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  • *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • The U.S. Consumer Product Safety Commission says the extendable rack inside the oven can fall out. They were sold at Sears, Pacific Sales and other stores for between $2,500 and $5,000. Whirlpool Corp., based in Benton Harbor, Michigan, says customers should stop using the extendable rack and contact the company for a free inspection and repair.

  • NEW YORK— Shares of Citrix Systems jumped 9 percent Wednesday after the cloud computing company, under pressure from a major shareholder, shook up its top leadership and said it was weighing the sale of all or portions of the company. The changes come six weeks after Elliott Management Corp., which has a 7.5 percent stake in Citrix, sent a letter to the board and...

  • *Antofagasta cuts annual production guidance. LONDON, July 29- Copper rose on Wednesday after the Chinese stock market rebounded, though investors were nervous ahead of a statement from the Federal Reserve, which could set the stage for a U.S. interest rate hike in September and a potentially firmer dollar. Copper's rise was also fuelled by hopes of more stimulus...

  • KHARTOUM, July 29- Sudan's central bank has raised the U.S. dollar exchange rate at which wheat imports are purchased, effectively reducing the subsidy. One banking source and a Sudanese wheat trader confirmed the change saying that the central bank had sent a document to concerned parties changing the rate from 2.9 Sudanese pounds a dollar to 4 Sudanese pounds...

  • MEXICO CITY, July 29- Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production contracts and adjust the terms of upcoming tenders after an inaugural oil auction failed to meet the government's modest expectations. "We are revising the issue of the...

  • VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...

  • MIDDLEBURG, Va. _ Middleburg Financial Corp. on Wednesday reported second-quarter net income of $2.3 million. Middleburg Financial shares have climbed slightly since the beginning of the year. Keywords: Middleburg Financial, Earnings Report.

  • RALEIGH, N.C. _ First Citizens BancShares Inc. on Wednesday reported second-quarter net income of $44.5 million. The Raleigh, North Carolina- based bank said it had earnings of $3.71 per share. Keywords: First Citizens BancShares, Earnings Report.

  • RIO DE JANEIRO, July 29- Brazilian miner Vale SA will likely announce its first profit in a year when it publishes second-quarter results on Thursday, bolstered by a recovery in iron ore prices during the period, a survey of analysts showed. The price of iron ore has halved over the past 12 months, touching its lowest level in over a decade, as supply from new mines...

  • July 29- General Dynamics Corp, which makes ships, tanks and business jets, reported higher-than-expected quarterly results and sharply raised its full-year profit outlook on Wednesday, sending its shares up as much as 6 percent to a record high. General Dynamics said a rebound in demand for its Gulfstream business jets from S&P 500 companies was particularly...

  • LONDON, July 29- It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. Although question remain over whether Greece will be able to stick to the terms of a new deal or will be back at the ballot box within the year, markets have breathed a collective sigh of...

  • ATHENS, July 29- Greece's stock market will probably stay closed for the rest of this week due to technical glitches at local banks, prolonging a five-week shutdown caused by capital controls, an exchange spokeswoman said on Wednesday. The Athens Stock Exchange has been shut since June 29, when the government closed banks and imposed strict limits on...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • *Sugar market to have first deficit in 6 years-Reuters poll. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America. "The current drought is more severe than last...

  • July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard was also hurt by a strong dollar as markets outside the United States account for nearly 60 percent of its purchase volumes. Mastercard usually pays higher...

  • July 29- Spirit AeroSystems Holdings Inc reported a better-than-expected quarterly profit and said it would buy back up to $350 million of its stock, indicating that it has finally put years of losses from its Gulfstream business behind it. Spirit, which makes fuselages and propulsion systems for Boeing Co and Airbus Group SE, raised its full-year free cash...

  • WASHINGTON, July 29- Contracts to buy previously owned U.S. houses unexpectedly fell in June after five straight months of increase, suggesting some cooling in home resales activity after recent hefty gains. It is important to bear in mind that there is still plenty of fundamental support for the housing market, "said Jennifer Lee, a senior economist at BMO...

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. "Lockheed Martin is supporting the U.S. government and the kingdom of Saudi Arabia as they discuss the potential sale of additional PAC-3 Missiles as part of the...

  • July 29- Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying revenue growth for the first time since 2011.. Thomson Reuters shares, which had been down more than 6 percent in 2015 through Tuesday, rose 4.5 percent after the...