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Dec 5, 2013

NYT | Asian Morning Today's Headlines: Nelson Mandela, South African Icon of Peaceful Resistance, Is Dead.

The New York Times
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Friday, December 6, 2013


Top News
Nelson Mandela, South African Icon of Peaceful Resistance, Is Dead

By LYDIA POLGREEN

Mr. Mandela's decades in prison and insistence on forgiveness over vengeance made him a potent symbol of the struggle to end his country's system of racial domination.
Pope Setting Up Commission on Clerical Child Abuse

By ELISABETTA POVOLEDO and ALAN COWELL

Pope Francis and his closest advisers appear to want to be seen to be tackling the sexual abuse issue with greater firmness than in the past.
An Amazon warehouse in San Bernardino, Calif. The U.S. growth rate was revised higher as businesses accumulated stock.
U.S. Growth Faster Than Estimated as Businesses Stock Up

By NELSON D. SCHWARTZ

The estimate of growth in the third quarter was revised to a 3.6 percent rate from 2.8 percent, with much of the gain attributed to inventory changes and an improving trade picture.
For more top news, go to INYT.com
Editors' Picks
Jochen Bittner

OPINION | OP-ED | JOCHEN BITTNER

Is Rouhani an Iranian Gorbachev?

By JOCHEN BITTNER

Tehran might be trying to find a new balance between the street and the mosque.

BOOKS

Video VIDEO: Holiday Books
The New York Times Book Review looks at art books, travel books, cookbooks and more.

World
Wounded civilians lay on the floor of a hospital on Thursday in Bangui, the capital of the Central African Republic.
As Central African Republic Convulses, Security Council Votes to Strengthen Force There

By ADAM NOSSITER and SOMINI SENGUPTA

Fighting broke out in Bangui, the capital, just before the United Nations Security Council approved a resolution to expand a force in the country.

THE LEDE

Reports From the Central African Republic's 'Darkest Days'

By CHRISTINE HAUSER

As the United Nations authorized African and French military forces to deploy to protect civilians, reporters and aid workers reported from a country descending into deeper tides of blood.
For more world news, go to NYTimes.com/World

Business
Jacob Hoffman-Andrews, right, and Jeff Hodges of Twitter worked on Perfect Forward Secrecy, a stronger encryption protection.
Internet Firms Step Up Efforts to Stop Spying

By NICOLE PERLROTH and VINDU GOEL

After surveillance by the National Security Agency, major Internet companies like Microsoft and Yahoo have moved to strengthen protections of users' data.
. Microsoft Counsel: N.S.A. Hacks an 'Earthquake' for Tech
George Osborne, the British chancellor of the Exchequer, briefed lawmakers on the state of the economy on Thursday.
British Finance Chief Hails Austerity's Benefits

By STEPHEN CASTLE

Amid upbeat growth forecasts. George Osborne, the chancellor of the Exchequer, balanced small giveaways with promises of more harsh medicine.
European Central Bank Sees Reasons for Optimism

By JACK EWING

Revising its euro zone growth forecast for 2014 upward to 1.1 percent, the central bank kept its main interest rate unchanged.
. Bank of England Keeps Interest Rate at Record Low
For more business news, go to INYT.com/Business

Technology
Marjorie Scardino, 66, was chief executive and a board member of Pearson, a publishing and education company, from 1997 to 2012.

BITS BLOG

Twitter Appoints Marjorie Scardino as First Female Board Member

By VINDU GOEL

Following criticism over its all-male board of directors, the social networking company has added the former chief executive of Pearson to the board.
The headquarters of the People's Bank of China in Beijing.

DEALBOOK

For Bitcoin, a Setback in China and an Endorsement on Wall Street

By WILLIAM ALDEN

China has thrown some cold water on Bitcoin, the popular virtual currency that has gained many adherents in the country.
. China Restricts Banks' Use of Bitcoin
. French Central Bank Warns Over Bitcoin Risks

BITS BLOG

Palantir Reloads for the Corporation

By QUENTIN HARDY

A new funding round gave the data insights company with roots in the intelligence world a $9 billion valuation, and it is now aiming for a bigger corporate presence.
For more technology news, go to NYTimes.com/Tech
ADVERTISEMENT

Sports
A worker put the finishing touches on the entrance to the World Cup draw, which will feature celebrities and musical acts in addition to the little matter of setting up the first round of the tournament.

ON SOCCER

At World Cup Draw, Stirring the Pots Will Leave Some Shaken

By SAM BORDEN

The United States and the 31 other teams in the 2014 World Cup will learn their first-round opponents on Friday when FIFA holds the draw in Brazil.
. Explaining Uneven Pots and Other World Cup Draw Intrigue
Aksel  Lund Svindal of Norway on his way to victory in the Super G in Lake Louise, Alberta, on Sunday.

