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Jun 19, 2012

SEC | Enforcement Actions: Listings of Company Delinquent Filings from the Securities and Exchange Commission.

Second Quarter
34-67217 Jun. 19, 2012 Fourthstage Technologies, Inc.,, FTM Media, Inc., Full Moon Universe, Inc., and Future Educational Systems, Inc.
ID-460 Jun. 14, 2012 American United Gold Corporation, AMS Homecare Inc., Aucxis Corp., and CYOP Systems International Inc.
34-67199 Jun. 14, 2012 Stream Communications Network & Media, Inc.
34-67193 Jun. 13, 2012 Anthracite Capital, Inc., Auto Data Network Inc., Avenue Group, Inc., Ckrush, Inc., Clickable Enterprises, Inc., and DCI USA, Inc.
34-67192 Jun. 13, 2012 ROK Entertainment Group, Inc., RussOil Corp., Tricell, Inc., Tunex International, Inc. (n/k/a Aone Dental International Group, Inc.), and Wireless Age Communications, Inc. 

NYT Global Update: Political Instability Rises as Pakistani Court Ousts Premier.

Global Update


Political Instability Rises as Pakistani Court Ousts Premier

Yousaf Raza Gilani, the prime minister, has been "disqualified" from office due to an earlier contempt conviction, Pakistan's high court declared Tuesday.

Lingering Fears Push Spanish Short-Term Borrowing Costs Up

A debt sale Tuesday reflects deep market fears about the future of the euro and increases pressure on European leaders to come up with a solution to the crisis.

Some Wiggle Room Emerges in Greece's Bailout Deal

As Greece's political parties maneuvered to form a new government Tuesday, the country's creditors were signaling a willingness to discuss revised terms.

Video: Jeffrey's Difficult Move

Jeffrey Isidoro, age 10, moved to Mexico after his father was deported from the United States. He is part of a new generation of young immigrants blurring the line between Mexican and American.


Bangladesh's Right of Refusal

The Bangladeshi government won't take in the several hundred Rohingyas fleeing ethnic violence in Myanmar. That's entirely reasonable.

Insurgents Strike Checkpoint in Southern Afghanistan

Taliban insurgents wearing police uniforms attacked a checkpoint in southern Afghanistan on Tuesday, killing three police officers, local officials said.

Syria-Bound Russian Ship Is Turned Back

The British foreign secretary, William Hague, told Parliament that the ship, carrying refurbished Russian-made attack helicopters, is apparently headed back to Russia.

French Architect Arrested in Chinese Inquiry

The man, Patrick Devillers, was arrested in Cambodia, and worked closely with a disgraced Chinese official, Bo Xilai, and his wife, Gu Kailai, who is a suspect in the death of a British businessman.

Green Movement Takes Root in Malaysia

A rare earth metals refinery outside a coastal town has provoked an unprecedented outcry by evironmental activists that has encouraged residents elsewhere to rally against similar projects.

Microsoft Introduces a Challenger to the iPad

In its biggest push ever into the hardware business, Microsoft unveiled a tablet computer called Surface that it intends to challenge Apple's iPad.

Electronics Retailers Scramble to Adapt to Changing Market

Sales at physical electronics stores have declined an average of 2.6 percent a year in the last five years, while sales online have risen an average of 14.7 percent a year in that period.
Bits Blog

Facebook Acquires Israeli Facial Recognition Company

Facebook has bought an Israeli start-up company called that can scan images in real time and identify the people in them.

Italy and Spain Advance to Quarterfinals

Italy showed a hunger in beating Ireland, 2-0, that suggests the team could go far in the European Championship.

His Heart Dreams of Poland, but the Left Foot Is All German

Lukas Podolski just made his 100th national-team appearance for Germany, and he marked the occasion with a goal. If things had worked out differently, he might have played for Poland.

Hats Won't Be the Only Accessory on Display at Royal Ascot

Black Caviar, a 6-year-old star sprinting mare, will most likely be wearing her much-talked-about compression suit when she steps off her transport at Royal Ascot on Saturday.

