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| SAN FRANCISCO (MarketWatch) -- U.S. stocks dropped Monday about the final trading day's 2007, with the market finding only short-term comfort from your report that existing home sales modestly improved in November. The Dow Jones Industrial Average was last off 96 suggests 13,268.89 and was earlier down greater than 100 points in mid-morning trade, dragged lower by Citigroup and AT&T Inc. . The S&P 500 fell 10 suggests 1,467.98 along with the Nasdaq Composite lost 22 points to 2,652.55. The blue-chip index briefly pared losses following your National Association of Realtors said sales of existing homes rose 0.4% in November to some seasonally adjusted annualized rate of 5.00 million, consistent with expectations by economists surveyed at MarketWatch. Sales were down 20% before year and were down 31% in the peak of 7.21 million a couple of years ago.But the nascent equity comeback fizzled as "the housing data was roughly lined up. It's not off consensus and it's not likely to change the scenario," about weakening for the overall design, said Steve Goldman, chief market strategist at Weeden & Co. Stephen Sachs, head of trading at Rydex Investments, said while trading has been thin it "may obtain a little busier within the afternoon because it's quarter-end and year-end." For your year so far, the Dow is up more than 7%, with a 35% jump for industrial conglomerate Honeywell International Inc. offsetting a 47% downturn by Citigroup. The broader S&P 500, which can be weighted toward financials, comes to an end more than 4%, while the tech-heavy Nasdaq Composite has climbed 11% on gains by heavyweights like Apple Inc. , Rim and Google Inc. But Google shares were down $4.66, or 0.7%, at $697.83 Monday. The business is in talks with newspaper publishers to market space in their pages to online clients, according to a report in the Sunday Points in the London.Individual issues In give attention to Monday were shares of Delta Petroleum Corp. , which shot up 17% to $18.12 following plans by Kirk Kerkorian's Tracinda to buy 35% of the company for $684 million, or $19 a share. An investment is at 23% premium to Friday's close. Merrill Lynch shares were down 1% to $52.44 after a report that the financial giant is within talks with foreign investors to increase more capital because it shores up losses on mortgage-related assets. Shares of Chinese Search engine optimization and Nasdaq 100 component Baidu.com fell $5.38, or 1.4%, to $393.01 following news over the past weekend that Chief Financial Officer Shawn Wang died in a accident on Nov. 27. Meanwhile, Vonage Holdings shares jumped 7% after it said it settled a patent dispute with Nortel Networks . Other markets Treasury prices were higher, shrugging off of the slight increase in existing home sales. The yield on the benchmark 10-year note was right down to 4.023%. Crude-oil futures -- up nearly 60% this coming year - were volatile on concerns that Iran is likely to start its first nuclear reactor next year, while two facilities in Australia were shut as a result of cyclone. After climbing earlier in the session, crude futures were last down 0.6% at $96. The dollar was mostly higher, gaining contrary to the euro but slipping contrary to the Japanese yen. Gold futures fell the very first time in six sessions, by 0.9% to $835 an oz. Overseas, the KSE-100 in Karachi finished a loss of 4.7% about the first day of trading since Pakistan opposition leader Benazir Bhutto was assassinated Thursday. Stocks in Europe closed 2007 with their first annual decrease of four years. By Carla Mozee mulberry satchel bags
A part-time south Alabama evangelist pleaded not liable Tuesday to a murder charge inside the death of his wife, a parent of eight whose body was stored in a freezer at the very least three years.Through his attorney, Anthony Hopkins, 37, also pleaded not liable to separate charges of sexual abuse, rape, sodomy and incest.Prosecutors said the teenage victim in that case is a female relative that's pregnant with his baby. Her disclosure of the alleged sexual abuse led police to discover the body in the freezer on July 28.Mobile County District Judge Charles McKnight set bond at $750,000 on the murder charge within the death of 36-year-old Arletha Hopkins and $10,000 on every one of the sex charges. It wasn't immediately known if Hopkins, father of six from the children, could post bond. He made no comment problem and was returned to jail.Hopkins maintains his innocence, said defense attorney Jeff Deen. A shot date has not been set.An autopsy to discover cause of the wife's death hasn't been completed as investigators waited to the body, which had been found in a chest-size freezer, to thaw.The children, ages 3 to 19, were in state custody, however mother's relatives in Wadley, Ga., were expected to come for them.With the bond hearing, Assistant District Attorney