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| BlackRock launches short-maturity bond ETF Wednesday, Sep 25, 2013 09:04 PM PDT  By Ashley Lau NEW YORK (Reuters) - BlackRock Inc, the largest provider of exchange-traded funds through its iShares business, is set to launch a new actively managed ETF focused on short-maturity bonds that will begin trading Thursday. The introduction of the iShares Short Maturity Bond ETF, which will trade under the ticker "NEAR" on the BATS Exchange, comes at a time when BlackRock and other ETF providers say concerns about rising interest rates have driven investor interest toward more short-term fixed-income securities. ... Full Story | Top |
| Lixil CEO: Grohe would be its last big M&A deal for some time Wednesday, Sep 25, 2013 09:01 PM PDT TOKYO (Reuters) - Japan's Lixil Group Corp would take a break from major acquisitions if it completes a planned $4 billion deal for European bathroom fixtures maker Grohe , the chief executive of Lixil told Reuters on Thursday. Speaking after an unrelated gathering in Tokyo, Yoshiaki Fujimori also said Lixil would not issue new shares for the acquisition, which would be financed in part by funds from the state-owned Development Bank of Japan. The Grohe deal would come on top of a string of recent acqiusitions including the $542 million purchase of U.S. ... Full Story | Top |
| Debt-wracked nations could learn from Norway, prime minister says Wednesday, Sep 25, 2013 08:43 PM PDT  By Richard Valdmanis BOSTON (Reuters) - Debt-laden European nations, the United States, and resource-rich developing countries could all learn from Norway's tight-fisted spending habits and oil wealth management, the Scandinavian nation's outgoing prime minister said on Wednesday. Jens Stoltenberg said Norway had become one of the wealthiest countries in the world mainly by refusing to spend its huge state oil revenues, instead placing them in a sovereign wealth fund and using only the annual returns. ... Full Story | Top |
| South Korea seeks stealth jet edge while North's MiGs age Wednesday, Sep 25, 2013 08:10 PM PDT  By Joyce Lee and Ju-min Park SEOUL (Reuters) - South Korea's decision to reject a bid by Boeing to supply 60 warplanes and to re-issue a tender was made in the interests of stealth technology but may not be justified given North Korea's weak air capabilities, experts said. Lockheed Martin's F-35A, previously considered too expensive, has shot to the front of the race for a multi-billion dollar deal after the Defence Ministry singled out a fifth-generation fighter as the preferred option. Boeing's F-15 Silent Eagle, the only bid within budget, had been poised to win the 8.3 trillion won ($7. ... Full Story | Top |
| Japan shares bounce, caution rules elsewhere Wednesday, Sep 25, 2013 08:10 PM PDT  By Wayne Cole SYDNEY (Reuters) - Asian share markets were left in limbo on Thursday as investors sweated out the latest battle over the U.S. budget, though Tokyo rallied as talk of a corporate tax cut resurfaced. After a weak start, Japan's Nikkei erased all its losses to be up 0.3 percent after Kyodo News reported the government would consider cutting corporate taxes, a proposal that has swung in and out of favor for weeks now. The bounce in shares in turn weighed on the yen, already pressured by Japanese selling for month and quarter-end. The dollar popped up to 99.00 yen, from an early 98. ... Full Story | Top |
| U.S. union efforts at VW plant may face hurdle after eight workers say misled Wednesday, Sep 25, 2013 08:01 PM PDT  By Bernie Woodall DETROIT (Reuters) - Eight employees at Volkswagen AG's Tennessee plant have said they were misled into endorsing the United Auto Workers, handing some ammunition to opponents of the union's efforts to organize for the first time at a foreign-owned U.S. factory. The UAW has countered that the complaints, which were filed with the National Labor Relations Board, are a "frivolous and baseless" attempt to delay negotiations between the union and Volkswagen. The complaints challenge the validity of cards signed by the workers. ... Full Story | Top |
| Data brokers D&B, LexisNexis, Altegrity report cyber attacks Wednesday, Sep 25, 2013 07:41 PM PDT By Jim Finkle BOSTON (Reuters) - Three major U.S. data providers said on Wednesday they were victims of cyber attacks, after a cybersecurity news website linked the breaches to a group that sells stolen social security numbers and other sensitive information. An FBI spokeswoman said the bureau was investing the breaches but declined to elaborate. The disclosures, by Dun & Bradstreet Corp, Altegrity Inc's Kroll Background America Inc and Reed Elsevier's LexisNexis Inc, came after website KrebsOnSecurity first reported the breaches. ... Full Story | Top |
