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  • *Alphabet, Amazon prop up S&P, Nasdaq. *Exxon, McDonald's weighs on Dow. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • *Both down nearly 15 pct on month; WTI drop most since July 2015. NEW YORK, July 29- Oil prices steadied on Friday after touching three-month lows amid a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persistent glut. Hedge funds, some of the biggest bulls in oil, slashed their positive bets...

  • NEW YORK, July 29- U.S. Gross domestic product, the government's broadest economic gauge, grew at a 1.2 percent annual rate in the second quarter after rising by a downwardly revised 0.8 percent pace in the first quarter, the Commerce Department said on Friday. Jack Flaherty, co-portfolio manager of the GAM Unconstrained Bond Strategy in New York, said of the latest...

  • WASHINGTON, July 29- New York state and nuclear power have never been best friends, but the state is expected to decide as soon as Monday on a proposed subsidy plan that could furnish the rest of the country with a model for saving a struggling industry while reducing carbon emissions. Five plants in states from Florida to California have shut since 2013 and many...

  • The agreement, which comes after an investigation of several months by the Attorney General's office, could offer the clarity needed for Mondelez to make a new bid to acquire Hershey. The Attorney General's office had accused the trust of breaking the terms of a 2013 reform agreement with the trust, particularly with regards to spending, expenses, salary and...

  • NEW YORK/ LONDON, July 29- Gold rose to its highest level in nearly three weeks on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. The U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than economists' estimates of 2.6...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices recovered on Friday after a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persisting glut. The Brent September contract, which expired as the front-month, settled at $42.46 a barrel, down 0.6...

  • HARRISBURG, Penn., July 29- The Pennsylvania Attorney General's office unveiled on Friday the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10- year term limit for trustees and limits on their compensation to $110,000. The agreement, which comes after an investigation of several months by the Attorney General's...

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first...

  • Interactive Intelligence is working with boutique investment bank Union Square Advisors LLC on a sale process that has attracted other telecommunications software companies, as well as private equity firms, the people said this week. Union Interactive Intelligence declined to comment, while Union Square Advisors did not respond to requests for comment.

  • NEW YORK, July 29- The dollar dropped on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan's stimulus plans underwhelmed investors. U.S. gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said. "There were some aspects of...

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • HARRISBURG, Pa.— State regulators and a $12 billion trust established by the founder of chocolate maker Hershey to educate poor children have announced a deal to revamp the trust's board and change its operating rules following reporters about its lavish spending. Board members Robert Cavanaugh, Joseph Senser and James Nevels will be off the board by January,...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's expiring front-month contract, September, was at $42.15 a...

  • *Second-quarter GDP rises at a 1.2 percent rate. WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment remained weak, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a...

  • *Traders pare Fed rate-hike view on paltry U.S. growth. NEW YORK, July 29- U.S. Gross domestic product, the government's broadest economic gauge, grew at a 1.2 percent annual rate after rising the Commerce Department said on Friday.

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's most active contract, October, was down 8 cents at $43.15 after...

  • Interactive Intelligence is working with boutique investment bank Union Square Advisors LLC on a sale process that has attracted other telecommunications software companies, as well as private equity firms, the people said this week. Union Square Advisors and Interactive Intelligence did not immediately respond to requests for comment.

  • NEW YORK— Cable and telecom industry groups want a federal appeals court to reconsider its ruling on "net neutrality" that preserved regulations forcing internet providers to treat all online traffic equally. The Wireless Association, an industry trade group also known as CTIA, and other groups on Friday filed petitions for the case to be reheard by all of the...