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Jul 2, 2012

CBS NEWS | Political Hotsheet Top Stories: Rubio: Democrats don't want to solve immigration

The CBS News Political Hotsheet newsletter

Sen. Marco Rubio spoke with CBS News about the ongoing immigration debate and how he believes Democrats use the issue as a campaign tool
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Rubio: Democrats don't want to solve immigration

Health ruling turns Republicans against Court Supreme Court's decision to uphold health care law makes Democrats view court more positively, Republicans view it more negatively

Tea Partiers: Romney best hope to end Ohio Tea Party activists look to Romney to end Obama's health care plan even while expressing reservations about him

Medicaid Republican governors say they can't afford the eventual cost of expanding Medicaid, but for now they're turning down free money and potentially leaving many uninsured

Ann Romney opens up about her battle with MS Ann Romney discussed her battle with multiple sclerosis and how she has to deal with the disease on the campaign trail

NYT Global Update | Top News: Glaxo Agrees to Pay $3 Billion in Fraud Settlement

Global Update


Glaxo Agrees to Pay $3 Billion in Fraud Settlement

GlaxoSmithKline will plead guilty to promoting two popular drugs for unapproved uses and to failing to report important safety data about a diabetes drug.

Newly Elected Mexican Leader Pledges Transparency

President-elect Enrique Peña Nieto began the transition to power on Monday, declaring that he would begin to name members of his cabinet, and pledging to defeat organized crime and improve the economy.

France Faces Budget Cuts to Meet European Target

President François Hollande will have to find $12.6 billion in cuts or revenue in 2012 and as much as $41.5 billion next year, an auditing agency reported.

Video: TimesCast

A stunning return for Mexico's Institutional Revolutionary Party.


Inside Out Is Upside Down

An ill-conceived initiative of British immigration policy is leaving the foreign students already lawfully in Britain school-less - and looking for illegal jobs.

Iran Takes Defiant Steps Over New Sanctions

Iran threatened to close the Strait of Hormuz and announced a three-day missile testing exercise in what were seen as a saber-rattling responses to the new sanctions on its oil exports.

Already Plagued by Inflation, Iran Is Bracing for Worse

The rial has fallen 50 percent against other currencies in the last year, and measures to cut oil exports are expected to further the economic toll.

Hamas Suspends Voter Registration in Gaza

Hamas said it suspended the elections commission for not treating its supporters in the West Bank fairly, halting one of the only tangible steps toward reconciliation with the rival Fatah Party based in the West Bank.

High School Club Fosters Tech Moguls

The Paly Entrepreneurs Club in Palo Alto, Calif., meets to discuss members' ventures and ideas and to explore matters like money-raising and new markets.

Documents Seem to Endanger Ratings Agency Legal Defense

Court documents cast doubt on the independence of Moody's and Standard & Poor's in grading a deal involving a British debt issuer, Cheyne Finance, that went bad in 2007.

Dell to Buy Quest Software for $2.4 Billion

Dell, looking to expand beyond its business of selling personal computers, announced on Monday that it would buy Quest Software.

Its I.P.O. Botched, Facebook Looks Hard at Nasdaq

Tensions are so high that the social networking company is still considering switching exchanges and is weighing the costs of such a move, officials there said.

Micron to Acquire Elpida Memory in Deal Valued at $2.5 Billion

Micron Technology has agreed to buy Elpida Memory, which filed for bankruptcy earlier this year, for $754 million in cash and $1.76 billion in installments to cover debt.

A Summer Storm's Disruption Is Felt in the Technology Cloud

A failure in Amazon's cloud computing service might prompt some companies to re-examine their dependence on such services.

Spain's Destruction of Italy Silences the Doubters

David Silva, Jordi Alba, Fernando Torres and Juan Mata scored in the 4-0 victory over Italy in the final. But it could have been any Spaniard, because, as the critics kept insisting, Spain lacks a central striker.

Moments to Remember, and the Other Kind

Throughout four weeks, 31 matches and almost 3,000 minutes of play, the team that surprised most in the European championship was Italy.

And Now That Poland's Party Is Over?

