Jay Z is blasting what he calls a shadowy "smear campaign" to bury his music service before it even begins to take off.» Read More
April 27- ESPN sued Verizon Communications on Monday for breach of contract involving a new pay TV offering, as the cable sports network fired the latest volley in a mounting battle with the telecommunications company. ESPN, a unit of Walt Disney Co, said in a legal document sent to the Supreme Court of New York State that Verizon violated its obligations "under...
April 27- Restaurant Brands International Inc said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The two chains are managed as separate brands under parent Restaurant Brands. Tim Hortons, which had struggled with its U.S....
Peltz's Trian Fund Management is pushing DuPont to split into two companies and it has nominated four directors for company the board. ISS on Monday said that shareholders should support Peltz and one of his nominees, John Myers, the former CEO of General Electric Co.' s asset management business. Trian Fund Management owns a 2.7- percent stake in the Dover,...
April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.
*Lynch takes over after protests in Baltimore. *Justice Department is probing use of excessive force. Lynch, 55, takes over as the country's top law enforcement official after a weekend that saw thousands of people in Baltimore take to the streets in mostly peaceful protests over the latest such case.
NEW YORK— U.S. stocks are barely higher at midday as investors look ahead to Apple's results later today and a meeting by the Federal Reserve on interest rates. The Dow Jones industrial average rose 32 points, or 0.2 percent, to 18,113 as of 12 p.m. Eastern time Monday. Along with Apple, more than 150 companies in the S&P 500 will report their quarterly results this week,...
NEW YORK, April 27- A measure of equity markets worldwide hit record highs on Monday as optimism over Greece supported European stocks while U.S. shares added to last week's gains ahead of Apple results and a Federal Reserve policy meeting. MSCI's all-country world stock index, which tracks shares in 45 countries, extended a multi-year rally to a fresh record...
ALBANY, N.Y.— New York state will soon offer English language lessons to Spanish speakers over their mobile phones. Andrew Cuomo announced the pilot program on Monday. A version for Spanish-language users will be introduced first in New York City, the Hudson Valley, North Country and the Finger Lakes.
*Applied Materials falls after merger called off. *Celladon nosedives on lead drug's trial failure. April 27- U.S. stocks rose on Monday morning with the S&P touching a new intraday high and the Nasdaq inching closer to its record intraday high ahead of Apple's results after the close.
April 27- Mylan NV rejected Teva Pharmaceutical Industries Ltd's unsolicited $40 billion takeover offer on Monday, saying it was too low and calling Teva stock an "unacceptable" currency. Mylan, which is pursuing its own takeover of Perrigo Co Plc, had been expected to reject the offer after having indicated that such a combination would not be a good fit.
Colgate-Palmolive Co. fell$. 11 or. 2 percent, to $69.06. Kimberly-Clark Corp. rose$. 06 or. 1 percent, to $111.70. Procter& Gamble Co. rose$. 01 or percent, to $81.01.
ConAgra Foods Inc. fell$. 24 or. 6 percent, to $37.28. General Mills Inc. fell$. 18 or. 3 percent, to $56.20. Hormel Foods Corp. fell$. 05 or. 1 percent, to $54.80.
Caterpillar fell$. 01 or percent, to $84.59. Deere& Co. rose$. 15 or. 2 percent, to $88.54. Terex rose$. 16 or. 6 percent, to $26.84.
Comcast Corp. rose$. 42 or. 7 percent, to $60.06. New York Times Co. fell$. 01 or. 1 percent, to $13.15. Time Warner Inc. fell$. 01 or percent, to $85.35.
American Express Co. fell$. 67 or. 9 percent, to $77.32. Capital One Financial Corp. rose$. 51 or. 6 percent, to $80.95. Discover Financial Services rose$. 14 or. 2 percent, to $58.53.
General Electric Co. rose$. 10 or. 4 percent, to $26.90. Snap-On rose$. 62 or. 4 percent, to $154.55. Whirlpool Corp. rose $2.86 or 1.5 percent, to $199.35.
Brinker International Inc. rose$. 29 or. 5 percent, to $57.88. Chipotle Mexican Grill Inc. rose $7.08 or 1.1 percent, to $644.58. Darden Restaurants Inc. fell$. 18 or. 3 percent, to $66.83.
Apple Inc s rose $2.78 or 2.1 percent, to $133.06. Hewlett Packard Co. fell$. 10 or. 3 percent, to $33.16. International Business Machines Corp. rose$. 66 or. 4 percent, to $170.44.
BP PLC fell$. 06 or. 1 percent, to $43.40. ConocoPhillips rose$. 15 or. 2 percent, to $67.66. Exxon Mobil Corp. rose$. 18 or. 2 percent, to $87.15.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 20 or 1.6 percent, to $12.72. Newmont Mining Corp. rose$. 39 or 1.6 percent, to $25.37.