Top News & Analysis New York

  • *Wall Street's fear gauge surges to over 1- yr high. New York, Feb 24- Wall Street's three major averages plunged on Monday as investors ran for safety after a surge in coronavirus cases outside China fanned worries about the global economic impact of a potential pandemic. Treasuries after countries including Iran, Italy and South Korea reported a rise in virus...

  • WASHINGTON, Feb 24- U.S. passenger railroad Amtrak, following the practice of U.S. airlines, said on Monday it would limit refunds and passengers' ability to make changes to the lowest-price train tickets starting on Sunday. A search for a trip between Washington and New York for early April showed saver fares at $54 one-way, value $98 and flexible tickets $192.

  • Feb 24- HP Inc said on Monday it would step up efforts to slash costs and buy back stock, as it seeks investor support to defend against a $35 billion takeover offer from U.S. printer maker Xerox Holdings Corp.. The announcement came after Xerox raised its cash-and-stock bid for HP earlier this month by $2 to $24 per share, ahead of a tender offer it plans to launch in...

  • WINNIPEG, Manitoba/ OTTAWA, Feb 24- Teck Resources Ltd's surprise decision to cancel a planned C $20.6 billion oil sands mine in northern Alberta, citing uncertainty about Canada's climate policy, underscores a global struggle to balance energy growth with environmental concerns. Numerous pipeline and drilling projects in the United States and Canada, the...

  • Feb 24- Williams Cos Inc said on Monday it canceled the proposed Constitution natural gas pipeline from Pennsylvania to New York following years of opposition from politicians and environmental groups in New York. The U.S. Federal Energy Regulatory Commission approved construction of Constitution in December 2014, but the project remained stalled...

  • *Health insurers fall after Bernie Sanders' Nevada victory. New York, Feb 24- The Dow Jones Industrials was on track for its biggest daily decline in two years and the S&P 500 fell more than 3% on Monday, as investors fled riskier assets as fears about the global economic impact of the coronavirus intensified after a surge in cases outside China.

  • Feb 24- Drugmaker Mallinckrodt Plc has begun confidential discussions with creditors and is considering placing its U.S. generic drug business into bankruptcy to address the debt maturities and liabilities arising out of the opioid crisis, WSJ reported citing people familiar with the matter. Mallinckrodt did not immediately respond to Reuters request...

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe were on track to fall by the most in two years on Monday and oil prices tumbled as a jump in coronavirus cases outside of China drove investors to the perceived safety of gold and government bonds on fears of the impact to the global economy.

  • *Health insurers fall after Bernie Sanders' Nevada victory. Feb 24- The Dow Jones Industrials shed 1,000 points on Monday and the S&P 500 was set for its worst day in two years as a surge in coronavirus cases outside China clouded global growth outlook. Several countries including Iran, Italy and South Korea reported a rise in virus cases over the weekend, fanning...

  • *European stocks tumble, Italy down more than 5% after virus spread. NEW YORK, Feb 24- Stocks across the globe posted their largest decline in over two years on Monday and oil prices tumbled 5% as a jump in coronavirus cases outside of China sent investors scrambling to the security of gold and government bonds on fears of the impact to the global economy.

  • WASHINGTON, Feb 24- The Trump administration is considering asking lawmakers for emergency funding to ramp up its response to the fast-spreading coronavirus, a White House spokesman and an administration source said on Monday, though they did not say how much money was needed. "We need some funding here to make sure that we... protect all Americans, that we keep us...

  • *Coronavirus cases jump in South Korea, Italy and Iran. NEW YORK, Feb 24- Oil prices slumped by 5% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect on demand for crude. Global equities also extended losses as worries about the impact of the virus grew, with the number of cases jumping in Iran, Italy...

  • NEW YORK, Feb 24- The Japanese yen jumped versus the U.S. dollar on Monday in a risk-off move spurred by the rise in coronavirus cases. Italy, South Korea and Iran reported sharp rises in coronavirus cases on Monday, but China eased curbs as the infection rate there slowed and a visiting World Health Organization team said a turning point had been reached in the...

  • NEW YORK, Feb 24- The Japanese yen jumped versus the U.S. dollar on Monday in a risk-off move spurred by the rise in coronavirus cases. Italy, South Korea and Iran reported sharp rises in coronavirus cases on Monday, but China eased curbs as the infection rate there slowed and a visiting World Health Organization team said a turning point had been reached in the...

  • *Health insurers fall after Bernie Sanders' Nevada victory. Feb 24- The Dow Jones Industrials fell more than 800 points and the S&P 500 as well as the Nasdaq hit three-week lows on Monday as a surge in coronavirus cases outside China fueled global growth worries and pushed investors to safer assets. An increase in cases in Iran, Italy and South Korea over the weekend...

  • NEW YORK, Feb 24- The Institute for Clinical and Economic Review, a small but influential Boston- based research group, has signed a deal with private technology company Aetion to help it use patient health data in its reports on whether individual drugs are priced properly. Large national regulators, including the U.S. Food and Drug Administration and United...

  • Feb 24- Warren Buffett, the chairman of Berkshire Hathaway Inc and one of the world's most admired investors, said on Monday he is a Democrat, and would have "no trouble" voting for fellow billionaire Michael Bloomberg for U.S. president. Speaking on CNBC television, Buffett also said he agreed with some positions of Bernie Sanders, who is looking to cement his...

  • Feb 24- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, on Monday called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a pandemic. Markets worldwide fell on Monday on concern about how the Covid-19 coronavirus outbreak, which began in China and has spread to countries including Italy,...

  • NEW YORK, Feb 24- The S&P 500 fell more than 3% at the open on Monday, and the Dow Jones industrials plunged more than 800 points, as investors raced to safe-havens after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth. A rise in cases in Iran, Italy and South Korea over the weekend added to fears of a pandemic.

  • NEW YORK, Feb 24- U.S. stock index futures nosedived on Monday as investors raced to perceived safe-haven assets after a surge in coronavirus cases outside China stoked fears of a bigger impact to global economic growth. A rise in cases in Iran, Italy and South Korea over the weekend added to fears of a pandemic. Thus far it has been more contained within China and...