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  • 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...

  • Attorney Brooke Cucinella told jurors in Manhattan federal court that tips by Sean Stewart, an ex-banker at Perella Weinberg Partners and JPMorgan Chase& Co, enabled his father and another man to make over $1 million trading. But Mark Gombiner, a defense lawyer, said while the father, Robert Stewart, did illegally trade on information he learned while talking to...

  • NEW YORK— The lawyer for an investment banker on trial for insider trading has blamed the man's father for betraying his son by making illegal trades that made over $1 million. Attorney Mark Gombiner told jurors Wednesday in New York City federal court that Sean Stewart never expected his father to betray his love, trust and confidence. Attorney Brooke...

  • NEW YORK, July 27- Oil prices tumbled 2 percent on Wednesday, hitting two-month lows, after a surprise build in U.S. crude and gasoline inventories despite the peak summer driving season as refiners cut production amid faltering demand and profits. The U.S. Energy Information Administration said crude stockpiles rose 1.7 million barrels last week, instead of...

  • NEW YORK— On-demand apps make life easier: A few taps on my phone and I can get a cab in minutes or groceries delivered to my door. Figuring how much-- or if-- I should tip the people who drive me around or pick out my cheese at the supermarket. Just like other service professionals, we should tip these types of workers, says Sharon Schweitzer, etiquette consultant and...

  • NEW YORK, July 27- Oil prices tumbled 2 percent on Wednesday, hitting two-month lows, after a surprise build in U.S. crude and gasoline inventories despite the peak summer driving season as refiners cut production amid faltering demand and profits. Brent was down $1.05, or 2.3 percent, at $43.82 a barrel by 11:49 a.m. EDT after hitting $43.62 earlier, its lowest...

  • The encryption debate took center stage earlier this year after the FBI demanded that Apple Inc. help it access an iPhone used by one of the San Bernardino shooters. Apple vowed a court fight, but the matter was ultimately dropped after a third-party provided the FBI with a way to access the phone's information. The FBI and other law enforcement maintain that...

  • The punchline: Comcast and its rivals say it's no joke. Comcast, for instance, is trying to demystify the wait for the cable guy via a new map-based app customers can use to track its techs in real time. Just ask Johann Bilsborough, a 43- year-old in suburban Boston, who tapped it open while waiting for his installation appointment.

  • Excluding items, the company earned 91 cents per share, beating the average analyst estimate of 88 cents, according to Thomson Reuters I/B/E/S. Revenue rose about 8 percent to $559 million to best the $548 million estimate. Net income attributable to Nasdaq on a non-GAAP basis fell to $70 million, or 42 cents per share, in the quarter ended June 30, from $133 million,...

  • Shares of the company, in which Deutsche Telekom holds a majority stake, rose as much as 2 percent to a nine-year high of $45.87 in morning trading on Wednesday. Under Chief Executive John Legere, T-Mobile has rolled out offers including free data for its users who play the popular smartphone game "Pokemon Go," its free video streaming service "BingeOn" and weekly...

  • NEW YORK, July 27- Oil prices tumbled more than 2 percent on Wednesday, hitting a two-month low, after the U.S. government reported a surprise build in crude and gasoline inventories during the peak summer driving season. Brent was down $1.03, or 2.4 percent, at $43.83 a barrel by 11:04 a.m. EDT after hitting $43.62 earlier, its lowest since May 10.

  • July 27- Health insurer Anthem Inc on Wednesday said it was committed to its planned acquisition of Cigna Corp and again vowed to fight U.S. government efforts to block the deal, saying the merger will help lower costs for consumers. "To be clear, our board and executive leadership team at Anthem is fully committed to challenging the DOJ's decision in court," Chief...

  • WASHINGTON, July 27- New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery and a range of other goods, suggesting a prolonged downturn in business spending. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans,...

  • WASHINGTON— The Latest on the hacking of the Democratic National Committee:. During a news conference, Trump addressed Russia and said he hoped the country could find Clinton's missing 30,000 emails that were deleted from her personal server while she was secretary of state. Russia, if you're listening, I hope you're able to find the 30,000 e-mails that are...

  • July 27- Health insurer Anthem Inc on Wednesday said it was committed to its planned acquisition of Cigna Corp and again vowed to fight U.S. government efforts to block the deal, saying the merger will help lower costs for consumers. "To be clear, our board and executive leadership team at Anthem is fully committed to challenging the DOJ's decision in court," Chief...

  • NEW YORK, July 27- A disappointing report on durable goods orders in June lifted U.S. "The best thing for the Fed is essentially take a pass," said Aaron Kohli, interest rate strategist at BMO Capital Markets in New York. Another factor underpinning the fall in U.S. yields was expectations of more stimulus from the Bank of Japan following Japanese Prime Minister...

  • WASHINGTON— President Barack Obama's decision to identify Russia as almost certainly the culprit in hacking the Democratic National Committee and releasing politically embarrassing emails fits his administration's new penchant for openly blaming foreign governments for such break-ins. Even as the U.S. continues to secretly hack its own adversaries,...

  • West Texas Intermediate crude futures fell about 1 percent or more earlier in the session, reacting to a U.S. crude draw of 827,000 barrels for the week to July 22 reported by trade group American Petroleum Institute late Tuesday. That figure was well short of the 2.3 million-barrel draw that analysts expect the U.S. government's Energy Information...

  • 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.

  • NEW YORK, July 27- Boeing Co on Wednesday reported its first quarterly loss in nearly seven years, hit by charges related to the 787, 747 and KC-46 tanker aircraft programs. To reflect the charges, Boeing is now targeting earnings of $6.40 to $6.60 a share in 2016, down from $8.45 to $8.65. Adjusted earnings are expected to be $6.10 to $6.30, down from $8.15 to $8.35.