There is still work to be done to finish the modernization that Euro 2012 stimulated, but people in Gdansk, Poland, especially young people, are taking a new pride in their country and its place in Europe.

Probation Fees Rise, Firms Profit and the Poor Go to Jail

In an effort to improve revenue, courts are turning to businesses that specialize in collections, resulting in costs that can reach thousands of dollars for a minor traffic offense.

Oxygen Problems Elude Air Force's Fixes for F-22

A step forward on oxygen flow problems seemed to come last month, but then another pilot told of discomfort from intermittent airflow into his mask during flight.

Stung by Recession, Young Voters Shed Image as Obama Brigade

Since President Obama swept into office with vast backing from young people, a new corps of voters have come of age with views shaped by the recession.
Op-Ed Contributor

Egyptian Apathy on Human Rights

Egyptians show scant sympathy for those who have fallen afoul of the army, or are assaulted by the mob.
Op-Ed Columnist

Europe's Great Illusion

One scenario says that European leaders will, in the end, do whatever it takes to prevent disaster. But that's been said before.
Op-Ed Columnist

Show Me Your Papers

Americans should get over their anxieties about a national identification card.

The Economist | Selected New Articlles: Mexico, Syria and Spain's spectacular win

The EconomistNew on The Economist online

Americas view: The PRI is back
The party that ran the country for 70 years straight has reclaimed the presidency
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Newsbook: How the news gets out
Reporting on a war-torn country where journalists cannot circulate freely is hard. Here's how it is done
read more »
Democracy in America: The fight to come
More important than the mandate is the looming fight over Medicaid
read more »

Free exchange: On a "real" Marshall Plan for Greece
What would a real Marshall Plan for Greece entail and would it work?
read more »
Blighty: The thinning blue line
Budget cuts are changing the face of policing
read more »
Eastern approaches: A just man needed
A new justice minister faces old problems
read more »
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Game theory: The next big thing
The Spanish are European football's undisputed masters. Who are its greatest disappointments?
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Prospero: Stories from elsewhere
Pioneering publishers are bringing more international fiction to America and Britain
read more »
Graphic detail: A broken record
How often have various assets hit record highs or lows?
read more »
Online debate: Cybersecurity
Is a hyperconnected world a less secure world?
read more »

DealBook | DealB%K Afternoon Edition: Dell to Buy Quest Software for $2.4 Billion

Monday, July 2, 2012
A Dell computer factory in Sriperumbudur Taluk, India.
Dell to Buy Quest Software for $2.4 Billion Dell announced on Monday that it would buy Quest Software for $2.4 billion, as it looked to expand beyond its main business of selling personal computers. Under the terms of the deal, Dell will pay $28 a share for Quest, emerging as the winner in a bidding war for the software company.
    Einhorn Stakes $1 Million on a Poker Game for Charity The no-limit Texas hold'em tournament, which began on Sunday in Las Vegas and lasts through Tuesday, marks a return to the felt tables for hedge fund manager David Einhorn.
    GE Capital Sells Property Lending Unit for $2.51 Billion EverBank Financial Corporation, a bank based in Florida that went public last month, has agreed to acquire Business Property Lending, a unit of GE Capital, for $2.51 billion in cash.
    Micron to Acquire Elpida Memory in Deal Valued at $2.5 Billion Micron Technology has agreed to buy Elpida Memory, which filed for bankruptcy earlier this year, for $754 million in cash and $1.76 billion in installments to cover debt.
    Economic Reports Data released on Tuesday will include factory orders for May and North American vehicle sales for June.
    In the United States The International Monetary Fund will release its annual report on the United States economy at a news conference on Tuesday with Christine Lagarde, the managing director.
    International Negotiators from nine Pacific Rim countries, including the United States, are holding the latest round of talks on a trade pact in San Diego, Calif., through July 10.
    DealBook Video
    Business Day Live: Beijing's Economic Role in Africa
    Business Day Live: Beijing's Economic Role in Africa Dambisa Moyo on China's economic role in Africa. | Why hedge funds look for directors in the Cayman Islands. | What to expect from the week's employment reports.


