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Top News & Analysis New York

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  • NEW YORK— A business trip might leave you too tired to venture out for dinner. Elizabeth McCourt, a headhunter and executive coach with her own company, McCourt Leadership Group, is a foodie who loves trying great restaurants when she travels, from Alice Waters' Chez Panisse in Berkeley, California, to Paul Prudhomme's K-Paul's Louisiana Kitchen in New Orleans.

  • NEW YORK— Acco Brands Corp. is recalling about 3.3 million wall-mounted dry erase boards after customers said they cut their hands, fingers and feet while removing the board from a wall. The U.S. Consumer Product Safety Commission says metal can be exposed when the board is taken down from a wall. The boards were sold under the Quartet brand at Ace Hardware, Office...

  • July 30- T-Mobile US Inc on Thursday posted better-than-expected second-quarter profit and revenue and raised its 2015 subscriber forecast for the second time this year, boosting shares by 4.5 percent. The company has revamped pricing plans, eliminated service contracts and launched marketing campaigns to turn around years of subscriber losses and lure...

  • WASHINGTON— The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading. The justices should reverse the December ruling by the 2nd U.S. Circuit Court of Appeals in...

  • SAO PAULO, July 30- Brazilian planemaker Embraer SA said on Thursday it will delay development of a military cargo jet and forgo $300 million of revenue this year due to Brazil's weaker currency and defense spending cuts, triggering the biggest drop in its shares in nearly four years. Embraer now plans to deliver its first KC-390 cargo aircraft to the Brazilian...

  • NEW YORK— Shares of Synergy Pharmaceuticals rose about 10 percent Thursday after the company said its constipation drug plecanatide met its goals in a second late-stage study. Plecanatide met its goals in both of those trials, and Synergy Pharmaceuticals says it plans to file for marketing approval in January. Synergy Pharmaceuticals Inc. doesn't have any...

  • NEW YORK— A former New York state Senate leader and his son have pleaded not guilty to the latest charges against them in a corruption case. Dean Skelos and his 33- year-old son, Adam, entered the pleas Thursday at their arraignment in Manhattan federal court. He retains his Senate seat.

  • July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...

  • *Some optimists see historical parallels with Japan. LONDON, July 30- China's $2 trillion equity rout may not be over yet but some foreign investors, far from fleeing a volatile market dominated by small-time traders, are swimming against the tide and buying more shares. Some in this small band of optimists see historical parallels with Japan, where the stock...

  • Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and recent stock market tumble in China. Brent was up 50 cents, or 1 percent, at $53.88 a barrel by 10:27 a.m. EDT, extending its slight rise in the previous session.

  • NEW YORK _ Hudson Global Inc. on Thursday reported second-quarter net income of $13.9 million, after reporting a loss in the same period a year earlier. For the current quarter ending in September, Hudson Global said it expects revenue in the range of $105 million to $115 million. Keywords: Hudson Global, Earnings Report.

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • HEDGE FUND MANAGER JOHN PAULSON DONATES $8.5 MILLION TO NEW YORK CITY CHARTER SCHOOL NETWORK.

  • *HollyFrontier shares surge, Tesoro falls. July 30- Tesoro Corp held talks to buy smaller rival oil refiner HollyFrontier Corp earlier this year in a bid to join the top echelons of the competitive U.S. refining industry, according to people familiar with the matter. The sources did not disclose Tesoro's offer price for HollyFrontier, which has a market...

  • Q2 GDP data supports view on Fed rate hike. *Greenback gains against major currencies. NEW YORK, July 30- The dollar rose to its highest level this week on Thursday as news of faster U.S. economic expansion in the second quarter supported the notion that the U.S.

  • NEW YORK— Stocks were slightly lower Thursday, following disappointing results from several big companies including Procter& Gamble, Whole Foods and Facebook. NO SALE: Consumer products giant Procter& Gamble fell $2.78, or 3.5 percent, to $77.83. The maker of Tide detergent and Gillette razors reported softer sales than what Wall Street analysts had expected.

  • "The stock probably will see a bit of a rebound solely based on having reached a 52- week low, and people are going to look at the dividend yield, which has gotten pretty attractive," said Peter Prattas, analyst at AltaCorp Capital. Saskatoon, Saskatchewan- based Potash Corp said it intends to talk with K+ S management, despite its rejection this month of Potash Corp's...

  • LONG ISLAND CITY, N.Y. _ Standard Motor Products Inc. on Thursday reported second-quarter earnings of $13.4 million. Standard Motor Products shares have decreased 16 percent since the beginning of the year. Keywords: Standard Motor Products, Earnings Report.

  • NEW YORK, July 30- The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The arrival of Apple Inc, Facebook Inc and Google Inc over the past decade has...

  • But there are signs of slowing momentum around major job hubs such as New York, Los Angeles and Washington. Real estate data firm Zillow said Thursday that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year ago. "Rents are insanely unaffordable on a historical basis in the United States right now," said Stan Humphries, chief economist at...