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Oct 17, 2013

NYT | Breaking News Alert October 10, 2013: Snowden Says in Interview He Took No Secret Files to Russia

The New York Times | BREAKING NEWS ALERT



BREAKING NEWS Thursday, October 17, 2013 6:27 PM EDT
Snowden Says in Interview He Took No Secret Files to Russia
Edward J. Snowden, the former National Security Agency contractor, said in an extensive interview with The New York Times this month that he did not take any secret N.S.A. documents with him to Russia when he fled there in June, assuring that Russian intelligence officials could not get access to them.
He also asserted that he was able to protect the documents from China’s spies because he was familiar with that nation’s intelligence abilities, saying that as an N.S.A. contractor he had targeted Chinese operations and had taught a course on Chinese cybercounterintelligence.
“There’s a zero percent chance the Russians or Chinese have received any documents,” he said.

READ MORE »

http://www.nytimes.com/2013/10/18/world/snowden-says-he-took-no-secret-files-to-russia.html?emc=edit_na_20131017

NYT | Asian Morning Today's Headlines October 17, 2013: Shutdown Over, Government Slowly Gets Back to Normal.

The New York Times



Thursday, October 17, 2013


Top News
Shutdown Over, Government Slowly Gets Back to Normal

By MICHAEL D. SHEAR

Hundreds of thousands of employees began streaming back to work on Thursday after President Obama and Congress ended the shutdown, paving the way for another series of budget talks in the weeks ahead.
Senator Ted Cruz, center, Republican of Texas, told reporters,

News Analysis

Losing a Lot to Get Little

By JEREMY W. PETERS

Republicans could have turned the problem-plagued rollout of the health care law into an argument against it, but instead a failed campaign to strip the law of federal money has left the party in disarray.
President Obama chastised lawmakers over the crisis on Thursday while outlining the budget challenges ahead.

Fiscal Crisis

Obama Urges Compromise on Budget Negotiations

By MICHAEL D. SHEAR

President Obama urged his Republican adversaries on Thursday to view the end of the government shutdown and debt ceiling battles of recent weeks as new opportunities for bipartisan compromise in the weeks ahead. 


Editors' Picks

TECHNOLOGY

Video Video: 110 Seconds With Pogue: Windows 8.1
The Times's David Pogue weighed in on the updates to Microsoft's Windows 8 operating systems, one of which is designed for desktops, the other for tablets.
Roger Cohen

OPINION | Op-Ed Columnist

If Not Now, When?

By ROGER COHEN

If Benjamin Netanyahu is inclined to take risks from strength, the time is now.
. Columnist Page

World
LIFE AS REFUGEES Wedad Sarhan changing the diaper of her granddaughter Douaa at a clinic in Amman, Jordan. Douaa lost her leg when a rocket struck the family's home in Syria.
Scattered by War, Syrians Struggle to Start Over

By NORIMITSU ONISHI

The plight of a family that fled to Jordan shows how the war has forced Syrians to remake their lives in new and often unwelcoming places.
Syrian Official Says Peace Talks Could Resume Nov. 23

By ALAN COWELL

The announcement from a deputy prime minister raised speculation about who would attend and who would represent the fractured opposition.
Effort to Evacuate Syrian Civilians Is Thwarted by Shelling

By ANNE BARNARD

The abortive evacuation was arranged in a small-scale local deal that some aid workers and others had hoped could become a blueprint for building trust.

Business
Slow Reboot for Government Economic Data

By NELSON D. SCHWARTZ

Economists and experts do not expect the delayed data, like employment figures, to come out until next week at the earliest.
At a shop near Capitol Hill on Wednesday. The economic and psychological fallout from the shutdown may linger for months.
Gridlock Has Cost U.S. Billions, and the Meter Is Still Running

By ANNIE LOWREY, NATHANIEL POPPER and NELSON D. SCHWARTZ

Damage to growth, employment and interest rates has already been extensive, economists say, even without a debt default and a continuation of the government shutdown.
. Graphic  Graphic: Most Regions Experienced Modest Growth
China Hints at Effort to Export Cars to West

By KEITH BRADSHER

Western executives said Chinese automakers were starting to ask them to supply parts that meet American and European regulatory standards by 2016.

