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U.S. markets news

Fed Sees Labor-Market Slack Even After Unemployment Rate Dropped
The Federal Reserve said the labor market still has plenty of room for improvement, even after a surprising drop in unemployment, bolstering the case for keeping interest rates low.
Fed offers a dual message on health of US economy  Washington Post
Why the Fed could raise rates sooner than you think
NDTV   Related articles »  
US economy grows at scorching 4 percent in 2nd quarter
WASHINGTON -- The much-stronger-than-expected 4 percent rate of annual U.S. economic growth from April through June, reported Wednesday by the Commerce Department, put to rest fears that the U.S.
Economy heats up in Q2 after harsh winter  USA TODAY
US economy back on track with strong second-quarter rebound  Reuters
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Market Basket CEOs to Employees: Return to Work on August 4
Market Basket management has told employees through a statement that it �needs� them to return to work on Monday, August 4, The Boston Globe reports .
Market Basket board faces range of options  Boston Globe
Market Basket to advertise for new workers, schedules job fairs  Boston Herald
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Whole Foods Lowers Sales Forecast as Rivals Gain
Whole Foods Market Inc. (WFM:US), the largest natural-goods grocer in the U.S., lowered its forecast for sales this year amid increased competition from new rivals.
Whole Foods Again Lowers Sales Projections  Wall Street Journal
Whole Foods Beats Wall Street Expectations  Fox Business
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S&P 500 ekes out gains as Fed calms rate-hike fears
NEW YORK (MarketWatch) - U.S. stocks finished a choppy session slightly higher, as the Federal Reserve appeared to soothe fears that it might start raising interest rates sooner than anticipated.
Market Close: S&P, Tech Stocks Head Higher on Fed View  DailyFinance
Wall Street: Stocks Finish Mixed  KMBZ
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US judge slaps $1.3B fine on Bank of America
NEW YORK - A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.
Court orders Bank of America to pay $1.3 billion for bad mortgages  Fortune
Judge Orders Bank of America to Pay $1.27 Billion in 'Hustle' Case  Wall Street Journal
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Snapchat value could hit $10 billion with possible Alibaba investment
Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011. It might now be worth $10 billion. Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011.
Snapchat Said in Funding Talks With Alibaba at $10B  Bloomberg
Snapchat's Facebook Snub Looks Smart as Alibaba Mulls Stake  Businessweek
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Facebook and Twitter Battle for World Cup Bragging Rights
The 2014 FIFA World Cup left few questions about who was the strongest team in the tournament. But nearly two weeks after Germany's win over Argentina in the final match, the battle online between Facebook and Twitter is still undecided.
Twitter's surge revives valuation debate  Chicago Tribune
Not everyone convinced about Twitter's prospects  Toronto Star
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S&P Downgrades Argentina to Selective Default
Argentina's economy minister, Axel Kicillof, speaks to the media after leaving negotiations Tuesday in New York. WSJ's Matthew Cowley explains Argentina's dispute with creditors and the long-standing battle that stems from the country's default in 2001.
Argentina Defaults According to S&P: What Now?  Bloomberg
What Happens Now That Argentina Is in 'Selective Default'  Businessweek
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UCLA's Pauley Pavilion drenched in hoops history
LOS ANGELES - The House That Wooden Built is waterlogged. Pauley Pavilion, UCLA's storied basketball arena where John Wooden coached teams that won eight of his 10 national championships, was drying out Wednesday after its court was deluged ...
UCLA water-main break: Hundreds of cars remain marooned on campus  Los Angeles Times
Valves still leaking after 30-inch water main break floods Sunset Boulevard ...  Whittier Daily News
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