| | | Dow, S&P 500 hit record high closes | | | NEW YORK (Reuters) - The Dow and S&P 500 hit record closing highs on Friday after weak economic data dulled prospects of more interest rate hikes this year. |
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| | | AstraZeneca says CEO Pascal Soriot to host call on results | | | LONDON (Reuters) - Anglo-Swedish pharmaceutical firm AstraZeneca said on Friday its chief executive Pascal Soriot would host a results call with reporters on July 27, after refusing to comment on speculation this week that he was leaving the firm. |
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| | | Buffett, Malone explore investment in Sprint: sources | | | (Reuters) - Warren Buffett's Berkshire Hathaway Inc and John Malone's Liberty Media Corp are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp, people familiar with the matter said. |
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| | | Oil up 1 percent, 5 percent on the week | | | NEW YORK (Reuters) - Oil rose 1 percent on Friday, boosted by lower U.S. stockpiles, a slight slowdown in U.S. crude production and signs of increased Chinese demand, but trading was volatile as global supply remained strong. |
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| | | Loan growth, better spreads fail to impress U.S. bank investors | | | NEW YORK (Reuters) - U.S. banks are starting to see some long-awaited benefits of higher interest rates, with four of the largest lenders beating analysts' quarterly profit expectations on Friday by raising loan prices without paying much more for deposits. |
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| | | Dollar, bond yields dip on inflation data as stocks soar | | | NEW YORK (Reuters) - The U.S. dollar weakened and government bond yields fell to multiweek lows on Friday after a benign reading of U.S. inflation in June and soft retail demand raised doubts the Federal Reserve would increase interest rates later this year. |
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| | | SAP names acting executive team, law firm for South Africa probe | | | FRANKFURT (Reuters) - Germany's SAP named a new executive team in South Africa on Friday, two days after the software giant put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme. |
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| | | Factbox: Big U.S. banks start earnings on a tepid note | | | (Reuters) - Three of the six biggest U.S. banks kicked off the earnings season on Friday, reporting profits that topped Street estimates but failed to enthuse investors who were looking for better results and sunnier outlook. |
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