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Feb 27, 2014

NYT | Asian Morning Today's Headlines February 28, 2014.

The New York Times
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Friday, February 28, 2014


Top News
Armed Standoff in Crimea as Russia Assures U.S. on Ukraine

By ANDREW HIGGINS and STEVEN LEE MYERS

After masked gunmen seized the Crimean Parliament and raised the Russian flag, Russia's foreign minister told Secretary of State John Kerry it would respect Ukraine's "territorial integrity."
The interior of the Mezhyhirya, the private residence of ousted Ukrainian President Viktor Yanukovych, near Kiev.
At an Abandoned Palace in Ukraine, an Anxious Look Toward the Future

By STEVEN ERLANGER

After three months at the barricades in Kiev, Arthur Pereverziev is in charge of the abandoned presidential palace. He worries that this revolution will be short-circuited by a failure to change the political system.
Secretary of Defense Chuck Hagel at the NATO headquarters in Brussels on Thursday.
Hagel Warns Russia Not to Intervene in Ukraine

By HELENE COOPER

At a NATO meeting, Secretary of Defense Chuck Hagel and other defense ministers offered support for the new leadership in Kiev.
For more top news, go to INYT.com


Editors' Picks

OPINION | EDITORIAL

China's Growing Stake in Stability

By THE EDITORIAL BOARD

Greater investments in foreign companies can be a counterweight to global tensions.

FASHION & STYLE

Video VIDEO: Intersection: Rainy Day Style in Milan
In Milan's Navigli District, locals embrace vintage clothing and bright colors.
World
Putin's Silence on Ukraine Adds to Confusion

By STEVEN LEE MYERS

As Russia faces calls for an active response to Ukraine's deepening political crisis, the question asked by many is whether President Vladimir V. Putin intended it that way.
A woman and her child lighting candles Wednesday in memory of protesters killed in recent clashes with the police in Kiev.
In Ukraine, Naming of Interim Government Gets Mixed Response

By DAVID M. HERSZENHORN

As the names of the proposed ministers were read in Independence Square in Kiev, it became clear just how completely the ordinary people had seized control of the direction of Ukraine.
. As Ukraine Crisis Rumbles, Georgia Leader Visits U.S.
Prize Catch for Ukrainians at Boat Harbor: A Soggy Trove of Government Secrets

By ANDREW E. KRAMER

Documents fished out of the water provide a portrait of the final weeks, days and hours of members of a besieged inner circle trying desperately to maintain their grip on the government.
. Ukrainian Journalists Launch YanukovychLeaks
For more world news, go to NYTimes.com/World
Business
Federal Deficit Falls to Smallest Level Since 2008

By ANNIE LOWREY

The budget deficit dropped to $680 billion in the 2013 fiscal year from about $1.1 trillion the year before, largely aided by a rise in tax revenue.
In a shift from her testimony two weeks ago, Janet Yellen, chairwoman of the Federal Reserve, cited the recent slow pace of job growth and weakness in the housing market.
Fed Looks at Whether Cold Is Chilling the Economy

By BINYAMIN APPELBAUM

Janet L. Yellen, the Federal Reserve chairwoman, told a congressional panel that it was unclear if recent lackluster economic measures were entirely attributable to cold weather.
. Economix Blog: The Curse of Unanimity
The chairman of Sears Holdings said the holiday season had been
Bleak Retail Reports Continue With Sears and Best Buy

By ELIZABETH A. HARRIS

Sears lost $358 million in the fourth quarter of 2013, while Best Buy's same-store sales were down 1.7 percent in the quarter.
For more business news, go to INYT.com/Business
Technology
John J. Legere, T-Mobile's chief executive, branded his company the

STATE OF THE ART

T-Mobile Turns an Industry on Its Ear

By FARHAD MANJOO

The fourth-ranking carrier blew up the rules on smartphones and wireless contracts, to the benefit of many consumers.
British Man Charged With Hacking Fed Computers

By REUTERS

A British man who was arrested in October has been charged with hacking into computer servers belonging to the United States Federal Reserve.
A vendor selling phone cases in Guangzhou, China. Samsung's bigger-screen smartphones have sold well in Asian markets.
Handset Makers Go Big on Smartphones

