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| CA-BUSINESS Summary Wednesday, Apr 03, 2013 07:41 PM PDT North Korea eyed as Asian shares ease on weak U.S. data TOKYO (Reuters) - Investors nervously watched developments in the Korean Peninsula on Thursday while Asian stocks fell after weak data stoked concerns the key American jobs report due later in the week will signal slowing U.S. growth. Japanese shares slipped while the yen held firm against the dollar as investors awaited the outcome of the Bank of Japan's two-day policy meeting this session. TSX erases 2013 gains after weak U.S. ... Full Story | Top |
| North Korea eyed as Asian shares ease on weak U.S. data Wednesday, Apr 03, 2013 07:41 PM PDT  By Chikako Mogi TOKYO (Reuters) - Investors nervously watched developments in the Korean Peninsula on Thursday while Asian stocks fell after weak data stoked concerns the key American jobs report due later in the week will signal slowing U.S. growth. Japanese shares slipped while the yen held firm against the dollar as investors awaited the outcome of the Bank of Japan's two-day policy meeting this session. The dollar recovered against a basket of major currencies to inch up 0.1 percent and also rose against the Korean won, although the dollar's rise sent spot gold to a 10-month low of $1,542. ... Full Story | Top |
| U.S. sees Australia decision on F/A-18 jets by summer Wednesday, Apr 03, 2013 07:30 PM PDT  By Andrea Shalal-Esa NAVAL AIR STATION PATUXENT RIVER, Maryland (Reuters) - Australia is expected to decide on the purchase of up to 24 additional Boeing Co F/A-18 fighter jets by late spring or early summer, according to the U.S. Navy captain who runs the foreign fighter jet sales program on behalf of the Pentagon. A number of buyers in Asia and the Middle East remain interested in the warplane, and the Navy is also staying in "pretty close touch" with Brazil, said Captain Frank Morley, program manager for the F/A-18 Hornet, Super Hornet and Growler electronic attack versions of the plane. ... Full Story | Top |
| Crest offers Clearwire alternative to Sprint finance plan Wednesday, Apr 03, 2013 05:58 PM PDT  (Reuters) - Crest Financial Ltd, the largest minority shareholder in Clearwire Corp, proposed a convertible debt financing plan aimed at making the wireless service provider less dependent on majority owner Sprint Nextel . In a letter to Clearwire's board on Wednesday, Crest proposed $240 million of financing through a convertible debt facility that it said would provide Clearwire with enough capital to build out 2,000 new generation network sites as planned and to pay its interest expenses in 2013. ... Full Story | Top |
| Detroit Electric unveils $135,000 battery-powered sports car Wednesday, Apr 03, 2013 05:35 PM PDT  By Paul Lienert DETROIT (Reuters) - Detroit Electric, a startup electric-car maker reviving a brand that dates back more than a century, unveiled its first model on Wednesday: a $135,000, battery-powered sports car that is to go into limited production in August. Founded more than five years ago, Detroit Electric enters a still-nascent market that is struggling to find buyers. One of its would-be rivals, Fisker Automotive, a hybrid-electric sports-car company that hasn't built a car since last summer, has hired a law firm to advise on a possible bankruptcy filing. ... Full Story | Top |
| Judge rejects Chevron subpoena of advocacy group in Ecuador case Wednesday, Apr 03, 2013 04:57 PM PDT  By Braden Reddall SAN FRANCISCO (Reuters) - A U.S. judge has rejected efforts by Chevron Corp to secure documents from a California environmental advocacy group in a fraud case related to a $19 billion award for rainforest pollution in Ecuador. Magistrate Judge Nathanael Cousins on Wednesday quashed Chevron's subpoena for a deposition and documents from Amazon Watch, which the group's own lawyer described as the U.S. oil company's "sharpest critic. ... Full Story | Top |
| US-INDUSTRY Summary Wednesday, Apr 03, 2013 04:24 PM PDT Disney to shut LucasArts games studio, lay off workers LOS ANGELES/SAN FRANCISCO (Reuters) - Walt Disney Co plans to shut the 30-year-old LucasArts studio it inherited with the acquisition of George Lucas' film company last year, and focus on licensing its "Star Wars" brand externally, a spokesman said on Wednesday. The closure will involve an unknown number of layoffs. A "small team" will remain to handle licensing partnerships but all inhouse development has been halted, including its much-anticipated title "Star Wars 1313", said Miles Perkins, a spokesman for Lucasfilm Ltd. ... Full Story | Top |
