News Archive - 22 July 2016

>Kerry told reporters that he might meet Russian Foreign Minister Sergei Lavrov in Geneva, but indicated detailed talks were more likely to take place on the sidelines of a gathering of Southeast Asian nations in Laos on Monday and Tuesday.Kerry defended the U.S. proposal, which has been greeted...

>The two were speaking during the G20 meeting of finance ministers and central bank governors in Chengdu, China on Saturday. Lew also "reinforced the importance" of working quickly to approve and implement the Trans-Pacific Partnership agreement, the press release said. (Reporting by the Shanghai Newsroom and David Lawder; Editing by...

>RICHMOND, Va. Democrat Hillary Clinton's pick of Tim Kaine as her vice presidential running mate could hamper her efforts to reach out to African-American voters because of Kaine's past embrace of crime-fighting strategies that have driven up the U.S. prison population and are unpopular in the black community.The...

>CHENGDU, China Fiscal and monetary policies are becoming less effective at spurring economic activity so the world's leading economies need to increase coordination to promote sustainable growth, China's Finance Minister Lou Jiwei said on Saturday.Lou was speaking at the start of a meeting of Group of 20 finance ministers...

>The potential bust-up of two mega deals among America’s largest health insurance companies may have an unintended result - more mergers. The U.S. Department of Justice on Thursday sued to block Aetna Inc's (AET.N) $37 billion purchase of Humana Inc (HUM.N) and Anthem Inc’s (ANTM.N) proposed...

>WASHINGTON Skeptics in the U.S. government, European allies in the anti-Islamic State coalition and the main Syrian opposition, distrustful of Russia's intentions, are questioning Secretary of State John Kerry’s latest proposal for closer U.S.-Russian cooperation against extremist groups in Syria.Several U.S. military and intelligence officials...

>NEW YORK Republican presidential nominee Donald Trump has pulled nearly even with Democratic rival Hillary Clinton for the first time since May, according to a Reuters/Ipsos poll taken over the course of the Republican National Convention in Cleveland this week.The July 18-22 national online poll found that 41 percent...

>At the time the proposed merger was announced in June 2015, Netherlands-based Ahold operated 760 supermarkets under the Stop & Shop, Giant, and Martin's banners in 10 Eastern states and the District of Columbia, the FTC said. Delhaize, headquartered in Belgium, operated 1,291 supermarkets under the Food Lion and Hannaford...

>TORONTO Anglo American Plc's (AAL.L) De Beers has put its Snap Lake diamond mine in Canada up for sale after suspending operations at the unprofitable mine last December, a spokesman said on Friday. De Beers has hired Bank of Montreal (BMO.TO) to market the underground mine in Northwest...

>WASHINGTON The chairman of the Federal Communications Commission on Friday pressed major U.S. phone companies to take immediate steps to make technology that blocks unwanted automated calls available to consumers at no charge.FCC Chairman Tom Wheeler, in letters to CEOs of major phone companies, said so-called robocalls, automated...

>SAN FRANCISCO A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether Wall Street extends its record-breaking rally or loses steam.With second-quarter reporting season kicking into...

>The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram ProMaster City small vans, Jeep Renegade and Cherokee SUVs and some 2014 Cherokees. The recall includes...

>"I am proud of what we've achieved together," Obama told the Mexican leader, noting that with the heated rhetoric of the U.S. presidential election campaign, Mexico's importance to the United States as a major trading partner and neighbor is often not acknowledged. (Reporting by Ayesha Rascoe; Writing by David...

>IT Cosmetics will continue to operate from its New Jersey base under its current leadership team, L'Oreal said in a statement. The all-cash deal is subject to regulatory approvals. (Reporting by Laurence Frost; editing by Susan Thomas)...

>Duke, 66, is a former Louisiana state legislator and unsuccessful Republican candidate for governor who served a 15-month federal prison sentence after pleading guilty in 2002 to charges of tax evasion and mail fraud.Republican presidential nominee Donald Trump drew criticism in February for failing to quickly disavow support from...

>MUNICH Gunmen went on a shooting rampage in a shopping mall in the southern German city of Munich on Friday, killing and wounding many people, police said.Authorities were evacuating people from the Olympia mall but many others were hiding inside.The Bavarian Interior Ministry said three people were dead,...