By BRIAN X. CHEN

The turn to bigger screens is a sharp departure from the dominant strategy of phone makers just a few years ago, when critics said people would never buy them.
. Machine Learning: Phone, Meet Tablet. That's Phabulous.
. Video  Video: The Rise of the Phablet
For more technology news, go to NYTimes.com/Tech
ADVERTISEMENT
Sports
Michael Schumacher, who was injured in a skiing accident Dec. 29, 2013, was known on the slopes as a good skier.
Two Months After Michael Schumacher's Ski Accident, Hopes for His Recovery Dim

By JOHN F. BURNS

What little is known of the condition of the most successful Grand Prix racing driver in history is not encouraging for his prospects of recovery.
The Rev. William Hamill, of the Roman Catholic diocese of Tulsa, is one of many religious leaders who have delivered a prayer before the national anthem at every Thunder home game.
Praying for the Home Team in Oklahoma City

By ANDREW KEH

A prayer is delivered before each Oklahoma City Thunder game, briefly turning a sports event into something more akin to a megachurch gathering.
Photographs of Patrick Grange, who had chronic traumatic encephalopathy and died of amyotrophic lateral sclerosis at 29, at his parents' home in Albuquerque.
Brain Trauma Extends to the Soccer Field

By JOHN BRANCH

Researchers found C.T.E., a disease linked to football and boxing, in a soccer player who loved to head the ball, although they said the cause was inconclusive.
For more sports news, go to INYT.com/Sports
U.S. News
Gov. Jerry Brown of California addressed concerns about the state's drought earlier this month. 
Brown to Run for Re-election as California Governor

By JENNIFER MEDINA

Jerry Brown's re-election bid has been widely anticipated and his announcement came with understated fanfare.
Gov. Jan Brewer of Arizona on Wednesday.
Arizona Governor Praised for Veto of Antigay Bill

By FERNANDA SANTOS

After her announcement, Gov. Jan Brewer of Arizona, a Republican, was hailed by national political figures on both sides of the aisle, including Hillary Rodham Clinton and John McCain.
. Arizona Governor Vetoes Bill on Refusal of Service to Gays
Federal Judge Strikes Down Texas' Ban on Same-Sex Marriage

By MANNY FERNANDEZ

Although significant, the ruling will have no immediate effect, since the judge issued a stay on his decision pending a likely appeal.
For more U.S. news, go to NYTimes.com/US
Opinion

OPINIONATOR | PRIVATE LIVES

Keepsakes From Across the Border

By ANTONIO RUIZ-CAMACHO

Would my American sons look at Mexico the same way I did as a boy, with disdain?

TODAY'S EDITORIALS

A Simpler Tax Plan, Not a Better One

By THE EDITORIAL BOARD

The Republican proposal fails to improve a tax code that is inadequate to the country's needs.
. Better Lawyering for the Poor
. Liar's Jackpot
. Ukraine and the Perils of Division
Charles M. Blow

OP-ED COLUMNIST

No Country for Old Mores

By CHARLES M. BLOW

Just as young people are turning away from religions that don't tolerate gay and lesbian people, they may turn from the Republican Party, too.
. Columnist Page
For more opinion, go to INYT.com/Opinion

FRB | Press Release February 27, 2014: Federal Reserve Board announces 30-day comment period extension for proposed rulemaking regarding physical commodity activities conducted by financial holding companies

Press Release

Release Date: February 27, 2014

For immediate release


The public will have an additional 30 days to comment on an advance notice of proposed rulemaking regarding physical commodity activities conducted by financial holding companies, the Federal Reserve Board said Thursday. Comments are now due April 16, 2014.
The Board is considering whether additional restrictions would help ensure that physical commodities activities of financial holding companies are conducted in a safe and sound manner and do not pose a threat to financial stability. The Board extended the comment period to allow interested persons more time to analyze the issues and prepare their comments.
For media inquiries, call 202-452-2955.

