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| Verizon close to $130 billion deal for Vodafone stake: Bloomberg Wednesday, Aug 28, 2013 09:28 PM PDT  (Reuters) - Verizon Communications Inc is in advanced talks to buy Vodafone Group Plc's 45 percent stake in their U.S. joint venture for about $130 billion, Bloomberg reported late on Wednesday, citing people with knowledge of the matter. Verizon is working with several banks to raise $10 billion from each to finance about $60 billion of the deal and an announcement could come as soon as September 2, two of the people told Bloomberg. (http://link.reuters. ... Full Story | Top |
| BOJ policymaker warns emerging markets may see more outflows Wednesday, Aug 28, 2013 09:26 PM PDT  By Leika Kihara MORIOKA, Japan (Reuters) - The global economy could be hurt if the withdrawal of funds from emerging markets picks up ahead of an expected reduction in the U.S. Federal Reserve's monetary stimulus, a Bank of Japan board member said on Thursday. Yoshihisa Morimoto also signaled that Japan's government needed to proceed with a planned two-stage hike in the sales tax as part of efforts to fix its tattered finances, or face a severe market backlash. ... Full Story | Top |
| Barclays hires investment bankers to lead metals and mining team Wednesday, Aug 28, 2013 09:19 PM PDT  NEW YORK (Reuters) - Barclays hired two investment bankers to lead its global metals and mining team, luring them away from rival UBS and boutique investment bank Liberum Capital. The bank said on Thursday that Paul Knight and Michael Rawlinson will be co-heads of the team and will join Barclays in the fourth quarter. Knight, who will be based in Toronto, will also be a vice-chairman, Barclays said. He spent the last 18 years at UBS, most recently as a vice chairman and managing director in Toronto. ... Full Story | Top |
| U.S. fast-food workers plan nationwide strikes over minimum wage Wednesday, Aug 28, 2013 09:16 PM PDT By Atossa Araxia Abrahamian NEW YORK (Reuters) - Fast-food workers across the United States are expected to stage their largest strike to date on Thursday in an almost year-long campaign to raise wages in the service sector. Employees of McDonald's Corp, Wendy's Restaurants LLC, Burger King Worldwide Inc and others have pledged to walk off their jobs in 50 cities from Boston, Mass, to Alameda, Calif., organizers say. They are expected to be joined by retail employees at stores owned by Macy's Inc, Sears Holdings Corp and Dollar Tree Inc in some cities. ... Full Story | Top |
| Google co-founder Brin and wife living apart: spokesperson Wednesday, Aug 28, 2013 08:25 PM PDT  By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc co-founder Sergey Brin is living apart from his wife, who is the chief executive of a biotech firm that Google has invested millions of dollars in and whose sister is one of the Internet search company's top executives. Brin and Anne Wojcicki, who married in 2007, have been living apart for several months, the couple's spokesperson said. "They remain good friends and partners," the spokesperson added. The technology blog AllThingsD on Wednesday was the first to report of the couple's living apart. ... Full Story | Top |
| Asian shares rise, Syria worries cap gains, oil off highs Wednesday, Aug 28, 2013 08:08 PM PDT  By Dominic Lau TOKYO (Reuters) - Asian shares recouped some of the two previous session's steep losses on Thursday as fears abated that U.S.-led forces would soon launch a military strike on Syria, and oil prices retreated from a six-month peak. Emerging market currencies stabilized after their recent battering, with Indonesia rupiah off a four-year low as the country's central bank board was expected to meet and raise interest rates to defend the plunging currency. The rupiah gained 0.3 percent on Thursday, off its lowest since April 2009, while Jakarta shares climbed 0. ... Full Story | Top |
| U.S. probe into JPMorgan hiring practices widens: Bloomberg Wednesday, Aug 28, 2013 08:02 PM PDT  HONG KONG (Reuters) - U.S. government investigations into the hiring practices of JPMorgan in China have uncovered evidence including a spreadsheet that links hires to specific deals, Bloomberg News reported, citing people with knowledge of the matter. The Justice Department has joined the Securities and Exchange Commission in looking into whether JPMorgan hired people in China because their family members would in turn offer business to the bank, the report said, citing one of the people. ... Full Story | Top |
