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U.S. markets news

Argentina defaults as last-minute talks fail
Argentina defaulted on its sovereign debt for the second time in 13 years on Wednesday, after frantic last-minute talks between the country's government and holdout creditors failed to strike a deal.
Argentina braces for market reaction to second default in 12 years  Reuters
Argentina's Default Clock Runs Out as Debt Talks Collapse  Bloomberg
The Guardian   Related articles »  
Fed nods to firmer inflation, still focused on labor weakness
WASHINGTON (Reuters) - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.
Fed Tunes Into Yellen Still Playing Labor-Market Blues  Bloomberg
Economy rebounds from dismal winter as growth rate surges 4% in second quarter  Washington Post
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As US economy accelerates, Fed remains cautious
WASHINGTON (AP) - After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.
Don't see Fed raising interest rate in near-term: JP Morgan  Moneycontrol.com
A more vigorous US economy appears to be emerging  Houston Chronicle
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Alibaba Deepening U.S. Startup Foray With Investment Team
Alibaba Holding Group Ltd. (BABA) is deepening its foray into the U.S. through the firepower of its Silicon Valley investment team.
Snapchat reportedly now worth $10 billion  Pulse 2.0
Alibaba talks could price Snapchat at $10bn  Financial Times
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Scripps, Journal to merge broadcast operations, spin-off newspapers
July 30 (Reuters) - Journal Communications Inc. and E.W. Scripps agreed to merge broadcast operations and spin off their newspaper businesses into a new publicly traded entity, the media companies said late on Wednesday.
EW Scripps and Journal Communications to Merge, Then Spin Off Newspapers  New York Times
Journal Communications, Scripps Co. announce deal  USA TODAY
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Market Close Report: NASDAQ Composite index closes at 4462.90 up 20.20 ...
Wednesday's session closes with the NASDAQ Composite Index at 4,462.90. The total shares traded for the NASDAQ was over 1.83 billion.
US STOCKS-S&P 500 turns higher after Fed statement  Reuters
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Stronger financial results gave Twitter's stock a surge with its second quarter ...
Stronger than expected financial results has pushed Twitter's stock sharply higher after the short messaging service said its revenue more than doubled in the second quarter.
Twitter: Covestor's Randall and Sizemore see a pricey stock  Fox Business
Twitter Q2 results soar, stock flies high  Nashua Telegraph
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Bank Of American Given $1.27 Billion Fine For Selling Risky Mortgages
A Bank of America Merrill Lynch sign is seen on a building that houses its offices in Singapore May 17, 2012. (Photo : Reuters). A federal judge imposed a $1.27 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae ...
Bank of America assessed $1.3 billion for bad mortgages  WDAM-TV
Bank of America ordered to pay damages of $1.27 billion for Countrywide fraud  Washington Post
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Sony surprises � with a profit
Sony, the Japanese conglomerate latterly better known for its propensity to issue profit warnings than covetable gadgets, surprised the market by swinging into the black for the second quarter.
Sony Posts Surprise Profit on PlayStation, Movies  Bloomberg
Sony warns smartphone weakness will brake profit progress after Q1 surge  Reuters India
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Bullish dollar retains bulk of gains on US growth
The dollar held below a 10-month peak against a basket of major currencies on Thursday after soaring on upbeat U.S. growth data, with mixed views from the Federal Reserve tempering the rally.
FOREX-Dovish Fed takes edge off dollar rally  Reuters
Dollar Rallies, But What Was the Source of Strength?  DailyFX
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