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Top News & Analysis New York

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  • *Second-qtr wage growth slowest in 33 years. July 31- Wall Street rose in early afternoon trading on Friday after an historically weak reading of U.S wage growth lent weight to the view that the U.S. Exxon Mobil shares fell 3.5 percent to $80.12 while Chevron was down 3.9 percent at $89.43 after quarterly profits slumped on falling oil prices.

  • The surprisingly smaller rise reported by the Labor Department on Friday did little to temper expectations that the Federal Reserve is set to raise interest rates later this year. This is precisely how the Fed will interpret this report, even if the numbers here are atrocious, "said Eric Green, chief economist at TD Securities in New York. The Employment Cost...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • ALBANY, N.Y.— The five companies picked to grow and dispense medical marijuana in New York include one run by a Minnesota physician, three with dispensaries in other states and another with a personal connection to those the state's new program aims to help. Grow centers are planned for Queens, Orange, Monroe, Fulton and Warren counties. "We are ready to go," said...

  • NEW YORK— HanesBrands fell further than any other stock on the Standard& Poor's index Friday after it reported disappointing sales and declining profit. At the time HanesBrands thought that change was temporary, but now believes those changes to be permanent. After the market closed on Thursday, Hanesbrands reported net income of $94.9 million, down from...

  • Oneida County officials released the footage as they called on federal rail regulators to explain how a 265,000- pound rail car left unattended for two weeks could be unlatched by a teenager playing on the car, according to the account of the July 21 accident that the teen gave to Utica police. "I understand that the Federal Railroad Administration has...

  • Employment Cost Index barely rises in Q2. NEW YORK, July 31- U.S. The Employment Cost Index, the broadest measure of labor costs, rose 0.2 percent, marking the smallest increase in the index's 33- year history, the U.S. Labor Department reported.

  • *Dollar index on track for 1.2 percent gain in July. *Upbeat core inflation data bolsters euro. NEW YORK, July 31- The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note as a record-low rise in U.S. employment costs in the second quarter dialed back bets the Federal Reserve would raise interest rates later this year.

  • *Wall St slightly higher in early trading. NEW YORK, July 31- The dollar tumbled and benchmark U.S. Wall Street stock prices rose, also taking a cue from the Employment Cost Index data showing the smallest quarterly increase in 33 years.

  • NEW YORK— It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell. Yelp fared the worst, its shares down 25 percent for the week as some question the company's ability to survive on its own.

  • NEW YORK— Amazon wants to make the connected home a little more connected... to your shopping list. With its new' Dash' buttons, members of its $99 annual Prime loyalty program can reorder household items like baby food, coffee and laundry detergent with the touch of a button. Shares rose $1.99 to $538.75 in morning trading Friday.

  • July 31- The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen's profit beat expectations. Exxon Mobil shares fell 4 percent to $79.52 while Chevron was down 4.2 percent at $89.06 after quarterly profits slumped on falling oil prices. Amgen rose 4.7 percent to $179.64...

  • HARTFORD, Conn.— A long-simmering dispute over dumping dredged materials from rivers and harbors into Long Island Sound has flared up again with a new federal plan to govern disposal sites. Connecticut backs the disposal of materials in designated areas while New York state and environmental activists are calling for the reuse of sediments.

  • NEW YORK, July 31- As traders, market pundits and economists jaw over whether the Federal Reserve this year will lift its benchmark lending rate for the first time in almost a decade, several corners of the U.S. bond market are not waiting around. Banks, money market mutual funds and other investors do not want to be stuck with low-yielding debt when the U.S. central...

  • Employment Cost Index barely rises in Q2. NEW YORK, July 31- U.S. The Employment Cost Index rose just 0.2 percent, the U.S. Labor Department reported, marking the smallest increase in the 33- year history of the index that is the broadest measure of labor costs.

  • ITHACA, N.Y. _ Tompkins Financial Corp. on Friday reported second-quarter earnings of $17.4 million. The bank, based in Ithaca, New York, said it had earnings of $1.15 per share. Keywords: Tompkins Financial, Earnings Report.

  • The unexpectedly smaller rise reported by the Labor Department on Friday will probably not dampen speculation that the Federal Reserve is set to raise interest rates later this year. The Employment Cost Index, the broadest measure of labor costs, edged up 0.2 percent, the Labor Department said. "This data has periodically proved to be very lumpy and the sharp...

  • *Royal Caribbean, Expedia rise after results. July 31- Wall Street was set to open little changed on Friday following a spate of uninspiring corporate results including that of Exxon Mobil, and a drop in prices of crude oil and major industrial metals. Exxon Mobil and Chevron shares fell about 2 percent after quarterly profits fell sharply on falling oil prices.

  • NEW YORK— Berry Plastics Group Inc. is buying Avintiv Inc. for about $2.45 billion. Evansville, Indiana- based Berry Plastics, which makes plastic consumer packaging and engineered materials, is buying the company in a move to broaden its reach. It is owned by the investment firm Blackstone Group LP.

  • NEW YORK— Shares of cybersecurity firm FireEye Inc. fell in premarket trading Friday, the morning after the company's chief financial officer said he was leaving. "Mike helped build FireEye from an early-stage technology pioneer to a global leader in advanced threat protection," said DeWalt, CEO and chairman of the board of FireEye. FireEye, based in Silicon...