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Negotiations for a vast US-EU trade pact, which aims to create a free-trade zone covering 850 million people, are likely to grind to a halt because of Washington's reluctance to make concessions, a top French trade official warned Tuesday. "In view of the United States' state of mind today, that seems to be the most likely option," minister of state for trade Matthias Fekl told French radio when asked if the talks on a Transatlantic Trade and Investment Partnership, which began in 2013, could stop. Fekl's comments reflect deep suspicion in Europe that the deal will erode ecological and health regulations to the advantage of big business.
Electronics giant Philips announced Tuesday it was floating its lighting arm on the stock market in a "historic" initial public offering, aiming to spin off at least a quarter of the division's shares. "The offering would consist of a sale of existing shares only held by Royal Philips, the current sole shareholder of Philips Lighting. The offering and listing, and their timing, are subject to, among other factors, market conditions," the Amsterdam-based Philips said in a statement.
ASHLAND, Ky. (AP) — When President Bill Clinton rolled into the small Appalachian town of Ashland, Kentucky, in 1996, cheering crowds lined the streets. Local boy turned country music star Billy Ray Cyrus performed a special version of his hit, "Achy Breaky Heart." And nearly 20,000 supporters attended a riverfront re-election rally, dozens collapsing from heat exhaustion in the August sun.