
European stocks erase losses after strong PMIs  MarketWatch
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Walmart US CEO Bill Simon steps down
Wal-Mart said Thursday that its U.S. CEO is stepping down and is being replaced by the head of the company's Asia operations. Simon, who has been in the role since June 2010, was a top candidate to become CEO of the whole company, but lost out to ...
Walmart Seeks Turnaround With New US Leadership  Forbes
Wal-Mart's US Chief Bill Simon to leave  MarketWatch
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UPDATE 3-Caterpillar posts higher 2nd-quarter profit; sales fall
(Adds analysts comments, details, byline, updates shares). By James B. Kelleher. July 24 (Reuters) - Caterpillar Inc reported higher-than-expected second-quarter earnings on Thursday but said sales fell as a continued slump in the global mining industry ...
PMI data gives markets a lift; CAT spoils party
Why Caterpillar (CAT) Stock Is Down Today
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US airlines prepare to resume flights to Tel Aviv
Airlines in the United States are preparing to start flying to Tel Aviv once again, after the Federal Aviation Administration lifted a 36-hour ban on flights to and from Ben Gurion International Airport.
Gaza conflict: US and Europe lift bans on flights to Tel Aviv  Financial Times
Hamas has rockets that can reach Israel airport- State Department  Reuters Africa
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