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Oct 2, 2012

NYT Global Update -October 2, 2012-: U.S. Said to Be Preparing Potential Targets Tied to Libya Attack

The New York Times International Herald Tribune
October 2, 2012 

Global Update


U.S. Said to Be Preparing Potential Targets Tied to Libya Attack

The detailed information being prepared could be used to kill or capture some of the militants suspected in the deadly attack on the American mission in Benghazi.

U.S. Abandoning Hopes for Taliban Peace Deal

Once ambitious American plans for ending the war in Afghanistan are now being replaced by the far more modest goal of setting the stage for Afghans to work out a deal among themselves.

Georgia's President Concedes Defeat in Parliamentary Election

President Mikheil Saakashvili said on Tuesday that the opposition had the lead in Georgia's hotly contested parliamentary race and should form the new government, news agencies reported.
Dining & Wine

Video: Roasting Peppers

Roasting your own peppers are so much better than what you can buy in a store. Melissa Clark shows how.


License to Care

Israel routinely withholds travel permits to Palestinians, depriving many of badly needed medical treatment.

Syrian State TV Lashes Out at Hamas Leader, Calling Him a Traitor

The extraordinary reproof was the government's first broadside against Hamas since the group distanced itself from President Bashar al-Assad earlier this year.

Requests for Bolstered Security in Libya Were Denied, Republicans Say

Leaders of the House oversight committee listed more than a dozen episodes that they said formed the basis for the security requests.

Iran President Ties Currency Drop to Sanctions

In a dramatic address to the nation after a 40 percent fall in the value of Iran's currency over the past week, Mahmoud Ahmadinejad said his country is facing a "psychological war" waged by the United States.

Sites That Pay the Shopper for Being a Seller

Social media shopping sites are offering payments to shoppers who post product links that drive Web traffic and sales.

Deutsche Telekom Nears a Deal to Buy MetroPCS

Deutsche Telekom would merge MetroPCS with its T-Mobile USA unit, as the German company seeks to bolster its flagging business in the United States.

G. M. and Ford Post Lackluster Sales

While General Motors and the Ford Motor Company both reported flat vehicle sales in September, Chrysler continued a steady comeback from its 2009 bankruptcy.

Hey, @SeattlePD: What's the Latest?

The Seattle Police Department has begun 51 hyper-local Twitter accounts to provide crime reports.

Swiss Cows Send Texts to Announce They're in Heat

In Switzerland, where cows are under stress to be more productive and are showing fewer signs of being in heat, a new device lets farmers know when the time is right.

Zuckerberg Meets With Medvedev in a Crucial Market

Russia is an important test case for the balancing act Facebook is undertaking in countries that have traditionally heavily regulated, if not censored, their media.

Vision to Make Magic Is a Rare Gift

When Fabrizio Miccoli scored a miraculous goal for Palermo, he nailed a shot that only a few others could, like Romário and Diego Maradona.

Barbara Ann Scott, Canadian Figure Skater, Dies at 84

Ms. Scott was 19 when she became the first Canadian to win an Olympic gold medal in figure skating singles, in 1948 in St. Moritz, Switzerland, and she remains the only one.
On Golf: Ryder Cup

After Cup Defeat, Scrutiny Over Captain's Picks

Three of Davis Love III's four captain's picks to compete for the United States in the Ryder Cup, including the veteran Jim Furyk, struggled as Europe rallied and emerged victorious on Sunday.

Experts See Signs of El Niño, but a Weak One

A season of warmer ocean waters that has been expected to produce a Niño episode and perhaps bring relief from the drought may turn out to be a bit weaker than advertised.

Border Patrol Agent Is Killed in Arizona

Federal authorities said Nicolas Ivie, 30, was killed in a shooting early Tuesday in Naco, Ariz.

Key Part of Voter ID Law in Pennsylvania Is Delayed for Election

A Pennsylvania judge delayed full implementation of a highly contested state law requiring strict photographic identification to vote in next month's election.
Op-Ed Contributor

Après Merkozy

After a rocky start, François Hollande's aides say he is working well with Angela Merkel.
Op-Ed Columnist

The Opening Statement

Here is what Mitt Romney should say at the first debate this week.
Op-Ed Columnist

Trembling Before Mitt

In advance of the first presidential debate, Barack Obama and Mitt Romney try on the unfamiliar garb of exaggerated humility.

