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Friday, July 25, 2014

Daily Investor Briefing: Facebook says SEC's IPO probe ends,...

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07/25/2014
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
Facebook says SEC's IPO probe ends, extending WhatsApp closing date
(Reuters) - Facebook Inc said the U.S. Securities and Exchange Commission dropped its probe into the social networking company over events surrounding its controversial initial public offering.
U.S. business spending data gives mixed signals on growth
WASHINGTON (Reuters) - A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014.
Wall St. closes lower on Amazon, Visa; S&P's weekly gain erased
NEW YORK (Reuters) - U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
In China meat scandal, McDonald's Japan switches to Thai chicken, no nuggets in Hong Kong
HONG KONG (Reuters) - McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the center of a food safety scare in China.
Citigroup unit to pay $5 million to settle SEC charges
(Reuters) - A private trading venue owned by Citigroup will pay a $5 million penalty to settle charges that it failed to protect customers' data, marking the latest case in a crackdown by U.S. regulators over alleged market rule violations.
Dell, BlackBerry downplay threat from Apple-IBM alliance
TORONTO (Reuters) - IBM Corp's recent move to partner with Apple Inc to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
Argentina fails to reach breakthrough in debt mediator talks
NEW YORK/BUENOS AIRES (Reuters) - Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.
Exclusive: Exxon eyes expanding Texas refinery into biggest in U.S. - sources
HOUSTON (Reuters) - Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
Russia takes aim at McDonald's burgers as U.S. ties worsen
MOSCOW (Reuters) - McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.
Lower printer sales hurt Xerox's revenue
(Reuters) - Xerox Corp reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business.
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