Asian factories face fitful activity as world sputters

SYDNEY (Reuters) - Factories in China and Japan - the world's second and third largest economies - saw scant sign of demand recovering in July, with surveys across Asia offering only crumbs of comfort after weak growth readings in the United States and Europe.

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Uber to combine China business with Didi Chuxing in $35 billion merger: Bloomberg

(Reuters) - Ride-hailing service Uber Technologies Inc would merge its China business with rival Didi Chuxing, valuing the combined company at $35 billion, Bloomberg reported, citing people familiar with the matter.

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Japan July factory activity shrinks for fifth month but at slower pace, export orders slump: PMI

TOKYO, Aug 1 (Reuters) - - Japanese manufacturing activity shrank in July at a slower pace than the previous month but new export orders contracted the fastest in more than 3-1/2 years, a private survey showed on Monday, in an indication that recent yen gains are hurting exporters.

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China factory activity unexpectedly dips in July: official PMI

BEIJING (Reuters) - Activity in China's manufacturing sector unexpectedly shrank in July, an official survey showed on Monday, with small and medium-sized firms leading the fall and reinforcing fears that the economy may once again be losing momentum.

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Uber to invest $500 million in global mapping project: FT

NEW YORK (Reuters) - Ride-hailing service Uber [UBER.UL] has decided to invest $500 million into an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driverless cars, the Financial Times reported on Sunday.

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Tesla, SolarCity set to announce merger on Monday: sources

(Reuters) - Tesla Motors Inc and SolarCity Corp could announce they have agreed to merge as early as Monday, according to people familiar with the matter.

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Vivendi says ties with Mediaset not 'broken'

PARIS (Reuters) - Ties between Vivendi and Italy's Mediaset are not "broken" but nor are they essential to the French media group's strategy as it could find other Italian partners, its chief executive told Les Echos newspaper.

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Chinese consortium agrees to $4.4 billion deal for Caesars online games

(Reuters) - A Chinese consortium that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba Group Holding Ltd founder Jack Ma has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said.

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Helicopter money talk takes flight as Bank of Japan runs out of runway

TOKYO (Reuters) - The Bank of Japan's review of its monetary stimulus program promised for September has revived expectations it could adopt some form of "helicopter money", printing money for government spending to spur inflation.

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Data in focus as market struggles for direction

NEW YORK (Reuters) - Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data.

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'Sell everything,' DoubleLine's Gundlach says

NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.

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Delaware judge proposes October trial over removal of Viacom directors

(Reuters) - A Delaware judge on Friday ruled that Sumner Redstone's lawyers must defend in a trial his move to oust five directors from Viacom Inc's board and suggested that he wants to get a better picture of the 93-year-old media mogul’s mental capacity.

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SABMiller board to recommend final AB InBev offer

LONDON (Reuters) - The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev , the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger.

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Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron

HOUSTON (Reuters) - Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in quarterly profit, both victims of a prolonged rout in crude prices and sinking income from refining, a sign of the broad malaise across the energy sector.

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Exxon Mobil profit misses expectations; stock slides

HOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday due to weak crude prices and refining income, reflecting the broad malaise in the energy sector.

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Yen, bond yields rise as Bank of Japan action underwhelms

LONDON (Reuters) - The yen jumped on Friday and Japanese government bond yields rose the most in eight years, lifting global sovereign borrowing costs, after the Bank of Japan's latest steps to boost growth and inflation fell short of investor expectations.

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Euro zone economic growth slows in quarter before Brexit

BRUSSELS (Reuters) - Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth.

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Oil rally to resume later this year, demand to offset glut: Reuters poll

(Reuters) - Oil analysts still expect a rise in the crude price this year, thanks to improving demand growth that should help offset any bearish headwinds from a stubborn supply surplus, a Reuters poll showed on Friday.

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BOJ eases policy by doubling ETF buying, underwhelms expectations

TOKYO (Reuters) - The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures.

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Amazon tops Wall Street targets, lifted by cloud revenue

(Reuters) - Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well.

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Microsoft to cut 2,850 more jobs

(Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.

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Google-parent Alphabet revenue up 21.3 percent

(Reuters) - Google-parent Alphabet Inc posted a 21.3 percent rise in second-quarter revenue, driven by strong advertising sales on mobile devices and for video content.

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Facebook shares hit record high as it beats estimates again

(Reuters) - Facebook Inc is growing so fast analysts can't keep up.

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U.S. jobless claims rise; labor market still strong

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, but the underlying trend continued to point to sustained labor market strength. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 266,000 for the week ended July 23, the Labor Department said on Thursday. Claims for the prior week were revised to show 1,000 fewer applications received than previously reported.

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Wall Street to open flat after Fed leaves rates unchanged

(Reuters) - Wall Street was set to open flat on Thursday after the Federal Reserve decided to keep interest rates unchanged, but left the door open for a possible increase in the coming months.

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Dow Chemical's profit handily beats estimates as costs fall

(Reuters) - Dow Chemical Co , the No.1 U.S. chemical maker by sales, reported a better-than-expected quarterly profit as cost cuts helped boost margins.

