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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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US STOCKS SNAPSHOT-S&P hits record; Alphabet weighs on Nasdaq

July 25 (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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BRIEF-General Motors reports Q2 earnings per share from cont ops of $1.60

* Q2 adjusted earnings per share from continuing operations $1.89

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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.

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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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BRIEF-AK Steel reports Q2 2017 earnings per share of $0.19

* AK Steel announces financial results for second quarter 2017

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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.

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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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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-PulteGroup Q2 adjusted earnings per share $0.47

* Pultegroup inc - qtrly ‍home sale revenues increased 12% to $2.0 billion​

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BRIEF-Graphic Packaging Q2 adjusted earnings per share $0.15

* Graphic packaging holding company reports second quarter 2017 results

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BRIEF-CIT Q2 earnings per share $0.68 from cont. ops excluding items

* Q2 earnings per share $0.68 from continuing operations excluding items

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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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GLOBAL MARKETS-Cautious Fed bets keep dollar glum, stocks strong

* European stock markets buoyed by strong German, French data

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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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European stocks spring higher on reviving reflation trade

LONDON, July 25 (Reuters) - Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares in early deals on Tuesday.

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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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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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PRECIOUS-Gold edges lower on firmer dollar ahead of Fed meeting

BENGALURU, July 25 (Reuters) - Gold prices inched lower early Tuesday after hitting a one-month high in the previous session as the dollar firmed ahead of a U.S. Federal Reserve monetary policy meeting. FUNDAMENTALS * Spot gold fell 0.2 percent to $1,252.90 per ounce at 0050 GMT. It hit $1,258.79 an ounce in the previous session, it highest since June 23. * U.S. gold futures for August delivery fell 0.1 percent to $1,253.30 per ounce. * The U.S.

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

SINGAPORE, July 25 (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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BRIEF-Mullen Group reports Q2 earnings per share C$0.19

* Mullen Group Ltd. reports second quarter financial results including record trucking/logistics segment revenue

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BRIEF-Sarepta Therapeutics announces pricing of $325 mln public offering of common stock

* Sarepta Therapeutics announces pricing of $325 million public offering of common stock

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BRIEF-Core Lab reports qtrly earnings per share $0.52

* Core Laboratories NV - Q2 2017 revenue of $164 million , up 4% sequentially from its Q1 2017 revenue

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BRIEF-Southern Missouri Bancorp reports Q4 preliminary earnings per share $0.49

* Southern Missouri Bancorp reports preliminary results for fourth quarter of fiscal 2017; increases quarterly dividend by 10%, to $0.11 per common share; schedules conference call to discuss results for Tuesday, July 25 at 3:30 pm Central Time

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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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BRIEF-Potlatch Corp reports Q2 earnings per share $0.59

* Q2 revenue $163.2 million versus I/B/E/S view $150.9 million

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BRIEF-First Bank reports Q2 earnings per share $0.15

* First Bank reports second quarter 2017 net income of $2.0 million, an increase of 38% from 2016

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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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BRIEF-Enterprise Financial reports Q2 earnings per share $0.50

* Q2 earnings per share view $0.62 -- Thomson Reuters I/B/E/S

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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.

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BRIEF-HomeStreet reports qtrly earnings per share $0.41

* HomeStreet Inc - ‍Net interest income was $46.9 million in Q2 of 2017 compared with $45.7 million in Q1 of 2017 and $44.5 million in Q2 of 2016 - SEC Filing​

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CANADA STOCKS-TSX falls, weighed by Barrick and other gold miners

TORONTO, July 24 (Reuters) - Canada's main stock index fell on Monday, as gold miners broadly weighed and Barrick Gold Corp lost nearly 5 percent after a company it majority owns, Acacia Mining, was hit with a bill for $190 billion in unpaid taxes in Tanzania.

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BRIEF-Peoples Financial Services reports Q2 earnings per share $0.76

* Qtrly net interest income $16.1 million versus $15.3 million Source text: [http://bit.ly/2gXCLsb] Further company coverage:

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BRIEF-New Resource Bank reports Q2 earnings per share $0.07

* New Resource Bank reports profits increase in Q2 2017; earnings grow 28% quarter-over-quarter and 49% year-over-year

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BRIEF-NBT Bancorp Q2 earnings per share $0.49

* NBT Bancorp Inc announces net income of $21.4 million; declares cash dividend

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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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BRIEF-Repros Therapeutics says files for potential stock shelf offering - SEC filing‍​

* Repros Therapeutics Inc files for potential stock shelf offering of up to 4.5 million shares - SEC filing‍​ Source text: (http://bit.ly/2tvk5BY) Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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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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US STOCKS-Nasdaq hits record ahead of big tech earnings; Dow, S&P lag

