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Shares in Hon Hai Precision open 2.16 percent higher

TAIPEI, July 27 (Reuters) - Shares in Hon Hai Precision , the world's largest contract electronics manufacturer and major Apple supplier, opened 2.16 pct higher in early morning trade on Thursday.

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Singapore slings? Taking on Alibaba, Amazon launches Prime Now in the city state

SINGAPORE (Reuters) - Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's push into populous Southeast Asia and its first head-on battle with its Chinese rival, Alibaba Group Holding.

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Southern Copper second-quarter profit rises 35.1 pct yr/yr

LIMA, July 26 (Reuters) - Southern Copper Corp said on Wednesday that its second-quarter net profit rose 35.1 percent from the same period a year earlier amid a double-digit surge in global copper prices.

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UPDATE 1-Suncor Energy reports second-quarter profit, ups capital budget

CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday due to stronger crude oil prices and increased production from some upstream assets and refining operations.

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Asia shares hit 2008 highs, dollar in decline on Fed inflation view

SYDNEY (Reuters) - Stocks, bonds and commodities were all on a roll in Asia on Thursday as bulls scented a softening in the Federal Reserve's confidence on inflation that promised to keep U.S. interest rates low for longer.

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Nintendo shares up more than four percent after reporting strong Switch sales

TOKYO (Reuters) - Japan's Nintendo Co Ltd shares rose more than four percent in Thursday morning trade after the console maker reported strong first-quarter sales for its new Switch device.

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Suncor Energy reports second-quarter profit

CALGARY, Alberta, July 26 (Reuters) - Suncor Energy Inc , Canada's second-largest oil and gas producer, reported a second-quarter profit on Wednesday as a result of stronger crude oil prices and increased production from its upstream assets and refining operations.

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Samsung Electronics expects continued chip boom after record second-quarter profit

SEOUL (Reuters) - Samsung Electronics Co Ltd on Thursday said it expected the memory chip boom to continue in the current quarter, after reporting a record operating profit for the three months through June.

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Exclusive: Discovery in the lead to acquire Scripps Networks - sources

(Reuters) - U.S. media company Discovery Communications Inc is in the lead to acquire U.S. cable TV network owner Scripps Networks Interactive Inc, people familiar with the matter said on Wednesday, in a deal likely to top $12 billion.

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GE, Invenergy build wind farm in Oklahoma, biggest in the U.S.

July 26 (Reuters) - Power development company Invenergy LLC and General Electric Co on Wednesday announced plans to build the largest wind farm in the United States in Oklahoma, part of a $4.5 billion project to provide electricity to 1.1 million utility customers in the region.

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Foxconn announces U.S. manufacturing plant in Wisconsin

(Reuters) - Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin.

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Goldcorp posts quarterly profit as costs fall; CFO to leave

July 26 (Reuters) - Canadian gold producer Goldcorp Inc reported a quarterly profit on Wednesday, helped by lower costs.

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PayPal beats estimates, raises 2017 forecasts

(Reuters) - PayPal Holdings Inc reported a better-than-expected quarterly profit as the payment processor's growing strategic partnerships helped boost payment volumes.

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FTSE Russell to exclude Snap from stock indexes

NEW YORK (Reuters) - FTSE Russell CEO Mark Makepeace said on Wednesday the index provider plans to exclude Snap Inc from its widely followed stock indexes because of the Snapchat owner's unusual share structure that denies voting rights to investors.

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Facebook profit, revenue smash estimates as mobile ad sales soar

(Reuters) - Facebook Inc crushed quarterly profit and revenue estimates on Wednesday as the social media giant's push into video ads helped bolster its fast-growing mobile ad business.

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Uber's Kalanick hires former U.S. prosecutor ahead of Waymo deposition

SAN FRANCISCO (Reuters) - Uber's former chief executive, Travis Kalanick, has hired the former top federal prosecutor in San Francisco to represent him ahead of a deposition in a high-profile trade secrets case against Alphabet's Waymo self-driving car unit, the attorney's firm said on Wednesday.

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iRobot shares surge on strong sales of Roomba vacuum cleaners

SAN FRANCISCO (Reuters) - Shares in iRobot Corp jumped 23 percent to a record high on Wednesday after the Roomba robotic vacuum maker posted better-than-expected quarterly results and said it was buying its largest European distributor.

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Energy Future warns delay would kill Oncor sale to Buffett

WILMINGTON, Del. (Reuters) - Warren Buffett's Berkshire Hathaway Inc will walk away from its $9 billion acquisition of Oncor Electric Delivery Co if the deal is delayed, an attorney for the parent company of Texas' largest utility told a bankruptcy judge on Wednesday.

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U.S. defense companies lift forecasts amid growing security concerns

(Reuters) - Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world.

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CORRECTED-UPDATE 2-General Dynamics profit beats, revenue sags; shares drop

July 26 (Reuters) - General Dynamics Corp, the maker of Gulfstream business jets and military equipment, posted higher-than-expected quarterly profits driven by increased sales in the unit that makes tanks, but projected slightly lower aerospace sales.

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Chipotle served another subpoena after latest food scare

(Reuters) - Chipotle Mexican Grill Inc said U.S. federal prosecutors served a subpoena, seeking information related to a suspected norovirus outbreak at a restaurant in Sterling, Virginia that it briefly closed last week.

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Whole Foods profit down as same-store sales declines persists

LOS ANGELES (Reuters) - Whole Foods Market Inc , which has agreed to be bought by Amazon.com for $13.7 billion, on Wednesday reported a quarterly profit decline after same-store sales fell for the eighth quarter in a row.

