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  • NEW YORK, July 28- The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc.. The rapid ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than...

  • NEW YORK— A year after comparing New York's LaGuardia Airport to "some Third World Country," Vice President Joe Biden helped unveil an ambitious plan Monday to rebuild its collection of aging terminals into a modern, unified hub while easing congestion by doubling the space available for planes to operate. "I wish everything I said that was truthful but...

  • NEW YORK— Small businesses will soon be able to get loans approved again by the federal government. The House has passed and sent to President Barack Obama a bill raising the lending authority for the Small Business Administration's biggest loan program, known as the 7 program. The bill, approved earlier by the Senate, raises the lending limit to $23.5 billion.

  • NEW YORK— Motorola is refreshing its Android smartphones with better cameras and other improvements as it seeks to lure customers who want lower-cost alternatives to leading smartphones from Apple and Samsung. "We're about delivering great mobile user experiences at a price that doesn't break the bank," Motorola President Rick Osterloh said in an interview.

  • HOME DELIVERY: UPS rose $4.37, or 4.5 percent, to $99.52. UPS earned $1.23 billion, or $1.35 per share, for the three months ended June 30. A year earlier it earned $454 million, or 49 cents per share.

  • It's not New York, but Ota, a town north of Tokyo with an economy powered by Japanese automaker Subaru. It's here that Subaru's parent company, Fuji Heavy Industries Ltd, got its start building engines and the Hayate fighter plane for the Imperial Army in the 1940 s. A recent influx of foreigners has transformed the Subaru hub, making it a rare example of...

  • The top executive at the maker of Subaru automobiles joked that he would have to wear a helmet on an upcoming trip to the United States. Subaru's U.S. sales have almost doubled in the past four years. Subaru's " Love Promise," in which it pledges to make "a positive impact in the world," has helped build loyal consumers in states like California, New York and Washington.

  • NEW YORK— SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies. Shares of SuperValu Inc. jumped nearly 16 percent Tuesday. SuperValu Inc. has been getting smaller in recent years, selling its Albertson's, Jewel-Osco and other chains.

  • SAN FRANCISCO, July 28- Amazon.com Inc launched a new platform on Tuesday that will help startups advertise and distribute their products directly to millions of Amazon customers, filling an important gap for entrepreneurs trying to reach a wider market of consumers. "As the pace of innovation continues to increase within the startup community, we want to help...

  • LONDON, July 28- Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices. New York- based Cerberus Capital Management has bought more than 27 billion euros of European loans in the last 2-1/ 2 years, acting along with rivals...

  • BUFFALO, N.Y. _ Computer Task Group Inc. on Tuesday reported second-quarter earnings of $554,000. For the current quarter ending in September, Computer Task Group said it expects revenue in the range of $94 million to $96 million. Computer Task Group shares have dropped 30 percent since the beginning of the year.

  • NEW YORK _ Dice Holdings Inc. on Tuesday reported second-quarter earnings of $5.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Dice Holdings expects full-year earnings to be 40 cents to 43 cents per share, with revenue in the range of $263 million to $271 million.

  • LONG ISLAND CITY, N.Y.— JetBlue Airways Corp. on Tuesday reported second-quarter profit of $152 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 44 cents per share. JetBlue shares have climbed 41 percent since the beginning of the year.

  • Pfizer beat Wall Street expectations for the second quarter and raised its 2015 forecast, as sales of several products helped inoculate the world's second-largest drugmaker against revenue hits from a stronger U.S. dollar and cheaper generic competition. Pfizer drew on 37 percent revenue growth from Prevnar 13, the world's top-selling vaccine, to help...

  • NEW YORK _ Marsh& McLennan Cos. on Tuesday reported second-quarter net income of $419 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 80 cents per share. Marsh& McLennan shares have increased 1.5 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • NEW YORK— Sirius XM Holdings Inc. reported strong subscriber growth and second-quarter profit on Tuesday and raised its outlook for the year, prompting it to boost its full-year outlook. The satellite radio company reported $102.8 million in profit, or 2 cents per share. The average estimate of eight analysts surveyed by Zacks Investment Research was also for...

  • CORNING, N.Y.— Corning Inc. on Tuesday reported second-quarter profit of $496 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Eight analysts surveyed by Zacks expected $2.56 billion.

  • NEW YORK— CIT Group's second-quarter profit slipped as net finance margins fell and the bank incurred higher costs. The commercial lender earned $115.3 million, or 66 cents per share, for the period ended June 30. The average estimate of eight analysts surveyed by Zacks Investment Research was for slightly higher earnings of 68 cents per share.

  • MANILA/ LONDON, July 28- Demand for gold slid to its lowest in six years in the second quarter of this year as buyers from top consumer China poured funds into its now troubled equities market, an industry report showed on Tuesday. Retail investment from China fell by a quarter and jewellery demand by 23 percent in the April to June period as stock markets there...

  • LONDON, July 28- Gold edged higher on Tuesday but remained near 5-1/ 2- year lows as markets braced for this week's two-day Federal Reserve meeting, at which policymakers are tipped to give further clues on the timing of a U.S. rate increase. Gold hit a low of $1,077 on Friday, its cheapest since early 2010, in a fifth week of losses. "Gold is treading water despite a...