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Top News & Analysis New York City

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  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Tyson Foods Inc., down $4.39 to $39.96. NextEra Energy Inc., up $2.51 to $107.71.

  • NEW YORK— American International Group Inc. on Monday reported second-quarter profit of $1.8 billion. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. American International Group shares have increased 15 percent since the beginning of the year, while the Standard& Poor's 500 index has risen...

  • *Commodity markets battered by weak China data; CRB at 12- yr low. NEW YORK, Aug 3- Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout. U.S. crude had already fallen 21 percent in July, its worst month since 2008 amid mounting...

  • Frederick Alan Voight, 58, and his firm DayStar Funding LP agreed to pay civil penalties and return alleged illegal gains in sums to be set by a federal judge, the SEC said. The SEC said this included $13.8 million raised since October from at least 260 U.S. investors to fund InterCore's installation of its Driver Alertness Detection System, or DADS, technology in "...

  • NEW YORK— Delta Air Lines had a major change of heart about shipping hunting trophies, announcing Monday afternoon that it would no longer accept lion, leopard, elephant, rhinoceros and buffalo trophies. The move comes after an American dentist killed a well-known lion named Cecil in Zimbabwe last month in an allegedly illegal hunt, setting off a worldwide...

  • *U.S. jobs data on Friday in focus. NEW YORK, Aug 3- The dollar gained on Monday as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market. "The labor market data on Friday is the big event," said Win Thin, global head of emerging market strategy at Brown Brothers Harriman& Co in New York.

  • NEW YORK— Yes, your mutual fund may own some Greek stocks. Athens burst back into the spotlight Monday after its main stock index plunged 16 percent. That's why investors are more worried about the effects that Greece's debt problems will have on the rest of Europe than about Greece itself.

  • NEW YORK— A jury has decided the families of two men killed in a New York City construction crane collapse should get $48 million in punitive damages from the crane's owner and his companies. The jury ordered Monday that James Lomma and his companies pay the families of Ramadan Kurtaj and Donald Leo in connection with the 2008 crane collapse on Manhattan's Upper...

  • NEW YORK, Aug 3- U.S. benchmark and long-dated Treasury yields hit their lowest levels in over two months on Monday on weak U.S. economic data and a muted inflation outlook, while declines in short-dated yields were limited ahead of a key U.S. jobs report. Continued concerns over China and Greece's economies also spurred some safe-haven bids for U.S.

  • NEW YORK/ LONDON, Aug 3- Gold dropped on Monday, after falling by the most in two years in July, as the dollar rose and investors monitored U.S. economic indicators for clues on the timing of a hike in U.S. interest rates. Spot gold was down 0.9 percent at $1,086.06 an ounce by 3:02 p.m. EDT. The metal hit a low of $1,077 on July 24, its weakest in 5-1/ 2 years.

  • *Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • NEW YORK, Aug 3- Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory data from China and the United States disappointed. Brent slumped to its lowest since late January on worries about oversupply as OPEC pumped at record levels in July, adding to...

  • Benchmark U.S. crude fell $1.95, or 4.1 percent, to close at $45.17 a barrel in New York. U.S. crude has been declining since reaching a high this year of $61.43 a barrel on June 10. Brent crude, a benchmark for international oils used by many U.S. refineries, was declined $2.69, or 5.2 percent, to $49.52 a barrel in London.

  • WASHINGTON, Aug 3- U.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating that the economy had lost some momentum recently. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan...

  • NEW YORK— Shares of Michael Kors Holdings skidded to a three-year low Monday as analysts forecast a difficult first quarter and fiscal year for the maker of handbags, clothing and accessories. Michael Kors Holdings Ltd. stock fell $3.28, or 7.8 percent, to $38.71 as the broader markets declined. The company said fewer customers visited its stores in its fiscal...

  • *Tyson Foods falls after profit forecast cut. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses. Oil prices were knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • NEW YORK— Goldman Sachs Group Inc. raised the upper end of its estimate for "reasonably possible" legal expenses to $5.9 billion, according to a regulatory filing. In August of 2014, Goldman Sachs agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them...

  • *Oversupply worries, weak US, China data hurt market. NEW YORK, Aug 3- Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish U.S. and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Evidence of growing global oversupply and a stock market collapse...

  • NEW YORK, Aug 3- Oil futures prices hit a six-month low on Monday, weighed by oversupply and weaker demand expectations, while stocks in Asia and on Wall Street were under pressure as factory data from China and the United States disappointed. The Netherlands, Spain and Italy all reported healthy growth, and Italy's expansion was its best in more than four years.