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Apr 25, 2011

The Australian | Ping Newsletter: 22,000 join Vodafone legal suit

Ping Newsletter

22,000 join Vodafone legal suit
THE proposed class action against Vodafone Australia over mobile network performance is gaining pace.
PlayStation network shut down indefinitely
INTERNET gamers were frustrated last week when Sony shut down its PlayStation Network. Now, they might have reason to be worried.
App makers decry Apple's slice of pie
APPLE is facing a revolt from makers of prominent apps over plans by the iPhone and iPad maker to take a 30 per cent cut from sales of subscriptions.
Terminated contracts to hurt Vodafone
VODAFONE'S contract fee structure could be hurt by the customers terminating their monthly payments because of poor coverage.
Cities battle over internet domains
A LONG rivalry between Sydney and Melbourne has moved to the web, as both vie to be first to operate an international top-level domain.
An extra dimension takes flight
SONY'S Vaio F 3D-capable laptop is perfect for freaking out your fellow passengers on long plane flights.
Click here for all headlines

More IT Business
App makers decry Apple's slice of pie
22,000 join Vodafone legal suit
Telstra in the dark on storm damage cost
Seek sought and found hardware provider

More Exec Tech
An extra dimension takes flight
Hacking attack downs PlayStation network
Pocket WiFi router a 'must have'
Nokia to support Symbian into 2014

The Economist Selected New Articles: Banyan | Lexington | Free Exchange | Johnson | Babbage | Democracy in America

Banyan examines the open wound that is Tibetan resentment of Chinese rule
Lexington says it would be folly for the West to intervene militarily in Syria
Free exchange pushes back against recent criticism of the Federal Reserve
Johnson notices that for people with multiple accents, context affects which one shows up
Babbage looks at the role online information (and Google) played in Japan's relief effort
Democracy in America notes an academic's suggestion to revive flogging in America

Gerald Celente: Still to Come the Greatest Depression

NYT: Afternoon Business News: Barrick Gold to Buy Equinox Minerals for $7.8 Billion



Barrick Gold to Buy Equinox Minerals for $7.8 Billion

As prices for commodities keep climbing, Barrick Gold has agreed to acquire Equinox Minerals in an all-cash deal.

Jurors Get Rajaratnam Case

Raj Rajaratnam's fate now lies with the teachers, nurses and public servants from Westchester County, Manhattan and the Bronx who serve on the jury of his insider trading case.

Sales of New Homes Rise, but Pace Remains Slow

The rate was up from February but a glut of distressed properties remains a drag on the market.

HSBC Drops Out of Retail Banking in Russia

HSBC joins Barclays of Britain and Banco Santander of Spain in either closing retail branches in Russia or scaling back plans to open them.

Hotels Spruce Up Their Executive Lounges

With business picking up after the recession, many hotel chains are refurbishing the décor, amenities and food in their exclusive retreats for premium customers.

Financial & Forex Info | Kitco New York Market Close Report

New York Market Close Apr 25/11 05:21 PM EDT

Financial & Forex Info | Reuters Technology Report: Netflix profit rises but outlook disappoints


Netflix profit rises but outlook disappoints
April 25, 2011 04:43 PM ET
NEW YORK (Reuters) - Netflix Inc. , the video rental company, reported better-than-expected profit and revenue, but issued an outlook for the second quarter that disappointed investors and sent shares down 5 percent. | Full Article
Nintendo to launch new Wii in 2012 as profit slips
April 25, 2011 10:17 AM ET
OSAKA, Japan (Reuters) - Nintendo Co Ltd said it would launch a successor to its aging Wii game console in 2012 as it struggles to win back users from rivals Microsoft and Sony and seeks to reverse a slump in profits. | Full Article
Yahoo buys TV "check-in" company IntoNow
April 25, 2011 12:58 PM ET
NEW YORK (Reuters) - Yahoo Inc said on Monday it has bought IntoNow, a start-up that enables users to identify and share television programs with their friends, in its continuing drive to boost its social media credentials. | Full Article
Barnes & Noble improves Nook Color to take on iPad
April 25, 2011 01:45 PM ET
NEW YORK (Reuters) - Barnes & Noble on Monday introduced new features to its Nook Color e-reader designed to make the device more competitive with Apple's iPad and to offer more functions that's Kindle does not. | Full Article
Apple's iPad miss prompts cuts in forecast
April 24, 2011 11:41 AM ET
SAN FRANCISCO (Reuters) - Apple Inc surprised no one with yet another quarter packed with spectacular numbers. But a miss in sales targets on the iPad may prompt some to temper their lofty views. | Full Artic