NYT DealBook Afternoon Edition -October 2, 2012-.

Tuesday, October 2, 2012
Deutsche Telekom Nears a Deal to Buy MetroPCS Deutsche Telekom said on Tuesday that it was in talks to buy MetroPCS and merge it with its T-Mobile USA unit, as the German telecom giant seeks to bolster its flagging business in the United States.
As MetroPCS Talks Deal, Sprint Sinks Shares of Sprint slipped by nearly 5 percent on Tuesday after Deutsche Telekom announced that it was in talks to buy MetroPCS and merge it with its American subsidiary, T-Mobile USA.
MetroPCS Spikes on Deal Speculation Shares of MetroPCS Communications shot up more than 21 percent on speculation it was nearing a deal with Deutsche Telekom.
    In Debt: The Intangible Costs of Bankruptcies Stephen J. Lubben says that the indirect costs of a company's financial distress, which are more abstract, have not been studied enough.
    In JPMorgan Case, the Martin Act Rides Again One of the legal weapons most feared on Wall Street -- the Martin Act -- is powering the New York attorney general's new lawsuit against JPMorgan Chase over mortgage-backed securities.
    Einhorn Bets Against Chipotle The share price of Chipotle is dropping like a lead burrito after hedge fund manager David Einhorn called the Mexican eatery overvalued.
    Regulator Urges Appeal of Dodd-Frank Court Ruling Bart Chilton, a Democratic member of the Commodity Futures Trading Commission, on Tuesday assailed a recent court ruling that overturned limits on speculative trading, calling it "deeply flawed" and vulnerable to appeal.
    Thiel Fund Leads Investment in Brazilian Start-Up Peter Thiel's Valar Ventures Management has made its first foray in Brazil, leading an investment in an e-commerce start-up that is trying to shake up the traditional furniture market here and take on an established retailer recently acquired by the Carlyle Group.
    Barclays Continues to Remake Executive Team The British bank has added two new members to its executive committee as it continues to reshape itself in the wake of a rate-rigging scandal.
    Buzz Tracker
    Europe's Banks Should Isolate Risky Businesses Banks in the European Union must split their most risky activities into legally separate units to safeguard the financial system and avoid future bailouts at taxpayers' expense, according to a group of financial experts, James Kanter reports in The New York Times.
    Economic Reports Data to be released on Wednesday include A.D.P. employment for September and I.S.M. service index for September.
    Corporate Earnings Companies scheduled to report quarterly results on Wednesday include Family Dollar Stores and Monsanto.
    In the United States On Wednesday, Meg Whitman, the chief executive of Hewlett-Packard, will discuss the company's strategy and forecast in a presentation to analysts.
    Overseas Ceatec Japan, a consumer electronics convention, take place in Tokyo through Friday.

Stocks and Markets in the News | Wall Street at Close Report -MarketWatch -October 2, 2012-.

By Myra P. Saefong, MarketWatch 

SAN FRANCISCO (MarketWatch) The Dow industrials fell Tuesday, pressured by concerns ahead of quarterly reports on earnings and outlooks, though paring some of their losses by the close as traders mulled Spain’s prospects for a bailout request and credit-rating downgrade. 

The Nasdaq Composite, meanwhile, eked out a modest gain, its first in three sessions.

Merrill Lynch plots raids on a rival In a raid that stands out even in Wall Street's aggressive recruiting culture, Merrill Lynch is arming some managers with lists of top Morgan Stanley Wealth Management brokers who are considered ripe for defection. 

“If you’re a bull, you have to like how the market has sustained its advance with little pullback,” said Brian Greenberg, owner of wealth management firm Brian Greenberg & Associates. “If you’re a bear, you like how the market can’t exceed the 2007 highs.” 

