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| Pakistani President Pervez Musharraf dismissed mounting speculation he is preparing to resign while his political opponents and media on Friday clamored for his departure.A late-night meeting immediately between Musharraf and his successor as army chief fueled rumors the longtime U.S. ally in its war on terror could resign.Pakistan's new civilian government would like to strip the president of key powers and some in the coalition are searhing for his impeachment.Speaking in a dinner with top government officials late Thursday, Musharraf denied that there were differences between him and army chief Gen. Ashfaq Parvez Kayani and rejected an investigation in The News daily he had "made up his mind to it a day.""It would be a routine meeting so we discussed issues. We have the best of associations. There isn't any problem whatsoever," Musharraf said in footage broadcast by state-run Pakistan Television. Kayani and Pm Yousuf Raza Gilani were also present.PTV also quoted Musharraf as saying the top minister has "my full cooperation" in employed by the development of the country.Musharraf, the former army strongman who took power in the 1999 coup, has taken a back seat in national affairs since his allies suffered were defeated in February elections. However that has not dampened calls for his ouster.The pro-government party of Nawaz Sharif, who had been the prime minister before Musharraf's coup, has demanded the president's impeachment. The primary ruling party of Asif Ali Zardari is less intent on that course but really wants to strip Musharraf of powers to dissolve parliament.Several major newspapers on Friday urged obama to resign.Urdu daily Nawa-i-Waqt, in the editorial headlined "King Musharraf," said he was not having enough options and should study a lesson from Nepal's King Gyanendra, who was simply forced out as monarch now after its parliament dicated to make the country a republic."One man's stubbornness has practically paralyzed government," the newspaper said of Musharraf. "Fingers are now being raised at the army that perhaps as opposed to protecting interests of the country it is protecting interests of the company's former chief."The Daily Times said the president's fate hung within the balance and it advised him to resign. The Nation said that by delaying his departure, Musharraf would "only increase the number of his opponents and make them increasingly determined."The Nation and Nawa-i-Waqt have been strongly critical of Musharraf in the past, but The Daily Times but has generally taken a far more sympathetic stance, echoing Musharraf and Zadari's requires stability.Despite scant backing for him in the new parliament, where his supporters come in opposition, Musharraf's spokesman says he intends to serve out his presidential term on account of expire in 2012.Musharraf's popularity begun to slide last year after a power struggle with the judiciary which culminated in his declaration of a state of emergency in November. When the rope purged the Supreme Court, which had been due to rule on the legality of his re-election as president the previous month by an outgoing parliament stacked together with his supporters.Musharraf subsequently relinquished his position as army chief, the main source of his former power. www.mulberry
NEW YORK (MarketWatch) -- U.S. stocks pared a selection of their losses but remained lower Wednesday, overwhelmed by weak retail sales, ongoing worries in regards to the financial sector and cautious earnings outlooks from Deere & Co., Liz Claiborne and Macy's. Only five in the Dow Jones Industrial Average's 30 components were in positive territory. Overall, the Dow industrials fell 99 points, or 1%, to 11,543. Financials led the blue-chip decliners. Shares of Bank of America fell 6%, Citigroup dropped 2.9% and J.P. Morgan Chase sank 2.2%. Furthermore, shares of American Express fell 3.1% and American International Group dropped 5.4%. The S&P 500 index dropped 3.81 points to 1,285, and the Nasdaq Composite fell 7.43 points to 2,422. "The economic data, used total, were not a good, with Deere missing numbers and concerns still about lingering inflation, together with the import price index still fairly high," said Paul Nolte, director of investments at Hinsdale Associates. "Again, we still have some of the overhang from yesterday within the financials," Nolte said, citing a broad-based selling in the sector Tuesday on Wall Street. J.P. Morgan's $1.5 billion write-off, Wachovia's wider-than-originally-reported second-quarter loss and a brokerage downgrade and reduced earnings estimates for Goldman Sachs Group all dragged on U.S. stocks in the Tuesday session. "The credit crisis is broad, deep and global, and it is not likely to end soon," said Richard Bernstein, chief investment strategist at Merrill Lynch ."The problems within the financial sector seem to us to be definately not over, and we are skeptical that trying to bottom-fish will prove to be profitable," Bernstein said inside a research report Wednesday. Wednesday's trading volume was light, with 631 million shares trading on the New York Stock Exchange, where declining stocks outnumbered those advancing 3 to two. On the Nasdaq, more than 468 million shares traded, and decliners roughly equaled advancers. Lackluster retail salesEarlier, the Commerce Department estimated that U.S. retail sales dropped 0.1% in July, significantly less