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Top News & Analysis New York

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  • NEW YORK, Aug 3- U.S. long-dated and benchmark Treasuries yields hit their lowest levels in two months on Monday after weaker-than-expected U.S. economic data damped expectations that the Federal Reserve will hike interest rates in September. The Institute for Supply Management said its index of national factory activity fell to 52.7 in July from 53.5 the...

  • NEW YORK— Barnes& Noble completed the spinoff of its college book store business, made up of more than 720 stores on college and university campuses. The company said last month that Sears Canada CEO Ronald Boire would take over as CEO of Barnes& Noble Inc. in October, replacing Michael Huseby, who will become executive chairman of Barnes& Noble Education.

  • BUFFALO, N.Y.— The clock is ticking for leaders of New York's most chronically underperforming public schools, who under a new state law must quickly begin to turn things around or lose control to an outsider— a tactic that has produced mixed results elsewhere. On the other hand, Buffalo parent leader Sam Radford sees "the dawn of a new day" for schools where progress...

  • MUMBAI, Aug 3- India's Supreme Court on Monday asked the markets regulator to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds. The Supreme Court is "contemplating" appointing a receiver to auction Sahara properties, Shekhar...

  • *U.S. manufacturing activity fell in July. NEW YORK, Aug 3- The dollar pared gains against the euro on Monday after data showed the pace of growth in the U.S. manufacturing sector slowed in July. The Institute for Supply Management said its index of national factory activity fell to 52.7 from 53.5 the previous month.

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.

  • DETROIT, Aug 3- U.S. auto sales were stronger than expected in July and kept the industry on a pace for its best year in a decade, driven by the continuing shift toward sport utility vehicles and pickup trucks. Fiat Chrysler Automobiles sales rose 6 percent and Nissan Motor Co Ltd gained 8 percent, also outstripped expectations of analysts. Car-buying website...

  • NEW YORK— Shire PLC is buying privately-held Foresight Biotherapeutics Inc. for $300 million, gaining a developing treatment for conjunctivitis, or pinkeye. Shire, based in Dublin, said that FST-100, if approved by regulators, would be the first agent to treat both viral and bacterial conjunctivitis. There are 5.9 million cases of infectious conjunctivitis...

  • SYRACUSE, N.Y.— The number of Dinosaur Bar-B-Que restaurants in operation will hit double figures when the Syracuse- based company opens its 10th eatery later this year. Company founder John Stage told The Post-Standard of Syracuse that he's still in talks with officials in Indianapolis about putting a Dinosaur restaurant at a downtown location.

  • *Tyson Foods falls after profit forecast cut. *Diamond Offshore jumps after results handily beat expectations. Investors are also awaiting another batch of earnings reports- AIG, Allstate and General Growth Properties report after the market closes on Monday.

  • NEW YORK— Halliburton received a second request for information from the U.S. Department of Justice regarding its $34.6 billion, proposed acquisition of rival oilfield services company Baker Hughes. Halliburton announced it would buy Baker Hughes Inc. in November with oil prices plummeting fast. But Halliburton and Baker Hughes also want to grow larger so...

  • NEW YORK— Biotechnology company Horizon Pharma PLC asked Depomed Inc. to set a shareholder vote for its hostile takeover offer and is filing a lawsuit challenging the company's "poison pill" plan. In July, Dublin- based Horizon Pharma boosted its offer for drugmaker Depomed to $33 per share from a prior offer of $29.95 per share. Newark, California- based Depomed...

  • NEW YORK— Tyson Foods' third-quarter-profit leapt 32 percent, but that was still short of expectations and the company cut its outlook with high cattle costs expected to continue to weigh on revenue growth. Net income for the quarter reached $343 million, or 83 cents per share. That was 15 cents shy of what industry analysts had expected, according to a poll by Zacks...

  • NEW YORK— PartnerRe's biggest shareholder, Italian investment company Exor, is buying the reinsurer in a deal worth about $6.9 billion. PartnerRe is ending its all-stock agreement with Axis Capital Holdings Ltd., which was made in January, in order to move ahead with a combination with Exor. PartnerRe previously rejected a $6.16 billion bid from Exor.

  • Aug 3- Loews Corp, a hotel, energy and financial services conglomerate, reported a 44 percent drop in its quarterly operating profit due to lower revenue from its Diamond Offshore Drilling Inc unit and its insurance business. Diamond Offshore, Loews' second-largest subsidiary, also posted an 8.4 percent fall in quarterly revenue, hurt by weak demand due to a slump...

  • Goldman Sachs has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.

  • Loews posts 2Q profit 5 Hours Ago

    NEW YORK _ Loews Corp. on Monday reported second-quarter earnings of $170 million. The New York- based company said it had net income of 46 cents per share. Loews shares have declined slightly more than 9 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 2 percent.

  • WASHINGTON— Facing increased competition from within her own party, Hillary Rodham Clinton is spending $2 million airing the first television ads of her presidential race in the early voting states of Iowa and New Hampshire. "After law school she could have gone to a big firm but instead went to work for the Children's Defense Fund. In Arkansas, she fought for...

  • WASHINGTON— It took Ted Cruz three months to raise $10 million for his campaign for president, a springtime sprint of $1,000- per-plate dinners, hundreds of handshakes and a stream of emails asking supporters to chip in a few bucks. New York hedge fund magnate Robert Mercer's $11 million gift to a group backing the Texas Republican's White House bid put him atop a...

  • To Cheryl Hendricks in parched California, it's simple: To put food on the table "we rely on agriculture." She and her husband are taking shorter showers and removing lawn in response to California's four-year drought, but for growers and ranchers "it's more important for them to have it. In California, for example, agriculture accounts for 80 percent of all water...