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Jul 6, 2010

ABCNews : Australia .- Coal supply chain to close for upgrades. July 6th., 2010




Morning Edition of July 7., 2010

Coal supply chain to close for upgrades
Australia's largest coal supply chain will be shut down next week to allow for vital rail upgrades to be completed.

Brown vows to block Felton mine in Senate
Greens Leader Bob Brown says he will use the balance of power in the Senate to block a proposed mining development at Felton on Queensland's Southern Downs.

Dairy farmers threatened by collapsed Parmalat deal
Far north Queensland dairy farmers say they are considering leaving the industry because of the collapse of a major supply deal for the region.

More Business

MarketWatch: Personal Finance Daily : July 6th., 2010

MarketWatch
Personal Finance Daily
JULY 06, 2010

Tuesday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

Do you own long-term-care insurance? It's a pricey product that in years past was riddled with problems (most notably, ever-rising premiums among some insurers). On the other hand, many of us will need care when we're older, and often the type of long-term-care that we'll need is not covered by Medicare.

For instance, if you or a loved one is able to live at home, but needs help with daily activities, that's the job of a home health aide. Many people pay for this service out of pocket, because Medicare is unlikely to cover it and most people don't have long-term-care insurance. Read Kristen Gerencher's column today for more on what you need to know about hiring an aide.

Paying for such services may get simpler in the future. The new health-reform law includes what's called the CLASS Act, which provides for an employer-based, government-administered, long-term-care insurance program (it's run by the government, but paid for by individuals' premium payments, not with taxpayer dollars). That program won't be available for a couple of years, but it certainly sounds intriguing.

-- Andrea Coombes , Personal Finance editor

Five tips for hiring a home health aide

The signs can hit you quickly or sneak up on you gradually. But what do you do if Mom or Dad isn't safe living alone anymore?
See Vital Signs.


TRAVEL

Get your passport now -- before fees jump higher

If you've been procrastinating about getting or renewing your passport, it's time to get going because fees are rising soon.
See Travel.


PERSONAL TECH

Commentary: Smart phone users have bad manners

Emily Post, the great American doyenne of etiquette, must be rolling in her grave. As smart phones continue to soar in popularity, especially in the U.S., the devices are bringing out the worst in people.
See Therese Poletti's Tech Tales.


FINANCIAL PLANNING

I love you, you're perfect, now sign here

New Yorkers Laura Jackson and Gary Zaremba met on a dating website in 2005. Two years later, Mr. Zaremba, a 52-year-old real-estate developer, popped the question. Ms. Jackson accepted.
See story on more baby boomers signing prenuptial agreements.


Your adviser is changing firms - should you follow?

When a financial adviser changes firms, the decision of whether to follow can be a difficult one
See story on your adviser is changing firms, should you follow?


INVESTING

Stock-fund gains dissolve in quarter as 2010 turns perilous

The second quarter brought investors in U.S. stock funds face-to-face with some ruthless mean girls -- April, May and June -- and the meeting wasn't pretty.
See Weekend Investor.


The Supreme Court case against Janus could prove costly for investors

Nearly eight years after the biggest scandal in mutual fund history, the U.S. Supreme Court has agreed to hear a case forged from those troubles. But rather than paying back shareholders for damages done long ago, this case could wind up changing the industry and costing fund investors big if the high court finds against management.
See Chuck Jaffe.


What exactly are 12b-1 fees, anyway?

Mutual-fund investors paid about $9.5 billion last year in 12b-1 fees--and if you don't know what that is, you're not alone. The Securities and Exchange Commission worries that many people are unaware of or don't really understand these charges, which are subtracted from fund assets to pay for "distribution" and/or "services."
See story on what exactly are 12b-1 fees anyway?


Don't be complacent in bonds

If you own bond mutual funds, that part of your portfolio likely has come through the past few months' market turmoil in fairly good shape.
See story on don't be complacent in bonds.


Five ways to invest in the U.S.A.

