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Wires

  • SAO PAULO/ BOGOTA, July 21- The busiest week for initial public offerings in Brazil in four years ended on Friday on an upbeat note for issuers, as a nascent economic recovery and the passage of key economic reforms helped to lure global investors. Brazilian stocks and its currency have outperformed Latin American peers in recent weeks as President Michel...

  • WASHINGTON, July 21- Frontier Airlines, American Airlines and Delta Air Lines have been fined for violating U.S. Transportation Department airline consumer protection rules, the department said on Friday. Frontier Airlines was fined $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make timely refunds to...

  • NEW YORK, July 21- U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes...

  • NEW YORK, July 21- Digital currency bitcoin on Friday averted a split into two currencies after its network supported an upgrade to its software that would enhance its ability to process an increasing number of transactions. Demand for bitcoin has grown in eight years to a market capitalization of more than $40 billion. After hitting record high near $3,000,...

  • WASHINGTON, July 21- President Donald Trump signed an executive order on Friday initiating a government-wide review of the U.S. defense industry and suggest changes to strengthen it. The review is intended to identify and address potential weak points in the defense manufacturing base including companies that could go out of business and leave gaps in the...

  • WASHINGTON, July 21- Heads of the U.S. financial regulatory agencies will meet behind closed doors next Friday to discuss MetLife Inc's lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms put in place in response to the financial crisis. The regulators, who comprise the Financial Stability Oversight...

  • MENDOZA, Argentina, July 21- The members of South America's Mercosur trade bloc inked a trade deal with Colombia on Friday to allow limited quantities of tariff-free trade in products including automobiles, textiles and agrochemicals, Argentina's and Colombia's governments said. The deal, reached during a summit in Mendoza, Argentina between Mercosur...

  • WASHINGTON, July 21- The U.S. Transportation Department said on Friday it has fined Frontier Airlines, American Airlines and Delta Air Lines for violating the departments airline consumer protection rules. The department said it fined Frontier Airlines $400,000 for violating oversales and disability rules, American Airlines $250,000 for failing to make...

  • FRANKFURT, July 22- Business is going well so far this year, Volkswagen's chief executive officer Matthias Mueller said in a newspaper interview published on Saturday. The German carmaker has been hit with fines from its global diesel emissions fraud scandal, and is suffering from a slowdown in the sales of diesel cars. Asked by the Rheinische Post newspaper...

  • CARACAS, July 21- Venezuela's opposition-led congress on Friday appointed alternative judges to the country's Supreme Court, whose current pro-government members have been a bedrock of support for leftist President Nicolas Maduro. "We're not backing down, Venezuela will have a Supreme Court of Justice and institutions at the service of the people and not at...

  • WASHINGTON, July 21- Heads of the U.S. financial regulatory agencies will meet behind closed doors next Friday to discuss MetLife Inc's lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms arising from the financial crisis. The regulators, who make up the Financial Stability Oversight Council, and...

  • General Electric Co., down 78 cents to $25.91. Capital One Financial Corp., up $6.93 to $87.94. Visa Inc., up $1.49 to $99.60.

  • NEW YORK, July 21- U.S. prosecutors have decided to drop criminal charges against two former JPMorgan Chase& Co derivatives traders implicated in the "London Whale" trading scandal that caused $6.2 billion of losses in 2012.. In seeking the dismissal of charges against Javier Martin-Artajo and Julien Grout, the Department of Justice said it "no longer believes...

  • Treasury bills due to be repaid in October faced their worst weekly performance since March on concerns that debt payments may be delayed if Congress fails to raise the nations debt limit before the government runs out of money. The Congressional Budget Office said last month that Congress would need to raise the debt limit by early to mid-October to avoid a...

  • NEW YORK— U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10- day rally for technology companies came to an end. But Wall Street mostly avoided the sharp losses that hit European stocks. The Russell 2000 index of smaller-company stocks gave up 6.52 points, or 0.5 percent, to 1,435.84.

  • HATTIESBURG, Miss. _ The First Bancshares Inc. on Friday reported second-quarter profit of $2.4 million. The First Bancshares shares have decreased 2 percent since the beginning of the year. Keywords: The First Bancshares, Earnings Report.

  • ISTANBUL, July 21- Ratings agency Fitch on Friday maintained its "junk" rating on Turkey's sovereign debt, citing domestic political and regional risks as well as the impact of economic stimulus measures that could weaken the country's fiscal performance. While noting that economic stimulus measures have boosted growth this year, it said they would weigh on...

  • PHOENIX— New generations of children growing up in a tiny American Indian tribe in Arizona have lost a key way of learning to speak their native language, and it may not be coming back. A private land developer stopped making payments five years ago that funded language development in Hopi schools and helped 18 other tribes in Arizona build schools, youth camps...

  • NEW YORK— Wells Fargo is being ordered to reinstate a branch manager it fired in 2011 after the employee tried to blow the whistle on the bank's growing sales practices scandal. The Department of Labor on Friday also ordered Wells Fargo to pay $577,500 in back wages. Wells Fargo fired a California- based branch manager in September 2011 when the manager raised...

  • July 21- With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities. Thats either in harmony with retail investors legendary ability to pick the top or a canny bet on global reflation. We find increasing evidence that the de-equitisation process, by which...