JAKARTA, July 25- Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit.» Read More
SEATTLE— Police say an out-of-town Amazon employee was the operator behind a drone that buzzed the Seattle Space Needle this week. Witnesses told police they saw the craft fly back into a fifth-floor room in a nearby hotel. Police had received reports the drone had crashed into the landmark of Seattle's 1962 World's Fair but they saw no evidence of that.
Gregg Jarrett, 59, entered his plea by petition and didn't appear in Hennepin County District Court. Fox News did not immediately return emails seeking comment Friday. At the time of his arrest, Fox News released a statement saying Jarrett was dealing with serious personal issues.
A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. That helped the market overcome its latest dip, on July 17th, when a passenger jet was shot down in eastern Ukraine and Israel invaded the Gaza Strip, raising investor worries that conflicts around the world could escalate and destabilize financial markets.
*Investors agree to share issue of up to 250 million euros. ROME, July 25- Alitalia shareholders on Friday approved a share issue of up to 250 million euros to keep the Italian flag carrier flying as it seeks to finalize a life-saving tie-up with Etihad Airways. Abu Dhabi's state-owned Etihad Airways plans to buy a 49 percent stake in the Italian carrier.
NEW YORK, July 25- Argentine debt negotiators left their meeting with a U.S. court-appointed mediator in New York after barely one hour on Friday, declining to make any comment as they left the building, a Reuters reporter said.
LONDON, July 25- European shares fell on Friday, with the German market hit after business sentiment in the country fell to its lowest level in nine months, while luxury goods group LVMH slumped after weaker-than-expected results. The pan-European FTSEurofirst 300 index provisionally closed 0.8 percent lower at 1,371.21 points.
WASHINGTON, July 25- A mixed reading on the health of U.S. business investment on Friday suggested the economy may not have rebounded as strongly in the second quarter as previously believed, but it offered hope for the rest of 2014..
*Amazon.com, Visa down after disappointing results. U.S. stocks were lower in early trading, hurt by results from Amazon.com and Visa, the two biggest drags on the S&P 500. Amazon dropped 11.1 percent to $318.79, while Visa was down 4.9 percent at $211.90.
July 25- Amazon.com Inc's heavy investment in content and technology to fight off deep-pocketed rivals is proving to be more costly than many had expected, raising fears that operating earnings will be remain under pressure indefinitely. Amazon's shares fell 12 percent to $314.76 in early trading on Friday, wiping out about $18 billion from its market value.
DETROIT— DTE Energy Co. on Friday reported net income that increased by 18 percent in its second quarter, and fell short of analysts' expectations. The Detroit- based company said earnings increased to $124 million, or 70 cents per share, from $105 million, or 60 cents per share, in the same quarter a year earlier.
MOSCOW, July 25- McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.
NEW YORK, July 25- Brent crude oil prices shot more than $1 higher at mid-morning on Friday while U.S. oil erased early losses, with traders linking the gains to talk that further Western sanctions on Russia could hit oil exports.
NEW YORK, July 25- Uncertainty over a policy shift to crop subsidies in China, the world's top producer and consumer of cotton, could spark a burst of demand for imported cotton between September and December, an industry veteran said on Friday.
WASHINGTON, July 25- A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients' confidential trading data, U.S. regulators said Friday.
BRENT CRUDE EXTENDS GAINS TO MORE THAN $1, TRADERS CITE CONCERNS OVER FURTHER SANCTIONS ON RUSSIA.
BRUSSELS, July 25- When Dutch Foreign Minister Frans Timmermans spoke to his European Union peers of his grief and anger over the downing of a Malaysia Airlines airliner over eastern Ukraine, it was a turning point in Europe's approach to Russia.
BRENT CRUDE OIL PRICES JUMP, U.S.
CHICAGO— Grain futures were mixed Friday in early trading on the Chicago Board of Trade. Wheat for Sept delivery gained 3.5 cents to $5.3225 a bushel; Sept corn was 3.75 cents lower at $3.5775 a bushel; Dec oats were unchanged at $3.26 a bushel; while Nov soybeans were 11 cents lower at $10.7375 a bushel.
*Shares open at $19, above IPO price of $15. July 25- Shares of El Pollo Loco Holdings Inc rose as much as 32 percent in their market debut as investors tucked into the offering, betting on the growing popularity of the restaurant chain's fire-grilled chicken.
LONDON, July 25- Foreign equity and bond investors who had tentatively ventured back into Russia after a huge early-2014 selloff are again slashing their holdings for fear of being caught in the crossfire of Western sanctions. Russia has fared worst among the big emerging equity markets this year, with dollar-based losses of 13 percent.