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Top News & Analysis New York

  • NEW YORK _ Shutterstock Inc. on Thursday reported fourth-quarter profit of $2.1 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Five analysts surveyed by Zacks expected $143.8 million.

  • JOHANNESBURG, Feb 22- Precious metals producer Sibanye-Stillwater cut off the dividend stream that has made it an investor darling after reporting an attributable loss for 2017 on Thursday. There is no cash to pay the dividend, "said Peter Major, fund manager at Cadiz Corporate Solutions. Chief Executive Neal Froneman said the company might go at least another...

  • CHICAGO, Feb 22- Some of my favorite stories on the retirement beat are not about retirement at all. Rather, they are about people who have taken sharp turns later in life to new careers, often driven by a desire to find greater purpose and meaning in their work and in their lives. I admire these people deeply, and have written dozens of stories about them.

  • Feb 22- Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising interest rates. said Bill Smead, chief executive of Smead Capital Management Inc in Seattle, a Berkshire investor.

  • *Investors price in more Fed tightening after minutes. *Wall Street set for weaker session. LONDON, Feb 22- World stocks tumbled to one-week lows on Thursday after the U.S.

  • RYE, N.Y. _ Acadia Realty Trust on Wednesday reported a key measure of profitability in its fourth quarter. The Rye, New York- based real estate investment trust said it had funds from operations of $33.1 million, or 37 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 33 cents...

  • NEW YORK _ Macquarie Infrastructure Co. on Wednesday reported fourth-quarter net income of $349.1 million. The New York- based company said it had profit of $4.13 per share. For the year, the company reported profit of $451.2 million, or $5.13 per share.

  • RYE, N.Y. _ Associated Capital Group Inc. on Wednesday reported fourth-quarter profit of $15.8 million. On a per-share basis, the Rye, New York- based company said it had profit of 67 cents. Associated Capital shares have risen slightly since the beginning of the year.

  • WASHINGTON— When Australian Prime Minister Malcolm Turnbull arrives in Washington this week for consultations with President Donald Trump, he won't be traveling solo. It's an end run— or at least a shift in focus— around Washington, as foreign leaders react to Trump's unpredictability and occasional lack of interest in the sort of global cooperation they're...

  • WASHINGTON— Payday lenders got regulators to rethink rules on how closely to vet borrowers. They were among those that booked meetings, retreats and conferences at hotels and golf resorts owned by President Donald Trump. An Associated Press analysis of the special interests that visited Trump properties in the first year of his presidency found several...

  • A Qantas Airbus A380 plane at Heathrow Airport in west London.

    Qantas is planning 'huge changes' for its international business next year, which is expected to spur its earnings, its CEO said.

  • Walmart is launching a new online home shopping experience in the coming weeks that will let shoppers discover items based on their style. Later this spring, Walmart is rolling out its new Lord& Taylor dedicated page as part of its partnership with the department store chain's parent company Hudson's Bay. Walmart's home shopping site will include curated...

  • NEW YORK _ Empire State Realty Trust Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in New York, said it had funds from operations of $74.9 million, or 25 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations...

  • FRANKFURT- Speech by ECB board member Yves Mersch at the European Banking Federation's executive committee meeting in Frankfurt am Main, Germany 0930 GMT. "before the 26th International Financial Symposium organized by the Institute for International Monetary Affairs- 0515 GMT VANCOUVER, Canada- Federal Reserve Bank of Dallas President Robert Kaplan...

  • WILLIAMSVILLE, N.Y. _ Life Storage Inc. on Wednesday reported a key measure of profitability in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $1.31 per share. Six analysts surveyed by Zacks expected $132.9 million.

  • Federal prosecutors in Manhattan announced the charges against BitFunder founder Jon Montroll the same day the U.S. Securities and Exchange Commission filed a lawsuit accusing him and the company of running an unregistered securities exchange that defrauded its users. "As alleged, the defendant repeatedly lied during sworn testimony and misled SEC staff...

  • NEW YORK, Feb 21- Investors showed fair demand for the $35 billion of five-year notes auctioned by the U.S. Treasury Department on Wednesday, part of a bumper sales week as the government boosts issuance to help fund President Donald Trump's tax overhaul and a two-year budget deal. Treasuries have been very quiet today so the auction came in on the screws, "said...

  • Brent crude futures settled 17 cents, or 0.3 percent, higher at $65.42 a barrel, after trading between $64.40 and $65.53. Data on U.S. inventories from the American Petroleum Institute will be released at 4:30 p.m. EST and government figures are due on Thursday at 11 a.m.. Rising U.S. shale output should lead to a modest inventory build, said Stewart Glickman, an...

  • Brent crude futures settled 17 cents, or 0.3 percent, higher at $65.42 a barrel, after trading between $64.40 and $65.53. Data on U.S. inventories from the American Petroleum Institute will be released at 4:30 p.m. EST and government figures are due on Thursday at 11 a.m.. Rising U.S. shale output should lead to a modest inventory build, said Stewart Glickman, an...

  • *Wall Street gives back gains after Fed minutes. NEW YORK, Feb 21- The benchmark 10- year U.S. Wall Street, which started the day positive, closed lower after bond yields surged.