*Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.» Read More
NEW YORK— A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people."
NEW YORK, July 22- Billionaire investor William Ackman fired another volley on Tuesday in his 19- month-long war against Herbalife, this time taking aim at the company's use of nutrition clubs for recruiting, claiming they violate U.S. labor laws.
Russian oligarchs are terrified of potential sanctions for their country's politics. CNBC's Robert Frank has the details.
CNBC's Robert Frank reports pressure is growing for the Oligarchs to pay a price for Russia's politics.
July 21- Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- Australian lawmakers have voted to dump a tax that was arguably working and keep one that is demonstrably failing in yet another example of petty politics trumping sensible policy.
July 18- Sotheby's said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board. Sotheby's shares rose 3 percent to $39 on the New York Stock Exchange on Friday.
The plan, mainly impacting the auction house's U.S. and UK operations, will result in employee-related restructuring charges of about $13 million to be recognized in the third quarter, the company said.
*Angola admits "bad" loans in local unit's credit portfolio. LISBON/ JOHANNESBURG, July 18- Angola has broken its silence over its connection to Portugal's troubled Banco Espirito Santo, but its admission of bad loans in the local subsidiary focuses attention on a generous state guarantee covering most of this flawed loan portfolio.
*BSkyB in talks to buy into Germany, Italy. LONDON, July 17- U.S.-based cable group Liberty Global has bought BSkyB's 6.4 percent stake in ITV, Britain's biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid.
*BSkyB in talks to buy into Germany, Italy. LONDON, July 17- John Malone's cable group Liberty Global has bought a 6.4 percent stake in ITV from BSkyB, lifting shares in Britain's biggest free-to-air commercial broadcaster on hopes of a wider bid.
LONDON, July 17- Britain's pay-TV group BSkyB has sold a 6.4 percent stake in free-to-air broadcaster ITV to cable group Liberty Global, raising cash ahead of a possible deal to expand in Europe. BSkyB, which is in talks to buy Rupert Murdoch's Sky Italia and Sky Deutschland to create a European pay-TV powerhouse, said it had sold the stake for 481 million pounds.
SYDNEY, July 17- An Australian court on Thursday approved the takeover of Australia's David Jones Ltd by South Africa's Woolworths Holdings Ltd, clearing a final hurdle for the $2 billion deal. Shareholders of both companies have already voted in favour of the A $4.00 per share bid for Australia' No.2 department store by sales.
The billionaire investors, who have been at odds over nutrition and diet company Herbalife, made up in public on Wednesday, ending a decade long feud that exploded on cable television 18 months ago.
LAS VEGAS— Casino giant Las Vegas Sands Corp. said its second-quarter profit rose 27 percent due to continued growth in Macau, but earnings missed analysts' expectations and suffered in June as bettors focused more on their World Cup wagers than on the casino tables.
OMAHA, Neb.— Billionaire Warren Buffett decided it was time to upgrade his 2006 Cadillac DTS after General Motors CEO Mary Barra pointed out how many improvements had been made since then. Warren Buffett says the saleswoman did a great job, including recommending that Buffett buy the XTS sedan he picked, not the CTS coupe that Barra had recommended.
NEW YORK, July 16- Billionaire investor John Paulson on Wednesday called Valeant Pharmaceuticals International Inc a "very serious acquirer" and predicted that Allergan Inc cannot rebuff the drug maker on its own.
NEW YORK, July 16- Billionaire investor Stanley Druckenmiller took another swipe at U.S. central bank policies on Wednesday, warning that continued low interest rates were too risky and could create fresh problems in the years ahead.
DETROIT— The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy.
July 15- Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. About 16.6 million shares, worth more than $2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.