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  • COLOMBO, Sri Lanka— Sri Lanka's government has deployed army troops to restore fuel distribution crippled during a strike launched by trade unions who want to stop leases of oil tanks to India and China. The government on Tuesday approved an agreement to sell a 70 percent stake in a southern port to China. Ceylon Petroleum Common Workers Union spokesman D.J....

  • PARIS, July 26- French defense and aerospace group Thales on Wednesday posted better than expected first-half figures as new orders rose and the company's transport unit climbed out of the red. The order intake for Europe's largest defense electronics maker rose 10 percent to 5.972 billion euros, dominated by defense and security contracts in mature markets...

  • SEOUL, South Korea— Hyundai Motor says its second-quarter net income plunged 51 percent over a year earlier as sales in China and the U.S. fell sharply. The South Korean automaker said Wednesday that its net income for the April-June period was 816.9 billion won, compared with 1.7 trillion won a year earlier. The maker of Genesis saw China sales wiped out 64 percent...

  • By contrast, it is difficult to find anyone who has similar regard for Sun Zhengcai, who lost the same Chongqing party job earlier this month after being accused by Beijing of failing to rid the city of Bo's influence and legacy. Sun took over in Chongqing in November 2012 from top party official Zhang Dejiang, who held the position for just eight months after Bo's...

  • *Political headwinds hit sales in its biggest market, China. SEOUL, July 26- Hyundai Motor's bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. Its weak brand image has also put Hyundai at a disadvantage versus...

  • LOS ANGELES— Celgene Corp. has agreed to pay $280 million to settle a whistleblower lawsuit alleging the pharmaceutical company committed fraud promoting a drug with a notorious history that was re-purposed to treat leprosy and another therapy for unapproved cancer treatments, federal prosecutors announced Tuesday. The agreement settled a lawsuit in...

  • SEOUL, July 26- Hyundai Motor posted a 51 percent drop in net profit for the April-to-June period, missing analysts' estimates, as political headwinds hit sales in China and U.S. sales decelerated. Hyundai Motor, which together with affiliate Kia Motors is the world's fifth-biggest automaker, on Wednesday reported a second-quarter net profit of 817 billion won,...

  • NEW YORK— At Jef Boeke's lab, you can whiff an odor that seems out of place, as if they were baking bread here. But he and his colleagues are cooking up something else altogether: yeast that works with chunks of man-made DNA. Boeke, a researcher at New York University, directs an international team of 11 labs on four continents working to "rewrite" the yeast genome,...

  • PARIS, July 26- French defense and aerospace group Thales on Wednesday posted better than expected first-half figures as new orders rose and the company's transport unit climbed out of the red. Operating profit grew 16 percent, or 17 percent on an underlying basis, to 637 million euros on revenues which rose 5.8 percent- 5.9 percent in organic terms- to 7.241...

  • FRESNO, Calif.— A 14- year-old survivor of a deadly car crash in California that was livestreamed on Instagram said she isn't mad at anyone and doesn't blame the driver. Instead, Manuela Seja blamed social media, which she said has taken over people's lives and is only going to become more prevalent, television station KSEE in Fresno reported Monday.

  • SAN FRANCISCO, July 25- Twitter Inc heads toward its quarterly earnings report on Thursday with a stock that has risen more than 40 percent since April when much of Wall Street was ready to write off the tech company. "For a company that people thought six months ago was knocking on death's door and going the way of Myspace and AOL, the double-digit rebound and the...

  • SAN FRANCISCO, July 26- The Trump administration's refusal to publicly accuse Russia and others in a wave of politically motivated hacking attacks is creating a policy vacuum that security experts fear will encourage more cyber warfare. In the past three months, hackers broke into official websites in Qatar, helping to create a regional crisis; suspected...

  • WASHINGTON, July 26- The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September in what would be a vote of confidence in the U.S. economy. The U.S. central bank will issue its latest rates decision following the end of a two-day policy meeting at 2...

  • FRESNO, Calif.— The Latest on a fatal car accident in California that was livestreamed on Instagram:. Twelve-year-old Evelyn Sanchez tells Sacramento television station KTLX a tire blew out and there was nothing her 18- year-old sister, Obdulia Sanchez, could have done to prevent the fatal crash. The California Highway Patrol says investigators will examine...

  • *No significant reaction to U.S. Senate vote. SINGAPORE, July 26- The dollar bobbed above a 13- month low against a basket of major currencies on Wednesday, as investors awaited the U.S. Traders also kept an eye on the U.S. Senate, which narrowly agreed to open debate on a bill to end Obamacare.

  • ALBANY, N.Y.— New York state is set to study the use of a device known as the "textalyzer" that would allow police to determine whether a motorist involved in a serious crash was texting while driving. Andrew Cuomo announced Wednesday that he would direct the Governor's Traffic Safety Committee to examine the technology, as well as the privacy and constitutional...

  • SHANGHAI, July 26- China's yuan eased against the dollar on Wednesday due to rising corporate demand for the greenback, while the market awaited the U.S. "The yuan faced some resistance around 6.75 per dollar, at which companies increased their dollar purchases to prevent the Chinese currency from rising," said a trader at a Chinese bank in Shanghai, noting some...

  • *China c.bank says will strictly regulate financial market trading. *China to turn all centrally owned giants into joint-stock firms by 2017. SHANGHAI, July 26- Lingering fears of further regulatory tightening sent Chinese shares lower for a second day on Wednesday, even though most China watchers do not expect any major new clampdown ahead of a sensitive...

  • NEW YORK— "Pharma Bro" Martin Shkreli has kept up his trademark trolling on social media during his securities fraud trial— calling the case "bogus"— but the jury won't hear him defend himself in court. In one of a flurry of recent Facebook posts, he wrote: "This was a bogus case from day one." He also has taken aim at news coverage of the trial, a la President Donald Trump,...

  • *Blow to Canada's aim to become global LNG player. CALGARY, Alberta/ KUALA LUMPUR, July 26- Malaysian oil company Petronas scrapped a proposed C $36 billion liquefied natural gas project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG player. Pacific NorthWest LNG in British Columbia was meant to...