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Top News & Analysis New York City

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  • NEW YORK, Aug 4- In 1964, Irwin Lipkin became one of the first employees at a small New York trading firm called Bernard L. Madoff Investment Securities. Five decades later, Lipkin, 77, is set to be sentenced on Wednesday in Manhattan federal court for falsifying records, marking the end of the criminal case stemming from the collapse of Madoff's...

  • Countries that import energy, such as the U.S., China, Japan and those in the European Union, are getting an economic boost. Exporters, such as Russia, Saudi Arabia and Venezuela are facing lower income and budget shortfalls. Price: Average for the year through July is $53 a barrel, down 48 percent compared with the same period last year and on track for its lowest annual...

  • HARTFORD, CONN.— Rapper 50 Cent says in a Connecticut bankruptcy court filing he spends $108,000 a month on his expenses, including $5,000 for gardening. But he's paying $72,000 a month to maintain his suburban Hartford mansion. He filed for bankruptcy last month after New York City jurors ordered him to pay $7 million to a woman who said he posted online a crudely...

  • MELBOURNE, Aug 4- London copper slipped back on Tuesday towards six-year lows hit in the previous session after factory reports in China and the U.S. stoked worries about global growth, dragging on most metals. *Three-month copper on the London Metal Exchange dipped 0.3 percent to $5,204 a tonne by 0046 GMT, after closing little changed in the previous session...

  • MANILA, Aug 4- Gold dropped for a third session in four on Tuesday, closing in on a 5-1/ 2- year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year. *Spot gold slipped 0.3 percent to $1,082.8 an ounce by 0042 GMT, near last month's low of $1,077, the weakest since February 2010. *A key global commodities...

  • SEOUL, Aug 4- U.S. crude futures edged higher in early Asia trade on Tuesday, after falling 4 percent in the previous session to their lowest since January as weak factory activity in China deepened a commodity-wide selloff. On Monday the contract settled down $1.95, or 4.1 percent, at $45.17, about $3 above its 2015 bottom with growing concerns over excess global...

  • *U.S., Chinese factory figures drag down Wall Street. TOKYO, Aug 4- Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan's...

  • NEW YORK— Poland lacks probable cause to extradite a Russian art dealer living in New York on criminal charges accusing him of knowing that an 18th- century painting taken from a Polish museum by the Nazis during World War II was stolen property when he inherited it from his father, a judge ruled Monday. District Judge Jed Rakoff in Manhattan rejected the request...

  • NEW YORK, Aug 3- PetroChina Co on Monday won the dismissal of a U.S. class-action lawsuit arising from an alleged bribery scheme at China's state-run oil company. District Judge Edgardo Ramos in Manhattan dismissed claims by PetroChina investors who accused the company and various officials, including former Chairman Jiang Jiemin, of deceiving them about its...

  • NEW YORK _ Rouse Properties Inc. on Monday reported a key measure of profitability in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share. Rouse Properties expects full-year funds from operations to be $1.74 to $1.78 per share.

  • NEW YORK— Shares of MedAssets jumped in aftermarket trading Monday after activist investment firm Starboard Value LP said it had taken a stake in the health care company. Starboard said it believes MedAssets Inc. could boost its share price by cutting expenses, making better capital spending decisions and improving its corporate governance, and said...

  • NEW YORK _ Macquarie Infrastructure Co. on Monday reported a second-quarter loss of $63.1 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • NEW YORK _ On Deck Capital Inc. on Monday reported second-quarter net income of $5 million. For the current quarter ending in September, On Deck Capital said it expects revenue in the range of $61 million to $63 million. On Deck Capital shares have declined 40 percent since the beginning of the year.

  • NEW YORK, Aug 3- New York state's financial watchdog effectively suspended Promontory Financial Group LLC, a prominent consulting firm, from doing regulatory work for banks licensed by the state after finding that it whitewashed reports it gave to authorities. The New York State Department of Financial Services found that Promontory was not sufficiently...

  • District Judge Paul Crotty in Manhattan said Roger Darin, a Swiss citizen, was "flouting judicial process" by remaining in his home country to avoid arrest while sending lawyers to ask the judge to dismiss the case. Darin's lawyers argued he was not a fugitive since he had never fled, let alone appeared, in the United States since the U.S. Justice Department filed its...

  • NEW YORK _ National General Holdings Corp. on Monday reported second-quarter net income of $38.5 million. National General shares have climbed 23 percent since the beginning of the year. Keywords: National General Holdings, Earnings Report.

  • Aug 3- Pacific Investment Management Co said on Monday it may face U.S. Securities and Exchange Commission civil charges over an exchange-traded fund once managed by prominent bond investor Bill Gross. Pimco, a unit of Germany's Allianz SE, said it received a "Wells notice" from the SEC related to its Pimco Total Return Active Exchange-Traded Fund.

  • NEW YORK/ LONDON, Aug 3- A key global commodities price benchmark sank to 12- year lows on Monday as copper and sugar prices hit fresh multi-year lows and oil fell below $50 for the first time in six months, as fears about a hard economic landing in China and global glut deepened. "Weak Chinese data and Iranian braggadocio about 500,000 additional barrels on the...

  • The investment management company said it received a Wells notice, which means SEC investigators are recommending that the agency take civil action against the company. Pimco said it will have an opportunity to demonstrate to the SEC why it believes its actions were appropriate and standard for its industry, and that regulators shouldn't take any action...

  • NEW YORK _ Vornado Realty Trust on Monday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.24 per share. Four analysts surveyed by Zacks expected $619.7 million.