Tuesday, April 23, 2013

4.23.13 - Markets and Business News Review


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8:37 AM 4/23/2013

Will the Samsung Galaxy S4 Live Up to the Hype?
Finance: AAPL News
Apple Investors Prepare For an Earnings Mood Swing
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[at Wall St. Cheat Sheet] - All told, the bears seem to have the run of the place...

Europe stocks shrug off poor data
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Markets retreat as a reading on China’s manufacturing sector suggesting growth has slowed adds to concerns about economic outlook

Confirmed: $200 Windows 8 Tablets Are Coming
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Will it be enough to revitalize PC sales?
    




Oil price falls toward $88 a barrel after Chinese manufacturing growth ... - Fox News
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AFP

Oil price falls toward $88 a barrel after Chinese manufacturing growth ...
Fox News
BANGKOK – The price of oil fell Tuesday after a slowdown in China's manufacturing added to the outlook for subdued demand. Benchmark oil for June delivery was down 60 cents to $88.59 per barrel at midday Bangkok time in electronic trading on the New ...
WTI Crude Trades Near One-Week High; U.S. Stockpiles Seen RisingBloomberg
Crude Rises to a One-Week High on Japanese StimulusBusinessweek
Brent Crude Back Above $100/Barrel, Rebounding From SelloffWall Street Journal
MarketWatch -CNBC.com -AFP
all 50 news articles »

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New Verizon Security Report Finds A Growing Number Of Attacks By China's Hacker Army
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Verizon's annual Data Breach Investigations Report, which will be released on Tuesday, found the number of attacks by state-affiliated actors had nearly tripled from last year and that 96 percent were attributed to China.

US oil imports from top five suppliers rise
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Canada, Saudi Arabia, Mexico, Venezuela, and Iraq accounts for almost 72% of total US net crude imports, US Energy Information Administration says

Futures Movers: Oil slips on China data, ahead of supply figures
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Benchmark U.S. crude-oil futures fall in electronic trade Tuesday, with weaker-than-expected factory activity in China highlighting worries about softening energy demand.

Obama Budget Spreads the Tax Pain
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President Barack Obama's budget proposal would lead to significant tax increases on upper-income Americans and also to moderate increases on some lower-income Americans, according to an analysis by a Washington think tank.
   


Metals Stocks: Gold eases from one-week highs, copper drops
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Gold futures rise to one-week highs in electronic trade Tuesday, reaching for a fourth straight win in the wake of a massive selloff.
   


Apple Earnings Forecast: Will The Stock Fall Further?
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It seems as if every quarterly financial release is the most important ever for Apple (AAPL) but this quarter is certainly unique. Apple's stock has declined 22% in the past three months and has dropped nearly fifty percent since its peak of $705. Apple is one of the worst performing stocks in 2013 and optimism for the company has seemingly vanished. Apple's highly anticipated second quarter fiscal 2013 earnings will be released Tuesday and I have lost count of how many times people have asked me what to do with the stock before earnings. Is it time to capitulate and sell before the stock declines further? Is it time to start buying shares now that we are trading at such historical lows? Read on to find out.
To predict Apple's financial performance I focus on the last twelve months of reported performance, new products, reported trends, and

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VIDEO: Apple results may reveal profits fall
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Apple will report its latest set of results on Tuesday, and analysts say it will reveal first fall in profits in a decade.

It’s the Economy: Who Says New York Is Not Affordable?
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You’ll spend less here on everything — but only if you’re rich enough to pay the rent.
The typical American’s shopping habits don’t really apply to the typical New Yorker. 

Stocks: Earnings could bolster
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Read full story for latest details.

GLOBAL MARKETS-Weak German and China data hits euro, Bunds gain - Reuters
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GLOBAL MARKETS-Weak German and China data hits euro, Bunds gain
Reuters
Tue Apr 23, 2013 5:48am EDT. * Euro dips below $1.30 after weak German PMI data. * German Bund futures hit 10-month high. * Commodities slip as China data adds to demand concerns. * Yen broadly firmer on safe-haven demand. By Richard Hubbard ...
German downturn bodes ill for eurozoneCNNMoney
Stock futures slip; China, Germany growth fearsMarketWatch

Germany's private sector shrinks as eurozone decline continues - liveThe Guardian
Wall Street Journal- Financial Times-Telegraph.co.uk
all 83 
news articles »



Telegraph.co.uk

VIDEO: Small businesses 'starving for cash'
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Lloyd Blankfein, the boss of Goldman Sachs, says banks are "afraid" of investing in small businesses because of the prospect of taking losses.

