CARACAS, Nov 28- Venezuelan President Nicolas Maduro has paved the way for the legalization of the black market for currency through a reform of the Exchange Crimes Law, potentially clarifying operations currently seen stuck in a legal gray area. The new law was published in the Official Gazette that was distributed on Friday. Venezuela's currency has...» Read More
*Baidu jumps as net profit soars. NEW YORK, July 25- U.S. stocks were set to dip at the open on Friday, weighed by weak results including those from Amazon, with the S&P 500 expected to remain near its record high and within striking distance of 2,000.. Dow Jones industrial average e-mini futures fell 21 points and Nasdaq 100 e-mini futures lost 13 points.
*Russia anticipates more sanctions over Ukraine- analysts. MOSCOW, July 25- The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.
July 25- Allergan Inc, known best for its Botox wrinkle treatment, said on Friday that European Union regulators had recommended use of its eye drug Ozurdex be extended to treat patients with diabetic macular edema.
*Indonesia reaches copper exports deal with Freeport. *Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper was steady on Friday, remaining near to a 4-1/ 2 month peak, on positive factory data from China, but news of increased supply prospects from Indonesia dampened early gains.
*Investors asked to agree to cash call for up to 250 mln euros. ROME, July 25- Alitalia shareholders are meeting on Friday to vote on a share issue of up to 250 million euros to keep the Italian flagship carrier flying as it attempts to finalize a life-saving tie-up with Etihad Airways.
July 25- AbbVie Inc, which last week announced plans to buy Dublin- based drugmaker Shire Plc for $55 billion, reported stronger-than-expected quarterly results on surging sales of its Humira treatment for rheumatoid arthritis. Excluding special items, AbbVie earned 82 cents per share.
WASHINGTON, July 25- Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter. The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.
*CFO says Danone 2020 plan is "not a strategic review". PARIS, July 25- Food group Danone is confident of hitting full-year targets despite a weak first-half as it looks to a stabilization of European dairy revenues this year and the launch of new baby food products in China.
Corinthian Colleges Inc is the first university operator in the United States to feel the force of a government crackdown on the $28 billion for-profit education sector. As part of an agreement with the Department of Education- the same deal to which Wickiser's login page made reference- Corinthian has six months to sell most of its campuses or close them down.
*Novo expects to launch in first EU markets in H1 2015. *Shares in Novo rise 1.6 percent. Prospects for degludec- already on sale separately in Europe under the brand name Tresiba- and the new combination with Victoza are critical for Novo, which is the world's biggest insulin maker.
GAZA, July 25- As the United States and regional powers strive for a ceasefire between Israel and Gaza militants, the impoverished enclave faces a daunting recovery, such is the scale of damage after almost three weeks of fighting.
JAKARTA, July 25- Freeport-McMoRan Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the U.S. company's copper exports after a six-month halt.
*Second-qtr adjusted earnings $1.12/ shr vs est. July 25- Credit rating agency Moody's Corp reported a higher-than-expected quarterly profit as revenue rose from its bond ratings business, and the company raised its full-year revenue growth forecast.
The licence for New Kansai International Airport, which will be bundled with the operating rights for smaller Osaka International Airport, should fetch at least 2 trillion yen, Keiichi Ando, the chief executive of the government-owned New Kansai International Airport Co, told reporters.
BRUSSELS, July 25- European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, diplomats said.
*Baidu jumps as net profit soars. NEW YORK, July 25- U.S. stock index futures edged lower on Friday, weighed by weak results including those from Amazon, and ahead of data on durable goods. Dow Jones industrial average e-mini futures fell 17 points and Nasdaq 100 e-mini futures lost 11 points.
DETROIT, July 25- Lear Corp, maker of auto seats and electrical power systems, on Friday beat Wall Street's earnings expectations for the second quarter and increased its full-year outlook. Net income rose to $148.5 million, or $1.81 per share, from $137.3 million, or $1.60 per share, a year earlier.
*Copper to underperform other base metals in next year-Goldman. LONDON, July 25- Copper rose on Friday, just short of a 4-1/ 2 month peak, on positive factory data from China and was set to rise more than 2 percent this week. "Copper had a strong day yesterday but is more muted today.
LONDON, July 25- Two new leukemia drugs from Johnson& Johnson and Gilead Sciences have been recommended for approval by European regulators, paving the way for formal approval in a couple of months. The European Medicines Agency said on Friday its experts had issued positive opinions for J&J's ibrutinib, developed with Pharmacyclics, and Gilead's idelalisib.
July 25- Xerox Corp reported a 2 percent fall in second-quarter revenue, hurt by lower demand in its printing business. Net income attributable to Xerox fell to $266 million, or 22 cents per share, for the quarter ended June 30, from $271 million, or 21 cents per share, a year earlier. Revenue fell to $5.29 billion from $5.39 billion a year earlier.