Monday, March 17, 2014

Daily News: Reuters Business News Headlines - Fashion's L'Wren Scott found dead in NYC in apparent suicide

Monday, Mar 17, 2014 09:13 PM PDT
Today's Reuters Business News Headlines - Yahoo News:

Fashion's L'Wren Scott found dead in NYC in apparent suicide 
Monday, Mar 17, 2014 09:13 PM PDT
Musician Mick Jagger and designer L'Wren Scott pose following her Fall/Winter 2012 collection during New York Fashion WeekBy Patricia Reaney NEW YORK (Reuters) - Celebrated fashion designer L'Wren Scott, the girlfriend of Rolling Stones singer Mick Jagger, was found dead from an apparent suicide in her Manhattan apartment on Monday, police said. Scott, a former model whose slim-fitting dresses were favorites among Hollywood's A-list stars such as Nicole Kidman, Amy Adams and Penelope Cruz, was found hanging from a scarf. Police said they had preliminary information that Scott was 49, although that had not been confirmed by her family.
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ACLU cites free speech in suit against Idaho's 'ag gag' law 
Monday, Mar 17, 2014 08:47 PM PDT
By Laura Zuckerman SALMON, Idaho (Reuters) - The American Civil Liberties Union of Idaho on Monday asked a federal judge to strike down a state law it says violates constitutional rights to free speech by banning the documentation of animal abuse at livestock operations. The law in Idaho, which makes it illegal to take photos or videos at farms or slaughterhouses without the operators' permission, was passed last month by the Republican-led state legislature and signed by Governor C.L. "Butch" Otter. Lawmakers who support the law say it is necessary to protect the agricultural industry, which adds billions of dollars to the Idaho economy, from unfair and biased investigations. But the ACLU, animal rights group PETA, the Center for Food Safety and other environmental and political groups argued in the lawsuit filed in U.S. District Court in Boise on Monday that the law violates free speech rights enshrined in the U.S. constitution.
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China starts search for missing jet in Chinese territory 
Monday, Mar 17, 2014 08:30 PM PDT
BEIJING (Reuters) - China has begun to searching for a missing Malaysia Airlines jet with 239 passengers and crew on board in Chinese territory which covers a northern corridor through which the aircraft could have flown, said state news agency Xinhua on Tuesday, quoting Chinese Ambassador to Malaysia Huang Huikang. (Reporting by Li Hui and Ben Blanchard; Editing by Michael Perry)
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Asian shares rise as Crimea tensions ease, Fed in focus 
Monday, Mar 17, 2014 08:22 PM PDT
A man is reflected in a stock quotation board outside a brokerage in TokyoBy Lisa Twaronite TOKYO (Reuters) - Asian shares rose on Tuesday and the yen remained well off recent highs as the threat of immediate military conflict in Ukraine receded, though investors remained cautious ahead of this week's U.S. Federal Reserve policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan added about 0.3 percent. The United States and the European Union imposed sanctions, including asset freezes and travel bans, on a small group of officials from Russia and Ukraine after the weekend referendum. "In immediate focus is Russian president Putin's speech later today.
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Pegatron expanding China capacity to manufacture iPhone 6: report 
Monday, Mar 17, 2014 08:19 PM PDT
Taiwan's Pegatron Corp, which assembles Apple Inc's iPhone and iPad, is opening up new factory space and recruiting workers in China to meet orders to manufacture the new iPhone 6, Commercial Times reported. In addition to Pegatron, fellow Taiwanese contract assembler Hon Hai Precision Industry Co Ltd would be the other primary manufacturer of the new phone, Commercial Times said.
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China rules out hijack, attack by Chinese passengers on Malaysian jet 
Monday, Mar 17, 2014 08:18 PM PDT
There is no evidence Chinese passengers were involved in a hijack or terror attack on a Malaysia Airlines flight that vanished 10 days ago, state media quoted China's ambassador to Malaysia as saying on Tuesday. Ambassador Huang Huikang told Chinese reporters that Beijing had carried out a detailed investigation of the Chinese passengers and could rule out their involvement, state television said on one of its official microblogs. No trace of flight MH370 has been found since it vanished soon after taking off from Kuala Lumpur bound for Beijing early on March 8 with 239 passengers and crew on board. Huang said there were multiple reasons for the confusion and rumors about what had happened to the aircraft, including Malaysia's "lack of experience".
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Planning could hold key to disappearance of Flight MH370 
Monday, Mar 17, 2014 07:46 PM PDT
A man stands in front of a board with messages of hope and support for the passengers of the missing Malaysia Airlines MH370 at the departure hall of the Kuala Lumpur InternationalBy Siva Govindasamy and Tim Hepher KUALA LUMPUR (Reuters) - Whoever reached across the dimly lit cockpit of a Malaysia Airlines jet and clicked off a transponder to make Flight MH370 vanish from controllers' radars flew the plane into a navigational and technical black hole. Understanding the sequence that led to the unprecedented plane hunt widening across two vast tracts of territory north and south of the Equator is key to grasping the motives of what Malaysian authorities suspect was hijacking or sabotage. Two minutes later, at 1.21 a.m. local time, the transponder - a device identifying jets to ground controllers - was turned off in a move that experts say could reveal a careful sequence. The radio call does not prove it was the co-pilot who turned off the transponder.
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Air Canada suspends flights to Caracas 
Monday, Mar 17, 2014 07:18 PM PDT
(Reuters) - Air Canada has suspended flights to Caracas until further notice citing the ongoing civil unrest in Venezuela, and said it could no longer ensure the safety of its operation. The airline, which operates three return flights weekly between Toronto and Caracas, said the suspension is effective March 18. Since early February, students and hardline opposition leaders have been calling supporters onto the streets to protest against Venezuela's President Nicolas Maduro and his socialist government. Airlines have struggled to obtain dollars in exchange for the bolivar currency as a result of long-running delays in Venezuela's 11-year-old currency control system.
