Top News & Analysis North America

More

  • WASHINGTON, July 29- The U.S. economy likely regained speed in the second quarter as robust consumer spending offset a sharp moderation in inventory investment and weak exports, pointing to underlying growth momentum that could be maintained for the rest of the year. Things are falling in place, the economy will continue to move forward, "said Ryan Sweet, a senior...

  • NEW YORK, July 29- Big U.S. brokerages are redefining the term "wealthy" in their pursuit of ever-richer clients to prop up margins eroded by historically low interest rates and growing regulatory burdens. Clients with less than $750,000 are now considered "mass affluent," meaning they may not get the same service as top customers because their financial needs are...

  • BOSTON— Former Vice President Al Gore's daughter and other activists are due back in court after being arrested during a natural gas pipeline protest in Boston. Karenna Gore, activist Tim DeChristopher and four others are expected to appear Friday in Boston Municipal Court after pleading not guilty to misdemeanor charges of trespassing, resisting arrest...

  • SYDNEY, July 29- U.S. soybeans edged higher on Friday, but the oilseed was poised for its biggest one-month fall in more than two years as fears of potential yield losses amid unfavorable weather ease. The most active soybean futures on the Chicago Board Of Trade rose 0.2 percent to $9.80 a bushel after closing down 0.8 percent on Thursday. "The supply concerns of the...

  • DHAKA, July 29- The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. Bangladesh Bank has also agreed to share with the Fed a report into the heist that was prepared by U.S. cyber...

  • NEW YORK FED ASKS PHILIPPINES' CENTRAL BANK TO HELP BANGLADESH RECOVER MONEY FROM CYBER HEIST.

  • SYDNEY, July 29- U.S. soybeans edged higher on Friday, but the oilseed was poised to record its biggest one-month fall in more than two years as concerns over unfavorable weather eased, boosting expectations for bumper supplies. *U.S. Department of Agriculture weekly U.S. export sales for the current marketing season of a negative 1,400 tonnes of soybeans were...

  • TOKYO, July 29- Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with stimulus that would meet markets' expectations. MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early trade while Japan's Nikkei slipped 0.1 percent.

  • SAN FRANCISCO— Microsoft says it is cutting 2,850 jobs, about 2.5 percent of its workforce, as it further scales back its troubled smartphone business. A spokeswoman says the layoffs will mostly affect workers in the company's smartphone hardware operation and related sales teams. Microsoft Corp. disclosed the planned job cuts in a regulatory filing, which...

  • HOUSTON _ Civeo Corp. on Thursday reported a loss of $11.5 million in its second quarter. On a per-share basis, the Houston- based company said it had a loss of 11 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • CHICAGO _ First Industrial Realty Trust Inc. on Thursday reported a key measure of profitability in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 35 cents per share. First Industrial Realty Trust expects full-year funds from operations to be $1.42 to $1.50 per share.

  • SHREWSBURY, N.J. _ Wayside Technology Group Inc. on Thursday reported second-quarter profit of $1.5 million. Wayside Technology shares have decreased 1 percent since the beginning of the year. Keywords: Wayside Technology Group, Earnings Report.

  • BUENA, N.J. _ Teligent Inc. on Thursday reported a second-quarter loss of $2.9 million, after reporting a profit in the same period a year earlier. Teligent expects full-year revenue in the range of $65 million to $72 million. Teligent shares have dropped 11 percent since the beginning of the year.

  • PHILADELPHIA _ Chemtura Corp. on Thursday reported second-quarter profit of $34 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Chemtura shares have dropped 0.5 percent since the beginning of the year.

  • CRYSTAL LAKE, Ill. _ AptarGroup Inc. on Thursday reported second-quarter profit of $59 million. For the current quarter ending in October, AptarGroup expects its per-share earnings to range from 79 cents to 84 cents. AptarGroup shares have climbed slightly more than 9 percent since the beginning of the year.

  • MONROE, Mich. _ MBT Financial Corp. on Thursday reported second-quarter profit of $4.2 million. The bank holding company for Monroe Bank& Trust posted revenue of $14.8 million in the period. Keywords: MBT Financial, Earnings Report.

  • EDEN PRAIRIE, Minn. _ Datalink Corp. on Thursday reported second-quarter earnings of $3.9 million. The Eden Prairie, Minnesota- based company said it had net income of 18 cents per share. Datalink shares have climbed 17 percent since the beginning of the year.

  • VANCOUVER, British Columbia _ Mercer International Inc. on Thursday reported a second-quarter loss of $4.2 million, after reporting a profit in the same period a year earlier. Mercer International shares have declined 10 percent since the beginning of the year. Keywords: Mercer International, Earnings Report.

  • PLEASANTON, Calif. _ Simpson Manufacturing Co. on Thursday reported second-quarter net income of $26.2 million. Simpson Manufacturing shares have risen 22 percent since the beginning of the year. Keywords: Simpson Manufacturing, Earnings Report.

  • CHICO, Calif. _ TriCo Bancshares on Thursday reported second-quarter net income of $9.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Three analysts surveyed by Zacks expected $53.9 million.