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Top News & Analysis New York City

  • *Investors eye Trump speech to Congress on Tuesday. Trump doesn't want a strong dollar and the market thinks that perhaps there would not be a rate hike in the first half of the year, "said Jiang Shu, chief analyst at Shandong Gold Group. Investors are looking towards Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide...

  • Feb 27- Gold prices held firm on Monday near 3-1/ 2- month highs hit in the previous session as investors await more clarity on President Donald Trump's economic policy. *Spot gold was little changed at $1,256.61 per ounce at 0034 GMT. The metal hit its highest since Nov. 11 at $1,260.10 in the previous session.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NEW YORK— Samsung's product showcase Sunday is notable for what's missing: a new flagship phone. That's partly so that Samsung wouldn't have to share the stage with its smartphone rivals at the Mobile World Congress trade show, which begins Monday in Barcelona, Spain. "The microscope is going to be firmly on Samsung," said Geoff Blaber, an analyst with the research...

  • BOSTON— A new nickname for the river valley in western Massachusetts isn't sitting well with some residents. Pioneer Valley generally refers to the Massachusetts portion of the Connecticut River Valley. It includes Springfield, New England' s fourth largest city, and the college towns of Amherst, Northampton and Holyoke.

  • UNDERHILL, Vt.— Maple syrup doesn't get that rich flavor and color in an instant. It's a long process from tree to bottle. It all comes down to how efficient you can be to make syrup, and this is just the next big step to save time, "said Timothy Perkins, director of the University of Vermont's Proctor Maple Research Center.

  • NEW YORK— Samsung's fiasco with its fire-prone Note 7 phone has pushed its rival LG to take additional precautions with its next smartphone. Samsung recalled millions of Note 7 phones after dozens overheated and caught on fire. "We started by placing these two as far apart as possible and then built the phone around it," LG spokesman Frank Lee said.

  • NEW YORK— A trans-Atlantic wave of puzzlement is rippling across Sweden for the second time in a week, after a prominent Fox News program featured a "Swedish defense and national security advisor" who's unknown to the country's military and foreign-affairs officials. Swedes, and some Americans, have been wondering about representations of the Nordic nation in...

  • Feb 25- Berkshire Hathaway Inc shareholders might have been forgiven on Saturday for looking at the company's annual report and wondering why some $56 billion of cash appeared to vanish. In his annual shareholder letter, Buffett said Berkshire has about $86 billion of cash and equivalents, roughly triple the $28 billion shown on the cash flow statement.

  • Feb 25- Warren Buffett on Saturday used part of his annual letter to Berkshire Hathaway Inc shareholders to defend the businesses practices of one of his conglomerate's lesser-known but more controversial operating units: Clayton Homes. The mobile home unit, which Berkshire bought for $1.7 billion in 2003, came under fire in reports two years ago in the...

  • Feb 25- Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. For the fourth quarter, Berkshire's net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, a year earlier,...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds. Known to fans as "the Oracle of Omaha," he estimated that the search for outperformance...

  • Berkshire bought $5 billion of Bank of America preferred stock carrying a 6 percent dividend, or $300 million annually, in August 2011, when many investors worried about the second-largest U.S. bank's capital needs. In his annual letter to Berkshire shareholders, Buffett said if Bank of America's current 30 cents per share annual dividend rose above 44 cents...

  • NEW YORK, Feb 25- Billionaire Warren Buffett, whose stock picks over several decades have turned Berkshire Hathaway Inc into one of the most successful conglomerates, delivered another black eye to the investment industry on Saturday, saying investors should "stick with low-cost index funds." Buffett, whose annual letter is scrutinized by investors who...

  • Feb 25- Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. For the fourth quarter, Berkshire's net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, a year earlier,...

  • Net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, in the comparable quarter the previous year. Quarterly operating profit fell 6 percent to $4.38 billion, or $2,665 per share, from $4.67 billion, or $2,843 per share. Operating profit rose just 1 percent to $17.58 billion, despite January's $32.1 billion purchase of...

  • Feb 25- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 15 percent from a year earlier, helped by gains from investments and derivatives. Net income rose to $6.29 billion, or $3,823 per Class A share, from $5.48 billion, or $3,333 per share, in the comparable quarter the previous year. Quarterly operating profit fell 6 percent...

  • OLATHE, Kan.— GPS device-maker Garmin long has revered diversity in its workforce, even when the locale of its ever-sprawling operational headquarters— a largely white Kansas City suburb— didn't reflect it. By his wife's account Friday he willingly spent long hours on an aviation systems engineering team alongside Alok Madasani, a friend and colleague also 32...

  • Feb 24- Pfizer Inc said it received subpoenas from the U.S. Attorney's Office for the District of Massachusetts related to its support for organizations that provide financial help to Medicare patients. In a regulatory filing on Thursday, Pfizer said the December 2015 and July 2016 subpoenas were related to groups that help cover patient co-payments for...