Saturday, February 2, 2013

World stock markets up as Dow logs strong January

BANGKOK (AP) ? World stock markets were mostly higher Friday, fueled by Wall Street's overall sterling performance for January as investors waited for U.S. employment figures expected to show steady job growth.

Economists forecast the economy added 155,000 jobs in January and that the unemployment rate stayed at 7.8 percent for a third straight month. That would help the economy grow after it shrank at an annual rate of 0.1 percent in the final quarter of 2012.

Britain's FTSE 100 rose 0.3 percent to 6,296.03 in early trading. Germany's DAX advanced 0.3 percent to 7,800.28. France's CAC-40 added 0.2 percent to 3,740.20. Wall Street futures were higher. Dow Jones industrial futures rose 0.4 percent to 13,849 while S&P 500 futures added 0.3 percent to 1,497.50.

Although the Dow Jones industrial average finished lower on Thursday, the index logged its best January since 1994 by finishing 5.8 percent higher for the month. The Standard & Poor's 500 finished the month 5 percent higher, its best start to the year since 1997.

"There is a general feeling in the US that markets are due for a breather, and after such a red-hot month any excuse to take profits looks likely," said Evan Lucas of IG Markets in Melbourne.

Asian stocks were mixed after manufacturing data from China fell short of expectations. Industrial production is still growing, but at a slower pace, according to the government-sanctioned China Federation of Logistics and Purchasing. Its manufacturing index for January fell to 50.4 from 50.6 in December on a 100-point scale in which numbers above 50 indicate expansion.

Hong Kong's Hang Seng fell marginally to 23,721.84. South Korea's Kospi dropped 0.2 percent to 1,957.79. Australia's S&P/ASX 200 gained 0.9 percent to 4,921.10. The ASX closed at 4,879 on Thursday, capping its best January since 1995, Lucas said.

Japan's Nikkei 225, meanwhile, was once again energized by the yen's continued descent against the dollar. The index rose 0.5 percent to 11,191.34.

Among individual stocks, South Korea's Doosan Heavy Industries & Construction plummeted 8.1 percent on rumor it will issue new shares, Yonhap News Agency reported. Japanese phone company Softbank, which said Thursday its net profit more than doubled in the October-December quarter from a year earlier, jumped 5.7 percent.

Benchmark oil for March delivery was down 13 cents to $97.39 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 45 cents to close at $97.49 a barrel on the Nymex on Thursday.

In currencies, euro rose to $1.3640 from $1.3574 late Thursday in New York. The dollar rose to 92.15 yen from 91.38 yen.

___

Follow Pamela Sampson on Twitter at http://twitter.com/pamelasampson

Source: http://news.yahoo.com/world-stock-markets-dow-logs-strong-january-093328621--finance.html

new york mega millions jetblue jetblue michelle malkin october baby sugarland 16 and pregnant

How mobile phones disrupt India | mydigitalfc.com

In 2012, India had 925 million mobile ph?one subscribers. The phones have helped organise protests by middle-class Indians, most

recently against the savage rape and slaying of a young woman in Delhi.

They have also starred in one of India?s biggest-ever scandals. The country?s most prominent politicians, journalists and businessmen were incriminated in a rigged auction of 2G spectrum; they were exposed by the secretly taped phone conversations of a corporate lobbyist.

A superb new book, The Great Indian Phone Book: How the Cheap Cell Phone Changes Business, Politics, and Daily Life, by Assa Doron and Robin Jeffrey, reminds us how little we have explored the new landscape of opportunity, aspiration and, inevitably, disappointment that mobile phones have opened up in India.

In the early 1990s, when I first started living in a village in the state of Himachal Pradesh, the local post office, which tellingly had a broken clock and a nonfunctional phone, was still the main centre of communications.

Like most residents of Mashobra, I had no phone at home ? the government?s waiting list for one extended indefinitely into the future. I went often to the bazaar to make calls from a public phone and to pick up my mail at the small post office, where a migrant labourer or two would invariably request I write brief messages on postcards and money-order forms to their loved ones.

