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Top News & Analysis New York

  • PHOENIX— Until recently, Lilly Mucarsel has spoken Spanish just about everywhere since arriving in the United States from Ecuador three decades ago: at the library, the movies, the grocery store. Being multilingual in the United States brings advantages like job opportunities and social connections. But speaking something other than English in some public...

  • Alabama: O. B. Grayson Hall Jr., Regions Financial, $9.4 million. Arkansas: C. Douglas McMillon, Walmart, $22.8 million. Arizona: Richard C. Adkerson, Freeport-McMoRan, $16.2 million.

  • **FRANKFURT- Keynote speech by European Central Bank executive board member Yves Mersch on "The Continental Perspective" at Frankfurt Finance Summit 2018 organised by Frankfurt Main Finance e.V. FRANKFURT- ECB board member Sabine Lautenschlager speaks about monetary policy in Frankfurt 1530 GMT. FRANKFURT- The European Central Bank releases monthly data on...

  • CHICAGO, May 25- The biggest U.S. biodiesel lobbying group has dropped its nine-year push to covert a $1- per-gallon tax credit available to blenders of the biofuel into one for producers, the vice president of federal affairs said on Friday. But import duties imposed by the U.S. Commerce Department have nearly stopped biodiesel imports from Indonesia and...

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • Halliburton Co., down $2.08 to $50.19. Foot Locker Inc., up $9.35 to $55.74. Gap Inc., down $4.80 to $28.15.

  • *Russia says oil output cuts likely to be eased at June meeting. NEW YORK, May 25- Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014.. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel.

  • NEW YORK— Revelations that an Amazon Echo smart speaker inadvertently sent a family's private conversation to an acquaintance highlights some unexpected risks of new voice-enabled technologies. According to Amazon, the Echo's Alexa voice assistant misheard a word as "Alexa"— a trigger to activate the device— and interpreted subsequent conversation as a "...

  • WASHINGTON, May 25- Fiat Chrysler Automobiles NV is recalling more than 5.3 million vehicles in North America over a defect that could prevent drivers from deactivating cruise control, the company said on Friday, warning owners not to use the function until they get software upgrades. The National Highway Traffic Safety Administration said on Friday it "...

  • A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. Under the agreement, ZTE would oust its management team, hire American compliance officers and pay a fine. The fine would come on top of the roughly $1 billion ZTE has already paid for selling equipment to North Korea and Iran in...

  • NEW YORK/ LONDON, May 25- ICE raw sugar edged higher in mixed trade on Friday, ending the week up nearly 7 percent as investors continued to cover a bearish stance amid persistent concerns over a trucker strike in Brazil. New York and London softs markets will shut for public holidays on Monday and reopen on Tuesday. * "The main focus continues to be on Brazil," said...

  • NEW YORK/ LONDON, May 25- Gold prices dropped slightly on Friday, but still remained above $1,300 per ounce as investors digested news of U.S. President Donald Trump saying a meeting with North Korea's leader could still go ahead. "Gold has managed to hold onto a significant chunk of its gains made yesterday despite the U.S. trading conciliatory messages with North...

  • NEW YORK— The publication of allegations of sexual misconduct against Hollywood mogul Harvey Weinstein sparked a national reckoning. On Friday, Weinstein was arrested on rape charges in New York. —Celebrity chef Mario Batali— The New York Police Department is investigating Batali after a woman told "60 Minutes" that he drugged and sexually assaulted her in 2005.

  • *Russia says oil output cuts likely to be eased at June meeting. *OPEC, non- OPEC producers to meet in June. NEW YORK, May 25- Oil prices fell about $3 per barrel on Friday as Saudi Arabia and Russia discussed easing supply curbs that have helped push crude prices to their highest since 2014..

  • LAS VEGAS— Mario Batali's three Las Vegas Strip restaurants will shut down July 27, officials said Friday, as the celebrity chef faces sexual misconduct allegations from multiple women. Batali& Bastianich Hospitality Group partner Joe Bastianich sent a letter to nearly 300 workers about the closures of Carnevino Italian Steakhouse, B&B Ristorante and Otto...

  • ALBANY, N.Y.— The New York Lottery has hit a new record for sales. State lottery officials say Friday that total sales of lottery tickets and video lottery games came in at just under $10 billion for the fiscal year that ended March 31. After prize money and operating expenses were deducted, nearly $3.4 billion went to education programs, a $105 million increase over...

  • ZTE WOULD PAY SUBSTANTIAL FINE UNDER AGREEMENT, HIRE U.S.

  • *Cuts in corporate finance in Australia- source. FRANKFURT/ SYDNEY, May 25- The impact of Deutsche Bank's pledge this week to cut at least 7,000 jobs is already being felt from London to Sydney. In Australia, Deutsche this week laid off a handful of corporate finance specialists, including head of metals and mining Richard Gannon and head of infrastructure and...

  • *Oil prices fall as OPEC and Russia consider output boost. *Italy, Spain fears boost demand for U.S. bonds. NEW YORK, May 25- The prospect of higher oil output slammed crude prices on Friday, lifting the U.S. dollar and weighing on energy shares, while political upheaval in Europe and uncertainty over a U.S.- North Korea summit restrained equity markets and boosted...