*Gold ends about 1 pct up for the week. LONDON/ NEW YORK, Dec 13- Gold rose 1 percent on Friday, helped by bargain-hunting after a sharp two-day plunge, but analysts said the market remains vulnerable to the downside ahead of the all-important Federal Reserve policy meeting next week.» Read More
LOS ANGELES, July 18- Google- backed Machinima has become the latest Internet company to try to launch a TV-like online video network, and has begun talks with Hollywood studios to produce full-length programs or possibly become investors, several sources told Reuters recently.
DETROIT, July 18- The city of Detroit filed for bankruptcy on Thursday, making it the largest-ever municipal bankruptcy in U.S. history and marking a new low for a city that was the cradle of the U.S. automotive industry.
NEW YORK, July 18- Developer Larry Silverstein cannot recover billions of dollars from airlines over the Sept. 11, 2011, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge ruled on Thursday.
DETROIT, July 18- The city of Detroit filed for bankruptcy on Thursday, making it the largest ever municipal bankruptcy in U.S. history and marking a new low for a city that was the cradle of the U.S. automotive industry.
LONDON, July 18- Media mogul Rupert Murdoch said the police investigations into alleged criminal activity by journalists at his newspapers in Britain were "disproportionate", according to letters written to British lawmakers. In the letters published by Britain's Channel 4 News on Thursday, Murdoch said those comments were "overly emotional".
*Ping An Insurance Company of China Ltd.
SAN FRANCISCO, July 18- Advanced Micro Devices said on Thursday it expects third-quarter revenue to rise 22 percent on a sequential basis, exceeding Wall Street expectations, as it expands into new game consoles and other new markets to offset a slowing PC industry.
SAN FRANCISCO, July 18- Google Inc on Thursday reported a weakening of prices for its online ads in the second quarter and its shares fell more than 5 percent in after-hours trade. Google, the world's No. 1 Internet search engine, said net income in the quarter was $3.23 billion, or $9.54 per share, compared with $2.79 billion, or $8.42 per share, in the year-ago period.
SEATTLE, July 18- Microsoft Corp on Thursday reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and it took an unexpected $900 million charge for its inventory of unsold Surface tablets.
*White House urged to be' full partner' in crafting trade bill. WASHINGTON, July 18- Lawmakers urged the White House on Thursday to step up efforts to win approval of "trade promotion authority," which is needed to wrap up trade deals and to respond to congressional concerns about foreign currency practices.
NEW YORK, July 18- Pfizer Inc decided not to pursue a bid for Onyx Pharmaceuticals Inc this week, according to two people familiar with the matter, leaving Amgen Inc in the front position to buy the cancer drugmaker.
NEW YORK, July 18- U.S. crude oil hit its highest level in 16 months on Thursday, rising above $108 a barrel on signs of a stronger U.S. economy and shrinking its discount to North Sea Brent to the narrowest in almost three years. "The market is rallying on good economic news," said Phil Flynn, an analyst at Price Futures Group in Chicago.
*Backers gear up for August campaign. Senator John McCain admitted on Thursday that he and other backers of immigration reform "are not winning," and must boost efforts to get the House of Representatives to pass such a bill. "Here is a fact: We are not winning," the Arizona Republican told reporters. "
NEW YORK, July 18- Fabrice Tourre's former boss at Goldman Sachs distanced himself on Thursday from the way Tourre described hedge fund Paulson& Co Inc's role in a 2007 subprime mortgage deal.
SAN FRANCISCO, July 18- Advanced Micro Devices reported second-quarter revenue of $1.161 billion and a net loss of $74 million, or a loss of 10 cents a share, as it expands into chips for game consoles and other new markets to offset a shrinking PC industry.
SEATTLE, July 18- Microsoft Corp on Thursday reported lower-than expected quarterly earnings as slow personal computer sales ate into its Windows business and it took a large unexpected charge for its inventory of unsold Surface tablets.
NEW YORK, July 18- The Dow and the S&P 500 ended at record closing highs on Thursday as Morgan Stanley and others reported better-than-expected earnings and Federal Reserve Chairman Ben Bernanke's comments further reassured markets. The Dow Jones industrial average rose 78.17 points, or 0.51 percent, to end unofficially at 15,548.69.
DETROIT, July 18- The city of Detroit is in final preparations to file for federal bankruptcy as early as Friday morning, the Detroit Free Press reported on Thursday, citing several unnamed sources. Bill Nowling, spokesman for the city's emergency manager, Kevyn Orr, could not be reached immediately for comment on the Free Press report.
MOSCOW, July 19- Russia's auto market is on track to overtake Germany and become the largest in Europe- and the fifth biggest globally- by 2020 as car ownership increases, supporting a large local industry, a Boston Consulting Group report said.
Obamacare opponents have been warning for several years now that Medicare Advantage, the private plan option that seniors can pick instead of traditional fee-for-service Medicare, would fail because of the healthcare law's impact on the program.