Ashley Rich described Hopkins like a flight risk and opposed granting bond. Rich told the judge Hopkins had once been absent without leave through the Army in Fort Bragg, N.C. from June 15, 1995 until April 6, 1998 as he was arrested in Saraland, near Mobile. She said he had no steady employment record.Rich said Hopkins has ties to Alabama, Georgia, Mississippi, Texas and New york."He has traveled through many states in his career in the military as well as with his chosen calling. He calls himself a preacher. Determined by that, he is a flight risk," Rich told reporters after Tuesday's hearing.Hopkins, who may have lived in Mobile about seven years, had worked four years as a nurse's aide at Searcy Hospital, circumstances mental facility in north Mobile County, and 4 years at a shipyard while the Hopkins family performed as being a singing group at small churches and Hopkins preached.Prosecutors told the judge that Hopkins also could face another rape charge involving another teen relative in Jackson, the suburbs in Clarke County where Hopkins has roots. He was arrested there on July 28 while preaching with a rural revival.Yesterday, evangelist Beverly Jackson of Inspirational Tabernacle Church of God In Christ in Jackson, Alabama told CBS affiliate WKRG-TV Anthony Hopkins had just preached about forgiveness when sheriff deputies placed him under arrest.When Jackson asked police why they were arresting Hopkins, she says they informed her, "He murdered his wife." As outlined by Jackson, Hopkins told her that his wife died 4 years ago while becoming pregnant to their youngest son."What on the globe is going on? I had no idea which he was even capable of something similar to this," Jackson told WKRG-TV.Good news also came being a shock to others who say they knew Hopkins being a faithful Christian man who often took the pulpit."He appeared to be a real man of God," said Carl Richardson, pastor in the Jackson church. "So, to listen to something like this, we must be careful about who we trust in these days and times." bailey button ugg
Just before he ditched into New York's Hudson River a few weeks ago, the pilot folks Airways Flight 1549 calmly radioed to air traffic controllers, "We're usually in the Hudson."The audio recordings, released Thursday by the federal government Aviation Administration, reflect the original tension between tower controllers and also the cockpit and then confusion about whether or not the passenger jet entered the river.According to the tapes, Capt. Chesley "Sully" Sullenberger, who sounded calm and matter-of-fact during the episode, also considered Teterboro Airport in On the internet services, just across the river from Ny, but told controllers "we can't get it done."Sullenberger's voice never wavered, reports CBS News correspondent Bob Orr. But his badly crippled plane as well as the 155 people fully briefed were running out of good options."It was the worst sickening pit-of-your-stomach, falling-through-the-floor feeling That i've ever felt in my life," Sullenberger told CBS Evening News anchor Katie Couric in an exclusive interview. "I knew immediately it was very bad." See Katie Couric's interview using the captain and crew of U.S. Airways Flight 1549. Sunday, Feb. 8, 7 p.m. ET/PT. "Emergency inbound," one tower controller says as they tries to arrange for the stricken plane to land at Teterboro."Can I get him in for Runway One?" the controller at The big apple TRACON, the Terminal Radar Approach Control Center in Westbury, N.Y, asks the tower at Teterboro."Runway One, that's good," says the tower controller at Teterboro."Cactus 1529 turn right two-eight-zero" for Teterboro, the TRACON controller orders the plane's pilot. Cactus will be the call sign used by controllers for individuals Airways; the FAA says the controller, within the intense situation, got the flight number wrong."We can't undertake it," replies the plane's pilot."Which runway are you wanting at Teterboro?" asks the tower at LaGuardia."We're likely to be in the Hudson," the pilot replies."I'm sorry, say again Cactus" an aura traffic controller responded after hearing the pilot's message he was ditching the Airbus A320.There was no response from the aircraft.After exposure to the plane the skin loses, the tension in the tower at LaGuardia is clearly reflected within the voice of a controller. He sighs after which whispers to himself, "All right" as they returns to his normal duties."He lost all thrust" and "they're gone, all frequencies," the controller tells another plane which is preparing to take off.Sullenberger has told FAA investigators he glided the plane to the river rather than risking a catastrophic crash in the densely populated area. All 155 aboard survived. The problem began moments after Flight 1549 shot to popularity on Jan. 15."Hit birds, we lost thrust in both engines, we're going back to LaGuardia," the aircraft reported.Controllers handling