Top News & Analysis New York City

  • *Producers to establish compliance mechanism at meeting- OPEC. A weekend meeting in Vienna of members of the Organization of the Petroleum Exporting Countries and some producers outside of the group, including Russia, will establish a compliance mechanism to verify producers are sticking to a deal to reduce output by 1.8 million barrels per day, OPEC's...

  • *Officials in Washington D.C. prepare for massive protests. NEW YORK, Jan 20- U.S. stocks rose along with Treasury yields on Friday, the last day of a choppy trading week, as investors awaited Donald Trump's Presidential inauguration later in the day. Caution ahead of the former reality TV star's impending inauguration speech offset better-than-expected...

  • LONDON, Jan 20- Copper prices rose on Friday as the dollar slipped, but gains were capped by weak investment and industrial production data from top consumer China fuelling worries about demand. Benchmark copper on the London Metal Exchange was up 0.7 percent at $5,779 a tonne at 1524 GMT but it is on course for its first weekly loss since before the Christmas...

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit will take on 80 percent of net losses in excess of the first $25 billion, with a maximum...

  • Jan 20- U.S. stocks rose amid gains across sectors on Friday as investors counted down to Donald Trump's inauguration as the 45th president of the United States. Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by U.S. Supreme Court Chief Justice John Roberts in Washington. Trump's campaign promises of tax and...

  • NEW YORK— The latest on developments in financial markets:. Traders were keeping a close eye on the inauguration of Donald Trump as U.S. president and on corporate earnings. Procter& Gamble rose after releasing a strong growth forecast, while General Electric fell after the conglomerate reported fourth-quarter revenue that fell short of analysts' estimates.

  • *Goldman bought Hanson shares from Platinum Partners. Benny Tjokrosaputro, president director of Indonesian property developer PT Hanson International Tbk, filed a lawsuit in a Jakarta court on Sept. 8 against Goldman's unit, Goldman Sachs International. In an emailed statement on Friday, Goldman said Goldman Sachs International bought the shares from New...

  • NEW YORK, Jan 20- U.S. Treasury yields rose on Friday as investors evaluated the prospect of faster growth and higher inflation before Donald Trump's inauguration as U.S. president. "Clients believe that what you are going to see down the road is more supply by this administration, whether it's a 50- year bond or just more supply to finance what they want to do in...

  • Jan 20- U.S. stocks looked set to advance on Friday, with investors counting down to Donald Trump's inauguration as the 45th president of the United States. Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by Supreme Court Chief Justice John Roberts in Washington. "All eyes will be on the content and style of Trump's...

  • Jan 20- U.S. stock index futures treaded water on Friday ahead of Donald Trump's inauguration as the 45th U.S. *Futures also got a lift after Federal Reserve Chair Janet Yellen backed her stance for gradual interest rate increases on Thursday. *Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by Supreme Court Chief...

  • NEW YORK— Schlumberger NV on Friday reported another loss during its most recent fourth quarter as low energy prices continue to impact revenue. Still, the results met Wall Street expectations, with the average estimate of 17 analysts surveyed by Zacks Investment Research for earnings of 27 cents per share. The company, with bases in Paris, Houston, London and The...

  • NEW YORK— The founder of Brooklyn Brewery says the local craft beer business with a global brand won't be moving after all. Company co-founder Steve Hindy told The New York Times on Thursday that he and Brooklyn Brewery's top executives have decided not to leave its longtime home in the borough's Williamsburg section. Brooklyn Brewery's products include...

  • *U.S. alliance remains Japan's security cornerstone-PM. TOKYO, Jan 20- Japanese Prime Minister Shinzo Abe, speaking in parliament hours before U.S. Trump sparked worries in Tokyo and the rest of the Asia-Pacific with campaign comments which included a pledge to make allies pay more for the security provided by U.S. forces and opposition to the Trans-Pacific...

  • SHANGHAI, Jan 20- China stocks ended a volatile week on an upbeat note on Friday, as main indexes rose after data showing faster-than-expected economic growth fuelled blue-chips, while a surge in small-caps erased most of the losses earlier in the week. Still, some analysts were wary of the headwinds as Donald Trump prepared to be sworn in as the 45th U.S. president...

  • Another crop of encouraging company earnings news also helped lift the market, but investors were mostly focused on events in Washington as Donald Trump was sworn in as the 45th president of the United States. Among topics of particular interest to Wall Street, the speech touched on trade and the Trump administration's intention of protecting the U.S. from "the...

  • LOS ANGELES, Jan 20- Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. "There are moments when it's really hard to make a decision about a pickup," Freeform President Tom Ascheim said, announcing the renewal at a...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found...

  • WASHINGTON/ NEW YORK, Jan 19- David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve's top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. In 2008, Nason was a deputy to Treasury Secretary Henry Paulson as U.S....

  • Jan 19- Las Vegas Sands Corp agreed to pay a $6.96 million criminal penalty to end a U.S. Department of Justice probe into whether it violated a federal anti-bribery law by making payments to a consultant to help it do business in China and Macau. The resolution of the Foreign Corrupt Practices Act case follows Las Vegas Sands' related $9 million civil settlement...

  • Jan 19- Las Vegas Sands Corp agreed to pay a $6.96 million criminal penalty to end a U.S. Department of Justice probe into whether it violated a federal anti-bribery law by paying a consultant to help it do business in China and Macau. In a statement on Thursday, the Justice Department said the casino operator run by billionaire Sheldon Adelson also entered a...