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  • Facebook stock slides even as 2Q results soar

    NEW YORK (AP) — Facebook's second-quarter revenue barely squeaked past Wall Street's outsized expectations, sending its high-flying stock down in after-hours trading. While the results surpassed forecasts on all fronts, some investors may have been looking for a bigger beat, or simply cashing in on some profits as Facebook's shares have been...

  • Yelp and Twitter are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Yelp Inc., down $8.45 to $25.06 The online business review service reported a second-quarter loss and issued a lackluster outlook. Twitter Inc., down $5.30 to $31.24 The short-messaging service...

  • Fed holds steady on rates, seeks further economic gains

    WASHINGTON (AP) — The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed...

  • Comparing the US Federal Reserve's views on hiring, economy

    A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 16-17: ECONOMY: Now: The Fed is a bit more optimistic about the job market: "The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that...

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Judge rejects claim that bourbon was falsely advertised

    LOUISVILLE, Ky. (AP) — Chalk up another round for Maker's Mark distillery in fending off claims of misleading marketing for promoting its Kentucky bourbon as handmade. A federal judge in California this week dismissed a lawsuit filed by two consumers who claimed they were misled by the bourbon maker's handmade claims on its bottles, known for...

  • Correction: Earns-CEB story

    ARLINGTON, Va. (AP) — In a story July 28 about CEB Inc.'s quarterly earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press erroneously used the company's prior name. The company legally changed its name in May and is now CEB Inc. A corrected version of the story is below: CEB Inc. posts 2Q...

  • Zero-percent financing turns heads, but may not be best deal

    DETROIT (AP) — When a car dealer offers to loan you the money to buy a car at zero interest, it gets your attention. Yet that cheap money might not be the best deal you can get. Dealers can offer zero-percent financing through automakers' finance companies because, unlike banks, they make money on the sale of the car and don't need to rake in...

  • Lockheed reduces layoff projections for Colorado Springs workers

    Lockheed Martin Corp. said Tuesday it sent out just 115 layoff notices to employees in Colorado Springs due to "a change in business projections." The defense giant had initially planned to tell 270 local employees they would lose their jobs in September when a key contract ends and moves to Raytheon Co., unless the Government Accountability...

  • International Paper shares dip on 2Q revenue miss

    MEMPHIS, Tenn. (AP) — Shares of International Paper slumped Wednesday after the global paper and packaging company reported mixed second-quarter results. International Paper's adjusted earnings beat Wall Street expectations, but revenue fell short as revenue in all of its major businesses slipped compared to last year. The Memphis,...

  • Boehner backs push to export US crude oil

    WASHINGTON (AP) — House Speaker John Boehner says he supports a push by U.S. oil companies to ship their crude oil overseas and lift a decades-long ban on exports. The Ohio Republican said the change would be a boon for the economy, creating up to a million jobs and bringing U.S. energy policy into the 21st century. The export ban is a relic...

  • Twitter stock tumbles as user growth stalls

    NEW YORK (AP) — Tepid user growth and ongoing uncertainty about its leadership dragged Twitter's stock to its lowest level in over a year Wednesday, even though the short-messaging service reported sharply quarterly higher revenue. Twitter is "not satisfied" with its user growth, co-founder Jack Dorsey, who replaced Dick Costolo as CEO earlier...

  • MOVERS & SHAKERS

    The Wagner iTeam, a seven-person group headed by Derek and Mariana Wagner, has joined Re/Max Real Estate Group, which includes more than 70 real estate agents and completed more than $147 million in sales during 2014. The team, previously affiliated with Keller Williams Realty, was started in 2001 and has sold more than 500 homes valued at $110...

  • Charges dropped against Chinese woman in trade secrets case

    DES MOINES, Iowa (AP) — A judge has dismissed charges against the wife of a Chinese billionaire who was accused of conspiring to steal trade secrets from U.S. seed companies. The order signed Tuesday instructs the government to return Mo Yun's passport and immediately stop "all court-directed electronic monitoring," meaning she can return to...

  • Northrop Grumman rises on 2Q profit and stronger outlook

    FALLS CHURCH, Va. (AP) — Shares of Northrop Grumman climbed Wednesday after the defense contractor posted a stronger-than-expected profit in the second quarter and raised its outlook for the year. Northrop Grumman Corp. reported lower sales from most of its businesses, but the aerospace unit, its largest, had a small increase in revenue and a...

  • Fed keeps interest rate unchanged, seeks further economic gains before starting hikes

    WASHINGTON (AP) — Fed keeps interest rate unchanged, seeks further economic gains before starting hikes.

  • Correction: Weight Loss-Balloon story

    WASHINGTON (AP) — In a story July 28 about an inflatable medical balloon approved to treat obesity, The Associated Press reported erroneously the amount of weight patients regained after having the device removed. Patients actually regained about one-third of their lost weight. A corrected version of the story is below: FDA approves...

  • Yahoo plays catch-up in messaging with video texting app

    NEW YORK (AP) — Imagine making a video call without other people being able to listen in. Yahoo is trying to make that happen with Livetext, a new app that seeks to make video calling as private as texting. Yahoo says video calls can be better than texts for expressing emotions, but their audio component makes private conversations public....

  • Activists rappel off Oregon bridge to stop Shell icebreaker

    PORTLAND, Ore. (AP) — Environmental activists rappelled off Portland's tallest bridge early Wednesday in an effort to stop a Shell Oil Arctic icebreaker from leaving the city. Thirteen protesters dangled from the St. Johns Bridge while another 13 remained on the bridge as lookouts. Greenpeace USA executive director Annie Leonard said the...

  • Microsoft debuts Windows 10: Why it's being given away free

    SAN FRANCISCO (AP) — Microsoft debuted its new Windows 10 operating system Wednesday, in what the company hopes will be a pivotal moment in its bid regain its sway in a world where the PC is no longer king. The first people to get the new software Wednesday included about 5 million "insiders," or tech enthusiasts who previously enrolled in an...

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