Today's Economist: Bruce Bartlett: Gold’s Declining Price Is a Reversion to the Mean
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The sharp slide in the price of gold has led to much hand-wringing but should cause little surprise.
    

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Netflix Behind the Numbers: Looking Up, But How Much? - Forbes
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ValueWalk

Netflix Behind the Numbers: Looking Up, But How Much?
Forbes
Netflix has found its way back from near oblivion. But the happy ending still needs a bit of work. On the one hand, it's impossible not to be impressed by Netflix Netflix's quarterly results: 3 million new streaming customers and $1 billion in quarterly revenues for ...
Netflix Releases First-Quarter 2013 Financial ResultsBusinessweek
Netflix beats analyst projections, stock skyrocketsSilicon Valley Business Journal
Netflix Inc. (NFLX) Is Rising Ahead Of Earnings Release - NASDAQ.comNASDAQ
Proactive Investors USA & Canada -ValueWalk -The Utah People's Post
all 48 news articles »

Stocks to Watch: Stocks to Watch: Apple to dominate earnings news
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Apple is scheduled to report fiscal second quarter earnings on Tuesday.

Euro drops below $1.30 after PMI data disappoints
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MADRID (MarketWatch) -- The euro fell below the key $1.30 level against the dollar on Tuesday, a level it hasn't seen since early April, after private-sector activity across the 17-nation euro zone continued to shrink at a similar pace from the prior month. In addition, Germany also slipped into contraction, according to the preliminary Markit composite purchasing managers' index. The euro last traded at $1.2979, a drop of 0.6%. The dollar index , which charts the greenback against a basket of six currencies, rose 0.4% to 82.985. The euro had been trading around $1.3039 in Asian trading hours. Read also, Europe is slipping into a full-fledged depression.

What a sell-side Apple analyst thinks the buy side is thinking
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The expectations of institutions that sell and those that buy are two different things.

Media Digest (4/23/2013) Reuters, WSJ, Financial Times
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Facebook-F-logoThe European Commission indicates that it will lower pressure on spending cuts among several nations as Spain and France miss budget targets. (Reuters)
The flash HSBC Purchasing Managers’ Index for April drops to 50.5 from 51.6 in March. The export order measure drops to 48.6, with 50 as the demarcation for improvement. (Reuters)
The Boeing Co. (NYSE: BA) 787 Dreamliner will be back in service for some airlines as early as next week. (Reuters)
The ITC says that Apple Inc. (NASDAQ: AAPL) did not violate a Google Inc. (NASDAQ: GOOG) patent when it built the iPhone. (Reuters)
A Texas Transportation Institute study shows that voice-to-text products are just as distracting to drivers as texting. (Reuters)
Sprint Nextel Corp. (NYSE: S) appoints a committee of board members to evaluate an offer from Dish Network Corp. (NASDAQ: DISH). (Reuters)
Shares of Netflix Inc. (NASDAQ: NFLX) rise 24% after it announces better-than-expected earnings. (WSJ)
The Senate passes a bill that would end tax-free online shopping. (WSJ)
CBS Corp. (NYSE: CBS) buys a share of Syncbak, which helps local TV stations stream content on the Internet. (WSJ)
Twitter sets a deal with Publicis’s Starcom MediaVest to allow the agency’s clients preferred access to the social network’s advertising inventory. (FT)
Boeing says it may not find the origin of problems that caused fires in its lithium-ion batteries. (FT)

Filed under: 24/7 Wall St. WirePress Digest Tagged: AAPLBACBSDISHGOOGNFLXS

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Earnings Aid U.S. Futures
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U.S. stock futures traded higher ahead of the release of news about the housing market as better-than-expected earnings and hopes for more stimulus in Europe put the market on an early track for a third straight day of gains.
   

5 Real-Time Google Analytic Widgets You Should Use
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Last week, Google began allowing users to add real-time widgets to their Google Analytics dashboards. Real-time data within Google Analytics is not new, but the ability to dig deeper and to customize the real-time data is. There are still many limitations, but I created a new dashboard with five really helpful widgets that I think all content creators would benefit from having. Here is a quick guide on how to create them and why publishers should care.

Global growth worries may depress stocks
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Investors will be weighing up further gloomy news about the pace of global growth as they head into another busy day of corporate earnings.