* Hibbett Sports sales warning weighs on sporting goods retailers

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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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US STOCKS-S&P, Dow lower as J&J drags; Nasdaq hits record

* J&J lower as copy of rheumatoid arthritis drug goes on sale

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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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European stocks hit by autos inquiry, airlines price war fears

* Julius Baer jumps on biggest inflows since fin crisis (Updates with closing prices)

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BRIEF-Northwest Bancshares Inc. says Q2 earnings per share $0.30

* Northwest Bancshares Inc. Announces second quarter 2017 earnings and quarterly dividend

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US STOCKS-S&P, Dow lower as Johnson & Johnson drags

* Indexes down: Dow 0.32 pct, S&P 0.21 pct, Nasdaq 0.03 pct (Adds details, changes comment, updates prices)

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CANADA STOCKS-TSX dragged lower by banks, energy shares stem decline

OTTAWA, July 24 (Reuters) - Canada's main stock index fell broadly on Monday, dragged lower by declines in shares of the country's biggest banks, as well as a retreat in gold miners and retailers.

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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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MIDEAST STOCKS-Banks push Qatar higher, Mobily's loss dampens Saudi

DUBAI, July 24 (Reuters) - Banks pushed Qatar's stock market higher on Monday while Saudi Arabia's market edged down as telecommunications firm Mobily plunged in the wake of a bigger-than-expected quarterly loss.

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CANADA STOCKS-TSX falls in broad retreat led by big banks

TORONTO, July 24 (Reuters) - Canada's main stock index opened lower on Monday, hurt by slips for some of its biggest banks and gold miners and a broad retreat in consumer names.

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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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US STOCKS SNAPSHOT-Wall St opens flat as earnings season gathers pace

July 24 (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-Echelon reports Q2 earnings release date

* Echelon reports second quarter 2017 earnings release date Source text for Eikon: Further company coverage:

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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.

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BRIEF-ManpowerGroup Q2 earnings per share $1.72

* ManpowerGroup reports 2nd quarter and first half 2017 results

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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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BRIEF-Hasbro Inc reports Q2 earnings per share $0.53

* Qtrly net revenues for international segment $426.6 million, up 6 percent

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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.

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Stocks: 5 things to know

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EMERGING MARKETS-Polish zloty rebounds off 3-mth low, EM stocks at 27-mth high

LONDON, July 24 (Reuters) - The Polish zloty rebounded off three-month lows on Monday after the president said he would veto judiciary reforms, whilst emerging stocks rose to 27-month highs underpinned by a weak dollar and a benign growth outlook.

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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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Nikkei drops to more than 2-week lows on weak U.S. stocks, strong yen

* Topix on track to fall below 25-day moving average at market close for 1st time in 3 months

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BRIEF-IOT Group receives expressions of interest from U.S. retailers to stock Rova

* received expressions of interest from a number of large us retailers to stock Rova. Source text for Eikon: Further company coverage:

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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.

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

* Seeming lack of ECB concern over euro strength extends gains

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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.

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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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Venezuela congress going ahead despite 'imperial' threat: Maduro

CARACAS (Reuters) - Defying pressure from abroad and at home, Venezuela's President Nicolas Maduro said on Sunday that an election would go ahead next weekend for a controversial new congress his foes fear will institutionalize dictatorship.

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Maduro says Venezuela vote going ahead despite 'imperial' threat

CARACAS (Reuters) - Defying pressure from abroad and at home, Venezuela's President Nicolas Maduro said on Sunday that an election would go ahead next weekend for a controversial new congress his foes say will institutionalize dictatorship.

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Republican strategy on healthcare bill in flux ahead of vote

WASHINGTON (Reuters) - Republican Senate leaders aim to hold a procedural vote as early as Tuesday to take up legislation to repeal or replace Obamacare, but it remained unclear which version of the bill senators would vote on.

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RPT-Wall St Week Ahead-Small-cap rally could shrink on earnings, tax reform hurdles

NEW YORK, July 21 (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.

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Malaysia's PM Najib offers aid to palm oil farmers ahead of election

KUALA LUMPUR (Reuters) - Prime Minister Najib Razak gave cash handouts and offered debt waivers on Sunday to Malaysian palm oil farmers, a key voter base for the scandal-hit leader who is preparing to seek re-election.

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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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MIDEAST STOCKS-Amlak boosts Dubai, Qatar pulls back from near pre-crisis level

DUBAI, July 23 (Reuters) - Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

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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.

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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.

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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.

