Threat called in against Los Angeles Red Line commuter rail system: officials Dec 5, 2016 09:22PM

LOS ANGELES (Reuters) - Federal and local Los Angeles officials said on Monday a "specific" threat had been called in from another country against the city's Red Line commuter rail system, prompting them to alert the public.

"This threat is imminent ... it is very specific," Los Angeles Police Chief Charlie Beck told an evening press conference. "But the credibility still needs to be vetted."

(Reporting by Dan Whitcomb; Editing by Leslie Adler)


Pentagon buried study that found $125 billion in wasteful spending: Washington Post Dec 5, 2016 09:50PM

WASHINGTON (Reuters) - A Defense Department study that proposed cutting $125 billion in administrative waste from the Pentagon budget was buried amid concerns the findings would give Congress an excuse to further slash defense spending, the Washington Post reported on Monday.

The report, issued in January 2015, identified a "clear path" for the Pentagon to save $125 billion over five years by streamlining the bureaucracy through attrition and early... (continue reading...)


Amazon (AMZN) Could Open Over 2,000 Brick-and Mortar Groceries if Tests Succeed - DJ; Kroger (KR) on Watch Dec 5, 2016 05:06PM

(Updated - December 5, 2016 5:06 PM EST)

Amazon.com (NASDAQ: AMZN) is working on several grocery store formats, according to Dow Jones, citing sources. The report said Amazon envisions opening 2,000 brick-and-mortar grocery stores under its name, depending on the success of the new test locations

Traders had their eye on Kroger (NYSE: KR) and related names following the report.


Barclays' exit from energy trading stirs concerns over liquidity Dec 5, 2016 03:11PM

By Catherine Ngai and Olivia Oran

NEW YORK (Reuters) - British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices.

Wall Street firms have scaled back in commodity markets since the 2008 financial crisis from owning physical assets or... (continue reading...)


GE Power sees little sales impact if U.S. quits climate deals Dec 5, 2016 02:39PM

By Alwyn Scott

NEW YORK (Reuters) - General Electric Co's (NYSE: GE) sales of power plant upgrades would not suffer much if the United States bailed out of climate change treaties under a Trump administration as utilities still want the economic benefits that come with modernizations, GE's power services chief said on Monday.

President-elect Donald Trump has called global warming a hoax and threatened to quit climate accords, though he... (continue reading...)


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