Xerox Forecast Misses Estimates as Document Unit SlumpsBloomberg
Xerox first-quarter profit beats view, warns on second-quarterChicago Tribune
Xerox first-quarter profit beats Street viewReuters

NASDAQ-Rochester Business Journal
all 10 
news articles »

Globe and Mail

Lockheed Beats Forecasts, but Says Budget Cuts Will Hurt
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The weapons supplier reported a better-than-expected 14.8 percent increase in net income for the first quarter but warned annual revenues were likely to come in at the low end of earlier guidance due to U.S. budget cuts.

Samsung Leveraging Galaxy S4 Camera Features from Point & Shoot Line
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Smartphone cameras are one of the most competitive areas of technology.  This is because many consumers will choose their phone based on the quality of the camera, particularly as consumers use their phone as their primary camera.  For years, Apple’s iPhone held the top camera spot but over the past few years, was surpassed by the Nokia Lumia 920 and based on early reviews, the Samsung Galaxy S4 and HTC One.   Part of Samsung’s smartphone camera strategy is to pull features from its $199-$599 which became evident today based on an announcement by DigitalOptics Corp. (DOC). DOC announced today they were licensing Samsung their Face Detection and Face Tracking Software for Samsung’s Galaxy S4 phone line.  This is the same software Samsung uses in their high-end point and shoot cameras like the Samsung Galaxy Camera.  Also subtly disclosed was that the Galaxy S4 uses Fujitsu’s ISP (Image Signal Processor), which has integrated hardware block of DOC technology called the AHIP, or advanced hardware image processing engine.  This demonstrates for me examples of payoffs from a few key trends.

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United Technologies' Profit Soars
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United Technologies' first-quarter profit soared, aided by a favorable comparison to a year-earlier quarter weighed down by discontinued operations, as well as stronger revenue from the Pratt & Whitney and UTC Aerospace Systems businesses.
   


How Netflix Reinvented Itself
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One of the biggest and most persistent challenges facing a successful company is how to respond to a new generation of technology aimed at destroying the company's core profit engine. Such technologies give consumers a better experience at a lower price.

Dow Set to Open Higher Despite Global Economic Worries
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Stock index futures indicated a moderately positive start for the Dow Jones this morning as global economic data raises growth fears.
    




Data Points to Slowdown in Germany
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The German economy could be slipping back into recession, according to a survey of business sentiment. The data also confirmed that the rest of the euro zone remains stuck in a recession.
    




Xerox's Net Rises 10%
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Xerox's first-quarter profit rose 10% amid a lighter tax bill, yet waning demand for printers and copiers left the company's revenue short of expectations.
   


Pakistan's Musharraf held at police HQ
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Pakistan's former military ruler Pervez Musharraf was moved into police custody after being arrested on Friday, an unprecedented move against a former army c...
From: AFP
Views: 2
    
ratings
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Google fined for illegal data collection - BGR
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Google fined for illegal data collection
BGR
The Hamburg Commissioner for Data Protection and Freedom of Information has issued a fine of €145,000 to Google for illegally accessing and recording data from unencrypted Wi-Fi networks. Regulators called the company's acts “one of the most serious ...

and more »

6 dead in shooting in southwest Russia - Monterey County Herald
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6 dead in shooting in southwest Russia
Monterey County Herald
MOSCOW—Authorities say a man opened fire in a southwestern town, killing at least six people before fleeing. Officials at the city hall in Belgorod said Monday that the man opened fire outside a department store, killing five people immediately, including a ...

and more »

Boston Bombs: Suspects' Father Planning US Trip
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Anzor Tsarnaev insists his sons are innocent and the attacks on the Boston Marathon were orchestrated to frame them.



Previously Owned US Home Sales Unexpectedly Fell in March - Bloomberg
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Globe and Mail

Previously Owned US Home Sales Unexpectedly Fell in March
Bloomberg
Sales of previously owned U.S. homes unexpectedly dropped in March, showing uneven progress in the industry. Purchases (ETSLTOTL) of previously owned houses, tabulated when a contract closes, fell 0.6 percent to a 4.92 million annual rate last month, ...
Ahead of the Bell: US Home SalesBusinessweek
U.S. Existing Home Sales Unexpectedly Drop In March - NASDAQ.comNASDAQ

all 19 news articles »

Letters: Harsh Treatment at Guantánamo
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Readers discuss violations of medical ethics and human rights by the United States.
    




Letters: To Self-Publish or Not? A Word of Warning
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A bookseller and a book editor, responding to a front-page article, share their doubts.
    




