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  • *Fed statement expected at 2:00 p.m. ET. July 27- Wall Street was lower on Wednesday as disappointing results from Coca-Cola and weak oil offset gains fueled by Apple, and ahead of the Federal Reserve's decision on interest rates. "The Fed clearly will not raise interest rates," said Chris Zaccarelli, chief investment strategist at Cornerstone Financial...

  • NEW YORK, July 27- Oil prices tumbled as much 3 percent on Wednesday, with U.S. crude futures hitting three-month lows, as U.S. crude and gasoline stocks surged despite the peak summer driving season as weak demand and profits forced refinery cutbacks. The U.S. Energy Information Administration said crude stockpiles rose 1.7 million barrels last week, instead of...

  • NEW YORK, July 27- With the Dow industrials and S&P 500 indexes setting new all-time records in the past month, some investors are waiting for a key group of transportation stocks to hit fresh highs as well before becoming more confident the rally will keep chugging along. The 20- component transports index, which includes airlines, railroads, package delivery...

  • LONDON/ MILAN, July 27 (Reuters)- European shares rose on Wednesday with the market underpinned by well-received earning updates from companies including Peugeot and LVMH, while Deutsche Bank fell after a poor update. German carmakers including Volkswagen rose, helping the auto-heavy German index DAX recover all the losses it made since UK's shock vote to...

  • TORONTO, July 27- Canada's main stock index reversed course on Wednesday, turning lower as slumping oil prices hit energy shares, offsetting gains for gold miners and companies that reported stronger-than-expected results. At 12:03 p.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 50.2 points, or 0.35 percent, at 14,499.80.

  • July 27- Wall Street gave up early gains after disappointing earnings from Coca-Cola and weak oil prices offset a boost from Apple. However, Apple shares rose 6.7 percent to $103.09 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. "The Fed clearly will not raise interest rates," said Chris...

  • TORONTO, July 27- Canada's main stock index rose on Wednesday as gold miners and other resource issues gained and investors bought shares of companies that reported stronger-than-expected results. But Toronto Star publisher Torstar Corp fell 3.6 percent to C $1.60 after reporting a wider loss and cutting their dividend. At 10:07 a.m. EDT, the Toronto Stock...

  • July 27- Wall Street was trading higher on Wednesday morning, bolstered by strong results from Apple, and ahead of the Federal Reserve's decision on interest rate hikes. Apple shares soared 7.4 percent to $104.47 after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. Traders have priced in a 19.5...

  • NEW YORK— The latest on developments in global financial markets:. Stocks are mostly lower in midday trading as a slide in consumer staples stocks outweighs a gain in technology companies. Coca-Cola dropped almost 4 percent Wednesday after cutting its sales outlook for the year, citing weakening demand in major international markets including China.

  • MCLEAN, Va.— Gannett Co. on Wednesday reported second-quarter net income of $12.3 million. Gannett Co. shares have declined 12 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent. Keywords: Gannett Co., Earnings Report.

  • DEERFIELD, Ill.— Mondelez International Inc. on Wednesday reported second-quarter earnings of $464 million. Mondelez expects full-year earnings to be 8 cents per share. Mondelez shares have climbed nearly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 6 percent.

  • ATLANTA— Southern Co. on Wednesday reported second-quarter net income of $650 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Southern Co. shares have increased 16 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • SCHAFFHAUSEN, Switzerland _ Garmin Ltd. on Wednesday reported second-quarter earnings of $161.1 million. Garmin expects full-year earnings to be $2.50 per share, with revenue expected to be $2.9 billion. Garmin shares have increased 25 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • *Europe shares rise, Deutsche Bank down on revenue fall. *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.

  • *Apple shares soared more than 6 percent to $102.66 in premarket trading after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. *Traders have priced in a 19.5 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool.

  • FALLS CHURCH, Va. _ Northrop Grumman Corp. on Wednesday reported second-quarter net income of $517 million. Northrop Grumman expects full-year earnings to be $10.75 to $11 per share, with revenue in the range of $23.5 billion to $24 billion. Northrop Grumman shares have climbed 16 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • *Japan stimulus lifts Asia shares, drives yen lower. LONDON, July 27- Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. Germany's DAX index rose 0.8 percent and has recouped all losses incurred since...

  • *France's Ingenico Group slumps after H1 results. LONDON, July 27- European shares rose on Wednesday, led higher by auto stocks and several companies such as luxury group LVMH and France's Peugeot that advanced after their results. France's LVMH was up 7.5 percent after its fashion and leather Q2 sales beat forecasts, helped by solid demand in the United States...

  • LONDON, July 27- Emerging stocks touched 11- month highs on Wednesday, boosted by news of additional Japanese stimulus and shrugging off a sharp drop in mainland shares in China, where fears of a fresh regulatory crackdown are weighing. Some nerves were jangled by a 2 percent fall in Shanghai- listed shares, which posted their worst day in six weeks while the...

  • SHANGHAI, July 27- Hong Kong shares finished modestly higher on Wednesday, shaking off sharp losses in mainland China markets. The Hang Seng index rose 0.4 percent to 22,218.99 points, while the China Enterprises Index gained 0.6 percent to 9,115.29. China stocks closed sharply lower, with major indexes suffering their worst daily losses in six weeks, as...