Attachment (18 KB PDF)
 
Last update: February 27, 2014

DealBook P.M. Edition February 27, 2014: The So-Called Blackstone Bill, Resurrected

For the latest updates, go to dealbook.nytimes.com »
THURSDAY, FEBRUARY 27, 2014
DEALBOOK HIGHLIGHTS
A lavish birthday bash in 2007 for Stephen Schwarzman, the chairman of Blackstone Group, was said to be the impetus for legislation aimed at the private equity sector.
The So-Called Blackstone Bill, Resurrected If a proposal by Representative Dave Camp goes through, publicly traded private equity firms would either have to take themselves private again or pay corporate-level taxes, Victor Fleischer writes in the Standard Deduction column.
Daniel A. D'Aniello, David M. Rubenstein and William E. Conway Jr., pictured in 2007.
For Carlyle's Founders, a $750 Million Payday The 2013 earnings, a mix of investment profits, dividends and base salary, underscore the success of Carlyle, which took advantage of buoyant stock markets last year and reaped big gains from selling its investments.
Martin Wheatley is the chief executive of the Financial Conduct Authority, Britain's markets regulator.
British Regulator Pursuing Charges Against 3rd Person in Libor Case The Financial Conduct Authority issued a warning against an unnamed individual at an unnamed bank, on allegations that the person colluded with another trader in an attempt to influence interest rate benchmarks.
Ross McEwan is the chief executive of the Royal Bank of Scotland Group.
R.B.S. Posts $15 Billion Loss for 2013 The loss at the Royal Bank of Scotland Group, which is mostly owned by the British government, grew as the bank set aside £3.8 billion for possible legal bills and wrote down the value of assets by £4.8 billion.
Joseph A. Dear took charge of Calpers's investments at a dark moment in its history.
Joseph Dear, Calpers Investment Chief, Dies at 62Mr. Dear, the chief investment officer of the California Public Employees' Retirement System, restored the pension fund to health after the financial crisis.
Andrew O'Brien.
A JPMorgan Co-Head of Debt Capital Markets to Take a New Role One of JPMorgan Chase's heads of debt capital markets, Andrew O'Brien, will take on a broader new role overseeing lending activity across the investment bank, the firm announced in an internal memo on Thursday.
Ukraine is looking for a bailout. Greece will probably need another one as well.
A World Tour for Restructuring Enthusiasts There's something for everyone now in the world of restructuring and bankruptcy, including bailouts, bond deals and looming Chapter 11 filings, Stephen J. Lubben writes in the In Debt column.
Versace has long been one of the best-known presences on the runway.
Versace Agrees to Sell Stake to Blackstone Versace became the latest luxury label to be successfully courted by a Wall Street investor, confirming that it had agreed to sell a 20 percent stake to the Blackstone Group in a deal that values the company at nearly $1.4 billion.
John Donahoe, chief executive of eBay, has resisted the idea of splitting off PayPal.
PayPal Has the Maturity to Go Out on Its Own The activist investor Carl Icahn has a point when he says that splitting eBay in two would make investors about 15 percent richer, argues Robert Cyran of Reuters Breakingviews.
Another Lesson From the Fed's Crisis Transcripts The release of the transcripts of the Federal Open Market Committee meetings offers an opportunity to look at how analysis of the government decision-making process is changing, writes David Zaring in an Another View column.
Masayoshi Son, the founder and chief executive of SoftBank.
SoftBank's Investment in Alibaba May Turn Into a Burden For now, SoftBank, through its stake in Alibaba, is one of the few ways for public investors to gain exposure to the Chinese e-commerce giant. But that advantage will disappear when Alibaba goes public, writes Una Galani of Reuters Breakingviews.
LOOKING AHEAD
A revision to the gross economic product for the fourth quarter tops the economic agenda. Liberty Media and Pearson report earnings.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Biggest Decliners Closing February 27, 2014.

