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Data in focus as market struggles for direction

NEW YORK 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.

Recent Business News

SABMiller backs AB InBev offer for biggest-ever consumer takeover

LONDON/BRUSSELS The board of brewer SABMiller will recommend its shareholders approve a sweetened 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.

Jul 29 2016

U.S. authorities subpoena Goldman in 1MDB probe: WSJ

U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported late on Friday.

6:14am EDT

No clean bill of health for EU banks in stress test

LONDON Banks from Italy, Ireland, Spain and Austria fared worst in the latest European Union stress test, which the region's banking watchdog said on Friday showed there was still work to do in order to boost credit to the bloc's economy.

Ireland, Italy, Spain 3:22am EDT

Exclusive: California regulator says testing to begin on Volkswagen diesel fix

Volkswagen AG and the California Air Resources Board will begin testing hardware and software that could help the German automaker avoid buying back as many as 475,000 diesel cars sold in the United States with improperly designed pollution controls, the head of the board told Reuters.

Jul 29 2016

UK and China regulators discuss framework for financial projects

HONG KONG British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month's vote to leave the European Union.

7:04am EDT

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