Lyft will be offering free rides in NYC for two weeks as part of its launch there. Meera Joshi, NYC Taxi & Limo Commission CEO, says this is nothing more than an illegal cab the city has fought against for decades for the safety of the passengers.» Read More
ALBANY, N.Y.— New York's attorney general has sued to block Lyft, the on-demand ride-sharing app, from operating in New York. The suit was filed Friday, hours before San Francisco- based Lyft planned to enter the New York City market. He seeks a court order to stop its New York service until the suit is resolved, plus a civil penalty and loss of profits.
July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.
NEW YORK, July 11- Crude oil futures hit two-month lows on Friday, heading towards a third consecutive week of losses as fears of supply shortages in the Middle East and North Africa receded.
Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's oldest and biggest tobacco companies.
WASHINGTON, July 11- The United States government on Friday forecast abundant U.S. and world grain, soybean and cotton supplies in the coming year, consistent with the recent steep decline in prices. Corn was down about 0.7 percent, but on an active-month basis corn futures are at their lowest since August 2010.
NEW YORK— Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy. Halliburton said the companies have worked together for seven years. Halliburton Co. shares lost 59 cents to $68.76 in midday trading.
*Reynolds, Lorillard marriage seen making $500 mln savings. LONDON, July 11- U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would reshape one of the world's biggest and most profitable tobacco markets, the companies said on Friday.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
NEW YORK— Amazon is officially asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less. In a letter to the FAA dated Wednesday, Amazon said it is developing aerial vehicles as part of Amazon Prime Air.
NEW YORK, July 11- The U.S. dollar was stable against the yen and the euro on Friday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.
July 11- Two members of the U.S. Senate Finance Committee, including Chairman Ron Wyden, on Friday asked Gilead Sciences Inc to defend the more than $80,000 cost of its breakthrough treatment for hepatitis C, citing the expense to federal healthcare programs.
July 11- Silver Lake Partners LP agreed to pay $29.5 million to settle a lawsuit that accused it and several other large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis, court records showed. The settlement was disclosed in a filing late Thursday in federal court in Boston.
NEW YORK, July 11- Major global equities markets steadied and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank eased.
Baxter International Inc. fell$. 54 or. 7 percent, to $76.21. Bristol-Myers Squibb Co. fell$. 11 or. 2 percent, to $48.40. Hospira fell$. 22 or. 4 percent, to $50.84.
Arch Coal rose$. 03 or. 9 percent, to $3.23. Consol Energy Inc. rose$. 03 or. 1 percent, to $43.52. Peabody Energy fell$. 05 or. 3 percent, to $15.88.
eBay rose $1.30 or 2.6 percent, to $51.63. Groupon Inc. fell$. 09 or 1.3 percent, to $6.42. LinkedIn Corp. rose$. 77 or. 5 percent, to $157.08.
DR Horton fell$. 30 or 1.2 percent, to $24.12. Hovnanian Enterprises Inc. fell$. 01 or. 1 percent, to $4.61. Lennar Corp. fell$. 27 or. 7 percent, to $40.38.
ConAgra Foods Inc. fell$. 01 or percent, to $30.50. General Mills Inc. fell$. 14 or. 3 percent, to $52.88. Hormel Foods Corp. fell$. 13 or. 3 percent, to $48.58.
NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose$. 06 or. 1 percent, to $51.18. DuPont Co. rose$. 04 or. 1 percent, to $64.98.
Kelly Services Inc. class A rose$. 03 or. 2 percent, to $16.56. Korn/Ferry International Inc. fell$. 30 or 1.0 percent, to $29.51. ManpowerGroup fell$. 35 or. 4 percent, to $81.95.