In today's FT: Obama gives go-ahead to arm Syria rebels, Fear Heste...


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Financial Times
In today's FT
Friday June 14 2013

Financial Times - UK Homepage
 
Obama gives go-ahead to arm Syria rebels
White House said Syrian forces had used small quantities of chemical weapons, including sarin gas, and that 100-150 people had died
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/4VN0R3/GX/h?a1=2013&a2=6&a3=13
 
Fear Hester exit will speed RBS defections
UK Financial Investments, which manages the government's bank stakes, played a key role in influencing board's view that CEO should go
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/ULDUKU/GX/h?a1=2013&a2=6&a3=13
 
Genes cannot be patented, US court rules
The US Supreme Court rules that isolated pieces of DNA are not patentable in a decision with sweeping consequences for biotechnology companies
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/SUX34M/GX/h?a1=2013&a2=6&a3=13
 

Financial Times - US homepage
 
Hopes for G8 trade and tax deals dented
France and Canada resisting a last-minute push for an ambitious trade and tax package at the Northern Ireland global summit
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/T1KPWJ/GX/h?a1=2013&a2=6&a3=13
 
Bond sales dry up as interest rates rise
US sales of investment grade corporate debt almost slide to a complete halt, with companies accepting concessions to drive deals through
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/EK8WBB/GX/h?a1=2013&a2=6&a3=13
 
Murdoch files for divorce
Wendi Deng Murdoch has no equity in News Corp and no voting rights in a company where the Murdoch family controls 39.4% of the voting stock
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/DXG4BR/GX/h?a1=2013&a2=6&a3=13
 

Financial Times - Europe homepage
 
Erdogan meets main protest group
Last-minute move by Turkish prime minister comes after delivering 'final warning' to protesters, stoking expectations of an imminent police operation
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/LSAQ2S/GX/h?a1=2013&a2=6&a3=13
 
Asian markets follow Wall Street higher
Equity markets opened higher after a strong session on Wall Street
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/XBETI0/GX/h?a1=2013&a2=6&a3=13
 
Iranian reformists rethink vote boycott
Regime's careful planning to avoid repeat of 2009 unrest has not stopped reformists from uniting behind moderate candidate at last minute
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/OFMJ7O/GX/h?a1=2013&a2=6&a3=13
 

Financial Times - Asia homepage
 
Madoff's UK operation was 'warehouse' for 'stolen money'
Directors of Madoff Securities International are being sued by Grant Thornton, liquidators of the group, for breaching their fiduciary duty
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/T1KPXL/GX/h?a1=2013&a2=6&a3=13
 
Dairy producers flock to China's babies
Domestic safety concerns are fuelling demand for foreign formula, creating opportunities for producers and headaches for regulators
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/GYOK6U/GX/h?a1=2013&a2=6&a3=13
 
EU probes Google over Android licensing
Antitrust watchdog asks device makers and mobile operators for information after allegations of cut-price deals and exclusivity agreements
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/PN5RMG/GX/h?a1=2013&a2=6&a3=13
 

World News
 
Agricultural groups explore impact of ruling
Makers of genetically modified seeds and other altered plant materials believe products have been changed enough to fall outside Supreme Court finding
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/A5T7LS/GX/h?a1=2013&a2=6&a3=13
 
Germany seeks to halt EU-Turkey talks
Berlin lobbies other members to delay negotiations as Turkish prime minister delivers 'final warning' to demonstrators to quit Gezi Park
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/3CFORM/GX/h?a1=2013&a2=6&a3=13
 
China group plans $40bn Panama Canal rival
Lawmakers voted to grant 50-year concession to HKND Group to study and then possibly build 286km-long canal linking Atlantic and Pacific coasts
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/B4HMTE/GX/h?a1=2013&a2=6&a3=13
 
Spain's austerity pain fuels brain drain
Critics accuse the government of hacking away at one of the key pillars of future economic recovery as spending on R&D has been cut by 40% since 2009
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/3CFOR4/GX/h?a1=2013&a2=6&a3=13
 
US intelligence chief under scrutiny
Revelations have focused scrutiny on surveillance activities of the intelligence services and have reignited debate about privacy in the digital age
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/1OJ89P/GX/h?a1=2013&a2=6&a3=13
 