bad as the 0.3% forecast by economists. Falling auto sales offset a boost in gasoline sales. "Fortunately, gasoline prices have fallen since July, that's giving the consumer relief for a time," said Nigel Gault, chief U.S. economist at Global Insight. "But the consumer is still under enormous pressure as employment is declining, real wages are down, housing and stock-market wealth are down, and credit conditions still tighten," Gault said in the note. In other economic news, the Labor Department reported that U.S. import prices rose by 1.7% in July, mostly on prices for imported petroleum and gas main. Separately, U.S. inventories for June rose 0.7% in contrast to analyst expectations of your 0.6% increase, along with the inventor-to-sales ratio fell to some record-low reading of 1.23. For the earnings front Wednesday, Deere warned that rising recycleables will impact margins in the current quarter. Shares from the tractor maker dropped 5.5%. .Shares of Macy's rebounded 1.6% since the department-store operator said second-quarter profit dipped, hurt by restructuring costs and consumers reducing discretionary purchases. The business also lowered its full-year projection, saying it's hard to forecast future results with certainty against the current economic backdrop. Shares of Liz Claiborne dropped 13.3% following the company cut its earnings outlook.Going up, shares of chipmaker Nvidia rallied 9.6% as investors looked after dark company's $121 million loss for an increased stock buyback of $1 billion as well as prediction of margin improvement. On the deals front, CVS Caremark said it will buy Longs Pharmacy for $2.9 billion, or $71.50 a share, a 32% premium over Longs' closing price on Tesday. .Commodities prices rebounded Wednesday, with the Reuters/Jefferies CRB Index , a benchmark gauging the costs of major commodities, rising 2%. Crude-oil futures rose for the first time in four sessions following your U.S. government reported that supplies of crude, gasoline and distillates declined the other day as refinery activity dropped. Gold futures rallied 2%, regaining some ground after shedding almost 12% in value within the eight-session losing streak. In trading currency, the dollar rallied 1.3% contrary to the British pound. The lending company of England declared there may not be any rise in the U.K. economy in the next year and that inflation may cool and come back within its target range without interest-rate hikes. The dollar index , which measures the greenback against a basket of currencies, gained 0.1% to 76.23. By Polya Lesova mulberry outlet shops
Police are trying to determine whether a photo taken in late August by a Spanish tourist in northern Morocco shows missing British toddler Madeleine McCann being carried by an unidentified woman by the side of a road.Picture was taken by Clara Torres on August 31 - four months after four-year-old Madeleine went missing. Her parents say she vanished from their holiday villa in southern Portugal, where they had left her sleeping while they ate at a nearby restaurant.The photograph is blurry, nevertheless the girl on the back of the woman, who is wearing traditional Moroccan attire and walking with several others of varying age, does bare a resemblance to "missing Maddie."Britain's Sky News reported Wednesday afternoon that, as outlined by unnamed security sources, the woman in the photo ended up identified as the daughter of an Moroccan farmer. The report said investigators tracked your family in the photo to some farm about a mile where it was taken, determined the young girl in the home.If confirmed, the night sky report would position the hunt for Maddie back at square-one, with no solid leads on her behalf whereabouts - at the very least none confirmed by investigators."We saw a blonde girl who caught our eye. Both of us looked at each other. We thought of Madeleine but we didn't think any further about it, as we thought it might be impossible," Torres told Spanish news agency EFE about the possible sighting. Remarkably, the photograph stayed undeveloped in Torres' camera for almost a month, says CBS News reporter Meg Oliver."I've been kicking myself because these 25 days are already lost ... The moment I realized, I handed over the photo for the authorities," said Torres. It's the most recent, but not the 1st possible sighting, of Madeleine in Morocco.On May 9, two witnesses - unknown together - told police they saw a bit girl who appeared as if Maddie in Marrakech, in the south of the united states. There was one other reported sighting in the north, close to the town where Torres took her photo on August 31.CBS News reported on Monday how the McCanns had hired an exclusive security firm in Morocco, called National Risk Group, in an attempt to find their daughter. One among their jobs has reportedly gone to keep track of the many reported sightings with the little girl.The McCanns, who traveled to Morocco come july 1st as they publicized their daughter's disappearance, have been demonstrated to be impressed by the newest photo, but they remain guarded.Speaking with Britain's Sky News on Wednesday, McCann family spokesman Clarence Mitchell said "there are incredibly questions to be answered" about the new photo.Mitchell said the McCanns were waiting to listen to what the police, who will be using facial recognition technology to look at the photo, say about the likelihood of it being their daughter.But he added any particular one positive aspect of the new focus to the case is that it "refocuses the campaign on finding her."Later Wednesday, Sky reported Mitchell as proclaiming that if reports that the girl in the photograph can be a local child, it will be "clearly disappointing news".For weeks prior to development, media attention had been devoted to rumors and unconfirmed reports that Portuguese police were considering the girl's parents because the chief suspects in the event.Neither Gerry nor Kate McCann continues to be asked to return for even more questioning since leaving Portugal.In accordance with Mitchell, Kate McCann has always felt that Morocco is a crucial country to the investigation, given its location merely a short boat ride away from ports in southern Spain. mulberry leather jacket
