Wires

More

  • July 28- Wall Street was mixed on Thursday as investors fretted about disappointing earnings from Ford and awaited quarterly scorecards from technology heavyweights Alphabet and Amazon.com. Momentum players are focusing to buy on pullbacks, "said Michael Matousek, head trader at U.S. Global Investors in San Antonio.

  • If utility stocks had a motto, it might be "Boring is better." Traditionally, investors have seen utility stocks as reliable, even conservative investments because they deliver high dividends and have a relatively stable business model. We talk about utility stocks with John Kohli, who manages the Franklin Utilities Fund at Franklin Templeton Investments.

  • July 28- A Massachusetts judge on Thursday rejected Sumner Redstone's bid to quickly end a case that will likely determine the future of the media mogul's holdings and set an October trial date, marking a victory for Viacom Inc Chief Executive Philippe Dauman. Dauman and Abrams filed a lawsuit in Massachusetts, where the trust was established, contesting their...

  • RUSSIAN FINANCE MINISTRY SAYS ASKS LAWYERS TO ASK LONDON COURT TO ISSUE AN EXPEDITED RULING ORDERING UKRAINE TO REPAY $3 BLN EUROBOND.

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.. TOKYO— Honda reports fiscal first quarter results.

  • *BOJ decision expected Friday around 0330 to 0530 GMT. TOKYO, July 29- The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with the central bank's thinking said. The Ministry of Finance is lobbying hard for the BOJ to ease policy...

  • Potash will cut its quarterly dividend to 10 cents per share from 25 cents. Its shares were down 7 percent in New York and Toronto, and the U.S.-listed stock touched a low of $15.84. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold its Potash position in June.

  • July 28- Eli Lilly and Co said it received a civil investigative demand from the U.S. attorney's office for the southern district of New York, requesting documents and information relating to contracts with pharmacy benefit managers. Pharmacy benefit managers, which administer drug benefits for employers and health plans and also run large mail-order...

  • YORK, Pa.— Authorities say a 3,200- pound commercial air conditioner has fallen off a truck, crushing a worker at a Pennsylvania plant. Jennifer Wright was helping load the unit onto a trailer at a Johnson Controls plant in Spring Garden Township when it fell off a pallet and landed on her Wednesday night. The vice president of global communications for Johnson...

  • But the company also warned of weakening margins in Brazil and Argentina due to smaller crops and lower prices. "However, in the near term, slow farmer selling in Brazil and Argentina, due to smaller than expected crops and lower prices, are negatively impacting margins. Excessive rain in Argentina and severe drought in Brazil reduced yields, prompting farmers...

  • Whole Foods' shares fell nearly 10 percent to $30.32 on Thursday on the New York Stock Exchange- their biggest intraday percentage drop in a year. "The most worrisome development about Whole Foods' latest results is the continued sales deceleration heading into FY17," Pivotal Research Group analyst Ajay Jain wrote in a note. Whole Foods opened the first 365 store...

  • PARIS, July 28- French utility EDF said in a statement that its board of directors had given the company's president the go-ahead to sign all contracts and agreements necessary to build the two nuclear reactors at Hinkley Point in south-west England. It added in the statement on Thursday that this decision clears the way for EDF to sign contracts with the...

  • LONDON/ MILAN, July 28- Italy's Monte dei Paschi di Siena,, which is scrambling to put together a privately backed bailout, suffered a setback on Thursday when three banks turned down a request to back a planned 5 billion euro cash call. The troubled lender is trying to pull together a banking consortium to guarantee its proposed capital increase in the next 24 hours...

  • UMLAZI, Durban, July 28- Young, poor, supporters of South Africa's African National Congress are weary of reminders of its liberation struggle, concentrating instead on the ruling party's failure to deliver jobs which could cost it votes in local elections next week. Polls say the main opposition party, the Democractic Alliance will win 36 percent of the vote in...

  • CBOT December corn futures eased 5-1/ 4 cents to $3.37-3/ 4 per bushel, heading for their largest daily losses since July 19. CBOT November soybeans were down 10 cents to $9.76 as of 1:02 p.m. CDT, declining after rising the past two sessions. "The export sales were a little disappointing," said Ted Seifried, analyst at brokerage the Zaner Group.

  • SAO PAULO, July 28- Brazil's biggest retailer, GPA SA, posted a much wider than expected quarterly loss on Thursday as costs surged and a deep recession depressed sales, sending its shares plunging more than 10 percent. São Paulo-based GPA, which is controlled by France's Casino Guichard Perrachon& Cie, lost 583 million reais last quarter, much wider than the loss...

  • July 28- Eli Lilly and Co said it received a civil investigative demand from the U.S. attorney's office for the southern district of New York, requesting documents and information relating to contracts with pharmacy benefit managers.

  • *MOF preparing statement in case BOJ eases. TOKYO, July 29- The Bank of Japan, under pressure from the government, is considering specific steps for expanding monetary stimulus on Friday to address signs of weakness in inflation, people familiar with its thinking said. The Ministry of Finance is lobbying hard for the BOJ to ease policy further and has prepared a...

  • *EDF board votes 10-7 in favor of UK project-source. PARIS, July 28- The board of French EDF on Thursday gave the go-ahead for the state-controlled utility's controversial project to build two nuclear reactors in Hinkley Point, Britain, a source familiar with the situation told Reuters. If Magnin had not resigned and had voted against Hinkley Point, the Hinkley...

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, big extra costs for Ford, and consumer confidence plunging. One of Britain's biggest car dealerships, Inchcape, predicted growth in new car registrations would fall. The 2016 impact of Brexit...