*Malaysia Airlines says "fearing the worst". KUALA LUMPUR/ PHU QUOC ISLAND, Vietnam, March 9- M alaysia Airlines said it was "fearing the worst" on Sunday for a plane carrying 239 people that went missing more than 24 hours ago, as the government said it was investigating four passengers who may have held false identity documents.» Read More
HONG KONG, Sept 17- The Devil, it seems, wears anything but Prada in the eyes of Chinese bloggers determined to expose corrupt government officials flashing luxury labels way past their pay grades.
JAKARTA, Sept 17- Two of Indonesia's biggest miners are building power stations to reignite coal demand and counter a drop in global prices that has squeezed industry-wide profit margins to their slimmest in a decade and dulled the appeal of exports to top consumer China.
HONG KONG/ BEIJING, Sept 17- A corruption investigation into PetroChina has put the spotlight on Chinese entrepreneur Hua Bangsong and the links that his company, Wison Engineering Services, has with the oil giant.
Sept 16- Outerwall Inc, operator of the Redbox video rental kiosks, slashed its third-quarter earnings forecast due to higher promotional discounts, sending its shares down nearly 20 percent in trading after the bell.
Sept 16- Outerwall Inc, operator of the Redbox video rental kiosks, slashed its third-quarter earnings forecast due to higher promotional discounts. The company now expects third-quarter core diluted earnings of 82 cents to 94 cents per share, down from the $1.36 to $1.51 per share it forecast earlier.
The expectations of the investors- hedge funds, institutional clients and other investors surveyed by Citigroup, 56 in total- fall far short of a Congressional Budget Office forecast that 7 million Americans will seek subsidized health coverage through the online exchanges.
*Aimia shares reach highest since April 2008. The agreement, which drove shares of Aeroplan loyalty program operator Aimia to a five-year high, averts a potential legal battle between the two banks and also eliminates uncertainty over the future of the card that could have seen customers flee to other banks.
*Gold retreats after initial rally. NEW YORK/ LONDON, Sept 16- Gold fell 1 percent on Monday after the bullion market failed maintain a rally set off withdraw as a candidate to lead the U.S.
NEW YORK, Sept 16- U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about what was shaping up to be a contentious confirmation process. The Nasdaq was lower, pressured by a 3.2 percent drop in Apple Inc shares.
Sept 16- JPMorgan Chase& Co is near a final settlement of probes into its London Whale derivatives loss and expects to pay about $700 million, according to source familiar with the matter. The source spoke after Bloomberg News and the Wall Street Journal reported that JPMorgan has agreed with regulators on how much it will pay.
Sept 16- PNC Financial Services Group Inc's projected Tier 1 common ratio will fall to a low of 9.4 percent through the second quarter of 2015 under a severely adverse scenario, the lender's mid-year stress test results showed.
Sept 16- Activist hedge fund Starboard Value LP said network equipment maker Emulex Corp was "extremely undervalued" and called for reconstituting the board to include shareholder advocates.
*U.S.- Russia pact on Syria seen paring safety bids for bonds. NEW YORK, Sept 16- U.S. Treasury debt prices rose on Monday after the withdrawal by Lawrence Summers for consideration as chairman of the Federal Reserve eased fears of more aggressive monetary policy tightening if he were to head the U.S. central bank.
NEW YORK, Sept 16- U.S. stocks advanced on Monday and the S&P 500 touched a six-week high after former Treasury Secretary Lawrence Summers withdrew as a candidate to be Federal Reserve chairman, removing market uncertainty about what was shaping up to be a contentious confirmation process.
WASHINGTON, Sept 16- Banks have got into the habit of reducing reserves held in case of losses in an effort to boost earnings, a top U.S. bank regulator said on Monday.
MIRABEL, Quebec, Sept 16- Bombardier Inc said on Monday that the cost of developing its CSeries jetliner had climbed to about $3.9 billion from its previous estimate of $3.4 billion. He said the aim is to keep the cost below $4 billion.
SAN FRANCISCO, Sept 16- Federal Reserve Vice Chair Janet Yellen surged to the top of the betting boards as the most likely pick to succeed Ben Bernanke as chairman of the Fed on Monday after former U.S. A day after Summers bowed out, Irish bookmaker Paddy Power was offering odds of 1/ 7 for Yellen.
Sept 16- Bank of America Corp said its mid-cycle stress test showed that the bank had enough capital to withstand a severe economic downturn. The bank projected $26.1 billion in cumulative pre-tax loss over the specified nine-quarter horizon under the hypothetical stress scenario.
MIRABEL, Quebec, Sept 16- Bombardier Inc said on Monday that the cost of developing its CSeries jetliner had climbed to about $3.9 billion from its previous estimate of $3.4 billion. Michele Arcamone, president of Bombardier Commercial Aircraft, said at a press conference that the figure had climbed as the development progressed and the costs became more clear.
NEW YORK, Sept 16- The Nasdaq OMX Group Inc announced plans to resume options trading on several exchanges after system issues at the centralized Options Price Reporting Authority forced a trading halt. Nasdaq said it planned to resume trading in PHLX options at 1410 ET with trading on the Nasdaq Options MKT and BX Options scheduled to resume at 1415 ET.