News Archive - 30 July 2015

>Bellisio Foods Inc, a U.S. maker and distributor of frozen meals sold under the Boston Market and Chili's brands, is exploring a sale it hopes could value it as much as $800 million, including debt, according to people familiar with the matter. Bellisio's private equity owner, Centre Partners Management...

>Delphi said it expects HellermannTyton, which makes products for fastening, fixing, and protecting cables, to help it take advantage of increasing demand for vehicles that connect to the web and smart devices such as phones and tablets."With consumers now demanding more connectivity in their vehicles, electrical architecture is the...

>Carter in a two-page memorandum instructed military leaders to develop plans to increase security within existing Defense Department policy guidelines, which, he noted, included "the option of additional armed personnel."He also asked them to identify gaps in warning notification systems. "The tragic shooting on July 16 in Chattanooga, Tennessee,...

>The company is negotiating to inject $250 million into BuzzFeed, according to the Re/code tech news website, which first reported that NBCUniversal was poised to invest in the digital media companies. That would value BuzzFeed at about $1.5 billion, Re/code said.The discussions are more advanced with BuzzFeed than...

>SILVER SPRING, Md. Hillary Clinton on Thursday asked the country's largest labor union federation, the AFL-CIO, "to be my partner" as she seeks the Democratic nomination for the 2016 U.S. presidential election.After meeting with union leaders, Clinton said she wants the Obama administration's proposed Pacific trade deal to...

>Republicans in Congress have threatened to pull $500 million in federal funding a year from Planned Parenthood after a group that opposes abortions released videos that suggest the organization profits from supplying aborted fetal tissue for medical research.Planned Parenthood said it broke no laws, because abortion providers are allowed...

>As of January 2015, The Federal Bureau of Investigation had only hired 52 of the 134 computer scientists it was authorized to employ under the Justice Department's Next Generation Cyber Initiative launched in 2012, the report showed.Although cyber task forces have been set up at all 56 FBI field...

>MENLO PARK, Calif. Facebook Inc (FB.O) announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world.The company said it will test it in the United States...

>BRUSSELS Google Inc is refusing to bow to an order from the French privacy watchdog to scrub search results worldwide when users invoke their "right to be forgotten" online, it said on Thursday, exposing itself to possible fines.The French data protection authority, the CNIL, in June ordered the search...

>Chad has deployed thousands of soldiers alongside troops from neighbors Nigeria, Cameroon and Niger to tackle the militant group whose six-year insurgency has killed thousands."We killed 117 Boko Haram fighters during the two-week operation. We lost two men and several wounded," Colonel Azem Bermandoa, spokesman for the Chadian army,...

>PESHAWAR, Pakistan The Taliban have chosen late supreme leader Mullah Omar's longtime deputy to replace him, two militant commanders said on Thursday, as Pakistan announced that peace talks between the insurgents and the Afghan government had been postponed.Pakistan cited reports of Omar's death as the reason for the delay...

>SAINT-DENIS, Reunion Plane debris washed up on the French Indian Ocean island of Reunion is almost certainly part of a Boeing 777, a Malaysian official said, potentially providing some closure for families of those aboard last year's vanished flight MH370.Malaysian investigators are due in Reunion on Friday and the...

>NEW YORK Crude futures settled down on Thursday, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in U.S. stockpiles that was much steeper than expected.Position squaring ahead of the expiry of the front-month contracts in gasoline and diesel also diverted some investor...

>NEW YORK The dollar touched one-week highs and shorter-term U.S. Treasury yields rose on Thursday as accelerating U.S. gross domestic product data encouraged bets policymakers will start hiking U.S. interest rates as soon as September.Wall Street ended mostly higher but gains were muted by soft corporate...

>WASHINGTON U.S. economic growth accelerated in the second quarter as solid consumer spending offset the drag from weak business spending on equipment, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.Gross domestic product expanded at a 2.3 percent annual...

>Amgen Inc (AMGN.O) on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.Excluding special items, Amgen earned $2.57 per share, topping analysts' average expectations by 14 cents, according to...

>Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.Procter & Gamble (PG.N), Facebook (FB.O) and Whole Foods Market (WFM.O) all fell after quarterly reports that left investors wanting more.

>WASHINGTON The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.In its latest statement, released Wednesday, the Fed...