UPDATE 1-White House: Disputes over South China Sea must not involve 'bullying' WASHINGTON, Feb 9- President Barack Obama will deliver a tough message to China during a summit with Southeast Asian countries next week that disputes in the South China Sea must be resolved peacefully and not with a big nation "bullying" smaller neighbors, the White House said on Tuesday. Though China will not be represented, Obama's aides made clear that...
| By: Matt Spetalnick and Jeff Mason
No snakes, but snacks on these planes Two big airline carriers are winning praise from fliers who believed a small but key amenity - free snacks - had all but disappeared forever.
| By: Harriet Baskas, Special to CNBC
Palm oil prices to rise on tight stocks, may hit 2,700 rgt in Q2 -Mistry Feb 7- Palm oil prices could jump more than expected to 2,700 ringgit per tonne in the second quarter, the highest since early 2014, as seasonally lower output and dry weather dent inventories across Southeast Asia, vegetable oils analyst Dorab Mistry said. Concerns that dryness linked to an El Nino weather pattern will lower fresh fruit bunch yields in top...
MIDEAST STOCKS-Saudi, Egypt edge down in early trade after oil weakens DUBAI, Feb 7- Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of last week. Saudi Cement rose 2.0 percent after the company recommended a dividend distribution of 3.00 riyals per share for the second half of 2015, versus a...
UPDATE 3-Burberry, Tom Ford align runway shows with retail availability *Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...
| By: Li-mei Hoang and Astrid Wendlandt
MIDEAST STOCKS-Saudi, Egypt up in early trade as oil rises DUBAI, Feb 4- Stock markets in Saudi Arabia and Egypt rose in early trade on Thursday as a second day of rising oil prices helped to revive risk appetite. Saudi Basic Industries, the largest petchem by market value, jumped 3.0 percent. However, strength in Saudi stocks late on Wednesday was accompanied by lower trading volumes, suggesting the index is still in an...
Affiliated Managers tops 4Q profit forecasts WEST PALM BEACH, Fla. _ Affiliated Managers Group Inc. on Tuesday reported fourth-quarter profit of $150.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share. Affiliated Managers shares have fallen 17 percent since the beginning of the year.
Source: The Associated Press
Street explained: Mystery moves market Part of the global selling in stocks that started in December may be due to oil-related sovereign wealth funds unwinding assets, particularly in the financial space.
| By: Bob Pisani
Tropicana, Borgata reinvesting millions into casinos, hotels The Tropicana on Thursday announced a $25 million renovation that will re-do 500 hotel rooms in its Havana Tower; remake the South Tower casino area, and add a high-limit slot area just off the casino's Palm Walk. The work also will include a face lift for Jade Palace, its Asian gambling room, and it will add five new shows to the Tropicana's outdoor multimedia light...
Source: The Associated Press
| By: By WAYNE PARRY, Associated Press
Palm Beach hedge fund glitz fails to impress some investors Many big-money clients- representatives of wealthy families, endowments and private investment firms in New York, London and Geneva- came to the Morgan Stanley Hedge Fund Forum at the $1,000- a-night Breakers Palm Beach resort in a sour mood, hurt by their hedge fund investments last year and so far in January. The Breakers gathering, in its 18th year, once again...
| By: Lawrence Delevingne