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Lackluster U.S., China sales drag on Ford Motor profit; shares drop

DETROIT (Reuters) - Ford Motor Co reported weaker-than-expected profit in the second quarter, and said its full-year earnings forecast was at risk with U.S. auto sales expected to fall in the second half, sending shares tumbling in premarket trading.

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Fed leaves rates unchanged, says risks to outlook reduced

WASHINGTON (Reuters) - The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

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Facebook trumps estimates on blistering ad sales growth

(Reuters) - Facebook Inc's quarterly profit and revenue blew past Wall Street estimates as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.

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SABMiller pauses integration work with AB InBev: sources

LONDON (Reuters) - SABMiller has asked employees to pause the process of integrating its operations with those of Anheuser-Busch InBev as the brewer's board weighs its sweetened takeover offer, according to sources familiar with the matter.

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As iPhone sales stagnate, services promise growth for Apple

(Reuters) - Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth.

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Comcast profit drops on film sales, beats Wall Street estimates

NEW YORK (Reuters) - Comcast Corp reported a 5 percent drop in quarterly profit on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units. Shares of the largest U.S. cable operator and high-speed internet provider were up 2.7 percent at $69 in premarket trading.

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Boeing posts first quarterly loss in almost seven years

NEW YORK (Reuters) - Boeing Co on Wednesday reported its first quarterly loss in nearly seven years, hit by charges related to the 787, 747 and KC-46 tanker aircraft programs.

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Fiat Chrysler second-quarter operating profit hit by recall costs

MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) on Wednesday reported a 14 percent drop in second-quarter operating profit after charges related to recall costs and capacity shifts in North America, sending its shares more than 3 percent lower.

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Anthem profit beats estimates as Medicaid memberships rise

(Reuters) - U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans.

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Coca-Cola quarterly revenue drops 5.1 percent

(Reuters) - Coca-Cola Co reported a 5.1 percent drop in quarterly revenue, citing "difficult external conditions" in many of its emerging and developing markets, including China and Argentina.

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Apple CEO touts future technology amid iPhone worries

SAN FRANCISCO (Reuters) - As iPhone sales declined for the second straight quarter, Apple CEO Tim Cook peeled back the curtain ever so slightly on its work in artificial intelligence and augmented reality, aiming to reassure investors that the company is ready to ride the next wave of technology.

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Apple sells more iPhones than expected, shares jump after hours

(Reuters) - Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.

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Twitter reports slowest quarterly revenue growth since IPO

(Reuters) - Twitter Inc reported its slowest growth in quarterly revenue since going public in 2013 as the company faces intensifying competition from fast-growing competitors such as Snapchat and Instagram.

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Goldman is sued in U.S. over merger linked to Malaysia's 1MDB

NEW YORK (Reuters) - Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger to curry favor with that country's prime minister.

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Verizon reports bigger-than-expected fall in quarterly revenue

(Reuters) - Verizon Communications Inc  reported a bigger-than-expected fall in quarterly revenue as the No. 1 U.S. wireless carrier's operations were disrupted by a strike involving its wireline workers and more customers opted for cheaper plans.

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Wall Street set to open flat as investors assess earnings

(Reuters) - Wall Street was set to open little changed on Tuesday as investors awaited the Federal Reserve's meeting and braced for earnings reports from companies such as Apple and Twitter.

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Japan shares slip, yen gains as caution grips

SYDNEY (Reuters) - Caution was the watchword among investors on Tuesday, with equity markets mixed and the yen scampering higher ahead of central bank meetings in the United States and Japan.

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The identity crisis that led to Yahoo's demise

SAN FRANCISCO (Reuters) - When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis.

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Fed seen holding rates steady as inflation watch continues

SAN FRANCISCO (Reuters) - The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.

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Wall Street lower as earnings roll in; Fed meet eyed

(Reuters) - Wall Street opened slightly lower on Monday as investors braced for another set of corporate earnings and awaited the Federal Reserve's monetary policy meeting.

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Nintendo shares dive as company plays down Pokemon GO's earnings impact

TOKYO (Reuters) - Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings - their biggest setback so far after a huge run-up on the smash-hit game.

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Verizon to announce $5 billion deal to buy Yahoo on Monday: source

(Reuters) - Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter.

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Crude stays near two-month low on oil glut worries

TOKYO (Reuters) - Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut.

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New Allianz asset management chief wants closer ties with Pimco: FT

(Reuters) - A new top executive at German insurer Allianz wants to forge closer ties with its U.S. asset management business, Pimco, according to the Financial Times.

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Apple weathers anti-U.S. demo in China, where patriotic protests snowball

HONG KONG (Reuters) - Apple Inc found itself on the receiving end of a small, short-lived anti-U.S. protest this week in China, the tech firm's biggest overseas market and a country where foreign firms have suffered damaging boycotts following international spats.

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Corporate raiders seek Brexit bargains in Britain

LONDON (Reuters) - Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought.

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G20 will use 'all policy tools' to protect growth as Brexit looms

CHENGDU, China (Reuters) - Leaders from the world's biggest economies are poised on Sunday to renew their commitments to support global growth and better coordinate actions in the face of uncertainty over Britain's decision to leave the European Union and growing protectionism.

