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Category : Business (Archive for 2016-07-28) News by Google
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Reuters
Fed Says Risks Have Diminished as It Leaves Rate Unchanged
Bloomberg
The Federal Reserve left interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter, suggesting conditions are getting more favorable for an increase in borrowing costs. Close all those tabs.

Wall Street Journal
Samsung Reports Most Profitable Quarter in Two Years on Sales of Galaxy Smartphone
Wall Street Journal
SEOUL— Samsung Electronics Co. SSNHZ 0.00 % reported its most profitable quarter in two years on Thursday as strong sales of its flagship Galaxy S7 smartphone helped offset a drop in profit on sales of semiconductors and display panels. Second-quarter ...

TechCrunch
Facebook crushes Q2 earnings, hits 1.71B users and record share price
TechCrunch
Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower at 3.63% compared to last quarter's 3.77%, adding 60 million monthly users this quarter to ...
Verizon Investors Shrug At Q2 Results
Benzinga
Verizon Communications Inc. (NYSE: VZ) delivered better-than-expected adjusted earnings for the second quarter. However, its revenue came in slightly below the Street analysts' estimations. The telecom service provider reported net income of $831 ...

Washington Post
Trump's claim that 'I have nothing to do with Russia'
Washington Post
“I have nothing to with Russia. I have nothing to do with Russia — for anything.” — Donald Trump, news conference, July 27, 2016. In a news conference responding to evidence suggesting Russian agencies hacked the email accounts of the Democratic ...

Fortune
GoPro Says Profitability Is Right Around the Corner
Fortune
After another quarter of steep sales declines. It's been a rough year for GoPro, but the action-camera company promises that its losing streak will turn around during the upcoming holiday season. GoPro CEO Nick Woodman declared Wednesday on a call with ...

Yahoo Finance
What the market is hoping to hear from the Fed today
Yahoo Finance
The Fed could sound slightly more upbeat about the economy after its meeting Wednesday, and that could be enough to reinforce Wall Street's growing view that a rate hike is coming in December. What the market is hoping to hear in the Fed's post-meeting ...

Wall Street Journal
Canada's Suncor Energy Swings to Loss on Production Cuts from Wildfires, Low Oil Prices
Wall Street Journal
CALGARY, Alberta— Suncor Energy Inc., SU -1.05 % Canada's largest crude-oil producer, blamed a second-quarter net loss on lower crude oil prices and production cuts from wildfires in May that forced a shutdown of its oil-sands operations. Global ...

Kansas City Star
UPDATE 3-Whole Foods price cuts dig into results as its fends off rivals
Reuters
(Recasts; adds executive comment, details on food deflation, pricing). By Lisa Baertlein. July 27 Whole Foods Market Inc on Wednesday gave a disappointing profit forecast and posted its fourth straight quarter of same-store sales declines as ...

Globes
Teva Wins U.S. Nod for Actavis After Divestiture of 79 Drugs
Bloomberg
The U.S. Federal Trade Commission approved Teva Pharmaceutical Industries Ltd.'s $40.5 billion purchase of Allergan Plc's generic drug-making unit after the companies agreed to the biggest divestiture ever in a pharmaceutical merger to preserve ...

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