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Top News & Analysis New York City

  • July 23- Private equity firm KKR& Co LLP is nearing an all-cash deal to acquire WebMD Health Corp, a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday. The deal would bring under one roof WebMD's websites, such as WebMD.com, Medscape.com and MedicineNet.com, with those owned by another KKR...

  • NEW YORK, July 21- Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov. 8 election of Donald Trump as U.S. president, are facing weak earnings forecasts, little progress on tax reform and recent outflows.

  • HONOLULU— A high-rise fire recently claimed the lives of three people in Honolulu, and the apartment building where the blaze broke out had no fire sprinklers. Residential high-rise buildings must install sprinkler systems if the building undergoes significant renovations, according to the city Department of Buildings. For older high-rise buildings, most...

  • Broth and soup maker Pacific Foods is being bought by Campbell Soup for $700 million, the latest example of a big packaged food maker acquiring a smaller maker of products that are seen as fresher or more wholesome. Though Campbell introduced some organic soups under its own name in 2015, it says Oregon- based Pacific Foods is more of a leader in that area.

  • HONOLULU— When Moon Yun Pellerin's parents bought a 27th- floor apartment in a high-rise overlooking Waikiki about 15 years ago, they didn't realize the wave-shaped building had no fire sprinklers. The Marco Polo Apartments were built in 1971, before sprinklers became mandatory for new construction in Honolulu. Many— including New York, Chicago, Dallas and San...

  • NEW YORK— A battle between two New York billionaires has been holding up a plan to replace a crumbling pier on Manhattan's Hudson River waterfront with an avant-garde park on pilings rising above the riverbed. Proponents and opponents of the $250 million project plan to meet Monday to try and reach a settlement that would avoid more legal action in a conflict...

  • NEW DELHI, July 22- The state government in India's capital told Philip Morris International Inc and other tobacco companies on Saturday to remove all advertisements from tobacco shops in the city, warning them of legal action if they do not comply. The order, sent by Delhi state's chief tobacco control officer S. K. Arora, comes days after Reuters reported that...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • WASHINGTON— White House press secretary Sean Spicer abruptly resigned Friday over President Donald Trump's decision to tap a camera-ready financier to lead the beleaguered White House communications team. Spicer, whose daily briefings once dominated cable television and delighted late-night comics, quit in protest over the hiring of Anthony...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organised by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. **BERLIN- ECB's Executive Board Member Sabine Lautenschlager gives speech at book presentation "100 Years of Women's Vote" organized by Juristinnenbund and Bundesministerium der Justiz in Berlin, Germany 1530 GMT. TOKYO- Bank of Japan Deputy Governor...

  • NEW YORK, July 21- Deutsche Bank AG and JPMorgan Chase& Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The preliminary settlements, totaling $77 million for Deutsche Bank and $71 million for JPMorgan, were...

  • WASHINGTON— President Donald Trump's son-in-law and senior adviser Jared Kushner "inadvertently omitted" more than 70 assets worth at least $10.6 million from his personal financial disclosure reports, according to revised paperwork released Friday. Among the new set of assets Kushner disclosed, which could be worth as much as $51 million, he reported...

  • Scaramucci drew from his working-class New York roots to explain Trump's appeal. The man known on Wall Street as "the Mooch" is now tasked with crafting the president's communications strategy amid escalating political crises and sinking popularity. But for all his passionate defense of Trump in recent months, Scaramucci becomes one of the least experienced...

  • General Electric Co., down 78 cents to $25.91. Capital One Financial Corp., up $6.93 to $87.94. Visa Inc., up $1.49 to $99.60.

  • Treasury bills due to be repaid in October faced their worst weekly performance since March on concerns that debt payments may be delayed if Congress fails to raise the nations debt limit before the government runs out of money. The Congressional Budget Office said last month that Congress would need to raise the debt limit by early to mid-October to avoid a...

  • NEW YORK— U.S. stocks finished barely lower Friday as energy companies fell with oil prices and a 10- day rally for technology companies came to an end. But Wall Street mostly avoided the sharp losses that hit European stocks. The Russell 2000 index of smaller-company stocks gave up 6.52 points, or 0.5 percent, to 1,435.84.

  • NEW YORK— Wells Fargo is being ordered to reinstate a branch manager it fired in 2011 after the employee tried to blow the whistle on the bank's growing sales practices scandal. The Department of Labor on Friday also ordered Wells Fargo to pay $577,500 in back wages. Wells Fargo fired a California- based branch manager in September 2011 when the manager raised...

  • NEW YORK— The U.S. government said Friday it is seeking dismissal of criminal charges against two ex-traders at JPMorgan Chase& Co. in a scandal that caused over $6 billion in losses after a trader known as the "London Whale" became an unreliable witness. Both are former derivatives traders who were criminally charged in September 2013 with conspiring to falsify...