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Press Releases

Recalls this week: Tie-downs, folding bikes

A line of faulty ratcheting tie-downs that can fail to hold a secured load is among this week's recalled consumer products. Others include faulty folding bikes. DETAILS: Snap-on ratcheting tie downs sold in a package of four exclusively at Sam's Club stores nationwide from May 2015 through September 2015.

Source: The Associated Press

Tribune calls Gannett 'erratic,' but still reviewing deal

NEW YORK— Tribune Publishing said in a letter Tuesday that USA Today owner Gannett is "erratic" and "unreliable," as the two newspaper companies try to discuss a possible tie-up. Nonetheless, Tribune Publishing said it is still considering the $388 million takeover offer from Gannett. Tribune Publishing's letter comes a day after Gannett made public its bid to buy...

Source: The Associated Press

Brexit wouldn’t be good for world, leadership: Pritzker

If the United Kingdom leaves the European Union, they would have to figure out how to tie up many loose ends, including trade, says U.S. secretary of commerce, Penny Pritzker.


UPDATE 3-Hapag-Lloyd seeks tie-up with rival UASC as shipping depression deepens

FRANKFURT/ LONDON, April 21- Germany's Hapag-Lloyd is in talks to merge with United Arab Shipping Company, the latest move in the container market to battle a faltering global economy and too many ships. Hapag-Lloyd gave no further details of the discussions and said there was no certainty of a deal, which if it comes off is estimated to create a group with a...

Source: Reuters

UPDATE 2-Shipping firm Hapag-Lloyd in merger talks with rival UASC

FRANKFURT, April 21- German container shipping group Hapag-Lloyd is in talks to merge with United Arab Shipping Company in what would be the latest tie-up in an industry hammered by overcapacity and a faltering global economy. France's CMA CGM is in the midst of buying Singapore's Neptune Orient Lines to cement its position as number three behind...

Source: Reuters

Calif. administrative law judge recommends approval of Charter-Time Warner tie-up

WASHINGTON, April 12- A California Public Utilities Commission administrative law judge recommended approving Charter Communications Inc proposed acquisition of Time Warner Cable and Bright House Networks with conditions, according to a decision made public late on Tuesday. The decision, which faces a vote by the commission as early as May 12, comes as the...

Source: Reuters

UPDATE 4-Fujimori headed to run-off in Peru presidential election

LIMA, April 10- Keiko Fujimori likely won the first round of Peru's presidential election on Sunday, though the race to be her opponent in the June run-off was locked in a virtual tie between two contenders, three exit polls showed. A runoff between Kuczynski, a former World Bank economist, and Fujimori would likely ensure Peru's free-market economic model...

Source: Reuters

WRAPUP 1-Japan faces trouble controlling damaging yen rises

*G20 accord may tie Japan policymakers' hands. *Japan policymakers feel recent yen rises sharp. But the jawboning has failed to stop market participants from testing policymakers' resolve with many betting Tokyo will not intervene unless the dollar falls below 105 yen or even 100 yen.

Source: Reuters

European shares end higher helped by defensive stocks, telecoms slump

LONDON/ MILAN, April 4- European shares bounced back from one-month lows on Monday, led higher by gains in defensive stocks, but telecoms fell after talks between Orange and Bouygues on creating a dominant French operator collapsed. Shares in French group Bouygues slumped 13.5 percent to around 30 euros, making their worst day in 17 years. The proposed tie-up was...

Source: Reuters

European telecom shares slump after Orange-Bouygues talks fail

LONDON, April 4- European equities hovered close to a one-month low on Monday, with telecom shares slumping after talks between Orange and Bouygues on a deal to create a dominant French operator collapsed. The proposed tie-up was widely seen as a make-or-break chance to reduce the number of telecoms groups to three from four in France and prop up profits, which...

Source: Reuters