Pressure on U.S. to Update Terror Alert System After U.K. Raises Terror Threat Level
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
All eyes are on the U.S. to issue a public terror threat alert after key ally, The United Kingdom, raised its terror threat level to 'Severe' from 'Significant' on Friday.
This is the U.K.'s second highest level and comes amid new intelligence from Syria and Iraq, although no specific plot was known.
"The increase in the threat level is related to developments in Syria and Iraq where terrorist groups are planning attacks against the West,” U.K. Home Secretary Theresa May said in a statement today. "Some of those plots are likely to involve foreign fighters who have traveled there from the U.K. and Europe to take part in those conflicts.”
The move puts pressure on the U.S. to issue an alert from the National Terrorism Advisory System (NTAS). The NTAS replaced the color-coded Homeland Security Advisory System introduced during the Bush administration following the events of 9/11. To date, the NTAS has not issued a terror alert.
Speculation about an increased U.S. level followed recent comments from U.S. Defense Secretary Chuck Hagel last week on islamic extremist group ISIS. "This is beyond anything that we've seen," Hagel said. He said ISIS is not just a terrorist group and posses a bigger threat than al Qaeda.
"ISIL is as sophisticated and well-funded as any group that we have seen," according to Hagel. "They marry ideology, a sophistication of strategic and tactical military prowess. They are tremendously well-funded."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sunshine Heart (SSH) Adds to Thursday's Big Gains
- Stocks with call price movement; DB GM
- Wynn Resorts (WYNN) volatility elevated, Macau denies report of daily ATM withdrawal limit, Bloomberg reports
Create E-mail Alert Related CategoriesGeneral News, Trader Talk
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!