?How is your health now?? ?Did my last money-order reach you?? ?I?ll try to come home for Diwali.? I wrote in Hindi, in a steadily deteriorating hand, and was relieved on days when I could ask my neighbour Daulatram, who printed a Sanskrit magazine below my house, to pick up my mail.

Finally Connected

My application for a phone was finally approved in 1999; and Daulatram, who had then started to officiate as a priest at weddings and funerals, become one of my Bakelite?s regular users, along with a couple of young men looking for jobs outside the village. But the prohibitive cost of national and international calls meant that I had to monitor the conversations and put the phone in a padlocked wooden case, lest a reckless talker plunge me into penury.

Mobile phones had arrived by then in India. But they hadn?t reached our village. Doron and Jeffrey date their rapid proliferation to 2000, when the cost of mobile calls per minute collapsed from Rs16 to Rs4 (about 36 cents to 9 cents). But I kept scribbling messages in awkward Hindi at the post office until the middle of the decade, when cheap, prepaid connections became widely available and known. Subscribers grew from 45 million in 2002 to almost a billion in 2012.

Those who couldn?t even dream of possessing a landline now have more than one mobile phone. My village has more migrants than before, many from the most impoverished states. But they are not to be found at the post office anymore. A ?missed call,? a widely used form of communication among the poorest Indians that conveys information without incurring charges, can encode all the messages I used to laboriously write.

Mobile phone retail and repair shops dominate ba?zaars across India, set apart from pre-modern clutter and grime by their perky billboards. Millions of Indians manufacture mobile phones (India hosts Nokia?s largest factory), erect and maintain the country?s nearly half a million towers, or sell new connections.

Flash Mobs

But what does the ubiquity of mobile phones mean for a country where, as Doron and Jeffrey point out, hierarchy is ?more refined and more deeply embedded in daily life than anywhere else?? As India?s most garish totem of an ostensibly egalitarian consumerism, the phone can deceive, and its potential can be exaggerated. After all, Indians have greater access to mobile connections than to working toilets. Happily, the authors of The Great Indian Phone Book quickly step away from such extravagant claims as ?the poor, low-status boatman on the Ganga can conceivably ring India?s equivalent of Carlos Slim.?

?Technology,? they warn, ?does not eliminate political and social structures, though it may modify them.?

As an example ? one of the many in this lively book ? they offer small-scale fishermen in Kerala, who could cooperate more closely on prices while out at sea. But so, it turns out, could the traders back on the shore.

Certainly, mobile ph?ones did not help the young men who used my landline to transcend their med?iocre education and find jobs in ?rising? India. Their real beneficiary, ironically, has been Daulatram, who, after the Sanskrit magazine ce?ased publication, used a phone purchased with a little help from his friends to build a wide network of clients and carry on the tasks of his Brahmin ancestors.

A live connection in his pocket not only helps him return to his ancestral village more often to look after his cultivable land, it also provides him news about weather and crop blight.

Thus, mobile phones can help rebuild traditional vocations of agriculture and priestcraft while doing nothing at all for those aspiring to join the modern world.

Instant communication in the realm of politics reveals an even more ambiguous picture. The potential of mobile phones in exposing corrupt officials, and mobilising an irate citizenry, has been clearly demonstrated.

India?s finance minister (and former home minister) Palaniappan Chida?mbaram was paying it a backhanded tribute when he recently spoke of his government?s unpreparedness in the face of ?flash mobs? ? the minatory phrase referred to those who besieged the heart of New Delhi last month, demanding swift action against rapists. Mobile phones can also help new parties to reach out to apolitical youth and boost their membership figures ?Imran Khan, one of Pakistan?s prime-ministers-in-waiting, claims to have recruited millions to his anti-corruption cause through text messages.

Help Needed

But mobile phones alone cannot generate a coherent and viable political programme. More than flashiness of any kind, mass politics still requires persistence and commitment.

