Top News & Analysis United States

  • CAMBRIDGE, Mass.— Harvard University dining hall workers are preparing to go on strike. The union says the 750 dining hall workers it represents will walk picket lines at more than a dozen locations across Harvard's undergraduate and graduate campuses. Harvard didn't immediately return messages seeking comment.

  • A Deutsche Bank logo can be seen in front of a board with the DAX graph on the floor of the stock exchange in Frankfurt am Main, Germany, 16 September 2016.

    Shares of Deutsche Bank jumped 14 percent Friday in New York after AFP, citing a source, reported that the bank may be near a settlement with the U.S. Department of Justice.

  • Sept 30- A former Morgan Stanley stockbroker who participated in a $5.6 million insider trading ring involving stock tips passed on napkins and Post-it notes in New York's Grand Central Terminal was sentenced to three years in prison on Friday, federal prosecutors said. District Judge Michael Shipp in Trenton, New Jersey, two years after pleading guilty to...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 425 rigs sought oil and 96 explored for natural gas this week. Alaska, Arkansas, Colorado, Louisiana, Oklahoma, Pennsylvania and West Virginia increased by one apiece. California, Kansas, Ohio, Utah and Wyoming were unchanged.

  • A statue is pictured next to the logo of Germany's Deutsche Bank in Frankfurt, Germany, September 30, 2016.

    Shares of Deutsche Bank were leaping in New York trade Friday, but there's reason to be skeptical about a settlement being cited.

  • SACRAMENTO, Calif.— A new California law allows self-driving vehicles to be tested on public roads with no human backup. The San Jose Mercury News reports that under the bill signed into law Thursday by Democratic Gov. Jerry Brown, vehicles without steering wheels, brake pedals or accelerators can be tested at two Bay Area sites.

  • *U.S. corn stocks from Sept. 1 miss average analyst estimate. CHICAGO, Sept 30- U.S. corn futures jumped on Friday as government crop data signalled that livestock producers had not cut back on feeding the grain in favour of wheat, as some traders had expected. The U.S. Department of Agriculture, in a quarterly crop report, said 1.738 billion bushels of corn were in...

  • Sept 30- U.S. drillers in the third quarter added the most oil rigs of any quarter since 2014, according to a closely followed report on Friday, but the pace of additions has slowed as crude holds below $50 a barrel despite OPEC's first plan in eight years to cut output. More than two-thirds of those rigs, or 67, were placed in the Permian basin in west Texas and eastern...

  • BMW confirmed a report earlier Friday by Bloomberg News. Reuters reported on Sept. 9 that top BMW executives were skipping Paris auto show events this week to resolve differences over electric vehicle strategy and chart a new electric product offensive, including a possible electric Mini. BMW faces increasing pressure from German rivals Daimler AG and...

  • CHICAGO— The man who got generations of hot dog lovers humming along to the Oscar Mayer Wiener song has died. Richard Trentlage died Sept. 21 in Libertyville, Illinois, at the age of 87, according to an obituary posted online by a northern Illinois funeral home. Trentlage was born in Chicago and began penning jingles as a high school student, starting with one about a...

  • BILLINGS, Mont.— In a story Sept. 29 about cell phones in national parks, The Associated Press reported erroneously how a bill in the U.S. House would affect rental fees on telecommunications facilities. Cellphones spill into Yellowstone's wilds despite park plan. Signal coverage maps for two of Yellowstone's five cellphone towers show calls can now be received...

  • NEW YORK, Sept 30- Oil prices were on track to their largest weekly advance in more than month on Friday, supported by planned OPEC output cuts, but profit-taking after a two-day rally kept benchmark crude contracts below the key $50 per barrel mark. Both Brent and U.S. crude's West Texas Intermediate futures showed gains of 7 percent or more on the week after the...

  • FRANKFURT/ LONDON, Sept 30- A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable. Deutsche, which is Germany's largest bank and employs around 100,000 people, has been engulfed by crisis...

  • SAN JUAN, Puerto Rico— A federal control board on Friday took over Puerto Rico's finances and several government agencies for the first time in the U.S. territory's history in a bid to haul the island out of an acute economic crisis. and "Stop pillaging Puerto Rico! Members also voted on which Puerto Rico government agencies would come under the board's oversight.

  • WASHINGTON, Sept 30- U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 percent jump in production and weak demand on the export market filled storage bins, the government said on Friday. The U.S. Agriculture Department also reported corn and soybean stocks as of Sept. 1 at multi-year highs despite...

  • DETROIT— Subaru is recalling nearly 593,000 vehicles, some for a second time, because windshield wiper motors can overheat and increase the risk of a fire. The recall affects certain Legacy and Outback cars from the 2010 to 2014 model years. The company says that due to contamination, parts in the wiper motor cover can interfere with one another.

  • Investigators with the Justice Department also are seeking information on how the company acquires and classifies its oil and gas properties. The company is in discussions with the Justice Department, the Postal Service and state agencies and continues to respond to subpoenas and demands, according to the annual filing. University of Central Oklahoma...

  • DALLAS— American Airlines will make a big technology change this weekend involving planes and pilots, but passengers won't notice a thing if all goes well. It took a similar approach when it combined the reservations systems of American and US Airways last October, and that went smoothly. Including regional subsidiaries, American Airlines Group Inc. has about...

  • WELLINGTON/ WINNIPEG, Sept 30- New Zealand is closely watching changes in how Canada prices dairy products, New Zealand's trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada's dairy farmers and processors, which include Saputo Inc and Parmalat Canada, struck a pricing agreement in July that...

  • *Oil pulls back after rally on OPEC agreement to cut output. Brent crude prices fell as traders booked profits on a rally underpinned by an OPEC agreement to reduce output for the first time in eight years to address global oversupply. "Wall Street was right to worry about Deutsche Bank, but yesterday was a bit of an overreaction, and we're walking back a little bit...