Financial & Forex Info | Reuters - Daily Investor Update: Inflation jitters halt Wall Street rally on quiet day

Inflation jitters halt Wall Street rally on quiet day
NEW YORK (Reuters) - In the lightest volume session of the year, stocks fell after a lowered outlook from Kimberly-Clark heightened concerns about higher commodity costs squeezing profits in coming quarters. | Full Article

Netflix profit rises as it adds more subscribers
April 25, 2011 04:25 PM ET
NEW YORK (Reuters) - Netflix Inc. , the video rental company, reported higher quarterly profit and revenue, adding 3.3 million U.S. customers and cementing its status as the hottest service for TV and movie streaming. | Full Article
Barrick challenges Minmetals with rich Equinox bid
April 25, 2011 04:20 PM ET
NEW YORK/TORONTO (Reuters) - Barrick Gold Corp has agreed to pay C$7.3 billion ($7.68 billion) for Equinox Minerals , pitting the world's largest gold miner against China's Minmetals Resources in a battle for increasingly scarce copper assets. | Full Article
Nasdaq and ICE doubt NYSE-D.Boerse cost savings
April 25, 2011 04:35 PM ET
NEW YORK (Reuters) - Nasdaq OMX Group and IntercontinentalExchange warned NYSE Euronext investors to be "highly skeptical" of the additional cost savings that the NYSE says will result from its friendly merger with Deutsche Bourse. | Full Article
New home sales rebound but market still seen weak
April 25, 2011 04:11 PM ET
WASHINGTON (Reuters) - Sales of new U.S. homes rose in March and the number of new properties on the market was its lowest since the 1960s, but further gains will be hampered by the broader property glut. | Full Article

Syria sends tanks into Deraa where uprising began
April 25, 2011 03:45 PM ET
AMMAN (Reuters) - Syrian troops and tanks poured into Deraa on Monday, seeking to crush resistance in the city where a month-long uprising against the autocratic 11-year rule of President Bashar al-Assad first erupted. | Full Article
Special Report: Is Buffett's teflon finally wearing off?
April 25, 2011 12:26 PM ET
NEW YORK (Reuters) - Aside from maybe the odd cheeseburger stain on his tie, nothing much sticks to Warren Buffett. | Full Article
Air strike flattens building in Gaddafi compound
April 25, 2011 03:20 PM ET
TRIPOLI (Reuters) - NATO forces flattened a building inside Muammar Gaddafi's Bab al-Aziziyah compound early on Monday, in what his officials said was a failed attempt on the Libyan leader's life. | Full Article
Jury deliberates Rajaratnam's fate in insider case
April 25, 2011 04:34 PM ET
NEW YORK (Reuters) - The fate of hedge fund manager Raj Rajaratnam went to the jury on Monday in Wall Street's biggest insider-trading trial in two decades, a case that featured FBI phone taps and former friends who testified against him. | Full Article
Haley Barbour says no to 2012 White House run
April 25, 2011 03:54 PM ET
WASHINGTON (Reuters) - Mississippi Governor Haley Barbour said on Monday he will not run for the Republican presidential nomination in 2012 in a decision that came as a bit of surprise. | Full Article

Arkansas medical marijuana advocates begin petition
China considers financial incentives to promote organ donation
Pediatricians call for stricter laws for chemicals
TB study points to drugs to halt lung destruction
Merck, Qiagen launch Rwandan cervical cancer deal

CBS NEWS | Political Hotsheet: Haley Barbour opts out of presidential race .

