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Top News & Analysis New York City

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  • NEW YORK, July 31- Donald Trump is staking his run for U.S. president in part on a vow to protect American jobs. But this month, one of his companies, the elite Mar-a-Lago Club resort in Florida, applied to import 70 foreign workers to serve as cooks, wait staff and cleaners. Nine companies majority-owned by Trump have sought to bring in foreign waitresses, cooks,...

  • July 31- Puerto Rico will miss a payment on debt due Aug. 1, the governor's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history. According to a 2014 bond offering statement, Puerto Rico has never defaulted on the payment...

  • NEW YORK— Sempra Energy said Friday it will take full control of a Mexican natural gas pipeline business in a deal valued at $1.33 billion. Sempra Energy's Mexican unit, IEnova, owned 50 percent of the Gasoductos de Chihuahua joint venture, and Mexico's state oil company Pemex owned the other half. Sempra Energy said the purchase will add about 5 cents per share to...

  • "We are going to be swimming in even more oil with the way OPEC is pumping," he added. OPEC, the Organization of the Petroleum Exporting Countries, groups Saudi Arabia and some of the biggest oil producers within and outside the Middle East. U.S. government data early this month showed OPEC production at a surplus of 1.77 million bpd, and forecast it to grow to 2.1...

  • NEW YORK— The federal government says health care facilities should stop using Hospira's Symbiq medication infusion pump because of its vulnerability to hacking. The FDA says the computerized pumps could be accessed remotely through a hospital's network, but it doesn't know of any cases where that has happened. Earlier this year the FDA and the Homeland...

  • NEW YORK, July 31- Unless next week's payrolls report is an outlier, investors should expect a continuation of the directionless market that has kept the S&P 500 trading in place for most of the year. But concern about the strength of the economies in China and Europe, along with a slide in energy prices, have made stocks stall. "We're likely to be in first gear, crawling...

  • WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • BOSTON, July 31- The U.S. Food and Drug Administration on Friday advised hospitals not to use Hospira Inc's Symbiq infusion system, saying a security vulnerability could allow cyber attackers to take remote control of the system. Both the FDA and DHS said they know of no cases where such an attack has been launched, but the FDA said in its advisory that it strongly...

  • July 31- Verizon Communications Inc, the largest U.S. wireless service provider, said on Friday there was little progress in negotiations with its wireline unit workers on the U.S. East Coast, ahead of the expiry of the current contracts on Aug. 1. Verizon said on Friday it is ready in the event of a work stoppage. "We're very far apart in negotiations because Verizon a...

  • NEW YORK— Cosmopolitan magazine is apparently too racy to appear without a wrap on Rite Aid drugstore shelves. That lead to a campaign by advocacy group the National Center on Sexual Exploitation and Victoria Hearst, granddaughter of Hearst Corp. founder William Randolph Hearst, urging retailers to keep Cosmo under wraps and out of view of minors.

  • WASHINGTON— Democratic presidential candidate Hillary Rodham Clinton and her husband, former President Bill Clinton, earned more than $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign on Friday. The bulk of the Clintons' income came from speeches delivered to corporate and interest groups by...

  • *Wall Street closes lower, energy stocks drag. NEW YORK, July 31- The dollar fell and benchmark U.S. Wall Street stock prices closed down, after surrendering early gains from the Employment Cost Index data showing the smallest quarterly increase in 33 years.

  • 30)@ (Corrects revenue figure in July 30 story to " $112 million" from " $93.8 million" in paragraph 8). July 30 (Reuters)- Indoor cycling fitness chain SoulCycle Inc filed with U.S. regulators for an initial public offering of common stock, underscoring the rising popularity of boutique chains that cater to specific workout methods such as spinning, yoga and barre.

  • July 31- Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Exxon Mobil shares dropped 4.58 percent while Chevron lost 4.89 percent after reporting poor quarterly earnings due to weak oil prices. That's what this market has been about since we've been in such a tight trading range this...

  • NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $23.89 to $203.26. Hanesbrands Inc., down $3.11 to $31.03.

  • NEW YORK, Aug 2- Shareholders in the AdvisorShares Peritus High Yield ETF who sold in late 2014 are probably not the last to pay up for liquidity risk, a growing hazard for some fixed-income investors bracing for the first Federal Reserve interest rate hike in nearly a decade. Fixed-income high yield ETFs have grown to $37 billion in assets, up from about $10...

  • PHILADELPHIA— The husband of a technology executive killed when a speeding Amtrak train derailed in Philadelphia has sued the railroad for wrongful death. Rachel Jacobs was one of eight people killed May 12 when the train entered a sharp curve at more than twice the 50 mph speed limit. The 39- year-old mother of a 2- year-old son was in the first passenger car,...

  • Judge William Orrick in San Francisco issued a temporary restraining order against the Center for Medical Progress hours after the order was requested by the National Abortion Federation. The National Abortion Federation sued in federal court in San Francisco, alleging the Center for Medical Progress infiltrated its meetings and recorded its members.

  • July 31- Wall Street was mixed on Friday as a drop in energy companies' stocks was offset by expectations the U.S. Exxon Mobil shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings due to weak oil prices. This definitely puts a lower probability on that, "said Stanley Sun, interest rate strategist at Nomura Securities...

  • NEW YORK— Shares of Fluor Corp. skidded Friday after the engineering and construction company slashed its annual profit forecast, saying it isn't getting as many contracts because of the falling price of oil and metals. Fluor now expects a profit of $4.05 to $4.35 per share in 2015. It had forecast a profit of $4.40 to $5 per share. KeyBanc Capital Markets analyst...