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Airbus faces lengthy probe, no quick fine: sources
PARIS/LONDON (Reuters) - Airbus faces years of investigation by French and UK authorities into allegations of corruption over jet sales, people familiar with the case said on Friday, playing down a newspaper report of a potentially rapid settlement.
UPDATE 1-Airbus faces lengthy probe, no quick fine -sources
PARIS/LONDON, Sept 15 (Reuters) - Airbus faces
years of investigation by French and UK authorities into
allegations of corruption over jet sales, people familiar with
the case said on Friday, playing down a newspaper report of a
potentially rapid settlement.
My Little Pony, Matchbox cars among finalists for National Toy Hall of Fame
The paper airplane, Wiffle Ball, Clue, Magic 8 Ball, PEZ Candy dispenser, play food, sand, Transformers, Risk and Uno round out the toy hall of fame finalists.
Western Digital-led group wins bid for Toshiba chip unit: Nikkan Kogyo
(Reuters) - Toshiba Corp has decided to sell its memory chip unit to a group led by Western Digital Corp for about 2 trillion yen ($18.29 billion), Japan's Nikkan Kogyo newspaper said, without citing sources.
Judge to decide fate of Alaska's largest newspaper
The fate of Alaska's largest daily newspaper will be determined by a federal bankruptcy judge.
Western Digital-led group wins bid for Toshiba chip unit - Nikkan Kogyo
Toshiba Corp(TOSBF) has decided to sell its memory chip unit to a group led by Western Digital Corp (WDC) for about 2 trillion yen, Japan's Nikkan Kogyo newspaper said, without citing sources. The company plans to take a decision on Sept. 13 and make the decision official on Sept. 20, according to the report. http://bit.ly/2jjrNyd. Reuters could not immediately confirm the development.
Key moments from the history of The New York Daily News
TRONC, the U.S.'s third-largest newspaper chain announced a deal to buy the longtime financially-ailing New York Daily News from investor Mort Zuckerman.
Target to slash prices on thousands of items, sending shares tumbling
Target said the price cuts would be on items including cereal, paper towels, baby formula, razors and bath tissue.
iPhone 8 production glitches could mean delays when orders start: WSJ
Production glitches in the manufacturing of the iPhone 8 earlier this summer could mean supply shortages and shipping delays when customers start putting in orders for the new device later this month, The Wall Street Journal reported, citing people familiar with the matter. The iPhone 8 is expected to be unveiled at an Apple event scheduled for Sept. 12, and if shortfalls last beyond the initial sales period expected to kick off Sept. 22, it could lead analysts to lower estimates for the key holiday period, the paper said. The glitches led to a setback to the manufacturing timetable of about a month. Foxconn, the contractor that assembles iPhones at factories in China, has been ramping up production and is offering bonuses to employees who help bring in new hires. Apple declined to comment. The new phone is expected to come with a series of new features. Apple shares were down 0.6%, but have gained 39% in 2017, while the Dow Jones Industrial Average has gained 10.5% and the S&P 500 has gained 10%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
L.A. Times, Chicago Tribune owner buys New York Daily News
(Reuters) - Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.
10-year Treasury yield sinks to lowest since Trump's election
The benchmark 10-year Treasury yield plunged to its lowest levels since Nov. 10, when President Donald Trump's election led to a selloff in government paper. Geopolitical concerns strengthened the bid for government paper and other assets perceived as havens, helping to push down the 10-year Treasury yield 7.9 basis points to 2.088%. Yields, which move inversely to bond prices, fell across the board in the first U.S. trading session since tensions heated up in North Korea over the weekend. North Korea tested a hydrogen bomb on Sunday, prompting the U.S. to tell the U.N. Security Council that Pyongyang was "begging for war." South Korea also warned that its northern neighbor is preparing to test its intercontinental ballistic missile this week.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Tronc buys New York Daily News
Newspaper company Tronc, which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.
Yellow Pages to stop printing directory after 51-year run
The local business listings will no longer be available on paper after more than five decades.
Hellman & Friedman leads race for $5 billion Nets deal: Financial Times
- U.S. private equity firm Hellman & Friedman is the frontrunner in the race to acquire Nets, Scandinavia's largest payments processor, the Financial Times reported, citing people close to the discussions. The deal is expected to value Nets at more than 31.3 billion Danish crowns, the newspaper also reported. http://on.ft.com/2vNvIVi.
BRIEF-Orchids Paper Products Co acquires new business award from a new customer in a new distribution channel
Orchids Paper Products Co. * Orchids Paper Products Co says has acquired new business award from a new customer in a new distribution channel - SEC filing. * Orchids Paper Products Co - under new business award, shipments are expected to begin in late Q4 2017 with full implementation in Q2 of 2018 Source text: Further company coverage:
Demand for 5-year auctions break records amid strong foreign demand
A strong auction for 5-year Treasury notes helped to push down yields for government paper across the board after foreign buyers showed strong appetite. Indirect buyers, a proxy for non-U.S. investors, snapped up 69.1% of the issue, its third largest in history of the auction. While, dealers, or traders authorized to buy and sell government securities from the Federal Reserve, took down 17.5% of the notes, their all-time smallest share. A smaller allocation to dealers can suggest a broader array of investors are interested in the issue. Prior to the sale, trading for Treasurys was mostly flat, but yields were dragged lower after the auction. The yield for the 5-year Treasury note [s:tmubmusd05y] slipped 1.7 basis point to 1.742%, while the 30-year Treasury bond's yield [s:tmubmusd30y] fell from its intraday highs to 2.753%. The 10-year note's yield [s:tmubmusd10y] was slightly lower at 2.162%. "The big buyside takedown suggests that there was strong foreign demand, but regardless of the source, there are strong buyers of 5s here," wrote Thomas Simon, senior money market economist for Jefferies.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
We never had school lunch like this
These kid-friendly bento-style lunch boxes put paper bags to shame.
