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  • Jia said the purchase is important to the company's globalization strategy and its efforts to build a presence in North America. Vizio is based in Irvine, California, and is one of the leading brands in North America for smart TV and sound bar sales. The deal will help Vizio expand to markets beyond the U.S., Canada and Mexico.

  • July 26- The U.S. Food and Drug Administration has enhanced warnings of side effects of a group of strong antibiotics used to treat a variety of respiratory and urinary tract infections and limited their use to patients with no alternatives. The antibiotics known as fluoroquinolones include Johnson& Johnson's Levaquin, Bayer's Cipro extended-release...

  • *Vivendi confirms it now only wants 20 pct of pay TV. MILAN/ PARIS, July 26- French tycoon Vincent Bollore has backed away from a deal to buy the pay-TV business of Silvio Berlusconi's Mediaset in an unexpected move that the Italian broadcaster's biggest shareholder said could lead to a full takeover. Fininvest, the Berlusconi holding company that owns 35 percent...

  • *Hyundai reliant on sedans as U.S. consumers pivot to SUVs. SEOUL, July 27- At last February's Super Bowl, Hyundai Motor hired' X-Men' movie star Ryan Reynolds for an ad plugging the new version of its Elantra sedan. At the Elantra's peak, more than one car in every 20 sold in America was a Hyundai, cementing the firm's place as the world's fifth-biggest automaker...

  • BENGALURU/ DETROIT, July 26- A rift between Tesla Motors Inc and key supplier Mobileye NV sent down shares of the Israeli maker of chips for the electric vehicle maker's semi-automated Autopilot system and fanned debate on self-driving vehicle technology. Mobileye shares, which have been wildly popular with institutional and tech investors, were down 7.7...

  • Michael Skidmore, the trustee for the songs of Randy Wolfe, a member of the band Spirit, on Saturday filed a notice of appeal of the June 23 verdict with the 9th U.S. Circuit Court of Appeals. Jurors found that Led Zeppelin's lead singer Robert Plant and guitarist Jimmy Page did not steal the opening to "Stairway" from Spirit's instrumental "Taurus," which was penned in...

  • Data downloaded from the Tesla Model S shows the vehicle was traveling at 74 mph in a 65- mph zone on a divided highway in Williston, Florida, near Gainesville, the National Transportation Safety Board said in a preliminary report. The driver, Joshua Brown, 40, a tech company owner from Canton, Ohio, was using the sedan's cruise control and lane-keeping features at...

  • ATLANTIC CITY, N.J.— A convention group says that a proposed $10 increase in Atlantic City's hotel tax would harm their efforts to market the city. The Press of Atlantic City reports that Meet AC said in a letter to Mayor Don Guardian and city council members that the tax would negatively affect their ability to market the city as a destination for conventions.

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • DETROIT— Fiat Chrysler has revised more than five years of U.S. sales figures and says a much-touted streak of 75 months of gains should have ended in 2013.. Fiat Chrysler acknowledged earlier this month that the Justice Department and Securities and Exchange Commission are probing its sales numbers. Shares of Fiat Chrysler rose 12 cents to $7 after the...

  • Mark Price, the UK's Minister of State for Trade and Investment, said in an interview in New York that he was meeting with U.S. policymakers and investors to start imagining what "the shape of" free trade agreements may be once Britain ultimately leaves the European Union. Britons voted last month to leave the block and Price, who had campaigned against such a move,...

  • July 26- WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft and extra charges incurred on a new London route. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "...

  • VIENTIANE/ GENEVA, July 26- The United States said on Tuesday it hoped to announce in early August details of planned military cooperation and intelligence sharing with Russia on Syria, and a U.N. envoy said he would also aim to resume peace talks next month. Secretary of State John Kerry said Washington and Moscow, who support opposing sides in Syria's...

  • LAGOS, Nigeria— The Central Bank of Nigeria has raised its benchmark interest rate to 14 percent, a 10- year high, as the naira currency continues its free-fall and the West African oil producer heads into recession. Godwin Emefiele on Tuesday said the rate hike will encourage savings and investment. Nigeria is suffering inflation running at 16.5 percent, and the...

  • INTERVIEW- UK'S PRICE SEES 12 MONTHS TO DECIDE MODEL FOR U.S.

  • INTERVIEW- UK TRADE MINISTER PRICE EXPECTS TO INCREASE HIS TRADE-POLICY TEAM TO 300, FROM 40, OVER 2-3 MONTHS.

  • WASHINGTON, July 26- A driver killed on May 7 in a crash in a Tesla using the car's Autopilot software was speeding, the U.S. National Transportation Safety Board said on Tuesday in its preliminary findings. The preliminary report said the Model S was traveling at 74 miles per hour in a 65 mph zone at the time it struck a semi-truck hauling blueberries near Williston,...

  • LONDON, July 26- Goldman Sachs abused its position as a trusted adviser to Libya's sovereign wealth fund, a lawyer for the fund argued on Tuesday, in a case that has subjected the bank's dealings to a forensic degree of scrutiny. In a trial at London's High Court, the Libyan Investment Authority is attempting to claw back $1.2 billion from the Wall Street giant in...

  • July 26- Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country. The world's biggest online retailer has been pumping billions of dollars into India as it seeks to win a bigger share of a market dominated by homegrown e-retailer Flipkart. Prime membership will cost...