News Archive - 27 May 2015

>Orange said it expected to merge its Spanish business with Jazztel if the takeover went ahead and it would likely take Jazztel private if it got big demand for its offer. (Reporting by Andres Gonzalez, writing by Sonya Dowsett; editing by Julien Toyer and Jason Neely)...

>TOKYO Airbus Group (AIR.PA) may block an attempt by Japanese carrier ANA Holdings (9202.T) to become a key shareholder in Skymark Airlines (SKALF.PK), people familiar with the matter said, becoming the second major creditor in the failed discount airline to threaten ANA's participation in a revival bid.

>VIENNA/FRANKFURT It took years and a small fortune for U.S. investor Cerberus Capital Management [CBS.UL] to polish Austrian lender BAWAG PSK [CCMLPB.UL] into a retail gem. The question now is whether it wants to try to repeat the trick with Deutsche Postbank (DPBGn.DE).The German retail...

>PHOENIX Three-term Arizona Democratic Congresswoman Ann Kirkpatrick said on Tuesday she will seek to oust powerful Republican John McCain from his U.S. Senate seat in 2016.Kirkpatrick, who narrowly won re-election to the U.S. House of Representatives in 2014, launched her Senate campaign by stressing her deep Arizona...

>But Ryan James, a lawyer for the plaintiff who sued for release of the emails under the U.S. Freedom of Information Act, said the State Department should release new batches of them every two weeks.A federal judge ordered the State Department to produce a plan by this week...

>From February to May, attackers sought to gain access to personal tax information 200,000 times through the agency's "Get Transcript" online application, which calls up information from previous returns, he told a news conference. About half of those attempts were successful.The breach did not affect any IRS data outside...

>Hiroki Totoki, who has vowed to turn the unit profitable in the year ending March 2016, told investors about his plans to counter foreign exchange fluctuations at a briefing in Tokyo on Wednesday. Close to eight-year highs versus the yen, the dollar's surge causes problems for Sony's mobile business because...

>SHANGHAI Despite being blocked in China, Twitter (TWTR.N) is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world.This week, the popular microblog platform has made presentations to prospective Chinese clients in Shanghai on the sidelines of...

>The total average cost of a data breach is now $3.8 million, up from $3.5 million a year ago, according to a study by data security research organization Ponemon Institute, paid for by International Business Machines Corp.The direct costs include hiring experts to fix the breach, investigating...

>"The naval base was bombed by aircraft and ships. Large parts of it were destroyed and two warships were hit, and one of them, named Bilqis, was destroyed and sank onto its side, and five gunboats shelled the administrative buildings of the base," the official told Reuters by telephone from...

>The talks in Seoul follows a test of what the North said was a submarine-launched ballistic missile earlier this month, which if true, could mean progress in the reclusive state's military capabilities."We held specific discussions on ways to deter North Korea's provocations and increase the effectiveness of sanctions," South...

>The United States described the codename as "unhelpful" while France, which will host a meeting of nations fighting Islamic State next week, accused the Shi'ite-led government of failing to represent fully the interests of all Iraqis.The Iraqi government is scrambling to reverse the fall of Ramadi, its biggest military...

>BERLIN Greece must remain a member of the euro zone but it must stop wasting time and do all it can to avoid defaulting on its debts to the IMF, the head of the panel of economic experts that advises the German government said."Greece should stay in the euro...

>SEOUL Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy. Bernanke, who participated...

>LONDON Crude futures rose about 1 percent on Wednesday to recover some ground after steep drops in the previous session, boosted by a weaker dollar and expectations that U.S. crude stocks fell for a fourth straight week.July Brent crude LCOc1 gained 64 cents to $64.36 a barrel...

>"I didn't follow up on the exchanges we had on Time Warner Cable that were evoked in the media because we were not ready," Drahi told a French parliamentary hearing on Wednesday.Drahi said that the previously announced acquisition of U.S. regional cable company Suddenlink Communications was a "modest"...

>Citigroup kept its top spot as the leading foreign exchange trading bank with a market share of 16.1 percent, up from 16 percent a year ago, according to the Euromoney FX Survey 2015.Deutsche Bank (DBKGn.DE) and Barclays (BARC.L) remained in second and third spots, but their...

>LONDON A string of reversals from sharp moves the previous day marked global financial market trading on Wednesday, with stocks and oil gaining ground and the U.S. dollar falling after its biggest rally in two years.In early European trading, the dollar was down around a third of one...