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U.S. markets news

Fed likely to upgrade outlook, stay mum on rates
Despite encouraging rebounds in both job growth and markets in recent weeks, the Federal Reserve is expected to maintain its poker face this week, offering few, if any, clues as to whether it will raise interest rates in September, economists say.
Fed trying to beat 'very, very low' credibility  CNBC
Fed Doves Won't Be Able to Rule the Roost Forever  Bloomberg
Wall Street Journal (blog)  
McDonalds shares down as earnings miss, US customer traffic still weak
McDonald's shares fell more than 3 percent Tuesday as the company's latest results showed that its U.S. turnaround is still a ways off.
McDonald's Reports Second Quarter 2016 Results  PR Newswire (press release)
McDonald's Shares Tumble on Weaker-Than-Expected Growth  TheStreet.com
AB InBev Sweetens SABMiller Offer to Address Sterling's Plunge
Anheuser-Busch InBev NV raised its cash bid for British brewer SABMiller Plc by 2.3 percent to account for the pound's plunge, while maintaining a deal structure that gives the target's two biggest shareholders a sweeter deal.
AB InBev Ups Offer for SABMiller After Brexit Pound Slump  New York Times
AB InBev Raises Offer for SABMiller  Wall Street Journal
Caterpillar drives past estimates, brings in stronger earnings than expected
The company posted quarterly earnings of $1.09 versus analysts' estimates of 96 cents per share. It posted revenue of $10.3 billion versus estimates of $10.1 billion.
BRIEF-Caterpillar posts Q2 earnings of $0.93/share  Reuters
Caterpillar Slashes Guidance, Announces More Job Cuts  Wall Street Journal
Under Armour's Profit Tumbles As Sports Authority Bankruptcy Take Toll
Under Armour UA +1.73% delivered quarterly results on Tuesday that were perfectly in line with expectations, but said earnings tumbled as the bankruptcy of a major retailer weighed on its bottom line.
Under Armour Revenue Growth Continues  Wall Street Journal
Under Armour Signals It's Looking for a Much Bigger Audience  TheStreet.com
CMO Today: Key Questions Hang Over Verizon-Yahoo Deal
YAHOO YHOO -2.69 % QUESTIONS: Now that everyone has had a moment to digest that one-time digital media titan Yahoo is about to join AOL as a part of Verizon Communications, VZ -0.41 % folks in the advertising industry have some tough questions, ...
Verizon beats earnings estimates but misses on revenue  CNBC
Worker strike means mixed earnings for Verizon  USA TODAY
US Home-Price Increases Maintained Strong Pace in May
Home prices continued rising quickly in May, further proof that the housing market had its strongest spring since the recession. The S&P/Case-Shiller Home Price Index, covering the entire nation, rose 5% in the 12 months ended in May, identical to the ...
City-by-city look at US house prices in May  MarketWatch
US home prices rise at steady pace as sales heat up  Washington Post
Eli Lilly Revenue Helped by Sales of New Drugs
Eli Lilly & Co. reported Tuesday that revenue rose more than expected in the most recent quarter, as sales of new drugs padded increases in established products.
Lilly Reports Second-Quarter 2016 Results, Provides Financial Expectations ...  PR Newswire (press release)
Lilly (LLY) Beats on Q2 Earnings amp; Revenue, Maintains View  Zacks.com
No choppers yet: yen jumps before Bank of Japan meeting
LONDON A buoyant yen and a fall in oil prices to their lowest since early May put stock markets on the defensive on Tuesday, as investors position for central bank meetings in the United States and Japan.
Yen Surges Amid Pessimism on Japan's Economy  Wall Street Journal
U.S. Index Futures Little Changed as Fed Starts Policy Meeting  Bloomberg
Newport sales continue to bolster Reynolds' quarterly profit
Reynolds American Inc. ended its first 12-month reporting period a clear profit winner from its acquisition of Newport, the top-selling U.S.
Reynolds American (RAI) Stock Lower on Q2 Miss  TheStreet.com
Reynolds Misses Profit Estimates, Hurt by Acquisition Expenses  Bloomberg