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PRECIOUS-Gold heads for longest weekly losing streak in 16 years

MANILA, July 31- Gold hovered near 5-1/ 2- year lows early on Friday and is on course for a sixth straight weekly fall, its longest retreat since 1999, after strong U.S. *Spot gold was up 0.1 percent at $1,088.86 an ounce by 0037 GMT, but not far above last week's trough of $1,077, its lowest since February 2010. *The metal hit a low of $1,081.85 on Thursday as the dollar...
Source: Reuters
Japan June CPI edges up as households shut their wallets

The Bank of Japan's efforts to reach its 2 percent inflation target didn't get much of a boost from the latest data, with the country's core consumer price index for June barely budged and as households unexpectedly snapped their wallets shut.
Source: CNBC.com | By: Leslie Shaffer
Asian equities open mixed on soft US lead, Japan data

Asian equities opened mixed on Friday, tracking a confluence of negative factors such as an uninspiring lead from the U.S. overnight.
Source: CNBC.com | By: See Kit Tang
Select Bancorp posts 2Q profit

DUNN, N.C. _ Select Bancorp Inc. on Thursday reported second-quarter net income of $1.8 million. Select Bancorp shares have increased 1 percent since the beginning of the year. Keywords: Select Bancorp, Earnings Report.
Source: The Associated Press
Chesapeake Lodging reports 2Q results

ANNAPOLIS, Md. _ Chesapeake Lodging Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 67 cents per share. For the current quarter ending in September, Chesapeake Lodging expects its per-share funds from operations to...
Source: The Associated Press
Quaker Chemical beats 2Q profit forecasts

CONSHOHOCKEN, Pa. _ Quaker Chemical Corp. on Thursday reported second-quarter profit of $15 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Quaker Chemical shares have decreased 13 percent since the beginning of the year.
Source: The Associated Press
Cheniere Energy Partners posts 2Q profit

HOUSTON _ Cheniere Energy Partners LP Holdings LLC on Thursday reported second-quarter net income of $4.5 million. Cheniere Energy Partners shares have declined 3.5 percent since the beginning of the year. Keywords: Cheniere Energy Partners, Earnings Report.
Source: The Associated Press
First Potomac Realty Trust reports 2Q results

BETHESDA, Md. _ First Potomac Realty Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 24 cents per share. First Potomac Realty Trust expects full-year funds from operations in the range of 93 cents to 98 cents per share.
Source: The Associated Press
Pacific trade negotiators chase elusive final deal amid tough talks

LAHAINA, Hawaii, July 30- Pacific Rim trade ministers neared the final spurt of negotiations on an ambitious free trade pact on Thursday, but differences over farm exports and monopoly periods for next-generation drugs were preventing them from reaching an elusive final deal. Ministers from the 12 countries negotiating the Trans-Pacific Partnership, which...
Source: Reuters | By: Krista Hughes
Erie Indemnity posts 2Q profit

ERIE, Pa. _ Erie Indemnity Co. on Thursday reported second-quarter profit of $56 million. Erie Indemnity shares have declined 10 percent since the beginning of the year. Keywords: Erie Indemnity, Earnings Report.
Source: The Associated Press