Market slips after rally as housing sputters (Reuters)

NEW YORK (Reuters) ? Wall Street dipped on Thursday as housing and financial stocks declined after weaker-than-expected housing data gave investors reason to pause after a recent rally.

Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December and were shy of Wall Street expectations. The data followed Wednesday’s soft pending home sales report and dented optimism that the housing market may have reached a bottom.

Traders said the market’s surprising advance at the start of 2012 meant investors are paying close attention to economic reports that differed from the trend of an improving recovery.

“They are paying attention to everything, with the market up where it is right now. For the fire to continue burning, you need more fuel,” said Uri Landesman, president at Platinum Partners in New York

Stocks began higher, helped in part by the Federal Reserve’s vow on Wednesday to keep interest rates near zero at least until the end of 2014. Investors bet more money would be driven into risky assets, contributing to a rise in the benchmark S&P index of more than 5 percent for the year.

Toll Brothers Inc (TOL.N) lost 3.2 percent to $22.47. The PHLX housing sector index (.HGX) declined 1.1 percent. Banks, which stand to benefit from a recovery in housing, also fell. The KBW Bank index (.BKX) dropped 1.8 percent. SunTrust Banks Inc (STI.N) shed 5.2 percent to $20.50 after Deutsche Bank lowered its rating on the stock.

Stocks rose at the start of the session after data showed orders for durable manufactured goods rose more than expected in December, while unemployment benefit claims last week rose only moderately.

Caterpillar Inc (CAT.N) kept the Dow in positive territory as its shares gained 2.7 percent to $112. The manufacturer posted a jump in quarterly earnings that far exceeded Wall Street expectations on increased global demand for construction machinery and mining equipment.

The Dow Jones industrial average (.DJI) gained 11.27 points, or 0.09 percent, to 12,768.23. The Standard & Poor’s 500 Index (.SPX) dropped 4.26 points, or 0.32 percent, to 1,321.79. The Nasdaq Composite Index (.IXIC) lost 8.45 points, or 0.30 percent, to 2,809.86.

3M Co (MMM.N), a conglomerate with operations throughout the economy also supported the Dow after it reported higher-than-expected quarterly earnings as demand from industrial and transport markets offset weak sales to makers of consumer electronics. The shares rose 1.4 percent to $87.71.

This is one of the busiest weeks of earnings season, with 117 S&P companies expected to report. According to Thomson Reuters data, 59 percent of the 152 companies in the S&P 500 that have reported earnings beat analysts’ forecasts, down from the 70 percent beat rate in recent quarters at this stage.

AT&T Inc (T.N) posted a $6.7 billion quarterly loss on a break-up fee for its failed T-Mobile USA merger and a pension-related charge on top of costly subsidies for smartphones. The shares fell 2.2 percent to $29.54.

Amgen Inc’s (AMGN.O) shares fell 1.3 percent to $68.30 and weighed on the Nasdaq after the world’s largest biotechnology company said it would pay more than $1 billion to buy Micromet Inc (MITI.O), a deal that would give it access to the company’s novel cancer treatment technology.

Micromet’s shares jumped 31.9 percent to $10.92 and were the most heavily traded on Nasdaq.

(Reporting By Chuck Mikolajczak; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20120126/bs_nm/us_markets_stocks

cybermonday coach outlet apostasy canon powershot elph 300 hs christmas lights canon eos rebel t3 christmas photo cards

Video: In debt? Tips to pay it off and still save

Source: http://www.msnbc.msn.com/id/3041440/vp/46027734#46027734

jerome simpson indoor football league newt gingrich wife callista rick perry travis barker get back on board

11th child seized in Mexico trafficking case (AP)

MEXICO CITY ? Prosecutors in Mexico say they have seized an 11th child in the case of an apparent child-trafficking ring in the western city of Guadalajara that aimed to supply babies to Irish couples.

The Jalisco state prosecutor’s office says the 4-month-old girl was taken from her mother’s home.

The office’s statement Wednesday also says federal prosecutors are analyzing whether to take over the case.

