| BUSINESS CHANGE NEWS |
Wall Street marks best month in a year in July
(Reuters)
Reuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
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Merck's 2Q net drops on higher costs, charges
(AP)
AP - Drugmaker Merck & Co. on Friday reported a 52 percent drop in second-quarter net income, weighed down by big restructuring charges from buying Schering-Plough Corp., generic competition and other factors.
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| STOCKS NEWS |
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Wall Street marks best month in a year in July
(Reuters)
Reuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
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FTSE ends lower on US growth data
(AFP)
AFP - Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.
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Mutual Fund Buzz for July 30: Investors Still Favor Bond Funds
(U.S. News & World Report)
U.S. News & World Report - Investors still trust the safety of bond funds. June was another good month for fixed income. The Investment Company Institute reported that overall, mutual funds saw net inflows, mostly into bond funds. Bond funds experienced inflows of more than $20 billion--up about $6 billion from May. Meanwhile, stock funds saw more outflows. The WSJ reports that investors haven't consistently put money into stock funds since the market hit its low in March 2009. Low-yielding money market funds also continued to see outflows, which brings their total outflows for the year to more than $500 billion.
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| BONDS NEWS |
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| COMMODITIES NEWS |
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For Solar, A Ray Of Sunshine (Investor s Business Daily)
The solar electrical power industry may be ready for its moment in the sun. It s still true that solar sources generate less than 1% of total U.S. electricity vs. the 70% generated from industrial-age fuels such as coal, petroleum and natural gas.
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