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Bottom line: brands chase China's high-end lingerie market

HONG KONG (Reuters) - High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket.

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China's growth sucks in more debt bucks for less bang

BEIJING (Reuters) - As China's economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending.

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Silicon Valley leads avalanche of quarterly reports

SAN FRANCISCO (Reuters) - A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam.

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U.S. government's bid to block insurance mergers could spawn new ones

(Reuters) - The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result - more mergers.

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Fiat Chrysler recalling 410,000 vehicles

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion.

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Yahoo focused on selling core assets to Verizon: sources

(Reuters) - Yahoo Inc is focused on selling its core assets to U.S. telecommunications company Verizon Communications Inc after reviewing final bids that it received in an auction, people familiar with the matter said on Friday.

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GE profit beats estimates despite slow, volatile economy

(Reuters) - General Electric Co on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. A boost from the sale of its appliances business also lifted earnings.

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Asia dips as weak results halt bull run on Wall St., yen holds gains

TOKYO (Reuters) - Asian stocks dipped early on Friday after weak corporate results halted Wall Street's record run overnight, while the yen held to large gains made after the Bank of Japan's governor downplayed the need for "helicopter money" monetary policies.

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Intel, transports sap Wall Street's strength

(Reuters) - Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared.

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Fox News chief Ailes resigns after sexual harassment claims

(Reuters) - Roger Ailes, who built Fox News into a money-making ratings powerhouse, has resigned as chairman and chief executive of the popular cable channel following allegations of sexual harassment, according to the company.

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GM says it may recall 4.3 million vehicles for Takata air bags

(Reuters) - General Motors Co said in a securities filing on Thursday it may be forced by U.S. regulators to recall another 4.3 million vehicles for Takata air bag inflators, a call-back that would cost it $550 million.

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Global stocks nurse nine-month highs before ECB meeting

LONDON (Reuters) - World stocks faded after hitting nine-month highs on Thursday as signals from Japan that its next shot of stimulus won't include hand-out 'helicopter money' cooled the mood.

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U.S. jobless claims fall to three-month low

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting a three-month low as the labor market continues to gather momentum.

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Musk's Tesla 'master plan' big on vision, short on details

(Reuters) - Tesla Motors Inc chief Elon Musk's ambitious new "master plan" provided a vision of the company as a leader in sustainable energy, but lacked details on how the plan would be funded and executed.

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GM raises full-year forecast after strong second-quarter result

DETROIT (Reuters) - General Motors Co raised its forecast for full-year profits after reporting a record second quarter profit that handily beat Wall Street expectations.

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Blockbuster ratings may give Fox News room to revive after Ailes exit

NEW YORK (Reuters) - The imminent departure of founder and Chief Executive Roger Ailes may not come at an ideal time for Fox News Channel, but the momentum of record ratings amid the most sensational U.S. presidential election in decades may give the cable network some breathing room to recover, media buyers and Wall Street analysts said.

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Musk says he's ready to launch new Tesla 'master plan'

(Reuters) - Tesla Motors Inc Chief Executive Elon Musk said Wednesday he will roll out a new master plan for the electric luxury car maker this evening, after hints he intends to make Tesla a renewable energy enterprise offering products and services beyond vehicles.

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U.S. sues to seize $1 billion in assets tied to Malaysian state fund

WASHINGTON (Reuters) - U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister Najib Razak and used to finance the Hollywood film "Wolf of Wall Street" and to buy property and famous works of art.

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AB InBev set to win U.S. antitrust approval for SABMiller deal: Bloomberg

(Reuters) - Anheuser-Busch InBev SA has secured U.S. antitrust approval for its takeover of SABMiller Plc , after the Budweiser maker agreed to give up ownership of the Miller brand, Bloomberg reported, citing people familiar with the matter.

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U.S. charges two HSBC executives over forex-related scheme

NEW YORK (Reuters) - A senior manager at HSBC Holdings Plc has been arrested in New York and charged along with a former foreign exchange executive for engaging in a scheme to defraud one of the bank's clients in a $3.5 billion currency transaction.

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Justice Department files lawsuits in connection with 1MDB probe

(Reuters) - The U.S. Department of Justice filed lawsuits on Wednesday seeking to seize dozens of properties tied to Malaysian state fund 1Malaysia Development Berhad (1MDB), saying that over $3.5 billion was misappropriated from the institution.

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Morgan Stanley reports fall in quarterly profit

(Reuters) - Wall Street investment bank Morgan Stanley reported a fall in adjusted second-quarter profit on Wednesday as cost-cutting failed to make up for a decline in revenue from trading and investment banking.

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PIMCO hires Man Group CEO Manny Roman as its new chief

LONDON (Reuters) - Pacific Investment Management Co (PIMCO) has poached Emmanuel 'Manny' Roman from Man Group , the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014.

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Nintendo shares fall 10 percent after doubling on Pokemon GO craze

TOKYO (Reuters) - Nintendo Co's shares fell 10 percent in early trade on Wednesday after they more than doubled in value over the past seven sessions powered by the record-breaking success of the Pokemon GO mobile game.

