Orders for U.S. durable goods increase more than forecast

Bloomberg reports that orders for U.S. durable goods rose more than forecast in June, showing a pickup in demand that will help propel manufacturing and the economy in the second half of the year. Read more

 

Facebook shares soar on strong earnings

CNNMoney reports that Facebook Inc. exceeded analysts' expectations and reported second-quarter revenue of $1.8 billion Wednesday. Net income rose to $333 million, compared with a loss of $157 million a year ago, and the stock jumped to more than $32 per share in pre-market trading. Read more

 

GM beats profit estimates ahead of new model wave

Bloomberg reports that General Motors Co.'s second-quarter profits beat analysts' estimates, helped by a surge in U.S. pickup sales, as the company begins to refresh its lineup with new trucks to go with the heralded Impala sedan. Read more