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Argentines, bond holdouts seen emerging from NY meeting: witness

(Reuters) – Argentine officials and representatives for the holdout investors it has battled for years over its catastrophic 2002 default were seen emerging from the offices of a court-appointed mediator in New York on Friday, according to a Reuters witness. … Continue reading

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Argentines, bond holdouts emerge from NY meeting, no resolution

NEW YORK (Reuters) – Argentine officials and the holdout investors it has battled for years over its catastrophic 2002 default met separately with a court-appointed mediator on Friday, emerging after five hours of discussions without a resolution. This is the … Continue reading

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U.S. cupcake chain Crumbs may reopen with new owners

(Reuters) – Crumbs Bake Shop Inc may get a second chance if a bankruptcy judge approves a deal for the owner of Dippin’ Dots ice cream and the star of a reality television show to buy and reopen the U.S. … Continue reading

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Apple iPhone a danger to China national security: state media

BEIJING (Reuters) – Chinese state media branded Apple Inc’s iPhone a threat to national security because of the smartphone’s ability to track and time-stamp user locations. A report by broadcaster CCTV on Friday criticized the iPhone’s “Frequent Locations” function for … Continue reading

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Ukraine jets pound rebels after deadly missile attack

KIEV (Reuters) – Ukrainian war planes bombarded separatists along a broad front on Saturday, inflicting huge losses, Kiev said, after President Petro Poroshenko said “scores and hundreds” would be made to pay for a deadly missile attack on Ukrainian forces. … Continue reading

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Aerospace jamboree on tenterhooks over F-35 fighter, Airbus jet revamp

LONDON (Reuters) – Suspense over the appearance of America‚Äôs newest combat jet, a diplomatic chill between the West and Russia and the re-launch of an Airbus jet with a surprise tweak in its name could make the Farnborough Airshow one … Continue reading

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Acquisition talks show Reynolds’ taste for menthol

NEW YORK (Reuters) – The enduring popularity of menthol may be a big motivator behind Reynolds American Inc’s (RAI.N) interest in buying smaller rival Lorillard Inc (LO.N), which has the best-selling U.S. cigarette brand with the additive. While potential cost … Continue reading

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Merkel blasts U.S. spying, hopes Washington will change tack

BERLIN (Reuters) – Angela Merkel said on Saturday that new allegations of U.S. spying showed Berlin and Washington were completely at odds over how they viewed the role of intelligence, and she hoped German action would persuade the United States … Continue reading

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Exclusive: Mylan near multibillion-dollar deal for Abbott drug assets

NEW YORK (Reuters) – U.S. generic drugmaker Mylan Inc is in advanced talks to acquire a multibillion-dollar portfolio of established products from Abbott Laboratories, people familiar with the matter said. The proposed transaction, which is in late-stage discussions, would see … Continue reading

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Fed fears risks posed by exit tools; plan almost done

JACKSON HOLE Wyoming (Reuters) – Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis. … Continue reading

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