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| NEW YORK (MarketWatch) -- U.S. stocks were mostly higher Friday, with the major indexes poised for mixed weekly results, as Ambac Financial Group Inc. and MBIA Inc. had their credit scoring affirmed, while crude-oil futures ended lower."We're not sure how long this trade can continue, as there is some fear the commodities complex is selling off caused by a global economic slowdown," said Art Hogan, chief market strategist at Jefferies & Co. "But for the time being, we'll continue to celebrate cheaper oil along with the stronger dollar." After climbing nearly 100 points, the Dow Jones Industrial Average rose 43 suggests 11,659, readying the blue-chip index for the weekly loss of 0.9%.With the Dow's 30 components, 22 posted late-afternoon gains, recently led by Procter & Gamble Co. , up 3.1%.Chevron Corp. fronted declines on the list of blue chips, with shares with the oil giant down 2.6%.The S&P 500 climbed 4.81 suggests 1,297, a level that will have the index near flat compared with where it stood eventually Friday's close.Of the S&P's 10 industry groups, telecommunication services, medical care and financials fronted sector gains.Among the standouts in the telecom sector, Sprint Nextel Corp. rose to get a second straight day, its shares recently up 4%. .Energy separated itself as the S&P's only declining sector, off 1.8%.The Nasdaq Composite fell 1.51 points to 2,452, poising the tech-laden index to get a weekly rise of 1.3%.On the New York Mercantile Exchange, oil for September delivery closed at $113.77 per barrel, down $1.24, or 1.1%, to the session. It lost 1.2% for the week. .Metals futures were also pounded, with gold for December delivery falling $22.40 to shut at $792.10 an oz, a weekly loss of 8.4%. Silver futures for September delivery fell 9.9% to finish at $12.815 an ounce. .The dollar's rally extended to multiple-month highs, using the dollar index , which measures the greenback against a gift basket of currencies, climbing to a intraday high of 77.25, its highest level since December. Treasury prices climbed, sending yields sharply lower, with all the yield on the benchmark 10-year note falling four basis points to 3.851%. .Light volumeMore than 866 million shares traded on the New York Stock Exchange, with declining stocks pulling past those advancing 8 to 7. For the Nasdaq, 604 million shares traded, and decliners ran before advancing issues by 16 to 11. Shares of J.C. Penney Co. gained more than 7.6% in the wake of the retailer's second-quarter results, that have profits falling 36%. ."To a specific extent, we can't continue to exist 'oil goes down/stocks go up' for the rest of our lives," said Hogan. "Some from the equities valuations relate to earnings, with retailers over the past two days offering a mixed bag."Shares of Ambac Financial and MBIA gained after Standard & Poor's Ratings Services late Thursday affirmed AA financial-strength ratings for bond insurers. .Its not all financial shares gained, with Wachovia Corp. among those under pressure.Shares from the Charlotte, N.C.-based bank were off nearly 1% after state and federal regulators said Wachovia had agreement to a preliminary settlement this agreement the regional bank would offer to buy as much as $9 billion of auction-rate securities. .In other corporate news, Waste Management Inc. said it would review its options after Republic Services Inc.'s board of directors rejected its sweetened takeover offer. Republic previously announced that it would seek to acquire Allied Waste Industries Inc. . Early economic data mostly offered support for equities' early climb. The newest York Federal Reserve Bank reported that a measure of manufacturing activity inside the state improved slightly in early August, while the Federal Reserve said U.S. factory output climbed 0.4% in July. Less positive was the University of Michgan's index of consumer sentiment, which climbed slightly in August to 61.7."We expect the further stop by energy prices during the early August to further boost sentiment, though sentiment remains at weak 'recessionary' levels which are at odds with continued modest growth in the economy," said analysts at Action Economics.Chicago Federal Reserve President Charles Evans offered his handle the economy, telling viewers in Bloomington, Ill., that slow economic growth and elevated inflation is likely to continue until 2010. .Overseas, the Nikkei 225 ended 0.5% higher in Tokyo. The FTSE 100 traded 0.6% reduced in London after initial gains.On Thursday, U.S. stock indexes closed higher, snapping a two-day losing run as investors looked beyond a larger-than-expected boost in consumer prices in July to spotlight crude's recent decline.By Kate Gibson genuine uggs on sale