| China environment ministry suspends some approvals for Sinopec, CNPC Wednesday, Aug 28, 2013 08:00 PM PDT  BEIJING (Reuters) - China's environment ministry will stop approving some new refining projects or the expansion or renovation of existing facilities by the country's top state-owned oil firms after they failed to meet key pollution targets in 2012, it said on Thursday. The ministry said China National Petroleum Corporation (CNPC) failed to meet targets to cut chemical oxygen demand in 2012, while Sinopec Group failed to meet a target to cut nitrogen oxide emissions. CNPC is the parent of PetroChina , China's dominant oil and gas producer. ... Full Story | Top |
| After 24 years, San Francisco Bay area prepares for new bridge Wednesday, Aug 28, 2013 07:54 PM PDT  By Ronnie Cohen SAN FRANCISCO (Reuters) - The eastern span of a Depression-era bridge connecting San Francisco to Oakland was retired on Wednesday night, 24 years after it partially collapsed during a major earthquake. But the big party once planned for next Tuesday, when a majestic $6 billion replacement bridge is scheduled to open, has been canceled - fitting for a project that was six years late, cost five times initial estimates and suffers from broken seismic safety bolts that some critics say render it unsafe. ... Full Story | Top |
| U.S. judge tosses BlackRock iShares compensation case Wednesday, Aug 28, 2013 07:45 PM PDT By Nate Raymond (Reuters) - BlackRock Inc has won the dismissal of a lawsuit claiming it looted securities-lending revenues from iShares exchange-traded funds investors, with a U.S. judge ruling the plaintiffs did not have a right to bring the case against the money manager. The lawsuit, filed in January, claimed that the iShares exchange-traded funds provided "grossly excessive compensation" to BlackRock, which was hired to advise and manage the funds. ... Full Story | Top |
| Carlyle, Townsend to invest $200 million in China warehouses Wednesday, Aug 28, 2013 07:41 PM PDT HONG KONG (Reuters) - U.S. buyouts firm Carlyle Group said on Thursday it would invest around $200 million with U.S. investment management firm Townsend Group to buy and build 17 warehouses as part of plans to build a logistics platform across China. Carlyle and Townsend have agreed to buy five logistics warehouses owned by Shanghai Yupei Group, a domestic warehouse developer and operator in China, and to build another 12 in a strategic partnership with Shanghai Yupei. ... Full Story | Top |
| Tennis-Venus eclipsed as rain plays havoc with schedule Wednesday, Aug 28, 2013 07:39 PM PDT (Updates with Venus losing, Del Potro winning) By Julian Linden NEW YORK, Aug 28 (Reuters) - Venus Williams was sent packing from the U.S. Open on Wednesday after her sister Serena's center court clash was among dozens of matches postponed because of rain on a gloomy third day at the last grand slam of the year. Around four hours of play were washed out, forcing tournament officials to drastically revise the schedule so Andy Murray could finally begin his title defence. The foul weather could not save Venus from suffering her third successive second-round defeat at the U.S. ... Full Story | Top |
| 'Breaking Bad' Mexican restaurant reports surge in tableside guacamole orders Wednesday, Aug 28, 2013 06:22 PM PDT By Brent Lang LOS ANGELES (TheWrap.com) - The Mexican restaurant that factored into last Sunday's "Breaking Bad," reports a surge in orders for tableside guacamole since the appetizer was prominently featured on the AMC drama. Garduno's' dip was a recurring punchline during an excruciatingly tense exchange that found meth-dealer Walter White (Bryan Cranston) and his wife (Anna Gunn) involved in a tense standoff with his brother-in-law, a DEA agent named Hank Schrader (Dean Norris). As tempers flared, a Garduno's waiter keeps butting in at inopportune times to talk up the restaurant's ... Full Story | Top |
| King's relatives involved in bus accident after 'I Have a Dream' rally Wednesday, Aug 28, 2013 06:12 PM PDT WASHINGTON (Reuters) - A tour bus carrying relatives of civil rights leader Martin Luther King Jr. collided with a minivan after leaving a ceremony in the U.S. capital marking the 50th anniversary of his "I Have a Dream" speech, but no one was seriously hurt, police said. The accident near the base of the Washington Monument occurred shortly before 6 p.m. EDT (2200 GMT), U.S. Park Police Sergeant J. Innis said. The minivan ran through a red light, forcing the driver of the tour bus to slam on the brakes in a failed effort to avoid a collision, police said. ... Full Story | Top |
| Blackstone to pay $85 million to settle lawsuit over IPO Wednesday, Aug 28, 2013 05:48 PM PDT By Nate Raymond NEW YORK (Reuters) - Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007. The proposed deal follows more than five years of litigation between investors and Blackstone and helps the world's largest private equity firm avert a rare securities class action trial that was due to begin September 16. The settlement, disclosed in court papers filed Wednesday in U.S. ... Full Story | Top |
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