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| African envoys sought support Wednesday from Russia and China for tactics to let Sudan's president dodge a global court prosecutor's Darfur war crimes charges."The seek out justice should not jeopardize one other priorities in Sudan," South African Ambassador Dumisani Kumalo said.The Security Council's private discussions occurred against a backdrop of fresh violence.Gunmen from the troubled Sudanese region of Darfur shot and killed another United Nations-African Union peacekeeper Wednesday, just as the council voted to condemn the killing of seven Darfur peacekeepers a couple weeks ago as a possible war crime.The most up-to-date attack left a Nigerian company commander dead in Forobaranga in West Darfur while he was on patrol not too far from a U.N.-A.U. peacekeeping camp, U.N. officials said.Sudan, South Africa and China expressed concern that indicting Sudanese President Omar al-Bashir could further damage the peace process, diplomats said.Some Western diplomats and U.N. officials also say they fear an arrest warrant against al-Bashir could unleash reprisals from the peacekeeping mission in Darfur, referred to as UNAMID.But to many, that peace process already is withering, along with the mission has hardly any peace to keep."The peace process has been stalled for the last month or two," British Ambassador John Sawers said. "There's an urgent need for renewed effort about the peace process side. And UNAMID is only able to ever deliver on its mission properly once there is a peace to hold."International Criminal Court prosecutor Luis Moreno-Ocampo filed 10 charges Monday against al-Bashir linked to a campaign of extermination the U.N. says claimed 300,000 lives and driven 2.5 million people from their homes.Moreno-Ocampo, based with the Hague, Netherlands, said survivors are preyed upon by government-backed janjaweed Arab militia and regular troops. It judges months to rule on if you should issue an arrest warrant.Sudanese Ambassador Abdalmahmood Abdalhaleem Mohamed said some African diplomats were discussing with China and Russia ways of persuading the 15-nation Security Council to block Moreno-Ocampo's work for a year. Neither China's nor Russia's diplomats commented publicly Wednesday.The council had asked legal court in 2005 to research the Darfur crisis.Yesterday seven U.N.-A.U. peacekeepers were killed and at least another 19 wounded in Darfur within the ambush by about 200 gunmen on horseback plus SUVs.The council on Wednesday strongly condemned the July 8 attack as "premeditated, deliberate and that will inflict casualties," and said that attacks on U.N. peacekeepers during armed conflicts "can constitute war crimes."Fighting erupted in Darfur in 2003 when ethnic African rebels began arms against the Arab-dominated central government, accusing it of discrimination.As well as less-than-adequate cooperation from the Sudanese government, the U.S. and also other governments haven't provided the force together with the needed attack and transport helicopters.U.N. Secretary-General Ban Ki-moon told the council inside a report that he is "deeply disappointed" by the situation, but he still set the ambitious objective of doubling the number of peacekeeping troops to Eighty percent of its authorized strength by year's end.At the time of June there were 11,359 personnel in Darfur - two-thirds ones soldiers - as part of the peacekeeping mission, which is authorized to own 26,000 troops, police, civilians and also other personnel, Ban reported.However week about 130 "nonessential" civilians were withdraw facing deteriorating security, based on U.N. peacekeeping officials.Syria Criticizes War Crimes Charges Against Sudan's President Syria on Wednesday strongly criticized the accusations fielded by the ICC's chief prosecutor al-Bashir for his alleged role in Darfur, reports CBS News correspondent George Baghdadi.The official statement by the Foreign Ministry carried by the state-run SANA News Agency said Foreign Minister Walid al-Moallem told the Sudanese ambassador in Damascus that Syria denounced the accusations forwarded by the ICC chief prosecutor against "an elected President who enjoys immunity."The statement said the ICC move did "not belong to its authorities or jurisdiction … It's a serious unprecedented event in the history of the international relations. This move really should not be allowed to be passed as it aims at destabilizing the situation in Sudan and foiling efforts to bring peace in Darfur."It added that Mr. al-Moallem also phoned your head of the African Union Commission, Jean Ping, and expressed appreciation from the stance taken by the AUC in condemning the ICC motion. The 2 sides discussed making "concerted efforts to stand by the brotherly country of Sudan."The Arab Foreign Ministers result from meet in Cairo on Saturday, with the participation of al-Moallem, to go over the ICC's move against al-Bashir. mulberry outlet store online
