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Dec 20, 2011

NYT Global Update: Mass March by Cairo Women in Protest Over Soldiers' Abuse

Global Update


TOP NEWS

Mass March by Cairo Women in Protest Over Soldiers' Abuse

By DAVID D. KIRKPATRICK
The demonstration that grew by the minute into an extraordinary expression of anger at the treatment of women by the military police.

Sunni Leader in Iraq Denies Ordering Assassinations

By MICHAEL S. SCHMIDT
The political crisis in Iraq deepened on Tuesday, as Tariq al-Hashimi said that Shiite-backed security forces had induced false confessions against him.

Son Among Mourners as North Korea's Kim Lies in State

By CHOE SANG-HUN
Kim Jong-un, thrust into prominence after his father's sudden death, visited Kim Jong-il lying in a glass casket on Tuesday as the regime rallied to move the country behind its young new leader.
Multimedia

Video: TimesCast

Images of a woman beaten by Egyptian soldiers sparks protests | A sectarian political rift in Iraq | Newt and Callista Gingrich's production company
Opinion

Opinionator

It's Time to Rethink 'Temporary'

By ALLISON ARIEFF
There are compelling reasons right now to move away from static architecture and embrace impermanence.
WORLD

In Kim's Undetected Death, Sign of Nation's Opacity

By MARK LANDLER and CHOE SANG-HUN
For South Korean and American intelligence services to have failed to pick up clues right away about Kim Jong-il's death attests to the secretive nature of North Korea.

New Weight on U.S.-South Korea Relations

By MARK LANDLER and JOHN H. CUSHMAN Jr.
The United States' close ties with the South are likely to prove crucial as the two countries navigate through the perilous days ahead.

China Exerts Influence Nurtured Over Decades

By EDWARD WONG
China appears to be moving quickly to try to ensure stability in North Korea, a crippled and isolated nation now facing a leadership transition fraught with dangers.
BUSINESS

Looking to Streamline Airport Security Screenings

By NICOLA CLARK and JAD MOUAWAD
With global air traffic growing about 5 percent a year, industry executives and security experts say a fundamental rethinking of security checkpoints is inevitable.

Successful Spanish Debt Auction

By DAVID JOLLY
Spain's borrowing costs plummeted as the European Central Bank began rolling out a new lending program that could encourage banks to buy euro-zone government bonds.

Japan Picks Lockheed to Build Its Next Fighter Jet

By HIROKO TABUCHI
The decision by Japan to choose Lockheed Martin's F-35 jet as its next main fighter reflected a desire to tighten its ties with the United States in the face of concerns over China and North Korea.
TECHNOLOGY

U.S. Backs Apple in Patent Ruling That Hits Google

By NICK WINGFIELD
The maker of the iPhone won a battle against Google on Monday in a struggle for global cellphone supremacy.

Oracle Sales Miss Forecasts, Shares Plunge

By REUTERS
Technology giant Oracle Corp's profit and sales missed Wall Street forecasts, sending its shares plunging 8 percent and raising concerns that a global economic slowdown will hurt tech spending.
DealBook

Deutsche Telekom Ponders a New Deal for T-Mobile

By KEVIN J. O'BRIEN
The firm could seek an American partner like Sprint Nextel or the Dish Network Corporation to merge with T-Mobile USA following the collapse of its sale to AT&T.
SPORTS

The Man Who Can Make or Break Manchester City

By ROB HUGHES
Mario Balotelli has the talent to win a game by himself, but his quirks and temper could also spell doom for City as it chases a league title.

Sprinter Leaves Humiliation Behind

By JERÉ LONGMAN
After serving a suspension for an embarrassing case of accidental doping, the sprinter LaShawn Merritt is making the most of his chance to compete in the London Games.

Rangers Win Bid to Negotiate With Darvish for $51.7 Million

By DAVID WALDSTEIN
Texas has 30 days to work out a deal with Yu Darvish or the Japanese right-hander must return home to pitch next year.
U.S. NEWS

Pecan Thieves in Georgia Enjoying a Windfall, at $1.50 a Pound

By KIM SEVERSON
Pecans that carpet thousands of acres of orchards in Georgia can be cashed in for as much as $1.50 a pound, about 30 nuts.

