GO
Loading...

New York

More

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates. The Fed said it would take a "patient" approach in deciding when to bump borrowing costs higher, which Fed Chair Janet Yellen, at a news conference,...

  • TABLE-Reuters U.S. primary dealer poll results Wednesday, 17 Dec 2014 | 6:46 PM ET

    NEW YORK, Dec 17- These are the results of Reuters poll of U.S. primary dealers following the latest Federal Open Market Committee meeting on Wednesday. For the related story click. Primary Dealer When do Will the Where do Where do Would a.

  • NEW YORK, Dec 17- Economists at Wall Street's biggest banks remain convinced the Federal Reserve will raise interest rates by next June and most expect the Fed to tighten policy more than once in 2015, a Reuters poll found after the U.S. central bank wrapped up a policy meeting on Wednesday. The Fed last raised interest rates in 2006 and has held its target policy...

  • NEW YORK, Dec 17- Argentina urged a U.S. appeals court on Wednesday to reverse a lower court decision requiring the country and various banks to provide holdout creditors with information about the country's assets including military equipment and diplomatic property. But the judges also expressed concerns that if they narrowed the order, Argentina would...

  • Stocks with exposure to Cuba rise sharply Wednesday, 17 Dec 2014 | 5:37 PM ET

    NEW YORK— A batch of stocks with exposure to Cuba rose sharply Wednesday after President Obama moved to restore diplomatic relations between the U.S. and Caribbean island after more than 50 years of hostility. The closed-end mutual fund, with the stock ticker " CUBA," owns several companies with exposure to Cuba, including Copa Holdings and Royal Caribbean.

  • NEW YORK, Dec 17- The U.S. dollar posted its biggest daily gain against major currencies since early October on Wednesday after the Federal Reserve signaled it was on track to hike interest rates sometime next year. "Markets are taking the dollar higher, as they should be, because the Fed is on track to hike rates in 2015," said Win Thin, currency strategist at Brown...

  • American Kennel Club adds 4 new dog breeds Wednesday, 17 Dec 2014 | 5:26 PM ET

    NEW YORK— A Spanish farm and fishing dog, a Sicilian rabbit-hunting breed, an Italian sheepdog with a distinctive matted coat and a rugged South African watchdog are joining the American Kennel Club pack. The kennel club announced Wednesday that the Spanish water dog, the Cirneco dell' Etna, the Bergamasco and the Boerboel will become recognized breeds Jan. 1.

  • Existing gambling sites in New York state Wednesday, 17 Dec 2014 | 4:58 PM ET

    A New York panel decided to recommend only three sites for upstate gambling casinos instead of four amid an increasingly saturated gambling market. Here's a look at the other sites where gamblers already can go in New York. —Empire City Casino at Yonkers Raceway, Yonkers;.

  • NEW YORK, Dec 17- The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. "This is the market saying,' Ah, I get it,' the Fed does not want to be in the business of disruption, this is a steady monetary policy and the Fed will continue...

  • *Gasoline prices post biggest drop since December 2008. The Labor Department said on Wednesday its Consumer Price Index fell 0.3 percent, the largest decline since December 2008, after being flat in October. "Conditions could be in place to raise rates during the first half of next year," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland,...

  • MGM Resorts and FedEx are big market movers Wednesday, 17 Dec 2014 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. MGM Resorts International, down 84 cents to $18.01. FedEx Corp., down $6.48 to $167.78.

  • Study: Wealth gap largest on record Wednesday, 17 Dec 2014 | 4:24 PM ET

    In a new report, Pew Research Center said Wednesday that the gap between the nation's wealthiest households and middle- and low- income earners is the widest it has been since the government began collecting data 30 years ago. Pew, which analyzed Federal Reserve data, said the median wealth of upper-income families was $639,400 in 2013. Middle-income...

  • The United States' commercial ties with Cuba were broken 54 years ago after Fidel Castro took over. Now U.S.- Cuba trade is poised to resume: President Barack Obama on Wednesday announced plans to re-establish diplomat relations with Havana, and economic ties are expected to follow. Gary Hufbauer and Barbara Kotschwar of the Peterson Institute for...

  • US stocks jump as Fed promises 'patient' approach Wednesday, 17 Dec 2014 | 4:11 PM ET

    NEW YORK— The U.S. stock market is closing with its biggest gain in more than a year after the Federal Reserve said it was in no rush to raise rates. The Federal Reserve indicated Wednesday it was moving closer to raising rates from record lows because the U.S. economy and job market are strengthening. The Standard& Poor's 500 gained 40 points, or 2 percent, to 2,012, the...

  • LOS ANGELES, Dec 17- Top U.S. movie theater chains are delaying plans to show Sony Pictures' North Korea parody "The Interview" on Wednesday following threats made on cinemas showing the film by a hacking group that waged a cyberattack on the Hollywood studio. Regal joins Carmike Cinemas, operator of 278 theaters across 41 states, which informed Sony late Tuesday it...

  • NEW YORK/ WASHINGTON, Dec 17- The China unit of Avon Products Inc pleaded guilty on Wednesday in connection with a bribery scheme and Avon agreed to pay $135 million to resolve related civil and criminal charges. "Avon China's conduct in this regard was wrong and violated its own policies and the policies of Avon Products Inc," Benjamin said. The SEC said Avon made...

  • Sony cancels 'The Interview' Dec. 25 release Wednesday, 17 Dec 2014 | 3:28 PM ET

    A U.S. official said Wednesday that federal investigators have now connected the Sony hacking to North Korea and are expected to make an announcement in the near future. Sony said it was cancelling "The Interview" release "in light of the decision by the majority of our exhibitors not to show the film. Earlier Wednesday, Regal Cinemas, AMC Entertainment and...

  • NEW YORK, Dec 17- U.S. stock prices jumped and the dollar strengthened on Wednesday after the Federal Reserve signaled America's economy was strong enough to handle interest rate hikes at some point in 2015, but emphasized that shifts in policy would be gradual. Wall Street, coming off three days of declines, had risen with steep gains in energy stocks even before...

  • *Gold steadies after choppy session on Tuesday. NEW YORK/ LONDON, Dec 17- Gold turned lower on Wednesday, after briefly climbing above $1,200 per ounce following the U.S. "It's open to a lot of interpretation as far as gold is concerned," said James Steel, chief metals analyst for HSBC Securities in New York, referring to the Fed's statement.

  • NEW YORK, Dec 17- The U.S. dollar rallied against major currencies after the Federal Reserve's latest policy statement and comments from Fed Chair Janet Yellen signaled the central bank was on track to hike rates next year. The euro was last down 1.28 percent against the dollar at $1.2346 after hitting $1.2322, its lowest level against the greenback since Dec. 9.