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Ailes' future at Fox News in doubt after reported harassment claims

(Reuters) - Roger Ailes' future as chief of Fox News was thrown into doubt on Tuesday as several news organizations including Variety reported his imminent departure following allegations of sexual harassment.

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New York alleges in lawsuit Volkswagen executives covered up diesel cheating

WASHINGTON (Reuters) - Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, New York state charged on Tuesday in a civil lawsuit against the company.

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Lockheed Martin raises forecast as quarterly revenue beats

(Reuters) - Lockheed Martin Corp , Pentagon's No. 1 weapons supplier, reported better-than-expected quarterly revenue, as the company benefited from the acquisition of helicopter maker Sikorsky Aircraft and increased sales of its F-35 fighter jet.

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Goldman's profit jumps as bond trading revenue rises

(Reuters) - Goldman Sachs Group Inc's quarterly profit jumped 78 percent, handily beating market expectations, as the Wall Street bank earned more from bond trading and its expenses fell.

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UnitedHealth profit beats on Optum unit strength

(Reuters) - UnitedHealth Group Inc , the largest U.S. health insurer, reported a better-than-expected quarterly profit due to strength in its pharmacy benefit management business, and technology and consulting divisions.

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J&J quarterly sales rise 3.9 percent

(Reuters) - Diversified healthcare company Johnson & Johnson reported a 3.9 percent increase in second-quarter sales, helped by strength in its pharmaceuticals business.

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Truckmaker Volvo beats earnings forecast, sees U.S. market weaken

STOCKHOLM (Reuters) - Swedish truckmaker Volvo reported better than expected second-quarter earnings on Tuesday as cost cuts and rising European sales helped fortify it against slumping U.S. demand for commercial vehicles.

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Viacom's top two executives reserve right to resign, look to protect millions in pay

(Reuters) - Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have reserved their legal right to resign "with good reason" in a move to protect tens of millions of dollars in potential severance pay.

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Yahoo reports lackluster results as sale looms

(Reuters) - Yahoo Inc's (YHOO.O) quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business.

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Bank of America profit falls 19.4 percent as interest income drops

(Reuters) - Bank of America Corp , the second-largest U.S. bank by assets, reported a 19.4 percent fall in quarterly profit on Monday as low lending rates dented its interest income.

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Japan's SoftBank agrees $32 billion deal to buy Britain's ARM

LONDON (Reuters) - Japan's SoftBank Group Corp has agreed to buy British chip designer ARM Holdings for 24.3 billion pounds ($32 billion), in a deal that will retain the company's management and grow its workforce.

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ExxonMobil bids $2.2 billion for InterOil, may spark bidding war

MELBOURNE (Reuters) - ExxonMobil Corp has made a bid worth at least $2.2 billion for Papua New Guinea-focused InterOil Corp , winning the support of InterOil and topping an offer from Oil Search Ltd , Oil Search said on Monday.

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Success of Pokemon GO adds impetus for change at Nintendo

TOKYO/SINGAPORE (Reuters) - The phenomenal success of Pokemon GO and the surge in Nintendo Co's market value by $17 billion in just over a week has been seized upon by one of its most vocal investors to press for a change of strategy at the company.

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Crude prices trade little-changed after Turkey's failed coup

NEW YORK (Reuters) - Oil prices were either side of unchanged on Sunday in early trade as the impact from Turkey's failed military coup was broadly expected to be limited on global markets.

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Volkswagen promises U.S. dealers restitution within a month: WSJ

(Reuters) - Volkswagen AG executives in the United States have promised restitution within a month for American franchise dealers damaged by the carmaker's diesel scandal, the Wall Street Journal reported on Sunday, citing dealers.

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Iran seeks more aircraft as questions linger over earlier deals

ANKARA/FARNBOROUGH, England (Reuters) - Iran has expanded its search for aircraft and is looking to order dozens more jets while it continues to try to overcome hurdles to deals worth some $50 billion with Airbus and Boeing, Iranian officials and Western industry sources said.

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Draghi to ask governments to chip in to counter Brexit fallout

FRANKFURT (Reuters) - European Central Bank President Mario Draghi is likely to plead for governments to do more to boost the euro zone's economy in the coming week as the fallout of Britain's vote to leave the EU and weaker global growth threaten the bloc's fragile recovery.

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WeWork sues ex-employee for disclosing information to reporters

NEW YORK (Reuters) - WeWork Companies Inc, a closely held operator of shared office space, has sued a former employee for unauthorized disclosure of information to Bloomberg News that showed the firm, which is valued at $16 billion, falling short of its financial goals.

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First delivery of Airbus A320neo to Pegasus postponed after Turkish coup bid

PARIS (Reuters) - The first delivery of a new version of Airbus's A320 jet to Pegasus Airlines has been postponed following the thwarted coup attempt in Turkey, the European planemaker said on Saturday.

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U.S. retail sales, consumer prices rise as domestic demand picks up

WASHINGTON (Reuters) - U.S. retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter.

