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Apr 26, 2011

Financial & Forex Info | The Australian Capital Circle: Abbott talks carbon as Gillard courts China





Capital Circle Newsletter

Abbott talks carbon as Gillard courts China
 
Tony Abbott celebrates a year since the CPRS died as Julia Gillard woos resource-hungry China

PM's Diary: Julia Gillard is in China where she will meet today with president Hu Jintao. Back home, Acting Prime Minister Wayne Swan will stand up this morning to discuss the latest CPI figures, which are expected to show the impact of floods and Cyclone Yasi on fruit and veg prices.
Tony Abbott is in Whyalla visiting a OneSteel plant to discuss the impact of Labor's carbon tax. The trip follows warnings from SA AWU state sec Wayne Hanson that industrial towns like Whyalla would be "wiped off the map" by the tax.
Unhappy anniversary: It seems so long ago, but today is exactly 12 months since we learned Kevin Rudd was to dump his CPRS - at the urging of colleagues including Julia Gillard - setting in train his own dumping by caucus. The clock is now ticking on Ms Gillard's attempts to put a price on carbon. This time it's her own job on the line.
Kimberley v Saints: Errant St Kilda footballers will have to watch out, with former Gillard press sec Kimberley Gardiner the new comms chief at the club. The no-nonsense Gardiner worked for Julia Gillard in opposition and as deputy prime minister, before moving north to work for Anna Bligh.
Island Jaunt: Tony Abbott was on Christmas Island yesterday to see first hand the recent destruction wrought by rioters. Tone being Tone, there was also a pre-dawn workout and swim with AFP officers, with TV camera in tow. As Paige Taylor reports, he also found time to enjoy some shots at the bar with workers, and told a blonde woman in the Christmas Island pub that she was "better looking than Julia". But asked on AM this morning whether he spoke to any asylum seekers during the visit, Mr Abbott was somewhat evasive.
***SigRead more...

NFA takes emergency enforcement action against Texas Commodity Trading Advisor FIN FX LLC and its principa


Financial & Forex Info | Reuters - Technology Report




News
An unauthorized person stole names, addresses and other personal data belonging to about 77 million people who have accounts on Sony's PlayStation Network, Sony said. The person gained access to people's names, addresses, email address, birthdates, usernames, passwords, logins, security questions and more, Sony said on its U.S. PlayStation blog.

Amazon.com’s quarterly sales beat expectations but earnings fell steeply as it spent heavily on everything from online multimedia services to its Kindle e-reader. Net income for the world's largest online retailer was $201 million, down 32.8 percent from $299 million, a year earlier. Revenue was $9.86 billion. "This is another investment year...It's probably not going to be until Q4 that we see some leverage from that," Lazard Capital Markets' Colin Sebastian said.

Facebook began offering users in five U.S. cities Deals coupons, offering discounted prices or access to limited-availability goods. Facebook became the latest Internet heavyweight to jump into the daily deals market pioneered by Groupon. Last week, Google began marketing a new daily deals service called Offers to users in Portland, with plans to expand to San Francisco and New York, and Amazon.com invested $175 million in LivingSocial in December. Facebook will take a cut of each transaction, though declined to say how much.

Google’s Android beat out Apple's iOS in a Nielsen survey of smartphone operating system market share. In March, 50 percent of smartphone owners who bought one in the past six months said they had chosen an Android device; 25 percent said they bought an iPhone; and 15 percent said they had picked a Blackberry phone. Of current smartphone owners, 37 percent owned an iPhone; 27 percent owned an iPhone; and 22 percent owned a BlackBerry. The numbers mean Apple’s market share is "dead in the water", writes Business Insider’s Henry Blodget.

Sony launched its first tablet computers in an ambitious attempt to grab the No.2 spot from Samsung in a fast-growing market dominated by Apple's iPad. Sony is banking on the unusual, off-center design of its "S1" tablet and access to first generation PlayStation games and other networked content to differentiate its products from the flood of tablets in the market. Sony gave no clues on how much it will charge for its glossy black slate or clamshell tablet.

NYT: Afternoon Business News: Sarkozy Supports Italian Official to Lead Central Bank



BUSINESS

Sarkozy Supports Italian Official to Lead Central Bank

By LIZ ALDERMAN and JUDY DEMPSEY
The French president's decision to support Mario Draghi as head of the European Central Bank creates a problem for the German chancellor.

U.S. Home Prices Fell Again in February

By DAVID STREITFELD
The decline leaves housing prices on the verge of a new low for a real estate downturn that seems to have no end.
Media Decoder Blog

Couric Confirms Departure From CBS

By BILL CARTER
ABC has emerged as the dark-horse candidate to land Katie Couric's planned syndicated show.

Smaller Cars Lift Ford's Profit to $2.55 Billion

By NICK BUNKLEY
It was Ford's best first quarter since 1998, despite a shift to smaller cars, which usually result in lower profits.
Media Decoder Blog

Aflac Finds Its New Duck on the ... Web

By STUART ELLIOTT
A Minnesota radio executive who auditioned online has been selected by Aflac to provide the voice of its duck character in commercials.

