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Wires

  • LONDON, Aug 18- Britain's pound edged lower against the dollar on Friday and is set for its biggest weekly decline in more than two months as investors lightened positions after the week of lackluster data quashed expectations of policy tightening in the coming months. "The sentiment in the pound remains heavy due to the Brexit risks, complex negotiations,...

  • *China frozen chicken imports worth more than $1 bln a year. BEIJING/ SAO PAULO, Aug 18- China on Friday launched an anti-dumping investigation into imports of Brazilian broiler chickens after a complaint from the domestic industry that the South American country has been selling its chicken below market value. Brazil accounted for more than 50 percent of...

  • *Pravin Rao named interim CEO. BENGALURU/ MUMBAI Aug 18- Vishal Sikka, the chief executive brought in to turn around India's Infosys three years ago, resigned on Friday, blaming a "continuous drumbeat of distractions" and a long-running row with the founders over company strategy. Sikka's resignation spooked investors in India's second-biggest IT services...

  • WASHINGTON— Hiring increased in 11 U.S. states in July, while the unemployment rate tumbled to record lows in two states. The Labor Department said Friday that unemployment rates were relatively stable in most states. Florida gained 32,700. Pennsylvania saw hiring of 29,000..

  • NEW YORK, Aug 18- Glenview Capital Management, Tenet Healthcare Corp's largest shareholder, pulled its two representatives off the hospital company's board, citing "irreconcilable differences" over strategy. Tenet said on Friday that Glenview executives Randy Simpson and Matt Ripperger had resigned from the board on Thursday. Hedge fund Glenview owned...

  • The University of Michigan's consumer sentiment index rose to 97.6 in the first half of August from a final reading of 93.4 the month before. Whether that optimism holds in the weeks ahead, however, is a major question following recent events of violent protest in Charlottesville, Virginia, said Richard Curtin, chief economist for the Surveys of Consumers.

  • *IndiGo says planes grounded because no spare engines. NEW DELHI, Aug 18- India's biggest airline IndiGo said on Friday it had been forced to ground 12 Airbus jets because of delays in getting new Pratt and Whitney-made engines and uncertainty around a new Indian sales tax. IndiGo, owned by InterGlobe Aviation, and rival GoAir have faced delays in receiving planes...

  • RIO DE JANEIRO, Aug 18- Brazilian investigators said on Friday they were finding more evidence that foreign companies were involved in a political graft scheme that saw the firms bribe executives at state-run enterprises and politicians to win government contracts. At a press conference detailing allegations that U.S-based asphalt maker Sargeant Marine...

  • NEW YORK, Aug 18- U.S. Treasury yields rebounded from their session lows on Friday as stronger-than-forecast data on U.S. consumer sentiment in early August from the University of Michigan revived some demand for stocks and reduced appetite for low-risk bonds. At 10:11 a.m., the benchmark 10- year Treasury yield was 2.171 percent, down 2.4 basis points from...

  • *Canadian dollar at C $1.2586, or 79.45 U.S. cents. TORONTO, Aug 18- The Canadian dollar rose to a two-week high against its U.S. counterpart on Friday, as data showing an uptick in the Bank of Canada's core measures of inflation supported the view that the central bank will raise interest rates in the fall. "They are trending higher, and this is consistent with the output...

  • TREASURY YIELDS PARE DECLINE AS WALL STREET STOCKS TRIM LOSSES FOLLOWING EARLY AUGUST U. MICHIGAN U.S.

  • TREASURY YIELDS HOLD NEAR SESSION LOWS AFTER STRONGER-THAN-FORECAST U. MICHIGAN U.S.

  • *Estee Lauder rises after forecast beats estimates. The S&P 500 posted its biggest one-day percentage loss in about three months on Thursday amid concerns over President Donald Trump's ability to legislate his pro-growth agenda. Trump has alienated Republicans, corporate leaders and U.S. allies, while rattling markets with his comments since Saturday's...

  • *Estee Lauder rises after forecast beats estimates. The S&P 500 posted its biggest one-day percentage loss in about three months on Thursday amid concerns over President Donald Trump's ability to legislate his pro-growth agenda. Trump has alienated Republicans, corporate leaders and U.S. allies, while rattling markets with his comments since Saturday's...

  • CHICAGO— Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for Sept delivery was higher 2.40 cents at $4.1640 a bushel; Sept corn was up 1.60 cents at $3.5220 a bushel; Sept oats gained 1.20 cents at $2.5940 a bushel while Sept soybeans was up 2.20 cents to $9.3240 a bushel. August live cattle was. 83 cent lower at $1.0630 a pound;...

  • RIO DE JANEIRO, Aug 18- Brazilian authorities announced two new phases of their Car Wash operation on Friday, ensnaring U.S. asphalt maker Sargeant Marine, six Greek shipping companies and a former Brazilian congressman in the wide-ranging graft probe. The statement said former lawmaker Candido Vaccarezza, who had been a Workers Party government leader in the...

  • NEW YORK— "These are the times that try men's souls," was written more than two centuries ago, but given events this week, they could have popped up in any blog or tweet in recent days. The company, called Chicken Soup for the Soul Entertainment Inc., offered 2.5 million shares for $12 each. The company was founded by motivational speakers Jack Canfield and Mark Victor...

  • NEW YORK— The latest on developments in financial markets:. Lincoln National lost 1 percent. Athletic gear retailer Foot Locker plunged 25 percent after a weak quarter.

  • TORONTO, Aug 18- Canada's main stock index opened lower on Friday, as investors fled to safety amid global geopolitical uncertainties, with the heavily weighted financial stocks leading broad declines. The Toronto Stock Exchange's S&P/TSX composite index fell 69.62 points, or 0.46 percent, to 14,964.02. Materials was the only group that advanced out of the...

  • Aug 18- U.S. stocks opened little changed on Friday, a day after the S&P posted its biggest one-day percentage loss in about three months amid concerns over President Donald Trump's ability to legislate his pro-growth agenda. The Dow Jones Industrial Average fell 12.56 points, or 0.06 percent, to 21,738.17. The S&P 500 lost 2.29 points, or 0.09 percent, to 2,427.72.