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Today โ€” July 17th 2019Reuters Top News

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.

U.S. judge sentences Mexican drug lord 'El Chapo' to life plus 30 years

Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, was sentenced by a U.S. judge on Wednesday to spend the rest of his life in prison.

Wall St. flat as railroads slide after CSX signals trade impact

U.S. stocks treaded water on Wednesday as trade-related weakness hurt CSX Corp's profit, leading to a decline in railroad stocks and offsetting gains in shares of Abbott and Qualcomm.

Sanders to urge 2020 rivals to reject health insurance industry donations

U.S. presidential candidate Bernie Sanders, pushing an ambitious "Medicare for All" health plan that has split Democratic White House contenders, will urge his rivals on Wednesday to reject campaign donations from the health insurance and pharmaceutical industries.

Mexican drug lord 'El Chapo' to spend life behind bars: U.S. judge

Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, was sentenced by a U.S. judge on Wednesday to spend the rest of his life in prison.

At sentencing, Mexican drug lord 'El Chapo' says confinement is 'mental torture'

Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, on Wednesday said his confinement amounted to "mental torture" before a U.S. judge sentenced him.

Wall Street opens flat, investors shrug off bank results

U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch company ASML.

Bank of America trims net interest income guidance

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected earnings fueled by strong consumer trends.

U.S. housing starts fall further; permits at two-year low

U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates.

Amazon under EU antitrust fire over use of merchant data

Amazon became the target of an antitrust investigation by the European Union on Wednesday over its use of merchants' data, underlining regulators' increasing focus on how tech companies exploit customer information.

Amazon says it will cooperate with EU antitrust regulator probe

U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants' data.

EU antitrust regulators to investigate Amazon over merchant data

EU antitrust regulators will investigate Amazon, the world's largest online retailer, to see if its use of other merchants' data breaches EU antitrust rules, the European Commission said on Wednesday.

Japan to reject South Korea's request for meeting on export curbs: Kyodo

Japan will reject South Korea's request to hold another working-level meeting on Tokyo's recent tightening of export controls, Kyodo News reported on Wednesday, citing government sources.

UK PM May to discuss Grace 1 oil tanker with Gibraltar chief minister

British Prime Minister Theresa May will meet with Gibraltar's Chief Minister Fabian Picardo later on Wednesday to discuss the detained Iranian oil tanker Grace 1, a spokesman for May said.

Bank of America profit beats as healthy economy fuels loan growth

Bank of America Corp beat estimates for quarterly profit on Wednesday, as the loan book of the country's second-largest lender benefited from a healthy economy.

Facebook to face more scrutiny from Congress on Libra

Facebook Inc will face more questioning on Wednesday by U.S. lawmakers 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.

Trade war, Brexit stoke debt and dollar, hit stocks and sterling

Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for "safe" government bonds.

U.S. unsure about circumstances of tanker towed to Iran

U.S. officials say they are unsure whether an oil tanker towed into Iranian waters was seized by Iran or rescued after facing mechanical faults as Tehran asserts, creating a mystery at sea at a time of high tension in the Gulf.

Man who threatened to bomb Harvard ceremony for black students faces sentencing

An Arizona man faces sentencing on Wednesday after admitting he made online threats to bomb Harvard University and shoot students at its first commencement ceremony for African-Americans, saying he wanted to "end their pro-black agenda."

U.S. judge expected to put Mexican drug lord 'El Chapo' behind bars for life

Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, is scheduled to be sentenced by a U.S. judge on Wednesday in what is likely one of the last chapters in a decades-long career.

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