Wednesday July 17, 2019 8:31:39 AM PDT - Some people are like clouds. When they go away, it's a brighter day. - Unknown




Wed, 17 Jul 2019 11:13:01 -0400

Ohio Senate to vote on bill to save state's nuclear power plants

The Ohio Senate will likely pass a bill on Wednesday that will create subsidies to avoid the early shutdown of the state's two nuclear power reactors, according to analysts and those watching the legislation. The two reactors in Ohio - Davis Besse and Perry - are owned by FirstEnergy Solutions, which has said it would shut the money-losing plants in 2020 and 2021 unless the state provides some financial assistance to keep them operating. FirstEnergy Solutions is a

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Wed, 17 Jul 2019 10:56:17 -0400

UPDATE 2-Facebook faces more scrutiny from Congress over Libra cryptocurrency plan

Facebook Inc faces more questioning by U.S. lawmakers on Wednesday over its planned cryptocurrency, after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.

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Wed, 17 Jul 2019 10:53:07 -0400

Turkish banks have not yet agreed model to move bad loans off balance sheets -finance ministry

Turkish banks have not yet agreed on a model for a fund that will remove problem loans in the construction and energy sectors off banks' balance sheets, the Treasury and Finance Ministry told Reuters on Wednesday.

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Wed, 17 Jul 2019 10:51:30 -0400

UPDATE 2-Boeing to spend $50 million to support 737 MAX crash victim families

Boeing Co said on Wednesday it will dedicate half of a $100 million fund it created to address two deadly crashes of its 737 MAX planes to financial relief for the families of those killed, with compensation expert Ken Feinberg hired by the world's largest plane maker to oversee the distribution.

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Wed, 17 Jul 2019 10:49:49 -0400

IMF says regulators must address possible risks from Facebook's Libra

Facebook Inc's planned cryptocurrency Libra could help boost financial inclusion, but also raises concerns about consumer protection, data privacy, and potential "backdoor dollarization," the IMF's chief economist said on Wednesday.

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Wed, 17 Jul 2019 10:47:45 -0400

Chinese, Russian cyber watchdogs meet in Moscow

A delegation from the Cyberspace Administration of China (CAC), which oversees national cyber policy, met officials at Russia's state communications watchdog in Moscow on Wednesday, the Russian regulator said.

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Wed, 17 Jul 2019 10:46:47 -0400

Blackstone hires Caxton manager for global macro, emerging markets

Blackstone Group has hired a portfolio manager from hedge fund Caxton Associates to head its global macro and emerging markets strategies as uncertainty about interest rates is creating fresh investment opportunities in these areas.

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Wed, 17 Jul 2019 10:41:35 -0400

UPDATE 2-G7 finance chiefs pour cold water on Facebook's digital coin plans

* Ministers fret digital coins will rival sovereign currencies

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Wed, 17 Jul 2019 10:41:26 -0400

UPDATE 2-Cannabis retailer Curaleaf to boost US footprint with Grassroots buy

* Pot producers pushing into U.S. amid increasing legalization

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Wed, 17 Jul 2019 10:39:43 -0400

UPDATE 1-Poland proposes tightening 5G security standards

Poland has proposed tightening its cyber security standards and could ban certain products or suppliers from key parts of a future 5G network, the country's digital ministry said in a document published on Wednesday.

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Wed, 17 Jul 2019 10:35:10 -0400

IMF sees trade disputes slowing global trade, sees supply chain risks

The International Monetary Fund on Wednesday said global trade growth was slowing as a result of tensions between the United States and China and others, and prolonged uncertainty about tariffs was weighing on business sentiment around the world.

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Wed, 17 Jul 2019 10:34:36 -0400

UPDATE 2-India's Wipro tops profit forecast on demand from key clients

Indian software services exporter Wipro Ltd reported a 13% rise in first-quarter profit thanks to robust demand from financial clients and said its main information technology business could show modest growth in the current quarter.

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Wed, 17 Jul 2019 10:33:13 -0400

US STOCKS-Wall St flat as railroads slide after CSX signals trade impact

* Dow flat, S&P off 0.05%, Nasdaq 0.06% higher (Updates to open)

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Wed, 17 Jul 2019 10:25:41 -0400

UPDATE 1-Microsoft, AT&T sign cloud deal worth more than $2 billion

Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications company will tap Microsoft's Azure cloud service for its computing needs and use Microsoft 365, which includes Office productivity software, for much of its 268,000-strong workforce.

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Wed, 17 Jul 2019 10:24:30 -0400

UPDATE 3-Amazon under EU antitrust fire over use of merchant data

* Vestager says is crucial issue as online shopping grows (Adds professor comment)

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Wed, 17 Jul 2019 10:16:24 -0400

Huawei says Italy's new 5G powers discriminate against it

Chinese telecoms equipment group Huawei Technologies criticised the Italian government's newly beefed-up powers to intervene in the development of fifth-generation (5G) telecom services, saying they discriminated against the company.

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Wed, 17 Jul 2019 10:16:05 -0400

RPT-Five things to look for in Netflix's second-quarter report

When Netflix Inc reports second-quarter earnings on Wednesday, a big question is how the streaming giant will handle a slew of new competitors barging in to its territory.

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Wed, 17 Jul 2019 10:15:36 -0400

Shares surge in Mexican billionaire Slim's phone company after Q2 earnings

Shares in Mexican telecommunications company America Movil were up 3% on Wednesday as traders responded positively to second quarter earnings that showed a jump in net profit on favorable currency conditions and subscription growth.

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Wed, 17 Jul 2019 10:12:52 -0400

RPT-Starting with Netflix, FANG reports to test Wall St rally's mettle

A wave of quarterly reports from Netflix and other top-tier, high-growth companies starting on Wednesday will test Wall Street's willingness to extend a recent really driven by expectations of lower interest rates.

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Wed, 17 Jul 2019 10:00:54 -0400

CANADA STOCKS-TSX propped up by gains in materials stocks

Canada's main stock index rose on Wednesday as shares of precious metal miners were boosted by higher gold prices.

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