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| NEW YORK (MarketWatch) -- Stocks fell sharply Tuesday from a key service sector gauge contracted in January -- possibly signaling that the U.S. economy is in recession -- while Yahoo Inc. was again in news reports as a broker highlighted regulatory hurdles for Microsoft Corp's prefer to buy the Internet search engine.The Institute for Supply Management said its non-manufacturing index fell to 41.9% in January from 54.4% in December, well below the 53.0% expected by economists. Readings below 50% indicate most firms are contracting. "The ISM index fell off a cliff," said Peter Cardillo, chief market economist at Avalon Partners. "It's yet another piece of bad news on the economy, adding to the credit woes, the downgrades, as well as the political arena heating up."By early afternoon, the Dow Jones Industrial Average had fallen 250 suggests 12,383, with 28 of its 30 component stocks in negative territory.Among Dow components, insurance giant AIG together with financials stocks American Express , Citigroup Inc. and JP Morgan Chase , fell essentially the most.Financial woesThe outlook for stocks of many financial firms remains clouded by uncertainty over charges related to bad home loans. Concurrently, the insurers of bonds linked with those loans are also coming under heavy pressure, threatening to worsen a continuing credit crisis in global markets.Wall Street firms and regulators have been demonstrated to be working on a plan to bailout these insurers."The real issue is not just the sour economic problems though the bond insurers -- rather than knowing whether that rescue program's going to come into place," said Avalon's Cardillo.Meanwhile, shares of bond insurers Ambac Inc. and MBIA Inc. were going up Tuesday.The S&P 500 Index lost 28.7 points in morning trade to at least one,352, while the Nasdaq Composite Index fell 41 points to 2,341.Trading volumes showed 689 million shares exchanging on the job the New York Stock trading game, with declining issues topped gainers by a ratio of 23 to 7. Around the Nasdaq, 1 billion shares traded, with decliners topping gainers by 19 to 7. Downbeat YahooAmong technology shares, Yahoo rebounded from early losses to realize 0.4%. It earlier fell over 1.3% after Banc of America Securities analysts downgraded prospective Yahoo buyer Microsoft to neutral from buy. "Even if Yahoo shareholders approve a deal with Microsoft, we presume the acquisition could face significant regulatory hurdles in the U.S. and particularly in the EU, which could delay the acquisition from closing for a long time," the analysts said.Also hitting tech shares, National Semiconductor fell 7% after warning of lower quarterly sales.Other marketsFollowing the ISM data, market odds that the Federal Reserve will again cut interest levels by another 50 basis points at its next meeting jumped to 100%, based on Action Economics.Treasury bonds rallied - since they often do when inflation pressures abate and when the odds of a rate cut increase -- using the benchmark 10-year Treasury bond up 25/32 at 105 22/32, yielding 3.556%. The U.S. dollar still devote sizeable gains Tuesday from the euro and the yen, being a rate hike from Australia put pressure around the low-yielding Japanese currency information out of Europe was for the weak side.Together with the dollar on the ascent, gold futures for April delivery fell about $12 one ounce. Crude-oil futures fell $1.72 to $88.30 a barrel. U.S. stocks had a break down downbeat session Monday, with the Dow industrials falling 108 points, the S&P 500 dropping 14 points and also the Nasdaq Composite retreating 30 points.There were a number of earnings reports, including conglomerate Tyco International and corn refiner Corn Products International topping analyst earnings estimates.NYSE Euronext reported a 39% increase in adjusted profit, and Toyota Motor said its proit rose 7.5% during the last quarter.News Corp. Chairman and CEO Rupert Murdoch said separately his company won't bid for Yahoo. News Corp. owns MarketWatch, the publisher on this report.Overseas, the Nikkei 225 fell 0.8% in Tokyo but the FTSE 100 fell 2.6% as soon as the dismal U.S. data.By Nick Godt tillie mulberry
Assessment and recovery teams hit the skies, waters and beaches Friday trying to contain the damage coming from a 58,000-gallon oil spill containing stained some of Northern California's coastline.Oil skimmers, surveillance flights and shoreline cleanup teams continued to mop up the damage as questions persisted about why the Coast Guard took so very long to report the scope from the spill.The spill, regarded as the biggest in the bay since 1988, has fouled miles of coastline, closed several beaches, canceled weekend outdoor events and threatened thousands of birds and marine animals."The effects of the oil spill could persist for months and perchance years," said Tina Swanson, a fish biologist with the Bay Institute.Local officials and environmentalists criticized the Coast Guard for initially underreporting how much oil that leaked