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FILE - In this Jan. 9, 2011 file photo, former New Jersey Gov. Jon S. Corzine reflects on his four year term in office during an interview with The Associated Press at his home in Hoboken, N.J. MF Global Holdings Ltd. has been suspended from conducting new business with the New York Fed amid reports that the company plans to file for bankruptcy. (AP Photo/Rich Schultz, File)

WASHINGTON (AP) ? The European debt crisis has claimed its first big casualty on Wall Street, a securities firm run by former New Jersey Governor Jon Corzine.

MF Global Holdings Ltd., which Corzine has headed since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused business partners to pull back last week, leading to a severe cash crunch, the company said in papers filed in federal bankruptcy court.

Corzine, the former head of investment banking giant Goldman Sachs Group Inc., oversaw MF Global as it amassed $6 billion in debt issued by financially strapped European countries such as Italy, Spain and Portugal. Their bonds paid bigger returns than U.S. Treasury debt because bond investors believed that they were more likely to default.

That bet eventually doomed the company. Its regulator complained last month that it was overvaluing European debt, forcing it to raise more money, according to papers filed with U.S. Bankruptcy Court for the Southern District of New York. Last week, MF Global reported its biggest ever quarterly loss.

Credit rating agencies downgraded MF Global last week. Its stock plunged 66 percent. Spooked business partners required it to post more money to guarantee its trades. Before long, the company was short on cash.

MF Global looked for outside investors or buyers, but no alternative emerged before the regulators' deadline, the court papers said. Trading in shares of MF Global Holdings Ltd. was halted early Monday.

MF Global's bankruptcy shows the danger of investing when the outcome will be determined by government action, said Daniel Alpert, managing partner at the New York investment bank Westwood Capital Partners LLC.

"I don't think it's a canary in the coal mine, but it does show you that it's still a very volatile market," he said. "The nature of this crisis is that events can lead in any number of ways, and markets are trading on news, not numbers."

In a statement, the Securities and Exchange Commission and the Commodity Futures Trading Commission said that they and other regulators had been closely monitoring MF Global's situation for several days "in anticipation of a transaction that would include the transfer of customer accounts to another firm."

MF Global told the regulators early Monday that it hadn't reached an agreement on a deal and it reported "possible deficiencies" in customers' futures trading accounts, the two agencies said.

They said they have determined that a bankruptcy proceeding overseen by the industry-funded Securities Investor Protection Corp., whose mandate is to protect investors when a brokerage firm fails, "would be the safest and most prudent course of action to protect customer accounts and assets." SIPC, which can provide up to $500,000 for each customer of a failed brokerage, announced separately Monday that it is beginning the liquidation of MF Global under its customary procedures.

MF Global's big bet on Europe might not have happened before Corzine's tenure. Until he joined, the company was known mainly as a dealer in derivatives, investments based on the value of some underlying asset. Corzine wanted to build it into a major investment bank.

One method: Trading for the bank's own profit, a practice known as proprietary trading. Corzine made his career at Goldman as a trader, and the company became a trading powerhouse under his watch.

Proprietary trading was responsible for much of MF Global's quarterly loss, it said in court papers.

As of last week, MF had amassed net exposure of $6.29 billion in debt issued by Italy, Spain, Belgium, Portugal and Ireland. Of that, $1.37 billion was from Portugal and Ireland, which already were bailed out by European authorities. More than half was from Italy, where borrowing costs have increased in recent days as investors grew concerned about its finances.

By comparison, Morgan Stanley's net exposure to those countries was only $2.1 billion as of Sept. 30, according to its latest quarterly filing. Morgan Stanley's stock was battered last month because of concerns about its exposure to European debt.

Still, Corzine was hopeful that European leaders would solve the crisis and protect the value of its holdings before investors grew wary. Last week he said he expected the firm to "successfully manage these exposures to what we believe will be a positive conclusion in December 2012."

MF Global turned a profit just three times in the past 12 quarters.

Corzine is also a top fundraiser for President Barack Obama. Corzine has helped raised at least $500,000 for Obama's re-election campaign since April, according to records released by the campaign.

At worst MF Global's bankruptcy could roil credit markets and make financial companies reluctant to lend to each other. It wouldn't equal the fallout from the failure of Lehman Bros. in 2008, because Lehman was bigger and more intertwined with other companies.

"It appears their exposure to risk was particularly acute," but the impact on markets will likely be muted, said Karen Shaw Petrou of Federal Financial Analytics.

However banks could be worried temporarily about who lost money as a result of MF Global's bad bets. Fears about losses on European debt already have roiled markets for months.

Bank stocks fell sharply on Wall Street after the bankruptcy filing. Morgan Stanley lost 8.7 percent, Citigroup 7.5 percent, Bank of America Corp. 7.1 percent and Goldman 5.5 percent.

Including its subsidiaries, MF Global has assets of $41.05 billion and liabilities of $39.68 billion, according to its bankruptcy petition. It likely ranks as the eighth-biggest U.S. corporate bankruptcies, according to the research firm BankruptcyData.com. It is slightly bigger than Chrysler LLC., which filed as part of a government-run bailout and restructuring in 2009. It falls below financial-crisis casualties such as Lehman Brothers Holdings Inc., Washington Mutual Inc. and CIT Group Inc.

____

AP Business writers Pallavi Gogoi and Chris Kahn in New York and Associated Press writer Ken Thomas in Washington contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-10-31-MF%20Global/id-83de11ff1bce49bd936ed74d37fa24f2

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TOKYO ? Honda's quarterly profit tumbled 56 percent, battered by the strong yen and production disruptions from the March tsunami disaster that are likely to be compounded by flooding in Thailand.

The automaker, which makes the Accord sedan and Odyssey minivan, said Monday that net profit for the July-September fiscal second quarter fell to 60.4 billion yen ($788 million).

Quarterly sales sank 16.3 percent from a year earlier to 1.885 trillion yen ($24.6 billion), with sales in North America falling the most ? 22.3 percent.