Strong winds that stoked a turbulent wildfire near Lake Tahoe continued to worry firefighters Wednesday, a day after having a flare-up forced thousands of residents to leave to safety."Yesterday, the problem was looking fairly optimistic. Today, the outlook desires fairly grim," reports CBS News correspondent Bill Whitaker. "This fire is turning out to be an awesome foe."Officials believed that they a handle for the eastern edge of the blaze, which already has destroyed nearly 200 homes at the south end with the scenic alpine lake. But a surprisingly big gust Tuesday afternoon was all it latched onto push firefighters off the line they had been holding for more than a day."All we'd like is one ember one ember to leap this line and we're ready to go again," said Timothy Evans from the U.S. Forest Service.This latest scare erupted every time a fire, intentionally set to clear out underbrush and dry fuel, got whipped by afternoon winds into a dangerous inferno so fast it trapped two firefighters, reports Whitaker.Everything was going fine prior to the winds picked up, and sent the back-burn within the opposite direction, toward a 300-home subdivision, reports CBS News correspondent Stephan Kaufman (audio) . About 2,000 residents were required to flee."It really is tough to predict what these winds are performing," said Kelly Martin, a hearth behavior analyst who addressed a huge selection of firefighters from across the state at a pre-dawn briefing Wednesday.As she spoke on the Heavenly Ski Resort car park, dense smoke started to filter in from the fire burning only to the west.Winds were likely to gust slightly higher Wednesday than Tuesday, reaching boosts to 35 mph, with the most dangerous window being from about 1 p.m. to 6 p.m., National Weather Service forecaster Jim Wallmann said. Humidity was supposed to hold steady. Tuesday's flare-up happened in a area where firefighters had set a hearth the night before in their efforts to keep the primary blaze from reaching more houses and Lake Tahoe itself. The gust blew embers through the burn area over the fireline and started new spot fires, said Rich Hawkins, a Forest Service fire commander.The blaze descended so quickly that two firefighters were expected to deploy the emergency shelters they carry to guard themselves as a last resort.Without the shelters, the men would have died, Hawkins said. The lads, missing for nearly one hour, managed to walk away uninjured.About 2,000 people evacuated from affected regions Tuesday, according to South Lake Tahoe Police Lt. Martin Hale.John Rheault, 53, had willing to leave his home along Highway 89 within the last couple days and simply needed to load up other items into a trailer when authorities announced the newest evacuation orders."It's heartbreaking, but we'll have to play it by ear. You'll find people in a lot worse shape than us," he stated.Officials had announced an evacuation order for that Tahoe Keys, but later said the announcement scaled like erroneous information high was no such order.Earlier within the day, authorities said danger to homes had diminished as dying winds gave firefighters a badly needed leg up on the inferno, which started Sunday. But by Tuesday afternoon, the blaze had consumed over 3,000 acres and was only 44 percent contained, they said. Two minor injuries have been reported. no previous page next 1/2 ugg australia.com
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The Senate's review process for federal judicial nominees, says President Bush, is becoming so partisan and mean-spirited that qualified candidates decline as they do not want to go through a confirmation hearing.The hearings too often turn into "search and destroy" missions that ruin your reputation, said Mr. Bush in the speech to hundreds attending the 25th anniversary gala from the Federalist Society for Law and Public Policy Studies, in Washington, D.C.Obama chose what he hoped will be a friendly audience for his swipe at Democrats on Capitol Hill. The Federalist Society, founded in the early years of the Reagan administration, can be a conservative and libertarian group aimed at countering what it sees because dominance of liberal ideology in law schools and elsewhere.Dedicated to "reordering priorities within the courts to place a premium on individual liberty, traditional values, and also the rule of law," the Society counts some 20,000 lawyers, legal scholars as well as other legal professionals among its members.Speaking with the group Thursday night, obama asked his audience to consider back to a confirmation hearing that made news greater than two years ago."When the wife of your distinguished jurist proudly attends his hearing and is also brought to tears by ugly and unfounded insinuations that her husband is secretly is really a bigot, we lose something," said President Bush.Mr. Bush was talking about the Jan. 2005 confirmation hearing of Supreme court Justice Samuel Alito, which left his wife, Martha-Ann Bomgardner, in tears after withering questions from Judiciary Committee Democrats.During that hearing, GOP Sen. Lindsey Graham, as to what was meant on his part to become a sympathetic question along with a chance for Alito to defend his integrity, asked the then-nominee whether he was a "closet bigot."The question then received a quick answer from Alito, whose wife did start to cry as he shot back: "I'm no kind of bigot." There have been no public questions for Alito Thursday night, who had previously been on hand listening using the other dinner guests, as Mr. Bush complained how the Senate has failed to act on a lot of the nominees who have agreed to serve. He said senators are imposing a whole new standard in which nominees who may have support of the most of the Senate can be blocked by a minority of obstructionists."As an end result, some judgeships go unfulfilled for a long time," said President Bush. "This brings about what is called judicial emergencies - vacancies that induce justice to be