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VW says cooperation with rivals is common industry practice

BERLIN (Reuters) - Volkswagen said on Wednesday that cooperation among carmakers on technical matters is a common industry practice but declined comment on allegations that it engaged in anti-competitive behavior with other German automakers.

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UPDATE 3-Alaska Air quarterly profit jumps 13.8 pct, helped by Virgin America

July 26 (Reuters) - Alaska Air Group Inc on Wednesday posted a 13.8 percent rise in quarterly profit, helped in part by the December 2016 acquisition of former rival Virgin America.

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U.S. new home sales rise in June, but trend softening

WASHINGTON (Reuters) - New U.S. single-family home sales increased in June as purchases in the West surged to a near 10-year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that was treading water.

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Amundi's Pioneer to ditch Blackrock's Aladdin to cut costs

PARIS, July 26 (Reuters) - Amundi confirmed on Wednesday plans to switch the IT systems of its recently-acquired Pioneer Investments from rival BlackRock's Aladdin platform in a bid to cut costs.

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UPDATE 3-Lower tax rate fuels Ford beat, seen boosting 2017 net profit

DETROIT, July 26 (Reuters) - Ford Motor Co on Wednesday reported a better-than-expected quarterly net profit due to a lower tax rate and increased U.S. sales of more-profitable pickup trucks, but forecast a slightly lower 2017 pre-tax profit, sending its shares down 2.3 percent.

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Wal-Mart proposes policy actions to boost U.S. manufacturing

CHICAGO (Reuters) - Wal-Mart Stores Inc on Wednesday proposed 10 policy actions to boost U.S. manufacturing that the retailer said could help recapture $300 billion of the $650 billion worth of consumer goods that are currently imported.

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UPDATE 2-Juices, low-sugar sodas help Coca-Cola profit beat estimates

* Reports 2nd-qtr adj. EPS profit of 59 cents vs est 57 cents

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Wall Street set to open higher on earnings; Fed in focus

(Reuters) - U.S. stock indexes were poised to open at record levels on Wednesday following a set of strong quarterly earnings, led by Boeing and AT&T, while investors awaited the outcome of a two-day Federal Reserve meeting.

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Oil prices rise as falling U.S. inventories stoke rebalancing hopes

LONDON (Reuters) - Oil prices rose to near eight-week highs on Wednesday, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.

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Lower tax rate fuels Ford beat, seen lifting full-year profit

DETROIT (Reuters) - Ford Motor Co on Wednesday reported a better-than-expected quarterly net profit due to a lower tax rate and increased sales of more profitable pickup trucks in the U.S. market, and the company said that reduced tax rate would boost its full-year profits.

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Boeing raises 2017 earnings forecast

(Reuters) - Boeing Co reported a quarterly profit compared with a loss a year ago when it booked a charge, and raised its full-year core profit forecast.

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Coca-Cola profit drops 60 percent on refranchising charge

(Reuters) - Coca-Cola Co reported a 60.2 percent drop in quarterly profit, as the beverage maker incurred a charge of $653 million related to refranchising its North America bottling operations.

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Weapons maker Northrop's quarterly profit rises 6.8 percent

July 26 (Reuters) - Northrop Grumman Corp, the maker of Global Hawk surveillance planes, reported a 6.8 percent rise in quarterly profit on Wednesday, driven by strong demand for its manned aircraft.

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Hilton's profit beats; raises earnings forecast again

(Reuters) - Hilton Worldwide Holdings Inc , the owner of the Waldorf Astoria hotel chain, reported a higher-than-expected quarterly revenue and profit, as more people booked rooms at higher prices, and raised its 2017 earnings forecast yet again.

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D.R. Horton profit rises on higher home sales

(Reuters) - D.R. Horton Inc , the largest U.S. homebuilder, reported a quarterly profit that narrowly beat analysts' estimates as home sales rose.

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BRIEF-Team Inc upsizes offering, prices $200 million of 5 percent convertible senior notes due 2023

* Team Inc upsizes offering, prices $200 million of 5 percent convertible senior notes due 2023

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Telefonica Brasil posts 25 pct rise in second-quarter profit

SAO PAULO, July 26 (Reuters) - Telefonica Brasil SA , the biggest telecommunications firm in the country, on Wednesday reported a 25 percent rise in second-quarter net income to 873 million reais ($275 million), a securities filing showed.

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BRIEF-Staffing 360 Solutions says Q2 revenue fell 7.1 percent to $42.1 million

* Staffing 360 Solutions pre-announces second quarter 2017 results

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Accorhotels beefs up luxury rental 'onefinestay' brand to fight Airbnb

PARIS (Reuters) - AccorHotels will re-group three of its luxury home-rental divisions under its 'onefinestay' brand, as the French hotelier steps up efforts to counter the challenge of Airbnb and other online booking services.

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Exclusive: Banks dealing EU sovereign debt may be dragged out of London

LONDON (Reuters) - Banks at the heart of EU government borrowing could be forced to move some operations out of London if they want to hold on to that business after Brexit, according to three senior bankers with knowledge of the matter.

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BRIEF-Chongqing Changan Automobile and Ford Motor's JV posts H1 net profit

* Says H1 net profit of its joint venture with Ford Motor at 6.2 billion yuan ($917.91 million)

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Life after debt? Macquarie's junk lending unit sputters

SYDNEY (Reuters) - Macquarie Group, Australia's leading investment bank, has a hole to fill.

