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  • Last year, Mexico's Congress completed a sweeping energy overhaul that ended Pemex's decades-long monopoly on oil production. Pemex did not compete in the first phase of the so-called Round One tender earlier this month, the first opportunity under the overhaul in which oil companies could bid on contracts covering 14 offshore blocks.

  • BRUSSELS, July 28- Facebook may not prevent its users from using fake names, a German privacy watchdog said on Tuesday, in the latest privacy setback for the U.S. company in Europe. The Hamburg data protection authority, which is responsible for policing Facebook in Germany, said the social network firm could not unilaterally change users' chosen usernames to...

  • The new plan leaves the Senate few options but to pass the short-term extension or face a disruption in federally funded road and mass transit projects starting on Aug. 1. The Senate late on Monday voted to attach a revival of the government trade bank, idled since July 1, to a six-year transportation spending plan that identifies funding for about three years'...

  • WASHINGTON— Education Secretary Arne Duncan says the Obama administration wants to expand the Pell grant program to prisoners. He and Attorney General Loretta Lynch will visit the Maryland Correctional Institution in Jessup, Maryland, on Friday to announce the plans. In a speech Monday, Duncan said the administration wants to develop "experimental sites...

  • NEW YORK— Many of the curb cuts designed to help disabled people access Manhattan sidewalks are disintegrating, obstructed or nonexistent, according to a report. "But for the roughly 600,000 New Yorkers who rely on wheelchairs or walkers or have vision impairments, the dilapidated conditions of Manhattan's curb cuts... are a serious concern."

  • LONDON, July 28- The rout in global commodities prices is hitting demand for euro zone inflation-linked bonds and testing investors' faith in the European Central Bank's ability to lift consumer prices. Investor cash into exchange traded funds tracking euro zone inflation-linked bonds was just $73 million in the second quarter, down from $400 million poured...

  • MILAN, July 28- Telecom Italia is to bolster its Brazilian unit with the addition of a chief operating officer to help revive sales and get the company in shape ahead of possible industry consolidation, two people with direct knowledge of the matter told Reuters. It will appoint Pietro Labriola, a long-standing Telecom Italia manager, to the new role at TIM...

  • July 28- Ally Financial Inc, the largest U.S. auto lender, reported a better-than-expected quarterly profit and record U.S. auto sales boosted lending, making up for a loss of an exclusive leasing deal with General Motors Co. Shares of Ally were up 4.8 percent at $22.59 in morning trading on the New York Stock Exchange. The company has been trying to boost its market...

  • ATHENS, Greece— Israel's prime minister says his country is discussing "intensively" with Cyprus the best ways to extract and market gas found in waters between the east Mediterranean neighbors. He said they also discussed the possibility of connecting Israel, Cyprus and Greece with an electricity cable. Netanyahu lauded Anastasiades' initiative to invite...

  • NEW YORK, July 28- The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc.. The rapid ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than...

  • PARIS— Over the past week, French farmers have used tractors to block the border with Germany and chucked foreign vegetables off trucks in protest of cheap imports. They are protesting increasingly slim margins they blame on cheap imports and high social charges, which they say make them unable to compete against Germany, much less Eastern Europe.

  • The company lowered its full-year operating earnings forecast to $3.10 per share from $4 per share- 80 cents due to the spin-off and 10 cents due to weak agricultural sales. The company is speeding up its cost-reduction program to combat the impact of weakening sales, and in January raised its cost-reduction target by $300 million to at least $1.3 billion by...

  • *SuperValu 1st- qtr profit rises 42 pct. July 28- SuperValu Inc said it was exploring a spinoff of its discount grocery chain Save-A-Lot into a publicly traded company as the retailer looks to insulate the fast-growing unit from its slower-growing grocery wholesale and food retail businesses. SuperValu's Save-A-Lot business has been growing in the past seven...

  • OSLO, July 28- Norway's Statoil posted higher than expected second-quarter profit, helped by its refining and North Sea oil businesses, and maintained its quarterly dividend at the same level, despite weak oil prices. "Statoil's results prove once again just how resilient its business model actually is. As part of converting its financial reporting to U.S....

  • LONDON, July 28- Researchers in the United States trying to develop a vaccine against the deadly Middle East Respiratory Syndrome virus say they have had early signs of success in animal experiments. MERS, which causes coughing and fever and can lead to fatal pneumonia and kidney failure, has been reported mainly in Saudi Arabia and South Korea but has also been...

  • NEW YORK, July 28- The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. "Anybody who bought euros amid the 1 percent rally yesterday is likely to take some money off the...

  • *Q2 net profit 1.5 bln dirhams vs 2.51 bln dirhams a yr ago. DUBAI, July 28- Abu Dhabi- listed telecoms firm Etisalat missed analyst estimates by reporting a 40 percent fall in second-quarter net profit on Tuesday that it blamed on its troubled Saudi Arabia affiliate Mobily and foreign exchange losses. Etisalat, which operates in about 19 countries across the...

  • NEW YORK, July 28- U.S. The rout in China's stock market has heightened concern that the world's second-largest economy is heading for trouble despite emergency measures by the government to prop up prices. "Treasuries selling started with the overnight trading after Chinese equities bounced off their lows, and that helped release some of the safe-haven bid in...

  • NEW YORK, July 28- U.S. and European stocks were on track to snap five-day losing streaks on Tuesday, as investors focused on earnings news and mergers and looked past another fall in Chinese equities and sliding oil prices. RSA Insurance Group jumped 11 percent after Zurich Insurance said it was considering a bid for the British group, which has a market...

  • FRANKFURT, July 28- Business planning software start-up Anaplan is nipping at the heels of industry leaders SAP, Oracle and IBM, with sales of its cloud-based service tripling in each of the past three years as it seeks to shake up the market. While major players like SAP, Oracle's Hyperion business and IBM's Cognos and Applix units have been forced to offer...