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Top News & Analysis New York City

  • Net income rose to $673.9 million, or $13.47 per share, in the fourth quarter ended Dec. 31, from $504.3 million, or $10 per share, a year earlier. "recorded accelerating growth in room nights booked for the full year 2016 over 2015, which reflects the benefits of our scaled accommodations platform and strong execution by our global teams," Chief Executive Glenn Fogel...

  • Feb 27- Drugmaker Perrigo Co Plc said on Monday it agreed to sell the royalty stream from its multiple sclerosis drug Tysabri to privately held Royalty Pharma for up to $2.85 billion. The deal with Royalty Pharma comprises $2.2 billion in cash at closing and up to $650 million in potential milestone payments, according to a statement by Perrigo, which confirmed...

  • NEW YORK, Feb 27- A trader who touted the stock of ForceField Energy Inc on television while being paid kickbacks to endorse the LED lighting provider pleaded guilty on Monday to a conspiracy charge, related to a fraud that cost investors $131 million, federal prosecutors said. Herschel Knippa, the owner and head trader at Kenai Capital Management LLC in Dallas,...

  • A judge has dismissed a lawsuit that accused Wal-Mart's Mexico operations of misleading shareholders during an alleged bribery scheme. The federal judge in New York on Monday rejected shareholder claims that former Wal-Mart executives knew about bribery allegations or should have known. The allegations spurred federal investigations in the U.S. and...

  • In a gaffe on Sunday that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, presenters Warren Beatty and Faye Dunaway were handed the wrong envelope for the movie industry's top award. The Wall Street Journal and celebrity website TMZ.com reported on Monday that one of the PricewaterhouseCoopers accountants responsible...

  • AES Corp., down 79 cents to $11.14. Kroger Co., down $1.07 to $32.22. Tegna Inc., up 86 cents to $25.66.

  • Feb 27- ABC's Sunday night broadcast of the Academy Awards hosted by comic Jimmy Kimmel drew the smallest audience since 2008 despite a memorable ending that will go down in history. Some 32.9 million U.S. viewers watched the ceremony, a 4 percent drop from the 2016 Oscars which drew 34.4 million viewers, according to Nielsen data released on Monday by ABC, a unit of...

  • TORONTO/ NEW YORK, Feb 27- Milestone Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C $1.7 billion, is in talks with the U.S. private investment firm about raising its bid, people familiar with the situation told Reuters. Milestones units, which were unchanged before the Reuters report, rose as much as 2.7...

  • *Trump to address joint session of Congress on Tuesday. NEW YORK, Feb 27- Wall Street closed slightly higher on Monday and U.S. While many investors were hoping Trump would unveil details of pro-business policies including tax reform, cash repatriation or infrastructure spending during his address to Congress Tuesday night, others were not ready to make new...

  • *Investors await Trump speech to joint session of Congress. NEW YORK, Feb 27- U.S. Treasury Secretary Steven Mnuchin said on Sunday Trump would use a major policy speech to a joint session of Congress to preview some elements of his sweeping plans to cut taxes for the middle class, simplify the tax system and make U.S. companies more globally competitive, with lower...

  • LOS ANGELES, Feb 27- Accountants and Oscar officials on Monday were investigating how a meticulous procedure for announcing Academy Awards winners went disastrously awry, snatching a best picture victory from musical "La La Land" and handing it instead to "Moonlight." In a gaffe on Sunday that stunned the Dolby Theatre crowd in Hollywood and a television...

  • Feb 27- Gregory Abel, chief executive of the energy unit of Warren Buffett's Berkshire Hathaway Inc, was awarded $17.52 million in compensation last year, mainly in the form of a bonus, a regulatory filing shows. He also got a $1 million salary plus $1.52 million of other awards. The total amount was down from $40.77 million in 2015, which included $39.5 million of...

  • NEW YORK, Feb 27- The U.S. dollar was steady against a basket of currencies on Monday ahead of a busy week that will include a speech by U.S. Treasury Secretary Steven Mnuchin said on Sunday that Trump, in an address to Congress on Tuesday, will preview some elements of his plans to cut taxes for the middle class, simplify the tax system and make U.S. companies more...

  • *Trump addresses joint session of Congress on Tuesday. NEW YORK, Feb 27- Wall Street rose slightly on Monday and U.S. While many investors were hoping Trump would unveil details on pro-business policies including tax reform, cash repatriation or infrastructure spending during his address to Congress Tuesday night, others were not ready to make new bets as they...

  • *UAE and Iraq pledge to catch up with output cut targets. *Iran, Libya and Nigeria remain exempt from OPEC production cuts. NEW YORK, Feb 27- Oil prices ended little changed on Monday as the prospect for U.S. crude production to continue growing offset reports of high compliance to the OPEC production cut agreement and record bullish bets that prices would rise...

  • NEW YORK/ LONDON, Feb 27- Gold fell after tapping a 3-1/ 2- month high on Monday as U.S. ounce by 2:43 p.m. EST, after rising to $1,263.80, the highest since Nov. 11, but prices failed to hold above the 200- day moving average at $1,260.74. Trump is due to address Congress on Tuesday.

  • TORONTO/ NEW YORK, Feb 27- Milestone Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C $1.7 billion, is in talks with the U.S. private investment firm about raising its bid, people familiar with the situation told Reuters. Milestones units, which were unchanged before the Reuters report, rose as much as 2.7...

  • In a mistake that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, presenters Warren Beatty and Faye Dunaway at first said the winner was romantic musical "La La Land," the presumed best picture favorite. Just days before the Oscars, Cullinan told the Huffington Post in an interview that the procedure for dealing with the...

  • Feb 27- U.S. stocks struggled to find direction in early afternoon trading on Monday, shortly after the S&P 500 and the Dow hit record intraday highs on President Donald Trump's comments of a "big" infrastructure statement on Tuesday. Trump's first address to a joint session of Congress on Tuesday evening is being closely watched by investors for clues on how he...

  • NEW YORK— AT&T's $85 billion purchase of Time Warner may be getting an easier path to approval after the chief telecommunications regulator says it isn't likely to review the deal. AT&T's takeover of that station would have meant an FCC review. FCC spokesman Neil Grace confirmed Pai's comments to The Associated Press.