Maybe the good ol' U.S.A. isn't such a bad place to invest, after all. In Europe, Greece is dealing with the ramifications of its crippling debt crisis. Spain announced plans to bail out banks reeling from its housing-boom collapse and sovereign-debt concerns. Portugal, Italy and Ireland also face weak fiscal positions. China has been tightening lending amid speculation of a real-estate bubble.
See story on five ways to invest in the U.S.A.


CAREERS

Negotiating for more at work

If you're like many professionals, you've been waiting a long time for a raise. You may have even taken a pay cut during the recession. But while the economy looks to be turning around, experts say you may have to wait a bit longer for a real salary increase because companies have remained cautiously frugal.
See story on negotiating for more at work.


ECONOMY & POLITICS

U.S. service sectors weaken a bit in June

The service sectors of the U.S. economy continued to grow in June but at a slower pace, according to a survey of companies released Tuesday by the Institute for Supply Management.
See Economic Report.


Commentary: Five burning questions for Wall Street

The rumbling you heard in the skies over the weekend wasn't the bottom falling out of the stock market - it was, after all, closed -- more likely it was fireworks which means we've crossed the halfway point of 2010.
See David Weidner.


Commentary: Perched between growth and recession

Midyear finds the economy at a crossroads, perched precariously between growth and recession.
See Irwin Kellner.


U.S. sues Arizona over controversial immigration law

The Obama administration sued Arizona over the state's controversial immigration law on Tuesday, saying it interferes with the federal government's authority to set immigration policy.
See story on U.S. sues Arizona over controversial immigration law.

CNBC : Evening Brief: Financial Reform Comes Down To a Few Key Votes in Senate. July 6th., 2010



LATEST STORIES

LATEST VIDEO


Fortress: Eye on Deals
Private equity firm Fortress Investment Group has made two deals in the commercial real estate arena. Daniel Mudd, CEO of the Fortress Investment Group, discusses the deals with CNBC.
» Watch Video



NBA Free Agent Fallout
CNBC's Darren Rovell has the latest on the NBA free agent frenzy.
» Watch Video

Community Bank Summit, Pt. 1
Discussing financial regulatory reform's impact on community banks and the real estate market with James Hyman, CEO of Hopewell Valley Community Bank; Frank Sorrentino, CEO of North Jersey Community Bank; and Dennis McCormack, managing partner of Prominent Properties Sotheby's International Realty.
» Watch Video

Another Toyota Recall?
Battered auto giant Toyota is gearing up for more recalls, with CNBC's Phil LeBeau.
» Watch Video 

Fixing the Financial System
The financial reform bill is headed to the Senate later this month, with Chris Whalen, Institutional Risk Analytics; Ian Bremmer, Eurasia Group and Nouriel Roubini, Roubini Global Economics and NYU Stern School of Business.
» Watch Video

















                         




FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch -Industry - Financialñ Services. JUly 6th., 2010










 
INDUSTRY: FINANCIAL SERVICES

MarketWatch First Take: Doubts don't hamper the biggest IPO ever
 
By MarketWatch
7/6/2010 1:17:00 PM



Agricultural Bank of China Ltd. showed Tuesday there are still investors who believe in the emerging market’s banking system, writes David Weidner. 


 
By Greg Robb MarketWatch
7/6/2010 12:59:00 PM



On July 2, a MarketWatch preview on economic indicators cited an incorrect forecast for Bernard Baumohl, chief global economist at The Economic Outlook Group. Baumohl expects the gross domestic product will increase at a 3.8% annual rate in the second quarter. 




NYT : Afternoon Business Update : Insdia Expanding as Global Drug Producer. July 6th., 2010



India Expanding Its Role as Global Drug Producer

By HEATHER TIMMONS
India's drug industry is on track to grow about 13 percent this year, to just over $24 billion in sales.

Wall Street Can't Hold On to Gains

By CHRISTINE HAUSER
After an early jump, American markets fell into a familiar pattern by sliding late in the day.

Paris Aims to Curb Apartment Rentals to Tourists

By JEAN RAFFERTY
There is confusion about a French law that prohibits the renting out of residential apartments for less than a year.