This story was written by Joseph Weisenthal. You already know how the market reacted to yesterday's news: Shares of Yahoo got slammed, just as one ad deal with Google (NSDQ: GOOG) was described as poor substitute into a full or partial sale to Microsoft (NSDQ: MSFT). Even though yesterday's swoon, the stock is off another Four percent today to around $22.50the lowest its been since Microsoft's initial offer back February. So as desires a sale fade, simply what does the Google deal mean on an independent Yahoo (NSDQ: YHOO). Analysts are busily sounding off today:-- Ben Schachter, UBS: In the short term, yes, this can be a boost to cashflow, so that's good (Yahoo estimated yesterday it might contribute an incremental $250-$450 million to operating cash flow). But as Schachter asks: "At what long-term cost?" Despite insistence from Yang and Decker that Yahoo remains a "must buy" the agreement makes all the company less relevant when it comes to offering a full spate of advertising options. And if you thought that this became the end of the saga, Schachter disagrees: "We carry on and believe that, at some point, MSFT will acquire most of YHOO. Unfortunately, for all of us that are beyond tired of the ceaseless news flow and speculation around a potential MSFT/YHOO deal, this GOOG/YHOO agreement is not going to put us from our misery as we still think MSFT needs YHOO." Also, he wonders about a comment that Decker breezily made during the Q&A about helping Google with display stuff on their own properties: "Sue Decker's somewhat coy comments regarding the potential for GOOG and YHOO to work together in some manner on display ads should raise lots of eyebrows as it begs a whole new set of questions and spurs more speculation."-- Jim Friedland, Cowen: Incremental revenue, yes. Strengthened position? Not really much. Even if monetization improves, the deal doesn't change the fundamental picture at Yahoo, as being a company losing share, user engagement, facing an inadequate economy. He also notes that regulatory approval will not be a slam dunk: "We believe Microsoft will immediately set out to lobby in Washington against the deal." (Without a doubt on that.) And the potential for Microsoft-Yahoo at some point? "A deal is not as likely than it was a couple weeks ago, but not impossible. Microsoft holds almost all of the cards and could delay for a lower price. After all, its bid has dropped from $40 to $35 to $33 (via $31) in the last year."-- Jeff Lindsay, Bernstein: This deal only represents $3 of incremental value per share. For starters, Yahoo can not eliminate Panama to comprehend cost savings (note: the business said on yesterday's call that personal savings were not part of th equation) along with the outsourcing agreement doesn't sign up for all of its inventory. And it's not necessarily over for Microsoft: "Yahoo! management clearly believes that development finally marks no more Microsoft's interest in Yahoo! as detailed in the press release from Yahoo! after yesterday's close. We're not so sure." Actually is well liked wonders if all this talk about how it's nearly the long tail of search is merely posturing for the upcoming regulatory review. Also, for Google he estimates the offer is worth about $15 per share.-- Mark May, Needham: Key takeaway: Yahoo's estimated earnings gains may be overly ambitious. They are not a sure thing (note: also, they are pretty wide). Again, the deal diminished Yahoo's relevance from the space.-- Ross Sandler, RBC: This is great from the perspective of the Googleplex. The termination of Yahoo-Microsoft discussions is great, and there's potential for $700 million in incremental earnings once the deal is perfectly up to speed. Shares of Google are up over 2 percent today.-- Mark Mahaney, Citi: Yahoo's income estimates are realistic depending on Citi's own analysis. Google will be the big winner. By Joseph Weisenthal ugg classic tall
NEW YORK (MarketWatch) -- U.S. stocks turned mostly higher Thursday, after an analyst upgrade of Lehman Brothers helped offset fresh concerns in the investment firm, and nervousness about the fate of mortgage giants Fannie Mae and Freddie Mac. The Dow Jones Industrial Average was up 22 points, or 0.1%, to 11,437, with 17 of the company's 30 components trading higher. "Right now, there's optimism how the government is going to make an announcement, which would make room for a little relief rally," said Alec Young, market analyst at Standard & Poor's.Jitters in regards to the credit crisis get home to haunt industry this week amid concerns about distress at Fannie Mae and Freddie Mac , and nervousness about whether or not the government may bail them out."It is needed stocks in the short term even when it doesn't solve the key underlying problem, which remains 11 months valuation on homes unsold in this country," Young said. "But you do need Fannie and Freddie to use and buy those loans to see