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Stocks In Negative Territory At The Closing Bell

Posted On July 25, 2014

(New York, NY) -- Disappointing earnings from Visa and Amazon helped drag stocks down at the end of the trading week. The Dow Jones Industrial Average closed 123 points lower to 16-961. The Nasdaq took a 23-point hit to close at 44-50. The S&P 500 lost ten points to 19-78. Amazon stock sank more than…

Transportation Secretary Calls For Trust Fund Extension

Posted On July 25, 2014

(Parsippany, NJ) -- A ten-month extension of the U.S. Highway Trust fund is making its way through Congress right now. However, U.S. Transportation Secretary Anthony Foxx is calling that a patch.   He is urging Congress to pass a four-year, 302 billion dollar plan for major road, bridge and transit projects. Foxx joined New Jersey…

Report: Google Finalizes Billion-Dollar Deal With Twitch

Posted On July 25, 2014

(Undated) -- There are new developments in Google's apparent quest to expand its presence in online video. VentureBeat says the tech giant has finalized a deal to buy the live-streaming startup Twitch for a reported one-billion-dollars. Twitch has become a popular player in the gaming arena with its business of streaming live videos of people…

Higher Food Prices Predicted Due To Disease, Drought

Posted On July 25, 2014

(Washington, DC) -- Disease and drought are driving up prices for meat and seafood. The USDA predicts wholesale pork prices will climb by as much as eleven percent this year due to a virus that has killed millions of piglets. Beef prices may jump up to nine percent. The USDA said the continuing drought could…

U.S. Durable Goods Rebounds

Posted On July 25, 2014

(Undated) -- U.S. durable goods are rebounding. The latest Commerce Department report shows durable goods orders rose point-seven-percent in the month of June. Orders slipped in May, and many analysts were expecting a slight rebound. Gains were seen in sectors outside of military goods, including machinery, computers and other electronic goods.