Farm-to-table meals have become so popular that hotels are now getting in the game by offering prepared meals using food hooked or shot by guests.» Read More
BUENOS AIRES, July 25- Argentina's Economy Minister Axel Kicillof said on Friday it was impossible for the government to fulfill a U.S. court order to pay out in full to "holdout" investors whose legal action has left the country teetering on the brink of another debt default.
*Hong Kong protests weigh on already weaker Chinese demand. PARIS, July 25- The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.
NEW YORK— U.S. stock futures headed lower early Friday as a handful of big companies posted weaker results than Wall Street expected. Amazon was down $41.41 to $317.42. The Commerce Department said that orders for durable goods increased 0.7 percent last month.
BUENOS AIRES, July 25- Argentina said on Friday that a debt deal could be reached with "holdout" investors suing the country for full payment of their bonds if they, and a U.S. judge who has ruled in their favor, start acting in good faith and showing a rational attitude.
WASHINGTON, July 25- Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter. The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.
*CFO says Danone 2020 plan is "not a strategic review". PARIS, July 25- Food group Danone is confident of hitting full-year targets despite a weak first-half as it looks to a stabilization of European dairy revenues this year and the launch of new baby food products in China.
Moody's Corp. reported net income rose to $319.2 million, or $1.48 per share, from $225.5 million, or $1 per share, a year earlier. Revenue for the New York company climbed 16 percent to $873.5 million from $756 million. Revenue for Moody's Investors Service rose 16 percent to $621.7 million, while revenue for Moody's Analytics climbed 15 percent to $251.8 million.
NEW YORK— Analysts are taking a look at Amazon's investment strategy as the online retailer's stock falls in premarket trading Friday following lackluster second-quarter results. Late Thursday, Amazon.com Inc. reported a bigger-than-anticipated loss for the quarter, while its revenue topped analysts' estimates.
The search for high yields and duration gained traction following the Brazilian government's $3.5 billion bond offering on Wednesday, with investors growing confident that interest rates in the United States will stand pat for a few more months, said Max Volkov, Bank of America Merrill Lynch's head of Latin America debt capital markets.
CHICAGO— Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years.
July 25- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession.
WILMINGTON, Del., July 24- Nortel Networks Inc, the U.S. unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about $1 billion in interest that has accrued on the $3.9 billion it owes to its U.S. bondholders, a court filing showed.
NEW YORK, July 24- Less than a week before Argentina could default on its sovereign bonds, the government and holdout creditors have yet to meet face-to-face despite an urgent plea from the U.S. court-appointed mediator on Thursday that they start direct talks.
July 24- A Chicago federal judge has refused to overturn the conviction of Eric Bloom, the former chief executive of money management firm Sentinel Management Group Inc, for defrauding customers out of more than $500 million. District Judge Ronald Guzmán said the jury "clearly" had enough evidence to find that Bloom intended to cheat customers.
NEW YORK, July 24- A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals.
July 24- Pandora Media Inc forecast current quarter adjusted profit below analysts' estimates as it plans to plow money back into the business. Pandora forecast adjusted profit of 5- 8 cents per share on revenue of $235- $240 million for the third quarter ending September.
NEW YORK— Shares of some top drug benefits companies were up at the close of trading:. CVSCaremark rose$. 76 or 1.0 percent, to $78.89. Express Scripts Holding Co. rose$. 50 or. 8 percent, to $66.52.
General Electric Co. rose$. 03 or. 1 percent, to $25.94. Snap-On rose$. 23 or. 2 percent, to $123.53. Whirlpool Corp. rose $1.67 or 1.1 percent, to $146.91.
Colgate-Palmolive Co. fell$. 06 or. 1 percent, to $68.11. Kimberly-Clark Corp. fell$. 01 or percent, to $109.49. Procter& Gamble Co. rose$. 27 or. 3 percent, to $80.26.
Becton, Dickinson& Co. fell$. 12 or. 1 percent, to $118.49. Covidien fell$. 19 or. 2 percent, to $89.10. PerkinElmer rose$. 07 or. 1 percent, to $47.72.