4.23.13 - World News Review



Today in 1616 Miguel de Cervantes passed away in Madrid. To honor him here is one of our favorite quotes from his magnum opus 'Don Quixote':

"Too much sanity may be madness. And maddest of all, to see life as it is and not as it should be.”


The fire and explosion at a Texas fertilizer plant killed 14 people last week, mostly volunteer firefighters and first responders. Here's a look at the area before and after the blast: http://on.wsj.com/17dTrfK

The fire and explosion at a Texas fertilizer plant killed 14 people last week, mostly volunteer firefighters and first responders. Here's a look at the area before and after the blast: http://on.wsj.com/17dTrfK


Looking for a new car? Here's Ferrari's LaFerrari sports car displayed in Paris. Ferrari is making fewer than 500 of the vehicles.http://on.wsj.com/Zh1UNB

Credit: Getty Images
Looking for a new car? Here's Ferrari's LaFerrari sports car displayed in Paris. Ferrari is making fewer than 500 of the vehicles. http://on.wsj.com/Zh1UNB

Credit: Getty Images


















» Israel says Syria used chemical arms, probably nerve gas
23/04/13 12:12 from Reuters: International
JERUSALEM (Reuters) - Syrian government forces have used chemical weapons - probably nerve gas - in their fight against rebels trying to force out President Bashar al-Assad, the Israeli military's top intelligence analyst said on Tuesday. 


8:43 AM 4/23/2013

» Is France next for same-sex marriage legalization?
23/04/13 12:16 from CNN.com - World
France is set to become the latest nation to legalize same-sex marriage Tuesday, despite vocal opposition from conservatives, when legislation goes before lawmakers in the lower house for a final vote. 



Frigide Barjot, leader of the movement against gay marriage, 2nd right, talks to the media as she visits mothers, who take part in a vigil to protest against French President Francois Hollande's social reform on gay marriage and adoption next to the Eiffel tower in Paris, Monday, April 22, 2013. Both houses of the French parliament have already approved the bill in a first reading. The second and final reading is expected Tuesday. Eiffel tower is seen in the background. (AP Photo/Michel Euler)Lawmakers are preparing for a final vote to legalize same-sex marriage.







via Towleroad News #gay by Andy Towle on 4/23/13
Toulouse
The French National Assembly is set to give its final approval today on marriage equality:
The bill, which would also give same-sex couples the right to adopt, was approved in the Senate earlier this month.
Since no amendments have been made during debate in the lower house, it will be the final vote on the legislation. The measure is expected to pass.
The left, which includes President Francois Hollande's governing Socialist Party, dominates the National Assembly, where the bill was approved by a large majority in February on its first reading.
Hollande will have to sign the bill before it becomes law.
More anti-gay rallies are expected after the vote today. As you know, there has been much violence associated with the opposition.
Security is tight:
Police say legions of officers and a small battery of water cannons were at France's National Assembly on Tuesday to prevent a repeat of previous street violence. A spokesman for the police union UNSA, Christophe Crepin, said the extraordinary security was in place to protect the city's gay community.
Here's video of a rally that took place last week in Toulouse in southern France in which a group called Hommen Toulouse demonstrated in the city's Charles de Gaulle Sqare where they burned the letters of the word democracy, gave speeches, and stood shirtless and gagged, with anti-gay messages on their bodies.
Watch, AFTER THE JUMP...
Make sure not to miss a Towleroad headline by following @TLRD on Twitter.
     

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» What was Tamerlan Tsarnaev doing in Russia?
23/04/13 12:07 from CNN.com - World
Something struck Tamerlan Tsarnaev's aunt when her nephew arrived in southern Russia last year.

» U.S. Probes Suspect's Alleged Militant Ties
23/04/13 04:20 from WSJ.com: World News
U.S. investigators are looking into a Russian intelligence report that alleged Boston bomber Tamerlan Tsarnaev met with a suspected militant during his six-month visit to Russia in 2012.


BREAKING: Boston Marathon bombing suspect Dzhokhar Tsarnaev has been charged with using a weapon of mass destruction and malicious destruction of property resulting in death. Story: http://abcn.ws/13OtF3J

Read the charges: http://abcn.ws/109whAS

RELATED:
...See More
BREAKING: Boston Marathon bombing suspect Dzhokhar Tsarnaev has been charged with using a weapon of mass destruction and malicious destruction of property resulting in death. Story: http://abcn.ws/13OtF3J

Read the charges: http://abcn.ws/109whAS 

RELATED:
Deceased Boston bomb suspect eyed in connection to 2011 triple murder: http://abcn.ws/11eICWR

Bomber suspects' mom says younger son would have obeyed his big brother: http://abcn.ws/XRjfLT


















» Dzhokhar Tsarnaev charged with using weapon of mass destruction - The Guardian
23/04/13 07:39 from world - Google News
The Guardian Dzhokhar Tsarnaev charged with using weapon of mass destruction The Guardian Link to video: Boston bombing suspect charged in hospital bed · Dzhokhar Tsarnaev, the surviving suspect in the Boston Marathon bombings, was ..




