News Archive - 10 July 2015

>United Technologies last month announced it was exiting the helicopter area and would either sell Sikorsky or spin it off, following a review of strategic alternatives.Reuters reported on Wednesday that Lockheed and Textron Inc (TXT.N) had emerged as final contenders to buy Sikorsky, with a decision possible by...

>A spokesman for the NPS declined to comment to Reuters.NPS holds an 11.2 voting stake in Samsung C&T, a construction firm, and its vote could be decisive in what is expected to be a close vote at a July 17 shareholder meeting. The merger, seen as key to...

>NEW YORK/WASHINGTON U.S. insurance regulators and state attorneys general are lining up to scrutinize Aetna Inc's proposed $33 billion takeover of rival Humana Inc for potential harm to consumers, complicating what is already expected to be a tough and lengthy review by federal antitrust authorities.Insurance commissioners in 18...

>COLUMBIA, S.C. South Carolina on Friday removed the Confederate battle flag from the state capitol grounds in a joyous but solemn ceremony that relegated a divisive symbol of the South’s pro-slavery legacy to a museum.The Civil War flag, which had flown at the State House for 54 years,...

>Republican presidential hopeful Ted Cruz says his book "A Time for Truth" is a legitimate bestseller and on Friday challenged the New York Times to prove its contention that the tome's high sales were due to bulk buying.In a statement on his campaign website, the Texas senator said the...

>"Scott is in. Are you? Join our team today," Walker said in a tweet accompanied by an image of him waving with the headline: "Scott Walker is running for president. Join the team."The tweet was later deleted. It was unclear why Walker's tweet was inadvertently sent. A Twitter representative...

>SAN FRANCISCO Ellen Pao resigned as acting chief executive of Reddit Friday in the latest sign of turmoil at the site, recently roiled by the firing of a popular employee and ongoing tensions over the limits of free speech on its social-news platform.Reddit co-founder Steve Huffman, also a co-founder...

>WASHINGTON The federal government could find more cyber intrusions as it takes a close look at its sprawling and sometimes creaky systems in the wake of massive hacks, the nation's chief information officer told Reuters."I think it's a realistic chance, and I think this is true no matter where...

>WASHINGTON/SAN FRANCISCO U.S. government antitrust regulators are looking into claims about whether Apple's treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources.Apple recently launched a new music streaming service, Apple Music. It also provides the App Store platform for competing streaming...

>The cause of the blast was not immediately clear. The force of the explosion shook a building in downtown Cairo. Islamist militants seeking to topple the government have claimed responsibility for roadside bombs and suicide bombing attacks. (Reporting by Cairo bureau; Writing by Michael Georgy)...

>PARIS/VIENNA Western planemakers look set to reap billions of dollars in deals with Iran, if a deal is done on its nuclear program to allow one of the world's most promising aviation markets to come out of quarantine.Iran and six world powers were struggling on Friday to remove the...

>VIENNA Iran and major powers gave themselves until Monday to reach a nuclear agreement, their third extension in two weeks, as Tehran accused the West of throwing up new stumbling blocks to a deal.Both sides say there has been progress in two weeks of talks, but British Secretary Philip...

>One of the Federal Reserve's most dovish officials said on Friday that September may turn out to be the right time to raise interest rates if the U.S. economy continues to improve, and he set a relatively high hurdle for delaying the move until next year.Boston Fed President...

>NEW YORK Pimco more than doubled its holdings of U.S. government-related debt in its flagship Pimco Total Return Fund (PTTRX.O) in June from the prior month, the firm reported on its website on Friday, as it looks for the Federal Reserve to hike interest rates slowly.Pacific Investment...

>NEW YORK Crude futures settled little changed on Friday after data showed the U.S. oil rig count barely rose this week, allaying fears of an acceleration in drilling that could bring on a surfeit of new supply to the market.Oil had been volatile most of the session. The...

>CLEVELAND Federal Reserve chair Janet Yellen on Friday said she expects the Fed to raise interest rates at some point this year, but pointed strongly to her concerns that U.S. labor markets remain weak and that more workers could be encouraged back into the job market with stronger growth.

>NEW YORK As companies in the benchmark Standard & Poor's 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place. At 16.5 times forward estimates, the S&P 500, up less than 2 percent for the year to date...

>ATHENS Greek Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majority in parliament.The measures, which received an initial nod from European Union and...