News Archive - 8 July 2016
Tehran, Iran. Eid al-Fitr marks the end of the Muslim fasting month of Ramadan. (AP Photo ...">
>The limited testing on Messenger, which has more than 900 million users, comes three months after Facebook rolled out end-to-end encryption to its more popular WhatsApp, a messaging application with over 1 billion users that it acquired in October 2014. The move comes amid widespread global debate over the extent...
Aetna meets with Justice Department over merger with Humana
>NEW YORK/WASHINGTON Aetna Inc (AET.N) executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy rival Humana Inc (HUM.N), according to a source familiar with the matter.
Exclusive: Imperva seeks investment bank to explore options - sources
>U.S. cyber security company Imperva Inc (IMPV.N) is seeking to hire an investment bank to help it explore strategic options after coming under pressure from activist hedge fund Elliott Management Corp, according to people familiar with the matter. The move comes after Elliott unveiled an 8.8 percent...
Violence again convulses 2016 election campaign, testing Trump, Clinton
>In the hours after a gunman shot 12 police officers, killing five in Dallas, Republican presidential candidate Donald Trump and his Democratic rival Hillary Clinton abruptly canceled campaign events. Their Twitter accounts largely went quiet.The shootings marked yet another convulsive event in the 2016 political season, one in which...
The Latest: UK diplomat says nation still a worl...
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German intelligence: Iran may have tried to viol...
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Clinton maintains she was unaware her emails had classified secrets
>Asked whether the presumptive Democratic presidential nominee agreed with the characterization of James Comey, the director of the Federal Bureau of Investigation, on Tuesday that she had been "extremely careless" in her handling of sensitive government secrets, she declined to say in an interview with CNN, suggesting he later "clarified"...
Faced with Trump and Clinton, Americans yearn for third choice: Reuters/Ipsos
>NEW YORK Americans' demand for an alternative to the two main presidential candidates has surged since the last election, a Reuters/Ipsos opinion poll shows, underscoring the unpopularity of Republican Donald Trump and Democrat Hillary Clinton.Based on 2,153 interviews, Friday's poll results suggest a strong potential for a third-party candidate...
Bitcoin 'miners' face fight for survival as new supply halves
>KEFLAVIK, Iceland Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins.In the world of the web-based...
Bank earnings loom large as stocks near record
>NEW YORK The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the U.S. economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.Earnings next...
U.S. Representative Brown charged with fraud: Justice Department
>The department said Brown and Elias Simmons were charged in a 24-count indictment with participating in a conspiracy to commit mail and wire fraud, theft of government property, filing false tax returns and other crimes. (Reporting by Timothy Ahmann; Editing by Bill Trott)...
U.S. House panel approves Benghazi report after two-year probe
>WASHINGTON The U.S. House of Representatives' special Benghazi committee approved its report on Friday on the attack in Libya that killed four Americans in 2012, but the Republican-led panel set no date for ending its work after a two-year-long investigation.The committee's chairman, Republican Representative Trey Gowdy, said the...
U.S. Democrats' infighting over trade pact puts Clinton in middle
>NEW YORK/WASHINGTON Hillary Clinton has found herself in the middle of a fight within the U.S. Democratic Party over the Pacific Rim trade pact, between President Barack Obama, who backs the deal, and opponents whose help is crucial to her White House bid.A showdown over trade is expected...
German ministry denies investigating Tesla over software updates
>German magazine Der Spiegel reported, without citing a source, that there were indications that Tesla uploaded new software features to a driving assistance system which had not been examined for security during regular approval proceedings.It added the ministry therefore launched an investigation."The report is incorrect," a ministry spokesman...
Don't give UK a generous Brexit deal, EU voters say: poll
>Germans and the French were most opposed to helping Britain out: 53 percent of respondents in both countries said it should not expect any favors compared with 27 percent who said the EU should offer Britain a generous deal, polling firm YouGov said.Furthermore, nearly half of voters in the...
U.S. third-quarter GDP growth seen edging up to 2.3 percent: NY Fed
>The regional central bank also said its Nowcast model showed gross domestic product likely grew at a 2.09 percent pace in the second quarter, compared with its 2.08 percent estimate the prior week. (Reporting by Richard Leong; Editing by James Dalgleish)...
Cooling wages for U.S. healthcare workers dim inflation outlook
>WASHINGTON Rising wages for U.S. healthcare workers had helped to drive a modest acceleration of inflation over the past year, but these gains in earnings have slowed, which could make it harder for the Federal Reserve to achieve its inflation target.Rising prices for healthcare has been one bright...
U.S. labor market nearing full strength, but Fed seen wanting more
>SAN FRANCISCO U.S. employers have been adding enough jobs over the last six months to put the economy on track to full employment by the end of this year, but that prospect alone is unlikely to get the Federal Reserve to step on the brakes with interest-rate hikes. A...
Drugmaker Boehringer offers EU concessions for Sanofi asset swap
>Notice of the offer was published on the European Commission's website on Friday without providing details. The EU executive delayed its decision on the merger to July 28 from July 13 to seek feedback from third parties before deciding whether to accept the proposal. The swap deal would give Boehringer...
Air strikes kill 23 at holiday spot in Syria's Idlib during ceasefire: monitor
>A riverside area in the town of Darkush, near the Turkish border, in western Idlib province was targeted in the air strikes. Idlib province and city are under the control of rebel groups including the al Qaeda-linked Nusra Front. The dead and injured had come from towns around the province...
WTO's new trade index suggests sluggish third quarter world trade growth
>The World Trade Organization Index (WTOI) showed a current reading of 99.0, slightly below trend and with a downward tendency in the most recent data, it said.Readings of above 100 indicate trade growth in line with medium-term trends. World goods trade was 1.0 percent lower in the...
Carney steps into the Brexit breach again
>DUBLIN Brexit worries are set to dominate the coming week, with Bank of England Governor Mark Carney stepping into the policy breach once more as Britain begins a two-month wait to find out the identity of its next Prime Minister.Data from the United States and China will meanwhile give...
NHTSA to probe Harley-Davidson motorcycles for brake failure
>The investigation involves 430,000 Harley-Davidson motorcycles of model years 2008-2011, with anti-lock braking systems, the NHTSA said on Friday. (Reporting by Arunima Banerjee in Bengaluru; Editing by Kirti Pandey)...
France's BNP joins race for Raiffeisen Polish arm: sources
>Raiffeisen Bank International (RBI) has said it aims to sell Raiffeisen Polbank IPO-RBP.WA, Poland's tenth-biggest lender by assets, to a rival listed in Poland."The list is getting a bit longer with BNP joining in," one of the sources said. BNP Paribas, which already owns Poland's Bank BGZ BGZ.
China central bank says to keep reasonable growth in credit, social financing
>Some Chinese provinces and municipalities "have relatively big reliance on real estate and infrastructure investment", the central bank said in a report on regional financial operations.Debt levels were rising rapidly in some regions, it said. The authorities will take steps to ward off regional and systemic financial risks, the...
Bangladesh seeks to account for missing youth to head off attacks
>DHAKA Bangladesh's prime minister has urged parents whose children have gone missing to provide information after some of the militants who attacked a Dhaka cafe last week turned out to be young men who had broken contact with their well-to-do families.Twenty people were killed in the attack, most of...
Divided Wall St. clings to view of one 2016 rate hike after jobs data: poll
>Eight of 15 of primary dealers, or firms that do business directly with the Fed, said the central bank would lift its target interest rate by 0.25 percentage point by the end of the year. While the result was little changed from the previous survey on June 15, the...
U.S. economy posts largest job gains in eight months in June
>WASHINGTON, U.S. job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull, but tepidwage growth could see the Federal Reserve remaining cautious about hiking interest rates.Non-farm payrolls increased by 287,000 jobs last month, the largest gain since last...
TDC receives takeover approach, shares jump
>TDC did not disclose who had made what it described as a highly preliminary approach but the name Apollo appeared in the title of an attachment in its press release.Danish daily Borsen had reported earlier that Apollo had contacted TDC and hired Lazard and FIH Partners as advisers. A...
Sovereign investors' M&A deals fall 26 percent by value in second quarter
>LONDON Sovereign investors, including wealth funds, made $14.1 billion worth of acquisitions in the second quarter, down 26 percent from the first three months of the year but underpinned by a rebound in real estate deals. Data compiled by Thomson Reuters shows sovereign investors, a category that can include...
Chinese companies among three likely bidders for Emerson's Leroy-Somer: sources
>FRANKFURT/PARIS Emerson Electric's EMR.R alternator business Leroy-Somer is expected to attract firm offers from two Chinese companies and a buyout group in a potential 1 billion euro ($1.1 bln) deal, people close to the matter said. Private equity group Clayton Dubilier & Rice (CD&R), as well as Wolong...
Twitter seeks NBA, MLS, Turner deals to stream sports: Recode
>This content could either actual game footage or live interviews and analysis, the technology news website reported on Friday, citing people familiar with the talks. The report comes two months after the microblogging service struck a deal with the NFL to stream some of its Thursday Night Football games this...
China President Xi says economy operating in line with expectations: Xinhua
>China will firmly push ahead with supply-side reform, and continue to implement prudent monetary policy and proactive fiscal policy, Xi said at a meeting on the economy. Xi said that the transition from old to new economic growth engines will require a process, and that there are differentiated economic trends.
Futures cautiously higher ahead of crucial jobs data
>U.S. stock index futures were marginally higher on Friday as investors braced for crucial monthly jobs data that would determine the health of the labor market.* Strong June non-farm payrolls data will help assuage some concerns about the health of the economy that were sparked after a lackluster...
LG Electronics says second-quarter operating profit likely at two-year high
>SEOUL South Korea's LG Electronics Inc said on Friday its second-quarter operating profit likely reached a two-year high, with analysts pointing to strong contributions from its mainstay home appliances and television set businesses.The world's second-biggest TV maker by market share, behind compatriot Samsung Electronics Co Ltd, said in a...
U.S. troop cut won't impact mission in Afghanistan: U.S. general
>KABUL President Barack Obama's decision to withdraw roughly 1,400 U.S. troops from Afghanistan won't adversely impact America's mission there, a top general said before arriving in Kabul on Friday, adding that some jobs could be done from abroad.Obama on Wednesday shelved his plans to cut the U.S.
Obama urges NATO to stand firm vs. Russia despite Brexit fallout
>WARSAW U.S. President Barack Obama urged NATO leaders on Friday to stand firm against a resurgent Russia over its seizure of Crimea from Ukraine, saying Britain's vote to leave the European Union should not weaken the western defense alliance. In an article published in London's Financial Times newspaper as...
German exports plunge: 'Performance not champion-like'
>BERLIN German exports fell unexpectedly in May, posting their steepest monthly decline in nine months, and imports rose less than expected, data showed on Friday, in a further sign that weak global demand is curbing growth in Europe's largest economy.The disappointing trade figures fleshed out a picture of economic...
EU governments approve EU-U.S. data transfer pact: sources
>European Union member state representatives voted in favor of the EU-U.S. Privacy Shield which will underpin over $250 billion dollars of transatlantic trade in digital services by facilitating cross-border data transfers which are crucial to international business.The European Commission, the EU executive, will formally adopt the Privacy Shield...
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