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Business

Wall Street ends higher after Fed leaves investors unruffled

Reuters - ‎25 minutes ago‎
U.S. stocks finished stronger on Wednesday after the U.S. Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.
Stocks climb, Dow ends up 121 after Fed news
China's Thumb on Fed Rate-Rise Scale

Facebook shares fall despite Street-beating quarter

USA TODAY - ‎20 minutes ago‎
SAN FRANCISCO - Facebook shares fell 2% in after-hours trading on growing concerns over rising expenses despite a Street-beating quarter that showed continued growth from the giant social network.

Options Strategies To Play Twitter's Massive Downside

Forbes - ‎28 minutes ago‎
It's nice to see MarketWatch, in its coverage of Twitter's Twitter's earnings report Tuesday night, finally figured out the dilution issue at Twitter, as I had mentioned in my column of July 15.

Weak home purchase contracts hint at pause in sales activity

Reuters - ‎4 hours ago‎
WASHINGTON Contracts to buy previously owned U.S. houses unexpectedly fell in June after five straight months of increase, suggesting some cooling in home resales activity after recent hefty gains.

Text of Federal Reserve monetary policy statement

Economic Times - ‎1 hour ago‎
WASHINGTON: The US Federal Reserve's policy-setting Federal Open Market Committee issued a statement Wednesday after a two-day meeting announcing it had kept unchanged its benchmark near-zero interest rate.

Tesla Offering $1000 Referral Discount

Wall Street Journal - ‎18 minutes ago‎
Tesla Motors Inc. TSLA -0.38 % is launching a referral program to juice sales of its Model S sedan ahead of the launch of the delayed Model X SUV.

Facebook now has 1.49B monthly active users, up 13% from last year

VentureBeat - ‎51 minutes ago‎
Facebook released its Q2 FY2015 earnings report today and the social networking company announced that it now has 1.49 billion monthly active users (MAUs), an increase of 3.47 percent from last quarter and 13 percent increase from a year ago.

Coast Guard investigates oil sheen off Calif. coast

USA TODAY - ‎15 minutes ago‎
The Coast Guard investigated a reported oil sheen Wednesday seen floating off the coast of Santa Barbara, Calif., near the site of a May oil spill.

Whole Foods Results Add to Growth Concerns

Wall Street Journal - ‎19 minutes ago‎
Whole Foods Market Inc. WFM -0.31 % reported disappointing results for the third quarter, increasing concerns about slowing growth at the natural-foods grocer.

Crude Oil Rises on Unexpected Declines in Supplies, Production

Wall Street Journal - ‎27 minutes ago‎
NEW YORK—Oil prices rose Wednesday on unexpected declines in U.S. crude-oil supplies and production. Prices have slumped this month on renewed fears that the global glut of crude oil could last longer than investors initially expected.

Report: United hacked by the same group behind OPM breach

Engadget - ‎1 hour ago‎
United Airlines detected a breach in its computer systems in May or early June, potentially putting the movements of millions of Americans in the hands of a China-backed hacker group, Bloomberg reports.

US stocks gyrate after Fed leaves rates unchanged

MarketWatch - ‎1 hour ago‎
U.S. stocks shot higher immediately after the Fed released a statement leaving interest rates unchanged, but pared those gains within 10 minutes of trade.

AMC Entertainment Profit Misses Expectations

Wall Street Journal - ‎14 minutes ago‎
AMC Entertainment Holdings Inc. AMC 1.67 % 's profit missed expectations in the second quarter, despite a 13% jump in revenue as visitors spent a record amount on food and drinks.

Here's today's depressing chart about the state of journalism

Washington Post - ‎2 hours ago‎
Journalism, as you may have picked up of late, is not exactly a growth industry. This chart, built by our own Philip Bump using data from ASNE's 2015 newsroom census, shows that reality rather starkly.
Newsroom Headcounts Fall Again
News »

Vertex Revenue Rises 20%

Wall Street Journal - ‎18 minutes ago‎
Vertex Pharmaceuticals Inc. VRTX -2.09 % said its second-quarter revenue rose 20% on strong sales of Kalydeco that led the biotechnology company to raise its 2015 sales guidance for the cystic-fibrosis drug.

Boeing's largest union calls McNerney job threat "unacceptable"

Reuters - ‎7 minutes ago‎
NEW YORK, July 29 The president of Boeing Co's largest union called "unacceptable" a threat by Boeing Chairman Jim McNerney to move jobs due to the uncertain future of the U.S.

Depomed rejects Horizon Pharma's latest bid

Reuters - ‎33 minutes ago‎
Depomed Inc (DEPO.O) rejected Horizon Pharma Plc's (HZNP.O) latest unsolicited bid, saying the offer is "inadequate" and undervalues the company.

UPDATE 2-S&P rates Detroit 'B,' assigns 'A' rating to income tax bonds

Reuters - ‎1 hour ago‎
(Adds sale date for bonds, mayor's comments, previous D rating, reduction in size of issue). July 29 (Reuters) - Detroit won an investment-grade rating of A from Standard & Poor's on Wednesday for an upcoming sale of bonds backed by income tax revenue, ...

Buffalo Wild Wings (NASDAQ:BWLD) Had Its Target Price Increases by Researchers ...

OctaFinance.com - ‎17 minutes ago‎
In analysts note made public by Credit Suisse on 29 July, Buffalo Wild Wings (NASDAQ:BWLD) had its PT upgraded to $170.00. The firm now has “Underperform” rating on the stock.

Nissan profit leaps on strong US sales, weak yen; China resilient

Financial Express - ‎3 hours ago‎
Japan's Nissan Motor Co said its first-quarter operating profit soared 58 percent, beating forecasts, lifted by strong vehicle sales in the long-buoyant U.S.
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