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| U.N. Security Council demands elimination of Syria chemical arms Friday, Sep 27, 2013 11:56 PM PDT  UNITED NATIONS (Reuters) - The U.N. Security Council adopted a resolution on Friday that demands the eradication of Syria's chemical weapons but does not threaten automatic punitive action against Syrian President Bashar al-Assad's government if it does not comply. The unanimous vote by the 15-member Security Council capped weeks of intense diplomacy between Russia and the United States. It was based on a deal between the two countries reached in Geneva earlier this month following an August 21 sarin nerve gas attack on a Damascus suburb that killed hundreds. The U.S. ... Full Story | Top |
| ANZ, Singapore's UOB eye Hong Kong's Wing Hang Bank: sources Friday, Sep 27, 2013 10:45 PM PDT  HONG KONG (Reuters) - Singapore's United Overseas Bank Ltd and Australia & New Zealand Banking Group Ltd are considering a bid for Hong Kong's Wing Hang Bank Ltd, according to people familiar with the matter. Wing Hang , with a market capitalization of $4.7 billion, announced earlier this month that its controlling shareholders had received preliminary offers from independent third parties to purchase their shares in the bank. It did not name the bidders. People familiar with the matter told Reuters on Saturday that ANZ and UOB were among the companies considering a bid for the Hong Kong bank. ... Full Story | Top |
| Team NZ rules out any legal challenge to Oracle's win Friday, Sep 27, 2013 08:30 PM PDT  WELLINGTON (Reuters) - Team New Zealand have ruled out any legal challenge to Oracle Team USA's use of an automated stabilization system that is suspected to have vastly improved their performance to successfully defend the America's Cup this week. Oracle, backed by technology billionaire Larry Ellison, produced a remarkable fightback from 8-1 down to beat the New Zealand challengers in a winner-take-all race on Thursday (NZT) and clinch the finals series 9-8. ... Full Story | Top |
| Sailing-Team NZ rule out any legal challenge to Oracle's win Friday, Sep 27, 2013 08:15 PM PDT WELLINGTON, Sept 28 (Reuters) - Team New Zealand have ruled out any legal challenge to Oracle Team USA's use of an automated stabilisation system that is suspected to have vastly improved their performance to successfully defend the America's Cup this week. Oracle, backed by technology billionaire Larry Ellison, produced a remarkable fightback from 8-1 down to beat the New Zealand challengers in a winner-take-all race on Thursday (NZT) and clinch the finals series 9-8. ... Full Story | Top |
| U.S. rights groups urge boycott of Barilla pasta after anti-gay remarks Friday, Sep 27, 2013 07:08 PM PDT  By Victoria Cavaliere NEW YORK (Reuters) - U.S. and international gay rights supporters called on Friday for a boycott of Italian pasta maker Barilla, whose chairman said he would never feature a gay family in its advertising. The comments sparked a firestorm of protest on social media and resulted in online petitions in English, German and Italian, including one by Italian playwright and Nobel Prize winner Dario Fo. A MoveOn.org petition started by Beth Allen, a Takoma Park, Maryland, mother of two and a lesbian, garnered 85,000 signatures by Friday evening. ... Full Story | Top |
| Miss Teen USA's former classmate accused as webcam peeper Friday, Sep 27, 2013 06:26 PM PDT  By Alex Dobuzinskis LOS ANGELES (Reuters) - Miss Teen USA Cassidy Wolf said on Friday it was "weird" to learn that the 19-year-old California man charged with hacking into her webcam and taking nude photos in a so-called "sextortion" case, was a high school classmate. Wolf, 19, told NBC's "Today" show she has "mixed feelings" a day after the arrest of Jared Abrahams, and that part of her feels sorry for him. "It's weird for me to be able to put a face to the person who did this to me and to know that it's somebody I went to high school with," the beauty queen told "Today. ... Full Story | Top |
| Brazil oil company OGX gets six-month delay in debt payment Friday, Sep 27, 2013 06:23 PM PDT  RIO DE JANEIRO (Reuters) - Brazilian oil company OGX Petróleo e Gás SA won a six-month delay in a debt payment that will reduce the risk of default by the firm controlled by Brazilian tycoon Eike Batista, according to securities filings on Friday. OGX Austria GmbH, which owns 100 percent of OGX Brazil bonds in circulation, agreed to delay a debt payment to March 25 from September 25, OGX said in a securities filing. The amount of the debt payment was not specified in the filing. OGX officials in Brazil were not immediately available for comment after business hours. ... Full Story | Top |