when the South Korea-bound container ship struck the San Francisco-Oakland Bay Bridge in dense fog Wednesday morning.City officials said they were being told a lot more than 12 hours following the incident that just 140 gallons had leaked in the bay."We would have responded differently whenever we had accurate information from the get-go," said Nathan Ballard, a spokesman for Mayor Gavin Newsom.Rear Adm. Craig Bone, the Coast Guard's top official in California, Nevada, Utah and Arizona, didn't explain the delay but stated it "is not acceptable." He was quoted saying the Coast Guard's reaction to the incident was immediate and aggressive.Gov. Arnold Schwarzenegger declared scenario of emergency Friday due to the spill after choosing state, federal and native officials at a command post at Fort Mason. He said he is satisfied with the interest rate and scope of clean-up efforts.The emergency proclamation makes additional state personnel and equipment offered to speed up the process.Schwarzenegger also directed circumstances office charged with preventing and responding to oil spills to use an industry-financed trust fund to help pay for the cleanup."How will a ship, with that much space available, so how exactly does a ship hit the bridge?" Schwarzenegger asked while he was shown a guide of the bay and where the vessel struck the bridge."That's what we're investigating," Coast Guard Capt. William Uberti, captain from the Port of Bay area, answered. "That shouldn't have happened."The accident would not damage the span, nevertheless the vessel's hull was gashed, officials said.Tides carried a plume of heavy fuel beneath the Golden Gate Bridge and into the Pacific Ocean. By Thursday afternoon, oil was sighted about 15 miles north in the city, and at least eight beaches in San Francisco and Marin County were closed.CBS News correspondent John Blackstone reports that oil is dishes around the shores of Alcatraz, which, besides being a tourist attraction like a former prison, is also an important bird habitat. Wildlife rescue workers and volunteers combing beaches are finding dozens of dead and injured seabirds coated in black oil, said Michael Ziccardi, director in the California Oiled Wildlife Care Network. Ten to 15 teams were to be dispatched Friday to look for more.More than 30 oiled birds, mostly surf scoters that live on the water's surface, were taken up a mobile rehab facility at Fort Mason, Ziccardi said. Most is going to be taken to a wildlife care center to become cleaned and rehabilitated prior to being released into the wild.Wildlife officials are involved that the region's sea lions and harbor seals you may also have affected, though there weren't any confirmed reports of injured marine mammals. Officials and fishermen also worried how the spill could hurt several perch.Sen. Barbara Boxer criticized the Coast Guard's response in the letter sent to Commandant Adm. Thad W. Allen, saying she was "very troubled by the Coast Guard's delay in delivering accurate information on the public and the capital of scotland- San Francisco. Many questions remain as to the reasons it took a whole day to determine the gravity on this spill."Uberti said Coast Guard personnel knew the complete extent of the spill by around 4 p.m. He rejected any suggestion how the crews could have contained the spill more rapidly."We mobilized as if it was a big spill right away," Uberti said.Some 9,500 gallons of fuel was recovered, and 18,000 feet of booms were in place by Thursday afternoon, the Coast Guard said.Authorities were investigating the cause of the crash. mulberry backpack
Police fired tear gas Tuesday to disperse lots of supporters of President Mwai Kibaki, hours before former U.N. Secretary-General Kofi Annan was due in Kenya to mediate the deadly dispute over Kibaki's re-election."Kibaki is our president!" the supporters shouted in downtown Nairobi before riot police separated the gathering. The Dec. 27 election returned Kibaki to power for any second five-year term, with official results putting opposition leader Raila Odinga second inside the closest presidential race in Kenya's history. Odinga accused Kibaki of stealing the vote, and protests exploded into riots and ethnic fighting. The death toll has reached 685, the government said Tuesday.Foreign and native election observers have said the vote count was deeply flawed. Although electoral chief pronounced Kibaki the victor, he later said he had been pressured to do so and did not know who won. Efforts at international mediation thus far have failed, and CBS news reporter Katherine Arms says observers have little hope that Annan will be able to win concessions from Odinga or Kibaki. Annan is a smooth diplomat with a cool head, but, says Arms, "both with the characters here are indignant, resolute and unmoving."Ghanaian President and chief from the African Union John Kufuor left here empty handed after selecting Odinga and Kibaki, separately, and many think Annan is likely to endure the same fate. The election has used resentments that resurface regularly