» Boston Bomb Suspects 'Had Religious Motive'
23/04/13 09:15 from Sky News | World News | First For Breaking News
US officials say the two brothers suspected of carrying out the Boston bombings were motivated by a radical brand of Islam.


Photos of the two suspects near the finish line of Boston Marathon. (Courtesy Bob Leonard)

Officials Seek Motive Behind Boston Bombings

Suspect, Dzhokhar Tsarnaev, 19, has told investigators he and his brother acted alone, without any support from overseas groups More


» Officials Seek Motive Behind Boston Bombings
23/04/13 10:19 from Voice of America
U.S. authorities continue to seek information from the surviving suspect in last week's deadly Boston Marathon bombings who is facing charges of using a weapon of mass destruction. The suspect, Dzhokhar Tsarnaev, 19, was formally charged Mo..


» How Writers Interact With the World - New York Times (blog)
23/04/13 00:31 from world - Google News
How Writers Interact With the World New York Times (blog) Authors, after all, have always sought the means to build bridges between the world and the page. Wi-Fi, Google Docs, social networks and even smartphones and other gadgets are just..


» French embassy in Tripoli hit by car bomb: embassy source
23/04/13 07:51 from Reuters: International
TRIPOLI (Reuters) - France's embassy in Libya was hit by what appeared to be a car bomb on Tuesday, injuring two guards in the first such attack in the capital Tripoli since the end of the 2011 war that ousted Muammar Gaddafi. 


» Blast Hits French Embassy in Tripoli
23/04/13 11:03 from WSJ.com: World News
Security officials were investigating what Libyan officials said was a car bomb that exploded in front of the French Embassy in downtown Tripoli, injuring two French guards and destroying much of the diplomatic compound.


» French Embassy in Libya Attacked - New York Times
23/04/13 09:43 from Top Stories - Google News
The Nation French Embassy in Libya Attacked New York Times CAIRO — The explosion of a car parked outside the French Embassy in Libya wounded two French guards on Tuesday in what appeared to be the first major terrorist attack on a diplomat..


» Hagel: 'Difficult and Dangerous Time'
23/04/13 08:24 from Voice of America
U.S. Defense Secretary Chuck Hagel says allies need to remain "closer than ever" as challenges in the Middle East become more complicated. Speaking alongside Israeli Prime Minister Benjamin Netanyahu before a meeting Tuesday, Hagel said thi..


» Apple Inc. wins iPhone patent battle over Google - Zee News - Zee News
23/04/13 08:16 from Top Stories - Google News
Zee News Apple Inc. wins iPhone patent battle over Google - Zee News Zee News New Delhi: US International Trade Commission (ITC) issued a verdict on Monday that was music to Apple's ears. ITC ruled out that Apple did not violate a Goog..


» Pragmatist Succeeds Marxist in Venezuela
23/04/13 03:33 from WSJ.com: World News
Venezuela's appointment of central banker Nelson Merentes as the country's new finance minister replaces a rigid Marxist with a pragmatist.


» Turkey Criticizes Kerry Over Request to Delay Gaza Trip
22/04/13 23:35 from NYT > International
A spokesman for Turkey’s government said it had been arrogant of Secretary of State John Kerry to suggest that Prime Minister Recep Tayyip Erdogan postpone a trip to the Gaza Strip.


» NATO Foreign Ministers Meet in Brussels
23/04/13 09:15 from Voice of America
NATO foreign ministers are meeting in Brussels for talks expected to focus on the conflict in Syria and the withdrawal of alliance forces from Afghanistan in 2014. NATO Secretary-General Anders Fogh Rasmussen, commenting on Syria, said, "We..


» The World Is Not Global: It's Local - Forbes
23/04/13 10:01 from world - Google News
The World Is Not Global: It's Local Forbes While we certainly live in a highly interconnected world , the business world is not as “flat” as Thomas Friedman once predicted. Quite the contrary in fact. There is no “global market” for go..