The ?purpose and politics? of the phone, Doron and Jeffrey write, ?come fr?om the people who use it.? Indeed, faster than any other medium, the phone can sp?read malicious rumours and conspiracies, such as the threatening text messages allegedly from Muslim extremists that led to an exodus of migrant workers from South India last year.

No wonder the government wants to control and monitor mobile-phone and social-media networks in India now, after years of restricting access to them in insurgency-hit Kashmir.

In a deeply unequal and volatile country, ?the disruptive potential of the cell phone is more profound than elsewhere and the possibilities for change more fundamental.? But what kind of disruption and change can we expect? An older form of connectedness ? aided by road, rail and telegraph networks ? created the political and administrative entity that we know as India. It became very useful for both British colonialists and their successors, the postcolonial Indian elite, in controlling a vast territory.

However, mobile phones, enlisted into India?s million mutinies, may stoke sectarianism rather than cohesion, and facilitate anarchy rather than orderly democracy.

?Bloomberg

(Pankaj Mishra is a Bloomberg View columnist. The opinions expressed are his own.)

Source: http://www.mydigitalfc.com/opinion/how-mobile-phones-disrupt-india-691

all star weekend 2012 giada de laurentiis howard hughes nationwide race wanderlust gone tyler perry good deeds

Christina Ricci: Engaged to James Heerdegen!

Source: http://www.thehollywoodgossip.com/2013/02/christina-ricci-engaged-to-james-heerdegen/

oscar nominations 2012 kombucha tea separation of church and state dale earnhardt oscar predictions nba all star game 2012 academy awards 2012 nominations

Signs of firm US recovery trigger market gains

LONDON (AP) ? Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe.

The world's largest economy added 157,000 jobs in January, in line with market expectations, though hiring over the past two years was revised up. The improvement was not sufficient to prevent the unemployment rate ? which is based on surveys of households, not employers ? from edging up to 7.9 percent from 7.8 percent in December.

But the figure eased concerns that the U.S. economic recovery may have been running out of steam. Official data this week showed the economy contracted on an annualized basis in the fourth quarter for the first time in three years, though mainly due to a one-off fall in defense spending.

Other indicators released Friday proved similarly upbeat ? a measure of manufacturing activity in the U.S. rose strongly in January while construction spending grew in December.

In Europe, Germany's DAX rose 0.7 percent to close at 7,833.39 while France's CAC-40 added 1.1 percent to 3,773.53. Britain's FTSE 100 rose 1.1 percent to 6,347.24.

Wall Street rallied as well, with the Dow rising 1 percent to 13,999.08, trading momentarily above 14,000 for the first time since October 2007. The broader S&P 500 added 1 percent to 1,512.31.

Although the Dow Jones industrial average finished lower on Thursday, the index logged its best January since 1994 by finishing 5.8 percent higher for the month. The Standard & Poor's 500 finished the month 5 percent higher, its best start to the year since 1997.

Earlier, upbeat news in Europe had helped push markets higher. Official figures showed the unemployment rate in the 17-country eurozone was at a lower-than-expected 11.7 percent in December, unchanged from the previous month's rate, which was revised down from 11.8 percent, a record high. Inflation was also steady, suggesting the recession ravaging the currency union is it abating.

"With eurozone economic activity seemingly bottoming out last October and business confidence picking up, the pressure on labor markets has eased," said Howard Archer, chief European economist at HIS Global Insight.

"Nevertheless, business confidence is still relatively low in most countries and eurozone economic activity is unlikely to be strong enough to prevent further rises in unemployment over the coming months."

Earlier in Asia, stocks were mixed after manufacturing data from China fell short of expectations. Industrial production is still growing, but at a slower pace, according to the government-sanctioned China Federation of Logistics and Purchasing. Its manufacturing index for January fell to 50.4 from 50.6 in December on a 100-point scale in which numbers above 50 indicate expansion.

Hong Kong's Hang Seng fell marginally to 23,721.84. South Korea's Kospi dropped 0.2 percent to 1,957.79. Australia's S&P/ASX 200 gained 0.9 percent to 4,921.10. The ASX closed at 4,879 on Thursday, capping its best January since 1995, Lucas said.

