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Apple down more than 2%  

Apple stocks has broken a key trend line, with the FMHR traders.
Source: CNBC.com
Judge rejects claim that bourbon was falsely advertised

LOUISVILLE, Ky.- Chalk up another round for Maker's Mark distillery in fending off claims of misleading marketing for promoting its Kentucky bourbon as handmade. A federal judge in California this week dismissed a lawsuit filed by two consumers who claimed they were misled by the bourbon maker's handmade claims on its bottles, known for their red-wax seal.
Source: The Associated Press
UPDATE 1-Suntory Holdings says not considering IPO now

*Listing could be in Tokyo or New York- Nikkei. TOKYO, July 28- Suntory Holdings Ltd said on Tuesday that it is not considering listing its shares now, following a Nikkei newspaper report that the beverages conglomerate is mulling an IPO as early as 2018 to pay down debt and raise growth capital. The Nikkei said the Japanese company would decide as soon as this year...
Source: Reuters
NY wins $600 million hub for photonics research, development

ROCHESTER, N.Y.- Rochester, whose fortunes have risen and fallen with the demand for futuristic technologies from former powerhouses like Xerox and Kodak, is looking for its next big breakthrough in the field of integrated photonics, a light science with the potential to transform communications, medicine and national defense. "You've gone from making Brownie...
Source: The Associated Press
Recent fire pushes back completion date for new distillery

LOUISVILLE, Ky.- Barely two weeks after a fire threatened to disrupt its plans, Brown-Forman Corp. celebrated the upcoming start of construction for a new Old Forester Distillery that will return its founding brand to its historic roots along Louisville's Whiskey Row. However, Brown-Forman executives said Wednesday the distillery's opening will be pushed...
Source: The Associated Press
2015 Medicare and Social Security report  

The Treasury department releases the 2015 Medicare and Social Security report. CNBC's John Harwood reports.
Source: CNBC.com
Man arrested in laser pointer incidents near DFW airport

No crewmembers or passengers were hurt but controllers changed the flight paths of the aircraft, which continued on to DFW airport, Dallas Love Field or Alliance Airport in Fort Worth, according to the Federal Aviation Administration. Austin Lawrence Siferd, 23, of Alvarado, was arrested on a misdemeanor charge of illumination of an aircraft by intense light.
Source: The Associated Press | By: By DIANA HEIDGERD, Associated Press
Medicaid enrollment surges, stirs worry about state budgets

-More than a dozen states that opted to expand Medicaid under the Affordable Care Act have seen enrollments surge way beyond projections, raising concerns that the added costs will strain their budgets when federal aid is scaled back starting in two years. That's greater than what was initially predicted through 2021. As a result, the state revised its...
Source: The Associated Press | By: By CHRISTINA A. CASSIDY, Associated Press
Construction company cited in fatal Ohio overpass collapse

The Occupational Safety and Health Administration issued the citations and fine against Columbus- based Kokosing Construction Co. Inc., which agreed to the penalties on Wednesday, OSHA spokesman Scott Allen said. The Jan. 19 collapse during demolition work to remove an Interstate 75 ramp bridge just north of downtown Cincinnati killed Brandon Carl.
Source: The Associated Press
Last half hour: Bank earnings  

Steve Grasso, Stuart Frankel, says investors are covering positions after playing the fear trade, and discusses bank earnings.
Source: CNBC.com