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Top News & Analysis New York City

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  • Platinum, palladium fall on oversupply, weak China demand. NEW YORK/ LONDON, Aug 4- Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Gold prices fell from their highs after Atlanta Federal Reserve President Dennis Lockhart said it would take "significant deterioration" in the U.S. economy for him to not support a...

  • *Utilities lead declines on Wall Street. The dollar rose sharply against the euro after Federal Reserve Bank of Atlanta President Dennis Lockhart, a member of the Fed's policy setting committee who typically votes with the core, told the Wall Street Journal it would take a sharp turn for the worst in economic data to change his view in support of a rate hike after...

  • Aug 4- Sprint Corp reported a much smaller-than-expected quarterly loss on Tuesday, and majority owner SoftBank Corp assuaged investors' concerns by saying it had no plans to sell its stake in the wireless carrier. However, SoftBank will set up a leasing company with other partners to finance payments of devices leased by Sprint customers, Masayoshi Son, the...

  • There have been no reports of injuries, the U.S. Consumer Product Safety Commission said Tuesday. The recall is for John Deere models D110, D125, D130, D140, D155, D160 and D170 with serial numbers beginning with 1 GXD. Deere& Co., based in Moline, Illinois, said customers should stop using the tractors and contact the company for a free repair.

  • BOSTON, Aug 4- Investment manager Och-Ziff Capital Management Group LLC reported a higher-than-expected quarterly profit, benefiting from strong returns in its global portfolios, and the investment manager's shares rose more than 3 percent. New York- based Och-Ziff, one of a handful of publicly traded hedge fund companies, said its assets shrunk to $46.5...

  • Texaco filed several lawsuits in the 1990 s accusing Ecuador of violating the contract. Calls for comment to a lawyer for Ecuador and the Ecuadorean embassy in Washington were not immediately returned. In the case at hand, Chevron initiated an arbitration proceeding at The Hague in 2006, claiming the Ecuadorean courts failed to resolve the lawsuits in a...

  • Aug 4- U.S. fertilizer company Mosaic Co reported a much higher-than-expected quarterly profit on Tuesday, helped by strong phosphates sales and improved potash prices. The move completes the changing of the guard at North America's biggest fertilizer companies, following Potash Corp of Saskatchewan, Agrium Inc and CF Industries. Opportunities to buy...

  • NEW YORK, Aug 4- Global crude prices advanced from multimonth lows on Tuesday after stock market gains in No. 2 oil consumer China, but the rebound is unlikely to have traction due to weakening demand and growing oversupply, traders and analysts said. The U.S. Energy Information Administration, the Paris- based International Energy Agency and the Organization of...

  • NEW YORK— A federal appeals court in New York has reinstated a lawsuit by truckers claiming the New York State Thruway Authority charges excessive tolls. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled Tuesday. Three commercial trucking companies and their national trade association claimed the Thruway Authority violates the U.S.

  • NEW YORK— The Manhattan Group is recalling about 2,800 My Snuggly Ellie activity toys because a wooden ring can break into small pieces, posing a choking hazard. Approximately 2,700 of the toys were sold in the U.S. and 100 were sold in Canada. The product sold for about $10 at specialty toy and baby stores nationwide and online at www.manhattantoy.com from...

  • HARTFORD, Conn.— Rapper 50 Cent owns seven cars valued at more than $500,000 and pays $72,000 a month to maintain his Connecticut mansion, according to bankruptcy court filings. It's listed in papers filed Monday in a Connecticut court at nearly $8.3 million. The filings show losses of more than $10 million in 2013 and 2014, with expenses outstripping income and...

  • *Stability in China shares, oil prices reduces safety bids. NEW YORK, Aug 4- U.S. "There isn't as much of a safe-haven bid," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York.

  • *Disappointing U.S. data raise doubts on rate hike in Sept. NEW YORK, Aug 4- The dollar was little changed against a basket of currencies on Tuesday following a batch of disappointing economic data, while currencies tied to commodities rebounded on a stabilization in oil and metal prices that had fallen sharply in recent weeks. "It's been a quiet day with most major...

  • NEW YORK, Aug 4- Warren Buffett and Bill Gates have nothing on Jacob Fugger, a German financier during the Renaissance who monopolized the silver business, became the banker of kings, convinced the papacy to legalize moneylending and paved the way for today's bond market. At the height of his career in the 16th century, Fugger accumulated a fortune amounting to a...

  • NEW YORK _ MFA Financial Inc. on Tuesday reported second-quarter profit of $78.1 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 20 cents per share. MFA Financial shares have fallen nearly 6 percent since the beginning of the year.

  • NEW YORK _ Medallion Financial Corp. on Tuesday reported second-quarter profit of $8.1 million. Medallion Financial shares have declined 22 percent since the beginning of the year. Keywords: Medallion Financial, Earnings Report.

  • IStar reports 2Q loss 7 Hours Ago

    NEW YORK _ IStar Financial Inc. on Tuesday reported a loss of $19.1 million in its second quarter. The New York- based company said it had a loss of 36 cents per share. Keywords: iStar Financial, Earnings Report.

  • NEW YORK— The Irish drugmaker Shire PLC Is offering to buy Baxalta for about $30 billion in stock as it attempts to solidify its strengthening position in rare disease treatments. Earlier this year, Shire said it would pay $5.2 billion to acquire NPS Pharmaceuticals Inc., which specializes in drugs for rare conditions. Baxalta, a Deerfield, Illinois, company spun...

  • Aug 4- Aetna Inc on Tuesday reported a better-than-expected adjusted net profit for the second quarter and said "moderate" medical costs boosted the profitability of its government Medicare and Medicaid plans. The third-largest U.S. health insurer, which is in the process of buying rival Humana Inc, also raised its full-year forecast for adjusted net profit to...

  • NEW YORK _ Ares Capital Corp. on Tuesday reported second-quarter earnings of $146.5 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share. Ares Capital shares have risen slightly more than 2 percent since the beginning of the year.