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Top News & Analysis New York

  • NEW YORK _ HRG Group Inc. on Monday reported a loss of $26.2 million in its fiscal fourth quarter. On a per-share basis, the New York- based company said it had a loss of 13 cents. For the year, the company reported net income of $106 million, or 53 cents per share, swinging to a profit in the period.

  • Nov 20- Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly. The defendants did not admit wrongdoing in agreeing to the settlement filed with the Delaware Chancery Court.

  • Nov 20- Bombardier Inc sold $1 billion of seven-year bonds, $100 million more than initially expected, underscoring strong demand for the deal partly slated to retire debt maturing in 2019, according to a term sheet seen by the Reuters financial service IFR. As part of the deal, Bombardier has said it would invest $300 million to set up an Alabama assembly line at...

  • NEW YORK _ Golub Capital BDC Inc. on Monday reported fiscal fourth-quarter profit of $22.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share. Three analysts surveyed by Zacks expected $36 million.

  • MELVILLE, N.Y. _ FalconStor Software Inc. on Monday reported third-quarter net income of $1.4 million, after reporting a loss in the same period a year earlier. The Melville, New York- based company said it had profit of 2 cents per share. A year ago, they were trading at 66 cents.

  • Cavium Inc., up $8.19 to $84.02. Merck& Co., down $1.10 to $54.10. The company will invest $2.88 billion in Sun Art, which runs hundreds of supermarkets across China, taking a 36 percent stake.

  • NEW YORK— The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. AT&T would be able charge rival distributors such as cable companies "hundreds of millions of dollars more per year" for Time Warner's networks, the Department of Justice charged in a press release.

  • NEW YORK, Nov 20- U.S. stocks rose on Monday, with some of the year's underperforming sectors leading the way, while high-performing tech shares were boosted by a deal in semiconductors. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter leading up to the Thanksgiving holiday on Thursday and an...

  • NEW YORK, Nov 20- U.S. stocks rose on Monday, with some of the year's underperforming sectors leading the way, while high-performing tech shares were boosted by a deal in semiconductors. With no major earnings or economic data scheduled this week, trading volumes were thin and expected to get even quieter leading up to the Thanksgiving holiday on Thursday and an...

  • Nov 20- An antitrust lawyer pleaded guilty on Monday to federal charges that she conspired with her husband to use two bogus vendors to defraud two New York law firms out of $7.8 million. Keila Ravelo, who prior to her 2014 arrest had been a partner at law firm Willkie Farr& Gallagher, pleaded guilty in federal court in Newark, New Jersey to conspiracy to commit wire...

  • LOS ANGELES, Nov 20- Oil prices fell 0.8 percent on Monday, extending recent weakness ahead of next week's OPEC meeting, while a rally in the dollar hurt commodities across the board. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year to try to...

  • NEW YORK/ LONDON, Nov 20- Gold fell more than 1 percent on Monday, giving up the prior session's gains on pressure from the rising dollar, expectations for U.S. interest rate hikes and as the market entered a holiday week. Spot gold was down 1.4 percent at $1,275.66 an ounce strongest since Oct. 16. of major currencies in nearly a week, as the euro weakened amid political...

  • *Trading expected to be light before Thanksgiving. NEW YORK, Nov 20- U.S. "The highlight of the week should be the minutes on Wednesday," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • LOS ANGELES, Nov 20- Oil prices fell more than 1 percent on Monday, extending recent weakness ahead of next week's OPEC meeting, while a rally in the dollar hurt commodities across the board. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year to try...

  • WASHINGTON— Janet Yellen submitted her resignation from the Federal Reserve board to President Donald Trump on Monday, announcing that she will leave when her successor is sworn in as Fed chairman. In a letter to the president, Yellen said she would her "utmost" to ensure a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed...

  • NEW YORK— New York has hundreds of hotels, located in different neighborhoods, with different styles and amenities. The Beekman hotel opened just last year at 123 Nassau St., but its Temple Court restaurant and bar has already become one of Lower Manhattan's most popular after-work spots. In the lobby, antique oriental carpets suggest exotic adventure, while...

  • WASHINGTON, Nov 20- A decision by Mitsubishi UFJ Financial Group Inc to shift its U.S. banks from state regulators to a federal bank regulator is garnering scrutiny from a pair of U.S. Senators Elizabeth Warren and Chris Van Hollen sent a letter to the Office of the Comptroller of the Currency on Monday, pressing for details on the regulator's decision to allow the...

  • Nov 20- Bombardier Inc is expected to price its new bond offering on Monday, a day ahead of initially planned, in a sign the Canadian plane and train maker is drawing strong interest for its $900 million deal, one of the lead banks said. As part of the deal, Bombardier has said it would invest $300 million to set up an Alabama assembly line at an existing Airbus facility...

  • NEW YORK— New York police say the Macy's Thanksgiving Day Parade balloon inflation viewing will end two hours earlier this year and anyone attending must be screened. This year, the public must leave by 8 p.m. instead of 10 p.m. The event also will begin two hours earlier, at 1 p.m. No backpacks will be allowed. Central Park West will be shut down starting at noon.

  • With no major earnings or economic data scheduled this week, trading volumes are expected to thin leading up to the Thanksgiving holiday on Thursday and an early market close on Friday. "Wall Street is looking for the next catalyst to move higher," said Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Co in Milwaukee,...