LONDON, Dec 11- The bar is still open, but last orders may be near. "The clock is ticking for risk assets," wrote Barclays global head of research Larry Kantor this week, seeing profit margins peaking and equity valuations versus bonds shrinking.» Read More
SAN FRANCISCO, July 26- Amazon.com Inc shares hit a record on Friday after quarterly results increased optimism about the Internet retailer's U.S. business. Amazon is trying to turn itself from an online retailer into a broader technology company offering consumer gadgets like tablets and cloud computing services to corporations and governments.
The U.S. Court of Appeals for the Federal Circuit issued its decision in a patent fight that pits Teva against two teams developing cheaper generic forms of Copaxone: one with Novartis AG and Momenta Pharmaceuticals Inc and another between Mylan Inc and Natco Pharma Ltd. Novartis did not immediately comment on the ruling.
NEW YORK, July 26- A former energy trader at Glencore Xstrata Plc and Goldman Sachs Group Inc is launching a commodities hedge fund focused on trading price spreads between different crude oil and petroleum products, people familiar with the matter said on Friday.
*China slowdown, U.S. output weigh on oil. *Yemen, Iraq, Libya exports fall; South Sudan to halt output. "We have a shift in sentiment towards demand concerns following Chinese economic data this week," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt. "
*Marathon holds 16.3 pct stake in Waha Oil Company. TRIPOLI/ LONDON, July 26- U.S. oil company Marathon Oil Corp is studying the sale of its stake in a key Libyan oil consortium in a sign unrest in the country and limited financial incentives are wearing down foreign firms, sources familiar with the matter told Reuters.
July 26- Barclays Plc is in the final stages of executing a plan to boost its capital levels that will likely involve the bank issuing billions of pounds worth of new securities, the Wall Street Journal reported, citing people familiar with the matter.
*Q2 dividend 42 cents per share vs 13 cents per share last year. NEW YORK, July 26- KKR& Co LP said on Friday that its second-quarter earnings declined by 74 percent as a lower appreciation in its private equity funds overshadowed a quadrupling in the cash it received from the profits its funds generated.
*Emergency meetings follow Siemens abandoning profit goal. MUNICH, July 26- Members of Siemens' supervisory board will meet at the weekend to discuss the future of the German engineering group's management, two people familiar with the matter said on Friday, a day after the firm abandoned its 2014 profit target.
BOSTON, July 26- Fidelity Investments disclosed on Friday its plans to use U.S. money manager BlackRock Inc as subadviser on a slate of 10 new sector-oriented exchange-traded funds. The disclosure follows up a previously stated plan to have BlackRock help Fidelity develop its own line of equity sector ETFs.
NEW YORK, July 26- The number of rigs drilling for natural gas in the United States was unchanged this week at 369, data from Houston- based Baker Hughes showed on Friday. Gas futures prices on Friday, which were down about 7 cents at $3.575 per mmBtu just before the data was released, held at about that level after the report.
The U.S. Court of Appeals for the Federal Circuit issued its decision in a patent fight between Teva and rivals Sandoz and Mylan Inc.. Teva and Sandoz did not immediately comment on the ruling. Both Sandoz, a generic division of Novartis, and Mylan had notified the U.S. Food and Drug Administration that they wanted to bring out generic versions of Copaxone.
NEW YORK, July 26- A U.S. appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive.
MEXICO CITY, July 26- Mexico's America Movil is still deciding whether to back KPN's proposed sale of its German unit to Spain's Telefonica, America Movil Chief Executive Daniel Hajj said on Friday. KPN, a Dutch telecoms operator, is 30 percent- owned by America Movil.
July 26- The U.S. Food and Drug Administration proposed a new rule on Friday that would require food companies to verify that products they import meet certain safety standards. More than 3,000 people in the United States die each year from food-borne illnesses, according to federal data.
*Gold set for 2 pct weekly gain, first 3- week rise since March. *Russia ups gold reserves in June, others cut- IMF data. NEW YORK/ LONDON, July 26- Gold dropped 1 percent on Friday on pre-weekend profit taking, but bullion was still set to post a sharp weekly gain as wariness over the U.S.
MEXICO CITY, July 26- Mexican state oil monopoly Pemex on Friday posted its steepest loss since 2011, hurt by lower crude export prices and a stronger peso. Pemex posted a loss of 49 billion pesos in the second quarter compared with a year earlier loss of 33.6 billion, according to a statement.
*Expedia loses a fourth of its market cap after results. *Zynga won't pursue real-money gaming, shares tumble. "It's not uncommon for short-term traders to lock a little bit of profits, especially after everyone had a terrible June," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.
July 26- Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments in the United States that are below investment grade, and could change their approach to pensions and other long-term liabilities, Moody's Investors Service said on Friday.
*France's CAC outperforms, LVMH results impress. *Financials drag on FTSE 100 ahead of banks' earnings. LONDON, July 26- Germany's benchmark index led European shares lower on Friday as a spate of underwhelming company results helped it to underperform its southern European peers.
Gray charges totaled $14.3 billion in 2012, according to a study released Thursday by the credit card usage monitoring company BillGuard in conjunction with the research firm Aite Group. Credit card issuers, the report says, spent an estimated $562 million in customer service time to deal with disputes and process charge-backs.