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Aug 18, 2015

The Guardian Australia's Morning Mail.

Guardian Australia's Morning Mail
Wednesday 19 August 2015
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Dyson Heydon row

 Dyson Heydon, commissioner for the royal commission into trade unions, was due to be the guest speaker at a Liberal party fundraiser later this month. Photograph: Joel Carrett/AAP
Good morning, and welcome to the Morning Mail – sign up here for all of our Guardian Australia email newsletters.
Among the top stories on our website this morning is the continuing fallout from the Dyson Heydon row: Labor has given notice that it will seek Senate support for an extraordinary motion calling on the governor general, Peter Cosgrove, to terminate the royal commission into trade unions because of the dispute over the commissioner.
Keep reading for the rest of the top stories on our website this morning, with news from around Australia and the world.
Headlines

Philip Ruddock questions move to stop green groups challenging mine plans
Former attorney general tells Coalition party room there is no need for George Brandis’s legislation to combat ‘green vigilantism’
Bangkok bomber is man seen dropping backpack, Thai police say
Young man in yellow T-shirt and shorts who appeared on CCTV footage taking off bag shortly before explosion is ‘not just the suspect’, says police spokesman
Nauru guard who ordered spying on Sarah Hanson-Young to face inquiry
Wilson Security guard Jason Kahika called before Senate inquiry to explain the ‘rogue’ operation said to have involved up to eight guards monitoring the senator

Promontory Financial Settles With New York Regulator: DealBook P.M. Edition - August 18, 2015.


Tuesday, August 18, 2015
TOP STORY
Eugene A. Ludwig, founder and chief executive of the Promontory Financial Group, said:
Promontory Financial Settles With New York Regulator When New York State's financial regulator challenged the integrity of a top Wall Street consultant, the Promontory Financial Group, the firm threatened to sue, vowing to "litigate the matter and defend our firm against this regulatory overreach." On Tuesday, Promontory tried a different approach: compromise. Promontory - whose founder and chief executive, Eugene A. Ludwig, is a former top banking regulator - agreed to admit that its actions on behalf of a big British bank did not meet current consulting requirements, the New York State regulator announced. The deal, which caps a two-year investigation that cast a pall over the firm, also involves a $15 million penalty and an agreement that Promontory voluntarily abstain from certain consulting arrangements for six months.

Pharmaceutical Companies Settle FTC Charges of an Illegal Agreement not to Compete, which Resulted in Higher Prices for Generic Version of ADHD Drug: FTC Accords on Charges - August 18, 2015.

FTC@100 Banner

 
Commission Alleges Concordia Pharmaceuticals Inc. and Par Pharmaceutical, Inc. Illegally Restrained Trade in Sale of Generic Kapvay
Pharmaceutical companies Concordia Pharmaceuticals Inc. and Par Pharmaceutical, Inc. have settled FTC charges that they entered into an unlawful agreement not to compete in the sale of generic versions of Kapvay, a prescription drug used to treat Attention Deficit Hyperactivity Disorder. As part of the settlement, the companies agreed not to enforce the anticompetitive provisions of their agreement.

Scam-Proof Your Doorstep: FTC Scam Alerts - August 18, 2015.

Federal Trade Commission Consumer Information
by Lisa Lake

Consumer Education Specialist, FTC
Nowadays, you can encounter a scam artist just about anywhere — online, over the phone and even at your door. Here are a few ruses that might come a’ knocking, and tips to avoid getting taken.
Read more >

Dow snaps 3-day winning streak as Wal-Mart weighs; Fed eyed: Wall Street at Close Report on August 18, 2015.

cnbc.com

Dow snaps 3-day winning streak as Wal-Mart weighs; Fed eyed

Fred Imbert
U.S. equities closed lower on Tuesday as Wall Street digested better than expected housing data and mixed earnings results from two Dow components while eyeing the the release of the Federal Reserve's minutes.
"I think the market is getting some mixed messages here," said Art Hogan, chief market strategist at Wunderlich Securities, adding that while housing has improved, consumer spending has shifted in the U.S.

Lawrence Williams: Is Asian gold demand really low or at an all-time high?: GATA | THE GATA DISPATCH - August 18, 2015.

Lawrence Williams: Is Asian gold demand really low or at an all-time high?

Submitted by cpowell on August 18, 2015. August 18, 2015

Mining journalist Lawrence Williams writes today that Asian gold demand seems to be a lot higher than the World Gold Council maintains. Williams' commentary is headlined "Is Asian Gold Demand Really Low -- Or at an All-Time High?" and it's posted at his Internet site here:

Securities and Exchange Commission - Update on Financial Reporting Enforcement Action: SEC | Enforcement Actions - August 18, 2015.

SEC Seal

AAER-3679 Aug. 18, 2015 The Bank of New York Mellon Corporation
Other Release No.: 34-75720
AAER-3678 Aug. 12, 2015 Vicente E. Garcia
Other Release No.: 34-75684
AAER-3677 Aug. 11, 2015 Vineet Kalucha, CA
Other Release Nos.: 34-75667, IA-4167
AAER-3676 Aug. 11, 2015 Jeffrey L. Lamson, CPA
Other Release No.: 34-75666

London Stocks Suffer Sixth Straight Decline; Pound Rallies: European Markets at Close Report on August 18, 2015.

marketwatch.com

London stocks suffer sixth straight decline; pound rallies

Carla Mozee, Victor Reklaitis
Getty Images
U.K. stocks fell Tuesday, enduring a sixth consecutive loss, with real estate shares pulled lower as a rise in inflation rekindled talk about when U.K. interest rates will be raised by the Bank of England.
Meanwhile, the pound climbed in the wake of the July inflation data.
The FTSE 100 UKX, -0.37%  fell 0.4% to close at 6,526.29, and dipped to intraday lows after the Office for National Statistics said consumer prices rose 0.1% from the year-earlier period, compared with expectations for a flat reading. The core consumer prices index, which strips out energy and food, rose to 1.2% from 0.8% in June.