at election time in Kenya. But never before has the anger been so prolonged or taken numerous lives. As Kibaki's power becomes more entrenched each day, the opposition's best hope may rest in exercising a power-sharing agreement that may make Odinga prime minister or vice president.Odinga has called for another "peaceful protest" on Thursday, saying, "let them bring their guns and we'll face them." The protest will take place in defiance of a ban and regardless of the deaths of at least 24 individuals three days of protests yesterday - most blamed on police.Kibaki's government has put costly advertisements in the newspapers hitting out at Western powers, international media as well as other human rights groups saying had contributed to the unrest. U.S. Ambassador Michael Ranneberger issued an announcement which was printed in Tuesday's newspapers, reports Arms."My first thought was the scurrilous propaganda advertisements should not be dignified using a response. Upon further reflection, however, I think the record must be indeed set straight inside the interest of making sure the people know the truth. "It is irresponsible to state, as the advertisements do, that speaking the facts provides incitement to ethnic violence."There is compelling proof of serious irregularities in the vote tallying process coming from a wide variety of non-partisan sources," Ranneberger said.Meanwhile, unrest continues with reports of clashes in the Rift Valley region and six reported deaths, among them a man and his two sons killed inside the Molo area, where ethnic clashes are already going on for weeks. Thus far, 63 people have been killed since Odinga's Orange Democratic Movement needed mass demonstrations last Wednesday to protest Kibaki's reelection. mulberry briefcases
Over the 1990s, Rupert Murdoch's News Corporation incorporated about 100 subsidiaries in havens without having or low corporate taxes and limited financial disclosure laws. Result? It paid fees at an average rate of under 10%—compared with the statutory 30% to 36% rates with the three main countries that it operated (the United States, Britain, and Australia). And by placing its U.S. acquisitions in holding companies inside the Cayman Islands, the company could deduct interest rates on offshore debt contrary to the profits generated from its home operations in great britain. daria mulberry
Just when you thought the dust had settled for awhile on the explosive Heather Mills McCartney story, everything blows up again, observes CBS News correspondent Mark Phillips."She's highly excited," says show business commentator Neil Sean, "goes in the news, and lets it all come out, rather than possibly planning to see a psychiatrist!" Mills McCartney choose to go on TV to give angry interviews, Phillips explains, hitting pretty much every morning show in the English-speaking world. She was accusing ex-Beatle and very quickly to be ex-husband Paul McCartney's camp of purposely sullying her image at the same time she stayed mum about McCartney, in the interests of their daughter, as their bitter divorce battle intensified. "I've had worse press than the usual pedophile or a murderer," she cried on one show.Mills McCartney that all against the advice of her publicity consultant -- who then quit. Mills McCartney had also antagonized her high-priced lawyers, with whom she also severed ties. And today, reports Phillips, she's hired controversial Hollywood hairdresser and publicity agent Michele Elyzabeth to take care of her public image. With the accent from the Champs Elysee using the Sunset Strip, the self-styled French aristocrat is more famous for her caviar facials than high-profile P.R., Phillips notes. But she is going to now dedicate her video blog to singing Mills McCartney's praises." Photos: Heather Mills McCartney Elyzabeth says Mills McCartney is "a wonderful individual who very, very few people know personally. A great deal of press people think that they can trash her just as much as they want to. And the primary reason that I decided to start this web site, which I will do once a week, is to take every fake article and lying article apart is because somebody's got to get it done, and it's my job." While, after Mills McCartney's TV marathon, Barbara Walters said on "The View" that they didn't think Heather would be a very nice person when she met her, Elyzabeth stuck up for Mills McCartney, saying, "Barbara Walters 'people,' in addition to 'The View,' thought we would trash Heather for the third time. ... Who will be they to have an opinion of the items Heather should say or otherwise not say?" Michele may have more work on her plate, it appears, with the upcoming publication of an unflattering book on Heather, Phillips indicates. Laying her hard-nosed attitude and checkered history as a result of her poor and rough childhood, it reportedly quotes Heather saying she hoped to discover a rich and powerful man of her own for the power it will bring her.McCartney, the guy she found, meanwhile, has gotten the high road, staying quiet and giving Heather as