Burger King's proposed acquisition of Tim Hortons may offer big tax benefits but the real tax winner is likely to be its controlling shareholder.» Read More
NEW YORK— Orbitz says it reached an agreement that will allow it to continue selling American Airlines and US Airways tickets on its sites. On Tuesday American and US Airways pulled flight listings from Orbitz sites as part of a dispute over the fees Orbitz charges to list and sell the flights.
WASHINGTON— Figures on government spending and debt.
Shares of United Therapeutics closed up $26.14 at $117.83 on the Nasdaq, boosting the company's market value by about $1.24 billion to $5.57 billion.
Aug 29- Real estate company Store Capital Corp filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock. The Scottsdale, Arizona- based company listed Goldman Sachs, Credit Suisse and Morgan Stanley among the underwriters to the IPO.
DETROIT, Aug 29- U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may trigger more sanctions and as U.S. economic data portended strong demand in the world's largest oil consumer.
Of the major oil- and gas-producing states, Texas gained 12 rigs, Pennsylvania gained five, Oklahoma gained four and Colorado and Alaska each gained one. Kansas lost three rigs and Arkansas, Ohio and West Virginia each lost one. California, Louisiana, New Mexico, North Dakota, Utah and Wyoming were unchanged.
District Judge Thomas Griesa in New York scheduled a hearing for Sept. 10 at 2:30 p.m. EDT following a request by a lawyer for Elliott Management's NML Capital Ltd, a creditor suing over Argentine bonds that have been in default since 2002..
DISTRICT JUDGE THOMAS GRIESA IN NEW YORK SCHEDULES HEARING AT REQUEST OF LAWYER FOR NML CAPITAL.
NEW YORK— The latest banks are small enough to fit in the palm of your hand. Startups, such as Moven and Simple, offer banking that's designed specifically for smartphones, enabling users to track their spending on the go. Like traditional banks, customers open a checking account, get a debit card and are able to make check deposits and pay their bills.
NEW YORK, Aug 29- Crude oil prices posted their second straight monthly losses, despite rising on Friday on worries that the intensifying Ukraine crisis may bring more sanctions and as U.S. data portended strong demand in the world's largest oil consumer.
In afternoon trading, United Therapeutics' shares were up $24.56, or 26.8 percent, at $116.25, after earlier rising as much as 28.7 percent to a record $118.00.
*Russia's ruble at all-time low vs dollar. NEW YORK, Aug 29- The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data, while the steadily sliding euro won a reprieve on diminished expectations the European Central Bank will soon ease monetary policy.
NEW YORK, Aug 29- Treasuries were steady on Friday, pausing a week-long rally, as investors remained focused on next week's highly anticipated European Central Bank meeting.
FRESNO, Calif.— A pair of giant water diversion tunnels proposed for the Sacramento-San Joaquin Delta could violate the federal Clean Water Act and increase harm to endangered fish species, according to the U.S. Environmental Protection Agency, which released its formal comment on the project Thursday.
SAN FRANCISCO— A federal appeals court is refusing Oracle Corp.' s request to reinstate a $1.3 billion verdict it won against German rival SAP SE in a long-running copyright dispute. The appeals court gave Oracle a choice between an award of $356.7 million or a new trial.
NEW BEDFORD, Pa.— Hilcorp has dropped its bid to force holdout property owners in Pennsylania to accept drilling under their land, saying Friday the energy company wants to move beyond a protracted fight and begin producing oil and gas.
*Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a fresh 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.
NEW YORK, Aug 29- U.S. stocks edged higher in a quiet session on Friday as the latest in a string of positive data pushed investors to extend a rally that had been briefly threatened by overseas concerns, although gains were capped ahead of an extended holiday weekend.
The crisis in eastern Ukraine has emboldened Europe and the United States to impose broad sanctions on Russia. But Europe finds itself in a precarious position, with almost a third of the natural gas the continent consumed in 2013 flowing from Russia, according to the U.S. Energy Information Administration.