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U.S. consumer prices maintain gains on rising housing, healthcare costs

increased for a fourth straight month in June as Americans paid

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FTC determines Herbalife not a pyramid scheme: CNBC

(Reuters) - Herbalife Ltd is expected to announce a settlement with the Federal Trade Commission, under which the regulatory body has determined that the weight-loss products maker is not a pyramid scheme, CNBC tweeted, citing Dow Jones.

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China second-quarter GDP grows 6.7 percent year-on-year, slightly better than expected

BEIJING (Reuters) - China's economy grew 6.7 percent in the second quarter from a year earlier, steady from the first quarter and slightly better than expected as the government stepped up efforts to stabilize growth in the world's second-largest economy.

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Oil falls as glut fears return, China data eyed

TOKYO (Reuters) - Crude futures fell in early trading in Asia on Friday as concerns about a global oil glut returned to the fore and traders wait on data from China, which is expected to report its lowest growth rate since 2009.

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Fed policymakers signal no rush to raise U.S. rates

SAN FRANCISCO (Reuters) - Federal Reserve policymakers appear to be in no hurry to raise U.S. interest rates despite signs that the U.S. economy is near full employment, with two more top Fed officials expressing that view on Thursday.

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Fed's Bullard says coherent immigration policy would benefit U.S.

ST. LOUIS (Reuters) - A coherent, economically-oriented immigration policy would benefit the U.S. economy greatly and could lift it from the slow-growth rut in which it is currently stuck, a top Federal Reserve official said on Thursday.

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Fed's Lockhart: Brexit, uncertainty, require patience on rates

VICTOR, Idaho (Reuters) - The U.S. Federal Reserve should remain "cautious and patient" with any future interest rate increases as the fallout from the recent Brexit vote becomes clear, Atlanta Fed President Dennis Lockhart said on Thursday, adding weight to a core of U.S. central bankers who appear poised to remain on hold.

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Microsoft wins landmark appeal over seizure of foreign emails

NEW YORK (Reuters) - A federal appeals court on Thursday said Microsoft Corp and other companies cannot be forced to turn over customer emails stored on servers outside the United States.

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BoE surprises markets by keeping rates on hold, signals August move

LONDON (Reuters) - The Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years with Britain's economy reeling from last month's vote to leave the European Union.

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JPMorgan beats expectations, helped by loan growth and cost controls

(Reuters) - JPMorgan Chase & Co reported a marginally lower second-quarter profit on Thursday but still beat subdued analyst expectations, helped by loan growth and a tight control on operating expenses.

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U.S. posts $6 billion budget surplus in June

WASHINGTON (Reuters) - The U.S. federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday.

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U.S. economy shows few signs of sustained inflation pressure: Fed

WASHINGTON, (Reuters) - The U.S. economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday.

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Crude oil futures up in early Asian trade after big losses

TOKYO (Reuters) - Crude prices rose on Thursday in early Asian trading after big losses in the previous session spurred by mounting concerns that the global glut in oil is not going away soon after the latest bearish data out of the United States.

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Asian shares near eight-month peak on hopes of BoE rate cuts

TOKYO (Reuters) - Asian shares held near eight-month high on Thursday as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country's decision to leave the European Union.

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Fed's Harker now sees just up to 2 rate hikes this year

PHILADELPHIA (Reuters) - The Federal Reserve could hike interest rates up to two times before year end, a top U.S. central banker said on Wednesday, slightly downgrading his expectations for monetary tightening even though he said the economy is on "fairly firm footing."

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Wall Street record-setting rally peters out

(Reuters) - U.S. stocks took a breather on Wednesday, with investors turning their focus to corporate earnings reports to justify valuations following a three-day record-setting rally.

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Teva says Allergan deal to close 'any time', expects U.S. antitrust clearance

NEW YORK/TEL AVIV (Reuters) - Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close "at any time," even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review.

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Tesla cuts prices again as sales miss targets

DETROIT (Reuters) - Tesla Motors Inc has cut the starting price of its Model X crossover, the second time this year the electric vehicle maker has lowered prices after missing sales targets.

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U.S. economy performing despite headwinds, leaders must cooperate: Lew

LONDON (Reuters) - The U.S. economy continues to perform steadily in the face of headwinds, though leaders need to work together and use all tools at their disposal to promote growth, U.S. Treasury Secretary Jack Lew said on Wednesday.

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Many fear changes to U.S. SEC's in-house trials not enough

WASHINGTON (Reuters) - The top U.S. securities regulator on Wednesday will try to answer complaints it stacks the deck against defendants at in-house trials by approving its first major revisions to the administrative proceedings in two decades.

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China says U.S. deliberately misread WTO rules in steel subsidy spat

SHANGHAI (Reuters) - China's Commerce Ministry said on Wednesday the United States had deliberately misinterpreted World Trade Organization (WTO) rules after the U.S. Commerce Department found in favor of subsidy rates for Chinese steel.

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Oil prices fall on profit taking, surprise build in U.S. crude stocks

SINGAPORE (Reuters) - Crude futures fell on Wednesday as investors took gains after oil prices surged nearly 5 percent in the previous session, partly on the back of a forecast increase in demand next year.

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'Big money' to be made if stocks fail to stay near current highs: Gundlach

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that there is "big money" to be made on the "short side" if equities fail to stay near current highs.

