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Wires

  • *GE lower after profit slumps nearly 60 pct. July 21- U.S. stock indexes looked set to open slightly lower on Friday, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell. The Nasdaq notched its 10th straight record close on Thursday, marking its best streak since February 2015.

  • *Walmsley to outline pharma plans at Q2 results on July 26. LONDON, July 21- GlaxoSmithKline's new chief executive, who has already made her mark with plans to divest some nutritional products, will turn next week to the main business of focusing the company's pipeline of new drugs. Despite her non-pharmaceutical background in consumer brands, Emma Walmsley sees...

  • John Flannery, who takes over from CEO Jeff Immelt on Aug. 1 and will review GE's businesses, will update targets that currently include producing $2 in earnings per share in 2018..

  • Oil prices began to rise late last year after a two-year slump and are now hovering around $50 per barrel as an OPEC- led production cut and a rebound in demand slowly erode a global glut. Encana has benefited from downsizing its operations to focus on four core North American assets: the Montney and Duvernay in western Canada, and the Eagle Ford and Permian in the...

  • TOKYO— An underwater robot has captured images of lava-like lumps inside a damaged reactor at Japan's crippled Fukushima nuclear plant, spotting for the first time what is believed to be nuclear fuel that melted six years ago. Plant operator Tokyo Electric Power Co. says the robot found the objects Friday on its second mission inside the primary containment...

  • OTTAWA, July 21- Canada's annual inflation rate slowed to a 20- month low of 1.0 percent in June, well below the Bank of Canada's 2.0 percent target, although core measures showed signs of strength, Statistics Canada said on Friday. The overall rate- which matched the forecast of analysts in a Reuters poll- was the lowest since the 1.0 percent recorded in October 2015.

  • NEW YORK, July 21- The yields on U.S. medium and longer-dated Treasuries pared their earlier drop in early U.S. trading on Friday after they hit three-week lows in step with their European counterparts in reaction to the euro hitting a 23- month high versus the dollar.

  • SANTA FE, Mexico _ Controladora Vuela Compania de Aviacion SAB. The Santa Fe, Mexico- based company said it had a loss of 29 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

  • LONDON/ VANCOUVER, July 21- Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday. The sources said on Friday it was now in talks to create a 50:50 venture for the assets with Canada's Ontario Teachers' Pension Plan.

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in 2015 with a...

  • LONDON— A British man and his young daughter have gained international attention after being fined for selling lemonade outside. Andre Spicer said his 5- year-old daughter was left in tears after local council officers fined her 150 pounds for selling lemonade without a license near their home in London. Spicer wrote an article about the experience for the...

  • MEDIUM, LONGER-DATED TREASURY YIELDS BOUNCE UP FROM 3- WEEK LOWS IN EARLY U.S.

  • BERLIN— The Latest on Germany's tougher stance on Turkey following the jailing of a human rights activist:. Turkey's prime minister has sought to downplay worries of growing tensions between Turkey and Germany following the jailing of six human rights activists, which included one German. Binali Yildirim said Turkey continues to regard Germany as a "...

  • LOUISVILLE, Ky. _ Republic Bancorp Inc. on Friday reported second-quarter profit of $10.1 million. The holding company for Republic Bank& Trust posted revenue of $60.7 million in the period. Republic Bancorp shares have declined almost 9 percent since the beginning of the year.

  • KANSAS CITY, Mo. _ Kansas City Southern on Friday reported second-quarter earnings of $134.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. Kansas City Southern shares have climbed 23 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 10 percent.

  • Shares were at $26.59 in premarket trading, down about 10 cents and giving up a rise to nearly $27 shortly after the results were released. GE faced a "slow-growth, volatile environment" in the quarter, chief executive Jeff Immelt said in his final earnings release before his Aug. 1 retirement, when GE healthcare chief John Flannery takes over.

  • NEW YORK— One of MSNBC's most valuable utility players, Ari Melber, gets his own regular show Monday with the assignment of shoring up a weak spot in the cable network's lineup. In his fifth year at the network, he has guest hosted for every host in the evening lineup— Chris Matthews, Chris Hayes, Rachel Maddow, Lawrence O'Donnell and Brian Williams— giving him...

  • SAN JUAN, Puerto Rico _ OFG Bancorp on Friday reported second-quarter profit of $17.1 million. The San Juan, Puerto Rico- based bank said it had earnings of 30 cents per share. Keywords: OFG Bancorp, Earnings Report.

  • T. Boone Pickens, who is suffering from a series of strokes, took at " Texas- sized fall" that put him in the hospital last week. In a posting to LinkedIn, the corporate raider and legendary oilfield wildcatter said that he is still mentally strong but that as far as his life goes, "I clearly am in the fourth quarter." Pickens, the founder and chairman of BP Capital, suffered...

  • SHANGHAI, July 21- Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action...