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  • July 29- Credit Suisse Group AG, which exited its U.S. private wealth business last year, is building out a new investment banking group in the region to serve billionaires. Switzerland's second-biggest bank has hired Charlie Buckley from rival UBS Group AG to work with company founders and entrepreneurs, according to an internal memo reviewed by Reuters on...

  • *Global funds throng PSBC meetings in New York, Boston, London. HONG KONG, July 29- Postal Savings Bank of China's up to $10 billion forthcoming IPO is drawing marquee foreign investors' attention due to its clean balance sheet, sources said, though unattractive valuations may mean it will still need local cornerstone investors to succeed. Slots to meet with PSBC's...

  • NEW YORK— Consumer products maker Newell Brands climbed to its highest price in 18 years Friday after it reported strong results following its purchases of the makers of Elmer's Glue and Yankee Candle. The Atlanta company bought Elmer's for $600 million in October, and then bought Jarden Corp., the maker of Ball glassware, Rawlings sporting goods, Mr.

  • WASHINGTON, July 29- The U.S. economy likely regained speed in the second quarter as robust consumer spending offset a sharp moderation in inventory investment and weak exports, pointing to underlying growth momentum that could be maintained for the rest of the year. Things are falling in place, the economy will continue to move forward, "said Ryan Sweet, a senior...

  • DHAKA, July 29- The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. Bangladesh Bank has also agreed to share with the Fed a report into the heist that was prepared by U.S. cyber...

  • NEW YORK FED ASKS PHILIPPINES' CENTRAL BANK TO HELP BANGLADESH RECOVER MONEY FROM CYBER HEIST.

  • NEW YORK, July 28- Emerging-market debt funds offered in the United States took in record cash for the second straight week, Lipper data showed on Thursday, as investors hoped more central bank stimulus could make the bonds an appealing buy. The funds attracted nearly $1.4 billion in the period through July 27, larger than the $918 million they attracted the...

  • NEW YORK, July 28- Fortress Investment Group said on Thursday it plans to shut its Fortress Centaurus Global hedge funds, continuing the firm's move away from hedge funds that invest in liquid, or easy to trade, assets such as stocks. The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on...

  • HAMBURG, N.Y. _ Evans Bancorp Inc. on Thursday reported second-quarter net income of $2 million. Evans Bancorp shares have dropped 2 percent since the beginning of the year. Keywords: Evans Bancorp, Earnings Report.

  • TORONTO/ VANCOUVER July 28- Gold bullion prices have increased 26 percent this year, but the world's biggest gold miners are paring costs and selling assets to lower debt despite the windfall rather than boosting spending. "They're still, by and large, in cost-cutting mode and hunkering down, even though conditions have improved over the last five or six months,"...

  • NEW YORK, July 28- A New York federal judge has ruled in favor of Bayer AG against nearly 1,300 lawsuits filed by women who say they suffered internal injuries from the company's Mirena intra-uterine contraceptive device. District Judge Cathy Seibel in White Plains said on Thursday that there was no way for the lawsuits to continue after her earlier ruling...

  • NEW YORK _ MDC Partners Inc. on Thursday reported second-quarter net income of $1.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. MDC Partners shares have declined 16 percent since the beginning of the year.

  • July 28- Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion, a deal that gives it a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison. "People care when someone makes the wrong decision," said Kevin McManus, vice president of Egan-Jones Proxy Services.

  • NEW YORK _ Cowen Group Inc. on Thursday reported a second-quarter loss of $10.5 million, after reporting a profit in the same period a year earlier. The company, based in New York, said it had a loss of 11 cents per share. Keywords: Cowen Group, Earnings Report.

  • NEW YORK— Online shoppers want their packages— now. The $99 annual subscription includes a variety of other goodies, but the near-instant gratification of fast, no-extra-cost delivery was the program's original draw, and remains central to its appeal for its estimated 60 million subscribers. The company spent $13.41 billion on fulfillment in all of 2015, up 25...

  • July 28- Jeff Bezos, the founder and chief executive of Amazon.com Inc, has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.. Bezos' fortune was $65.3 billion as of 4:30 p.m. EDT on Thursday, compared with Buffett's $64.9...

  • Alere Inc., $5.09 to $36.56. Ford Motor Co., down $1.13 to $12.71. Facebook Inc., up $1.66 to $125.

  • *Longer-dated yields touch 2- week lows after weak data. NEW YORK, July 28- U.S. Demand for the Treasury Department's $28 billion sale of seven-year notes was tepid but still stronger than in two-year and five-year auctions earlier this week.

  • District Judge Cathy Seibel in White Plains said on Thursday that there was no way for the lawsuits to continue after her earlier ruling barring crucial testimony from plaintiffs' experts.

  • NEW YORK— Stocks had another day of meager gains on Thursday as investors worked through a new batch of mixed company earnings, including results from Facebook, Ford and Whole Foods. The Dow Jones industrial average fell 15.82 points, or 0.1 percent, to 18,456.35. The Standard& Poor's 500 index rose 3.48 points, or 0.2 percent, to 2,170.06.