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Top News & Analysis New York

  • WASHINGTON, March 24- New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. "The evidence is building that manufacturing activity is on something of an upswing and that capital...

  • March 24- Kanye West has settled a lawsuit by a Hungarian rock singer who accused the hip-hop star of sampling one of his best-known works without permission for the 2013 song "New Slaves." A notice that they agreed to dismiss the case was made public on Thursday in Manhattan federal court. Presser had sought at least $2.5 million of damages for copyright...

  • OPEC to meet in Kuwait for monitoring meeting. West Texas Intermediate crude futures were up 3 cents at $47.73 a barrel by 11:25 a.m. EDT, set for a more than 2 percent loss on the week. The official said the expected drop, in line with OPEC's agreement, could help draw down U.S. inventories that stood at a record 533 million barrels last week- stocks that have in part...

  • The documents released by the anti-secrecy site Thursday morning pointed to an apparent CIA program to hack Apple devices using techniques that users couldn't disable by resetting their devices. Besides being likely out of date, the techniques also typically require physical access to devices, something the CIA would use only for targeted individuals, not...

  • *U.S. indexes post modest gains, European shares edge lower. NEW YORK, March 24- U.S. shares edged higher and European shares slipped on Friday as investors were on tenterhooks awaiting the outcome of a vote in Washington on healthcare reform, seen as pivotal for U.S. The back-and-forth over the bill has led to some of the choppiest trading Wall Street has seen since...

  • WASHINGTON/ CALGARY, March 24- U.S. The approval reverses a decision by former President Barack Obama to reject the project, but fresh obstacles loom: To get built, TransCanada will need to win financing, acquire local permits, and fend off likely legal challenges. Trump announced the presidential permit for Keystone XL at an event at the White House attended by...

  • NEW YORK, March 24- The dollar steadied near a four-month low against the yen on Friday, ahead of a vote in Washington on new healthcare legislation that some investors view as a litmus test of whether U.S. "It's just really coming down to what happens in Congress," said Mazen Issa, senior FX strategist at TD Securities in New York. On Friday, the dollar was up 0.14 percent...

  • *Italy's Davide Campari faces biggest challenge. MILAN, March 24- Italian drinks group Davide Campari has a tall order to fulfil: take a neglected old liqueur out of the kitchen, where it is used as a dessert topping, and turn it into a hot new cocktail trend. Grand Marnier, a 137- year-old French brand that Davide Campari bought for 652 million euros last year, was once a...

  • WASHINGTON, March 23- New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery was gaining momentum despite higher prices and rising mortgage rates. "New home sales are the secret sauce that helps make the economy grow," said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • NEW YORK, March 24- Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S. District Court in Manhattan is the latest effort to hold Saudi Arabia liable for the attacks. Insurers, including Liberty Mutual,...

  • NEW YORK— U.S. stocks gave back much of an early gain but were mostly higher Friday afternoon as investors bid up technology and consumer-focused companies. House Republicans say their health care bill does not have enough support to pass in a vote this afternoon, which is casting some doubt on President Donald Trump's business-friendly agenda.

  • Leather made with child labor and under dangerous, polluted conditions in Bangladesh went to factories that produced goods for major U.S. and European shoe and handbag brands and companies, according to a report released Friday by New York- based nonprofit Transparentem. He said Transparentem "continues to make the completely false and unsubstantiated...

  • March 24- Canyon Bridge Capital Partners LLC, the China- backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, has resubmitted the deal for U.S. government review, three people familiar with the matter said. The move comes after the Committee on Foreign Investment in the United States, a government panel which reviews...

  • NEW YORK— Commuters to both New Jersey and Long Island faced a difficult journey home Friday evening after two passenger trains clipped each other during the morning rush at Penn Station, jolting riders and creating major travel disruptions but causing no serious injuries. The accident involved an Amtrak Acela Express train headed from Boston to Washington...

  • Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would work with Congress. White House budget director Mick Mulvaney told ABC it was not clear if Republicans had enough votes but the Republican chairman of the Rules Committee, Pete Sessions, said "I would anticipate...

  • The report by New York- based Transparentem, released to The Associated Press on Friday, didn't say leather from the tanneries ends up in American and European companies' products, only that the manufacturers of some of those goods receive it. Some companies say they're certain the leather used to make their products was imported from outside Bangladesh, and the...

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • NEW YORK, March 24- U.S. Treasuries were steady on Friday as investors waited on a highly anticipated vote in Washington on healthcare reform, which is being seen as an indicator of whether the Trump administration will be able to pass fiscal stimulus. This is being seen as a good litmus test of the rest of Trumps agenda, said Gennadiy Goldberg, an interest rate...

  • March 24- Fast food startup Eatsa is being sued by disability rights advocates for not including accessibility features for the blind. Eatsa lets customers order from tablets and pick up their food minutes later from cubicles, eliminating the need for front-of-the-restaurant staff. Civil Court, Southern District of New York, Case no-02096.

  • March 24- U.S. stocks looked set to open higher on Friday, helped by higher oil prices and ahead of a closely watched vote on a healthcare bill seen as a test of President Donald Trump's ability to pass his legislative agenda through Congress. On Tuesday, Wall Street recorded its worst one-day loss since before the U.S. presidential election due to these concerns.