Technology
Outside of Google's headquarters in Mountain View, Calif. Google is still the leader in online advertising, according to eMarketer, yet the advertising business is changing under its feet.
Google Results Top Wall Street Expectations

By CLAIRE CAIN MILLER

The Internet giant impressed investors, but the price it can demand from advertisers is still dropping.
Ron Conway is one of the tech industry's most influential investors.

DealBook

New Silicon Valley Fund to Back Big Data Start-Ups

By ALEXANDRA STEVENSON

The new fund, backed by Andreessen Horowitz and the celebrity investor Ron Conway, will invest as much as $1 million in ventures that analyze social behavior.
European Authorities Wary of 3-D Guns Made on Printers

By GEORGI KANTCHEV

Lethal weapons can be "printed" on a type of 3-D printer that can be purchased online for about 1,000 euros, or about $1,360.
ADVERTISEMENT

Sports
Mexico's Oribe Peralta, right, after Tuesday's 2-1 loss at Costa Rica.
Red, White and Blue Reprieve for Mexico

By RANDAL C. ARCHIBOLD

The complicated relationship between American and Mexican soccer fans took an unusual turn when Mexico dodged elimination in qualifying for the World Cup thanks to a United States victory.
. Player Ratings: United States (3) vs. Panama (2)
Roy Hodgson said he suffered
In World Cup Soccer, Coaches Suffer Most

By ROB HUGHES

The England manager Roy Hodgson said he suffered "a thousand deaths" before his team finally won passage to the World Cup finals. It's a familiar feeling for many coaches.
Summer Camp for the Winter Olympics

By JOE DRAPE

Every August, the world's best snowboarders flock to Wanaka, New Zealand, where the only Olympic-size halfpipe anywhere in the world is open at that time of year.
. Video | Slide Show

U.S. News
Kenny Wheeler, a self-employed salesman with a neuromuscular disorder, said he found a less expensive insurance plan on Kentucky's online exchange, but it took some legwork.
Search Tools Wanting on Many Exchanges

By ABBY GOODNOUGH

Many who get through the log-in process on the new health insurance exchanges then have trouble determining whether the offered policies will provide the coverage they need.
. Comment Health Exchange: Share Your Experience
Kathleen Sebelius
Sebelius Stands Firm Despite Calls to Resign

By ROBERT PEAR

Kathleen Sebelius, the health and human services secretary, will not bow to Republican demands to resign after the troubled rollout of the health law, people close to her said.
Speaker John A. Boehner before voting Wednesday night. He told his members to hold their heads high, go home and regroup.
Republicans Back Down, Ending Crisis Over Shutdown and Debt Limit

By JONATHAN WEISMAN and ASHLEY PARKER

President Obama swiftly signed a bill funding the government through Jan. 15 and raising the debt limit through Feb. 7. after Senate talks produced a deal amounting to a near total defeat for conservatives.
. Markets Drop as Focus Shifts From Crisis

Opinion

Op-Ed | Slawomir SierakowskI

The Conscience of a Director

By SLAWOMIR SIERAKOWSKI

It took a Polish filmmaker to force Czechs to face a dark moment in their history.

Editorial

The Republican Surrender

By THE EDITORIAL BOARD

After inflicting enormous damage, the House wins virtually nothing and gives up.
Nicholas D. Kristof

Op-Ed Columnist

This Is Your Brain on Toxins

By NICHOLAS D. KRISTOF

What are the lessons from the human catastrophe of lead poisoning over so many decades?
. Columnist Page | Blog

NYT | Breaking News Alert October 17, 2013: Jeh Johnson Will Be Nominated to Lead Department of Homeland Security.

