Reuters

China second-quarter GDP growth strength surprises but reveals growing risks
Reuters
BEIJING China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to roll out more support measures. Property …
China Economy Tilts Further in Wrong DirectionWall Street Journal
China's 2Q Economic Growth Steady, Signaling StabilizationNew York Times
China Q2 GDP growth beats estimates as stimulus shores up demandCNBC
BBC News –The Economist (blog) –Nasdaq –Quartz
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BBC News

Asian shares push higher after China data outperforms
BBC News
Asian stock markets are recording further gains after shares on Wall Street hit fresh record highs and China economic data beat expectations. The Dow closed up 0.7% at 18,506.41 while the S&P 500 index added 0.5% to close at 2,163.75. Data showing …

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Wall Street Journal

Prospects Brighten for Proposed Lowline Park on Lower East Side
Wall Street Journal
New York City threw its official support Thursday behind the proposed Lower East Side park known as the Lowline. The city said it would grant the Lowline team the right to develop an abandoned acre of land below Delancey Street if it met a series of …
City Approves Lowline, Admits Project was Only Pitch for Underground SiteDNAinfo
A Park Beneath New York City's SidewalksCityLab
Fanciful Subterranean LES Park Proposal Wins City Approval And Could Actually HappenGothamist
Patch.com –Curbed NY –CBS Local –Co.Exist
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Houston Chronicle

BP estimates cost of 2010 Gulf oil spill at $61.6 billion
Houston Chronicle
Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon on April 21, 2010. The blowout in the Gulf of Mexico killed 11 people and sent 4.9 million barrels of oil gushing from the sea floor into the Gulf. less
BP's big bill for the world's largest oil spill now reaches $61.6 billionMinneapolis Star Tribune
BP Deepwater Horizon bill to reach US$62 billionOE Digital
BP puts 2010 Gulf of Mexico penalties at $62 billionReuters
NOLA.com –ABC Action News –Nasdaq –Occupational Health and Safety
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Reuters

Buffett donates nearly $2.9 billion to Gates charity and four others
Reuters
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill & Melinda Gates Foundation and four family charities, as part of his plan to give away
Buffett Gives $2.2 Billion to Charity That Embraces FailureBloomberg
Warren Buffett Donates $2.86 Billion in Berkshire Hathaway Stock to CharitiesWall Street Journal
Warren Buffett weighs in on interest rates and 'irrational competition'CNBC
Omaha World-Herald –Scottsbluff Star Herald –Fort Worth Star Telegram –Dallas Morning News
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Peoria Public Radio

Failing Illinois Health Insurance Co-Op to Be Shut Down
Insurance Journal
An Illinois health insurance co-op with 49,000 policyholders in the state has become the latest casualty among a dwindling group of nonprofit alternative insurers set up under the Affordable Care Act. Illinois regulators took steps on July 12 to shut
Obamacare company shutdown leaves customers in a lurch, facing higher costsChicago Tribune
Illinois Department of Insurance Seeks To LiquidateAlton Daily News
After Financial Losses, Illinois Obamacare Provider Goes UnderChicago Tonight | WTTW
The New American –Crain’s Chicago Business –Insurance Business America –News 13 Orlando
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CNNMoney

Hackers steal millions from ATMs without using a card
CNNMoney
Taiwan is trying to figure out how hackers managed to trick a network of bank ATMs into spitting out millions. Police said several people wearing masks attacked dozens of ATMs operated by Taiwan's First Bank on Sunday. They spent a few minutes at each
Latvian man identified as third suspect in ATM heistFocus Taiwan News Channel
6 ATM heist suspects identified by policeChina Post
Malware suspected in ATM heist in TaiwanSC Magazine UK
St, Thomas Source –TVC News –IBS Intelligence (blog) (subscription)
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Computerworld

Microsoft wins appeal over US government access to emails held overseas
Computerworld
A U.S. appeals court has quashed a search warrant that would have required Microsoft to disclose contents of emails stored on a server in Ireland, in a case that has broad ramifications for privacy, diplomatic relations and the ability of U.S

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CNET

Now this may finally get you to use mobile payments
CNET
Mastercard is expanding its Masterpass platform into mobile payments in stores. Mastercard. How many in-store purchases did you make last year using your phone? If you're like most Americans, the answer is none. Hoping to make mobile payments just a …
MasterCard is lending its mobile payment tech to banksEngadget
Mastercard issues first brand change in 20 years, and Masterpass is now contact-lessDigital Trends
MasterCard Expands Masterpass and Promises to Change the Face of Mobile PaymentsTheStreet.com
Wall Street Journal –PC Magazine –Mobile Payments Today –EcommerceBytes
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USA TODAY

Hyperloop One co-founder sues firm, alleges harassment
USA TODAY
SAN FRANCISCO — The co-founder of futuristic transportation start-up Hyperloop One, who abruptly quit the company earlier this month, has filed a wrongful termination suit alleging nepotism and harassment, including having a noose left on his desk.
Ousted Hyperloop One co-founder Brogan BamBrogan is suing Shervin Pishevar, claims harrassmentTechCrunch
Hyperloop One Co-Founder Hits Company With LawsuitWall Street Journal
Hyperloop One facing messy lawsuit between foundersCNNMoney
Forbes –Ars Technica –CNET –WIRED
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