Just a few months ago, Sid Agrawal, the chief operating officer of an 4-year-old semiconductor start-up in Santa Clara, Calif., was opining around the Silicon India site about the technology industry, noting that "green technology is the buzzword of the day" and bemoaning the process of "hiring good analog designers."On Friday, however, Agrawal, 56, became one of three victims in a fatal workplace shooting that has saddened friends, colleagues, and family members, and left Silicon Valley employees -- already shook up over constant reports of layoffs and bad economic news--feeling even more uneasy."Silicon Valley has lost an excellent warrior," said Deepak Bhagat, a detailed friend and fellow alumnus in the Indian Institute of Technology, Kanpur. Bhagat said Agrawal wasn't somebody that talked a lot, but what he was quoted saying was "loaded with wisdom."The tragedy unfolded at almost 4 p.m. PST Friday, as police officers responded to a report of multiple gunshots fired in a Santa Clara office park on Scott Boulevard within a suite occupied by SiPort, helping to make digital multimedia broadcast chips for mobile markets, according to the company Web site. Dead at the scene were Agrawal of Fremont; Brian Pugh, 47, of Los Altos, who was vice president of operations; and Marilyn Lewis, 67, of San Jose, who was head of hr.The suspect, Jing Hua Wu, 47, of Mountain View, ended up terminated from his position as a possible engineer for SiPort and reportedly called for a meeting with his former employers to talk about his employment. He allegedly shot and killed all three victims with a handgun and fled the location in an SUV, police said. Around 10:45 a.m. Saturday, Santa Clara police arrested Wu on public road in Mountain View and booked him on three counts of homicide. His arraignment is scheduled for Wednesday morning.Initial stories widely reported that Wu had been laid off from the company, but SiPort on Saturday issued a statement clarifying that Wu was terminated and SiPort hasn't ever had any layoffs."The entire SiPort staff and board will be in mourning," Aiman Kabakibo, the brand new CEO and company founder, said from the statement. "We are a close-knit team of engineers and entrepreneurs who built this provider together." short ugg boots
European Union leaders agreed early Saturday — after two long events of tough negotiations — on guidelines for drafting a whole new EU treaty to replace the bloc's aborted constitution.All 27 leaders — including Poland, which had staged fierce opposition to the proposed treaty — agreed on a "very precise mandate" to draft a streamlined treaty that will guide and govern the expanded EU, French President Nicolas Sarkozy said.German Chancellor Angela Merkel, who chaired the marathon talks, said the deal "represents a significant step forward for your European Union."Sarkozy joined Merkel in calling the agreement "very very good news for Europe."And Polish President Lech Kaczynski said he, too, was happy about the outcome."I am happy ... we did not have to swallow any bitter pills," he said. "The position of Poland is definitely stronger under this product."Merkel had made it a top priority of her country's six-month EU presidency to get a viable plan for a treaty to replace the now-defunct EU charter that Dutch and French voters rejected couple of years ago.She sought to salvage key aspects of the stalled constitution essential to streamline EU selection, including overhauling the unwieldy EU voting system and giving the EU more power in policing.Merkel said Saturday she was happy leaders could actually keep key parts of the previous charter alive, inspite of the often deep and acrimonious divisions between that tested the bloc's unity."This implies that Europe came together at the end," she said.Poland stumbled on the summit vehemently against changing the voting system, saying the modern formula would diminish Warsaw's clout and threatened to work with its veto if the final draft treaty won't heed its demands.Britain issued its "red lines" — insisting that any treaty should never resemble the prior failed constitution, and demanded who's retain certain rights on problems with policing, justice and internal affairs.It absolutely was clear at the opening in the summit Thursday that agreement on the roadmap was not gonna come easy.Merkel spent Friday morning selecting some leaders one-on-one. She and other leaders huddled behind closed doors with Kaczynski, offering Poland various compromise proposals about the voting system.As the talks wore on, Merkel sought to place pressure on Poland to sign onto her proposal by saying Germany would move forward with