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  • TREASURY SANCTIONS 13 INDIVIDUALS IN NEW VENEZUELA SANCTIONS- STATEMENT.

  • *French govt has made 50/ 50 ownership offer to Italy. PARIS, July 26- The French state said on Wednesday it would nationalize the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new President Emmanuel Macron. Both Fincantieri Chief Executive Giuseppe Bono and...

  • *French govt has made 50/ 50 ownership offer to Italy. PARIS, July 26- The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally, putting down a marker on the limits of economic liberalism under new President Emmanuel Macron. Both Fincantieri Chief Executive Giuseppe Bono and...

  • DETROIT, July 26- Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year. Dearborn, Michigan- based Ford reported second-quarter net income of $2.04 billion, or 51 cents per share, up from nearly $2 billion, or 49 cents per share, a...

  • FRANKFURT/ LONDON, July 26- Deutsche Bank's planned listing of its asset management arm is unlikely before the first half of next year and could be later, as it wants more time to refine and sell the business's strategy to potential investors, people close to the matter said. Germany's largest lender announced plans to list the unit, including its main DWS retail...

  • July 26- Electronics manufacturer Foxconn will announce plans to build a multi-billion dollar flat panel screen plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing initiative...

  • WASHINGTON, July 26- New U.S. single-family home sales increased in June as purchases in the West surged to a near 10- year high, but downward revisions to the sales pace for the prior three months pointed to a housing market that is struggling to gain momentum. "We need the housing market to be strong if the economy is to accelerate," said Joel Naroff, chief economist at...

  • Seven other senators are co-sponsoring it: Ben Cardin of Maryland, Kamala Harris of California, Richard Blumenthal of Connecticut, Cory Booker of New Jersey, Kirsten Gillibrand of New York, Richard Durbin of Illinois and Ed Markey of Massachusetts. The EPA considered whether to ban it for roughly a decade before Trump appointed EPA Administrator Scott Pruitt, a...

  • Despite the weak results and oil price environment, Chief Executive John Hess touted the company's growth potential, citing process and technology improvements. In North Dakota's Bakken shale, for instance, the company expects output to grow 10 percent per year "over the next several years," Hess said. Gulf of Mexico and the Gulf of Thailand, posted a net loss of...

  • FRANKFURT, July 26- German discount grocery chain Aldi North said Wednesday it was planning to spend 5.2 billion euros to revamp its stores in Germany and around Europe. German brothers Karl and Theodor Albrecht pioneered the Aldi discount store concept, setting up two sister businesses serving north and south Germany in 1962 and then expanding to much of...

  • *FTSE 100 up 0.2 pct. LONDON, July 26- Strong updates from ITV and Compass Group helped Britain's top share index inch up on Wednesday, underpinned also by gains among defensive stocks. Britain's blue chip FTSE 100 index rose 0.24 percent at 7,452.32 points, but ended off highs hit as sterling dropped.

  • NEW YORK— After her brassy start at NBC News, viewers are taking a wait-and-see attitude toward Megyn Kelly in anticipation of her big test this fall. But NBC pronounces itself pleased, and points to Kelly's range in conducting interviews with Putin, ESPN's Erin Andrews, "Hillbilly Elegy" author J.D. Vance, TV personality Maria Menounos, conservative firebrand...

  • LONDON, July 26- Supportive crude prices and strong results from energy firms and auto companies helped European shares rise on Wednesday. "Indications are more positive on the outlook for energy stocks, especially for the most geared such as oil services," said Angelo Meda, head of equities at Banor SIM in Milan. Oil services firm Petrofac added 1.4 percent after...

  • NEW YORK, July 26- Brent crude oil's rise back above $50 a barrel helped lift stocks on global markets on Wednesday, while upbeat earnings and economic data soothed worries the world economy may be headed for another slowdown. All three major U.S. stock indexes hit record highs in early New York trading as Boeing and AT&T led another set of strong earnings reports...

  • LAS VEGAS— Against a backdrop of cyberattacks that have grown into full-fledged sabotage, Facebook chief security officer Alex Stamos is bringing a new message to hackers and security experts at the Black Hat conference. The Black Hat security gathering, starting Wednesday in Las Vegas, follows a series of attacks and data breaches that have paralyzed...

  • CHICAGO, July 26- U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of Trade soft red winter...

  • The initiative, dubbed Defending Digital Democracy, is led by the former campaign chairs for Democrat Hillary Clinton and Republican Mitt Romney, and will initially be based at Harvard University's Kennedy School of Government, which announced the project last week. Facebook Chief Security Officer Alex Stamos announced the company's backing at the...

  • July 26- Alaska Air Group Inc on Wednesday posted a 13.8 percent rise in quarterly profit, helped in part by the December 2016 acquisition of former rival Virgin America. Alaska, now the fifth-largest U.S. carrier by passenger traffic, reported second-quarter net income of $296 million, or $2.38 per share, up from $260 million, or $2.10 per share, in the period a year...

  • PARIS, July 26- LVMH, the world's biggest luxury group, on Wednesday undershot forecasts with a 23 percent rise in first-half underlying profits where growth was driven worldwide by its Louis Vuitton brand. LVMH said first-half profit from recurring operations reached 3.640 billion euros. LVMH's rivals in the luxury industry such as British luxury brand...

  • EPS profit of 59 cents vs est 57 cents. July 26- Coca-Cola Co's profit, in its first quarter under new Chief Executive James Quincey, beat analysts' estimates on higher-than-expected demand for its healthier non-carbonated beverages as well as low and no-sugar versions of its sodas. There was some concern that Coca-Cola's organic revenue growth would be weak in...