Friday, November 1, 2013

Daily News: Reuters Business News Headlines - TSA agent killed, six hurt in Los Angeles airport shooting

Friday, Nov 01, 2013 12:40 PM PDT
Today's Reuters Business News Headlines - Yahoo! News:

TSA agent killed, six hurt in Los Angeles airport shooting 
Friday, Nov 01, 2013 12:40 PM PDT
By Tim Reid and Dana Feldman LOS ANGELES (Reuters) - A gunman opened fire with an assault rifle in a terminal of Los Angeles International airport on Friday, killing a Transportation Security Agent and injuring at least six other people before he was shot and captured, authorities said on Friday. The incident prompted scenes of chaos at the airport, which halted departing flights and evacuated the terminal. Streets surrounding the airport were also shut down. "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 said at a press conference.
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U.S. TSA employee killed in L.A. airport shooting: spokesperson 
Friday, Nov 01, 2013 12:28 PM PDT
(Reuters) - A U.S. Transportation Security Administration employee was shot and killed and another was injured in a shooting at the Los Angeles International Airport, a TSA spokesperson said on Twitter. "TSA confirms one male employee shot and killed, one injured," the spokesperson said on the social media site, adding that the gunman in the incident was not a TSA employee.
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Exclusive: Charter weighs bid for Time Warner Cable by year-end - sources 
Friday, Nov 01, 2013 12:27 PM PDT
The Time Warner Cable office is shown in CarlsbadCharter Communications Inc is weighing a bid for Time Warner Cable Inc before the end of the year, hoping to persuade the larger cable operator to sell after rejecting an earlier overture, 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. But sources said Time Warner Cable's management was cool to the idea of a tie-up. Time Warner Cable has a market value of more than $34 billion, compared with Charter's market value of about $13 billion.
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Russia says better to remove most chemical weapons from Syria 
Friday, Nov 01, 2013 12:22 PM PDT
By Steve Gutterman MOSCOW (Reuters) - Russia believes most of Syria's chemical arsenal should be removed from the country rather than destroyed there, Deputy Foreign Minister Sergei Ryabkov was quoted as saying on Friday. Ryabkov spoke after meeting Sigrid Kaag, head of the joint United Nations-Organisation for the Prohibition of Chemical Weapons (OPCW) mission to destroy Syria's chemical weapons. "Much speaks in favor of the overwhelming portion of poisonous substances in Syria being removed beyond its borders," state-run news agency RIA quoted Ryabkov as saying.
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Exclusive: Road-paint supplier Ennis-Flint steered toward sale 
Friday, Nov 01, 2013 12:21 PM PDT
By David Toll and Steve Gelsi NEW YORK, Nov 1 (Buyouts Magazine) - Ennis-Flint, a supplier of road paint used to make double-yellow stripes along the middle of roads, has recently been on the block in a deal that could exceed $575 million in enterprise value, according to two sources familiar with the auction. Harris Williams & Co, a Richmond, Va.-based investment bank, was tapped to represent the seller. The Dallas and Thomasville, N.C.-based Ennis-Flint, which sells a variety of products related to traffic safety, describes itself as the world's largest maker and supplier of pavement markings. It was created last year through the combination of two companies, Ennis Paint Inc and Flint Trading Inc, both owned by Dallas-based Brazos Private Equity Partners LLC. In a press release announcing the early 2012 deal, Brazos Private Equity Partners put the enterprise value of the combined company at $575 million.
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Google's mystery barges revealed as luxury showrooms with party deck: report 
Friday, Nov 01, 2013 12:20 PM PDT
Mysterious structure built on floating barge is seen in San Francisco BayBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc's mysterious barges, which prompted fevered speculation about everything from offshore data centers to floating research labs, may serve a more prosaic role as upscale party venues and showrooms. The multi-story vessels made out of stacked shipping containers, one moored in the San Francisco Bay and the other at the Portland, Maine harbor, are invitation-only luxury showrooms for Google's Glass wearable computers and other gadgets, according to local San Francisco TV station KPIX. The existence of the floating barges surfaced last week, when technology website CNET theorized that the San Francisco vessel might be a floating data center that would house banks of computers. Google was granted a patent for a water-based data center in 2009.
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Seven wounded in Los Angeles airport shooting, six hospitalized 
Friday, Nov 01, 2013 12:15 PM PDT
LOS ANGELES (Reuters) - Seven people were wounded in the shooting at Los Angeles International Airport on Friday and six of them were taken to local hospitals for treatment, A Los Angeles fire department spokesman said. (Reporting by Dan Whitcomb)
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Euro falls on potential ECB rate cut; stocks slip 
Friday, Nov 01, 2013 12:14 PM PDT