Honda Motor Co. said flooding in Thailand, where the automaker has parts suppliers and assembly lines, made it too difficult to forecast earnings for the full fiscal year through March 2012. A projection will be announced when it becomes available, the company said.

The Thai floods are the latest blow to Japanese manufacturers as they struggle to recover from the tsunami while also being pummeled by the yen's record surge. Japanese automakers in particular use Thailand as a production base in Southeast Asia.

Earlier Monday, Japanese authorities intervened in the currency market to weaken the yen against the dollar and ease pressure on Japanese exporters. That caused the dollar to jump nearly 5 percent to above 79 yen after earlier touching a post World War II-low of 75.32 yen ? a level that is excruciating for exporters such as Toyota Motor Corp. and Nintendo Co.

The strong yen, which erodes foreign earned income, took a bite out of Honda's profits. The automaker estimated that if sales were calculated at the same exchange rate as last year, quarterly sales would have fallen a less severe 12.3 percent.

Revenue from nearly all regions declined. Domestic sales were down 13.2 percent, revenue from Europe sank 10.4 percent, and in Asia outside Japan sales fell 10 percent. Sales to South America, Africa and the Mideast inched up 0.8 percent from a year earlier, the company said.

Honda's motorcycle business was one of its few bright spots in the quarter, with sales rising 14.2 percent to 357.3 billion yen ($4.6 billion).

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20111031/ap_on_bi_ge/as_japan_earns_honda

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NEW YORK (TheWrap.com) ? International advocacy group Human Rights Watch will ask Relativity Media to stop shooting its new Chinese co-production "21 and Over," and will urge moviegoers to boycott the film should it be produced, the organization confirmed on Sunday to TheWrap.

The film, the first announced under Relativity's new Chinese co-production venture, has already started shooting in Linyi, in China's Shangdong province. This has prompted criticism from human rights activists because of Relativity's relationship with the local government, known as one of China's most repressive jurisdictions.

Linyi is also home to Chen Guangcheng, a prominent civil rights activist who since 2005 has been subject to imprisonment and various forms of house arrest.

"Already picking Linyi as a film location is probably not a good idea, but signing a deal with a person who is directly responsible for one of the most egregious and cruel abuses of a human rights defender in China is really beyond the pale," said Nicholas Becquelin, senior researcher for Human Rights Watch's Asian division.

Relativity has declined to comment on the matter. However, the company did say that the comedy feature's production in the province has ended, so it remains to be seen what action Human Rights Watch can take. "21 and Over" is being directed by Jon Lucas and Scott Moore, screenwriters of "The Hangover."

Chen, a blind, self-taught lawyer, has been subject to threats, beatings and other hostile acts, as have his relatives, his supporters, his lawyers and other connections.

Chinese activists, who have renewed their focus on Chen of late, have found fault with Relativity not just because it entered a relationship with the government of Linyi, but also because it made of point of lauding the city.

A Relativity press release issued Thursday (October 27) quoted the Party Secretary of Linyi and added, "We are very much looking forward to shooting in China, especially in a place as amazing as Linyi."

Becquelin said the conclusion of the production is irrelevant to the greater issue of Relativity's "disturbing" relationship with Linyi.

"The press release makes clear that this is not solely a matter of shooting one day," Becquelin said. "It presents it as building a partnership with the Linyi government and an investment. Our concern is business association with the Linyi government, not a particular shoot."

MORE VOICES RAISED IN PROTEST

Human Rights Watch is not the only group getting involved. Reggie Littlejohn, President of Women's Rights Without Frontiers, wrote on the group's website that "it is unconscionable for Relativity Media to make this film in Linyi. While Relativity Media is creating a 'wild epic misadventure,' about beer-drinking and debauchery, Chen Guangcheng is suffering unspeakable torment -- beaten, tortured, denied medical treatment and being slowly starved to death -- right under their noses."

A series of posts on Chinese micro-blogging service Sina Weibo have addressed the subject, circulating information for Relativity executives.

Charlie Custer, the editor-in-chief of ChinaGeeks, "a website about China," posed a letter he penned to Relativity, which ended as follows:

"Because maybe it's just my sense of humor, but holding an innocent blind man and his family in their house, beating and robbing well-intentioned net users trying to visit him, and then lying about it to the world does not sound like a great premise for a hilarious buddy comedy.

"And every day you're in Linyi shooting '21 and Over,' you're funding that, too, whether you want to be or not."

Relativity responded to Custer, asking him to attribute to them a "no comment."

It is unclear what any of these groups will ask for now that production has ended. But it likely will not stop them from trying to stir public sentiment, especially when the situation follows so soon after another Hollywood misstep concerning human rights: It was revealed that Hilary Swank and Jean-Claude Van Damme attended the October 5 birthday party of Chechen President Ramzan Kadyrov, who has been accused of torture, abduction and murder. Swank subsequently apologized for her appearance at the event.

Chen's case has been well reported in the Western media, and he has become one of the most famous activists in all of China after the likes of Liu Xiaobo, winner of the Nobel Peace Prize, and renowned artist Ai Weiwei.

Originally an advocate for the blind and disabled, Chen began to investigate the extreme tactics used to enforce China's "one child" policy, including forced abortions and sterilizations. As a result of his efforts to raise awareness of the issue, he was first placed under house arrest in 2005. Since then, he served four years in prison and was then placed under house arrest yet again. This house arrest entails constant surveillance of his activities and those of his close relatives.

Those who have attempted to visit Chen have been the victims of beatings and other forms of repression, as have lawyers attempting to represent them, Becquelin said.

Though Relativity may have been unaware of the situation in Linyi, this is indicative of the trouble Hollywood studios face in expanding into China. The country is fertile ground for film productions thanks to its low production costs, varied tableaus and lax regulatory policies.

In fact, the government's control over society facilitates productions, because it can prevent labor unrest and secure locations without risk of legal action.

