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Top News & Analysis New York

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  • NEW YORK— Get in your bids fast. The trade publication Advertising Age reported this week that CNN is asking for up to $200,000 for a 30- second ad during the debate, a price comparable to slots in popular entertainment shows on the broadcast networks. Interest was strong among advertisers even before Fox News Channel showed the first debate on Aug. 6, said Allie...

  • The company, owned by private equity firm Apollo Global Management LLC, did not name the underwriters for the IPO in its filing with the U.S. Securities and Exchange Commission. Reuters reported earlier this week that McGraw-Hill Education had hired Credit Suisse Group AG and Morgan Stanley to lead the IPO, which was expected to value the company between $5...

  • TORONTO— The Supreme Court of Canada on Friday dismissed an attempt by oil giant Chevron to block Ecuadorian villagers from using an Ontario court to collect billions in damages over rainforest pollution. The judgment was for environmental damage caused by Texaco during its operation of an oil consortium in the rainforest from 1972 to 1990. Chevron later...

  • NEW YORK, Sept 4- The dog days of summer turn out to have quite a bite, as investors have been roiled by the longest bout of volatility in U.S. equities in four years. A combination of nerve-wracking events- weak data out of China, uncertainty over the Federal Reserve's plans for raising interest rates, and leveraged bets by hedge funds that went the wrong way resulted...

  • CLEVELAND— A reputed member of New York's Gambino crime family and former son-in-law of John Gotti pleaded not guilty Friday in what authorities say is a multimillion- dollar scam involving scrap metal and stolen cars. Carmine "The Bull" Agnello, of Bentleyville, entered the pleas in Cuyahoga County Common Pleas Court to charges including conspiracy, theft and...

  • NEW YORK— BlackBerry said Friday that it will make another security-related acquisition, buying Good Technology for $425 million in cash. It said Good Technology has about $160 million in annual revenue, while BlackBerry has reported about $3 billion in revenue in its last four fiscal quarters. Earlier this year BlackBerry Ltd. bought WatchDox, a provider of...

  • No incidents or injuries have been reported, the U.S. Consumer Product Safety Commission said Friday. The recall is for James Trading Group's Croker Kids Ireland hoodies. Customers can also return it to the store it was purchased for a full refund, or call the James Trading Group at 541-5004, the CPSC said.

  • NEW YORK/ RICHMOND, Va., Sept 4- The latest U.S. jobs report was not definitively good or bad enough to help the Federal Reserve decide whether to raise interest rates later this month, leaving the decision hanging on volatility in financial markets over the next couple of weeks. "With this jobs report... the Fed finds itself in a real uncertainty jam when it comes to a...

  • NEW YORK, Sept 4- Global equity markets tumbled and the dollar traded mixed on Friday after a U.S. jobs report for August kindled uncertainty over whether the Federal Reserve will raise interest rates in two weeks. The headline number of a less-than-expected increase of 173,000 in non-farm payrolls was offset by the generally strong Labor Department report.

  • NEW YORK, Sept 4- The dollar stood mixed on Friday as data showing U.S. unemployment in August at its lowest since 2008 did little to clear away currency markets' uncertainties over whether the Federal Reserve will raise rates later this month. Average hourly earnings increased 8 cents, the biggest rise since January, and the workweek rose to 34.6 hours.

  • NEW YORK— The art collection of celebrated writer and civil rights activist Maya Angelou is heading to auction this month. It's a work by African-American artist Faith Ringgold titled "Maya's Quilt of Life" that was commissioned by Oprah Winfrey for Angelou's 69th birthday in 1989. It depicts Angelou surrounded by flowers along with excerpts from some of her...

  • NEW YORK— A Transportation Security Administration screener has been charged with stealing a passenger's $7,000 diamond watch from a plastic bin at a Kennedy Airport security checkpoint. The Brooklyn resident was arraigned Thursday night in Queens on charges of grand larceny and official misconduct. The case was announced Friday by Queens District...

  • MINEOLA, N.Y.— A federal judge has struck down as unconstitutional a suburban New York town's law banning day laborers from soliciting for work on public sidewalks, declaring its broad application could affect children selling lemonade in their driveway. U.S. District Court Judge Denis Hurley said in a ruling Thursday that Oyster Bay's law violates the First...

  • NEW YORK, Sept 4- U.S. medium- and long-dated Treasuries prices rose on Friday, while short-dated prices were slightly lower, after U.S. monthly employment data supported the perception that the U.S. Nonfarm payrolls increased 173,000 last month as the manufacturing sector lost the most jobs since July 2013, the Labor Department said on Friday.

  • WASHINGTON, Sept 4- U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/ 2- year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month. Nonfarm payrolls increased 173,000 last month after an upwardly revised gain of 245,000 in July, the Labor Department said on Friday.

  • NEW YORK— It's an old adage that investors hate uncertainty. The stock market has been volatile for weeks on concern that China's economy is slowing more rapidly than previously thought. 'clarity that everyone is seeking, "said Michael Arone, Chief Investment Strategist at State Street Global Advisors.

  • Beginning Tuesday, the Port Authority of New York and New Jersey is reassigning gates at its 65- year-old bus terminal in Manhattan in a bid to reduce delays and overcrowding for the 110,000 passengers who use it daily. The Port Authority also will display signs at strategic locations and staff also will be on hand to direct passengers to their gates.

  • NEW YORK, Sept 4- U.S. medium- and long-dated Treasuries prices rose on Friday, while short-dated prices were slightly lower, after U.S. monthly employment data supported the perception that the U.S. Nonfarm payrolls increased 173,000 last month as the manufacturing sector lost the most jobs since July 2013, the Labor Department said on Friday.

  • NEW YORK— An upcoming exhibition highlights the critical role New York City transit workers play during natural and man-made disasters. "Bringing Back the City: Mass Transit Responds to Crisis" opens Sept. 30 at the New York Transit Museum in Brooklyn. The exhibition also covers the World Trade Center attacks and the blackout of 2003, when transit workers...

  • *AstraZeneca targeting Brilinta sales of $3.5 bln by 2023. Sept 4- U.S. regulators have approved a new dose of AstraZeneca's blood thinner Brilinta for longer-term use in patients with a history of heart attacks, boosting prospects for a drug the company thinks will eventually sell $3.5 billion a year. The FDA approved Brilinta at a new 60 milligram dose to be...