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  • The initiative, dubbed Defending Digital Democracy, is led by the former campaign chairs for Democrat Hillary Clinton and Republican Mitt Romney, and will initially be based at Harvard University's Kennedy School of Government, which announced the project last week. Facebook Chief Security Officer Alex Stamos announced the company's backing at the...

  • July 26- Alaska Air Group Inc on Wednesday posted a 13.8 percent rise in quarterly profit, helped in part by the December 2016 acquisition of former rival Virgin America. Alaska, now the fifth-largest U.S. carrier by passenger traffic, reported second-quarter net income of $296 million, or $2.38 per share, up from $260 million, or $2.10 per share, in the period a year...

  • PARIS, July 26- LVMH, the world's biggest luxury group, on Wednesday undershot forecasts with a 23 percent rise in first-half underlying profits where growth was driven worldwide by its Louis Vuitton brand. LVMH said first-half profit from recurring operations reached 3.640 billion euros. LVMH's rivals in the luxury industry such as British luxury brand...

  • EPS profit of 59 cents vs est 57 cents. July 26- Coca-Cola Co's profit, in its first quarter under new Chief Executive James Quincey, beat analysts' estimates on higher-than-expected demand for its healthier non-carbonated beverages as well as low and no-sugar versions of its sodas. There was some concern that Coca-Cola's organic revenue growth would be weak in...

  • Passengers at all U.S. airports will soon face new measures for screening electronic devices bigger than a cellphone. The Transportation Security Administration said Wednesday the new procedure will go nationwide in the coming weeks and months. The Department of Homeland Security has been changing rules for electronics on international flights because...

  • Beijing is trying to revive China's bloated state-owned sector and create "bigger and stronger" conglomerates capable of competing on the global stage. About 90 percent of firms owned by local governments as well as the central government in Beijing have already completed the process, the cabinet said on its website on Wednesday. SOEs have waned in recent...

  • July 26- Apple Inc supplier Foxconn Technology Co will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing...

  • MOSCOW, July 26- A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters. BTC-e, one of the oldest trading platforms for digital currencies, did not immediately respond to a request for...

  • BOSTON, July 26- Hedge fund Third Point made a new bet on Chinese e-commerce firm Alibaba during the second quarter and told investors in a letter that it was still finding attractive new opportunities even as the stock market has surged this year. As part of Third Point's focus on international investments, Loeb also underscored his bets on European stocks...

  • ATLANTA— A federal judge has dismissed a class-action racial discrimination lawsuit filed by current and former black employees of Time Warner, owner of Turner networks including CNN, TNT and TBS. U.S. District Court Judge William Duffey of the Northern District of Georgia said in Tuesday's order that the employees didn't meet legal standards to prove "a...

  • *Greece comeback bond improves sentiment towards bloc. LONDON, July 26- Euro zone government bond yields edged down but stayed near one-week highs on Wednesday ahead of a policy decision by the U.S. "The Fed has been rather clear up to now, and I expect it to signal today that balance sheet reduction will kick off in September and a rate hike will come maybe at the end of...

  • JOHANNESBURG, July 26- South African explosives and chemicals company AECI is working on a number of acquisitions at home and abroad after building up a war chest of 6 billion rand, CEO Mark Dytor said on Wednesday. South Africa, sub-Saharan Africa's second biggest economy, slid into recession for the first time since 2009 in March and Dytor said the shrinking...

  • *Fed statement expected at 2 p.m. ET. *Boeing rises to record high after raising forecast. July 26- Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.

  • July 26- Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union. The association expects 3,000 to 5,000 new jobs in Frankfurt over the next two years as a result of Brexit, its head Stefan Winter, of UBS, told German newspaper Welt am Sonntag in June. Bank of America became the...

  • *Q3 orders up 11.3 pct. *Forecast 2017 revenue of $13.9 bln to 14.1 bln. July 26- No.1 U.S. homebuilder D.R.

  • *Britain says long goodbye to internal combustion engine. LONDON, July 26- Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to ban diesel vehicles from...

  • LONDON, July 26- Britain's Zegona, set up to invest in European technology, media and telecoms companies, said it would return 140 million pounds to shareholders via a tender offer after completing the sale of Telecable. Zegona, founded by former executives of cable group Virgin Media to operate a "Buy-Fix-Sell" strategy, acquired Spanish communications company...

  • July 26- Apple Inc supplier Foxconn Technology Co will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing...

  • TORONTO, July 26- Shares in Home Capital Group Inc relinquished early gains on Wednesday as concerns about tougher mortgage regulations offset news it had paid back the balance of a C $2 billion loan from Warren Buffett's Berkshire Hathaway. Repayment of the credit facility will significantly reduce the interest paid on borrowings going forward, Home...

  • *Venezuela risk adds bullish tone. *Nigeria agrees to join push to rein in output. NEW YORK, July 26- Oil prices rose to near eight-week highs on Wednesday, with Brent crude futures at over $50 a barrel, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance.