United States


Artist Jeff Koons, New York gallery are sued over late sculptures

NEW YORK, April 19 A Wall Street investor sued American artist Jeff Koons and a prominent New York City gallery on Thursday for more than $39 million over their failure to deliver three Koons sculptures, alleging a scheme to deceive customers.

GLOBAL MARKETS-Wall Street tumbles on chip stocks, commodities soften after wild ride

* Oil prices settle after 3-year peaks on report Saudis want higher prices

US CLO spreads widen as market flooded with supply after risk-retention rollback

NEW YORK, April 19 (LPC) - The flurry of new Collateralized Loan Obligation (CLO) issuance that followed a court decision to exempt such funds from risk-retention rules has started squeezing investor returns as spreads widen.

TREASURIES-Bump in long-dated yields ends two weeks of curve flattening

(Adds Treasury debt sales, new quote; updates yields, table) By Kate Duguid NEW YORK, April 19 Yields on longer-dated maturities climbed modestly higher on Thursday after two weeks of rising less than shorter-dated bonds, retracing some of the yield curve's flattening. The previous nine continuous trading days of flattening follow a trend that began in mid-February. That trade was "well into oversold territory," suggesting the move is technical and that there is still ro

Markets 3:19pm EDT

UPDATE 1-Puerto Rico governor will not impose pension cuts sought by board

NEW YORK, April 19 Puerto Rico Governor Ricardo Rossello said on Thursday that he would not implement pension cuts and changes to employment rules sought by the bankrupt U.S. territory's oversight board.

Bankruptcy, Markets 3:07pm EDT

FOREX-Dollar rises with higher U.S. yields, sterling slumps

* Pound falls to near two-week low after BOE Carney's remarks * U.S. 2-year yield climbs to highest level since Sept 2008 * Euro stalls as traders worry about euro zone growth (Updates market action, adds quote) By Richard Leong NEW YORK, April 19 The dollar gained against a basket of currencies on Thursday on higher U.S. bond yields and expectations of more rate increases from the Federal Reserve, while sterling fell to a near two-week low on perceived dovis

UPDATE 1-Time running out for euro zone reforms -officials

WASHINGTON, April 19 Time is running out for reforming the euro zone while the urgency of doing so for policymakers has been reduced due to a robust economic rebound in the single currency bloc, top European economic officials warned on Thursday.

Financials, Markets 2:57pm EDT

Puerto Rico governor will not impose pension cuts sought by board

April 19 Puerto Rico Governor Ricardo Rossello on Thursday said he would not implement pension cuts and labor reforms sought by the bankrupt U.S. territory's oversight board.

Markets, Bankruptcy 2:51pm EDT

BRIEF-Gemini Announces Repayment Demand And Appointment Of Receiver


Stock Quote, Markets 2:48pm EDT

UPDATE 5-Shire rejects $63 bln Takeda bid as Allergan drops pursuit

* Shire takeover fights follows surge in drug sector M&A (Adds new Allergan statement)


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