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Nintendo swings to first quarter operating profit, beats estimates

TOKYO (Reuters) - Japan's Nintendo Co Ltd said on Wednesday it returned to profit in its first quarter, beating analyst estimates, due to strong demand for its Switch console.

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UPDATE 2-Hyundai Motor profit slumps, warns China, U.S. sales malaise to persist

* Q2 net profit 817 bln won vs consensus f'cast 1.35 trln won

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Line Corp first-half profit jumps 39 percent, boosted by asset transfer

TOKYO (Reuters) - Japan's Line Corp posted a 39 percent jump in first-half profit, boosted by a transfer of assets.

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BRIEF-Berendsen H1 revenue rose 7.8 percent to 575.1 million stg

* HY OPERATING MARGIN 11.5 PERCENT VERSUS 13.2 PERCENT YEAR AGO

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Hyundai Motor second quarter net profit halves as China, U.S. sales sag

SEOUL (Reuters) - Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States.

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Hyundai Motor Q2 profit down 51 pct y/y, China, U.S. sales sag

SEOUL, July 26 (Reuters) - Hyundai Motor posted a 51 percent drop in net profit for the April-to-June period, missing analysts' estimates, as political headwinds hit sales in China and U.S. sales decelerated.

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Fed expected to leave rates unchanged; balance sheet in focus

WASHINGTON (Reuters) - The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy.

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Twitter no longer at 'death's door' as earnings report approaches

SAN FRANCISCO (Reuters) - Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company.

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USTR Lighthizer: Trump challenging China's industrial policies - radio interview

WASHINGTON (Reuters) - The top U.S. trade negotiator said late on Tuesday that President Donald Trump is determined to challenge China's use of unfair subsidies and "non-economic" industrial policy to build up export industries that are costing American jobs.

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Australian watchdog takes Ford local unit to court over transmission complaints

(Reuters) - Australia's consumer watchdog said on Wednesday it has started court proceedings against Ford Motor Co's local unit, accusing the company of engaging in misleading or deceptive conduct when responding to customer complaints.

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Asia stocks inch up, dollar steadies as investors await Fed clues

TOKYO (Reuters) - Asian stocks edged up early on Wednesday after Wall Street indexes notched record highs, while the dollar was steady as investors awaited the Federal Reserve's policy decision later in the day for more clues on its tightening plans.

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Brazil wireless carrier TIM triples profit, beating forecasts

SAO PAULO, July 25 (Reuters) - TIM Participaçoes SA , Brazil's second-largest wireless phone company, reported on Tuesday that second-quarter net income nearly tripled from a year earlier to 219 million reais ($69 million), according to a securities filing.

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Apple ordered to pay $506 million to university in patent dispute

(Reuters) - A U.S. judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison's patent licensing arm, more than doubling the damages initially imposed on Apple by a jury.

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Exclusive: Viacom willing to make an all-cash deal to buy Scripps Networks - sources

(Reuters) - Viacom Inc has informed Scripps Networks Interactive it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.

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Wisconsin company offers employees microchip implants

(Reuters) - A Wisconsin vending machine company is offering its employees a chance to have a microchip implanted in their hands that they could use to buy snacks, log in to computers or use the copy machine.

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Texas Instruments' profit beats on automotive, industrial demand

(Reuters) - Texas Instruments Inc reported a better-than-expected quarterly profit as the company benefited from higher demand for its chips from automotive and industrial customers.

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Akamai posts 21.5 percent fall in quarterly profit

(Reuters) - Akamai Technologies Inc, which helps speed up content delivery over the internet, reported a 21.5 percent fall in quarterly profit on Tuesday, hurt by higher costs.

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AT&T's quarterly profit tops Wall Street estimates

NEW YORK (Reuters) - AT&T Inc's quarterly profit topped Wall Street estimates on Tuesday as the No. 2 U.S. wireless carrier introduced new promotions bundling video with phone service that helped to attract customers.

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Chipmaker AMD's revenue rises 19 percent

(Reuters) - Chipmaker Advanced Micro Devices Inc reported a 19 percent rise in quarterly revenue on Tuesday, boosted by demand for its graphics chips and its new Ryzen processors for PCs.

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Chipotle profit doubles, shares rise

LOS ANGELES (Reuters) - Chipotle Mexican Grill Inc's profit more than doubled in the latest second quarter, sending shares of the burrito seller up more than 2 percent in after-hours trading on Tuesday.

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Apple CEO promised Trump to build three manufacturing plants in U.S.: WSJ

(Reuters) - Apple Inc Chief Executive Tim Cook has committed to build three big manufacturing plants in the United States, the Wall Street Journal quoted U.S. President Donald Trump as saying.

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Signs of brain disease in 99 percent of ex-NFL players studied: paper

BOSTON (Reuters) - The brains of 99 percent of former National Football League players studied showed signs of a disease linked to repeated hits to the head that can lead to aggression and dementia, according to research published in a medical journal on Tuesday.

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Options traders bullish on Facebook ahead of second-quarter results

NEW YORK (Reuters) - As Facebook Inc geared up to report second-quarter results on Wednesday, traders in the options market are exhibiting a greater degree of bullishness in more than a year, options data showed.

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BMW halts project talks after Daimler blew whistle: Sueddeutsche

BERLIN (Reuters) - BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.

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Geek fight! Musk says Zuckerberg naive about killer robots

SAN FRANCISCO (Reuters) - Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators.