SKIING

Svindal Looks to Stay on Top at Beaver Creek

By KELLEY McMILLAN

The Norwegian downhill skier Aksel Lund Svindal has had three victories at Beaver Creek, but also had a brutal crash there.
Rory McIlroy, right, edged Adam Scott at the Australian Open to record his first win of 2013.
Rediscovering Form, McIlroy Also Finds Some Perspective

By KAREN CROUSE

Rory McIlroy, who began the season ranked No. 1 in the world but has since fallen to No. 6, earned his first victory of 2013 on Sunday at the Australian Open.
For more sports news, go to INYT.com/Sports

U.S. News
Roy Lee Clay, in a photo used as a trial exhibit.
Federal Prosecutors Assailed in Outcry Over Sentencing

By ERIK ECKHOLM

Critics say prosecutors are using their discretionary power to strong-arm defendants into pleading guilty and over-punish those who do not.
Claudia Gutierrez, left, and Teresa Ramirez sold bacon-wrapped hot dogs early one Sunday last month on the Hollywood Walk of Fame in Los Angeles.
Food Carts in Los Angeles Come Out of the Shadows

By IAN LOVETT

A plan introduced in the City Council would legalize and regulate street food vendors, opening the door to the prospect of pork cheek street tacos.
. Photographs  Slide Show: Embracing Street Vending in Los Angeles
Roderick, 22, who wants to be a veterinarian, briefly supported himself in New York with sex.
Poor Black and Hispanic Men Are the Face of H.I.V.

By DONALD G. McNEIL Jr.

The number of new H.I.V. infections nationwide remains stubbornly stuck, with more and more occurring in young black and Hispanic men.
For more U.S. news, go to NYTimes.com/US

Opinion

OP-ED CONTRIBUTOR

Winter Games, Caucasian Misery

By EKATERINA SOKIRIANSKAIA

A wave of repression before the Olympics is inflicting deep damage.

EDITORIAL

The President on Inequality

By THE EDITORIAL BOARD

Mr. Obama said in a speech on the economy and the widening gap in national income that he will devote the rest of his presidency to the crucial issue of social mobility.

Dr. Mandela's Soul Rests in Peace and in God's Glory. December 5, 2013.

My deepest condolences to the family and the South African people for the unfortunate loss of his Excellency Dr. Nelson Mandela who would live forever in our hearts.

Fernando Guzmán Cavero

CMI Gold & Silver | Spot Prices as of Close of Trading in New York December 05, 2013.

CMI Gold and Silver
Spot Prices as of close of trading in New York
Thursday, December 05, 2013


Updated 12/05/2013TodayChangeWeek AgoMonth AgoYear Ago
GOLD$1,232.95-$15.50$1,240.95$1,309.10$1,694.10
SILVER$19.59-$0.28$19.76$21.67$32.95
PLATINUM$1,365.10-$13.10$1,362.00$1,452.10$1,586.50
PALLADIUM$740.50+$5.50$722.25$751.80$689.00
GOLD/SILVER RATIO62.94

DealBook P.M. Edition December 5, 2013: Investors Pull Back From Lampert's Fund Edward S.



