New York


  • Retail trade group reduces annual sales forecast Wednesday, 23 Jul 2014 | 11:03 AM ET

    NEW YORK— The nation's largest retail trade group is paring its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes.

  • *Microsoft sees end to Nokia losses, shares rise. NEW YORK, July 23- The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check.

  • TREASURIES-Prices inch higher on geopolitical anxiety Wednesday, 23 Jul 2014 | 10:45 AM ET

    NEW YORK, July 23- U.S. long-term Treasury debt prices edged higher for a third straight session on Wednesday on continued safe-haven demand as global tensions in the Middle East and Ukraine persisted.

  • Ex-CEO gets prison for stealing from NYC charity Wednesday, 23 Jul 2014 | 10:33 AM ET

    NEW YORK— The politically connected former CEO of a prominent New York City charity has been sentenced to prison for helping to steal more than $9 million from the anti-poverty organization. William Rapfogel was sentenced Wednesday to a term of 40 months to 10 years. He formerly led the Metropolitan Council on Jewish Poverty.

  • Stocks open mostly lower following mixed earnings Wednesday, 23 Jul 2014 | 9:55 AM ET

    NEW YORK— Stocks are mostly lower in early trading as traders look over a mixed batch of earnings reports. Whirlpool, Ryder systems and Boeing all fell Wednesday morning after reporting their latest quarterly results. Falling stocks narrowly outpaced rising ones on the New York Stock Exchange.

  • FOREX-US dollar holds near 8-month highs against euro Wednesday, 23 Jul 2014 | 9:44 AM ET

    NEW YORK, July 23- The U.S. dollar held near eight-month highs against the euro on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth weighed on the single currency.

  • US stocks mixed as earnings reports roll in Wednesday, 23 Jul 2014 | 9:06 AM ET

    NEW YORK— U.S. stock futures are edging up ahead of the opening bell as investors size up earnings reports from Apple, Boeing and other big companies. Apple rose 16 cents, or 0.2 percent, to $94.88 in premarket trading. BIG AIR: Early Wednesday, Boeing reported a 52 percent jump in quarterly profits beating Wall Street's estimates.

  • July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.

  • NEW YORK, July 23- Lauren Greutman felt sick. She and her husband Mark were about $40,000 in debt, and were having trouble paying their monthly bills. As recent homebuyers, the couple from Syracuse, New York, were already underwater on the mortgage and getting by on one income as Lauren focused on being a stay-at-home mom.

  • PepsiCo raises forecast after profit beats Wednesday, 23 Jul 2014 | 7:45 AM ET

    PURCHASE, N.Y.— PepsiCo Inc. raised its forecast slightly for the year on Wednesday as it continued to slash costs while selling more of its snacks and drinks. While the gains were relatively modest, PepsiCo has been boosting its financial results with a cost-cutting plan expected to generate $1 billion in savings this year.

  • PepsiCo quarterly profit falls 2 pct Wednesday, 23 Jul 2014 | 7:05 AM ET

    July 23- PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company's net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier. Excluding items, PepsiCo earned $1.32 per share.

  • Women business owners face gender gap, report says Wednesday, 23 Jul 2014 | 6:11 AM ET

    The report by Democratic staffers of the Senate Small Business& Entrepreneurship Committee found that while businesses owned by women account for 30 percent of small companies, they receive only 4.4 percent of the total dollars in conventional small-business loans.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • Albany airport to get nearly $4 million upgrade Wednesday, 23 Jul 2014 | 3:01 AM ET

    ALBANY, N.Y.— Albany International Airport is getting nearly $4 million in federal money for runway repaving and other upgrades. The Department of Transportation award was announced Tuesday by U.S. senators Charles Schumer and Kirsten Gillibrand and Congressman Paul Tonko.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • AP source: Thieves got into 1K StubHub accounts Tuesday, 22 Jul 2014 | 10:24 PM ET

    Manhattan District Attorney Cyrus R. Vance Jr. was expected to hold a news conference Wednesday with London and Royal Canadian Mounted Police officials.

  • Review: Amazon Fire offers new ways to use phones Tuesday, 22 Jul 2014 | 9:01 PM ET

    NEW YORK— What I find fascinating about Amazon's Fire phone isn't the gizmos such as the 3- D imagery or the camera scanner that helps you get more information about products. Rather, I like that Amazon is thinking a lot about how phones ought to work. The Fire phone uses Android, but Amazon has modified it to the point that it's barely recognizable.

  • GateHouse Media parent to buy Providence Journal Tuesday, 22 Jul 2014 | 7:01 PM ET

    PROVIDENCE, R.I.— The parent company of Gatehouse Media LLC on Tuesday announced an agreement to buy The Providence Journal and related print and digital assets from A.H. Belo Corp. for $46 million cash.

  • CALGARY, Alberta, July 22- Canada's largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network.