Top News & Analysis New York City

  • Many government services and operations would have been closed or suspended at midnight, when current funding authority expired, if the Senate had not approved the bill. Obama signed the measure, the White House said in a statement issued about 90 minutes after the Senate passed it. Democrats from coal-producing states, led by West Virginia Senator Joe Manchin,...

  • Many government services and operations would have been closed or suspended starting at midnight, when current funding authority expires, if the Senate had not approved the measure. Democrats from coal-producing states, led by West Virginia Senator Joe Manchin, had delayed the Senate vote on the funding bill in a failed attempt to get a bigger extension of the...

  • GRAND RAPIDS, Mich., Dec 9- Exxon Mobil Corp Chief Executive Officer Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said. Tillerson's favored status was revealed as former New York Mayor Rudy Giuliani formally withdrew from consideration for secretary of state.

  • GRAND RAPIDS, Mich., Dec 9- Exxon Mobil Corp Chief Executive Rex Tillerson emerged on Friday as President-elect Donald Trump's leading candidate for U.S. secretary of state, a senior transition official said. Tillerson's favored status was revealed as former New York Mayor Rudy Giuliani formally withdrew from consideration for secretary of state.

  • SACRAMENTO, Calif.— A California judge rejected pimping charges Friday against the operators of a major international website advertising escort services that the state attorney general has called the "world's top online brothel," citing federal free speech laws. California Attorney General Kamala Harris had charged Backpage.com CEO Carl Ferrer and...

  • FRANKFURT- European Central Bank governing council meeting. NEW YORK- Federal Reserve chair Janet Yellen holds a news conference- 1930 GMT. WASHINGTON- Federal Reserve Board holds open meeting to discuss a final rule establishing long-term debt and total loss-absorbing capacity requirements for global systemically important banking organizations- 1600...

  • NEW YORK, Dec 9- The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from some clients due to its relationship with troubled hedge fund manager Platinum Partners, according to a person familiar with the situation. The Bermuda-, Grand Cayman- and New York- based firm has been working to sever its links with Platinum...

  • NEW YORK/ LONDON, Dec 9- Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid. People familiar with the matter said Fox had pounced after Britain's vote to leave the European Union in...

  • David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities. Prosecutors said Demos, a trader and managing director at Cantor Fitzgerald from November 2011 to February 2013, defrauded customers...

  • President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council...

  • NEW YORK/ LONDON, Dec 9- Rupert Murdoch's Twenty-First Century Fox Inc has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid. People familiar with the matter said Fox had pounced after Britain's vote to leave the European Union in...

  • NEW YORK, Dec 9- Oil prices rose about 1 percent on Friday on hopes that non- OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut. On Saturday, OPEC oil ministers will meet non- OPEC producers in Vienna to seek help in curbing a global glut. Russia plans to hold more talks on...

  • NEW YORK— After a month of steady increases, municipal bond yields finally reversed course this past week. "People think that munis had sold off a little too much, and now there are buyers coming back into the space," says Jon Mondillo, a municipal bond fund manager at Alpine Funds. The fall in yields propelled the iShares National Muni Bond ETF, the largest municipal...

  • NEW YORK— Graduate teaching and research assistants at Columbia University have voted to join a union affiliated with the United Auto Workers. The Detroit- based UAW announced Friday the New York Ivy League university students voted 1,602 to 623 in favor of union representation. New York University is the only private university in the U.S. where graduate...

  • Amgen Inc., up $2.86 to $143.45. Restoration Hardware Inc., down $7.07 to $31.92. Coca-Cola Co., up $1.02 to $42.

  • Trump Tower security weighs on small business

    CNBC's Kate Rogers reports on the impact Trump Tower is having on small businesses around the block on the building.

  • CHICAGO/ NEW YORK, Dec 9- The financially struggling Chicago Board of Education next week will sell a new type of debt, armed with an investment grade rating from Fitch Ratings based on the bonds' ability to withstand a bankruptcy filing. The $500 million of capital improvement tax bonds slated to price through Barclays Capital are secured by a new property tax...

  • NEW YORK, Dec 9- U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank's decision a day earlier to extend economic stimulus. Treasury yields climbed with benchmark yields marking a fifth consecutive week of increases on stronger-than-forecast data...

  • *S&P 500 marks high for third straight day. NEW YORK, Dec 9- Major U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. "You have this post-election exuberance that has been...

  • Representative Cathy McMorris Rodgers, a climate-change skeptic and an advocate for expanded oil and gas development, to run the Interior Department, a Trump aide said on Friday. The official on Trump's transition team, speaking on condition of anonymity, told Reuters that Trump would nominate McMorris Rodgers to head the Interior Department, which is...