• USA stocks decline on falling oil prices
USA stocks decline on falling oil prices

The S&P 500 was down six points to 2,168 and the Nasdaq was flat - losing two points to 5,096. West Texas crude oil dropped to a three-month low of $US42.40 a barrel on worries about a lingering global supply glut, with the global benchmark Brent price also down.

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  • Verizon said to be buyer of Yahoo for $5 billion
Verizon said to be buyer of Yahoo for $5 billion

Yahoo declined to comment on the sale; Verizon did not immediately respond to a request for comment. Media reports said Yahoo , which introduced many users around the world to the internet, was close to selling its main assets for $5 billion.

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  • Burned body found at scene of California Sand Fire
Burned body found at scene of California Sand Fire

Agua Dulce west & Soledad Cyn/south. Evacuation center:Highland High School, 39055 25th St West, Palmdale. One outbuilding has burned. The cause of the fire is still unknown. At a press conference at noon on Saturday, Los Angeles County Fire Department Chief Daryl Osby said that five years ago the fire would likely have been stopped at the first ...

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  • Theresa May appoints cabinet in first move as PM
Theresa May appoints cabinet in first move as PM

Former Mayor of London and foreman of the Leave campaign, Boris Johnson have been made Foreign Secretary, despite believing that he would not be given a place on the front bench in a May-run administration. Though she was in the Remain camp in the referendum, like Mr Cameron, Mrs May has said there can be no going back on Brexit. And he said Mr...

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  • DISH Network (DISH) Beats on Q2 Earnings, Lags Revenues
DISH Network (DISH) Beats on Q2 Earnings, Lags Revenues

And roundups of analyst notes show that 6 are rating the stock a buy while 4 rate DISH a strong buy. Some of the subscriber decline is blamed on blackouts by Tribune Media Services, which stopped broadcasting 42 channels to Dish viewers nationwide June 12, and the NFL Network and NFL RedZone, which went dark for Dish customers June 16.

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  • Roger Ailes out, Rupert Murdoch steps in at Fox News
Roger Ailes out, Rupert Murdoch steps in at Fox News

The move represents tremendous turmoil at Fox , built by Ailes and Murdoch two decades ago into the leading cable news channel, drawing praise especially from conservatives and criticism from the political left. Its 2015 profits, a reported $1.5 billion, easily out-earned its rivals CNN and MSNBC, which earned $381 million and $227 million respect...

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  • Schlumberger Cuts 16000 Jobs, Surprises Analysts With Losses
Schlumberger Cuts 16000 Jobs, Surprises Analysts With Losses

Halliburton said Wednesday that it cut another 9% of its workforce, or roughly 5,000 employees, during the second quarter. Schlumberger reported a second-quarter loss of $1.56 a share, down big from a profit in the previous year, and a 20% year-over-year drop in revenues to $7.16 billion (versus $7.15 billion forecast).

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  • US move to seize assets piles pressure on Malaysian PM
US move to seize assets piles pressure on Malaysian PM

Among the assets seized today were a $35 million Monet painting. The AGC, CAD, and MAS announced today in a joint statement that the Singapore authorities have been investigating various 1MDB-related fund flows through Singapore, for possible money laundering, securities fraud, cheating, and other offences committed in Singapore.

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  • Verizon closing in on Yahoo deal
Verizon closing in on Yahoo deal

Recode's Kara Swisher , citing sources , says the deal could come in around $ 5 billion . Bidding began earlier this year when Yahoo CEO Marissa Mayer revealed that it was looking at other alternatives to aid the business's struggling fortunes.

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  • GE reports weak demand for oil, transport equipment; profit beats
GE reports weak demand for oil, transport equipment; profit beats

Oil & Gas revenue fell 22% and profit dropped 48% in the quarter, and orders fell 34% compared with a year ago. Revenues came in at $33.49 billion, up from $29.23 billion previous year and beating forecasts for $31.57 billion. or it underperforms in a rising market. GE reaffirmed its earlier forecast for 2016 operating earnings, which was $1.45 t...