much rope as she needs, Phillips says."Is he betting she'll self-destruct, and is also that what she's doing?" he asked Sean, the showbiz commentator."I think," Sean replied, "she has already been self-destructing, but she's a tricky woman. She's probably have a plate of steel in her back. There's not an issue with her. She claims that she's extracting and near suicide ... however, there is a woman who occurs on breakfast TV very at the outset of the morning, glossed, hair, everything, that's not a woman falling apart. Which is a woman out for revenge."And maybe, Phillips says, once you get your cause. McCartney has recently been noticed in the company of a wealthy, married Ny woman with whom he became friendly on the Hamptons social circuit. Both the were seen walking along a protracted Island beach, and sharing a much-publicized goodbye kiss.What's Mills McCartney's overall plan now?"I think," Phillips remarks, "if you're trying to put a rational framework around heather's strategy, and that's a risky business these days, it would be the 'pain-in-the-neck' strategy. One of the central issues with this divorce battle definitely seems to be whether or not she gets to tell the tale, provide her sort of the divorce, and what was wrong using the marriage, and if there's a restriction on the she can say. This looks like it's very much a lesson in the kinds of things she might bypass saying, if she doesn't get the kind of deal sherrrd like from him. But, you also have to remember as well that there is a child involved in this, and whether it is the money or the keep-still clause, that's (their daughter) really exactly what the issue of this whole divorce definitely seems to be about." mulberry fabric
The abortion rate in the U.S. continues to decline, falling to the lowest level in more than three decades in 2005, it was reported Thursday.About 1.Two million abortions were performed within the U.S. in 2005, which has been 25% less than the all-time high of 1.6 million abortions performed in 1990.In 2005, 19 abortions were performed for each and every 1,000 women between 15 and 44, compared with 26 abortions per 1,000 women in 1991.The figures are derived from a nationwide survey of abortion providers conducted by the Guttmacher Institute, a reproductive health research group.Guttmacher Senior Research Associate Rachel Jones, PhD, tells WebMD that the reasons for the decline are not clear.It could be?because women are receiving a harder time accessing abortion services, or?because more women are using contraception and having fewer unintended pregnancies, Jones saysShe adds it is likely that both factors have played a task in the downward trend.Drop in Number of Abortion Providers SlowingIt appears through the report that a decade-long decline in the number of abortion providers within the U.S. is slowing, but this may be largely driven by a rise in clinics that only provide abortion drugs including mifepristone (also known as Mifeprex or RU-486) instead of surgical abortions.Mifepristone has been accessible in the U.S. since its approval by the FDA in 2000. It's used for the termination of early pregnancies.In all, 1,787 facilities provided abortions in 2005, down just 2% from 2000. That comes close to a 14% drop in providers between 1992 and 1996 and a further 11% drop between 1996 and 2000.However when only clinics providing surgical abortions were included in the analysis, the loss of providers between 2000 and 2005 was 8%.Other major highlights in the report include: 57% of abortion providers now offer mifepristone or other drugs to the termination of early pregnancy , in contrast to 33% in 2001.?13% of most abortions between 2000 and 2005 (161,000) involved drugs rather than surgery. Roughly 20% of?abortions performed just before 9 weeks' gestation were nonsurgical.?Overall, the number of abortion providers declined in 26 states along with the District of Columbia, increased in 15 states, and remained stable in nine.?87% of counties within the U.S. didn't have any abortion provider, meaning that 35% of girls had to travel away from county they lived straight into find such services. Women in the Northeast and West were least prone to live in a county without any provider, and women within the South and Midwest were almost certainly.?More than six in 10 abortions came about within the first 8 weeks of pregnancy, and almost three in 10 were performed at about six weeks or earlier. Teen Birth Rate In 2006Despite the continued downward trend in abortions, a little more than one in five pregnancies ended in abortion in 2005.Inside a news release,?Guttmacher Institute President and CEO Sharon L. Camp says the figure highlights the need to increase access to contraception to scale back unwanted pregnancies."Our policymakers at the state and federal levels should understand that behind virtually any abortion is an unintended pregnancy," she says.By Salynn Boyles Reviewed by Louise Chang?2008 WebMD, Inc. All rights reserved mulberry antony messenger bag
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