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U.S. markets news

Fed cites better economy; cuts bond buys again
Citing an improving economy and labor market, the Federal Reserve agreed Wednesday to continue to wind down bond purchases intended to hold down long-term interest rates and spur growth.
Fed nods to firmer inflation, still focused on labor weakness  Reuters
The full text of the Federal Reserve's statement after its meeting Wednesday  Fox Business
Bloomberg   Related articles »  
US economy sizzling so far this summer, Commerce reveals
Never mind the expected winter thaw - the U.S. economy was steaming hot in the second quarter. The nation's gross domestic product grew at a better-than-expected 4% annual rate after contracting at a revised 2.1% pace in the first three months of the year, ...
Steady but Slow Remains the Story of This Recovery  New York Times
Consumer Spending Drives 2Q GDP Growth  Fox Business
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Snapchat value could hit $10 billion with possible Alibaba investment
Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011. It might now be worth $10 billion. Chief Executive Evan Spiegel founded Snapchat while he was a student at Stanford in 2011.
Why Alibaba Might Want to Invest in Snapchat  Businessweek
Alibaba in Talks to Invest in Messaging App Snapchat  Wall Street Journal
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US STOCKS-S&P 500 nearly flat as investors digest Fed statement
... * Fed reduces asset purchases, upgrades economy assessment. * GDP shows stronger economic growth than expected in Q2. * Dow down 0.3 pct, S&P down 0.1 pct, Nasdaq up 0.3 pct (Updates to late afternoon).
Stock market live blog: S&P 500, Dow pare losses after Fed statement  MarketWatch (blog)
Stocks Show Mild Pop On Fed Announcement  Investor's Business Daily
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Twitter CEO Gets Called Out for Lackluster Abuse Policies During Live Twitter Q&A
Twitter CEO Dick Costolo gestures during a panel discussion at the Consumer Electronics Show in Las Vegas on January 8, 2014. Robert Galbraith/Reuters.
Twitter CEO: Canada's fast-growing market 'super important to us'  The Globe and Mail
Twitter's Dick Costolo sees India turning into key business market in ...  Livemint
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Dollar index up after Fed announces taper
The dollar rose to its strongest level in six months against a basket of currencies on Wednesday, after the Federal Reserve announced it will cut its asset buying program by another $10 billion.
GLOBAL MARKETS-Dollar, Treasuries yields hold gains after Fed statement  Reuters UK
Dollar hits 10-month highs on strong US GDP data  Reuters India
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Crews clean up, repair flood damage from Los Angeles water main break
LOS ANGELES (Reuters) - Utility crews working around the clock on Wednesday labored to clean up and repair damage from a major water main break that sparked a 20-foot-tall geyser and flooded part of the University of California campus in ...
Pauley Pavilion is mostly dry after flooding  Los Angeles Times
UCLA Wades Through Damages From Pipe Flooding  ABC News
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CME buys GFI software business in global push
CME Group, operator of the world's largest futures exchange, has agreed to acquire GFI Group's energy and foreign exchange software business in a deal worth $655m including debt.
CME To Acquire GFI Group's Fenics, Trayport Businesses - Update  NASDAQ
UPDATE 2-CME to buy GFI Group for energy and FX units  Reuters
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Argentines shrug off risk of default
BUENOS AIRES, Argentina - In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down riot police to demand ...
UPDATE 2-Latest twist in Argentina saga raises hopes of deal  Reuters
Argentina officials stage 11th-hour talks in NYC  seattlepi.com
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McDonald's ruling may be very good news for labor
Fast food workers and activists demonstrate outside the McDonald's corporate campus on May 21, 2014 in Oak Brook, Illinois. A ruling by the legal arm of the National Labor Relations Board against McDonald's has sparked fears that some industries may ...
McDonald's in a fix on Joint Employer Relationship with its Franchisees  Uncover California
McDonald's Liable for Workers Treatment, Says Ruling  Chinatopix
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