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| KKR, Carlyle said to eye bids for SingTel's $1.9 billion Australia unit Tuesday, May 28, 2013 09:26 PM PDT  By Stephen Alder and Saeed Azhar HONG KONG/SINGAPORE (Reuters) - Private equity firms KKR and Carlyle Group are among the suitors lining up bids for Singapore Telecommunications Ltd's Australian unit, Optus Satellite, people familiar with the matter said, a business valued at more than A$2 billion ($1.9 billion). SingTel, Southeast Asia's largest telecom operator, is battling tepid growth in its key markets of Singapore and Australia, and the funds raised from the sale would help it plough cash into faster-growing businesses. ... Full Story | Top |
| Dry ice likely led to evacuation at California's Disneyland Tuesday, May 28, 2013 09:21 PM PDT  LOS ANGELES (Reuters) - What sounded like a small explosion on Tuesday in a trash can at Disneyland in California appears to have come from dry ice in a plastic bottle and may have been a prank, police said. Walt Disney Co evacuated a section of the theme park called Mickey's Toontown but allowed visitors to return within hours, Anaheim police spokesman Sergeant Bob Dunn said. "What we found was indicative of dry ice," Dunn said. He added that a plastic bottle believed to have contained the material was located. ... Full Story | Top |
| CA-BUSINESS Summary Tuesday, May 28, 2013 09:18 PM PDT Asian shares pause as U.S. rally raises Fed QE doubts TOKYO (Reuters) - Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent at 467.33, moving towards Friday's five-week low of 464.99. ... Full Story | Top |
| Analysis: P&G all-star board's oversight questioned as CEO departs Tuesday, May 28, 2013 09:17 PM PDT  By Ross Kerber and Nadia Damouni and Jessica Wohl (Reuters) - The sudden exit of Procter & Gamble Co's Bob McDonald as chief executive and the return of former CEO A.G. Lafley in his place has raised questions about the vigilance of one of America's highest-profile corporate boards. On paper at least, P&G, the maker of a myriad of household products such as Crest toothpaste and Tide detergent, has one of the strongest boards in the world with CEOs from six other companies among its 12 members, including three from companies in the Dow Jones industrial average. ... Full Story | Top |
| Sister of Boston bomb suspects pleads not guilty in drug case Tuesday, May 28, 2013 08:56 PM PDT By David Jones NEWARK, New Jersey (Reuters) - A sister of the Boston Marathon bombing suspects pleaded not guilty on Tuesday in a Hackensack, New Jersey, court to marijuana-related charges, her attorney said. Bella Tsarnaeva, 24, was arrested in December 2012 at her Fairview, New Jersey, apartment after police responded to a call about a domestic disturbance and found what they said was marijuana, said her attorney, Mario Blanch. The Record said police searched the apartment after smelling marijuana and that Tsarnaeva was charged with possession of marijuana with intent to distribute. ... Full Story | Top |
| China army to conduct first "digital" exercise Tuesday, May 28, 2013 08:52 PM PDT  BEIJING (Reuters) - China will next month conduct its first "digital" technology military exercise, state media said on Wednesday, against growing concern in Washington and elsewhere about Chinese hacking attacks. A brief report by the official Xinhua news agency said the exercise, in north China's remote Inner Mongolia region, will "test new types of combat forces including units using digital technology amid efforts to adjust to informationalized war". ... Full Story | Top |
| Sprint, SoftBank reach deal with U.S. over security concerns Tuesday, May 28, 2013 08:44 PM PDT  By Alina Selyukh and Nathan Layne WASHINGTON/TOKYO (Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, people familiar with the matter said. As a part of that agreement, the U.S. government will have a veto over new equipment purchases by Sprint in certain circumstances if the two companies merge, one source said. ... Full Story | Top |
| Apple CEO sees more 'gamechangers'; hints at wearable devices Tuesday, May 28, 2013 08:43 PM PDT  By Alexei Oreskovic RANCHOS PALOS VERDES, California (Reuters) - Apple Inc Chief Executive Tim Cook said on Tuesday he expects the iPhone and iPad maker would be responsible for "several more gamechangers" and that wearable computers could be the next big thing. "It's an area where it's ripe for exploration," Cook told an All Things Digital conference, an annual gathering of technology and media executives in the California coastal resort town of Rancho Palos Verdes. "It's ripe for us all getting excited about. I think there will be tons of companies playing in this. ... Full Story | Top |
