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Top News & Analysis New York City

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  • NEW YORK— Poland lacks probable cause to extradite a Russian art dealer living in New York on criminal charges accusing him of knowing that an 18th- century painting taken from a Polish museum by the Nazis during World War II was stolen property when he inherited it from his father, a judge ruled Monday. District Judge Jed Rakoff in Manhattan rejected the request...

  • NEW YORK, Aug 3- PetroChina Co on Monday won the dismissal of a U.S. class-action lawsuit arising from an alleged bribery scheme at China's state-run oil company. District Judge Edgardo Ramos in Manhattan dismissed claims by PetroChina investors who accused the company and various officials, including former Chairman Jiang Jiemin, of deceiving them about its...

  • NEW YORK _ Rouse Properties Inc. on Monday reported a key measure of profitability in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share. Rouse Properties expects full-year funds from operations to be $1.74 to $1.78 per share.

  • NEW YORK— Shares of MedAssets jumped in aftermarket trading Monday after activist investment firm Starboard Value LP said it had taken a stake in the health care company. Starboard said it believes MedAssets Inc. could boost its share price by cutting expenses, making better capital spending decisions and improving its corporate governance, and said...

  • NEW YORK _ Macquarie Infrastructure Co. on Monday reported a second-quarter loss of $63.1 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • NEW YORK _ On Deck Capital Inc. on Monday reported second-quarter net income of $5 million. For the current quarter ending in September, On Deck Capital said it expects revenue in the range of $61 million to $63 million. On Deck Capital shares have declined 40 percent since the beginning of the year.

  • NEW YORK, Aug 3- New York state's financial watchdog effectively suspended Promontory Financial Group LLC, a prominent consulting firm, from doing regulatory work for banks licensed by the state after finding that it whitewashed reports it gave to authorities. The New York State Department of Financial Services found that Promontory was not sufficiently...

  • District Judge Paul Crotty in Manhattan said Roger Darin, a Swiss citizen, was "flouting judicial process" by remaining in his home country to avoid arrest while sending lawyers to ask the judge to dismiss the case. Darin's lawyers argued he was not a fugitive since he had never fled, let alone appeared, in the United States since the U.S. Justice Department filed its...

  • NEW YORK _ National General Holdings Corp. on Monday reported second-quarter net income of $38.5 million. National General shares have climbed 23 percent since the beginning of the year. Keywords: National General Holdings, Earnings Report.

  • Aug 3- Pacific Investment Management Co said on Monday it may face U.S. Securities and Exchange Commission civil charges over an exchange-traded fund once managed by prominent bond investor Bill Gross. Pimco, a unit of Germany's Allianz SE, said it received a "Wells notice" from the SEC related to its Pimco Total Return Active Exchange-Traded Fund.

  • NEW YORK/ LONDON, Aug 3- A key global commodities price benchmark sank to 12- year lows on Monday as copper and sugar prices hit fresh multi-year lows and oil fell below $50 for the first time in six months, as fears about a hard economic landing in China and global glut deepened. "Weak Chinese data and Iranian braggadocio about 500,000 additional barrels on the...

  • The investment management company said it received a Wells notice, which means SEC investigators are recommending that the agency take civil action against the company. Pimco said it will have an opportunity to demonstrate to the SEC why it believes its actions were appropriate and standard for its industry, and that regulators shouldn't take any action...

  • NEW YORK _ Vornado Realty Trust on Monday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.24 per share. Four analysts surveyed by Zacks expected $619.7 million.

  • *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.