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  • Oil prices on the rebound
Oil prices on the rebound

US gasoline futures briefly extended losses to hit a four-month low after the surprise build. Crude oil has been in a bear market for much of this year and the VelocityShares 3X Long Crude ETN (NYSEARCA:UWTI) is down 41% in the year to date.

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  • Statistics Botswana announce a drop in inflation
Statistics Botswana announce a drop in inflation

Although overall inflation remains under control and only fractionally above the Bank of Canada's 2.0% target, there will be further concerns surrounding rising inflationary pressure in the housing sector, especially with house prices still advancing strongly.

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  • Airbus lowers delivery targets for A380
Airbus lowers delivery targets for A380

Among the civil aircraft deals announced at Farnborough , Virgin Atlantic ordered 12 of Airbus's biggest twin-engined jetliner, the A350-1000, in a deal worth $4.4bn at list prices. The 2015 Paris show, with which the United Kingdom event alternates, ran up more than US$100 billion of deals. Airbus thumped rival Boeing to end the Farnboro...

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  • State gains jobs in June; unemployment rate unchanged
State gains jobs in June; unemployment rate unchanged

The labor force is the total number of people, both employed and unemployed, over age 16. Construction added 1,000 (+0.7%) jobs over the month. The May and June employment estimates were impacted by a labor dispute affecting 5,000 Verizon workers who have since returned to work.

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  • Amazon Enters Student Loan Business in Partnership with Wells Fargo
Amazon Enters Student Loan Business in Partnership with Wells Fargo

And the two companies are hoping this exclusive partnership helps both meet their goals: Amazon wants to increase its college-aged Prime subscribers, which it hopes will grow into loyal adult subscribers. College students can access Amazon Prime for free for six months. For the 2014-2015 academic year, students and parents borrowed $106.1 billion...

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  • Mea culpa! Southwest Airlines apology for schedule mess
Mea culpa! Southwest Airlines apology for schedule mess

As a result of the outage, Southwest canceled nearly 700 flights on Wednesday and delayed hundreds more as employees had to use backup procedures, such as writing out manual boarding passes for customers. Southwest airlines faced the same problem last October an outage caused 800 canceled flights at that time company put the blame for this outage ...

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  • Big 12 moves toward expansion, will evaluate candidates
Big 12 moves toward expansion, will evaluate candidates

The Big 12 board of directors authorized commissioner Bob Bowlsby to take a step toward expansion: Reach out to the schools that had contacted the Big 12 expressing interest in joining the league, "actively evaluate their interests and report back those evaluations".

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  • Defiant Corbyn wins right to stand as leader
Defiant Corbyn wins right to stand as leader

Ms Eagle said the Labour leader needed to put a stop to the "bullying" as she was forced to re-arrange a campaign event after the manager of the hotel in Luton where she was supposed to be speaking was threatened. We will be campaigning on all the things that matter. I respect that mandate. Richard Burgon , MP, told the BBC that Labour to...

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  • Trump Is Bernie Madoff of Politics, Clinton VP Prospect Says
Trump Is Bernie Madoff of Politics, Clinton VP Prospect Says

Spokesman Brian Fallon merely said, "On Friday, Secretary Clinton held a series of campaign-related meetings at her Washington home, including several about her vice presidential selection process". "It's unlikely you're going to upstage the Republican National Convention with a VP pick", he said. Hillary Clinton deemed as "extremely careless" re...

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  • Gordon comes out of retirement to replace Earnhardt at Indy
Gordon comes out of retirement to replace Earnhardt at Indy

The announcement came Wednesday, July 20, 2016, from Hendrick Motorsports , which said Earnhardt has not been cleared by doctors to drive. "I know he'll be ready, and I know Dale has incredible trust in him". Gordon retired as a full-time Sprint Cup driver for the Hendrick Motorsports No. 24 vehicle at the end of last season and now works as a N...

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