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| Investigators probe motives of Los Angeles airport shooter Saturday, Nov 02, 2013 12:42 AM PDT  By Alex Dobuzinskis and Dan Whitcomb LOS ANGELES (Reuters) - FBI agents were on Saturday probing the background and possible motivation of a gunman who opened fire at a packed terminal at Los Angeles International Airport and shot dead an unarmed federal agent. Authorities have identified the suspected shooter in Friday's attack as Paul Anthony Ciancia, 23, and they said he was shot and wounded by police in an exchange of gunfire at the airport's Terminal 3. Late on Friday, FBI agents armed with a search warrant combed through Ciancia's home in the Los Angeles area, FBI spokeswoman Laura Eimiller said. The gunman, a U.S. citizen who appeared to be acting alone, pushed through the screening gates and ran into an area where passengers board flights, before law enforcement officers caught up with him in a food court, Patrick Gannon, chief of the Los Angeles Airport Police, said at a news conference. Full Story | Top |
| Top Goldman Asia banker Dees to take global, U.S.-based role: sources Friday, Nov 01, 2013 11:43 PM PDT By Lawrence White and Michael Flaherty HONG KONG (Reuters) - A top Goldman Sachs banker in Asia is relocating to the United States to take on a global role, people familiar with the matter told Reuters, after playing a key part in the firm's efforts to broaden its business amid a drop in equity offering volumes. Dan Dees, Goldman's co-head of investment banking for Asia, is expected to move within the next few months, the sources said. Goldman earned large fees on a few select deals in Asia in the last year, during which investment banks across the region took on more complex financings and aimed for solo bookrunning offerings rather than depending on the steady volume of equity issuance they previously enjoyed. In addition to Goldman's Asia investment banking revamp, Missouri-born Dees, 43, played a key role in two of Asia's three largest ever initial public offerings: the $22.12 billion listing of the Agricultural Bank of China and the $20.5 billion flotation of insurer AIA Group Ltd . Full Story | Top |
| China says will stamp out Dalai Lama's voice in Tibet Friday, Nov 01, 2013 10:27 PM PDT  By Ben Blanchard BEIJING (Reuters) - China aims to stamp out the voice of exiled Tibetan spiritual leader the Dalai Lama in his restive and remote homeland by ensuring that his "propaganda" is not received by anyone on the internet, television or other means, a top official said. China has tried, with varying degrees of success, to prevent Tibetans listening to or watching programs broadcast from outside the country, or accessing any information about the Dalai Lama and the exiled government on the internet. The Dalai Lama's picture and his teachings are also smuggled into Tibet, at great personal risk. Writing in the ruling Communist Party's influential journal Qiushi, the latest issue of which was received by subscribers on Saturday, Tibet's party chief Chen Quanguo said that the government would ensure only its voice is heard. Full Story | Top |
| Warburg Pincus selling stake in Australia's Transpacific Friday, Nov 01, 2013 10:15 PM PDT Private equity firm Warburg Pincus is selling a stake in Australian waste management firm Transpacific Industries Group The Australian Financial Review reported that the shares were being offered at A$1.05 and the deal was worth A$400 million ($378 million). Warburg Pincus became a cornerstone investor in Brisbane-based Transpacific in 2009 when it bought a 33.9 percent stake at A$1.80 a share. Earlier this week, Transpacific said it had hired Deutsche Bank to sell its New Zealand waste management unit - which has previously been reported as being worth NZ$900 million - to focus on growing its Australian arm. Full Story | Top |
| Obamacare woes frustrating Democrats' 2014 prospects Friday, Nov 01, 2013 10:04 PM PDT  By Richard Cowan WASHINGTON (Reuters) - The chaotic launch of President Barack Obama's healthcare law has Democrats in Congress increasingly anxious about its potential impact on them in the 2014 elections and scrambling to protect themselves if the program's problems persist. Particularly nervous is a group of 16 Senate Democrats who are defending their seats next year, as Republicans will seek a net gain of six seats to try to take over the 100-seat chamber. Some of the Democrats, such as New Hampshire's Jeanne Shaheen, represent states where enthusiasm has been high for the Affordable Care Act. Among other things, the law aims to provide inexpensive health insurance to many of the estimated 15 million Americans with little or no coverage. Full Story | Top |