The CBS News Political Hotsheet newsletter

Miss. governor says he can't embrace "ten-year commitment" to "all-consuming effort"
Read full story
Haley Barbour opts out of presidential race

Law firm drops DOMA case, partner resigns Lead attorney on case defending Defense of Marriage Act resigns from firm after chairman announces withdrawal from case

Franklin Graham: Trump Prominent Christian Evangelist Franklin Graham says Donald Trump may be his choice for president

White House ratchets up pressure on Syria Outraged by continued attacks on protesters, White House considers new "targeted sanctions" against Assad regime

Giffords Daniel Hernandez, intern who assisted Giffords after gunshot wound, was defeated in bid to be University of Arizona student body president

CBS EVENING NEWS with Kate Couric: Syria Escalates Violent Crackdown

The CBS Evening News with Katie Couric newsletter


Hi everyone,
Syrian leader Bashar Assad sent tanks to attack protesters into the southern city of Daara today. It's the latest nasty episode in the bloody crackdown on dissent in Syria. Barry Petersen reports from London - as foreign journalists have been barred from Syria. The latest document dump from WikiLeaks concerns Guantanamo inmates - including profiles of some of the most notorious al Qaeda leaders. David Martin takes a look. Astronaut Mark Kelly delivered some terrific news when I interviewed him. His wife, the wounded Congresswoman Gabrielle Giffords, will be able to attend his launch on Friday. Kelly says Giffords is now playing Scrabble and recovering more each day. After tonight's broadcast, I'll be heading off to London for the royal wedding. Tonight, Elizabeth Palmer reports on the security operation - the most expensive in British history. And Michelle Miller looks at past royal weddings. Rarely are they "happily ever after," but they always play a big role in shaping history. Katie Couric

Conn. Gov. fights for undocumented immigrant Mariano Cardoso Jr., an undocumented Mexican immigrant who grew up in America, gets help fighting deportation from politicians

L.A.'s new teacher evaluation gets mixed grades "Value added analysis" debuts in L.A. public schools to grade teacher performance; even proponents admit it's not perfect

L.A. residents ask: Is graffiti art? (POLL) Major Los Angeles art museum puts graffiti on display; For many locals, graffiti is just a nuisance

MarketWatch | Personal Finance Daily: You're richer than you may realize

Personal Finance Daily
APRIL 25, 2011

Monday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:

What's your potential worth? Probably quite a bit. There's your future income, salary increases, bonuses, perhaps, or the opportunity to work overtime, and more. So are you taking it into consideration in your overall financial planning? As Andrea Coombes notes today in her Ways and Means column, the idea of "human capital" isn't new among economists and financial planners — yet almost no financial planning tools factor human capital into retirement planning. As one example, you should be diversifying and protecting your investment portfolio, right? Human capital can offer another angle on that: If you work in the technology industry, you might not want to have too much exposure to technology stocks. And you'll want to protect your human capital with life and disability insurance. Look on the bright side — you may be richer than you realize.

Anne Stanley , Managing Editor, Personal Finance


You're richer than you may realize

Most people look at their 401(k) or other retirement plan, add in the value of other assets, then subtract debt to get their net worth. But what's the value of you? That is, how much are your future paychecks worth? That number is your "human capital" — and some experts say it should be a key part of your overall financial planning.
Read more: You're richer than you may realize.

Rising oil, falling dollar reset travel plans

Whether you're planning a hike through the Grand Canyon or a tour of Tuscany this summer, expect to pay more to get there and to spend the night.
Read more: Rising oil, falling dollar reset travel plans.

More shoppers value good service, survey says

Companies have rolled out numerous social-networking tools, instant messaging programs and text-messaging systems to handle customer-service inquiries. But even though increasing numbers of people are comfortable with new communications technology, it's apparently not how they want to interact with companies.
More shoppers value good service, survey says.


2012 Honda Civic: first look

The ninth-generation of the Honda Civic, made in the U.S., has the goods to keep up with tough competition.
Read more: 2012 Honda Civic: first look.


Funding for housing help gets budget ax

Millions in federal funding for housing counseling services have been slashed for the 2011 fiscal year — funds that pay for U.S. Department of Housing and Urban Development-approved counselors to work with first-time home buyers, older homeowners considering a reverse mortgage and borrowers heading dangerously close to foreclosure.
Read more: Funding for housing help gets budget ax.

The foreclosure prevention program that works

As Republicans try to kill an Obama administration foreclosure prevention program that even Democrats agree hasn't lived up to expectations, a program in Pennsylvania is being lauded for being simpler, cheaper and more effective.
Read more: The foreclosure prevention program that works.

U.S. new-home sales rise 11.1% in March

The latest data mark a mild improvement from the worst-ever showing, as the dampening effect of winter storms and an expiring California tax credit wore off.
Read more: U.S. new-home sales rise 11.1% in March.