>The U.S. leader, speaking at a news conference with Mexican President Enrique Pena Nieto, said the Trans Pacific Partnership trade deal currently being worked on has taken into account some of the weaknesses and criticisms of the North American Free Trade Agreement and sought to address those. (Reporting by...

>FRANKFURT Central banks from Washington to Tokyo take center stage next week, although policymakers are likely to remain cautious as they wait for the dust to settle from Britain's shock vote to leave the EU.As they wait for political reassurances and greater clarity over the likely impact of the...

>The S&P 500 and the Nasdaq were higher Friday, led by technology and telecom stocks, while the Dow's gains were limited by industrials after GE's disappointing results.GE (GE.N), long considered a bellwether for the U.S. economy, dropped 2.2 percent after its reported weak demand for new...

>Tullett, which restructured the deal following concerns from the U.S. Department of Justice, said on Friday it had been granted early termination of the waiting period under the U.S. Hart-Scott-Rodino act. The company said it remained confident that the deal was on track to close in 2016. (Reporting...

>China's push to modernize its manufacturing with robotics is partly a response to labor shortages and fast-rising wages.But the world's second-largest economy still has far lower robot penetration than other big industrialized economies - just 36 per 10,000 manufacturing workers in 2015, ranking it 28th among the world's most...

>WASHINGTON Democrat Hillary Clinton was close on Friday to announcing a vice presidential running mate, with U.S. Senator Tim Kaine of Virginia leading a small group of contenders under consideration to help her do battle with Republican rival Donald Trump.Another senator, Cory Booker of New Jersey, along with...

>Shirley, who adopted the Kurdish name of Agir Servan, was killed on July 14, the Kurdish Peoples' Protection Units (YPG) said in a statement posted on its website on Thursday.The YPG is part of a U.S.-backed alliance of Syrian Kurdish and Arab fighters called the Syria Democratic...

>Yahoo Inc (YHOO.O) is focusing on U.S. telecommunications company Verizon Communications Inc (VZ.N) as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday.A deal would boost Verizon's AOL internet business, which the...

>CLEVELAND On the floor and corridors of the basketball arena hosting the Republican National Convention, in restaurants and bars, hotel lobbies and conference rooms across Cleveland, the talk was of the rise of Donald Trump, whose unlikely presidential candidacy has caused seismic fractures in the Republican Party.While the venues...

>Forces aligned with Libya's United Nations-backed government in Tripoli advanced rapidly on the militant group's Libyan stronghold in May, but they have faced resistance from snipers, suicide bombers and mines as they have closed in on the city center.Sirte had been controlled by Islamic State since last year, becoming...

>NEW YORK General Electric Co (GE.N) on Friday reported a sharp rise in adjusted net income in the second quarter, as its aviation, healthcare and power businesses countered weak demand for oil and gas and transportation equipment. GE, long considered a bellwether for the U.S. economy, posted adjusted...

>Apple was seeking "a leader for personnel training plans for the Taiwan Apple Store" and other retail positions indicating it was looking for a team in Taiwan, according to job postings dated Friday on Apple's website. The Cupertino, California-based company confirmed it had plans to open the first Apple Store...

>WASHINGTON U.S. National Security Adviser Susan Rice will urge Beijing next week to avoid escalation in the South China Sea when she makes the highest-level U.S. visit to China since an international court rejected its sweeping claims to the strategic waterway.Even as Washington has sought to keep...

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>"We are having constructive discussions with all regulatory authorities which reinforce our confidence in closing the transaction by the end of the year," new Chief Executive Erik Fyrwald said in its results statement.First-half profit was hurt by weak agricultural markets and a continued decline of its Latin American business.

>CLEVELAND/NEW YORK At times, the speech was drowned out by the cheering crowds in the arena of the Republican National Convention. Social media crowned a new political star. Some Republicans said they were seeing the U.S. president they longed for.It was Ivanka Trump’s night. The eldest daughter of...

>HOUSTON A ballooning spread between the price of U.S. and European oil, coupled with lower shipping costs, has traders scrambling to take advantage of what may be a brief window of opportunity to ship crude to higher priced markets. The premium for Brent futures relative to U.S. West...