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| BlackRock shakes up management amid succession planning Sunday, Apr 06, 2014 09:07 PM PDT  By Ashley Lau and John McCrank NEW YORK (Reuters) - BlackRock Inc is reorganizing its senior management ranks as the world's largest money manager works towards an eventual succession plan for Larry Fink, its chief executive officer and co-founder. New York-based BlackRock, which manages $4.3 trillion in assets, is shifting at least 10 senior executives into new or expanded roles, according to an internal memo seen by Reuters on Sunday. The moves come as BlackRock seeks to groom its next generation of senior management, allowing them to take on greater responsibility and prepare for when the company eventually names a successor to 61-year-old Fink. Both Fink and BlackRock president Rob Kapito will maintain their current roles. Full Story | Top |
| Airline quality report shows improvement on customer complaints Sunday, Apr 06, 2014 09:06 PM PDT  (Reuters) - U.S. airlines received fewer complaints from passengers last year but did a worse job handling baggage, a study has shown. The annual national Airline Quality Rating (AQR), which ranks airlines on several metrics based on U.S. Department of Transportation figures, also found that carriers had a lower bumped passenger rate but worse on-time performance in 2013 compared with 2012. The annual study is conducted by researchers at Wichita State and Embry-Riddle Aeronautical universities. Dean Headley, a marketing professor at Wichita State who wrote the report with Brent Bowen of Embry-Riddle, said the better showing on passenger complaints largely reflected an improvement at United Continental Holdings , which had the worst showing among carriers on that measure in 2012. Full Story | Top |
| Actor Mickey Rooney, America's boy next door, dies at 93 Sunday, Apr 06, 2014 08:41 PM PDT  (Reuters) - Actor Mickey Rooney, the pint-sized screen dynamo of the 1930s and 1940s best known for his boy-next-door role in the Andy Hardy movies, died on Sunday at 93, the TMZ celebrity website reported. Rooney, who was one of the biggest box office stars of the movies' studio era, had been ill for some time, TMZ said. Rooney, who spent almost his entire life in show business, teamed up with Judy Garland in the 1939 movie musical "Babes in Arms." He also starred with Elizabeth Taylor in 1944's "National Velvet," which launched Taylor's career. Rooney was best known for his role as Andy Hardy, the popular all-American teenager, which he portrayed in about 20 movies. Full Story | Top |
| Strait, Lambert leads winners at Academy of Country Music awards Sunday, Apr 06, 2014 08:35 PM PDT  By Robert Galbraith LAS VEGAS (Reuters) - Country music veteran George Strait and singer Miranda Lambert led the winners at the 49th Academy of Country Music awards, while the genre's biggest names, including Blake Shelton, Lady Antebellum, Eric Church and Keith Urban, sang their hits. Strait, 61, won the night's top prize of Entertainer of the Year, beating out Lambert, Luke Bryan, Blake Shelton and Taylor Swift. Full Story | Top |
| Factbox: Winners at the Academy of Country Music awards Sunday, Apr 06, 2014 08:35 PM PDT LAS VEGAS (Reuters) - The Academy of Country Music awards were handed out in a televised ceremony on Sunday in Las Vegas. Following are a list of winners in key categories handed out during the show. ... Full Story | Top |
| World Bank trims China, East Asia 2014 growth forecasts Sunday, Apr 06, 2014 08:04 PM PDT  By Masayuki Kitano SINGAPORE (Reuters) - The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based development bank expects the developing East Asia and Pacific (EAP) region to grow 7.1 percent in 2014 and 2015, down from the 7.2 percent rate it had previously forecast for both years. Growth in 2016 is also seen at 7.1 percent, staying slightly below the 2013 growth rate of 7.2 percent. "Stronger global growth will help most developing East Asia Pacific (EAP) countries grow at a steady pace while they adjust to tighter global financial conditions," the World Bank said in its latest East Asia Pacific Economic Update report. Full Story | Top |
| Japan tech shares slip; others relieved at U.S. jobs Sunday, Apr 06, 2014 07:58 PM PDT  The Nikkei retreated 1.3 percent, led by weakness in technology stocks following a similar fall on Wall Street. Index heavyweight Softbank led the way with a fall of 4 percent in sizable turnover. SoftBank shares have become very sensitive to moves in U.S. tech stocks ahead of Alibaba's IPO, which is expected to become one of the largest offerings in history. SoftBank holds around a 37 percent stake in the Chinese e-commerce giant. Full Story | Top |
| Quebec separatist party under threat in Monday election Sunday, Apr 06, 2014 07:12 PM PDT  By Randall Palmer OTTAWA (Reuters) - A month ago, Monday's election in Quebec seemed like such a good idea to the ruling Parti Quebecois, the largest separatist party in the mostly French-speaking Canadian province. Premier Pauline Marois and her minority government hoped to take advantage of a comfortable lead in the polls to capture a majority of seats in the provincial legislature. That would enable them to push through a provincial charter on secularism and possibly set the stage for a new referendum on whether the province should leave Canada. But the strategy has backfired and, after a surge in support for the opposition Liberals, the PQ government now risks being kicked out altogether in the provincial election. Full Story | Top |
