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  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude looking set to post the largest monthly drop since the 2008 financial crisis after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut.

  • July 31- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. Evan Calio, an analyst with Morgan Stanley, said on Exxon's earnings conference call that the oil giant appeared to be less vocal than its peers...

  • VANCOUVER, July 31- Enbridge Inc, Canada's largest pipeline company, said additional testing on its Sarnia, Ontario, to Montreal project should wrap up by the end of the year, allowing the company to finally start up the delayed Line 9 oil pipeline. Canada's energy regulator, the National Energy Board, in June imposed new conditions on the 300,000 barrel-per-day...

  • WASHINGTON, July 31- U.S. Marine Corps Commandant General Joseph Dunford has declared an initial squadron of 10 Lockheed Martin Corp F-35B fighter jets ready for combat, the Pentagon said on Friday. The decision by Dunford, whose nomination to become the next chairman of the Joint Chiefs of Staff was approved this week, is a key milestone for the $391 billion F-35...

  • NEW YORK, July 31- Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. But Puerto Rico is expected to default on a $58 million payment on Public Finance Corporation bonds due Saturday...

  • *Second-qtr wage growth slowest in 33 years. July 31- Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Exxon Mobil shares fell 3.5 percent to $80.12 while Chevron was down 3.9 percent at $89.43 after quarterly profits slumped on falling oil prices.

  • WASHINGTON, July 31- The cybersecurity issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety regulator said on Friday. Mark Rosekind, who heads the National Transportation Safety Administration, said his watchdog agency is trying to...

  • WASHINGTON, July 31- The U.S. Environmental Protection Agency will unveil as soon as Monday the final version of a sweeping- and controversial- regulation to cut carbon emissions from the electricity sector. Among other things: The EPA is expected to push back the rule's start date by two years to 2022, according to a slide posted by the agency briefly on its...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • SAN FRANCISCO, July 31- Uber Technologies Inc is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled...

  • PARIS, July 31- French President Francois Hollande said on Friday no agreement had been reached yet on the cancellation of a Mistral helicopter carriers deal with Russia and that he would take a decision in the coming weeks. Russian media had reported earlier on Friday that Paris and Moscow had reached a compensation deal for the cancellation of the delivery of...

  • WASHINGTON— The World Trade Organization says China broke global trade rules by failing to comply with an earlier WTO ruling and continuing to impose duties on specialty steel imports. The case dates back to 2010 when China imposed duties on a high-tech specialty steel used in power plants. Despite the ruling, China reintroduced duties on the steel in 2013. The...

  • July 31- Nvidia Corp said it was recalling its Shield 8- inch tablets in the United States as the battery in these devices can overheat, posing a fire hazard. Nvidia, better known for its graphics chips, said it would replace all 83,000 tablets it sold in the United States since the product's launch in July 2014. Nvidia did not disclose Shield tablet sales in other...

  • ATHENS, July 31- Greece's stock market will reopen on Monday after a five-week shutdown caused by capital controls, but local investors will face restrictions aimed at averting capital outflows, a bourse spokeswoman said on Friday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on withdrawals...

  • The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. This is precisely how the Fed will interpret this report, even if the numbers here are atrocious, "said Eric Green, chief economist at TD Securities in New York. The Employment Cost...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The ruling noted, however, that China had stopped applying the tariffs in April, while the WTO hearings were going on, more than four and a half years after the...

  • DOVER, Del.— A Delaware judge has given a lender 60 days to buy the former presidential yacht Sequoia from its current owners. It was the official yacht for presidents from Herbert Hoover through Jimmy Carter. Because of a loan default by Sequoia Presidential Yacht Group, lender FE Partners LLC can exercise an option to purchase the yacht for $7.8 million, minus...

  • ALBANY, N.Y.— Five companies have been picked by New York state health officials to operate the state's new medical marijuana program when it begins next year. The organizations announced Friday include one led by a Minnesota physician, a business started by a woman who lost her mother to ALS as well as companies that operate dispensaries in at least six states.