Top News & Analysis New York

More

  • SEOUL, South Korea— Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong recovery in the world's largest economy. KEEPING SCORE: Japan's Nikkei 225 rose 1.6 percent to 16,757.35 and Hong Kong's Hang Seng index jumped 2.5 percent to 20,314.52. Stocks in Taiwan, Singapore and...

  • HANOI, May 25- As rain returns to Vietnam's parched coffee growing region after the worst drought in 30 years, it will be too late for some farmers with nearly a fifth of coffee trees either dead or damaged. Vietnam accounts for about 20 percent of global coffee output. Vicofa has forecast the coming 2016/ 17 harvest due to start in October could fall by up to 30 percent...

  • The purchases of two distributors in California, two in Colorado and one in New York have since closed. There is a precedent, however, for the Justice Department to put limits on incentive programs. Investigators at the Justice Department have contacted beer distributors and craft brewers, asking about the incentive plan as well as AB InBev's other steps aimed...

  • May 24- France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Medivation shares ended trading on Tuesday in New York at $61.91. Among Sanofi's eight nominees are Michael Campbell, the former chief executive...

  • SAN FRANCISCO, May 24- Billionaire investor Peter Thiel is helping wrestler Hulk Hogan bankroll his lawsuit against Gawker Media, according to a report in Forbes. In 2007, it published an article entitled " Peter Thiel is totally gay, people." "In my experience the freedom to speak, in the view of most libertarians, is not unlimited," said Eugene Volokh, a professor of law...

  • NEW YORK— The Latest on a former New York City police officer accused of running a prostitution ring:. A defense lawyer says a retired New York City police officer accused of running a prostitution ring that charged customers as much as $2,000 an hour ran a legitimate business. Former policeman Michael Rizzi was arrested at his Brooklyn home and faces federal...

  • SINGAPORE, May 25- Oil futures rose on Wednesday after U.S. industry data suggested a larger-than-expected drawdown in crude inventories last week, although a stronger U.S. dollar curbed gains. U.S. crude futures had climbed 56 cents to $49.18 a barrel as of 0042 GMT after ending the previous session up 54 cents. Brent futures rose 50 cents to $49.11 a barrel, having...

  • Hailing a cab, NYC Taxi

    The German carmaker’s investment, comes months after General Motors injected $500 million into US ride-hailing app Lyft, the FT reports.

  • NEW YORK, May 24- The dollar hit its highest against the euro in nearly 10 weeks on Tuesday, while U.S. bond prices dipped as expectations grew that the Federal Reserve could raise interest rates soon. The euro was down 0.7 percent against the dollar at $1.1136 and hit its lowest level since March 16. "A re-pricing of Fed tightening expectations is the principal...

  • Integrated Device shares soared more than 23 percent on April 12 after an SEC filing falsely said that Aly and six Chinese investors had acquired 5.1 percent of its stock and offered to buy the whole company for $4.3 billion, a nearly 65 percent premium. The SEC said Aly had paid $18,500 for Integrated Device call options, a bet the stock price would rise, at...

  • NEW YORK, May 24- Oil rose about 1 percent on Tuesday on a boost from Wall Street and expectations of a drawdown in U.S. crude inventories, then prices jumped another 1 percent after settlement to nearly $50 a barrel after an industry group suggested the draw was larger than expected. The rally in crude prices could push prices beyond the $50 long targeted by market...

  • May 24- The U.S. Securities and Exchange Commission on Tuesday said it has charged a Pakistani man who illegally traded in Integrated Device Technology Inc stock options in connection with a bogus takeover bid for the chipmaker last month.

  • "Today marks a milestone— for this Congress and for the American people as we make great strides to update our nation's chemical safety laws," said Rep. Fred Upton, R- Mich., chairman of the House Energy and Commerce Committee. The 403-12 vote in favor of the bill sends it to the Senate, where it's expected to be approved and sent to President Barack Obama, who is expected to...

  • NEW YORK, May 24- California has accused Johnson& Johnson of failing to warn doctors and patients about the severity and frequency of complications associated with its pelvic mesh devices. "Johnson& Johnson put millions of women at risk of severe health problems by failing to provide critical information to doctors and patients about its surgical mesh...

  • MOSCOW, May 24- Russia raised $1.75 billion on Tuesday in a Eurobond issue with foreigners the biggest buyers, a placement officials said showed there was international appetite for Russian assets despite Western efforts to scare off investors. Russia's finance ministry had not given an explicit target for the amount it wanted from the placement, the first...

  • NEW YORK— U.S. stocks made their biggest gain since March on Tuesday as technology companies like Apple and Microsoft soared. Homebuilders also climbed after the government said sales of new homes reached an eight-year high last month. That was a sign the housing market and the broader economy are still in pretty good shape.

  • Toll Brothers Inc., up $2.36 to $29.46. Twitter Inc., down 38 cents to $14.03. Best Buy Co., down $2.45 to $30.55.

  • NEW YORK— Toyota said Tuesday it is investing in Uber, making it the latest car company to put money in a ride-hailing app. Earlier this year, General Motors Co. invested $500 million in Uber rival Lyft. Toyota is investing in San Francisco- based Uber alongside Mirai Creation Investment Limited Partnership, an investment fund backed by Toyota and Japanese bank...

  • WASHINGTON— The Transportation Security Administration has ousted its head of security operations and put new leadership in charge of screening operations at a major international airport, but long checkpoint lines and travel headaches already pervading the busy summer travel season are likely to continue. Kelly Hoggan was removed from his post as the...

  • NEW YORK, May 24- Oil prices rose on Tuesday as investors anticipated a weekly drawdown in U.S. crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support. "We're gearing up on expectations that the wildfires in Canada may finally be showing up in U.S. crude inventory numbers," said Phil Flynn, analyst at...