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JPMorgan to raise minimum wage for 18,000 U.S. workers

NEW YORK (Reuters) - JPMorgan Chase & Co Inc said on Tuesday it will raise the minimum wage for 18,000 U.S. employees over three years, a decision that follows political pressure and moves by some states to raise pay for low-level workers.

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U.S. economy likely grew 2.3 percent in second quarter: Atlanta Fed

NEW YORK (Reuters) - The U.S. economy likely expanded at a 2.3 percent annualized rate in the second quarter following the latest data on wholesale trade, the Atlanta Federal Reserve's GDPNow forecast model showed on Tuesday.

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U.S. business wants slow Brexit, investment to dry up: lobby

ISTANBUL (Reuters) - U.S. businesses, Britain's biggest foreign investors, largely factored in the vote to leave the European Union and now want to see exit talks progress slowly, a top executive at the U.S. Chamber of Commerce said.

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IMF says sees 'negligible' Brexit impact on U.S. growth

WASHINGTON (Reuters) - Britain's referendum on leaving the European Union has caused uncertainty and increased risks to the U.S. economy, but thus far it looks likely to have a pretty "negligible" impact on U.S. growth, the International Monetary Fund said on Tuesday.

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Fed's Bullard sticks with single interest rate hike view

ST. LOUIS (Reuters) - St. Louis Fed President James Bullard on Tuesday stuck with his view that only a single interest rate increase will be needed for the foreseeable future, despite the strong rebound in U.S. job growth in June.

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

TOKYO (Reuters) - Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday.

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NY Fed, Bangladesh Bank meeting on heist postponed: sources

DHAKA (Reuters) - A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank's account at the Fed has been postponed, officials in Dhaka said.

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China watchdog says IKEA to recall 1.66 million malm chests and dressers

SHANGHAI (Reuters) - Swedish furniture company IKEA Group is recalling 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday.

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U.S. stocks at new record, earnings key for more gains

NEW YORK (Reuters) - Despite the worst start to the year in history for U.S. stocks, the benchmark S&P 500 index rallied to a record intraday high on Monday, surpassing the previous intraday peak set on May 20, 2015.

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S&P 500 hits record intraday high

(Reuters) - The S&P 500 set a record high on Monday after a stunning monthly jobs report last week boosted confidence in the U.S. economy.

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Starbucks to hike wages for U.S. workers in October

(Reuters) - Starbucks Corp will raise wages of all workers in its U.S. stores this year, days after being accused by employees of "extreme" cutbacks in work hours at its U.S. cafes.

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Thomson Reuters to sell IP & science business for $3.55 billion

(Reuters) - Thomson Reuters Corp said it agreed to sell its intellectual property and science business to private equity firms Onex Corp and Baring Private Equity Asia for $3.55 billion in cash.

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Pentagon unveils new cost-cutting initiatives for F-35 fighter jet

FARNBOROUGH, England (Reuters) - The U.S. Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin Corp's F-35 fighter plane by more than $1 million per jet, and kicked off a similar project to cut operating and maintenance costs.

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Pokemon game adds $7.5 billion to Nintendo market value in two days

TOKYO (Reuters) - Shares in Japan's Nintendo Co Ltd soared again on Monday, bringing market-value gains to $7.5 billion in just two days as investors cheered the runaway success of Pokemon GO - its first long-awaited venture in mobile gaming.

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Wal-Mart offers 'free shipping with no minimum' to tackle Amazon's Prime Day

(Reuters) - Wal-Mart Stores Inc will offer free shipping with no minimum purchase on all online orders for five days starting on July 11, stepping up its battle against Amazon.com Inc's highly publicized shopping event "Prime Day".

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Musk hints at top secret Tesla masterplan: tweet

(Reuters) - Tesla Motors Inc CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his "top secret Tesla masterplan" following an embattled several weeks for the silicon valley heavyweight.

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Oil near two-month low despite Saudi comment on market balance

TOKYO (Reuters) - Crude prices edged down in early Asian trade on Monday to hold near two-month lows on seasonally weak consumption, despite comments from the Saudi Arabian oil minister that the oil market was becoming more balanced.

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Bank earnings loom large as stocks near record

NEW YORK (Reuters) - The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the U.S. economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.

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UK's Osborne to urge U.S. investors to stick with Britain outside EU

LONDON (Reuters) - British finance minister George Osborne will meet some of Wall Street's biggest investors in New York on Monday to urge them to stick with Britain despite last month's vote to leave the European Union, his office said.

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German authority would not have approved beta-phase Tesla autopilot: newspaper

FRANKFURT (Reuters) - Germany's Federal Office for Motor Vehicles (KBA) would not have approved the autopilot system installed on Tesla cars if the technology was still in a beta-phase version, it told German newspaper Welt am Sonntag.

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Exclusive: WellCare, Centene make offers for Aetna assets - sources

(Reuters) - WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc is looking to shed as its seeks clearance for its acquisition of Humana Inc , people familiar with the matter said.

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Divided Wall St. clings to view of one 2016 rate hike after jobs data: poll

NEW YORK (Reuters) - Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year.

