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  • July 27- Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone- which includes the App Store, Apple Pay and iCloud- will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook...

  • NEW YORK— The latest on developments in global financial markets:. Stocks are opening higher, led by gains in technology stocks after Apple posted solid quarterly earnings. Apple soared 8 percent after reporting bigger than expected profits.

  • PARIS, July 27- France will help grain farmers cope with an expected plunge in revenue after torrential rain and a lack of sunshine in late spring hit the country's cereal crops. First results of the still ongoing harvest point to a crop of soft wheat, the most cultivated cereal in France, at some 30 million tonnes this year, growers group Orama said on Wednesday.

  • FRANKFURT, July 27- Daimler has unveiled an electric truck capable of transporting up to 25 tonnes, putting zero-emission vehicles on a par with conventional-engine variants in terms of payload and performance. So far, the weight and cost of batteries as well as their limited power have prevented electric drives from being used to transport heavy loads.

  • *2nd- qtr adj profit $0.25, in line with estimates. Lumber Liquidators has been facing heat not just from regulators but also from consumers and shareholders after CBS's "60 Minutes" report alleged in March last year that the company had sold flooring with dangerously high levels of formaldehyde. The company's net loss narrowed to $12.2 million, or 45 cents per...

  • CHICAGO, July 27- Norfolk Southern Corp, the No. 4 U.S. railroad, on Wednesday reported a lower quarterly net profit due to a 7 percent drop in freight volumes, but the results just exceeded market expectations because of cost cutting and efficiency measures. The decline in freight at the Norfolk, Virginia- based company was led by a precipitous 25 percent drop in...

  • MONTERREY, Mexico _ Fomento Economico Mexicano SAB on Wednesday reported second-quarter net income of $269.5 million. The Monterrey, Mexico- based company said it had profit of 74 cents per share. The Coca-Cola bottler posted revenue of $5.23 billion in the period.

  • WESTFIELD, Mass. _ Westfield Financial Inc. on Wednesday reported second-quarter profit of $389,000. Westfield Financial shares have fallen nearly 6 percent since the beginning of the year. Keywords: Westfield Financial, Earnings Report.

  • SAN FRANCISCO _ Terreno Realty Corp. on Wednesday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 25 cents per share. Five analysts surveyed by Zacks expected $26.1 million.

  • *Bank health check results due at 2000 GMT on Friday. LONDON/ MILAN July 27- Italy's Monte dei Paschi is once again expected to be among the banks that fare worst in EU stress tests, a concern for investors across Europe who fear its frail finances could destabilise the region's banking system. The results of the 2016 health check for 51 lenders across the European...

  • GENEVA— The head of the World Trade Organization says it needs to do more to make the case for the benefits of trade in the face of claims that it has been responsible for shrinking manufacturing jobs in places like the United States. Roberto Azevedo also said Wednesday after a WTO meeting that he plans to seek a second term at the organization's helm.

  • MICHIGAN CITY, Ind. _ Horizon Bancorp on Wednesday reported second-quarter earnings of $6.3 million. Horizon Bancorp shares have declined slightly more than 4 percent since the beginning of the year. Keywords: Horizon Bancorp, Earnings Report.

  • BEIJING, July 27- China is considering rules to restrict investments by small banks in the country's $3.5 trillion wealth management product industry, draft rules seen by Reuters show, as concerns rise they are taking increasing risks. Draft rules from the China Banking Regulatory Commission, seen by Reuters on Wednesday, target riskier assets most often...

  • SOUTHFIELD, Mich. _ Superior Industries International Inc. on Wednesday reported second-quarter profit of $13.2 million. Superior Industries expects full-year revenue in the range of $710 million to $725 million. Superior Industries shares have increased 64 percent since the beginning of the year.

  • *Government says decision a clear vote of confidence in UK. LONDON, July 27- GlaxoSmithKline plans 275 million pounds of new investments at three drug manufacturing sites in Britain, signalling its confidence in the country despite last month's vote to leave the European Union. GSK is investing in sites at Barnard Castle, in the north of England, Montrose, in...

  • BUZZ-GOODYEAR TIRE RUBBER CO: Q2 PROFIT BEATS ON COST. July 27-** U.S. tire maker's shares up 2.6 pct at $28.63, set to open at more than two-month high. **Q2 profit beats, helped by ongoing cost-cutting drive.

  • BRENTFORD, Britain _ GlaxoSmithKline PLC on Wednesday reported a second-quarter loss of $620 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Brentford, Britain- based company said it had a loss of 26 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per...

  • July 27- Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone- which includes the App Store, Apple Pay and iCloud- will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook...

  • GARZA GARCIA NUEVO LEON, Mexico _ CEMEX SAB de CV on Wednesday reported second-quarter earnings of $205.4 million. On a per-share basis, the Garza Garcia Nuevo Leon, Mexico- based company said it had net income of 16 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SAN ANTONIO _ Cullen/Frost Bankers Inc. on Wednesday reported second-quarter profit of $71.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. Three analysts surveyed by Zacks expected $298.5 million.