Britain Is Puzzled by Its Inflation Problem in a Downturn

By JULIA WERDIGIER
Some economists fear that interest rates could go up too soon - and send Britain back into recession.

Nokia to Exit Wireless Modem Business

By KEVIN J. O'BRIEN
Nokia is selling the business to Renesas Electronics of Japan for $200 million, as stiff competition from Chinese companies has driven down prices for the products.

RTTNews : Evening Marketn Wrap.- Stocks End Mostly Higher On Bargain Buying - U.S. Commentary . July 6th., 2010

Evening Market WrapTue Jul 6 17:01 2010  

Commentary

Jul 6, 2010 Stocks End Mostly Higher On Bargain Buying - U.S. Commentary Stocks were able to squeeze out moderate gains on Tuesday, with technical opportunities following last week's losses chiefly driving the buying interest. However, upward mobility in the markets was limited due to a disappointing report on service sector activity and the upcoming start of earnings season. Full Article

Economic News

Jul 6, 2010 Service Sector Growth Slows Much More Than Expected In June Activity in the service sector expanded for the sixth consecutive month in June, according to a report released by the Institute for Supply Management on Tuesday, although the pace of growth in the sector slowed by much more than economists had anticipated. Full Article

Earnings News

Jul 6, 2010 Walgreen June Comp. Sales Up 2.0% Drugstore chain operator Walgreen Co. (WAG) announced Tuesday that comparable store sales for the month of June rose 2.0% after two months of declines, and sales for the month increased 8.4%. Meanwhile, comparable store front-end sales was also up 2.2%, and comparable pharmacy sales increased 1.8%. Full Article
Jul 6, 2010 Jean Coutu Group Q1 Profit Rises; Warns Of Quebec's Proposed Price Slash On Generics - Update Canadian drugstore chain Jean Coutu Group Inc. (PJC_A.TO) reported Tuesday an increase in first-quarter profit, helped by improvement in sales, as well as absence of a non cash charge related to share of loss in Rite Aid Corp. (RAD) compared to the prior year. Further, the company warned that if Quebec implements generic drug-price slash as adopted in Ontario, it would impact consolidated results. Full Article

Corporate News

Jul 6, 2010 Fidelity National Backs Q2 Revenue View; Plans $1.2 Bln Notes Offering - Update Fidelity National Information Services, Inc. (FIS) Tuesday provided an adjusted earnings forecast for the second quarter and reaffirmed its revenue outlook. Separately, the banking and payments technology provider announced the commencement of an earlier announced tender offer to buy back up to $2.5 billion of its shares, and a plan to privately offer $1.2 billion in senior notes aimed at funding the share repurchase. Full Article

Forex Top Story

Jul 6, 2010 Dollar Loses Further Ground Versus Euro The dollar remained under pressure versus the euro and yen on Tuesday, beset by lingering concerns that the US economic recovery is petering out. With Europe's debt problems now seen as less severe than once feared, the dollar has slipped to its lowest since mid-May versus the euro. Full Article

Political News

Jul 6, 2010 Country Divided On Approach To Immigration Reform With President Barack Obama and Congressional Democrats placing a new emphasis on immigration reform, a poll released Tuesday shows the country remains divided about the best way forward. According to the Gallup poll, 50 percent of Americans believe the government's top priority should be halting the flow of illegal immigrants into the country, while 45 percent believe that developing a plan to deal with the estimated 11 million immigrants already here is most important. Full Article

US Policy

Jul 6, 2010 Netanyahu Set For Key White House Meeting With Obama A day after announcing further steps in easing of the Gaza blockade, Israeli Prime Minister Benjamin Netanyahu arrived in Washington for crucial talks with U.S. President Barack Obama. The Obama administration approaches the visit as an occasion to patch up an unusually rocky period in relations with its close ally, to take advantage of a strong pro-Israel sentiment among American lawmakers and voters ahead of U.S. congressional elections set for November. Full Article

FGC BOLSA - FGC FINANCIAL MARKETS





U.S. Markets At Close


Market Snapshot
Index Last Change %Change  
DJIA 9,743.62 +57.14 0.59% Hilighted
Nasdaq 2,093.88 +2.09 0.10%  
S&P 500 1,025.27 +2.69 0.26%  
FOX 50 752.23 +5.05 0.68%  
DIJA Chart
 






FOX BUSINESS : Dow Jones Jumps at Open. July 6th., 2010


06-30-10 Traders 01 276
Dow Jumps at Open Looking to end its longest slump since the height of the financial crisis, Wall Street started the holiday-shortened trading week with a boom.