The Dow Jones Industrial Average DJIA -0.24%  shed 32.75 points, or 0.2%, to close at 13,482.36, with 19 of its 30 components trading in negative territory. The index fell as much as 90 points during the session.
Chevron Corp. CVX +0.61% , up 0.6%, was the top gainer in the Dow, while DuPont DD -1.71%  fell 1.7%. 

The S&P 500 index SPX +0.09%  edged up 1.26 points, or 0.1%, to 1,445.75. Of the benchmark index’s 10 sectors, health care and utilities wee the leading gainers, while materials were the largest decliner.

“It is interesting to us that defensive sectors of the market have performed relatively well behind the official announcement and launch of QE3,” said Clark Yingst, chief market analyst from securities and investment banking firm Joseph Gunnar. 

“The strength could reflect investor skepticism regarding the impact of QE3 on real economic activity,” he said. “It could also be attributable to concerns regarding pending earnings reports in cyclical economically-sensitive sectors of the market, concerns that, in our view, are warranted.”
The Nasdaq Composite COMP +0.21%  rose 6.51 points, or 0.2%, to 3,120.04, after trading as low as 3,101.64. 

Apple Inc. AAPL +0.32%  shares reversed course to close 0.3% higher. Google Inc.’s GOOG -0.63%  Motorola Mobility has withdrawn a patent-infringement claim against Apple. See: MetroPCS, Leap shares soar; techs mixed. 
Among the other standouts in trading, shares of Chipotle Mexican Grill Inc. CMG -4.17%  fell 4.2% after David Einhorn of Greenlight Capital told investors at the Value Investing Congress in New York that Chipotle’s biggest challenge is Taco Bell YUM -1.44% . See: Einhorn short-orders Chipotle on Taco Bell’s rise. 
On Tuesday, advancers edged ahead of decliners on the New York Stock Exchange, where 596 million shares traded. Composite volume neared 3.3 billion.

Eyes on Spain, U.S. earnings

Investors pondered news Tuesday from the euro zone as well as prospects for the U.S. earnings season.
“Premarket bullishness” in equities, which had opened mostly higher, was “likely due to expectations that Spain was ready to sign off on receiving bailout money as early as this weekend, but Spanish Prime Minister Mariano Rajoy denied that later in the day, reigniting investor concern about the region,” said David Brown, chief market strategist at Sabrient Systems. “That state of uncertainty, of course, is exactly what the market hates.” 

Reuters, citing unnamed European officials, reported that Spain was prepared to seek a full bailout but that Germany was urging Madrid to hold off. If Spain does request a bailout, that would start to remove some of the uncertainty surrounding the Iberian economy, since it would pave the way for the European Central Bank to buy Spanish bonds and hold down borrowing costs. See: Mark these euro-crisis dates.

Spain's Prime Minister Mariano Rajoy has reportedly said he won’t request a bailout this weekend.
Rajoy, however, has said he does not plan to ask for a bailout this weekend, according to a report in Europa Press Tuesday.
Reuters also reported that Moody’s Investors Service will announce the results of its review of Spain’s sovereign debt rating this month.
Aside from euro-zone news, traders will keep an eye on quarterly financial reports and guidance as the earnings season kicks into full gear starting next week, with earnings from Alcoa Inc. AA -0.67% on Oct. 9. See the Tell blog: 10 stocks whose buybacks should boost EPS. 
Investors are beginning “to worry that corporate earnings will not only be down, but be worse than expected,” said Keith Springer, president of Springer Financial Advisors in Sacramento, Calif. 

On Monday, the Dow gained 0.6% after data showed activity in the U.S. manufacturing sector rose in September to its highest level in four months. See Monday’s story: U.S. stocks get ISM lift, though Bernanke ‘taketh away’. 
Tuesday saw little economic data. CoreLogic reported a 0.3% gain in home prices in August, taking the year-on-year rise to 4.6%. See: Aug. U.S. home prices see top gain in six years. 
September sales for U.S. auto makers were mixed, with Ford Motor Co. F -1.41%  sales virtually unchanged for the month as Toyota Motor Corp.’s TM -0.29%  sales surged. See: Chrysler’s September sales soar; GM, Ford flat. 

