Top News & Analysis New York City

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • HOBOKEN, N.J.— A rush hour commuter train crashed through a barrier at the busy Hoboken station and lurched across the waiting area Thursday morning, killing one person and injuring more than 100 others in a grisly wreck that renewed questions about whether long-delayed automated safety technology could have prevented tragedy. People pulled chunks of...

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that is below the most recent private funding round. After initially pricing shares at $11 to $13, a range that set the company up for a valuation nosedive, Nutanix on Thursday...

  • FRIDAY, SEPTEMBER 30 DALLAS, United States- Federal Reserve Bank of Dallas President Robert Kaplan participates in a moderated Q&A session before the Stemmons Corridor Business Association 35th Annual Meeting- 1700 GMT. Treasury Secretary Lawrence Summers speak at a seminar, hosted by the Bank of Japan and the Bank of Canada, on financial and price stability-...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • The latest countries singled out by the U.S. Centers for Disease Control and Prevention are Brunei, Myanmar, Cambodia, Indonesia, Laos, Malaysia, Maldives, Philippines, Thailand, Timor-Leste, and Vietnam. Unlike parts of Central and South America and the Caribbean hit hardest by the recent Zika outbreak, areas of Southeast Asia have had the virus present for many...

  • Sept 29- NXP Semiconductors NV is exploring selling itself to Qualcomm Inc in a deal that could be valued at more than $30 billion, two sources familiar with the matter said on Thursday. An agreement with Qualcomm could be struck in the next two to three months, according to the Wall Street Journal, which first reported news of the talks. Representatives for...

  • Jeffrey Pearlman, 49, was charged in a criminal complaint filed in federal court in New Haven, Connecticut, becoming the latest individual to face prosecution in connection with probes involving Insys' drug Subsys. Prosecutors did not identify Insys by name, but a LinkedIn profile for Pearlman showed he worked at Insys from 2012 to 2015, and the description of...

  • Sept 29- Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries, U.S. authorities said on Thursday. In the first U.S. foreign bribery case against a hedge fund, Och-Ziff subsidiary OZ Africa Management GP LLC pleaded...

  • Sept 29- Qualcomm Inc is in talks to buy NXP Semiconductors NV in a deal that could be valued at more than $30 billion, two sources familiar with the matter said on Thursday, which would help diversify Qualcomm's business and make it a bigger supplier to the automotive industry. Representatives for Netherlands- based NXP and San Diego- based Qualcomm declined to...

  • WASHINGTON/ NEW YORK, Sept 29- U.S. lawmakers called on Thursday for Wells Fargo& Co chief John Stumpf to resign and a top House Democrat demanded the bank be broken up because it is too big to manage. Wells Fargo staff opened checking, savings and credit card accounts without customer say-so for years to satisfy managers' demand for new business, according to a $190...

  • SAN JUAN, Puerto Rico— Puerto Rico's governor turned over the reins of his government's finances to a federal control board and outlined what he considers priorities during a televised address Thursday to prepare the U.S. territory for a historic change. Garcia urged the board to protect the pensions of retired public workers and the jobs that have been...

  • NEW YORK, Sept 29- The New York judge weighing whether ex-AIG chief Maurice "Hank" Greenberg should be liable for accounting fraud on Thursday pressed the 91- year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore...

  • WASHINGTON, Sept 29- U.S. lawmakers expressed doubts on Thursday about Sept. 11 legislation they forced on President Barack Obama, saying the new law allowing lawsuits against Saudi Arabia could be narrowed to ease concerns about its effect on Americans abroad. A day after a rare overwhelming rejection of a presidential veto, the first during Obama's eight...

  • BERLIN, Sept 29- Deutsche Bank admitted on Thursday it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. The latest lurch came after Bloomberg reported that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and...

  • ConAgra Foods Inc., up $3.12 to $46.25. Helmerich& Payne Inc., up $2.48 to $65.26. Viacom Inc., up $1.21 to $37.77.

  • *Prices up 7 pct on the week after news of OPEC cuts. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • SAN FRANCISCO, Sept 29- In the run-up to its initial public offering, cloud computing company Nutanix scrambled to avoid a situation that has increasingly marred technology IPOs: a price that's below the most recent private funding round. After bumping up its price Wednesday to $13 to $15 per share, Nutanix will be valued at $1.9 billion at the mid-point of that...