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PRESS DIGEST - Sunday British Business - July 14

LONDON, July 14 - British newspapers reported the following business stories on Sunday: The Sunday Times

RPT-Wall St Wk Ahead: As earnings take over, fundamentals to be tested

NEW YORK, July 14 - This week marks the first big week of second-quarter earnings, and it is sure to bring both joy and misery to Wall Street.

UPDATE 2-Greece picks Eurobank to buy Postbank ahead of mid-July deadline

ATHENS, July 13 - Greece's bank rescue fund picked Eurobank to buy New Hellenic Postbank as part of consolidation in the sector and to meet a condition for the next tranche of Greece's bailout, it said after a board meeting on Saturday.

Spitzer: Who's afraid of the 'Sheriff of Wall Street'?

NEW YORK, July 13 - If elected New York City comptroller, Eliot Spitzer has vowed to wield power as aggressively as he did as state attorney general, leading some in the financial community to worry that the "Sheriff of Wall Street" might be back.

RPT-U.S. House panel probes risk council role in SEC money fund rule

WASHINGTON, July 12 - A U.S. House of Representatives Republican who oversees an investigative committee said on Friday the new U.S. systemic risk council overstepped its authority with an attempt to push through rules to rein in the $2.6 trillion money market fund industry.

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Stock price drop takes glow off U.S. consumer sentiment

WASHINGTON - Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing its monetary stimulus.

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UPDATE 3-Media owners keep Hulu website, may bring in partners

LOS ANGELES, July 12 - Walt Disney Co, Twenty-First Century Fox Inc and Comcast Corp's NBCUniversal said on Friday they decided to keep their video streaming website, Hulu, and will invest $750 million to help it grow.

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