| Disney's latest hero, 'Captain America,' sets box office record Sunday, Apr 06, 2014 06:11 PM PDT  By Ronald Grover and Chris Michaud LOS ANGELES/NEW YORK (Reuters) - "Captain America: The Winter Soldier," the sequel to Marvel's 2011 film about the red, white and blue superhero, smashed its way to $96.2 million in weekend ticket sales, setting a new record for an April release and speeding past last week's winner, "Noah." In the process, it also validated the strategy of the film's distributor, Walt Disney Co, to ramp up its pipeline of films featuring super heroes made famous by bashing bad guys in Marvel Comics. "Captain America," which stars Chris Evans as a scrawny World War Two reject given super powers from an experimental serum, easily exceeded the April take for the racing movie "Fast Five," which collected $86.2 million in ticket sales in April 2011. Since Disney bought Marvel for $4 billion in 2009, Marvel characters have starred in some of Hollywood's biggest hits. Full Story | Top |
| Cuba says U.S. created other 'Cuban Twitter' projects Sunday, Apr 06, 2014 05:43 PM PDT  By Marc Frank HAVANA (Reuters) - Cuba said on Sunday the United States continues to use social media to "subvert" the island's government and that the revelation this week of a U.S.-created, Twitter-like service for Cuba was just one of several examples. The U.S. government has admitted it created a social media network called ZunZuneo, which takes its name from Cuban slang for the tweet of a hummingbird. The program, built by the U.S. Agency for International Development (USAID) using shell companies to hide U.S. government involvement, went dark in 2012 due to a lack of funds. U.S. officials confirmed it on Thursday, calling ZunZuneo a "democracy promotion" program that was neither "secret" nor "covert" under the U.S. government's definitions of those terms. Full Story | Top |
| India's Sun Pharma to buy Ranbaxy in $3.2 billion deal Sunday, Apr 06, 2014 05:41 PM PDT  India's Sun Pharmaceutical Industries Ltd said it will buy generic drug maker Ranbaxy Laboratories Ltd , which has hit regulatory snags in its key U.S. market over quality issues, in an all-share deal with total equity value of $3.2 billion. Ranbaxy, India's No.1 drugmaker by sales and 63.4 percent held by Daiichi Sankyo Co Ltd , is banned from exporting drug ingredients to the United States, while Sun Pharmaceutical's Karkhadi plant is also barred from shipping products by the U.S. Food and Drug Administration. Sun Pharmaceutical said Ranbaxy shareholders will get 0.8 Sun Pharma shares for each Ranbaxy share. Full Story | Top |
| Foxconn eyes PE fund MBK's Taiwan cable TV unit: paper Sunday, Apr 06, 2014 05:32 PM PDT  TAIPEI (Reuters) - Foxconn Technology Group, the main supplier of Apple Inc, is rumored to be interested in buying cable TV company CNS from private equity firm MBK for around T$64 billion ($2.11 billion), the Economic Daily reported on Monday. The move comes as Foxconn, whose flagship unit is Hon Hai Precision Industry Co., aims to tie up with CNS against Chunghwa Telecom, Taiwan's biggest mobile and fixed network carrier, the report said, without citing sources. Hon Hai, CNS and MBK all declined to comment, it said. (Reporting by Faith Hung; Editing by Stephen Coates) Full Story | Top |
| Search planes, ships divert to Indian Ocean area where 'pings' detected Sunday, Apr 06, 2014 04:58 PM PDT  By Jane Wardell and Swati Pandey SYDNEY/PERTH, Australia (Reuters) - Some planes and ships searching for a missing Malaysia Airlines jetliner in the Indian Ocean moved on Monday toward waters where a Chinese vessel had picked up "ping" signals at the weekend, raising hopes of finding the airliner's black-box recorders. "We are running out of time in terms of terms of the battery life," Retired Air Chief Marshal Angus Houston, head of the Australian agency coordinating the operation, told a news conference in Perth on Sunday. Chinese patrol ship Haixun 01 reported receiving a pulse signal with a frequency of 37.5 kHz, consistent with the signal emitted by flight recorders, on Friday and again on Saturday. The pulses were detected within two km (1.2 miles) of each other but were hundreds of nautical miles outside the main search zone in the southern Indian Ocean which has been scoured by planes and aircraft for more than a week. Full Story | Top |
| Hungary re-elects maverick PM, far-right opposition gains Sunday, Apr 06, 2014 04:37 PM PDT  By Krisztina Than and Gergely Szakacs BUDAPEST (Reuters) - Hungarians handed their maverick Prime Minister Viktor Orban another four years in power, election results showed on Monday, while one in every five voters backed a far-right opposition party accused of anti-Semitism. Orban has clashed repeatedly with the European Union and foreign investors over his unorthodox policies, and after Sunday's win, big businesses were bracing for another term of unpredictable and, for some of them, hostile measures. After 96 percent of the ballots were counted from Sunday's parliamentary vote, an official projection gave Orban's Fidesz party 133 of the 199 seats, guaranteeing that it will form the next government. The same projection gave the Socialist-led leftist alliance 38 seats, while Jobbik was on 23 seats. Full Story | Top |
| Libyan rebels, government agree to gradually reopen occupied oil ports Sunday, Apr 06, 2014 04:25 PM PDT By Ulf Laessing and Ayman al-Warfalli TRIPOLI/BENGHAZI, Libya (Reuters) - Libyan rebels occupying four eastern oil ports agreed with the government on Sunday to gradually end their eight-month petroleum blockade, which has cost the North African state billions in lost revenues. Zueitina and Hariga ports, held by federalist rebels demanding more autonomy from Tripoli, will open immediately while the larger ports, Ras Lanuf and Es Sider, will be freed in two to four weeks after more talks, the government said. Ending the oil port standoff will be a major advance for Libya's fragile government, which has struggled to impose its authority over an unruly nation still in flux nearly three years after the fall of Muammar Gaddafi. Top rebel leader Ibrahim Jathran confirmed the blockage of Zueitina and Hariga ports had ended. Full Story | Top |
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