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Wires

  • WASHINGTON, July 21- The U.S. regulator of credit unions will soon close some regional and agency offices and reorganize others, as it works to cut costs and respond to changes in the industry, according to an announcement released on Friday. "Months of very hard work by agency staff have produced a solid, commonsense plan that will help the agency respond to a new...

  • WASHINGTON, July 21- A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.. Amazon and Whole Foods hope to expand access to fresh food, said Brian Huseman, Amazon's vice president of...

  • *Canadian dollar at C $1.2538, or 79.76 U.S. cents. Speculators were net long 8,043 Canadian dollar contracts as of July 18, data from the U.S. Commodity Futures Trading Commission and Reuters calculations showed. Retail sales rose by 0.6 percent in May from April, a sign of strength that analysts said boosts the case for another interest rate hike from the Bank of...

  • CHICAGO, July 21- U.S. healthcare landlord Quality Care Properties Inc said on Friday that it can seek receivership for the country's second-largest nursing home chain, HCR ManorCare, after it failed to make a $79.6 million payment for current and past rent. HCR ManorCare spokeswoman Julie Beckert declined to comment on the threat of receivership.

  • WASHINGTON, July 21- U.S. financial regulators announced on Friday they would review Volcker Rule regulations to ensure foreign funds that should be exempt from the ban on proprietary trading by U.S. commercial banks do not face regulatory scrutiny. The agencies charged with enforcing the ban on proprietary trading, including the Federal Reserve, the Federal...

  • MENDOZA, Argentina, July 21- The members of South America's Mercosur trade bloc called for an end to violence in Venezuela in a joint statement on Friday, while Brazil and Argentina expressed wariness about following the United States in preparing possible economic sanctions. Mercosur members Argentina, Brazil, Paraguay and Uruguay again called on Venezuela...

  • *Europe stock index drops, Germany's DAX falls 1.7 pct. NEW YORK, July 21- The weakening U.S. dollar fell to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and...

  • LIMA 33, Peru _ Cementos Pacasmayo SAA on Thursday reported second-quarter net income of $6.5 million. On a per-share basis, the Lima 33, Peru- based company said it had profit of 8 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 21- The U.S. Department of Labor on Friday ordered Wells Fargo& Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement. In a different case, the Department of Labor in April ordered Wells...

  • NEW YORK, July 21- U.S. stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower. GE shares fell 2.9 percent to $25.91 and hit their lowest level since October 2015. "We've had a good run for the last few weeks and investors are primarily...

  • NEW YORK, July 21- U.S. prosecutors on Friday said they plan to drop criminal charges against two former JPMorgan Chase& Co derivatives traders over allegations they had a role in the "London Whale" trading scandal that caused $6.2 billion of losses. In a court filing, prosecutors requested a judge's permission to dismiss charges against Javier Martin-Artajo and...

  • GLENVILLE, N.Y. _ TrustCo Bank Corp. NY on Friday reported second-quarter profit of $12.2 million. The holding company for Trustco Bank posted revenue of $46.6 million in the period. Keywords: TrustCo Bank, Earnings Report.

  • NEW YORK, July 21- U.S. stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower.

  • TORONTO, July 21- Canada's main stock index fell on Friday, as its heavyweight energy group led a broad retreat with oil prices sliding after a consultancy forecast higher OPEC production in July and its biggest banks also lost ground. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 81.51 points, or 0.53 percent, at 15,183.13.

  • *OPEC July production to rise 145,000 bpd- Petro-Logistics. *OPEC, non- OPEC committee to discuss oil pact in Russia. NEW YORK, July 21- Oil prices slid on Friday, settling about 2.5 percent lower after a consultancy forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.

  • ATLANTA— U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said Friday. An Associated Press review found that the manufacturer of the panels used in the London tower said the same panels were used in...

  • *Q2 EPS $1.80 vs est $1.78. Sales in Honeywell's aerospace business, which activist investor Daniel Loeb wants to be spun off, fell about 3 percent to $3.67 billion in the second quarter ended June 30, but the drop was much smaller than the company's forecast of 5 to 7 percent. Loeb, who runs hedge fund Third Point LLC, has said a spin off could create more than $20 billion...

  • WASHINGTON, July 21- U.S. financial regulators announced Friday that they would review Volcker Rule regulations to ensure that foreign funds that should be exempt from the ban on proprietary trading by U.S. commercial banks do not face regulatory scrutiny. The banking agencies charged with enforcing the ban on proprietary trading, including the Federal...

  • The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports. The move is embarrassing for Russia, which stands accused of disregarding EU sanctions, flouting its original agreement with Siemens and going back...

  • WASHINGTON, July 21- A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.. Amazon and Whole Foods hope to expand access to fresh food, said Brian Huseman, Amazon's vice president of...