degraded or delayed. When Americans check out court, they deserve swift and fair answers, and also the United States Senate should not stand it their way."The Senate Judiciary Committee, led by Democrats, argues how the number of nominees pending is low. At the conclusion of the Clinton administration, there are 26 circuit court vacancies as the Republicans did not confirm them hoping that a Republican would dominate the Oval Office.Judiciary Committee Chairman Patrick Leahy, a Democrat, said you can find 47 vacancies for both the district and circuit courts. President Bush hasn't nominated anyone for 26 of such 47 spots, in accordance with the committee.The White House asserted historically, the Senate has confirmed around 17 circuit court judges inside the final two years of the past three administrations. Thus far, only five circuit court judges have been confirmed."The Senate has stopped being asking the right question, whether a nominee is someone that will uphold our Constitution and laws," said obama. "Instead, nominees are asked to guarantee specific connection between cases that might come before the court. If they refuse - as they should - they frequently find their nomination leads to limbo instead of on the Senate floor."President Bush's comments come amid mounting White House frustration over the president's stalled nominations to the federal courts. It's also part of a clear pattern by Mr. Bush to sentence Congress for not getting its work done, something the White House believes accounts for the upper hand.Sen. Arlen Specter of Pennsylvania, the Judiciary Committee's ranking Republican, said President Bush's rhetoric was strong considering there 's still hope for getting some nominees confirmed through the final year of Bush's presidency."A war of words just isn't productive," Specter said in a telephone interview.When he said he understands President Bush's frustration, the White House must shoulder many of the blame, Specter said, noting that the president ignored five recommendations to fill a vacancy about the 4th U.S. Circuit Court of Appeals published to him by Virginia Sens. Jim Webb, a Democrat, and John Warner, a Republican."It's pretty fundamental that you listen to Republican senators," Specter said. mulberry charlie bag
Authorities began a house-to-house search Friday to evaluate residents after a tornado struck a "direct hit" on this mountain community, killing at the very least three people, injuring at the very least 30 others and flattening homes and businesses.The twister descended quickly on Mena right after 8 p.m. Thursday after a series of siren blasts warned residents of tornadoes in the area.Daylight exposed a residential area ripped apart. Century-old pecan trees leaned into homes - some with pink insulation strung from their limbs. Along some streets, roofs had collapsed into homes. On other streets, roofs were simply gone."It just appears like a war zone," Mayor George McKee said.Thurman Allen, 79, said his charitable group, your order of the Eastern Star, had just sat down because of its twice-monthly meeting at the Masonic lodge when the last siren sounded. Prior to the 19 attendees could take cover, the tornado peeled away the top with winds so strong that some women had their shoes cheated their feet."I was down on the floor - I simply flattened," Allen said.One woman was killed by falling debris - her body recovered after emergency workers cut section of the roof away.Elsewhere within the Ouachita Mountains town, Marion Boyt, 76, said he survived after rushing in to a small closet regarding his son and daughter-in-law."I guess we got skinny because i was so scared," he said.Boyt said one of those killed died once the roof of a two-story home collapsed.One's body of the third person killed is discovered in her front yard, county's emergency coordinator James Reeves said. Authorities never have released the names of people killed pending notification of these families.National Guard troops patrolled the downtown of this city of 5,700 residents. An overnight curfew was put in effect as emergency crews dealt with ruptured gas lines, downed utility lines, fallen trees and heavily damaged buildings.Meanwhile, emergency workers were going door-to-door to evaluate residents, although there weren't any specific reports of people missing. They said they will likely need help avoiding fallen trees.Prosecutor Tim Williamson said dispatchers with the county courthouse had been trapped inside soon after the storm, and that the county jail was "uninhabitable." Inmates were transfered to nearby counties, said any office of County Judge Ray Stanley.The twister tore the cover off a local vocational school building and destroyed two businesses in the city's industrial park, Williamson said.Mena Junior high school also sustained significant roof damage, principal Mike Hobson said. One portable classroom was destroyed knowning that part of the auditorium's roof was ripped away, and administrators must discuss when classes can resume, Hobson said.Rick Lanman, who manages the Mena Airport, said darkness fell quickly since the tornado crossed the Oklahoma border 10 miles away."Me and also the dog ran on the bathroom when we saw it on the TV," Lanman said. "It was throughout less than a minute."Mena sirens sounded for earlier storms north and south of town. After they sounded a