Wires

More

  • HONG KONG, July 26- A combination of towering leverage, stunted cash flows and illusory guarantees could deliver a salutary lesson to foreign investors dabbling in the rising flow of bonds from Chinese local governments onto global markets. Local Government Financial Vehicles, created by China's local authorities to bypass restrictions on their borrowing,...

  • SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. It follows 0.5 percent growth for the first quarter. The Bank of Korea estimates showed private consumption rose by a...

  • SEOUL, July 26- Following are details of the advance estimates of South Korea's gross domestic product for the April-June period of 2016 by the Bank of Korea:. OVER PREVIOUS QUARTER, SEASONALLY ADJUSTED Q2 2016* Q1 2016. Private consumption 3.2 2.2 Government consumption 3.7 4.5 Facilities investment -2.6 -4.5 Construction investment 10.6 9.6 Investment on IP...

  • Product sales fell to $7.65 billion from $8.13 billion in the year-ago quarter, Gilead said in a statement. Wall Street analysts, on average, had forecast hepatitis C sales of $4.09 billion, according to a poll by ISI Evercore. Gilead lowered its 2016 product sales outlook to between $29.5 billion and $30.5 billion, from a previous range of $30 billion to $31...

  • Bernie Sanders put Democrats on notice Monday that he's not just hoping to influence Washington's agenda under the next president— he's got his eye on this fall's "lame duck" session of Congress. Sanders is concerned that President Barack Obama may try to get legislators to approve the TPP in the congressional session that takes place after the November...

  • DAVENPORT, Fla. _ CenterState Banks Inc. on Monday reported second-quarter net income of $15.7 million. The bank, based in Davenport, Florida, said it had earnings of 32 cents per share. Keywords: CenterState Banks, Earnings Report.

  • PITTSBURGH _ HFF Inc. on Monday reported second-quarter profit of $15.8 million. On a per-share basis, the Pittsburgh- based company said it had net income of 41 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • POPLAR BLUFF, Mo. _ Southern Missouri Bancorp Inc. on Monday reported fiscal fourth-quarter profit of $3.7 million. Southern Missouri Bancorp shares have risen 3 percent since the beginning of the year. Keywords: Southern Missouri Bancorp, Earnings Report.

  • NEW YORK, July 25- The U.S. The Fed penalty would come two years after revelations that an employee at the New York Fed, Jason Gross, had leaked sensitive information to a Goldman banker named Rohit Bansal. Goldman has already paid a $50 million penalty to New York's Department of Financial Services related to the issue.

  • LOS ANGELES _ Kilroy Realty Corp. on Monday 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 85 cents per share. Kilroy Realty expects full-year funds from operations to be $3.36 to $3.44 per share.

  • Heavy oil and diluent leaked from a 19- year-old pipeline in Husky's Saskatchewan Gathering System on Thursday, flowing into the North Saskatchewan River, which supplies water to several communities in the western Canadian province. The northern part of the system will remain down until Husky has "dealt with the crisis at hand," said Husky executive Al Pate,...

  • LOS ANGELES— "Star Trek Beyond" easily topped the domestic box office in its first weekend in theaters with $59.3 million, but the real winner was "Lights Out," which cost Warner Bros. Sony's "Ghostbusters" reboot fell to fifth place with $21 million in its second weekend, bringing its domestic total to $86.3 million. 3. "Lights Out," Warner Bros., $21,688,103, 2,818...

  • TORONTO, July 25- Canadian National Railway Co reported better-than-expected second-quarter earnings on Monday even as a decline in shipments cut into revenue, but said it expects volumes to improve in the months ahead. Net income fell to C $858 million, or C $1.10 a share, from C $886 million, or C $1.10 a share, a year earlier. Excluding the impact of deferred income...

  • SAN FRANCISCO, July 25- Bets that shares of videogame maker Nintendo will fall have quadrupled in the past week following a major rally sparked by the wild popularity of its Pokemon GO smartphone game. Daily usage of the Pokemon smartphone app in the United States peaked on July 14, according to a report last week by SurveyMonkey. Even with Monday's decline,...

  • HOUSTON, July 25- A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and a local ship agent said on Monday, the third such incident since the expanded waterway opened one month ago amid design concerns. The Panama Canal Authority said its operations team was investigating the latest incident. The Panama Canal...

  • July 25- Jim Ratigan, who left his post at Deutsche Bank AG as head of Americas mergers and acquisitions earlier this month, has agreed to join U.S. healthcare investment banking boutique Leerink Partners LLC, a Leerink spokesman said on Monday. Deutsche's investment banking division has suffered a number of prominent departures in recent months, including...

  • MOVES-Former Deutsche M&A head Ratigan to join healthcare boutique Leerink.

  • VANCOUVER, July 25- British Columbia introduced a new 15 percent property transfer tax on foreign real estate buyers in Vancouver on Monday, one of new measures geared at increasing affordability in the city's red-hot housing market. The new law comes weeks after the province released preliminary data showing that foreigners invested some C $1 billion in...

  • SAN PEDRO GARZA GARCIA, Mexico _ Grupo Aeroportuario del Centro Norte SAB de CV on Monday reported second-quarter earnings of $24.7 million. Grupo Aeroportuario del Centro Norte shares have risen 27 percent since the beginning of the year. Keywords: Grupo Aeroportuario del Centro Norte, Earnings Report.

  • NEW ALBANY, Ind. _ Your Community Bankshares Inc. on Monday reported second-quarter net income of $3.8 million. Your Community Bankshares shares have climbed 19 percent since the beginning of the year. Keywords: Your Community Bankshares, Earnings Report.