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U.S. markets news

UPDATE-Argentina 2033 bond stable after talks to avoid default collapse
LONDON, July 31 (IFR) - The price of the restructured bond on which Argentina missed an interest payment, leading the country into a technical default, was stable in early London trading.
Argentina Teeters on Default as Talks Collapse  Wall Street Journal
Argentina defaults as last-minute talks fail  Financial Times
The Independent   Related articles »  
Fed talks up economy but gives no hint of earlier rate hike
WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday said the economy is getting better and that risks of deflation are disappearing, but it did not signal any intent to hike rates sooner than next summer.
US Fed trims stimulus, notes economy strengthening  Sydney Morning Herald
Fed Tunes Into Yellen Still Playing Labor-Market Blues  Bloomberg
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China's Alibaba may invest in Snapchat: US media
Alibaba, which is preparing for its initial public offering on NYSE in September, has in recent months made a series of disparate investments.
China's Alibaba to Potentially Invest in Snapchat: Reports  NDTV
Alibaba Deepening U.S. Startup Foray With Investment Team  Bloomberg
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US economy grew at a strong 4% rate in spring
In this June 27, 2014 file photo, President Barack Obama gestures while speaking about the economy in Minneapolis, Minnesota. After a dismal winter, the United States (US) economy sprang back to life in the April-June quarter, growing at a fast four per cent ...
As US economy accelerates, Fed remains cautious  CapitalGazette.com
Bouncing Back, Economy Grew 4% for Quarter  New York 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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RPT-UPDATE 2-Adidas cuts targets due to Russia, golf business
... * To cut Russia store opening plan for 2014, 2015. * Plans to restructure golf business, cut inventory. * 2014 sales, earnings forecasts cut.
Adidas Plunges After Reducing Forecast on Russia, Golf  Bloomberg
Adidas warns on profit, on Russia and golf risks  MarketWatch
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Samsung Dominance Threatened as Xiaomi Gains Traction
Samsung Electronics Co. (005930) posted second-quarter profit that missed analysts' estimates on increased marketing for its cheaper smartphones as it tries to fend off competition from Apple Inc. and Chinese producers.
Smartphones weigh on Sony, Samsung  Fortune
Samsung to launch new smartphones as profit falls  MarketWatch
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Twitter's user growth may hang on World Cup kick
SAN FRANCISCO (MarketWatch) - Twitter Inc surpassed Wall Street's expectations for its second quarter, but the company's user growth is still an issue clouding the stock.
Stronger financial results gave Twitter's stock a surge with its second ...  Belfast Telegraph
Twitter: Covestor's Randall and Sizemore see a pricey stock  Fox Business
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Bank Of American Given $1.27 Billion Fine For Selling Risky Mortgages
A Bank of America Merrill Lynch sign is seen on a building that houses its offices in Singapore May 17, 2012. (Photo : Reuters). A federal judge imposed a $1.27 billion civil penalty against Bank of America for its role in selling risky mortgages to Fannie Mae ...
Bank of America assessed $1.3 billion for bad mortgages  WTOC
Bank of America Hit With $1.3 Billion Penalty for Mortgage Fraud  NBCNews.com
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Shell profit jumps on higher prices, liquid petroleum output
LONDON - Royal Dutch Shell PLC said on Thursday that its second-quarter earnings more than doubled from a year earlier, as the Anglo-Dutch oil and gas group benefited from increased production of liquid petroleum and higher prices for certain products.
Shell surge shelters FTSE from wider loss  Financial Times
UPDATE 2-Shell Q2 earnings rise 33 pct, beat forecasts  Reuters
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