HOT MARKET

Relativity announced its entrance into the Chinese film market back in August when it struck a deal with SkylLand Film and Television Cultural Development Ltd., a China-based entertainment production company.

That same month, Chinese media conglomerate DMG put together a $300 million film fund to co-finance high-profile mainstream movies for studios.

Lengedary Entertainment, through Lengedary East, announced plans for a $220.5 million investment in a filmmaking venture aimed at the Chinese market.

Yet while the Chinese market is undoubtedly lucrative, the country's stance on free speech also makes it a source of perpetual controversy.

From its state-controlled Xinhua news agency to its censorship of artists like Ai Weiwei, the country has developed a reputation for violating what many Westerners see as fundamental rights.

Companies must strike a delicate balance in dealing with China, and Human Rights Watch says that the tenor of their public statements and nature of the relationships are indicative of how the companies view the issue of human rights abuses.

"They are advertising this closer relationship as a matter of pride," Becquelin said. "It raises questions about ethical standards, corporate responsibility and about whether they have any moral horizon."

Relativity's press release says that "21 and Over" "will mark the first of many projects that Relativity plans to shoot and do post-production work on in China."

It has begun no other productions in China to date.

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/nm/20111030/film_nm/us_china

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Android Central

Seriously, this is the last time we're going to write about this Verizon-Galaxy Nexus exclusivity thing. But it's worth noting that Verizon's removed the "Exclusively from Verizon" line from its little banner image, which really only means that something that wasn't actually exclusive in the first place apparently still isn't exclusive. Make sense? No? Fine. Read this again.

Source: Verizon; via Phandroid

Source: http://feedproxy.google.com/~r/androidcentral/~3/4KDNKhBRKs0/verizons-exclusive-galaxy-nexus-exclusive-no-more

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Tents set up in Dewey Square for Occupy Boston.

BOSTON (CBS) ? Occupy Boston has pulled two members from its finance team for their lack of transparency and accountability.

The group, which is seeking more transparency in financial institutions has excluded Paul Carnes and Sidney Sherrel from financial decisions.

The pair allegedly didn?t follow the group?s rules when it comes to spending money and organizing a fundraiser.

Occupy member Nadeem Mazen says the actions of one of the accused were in poor taste.

WBZ NewsRadio 1030?s Bernice Corpuz reports

He says Paul was using his spending, ?To appropriate channels of power and channels of influence.?

Mazen hopes this incident will serve as a lesson for financial institutions and the government to address failures transparently.

Source: http://boston.cbslocal.com/2011/10/27/occupy-boston-removes-two-from-finance-team/

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Source: http://www.msnbc.msn.com/id/29054368/vp/45061873#45061873

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LONDON (Reuters) ? A lawyer for Rupert Murdoch's News Group Newspapers earlier this year accused the British Broadcasting Corporation of pursuing an investigation of alleged computer and phone hacking to "undermine" Murdoch's bid to acquire full ownership of satellite broadcaster BSkyB.

Julian Pike of the London law firm Farrer & Co, which also represents Britain's Queen Elizabeth, sent a series of letters last March to the BBC expressing concerns at the British arm of Murdoch's News Corporation that the BBC might have transgressed its commitment to impartiality for commercial or political reasons. The BBC denied this was the case.

The letters, whose full contents have not previously been reported, were sent in response to requests by journalists from the BBC newsmagazine Panorama to News Group for comment regarding alleged phone and computer hacking conducted by journalists for the Sunday tabloid News of the World.

Murdoch shut the paper last July amid a torrent of allegations about alleged ethical and legal lapses by its staff.

The Panorama program, headlined "Tabloid Hacks Exposed" focused on the alleged role of Murdoch journalists in employing "dark arts" - Fleet Street jargon for dubious and potentially illegal reporting tactics - and in particular allegations of "blagging" (jargon for pretending to be someone else) and computer and phone hacking at the News of the World.

Pike laid out News Group's complaints about the BBC's investigation in letters sent to Panorama in early March headed

"NOT FOR PUBLICATION & NOT FOR BROADCAST: STRICTLY PRIVATE & CONFIDENTIAL."

In two letters, dated March 10 and 11, Pike suggested that the BBC might be pursuing the hacking story for business or political reasons rather than for journalistic motives.

Pike said that BBC Director General Mark Thompson had been "required to apologize" in November 2010 for adding his signature to a letter from a group of companies who were critical of News Corp's bid to acquire the balance of shares in BSkyB which it did not already own.

In his March 10 letter, Pike noted that the BBC was planning to broadcast Panorama's investigation at a time when the British government was actively considering Murdoch's bid for BSkyB's remaining shares. He noted that the BBC had an "obligation to avoid embroiling itself in a political and commercial battle that it should have nothing to do with."

BSkyB is a principal competitor with the BBC in Britain.

In a lengthy letter sent to the BBC the following day, Pike said it had "not gone unnoticed" that the BBC, along with "certain other media organizations," had been in "the vanguard of running a campaign against" News Corp regarding alleged News of the World phone hacking. Pike asserted that the BBC had "obvious political and commercial reasons" to use the phone hacking allegations "to attack our clients and undermine New (sic) Corp's Sky bid."

Pike said it was "quite apparent" that the program the BBC was preparing was "yet another attempt to undermine New Corp's bid for Sky" (sic).

In the letter, Pike also accused the BBC of planning to take out of context an investigation by Britain's Information Commissioner's Office which alleged that publications other than the News of the World, including The Observer, a Sunday newspaper which is affiliated with the Guardian daily, had also engaged in questionable or illegal reporting practices.

In response to a request for comment, the BBC told Reuters: "Panorama investigations always come from a point of public interest and operate within the BBC editorial guidelines and Ofcom's code. This program was no different and...details of the phone hacking scandal has been widely reported by numerous media organizations. Any suggestion it was made to further the BBC's own interests is utterly without foundation."

A spokesperson for News International, Murdoch's principal newspaper publishing company in Britain, said the company had no comment on Pike's accusation that the BBC had pursued the phone hacking inquiry for ulterior motives.