Lost in Recession, Toll on Underemployed and Underpaid

Americans fortunate enough to have a job are often overqualified and find that wages and benefits are down, leaving many unable to meet their expenses.

In Romney and Obama Speeches, Selective Truths

The candidates have at times been stretching the truth, using statistics without context or just exaggerating.

In a Shift, Biggest Wave of Migrants Is Now Asian

Asian immigrants have pushed the United States' population of Asian descent to a record 18.2 million and helped make Asians the country's fastest-growing racial group, a study says.
Op-Ed Contributor

The Solution in Syria Must Be Political

The international community's prime goal for Syria should be to stop the violence and open the way for a mediated political transition.
Op-Ed Columnist

Don't Look Down

From euro uncertainty to our own debt battles, we're too used to hovering over near catastrophe.

Egypt's Democracy Interrupted

Generals and judges from Hosni Mubarak's repressive regime are playing a dangerous game as they try to hold on to power.

Stocks and Markets in The News | After hours: Adobe, FSI drop after hours following outlooks

By Carla Mozee, MarketWatch 

LOS ANGELES (MarketWatch) Shares of Adobe Systems Inc. and FSI International Inc. each fell Tuesday evening after weaker-than-expected forecasts from the technology companies. 

Suddenly, investors 'like' Facebook Facebook’s stock has risen nearly 30% in the past week. Why? WSJ MarketBeat lead writer Steven Russolillo makes a stop on Mean Street to explain. 

Adobe Systems ADBE +0.80%  lost 4.3% to $31.49 as the design-software company projected fiscal third-quarter revenue of $1.075 billion to $1.125 billion, and adjusted earnings of 56 cents to 61 cents a share. Analysts polled by FactSet Research had been looking for 61 cents a share in earnings on revenue of $1.134 billion. Adobe also narrowed its 2012 sales view and revised its fiscal-year earnings outlooks, with the targets reflecting “a weaker demand forecast in Europe,” the company said in a statement.
Fiscal second-quarter adjusted earnings at Adobe were 60 cents a share, and revenue was $1.12 billion, up from $1.02 billion, in the year-ago period. Analysts were expecting earnings of 59 cents a share on revenue of $1.11 billion. Read more about Adobe's results, forecast.
FSI shares FSII +5.97%  stumbled 15% to $3.78 with the chip-equipment maker saying it expects fiscal fourth-quarter revenue of $40 million to $45 million, below the Thomson Reuters consensus estimate of $48 million. FSI’s fiscal third-quarter earnings jumped from the year-ago period as revenue nearly doubled to $50.8 million. More on FSI's outlook, quarterly results.
But shares of Jabil Circuit Inc. JBL +2.16%  sloughed off earlier losses and turned 1.8% higher to $19.76. The shares had been under pressure after the electronics contract manufacturer said it expects fiscal fourth-quarter adjusted earnings of 54 cents to 66 a share and net revenue of $4.1 billion to $4.35 billion. Analysts currently expect earnings of 67 cents a share on revenue of $4.37 billion.
For its fiscal third quarter, Jabil’s earnings, excluding one-time items, came in at 64 cents a share. Sales were $4.3 billion, up from $4.2 billion in the year-ago quarter. Analysts had projected earnings of 64 cents a share on $4.29 billion in revenue. Jabil said profit was $101.3 million, or 48 cents a share, compared with $104.7 million, or 47 cents a share, in the year-earlier period.
During the day session, U.S. stocks surged to five-week highs as the Federal Reserve began considering options that could lead to further efforts aimed at stimulating the economy. Read more in Market Snapshot.
The Dow Jones Industrial Average DJIA +0.75%  finished up 96 points, or 0.8%, to 12,837.33. The S&P 500 Index SPX +0.98%  rose 1% to 1,357.98 and the Nasdaq Composite COMP +1.19%  picked up 1.2% to 2,929.76.
Carla Mozee is a reporter for MarketWatch, based in Los Angeles.

