Thursday, April 18, 2013

1:19 PM 4/18/2013

1:19 PM 4/18/2013



Man Charged with Threatening President
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The Mississippi man accused of mailing letters with suspected ricin has been charged with threatening President Barack Obama. The U.S. Department of Justice says 45-year-old Paul Kevin Curtis is facing two federal charges accusing him of threatening the president and others. If convicted he could face up to 15 years in prison. Meanwhile, the Associated Press reports a U.S. Senate official says a private lab has confirmed the presence of ricin in a letter Curtis allegedly sent to Mississippi ...
Russian Police Raid Skolkovo Foundation HQ
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Russian police on Thursday raided the headquarters of the Skolkovo Foundation – an agency headed by billionaire Viktor Vekselberg that is charged with building a science and innovation hub championed by Prime Minister Dmitry Medvedev – as part of a continuing investigation into the alleged embezzlement of 24 million rubles ($758,000) of government money.
Boston, Obama Honor Bombing Victims
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President Barack Obama was in attendance Thursday at an interfaith service in Boston in memory of the three people who were killed in Monday's Boston Marathon bombings and in support of the more than 100 injured.

U.S. Stocks Extend Losses
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Stocks continued their slide, led lower by the consumer-discretionary and technology sectors, after a raft of uninspiring earnings reports provided investors with little reason to buy.
Bond Unit Weighs on Morgan Stanley
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Morgan Stanley saw its core results weaken from last year, but exceed Wall Street expectations. Revenue from bond trading slid.
Regional Banks Benefit From Fall in Bad Loans
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BB&T and Fifth Third Bancorp reported lower first-quarter earnings while a third regional bank, KeyCorp, saw profit and revenue rise. Improved credit quality helped buoy the banks' results.
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Technicians Frustrated: Stocks Surge Despite ‘Sell’ Signals
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Technical analysts face a conundrum. A laundry list of widely followed chart signals are screaming "sell." But lately, whenever stocks pull back, investors are waiting, telling their brokers "buy."
    








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Russia won't sell state assets on the cheap: PM
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MOSCOW (Reuters) - The Russian government will not sell state assets on the cheap, but only when deals look profitable enough, Prime Minister Dmitry Medvedev told the Lower House of Parliament on Wednesday.
  
Venezuela opposition fears crackdown, U.S. wavers on Maduro
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CARACAS (Reuters) - Venezuela's opposition leaders feared persecution over post-election protests while the U.S. government backed their calls for a recount and said on Wednesday it was still deciding if it would recognize President-elect Nicolas Maduro. 

  
EBay forecast disappoints, shares slip
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SAN FRANCISCO (Reuters) - EBay Inc on Wednesday gave a disappointing earnings forecast for the second quarter, and its shares slipped in after-hours trade. 
  
FBI says letter sent to Obama tested positive for poison ricin
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WASHINGTON (Reuters) - Authorities are investigating a letter addressed to President Barack Obama after the contents preliminarily tested positive for the deadly poison ricin, the second report of such a letter in two days. 
  
Obama: "shameful" politics to blame for defeat of gun measure
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WASHINGTON (Reuters) - Joined by relatives of the victims of gun violence, President Barack Obama on Wednesday angrily blamed politics for the failure of gun control legislation and urged voters to send a message at the ballot box that they want stronger gun laws.
  
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Obama in Boston vows U.S. will find perpetrators of bombings
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BOSTON (Reuters) - President Barack Obama told a memorial service for the Boston bombing victims that "we will find" whoever carried out the attack that killed three people as investigators search for two men seen on a video of the scene shortly before the blasts. 

  
FBI arrests Mississippi man in ricin letter case
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WASHINGTON (Reuters) - The FBI arrested a Mississippi man on Wednesday in connection with letters sent to President Barack Obama and two other officials that are believed to have contained the deadly poison ricin, the U.S. Justice Department said.

  
Russian PM Medvedev defends record after Putin warning
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MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev defended his government's record in a combative speech to parliament on Wednesday after President Vladimir Putin signaled he may be losing patience with his long-time ally.
  
Russia says U.S. must do more to address missile shield concerns
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MOSCOW (Reuters) - Russian officials said on Thursday the United States had not done enough to address their concerns about an anti-missile shield it is deploying in Europe, indicating U.S. moves to scale down its plans will bring no quick breakthrough.
  
Wall Street dips after disappointing data
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NEW YORK (Reuters) - Stocks dipped on Thursday after a batch of weaker-than-expected economic data triggered more concerns about the global economy and put the S&P 500 on key a technical support level.

