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  • Aug 2- Delta Air Lines Inc is on track to halt its months-long decline in unit revenue and increase the measure by the end of 2016 or the first part of next year, Chief Executive Ed Bastian said Tuesday in an interview on CNBC. Delta said earlier on Tuesday that passenger unit revenue, which compares sales to flight capacity, fell 7 percent in July, pushing the stock of...

  • stocks fall@ SAO PAULO, Aug 2- Most Latin American currencies strengthened on Tuesday as prices of commodities rebounded and weak inflation data boosted hopes that U.S. rates will take longer to rise. Brazil's Bovespa stock index fell 1.3 percent, pressured by shares of Cielo SA. Brazil's No. 1 credit card processor posted a slightly higher-than-expected profit...

  • *Shares fall 9 percent to record low of 5.24 euros. Commerzbank's caution follows market concern about its capital position after last week's European Union bank stress tests and shares in Germany's second biggest bank fell 9 percent to a record low of 5.24 euros. The bank, which at that price has a market capitalisation of only 6.6 billion euros, came out near the...

  • TAIPEI, Aug 2- Taiwan stocks fell on Tuesday in line with some other Asian markets, paced by declines in banks and technology shares. Cathay Financial Holding Co Ltd, parent of Taiwan's biggest life insurer, shed 0.6 percent. The Taiwan dollar firmed T $0.001 to T $31.639 per U.S. dollar, on track to its highest intraday level since last August.

  • Tenet also said it had reached an agreement in principle with the U.S. Department of Justice to pay $514 million to settle the previously disclosed investigation into alleged kickbacks for referring primarily undocumented pregnant Hispanic women for labor and delivery services at four of its hospitals in Georgia and South Carolina.

  • SAO PAULO, Aug 1- Latin American stocks were mostly down on Monday after a dip in oil prices weighed on indices across the region. Brazil's country's benchmark Bovespa stock index slipped 0.96 percent as lower crude prices hit shares of state-controlled oil company Petroleo Brasileiro SA. Brazil's central bank decision to intervene once again after standing...

  • The third-largest U.S. for-profit hospital chain cited an agreement in principle with the U.S. government to settle, for $514 million, the previously disclosed probe into services provided to Hispanic patients referred to its hospitals. The company reported a net loss from continuing operations of $44 million, or 44 cents a share, compared with a net loss of $60...

  • Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk...

  • *Tesla offers 0.110 of its shares per SolarCity share. Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share,...

  • Aug 1- SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that...

  • Aug 1- Verizon Communications Inc said on Monday it would buy GPS vehicle tracking firm Fleetmatics Group Plc for about $2.4 billion in cash to bolster its expansion into the connected vehicle and fleet management market. Shares in Fleetmatics soared 39 percent to $59.60 while Verizon dipped 0.7 percent to $55.01. Fleetmatics, with North American...

  • Aug 1- A federal judge has thrown out a verdict requiring Apple Inc to pay VirnetX Holding Corp $625.6 million for infringing four patents relating to Internet security technology, causing VirnetX's share price to plunge. VirnetX shares were down $1.93, or 44.6 percent, at $2.40 in Monday morning trading, after earlier falling to $2.14. District Judge Robert...

  • Aug 1- Verizon Communications Inc said it would buy GPS vehicle tracking company Fleetmatics Group Plc for about $2.4 billion in cash to expand into the connected vehicle and fleet management market. Shares in Fleetmatics soared 39 percent to $59.69 while Verizon dipped 0.1 percent at $55.37. Fleetmatics, which has its North American headquarters in Waltham,...

  • RIO DE JANEIRO, July 29- Ambev SA, a subsidiary of beverage company Anheuser Busch Inbev SA, missed quarterly profit estimates and gave up on expanding sales in Brazil this year, sending its shares to their lowest point in nearly seven months. The company is likely to struggle for the next two quarters as Brazil grapples with its worst recession in eight decades,...

  • July 29- Wall Street turned positive in afternoon trading on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month, as gains in Alphabet and Amazon more than made up for losses in energy shares. Shares of Google's parent, Alphabet, rose 4.8 percent to $802.4, a day after the company posted strong quarterly revenue, while online...

  • InBev SABMiller

    The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said.

  • "The results are further indications that the leaders in their respective spaces are taking market shares and it is very much a microcosm of the internet as a whole," Benchmark Company analyst Daniel Kurnos told Reuters. Alphabet's Class A shares rose 4.9 percent in early trading on Friday, boosting the company's market value by about $23 billion to $542 billion.

  • LONDON, July 29- A corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 8 percent. Staley in March set out a strategy to simplify the bank's structure and seek higher shareholder returns through the sale of the bulk...

  • United Parcel Service (UPS) employee Eric Brooks scans a package while making a delivery in Washington, D.C.

    United Parcel Service reported quarterly earnings and revenue that met analysts' expectations on Friday.

  • July 29- Seres Therapeutics Inc said its experimental drug for preventing a bacterial infection of the large intestine missed the main goal in a mid-stage study, sending its shares down 74 percent in premarket trading. Analysts from HC Wainwright& Co had previously said they expected SER-109 to potentially generate about $500 million in worldwide sales in...