News Archive - 5 July 2016

>U.S. crude was up 13 cents $46.73 a barrel at 0017 GMT (8:17 p.m. EDT on Tuesday). The contract fell 5 percent to end at $46.60 on Tuesday as U.S. investors got to digest news of an OPEC increase in production after the July 4...

>WASHINGTON Deadly attacks in four countries linked to Islamic State show the limitations of U.S.-led efforts to loosen the group's grip in Syria and Iraq, and the challenge of stopping attacks that are not only globally dispersed but very different in their choice of targets, current and former...

>SYDNEY Sterling carved out a fresh 31-year trough early on Wednesday, having taken a turn for the worse as the first signs of markets seizing up emerged in the UK following Britain's vote to exit the European Union two weeks ago.The pound slid as far as $1.2950 GBP=D4,...

>TOKYO Asian shares wilted and the British pound dived to a three-decade low on Wednesday as the European Union's economic outlook darkened in the Brexit gloom.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 percent while Japan's Nikkei .N225 dropped almost two percent.Trading in three UK...

>NEW YORK Democratic presidential candidate Hillary Clinton widened her lead over likely Republican nominee Donald Trump to 13 percentage points in a Reuters/Ipsos opinion poll released on Tuesday.The July 1-5 poll included responses gathered mostly over the holiday weekend, before the Federal Bureau of Investigation recommended on Tuesday that...

>SAN FRANCISCO/DETROIT Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to make the accident public before a federal investigation was announced.Tesla learned about the crash...

>TOKYO The Bank of Japan was once at the center of Prime Minister Shinzo Abe's audacious reflationary drive, but with little to show for three years of massive stimulus it finds itself sidelined ahead of upper house election this weekend.Even as a strong yen keeps the central bank under...

>LONDON Britain should move quickly to keep investment flowing and preserve the City of London's dominance in financial services after last month's vote to leave the European Union, the head of London's financial district said on Wednesday.Jeffrey Mountevans, Lord Mayor of London, said Britain must protect access to the...

>Taylor is currently the chief executive of startup Quip.Taylor became the CTO of Facebook after it acquired FriendFeed, the social network he co-founded in 2007. Before that, he was a group product manager at Alphabet Inc's Google, where he co-created Google Maps and started Google's Developer product group. (Reporting...

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>Medivation is negotiating the terms of a confidentiality agreement with Sanofi that would allow the two companies to engage in deal negotiations, the people said. Medivation has already signed confidentiality agreements to discuss a potential sale with other companies as well, including Pfizer Inc (PFE.N) and Celgene Corp (CELG.

>The attacker detonated his explosives at a bakery. The British-based observatory said several other people were wounded and the death toll was likely to rise because of the number of serious injuries. (Reporting by John Davison, Writing/Editing By Richard Balmforth)...

>The U.S. Department of Homeland Security's Computer Emergency Readiness Team (US-CERT) said in an alert issued to the security industry on Tuesday that it was a "very serious event." The agency also advised customers to update their anti-virus software using two patches issued by Symantec. (bit.ly/29ug3Ek) (Reporting...

>The new bill will go into circulation in April 2017 with vending, ticketing and other machines accepting it from day one. Each banknote will have a life expectancy of around 4 years and cost between 6 and 10 euro cents each to produce.Use of the 50-euro note has quadrupled...

>"Candidates should know that," Ryan, the highest-ranking elected Republican, said in an interview with radio station WTMJ in Milwaulkee, Wisconsin. "I really believe he's got to clean up the way his new media works," he said.Trump on Monday defended the post, saying he had not meant the six-pointed star...

>Comey said the probe found there was evidence of extremely careless handling of emails by Clinton, now the presumptive Democratic presidential nominee, and that at least 110 emails contained classified information at the time they were sent.But he said the FBI's judgment was that "no reasonable prosecutor" would bring...

>Germania said flight ST8056 had been due to fly to the Turkish resort of Antalya before notice of the threat. All 128 passengers and seven crew members were being looked after at Kassel airport in western Germany.Police said they evacuated the plane and were checking the caller's claim. "An...

>The service will be available to customers later this year.No further details were disclosed. Comcast has been adding features to its X1 service in a bid to retain pay-TV subscribers, who have increasingly gravitated to online video offerings from companies like Netflix and Hulu. Netflix's shares were up 2.

>"The economic effects, on the baseline scenario, are relatively modest, but there still is the uncertainty about how things are actually going to play out," San Francisco Federal Reserve President John Williams said in an interview Friday with Market Watch that was published Tuesday. "I don’t think it is nearly...

>The referendum committee, chaired by Deutsche Boerse Chairman Joachim Faber, will make recommendations to ensure that a merged group will meet all regulatory requirements to secure closing of the transaction and achieve its commercial objectives."Whether the UK is just European or a member of the EU, the merger will...

>The cable news channel said Trump was thought to be considering at least nine potential running mates, many of them Republican lawmakers in Congress. Trump tweeted on Tuesday about a meeting he had over the holiday weekend with Republican Senator Joni Ernst of Iowa, one of the potential candidates. He...

>Safaricom, which is 40 percent owned by Britain's Vodafone, and Nairobi-based software developer Craft Silicon will jointly run the services.Little Cab cars will offer free Wi-Fi to passengers, aim to provide cheaper fares than those of competitors and offer drivers a higher share of revenues, officials of both firms...

>The laser-guided "Geta" (get a car) robot slides under your vehicle, picks it up, finds a parking space in the lot and places the car in the tightest of spots.The soon to be launched robot needs just two minutes to park a vehicle, does not need tracks, has 360...

>The recordings are in line with data extracted on the plane's other devices, which indicate the presence of smoke in the plane's lavatory and avionics system, the sources said. The investigation committee remains open to all possibilities regarding what caused the crash, the sources said. (Reporting by Eric Knecht; Editing...

>The Classic was launched early last year, with a physical keyboard in the vein of its Bold predecessor and powered by the company own overhauled BlackBerry 10 operating system.BlackBerry has since launched a phone powered by Alphabet Inc's (GOOGL.O) Android software and plans several more, and BlackBerry Chief...

>The U.S. dollar will strengthen over the coming year, despite fading chances of the Federal Reserve raising interest rates, on worries Britain's vote to leave the European Union might lead to a wider slowdown in trade and investment, a Reuters poll showed.Brexit has increased the chances for more...

>The investigation into model year 2011 to 2015 Explorer SUVs was opened last Friday by NHTSA which said it has identified 154 complaints of "occupants smelling exhaust odors in the occupant compartment," and that some of the vehicle owners "expressed concerns about exposure to carbon monoxide.""We will cooperate with...

>WASHINGTON New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over.The Commerce Department said on Tuesday new orders for manufactured goods declined 1.

>As part of the deal, Gores Holdings Inc (GRSH.O), set up by Gores to make acquisitions and other deals, will pay $375 million in cash to Hostess shareholders.Other investors, including Gores Group Chief Executive Alec Gores and C. Dean Metropoulos, have committed $350 million through a private placement.

>Midea looked set to secure a 52.8 percent stake in Kuka on Monday after shareholders Voith and Friedhelm Loh sold their stakes to the Chinese bidder. Midea launched a 4.5 billion-euro ($5 billion) offer for Kuka in May.The bid is the largest yet by a Chinese buyer...

>In the latest chapter of corruption scandals that have engulfed much of Spain's political class, police staged 48 raids, mostly in Madrid and the Catalonia region, including on eight town halls, according to the Spanish interior ministry.The inquiry, involving 340 police from 10 regions, followed the detection of a...

>Euro zone business growth held steady in June, but the modest pace suggested economic growth in the second quarter was half the rate of January-March, even as a rebound in Italy and rapid acceleration in Spain brightened the outlook.In France, the euro zone's second largest economy, data showed both...

>U.S. stock index futures were lower on Tuesday, tracking a decline in oil prices, as investors shifted their attention to global growth worries post Brexit. * Data from China showed that the country's services sector activity rose to an 11-month high in June, but a composite measure of activity...

>Shosuke Idemitsu, 88, the son of founder Sazo Idemitsu, publicly objected to the plan at a meeting last week in what was an unusual intervention in Japan's staid corporate world.The former president and now honorary chairman is leading the family against the plan, which includes the purchase of Royal...

>LOS ANGELES Democratic presidential candidate Hillary Clinton has hired two people with close ties to U.S. organized labor to try to lock down support from union members as Republican candidate Donald Trump makes courting working-class voters central to his campaign.     The two new staffers, Lori D'Orazio and Michele...

>WASHINGTON In her June 2008 concession speech for the Democratic presidential nomination, Hillary Clinton pledged to do all she could to propel Barack Obama to the White House. On Tuesday he returns the favor.After months of waiting on the sidelines while his former secretary of state battled Senator Bernie...

>DHAKA Bangladeshi police hunted on Tuesday for six members of a domestic Islamist group they suspect helped gunmen attack a Dhaka cafe, as officials began questioning families of the militants for clues as to what turned them into killers.Gunmen stormed the restaurant in Dhaka's diplomatic zone late on Friday...

>LONDON The Bank of England will probably wait until August to make any policy move to offset the hit to the economy from Britain's decision to leave the European Union, but the pound has more pain ahead, a Reuters polls showed on Tuesday.Governor Mark Carney has said the economy...

>Markit's final composite Purchasing Managers' Index (PMI), tracking activity in manufacturing and services that together account for more than two-thirds of the economy, fell to 54.4 from 54.5 in May.The reading was higher than a preliminary estimate of 54.1 and comfortably above the 50 mark that...

>TORONTO The parent company of infidelity dating site Ashley Madison, hit by a devastating hack last year, is now the target of a U.S. Federal Trade Commission investigation, the new executives seeking to revive its credibility told Reuters.The breach, which exposed the personal details of millions who signed...

>As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another slump on a scale unseen for at least a year, a Reuters analysis of company disclosures shows.A review of disclosures by the largest 30 U.S. shale firms...

>Chinese Premier Li Keqiang traveled on Tuesday to Anhui, one of the hardest-hit provinces, where he met residents and encouraged officials to do everything they could to protect lives and livelihoods. Li was also to visit Hunan province.Heavy rainfall had killed 93 people across 11 provinces and regions and...

>The arrest of the suspects, 11 of them foreigners, brought the number of those remanded in custody over the attack to 30 after 13 were sent to jail on Sunday, state-run Anadolu Agency reported.The latest 17 to be held were accused of "membership of an armed terrorist organization," the...

>Finance minister George Osborne announced the cut on Monday in an attempt to cushion the shock of Britain's vote to leave the European Union. "Dropping to 15 percent doesn’t look to me like a good initiative to be getting involved in ... , and that would be a considerable loss of...

>The rate declined by 10 basis points from the first quarter and marked the eighth consecutive quarter of decrease in the national vacancy rate.Overall net absorption increased by 5.4 million square feet of office space in the second quarter, a significant decline from an increase of about 11.

>PARIS/TOKYO Renault's (RENA.PA) carmaking alliance with Nissan (7201.T) achieved record savings of 4.3 billion euros ($4.8 billion) last year, a senior executive said, but their growth is set to slow.In comments embargoed for release on Tuesday, Renault-Nissan Senior Vice President Arnaud Deboeuf also told reporters...