New York


  • "We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.

  • Visa and Amazon are big market movers Friday, 25 Jul 2014 | 4:23 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Visa Inc., down $7.97 to $214.77. Pandora Media Inc., down $2.97 to $25.75.

  • Disappointing results at Visa, Amazon hurt stocks Friday, 25 Jul 2014 | 4:19 PM ET

    NEW YORK— The stock market is ending lower after Visa and Amazon posted disappointing results. Amazon's stock slumped $34.60, or 9.6 percent, to $324.01 after the online retail giant posted a wider loss than analysts had forecast. The Dow was dragged down by Visa, which fell $7.97, or 3.6 percent, to $214.77.

  • NEW YORK/ BUENOS AIRES, July 25- Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors on Friday in talks that lasted just an hour, suggesting a settlement to avoid a default next week remains elusive.

  • *Facebook says SEC recommends no enforcement action. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC."

  • July 25- A former adviser to mining giant BSG Resources was sentenced in New York federal court on Friday to two years in prison for obstructing a criminal probe in connection with a bribery investigation in Guinea.

  • *Amazon.com, Visa down after disappointing results. NEW YORK, July 25- Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.

  • Alternative funds are drawing dollars, questions Friday, 25 Jul 2014 | 3:04 PM ET

    NEW YORK— They're hot, yet many investors have no idea what they do. These mutual funds go by a few names, and it doesn't help that some are inscrutable like "liquid alts," but they generally fall under an umbrella known as alternative mutual funds. Investors plugged a net $35 billion into alternative mutual funds over the last 12 months, according to Morningstar.

  • NEW YORK, July 25- Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.

  • AP names new enterprise editor for western US Friday, 25 Jul 2014 | 2:01 PM ET

    PHOENIX— Raghu Vadarevu, an editor on The Associated Press' West Desk, has been promoted to West assistant editor for enterprise. The appointment was announced Friday by West Region Editor Traci Carl, who oversees news for 13 states.

  • Business events scheduled for the coming month Friday, 25 Jul 2014 | 1:50 PM ET

    WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..

  • Midday Glance: Autos companies Friday, 25 Jul 2014 | 1:41 PM ET

    Ford Motor Co. fell$. 13 or. 7 percent, to $17.71. General Motors Co. fell$. 78 or 2.2 percent, to $34.96. Honda Motor Co. fell$. 05 or. 1 percent, to $35.08.

  • Midday Glance: Chemicals companies Friday, 25 Jul 2014 | 1:41 PM ET

    NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 14 or. 3 percent, to $53.70. DuPont Co. fell$. 15 or. 2 percent, to $65.05.

  • IPO Roundup: El Pollo Loco soars in debut Friday, 25 Jul 2014 | 1:10 PM ET

    NEW YORK— Wall Street is still hungry for fast-casual restaurant chains. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles& Co., also climbed in their initial public offerings.

  • Brian Zwerner, a former manager of Bank of America's municipal derivatives desk, was sentenced to spend three years on probation and pay a $10,000 fine by U.S. According to court papers he has also agreed to pay Bank of America $890,000 and settle related U.S. Securities and Exchange Commission civil charges.

  • *Russia says Washington is disseminating "unfounded" accusations over Ukraine. *Russia says Ukraine shelled across the border to kill law enforcement officers.

  • NEW YORK, July 25- Lyft Inc will launch ride-sharing operations on Friday evening in New York City after reaching an agreement with New York authorities over the company's compliance with state licensing and insurance regulations.

  • Argentina debt talks over for Friday - mediator Friday, 25 Jul 2014 | 12:48 PM ET

    NEW YORK, July 25- The mediator in Argentina's debt dispute with holdout investors, Daniel Pollack, told Reuters that talks at his office in New York were over for Friday. It was unclear whether negotiations would continue over the weekend, heading into a July 30 deadline for a resolution to the dispute between the government and holdout investors.

  • Lyft says it's starting New York City service Friday, 25 Jul 2014 | 12:40 PM ET

    ALBANY, N.Y.— The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state.

  • Citigroup unit paying $5M to settle SEC charges Friday, 25 Jul 2014 | 12:23 PM ET

    The Securities and Exchange Commission announced the settlement with Citigroup's LavaFlow Inc. on Friday. The settlement includes a $2.85 million penalty, the largest the SEC has imposed on an alternative trading system.