THE MOST POWERFUL NAME IN BUSINESS NEWS

Fed's Fisher Warns of Slowdown

Is the World Broke? Richard Fisher said the timing of monetary tightening will depend on the U.S. economy.

Gold Climbs Back Above $1,210

Demand for the precious metal recovered after last week's price dip as the weaker dollar weakened.

BP Appeals to SWFs

The oil company is seeking support from sovereign wealth funds to defend itself from any takeover bids.

AgBank A-Shares Oversubscribed

Agricultural Bank of China's Shanghai IPO was about 20 times oversubscribed by investors.

Apple in Hot Water

WATCH Tech glitches attached to the new iPhone 4 has the tech giant facing class-action lawsuits.

RTTNews : Daily Market Analysis.- Oversold Levels May Trigger Buying

Daily Market Analysis Tue Jul 6 09:16 2010 

Jul 6, 2010 Oversold Levels May Trigger Buying - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a sharply higher opening on Tuesday. The positive momentum set in motion by China, which became contagious and spread to the rest of the Asian markets and subsequently to the European markets may be in play on Wall Street also. Although the fundamental picture hasn't altered much, the oversold levels of the markets may bring in bargain hunters, who may look to capitalize on the situation. Full Article

RTTNews : Morning Market Briefing : Stocks May Rebound As Traders Go Bargain Hunting - U.S. Commentary . July 6th., 2010

Morning Market Briefing Tue Jul 6 09:01 2010 

Commentary

Jul 6, 2010 Stocks May Rebound As Traders Go Bargain Hunting - U.S. Commentary Stocks are pointing to a notably higher open after the Fourth of July holiday Tuesday morning, with traders looking to pick up stocks at reduced prices following a sharp sell-off that left the major averages at multi-month lows to close out the previous week. The major index futures are all in firmly positive territory, with the Dow futures up by 105 points. Full Article

Economic News

Jul 6, 2010 Shifting To Low Gear?Equities continued to be thrashed around, with the major global equity averages retreating sharply in the June quarter, with the soft patch of economic evidence being the reason. Full Article
Jul 6, 2010 Australia Trade Surplus Surges On Strong Commodity ExportsAustralia's trade surplus soared in May driven by a strong surge in exports, official data showed on Tuesday. The rise was fueled by a large increase in exports of commodities such as coal, iron ore and non-monetary gold. Full Article
Jul 6, 2010 Reserve Bank Of Australia Holds Cash Rate At 4.50% The Reserve Bank of Australia on Tuesday decided to hold its cash rate steady offering businesses and households a reprieve for the second month running. The decision comes after recent economic figures showed weakening household consumption and a cooling real estate market. Full Article

