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  • BRUSSELS, July 17- European Commission President Jean-Claude Juncker will visit U.S. Trump met Juncker last week in Brussels during a meeting of the NATO military alliance, firing off a Twitter salvo on the eve of his visit. "The European Union makes it impossible for our farmers and workers and companies to do business in Europe, and then they want us to happily...

  • WASHINGTON— The NAACP is lifting its travel advisory against American Airlines, saying improvements are being made to address worries about African-Americans being subject to discrimination or unsafe conditions while flying. NAACP President Derrick Johnson made the announcement at the NAACP's national convention in San Antonio, Texas.

  • *Canada factory sales rose 1.4 percent in May from April. July 17- The Canadian dollar dropped on Tuesday, as the U.S. dollar rose across the board after Federal Reserve Chairman Jerome Powell struck a bullish tone in prepared remarks on the U.S. economy before a congressional committee. Powell, in testimony to the Senate Banking Committee, said the U.S. economy is on...

  • WASHINGTON— Members of Congress are warning that newspapers in their home states are in danger of cutting coverage or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. About a dozen lawmakers spoke out Tuesday against making the tariffs permanent during a United States International Trade Commission...

  • FARNBOROUGH, England, July 17- European travel and tourism group TUI is likely to plump for the larger variant of the Boeing 737 MAX plane when it exercises options on an existing order, a board member said on Tuesday. It also has the advantage that, despite being a single-aisle plane, it can fly from Europe to mid-haul destinations such as Egypt and Cape Verde, which...

  • FARNBOROUGH, England, July 17- Boeing will press for deeper price cuts from suppliers with overlapping operations once it completes its planned acquisition of the regional jet business of Brazil's Embraer, Chief Executive Dennis Muilenburg told Reuters on Tuesday. "The key thing you are going to see is that through the combination between Boeing and Embraer,...

  • *New York, Connecticut, Maryland, New Jersey sue. The lawsuit by New York, Connecticut, Maryland and New Jersey came seven months after Trump signed into law the $1.5 trillion overhaul, which also lowered taxes for many wealthy Americans and slashed the corporate tax rate. Andrew Cuomo, New York's Democratic governor, said in a statement: "The federal government is...

  • Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of "several years" where the job market remains strong and inflation stays around the Fed's 2 percent target. In written testimony delivered to the Senate Banking Committee on Tuesday, the Fed chair signaled not just...

  • BERLIN, July 17- Ukraine and Russia have agreed to continue European Union- mediated talks on continuing to supply Europe with Russian gas via Ukrainian pipelines after the current contract expires at the end of 2019, a top European Commission official said. European Commission Vice-President Maros Sefcovic, responsible for energy policy in the European...

  • NEW YORK, July 17- The U.S. dollar held gains on Tuesday against a basket of major currencies following an upbeat economic assessment from the head of the U.S. Federal Reserve, while world stocks edged higher, with Wall Street erasing earlier losses. In written testimony for the Senate Banking Committee, Fed Chairman Jerome Powell said the economy was on the cusp of "...

  • NEW YORK, July 17- U.S. crude oil futures fell on Tuesday as worries over supply disruptions eased and the focus moved to increasing domestic production and potential damage to global growth from the U.S.- China trade dispute. "Fears of shortages, which pushed prices as high as $80 per barrel in early summer, are receding and concerns about looming surpluses...

  • WASHINGTON— The Latest on Federal Reserve Chairman Jerome Powell's semi-annual testimony to Congress on Tuesday:. Bob Corker, R- Tenn., told Powell he is "very concerned" about stagnant wages and asked about the root causes of the long-term issue. Although he stressed that he was not commenting on the current get-tough trade policy being pushed by President Donald...

  • NEW YORK, July 17- U.S. Right now with the Feds gradual rate increases, he will continue with that approach, "said Paula Solanes, portfolio manager at SVB Asset Management in San Francisco. Interest rates futures implied traders saw about an 89 percent chance the Fed would lift its target range on key interest rates by a quarter point, to 2.00 percent to 2.25 percent, at...

  • July 17- UnitedHealth Group Inc, the largest U.S. health insurer, on Tuesday reported second-quarter medical costs slightly higher than Wall Street expectations, sending its shares down 4 percent and weighing on the rest of the sector. UnitedHealth is the first health insurer to report earnings, and Wall Street investors took their cue from the slight costs...

  • DETROIT, July 17- The Tesla Inc Model 3 sedan is the most profitable electric car in the automotive industry, according to the head of a top automotive consultant. Sandy Munro, president of Michigan- based Munro& Associates, said the car generates net profit margins in excess of 30 percent. Tesla, whose shares were up 1.7 percent at $315.42 in Tuesday morning trading...

  • FRANKFURT, July 17- Thyssenkrupp's foundation, the company's largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner. Shareholders are pushing for a radical overhaul, urging the Essen, Germany- based conglomerate to consider selling its elevators business and materials services division, which...

  • *China's production running at "record" levels. LONDON, July 17- The European Commission will this week unveil its proposed provisional "safeguard" measures to limit steel imports in response to the imposition of 25 percent tariffs on steel imports by the United States. The export pace has slowed since then because of capacity closures and stronger internal...

  • DUESSELDORF, July 17- Thyssenkrupp's foundation, the company's largest shareholder, pledged to work with unions and management to appoint a successor to its chairman Ulrich Lehner, with questions about its role in his abrupt departure. His departure comes only days after chief executive Heinrich Hiesinger resigned amid calls by shareholder activists to...

  • KUALA LUMPUR, July 17- AirAsia Group Bhd CEO Tony Fernandes said the group had not taken a decision on which aircraft manufacturer to pick for new plane orders and that he was not planning to go to the air show in Farnborough, England, this week. "We haven't made any decision. I'm not planning to go anywhere right now, "he said in response to a question on whether he would...

  • MANDEVILLE, La.— A Mexican restaurant chain in Louisiana has been ordered to pay $654,000 in back wages to employees. The U.S. Department of Labor said in a news release Monday that 567 employees from the El Paso Mexican Grill restaurant will receive back pay. It's to resolve violations of the Fair Labor Standards Act found at 23 of the employer's locations in...