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Top News & Analysis North America

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  • MINNEAPOLIS _ Donaldson Co. on Tuesday reported fiscal fourth-quarter profit of $56.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Four analysts surveyed by Zacks expected $595.2 million.

  • WASHINGTON— The Institute for Supply Management releases its August survey on U.S. manufacturing production, orders, hiring and other activity Tuesday at 10 a.m. Eastern. MODEST INCREASE: Economists forecast that the manufacturing index from the trade group for purchasing managers will rise to 52.8 in August from 52.7 in July, according to a survey by the...

  • WASHINGTON— The Commerce Department reports on July U.S. construction spending at 10 a.m. Eastern on Tuesday. This would mark a strong acceleration from the 0.1 percent gain in June to a seasonally adjusted annual rate of $1.06 trillion, the strongest pace since 2007.. In July, housing starts rose 0.2 percent to a seasonally adjusted annual rate of 1.21 million...

  • Sept 1- Canada's Penn West Petroleum Ltd cut its 2015 capital budget for the third time this year, suspended its dividend and said it would lay off about 35 percent of its workforce as it copes with the slump in crude oil prices. Penn West had in March slashed its quarterly dividend to 1 Canadian cent per share from 14 Canadian cents. The Calgary, Alberta- based company...

  • MCLEAN, Va. _ Science Applications International Corp. on Tuesday reported fiscal second-quarter net income of $22 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 66 cents per share. Three analysts surveyed by Zacks expected $1.11 billion.

  • Sept 1- Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Calstrs and Calpers together hold less than 1 percent of the total shares outstanding in Bank of America.

  • SAN FRANCISCO— Yahoo CEO Marissa Mayer says she's pregnant with identical twins. Mayer says that she's informed Yahoo executives of her pregnancy. Three years ago, Mayer announced she was pregnant with her son on her social networking accounts just a few hours after Yahoo hired her as its third full-time CEO in less than a year.

  • The White House said move is required for safety in the changing Arctic- and to keep up with Russia. The U.S. Coast Guard used to have seven icebreakers, but the fleet has dwindled to three creaky vessels, only one of which is a heavy duty vessel, the White House said. "Russia, on the other hand, has 40 icebreakers and another 11 planned or under construction," the White House...

  • SAN FRANCISCO— Microsoft's new Windows 10 system offers more personalization than before, but it also collects more data than people might be used to on PCs, from contacts and appointments to their physical location and even Wi-Fi passwords. The information is used by Cortana, Microsoft's voice-activated digital assistant, and other new features that try to...

  • Sept 1- Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Calstrs and Calpers together hold less than 1 percent of the total shares outstanding in Bank of America.

  • BEIJING/ SHANGHAI, Sept 1- Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, increasing investors' fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which has been one of the lone bright spots in the...

  • TOKYO— Asian shares fell Tuesday as gloomy manufacturing data from China and weak investment figures in Japan augured further uncertainty for investors after a brutal August. KEEPING SCORE: China's Shanghai Composite Index dropped 1.1 percent to 3,172.03 after dipping nearly 5 percent earlier in the session. Australia's S&P/ASX 200 fell 1.2 percent to...

  • BOSTON— The newest classroom at Harvard's business school has no desks or chairs. Here, Harvard sought to create a live, online replica of its campus classrooms. At a recent test of the technology, alumni connected to the room from Thailand, New Zealand and the Philippines.

  • 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.

  • The oil tank cars- a year ago sought-after to haul crude from North Dakota to New Jersey- now stand idle as a result of two converging trends: the reversal in U.S. shale oil production and the completion of new pipelines. Big rail lines, such as Berkshire Hathaway- owned BNSF Railways or Union Pacific are losing what used to be their fastest-growing source of new...

  • Aug 31- Iphone maker Apple Inc is looking to move into the original programming business to compete with video streaming companies such as Netflix Inc, Variety reported on Monday. Apple, which aims to begin offering the service next year, has held preliminary talks with executives from Hollywood in recent weeks to gauge their interest in spearheading efforts...

  • Corn gave up 0.6 percent to $3.73 a bushel and wheat slid 0.4 percent to $4.83-1/ 4 a bushel. "Corn and soybean markets are coming under pressure as U.S. crops are just doing fine and very large supplies from the Midwest will flood the market," said Kaname Gokon of brokerage Okato Shoji in Tokyo. Corn crop was seen at 68 percent good to excellent, matching analysts'...

  • ANCHORAGE, Alaska— Royal Dutch Shell PLC has resumed operations after high winds and rough seas north of Alaska's northern coast put a temporary stop to exploratory drilling in the Arctic Ocean. But Shell spokesman Curtis Smith says in a Monday email to The Associated Press that full operations, including drilling, will start again once a systems check is...

  • WASHINGTON, Aug 31- The United States is considering sanctions against both Russian and Chinese individuals and companies for cyber attacks against U.S. commercial targets, several U.S. officials said on Monday. A move against Chinese entities or individuals before Xi's trip, the officials said, is possible but unlikely because of the strain it could put on the...

  • CHICAGO, Aug 31- Chicago Mayor Rahm Emanuel held a rare public forum on Monday, seeking support for painful belt tightening to solve the city's fiscal crisis, at a meeting dominated by protests over the closing of a high school in an African-American neighborhood. Chants and boos greeted Emanuel, who was forced to agree to meet for the first time with 12 protesters...