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Top News & Analysis New York

  • Nov 20- Wall Street indexes inched higher on Monday morning, as gains in technology stocks slightly offset a drop in health shares. "With earnings season now out of the way, macro news and the prospects of tax reform will basically guide the market," said Peter Cardillo, chief market economist at First Standard Financial in New York. But the Senate, from which it has...

  • NEW YORK, Nov 20- Motorists logged 0.3 percent more miles on U.S. roads and highways in September than a year earlier according to data released Monday by the U.S. Department of Transportation, as volumes were dented by powerful Hurricanes Harvey and Irma. Volumes, however, remained on track to outpace last year's record high. Motorists logged 262.5 billion...

  • *Cavium jumps after Marvell's $6 bln offer to buy company. Nov 20- Wall Street indexes were set to open slightly higher on Monday, as a handful of broker recommendations and merger of chipmakers Cavium and Marvell Technology pushed the markets higher in thin pre- Thanksgiving trading. Shares in Cavium jumped 10 percent in premarket trading after larger rival...

  • *Trading expected to be light before Thanksgiving. NEW YORK, Nov 20- U.S. "The highlight of the week should be the minutes on Wednesday," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • DETROIT— A resurgent downtown Detroit has become something of a magnet for small startup companies, corporate headquarters and even fine cuisine. "Detroit is a city that's on the move right now. The Greektown neighborhood long had been Detroit's entertainment destination, but central downtown has become home to Joe Muer Seafood and national chains like the...

  • NEW YORK— Marvell to buy Cavium, creating computer chip giant to rival to Intel.

  • TRENTON, N.J.— New Jersey will move toward a $15 minimum wage next year, Democratic Gov.-elect Phil Murphy pledged on Monday alongside fellow Democrats who control the Legislature. "This is as high on the priority list as anything we've got," said Murphy, who made a $15 minimum wage a centerpiece of his campaign, but stopped short of promising the legislation would be...

  • Maria Contreras-Sweet

    Maria Contreras-Sweet, the former head of the U.S. Small Business Administration, is offering to acquire The Weinstein Co.

  • At Macy's flagship store on 34th Street in New York, a chance to sit on Saint Nick's lap is by appointment only this year, for the first time ever. Admission is free to Santaland Herald Square and runs from the day after Thanksgiving through Christmas Eve. Macy's says the new arrangement is intended to cut down on wait times and make it easier to see the man in the red...

  • NEW YORK— Justice Department intends to sue to block AT&T's acquisition of Time Warner, a person familiar with the matter says.

  • BOSTON— The board overseeing the nation's fifth-largest transit agency has approved a $723 million overhaul of its fare collection system that will phase-out the CharlieCard and allow riders to board trains, trolleys and buses with the tap of a credit card or smartphone. The Massachusetts Bay Transportation Authority awarded a 13- year contract to San...

  • Nov 19- Maria Contreras-Sweet, the former head of the U.S. Small Business Administration, has submitted an offer to acquire the Weinstein Co, a spokeswoman for the U.S. film and TV studio said on Sunday. The bid comes after the movie studio secured a $20 million cash infusion from the sale of the childrens movie "Paddington 2" last week to Warner Brothers Pictures, a...

  • *Spot gold edged down 0.1 percent to $1,293.28 per ounce by 0057 GMT. *Slashing taxes may give the U.S. economy a temporary boost but the "sugar rush" may cause deeper problems ahead, investors at the Reuters Global Investment 2018 Outlook Summit in New York said. *The euro zone economy remains dependent on cheap credit and the European Central Bank is using the...

  • At Macy's flagship store on 34th Street in New York, a chance to sit on Saint Nick's lap is by appointment only this year, for the first time ever. Admission is free to Santaland Herald Square and runs from the day after Thanksgiving through Christmas Eve. Macy's says the new arrangement is intended to cut down on wait times and make it easier to see the man in the red...

  • A prominent neurologist, already charged with groping patients at a Philadelphia clinic, is facing a growing number of accusations that he preyed on especially vulnerable pain patients at medical facilities in three states, using his impressive reputation as a healer to trap women in long-term doctor-patient relationships marked by abuse.

  • A sign is shown over the O'Hare Honda car dealership in Des Plaines, Ill.

    Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched.

  • NEW YORK— Honda is recalling about 900,000 of its Odyssey minivans because the second-row seats may tip forward if not properly latched. Honda says it has received 46 reports of minor injuries related to the issue. Until then, Honda has put instructions for properly latching the seat on its website for owners.

  • PARIS— Tunisian-born designer Azzedine Alaia, a fashion iconoclast whose clingy styles helped define the 1980 s and who dressed famous women from Hollywood to the White House, has died. Secretive and known as a fashion rebel, Alaia was based in Paris for decades but did not take part in the French capital's seasonal fashion frenzy or flashy ad campaigns.

  • French President Emmanuel Macron, COP23 President Prime Minister Frank Bainimarama of Fiji and German Chancellor Angela Merkel pose for a photo with Timothy Naulusala from Fiji during the COP23 U.N. Climate Change Conference in Bonn, Germany, November 15, 2017.

    Almost 200 nations kept a global agreement to tackle climate change on track after talks overshadowed by U.S. President Donald Trump's decision to pull out.

  • LIMA, Nov 17- Peru's largest construction company, Graña y Montero, is hoping to win major mine contracts to replace lost business, its chairman said on Friday, as it seeks to minimize the fallout from its links with Brazil's scandal-plagued builder Odebrecht. Anglo American has said it plans to invest $5 billion in its Quellevaco mine, while Minsur expects to...