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Top News & Analysis New York City

  • NEW YORK— Coke says it supports the World Health Organization's guidelines for limiting added sugar, as the company works on repairing its image in public health circles and reshaping its business. Incoming CEO James Quincey also said the company has "outgrown" its namesake cola and is focusing on becoming a "total beverage company." Coca-Cola Co., based in...

  • NEW YORK, Feb 23- U.S. "There are more questions being raised in general across all markets about how deeply or quickly the new administration would have an impact on the economy," said Dominic Pappalardo, director of taxable portfolio management at McDonnell Investment Management in Oakbrook Terrace, Illinois. Treasury Secretary Steven Mnuchin spoke on...

  • NEW YORK, Feb 23- Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc shareholders. The letter, slated for release around 8 a.m. EST on Saturday, will probably focus on familiar themes for the 86- year-old Buffett, with many...

  • *Eyes still on French politics as poll shows Le Pen gains. The dollar fell as much as 0.6 percent against the yen to a two-week low of 112.55 yen, while the euro rose as much as 0.4 percent against the dollar to $1.0595. Treasury Secretary Steven Mnuchin told Fox Business Network that any policy steps the Trump administration takes would likely have a limited impact...

  • NEW YORK— Tax time means many mutual-fund investors are paying the bill for their funds' past successes, even ones that predate their own investment. Anyone with a fund in a taxable account is now sitting down with their 1099 forms, or will be by April 18. It's encouraging for investors, particularly when strategists along Wall Street are forecasting weaker...

  • *Investors look to Trump's address to Congress on Feb. 28. NEW YORK/ LONDON, Feb 23- Gold prices rose 1 percent to a 3-1/ 2- month high on Thursday after minutes from the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike in March, lowering U.S. bond yields and pressuring the dollar. since Feb. 6, and was up 1 percent at $1,249.36...

  • NEW YORK, Feb 23- The former chief executive officer of Comverse Technology Inc, who returned to the United States last year after spending a decade in Namibia to avoid prosecution, was sentenced to 2-1/ 2 years in prison on Thursday for engaging in securities fraud. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, was sentenced by...

  • NEW YORK, Feb 23- U.S. crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday. With those two together, the U.S. is becoming an export juggernaut, "said John Kilduff, partner at New York energy hedge...

  • CANNON BALL, N.D., Feb 23- More than a dozen of a dwindling number of protesters at a camp near the site of the Dakota Access pipeline were arrested on Thursday after defying a previous deadline set by authorities to vacate the Army- owned land. About a dozen Humvee vehicles had entered the camp and a helicopter hovered overhead, with more police officers and National...

  • WASHINGTON, Feb 23- The U.S. Treasury Department said it will extend its search for criminals who seek to launder money by buying U.S. real estate. Treasury Department Financial Crimes Enforcement Network will extend for 180 days a rule ordering title insurance companies to report to authorities all-cash purchases in parts of California, Texas, Florida and New...

  • CANNON BALL, N.D., Feb 23- The number of protesters at a camp near the site of the Dakota Access pipeline dwindled to around a dozen on Thursday, with those still there defying a previous deadline set by authorities to vacate the Army- owned land. Armored vehicles were parked near the camp in Cannon Ball, North Dakota, and members of the Army Corps of Engineers, which owns...

  • WASHINGTON, Feb 23- The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/ 2- year low in a sign of a strengthening labor market. "All indications are that job creation remains solid, underscoring the resiliency of the nearly eight-year economic recovery,"...

  • MONTREAL/ NEW YORK, Feb 23- Canada's Gildan Activewear plans to keep making key styles from its recently acquired American Apparel brand in the United States but will also manufacture some products elsewhere, a company spokesman said on Thursday. Keeping jobs in the United States has become a hot-button political issue since President Donald Trump...

  • NEW YORK, Feb 23- U.S. crude oil stockpiles rose last week for a seventh straight week but less than forecast, while gasoline inventories fell far more than expected as refineries cut output, the Energy Information Administration said on Thursday. By 11:30 a.m. EST or half an hour after the report, however, U.S. crude futures pared gains to 1.5 percent at $54.40 a...

  • Feb 23- Norwegian Air Shuttle ASA plans to offer transatlantic flights on 10 new routes between the United States and Europe with tickets starting at $65 one way, putting pressure on U.S. and European rivals to compete, it said on Thursday. Norwegian's $65 fares will be for a one-way ticket to UK and Irish destinations from smaller airports in New York state,...

  • NEW YORK, Feb 23- Global stock prices posted record highs for a third straight session on Thursday, propelled by an oil rally after a surprise drop in U.S. crude inventories and comments by U.S. Treasury Secretary Steven Mnuchin about pursuing significant tax reform. This outlook for policy accommodation lifted gold prices to a three-month high near $1,250 an...

  • WASHINGTON, Feb 23- The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/ 2- year low in a sign of a strengthening labor market. "All indications are that job creation remains solid, underscoring the resiliency of the nearly eight-year economic recovery,"...

  • In an email to NYSE traders, the exchange said it would offer a "weekend production testing opportunity" on Feb. 25 for firms to "exercise their IPO trading logic." The stakes are high for NYSE in handling the closely-watched offering for Snap, which runs popular messaging app Snapchat. "It's a big deal and they clearly want to make sure it goes smoothly- you can't fault...

  • NEW YORK, Feb 23- Yields on U.S. Treasury Secretary Steven Mnuchin said he wants to see a major tax plan passed before Congress by August, but failed to give details about it. "People are thirsty for details on what the tax plan is going to be," said Tom Simons, money market economist at Jefferies in New York.

  • The Standard& Poor's 500 index added 2 points, or 0.1 percent, to 2,364. The Nasdaq composite lost 26 points, or 0.5 percent, to 5,834. The Russell 2000 index of smaller-company stocks tumbled 10 points, or 0.7 percent, to 1,393.. They've made big gains since November as investors expect the Trump administration and Republican Congress to ramp up spending on...