Top News & Analysis New York

  • TOKYO, Oct 17- Fujifilm Holdings Corp has won an appeal in its legal battle with Xerox Corp, with a U.S. court overturning preliminary injunctions requested by activist investors that had blocked a planned merger. Xerox in May scrapped a $6.1 billion deal with Fujifilm in a settlement with investors Carl Icahn and Darwin Deason that also handed control of the U.S....

  • HOUSTON, Oct 17- Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. "The risk for a number of firms is to the downside," said Brad Handler, a Jefferies equity analyst in New York who...

  • NEW YORK, Oct 16- Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal,...

  • Oct 16- Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The leap in subscribers marked a sharp turnaround from three months ago, when investors sent Netflix shares tumbling 14 percent after...

  • HANGZHOU, China, Oct 17- Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country's wave of investment in clean transportation. China is using preferential policies and brute manufacturing power to position itself at the forefront of...

  • The body that governs the capital's historic "Square Mile" financial district said in a report that London secured 55 inbound foreign direct investment projects in financial services last year, compared with 26 each for Dublin and Paris, 24 in Frankfurt, and 20 in New York. Top investors came from the United States, Sweden and China, while investments from the...

  • Southeast were still without power on Tuesday, according to local power companies, since Hurricane Michael last week swept up the East Coast from Florida to Virginia. In total, over 3.2 million customers lost power from Florida to New York after Michael struck the Florida Panhandle as a Category 4 storm with maximum sustained winds of 155 miles per hour.

  • NEW YORK, Oct 16- Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal, could...

  • Sudhakar Reddy Bonthu, 44, a former software product development manager at Equifax, pleaded guilty in July to charges he bought and sold stock options before the company announced the massive data breach in September 2017. U.S. District Court Judge Amy Totenberg on Tuesday ordered Bonthu to forfeit $75,979 and also pay a $50,000 fine. The breach gave hackers...

  • NEW YORK, Oct 16- China's holdings of U.S. "This was probably just to support China's currency and just to handle day-to-day flows," said Jon Hill, interest rates strategist at BMO Capital Markets in New York. In August, the U.S.- China tariff war escalated, and the concern was that China would retaliate by cutting its vast holdings of Treasuries.

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14: Refinitiv. NEW YORK, Oct 16- Oil prices edged up in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top exporter Saudi Arabia.

  • *Tech leads all 11 S&P sectors higher. NEW YORK, Oct 16- U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall Street's three major indexes tallied their biggest one-day percentage gains since...

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14- Refinitiv. NEW YORK, Oct 16- Oil prices edged up in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top exporter Saudi Arabia.

  • Southeast were still without power on Tuesday after Hurricane Michael swept up the East Coast from Florida to Virginia last week, according to local power companies. In total, over 3.2 million customers lost power from Florida to New York after Michael struck the Florida Panhandle as a Category 4 storm with maximum sustained winds of 155 miles per hour.

  • *Q3 EPS $6.28 vs forecast $5.38. Oct 16- Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardising new Chief Executive David Solomon's task to boost revenue by $5 billion by 2020.. Goldman Chief Financial Officer Marty Chavez said the bank would slow Marcus's expansion if...

  • *Traders eye Italy, Brexit, Middle East developments. NEW YORK, Oct 16- U.S. "Following the extraordinary volatility in both stocks and bonds, we are seeing a bit of a calming here as traders are looking for new ranges," said John Canavan, market strategist at Stone& McCarthy Research Associates in New York.

  • NEW YORK, Oct 16- The U.S. dollar index was little changed on Tuesday while emerging market currencies outperformed, as rising stock markets reflected an improved risk appetite. Equity prices seem to be rising globally again and reversing a little bit of the panic that we saw last week, said Mark McCormick, North American head of FX strategy at TD Securities in...

  • GROUNDBIRCH, British Columbia, Oct 16- At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada's nascent liquefied natural gas export industry could be a climate time bomb. The Groundbirch project, perched above...

  • *Iran exports 1.33 mln bpd of crude in Oct. 1-14- Refinitiv. NEW YORK, Oct 16- Oil prices rose in cautious trade on Tuesday as expectations of higher U.S. shale output and inventories vied with worries that crude supply from the Middle East could be disrupted by looming U.S. sanctions on Iran and growing tensions with top producer Saudi Arabia. "The focus within the oil...

  • NEW YORK, Oct 16- The U.S. government's first sale of two-month debt scored solid demand on Tuesday with bond dealers buying much of the $25 billion supply, as it has leaned on short-term debt to finance a growing budget gap. "The Treasury found a point on the bill curve that attracted strong demand," said Jon Hill, interest rate strategist at BMO Capital Markets in New...