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Backing Qatar, Erdogan may have little room to maneuver in Gulf visit

ISTANBUL/ANKARA (Reuters) - Turkish President Tayyip Erdogan heads to the Gulf this weekend in an attempt to patch up the rift between Qatar and its neighbors, but the firm Qatari ally may find himself with little room to maneuver as a mediator.

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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.

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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.

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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.

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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.

PersonalFinance reuters.com

Global investors turn to stocks - canny bet or market top?: James Saft

With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities.

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BRIEF-First Bancshares Q2 earnings per share $0.26

* The First Bancshares, Inc. reports quarterly results and declares quarterly dividend

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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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COLUMN-Global investors turn to stocks - canny bet or market top?: James Saft

July 21 (Reuters) - With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities.

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BRIEF-Emclaire Financial posts qtrly earnings $0.48/shr

* Emclaire Financial Corp reports 11.9 pct increase in quarterly earnings

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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.

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BRIEF-TrustCo Bank Corp Q2 earnings per share $0.127

* TrustCo announces 17% increase in second quarter 2017 earnings

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Tour is 'mine to lose', says Froome ahead of decisive time trial

SALON-DE-PROVENCE, France (Reuters) - Only 22 km realistically stands between Chris Froome and a third consecutive Tour de France triumph but the British rider says he cannot rest easy.

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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.

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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.

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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.

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EMERGING MARKETS-Brazil stocks fall, dragged down by Petrobras

By Bruno Federowski SAO PAULO, July 21 (Reuters) - Brazilian stocks dropped on Friday as falling prices of crude oil and an increase in fuel taxes weighed on shares of state-controlled oil company Petróleo Brasileiro SA. Preferred shares in Petrobras, as the company is known, slipped 2.3 percent, subtracting the most points from Brazil's benchmark Bovespa stock index. The shares moved after the government raised the federal PIS/Cofins social contribution tax on gasoline, diesel i

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US STOCKS-Wall Street pares losses but GE-led industrials weigh

* S&P, Nasdaq on track to close higher for third straight week

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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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Wall St Week Ahead-Small-cap rally could shrink on earnings, tax reform hurdles

NEW YORK, July 21 (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.

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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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US STOCKS-Wall St retreats from record levels as GE disappoints

* S&P, Nasdaq on track to close higher for third straight week

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BRIEF-Bank of Commerce Holdings reports Q2 earnings per share $0.15

* Net interest income increased $958,000 to $10.2 million for Q2 of 2017 Source text for Eikon: Further company coverage:

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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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CANADA STOCKS-TSX declines as oil prices drag down energy sector

* All of TSX's 10 main groups trade lower (Adds details, share prices)

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CANADA STOCKS-TSX slips as oil prices weigh on energy sector

TORONTO, July 21 (Reuters) - Canada's main stock index slipped on Friday as weakness in oil prices weighed on energy shares, offsetting a gain in gold miners.

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US STOCKS SNAPSHOT-Wall St opens lower as tepid earnings weigh

July 21 (Reuters) - U.S. stock indexes opened lower on Friday, as industrial heavyweight General Electric's tepid results weighed on investor sentiments.

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BRIEF-1st Constitution Bancorp Q2 earnings per share $0.23

* 1St Constitution Bancorp reports second quarter 2017 results

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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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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.

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US STOCKS-Wall St set to open lower on tepid earnings

* Futures down: Dow 27 pts, S&P 0.5 pts, Nasdaq 13 pts (Adds details, comment, updates prices)

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BRIEF-UMH Properties prices public offering of 5,000,000 shares of 6.75pct series C cumulative redeemable preferred stock

* UMH Properties Inc prices public offering of 5,000,000 shares of 6.75pct series C cumulative redeemable preferred stock

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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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BRIEF-OFG Bancorp qtrly earnings per share $0.30

* OFG Bancorp qtrly net interest margin increased 8 basis points from Q1 2017 to 5.18 percent

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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.

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BRIEF-Autoliv Inc reports Q2 adjusted earnings per share $1.44

* Autoliv Inc qtrly operating income $216.4 versus $212.7 million in Q2 2016

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UK sidelined as Europe looks beyond Brexit in aerospace

PARIS (Reuters) - Britain risks losing clout in the aerospace industry, one of its largest skilled employers, due to concerns over its departure from the European Union, a corporate overhaul at Airbus and a new Franco-German push on defense, industry insiders say.

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BRIEF-Azurrx Biopharma Inc files for offering of 5.9 million shares of common stock

* Azurrx Biopharma Inc files for offering of 5.9 million shares of common stock by the selling stockholders Source text: (http://bit.ly/2uhef9X) Further company coverage:

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Audi to recall 850,000 diesel cars to update emissions software

FRANKFURT (Reuters) - Luxury car maker Audi has launched a recall for up to 850,000 diesel-fueled cars to update vehicle software controlling emissions in a bid to avoid potential driving bans, it said on Friday.