The New York Times | BREAKING NEWS ALERT

|
BREAKING NEWS Thursday, October 17, 2013 4:32 PM EDT
Jeh Johnson Will Be Nominated to Lead Department of Homeland Security
President Obama plans to nominate Jeh C. Johnson, a former general counsel for the Defense Department, to become the next head of the Homeland Security Department, according to administration officials.
If confirmed by the Senate, Mr. Johnson will fill the vacancy left by Janet Napolitano, who resigned in July to lead the University of California system. The coming nomination was first reported by The Daily Beast.
During Mr. Johnson’s tenure at the Defense Department, he spearheaded the end of the “don’t ask, don’t tell” law that barred gays and lesbians from serving openly in the military. He also shaped the Obama administration’s policies on detainees and military commissions.

READ MORE »

http://www.nytimes.com/2013/10/18/us/jeh-c-johnson-will-be-nominated-as-homeland-security-chief.html?emc=edit_na_20131017

CMI Gold & Silver Spot Prices as of Close of Trading in New York October 17, 2013.


CMI Gold and Silver
Spot Prices as of close of trading in New York
Thursday, October 17, 2013
Updated 10/17/2013 Today Change Week Ago Month Ago Year Ago
GOLD $1,322.24 +$39.49 $1,297.75 $1,309.75 $1,753.10
SILVER $21.96 +$0.58 $21.90 $21.79 $33.26
PLATINUM $1,439.00 +$37.70 $1,398.70 $1,425.30 $1,673.90
PALLADIUM $743.00 +$26.20 $715.10 $709.10 $657.30
GOLD/SILVER RATIO 60.22

DealBook P.M. Edition October 17, 2013: Want a Piece of a Star Athlete? Now, You Really Can Buy One.



Thursday, October 17, 2013
TOP STORY
Want a Piece of a Star Athlete? Now, You Really Can Buy One.
Want a Piece of a Star Athlete? Now, You Really Can Buy One. Fantex Holdings, a start-up backed by prominent investors, is creating stocks tied to the value and performance of an athlete's brand. First up: Arian Foster of the Houston Texans.
  • DEALBOOK »
  • DEALBOOK HIGHLIGHTS
    SAC Capital Reaches Tentative Insider Trading Deal
    SAC Capital Reaches Tentative Insider Trading Deal SAC Capital, the embattled hedge fund indicted on insider trading charges, has reached a tentative deal to settle the case and pay more than $1 billion in fines.
    Lloyd Blankfein, chief of Goldman Sachs, at the White House in February.
    Goldman Posts Flat Quarterly Profit but Beats Estimates Goldman Sachs posted third-quarter profit of $1.52 billion, largely flat compared with the period a year earlier, but per-share profit exceeded analysts' estimates as the firm kept a tight handle on expenses.
    New Silicon Valley Fund to Back Big Data Start-Ups
    New Silicon Valley Fund to Back Big Data Start-Ups The new fund, backed by Andreessen Horowitz and the celebrity investor Ron Conway, will invest as much as $1 million in ventures that analyze social behavior.
    Dr. Martens Nears a Deal
    Dr. Martens Nears a Deal The private equity firm Permira is in negotiations to possibly acquire the family-owned Dr. Martens footwear and clothing brand, according to a person familiar with the discussions.
    KPN Still Open to Deal With América Móvil
    KPN Still Open to Deal With América Móvil The Dutch company's announcement comes a day after América Móvil, the Latin American telecommunications giant controlled by Carlos Slim Helú, dropped its takeover bid.
    Blackstone Earnings Rose 3% in Third Quarter
    Blackstone Earnings Rose 3% in Third Quarter Real estate and investment banking helped propel the Blackstone Group to yet another profitable quarter.
    Man Group Reports First Net Inflows in 2 Years The Man Group, the world's largest publicly traded hedge fund, reported its first quarterly net inflows of money in two years, as clients became more confident about a global economic recovery.
    Reuters Breakingviews: A Spanish Lender's Face-Saving Move BBVA has attributed its sale of a 5 percent stake in China's Citic Bank to the new Basel capital rules. But Basel may have provided a graceful way to reduce an underwhelming investment, writes Fiona Maharg-Bravo.
    Quotation of the Day
    "The third quarter's results reflected a period of slow client activity."
    Lloyd C. Blankfein, Goldman's chief, on the bank's earnings.
     

