  | | | Sour Apple hurts S&P, Nasdaq, but Dow rises | | NEW YORK (Reuters) - The S&P 500 fell for a fourth day and the Nasdaq dropped on Wednesday after a rare earnings stumble from Apple, while strong results from Boeing and Caterpillar lifted the Dow. | | |  | | | New home sales tumble, but upward trend intact | | WASHINGTON (Reuters) - New home sales recorded their biggest drop in more than a year in June and prices resumed their downward trend, dealing a setback for the budding housing market recovery. | | | |  | | | Google, eBay, Amazon, Facebook back new lobbying group | | WASHINGTON (Reuters) - Google Inc, Amazon.com Inc, eBay Inc, Facebook Inc and other big Internet companies are starting a trade association to handle political and regulatory issues in Washington, a person close to the group said on Wednesday. | | | |  | | | Apple says Samsung patent royalty demands unfair | | SAN FRANCISCO (Reuters) - Apple Inc said Samsung Electronics Co Ltd is demanding from the iPhone maker a far higher patent royalty than it pays to other licensers, at a rate the South Korean company has never sought from any other licensee. | | | |  | | | Visa posts third-quarter net loss | | (Reuters) - Visa Inc , the world's largest credit and debit-card network, posted a third-quarter net loss as it set money aside to cover litigation costs, and the company authorized a new $1 billion share repurchase program. | | | |  | | | Big oil on the back foot in changing energy world | | Oil prices fall and the industry turns cannibal: big energy companies hunt out bargains among overstretched producers and promising explorers. It's the season for takeovers and asset deals again. | | | |  | | | U.S. growth offsets Europe's woes for some industrials | | BOSTON (Reuters) - Some U.S. manufacturers shook off weak European demand in the latest quarter, with makers of products ranging from bulldozers to cars finding solid demand at home was enough to offset weakness abroad. | | | | | Aeromexico places $11 billion order with Boeing | | MEXICO CITY (Reuters) - Mexico's largest airline Aeromexico on Wednesday placed an $11 billion provisional order with Boeing , in what the company said was the biggest aircraft investment by a Mexican airline in that country's history. | | | | | Former UBS chief doubts criminal intent over Libor | | ZURICH (Reuters) - The former head of Swiss bank UBS doubts whether traders at global banks acted with criminal intent to manipulate benchmark interest rates and accuses regulators of ignoring warning signs, he told Reuters in an interview. | | | |  |  | | | 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 | |
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