×

Top News & Analysis New York City

  • NEW YORK— The owner of Romano's Macaroni Grill filed for Chapter 11 bankruptcy protection Wednesday, blaming its falling fortunes on the changing tastes of diners who increasingly don't want to eat at sit-down restaurant chains. Romano's Macaroni Grill and its rivals have been losing customers to cheaper and faster chains. Romano's Macaroni Grill's owner...

  • NEW YORK— Kenneth Chenault, one of the most prominent black corporate leaders and long-time chairman and CEO of American Express, is stepping down next year, the company announced Wednesday. Chenault, 66, will be replaced on Feb. 1 by Stephen Squeri, who will take over as both American Express' CEO and chairman of the board. Squeri, 58, is currently vice chairman at...

  • NEW YORK, Oct 18- The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth. "Retail investors continue to pour into the marketplace, and with each headline about a new record, and especially round numbers like that, people tend to feel like they're missing out and you kind...

  • NEW YORK _ SL Green Realty Corp. on Wednesday reported a key measure of profitability in its third quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for funds from operations of $1.57 per share. Five analysts surveyed by Zacks expected $279.5 million.

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. Brent crude futures settled up 27 cents to $58.15 a barrel, off the three-week high of $58.54 a barrel hit earlier on worries about ongoing tensions around oil-rich Iraq and Iran.

  • NEW YORK _ Greenhill& Co. on Wednesday reported a third-quarter loss of $5.9 million, after reporting a profit in the same period a year earlier. The company, based in New York, said it had a loss of 18 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • IBM Corp., up $12.99 to $159.53. Twitter Inc., down 26 cents to $18.02. Anthem Inc., up $4.53 to $191.79.

  • NEW YORK, Oct 18- Wall Street posted record closing highs on Wednesday, driven by strong earnings, while U.S. All three Wall Street major indexes posted record closing highs. "People are of the mindset that there is no alternative to equities and therefore they're continuing to pour into them," said Ian Winer, head of equities at Wedbush Securities in Los Angeles.

  • NEW YORK _ American Express Co. on Wednesday reported third-quarter earnings of $1.36 billion. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share. American Express expects full-year earnings to be $5.80 to $5.90 per share.

  • Sherrod Brown, an Ohio Democrat who attended a White House meeting on the issue Wednesday. Brown says Trump told senators, "I couldn't imagine being a Democrat and running in 2018 having voted against" the GOP tax legislation. The president made the evidently facetious comment in a White House meeting about tax legislation Wednesday with Republicans and...

  • *SEC charges Rio Tinto and top executives with fraud. *Executives concealed problems with Mozambique assets- SEC. *Company raised money while misinforming the market- SEC.

  • NEW YORK, Oct 18- The dollar reversed gains on Wednesday, losing steam after data showed U.S. homebuilding fell last month, and was on track to snap four days of gains, even as higher U.S. It was 0.61 percent higher against the Japanese yen at 112.87 yen. The dollar index may have hit technical resistance at around the 93.80 level, which could have restrained the...

  • *Wall Street at records; Dow above 23,000 on IBM boost. NEW YORK, Oct 18- Wall Street again posted record highs on Wednesday, driven by strong earnings, and Treasury yields rose as investors focused on monetary policy, but the dollar slipped to snap a four-day rally. Investors focused on global economic strength and expectations for gradual monetary policy...

  • Under the deal, which has not been finalized, five of Viacom's six flagship networks- MTV, Nickelodeon, Comedy Central, Paramount Network and BET- would be in the basic package of Charter's Spectrum cable service, according to the source, who wished to remain anonymous because the discussions are confidential. The other three channels included would be VH1, TV Land...

  • Communities around Pennsylvania are hoping to become the site of Amazon's much-vaunted second headquarters, with the e-commerce giant's promises of $5 billion in investment and 50,000 jobs over the next decade and a half. Smaller Pennsylvania cities are making a bid for HQ2, too, even though they don't meet some of Amazon's criteria for population and access...

  • *Kirkuk- Ceyhan pipeline oil flow falls to 225,000 bpd- source. *Iraq crisis, U.S.- Iran tensions raise supply concerns. The global benchmark hits its highest in three weeks earlier in the session at $58.54 a barrel because of ongoing tensions around oil-rich Iraq and Iran, which raised risk premiums.

  • The Republican proposal would eliminate the federal deduction for state and local taxes, a widely popular break used by some 44 million Americans, especially in high-tax, Democratic-leaning states like New York, New Jersey, California and Illinois. Trump and the GOP cast the plan as a boon to the middle class. Meeting at the White House on Wednesday with members...

  • NEW YORK— How long can this nirvana last for investors? The stock market keeps ticking methodically higher into record territory, and the Dow Jones industrial average closed above 23,000 for the first time on Wednesday. On Oct. 19, 1987, the S&P 500 plummeted 20.5 percent to wipe out what had been sizeable gains for the year.

  • LIVE NATION ENTERTAINMENT INC LAS VEGAS FESTIVAL TARGETED BY SHOOTER INSURED BY NEW YORK MARINE& GENERAL INSURANCE CO- DOCUMENT.

  • They follow a series of tweets by Chief Executive Jack Dorsey on Friday announcing plans to act more aggressively to limit the number of bullies and harassers using Twitter. The rules were set out in a letter, which was seen by Reuters, to Twitter's Trust and Safety Council from Twitter's head of safety policy. Dorseys pledge to revamp Twitters guidelines came...