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  • TORONTO, July 25- Freeport-McMoRan Inc said on Tuesday that it was encouraged by recent progress in talks with Indonesia to resolve a lengthy permit dispute for its massive Grasberg mine, but if a long-term deal cannot be reached, it will pursue arbitration. Arizona- based Freeport, the world's biggest publicly listed copper miner, also reported second-quarter...

  • COLOMBO, Sri Lanka— A Cabinet minister says Sri Lanka's government has approved a long-delayed agreement to sell a 70 percent stake in a $1.2 billion Chinese-built port to China, after an initial framework agreement drew public criticism and protests. Minister of Ports and Shipping Mahinda Samarasinghe says the Cabinet on Tuesday approved the agreement,...

  • EAGLE, Idaho _ Lamb Weston Holdings Inc. on Tuesday reported fiscal fourth-quarter earnings of $75.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Lamb Weston shares have climbed 18 percent since the beginning of the year.

  • NASHVILLE, Tenn. _ HCA Holdings Inc. on Tuesday reported second-quarter earnings of $657 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share. Nine analysts surveyed by Zacks expected $10.74 billion.

  • Net income attributable came in at $657 million, or $1.75 per share, in the second quarter ended June 30, compared with $658 million, or $1.65 per share, a year earlier. On Monday, President Trump made a last-ditch plea to U.S. Senate Republicans to "do the right thing" and fulfill campaign promises to repeal and replace Obamacare. The Senate will vote on Tuesday whether...

  • Newmont, the world's second-biggest gold producer by market value, said it sold gold at $1,250 per ounce on an average in the quarter, lower than $1,257 per ounce in the year-ago quarter. The company's all-in sustaining costs, a key cost benchmark, fell to $884 per ounce in the quarter from $913 per ounce in the same period last year. Newmont's adjusted net income...

  • WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported second-quarter profit of $61.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. AK Steel shares have dropped 41 percent since the beginning of the year.

  • Chief Executive Michael Roth said in a statement. However, revenue from the United States, which contributes the bulk of Interpublic's total revenue, fell slightly to $1.16 billion in the second quarter ended June 30. "were surprisingly weak," Pivotal Research Group analyst Brian Wieser said.

  • July 25- Nielsen Holdings Plc will begin including Hulu Live TV and Google's YouTube TV viewing in its TV ratings in the United States in an effort to capture the shift from traditional broadcast to watching shows on laptops or smartphones, the company said on Tuesday. As viewers increasingly "cut the cord," or cancel their cable package subscriptions and move to...

  • July 25- Caterpillar Inc smashed Wall Street's profit estimates and raised its full-year forecast for the second time, driven by improving demand in China and a recovery in mining activity. "While a number of our end markets remain challenged, construction in China and gas compression in North America were highlights in the quarter," Chief Executive Jim Umpleby...

  • BRUSSELS, July 24- European Union authorities have increased pressure on Facebook, Twitter and Google to amend their user terms to bring them in line with EU law after proposals submitted by the tech giants were considered insufficient. The European Commission and consumer protection authorities in the bloc wrote to the three companies in June, asking them to...

  • "Instead of having their European equity and fixed income exposure to include the UK, they are saying can you please ringfence UK exposure," Bowers told reporters on Tuesday. Bowers expects the UK economy and sterling to stay under pressure in the next couple of years due to the "opportunity cost" of Brexit, although UK stocks tend to benefit from currency weakness.

  • McDonald's has been selling soft drinks of all sizes for $1 since April and also launched a limited-time offer of McCafe beverages, which include frappes, smoothies and espresso drinks, for $2. Net income rose to $1.40 billion, or $1.70 per share, in the quarter ended June 30, from $1.09 billion, or $1.25 per share, a year earlier. Revenue fell 3.4 percent to $6.05...

  • SHELTON, Conn. _ Hubbell Inc. on Tuesday reported second-quarter net income of $79.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Three analysts surveyed by Zacks expected $942.2 million.

  • Net income rose to $211 million, or 64 cents per share, in the quarter, from $181 million, or 53 cents per share, a year earlier. Analysts, on average, expected quarterly earnings of 57 cents per share on revenue of $1.83 billion, according to Thomson Reuters I/B/E/S. "Our second quarter unit revenue exceeded our initial guidance as a result of our targeted revenue...

  • The expensive drug, priced at $125,000 per injection in the first year of use, brought in a whopping $203 million, compared with consensus estimates of $70 million, compiled by Evercore ISI. Spinraza's success helped Biogen lift its full-year adjusted profit forecast on Tuesday to a range of $20.80 per share to $21.40 per share, and revenue between $11.5 billion...

  • DUBLIN _ Seagate Technology PLC on Tuesday reported fiscal fourth-quarter net income of $114 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 99 cents per share. Seven analysts surveyed by Zacks expected $2.55 billion.

  • Pulte, which sells single-family detached homes, said the average price of homes climbed 6.3 percent to $390,000 in the second quarter ended June 30. Pulte, which sells homes priced in the range of about $100,000 to over $1 million, said its number of homes sold rose to 5,044 from 4,772.. RBC Capital Markets' Robert Wetenhall said he had a positive view on the...

  • WARSAW, Ind. _ Lakeland Financial Corp. on Tuesday reported second-quarter net income of $15.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Lakeland Financial shares have declined 4 percent since the beginning of the year.

  • DETROIT, July 25- General Motors Co on Tuesday reported a better-than-expected quarterly net profit from continuing operations despite falling revenue and promised to cut production in the second half to curtail its burgeoning inventory of unsold vehicles. The results for the quarter excluded losses from the company's European operations, consisting of...