| kxyuxanhpmc | Date: Sunday, 01 Dec 2013, 7:12 AM | Message # 1 |
|
Private
Group: Users
Messages: 17
Status: Offline
| NEW YORK (MarketWatch) -- Stocks fell sharply on Tuesday, as oil near $130 a barrel fueled concerns that surging commodities prices will further crimp U.S. consumption, while the state run signaled the central bank may be done with cutting interest levels to boost the economy."The # 1 concern on everyone's mind is higher oil prices," said Robert Pavlik, chief investment officer at Oaktree Asset Management. "Investors are questioning if the rally we've had <over>earlier times two months] is sustainable, with concerns about energy and remaining problems within the financial industry."Oil surged to a different record of $129.60 a barrel, with bullish calls by investments banks, weakness inside the dollar and supply concerns fueling the gains. Consumer-related stocks were on the list of worst decliners early on Tuesday. The Dow Jones Industrial Average was off 209 points, or 1.6%, to 12,819, with 29 of their 30 components in the red. Leading blue-chip decliners were financial stocks American Express , AIG , Citigroup and J.P. Morgan Chase . Pressuring financial-related stocks, the vice chairman from the Federal Reserve signaled the central bank has stopped cutting rates of interest for now.Chevron and Exxon Mobil were one of many few rising stocks about the Dow. The S&P 500 index fell 15 points, or 1%, one,411, with financials, off 2%, leading the drop, closely followed by consumer discretionary, off 1.8%, and technology, off 1.6%."The market has already established a nice run," said Peter Cardillo, chief market economist at Avalon Partners. "Now inflation, concerns about financials, and some bad corporate news The Nasdaq Composite lost 29 points, or 1%, to two,486. Hewlett-Packard , a blue-chip stock, fell 0.5% ahead of posting delayed results following the close.Before the market opened, inflation concerns were fueled by a written report showing wholesale prices outside food and energy rose the most in around 17 years. Core producer prices, which exclude food as well as, rose a higher-than-expected 0.4% in April, or 3% year-on-year -- the best rise since late 1991. "It's about oil and it's about inflation, which remains driven by energy," said Peter Cardillo, chief market economist at Avalon Partners. "The core rate doubling isn't good news, with inflation beginning to spread."Highlighting woes about U.S. consumers and also the economy, Home Depot said its profit dropped 66% and said the housing and home improvement markets remained difficult within the first quarter. "In fact, conditions worsened in several areas of the country," CEO Frank Blake said. Both Lowe's and its smaller rival Lowe's Cos. happen to be hurt by turmoil in the housing and credit markets. Soaring gasoline and food prices in addition have claimed a bigger part of shoppers' budgets, leaving them with less money to spend on discretionary purchases or big home-improvement projects, analysts said. No Fed on the rescueMeanwhile, inflation is also regarded as of concern at the Fed. On Tuesday, a key Federal Reserve official signaled the central bank really wants to hold interest rates steady after cutting them sharply since last summer to fuel liquidity and boost the economy. "With the information now at hand, it is my judgment that monetary policy appears to be appropriately calibrated for the time being to promote both rising employment and moderating inflation," said Donald Kohn, vice chairman from the Fed in a speech. MoversStaples reported a 2% profit rise, and profit at Target dropped 7.5% in the first quarter.Our planet's fourth-largest tobacco firm, Imperial Tobacco said it is going to issue 4.9 billion pounds ($9.6 billion) in discounted stock to finance its acquisition of Franco-Spanish cigarette and cigar maker Altadis.Barclays is considering acquisitions of banks ranging from Lehman Brothers and UBS to Britain's Alliance & Leicester, in accordance with an unsourced report inthe Daily Telegraph newspaper. Barclays said it didn't comment on market speculation.U.S. stocks ended mixed on Monday, as record crude-oil prices triggered another choppy session, together with the Dow industrials rising 41 points along with the S&P 500 adding a spot, while the tech-heavy Nasdaq Composite shed 12 points, with SanDisk disappointing on sales.By Nick Godt ugg boots chestnut
NEW YORK (MarketWatch) -- U.S. stocks were mixed on Friday, after news of falling consumer sentiment in April cancel out the boost from tamer March core producer prices as well as upbeat earnings and forecasts from blue chips Merck & Co Inc, Kenmore Co. and McDonald's Corp.Technology shares turned negative after news of your product delay at Apple Inc.The Dow Jones Industrial Average was up 21 points at 12,573, just 14 of its 30 components in positive territory. Merck almost single-handedly lifted the Dow. Its shares were up 7.7% after it lifted its profit forecast for your year, citing "strong performance" across its product lines and sparking a Goldman Sachs upgrade with the stock.Merck also received an extra lift after confirming which a Federal court has dismissed a securities class