| Bank of England set to keep policy steady despite new remit Wednesday, Apr 03, 2013 04:17 PM PDT  By David Milliken LONDON (Reuters) - The Bank of England is unlikely to pump fresh money into Britain's stagnant economy on Thursday, despite a new remit that gives it extra leeway to disregard above-target inflation. Chancellor George Osborne tweaked the central bank's mandate two weeks ago, giving it stronger backing to continue ignoring inflation when it overshoots its target due to one-off factors. But only a handful of economists polled by Reuters last week expect the central bank to add this month to the 375 billion pounds of government bonds it bought between March 2009 and October ... Full Story | Top |
| Exclusive: TPG, Madison Dearborn final bidders for NFP - sources Wednesday, Apr 03, 2013 03:59 PM PDT By Jessica Toonkel and Greg Roumeliotis NEW YORK (Reuters) - Private equity firms TPG Capital and Madison Dearborn Partners are the two finalists bidding for National Financial Partners , a New York-based wealth management company with a market value of nearly $900 million, people familiar with the matter said. NFP - run by Jessica Bibliowicz, the daughter of former Citigroup chief Sandy Weill - could be valued at around $1 billion in a deal, the people said on Wednesday, asking not to be named because details of the auction are confidential. ... Full Story | Top |
| Phillips 66 seeks permit for facility to receive crude by rail Wednesday, Apr 03, 2013 03:26 PM PDT By Kristen Hays HOUSTON (Reuters) - Phillips 66 is seeking a permit to build an offloading facility at its Washington State refinery to increase rail shipments of cheap inland U.S. and heavy Canadian crude. The permit application, filed this week with Washington's air pollution regulator, came as crude-by-rail has gained scrutiny because of two derailments of Canadian Pacific Railway trains where cars carrying crude leaked. One of those derailments occurred on Wednesday morning in northern Ontario, where two of 20 cars that went off the tracks leaked crude oil. CP said the oil was contained. ... Full Story | Top |
| Exxon replacing oiled Arkansas lawns, ruptured pipeline still shut Wednesday, Apr 03, 2013 03:15 PM PDT  By Kristen Hays HOUSTON (Reuters) - Exxon Mobil Corp on Wednesday was digging out oiled lawns to replace them with fresh sod in an Arkansas neighborhood where a crude oil pipeline ruptured last week, but the line remained shut with no estimate of when it would restart, the company said. While response crews had begun removing oiled dirt and grass around houses in the subdivision, a plan to excavate the area around the pipeline breach remained under development for U.S. regulators' review. ... Full Story | Top |
| Wall Street drops on signs of weak economy, North Korea Wednesday, Apr 03, 2013 03:07 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Stocks fell on Wednesday, with the S&P 500 index posting its biggest daily decline in more than a month, after a weaker-than-expected survey of private employers raised concerns about the strength of the economy. News the Pentagon was sending a missile defense system to Guam in the coming weeks and remarks by Defense Secretary Chuck Hagel that North Korea posed a "real and clear" danger added to investor caution. ... Full Story | Top |
| Jimmy Fallon to succeed Jay Leno as "Tonight Show" host Wednesday, Apr 03, 2013 02:44 PM PDT  By Chris Michaud NEW YORK (Reuters) - Jimmy Fallon will take over from veteran Jay Leno next year as host of the NBC flagship talk program "The Tonight Show," NBC said on Wednesday, bringing a younger feel to the competitive late-night landscape on U.S. television. Leno, 62, will wrap up what will be 22 years as host of "The Tonight Show" in the spring of 2014 - some seven months before his contract was officially due to end. ... Full Story | Top |
| Air Canada planes fly fuller, WestJet's slightly emptier Wednesday, Apr 03, 2013 02:11 PM PDT  (Reuters) - Air Canada, Canada's biggest airlines, said passenger levels for March remained strong compared to a year earlier, while the country's No. 2 carrier, WestJet Airlines, reported a fall in its numbers. Air Canada said its load factor, or the percentage of available seats filled with paying customers, rose to 83.5 percent in March from 81.5 percent a year earlier. Traffic increased faster, by 3.4 percent, as the capacity, or available seat miles, rose 1.0 percent. The company reported increased traffic in the domestic, the Pacific and the U.S. trans-border markets. ... Full Story | Top |
| Tesla to map out service, charging strategy this month Wednesday, Apr 03, 2013 02:02 PM PDT  By Deepa Seetharaman DETROIT (Reuters) - Tesla Motors Inc will unveil details about its revamped dealer service and expanded network of fast-charging stations this month in a series of moves the 10-year-old company plans to boost its sales. The maker of the Model S electric sedan will discuss its effort to improve on its service next week, Chief Executive Elon Musk told Reuters in an interview. "I'm an engineer, so service is not something that I naturally do," Musk said late on Tuesday. "But it's the right thing for the company and I think we have the opportunity to re-engineer service. ... Full Story | Top |
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