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Signs of brain disease in 99 percent of former NFL players: study

BOSTON (Reuters) - The brains of 99 percent of former National Football League players showed signs of a disease linked to repeated hits to the head that can lead to aggression and dementia, according to research published in a leading medical journal on Tuesday.

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UPDATE 1-Michelin profit softens, but tyremaker firm on 2017 goals

PARIS, July 25 (Reuters) - Michelin's operating profit fell in the first half, with the French tyre maker saying on Tuesday it had missed forecasts because analysts had overestimated foreign exchange gains.

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Jobs lift U.S. consumer confidence to near 16-year high

WASHINGTON (Reuters) - U.S consumer confidence jumped to a near 16-year high in July amid optimism over the labor market while house prices maintained their upward trend in May, which could boost consumer spending after recent sluggishness.

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Israeli settles Mobileye insider trading case with U.S. regulators

(Reuters) - An Israeli professor has agreed to pay more than $850,000 to settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV , a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp .

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UPDATE 7-Oil rallies 3 percent as U.S. shale shows signs of slowdown

* Coming Up: U.S. crude inventory data from API, EIA (New throughout, updates prices, market activity and comments; new byline, changes dateline, previous LONDON)

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HCA Healthcare slumps as profit misses on weak patient volumes

(Reuters) - HCA Healthcare Inc's profit missed estimates for the second straight quarter, hurt by higher expenses and weaker-than-expected patient volumes, and the hospital operator cut its full-year earnings forecast, sending its shares down 4 percent.

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VW executive charged in emissions probe to plead guilty: court

(Reuters) - A Volkswagen AG executive charged in the automaker's diesel emissions scandal plans to plead guilty on August 4 in U.S. District Court in Detroit, a court spokesman said Tuesday.

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Volatility plunge sends VIX index to 23-year low

NEW YORK (Reuters) - Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.

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House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules.

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UPDATE 1-Mexico's Femsa Q2 profit falls, dragging down shares

MEXICO CITY, July 25 (Reuters) - Shares in Mexican bottler and retailer Fomento Economico Mexicano (Femsa) fell on Tuesday after it reported a drop in quarterly profits hurt by rising costs.

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Toshiba board to meet Wednesday, weigh offers for chip unit: source

TOKYO (Reuters) - Toshiba Corp's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.

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UPDATE 2-United Tech quarterly revenue up 2.7 percent; raises forecast

July 25 (Reuters) - United Technologies Corp, maker of Otis Elevators, Pratt & Whitney engines and Carrier air conditioners, on Tuesday reported a 2.7 percent rise in quarterly revenue, helped by higher sales in three of its four business units.

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Elliott says Akzo Nobel 'flouting' basic shareholder rights

LONDON (Reuters) - Hedge fund Elliott Advisors on Tuesday criticized Akzo Nobel for dismissing its request yesterday for shareholders to add items to the agenda of a Sept. 8 extraordinary general meeting.

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Blackrock, Lightsource target 1 billion pound UK solar power portfolio

LONDON (Reuters) - Asset manager Blackrock and solar energy firm Lightsource have agreed to jointly create a 1 billion pound ($1.3 billion) portfolio of solar power assets in Britain over the next three years, the two companies said on Tuesday.

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Investors unhappy as Alphabet shells out more to drive traffic

(Reuters) - There are very few things that make Alphabet Inc's investors unhappy. A rising TAC - the cost of driving traffic to its site - is one of them.

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Norwegian Air under pressure to boost finances

OSLO/LONDON (Reuters) - Norwegian Air , the fast-growing budget airline trying to crack the transatlantic market by undercutting established rivals, faces mounting pressure to control costs and shore up its balance sheet to weather fierce competition.

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S&P hits record; Alphabet weighs on Nasdaq

(Reuters) - The S&P hit a record high, while the Dow opened higher on Tuesday, helped by strong earnings from Caterpillar and McDonald's, but Google-parent Alphabet weighed on the tech-heavy Nasdaq.

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Daimler board to discuss alleged German auto cartel: sources

FRANKFURT/HAMBURG (Reuters) - Daimler's supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behavior, sources familiar with the matter said on Tuesday.

General Motors nytimes.com

G.M. Profit Falls 42%, to $1.7 Billion, Reflecting Sale of European Unit

The automaker’s second-quarter decline in profit was partially attributed to the pending sale of its Opel and Vauxhall divisions in Europe.

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U.S. home prices for May rise slower than expected

NEW YORK (Reuters) - U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday.

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Is this the world's best whiskey?

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UPDATE 1-Miner Newmont's qtrly adj profit jumps 60 pct, beats estimate

July 25 (Reuters) - Gold miner Newmont Mining Corp reported a much bigger-than-expected 60 percent jump in quarterly adjusted profit on Tuesday as production improved, more than offsetting losses from lower realized gold prices.

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McDonald's U.S. same-restaurant sales beat estimates

(Reuters) - McDonald's Corp on Tuesday reported a higher-than-expected rise in quarterly sales at established U.S. restaurants, helped by promotions on beverages as well as the launch of signature crafted sandwiches.

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Domino's delivers Street-beating sales and profit

(Reuters) - Domino's Pizza Inc reported better-than-expected quarterly revenue and profit, boosted by store openings, lower food costs and higher supply chain revenues from franchises.

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Caterpillar posts 46 percent rise in profit, boosts forecast

(Reuters) - Caterpillar Inc reported a 46 percent jump in quarterly profit on Tuesday, helped by strength in its construction and resources businesses, and raised its profit outlook for the year.

cnn.com

World's best brick buildings

"Architecture starts when you carefully put two bricks together. There it begins."

