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Top News & Analysis New York City

  • WASHINGTON— Dozens of web addresses implying U.S. senators were "for sale" have been quietly and mysteriously purchased online, amid heightened concerns on Capitol Hill that foreign agents— especially Russians— might be trying to meddle in upcoming midterm elections. An Associated Press investigation found the responsible party: Democrats.

  • *Ayatollah threatens Gulf oil supply if Iran exports blocked. NEW YORK, July 23- Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24- hour strike on three oil and gas platforms in the British North Sea. Late on Sunday night, Trump tweeted that Iran risked dire...

  • A memo provided to The Wall Street Journal shows the electric car maker asked a supplier to return what it calls a meaningful amount of money on its payments since 2016. It is spending about $1 billion a quarter as it ramps up manufacturing of the Model 3 sedan and had $2.7 billion in cash on hand at the end of the first quarter. Citi Investment Research analyst Itay...

  • NEW YORK— The New York tabloid Daily News will cut half of its newsroom staff, saying it wants to focus more on digital news. The paper was sold to tronc Inc. last year for $1, with the owner of the Chicago Tribune assuming liabilities and debt. Robert York, editor of Tronc-owned The Morning Call in Allentown, Pennsylvania, will take over as editor of The Daily News.

  • KEEPING SCORE: The S&P 500 index fell 1 point to 2,800 as of 11:20 a.m. Eastern Time. The Dow Jones Industrial Average slid 31 points, or 0.1 percent, to 25,026. The Nasdaq lost 13 points, or 0.2 percent, to 7,806. The Russell 2000 index of smaller-company stocks gave up 3 points, or 0.2 percent, to 1,692.. THE QUOTE: "Earnings are coming in better than expected, but you're...

  • NEW YORK— Less than year after acquiring the Daily News, Tronc to cut staffing in the New York tabloid's newsroom in half.

  • *Trump's comment on Iran spurs safe-haven bid for yen. NEW YORK, July 23- The yen strengthened broadly on Monday following a Reuters report that the Bank of Japan was debating moves to scale back its massive monetary stimulus, spurring bids for the Japanese currency. "The market may be too complacent that the BOJ would be in this easy policy mode forever," said Omer...

  • NEW YORK— The latest on developments in financial markets:. Nvidia fell 1.8 percent and Amazon lost 1.4 percent early Monday. Tesla dropped 5.7 percent after the Wall Street Journal reported that the company is seeking rebates from suppliers in order to raise cash.

  • NEW YORK, July 23- Benchmark 10- year Treasury yields rose to their highest levels in a month on Monday as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from U.S. Long-dated yields rose and the yield curve reached its steepest level in three weeks on Friday after a White House official told CNBC that Trump is...

  • BERLIN, Vt.— A roadside eatery that started the year World War I ended is still in business and thriving, this year celebrating 100 years of Yankee cooking in central Vermont. The Wayside Restaurant has expanded since then, serving about 1,000 meals a day. But it's still a place where you can get New England classics like salt pork and milk gravy, boiled dinner and warm...

  • BRUSSELS, July 23- U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters' Financial and Risk unit, the European Commission said on Monday. Blackstone is making its biggest bet since the financial crisis with the $20 billion deal which pits co-founder Stephen Schwarzman against fellow...

  • NEW YORK _ Pzena Investment Management Inc. on Monday reported second-quarter profit of $3.5 million. On a per-share basis, the New York- based company said it had profit of 20 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BRUSSELS, July 23- U.S. private equity firm Blackstone Group has secured EU antitrust approval to acquire a majority stake in Thomson Reuters' Financial and Risk unit, the European Commission said on Monday. Blackstone is making its biggest bet since the financial crisis with the $20 billion deal which pits co-founder Stephen Schwarzman against fellow...

  • *Atos buys U.S. company Syntel in $3.4 billion cash deal. July 23- French IT services company Atos is boosting its North American operations with a $3.4 billion cash deal to buy Michigan- based IT services provider Syntel Inc.. "1/ 8 The deal 3/ 8 will significantly enhance 1/ 8th e Business& Platform Solutions Division's 3/ 8 growth and profitability profile through an...

  • DUBAI, July 23- A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter. Late last week Aramco confirmed a Reuters report that it was working on a possible purchase of a "strategic...

  • Chief Executive Officer of the IT services company Atos Thierry Breton delivers a speech during the presentation of the Atos designed supercomputer Bull Sequana on April 12, 2016  in Paris. 

    France's Atos agreed to acquire U.S.-based Syntel in an all-cash transaction valued at about $3.57 billion, including net debt, the companies said.

  • *China Tower secures $1.4 bln from 10 cornerstone investors. HONG KONG, July 23- China Tower, the worlds largest telecoms tower operator, has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, people close to the deal said. The Beijing- based mobile phone...

  • *China Tower secures $1.4 bln from 10 cornerstone investors. HONG KONG, July 23- China Tower, the worlds largest telecoms tower operator, has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world's biggest listing in four years, five people close to the deal told Reuters. The Beijing- based mobile...

  • July 22- French technology services company Atos SE agreed to acquire Michigan- based Syntel Inc in an all-cash transaction valued at about $3.57 billion, including net debt, the companies said on Sunday. Atos will pay $41 per share, which represents a premium of 4.78 percent to Syntel's closing price of $39.13 on Friday. Syntel is expected on Thursday to report...

  • NEW YORK, July 20- U.S. The Fed has raised rates twice this year and is expected to raise rates a couple more times by year end which may attract more foreign into the U.S. dollar with monetary policy remaining loose in Europe and Japan, analysts said. But investors and traders attribute some of the gains to the Trump administration's tax cuts which are widening the...