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Wires

  • S&P 500 CUTS GAINS, TRADES NEAR FLAT.

  • NEW YORK, Aug 18- Second-quarter reports from U.S. companies slowed to a trickle this week, but Amazon.com Inc continues to pop up as a topic on corporate conference calls. The e-commerce titan has been mentioned about 165 times on conference calls of S&P 1500 companies since the start of July, according to a Reuters review of transcripts. *Foot Locker CEO Richard...

  • NEW YORK, Aug 18- U.S. Treasury yields nudged higher on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. You have had a lot of drama in Washington, "said Michael Schumacher, head of rate strategy at Wells Fargo Securities in New York.

  • At Friday's price of about $8.70, BlackBerry's U.S.-traded shares have lost a quarter of their value since reaching a high of $11.74 on June 1. "It's been a turnaround story now for about five years," said Joel Kulina, a technology-sector market maker for Wedbush Securities. "We're not going to jump in before we see some signs of turning the corner and establishing...

  • NEW YORK— Piracy is a long-running and even routine issue for Hollywood, whether it's street vendors hawking bootleg DVDs on street corners or video uploaded to file-sharing sites like Pirate Bay. Although the recent HBO leaks so far have fallen well short of the damage inflicted on Sony, there were concerns early on that hackers were setting the stage for an...

  • CHICAGO, Aug 18- The U.S. Agriculture Department's forecast for a record soybean crop may get even bigger as rains and moderate temperatures across key growing areas shepherd the crop through early stages of its key development period. Most analysts had predicted that adverse weather early in the growing season hampered crop development and would cause the...

  • Aug 18- After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo& Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds. Wells, the third-largest U.S. bank, disclosed in a regulatory filing on Aug. 4 that the Consumer Financial...

  • *European shares fall; Barcelona attack weakens travel stocks. President Donald Trump fired chief strategist Steve Bannon on Friday, the White House announced, ending the turbulent tenure of a rabble-rousing conservative media entrepreneur and political activist who was a darling of Trump's base. "Theres a lot of hopeful people thinking that, you know what, he...

  • CARACAS, Aug 18- Venezuela's constituent assembly on Friday gave itself the power to pass laws, superseding the opposition-led congress and fueling criticism that the new all-powerful legislative superbody is undermining democracy in the crisis-stricken country. The Socialist-dominated Supreme Court has stripped congress of powers and shot down...

  • SAN FRANCISCO— Former Uber CEO Travis Kalanick is skewering a lawsuit filed by a former ally, describing it as a malicious attempt to sever his remaining ties to the ride-hailing service that he co-founded. Kalanick lashed out in legal documents filed late Thursday in response to a lawsuit filed against Uber last week by one of its major investors and a former...

  • WASHINGTON, Aug 18- The stock market's steady rise, still low long-term bond yields and a sagging dollar are girding the Fed's intent to raise interest rates again this year despite concerns about weak inflation, according to comments this week from Fed officials and analysts anticipating remarks next week by Chair Janet Yellen. Two officials this week,...

  • SAO PAULO, Aug 18- Brazilian stocks on Friday rose near six-month highs after the government renewed tax breaks on the oil industry, boosting shares of state-controlled Petróleo Brasileiro SA. According to a statement published on the official gazette, Brazil will extend the so-called Repetro tax regime, which sets lower taxes for exports and imports of...

  • Aug 18- Facebook Inc founder Mark Zuckerberg said on Friday he would be taking two months of paternity leave after the birth of his second daughter. "I'll take a month off to be with Priscilla and the girls at the beginning, and then we'll spend the whole month of December together as well," Zuckerberg wrote in a Facebook post. Zuckerberg had also taken a two-month...

  • NEW YORK, Aug 18- The biotech industry is facing high rents and tight lab space in Boston, New York and San Francisco, forcing companies into the suburbs in a sign the "live, work and play" movement into big cities may have hit a roadblock. The start-up's search for adequate facilities is shared by other biotech firms that are encountering tight lab availability in New...

  • *FY18 EPS forecast $3.87- $3.94 vs. est. Despite the challenges of declining foot traffic in U.S. department stores, Estee Lauder has been benefiting in global markets such as Italy and China, where more customers are visiting brick-and-motor stores. Sales in Europe, the Middle East and Africa, and in Asia-Pacific climbed 11.4 percent to $1.72 billion in the fourth...

  • Aug 18- Wall Street recouped losses in early afternoon trading on Friday following a New York Times report that President Donald Trump has decided to remove chief strategist Steve Bannon. A decision from White House Chief of Staff John Kelly is imminent on whether chief strategist Bannon will keep his job, news website Axios had reported earlier in the day.

  • The U.S. Court of Appeals on Friday rejected the Constitution Pipeline company's argument that the state Department of Environmental Conservation was "arbitrary and capricious" in denying a water quality permit last year. The Federal Energy Regulatory Commission approved the 124- mile pipeline from Pennsylvania's shale gas fields to eastern New York in...

  • TREASURY YIELDS RISE TO SESSION HIGHS FOLLOWING NEW YORK TIMES REPORT THAT TRUMP TELLS AIDES HE HAS DECIDED TO REMOVE STEPHEN BANNON.

  • MEXICO CITY, Aug 18- Mexico's finance ministry on Friday said state oil company Pemex will be allowed to deduct more costs for developing some projects so the firm can maintain production, which has been steadily declining since 2004.. The costs recovery allowed for onshore fields, with the exception of areas in the Chicontepec basin, was raised from 20 percent...

  • Aug 18- U.S. dollar stores have not become collateral damage, as feared, in a price war among big retailers including Wal-Mart Stores Inc and Kroger Co, which has pushed down prices of key items such as eggs and laundry detergent. Dollar Tree Inc and Dollar General Corp, which together operate more than 28,000 stores across the United States, have said they don't need...