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  • July 27- Facebook Inc's quarterly revenue jumped 59.2 percent as its hugely popular mobile app attracted new advertisers and encouraged existing ones to spend more. The net income attributable to Facebook's stockholders rose to $2.05 billion, or 71 cents per share, in the second quarter ended June 30, from $715 million, or 25 cents per share, a year earlier.

  • DENVER _ Whiting Petroleum Corp. on Wednesday reported a loss of $301 million in its second quarter. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share. Ten analysts surveyed by Zacks expected $379 million.

  • The U.S. Department of Justice sued on July 21 to block both Anthem's deal and another proposed insurer combination, Aetna's $34- billion purchase of Humana. The biggest is UnitedHealth Group. Companies like Electrolux and Halliburton have chosen to walk away from their proposed deals after facing recent Justice Department lawsuits.

  • BOSTON _ Vertex Pharmaceuticals Inc. on Wednesday reported a loss of $64.5 million in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Seven analysts surveyed by Zacks expected $432.6 million.

  • NEW YORK, July 27- Wall Street closed with a slight decline on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a rate hike later this year.

  • PHOENIX _ Knight Transportation Inc. on Wednesday reported second-quarter profit of $24.7 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Knight Transportation shares have increased 19 percent since the beginning of the year.

  • The world's largest biotechnology company by market value said net profit rose to $1.87 billion, or $2.47 per share, from $1.65 billion, or $2.15 per share, a year ago. Amgen said it now expects 2016 adjusted earnings of $11.10 to $11.40 per share, up from its prior view of $10.85 to $11.20 per share. The company, which significantly increased its earnings forecast...

  • July 27- ShareCare Inc, a U.S. digital health and wellness online platform co-founded by TV personality Dr. Atlanta- based ShareCare agreed to pay $30 million of its shares for the business, which generates about $250 million in revenue, the people said. In addition, Nashville, Tennessee- based Healthways is paying ShareCare $25 million upfront to cover expected...

  • July 27- Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone- which includes the App Store, Apple Pay and iCloud- will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook...

  • Treasury on Wednesday expanded its hunt for international criminals who launder money through real-estate deals by ordering title insurance companies to report all-cash buyers' identities in parts of California and Texas, as well as greater swaths of New York and Florida. Starting in August, it will also reach into New York's boroughs, Florida's Broward and...

  • HOUSTON, July 27- Hess Corp said on Wednesday it was pursuing legal action against Schlumberger NV for $40 million or more, claiming the oilfield service provider supplied a defective valve for a U.S. Gulf of Mexico oilfield that shuttered three wells and crimped production. Hess executives claimed the company is owed between $30 million and $40 million in...

  • LONDON, July 27- SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, two sources familiar with the matter said. Still, AB InBev's U.S.-listed shares fell 3 percent and shares of Molson Coors, which is set to take over SAB's U.S. operations, fell 5...

  • OTTAWA, July 27- Canada's housing market is showing strong signs of overvaluation as prices have surged, the federal housing agency said on Wednesday, becoming the latest authority to voice concern about the country's multi-year property boom. A more recent ramp up in the Toronto and Vancouver markets has raised concerns among policymakers, prompting the...

  • *Wall Street rebounds after Fed decision. NEW YORK, July 27- The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while U.S. equity markets rebounded following the Federal Reserve's decision to leave interest rates unchanged. The Fed's statement was broadly constructive about the economy and...

  • *Abe's stimulus plan for Japan raises bets on BOJ action. NEW YORK, July 27- U.S. They briefly narrowed the spread between shorter-dated and longer-dated yields to the tightest level since March 2015, according to Tradeweb.

  • LONDON— SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews its sweetened bid, raising concern about completion of the 79 billion pound takeover. AB InBev increased its cash offer for SABMiller Tuesday to 45 pounds per share to blunt a revolt by investors who had seen the relative value of their...

  • LOS ANGELES— Matt Damon is taking steps to address the diversity crisis in Hollywood through his and Ben Affleck's production company, Pearl Street Films, and collaboration with the people behind the Media, Diversity and Social Change Initiative at USC's Annenberg School. They're the latest high-profile names in the industry who are throwing their weight...

  • *Abe's stimulus plan for Japan raises bets on BOJ action. NEW YORK, July 27- U.S. They briefly narrowed the spread between shorter-dated and longer-dated yields to the tightest level since March 2015, according to Tradeweb.

  • July 27- California's power grid operator issued an alert urging consumers to conserve electricity on Wednesday as a heat wave baked the state, especially in the north. AccuWeather forecast that temperatures in San Jose, the third biggest city in California, would reach 93 degrees Fahrenheit on Wednesday and 89 on Thursday after hitting 94 on Tuesday.

  • BOSTON, July 27- U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that has erased more than $10 billion in profits over the past 18 months. Deconsolidation means that Venezuela operations can largely no longer hurt or benefit a U.S....