MarketWatch | Personal Finance Daily: Hidden fees of renting an apartment

By MarketWatch
Don’t miss these top stories:
Social Security may be a lot more valuable to you than you realize—particularly if you’re married. Check out our story today about some strategies to help maximize your money, and potentially add tens of thousands of dollars to your retirement savings.
Plus, don’t miss Amy Hoak’s Home Economics column for a look at some of the unexpected costs renters run into when they rent an apartment. And check out Rex Nutting’s story today to find out why a recession in the U.S. looks likelier than ever.
Andrea Coombes , Personal Finance editor

Hidden fees of renting an apartment

The cost of renting an apartment has risen in recent years and as demand has risen for rentals, shopping for the perfect home has gotten more competitive in many markets.
Hidden fees of renting an apartment.

Couples can boost their Social Security checks

You’d think claiming Social Security would be a simple retirement decision—you retire and you start your benefits. But there are certain complex strategies that can help pad a married couple’s retirement savings with tens of thousands of dollars of additional income.
Couples can boost their Social Security checks.

AT&T subscribers win in cable battle

The cable wars could serve someday as an excellent backdrop for a dramatic series, writes media columnist Jon Friedman
AT&T subscribers win in cable battle.


Recession now much more likely

There’s no way to sugarcoat it: The already-sluggish U.S. economy is stalling out, stung by doubts about our economic and fiscal future, writes Rex Nutting.
Recession now much more likely.

Manufacturing activity shrinks in June, ISM says

Manufacturing activity shrunk in June for the first time in three years, according to a key report released Monday that points to a deteriorating U.S. economy.
Manufacturing activity shrinks in June, ISM says.
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Stocks and Markets in The News | Wall Street at Close: Dow industrials down 9 points; Nasdaq, S&P 500 up

U.S. Markets Headlines

Phillips 66 hits gas; Sunoco inks refinery deal Reuters reports Chesapeake, Encana under investigation for 2010 land deals; refiners rise on bullish comments from Deutsche Bank.
4:48 p.m. Today
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
Dow slips as manufacturing activity shrinks Blue-chip stocks fall slightly after data showing that U.S. manufacturing activity dropped into contraction territory in June for the first time in three years, but the Nasdaq Composite and S&P 500 index finish modestly higher.
4:47 p.m. Today
Enrique Pena Nieto, presidential candidate of the opposition Institutional Revolutionary Party (PRI), looks during a ceremony to sign a civility pact at the Federal Electoral Institute (IFE) in Mexico City June 28, 2012.  - Reuters
Mexican shares lower after weak U.S. data Prices fall in Mexico City, with stocks trading lower after poor U.S. manufacturing figures highlight growth worries for Mexico’s leading trade partner. Investors also digest a likely outcome in the Mexican presidential election.
4:45 p.m. Today
Barclays Chairman Marcus Agius - Barclays
Financial stocks counter data to close up Financial stocks lose some early steam Monday but close higher even as economic data indicates manufacturing activity in the U.S. has slipped back into correction territory.
4:43 p.m. Today
Dell founder and CEO Michael Dell delivers his keynote address at Oracle Open World in San Francisco, California September 22, 2010. REUTERS/Robert Galbraith (UNITED STATES - Tags: SCI TECH BUSINESS) - Reuters
Micron jumps, Dell slumps on M&A deals Tech stocks edge higher, as Dell shares fall on $2.4 billion deal to buy Quest Software. Micron gets a bump on buying Elpida.
4:23 p.m. Today
Dow industrials down 9 points; Nasdaq, S&P 500 up SAN FRANCISCO (MarketWatch) -- U.S. blue-chip stocks finished slightly lower for the session on Monday, after data showed that U.S. manufacturing activity shrank in June for the first time in three years, but the Nasdaq Composite and S&P 500 index posted modest gains. The "ISM is not doomsday, but a euro-zone break up is," said Michael Gayed, chief investment strategist at Pension Partners LLC. "Traders realize it is more important to remove the euro-zone event risk, than what the U.S. manufacturing side does." The Dow Jones Industrial Average fell 8.70 points, or 0.1%, to 12,871.39, while the S&P 500 rose 3.35 points, or 0.25%, to 1,365.51. The Nasdaq Composite climbed 16.18 points, or 0.6%, to 2,951.23, with shares of Brightpoint leading the climb after Ingram Micro Inc. said it would buy the wireless-equipment provider for roughly $622 million.
4:16 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. -
Treasury yields fall to lowest in a month Treasury prices extend gains after the ISM’s report on the U.S. manufacturing sector, while worries about Europe simmer.
3:39 p.m. Today
A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. Picture taken January 26. REUTERS/Kacper Pempel (POLAND - Tags: BUSINESS) - Reuters Euro falls below $1.26 after ISM The dollar climbs more against the euro after a weaker-than-expected reading on U.S. manufacturing turned stocks negative and supported relative safe havens, including the greenback and Treasury bonds.
3:27 p.m. Today