action agains the company about its former arthritis treatment Vioxx.Meanwhile, shares of Alcoa Inc. , Intel Corp. and Microsoft Corp. weighed on the Dow.Yet, in spite of overall gloomy expectations for that first-quarter earnings season, several blue chips besides Merck developed upbeat news on Friday.Kenmore Co. rose 0.6% as soon as the bellwether's first-quarter results came in line with analysts expectations. GE also reaffirmed its earnings guidance for 2007.McDonald's Corp. gained 1.2%. The business said worldwide same-store sales rose 8.2% and said it expects first-quarter earnings of 62 cents, together with a 1-cent gain from foreign currency translation. Analysts polled by Thomson Financial on average expect first-quarter earnings of 57 cents per share. Analysts' estimates usually exclude items.The S&P 500 index fell 0.6 suggests 1,448, while the Nasdaq Composite eased 5.9 points to 2,474.Trading volumes showed 497 million shares exchanging hands on the New York Stock Exchange and 640 million trading about the Nasdaq. Declining issues outpaced gainers by 15 to 14 for the NYSE and by 14 to 13 on the Nasdaq.By sector, pharmaceutical , oil and gold led increases, while semiconductors , software and software fell.Tech shares were weighed down by Apple Inc. , whose shares fell 1.4% after saying it could delay the release of Leopard, the following upgrade of its Mac os, until October.Elsewhere, Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. said the Justice Department has requested numerous their planned merger. However the two companies' stock received an enhancement from CBS Corp.'s announcement it has canceled Don Imus' show within the wake of the talk show host's racially-charged remarks about the Rutgers University women's basketball team.Proof within the consumer puddingStock proxies first turned lower after news that the Reuters/University of Michigan consumer sentiment index fell to 85.3 in April from 88.4 in March, reaching its lowest level since August of 2006. Economists expected the index to fall to 87.0. Consumers cited higher gasoline prices and continued decliners inside the housing market.The expectations index, the component of the index of leading economic indicators, fell to 74.3 in April from 78.7 in March.With gasoline prices planning to rise further prior to the summer driving season, the expectations index might even dip further, said Ian Shepherdson, chief U.S. economist at High Frequency Economics."We may not be surprised if it were to slip below the 68.0 recorded when gas prices peaked last summer," he was quoted saying, in a note. "But even at its current level the expectations number is 9.6 points below the reading from March 2001, the very first month of the <last> recession." Earlier news that producer prices, excluding food as well as energy, were unchanged in March, had boosted hopes that inflation may be under control and that the government Reserve has enough leg room to cut interest rates to boost the economy, if neded.But "Federal Reserve policymakers face an arduous challenge accomplishing both moderate inflation and growth," said Peter Morici, economics professor with the Robert H. Smith School of Business at the University of Maryland, inside a note."Confronting a Hobson selection of pushing the economy into recession or leaving an inflation spiral, the top policy course will be to do no harm, and then leave the economy to its natural dynamics," he was quoted saying.Other marketsBonds were slightly higher as soon as the PPI and the loss of consumer sentiment. The benchmark 10-year Treasury bond was up 1/32 at 99 4/32, yielding 4.761%. The dollar weakened against the euro and the yen as traders adjusted their positions before a Group of Seven meeting. Oil, meanwhile, fell slightly, giving back some of Thursday's sharp gains on the back of an International Energy Agency claim that world oil output fell in March. The May-dated light crude contract was down 1 cent at $63.84 a barrel.Among oil majors, Exxon Mobil Corp. still rose slightly.By Nick Godt mulberry factory shop uk
It's a tale of two unique mega-transactions: Bank of America Corp.'s buying brokerage firm Merrill Lynch & Co. offers a prospect of brighter days ahead for the newly-merged company, while the bankruptcy filing of investment house Lehman Brothers merely serves to target the sorry history of massive excess reducing many venerable firms inside financial services industry.In one swoop, BofA's CEO Ken Lewis has transformed the Charlotte-based banking concern in to a global investment powerhouse regarding his $50 billion all-stock purchase of Merrill. At first, this looks like a great deal for both institutions. For any reasonable amount and virtually overnight, BofA becomes the largest retail brokerage on earth -- adding 16,ooo Merrill financial advisers to its current 4,000 as well as $2.5 trillion in client assets.To build a nework like that basically over completely from scratch would have cost even more than the announced $50 billion. Add in Merrill's 50-percent ownership stake in investment firm Black Rock, which itself has $1.4 trillion in assets under management, and BofA now possesses a whopping $589 billion assets