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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 GDP Grew at a Disappointing 1.2% in 2nd Quarter  Wall Street Journal
US GDP Growth Slow At 1.2% - Consumer Spending Is Obviously Not The Only ...  Forbes
CNBC  
Exxon Has Worst Profit Since '99 as Chevron Posts Surprise Loss
Exxon Mobil Corp. posted the smallest profit since 1999 as Canadian wildfires shut some production and a global glut of oil spread to motor fuels, dragging down refinery margins.
Exxon Mobil Profit Falls to a New Low  Wall Street Journal
ExxonMobil earnings badly miss expectations as profits sink 59%  CNBC
Amazon's ability to turn a profit is no longer a cool trick
Just two years ago, the sole story of Amazon's second quarter would have been the nearly $900 million in profit that it generated.
Amazon Beats 2Q Earnings Estimates Courtesy AWS  Nasdaq
5 Takeaways From Amazon Most Profitable Quarter Yet  Fortune
Notable Mergers and Acquisitions 7/29: (STO)/(PBR) (NEE)
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here. *** Statoil ASA (NYSE: STO) and Petr´┐Żleo Brasileiro S.A.
NextEra agrees to buy Oncor in deal valued at $18.4 billion  Fort Worth Star Telegram
NextEra (NEE) Stock Up on Energy Future Holdings Deal  TheStreet.com
Google's parent company will work with more auto makers on self-driving cars
Alphabet's recent partnership with Fiat Chrysler to build self-driving car technology into a Chrysler mini van will be the first of many such deals, the Google parent company said Thursday.
Alphabet Earnings And Revenues Beat On Solid Execution  Nasdaq
Google Profits Surge on Strong Ad Demand  Wall Street Journal
Facebook could owe $5 billion in taxes
Facebook (FB, Tech30) disclosed on Thursday that it could owe billions due to an IRS investigation into the way it moved assets to an Irish subsidiary to avoid higher taxes.
Facebook Tax Bill Over Ireland Move Could Cost $5 Billion  Bloomberg
Facebook May Owe Billions More in Taxes  Wall Street Journal
U.S. Consumer Sentiment Fell in July on Prospects for Economy
Consumer confidence slid in July from the prior month on dimmer views of the U.S. economy's prospects and lingering concerns among higher-income earners about global market conditions.
US Consumer Sentiment Falls in July  Wall Street Journal
Consumer sentiment slips slightly in July  CNBC
AB InBev's CEO Says His Offer for SABMiller Is Good Enough
“This offer is final.” Anheuser-Busch's AHBIF 2.82% chief executive urged SABMiller SBMRY 2.31% shareholders on Friday to recognize its improved takeover offer as a compelling last chance as it waits for its rival's view on the new $100-billion-plus bid.
Chinese Regulators Approve Anheuser-Busch InBev-SABMiller Merger  New York Times
China Approves AB InBev Deal for SABMiller  Wall Street Journal
Weekly jobless claims increase in week ended July 23
The number of Americans who filed for unemployment benefits last week rose from a three-month low, consistent with the Federal Reserve's view of a stronger job market.
US Jobless Claims Rose, but Still Point to Expanding Labor Market  Wall Street Journal
Metro jobless rate jumps with season  Atlanta Journal Constitution
UPS earnings in line and revenues beat; helped by technology upgrades
United Parcel Service reported quarterly earnings that were in line with analysts' expectations, and revenues that beat estimates on Friday, helped by new technologies that boosted productivity.
UPS Profits Rise on Higher Shipments  Wall Street Journal
UPS 2Q revenue improves on strength in US, abroad  U.S. News & World Report