Wall Street at Close Report by MarketWatch October 17, 2013: U.S. Stocks Climb; S&P 500 hits Record High

By Kate Gibson, MarketWatch 
 
NEW YORK (MarketWatch)U.S. stocks ended mostly higher on Thursday, lifting the S&P 500 to a record finish, as Wall Street turned from the latest fiscal drama on Capitol Hill to corporate earnings that included better-than-expected results from Verizon Communications Inc. 

Quarterly reports also included disappointing third-quarter revenue from a handful of high-profile companies, including Dow components International Business Machines Corp. IBM -6.37% and Goldman Sachs Group Inc. GS -2.42%

“We’re now going to shift our focus from Washington to earnings. It’s going to be an OK quarter, but not a barn burner by any stretch of the imagination,” said Phil Orlando, an equity strategist at Federated Investors. 

“All we did was nudge the can a few feet, because we have to come back and do this again in January and February,” said Orlando of the agreements to finance government operations until Jan. 15 and hike the U.S. debt ceiling through the middle of February. The standoff that shut the government for 16 days is “absolutely having an impact on economic growth and consumer spending. I don’t know that folks in Washington get that,” he added. 

Climbing above its Sept. 18 record finish of 1,725.52, the S&P 500 index SPX +0.67%  ended up 11.61 points, or 0.7%, at 1,733.15. It hit an intraday high of 1,733.45, surpassing the prior intraday high of 1,729.86 set on Sept. 19. Telecommunications performed the best and technology the worst of its 10 major sectors.
After a brief climb into positive terrain just ahead of the close, the Dow Jones Industrial Average DJIA -0.01% lost 2.18 points to end at 15,371.65. It had fallen almost 145 points during the session.
Verizon VZ +0.07% fed blue-chip gains, rising 3.5%, after the nation’s biggest cellphone carrier reported a sharp jump in third-quarter income.
American Express Co. AXP -0.08% led gainers on the Dow after it reported results that surpassed Wall Street estimates, with its shares up 5.1%.
IBM shares fell 6.4% after the computer-services provider reported a sixth straight decline in quarterly sales and Goldman Sachs Group Inc. declined 2.4% after the investment bank posted quarterly revenue below Wall Street’s expectations.

Bloomberg Enlarge Image
IBM shares tumble after company reports its sixth straight decline in quarterly sales.
EBay Inc. shares lost 4% after the online auctioneer EBAY +0.08% projected softer-than-expected revenue and profit.
The Nasdaq Composite COMP +0.62%  rose 23.71 points, or 0.6%, at 3,863.15.
For every share falling, just over five advanced on the New York Stock Exchange, where 760 million shares traded. Composite volume cleared 3.4 billion.
Treasury prices rallied, with the yield on the 10-year note 10_YEAR -2.48% down 7 basis points to 2.597%. The dollar DXY -1.05% lost ground against other global currencies including the yen USDJPY -0.83% .


Budget agreement spells relief…for now
WSJ's Jerry Seib reports on the vote to reopen the government and raise the debt ceiling. S&P Chief U.S. Economist Beth Ann Bovino on the potential impact of the next debt ceiling fight. Brendan Conway previews the markets. Photo: Getty Images


Gold futures GCZ3 +2.93%  advanced $40.70, or 3.2%, to finish the session at $1,322.3 an ounce and the price of oil CLX3 -1.58%  fell $1.62, or 1.6%, to $100.67 a barrel on the New York Mercantile Exchange. 

The Philadelphia Federal Reserve’s manufacturing index fell to 19.8 in October from 22.3 in September, with the gauge positive for a fifth consecutive month.
 
U.S. jobless claims fell by 15,000 to 358,000 last week from a revised 373,000 the week before, according to a Labor Department report, with the number skewed by the just-ended government shutdown and computer issues that created a backlog in California. 

“You really can’t look at economic data yet, because the government’s been shut down for three weeks,” said Orlando at Federated Investors. 

Kate Gibson is a reporter for MarketWatch, based in New York. Follow her on Twitter @MWKateGibson.