under its management tent. From that base, BofA contains the muscle to become a predominant institutional financial services player with strength in fee-generating sectors including: debt underwriting; equities; and merger and acquisition work.Meanwhile, Merrill -- which like most of its Wall Street brethren is reeling from subprime home loan losses -- was saved from taking the painful bankruptcy path taken today by Lehman.Will be the BofA-Merrill deal risk free? Not a way.Already, the bond ratings agencies are breaking badly on BofA, fearing the banking concern has overreached. Meanwhile, BofA stock is suffering on news from the deal and CEO Lewis must win over that key constituency, that can have to approve this deal.Of greater dilemma is just how toxic Merrill's balance sheet is because its subprime holdings. Indeed, each side agree the deal was developed in haste and finalized right after BofA walked away from bailing out Lehman.However, BofA's Lewis is up for the challenge of handling whatever loan problems Merrill serves. Earlier this year, Lewis bought the sickly California-based Countrywide Financial, proving he's not shy about going for a calculated risk on damaged franchises and assets--provided they advance BofA's pursuit to become a global financial services powerhouse.While Merrill is still equipped with a future, Lehman Brothers offers only a tragic past.A victim of its own excess, Lehman enters Manhattan bankruptcy court with $613 billion with debt and assets worth $639 billion. Most shareholder equity will likely be wiped out and bond holders will probably be lucky to get 60 cents around the dollar.One of the biggest underwriters of subprime mortgages, Lehman's balance sheet is often a mess with a capital ratio -- total assets when compared with shareholder equity -- at 31, one of many highest among large Wall Street investment houses. In a sign of events in the future, Lehman last week suffered its biggest loss ever and said it was in dire need of a capital transfusion.Lehman had hope the U.S. Treasury would grease its sale to a different financial services company by providing some financial aid as it did in March when JP Morgan Chase acquired Bear Stearns, another subprime enabler.In a sign how the U.S. government can't save every financial institution from itself, U.S. Treasury reportedly offered only minimal assistance and left Lehman alone to find a rescue plan.Ultimately, two potential suitors -- BofA and Barclays Plc -- backed away, forcing the 158 year-old Lehman to enter bankruptcy court. usc uggs
The Cannes Film Festival's latest contenders are a cinematic odd couple - British director Ken Loach and French soccer legend Eric Cantona, who stars in Loach's festival entry "Looking for Eric."It works out that Loach - an unflinching social realist whose subjects have ranged from troubled teens ("Kes") to illegal immigrants ("It's a totally free World") to the Irish war of independence ("The Wind That Shakes the Barley") - is really a passionate believer in what one character inside the film calls "the great god of football."Loach puts the love of soccer on-screen in "Looking for Eric," his sweetest, funniest film in a long time. It's the story of an depressed mailman (Steve Evets) who turns to his sporting idol, Cantona, for guidance.The director said Monday that soccer played a huge role in many people's lives."People, particularly men, find it hard to express their feelings, often," Loach said. "But in the game you go from despair to hope to triumph to sadness to elation in a hour and seventy-five per cent."If a film could make that happen, it'd be some film."Loach's movie is among 20 competing for Cannes' top prize, the Palme d'Or, an award the 72-year-old director won several years ago for "The Wind That Shakes the Barley.""Looking for Eric" earned warm applause at the screening Monday - and Cantona's appearance at a news conference sent journalists scrambling for autographs and photos.Cantona, 42, is much more than a soccer star. He's a demigod to fans, specially in Britain, where he spent five years in the 1990s playing for Manchester United. His status comes both from his skill about the pitch and his reputation as being a sporting sage, famous for cryptic pronouncements."When the seagulls adhere to a trawler," Cantona once told reporters, "it is that they think sardines will be thrown in the sea." By seagulls, he apparently meant journalists, with him is the trawler.He also was a passionate and volatile player who was suspended for nine months in 1995 for karate-kicking an admirer who had heckled him.Inside the film, Cantona plays himself, as being a sort of imaginary spiritual guide generated in your mind by Evets' character Eric, a Manchester United fan driven to breakdown by guilt in the wife and child he abandoned 3 decades before.With Cantona's help, Eric gains the courage to confront the ghosts of his past as well as an external threat posed by his stepson's involvement with a local gangster.The film is a warmhearted crowd-pleaser and a change from the downbeat tone of several Loach films."We'd done a few films that were really quite tough," Loach said in the filmmaking team that also includes his