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Top News & Analysis New York

  • *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...

  • NEW YORK _ Scholastic Corp. on Thursday reported a loss of $15.4 million in its fiscal third quarter. The New York- based company said it had a loss of 44 cents per share. Scholastic expects full-year earnings in the range of $1.60 to $1.70 per share, with revenue in the range of $1.7 billion to $1.8 billion.

  • PARIS, March 23- Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation. "More fully integrating the De Beers Diamond Jewellers brand and store network will enable us to deliver an even more...

  • North Korean leader Kim Jong Un gives field guidance at the Sci-Tech Complex, in this undated photo released by North Korea's Korean Central News Agency (KCNA) in Pyongyang October 28, 2015.

    Prosecutors are building cases that would accuse North Korea of directing the theft of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York.

  • And since 2000, most middle- and low-income families have seen their incomes drop, when inflation is taken into account, according to Census Bureau data. The GOP health bill exacerbates those disparities, according to a new report by the nonpartisan Tax Policy Center. On average, taxes would go down for families making more than $50,000 a year, while taxes would...

  • NEW YORK— Stocks gave up an early rally and are falling in late trading after Republican leadership delayed a vote on their health care bill amid mounting doubts the legislation has enough votes to pass. Investors are worried that that means trouble for the business-friendly agenda of Congressional Republicans and President Donald Trump.

  • NEW YORK/ HONG KONG, March 23- Global index provider MSCI Inc is seeking feedback from market participants on whether to add Chinese shares to a widely tracked index, a move which could trigger billions of dollars in capital inflows into mainland stocks and ease pressure on its yuan currency. China has removed quota limits on its landmark stock connect programs...

  • 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...

  • With a vote on the bill possible as soon as Thursday, members of the House Freedom Caucus, a conservative Republican faction, said they had been negotiating alterations to the plan with the White House. "I can tell you that we're making great progress," Mark Meadows, chairman of the hardline conservative House Freedom Caucus, told reporters. Trump was to meet at the...

  • President Donald Trump and House of Representatives leaders pushed on Wednesday for votes for their plan to overhaul Obamacare and said they were making progress in their efforts to win over conservative Republicans who have demanded changes to the legislation. With a vote on the bill expected Thursday evening, members of the House Freedom Caucus, a...

  • With a vote on the bill scheduled for Thursday evening, members of the House Freedom Caucus, a conservative Republican faction, said they had been negotiating possible concessions from the White House. "I can tell you that we're making great progress," Mark Meadows, chairman of the Freedom Caucus, told reporters. Representative Steve King, a conservative who was...