THURSDAY, DECEMBER 5, 2013
TOP STORY
Edward Lampert, the chief of Sears, in 2004.
Investors Pull Back From Lampert's Fund Edward S. Lampert was once hailed as a canny value investor in the same league as Warren Buffett, but his struggles with Sears have disenchanted a number of investors.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Kozlowski's New Job: Software Company Clerk
Kozlowski's New Job: Software Company Clerk L. Dennis Kozlowski, the onetime chief executive of Tyco International, has had a clerical job as part of a work-release program at a company that provides software to help veterans and ex-offenders.
Gupta Suit Against Partner Is Dismissed
Gupta Suit Against Partner Is Dismissed Rajat Gupta had accused a former longtime friend of trying to stop him from having a say over a private equity fund they started together.
Glassdoor, a Jobs Website, Raises $50 Million
Glassdoor, a Jobs Website, Raises $50 Million Glassdoor, a job listings site that lets employees anonymously rate and dish on their companies, said on Thursday that the latest round of financing nearly doubled its total fund-raising to $93 million.
The headquarters of the People's Bank of China in Beijing.
For Bitcoin, a Setback in China and an Endorsement on Wall Street China has thrown some cold water on Bitcoin, the popular virtual currency that has gained many adherents in the country.
Reuters Breakingviews: Shaking the Bitcoin Believers China's regulatory assault undermines the narrative that bitcoin is in the vanguard of a global shift toward new, computer-generated forms of money, writes Peter Thal Larsen of Reuters Breakingviews
Japanese Employee at Deutsche Bank Arrested on Bribery Charges
Japanese Employee at Deutsche Bank Arrested on Bribery Charges An employee is suspected of showering a Tokyo pension fund manger with expensive meals and golf outings in return for some 1 billion yen in investments.
Homejoy Raises $38 Million in New Round
Homejoy Raises $38 Million in New Round Homejoy, a year-old start-up that connects customers with pre-screened cleaners, said on Thursday that it had raised new capital from investors that included Google Ventures, Redpoint Ventures and the entrepreneur Max Levchin.
Apax, a European Private Equity Firm, Names 2 New Co-Chiefs
Apax, a European Private Equity Firm, Names 2 New Co-Chiefs Mitch Truwitt and Andrew Sillitoe will take over as co-chief executives beginning in January.
Merck to Buy Specialty Chemical Company for $2.57 Billion
Merck to Buy Specialty Chemical Company for $2.57 Billion Merck said that the purchase of AZ Electronic Materials, which makes chemicals used in semiconductors, would give it "additional growth areas in the electronics industry."
BNP Paribas to Take Control of Polish Unit of Rabobank
BNP Paribas to Take Control of Polish Unit of Rabobank In a deal valued at about $1.36 billion, the Dutch lender Rabobank would sell a 98.5 percent stake in its Polish unit to the French bank BNP Paribas.
China Cinda Said to Raise $2.5 Billion in Hong Kong I.P.O.
China Cinda Said to Raise $2.5 Billion in Hong Kong I.P.O. The hottest deal among investors in Hong Kong this year is a huge bet that a slowdown of the Chinese economy will create a new wave of bad debt.
LOOKING AHEAD
Jobs Report On Friday, the Bureau of Labor Statistics will issue its monthly report on job creation and unemployment in November. The data will be watched closely by traders and investors, because the figures for October were stronger than expected, and another robust reading would heighten the odds that the Federal Reserve will soon begin reducing its stimulus efforts. The consensus among economists polled by Bloomberg News is that the economy created 180,000 jobs in November, while the unemployment rate fell to 7.2 percent from 7.3 percent in October.
For the latest updates, go to dealbook.nytimes.com »
QUOTATION OF THE DAY
"It is not in the contract."
Rishi Bhandari, Rajat Gupta's lawyer, talking with a judge who dismissed a lawsuit against Mr. Gupta's former partner.
DEALBOOK VIDEO
'The Daily Show' Chides Financial Journalism Samantha Bee, a correspondent for "The Daily Show With Jon Stewart," questioned why a no-lose credit-default swaps deal by Blackstone hadn't received wider media coverage.

WSJ | Major Indexes Closing December 05, 2013.

Major Indexes Closing
Major Indexes6:00 p.m. EST 12/05/13
 LASTCHG% CHG
DJIA*15821.51-68.26-0.43
DJ Transportation Average*7156.51-1.42-0.02
DJ Utility Average*484.41-4.48-0.92
Nasdaq*4033.16-4.84-0.12
Nasdaq 100*3477.73-5.28-0.15
S&P 500*1785.03-7.78-0.43
S&P 400 Mid-Cap*1299.051.450.11
S&P 600 Small-Cap*644.641.410.22
DJ Total Stock Market*18738.15-63.76-0.34
NYSE Composite*10016.74-48.13-0.48
NYSE Financial*6169.52-46.86-0.75
Russell 2000*1122.471.090.10
NYSE MKT Composite*2379.115.080.21
KBW Bank*66.47-0.66-0.98
PHLX Gold/Silver*80.97-2.03-2.45
PHLX Housing Sector*183.55-1.26-0.68
PHLX Oil Service*277.77-1.05-0.38
PHLX Semiconductor*509.951.180.23
See All Major U.S. Indexes
Markets Diary5:53 p.m. EST 12/05/13
ISSUESNYSENASDAQNYSE MKT
Advancing1,0451,168130
Declining2,0321,386245
Unchanged918930
Total3,1682,643405
ISSUES AT   
New 52 Week High54913
New 52 Week Low1363717
SHARE VOLUME   
Total3,299,379,7911,864,213,20482,745,777
Advancing1,103,395,265744,644,81629,810,664
Declining2,177,192,9371,095,873,37548,772,121
Unchanged18,791,58923,695,0134,162,992
Major World Indexes4:40 p.m. EST 12/05/13
 LASTCHG% CHG
Global Dow*2400.84-7.44-0.31
DJ Global Index*303.81-0.65-0.21
DJ Global exUS*230.77-0.17-0.07
Stoxx Europe 50*2805.71-26.08-0.92
UK: FTSE 100*6498.33-11.64-0.18
Germany: DAX*9084.95-55.68-0.61
Japan: Nikkei 225*15177.49-230.45-1.50
Hong Kong: Hang Seng*23712.57-16.13-0.07
See All Major World Indexes
Footnotes
Indexes may be real-time or delayed based on exchange requirements.

Sources: SIX Financial Information; WSJ Market Data Group