the departure told the LaGuardia tower: "Tower, stop your departures, we have got an emergency returning." After identifying the flight, the trainer told us, "He lost all engines, he lost the thrust within the engines, he is returning immediately."But less than 20 seconds later, Flight 1549 reported: "We're unable. Natural meats end up in the Hudson." That led to the unsuccessful scramble to divert the plane to Teterboro.The nation's Transportation Safety Board said Wednesday they've confirmed there have been birds in both the airliner's engines. Remains from both engines have also been sent to the Smithsonian Institution in Washington to get the particular bird species identified.The safety board also declared that an engine surge experienced by aircraft during a flight two days before the accident was as a result of faulty temperature sensor. The sensor was replaced, as well as the engine was examined determined to be undamaged before being returned to service.The flight data recorder revealed no anomalies or malfunctions either in engine until Sullenberger reported striking birds, the board said.Engine maintenance records also show the engines ended up serviced in compliance with the FAA's most recent safety directive, the board said.Yesterday, the aircraft was moved in the barge where it turned out docked in Jersey City, N.J., with a secure salvage yard in Kearny, N.J, where it's going to remain throughout the estimated 12 to Eighteen months the NTSB investigation could take. mulberry bags alexa
SOURCES: Bruce Silverglade, legal affairs director, Center for Science inside the Public Interest. Barbara Peterson, PhD, Institute of Food Technologists. www.danactive.com. www.enviga.com. News release, CSPI. Barbara Schneeman, PhD, director, FDA office of nutritional products, labeling, and vitamin supplements. By Todd Zwillich Reviewed by Louise Chang ugg fashion australia
This story was written by Joseph Weisenthal. How did Getty Images (NYSE: GYI) decide to put itself up on the auction block, a procedure resulting in its $2.4 billion sale to PE firm Hellman & Friedman? Inside a monstrous SEC filing, the business has published the slides its banker, Goldman Sachs, shown to the board to aid it pursue strategic alternatives. Some background: the business confirmed the search for strategic alternatives in January, and announced a procurement in February, but it wasn't quite so quick. The bank made its first presentation back September (seen in this sub-section from the filing). The timing on this is significant, as the company's stock had just taken a monster hit, trading around 40 % below its highs from earlier during the summer time. At that point, there were four choices on the table: preserve things as they are, aggressive recapitalization (take on debt, share buybacks, etc.), leveraged sale along with a strategic sale. Ultimately, the organization decided on October 23 to pursue a prospective sale. Lots more details after the jump.-- Bid timeline: Perhaps the most striking benefit of the bidding history is when quickly would-be buyers dropped their bid. Back November, when Getty was trading in the low $30s, there was initial curiosity about the company at $37-$45 per share. But as the stock dropped (and perhaps because of the economy), the degree of interest started to come down, such that by February 4, 3 firms submitted bids. One was H&F at $32.75 per share, even though the other unidentified firm offered just $30. After some negotiations, H&F moved the sale up to $34. Ultimately, it was just a little bit above where Getty was trading at in the event it initiated the process (a polite nod to efficient markets. Additionally it is below the company's one-year average of around $38.-- Interest: Almost entirely from leverage (PE) buyers. Through the early slides, it's clear that Getty and Goldman expected a PE bidder is the likely outcome. However, the initial presentation did list Adobe (NSDQ: ADBE), Google (NSDQ: GOOG), News Corp. (NYSE: NWS), Sony (NYSE: SNE) and Reuters (NSDQ: RTRSY) like a few illustrative potential strategic buyers. Illustrative is the vital thing; these weren't businesses that showed any interest, as well as companies that Goldman thought may want to bid. They were isted to show what kind of financial impact a Getty acquisition could have on a range of buyers. It is interesting, again, to consider the sale prices we were holding talking about. When examining a tie-up with Adobe, as an example, the analysis was done on potential bid prices of $38 and $44, for across the end price. Later on, in January, after news of Getty's sale was leaked from the New York Times , the corporation did get some mild interest from strategic buyers, including Reuters, Discovery Communications (NSDQ: DISCA), Thomson (NYSE: TOC) and NBC, as well as an unidentified "Strategic Party C". None of the companies followed up after initial conversations, save Strategic Party C.