these inventories."A boost in crude-oil prices also lifted the force sector, providing some support for your major stock indexes whilst keeping some consumer-related stocks pressurized.Among Dow components, oil giants Chevron and ExxonMobil both gained more than 2%, as oil surged nearly 5% amid rising tensions over Russia's military conflict with Georgia.The Dow's financial components were mixed, with AIG off 4.4%, Citigroup off 0.1%, Bank of the usa down 0.4% and J.P. Morgan Chase down 1.5%.Shares of Lehman Brothers also rebounded from earlier under time limits after several media reports and an analyst note. The stock was recently off 0.3% after earlier slumping by over 4%.The Financial Times reported how the firm held secret talks recently to sell as much as half of its shares to South Korean or Chinese parties but didn't reach agreement with either. Separately, The Wall Street Journal reported the Federal Reserve had investigated a rumor that Credit Suisse pulled a personal line of credit from Lehman. The newspaper said the Fed was told by the Swiss bank that this rumor was false.And Citibank lowered its third-quarter earnings estimates for Lehman, along with those for Goldman Sachs and Morgan Stanley , citing asset write-downs, weaker client flows and seasonal slowdown.The S&P 500 index rose 3.5 suggests 1,278, while the Nasdaq Composite lost 7 suggests 2,382.Trading volumes showed 717 billion shares exchanging on the job the New York Currency markets and 517 billion trading for the Nasdaq stock market. Declining issues topped gainers by 17 to 13 about the NYSE and by 8 to 5 on the Nasdaq.By sector, financials fell essentially the most, off 1%, followed by consumer staples, down 0.6%, and information technology, off 0.3%. Results from fiber-optic equipment maker JDS Uniphase and Salesforce.com fell lacking forecasts, sending shares from the former down 14% and the ones of the latter off 17%.However the energy sector helped offer the market, with oil surging nearly 5%.Oil surgesWith nervousness about financials putting pressure around the dollar, the dollar index -- which measures the U.S. unit against a basket of major currencies -- fell 0.01%. Dollar weakness subsequently gave a boost to dollar-denominated commodities for example crude oil, which surged $5.11, or 4.4%, to $120.69 a barrel. Geopolitical tensions involving the U.S. and Russia gave an extra boost to oil after the U.S. consented to construct a missile-defense system in Poland. Other securities, which traditionally be measures of risk, were rising, with gold futures gaining $21.60 to $837.90 an ounce. In economic news, the Labor Department said weekly initial jobless claims fell by 13,000 to a total of 432,000 a week ago. Separately, a Philadelphia-area poll of activity showed an improvement for August, while a catalog of US. leading indicators pointed to slower growth for the remainder of 2008. H.J. Heinz said annual earnings will probably be at the top end of forecasts, and Tech Data's profit a lot more than tripled.Limited Brands rose 12% following your clothing retailer and Victoria's Secret owner said its adjusted earnings were only available in better than analyst expectations. But teen retailer Hot Topic slumped greater than 16% on a soft earnings outlook.By Nick Godt ugg boot sizing
North Korea appeared to slip further into isolation on Monday, as China — under intense pressure to enforce new U.N. sanctions — inspected cargo trucks bound for the communist ally and moved up construction of a border fence.Japan — after a major trading partner with all the North Korea — said it was considering further sanctions, and Australia banned the North's ships from the ports.The Chinese inspections in a border crossing with the North came amid concerns that Beijing would overlook the new U.N. sanctions leveled up against the reclusive communist country for its proclaimed nuclear test. China is really a major trader with North Korea and its support is key towards the success of the new U.N. measures, which call for nations to check cargo leaving and arriving from North Korea."Chinese action on cargo inspection is actually prompted as much by anxiety when reprisal after the U.N. vote because it is by the mandate of the resolution itself," said CBS News foreign affairs analyst Pamela Falk. "Chinese diplomats are making clear that they pricier to participate in inspection of ship cargo, either contained in the voluntary U.N. provision, or as part of the U.S.