Frontrunning: February 13

- Trump administration officials have shifted their tactical approach to North Korea after internal deliberations in recent weeks, senior officials said, closing ranks with Seoul and signaling a readiness to hold preliminary talks with Pyongyang. on.wsj.com/2ssrm9y

- General Dynamics Corp said it had agreed to buy CSRA Inc for $6.8 billion as part of the defense contractor's push into government information-technology services. on.wsj.com/2G8V2dG

 

FT

U.S. defence contractor General Dynamics Corp, has agreed to buy IT and cyber security group CSRA Inc for $9.6 billion, including debt, as dealmaking in the sector heats up following a series of major hacks in recent years.

Barclays Plc has been charged a second time by UK authorities over its 2008 emergency fundraising, raising the stakes for the British bank in its legal battle over the cash injections it arranged from Qatari investors to survive the financial crisis.

Rupert Murdoch’s Twenty-First Century Fox Inc has offered a series of steps to guarantee the editorial independence of Sky News to assuage concerns raised by the UK’s competition watchdog over the company’s bid to take full control of the pan-European broadcaster Sky.

 

NYT

- U.S. President Donald Trump sent Congress a $4.4 trillion budget proposal on Monday outlining steep cuts to domestic programs, large increases in military spending and a ballooning federal deficit that illustrates how far Republicans have strayed from their longtime embrace of balanced budgets. nyti.ms/2ChHr1f

- The Trump administration on Monday moved to repeal a rule restricting the release of planet-warming methane into the atmosphere. The rule, which applied to companies drilling for energy on federal land, has been the subject of intense court battles and delay efforts, as well as one surprise vote last year in which Senate Republicans temporarily saved it from being torpedoed. nyti.ms/2EnYdxE

- A female executive at the investment firm run by Steven Cohen said in a lawsuit that the company was a testosterone-fueled "boys' club" in which men commented on women's bodies, belittled their abilities and paid them less than their male peers. nyti.ms/2CfATQY

 

Canada

THE GLOBE AND MAIL

** The Trudeau cabinet has issued a special order to prolong Ottawa's scrutiny of a $1.5 billion takeover of Canadian infrastructure giant Aecon Group Inc by a Chinese state-owned firm, invoking a section of law used when the federal government believes an investment "could be injurious to national security." tgam.ca/2BWPXHC


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