Business Today: Yahoo second-quarter net revenue dips, profit beats Street

	Click to View in Browser 07/16/2013 Yahoo second-quarter net revenue dips, profit beats Street SAN FRANCISCO (Reuters) - Yahoo Inc's second-quarter net revenue was down slightly at $1.071 billion, as the Internet company posted adjusted profit that was ahead of Wall Street targets. S&P retreats after eight days of gains as Coca-Cola drags NEW YORK (Reuters) - The S&P 500 snapped its eight-day winning streak on Tuesday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman's congressional testimony. Inflation shows signs of stability after downward drift WASHINGTON (Reuters) - Consumer prices picked up in June and underlying inflation pressures showed signs of stabilizing, keeping on course expectations the Federal Reserve will start reducing its bond purchases later this year. Goldman Sachs profit doubles on investment gains, lower tax rate (Reuters) - Goldman Sachs Group Inc on Tuesday said quarterly profit doubled, boosted by investment gains and a lower tax rate, but investors fretted that these factors will not be repeated in future periods, sending the bank's shares lower. Dell sees buyout vote as too close to call, mulls delay: source (Reuters) - Dell Inc may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote too close to call, a person familiar with the matter said on Tuesday. Bernanke must defend actions in AIG bailout case: Greenberg's Starr (Reuters) - Federal Reserve Chairman Ben Bernanke was the final authority on the "punitive" 2008 bailout of American International Group Inc and should testify about how and why it happened, a company run by the insurer's former chief executive said. Investors wary of rising mortgage rates despite strong builder confidence (Reuters) - An odd thing happened after data released Tuesday showed that the homebuilder confidence index rose to its highest level in almost eight years - housing stocks barely moved on the news. UK Dreamliner fire probe confirms looking at Honeywell part LONDON (Reuters) - British investigators said on Tuesday a transmitter made by U.S. firm Honeywell was one of several components that may have caused a fire on a Boeing Dreamliner in London last week. Fed's George calls for end to bond-buying in first-half 2014 KANSAS CITY, Missouri (Reuters) - The Federal Reserve should begin to reduce its massive bond-buying program and bring it to a close "sometime in the first half of next year," a top Fed official said on Tuesday. U.S. fines bedbug repellents maker for ad claims WASHINGTON (Reuters) - A company that makes a cedar-based product it says repels bed bugs and head lice felt the sting of the U.S. government on Tuesday when it agreed to settle charges that its products have not been proven to work as promised. Related Video 3D human brain map points way to future discovery Breakingviews: Goldman envy Economic News Inflation shows signs of stability after downward drift Fed's George calls for end to bond-buying in first-half 2014 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