However, the spokesperson noted that the company on October 14 had issued a statement acknowledging that its Management and Standards committee, supervising News International's response to the phone hacking controversy, had agreed with Farrer & Co. that the law firm would "stand down" from representing Murdoch's News Group properties in "current or future" lawsuits filed by alleged News of the World phone hacking victims.

At a hearing before a British parliamentary committee which has been investigating phone hacking, Pike acknowledged that in 2008 he became aware of documentary evidence contradicting public statements by Murdoch aides that phone hacking at the News of the World had been the work of a "single rogue reporter."

Pike told the committee he did not believe he had an obligation as a lawyer "to go and report something that I see within a case where there might have been some criminal activity."

In a report on his testimony and other aspects of his letters to the BBC, the Guardian last week reported that Pike had admitted to parliament that he knew public statements by News of the World executives about the rogue reporter were misleading when he sent a letter to the BBC threatening "successful" litigation for defamation if the BBC accused News International executives of knowingly making untrue or misleading public statements.

The Guardian also reported that the BBC had referred Farrer & Co to a disciplinary authority for British lawyers because of this aspect of Pike's letter.

The BBC confirmed that it had "written to the Solicitors Regulation Authority. seeking advice in relation to their rules governing the conduct of solicitors."

In Britain, solicitors are lawyers who handle most out of court and pre-trial litigation, while barristers are lawyers who handle trials and appeal proceedings in higher courts.

Pike did not respond to an e-mail requesting comment. But a representative of Farrer & Co. disputed the Guardian's interpretation of Pike's letter and what Pike had said to Parliament. The firm had no further comment on its accusation that the BBC had acted for commercial or political motives.

The Solicitors Regulation Authority said that in July, it had launched a "formal investigation into the role of solicitors in events surrounding the News of the World phone hacking crisis," and that it could make no further comment while that inquiry was under way.

(Created by Simon Robinson)

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/nm/20111026/ts_nm/us_britain_murdoch_lawyer

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ERCIS, Turkey (Reuters) ? Survivors of a deadly earthquake in southeast Turkey scrambled for tents on Thursday, fearful that more people would die from exposure to plunging temperatures four days after the tremor killed at least 481.

Some quake victims have blamed the ruling AK party for a slow response and accused officials of handing aid to supporters, after standing in long queues for tents only to be told that there were none left.

"Everyone is getting sick and wet. We have been waiting in line for four days like this and still nothing. It gets to our turn and they say they have run out," said Fetih Zengin, 38, an estate agent whose house was badly damaged in Ercis, a town of 100,000 that was hardest hit by Sunday's 7.2 magnitude quake.

"We slept under a piece of plastic erected on some wood boards we found. We have 10 children in our family, they are getting sick. Everyone needs a tent, snow is coming. It's a disaster."

The death toll rose to 481 and the number of injured was put at 1,650 in the biggest quake in more than a decade in Turkey.

Searches for survivors went on at some sites but at others rescuers stopped work. A mother and her baby were pulled out dead from one building during the night, witnesses said.

Many in the mainly Kurdish region complained of profiteers exploiting the distribution of food and tents.

"People are taking 10 tents and selling them. It's a disgrace. I slept in the municipal park all night in the rain. My shoes are filled with water. I only registered to get a tent this morning as I have been busy burying the dead," said Ergun Ozmen, 37, carrying loaves of bread after queuing for food.

The Turkish Red Crescent, which had acted swiftly to provide refuge for Syrians fleeing the violence in their homeland this year, has been blamed by some for a lack of organization.

Some Turks have criticized the government of Prime Minister Tayyip Erdogan, which hopes to ease relations with the Kurdish minority that dominate the region. They suggest the party is prioritizing aid for public servants in the region -- a charged denied by local party officials.

Several countries have answered Turkey's call for help to supply tents, prefabricated housing and containers, including Israel despite bad terms between the two governments since Israeli commandos killed nine Turks aboard a flotilla taking aid to Palestinians in Gaza last year.

SHELL-SHOCKED SURVIVORS

Exhausted relatives clung to the hope that loved ones would be found, keeping vigil at the site of their destroyed homes as searches went on for any sign of life.

Overnight, groups of shell-shocked people roamed aimlessly, with no home to go to, huddling around fires as temperatures dropped to freezing. Others congregated in relief camps.

Cold rain in the past two days has added to woes, and for villagers in outlying areas there were fears of a second wave of death with the first expected winter snow next month.

"After 15 days, half of the people here will die, freeze to death," said Orhan Ogunc, a 37-year-old man in Guvencli, a village of some 200 homes deep in the hills between Ercis and the city of Van. His family had a Red Crescent tent, though they were sharing it with five other families.

Due to primitive housing in the quake-hit region, many villages were devastated. Although some families were staying out in the open few were ready to leave their land, preferring to bank on promises of temporary housing within about six weeks.

"They say we will get prefabricated houses in one-and-a-half months," said Zeki Yatkin, a 46-year old man who had lost his father in the quake. "We can't tolerate the cold, but what else could we do?"

Search operations ended in the city of Van. Provincial governor Munir Karaloglu said only six buildings had collapsed in the city, whereas many more were destroyed in Ercis.

POLITICAL ISSUES

The disaster could be a chance for Prime Minister Tayyip Erdogan's government to show the Kurds how much it cares for their people, so any accusations of neglect or ineptitude are politically sensitive.

Having won a third consecutive term in a national election last June, Erdogan aims to replace the constitution with one that will boost democratic values by, among other things, addressing some of the Kurdish minority's grievances.

More than 40,000 people have been killed in a separatist insurgency that has lasted three decades, and last week militants killed 24 troops in neighboring Hakkari province.

The United States and the European Union, as well as Turkey, consider the PKK separatist guerrilla group to be a terrorist organization.

At one warehouse in Van, about 100 people looted Red Crescent trucks carrying food, blankets, carpets and clothes while a handful of police appeared powerless to stop them.

