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NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.
SAN FRANCISCO, July 25- Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew.
NEW YORK— Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can— at least in some instances— be used on other carriers. The law, which President Obama said he looks forward to signing, undoes a move by the Librarian of Congress in 2012. That made it a copyright violation to unlock a phone without the carrier's permission.
NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.
NEW YORK, July 25- Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused in a lawsuit of manipulating silver prices in the physical and futures market, according to a lawsuit filed in a New York district court on Friday.
Argentina will default for the second time in 13 years if it cannot reach a deal with the U.S. hedge funds before July 30. Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off creditors who didn't participate in previous bond swaps.
NEW YORK, July 25- Brent oil prices reversed early losses to climb more than $1 a barrel on Friday, as fighting in Ukraine and deteriorating relations between Russia and the United States ignited new fears of supply disruptions in the market.
"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.
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.
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.
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 $35 billion into alternative mutual funds over the last 12 months, according to Morningstar.
NEW YORK, July 25- Even if data next week shows a mediocre rebound in U.S. economic growth, that might be enough to keep the stock market aloft at record highs and the Federal Reserve steadfast in its winding down of stimulus through bond purchases.
PHOENIX— Raghu Vadarevu, an editor on The Associated Press' West Desk, has been promoted to West assistant editor for enterprise. The appointment was announced Friday by West Region Editor Traci Carl, who oversees news for 13 states.
WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..
Ford Motor Co. fell$. 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 $35.08.
NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 14 or. 3 percent, to $53.70. DuPont Co. fell$. 15 or. 2 percent, to $65.05.