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Jan 13, 2012

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


New York Market Close Jan 13/12 05:25 PM EST
Metals
Bid
Ask
Change
Low
High
Gold
1639.70
1640.70
-8.90
-0.54%
1624.20
1650.10
Silver
29.77
29.87
-0.48
-1.59%
29.36
30.29
Platinum
1487.00
1497.00
-7.00
-0.47%
1465.00
1509.00
Palladium
637.00
642.00
1.00
0.16%
620.00
644.00

NYT Global Update | World: Remarks by Former U.S. Diplomat Rattle Taiwan Before Election

Global Update




TOP NEWS

French Rating Cut; More Debt Downgrades Are Expected

By LIZ ALDERMAN
Standard & Poor's Corp. on Friday stripped France of its sterling credit rating as several other euro zone countries, including Italy, were expected to be downgraded more severely.

U.S. Restores Full Ties to Myanmar After Rapid Reforms

By STEVEN LEE MYERS and SETH MYDANS
The action is a diplomatic reward for recent political reforms by Myanmar's civilian government, including the release of top activists on Friday.

Amid Crisis, Parliament in Pakistan to Vote on Affirming Civilian Rule

By SALMAN MASOOD and ALAN COWELL
Lawmakers in Pakistan framed a resolution designed to bolster civilian rule at a time of sharpening tension with the military that has also drawn in the judiciary.
Arts

Slide Show: Seeing Spots

A look at some of Damien Hirst's "spot" abstractions on display in New York.
Opinion

Op-Ed Contributor

Empowering Citizen Cartographers

By CAROLINE ANSTEY
Via crowdsourcing, citizens can map their country's facilities and have a greater say in charting the future.
WORLD

Remarks by Former U.S. Diplomat Rattle Taiwan Before Election

By ANDREW JACOBS
Douglas H. Paal, speaking as a private citizen, said a victory by the main presidential challenger in Taiwan could threaten the region's stability and make Washington uneasy.

Japan Delays Decision on Iran Oil Sanctions

By MARTIN FACKLER
Prime Minister Yoshihiko Noda said on Friday his nation had yet to decide whether it will reduce oil imports from Iran, continuing the mixed signals from his government in response to an American request.

Video Inflames a Delicate Moment for U.S. in Afghanistan

By MATTHEW ROSENBERG
A video showing four United States Marines urinating on three dead Taliban fighters provoked anger and raised fears that the images could incite anti-American sentiment.
BUSINESS

Obama to Ask Congress for Power to Merge Agencies

By MARK LANDLER
The president announced a new campaign to shrink the federal government, a proposal notable less for its goal than for its challenge to a hostile Congress.

Apple Releases List of Its Suppliers for the First Time

By NICK WINGFIELD
The company is following the lead of many other big corporations, which have released similar lists in the past.

Apple Suspends iPhone 4S Sales in Mainland China Stores

By SHARON LaFRANIERE
The move came after Apple's Beijing store failed to open as promised and a frustrated crowd reacted by pelting it with eggs.
TECHNOLOGY

New Storage Device Is Very Small, at 12 Atoms

By JOHN MARKOFF
Findings from research conducted at I.B.M., being reported Thursday in the journal Science, could lead to a new class of more powerful and efficient nanomaterials.

Foxconn Resolves a Dispute With Some Workers in China

By DAVID BARBOZA
More than 100 workers had protested on the roof of a three-story building at the company's factory in Wuhan, China, with several threatening to commit suicide if their demands were not met.

In a Test, Target Plans to Add an Apple 'Store' Inside 25 Stores

By STEPHANIE CLIFFORD
Apple already has centers within Best Buy stores, but an expansion to Target could make the brand accessible to shoppers who aren't necessarily looking for electronics.
SPORTS

Paris St. Germain Steps Up With the Big Boys of Europe

By ROB HUGHES
Carlos Ancelotti takes over a Paris club now aiming to be a main player on the European soccer scene. Their game against Toulouse is a minor event along a momentous road.

Saracens Aim for Heineken Cup Playoffs

By HUW RICHARDS
If Saracens beat Biarritz on Sunday to make the Heineken Cup playoffs, it will have completed a transformation from one of English rugby's prime underachievers.

Mobilizing the Web to Get Motivated

By TOM SIMS
For many amateur athletes, adventure seekers and explorers, social media and technology are becoming pieces of equipment as essential as a good pair of shoes, a tent or a decent bike.
U.S. NEWS
Laurens Journal

Uneasy Neighbors in a Southern Gothic Tale

By KIM SEVERSON and ROBBIE BROWN
A court ruling confirmed that the Redneck Shop, run by a white supremacist, is in a building that belongs to a black Baptist pastor.

