SEATTLE, March 11- Microsoft Corp said on Tuesday it appointed Mason Morfit, president of activist investor ValueAct Capital, as a board member. The world's largest software company offered Morfit a board seat in August, following months of lobbying by ValueAct for a say on how Microsoft is run.» Read More
HONG KONG, Sept 17- Hong Kong shares slipped from a 17- month high on Tuesday, led by financial counters as turnover dropped ahead of the two-day meeting at which the U.S. The China Enterprises Index of the top Chinese listings in Hong Kong inched up 0.4 percent.
In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.3 percent, while Japan's Nikkei stock average, which opened higher after a holiday on Monday, changed gears and closed 0.7 percent lower.
*FTSE 100 down 0.3 percent. The FTSE 100 was down 20.53 points, or 0.3 percent, at 6,602.33 by 0734 GMT. Lloyds shares are up some 58 percent in 2013 and now trade on a 12- month forward price/earnings ratio of 12.5 times, against the FTSE 100 index on around 11.9 times, according to Thomson Reuters Datastream.
*Citi sees 25 percent upside in European stocks by 2014 end. LONDON, Sept 17- European shares edged lower on Tuesday, led down by weakness in carmakers after demand for autos fell last month, but they remained in touching distance of 5- year highs after a strong rally.
LONDON, Sept 17- The dollar edged lower on Tuesday but traded in a tight range before a two-day Federal Reserve meeting which is expected to result in stimulus being scaled back. A recent Reuters poll showed economists expect the Fed to reduce monthly asset purchases by a relatively modest $10 billion.
Sept 17- FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday with the aim of cutting its debt load as the company struggled to make certain loan payments, a court filing showed. In 2010 the owner of Penthouse magazine offered to buy rival Playboy Enterprises Inc for $210 million.
*Copper rises 0.2 pct, trades near Friday's 5- week low. SINGAPORE, Sept 17- Copper edged higher on Tuesday but stayed close to five-week lows in cautious trade ahead of a U.S. The most-traded December copper contract on the Shanghai Futures Exchange closed 0.2 percent higher at 51,460 yuan a tonne.
*Wing Hang could be worth as much as $6.3 bln- JPMorgan. HONG KONG, Sept 17- Hong Kong's family-run banks, under pressure from new rules requiring higher levels of capital, are finding M&A stars re-aligning in their favour, with Chong Hing Bank Ltd and now Wing Hang Bank Ltd getting takeover offers from suitors.
LONDON, Sept 17- Falling sales in Europe dented carmakers and dragged European shares lower on Tuesday as investors took a back seat before a U.S. Carmakers dropped 1 percent, the top falling sector, after the Association of European Carmakers said European car sales fell 4.9 percent last month.
*Sale raises 3.2 billion pounds for UK government. *UK FinMin: share sale an "important step". *UK pumped 20.5 bln stg into Lloyds in 2008 crisis.
HONG KONG, Sept 17- China shares suffered their biggest daily loss since July on Tuesday, as lukewarm August foreign direct investment accelerated profit-taking ahead of a two-day public holiday this week. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 2.1 percent at 2,427.3 points in its worst daily loss since July 29.
*Aim to reduce risks, head off another Dubai debt crisis. DUBAI, Sept 17- The United Arab Emirates central bank is expected to announce within one or two months rules restricting the amount of exposure which banks can have to the debt of government-related entities, a top commercial banker said on Tuesday.
Sept 17- FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday, a court filing showed. The holding company, which also houses internet sites such as adultfriendfinder.com, listed out estimated liabilities of $500 million to $1 billion and assets of $1 million to $10 million, a court filing showed.
AMSTERDAM, Sept 17- Philips, the Dutch healthcare, lighting and consumer appliances group, raised most of its financial targets on Tuesday after two years of job cuts, divestments, and a focus on core activities turned around performance.
HONG KONG, Sept 17- Asian shares eased and the dollar firmed on Tuesday as investors, who welcomed Lawrence Summers ending his bid to lead the U.S. European markets were seen taking a breather following Asia's lead, with futures for the Euro STOXX 50, Germany's DAX and France's down 0.1 to 0.3 percent.
SAN FRANCISCO, Sept 17- Minerva Schools of KGI doesn't yet have accreditation, a campus or even a full faculty roster, but it is offering something even Harvard can't- four years of free tuition for its first matriculating class.
SINGAPORE, Sept 17- Brent oil edged down on Tuesday, adding to steep losses in the prior session as easing worries over the Syrian crisis calmed fears that crude supply from the Middle East would be at risk.
TOKYO, Sept 17- Eiji Toyoda, who helped steer Toyota Motor Corp's global rise and pioneered the automaker's vaunted production system, died on Tuesday, the Japanese automaker said. A taciturn engineer, Toyoda served as president between 1967 and 1982. He was chairman until 1994 and remained an honorary advisor at Toyota up until the time of his death.
The Hamburg and Kiel-based bank earned its trail-blazer status by attracting 1.25 billion euros from US investor J.C. Flowers in 2006 and touting plans to list a significant minority of its equity on the stock market.
HAMBURG, Sept 17- To the casual observer, the Landesbanken's results for the first half of this year might suggest Germany's publicly-owned regional banks are in rude financial health.