Biggest Decliners Closing
Biggest Decliners
4:32 pm ET 02/27/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Swift Energy (SFY)10,545,612$9.94-1.90-16.05
Campus Crest Communities (CCG)2,836,1938.36-0.97-10.40
Circor International (CIR)410,10171.23-7.98-10.07
Roundys (RNDY)3,395,5646.15-0.60-8.89
Chico's Fas (CHS)15,056,63116.47-1.53-8.50
Walter Investment Management (WAC)6,980,52425.90-2.38-8.42
CGG ADS (CGG)43,14315.27-1.21-7.34
New Oriental Education&Technology Group ADS (EDU)3,788,31428.09-2.06-6.83
Babcock&Wilcox (BWC)4,816,78832.75-2.38-6.77
Laredo Petroleum (LPI)4,582,91225.60-1.83-6.67
Xueda Education Group ADS (XUE)135,2186.21-0.42-6.33
Royal Bank of Scotland Group ADS (RBS)2,669,84211.00-0.73-6.22
Quad/Graphics (QUAD)1,260,69923.50-1.45-5.81
Alon USA Energy (ALJ)555,74813.59-0.82-5.69
Delek US Holdings (DK)1,191,22828.82-1.57-5.17
Controladora Vuela Compania de Aviacion ADS (VLRS)1,528,5039.41-0.49-4.95
Halcon Resources (HK)11,366,3433.67-0.19-4.92
LG Display ADS (LPL)919,94911.33-0.57-4.79
LightInTheBox Holding ADS (LITB)668,3758.56-0.43-4.78
Just Energy Group (JE)1,428,5517.60-0.38-4.76
Palo Alto Networks (PANW)2,333,36572.49-3.57-4.69
LSB Industries (LXU)472,48632.52-1.58-4.63
Marathon Petroleum (MPC)7,170,11884.15-3.89-4.42
Valero Energy (VLO)15,302,48648.51-2.21-4.36
Western Refining (WNR)1,873,79137.47-1.70-4.34
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Supertel Hospitality (SPPR)93,528$2.41-0.52-17.75
BioScrip (BIOS)8,186,4807.40-1.04-12.32
Catamaran (CTRX)18,559,60346.17-5.64-10.89
Nutrisystem (NTRI)2,361,32915.07-1.75-10.40
Royal Bancshares of Pennsylvania Cl A (RBPAA)29,4992.39-0.26-9.80
Burcon Nutrascience (BUR)7,6002.74-0.29-9.65
Questcor Pharmaceuticals (QCOR)10,227,98967.47-6.74-9.08
Microvision (MVIS)1,952,9992.13-0.20-8.58
China Information Technology (CNIT)99,4665.20-0.42-7.47
EZchip Semiconductor (EZCH)596,54226.96-2.11-7.26
LKQ (LKQ)11,230,37826.96-2.11-7.26
NewLink Genetics (NLNK)414,20246.76-3.46-6.89
Integrated Device Technology (IDTI)4,807,37712.05-0.81-6.30
Kythera Biopharmaceuticals (KYTH)340,20852.56-3.42-6.11
BreitBurn Energy Partners (BBEP)3,674,22219.87-1.21-5.74
Dyax (DYAX)1,802,79510.20-0.62-5.73
Lakeland Industries (LAKE)10,2696.51-0.38-5.52
Koss (KOSS)10,1724.70-0.27-5.51
Quality Distribution (QLTY)598,89513.08-0.69-5.01
Atlanticus Holdings (ATLC)5,2362.56-0.13-4.83
Arrowhead Research (ARWR)1,154,11920.89-1.05-4.79
InterMune (ITMN)6,345,08830.65-1.53-4.75
Anika Therapeutics (ANIK)2,082,28843.73-2.17-4.73
Cypress Semiconductor (CY)3,548,4689.77-0.48-4.68
Nektar Therapeutics (NKTR)2,418,35613.06-0.64-4.67
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
Direxion Daily FTSE China Bear 3X Shares (YANG)104,550$24.13-2.13-8.11
Barclays Short B Leverages S&P 500 Trust ETN (BXDB)18,78114.80-1.09-6.86
ProShares UltraShort MSCI Brazil Capped (BZQ)77,85788.97-5.95-6.27
Direxion Daily Emerging Markets Bear 3x Shares (EDZ)2,083,89844.30-2.61-5.56