Tronc shares gain 8% after company names new L.A. Times publisher
Shares of media and publishing company Tronc Inc. rose as much as 8% on Tuesday after the company announced a broad management shake-up at its flagship newspaper the Los Angeles Times. Tronc said late on Monday that former interim Chief Executive at Yahoo! and President of Fox Interactive Media Ross Levinsohn would be the new chief executive and publisher of the L.A. Times. Levinsohn's appointment is part of Tronc's push to a digital transformation across its platforms and businesses, and the move in the stock suggests that investors are on board. Shares of Tronc are up more than 3% in the year to date, but have declined more than 10% in the last 12-month period. By comparison, the S&P 500 index is up more than 9% in the year and more than 12% in the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
New LA Times Leader Takes Over a Newspaper Worth $400 Million
Tronc names digital media executive to lead LA Times
LOS ANGELES (Reuters) - Newspaper company Tronc Inc named digital media veteran Ross Levinsohn the new chief executive officer and publisher of the Los Angeles Times as part of a shake-up of senior management, the company said in a statement on Monday.
BRIEF-Packaging Corporation of America announces agreement to acquire Sacramento Container Corp
Packaging Corp of America(PKG) : * Packaging Corporation of America (PKG) announces agreement to acquire Sacramento Container Corporation and conversion of Wallula Mill Paper Machine to high-performance 100% virgin linerboard.
Six Flags drops Confederate flag from Texas park: papers
Six Flags Over Texas(SIX), faced with criticism over its longstanding display of a Confederate flag at its main amusement park, has decided to remove the item and display U.S. flags instead, local newspaper reports said on Friday. A Confederate flag at the park located between Dallas and Fort Worth has been on display since it opened in 1961.
Brexit paper opposes Irish border posts
The government says it does not envisage border posts or CCTV cameras at Irish border.
Brexit: UK position paper opposes Irish border posts
The future management of the border is one of three main priorities in the UK-EU talks.
China reclaims spot as No. 1 holder of Treasurys after 8-month hiatus
China overtook Japan as the top holder of Treasurys in June, according to the Treasury International Capital report. The last time China was the top holder was back in last October. China's holdings of U.S. government paper rose to $1.147 trillion, up more than $44 billion from the previous month. Japan's holdings slipped $20.5 billion to $1.09 trillion. The report comes amid the yuan's strengthening in the past three months against the greenback. The dollar bought 6.68 yuan on Tuesday, compared with 6.90 yuan back in May. The yuan has been supported by efforts of the People's Bank of China, its central bank, to beat off currency speculators. A steadying economy and attempts to stem capital flight have helped to prop up the yuan, too. A strengthening currency and growing exports can lead to a rapid accumulation of Treasurys. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Our Homes May Get Smarter, But Have We Thought It Through?
As our houses fill with the Internet of things, sensors will tell us whether we left the stove on or if we're out of paper towels. But critics worry these devices won't be secure and will spy on us.
Chinese newspaper warns Trump risks 'trade war'
A Chinese state newspaper has warned President Donald Trump "could trigger a trade war" if he goes ahead with plans to launch an investigation of whether China is stealing U.S. technology
Tesla prices bond deal at yield of 5.25%, upsizes to $1.8 billion from $1.5 billion: WSJ
Tesla Inc. set the terms for its first-ever pure bond deal Friday, pricing it at a yield of 5.25% and increasing the size to $1.8 billion from a previous $1.5 billion, The Wall Street Journal reported. Demand was strong enough to support an increase in the size of the deal, the paper said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
HBO offers $250,000 as 'bounty payment' to hackers - Variety
The hackers behind HBO's (TWX) recent data breach have leaked an email in which the U.S. cable channel offered them $250,000 as a "bounty payment," Hollywood trade paper Variety reported on Thursday.
Wisconsin does not have the votes to secure $3 billion Foxconn tax-package: report
The leader of the Wisconsin senate said he does not yet have the votes to secure a $3 billion package of tax credits that are part of Foxconn's planned investment in a plant in the state, the Journal Sentinel reported Wednesday. "We should be cautious," Senate Majority Leader Scott Fitzgerald (R-Juneau) told reporters after meeting with Gov. Scott Walker for an hour, the paper reported. A report last week from the Legislative Fiscal Bureau found that Wisconsin taxpayers would not recoup their investment until 2043. News that Foxconn was planning to build the plant was announced with much fanfare in July by Walker and President Donald Trump. The Taiwanese manufacturer is best known for making Apple's iPhone at factories in Asia and Latin America. But Foxconn has a history of broken promises and has still not broken ground on a plant promised in Pennsylvania four years ago. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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