Wednesday, April 10, 2013

4.10.13 - 10:30 AM: Markets and Business News Review: $DJI - 14,762.

10:48 AM 4/10/2013

$DJI - 14,762.



10:58 AM 4/10/2013


EU Sounds Alarm on Spain, Slovenia
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Spain's economic reforms came under heavy criticism by the European Commission in a report that said the country's adjustment was running out of steam.
Former HBOS CEO Offers to Return Knighthood
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James Crosby has offered to return his knighthood and forgo one-third of his annual pension after a scathing report on his performance from a parliamentary committee. Heard on the Street’s Simon Nixon looks at whether this is enough.
LVMH's Arnault Withdraws Belgian Citizenship Bid
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The chief executive of luxury giant LVMH Moët Hennessy Louis Vuitton has abandoned his application for Belgian citizenship, after the move by France's richest man spurred public criticism and played into a nationwide debate over tax policy.
OPEC Cuts Global Demand View
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OPEC slightly cut global oil demand estimates for this year for the second time in two months, highlighting Cyprus as the latest cause for concern over the euro-zone economy.
    
Morning Links: KPMG Roiled By Trading Scandal
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A roundup of blog posts and articles from around the web.
    
Forty-Five Seconds Over Wall Street, AM
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Market gets a big surprise with early release of the FOMC minutes, which reflect same debates about QE and when to end it. Still, the snafu hasn't hurt the market, with the Dow quickly up 70 points.
    
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New Leak Is Found at Closed Japan Plant
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Japan's Tepco found a new contaminated-water leak at its Fukushima Daiichi nuclear power plant, citing the No. 1 underground storage pool.

Japan Shares Higher on Weak Yen
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Shares in Japan were higher Wednesday amid the yen's recent weakness while the Australian currency climbed on better than expected Chinese import data. The Nikkei added 0.7%.
   
Facebook Widens Data Targeting
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Gunning to win more advertising dollars, Facebook is rolling out a new tool for advertisers that matches data submitted by its billion-plus users with personal information from outside the social network.
    
Facebook Gets a Hold on Phones
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Facebook Home, a new suite of software Facebook is introducing for Android phones, aims to take over phones right from their lock screens, writes Walter S. Mossberg.
Obama Aims to Spur New Budget Talks
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Obama will attempt to spur new budget negotiations Wednesday, offering a broad plan he hopes can attract bipartisan interest.
A Rush to Sell Gold in Japan
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The weak yen has triggered a gold rush, literally, in Japan as families sell items to take advantage of prices that have soared in yen terms.

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Trading Case Embroils KPMG
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A former KPMG partner admitted passing on stock tips about clients to a friend in exchange for cash and gifts, in a scandal that led the big accounting firm to resign as auditor for two companies.

China Posts Trade Deficit
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China unexpectedly swung to a trade deficit of $884 million in March after reporting a surplus in recent months, as imports surged after a holiday-induced lull.
Futures Climb on Overseas Data, Fed
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U.S. stock futures rose after strong data out of China and Europe helped boost optimism and the contents of the Federal Reserve's latest meeting minutes provided few surprises.
   
Morning MarketBeat: Don’t Fear Fed Minutes
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The minutes from the March FOMC meeting may suggest growing unease with the central bank's easy-money policies. But investors are much more likely to take the caution in stride compared to what transpired the last two times Fed minutes were released.
    








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Luxembourg to Reveal Bank Data
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Luxembourg announced a radical shift in its banking policy, saying it would exchange information with the rest of the European Union about EU bank account holders in the country as of Jan 1, 2015, another step in Europe's crackdown on tax evasion.
   
Fed Releases FOMC Minutes Early
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The Federal Reserve released the minutes of its March FOMC minutes at 9 a.m. rather than the customary 2 p.m.
    










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Fed's March Minutes, Released Early, Point Up Bond-Buy Debate
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Federal Reserve officials actively debated at their last meeting about whether to begin winding down an $85 billion-per-month bond-buying program after midyear, the minutes show.
We will shoot down North Korean missile if allies at risk: US - Times of India
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We will shoot down North Korean missile if allies at risk: US
Times of India
WASHINGTON: A top US military commander said Tuesday he favored shooting down a North Korean missile only if it threatened the United States or Washington's allies in the region. When asked by lawmakers if he supported knocking out any missile fired ...

Admiral says US can protect itself from North Korean missilesStars and Stripes 
North Korea warns foreigners to protect themselves, threatens US securityfox4kc.com
Admiral says North Korea is direct threat to US The State
Yahoo! News Canada (blog)
all 46 
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Times of India
Luxembourg to lift bank secrecy rules
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Austria set to follow the Grand Duchy and relax privacy rules in the financial sector, joining global moves towards cracking down on tax evasion
Nova Scotia teen kills herself after being rape, bullying - Globe and Mail
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Globe and Mail

Nova Scotia teen kills herself after being rape, bullying
Globe and Mail
A Nova Scotia teenager has killed herself after she was raped by four boys, who distributed a photo of the assault and bullied her, her family says. Rehtaeh Parsons, a 17-year-old high-school student from Cole Harbour, near Halifax, struggled emotionally for ...

