By Ian Chua SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy step. Major currencies were mostly subdued ahead of the end of the Fed meeting. A policy statement is due at 1800 GMT (1400 EDT) and Chairman Ben Bernanke will brief media half an hour later. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.3 percent, led by a 1.3 percent fall in mainland Chinese stocks . ...
By Sinead Carew NEW YORK (Reuters) - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp. The decision may be good news for Japan's SoftBank Corp, which is also trying to buy Sprint. A purchase by SoftBank could provide Sprint with access to more capital that it could use to beef up its network and compete better. ...
By Miyoung Kim SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows. The Thomson Reuters/INSEAD Asia Business Sentiment Index climbed six points to 71 in June, its highest level in five quarters and the third consecutive quarterly rise. A reading above 50 indicates a generally positive outlook. ...
(Reuters) - Massachusetts State Police searched the home of New England Patriots tight end Aaron Hernandez on Tuesday as part of a probe into a suspected homicide, according to ABC News. Hernandez was initially uncooperative with police after the body of a 27-year-old man was found in an industrial park near his home in North Attleborough on Monday, ABC News said, citing unnamed law enforcement sources. A police spokesman confirmed there was a homicide investigation under way in North Attleborough, but declined to give further details. ...
MIAMI (Reuters) - Ray Allen made a three-pointer with five seconds left to force Game Six of the National Basketball Association (NBA) Finals between into Miami Heat and San Antonio Spurs into overtime. With Miami needing a three-pointer to stay alive, Allen made the shot from the corner to tie the scores at 95-95 after LeBron James had missed an attempt a few seconds earlier. Miami overturned a 13-point deficit in the third quarter to grab the lead in the final period before San Antonio regained control with an 8-0 run. ...
By Sharon Bernstein LOS ANGELES (Reuters) - Weeks after a fight over the Sacramento Kings basketball team ended with promises of a new arena and a decision to stay in town, a tussle over another ball club is roiling professional sports in California - this time involving baseball. In an action that highlights the big dollars at stake when teams move to a new community, the city of San Jose sued Major League Baseball on Tuesday, alleging it was holding up a proposed relocation by the Oakland Athletics. ...
LOS ANGELES (Reuters) - Teen pop star Justin Bieber struck a photographer with his Ferrari sports car while driving away from a comedy club in Los Angeles on Monday night, but the accident was not considered a hit-and-run, police said. Video taken outside the Laugh Factory comedy club showed Bieber behind the wheel of his white Ferrari, surrounded by photographers as he was pulling away. Celebrity website TMZ said Bieber motioned the photographers to clear out of the way but apparently pinned one between his Ferrari and a parked car as he pulled out. He then drove away. ...