Loans pick up
Consumer borrowing in the US climbed $13.8 billion in June, the biggest gain in three months, as lenders responded to a pickup in auto sales.
Zillow’s jilted
Zillow, operator of the largest real-estate information website, dropped the most in three months after reporting a second-quarter loss on higher costs due to advertising and acquisitions. Shares fell 7.7 percent to $83.73.
‘Coffee’ drips
Green Mountain Coffee’s third-quarter revenue missed analysts’ estimates, hurt mainly by a drop in sales in Canada, sending its shares down 6 percent to $74.35 in after-hours trading.
S&P is probed
Standard & Poor’s is facing scrutiny from the Securities and Exchange Commission for how it rated a commercial-mortgage bond in 2011, three people with knowledge of the matter said.
Mel for Jamie
Former Sirius XM Radio CEO Mel Karmazin believes Jamie Dimon should be the next US president. Karmazin also said “Time Warner Cable should pay CBS more than they’re getting now, and CBS should take a little less.”