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At least 14 hurt in stabbing spree on Texas campus; suspect believed to be student - NBCNews.com
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At least 14 hurt in stabbing spree on Texas campus; suspect believed to be student
NBCNews.com
As many as 14 people were hurt and two are in critical condition after calls flooded into 911 with reports of multiple people stabbed. NBC's Janet Shamlian reports. By Erin McClam, Staff Writer, NBC News. At least 14 people were hurt Tuesday in a stabbing
...
Suspect detained in Lone Star College campus stabbingHouston Chronicle 
Texas college stabbing: 14 injured, 2 in critical conditionCNN
Student Arrested in Texas College Stabbing AttackABC News
Washington Post-New York Times-CBS News
all 298 news articles »

Philly.com
WORLD: How Thatcher Changed Britain
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The Times's Alan Cowell and Marcus Mabry analyze the significance of the Margaret Thatcher years.
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US offers economic incentive for Mideast talks
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Mr Kerry’s comments were the clearest sign yet that he is pushing to restart the peace talks amid fears that time for a two-state solution is fast running out
Mexican Billionaire Carlos Slim's Digital Event Sets World Record - Forbes
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Mexican Billionaire Carlos Slim's Digital Event Sets World Record
Forbes
The world's richest person, Carlos Slim Helu, continues to surprise the world in keeping his companies at the forefront of innovation. Telmex, the Mexican telecom carrier controlled by Slim, entered the Guinness World Records book with its Aldea ...

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FBI Asked to Investigate Whether Senator's Office is Bugged
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Senate Republican Leader Mitch McConnell's re-election-campaign officials have asked the FBI to look into how one of their private strategy meetings was recorded. Liberal-leaning magazine Mother Jones said it had obtained a recording of the meeting held February 2 in Louisville, Kentucky. During the meeting, the senator and aides discussed ways to reveal faults of potential opponents, actress Ashley Judd and Kentucky Secretary of State Alison Lundergan Grimes. Judd has since ruled out ...
Coptic Christian Leader Criticizes Morsi Government
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Pope Tawadros II, the Coptic pope, accused President Mohamed Morsi’s government of “delinquency” and “misjudgments” for failing to prevent sectarian fighting.
US can intercept North Korean missile, top admiral says - Los Angeles Times
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IBNLive

US can intercept North Korean missile, top admiral says
Los Angeles Times
WASHINGTON -- Responding to concerns that North Korea is preparing to test a medium-range missile after weeks of bellicose threats, the commander of U.S. forces in the Pacific sought to reassure Congress on Tuesday that the Pentagon would be able ... 
Adm. Locklear: US has ability to intercept North Korean missileWashington Post

US can intercept North Korean ballistic missile, top American admiral saysCBS News 
US can intercept potential missiles from North Korea: military commanderCTV News
USA TODAY-The Associated Press-AFP
all 112 news articles »
Russia Cracks Down on Vote Watchdog
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Russian authorities have filed the first case under a controversial new law on nongovernmental organizations, taking aim at an often-critical election watchdog for its failure to register as a "foreign agent."
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Britain and the world react to Margaret Thatcher's death - Washington Post
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MSNBC

Britain and the world react to Margaret Thatcher's death
Washington Post
Britain and the world react to Margaret Thatcher's death. While many mourn the deceased former British prime minister, others who scorn her legacy celebrate. British Prime Minister David Cameron delivers a statement on the death of former prime ... 
USA is the world's biggest tax haven–which the GOP should remember while it...MSNBC

Thatcher's economic reforms influenced the world, but the next big changes won...The Independent
Margaret Thatcher: no fond farewells from AfricaThe GuardianTelegraph.co.uk -Spiegel Online -TIME
all 4,005 
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Mom: Teen kills herself after rape, bullying - USA TODAY
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Mom: Teen kills herself after rape, bullying
USA TODAY
HALIFAX, Nova Scotia (AP) — A grieving Canadian mother said Tuesday her daughter hanged herself after she never recovered from an alleged rape by four teenage boys that left her deeply depressed and bullied in her community. Leah Parsons said she ...
Teen Commits Suicide After Photo of Alleged Rape Goes ViralMashable
Nova Scotia teen kills herself after being rape, bullyingGlobe and Mail
Nova Scotia girl commits suicide after being sexually assaulted by four teens ...Toronto Star
Huffington Post-The Frisky
all 52
news articles »

National Post
Russia Brings Charges Against Election Monitors
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The action came after Chancellor Angela Merkel of Germany publicly criticized the Putin government for its intimidation of nongovernmental organizations.
World Briefing | Europe: Russia: Orthodox Leader Condemns Feminism
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The head of the Russian Orthodox Church said Tuesday that feminism was a “very dangerous” phenomenon offering an illusion of freedom to women who should focus on their families and children.
Russia: Golos Faces 'Foreign Agent' Case
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The prosecution of an election monitoring group is described as a "serious blow to the independence of civil society in Russia".

