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Wires

  • SANTIAGO, Chile _ LATAM Airlines Group SA on Thursday reported a loss of $138 million in its second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Aug 17- The Republican-controlled Wisconsin State Assembly voted 59-30 on Thursday to approve a bill that paves the way for a $3 billion incentives package for a proposed liquid-crystal display plant by Taiwan's Foxconn. The plan still needs to be approved by the joint finance committee, which has both Assembly and Wisconsin State Senate members, as well as...

  • WISCONSIN BILL ALLOWING $3 BLN IN INCENTIVES FOR FOXCONN PLANT CLEARS FIRST LEGISLATIVE CHAMBER.

  • WASHINGTON, Aug 17- The United States plans to start negotiations with South Korea on Tuesday in Seoul on amending a five-year-old free trade agreement, U.S. Lighthizer announced plans on July 12 for the special session meeting of the Joint Committee under the U.S.- Korea Free Trade Agreement, months after U.S. "Since KORUS went into effect, our trade deficit in...

  • WASHINGTON, Aug 17- The United States plans to start negotiations with South Korea on Tuesday in Seoul on amending a five-year-old free trade agreement, U.S. Trade Representative Robert Lighthizer said on Thursday. Lighthizer announced plans on July 12 for the special session meeting of the Joint Committee under the U.S.- Korea Free Trade Agreement, months...

  • Those being sued are Goldman Sachs, JPMorgan Chase, UBS, Credit Suisse, Morgan Stanley and Bank of America. Bank of America, JPMorgan, UBS and Morgan Stanley declined to comment. Credit Suisse wasn't immediately available.

  • NEW YORK— Federal regulators have proposed a $183.3 million settlement with a student loan company that authorities allege engaged in predatory lending practices. The Consumer Financial Protection Bureau filed a lawsuit and settlement against Aequitas Capital Management, a private equity fund that purchased or funded $230 million in loans to students...

  • *Gary Cohn resignation rumors knocked down. *Barcelona incident adds to investor worries. The index dropped 1.4 percent last Thursday, as concern over a possible conflict between the United States and North Korea hit the market.

  • American employers will see at least $694 million in missing output for the roughly 20 minutes that outplacement firm Challenger, Gray& Christmas estimates workers will take out of their workday on Monday, Aug. 21 to stretch their legs, head outside the office and gaze at the nearly two-and-a-half minute eclipse. And 20 minutes is a conservative estimate, said...

  • NEW YORK, Aug 17- Investors recoiled during a turbulent week for markets, pulling the most cash from high-yield bond funds since March and billions more from stock funds, Lipper data for U.S.-based funds showed on Thursday. Those high-yield "junk" bond mutual funds and exchange-traded funds posted $2.2 billion in withdrawals, while stock fund outflows sank to...

  • WASHINGTON, Aug 17- The United States and Japan agreed on Thursday to speed up talks on bilateral trade issues and explore ways to strengthen trade ties, the U.S. Trade Representative's office said, seven months after President Donald Trump pulled out of a Pacific Rim trade deal that included Japan. Lighthizer said he welcomed "the acceleration of discussion on...

  • President Donald Trump has abandoned plans to create an infrastructure advisory council, the White House said on Thursday, the day after two other advisory groups were dismantled over the furor caused by Trump's remarks on white supremacists. "The President's Advisory Council on Infrastructure, which was still being formed, will not move forward," a White...

  • CHICAGO, Aug 17- South Korea lifted a ban on imports of U.S. poultry and eggs, the U.S. Department of Agriculture said on Thursday, allowing American farmers to resume sales to the Asian country that suffered an egg shortage caused by its worst-ever bird flu outbreak. South Korea was importing more U.S. eggs earlier this year as it fought its own outbreak of bird flu.

  • BRASILIA, Aug 17- Brazil will ask the World Trade Organization on Friday to set up a dispute settlement panel to rule on its complaint that Canada has hurt Brazil's commercial jet industry by subsidizing CSeries planes made by Bombardier Inc, the foreign ministry said. Brazil said consultations with Canada had not led to a solution to the dispute, and it expects...

  • *Old Navy sales again a bright spot. Aug 17- Clothing retailer Gap Inc reported better-than-expected second-quarter results and raised its full-year profit forecast, helped by strong demand for Old Navy products, fewer discounts and better managing inventory. Gap's same-store sales increased 1 percent in the three months ended July 29, rising for the third...

  • Penney Co Inc executive Edward Record as its chief financial officer, effective Aug 28. Last month, U.S. activist investor Jonathan Litt ratcheted up pressure on Hudson's Bay by threatening it would consider a push to remove some directors at the company unless drastic steps were taken to make more money off its assets. Penney's CFO for more than three years,...

  • The former Breitbart News executive— who works steps from President Donald Trump in the West Wing— told The American Prospect that "the economic war with China is everything." For decades, American economists, military strategists and policymakers of all stripes have wrestled with how the United States and China, the world's biggest and soon-to-be biggest...

  • WILMINGTON, Del., Aug 7- Puerto Rico's bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Puerto Rico is barred from traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. The fund, known for its years-long battle with Argentina over its defaulted debt, seeks to bar the oversight board from operating until it has been...

  • WASHINGTON, Aug 17- Argentina has agreed to allow imports of U.S. pork products for the first time since 1992, the White House said in a statement on Thursday. The United States is the world's top pork exporter, and the agreement opens up a potential $10- million- per-year market for U.S. pork producers, the statement said. From January to June of this year U.S. pork...

  • "Broader product portfolio in a growing spending environment for both semis and display is enabling solid revenue and earnings growth," Jagadish Iyer analyst at Summit Redstone Partners said. Revenue from Applied Materials' display business which makes displays for televisions, PCs and smartphones rose nearly 31 percent to $410 million beating estimates...