"For something of this magnitude and this controversial... there will be somebody who will challenge it," said Brian Cartwright, an advisor at consultancy Patomak Global Partners and a former general counsel at the Securities and Exchange Commission, one of the agencies voting on the measure.» Read More
President Barack Obama quietly met with the CEOs of Apple Inc, AT&T Inc as well as other technology and privacy representatives on Thursday to discuss government surveillance, according to a media report.
LONDON, Aug 9- The balance of power between host countries and petroleum companies has shifted decisively as a result of the shale revolution and the push into deepwater oil and gas fields off the coast of Latin America and Africa.
LONDON/ MOSCOW, Aug 9- North America's shale boom is insulating the world from steep oil price spikes as several OPEC members struggle to maintain production due to unrest and infrastructure problems, the International Energy Agency said on Friday.
*Strikes, unrest, infrastructure woes cut OPEC supplies-IEA. LONDON, Aug 9- Brent crude oil rose by $1 to reach more than $107 a barrel on Friday, driven by North Sea and Libyan supply disruptions and evidence that the economy of the world's top energy consumer, China, was stabilising.
*Priceline gains on results, headed towards $1,000 a share. NEW YORK, Aug 9- U.S. stock index futures were lower on Friday, putting major indexes on track for their worst week since June, as investors found few reasons buy with equity prices near record levels.
*KPN up around 16 pct on America Movil offer. LONDON, Aug 9- European shares rose on Friday, buoyed by miners, as reassuring economic data out of top metals consumer China prompted investors to hunt out bargains in the badly beaten-down sector.
LONDON, Aug 9- The European Union will have to use all means at its disposal to convince people to accept construction of priority power transmission lines equal to four times the Earth's diameter, which are needed to integrate rapidly growing renewable power.
*Facebook shares finally surpass IPO price. BOSTON, Aug 9- Nabil Elsheshai jokes about wasting time on Facebook, but his surfing has paid off. A senior equity analyst for Thrivent Financial in Minneapolis, Elsheshai had advised his firm not to buy Facebook Inc's initial public offering last year at $38 per share due to concerns that it was overpriced.
NEW YORK, Aug 9- Facing increased competition from free calorie-counting apps, Weight Watchers International Inc is targeting a steadily growing market- employers looking for a leaner workforce.
NEW YORK, Aug 9- Three months after a team of international law enforcement officials raided the digital currency firm Liberty Reserve, cyber experts say criminals are increasingly turning to another online currency called Perfect Money.
*Italy has completed 80 percent of its funding target. LONDON, Aug 9- The risk premium on Italian bonds hit its lowest since July 2011 on Friday, with the government's solid funding position and signs the euro zone's third largest economy is stabilising luring in investors.
*China factory output eases concerns over growth outlook. However, a run of upbeat Chinese economic data in the past two days has eased concerns about a slowdown in China, which could have derailed the fragile growth underway in the United States and hopes of a European recovery, and given some investors reasons to buy.
LONDON, Aug 9- Britain's InterContinental Hotels Group will give online travel agents Expedia.com and Priceline.Com Inc's Booking.com more leeway to cut room rates in a bid to assuage watchdog charges it was limiting competition.
*2nd- quarter earnings per share $1.78 vs est $1.64. Aug 9- Canadian auto parts maker Magna International Inc reported a stronger-than-expected 19 percent rise in second-quarter profit and raised its sales forecast for the year, buoyed by increased vehicle production in North America.
*Gold eases after rally as dollar lifts from lows. *Platinum at most expensive versus gold in two years. LONDON, Aug 9- Gold prices eased back below $1,310 an ounce on Friday to head for a second straight weekly loss, as the dollar recovered from this week's seven-week low and uncertainty persisted over the outlook for U.S. monetary policy.
HONG KONG, Aug 9- Tesco Plc will slash its China exposure by taking just 20 percent of a new venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market and allows the British retailer to focus on turning around its domestic business.
MOSCOW, Aug 9- Russia's central bank warned of risks to growth on Friday and said output was below potential but, with inflation above target and the rouble weak, it resisted political pressure to cut interest rates. Data this month showing that manufacturing and services sector activity shrank in July added to signs that Russia's economy is losing steam.
*PetroChina also talking to Lukoil on another stake at same field-sources. BEIJING/ MOSCOW Aug 9- China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Lukoil to buy into a second project at the field, industry sources said on Friday.
*New trading platform could set stage for bank bailout. BEIJING/ SHANGHAI, Aug 9- China is developing a new trading platform to enable banks to sell off loans to a wider range of investors, in a move that could pave the way for a government bailout of lenders or distressed asset sales to private investors.
LONDON, Aug 9- The total value of private equity-backed merger and acquisition deals globally so far this year is $196.4 billion, Thomson Reuters data showed on Friday, the strongest period since 2007..