In Great Lakes States, a Divide Over the Asian Carp

By MONICA DAVEY
A voracious species with the potential to upend ecosystems is already in the Mississippi River. But how big is the risk to the Great Lakes?

Republicans in House Reject Deal Extending Payroll Tax Cut

By BRIAN KNOWLTON
The House vote also calls for establishing a negotiating committee so the two chambers can resolve their differences, but the Senate has left town for the year.
OPINION
Patrick Chappatte

Death of Kim Jong-il

Kim Jong-il, the North Korean leader, died on Dec. 17 of a heart attack, according to the country's state-run media.
Op-Ed Contributor

The Substance of a Winner

By DUNCAN JEPSON
Those who knew Able One knew he would kick up a gear - if his legs would let him, his heart would carry him.
Op-Ed Contributor

A Chance for North Koreans

By JOHN LEE
The rise of a relatively weak Kim Jong-un holds out hope for a better future for the country's 23 million citizens.

NYT Afternoon Business New: Looking to Streamline Airport Security Screenings

BUSINESS

Looking to Streamline Airport Security Screenings

By NICOLA CLARK and JAD MOUAWAD
With global air traffic growing about 5 percent a year, industry executives and security experts say a fundamental rethinking of security checkpoints is inevitable.

Markets Jump in U.S. and Europe on Hopeful Signs

By CHRISTINE HAUSER
Stocks and the euro rose on economic data on the housing sector in the United States and brighter signs from the euro zone.

Fed Proposes New Capital Rules for Banks

By REUTERS
The plan for capital and liquidity requirements would be introduced in two phases and would not be likely to go beyond international standards.

Financial and Forex Info News | Kitco New York Market Close Report



New York Market Close Dec 20/11 05:23 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1615.20
1616.20
21.30
1.34%
1595.70
1619.80
Silver
29.56
29.66
0.76
2.64%
28.79
29.74
Platinum
1429.00
1437.00
21.00
1.49%
1406.00
1443.00
Palladium
625.00
631.00
18.00
2.97%
605.00
634.00

Financial and Forex Info News | The Australian Capital Circle: Abbott spurns asylum-seeker talks



Abbott spurns asylum-seeker talks
 
THE political stand-off over asylum seekers continues, with both sides playing tough.

Acting Prime Minister Wayne Swan is in Brisbane. He has a day of meetings ahead and no media appearances scheduled. Julia Gillard is on leave.
Tony Abbott is in Sydney. The Oppositon Leader gave a long interview to Sydney radio station 2GB today, talking about the asylum-seeker impasse. Mr Abbott said the letter sent by the Prime Minister to him was "basically a press release" and that a "meeting without an agenda is basically a media stunt". He said the Coalition wanted to find common ground with Labor, adding "we'd be perfectly happy for people to go to Papua New Guinea".
First off: The impasse dominates front pages again today. The Australian leads off with a report that Immigration Minister Chris Bowen has attacked the humanitarian credentials of the Australian Greens. The Sydney Morning Herald leads off with a report that former immigration minister Philip Ruddock has said a compromise asylum deal could include Labor's preferred option of processing in Malaysia. Coalition immigration spokesman Scott Morrison spoke to ABC 7.30 last night about the impasse.
Front pages: The Australian; The Herald Sun; The West Australian; The Sydney Morning Herald; The Advertiser; The Age; The Daily Telegraph; The Courier Mail; The NT News; The Hobart Mercury;
Read more...
 
Mumble
Peter Brent
Peter Brent
 
Poshest in parliament?
Who has the plummiest accent in federal Parliament? Until 2008 the answer was easy: Alexander Downer. But now it’s not so clear.
 