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JetBlue Airways quarterly profit rises 16.6 percent

July 25 (Reuters) - U.S. budget carrier JetBlue Airways Corp reported a 16.6 percent rise in quarterly profit, helped partly by improving average fares.

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General Motors quarterly profit falls

DETROIT (Reuters) - General Motors Co on Tuesday reported a lower quarterly net profit from continuing operations due to lower vehicle sales and restructuring charges, but results beat Wall Street expectations.

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UPDATE 1-Ad company Interpublic misses profit, revenue estimates

July 25 (Reuters) - U.S. advertising company Interpublic Group on Tuesday reported lower-than-expected quarterly profit and revenue, hurt by tepid client spending.

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UPDATE 2-Centene profit beats on Obamacare strength, higher enrollments

* Shares up 3.3 pct premarket (Adds analysts' comments, details, shares)

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Activist investor urges sale of Barnes & Noble

(Reuters) - Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself.

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Biogen revenue rises 6.4 percent on Spinraza demand

(Reuters) - U.S. drugmaker Biogen Inc reported a 6.4 percent rise in quarterly revenue, driven by strong demand for its recently approved spinal muscular atrophy drug, Spinraza.

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BRIEF-Lilly reports second-quarter results

* Q2 earnings per share view $1.05 -- Thomson Reuters I/B/E/S

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DuPont beats on strong demand in agriculture business

(Reuters) - Chemicals and seeds company DuPont , which is merging with Dow Chemical , beat analysts' estimates for both profit and revenue on Tuesday, helped by higher sales in its agriculture business.

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Drugmaker Lilly's profit jumps 35 percent

July 25 (Reuters) - Eli Lilly and Co on Tuesday reported a 35 percent rise in quarterly profit as the U.S. drugmaker benefited from higher sales of its diabetes treatment Trulicity as well as its psoriasis drug Taltz.

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China's HNA taps Goldman for planned Pactera U.S. IPO: sources

HONG KONG (Reuters) - HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.

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Uber ties up with AXA for workers' accident cover in France

PARIS (Reuters) - Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France.

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LG Display to invest $7 billion in OLED production, second-quarter profit jumps

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Tuesday it will invest 7.8 trillion won ($7 billion) in production facilities to make both large and small organic light-emitting diode (OLED) panels.

PersonalFinance reuters.com

Rathbone Brothers first-half pretax profit up 16.7 percent

LONDON (Reuters) - British wealth manager Rathbone Brothers plc posted a 16.7 percent rise in first-half pretax profit on Tuesday, boosted by market gains and a rise in assets under management.

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Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

LONDON (Reuters) - U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana.

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Prospect of Trump tariff casts pall over U.S. solar industry

LOS ANGELES (Reuters) - U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy's brightest stars.

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Citigroup hosts investors for first time since the financial crisis

NEW YORK (Reuters) - For the first time since receiving three government bailouts during the 2007-2009 financial crisis, Citigroup Inc on Tuesday is holding a day-long conference for investors, marking another step in the recovery of what was once the biggest U.S. bank.

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Activist investor Sandell presses for Barnes & Noble sale: WSJ

(Reuters) - Activist investor Sandell Asset Management Corp wants Barnes & Noble to try to sell itself again, saying the bookstore chain will benefit from a new owner, the Wall Street Journal reported on Monday.

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VW chief raps Porsche labor boss in Heilbronner Stimme interview

BERLIN (Reuters) - Volkswagen CEO Matthias Mueller strongly criticized Porsche's labor chief in German daily Heilbronner Stimme on Tuesday over public remarks about Audi's management, in a sign of growing tensions within the automotive group.

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Dollar recovers from 13-month low on strong PMI readings, Asia stocks subdued

SINGAPORE (Reuters) - The dollar crept up from a 13-month low on Tuesday after stronger-than-expected readings on U.S. factory and services activity ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued.

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Oil extends gains as OPEC moves to cap Nigeria output

TOKYO (Reuters) - Oil prices extended gains on Tuesday after OPEC moved to cap Nigerian oil output and Saudi Arabia pledged to limit exports next month to help rein in global oversupply.

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Qualcomm accuses tech group of 'misdirecting' trade regulators

(Reuters) - Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.

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'Pharma bro' Shkreli says he will not testify in securities fraud trial

(Reuters) - Martin Shkreli, the pharmaceutical entrepreneur vilified as the "pharma bro" for raising the price of a life-saving drug by 5,000 percent, said on Monday in federal court that he would not testify in his securities fraud trial.

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Exclusive: Goldman Sachs retreats from ETF lead market making

NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.

technologyNews reuters.com

Alphabet beats Wall Street estimates; revenue up 21 percent

(Reuters) - Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7 billion European Union fine by taking the entire charge at once.

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Alphabet profit slumps on record $2.7 billion EU fine

(Reuters) - Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU.

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Blue Apron shares surge on Wall Street's upbeat outlook

NEW YORK (Reuters) - Shares of Blue Apron Holdings Inc jumped as much as 20 percent on Monday, reversing some of their heavy losses from the past few weeks, after several brokerages initiated coverage of the meal-kit service with a bullish outlook.

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EU increases pressure on Facebook, Google and Twitter over user terms

BRUSSELS (Reuters) - European Union authorities have increased pressure on Facebook, Google and Twitter to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient.