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Germany denies investigating Tesla over software updates

BERLIN (Reuters) - Germany's Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was "clarifying technical issues" on the matter.

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NHTSA to probe Harley-Davidson motorcycles for brake failure

(Reuters) - The National Highway Traffic Safety Administration (NHTSA) said it would investigate some motorcycles made by Harley-Davidson Inc after complaints of brake failure without warning.

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U.S. payrolls rebound in June in boost to economy

WASHINGTON, (Reuters) - U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepid

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EU-U.S. commercial data transfer pact clears final hurdle

BRUSSELS (Reuters) - A commercial data transfer pact provisionally agreed by the EU executive and the United States in February received the green light from EU governments on Friday, the European Commission said, paving the way for it to come into effect next week.

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For British exporters, weak pound may not offset Brexit turbulence

WALSALL, England (Reuters) - The pound's plunge since Britain voted to leave the European Union is good news for factory boss Tony Hague.

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U.S. payrolls seen rebounding in June in boost to economy

WASHINGTON (Reuters) - U.S. job growth likely rebounded in June as striking Verizon employees returned to work and wages probably rose steadily, more evidence the economy has regained speed after a first-quarter lull.

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Volkswagen to pay $86 million in penalties to California over emissions

LOS ANGELES (Reuters) - Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a settlement of about $15 billion the automaker reached with U.S. officials last week, state Attorney General Kamala Harris said in a statement on Thursday.

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Internal Revenue Service investigates Facebook over Ireland asset transfer

(Reuters) - The U.S. Internal Revenue Service is examining Facebook Inc over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.

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Low U.S. jobless claims underscore labor market strength

WASHINGTON, (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week, offering further confirmation that the labor market remains on

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Stock futures flat as investors brace for economic data

(Reuters) - U.S. stock index futures were little changed on Thursday as investors awaited a host economic data that would provide clues on the strength of the economy and determine whether the Federal Reserve would be able to raise interest rates this year.

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New products, lower costs help PepsiCo top profit estimates

(Reuters) - PepsiCo Inc reported a better-than-expected profit for the second quarter, helped by lower raw material costs as well as strong demand for Frito-Lay snacks and new beverages in North America.

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Citigroup merges EMEA, Asia consumer banking businesses: internal memo

HONG KONG (Reuters) - Citigroup is merging its consumer banking unit in Europe, Middle East and Africa (EMEA) with Asia, the largest region for profit for the business outside North America, according to an internal memo seen by Reuters on Thursday.

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Danone in $12.5 billion deal to buy U.S. food group WhiteWave

PARIS (Reuters) - France's Danone, the world's largest yogurt maker, said on Thursday it would buy WhiteWave Foods Co in a deal that values the U.S. organic foods producer at $12.5 billion, including debt.

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Fog of Brexit clouds outlook for central banks seeking clarity

WASHINGTON (Reuters) - For much of this year, the dollar, oil prices, and economic conditions largely behaved as the U.S. Federal Reserve had expected, allowing policymakers to plot further interest rate increases.

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Fed minutes suggest rate hikes on hold until Brexit impact clearer

WASHINGTON (Reuters) - Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote on EU membership, according to the minutes of the Fed's June policy meeting released on Wednesday.

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U.S. SEC approves NYSE request for new market volatility rules

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has approved plans by the New York Stock Exchange to speed up and smooth early morning trading in times of market stress.

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Former Wall Street executive Caspersen pleads guilty to massive fraud

NEW YORK (Reuters) - Former Wall Street executive Andrew Caspersen pleaded guilty on Wednesday to charges that he tried to defraud investors including friends and family members out of nearly $150 million, conduct that his lawyer has blamed on a gambling addiction.

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Healthcare, consumer stocks help Wall Street reverse course

(Reuters) - Wall Street reversed course to trade higher on Wednesday, helped by healthcare and consumer discretionary stocks.

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Volkswagen recalls 5,900 gas-powered Touran models worldwide

BERLIN (Reuters) - Volkswagen is recalling almost 6,000 gas-powered Touran multi-purpose vehicles (MPV) worldwide to replace the models' front gas bottles, it said.

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U.S. trade deficit widens in May as oil prices lift import bill

WASHINGTON (Reuters) - The U.S. trade deficit widened more than expected in May as rising oil prices helped to push up the import bill and exports remained constrained by the lingering effects of a strong dollar.

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Global stocks and bond yields sink as growth fears set in

LONDON (Reuters) - Fear of instability in the European Union and of decades of global stagnation sent stock markets sharply lower on Wednesday as Britain's pound sank below $1.30 for the first time in more than three decades.

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Gold races to 28-month high, oil pressured as Brexit fears return

MANILA (Reuters) - Gold rallied to its highest since 2014 on Wednesday and oil struggled to recover from deep losses, as renewed fears over the impact of Britain's exit from the European Union pushed investors toward safe havens.

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Oil prices steady after slump on Brexit, supply risks

TOKYO (Reuters) - Oil prices were up slightly in early Asian trading on Wednesday after sharp falls in the prior session, but gains were limited by ongoing concerns about the economic impact of Britain's vote to leave the European Union and a glut of crude.