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French banks could create 1,000 jobs in Paris post-Brexit: lobby

PARIS (Reuters) - French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation.

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Show and sell: shift in global ad spending boosts events firms

BENGALURU (Reuters) - Organizers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers.

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UPDATE 1-European shares flat as earnings fail to shake euro gloom

* Paysafe surges on 2.86 billion pound bid (Updates with price moves)

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GLOBAL MARKETS-Euro surge to two-year high prompts stocks pause

LONDON, July 21 (Reuters) - The euro’s surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped.

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European shares edge down as euro continues to weigh, earnings in focus

LONDON, July 21 (Reuters) - European shares edged down on Friday as a fresh flow of corporate earnings failed to change the mood of the previous session, dragged down by the European Central Bank's policy meeting, which pushed the euro close to a two-year high.

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AstraZeneca CEO reassures staff, aims to be at September cancer meet

LONDON (Reuters) - AstraZeneca Chief Executive Pascal Soriot, responding to rumors he might leave the drugmaker to join rival Teva Pharmaceutical Industries, has told staff he expects to work "together" with employees to see the company succeed.

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Siemens to exit Russian power-plant JV Interautomatika

FRANKFURT (Reuters) - German industrial group Siemens will exit its Russian power-plant joint venture Interautomatika in light of a scandal that saw four gas turbines it sold for use in Russia turn up in Crimea, a region subject to EU sanctions, it said on Friday.

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Chinese courier ZTO sued for "untrue statements" in $1.4 billion U.S. IPO

SHANGHAI (Reuters) - Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering.

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BRIEF-HMN financial Q2 earnings per share $0.21

* Net interest income was $6.5 million for q2 of 2017, a decrease of $0.3 million

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Euro at two-year high, Asian shares barely budge

TOKYO (Reuters) - The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs.

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U.S. attempt to limit Wall Street bonuses fizzles out quietly

WASHINGTON (Reuters) - The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives.

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Exclusive: U.S. toughens stance on foreign deals in blow to China's buying spree

(Reuters) - A secretive U.S. government panel has objected to at least nine acquisitions of U.S. companies by foreign buyers so far this year, people familiar with the matter said, a historically high number that bodes poorly for China's overseas buying spree.

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BRIEF-Washingtonfirst Bankshares Q2 core earnings per share $0.42

* Washingtonfirst Bankshares Inc reports 21% increase in net income and 29% increase in core net income for the second quarter 2017

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BRIEF-Iberiabank Corporation Q2 earnings per share $0.99

* Q2 earnings per share view $1.12 -- Thomson Reuters I/B/E/S

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UPDATE 2-Visa beats profit estimates, lifts earnings forecast

July 20 (Reuters) - Visa Inc, the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its annual earnings forecast, as more people across the United States and Europe used its payments network.

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Tech group sides with Apple in Qualcomm's iPhone ban dispute

(Reuters) - A group representing major technology companies has aligned itself against Qualcomm Inc in its legal dispute with Apple Inc by calling on regulators to reject Qualcomm's bid to ban the import of iPhones.

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BRIEF-Republic First Bancorp reports Q2 earnings per share $0.04

* Republic First Bancorp, Inc. Reports second quarter financial results

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BRIEF-Western Alliance Bancorp qtrly earnings per share $0.76

* Net interest income was $192.7 million in Q2 2017, increase of $29.1 million Source text: (http://bit.ly/2uGBXwW) Further company coverage:

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Chipotle shares fall on Norovirus, rodent incidents

BOSTON (Reuters) - Chipotle Mexican Grill Inc shares fell 4.5 percent on Thursday after testing confirmed Norovirus in a customer who ate at the one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral.

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Ex-Akebia employee faces losing bail in insider trading case

BOSTON (Reuters) - A former Akebia Therapeutics Inc employee accused of insider trading faced the growing possibility of having his bail revoked as a U.S. prosecutor argued on Thursday that he posed a flight risk and was growing "increasingly unhinged."

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FTC probing allegations of Amazon's deceptive discounting

WASHINGTON (Reuters) - As part of its review of Amazon's agreement to buy Whole Foods , the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe.

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CANADA STOCKS-TSX edges up to 3-week high, boosted by Rogers

TORONTO, July 20 (Reuters) - Canada's main stock index edged up on Thursday to a three-week high, boosted by a bump in shares of Rogers Communications Inc after it beat earnings expectations, while energy shares lost ground as oil prices fell.

