TOP STORIES 
 
U.S. GDP EXPANDS AT A DISAPPOINTING 1.2% 

U.S. economic growth sputtered this spring-growing a meager 1.2% in the second quarter-with cautious business investment largely offsetting more robust consumer spending.

U.S. STOCKS WAVER AMID EARNINGS, GDP DATA 

U.S. stocks were mixed after data showed the U.S. economy grew at a slower pace than expected in the second quarter. Investors also considered upbeat reports from banks and tech companies.

BANK OF JAPAN TAKES MODEST ACTION 

The BOJ said it would expand only its buying of exchange-traded funds, a move that disappointed investors and indicated it may have reached the limits of monetary policy.

EXXON MOBIL PROFIT FALLS TO A NEW LOW 

Exxon Mobil said its quarterly profit dropped 60%, again plumbing a new low since the 1999 merger of Exxon and Mobil, as the oil giant remains racked by low energy prices.

CHEVRON SWINGS TO A LOSS 

Chevron swung to a loss in the latest quarter-its third straight period in the red-as depressed prices continued to drag results, though the company's revenue decline was less than anticipated.

CANADIAN GDP FELL 0.6% IN MAY 

The Canadian economy recorded its largest monthly contraction in more than seven years in May after wildfires forced a halt to some oil-sands operations in Alberta.

MEXICO'S ECONOMY SHRINKS IN THE SECOND QUARTER 

The Mexican economy contracted in the second quarter, marking its first decline in three years, as industrial production fell and services remained unchanged from the previous period.

MERCK REVENUE RISES ON CANCER, HEPATITIS TREATMENTS 

Merck posted an unexpected increase in revenue as new cancer and hepatitis treatments bolstered results.

XEROX POSTS HIGHER-THAN-EXPECTED PROFIT 

Xerox said its profit rose more than expected in the latest period, helped by falling expenses as the company plows ahead with its planned separation.

U.S. EMPLOYMENT COSTS UP 0.6% IN SECOND QUARTER 

Employers' personnel costs rose modestly during the spring, the latest reminder of slow income growth during the recovery.

LYONDELLBASELL'S REVENUE FALLS ACROSS ITS SEGMENTS 

LyondellBasell reported a worse-than-expected slide in revenue and said sales declined across its units as its product prices remain pressured.

CBOE HOLDINGS REVENUE RISES SLIGHTLY BETTER-THAN-EXPECTED 

CBOE Holdings Inc. said its revenue rose a slightly better-than-expected 9.8% in the second quarter as trading in financial markets picked up and volatility spiked in the wake of Brexit.

ARCELORMITTAL EARNINGS BEAT EXPECTATIONS 

ArcelorMittal reported its best quarter in five years as steel markets in the U.S. and Europe improved thanks to new protective import tariffs, stronger demand and shrinking inventories.

U.S. ASKS PHILIPPINES TO HELP BANGLADESH FIND STOLEN FUNDS 

U.S. central bankers have asked their counterparts in the Philippines to help Bangladesh recover $81 million in stolen funds.

ENBRIDGE PROFIT FALLS 48% 

Enbridge Inc. on Friday said its second-quarter profit fell 48%, hurt by curtailed pipeline shipments after wildfires in May in Northern Alberta forced the shutdown of some oil-sands operations

ALLEGIANT AIR TO ORDER ITS FIRST NEW PLANES 

Allegiant Travel is expected on Friday to announce its first order for new planes in a bid to speed up its transition to a single fleet type and hasten the retirement of another, older model it operates.

TYCO TOPS VIEWS, SAYS JOHNSON CONTROLS MERGER WILL CLOSE AHEAD OF SCHEDULE 

Tyco International PLC on Friday reported better-than-expected results in the most recent quarter and said its tie-up with Johnson Controls Inc. is set to close earlier than previously anticipated.

FUEL COSTS CURB UPS PROFIT RISE 

UPS reported profit rose 3.2% in the latest period, though higher fuel costs cut into climbing revenue from its U.S. and international package deliveries.

NEXTERA TO BUY ENERGY FUTURE'S ONCOR IN $18.4 BILLION DEAL 

NextEra Energy agreed to buy Energy Future's stake in Oncor, in a deal that values the electricity transmissions business at $18.4 billion and could end Energy Future's stay in chapter 11 bankruptcy.

CHINA APPROVES AB INBEV DEAL FOR SABMILLER 

Anheuser-Busch InBev's takeover of rival SABMiller received the green light from Chinese regulators, giving the Belgian brewer the final regulatory clearance it needs to move forward with the more than $100 billion deal.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Election 2016 
CLINTON PITCHES HER PLAN FOR AMERICA. 
 

Hillary Clinton accepted the Democratic Party's nomination for president, casting herself as a unifying leader whose steadiness and judgment stands in sharp contrast with her opponent.

 
Sports - Golf 
PGA FIELD LOOKS TO CASH IN ON THE LONGEST HOLES 
 

At the Baltusrol Golf Club, every player gets an opportunity to make up for early mistakes with the two longest holes on the course: No. 17 and No. 18, where pars are like bogeys.

(END) Dow Jones Newswires

July 29, 2016 10:01 ET (14:01 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.