Building permits in July 2015 were at a seasonally adjusted annual rate (SAAR down 16.3% from revised June rate but up 7.5% from July 2014: ESA | New Residential Construction

ESA Overlay Banner


Building permits in July 2015 were at a seasonally adjusted annual rate (SAAR) of 1,119,000, down 16.3 percent from the revised June rate but up 7.5 percent from July 2014.
Housing starts in July 2015 were at a SAAR of 1,206,000, up 0.2 percent from June and up 10.1 percent from July 2014.

DealBook Today's Top Headlines - August 18, 2015: Carly Fiorina's Track Record | Claren Road Investors Want to Pull Out Nearly $2 Billion | Liberty Interactive Agrees to Buy Zulily | Black Lawyers Face a Lonely Path to Partner.

 
Tuesday, August 18, 2015
TODAY'S TOP HEADLINES
By AMIE TSANG
CARLY FIORINA'S TRACK RECORD "I come from a world outside of politics, where track records and accomplishments count," Carly Fiorina, a Republican candidate for president, said this year. In spite of her continued promotion of her business experience, she is still not often measured by her record as chief executive of Hewlett-Packard, Andrew Ross Sorkin writes in the DealBook column.

Mr. Sorkin notes that this is all the more striking because she was fired by Hewlett-Packard after the company's stock dropped by half in 2005. Mrs. Fiorina has long blamed this on the bursting of the dot-com bubble and the deepening recession in Silicon Valley after the Sept. 11 attacks.

Trump’s Immigration Plan Casts Rivals as the Rope in a Tug of War: NYT First Draft on Politics - August 18, 2015.

8/18/2015 nytimes.com/firstdraft »
First Draft

Trump’s Immigration Plan Casts Rivals as the Rope in a Tug of War

Protesters outside the Republican Party Lincoln Day event in Birch Run, Mich., last week, where Donald J. Trump was the keynote speaker. Rebecca Cook/Reuters
8/18/2015
By Alan Rappeport
Good Tuesday morning. Cameras and microphones flocked to Donald J. Trump on Monday as he fulfilled his civic responsibilities and reported for jury duty in Manhattan. But it is his strict immigration proposals that continue to gain widespread attention and expose tension in the party over which crucial voting bloc is best to alienate and upset: Mr. Trump’s already angry supporters or Hispanics.

Religion Meets Rebellion: How ISIS Lured 3 London Girls: NYT Today's Headlines - August 18, 2015: Top News:

The New York Times

Tuesday, August 18, 2015



Top News
Images from recordings at Gatwick Airport show, from left, Khadiza Sultana, Shamima Begum and Amira Abase passing through security before flying to Turkey.
Religion Meets Rebellion: How ISIS Lured 3 London Girls

By KATRIN BENNHOLD

An online culture that blends youthful rebellion with radical religiosity helped draw popular, high-achieving friends to Syria.

The Guardian Media Briefing - August 18, 2015.

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Media briefing
Tuesday 18 Aug 2015
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Top stories on MediaGuardian More »

Broadcasting regulator puts ITV in the doghouse over series finale but did not impose sanctions or order broadcaster to refund voters
Videos made in the UK by artists signed to major labels will be classified before release, in measures meant to protect children from unsuitable online content

U.S. stock futures slump as investors wait for reasons to buy: U.S. Stock Market Future Indications - August 18, 2015.

marketwatch.com

U.S. stock futures slump as investors wait for reasons to buy

Sara Sjolin
 
Wall Street was set for a downbeat trading day Tuesday with stock-index futures pointing lower, as a fresh slide in China’s stock market and lackluster earnings pave the way for an uneasy trading session, a day ahead of minutes from the Federal Reserve’s most recent policy meeting are released.
Read: Need to Know—China may not be through rattling this stock market
Futures for the Dow Jones Industrial Average YMU5, -0.31%  dropped 54 points, or 0.3%, to 17,449, while those for the S&P 500 index ESU5, -0.26%  slipped 5.55 points, or 0.3%, to 2,093.75. Futures for the Nasdaq-100 index NQU5, -0.31%  gave up 14.25 points, or 0.3%, to 4,551.10.

China shares tumble 6.2% despite PBOC’s big cash injection: Asian Markets at Close Report on August 18, 2015.

marketwatch.com

China shares tumble 6.2% despite PBOC’s big cash injection

Chao Deng
Fresh anxieties about China’s commitment to steadying the stock market sparked heavy losses in Shanghai Tuesday, despite signals of a housing recovery and the central bank’s latest steps to keep cash from fleeing.
The Shanghai Composite Index SHCOMP, -6.15%  tumbled 6.2% to 3,748.16, just 240 points above its recent trough on July 8 and 27% off its June peak. The smaller Shenzhen Composite Index 399106, -6.58%  fell 6.6% to 2,174.42.