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Top News & Analysis North America

  • PONCE, Puerto Rico, Sept 18- The fourth major Atlantic hurricane of the year plowed into the small Caribbean island of Dominica on Monday as a rare, Category 5 storm and will likely bring its roof-ripping winds, torrential rain and pounding surf later in the week to the U.S. Virgin Islands and Puerto Rico. Less than 90 minutes later, the center of the storm, described by...

  • WASHINGTON/ NEW YORK, Sept 18- New York Governor Andrew Cuomo said on Monday that he wants credit-reporting firms to comply with the state's cyber-security regulations, while Equifax Inc said it suffered a second cyber incident two months before the one disclosed in early September. Also on Monday, Bloomberg News reported that federal authorities have opened...

  • SINGAPORE, Sept 19- Chicago corn and wheat futures lost more ground on Tuesday, falling for a second consecutive session in the face of abundant global supplies. *The Chicago Board of Trade most-active corn contract had slid 0.1 percent to $3.51 a bushel by 0109 GMT, while wheat gave up 0.3 percent to $4.42 a bushel. The USDA last week forecast a U.S. corn yield of 169.9...

  • PONCE, Puerto Rico, Sept 18- The fourth major Atlantic hurricane of the year, Maria, strengthened into a rare Category 5 storm, as it churned through the eastern Caribbean, bearing down on the tiny island nation of Dominica while on a likely collision course with the U.S. Virgin Islands and Puerto Rico. The center of the storm, described by the NHC as "potentially...

  • **BASEL, Switzerland Donald Kohn, external member financial policy committee, Bank of England gives speech at the Supervisory policy implementation in the current macro-financial environment conference, Basel 1145 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about monetary policy- 1200 GMT WASHINGTON-...

  • **BASEL, Switzerland Donald Kohn, external member financial policy committee, Bank of England gives speech at the Supervisory policy implementation in the current macro-financial environment conference, Basel 1145 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about monetary policy- 1200 GMT WASHINGTON-...

  • NEW YORK, Sept 18- President Donald Trump's top economic adviser said at a United Nations meeting on Monday that the United States stood by its plans to abandon the Paris climate pact unless there is a renegotiation more favorable to Washington, a step for which the international community has little appetite. "We made the president's position unambiguous, to...

  • SAN FRANCISCO— The Valero Energy petroleum company says it is giving up plans to acquire the last independently owned petroleum terminal in the San Francisco Bay Area. California Attorney General Xavier Becerra had sued to block the transaction. Becerra says Valero's purchase of the Plains All American Pipeline facility would have put all three Northern...

  • Sept 18- Shares of Mattel Inc and Hasbro Inc, the two largest U.S. toy makers, fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season. Reorg Research, which provides news and analysis on the distressed debt market, said on its website that a bankruptcy filing could be made in...

  • *More firms cautious about China outlook than U.S outlook. TOKYO, Sept 19- A vast majority of Japanese firms are upbeat about the outlook for the U.S. economy, a Reuters poll found, a reassuring sign after some market concern earlier this year that the pace of U.S. growth could be slowing. Most also had a generally positive outlook for China's economy even if the number...

  • BRIDGETOWN, Barbados, Sept 18- The fourth major Atlantic hurricane of the year, Maria, gathered strength on Monday as it churned through the eastern Caribbean, bearing down on the tiny island nation of Dominica while on a likely collision course with the U.S. territory of Puerto Rico. The center of the storm located about 45 miles east-southeast of Dominica as of 5...

  • WASHINGTON, Sept 18- U.S. companies that shifted their tax domiciles abroad, if only on paper, between 1994 and 2014 saved millions of dollars in taxes worldwide in the year immediately after doing such "inversion" deals, a U.S. study said on Monday. The Congressional Budget Office, a nonpartisan fiscal analysis arm of the U.S. Congress, said profitable companies in...

  • NEW YORK— State and federal authorities are proposing tougher regulations against Equifax and the entire credit monitoring industry after the company announced that personal information like Social Security numbers of about 143 million Americans was exposed. This is on top of the lawsuits already filed against Equifax by state attorneys general, and a...

  • WASHINGTON/ NEW YORK, Sept 18- New York's governor announced plans on Monday to require all credit reporting agencies to register with the state, while federal authorities reportedly opened a criminal probe into Equifax Inc executives' stock sales before the company disclosed a massive data breach. The U.S. Justice Department is looking into whether Equifax...

  • MUMBAI/ DETROIT, Sept 18- Ford Motor Co and Indian vehicle maker Mahindra and Mahindra Ltd said on Monday they will launch a new strategic alliance, seeking technology sharing and cost saving in a range of activities from purchasing to development of electric vehicles. Investors are watching as Ford Chief Executive Jim Hackett, who took over in May, has begun to...

  • NEW YORK, Sept 18- A Peruvian man was sentenced to 12 years in prison on Monday after he pleaded guilty to U.S. charges of defrauding investors out of more than $1.2 million, using a video pitch that featured the Trump Building in downtown Manhattan, where he had an office. Pedro Jaramillo, 49, was sentenced by U.S. District Judge Laura Taylor Swain in Manhattan,...

  • *China holdings rise for 6th consecutive month. NEW YORK, Sept 18- China ramped up purchases of U.S. "China has basically gone the other way," said Subadra Rajappa, head of U.S. interest rates strategy at Societe Generale in New York.

  • CHICAGO, Sept 18- U.S. soybean futures closed lower on Monday as a bout of technical selling erased early strength tied to export demand and uncertainty about Midwest yield prospects, analysts said. CBOT November soybeans settled down 1 cent at $9.67-3/ 4 per bushel. December corn ended down 3-1/ 4 cents at $3.51-1/ 2 a bushel and December wheat fell 5-1/ 2 cents to...

  • *China holdings rise for 6th consecutive month. NEW YORK, Sept 18- China ramped up purchases of U.S. "China has basically gone the other way," said Subadra Rajappa, head of U.S. interest rates strategy at Societe Generale in New York.

  • NEW YORK, Sept 18- JPMorgan Chase& Co has hired Marbue Brown, an Amazon.com Inc quality control veteran, to oversee customer experiences with Chase branches, digital sites, mobile apps and call centers, the bank said on Monday. Brown joins from Amazon, where he was head of' Customer Experience Andon Cord', a program based on a Toyota method of empowering workers to stop...