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France ready to negotiate with Google on back taxes: minister

PARIS (Reuters) - France is ready to negotiate a deal with Google over back taxes, budget minister Gerald Darmanin told financial daily Les Echos.

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Alphabet appoints Google CEO Pichai to board

(Reuters) - Alphabet Inc said it appointed chief executive of its Google unit, Sundar Pichai, to its board.

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Jay-Z reigns Billboard chart, Linkin Park sales surge 461 percent

LOS ANGELES (Reuters) - Jay-Z ruled the Billboard 200 album chart for a second straight week with his confessional album "4:44," while California alt-rock band surged back into the Top 20 after the suicide last week of frontman Chester Bennington.

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Analyst slashes Chipotle stock target, casts doubt on menu price hikes

LOS ANGELES (Reuters) - Shares in Chipotle Mexican Grill Inc continued losing ground on Monday, after Credit Suisse chopped its price target by $100 and raised doubts about whether the burrito chain can raise menu prices to offset higher costs.

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Organic ranchers eye Amazon distribution ahead of Whole Foods deal

(Reuters) - Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting's organizer.

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Campaign group Avaaz calls on EU to block Bayer's Monsanto deal

BRUSSELS (Reuters) - Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices.

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BRIEF-Morningstar acquires 40 percent ownership stake in Sustainalytics

* Says announced that Morningstar has acquired a 40 percent ownership stake in Sustainalytics

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MOVES--Vanguard names BlackRock's Juan Manuel Hernandez as Mexico head

July 24 (Reuters) - Vanguard Group, the world's largest mutual fund manager, on Monday appointed BlackRock Inc's Juan Manuel Hernandez to spearhead its business in Mexico.

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UPDATE 2-Coke Femsa profit rises, says Heineken to end Brazil distribution

MEXICO CITY, July 24 (Reuters) - Mexico's Coca-Cola Femsa , the world's largest Coke bottler, said on Monday its second-quarter net profit rose 11.5 percent, boosted by higher revenue and growth in the company's South American operations.

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BRIEF-Sify Technologies Ltd says ‍net profit for quarter was INR 174 million, increase of 39%

* Nnet profit for quarter was INR 174 million, an increase of 39% over same quarter last year​

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U.S. home sales stumble as prices hit record high

WASHINGTON (Reuters) - U.S. home resales volumes fell more than expected in June as a dearth of properties pushed house prices to a record high.

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Wall Street opens flat as earnings season gathers pace

(Reuters) - U.S. stock indexes opened little changed on Monday, with the earnings of Google parent Alphabet in focus, and ahead of a two-day Federal Reserve meeting that kicks off on Tuesday.

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BRIEF-ITW reports second-quarter 2017 results

* Q2 earnings per share view $1.64 -- Thomson Reuters I/B/E/S

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North American strength helps Halliburton smash profit view

(Reuters) - Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

cnn.com

For National Tequila Day, the world's best tequila

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Hedge fund Elliott wants 'urgent' Akzo response over CEO concerns

LONDON (Reuters) - Hedge fund firm Elliott Management on Monday asked the board of Dutch paintmaker Akzo Nobel to urgently respond to its concerns about the nomination of a new chief executive.

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Exclusive: Spotify, Warner hope to clinch royalty deal by September - sources

LONDON (Reuters) - Music streaming company Spotify is close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S. stock market listing, four sources familiar with the situation said.

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Halliburton swings to quarterly profit

July 24 (Reuters) - Halliburton Co reported a quarterly profit compared with a year-ago loss, when the company took a $3.5 billion charge related to the termination of its deal with smaller rival Baker Hughes due to anti-trust hurdles.

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Samsung takes aim at TSMC with plans to triple chip foundry market share

YONGIN, SOUTH KOREA (Reuters) - Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the chips business.

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Democrats take aim at big companies in economic blueprint

WASHINGTON (Reuters) - U.S. Democrats are unveiling an economic platform on Monday that they call "A Better Deal" for working Americans by announcing plans to address unfair market competition, rising pharmaceutical costs and stagnant wages.

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KKR to pay $66.50 per share for WebMD: source

(Reuters) - Private equity company KKR & Co LLP will announce on Monday that it has agreed to pay $66.50 per share in cash to acquire U.S. online health publisher WebMD Health Corp , a person familiar with the matter said on Monday.

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After $50 billion deal spree, China's HNA sets out to clear ownership questions

(Reuters) - Privately-owned conglomerate HNA Group, one of China's most aggressive dealmakers, is shaking up its shareholding structure with a new, charitable foundation, part of efforts to quash long-standing concerns over its ownership.

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VEON board elects former Xerox CEO Ursula Burns as chairman

FRANKFURT (Reuters) - Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player.

cnn.com

Snooty, world's oldest captive manatee, dies

The world's oldest-known manatee in captivity, Snooty, has died in a tragic accident, the South Florida Museum says.

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BMW, VW and Daimler shares skid on EU probe of German carmakers

FRANKFURT (Reuters) - German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel.

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European banks struggle to solve toxic shipping debt problem

LONDON (Reuters) - Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.

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U.S. chicken processor profits fatten on cheap feed

CHICAGO (Reuters) - U.S. meat producers are earning some of the highest profit margins in more than a decade, a bright spot for investors in agriculture, where grain farmers and trading companies are struggling to make money after years of massive oversupply.

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Direct lending funds' fading all-weather appeal

NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets.

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U.S. venture capital's digital coin quandary: cash-rich startups

NEW YORK (Reuters) - U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money.

