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  • July 28- A Massachusetts judge on Thursday denied a motion to dismiss a case that will likely determine the future of Sumner Redstone's $40 billion media, marking a victory for Viacom Inc Chief Executive Philippe Dauman.

  • NEW YORK _ Investment Technology Group Inc. on Thursday reported a loss of $5.2 million in its second quarter. Investment Technology shares have increased 8.5 percent since the beginning of the year. Keywords: Investment Technology Group, Earnings Report.

  • TOKYO/ BERLIN, July 28- Toyota Motor Corp reported a drop in first-half vehicle sales on Thursday following a series of production stoppages, falling behind Volkswagen which became the world's top-selling carmaker in the first six months of 2016 despite its emissions scandal. Europe's largest automaker said on Thursday it expected full-year sales to come in...

  • *Moody's has Turkey on review for possible downgrade. ISTANBUL, July 28- A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under...

  • July 28- Harley-Davidson Inc on Thursday said a decrease in total sales and soft domestic demand lowered second-quarter profit and has led the company to trim its forecast for motorcycle shipments in 2016.. While our share gains helped to blunt the full impact of this weak market, lackluster industry sales have had a significant impact on our results and our...

  • JUDGE DENIES IMMEDIATE REQUEST FOR MENTAL EXAM OF SUMNER REDSTONE- FILING.

  • MASSACHUSETTS JUDGE DENIES MOTION TO DISMISS LAWSUIT OVER REMOVAL OF VIACOM CEO PHILIPPE DAUMAN AND BOARD MEMBER GEORGE ABRAMS FROM TRUST-FILING.

  • BILLINGS, Mont.— U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average. The U.S. Bureau of Land Management on Thursday will announce a proposal for all drilling applications to be filed online, in an effort to streamline the approval process.

  • Nasdaq shares hit record as earnings top expectations.

  • GLEN HEAD, N.Y. _ The First of Long Island Corp. on Thursday reported second-quarter net income of $7.6 million. The First of Long Island shares have climbed slightly more than 1 percent since the beginning of the year. Keywords: The First of Long Island, Earnings Report.

  • LONDON, July 28- Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the pound in the hours after the vote to leave the European Union on June 23, sterling has proved more...

  • July 28- Raytheon Co reported better-than-expected quarterly revenue and profit as sales of its smart bombs rose, and it raised its 2016 earnings forecast, partly due to strong demand in markets outside the United States. The maker of Patriot missile systems and Paveway laser- and GPS-guided bombs said it was seeing demand across Europe, Middle East and Asia...

  • The company's shares rose as much as 27.8 percent to $39.29 in morning trading on Thursday and were the biggest gainer on the New York Stock Exchange on Thursday. The company's revenue rose to $120.2 million from $88 million in the quarter, topping analysts average estimate of $114.2 million, according to Thomson Reuters I/B/E/S. Net income attributable to...

  • EAST RUTHERFORD, N.J. _ Cambrex Corp. on Thursday reported second-quarter net income of $20.5 million. The East Rutherford, New Jersey- based company said it had profit of 62 cents per share. Cambrex shares have climbed 12 percent since the beginning of the year.

  • NEW YORK, July 28- The U.S. economy likely expanded at a 1.8 percent annualized rate in the second quarter following a report on June's advance goods trade balance, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday. The Atlanta Fed's outlook on second-quarter GDP had held above 2 percent since its initial reading of 1.8 percent on April 28.

  • *Oil prices drop 1.3 pct. July 28- The S&P 500 and the Dow edged lower on Thursday following weak economic data and a set of disappointing earnings from companies, including Ford. A report by the U.S. Labor Department showed that the number of people claiming unemployment benefits rose more than expected to 266,000 for the week ended July 22.

  • *Central bank tightens monetary policy for 3rd time since Dec 30. COLOMBO, July 28- Sri Lanka's central bank raised its main interest rates by 50 basis points each on Thursday in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures. The Central Bank of Sri Lanka raised the standing deposit facility...

  • *Madrid, Lisbon still possible face EU aid suspension. BRUSSELS, July 28- The European Commission's decision to spare Spain and Portugal fines over their excessive budget deficits signals a tentative effort to promote more expansionary economic policy in response to Britain's destabilizing vote to leave the European Union. Fiscal hawks in northern Europe...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said demand rose for some of its products and services in North America in recent weeks, as drillers put rigs back to work. "Like others in our space, we believe we are seeing some isolated green shoots of activity," Chief Executive Clay Williams said on a post-earnings call.

  • WASHINGTON, July 28- The International Monetary Fund said on Thursday that the size of Egypt's financing program will be determined by a two-week IMF mission to Cairo starting this weekend. He noted that Egypt's quota, or shares in the Fund, are about 2.08 billion Special Drawing Rights- the IMF's unit of account- or about $2.9 billion at current exchange rates.