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  • NEW YORK, July 29- Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. The overall tone will be of an economy that is getting better at a reasonable pace, "said John Manley, chief equity strategist at Wells Fargo Funds...

  • FRANKFURT, July 30- Deutsche Bank showed a weaker reading in the European Union's banking stress test than most of its peers, indicating that the lender still has far to go in a revamp it launched last year. In a theoretical economic and financial shock, the capital level of Germany's flagship lender would drop to 7.8 percent from 10.8 percent at the end of last year,...

  • SAO PAULO/ MEXICO CITY, July 29- The Brazilian real strengthened on Friday, closing 1.63 percent higher against the dollar as the country's central bank refrained from intervening to curtail a rally triggered by lower expectations of U.S. rate increases this year. Also boosted by the U.S. data, the Mexico peso gained 0.69 percent to close at 18.76 pesos per dollar.

  • LONDON, July 29- Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy. "While a number of individual banks have clearly fared badly, the overall finding of the European Banking Authority- that...

  • AUSTIN, Texas— Texas fined Blue Bell Creameries for a listeria contamination last year linked to the deaths of three people, but the ice cream maker could end up paying only a fraction of the $850,000 penalty under an agreement announced Friday. The Texas company is required to immediately pay the state $175,000, but the rest will be forgiven under the terms of the...

  • July 29- If the Bank of Japan is indeed turning away from easier monetary policy as a means to fix its economy, then the only thing for certain is lower asset prices. "We do not believe it will be possible for the BOJ to achieve its inflation goal, or any inflation whatsoever, while the nation is depopulating: We believe deflation is the natural companion of a shrinking...

  • HOUSTON _ Willbros Group Inc. on Friday reported a loss of $6.4 million in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 9 cents per share. Willbros expects full-year revenue in the range of $750 million to $800 million.

  • CHICAGO, July 29- Chicago's cash-starved public schools borrowed $150 million to pay for capital projects in a privately placed deal with a yield of 7.25 percent, the nation's third largest school district announced on Friday. "Today, CPS sold $150 million in bonds for capital projects at a significantly more favorable interest rate than its last issuance," Ron...

  • EAU CLAIRE, Wis. _ National Presto Industries Inc. on Friday reported second-quarter earnings of $8.3 million. On a per-share basis, the Eau Claire, Wisconsin- based company said it had profit of $1.19. Keywords: National Presto Industries, Earnings Report.

  • Plan has approval from European Central Bank- sources. MILAN/ SIENA, July 29- Italian lender Monte dei Paschi di Siena unveiled a plan on Friday to prevent its centuries-old business from being wound up by regulators, a privately funded overhaul that Rome hopes will help stabilise the country's entire banking sector. Monte dei Paschi said it had secured...

  • Since debuting to wild adulation in the U.S., Australia and New Zealand this month, the game from Google spinoff Niantic Inc. has spread like wildfire, launching in more than 30 countries or territories— but not Brazil. Even Rio Mayor Eduardo Paes went to Facebook to urge Niantic investor Nintendo to release the game in Brazil. One video circulating virally, with...

  • *Both down nearly 15 pct on month; WTI drop most since July 2015. NEW YORK, July 29- Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent, the biggest monthly loss in a year for U.S. crude. Hedge funds, some of the biggest bulls in oil, slashed...

  • WASHINGTON— President Barack Obama has signed into law a bill that will require labeling of genetically modified ingredients for the first time. The Agriculture Department has two years to write the rules, which will pre-empt a Vermont law that kicked in earlier this month. Congressional passage came over the strong objections of Vermont's congressional...

  • LISBON, July 29- Portugal's largest listed bank, Millennium bcp, said on Friday it obtained "clearly positive" results in the latest stress test by the European Central Bank, even as it posted a first-half loss after impairments for bad loans to clean up its books. BCP said it had a net loss of 197 million euros in the first half, after a year-ago profit, due mainly to the...

  • TORONTO, July 29- Canada's main stock index rose on Friday, as its large energy sector recouped some losses from earlier in the week with oil prices steadying, and miners gained with gold trading at a three-week high. The Toronto Stock Exchange's S&P/TSX composite index closed up 30.02 points, or 0.21 percent, at 14,582.74. Barrick Gold Corp added 1.7 percent to C...

  • WASHINGTON— Advancing what could become a near-total rebuild of the U.S. nuclear weapons arsenal, the Air Force on Friday solicited industry proposals to build a new fleet of land-based nuclear missiles as well as replacements for its air-launched nuclear cruise missile force. The Air Force operates two of the three legs the nuclear arsenal— the bombers and...

  • BOSTON/ NEW YORK, July 29- It only took six months for some of the world's most prominent team-based hedge funds to go from winners to losers. Blackstone Group's Senfina Advisors, Citadel's Global Equities Fund and the Visium Global Fund were among the so-called multi-manager funds that cut into last year's sizable gains with deep losses over the first half of...

  • BERWICK, Pa. _ First Keystone Corp. on Friday reported second-quarter earnings of $2.5 million. First Keystone shares have increased 2 percent since the beginning of the year. Keywords: First Keystone, Earnings Report.

  • WPRI-TV asked the former ballplayer on Friday for his reaction to Rhode Island authorities announcing they found "no provable criminal violations" of state law after a yearslong investigation into Schilling's 38 Studios. He says Rhode Island could have saved millions if officials realized years ago that there were no criminal violations.

  • NEW YORK— Stocks ended slightly higher on Friday, helped by better-than-expected quarterly results from Google's parent Alphabet and retailer Amazon and a modest recovery in oil prices. The Dow Jones industrial average fell 24.11 points, or 0.1 percent, to 18,432.24. The Standard& Poor's 500 index rose 3.54 points, or 0.2 percent, to 2,173.60.