News Archive - 1 June 2015

>Playtech Plc (PTEC.L), the online gaming company founded by Israeli billionaire Teddy Sagi, has agreed to pay about 460 million pounds ($700 million) to buy Plus500 (PLUSP.L), a retail forex trading shop feeling the strain of money laundering rules.The deal will expand Playtech's online trading platform and...

>Minson, 44, will join startup WeWork as president and chief operating officer, but will remain as an adviser to Time Warner Cable until the Charter transaction closes.WeWork, started in 2010, provides creative office and meeting spaces for professionals.Minson, popularly known as "Artie", was a deputy chief financial officer...

>Teva disclosed a 1.35 percent stake in Mylan last week."We consider Teva's stakebuilding as a further indication of its intention to meddle with our business, strategy and mission while remaining unclear as to its actual intentions," Mylan said in a letter addressed to Teva's chief executive, Erez Vigodman.

>The bill by San Francisco Democrat Mark Leno would supersede a measure passed less than two years ago raising the minimum wage to $10 over the same period.“Despite our recovering economy, millions of Californians, many of them children, continue to live in poverty,” Leno said in a statement. “Full-time...

>After landing at Boston's Logan airport, Kerry headed to Massachusetts General Hospital for further treatment, spokesman John Kirby said in a statement. Kerry, 71, broke his right femur on Sunday while cycling in France. He spent the night in a Geneva hospital under observation. (Reporting by Peter Cooney; Editing by...

>RALEIGH, N.C. A measure that would allow some public officials in North Carolina to opt out of performing gay marriages moved closer to becoming law on Monday, when lawmakers voted to override Republican Governor Pat McCrory’s veto of the bill.The Republican-led state Senate reached the three-fifths majority needed to...

>The company recently began disclosing the makeup of its workforce after admitting that it was "wrong, and that it's time to be candid about the issues."The technology industry has long been plagued not just by allegations of a gender gap but also by a broad lack of inclusiveness that...

>SAN FRANCISCO Former Kleiner, Perkins, Caufield and Byers partner Ellen Pao will appeal the result of a gender discrimination she brought against the powerful Silicon Valley venture capital firm, according to a court document filed on Monday. A San Francisco jury cleared Kleiner Perkins in March of claims it short-circuited...

>Intel Corp (INTC.O) agreed to buy Altera Corp (ALTR.O) for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers.By combining with Altera, Intel will be able...

>SANAA Efforts to coax Yemen's warring factions into talks have made some progress, officials said on Monday, as warplanes from a Saudi-led coalition mounted more air strikes on the country's dominant Houthi militia.An Arab alliance has been bombing the Houthis since March 26 in a bid to restore exiled...

>MEXICO CITY Under pressure to detail his personal wealth, Mexico's president has made changes to his declaration of assets following a Reuters report that cast doubt on how he acquired one of his properties near Mexico City.President Enrique Pena Nieto released the annual update to his declaration of assets...

>YANGON More than 700 migrants found packed aboard an overcrowded boat in the Andaman Sea were still being held offshore by Myanmar's navy on Monday, more than three days after the converted fishing vessel was intercepted off the country's coast."The government is checking their identity, asking what they want...

>U.S. stocks ended with modest gains on Monday, recovering part of last week's losses in a session marked by cautious trading as investors reacted to mixed economic data.A report from ISM showed the pace of manufacturing growth rose in May. Other data showed construction spending surged in April...

>Amari, speaking to reporters, said the Bank of Japan was managing its monetary policy to achieve its inflation target in a stable manner and that it was too early to talk about its exit strategy. Amari also said capital expenditure is picking up, but there are still some concerns about...

>SYDNEY/TOKYO The dollar hovered at fresh 12-1/2 year highs against the yen on Tuesday, having extended a bullish run after upbeat U.S. data helped it crack tough resistance. Dollar bulls latched onto a survey showing a pick up in U.S. manufacturing activity and construction spending that pushed Treasury...

>SINGAPORE Crude oil dipped on Tuesday on expectations of rising OPEC output and a potential increase in U.S. shale production, but analysts said that strong refinery demand was preventing further price falls."Investors remained cautious heading into the OPEC ... meeting this Friday, with Brent coming under the most selling...

>WASHINGTON U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.But after a slump in economic growth in the first quarter, there are signs...

>TOKYO The dollar tested a 12-1/2-year peak against the yen on Tuesday after a spate of mostly upbeat U.S. data reinforced expectations that the Federal Reserve would raise interest rates this year, while Asian shares were little changed. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down...