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  • MILAN, July 29- Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday.

  • CANONSBURG, Pa. _ CNX Coal Resources LP on Friday reported second-quarter earnings of $2.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. CNX Coal Resources shares have increased 38 percent since the beginning of the year.

  • NEW YORK/ LONDON, July 29- Gold rose to its highest level in nearly three weeks on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. The U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than economists' estimates of 2.6...

  • July 29- Genetically modified wheat developed by Monsanto Co, and never approved by federal regulators, has been found growing in a Washington state farm field, the U.S. Department of Agriculture said on Friday. The USDA is testing grain harvested from the farmer's other wheat fields as a precaution, the agency said. The grain has not been traced in commercial...

  • The Montreal- based carrier reported a profit that beat analysts' estimates on lower costs, but some other closely watched revenue metrics fell short of market expectations. Recent events in Europe, such as the Nice terror attack and Britain's decision to leave the European Union, softened demand in those markets, company executives told analysts on a...

  • WASHINGTON, July 29- U.S. auto safety regulators said on Friday they were extending oversight of Fiat Chrysler Automobiles NV for an additional year, requiring the Italian-American automaker to submit to monthly meetings and early disclosures of potential vehicle issues. In July 2015, Fiat Chrysler agreed to a $105 million settlement with the U.S. National...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices recovered on Friday after a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persisting glut. The Brent September contract, which expired as the front-month, settled at $42.46 a barrel, down 0.6...

  • July 29- A Delaware judge on Friday ruled that Sumner Redstone's lawyers must defend in a trial his move to oust five directors from Viacom Inc's board and suggested that he wants to get a better picture of the 93- year-old media mogul's mental capacity. In June, Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors,...

  • HARRISBURG, Penn., July 29- The Pennsylvania Attorney General's office unveiled on Friday the terms of a reform agreement with the charitable trust that controls Hershey Co that includes a 10- year term limit for trustees and limits on their compensation to $110,000. The agreement, which comes after an investigation of several months by the Attorney General's...

  • iTunes' Official Music Charts for the week ending July 28, 2016:. This Is What You Came For, Calvin Harris. 2. Major Key, DJ Khaled.

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • MANSFIELD, Pa. _ Citizens Financial Services Inc. on Friday reported second-quarter net income of $3 million. Citizens Financial Services shares have risen 3 percent since the beginning of the year. Keywords: Citizens Financial Services, Earnings Report.

  • WASHINGTON, July 29- U.S. economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment weakened further, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first...

  • Interactive Intelligence is working with boutique investment bank Union Square Advisors LLC on a sale process that has attracted other telecommunications software companies, as well as private equity firms, the people said this week. Union Interactive Intelligence declined to comment, while Union Square Advisors did not respond to requests for comment.

  • NEW YORK, July 29- The dollar dropped on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan's stimulus plans underwhelmed investors. U.S. gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said. "There were some aspects of...

  • *Alphabet, Amazon prop up S&P, Nasdaq. *2nd- qtr GDP growth up 1.2 pct vs est. 2.6 pct. July 29- Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.

  • NEW YORK, July 29- Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail investors are being gouged, or "front-run," by high-speed traders not to be true- at least not now. Professors Robert Bartlett and Justin McCrary said their findings contradict the common...

  • *Statoil hopes Carcará will replace Norway output in 2020 s. RIO DE JANEIRO/ OSLO, July 29- Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances. Petrobras Chief...

  • RIO DE JANEIRO, July 29- Ambev SA, a subsidiary of beverage company Anheuser Busch Inbev SA, missed quarterly profit estimates and gave up on expanding sales in Brazil this year, sending its shares to their lowest point in nearly seven months. The company is likely to struggle for the next two quarters as Brazil grapples with its worst recession in eight decades,...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan on Friday played down the weaker-than-expected gross domestic product growth reported for the second quarter. "You can't overreact to any one data point... this number will get revised," Kaplan told reporters in New Mexico after speaking to a community bankers association.