The Metropolitan Opera plays hardball with unions, vowing a lockout without union concessions before a midnight Thursday deadline.» Read More
*Hotel helps Paris compete against others luxury capitals. It is part of a battle to attract Asia's new class of super-rich that not only pits the world's top hotel groups against each other but also cities such as Paris, New York and London.
July 31- French telecoms operator Iliad SA has made a buyout offer for T-Mobile USA Inc, a person familiar with the matter said, countering an offer by Sprint Corp..
SAN JUAN, Puerto Rico— New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
NEW YORK— U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped. European markets also fell as evidence mounted that the standoff between the West and Russia over Ukraine is hurting the region's economy.
NEW YORK— Shares of Synchrony Financial are rising slightly in their debut on the New York Stock Exchange. Synchrony provides credit cards for retailers, such as Wal-Mart, J.C. Penney and Amazon.com. Shares of Synchrony, which are trading on the NYSE under the symbol "SYF," rose 3 cents to $23.03 in midday trading.
*Wall St tumbles with Dow, S&P turning negative for July. NEW YORK, July 31- Doubts on whether stock markets can ride out a tightening of U.S. monetary policy dominated trade on Thursday, sending major U.S. stock indexes down more than 1 percent, while the dollar edged higher against a basket of major currencies.
*Yield curve steepens from five-year lows. NEW YORK, July 31- U.S. "There is some month-end buying, both here and in Europe," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
July 31- Canada's Valeant Pharmaceuticals International Inc, embroiled in a bitter battle to take over Botox-maker Allergan Inc, on Thursday cut its 2014 and 2015 profit forecasts, sending shares 10 percent lower.
*Weekly jobless claims rise 23,000. WASHINGTON, July 31- U.S. labor costs recorded their biggest gain in more than 5-1/ 2 years in the second quarter and a gauge of trends in the jobs market fell to an eight-year low last week, bolstering the economy's outlook.
NEW YORK, July 31- The U.S. dollar edged higher against a basket of major currencies on Thursday after U.S. labor market data bolstered expectations for a more hawkish Federal Reserve and reinforced optimism for a strong U.S. nonfarm payrolls report Friday.
Kroger fell$. 49 or 1.0 percent, to $49.24. Safeway fell$. 10 or. 3 percent, to $34.72. Supervalu fell$. 10 or 1.1 percent, to $9.35.
July 31- T-Mobile US Inc on Thursday posted its first net profit in a year, raised its forecasts for subscriber growth and reported the most postpaid phone subscriber additions in the industry. The company reported net income of $391 million, or 49 cents per share, compared with a year-earlier loss of $16 million, or 2 cents per share.
*Q2 EPS ex-items $1.23 vs $1.22 forecast. *Now sees 2014 EPS $4.50- $4.80 with Copaxone competition. TEL AVIV, July 31- Teva Pharmaceutical Industries raised its full-year profit forecast on Thursday after posting higher quarterly earnings that were due in part to the launch of several generic products in the United States.
NEW YORK— Stocks are opening lower as investors react to more disappointing earnings from companies. L-3 Communications Holdings plunged 14 percent, the most in the Standard& Poor's 500 index, after the company reported that it was investigating accounting irregularities at is Aerospace Systems unit.
BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".
*Yield curve steepens from five-year lows. NEW YORK, July 31- U.S. "Starting with GDP yesterday, it certainly set things off," said Ira Jersey, an interest rate strategist at Credit Suisse in New York.
NEW YORK— Ariana Grande is the new princess of pop, topping the charts with her addictive single "Problem," impressing critics with her thick, gliding vocal range and maintaining an image that her young Nickelodeon fans can vibe with, signature ponytail and all.
The Labor Department said Thursday that applications for jobless aid increased 23,000 to a seasonally adjusted 302,000. The less volatile four-week moving average dipped to 297,250, the lowest reading since April 2006. New York: Down 18,663, due to fewer layoffs in education, transportation and warehousing, and health care and social assistance.
NEW YORK— Colgate-Palmolive Co. on Thursday reported profit that increased by 11 percent in its second quarter. The New York- based company said earnings increased to $622 million, or 67 cents per share, from $561 million, or 60 cents per share, in the same quarter a year earlier.
*Investors fret over Argentina default fallout. NEW YORK, July 31- U.S. stock index futures pointed to a sharply lower Wall Street open Thursday, with the Dow and S&P 500 likely to turn negative for the month on concerns over the strength of overseas economies and ongoing tensions with Russia.