Top News & Analysis New York City

  • SAN DIEGO— Bristol-Myers Squibb Co. will pay $19.5 million to settle allegations that it promoted the anti-psychotic drug Abilify for unapproved uses and misled doctors about its dangers, it was announced Thursday. New York- based Bristol-Myers Squibb denies any wrongdoing but agreed to various marketing restraints. Abilify is manufactured by another...

  • NEW YORK, Dec 8- Investors cast a wary eye on markets in the latest week, rerouting $14.7 billion to cash-like investments in the largest weekly inflow in a month, Lipper data for U.S.-based funds showed on Thursday. Investors pulled $9.9 billion from those products in the latest week, while stock ETFs attracted $8 billion. The result deflates a report Wednesday by...

  • Speaker includes- European Commission President Jean-Claude Juncker, European Parliament President Martin Schulz, Netherlands Finance Minister and Eurogroup President Jeroen Dijsselbloem and other officials- 0800 GMT. PARIS- French Finance Minister Michel Sapin and Italian Economy Minister Pier Carlo Padoan will speak about growth in Europe and the...

  • Dec 8- Wells Fargo& Co Chairman Stephen Sanger and Vice Chair Elizabeth Duke have been named to a four-member committee that will lead an internal investigation into the bank's recent sales scandal, a person familiar with the matter said on Thursday. Rounding out the special committee's leadership, the person said, are Enrique Hernandez, chair of the board of...

  • WASHINGTON, Dec 8- President-elect Donald Trump named fast-food executive Andy Puzder to head the U.S. Department of Labor on Thursday, drawing criticism from labor advocates worried about his opposition to a higher minimum wage and government regulation of the workplace. He has bashed a new Labor Department rule aimed at extending overtime pay to more than 4...

  • NEW YORK _ Mesabi Trust on Thursday reported fiscal third-quarter earnings of $3.2 million. On a per-share basis, the New York- based company said it had net income of 24 cents. Mesabi shares have more than doubled since the beginning of the year.

  • NEW YORK— Andrew Puzder, who heads the company that owns Carl's Jr. and Hardee's, was tapped Thursday to head the Labor Department by President-elect Donald Trump. Puzder has been outspoken about his views that too much regulation is hurting the restaurant industry and that a significant increase in the minimum wage would lead to job losses or prompt companies...

  • NEW YORK— NBC says that it is shutting down its Breaking News digital service, which provided bulletins on stories through Twitter, a website and its own app. It employed 20 people in Seattle, New York, Los Angeles, London and Chicago. NBC Digital spokeswoman Emily Passer said Thursday the network will try to find jobs for those people elsewhere in the company.

  • WASHINGTON, Dec 8- Andrew Ceresney, the U.S. Securities and Exchange Commission's Wall Street policeman, will leave the agency at the end of December, joining other top officials who are departing before Donald Trump is sworn in as president in January. Trump is considering Debra Wong Yang, a former U.S. attorney for the federal court district headquartered in Los...

  • Earlier this week four relatives of Low Taek Jho filed a motion to delay the Dec. 12 hearing to Jan. 23 so they could go to courts in New Zealand and the Cayman Islands to try and get real estate and other assets transferred to a new trustee. Low Taek Jho is among the people named in civil lawsuits aimed at seizing $1 billion in assets allegedly siphoned off from 1 MDB and...

  • NEW YORK _ Medley Capital Corp. on Thursday reported a loss of $3.2 million in its fiscal fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Five analysts surveyed by Zacks expected $29.3 million.

  • President-elect Donald Trump next week as Brazil looks for business opportunities that could open up if Trump follows through on campaign promises to rewrite a trade deal with Mexico. Brazilian industries, benefiting from a weaker real currency, could increase their market share in the United States if Trump makes good on his threats to rework or withdraw...

  • Lululemon Athletica Inc., up $9 to $68.84. Bank of America Corp., up 38 cents to $22.95. Tailored Brands Inc., up $7.51 to $26.44.

  • *Mitt Romney, 2012 Republican presidential nominee and former Massachusetts governor. *Jon Huntsman, former Republican Utah governor and ambassador to China under President Barack Obama, ran for Republican presidential nomination in 2012. *John Bolton, U.S. ambassador to the United Nations under President George W. Bush, foreign policy adviser to 2012...

  • NEW YORK— Small business owners had a post-election surge in optimism and say they are stepping up their plans to hire new workers. That's the finding of a survey released Thursday by Wells Fargo& Co., which questioned 602 small business owners from Nov. 11 to 17. Just over half the owners surveyed said they believed actions by the administration of Republican...

  • NEW YORK, Dec 8- Bond yields rose and the euro dipped on Thursday after the European Central Bank said it would prolong its bond purchase program but surprised investors by scaling back on how much it will spend each month. The euro saw its biggest one-day percentage drop against the dollar since June after the ECB said it would reduce its bond buying program to 60...

  • NEW YORK _ Enzo Biochem Inc. on Thursday reported a fiscal first-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier. Enzo Biochem shares have climbed 67 percent since the beginning of the year. Keywords: Enzo Biochem, Earnings Report.

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after the former secretary general of the Organization of the Petroleum Exporting Countries made comments...

  • ALBANY, N.Y.— New York Gov. Andrew Cuomo says he wants to see Uber expand into Rochester, Buffalo, Syracuse and Albany and other upstate communities. Buffalo is now the largest U.S. city without the app-based ride-hailing service.

  • JERSEY CITY, N.J.— Another board meeting of the region's major transportation agency on Thursday produced few answers and continuing uncertainty over how the agency will spend its money over the next decade, particularly on a replacement for the nation's busiest bus terminal, a battleground pitting New York and New Jersey factions. Board members of the Port...