"The real looter is the AK Party. The aid received in Van is handed to the families of public servants and policemen. Ordinary people don't get anything," one old man told Reuters.

Governor Karaloglu said, however, that as of Wednesday 20,000 tents had been handed out. According to him that was far more than was really needed.

A central government appointee, the governor said things would be better if people in the city of one million were not gripped by fear that an aftershock could topple their homes, even they were undamaged by the quake.

"Because of this psychology, and the aftershocks, they don't use their undamaged house and ask for tent," said Karaloglu. "This is why we have a problem."

He said 600,000 people were affected by the quake, but that did not mean all of them needed temporary accommodation.

Deputy mayor Cahit Bozbay, a member of the pro-Kurdish Peace and Democracy Party (BDP), gave a far bleaker assessment and criticized the governor's office for not working with officials.

He said half of the buildings in Van had been damaged in the quake, giving frightened people no choice but to sleep outside.

"We are short of tents. It's a major problem. We lack supplies, but honestly the aid delivery organization is also problematic," said Bozbay.

(Additional reporting Humeyra Pamuk and Evrim Ergin in Van; Writing by Simon Cameron-Moore and Daren Butler; Editing by Elizabeth Piper)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111027/wl_nm/us_turkey_quake

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NEW YORK ? Stock indexes closed Monday at the highest point since the U.S. debt limit showdown in August. The market was driven higher by a round of big corporate takeovers and reports that Europe's bailout fund will be larger than originally thought. The Nasdaq composite turned positive for the year.

Netflix Inc. plunged 26 percent in after-hours trading after the DVD-by-mail and video streaming company forecast a sharp drop in fourth-quarter profits.

Investors are still waiting for a resolution to Europe's debt problems. European leaders said they made progress at a weekend summit and plan to unveil concrete plans for containing the crisis by Wednesday.

The Dow Jones industrial average was up about 40 points in the first hour of trading but moved steadily higher through midday following reports that Europe's takeover fund will be greatly expanded. It finished with a gain of 104.83 points, or 0.9 percent, at 11,913.62.

"The market is expecting that there will be some kind of deal worked out Wednesday," when European financial ministers are scheduled to meet, said Uri Landesman, president of Platinum Partners. "If there's not a deal by then, the market is going down significantly."

Even with concerns about Europe, U.S. companies are still reporting bigger profits. "Although there is a good deal of economic and political uncertainty in the world, we are not seeing it much in our business at this point," Caterpillar Chief Executive Doug Oberhelman said.

The maker of construction equipment reported a 44 percent surge in income, more than Wall Street analysts were expecting, thanks to strong growth in exports. The company said it expected the global economy to continue recovering, albeit slowly. Caterpillar jumped 5 percent, the most of the 30 companies in the Dow.

The Standard & Poor's 500 index rose to 1,254.19. That is just 3.45 points, or 0.3 percent, below where it started the year. It's the highest close for the S&P 500 since Aug. 3, just as Washington was resolving a showdown over raising the country's borrowing limit. If the S&P 500 finishes the year with a gain, it will be its biggest turnaround since 1984.

The Nasdaq composite rose 61.98, or 2.3 percent, to 2,699.44. The gains turned the Nasdaq positive for the year. The S&P 500 is the only major market index that remains lower than where it started the year.

The Russell 2000 index of small companies rose 3.3 percent as investors moved money into higher-risk assets.

Netflix sank 26.4 percent post-market trading after forecasting fourth-quarter income that was far below what analysts were expecting. Through Monday's close the stock had plunged 59 percent since July 12, when it raised prices and announced a plan to break its DVD-by-mail business into a separate company. The company abandoned the plan after it triggered a revolt among subscribers.

Other major U.S. companies due to report earnings this week include UPS Inc., Ford Motor Co. and Procter & Gamble.

Analysts expect companies in the S&P 500 to report earnings growth of 14 percent for the third quarter, according to data provider FactSet. They expect a 10 percent gain in revenue.

Expenses are also expected to climb. Higher costs for raw materials helped drag down income 8 percent at Kimberly-Clark Corp., which reported results Monday. The stock fell 5 percent. The company is a major consumer products maker whose brands include Huggies and Kleenex.

Higher costs also hurt cigarette maker Lorillard, which reported a 3 percent drop in income. Lorillard's stock fell 0.6 percent.

A series of corporate deals helped lift the market, said Phil Orlando, chief equity strategist at Federated Investors. "This is telling us that companies think stocks are cheap, and they're willing to spend some of the cash that's sitting around on their balance sheets," he said.

Deals announced included:

? HealthSpring Inc. jumped 34 percent after Cigna Corp. said it will buy the health insurer for about $3.8 billion in cash. Cigna rose 1.4 percent.

? RightNow Technologies Inc. gained 19 percent after Oracle Corp. said it will buy the tech service company for about $1.5 billion. Oracle rose 2.3 percent.

? Mattel Inc. rose 2 percent after it agreed to buy Hit Entertainment, the owner of the Thomas & Friends and Barney brands, for $680 million in cash.

? The J.M. Smucker Co. added 0.7 percent after it bought most of Sara Lee Corp.'s North American foodservice coffee operations for about $350 million.

Five shares rose for every one that fell on the New York Stock Exchange. Volume was average at 4.2 billion shares.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111024/ap_on_bi_st_ma_re/us_wall_street

trill amazon tablet amazon tablet carl sagan gloria estefan ahava ahava

mattrebello

October 22, 2011 at 3:01 pm

Sony Store offers the factory-refurbished Sony Internet TV 40? 1080p LED-Backlit LCD HDTV with Google TV, model no. NSX-40GT1, for the in-cart price of $589.99. With free shipping, that?s $8 under our mention of a new one from two weeks ago and $79 less than the lowest total price we could find for a new one today. Sales tax is added where applicable. It features a 1920?1080 resolution, edge-lit LED backlight, support for the Android-based Google TV service (which allows you to watch Internet content on your HDTV), wireless keypad remote control, compatibility with iPhone or Android-enabled smartphones, 802.11n wireless and Gigabit Ethernet connectivity, applications for Netflix, Twitter, Pandora, CNBC, NBA TV, four HDMI inputs, and component and composite video inputs. A 90-day Sony warranty applies.

