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Wires

  • BARCELONA, Spain, Feb 27- Abu Dhabi- based cyber security firm DarkMatter presented a secure phone on Monday for politicians and business leaders, tapping into a growing market as governments are revealed to be snooping on citizens and hacking attacks are on the rise. "I am not talking about a phone for the average consumer," Faisal Al Bannai, founder and chief...

  • BARCELONA, Spain, Feb 27- Abu Dhabi- based cyber security firm DarkMatter presented a secure phone on Monday for politicians and business leaders, tapping into a growing market as governments are revealed to be snooping on citizens and hacking attacks are on the rise. "I am not talking about a phone for the average consumer," Faisal Al Bannai, founder and chief...

  • ABUJA, Feb 27- OPEC- led oil production cuts have been well supported by all participating countries despite some teething troubles for non- OPEC members, the cartel's secretary-general, Mohammed Barkindo, said on Monday. Barkindo also said OPEC remained optimistic that the "worst was over" for the oil market, almost two months into the group's supply cut deal with...

  • *Growth in Middle East and Africa halved to 2.6 pct in 2016. BARCELONA, Spain, Feb 27- French telecoms network operator Orange will continue to see slow growth in revenues in the Middle East and Africa this year, its regional business chief said. Bruno Mettling, Orange's deputy CEO and head of operations for the region, indicated growth this year in the Middle East and...

  • NEW YORK, Feb 27- Billionaire investor Warren Buffett told CNBC on Monday his conglomerate Berkshire Hathaway Inc had more than doubled its stake in Apple Inc. since the end of 2016, making it one of Berkshire's biggest equity holdings, and that U.S. stocks overall were not in "bubble territory." At the end of Dec. 31, Berkshire had held 61.2 million shares for a total...

  • BRUSSELS— The European Union has given its approval to the acquisition of the high-voltage cable business of Swiss company ABB by Denmark's NKT Cables. The European Commission said Monday that it gave the proposed acquisition unconditional clearance after concluding "that the merged entity would continue to face effective competition in Europe."

  • Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...

  • CHICAGO, Feb 27- U.S. wheat futures fell 2 percent to their lowest in nearly three weeks on Monday, weakening on technical sales after firming briefly during the overnight trading session. "If you look at the weather, there just is not anything to hang your hat on on the friendly side," Northstar Commodity Investment Co chief analyst Mark Schultz said.

  • "It's going to become like New York City, like the Bronx or Brooklyn," said Michael Queenan, mayor of the neighboring village of Woodbury, about 50 miles north of New York City. Kiryas Joel is a 1.1- square-mile village of nearly 22,000 markedly different from the surrounding suburban sprawl. Under tradition, Kiryas Joel girls marry young and start having children...

  • CAMDEN, N.J.— A hospital in Camden is honoring the life of its former chief executive who was found dead along with his wife in their home in 2014.. Cooper Health System will rename the building the John and Joyce Sheridan Health Center at Three Cooper Plaza. New Jersey's medical examiner last month overturned an earlier ruling that John Sheridan killed himself.

  • NEW YORK, Feb 27- World stock markets and the U.S. dollar fell on Monday while U.S. "There is setting up for what people expect might be at least a focus on things like fiscal stimulus and infrastructure spending of some kind, that might actually boost risk and cause yields to rise," said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.

  • LONDON, Feb 27- U.S. food company Kraft Heinz is not targeting any other large deals for now after being snubbed by Unilever because valuations in the sector are too high, major shareholder Warren Buffett told CNBC news on Monday. My guess is yes, but who knows when... it would have to be friendly and frankly, the prices in that field make it very, very, very tough to make an...

  • WASHINGTON— President Donald Trump warned Monday that the nation's health care system was in danger of imploding and said Congress must make fundamental changes to the sweeping health law passed by his predecessor. Trump said at a White House meeting with dozens of governors that he hoped to overhaul the American tax system but that was a "tiny little ant"...

  • *Polls show Macron easily beating Le Pen in runoff. LONDON, Feb 27- French 10- year bond yields fell to a one-month low on Monday, tightening the gap with German peers on further signs that centrist candidate Emmanuel Macron is the clear favorite in France's closely-watched presidential election. Italian yields also hit one-months lows, as the prospects of snap...

  • TORONTO/ NEW YORK, Feb 27- Milestone Apartments Real Estate Investment Trust, which last month agreed to be acquired by Starwood Capital Group for about C $1.7 billion, has started talks with the U.S. private investment firm about raising the initial bid, people familiar with the situation told Reuters. In January, Milestone agreed to be bought out by Starwood for...

  • MILESTONE APARTMENTS REIT IN TALKS WITH STARWOOD CAPITAL OVER RAISING INITIAL $1.3 BLN BID- SOURCES.

  • *Expects 2017 budget of $3.1 bln vs $1.9 bln last year. *Adj. loss of 6 cents/ shr vs est. profit of 7 cents. The company said on Thursday it would raise its capital budget to $3.1 billion for 2017, from $1.9 billion last year, with nearly two-thirds earmarked for the Permian Basin in Texas.

  • WASHINGTON, Feb 27- The U.S. Federal Aviation Administration said Monday that Kenya now complies with international aviation safety standards and has been granted a Category 1 rating. With the designation, Kenyan air carriers able to secure the requisite U.S. Transportation Department authority can establish service to the United States and carry the code...

  • *UAE and Iraq pledge to catch up with output cut targets. On its second to last day as the front-month contract, Brent futures for April delivery were up 16 cents, or 0.3 percent, at $56.15 a barrel by 11:24 a.m. EST. Money managers also raised their bullish U.S. crude futures and options positions in the week to Feb. 21 to the highest on record, the U.S. Commodity Futures...

  • *Trump to address Congress on Tuesday evening. Trump's first address to a joint session of Congress on Tuesday evening is being closely watched by investors for clues on how he planned to carry out his agenda of boosting economic growth. "If we have a market that is willing to accept a roadmap that says we are going to repeal and replace Affordable Care Act and then...