Prosecutors say at least 11 Irish couples are involved in the case. It says 15 Irish citizens have been questioned by authorities and none of them face charges. All have returned to Ireland.

Police are looking for two lawyers who were handling the adoptions and have detained nine Mexicans in the case. No one has been charged.

Source: http://us.rd.yahoo.com/dailynews/rss/mexico/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_re_la_am_ca/lt_mexico_child_trafficking

moneyball moneyball nasa satellite nasa satellite v for vendetta kate walsh space junk

IPhone thieves find Apple support helpful to them, too (Reuters)

(Reuters) ? When Apple Inc set up its customer service plan for the iPhone, it seems to have had the best intentions of humanity in mind — any phone under warranty can get serviced because it’s the phone that’s tied to the warranty, not the owner.

So you don’t have to show up in person at an Apple store to get your phone fixed, which allows the common scenario of the boss sending his or her assistant to get repairs. Similarly, someone who bought their phone from someone else can get a repair without a hassle.

This approach thrills many Apple owners, who have boasted on message boards of how generous some stores have been in replacing broken iPhones. But that same approach has apparently rewarded a lot of thieves. The ease of trading in stolen iPhones and selling their replacements makes them nearly as tempting as grabbing cash.

In cities from coast-to-coast, reports of iPhone thefts are common. While some thieves sell the phones through the traditional channels of fencing stolen goods, examples abound of stolen iPhones being brought back to Apple, as if broken, for either replacement or a discount on a new unit.

“Apple seems to have not considered stolen devices and instead is relying on the honor system,” says Robert Siciliano, a consultant for Intel Corp’s technology security unit McAfee and an identity theft expert. “The honor system is devised with the mindset that we are all sheep and there are no wolves.”

Siciliano says he has known of this problem for a while, but doesn’t see any immediate solution. “Until consumers scream loud enough about this issue, Apple probably won’t do anything about it.”

MIT graduate student Kayla Menard is among those who wants her voice to be heard screaming. She was sending a text from her 3-month-old iPhone while waiting for a train at Boston’s Park Street Station last month when someone snatched it from her hand and ran.

Days later she received an automated email that her damaged phone was repaired at an Apple Store. She went to the store to try to get back her phone, but they wouldn’t hand it over to her, and she was told there was nothing they could do. “Because I don’t have possession of the phone, they won’t help me at all,” she says.

Menard says she was astonished to find out that Apple wouldn’t help, even though they had her phone. Because someone else had brought in the phone, she was told, the store could not return it to her. She says she believes the thief was sold a new phone at a discount.

An Apple spokeswoman declined to comment on the issue of stolen iPhones being turned in at Apple stores, where they are either replaced or turned in for discounted replacement phones. The cost of an iPhone 4s starts at $199 and goes to $399, depending on how much memory it has, when a purchaser also gets a two-year contract with a carrier. The cost is considerably higher without a contract.

Just how popular are iPhones for thieves? An internal New York City Police report found that cell phones and other gadgets were the target of half of the 16,000 robberies reported in New York between January and October 2011 and that 70 percent of all phones taken from subway and bus passengers were iPhones, according to the New York Daily News, which obtained the never-released document.

That’s not a surprise to Michele Bosler, claims supervisor for gadget insurer Worth Ave. Group, who explains that it has always been the case. “They are the most commonly stolen phone, but that has not increased in volume since they first came out onto the market.”

Frustrated with Apple’s role after the theft of her phone, Menard says she found her carrier, Verizon Wireless, to be sympathetic. She had already reported the device stolen and had it disabled. Employees of Verizon Wireless — a venture of Verizon Communications Inc and Vodafone Group Plc — expressed their frustration, she says, that the Apple store never checked to see whose phone they had.

Verizon Wireless spokesman Paul Macchia declined to comment, saying the questions should be directed to Apple. Mark Siegel, spokesman for AT&T Inc, which until last year was the only carrier supporting iPhones, responded similarly and would not discuss the problem or what the company tells customers who have their phones stolen.