Federal Security Program Monitored Public Opinion

By CHARLIE SAVAGE
The Department of Homeland Security has paid contractors to monitor social networking sites for public reaction to government proposals, according to documents.

Early Admission Applications Rise, as Do Rejections

By RICHARD PÉREZ-PEÑA and JENNY ANDERSON
A broader and more diverse group of students, including foreigners and minorities, are applying for early admission to top colleges, making acceptance that much harder.
OPINION
Op-Ed Contributor

The Aftertaste of Goulash Communism

By PETER ZILAHY
It took Hungarians 20 years to find out that democracy is not something to be taken for granted.
Patrick Chappatte

Attacks on Iranian Nuclear Scientists

At least five scientists with connections to Iran's nuclear program have been killed since 2007.
Op-Ed Contributor

Nigerian Anger Boils Over

By ANENE EJIKEME
A bid to end gasoline subsidies in oil-rich Nigeria highlights the evils of the "resource curse."

DealBooK | DealB%K Afternoon Edition: Talks on Greek Debt Are Halted


TOP STORY
Talks on Greek Debt Are Halted While people involved in the negotiations described it as a negotiating tactic, the disagreement is a reminder of how wide the gap is between the two sides and underscores how close Greece is to defaulting on its debt.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    Lead Rajaratnam Prosecutor to Join Dechert The prosecutor, Jonathan Streeter, will be joining a white-collar defense group currently involved in some of the highest-profile securities cases.
    TPG Considers $1 Billion Investment in Olympus The private equity firm has reached out to a number of potential partners, though it has not yet decided whether it will pursue an investment, according to a person briefed on the matter.
    In Debt: Hostess Has a Lot of Debt, but Few in Finance Stephen J. Lubben says that the maker of Twinkies and Ding Dongs asked the bankruptcy court for permission to hire FTI Consulting to do the work of a corporate treasury department and a finance department.
    Why No Update on Europe From JPMorgan? On Dec. 7, the bank put out a detailed table showing how much exposure it had to countries like Italy, Greece and Spain. JPMorgan says it didn't make updated European disclosures because they didn't change materially.
    Westlake Chemical Makes $1 Billion Unsolicited Bid for Georgia Gulf A merger of the two companies would create one of the largest manufacturers of olefins, vinyls and other materials used in construction and other industries.
    Burkle Buys Control of Soho House The Soho House Group announced on Friday that it had sold a majority stake to Mr. Burkle's Yucaipa Companies and named the billionaire investor as its new chairman.
    Lloyds Chief Turns Down Bonus The chief executive of Lloyds Banking Group, Antonio Horta-Osorio, said he would give up his bonus for last year after taking a leave of absence from the struggling financial firm.
    Weak Quarter Weighs on JPMorgan's 2011 Profit JPMorgan Chase kicked off bank earnings season with news that its quarterly profit dropped 23 percent, results that weighed on the full-year profits.
    ING Outlines Banking Strategy The Dutch financial services group ING said Friday that it would not pay a dividend to shareholders until it had repaid all of the state aid it received during the financial crisis.
    • DEALBOOK »
    • DEALBOOK HIGHLIGHTS
      Lead Rajaratnam Prosecutor to Join Dechert The prosecutor, Jonathan Streeter, will be joining a white-collar defense group currently involved in some of the highest-profile securities cases.
      TPG Considers $1 Billion Investment in Olympus The private equity firm has reached out to a number of potential partners, though it has not yet decided whether it will pursue an investment, according to a person briefed on the matter.
      In Debt: Hostess Has a Lot of Debt, but Few in Finance Stephen J. Lubben says that the maker of Twinkies and Ding Dongs asked the bankruptcy court for permission to hire FTI Consulting to do the work of a corporate treasury department and a finance department.
      Why No Update on Europe From JPMorgan? On Dec. 7, the bank put out a detailed table showing how much exposure it had to countries like Italy, Greece and Spain. JPMorgan says it didn't make updated European disclosures because they didn't change materially.
      Westlake Chemical Makes $1 Billion Unsolicited Bid for Georgia Gulf A merger of the two companies would create one of the largest manufacturers of olefins, vinyls and other materials used in construction and other industries.
      Burkle Buys Control of Soho House The Soho House Group announced on Friday that it had sold a majority stake to Mr. Burkle's Yucaipa Companies and named the billionaire investor as its new chairman.
      Lloyds Chief Turns Down Bonus The chief executive of Lloyds Banking Group, Antonio Horta-Osorio, said he would give up his bonus for last year after taking a leave of absence from the struggling financial firm.
      Weak Quarter Weighs on JPMorgan's 2011 Profit JPMorgan Chase kicked off bank earnings season with news that its quarterly profit dropped 23 percent, results that weighed on the full-year profits.
      ING Outlines Banking Strategy The Dutch financial services group ING said Friday that it would not pay a dividend to shareholders until it had repaid all of the state aid it received during the financial crisis.
      BUZZ TRACKER
      Ex-S.E.C. Official Settles Conflict Case Spencer C. Barasch, who was alleged to have blocked or closed at least three investigations into the activities of Stanford Financial Group, which the authorities claim was a $7 billion Ponzi scheme, has settled charges that he violated rules by later representing Stanford before the S.E.C., reported Edward Wyatt for The New York Times.
      Obama to Ask Congress for Power to Merge Agencies The president said he would begin his pruning exercise by folding the Small Business Administration and five other agencies involved in trade and business, into a single agency that would replace the Commerce Department, reported Mark Landler for The New York Times.
      Germany Won't Push for NYSE-Deutsche Merger A spokesman for Chancellor Angela Merkel of Germany said on Friday that the government would defer to regulators in Brussels on whether the merger of NYSE Euronext and the Deutsche Borse should be approved, Reuters reports.
      Workday Plans I.P.O. and Expansion The tech firm Workday is planning to go public this year to raise cash and have stock to acquire several small companies that are crucial to its expansion plans, the company's co-chief executive, Aneel Bhusri, said in an interview with Quentin Hardy of The New York Times's Bits blog.
      Plenty of Room for Electric Slides Jeffrey Verschleiser, a former Bear Stearns executive who now runs the mortgage desk at Goldman Sachs, has rented out the entire Hotel Jerome, a 94-room venue in Aspen, Colo., for his daughter's bat mitzvah this weekend, The Aspen Times reports.
      Aon to Move Headquarters to London The insurance broker said on Friday that it would move its corporate headquarters from Chicago.
      LOOKING AHEAD
      In the United States U.S. stock and bond markets are closed for Martin Luther King, Jr. Day. DealBook's e-mails will return on Tuesday.
       