Japan's Nikkei 225, meanwhile, was once again energized by the yen's continued descent against the dollar. The index rose 0.5 percent to 11,191.34.

Benchmark oil for March delivery was up 46 cents to $97.95 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 45 cents to close at $97.49 a barrel on the Nymex on Thursday.

In currencies, euro rose to $1.3701 from $1.3574 late Thursday in New York. The dollar rose to 92.51 yen from 91.38 yen.

___

Pamela Sampson in Bangkok contributed to this report.

Source: http://news.yahoo.com/signs-firm-us-recovery-trigger-market-gains-161719292--finance.html

paul williams paul babeu kevin costner budweiser shootout animal house invincible jesse jackson

Friday, February 1, 2013

Buffett's firm buys Greensboro, NC, newspaper

Warren Buffett's Berkshire Hathaway Inc. is adding the Greensboro, N.C., News & Record to its growing newspaper division.

Berkshire Hathaway said Thursday it had acquired the 122-year-old daily newspaper from Landmark Media Enterprises, which is based in Norfolk, Va.

Financial terms of the acquisition were not disclosed. The Omaha World-Herald, which oversees Berkshire's newspaper division, reported that the News & Record has daily circulation of 58,000 and Sunday circulation of 86,000.

Terry Kroeger, who leads the newspaper unit, says the Greensboro newspaper will be a great fit with the other small and medium-sized community newspapers Berkshire has purchased.

Newspapers remain a relatively small part of Berkshire Hathaway, which owns an assortment of more than 80 subsidiaries and holds major investments in companies such as Coca-Cola Co., Wells Fargo and IBM.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.nbcnews.com/id/50653817/ns/business-us_business/

secret service scandal shea weber greystone sidney crosby at the drive in alternative minimum tax modeselektor

Small Business Field Guide to SoLoMo | Visual.ly

Today?s sophisticated consumers are using mobile devices more than ever and they're using them to access social media and business web/ecommerce sites. People are constantly on their smartphones and tablets looking for things to do or to buy. In order to attract and keep this audience, your brand needs an integrated approach to SoLoMo. You need to get social, think local, and spend on mobile. Check out this infographic which helps show the importance of a SoLoMo approach.


Source: http://visual.ly/small-business-field-guide-solomo

rueben randle mike trout ryan broyles jerel worthy alshon jeffery miami heat bulls

Departure of Chesapeake CEO McClendon signals new era in natural gas

If the change at Chesapeake is any indication, the natural gas industry is going to be far more buttoned-down as it pares debt and boosts operating profit.

By Laurent Belsie,?Staff writer / January 30, 2013

Aubrey McClendon, president and chief executive officer of Chesapeake Energy, walks through the French Quarter in New Orleans in March 2012. The flamboyant dealmaker has agreed to retire April 1 as the company looks to pare its debts and strengthen its balance sheet.

Sean Gardner/Reuters/File

Enlarge

If anyone needed confirmation that America's boom in natural gas has entered a new phase, the fall of Aubrey McClendon just provided it.

Skip to next paragraph

Recent posts

' + google_ads[0].line2 + '
' + google_ads[0].line3 + '

'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // -->

Over a quarter century, the flamboyant but shrewd dealmaker helped build tiny Chesapeake Energy into the second-largest natural gas producer in the United States after ExxonMobil. He made a dizzying array of deals, negotiating with the likes of international players like Total in France and CNOOC in China. Eventually, the company acquired rights to drill for oil and gas more than 16 million acres of land in several states.

Now the brash and acquisitive chief executive is out. In a press release Tuesday, Chesapeake Energy said Mr. McClendon had agreed to retire April 1, but would stay on until his successor was found.

It's not hard to see why the company is making a change. Under McClendon, the company ran up huge debts in its buying spree. That worked as long as gas prices stayed high. But when all that new drilling created a glut of gas, prices collapsed and the fortunes of Chesapeake ? and McClendon himself ? declined with it.