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U.S. markets news

Facebook revenue jumps 61% on mobile ad strength
SAN FRANCISCO -- Fueled by strong demand for mobile advertising, Facebook is officially on fire. The giant social network scorched analyst estimates on Wednesday for the ninth straight quarter.
Facebook's Profit Soars Past Expectations, Fueled by Mobile Ads  New York Times
UPDATE 2-Facebook beats Wall Street targets, stock hits record high  Reuters
Business Insider   Related articles »  
China Detains Five in Food-Safety Investigation
A worker stands near a shut down machine at Husi Food Co. in Shanghai, China, earlier this week. Associated Press/Xinhua. BEIJINGļæ½China detained employees of a U.S.
Aurora meat supplier admits fault in China food safety scandal  Chicago Tribune
Yum China cuts ties to owner of plant in meat scandal after arrests  Reuters India
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UPDATE 2-US moves to enhance safety of oil-by-rail shipments
(Adds detail throughout). By Edward McAllister and Joshua Schneyer. NEW YORK, July 23 (Reuters) - The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move ...
Stopping Deadly Oil Train Fires: New Rules Planned  ABC News
White House Tightens Oil Train Safety Regulations  TIME
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S&P 500 closes at record high
The S&P 500 closed at a record high Wednesday as stocks were mostly higher on positive earnings reports. With about 30% of the companies in the Standard & Poor's 500 index reporting, 68% have topped estimates.
US STOCKS SNAPSHOT-Apple's results lift S&P 500 to record close  Reuters
Stocks Mixed, S&P Closes at Record High on Apple, Pepsi Earnings  NBCNews.com
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IMF Sees US Growth at Weakest Since Recession
U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
IMF cuts US 2014 growth forecast to 1.7 percent  Reuters
IMF says US growth will be a "disappointing" 1.7%  BBC News
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Retail sales forecast lowered for 2014 after slow first half
The National Retail Federation lowered its retail sales growth forecast for 2014. Above, a shopper at a Gap store in Pittsburgh in May.
Cold winter lowers retail sales forecast for the year  Newsday
Trade group cuts retail sales forecast for 2014  USA TODAY
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Six indicted in alleged hack of StubHub customers' credit cards
Manhattan Dist. Atty. Cyrus R. Vance Jr. announces the indictments of members of an alleged international cyber-crime ring that targeted StubHub customers.
Six indicted in StubHub cybercrime case  Fox News
Seven arrests made in $1.6 million StubHub cyberfraud case  Reuters
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Cruz Suggests Flight Ban Is Boycott of Israel
Republican Sen. Ted Cruz on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S.
FAA extends flight ban to Israel for 24 hours  USA TODAY
Israel criticises airlines as US flight ban extended  Financial Times
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UPDATE 3-SEC's long path to money market fund reform ends in compromise
(Adds details, reactions to the SEC's rule). By Sarah N. Lynch. WASHINGTON, July 23 (Reuters) - U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to ...
SEC Approves Rules on Money Market Funds  New York Times
SEC Reforms Money Market Funds, Unveils Floating NAV  Investor's Business Daily
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Coke gives Pepsi a breather in activist fight
Growth in snacks helped salvage the second quarter for her. Weak North American soda shipments, though, dragged more heavily on her competitor.
PepsiCo 2Q profit drops but tops estimates  Wall Street Journal
What You Need to Know About PepsiCo's Earnings Release  Motley Fool
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