Top News & Analysis New York

  • NEW YORK— A popular New York restaurant has become the latest victim of a fake-news conspiracy about Hillary Clinton running a child sex ring out of a Washington, D.C., pizza joint. The threatening calls came after social-media users connected the restaurant to the Pizzagate hoax centered on the Washington restaurant Comet Ping Pong. Police say the hoax took a...

  • NEW YORK, Dec 7- Donald Trump clashed on Wednesday with a union official who accused the president-elect of lying about the number of jobs saved in a deal to keep air conditioner maker Carrier from moving some jobs from Indiana to Mexico. Chuck Jones, president of United Steelworkers Local 1999, which represents workers at United Technologies Corp's Carrier...

  • NEW YORK, Dec 7- President-elect Donald Trump took aim at drugmakers on Wednesday by promising in a magazine interview that "I'm going to bring down drug prices," sending shares of pharmaceutical and biotechnology companies lower. In a cover story for Time magazine, which named him its Person of the Year, Trump said: "I don't like what has happened with drug prices."

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WASHINGTON— Congress sent legislation to President Barack Obama that could make it easier to get tickets to popular shows, sports events and concerts. The Senate passed the bill last month. "Hamilton" producer Jeffrey Seller testified at a Senate hearing in September.

  • NEW YORK, Dec 7- BlackRock Inc is making leadership changes to its biggest mutual fund. The world's largest asset manager is replacing one of the top leaders on its $42 billion BlackRock Global Allocation Fund and adding three new portfolio managers, a move that comes as the fund's performance has lagged its rivals. Three other investors will get top billing,...

  • WASHINGTON, Dec 7- Donald Trump will name Oklahoma Attorney General Scott Pruitt, an ardent opponent of President Barack Obama's measures to curb climate change, as head of the Environmental Protection Agency, a Trump transition team official said on Wednesday, a choice that enraged green activists and cheered the oil industry. Trump's choice of Pruitt fits...

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant to promote lending to poor neighborhoods. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade...

  • Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act, a law meant promote fair lending. Wells Fargo has struggled since September to overcome its admission that employees wrongly created as many as 2 million accounts without customer authorization. Wells Fargo may win an appeal to the downgrade through an...

  • NEW YORK, Dec 7- BlackRock Inc is replacing one of the leaders of its nearly $42 billion BlackRock Global Allocation Fund and adding three new portfolio managers. Aldo Roldan, a managing director and portfolio manager, is stepping down from helping manage the company's largest mutual fund because he wanted to reduce his day-to-day responsibilities, a...

  • NEW YORK, Dec 7- The Dow Jones transportation average hit a record high close, led by increases in shares of Norfolk Southern, Union Pacific and FedEx Corp, giving some investors hope the stock market is poised for further gains. The Dow Jones industrial average, which has been setting record highs recently, closed at a fresh high on Wednesday as stocks continued a...

  • NEW YORK— Current and former black employees of Time Warner, owner of Turner networks including CNN, TNT and TBS, have filed a class-action racial discrimination suit against the company. The lawsuit filed Tuesday in the U.S. District Court in the Northern District of Georgia says there has been a pattern of discrimination against blacks, particularly black...

  • She also poured $100 million of her fortune into two unsuccessful bids for a U.S. WASHINGTON— President-elect Donald Trump is adding former wrestling executive Linda McMahon to his Cabinet as leader of the Small Business Administration. She also poured $100 million of her fortune into two unsuccessful bids for a U.S. Senate seat in Connecticut in 2010 and 2012...

  • Pfizer Inc., down 37 cents to $31.19. British regulators fined Pfizer about $90 million for raising the cost of an epilepsy drug. AK Steel Holding Corp., up 24 cents to $10.79.

  • MELVILLE, N.Y. _ Verint Systems Inc. on Wednesday reported a fiscal third-quarter loss of $8.2 million, after reporting a profit in the same period a year earlier. Verint expects full-year earnings to be $2.50 per share. Verint shares have declined almost 6 percent since the beginning of the year.

  • *S&P, Dow close at records as indexes rise over 1 pct. NEW YORK, Dec 7- Wall Street surged on Wednesday, with the Dow industrials and S&P 500 hitting fresh records, as equities continued their march upward after the election of Donald Trump as U.S. president, and a new high for transportation stocks added to the bullish tone. "I think it's continuation of the view that the...

  • MELVILLE, N.Y. _ Comtech Telecommunications Corp. on Wednesday reported a fiscal first-quarter loss of $2.5 million, after reporting a profit in the same period a year earlier. Three analysts surveyed by Zacks expected $138.2 million. Comtech shares have fallen 37 percent since the beginning of the year.

  • *Oil dips on U.S. inventory date, doubts on impact of OPEC deal. NEW YORK, Dec 7- U.S. stocks jumped to record levels and bond prices climbed on Wednesday as investors prepared for the European Central Bank to signal an extension of its bond-buying at its Thursday meeting. "The market does not have a lot of clarity on what the ECB would do tomorrow," said Jeffery Elswick,...

  • NEW YORK— Columbia University graduate students, who helped lead a nationwide fight over the labor rights of teaching and research assistants on college campuses, began voting Wednesday on whether to form a union affiliated with the United Auto Workers. The vote, affecting about 3,000 students at the Ivy League university, was scheduled after the National...