Top News & Analysis New York City

  • NEW YORK, Aug 26- U.S. Treasury yields rose to more than one-month highs on Friday as investors considered whether the Federal Reserve is likely to raise interest rates at its September meeting, after hawkish but noncommittal comments Speaking at the annual gathering of central bankers in Jackson Hole, Wyoming, Yellen said the case for a U.S. interest rate...

  • *Yellen, Fischer comments on rate hike hit Wall Street. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The Fed served notice that a rate hike is still a...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures settled at $49.92, up 25 cents or 0.5 percent. U.S. crude ended the session 31 cents higher at $47.64.

  • NEW YORK, Aug 26- U.S. stocks were lower in a choppy session on Friday, with stocks bouncing between gains and losses as investors grappled with the possible timing of a U.S. interest rate hike after comments from Federal Reserve officials, including Chair Janet Yellen. The S&P 500 rose as much as 0.7 percent in the wake of a speech by Yellen in Jackson Hole, Wyoming...

  • *Yellen, Fischer comments on rate hike hit Wall Street gains. NEW YORK, Aug 26- U.S. stocks gave up early gains in choppy trading on Friday, hurt by a surging U.S. dollar as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. "The dollar's reaction was almost...

  • NEW YORK, Aug 26- A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute. District Judge Jed Rakoff in Manhattan said the defendants had not made a "strong showing" that their appeal would...

  • Aug 26- Diagnostic-testing company Alere Inc said on Friday it sued Abbott Laboratories in an attempt to force the company to move ahead with its $5.8 billion takeover of Alere. It said the complaint was filed Thursday in Delaware Chancery Court yesterday and should be made publicly available next week. Alere has received two U.S. Department of Justice...

  • JACKSON HOLE, Wyo., Aug 26- The case for a U.S. interest rate hike has strengthened in recent months, Federal Reserve Chair Janet Yellen said on Friday in a speech that left the door open for such a move as early as next month. Yellen, speaking at an international gathering of central bankers and academics in Jackson Hole, Wyoming, did not say when the U.S. central bank...

  • NEW YORK, Aug 26- Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent crude futures fell 9 cents to $49.58 a barrel, a 0.2 percent loss, by 1:29 p.m. EST. U.S. crude rose 5 cents, or 0.1 percent, to $47.38.

  • The company says the recipe published in the Chicago Tribune is not authentic. It all started when a reporter visited with Joe Ledington, a nephew of Kentucky Fried Chicken founder Colonel Harland David Sanders. While Joe Ledington initially told the reporter that it was the original recipe, he later said that he didn't know for sure.

  • *Turkey facing hurdles after failed coup, attacks. GARIPCE, Turkey, Aug 26- Turkey opened one of the world's biggest suspension bridges on Friday, the latest megaproject in a $200 billion building spree that President Tayyip Erdogan hopes will secure his place in history. The bridge creates a new link across the Bosphorus Strait, which divides Asia and Europe.

  • Before this week, the rig count rose by 76 since the week ended July 1, the most in a row since April 2014, after crude prices hit the key $50- a-barrel mark that made a return to the well pad viable. "Rigs are going to continue to climb," said John Kilduff, partner at New York energy hedge fund Again Capital. Crude futures have risen more than $8 a barrel, or about 20 percent, over...

  • DETAILS: "Step-iT" activity wristbands distributed by McDonald's restaurants from August 9 to August 17. They come in two styles_ "Activity Counter" and a motion-activated " Light-up Band." The Light-up Band comes in translucent plastic red, purple, or orange and blinks light with the child's movement.

  • NEW YORK, Aug 26- U.S. Treasuries prices fell on Friday as investors evaluated whether the Federal Reserve is likely to raise interest rates at its September meeting, following hawkish but still noncommittal comments by Fed Chair Janet Yellen. No, it's just maintaining optionality, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • NEW YORK, Aug 26- A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive Travis Kalanick to put a price-fixing lawsuit against them on hold, while they appeal his denial of their bid to compel arbitration. The decision was issued by U.S. District Judge Jed Rakoff in Manhattan.

  • *Wall St gains as Yellen says rate-hike case strengthens. NEW YORK, Aug 26- U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months. "The dollar's reaction was almost instantaneous- it rallied pretty quickly off her hawkish...

  • WASHINGTON, Aug 26- U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. "The very slight downward...

  • Aug 26- A U.S. judge has ruled against investors who accused Paris- based AXA SA of charging excessive fees on variable annuity products, in one of the rare such cases to go to trial. District Judge Peter Sheridan in Trenton, New Jersey, said late Thursday that the investors did not show that AXA breached its fiduciary duties by keeping most fees charged for mutual...

  • NEW YORK, Aug 26- Oil prices were modestly higher on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. Brent futures for October delivery rose 2 cents to $49.69 a barrel by 11:42 a.m. EDT. U.S. crude rose 20 cents to $47.53 per barrel, a 0.4 percent gain.

  • NEW YORK— Weeks into the "Pokemon Go" craze, demand remains strong for "Poke Ball"- shaped treats made by a high-end doughnut company, one of many businesses and organizations coming up with creative ways to lure players in their search for the elusive "pocket monsters." Even on sweltering summer days, the popular smartphone game has gotten throngs of players out of...