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WellPoint 2Q tops Wall Street expectations

NEW YORK (AP) — WellPoint’s second-quarter profit fell 8.6 percent as expenses tied to changes in the nation’s health care laws climbed. It still beat Wall Street expectations, and the nation’s second-biggest health insurer raised its profit expectations for the … Continue reading

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Snapchat in financing talks with Alibaba at $10 billion valuation: Bloomberg

(Reuters) – Snapchat, an app that lets users send messages that disappear after a few seconds, is in talks with investors, including Alibaba Group Holding Ltd [IPO-BABA.N], for financing that could value the company at $10 billion, Bloomberg reported. The … Continue reading

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An early rally fades on the US stock market

NEW YORK (AP) — U.S. stocks turned lower in midday trading, erasing an early gain. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. KEEPING SCORE: The Dow Jones industrial average fell 70 points, … Continue reading

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European shares fall, weighed by earnings, Ukraine woes

* FTSEurofirst 300 down 0.5 pct; Portugal’s PSI down 3.3 pct * Cement makers lead declines as forex hits results * U.S. GDP’s strength provides no help; focus shifts to Fed * Traders fear escalation in Russia-Ukraine conflict By Francesco … Continue reading

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TSX steady as geopolitical fears offset Talisman, WestJet gains

By John Tilak TORONTO (Reuters) – Canada’s main stock index ended little changed on Tuesday as concerns about geopolitical tensions helped offset gains in Talisman Energy Inc and WestJet Airlines Ltd after the companies reported quarterly results. Investors digested news … Continue reading

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U.S. trial over S&P ratings could begin in September 2015, take 4 months

By Dana Feldman SANTA ANA CALIFORNIA (Reuters) – A trial on the U.S. government’s $5 billion lawsuit against Standard Poor’s over the company’s ratings of mortgage bonds prior to the 2008 financial crisis could begin in September 2015 and last … Continue reading

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Twitter assuages growth concerns for now as shares soar 35 pct

By Edwin Chan SAN FRANCISCO (Reuters) – Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer’s World Cup, assuaging concerns for now that the online messaging … Continue reading

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Asia stocks rise on earnings, await US growth data

TOKYO (AP) — Asian stocks rose Wednesday ahead of U.S. economic data and as cheery earnings from major Japanese companies such as Honda Motor Co. countered a lower close on Wall Street. KEEPING SCORE: Tokyo’s Nikkei 225 recouped losses at … Continue reading

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European shares steady as sanctions risk mutes earnings optimism

* FTSEurofirst 300 index little changed * GKN (LSE: GKN.L – news) , Next (Other OTC: NXGPF – news) advance after earnings reports * Caution on concerns of more sanctions against Russia By Atul Prakash July 29 (Reuters) – European … Continue reading

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Asian stocks higher as earnings season starts

Asian markets extended their gains Tuesday following a mixed lead from Wall Street as investors await the release of key US data later in the week. While trade was quiet the advances were fuelled by upbeat corporate earnings, with Japan’s … Continue reading

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