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Jun 26, 2012

MarketWatch | Personal Fiannce Daily: Best used cars for 2012.



By MarketWatch
Don’t miss these top stories:
Automotive editors at Edmunds.com have put their heads together and come up with their “best-bets” list of used cars for this year. They name their top picks in 15 categories based on reliability, safety and more for cars, trucks and SUVs between 2005 and 2010.
Also on MarketWatch, our colleagues at SmartMoney have a list of 10 things that Amazon.com Inc. AMZN +2.52%  won’t tell you, but which every savvy shopper should know about the online megaretailer.
Anne Stanley , managing editor, Personal Finance

Best used cars for 2012: Edmunds.com

The editorial staff of Edmunds.com lists the best bets for used cars, based on reliability, safety and availability. Check out the best bets in 15 categories.
See the slide show: Best used cars for 2012.

10 things Amazon won’t tell you

From the balance of credible reviews to how selling strategies affect your spending habits, here are 10 things you should know about the world’s largest online retailer.
Read more: 10 things Amazon won’t tell you.

ECONOMY AND POLITICS

Lower expectations drag down consumer confidence

U.S. consumer confidence declined a fourth month in June, reflecting gloomier views on future business conditions and income, Conference Board survey data show.
Read more: Lower expectations drag down consumer confidence.

U.S. home prices jump 1.3% in April: Case-Shiller

U.S. home prices shot up in April for the first monthly gain since last autumn, according to a closely followed index released Tuesday.
Read more: U.S. home prices jump 1.3% in April: Case-Shiller. 
 
Page 1 Page 2

SEC | Enforcement Actions - Listing of Company delinquent filings update

https://service.govdelivery.com/banners/USSEC/sec_seal.jpg

Second Quarter
34-67254 Jun. 26, 2012 Future Now Group, Inc., and Global Teledata Corp.
ID-462 Jun. 25, 2012 Jetronic Industries, Inc. (n/k/a New Bastion Development, Inc.), Lions Petroleum, Inc. (n/k/a China Hongxing Agritech, Inc.), MDI, Inc., and Mobilepro Corp.
34-67236 Jun. 22, 2012 Blue Earth Refineries, Inc.
34-67235 Jun. 22, 2012 Oklahoma Energy Corp., OL Funding, Inc., Omnisky Corp., Orange County Ventures, Inc., Percipio Biotherapeutics, Inc., and Priviam, Inc.
34-67228 Jun. 21, 2012 Savoy Resources Corp., SNRG Corp., Standard Mobile, Inc., and VTEX Energy, Inc.
34-67221 Jun. 20, 2012 Florida First Equities Corp. (n/k/a Data Imaging Services, Inc.), Foodquest, Inc., Foodvision.com, Inc., Forefront, Inc. (f/k/a Anyox Resources, Inc.), Futronix Group, Inc., Genicom Corp. (n/k/a Oldgen, Inc.), and Global Online India, Inc.

For full Details click:

 http://sec.gov/divisions/enforce/delinquent/delinqindex.htm

NYT Global Update | Top News: Turkey Says It May Target Any Syrian Forces Nearing Border


Global Update



TOP NEWS

Turkey Says It May Target Any Syrian Forces Nearing Border

By SEBNEM ARSU, ALAN COWELL and PAUL GEITNER
Prime Minister Recep Tayyip Erdogan on Tuesday threatened a military response if Syrian forces approached the Turkish border, hardening the tone over Turkey's downed warplane.

As Rebels Attack Elite Guards, Assad Talks of 'State of War'

By ROD NORDLAND and HWAIDA SAAD
The Free Syrian Army launched what they described as an exploratory attack on an elite Republican Guard base, which is near the Presidential Palace, in Damascus late Monday.
Euro Watch

Plans to Ease Euro Crisis Are Ambitious but Long-Term

By STEPHEN CASTLE
A grand plan for closer integration, seen as the most likely agreement to come out of the meeting in Brussels that begins Thursday, could not come into operation before 2013.
Dining & Wine

Restaurant Review | Pok Pok NY

Thailand Extends to Brooklyn

By PETE WELLS
The chef Andy Ricker, owner of an acclaimed cluster of casual Thai eating and drinking places in Portland, Ore., expands his reach to a new restaurant, Pok Pok NY.
Opinion

Op-Ed Contributor

Changing Tongues

By KUMIKO MAKIHARA
My son is on an English language high.
WORLD

Turkish Border Is Crucial Link in Syrian Conflict

By NEIL MacFARQUHAR
A network of activists has taken advantage of the tensions between Turkey and Syria to build a supply chain for those opposed to President Bashar al-Assad's government.

