New York


  • *Aims to prevent a repeat of Argentina debt battle. LONDON, Aug 29- Banks, investors and other users of bond markets have agreed to change how they would deal with defaulting government debt, removing the right of veto from holdouts to avoid a repetition of the fracas over Argentina.

  • HONG KONG, Aug 29- Stung by the loss of the high-profile IPO of Chinese e-commerce firm Alibaba Group, the Hong Kong stock exchange on Friday took a first step towards potentially loosening its listing rules and allowing firms with dual-class share structures to list in the city.

  • APNewsBreak: Buffett heir buys Rosa Parks archive Friday, 29 Aug 2014 | 7:21 AM ET

    DETROIT— Hundreds of items that belonged to civil rights icon Rosa Parks and have been sitting unseen for years in a New York warehouse were sold to a foundation run by the son of billionaire investment guru Warren Buffett, the younger Buffett said Thursday.

  • ABC names new boss at 'The View' Friday, 29 Aug 2014 | 7:09 AM ET

    ABC announced Thursday that Bill Wolff is the new executive producer of "The View," which begins a new season on Sept. 15. Wolff replaces Bill Geddie, who decided not to stay when ABC said Wolff would be brought in alongside him. ABC is owned by The Walt Disney Co.; MSNBC is a division of Comcast Corp..

  • *AstraZeneca shares up 2 percent. LONDON, Aug 29- Hopes for AstraZeneca's promising cancer drug pipeline were boosted on Friday by news the company had moved its immuno-oncology medicine MEDI-4736 into a mid-stage study in colorectal cancer.

  • LONDON, Aug 29- Banks, investors and other users of bond markets have agreed to change how they would deal with defaulting government debt in an attempt to avoid the disputes seen with Argentina. A small group of U.S. hedge funds rejected Argentina's 2005 and 2010 debt restructurings, pushing the country into default in July.

  • As stocks rise, so does anxiety: Time to get out? Friday, 29 Aug 2014 | 3:02 AM ET

    NEW YORK— Is it time to cash out of stocks? The market has nearly tripled in a little over five years, and with each record close, the temptation grows to take your winnings and flee. If only you had done that in the crashes that began in 2000 and 2008, you might be a lot richer.

  • Construction halted on tower near Brooklyn arena Friday, 29 Aug 2014 | 2:56 AM ET

    NEW YORK— A contractor has halted construction on a prefabricated residential high-rise near Brooklyn's Barclays Center and the Atlantic Terminal train yards. The New York Times reports Skanska stopped work at the site on Tuesday and closed down its prefabrication hub at the Brooklyn Navy Yard on Wednesday.

  • Denny's pops the cork on its first Manhattan diner Friday, 29 Aug 2014 | 2:51 AM ET

    NEW YORK— Denny's is popping the cork on its first Manhattan location. The Daily News reports the diner chain's Financial District debut is serving up a special combo putting a pricy bottle of Dom Perignon alongside its down home Grand Slam breakfast. Denny's takes Manhattan after years of planning and a legal fight.

  • Beer gardens helping Milwaukee County budgets Friday, 29 Aug 2014 | 1:40 AM ET

    MILWAUKEE— Oversized mugs of beer clink together as drinkers sitting under a canopy of trees in a Milwaukee public park listen to live accordion music and proclaim "Prost!"

  • EXCLUSIVE-Famed gold bug sued for not paying trader Friday, 29 Aug 2014 | 1:00 AM ET

    CHICAGO, Aug 29- Henry Jarecki, one of the world's most prominent gold bugs, is a celebrated advocate of free markets with a legendary record in precious metals trading.

  • NEW YORK, Aug 29- Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

  • Thailand plans to grow more sugar, swell global supply Thursday, 28 Aug 2014 | 11:17 PM ET

    *Support of rural population is key for govt in Thailand. BANGKOK, Aug 29- Thailand plans to boost the amount of land it uses to grow sugarcane, potentially increasing refined sugar output in the world's second-biggest exporter of the sweetener by around 10 percent, a government official said. The' rai' is a unit of measurement commonly used in Thailand.

  • BOSTON, Aug 28- An influential U.S. financial services industry group that shares information about cyber threats has said it is unaware of any "significant" cyber attacks, downplaying concerns about possible breaches at JPMorgan Chase& Co and other banks.

  • UPDATE 1-Google tests airborne drones to deliver goods Thursday, 28 Aug 2014 | 8:45 PM ET

    SAN FRANCISCO, Aug 28- Google Inc is developing airborne drones capable of flying on their own and delivering anything from candy to medicine, the Internet company said on Thursday.

  • Google building fleet of package-delivering drones Thursday, 28 Aug 2014 | 7:08 PM ET

    SAN FRANCISCO— Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so packages can be delivered to people more quickly.

  • The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.

  • NEW YORK, Aug 28- A Manhattan federal judge has dismissed a 12- year-old lawsuit accusing Ford Motor Co and IBM Corp of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts.

  • Final Glance: Biotechnology companies Thursday, 28 Aug 2014 | 6:02 PM ET

    Amgen Inc. rose$. 86 or. 6 percent, to $138.69. Biogen Idec fell $2.12 or. 6 percent, to $341.24. Celgene Corp. fell$. 04 or percent, to $94.70.

  • Final Glance: Pharmaceuticals companies Thursday, 28 Aug 2014 | 6:02 PM ET

    Baxter International Inc. fell$. 43 or. 6 percent, to $74.91. Bristol-Myers Squibb Co. rose$. 29 or. 6 percent, to $50.54. Hospira fell$. 02 or percent, to $54.22.