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Ebbing risk appetite grounds Asian stocks, dollar sulks as euro strengthens

SINGAPORE (Reuters) - Asian stocks slipped on Monday as demand for riskier assets ebbed after recent strong gains, while the euro's near-two-year high on the European Central Bank's seeming lack of concern about its strength left the dollar languishing near a 13-month low.

environmentNews reuters.com

Snooty, world's oldest known manatee, dies in aquarium accident

(Reuters) - Snooty, the world’s oldest known manatee in captivity, has died in an accident at a Florida aquarium just days after his 69th birthday, officials said on Sunday.

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Australian regulator investigating Takata airbag recall after death

SYDNEY (Reuters) - Australia's consumer watchdog said on Monday it was investigating the recall of Takata Corp vehicle airbags, a day after police said a man's death in a Sydney car crash could be linked to the faulty safety equipment.

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China's debt specter could haunt Fed's policy meetings

HONG KONG (Reuters) - In September 2015, the U.S. Federal Reserve cited risks from China as a key reason for delaying its first interest rate hike in a decade. A wall of Chinese debt maturing in the next few years could jolt the country back into the U.S. central bank's policy deliberations.

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Oil steady after fall ahead of OPEC/non-OPEC meeting

TOKYO (Reuters) - Oil prices were little changed on Monday following a steep fall in the previous session amid growing expectations that the joint OPEC and non-OPEC ministerial meeting later in the day would address rising production from Nigeria and Libya, two OPEC members exempted from the cuts.

sportsNews reuters.com

Horse racing: Arrogate, world's top-ranked horse, suffers shock defeat

(The Sports Xchange) - The horse racing world was turned upside-down when Arrogate, rated the top horse in the world and the all-time leading money winner among North American thoroughbreds, suffered one of the biggest upsets in thoroughbred history on Saturday at Del Mar, California.

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Federal Reserve now faces prospect of global monetary policy tightening

WASHINGTON (Reuters) - Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis.

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Exclusive: KKR nears deal to acquire WebMD - sources

(Reuters) - Private equity firm KKR & Co LLP is nearing an all-cash deal to acquire WebMD Health Corp , a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.

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BMW rejects media reports of emissions manipulations

FRANKFURT (Reuters) - German carmaker BMW on Sunday rejected media reports that the emissions treatment systems in its vehicles did not work effectively and that it colluded with rivals on their design and prices.

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Supreme Court ruling leads to offensive trademark requests

NEW YORK (Reuters) - A small group of companies and individuals are looking to register racially charged words and symbols for their products, including the N-word and a swastika, based on a U.S. Supreme Court decision on trademarks last month.

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U.S. Cuba tour operators gird for Trump travel crackdown

HAVANA/NEW YORK (Reuters) - U.S. tour operators that send Americans to Cuba are banding together to try to limit damage to business from tighter restrictions on travel to the communist-run island expected in September from the Trump administration.

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Spain looks at selling more of Bankia, economy minister says

BARCELONA, Spain (Reuters) - Spain will explore the possibility of selling a further stake in state-owned Bankia later this year, Economy Minister Luis de Guindos said in an interview with Spanish newspaper ABC on Sunday.

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Female stars call on BBC to 'act now' to close gender pay gap

LONDON (Reuters) - Some of the most high-profile female presenters at the BBC called on the head of Britain's public broadcaster on Sunday to "act now" to address a gender pay gap that sees it pay its top male star five times more than its best-paid female presenter.

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Blackstone in talks to buy 40 percent of Israel cyber firm NSO: report

TEL AVIV (Reuters) - Blackstone Group is in advanced talks to acquire 40 percent of Israeli cyber firm NSO Group for $400 million, Israel's Calcalist business newspaper reported on Sunday.

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World Bank orders Argentina to pay $320 million over seized airline: newspaper

BUENOS AIRES (Reuters) - The World Bank's arbitration tribunal has ordered Argentina to pay $320 million plus interest and legal fees to Spanish travel group Marsans for expropriating its airline Aerolineas Argentinas SA in 2008, a local newspaper reported on Saturday.

businessNews reuters.com

India's Delhi government tells Philip Morris to remove all ads

NEW DELHI (Reuters) - The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply.

businessNews reuters.com

Opel defends inclusion of employee leases in sales data

FRANKFURT (Reuters) - German carmaker Opel, which is being bought by French rival PSA Group from General Motors , said on Saturday that its sales figures included cars pre-registered by Opel and leased by company workers and pensioners and their families.

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Seat chief says sees CNG cars as possible diesel alternative: report

FRANKFURT (Reuters) - Carmaker Seat sees compressed-natural-gas (CNG) as an alternative fuel to diesel, the chief executive of the Spanish Volkswagen division said on Saturday.

businessNews reuters.com

EU's car regulator warns against car diesel ban in cities

BRUSSELS (Reuters) - Banning diesel cars in European cities could hamper automakers' ability to invest in zero-emission vehicles, the European Union's commissioner for industry has warned the bloc's transport ministers.

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Scaramucci awaits U.S. approval for China deal

NEW YORK (Reuters) - Anthony Scaramucci, the Trump administration's new communications director, has yet to get approval from U.S. regulators to sell his hedge fund firm to a group led by Chinese conglomerate HNA, according to a person familiar with the matter.

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Exclusive: U.S. weighs financial sanctions to hit Venezuela's oil revenue - sources

HOUSTON/WASHINGTON (Reuters) - The United States is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to a senior White House official and an adviser with direct knowledge of the discussions.

businessNews reuters.com

Deutsche Bank, JPMorgan to pay $148 million to end yen Libor cases in U.S.