| U.S. Navy says notice of possible F/A-18 orders posted in error Friday, Nov 01, 2013 07:43 PM PDT F/A-18 fighter jets or EA-18G electronic attack planes due to "pre-decisional and internal budget discussions," a top Navy admiral said Friday. Vice Admiral David Dunaway, commander of Naval Air Systems Command, issued a statement after the Navy canceled the notice. It had sparked confusion since the Navy's current plans call for it to switch to the radar-evading F-35 built by Lockheed Martin Corp "The posting was the result of pre-decisional and internal budget discussions and was posted erroneously," Dunaway said of the incident, which triggered fresh questions about the Navy's tepid commitment to the $392 billion program - the Pentagon's largest weapons program.. "We took immediate actions and retracted the solicitation," said the admiral, who oversees the Navy's aviation programs. Full Story | Top |
| Embraer faces bribery inquiries from U.S. regulators Friday, Nov 01, 2013 06:49 PM PDT (Reuters) - U.S. and Brazilian authorities are investigating whether Embraer SA bribed Dominican Republic officials in exchange for a $90 million contract to provide the country's armed forces with attack planes, the Wall Street Journal said, citing law enforcement documents and people familiar with the case. The world's third-largest commercial plane maker has been under investigation by the U.S. Department of Justice and the Securities and Exchange Commission since 2010. According to documents reviewed by the Journal, the U.S. ... Full Story | Top |
| Plunging eel stocks spell hard times for a global delicacy Friday, Nov 01, 2013 06:32 PM PDT By Sam Cage CRUMLIN, Northern Ireland (Reuters) - From the food stalls and pie shops of Dickensian London to haute cuisine restaurants in Tokyo, the eel has a long and rich culinary history that transcends classes and national borders. But it is becoming an increasingly rare delicacy as stocks plummet and Europe's fishing industry shrinks to make itself sustainable. With an annual catch of about 600 metric tons (661.387 tons), Europe's largest commercial eel fishery - and the United Kingdom's largest lake - is Lough Neagh in Northern Ireland. Whenever I finish that will be the end," said Shane O'Neill, a sprightly 70 year old from the nearby town of Crumlin who has worked the lake since 1960. Full Story | Top |
| Northrop sees strong foreign interest in unmanned helicopter Friday, Nov 01, 2013 05:42 PM PDT on Friday said it saw strong foreign interest in its Fire Scout unmanned helicopter, but faced challenges in translating that demand into actual sales. George Vardoulakis, Northrop Grumman's vice president for medium-range tactical systems, told reporters the unmanned helicopter was also subject to tough missile control rules that made any foreign sales subject to extra scrutiny. "We certainly hope over time we can turn that interest into some real acquisition cases." Foreign sales would also help lower the cost of the Navy's purchases of the helicopter, he added. A larger and more powerful version of the Fire Scout made its first two flights on Thursday. Full Story | Top |
| Honda to recall 344,000 minivans in U.S. due to braking glitch Friday, Nov 01, 2013 05:17 PM PDT  Honda Motor Co said on Friday that it will recall about 344,000 Odyssey minivans in the United States to fix a software defect that may lead the vehicle to suddenly and harshly brake without the driver pressing the brake pedal. But Honda will not be able to make the necessary fix until next spring when the required part, called a yaw rate sensor, is available. The Japanese automaker said it is not aware of any crashes or injuries related to this problem, which affects minivans built for the 2007 and 2008 model years. In those models, the vehicle stability assist system can malfunction if the minivan is driven in a certain way, Honda said. Full Story | Top |
