The letter from pension consulting firm Russell Investments said Blackstone submitted its redemption notice to SAC Capital sometime before May 15 because of ongoing concerns about the insider trading investigation that continues to engulf Cohen's fund.» Read More
SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as investors focused on a revival in U.S. consumer spending and a recovery in Europe's banks as evidence of a strengthening global economic recovery. *Copper on Wednesday climbed to its loftiest since Jan. 3 at $8,245, drawing close to the early January top of $8,256.50.
SINGAPORE, Jan 31- Total bank lending in Singapore rose 1.9 percent in December from November, central bank data showed on Thursday. Loans and advances by domestic banking units in the city-state amounted to S $490.8 billion last month, up from S $481.7 billion in November. The ACU market refers to loans denominated in currencies other than the Singapore dollar.
SINGAPORE, Jan 31- Jet engine maker Pratt& Whitney, a unit of United Technologies Corp, will invest $110 million to set up two facilities in Singapore and expand existing operations- a boost to the Asian city-state's efforts to grow its manufacturing base.
SAN FRANCISCO, Jan 30- Electronic Arts Inc slashed its fiscal 2013 earnings forecast after a weaker-than-expected holiday quarter marked by disappointing sales of its "Medal of Honor" title, as the industry struggles with flagging demand.
*Nintendo sags after forecasting 2nd year of loss. TOKYO, Jan 31- Japan's Nikkei average dipped on Thursday, with investors booking profits after it had risen sharply in the previous session to end above 11,000 for the first time in 33 months.
*Facebook, Apple bulk orders shift by two quarters. Jan 30- Fusion-io Inc slashed its fiscal 2013 revenue forecast as key customers Facebook Inc and Apple Inc delayed orders, sending the storage drive maker's shares down 21 percent after the bell.
Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.
*China's top luxury watch distributor Hengdeli Holdings Ltd said there had been no material change in its operations and its business continued to operate in a stable manner.
SINGAPORE, Jan 31- Gold was little changed on Thursday, hovering below a one-week top hit in the previous session when data showing a surprise contraction in the U.S. economy and the Federal Reserve's decision to continue its bond-buying plan supported bullion.
Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilizing global demand and exports will help pull the economy from its slump.
NEW YORK, Jan 30- Qualcomm Inc, the world's leading supplier of chips for cellphones, reported quarterly earnings and revenue that beat Wall Street expectations and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.
TOKYO, Jan 31- Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilising global demand and exports will help pull the economy from its slump.
SAN FRANCISCO/ PARIS, Jan 30- STMicroelectronics posted a quarterly net loss and said it could need as much as $500 million to get out of its struggling mobile chip joint venture with Ericsson. STMicro and Ericsson formed ST-Ericsson in 2008 but the mobile chipmaker has failed to make a profit.
*MSCI Asia ex- Japan down 0.1 pct, Nikkei opens down 0.5 pct. The MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent after rising to nearly an 18- month high the previous session. I think we will see some profit-taking in today's market, "said Takashi Hiroki, chief strategist at Monex Inc..
TOKYO, Jan 31- U.S. crude futures rose for a fourth day on Thursday to above $98 a barrel, holding near a four-and-a-half month high hit a day earlier, supported by better-than-expected European economic data that improved the outlook for global fuel demand.
TOKYO, Jan 31- Japan's industrial output increased 2.5 percent in December, rising at the fastest pace since June 2011, government data showed on Thursday, in a sign that the impact from falling exports and weak global demand was waning.
*Research In Motion changes company's name to BlackBerry. NEW YORK, Jan 30- Research In Motion Ltd on Wednesday unveiled the long-delayed line of smartphones it hopes will put it on the comeback trail, but it disappointed investors by saying U.S. sales of its all-new BlackBerry 10 devices will not start until March, sending its share price tumbling 12 percent.
MEXICO CITY, Jan 30- Mexico's telecoms chief Mony de Swaan is due to face lawmakers on Thursday who want to know why he awarded millions of dollars in government contracts they believe may have been redundant.
NEW YORK, Jan 30- Qualcomm Inc beat Wall Street expectations for its fiscal first-quarter earnings and revenue and raised its financial targets for 2013 due to growing demand for smartphones and high-speed wireless services.