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  • NEW YORK, July 22- British Foreign Secretary Boris Johnson said on Friday he expects the U.K. to win the right for its financial firms to sell services across European Union member states after Britain's exit from the bloc. Johnson, speaking to reporters in New York about Britain's business and investment environment, said Britain has been approached by several...

  • NEW YORK, July 22- Oil prices settled lower on Friday, losing 4 percent on the week, after the fourth weekly rise in the U.S. oil rig count added to worries about a global crude glut. More than ample inventories and upcoming refinery turnarounds and maintenance have the bulls on the defensive, "said Pete Donovan, broker at Liquidity Energy in New York.

  • NEW YORK— A federal appeals court has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division. Chief Judge William Riley wrote for the 8th U.S. Circuit Court of Appeals that shareholders, including the Louisiana Municipal Police Employees'...

  • NEW YORK, July 22- Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows. More than ample inventories and upcoming refinery turnarounds and maintenance have the bulls on the defensive, "said Pete Donovan, broker at Liquidity...

  • NEW YORK, July 22- Oil prices fell 2 percent on Friday, with losses accelerating after the U.S. oil rig count rose for a fourth week in a row, putting crude on track for a weekly loss and dragging Brent to two-month lows. More than ample inventories and upcoming refinery turnarounds and maintenance have the bulls on the defensive, "said Pete Donovan, broker at Liquidity...

  • July 22- U.S. factory automation equipment maker Emerson Electric Co has made an offer to acquire pump manufacturer Pentair Plc's troubled valves and controls division, according to people familiar with the matter. Such a deal would free Pentair from a unit that its chief executive Randy Hogan has called a laggard when it comes to generating cash, while...

  • *Nigeria outage of 700,000 bpd offset by other supply growth. NEW YORK, July 22- Oil prices fell again on Friday, on track to a weekly loss, with Brent hitting two-month lows, as Iraqi crude exports looked likely to rise, adding to the global glut. If confirmed, it would put OPEC's No. 2 producer back on track of supply growth after a two-month lag.

  • New ads are popping up on Craigslist nearly every day from people who say they will log on to your "Pokemon Go" account and effectively run up your score while you are stuck at work or sitting in class. On a recent July afternoon, two 24- year-old Pokemon "trainers," Lewis Gutierrez and Jordan Clark, walked through Brooklyn's Prospect Park with their eyes glued to their...

  • Norman Seabrook, the Correction Officers' Benevolent Association's ex-president, and Murray Huberfeld, a longtime associate of hedge fund manager Platinum Partners, pleaded not guilty to conspiracy and honest services wire fraud charges in Manhattan federal court. Prosecutors said Seabrook, 56, accepted a $60,000 bribe in 2014 orchestrated by Huberfeld,...

  • July 22- Wal-Mart Stores Inc executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world's largest retailer's Mexico unit. By a 3-0 vote, the 8th U.S. Circuit Court of Appeals in St. Louis upheld a lower court dismissal of a federal lawsuit...

  • *2nd- qtr profit $1.77/ shr vs est. July 22- American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world's largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand. American said it expected revenue per available seat mile to fall 3.5-5.5 percent in...

  • A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. Bloomberg News, which reported earlier that Verizon was nearing an agreement to buy the Yahoo assets, cited an anonymous source...

  • NEW YORK, July 22- Oil prices were on track to a weekly loss, with Brent hitting two-month lows on Friday, weighed by potentially higher Iraqi crude exports and bearish U.S. inventory data from earlier in the week. If confirmed, it would put OPEC's second-largest producer back on track of supply growth after two months of output declines. "These large and increasing...

  • NEW YORK— A rough day on Wall Street for Warren Buffett means Amazon's Jeff Bezos is now the third richest person in the world. Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company, Berkshire Hathaway. Bezos lost $136 million, but at the end of the day Bloomberg said his $65.1 billion net worth...

  • NEW YORK, July 22- U.S. "People are starting to look at recent fundamentals and some of the economic data here in the U.S. and some of them have been fairly solid," said David Coard, head of fixed income sales and trading at Williams Capital in New York. Fed funds futures rates on Friday suggested a 48 percent chance the Fed will hike interest rates at its December meeting,...

  • July 22- Silver Run Acquisition Corp, run by energy industry veteran Mark Papa, said on Friday it had taken a controlling stake in oil producer Centennial Resource Development LLC, with plans to develop its acreage in the Permian basin of Texas. Energy-focused private equity firm Riverstone Holdings LLC, which is Silver Run's sponsor, took a controlling stake in...

  • A deal would boost Verizon's AOL internet business, which it acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. Yahoo shares were up 0.4 percent at $38.00 in morning trading, while Verizon rose 0.6 percent to $55.71. Bloomberg reported earlier that...

  • AT&T rose 1.4 percent and Exelon rose 2.6 percent. Stocks are edging higher in midday trading on Wall Street as investors pick over the latest batch of corporate earnings reports. Stanley Black& Decker gained 5 percent Friday after reporting results that were better than analysts were expecting.

  • July 22- Yahoo Inc is focused on selling its core assets to U.S. telecommunications company Verizon Communications Inc after reviewing final bids that it received in an auction, people familiar with the matter said on Friday. Yahoo views Verizon as the buyer that can deliver the most value, but negotiations between the two companies are continuing, and no deal...

  • PHILADELPHIA— Facing hotel bills running into the thousands of dollars, some delegates to the Democratic National Convention are planning to do like college students on spring break and squeeze as many people into a room as they can. Nicole Lutkemuller, a Bernie Sanders delegate from Tahoma, California, said her two-bed room at the Marriott Hotel Philadelphia...