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Wires

  • JOHANNESBURG, July 24- South African cement maker PPC said on Monday its chief executive officer Darryll Castle will step down immediately to pursue other interests, sending its share price down more than 7 percent. Darryll Castle seemed to have steadied the company and the timing of this raises questions given the recent resignation of Tito Mboweni as well, "...

  • *Excess capacity seen in Spain, Italy, Portugal. DUBLIN, July 24- Ryanair warned rivals on Monday that it may cut its fares in late summer by as much as 9 percent from last year, triggering a share sell-off by investors concerned about the impact on profitability. Europe's largest airline by passenger numbers, Ryanair has helped drive down short-haul ticket prices...

  • Linkin Park has returned to the charts after lead singer Chester Bennington's death last week. "One More Light" topped Amazon's list of best-selling albums Monday, while "Hybrid Theory" was fifth. Bennington was found dead in his home near Los Angeles on Thursday.

  • July 24- Britain's sweet and chocolate lovers have been hit hardest by shrinking packet sizes, according to official figures published on Monday. Over 2,500 household items are smaller now than they were in 2012, the Office for National Statistics said in a report on the trend among food producers and other manufacturers of offering consumers less for the...

  • PARIS/ SYDNEY, July 24- U.S. corn and soybean futures fell by about 2 percent on Monday as forecasts for rain and less intense heat curbed fears of production losses in the U.S. Grain markets are awaiting the U.S. Department of Agriculture's weekly crop ratings, published after the close of U.S. trading on Monday, for the latest indication of the weather impact, after a...

  • BERLIN— Germany says the Turkish government has withdrawn a request for information on nearly 700 companies that were flagged as having business ties with firms in Turkey that are being investigated on suspicion of terror financing. Plate added that the Turkish minister said there had been "a communications problem," and gave assurances that Turkish...

  • NEW YORK _ Arconic Inc. on Monday reported second-quarter earnings of $212 million. Arconic expects full-year earnings in the range of $1.15 to $1.20 per share, with revenue in the range of $12.3 billion to $12.7 billion. Arconic shares have climbed 36 percent since the beginning of the year.

  • DUBAI, July 24- Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion, the latest sign that the region's giant oil companies are increasingly turning to the debt markets to fund expansion. A third said it was expected to be in a range of $4 billion to $5 billion. The loan facility, which would have various maturities of up to five years, is...

  • Care Capital has a portfolio of healthcare properties focusing on the post-acute care sector. Sabra, which has a market valuation of about $1.6 billion, said in May it would buy Care Capital in an all-stock deal that would value the combined company at about $4.3 billion. Sabra had said it would benefit from lower costs of capital by merging with Care Capital and...

  • HONOLULU _ Bank of Hawaii Corp. on Monday reported second-quarter earnings of $44.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Bank of Hawaii shares have declined 8 percent since the beginning of the year.

  • ZURICH, July 24- Julius Baer could grow its assets under management by more than 40 percent in the coming decade to over 500 billion Swiss francs, Chief Executive Boris Collardi said on Monday. Julius Baer reported its most successful six months in attracting new assets from wealthy clients since the financial crisis, bringing its assets under management to 355...

  • KFAR-SAVA, Israel _ Silicom Ltd. on Monday reported second-quarter earnings of $4.2 million. On a per-share basis, the Kfar-Sava, Israel- based company said it had profit of 55 cents. Silicom shares have risen 25 percent since the beginning of the year.

  • *Gains driven by China demand, weather. *China to continue capacity cuts but not as rigorously. Recent gains are largely due to high demand in China, where power consumption has jumped more than 6 percent since the beginning of the year.

  • July 24- Toymaker Hasbro Inc's quarterly sales scraped past analysts' estimates, marking its smallest beat in more than one and a half years, propped up by demand for its Transformers and Nerf toys in the United States. Hasbro's shares were down 5 percent at $110.25 before the bell on Monday. Jefferies analyst Stephanie Wissink said most of the company's revenue...

  • July 24- Halliburton Co swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent. The company's revenue from North America surged 83 percent to $2.77 billion in the second quarter, due to increased demand for pumping and...

  • LONDON, July 24- British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019.. The committee's chairwoman, Kishwer Falkner, said there will need to be cooperation between British and EU supervisors and Britain will need to maintain its influence in global...

  • RICHARDSON, Texas _ Lennox International Inc. on Monday reported second-quarter net income of $115.5 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share. Thirteen analysts surveyed by Zacks expected $1.09 billion.

  • DELRAY BEACH, Fla. _ PetMed Express Inc. on Monday reported fiscal first-quarter earnings of $9.3 million. On a per-share basis, the Delray Beach, Florida- based company said it had net income of 45 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, July 24- Hedge fund managers have continued to cover short positions in crude oil and gasoline, helping lift prices across the petroleum complex against a backdrop of improving fundamentals. Hedge funds and other money managers reduced short positions in the five major petroleum futures and options contracts by a further 44 million barrels in the...

  • ATHENS, July 24- In its first attempt to return to the bond market in three years as its debt crisis eases, Greece on Monday invited holders of its 4.75 percent outstanding bonds maturing in 2019 to tender them for cash, along with a plan to offer new five-year paper. Greece last ventured into international bond markets with two issues in 2014, a year before then...