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UPDATE 2-U.S. to propose revoking California authority to set auto emissions rules -source

(Adds California AG reaction, lawmaker, more details) By David Shepardson WASHINGTON, July 23 (Reuters) – The Trump administration is expected as early as Thursday to propose revoking California’s power to set state vehicle emissions rules and mandate the purchase of electric vehicles, a government official briefed on the matter said.

PREVIEW-Trade tariffs seen hurting Harley-Davidson’s earnings

By Rajesh Kumar Singh CHICAGO, July 23 (Reuters) – Harley-Davidson Inc will give investors on Tuesday a fresh look at the impact of trade conflicts and a strong dollar on its profits, and analysts are bracing for bad news and more cost-cutting.

REFILE-Alphabet trounces profit estimates on ad sales surge

(Corrects spelling of advertisements in first paragraph) July 23 (Reuters) – Alphabet Inc beat Wall Street estimates for second quarter profit on Monday as it benefited from soaring sales of online advertisements, sending shares 6 percent higher in trading after the bell.

US STOCKS SNAPSHOT-S&P 500 closes higher with boost from financial stocks

July 23 (Reuters) – The S&P 500 rose on Monday as a jump in 10-year bond yields boosted financials and investors anticipated continued strength in corporate earnings and U.S.

Nike to raise wages for thousands of employees

July 23 (Reuters) – Nike Inc said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives.

Former UAW official pleads guilty in corruption probe

DETROIT, July 23 (Reuters) – A former United Auto Workers official who served on the union committee that negotiated a 2015 labor pact with Fiat Chrysler Automobiles NV pleaded guilty on Monday to conspiring to make illegal payments to union officials, prosecutors said.

Britain proposes tougher foreign investment rules to protect national security

By Andrew MacAskill and Ben Martin LONDON, July 23 (Reuters) – Britain is planning to create new powers to block or unwind foreign takeovers amid concerns that investment in certain sectors of the economy such as defence and technology could compromise national security.

UPDATE 6-Halliburton shares plunge on Permian growth worries

(Adds market share data from Primary Vision) By Liz Hampton and John Benny July 23 (Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings.

UPDATE 3-Tesla says supplier discount request was for ongoing projects

(Recasts throughout with Tesla’s response) By Vibhuti Sharma July 23 (Reuters) – Tesla said on Monday that it had asked a small number of suppliers to cut prices on ongoing, long-term projects to improve its future cash flow, after a media report about a discount request sent shares of Tesla down as much as 6.6 percent.

BRICS bank approves $600 mln loans for South African, Chinese projects

JOHANNESBURG, July 23 (Reuters) – The New Development Bank, set up by the BRICS group of emerging economies, has approved loans of $300 million for energy projects in South Africa and $300 million for a transportation project in China.