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Wires

  • HOUSTON, July 28- Exxon Mobil Corp posted a rare earnings miss on Friday, the only international oil producer to do so last quarter, as production slipped in its African and Canadian operations. Chevron for years has downplayed profits to spend heavily on megaprojects in Australia, the U.S. Shares of Exxon fell about 2.0 percent to $79.17 in Friday afternoon...

  • July 28- TransCanada Corp, Canada's No.2 pipeline operator, will make a final investment decision on its Keystone XL project by December, the company said on Friday as it reported a better-than-expected profit. The expansion increases the capacity of the current Keystone system from Canada's oil-producing Alberta province to the Gulf of Mexico.

  • NEW YORK, July 28- A U.S. judge on Friday said investors may pursue part of their nationwide antitrust lawsuit accusing 12 of the world's biggest banks of conspiring to rig the $275 trillion market for interest rate swaps. District Judge Paul Engelmayer in Manhattan said 11 of the banks, including Bank of America Corp and JPMorgan Chase& Co, must defend against...

  • *Shell extends force majeure of Nigeria's Bonny Light oil. Brent crude futures were up 86 cents at $52.35 a barrel at 1:27 p.m. EDT after reaching a two-month high of $52.68 a barrel. West Texas Intermediate crude futures were up 57 cents at $49.61 a barrel, after also touching a two-month peak of $49.78 a barrel.

  • WASHINGTON— The U.S. economy acquired an exclusive label Friday: Recession-free for eight full years. No wonder: Despite its longevity, this expansion has delivered subpar gains in its pace of growth, full-time hiring and pay increases since it emerged from the wreckage of the Great Recession in June 2009. Still, the economy is hardly the disaster that President...

  • July 28- The Federal Reserve's $4.5 trillion balance sheet is not doing a lot to boost the U.S. economy right now and trimming it gradually is the right thing to do, Minneapolis Fed President Neel Kashkari said on Friday. The U.S. central bank should address too-low inflation through interest rates instead, Kashkari told a business group in Woodbury, Minnesota.

  • NEW YORK, July 28- What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? The preponderance of Amazon mentions by executives and Wall Street analysts is the latest indication of its rapidly expanding reach. Its move last month to buy upscale grocer Whole Foods Market Inc for nearly $14 billion has added fresh fuel to the...

  • LAS VEGAS, July 28- Hackers attending this weekend's Def Con hacking convention in Las Vegas were invited to break into voting machines and voter databases in a bid to uncover vulnerabilities that could be exploited to sway election results. Fears of digital election interference have grown since the end of last year, when top U.S. intelligence agencies said...

  • More than 1 million magnetic dry erase boards are being recalled because the metal surface can separate and pose a hazard. Other recalled consumer products include self-balancing scooters with batteries that can overheat. They were sold through Really Good Stuff catalogs nationwide and at www.reallygoodstuff.com from March 2003 through April 2017.

  • WASHINGTON, July 28- The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan's yen, and China's yuan as broadly in line with fundamentals. The IMF's External Sector Report- an annual assessment of currencies and...

  • HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958.. Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma increased by three and Louisiana, Ohio, West Virginia and Wyoming each gained one. Alaska, Arkansas, California, Colorado, North Dakota, Pennsylvania and Utah were all unchanged.

  • MERIDA, Mexico, July 28- U.S Agriculture Secretary Sonny Perdue said on Friday he hoped farm business with Mexico would not suffer due to President Donald Trump's drive to get a better deal for manufacturers. His remarks came before U.S.- Mexico talks to revamp the 23- year-old North American Free Trade Agreement were due to begin on Aug. 16 in Washington.

  • July 28- Five of the largest U.S. pay-TV providers posted subscriber losses during the second quarter as younger viewers increasingly cut the cord and moved to "skinny bundles," or cheaper packages with select channels, and Internet streaming services like Netflix or Hulu. Comcast Corp, the biggest cable company, shed 34,000 video subscribers during the quarter,...

  • NEW YORK, July 28- Wells Fargo& Co began examining the way its auto lending unit enrolled borrowers into insurance policies a year ago, but did not plan to disclose problems it uncovered until it was ready to issue reimbursements to affected customers, its head of consumer lending told Reuters on Friday. In an interview, Franklin Codel said the business started...

  • SANTIAGO, July 28- The union representing workers at Lider, Wal-Mart Stores Inc's main supermarket chain in Chile, said on Friday they had voted to go on strike for higher pay. "We are awaiting the final result from the work directorate, but we can say that our union approves the strike with 9,850 votes, or 63.4 percent of the total," the union announced on its Facebook...

  • Some congressional bills that aimed to dismantle the Affordable Care Act would have continued those payments, but that latest push fell apart early Friday morning in a narrow Senate vote. Without the subsidies, estimated at $7 billion a year, insurers would either charge much more for coverage, or decide not to offer coverage at all. President Donald Trump has...

  • AUSTIN, Texas— Police in Austin, Texas, will pull nearly 400 Ford Explorer SUVs from their patrol fleet amid complaints of exhaust fumes inside the vehicles that have sickened some officers. Austin police installed carbon monoxide alarms in the department's Explorers after officers reported becoming sick. Austin Police Interim Chief Brian Manley says more...

  • WASHINGTON, July 28- The U.S. Senate Banking Committee's top Democrat said on Friday that the latest Wells Fargo& Co scandal, where customers were wrongly charged, shows that regulatory reforms resulting from the financial crisis should not be dismantled. "Wells Fargo has a lot of explaining to do, and we cannot let up until every single customer is made whole,"...

  • WASHINGTON— The Latest on emergency spending legislation for the Department of Veterans Affairs:. The House has approved a $3.9 billion emergency spending package to address a budget shortfall at the Department of Veterans Affairs that threatens medical care for thousands of veterans. After a week of debate and protests by veterans' groups, Congressional...

  • NEW YORK, July 28- Wells Fargo& Co began examining the way its auto lending unit enrolled borrowers into insurance policies a year ago, but did not plan to disclose problems it uncovered until it was ready to issue reimbursements to affected customers, its head of consumer lending told Reuters on Friday. In an interview, Franklin Codel said the business started...