October 22, 2011 at 3:01 pm

Sony Store offers the factory-refurbished Sony Internet TV 40? 1080p LED-Backlit LCD HDTV with Google TV, model no. NSX-40GT1, for the in-cart price of $589.99. With free shipping, that?s $8 under our mention of a new one from two weeks ago and $79 less than the lowest total price we could find for a new one today. Sales tax is added where applicable. It features a 1920?1080 resolution, edge-lit LED backlight, support for the Android-based Google TV service (which allows you to watch Internet content on your HDTV), wireless keypad remote control, compatibility with iPhone or Android-enabled smartphones, 802.11n wireless and Gigabit Ethernet connectivity, applications for Netflix, Twitter, Pandora, CNBC, NBA TV, four HDMI inputs, and component and composite video inputs. A 90-day Sony warranty applies.

Source: http://feedproxy.google.com/~r/9to5macToys/~3/_2I1uDpRB9Q/

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mattrebello

Share With Friends:

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| Politics - Top Stories News, RSS and RSS Feed via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/152074069?client_source=feed&format=rss

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mattrebello

It is 6 a.m. on a Saturday morning, and I've just sent my end-of-month report into cyberspace. Before I have even a moment to enjoy the feeling of completion, I sense the door swing open; there is someone else in my office.

As I turn, I see my daughter standing in the doorway. Cristina, my 21-year-old, stands at the door as if she is walking in her sleep. She looks pale; her eyes are swollen, her body trembles. She clasps her body with her arms as if she is trying to keep warm, still, or holding herself from falling apart.

At first I think she is sleepwalking. Then I notice her shaking shoulders and the tears running down her face. She is awake and sobbing.

My mental notes of her recent behavior come back. She moved back home from her college dorm suddenly, unexpectedly. On the few occasions I've visited her on campus for a quick lunch, we have run into her former roommate. She turns away each time, pretending not to see us. When I make a comment to Cristina about this, she brushes me off, saying I am being too sensitive.

While I am recalling these excerpts of her past behavior, she tries to get my attention. Coming back to the moment, I notice that her body is smaller; she has lost a lot of weight.

I realize she has been speaking to me, and I try to grasp on to what she is saying.

"Mom, I am evil, I am dirty, I am a liar."

Why is she saying those things?

"Mami, no one will love me again."

I am in shock. Why is she saying these horrible things? Did she kill someone? Did she steal money? Why is she in so much pain?

Her words fill the room:

"Mami, I am in love with a girl."

I feel relief, as if cool steam is blowing on my face; I thank the universe, cosmos, maybe God.

I now know the reasons for her weight loss, for all her sleepless nights, for the days she cannot get out of bed, for all the arguments with her boyfriend.

As I hug her, her body slumps. I grab her to stop her from falling, while my mind races at 1000 miles a minute. I think about the world of hate against people who seem different. I think about her pain and feel a stab in my gut. I could have lost her! If she's feeling all the things she expressed, she is clearly not happy.

I hear myself say, "Cristina, I love you, and you will be OK." As my husband walks into the room, I tell him what happened; he hugs our daughter.

It can be hard to hear your kid say that they are lesbian, gay, bisexual or transgender, but for LGBT youth who have to deal with rejection from their family, the battle is even harder. Fear of rejection often adds to the complex emotions LGBT youth must face when deciding to disclose.

Parents, be an ally to your child and to the LGBT community; if you are having a hard time adjusting or accepting your child, I implore you to seek out groups like:

When an LGBT child feels accepted by his or her family, that child has the security of unconditional love -- an advantage many others don't have when confronting intolerance and discrimination by others in our society. This feeling can literally save a child's life; LGBT children who feel accepted by their family are less likely to engage in risky behavior, attempt suicide and suffer from depression and substance abuse.

The minute Cristina shared her feelings, my responsibility as a parent was to help her bloom into a young woman free of guilt, shame and fear. On that Saturday morning four years ago, hope and acceptance worked for my daughter. It kept her moving toward her dreams and her goals. She graduated from medical school on May 16, 2011 and now practices family medicine at White Memorial Hospital in Los Angeles Calif., serving the Boyle Heights community. I am proud to say that my daughter has grown into a healthy, whole woman who, like Harvey Milk, has embraced freedom, happiness, honesty and, above all, hope.

?

Source: http://www.huffingtonpost.com/minerva-figueroa/ally-week-2011_b_1023151.html

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mattrebello

A Chinese armor car guard reads a local newspaper's front page featuring a photo of Moammar Gadhafi at a newspaper stand in Beijing, China, Friday, Oct. 21, 2011. China said Moammar Gadhafi's death marks the turning of a page in Libya's history and called for the rapid launch of an inclusive political process and economic reconstruction. (AP Photo/Andy Wong)

Pakistanis read morning newspapers featuring a photo and story of Moammar Gadhafi at a newspaper stand in Islamabad, Pakistan on Friday, Oct. 21, 2011. (AP Photo/Anjum Naveed)

Taken with a fisheye zoom lens, Liybans react to the death of Moammar Gadhafi outside the Libyan Embassy in London, Thursday, Oct. 20, 2011. (AP Photo/Sang Tan)

Libyans react to the death of Moammar Gadhafi outside the Libyan Embassy in London, Thursday, Oct. 20, 2011. (AP Photo/Sang Tan)

BEIJING (AP) ? Foreign governments from Britain to China hailed a new day for Libya following Moammar Gadhafi's death and called on the new government to move swiftly to rebuild a shattered economy and restore order amid chaotic celebrations.

