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U.S. markets news

Argentina's Default Clock Runs Out as Debt Talks Collapse
Pedestrians walk in the financial district of Buenos Aires. Argentina missed a deadline yesterday to pay $539 million in interest after two full days of negotiations in New York failed to produce an accord with creditors from its last default in 2001.
Argentina slides into default as debt talks fail  The Seattle Times
Argentina defaults for second time  BBC News
Daily Beast   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
Fed keeps short-term interest low  Boston Herald
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TAKE A LOOK-Asia GDP: Taiwan growth quickens, heightens rate hike risk
Taiwan's economy grew at its fastest annual pace in 1-1/2 years in the second quarter, increasing pressure on the central bank to hike interest rates before the end of the year to curb rising inflation.
As US economy accelerates, Fed remains cautious  CapitalGazette.com
Economy rebounds from dismal winter as growth rate surges 4% in second quarter  Washington Post
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Snapchat in talks with Alibaba after snubbing Facebook
Take that, Facebook Inc. A year after rebuffing a $3 billion takeover proposal from Mark Zuckerberg, Snapchat Inc. is in talks to raise money from Alibaba Group Holding Ltd.
Snapchat could become latest start-up to reach a $10-billion valuation  Los Angeles Times
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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Narrow, Mixed Close to Volatile Session
The stock market indices had a volatile session with the FOMC statement today. They opened with a big gap to the upside, then came down in a 5-wave decline to test support that had broken on the S&P 500, but the FOMC came out and they exploded to the ...
US STOCKS-Wall St up on GDP data; Twitter has biggest jump ever  Reuters India
Stocks Fluctuate In Early Trading As Fed Announcement Looms - U.S. ...  NASDAQ
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Pipeline Protest Reaches State House; Governor 'Skeptical' of Company's ...
The debate over a proposed natual gas pipeline across northern Massachusetts reached Beacon Hill Wednesday, as several hundred people converged on the Boston Common to object to the plan.
Boston Protesters Rally Against Gas Pipeline  Boston.com
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Asian Shares Rise
Asian stocks were higher on Thursday, with Japan gaining as the yen weakened after upbeat U.S. economic data. The Nikkei Stock Average added 0.7% as the market was supported by a softer local currency.
Dollar Holds Longest Yen Gains Since 2005 After US GDP  Businessweek
Dollar shines, US yields surge on upbeat US data  Reuters India
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Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud
Bank of America was hit with almost $1.3 billion in civil penalties Wednesday for a housing meltdown scam run by a subsidiary that a jury found intentionally sold bad mortgages to Freddie Mac and Fannie Mae.
Judge orders Bank of America to pay $1.27 billion for Countrywide mortgages  Columbus CEO
Bank of America Raises Its Settlement Offer  New York Times
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Twitter eases investors' concerns as revenue doubles
A Twitter logo made from Californian vehicle licence plates is shown at the company's headquarters in San Francisco, California.
Twitter's surge revives valuation debate  Chicago Tribune
Twitter CEO Gets Called Out for Lackluster Abuse Policies During Live ...  Newsweek
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