| US-INDUSTRY Summary Tuesday, May 28, 2013 08:32 PM PDT Murdoch aims to defy naysayers with new News Corp (Reuters) - Rupert Murdoch tried to convince Wall Street on Tuesday that there is still money to be made in newspapers, reminding investors that he had defied skeptics over the past 60 years to build one of the world's biggest media empires. As News Corp prepares to separate its publishing business from its entertainment assets, Murdoch said that while some brands face individual challenges, as a whole the publishing portfolio is "undervalued and underdeveloped. ... Full Story | Top |
| Attorney general signed off on Fox phone records subpoena Tuesday, May 28, 2013 08:32 PM PDT  By Mark Hosenball WASHINGTON (Reuters) - Attorney General Eric Holder personally approved a decision to subpoena Fox News telephone records as the Justice Department investigated an unauthorized leak regarding North Korea, officials said on Tuesday. The Justice Department did not mention the subpoena when it issued a statement on Friday describing how Holder had vetted a decision to seek a search warrant for the contents of an email account used by Fox News reporter James Rosen. ... Full Story | Top |
| Boeing tanker plane on track for July review Tuesday, May 28, 2013 08:32 PM PDT  By Andrea Shalal-Esa WASHINGTON (Reuters) - A Boeing program for an aerial tanker that will refuel other warplanes mid-flight is nearly ready for a major design review likely to occur in July, a U.S. Air Force official told Reuters last week. The review will pave the way for production of the first planes in the $52 billion KC-46 tanker program, which is based on Boeing's commercial 767 airplane. ... Full Story | Top |
| Nike drops partnership with Lance Armstrong-founded charity Tuesday, May 28, 2013 08:21 PM PDT By Phil Wahba May 28 (Reuters) - Nike Inc is dropping its partnership with the Livestrong Foundation, the cancer charity founded by disgraced cyclist Lance Armstrong, the latest repercussion from the doping scandal that last year stripped him of his titles. Nike said on Tuesday it would end production of its Livestrong gear and apparel after the 2013 holiday line, concluding a long-standing licensing agreement for footwear and apparel between the two that helped Livestrong raise a total of $100 million over the course of the partnership. ... Full Story | Top |
| Asian shares pause as U.S. rally raises Fed QE doubts Tuesday, May 28, 2013 08:12 PM PDT  By Chikako Mogi TOKYO (Reuters) - Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent at 467.33, moving towards Friday's five-week low of 464.99. But losses were limited, with sentiment underpinned by the rise in the Dow Jones industrial average to another record high on Tuesday after data showed U.S. ... Full Story | Top |
| IMF cuts China growth outlook, urges cap on social financing Tuesday, May 28, 2013 07:36 PM PDT  BEIJING (Reuters) - The International Monetary Fund cut its growth forecast for China this year to 7.75 percent from a previous 8 percent, citing a weak world economy and exports, and said the country's priority should be on reining in social financing growth. The IMF also recommended China conduct fiscal stimulus if growth falls below the IMF's forecast, David Lipton, the first managing director of the IMF, told a media briefing on Wednesday. ... Full Story | Top |
| Morgan Stanley property unit to raise up to $3 billion global fund: WSJ Tuesday, May 28, 2013 07:33 PM PDT  (Reuters) - Morgan Stanley's real estate unit, Morgan Stanley Real Estate Funds, is looking to raise between $1 billion and $3 billion for a global property fund, the Wall Street Journal reported, citing people familiar with the discussions. Morgan Stanley executives have begun talks with pension funds and other prospective investors, and are hoping that China Investment Corp will become an anchor investor, the Journal reported. China Investment, a huge government-run fund, owns a 6.4 percent stake in Morgan Stanley, according to Reuters data. ... Full Story | Top |
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