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U.S. stock futures little changed as investors await GDP data Thursday, July 30, 2015 6:30 am

Specialist trader works on the floor of the New York Stock Exchange(Reuters) - U.S. stock index futures were little changed on Thursday ahead of second-quarter gross domestic product numbers that will give clues regarding the health of the economy even as the Fed left the door open for a possible interest rate hike in September.


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Second-quarter GDP seen rebounding on consumer spending, housing Thursday, July 30, 2015 3:14 am

A customer shops at the Wal-Mart Neighborhood Market in BentonvilleBy Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.


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Procter & Gamble sales fall for sixth straight quarter Thursday, July 30, 2015 6:45 am

Procter & Gamble Tide detergent pods are seen at the Safeway store in Wheaton Maryland(Reuters) - Procter & Gamble Co , the world's largest consumer products maker, reported its sixth straight fall in quarterly sales, as the stronger dollar continued to weigh on the value of sales from overseas markets. P&G also said it expected sales to fall in the low-to-mid single digits next year due to the strong dollar. The company said on Tuesday that David Taylor would replace A.G. Lafley as chief executive in November, as it looks to reverse the trend of falling sales.


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Health insurer Cigna's profit rises as it adds more members Thursday, July 30, 2015 5:25 am

Cigna CEO David Cordani is interviewed at Reuters Health Summit 2014 in Washington(Reuters) - Health insurer Cigna Corp, which agreed to be bought by Anthem Inc for $47 billion this month, reported a 2.6 percent rise in quarterly profit as it added more members in its commercial and government businesses.


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Fed says economy improving; September rate hike in view Wednesday, July 29, 2015 3:21 pm

An eagle tops the U.S. Federal Reserve building's facade in WashingtonThe U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. "On balance, a range of labor market indicators suggest that underutilization of labor resources has diminished since early this year," the Fed said in a policy statement that kept rates unchanged. The Fed also said it now only needs to see "some" more improvement in the labor market, a qualification that analysts said strongly suggested it believes the recent solid U.S. job gains will continue.


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