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U.S. markets news

Food Safety in China Still Faces Big Hurdles
A production line at the Husi Food factory in Shanghai, which was discovered earlier this week to be using expired or rotten meat.
Yum cuts ties to owner of China meat plant after scandal  Reuters
Meat Supplier in China Scandal Has Global Reach  ABC News
The Seattle Times   Related articles »  
American Apparel Adds First Female Director in Shake-Up
A file photo shows Dov Charney, founder of American Apparel Inc., standing for a portrait in a company retail store in New York, on July 29, 2010.
American Apparel Names New Board in Step to Resolve Leadership Crisis  Wall Street Journal
American Apparel Said to Be Adding First Woman to Board  Bloomberg
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Facebook's Profit Propelled by Mobile
Facebook said it had on average more than 650 million daily active users on mobile devices in June. Credit Luong Thai Linh/European Pressphoto Agency.
Facebook Answers Critics With Mobile-Ad Surge  Wall Street Journal
Facebook beats Wall Street targets, stock hits record high  Reuters
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S&P 500 at new record on Apple earnings
The S&P 500 has closed at a new record high after strong Apple earnings lifted the tech sector on a mixed day for stocks. The S&P 500 added 3.48 points (0.18 per cent) at 1,987.01, breaching a record set three weeks ago by about three points.
Apple pushes S&P 500 to record close; Boeing hits Dow  Reuters
Morning MoneyBeat Asia: S&P 500 Attains Another High in Mixed Session  Wall Street Journal (blog)
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Wheeler Signals Pause in World-Leading RBNZ Rate Tightening
New Zealand's central bank signaled a pause in the developed world's first round of interest-rate increases this year as the nation's soaring currency curbs inflation.
Forex - NZ dollar weaker after central bank signals pause in tightening  NASDAQ
NZ central bank raises rates for fourth-straight time  Sydney Morning Herald
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With a single rocket, Hamas rattles its enemy
The suspension of nearly all foreign flights to Israel came after a rocket landed near Ben Gurion Airport, possibly giving Hamas leverage in any negotiated end to the conflict.
FAA caution on Israel flights reflects concern after Ukraine incident  Los Angeles Times
Tourism to Israel takes a hit  USA TODAY
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S&P faces fraud charges over mortgage ratings
Standard & Poor's may face securities fraud charges for ratings given to six commercial mortgage-backed securities issued in 2011, the credit rating company said.
McGraw Hill receives Wells notice over S&P securities ratings  Fortune
SEC Sends McGraw Hill Wells Notice Tied to CMBS Ratings  Businessweek
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Ex-Jefferies trader sentenced to 2 years in prison in fraud case
NEW HAVEN, Conn., July 23 (Reuters) - A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established in response to the 2008 financial crisis was sentenced on ...
Ex-Jefferies Executive Litvak Gets Two Years for Fraud  Businessweek
Ex-Jefferies trader gets two years in prison in fraud case  Chicago Tribune
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Following train crashes, US mulls replacing older tank cars carrying crude oil
Responding to a series of fiery train crashes, the federal government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable liquids through towns and cities.
Proposed oil train safety rules include lower speeds, improved braking  Los Angeles Times
Government proposes to retire older railroad tank cars that transport oil  Kansas City Star
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Qualcomm's Profit Hurt by Dispute Over China Royalties
Qualcomm Inc. (QCOM:US) shares fell in late trading after the chipmaker said it's struggling to collect license revenue from handset makers in China, the world's largest mobile-phone market, threatening profit growth.
UPDATE 3-Qualcomm struggles to collect royalties in China, stock falls  Reuters
Qualcomm latest US tech company to reverse in China  Financial Times
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