  
Indisputable Torture
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A new nonpartisan study confronts the legacy of brutality against detainees by the Bush administration.
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An Immigration Blueprint
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A Senate agreement offers, finally, something to build on and improve.
The Senate Fails Americans
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Bowing to the gun lobby rather than the public, lawmakers kill crucial gun control legislation a mere 18 weeks after the massacre in Newtown, Conn.
Putin foe Navalny defiant as trial opens in Russia - Reuters
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Putin foe Navalny defiant as trial opens in Russia
Reuters
By Gabriela Baczynska. KIROV, Russia | Wed Apr 17, 2013 2:26am EDT. KIROV, Russia (Reuters) - Protest leader Alexei Navalny accused the Russian authorities of laying trumped-up charges against him at the start of trial on Wednesday which he says is
...
Russian opposition leader Alexei Navalny goes on trialBBC News 
Anti-Kremlin Activist Faces TrialWall Street Journal
Russian protester faces trial after defying Putineuronews
WGME-The Advocate
all 63 news articles »

RT
Venezuelans are polarized in post-election crisis - Washington Post
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ABC News

Venezuelans are polarized in post-election crisis
Washington Post
CARACAS, Venezuela — People have spit on each other in the meat section, and one woman had to be stopped from throwing a soft drink at another in the checkout line. Grocery store owner Jose Duarte finally had enough when a customer berated a ...
Venezuela Court Rejects Appeal for Vote RecountWall Street Journal
UPDATE 2-US holds back recognition for Venezuela's MaduroReuters
Kerry Encourages Venezuela RecountNew York Times
Bloomberg -ABC News -Christian Science Monitor
all 137 news articles »
Russian Anti-Putin Protest Leader Navalny Faces New Fraud Probe - Bloomberg
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Russian Anti-Putin Protest Leader Navalny Faces New Fraud Probe
Bloomberg
Russia opened a fourth criminal case against Alexey Navalny, an anti-corruption blogger who helped lead the biggest protests of President Vladimir Putin's 13-year rule. Navalny and his brother are suspected of organizing a 3.8 million-ruble ($120,000) fraud ...
Not so KGB cool: Putin blows top at his cabinet in new videoChristian Science Monitor

Putin's critic put on trialThe Hindu
Russian Opposition Leader Faces New ProbeVoice of America 
The News International -CNBC.com-Financial Times
all 47 
news articles »

Bloomberg
Russian blogger faces fresh charges - Financial Times
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AFP

Russian blogger faces fresh charges
Financial Times
Only a day after facing trial on embezzlement charges, Alexei Navalny, a fierce critic of Vladimir Putin, was hit with another criminal investigation into alleged theft, as Russia's law enforcement agencies appeared to ratchet up pressure on political opponents.
Russian Anti-Putin Protest Leader Navalny Faces New Fraud ProbeBloomberg 
Alexei Navalny's conviction looks likely, but its effects are uncertainThe Economist

Putin's critic put on trialThe Hindu
Voice of America - The News International- Heritage.org (blog)
all 18 
news articles »
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Pressure cookers help make good bombs _ and clues - Boston.com
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MiamiHerald.com

Pressure cookers help make good bombs _ and clues
Boston.com
WASHINGTON (AP) — In kitchens, they prepare food faster, but pressure cookers by their very nature help make good bombs, amplifying the blast and the carnage. They don't just hold the explosives. The tightly sealed pot that speeds the cooking of beans ...
Boston attack underscores growing threat of IEDs in AmericaFox News
Experts have long warned about IEDs in USPolitico
Pressure-cooker bomb instructions in al-Qaeda magazine - USA TodayUSA TODAY
Bloomberg -U.S. News & World Report -Newser
all 63 news articles »
GAY marriage is legal in New Zealand. - The Australian
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New Zealand Herald

GAY marriage is legal in New Zealand.
The Australian
The 77-44 vote in parliament tonight was greeted with cheers and applause from packed public galleries and kicked off celebrations around the country. New Zealand is the 13th country to legalise gay marriage and the first in the Asia Pacific. The other 12 ...
New Zealand to vote on legalising gay marriageBBC News
New Zealand lawmakers approve gay-marriage bill; country joins 12 other nationsBoston.com
New Zealand passes same-sex marriage billRT
Deutsche Welle -Channel News Asia
all 224 news articles »
Google mail and application services 'disrupted,' cause and extent unknown - Fox News
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Washington Post