Companies news and analysis - FT.com
 
Stephen Hester: Anatomy of a departure
As April and May progressed, RBS board became convinced that a change of leadership was needed – not after reprivatisation in 2015 or beyond, but before
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/EK8WBG/GX/h?a1=2013&a2=6&a3=13
 
Chancellor 'clear' on vision for RBS
Among the possible options, none guarantees that bank will achieve the definitive measures of success: sustainable profitability and reprivatisation
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/7ZU2PS/GX/h?a1=2013&a2=6&a3=13
 
Coty shares slip takes gloss off IPO
Jitters reflect concerns over whether the company was priced at a multiple that was only slightly cheaper to its publicly traded competitors
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/LSAQVM/GX/h?a1=2013&a2=6&a3=13
 
Apple veteran tells of ebook hopes
DoJ alleges that Cue, a 24-year Apple veteran, was the 'chief ringleader of the conspiracy' between tech group and publishers to fix ebook prices
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/1OJ89H/GX/h?a1=2013&a2=6&a3=13
 
Batista promises to hold on to OGX stock
Statement will be interpreted as attempt to assuage a crisis in confidence in OGX, caused by stock sale in which tycoon sold 70.5m shares last month
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/B4HMLZ/GX/h?a1=2013&a2=6&a3=13
 

Markets
 
Watch out for the rate hike hit to banks
Regulators and some bankers are trying to assess just how damaging a US rate increase might be – not just for big banks, but small ones too
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/VTY1KN/GX/h?a1=2013&a2=6&a3=13
 
Copper bulls seize on scrap shortage
Sharp drop in availability of scrap copper has caught the attention of some hedge funds and traders, making them bullish about the red metal
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/Z89BEP/GX/h?a1=2013&a2=6&a3=13
 
EM local currency funds suffer reversal
Twin attractions of high yield and currency appreciation backfire as US Treasury yields rise on fears the Fed will cut back its bond buying
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/WHILY1/GX/h?a1=2013&a2=6&a3=13
 
Equity rout gives Japan bulls sharp reality check
Mood is subdued as stock market enters bear territory but analysts say sell-off was triggered by external factors and within Japan news is positive
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/DXG4HG/GX/h?a1=2013&a2=6&a3=13
 
Gannett leads stronger US stocks
Broad rally sends S&P 500 up 1.5% to 1,636.36, after it traded lower in the past three sessions. Nine of 10 major sectors finished up at least 1%
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/Q34FMI/GX/h?a1=2013&a2=6&a3=13
 

Financial Times - Comment
 
China is giving Europe a harsh lesson
A proposed trade and investment pact with the US offers the EU a chance to avoid irrelevance but a pall has fallen over prospects for a deal
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/HI0DOQ/GX/h?a1=2013&a2=6&a3=13
 
Osborne should not have meddled
The chancellor acted within his rights but had no business interfering in the management of the bank
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/T1KPW4/GX/h?a1=2013&a2=6&a3=13
 
Hester's exit hints at banking's future
Reshuffle suggests chancellor will not endorse radical restructuring of RBS and wants to start share sales before the 2015 election
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/T1KPXB/GX/h?a1=2013&a2=6&a3=13
 
Cease this talk of competitiveness
The word makes much of trade, economic and even foreign policy sound like a zero-sum game in which one country's gain is another's loss
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/523CNV/GX/h?a1=2013&a2=6&a3=13
 
Look beneath Iran's revolutionary veneer
Isolation is not inevitable – a relatively conservative president may prove more able to create a coalition for change than past reformist leaders
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/SUX3WZ/GX/h?a1=2013&a2=6&a3=13
 

Financial Times - Management
 
Putting in a good word on sentences
White-collar criminals such as Bernard Madoff turn to Herbert Hoelter, a prison and sentencing consultant for help on mitigating their punishment
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/VTY1KE/GX/h?a1=2013&a2=6&a3=13
 
Mac Pro steals show with radical redesign
At Apple's developer conference a stunning new look for the company's high-end workstation captured attention, while Alienware offered a revamp of its own
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/OFMJ7P/GX/h?a1=2013&a2=6&a3=13
 
Got a spare desk? Let a freelancer use it
Creative agency staff are getting a buzz from working next to outsiders, who are also ganing from the experience
http://link.ft.com/r/IOCBMM/EK1ESU/TP5EB2/OR9PBL/523CFL/GX/h?a1=2013&a2=6&a3=13
 
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