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  • Aug 14- Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, regulatory filings showed Tuesday. Third Point added new positions in payment companies PayPal Holdings Inc and Visa Inc, both of which...

  • *Turkey is target of economic war, says president. *US demanding release of Christian pastor in Turkey. ISTANBUL, Aug 14- President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that helped drive the lira to record lows.

  • The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at $72 billion, and claimed funding was "secured." Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday.

  • Aug 14- Viavi Solutions Inc, which is said to supply optical filters for Apple iPhone's Face ID feature, on Tuesday reported a 33.3 percent rise in quarterly revenue, driven by demand for its 3 D sensing products. The company's total revenue rose to $264 million in the fourth quarter from $198.1 million a year earlier. Viavi reported a net loss of $28.8 million, or 13...

  • NEW YORK, Aug 14- Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private this month. T. Rowe Price Group Inc funds, once the No. 2 Tesla shareholder after Musk, cut their holdings by nearly a quarter to 11.9 million shares in the three...

  • Aug 14- Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears. The S&P 500 and the Dow Jones Industrial Average ended four-day losing streaks with broadbased gains across industry groups.

  • WASHINGTON, Aug 14- Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday. The Justice Department said the penalty is the largest-ever imposed on a bank for misconduct leading up to the financial crisis.

  • Aug 14- Puerto Rico's electric utility said it completed restoration of power to all of its customers on Tuesday, more than ten months after Hurricane Maria left 1.5 million homes and businesses in the dark. In a message on twitter, the Puerto Rico Electric Power Authority said it had restored power to the last customer that was still offline, a family in Ponce, on...

  • *Canadian dollar at C $1.3079, or 76.46 U.S. cents. TORONTO, Aug 14- The Canadian dollar strengthened against its U.S. counterpart on Tuesday as the currency rebounded from a near three-week low the day before, supported collapse of the Turkish lira. At 3:25 p.m. EDT, the Canadian dollar was trading 0.4 percent higher at C $1.3079 to the greenback, or 76.46 U.S. cents.

  • *Wall Street stocks rise, follow climb in Europe. *China data mostly softer, but German data bounces. NEW YORK, Aug 14- World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy.

  • *Saudi Arabia cut output- OPEC. NEW YORK, Aug 14- Oil prices edged lower on Tuesday, weighed down by a strengthening U.S. dollar as investors remained concerned about the financial crisis in Turkey. "Usually when the dollar starts making highs, it's probably a sign that we're still concerned about the Turkish situation," said Phil Flynn, analyst at Price Futures Group...

  • Sprint is working to persuade antitrust regulators to approve its merger with larger rival T-Mobile US Inc in a $26 billion deal, which the companies say will help them more quickly build the next-generation wireless network. The LG phone will be customized to Sprint's planned 5 G network, and will be compatible with T-Mobile only on that carrier's existing 4 G...

  • NEW YORK, Aug 14- Nasdaq Inc and a Wall Street watchdog will raise fees for private stock trading platforms, such as "dark pools," that report trade executions to a Nasdaq-run entity, in response to higher operational costs and off-exchange trading volumes, according to a recent regulatory filing. The fee increases, which kick in Sept. 1, could amount to more than $3.5...

  • *Turkey impact on U.S. seen limited- analyst. In retaliation against trade moves by the United States, President Tayyip Erdogan said on Tuesday Turkey would boycott electronic products from the United States. "My guess is that the Turkey-U.S. conflict settles this week as the Turkish government hands over Pastor Andrew Brunson probably as early as tomorrow," said...

  • The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at $72 billion, and claimed funding was "secured." Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday.

  • BRUSSELS, Aug 14- The International Air Transport Association is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM. IATA filed a complaint with the European Commission in 2016 after some of its member airlines were quizzed by...

  • *Safe-haven buying due to concerns over Turkey lends support. NEW YORK/ LONDON, Aug 14- Gold rose from near 18- month lows on Tuesday, with futures breaking back above the key $1,200 level as the dollar softened and some analysts said the precious metal may have fallen too far. Still, safe-haven buying due to the financial turmoil in Turkey helped bring gold off its...

  • GENOA, Italy, Aug 14- Firefighters searched into the night on Tuesday for survivors and bodies amid the rubble of a motorway bridge that collapsed in the morning in the northern Italian port city of Genoa, killing at least 22.. While that remained the official death toll, Prime Minister Giuseppe Conte said from Genoa on Tuesday evening that the number would rise.

  • Aug 14- U.S. chipmaker Intel Corp on Tuesday disclosed three more possible flaws in some of its microprocessors that can be exploited to gain access to certain data from computer memory. In January, the company came under scrutiny after security researchers disclosed flaws that they said could let hackers steal sensitive information from nearly every modern...

  • *Safe-haven demand propels dollar to highest since June 2017. NEW YORK, Aug 14- The dollar advanced to a 13- month peak on Tuesday against a basket of major currencies as traders increased their safe-haven holdings of the U.S. currency on worries about the fallout from the Turkish lira's recent fall. The Turkish lira has lost more than 40 percent of its value...