     
  •  

NYT Afternoon Business News: Greek Debt Talks Stall as Markets Remain Jittery About Euro Zone.



BUSINESS

Greek Debt Talks Stall as Markets Remain Jittery About Euro Zone

By LANDON THOMAS JR. AND DAVID JOLLY
Italy on Friday sold the maximum amount of bonds it had targeted, but data from the European Central Bank on overnight bank deposits showed that the market remained jittery.
DealBook

Weak Quarter Weighs on JPMorgan's 2011 Profit

By BEN PROTESS
JPMorgan Chase kicked off bank earnings season with news that its quarterly profit dropped 23 percent, results that weighed on the full-year profits.

Apple Suspends iPhone 4S Sales in Mainland China Stores

By SHARON LaFRANIERE
The move came after Apple's Beijing store failed to open as promised and a frustrated crowd reacted by pelting it with eggs.

Ex-S.E.C. Official Settles Conflict Case

By EDWARD WYATT
Spencer C. Barasch, who was said to have hindered federal investigations of fraud at the Stanford Financial Group and later represented the firm, reached a $50,000 civil settlement.

New Storage Device Is Very Small, at 12 Atoms

By JOHN MARKOFF
Findings from research conducted at I.B.M., being reported Thursday in the journal Science, could lead to a new class of more powerful and efficient nanomaterials.

CBS News | Political Hotsheet Top Stotes: Perry unwinds at the shooting range

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
The Texas governor is one good shot
Read full story
Perry unwinds at the shooting range

Santorum: Iowa caucuses still Former senator from Pennsylvania says there's still a chance he could be declared the winner of Jan. 3 GOP caucuses in Iowa

Obama seeks power to shrink government Mr. Obama wants the authority to make changes to the executive branch that Congress would then have to approve or deny

Are GOP attacks against Romney helping Obama? The Obama campaign is targeting Mitt Romney's business record -- using the same line of attack employed by Newt Gingrich and Rick Perry

Rick Santorum attacks former pal Newt Gingrich Santorum is increasingly treating Gingrich as his main obstacle to becoming the Romney-alternative in the contest for the GOP presidential nomination

ABC News Australia Morning Edition | Business: France Losses AA Credit Rating


Top Stories


France loses AAA credit rating

Efforts to save the eurozone economies suffer a blow as major player France loses its AAA credit rating from Standard and Poor's.
More »


More Top Stories »

The Drum


Out of our league: the global auto affair

The world loves cars. Cars are an object of desire; a status symbol for the wealthy, an aspiration for the poor.
People want cars, as a general rule.
So why is everybody so rubbish at making them? How is it that barely a car manufacturer in the world seems capable of operating without some kind of government assistance?
More »



Australia

 

Light planes grounded over faulty cables

Hundreds of light planes have been grounded because of potentially faulty cables.
More »