Wires

More

  • BERLIN— German Chancellor Angela Merkel has defended a planned trade deal between the U.S. and the European Union as "absolutely in Europe's interest." Rejecting an industry group's criticism that politicians aren't doing enough to support it, Merkel said Thursday that the Trans-Atlantic Trade and Investment Partnership, or TTIP, is "absolutely right and...

  • July 28- A Massachusetts judge on Thursday rejected Sumner Redstone's bid to quickly end a case that will likely determine the future of the media mogul's $40 billion holdings, marking a victory for Viacom Inc Chief Executive Philippe Dauman. The issue is whether the 93- year-old Redstone knew what he was doing when he removed Dauman and Viacom board member...

  • SCOTTSDALE, Ariz. _ Meritage Homes Corp. on Thursday reported second-quarter earnings of $39.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • A spokesman for Chipotle, Chris Arnold, says in an email the company's first Tasty Made burger restaurant will open in this fall in Lancaster, Ohio. The opening of the burger concept comes as Chipotle Mexican Grill Inc. fights to recover from an E. coli outbreak and norovirus cases that sent sales plunging at its namesake chain. If its burger concept were to expand,...

  • *Q2 adj EPS $0.61 vs est $0.58. Both asset management and M&A advisory revenue fell in the second quarter, as uncertainty stemming from Britain's vote to leave the European Union and volatile oil prices kept investors and companies on the sidelines. Lazard's revenue from M&A and other advisory fell 25.5 percent to $203.4 million, while asset management revenue...

  • NEW YORK, July 28- Global stock markets fell on Thursday in the wake of disappointing U.S. and European corporate results while the dollar took its biggest tumble in almost two months after the U.S. Equity markets retreated after Royal Dutch Shell in Europe reported a more than 70 percent fall in quarterly profit that was well below analysts' estimates.

  • DUNKIRK, N.Y. _ Lake Shore Bancorp Inc. on Thursday reported second-quarter net income of $664,000. Lake Shore Bancorp shares have fallen slightly since the beginning of the year. Keywords: Lake Shore Bancorp, Earnings Report.

  • *Second-qtr adj. earnings $0.96/ shr vs est. Shares of MasterCard rose as mcuh as 3 percent to a near five-month high of $96.50 on Thursday. MasterCard's worldwide purchase volume rose 9 percent to $897 billion on a local currency basis in the second quarter.

  • ALBANY, N.Y.— The Port of Albany will receive $17 million in federal funding to pay for upgrades and an expansion allowing for greater shipment of large cargo. The New York Democrat says the money will allow the port to demolish and rebuild a warehouse, rebuild a shipping terminal and improve safety at the port, which he says is the busiest facility of its kind in...

  • *Several suppliers post forecast-beating Q2 results. *Some point to signs of recovery in demand. OSLO/ MILAN, July 28- European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, have produced stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.

  • Egypt said late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding gap. Egyptian stocks have surged on hopes a deal would revive confidence and allow Egypt to remove restrictions on access to hard currency that have hit manufacturing and trade and made it hard for foreign firms to repatriate...

  • While the number of deals in the sector rose to 51 in the second quarter from 39 in the first quarter, the overall value of the deals fell to $26.1 billion from $28.1 billion, PwC said. The Permian basin in Texas and the Marcellus basin, which straddles Pennsylvania and West Virginia witnessed the most activity among shale plays. The deals in the quarter included QEP...

  • LONDON, July 28- Investors bought over 8 billion euros of new debt from Italy on Thursday, at some of the biggest premiums seen since early 2015, a day before Rome faces a crunch health check of its banks. It was against this backdrop that Italy sold 6.5 billion euros of five- and 10- year government bonds, along with up to 2 billion euros of floating-rate CCTeu...

  • *Goldman says believes in $40- $45 range through mid-2017. U.S. Gulf Coast gasoline stocks hit record highs last week for a July month, while East Coast inventories reached all-time peaks, government data showed on Wednesday. U.S. crude's West Texas Intermediate futures fell 63 cents, or 1.5 percent, to $41.29 a barrel by 11:48 a.m. EDT.

  • July 28- A Massachusetts judge on Thursday denied a motion to dismiss a case that will likely determine the future of Sumner Redstone's $40 billion media, marking a victory for Viacom Inc Chief Executive Philippe Dauman.

  • NEW YORK _ Investment Technology Group Inc. on Thursday reported a loss of $5.2 million in its second quarter. Investment Technology shares have increased 8.5 percent since the beginning of the year. Keywords: Investment Technology Group, Earnings Report.

  • TOKYO/ BERLIN, July 28- Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling carmaker in the first six months of 2016 despite its emissions scandal. Europe's largest automaker said on Thursday it expected full-year sales to come in...

  • *Moody's has Turkey on review for possible downgrade. ISTANBUL, July 28- A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under...

  • July 28- Harley-Davidson Inc on Thursday said a decrease in total sales and soft domestic demand lowered second-quarter profit and has led the company to trim its forecast for motorcycle shipments in 2016.. While our share gains helped to blunt the full impact of this weak market, lackluster industry sales have had a significant impact on our results and our...

  • JUDGE DENIES IMMEDIATE REQUEST FOR MENTAL EXAM OF SUMNER REDSTONE- FILING.