Meanwhile, the continuing problem of iPhone thefts has spurred the growth of applications intended to help users protect their data and catch thieves. Perhaps the most notable one is called iGotYa, which takes a photo of anyone who incorrectly types in the password on a locked phone. The photo is then emailed to the owner’s email address along with the location where the photo was taken. It’s probably not the solution, but it is an amusing idea.

(Editing by Beth Pinsker Gladstone and Gerald E. McCormick)

Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/nm/20120125/tc_nm/us_iphone_thefts

santonio holmes raheem morris mt rainier winter classic stanford vs oklahoma state caucus vesta williams

FATAL ATTRACTION NEEDS MALE

RolePlayGateway is proudly powered by obscene amounts of caffeine, duct tape, WordPress, Moodle, phpBB, AJAX Chat, Mantis, and the efforts of many dedicated writers and roleplayers. It operates under a “don’t like it, suggest an improvement” platform, and we gladly take suggestions for improvements or changes.

The custom-built “roleplay” system was designed and implemented by Eric Martindale as of July 2009. All attempts to replicate or otherwise emulate this system and its method of organizing roleplay are strictly prohibited without his express written and contractual permission; violators will be prosecuted to the fullest extent of the law.

? RolePlayGateway, LLC

Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/ptaAty6YTkc/viewtopic.php

dragons angry birds game minecraft friends quizzes hipster collegeboard

Haiti creates nationwide food program (AP)

PORT-AU-PRINCE, Haiti ? Haiti’s government has kicked off a program that it hopes will provide meals to 2.2 million school children across the country.

The effort is called “Aba Grangou,” Haitian Creole for “Down With Hunger,” and will enlist 10,000 workers to fan out across the nation. Half of the targeted children will be under the age of five.

Hunger and malnutrition have long been perennial problems in Haiti.

The country’s farms have been devastated by the effects of cheap food imports and deforestation.

More than half of Haiti’s 10 million people get by on less than $2 a day and they are vulnerable to fluctuating food prices on the global market.

First Lady Sophia Martelly announced the program Tuesday.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_re_la_am_ca/cb_haiti_food

photobucket judas priest tlc phillies phillies eastbay dallas news

Author-commentator Charla Krupp dies in NYC at 58

(AP) ? Charla Krupp, a popular author and commentator on fashion and beauty whose best-sellers included “How Not to Look Old” and “How to Never Look Fat Again,” has died at age 58.

Krupp’s husband, Richard Zoglin, said she died Monday of breast cancer at their home in Manhattan.

Krupp made numerous television appearances over the years. According to her publisher, the Hachette Book Group, she was on NBC’s “Today” show more than 100 times and was featured on Oprah Winfrey’s syndicated talk program and on ABC’s “Good Morning America” and “The View.”

As entertainment editor for Glamour magazine, she interviewed Meryl Streep, Madonna and other celebrities. She also wrote for Time magazine, USA Today, Town & Country and many other publications and had a second run at Glamour as beauty editor.

Her husband called her “a pioneering journalist, a champion of women and an amazing life force.”

“She touched millions of women, and I’m sure they share my loss,” Zoglin, a theater critic for Time, said in a statement.

Krupp was born and raised in Wilmette, Ill., and majored in journalism at the University of Illinois.

Hachette announced that the Krupp and Zoglin families had established the Charla Krupp Memorial Fund for Women in Media at the University of Illinois College of Media.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-01-23-Obit-Krupp/id-157a2bd06335446a9dd95e90991ae917

museum tsa playstation store praxis boston weather weather boston ascension day

Joe Paterno, revered coach tainted by scandal, dies (Reuters)

STATE COLLEGE, Pennsylvania (Reuters) ? Penn State’s Joe Paterno, the winningest coach in major college football history who was fired in November over a child sexual abuse scandal involving an assistant that rocked America, died on Sunday of lung cancer. He was 85.

Paterno won adoration from fans of the highly successful and profitable Penn State football program and they unleashed invective at the university board of trustees who fired him unceremoniously after 46 years as head coach, tarnishing his outsized legacy.

Equally outraged were his critics and advocates for victims of sexual abuse who faulted Paterno for his relative inaction upon hearing an accusation that former defensive coordinator Jerry Sandusky had sexually abused a young boy in the Penn State football showers in 2002.