In other trading action Tuesday, gold GCZ2 -0.38%  and crude-oil futures CLX2 -0.92%  closed lower. See: Gold futures retreat from 7-month high. 
Myra Saefong is a MarketWatch reporter based in San Francisco.

NYT Politics -October 2, 2012-: Unseen for Months, but Running in Illinois

The New York Times

October 2, 2012


Unseen for Months, but Running in Illinois

Representative Jesse L. Jackson Jr., who has suffered from medical problems, is running a campaign that does not seem to exist.

Offshore Tactics Helped Increase Romneys' Wealth

Offshore arrangements made through Mitt Romney's former company, Bain Capital, were part of tax-avoidance strategies that have enhanced his income.

More Politics

Key Part of Voter ID Law in Pennsylvania Is Delayed for Election

A Pennsylvania judge delayed full implementation of a highly contested state law requiring strict photographic identification to vote in next month's election.
Mitt Romney, pictured here at a September campaign event in Westerville, Ohio, hopes to focus part of his campaign's message on concerns about the nation's growing debt.

Romney Campaign Expands Focus Beyond the Economy

With Mitt Romney's economic arguments faltering, his team plans to refocus its criticisms on energy, health care, taxes, spending and foreign affairs policies.
Mitch McConnell, the Senate Republican leader, says the budget talks depend on the election.

Leaders at Work on Plan to Avert Mandatory Cuts

A bipartisan group of senators is coalescing around an ambitious three-step process to avert automatic tax increases and deep spending cuts facing the country in January.
Jim Lehrer, the former anchor of

Playing Roles of Referee and, Increasingly, Target During Debates

The role of a presidential debate moderator, a task that once stood as a crowning and coveted journalistic achievement, is now subject to partisan rancor.

California Is Latest Stage for Election Battle Over Unions

Labor leaders see a ballot measure that would bar their political contributions as the biggest threat they have faced in this year of challenges to their power.

Republican Party Aims to Remake Florida Supreme Court

State conservatives want voters to oust three justices for their "activism." One of the three calls the campaign a "full-frontal attack" on a fair and impartial judicial system.

The Caucus

Romney Says He Would Honor Immigration Reprieves Granted by Obama

Mitt Romney clarified his stance about an immigration move by the Obama administration that has been hailed by Latinos.

Fallout Over Voter Efforts

Republican Party leaders in four more states have fired a consulting firm that was hired to register new voters, after suspect forms linked to the company were discovered in Florida.

Romney Ad Has New Take on Whether Obama Raised Taxes

Mitt Romney said last month that President Obama had not raised taxes during his tenure, but a new ad asserts the opposite, maintaining the health care overhaul amounts to a tax.

Brown and Warren Clash in Spirited Massachusetts Senate Debate

Both Elizabeth Warren and Senator Scott P. Brown scored points and made slightly embarrassing blunders in their second debate.

At a Romney Home, the View From the Curb

A new web video takes a slap at Mitt Romney and his "47 percent remarks" by showing a sanitation worker whose route, it says, includes Mr. Romney's oceanfront home in La Jolla, Calif.

Election 2012 iPhone App

A one-stop destination for the latest political news, from The Times and other top sources around the Web. Plus opinion, polls, campaign data and video.
The Mitt Romney Who Might Have Been
What Governor Romney's choices tell us about the man who wants to be president.
Oct. 1: Is the Presidential Race Tightening Heading Into the Debates?
Although it's unclear whether President Obama's polls have already begun to decline, it's more likely than not that they will tighten some between now and the election.


Video: Eve of the First Presidential Debate
Romney searches for a line of attack. | Jesse Jackson Jr.'s invisible run for re-election. | More heated issues in the new Supreme Court term.
Interactive Feature: Will You Smile or Cringe? It Depends.
Twelve memorable moments from past debates that helped to define a candidate, for better or worse. Vote for your favorite clip.
Photographs: The 2012 Presidential Campaign, Week by Week
Every week during the 2012 presidential campaign, The Times will be posting a new slide show recapping the events of the past seven days.
Graphic: State of the Race for the Senate
Updated analysis by The New York Times and details on the six races considered tossups.
Interactive Map: House Race Ratings