Answers to questions about funds and investing

Recent columns about mutual fund investing have had readers asking questions. Here's what they wanted to know.
Read more: Answers to questions about funds and investing.


Sluggish recovery makes us lose our faith

If we cannot wait 15 minutes for rice to cook, or a day for the DVD to arrive in the mail, we certainly cannot wait six years for the economy to recover, writes Rex Nutting.
Read more: Sluggish recovery makes us lose our faith.

IMF bombshell: Age of America nears end

The International Monetary Fund has just dropped a bombshell, and nobody noticed.
Read more: IMF bombshell: Age of America nears end.

Bumbling Gordon Brown does the world a favor

Gordon Brown missed his chance to lead the International Monetary Fund, and now it's the turn of the developing world to head up the organization.
Read more: Bumbling Gordon Brown does the world a favor.

Money Show : Daily Trading Alert : Why is Time to short the Euro

Daily Trading Alert

Tips for Traders
Why It’s Time to Short the Euro
, Adam Kritzer
Options Idea
Repairing Bad Stock Trades with Options
, Dan Passarelli
Charts in Play
3 Strongest Regional Bank Charts
, Tom Aspray
Currency Corner
Trading an Uncertain Dollar This Week
, Brian Dolan
Trading Idea of the Day Preps for Push Higher
, Greg Harmon
Daily Market Studies
Trading Outlook for Today: April 25
, Daniel Gramza Exclusive Interviews
Oil Spread Trade That’s Pretty Slick
, Hubert Senters
Today's Featured Videos
Support and Resistance—A Simple Tramline Trading Method
, John Burford
Trading Stocks After Earnings
, Scott Redler

Financial & Forex Info | Sales of New Single Family Homes Down 21.1% from a year ago and M/F 2011 Seasonally Adjusted up 11.1%

Economics and Statistics Administration Logo
Sales of new single-family homes in March 2011 were 300,000 at a seasonally adjusted annual rate, up 11.1% from the revised February level but down 21.9% from their year-ago level.

MarketWatch | Market Pulse: U.S. stocks opened mostly lower on Monday

By Kate Gibson

NEW YORK (MarketWatch) -- U.S. stocks opened mostly lower on Monday as the benchmark indexes faced resistance near three-year highs and as investors tracked escalating energy costs. The Dow Jones Industrial Average /quotes/comstock/10w!i:dji/delayed DJIA -0.12% fell 17.94 points to 12,488.05. The Standard & Poor's 500 Index /quotes/comstock/21z!i1:in\x SPX -0.08% fell 1.06 point to 1,336.32. The Nasdaq Composite /quotes/comstock/10y!i:comp COMP +0.11% rose 2.29 points to 2,822.49.

CBSNEWS | Daily News Summary: Doctors clear Giffords to attend shuttle launch

CBS - Daily News Summary
April 25, 2011 | DAILY NEWS SUMMARY

Mark Kelly, Rep. Giffords' husband, tells Katie Couric in exclusive interview to air Monday how his wife is progressing Preview
Read full story
Doctors clear Giffords to attend shuttle launch
Mt. Athos: A visit to the Holy Mountain "60 Minutes" gets extremely rare access to the monasteries at Mt. Athos Video  Photos

Latest WikiLeaks target: Guantanamo Bay Several media outlets release reports on Guantanamo Bay from another large, once-classified cache of WikiLeaks documents

Colorado bomb suspect recently out of prison Authorities identify man in attempted bomb plot as Earl Albert Moore, say he should be considered dangerous

NATO targets more of Qaddafi's command center Tripoli compound hit by airstrikes; Regime continues rocket attacks on rebel-held Misrata

Unprotected Wi-Fi getting owners in trouble Cases throughout the world show danger of pedophiles and online thieves taking advantage of unsecured wireless routers

Doctors clear Giffords to attend shuttle launch Mark Kelly, Rep. Giffords' husband, tells Katie Couric in exclusive interview to air Monday how his wife is progressing

Syrian troops step up crackdown, kill at least 5 Reports come from witnesses, anti-government activists; They say military hitting at least three cities; Dozens detained

Hundreds of Taliban escape Afghan jail via tunnel Officials: Many of the roughly 475 inmates were Taliban insurgents; Taliban militants dug the 1,000-foot tunnel in Kandahar