The Traderszone Network

Comcast’s NBCUniversal unit said it had plans to build a $3.3 billion theme park in Beijing, an effort to capitalize on China’s growing middle class.

Japanese stocks skidded to two-month lows on Tuesday as heightened concerns about the health of the world economy unnerved investors, triggering a shift in funds to safe havens such as U.S. Japan’s Nikkei share average (.N225) fell 2.4 percent, hitting levels last seen in mid-August, while rising bond prices drove the 10-year U.S. Asian shares had better luck, as MSCI’s broadest index of Asia-Pacific shares outside Japan managed to nudge up 0.6 percent thanks to bargain-hunting though the rise came only after a fall of more than 10 percent since early September.

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Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in “shadow banking”. Securities financing are typically short-term money-raising transactions between banks and other financial institutions, involving the lending and borrowing of shares or the use of repurchase agreements or repos.

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The Federal Reserve should err on the side of caution in its coming decision about when to raise interest rates for fear of upending the U.S. “The biggest and costliest downside risk is that in our haste to get back to ‘business as usual’ monetary policy, we could stall progress and backtrack to the economic circumstances of recent years,” with subpar growth, low inflation, and near-zero interest rates, Evans said in a speech to a teacher’s investment conference in Indiana.

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Google is leading the funding round for the company, the website cited sources as saying. Venture capital firm Andreessen Horowitz may be one of the other investors in the consortium, Re/Code said. Google, Andreessen Horowitz and Magic Leap could not be reached for a comment outside of business hours. Magic Leap said in February it had raised more than $50 million to develop its proprietary technology platform.

Milestone, co-founded by NetJets Inc founder Richard Santulli in 2010, owns a fleet of helicopters worth $2.8 billion and has placed orders worth $3 billion. The company’s helicopters are primarily used in offshore oil and gas industries and for search, rescue and emergency medical services. “The addition of Milestone will deepen our domain expertise in aviation and oil and gas, two critical GE industries,” GE Capital Chief Executive Keith Sherin said in a statement on Monday.

Ellison, 49, an industry veteran credited with reviving Home Depot’s U.S. Analysts generally gave Ellison high marks, pointing to his track record as an executive vice president at Home Depot where he oversaw some 2,000 U.S.