GO
Loading...

New York City

More

  • NEW YORK, March 2- Citigroup Inc expects its revenue from fixed-income and equity markets to decline in the first quarter from a year earlier, largely because of a slow start in spread products and a hit during the January revaluation of the Swiss currency, Chief Financial Officer John Gerspach said on Monday. Citigroup still expects to meet 2015 targets it set...

  • NEW YORK, March 2- It may be by far the most valuable American company but Apple Inc still can't get into at least one exclusive club- the 30- member Dow Jones Industrial Average. That may not be a problem for the company behind the iPhone and the iPad, after all Apple shares recently hit record highs. If Apple had replaced a badly lagging stock such as IBM, which has...

  • Norfolk Southern names James Squires as CEO Monday, 2 Mar 2015 | 10:12 AM ET

    NEW YORK— Norfolk Southern has named company President James Squires as its next CEO. Squires, 53, joined Norfolk Southern in 1992. He has held several positions in the law department. Shares of Norfolk Southern Corp., based in Norfolk, Virginia, rose 58 cents to $109.74 in morning trading Monday.

  • U.S. manufacturing growth slows to 13-month low -ISM Monday, 2 Mar 2015 | 10:00 AM ET

    NEW YORK, March 2- The pace of U.S. manufacturing growth fell in February to its slowest in 13 months, according to an industry report released on Monday. The Institute for Supply Management said its index of national factory activity fell to 52.9 from 53.5 the month before. The reading was shy of expectations of 53.1, according to a Reuters poll of economists, and was...

  • NEW YORK— Activist investor Carl Icahn has withdrawn his nominees to the board of Gannett Co., ending a proxy fight with the USA Today publisher ahead of its planned split of its print and broadcast divisions. However, in a Monday filing with the Securities and Exchange Commission, Icahn said he had reached an agreement with Gannett over corporate governance...

  • CHIPPY: NXP Semiconductors said Sunday it's planning to acquire Freescale Semiconductor in an $11.8 billion deal. Freescale soared $3.34, or 10 percent, to $39.45. MERGER MONDAY: Hewlett-Packard announced an agreement to buy Aruba Networks, a company that makes Wi-Fi systems for shopping malls and hotels, for $2.7 billion.

  • *Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..

  • *Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..

  • NEW YORK, March 2- U.S. Personal income rose by 0.3 percent in January though personal consumption fell by 0.2 percent, the U.S. Commerce Department said. It looks like that didn't really happen, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • Ambac posts 4Q profit Monday, 2 Mar 2015 | 8:51 AM ET

    NEW YORK _ Ambac Financial Group Inc. on Monday reported fourth-quarter profit of $453.6 million. On a per-share basis, the New York- based company said it had net income of $9.73. For the year, the company reported profit of $484.1 million, or $10.31 per share.

  • NEW YORK— Shares of Lumber Liquidators are sliding in Monday premarket trading following a report on "60 Minutes" that the company's laminate flooring made in China may not meet California's health and safety standards. The "60 Minutes" report, which aired on CBS on Sunday, said that Lumber Liquidators' laminate flooring made in China contains high levels of...

  • Forbes says that Bill Gates's net worth rose to $79.2 billion in 2015 from $76 billion last year. The co-founder of Microsoft Corp. has topped the list for 16 of the last 21 years. In second place is telecom mogul Carlos Slim Helu, with a net worth of $77.1 billion.

  • Newcastle Investment reports 4Q results Monday, 2 Mar 2015 | 8:42 AM ET

    NEW YORK _ Newcastle Investment Corp. on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in New York, said it had funds from operations of $11 million, or 17 cents per share, in the period. The real estate investment trust, based in New York, posted revenue of $4.6 million in the period.

  • Costco strikes credit card deal with Citi, Visa Monday, 2 Mar 2015 | 8:36 AM ET

    NEW YORK— Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. Costco and American Express ended their partnership after failing to reach an agreement on renewal terms. Costco says the deal with Visa and American Express would take effect the next day.

  • Sotheby's misses 4Q profit forecasts Monday, 2 Mar 2015 | 8:18 AM ET

    NEW YORK _ Sotheby's on Monday reported fourth-quarter net income of $74 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share. Analysts expected $333.3 million, according to Zacks.

  • NEW YORK, March 2- From its tower on Wall Street, Deutsche Bank enjoys a commanding view of lower Manhattan. That helped it close the global revenue gap with rivals like JP Morgan and Bank of America Merrill Lynch and put it within striking distance of No. 5- ranked Citigroup. It wants to take on U.S. investment banks on their turf and in February for example poached...

  • NEW YORK— Veronica Roth fans can start the countdown. The "Divergent" author is set to write a new two-book series, HarperCollins Children's Books told The Associated Press on Monday. The books currently are untitled, with the first one expected in 2017 and the next in 2018..

  • NEW YORK _ American Realty Capital Properties Inc. on Monday reported a key measure of profitability in its third quarter, after reporting a loss in the same period a year earlier. The New York- based real estate investment trust said it had funds from operations of $244.5 million, or 26 cents per share, in the period. Analysts expected $360.6 million, according to...

  • Intercept misses 4Q profit forecasts Monday, 2 Mar 2015 | 6:21 AM ET

    NEW YORK _ Intercept Pharmaceuticals Inc. on Monday reported break-even earnings in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of $1.53 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK— The last time the Nasdaq was this high, Bill Clinton was president, Microsoft dominated the tech world and the iPod, iPhone and iPad didn't exist. The index has clawed back, riding a six-year bull market, and is less than 100 points from its all-time high of 5,048.62 reached March 10, 2000. "Certainly, the Nasdaq at 5,000 conjures up images of a tech bubble," said...