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Top News & Analysis New York

  • WASHINGTON— The Republican-led Senate moved Thursday to undo Obama-era regulations that would have forced internet service providers like Comcast and Verizon to ask customers' permission before they could use or sell much of their personal information. The Federal Communications Commission, then controlled by Democrats, put the regulations in place in...

  • March 23- The trade group for U.S. biodiesel producers on Thursday petitioned the U.S. government to impose antidumping and countervailing duties on imports of biodiesel from Argentina and Indonesia that it says have that flooded the U.S. market and violated trade agreements. Biodiesel imports from Argentina and Indonesia rose 464 percent from 2014 to 2016...

  • NEW YORK— An investigation by the U.S. federal telecom regulator says about 12,600 callers couldn't reach 911 directly from their cellphones during a five-hour AT&T outage on March 8. A Federal Communications Commission official said Thursday that the outage affected AT&T customers in the Southeast, central U.S. and parts of the Northeast as well as 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— A number of retailers, particularly clothing stores, are shuttering locations as shoppers move online and find fashion inspiration from social media. HEADQUARTERS: New Albany, New York. Bebe Stores Inc., a women's fashion chain, says it's exploring strategic alternatives for the company and is working with a real estate adviser.

  • NEW YORK— Erica Dao used to shop at malls once a month, looking in stores and seeing what the mannequins displayed. Elizabeth Troy says she was the "queen of sales," going through discounted items at J. Crew and Banana Republic stores at malls near where she lives in Richmond, Virginia. Department stores like Macy's and J.C. Penney— anchors for the malls— are also closing...

  • March 23- U.S. healthcare conglomerate Johnson& Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Shares of Google parent Alphabet were down 1.3 percent, or $11.21 per share, in midday New York Stock Exchange trading.

  • LONDON/ NEW YORK, March 23- Fast food chain Pret a Manger's private equity owners have chosen Solebury Capital to advise on a planned New York stock market listing, people close to the situation said. Launched more than three decades ago, Pret A Manger has around 400 branches globally, serving fast food made onsite to more than 300,000 customers in Britain, the...

  • NEW YORK, March 23- U.S. stocks rose slightly on Thursday, with gains limited by signs that President Donald Trump was struggling to get enough votes to pass a healthcare bill in Congress, while European shares rose on bank borrowing and oil prices slipped. U.S. investors remained in suspense, with Trump poised to make a final push to secure the votes needed to begin...

  • NEW YORK— Some 17,000 AT&T workers in California and Nevada are returning to their jobs after a one-day walkout. A Communications Workers of America union local official had said Wednesday that AT&T was asking technicians who install cable to also work outside maintaining phone and cable wires, which is a higher-paid job. The CWA said Thursday that AT&T will no...

  • *Obamacare replacement vote key test for Trump in Congress. President Donald Trump's ability to legislate in Congress and deliver on tax and spending promises. "Today, more than anything, the U.S. House vote is what people are looking at," said Alvise Marino, FX strategist at Credit Suisse in New York.

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. It also ends a trial that began on March 7 in the U.S. District Court in Manhattan, where several witnesses including Corzine...

  • WASHINGTON, March 23- The Federal Reserve has begun preparing the public and markets for higher inflation, but has left unanswered the question of how high inflation might go and for how long. A new research paper from economists at the Fed's Washington- based Board of Governors suggests that policymakers should allow prices to rise by around 3.0 percent...

  • DUBAI, March 23- Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday. At least six investment banks pitched for a role advising the world's largest oil producer on its listing on the Saudi stock exchange in Riyadh, the Tadawul. Samba Financial Group,...

  • NEW YORK, March 23- U.S. President Donald Trump faces a vote in the House of Representatives on a plan that would roll back the signature healthcare law of former President Barack Obama. There is a growing consensus of people who perhaps think that the healthcare bill might not pass, and maybe the market got a little ahead of itself with the expectations of what...

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion lawsuit in which the bankruptcy administrator of MF Global Holdings Ltd accused the auditor of malpractice that led to the collapse of the brokerage run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the case was "settled to the mutual satisfaction of the parties,"...

  • NEW YORK— The trial between bankrupt brokerage MF Global, run by former New Jersey Governor Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. The trial, in the U.S. District Court of the Southern District of New York, was supposed to last five weeks. At the center of the...

  • March 23- U.S. healthcare conglomerate Johnson& Johnson became the latest company to suspend all digital advertising on Google's YouTube, over concerns that its ads may have appeared on channels that broadcast offensive videos. Wireless carriers Verizon and AT&T said on Wednesday they would suspend digital ads on YouTube, joining a list of well-known...

  • NEW YORK— ABC News said three of its Twitter accounts were hacked Thursday morning, sending out profanity-filled tweets to its millions of followers. The tweets have since been deleted and ABC News said that it "resolved the issue quickly." "ABC News is owned by Burbank, California- based The Walt Disney Co..

  • *Anglo American seeking to maximise diamond revenues. Analysts said the joint venture no longer fitted LVMH's strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin diamond retail market. Anglo American, which along with other mining companies has largely recovered from a deep...