Financial & Forex Info News | Reuters - Daily Investor Update: Strong earnings drive S&P through key level












News
LATEST NEWS
Strong earnings drive S&P through key level
NEW YORK (Reuters) - A fresh batch of corporate results pushed stocks to their best levels since June 2008 on Tuesday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise. | Full Article

Amazon profit falls 32.8 percent though sales soar
April 26, 2011 04:34 PM ET
NEW YORK (Reuters) - Amazon.com Inc reported that first-quarter sales rose 38.2 percent, above analysts' forecasts. | Full Article
Ford posts best first-quarter profit in 13 years
April 26, 2011 03:01 PM ET
DETROIT (Reuters) - Ford Motor Co reported its best first-quarter profit since 1998 as higher prices for redesigned vehicles including its small Fiesta more than offset pressure from spiking commodity and oil prices. | Full Article
Consumers perk up but home prices fall again
April 26, 2011 01:30 PM ET
NEW YORK (Reuters) - Consumers perked up a bit in April as they lowered their forecasts for inflation and worried less about the jobs market, but yet another fall in house prices underscored the challenges facing the recovery. | Full Article
Rajaratnam jury asks to hear call replays
April 26, 2011 02:01 PM ET
NEW YORK (Reuters) - The jury in Raj Rajaratnam's insider trading trial asked to listen to replays of nine FBI phone taps of the hedge fund manager chatting and chuckling in conversations central to government allegations that he ran a web of informants to leak corporate secrets. | Full Article
US TOP NEWS
European governments condemn Syria
April 26, 2011 03:37 PM ET
AMMAN (Reuters) - Security forces deployed in a suburb of the Syrian capital and in the city of Banias on Tuesday, witnesses said, even as President Bashar al-Assad drew international criticism for sending in tanks to crush a revolt. | Full Article
Fed seen signaling no rush for the exit
April 26, 2011 03:22 PM ET
WASHINGTON (Reuters) - The Federal Reserve kicked off a two-day meeting on Tuesday that will probably show that it is in no hurry to scale back its massive support for the economic recovery. | Full Article
Third air traffic controller fired for sleeping
April 26, 2011 12:57 PM ET
WASHINGTON (Reuters) - A third air traffic controller has been fired for sleeping on the job, even as some say naps should be allowed during working hours to enhance controller attentiveness. | Full Article
Yemen deal may be done within week: officials
April 26, 2011 04:21 PM ET
SANAA (Reuters) - An agreement brokered by Gulf Arab states for Yemeni President Ali Abdullah Saleh to give up power could be finalized within a week, officials said on Tuesday, as Yemen struggles to avoid plunging deeper into chaos. An opposition official said the Secretary-General of the Gulf Cooperation Council, Abdullatif al-Zayani, was expected to visit the capital Sanaa on Wednesday with an invitation to a signing ceremony on Monday in Riyadh. | Full Article
U.S. and Britain aim to step up pressure on Gaddafi
April 26, 2011 04:17 PM ET
TRIPOLI (Reuters) - British and U.S. officials met on Tuesday to discuss how to step up military pressure on Muammar Gaddafi, as the Libyan leader's army fought fierce clashes with rebels in besieged Misrata. | Full Article
HEALTH NEWS
Arkansas medical marijuana advocates begin petition
Guidelines help prevent heart attack deaths
Kremlin head wants new nuclear rules post-Chernobyl
Missed or late medicine doses common in epileptic kids
Not all pneumonia patients need a chest X-ray

CBS NEWS Political Hotsheet: Obama pushes back on oil subsidies

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
President Obama sent House Speaker John Boehner a letter saying he should follow through on his willingness to cut oil subsidies
Read full story
Obama pushes back on oil subsidies

Gingrich stars in GOP presidential contender to co-host movie grounded in notion that America is the best country in the world

Who is Eric Cantor? Jeopardy contestants stumped Contestants on "Jeopardy" fail to name the House majority leader

Dueling ads: A Medicare debate, or a budget debate? Democrats and Republicans are both launching ads on budget votes, but their messages are very different

Boehner: No guarantees on debt limit vote Speaker says vote on debt ceiling increase "could not happen," indicates openness on cutting tax incentives to oil and gas companies

CBS Evening News with Kate Couric:


The CBS Evening News with Katie Couric newsletter
EVENING NEWS TOP STORIES    



 
Hi everyone,
We're broadcasting from London, as we count down to Friday's royal wedding. But tonight's big news is at home where severe weather is pounding the nation's midsection. Cynthia Bowers is in Missouri, where the Black River is overflowing its banks. Don Teague reports from Arkansas, where tornadoes and floods have now killed nine people. Think gas prices are too high? What about coffee? Prices for Arabica beans have hit a 34 year high because of a severe shortage in coffee-producing nations. As Bill Whitaker reports, your caffeine fix may soon get a lot more costly. Rep. Paul Ryan (R-WI) has become a key figure in the battle over the nation's growing debt. His plan for cutting Medicaid and other programs has made him a hero in some circles, but he's also heard boos as he tours his district. Nancy Cordes goes along as Ryan hosts several "town meetings" today. It's a touchy subject here in London - who's invited to the wedding of William and Kate, and who's not. Mark Phillips reports on the butcher and pub owner who were invited - while Tony Blair and Gordon Brown were not. And Michelle Miller takes a look at the gargantuan task of planning a wedding for the ages. Katie Couric
CouricandCo@cbs.com


LATEST HEADLINES
Giffords' personality Astronaut Mark Kelly tells Katie Couric his wife's communication improves "every day or every week"

The romps and romances of the British mornarchy While royal love affairs rarely lead to "happily ever after," modern Britain was built upon the monarchy's strongest marriages

Unprecedented security surrounds royal wedding Police seek balance between safety and allowing the 600,000 expected to attend to enjoy the event

Reuters UK | Evening News: European leaders urge Syria to end violence

Reuters




today's headlines

European leaders urge Syria to end violence
Manufacturers make muted start to second quarter
Andrew Marr's confession fuels privacy debate
U.S. and Britain to step up pressure on Gaddafi
Economic situation still difficult - Osborne
Sony chases Apple with launch of Android tablet
Deal on Yemen crisis may be done next week - officials
Spanish borrowing costs jump and Greek debt shunned
Kremlin chief wants new nuclear rules post-Chernobyl
Senior Qaeda leader in Afghanistan killed - NATO
   

more details

European leaders urge Syria to end violence
26 APR 2011 15:01 BST
AMMAN (Reuters) - European governments urged Syria on Tuesday to end violence against demonstrators after President Bashar al-Assad sent tanks to crush opposition in the city of Deraa where an uprising against his rule first erupted.

Full Article
Manufacturers make muted start to second quarter
26 APR 2011 14:09 BST
LONDON (Reuters) - Manufacturers made a lacklustre start to the second quarter of 2011, with orders unexpectedly weakening in April, a survey showed on Tuesday, suggesting the recovery of the UK economy remains fragile.

Full Article

Andrew Marr's confession fuels privacy debate
26 APR 2011 14:09 BST
LONDON (Reuters) - A BBC television journalist has disclosed that he won a court order to prevent newspapers from reporting details of an extra-marital affair, fuelling a debate on individual privacy versus press freedom.

Full Article
U.S. and Britain to step up pressure on Gaddafi
26 APR 2011 15:38 BST
TRIPOLI (Reuters) - Britain and the United States plan to step up military pressure on Muammar Gaddafi on Tuesday, as the Libyan leader's army presses its bloody siege of the rebel-held city of Misrata.

Full Article
Economic situation still difficult - Osborne
26 APR 2011 14:10 BST
LONDON (Reuters) - Britain's economy still faces difficulties but government policy is on the right track, Chancellor George Osborne said on Tuesday, a day before the release of first-quarter GDP data.

Full Article
Sony chases Apple with launch of Android tablet26 APR 2011 14:15 BST
TOKYO (Reuters) - Sony launched its first tablet computers on Tuesday in an ambitious attempt to grab the No.2 spot from Samsung in a fast-growing market dominated by Apple's year-old iPad.

Full Article
Deal on Yemen crisis may be done next week - officials
26 APR 2011 14:09 BST
SANAA (Reuters) - A Gulf Arab deal for Yemeni President Ali Abdullah Saleh to cede power could be finalised next week, Gulf officials said on Tuesday, as Yemen struggles to end a political crisis that threatens to plunge it into chaos. A senior opposition leader said the Secretary-General of the Gulf Cooperation Council, Abdullatif al-Zayani, was expected to visit capital Sanaa within days to determine the time and venue for signing a deal requiring Saleh to step down within 30 days.

Full Article
Spanish borrowing costs jump and Greek debt shunned
26 APR 2011 15:00 BST
MADRID/LONDON (Reuters) - Spain's short-term borrowing costs jumped Tuesday as euro zone markets returned from the Easter break still fretting about a potential Greek debt restructuring with knock-on effects on other sovereigns.

Full Article
Kremlin chief wants new nuclear rules post-Chernobyl
26 APR 2011 14:08 BST
CHERNOBYL, Ukraine (Reuters) - Russian President Dmitry Medvedev, speaking at the site of the Chernobyl nuclear disaster in Ukraine, called on Tuesday for new world rules to be drawn up on safety at nuclear plants.

Full Article

Senior Qaeda leader in Afghanistan killed - NATO
26 APR 2011 14:44 BST
KABUL (Reuters) - NATO-led forces in Afghanistan said on Tuesday they had killed a senior al Qaeda leader and the second most wanted insurgent in the country in an airstrike in eastern Kunar province, bordering Pakistan, ending a near four-year manhunt.

Full Article