-sponsored Proliferation Security Initiative," Falk reports, "but the inspection of land-based cargo has been occurring for some time in routine security and may increase."China's customs agency as well as commerce and foreign ministries refused to express whether the cargo checks were prompted by U.N. sanctions, but a high U.S. diplomat said the inspections were promising.R. Nicholas Burns, undersecretary of state for political affairs, said there'll be "enormous pressure on China to reside up to their responsibility" in enforcing Us punishment of its ally, North Korea. "We are common banking on that."North Korea remained defiant, having its No. 2 ranking leader, Kim Yong Nam, saying the united states would strengthen its military and "achieve a last victory in the historic standoff with all the U.S." His televised remarks didn't touch entirely on the sanctions.Greater than a week after the purported North Korean nuclear test, the White House says the U.S. government has still not provided a definitive determination on if it was in fact a nuclear detonation, reports CBS News correspondent Mark Knoller.U.S. officials were preparing a diplomatic swing through Asia to address divisions over the best way to impose the new sanctions. The measures, approved Saturday, include an embargo on major weapons to Pyongyang and also the freezing of the assets of businesses linked to the North's weapons programs.The most notable U.S. envoy on North Korea's nuclear program, Christopher Hill, met on Monday along with his Japanese counterpart, Kenichiro Sasae, and said the 2 agreed to implement the sanctions swiftly.Hill told reporters in Tokyo that this common threat from North Korea has helped unite the regional powers, particularly China."I think that we have a great deal of similar thinking with China. I think this nuclear test has had China much nearer to us," Hill said.The U.S. diplomatic campaign would have been to continue Wednesday when Secretary of State Condoleezza Rice ended up being to arrive in Japan before visiting South Korea and China. She was expected to have a three-way meeting with the Japanese and South Korean foreign ministers Thursday in Seoul, Japanese officials said.Meanwhile, Russia's top negotiator around the North Korean nuclear issues says Pyongyang could be willing to return to six-party talks on its nuclear weapons program, reports CBS News' Don Kirk (audio) . no previous page next 1/2 mulberry s
The Bush administration paid a prominent black journalist to advertise President Bush's education law and give Education Secretary Rod Paige media time, records show.Armstrong Williams, a nationally syndicated radio, print and television personality, was paid $240,000 by the training Department to promote the No Child Left Behind Act.The agreement required Williams' company, the Graham Williams Group, to create radio and TV ads that promote the controversial law and feature one-minute "reads" by Paige. The deal also allowed Paige as well as other department officials to look as studio guests with Williams.Williams, one of the main black conservative voices in the country, was also to use his influence with other black journalists to obtain them to talk about No Child Left out.The law, the centerpiece of President Bush's domestic agenda, aims to improve achievement among poor and minority children, with penalties for a lot of schools that don't make progress.USA Today, which first reported the arrangement, said Williams was contractually obligated to "to regularly comment on NCLB <No>Child Left Behind Act] during his broadcasts."The newspaper quoted Rep. George Miller, D-Calif., the superior Democrat on the House Education Committee, as saying the agreement was "a very questionable use of taxpayers' money" and is "probably illegal." White House spokesman Scott McClellan said Friday the decisions on the practice were created by the Education Department. He would not directly answer when asked whether or not the White House approved with the practice, saying it absolutely was a department matter.The training Department defended its decision as a "permissible use of taxpayer funds under legal government contracting procedures." The idea was to help parents, particularly in poor and minority communities, comprehend the benefits of the law, the department said.The department's contract with Williams, over the public relations firm Ketchum, dates to 2003 and 2004. It's billed as a "minority outreach campaign" together with the goal of "educating the African-American community" in regards to the education law.Williams, who worked being an intern to the late Sen. Strom Thurmond years ago, called criticism of his relationship using the department "legitimate.""It's a fine line," he was quoted saying. "Even though I'm not a journalist — I'm a commentator — I feel I should be held to the media ethics standard. My judgment had not been the best. I wouldn't repeat the process, and I learned from it."This is not the first time the department comes under fire due to the publicity efforts.The Bush administration has promoted No Child Left out with a video that comes across as a news story but fails to clarify the reporter involved was paid with taxpayer money. They have also has paid for rankings of newspaper coverage with the law, with points awarded for stories that say Mr. Bush and the Republican Party are strong on education. The us government Accountability Office, Congress' auditing arm, is investigating those spending decisions."There is no defense for using taxpayer dollars to cover journalists for 'fake news' and favorable coverage of a federal program," said Ralph Neas, president of men and women for the American Way, a liberal group that has tracked the department's spending. "It's a scandalous waste." brown ugg boots
