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Top News & Analysis New York City

  • NEW YORK, April 25- More than a dozen state prosecutors urged President Donald Trump in a letter on Tuesday not to withdraw from the Paris Climate Agreement, which commits the United States, along with 200 other countries, to reducing its greenhouse gas emissions in an attempt to slow global warming. In an April 14 appearance on television show "Fox& Friends," Scott...

  • NEW YORK _ Arconic Inc. on Tuesday reported first-quarter net income of $322 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Arconic shares have increased 46 percent since the beginning of the year.

  • NEW YORK— Uber is taking to the skies with its next project— "flying cars"— even as all eyes are on its problems on the ground. The company says its partners in this Elevate initiative include real estate companies, aircraft manufacturers, electric vehicle charger makers and cities such as Dubai and Dallas-Fort Worth, Texas. Jeff Holden, Uber's chief product officer,...

  • NEW YORK— Chipotle says a key sales figure rose more than expected in the first quarter as it works to recover from a series of food scares that had sent customers fleeing. For the quarter, Chipotle Mexican Grill Inc. earned $46.1 million, or $1.60 per share, following a loss in the year-ago period. Total revenue was $1.07 billion, topping the $1.05 billion analysts...

  • NEW YORK, April 25- The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. Caterpillar closed up 7.9 percent at $104.42 after earlier hitting a multi-year high of $104.89 and McDonald's jumped 5.6 percent to $141.70, both after beating profit...

  • *Wall Street climbs, Nasdaq tops 6,000 mark. Wall Street gained as concerns about France's election waned and investors cheered earnings from Dow components such as McDonald's Corp, up 5.6 percent, and Caterpillar Inc, up 7.9 percent. "Its earnings coming from the Dow companies, the largest of the large, in particular Caterpillar, really driving on the theme that...

  • Connecticut, Massachusetts and Iowa are among the states where bills have been proposed to replace the bottle deposits with a tax. "This is the most effective, proven way that we have to guarantee that these containers do not end up on our streets and do not end up on our beaches and open spaces as litter," said Louis Burch, the Connecticut program director for...

  • NEW YORK, April 25- The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. Caterpillar was up 7.7 percent at $104.29 after earlier hitting a multi-year high of $104.71 and McDonald's jumped 5.6 percent to $141.72, both after beating profit...

  • Hunter's bill, which was reviewed by Reuters, would exempt vaping devices from many of those rules, including a requirement that new products be reviewed and authorized by the FDA before being sold. The bill adds momentum to a series of legal and legislative efforts by tobacco and vaping companies to derail the FDA rule, though it is unclear how much support it...

  • NEW YORK, April 25- The U.S. dollar surged against its Canadian counterpart on Tuesday after the United States imposed duties on Canadian softwood, while the euro hit a multi-month high on relief over the French election and the possibility of more hawkish European Central Bank policy in June. The move, which affects some $5.66 billion worth of imports of the...

  • *Russia may lift output- Russian deputy PM tells Interfax. The figures are a precursor to data from the U.S. Department of Energy's Energy Information Administration. Brent is down about 5 percent since early December, when the Organization of the Petroleum Exporting Countries and Russia agreed to cut output by 1.8 million barrels per day in the first half of the...

  • NEW YORK, April 25- JetBlue Airways Corp said it was postponing delivery of 13 aircraft scheduled for 2019 and 2020, and had swapped its 2018 Airbus order of A321neos to 11 A321ceos, which have an earlier engine design. As of mid-April, Airbus had delivered a total of 100 A320neo aircraft since the fuel-efficient plane entered service in January 2016, including 53...

  • *Spot gold on track for weakest session since March 2. NEW YORK/ LONDON, April 25- Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion. Business-friendly centrist Emmanuel...

  • WASHINGTON, April 25- The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs' lawyers who strive to bring cases in courts and locales they consider friendly. Conservative Justice Anthony Kennedy expressed skepticism over California handling matters for residents of all other...

  • *Wall Street climbs, Nasdaq tops 6,000 mark. Wall Street gained as concerns about France's election waned and investors cheered earnings from companies such as McDonald's Corp, up 5.4 percent, and Caterpillar Inc, up 7.6 percent. "They are leading the train today," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.

  • But Elliott fired back, describing the offer as a "sign of desperation" and calling the board "entrenched" amid the drama around the bizarre circumstances behind last week's sudden resignation of its Chief Executive and Chairman Klaus Kleinfeld. Elliott originally nominated directors for all five spots but has reduced its slate to four because existing...

  • NEW YORK, April 25- Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees. But despite some image problems the industry is actually healthy, according to Simon Lorne, vice chairman and chief legal officer of Millennium Management...

  • "It is bad for British Columbia but not necessarily bad for the lumber companies," said Norman Levine, managing director, Portfolio Management Corporation. Shares in West Fraser Timber Co, which would pay the highest duty rate of the affected companies, rose 8.6 percent to C $61.22, its highest point since July 2015, while Canfor Corp stock gained 6.4 percent to C...

  • *Russia says its oil output could hit a 30- year high. Brent is down about 5 percent since early December, when the Organization of the Petroleum Exporting Countries and Russia agreed to cut output by 1.8 million barrels per day in the first half of the year. With oil supplies still around record highs, Stephen Schork of the Schork report said on Tuesday that " OPEC has...

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.