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Top News & Analysis New York City

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  • Asian stocks rose Thursday after Wall Street rebounded from a sharp sell-off and as a holiday in China gave investors a break from its torrid markets. Markets were closed in China, which has suffered a dramatic slide since June, and Hong Kong. "Without China to provide guidance, improved sentiments from the Street would provide trading clues for Asian investors."

  • BOSTON, Sept 2- Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told clients on Wednesday that...

  • NEW YORK, Sept 2- Bitcoin exchange itBit has hired Daniel Alter as the company's new general counsel and chief compliance officer, the firm announced on Wednesday. "The New York State Public Officers law requires that I have a two-year recusal before I can appear before the New York Department of Financial Services on behalf of the company," said Alter, who left the...

  • NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Tupperware Brands Corp., up $2.95 to $52. Navistar International Corp., down 75 cents to $16.61.

  • NEW YORK _ ABM Industries Inc. on Wednesday reported fiscal third-quarter profit of $1.5 million. ABM Industries expects full-year earnings in the range of $1.75 to $1.80 per share. ABM Industries shares have risen nearly 9 percent since the beginning of the year.

  • *Tech stocks lead, Netflix hit by short-sell recommendation. *Ambarella's forecast drags down GoPro. It's market volatility, it's nervousness, it's an inability to call the direction of the market, "said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.

  • BOSTON, Sept 2- An Oscar-nominated HBO documentary that showed American homeowners near hydraulic fracturing sites setting fire to their tap water may have been the main trigger for a surge in public opposition to the oil and gas production technique, according to a study to be published next month. The U.S. Environmental Protection Agency this year concluded...

  • Sept 2- Hewlett-Packard Co is exploring a sale of computer network security solutions unit TippingPoint ahead of a corporate split later this year, according to people familiar with the matter. The unit could be valued at between $200 million to $300 million, the people added. "HP has been vocal about looking to sell assets that they consider non-core, and that...

  • *Tech stock lead gainers, Netflix hit by short-sell call. *Ambarella's forecast drags on stock and GoPro. Wall Street had closed sharply lower on Tuesday, with concerns about China's economy pushing major indexes down almost 3 percent and intensifying fears of a long-term selloff.

  • Sept 2- An anchor for Fox News Channel has sued Hasbro Inc for more than $5 million over the company's sale of a plastic toy hamster that shares her name, and which she says resembles her. In a complaint filed on Monday, Harris Faulkner, who joined Fox News in 2005, called it "demeaning and insulting" for Hasbro to portray her as a rodent with its Harris Faulkner hamster,...

  • NEW YORK, Sept 2- Oil prices turned higher on Wednesday in volatile trading as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply. "Looks like risk-on trade with a rising tide lifting all boats," John Kilduff, partner at Again Capital LLC in New York, said. Brent October crude was up 14 cents at $49.70 a...

  • WASHINGTON— While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices. One of the Fed's regions— Cleveland— reported only slight growth. The recent stock market turbulence, triggered by worries about China's slowdown, has led...

  • WASHINGTON, Sept 2- The U.S. government has initially underestimated job growth for almost every August over the last decade, a trend that could make it harder for the Federal Reserve to decide if an upcoming employment report will signal America is ready for a rate hike. The Labor Department's jobs report for August, which will be released on Friday, will be the...

  • NEW YORK, Sept 2- Oil prices fell a second day on Wednesday after government data showing U.S. crude stockpiles rose last week added to concerns about global oversupply and sluggish economic growth in China. Brent October crude was down $1.60 at $47.96 a barrel at 12:19 p.m. EDT, having swung from $47.74 to $50.79. October crude was down $1.95 at $43.46, having...

  • LONDON, Sept 2- Oil prices fell on Wednesday after U.S. government data showed a big rise in crude oil stocks, adding to concerns about global oversupply and sluggish economic growth in China. U.S. crude oil stocks rose by 4.67 million barrels to 455.43 million barrels in the week to Aug. 28, the Energy Information Administration said on Wednesday.

  • NEW YORK— H&R Block said Wednesday that it plans to buy back up to $1.5 billion of its stock from its shareholders in a process known as a modified Dutch auction. The tax preparer said it will buy stock for between $32.25 per share and $37 per share. Shares of H&R Block, Inc., based in Kansas City, Missouri, rose $2.25, or 6.8 percent, to $35.20 in midday trading Wednesday.

  • NEW YORK— Apple wants to be a central part of how you consume news. The iPhone maker has forged partnerships with CNN, National Geographic and others— more than 50 companies so far, representing hundreds of outlets. The app offers uniform navigation, but publishers can customize the presentation to reflect their brands, says Troy Young, president of Hearst...

  • The American Egg Board, which is responsible for the "Incredible, Edible Egg" slogan, waged a campaign to counter the emergence of Hampton Creek's Just Mayo spread, and even tried to prevent its sale at Whole Foods grocery stores, according to documents provided to The Associated Press. Publicly, the American Egg Board has sought to downplay Hampton Creek as just...

  • NEWARK, N.J.— The new superintendent of schools in Newark tried to set a conciliatory tone for Wednesday, appearing at a school to announce that district teachers would each receive $100 to spend as they wish on supplies and principals would get $7,500 for needs not covered in their budgets. The $750,000 for the program comes from the Foundation for Newark's...

  • NEW YORK, Sept 2- U.S. crude oil stockpiles rose unexpectedly last week as refinery throughput fell for a fourth week and imports jumped, while gasoline stocks fell, data from the Energy Information Administration showed on Wednesday. October crude was down $1.22 at $44.19 a barrel at 11:05 a.m. EDT, having swung from $43.71 to $46.32. Brent October crude was down...