New York City


  • Business Highlights Friday, 11 Jul 2014 | 5:46 PM ET

    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.


  • Lorillard and Fastenal are big market movers Friday, 11 Jul 2014 | 4:58 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. MGIC Investment Corp., down 88 cents to $8.36. ChannelAdvisor Corp., up $1.06 to $24.22.

  • July 11- U.S. regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.

  • NEW YORK, July 11- Major global equities markets edged higher 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.

  • Stocks finish slightly higher Friday, 11 Jul 2014 | 4:17 PM ET

    NEW YORK— The U.S. stock market is ending slightly higher as investors assess corporate earnings. The Dow Jones industrial average rose 28 points, or 0.2 percent, to finish at 16,943 Friday. Fastenal, which makes industrial fasteners, fell 4 percent after reporting revenue that fell short of analysts' estimates.

  • WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.

  • *Gaza in focus, less worry over Portugal's Banco Espirito. NEW YORK/ LONDON, July 11- Gold prices were flat on Friday as investors grew less worried about Portugal's top listed bank, but the precious metal notched its sixth straight weekly gain as many remained concerned about violence in the Middle East.

  • Corporate eye on expansion could benefit funds Friday, 11 Jul 2014 | 3:44 PM ET

    NEW YORK— After years of funneling cash to investors, companies may be looking to spend more on themselves. Consider Linda Bakhshian, one of the managers of the $2.1 billion Federated Capital Income fund, among other funds.

  • July 11- Big Pharma companies are trying to offload low-growth, mature drug portfolios to firms such as Blackstone Group LP and TPG Capital LP which need to figure out how to carve them out, in one of private equity's greatest dealmaking challenges.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2.30 PM ET Friday, 11 Jul 2014 | 2:39 PM ET

    BRUSSELS/ MOSCOW- The European Union seeks to reassure Russia that a free-trade pact with Ukraine is not aimed at hurting Moscow, but rejects calls to postpone implementation, offering more talks instead.

  • NEW YORK, July 11- Brent oil hit a three-month low on Friday, heading towards a third consecutive week of losses as fears of supply shortages in the Middle East and North Africa receded.

  • John Seigenthaler, Tennessee journalist, dies Friday, 11 Jul 2014 | 2:17 PM ET

    NASHVILLE, Tenn.— John Seigenthaler, the journalist who edited The Tennessean newspaper, helped shape USA Today and worked for civil rights during the John F. Kennedy administration, died Friday at his Nashville home at age 86, his son said.

  • Midday Glance: Education companies Friday, 11 Jul 2014 | 1:37 PM ET

    Apollo Group fell$. 34 or 1.1 percent, to $29.30. Career Education Corp. rose$. 10 or 2.1 percent, to $4.78. Strayer Education Inc. fell$. 96 or 1.8 percent, to $51.91.

  • Midday Glance: Airlines companies Friday, 11 Jul 2014 | 1:37 PM ET

    Delta Air fell$. 17 or. 5 percent, to $37.28. JetBlue Airways Corp. rose$. 17 or 1.6 percent, to $10.90. Southwest Airlines Co. rose$. 02 or. 1 percent, to $27.29.

  • Midday Glance: Internet companies Friday, 11 Jul 2014 | 1:37 PM ET

    eBay rose $1.20 or 2.4 percent, to $51.54. Groupon Inc. rose$. 06 or. 8 percent, to $6.55. LinkedIn Corp. rose$. 35 or. 2 percent, to $156.66.

  • Midday Glance: Big-box Retail companies Friday, 11 Jul 2014 | 1:37 PM ET

    NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell$. 36 or. 3 percent, to $117.72. Wal-Mart Stores Inc. fell$. 32 or. 4 percent, to $76.74.

  • Midday Glance: Coal companies Friday, 11 Jul 2014 | 1:37 PM ET

    Arch Coal fell$. 01 or. 3 percent, to $3.19. Consol Energy Inc. fell$. 03 or. 1 percent, to $43.46. Peabody Energy fell$. 05 or. 3 percent, to $15.89.