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Wires

  • July 21- The U.S. Department of Labor on Friday ordered Wells Fargo& Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement. In a different case, the Department of Labor in April ordered Wells...

  • "Second half of 2017 will be better than 2016, but we might not get to the 2015, 2014 levels this year," said Kathleen Smith, principal of Renaissance Capital LLC, a manager of IPO-focused exchange-traded funds. A star-studded lineup of companies including ride-hailing company Uber Technologies Inc, home-sharing company Airbnb and music streaming service...

  • WASHINGTON— National Association of Realtors releases existing home sales for June, 10 a.m.. WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.; The Conference Board releases the Consumer Confidence Index for July, 10 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Commerce...

  • NEW DELHI, July 21- India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country's law, a health ministry official said on Friday. Philip Morris advertises Marlboro cigarettes, the worlds best-selling brand, at...

  • INDIA TO SEEK EXPLANATION FROM PHILIP MORRIS INTERNATIONAL INC ABOUT MARKETING PRACTICES IN THE COUNTRY GOVERNMENT OFFICIAL.

  • *Europe stock index drops, Germany's DAX off 1.7 pct. NEW YORK, July 21- The U.S. dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank and obstacles to U.S. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining...

  • July 21- Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. But mortgage rates are starting to inch...

  • 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. Critics hold that the current Supreme Court justices were named illegally by the ruling Socialist Party and rushed in...

  • July 21- The U.S. Department of Labor on Friday ordered Wells Fargo& Co to pay $575,000 and rehire a whistleblower the bank dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement. The name of the whistleblower was not disclosed. Representaties for the...

  • BISMARCK, N.D.— North Dakota regulators approved a plan by the developer of the Dakota Access oil pipeline to replace trees removed during construction, but the permission won't impact an upcoming decision on whether Texas- based Energy Transfer Partners is fined for removing too many. Public Service Commission Public Utilities Director Patrick Fahn...

  • DALLAS _ Abeona Therapeutics Inc. on Friday reported a loss of $12.6 million in its fourth quarter. Abeona Therapeutics shares have more than doubled since the beginning of the year. Keywords: Abeona Therapeutics, Earnings Report.

  • *OPEC July production to rise 145,000 bpd- Petro-Logistics. *OPEC, non- OPEC committee to discuss oil pact in Russia. NEW YORK, July 21- Oil prices fell more than 2 percent on Friday after a consultant forecast a rise in OPEC production for July despite the group's pledge to curb output, reigniting concerns the global market will stay awash with crude.

  • SAO PAULO, July 21- Brazilian stocks dropped on Friday as falling prices of crude oil and an increase in fuel taxes weighed on shares of state-controlled oil company Petróleo Brasileiro SA. Preferred shares in Petrobras, as the company is known, slipped 2.3 percent, subtracting the most points from Brazil's benchmark Bovespa stock index.

  • Chris Christie, a close political ally of President Donald Trump, is urging him and Congress not to ban internet gambling in the United States. Christie, a fellow Republican, signed a bill Friday calling on Trump, a former Atlantic City casino owner, and Congress not to enact a nationwide ban on internet gambling. The bill passed by the New Jersey Legislature and...

  • WASHINGTON, July 20- The regulatory agenda released by the Trump administration on Thursday contained a signal that the U.S. government has halted its work on restricting Wall Street executives' bonuses and other pay incentives. The 2010 Dodd-Frank Wall Street reform law called for federal banking and securities regulators to create limits on...

  • July 21- Canadian oil and gas producer Husky Energy Inc sees an increased opportunity for asset purchases, but will have a "high bar" for determining whether to buy, company Chief Executive Officer Rob Peabody said on Friday. Husky on Friday reported a net loss of C $93 million, or 10 Canadian cents per share, in the second quarter ended June 30, compared with a loss of C...

  • *GE falls as quarterly profit slides nearly 60 pct. July 21- U.S. stock indexes pared losses, helped by a rise in Visa in early afternoon trading on Friday, but weak earnings from industrial heavyweight General Electric weighed. Shares of GE fell as much as 5.4 percent to their lowest level since Oct 2015, as the company reported a nearly 60 percent slump in profit and...

  • ATHENS, Greece— Ratings agency Standard& Poor's has raised its outlook for Greece from "stable" to "positive," encouraged by a recent round of cost-cutting reforms and an expected return to growth this year. In a statement Friday, S&P said the revision reflects an expectation that Greece's debts and debt servicing costs will "gradually decline" on the back of the...

  • OIL DRILLERS CUT RIGS FOR SECOND WEEK SINCE JANUARY- BAKER HUGHES.

  • LONDON, July 21- British finance minister Philip Hammond told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European Union, a source familiar with the talks said. The source said Hammond made a presentation to the Goldman Sachs board on June 29 when chief executive Lloyd Blankfein was...