ProShares UltraShort FTSE China 25 (FXP)191,71367.94-3.82-5.32
ProShares UltraShort MSCI Emerging Markets (EEV)249,08421.70-0.88-3.90
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)2,351,73525.16-0.92-3.53
PowerShares DB Base Metals Short ETN (BOS)2,45120.08-0.62-2.99
iPath Global Carbon ETN (GRN)36,2987.85-0.24-2.97
Teucrium Wheat Fund (WEAT)87,66214.20-0.42-2.89
Direxion DailyTechnology Bear 3x Shares (TECS)37,39619.63-0.44-2.19
Market Vectors Indonesia Small-Cap ETF (IDXJ)5,23113.20-0.27-2.03
PowerShares DB 3x Short 25+ Year Treasury Bond Exchange Traded Note (SBND)68,3228.52-0.17-2.00
ProShares UltraPro Short Russell2000 (SRTY)944,63438.81-0.79-1.99
ProShares Short MSCI Emerging Markets (EUM)525,76927.40-0.55-1.97
UBS AG E-TRACS linked to Dow Jones UBS Commodity Index Total Return (DJCI)8,56724.36-0.48-1.93
SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS)2,00041.71-0.79-1.86
JPMorgan Alerian MLP ETN (AMJ)527,43846.10-0.87-1.85
ProShares UltraShort Basic Materials (SMN)29,62032.87-0.62-1.85
UBS AG 1xMonthly Short E-TRACS for Alerian MLP Infrastructure Total Return Index 2040 (MLPS)3,34512.19-0.23-1.85
Direxion Daily Small Cap Bear 3x Shares (TZA)11,636,05415.35-0.28-1.79
ProShares UltraPro Short S&P 500 (SPXU)4,575,52758.28-1.00-1.69
ETRACS Alerian MLP Index ETN (AMU)29,68529.05-0.49-1.66
db X-trackers 2040 Target Date Fund (TDV)3,81627.90-0.47-1.66
ProShares UltraPro Short 20+ Year Treasury (TTT)58,50976.80-1.28-1.64
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Supertel Hospitality (SPPR)93,528$2.41-0.52-17.75
ChinaNet Online Holdings (CNET)1,129,9461.83-0.36-16.44
Swift Energy (SFY)10,545,6129.94-1.90-16.05
InspireMD (NSPR)675,7063.17-0.53-14.32
BioScrip (BIOS)8,186,4807.40-1.04-12.32
Siebert Financial (SIEB)9,8562.51-0.31-11.01
Catamaran (CTRX)18,559,60346.17-5.64-10.89
Nutrisystem (NTRI)2,361,32915.07-1.75-10.40
Campus Crest Communities (CCG)2,836,1938.36-0.97-10.40
Circor International (CIR)410,10171.23-7.98-10.07
Royal Bancshares of Pennsylvania Cl A (RBPAA)29,4992.39-0.26-9.80
Burcon Nutrascience (BUR)7,6002.74-0.29-9.65
China Advanced Construction Materials Group (CADC)5,2405.25-0.55-9.48
Questcor Pharmaceuticals (QCOR)10,227,98967.47-6.74-9.08
Roundys (RNDY)3,395,5646.15-0.60-8.89
Microvision (MVIS)1,952,9992.13-0.20-8.58
Chico's Fas (CHS)15,056,63116.47-1.53-8.50
Walter Investment Management (WAC)6,980,52425.90-2.38-8.42
Inovio Pharmaceuticals (INO)27,920,1643.42-0.31-8.31
Direxion Daily FTSE China Bear 3X Shares (YANG)104,55024.13-2.13-8.11
DLH Holdings (DLHC)17,5242.44-0.21-7.92
Neptune Technologies&Bioressources (NEPT)538,2742.98-0.25-7.74
China Information Technology (CNIT)99,4665.20-0.42-7.47
CGG ADS (CGG)43,14315.27-1.21-7.34
EZchip Semiconductor (EZCH)596,54226.96-2.11-7.26
 
See All Decliners
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS with prior day close of $2 a share or higher, with volume of at least 2,000.
x - stock is trading ex-dividend
Source: WSJ Market Data Group