*Beijing wants to stop companies mixing in imported fibre. BEIJING, Dec 10- Two more Chinese cotton processors have been barred from selling to the state stockpiler as Beijing intensifies a crackdown on firms suspected of mixing in imported fibre to profit from cheaper overseas supplies.» Read More
The FDA declined to give an explanation for its unusual last-minute cancellation. Merck said the FDA needs additional time to assess the results of its recently completed inspection of a clinical trial site that was involved in a study of whether the drug increases the risk of allergic reactions.
July 16- Freddie Mac on Tuesday announced a new bond that sells off some of the default risk of its residential mortgage holdings to private investors willing to gamble on its pool of loans.
*Boeing shares close 1.4 percent lower. *Honeywell beacon and battery eyed in probe. LONDON/ WASHINGTON- British investigators said on Tuesday said they were looking at a number of components, including a transmitter made by U.S. firm Honeywell, as they searched for the source of a fire on a Boeing 787 Dreamliner in London last week.
*NLRB at heart of battle over Senate rules.
BUENOS AIRES, July 16- U.S. oil company Chevron signed an agreement with Argentina's YPF on Tuesday to invest $1.24 billion in the vast Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the western hemisphere.
Corn and soybean futures rallied on the Chicago Board of Trade as weather forecasts indicated drier conditions for grains planted in the U.S.
WASHINGTON, July 16- The Obama administration on Tuesday defended a decision to award outsourcing company Serco Inc a $1.25 billion contract to help implement new online health insurance exchanges after word the contractor's parent company was under investigation in Britain.
SAN FRANCISCO, July 16- Yahoo Inc trimmed its outlook for 2013 revenue on Tuesday after reporting ongoing reductions in display advertising sales volume and prices in the second quarter, signs that CEO Marissa Mayer's attempts to revive the struggling Internet giant may not produce results in a timely fashion.
President Barack Obama' s new nominees to the National Labor Relations Board will be two veteran labor lawyers, Nancy Schiffer and Kent Hirozawa, a senior Democratic aide said on Tuesday. Obama will nominate the pair to replace two nominees that he has agreed to withdraw as part of a bipartisan agreement reached by U.S. senators earlier in the day.
July 16- CSX Corp beat Wall Street's profit estimates as the U.S. railroad company benefited from growth in merchandise and intermodal shipments that more than offset a drop in coal volumes.
July 16- HCA Holdings Inc, the largest U.S. for-profit hospital operator, said on Tuesday that second-quarter patient admissions rose more than 1 percent, boosting revenue and profit and pushing up shares in the sector.
*Goldman Sachs profit doubles, helped by bond trading. *Yahoo shares edge down after the bell. NEW YORK, July 16- The S&P 500 snapped its eight-day winning streak on Tuesday after disappointing sales from Coca-Cola, while investors turned cautious on the day before the Federal Reserve chairman's congressional testimony.
Lundbeck is developing the drug jointly with Japan's Otsuka to treat Alzheimer's, a degenerative brain disease that causes progressive memory loss. It has said the drug could have the potential to generate sales in the United States of over $1 billion per year, a level that is considered blockbuster for a drug.
SAN FRANCISCO, July 16- Yahoo Inc's second-quarter net revenue was down slightly at $1.071 billion, as the Internet company posted adjusted profit that was ahead of Wall Street targets. Shares of Yahoo, which have gained about 70 percent since Chief Executive Marissa Mayer took the helm a year ago, were down 2 percent at $26.30 in after-hours trading on Tuesday.
*Microsoft says last week's reports had inaccuracies. SEATTLE, July 16- Microsoft Corp said on Tuesday it has written to the U.S.
LOS ANGELES, July 16- Shares of DreamWorks Animation SKG fell 6 percent on Tuesday as industry projections suggested its new movie, "Turbo," the story of a super-fast snail, could open at a slower pace than many of the studio's recent hits.
SAN FRANCISCO, July 16- A secret court overseeing U.S. government domestic surveillance activities has sided with Yahoo Inc and ordered the Obama administration to declassify and publish a 2008 court decision justifying Prism, the data collection program revealed last month by former security contractor Edward Snowden.
WASHINGTON, July 16- A U.S. industry group accused China on Tuesday of jeopardizing international negotiations to eliminate tariffs on close to 260 technology products by asking to exclude more than 100 of the products from the proposed deal to protect domestic manufacturers.
NEW YORK, July 16- U.S. stocks eased in low volume on Tuesday, with the S&P 500 snapping its eight-day winning streak after disappointing sales from Coca-Cola. Investors turned cautious on the day before the Federal Reserve chairman's congressional testimony. The Nasdaq Composite Index was down 8.99 points, or 0.25 percent, to close unofficially at 3,598.50.
KANSAS CITY, Mo., July 16- The Federal Reserve should start cutting its massive bond-buying program in September and bring it to an end in the first half of next year, the hawkish president of the Kansas City Federal Reserve Bank said on Tuesday.