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U.S. markets news

Fed nods to firmer prices yet still focused on labor weakness
WASHINGTON (Reuters) - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S.
Fed Tunes Into Yellen Still Playing the Blues on Labor Market  Bloomberg
Fed's lasso won't corral bull market anytime soon  USA TODAY
The Mortgage Reports   Related articles »  
It's not just hedge funds that own Argentine bonds
NEW YORK (MarketWatch) - Hedge funds aren't the only investors with money on the line as Argentina scrambles to avoid a bond default.
Deal for Argentine banks to buy holdouts' debt fell through: sources  Reuters
Argentina heads into default as debt talks end  Washington Post
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Bouncing Back, Economy Grew 4% for Quarter
Industrial output was credited with helping to spur growth in the second quarter. Credit Danny Johnston/Associated Press. Continue reading the main story.
Whoopie GDP: Strong Second-Quarter Growth Is Positive Sign For Economy  Forbes
US economy rebounds with 4% growth  TODAYonline
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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 Said to Have Had Talks With Alibaba on Potential Investment  New York Times
Snapchat could become latest start-up to reach a $10-billion valuation  Los Angeles Times
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Scripps, Journal Communications to Divvy Up Print, Broadcast Assets
E.W. Scripps Co. and Journal Communications Inc. struck a deal to put their newspaper operations into one company and their broadcast assets into another, following in the footsteps of rivals.
Scripps, Journal Communications to Merge, Spin Off Papers  Businessweek
Journal, Scripps deal announced  Milwaukee Journal Sentinel
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Samsung Elec sees tough second half after second-quarter profit slips
SEOUL (Reuters) - Samsung Electronics Co Ltd. on Thursday reported its worst quarterly profit in two years and was downbeat about its second-half prospects, fuelling concerns about its ability to protect its smartphone turf in the face of mounting competition.
Samsung smartphone sales plunge  Financial Times
Samsung warns second half will be tough as it reports weak Q2  CNET
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Kraft Foods revenue rises modestly as price increases dent sales
NEW YORK (Reuters) - Kraft Foods Group Inc (KRFT.O) said on Wednesday that its second-quarter revenue barely rose as price increases it implemented to cover rising commodity costs hurt consumer demand.
Kraft Misses Q2 Estimates on Rising Meat and Diary Costs  The Courier-Journal
Kraft Foods quarterly net income down, revenue barely up  CNBC
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Cargill closing its Milwaukee beef plant on Friday
Cargill Inc. said Wednesday that it will permanently close a Milwaukee beef processing facility employing 600 people because of the tight U.S.
UPDATE 1-Cargill, citing shrinking cattle herd, to shut Wisconsin beef plant  Reuters
Milwaukee beef plant closing due to lack of cattle: UPDATED  WBAY
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Twitter's surge revives valuation debate
(Reuters) - The surge in Twitter Inc's stock has revived debate about whether it warrants a valuation five times that of Facebook Inc , its biggest rival in social media.
Twitter Needs to Monetize You, Even If You're Not on Twitter  Mashable
Can Twitter convert its unknown knowns?  MarketWatch
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Bank of America Raises Its Settlement Offer
Photo. Rebecca Mairone, a former manager at Countrywide, led a mortgage-writing program nicknamed the �hustle.�Credit Joshua Roberts/Bloomberg News, via Getty Images.
Bank of America to pay $1.27B on countrywide fraud  Newsday
BofA ordered to pay $1.3 billion over Countrywide lending program  Los Angeles Times
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