Source: http://www.thehollywoodgossip.com/2013/06/desiree-hartsock-will-bachelorette-choose-no-one/
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Tuesday, June 18, 2013
Wall Street rebounds from last week, climbs on Fed expectations after weekly loss
By Caroline Valetkevitch
NEW YORK (Reuters) - U.S. stocks rose 1 percent on Monday as investors speculated the Federal Reserve will reaffirm its commitment to supporting the economic recovery when it meets this week.
Technology and energy shares led gains on the S&P 500, pointing to bets on a stronger economy.
Equities were supported by data that showed U.S. homebuilder sentiment jumped in June, rising to highest in seven years since the start of the housing crisis. The PHLX housing sector index <.hgx> rose 2.2 percent.
While consensus is building among policymakers that the time is approaching for the U.S. central bank to scale down its program of buying $85 billion of bonds each month, also known as quantitative easing, investors are divided over when the Fed will start to wind down the stimulus.
The U.S. central bank's Federal Open Market Committee will meet on Tuesday and Wednesday, issuing a statement at the conclusion on Wednesday, followed shortly after by a news conference by Fed Chairman Ben Bernanke.
Bernanke had said on May 22 that the Fed could reduce the pace of QE in the "next few meetings," sparking a global bond and stock selloff.
"I think that the market's positioning itself ahead of the comments that will be coming from Chairman Bernanke. I think the chairman will probably say something to the effect the Fed will use every means at its disposal to make sure the economic growth we've seen continues," said Angel Mata, managing director of listed equity trading at Stifel Nicolaus Capital Markets in Baltimore.
The Dow Jones industrial average <.dji> was up 160.20 points, or 1.06 percent, at 15,230.38. The Standard & Poor's 500 Index <.spx> was up 16.64 points, or 1.02 percent, at 1,643.37. The Nasdaq Composite Index <.ixic> was up 41.15 points, or 1.20 percent, at 3,464.71.
Major indexes closed lower on Friday for the third week of losses in the past four.
Volatility in stocks has spiked, with the Dow industrials averaging daily swings near 191 points since Bernanke's remarks. The average for 2013 before then was about 110 points.
Among rising stocks, video streaming company Netflix Inc's
Advanced Micro Devices Inc rose 3.5 percent to $4.08 after Barron's said prospects look better for the maker of microprocessors for personal computers.
Terex Corp
Growth in New York state manufacturing picked back up in June, but the details of a report by the New York Fed Bank were less encouraging as new orders and employment weakened.
(The story was refiled to remove extra words in headline)
(Additional reporting by Rodrigo Campos and Alison Griswold; Editing by Theodore d'Afflisio, Nick Zieminski and Kenneth Barry)
Source: http://news.yahoo.com/stock-futures-jump-weekly-loss-fed-eyed-114835082.html
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MWE Marketing Strategies: "Veteran Friendly Business" advertising ...
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Source: http://mwemarketingstrategies.blogspot.com/2013/06/veteran-friendly-business-advertising.html
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Monday, June 17, 2013
UK's Cameron rallies world leaders to N.Ireland
ENNISKILLEN, Northern Ireland (AP) ? British Prime Minister David Cameron says leaders gathering Monday for the G-8 summit in Northern Ireland should reach speedy agreement on trade and tax reforms, and draw inspiration from the host country's ability to resolve its own stubborn conflict.
Speaking hours ahead of the summit's official opening at a lakeside golf resort, Cameron said he expects formal agreement to launch negotiations on a European-American free trade agreement. He said a pact to slash tariffs on exports would boost employment and growth on both sides of the Atlantic.
"This will be a summit that will drive growth and prosperity all over the world," Cameron declared as he arrived at the summit venue ahead of leaders from the United States, Canada, Russia, Germany, France, Italy and Japan as well as the 27-nation European Union.
Referring to Northern Ireland's ability to leave behind a four-decade conflict that claimed 3,700 lives, he said leaders of the Group of Eight wealthy nations should be inspired by the setting ? the lush lakelands of County Fermanagh ? to deliver their own economic breakthrough.
"Ten or 20 years ago, a G-8 in Fermanagh would have been unimaginable. But today Northern Ireland is a very different place ... a symbol of hope to the world," Cameron said.
Obama, seizing on that theme, told a Belfast audience at the start of his visit that Northern Ireland's young generation must take the lead in building on the U.K. region's U.S.-brokered Good Friday peace accord of 1998. About 1,800 teenagers from Northern Ireland's predominantly segregated school system applauded his message with enthusiasm.
Obama endorsed a plan recently unveiled by Northern Ireland's unity government to tear down so-called "peace lines" ? security walls that separate British Protestant and Irish Catholic turf ? by 2023. He also offered veiled criticism of the local social consensus in favor of separate Catholic schools and state-run schools used chiefly by the Protestant majority, calling this part of the problem.
Rush-hour Belfast traffic was snarled as Obama and his family arrived in central Belfast for the speech.
Northern Ireland's police stepped up security dramatically Monday ahead of the leaders' arrival. Four-member units in body armor and armed with handguns and submachine guns parked armored cars on every intersection and side street in this rural market town of barely 15,000 residents.
Officers on foot patrol prodded hedgerows and the front gardens of brick rowhouses for potential explosive devices, but found nothing suspicious. Such precautions reflected the continued low-level activity of Irish Republican Army splinter groups that rejected the 2005 decision of most IRA members to formally abandon their campaign to force Northern Ireland into the Republic of Ireland.
