Daily Investor Briefing: Wall Street ends down; Twitter...

	Click to View in Browser 07/29/2014 Wall Street ends down; Twitter rallies after-hours NEW YORK (Reuters) - Stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks. Twitter's user growth beats targets, shares skyrocket SAN FRANCISCO (Reuters) - Twitter Inc's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its shares soaring almost 30 percent after hours. IMF warns of potential risks to global growth WASHINGTON (Reuters) - Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday. U.S. home prices down in May, but consumer confidence strong NEW YORK (Reuters) - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market. Sprint, T-Mobile merger not expected before September: sources WASHINGTON/NEW YORK (Reuters) - The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter. Argentina holds last-minute debt talks with mediator NEW YORK/BUENOS AIRES (Reuters) - Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default. Institutions shift to exchange-traded funds as futures grow costly NEW YORK (Reuters) - Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns. Pfizer leaves investors guessing on intentions for Astra (Reuters) - Pfizer Inc , which in May abandoned its $118 billion bid for AstraZeneca Plc , on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals. JPMorgan to cut tech support jobs as revenue dips: Bloomberg (Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Exclusive: Goldman unit eyes foray into China amid metals financing scandal NEW YORK/SYDNEY/LONDON (Reuters) - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share. Related Video Sanctions v earnings: market tug of war Gherkin: at £650m, highly desirable? Related News Institutions shift to exchange-traded funds as futures grow costly Couples fight for control in Battle of the Thermostat 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