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  • WASHINGTON, July 26- U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/ 2 years in June, suggesting sustained momentum in the economy. The largely unchanged data followed Britain's stunning vote last month to leave the European Union, which rattled global financial markets and led to a dip in other...

  • The deal will "minimize further sales disruption" from the Sport Authority bankruptcy, UBS Equities analyst Michael Binetti wrote in a note. Revenue soared nearly 28 percent in the second quarter, driven by a 58 percent jump in footwear sales due to demand for basketball shoes endorsed by NBA star Stephen Curry. "The Stephen Curry signature line has continued to...

  • The survey was the first to measure consumers' mood since Britain voted June 23 to leave the European Union. "The fact that the index was virtually unchanged reaffirms a degree of resilience on the part of consumers," said Jim Baird, chief investment officer at Plante Moran Financial Advisors. Consumers may have welcomed lower gasoline prices: The average price of...

  • WASHINGTON— The White House says the world is facing a "revolution" of the cyber threat and is issuing a response plan for the federal government to use after major cyberattacks. White House homeland security and counterterrorism adviser Lisa Monaco says Russia and China are developing more assertive and sophisticated cyber capabilities.

  • July 26- JetBlue Airways Corp's quarterly profit beat Wall Street estimates as the U.S. budget airline continued to benefit from lower fuel costs, and the company said it expects capacity to increase in the current quarter. "provides ability to start flights to Europe from other East Coast- focus cities, should we choose to do so," Chief Executive Robin Hayes said on...

  • United Tech's shares rose 2.5 percent to $107.25 in early trading on the New York Stock Exchange. "United Technologies avoided most of the air pockets buffeting the multi-industry sector this quarter," analyst Deane Dray, of RBC Capital Markets, wrote in a note. United Tech raised the low end of its full-year earnings forecast to $6.45 a share, from $6.30, while...

  • July 26- Wall Street investment bank Morgan Stanley named Dennis Nally, a former chairman of PricewaterhouseCoopers International Ltd, to its board.

  • TORONTO, July 26- Canada's main stock index made gains on Tuesday, helped by rising gold miners and other materials stocks as well as financials, while worries about oversupply of oil weighed on some energy names. At 10:01 a.m., the Toronto Stock Exchange's S&P/TSX composite index was up 35.71 points, or 0.25 percent, at 14,533.81. Barrick Gold Corp rose 2.1...

  • *Brent falls to $44.14 intraday, lowest since May 10. LONDON, July 26- Oil pared losses on Tuesday to trade below $45 a barrel, after falling to its lowest since May on concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. It fell to $44.14 intraday, the lowest since May 10.

  • The company's $1.09 in earnings per share, excluding restructuring costs, was better than analysts' expectations of 96 cents, but below a revised $1.40 a year ago. The world's largest construction and mining equipment maker lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects...

  • NEW YORK, July 26- The Panama Papers financial scandal is going to Hollywood. American director Steven Soderbergh is also producing a movie about the scandal based on a different book, the upcoming " Secrecy World" by U.S. reporter Jake Bernstein, Hollywood industry publications reported earlier this month. The Netflix film will be based on the account of German...

  • July 26- Shares of Mobileye NV, an Israeli maker of driving-assistance chips and software, plummeted on Tuesday after the company said its contract with Tesla Motors Inc would not be renewed after its expiry. The company's shares fell as much as 13.7 percent to $42.56, their biggest intraday fall since January. Tesla Chief Executive Elon Musk said in his latest "...

  • BAKU, Azerbaijan— A health official in Azerbaijan says at least 20 people have been injured in an explosion at a defense plant. The plant is managed by the Defense Industry Ministry, but its exact products are not stated on the ministry's website. Azerbaijan is an oil-rich nation on the Caspian Sea.

  • CARACAS/ BOGOTA, July 26- Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the world's largest crude reserve. Trenaco, headquartered in Switzerland but largely...

  • Freeport said it plans an at-the-market offering of common stock, a move that will likely weigh on its stock, Clarksons Platou Securities' Jeremy Sussman said. Its shares were last trading at $11.79, down 69 cents on the New York Stock Exchange. Earlier, Freeport said its net loss attributable to common stock narrowed to $479 million, or 38 cents per share, in the...

  • July 26- Wall Street was little changed on Tuesday morning as investors assessed a host of corporate earnings reports and braced for the Federal Reserve's policy meeting. Traders have priced in an 18.7 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool. Strong economic data, an...

  • US DOLLAR GAINS TO $1.099 AGAINST EURO AFTER DATA SHOWS US HOME SALES RISE IN JUNE.

  • NEW YORK, July 26- If anyone knows the value of a penny, it is the owner of a restaurant. Bastianich is the force behind New York institutions like Babbo, Becco and Del Posto. His next project: Opening a new location of Italian food emporium Eataly at New York's World Trade Center.

  • WASHINGTON, July 26- New U.S. single-family home sales rose more than expected in June, reaching their highest level in nearly 8-1/ 2 years, the latest sign that the housing market was gathering momentum. The Commerce Department said on Tuesday new home sales increased 3.5 percent to a seasonally adjusted annual rate of 592,000 units last month, the highest level...

  • WASHINGTON— US sales of new homes rose 3.5 percent in June to best level since February 2008, a sign of broader economic strength.