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  • *May Day holiday mutes trading volume in Europe, Asia. Federal Reserve reiterated confidence on its economic outlook despite the slim 0.1 percent growth in U.S. gross domestic product in the first three months of 2014. "Internet is the place to be today," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, Texas.

  • U.S. stocks began little changed on Thursday after jobless claims and consumer spending rose more than expected.

  • *Yelp shares rally on results, boosting Internet names. Shares of General Motors were up 1.2 percent at $34.90. Facebook, up 2.3 percent at $61.15, and other Internet shares were among the day's best performers, helped by strong results from Yelp, whose shares gained 9.8 percent to $64.02.

  • US STOCKS-Wall St near flat; Internet names gain Thursday, 1 May 2014 | 2:56 PM ET

    *Textron and Cardinal Health fall after results. Shares of Cardinal Health and Textron, which reported some disappointing quarterly results, also limited gains. Facebook, up 2.2 percent at $61.06, and other Internet shares were among the day's better performers, helped by strong results from Yelp, whose shares gained 9.5 percent to $63.85.

  • *May Day holiday mutes trading volume in Europe, Asia. NEW YORK, May 1- Wall Street stocks edged higher on Thursday, led by a resurgence in Internet shares, while disappointing data on Chinese manufacturing activity knocked oil prices to a three-week low.

  • Yelp stock can grow 40 percent: Gene Munster Thursday, 1 May 2014 | 1:08 PM ET

    Yelp's better-than-expected quarterly earnings results offer a bright future for the stock, Piper Jaffray's Gene Munster says.

  • Midday movers: Ford, Kellogg, Rite Aid & More Thursday, 1 May 2014 | 12:07 PM ET

    Some of Thursday's midday movers:

  • *Yelp shares rally on results, boosting Internet names. *Textron and Cardinal Health fall after results. NEW YORK, May 1- U.S. stocks rose on Tuesday, shrugging off early losses as the Nasdaq advanced alongside Internet names, which were boosted by strong results from Yelp.

  • *Textron and Cardinal Health fall after results. Industrial names were among the weakest, pressured by Textron results, while Cardinal Health hit healthcare names. Cardinal fell 6.2 percent to $65.20 as its revenue missed expectations, while Textron lost 3 percent to $39.67 as earnings fell from the prior year and sales were nearly flat.

  • Analyst happy with Yelp's consistent growth     Thursday, 1 May 2014 | 10:15 AM ET

    Yelp's Q1 earnings beat the Street's estimates, and the stock is up nearly 10 percent today. Mark Mahaney, RBC Capital Markets analyst, discusses Yelp's focus in local Internet search.

  • *Yelp shares up in premarket as revenue jumps. Health insurer Cigna Corp reported first-quarter earnings that beat expectations, while Cardinal Health's revenue was below forecasts, sending shares down 2.2 percent to $68 in premarket trading. *Late Wednesday, Yelp Inc reported a 66 percent rise in quarterly revenue.

  • *Yelp shares up in premarket as revenue jumps. Health insurer Cigna Corp reported first-quarter earnings that beat expectations, while Cardinal Health's revenue was below forecasts, sending shares down 2.2 percent to $68 in premarket trading. *Late Wednesday, Yelp Inc reported a 66 percent rise in quarterly revenue.

  • Early movers: F, CVX, DTV, T, BA, SAM, MA & more Thursday, 1 May 2014 | 8:08 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *Yelp shares up in premarket as revenue jumps. Health insurer Cigna Corp reported first-quarter earnings that beat expectations, following similarly positive results from competitors WellPoint Inc and Aetna Inc. Textron Inc's earnings fell from the prior year while revenue was nearly flat.

  • After-hours buzz: Allergan, MetLife, Yelp & more Wednesday, 30 Apr 2014 | 5:00 PM ET

    Headlines after the bell Wednesday: Allergan, MetLife, Yelp

  • April 30- Yelp Inc, the operator of consumer review website Yelp.com, reported a better-than-expected 66 percent jump in quarterly revenue due to higher revenue from local advertising on mobile devices. Shares of Yelp, which went public in March 2012, rose 5 percent in extended trading.

  • Yelp's revenue jumps as mobile advertising revenue rises Wednesday, 30 Apr 2014 | 4:12 PM ET

    April 30- Yelp Inc, the operator of consumer review website Yelp.com, reported a 66 percent rise in quarterly revenue due to higher revenue from local advertising on mobile devices as more customers use smartphones and tablets for information.

  • Why Twitter is shrugging off active-user decline Wednesday, 30 Apr 2014 | 3:36 PM ET

    Here's why Twitter isn't making a big deal out of its drop in active users, says Buzzfeed's Jon Steinberg.

  • Focus is on Fed, but this may move markets instead Wednesday, 30 Apr 2014 | 9:30 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Wall Street has its eye on the Federal Reserve's meeting, but a slew of data is likely to have more influence on stocks Wednesday.

  • Look beyond Silicon Valley for lasting innovation Tuesday, 29 Apr 2014 | 7:00 AM ET
    Houston, Texas.

    While VC firms may reward entrepreneurs in NYC and San Fran, may believe that longer-term innovations happening elsewhere are key to economic growth.