×

Top News & Analysis New York

  • NEW YORK— An empty New Jersey Transit train derailed early Wednesday in Manhattan's Penn Station, causing some delays at the beginning of the morning rush hour. The Long Island Rail Road and city subways were not affected, according to New York's Metropolitan Transportation Authority. More than a half million people pass through Penn Station daily on New York...

  • SAN FRANCISCO, Aug 23- What is the true cost of an Uber ride? But it may be the most important question of all when it comes to determining the value of Uber Technologies Inc, which has built its business on massive subsidies to both riders and drivers, producing huge losses in the process, and it has yet to show that it can maintain growth without them.

  • The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Argentina accounts for two-thirds of U.S. biodiesel imports, which totaled 916 million gallons in 2016, according to U.S. government data. "The compensatory duties imposed result in an immediate stoppage of...

  • Aug 23- Millennials priced out of London's traditional housing market are opting to rent tiny apartments in so-called "co-living" developments, a fast-growing area that private investors and venture capital are eager to tap into. Its Old Oak co-living apartment building in west London is the world's largest, with 546 people living across 10 floors, according...

  • The Dow Jones industrial average fell 66 points, or 0.3 percent, to 21,833, and the Nasdaq composite lost 14, or 0.2 percent, to 6,283. The Russell 2000 index of small-cap stocks fell less than a point, or 0.1 percent, to 1,371.. HAMMERED: Lowe's had one of the biggest losses in the S&P 500 after it said profit and revenue were weaker last quarter than analysts expected.

  • NEW YORK— Whole Foods shareholders and federal regulators approved Amazon's $13.7 billion acquisition of the organic grocer, a deal that could bring big changes to the supermarket industry and how people order groceries online. By buying Whole Foods, Amazon is taking a bold step into brick-and-mortar, with more than 460 stores and potentially very lucrative...

  • NEW YORK— Walmart is diving into voice-activated shopping. And it underscores Walmart's drive to compete in an area dominated by Amazon's Alexa-powered Echo device. "Voice shopping is becoming a more important part of everyday shopping behavior," said Marc Lore, CEO of Walmart's U.S. e-commerce business.

  • New York hedge fund manager Och-Ziff Capital Management assumed ownership of 14 properties held by CNL Lifestyle Properties last year including the lease at Mount Sunapee Resort in New Hampshire. Among the other properties were Sunday River and Sugarloaf in Maine, Crested Butte in Colorado, Brighton in Utah and Sierra-at-Tahoe in California.

  • WEDNESDAY, AUGUST 23 LINDAU, Germany- Keynote speech by ECB President Mario Draghi at the opening ceremony of 6th Lindau Meeting on Economic Sciences in Lindau, Germany 0700 GMT. STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by...

  • WEDNESDAY, AUGUST 23 LINDAU, Germany- Keynote speech by ECB President Mario Draghi at the opening ceremony of 6th Lindau Meeting on Economic Sciences in Lindau, Germany 0700 GMT. STOCKHOLM- Riksbank First Deputy Governor Kerstin af Jochnick will participate in a seminar on current issues in the Swedish economy- 1100 GMT. JACKSON HOLE, Wyoming- Luncheon address by...

  • NEW YORK, Aug 22- A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. Nearly a dozen sources in New York, Calgary, Houston and Singapore, including current and former...

  • The countervailing duties on soy-based Argentina biodiesel could be as much as 64.17 percent, according to a statement from the U.S. Commerce Department. Argentina accounts for two-thirds of U.S. biodiesel imports, which totaled 916 million gallons in 2016, according to U.S. government data. The compensatory duties imposed result in an immediate stoppage of...

  • NEW YORK— Federal regulators searching for money laundering schemes are digging deeper into who is behind luxury real estate purchases in certain parts of the U.S. The Financial Crimes Enforcement Network said Tuesday it's adding wire transfers to the list of all-cash buys it monitors during certain types of high-end deals. The monitoring will be done on...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • NEW YORK, Aug 22- A federal indictment against Wilmington Trust Corp and four former executives for allegedly hiding soured loans may need to be dismissed if it was obtained through false grand jury testimony, lawyers for the defendants said on Tuesday. "The defendants' motion is without merit and the government will be filing a response in due course," David Weiss,...

  • BRASILIA/ RIO DE JANEIRO, Aug 22- Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help...

  • WASHINGTON/ CHICAGO, Aug 22- Argentine biodiesel exporters said shipments could be halted after Washington decided on Tuesday to impose duties on imports it said were unfairly subsidized. The U.S. Commerce Department will impose countervailing duties on Argentine and Indonesian biodiesel ranging from 50.29 percent to 64.17 percent for biodiesel from...

  • *Libya's Sharara field reopens after repeated disruptions-sources. NEW YORK, Aug 22- Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. Prices, however, pared gains in post settlement trade and Brent crude turned negative as the...

  • NEW YORK— Day laborers in a Long Island town have a First Amendment right to solicit passing truck drivers for jobs, a divided federal appeals court said Tuesday. The 2nd U.S. Circuit Court of Appeals in Manhattan by a 2- to-1 vote on Tuesday struck down the 2009 law that banned the solicitation in Oyster Bay, saying it was content-driven and aimed at stopping...

  • Coty Inc., down $1.84 to $17.71. Macy's Inc., up 89 cents to $20.42. Medtronic PLC, down $1.76 to $81.76.