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Top News & Analysis New York City

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • NEW YORK/ CHICAGO, June 23- Brazilian restaurants in the United States have no beef with the U.S. government's ban on meat from Brazil because the steaks they serve are all-American. Brazil is the world's largest meat exporter but business has been marred by scandal and safety concerns and on Thursday the United States barred imports from there.

  • NEW YORK— Ivanka Trump must testify in a dispute with an Italian shoemaker over one of her company's shoe designs, a judge said Friday. District Judge Katherine Forrest rejected a request by the senior White House aide's lawyers that she be blocked from submitting to a deposition in the trademark infringement lawsuit brought by Aquazzura Italia SRL against...

  • June 23- Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach. District Judge Lucy Koh in San Jose, California, who is presiding over the case.

  • Bed Bath& Beyond Inc., down $4.09 to $29.65. Forestar Group Inc., up $1.15 to $17.65. The developer said a revised offer from D.R. Horton was superior to a deal it agreed to with Starwood Capital, which it now intends to terminate.

  • *Nasdaq rises with help from tech. June 23- U.S. stocks ended higher on Friday after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq higher, giving it a weekly gain for the first time in three weeks. The sector closed down 0.1 percent, clawing back some losses after it dropped sharply late in the session...

  • *Nasdaq on track to post first weekly gain in three weeks. June 23- U.S. stocks rose on Friday, with the Nasdaq set to post its first weekly gain in three weeks, helped by strength in technology stocks, while energy shares rebounded as oil prices rose. "The effect is going to be focused on small-caps but there's an echo of that in large caps," said Don Townswick, Director of...

  • NEW YORK, June 23- General Motors Co has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows. Settlement terms are confidential, but the accord could also resolve hundreds of state court claims, as well, lawyers for the automaker said in the filing in Manhattan federal court.

  • NEW YORK/ LONDON, June 23- Arabica coffee futures vaulted higher on Friday, notching their largest one-day gain in a year, as options-related dealings spurred short-covering following Thursday's sharp decline. *September arabica coffee settled up 6.5 cents, or 5.58 percent, at $1.23 per lb, rebounding from the previous session's plunge of more than 5 percent.

  • *Gold resistance at $1,260/ oz, 55- day moving average. NEW YORK/ LONDON, June 23- Gold prices climbed to one-week highs on Friday, boosted by a weaker dollar, economic and political uncertainty around the world, as well as the limited prospect of further interest rate rises in the United States. Louis Fed President James Bullard said on Friday, highlighting the...

  • NEW YORK, June 23- General Motors Co has reached a settlement to resolve lawsuits by 203 plaintiffs over defective ignition switches in many of its vehicles, lawyers for the automaker said in a court filing on Friday. Terms of the settlement are confidential, but the accord could also resolve hundreds of state court claims, according to the filing.

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • NEW YORK, June 23- Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 40 cents, or 0.9 percent at $45.62 a barrel by 11:52 a.m. EDT, pushing the front-month out of...

  • NEW YORK, June 23- The dollar fell against a basket of major currencies on Friday, on track for its biggest single-day drop in three weeks, on persistent doubts whether the Federal Reserve would raise interest rates again this year due to softening inflation data. Sterling rose for a third consecutive day following a speech who late Thursday urged hiking U.K....

  • NEW YORK— Sears is closing another 20 stores as the ailing retailer tries to turn around its business. Real estate investment trust Seritage, which owns the 20 real estate properties, confirmed the closings— 18 Sears stores and two Kmart stores— in a government filing Friday. In 2015, Sears Holdings Corp. sold 235 Sears and Kmart store locations to Seritage as part...

  • Opioid overdose, which claimed celebrities including Prince and Heath Ledger as victims, contributed to more than 33,000 deaths in 2015, according to the Centers for Disease Control and Prevention. Earlier this month, the FDA asked Endo International Plc to withdraw its Opana ER painkiller from the market, the first time the agency has called for the removal...

  • More than twice as many stocks rose as fell on the New York Stock Exchange. They followed the price of oil higher, as benchmark U.S. crude rose 27 cents to settle at $43.01 per barrel. Brent crude, the international standard, rose 32 cents to close at $45.54.

  • NEW YORK— Coverage of the Pulse nightclub shooting in Orlando, the demise of Venezuelan society and fighting in Mosul, Iraq, won top honors in the 2017 Associated Press Media Editors Awards for AP staff, showcasing the news organization's excellence around the globe. Hannah Dreier was a double winner for her work on "Venezuela Undone," which painted vivid...

  • *Plans new overseas offices in Sydney, Luxembourg next year. CMB is planning to open new private banking offices in Sydney and Luxembourg next year, and Los Angeles, London and Vancouver over the next two-three years, Wang Jinggeneral manger of CMB's private banking department told Reuters. China's sixth-largest lender by assets already has a private banking...