Settlers Begin Evacuation of a West Bank Outpost

By JODI RUDOREN
Jewish families began leaving Ulpana after their homes were declared illegal because they sit on Palestinian land.
Battir Journal

A Palestinian Village Tries to Protect a Terraced Ancient Wonder of Agriculture

By ISABEL KERSHNER
Conservation experts say ancient terraces and a Roman-era irrigation system in Battir, the West Bank, are threatened by Israel's plans to build a section of its security barrier.
BUSINESS

Sweeping Effects as Broadband Moves to Meters

By BRIAN STELTER
Broadband companies are moving toward a strategy called usage-based billing, which will charge tiers of pricing based on how much people use their Internet at home.

Greek Premier Appoints New Finance Minister

By LIZ ALDERMAN
Yannis Stournaras, a prominent economist, is expected to succeed Vassilis Rapanos, who resigned before he could be sworn in, citing health problems.

F.B.I. Says 26 Are Arrested in Credit Card Theft

By NELSON D. SCHWARTZ
The cybercrime arrests were made on four continents in an undercover operation.
TECHNOLOGY

'Big Brother'? No, It's Parents

By SOMINI SENGUPTA
An array of surveillance software now exists to let parents keep tabs on their children's activities online, raising questions about appropriate parenting.

How Many Computers to Identify a Cat? 16,000

By JOHN MARKOFF
A neural network of computer processors, fed millions of YouTube videos, taught itself to recognize cats, a feat of significance for fields like speech recognition.

Immigrants Are Crucial to Innovation, Study Says

By ANDREW MARTIN
A study shows that immigrants played a role in more than three out of four patents at the nation's top research universities.
SPORTS

Spain Deserves Appreciation, Not Criticism

By ROB HUGHES
Critics are piling on Spain for its tactics, but the statistics speak loud and clear: The team has not lost yet, and it has scored eight goals, while conceding only one.

Saving the Best Quarterfinal for Last

By ROB HUGHES
Italy's victory over England in a penalty shootout was a sustained drama, with the right result, honorably decided.

For Mardy Fish, a Season of Pulsing Events

By CHRISTOPHER CLAREY
The American tennis player has arrived in England to play at Wimbledon after numerous concerns about his health.
U.S. NEWS

Helpful Hands on Life's Last Segregated Journey

By KIM SEVERSON
When a black person dies in one of the rural counties around Madison, Ga., chances are the body will end up in the hands of Charles Menendez.

Supporters Slow to Grasp Health Law's Legal Risks

By PETER BAKER
Early confidence in the law's constitutionality, based on Supreme Court precedents, proved to be a miscalculation that put the White House on the defensive as its legal strategy evolved over the last two years.

With Wild West Spirit, Tombstone Fights for Its Water

By FERNANDA SANTOS
When the government placed restrictions on repairs to pipes on federal land, a volunteer posse set out to do the work by hand and make a point about a storied Arizona town.
OPINION
Op-Ed Contributor

Germany the Euro Winner? Hardly

By GUNNAR BECK
Contrary to the familiar view, Germany has not been the big beneficiary of the euro.
Op-Ed Columnist

The Power of the Particular

By DAVID BROOKS
Bruce Springsteen's appeal is a reminder of our deeply human need to experience and express meaning within the bounded framework of a place, a people and a history.
Editorial

Another Chance for Egypt

Now that Mohamed Morsi of the Muslim Brotherhood has been declared its first freely elected president, Egypt has another chance to steer onto a more democratic course.

