×

Top News & Analysis New York

  • STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by the ECB President Mario Draghi at 41st Economic Symposium organized by the Federal Reserve Bank of Kansas City 2017 in Jackson Hole, U.S.A. 1900 GMT STOCKHOLM- Riksbank...

  • STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by the ECB President Mario Draghi at 41st Economic Symposium organized by the Federal Reserve Bank of Kansas City 2017 in Jackson Hole, U.S.A. 1900 GMT STOCKHOLM- Riksbank...

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government on Wednesday approved taxing ethanol imports for the first time in a move to protect local producers from growing shipments coming from the United States. The move ends an agreement between the world's two largest ethanol producers, Brazil and the United States, to keep global ethanol trade free of taxes to boost...

  • Aug 23- General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd, after the U.S. industrial conglomerate moderated its price expectations, people familiar with the matter said. The move underscores the determination of John Flannery, who took over from Jeffrey Immelt as GE's chief executive...

  • SACRAMENTO, Calif.— California prosecutors can bring money laundering charges against the creators of a website that prosecutors label an online brothel, a judge ruled Wednesday. Prosecutors filed new and expanded charges against Backpage.com chief executive Carl Ferrer and website founders Michael Lacey and James Larkin this spring.

  • DETROIT, Aug 23- Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, a study by researchers at DePaul University concluded. Since 2014, eight of the 50 most heavily-traveled routes between cities 120 to 400 miles apart have lost...

  • NEW YORK— The Latest on Amazon's deal to acquire Whole Foods:. The Federal Trade Commission says it will not block Amazon's $13.7 billion takeover of Whole Foods Market. Whole Foods shareholders voted to bless a union with Amazon that the organic grocery chain's CEO called "love at first sight."

  • Lowe's Cos., down $2.81 to $73.01. Cree Inc., down 82 cents to $22.21. La-Z-Boy Inc., down $6.30 to $24.95.

  • NEW YORK _ PVH Corp. on Wednesday reported fiscal second-quarter earnings of $119.7 million. Three analysts surveyed by Zacks expected $2.03 billion. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.81.

  • NEW YORK, Aug 23- U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fund a Mexico border wall. Stocks managed to briefly pare losses after comments from U.S. House Speaker Paul Ryan calling a government shutdown unnecessary. Congress will have about 12 working...

  • NEW YORK, Aug 23- The dollar fell on Wednesday in a generally risk-averse market after U.S. Trump warned late on Tuesday he might end the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. He also said he may shut down the government if he does not get funding to build a wall on the U.S.- Mexico border.

  • SEOUL/ NEW YORK, Aug 24- Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with its new Galaxy Note 8 "phablet," hoping features like dual rear cameras and its biggest-ever screen will extinguish memories of the device's fire-prone predecessor. Priced at $930 to $960 from network carriers, including a dialling and data plan, the Note 8...

  • *Libya's Sharara oilfield remains shut- sources. NEW YORK, Aug 23- Oil prices rose on Wednesday after U.S. crude inventories declined for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt oil and refined products output. "Oil inventories continue their downward trend despite a significant increase in crude oil...

  • NEW YORK, Aug 23- U.S. stocks remained lower on Wednesday as investors mulled President Donald Trump's threat to shut down the government if funds are not secured to build a Mexico border wall. Stocks did briefly pare losses after comments from U.S. House Speaker Paul Ryan that a government shutdown was unnecessary. Wall Street analysts estimate Congress has...

  • NEW YORK, Aug 23- Stocks on Wall Street fell, the dollar sagged and rates on Treasury debt slipped on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico rankled investors. How much emphasis to put on Trump's remarks is hard to say, said John Canavan, market strategist at Stone& McCarthy...

  • *Investors await Jackson Hole speeches by Yellen, Draghi. NEW YORK/ JOHANNESBURG, Aug 23- Gold prices edged up on Wednesday, drawing support from political uncertainty in the United States and the weak dollar before a major central banking conference there this week. "Gold's kind of hanging in there before this Jackson Hole meeting.

  • SEOUL, Aug 24- Samsung Electronics Co Ltd set out to wipe the slate clean in New York on Wednesday with the new Galaxy Note 8 phablet, hoping features like dual rear cameras and its biggest-ever screen will extinguish memories of its fire-prone predecessor. Analysts said brisk sales of that device indicate recovery in Samsung's standing after battery fires...

  • NEW YORK, Aug 23- A divided federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen's SAC Capital Advisors LP, after the U.S. Supreme Court made such cases easier to pursue. The 2nd U.S. Circuit Court of Appeals in Manhattan found "overwhelming" evidence that a Michigan...

  • WASHINGTON, Aug 23- New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery. "The third-quarter sales data are starting out significantly below the second-quarter average, and many other housing reports have also shown some recent...

  • SAN FRANCISCO, Aug 23- What is the true cost of an Uber ride? But it may be the most important question of all when it comes to determining the value of Uber Technologies Inc, which has built its business on massive subsidies to both riders and drivers, producing huge losses in the process, and has yet to show that it can maintain growth without them.