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Top News & Analysis New York City

  • ALBANY, N.Y.— New York Gov. Andrew Cuomo wants to cut $25 million from 39 public health programs that fight cancer, diabetes and other conditions. Liz Krueger, of Manhattan, says the governor should specify which programs will be cut before the budget is approved.

  • NEW YORK, Feb 22- The euro recovered from its weakest level against the dollar in six weeks on Wednesday after far-right French presidential candidate Marine Le Pen's perceived chances of winning fell, reducing concerns given the candidate's anti-EU stance. The euro was last up 0.2 percent against the dollar at $1.0554, recovering a 0.4 percent loss that...

  • A member of the Iraqi security forces uses a wireless radio as he mans a turret on an armed vehicle in the village of al-Buseif, south of Mosul, during an offensive by Iraqi forces to retake the western side of the city from Islamic State (IS) group fighters on February 22, 2017.

    Here are some of the key stories CNBC is following this hour.

  • NEW YORK, Feb 22- Getting financial advice on complicated insurance products is, well, complicated. Most life insurance with investment options, long-term care insurance and annuity products come with a dizzying array of options and many pages of fine print, the merits of which are debatable for your bottom line. "The complexity of some insurance products has...

  • NEW YORK, Feb 22- Getting financial advice on complicated insurance products is, well, complicated. Most life insurance with investment options, long-term care insurance and annuity products come with a dizzying array of options and many pages of fine print, the merits of which are debatable for your bottom line. "The complexity of some insurance products has...

  • NEW YORK, Feb 22- Getting financial advice on complicated insurance products is, well, complicated. Most life insurance with investment options, long-term care insurance and annuity products come with a dizzying array of options and many pages of fine print, the merits of which are debatable for your bottom line. "The complexity of some insurance products has...

  • NEW YORK, Feb 22- Getting financial advice on complicated insurance products is, well, complicated. Most life insurance with investment options, long-term care insurance and annuity products come with a dizzying array of options and many pages of fine print, the merits of which are debatable for your bottom line. "The complexity of some insurance products has...

  • "It has been hard for us to keep up, with lots of folks running backup for each other," says Brandon Dudley, vice president of the Chicago- based company that arranges bus charters for events ranging from nights on the town to long-distance trips. In its latest report, the U.S. Centers for Disease Control and Prevention said 35 states had moderate to high levels of flu...

  • NEW YORK, Feb 22- The euro hit a six-week low against the dollar on Wednesday on concern over France's presidential election campaign, a growing gap between U.S. and euro zone interest rates and the increasing risk of a rate increase from the Federal Reserve in March. The euro fell below $1.05 for the first time in six weeks to $1.0494 in early trading.

  • The Standard& Poor's 500 index lost 3 points, or 0.1 percent, to 2,362. The Nasdaq composite shed 8 points, or 0.1 percent, to 5,857. The Russell 2000 index of small-company stocks slid 6 points, or 0.4 percent, to 1,404.. ACTIVISTS STAY BUSY: Drugmaker Bristol- Myers Squibb rose 84 cents, or 1.5 percent, to $55.62 after the Wall Street Journal reported that billionaire...

  • *Listing of Aramco could raise up to $100 billion. Industrial and Commercial Bank of China International Holdings, a wholly-owned Hong Kong- based subsidiary of Industrial and Commercial Bank of China, and China International Capital Corporation are among the Chinese banks pitching for the deal, two other sources familiar with the matter said.

  • LONDON, Feb 22- A former Barclays trader had his jail term for conspiring to rig global Libor interest rates cut by one year to five-and-a-half years by the Court of Appeal in London on Wednesday. Merchant is the second person to have a Libor-related sentence reduced by London's Court of Appeal. Hayes is also challenging a plan by the UK regulator to ban him from...

  • NEW YORK— The latest on developments in financial markets:. Newfield Exploration sank 7 percent. Newmont Mining dropped 6 percent after reporting earnings that were weaker than Wall Street analysts were expecting.

  • Shares rose 1.8 percent to $64.00 in pre-market trading on Wednesday. "The underlying satellite business continued to underperform," said Spencer Kurn, an analyst at New Street Research. Craig Moffett, an analyst at MoffettNathanson, estimated that Dish lost 245,000 satellite subscribers in the fourth quarter. "

  • NEW YORK— Unilever is reviewing options after rival Kraft Heinz withdrew a $143 billion takeover offer. Unilever and Kraft Heinz said in a joint press release on Sunday that Kraft Heinz had "amicably" abandoned its offer. The deal that was withdrawn would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands,...

  • NEW YORK _ Ares Capital Corp. on Wednesday reported fourth-quarter net income of $75 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Ares Capital shares have risen slightly more than 7 percent since the beginning of the year.

  • PARIS, Feb 22- AccorHotels, Europe's largest hotelier, posted a record operating profit for 2016, which beat expectations, as restructuring efforts paid off and robust demand in Germany and Britain offset weakness in France. Having recruited former French President Nicolas Sarkozy to head its international strategy, AccorHotels said it was moving along...

  • *The Fed will release the minutes of its Jan. 31- Feb. 1 meeting at 2:00 p.m. ET, which could offer clues on whether the central bank will raise rates in March. *Policymakers, including Fed Chair Janet Yellen, have been stoking the possibility of a rate hike sooner than later. *Also on investors' minds is how the Fed views uncertainty regarding economic policy under...

  • LONDON, Feb 22- Wall Street's record run helped emerging stocks sail to new 19- month highs on Wednesday with year-to-date gains of over 10 percent, while the rand firmed ahead of a key budget speech by the finance minister. MSCI's emerging equity index firmed half a percent, led by a 1 percent rise in Hong Kong after New York shares hit record highs and European...

  • *Listing of Aramco could raise up to $100 billion. The U.S. banks have joined boutique investment bank Moelis& Co in being tapped for coveted roles in what is expected to be the world's biggest intial public offering worth some $100 billion. Up to 5 percent of the world's largest oil producer is likely to be listed on both the Saudi stock exchange in Riyadh and on one...