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Top News & Analysis New York

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  • NEW YORK, Sept 3- U.S. services sector growth remained robust during August but backed away from a ten-year peak touched in July as new orders, employment and pricing eased month over month, an industry report showed on Thursday. The Institute for Supply Management said its services index fell to 59 last month from 60.3 in July, which was its highest since August...

  • NEW YORK— AOL, now owned by Verizon, plans to buy mobile advertising company Millennial Media in a deal worth about $248 million. Millennial Media, based in Baltimore, runs a marketplace where publishers and marketers can buy ads or sell ad space on mobile websites, videos and apps. AOL is paying $1.75 for each share of Millennial Media, a 31 percent premium from its...

  • CHICAGO, Sept 3- Metals company Alcoa Inc said on Thursday it will invest $60 million to expand its research and development center in Pennsylvania to explore ways to make 3 D printing viable on an industrial scale to produce parts for the aerospace, automotive and construction sectors. The move is part of New York- based Alcoa's strategy of investing in more...

  • PHILADELPHIA— After an outcry over plans to keep most of Pope Francis' audience at his biggest Philadelphia events several blocks away, organizers Thursday announced the pontiff will parade through downtown twice and said they would set aside 30,000 tickets for the public to get a closer view. "Everyone wants to see the pope, and we totally, totally get that," said...

  • *Joy Global falls after slashing full-year forecast. Sept 3- Wall Street was set to open higher on Thursday as weekly jobs data indicated a strengthening labor market, a day ahead of the more critical monthly jobs report, which may feed into the Federal Reserve's interest rate decision. Friday's monthly jobs data will be the last before the Fed meets on Sept. 16-17.

  • ANKARA, Turkey— Two Vice News journalists who were arrested in Turkey on terror-related charges have been released from jail, a Turkish government official said Thursday. Also detained was their Turkey- based assistant and translator, Mohammed Ismael Rasool. A government official told The Associated Press that Hanrahan and Pendlebury were freed on Thursday...

  • Sept 3- Campbell Soup Co reported an 8.6 percent fall in fourth-quarter sales, hurt by a strong dollar, weak sales of its soups and cookies, and one less week in the quarter. Sales in the global baking and snacking unit, which includes Pepperidge Farm cookies and Goldfish crackers, fell 12 percent to $553 million. Net income attributable to the company halved to $68...

  • The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share. Fourteen analysts surveyed by Zacks expected $7.03 billion. Medtronic expects full-year adjusted earnings in the range of $4.30 to $4.40 per share.

  • Sept 3- Packaged foods maker Campbell Soup Co reported an 8.6 percent fall in quarterly sales, hurt by a strong dollar and weak sales in its U.S. simple meals business. Net income attributable to the company fell to $68 million, or 22 cents per share, in the fourth quarter ended Aug. 2, from $137 million, or 43 cents per share, a year earlier. Net sales fell to $1.69 billion...

  • CHICAGO/ NEW YORK, Sept 2- The closure of two ethanol plants this week and proposed sale of a third highlight the growing challenges faced by small producers located far from cheap feedstock supplies in the U.S. The biggest producers such as No. 1 Archer Daniels Midland Co and Green Plains Inc said they have benefited this summer from better-than-expected fuel...

  • *Iceland produces enough energy to power 1.65 million homes in a year, far more than its 300,000- strong population, according to 2013 data from Iceland's energy authority and Reuters calculations. *Cables connect Iceland to the United States via Greenland and Canada, to Britain and to mainland Europe via Denmark and Germany. *Iceland plans to expand this...

  • DALLAS— More than 14.2 million people are expected to fly over the seven days surrounding the Labor Day holiday, a 3 percent increase from last year, according to Airlines for America, the industry's trade and lobbying group. For instance, 1.14 million people are expected to use intercity buses, an increase of 5 percent compared to last year, according to the...

  • In the wake of a half-dozen fiery crashes this year, The Associated Press surveyed nearly a dozen cities with populations of more than 250,000 to gauge how prepared they are to respond to an oil-train derailment. —Variety of tabletop exercises and training exercises have taken place in and around Chicago involving railroads, first responders and government...

  • After a series of fiery crashes, The Associated Press conducted a survey of nearly a dozen big cities that, collectively, see thousands of tank cars each week, revealing a patchwork of preparedness. The AP surveyed emergency management departments in Chicago; Philadelphia; Seattle; Cleveland; Minneapolis; Milwaukee; Pittsburgh; New Orleans; Sacramento,...

  • Asian stock markets ebb ahead of US jobs report Thursday, 3 Sep 2015 | 1:04 AM ET

    NEW YORK— U.S. stocks were slightly higher Thursday, helped by comments from European Central Bank policymakers, who said they were willing to provide more stimulus to the region's economy, if needed. READY TO ACT: The European Central Bank said it's ready to give the eurozone a bigger dose of stimulus should inflation across the 19- country bloc fail to pick up,...

  • NEW YORK— Landlords hoping to pay tenants to move out of the city's 1.3 million rent-regulated apartments will face new limitations on extending offers under measures signed Thursday to rein in a practice that has come under scrutiny in a roaring real-estate market. Under state laws, vacant rent-stabilized apartments often can be renovated, deregulated and...

  • US Muslims hope new billboards reclaim Islam's message Thursday, 3 Sep 2015 | 12:05 AM ET

    The New York- based Islamic Circle of North America has erected 100 billboards over the summer that feature statements such as: "Muhammad believed in peace, social justice, women's rights" and "Muhammad always taught love, not hate; peace, not violence." They are in cities including Boston; New York; Phoenix; San Diego; El Paso and Austin, Texas; Memphis, Tennessee;...

  • BOSTON, Sept 2- Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told clients on Wednesday that...

  • NEW YORK, Sept 2- Bitcoin exchange itBit has hired Daniel Alter as the company's new general counsel and chief compliance officer, the firm announced on Wednesday. "The New York State Public Officers law requires that I have a two-year recusal before I can appear before the New York Department of Financial Services on behalf of the company," said Alter, who left the...

  • NEWARK, N.J., Sept 2- A man charged over his alleged role in a more than $100 million insider trading scheme that involved hacking into networks that distribute corporate news releases pleaded not guilty on Wednesday. Arkadiy Dubovoy, who spoke Russian and used an interpreter, entered his plea to securities fraud, wire fraud and conspiracy charges in a brief...