negotiations on the roadmap — even without Poland's blessing.Warsaw finally decided to a French-German suggestion late Friday night, as outlined by Sarkozy's spokesman.As the discussions and compromises came across Saturday, other nations came forth using their own lists of complaints. Leaders hunkered down and underwent the mandate, eventually visiting an agreement shortly before 5 a.m."It went on for a long time but we achieved might know about wanted," Merkel said in a briefing to announce the agreement.She said the drafting with the treaty will begin in coming months, with ratification by no more 2007. The goal would be to have the rulebook in place by 2009."What what this means is for us is that we have been moving out of stoppage," she said. "We got all 27 states fully briefed in the end."British Prime Minister Tony Blair said the leaders complete construction part of the process."I don't even think there is anything that can derail the method now," he stated. "The rest is drafting."He said every one of Britain's "red lines" had been met."The most essential thing here is that the constitutional treaty was put to one side. This deal gives us a chance to move on," he said.Sarkozy said it was a key achievement to barter a compromise with Poland."After all, we didn't desire to leave the biggest country in eastern Europe behind," he explained. "We didn't move ahead with 26, though 27." ugg wellingtons
Days after it rose away from its banks on its way to record flooding in Cedar Rapids, the Cedar River has forced at the very least 24,000 individuals from their homes, emergency officials said Saturday.The bleak news came as swollen rivers breached levees in the state capital, Des Moines, along with far western Illinois, resulting in the evacuation of hundreds more homes.Officials guess it will be four days ahead of the Cedar River drops enough for workers to even begin pumping out water which has submerged at least 438 blocks, threatened the Cedar Rapids h2o supply and forced the evacuation of a downtown hospital."We're estimating at the very least a couple of weeks before the flood levels get down right around flood stage and below," said Dustin Hinrichs in the Linn County emergency operations center.The Cedar River crested Friday night at nearly 32 feet, 12 feet higher than the old record placed in 1929. By Saturday morning the river level had dropped greater than 2 feet and was continuing to fall about 2 inches an hour or so.Officials increased their estimate of residents forced from other homes to 24,000, a figure based on the belief that no less than 3,900 homes have been evacuated. Cedar Rapids has a population of about 120,000."It's a lttle bit overwhelming ... " said the city's mayor pro-tem, Brian Fagan. "This can be an endurance competition. We will need to be patient. We have to be cooperative."Even as the river slowly recedes, Cedar Rapids officials worried that the city's supply of fresh drinking water would run out. Cedar Rapids merely has one of 44 wells working, Fire Department spokesman Dave Koch told The first Show . "Forty-three of them are under water rather than working. We're only producing 25% from the water that we need. Unfortunately, we're still using more water than we're producing. So we're still asking residents, businesses and industry to severely minimize water use."The sole working well had been protected by sandbags and pumps powered by generators. Crews hoped to view flooded wells Saturday to find out if they could make repairs to get them back online. However with every passing hour, the city's drinkable water level dropped as residents used more water than the well and supplemental sources from nearby towns could provide."We will deplete our supply in 3 or 4 days unless we obtain further reduction in use," said Pat Ball, the city's utilities director.CBS News correspondent Hari Sreenivasan claimed it is expected to be four days before the streets of Cedar Rapids are visible again. "It will not be until June 18 that we will be below what was predicted to be the crest, which the thing that was the previous record," Cedar Rapids Mayor Kay Halloran told the CBS Early Show . On Friday the total scope of the damage was becoming clear. No less than 438 city blocks were under water, hospital patients in wheelchairs and stretchers were evacuated in the middle of the night, and officials said as much as 10,000 townspeople had been driven from their homes on this city of 120,000.Sreenivasan reported on the new ferry service in southwest Cedar Rapids, the place that the tree-lined streets are now waterways. Boater Tony Iaillo helps homeowners salvage what you can. "All my stuff's destined to be ruined," one flood victim said. "My entire life." Iaillo helps a lady retrieve her medication. Some overlook the warnings of the filth and danger in the water and plow through anyway to recoup what's most important in their mind - like person who rescued his pets. "We ain't gonna let our dogs die," he said. Preliminary damage estimates in Cedar Rapids reached $737 million, and city officials foresee a lengthy recovery.Just south of Cedar Rapids, in Iowa City, the Iowa River had caused major damage by Saturday although crest was at least 2 days away. The river is predicted to reach 33 feet to 34 feet late Monday or early Tuesday, apart from the 25-foot flood stage. no previous page next 1/2 mulberry factory stores
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