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Wires

  • LAFAYETTE, La. _ Iberiabank Corp. on Thursday reported second-quarter profit of $52 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share. Iberiabank shares have dropped nearly 3 percent since the beginning of the year.

  • RESTON, Va. _ WashingtonFirst Bankshares Inc. on Thursday reported second-quarter earnings of $5.3 million. The Reston, Virginia- based bank said it had earnings of 40 cents per share. Keywords: WashingtonFirst Bankshares, Earnings Report.

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • WASHINGTON— The International Monetary Fund's board approved a $1.8 billion loan to Greece— but will only release the money if the country gets debt relief from its European creditors. But the lending agency is pressuring Greece's eurozone lenders to provide enough relief to ensure the battered country can pay its bills. Euro rules forbid an outright cut in...

  • LONDON, July 21- Jaguar Land Rover opened its first overseas engine plant on Friday, picking China for the investment a week after saying it would build a global model entirely outside Britain for the first time. Britain's biggest carmaker, which already operates a plant in China as part of a partnership with Chery, said the new facility was part of a 10.9 billion...

  • ELMIRA, N.Y. _ Chemung Financial Corp. on Thursday reported second-quarter earnings of $3 million. Chemung Financial shares have risen 13 percent since the beginning of the year. Keywords: Chemung Financial, Earnings Report.

  • WASHINGTON/ HOUSTON, July 20- Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft. The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard"...

  • LONDON, July 21- Britain launched a consultation over its long-term aviation strategy on Friday, seeking input on topics from baggage to the environment as it prepares the sector for life outside the European Union. It will also examine how to make the most of existing capacity at UK airports. Britain has also said it backs the building of a third runway at...

  • NEW YORK, July 20- U.S. fund investors shifted $7.6 billion to the safe harbor of taxable bonds during the most recent week, Lipper data showed on Thursday, as Republicans efforts to pass major healthcare policy stalled. U.S. equity funds bled $5.5 billion, but funds focused on shares abroad pulled in $3 billion. "Retail money has returned in the usual way- chasing...

  • San Jose, California- based eBay forecast third-quarter adjusted earnings of 46 cents to 48 cents per share. Analysts on average were expecting 48 cents, according to Thomson Reuters I/B/E/S. Revenue for the just-ended quarter rose 4.4 percent to $2.33 billion, beating analysts' estimates of $2.31 billion.

  • WASHINGTON, July 20- U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included. Ryan's remarks, coming about a week ahead of an end-of-July deadline for top White House...

  • MILWAUKEE _ Sensient Technologies Corp. on Thursday reported second-quarter earnings of $30.8 million. Sensient expects full-year earnings in the range of $3.40 to $3.45 per share. Sensient shares have risen roughly 4 percent since the beginning of the year.

  • MEXICO CITY, July 20- Mexico's Grupo Financiero Banorte, one of the country's largest banks by assets, on Thursday reported a 23 percent rise in second-quarter net profit, propelled by growth across its divisions. Despite the turbulent relations between the United States and Mexico following the election of U.S. "The worst has passed and nothing happened," he said...

  • SAN FRANCISCO, July 20- Microsoft Corp reported better-than-expected quarterly profit and revenue on Thursday, helped by strong performance in its fast-growing cloud business. Microsoft said revenue from its cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended...

  • HARTFORD, Conn.— The former CEO of companies that sold the virtual currency "paycoin" and "hashlets" has pleaded guilty to a $9 million fraud. The U.S. attorney's office in Connecticut says 32- year-old Homero Joshua Garza, formerly of Somers, Connecticut, pleaded guilty on Thursday to one count of wire fraud. He is scheduled to be sentenced on Oct. 12.

  • WASHINGTON, July 20- U.S. Senate Republicans, scolded by President Donald Trump for failing to overturn Obamacare, tried to salvage their seven-year effort for a new healthcare law on Thursday, but leading senators indicated frustration over shifting goal posts. Trump on Wednesday told the Senate's fractured Republican majority to revive a bill to repeal and...

  • July 20- Visa Inc, the world's largest payments network operator, on Thursday reported a better-than-expected quarterly profit and raised its annual earnings forecast, as more people across the United States and Europe used its payments network. Visa, which generates revenue by facilitating credit- and debit-card transactions, has benefited from increased...

  • TORONTO, July 20- Canada's bond market is signaling the Bank of Canada will not reach its 2 percent inflation target anytime soon, suggesting the central bank is unlikely to pull off more than one more rate hike even as money markets see further tightening into 2018.. Economists expect the Bank of Canada to raise its policy rate again in October after having hiked...

  • *Qatar signs accord with U.S. amid Gulf dispute. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf state finances Islamist militants throughout the region. But a Western official in the Gulf who has seen the document said it specifies actions Qatar will take by the end of the year, including...

  • WASHINGTON, July 20- The White House said Thursday it had withdrawn or removed from active consideration more than 800 proposed regulations that were never finalized during the Obama administration as it works to shrink the federal government's regulatory footprint. Officials also reconsidered 391 active regulatory proceedings by reclassifying them...