A visitor walks past logos at the TSE in TokyoBy Herbert Lash NEW YORK (Reuters) - Global equity markets slipped on Friday despite upbeat factory data worldwide, while the euro fell to a two-week low against the dollar on growing expectations the European Central Bank will ease monetary policy further to encourage growth. Stocks on Wall Street see-sawed after data showing U.S. manufacturing expanded briskly in October raised some worries that the U.S. Federal Reserve may scale back its massive stimulus much sooner than expected. The Institute for Supply Management (ISM) said its index of U.S. factory activity rose to 56.4 last month - its best showing since April 2011 - from 56.2 in September. The S&P and Dow Jones industrial average have repeatedly hit record highs this year, including earlier in the week, but the strong gains have triggered some concerns about how much further the rally can continue.
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Analysis: New borrowing tool could make U.S. debt debates less harrowing 
Friday, Nov 01, 2013 12:12 PM PDT
Treasury Secretary Lew speaks at Center for American Progress 10th Anniversary policy forumNext week, the U.S. Treasury will unveil plans for a new borrowing tool that could eventually take some of the edge off future fiscal debates. Most U.S. politicians understand that not raising the debt ceiling can trigger default within days or weeks. What is less appreciated is that if creditors balked at any of the weekly auctions where the Treasury must raise $100 billion to repay short-term debts, the federal government could go broke immediately. "We could unexpectedly dissipate our entire cash balance," Treasury Secretary Jack Lew told lawmakers on October 10.
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Lone suspect in L.A. airport shooting used assault rifle: police 
Friday, Nov 01, 2013 12:07 PM PDT
The suspect in the Los Angeles International Airport shooting appears to have acted alone and was using an assault rifle, police said on Friday. "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 said at a press conference. Writing by Dan Whitcomb;
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Ford top Canadian seller, GM beats Chrysler in October 
Friday, Nov 01, 2013 11:54 AM PDT
was the top selling automaker in Canada in October and year to date, while General Motors Co' outsold Chrysler in Canada last month, with sales at both Ford and GM jumping 10 percent. Ford sales rose to 22,647 vehicles, up from 20,565 in October 2012, according to company data released on Friday.
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Barrick offering lands with a thud, shares slide 
Friday, Nov 01, 2013 11:52 AM PDT
File handout photo of construction at Barrick Gold's gold processing plant at the Pacua-Lama mine in ArgentinaToronto-based Barrick said late on Thursday it would issue more than $3 billion worth of common shares in a bought deal to pay down part of its large debt load. "There's a good chance the stock will continue to work its way lower." The weak reception for the share offering will have no impact on how much Barrick receives, but could hurt the deal's underwriters, led by RBC Capital Markets The offering followed news on Thursday that Barrick would temporarily shelve its massive Pascua-Lama mine. The gold-silver project, under construction high in the Andes on the border between Chile and Argentina, had been a key growth project for Barrick but also a drain on cash reserves.
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U.S. government shutdown dampens October car sales 
Friday, Nov 01, 2013 11:48 AM PDT
The Chrysler logo is shown on a new Chrysler 200 on the showroom at the Massey-Yardley Chrysler, Dodge, Jeep and Ram automobile dealership in PlantationBy Bernie Woodall and Ben Klayman DETROIT (Reuters) - The 16-day U.S. government shutdown in early October appeared to dampen consumers' appetite for new cars, as seven of the top eight automakers reporting monthly sales on Friday missed analysts' expectations. Analysts had expected a 12 percent increase. The weaker-than-expected sales rate "was primarily driven by the government shutdown impacting consumer sentiment through the first half of the month," Morgan Stanley analyst Adam Jonas said on Friday in a briefing note to clients. Analysts had forecast stronger performances in October from Ford Motor Co and Chrysler Group LLC, as well as from Toyota Motor Corp, Honda Motor Co, Nissan Motor Co, Hyundai Motor Co and Volkswagen AG.
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Lead character in Syria war film emerged from carnage 
Friday, Nov 01, 2013 11:46 AM PDT
By Rania El Gamal ABU DHABI (Reuters) - When Mohammed Soueid started shooting a film about Syria's civil war, he collected footage from three activist cameramen and had no idea who his lead character would be. It was only as he looked over the shots that it became the story of Abu Bakr, a rebel with the Islamist Al Tawheed Brigade fighting in the streets of Aleppo from February until October 2012. "When I reviewed the shots I found that there is one character who is always there and that is Abu Bakr and his story is developing. The Lebanese director spoke to Reuters after a screening of his film "Hanging Dates Under Aleppo's Citadel" at the Abu Dhabi Film Festival this week.
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Spirit Aero posts profit, says asset sale progressing 
Friday, Nov 01, 2013 11:45 AM PDT
It is also selling assets such as Oklahoma operations that handle wing design for Gulfstream, a subsidiary of General Dynamics Corp Chief Executive Larry Lawson, a former Lockheed Martin executive, said on Friday that Spirit is talking with potential buyers for the Oklahoma operations and added the sales process will likely extend into next year. Those trends bode well for Spirit AeroSystems, which makes fuselages and wing systems.
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