Google mail and application services 'disrupted,' cause and extent unknown
Fox News
NEW YORK – Google's mail and application services are unavailable to some users. Google's apps status dashboard shows that its Mail, Drive file storage service and office-application services are "disrupted." Its administrator control panel, which lets ...
Service disruptions knock out Google Mail, other appsAFP
Google Mail disruptedTelegraph.co.uk
Gmail goes down for small number of users, usual panic followsArs Technica
Android Community -Hot Hardware
all 51 news articles »
FBI wants to speak with people seen in video at Boston finish line, Napolitano says - Fox News
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Philly.com

FBI wants to speak with people seen in video at Boston finish line, Napolitano says
Fox News
Federal investigators want to speak with multiple persons seen in at least one video from the Boston Marathon, according to Department of Homeland Security Secretary Janet Napolitano, backing up what FBI sources had told Fox News earlier. Napolitano ...
Boston Mourns Victims; Break Is Seen in InquiryNew York Times
Napolitano: 'We need the public's help' in locating 2 Marathon menBoston Herald
Napolitano: Men of interest seen in bomb videoBoston.com
USA TODAY
all 89 news articles »
Morgan Stanley swings to profit, misses targets - USA Today - USA TODAY
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Morgan Stanley swings to profit, misses targets - USA Today
USA TODAY
Morgan Stanley, owner of the world's largest stock-brokerage firm, said it swung back to a profit in the first quarter of the year, but shares dropped 4% as profits fell well short of analyst estimates. Morgan said revenue rose 18% to $8.2 billion, and its profit ...
Morgan Stanley Beats Expectations But Bond Unit Weighs on EarningsWall Street Journal
Trading Crashes at Morgan Stanley
- CNBC.comCNBC.com
Morgan Stanley Shares Fall as Trading Revenue DeclinesBloomberg
Reuters-TheStreet.com-NASDAQ
all 54 
news articles »

New York Times
Ahead of the Bell: US Unemployment Benefits - Businessweek
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Ahead of the Bell: US Unemployment Benefits
Businessweek
WASHINGTON (AP) — Weekly U.S. unemployment benefit applications likely were little changed last week after falling to a level consistent with modest hiring two weeks ago. Economists forecast that applications ticked up 1,000 to a seasonally adjusted ...
US unemployment aid applications riseKERO-TV 23

Weekly US unemployment aid applications rise to 352K, a level consistent with ...Washington Post
US unemployment aid applications rise to 352K MSN Money

all 7
 
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MiamiHerald.com
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Freddie Mac: Mortgage rates ease again; 30-year fixed at 3.41% - Los Angeles Times
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UPI.com

Freddie Mac: Mortgage rates ease again; 30-year fixed at 3.41%
Los Angeles Times
Mortgage rates sank this week toward record lows, with lenders offering 30-year fixed home loans to solid borrowers at an average 3.41%, down from 3.43% a week ago, Freddie Mac's weekly report showed. It was the lowest rate the survey has recorded in ...
Freddie Mac: US Mortgage Rates Fell Over Past WeekWall Street Journal
Mortgage Rates in the U.S. Drop for a Third Straight WeekBloomberg 
US rate on 30-year mortgage falls to 3.41 pct.U-T San Diego

Chicago Tribune- MarketWatch-Motley Fool
all 24 
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Mass. jobless rate falls to 6.4 percent in March - Houston Chronicle
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Mass. jobless rate falls to 6.4 percent in March
Houston Chronicle
BOSTON (AP) — The unemployment rate in Massachusetts dropped to 6.4 percent in March even as the state lost 5,500 jobs during the month. The Executive Office of Labor and Workforce Development said Thursday the 6.4 percent is a slight drop from the ...
Massachusetts loses 5550 jobsMilford Daily News
Mass. jobless rate falls to 6.4%, but 5500 jobs lost in MarchBoston Globe 
Mass. Lost Jobs In March, But Unemployment Rate Drops To 6.4 PercentBanker & Tradesman
Boston Herald-Worcester Business Journal-Taunton Daily Gazette
all 8 news articles »
Gun Control: A Congress of Cowards
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The United States Senate displayed a mass failure of leadership yesterday when it killed, without even allowing an up-and-down vote, the measure that would have required background checks for sales of guns at gun shows and on the Internet and in other commercial transactions. The action was not really about
Former Israeli Intelligence Operatives Now Working For Hedge Funds
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A company staffed with former operatives of Israel’s top intelligence agencies and founded with the help of the former head of the Mossad is being used by hedge funds looking for an edge in the financial markets.
Want To Be A More Productive Employee? Get on Social Networks.
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Do you Tweet, Pin, or use Facebook and LinkedIn at work? Don’t feel guilty about it – be proud! You’re becoming a more productive employee.
Russia slowdown challenges liberal wisdom
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Conservative statists blame the ultra-liberal economic policies that have been the hallmark of Vladimir Putin’s rule for Russia’s slowing growth
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Facebook has been heavily criticised for its decision to form a Silicon Valley l...
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Facebook has been heavily criticised for its decision to form a Silicon Valley lobby group. But lobbying is part of business in many industries. Should companies get involved in politics? If they do, how do they avoid the pitfalls?http://on.ft.com/13j2Hgs
Image by Getty

