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  • SAO PAULO, Aug 15- Brazilian media group Grupo Abril on Wednesday filed for bankruptcy protection in a Sao Paulo court, the company said in a statement. The group, owner of Editora Abril SA, the main magazine publisher in the country, needs to restructure 1.6 billion reais in banking debt. The filing includes all companies controlled by the Civita family, including a...

  • Aug 15- Best Buy Co Inc said on Wednesday it would buy health services provider GreatCall Inc for $800 mln in cash, adding a clutch of products tailored for aging consumers. The No. 1 U.S. consumer electronics retailer currently sells health and wellness-related products and has been shoring up on health-related assets focused on the aging U.S. population.

  • NEW YORK, Aug 15- The former head of New York City's correction officers' union was found guilty on Wednesday of accepting a bribe to steer union money to now-defunct hedge fund Platinum Partners for investing. Norman Seabrook, who once led the Correction Officers' Benevolent Association, was convicted by a Manhattan federal jury of one count of fraud after his...

  • MONTREAL, Aug 15- The Quebec government on Wednesday said it would invest C $863 million over five years to help mitigate the impact of U.S. tariffs on companies, including the Canadian province's agriculture sector. The plan would provide direct financial aid to some companies affected by the tariffs and would support investments to improve productivity,...

  • Aug 15- Twitter Inc has banned U.S. conspiracy theorist Alex Jones and his website Infowars from tweeting for seven days, saying their tweets violated company's rules against abusive behavior. The microblogging site said it had asked Jones late Tuesday to delete the tweet that contained a video, which according to a company spokesman had a segment that is an "...

  • TORONTO, Aug 15- The Canadian dollar weakened against its U.S. counterpart on Wednesday to lag many other "G10" currencies, as oil prices fell and a 13- month high for the greenback pressured emerging markets and global stocks. The price of oil, one of Canada's major exports, was pressured by a weakening global economic growth outlook and data showing rising U.S....

  • Aug 15- Cisco Systems Inc reported quarterly revenue above Wall Street estimates on Wednesday, driven by growth in the network gear maker's newer businesses such as cyber security. Cisco in August said it would buy cyber security provider Duo Security for $2.35 billion, the latest acquisition by Chief Executive Officer Chuck Robbins as he steers the company...

  • NEW YORK, Aug 15- U.S. stocks closed lower on Wednesday, with the S&P 500 posting its biggest daily percentage decline since June, as investors turned risk averse on a series of disappointing earnings and escalating global tariff worries.

  • *Turkey doubles tariffs on U.S. cars, alcohol, cigarettes. ISTANBUL/ WASHINGTON, Aug 15- The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give...

  • SAN FRANCISCO, Aug 15- Uber Technologies Inc said on Wednesday it narrowed its quarterly losses from a year earlier, although the ride-hailing company is still a long way from proving it can be profitable as it gears up to go public in 2019.. Uber's net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier.

  • NEW YORK, Aug 15- China and Japan reduced their holdings of U.S. government debt in June as foreigners dumped the most Treasuries in a single month since late 2016, data from the Treasury Department showed on Wednesday. Japan's ownership of Treasuries decreased to $1.030 trillion in June, the lowest since October 2011. China and Japan are the two biggest foreign...

  • CANADA' S QUEBEC PROVINCE ANNOUNCES C $863 MLN AID OVER 5 YEARS TO MITIGATE ECONOMIC IMPACT OF U.S.

  • WASHINGTON— President Donald Trump, who has a reputation for inflaming racial tensions, is defending himself against claims that he's racist by taking credit for recent job gains by black Americans. The administration's argument Tuesday rested on a misleading boast that Trump has done more to help the economic well-being of minorities than Barack Obama, the...

  • WASHINGTON, Aug 15- The White House on Wednesday condemned Turkey's doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action "a step in the wrong direction." Turkey took the action in response to what it called the Trump's administration's attack on its economy. The tariffs that the United States placed on Turkey were out of national...

  • Aug 15- Google has added a section to its twice-yearly transparency report to show who buys U.S. election ads on its platform and how much money is spent on political advertising, the search engine giant said on Wednesday. spendtbytgeo= state:& l u= s p e n d t b y t g e o from Alphabet Inc's Google gives details on advertisers who have spent more than $500 on political ads...

  • BUENOS AIRES, Aug 15- Argentina's central bank on Wednesday sold $781 million in reserves into the foreign exchange market in a bid to stop a slide of the peso currency, which hit a record low because of inflation concerns and poor emerging markets sentiment globally. Argentina's economy has been one of the hardest hit by growing risk aversion.

  • *Turkey doubles tariffs on U.S. cars, alcohol, cigarettes. ISTANBUL, Aug 15- Turkey's Gulf ally Qatar pledged $15 billion of investment into the Turkish economy on Wednesday, offering further support to a lira rally after the central bank tightened liquidity and curbed selling of the currency. The dispute with NATO partner the United States, focused on a...

  • NEW YORK, Aug 15- Oil futures slid on Wednesday, with U.S. crude settling 3 percent lower after government data showed a surprise weekly increase in domestic crude stockpiles, compounding worries about the global economic growth outlook. U.S. crude futures settled at $65.01 a barrel, down $2.03, or 3 percent. Brent crude futures were down $1.70, or 2.35 percent, at...

  • SAN FRANCISCO— Uber is still struggling to make money while the ride-hailing service's CEO deals with the headaches left behind by his predecessor. That's something that CEO Dara Khosrowshahi has predicted Uber will eventually do, but for now it makes more sense to aggressively spend money on marketing, promotions and expanding into other areas of...

  • SAN FRANCISCO, Aug 15- Uber Technologies Inc said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019.. Uber's net loss narrowed to $891 million in its second quarter ending June 30 from $1.1 billion a year earlier.