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
LONDON/ HONG KONG, July 13- Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.
NEW YORK, July 12- Shire Plc is seeking a higher takeover offer from U.S. drugmaker AbbVie Inc that would value the company at about 31 billion pounds, according to people familiar with the matter.
SOUTHAMPTON, New York— This is a town where people are so rich that a $2 million home can be badly in need of renovation.
United Airlines, the airport's primary carrier, said in an email Friday to the Port Authority of New York and New Jersey, the airport's operator, that it still questions whether the agency has the legal power to impose a wage hike.
Tracy Morgan has sued Wal-Mart over last month's highway crash that seriously injured him and killed a fellow comedian.
SACO, Maine— Many in the movie industry feared the need to convert to digital could be the death knell for drive-ins, but drive-in operators are finding creative ways to afford the switch. Ry Russell, general manager of Saco Drive-In, launched a social-media campaign to win an $80,000 digital projection system in a contest sponsored by Honda.
The former "30 Rock" star suffered a broken leg and broken ribs when the limousine van he was riding in was hit from behind June 7 by a Wal-Mart truck on the New Jersey Turnpike.
July 11- Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin' Dots ice cream and the star of a reality television show to buy and reopen the U.S. cupcake chain, according to a court document.
District Judge Thomas Griesa in New York. Argentina continues to demand Griesa reinstate a stay, or suspension, on his judgments while talks continue. Holdouts say Argentina still refuses to negotiate without any pre-conditions.
STRASBOURG- ECB President Mario Draghi speaks at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg, France. WASHINGTON- Federal Reserve Chair Janet Yellen testifies on the central bank's semiannual monetary policy before the Senate Banking Committee- 1400 GMT.
U.S. generic drugmaker Mylan is said to be in advanced talks to buy a multibillion-dollar portfolio of established products from Abbott Laboratories.
The lawsuit, filed in U.S. District Court in Manhattan, claims that shareholders suffered losses after Lions Gate, which also produces TV shows such as "Mad Men," on March 13 agreed to pay $7.5 million and admit wrongdoing to settle the probe by the U.S. Securities and Exchange Commission.
ARGENTINE DEBT MEDIATOR POLLACK SAYS NO RESOLUTION TO DEBT DISPUTE REACHED AFTER HAVING SEPARATE MEETINGS WITH GOVERNMENT AND HOLDOUT INVESTORS IN NEW YORK.
ARGENTINE DEBT MEDIATOR SAYS BOTH SIDES IN DISPUTE PRESENTED CASES TO HIM BUT DID NOT MEET FACE-TO-FACE IN NEW YORK.
WASHINGTON, July 11- The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S. producers and lawmakers.
The lawsuit claims shareholders suffered losses after Lions Gate agreed to pay $7.5 million and admit wrongdoing to settle an SEC probe.
WASHINGTON— Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell. Tobacco firms Reynolds, Lorillard in merger talks. RICHMOND, Va.— Big Tobacco may soon get smaller.
July 11- Argentine officials and representatives for the holdout investors it has battled for years over its catastrophic 2002 default were seen emerging from the offices of a court-appointed mediator in New York on Friday, according to a Reuters witness.
NEW YORK, July 11- Commodity prices from cotton to corn to crude tumbled on Friday, driving a key index to its longest-ever losing streak as supply-side fundamentals grew brighter. The rout came a day after news of strain at Portugal's largest listed bank upset other financial markets with fears of financial contagion in Europe.
ARGENTINE DEBT DELEGATION AND HOLD OUT INVESTORS EMERGE FROM MEDIATOR'S OFFICE IN NEW YORK- REUTERS WITNESS.