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Wires

  • San Jose, California- based eBay forecast third-quarter adjusted earnings of 46 cents to 48 cents per share. Analysts on average were expecting 48 cents, according to Thomson Reuters I/B/E/S. Revenue for the just-ended quarter rose 4.4 percent to $2.33 billion, beating analysts' estimates of $2.31 billion.

  • WASHINGTON, July 20- U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included. Ryan's remarks, coming about a week ahead of an end-of-July deadline for top White House...

  • MILWAUKEE _ Sensient Technologies Corp. on Thursday reported second-quarter earnings of $30.8 million. Sensient expects full-year earnings in the range of $3.40 to $3.45 per share. Sensient shares have risen roughly 4 percent since the beginning of the year.

  • MEXICO CITY, July 20- Mexico's Grupo Financiero Banorte, one of the country's largest banks by assets, on Thursday reported a 23 percent rise in second-quarter net profit, propelled by growth across its divisions. Despite the turbulent relations between the United States and Mexico following the election of U.S. "The worst has passed and nothing happened," he said...

  • SAN FRANCISCO, July 20- Microsoft Corp reported better-than-expected quarterly profit and revenue on Thursday, helped by strong performance in its fast-growing cloud business. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended...

  • WASHINGTON, July 20- U.S. Senate Republicans, scolded by President Donald Trump for failing to overturn Obamacare, tried to salvage their seven-year effort for a new healthcare law on Thursday, but leading senators indicated frustration over shifting goal posts. Trump on Wednesday told the Senate's fractured Republican majority to revive a bill to repeal and...

  • July 20- Visa Inc, the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its annual earnings forecast, as more people across the United States and Europe used its payments network. Visa, which generates revenue by facilitating credit- and debit-card transactions, has benefited from increased...

  • TORONTO, July 20- Canada's bond market is signaling the Bank of Canada will not reach its 2 percent inflation target anytime soon, suggesting the central bank is unlikely to pull off more than one more rate hike even as money markets see further tightening into 2018.. Economists expect the Bank of Canada to raise its policy rate again in October after having hiked...

  • *Qatar signs accord with U.S. amid Gulf dispute. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf state finances Islamist militants throughout the region. But a Western official in the Gulf who has seen the document said it specifies actions Qatar will take by the end of the year, including...

  • WASHINGTON, July 20- The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint. Officials also reconsidered 391 active regulatory proceedings by reclassifying them...

  • A lobbying group that represents Alphabet Inc's Google, Amazon.com Inc, Microsoft Corp and Facebook Inc filed comments with the U.S. International Trade Commission. Intel and Apple rival Samsung are members of the group, called the Computer& Communications Industry Association. "If the ITC were to grant this exclusion order, it would help Qualcomm use its...

  • BOSTON, July 20- Chipotle Mexican Grill Inc shares fell to a four-year low on Thursday after testing confirmed Norovirus in a customer who ate at one of the chain's Virginia restaurants and a video of rodents crawling on the floor of a Dallas shop went viral. Testing confirmed Norovirus in one customer who ate at the Virginia Chipotle restaurant that was briefly...

  • SAN FRANCISCO/ WASHINGTON, July 20- Tech entrepreneur Elon Musk on Thursday said he had received "verbal" approval to start building an ultra-high-speed underground transport system linking New York and Washington that would cut travel time between the cities to about half an hour. Musk recently started an enterprise called the Boring Company to build...

  • WASHINGTON, July 20- U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included. Ryan's remarks, coming about a week ahead of an end-of-July deadline for top White House...

  • San Jose, California- based eBay forecast third-quarter adjusted earnings of 46 to 48 cents per share. Analysts on average were expecting 48 cents per share, according to Thomson Reuters I/B/E/S. "Results and guidance suggest the year is' on track,' although there will be some disappointment without a solid beat and raise," Baird Equity Research analyst Colin...

  • CHICAGO, July 20- Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. In its restructuring announcement, seen as a defense against both Glencore and activist investor Carlson Capital,...

  • CHICAGO, July 20- Illinois avoided becoming the first U.S. state with a junk credit rating on Thursday after Moody's Investors Service kept the fiscally challenged state at the lowest investment grade level. The Democratic-controlled legislature enacted a $36 billion budget and $5 billion income tax increase on July 6 by overriding the vetoes of Republican...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • PHILADELPHIA _ Republic First Bancorp Inc. on Thursday reported second-quarter net income of $2.1 million. The bank, based in Philadelphia, said it had earnings of 4 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 20- The president of the United Auto Workers union said on Thursday the union is talking with General Motors Co about the potential threat to plants and jobs from slumping U.S. car sales. "We are talking to right now about the products that they currently have" at underused car plants such as Hamtramck in Michigan and Lordstown in Ohio, and whether they might be...