Top News & Analysis New York City

  • CHICAGO/ MIAMI, Aug 24- Florida Governor Rick Scott said on Wednesday the federal government had so far not delivered all the Zika antibody tests and laboratory support he had requested as the state battles the spread of the virus. On Wednesday, the Florida Department of Health reported a second non-travel related case of Zika in Palm Beach County, bringing the...

  • JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy...

  • WASHINGTON, Aug 24- Pharmaceutical company Mylan NV has won a round in its fight with Teva Pharmaceutical Industries Ltd at the U.S. Teva sells Copaxone based on patents licensed from Yeda Research& Development Co Ltd.. It said that IMS Health, a healthcare information company, estimates sales of the drug to be $3.3 billion annually.

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday and was ordered detained a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered the plea in federal court in Brooklyn, after...

  • CHICAGO, Aug 24- Florida Governor Rick Scott on Wednesday said the federal government has so far not delivered all of the Zika antibody tests and laboratory support he has requested as the state battles the spread of the virus. That followed Tuesday's announcement of Florida's first case of Zika transmitted by mosquitoes in Pinellas County, some 265 miles from...

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax that the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its...

  • NEW YORK, Aug 24- A U.S. appeals court on Wednesday said cash-strapped Puerto Rico cannot force Wal-Mart Stores Inc's affiliate on the island to pay a special corporate tax the retailer claimed was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking Puerto Rico from imposing its alternative...

  • CHICAGO, Aug 24- Florida Governor Rick Scott on Wednesday said the federal government has so far not delivered all of the Zika antibody tests and laboratory support he has requested as the state battles the spread of the virus. That followed Tuesday's announcement of Florida's first case of Zika transmitted by mosquitoes in Pinellas County, some 265 miles from...

  • NEW YORK, Aug 24- Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped 5.4- percent to $43.15 after U.S. presidential candidate Hillary Clinton joined a Senate committee in asking why the cost of its allergy treatment EpiPen had soared.

  • WASHINGTON, Aug 24- U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said...

  • NEW YORK— An accomplished photographer who lets the public use thousands of her images of America for free has sued the Getty Images photo agency for more than $1 billion, saying it's improperly selling her work to customers and threatening those who don't pay. The photo, of a striking sculpture of a badminton shuttlecock outside the Nelson-Atkins Museum of Art...

  • Aug 24- A U.S. appeals court said on Wednesday that Puerto Rico could not force Wal-Mart Stores Inc's affiliate there to pay a special corporate tax that the retailer said was discriminatory and violated the U.S. The 1st U.S. Circuit Court of Appeals in Boston upheld a lower court order blocking the U.S. territory from imposing its alternative minimum tax against...

  • NEW YORK— Stocks closed lower on Wednesday, led by sharp declines in health-care companies as outrage over the steep price hikes for Mylan's EpiPens escalates. The Dow Jones industrial average fell 65.82 points, or 0.4 percent, to 18,481.48. The Standard& Poor's 500 index fell 11.46 points, or 0.5 percent, to 2,175.44.

  • Express Inc., down $4.09 to $11.94. Intuit Inc., down $3.99 to $109.85. Freeport-McMoRan Inc., down 90 cents to $11.08.

  • NEW YORK, Aug 24- The former chief executive officer of Comverse Technology Inc pleaded guilty to securities fraud on Wednesday, a decade after fleeing the United States for Namibia to avoid prosecution. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, entered his plea in federal court in Brooklyn, after ending his fight to avoid...

  • NEW YORK _ PVH Corp. on Wednesday reported fiscal second-quarter profit of $90.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.37.

  • WASHINGTON, Aug 24- U.S. banking regulators said in a letter released on Wednesday that they are continuing to focus on cybersecurity risks and controls for U.S. financial institutions after attacks earlier this year on the global financial network known as SWIFT. In the letter responding to questions from Representative Carolyn Maloney, a Democrat from New...

  • NEW YORK, Aug 24- Wall Street retreated on Wednesday, pulled lower by weakness in the materials and healthcare sectors as investors continued to weigh the possibility of an interest rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming, on Friday for insight on the direction of monetary policy.

  • NEW YORK— U.S. companies are sitting on hundreds of billions of cash, so you might think they are in great financial shape. The reality is different, and worrisome. Most of the cash is held by precious few companies, a mere 1 percent of 2,000 tracked by S&P Global Ratings.

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, but gains were capped by uncertainty ahead of Federal Reserve Chair Janet Yellen's speech at a central bankers' conference on Friday. Late on Wednesday, futures markets assigned an 18 percent chance the Fed would hike rates at its...