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  • NEW YORK— American Express says its second-quarter profit rose 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate. It's a potential sign that some of American Express' customers— typically the most creditworthy in the industry— are struggling to pay their bills. Shares of American Express...

  • *Amazon briefly tops $900 bln in market cap. NEW YORK, July 18- The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season. S&P 500 earnings are now expected to have increased 21.4...

  • ONTARIO, Calif. _ CVB Financial Corp. on Wednesday reported second-quarter earnings of $35.4 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Five analysts surveyed by Zacks expected $81.7 million.

  • DALLAS _ Triumph Bancorp Inc. on Wednesday reported second-quarter earnings of $12.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Four analysts surveyed by Zacks expected $56.9 million.

  • July 18- Citgo Petroleum Corp, the U.S. subsidiary of Venezuelan state-run oil company PDVSA, said on Wednesday that the U.S. visa of its President and Chief Executive Asdrubal Chavez has been revoked. But Citgo executives have been targeted for individual sanctions by the United States in an effort to isolate the country's leadership under President Nicolas...

  • HOUSTON _ Stewart Information Services Corp. on Wednesday reported second-quarter net income of $22.4 million. On a per-share basis, the Houston- based company said it had net income of 95 cents. Stewart Information Services shares have risen roughly 6 percent since the beginning of the year.

  • WASHINGTON, July 17- A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the industry said. Consumers will bear virtually all the higher repair costs, said the American Insurance Association,...

  • PITTSBURGH _ TriState Capital Holdings Inc. on Wednesday reported second-quarter profit of $14.6 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Four analysts surveyed by Zacks expected $40.7 million.

  • The EPA can provide exemptions from the law to refineries who process less than 75,000 barrels-per-day of crude oil and who can prove a disproportionate hardship. Former EPA administrator Scott Pruitt, who resigned earlier this month, oversaw a surge in small refinery waivers. "Small refinery exemptions are a cancer to every RFS category," Lucy Norton, managing...

  • FARMINGTON, Conn. _ First Connecticut Bancorp Inc. on Wednesday reported second-quarter profit of $6.7 million. The bank, based in Farmington, Connecticut, said it had earnings of 42 cents per share. The holding company for Farmington Bank posted revenue of $31.7 million in the period.

  • LOS ANGELES _ Cathay General Bancorp on Wednesday reported second-quarter earnings of $73.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Four analysts surveyed by Zacks expected $147.9 million.

  • WASHINGTON, July 18- Federal Reserve Chairman Jerome Powell's official line on U.S. trade policy is one of careful deference to the Trump administration, acknowledging it is outside the Fed's responsibility and that it might all turn out for the best. We don't see it in the aggregate numbers yet because it is a $20 trillion dollar economy and these things take...

  • DETROIT— An investigation has found that the U.S. government's highway safety agency failed to act quickly on a consumer complaint, and that could have delayed recalls of dangerous Takata air bag inflators. A report by the Transportation Department's Inspector General also found that the National Highway Traffic Safety Administration process for...

  • GRAND RAPIDS, Mich. _ Universal Forest Products Inc. on Wednesday reported second-quarter net income of $44 million. On a per-share basis, the Grand Rapids, Michigan- based company said it had profit of 71 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Alcoa now expects adjusted EBITDA to range between $3.0 billion and $3.2 billion, compared with its previous forecast of $3.5 billion to $3.7 billion. President Trump imposed U.S. tariffs of 25 percent on imports of steel and 10 percent on aluminum in March on countries including Canada, Mexico and the European Union. The company reported adjusted earnings of...

  • HOUSTON _ Crown Castle International Corp. on Wednesday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Houston, said it had funds from operations of $546 million, or $1.31 per share, in the period. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations...

  • New York- based AmEx, which has long catered to affluent customers, said it spent $2.43 billion on card member rewards, up 11 percent from a year earlier. This is the company's first full quarter of results under Squeri, who replaced long-time boss Kenneth Chenault on Feb. 1. Net income rose to $1.62 billion, or $1.84 per share, in the second quarter from $1.34 billion, or...

  • The company forecast third-quarter adjusted profit of 54 cents- 56 cents per share and revenue of $2.64 billion to $2.69 billion. Analysts on average were expecting a profit of 56 cents per share and revenue of $2.66 billion, according to Thomson Reuters I/B/E/S. The company also lowered its full-year revenue forecast to between $10.75 billion and $10.85...

  • TUPELO, Miss. _ BancorpSouth Bank on Wednesday reported second-quarter earnings of $54 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Five analysts surveyed by Zacks expected $214.2 million.

  • DAMARISCOTTA, Maine _ The First Bancorp Inc. on Wednesday reported second-quarter profit of $5.7 million. The Damariscotta, Maine- based bank said it had earnings of 53 cents per share. The First Bancorp Inc. shares have risen 8 percent since the beginning of the year.