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Top News & Analysis New York

  • NEW YORK, June 27- Riskified, an e-commerce fraud prevention startup, has raised $33 million in new funding from investors including Capital One Financial Corp and Groupe Arnault, which controls French luxury goods conglomerate LVMH, it said on Tuesday. The funding was led by Israeli venture capital firm Pitango Growth and also included Qumra Capital, C4...

  • NEW YORK— Darden Restaurants topped Wall Street expectations and it gave an upbeat outlook as sales rose at Olive Garden and Longhorn Steakhouse restaurants. That was 3 cents better than Wall Street was looking for, according to a survey by Zacks Investment Research. Darden Restaurants expects full-year earnings in the range of $4.38 to $4.50 per share and...

  • LONDON— In a story June 26 about a company that makes paneling for buildings, The Associated Press reported erroneously that the company, Arconic, supplied the fire resistant paneling model Reynobond FR for use on Grenfell Tower. Arconic says it is ending sales of Reynobond PE panels for use in high-rise buildings following the deadly fire at a London apartment...

  • NEW YORK— Several prospective jurors have been excused from the federal securities fraud trial of an ex-pharmaceutical company executive because they claimed they couldn't be impartial. Jury selection will continue Tuesday morning in Brooklyn. During jury questioning Monday, several potential jurors said they couldn't ignore Martin Shkreli's...

  • NEW YORK— The Latest on a retracted CNN story about a supposed investigation in a Donald Trump associated and the head of a Russian investment fund:. CNN says it has accepted the resignations of three employees involved in a retracted story about a supposed investigation into a pre-inaugural meeting between an associate of President Donald Trump and the head...

  • **SINTRA, Portugal- Introductory speech by the European Central Bank President Mario Draghi at the ECB forum on central banking in Portugal- 0900 GMT. SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. SINTRA, Portugal- ECB...

  • **SINTRA, Portugal- Introductory speech by the European Central Bank President Mario Draghi at the ECB forum on central banking in Portugal- 0900 GMT. SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. SINTRA, Portugal- ECB...

  • June 26- Lawyers for the United States on Monday urged jurors to allow the U.S. government to seize a Manhattan office tower from a non-profit for violating U.S. sanctions against Iran. Attorney Michael Lockard told jurors that the non-profit Alavi Foundation, the building's majority owner, knew its minority partner, Assa Corp, was a front for Iran's government...

  • NEW YORK, June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and...

  • The brief submitted by 50 companies to the 2nd U.S. Circuit Court of Appeals in Manhattan marks the first time such a large group of businesses has backed arguments about employment discrimination that LGBT groups and the administration of former President Barack Obama have made for years. The companies asked the 2nd Circuit to revive a lawsuit by the estate...

  • MOSCOW, June 26- Russian conglomerate Sistema said on Monday a Russian court had "arrested" some shares it owns, including in the country's biggest mobile operator MTS, in a legal dispute with oil company Rosneft. Sistema is one of the largest private holdings in Russia and is controlled by businessman Vladimir Yevtushenkov. MTS, with the market value of $8 billion...

  • NEW YORK, June 26- Arconic Inc said on Monday it will stop global sales of plastic-filled aluminum cladding panels for use in high-rise buildings after a fire in London's Grenfell Tower, which used those Arconic panels, killed at least 79 people. Shares of the company, formerly a part of Alcoa, fell as much as 11.3 percent after Reuters reported on Saturday it had...

  • Nestle SA, up $3.34 to $88.17. Arconic Inc., down $1.53 to $24.01. Pandora Media Inc., up 18 cents to $8.46.

  • Richard Anderson, who spearheaded Delta's growth into the world's largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York City's Pennsylvania Station. The repairs, estimated to cost $30 million to $40 million over several years,...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • NEW YORK, June 26- The U.S. dollar hit a one-month high against the yen and rebounded against the euro on Monday after the European Central Bank chief defended the ECB's easy monetary policy, and as investors awaited Federal Reserve Chair Janet Yellen's speech on Tuesday. ECB President Mario Draghi, speaking to university students in Lisbon, said super low rates...

  • NEW YORK, June 26- Nestle's jump to a record high boosted European stocks and helped buoy a global index on Monday, while the dollar was close to recent lows and the U.S. yield curve flattened after soft capital goods data. Stocks were volatile on Wall Street, with defensive sectors emerging as the best performers as the S&P 500 eked out a small gain.

  • *OPEC's supply cuts undermined by higher U.S. output. NEW YORK, June 26- Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, but rising crude supply in the United States and other countries limited gains. "I think its mostly bottom fishing at this point," said John Kilduff, partner with energy...