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6 minutes ago // Wall Street Journal

business GM to Start Taking Crash Claims

General Motors on Friday starts taking applications from victims of accidents involving defective ignition switches in its small cars, promising the first payouts from the about $400 million fund by November.

10 minutes ago // Reuters

business S&P cuts Argentina's credit rating further as talks drag on

Reuters - Standard & Poor's on Wednesday cut its credit rating on Argentina's foreign-currency sovereign debt to "selective default" even as talks between officials from Latin America's No. 3 economy and a group of holdout creditors continued in New York.

12 minutes ago // ABC

business Whole Foods Shares Fall After Sales Disappoint

Whole Foods sales disappoint, raising worries about rising competition; forecast lowered

15 minutes ago // Los Angeles Times

business Caviar launches food delivery service in L.A. amid food start-ups boom

A food delivery service named Caviar launched in Los Angeles on Wednesday, part of a crop of start-ups that are innovating the dining experience.

15 minutes ago // ABC

business US Judge Slaps $1.3B Fine on Bank of America

US judge fines Bank of America $1.3 billion for its role in selling risky mortgages

16 minutes ago // ABC

business Fed Offers a Dual Message on Health of US Economy

Fed slows bond buying further but provides no clear signal on timing of first rate hike

17 minutes ago // Wall Street Journal

business S&P Downgrades Argentina to Selective Default

Standard & Poor's downgraded Argentina to selective default, a widely expected move that comes as the country's 11th-hour negotiations with creditors continue.

17 minutes ago // Boston Herald

business Fed offers a dual message on health of US economy

WASHINGTON The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar.A statement the Fed issued after a two-day policy meeting suggested it wants to see further improvement before it starts raising its key short-term interest rate. It offered no clearer hint of when it will raise that rate.

19 minutes ago // The Telegraph

business Argentina has defaulted on debt, rules S&P

Credit ratings agency places country in "selective default" after it misses bond payment deadline

24 minutes ago // UPI

business Airbus retrofits Royal New Zealand Air Force helicopters

Richard TomkinsMARIGNANE, France, July 30 UPI -- Airbus Helicopters have completed the retrofit of four earlier model NH90 TTH aircraft flown by New Zealand's air force.

29 minutes ago // Reuters

business Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

NEW YORK Reuters - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

31 minutes ago // Reuters

business GLOBAL MARKETS-Dollar, Treasuries yields gain after Fed statement

U.S. Fed nods to firmer inflation, still focused on labor weakness

31 minutes ago // Reuters

business Chrysler recalls Fiat 500L on knee air bag issue

DETROIT Reuters - Chrysler Group LLC will recall about 29,500 Fiat 500L compact cars because knee air bags may not work properly if a driver is not wearing a seat belt, the company said on Wednesday.

31 minutes ago // Reuters

business Akamai revenue rises 26 pct

July 30 Reuters - Akamai Technologies Inc, which helps companies deliver internet content, reported a 26 percent rise in quarterly revenue, helped by increased demand for its media and security products.

34 minutes ago // ABC

business Stocks Flatten out After Fed Delivers No Surprises

Stock market ends flat after Federal Reserve delivers no surprises with latest stimulus cut

34 minutes ago // Boston Herald

business Stocks flatten out after Fed delivers no surprises

NEW YORK A cheerful report on the U.S. economy, rising profits and no surprises from the Federal Reserve left the stock market nearly where it started on Wednesday.The news was nearly all good. The government said that the economy grew at a robust 4 percent annual rate this spring. Later in the day, the Federal Reserve did exactly what investors expected. It scaled back its support for the economy, while pledging to keep short term interest rates low "for a considerable time" afte

35 minutes ago // USA Today

business Airlines challenge higher TSA fees in federal court

Airlines contend that TSA fees shouldn't apply to flights that begin overseas  

36 minutes ago // Reuters

business UPDATE 2-Bank of America ordered to pay $1.27 bln for 'Hustle' fraud

NEW YORK, July 30 Reuters - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

37 minutes ago // Reuters

business Twitter's surge revives valuation debate

Reuters - The surge in Twitter Inc's stock has revived debate about whether it warrants a valuation five times that of Facebook Inc , its biggest rival in social media.

