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Top News & Analysis New York City

  • Feb 21- Canadian energy company Veresen Inc said on Tuesday it would sell its power generation business, its largest division, for $1.18 billion in three separate deals. The Calgary- based company, which owns energy infrastructure assets in Canada and the United States, said it would sell the division and use the proceeds to fund growth projects.

  • NEW YORK— Restaurant Brands International says it's buying Popeyes for $1.8 billion, bringing the fried chicken chain under the same corporate umbrella as Burger King and Tim Hortons. Restaurant Brands was created after Burger King, controlled by Brazilian investment firm 3 G Capital, bought Tim Hortons in 2014. Restaurant Brands International Inc., which is...

  • Feb 21- Bristol-Myers Squibb Co said on Tuesday it appointed three directors to its board in a deal with JANA Partners LLC, an activist investor holding less than 1 percent of the company's stock. Bob Bertolini, former Bausch& Lomb chief financial officer; Matthew Emmens, former Vertex Pharmaceuticals Inc chief executive officer; and Theodore Samuels, who is on...

  • NEW YORK _ New Residential Investment Corp. on Tuesday reported fourth-quarter profit of $225.2 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. New Residential Investment shares have climbed almost 3 percent since the beginning of the year.

  • *U.S. is Israel's largest trading partner by country. TEL AVIV, Feb 21- Investors are betting heavily that Israeli defense and cyber-security firms will reap a windfall from President Donald Trump's big U.S. spending plans, although likely benefits for the wider economy remain like the man himself- hard to predict. But in Israel, hopes are high for stronger...

  • NEW YORK— Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement announced Tuesday eases investor worries that Verizon Communications Inc. would demand a discount of at least $1...

  • NEW YORK— Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by store closures and other costs. The company has faced sluggish sales for the past two years as customers buy more online and less at the malls where Macy's is often an anchor.

  • NEW YORK— Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon.

  • Feb 21- Retailer Tiffany& Co on Tuesday said it would appoint three independent directors to its board in a deal with hedge fund JANA Partners LLC, less than three weeks after the luxury jeweler's chief executive stepped down. As part of the deal, one of the seats will go to Francesco Trapani, the ex-CEO of luxury retailer Bulgari. Tiffany will also add Roger Farah, a...

  • NEW YORK— Wal-Mart's fourth-quarter earnings fell nearly 18 percent as the world's largest retailer was hurt by its investments in e-commerce and stores. "We're moving with speed to become more of a digital enterprise and better serve our customers," Doug McMillon, CEO of Wal-Mart Stores Inc., said in a statement. Still, Wal-Mart and others also face new...

  • NEW YORK _ New Media Investment Group Inc. on Tuesday reported fourth-quarter profit of $14.5 million. New Media Investment shares have fallen almost 1 percent since the beginning of the year. Keywords: New Media Investment, Earnings Report.

  • Saudi Arabia is favoring New York to list state oil giant Saudi Aramco, while also considering London and Toronto for the prospect of floating the firm.

  • NEW YORK— The Home Depot Inc. on Tuesday reported a boost in sales and profit during the fourth quarter, as rising home prices and low mortgage rates continued lifting a healthy housing market. The Atlanta- based home-improvement retailer reported an 18.6 percent jump in quarterly profit to $1.74 billion, or $1.44 per share. Both measures topped Wall Street...

  • Beneath the capital's radar looms a vexing problem— a catchall spending package that's likely to top $1 trillion and could get embroiled in the politics of building Trump's wall at the U.S.- Mexico border and a budget-busting Pentagon request. Despite the big power shift in Washington, the path to success— and averting a shuttering of the government— goes...

  • Milo Yiannopoulos

    Video in which the Breitbart News editor condoned sexual relations with boys seemed to be more than conference organizers could tolerate.

  • Feb 20- Uber Technologies Inc has hired former U.S. Holder and Tammy Albarran, who are partners at the law firm Covington& Burling, will look into the complaints about a manager at Uber, as well as general questions about diversity and inclusion, Chief Executive Travis Kalanick told his employees in a memo on Monday that was seen by Reuters. Arianna Huffington, who...

  • Buttner served as CNBC's Washington correspondent and hosted the network's " The Money Club" before joining Fox News in 2000.. Fox News host Neil Cavuto paid tribute to Buttner on his show " Your World with Neil Cavuto." Fox News announced her death on Monday.

  • *Spot gold inched down 0.2 percent to $1,235.08 per. ounce at 0058 GMT, while U.S. gold futures also fell 0.2 percent to $1,236.2. *Holdings of the largest gold-backed exchange traded fund, New York's SPDR Gold Trust GLD, fell 0.28 percent on Friday from Thursday, while the largest silver-backed ETF, New York's iShares Silver Trust SLV, remained unchanged during the...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...

  • BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University students- 2030 GMT. GOLDEN VALLEY, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on the economy and the role of the Federal Reserve before the Financial...