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7/24/2014 5:33:21 PM IMF sees 'substantial costs' of an Argentina default AFP
(MENAFN - AFP) The IMF's chief economist warned Thursday that a default by Argentina in its battle with holders of its defaulted debt may hurt its economy and the global financial system. "If it ...
7/24/2014 5:33:20 PM US stocks little changed SP 500 inches to record AFP
(MENAFN - AFP) Wall Street stocks Thursday finished little changed with the S&P 500 inching to a new record following mixed US economic data and a flood of corporate earnings. The Dow Jones ...
7/24/2014 5:33:19 PM Amazon loss widens despite climbing sales AFP
(MENAFN - AFP) Internet retail titan Amazon on Thursday reported a money-losing quarter despite impressive growth in sales. The Seattle-based firm said that it had a net loss of $126 million in the ...
7/24/2014 5:33:18 PM US airlines flying high on better earnings AFP
(MENAFN - AFP) US airlines are flying high again, reporting surging profits and returning cash to shareholders as they reap the benefits of an industry-wide merger wave wrought by the financial ...
7/24/2014 5:33:17 PM Ryanair, Aegean state interest in buying Cyprus Airways AFP
(MENAFN - AFP) Ireland's Ryanair and Greece's Aegean Airlines are among more than 15 applicants who have made a non-binding expression of interest to buy loss-making Cypriot flag-carrier Cyprus ...
7/24/2014 3:34:15 PM Ousted Espirito Santo bank head arrested AFP
(MENAFN - AFP) Ricardo Salgado, recently forced to quit as head of stricken Portuguese bank Banco Espirito Santo, was arrested on Thursday in connection with money laundering, the chief prosecutor's ...
7/24/2014 3:34:14 PM Caterpillar earnings edge higher on construction gains AFP
(MENAFN - AFP) Industrial giant Caterpillar Thursday reported slightly higher quarterly profits as gains in its construction segment overcame continued declines in mining. Caterpillar, which sells ...
7/24/2014 3:34:12 PM Recalls slam GM earnings, Europe drives Ford higher AFP
(MENAFN - AFP) General Motors is crying and Ford is laughing: The top US automakers posted wildly different earnings Thursday, the first hurt by recalls, the second lifted by new cash from ...
7/24/2014 3:34:10 PM Facebook stock hits all-time highs on strong earnings AFP
(MENAFN - AFP) Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying. The shares were up 5.6 percent at $75.30 in late morning trade, ...
7/24/2014 3:34:08 PM Argentina rejects debt 'guarantee' for hedge funds AFP
(MENAFN - AFP) Argentina denied Thursday it was considering paying a "guarantee" to hedge funds demanding full payment on defaulted bonds as it held crunch talks to prevent a new default. With less ...
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