regular screenwriter Paul Laverty and producer Rebecca O'Brien. "We thought it might be nice to do a film with a smile on our faces."A comedy can be a tragedy with a happy ending, and the story in this film may go in many different ways," he added. "It can be quite a tragedy, but equally it could be a comedy."Loach said that when the film succeeded, it was due to the actors, who include John Henshaw as Eric's friend and Gerard Kearns as his wayward stepson. "They played it dead true, and infrequently that's funny and often it is sad."Much in the humor comes through Cantona, who gets lines like, "He that sows thistles shall reap prickles" and "I am not a man. I am Cantona.""I like laughing at myself," said Cantona. "It's extremely important. It's a good weapon."Cantona retired from soccer at 30 because, he stated, he'd lost his passion for the game. He took up acting, with parts inside the 1998 costume drama "Elizabeth" and lots of French films, along with producing. Cantona is credited as a possible executive producer on "Looking for Eric."Cantona said he planned to maintain making movies "as long as I feel passion for acting," but said hello was up to viewers to make a decision whether he was anything good.Loach had no doubts."He acts like he plays football," the director said. "With flair and creativity." By Jill Lawless mulberry daria clutch bag
Weather forecasters lowered flood crest projections in certain parts of the U.S. Midwest, but warned that many towns still faced threats in the region where the overflowing Mississippi River is mainly responsible for some of the worst flooding in than a decade.The flooding within the Midwest has brought freight traffic for the upper Mississippi River to some standstill, stranding more than 100 barges set with grain, cement, scrap metal, fertilizer and also other products while shippers wait for the water to drop."We're basically experiencing total shutdown," said Larry Daily, president of Alter Barge Line Inc. of Bettendorf, Iowa.During the last month, the flooding has ravaged small towns along the river's banks, claiming 24 lives in six states, displacing thousands and devastating agricultural land. Volunteers and officials have scrambled to shore up levees amid government warnings that a couple dozen could fail.Three levees broke inside the western part of Missouri on Thursday, sending a creeping wave of water toward the town of Foley and causing more concern in nearby Winfield.Floodwaters rapidly filled roads, yards and gullies, and authorities estimate high of Foley will be flooded by the weekend.In Foley, Bobby James Jr.'s yard employed to overlook a sod farm. But because of floodwaters that traveled a lot more than two miles to swamp his neighborhood, he now has lakefront property, reports CBS News correspondent Ben Tracy. Most residents of Foley and it is neighbor to the south, Winfield, left the region days ago. But John Watson didn't go far in their search for higher ground, opting instead to pitch a tent on his roof and observe the floodwaters rise. Others volunteered to help you, bagging 4.5 million pounds of sand. While the situation worsened in Lincoln County - where Foley is situated - it improved slightly elsewhere over the river after the National Weather Service significantly lowered crest predictions.The revisions came after several levee breaks in Illinois, including one on Wednesday near Meyer that potentially could inundate 17,000 acres of farmland with water that otherwise would've been flowing south.The stream was overflowing 90 percent of the levees in eastern Lincoln County, and at least four more breaches were supposed to aggravate the flooding overnight, said Lincoln County Emergency Management spokesman Andy Binder.Many towns over the river, however, will not likely get the record-level crests they expected. The brand new prediction shows St. Louis cresting at 37.3 feet on Friday, well short of the 49.58-foot mark set in the historic floods of 1993.National Weather Service meteorologist Jim Kramper said towns must always be vigilant."There will still be plenty of places with major flooding," Kramper said. "Even with the levels we're expecting now, a great deal of places are threatened."The weather may well not help, with forecasters predicting showers and scattered thunderstorms in Missouri and Iowa both Friday and Saturday prior to precipitation moves out Sunday.Because of high water for the Mississippi River, the military Corps of Engineers has closed nine locks along the upper Mississippi since June 12. Which includes stopped all traffic from the locks along a 225-mile stretch between Illinois City, Illinois, and Winfield, Missouri, northwest of St. Louis.Even though the bottleneck is costing barge operators hundreds and hundreds of dollars in lost revenue per day, June is a slow shipping period on the river compared with the late-summer harvest, the shutdown is required to last only a few weeks, and it involves primarily non-perishable goods. So no major damage to the economy is expected.The situation along the Mississippi in Missouri was improving Friday as government forecasters predicted crests sharply below 1993's record levels.In Iowa, where residents