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Top News & Analysis New York City

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on the boards of more than a...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • NEW YORK— A top engineering executive at Uber, Amit Singhal, is out five weeks after his hire was announced. Uber CEO Travis Kalanick has called for an independent investigation of those issues, and the company has hired former Attorney General Eric Holder to help. In a statement emailed to The Associated Press, Singhal said: "Harassment is unacceptable in any...

  • NEW YORK _ Apollo Commercial Real Estate Finance on Monday reported fourth-quarter net income of $59 million. On a per-share basis, the New York- based company said it had net income of 60 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

  • Feb 27- Drugmaker Perrigo Co Plc said on Monday it agreed to sell the royalty stream from its multiple sclerosis drug Tysabri to privately held Royalty Pharma for up to $2.85 billion. The deal with Royalty Pharma comprises $2.2 billion in cash at closing and up to $650 million in potential milestone payments, according to a statement by Perrigo, which confirmed...

  • Net income rose to $673.9 million, or $13.47 per share, in the fourth quarter ended Dec. 31, from $504.3 million, or $10 per share, a year earlier. "recorded accelerating growth in room nights booked for the full year 2016 over 2015, which reflects the benefits of our scaled accommodations platform and strong execution by our global teams," Chief Executive Glenn Fogel...

  • Feb 27- Drugmaker Perrigo Co Plc said on Monday it agreed to sell the royalty stream from its multiple sclerosis drug Tysabri to privately held Royalty Pharma for up to $2.85 billion. The deal with Royalty Pharma comprises $2.2 billion in cash at closing and up to $650 million in potential milestone payments, according to a statement by Perrigo, which confirmed...

  • NEW YORK, Feb 27- A trader who touted the stock of ForceField Energy Inc on television while being paid kickbacks to endorse the LED lighting provider pleaded guilty on Monday to a conspiracy charge, related to a fraud that cost investors $131 million, federal prosecutors said. Herschel Knippa, the owner and head trader at Kenai Capital Management LLC in Dallas,...

  • A judge has dismissed a lawsuit that accused Wal-Mart's Mexico operations of misleading shareholders during an alleged bribery scheme. The federal judge in New York on Monday rejected shareholder claims that former Wal-Mart executives knew about bribery allegations or should have known. The allegations spurred federal investigations in the U.S. and...

  • In a gaffe on Sunday that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, presenters Warren Beatty and Faye Dunaway were handed the wrong envelope for the movie industry's top award. The Wall Street Journal and celebrity website TMZ.com reported on Monday that one of the PricewaterhouseCoopers accountants responsible...

  • AES Corp., down 79 cents to $11.14. Kroger Co., down $1.07 to $32.22. Tegna Inc., up 86 cents to $25.66.

  • Feb 27- ABC's Sunday night broadcast of the Academy Awards hosted by comic Jimmy Kimmel drew the smallest audience since 2008 despite a memorable ending that will go down in history. Some 32.9 million U.S. viewers watched the ceremony, a 4 percent drop from the 2016 Oscars which drew 34.4 million viewers, according to Nielsen data released on Monday by ABC, a unit of...

  • TORONTO/ NEW YORK, Feb 27- Milestone Apartments Real Estate Investment Trust, which has agreed to be acquired by Starwood Capital Group for about C $1.7 billion, is in talks with the U.S. private investment firm about raising its bid, people familiar with the situation told Reuters. Milestones units, which were unchanged before the Reuters report, rose as much as 2.7...

  • *Trump to address joint session of Congress on Tuesday. NEW YORK, Feb 27- Wall Street closed slightly higher on Monday and U.S. While many investors were hoping Trump would unveil details of pro-business policies including tax reform, cash repatriation or infrastructure spending during his address to Congress Tuesday night, others were not ready to make new...

  • *Investors await Trump speech to joint session of Congress. NEW YORK, Feb 27- U.S. Treasury Secretary Steven Mnuchin said on Sunday Trump would use a major policy speech to a joint session of Congress to preview some elements of his sweeping plans to cut taxes for the middle class, simplify the tax system and make U.S. companies more globally competitive, with lower...

  • LOS ANGELES, Feb 27- Accountants and Oscar officials on Monday were investigating how a meticulous procedure for announcing Academy Awards winners went disastrously awry, snatching a best picture victory from musical "La La Land" and handing it instead to "Moonlight." In a gaffe on Sunday that stunned the Dolby Theatre crowd in Hollywood and a television...

  • Feb 27- Gregory Abel, chief executive of the energy unit of Warren Buffett's Berkshire Hathaway Inc, was awarded $17.52 million in compensation last year, mainly in the form of a bonus, a regulatory filing shows. He also got a $1 million salary plus $1.52 million of other awards. The total amount was down from $40.77 million in 2015, which included $39.5 million of...

  • NEW YORK, Feb 27- The U.S. dollar was steady against a basket of currencies on Monday ahead of a busy week that will include a speech by U.S. Treasury Secretary Steven Mnuchin said on Sunday that Trump, in an address to Congress on Tuesday, will preview some elements of his plans to cut taxes for the middle class, simplify the tax system and make U.S. companies more...