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U.S. markets news

Cigarette giant Reynolds American in talks to acquire rival Lorillard
Cigarette giant Reynolds American, maker of Camel, is in talks to acquire tobacco firm Lorillard. Cigarette giant Reynolds American, maker of Camel, is in talks to acquire tobacco firm Lorillard.
UPDATE 4-US cigarette maker Reynolds in talks to buy rival Lorillard  Reuters
U.K. Stocks Gain as Imperial Tobacco Rises on Deal Talks  Bloomberg
New York Times   Related articles »  
Portugal's PM tries to soothe investors; BES says can cover any losses
LISBON (Reuters) - Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.
Global stocks struggle after tough week  Financial Times
Banco Espirito Santo makes rocky return to markets  Telegraph.co.uk
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Wells Fargo Profit Edges up 3 Percent in Quarter
A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent. The country's largest mortgage lender said Friday that net income rose to $5.42 billion for the three months ending in June, up from $5.27 billion a year earlier.
Wells Fargo Earnings Show Why You Should Consider This Bank's Stock  TheStreet.com
Wells Fargo profits rise as US economy improves  BBC News
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Amazon Surges As It Pleads With FAA To Test Drones
Shares of America's largest online retailer surged over 4.5% on Friday morning as the company fought for the right to test its new drone delivery program, among a handful of other initiatives taken this week.
Amazon asks FAA for permission to fly drones  Washington Post
Amazon Wants To Test Its Drone  ValueWalk
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US Stocks Inch Lower
U.S. stock benchmarks were mostly lower on Friday, putting them on track for their biggest weekly loss since April. The Dow Jones Industrial Average shed 34 points, or 0.2%, to 16881.
Wall St. flat, but Internet names support Nasdaq  Reuters
US Stocks Fluctuate Bank Earnings, Portugal Debt  Businessweek
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In honor of 7/11: How Japan slurped up 7-Eleven
It's July 11. Time for a free Slurpee at 7-Eleven. Yes, the giveaway is real. The company will give away 500,000 gallons of Slurpee today - and other free stuff throughout the week.
How to Get a Free 7-11 Slurpee on 7/11  TIME
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Economists lower forecasts for US growth
WASHINGTON (AP) - U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.
Economists downgrade forecasts for US growth, remain optimistic about rebound  MassLive.com
No Recession Expected by Economists  24/7 Wall St.
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Cynk Tech shares halted on concern over possible manipulation
(Reuters) - Trading in shares of Cynk Technology Corp (CYNK.PK) was suspended Friday in the loosely regulated over-the-counter market, amid concerns about possible market manipulation after a 24,000-percent surge in the stock price in the last month.
SEC Suspends Trading in Cynk Technology  Wall Street Journal
Shares of tiny Facebook rival wannabe halted  USA TODAY
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Rising bond yields point to rate rises
Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
Interest Rates Going Up  Wall Street Sector Selector
Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%  Wall Street Journal (blog)
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Budget 2014: How Tax Changes Affect Debt Fund Investors
In the Budget unveiled on Thursday, Finance Minister Arun Jaitley proposed to increase the long-term capital gain tax on debt mutual funds from 10 per cent to 20 per cent.
You don't want surprises from your money fund  USA TODAY
SEC to Vote on Money-Fund Reforms July 23  Wall Street Journal (blog)
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