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Top News & Analysis New York

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • NEW YORK, March 29- A U.S. judge dismissed a lawsuit claiming that the hit CBS comedy "The Big Bang Theory" borrowed lyrics without permission for "Soft Kitty," a song used on several episodes of the show. The lawsuit had been brought in December 2015 by the daughters of Edith Newlin, a New Hampshire nursery school teacher who had written the nearly identical poem "Warm...

  • NEW YORK, March 29- U.S. After the legislative debacle last Friday when President Donald Trump's fellow Republicans withdrew their own healthcare bill, investors worried about other reforms on his economic agenda that could get waylaid as well, such as taxes. "The ongoing political uncertainty and the whole Trump agenda have led people to doubt about what would...

  • *OPEC oil output falls more in March- Reuters survey. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose more than 2 percent on Wednesday as U.S. crude inventories grew less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • March 29- Mylan NV said on Wednesday the U.S. Food and Drug Administration declined to approve its generic version of GlaxoSmithKline Plc's blockbuster Advair asthma treatment, but provided no details of the agency's concerns or how long the product might be delayed. Mylan said it received a so-called complete response letter from the FDA, which had been...

  • NEW YORK/ LONDON, March 29- Gold edged up on Wednesday, hovering below Monday's one-month high as uncertainty about Brexit talks, French elections and U.S. "There are a lot of uncertainties regarding the Trump reflation trade after the failure last week to overhaul Obamacare, and uncertainty in Europe with French elections coming up and the official start today...

  • *S8 to go on sale on April 21. SEOUL/ NEW YORK- March 29- Samsung Electronics Co Ltd unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc after the embarrassing withdrawal of the fire-prone Note 7 s. They will go on sale on April 21.

  • WASHINGTON— President Donald Trump's top health official got strong pushback Wednesday from lawmakers of both parties about deep cuts the White House is pressing in medical research, public health and social service programs. Democrats were pummeling Price with a phrase used by White House strategist Stephen Bannon, who has said "deconstruction of the...

  • *Charged with being part of scheme to breach Iran sanctions. ISTANBUL, March 29- Shares of Turkish state lender Halkbank suffered their biggest one-day fall on Wednesday after U.S. prosecutors charged a senior executive with participating in a multi-year scheme to violate sanctions against Iran. Halkbank, Turkey's fifth-largest listed bank by assets,...

  • March 29- If utilities in Georgia or South Carolina decide not to complete nuclear power reactors under construction by Westinghouse Electric Co following its bankruptcy, those units would join a long list of abandoned U.S. nuclear projects. Westinghouse, a unit of Japanese conglomerate Toshiba Corp, is building two reactors for Georgia Power and partners at...

  • NEW YORK— The New York Police Department is investigating the apparent suicide of a hedge fund partner whose former firm invested with imprisoned Ponzi schemer Bernard Madoff. Charles Murphy plunged from a 24th- floor window of the Sofitel New York Hotel on Monday. Murphy previously worked at the Fairfield Greenwich Group, which agreed to pay $8 million to...

  • NEW YORK, March 29- A U.S. stock rally fueled by optimism President Donald Trump will boost the economy may be near its peak, according to a Reuters poll of strategists who forecast U.S. shares will gain less than 3 percent between now and year-end. The run up since the Nov. 8 U.S. election has left the S&P 500 at levels many consider overvalued, and some strategists say a...

  • *OPEC oil output falls more in March- Reuters survey. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose nearly 2 percent on Wednesday as U.S. crude inventories rose less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • Tichaona Brown and Tabrese Wright, who sued this week in New York State Supreme Court in the Bronx, said their boss talked about her physical fear of black people, humiliated them by making them repeat words she believes blacks pronounce incorrectly and mocked the "Black Lives Matter" movement. "There is no place for inappropriate verbal remarks like this at Fox...

  • NEW YORK, March 29- Stocks edged up on Wall Street on Wednesday, not enough to lift a global equities index, while crude futures hit a week high after a smaller-than-expected build in U.S. inventories. Weighing on the euro and pound, Prime Minister Theresa May formally began Britain's divorce from the European Union, a decision pitching her country into the unknown.

  • In recent days, discount sites such as airfarewatchdog.com have highlighted round trips including San Francisco- Copenhagen, Los Angeles- Stockholm and New York- Barcelona for under $400 and New York- Tel Aviv, Chicago- Bangkok and Los Angeles- Manilla for under $650 for travelers who can avoid the peak summer season. "What it boils down to is, be respectful and be...

  • While Trump's plan, released March 16, is far from the final word on the subject, he has called for a $54 billion increase in the Pentagon's budget. He has proposed cuts elsewhere, such as the Environmental Protection Agency and the Commerce Department, and no funding at all for 19 agencies including the National Endowment for the Arts. The formal request that will...

  • *Armed protesters block 250,000 bpd of production in Libya. *OPEC- led production cut expected to be extended into H2. NEW YORK, March 29- Oil prices rose again on Wednesday, up another 1.5 percent as U.S. crude inventories rose less than expected, supply disruptions continued in Libya and the OPEC- led output cut by producing countries looked likely to be extended.

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • March 29- U.S. gasoline stocks and distillate stockpiles dropped sharply last week as refinery runs jumped, while crude inventories grew less than anticipated, a relief for those hoping for a long-anticipated drawdown in petroleum stocks, the Energy Information Administration said on Wednesday. "A little surprised by the magnitude of refined product draws,...