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Top News & Analysis United States

  • The CBO estimated that in 2026 49 million people would be uninsured under the Senate bill, compared with 28 million under the current law. It also estimated that the Senate bill would decrease the budget deficit by $321 billion over 2017-2026.. Republicans have only a 52- seat majority in the 100- seat Senate, so McConnell can lose just two Republican senators,...

  • WASHINGTON, June 26- The U.S. Commerce Department said on Monday it had made a preliminary decision to exclude three of Canada's Atlantic provinces from a U.S. investigation into whether Canada is dumping or subsidizing exports of softwood lumber. The decision to exclude Newfoundland and Labrador, Nova Scotia and Prince Edward Island follows a preliminary...

  • MOSCOW, June 26- Russian conglomerate Sistema said on Monday a Russian court had "arrested" some shares it owns, including in the country's biggest mobile operator MTS, in a legal dispute with oil company Rosneft. Sistema is one of the largest private holdings in Russia and is controlled by businessman Vladimir Yevtushenkov. MTS, with the market value of $8 billion...

  • NEW YORK, June 26- Arconic Inc said on Monday it will stop global sales of plastic-filled aluminum cladding panels for use in high-rise buildings after a fire in London's Grenfell Tower, which used those Arconic panels, killed at least 79 people. Shares of the company, formerly a part of Alcoa, fell as much as 11.3 percent after Reuters reported on Saturday it had...

  • Shares in traditional rental car companies such as Avis and Hertz Global Holdings Inc have taken a beating as more travelers use ride services such as Lyft and Uber Technologies Inc The Waymo-Avis deal points to a potential future for rental car companies as managers for fleets of shared and autonomous vehicles require their services changing tires,...

  • Richard Anderson, who spearheaded Delta's growth into the world's largest airline by market value when he retired as chief executive in May 2016, will become president and co-CEO on July 12, two days after Amtrak launches the rebuilding program at New York City's Pennsylvania Station. The repairs, estimated to cost $30 million to $40 million over several years,...

  • Nestle SA, up $3.34 to $88.17. Arconic Inc., down $1.53 to $24.01. Pandora Media Inc., up 18 cents to $8.46.

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • *Utilities, telecom in favor as tech lags. June 26- The S&P 500 and the Dow barely rose on Monday as gains were offset by a fall in technology stocks, which pushed the Nasdaq lower as investors turned to more defensive sectors. "The bond market is signaling an economic slowing," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

  • CHICAGO, June 26- Chicago Board of Trade wheat prices fell about 2 percent on Monday, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week, analysts said. July corn ended up 1-1/ 4 cents at $3.59 a bushel and July soybeans rose 2-1/ 4 cents to $9.06-3/ 4 a bushel. "The wheat price in Chicago has fallen... as part of a consolidation...

  • DETROIT— Takata Corp. filed for bankruptcy protection in Japan and the U.S., leaving consumers to wonder about the status of the recall of about 70 million defective air bag inflators in the U.S. and another 30 million worldwide. Takata says in Japan the figure is closer to 70 percent. Takata's assets are expected to be sold for $1.6 billion to a rival company, Key...

  • NEW YORK, June 26- The U.S. dollar hit a one-month high against the yen and rebounded against the euro on Monday after the European Central Bank chief defended the ECB's easy monetary policy, and as investors awaited Federal Reserve Chair Janet Yellen's speech on Tuesday. ECB President Mario Draghi, speaking to university students in Lisbon, said super low rates...

  • June 26- Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China. Cook reiterated that Apple had generated 740,000 jobs in India through its so-called "app economy" and...

  • NEW YORK, June 26- Nestle's jump to a record high boosted European stocks and helped buoy a global index on Monday, while the dollar was close to recent lows and the U.S. yield curve flattened after soft capital goods data. Stocks were volatile on Wall Street, with defensive sectors emerging as the best performers as the S&P 500 eked out a small gain.

  • The justices narrowed the scope of lower court rulings that had completely blocked key parts of a March 6 executive order that Trump had said was needed to prevent terrorism in the United States, allowing his temporary ban to go into effect for people with no strong ties such as family or business to the United States. 1/ 8 http://tmsnrt.rs/2seb3bb 3/ 8.

  • *OPEC's supply cuts undermined by higher U.S. output. NEW YORK, June 26- Oil prices settled more than half a percent higher on Monday as some traders found bargains after last week's seven-month lows, but rising crude supply in the United States and other countries limited gains. "I think its mostly bottom fishing at this point," said John Kilduff, partner with energy...

  • AMSTERDAM/ LONDON, June 26- When billionaire activist investor Daniel Loeb wanted to give his arguments against Nestle's performance greater credibility and heft, he turned to one of Europe's most experienced turnaround experts, Dutchman Jan Bennink. Loeb's fund, Third Point LLC, disclosed a $3.5 billion stake in the Swiss food group in a letter to its...

  • June 26- Apple Inc is working with Cisco Systems Inc to help businesses that primarily use gear from both companies to get a discount on cyber-security insurance premiums, Apple Chief Executive Officer Tim Cook said on Monday. Sharing a stage with Cisco CEO Chuck Robbins at a Cisco event in Las Vegas, Cook said the combination of gear from the two companies was...

  • TRENTON, N.J.— New Jersey lawmakers approved a bill Monday that would bar employers from asking about salary history, a move supporters say is intended to close the wage gap between men and women. "This provides a means of narrowing the wage gap by making it less likely for employers to unintentionally perpetuate the gap by basing salary offers for new hires on...