Six companies went began trading Thursday, including hotelier Hilton Worldwide Holdings Inc., which raised $2.35 billion, and cafeteria and concession stand operator Aramark Holdings Corp., which raised $725 million. The company, which is based in Norcross, Ga., raised $142.1 million, pricing 10.5 million shares at $13.50 each.» Read More
LONDON, July 19- GlaxoSmithKline has sent its head of emerging markets to China to lead the drugmaker's response to an unfolding crisis over alleged bribery and corruption, a person familiar with the situation said on Friday.
July 19- General Electric Co reported a fall in second-quarter profit, hurt by lower demand for power and water products. Operating earnings fell to $3.69 billion, or 36 cents per share, for the quarter ended June 30, from $4.01 billion, or 38 cents per share, a year earlier. Revenue fell 4 percent to $35.1 billion.
*Credit Suisse upgrades rating on continental Europe. LONDON, July 19- European shares slipped on Friday with specialist chemical storage group Vopak slumping after cutting its outlook, as opinions were divided on whether this month's equity rally was running out of steam.
CHICAGO, July 19- Whirlpool Corp posted a stronger-than-expected jump in quarterly profit on Friday and raised its full-year outlook, citing sales gains in every market it operates, including Europe and North America.
July 19- Baker Hughes Inc, the world's third-largest oilfield services provider, reported a lower-than-expected second-quarter profit due mainly to weak margins in North America.
July 19- Schlumberger Ltd, the world's largest oilfield services company, posted a better-than-expected profit for the seventh quarter as drilling activity outside North America touched a 30- year high. Schlumberger shares rose 2 percent to $80 in trading before the bell on Friday.
LONDON/ MOSCOW, July 19- The G20 backed a "fundamental" rethink of the rules on taxing multinational corporations on Friday, taking aim at loopholes used by companies such as Apple and Google to avoid billions of dollars in taxes.
LONDON, July 19- Gold edged up on Friday and was on track for its second weekly gain, boosted by a slightly softer dollar following assurances from the U.S.
*China to achieve 7.5 pct growth target this yr- poll. Putting pressure on prices are worries about the outlook for demand from China, which makes up 40 percent of global copper requirement.
July 19- Baker Hughes Inc, the world's third-largest oilfield services provider, reported a 45 percent fall in second-quarter profit due mainly to weak margins in North America. Net income attributable to Baker Hughes fell to $240 million, or 54 cents per share, for the quarter ended June 30, from $439 million, or $1.00 per share, a year earlier.
July 19- Schlumberger Ltd, the world's largest oilfield services company, reported a 49 percent jump in quarterly profit as drilling activity outside North America touched a 30- year high. Net income rose to $2.10 billion, or 1.57 per share, in the second quarter, from $1.40 billion, or $1.05 per share, a year earlier. Revenue rose 8 percent to $11.18 billion.
LONDON, July 19- Brent crude oil held above $108 a barrel on Friday after encouraging economic data and a sharp decline in U.S. crude stockpiles signalled stronger demand for fuel in the world's top oil consumer. Brent rose 1 cent to $108.71 a barrel by 1002 GMT, after climbing earlier to a session high of $108.93.
Many analysts say even if June had higher prices, it is too early to conclude Japan is out of deflation, because the increase is mostly due to a rise in electricity bills and a weak yen that is inflating the cost of gasoline imports.
Europe's FTSEurofirst 300 share index was down 0.4 percent by mid-morning after some weaker earnings overnight, but it was firmly on course for its first four-week run of uninterrupted gains since May, as was MSCI's 45- country all-world index, which fell 0.1 percent.
*Sees stronger U.S. demand, expects better H2 for Europe. STOCKHOLM, July 19- Home appliances maker Electrolux forecast a rebound in demand for its products in crisis-hit Europe in 2014 and raised its outlook for the United States this year as a housing recovery takes hold.
Terry Farr and James Gilmour, former staff at UK interbroker dealer RP Martin, who were arrested last December alongside former Citigroup and UBS trader Tom Hayes, are the first brokers to face criminal action.
The graphic in the July 17 story headlined "UPDATE 1- China in $5 bln drive to develop disputed East China Sea gas as tensions rise" is withdrawn. The identity of some of the gas fields in the graphic needs to be clarified. STORYtNUMBER: L4N0FN2KB STORYtDATE: 17/07/2013 STORYtTIME: 1132 GMT.
*Fed stimulus withdrawal eyed, clarity sought from China. Finance ministers and central bankers gathering in Moscow were otherwise focused on sharting a course towards global economic recovers, and seeking to calm financial markets worried about the impact of stimulus programes.
LONDON, July 19- The dollar held close to a one-week high against the yen on Friday ahead of Japan's upper house election this weekend, which could add momentum to Prime Minister Shinzo Abe's aggressive economic reform drive. The dollar was down 0.1 percent at 100.27 yen, still close to the one-week high of 100.87 yen hit earlier in the session.
*Conditions challenging in north, central, south Europe- CEO. LONDON, July 19- Vodafone said it did not expect any let-up in the pressures weighing on its business, as the world's second-largest mobile operator reported first-quarter results hit by regulation and recession across Europe.