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Wires

  • NEW YORK _ The Madison Square Garden Co. on Thursday reported a loss of $84.3 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.78 per share. The Madison Square Garden Co. shares have climbed 27 percent since the beginning of the year.

  • FRANKFURT, Germany— An account of the European Central Bank's last meeting shows its policymakers are still concerned that inflation is too low despite an improving economy. The report of the July 20 meeting, published Thursday, shows the rate-setters also noted that market investors seemed overly aggressive in thinking the bank would wind down its stimulus...

  • HONG KONG/ BEIJING, Aug 17- CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said. Russia has overtaken Saudi Arabia as China's biggest oil supplier, and Rosneft is by far Russia's biggest and most...

  • FRANKFURT, Aug 17- Germany's Lufthansa is in talks to buy a majority of insolvent Air Berlin's aircraft, with the backing of Berlin, which is pushing for a national aviation champion, media reports said on Thursday. Berlin granted a bridging loan of 150 million euros to allow the airline to keep its planes in the air for three months and secure the jobs of its 7,200...

  • WASHINGTON— The Latest on President Donald Trump:. Chairman of the Joint Chiefs of Staff Joseph Dunford has strongly endorsed the statements by the leaders of the four major U.S. military services, who spoke out against racism and extremism after last weekend's violence in Charlottesville, Virginia. President Donald Trump has abruptly disbanded two of his...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported its 12th straight quarterly increase in comparable sales, but margins fell as the retailer continued to cut prices and invest in its e-commerce operations. Net income attributable to Wal-Mart during the second quarter ended July 31 fell 23 percent to $2.9 billion, or 96 per cents per share, from $3.7...

  • LONDON, Aug 17- Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, on Thursday reported its first underlying sales growth for three years, helped by food price inflation and very weak comparative numbers last year. Asda, the UK's third largest grocer after market leader Tesco and No. 2 Sainsbury's, said like-for-like sales rose 1.8...

  • DUBAI, Aug 17- Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Mecca, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday. Saudi Binladin, one of the country's top construction conglomerates, and the the Ministry of Finance were...

  • WESTERVILLE, Ohio _ Lancaster Colony Corp. on Thursday reported fiscal fourth-quarter net income of $28.5 million. Lancaster Colony shares have fallen 12 percent since the beginning of the year. Keywords: Lancaster Colony, Earnings Report.

  • *Indexes closed off their highs on Wednesday following the disbanding of two business councils by President Donald Trump after several chief executives quit in protest over his remarks on white nationalists. *Investors will also be focusing on Dallas Fed President Robert Kaplan and Minneapolis head Neel Kashkari, who are speaking at different events later...

  • *Indexes closed off their highs on Wednesday following the disbanding of two business councils by President Donald Trump after several chief executives quit in protest over his remarks on white nationalists. *Investors will also be focusing on Dallas Fed President Robert Kaplan and Minneapolis head Neel Kashkari, who are speaking at different events later...

  • *Egypt tender highlights glut of Black Sea supplies. PARIS/ SINGAPORE, Aug 17- Chicago wheat was little changed on Thursday, hovering close to contract lows struck a day earlier, as signs of competitive Black Sea exports kept the focus on large global supplies. The Chicago Board of Trade front-month September wheat had inched down 0.2 percent to $4.18-1/ 2 a bushel...

  • FRANKFURT, Aug 17- German carmakers Daimler and BMW may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt hinted on Thursday. Asked whether Sixt was involved in merger talks with Daimler and BMW, Chief Executive Erich Sixt said: "At the last press conference I made clear that...

  • *Shares in HK and Shanghai units to remain suspended. China Unicom's Hong Kong shares were suspended on Wednesday, while trading in its Shanghai- listed shares has been halted since early April. And, adding to market confusion, the deal announcement was taken down from the Shanghai bourse website although it remained on the Hong Kong bourse's website as well as...

  • BEIJING, Aug 17- Dongying Fangyuan Nonferrous Metals Co., one of China's largest copper smelters, has closed the second stage of its smelter in Shandong province for maintenance, a company official said on Thursday. The maintenance will last "around 20 days," until early September, the official said. The Dongying smelter has a capacity of 400,000 tonnes per year, he...

  • LONDON, Aug 17- Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, on Thursday reported its first underlying sales growth for three years, helped by food price inflation and very weak comparative numbers last year. Asda, the UK's third largest grocer after market leader Tesco and No. 2 Sainsbury's, said like-for-like sales rose 1.8...

  • SEATTLE— Starbucks founder and chairman Howard Schultz has told employees that bigotry, hatred and senseless acts of violence against "people who are not white" cannot stand. The comments follow last weekend's deadly violence following a white nationalist rally in Charlottesville, Virginia. The Seattle- based company posted on its website an edited video of...

  • BEIJING, Aug 17- China will fend off cross-border capital flow risks while pushing forward capital account convertibility in a cautious and orderly way, Pan Gongsheng, the head of the State Administration of Foreign Exchange, said at a meeting on Thursday.

  • Aug 17- Alibaba, China's top e-commerce firm, beat analyst's estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday's results show that Alibaba Group Holding Ltd, one of Asia's most valuable companies, is benefiting from more and more Chinese buying an increasing proportion of...

  • BENTONVILLE, Ark.— Americans are going into Walmart stores and they're spending money on its website, pushing the performance of the world's biggest retailer beyond Wall Street expectations during the second-quarter. And Walmart's effort to revitalize traffic in stores continues to gain ground. Wal-Mart Stores Inc. earned $2.9 billion, or 96 cents per share,...