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  • July 25- Wall Street opened slightly lower on Monday as investors braced for another set of corporate earnings and awaited the Federal Reserve's monetary policy meeting. Even with recent data pointing to the U.S. economy being on strong footing, the Fed is still cautious about pulling the trigger due to global uncertainty sparked by Britain's vote to leave the...

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service months earlier than originally planned, the government said on Monday, its latest move to toughen rail safety in the wake of a deadly 2013 crash. The change moves Canada's retrofit schedule further ahead of the United States, limiting the number of cars that can be used on cross-border...

  • RIO DE JANEIRO, July 25- Brazil will face a prolonged period of rising taxes, high interest rates and stagnant growth if Congress fails to pass a cap on public spending, Finance Minister Henrique Meirelles told the Folha de S.Paulo newspaper in an interview published on Monday. "If a cap on spending for health and education is not approved there will be no other exit,...

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service months earlier than originally planned, the government said on Monday, its latest move to toughen rail safety in the wake of a deadly 2013 crash. Some of the older tankers, called DOT-111 cars, had been scheduled to go out of service on May 1, 2017, with a jacketed version of the older cars...

  • LONDON, July 25- Oil prices fell to two and a half month lows on Monday amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were trading at $44.86 a barrel at 1334 GMT, down 83 cents from their previous close, and at their lowest since May 11. U.S. crude was down 92 cents at $43.28 a barrel, its lowest since...

  • *Plan to locate in Texas or Louisiana. DUBAI/ KHOBAR, July 25- Saudi Basic Industries Corp, one of the world's largest petrochemicals groups, said on Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. The project will be on the United States' Gulf Coast, possibly in Texas or Louisiana, and will include a production...

  • The company in February received an offer for its 80.5 percent stake in Qiyi.com Inc from Robin Yanhong Li, head of Baidu, and Yu Gong, chief executive officer of Qiyi.com. All of iQiyi was then valued at $2.8 billion. Baidu, known as China's Google, bought the majority stake in the then loss-making iQiyi in 2012, a push into the highly competitive Chinese digital...

  • LONDON, July 25- Europe's first regulated bitcoin product- an asset-backed exchange-traded instrument that will invest exclusively in the digital currency- begins trading this week on the Gibraltar Stock Exchange and Germany's Deutsche Boerse. BitcoinETI will be available through regulated brokerages across Europe, and settlement will be handled...

  • July 25- Drug developer Ocular Therapeutix Inc said the U.S. Food and Drug Administration had denied approval for its treatment for post-operative eye pain. The company said the FDA raised concerns related to its manufacturing process after an inspection of its facility. The company said there were no clinical issues identified in the FDA's letter and that it...

  • DETROIT, July 25- An internal review that Fiat Chrysler Automobiles conducted from mid-2015 found that U.S. sales figures were inflated by 5,000 to 6,000 vehicles, partly amid pressure to keep the company's year-over-year monthly sales streak alive, the Automotive News reported Monday, citing two sources at FCA. An FCA spokeswoman declined to comment on...

  • TORONTO, July 25- Canada will take older tank cars out of crude-by-rail service months earlier than originally planned, the government said on Monday, its latest move to toughen rail safety in the wake of a deadly 2013 crash. Some of the older tankers, called DOT-111 cars, had been scheduled to go out of service on May 1, 2017, with a jacketed version of the older cars...

  • NEW YORK, July 25- Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. "Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new...

  • INFLATED SALES FIGURES ISSUED IN PART DUE TO PRESSURE TO KEEP MONTHLY SALES GROWTH STREAK ALIVE- AUTOMOTIVE NEWS.

  • FIAT CHRYSLER CONDUCTED INTERNAL REVIEW THAT SHOWED 5,000 TO 6,000 IN INFLATED U.S.

  • Engaged Capital, Outerwall's second-largest shareholder, had a 14.1 percent stake in the company as of June 2. LionTree Advisors, Bank of America Merrill Lynch, Barclays, Credit Suisse and Jefferies LLC are advising Apollo. Bank of America Merrill Lynch, Jefferies Finance LLC, Barclays and Credit Suisse are providing the financing for the deal.

  • July 25- Wall Street was set to open little changed on Monday as investors assessed another set of corporate earnings and ahead of the Federal Reserve's policy meeting. Even with recent data pointing to the U.S. economy being on strong footing, the Fed is still cautious about pulling the trigger due to global uncertainty sparked by Britain's vote to leave the...

  • July 25- E* Trade Financial Corp said it would buy the parent of online brokerage OptionsHouse for $725 million in cash, as the company looks to better compete in derivatives trading. Chicago- based OptionsHouse currently operates 154,000 customer accounts and has $3.6 billion in customer assets, including $1.4 billion in cash. OptionsHouse is an indirect...

  • NEW DELHI, July 25- Indian Finance Minister Arun Jaitley will meet state ministers on Tuesday to put pressure on the opposition Congress party to back a long-delayed sales tax reform whose chances have again been thrown into doubt by a parliamentary standoff. Yet Congress has been angered by a federal investigation launched last week against one of its former...

  • July 25- Outerwall Inc, the owner of Redbox video rental kiosks, said it had agreed to be bought by the affiliates of private equity firm Apollo Global Management LLC, in a deal valued at about $1.6 billion. The cash offer of $52 per share is a premium of 10.9 percent to the stock's Friday close. Outerwall said in March that it would explore strategic and financial...

  • July 25- Drug developer Ocular Therapeutix Inc said the U.S. Food and Drug Administration had denied approval for its treatment for post-operative eye pain.