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Top News & Analysis New York

  • NEW HAMPTON, N.Y. _ Balchem Corp. on Tuesday reported fourth-quarter profit of $15.9 million. The New Hampton, New York- based company said it had net income of 50 cents per share. For the year, the company reported profit of $56 million, or $1.75 per share.

  • LONDON, Feb 28- Intercontinental Exchange is looking into setting up a London- based metals trading system, industry sources familiar with the matter said, more than four years after its ailed attempt to buy the London Metal Exchange. The sources said New York- listed ICE is talking to Martin Abbott, a former chief executive of the 140- year-old LME, the world's...

  • Feb 28- JPMorgan Chase& Co, the biggest U.S. bank by assets, said it expected 2017 expenses to rise about 3.4 percent as it spends more on technology and in signing up new credit card accounts. Total adjusted expenses for 2017 are expected to be about $58 billion, up from $56.1 billion in 2016, according to slides posted on the company's website as part of the bank's...

  • Feb 28- Canada's Valeant Pharmaceuticals International Inc reported a better-than-expected quarterly profit on Tuesday, helped by lower costs and strength in its Bausch and Lomb eyecare business. Net loss attributable to Valeant widened to $515 million, or $1.47 per share in the fourth quarter ended Dec. 31, from $385 million, or $1.12 per share, a year earlier.

  • NEW YORK _ Ophthotech Corp. on Tuesday reported a loss of $66.3 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.64 per share. Four analysts surveyed by Zacks expected $6.3 million.

  • LONG ISLAND CITY, N.Y. _ Steven Madden Ltd. on Tuesday reported fourth-quarter profit of $28.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share. Four analysts surveyed by Zacks expected $336.3 million.

  • NEW YORK _ New Senior Investment Group Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in New York, said it had funds from operations of $26 million, or 31 cents per share, in the period. The company said it had a loss of $2.8 million, or 3 cents per share.

  • NEW YORK _ ExlService Holdings Inc. on Tuesday reported fourth-quarter net income of $15.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 61 cents per share. ExlService Holdings expects full-year earnings in the range of $2.50 to $2.60 per share, with revenue in the range of $735 million to $760...

  • NEW YORK _ Drive Shack Inc. on Tuesday reported a loss of $19.7 million in its fourth quarter. On a per-share basis, the New York- based company said it had a loss of 32 cents. For the year, the company reported a loss of $65.9 million, or $1.04 per share, swinging to a loss in the period.

  • PARIS, Feb 28- If financial markets are a guide, France is facing a perilous period of turbulence and uncertainty as the presidential election nears. While France's bond yields have spiked and its stocks have trailed the rest of the euro zone, as investors run scared of political risk, the country's economic prospects are actually looking up.

  • Jordan Horowitz, producer of the movie "La La Land," was forced to acknowledge the major error last night. Moonlight wins the Best Picture Oscar after a mishap that named La La Land the winner at the 89th Annual Academy Awards.

    Media reports said accountant had been tweeting backstage shortly before he gave presenters Warren Beatty and Faye Dunaway the wrong envelope.

  • Accountant Brian Cullinan, who media reports said had been tweeting backstage shortly before, gave presenters Warren Beatty and Faye Dunaway the wrong envelope for the movie industry's top award on Sunday, the accounting firm said in a statement. In a gaffe that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide, "Cullinan...

  • MILAN— Starbucks CEO Howard Schultz's vision for the chain was largely inspired by the coffee bars he saw on his first trip to Milan more than three decades ago. "I didn't think we were ready to come to Italy," Schultz told The Associated Press in an interview Monday. "I think Italy is such a special place.

  • LOS ANGELES, Feb 27- An accountant for the Academy Awards botched the meticulous procedure for announcing the Oscar for best picture when he handed victory to "La La Land" before declaring "Moonlight" the real winner, PricewaterhouseCoopers said on Monday. In a gaffe on Sunday that stunned the Dolby Theatre crowd in Hollywood and a television audience worldwide,...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on the boards of more than a...

  • Feb 27- Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's hedge fund firm, and it was unclear on Monday how Icahn's interests will be represented at those companies going forward. Merksamer had since 2008 been a managing director at Icahn Capital, a unit of Icahn Enterprises LP, and served on...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • BASEL, Switzerland- Bank of England Banknotes and Chief Cashier Director Victoria Cleland will speak on "Introduction of the new Bank of England 5 Euro note" at World Banknote Summit 2017- 0950 GMT. PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before an event hosted by the Temple...

  • NEW YORK— A top engineering executive at Uber, Amit Singhal, is out five weeks after his hire was announced. Uber CEO Travis Kalanick has called for an independent investigation of those issues, and the company has hired former Attorney General Eric Holder to help. In a statement emailed to The Associated Press, Singhal said: "Harassment is unacceptable in any...

  • NEW YORK _ Apollo Commercial Real Estate Finance on Monday reported fourth-quarter net income of $59 million. On a per-share basis, the New York- based company said it had net income of 60 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.