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Ringgit opens higher against US dollar Posted: 19 Nov 2013 06:20 PM PST The ringgit was higher against the greenback in early trade Wednesday, boosted by buying support for the local unit, dealers said. At 9.08am, the ringgit rose against the US dollar to 3.1740/1770 compared with yesterday's close of 3.1770/1800. A dealer said the ringgit is expected to trade in the range of between 3.1650-3.1850 today. Meanwhile, the ringgit was mixed against other major currencies. The local note was slightly higher against the Singapore dollar at 2.5533/5561 from Tuesday's 2.5534/5565, and advanced against the Japanese yen to 3.1711/1754 from 3.1846/1892. However, the ringgit eased against the British pound to 5.1136/1197 from the 5.1131/1185 recorded yesterday, and lower against the euro at 4.3008/3055 from Tuesday's 4.2944/2990.-- Bernama

KL shares trade higher in early session Posted: 19 Nov 2013 06:14 PM PST Shares on Bursa Malaysia were traded higher in the early session today, despite the weaker overnight Wall Street, dealers said. Forty-five minutes into the opening, the FBM KLCI was 2.12 points better at 1,809.28. It had opened at 1,804.8. Gainers led losers 215 to 172, with 251 counters unchanged, 955 untraded and 16 others suspended. Turnover was mild with 340.75 million shares valued at RM173 million traded. The leading US bellwethers on Wall Street slipped marginally overnight between 0.1 per cent and 0.4 per cent. Investors were essentially in a cautious mood pending the release of the US Federal Reserve's Oct 29 and Oct 30 meeting minutes later tonight. It may give additional insights into the possible timing of an unwinding of the bond purchases program, HwangDBS Vickers Research said in a note. The Finance Index improved 9.35 points to 16,511.6, the Plantation Index rose 80.529 points to 9,054.39, and the Industrial Index was 4.69 points higher at 3,157.43. The FBM Emas Index increased 16.58 points to 12,593.32, the FBMT100 Index advanced 13.87 points to 12,315.53, the FBM Ace fell 5.22 points to 5,672.3 and the FBM 70 rose 13.87 points to 14,346.94. Among actives, Patimas Computers fell two sen to 1.5 sen, Malaysia Airlines dropped one sen to 31.5 sen and Sumatec Resources gained two sen to 35.5 sen. As for heavyweights, Maybank slipped three sen to RM9.62, Sime Darby rose one sen to RM9.76 and Axiata lost four sen to RM6.73.-- Bernama

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Virginia State Sen. Creigh Deeds critical, son dead after stabbing attack inside ... - Fox News Posted: 19 Nov 2013 08:37 AM PST Virginia state lawmaker and onetime candidate for governor Creigh Deeds suffered serious injuries in a stabbing attack that took place in his home Tuesday, police said. Deeds, 55, was flown from his home in Bath County and is being treated at UVA Hospital in Charlottesville, while a second person at the residence, who is believed to be his son, is dead, the Virginia State Police said in a statement. The hospital says Deeds is in critical condition. Virginia and national Democratic sources who spoke to Fox News cited Virginia law enforcement authorities as alleging that Deeds' son, Gus, stabbed him before shooting himself. Authorities responded to the home at 7:25 a.m. local time. The Virginia State Police Bureau of Criminal Investigation's Salem Field Office is investigating, the statement added. Police will hold a press conference on the incident at 12 p.m. local time. Deeds, a former Bath County prosecutor, was elected to the House of Delegates in 1991 and to the state Senate in 2001, in a special election after the death of Emily Couric. In 2005, he lost a Virginia attorney general race to current Republican Gov. Bob McDonnell, with the margin of victory fewer than 400 votes out of nearly 2 million cast. In 2009, he lost again to McDonnell in the governor's race. "In this tough and sad time, our thoughts and prayers are with the Deeds family. The news from this morning is utterly heartbreaking," McDonnell said in a statement. "At this moment, our state unites in prayer for Creigh Deeds and his family." Deeds, a rural Democrat who drafted a constitutional amendment guaranteeing Virginians' right to hunt, long enjoyed support from the National Rifle Association and other gun-rights advocates. Deeds and his wife, Pam, divorced shortly after the 2009 campaign. The Associated Press contributed to this report.

UPDATE 2-US launches investigation into Tesla Model S fires - Reuters Posted: 19 Nov 2013 09:02 AM PST Tue Nov 19, 2013 8:43pm IST (Adds details on fires, NHTSA investigation, updates stock) DETROIT Nov 19 (Reuters) - U.S. auto safety regulators have launched an investigation into luxury electric sports car maker Tesla Motors Inc's Model S sedan after three car fires in six weeks. The U.S. National Highway Traffic Safety Administration has opened a preliminary evaluation of the risks associated with highway debris striking the underbody of the 2013 Model S, the agency said on its website on Tuesday. (r.reuters.com/cys74v) Late on Monday, Tesla said it would push out a software update to the Model S air suspension that will give the car more ground clearance at highway speeds, and will amend its warranty policy to cover fire damage even if it is due to driver error. A preliminary evaluation by NHTSA can lead to a recall. The investigation, which the agency started on Nov. 15, focuses on two Model S fires that happened after the vehicles ran over debris on U.S. highways. The third Model S fire, which is not part of the NHTSA probe, occurred when a vehicle hit a concrete wall in Mexico. In both U.S. incidents, the Model S battery monitoring system provided visual and audible warnings that allowed the driver to stop the car and leave the vehicle before the fire. "The subject vehicles caught fire after an undercarriage strike with metallic roadway debris," NHTSA said. "The resulting impact damage to the propulsion battery tray (baseplate) initiated thermal runaway." In a blog post late Monday, Tesla Chief Executive Elon Musk said the company asked the NHTSA to conduct a full investigation of the Model S fires to correct the "false impression" that electric cars are more dangerous than gas-powered vehicles. He also disclosed the software update and amended warranty. "If a false perception about the safety of electric cars is allowed to linger, it will delay the advent of sustainable transport and increase the risk of global climate change," Musk wrote. After falling sharply in premarket trading, Tesla shares were up 4 percent at $126.61 in early Nasdaq dealings. Through Monday, the shares had fallen 37 since early October. Tesla's decision to change the design of the Model S suspension to provide more clearance between the undercarriage and the road "is about reducing the chances of underbody impact damage, not improving safety," Musk said. A software update in January, he added, would give drivers more control over suspension ride height. There are 19,000 Model S sedans on the road, according to Musk. In the latest incident, a Model S caught fire after a highway accident in Tennessee on Nov. 7. The billionaire entrepreneur, who made his mark as a co-founder of Pay Pal, said last week that the Model S fires would "definitely" not lead to a recall. (Reporting by Sagarika Jaisinghani in Bangalore, and Paul Lienert and Deepa Seetharaman in Detroit; Editing by Joyjeet Das and John Wallace)

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