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Top News & Analysis New York

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  • *Manufacturing expansion slowest since May 2013. WASHINGTON, Sept 1- U.S. factory activity braked to a more than two-year low in August, but sturdy gains in automobile sales and construction spending suggested the economy remained on solid footing. "It suggests that the recent eruption in uncertainty towards Chinese and global growth is beginning to affect U.S....

  • Customers in Chicago, Los Angeles and parts of New York can order other items from the convenience store chain, including chicken wings, cold medicine and paper towels. Stores in Washington D.C. and Boston will offer delivery in the coming months, the companies said, and more cities are planned. McDonald's, Chipotle and Starbucks are working with delivery company...

  • *China manufacturing contracts at fastest in 3 years- PMIs. NEW YORK, Sept 1- Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil...

  • NEW YORK— Canadian drugmaker Valeant will work with British competitor AstraZeneca on a potential treatment for psoriasis a few months after biotech giant Amgen said it was ending research on the drug because of a link to suicidal thoughts and behavior. Valeant could pay AstraZeneca as much as $445 million if the drug is successfully developed and approved...

  • *Netflix down on report of Apple mulling original shows. Sept 1- Wall Street slumped on Tuesday, pushing all three major indexes into negative territory for the year, after weak factory data from China heightened fears of a slowdown in the world's second-largest economy and its effect on global growth. The weak China data pushed down oil prices more than 4 percent,...

  • NEW YORK— Comcast, which became a TV powerhouse by signing up Generation Xers, baby boomers and their parents, now is fighting for millennial eyeballs. The TV giant is investing in online media outlets like BuzzFeed and Vox that attract young viewers. It's setting up a streaming TV service for millennials who don't watch a boob tube.

  • *China official PMI at 3- year low; Markit reading at 6-1/ 2 yr low. LONDON, Sept 1- China's giant manufacturing industry contracted and euro zone and U.S. growth eased in August in data published on Tuesday, while the International Monetary Fund cut its forecast for world growth this year. "It's all consistent with a global economy which clearly is struggling to make...

  • Andrew Cuomo says a plant that will process food waste into clean energy is coming to eastern Long Island. The so-called anaerobic digester project is slated for a 62- acre site in Yaphank. That's about 120,000 tons of food waste, 30,000 tons of fats, oils and greases, and 10,000 tons of grass clippings from the Long Island region annually.

  • *China manufacturing contracts at fastest pace in 3 years in Aug. NEW YORK, Sept 1- U.S. short- and medium-term Treasuries prices rose on Tuesday after data showing weakness in Chinese and U.S. manufacturing in August fueled safe-haven bids for U.S. debt, while long-dated Treasuries prices slipped on possible selling by a foreign central bank.

  • NEW YORK, Sept 1- The dollar sagged against the safe-haven yen and low-yielding euro on Tuesday as weak Chinese factories data drove investors to unwind bets against the two currencies widely used to fund positions in riskier assets. "Most of these hedged positions are over-hedged and they have to buy the currencies," said Mark McCormick, a strategist at Credit...

  • Sept 1- ValueAct Capital Management LP, the $18 billion activist hedge fund, recorded a 1.6 percent gain in the second quarter of 2015, a "difficult year" for its strategy due to falling oil prices and China's slowdown, according to a letter to its investors. "We took action to position the portfolio for the long term this quarter by selling shares in our high return...

  • WEST POINT, N.Y.— A West Point professor criticized for writing an article calling some legal scholars treasonous and "lawful targets" for the U.S. military in its war on terrorism has resigned a month after he was hired to teach a law course. A spokesman at the U.S. Military Academy said William C. Bradford resigned Sunday. In an article published this spring in the...

  • NEW YORK, Sept 1- By all accounts, Iceland is one of the most magical places on Earth: A landscape of soaring glaciers, lava fields, steaming hot springs and black-sand beaches. And Mina Black could not focus on any of it. Even when it makes no logical sense- Mina Black fully deserved her vacation time- we are still haunted by the idea that we should be doing something else.

  • Other streaming services like Netflix and Hulu offer streaming-content only. The downloadable videos are available to prime members in the U.S., U.K., Germany and Austria. Netflix said it had no plans to follow suit.

  • *China regulators investigating stock market volatility. SHANGHAI, Sept 1- Investigations by Chinese authorities into wild stock market swings are spreading fear among China- based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. China has unleashed a volley of...

  • The 72nd Venice Film Festival opens Wednesday, followed later in September by movie extravaganzas in Toronto, Telluride and New York. Venice, the oldest and stateliest of the bunch, brings 11 days of red carpets, flashbulbs, parties and premieres to the canal-crossed Italian city. This year's festival opens with Baltasar Kormakur's thriller "Everest," which...

  • From this point on, most yellow cab owners will be required to switch to the Nissan models when it comes time to replace their current vehicles. New York state's highest court had ruled in June that the city's Taxi and Limousine Commission had the authority to choose a particular model to replace retired cars. The seven judges of the Court of Appeals unanimously...

  • SAN FRANCISCO— Yahoo CEO Marissa Mayer is going to give birth to twins while trying to deliver a long-promised turnaround at the struggling Internet company. As she did after having a son nearly three years ago, Mayer plans to take a brief break from her Yahoo job instead of taking full advantage of a company benefit providing 16 weeks of paid leave for mothers.

  • China leads Asian stocks lower on poor factory data Tuesday, 1 Sep 2015 | 1:21 AM ET

    NEW YORK— Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after an economic report out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated. The sell-off adds to what has been a difficult few weeks for U.S. and international markets. "This market remains fragile," said Jack Ablin, chief...

  • WASHINGTON— Hillary Rodham Clinton and her aides at the State Department were acutely aware of the need to protect sensitive information when discussing international affairs over email and other forms of unsecure electronic communication, according to the latest batch of messages released by the agency from Clinton's tenure as secretary of state.