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Wires

  • *Attack first took hold in Ukraine, spread worldwide. FRANKFURT/ MOSCOW/ KIEV, June 28- A cyber attack wreaked havoc around the globe on Wednesday, crippling thousands of computers, disrupting operations at ports from Mumbai to Los Angeles and halting production at a chocolate factory in Australia. Ukraine, the epicentre of the cyber strike, has repeatedly accused...

  • June 28- Beef Products Inc has settled its defamation and libel lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on what the company calls its "lean...

  • AIRPORTS COULD AVOID LAPTOP BAN OR GET OFF BANNED LIST IF THEY MEET NEW ENHANCED SECURITY REQUIREMENTS- SOURCES.

  • TO ANNOUNCE ENHANCED SECURITY MEASURES FOR ARRIVING INTERNATIONAL FLIGHTS, IS NOT IMMEDIATELY EXPANDING LAPTOP BAN- SOURCES.

  • MOSCOW, June 28- Russia's central bank said on Wednesday it had detected a cyber attack on Tuesday that used malware similar to the WannaCry and Petya encryptor viruses. The bank said its centre for monitoring and reacting to computer attacks had sent out instructions to companies on how to detect and counter the malware. It said it had found isolated cases of...

  • The Chronicle of Higher Education on Wednesday released its annual study of compensation for presidents of public colleges and universities in fiscal year 2016. The survey of more than 150 executives found that average total compensation increased by 5.3 percent over the previous year, to $501,000. Total compensation includes base pay, bonus pay,...

  • U.S GASOLINE FUTURES PARE LOSSES AFTER EIA DATA SHOWS SLIGHTLY BIGGER-THAN-EXPECTED DRAW IN INVENTORIES.

  • OIL PRICES REVERSE EARLIER GAINS, TURN NEGATIVE AFTER EIA DATA.

  • OIL PRICES RISE BRIEFLY AFTER EIA DATA SHOWS SURPRISE BUILD IN U.S.

  • *Italy has among the slowest internet speeds in Europe. PERUGIA, Italy, June 28- In Perugia, crews from Telecom Italia and Enel's rival broadband divisions have been working side by side, digging cable trenches along the same roads, sometimes inches apart. At times, hundreds of workers vied for space across the medieval Umbrian city, the first battleground between...

  • LONDON, June 28- Global debt levels have climbed $500 billion in the past year to a record $217 trillion, a new study shows, just as major central banks prepare to end years of super-cheap credit policies. Federal Reserve chief Janet Yellen has warned of expensive asset price valuations, Bank of England Governor Mark Carney has tightened controls on bank credit...

  • PARIS, June 28- French nuclear regulator ASN said in a statement on Wednesday that EDF's nuclear reactor under construction in Flamanville is fit for service, despite weak spots in its steel. The ASN added, however, that the reactor will need extra monitoring over its lifetime and that its cover may have to be replaced in a few years, if operator EDF does not manage to...

  • *Large caps lift Abu Dhabi slightly higher. *Saudi, Qatar, Oman closed for Eid al-Fitr break. DUBAI, June 28- Stocks prone to speculative trade dragged Dubai's equity index down on Wednesday while Egypt's blue chip developer Talaat Mostafa outperformed on news its former chairman has been pardoned and named chief executive.

  • MUNICH, June 28- BMW will streamline its manufacturing process, offering fewer variants of engines and equipment, to offset high research and development spending through 2019, the German carmaker's finance chief Nicolas Peter said on Wednesday. At the same time, China's aggressive push to introduce electric car quotas has forced European carmakers to...

  • June 28- Beef Products Inc has settled its defamation and libel suit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on what the company calls its "lean finely...

  • LONDON, June 28- Britain's markets watchdog has announced a broad overhaul of the country's 7 trillion pounds asset management industry to help ensure better value for money for investors. Below is a list of the main steps the Financial Conduct Authority will take, and consultations for implementing them:. -There is weak competition in a number of areas.

  • WASHINGTON— Americans signed fewer contracts to buy homes in May, the third straight monthly decline and evidence that a shortage of homes for sale has suppressed home-buying. The National Association of Realtors said Wednesday that its pending home sales index fell 0.8 percent in May to 108.5. The median sales price in May rose 5.8 percent from a year ago to...

  • *Spectranetics jumps after $2.16 bln Philips deal. June 28- Wall Street opened higher as financial stocks rose and euro zone central bank sources told Reuters the market had overinterpreted chief Mario Draghi's comments that the ECB was ready to start withdrawing the emergency stimulus for the economy. Equity valuations have come under focus at a time when...

  • SIOUX FALLS, S.D.— ABC News has reached a settlement with a South Dakota meat producer that filed a $1.9 billion lawsuit against the network over its reports on the company's lean, finely textured beef product that critics dubbed "pink slime," the TV network said Wednesday. ABC spokeswoman Julie Townsend said in a statement that the network has "reached an amicable...

  • June 28- South Dakota meat processor Beef Products Inc has settled its defamation and libel suit against American Broadcasting Company and its reporter Jim Avila, BPI said in a statement on Wednesday. BPI claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on the...