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SapuraKencana stock surges 5.4pc Posted: 22 Oct 2013 07:17 PM PDT Shares in SapuraKencana Bhd jumped more than five per cent on Wednesday after the Malaysian oilfield service provider agreed to pay US$898 million to buy Newfield Exploration Co's Malaysian oil and gas assets. By 9.07am in Kuala Lumpur, SapuraKencana shares were up 5.4 per cent at RM4.30 per share, outperforming the broader market's 0.2 per cent rise, as investors cheered the company's maiden expansion into the business of owning and operating fields. "In essence we are acquiring a proven oil and gas operator with a balanced portfolio of producing and discovered fields and exploration assets in peninsula Malaysia and Sabah and Sarawak," SapuraKencana chief executive officer, Tan Sri Shahril Shamsuddin, said in a statement. The sale signals an aggressive diversification strategy, making the firm Malaysia's fourth-largest producer after oil majors like Shell and Exxon-Mobil. "As a field owner and operator, this business will require different set of operating principles and as such we will manage this new business division separately as an independent subsidiary," he said. SapuraKencana will hold interests in nine production-sharing blocks offshore Malaysia, giving the company an opportunity to learn the business and look at ways to boost the productivity of the fields - some of which are in natural decline. The deal is subject to approval from state oil firm and industry regulator Petronas, which is in charge of awarding all production-sharing blocks in the country and has been tasked with boosting the production of marginal and depleted fields.-- Reuters

Ringgit traded higher against US dollar Posted: 22 Oct 2013 07:04 PM PDT The ringgit opened higher against the US dollar Wednesday, which was generally weak due to bearish US jobs data released yesterday, dealers said. At 9.09am, the ringgit was quoted at 3.1480/1510 vis-a-vis the greenback at 3.1715/1735 yesterday. Meanwhile, the ringgit was mostly higher against other major currencies. The local currency rose against the Singapore dollar to 2.5492/5518 from 2.5554/5572 Tuesday and appreciated against the yen to 3.2100/2133 from 3.2234/2271 yesterday. The domestic unit was slightly higher against the British pound to 5.1120/1182 from Tuesday's 5.1144/1182 but fell against the Euro to 4.3379/3427 from 4.3354/3388 yesterday.-- Bernama

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Nevada school shooting victim was 'trained to help' - USA TODAY Posted: 22 Oct 2013 08:29 AM PDT The day after Sparks Middle School shooting which left two dead, including the shooter and two wounded, the focus has turned to the man who died protecting his students. (USA TODAY, USA NOW) Martha Bellisle, Reno Gazette-Journal 11:49 a.m. EDT October 22, 2013 A tearful Michelle Hernandez, left, is led away from Agnes Risley Elementary School following a shooting at Sparks Middle School in Sparks, Nev. on Monday Oct. 21, 2013.(Photo: Marilyn Newton, AP) SPARKS, Nev. -- It came as no surprise to Michael Landsberry's family that the Sparks Middle School math teacher was being called a hero for trying to convince a student to put his gun down moments before Lansberry was killed. The shooting rampage Monday also left two students wounded. The shooter then fatally shot himself. "To hear he was trying to protect those kids, that he stepped up and tried to stop the situation, doesn't surprise me at all," said Chanda Landsberry, who is married to Michael's younger brother, Reggie. "He could have ducked and hid, but he didn't. That's not who he is." "He was trained to help." Lansberry, a member of the Nevada Air National Guard, leaves behind his wife and two stepdaughters. Tom Robinson, deputy chief with the Reno Police Department, said that "in my estimation, he is a hero. We do know he was trying to intervene." Student Jose Cazares said he was hanging out with friends when they heard what they thought were firecrackers. He said he saw a boy shoot two students. He said the boy then aimed the gun at his chest, but Landsberry stepped between him and the shooter. "He was telling him to stop and put the gun down. Then the kid, he yelled out 'No!' Like, he was yelling at him, and he shot him," Jose told NBC's Today show Tuesday. "He (Landsberry) was calm, he was holding out his hand like, 'put the gun in my hand.'" Cazares said the shooter later threatened to shoot them if they identified him to authorities, then moved on. Landsberry "sacrificed his life to take our kids into safety," Marisela Cazares told Today. ''I thank him for that. He's a true hero." Chanda Landsberry said her brother-in-law, who received bachelor's degree in education from the University of Nevada, Reno in 2001, loved teaching. "He loved his school kids. He loved the Guard," she said. "It defined him." His students shared the pain of his loss in an outpouring of heartfelt messages on social media, and shared photos of their teacher, showing his playfulness in the classroom. Landsberry kept a math website to help his students get through each year called "Welcome to Mr. L's Math Class for 2013-2014." "I have one classroom rule and it is very simple: 'Thou Shall Not Annoy Mr. L,'" the site said. "I am looking forward to getting to know and teach all of you this year. I know that at times the year will be tough and boring but I will do my best to make the lessons exciting." Some of his students said Landsberry loved Batman so much that many used the title as his nickname. One student wrote on Twitter "you'll always be known as everyone's Batman, you're a hero. RIP Mr. Landsberry." Another wrote: "Batman flew up with the angels." Others created a community Facebook page called "Rest Easy Mr. Landsberry." The statement on the site says: "Best Teacher There Was. Our 'Batman' A Father, Husband, Best Friend, Veteran, Coach. He's In A Better Place Now. Gone But Never Forgotten.'Thou Shall Not Annoy Mr. L'." The 2012 Winter addition of Battle Born, published by the Nevada National Guard lists Technical Sgt Michael Landsberry as being part of the 152nd Logistics Readiness Squadron. The publication and two others state that he served overseas. On Monday, he died outside his classroom trying to stop a boy with a gun. (Contributing: Associated Press)

Delayed Jobs Report Finds US Adding Only 148000 Jobs - New York Times Posted: 22 Oct 2013 08:08 AM PDT By CATHERINE RAMPELL Published: October 22, 2013 American employers added 148,000 jobs in September, a discouraging report that may still be too optimistic about the job market.

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