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Ford 2011-2015 Explorers probed by U.S. on possible exhaust leaks

DETROIT (Reuters) - U.S. safety officials from the National Highway Traffic Safety Administration have opened an investigation into possible exposure to carbon monoxide in recent models of the Ford Motor Co Explorer SUVs, the regulator's website showed on Tuesday.

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U.S. factory orders fall, but unfilled orders increase

WASHINGTON, (Reuters) - New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably

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Worries over China, Brexit push Treasury yields to record low

LONDON (Reuters) - Investors pushed U.S. government bond yields to an all-time low and the yen sharply higher on Tuesday, as soft data from China added to worries about the impact of Britain's vote to leave the European Union. 

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Exclusive: Infidelity website Ashley Madison facing FTC probe, CEO apologizes

TORONTO (Reuters) - The parent company of infidelity dating site Ashley Madison, hit by a devastating hack last year, is now the target of a U.S. Federal Trade Commission investigation, the new executives seeking to revive its credibility told Reuters.

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Renault-Nissan alliance sees savings growth slowing

PARIS/TOKYO (Reuters) - Renault's carmaking alliance with Nissan achieved record savings of 4.3 billion euros ($4.8 billion) last year, a senior executive said, but their growth is set to slow.

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U.S. shale firms' first-quarter hedging rush may squeeze margins, spur output

(Reuters) - As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another slump on a scale unseen for at least a year, a Reuters analysis of company disclosures shows.

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'Sweetest' town clings to Hershey, adding to takeover hurdles

HERSHEY, Pennsylvania (Reuters) - The town of Hershey, Pennsylvania, calls itself the "sweetest place on earth."

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Exclusive: Banks saw unprecedented step up in market supervision around UK vote

LONDON (Reuters) - Central banks raised oversight of currency markets to an unprecedented degree around Britain's shock vote to leave the European Union, demanding detailed updates from major trading desks every six hours throughout last week, industry sources said on Monday.

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Oil prices dip on economic concerns, demand worries

SINGAPORE (Reuters) - Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year.

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Brexit mess boosts prospects of Asia central bank easings

SINGAPORE (Reuters) - Britain's vote to leave the European Union has ramped up the urgency for some Asian central banks to ease monetary policy, as a prolonged period of uncertainty threatens a wider downshift in trade and investment.

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European, UK shares snap winning streak, silver surges

LONDON (Reuters) - The post-Brexit recovery across European markets sputtered to a halt on Monday with major equity indices lower and safe-haven demand for precious metals helping the price of silver surge to near a two-year high.

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Oil extends gains, Saudi minister sees market balance

TOKYO (Reuters) - Crude prices extended gains on Monday in Asia, supported by comments from the Saudi energy minister saying the oil market is heading toward balance.

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Volkswagen brand chief says no plans to step down despite investigation

FRANKFURT (Reuters) - Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper.

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Saudi energy minister says oil market heading toward a balance, prices beginning to settle: state media

DOHA (Reuters) - The energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that prices are starting to settle, according to comments carried by Saudi state news agency SPA.

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Tax haven route won't work for post-Brexit UK, OECD says

LONDON (Reuters) - The United Kingdom is unlikely to try to lure international investment by becoming a tax haven after it leaves the European Union, according to an internal memo prepared by the body responsible for the drafting international tax rules.

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Californians seek pot of gold in marijuana legalization

SACRAMENTO, Calif. - There is no guarantee California will vote to legalize recreational marijuana in November, but political operative and father of four Daniel Conway has already staked his future on it.

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Britain's upstart banks face a bumpy ride through Brexit fall-out

LONDON (Reuters) - Facing the prospect of their first UK recession, Britain's small specialist lenders could struggle to cope with a downturn, especially in the small and medium-sized business sector that is their lifeblood.

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VW says U.S. 'Dieselgate' settlement not to be replicated in Europe

BERLIN (Reuters) - Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable.

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Wall St. ends higher for fourth straight day

NEW YORK (Reuters) - The major U.S. stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging U.S. manufacturing data.

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DVD player found in Tesla car in May crash: Florida officials

(Reuters) - A digital video disc player was found in the Tesla car that was on autopilot when its driver was killed in a collision with a truck in May, Florida Highway Patrol officials said on Friday.

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Spotify hits out at Apple after updated app for iPhones rejected

STOCKHOLM (Reuters) - Spotify confirmed on Friday that it has complained to Apple Inc after the U.S. tech giant rejected an updated app for the Swedish music streaming service on iPhones.

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Bond yields sink as central banks head for easier policy

LONDON (Reuters) - The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years.

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Tesla shares slip following fatality, but damage seen limited

(Reuters) - Tesla Motors Inc's shares were down about 2 percent in premarket trading, with at least one analyst saying that worries stemming from the first fatality involving the company's Autopilot system were based more on perception than reality.

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Exclusive: BP-Exxon impasse blocks renewal of giant Azeri oil deal - sources

LONDON (Reuters) - U.S. oil major Exxon Mobil and Britain's BP are at loggerheads over a giant oil production deal with Azerbaijan, blocking renewal of what was once called "the contract of the century", three high-level industry sources told Reuters.

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