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Top News & Analysis New York

  • NEW YORK _ MDC Partners Inc. on Monday reported fourth-quarter net income of $7.7 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. MDC Partners shares have climbed 37 percent since the beginning of the year.

  • *HKEX hopes to leverage deep-pocketed China investors to woo Riyadh. HONG KONG, Feb 27- Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said on Monday. Charles Li, the CEO of Hong Kong...

  • NEW YORK _ National General Holdings Corp. on Monday reported fourth-quarter profit of $30.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. National General shares have climbed slightly more than 1 percent since the beginning of the year.

  • NEW YORK _ Sotheby's on Monday reported fourth-quarter net income of $65.5 million, after reporting a loss in the same period a year earlier. The New York- based company said it had net income of $1.20 per share. Sotheby's shares have risen nearly 1 percent since the beginning of the year.

  • NEW YORK _ Shutterstock Inc. on Monday reported fourth-quarter profit of $9.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Three analysts surveyed by Zacks expected $136.1 million.

  • NEW YORK _ AmTrust Financial Services Inc. on Monday reported fourth-quarter net income of $114.7 million. On a per-share basis, the New York- based company said it had net income of 57 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

  • NEW YORK _ Leucadia National Corp. on Monday reported fourth-quarter earnings of $138.2 million. On a per-share basis, the New York- based company said it had profit of 37 cents. For the year, the company reported profit of $130 million, or 34 cents per share.

  • NEW YORK _ Global Net Lease Inc. on Monday reported a key measure of profitability in its fourth quarter. The New York- based real estate investment trust said it had funds from operations of $36.2 million, or 21 cents per share, in the period. The real estate investment trust, based in New York, posted revenue of $52.8 million in the period.

  • *Gold faces resistance at $1,260, near the 200- day moving average. at 1059 GMT, having touched its highest since Nov. 11 at $1,260.10 in the previous session. Trump is due to address Congress on Tuesday.

  • *Investors eye Trump speech to Congress on Tuesday. Trump doesn't want a strong dollar and the market thinks that perhaps there would not be a rate hike in the first half of the year, "said Jiang Shu, chief analyst at Shandong Gold Group. Investors are looking towards Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide...

  • Feb 27- Gold prices held firm on Monday near 3-1/ 2- month highs hit in the previous session as investors await more clarity on President Donald Trump's economic policy. *Spot gold was little changed at $1,256.61 per ounce at 0034 GMT. The metal hit its highest since Nov. 11 at $1,260.10 in the previous session.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NORMAN, United States- Dallas Fed President Robert Kaplan to participate in a moderated Q&A session before the University of Oklahoma Price College of Business Distinguished Speaker Series- 1600 GMT. SANTA CRUZ, United States- San Francisco Fed President John Williams to speak on the economic outlook before the Santa Cruz Chamber of Commerce- 2030 GMT.

  • NEW YORK— Samsung's product showcase Sunday is notable for what's missing: a new flagship phone. That's partly so that Samsung wouldn't have to share the stage with its smartphone rivals at the Mobile World Congress trade show, which begins Monday in Barcelona, Spain. "The microscope is going to be firmly on Samsung," said Geoff Blaber, an analyst with the research...

  • BOSTON— A new nickname for the river valley in western Massachusetts isn't sitting well with some residents. Pioneer Valley generally refers to the Massachusetts portion of the Connecticut River Valley. It includes Springfield, New England' s fourth largest city, and the college towns of Amherst, Northampton and Holyoke.

  • UNDERHILL, Vt.— Maple syrup doesn't get that rich flavor and color in an instant. It's a long process from tree to bottle. It all comes down to how efficient you can be to make syrup, and this is just the next big step to save time, "said Timothy Perkins, director of the University of Vermont's Proctor Maple Research Center.

  • NEW YORK— Samsung's fiasco with its fire-prone Note 7 phone has pushed its rival LG to take additional precautions with its next smartphone. Samsung recalled millions of Note 7 phones after dozens overheated and caught on fire. "We started by placing these two as far apart as possible and then built the phone around it," LG spokesman Frank Lee said.

  • NEW YORK— A trans-Atlantic wave of puzzlement is rippling across Sweden for the second time in a week, after a prominent Fox News program featured a "Swedish defense and national security advisor" who's unknown to the country's military and foreign-affairs officials. Swedes, and some Americans, have been wondering about representations of the Nordic nation in...

  • NEW YORK, Feb 25- Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. Some critics, including BlackRock Inc Chief Executive Officer Larry Fink, think the practice of companies buying back their own shares to boost...

  • Feb 25- Berkshire Hathaway Inc shareholders might have been forgiven on Saturday for looking at the company's annual report and wondering why some $56 billion of cash appeared to vanish. In his annual shareholder letter, Buffett said Berkshire has about $86 billion of cash and equivalents, roughly triple the $28 billion shown on the cash flow statement.