Paterno told university officials but not police, opening him to criticism that he protected an accused child molester for nine years.

Sandusky, 67, who has maintained his innocence, faces 52 criminal counts accusing him of sexually abusing 10 boys over 15 years, using his position as head of a The Second Mile, a charity dedicated to helping troubled children, to find his victims. The court placed him under house arrest.

Waves of mourners descended on a makeshift shrine to Paterno outside the university’s Beaver Stadium. They draped an American flag on a statue of Paterno and wrapped its neck with a Penn State scarf.

Sobbing at the statue’s feet was Dana Gordon, a 1982 graduate who blamed the school’s board of trustees for hastening Paterno’s death by firing him in a “callous way.”

“The way the board treated him took a lot of the fight out of him,” Gordon said.

Later, a few thousand mourners braved freezing cold temperatures to attend a vigil. Many held candles while the football team’s marching band played somber music, including “Amazing Grace.”

“I am not only a better player because of him, but also a better person as well,” Penn State quarterback Matt McGloin said in a ceremony that made only vague references to the scandal. “This guy was not only a football coach. He was also a father, a husband, and I consider him a friend.”

The scandal raised questions about the measures the university took to protect Sandusky and a football program that Forbes magazine estimated made a profit of $53 million in 2010, especially since accusations against him first surfaced in 1998. At that time a university police detective admonished Sandusky to stop showering naked with boys but stopped short of bringing criminal charges.

One of the biggest scandals in college sports history, it provoked a national discussion about pedophilia in the same way charges involving Roman Catholic priests did years earlier.

The matter also drew impassioned arguments about the balance between protecting the young and the rights of criminal defendants, who are presumed innocent until proven guilty.

“I hope his passing and the controversy surrounding Sandusky will deter other people, especially powerful people, from covering up child sex crimes,” said David Clohessy, director of Survivors Network of those Abused by Priests, a support group.

“Even decades of professional achievement should not obscure dreadfully reckless and callous inaction that results in child sex crimes,” Clohessy said.

Sandusky issued a statement sending condolences to the Paterno family but did not mention the investigation.

“Nobody did more for the academic reputation of Penn State than Joe Paterno. He maintained a high standard in a very difficult profession,” Sandusky said.

Paterno won a reputation for making sure his players graduated and one of the program’s mottos was “Success With Honor.”

Paterno’s downfall was spectacular. For decades he was a symbol of vitality who patrolled the Penn State sidelines with unchallenged authority, easily recognizable by his thick eyeglasses and jet-black hair that grayed a little in his later years. His two national championships, in 1982 and 1986, won him enduring loyalty from fans who affectionately called him “JoePa.”

In the end, he was confined to a wheelchair upon breaking his hip in a fall one month after being fired, and he wore a wig after losing his hair to chemotherapy, according to the Washington Post, which interviewed Paterno about a week before his death.

Paterno was surrounded by family when he died 9:25 a.m. on Sunday of metastatic small cell carcinoma of the lung, Mount Nittany Medical Center said in a statement.

IMPACT ON CRIMINAL CASE

Paterno’s death may not significantly affect the case against Sandusky, but was more likely to weaken the criminal case against two university officials charged with perjury, legal experts said.

Paterno learned of at least one accusation against Sandusky in 2002, when graduate assistant Mike McQueary told Paterno he witnessed Sandusky molesting a boy of about 10 years old in the showers of the Lasch Football Building.

Paterno told university officials but not police, a decision that ultimately led to his downfall.

Paterno, in an interview with the Washington Post published on January 14, said he was uncertain how to handle the matter and trusted the university administration.

Paterno testified before the grand jury that he informed former athletic director Tim Curley about what McQueary told him. About 10 days later, McQueary testified, he was called to a meeting with Curley and university finance official Gary Schultz to discuss what happened.

Curley and Schultz both face perjury charges based on their inaction. Schultz also testified before the grand jury he was aware of the 1998 investigation of Sandusky.

University President Graham Spanier was fired along with Paterno, and Curley and Schultz stepped down.