Corporate News

Jul 6, 2010 Nokia agrees to sell modem unit to Renesas for US$200 millionTuesday, Nokia Corp. (NOK) said it agreed to sell its wireless modem business for about US$200 million to Renesas Electronics in order to form an alliance to develop modem technologies for Evolved High-Speed Packet Access/Long-Term Evolution. Nokia will also transfer certain patents to Renesas. The planned transfer would also consist of around 1,100 Nokia R&D professionals, who are distributed globally in Finland, India, the U.K. and Denmark. Further, the company expects the transfer to occur in the fourth quarter 2010. Full Article
Jul 6, 2010 FIS commences tender offer to repurchase upto $2.5 bln of common shares; backs Q2 guidanceTuesday, Fidelity National Information Services Inc. (FIS) announced plans to privately offer $1.2 billion aggregate principal amount of senior notes with maturity dates of between 7 to 10 years. In addition, FIS announced the launch of its earlier announced tender offer for the purchase of up to $2.5 billion of common shares. The same day, FIS also said it is maintaining its revenue growth view for the second quarter of 2010, and also guided adjusted earnings for the period. Full Article
Jul 6, 2010 Lloyds sells private equity unit to Coller capital for about US$514 mlnMonday, Lloyds Banking Group plc (LYG) agreed to sell its private equity unit to buyout firm Coller Capital. As per the terms of the deal, Lloyds will get GBP 332 million or about US$513.5 million in cash for transferring 40 investments to a new joint venture with Coller in which Lloyds will retain a 30% stake. The total value of the sale is pegged at GBP 480 million. Full Article
Jul 6, 2010 Cliffs wins majority stake in Spider; to buy mining units from INR EnergyTuesday, Cliffs Natural Resources Inc. (CLF) said it has expanded its stake in Spider Resources Inc (SPQ.V) to a majority of 52.1%. Cliffs said it plans to fund the $757 million acquisition through available liquidity, including cash on hand and the firm's $600 million credit facility. The company expects the transaction to close within 60 days. Further, INR Energy, LLC said it agreed to sell its West Virginia coal mining operations to Cliffs. Full Article

Broker Ratings Changes

Jul 6, 2010 KeyBanc Capital Markets Initiates Campbell Soup Co. (CPB) At Hold

FGC BOLSA - FGC FINANCIAL MARKETS : MarketWatch - Industry - Financial Ser4vices .- Goldman Upped for "best in Class" risk management. July 6th., 2010









INDUSTRY - FINANCIAL SERVICES






By Simon Kennedy MarketWatch
7/6/2010 8:17:00 AM



The way Goldman Sachs measures risk and allocates capital should be seen as a model for other investment banks, according to analysts at J.P. Morgan. See full story





 

London Markets: Commodity producers, BP lift London stocks

By Sarah Turner MarketWatch
7/6/2010 4:55:00 AM



British shares were sharply higher on Tuesday, with BP up for the second straight day and other commodity-sector firms also trading with gains. See full story

China: Forex holdings doing 'comparatively well'


By Michael Kitchen MarketWatch
7/6/2010 2:32:00 AM



China's State Administration of Foreign Exchange, which manages the nation's massive foreign-exchange reserve holdings, says its funds have survived the financial crisis without significant losses and that they would continue to earn strong returns in the long term. See full story






Money Morning : The Numbers Blews Everyone Away. July 6th., 2010


July 6, 2010
The Numbers Blew Everyone Away…
China's latest export blew the analysts away. They posted a spectacular 48.7% increase over last year. New loans exceeded 630 billion yuan ($92 billion), and consumer prices rose 3.1%. Is the China miracle exploding again? Chief Investment Strategist, Keith Fitz-Gerald, has uncovered five unique ways to take advantage of China’s latest number - enough to hand wealth builders an estimated $165,360. Complete details here.



History Shows Stock Market Plunge May Just Be Par for the Course

By Jon Markman, Contributing Editor, Money Morning


Although the stock market plunge last week was certainly unsettling, history and a slew of positive leading indicators show that this may just be part of a normal pattern with better news ahead.

Stocks were hammered on Tuesday as a negative revision to an economic report out of China and fears over European bank funding set off a global firestorm of selling. A very weak consumer confidence report didn't help matters.

The major U.S. stock indices fell through critical support levels, with the S&P 500 returning to levels first reached last August. That's almost an entire year of stock market appreciation out the window.

In the end, the Dow Jones Industrial Average lost 2.7%, the S&P 500 lost 3.1%, the NASDAQ lost 3.9%, and the Russell 2000 lost 4%. Large-cap stocks outside the United States fell 3.5%, while emerging market stocks fell 4%. Some of the European exchanges fell the most, including iShares MCSI Spain Index ETF (NYSE: EWP), down 5%, and iShares MCSI Switzerland Index Fund ETF (NYSE: EWL), down 6%.

