Top News & Analysis United States

  • FRANKFURT/ WASHINGTON, Dec 2- President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday. In 2012, Obama ordered Ralls Corp, owned by China's Sany Group, to sell its interest in wind...

  • CHICAGO, Dec 2- U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices. The financing included a $500 million term loan, which the company is planning to repay, along with a $200 million bonding accommodation...

  • SAN DIEGO— A retired Department of Defense contracting supervisor was sentenced Friday to six years in prison for accepting bribes from a Malaysian businessman nicknamed "Fat Leonard" who is at the center of the Navy's worst corruption case. Paul Simpkins, who was sentenced in federal court in San Diego, pleaded guilty in June to steering multi-million dollar...

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. The order finalizes a tentative ruling made by the department in April and comes shortly after the European Commission formally filed for...

  • PELLA, Iowa— A 66- year-old southern Iowa man was identified as the driver of a pickup truck that crashed into a southeast Iowa Wal-Mart, killing three and injuring himself and another man in what officials believe was an accident. Witnesses have said the driver, Dennis Mockenhaupt, of Knoxville, Iowa, plowed through a glass front entrance of the Pella store at a...

  • CHICAGO, Dec 2- The junk-rated Chicago Public Schools on Friday announced a bigger, largely bond-financed capital budget a day after a veto by Illinois' governor put a $215 million hole in the district's budget. CPS said it added $600 million in projects to its fiscal 2017 capital plan, bringing the total to $938 million. On Thursday, Republican Governor Bruce...

  • Dec 2- The U.S. Transportation Department said on Friday it granted flying rights to Norwegian Air Shuttle ASA's Irish unit, setting the stage for a new battle among airlines for leisure travelers across the Atlantic. The order finalizes a tentative ruling made by the department in April. It comes shortly after the European Commission formally filed for...

  • ALEXANDRIA, Va.— A political donor and cable news commentator pleaded guilty Friday to federal criminal charges in what prosecutors described as a $30 million investment fraud scheme tied to his health-technology company. Sreedhar Potarazu, 51, an ophthalmogist from Potomac, Maryland, was appointed to serve on the credentials committee to this year's...

  • A man walks past Deutsche Bank offices in London.

    Deutsche Bank has agreed to pay $60 million to settle litigation by investors who accused the bank of conspiring to manipulate gold prices.

  • NEW YORK, Dec 2- Deutsche Bank AG has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, and requires a judge's approval.

  • NEW YORK— Municipal bond yields hit fresh highs again this week, continuing their strong climb since the U.S. presidential election. According to the AP Municipal Bond index, the 10- year muni yield was 2.810 percent as of 5 p.m. Eastern time Friday. Just a month earlier, it was 2.051 percent.

  • CHARLESTON, W.Va.— Environmentalists and the Pocahontas Land Corp. have agreed to settle a lawsuit over coal mine drainage into streams in southern West Virginia. The environmental groups say Pocahontas' former White Flame mountaintop-removal mine in Mingo County continues to discharge selenium, dissolved solids, sulfates and other pollutants into...

  • CHICAGO, Dec 2- U.S. corn and wheat futures firmed on Friday on bargain-buying a day after falling to multi-month lows, but both grains posted weekly declines reflecting swelling global supplies. Chicago Board of Trade March wheat settled up 8-3/ 4 cents at $4.04-1/ 4 per bushel and March corn ended up 4-3/ 4 cents at $3.47-1/ 4 a bushel. Expectations of record wheat...

  • WASHINGTON, Dec 2- The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. U.S. nonfarm payrolls increased by 178,000 jobs last month after increasing by 142,000 in October, the Labor Department said on...

  • Dec 2- A promising but risky new group of customized cancer drugs will be in focus this weekend at the annual meeting of the American Society of Hematology, where clinical trial results will help clarify their potential for doctors and investors. "Juno has dug themselves into such a deep hole," said Brad Loncar, manager of the Loncar Cancer Immunotherapy ETF.

  • Public Storage, up $1.62 to $209.48. Starbucks Corp., down $1.30 to $57.21. Smith& Wesson Holding Corp., down $2.88 to $21.10.

  • Ixia, based in Calabasas, California, did not respond to requests for comment. Ixia shares ended trading on Friday up 14.8 percent at $15.55 on the news, giving the company a market capitalization of close to $1.3 billion. Ixia was founded by Errol Ginsberg in 1997 and went public in 2000, as internet traffic started to increase.

  • Signage for Calvin Klein Inc. is displayed at a store inside the Westfield Sydney shopping center.

    G-III Apparel Group shares rose 3 percent Friday despite the company's disappointing earnings report on Thursday.

  • JEFFERSON CITY, Mo.— When President-elect Donald Trump announced a deal to save hundreds of jobs at a Carrier plant in Indiana, it came with a cost to state taxpayers of about $7 million in tax breaks and grants. States offer more than 1,800 incentive programs for businesses, a figure that has declined slightly over the past five years as programs have been...

  • *Oil reverses loss, marks strong week in wake of OPEC deal. NEW YORK, Dec 2- Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a...