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  • Aug 23- Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the Business Insider reported. Facebook launched the research shop, called Building 8, last year to conduct long-term work that might lead to hardware products. Bosworth will oversee Building 8...

  • CALGARY, Alberta, Aug 23- The upcoming review of TransCanada Corp's proposed Energy East pipeline will consider its potential indirect contributions to greenhouse gas emissions, Canada's National Energy Board regulator said on Wednesday. Energy East, which would take crude from Alberta to the Atlantic coast, would attain higher prices for Canadian...

  • WASHINGTON, Aug 23- The U.S. Department of Energy will release a study of electric grid reliability on Wednesday night, a department official said, an endeavor the renewable industry worries may fault surging solar and wind power for weaknesses on the grid. A draft of the Department of Energy report, reviewed by Reuters in July, had concluded that the growth of...

  • TORONTO, Aug 23- Canada's benchmark stock index rose on Wednesday, after upbeat quarterly results from Royal Bank of Canada helped lift financial stocks, and higher oil prices gave oil and gas companies a boost. "The best thing about Royal is there was absolutely no evidence at all of bad credit conditions," said David Baskin, portfolio manager and president of...

  • Aug 23- It isnt just your imagination: activist hedge funds do go after companies led by woman CEOs more often. They lose more in total compensation and are more likely to be replaced than their male peers, found Bill Francis and Qiang Wu of Rensselaer Polytechnic Institute and Yinjie Shen of Cleveland State University. Activist hedge funds, which take stakes in...

  • SACRAMENTO, Calif.— California prosecutors can bring money laundering charges against the creators of a website that prosecutors label an online brothel, a judge ruled Wednesday. Prosecutors filed new and expanded charges against Backpage.com chief executive Carl Ferrer and website founders Michael Lacey and James Larkin this spring.

  • Aug 23- The engineer fired from Google for writing a memo critical of the company's diversity hiring policies has hired a lawyer who is a member of the Republican National Committee to represent him. Conservative lawyer Harmeet Dhillon, a member of the party-leading Republican National Committee, said on Wednesday she is representing Damore.

  • BEIJING _ China Distance Education Holdings Ltd. on Wednesday reported fiscal third-quarter profit of $2.9 million. On a per-share basis, the Beijing- based company said it had profit of 9 cents. For the current quarter ending in September, China Distance said it expects revenue in the range of $40.2 million to $42.1 million.

  • COLUMBIA, S.C.— The Latest on the abandonment of a nuclear power project in South Carolina:. The Public Service Commission approved in 2009 SCE&G's application to expand V.C. Summer Nuclear Station, as well as all nine of the utility's rate hikes since then. Scott Elliott with the South Carolina Energy Users Committee told legislators Wednesday that SCE&G's...

  • NEW YORK, Aug 23- Venezuela bonds fell on Wednesday following a report the U.S. government was considering a ban on trading in the country's debt, with some securities touching their lowest in 18 months. The Wall Street Journal reported late Tuesday that the United States was considering temporarily prohibiting U.S.-regulated banks from trading in...

  • DETROIT, Aug 23- Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University concluded. Since 2014, eight of the 50 most heavily-traveled routes between cities 120 to 400 miles apart have lost...

  • A look at the AP Municipal Bond Index for Wednesday, Aug. 23:. BIGGEST MOVER: 23- year bonds. It was 2 basis points on Aug. 16.

  • Revenue from HP's personal systems unit, which sells notebooks, desktops and workstations, rose 12 percent to $8.40 billion in the third quarter ended July 31. The Palo Alto, California- based company forecast full-year earnings per share of $1.63- $1.66 compared with analysts' estimate of $1.64, according to Thomson Reuters I/B/E/S. However, net earnings from...

  • NEW YORK— The Latest on Amazon's deal to acquire Whole Foods:. The Federal Trade Commission says it will not block Amazon's $13.7 billion takeover of Whole Foods Market. Whole Foods shareholders voted to bless a union with Amazon that the organic grocery chain's CEO called "love at first sight."

  • SAN FRANCISCO, Aug 23- Uber Technologies Inc reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the company is still a long way from being profitable. Uber said its net loss was $645 million, down from $708 million in the first quarter and $991 million in the fourth quarter of last year. Last year, San Francisco-...

  • *Canadian dollar at C $1.2547, or 79.70 U.S. cents. TORONTO, Aug 23- The Canadian dollar eked out a modest gain against the U.S. dollar on Wednesday, supported in part by firmer oil prices, as cautious investors positioned themselves ahead of a meeting of global central bank leaders later this week. Federal Reserve Chair Janet Yellen and European Central Bank...

  • PHILADELPHIA _ Lannett Co. on Wednesday reported fiscal fourth-quarter net income of $5.7 million. On a per-share basis, the Philadelphia- based company said it had net income of 15 cents. For the year, the company reported a loss of $581,000, or 2 cents per share, swinging to a loss in the period.

  • Lowe's Cos., down $2.81 to $73.01. Cree Inc., down 82 cents to $22.21. La-Z-Boy Inc., down $6.30 to $24.95.

  • Stocks retreated on Wednesday and gave back some of their gains from a day earlier, when the Standard& Poor's 500 index had one of its best days of the year. Advertising companies and retailers had some of the steepest drops on worries about their earnings, while prices for Treasury bonds and gold rose modestly as investors sought safer ground.

  • SIOUX FALLS, S.D. _ Raven Industries Inc. on Wednesday reported fiscal second-quarter earnings of $8.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Raven Industries shares have increased 28 percent since the beginning of the year.