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Malaysian jet probe looks at suicide as possible motive 
Monday, Mar 17, 2014 06:22 PM PDT
Malaysia Airlines Boeing 777-200ER flight MH318 to Beijing sits on the tarmac at Kuala Lumpur International AirportNo trace of Malaysia Airlines Flight MH370 has been found since it vanished on March 8 with 239 people aboard. A search of unprecedented scale involving 26 countries is under way, covering an area stretching from the shores of the Caspian Sea in the north to deep in the southern Indian Ocean. Airline chief executive Ahmad Jauhari Yahya also told a news conference on Monday that it was unclear exactly when one of the plane's automatic tracking systems had been disabled, appearing to contradict comments by government ministers at the weekend. Suspicions of hijacking or sabotage had hardened further when officials said on Sunday that the last radio message from the plane - an informal "all right, good night" - was spoken after the tracking system, known as "ACARS", was shut down.
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Australia's David Jones to assess $3 billion Myer merger 
Monday, Mar 17, 2014 05:52 PM PDT
Pedestrians walk past a David Jones department store in central MelbourneDavid Jones Ltd , Australia's second-biggest department store chain, said it will investigate the value of a proposed merger with Myer Holdings Ltd , the strongest sign yet that it will consider the A$3.4 billion ($3.09 billion) deal. A day before it reports half-yearly earnings, David Jones on Tuesday said it had hired management consultant Port Jackson Partners Ltd to assess the value of "synergies that can be extracted if David Jones and Myer were to merge". David Jones rejected a takeover bid from larger rival Myer last year but Myer in February asked the Sydney-based upmarket retailer to reconsider the offer. David Jones said it would conduct due diligence on Myer if discussions progressed, requiring the Melbourne-based company's cooperation.
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Texas man killed in cinema parking lot after argument about movie 
Monday, Mar 17, 2014 05:49 PM PDT
AUSTIN, Texas (Reuters) - A man who argued with two other movie goers about the ending of a film was struck outside the cinema by a truck driven by his adversaries and killed, the Harris County Sheriff's Office said on Monday. The men's discussion of the film grew more heated as the three left the theater and went to the parking lot after the late Sunday evening film. Two of the men then got into a pickup truck. "The driver of the truck put the vehicle in reverse striking the victim and knocking him to the ground," it said. The truck then sped away. ...
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Men from Ukraine and New York indicted in U.S. cybercrime case 
Monday, Mar 17, 2014 05:47 PM PDT
A man walks past a Citibank branch in lower Manhattan, New YorkBy Jonathan Stempel (Reuters) - Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institutions and the Department of Defense's payroll service. ...
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As email threats multiply, funds pick up Proofpoint 
Monday, Mar 17, 2014 05:46 PM PDT
A resident reads emails at a makeshift internet cafe in front of the presidential palace in Port-au-PrinceBy David Randall NEW YORK (Reuters) - The last time email could be called a sexy business, Facebook founder Mark Zuckerberg was celebrating his tenth birthday. Yet Proofpoint Inc, a $1.6 billion market cap email security company, is catching the eye of fund managers by gaining share in a market that many investors have left for dead. Twenty-six small-cap funds added Proofpoint to their portfolios over the last quarter, a nearly 15 percent increase from the quarter before, Morningstar data show. ...
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U.S. administration says Obamacare enrollment tops 5 million 
Monday, Mar 17, 2014 05:21 PM PDT
Cathey Park shows her cast signed by U.S. President Obama after he spoke about health insurance at Faneuil Hall in BostonBy David Morgan WASHINGTON (Reuters) - More than 5 million people have enrolled in private health insurance under the law known as Obamacare since open enrollment began on October 1, the Obama administration said on Monday. With the March 31 enrollment deadline only two weeks away, a top administration official reported a big upswing in public interest in subsidized health insurance and said traffic on the federal website HealthCare.gov reached 1 million visitors over the weekend. The 5 million enrollee total marked an increase of at least 800,000 people since March 1, indicating that total enrollment could approach the 6 million figure estimated by the nonpartisan Congressional Budget Office if enrollment surges in the final weeks as administration officials have predicted. The CBO initially forecast 7 million enrollees in private health coverage, but scaled back its estimate after technical problems with the rollout that continue to afflict Obamacare insurance marketplaces operated by several states.
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Ex-BofA banker pleads guilty to theft, gets prison: Massachusetts AG 
Monday, Mar 17, 2014 05:21 PM PDT
A sign for a Bank of America office is pictured in Burbank, CaliforniaA former personal banker at Bank of America Corp pleaded guilty on Monday to stealing more than $2.1 million from 31 people in a Ponzi-like scheme, and was sentenced to between three and five years in prison, Massachusetts Attorney General Martha Coakley said. Elaina Patterson, 54, pleaded guilty to 31 larceny counts before Massachusetts Superior Court Judge Peter Lauriat over a scheme that lasted from 1999 to 2011 and targeted friends, family and the elderly, among others, Coakley said. The judge also sentenced Patterson, a resident of Wilmington, Massachusetts, to 10 years probation to be served after the prison term, Coakley said. According to the attorney general, Patterson persuaded 15 family members and friends to invest nearly $4.5 million in accounts that she claimed carried high interest rates, and which she could set up by virtue of her position at a Bank of America branch in Reading, Massachusetts, about 14 miles north of Boston.
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