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Wednesday, July 24, 2013

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

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07/24/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
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.
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