Amid the overwhelmingly positive response, there were concerns too about further political violence or a veering off into extremism in the wake of Gadhafi's nearly 42-year regime. Australian Foreign Minister Kevin Rudd said the international community needed to work with the governing transitional council to ensure Libya "does not become another Iran."

"The task of nation-building, the task of building Libya's democratic institutions, will be difficult, it will be complex, it will be hard, and there will be setbacks," said Rudd during a visit to Manila, Philippines.

China, which initially refused to support the rebels or to criticize Gadhafi, moved to embrace the new government ? updating its references to Gadhafi in state media from the "strongman" who defied the West to the "madman" whose time ran out.

"A new page has been turned in the history of Libya," Foreign Ministry spokeswoman Jiang Yu said.

"We hope Libya will rapidly embark on an inclusive political process, maintain ethnic solidarity and national unity, swiftly establish social stability, begin economic reconstruction, and allow the people to live in peace and happiness," Jiang said.

Rudd, whose country supported the rebellion from its earliest days, said Gadhafi's death Thursday, two months after he was driven from power and into hiding, was "historic."

Yet he also said that Iran's euphoria at deposing the Shah over 30 years ago morphed into severe repression, and warned Libya's supporters needed to stay attentive and continue to promote openness.

"My point is this: Right now there will be many forces at work within Libyan politics and the responsibility of the international community is to support democratic pluralist forces building a new inclusive Libyan state, a new inclusive Libyan democratic state," Rudd said.

In Europe, leaders sounded an optimistic note.

"Finally the way is free for a political rebirth for peace," German Chancellor Angela Merkel said Thursday, pronouncing herself "relieved and very happy" at the news of Gadhafi's death.

Britain and France, the powers that played a leading role in the military campaign that sealed Gadhafi's fate, said they hoped that his death would open a more democratic chapter in Libya's history, while South Africa's government urged an "all-inclusive political process that will culminate in the holding of the first ever democratic elections."

The African Union immediately lifted Libya's suspension after Gadhafi's death and said the interim leadership, the National Transitional Council, could occupy the country's seat, citing Libya's "exceptional circumstance."

The Vatican described the dictator's death as the end to a "long and tragic" fight to crush an oppressive regime. And U.N. Secretary-General Ban Ki-moon spoke for many when he said that "this is only the end of the beginning."

"The road ahead for Libya and its people will be difficult and full of challenges," he said. "This a time for healing and rebuilding, for generosity of spirit, not for revenge."

Libyan exiles and some of the many victims Gadhafi accumulated over four decades in power also celebrated, although some too expressed fears over the road ahead.

"I was crying, I was shouting, I was smiling," said Najwa Creui, a 40-year-old teacher who stomped a sheet bearing the fallen leader's image outside the Libyan Embassy in London. "It's the day Libyans have been waiting for as long as I have been alive."

"I'm just going to go out and buy an expensive bottle of champagne to celebrate," said Susan Cohen, whose 20-year-old daughter was killed in the 1988 Lockerbie bombing, an atrocity allegedly carried out at Gadhafi's behest.

But Venezuelan President Hugo Chavez, an ally and friend of Gadhafi, called his death deplorable.

"They murdered him," Chavez told reporters, adding that "we will remember (Gadhafi) all our lives as a great fighter, as a revolutionary and as a martyr."

In China, sympathy for Gadhafi remained on Internet forums, including the popular Weibo microblogging site where ordinary Chinese feel freer to express personal views.

"Deeply mourn Libya's former leader Gadhafi, friend of the Chinese people. He died a heroic death," read one comment, signed "Yuan Jun."

"Heroic warrior against Western imperialism, slain by the Western bullets wielded by his own people," read another on the Sohu site, signed simply "Shanghai Internet user."

There was also concern about the confusion over how Gadhafi died, with some leaders and human rights groups saying he should have been taken alive and calling for an investigation. Libyan revolutionaries had pledged to bring Gadhafi to court to face atrocity charges, and Arab satellite TV stations have since broadcast a video showing him taken alive by his opponents.

However, some suggested that, on balance, Gadhafi's death might have worked to greater effect than his capture.

Shashank Joshi, an associate fellow at London's Royal United Services Institute, said that while the revolutionaries may have wanted him alive, "a trial would have been an opportunity for him to grandstand. So in some ways, his death is more cathartic."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-10-21-Libya-World-Reaction/id-02873b34efe54118b0b21413b60194ca

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mattrebello

The next episode of the Engadget Show is coming at you live -- or should we say "undead" -- tomorrow. We're shooting tomorrow at 6PM ET in Manhattan, but if you're not around the Big Apple, you can follow along live from home right here on this very site.

This time out, we've got a very special Halloween edition of the show, including a behind the scenes trip to a high tech haunted house, a visit to New York Comic Con packed with special guests, a costume contest and the unveiling of our Frankengadget winner. We'll also sit down with Intel's resident futurist to talk forward looking technology, pay tribute to Steve Jobs and take a look at the month's hottest new gadgets.

Subscribe to the Show:

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[RSS M4V] Add the Engadget Show feed (M4V) to your RSS aggregator and have it delivered automatically.

The Engadget Show is live tomorrow with Intel, New York Comic Con and more! originally appeared on Engadget on Thu, 20 Oct 2011 13:44:00 EDT. Please see our terms for use of feeds.

Permalink | | Email this | Comments

Source: http://www.engadget.com/2011/10/20/the-engadget-show-is-live-tomorrow-with-intel-new-york-comic-co/

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mattrebello

In Part II of my TCTV interview with Foursquare CEO Dennis Crowley, we get down to brass tacks: How will Foursquare make money? (In Part I, we talked about Radar, Siri, and how mobile interfaces are changing). Foursquare is already experimenting by partnering with various daily deal companies, including Groupon, to show nearby local deals to Foursquare users. But Foursquare is ultimately taking a different approach. ""The daily deal companies are version 1.0 of great things you can build with the Internet that help local merchants drive foot traffic into the door. What we are doing with Foursquare is version 2."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Cym2lNEgZ7s/

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mattrebello

It looks great! Don't forget to tell your friends on Twitter and Facebook!