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BRIEF-Home Federal Bancorp Inc of Louisiana reports quarterly earnings per share $0.57

* Home Federal Bancorp, Inc. of Louisiana reports results of operations for the three months and year ended June 30, 2017

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BRIEF-BB&T Corp says entered into accelerated share repurchase agreement to repurchase $920 mln of BB&T's common stock - SEC Filing

* BB&T Corp - On July 20, co entered into accelerated share repurchase agreement to repurchase $920 million of BB&T's common stock - SEC Filing

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BRIEF-Resources Connection Q4 earnings per share $0.15

* Resources Connection Inc reports fourth quarter and year-end results for fiscal 2017

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Delta proceeds with New York's LaGuardia $4 billion project without Goldman

NEW YORK (Reuters) - Transportation officials on Thursday approved a revised $4 billion plan from Delta Air Lines to renovate its terminal at New York's LaGuardia Airport after Goldman, Sachs & Co , a financial partner in the project, exited the deal.

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BRIEF-American National Bankshares Q2 earnings per share $0.49

* American National Bankshares Inc reports second quarter 2017 earnings

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BRIEF-Manhattan Associates Q2 GAAP earnings per share $0.45

* Manhattan Associates reports second quarter 2017 performance

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BRIEF-Equity Bancshares reports Q2 earnings per share $0.51

* Equity Bancshares, Inc. reports record second quarter and record year-to-date 2017 results

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Microsoft profit beats on strong cloud demand

(Reuters) - Microsoft Corp reported a better-than-expected quarterly profit and revenue, helped by a strong performance in its fast-growing cloud business.

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Visa beats profit estimates, raises earnings forecast

(Reuters) - Visa Inc , the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its full-year earnings forecast, as more people made payments using its network.

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UAW 'talking' to GM about impact of car sales slump on U.S. jobs

(Reuters) - The president of the United Auto Workers union expressed concern on Thursday about the impact of slumping U.S. car sales at General Motors Co on auto plants and jobs.

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Trump unveils companies' $500 million U.S. drug packaging project

WASHINGTON (Reuters) - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.

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Snap under pressure as Wall Street eyes share lock-up expirations

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.

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Trump administration's NAFTA demands make sense: Union Pacific CEO

DETROIT (Reuters) - The list of priorities U.S. Trade Representative Robert Lighthizer released this week for the renegotiation of NAFTA with Mexico and Canada is reasonable and in line with what the Trump administration has promised to focus on, the head of America's largest railroad said on Thursday.

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BRIEF-Citizens First Corp reports Q2 earnings per share $0.43

* Citizens First Corporation announces second quarter 2017 results and completion of preferred stock redemption

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EU examines emissions collusion by German car makers: Handelsblatt

BERLIN (Reuters) - The European Commission is examining whether German automakers colluded in systems they used to clean exhaust emissions as part of investigations triggered by the Volkswagen scandal, the Handelsblatt daily reported on Thursday.

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Benetton family seeks to make Ducati motorbikes Italian: sources

LONDON/FRANKFURT/MILAN (Reuters) - Italy's Benetton family is vying with motorbike firms and buyout funds for control of Italian motorcycle brand Ducati, which is being sold by Germany's Volkswagen , sources involved in the process told Reuters.

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BRIEF-Penns Woods Bancorp reports second quarter 2017 earnings

* Penns Woods Bancorp, Inc. reports second quarter 2017 earnings

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Citigroup, Deutsche Bank beef up Frankfurt presence in Brexit response

LONDON/FRANKFURT (Reuters) - Two global banks, Citigroup and Deutsche Bank , are beefing up their presence in Frankfurt to deal with the impact of Britain leaving the European Union.

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BRIEF-Clubcorp says qtrly earnings per share $0.01

* Clubcorp reports thirteenth consecutive quarter of revenue growth

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BRIEF-Fidelity Southern reports Q2 earnings per share $0.33

* Fidelity Southern Corporation reports earnings for second quarter of $8.9 million

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Bombardier wins dismissal of Comerica aircraft payments lawsuit

NEW YORK (Reuters) - Bombardier Inc has won the dismissal of a U.S. lawsuit in which Comerica Inc sought millions of dollars after the Canadian aircraft maker was unable to find buyers for four planes whose leases had expired.

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UAW head believes U.S. Nissan workers would vote for union now

DETROIT (Reuters) - United Auto Workers president Dennis Williams said on Thursday he feels "very strongly" that if Nissan Motor Co Ltd workers at the automaker's plant in Canton, Mississippi voted now, they would vote in favor of union representation.