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  • CHICAGO, July 29- United Parcel Service Inc reported a higher quarterly net profit on Friday that met analyst expectations as revenue grew across its business units, and the company reaffirmed its full-year earnings outlook despite global economic uncertainty. Chief Executive David Abney told Reuters UPS is adding capacity to its network and will work more...

  • NEW YORK— Cable and telecom industry groups want a federal appeals court to reconsider its ruling on net neutrality. The Wireless Association, an industry trade group also known as CTIA, and other groups are petitioning for the case to be reheard by all of the court's judges. The Federal Communications Commission's rules block internet service providers from...

  • LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within hours of the decision to quit the European Union in June 23' s referendum and banks were quickly...

  • WASHINGTON— Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. Those loans jumped to $77 billion from $38.2 billion. Overall, the review found that loans at risk of failing or already in default, plus those showing potential weakness, remained high at 10.3 percent of...

  • OIL PRICES TURN POSITIVE; TRADERS CITE PROFIT TAKING AFTER NEAR-WEEK LONG SELLOFF.

  • LUXEMBOURG _ ArcelorMittal SA on Friday reported second-quarter net income of $1.11 billion. The Luxembourg- based company said it had net income of 38 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LONDON, July 29- Gold hit a near three-week high on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. Spot gold, down initially, reached its highest since July 12 at $1,348.60 an ounce after the U.S. data and was up 0.5 percent at $1,342.20 at 1355 GMT. Uncertainty over the path of...

  • "The results are further indications that the leaders in their respective spaces are taking market shares and it is very much a microcosm of the internet as a whole," Benchmark Company analyst Daniel Kurnos told Reuters. Alphabet's Class A shares rose 4.9 percent in early trading on Friday, boosting the company's market value by about $23 billion to $542 billion.

  • TORONTO, July 29- Canada's main stock index fell on Friday as economic data and energy earnings highlighted the damage done by a massive wildfire that hit oil sands production starting in May, with the index headed for its first weekly decline since mid-June. Both companies reported earnings that were negatively impacted by massive wildfires in northern...

  • TOKYO _ Sony Corp. on Friday reported fiscal first-quarter net income of $205 million. On a per-share basis, the Tokyo- based company said it had profit of 16 cents. Sony shares have increased 34 percent since the beginning of the year.

  • BRENHAM, Texas— Police in suburban Houston say a McDonald's worker has been fired for refusing to serve an officer. Brenham Police Chief Craig Goodman says in a Facebook post that "one of our employees, who was off duty with his family, was refused service at a local restaurant simply for being a Police Officer." Goodman tells Houston's KHOU-TV that the owners...

  • US DOLLAR EXTENDS LOSSES, DOLLAR INDEX FALLS TO SESSION LOW OF 95.685.

  • *OPEC supply rises by 100,000 bpd to 33.41 million bpd. *Gabon return boosts absolute level of OPEC supply. LONDON, July 29- OPEC's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.

  • NEW YORK— Stocks were off to another weak start Friday after the Bank of Japan disappointed investors with stimulus plans that didn't go as far as many had hoped. Investors got another mixed batch of corporate earnings, this time from Google's parent company Alphabet, Amazon, and oil giants Chevron and Exxon Mobil. OIL WEAKNESS: Exxon Mobil fell 3 percent and...

  • July 29- The following table shows OPEC crude oil output in millions of barrels per day in July and June, according to a Reuters survey published on Friday. OPEC has no supply target, having in December 2015 scrapped its output ceiling of 30 million bpd, which it had been exceeding for months. Gabon is included in the survey for the first time after it rejoined OPEC on...

  • BRASILIA, July 29- Brazil posted a hefty primary budget deficit in June, central bank data showed on Friday, the latest in a string of shortfalls that highlight the government's challenges to rebalance overdrawn public accounts. The primary budget deficit of 10.061 billion reais in June, however, was below market expectations for a gap of 16 billion reais.

  • MIDDLEBURG, Va. _ Middleburg Financial Corp. on Friday reported second-quarter earnings of $2.7 million. Middleburg Financial shares have risen 51 percent since the beginning of the year. Keywords: Middleburg Financial, Earnings Report.

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

  • HOUSTON, July 29- Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector. "It's a challenging environment for the integrated" oil producers, said Brian...

  • *Exxon, Chevron drop on weak results. July 29- The S&P 500 and the Dow were lower on Friday following weak economic data and poor earnings from oil majors Exxon and Chevron. "There is nothing in the markets to be excited about and we are at all-time highs, which is not justified," said Phil Davis, chief executive officer of PSW Investments.