The world's most popular car is… - NBCNews.com
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Vanity Fair

The world's most popular car is…
NBCNews.com
The world's most popular car is… The Ford Focus has become the most popular car in the worldfor the second year running. NBC's Brian Williams reports. Share This: facebook · twitter · googleplus. Related Videos; Transcript of this video ...
Focus is best-selling car in the ... world!USA TODAY
Ford Focus is world's best-selling carCNN
What Are the Most (and Least!) Popular Cars in the World?Vanity Fair
Voice of America -Los Angeles Times -Christian Science Monitor
all 65 news articles »
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Anti-Soviet nostalgia shapes closed world of Polish right
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On the anniversary of the plane crash that killed President Lech Kaczynski, rightwingers rally to conspiracy theories about his death
World Briefing | The Americas: Canada: Report on Taser Death
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A coroner ruled Monday that the death of a Polish immigrant after he was repeatedly stunned with a police Taser in the Vancouver airport was a homicide.
US cancels missile testing as China warns off North Korea - CITY A.M.
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US cancels missile testing as China warns off North Korea
CITY A.M.
CHINA warned against “troublemaking” on its doorstep yesterday, in an apparent rebuke to North Korea, as the US said it was postponing a missile test to help calm high tension on the divided Korean peninsula. The North, led by Kim Jong-un, has been ...

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Margaret Thatcher, 1925 - 2013: A look at her victory in the Falklands
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Margaret Thatcher is dead aged 87. Here we look at the event that arguably secured her a second term in power - the 1982 Falklands War. Retaking the Falkland...
From: itnnews
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A Prayer for Suicides - Patheos (blog)
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A Prayer for Suicides
Patheos (blog)
On Friday morning, Matthew Warren, son of Saddleback Valley Community Church pastor and Purpose-Driven Life author Rick Warren, died from what Orange County Sheriff's Deputies describe as a self-inflcted gunshot wound. Pastor Warren has called his ...

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US Stocks Pull Back - Wall Street Journal
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MiamiHerald.com

US Stocks Pull Back
Wall Street Journal
Stocks pushed lower on the heels of Friday's pullback, as investors took some money off the table ahead of the unofficial start of corporate earnings season. In the Markets. MarketBeat: An Earnings Season That Might Leave a Mark. Alcoa kicks off first quarter ...
Stocks lower as investors await earningsUSA TODAY
Stocks open lower ahead of earnings seasonBoston Herald
 

Stocks extend losses after worst week of 2013CNN
San Francisco Chronicle - New York Times -Reuters
all 75 
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WORLD: Thatcher's Economic Legacy
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The Times's Graham Bowley discusses how the former prime minister's free-market policies linger today in Britain's fiscal matters.
Kerry trying to build support for new Israel peace talks
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JERUSALEM — Secretary of State John F. Kerry worked Monday to build support for new Arab-Israeli peace talks that would establish an independent Palestinian state and settle many other old Mideast grievances.
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U.S. Secretary of State Visits the Middle East
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A U.S. effort to revive Israel-Palestinian peace talks continues Monday with Secretary of State John Kerry holding talks with both Israeli and Palestinian officials.

Former Prime Minister Margaret Thatcher of Britain Has Died
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A towering, divisive and yet revered figure who left an enduring impact on British politics.
'Irony Lady': How a Moscow propagandist gave Margaret Thatcher her famous nickname
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On Jan. 24, 1976, a Saturday, a Soviet propaganda outlet known as Krasnaya Zvezda published an unremarkable article condemning an up-and-coming British politician named Margaret Thatcher. She had taken leadership of the U.K. conservative party, then the opposition party, less than a year earlier and had earned a reputation as an anticommunist crusader.
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Remains of Chilean Nobel Prize-Winning Poet Exhumed
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The remains of Nobel prize-winning Chilean poet Pablo Neruda have been exhumed as part of an investigation into claims he may have been poisoned during the dictatorship of Augusto Pinochet. The leftist author, who died 12 days after the 1973 military coup that ousted socialist president Salvador Allende and brought General Pinochet to power, was long believed to have died of prostate cancer. But judicial authorities opened an investigation in 2011 into four-decade-old claims by Neruda's ...