The U.S. stock market opened lower on Friday, weighed down by disappointing earnings from companies such as Amazon.com. Nonetheless, the main benchmarks were on track to finish the week with marginal gains.
Rupert Murdoch's 21st Century Fox entered a deal Friday to sell all of its stake in Sky Italia and a majority stake in Sky Deutschland to BSkyB, raising more than $8 billion cash to fortress its rebuffed Time Warner bid.
... * U.S. dollar hits new eight-month high against euro. * U.S. durable goods data, weak German Ifo underpin dollar. * Geopolitical tensions weigh on euro (Updates prices, adds comment, changes byline, dateline, previous LONDON).
... * Shares open at $19, above IPO price of $15. * Values company at over $700 mln at day's high (Adds details). By Amrutha Gayathri.
WASHINGTON -- Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.