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U.S. markets news

Fed expected to push ahead with rate hike plan
WASHINGTON The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.
Faster pace of Fed hikes could spook market  USA TODAY
Fed Is Likely to Delay 1st Rate Hike in 9 Years a Bit Longer  ABC News
Bloomberg  
Barclays must cut bureaucracy, exit some countries, new boss says
LONDON, July 29 Barclays needs to cut back in countries where it lacks scale or strength and must cut bureaucracy to deliver on plans to turn the British bank around, its new chairman said on Wednesday.
Barclays Scraps Dividend Target Despite Rise in Profit  Wall Street Journal
Barclays's McFarlane Steps Up Pace of Revamp as Profit Rises  Bloomberg
Upbeat earnings lift European stocks ahead of Fed
LONDON European equities advanced on Wednesday, spurred by strong corporate earnings and gains in U.S. and Asian markets on hopes that Beijing could stem the rout in its markets without damage to the world's second biggest economy.
European Stocks Build on Gains  Wall Street Journal
Global Stocks Rise Ahead of Fed, Keep Wary Eye on China  New York Times
Twitter-Did Dorsey Delight Or Dismay?
Last night Twitter reported numbers that came in ahead of Street expectations on some fronts and not so on others. The company reported that in the quarter average monthly users were at 304 million, up only 2 million sequentially.
After Killing Twitter Stock Gain, Dorsey Wins Praise  Bloomberg
Twitter's mealy-mouthed strategy is hard to follow  Reuters Blogs (blog)
Amazon wants special air zones for drones
SAN FRANCISCO: Online retail colossus Amazon wants to carve out a special zone of the sky to shuttle commercial drones that would deliver goods to its customers.
Amazon sees drone zones for future delivery fleet  Salt Lake Tribune
Amazon Wants Airspace Reserved For Delivery Drones, Reports Say  CBS Local
Solvay moves to combine with Cytec in $6.4bn deal
Solvay, the Belgian chemicals group, is to buy US rival Cytec in a $6.4bn deal that will create the second-biggest company in the market for the composite materials used in aeroplanes.
Solvay to Buy Cytec Industries for $5.5 Billion  Nasdaq
Belgium's Solvay to buy US chemicals firm Cytec  Business Insider
Alibaba makes $1 billion cloud bet to overtake Amazon
China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion in the next three years into its Aliyun cloud computing arm to challenge Amazon.
Alibaba Group to Invest Additional US$1 billion to Drive Aliyun Global Growth  Digital Journal
Yelp Posts Surprise Loss as Revenue Growth Slows
Yelp, the consumer review website, reported a surprise loss and forecast revenue for the current quarter that fell far below market expectations, sending its shares plummeting in after-hours trading on Tuesday.
Active Stocks News Review:: WPX Energy, Inc. (NYSE:WPX), Yelp Inc. (NYSE ...  wsnewspublishers
UPDATE 2-Yelp reports surprise loss, revenue forecast disappoints  Reuters
LG Electronics 2Q operating profit skids 60 pct; TV, smartphone sales weak
SEOUL, July 29 South Korea technology firm LG Electronics Inc said on Wednesday its April-June operating profit slid 60 percent from a year earlier, well below estimates, hit by weak sales of televisions and smartphones.
LG Electronics Q2 Profit Slumps on Weak TV and Smartphone Sales  NDTV
Weak mobiles, TVs sales pull down Q2 earnings  Times of India
Homes' prices up again in May
A sign advertises a home under construction in Roswell, Ga., in June. Home sales have risen recently as an improving economy is helping more people afford a house.
Dallas-area home prices grow at almost twice the national average  Dallas Morning News
US home price growth stalls in May: S&P/Case-Shiller  Reuters