Top News & Analysis United States

  • BOSTON, Oct 15- Fidelity Investments on Tuesday said it was reviewing its relationship with money manager Ken Fisher while Philadelphia's board of pensions terminated its business with his firm after he allegedly made disparaging remarks about women last week. Known to investors through frequent television ads for his investment advice, Fisher had...

  • LOS ANGELES, Oct 15- With two weeks to go until their next policy meeting, U.S. central bankers appear unconvinced a partial U.S.- China trade deal is enough to dispel the policy uncertainty that has weighed on economic growth for months. "Right now, I see the economy in a good place, and policy accommodation in a good place," San Francisco Fed President Mary Daly told...

  • Blackstone Real Estate Income Trust will acquire the Bellagio for $4.25 billion through a 95-5 joint venture with MGM and will lease it back to a unit of the casino company for an initial annual rent of $245 million. MGM said it would sell Circus Circus Las Vegas to an affiliate of Treasure Island owner Phil Ruffin for $825 million. MGM's other assets include MGM...

  • CHICAGO, Oct 15- U.S. corn and soybean futures closed lower on Tuesday on technical selling and seasonal pressure from the expanding U.S. harvest, along with uncertainty about the terms of a U.S.- China trade pact announced last month, analysts said. Chicago Board of Trade December corn settled down 4-1/ 2 cents at $3.93-1/ 4 per bushel and November soybeans ended...

  • Net revenue at Goldman's investing and lending division slumped 40% as it swallowed a loss of about $80 million on its stake in WeWork owner The We Company, along with hits from other investments. Office-sharing startup WeWork's valuation plummeted from a peak of $47 billion in January to as low as $10- 12 billion, Reuters reported last month, forcing it to pull...

  • MILAN, Oct 16- Italian loss-making airline Alitalia won a commitment from toll-road operator Atlantia and state railways Ferrovie dello Stato on Tuesday to come to its rescue provided a number of conditions were met. Two sources close to the matter said the Industry Ministry was expected to extend the deadline to give the sides time to iron out certain issues.

  • *China had record 1.55 mln patent applications in 2018- WIPO. GENEVA, Oct 16- China accounted for nearly half of global patent filings last year, with a record 1.54 million applications, led by telecoms and computer technology, the U.N.' s World Intellectual Property Organization said on Wednesday. "China has been a major driving force and the volume of applications...

  • Constitution with his Washington hotel. The Richmond, Virginia- based 4th U.S. Circuit Court of Appeals said in an order that it would rehear arguments in the case, which was brought by the Democratic attorneys general of Maryland and the District of Columbia. Trump opened the Trump International Hotel, just blocks from the White House, shortly before he was...

  • LOS ANGELES, Oct 15- San Francisco Fed President Mary Daly on Tuesday said she was watching data closely to see whether the economy maintains its momentum in the face of headwinds including slowing global growth and geopolitical and trade policy uncertainty. "Right now, I see the economy in a good place, and policy accommodation in a good place," Daly told reporters...

  • Oct 15- Nevada gaming regulators are seeking a ban on former Wynn Resorts Ltd chief Steve Wynn from the state's casino industry, citing allegations of sexual misconduct that emerged a year ago, a regulatory filling showed. The Nevada Gaming Control Board lodged a complaint on Monday with the state's Gaming Commission, saying Wynn was "unsuitable to be...

  • Blackstone Real Estate Income Trust will acquire the Bellagio from MGM for $4.25 billion in a sale-leaseback transaction through a 95-5 joint venture with MGM, the companies said in a statement. MGM also said it would sell Circus Circus Las Vegas to an affiliate of Treasure Island owner Phil Ruffin for $825 million. In January, MGM announced plans to cut costs...

  • Oct 15- Three drug distributors are in talks with state and local governments to settle opioid litigation for $18 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. The three companies, which together control about 85% of the U.S. prescription drug market, are among the six that are slated to be defendants in a...

  • Speaking with reporters on Tuesday ahead of the White House visit, the official said Trump would likely express the desire that the tax disagreement be resolved at the Organisation for Economic Cooperation, but noted that the United States was prepared to counter any such levy. In August, France and the United States reached a deal to end a standoff over a French...

  • ANKARA, Oct 15- Turkey's alternatives for the U.S. Ankara and Washington have clashed over Turkey's purchase of Russian S-400 missile defenses, which the United States says are not compatible with NATO defenses and pose a threat to Lockheed Martin Corp's F-35 stealth jets. Washington removed Turkey from the joint F-35 program after it took delivery of the...

  • TORONTO, Oct 15- The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with investors encouraged by signs of progress between Britain and the European Union to reach an amicable divorce deal. President Donald Trump said China and the United States had reached the first phase of a trade deal, which was also supportive of stocks.

  • The fourth-largest U.S. bank by assets set aside $1.6 billion for legal expenses related to previously disclosed sales practices. The largest lingering legal issues include investigations by the Securities and Exchange Commision and the Department of Justice, according to filings. "We'll all be happier when it moves through and is behind us," Chief Financial...

  • China, the world's top agriculture market, has also bought 320,000 tonnes of cotton, 230,000 tonnes of wheat and 20 million tonnes of soybeans from the United States, spokesman Geng Shuang said at a daily press briefing. Trump said on Friday that China had agreed to purchase $40 billion to $50 billion worth of U.S. agricultural goods in a first phase of an agreement...

  • PARIS/ ZURICH, Oct 15- U.S. engine maker Pratt& Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva- bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. It came just hours after France's BEA agency launched an unusual appeal for 150 volunteers to scour an...

  • FISHER INVESTMENTS MANAGES ABOUT $175 MLN FOR FLORIDA STATE BOARD OF ADMINISTRATION.

  • *Valuation on private market has sunk below $10 billion. NEW YORK, Oct 15- Trading in shares of WeWork in the private over-the-counter market has almost ground to a halt, underscoring a loss of investor confidence in the office-sharing company and providing further evidence of its recent huge loss in value. New York- based WeWork two weeks ago abandoned plans for...