A landmark deal has been reached between Iran and World Powers. Iran has been eager to get rid of international economic sanctions that have been squeezing its economy. In fact, oil prices are lower in anticipation of a flood of Iranian oil hitting the market as sanctions are lifted. Spirit Airlines (SAVE) lowered its guidance for the year. The company said about 500 flights were cancelled in June because of storms, resulting to a $20 million hit to operating income. Also, Spirit forecast lower-than-expected revenue for the rest of the year because of increased competition. Facebook’s (FB) market value closed above the $250 billion-mark on Monday for the first time since the social networking giant went public in May 2012. Facebook had the shortest trek to that milestone of any company in history.
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