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Wires

  • July 28- Starbucks Corp's shares were on track for their worst one-day decline in five years on Friday as the coffee chain's latest quarterly report triggered concerns of a slowdown in sales in the United States, its biggest market. While Starbucks' profit met Wall Street expectations in its first quarter under new CEO Kevin Johnson, the results suggested that...

  • MONTREAL, July 28- Canada's Bombardier Inc beat market expectations on earnings before interest and tax on Friday, helped by better margins at its train making unit, sending its shares up as much as 6.2 percent. Bombardier also raised the bottom end of its full-year forecast for EBIT before special items by 9.4 percent, for a new range of $580 million to $630...

  • July 28- The U.S. Food and Drug Administration aims to reduce nicotine levels in cigarettes while exploring measures to move smokers toward e-cigarettes, in a major regulatory shift announced on Friday that sent traditional cigarette company stocks plunging. The move means FDA Commissioner Scott Gottlieb has sided at least partially with e-cigarettes in...

  • MILAN, July 28- The world's largest retailer of hearing aids, Italy's Amplifon, says it is ready to make major acquisitions to bolster its position in a 14 billion euros consumer market that is being invaded by the industry's manufacturers. Amplifon has been buying up hearing-aid retail chains, largely in Europe, and says it now has 9 percent of the market, but it...

  • MILAN, July 28- Telecom Italia named Vivendi's Amos Genish as its general manager for operations on Friday as the French media giant tightened its grip on the Italian phone group, where it is the largest shareholder. The appointment comes after Telecom Italia parted ways with Chief Executive Flavio Cattaneo, who is leaving the company after only 16 months in the...

  • July 28- Aircraft components maker Rockwell Collins Inc on Friday posted adjusted earnings that beat expectations, sending its shares up sharply after its first results including recently acquired aircraft interiors maker B/E Aerospace. But analysts pointed to a relatively strong quarter for Rockwell, which produced 5 percent sales growth without B/E...

  • MILWAUKEE— The Latest on the Foxconn plant announced for Wisconsin:. Scott Walker is taking to the air to tout news that global electronics giant Foxconn plans to invest $10 billion on a new manufacturing facility in southeast Wisconsin. Wisconsin's deal with electronics giant Foxconn requires the state Legislature to pass a $3 billion incentive package no...

  • NEW YORK— A savings program put into place under President Barack Obama and designed to get more people to put away money for retirement is being killed. The U.S. Treasury Department said Friday that that the program was too costly and that demand was "extremely low." It says myRA savers had put away about $34 million and that the program cost taxpayers nearly $70...

  • *Amazon falls after quarterly profit plunges. *Tobacco stocks fall after FDA statement on nicotine. July 28- Wall Street slipped on Friday as losses in Amazon and tobacco shares weighed on major indexes.

  • SAN FRANCISCO, July 28- Quarterly results from Alphabet Inc and Facebook Inc provided fresh evidence this week that the digital advertising market is effectively a duopoly, a dynamic with deep implications for two of Silicon Valley's titans. This year, the Big Two in internet advertising are expected to take half of all revenue worldwide, and more than 60...

  • US TREASURY YIELDS FALL TO SESSION LOWS AFTER REPORT THAT NORTH KOREA FIRED MISSILES, 10- YEAR YIELDS FALL TO 2.29 PCT.

  • *Opposition leader Imran Khan hails victory for Pakistan. ISLAMABAD, July 28- Pakistan's Supreme Court disqualified Prime Minister Nawaz Sharif from office on Friday over undeclared assets, plunging the nuclear-armed South Asian nation into political turmoil after a period of relative stability. Pakistan was left with no government leader after Friday's...

  • CALGARY, Alberta, July 28- Canadian energy producer Imperial Oil Ltd reported an unexpected second-quarter loss on Friday due to planned and unplanned maintenance that curbed oil output. The net loss of C $77 million, or 9 Canadian cents per share, was smaller than the loss of C $181 million, or 21 Canadian cents, in the same period a year earlier thanks to a pick-up in...

  • NEW YORK, July 27- Trump Hotels, diversifying from a longtime focus on the luxury market, has about 10 hotels in the pipeline for its recently announced midscale American Idea chain, Chief Executive Eric Danziger said in an interview with Reuters. The new chain, the product of conversations last year between President Donald Trump's sons Donald Trump Jr. and Eric...

  • WASHINGTON, July 28- Fiat Chrysler Automobiles won approval from U.S. and California regulators on Friday to sell 2017 diesel vehicles after it came under scrutiny for alleged excess emissions in older diesel vehicles. Fiat Chrysler hopes to use updated emissions software in the 2017 vehicles as the basis of a fix to address agencies' concerns over 2014-2016...

  • *Airline group estimates cost of BA outage at 65 million euros. LONDON, July 28- British Airways owner IAG broke ranks with some of its rivals on Friday when it forecast rising airfares would boost annual operating profit, contrasting with their warnings of pressure on prices. The company said that it estimated that the cost from the outage, which left 75,000...

  • BERLIN/NEW YORK, July 28- A transatlantic alliance between three global airlines will shore up their position in the lucrative UK- U.S. market, shielding them from low-cost rivals and the uncertainties of Britain's exit from the European Union. Delta Air Lines, Air France-KLM and Virgin Atlantic have announced plans for a 15- year partnership on routes between...

  • COLOGNE, Germany, July 28- A British hacker-for-hire was given a suspended sentence by a German court on Friday after confessing to a cyber attack that knocked out the internet for around 1 million Deutsche Telekom customers. The 29- year old hacker, who used the online alias "Spiderman", among other names, also faces criminal charges in Britain, where authorities...

  • *Five European banks FICC revenues down average 12 pct. LONDON/ PARIS July 28- European investment banks coped better with tough market trading conditions than U.S. rivals in the second quarter, when historically low levels of market volatility left investors struggling to make directional bets. That was a better performance than the big Wall Street banks...

  • NEW YORK, July 28- The U.S. dollar was broadly lower on Friday as a combination of underwhelming U.S. economic data and political uncertainty kept traders biased toward the euro and other world currencies. "I think this just removes an obstacle," said Marc Chandler, chief global currency strategist at Brown Brothers Harriman& Co. "The euro bottomed yesterday in New...