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Top News & Analysis United States

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  • *Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.

  • *Wall St slightly higher in early trading. NEW YORK, July 31- The dollar tumbled and benchmark U.S. Wall Street stock prices rose, also taking a cue from the Employment Cost Index data showing the smallest quarterly increase in 33 years.

  • This time, CBS says it's making all advertisers buy an online spot with their on-air time, so ads seen during the online simulcast will be the same as the ones on TV. CBS is broadcasting the next Super Bowl, which will be held in Santa Clara, California, on Feb. 7. It's not known whether this policy will continue after that, as CBS rotates the broadcast with Fox and NBC.

  • The Consumer Financial Protection Bureau was born out of the Dodd-Frank financial overhaul law that passed in 2010 and started a year later. Richard Cordray was not the White House's first choice to lead the agency. Elizabeth Warren, now a senator from Massachusetts, was put forth for the job but her nomination was blocked.

  • CHICAGO— Grain futures mixed Friday early trading on the Chicago Board of Trade. Wheat for September delivery was 2.75 cents higher at $4.9925 a bushel; December corn was. 25 cent lower at $3.8350 a bushel; December oats were 4 cents higher at $2.5050 bushel; while November soybeans fell 11.5 cents to 9.3850 cents a bushel. October live cattle was. 85 cent higher at...

  • NEW YORK— It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell. Not even Facebook, with stronger-than-expected profit and revenue numbers and bulletproof mobile advertising strategy, was spared.

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • NEW YORK, July 31- A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by ParkerVision Inc, allowing it to escape a $173 million verdict for infringement. ParkerVision had accused Qualcomm of infringing its patents beginning in 2006 over a means to convert radio frequency signals, and incorporating its...

  • Roche Romania told The Associated Press on Friday it was "fully cooperating" with anti-graft prosecutors and would provide the requested information. Some 61 homes and offices were searched in Bucharest and in the northwest on Tuesday in a probe centered on a number of medical institutes and the way certain cancer medicines were purchased and prescribed,...

  • NEW YORK— Amazon wants to make the connected home a little more connected... to your shopping list. With its new' Dash' buttons, members of its $99 annual Prime loyalty program can reorder household items like baby food, coffee and laundry detergent with the touch of a button. Shares rose $1.99 to $538.75 in morning trading Friday.

  • July 31- The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64...

  • WASHINGTON— U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday. But recent headlines about financial volatility in Greece and China may have left consumers with a less positive outlook after moderate increase last month. " On Tuesday, the Conference Board, a business research group, said its consumer...

  • HARTFORD, Conn.— A long-simmering dispute over dumping dredged materials from rivers and harbors into Long Island Sound has flared up again with a new federal plan to govern disposal sites. Connecticut backs the disposal of materials in designated areas while New York state and environmental activists are calling for the reuse of sediments.

  • NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. Banks, money market mutual funds and other investors do not want to be stuck with low-yielding debt when the U.S. central...

  • July 31- Many wealthy people struggle to talk to their children about how much money they have. A 2015 T. Rowe Price study of 1,000 parents found that 72 percent had at least some reluctance to talk to their kids about money. When kids are as young as 6, parents and advisers can start by helping them identify bills and coins and understand the purpose of money, said...

  • Employment Cost Index barely rises in Q2. NEW YORK, July 31- U.S. The Employment Cost Index rose just 0.2 percent, the U.S. Labor Department reported, marking the smallest increase in the 33- year history of the index that is the broadest measure of labor costs.

  • ATLANTA— UPS will spend $1.8 billion to acquire Coyote Logistics as it maneuvers for a slice of the burgeoning freight brokerage business. The Chicago company will become a UPS subsidiary and continue to be headed by Jeff Silver. The Atlanta company anticipates the transaction could result in $100 million to $150 million in annual operating savings.

  • ITHACA, N.Y. _ Tompkins Financial Corp. on Friday reported second-quarter earnings of $17.4 million. The bank, based in Ithaca, New York, said it had earnings of $1.15 per share. Keywords: Tompkins Financial, Earnings Report.

  • NOVATO, Calif. _ Willis Lease Finance Corp. on Friday reported a second-quarter loss of $492,000, after reporting a profit in the same period a year earlier. On a per-share basis, the Novato, California- based company said it had a loss of 6 cents. Keywords: Willis Lease Finance, Earnings Report.

  • HOPKINSVILLE, Ky. _ HopFed Bancorp Inc. on Friday reported a second-quarter loss of $117,000, after reporting a profit in the same period a year earlier. HopFed Bancorp shares have dropped roughly 6 percent since the beginning of the year. Keywords: HopFed Bancorp, Earnings Report.