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  • SYDNEY, Aug 1- Asian shares were mostly under water on Friday after a sudden slump on Wall Street spilled over globally, though a surprisingly strong pick up in manufacturing helped Chinese markets hold at seven-month highs.

  • GM boosted June sales with discounts to dealers Friday, 1 Aug 2014 | 2:01 AM ET

    As General Motors prepares to report monthly sales results on Friday, a look its numbers from June show just how intent the company is on keeping new-car sales on the rise during a record spate of safety recalls. The Detroit automaker has recalled nearly 30 million cars and trucks this year, including some models that had barely rolled off the assembly line.

  • *India derails global trade talks over food security objections. *Bloc of member states could exclude India and forge ahead.

  • MOSCOW, Aug 1- Russia's largest lenders, Sberbank and VTB, are likely to lead a decline in Moscow shares on Friday after being hit by sanctions, with a slump in U.S. markets on global economy concerns and tensions with Russia also weighing.

  • DETROIT, Aug 1- The U.S. auto industry hasn't appeared so healthy for years. And yet, a minority on Wall Street and in the autos business are seeing reasons to be wary. Among those seeing a glass half empty is Morgan Stanley auto analyst Adam Jonas who says we may be heading towards what he terms "peak auto."

  • *Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, Aug 1- U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground. "As long as we have job growth going in the right direction and the labor market tightening up, we are still in a good place," said Robert Dye, chief economist at Comerica in Dallas.

  • Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.

  • SINGAPORE, Aug 1- Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. U.S. crude futures for September delivery fell 16 cents to $98.01 a barrel, following a 6.8 percent decline last month, the biggest monthly loss since May 2012.

  • Asia stocks dip on Dow drop, China data cuts loss Friday, 1 Aug 2014 | 12:15 AM ET

    HONG KONG— Most Asian stock markets dipped on Friday following a big sell-off on Wall Street but losses were limited by optimistic reports on China's economy. KEEPING SCORE: Japan's benchmark Nikkei 225 index dropped 0.6 percent to 15,528.72 and Hong Kong's Hang Seng fell 0.5 percent to 24,623.81.

  • Solid US job gains expected for 6th straight month Friday, 1 Aug 2014 | 12:02 AM ET

    WASHINGTON— With a host of reports this week pointing to a healthier U.S. economy, analysts expect Friday's monthly jobs report to send a similar message. Economists predict that the government will say employers added 225,000 jobs in July, according to a survey by data provider FactSet. The Labor Department will issue the jobs report at 8:30 a.m. Eastern time.

  • SINGAPORE, Aug 1- Brent crude held near $106 a barrel on Friday as ample supply continued to drag on prices a day after the benchmark posted its worst monthly performance since April 2013. U.S. crude futures for September delivery fell 13 cents to $98.04 a barrel, following a 6.8 percent decline last month, the biggest monthly loss since May 2012.

  • SYDNEY/ GENEVA Aug 1- Several member states of the World Trade Organization voiced frustration after India's demands for concessions on agricultural stockpiling led to the collapse of the first major global trade reform pact in two decades.

  • FAA places new restrictions on flights over Iraq Thursday, 31 Jul 2014 | 10:24 PM ET

    WASHINGTON— The Federal Aviation Administration is restricting U.S. airlines from flying at or below 30,000 feet over Iraq because of what it calls "the potentially hazardous situation created by the armed conflict" there. Iraq also has been in turmoil as militants have fought government forces.

  • SYDNEY, Aug 1- Asian shares pared losses on Friday as data showing a surprisingly strong pick up in Chinese manufacturing helped take some of the sting out of a slump on Wall Street.

  • Congress votes final passage on highway bill Thursday, 31 Jul 2014 | 9:07 PM ET

    WASHINGTON— Congress gave final approval Thursday to a $10.8 billion bill to keep federal highway funds flowing to states through the summer construction season and the fall elections. The Senate passed the House-written bill on an 81-13 vote after rejecting it earlier this week.

  • Congress sends VA overhaul to White House Thursday, 31 Jul 2014 | 8:44 PM ET

    WASHINGTON— Congress passed a landmark bill Thursday to help veterans avoid long waits for health care and fix other problems at the Department of Veterans Affairs. A 91-3 vote in the Senate sent the $16.3 billion measure to President Barack Obama for his signature. Tom Coburn of Oklahoma, Bob Corker of Tennessee and Jeff Sessions of Alabama.

  • *CVR Refining said on Thursday that its 115,000- barrel-per-day Coffeyville, Kansas, refinery, which is a major consumer of West Texas Intermediate crude, could be down four weeks after a July 29 fire in the facility's isomerization unit.

  • *Gold melts to a 6- week low, oil hits 4- month trough. SYDNEY, Aug 1- Asian shares stumbled on Friday after a month-end swoon on Wall Street, though some were hoping China would offer better news on manufacturing and help steady investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent.

  • The SEC's Office of Inspector General started the investigation after Reuters published information about the regulator's decision, taken in a closed-door meeting on Sept. 12, 2013, to settle its probe into JPMorgan Chase& Co's massive London Whale trading loss. The SEC made its decision public on Sept. 19, 2013.

  • LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.