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  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. Net sales which is minus taxes also fell 5 percent to $6.63 billion as the average cost of iron ore for delivery...

  • Now his company, Oracle, will spend $9.3 billion to acquire cloud upstart NetSuite. NetSuite is just the latest cloud acquisition by Oracle, and its biggest splurge in more than a decade. NetSuite, which was founded by a former Oracle executive, makes business software that runs in NetSuite's "cloud," or its own data centers, rather than on its customers' computers.

  • Ray Dalio, Bridgewater Associates

    Billionaire Ray Dalio's hedge fund responds to a New York Times story that reported a culture of "fear and intimidation."

  • July 28- Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market. Netsuite shares rose 18.6 percent to $108.64 in premarket trading, just shy of the offer price of $109 per share. Oracle shares were up 1.6 percent at $41.6 in premarket trading.

  • July 28- TransCanada Corp, Canada's second-largest pipeline company, reported a 14.9 percent decline in quarterly profit due to costs related to its acquisition of Columbia Pipeline Group. Net income attributable to the company's common shares fell to C $365 million, or 52 Canadian cents per share, in the second quarter ended June 30 from C $429 million, or 60...

  • MADRID— Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs. Repsol S.A. said Thursday its profits totaled 205 million euros in April through June, against 292 million euros for the period in 2015.. Repsol shares fell 0.7 percent at...

  • LONDON, July 28- European shares retreated on Thursday, weighed down by some weak corporate updates out from the likes of Dialog Semiconductor and oil major Royal Dutch Shell. Shares in British bank Lloyds also fell 3.4 percent after Lloyds warned of a likely drop in demand caused by Britain's vote to quit the European Union and added it would accelerate its...

  • NEW YORK— Stocks had another day of meager gains on Thursday as investors worked through a new batch of mixed company earnings, including results from Facebook, Ford and Whole Foods. Cautious investors are looking ahead to a meeting of the Bank of Japan on Friday which is expected to result in an announcement of more stimulus for the world's third-largest...

  • LONDON _ Noble Corp. on Wednesday reported second-quarter earnings of $322.9 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Noble Corp. shares have declined 30 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 6 percent.

  • July 27- Whole Foods Market Inc on Wednesday forecast current quarter earnings below Wall Street's estimate, sending its shares down about 2 percent in after-hours trading. The nation's largest natural and organic grocery chain forecast fiscal fourth-quarter earnings of 23 cents to 24 cents per share, below analysts' average profit estimate of 25 cents,...

  • July 27- Whole Foods Market Inc on Wednesday said sales at established stores declined for the fourth straight quarter, sending its shares down almost 5 percent in extended trading. Same-store sales for the third quarter ended July 3 fell 2.6 percent from a year earlier. Shares of Whole Foods slipped 4.9 percent to $32.01 in after-hours trading, and remained off...

  • Shares of the company, in which Deutsche Telekom holds a majority stake, rose as much as 2 percent to a nine-year high of $45.87 in morning trading on Wednesday. Under Chief Executive John Legere, T-Mobile has rolled out offers including free data for its users who play the popular smartphone game "Pokemon Go," its free video streaming service "BingeOn" and "T-Mobile...

  • NEW YORK— Shares of drug developer Kadmon Holdings tumbled Wednesday after its initial public offering priced far below the company's estimates. Kadmon Holdings Inc. shares closed down $2.30, or 19 percent, at $9.70. Kadmon was founded in 2010 by Samuel Waksal, who was its chairman and CEO while it was a private company, and its current president and CEO is his...

  • AKRON, Ohio— Shares of Goodyear Tire& Rubber Co. jumped almost 4 percent Wednesday after it reported improved second quarter earnings, thanks to lower income tax expenses and increased demand for its higher-end tires. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Goodyear shares rose $1.07, or...

  • Brian Roberts, chairman and chief executive officer of Comcast Corp.

    Comcast CEO Brian Roberts says an uptick in ad sales and the lowest net loss of video customers in a decade are good signs for TV.

  • July 27- Wall Street gave up early gains after disappointing earnings from Coca-Cola and weak oil prices offset a boost from Apple. However, Apple shares rose 6.7 percent to $103.09 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. "The Fed clearly will not raise interest rates," said Chris...

  • Shares of the company, in which Deutsche Telekom holds a majority stake, rose as much as 2 percent to a nine-year high of $45.87 in morning trading on Wednesday. Under Chief Executive John Legere, T-Mobile has rolled out offers including free data for its users who play the popular smartphone game "Pokemon Go," its free video streaming service "BingeOn" and weekly...

  • NEW YORK— Shares of CGI Group traded higher Wednesday after the Canadian information technology and business process service company reported a jump in bookings and its backlog grew during its third quarter. According to Zacks Investment Research, analysts expected net income of 70 cents per share on $2.14 billion in revenue. Class A shares of CGI Group Inc....

  • TORONTO, July 27- Canada's main stock index rose on Wednesday as gold miners and other resource issues gained and investors bought shares of companies that reported stronger-than-expected results. But Toronto Star publisher Torstar Corp fell 3.6 percent to C $1.60 after reporting a wider loss and cutting their dividend. At 10:07 a.m. EDT, the Toronto Stock...

  • NEW YORK, July 27- Boeing Co on Wednesday reported a smaller-than-expected loss, sending its shares up 3 percent in early trading. "The Street's looking positively on the results because the loss was less than anticipated," said Jeff Windau, an analyst at Edward Jones in St. Louis. Shares rose as high as $139.39 before easing to $137.53, up 2 percent on the New York Stock...