Top News & Analysis New York

More

  • Feb 13- Insight Venture Partners is nearing a deal to acquire Diligent Corp, a maker of software used by corporate boards, two people familiar with the matter said on Saturday. The New York- based company's shares, which are listed in New Zealand, ended trading on Friday at NZ $5.64, valuing the company at NZ $493.4 million. Insight's agreement to acquire Diligent...

  • WASHINGTON, Feb 13- In almost 30 years on the bench of the U.S. Supreme Court Justice Antonin Scalia was strident, colorful, and most of all, conservative. That made him an unlikely buddy for fellow justice Ruth Bader Ginsburg. Scalia, who died at age 79, was appointed to the high court by President Ronald Reagan in 1986 and built a reputation as one of the nation's most...

  • NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...

  • DIARY-Top Economic Events to Feb 27 Friday, 12 Feb 2016 | 7:01 PM ET

    BRUSSELS- European Central Bank President Mario Draghi speaks at the European Parliament- 1400 GMT. TUESDAY, FEBRUARY 16 WASHINGTON- Minneapolis Federal Reserve Bank President Kashkari speaks at Brookings Institution- 1530 GMT. NEWARK- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the 2016 Economic...

  • It was unclear whether the SEC would file any charges against Boeing. The SEC declined to comment. Boeing declined to comment on the reported SEC probe or its use of program accounting.

  • Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. They will have 15 days starting Tuesday to submit route applications to the U.S. Transportation Department, its...

  • NEW YORK, Feb 12- As Wall Street struggles to find its footing after a shaky start to the year, investors are not getting any solace from corporate earnings. The S&P 500 has lost about 9 percent since Dec. 31. "We're not going in the right direction in terms of earnings," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.

  • January retail sales number suggests U.S. economic strength. NEW YORK, Feb 12- The dollar rose on Friday after data showed U.S. consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. On Friday, the dollar rose 0.75 percent to 113.26...

  • U.S. and Cuba to sign aviation pact on Feb. 16 Friday, 12 Feb 2016 | 4:51 PM ET

    Feb 12- Top U.S. officials will travel to Havana on Feb. 16 to sign an aviation pact that restores scheduled airline service between the United States and Cuba for the first time in more than 50 years, the U.S. Transportation Department said on Friday. U.S. airlines still must apply for permission from U.S. regulators to fly specific routes before they sell tickets to...

  • Deutsche Bank and Wynn Resorts rise, Pandora tumbles Friday, 12 Feb 2016 | 4:39 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:. Deutsche Bank AG, up $1.87 to $17.38. Pandora Media Inc., down $1.09 to $8.

  • HAVANA— The United States and Cuba will sign an agreement next week to resume commercial air traffic for the first time in five decades, starting the clock on dozens of new flights operating daily by next fall, U.S. officials said Friday. Barring other major announcements, it would be the most significant development in U.S.- Cuba trade since Presidents Barack...

  • Ark Restaurants posts 1Q profit Friday, 12 Feb 2016 | 4:09 PM ET

    NEW YORK _ Ark Restaurants Corp. on Friday reported fiscal first-quarter earnings of $321,000. Ark Restaurants shares have fallen 11 percent since the beginning of the year. Keywords: Ark Restaurants, Earnings Report.

  • That's what many ranchers and sympathizers opposing federal control of public lands in the West concluded after the armed occupation of a national wildlife refuge in Oregon. But not all condone the tactics of the armed group that drew the nation's gaze to the snowy landscapes of eastern Oregon. State lawmakers, notably in Utah, are considering a legal way to...

  • NEW YORK, Feb 12- U.S. The Commerce Department said retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month after an unrevised 0.3 percent decline in December. "The upbeat retail numbers provided a rebound and the fear-trade we saw all week seems to have moved on for now," said Kathy Jones, chief fixed...

  • What Facebook's policy on nudity means in practice Friday, 12 Feb 2016 | 3:36 PM ET

    NEW YORK— What are Facebook's rules for posting nude images? The question is at the forefront again after a French court ruled Friday that a French art teacher can sue the social media service after it suspended his Facebook account. The latest community-standards policy, from March 2015, says Facebook restricts photos of genitals or fully exposed buttocks, as...

  • NEW YORK— Shares of the Pandora Media plummeted Friday, a day after the Internet radio company reported fourth-quarter earnings that fell short of Wall Street expectations. With that service, Pandora faces increasing competition for users from Spotify, Apple Music and other streaming services, said BTIG Research analyst Richard Greenfield in a note to...

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. Google last participated in a 2008 FCC auction but did not buy any airwaves.

  • NEW YORK, Feb 12- The Bank of Japan designed its new negative interest rates to avoid hurting bank profits, and the recent drop in bank stocks is "overdone," the BOJ's deputy governor said on Friday in what amounted to a defense of last month's shock policy decision. Hiroshi Nakaso, seeking to explain the move to bankers and investors in New York, said that while a key...

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. The FCC's deadline for interested bidders to file applications to participate in the auction ended on Wednesday.

  • Business events scheduled for the coming week Friday, 12 Feb 2016 | 2:36 PM ET

    WASHINGTON— The Federal Reserve of New York releases its February survey of manufacturers, 8:30 a.m.. WASHINGTON— Labor Department releases the Producer Price Index for January, 8:30 a.m.; Commerce Department releases housing starts for January, 8:30 a.m.; Federal Reserve releases industrial production for January, 9:15 a.m.; Federal Reserve releases...