NEW YORK (MarketWatch) -- U.S. stocks fell on Tuesday, as investors consolidated many of the market's record gains prior to the Federal Reserve's meeting on rates Wednesday. The Dow Jones Industrial Average has advanced in 24 in the last 27 sessions, marking its longest winning streak since 1927. "What we're seeing here is a market that has a certain amount of exuberance attached to it, a long winning streak in 4 decades," said Peter Cardillo, chief market economist at Avalon Partners. "I'm uncertain this is the long awaited pullback," he explained. But " there's a lot of caution ahead of the <Fed> meeting" and "we are overbought."The Dow industrials were down 12 points at 13,300, as 19 of its 30 components were in negative territory, led by Vehicle Corp. , Coca Cola Co. , and United Technologies Corp. .Bucking the buzz among Dow components, Alcoa Inc. led size increases, rising 2.7% after hedge fund Jana Partners LLC, which calls itself a "large shareholder" in the aluminum giant, urged the company to drop its bid to accumulate Alcan Inc. .Hewlett-Packard Co. rose 2.6% following your computer maker raised its earnings and revenue outlook to the second quarter.Also, Walt disney world & Co. rose 0.7% before its quarterly results as soon as the close.The S&P 500 lost 2.2 points to 1,507, while the technology-heavy Nasdaq Composite fell 2.6 suggests 2,568. Among tech leaders, Cisco Systems Inc. rose 1.6% in front of its results following your bell.Trading volumes showed 1.2 billion shares exchanging face to face the New York Currency markets and 1.6 billion for the Nasdaq stock market. Declining issues outpaced gainers 5 to three on the New York Stock Exchange and by 9 to 5 on the Nasdaq.By sector, semiconductors , gold and oil shares led the declines, while computers , computer technology , and telecoms advanced.Meanwhile, telecom shares saw some pressure. Motorola shares fell 2.3% as soon as the company said its shareholders didn't elect billionaire dissident shareholder Carl Icahn towards the board, according to a quotation. Icahn said he thought he had won the support of countless small shareholders, but lacked the backing of key, large investment funds he necessary to overpower the Schaumburg, Ill., company's management.The Fed and marketsWith little on the economic docket Tuesday, investors devoted to the latest bleak forecasts on housing through the National Association of Realtors. Investors are awaiting the Fed's decision on interest rates, and more importantly, its policy statement, on Wednesday. "Not that there will be a lot of surprise," said Avalon's Cardillo. Fed watchers fully expect the central bank to go away interest rates unchanged. Though the words of policymakers will be closely examined to ascertain whether they've maintained their focus on inflation and/or they will commence to acknowledge evidence of a slowing economy."The tug of war from the slow economy and stubborn inflation readings could keep the Fed sidelined," said Jack Ablin, chief investment officer at Harris Private Bank, in a note.Treasury bonds fell slightly in front of the Fed meeting. The benchmark 10-year Treasury bond finished down 1/32 to 99 30/32, yielding 4.634%. The dollar declined against the Japanese yen but rose contrary to the euro. Merrill Lynch strategists said its clients wish to be long the euro than every other currency and expect eliminate the carry trade by 2008. The carry trade involves investors borrowing in low-yielding currencies such as the yen and reinvesting elsewhere. Crude-oil futures gained 79 cents to shut at $62.26 a barrel, helping higher some oil shares, including Dow component Exxon Mobil Corp. . But Occidental Petroleum Corp. and ConocoPhillips remained lower. Gold futures dropped $3.0 to shut at $687.40 an oz, pressuring the likes of Eldorado old Corp. , Freeport McMoRan Copper & Gold and Gold Fields . Merger TuesdayDeal news, containing provided sustained momentum for the broad market, continued unabated.Reuters dropped 0.4% after it and Thomson set out details of a possible merger. Based on the firms, Thomson is willing to make a cash-and-shares offer valued, at Monday's close, at $83.16 per U.S.-listed Reuters share, or $17.4 billion. Tom Glocer, the principle executive of Reuters, would run the combined firm.AK Steel jumped 10.5% after the Financial Times' Alphaville Web site reported that Arcelor Mittal is at talks to buy the U.S. steel producer inside a $4.5 billion, or $40 a share, deal.By Nick Godt mens mulberry wallet
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