-- That same NYT article prompted some interest from PE buyers as well. Given the timing of the article, at a time when interest had declined, this indicates possible that it was the result of an intentional leak meant to goose intrest (that's just a hunch based on the way the timeline is described).-- Growth: The stock movement over the past year tells the tale pretty clearly: the bloom had come off the rose, because market lost confidence from the company's growth prospects. Their own projections say the same thing. From 2002-2007, earnings CAGR was around 41 percent. Through 2012, the expansion rate was anticipated to drop to 8.8 percent.-- Changing model: In 2007, Creative Stills, send out biggest business line, accounted for $461 million, or 51 percent of Getty's total revenue. By 2012, this line was supposed to shrink to $348 million, just 29 percent from the total. Conversely the iStockPhoto business, currently just 14 percent of total revenues, is anticipated to account for 22 percent. B2B music, an extremely small slice of the pie at $14 million in 2007 is predicted to more than triple to $46 million by 2012. Observe that Getty's smaller rival Jupitermedia (NSDQ: JUPM) continues to be pushing the music side of these business hard with multiple acquisitions. By Joseph Weisenthal mulberry york outlet
Botox, which has been smoothing wrinkles for a long time, may also help relieve the bothersome urinary symptoms of an enlarged prostate or bladder conditions, researchers report. Good news came out at this week's annual meeting of the American Urological Association in Anaheim, Calif.For many years, some urologists have used Botox off-label (meaning employed for conditions not approved for by the FDA), says Michael Chancellor, M.D., professor of urology and obstetrics and gynecology with the University of Pittsburgh and one of the researchers linked to this week's presentations. The percentage of U.S. doctors using it currently is small, he says."I've used it since 1998 either way bladder problems and prostate problems," Chancellor tells WebMD. For bladder problems for example overactive bladder, the Botox generally last about few months, he says; for prostate-related bladder problems, with regards to a year.After a few weeks, Chancellor says, some patients can stay away from the medications originally prescribed to alleviate the bladder symptoms.Injecting Botox to the prostate gland helped ease urinary symptoms for about a year, says Yao-Chi Chuang, M.D., a urologist at Chang Gung Memorial Hospital in Taiwan and researcher for the study presented Wednesday in the conference. Chuang, Chancellor and their team studied 37 men (average age 67) who failed to do well on the medications commonly prescribed to relieve the urinary problems associated with the enlarged prostate, a condition called benign prostatic hyperplasia, or BPH. The men's prostate surrounds the urine-carrying tube or urethra. If this enlarges too much, because it tends to do with age, it might constrict the urethra, and men report trouble emptying the bladder completely. Common symptoms of BPH include weak urine stream, leaking or dribbling, feeling that the bladder hasn't emptied completely after voiding, and more frequent urination. Employing a needle about six inches long, Chuang's team injected 100 units to 200 units of Botox into each side of the prostate all around the urethra. The total amount injected depended on the size of the man's prostate, he states. When the men were evaluated before and after treatment, Chuang found that 73 percent with the men had greater 30 percent improvement in symptoms. "Effects lasted six to 1 year," he says. "It's very safe." Exactly how it works isn't certain, Chuang says. "It probably relieves smooth muscle contractions with the prostate <that>can give rise to the bladder problems], and inhibits the inflammatory process <that>also plays a role]," Chuang tells WebMD.The toxin can also help relieve symptoms of overactive bladder, in which the bladder wall muscle inappropriately contracts, causing the urge to urinate, other researchers reported. Daniel M. Schmid, M.D., from the University Hospital Zurich, and his awesome colleagues injected 100 units of Botox to the bladder wall muscle of 180 males and females with overactive bladder. Within a fortnight, he reported, 87 percent had significant improvement in symptoms, with urgency disappearing in 75 percent and incontinence in 84 percent. Chuang's Botox study was unfunded. Now, he's enrolling subjects within a study that will assign some men with BPH symptoms with a Botox group while others to a control group which gets placebo injections that don't contain Botox. That study is funded by Allergan, the software creator of Botox.By Kathleen DohenyReviewed by Louise Chang, M.D.? 2007, WebMD Inc. All rights reserved ugg boots black
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