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  • US DOLLAR RETRACES EARLIER GAINS FROM FED STATEMENT AGAINST EURO AND YEN, TRADES LITTLE CHANGED.

  • July 27- Health insurer Anthem Inc on Wednesday vowed to fight U.S. government efforts to block its planned acquisition of Cigna Corp and said it expects to lose money this year on its business selling individual health coverage under President Barack Obama's healthcare law. Anthem has argued that its planned $45- billion purchase of Cigna will give it...

  • SOUDERTON, Pa. _ Univest Corp. of Pennsylvania on Wednesday reported second-quarter profit of $5.2 million. The Souderton, Pennsylvania- based bank said it had earnings of 27 cents per share. The holding company for Univest Bank and Trust Co. posted revenue of $37.7 million in the period.

  • BOSTON, July 27- Stephen Blyth, who was appointed to oversee Harvard University's endowment only 18 months ago, has resigned, the Ivy League school said on Wednesday, creating further uncertainty about the management of its $37.6 billion pool of funds. Blyth, 48, was tapped as investment chief in late 2014 as it become more apparent that the Harvard's investment...

  • WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting ended:. Information received since the Federal Open Market Committee met in June indicates that the labor market strengthened and that economic activity has been expanding at a moderate rate. Job gains were strong in June following weak growth in May.

  • July 27- Saskatchewan Premier Brad Wall said on Wednesday he was not satisfied with Husky Energy Inc's emergency response to an oil spill into a river that supplies drinking water, and said the western Canadian province needed to consider ways to avoid a recurrence. Asked whether Saskatchewan should take steps to prevent future spills, such as requiring...

  • LONDON, July 27- SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to two sources familiar with the matter. Still, AB InBev's U.S.-listed shares fell nearly 4 percent and shares of Molson Coors, which is set to take over SAB's...

  • OIL PRICES EXTEND LOSSES SLIGHTLY; BRENT CRUDE SLIPS TO SESSION LOW AS DOLLAR RALLIES AFTER FED STATEMENT.

  • US DOLLAR RISES TO SESSION HIGH OF $1.0964 AGAINST THE EURO AFTER FED.

  • OIL PRICES HOLDS LOSSES AFTER FED KEEPS U.S. RATES UNCHANGED.

  • US DOLLAR GAINS AGAINST EURO AND YEN AFTER FED STATEMENT.

  • WASHINGTON— The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished. Some economists think a hike is possible in September, if hiring remains solid and the turbulence that followed Britain's vote to leave the European Union continues to stabilize. Esther George, the president of the Fed's...

  • NEW YORK, July 27- Investors disappointed with tepid bond yields have been hunting for income in the stock market- boosting to near record highs the outperformance of dependable dividend paying companies and going beyond those usual suspects to corners of the market not typically known for their payouts. In doing so, investors may be taking on added risk,...

  • CHICAGO, July 27- Oreo maker Mondelez International Inc is fighting back against aggressive rivals in North America after its share of the biscuit market there declined in the second quarter, the company said on Wednesday. "Mondelez has suffered from a general slowdown in consumer demand for snacks across the globe, in particular in those countries that were...

  • CAMBRIDGE, Massachusetts— The chief of Harvard University's $37 billion endowment is resigning after less than two years at the helm. Harvard Management Company, the university's investment arm, announced on Wednesday that President and CEO Stephen Blyth will resign immediately for unspecified personal reasons. Robert Ettl was named interim CEO during...

  • PRAGUE, July 27- The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros. "The Czech government today approved cooperation with GE Aviation," Industry Minister Jan Mladek said on Twitter. GE Aviation announced plans in January to build a new turboprop...

  • The FDIC issues federal bank licenses. "That's a growth trajectory that the FDIC traditionally hasn't been comfortable with," Cagney said. FDIC spokesman David Barr declined to comment.

  • *Fed statement expected at 2:00 p.m. ET. July 27- Wall Street was lower on Wednesday as disappointing results from Coca-Cola and weak oil offset gains fueled by Apple, and ahead of the Federal Reserve's decision on interest rates. "The Fed clearly will not raise interest rates," said Chris Zaccarelli, chief investment strategist at Cornerstone Financial...

  • The FDIC issues federal bank licenses. "That's a growth trajectory that the FDIC traditionally hasn't been comfortable with," Cagney said. FDIC spokesman David Barr declined to comment.

  • MEXICO CITY, July 27- Mexico's oil regulator on Wednesday said state-owned oil company Pemex must take a minimum 45 percent stake in its first-ever proposed joint venture with would-be private partners to develop oil reserves in the Gulf of Mexico' s deep waters. Global oil majors are widely expected to bid in the December auction to help develop the Trion light...