fourth time, "experience was telling me that we were struggling," said Lanman, who said he experienced tornadoes before in Oklahoma and Illinois.The violent weather was portion of a system that caused damage through the entire South and parts of the Midwest. The nation's Weather Service said a lady was injured at Shreveport, La., when a tree fell onto her car after a tornado. Twisters also damaged homes east of Vinita and near Muse in Oklahoma and also at Crossett in far southern Arkansas, near the Louisiana line.Because storms moved east, hail and winds were reported in Alabama, Kentucky, Mississippi and Tennessee. Power was in many parts of the spot.The injured were taken to Mena Medical Center for treatment.Reeves, the emergency coordinator, said he'd never seen such a powerful storm hit the tornado-prone region."Not inside my lifetime," he said. "The last tornado we'd to hit the city of Mena what food was in November 1993. On this occasion we had significant structures (hit)." The violent weather also helped fuel wildfires in Texas and Oklahoma, where firefighters continued battling blazes Friday that raced across a huge number of parched acres yesterday, destroying homes and forcing the temporary evacuations of some small towns, schools as well as a nursing home. At least two different people were reported dead. Its northern border Texas towns of Sunset and Stoneburg in Montague County were devastated by Thursday's fires. Several dozen homes were destroyed, just a heap of debris and ashes remaining. Television news footage showed burning houses and oil tanks and skeletons of buildings. mens mulberry bags
NEW YORK (MarketWatch) -- U.S. stocks turned mixed on Tuesday, partly reversing morning weakness, as a drop in crude oil prices minimizing bond yields helped lifting investor sentiment, offsetting concerns about earnings after electronics retailer Greatest coupe missed estimates and lowered its guidance.The Dow Jones Industrial Average was up 24 points at 13,635, as 19 of their 30 components advanced, led by companies IBM , Verizon Corp. , and Whirlpool Co. , whose shares topped a 52-week high. Also among blue chips, home-improvement retailer Home Depot Inc. rose 0.5% after it decided to sell its building supply unit for $10 billion.Yet retailers remained under time limits as Best Buy Co. Inc. fell 5.3%. The business posted an 18% loss of quarterly profit, as the popularity of lower-margin notebook computers and gaming hardware ate into profits, and pruned its forecast for the year. "The stock market is encountered with disappointments on the earnings front and/or weaker consumer spending," said Bob Doll, global chief investment officer at BlackRock. "As such, we predict the consolidation in the major stock indexes seen in the past several weeks to persist."The S&P 500 gained 1.8 points to 1,532, while the Nasdaq Composite lost 0.2 points to 2,626.Among tech shares, Yahoo Inc. dropped 1.4% as soon as the Internet search giant and Google Inc. rival named co-founder Jerry Yang as leader, replacing Terry Semel.Trading volumes showed 664 million shares exchanging hands on the New York Currency markets and 911 million trading on the Nasdaq stock market. Gaining issues topped decliners by 16 to fifteen on the NYSE and by 14 to 13 for the Nasdaq.By sector, internet shares led the gains, along with airlines , while semiconductors , oil and broker/dealers all fell.Homes and ratesStarts of new U.S. homes fell by 2.1% with a seasonally adjusted annual pace of merely one.47 million in May, as building permits for brand new construction rose 3% one.50 million on the jump in multifamily dwellings, the Commerce Department estimated Tuesday. The figures were slightly stronger than economists expected. "The indisputable fact that building permits are up can be a sign that there could be some consolidation in housing," said Peter Cardillo, chief market economist at Avalon Partners. "But yesterday, the <National>Association of Home Builders'] housing index was a student in its lowest in 16 years."The bond market, where prices have fallen under pressure and yields have spiked over the past couple of weeks, failed to react much towards the latest housing news. The benchmark 10-year Treasury bond was recently up 5/32 to 95 7/32, yielding 5.12%. Higher bond yields had pressured the stock market over the past couple of weeks, as they provide a risk-free alternative to stocks, while also raising borrowing costs for consumers and businesses."Higher yields have been discounted by the market industry," said Avalon's Cardillo. "Some in the economic data that we are continuing to see is here better than expected, as well as the market is now seeking a consolidation level."But "one major negative this market could endure is when we see oil heading towards $72 <a>barrel]."But in recent action, crude oil was down 13 cents at $68.96. It earlier reached $69.13 amid concerns about production from Nigeria and refining capacity in the U.S. Other marketsIn other markets, the dollar was lower up against the euro and the yen. Gold fell, losing $1.5 to $655.60 an ounce, tracking crude oil lower. Stock moversBristol-Myers Squibb Co. gained 5% as soon as the Food and Drug Administration granted priority review due to the ixabepilone breast cancer drug.By Nick Godt second hand mulberry bags
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