| Penney stock plunges on share sale, lower cash forecast Friday, Sep 27, 2013 05:52 PM PDT  By Phil Wahba and Olivia Oran (Reuters) - J.C. Penney Co Inc's decision to shore up its cash reserves by issuing almost $1 billion in new shares sent its stock tumbling more than 13 percent Friday. Earlier in the day, the struggling U.S. department store chain had cut its forecast of year-end cash reserves, suggesting that it is burning through money faster than expected. Penney said the 84 million shares in the offering had priced at $9.65 each. Underwriters have the option to buy another 12.6 million shares. ... Full Story | Top |
| Samsung addresses EU concerns in antitrust probe Friday, Sep 27, 2013 05:29 PM PDT  By Andrew Longstreth and Karen Freifeld NEW YORK (Reuters) - Samsung Electronics Co on Friday offered remedies that may settle a European Union probe over whether it breached antitrust rules through its use of patent lawsuits against rival Apple Inc. "Samsung has agreed to propose commitments that will be market tested," EU Competition Commissioner Joaquin Almunia said in a speech in New York on Friday. "We hope to conclude this case." The details of the offer were not disclosed, and Samsung could not immediately be reached for comment. ... Full Story | Top |
| Investors bet on last-minute deal to end fiscal showdown Friday, Sep 27, 2013 05:26 PM PDT  By Angela Moon NEW YORK (Reuters) - With a possible U.S. government shutdown days away, Wall Street still hasn't come down with a critical case of fiscal fever despite forecasts that failure to resolve the federal budget standoff could be catastrophic. The benchmark S&P 500 is up more than 3 percent for September, which has traditionally been described as the worst month for stocks and was just 2 percent off its all-time high. ... Full Story | Top |
| Chemical weapons watchdog to begin Syria inspections next week Friday, Sep 27, 2013 04:47 PM PDT By Anthony Deutsch AMSTERDAM (Reuters) - Experts from the world's chemical weapons watchdog will begin inspecting Syria's stockpile of toxic munitions by Tuesday, according to an agreement passed in The Hague on Friday. The agreement enables the U.N. Security Council to vote later on Friday on a draft resolution on eradicating Syria's chemical arsenal. The decision adopted by the Executive Council of the Organisation for the Prohibition of Chemical Weapons, OPCW, called on members to make cash donations to fund Syria's fast-tracked destruction operation. ... Full Story | Top |
| Palantir Technologies raises $196.5 million Friday, Sep 27, 2013 04:31 PM PDT SAN FRANCISCO (Reuters) - Data-analytics company Palantir Technologies has raised $196.5 million, the company disclosed Friday in a regulatory filing. The Palo Alto-based company, founded by former PayPal executives, builds analytics software for the armed forces, intelligence agencies, and financial-services companies. The cash will be used for growth capital, a spokeswoman said. Since its founding in 2004, it has raised almost $500 million. Peter Thiel, a co-founder of both PayPal and Palantir, is an investor, as are fellow PayPal alumni Keith Rabois, Jeremy Stoppelman, and Ben Ling. ... Full Story | Top |
| Chemical arms watchdog agrees Syria plan, U.N. set to vote Friday, Sep 27, 2013 03:58 PM PDT UNITED NATIONS (Reuters) - The Organization for the Prohibition of Chemical Weapons Executive Council on Friday adopted a decision on a plan to eliminate Syria's chemical weapons arsenal, enabling the U.N. Security Council to vote shortly on a draft resolution. "White smoke in the Hague," British U.N. Ambassador Mark Lyall Grant announced on his Twitter feed. "OPCW decision adopted by consensus. UNSC (Security Council) can vote at 2000 (EDT)." The OPCW, the international chemical weapons watchdog based in The Hague, confirmed the decision. (Reporting by Louis Charbonneau) Full Story | Top |
| Fed doves make case for patience on tightening policy Friday, Sep 27, 2013 03:57 PM PDT  By Ann Saphir, Balazs Koranyi and Jonathan Spicer MINNEAPOLIS/OSLO/NEW YORK (Reuters) - The Federal Reserve must be patient in deciding when to scale back bond purchases, top officials said on Friday, with one arguing it could wait "years" to lift interest rates and another suggesting it could tolerate inflation rising to 3 percent. ... Full Story | Top |
| Oil producer Pacific Rubiales could buy Petrominerales: sources Friday, Sep 27, 2013 03:54 PM PDT  BOGOTA (Reuters) - Toronto-listed oil company Pacific Rubiales , Colombia's second-biggest producer of crude, could buy rival Petrominerales next Monday, two sources familiar with the situation told Reuters on Friday, after shares in the companies had been halted. The Toronto Stock Exchange halted trading in the shares of both companies on Friday afternoon, pending news. Just before the trading halt, Petrominerales stock was up 55 Canadian cents at C$7.74, while Pacific Rubiales shares were down 10 Canadian cents at C$21.54. ... Full Story | Top |
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