| Caterpillar unit is subject of U.S. criminal probe: filing Friday, Nov 01, 2013 04:42 PM PDT  Federal prosecutors in California are investigating a unit of Caterpillar Inc Peoria, Illinois-based Caterpillar said in the filing that its Progress Rail Services Corp subsidiary received a grand jury subpoena on October 24 from the U.S. District Court for the Central District of California. The U.S. attorney's office in that district told Progress Rail it is a target of a criminal investigation related to the subpoena, the filing said. The subpoena requested documents and other information from Progress Rail, Caterpillar and Progress Rail subsidiary United Industries Corp in connection with allegations that Progress Rail conducted unnecessary or improper rail car inspections and that it failed to properly dispose of equipment, parts, tools and other items, the filing said. Full Story | Top |
| Fairfax struggles to raise funds for BlackBerry bid: sources Friday, Nov 01, 2013 04:22 PM PDT  By Soyoung Kim, Nadia Damouni and Nicola Leske NEW YORK (Reuters) - Fairfax Financial Holdings Ltd is struggling to raise financing for its $4.7 billion bid for BlackBerry Ltd, with several large banks declining to participate on concerns that the smartphone maker will not be able to reverse its fortunes, according to people familiar with the matter. Fairfax, which is run by Canadian financier Prem Watsa, is working with Bank of America Merrill Lynch and BMO Capital Markets to put together a lending syndicate for a deal, but they have been turned down by several large lenders, the sources said. Bank of America Merrill Lynch and BMO both have deep pockets themselves, and it is still possible they will muster the necessary financing for Fairfax to submit a definitive bid. Fairfax, the largest shareholder in BlackBerry with a 10 percent stake, reached a tentative $9-per-share deal with BlackBerry in late September, and has until November 4 to negotiate a definitive agreement. Full Story | Top |
| Shareholders voice displeasure with Oracle's pay watchdogs Friday, Nov 01, 2013 04:22 PM PDT  have sent a message to the people who set Chief Executive Larry Ellison's pay, re-electing the directors on the board's compensation committee by much smaller margins than the rest of the directors, according to a filing on Friday. All board members received majority votes by wide margins except for the members of the compensation committee - Bruce Chizen, George Conrades and Naomi Seligman - who each won re-election with margins of about 53 percent or less, including non-voted shares, according to a filing on Friday. Full Story | Top |
| Exclusive: Charter weighs bid for Time Warner Cable by year-end -sources Friday, Nov 01, 2013 04:10 PM PDT  By Soyoung Kim, Nadia Damouni and Ronald Grover NEW YORK/LOS ANGELES (Reuters) - Charter Communications Inc is weighing a bid for Time Warner Cable Inc before year-end and is trying to devise a deal structure that would lure the No. 2 U.S. cable operator's shareholders, people familiar with the matter said. John Malone's Liberty Media Corp, which owns about a quarter of Charter, approached Time Warner Cable earlier this year about merging Charter and Time Warner Cable. Talks between the parties restarted over the past few days, according to a separate source close to matter, but Time Warner Cable's management remains cool to the idea of a tie-up. Time Warner Cable, which earlier this week indicated that it was open to a deal at the right price, has a market value of more than $34 billion, compared with Charter's market value of about $13 billion. Full Story | Top |
| TSA agent killed, six wounded in Los Angeles airport shooting Friday, Nov 01, 2013 04:07 PM PDT By Dan Whitcomb and Dana Feldman LOS ANGELES (Reuters) - A lone gunman stormed into a crowded terminal at the Los Angeles International Airport and opened fire with an assault weapon on Friday, killing a security agent and wounding six other people before he was shot and captured, authorities said. The gunfire in Terminal 3 touched off panic and chaos at one of the world's busiest airports as passengers fled or dove for cover behind racks of luggage as police shouted warnings to travelers and quickly evacuated the terminal. Departing flights were halted and arriving planes were diverted to other airports, as streets surrounding the airport were shut down, snarling traffic for miles around. "An individual came into Terminal 3 of this airport, pulled an assault rifle out of a bag and began to open fire in the terminal," Patrick Gannon, chief of the Los Angeles Airport Police, told a news conference. Full Story | Top |
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