Top News & Analysis New York

More

  • *Yellen to defend Fed rate hikes in Congress. Feb 9- U.S. stocks ended a volatile session barely lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Shares of Anadarko Petroleum dropped 7 percent to $37.24.

  • OHR reports 1Q loss 7 Hours Ago

    NEW YORK _ Ohr Pharmaceutical Inc. on Tuesday reported a loss of $6.1 million in its fiscal first quarter. The New York- based company said it had a loss of 20 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK _ Assurant Inc. on Tuesday reported fourth-quarter profit of $65.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share. Assurant shares have declined 5 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen slightly more than 9 percent.

  • NEW YORK, Feb 9- U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices. But with oil prices at their lowest in 12 years due to a global supply glut with OPEC unwilling to slow production,...

  • The VA also would be required to keep Congress closely informed about large projects. Money could not be spent on advance planning or design until 60 days after Congress is notified. Congress reluctantly approved up to $625 million in additional spending for the project last fall, the money to come from other accounts within the VA.

  • NEW YORK, Feb 9- U.S. "The mood in the market is very much' sell today, ask questions later' which is a boost for Treasuries and that flight to safety is led by fear," said Gennadiy Goldberg, interest rate strategist at TD Securities in New York. "Stocks found a bottom so Treasuries are adjusting and trading in line with that, but investors are still skittish," said Stanley Sun,...

  • NEW YORK, Feb 9- Oil prices slid for a fourth straight session on Tuesday and teetered close to 12-1/ 2- year lows hit last month, after weak demand forecasts from the U.S. government and the western world's energy watchdog, while weak equities also pressured prices. "The longs got out, the shorts jumped back in and there was possibly a whole lot of hedging by producers...

  • SAN FRANCISCO, Feb 9- Global economic uncertainty and worries about weak spending on information technology are forcing investors in cloud computing stocks and related enterprise companies to take a reality check. That's the mentality of technology investors right now, "said Michael James, managing director of equity trading at Wedbush Securities in Los...

  • NEW YORK, Feb 9- Burberry Group Plc, the British luxury fashion brand, sued J. C. Penney Co on Tuesday, accusing the U.S. retailer of trademark infringement for selling outerwear that featured exact copies of its famous "Burberry check" pattern. In a complaint filed in U.S. district court in Manhattan, Burberry accused J.C. The Levy Group, a Manhattan distributor accused...

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • NEW YORK, Feb 9- The U.S. dollar fell sharply on Tuesday to its lowest level in nearly four months, as measured by an index of major currencies, with fears of a global economic slowdown pushing investors into safe-haven currencies like the Japanese yen and Swiss franc. The U.S. dollar index, which measures the greenback against a basket of world currencies, fell to...

  • *Tumbling oil weighs on energy stocks. Feb 9- U.S. stocks rose in a late-day rally on Tuesday afternoon, helped by gains in biotechs including Gilead and in materials shares. Shares of Gilead rose 2.7 percent at $87.60, while Allergan added 2.2 percent at $272.10.

  • The lawsuit filed in the U.S. District Court in Manhattan seeks a halt to further infringements, plus damages.

  • NEW YORK— A former business titan convicted more than a decade ago in a notorious corporate fraud case that featured headline-grabbing tales of excessive spending is now board chairman of a New York City nonprofit that helps ex-prisoners re-enter society, the group announced Tuesday. Ex-Tyco International CEO L. Dennis Kozlowski, who served 6½ years behind...

  • *Stops short of $1,200 an ounce on Tuesday. NEW YORK/ LONDON, Feb 9- Gold turned higher on Tuesday but hovered beneath the previous session's 7-1/ 2- month high of $1,200 an ounce, buoyed by risk aversion as equities remained volatile and the dollar extended losses. Spot gold was up 0.1 percent at $1,192.30 an ounce at 2:12 p.m. EST, below the session high of $1,198.90...

  • Feb 9- Calpers has purchased a New York office tower for $1.9 billion, in one of the biggest real estate investments in its history, the Sacramento Bee newspaper reported on Tuesday. Calpers confirmed to Reuters that it had purchased 787 Seventh Avenue in midtown Manhattan but did not disclose the purchase price. The purchase of the 50- story AXA Equitable Center...

  • The U.S. Securities and Exchange Commission's investigation is focusing on what roles former Salix Chief Executive Officer Carolyn Logan and former Chief Financial Officer Adam Derbyshire may have played in the disclosures, the source said. Valeant Pharmaceuticals International Inc, which acquired Salix for about $11 billion last April, said in an...

  • WASHINGTON, Feb 9- U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth. said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. Job openings, a measure of labor demand, increased 261,000 to a...

  • NEW YORK— If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: Companies that buy their own shares. The companies losing money on these bets are down a collective $126 billion over the past three years, a decline of 15...

  • *Brent down 5 pct, weighs on energy stocks. Feb 9- Wall Street was lower on Tuesday, after bouncing between gains and losses in a choppy session, as the beaten-down energy and financials stocks fell further and a rebound in technology faded. "We're starting to feel some of the knock on effects from energy and distress in those markets," said Steven Baffico, chief...