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Top News & Analysis New York

  • SAN JUAN, Puerto Rico/ NEW YORK, Sept 26- Broken electricity poles and streetlights list into the middle of highways. Hurricane Maria's devastation of the U.S. territory of Puerto Rico last week left the entire island and its 3.4 million residents without power. Maria struck Puerto Rico as a very dangerous Category 4 hurricane on Wednesday, with winds up to 155...

  • Sept 26- U.S. stocks were little changed in early afternoon trading on Tuesday after Fed Chair Janet Yellen backed the central bank's plan to raise interest rates gradually, boosting the prospects of a December rate hike. Chances of a rate hike in December rose to 76 percent from just about 38 percent a month ago, according to CME Group's FedWatch tool.

  • NEW YORK— Hurricane Maria has devastated Puerto Rico, destroying buildings leaving its more than 3.4 million residents largely without power. Food and drinking water are also difficult to come by, and the recovery will be long, difficult and expensive. Stacy Palmer, editor of The Chronicle of Philanthropy, also suggests looking at a charity's website for...

  • NEW YORK— Tired of living a life in which you are not making bank on royalties from the 43rd Grammy Awards Best Rap Solo Performance, "The Real Slim Shady?" Royalty Flow Inc., through its parent Royalty Exchange, is offering stakes in Eminem's recordings from 1999 to 2013 through an initial public offering of stock. In a filing with the U.S. Securities and Exchange...

  • *Turkey threatens to cut supply from Iraq's Kurdish region. NEW YORK, Sept 26- Brent oil prices fell 1 percent on Tuesday after investors took profit following a rally to 26- month highs spurred largely by threats from Turkey to cut crude exports from Iraqs Kurdistan region. Brent fell 61 cents to $58.35 a barrel by 12:05 p.m., after hitting $59.49, the highest...

  • Sept 26- U.S. stocks gave up early gains on Tuesday as rising tensions between the United states and North Korea weighed, while investors awaited Fed Chair Janet Yellen's speech for more clarity on interest rate hikes. Joint Chiefs of Staff Chairman General Joseph Dunford said the United States should assume that North Korea has the ability to hit U.S. mainland...

  • *U.S. to sell $26 bln two-year notes at 1 p.m.. Treasury yields rose on Tuesday ahead of a speech by Federal Reserve Chair Janet Yellen and a $26 billion sale of two-year notes, which kicks off this week's $88 billion short- and medium-dated government debt supply. Yellen is scheduled to speak at 12:45 p.m. about "Inflation, Uncertainty, and Monetary Policy" at the...

  • North Korea has boosted defences on its east coast, a South Korean lawmaker said, after the North said U.S. The latest U.S.- North Korea development came as market participants were still reckoning with the German election, in which Chancellor Angela Merkel won a fourth term but her party was weakened by a surge in far-right support. "The market has really been...

  • Sept 26- U.S. stocks gave up early gains on Tuesday as rising tensions between the United states and North Korea weighed, while investors awaited Fed Chair Janet Yellen's speech for more clarity on interest rate hikes. Joint Chiefs of Staff Chairman General Joseph Dunford said the United States should assume that North Korea has the ability to hit U.S. mainland...

  • SEOUL/ BEIJING, Sept 26- North Korea has boosted defenses on its east coast, a South Korean lawmaker said on Tuesday, after Pyongyang said U.S. Tensions have escalated since reclusive North Korea conducted its sixth and most powerful nuclear test on Sept. 3. Lee said the United States appeared to have disclosed the flight route of the bombers intentionally because...

  • SEOUL/ BEIJING, Sept 26- North Korea has boosted defences on its east coast, a South Korean lawmaker said on Tuesday, after Pyongyang said U.S. Tensions have escalated since reclusive North Korea conducted its sixth and most powerful nuclear test on Sept. 3. Lee said the United States appeared to have disclosed the flight route of the bombers intentionally because...

  • SAN JUAN, Puerto Rico/ NEW YORK, Sept 26- Broken electricity poles and streetlights list into the middle of highways. Hurricane Maria's devastation of the U.S. territory of Puerto Rico last week left the entire island and its 3.4 million residents without power. Maria struck Puerto Rico as a very dangerous Category 4 hurricane on Wednesday, with winds up to 155...

  • Sept 26- Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will step down and forgo his annual bonus, a move that came weeks into a mounting crisis at the credit-monitoring firm stemming from a massive data breach. Equifax is being investigated by the U.S. Federal Trade Commission, and faces a barrage of questions from Congress and public ire...

  • *U.S. to sell $26 bln two-year notes at 1 p.m.. Treasury yields rose on Tuesday ahead of a speech by Federal Reserve Chair Janet Yellen and a $26 billion sale of two-year notes, which kicks off this week's $88 billion short- and medium-dated government debt supply. Yellen is scheduled to speak at 12:45 p.m. about "Inflation, Uncertainty, and Monetary Policy" at the...

  • NEW YORK— Kohl's longtime CEO Kevin Mansell is retiring and will be replaced by Michelle Gass, a former Starbucks executive who has been with the company since 2013.. Menomonee Falls, Wisconsin- based Kohl's has been expanding its online operations, while expanding its brand offerings. Kohl's is also expanding its partnership with Amazon.

  • Sept 26- Equifax Inc said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. consumers. The announcement comes a week before Smith was expected to testify before a Senate Banking Committee about the cyber attack.

  • NEW YORK— The latest on developments in financial markets:. Technology companies notched solid gains on Wall Street, but most other sectors finished lower in a mixed day of trading. Apple added 1.7 percent Tuesday, while software company Red Hat jumped 4.1 percent after reporting a solid quarter.

  • NEW YORK— Equifax CEO Richard Smith stepped down Tuesday, less than three weeks after the credit reporting agency disclosed a damaging hack to its computer system that exposed highly sensitive information for about 143 million Americans. Equifax said Smith was retiring, but he will not receive his annual bonus and other potential retirement-related...

  • Sept 26- A recovery in technology stocks looked set to lift the Nasdaq on Tuesday, but tensions between the United States and North Korea could weigh on the S&P and the Dow. Investors are also looking for more clarity on an interest rate hike this year from Fed Chair Janet Yellen's speech at an annual meeting of National Association for Business Economics.

  • *Signs of political backlash in France. MUNICH/ PARIS, Sept 26- Siemens and Alstom are expected to announce a deal merging their rail operations on Tuesday, a Franco-German industrial breakthrough for President Emmanuel Macron but a move already riling opposition politicians. Siemens is expected to announce the rail deal with Alstom on Tuesday rather than...