Stocks and Markets in the News | After Hours: H&R Block rises, Sealy flat after hours, MarketWatch



By Rex Crum, MarketWatch 

LOS ANGELES (MarketWatch) — H&R Block Inc. and Sealy Corp. were among the stocks getting attention in after-hours trading Tuesday following the release of both companies’ quarterly results. 


On Macs, costlier hotel options Orbitz has found that Apple users spend as much as 30% more a night on hotels, so the online travel site is starting to show them different, and sometimes costlier, options than Windows visitors see. (Photo: Bloomberg.) 

H&R Block HRB -0.79%  shares rose 16 cents in after-hours trading following the tax-preparation services provider’s fourth-quarter results. H&R Block reported earnings of $586 million, or $1.99 a share, on $2 billion in revenue, compared with a profit of $658.2 million, or $2.14 a share, on sales of $2.05 billion in the same period a year ago. Analysts surveyed by Thomson Reuters had forecast H&R Block to earn $2.05 a share on $2.01 billion in revenue.
Sealy ZZ -3.41%  shares were at their regular-session closing price of $1.70 after the mattress maker reported its fiscal first-quarter results. Sealy said it earned $1.68 million, or 2 cents a share, on $312 million in revenue. During the same period a year ago, Sealy lost a penny a share on sales of $321.3 million. Analysts surveyed by FactSet Research had forecast Sealy to break even on a per-share basis on $313 million in revenue.
Ahead of the close, U.S. stocks pushed higher following mixed economic data, including a June fall in consumer confidence and a rise in April home prices. Read more in Market Snapshot.
The Dow Jones Industrial Average DJIA +0.26%  rose 32 points to close at 12,534. The S&P 500 Index SPX +0.48%  picked up 0.5% to end the day at 1,319 and the Nasdaq Composite Index COMP +0.63% rose almost 18 points to close at 2,854.
 
Rex Crum is a reporter for MarketWatch in San Francisco.

DealBooK | DealB%K Afternoon edition: Valuing a News Corp. Breakup



TOP STORY
Valuing a News Corp. Breakup: For years, News Corporation has labored under what Wall Street has called the "Murdoch discount," in which the company trades lower than its intrinsic value because of the control exerted by Rupert Murdoch. So what would a split News Corporation be worth? Executives still have many details to iron out, including exactly how to divide the media conglomerate's properties. But the general outlines of a divide are apparent. The movie studio, television channels and Internet assets would form one new company. Dow Jones, which includes The Wall Street Journal, HarperCollins and an educational unit would go into another. Such a split, which had been called for by a number of shareholders, would be somewhat similar to other media company splits. Chief among these is the cleaving of E. W. Scripps, a newspaper and television company, and the division of Viacom
Top Executives Said to Meet to Discuss News Corp. Breakup: Rupert Murdoch, his son and others are expected to talk about the possibility of severing the company's underperforming newspapers from its lucrative entertainment assets.
  • DEALBOOK » | DealBook: Valuing a News Corp. Breakup
  • DEALBOOK HIGHLIGHTS
    Credit Suisse Said to Plan New Round of Layoffs in Europe: Credit Suisse, which announced a major restructuring effort last year, may reduce the work force of its European investment banking division by as much as 30 percent.
    Australian Billionaire Threatens to Dump Fairfax Media Stake: Georgina Rinehart, Asia's richest woman, says her privately held Hancock Prospecting may sell its 19 percent stake in the Australian publisher Fairfax Media because Hancock has been denied representation on the board.
    A Novel About Wall Street Borrows From Life: The new book by John Gapper, "A Fatal Debt," is a work of fiction, but buried in the story are some not-so-subtle allusions to Wall Street.
    In Tough Times, Private Equity Saves Jobs: Private equity-owned companies are much less likely to be liquidated when the going gets tough, according to a study by Moody's Investors Service. In Another View column for DealBook, Richard Farley writes that private equity does more to save jobs at struggling companies than other types of owners do.
    BUZZ TRACKER
    Greenhill Hires Wachtell Partner as General Counsel: The boutique investment bank Greenhill & Company said on Tuesday that it had hired Gavin D. Solotar, a partner at the law firm Wachtell, Lipton, Rosen & Katz, as its general counsel. In his 20-year career at Wachtell, Mr. Solotar focused on deal-making, corporate governance and securities law.
    Qatar Telecom Offers $1.9 Billion for Stake in Kuwaiti Cellphone Operator: Qatar Telecom, the state-backed telecommunications operator, has offered to buy the 47.5 percent stake it does not already own in the Kuwaiti company Wataniya for about $1.9 billion. Wataniya, the second-largest cellphone operator in Kuwait, has operations across the region, Reuters reports.
    SBA Communications to Buy Cellphone Towers for $1.45 Billion: SBA Communications has agreed to buy more than 3,200 cellphone tower sites in the United States and Puerto Rico from TowerCo in a cash-and-stock deal worth $1.45 billion. SBA Communications will pay $1.2 billion in cash and 4.6 million of its own shares for the towers. The transaction is expected to close by the end of the year
    LOOKING AHEAD
    Reports on durable goods for May and pending home sales for May are released on Wednesday.  

