GO
Loading...

New York City

More

  • *Bank makes provision to settle UK, US foreign exchange probes. LONDON, Oct 30- Barclays Plc set aside 500 million pounds in the third quarter to cover potential fines for rigging currency markets, taking the shine off a rise in profits as its retail business performed well and costs were cut. Barclays is one of six banks in talks with UK regulators to pay about 1.5...

  • Oct 30- Thomson Reuters Corp on Thursday reported a 1 percent rise in revenue because of growth in its Legal and Tax& Accounting businesses. The company said net sales for financial products were positive in the third quarter in all three regions: the Americas, Europe and Asia. Excluding items like tax charges, income was $361 million, or 45 cents per share, compared...

  • Tim Cook: 'I'm proud to be gay' Thursday, 30 Oct 2014 | 7:28 AM ET

    NEW YORK— Apple CEO Tim Cook says he's proud to be gay. The executive said that for years he's been open with many people about his sexual orientation and that plenty of his Apple colleagues know he is gay. Cook is a native of Robertsdale, Alabama, and attended Auburn University.

  • Oct 30- Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets. Economic net income after taxes was $48 million versus $550.9 million a year earlier. This translated into ENI...

  • Orson Welles' last film may finally be released Thursday, 30 Oct 2014 | 7:19 AM ET

    NEW YORK— Orson Welles's last film may finally be nearing release after decades as one of cinema's most storied unfinished creations. The New York Times reported Wednesday that a Los Angeles- based production company, Royal Road Entertainment, has agreed to buy the rights to Welles' largely unseen "The Other Side of the Wind." Information from: The New York Times,...

  • Avon tops 3Q profit forecasts Thursday, 30 Oct 2014 | 7:18 AM ET

    NEW YORK, N.Y.— NEW YORK, N.Y.— Avon Products Inc. on Thursday reported third-quarter profit of $91.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Analysts expected $2.15 billion, according to Zacks.

  • Oct 30- Thomson Reuters Corp on Thursday reported a 1 percent rise in revenue because of growth in its Legal and Tax& Accounting businesses. The news and information company said third-quarter revenue from ongoing businesses was $3.1 billion, compared with analysts' expectations of $3.09 billion, according to Thomson Reuters I/B/E/S. Adjusted for special...

  • L-3 meets 3Q profit forecasts Thursday, 30 Oct 2014 | 7:01 AM ET

    NEW YORK _ L-3 Communications Holdings Inc. on Thursday reported third-quarter earnings of $154 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.85 per share. Analysts expected $2.98 billion, according to Zacks.

  • Subway fare to go up 4 percent next year Thursday, 30 Oct 2014 | 6:58 AM ET

    NEW YORK— The Metropolitan Transportation Authority plans to raise subway and bus fare by 4 percent next year. WNBC-TV says Chairman and CEO Tom Prendergast said Wednesday that the hike would begin in March. It wasn't immediately clear how it would affect base fare, weekly and monthly MetroCards, commuter train passes or pay-per-ride discounts.

  • Piano maker Steinway moving to new Manhattan site Thursday, 30 Oct 2014 | 6:44 AM ET

    NEW YORK— Piano maker Steinway& Sons has announced it will move to a new Manhattan location next year. The move from West 57th Street to West 43rd Street is slated for the end of 2015.. The company says it has signed a 15- year lease for 40,000 square feet of space now occupied by the International Center of Photography.

  • Time Warner Cable 3Q results miss Street's view Thursday, 30 Oct 2014 | 6:18 AM ET

    NEW YORK— Time Warner Cable's third-quarter net income fell 6 percent as its operating costs and expenses grew. Time Warner Cable, which is being acquired by rival Comcast Corp. in a $45 billion all-stock deal, earned $499 million, or $1.76 per share, for the three months ended Sept. 30. The average estimate of analysts surveyed by Zacks Investment Research was for...

  • ExlService Holdings tops 3Q profit forecasts Thursday, 30 Oct 2014 | 6:09 AM ET

    NEW YORK _ ExlService Holdings Inc. on Thursday reported third-quarter profit of $6.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. ExlService Holdings expects full-year earnings in the range of $1.70 to $1.80 per share, with revenue in the range of $514 million to $518 million.

  • Macquarie posts 3Q profit Thursday, 30 Oct 2014 | 5:03 AM ET

    NEW YORK _ Macquarie Infrastructure Co. on Thursday reported profit of $991 million in its third quarter. On a per-share basis, the New York- based company said it had profit of $13.86. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Survey: Shrimp in US rife with murky labeling Thursday, 30 Oct 2014 | 4:29 AM ET

    NEW ORLEANS— Consumers around the nation can't be sure what kind of shrimp they're buying if they simply look at the label or menu at supermarkets, grocers and restaurants, an advocacy group says. Oceana did a DNA-based survey of shrimp sold at outlets in New York City; Washington, D.C.; Portland, Oregon; and various spots around the Gulf of Mexico.

  • Roster of largest TIGER grants Thursday, 30 Oct 2014 | 3:22 AM ET

    The Transportation Department doled out $584 million in September for 72 so-called TIGER grants for transportation projects. —$25 million to help fund a replacement bridge spanning Democratic-held districts in Maine and New Hampshire. —$24 million for the Mountain Parkway in an eastern Kentucky district represented by House Appropriations Committee...

  • *Kiwi slides on softer New Zealand rate outlook. Spreadbetters expected a more stable start for Europe, forecasting an effectively flat open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6 percent.

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • WASHINGTON, Oct 30- A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery. "It was a very good quarter for business investment," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester Pennsylvania. Businesses, with a war chest of...

  • A handful of the Nov. 4 races such as the dead heat in Illinois, possibly the most fiscally dysfunctional state, shape up as de facto referendums on reform and their results could make municipal bond investors alter their bets. "People are not so much voting for governor in some of these states but how they want the pensions addressed," said Craig Brandon, Co-Director...

  • Oct 29- The U.S. Equal Employment Opportunity Commission has sued Honeywell International Inc to stop the company from imposing penalties on employees who refuse to undergo testing under its corporate wellness program. Honeywell employees could be penalized up to $4,000 each, through surcharges and lost contributions to health plans, if they or their...