Friday, July 25, 2014
 
 
by Clip Syndicate
In early trading on Friday, shares of Verizon Communications (VZ) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.7%. Year to date, Verizon Communications registers a 4.6% gain.  [READ MORE]
 
 
 
In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members. Shares in the world's No.  [READ MORE]
 
A car dealership in Wilmington is under fire. Customers say the cars they bought are not up to par. Several of them gathered to protest across the street from Lovitt's Auto and Truck Center on Carolina Beach Road.  [READ MORE]
 
In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members. Shares in the world's No.  [READ MORE]
 
In early trading on Thursday, shares of Nike (NKE) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.0%. Year to date, Nike has lost about 0.6% of its value.  [READ MORE]
 
The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year. The IMF, which in June forecast 2 percent growth for the world's largest economy this year, said U.S. activity should accelerate to a pace of 3 percent to 3.5 percent in the rest of 2014, and grow by 3 percent next year and in 2016. IMF staff said in their yearly analysis of the U.S. economy, "Still, the drag on growth from the first quarter contraction will not be offset." U.S. GDP contracted at a 2.9 percent annual pace in the first three months of the year, dragged down by a weak housing market, a slower pace of restocking by businesses and lower exports. It was the sharpest decline in five years.

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General Motors unit Opel said it is working on a successor model to its Ampera, a battery-powered electric car which hit European showrooms in 2011. Opel, which trades under sister brand Vauxhall in Britain, said in a statement on Wednesday, "We will definitely introduce a successor product in the electric vehicle segment and continue to defend our position as an innovation leader." A new version of its Ampera will be launched between 2014 and 2018, Opel said, declining to give further details. Opel further said, "We see electric mobility as an important part of mobility and we will continue to drive down costs and deliver affordability."

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