Top News & Analysis United States

  • TRENTON, N.J.— Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland. In its second deal this week, New York- based Pfizer said it's buying rights to Anglo-Swedish...

  • BISMARCK, N.D.— The Latest on the legal proceedings against a Texas- based oil pipeline:. A federal judge in Washington, D.C., is considering a request by the Standing Rock Sioux Tribe for a temporary injunction against an oil pipeline under construction near their reservation, which straddles the North Dakota-South Dakota border. Tribal officials are...

  • WASHINGTON, Aug 24- U.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested the housing market remained on solid ground. The slump in sales reported by the National Association of Realtors on Wednesday is likely to be temporary, given that a...

  • LONDON— Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included. Under the deal, AstraZeneca will sell the commercialization and development rights in most markets globally outside the United States.

  • FLORIDA HEALTH DEPARTMENT REPORTS 15 NEW TRAVEL-RELATED CASES OF ZIKA VIRUS ON WEDNESDAY.

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is awaiting Federal Reserve Chair Janet Yellen's speech in Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year we are supposed to be getting draws," Tariq Zahir, oil trader at...

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • Crushed stones and mined soil are deposited in a pile before being processed at Newmont Mining's Yanacocha gold mine in Cajamarca, Peru, Oct. 21, 2015.

    Shares of gold miners fell as gold dropped below its 50-day moving average, ahead of Yellen's highly anticipated Friday speech.

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...

  • The actions, brought under an SEC initiative that encouraged municipal bond issuers to self-report certain violations, involved conduct that occurred between 2011 and 2014, the SEC said. All of the entities involved settled with the SEC without admitting or denying the SEC's findings, the agency said. The action covers a wide range of other issuers and...

  • Aug 24- PharMerica Corp, a U.S. pharmacy manager for long-term care facilities, is exploring strategic alternatives including a potential sale, according to people familiar with the matter. The move comes five years after PharMerica received an unsolicited bid from rival Omnicare Inc, which subsequently backed off from a hostile takeover after the U.S....

  • Montana was omitted from the list, which also includes Alabama, Mississippi, Nevada, Wyoming, and Utah. The grisly death of a 10- year-old boy on a Kansas water slide and a Ferris wheel accident in Tennessee this summer have led to renewed demands for tighter inspection rules for amusement rides. The grisly death of a 10- year-old boy on a Kansas water slide and a...

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year that we are supposed to be getting draws," said Tariq Zahir, who...

  • Also Wednesday, a federal judge in Washington, D.C., will consider a request by the Standing Rock Sioux Tribe to temporarily stop construction of the pipeline near their reservation, which straddles the North Dakota-South Dakota border. The $3.8 billion pipeline, which will run 1,168 miles through Iowa, Illinois, North Dakota and South Dakota, has generated...

  • Aug 24- Wall Street was lower on Wednesday, led by declines in technology and defensive stocks as investors weighed up the possibility of a rate hike in the coming months. The market is squarely focused on Federal Reserve Chair Janet Yellen's speech at Jackson Hole, Wyoming on Friday when she is expected to give a steer on the direction of monetary policy.

  • SEATTLE— Federal prosecutors and defense lawyers will make their closing arguments Wednesday morning in the trial of a Russian man charged with hacking into U.S. businesses to steal credit card information. Prosecutors say Roman Seleznev, the son of a Russian lawmaker, made millions selling the data on a special website. Seleznev's lawyer, John Henry Browne,...

  • Aug 24- U.S. crude and gasoline inventories rose unexpectedly last week as refineries cut output, the U.S. Energy Information Administration said on Wednesday, prompting a drop in oil futures. Crude stocks on the U.S. East Coast soared 3.1 million barrels, the biggest build since February 2015. "The report is bearish, especially relative to expectations, led by the...

  • NEW YORK, Aug 24- A U.S. exchange-traded fund with an innovative strategy is sticking to its bet the music will stop for some dividend-paying companies, even as its own performance has the tempo of a funeral dirge. The Reality Shares DIVCON Dividend Defender ETF buys companies it predicts could hike their dividends and bets against- or shorts- cash-strapped firms...

  • The annual four-day Pro Farmer Midwest Crop Tour late on Tuesday reported above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in Oklahoma City. Most-active November...