37 minutes ago // Reuters

business COLUMN-Fed to widen Main St/Wall St gap: James Saft

James Saft is a Reuters columnist. The opinions expressed are his own

38 minutes ago // Reuters

business S&P 500, Nasdaq end up as Fed in no rush to raise rates

NEW YORK Reuters - The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.

43 minutes ago // Boston Herald

business Market Basket to advertise for new workers

Market Basket will start advertising for new employees tomorrow in the wake of a worker protest that has crippled the 71-store grocery chain, the companys new CEOs said in a statement today.New co-CEOs Felicia Thornton and James Gooch reiterated their calls, first made last week, for current employees to return to work instead of picketing outside of stores and warehouses in support of the reinstatement of fired CEO Arthur T. Demoulas.The co-CEOs full statement is below:

43 minutes ago // Reuters

business Halcn posts quarterly loss on $106 mln in derivative charges

July 30 Reuters - Halcn Resources Corp, which produces oil in North Dakota and Texas, posted a quarterly loss on Wednesday due to a $106 million loss on oil and natural gas derivatives.

43 minutes ago // Boston Herald

business Market Basket to advertise for new workers, schedules job fairs

Market Basket will start advertising for new employees tomorrow in the wake of a worker protest that has crippled the 71-store grocery chain, the companys new CEOs said in a statement today.New co-CEOs Felicia Thornton and James Gooch reiterated their calls, first made last week, for current employees to return to work instead of picketing outside of stores and warehouses in support of the reinstatement of fired CEO Arthur T. Demoulas.The co-CEOs full statement is below:

44 minutes ago // Reuters

business U.S. FDA panel reviews Baxter immune therapy's long-term safety

Washington, July 30 Reuters - Advisors to the U.S. Food and Drug Administration will meet on Thursday to discuss the relative risks and benefits of Baxter International Inc's experimental treatment for certain hereditary disorders of the immune system.

44 minutes ago // UPI

business Google adds Hangouts to its business apps

Ananth BaligaMOUNTAIN VIEW, Calif., July 30 UPI -- Google announced Wednesday they will add Hangouts to its suite of business apps, where users will require only Google Apps login and not a Google+ account.

45 minutes ago // Reuters

business Kraft Foods quarterly net income falls, revenue up slightly

NEW YORK, July 30 Reuters - Kraft Foods Group Inc said on Wednesday that its second quarter net income fell to $482 million, or 80 cents per share, from $829 million, or $1.38 per share, a year ago, when the company benefited from a significant gain tied to its post-employment benefit plans.

46 minutes ago // The Telegraph

business Bank bonus clawbacks could damage City, industry warns

Bank of England's proposals could impose direct costs of more than 260m on the country's banks

50 minutes ago // Reuters

business NQ Mobile says gets buyout offer from Bison Capital

July 30 Reuters - Chinese mobile security software maker NQ Mobile Inc said it received a buyout offer from investment firm Bison Capital Holding Co for about $490 million.

51 minutes ago // Reuters

business Allstate profit rises about 50 pct

July 30 Reuters - Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.

51 minutes ago // Reuters

business Chrysler recalls Fiat 500L on knee air bag issue

DETROIT, July 30 Reuters - Chrysler Group LLC will recall about 29,500 Fiat 500L compact cars because knee air bags may not work properly if a driver is not wearing a seat belt, the company said on Wednesday.

54 minutes ago // USA Today

business Bank of America fined $1.3B for bad mortgages

BofA is still paying for wrongdoing by Countrywide, the mortgage giant it bought in 2008.  

55 minutes ago // Reuters

business MetLife profit almost triples on derivative gains

July 30 Reuters - MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains.

58 minutes ago // Reuters

business Yelp turns profitable as small businesses drive growth

July 30 Reuters - Yelp Inc, the operator of consumer review website Yelp.com, reported its first profit as a public company as more small businesses advertised on its website and mobile app.

58 minutes ago // MSNBC

business Stocks Mixed as Economy Surges, Fed Eases Off

Stocks finished mixed after a report the economy bounced back faster than expected and the Federal Reserve stuck with its ultra-easy monetary policy.

58 minutes ago // Wall Street Journal

business Fed Boosts View of Economy

The Federal Reserve said it would scale back its bond purchases to $25 billion monthly and delivered a modestly more upbeat assessment of inflation, jobs and the economy, hours after a stronger-than-expected U.S. growth report.