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Top News & Analysis New York City

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  • NEW YORK, Sept 3- The euro fell more than 1 percent on Thursday, surrendering most of the gains it made against the dollar following China's devaluation of the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The European Central Bank lowered its forecasts for inflation and economic growth, citing a...

  • However, no incidents or injuries have been reported, the U.S. Consumer Product Safety Commission said Thursday. They were sold at Cannondale dealers between July 2010 and July 2015 for between $2,000 and $10,000. Customers can also call Cycling Sports Group at 800-245-3872 from 9 a.m. to 6 p.m. ET Monday through Friday for more information.

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • "The year of cheap fuel continues," said Tom Kloza, chief oil analyst at the Oil Price Information Service. Gasoline prices often rise toward the end of the summer driving season as supplies dwindle and rough weather disrupts production along the Gulf Coast, where much of the nation's fuel is made. But crude oil prices have plunged because producers in the U.S. and...

  • JPMorgan's Global All-Industry Output Index, produced with private data vendor Markit, held steady at July's 53.7 last month and has been above the 50 mark that divides growth from contraction since October 2012. Markit's global service sector purchasing managers index rose to 54.4 in August from 54.1 in July, though on Tuesday the world manufacturing PMI...

  • NEW YORK— The drugmaker Pfizer says it has completed its roughly $15 billion purchase of the injectable drugmaker and infusion device maker Hospira, expanding its product offerings in a growing medical market. The deal, first announced in February, gives Pfizer a leading position in the global market for injectable drugs, including a new class of lower-cost...

  • NEW YORK— Samsung and other tech companies showcased new computerized wristwatches this week— all aimed at challenging Apple, a relative newcomer to selling smartwatches. Apple Watch was the leading smartwatch in the second quarter, with an estimated 4 million shipped worldwide, for a market share of more than 75 percent, according to Strategy Analytics.

  • NEW YORK— This month's Federal Reserve policy meeting could signal the end of an era. The Standard& Poor's 500 index has almost tripled since bottoming in March 2009, as corporate profits have surged. Jim McDonald, chief investment strategist at asset manager Northern Trust, explains what he expects to happen with interest rates, how that will impact financial...

  • NEW YORK— Dozens of 9/ 11 rescue and recovery workers gathered at the World Trade Center site on Thursday to demand that Congress extend programs offering money and free health care to people exposed to toxic dust after the terror attacks. Congress initially limited the programs because of concerns about their massive cost. Carolyn Maloney, Jerrold Nadler,...

  • NEW YORK— The television network that gets the most praise from an advocacy group that monitors content featuring gays, lesbians and transgender people has "family" in its name and targets an audience of teenage girls and young women. "We feel it is our responsibility to our viewers to reflect the world that they live in and it's a diverse world," said Karey Burke,...

  • The lawsuit by the Maine People's Alliance and the Natural Resources Defense Council sought to force Mallinckrodt to conduct a more extensive cleanup that includes waters downstream. "After 40 years, Mallinckrodt finally has to clean up the mess they made," said Nancy Marks, senior attorney at the Natural Resources Defense Council in New York.

  • The new protections are part of a broader rule from the Department of Health and Human Services to carry out anti-bias provisions of President Barack Obama's health care law. "This is a huge step," said Michael Silverman, director of the Transgender Legal Defense and Education Fund in New York. The Supreme Court recognized a constitutional right for same-sex...

  • NEW YORK, Sept 3- In calmer times the U.S. employment report due to be published on Friday would be the Federal Reserve's best and last economic signal before it decides whether to raise interest rates later this month for the first time in nearly a decade. "Because of the volatility, you'll need an even stronger report to get them to hike," said Thomas Costerg, senior...

  • NEW YORK, Sept 3- The euro fell on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the ECB cut its inflation and growth forecasts for the euro zone,...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday, surrendering most of the solid gains put up against the dollar since China devalued the yuan last month, after European central bankers cut economic growth targets and left interest rates unchanged. The European Central Bank lowered its forecasts for inflation and economic growth, citing a slowdown in...

  • NEW YORK— A painting of a female nude by Amedeo Modigliani that caused a scandal nearly a century ago is going on the auction block for the first time ever. It was among a series of female nudes created for his friend and dealer Leopold Zborowski. It's been exhibited at major museums around the world including New York's Museum of Modern Art.

  • *Joy Global falls after slashing full-year forecast. Sept 3- Wall Street opened higher on Thursday as data pointed to a strengthening U.S. economy and the European Central Bank indicated it could prolong its stimulus program. The ECB also cut its inflation and growth forecasts for the euro zone in the wake of lower oil prices, weaker growth in China and a...

  • NEW YORK, Sept 3- U.S. services sector growth remained robust during August but backed away from a ten-year peak touched in July as new orders, employment and pricing eased month over month, an industry report showed on Thursday. The Institute for Supply Management said its services index fell to 59 last month from 60.3 in July, which was its highest since August...

  • NEW YORK— AOL, now owned by Verizon, plans to buy mobile advertising company Millennial Media in a deal worth about $248 million. Millennial Media, based in Baltimore, runs a marketplace where publishers and marketers can buy ads or sell ad space on mobile websites, videos and apps. AOL is paying $1.75 for each share of Millennial Media, a 31 percent premium from its...

  • CHICAGO, Sept 3- Metals company Alcoa Inc said on Thursday it will invest $60 million to expand its research and development center in Pennsylvania to explore ways to make 3 D printing viable on an industrial scale to produce parts for the aerospace, automotive and construction sectors. The move is part of New York- based Alcoa's strategy of investing in more...