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  • July 17- U.S. stock indexes pared some losses on Tuesday after Federal Reserve Chairman Jerome Powell said in a Congressional testimony there were "several years" of strong jobs and low inflation still ahead for the U.S. economy. U.S. stock were already lower ahead of Powell's written testimony to the Senate Banking Committee, as Netflix's slump due to weak...

  • LONDON, July 17- Energy exploration group Cuadrilla expects to start "fracking" Britain's first horizontal shale well shortly following years of protests and government reviews into this unconventional way of extracting oil and gas. The unlisted company said on Tuesday it was awaiting government approval to frack the first well at its Lancashire site in...

  • LOS ANGELES— Homegirl Cafe, a Los Angeles breakfast and lunch spot with a Latino twist, offers a unique dining experience prepared by former gang members. The popular cafe in the city's Chinatown allows visitors to relish carefully crafted meals while getting inspired by former inmates who willingly retell their stories about seeking a better life.

  • FARNBOROUGH, England, July 17- Rolls-Royce could start stockpiling parts in months if it looked like Britain was heading towards a disorderly exit from the European Union, the CEO of the UK engine-maker said, expressing frustration with the lack of clarity on the Brexit process. Britain is due to leave the EU in less than nine months, but there is little clarity...

  • The Food and Drug Administration wants to make it easier for some common medicines to be sold without a prescription. The agency proposed new guidelines Tuesday for drugmakers who want to switch prescription drugs to over the counter. Scott Gottlieb said the agency is evaluating ways to make sure consumers don't take an inappropriate over-the-counter drug.

  • Netflix is plunging after the streaming video company gained fewer subscribers than Wall Street had hoped in its latest quarter and also projected weak results over the next three months. Health care products company Johnson& Johnson is rising after it reported strong sales in its latest quarter. The Dow Jones Industrial Average fell 54 points, or 0.2 percent,...

  • GOLDMAN SACHS CFO SAYS NO IMPACT FROM GEOPOLITICAL OR TRADE CONCERNS SEEN ON BANKING CLIENT ACTIVITY.

  • New York, Connecticut, Maryland and New Jersey filed their complaint with the U.S. District Court in Manhattan.

  • TREASURY YIELDS LITTLE CHANGED AFTER RELEASE OF FED POWELL'S PREPARED SPEECH ON ECONOMY BEFORE SENATE PANEL.

  • 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 to be delivered to the Senate Banking Committee on Tuesday, the Fed chair signaled not...

  • WASHINGTON— Federal Reserve Chairman Jerome Powell gave lawmakers an upbeat assessment of the economy and expects to keep raising interest rates gradually. In his semi-annual testimony to Congress Tuesday, Powell described the Fed's process for slowly raising interest rates as "running smoothly." After the 2008 financial crisis, the Fed kept its key policy...

  • GOLDMAN SACHS CFO SAYS BANK IS RUNNING AHEAD OF PLAN ON EACH SEGMENT OF $5 BILLION REVENUE GROWTH TARGET.

  • *At 9:48 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 46.45 points, or 0.28 percent, at 16,448.28.

  • *Powell to testify before Congress at 10.00 a.m. ET. Powell is likely to reiterate the central bank's stance toward gradual monetary policy tightening at his testimony on the economy and monetary policy before the U.S. Senate Banking Committee from 10.00 a.m. ET. "The main focus of the day will be Powell's presentation of the monetary policy," said Peter Cardillo,...

  • FARNBOROUGH, England, July 17- European planemaker Airbus said on Tuesday a U.S. airline start-up backed by investors including JetBlue founder David Neeleman had signed a provisional deal to buy 60 Airbus A220-300 aircraft. The memorandum of understanding was signed at the Farnborough Airshow in southern England. Airline Weekly reported last month that...

  • *U.S. dollar up 0.3 percent at C $1.3176. Still the outlook for the Canadian dollar remained negative, analysts said, even though the Bank of Canada raised interest rates last week for the fourth time since July 2017, as the market has yet to fully price in the impact of global trade tensions. "Domestic rate expectations have softened modestly and yield spreads have...

  • *Industrial production increases 0.6 percent in June. *Manufacturing production rises 0.8 percent. WASHINGTON, July 17- U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.

  • NEW YORK— The latest on developments in financial markets:. Stocks are opening slightly lower as technology stocks give back some of their recent gains. In other earnings news, health care giant Johnson& Johnson rose 2.8 percent after reporting a strong quarter, thanks in part to solid earnings at its prescription drug business.

  • LONDON, July 17- Global benchmark Brent crude oil hit a three-month low on Tuesday as worries over supply disruptions eased and the focus moved to increasing production and potential damage to global growth from the U.S.- China trade dispute. Benchmark Brent crude oil fell 49 cents to an intraday low of $71.35 a barrel, its lowest since April 17, before...