Wednesday, October 31, 2012

My News Daily Digest

The following are today's top stories on My News categories:


Business Briefing
1.      Disney Buys 'Star Wars' Producer Lucasfilm for $4.05 Billion
2.      Stocks to Reopen After Longest Storm Shutdown Since 1888
3.      Hurricane Sandy May Slow U.S. Economy as Workers Stay Home
4.      Dollar Weakens While Canadian Shares Advance in Wake of Storm
5.      Hong Kong Intervenes for Fifth Time in Two Weeks to Defend Peg

World News Briefing
6.      New York Airports May Stay Shut to Nov. 1 After Sandy Floods
7.      Obama Tied With Romney in New Polls of Presidential Voters

Malaysia
8.      Malaysian Gold Plans Flourish in Hunt for Yield: Southeast Asia
9.      MALAYSIA DAYBOOK: Tenaga, Aeon, Globetronics, TH Plantations
10.     Palm Oil Declines on Concern Malaysian Stockpiles Set to Expand

Stock Market News
11.     NYSE's Closing to 'Shake Image' for Exchange, Levitt Says
12.     Bovespa Index Snaps Two-Day Decline as Crude Advance Boosts OGX
13.     U.S. Stock Futures Little Changed as Hurricane Hits East Coast

Banking
14.     Barclays Cancels Bid to Buy Bank Windhoek on Absa Africa Merger
15.     Deutsche Bank Profit Unexpectedly Rises on Trading Revenue
16.     UBS Raises Profitability Target as Ermotti Shrinks Bank (1)

Commodities
17.     Oil Rises From Lowest Level Since July After Superstorm Sandy
18.     Sandy Moves West, Leaving Devastation, Death in Eastern U.S.
19.     Copper Rises, Ends Longest Slump in 14 Years, on China Outlook

Malaysia Stocks
20.     Malaysian stock market closes higher


Business Briefing

1)      Disney Buys 'Star Wars' Producer Lucasfilm for $4.05 Billion
                Walt Disney Co. agreed to buy George Lucas's Lucasfilm Ltd. for $4.05 billion in cash and stock, adding "Star Wars" and "Indiana Jones" to a roster of film properties that includes "Iron Man" and "Nemo." About half of the price will be paid in cash and the balance in stock, Burbank, California-based Disney said today in a statement. A seventh "Star ...
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2)      Stocks to Reopen After Longest Storm Shutdown Since 1888
                U.S. equity markets will reopen tomorrow after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York yesterday. The decision was announced in statements by NYSE Euronext, Nasdaq OMX Group Inc. and Bats Global Markets Inc. The NYSE's headquarters are ...
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3)      Hurricane Sandy May Slow U.S. Economy as Workers Stay Home
                Hurricane Sandy may slow the world's largest economy by keeping millions of U.S. employees from work and shoppers from stores in one of the nation's most populated and productive regions. The storm may cut economic output by $25 billion in the fourth quarter, according to Gregory Daco, a U.S. economist at IHS Global Insight in Lexington, Massachusetts. He ...
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4)      Dollar Weakens While Canadian Shares Advance in Wake of Storm
                The dollar fell the most in almost two weeks amid speculation damage from superstorm Sandy will be less severe than anticipated. Canadian stocks advanced and oil rose from the lowest level in almost four months. The dollar weakened 0.4 percent to $1.2960 per euro at 4 p.m. in New York and slid against nine of its 16 major counterparts. The Standard & Poor's/TSX Composite Index of Canadian shares increased 0.5 percent, while Brazilian equities rallied ...
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5)      Hong Kong Intervenes for Fifth Time in Two Weeks to Defend Peg
                The Hong Kong Monetary Authority sold its own currency for a fifth time in less than two weeks after it touched the upper limit of a 29-year-old peg to the U.S. dollar. The central bank added HK$2.71 billion ($350 million) to the banking system in Hong Kong yesterday, according to a spokeswoman for the HKMA, who declined to be identified because of government policy. That followed a $603 million intervention on Oct. 19, the first time since 2009, and a ...
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World News Briefing

6)      New York Airports May Stay Shut to Nov. 1 After Sandy Floods
                New York's main airports may stay closed until Nov. 1 after flooding from the Atlantic superstorm Sandy inundated the runways, extending the travel disruptions centered on the busiest U.S. aviation market. "Substantial" flooding occurred at New York's Kennedy and LaGuardia airports and New Jersey's Newark ...
Full Story: {FIFW NSN MCQ5386S972A <GO>}

7)      Obama Tied With Romney in New Polls of Presidential Voters
                President Barack Obama and Republican challenger Mitt Romney are tied among likely voters in a national poll released eight days before Election Day. The Oct. 24-28 survey by the Pew Research Center found Obama and the former governor of Massachusetts each supported by 47 percent, a slight gain for the president from an Oct. 4-7 Pew ...
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Malaysia