NYT Afternoon Business News: Sweeping Effects as Broadband Moves to Meters



BUSINESS

Sweeping Effects as Broadband Moves to Meters

By BRIAN STELTER
Broadband companies are moving toward a strategy called usage-based billing, which will charge tiers of pricing based on how much people use their Internet at home.

Greek Premier Appoints New Finance Minister

By NIKI KITSANTONIS
Yannis Stournaras, a prominent economist, is expected to succeed Vassilis Rapanos, who resigned before he could be sworn in, citing health problems.

F.B.I. Says 26 Are Arrested in Credit Card Theft

By NELSON D. SCHWARTZ
The cybercrime arrests were made on four continents in an undercover operation.

CBS News | Political Hotsheet Top Stories: Romney: Obama's term "wasted" if health law overturned


The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
The presumptive GOP nominee says "Obamacare" "has not helped the American people"
Read full story
Romney: Obama's term

Biden rips Romney on outsourcing, Swiss bank account Remarks are part of larger strategy to use Romney's business background against him

Rielle Hunter and John Edwards split John Edwards' former mistress tells ABC their relationship is over, but she still loves him

Obama surprises diner, orders chili dogs Patrons, staff at historic Varsity Diner in Georgia wowed by Obama

White House: Obama wasn't booed in Boston Spokesman Jay Carney claims Red Sox fans were saying "yooook," for Kevin Youkilis, not "boo" for the president

Stocks and Markets in the News | Wall Street at Close:U.S. stocks end with modest advance, MarketWatch


U.S. Markets Headlines

Best Buy jumps on reported buyout talk NEW YORK (MarketWatch) -- Best Buy Co. , which has lost 40% of its value in the past year, rose 4.7% on Tuesday after the Wall Street Journal reported founder Richard Schulze is working with Credit Suisse bankers to explore the possibility of taking the retailer private. Schulze, with slightly more than a 20% stake in the company, stepped down as chairman and director earlier this month and said he was examining options for his holding, the Journal reported. His stake, valued at about $1.4 billion, could still be sold even though his preference is to buy out Best Buy, the Journal reported, citing unnamed sources.

News Corp Chief Executive and Chairman Rupert Murdoch appears before a parliamentary committee on phone hacking at Portcullis House in London July 19, 2011. Murdoch and his son James apologised to the British parliament on Tuesday over a hacking scandal that has engulfed News Corp , but the veteran media mogul denied he was ultimately responsible for
Tuesday’s biggest gaining and declining stocks MarketWatch’s daily rundown of shares making sizable moves in the U.S. stock market.