SEC | Enforcement Actions: Listings of Company Delinquent Filings Update

Release No. Date Action
Third Quarter
34-67330 Jul. 2, 2012 Apogee Technology, Inc.
Second Quarter
34-67313 Jun. 29, 2012 Citizens Capital Corp.
34-67312 Jun. 29, 2012 Calais Resources Inc.
34-67310 Jun. 29, 2012 AngelCiti Entertainment, Inc., BodyTel Scientific, Inc., Clearant, Inc., Comdial Corp., (n/k/a CMDL Corporation), DataMetrics Corp., and Green Energy Group, Inc. (a/k/a eCom eCom.Com, Inc.)
34-67288 Jun. 28, 2012 One Voice Technologies, Inc., Orchestra Therapeutics, Inc., Path 1 Network Technologies, Inc., Pavilion Energy Resources, Inc. (f/k/a Global Business Services, Inc.), Pine Valley Mining Corp., Platina Energy Group, Inc., Pop N Go, Inc., and Powercold Corp.
34-67287 Jun. 28, 2012 Alderox, Inc., Applied Solar, Inc., Artes Medical, Inc., Askmenow, Inc., Blink Logic Inc., and Convergence Ethanol, Inc. 

Construction spending in May 2012 Seasonally adjusted rate up 0.9% from April and 7.0% from April 2011: ESA | Costruction Put in Place

ESA Logo

Construction spending in May 2012 was $830.0 billion at a seasonally adjusted annual rate, up 0.9 percent from the revised April 2012 estimate and up 7.0 percent from April 2011.

CBS NEWS | Daily News Summary: Amid ruins of burned-out homes, precious keepsakes
July 02, 2012 | DAILY NEWS SUMMARY

Thousands of evacuees from Colorado Springs wildfire allowed home briefly; Firefighting plane crashes in S. Dakota
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Amid ruins of burned-out homes, precious keepsakes
Inside reported al Qaeda plot to hit U.S. plane U.S. intelligence officials say al Qaeda has reportedly chosen a Norwegian man to blow up an American airliner this summer. John Miller speaks to the "CBS This Morning" co-hosts about the security threat.

Sweltering heat, no power: Dangerous 1-2 punch Officials say it could take days to restore electricity to millions after violent Mid-Atlantic storms

Conservatives on court went too far for Roberts CBS News' Jan Crawford reports on the sticking point that kept Supreme Court Justice John Roberts from joining conservatives to strike down the health law

Qatar: A tiny country asserts powerful influence The Arab Spring is spreading, but not to Qatar, a tiny, oil-rich country wedged between Saudi Arabia and Iran. What keeps the peace in Qatar?

Stuxnet: Computer worm opens new era of warfare Computer virus's evident success in damaging Iran's nuclear facility has officials asking if our own infrastructure is safe. Steve Kroft reports.

Truffles: The Most Expensive Food in the World European white truffles sell for as much as $3,600 a pound, but harvests are down and a black market has emerged -- none of which has dampened the appetite for this prized fungi. Lesley Stahl reports.

Stuxnet copycats: Let the hacking begin How Stuxnet-inspired hackers have already begun designing computer viruses that could destroy critical U.S. infrastructure

Fort Bragg soldier who shot commander dies Military says Spc. Ricky G. Elder of Hutchinson, who shot and killed superior officer, died of self-inflicted wounds