DealBooK | DealB%K Afternoon Edition: Lawmakers Clash on Regulation at JPMorgan Hearing

Tuesday, June 19, 2012
Lawmakers Clash on Regulation at JPMorgan Hearing: Jamie Dimon and his regulators visited Capitol Hill on Tuesday for another round of scrutiny for a recent multibillion-dollar trading loss at JPMorgan Chase. But before Mr. Dimon faced the firing line, , Democrats and Republicans traded barbs over Dodd-Frank, the financial regulatory overhaul.
Jamie Dimon, chief executive of JPMorgan Chase
Jamie Dimon's Return Trip to the Hill: JPMorgan Chase's chairman and chief executive answered more question on Capitol Hill about his firm's huge trading loss, this time before the House Committee on Financial Services.
    Ryanair Offers $883 Million for Aer Lingus: The European low cost airline Ryanair on Tuesday offered 694 million euros ($883 million) to buy the Irish carrier Aer Lingus, the latest in a number of deals in the fast-consolidating airline industry.
    Jefferies Profit Falls 22%: The Jefferies Group's second-quarter profit tumbled 22 percent from the same time last year, the investment bank said on Tuesday, with only debt-trading posting a rise in revenue.
    Alliance Boots Taps Longtime Adviser Centerview in Walgreens Deal: Centerview Partners, the American investment banking boutique, was named Tuesday as the sole adviser to Alliance Boots in its $6.7 billion deal with Walgreens. Centerview, a New York-based firm that was set up in 2006, landed the deal through its healthcare team run by Richard Girling in London. Mr. Girling, a veteran healthcare banker with a degree in biochemistry from Oxford University, has a long-standing relationship with Boots, the European pharmacy retailer.
    Julius Baer in Talks to Buy Bank of America Unit: A deal for the international wealth management business of Bank of America Merrill Lynch would help the Swiss firm diversify at a time when local regulators are putting pressure on the country's financial institutions.
    Mark Ruffalo Joins Call for a Tax on Wall Street: The actor Mark Ruffalo, who fights alien invaders in "The Avengers," takes on Wall Street earthlings in a new video, calling for a tax on financial transactions.
    BATS European Executive to Return to Morgan Stanley: BATS Chi-X Europe, the European stock market operator, said on Tuesday that Paul O'Donnell, its chief operating officer, would leave the firm at the end of summer. Mr. O'Donnell will return to Morgan Stanley, where had worked for 14 years before joining BATS in 2008
    The Senate Banking Committee is holding a hearing on "Examining the I.P.O. Process: Is It Working for Ordinary Investors?" A House Financial Services subcommittee, meanwhile, is holding a hearing on market structure that will feature Duncan Niederauer, chief executive of NYSE-Euronext, among other industry executives. 

NYT Afternoon Business News: New Blood Tests Can Prove Paternity Early in Pregnancy.


New Blood Tests Can Prove Paternity Early in Pregnancy

If the tests gain legal acceptance, some lawyers say, women and state governments might one day pursue child support payments without having to wait until the birth..

Wall Street Stocks Gain

Stocks traded higher in the United States, in part on increased hopes for central bank stimulus measures ahead of the Federal Reserve's policy meeting.

Walgreens to Take Stake in Alliance Boots for $6.7 Billion

The American drug store chain Walgreens has agreed to buy a 45 percent stake in Alliance Boots, the European pharmacy retailer, for $6.7 billion.

CBS NEWS | Political Hotsheet Top Stories: Ron Paul to host pre-GOP convention event

The CBS News Political Hotsheet newsletter


He will not attend two other Paul-oriented festivals in Tampa
Read full story
Ron Paul to host pre-GOP convention event

Romney says no heckling would be Democrats accuse candidate of not taking a strong enough stand against the practice

Report: Mitch Daniels to be Purdue's next president The popular Indiana governor, considered a possible running mate for Romney, will reportedly serve as the university's next president

Sens. want cameras for health care decision Senators Leahy and Grassley ask the Supreme Court to allow cameras in the courtroom for health care decision

Report: Nonprofits spent $95M in 2010 election Nonprofits, who usually don't have to release donors, spent $3 for every $2 spent by super PACs in 2010 election cycle

Stocks and Markets in the News | Wall street at Close:

