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U.S. markets news

A tale of two conventions
(CNN) By the end of Republican and Democratic conventions it seemed like the nation's most powerful political parties were speaking about two different countries.
The GOP is becoming the party of exclusion. Who wants to be a part of that?  Washington Post
With 100 Days to Go, Candidates Take Fight to Battleground States  New York Times
Los Angeles Times  
S&P 500 Caps Fifth Monthly Gain as Rally Shows Signs of Fatigue
Bulls keep squeezing gains out of the U.S. equity market, sending the S&P 500 Index to its longest streak of monthly gains since 2014 just two weeks after reaching a record.
US stocks end mostly higher; post solid monthly gains  MarketWatch
Tech shares and muted GDP growth push S&P 500 to record  Reuters
U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
US GDP Grew a Disappointing 1.2% in Second Quarter  Wall Street Journal
Spring slump: U.S. economy only grows 1.2%  CNNMoney
SABMiller backs AB InBev offer for biggest-ever consumer takeover
LONDON/BRUSSELS The board of brewer SABMiller (SAB.L) will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev (ABI.
SABMiller Board Recommends AB InBev's New $104 Billion Offer  Bloomberg
China OKs beer merger, SABMiller likes AB INBev's new bid  SFGate
AIG Offers Brexit Coverage in UK for Anxious Executives
American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union.
Early Post-Brexit Considerations for International Business  The National Law Review
Potential Legal Implications Arising from "Brexit"  JD Supra (press release)
Amazon, Facebook race past Buffett's Berkshire
For the first time ever, Facebook (FB, Tech30) and Amazon (AMZN, Tech30) are now each worth more than Buffett's Berkshire Hathaway (BRKB).
Amazon, Facebook now bigger than Berkshire Hathaway  USA TODAY
Amazon becomes fifth-largest company by market value  The Seattle Times
Facebook just showed that it's the undisputed king of mobile
Facebook's mobile business shows no signs of slowing down, as the company posted strong growth in both its monthly active users (MAU) and ad revenue in Q2 2016.
Zuck says augmented reality will flourish on phones before glasses  TechCrunch
Watch out, YouTube—Mark Zuckerberg doubles down on video  CNBC
Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons
The third time isn't the charm. Or the fourth. Or the fifth. Or, apparently, the sixth or seventh. Earlier this month, the U.S.
Facebook could owe $5 billion in taxes  CNNMoney
Facebook could owe $5 billion in back taxes  Washington Post
No clean bill of health for EU banks in stress test
LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.
Stress Tests Find Some Big European Banks Wanting  New York Times
European Bank Stress Tests Offer Some Relief  Wall Street Journal
Big data integrator Talend pops 54% in Nasdaq debut, raising $94.5M
French-American big data startup Talend made its debut as a public company today with a pop. After pricing its shares at $18 last night (above the expected range of $15-$17), the company began trading on Nasdaq under the ticker TLND at $27.66, up 54 ...
Talend Nudges Dormant Tech IPO Market  Wall Street Journal
Talend, Silicon Valley's latest tech IPO, has a strong debut  The Mercury News