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  • NEW YORK, July 28- For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. For Gene Grabinski, who was trading crude in Chicago for BP Plc, one of the largest energy companies in the world, it was just the solution needed to stem the endless flood of phone calls as he...

  • WEST BOOTHBAY HARBOR, Maine— Larry the Lobster gained fame after it was spared from a boiling pot in Florida, but Maine officials say the crustacean didn't make it to retirement. Officials say the decades-old, 15- pound lobster succumbed during its journey from a Sunrise, Florida, restaurant to the Maine State Aquarium. A rescue group had stepped forward to save...

  • TOKYO, July 28- The yen gained on Thursday on speculation that the Bank of Japan won't deliver radical stimulus this week, while the dollar took a step back after the U.S. The dollar skidded 0.5 percent to 104.92 yen, while the euro was 0.3 percent lower at 116.19 yen ahead of the BOJ's two-day policy meeting that begins on Thursday. "It seems the market is preparing for...

  • China is considering restricting investments by small banks in the rapidly growing $3.5 trillion wealth management product industry, draft rules seen by Reuters showed, as concerns grow that they are taking increasing risks. "The move is expected to slow cash inflows into the stock market, although details of how the curbs will be implemented are still void,"...

  • ALBANY, N.Y.— New York's attorney general has reached a settlement with Zipcar Inc. over vehicle damage fees charged to 5,000 members from 2011 through 2015.. New York law requires giving consumers an opportunity to dispute damage fees before they're assessed. Zipcar agreed in the settlement to refund damage charges assessed against consumers who contested...

  • *Beijing unlikely to lift daily offer, could extend period-trade. BEIJING, July 28- China's mills are urging the government to release more cotton from state reserves, as fewer quotas for low-tariff imports and higher demand for local yarn tighten supplies. The limited quantity is a major problem, "said Ashley Liang, general manager of import and export at the...

  • BRIDGEPORT, Conn.— A Connecticut judge will hear arguments on whether gun maker Remington Arms' company documents should be sealed from public view as it fights a lawsuit filed by families of some of the victims of the 2012 Sandy Hook Elementary School massacre. A court hearing is set for Thursday in Bridgeport. Madison, North Carolina- based Remington Arms is the...

  • TOKYO, July 28- The Japanese government is planning direct fiscal spending of around 7 trillion yen to help fund an economic stimulus package totalling more than 28 trillion yen, two people briefed on the matter told Reuters on Thursday. The total package, to be approved by Prime Minister Shinzo Abe's cabinet next Tuesday, also includes 6 trillion yen for a fiscal...

  • NEW YORK— The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what's owed, and give people more ability to dispute their bills. It would be the biggest overhaul of the...

  • WASHINGTON, July 28- The U.S. watchdog for consumer finances unveiled on Thursday a major proposal to toughen regulation of the multibillion-dollar debt collection industry, with a focus on keeping agencies from pushing people to pay debts they do not owe, informing borrowers of their rights and cutting down on calls to debtors. "Today we are considering...

  • SYDNEY, July 28- U.S. soybeans rose to an almost one-week high on Thursday, as concerns over potential adverse weather across the Midwest underpinned prices. The most active soybean futures on the Chicago Board of Trade rose 0.53 percent to $9.91-1/ 4 a bushel by 0321 GMT, near the session high of $9.97 a bushel- the highest since July 22. Soybeans drew support from...

  • *Q2 profit $7.2 bln, in line with earlier guidance. SEOUL, July 28- South Korean tech giant Samsung Electronics Co Ltd said on Thursday it expects solid earnings to continue in the second half of 2016, with stronger components demand likely offsetting heightened margin pressures for smartphones. Samsung said April-June profit rose 18 percent from a year...

  • HONG KONG, July 28- China's yuan rose to three-week highs against the dollar on Thursday, as the central bank set another stronger midpoint to reflect weakness in global dollar index after the Federal Reserve stopped short of signaling a near-term rate rise. The People's Bank of China set the midpoint rate at 6.6597 per dollar prior to market open, firmer than the...

  • TAIPEI, July 28- Taiwan stocks fell on Thursday, tracking slides in some other Asian bourses even as the U.S. China's Shanghai Composite index dipped 0.5 percent, while Japan's Nikkei was off 0.7 percent. Asian stocks however edged up, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.2 percent after briefly climbing to its highest level...

  • *China official PMI due for release on Sunday. MELBOURNE, July 28- London copper climbed away from its lowest in nearly a fortnight on Thursday as the dollar fell after the U.S. said Chief Investment Officer Jonathan Barratt of Ayers Alliance in Sydney. "

  • TOKYO, July 28- Asian stocks edged up on Thursday after the Federal Reserve provided an positive assessment of the world's largest economy and lifted risk sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent after briefly climbing to its highest level since August 2015. Australian shares rose 0.4 percent and Shanghai...

  • TOKYO, July 28- Political pressure on the Bank of Japan to expand stimulus this week is intensifying with the economy minister calling on the bank to work with the government to boost growth, in the wake of premier Shinzo Abe's announcement of a bigger-than-expected fiscal spending package. "I think people at the BOJ will take into that account and make an...

  • SYDNEY, July 28- U.S. soybeans rose for a third consecutive session on Thursday to hit a six-day high, boosted by concerns over potential adverse weather over the next month in key U.S. growing regions. *The most active soybean futures on the Chicago Board Of Trade rose 0.63 percent to $9.92-1/ 4 a bushel, near the session high of $9.97 a bushel- the highest since July 22.

  • AIA Group posts 37 pct rise in first half new business growth.

  • SHANGHAI, July 28- China's share indexes fell in early trade on Thursday, extending a slump from the previous session, on news that Chinese regulators are planning a clampdown on wealth management products to curb risks to the banking system. China is considering rules to restrict investments by small banks in the $3.5 trillion wealth management product...