The mean income of the top 5 percent of households in Manhattan has soared, giving it the biggest income gap of any U.S. county. The NYT reports.» Read More
NEW YORK— Amazon and eBay should watch their backs. The company controls nearly 80 percent of all e-commerce in China, and founder and chairman Jack Ma has ambitions that go beyond the country's borders. "At the same time we won't abandon Asia, because after all we're not a company from China, we are an Internet company that happens to be in China."
NEW YORK, Sept 18- U.S. That level was last seen in May 2011. Prices for three-year notes were off 4/ 32, taking their yield to 1.117 percent, a level last touched during April 2011.
NEW YORK— A defense lawyer has told a U.S. jury that executives at Jordon-based Arab Bank aren't liable for a series of suicide bombings that killed Americans in Israel in the early 2000 s. Attorney Shand Stephens said on Thursday that there is no proof any of the executives supported terrorism.
NEW YORK— U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while. The Dow Jones industrial average rose 29 points, or 0.2 percent, to 17,186 in early trading Thursday, building on an all-time closing high from the day before.
WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.
NEW YORK— Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said Thursday that is selling 52 of its hotels to a joint venture for about $1.1 billion. The buyers are real estate investment trusts NorthStar Realty Finance Corp. and Chatham Lodging Trust.
*West says Iran cooperation with IAEA needed for nuclear deal. The United States and the European Union said they were concerned about the slow headway so far in the U.N. atomic agency's long-running inquiry into allegations that Iran has worked on designing a nuclear weapon.
Sept 18- ConAgra Foods Inc, the maker of Hunt's Ketchup and Chef's Boyardee pastas, on Thursday reported a higher-than-expected quarterly profit and said its consumer foods business was recovering. Net income rose to $484.5 million, or $1.12 per share, in the first quarter ended on Aug. 24 from $147.2 million, or 34 cents per share, a year earlier.
BRUSSELS— The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.
Net income rose to $484.5 million, or $1.12 per share, from $147.2 million, or 34 cents per share, a year earlier.
NEW YORK— Shares of Pier 1 Imports slumped 11 percent before the opening bell after the home decor retailer cut its outlook for the year and fell short of most second-quarter expectations. Pier 1 Imports Inc. cut its full-year earnings outlook to a range of 95 cents to $1.05 per share.
NEW YORK, Sept 18- U.S. stock index futures were higher in light volume on Thursday, setting up the S&P 500 to test resistance at its record high, a day after the Federal Reserve said interest rates would remain low for a considerable while.
JERUSALEM/ RAMALLAH, West Bank, Sept 18- Most Palestinians have known only two leaders: Yasser Arafat, the stubble-chinned firebrand fond of chequered scarves and olive fatigues, and Mahmoud Abbas, a smooth-shaven father figure who favours Western suits and ties.
VIENNA, Sept 18- The European Union said on Thursday it was disappointed with a lack of progress by Iran in addressing concerns about its suspected atomic bomb research, pressuring Tehran to cooperate with a long-stalled U.N. watchdog inquiry.
BEIJING— Alibaba Group's U.S. stock offering is a wakeup call about an emerging wave of technology giants in China's state-dominated economy. By contrast, private sector tech champions such as Lenovo Group in personal computers and search engine Baidu Inc. survived bruising competition to rise to the top of their industries.
ALBANY, N.Y.— New York is establishing a new commission to support employment of disabled workers. Andrew Cuomo creates the Employment First Commission whose task is to create a state policy for support services that puts competitive, integrated employment first among options.
ALBANY, N.Y.— Benefits for the unemployed are set to go up in New York. Andrew Cuomo said Wednesday that the minimum weekly rate will increase from $64 to $100 and the maximum weekly rate will increase from $405 to $420. The state labor department says New York's unemployment rate was 6.6 percent in July.
Charles Schumer is calling for a so-called "bill of rights" for victims of Social Security identity theft. The New York Democrat said Wednesday that he's pushing legislation that would enhance the penalties for thieves who use a person's Social Security number without their consent.
BEIJING— Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.
Sept 18- Chinese e-commerce giant Alibaba Group Holding Ltd is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world's largest ever initial public offering.