US shale revolution backs bull case
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Commodity chiefs are confident the US economy is recovering, helped by the competitive advantage of cheap energy
Apple investors’ nerves have been rattled as worries about weak earnings were co...
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Apple investors’ nerves have been rattled as worries about weak earnings were compounded by poor results from a supplier. More criticism in the Chinese media has also taken its toll. Read more: http://on.ft.com/ZrcqkE
Image by Getty

Banking stocks weigh on Wall Street
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Bank of America reports worse than expected earnings, sending stocks in the largest US financial institutions lower
US-EU talks: Cuts both ways
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Washington and Brussels hope to forge the world’s largest free-trade agreement but agriculture is contentious. By James Politi and Joshua Chaffin
US court forbids foreign abuse claims
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The ruling will come as a relief to Shell, the Anglo-Dutch oil company, as well as to other companies accused of wrongdoing overseas
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US Senate rejects gun background checks
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The Senate fell short of the 60 votes needed to pass the proposal that required background checks on people who buy firearms online and at gun shows
Ebay shares fall on revenue near miss
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The company posted revenues of $3.75bn, just shy of the $3.76bn analysts had predicted, while issuing second-quarter guidance below expectations
Internet copyright rulings quashed
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Britons can browse the internet without fear of litigation, after the Supreme Court quashed a previous ruling that exposed millions to claims of copyright infringement
US becomes Japan’s top export market
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Data show demand for Japanese goods in China fell almost across the board, while in US Japan saw stronger demand for its cars and electrical machinery
Nokia shares slide as revenues disappoint
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Investors take fright after first-quarter results fall below consensus estimates despite a further modest pick-up for its flagship Lumia smartphones
Morgan Stanley hit by slow trading
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A slowdown in trading activity in the first quarter prompts group to report lower revenues, but cost controls help it record higher profits
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Falling Apple adds volatility to Vix
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It speaks to the markets’ tension when even the volatility is so very volatile, and a contributor to uncertainty is the technology company’s share price
US house price rises accelerate
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Homebuyers are rushing to snap up cheap properties in Arizona, one of the states hit hardest by fall in house prices, sparking fears of a new bubble
Obama to address Boston memorial service
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Investigators remained silent on progress but the homeland security secretary says FBI is searching for people captured on video before the attack

Markets: Updated April 18, 2013, 10:49 a.m. ET: U.S. Stocks Edge Back - WSJ

Updated April 18, 2013, 10:49 a.m. ET


U.S. Stocks Edge Back

Stocks lost ground after a raft of uninspiring earnings reports dragged down financial, consumer and health-care shares.  48 min ago


  • U.S. Stock Futures Hold Gains

    U.S. stock futures held gains after a reading on jobless claims came in weaker than expected, with markets poised for a stable open after as string of volatile trading sessions.


    NEW YORK—U.S. stock futures held gains after a reading on jobless claims came in weaker than expected, with markets poised for a stable open after as string of volatile trading sessions.
    Dow Jones Industrial Average futures rose 38 points, or 0.3%, to 14590 less than 60 minutes before the opening bell. On Wednesday, the Dow dropped 138 points, or 0.9%, marking the third-straight session of triple-digit moves.
    Standard & Poor's 500-stock index futures added five points, or 0.3%, to 1551 and Nasdaq-100 Index futures advanced 11 points, or 0.4%, to 2786. Changes in stock futures don't always accurately predict stock moves after the opening bell.
    "We still have some work to do," said Peter Kenny, managing director at Knight Capital KCG -1.88% Markets. "It's completely reasonable to expected the market to move sideways for the time being, close to close, but with some volatility in between."
    The S&P 500 has fallen 2.6% since closing at an all-time high a week ago.