Breaking business news for July 19, 2017

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Nasdaq set to hit record high as tech stocks rise (Reuters) - The Nasdaq was set to hit a fresh record on Wednesday, helped by a rise in technology stocks, while the S&P and the Dow were headed for a slightly higher opening as investors focused on earnings.

Morgan Stanley's profit boosted by underwriting, wealth management (Reuters) - Morgan Stanley reported a higher-than-expected quarterly profit on Wednesday, driven by strength in its investment banking and wealth management businesses.

Reckitt cuts the mustard with $4.2 billion food business sale LONDON (Reuters) - U.S. spices maker McCormick & Co Inc has won the battle to buy Reckitt Benckiser Group's North American food business, paying a higher than expected $4.2 billion to add extra seasonings and sauces.

Campaign urges U.S. public pension funds to divest from owner of Trump hotel WASHINGTON (Reuters) - Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel.

French court refers 'right to be forgotten' dispute to top EU court PARIS (Reuters) - EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France's supreme administrative court referred the issue to the top EU court on Wednesday.

Qatar's $300 billion conundrum: how liquid are its reserves? DUBAI/DOHA (Reuters) - When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term.

Dalian Wanda amends Sunac property deal after China curbs funding BEIJING (Reuters) - Chinese commercial property conglomerate Dalian Wanda Group altered a deal with Sunac China announced a week ago, after banks scrutinized their credit risk, by bringing in another developer Guangzhou R&F Properties .

Toshiba says it again is blocking Western Digital access to chip JV TOKYO (Reuters) - Toshiba Corp said it resumed blocking access by Western Digital Corp to data at their memory chip joint venture, intensifying its dispute with the U.S. firm over the Japanese company's planned sale of the chip business.

Audi under fire in China for ad comparing used cars with brides BEIJING (Reuters) - German luxury carmaker Audi AG has come under fire from consumers in China for an advert that compared buying a second-hand car to checking out a bride-to-be.

Murdochs warn UK a delay to Sky-Fox deal could hit wider inward investment LONDON (Reuters) - James and Lachlan Murdoch warned the British government on Wednesday a delay to their planned acquisition of pay-TV group Sky could sour the broader climate for foreign investment in the country after Brexit.