| New Zealand shrugs off America's Cup loss Wednesday, Sep 25, 2013 07:33 PM PDT  By Greg Stutchbury WELLINGTON (Reuters) - New Zealand Prime Minister John Key summed up the feelings of his country when their America's Cup team were beaten by Oracle Team USA in the winner-take-all showdown in San Francisco on Thursday. "Bugger," he Tweeted from New York. In a taciturn country where one word is more than enough to convey the gamut of emotions, it said it all. Frustration, disappointment and, ultimately, resigned acceptance. ... Full Story | Top |
| Sailing-New Zealand shrugs off America's Cup loss Wednesday, Sep 25, 2013 07:29 PM PDT By Greg Stutchbury WELLINGTON, Sept 26 (Reuters) - New Zealand Prime Minister John Key summed up the feelings of his country when their America's Cup team were beaten by Oracle Team USA in the winner-take-all showdown in San Francisco on Thursday. "Bugger," he Tweeted from New York. In a taciturn country where one word is more than enough to convey the gamut of emotions, it said it all. Frustration, disappointment and, ultimately, resigned acceptance. ... Full Story | Top |
| Larry Ellison glows under shine of America's Cup Wednesday, Sep 25, 2013 07:29 PM PDT  By Noel Randewich SAN FRANCISCO (Reuters) - For Larry Ellison, the only thing better than winning the America's Cup is winning it against all odds. Ellison's Oracle Team USA was within an inch of losing the world's oldest international sporting trophy to Emirates Team New Zealand just a week ago, only to come back on Thursday with the eighth straight race it needed to retain the Cup. The epic battle over the past few days has been a major vindication of the Silicon Valley entrepreneur's much-maligned vision of how to modernize the competition. ... Full Story | Top |
| Lixil reaches basic agreement to buy Grohe for $4 billion: Lixil CEO Wednesday, Sep 25, 2013 06:58 PM PDT TOKYO (Reuters) - Japan's Lixil Group Corp has reached a basic agreement to buy Grohe , Europe's biggest bathroom equipment maker, for about 400 billion yen ($4.05 billion), Lixil Chief Executive Yoshiaki Fujimori said on Thursday. He added that the deal was expected to be announced later in the day. Fujimori's comments followed a report in the Nikkei business newspaper that Lixil would announce a deal to buy Grohe from TPG Capital and the private equity arm of Credit Suisse on Thursday. ... Full Story | Top |
| Capping an epic comeback, Oracle wins the America's Cup Wednesday, Sep 25, 2013 06:56 PM PDT  By Jonathan Weber SAN FRANCISCO (Reuters) - Oracle Team USA prevailed in a dramatic winner-take-all showdown with Emirates Team New Zealand on Wednesday to win the 34th America's Cup, completing a stirring comeback that helped make the once-troubled event among the most exciting in sailing history. For Oracle and its hard-charging skipper, Jimmy Spithill, the win was an extraordinary sporting triumph, one that saw the team climb back from a seemingly insurmountable 8-1 deficit in the best-of-17 series to keep the trophy it won three years ago. ... Full Story | Top |
| Sailing-Capping an epic comeback, Oracle wins the America's Cup Wednesday, Sep 25, 2013 06:45 PM PDT By Jonathan Weber SAN FRANCISCO, Sept 25 (Reuters) - Oracle Team USA prevailed in a dramatic winner-take-all showdown with Emirates Team New Zealand on Wednesday to win the 34th America's Cup, completing a stirring comeback that helped make the once-troubled event among the most exciting in sailing history. For Oracle and its hard-charging skipper, Jimmy Spithill, the win was an extraordinary sporting triumph, one that saw the team climb back from a seemingly insurmountable 8-1 deficit in the best-of-17 series to keep the trophy it won three years ago. ... Full Story | Top |
| Exclusive: Nokia weighs Alcatel tie-up after Microsoft deal - sources Wednesday, Sep 25, 2013 06:28 PM PDT  By Nadia Damouni and Ritsuko Ando NEW YORK/HELSINKI (Reuters) - Nokia is discussing internally whether to approach French rival Alcatel-Lucent about a tie-up, part of the Finnish company's review of how it can grow after the planned sale of its handset business to Microsoft Corp, several people close to the matter said. No formal talks are underway with Alcatel-Lucent, the sources said. ... Full Story | Top |
| Batman's crime-ridden Gotham metropolis comes to Fox TV Wednesday, Sep 25, 2013 06:22 PM PDT LOS ANGELES (Reuters) - Batman's crime-ridden gritty fictional metropolis of Gotham City will be the focus of a new Fox drama, the latest comic book-inspired series to tap superheroes' ability to draw audiences to both film and TV. Fox described its new show "Gotham" as "the origin stories of Commissioner James Gordon and the villains that made Gotham famous," the network said on Wednesday. Gordon is the police commissioner of Gotham City, and often supports Batman to defeat the city's villains. ... Full Story | Top |
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