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Baby Eating Big Business

(AP / Justin David Graybill)

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Tagged: babies, cute kids, occupywallstreet, 99percent

There is none because it DOES NOT HAPPEN.. Been there, done that. Never saw it. Wake up people, the MSM has you drinking laced kool-ade.
Where are all the videos of TEA Party racism, hate, garbage and arrests?
Wow, shit really is bad when the 99%ers are forced to feed their babies cardboard signs for something to eat.
It's even better with the caption from the Atlantic: ?Five-month-old Augustus Rutt, who is teething, chews on a sign during a Rally in support of Occupy Wall Street, in Lancaster, Pennsylvania, on October 15, 2011.? ?Augustus Rutt!

Viral Feed

Source: http://www.buzzfeed.com/mjs538/this-baby-wants-to-eat-big-business

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mattrebello

August 21: Gibbs, Daniels, roundtable

Former White House spokesman and one of the president?s closest confidantes: Obama for America Campaign adviser, Robert Gibbs. Then, Gov. Mitch Daniels (R-IN). Finally, our roundtable: former Tennessee congressman, Harold Ford, Jr. (D); columnist for the Wall Street Journal Peggy Noonan; columnist for the Washington Post, E.J. Dionne; and host of CNBC?s Closing Bell, Maria Bartiromo.

Source: http://www.msnbc.msn.com/id/3032608/vp/44920956#44920956

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mattrebello

NASA Goddard to host Wavefront and Adaptive Optics Industry Day

Public release date: 18-Oct-2011
[ | E-mail |

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Contact: Enidia Santiago-Arce
Enidia.santiago-arce@nasa.gov
301-286-8497
NASA/Goddard Space Flight Center

GREENBELT, Md. -- The "Can you See it Now?" campaign, NASA Goddard Space Flight Center's technology transfer initiative to bring awareness to Goddard's expertise in wavefront sensing and adaptive optics capabilities, will present the "Wavefront and Adaptive Optics Industry Day Workshop" on Thursday, Nov. 3.

The Workshop will take place at the NASA Goddard campus located in Greenbelt, Md.,from 9 a.m. to 4:30 p.m. EDT. For more information and to register, please visit: http://ipp.gsfc.nasa.gov/wavefront/registration.php.

The purpose of the Wavefront and Adaptive Optics Industry Day Workshop is to familiarize attendees with specific Goddard capabilities and technology achievements such as the "Hybrid Diversity Algorithm" and "Visible Nulling Coronagraph." These technologies, and others, have been identified to have applications beyond NASA's needs and are commercially viable.

During the workshop attendees will have the opportunity to have one-on-one discussions with NASA Goddard science and engineering innovators about their technical achievements and meet with technology transfer experts about licensing or partnering opportunities with the NASA Goddard Innovative Partnerships Program (IPP).

For more information, please contact Enidia Santiago-Arce of the NASA Goddard Innovative Partnerships Program at enidia.santiago-arce@nasa.gov, or 301-286-8497.

For more information and to register, please visit: http://ipp.gsfc.nasa.gov/wavefront/registration.php

###

For more information on how to partner with NASA, please visit: http://ipp.gsfc.nasa.gov/partnering.shtm

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?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

NASA Goddard to host Wavefront and Adaptive Optics Industry Day Public release date: 18-Oct-2011
[ | E-mail | Share ]
Contact: Enidia Santiago-Arce
Enidia.santiago-arce@nasa.gov
301-286-8497
NASA/Goddard Space Flight Center

GREENBELT, Md. -- The "Can you See it Now?" campaign, NASA Goddard Space Flight Center's technology transfer initiative to bring awareness to Goddard's expertise in wavefront sensing and adaptive optics capabilities, will present the "Wavefront and Adaptive Optics Industry Day Workshop" on Thursday, Nov. 3.

The Workshop will take place at the NASA Goddard campus located in Greenbelt, Md.,from 9 a.m. to 4:30 p.m. EDT. For more information and to register, please visit: http://ipp.gsfc.nasa.gov/wavefront/registration.php.

The purpose of the Wavefront and Adaptive Optics Industry Day Workshop is to familiarize attendees with specific Goddard capabilities and technology achievements such as the "Hybrid Diversity Algorithm" and "Visible Nulling Coronagraph." These technologies, and others, have been identified to have applications beyond NASA's needs and are commercially viable.

During the workshop attendees will have the opportunity to have one-on-one discussions with NASA Goddard science and engineering innovators about their technical achievements and meet with technology transfer experts about licensing or partnering opportunities with the NASA Goddard Innovative Partnerships Program (IPP).

For more information, please contact Enidia Santiago-Arce of the NASA Goddard Innovative Partnerships Program at enidia.santiago-arce@nasa.gov, or 301-286-8497.

For more information and to register, please visit: http://ipp.gsfc.nasa.gov/wavefront/registration.php

###

For more information on how to partner with NASA, please visit: http://ipp.gsfc.nasa.gov/partnering.shtm

[ | E-mail | Share ]
?

AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Source: http://www.eurekalert.org/pub_releases/2011-10/nsfc-ngt101811.php
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mattrebello

We know you've got questions, and if you're brave enough to ask the world for answers, here's the outlet to do so. This week's Ask Engadget inquiry is coming to us from Damian, who just ain't satisfied with only one SIM in his handset. If you're looking to send in an inquiry of your own, drop us a line at ask [at] engadget [dawt] com.

"I've looked and given up, so I'm chiming to the oracle. What is the best dual-SIM phone?"

We're going to need some serious input from our international readers on this one. Dual-SIM handsets just aren't "a thing" in America, and even finding one is a bit of a chore. But for those elsewhere, what's your preferred device for toting around SIMs from two nations?

Ask Engadget: what's the best dual-SIM phone on the market? originally appeared on Engadget on Sat, 15 Oct 2011 23:11:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/dR5D1neA0Co/

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