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  • President Donald Trump on Thursday criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. dollar. Trump said he was concerned about the potential impact on the U.S. economy and American corporate competitiveness...

  • July 19- Homes and businesses in Texas used record amounts of power on Thursday afternoon, breaking the previous record set Wednesday, and are expected to use even more in coming days as consumers crank up air conditioners to escape a brutal heat wave, according to the operator of much of the state's power grid. To keep air conditioners running, Texas utilities are...

  • *WE EXPECT Q1 PRODUCTIVITY AND BUSINESS PROCESSES REVENUE BETWEEN $9.25 BILLION AND $9.45 BILLION- CFO. *WE EXPECT Q1 INTELLIGENT CLOUD REVENUE BETWEEN $8.15 BILLION AND $8.35 BILLION- CFO. *WE EXPECT Q1 MORE PERSONAL COMPUTING REVENUE BETWEEN $9.95 BILLION AND $10.25 BILLION- CFO Further company coverage:.

  • July 20- The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquified natural gas to PetroChina Co Ltd, Australia's Oil Search Ltd, a partner in the project, said on Friday. The three-year deal is for the supply of about 0.45 million tonnes of LNG a year to PetroChina International Corp Ltd, Oil Search said in a statement.

  • TOKYO, July 20- Japan's core consumer prices rose 0.8 percent in June from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.8 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.2...

  • WASHINGTON, July 19- U.S. lawmakers have reached an agreement that puts a measure to strengthen oversight of foreign investment from countries such as China into a must-pass defense policy bill, Representative Robert Pittenger's office said on Thursday. The Senate and U.S. House of Representatives had passed similar bills to strengthen the inter-agency...

  • *PBOC planning incentives to boost bank liquidity. SHANGHAI, July 19- Chinese policymakers are pumping more liquidity into the financial system and channeling credit to small and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated Sino-U.S. trade war. On Wednesday, a source with direct...

  • TOKYO, July 20- Nearly two-thirds of Japanese companies say inflation between zero and 1 percent, less than half the Bank of Japan's 2 percent goal, is "appropriate," a Reuters poll shows. A slight majority called for the central bank to lower its price target or ditch it altogether. Below are the questions and answers to a poll conducted by Nikkei Research between...

  • TOKYO, July 20- More than 40 percent of Japanese businesses believe it will take more than three years to reach the central bank's inflation goal of 2 percent, a Reuters poll shows, and more than a quarter think the goal is an impossible objective. In fact, almost two-thirds suggest an "appropriate" level of inflation in Japan is between zero and 1 percent.

  • TOKYO, July 20- More than 40 percent of Japanese businesses believe it will take more than three years to reach the central bank's inflation goal of 2 percent, a Reuters poll shows, and more than a quarter think the goal is an impossible objective. In fact, almost two-thirds suggest an "appropriate" level of inflation in Japan is between zero and 1 percent.

  • An email to the EPA for comment on the lawsuit was not immediately returned. Former EPA Chief Scott Pruitt had called the Obama administration's ban on the dirtier truck engines an example of regulatory overreach that "threatened to put an entire industry of specialized truck manufacturers out of business." "As EPA administrator, Scott Pruitt's job was to act as...

  • Commerce Secretary Wilbur Ross said at the hearing it was "too early" to say if the administration of President Donald Trump would impose the tariffs, even as many automakers and members of Congress think it is a foregone conclusion. Canada's deputy ambassador to the United States, Kirsten Hillman, told the hearing that imposing tariffs on Canadian imports...

  • The company's shares were trading at $24.77 after it also forecast disappointing third-quarter profit and revenue. Skechers said it expects third-quarter sales between $1.20 billion and $1.23 billion, missing analysts' estimate of $1.26 billion, according to Thomson Reuters I/B/E/S. They haven't managed to create a cool factor around the brand, " Jane Hali&...

  • "The combination of the cloud, which is a megatrend that's going to last for years to come, and the execution, this is company that knows how to sell and be innovative- it's hard to argue with anything here," said Tom Taulli, InvestorPlace.com analyst. Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive in 2014, refocusing the...

  • SIOUX FALLS, S.D. _ NorthWestern Corp. on Thursday reported second-quarter profit of $43.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ASPEN, Colo.— The top law enforcement official overseeing the probe of Russian meddling in the 2016 election is defending the prosecution of foreign agents who may never see the inside of a U.S. courtroom. Speaking Thursday at the Aspen Security Forum in Colorado, Deputy Attorney General Rod Rosenstein also said the Justice Department will notify the U.S. public...

  • July 19- A lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees. "IBM has approached every significant company in the web technology space asserting patents against them," Groupon lawyer J. David Hadden said during...

  • NEW YORK, July 19- A U.S. judge on Thursday dismissed a lawsuit by New York City seeking to hold major oil companies liable for climate change caused by carbon emissions from burning fossil fuels. Seth Stein, a spokesman for New York City Mayor Bill de Blasio, said the city planned to appeal the decision. "The mayor believes big polluters must be held accountable for...

  • Federal prosecutors in Los Angeles announced charges Thursday against the company that bottles Crystal Geyser water and two companies that transported and dumped the toxic waste. Naturally occurring arsenic was filtered out of water and discharged in a pond near the company's facility 160 miles north of Los Angeles. It was later trucked to a facility near...

  • NEW YORK, July 19- Donald Trump's comments that a strong dollar "puts us at a disadvantage" caused an instant fall in the greenback on Thursday and marked another example of the U.S. president commenting directly- and sometimes contradictorily- on the country's currency. In an interview with CNBC that aired in part on Thursday, Trump also said he was concerned that...