U.S. stock indexes end at five-week highs NEW YORK (MarketWatch) -- U.S. stock indexes on Tuesday finished at five-week highs, with equities rising on thinking the Federal Reserve would make further moves to stimulate the economy. "It does seem like it's more out of hope for something that is coming than hard fact," said Bruce McCain, chief investment strategist at Key Private Bank, of expectations ahead of Wednesday's conclusion of the Federal Open Market Committee meeting. The Dow Jones Industrial Average rose 95.51 points, or 0.8%, to 12,837.33. The S&P 500 Index climbed 13.20 points, or 1%, to 1,357.98. The Nasdaq Composite advanced 34.43 points, or 1.2%, to 2,929.76.
 More News:
B. of A., Citigroup rise on Fed meeting U.S. financial stocks close higher, led by strong bank gains, as investors are optimistic about Federal Reserve officials discussing ways to stimulate the economy.

Microsoft Surface tablet computer. - Microsoft
Tech stocks rise behind Oracle, Microsoft gains Software giants get big lift following business-software company’s strong results and the release of Microsoft’s Surface tablet.

Adobe shares fall on disappointing outlook SAN FRANCISCO (MarketWatch) - Adobe Systems on Tuesday reported a fiscal second-quarter profit of $223.9 million, or 45 cents a share, compared with a profit of $229.4 million, or 45 cents a share, for the year-earlier period. Revenue was $1.12 billion, up from $1.02 billion. Adjusted profit was 60 cents a share. Analysts were expecting the software company to report 59 cents a share, on revenue of $1.11 billion, according to a consensus survey by FactSet Research. For the current quarter, the company said it expects revenue in the range of $1.075 billion to $1.125 billion, and adjusted profit in the range of 56 cents to 61 cents a share. Analysts were expecting a profit of 61 cents a share, on revenue of $1.134 billion, according to FactSet Research. Adobe shares fell more than 3% in after-hours trading.

The Exxon Mobil refinery in Baytown, Texas is seen in this September 15, 2008 file photograph. The world's largest publicly traded oil company's fourth-quarter profit narrowly beat Wall Street's expectations as rising crude oil prices offset falling margins for chemicals, engine lubricants and fuel as reported by the Irving, Texas-based company January 31, 2012. Picture taken September 15, 2008. REUTERS/Jessica Rinaldi/Files (UNITED STATES - Tags: ENERGY BUSINESS) - Reuters
Tesoro, Chesapeake boost energy sector PPL shuts down nuclear reactor to fix minor water leak.

BBC Breaking News: Assange seeks Ecuador asylum

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BBC News
  Breaking News  

Assange seeks Ecuador asylum

Wikileaks founder Julian Assange is at Ecuador's embassy in London seeking asylum, Ecuador's foreign minister says

BIV Business Today News: Sierra Wireless to make $58 million acquisition


Sierra Wireless to make $58 million acquisition

Richmond-based Sierra Wireless plans to spend $58 million and assume unspecified liabilities to buy assets from France's Sagemcom that enable machines to communicate with each other.

Mining and Energy


Shareholder sues Baja Mining for late cost overrun disclosure

One of Vancouver miner Baja Mining Corp.'s largest shareholders is suing the company and demanding an independent investigation into cost overruns at its Boleo project, Baja announced June 18.

Asia Pacific


Choo assumes helm at S.U.C.C.E.S.S.

Vancouver immigrant settlement society S.U.C.C.E.S.S. has recruited Queenie Choo to be its new CEO, starting August 1.

Economy and Finance


53% increase in financing a positive sign for Canadian biotechs: Ernst & Young

The Canadian biotech industry's financial performance was down again in 2011, but a surge in positive clinical news stimulated the sector nonetheless.

Human Resources

60% of employers plan social media surveillance by 2015

Employers monitoring employee activity on social media sites is a relatively new phenomenon, but surveillance is likely to increase, according to a new study.

Ports and Shipping

The Canadian Coast Guard Kitsilano Search and Rescue base in Vancouver is an essential part of the area's marine emergency response and must not be closed, according to Joyce Murray, Liberal MP for Vancouver Quadra.