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Wires

  • COPENHAGEN, June 27- Shipping company A.P. Moller-Maersk said a computer system outage that hit the company across multiple regions on Tuesday was caused by a cyber attack. "We can confirm the breakdown is caused by a cyber attack," a spokeswoman said.

  • June 27- Private insurer USI Insurance Services said on Tuesday it had agreed to buy Wells Fargo& Co's commercial insurance business. Financial terms of the deal were not disclosed. The deal for Wells Fargo Insurance Services USA is expected to close in the fourth quarter, the companies said.

  • COPENHAGEN, Denmark— Danish shipping and oil group A.P. Moller-Maersk says its IT systems are down. The Copenhagen- based group didn't say what had caused Tuesday's problems. Danish media say Maersk offices in Britain, Panama and Venezuela were affected.

  • June 27- Music streaming service Pandora Media Inc said Tim Westergren was stepping down as its chief executive. Westergren, who co-founded Pandora in 2000, served as its CEO and president from May 2002 to July 2004, before returning to lead the company last year. The company named Chief Financial Officer Naveen Chopra as the interim CEO.

  • Sprint, controlled by Japan's SoftBank Group Corp, has entered into a two-month period of exclusive negotiations with Charter and Comcast, while putting its merger talks with T-Mobile US Inc on hold until the end of July, sources told Reuters. New Street Research analyst Jonathan Chaplin estimated $35- $40 billion in hard cost synergies from a potential deal...

  • LONDON, June 27- The Bank of England tightened its controls on bank credit to more normal levels on Tuesday, deciding the risk had passed of a big hit to the economy and to lending after last year's Brexit vote. The BoE's Financial Policy Committee said British banks must now hold 5.7 billion pounds between them as an additonal buffer against bad times, and that it...

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus."

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus."

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus".

  • COPENHAGEN, June 27- Shipping company A.P. Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. Ukraine's central bank also said a number of Ukrainian commercial banks and state and private companies had been hit by cyber attacks via an "unknown virus".

  • WASHINGTON, June 27- The International Monetary Fund said on Tuesday it had cut its growth forecasts for the U.S. economy to 2.1 percent in 2017 and 2018, dropping its assumption that the Trump administration's tax cut and fiscal spending plans would boost growth. In a statement following a review of U.S. economic policies, the IMF said the Trump...

  • WASHINGTON— U.S. home prices rose at a healthy clip in April, though the increase slowed a bit from the previous two months. Seattle, Portland and Dallas reported the largest year-over-year gains in April. Home prices jumped 12.9 percent in Seattle, 9.3 percent in Portland and 8.4 percent in Dallas.

  • NEW YORK, June 27- U.S. single-family home prices accelerated at a slower pace than expected in April, a survey showed on Tuesday. The S&P CoreLogic Case-Shiller composite index of 20 metropolitan areas rose 5.7 percent in April on a year-over-year basis, after an unrevised 5.9 percent increase in March. Despite coming in below expectations, David M. Blitzer,...

  • *Yellen participates in a discussion at 1 p.m. ET. June 27- Wall Street was poised for a lower open on Tuesday as a selloff in technology shares continued, while investors awaited clues on interest rate hikes from Federal Reserve Chair Janet Yellen's talk in London. Yellen is scheduled to take part in a discussion on global economic issues in London at 1 p.m. ET.

  • SAN FRANCISCO— Uber's ride-hailing app is making it easier for its users to set up trips for seniors and others who may not know their way around a smartphone but still need help getting around town. The new feature, coming out Tuesday in an app update, is primarily designed for Uber users who want a simple way to arrange rides for parents, grandparents and other...

  • MOSCOW, June 27- Russia's top oil producer Rosneft said on Tuesday its servers had been hit been a large-scale cyber attack, but its oil production was unaffected. "The company's servers underwent a powerful hacking attack," the company said on Twitter. Rosneft's website was unavailable in Moscow as of 1250 GMT.

  • June 27- Alder BioPharmaceuticals Inc's late-stage study data on its experimental treatment to prevent episodic migraine fell short of investors' expectation, sending its shares down about 23 percent in premarket trading on Tuesday. Patients receiving a 300 mg quarterly dose of the company's drug, eptinezumab, through infusion, experienced a reduction of...

  • WASHINGTON, June 27- Republican leaders were in a fierce push on Tuesday to shore up support for a healthcare bill in the U.S. Senate after the nonpartisan Congressional Budget Office said 22 million Americans would lose insurance over the next decade under the measure. Senate Majority Leader Mitch McConnell will continue meeting on-the-fence senators who...

  • *Diesel forum to hold first meeting on Aug. 2. BERLIN, June 27- Germany will discuss a national plan to cut pollution from diesel engines and set up a new organisation to test vehicles to try to restore consumer confidence after Volkswagen's emissions scandal, ministers said on Tuesday. "We want emissions to fall across Germany," Transport Minister Alexander...

  • SALT LAKE CITY _ Novagold Resources Inc. on Monday reported a loss of $8.5 million in its fiscal second quarter. On a per-share basis, the Salt Lake City- based company said it had a loss of 3 cents. This story was generated by Automated Insights using data from Zacks Investment Research.