Top News & Analysis North America

  • MANILA, Sept 26- Philippine President Rodrigo Duterte said on Monday he would visit Russia and China this year to chart an independent foreign policy and "open alliances" with two powers with historic rivalries with the United States. Duterte said the Philippines was at the "point of no return" in relations with former colonial ruler the United States, so he wanted...

  • ELKHART, Ind. _ Thor Industries Inc. on Monday reported fiscal fourth-quarter earnings of $82.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. Thor Industries shares have increased 47 percent since the beginning of the year.

  • Sept 26- High-end apartment owner Monogram Residential Trust Inc is exploring a sale, the Wall Street Journal reported, citing people familiar with the matter. The Plano, Texas- based real estate investment trust has sounded out potential buyers and deal talks are in early stage, according to the report. Monogram Residential, which had a market capitalization of...

  • FREMONT, Calif. _ Synnex Corp. on Monday reported fiscal third-quarter profit of $58.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share. Three analysts surveyed by Zacks expected $3.49 billion.

  • WASHINGTON, Sept 26- The U.S. Senate's senior Democratic tax law writer says he will rip up a root of corporate tax avoidance if his party wins Senate control in November, targeting trillions of dollars in tax-deferred profits being held abroad by U.S. companies. In an interview with Reuters, Oregon Senator Ron Wyden said he wants to put an end to a Kennedy-era law...

  • WASHINGTON, Sept 26- The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller lenders as it updates its annual stress test, Fed Governor Daniel Tarullo said on Monday. "In pulling this package of modifications together, we have consciously shaped them in accordance with the principle that financial...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. "Unless there's an impressive production cut by OPEC on top of a freeze, I think we'll give back...

  • *Oil prices rise on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world fell on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. Deutsche Bank shares hit a record low on worries about Germany's...

  • ERIE, Pa.— Federal authorities are suing a northwestern Pennsylvania hospital alleging religious discrimination in the firing of six employees who refused to get flu shots. The lawsuit filed Thursday by the Equal Employment Opportunity Commission against Saint Vincent Hospital says the six were fired while medical exemptions were granted to 14 others in...

  • WASHINGTON, Sept 26- The United States said on Monday it had sanctioned a Chinese industrial machinery and equipment wholesaler, a new step in tightening the financial noose around North Korea's nuclear program after its fifth nuclear test this month. It accused the firm of acting on behalf of North Korea's Korea Kwangson Banking Corp, which has been under U.S....

  • SAN ANTONIO, Sept 26- Dallas Federal Reserve President Robert Kaplan said on Monday he would have been comfortable with an interest rate increase at the Fed's policy meeting last week when the central bank chose to keep rates steady. I would have been comfortable seeing that accommodation removed in September, "Kaplan told a banking conference in San Antonio.

  • Jeffrey Klein and Diane Savino, looked at advertisements for 110 rentals offering space for 13 or more people. "We must take legislative action to prevent potential tragedy that could occur from illegally packing people into spaces and hold sites like Airbnb accountable," said Klein, who leads a group of senators known as the Independent Democratic Conference.

  • BUENOS AIRES, Sept 26- The United States will immediately begin work on ways to expedite the exchange of tax information with Argentina, U.S. Treasury Secretary Jack Lew said on Monday, signaling a move that could aid Argentina's tax amnesty program to repatriate overseas assets. "To accelerate the process of sharing tax data on Argentine residents in the United...

  • WASHINGTON, Sept 26- German automaker Volkswagen AG and auto supplier Robert Bosch GmbH have asked a U.S. federal judge to reject requests from European investors and vehicle owners to access more than 20 million pages of records turned over in VW's "Dieselgate" scandal. Volkswagen said in a court filing on Friday it has turned over more than 20 million pages to...

  • Sept 26- Mylan NV faced questions on Monday about the profit on its EpiPen emergency allergy treatment, following a report that the company makes 60 percent more on the injector than it had told Congress. Mylan, which acquired the product in 2007, has raised the list price for a pair of EpiPens to $600 from about $100 in 2008.. Mylan Chief Executive Heather Bresch...

  • NEW YORK— A federal appeals court in New York says American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another. The 2nd Circuit Court of Appeals ruled Monday. American Express Co. had argued its policies kept it competitive against the large payment networks of Visa and MasterCard and their...

  • RALEIGH, N.C.— The Latest on investors calling on North Carolina to repeal the law that limits LGBT protections against discrimination:. Pat McCrory says it's the "height of hypocrisy" for investors whom he describes as " New York hedge fund billionaires" to tell North Carolina what to do about a law that limits LGBT protections against discrimination.

  • Prices also rose on caution ahead of the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump, analysts said. "A lot of the gains in Treasuries are safe-haven trades," said Kim Rupert, managing director for fixed income at Action Economics in San Francisco. The German bank has been fighting a $14 billion demand from the U.S. Department...

  • NEW YORK, Sept 26- A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competing issuers. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge erred in concluding that American Express' agreements...

  • WASHINGTON, Sept 26- The Obama administration will soon ask federal agencies to require that Native American treaty rights be considered in decision-making on natural resource projects, Interior Secretary Sally Jewell said on Monday, hoping to avoid future conflicts with tribes such as the current Dakota Access pipeline dispute. Jewell announced a...