Click here to see how the stock market plunge fits a historical pattern...

Markman on...
- Canada: The World’s Economic Compass
- Commodities Are Key as China Continues to Call the Shots



The New Global Power Broker in Oil

Uganda has found oil, and lots of it. But it lacks the ability to turn crude into product - gasoline, diesel, jet fuel, and low-sulfur heating oil. So it must rely upon exporting that production as raw material - at a far lower price than the refined product would command.

It's a huge problem, and hardly limited to producing countries. But several heads-up companies are beginning to solve it. And they stand to make a killing doing so. Indeed, the new global power broker in oil has emerged… Full story.


Inflation Isn't Dead, Just Sleeping - And TIPS Can Protect You When It Awakens

[Editor's Note: In the current economic malaise, inflation has become a forgotten foe. But it could come back. This latest installment of Money Morning's "Defensive Investing" series details a low-risk strategy for dealing with that age-old enemy of long-term investors.]

By Larry D. Spears, Contributing Writer, Money Morning
Investors are always on the lookout for hot tips. The best tips highlight investments that pack a big potential profit punch, but that haven't yet started their move.

That's just what we have for you here.

We're not talking about the "inside scoop" on some obscure stock. What we're referring to are government-backed "TIPS" - or, as they're more formally known, Treasury Inflation-Protected Securities.

Admittedly, inflation hasn't been a major concern of late. The U.S. Consumer Price Index (CPI) was actually down by 0.2% in May, extending a 0.1% drop in April, while May's core inflation - which is the CPI measured without the volatile food and energy components - was just 0.1% higher. That's why many market analysts and media pundits are now saying deflation is much more of a worry for U.S. markets than inflation.

However, many of Money Morning's top experts - including Chief Investment Strategist Keith Fitz-Gerald and Contributing Editor Martin Hutchinson - disagree with that assessment. Recognizing the inevitable inflationary impact of increasing deficit spending, growing federal debt, rising state and local taxes and a weakening U.S. dollar, they see renewed upward price pressure not too far down the road.

That makes this the perfect time to learn about TIPS and how they can protect you when inflation again rears its ugly head.

Continue





Buy, Sell or Hold: Even After a Near-30% Gain Campbell Soup Co. (NYSE: CPB) Still Has Room to Run

By Horacio Marquez, Contributing Editor, Money Morning

I first recommended Campbell Soup Co. (NYSE: CPB) on June 1, 2009. At the time of our recommendation, our price target was a minimum of $32. The stock is now trading just above $35 today - a 27% increase.

What's more is that Campbell, which boasts a strong brand and above-average international sales potential, is poised to keep its winning streak intact.

The market sometimes offers us compelling propositions, like it did last year, when the stock inexplicably sold off. We took ready advantage of the situation. Campbell Soup has a very large, stable and increasing cashflow. It is so stable that it is almost boring. In fact, this company's stability qualifies it more as a dividend play than anything else.

In the two consecutive quarters following our initial recommendation, Campbell Soup torched estimates, as analysts on Wall Street had not caught on to our emerging markets growth story. The Street caught on in the last quarter but still has not fully recognized this company's potential.

Read full story...

The Washington Post : Today's Highlights.- Democratic groups losing Wall St. donors. July 6th., 2010


TODAY'S HIGHLIGHTS

Democratic groups losing Wall St. donors
A revolt among big donors on Wall Street is hurting fundraising for the Democrats' two congressional campaign committees, with contributions from the world's financial capital down 65 percent from two years ago.
(By T.W. Farnam and Paul Kane, The Washington Post)

BP falling far short of claims on oil removal
Critics of response point to a filing from weeks before disaster
(By Kimberly Kindy, The Washington Post)

In ambitious India, workers add social savvy to the skill set
(By Emily Wax, The Washington Post)

Turkey threatens to sever ties with Israel over deadly flotilla raid
Foreign minister seeks apology or acceptance of international inquiry
(By Janine Zacharia, The Washington Post)

Hold the coronation
Coach of dominant Dutch squad wary of players looking beyond semifinal against spirited Uruguay
(By Liz Clarke, The Washington Post)

POLITICS
Democratic groups losing Wall St. donors
A revolt among big donors on Wall Street is hurting fundraising for the Democrats' two congressional campaign committees, with contributions from the world's financial capital down 65 percent from two years ago.
(By T.W. Farnam and Paul Kane, The Washington Post)

In the same room, maybe on the same page
Obama, Netanyahu to meet again amid questions of a rift, concerns over U.S. policy
(By Anne E. Kornblut, The Washington Post)

Justice Dept. expected to cite 'preemption' in Ariz. suit
(By Jerry Markon, The Washington Post)

Admakers serving up a tea-party taste
Aim is to tap energy without focusing too narrowly on one side
(By Amy Gardner, The Washington Post)

Indian Americans take next step in political ascent
RECORD NUMBER SEEK OFFICE
Moving from the sidelines to candidacy

(By Krissah Thompson, The Washington Post)

More Politics


NATION
Admakers serving up a tea-party taste
In the ad, a line of British redcoats kneel in the field, muskets raised, waiting to gun down the approaching Colonial insurgents. A lonely violin plays in the background. It's a perfect election-year spot for our time. Any second now, the candidate will appear to wax patriotic, pay tribute to the...
(By Amy Gardner, The Washington Post)

Utah sees record demand for concealed-gun permits
Spike linked to tea party movement; license is valid in 32 other states
(By Reuters, The Washington Post)

BP falling far short of claims on oil removal
Critics of response point to a filing from weeks before disaster
(By Kimberly Kindy, The Washington Post)

Indian Americans take next step in political ascent
RECORD NUMBER SEEK OFFICE
Moving from the sidelines to candidacy

(By Krissah Thompson, The Washington Post)

Louisiana officials urge BP to speed claims payments
Adjusters checking more thoroughly as victims' requests mount
(By Ylan Q. Mui, The Washington Post)

More Nation

WORLD
Turkey threatens to sever ties with Israel over deadly flotilla raid
JERUSALEM -- Tensions between Turkey and Israel escalated Monday as Turkey's foreign minister said his country would sever diplomatic relations with Israel unless it either apologizes for its deadly raid on a Turkish aid ship or accepts an international inquiry into the incident.
(By Janine Zacharia, The Washington Post)

Two parties claim victory in Mexico
Calderón's foes win 9 governor's seats after violence-marred contest
(By William Booth, The Washington Post)

Class, capitalism and comedy
Stand-up star pushes the comfort zone
(By Andrew Higgins, The Washington Post)

In replying to West, Iran stresses its naval abilities in Persian Gulf
(By Thomas Erdbrink, The Washington Post)

In ambitious India, workers add social savvy to the skill set
(By Emily Wax, The Washington Post)

More World

METRO
A study in improvement
Test results at Sousa Middle School have shown a marked improvement since Michelle A. Rhee became chancellor of D.C. schools and appointed Dwan Jordon principal. Here are the percentages of Sousa students scoring at the proficient level on the D.C. Comprehensive Assessment System test:
(The Washington Post)

Sousa Middle's march of progress
Principal's hands-on, data-driven tack is transforming D.C. school but also ruffling feathers
(By Stephanie McCrummen, The Washington Post)

Caught in a bind
Uninsured Virginians may lose free dental care unless Congress extends deadline for emergency fund
(By Phillip Lucas, The Washington Post)

Limits on water extended in Md.
BACTERIA FOUND IN SAMPLES
Repairs completed on corroded Potomac main

(By Rick Rojas, The Washington Post)

Decades after protests for change, Glen Echo Park looks much the same
(By Petula Dvorak, The Washington Post)

More Metro

BUSINESS
A storied enforcer's son rises at SEC
It was New Year's Eve when Robert Khuzami, the enforcement director of the Securities and Exchange Commission, called an agency lawyer named Thomas Sporkin into his office to tell him he won a high-profile new job overseeing how the SEC screens tips and other information that could lead to legal ...
(By Zachary A. Goldfarb, The Washington Post)

In ambitious India, workers add social savvy to the skill set
(By Emily Wax, The Washington Post)

We didn't see the T-bubble coming, but we'll see it going
(By Allan Sloan, The Washington Post)

High-end department stores on wish list
Pr. George's residents hope Konterra project lures the likes of Nordstrom, Saks
(By Ovetta Wiggins, The Washington Post)

BP falling far short of claims on oil removal
Critics of response point to a filing from weeks before disaster
(By Kimberly Kindy, The Washington Post)

More Business 


TECHNOLOGY
Simulator may reduce deaths from childbirth
Given that she was simulating childbirth on a couch in a carpeted hallway off a hotel lobby right after breakfast, Paulina Quinones Gonzalez decided to keep it simple. No umbilical cord wrapped around the baby's neck, no obstructed labor, no shrieking and flailing.
(By David Brown, The Washington Post)

In ambitious India, workers add social savvy to the skill set
(By Emily Wax, The Washington Post)

More Technology

SPORTS
Teixeira homers as New York beats Oakland for third straight win
OAKLAND, Calif. -- Mark Teixeira hit a solo homer, Curtis Granderson had an RBI triple and the New York Yankees beat the Oakland Athletics 3-1 on Monday night for their third straight victory.
(By JANIE McCAULEY, AP)

LaPorta homers, then injured in Cleveland's win
Indians 9, Rangers 3
(AP)

Marlins beat Dodgers behind Helms's RBI single
Florida 6, Los Angeles 5
(By BETH HARRIS, AP)

Hold the coronation
Coach of dominant Dutch squad wary of players looking beyond semifinal against spirited Uruguay
(By Liz Clarke, The Washington Post)

From a basement gym to the heights of the amateur ranks
Jackson was a slow starter, but boxer shows potential and wins at Junior Nationals
(By Jorge Castillo, The Washington Post)

More Sports

STYLE
After King's mannerly CNN reign, barbarians might storm the gates
No More Mr. Nice Guys. Such is the prognosis for the post-King world -- Larry King, of course, who has had a rocky year in the ratings and who recently announced his retirement from the flagship talk show he hosts on CNN. His departure is as imminent as the announcement, from those ever-befuddled...
(The Washington Post)

'Liars': Truth be told, it's good
(By Emily Yahr, The Washington Post)

A valentine to The Post, warts and all
'Miracle' paints a vivid picture of the paper, from its triumphs to its struggles
(By Rem Rieder, The Washington Post)

Big Boi's 'Lucious' power
OutKast rapper scores with dense, dramatic solo album
(By Chris Richards, The Washington Post)

Quick Spins
(The Washington Post)

More Style

LIVE DISCUSSIONS
The Chat House with Michael Wilbon: FIFA World Cup officiating, NBA Draft, John Wall, LeBron James and more
Post columnist Michael Wilbon discusses LeBron James free agency, Dwayne Wade, Chris Bosh, Joe Johnson, the rest of NBA free agency, the Redskins and all the latest sports news and his recent columns.
(Michael Wilbon, washingtonpost.com)

Pop Culture with Paul Farhi
(Paul Farhi, washingtonpost.com)

Advice from Slate's 'Dear Prudence'
(Emily Yoffe, washingtonpost.com)

Opinion Focus with Eugene Robinson
(Eugene Robinson, washingtonpost.com)

Shales on TV Live
(Tom Shales, washingtonpost.com)

More Live Discussions


Michelle Rhee's role
EVEN AS D.C. Schools Chancellor Michelle A. Rhee suggested she might not be able to continue her work if Mayor Adrian M. Fenty (D) is voted out of office, she insisted the race is not about her. The key, she said, is "the two gentlemen who are running and what their kind of stances are about...
(The Washington Post)

A China less just
Gao Zhisheng's disappearance demands action on human rights.
(The Washington Post)

Capital concern
Financial reform's unfinished agenda
(The Washington Post)