Russia may suspend all food imports from Ukraine because of Kiev's trade deal with the European Union, state news agency RIA Novosti reports.» Read More
DETROIT— Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations, according to data provider FactSet.
LONDON, July 24- The euro climbed from an eight-month low on Thursday after German and French business surveys beat expectations, although the risks to the euro zone economy from any tougher sanctions on Russia curbed gains.
LONDON— A former British tabloid reporter was given a 10- month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.
*BASF still sees slightly higher adj EBIT in 2014. FRANKFURT, July 24- BASF, the world's largest chemicals maker by sales, became the latest euro zone company to suffer from the strength of the euro, posting lower-than-expected earnings growth even as sales volumes rose.
LONDON, July 24- Britain's leading fraud prosecutor on Thursday charged a British subsidiary of French engineering group Alstom with three offences of corruption and three offences of conspiracy to corrupt after a five-year investigation.
*EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.
*Q2 op profit 606 bln won vs 524 bln won analyst view. SEOUL, July 24- LG Electronics Inc signaled further improvement in its mobile business after record smartphone sales propelled the South Korean manufacturer to its highest quarterly profit in more than three years.
SPENCER, Mass., July 24- Tucked off a two-lane highway in a hilly, wooded section of central Massachusetts, a group of Roman Catholic monks has embraced a centuries-old tradition they hope can sustain their aging members in a world of rapidly rising health costs.
*Google's handling of removal requests has drawn criticism.
LONDON, July 24- Luxury carmaker Bentley, part of Germany's Volkswagen, expects to increase sales volumes this year by less than previously forecast, Chief Executive Wolfgang Duerheimer said on Thursday.
LONDON— Pharma giant GSK said Thursday it is submitting its malaria vaccine for regulatory approval to the European Medicines Agency. In a statement on Thursday, GSK said its vaccine is aimed only for use against the malaria parasite most prevalent in Africa.
DEARBORN, Mich., July 24- Ford Motor Co's operating earnings for the second quarter beat Wall Street expectations as better-than-expected profit in North America and Europe countered weaker results than expected in Asia Pacific and South America.
*Euro STOXX 50 up 0.4 pct, FTSEurofirst 300 up 0.8 pct. The euro zone Euro STOXX 50 index was up 0.8 percent at 3,217.18 points while the broader FTSEurofirst 300 index index was up 0.4 percent at 1,381.21 points by 1021 GMT.
*Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.
Authorities have lost contact with an Air Algerie flight en route from Ouagadougou in Burkina Faso to Algiers with 110 passengers on board.
DEARBORN, Mich.— Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years. Ford, which earned $3.9 billion before taxes in the first half of this year, confirmed it expects full-year earnings of $7 billion to $8 billion.
*China manufacturing PMI hits 18- month high; new orders surge. While China is relying on increased government stimulus to steer its economy away from reliance on exports and towards consumer spending, Europe has taken the opposite approach, combining fiscal austerity with near-zero interest rates.
LONDON, July 24- GlaxoSmithKline said on Thursday it is applying for regulatory approval for the world's first vaccine against malaria, designed for use in children in Africa.
That's the verdict of financial information company Markit even as it noted Thursday a growth pick-up during July despite ongoing stagnation in France, Europe's second-largest economy.
LISBON, Portugal— Portugal's attorney general's office says prosecutors investigating a suspected tax fraud and money-laundering conspiracy have detained the former head of the country's largest bank.