NEW YORK (Reuters) - Deutsche Bank AG and JPMorgan Chase & Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

businessNews reuters.com

Small-cap rally could shrink on earnings, tax reform hurdles

NEW YORK (Reuters) - Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs.

businessNews reuters.com

Lemonheads owner Ferrara eyes Nestle's candy business: sources

(Reuters) - Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA's U.S. candy business, people familiar with the matter said on Friday.

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U.S. fines American Airlines, Delta, Frontier for violating consumer protection rules

WASHINGTON (Reuters) - The U.S. Transportation Department said on Friday has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the department’s airline consumer protection rules.

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U.S. seeks to drop criminal charges in 'London Whale' case

NEW YORK (Reuters) - U.S. prosecutors on Friday said they plan to drop criminal charges against two former JPMorgan Chase & Co derivatives traders over allegations they had a role in the "London Whale" trading scandal that caused $6.2 billion of losses.

companyNews reuters.com

BRIEF-Kao likely logged group operating profit of about 87 bln yen for six months ended June - Nikkei

* Kao likely logged a group operating profit of about 87 billion yen for the six months ended June - Nikkei

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U.S. lawyers suing Volkswagen get $300 million in fees, costs

WASHINGTON (Reuters) - A federal judge on Friday approved $125 million in fees and costs for lawyers who sued Volkswagen AG on behalf of U.S. owners of 88,000 3.0 liter diesel vehicles over excess emissions.

businessNews reuters.com

U.S. IPO market may struggle to finish 2017 on a high

(Reuters) - Underwhelming performances of Snap and Blue Apron since their high-profile market debuts, especially at a time when the U.S. stock market is hitting record highs, is an indication that the IPO market will not be as robust as expected this year.

businessNews reuters.com

India to quiz Philip Morris on marketing of Marlboro

NEW DELHI (Reuters) - India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday.

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Democrats in Congress urge review of Amazon's Whole Foods bid

WASHINGTON (Reuters) - A group of Democrats in Congress, in a letter this week, urged the Department of Justice and the Federal Trade Commission to conduct a more in-depth review of online retailer Amazon's plan to buy grocer Whole Foods.

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Alitalia gets some 10 non-binding offers for the airline: source

ROME (Reuters) - Struggling Italian airline has received about ten non-binding offers for the company, a source close to the matter said on Friday.

companyNews reuters.com

BRIEF-Dominion Energy Midstream declares quarterly cash distribution increase of 5 percent

* Dominion Energy Midstream declares quarterly cash distribution; increases distribution by 5 percent above first-quarter distribution

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Hedge fund stung by unusual ruling over Sprint-Clearwire deal

WILMINGTON, Del (Reuters) - A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced.

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Global pizza brands battle for Russia's far-flung regions

MOSCOW (Reuters) - Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better.

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Ford to petition to avoid recall of 2.2 million vehicles

WASHINGTON, (Reuters) - Ford Motor Co will petition to avoid an immediate recall of about 2.2 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said Friday.

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Freeport Indonesia mine workers extend strike for fourth month

JAKARTA/TORONTO (Reuters) - An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms.

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After false dawn, Big Oil to double down on cost cuts

LONDON (Reuters) - After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

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BRIEF-Osprey Energy Acquisition Corp units open 0.5 percent above IPO price in debut

* Osprey Energy Acquisition Corp units open at $10.05 on The NASDAQ versus IPO price of $10.00 per unit

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UPDATE 4-GE profit slumps; shares in 'limbo' as investors await new CEO's targets

* Shares down 4.6 pct in early trading (Adds detail about forecast, bullet points, and updates share price)

businessNews reuters.com

Honeywell beats profit estimates, raises full-year forecasts

(Reuters) - Honeywell International Inc reported a better-than-expected quarterly profit, as sales in its aerospace unit and the business that caters to the energy industry were not as bad as it had feared.

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UPDATE 2-Honeywell beats profit estimates, raises full-year forecasts

* Q2 revenue $10.08 bln vs est $9.89 bln (Adds details, background, shares)

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Bank of America picks Dublin as EU hub post Brexit

LONDON (Reuters) - Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday.

topNews reuters.com

GE profit falls 59 percent; cash flow up in quarter

(Reuters) - General Electric Co's profit fell nearly 60 percent in the second quarter, largely due to the sale of its appliances business, but cash flow rose, sales topped expectations and its shares were slightly lower.

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German automakers may have colluded over diesel emissions treatment systems: Spiegel

FRANKFURT (Reuters) - Germany's carmakers VW , BMW , Audi, Porsche may have colluded to fix the prices of diesel emissions treatment systems using industry committees, German magazine Der Spiegel reported on Friday.

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Wanted: Housewives to beat staff crunch at Japan's FamilyMart

TOKYO (Reuters) - Japan's second-largest convenience store chain hopes it has found an answer to its labor problems - housewives.

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MasterCard says $18 billion British class action lawsuit blocked

LONDON (Reuters) - A 14 billion pound ($18 billion) class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16-year period was blocked from proceeding by a judge, MasterCard said on Friday.

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GE quarterly revenue drops 12 percent; cash flow up on quarter

(Reuters) - General Electric Co reported a 12 percent drop in revenue for the second quarter, as weakness in its energy connections business offset strength in renewables and power units.

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Futures slightly lower on earnings from industrial giants

(Reuters) - U.S. stock index futures were slightly lower on Friday, but continued to hover around record levels, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell.