Business Today: Dow, S&P close lower, but Apple helps Nasdaq

	Click to View in Browser 07/24/2013 Dow, S&P close lower, but Apple helps Nasdaq NEW YORK (Reuters) - Stocks mostly fell on Wednesday, as losses in utility and commodity shares more than offset gains in the tech sector on Apple's solid earnings. Facebook second-quarter revenue grows 53 percent (Reuters) - Facebook Inc's revenue in the second quarter increased 53 percent, surpassing Wall Street targets, as the Internet company continued to grow its mobile ads business. Visa posts profit of $1.23 billion, authorizes share buyback (Reuters) - Visa Inc reported a net profit in the third quarter, compared with a loss a year earlier, and the world's largest credit and debit card network authorized a new $1.5 billion share buyback. Tourre on stand says email in SEC case 'not accurate' NEW YORK (Reuters) - Fabrice Tourre, the former Goldman Sachs trader accused of secretly helping the hedge fund of billionaire John Paulson construct a $2 billion deal it could bet against, said Wednesday an email he sent to a key participant in the deal was inaccurate. Dell founder ups takeover bid based on voting rule change (Reuters) - Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote, tacking on a controversial demand to change voting rules to make it easier for him to buy and take the No. 3 personal computer maker private. Exclusive: Zulily hires banks for possible IPO - sources SAN FRANCISCO (Reuters) - Zulily hired investment banks in recent weeks to advise the fast-growing e-commerce company on a possible initial public offering, according to two people familiar with the situation. New home sales hit five-year high, prices soar WASHINGTON (Reuters) - New U.S. home sales vaulted to a five-year high in June, showing no signs of slowing in the face of higher mortgage rates. DOJ's decision on criminal charges against SAC Capital nears NEW YORK (Reuters) - Federal prosecutors who have investigated hedge fund titan Steven A. Cohen for years on allegations of insider trading have decided they do not have enough evidence to get him, so they are going after his company instead. Obama seeks second-term jolt with economic speech GALESBURG, Illinois (Reuters) - U.S. President Barack Obama sought to inject momentum into his economic and domestic policy agenda on Wednesday with a speech designed to clarify his vision for his second term and hammer Republicans in the House of Representatives for getting in his way. Bombardier delays first flight of CSeries for third time TORONTO (Reuters) - Bombardier Inc delayed the maiden flight of its CSeries jetliner for a third time on Wednesday, promising the flight "in the coming weeks" instead of July, a move likely to rattle airlines that have stepped up to buy the all-new plane. Related Video Austen is new face of £10 note Newsmaker: Global push powered profits: CFO Economic News Obama seeks second-term jolt with economic speech Factory activity rebounds in July: Markit A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend