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Apr 16, 2011

MarketWatch | Weekly Roundup: The Week's top Videos

MarketWatch
Weekly Roundup
APRIL 16, 2011

The week's top 10 videos on MarketWatch

By MarketWatch



In case you missed them, here are the 10 most popular videos that appeared on MarketWatch for the week of April 11-15:

Two planes collide on JFK runway

An Air France jumbo jet and a Delta airlines commuter plane collided on the runway at JFK. No passengers were injured and both planes have been grounded. Kelsey Hubbard reports.
 Watch Video Report.


Trump as independent in 2012?

Donald Trump says he will "probably" run as an independent candidate for U.S. president if he does not receive the GOP's nomination. He also discusses what his policy would be for China and the Middle East, in an interview with Kelly Evans.
 Watch Video Report.


Zipcar is in the driver's seat

Zipcar is set to price its shares and debut under the ticker "ZIP," garnering much of the attention in a busy week for IPOs. How will the auto-rental firm fare in this high gas-price environment? Stacey Delo talks to Dan Gallagher.
 Watch Video Report.


Radioactive iodine found in Philadelphia

New data released by the EPA shows the spread of radioactive iodine from the Fukushima nuclear accident to the Philadelphia drinking water supply.
 Watch Video Report.


Obama seeks cuts, taxes to cub deficit

President Obama Wednesday called for Congress to commit to "across-the-board" cuts in spending as well as tax increases if the national deficit isn't brought under control by 2014. Damian Paletta has details from Washington.
 Watch Video Report.


Four things to know when you trade earnings

Cody Willard of MarketWatch's Revolution Investing newsletter has four points you need to bear in mind to trade on earnings, particularly in technology, and talks about why he's bullish on Google and Microsoft. Stacey Delo reports.
 Watch Video Report.


The challenges of downsizing your life

Missy Sullivan looks at the challenges that baby-boomers face when they decide to downsize their life and sell a big chunk of their possessions, including getting decent sale prices for their stuff.
 Watch Video Report.


Mossberg reviews the BlackBerry PlayBook

Walt Mossberg reviews the first tablet from Research in Motion, the BlackBerry PlayBook. It's also the first major iPad challenger that isn't based on Google's Android system. It uses an all-new RIM operating system that's very different from the familiar software in BlackBerry phones.
 Watch Video Report.


Buying a home? There's an app for that

If you're in the market to buy a home, a slew of new smartphone apps aim to make the job easier and save you time. Amy Hoak reports.
 Watch Video Report.


What's cut from the federal budget?

Damian Paletta, Kelsey Hubbard and David Weidner discuss where the big cuts are coming from in the deal to keep the U.S. government funded for the rest of fiscal 2011 and what President Obama is likely to say in his deficit speech on Wednesday.
 Watch Video Report.

NYT: Today's Headlines: Top News | Quotationof The Day | Business | World | US | Politics | Business | Technology | Sports | Arts | New York Region | Travel | Editorial | Op-ed On This Day



TOP NEWS

G.O.P.-Led House Votes to Cut Trillions Over 10 Years

By CARL HULSE
House Republicans forced through a partisan budget plan that has no chance of passage in the Senate but would pare spending by an estimated $5.8 trillion over the next decade.

Qaddafi Troops Fire Cluster Bombs Into Civilian Areas

By C. J. CHIVERS
Libyan forces loyal to Col. Muammar el-Qaddafi have been firing into residential neighborhoods in Misurata with a weapon that has been banned by much of the world, witnesses say.

At Mexico Morgue, Families of Missing Seek Clues

By ELISABETH MALKIN and DAMIEN CAVE
For two weeks now, the discoveries of mass graves have hardened the perception that parts of northern Mexico have been lost to criminal gangs.
QUOTATION OF THE DAY
"Yesterday we cut billions. Today we cut trillions. "
KEVIN MCCARTHY, a Republican representative from California, on the House's budget votes.

Business

Video: Talking Money With Elmo

In the wake of the financial crisis, "Sesame Street" is teaching children financial literacy. Ron Lieber talks to Elmo about saving and sharing.
Opinion
An Uncivil War
Opinionator | The Thread

An Uncivil War

It's spring, but the budget fight has been anything but a breath of fresh air.
WORLD

Syrians Renew Protests Despite Concessions

By LIAM STACK and KATHERINE ZOEPF
Marches across the country were met with tear gas, beatings and reports of gunfire, a day after the government took steps to mollify protesters.

Dueling Protests in Yemen Remain Peaceful

By LAURA KASINOF
More than 100,000 protesters returned to the streets of the Yemeni capital Friday, chanting their support both for and against President Ali Abdullah Saleh.

Islamists Clash With Supporters of Jordan's King

By THE ASSOCIATED PRESS
Salafis denouncing Jordan's ties to the United States beat government supporters with clubs and fists, and the two sides hurled stones at each other, leaving dozens wounded.
U.S.

G.O.P. Pushes to Deregulate Environment at State Level

By LESLIE KAUFMAN
Legislatures and governors are moving aggressively against conservation measures and regulations they see as too burdensome to business interests.

A Warning, and 68 Minutes Later a Killer Touches Down

By JAMES C. McKINLEY Jr.
A tornado ravaged a tiny Oklahoma town on Thursday, killing two people, while in Arkansas 80-mile-an-hour winds caused damage that killed at least five people, officials said.

In Washington, Headlines That Revive Bad Memories

By SABRINA TAVERNISE
Mayor Vincent C. Gray has had an awkward first 100 days, with allegations of nepotism and inflated salaries.
POLITICS

County Results Find Incumbent the Victor in Wisconsin

By MONICA DAVEY
Justice David T. Prosser Jr., a conservative Republican, pulled ahead in the votes after a county clerk said she had failed to count 14,000 votes.

Democrats Pounce on Chris Christie's Blunt Words

By RICHARD P‰REZ-PE‘A
When Gov. Chris Christie, a Republican, used violent imagery in talking about State Senator Loretta Weinberg, Democrats criticized him en masse and demanded an apology.

Immigrants Are Subject of Tough Bill in Georgia

By KIM SEVERSON
Gov. Nathan Deal says he will sign a bill, similar to the controversial Arizona legislation, that will allow the police to investigate immigration status and outlawing the use of fake identification to get a job.
BUSINESS

This Yellow Space for Rent

By CATHERINE RAMPELL
Looking for additional revenue, states and municipalities have started selling ad space on government property, including on school buses.

Unions Woo Airport Security Screeners

By STEVEN GREENHOUSE
The 44,000 airport screeners of the Transportation Safety Administration are casting votes on whether to unionize.
DealBook

Mortgage Woes Stall Bank of America's Revival

By BEN PROTESS
The 37 percent decline in Bank of America's earnings reflects the persistent burden of Countrywide Financial, the subprime mortgage lender it bought in 2008.
TECHNOLOGY

U.S. Cracks Down on Online Gambling

By MATT RICHTEL
Prosecutors unsealed fraud and money laundering charges against the operators of three popular poker sites.

Keep Your Thumbs Still When I'm Talking to You

By DAVID CARR
In the digital revolution, it's become fashionable to be rude.

Revenue Rises at Google but Profit Misses Forecasts, and Analysts Point to Spending

By VERNE G. KOPYTOFF
The search engine company gets off to a mixed start under its new chief executive, the co-founder Larry Page.
SPORTS

Walt Frazier Returns - in Style

By RICHARD SANDOMIR
Walt Frazier mixes and matches from more than 100 suits and accessories. "If your suit is popping," he declares, "your tie can't."

A 16 on a Par 4? Hackers Laugh and Cry With a Humbled Pro

By BILL PENNINGTON
Following 16 desperate strokes, Kevin Na, a little-known professional golfer, emerged from the bushes a folk hero at the Texas Open.

New Police Presence Is Hard to Miss Amid Dodger Blue

By GERARD WRIGHT
After an assault outside Dodger Stadium left a Giants fan in a coma, team officials and the Los Angeles police chief delivered on their promise of a "sea of blue" response.
ARTS

One Show Spins Its Last, As Another Takes Shape

By PATRICK HEALY
The last versions of "Spider-Man: Turn Off the Dark" to reflect Julie Taymor's vision are playing on Broadway this weekend.

Philadelphia Orchestra May Declare Bankruptcy

By DANIEL J. WAKIN
The board of the Philadelphia Orchestra plans to vote on Saturday whether to file for Chapter 11.
Music Review

Finding the Soul of Russia Everywhere

By ANTHONY TOMMASINI
Yuri Temirkanov conducted the St. Petersburg Philharmonic Orchestra, founded in 1882, on Thursday night at Carnegie Hall.
NEW YORK / REGION

A Bunker Sets the Scene for Veterans to Exhibit Art

By DAVID GONZALEZ
Lenny Goodstein, a Vietnam veteran, piled up olive-drab sandbags to transform his gallery in Park Slope, Brooklyn, for an exhibit of creations by artists who served in the military.

Bus Was Going 78 M.P.H. Just Before Fatal Crash on I-95, Investigators Say

By PATRICK McGEEHAN
The safety board's report still hasn't determined a cause, but it found that 45 seconds before the crash the bus was at its maximum, 78 miles an hour.

Defense, Treading Carefully, Questions Accuser in Trial of 2 Officers

By JOHN ELIGON
The woman who is accusing two police officers of raping her remained calm and confident during her eight-hour testimony, even going on the attack.
TRAVEL

A Fashion-Forward Guide to Antwerp

By GISELA WILLIAMS
From vintage reproductions made just for you to avant garde designs only available here, this small Belgian city can be a shopper's dream.

How I Fell for Milan

By GUY TREBAY
The city is no welcome wagon, but a few (and often hard-to-find) shops make it all worthwhile.

How to Shop in Paris

By ERIC WILSON
An expert's guide to passing muster in four destination shops in Pairs: Colette, Merci, L'‰claireur and Le Bon Marché.
EDITORIALS
Editorial

One Year Later

There are many lessons from the oil spill, but Congress has yet to learn them.
Editorial

From Pay-to-Play to Jail

Former New York Comptroller Alan Hevesi is the highest-ranking elected official in New York's modern history to go to prison for corruption.
Editorial

Breaking Through on Trade

Republicans and Democrats need to put parochial interests aside and approve the deals that have been snagged on Capitol Hill.
OP-ED
Op-Ed Contributor

Patently Obvious

By DOUG LICHTMAN
Why the legal system should stop protecting dubious inventions.
Op-Ed Columnist

Mitt! Mitt! Mitt!

By GAIL COLLINS
How about a refresher on all the books written by Mitt Romney? Fortunately, there are only two.
Op-Ed Columnist

The Pirates of Capitol Hill

By CHARLES M. BLOW
More tax cuts for the wealthy would simply be gluttony in a time of starvation.
Op-Ed Columnist

About My Support for Natural Gas

By JOE NOCERA
After some pushback from passionate readers, still making the case for "frack, baby, frack."
ON THIS DAY
On April 16, 1947, America's worst harbor explosion occurred in Texas City, Texas, when the French ship Grandcamp, carrying ammonium nitrate fertilizer, caught fire and blew up, devastating the town. Another ship, the Highflyer, exploded the following day. The explosions and resulting fires killed more than 500 people and left 200 others missing.

The Washington Post Today's Headlines: Today's Highlights | Politics | Style | World | Live Discussions | Business

The Washington Post

TODAY'S HEADLINES

TODAY'S HIGHLIGHTS
NATO runs short on munitions in Libya
The limitations of Britain, France and other European countries in sustaining even a relatively small military action over an extended period of time raises doubts about whether the United States can continue to avoid returning to the air campaign if Libyan leader Moammar Gaddafi hangs onto power.
(By Karen DeYoung and Greg Jaffe)

House passes GOP’s 2012 budget blueprint
Voting along party lines, House approves budget plan aimed at privatizing Medicare and dramatically scaling back the size of the federal government.
(By Paul Kane and Philip Rucker)

The courage to raise taxes
Americans will pay for their priorities.
(By Walter Mondale)

Game 2: Capitals hold serve for 2-0 series lead
Jason Chimera and Jason Arnott tally goals as the Capitals defend their home ice with a 2-0 victory in Game 2 to extend their advantage in the Eastern Conference quarterfinals at Verizon Center.
(By Katie Carrera)

Japanese reluctant to ‘eat local’
Leaders urge radiation-wary public to purchase and devour food from the nuclear-emergency zone.
(By Chico Harlan)

POLITICS
A veto on Va. legislative redistricting
Virginia Gov. Robert F. McDonnell’s veto of a bill realigning state legislative boundaries could lead to a lengthy court process and delay the state’s primary scheduled in August.
( by Anita Kumar , The Washington Post)

State Department and former adviser to Uribe are pressed for information in death squads case
WASHINGTON — The State Department and a one-time adviser to former Colombian President Alvaro Uribe (oo-REE’-bay) are being pressed for information in a U.S. court case brought by families of death squad victims in the South American nation.
( Associated Press Associated Press , AP)

Judge denies D.C. rabbi’s request
This month’s D.C. special election will not be extended to accommodate Jews observing Passover, a federal judge has ruled.
( by Mike DeBonis , The Washington Post)

Md. lawmakers end session with unfinished business
Md. lawmakers left with a long list of unfinished business, including debates over boosting funding for transportation and allowing table games at the slots casinos.
( by John Wagner and Ann E. Marimow , The Washington Post)

Google executive who helped spark Egyptian revolt urges the international community to invest
WASHINGTON — The Google Inc. executive who helped spark the Egyptian revolt invited Americans to visit Egypt and urged the world Friday to invest there to ensure the country’s economic success.
( Associated Press Associated Press , AP)


STYLE
Pearly gate crasher
Gene’s new book idea is heavenly.
(, The Washington Post)

Tom Sietsema: Taking Thai in a new direction
Sabai Sabai offers up simple, tasty street fare.
( by Tom Sietsema , The Washington Post)

Editor’s Query
Tell us about a time when a child taught you an important lesson
(, The Washington Post)

On Love
Couple who met at the wedding of a mutual friend interact on the dance floor the way they live their lives.
( by Ellen McCarthy , The Washington Post)

Date Lab: Taking Washington nerdiness to a new level
Two students discuss international affairs and spark a little romance on a blind date.
(, The Washington Post)


SPORTS
Schwartzel sneaks in as defending champion Noh misses cut at Malaysian Open
KUALA LUMPUR, Malaysia — Masters champion Charl Schwartzel narrowly made the cut Saturday to join joint leaders Rory McIlroy and Alexander Noren in the third round of the Malaysian Open.
( Associated Press Associated Press , AP)

Red Bull's Sebastian Vettel takes pole position for F1 Chinese GP
SHANGHAI — Red Bull driver Sebastian Vettel put in another dominant qualifying performance to claim pole position Saturday for the Formula One Chinese Grand Prix.
( Associated Press Associated Press , AP)

Tigers take advantage of three A's errors in 10th, give Jim Leyland 1,500th career victory
OAKLAND, Calif. — An Oakland Athletics defense so reliable in recent seasons is blowing it for the club’s deep and talented pitching staff.
( Associated Press Associated Press , AP)

Dodgers' pitching gets ripped for 19 hits in 11-2 loss to Cardinals
LOS ANGELES — For the second straight game, the Dodgers’ pitching was no match for the overpowering St. Louis Cardinals.
( Associated Press Associated Press , AP)

TV and radio listings: April 16, 2011

(, The Washington Post)


WORLD
5 NATO troops killed in Afghanistan bombing
NATO officials say a suicide bomber killed five soldiers from the international coalition outside a military base in eastern Afghanistan.
( Associated Press Associated Press , AP)

Oil-rich Nigeria, Africa's most populous nation, begins crucial presidential election
KATSINA, Nigeria — Voters in Africa’s most populous nation are deciding Saturday whether to keep their accidental president in power, though unease among Nigeria’s Muslims about the Christian leader could force a runoff in this oil-rich country where elections have long been marred by fraud and violence.
( Associated Press Associated Press , AP)

Afghan president talks peace, security, trade with high-ranking Pakistani officials
KABUL, Afghanistan — Peace talks with the Taliban, trade and security are topping the agenda of Afghan President Hamid Karzai’s talks with high-ranking officials from neighboring Pakistan.
( Associated Press Associated Press , AP)

Indonesian police release picture of face of suicide bomber who blew himself up in mosque
JAKARTA, Indonesia — Indonesia police are attempting to identify the suicide bomber who blew himself up in a mosque as police were praying, wounding 30 people.
( Associated Press Associated Press , AP)

Yemen’s largest tribes press president to leave

( by Ahmed al-Haj , The Washington Post)


LIVE DISCUSSIONS
Election 2012 - The Fix Faceoff Video Q&A
Political blogger Chris Cillizza's fast-paced video Q&A about the 2012 presidential election
(, vForum)

D.C's Biggest Stories: Lunchline's Clinton Yates Breaks Them Down
Clinton Yates is a news junkie and pop culture fanatic who scours The Washington Post and its partner sites every weekday to find the gems that you want to read but don't have time to search for.
(, vForum)

Personal Tech Live with Rob Pegoraro
Rob Pegoraro answers your questions on recent gadget reviews, technology news and provides personal tech buying and fixing advice.
(, vForum)

Grover Norquist discusses the no-tax-increase pledge
Grover Norquist discusses his no-tax-increase pledge for Republicans.
(, vForum)

The Live Fix with Chris Cillizza
Get your Friday Live Fix as Chris Cillizza discusses the Friday Line, the Worst Week in Washington, Congress, the Obama administration and all the latest political news.
(, vForum)


BUSINESS
G-20 nations reach deal on global imbalances blamed for last financial crisis
WASHINGTON — The world’s major nations have put together a new monitoring process that they hope will halt the types of destabilizing economic imbalances that contributed to the worst global downturn since World War II.
( Associated Press Associated Press , AP)

More air traffic controllers working at night is just a start as larger safety issues loom
WASHINGTON — The solution to air traffic controllers dozing on the job may require changes beyond the Federal Aviation Administration’s step of adding a second air traffic controller to overnight shifts at more than two dozen airports around the country.
( Associated Press Associated Press , AP)

Zuckerberg makes surprise appearance at new Prineville, Ore. Facebook data center
PRINEVILLE, Ore. — Facebook CEO Mark Zuckerberg made a surprise appearance Friday night in Prineville, Ore., at a community party for the grand opening of his company’s new data center.
( Associated Press Associated Press , AP)

Internet poker entrepreneurs charged with fraud
NEW YORK — The multi-billion-dollar business of the three biggest Internet poker companies became a target of federal authorities before an indictment was unsealed Friday, charging 11 people with bank fraud and illegal gambling.
( Associated Press Associated Press , AP)

Automakers call for more support for hydrogen
Another proposed cut in hydrogen funding and a DOE review have revived the debate over whether hydrogen cars are a real possibility or a pipe dream.
( by Peter Whoriskey , The Washington Post)

MarketWatch | Weekly Roundup: Top 10 Stories April 11 - 15

MarketWatch
Weekly Roundup
APRIL 15, 2011

MarketWatch Top 10 stories April 11 - 15

By MarketWatch



NEW YORK (MarketWatch) — U.S. stocks fell this past week as the firs- quarter earnings season opened with a bit of a thud as Alcoa and bank of America missed Wall street estimates.

The Dow Jones Industrial Average(DJIA)  fell 0.3%, the S&P 500 (SPX) fell 0.6% and the Nasdaq Composite (COMP)  shed 0.6% as well.

Treasury prices extended gains Friday, pushing yields down for the first week in four, as mounting worries about the debt crisis in Europe made U.S. bonds more attractive.

Also supporting bonds, two readings on inflation and inflation expectations offered some relief to investors worried about inflation eating into bond returns.

In the commodities markets, gold futures climbed Friday to close at a record $1,486 an ounce, up 0.8% for the week, with silver hitting its highest level in over three decades, as inflation concerns buoyed investment demand for the precious metals.

"Gold prices remain supported on the back of its appeal as a hedge against inflation, amidst emerging inflationary concerns in the U.S., Europe and China," analysts at ICICI Bank wrote in a note to clients.

The day's settlement price beat out the previous record close of $1,474.10 an ounce seen a week ago.

Light, sweet crude for May (CLK11) added $1.55, or 1.4%, to settle at $109.66 a barrel on the New York Mercantile Exchange. On the week, however, oil lost 2.8%.

Prices turned higher after a key gauge of consumer confidence showed U.S. investors a bit more optimistic about the economy. Earlier Friday, oil traders reacted favorably to U.S. inflation and industrial production reports.

Also, please be sure to watch our Week Ahead videos for Asia, Europe and the U.S.

 U.S. week Ahead: Apple, Intel, Playbook

 Asia Week Ahead; Japan May Post Trade Deficit

 Europe Week Ahead: Nokia, Phillips in Focus

Greg Morcroft, assistant managing editor

Bank of America profit falls

Bank of America Corp. (BAC) reported a quarterly profit of $2 billion Friday, as the largest U.S. bank by assets saw improvement at its credit-card unit, while investment-banking and trading results declined from the year-earlier period. The company also said it named Bruce Thompson as its chief financial officer, succeeding Chuck Noski, who will become vice chairman. Read MarketWatch coverage of Bank of America earnings

J.P. Morgan profit jumps 67%

J.P. Morgan Chase & Co. (JPM) reported a 67% jump in quarterly profit Wednesday, as credit costs dropped at the second-largest U.S. bank by assets. The bank also increased its quarterly dividend to 25 cents a share from 5 cents a share and set plans to buy back $8 billion in stock this year as part of a $15 billion stock-repurchase program. J.P. Morgan said its first-quarter net income rose to $5.6 billion, or $1.28 a share, from $3.3 billion, or 74 cents a share, in the year-ago period. Read MarketWatch coverage of J.P. Morgan earnings

U.S. consumer inflation rises on gasoline prices

The prices paid by American consumers rose sharply again in March, mainly because of higher gasoline and grocery costs, according to the latest government data.The consumer price index rose 0.5% last month, the Labor Department reported Friday. The so-called core rate rose a lesser 0.1%. Economists surveyed by MarketWatch had expected CPI, which tracks inflation at the retail level, to rise by 0.5% overall, or by 0.2% on a core basis. Read MarketWatch coverage of CPI

Find the safest government debt, in Norway

Is anywhere safe? Wall Street will tell you that government bonds issued by advanced Western countries are the safest investments money can buy.But recent events have made a mockery of that idea. If it weren't for international rescue packages, Greece, Ireland and Portugal surely would have defaulted on their bonds. According to the International Monetary Fund, only a handful of countries are really rock solid.They include Australia and New Zealand, as well as the countries of Scandinavia — Denmark, Finland, Sweden and Norway. Read MarketWatch coverage of safe sovereign debt

Glencore, Groupon poised for big IPOs

Two more companies are maneuvering into position in the busy IPO market: Glencore and Groupon. Both bring an interesting back story to the market.Glencore is the commodity market's 800-pound gorilla. The secretive Swiss-based trading house built its fortune by taking major positions in the world's metals, energy and agricultural markets. In other words, it's heavily invested in real assets — the food we eat, the fuels we burn and the materials we use in manufacturing. Read more on MarketWatch about upcoming IPOs

Last -minute tax tips

The April 18 tax deadline is almost here. Right on the heels of that bad news comes a postal rate hike going into effect on April 17. Only a few cents, but your tax returns might be returned to you, unfiled, if you don't have the extra three cents for tax returns weighing more than one ounce.That's another good reason to e-file, says Pennsylvania attorney Stephen Asbel. We're coming into the final stretch. What do you need to know this weekend? Read MarketWatch coverage of last minute tax tips

Japan's quake rattle business cycle in U.S.

The Japanese earthquake may be having more of an impact on the U.S. economy than previously believed, according to the Federal Reserve's latest Beige Book survey of current economic conditions released on Wednesday. A majority of the Fed's 12 regional districts reported "actual or expected disruptions to sales and production" as a result of the Japan earthquake. Surprisingly most of the districts that reported difficulty as a result of the Japan tragedy were on the East Coast or in the middle of the country. There were no reports of disruptions in California. Read marketwatch report on the Beige Book

What got cut in the 2001 budget resolution deal

The budget deal struck last week by Congress to keep the government from shutting down slashes money for high-speed rail projects and the Environmental Protection Agency but boosts the Pentagon's budget by about $5 billion. The agreement sets final spending levels at $1.049 trillion for fiscal 2011, which ends Sept. 30, and cuts nearly $39 billion from last year's spending levels. That's much less than Republicans sought but bigger than President Barack Obama and Democrats wanted. Read MarketWatch budget compromise cover

Time look tough if you plan to sell your house this spring

It's spring, that time of year when many prospective home buyers begin the hunt for their next residence. But with home-price declines, more foreclosures to come and slow improvements in the employment market, some say it's likely this year's buying and selling season will be another bust."We're all hoping that this spring and summer will bring about a housing rally, but there are too many impediments for that to happen," said Anthony Sanders, a professor of finance and real estate at George Mason University. Read MarketWatch coverage of spring home selling season outlook

Aussies get tough on tobacco, firms vow to fight back

Australia's push to become the first country to mandate cigarette packaging with almost no branding and huge, graphic health-warning labels has inflamed the tempers of tobacco companies, which are vowing to protect shareholder interests by taking their fight to the courts. The proposed laws would mark the latest blow to tobacco firms, already battling volume contraction, swelling illegal trade and global anti-smoking campaigns.But analysts have nonetheless identified some signs of life in the challenged, multi-billion dollar industry, with emerging markets presenting the best opportunities. Read MarketWatch coverage of Australian tobacco sector