NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.» Read More
LONDON, Sept 18- European shares hovered near five-year highs on Wednesday, staying within their weekly range as investors held fire ahead of an expected first cut to the Federal Reserve's equity-friendly stimulus programme.
CARACAS, Sept 18- China's CNPC will work with Venezuela's state oil company PDVSA to develop the Junin 10 block in the South American country's Orinoco extra heavy crude belt, the Venezuelan petroleum minister said on Wednesday.
Sept 18- Goldman Sachs Group Inc Chief Executive Lloyd Blankfein made his most public commitment to the bank's commodity trading business on Wednesday, even as regulators consider measures that may push Wall Street out of physical markets.
NEW YORK, Sept 18- Walgreen Co, the largest U.S. drugstore, is moving 120,000 employees to a private health insurance exchange where they can choose a plan from multiple insurers, a sign of the shifting landscape for corporate healthcare because of rising costs.
*Big western Libya oilfield ramps up production. LONDON, Sept 18- Brent crude rose above $108 a barrel on Wednesday after crude oil stockpiles in top consumer the United States sank to the lowest level since March 2012.
VANCOUVER, Sept 18- Bank of Canada Governor Stephen Poloz took a notably upbeat tone on Wednesday, predicting the Canadian economy would start to strengthen and its potential for growth increase as the U.S. recovery takes hold.
Sept 18- Atossa Genetics Inc said an affiliate of U.S. drug wholesaler McKesson Corp would distribute its device used to collect breast fluid for cancer detection. The fluid is then analyzed at Atossa's unit, the National Reference Laboratory for Breast Health, using the company's Forecyte devices to assess breast cancer risk.
NEW YORK, Sept 18- The dollar and global equity markets traded near break-even on Wednesday ahead of what is expected to be the first step by the Federal Reserve to wean the world off the super-easy money it has used to treat the last five years of financial turmoil.
SAO PAULO, Sept 18- Brazil kicked off its latest campaign to lure billions in private investment to upgrade the country's creaky infrastructure by awarding the first of nine highway concessions, a process it hopes to complete by year-end.
Attorney General Eric Holder, Health and Human Services Secretary Kathleen Sebelius, Federal Trade Commission chairwoman Edith Ramirez and other federal and state officials were to discuss the privacy and security issues at White House meeting on Wednesday, officials said.
U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months.
*Libya losing $130 million a day in lost oil revenues. *Libya has FX reserves of more than $100 billion. LONDON, Sept 18- Libya could start dipping into financial reserves from next month if prolonged protests crippling the oil sector are not resolved, Finance Minister Alkilani Abdelkarim al-Jazi said.
Despite an 8 percent drop in quarterly revenue Adobe Systems's Creative Cloud exceeded paid-subscriber forecasts, sending shares up 4 percent.
NEW YORK, Sept 18- U.S. stocks were little changed on Wednesday ahead of an announcement by the Federal Reserve on the future of its economic stimulus program. Fed Chairman Ben Bernanke holds a press conference at 2:30 p.m..
BUENOS AIRES, Sept 18- The Argentine government is preparing to offer $1.5 billion in cash to Spanish oil company Repsol in compensation for the 2012 nationalization of Argentina's main energy company, YPF, the newspaper La Nacion reported on Wednesday.
Treasury has sold another block of shares in General Motors Co, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March.
WASHINGTON, Sept 18- U.S. corporations will need to disclose how their chief executive officers' paychecks compare with those of their workers under a proposal unveiled on Wednesday by the U.S. Securities and Exchange Commission.
"While U.S. business performance remains strong, as evidenced by robust recovery in the automotive sector, business leaders still see headwinds preventing a more sustained, robust recovery," said Jim McNerney, chairman of Business Roundtable and chairman and CEO of Boeing Co..
Sept 18- Shares of Mexico's low-cost airline Volaris rose as much as 13 percent on the New York Stock Exchange in their U.S. debut on Wednesday, after the company raised about $350 million through an initial public offering. Volaris's ADS opened at $12.76 at about 9:45 a.m. ET and touched a high of $13.58 in heavy volume trading early on Wednesday.
Sept 18- General Electric Co said it named Lorenzo Simonelli as chief executive of its oil and gas business, replacing Dan Heintzelman, who takes over as vice chairman of the company. Russell Stokes will replace Simonelli as CEO of GE Transportation.