More Peter Brent

DealBooK | FealB%K Afternoon Edition: Greenhill Says 2 Executives Died in Plane Crash


Tuesday, December 20, 2011
TOP STORY
Greenhill Says 2 Executives Died in Plane Crash
Greenhill Says 2 Executives Died in Plane Crash Greenhill & Company said on Tuesday that two senior executives, Jeffrey F. Buckalew and Rakesh Chawla, died in a plane crash in northern New Jersey.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    Deutsche Telekom Ponders a New Deal for T-Mobile The firm could seek an American partner like Sprint Nextel or the Dish Network Corporation to merge with T-Mobile USA following the collapse of its sale to AT&T.
    T-Mobile and AT&T: What's $2 Billion Among Friends? AT&T says the breakup fee for ending the T-Mobile USA takeover attempt is $4 billion. Deutsche Telekom values the fee at $6 billion. The difference, it seems, is a matter of accounting.
    'No Plan B' for T-Mobile
    'No Plan B' for T-Mobile Deutsche Telekom of Germany still faces long-term problems with its American subsidiary, T-Mobile USA, after the proposed $39 billion takeover by AT&T was scrapped on Monday.
    Cracker Barrel Claims Victory Over Activist Investor Cracker Barrel Old Country Store announced on Tuesday that all of its directors had been re-elected, denying a board seat to the activist investor who owns the Steak 'n Shake line of restaurants.
    Judge Again Delays Plea in UBS Trader Case
    Judge Again Delays Plea in UBS Trader Case The case of Kweku M. Adoboli, the former UBS trader facing fraud charges related to a $2.3 billion loss, was postponed by a month after his new lawyer said Mr. Adoboli needed more legal advice.
    Jefferies Crows Over Surviving a Tough Fourth Quarter Richard B. Handler, the firm's chief, boasted about successfully navigating through choppy waters and turning in a better-than-expected quarterly profit.
    Jefferies Reports $39 Million Profit The Jefferies Group, grappling with choppy markets that have crimped once highly lucrative trading operations and facing questions about its European debt holdings, reported a $39 million fourth-quarter profit.
    Talbots Rebuffs Buyout Offer From Sycamore The struggling women's fashion retailer says it plans to explore strategic alternatives, essentially putting itself on the block.
    British Tax Office Assailed for 'Cozy' Ties With Big Companies Goldman Sachs, Vodafone and other big businesses were treated too favorably by British tax officials, potentially costing the nation billions of pounds of revenue as a result, according to a government report released on Tuesday.
    Dexia to Sell Luxembourg Unit to Qatari Fund for $952 Million Dexia, the Belgian-French bank that has been bailed out twice in three years, agreed on Tuesday to sell most of its Luxembourg operations to a Qatari investment group.
    BUZZ TRACKER
    V.C.'s in the Front Seat In homage to "Friday," the YouTube anthem of 2011, the partners of venture firm First Round Capital and their portfolio companies channeled their best Rebecca Black for this year's holiday video. The team, led by a head-bopping Josh Kopelman and Howard Morgan's dance moves, astutely points out that "the next round is second round and the third round comes afterwards."
    Mumbai's Market Malaise Think Wall Street is an unhappy place? Dalal Street, the equivalent in India, has been "particularly dismal" of late amid a slump in the main Bombay Stock Exchange index, writes Neha Thirani on the India Ink blog.
    LOOKING AHEAD
    Economic Reports Data released on Wednesday will include sales of existing homes for November.
    Corporate Earnings Companies reporting results on Wednesday will include Bed Bath & Beyond, KB Home and Walgreen.
    In Europe The European Union's highest court is expected to give its final ruling on Wednesday on a European law that would require all airlines to pay a fee for their carbon emissions.
     

Stocks and Markets in The News | Corporate Profits: Oracle reports 2% earnings rise

By Rex Crum 

SAN FRANCISCO (MarketWatch) -- Oracle Corp. ORCL -8.85% on Tuesday reported a fiscal second-quarter profit of $2.2 billion, or 43 cents a share, on revenue of $8.8 billion. Excluding one-time items, Oracle would have earned $2.8 billion, or 54 cents a share. During the same period a year ago, Oracle earned 51 cents a share on $8.6 billion in sales. Analysts surveyed by FactSet Research had forecast Oracle to earn 57 cents a share, on revenue of $9.23 billion.

