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Top News & Analysis New York City

  • NEWARK, N.J.— A Ukrainian hacker involved in an international scheme that used stolen unpublished news releases to make about $30 million in profits was sentenced Monday to more than two years in prison. The 29- year-old Kiev man was among several people arrested in August 2015 in the U.S. and Ukraine, according to the U.S. attorney's office in New Jersey.

  • CANNES, France— This year's Cannes Film Festival has been a sprawling, international referendum on Netflix, with votes registered in catcalls and applause, and some of the biggest names in cinema staking out their positions. As the world's largest and most prestigious film festival, Cannes has often been a kind of glitzy, French Riviera town hall that measures...

  • HARTFORD, Conn.— A court on Monday overturned an order for a Connecticut financier to pay nearly $90,000 in attorney fees racked up by a British television host during a long-running and bitter international child custody dispute. Custody proceedings remain pending in England. His father, Pierre Rinfret, was an economic adviser to Presidents John F. Kennedy,...

  • NEW YORK— Shares of the three major U.S. defense contractors rose to all-time highs in the first day of trading after President Donald Trump bestowed Saudi Arabia with a $110 billion arms deal. The agreement, which could expand up to $350 billion over 10 years, sent shares of Lockheed Martin Corp., Northrop Grumman Corp. and Raytheon Co. to unprecedented heights.

  • *OPEC- led supply cut seen extended by six to nine months. *Saudi energy minister visits Iraq seeking output cut extension. *Soaring U.S. production undermines OPEC efforts.

  • The drug, romosozumab, which would be sold under the brand name Evenity if approved, is awaiting an approval decision by the Food and Drug Administration. But the new safety data, which cropped up in an otherwise successful trial, will have to be taken into consideration, delaying any FDA decision and leaving the product's future uncertain. The news is a blow for...

  • ALBANY, N.Y.— Some New York state lawmakers want to withhold millions of dollars of funding from Penn Station until Amtrak resolves chronic commuter train delays at the busy New York City train facility. The bill before the state Senate would direct the Long Island Rail Road and the Metropolitan Transportation Authority not to make payments to Penn Station...

  • *Brent crude top $54 per barrel on OPEC hopes. NEW YORK, May 22- The euro surged to a more than six-month high on Monday after German Chancellor Angela Merkel said it was "too weak," while oil prices were bolstered by expectations that top exporters will extend supply curbs this week. A one-month high for oil futures on hopes of a supply cut by the Organization of the...

  • The campaign had several twists, including the resignation of the hedge fund's main target: Arconic's ex-CEO Klaus Kleinfeld. Kleinfeld was forced to resign after sending a threatening letter to Elliott's founder, Paul Singer, that Arconic's board did not approve. The activist investor supported one of Arconic's nominees, board member Ulrich Schmidt.

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. They announced seven investment-grade deals and seven junk bond offerings on Monday, according to IFR, a Thomson Reuters unit.

  • NEW YORK— Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO. Elliott owns more than 13 percent in Arconic Inc. and has pushed for management changes, complaining of underperformance at the New York- based maker of aluminum parts for the aviation and automotive industries. Arconic was created after...

  • Technology companies are closing in on all-time highs and continued to rise Monday, led by big names like Cisco Systems and Qualcomm. Aerospace and defense companies rose after President Donald Trump presided over a huge sale of military equipment to Saudi Arabia. Sameer Samana, a strategist for Wells Fargo Investment Institute, said people continue to spend...

  • WASHINGTON, May 22- The top Democrat on the U.S. Senate committee overseeing pensions on Monday asked the U.S. Office of Government Ethics to assess whether President Donald Trump is violating the Constitution and federal bans on conflicts of interest. Trump may be profiting from the retirement plans of millions of our nations public servants, Senator Patty...

  • GENEVA— Swiss specialty chemicals maker Clariant and Texas' Huntsman Corp. will attempt to join and create a company with a market value of $13.8 billion, the latest proposed deal in a chemicals industry that is seeking to consolidate rapidly. If approved, Clariant shareholders would own 52 percent of the company and Huntsman shareholders would own 48 percent.

  • NEW YORK, May 22- Ledger Holdings, the New York- based parent company of bitcoin options exchange LedgerX, said on Monday it closed $11.4 million in funding led by Miami International Holdings Inc and China's Huiyin Blockchain Venture Investments. "In the short term, these investments will further our application to become a regulated exchange and clearing...

  • May 21- Hunstman Corp and Clariant AG are set to announce their merger on Monday, creating a chemical manufacturer with a market value of more than $14 billion, people familiar with the matter said on Sunday. The deal would combine Clariant, a Muttenz, Switzerland- based maker of aircraft de-icing fluids, pesticide ingredients and plastic coloring, with Woodlands,...

  • May 21- Hunstman Corp and Clariant AG are set to announce their merger on Monday, creating a chemical manufacturer with a market value of more than $14 billion, people familiar with the matter said on Sunday. The Wall Street Journal reported earlier on Sunday, citing sources, that Clariant shareholders stood to own about 52 percent of the combined company...

  • After 146 years of existence, the circus gave its final performance Sunday evening in Uniondale, New York, outside of New York City. Ringling's parent company, Feld Entertainment, announced in January that it would close the production, citing declining attendance and high operating costs. Sunday night's 7 p.m. performance was the last of three final shows in...

  • NEW YORK— Boxed caters to millennials looking to do their bulk buying from their phones. CEO AND CO-FOUNDER: Chieh Huang. DISTRIBUTION CENTERS: Boxed operates distribution centers in Las Vegas; Atlanta; Dallas; and Union, New Jersey.

  • NEW YORK— Boxed co-founder and CEO Chieh Huang is focusing on millennials who want bulk-sized deals on items like toilet paper and peanut butter— but who can't or won't drive to warehouse stores. Items are shipped throughout the country from distribution centers in Las Vegas, Atlanta, Dallas, and Union, New Jersey, where the company is based. Huang, 35, the son of...