“If he (Paterno) had known the devastation that this means, he would have reacted differently,” said Peter Pelullo, founder of Let Go, Let Peace Come In, a support group helping some of Sandusky’s accusers with counseling.

Because Paterno was not believed to have witnessed any purported abuse, his testimony would not have been crucial to Sandusky trial, said Paul Callan, a former prosecutor and criminal defense attorney.

But his death could set back the criminal case against Curley and Schultz because they will be denied the chance to cross-examine an important witness.

Max Kennerly, a Philadelphia trial lawyer who has followed the case, said Paterno’s death was unlikely to alter any civil litigation being contemplated by Sandusky’s accusers. If any were considering suing Paterno, they could just name his estate.

“Death doesn’t change your status as a party,” Kennerly said.

(Additional reporting by Ian Simpson, Barbara Goldberg, Noeleen Walder and Andrew Longstreth; Writing by Daniel Trotta and Barbara Goldberg; Editing by Cynthia Osterman)

Source: http://us.rd.yahoo.com/dailynews/rss/health/*http%3A//news.yahoo.com/s/nm/20120123/ts_nm/us_usa_paterno

leymah gbowee hunger games trailer hunger games trailer austin rivers austin rivers ows kindle fire review

Debate Takeaways: Mitt Romney On Offense, Newt Gingrich Goes Zen, Paging Rick Santorum and Ron Paul (ABC News)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics – Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/190715783?client_source=feed&format=rss

aapl wells fargo leonard cohen letter of resignation usgs merrill lynch boxhead zombie wars

Refiner Petroplus filing for insolvency (AP)

LONDON ? Swiss-based Petroplus Holdings, Europe’s largest independent oil refiner, said Tuesday that it was filing for insolvency after failing to reach an agreement with its lenders on its $1.75 billion credit line.

Petroplus said the lenders had filed notices of acceleration, effectively placing the company in default, and appointed a receiver for the Swiss company’s U.K. assets.

It is preparing to file for insolvency in Switzerland and other countries where it has subsidiaries. The company has refineries in Switzerland, France, Belgium, Germany and England.

Petroplus, which reported a net loss of $413 million in the first nine months of last year, said last week it had decided to sell the facility in France and might do same with the Swiss and Belgian sites.

“We have worked hard to avoid this outcome, but were ultimately not able to come to an agreement with our lenders to resolve these issues given the very tight and difficult European credit and refining markets,” chief executive Jean-Paul Vettier said in a statement from company headquarters in Zug, Switzerland.

Trading in the Petroplus shares had been suspended on Monday. On Tuesday, they plummeted 84.4 percent to 0.23 Swiss francs.

The company’s troubles already have forced a halt to production at the Cressier refinery in northwest Switzerland, but that has not caused any disruption to the nation’s fuel supplies.

Petroplus had announced on Dec. 30 that it would temporarily shut down the Petite Couronne, France; Antwerp, Belgium; and Cressier refineries in January “given limited credit availability and the economic climate in Europe.”

The company was downgraded by Standard & Poor’s late last year from B to CCC+.

In Britain, the Unite union said 1,000 jobs were at stake at Petroplus’ Coryton refinery, which represents a tenth of Britain’s refinery capacity and is a key supplier for the London area.

“This is a hammer blow for the people who work at the refinery in Coryton, who have been kept totally in the dark over the negotiations in Switzerland but have today received the news they most feared,” said Richard Margrave, a member of the European Parliament who represents the area.

Employees were working at the refinery as normal but no shipments of refined products were being made, a condition imposed by the lenders, Margrave said.

Refinery profitability has been squeezed as operating expenses and the cost of crude oil rose faster than the value of the products, and the economic slowdown in Europe has added to the pressure.

A survey by energy consultancy Wood Mackenzie in 2010 found that 29 of 96 refineries in the European Union did not generate a positive net cash margin.

___

Geir Moulson in Berlin and Frank Jordans in Davos contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_bi_ge/eu_britain_petroplus

sunburn treatment sams metropcs bishop eddie long single ladies polo atlantic city