8)      Malaysian Gold Plans Flourish in Hunt for Yield: Southeast Asia
                Dadhyanna Tan Mian Lee ditched a 10- year career in telecommunications in 2009 to become a consultant with Genneva Malaysia Sdn., selling gold to customers with a plan that she says yielded as much as 24 percent a year. "My mom would say, she got 3 percent per annum placing her money into a fixed-deposit facility with a bank," said Tan, 38. Genneva also won her father as a customer with its offering of discretionary monthly "gifts" to purchasers ...
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9)      MALAYSIA DAYBOOK: Tenaga, Aeon, Globetronics, TH Plantations
                Tenaga Nasional Bhd., the country's biggest power producer, will release its fourth-quarter earnings after 5 p.m. in Kuala Lumpur. The utility may post full-year net income of 4 billion ringgit ($1.3 billion), according to the median estimate of 16 analysts polled by Bloomberg. EQUITY MOVERS: * Aeon (AEON MK): Co. says not in talks with any party for acquisition of Carrefour * Cycle & Carriage Bintang (CNCB MK): 3Q net income falls to 3.9m ...
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10)     Palm Oil Declines on Concern Malaysian Stockpiles Set to Expand
                Palm oil fell for a second day to the lowest in more than a week on speculation that inventories in Malaysia, the world's second-biggest producer, will climb from a record as importers slow purchases. The contract for January delivery dropped 1.8 percent to close at 2,501 ringgit ($819) a metric ton on the Malaysia Derivatives Exchange, the lowest level for the most-active contract since Oct. 19. Futures are headed for a 1.8 percent decline this ...
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Stock Market News

11)     NYSE's Closing to 'Shake Image' for Exchange, Levitt Says
                The New York Stock Exchange's reputation will suffer because it failed to keep operating during Hurricane Sandy, said Arthur Levitt, former chairman of the U.S. Securities and Exchange Commission. "People look to the New York Stock Exchange as being the symbol of American capitalism, and to see the exchange go down for two ...
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12)     Bovespa Index Snaps Two-Day Decline as Crude Advance Boosts OGX
                The Bovespa index rebounded from a two-day drop after rising oil prices boosted producer OGX Petroleo & Gas Participacoes SA and as a report showing slower inflation sparked a rally in homebuilders. OGX, the oil company controlled by billionaire Eike Batista, contributed most to the gauge's advance. Gafisa SA led gains by builders. Braskem SA, Latin America's largest petrochemicals producer, rebounded from an eight-week low after saying it plans to ...
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13)     U.S. Stock Futures Little Changed as Hurricane Hits East Coast
                U.S. stock-index futures were little changed as investors assessed the impact of Hurricane Sandy, the Atlantic Ocean superstorm that struck the East Coast yesterday. Apple Inc. retreated 0.5 percent in German trading after the iPhone maker said some managers are leaving the company. Goldman Sachs Group Inc., which stacked up sandbags around its West Street office in Lower ...
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Banking

14)     Barclays Cancels Bid to Buy Bank Windhoek on Absa Africa Merger
                Barclays Plc postponed a bid to buy a controlling stake in Namibia's Bank Windhoek from Capricorn Investment Holdings Ltd. until it completes a transaction that will combine its African business with that of Absa Group Ltd. Barclays and Johannesburg-based Absa announced talks on Aug. 21 to merge their African units and complete a plan that started seven years ago. The combination will affect assets in Kenya, Botswana, Zambia, Tanzania and Ghana, the ...
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15)     Deutsche Bank Profit Unexpectedly Rises on Trading Revenue
                Deutsche Bank AG, Europe's biggest bank, said third-quarter profit climbed after a rally in bond and stock markets brought a surge in trading revenue. The shares jumped. Net income unexpectedly rose an annual 3 percent to 747 million euros ($964 million) in the three months through September, the Frankfurt-based company said in a statement today. That beat all seven ...
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16)     UBS Raises Profitability Target as Ermotti Shrinks Bank (1)
                UBS AG, Switzerland's biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti moved to shrink the investment bank and focus on wealth management. UBS will seek a return on equity, a measure of profitability, of at least 15 percent starting in 2015, compared with a previous goal of 12 percent to 17 percent, the ...
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Commodities

17)     Oil Rises From Lowest Level Since July After Superstorm Sandy
                Oil rose from the lowest level in almost four months in New York on speculation that demand will soon rebound after Atlantic superstorm Sandy made landfall on the U.S. East Coast. Futures gained after the storm came ashore in southern New Jersey late yesterday and drove floodwaters to life-threatening levels in a region with 60 million residents. Phillips 66, Hess Corp., NuStar Energy LP and PBF Energy Inc. reduced refinery operations because of Sandy. ...
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18)     Sandy Moves West, Leaving Devastation, Death in Eastern U.S.
                The Atlantic superstorm Sandy left a trail of flooding, death and destruction along the East Coast before churning west across Pennsylvania today. The Associated Press reported 38 U.S. deaths related to the storm, and New York Mayor Michael Bloomberg said at least 10 people were dead in the city. Government ...
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19)     Copper Rises, Ends Longest Slump in 14 Years, on China Outlook
                Copper futures rose, ending the longest slump in 14 years, on prospects for demand to increase in China, the world's biggest consumer. Total Chinese demand, including refined and scrap metal, may gain an average 6 percent a year from 2011 to 2015, Wang Zhongkui, the deputy general manager of Beijing Antaike Information Development Co., said today. Imports of refined copper jumped 17 percent in September from a month earlier, ...
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Malaysia Stocks

20)     Malaysian stock market closes higher
                The Malaysian stock market ended higher here on Tuesday, with the Kuala Lumpur Composite Index increasing 2.11 points or 0.13 percent to 1,674.67, and the Emas rising 9.02 points or 0.08 percent to 11,375.49 up. There were 292 gainers, 384 losers and 376 counters traded unchanged. Turnover declined to 1.11 billion shares valued at 1.17 billion ringgit Malaysia (383.17 million U.S. dollars), compared with 1.27 billion shares valued at 1.39 billion ringgit ...
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