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Top News & Analysis New York

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  • SAG HARBOR, N.Y.— A New York City real estate executive has been arraigned on drunken driving charges after a fatal car crash in the Hamptons. Police say 42- year-old Sean Ludwick was arrested early Sunday in Sag Harbor after he lost control of his 2013 Porsche and struck a utility pole. His passenger, 53- year-old Paul Hansen of Sag Harbor, died.

  • NEW YORK— Western Union said Monday that it is now offering money transfers out of Greece two months after that service was suspended. Western Union said customers in Greece can use its Paylink agent to send as much as 500 euros a month to other countries. The Greek postal service ELTA is also a Western Union agent, but the company said ELTA still cannot transfer...

  • *China worries, Fed outlook spook investors. NEW YORK, Aug 31- World stock indexes edged lower on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates, while oil prices rallied. Oil was up more than $2 a barrel, rebounding from early losses, as data showed contracting U.S. production and OPEC...

  • *OPEC says worried about prices, ready to talk to other producers. NEW YORK, Aug 31- Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August's price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices. Since November, OPEC countries led by Saudi...

  • The pieces are among millions held by the Illinois State Museum, a favorite stop for school groups and scientists looking to learn the history of a state that, millions of years before it went broke, was literally underwater. Bruce Rauner is targeting the 138- year-old museum and four satellite sites for closure, the latest in a series of cuts the former...

  • NEW YORK— The Carlyle Group will pay $98 million to buy candle seller Blyth, the private equity firm said Monday. Shares of The Carlyle Group LP, based in Washington, D.C., fell 25 cents to $21.65 in midday trading Monday. Shares of Blyth Inc. soared $3.03 to $5.95.

  • Aug 31- Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at about $346 million. The company engaged Barclays as its financial adviser for the process. MagnaChip's total revenue fell 5.8 percent to $162 million in the second quarter ended June 30, from a year...

  • JERUSALEM/ CAIRO, Aug 31- Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground. "It's a bit early to assess the quality of the data and their significance, but if they are accurate, the discovery off Egypt's coast is bad news for the Israeli economy and the companies...

  • NEW YORK— Stocks remained mostly lower in midday trading Monday, but a spike in oil prices helped energy shares reverse an early decline. U.S. crude surged $2.49, or 6 percent, to $47.80 a barrel after the U.S. Energy Department cut its estimate for the country's oil production, citing reduced production in Texas. Newfield Exploration gained 3 percent, Valero Energy...

  • NEW YORK, Aug 31- Argentina's central bank on Monday won the reversal of a U.S. court ruling that had allowed bondholders to try to hold it responsible for the country's obligations on debt that has been in default since 2002.. The 2nd U.S. Circuit Court of Appeals in New York overturned a 2013 ruling denying a bid by Banco Central de la República Argentina to...

  • NEW YORK— Bristol-Myers Squibb Co. is paying up to $1.25 billion for the rights to a developing fibrosis drug in a deal that also gives it the right buy drug developer Promedior Inc.. The drug candidate has already been granted special FDA designations allowing for speedier development and a faster review process. Under the terms of the deal, Bristol-Myers...

  • NEW YORK— Shares of The Medicines Co. surged in premarket trading Monday after the company and its partner Alnylam Pharmaceuticals Inc. reported study results suggesting effectiveness for a potential cholesterol drug. Shares of Medicines jumped $5.98, or 17.8 percent, to $39.62 in premarket trading. Regeneron Pharmaceuticals Inc. and Sanofi sell...

  • NEW YORK— More than 54,000 New York City youths landed summer jobs through the Summer Youth Employment Program this year. Department of Youth and Community Development Commissioner Bill Chong tells the Daily News it's the highest number in the program's 50- year history. Information from: Daily News, http://www.nydailynews.com.

  • Treasurer Rosie Rios plans to travel to the National Women's Hall of Fame in upstate New York to hear from the public about plans to put a woman on the $10 bill. Rios is scheduled to be at a town hall meeting Monday in Seneca Falls, where the original 1848 Women's Rights Convention was held. Treasury Secretary Jacob Lew announced in June that the $10 bill would be...

  • NEW YORK— The Titanic's last lunch menu— saved by a passenger who climbed aboard the so-called "Money Boat" before the ocean liner went down— is going to auction, where it's estimated it will bring $50,000 to $70,000. The online New York auctioneer Lion Heart Autographs is offering the menu and two other previously unknown artifacts from Lifeboat 1 on Sept. 30.

  • NEW YORK— The Christian drama " War Room" made a surprise bid for the box-office lead, Zac Efron's music drama "We Are Your Friends" fell completely flat and the N.W.A biopic "Straight Outta Compton" keeps chugging along. The late August weekend held scant competition for "Straight Outta Compton," but " War Room" nearly matched it. "War Room" is about an African-American...

  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...

  • China crisis covers tracks of Japan Saturday, 29 Aug 2015 | 8:42 PM ET

    *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

  • NEW YORK— A former executive who was in charge of Subway's advertising says he wasn't aware of pitchman Jared Fogle's criminal sexual conduct with minors. Jeff Moody, who was CEO of the Subway Franchisee Advertising Fund Trust, said in a statement Friday that he was "shocked" to learn of the "deplorable criminal sexual behavior with minors" to which Fogle has agreed...

  • DIARY- Top Economic Events to Sept 12 Friday, 28 Aug 2015 | 8:01 PM ET

    ZURICH- Swiss National Bank head Thomas Jordan addresses a business gathering- 1600 GMT. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New York- 1710 GMT. TOKYO- Japan Economics Minister Akira Amari speaks at a seminar at...