U.S. stocks end with modest advance NEW YORK (MarketWatch) - U.S. stocks rose modestly Tuesday after a better-than-expected report on the housing market lifted consumer discretionary and energy companies. But uncertainty over a gathering of European leaders later this week curbed investor enthusiasm. "Many of the politicans in Europe are in such a difficult position. I don't think [German Chancellor Angela Merkel] will be comfortable backing any extreme measures until the situation is perceived as more treacherous than it is today. She needs that cover," said John De Clue, chief investment officer at U.S. Bank Wealth Management. After rising as much as 74 points and falling 50, the Dow Jones Industrial Average rose 32.01 points, or 0.3%, to end at 12,534.67. The S&P 500 index climbed 6.27 points, or 0.5%, to 1,319.99. The Nasdaq Composite gained 17.9 points, or 0.6%, to 2,854.06.

Traders work on the floor of the New York Stock Exchange in New York, June 7, 2012. U.S. stocks jumped at the open on Thursday after China's central bank cut bank lending and deposit rates, fueling hopes of simultaneous action to aid a flagging global economy. REUTERS/Keith Bedford (UNITED STATES - Tags: BUSINESS) - Reuters
U.S. stocks’ gains build on housing data U.S. stocks climb as data illustrating stabilization in the housing market overtook concern about Europe’s debt crisis..

A picture illustration shows U.S. 100 dollar banks and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. The dollar spiked higher against the yen on August 4, 2011 as Japanese authorities intervened to stem the yen's strength. Picture taken August 2, 2011. REUTERS/Yuriko Nakao (JAPAN - Tags: EMPLOYMENT BUSINESS) - Reuters
Euro recovers after U.S. data, Spanish auction The euro gave up gains versus the dollar after a sharp rise in Spain’s short-term borrowing costs.

News Corp. shares gain on possible split Shares of media and entertainment conglomerate News Corp. were up 6.2% Tuesday on news the company is considering a spinoff of its publishing businesses to place more emphasis on its faster-growing television and film units, which represent the company’s main sources of revenue.
3:27 p.m. Today
 
Egan-Jones cuts Germany on exposure to euro zone SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings on Tuesday lowered Germany's sovereign rating on expectations that the country will be left with significant uncollectable receivables due to its exposure to the euro zone. "Egan-Jones Ratings has downgraded Germany from 'AA-' to 'A+' and has issued a negative watch with a projected rating of 'A-,'" said Sean Egan, managing director of Egan-Jones, in emailed comments. The ratings agency noted that Chancellor Angela Merkel is fighting a losing battle in resisting calls for EU bonds and pushing for fiscal controls. "Germany is likely to be outvoted by other ECB members and therefore will have greater prospective exposure," said Egan-Jones.
3:19 p.m. Today
 
A vintage image of a U.S. Treasury H bond from the U.S. Bureau of the Public Debt's Treasury Direct website. - treasurydirect.gov Treasurys pare losses after 2-year auction Treasury prices pare losses following a slightly weaker-than-expected 2-year auction and as uneasiness about Europe persists.
2:59 p.m. Today

BIV Today's Business News: Executive ouster sparks calls to revisit regional growth strategy



Politics and Policy

Executive ouster sparks calls to revisit regional growth strategy

Metro Vancouver should reconsider its regional growth strategy (RGS) to address business concerns in the wake of recent dismissals and retirements from key regional planning jobs. 
 

Details of municipal cost-sharing for new RCMP digs still up in the air

Talks have yet to begin on cost-sharing for the RCMP's new billion-dollar B.C. headquarters in Surrey, according to a Union of B.C. Municipalities memo.

Real Estate and Development

New mortgage rules good for housing market: BMO Economics

The new mortgage rules announced by federal finance minister Jim Flaherty will increase the odds of a soft landing for the housing market, according to BMO Economics.
   
 

UDI applauds city’s new affordable housing plan

The City of Vancouver will consider streamlining the approval process for affordable rental and social housing, increasing densities at transit hubs and creating a new city-owned affordable housing authority.

Forestry

Catalyst creditors approve reorganization plan

Catalyst Paper Corp.'s (TSX:CTL) creditors have given the OK for a planned restructuring that will see the company sold.

Technology

 

BC genomics-based projects get
$8.7 m injection

Three B.C. labs doing genomics-based research in cancer detection and treatment and another lab researching drug resistance in pathogens are getting an $8.7 million injection to help them get their discoveries to market.