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Top News & Analysis Cleveland

  • The bank now expects total loans to be between $87 billion and $87.5 billion for 2017. It had previously forecast total average loans of $87 billion to $88 billion. Cleveland- based KeyCorp said net income attributable to common shareholders more than doubled to $350 million.

  • CLEVELAND _ KeyCorp on Thursday reported third-quarter net income of $350 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share. Eight analysts surveyed by Zacks expected $1.56 billion.

  • Oct 19- U.S. regional bank KeyCorp reported quarterly profit that more than doubled as it reaps the benefit of its acquisition of First Niagara Financial Group and higher interest rates. Net interest income rose 22 percent to $962 million in the third quarter ended Sept. 30,. Cleveland- based KeyCorp said net income attributable to common shareholders rose to...

  • Oct 19- U.S. regional bank KeyCorp reported quarterly profit that more than doubled as it gains from its acquisition of First Niagara, while income from loans benefited from higher interest rates. Cleveland- based KeyCorp said net income attributable to common shareholders rose to $350 million, in the third quarter ended Sept. 30 from $166 million a year earlier.

  • SEATTLE— Memo to the many places vying for Amazon's second headquarters: It ain't all food trucks and free bananas. And while Amazon is far from solely to blame- and while lawmakers, economists and many residents say the benefits clearly outweigh any drawbacks- life in its hometown is indeed one more endeavor the tech giant has disrupted. Amazon opened its...

  • INDIANAPOLIS— Long-struggling Gary, Indiana, is hoping to stand out in Amazon's search for a second headquarters site by offering a chance to pull the city from its decades of economic decline that's left it with among the country's highest poverty rates. Indianapolis- area leaders are also making a pitch to Amazon, but aren't talking about what they'll be...

  • CLEVELAND— A man acquitted of a felony for creating a fake Facebook page that parodied a suburban Cleveland police department is suing the city, saying they violated his right to free speech. Anthony Novak filed the lawsuit Tuesday against the city of Parma and three officers. He created a Facebook page in March 2016 that appeared similar to the page of Parma's...

  • A family plays outside their home in Alexandria, Va.

    Homeowners have a deduction from their taxes for the interest on their mortgages, but Trump's tax proposal will steer some away from this tax break.

  • WASHINGTON— Each year, taxpayers subsidize America's homeowners by roughly $70 billion, with the benefits flowing disproportionately to coastal areas with high incomes and pricey homes, from New York and Washington to Los Angeles and San Francisco. An affluent New Yorker, for example, would have saved an average of $3,694 in 2015, according to an analysis of...

  • *Sees EBITA hit of 20 mln euros in Q4, 60 mln euros in 2018. AMSTERDAM, Oct 11- Health technology company Philips is suspending the manufacture of some defibrillators in the United States and will make others under heightened scrutiny following criticisms from U.S. regulators, in a move it said would dent profits. Philips disclosed details of the current dispute in...

  • NEW YORK, Sept 29- The dollar was poised for its strongest week of the year on Friday, while world stock markets climbed back near record-high levels on the last trading day of the quarter. On Wall Street, the S&P 500 and Nasdaq minted all-time highs, while European stock markets also gained. The economic data we got was either on target or it was slightly...

  • *Tech sector buoys Wall Street after record high close. NEW YORK, Sept 29- The dollar was headed for its strongest week of the year on Friday as it rose again, while world stock markets climbed back near record-high levels on the last trading day of the quarter. The economic data we got was either on target or it was slightly better than expected so there wasnt anything...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • WASHINGTON, Sept 26- The uneven distribution of employment in the U.S. economy is curbing the nation's long-run potential growth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish inequality. "To the extent that disparities in income and wealth across race, ethnicity, gender, or...

  • *U.S. to sell $26 bln two-year notes at 1 p.m.. Treasury yields rose on Tuesday ahead of a speech by Federal Reserve Chair Janet Yellen and a $26 billion sale of two-year notes, which kicks off this week's $88 billion short- and medium-dated government debt supply. Yellen is scheduled to speak at 12:45 p.m. about "Inflation, Uncertainty, and Monetary Policy" at the...

  • NEW YORK, Sept 26- The euro fell to its lowest level in a month on Tuesday as worry about political fallout in Germany and other euro zone countries grew. Investors have shifted their focus to the euro zone's growing political divides in places such as Spain and Italy after the German election, said Joseph Trevisani, Chief Market Strategist at WorldWide Markets in...

  • *U.S. to sell $26 bln two-year notes at 1 p.m.. Treasury yields rose on Tuesday ahead of a speech by Federal Reserve Chair Janet Yellen and a $26 billion sale of two-year notes, which kicks off this week's $88 billion short- and medium-dated government debt supply. Yellen is scheduled to speak at 12:45 p.m. about "Inflation, Uncertainty, and Monetary Policy" at the...

  • LONDON, Sept 26- Gold eased under pressure from the dollar on Tuesday with investors booking profits after rising tensions between North Korea and United States pushed the metal to a one-week high. The precious metal was hit by profit-taking but relations between North Korea and the U.S continued to deteriorate, said Commerzbank commodity analyst Carsten...

  • LONDON, Sept 26- The euro slipped below $1.18 for the first time in over a month on Tuesday after its worst day this year, as investors worried that months of coalition talks in Germany could hit the economy and make closer euro zone integration difficult. French President Emmanuel Macron, who wants a fundamental overhaul of the European Union's single currency...