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U.S. markets news

S&P 500 at new record on Apple earnings
The S&P 500 has closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks. The S&P 500 added 3.48 points (0.18 per cent) at 1,987.01, breaching a record set three weeks ago by about three points.
Apple pushes S&P 500 to record close; Boeing hits Dow  Reuters
S&P 500 sets record high as Apple rallies  Xinhua
SFGate   Related articles »  
Meat supplier in China food scandal grew with McDonald's
(Reuters) - Eight months ago in front of a crowd of food industry executives gathered at a fancy Chicago hotel, a top McDonald's Corp executive lauded the boss of meat supplier OSI Group for his dedication to the fast-food giant's "McFamily".
Food Safety in China Still Faces Big Hurdles  New York Times
Shanghai regulator visits 581 firms, restaurants in food safety probe  Chicago Tribune
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American Apparel to appoint new directors, including first woman
Standard General has proposed a new slate of directors for American Apparel's board. Above, a man walks past an American Apparel store in New York City.
American Apparel appoints RadioShack CEO to board  Chicago Tribune
American Apparel Names New Board in Step to Resolve Leadership Crisis  Wall Street Journal
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China Manufacturing Gauge Rises to 18-Month High on Stimulus
A Chinese manufacturing gauge rose to an 18-month high in July, bolstering the government's chances of meeting its 2014 economic-growth target of about 7.5 percent.
Asia stocks cheer upbeat China PMI; earnings in focus  CNBC.com
China factory index at 18-month high in July  Washington Post
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Facebook Answers Critics With Mobile-Ad Surge
Facebook Inc. reported Wednesday that profit more than doubled and revenue topped estimates for the ninth straight quarter due to strong mobile ad revenue.
Facebook's Profit Propelled by Mobile  New York Times
Facebook profits surge on mobile ads  BBC News
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Civilians as Human Shields? Gaza War Intensifies Debate
Palestinian children arrived on Wednesday at a shelter in Khan Yunis after fleeing fighting in their Gaza neighborhood. Credit Sergey Ponomarev for The New York Times.
Gaza Hospital Attack Caught Civilians in Crossfire  Wall Street Journal
Gaza: Hamas seeks to emerge stronger  BBC News
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Wheeler Signals Pause in World-Leading RBNZ Rate Tightening
New Zealand's central bank signaled a pause in the developed world's first round of interest-rate increases this year as the nation's soaring currency curbs inflation.
NZ central bank raises rates for fourth-straight time  Sydney Morning Herald
NZ Reserve Bank's Wheeler keeps rolling out the rate rises  ABC Online
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UPDATE 2-South Korea offers $11 bln in stimulus spending as growth dips
... * Q2 GDP +0.6 pct q/q (+0.7 pct forecast, +0.9 pct in Q1). * Private consumption in worst fall in nearly 3 years. * Government, c.bank unveil multi-billion-dollar stimulus.
S. Korea Unveils $11 Billion Growth Plan as Economy Weakens  Businessweek
South Korea's economic growth slows  MarketWatch
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S&P faces fraud charges over mortgage ratings
Standard & Poor's may face securities fraud charges for ratings given to six commercial mortgage-backed securities issued in 2011, the credit rating company said.
McGraw Hill receives Wells notice over S&P securities ratings  Fortune
SEC Sends McGraw Hill Wells Notice Tied to CMBS Ratings  Bloomberg
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Qualcomm Commits Up To $150 Million to Strategic Venture Fund in China
SAN DIEGO, July 23, 2014 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ:QCOM) today announced that it has made a commitment to invest up to $150 million in Chinese startup companies across all stages.
Qualcomm's Profit Hurt by Dispute Over China Royalties  Businessweek
UPDATE 3-Qualcomm struggles to collect royalties in China, stock falls  Reuters
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