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U.S. markets news

GM's Profit, Hit by Recalls, Tumbles 80%
GM's earnings declined 80%, as results were hit by $1.5 billion in charges related to vehicle recalls and money set aside to fund a compensation plan.
General Motors Issues Six New Recalls Affecting 823000 Buick, Cadillac ...  Washington Post
Profits Plunge at General Motors  wgowam
Bloomberg   Related articles »  
S&P 500 edges further into record territory
Stocks were slightly higher at midday Thursday as the S&P 500 continued to edge further into record territory. The rise came as investors were digesting a barrage of earnings reports released before the markets opened.
Results, jobs data buoy Wall Street, S&P eyes 2000  Economic Times
US stocks rise at midday on stronger earnings  Madison.com
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US Jobless Claims Drop to Lowest Level Since 2006
WASHINGTON�New applications for unemployment benefits plunged last week, reaching an 8�-year low and offering the latest signs of strength in the labor market.
Weekly unemployment claims plunge to post-recession low of 284000  Los Angeles Times
US Jobless Claims Fall To 8-Year Low  International Business Times
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Why Caterpillar (CAT) Stock Is Down Today
NEW YORK (TheStreet) -- Shares of Caterpillar Inc. (CAT) are lower by -3.58% to $104.50 after the company posted higher second quarter profit, but lower sales as the global mining industry continues to slump, offsetting a rebound in the North American ...
Earnings: United Airlines American Airlines pays dividend, Southwest tops ...  Newsday
Caterpillar Sees No Sign of Upturn in Mining Industry  Bloomberg
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Wal-Mart US CEO Bill Simon steps down
As it grapples with sluggish store sales, Wal-Mart said today that its U.S. CEO is stepping down and is being replaced by the head of the company's Asia operations.
Wal-Mart replaces US business head with Asia chief  Reuters
Walmart's US chief executive to step down  Financial Times
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Air Canada resumes flights to Tel Aviv that were cancelled after rocket strikes
TORONTO - Air Canada is resuming flights to Tel Aviv after a two-day halt prompted by security concerns over rocket attacks near Israel's main airport.
United 1st US airline to resume flights to Israel  SFGate
Gaza conflict: US and Europe lift bans on flights to Tel Aviv  Financial Times
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New home sales fall 8.1% in June
New sales of single-family homes fell 8.1% in June, losing some momentum after two months of increases. Revised figures for March, April and May also show the industry's spring performance was weaker than previously estimated, the Census Bureau ...
US new home sales post biggest drop in almost a year  Reuters
New-home sales plummet in June  Washington Observer Reporter
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Ford Finds Profit in Europe as Workers Waive $63 Million
Ford Motor Co. (F:US), which hasn't posted a profit in Europe in three years, hit pay dirt in the second quarter as workers waived $63 million in bonuses.
Ford Nets $1.3 Billion After Russia Write-off; Solid Results In A ...  Forbes
Ford 2Q net profit up 6 percent to $1.3 billion  Madison.com
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Affordable Health Care decisions explained
On July 21, two United States appeals courts issued conflicting rulings on the availability of subsidies that help many Americans afford health coverage under the Affordable Care Act.
Insurers owe $2600 in refunds in South Dakota  seattlepi.com
Letter: Political Theater  Suburban News
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UPDATE 2-Facebook shares hit record high as market likes earnings
(Adds Breakingviews link; updates shares). By Supantha Mukherjee. July 24 (Reuters) - Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No.
2Q EARNINGS: Facebook Video Ads Are a Hot Topic  AllFacebook
Facebook Beats on Q2 Earnings; Mobile Ad Growth Impressive  Zacks.com
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