CBS News | Political Hotsheet Top Stories: Jindal touts Perry leadership on Iowa trail

The CBS News Political Hotsheet newsletter
CBS POLITICAL HOTSHEET TOP STORIES    



   
Louisiana governor also coaches Perry on his own tax plan
Read full story
Jindal touts Perry leadership on Iowa trail

Obama to House Republicans: Obama lambastes GOP for blocking plan to extend payroll tax cuts for two months; Boehner says he needs Obama "to help out"

Ron Paul disavows racist newsletters in his name GOP candidate restates that he was not responsible for 1980s and 1990s newsletters with incendiary comments about blacks, AIDS patients

House rejects payroll tax cut compromise Obama continues to urge House vote on Senate's payroll tax cut bill; Boehner asks president to call Senate back to make a deal

Influential Iowa evangelical backs Santorum Bob Vander Plaats backs Rick Santorum after signalling support for Newt Gingrich; Family Leader stays neutral

Stocks and Markets in the News | Options: AT&T options limited after T-Mobile quashed.


MarketWatch
By Russ Britt MarketWatch
12/20/2011 03:27:34 PM

 

AT&T will have to seek spectrum to handle the crunching load of wireless devices elsewhere now that its deal to buy T-Mobile has been quashed, but its options are limited. 
See full story

Stocks and Markets in the News | U.S. Monetary Policy: Fed proposes tougher rules for big banks - MarketWatch



By Ronald D. Orol MarketWatch
12/20/2011 02:48:41 PM

 

The Federal Reserve released a package of post-crisis proposals detailing new tougher rules for big banks, including a measure that would limit how much a large financial institution can lend to other large banks.  
See full story

Stocks and Markets in The News | Latin American Markets: Mexico stocks up after U.S. housing, Europe news - MarketWatch


MarketWatch
 
By Carla Mozee MarketWatch
12/20/2011 02:47:17 PM

 

Mexican stocks climb Tuesday, buoyed by encouraging figures from Europe and brighter housing data from the U.S., key export markets for Latin America’s second-largest economy.  
See full story

CMI | New York Spot Prices at Close


CMI - Gold & Silver

Spot Prices as of the close of trading in New York
As of: Tuesday December 20, 2011
 
 
  Today Change Week Ago Month Ago Year Ago
Gold $1,616.80 +$20.50 $1,662.50 $1,725.30 $1,386.40
Silver $29.58 +$0.66 $31.27 $32.50 $29.35
Platinum $1,436.70 +$20.00 $1,495.00 $1,592.60 $1,713.00
Palladium $632.60 +$10.60 $667.00 $609.00 $745.85

NYT Business News: Business Events Scheduled for Wednesday



Latest News


2:34 PM ET
Business Events Scheduled for Wednesday

2:31 PM ET
FDA Accepts Application for Pfizer Arthritis Drug

2:16 PM ET
Fitch Cuts UniCredit, Puts Italy, Spain's Banks on Watch

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BIV Business Today: Terry McBride pulls back from Nettwerk

Business in Vancouver Today

Terry McBride pulls back from Nettwerk

Tuesday, 20 December 2011 09:41
terry mcbrideVancouver music mogul Terry McBride has greatly reduced his workload at Nettwerk Music Group to focus more on his passions, the 51-year-old told Business in Vancouver last week.
   

Peregrine to buy back BHP Billiton stake in diamond deposit

Tuesday, 20 December 2011 10:56
word: acquisitionsPeregrine Diamonds Ltd. (TSX:PGD) has entered into a binding agreement to buy BHP Billiton’s 51% share of the Chidliak diamond project.
   

Twenty-nine per cent of employees expect Christmas bonuses

Tuesday, 20 December 2011 09:35
christmas giftDespite a sluggish economy, 29% of Canadian employees expect a bonus in 2011, according to a BMO holiday survey conducted by Leger Marketing.
   

Vancouver real estate prices set to stall: analyst

Tuesday, 20 December 2011 09:39
stethoscope on houseReal estate outside Metro Vancouver has a better chance of rising than in B.C.’s metropolis, according to real estate investor, blogger and consultant Ozzie Jurock.
   

Mining companies expect gold to hit $2K per ounce

Tuesday, 20 December 2011 10:52
gold goes upPwC’s annual Gold Price Report shows 80% of mining companies expect the price of gold to continue to increase in 2012.
   

Consumer prices comparatively lower in B.C.: StatsCan

Tuesday, 20 December 2011 11:01
gas nozzle in carStatistics Canada’s latest report on the Consumer Price Index shows B.C. has the lowest percentage change in the country for the 12 months ending in November.