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Top News & Analysis New York

  • The United States on Wednesday unveiled enhanced security measures for flights to the country designed to prevent expanding an in-cabin ban on laptops.

  • FRANKFURT, June 29- Online takeaway food delivery group Delivery Hero priced its initial public offering at the top end of the range, it said on Thursday, meaning the listing is set to raise 996 million euros. The price range had been set at 22.00 to 25.50 euros a share. Meanwhile, New York- based Blue Apron Holdings, the online meal-kit company that is targeting...

  • WASHINGTON, June 29- President Donald Trump and South Korean President Moon Jae- in may present a unified front over North Korea at the White House on Thursday and Friday, but tension over trade could puncture their effort to strengthen the U.S.- South Korea relationship. Moon, making his first trip to the United States since becoming his country's leader, will...

  • NEW YORK— Amazon is extending its annual "Prime Day" promotion to 30 hours this year. Amazon will offer discounts and other deals in an effort to boost sales during the slower summer months. The deals are open only to members of Amazon's $99- a-year Prime loyalty program, so Amazon typically gets more sign-ups, too.

  • NEW YORK, June 28- An investor group led by New York City's comptroller called for Mylan NV's Chairman Robert Coury and Director Wendy Cameron to step down, as part of a campaign against the firm's executive pay packages and high prices for an allergy treatment. While the sharp price spike spurred congressional, Justice Department and other government...

  • June 28- Martin Shkreli's lawyer did not run from his client's troubled public image, describing him as a misunderstood genius, as he began his defense in the former drug company executive's securities fraud trial on Wednesday. "You may not like Martin Shkreli," Benjamin Brafman said in his opening argument in Brooklyn federal court, "and you may have reasons to...

  • WASHINGTON/ NEW YORK, June 28- The United States on Wednesday unveiled enhanced security measures for flights to the country designed to prevent expanding an in-cabin ban on laptops, but an airline trade group said the changes might cause more disruptions. The measures would affect 325,000 airline passengers on about 2,000 commercial flights arriving daily...

  • In April Boeing asked the U.S. Commerce Department to investigate alleged subsidies and unfair pricing for Bombardier's CSeries airplane, accusing Bombardier of having sold 75 of the planes to Delta Air Lines Inc last year at a price well below cost. The U.S. International Trade Commission last month gave approval to the U.S. Commerce Department to begin...

  • FLORENCE- European Central Bank Executive board member Ignazio Angeloni gives dinner speech at the Florence School of Banking& Finance Executive Seminar on Financing Banking Resolution in Florence, Italy- 1830 GMT. LONDON- St Louis Fed President James Bullard gives lecture at a Bank of England research conference on Applications of Behavioural Economics,...

  • FLORENCE- European Central Bank Executive board member Ignazio Angeloni gives dinner speech at the Florence School of Banking& Finance Executive Seminar on Financing Banking Resolution in Florence, Italy- 1830 GMT. LONDON- St Louis Fed President James Bullard gives lecture at a Bank of England research conference on Applications of Behavioural Economics,...

  • June 28- Martin Shkreli's lawyer did not run from his client's troubled public image, describing him as a misunderstood genius, as he began his defense in the former drug company executive's securities fraud trial on Wednesday. "You may not like Martin Shkreli," Benjamin Brafman said in his opening argument in Brooklyn federal court, "and you may have reasons to...

  • FDNY fire department truck

    New York firefighters on Wednesday evening battled a five-alarm blaze blocks from Union Square and Washington Square parks.

  • The New York- based company priced its initial public offering at the low end of its $10 to $11 per share estimate issued earlier in the day. It lowered the range from $15 to $17 after potential investors expressed concerns about the $13.7 billion Amazon deal as well as Blue Apron's marketing costs and lack of profitability, people familiar with the matter said.

  • NEW YORK, June 28- Quebec's largest pension fund has dismissed as "absolute nonsense" claims by Boeing Co that its $1.5 billion investment in Bombardier Inc's rail business amounted to unfair subsidies. Caisse de depot et placement du Quebec's Chief Executive Michael Sabia said in an interview with Reuters on Wednesday that the U.S. aerospace company,...

  • NEW YORK, June 28- Caisse de depot et placement du Quebec, one of the world's biggest real estate investors, is holding off on major investments in London real estate amid uncertainty over the impact of Britain's planned exit from the European Union. Until recently, London was one of the cities the Caisse was most committed to investing in along with New York and...

  • WASHINGTON/ NEW YORK, June 28- The Federal Reserve has approved plans from the 34 largest U.S. banks to use extra capital for stock buybacks, dividends and other purposes beyond being a cushion against catastrophe. Fed Governor Jerome Powell, who is acting as regulatory lead for the U.S. central bank, said the process "has motivated all of the largest banks to achieve...

  • June 28- Sycamore Partners said on Wednesday it would acquire U.S. office supplies chain Staples Inc for $6.9 billion, a rare bet by a private equity firm this year in the U.S. retail sector, which has been roiled by the popularity of internet shopping. Buyout firms largely have refrained from attempting leveraged buyouts of U.S. retailers in the past two years, amid...

  • ABC television network, owned by Walt Disney Co, has settled its closely watched defamation lawsuit with Beef Products Inc over news reports on a processed beef product that critics dubbed "pink slime," both companies said on Wednesday. Terms of the settlement, which also covered the Beef Products Inc claims against ABC reporter Jim Avila, were not disclosed.

  • NEW YORK, June 28- Citigroup Inc has been granted permission to return nearly $19 billion of capital to shareholders after passing a tough regulatory test, a long-awaited victory for investors and Chief Executive Officer Michael Corbat. Citigroup, the fourth-largest U.S. bank by assets, on Wednesday said it plans to repurchase up to $15.6 billion of common...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...