are mopping up following the deluge in Des Moines and Iowa City, President George W. Bush surveyed the flood's aftermath on Thursday and assured residents and rescuers alike he is listening to their concerns."Obviously, towards the extent we can help immediately, we'll help," said Bush, still mindful of criticism that the government reacted slowly to Hurricane Katrina inside the U.S. Gulf Coast 3 years ago.Bush is at Europe when tornadoes hit and high rains sent rivers surging over their banks, killing at least 24 people, the bulk in Iowa. He made a point to try to show his concern while overseas and traveled to Iowa just 2 days after returning.Federal Emergency Management Agency Administrator R. David Paulison accompanied Bush to Iowa. The agency also came under fire after Katrina.He said one thing FEMA was doing differently was working better with partners - the military Corps of Engineers and in many cases Wal-Mart to distribute supplies. The business also was placing stocks of sandbags and other supplies in states or towns where flooding had not hit yet or material was not requested, just to be well prepared, he said. bailey button chestnut uggs
As Terri Schiavo's health waned, a federal judge refused Friday to acquire the reinsertion of her feeding tube, thwarting another move from the brain-damaged woman's parents in their now-quixotic legal battle to keep her alive.For the second time, U.S. District Judge James Whittemore ruled up against the parents, Bob and Mary Schindler, who had asked him to allow their emergency request to revive her feeding tube when he considers a lawsuit they filed. The Schindlers, longing for a legal miracle, have drawn the 11th Circuit Court of Appeals for your third time immediately.Bob Schindler visited his daughter for approximately 15 minutes Friday morning. "Terri is weakening; she's down to her last hours," he said. "So something has to be done, and it has to be done quick."He said the attract the Atlanta court is "very, very viable and we're encouraging the appellate court to take a hard look at this thing and perform right thing.""The courts clearly assert enough is enough," says CBS News.com Legal Analyst Andrew Cohen. "At some time, the Schindler's lawyers have to be mindful of their ethical obligations never to file appeals that don't have a reasonable chance of success."The tube was removed yesterday on a state judge's order that agreed with your ex husband, who has said she's no hope for recovery and wouldn't need to be kept alive artificially. The Schindlers believe their daughter could improve and wouldn't wish to die.Schiavo's death could come in a hour or a week. Right-to-life protesters refuse to give up, and their ire is turning inward on Gov. Jeb Bush. The activists wanted Bush to ignore the courts and snatch Schiavo in the hospice and her husband's custody in the illegal raid, reports CBS News Correspondent Kelly Cobiella. However, the governor made his position precise. "I can't go beyond what my powers are and I'm not going to undertake it."Instead, Gov. Jeb Bush has ordered his legal team to scour state laws for a way to reconnect Schiavo's feeding tube.Michael Schiavo's attorney George Felos slammed Gov. Bush's increasingly tenuous efforts to circumvent the courts."We haven't seen obstructionism like that since the days of George Wallace as well as the civil rights movement, wanting to stop a black man from entering the school," Felos told the CBS News Early Show .As of Friday morning, Terri Schiavo, 41, had been without food or water for up to seven days and was showing signs of dehydration -- flaky skin, dry tongue and lips, and sunken eyes, based on attorneys and friends of the Schindlers. "She's still cognitive," Schiavo's father told CBS News Correspondent Mark Strassmann. "She hasn't lapsed in any sort of a coma yet, but that will come."She has now been over tube longer than she what food was in 2003, when the tube was removed for six days and five hours. It absolutely was reinserted when the Legislature passed a law later thrown out by the courts.On Thursday, Pinellas Circuit Judge George Greer denied Gov. Jeb Bush's request to let the state take Terri Schiavo into protective custody. Bush, continuing his steadfast support with the Schindlers, appealed to the 2nd District Court of Appeal.As part of his appeal to the federal courts, Gov. Bush cited the medical opinion of your doctor who is a prominent person in the Christian Medical Association, which opposes abortion, euthanasia and assisted suicide, reports CBS News Medical Correspondent Elizabeth Kaledin.Dr. William Cheshire, who declined to offer an interview to CBS News, issued a 7-page affidavit after a 90-minute bedside visit saying she actually is in fact minimally conscious, and will feel pain."The visitor includes a distinct sense of the existence of a living human being," he writes, "who seems at some level to understand some things around her.""That's totally bogus," responds Dr. Ronald Cranford in the University of Minnesota, one of several eight doctors to examine Terri Schiavo. no previous page next 1/2 mulberry holdall
[url=http://www.stylebootsonline.co.uk/new-uggs-p-381.html]new uggs[/url]
|
| |
|
|