More than 3,500 officers from Britain have been imported to double the security detail, and British Army engineers have helped to erect a daunting perimeter of steel fences and coiled razor wire for miles (kilometers) around the resort's lone road entrance.
Air space over much of Northern Ireland is being restricted to summit traffic for the duration of the summit, which concludes Tuesday. And the water around the resort's peninsula has been similarly closed to civilians, with police patrolling by boat, although the public is still free to fish from shore.
Northern Ireland's riot-savvy police are keeping massive mobile water-cannon vehicles in reserve, lest hard-left protesters make any serious bid to breach the security fence.
However the police commander of G-8 security, Assistant Chief Constable Alistair Finlay, says he expects peace to reign when socialist and anti-globalization protesters march Monday night from central Enniskillen to the fence.
Finlay said while officers had trained to manage crowds of more than 10,000 protesters, this was unlikely to materialize Monday, with just 2,000 expected and few anti-G-8 activists traveling from continental Europe for the occasion.
As the protesters march, G-8 leaders are due to hold a working dinner where foreign policy issues ? especially the increasingly opposed positions of the United States and Russia over Syria's civil war ? will be on the menu.
Obama was expected to hold a bilateral meeting with Russian President Vladimir Putin before that dinner. Obama last week announced that the United States would begin arming rebel groups trying to oust the Russian-backed government of Bashar al-Assad.
Cameron said he also hoped to achieve agreement that no G-8 member should pay ransoms to secure the release of hostages in North Africa, where western and Asian workers are top targets for kidnappers.
Source: http://news.yahoo.com/uks-cameron-rallies-world-leaders-nireland-052659289.html
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Sporadic clashes in Turkey as Erdogan asserts authority
By Ayla Jean Yackley
ISTANBUL (Reuters) - Sporadic clashes between police and protesters flared up in Istanbul overnight after a weekend in which Prime Minister Tayyip Erdogan sought to steal back the agenda, rallying his supporters and expelling demonstrators from an Istanbul park.
Two union federations called a nationwide strike for Monday over the forced eviction of protesters from Gezi Park, a leafy corner of Istanbul's central Taksim Square and the focus of two weeks of fierce anti-government demonstrations that have spread to other big cities.
Labour groups representing doctors, engineers and dentists said they too would take part.
Hundreds of thousands of Erdogan supporters gathered to hear the prime minister speak at an Istanbul parade ground on Sunday as riot police fired teargas a few kilometres away in the city center to disperse protesters.
A defiant Erdogan told a sea of flag-waving supporters that two weeks of unrest had been manipulated by "terrorists" and dismissed suggestions that he was behaving like a dictator, a constant refrain from those who have taken to the streets.
"They say 'you are too tough', they say 'dictator'. What kind of a dictator is this who met the Gezi Park occupiers and honest environmentalists? Is there such a dictator?" Erdogan said to roars of approval from the crowd.
He dismissed the demonstrations as "nothing more than the minority's attempt to dominate the majority ... We could not have allowed this and we will not allow it."
SKIRMISHES DOWN SIDE STREETS
Riot police backed by a helicopter, some in plain clothes and carrying batons, fired teargas and chased gangs of rock-throwing youths into side streets around Taksim late on Sunday, trying to prevent them from regrouping.
There were also disturbances in other parts of the city that had so far largely been spared the violence, including around the Galata bridge, which crosses to the historic Sultanahmet district, and the upmarket Nisantasi neighbourhood.
A small-scale environmental protest quickly spread into a much larger movement involving people from all walks of life who dislike what they say is Erdogan's domineering leadership style and his government's unnecessary meddling in people's lives.
The clashes pose no immediate threat to Erdogan's leadership, but they have tarnished Turkey's image as an oasis of stability on the fringes of the volatile Middle East, and presented him with the greatest challenge of his 10-year rule.
The blunt-talking prime minister has long been Turkey's most popular politician, overseeing a decade of unprecedented prosperity, and his AK Party has won an increasing share of the vote in three successive election victories.
Erdogan, who also addressed supporters of his ruling AK Party in Ankara on Saturday, said the rallies were to kick off campaigning for local elections next year and not related to the unrest, but they were widely seen as a show of strength.
The crowds who packed Istanbul's Kazlicesme festival ground, many of whom walked for kilometres, turned out to support a leader who they feel has been under siege.
"We are the silent majority, not the riff-raff who are trying to frighten us," said Ruveyda Alkan, 32, her head covered in a black veil and waving a red Turkish flag.
The two weeks of unrest have left four people dead and about 5,000 injured, according to the Turkish Medical Association.
(Additional reporting by Seda Sezer, Can Sezer, Asli Kandemir in Istanbul, Jonathon Burch and Humeyra Pamuk in Ankara; Writing by Nick Tattersall; Editing by Mike Collett-White)
Source: http://news.yahoo.com/turkish-riot-police-storm-istanbul-park-bid-end-005843796.html
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Court: 'pay to delay' generic drugs can be illegal
WASHINGTON (AP) ? The Supreme Court ruled Monday that deals between pharmaceutical corporations and their generic drug competitors, which government officials say keep cheaper forms of medicine off the market, can be sometimes be illegal and therefore challenged by federal officials in court.
The justices voted 5-3 to allow the government to inspect and challenge what it calls "pay-for-delay" deals or "reverse settlements."
"This court's precedents make clear that patent-related settlement agreements can sometimes violate anti-trust law," said Justice Stephen Breyer, who wrote the court's opinion.
Reverse settlements arise when generic companies file a challenge at the Food and Drug Administration to the patents that give brand-name drugs a 20-year monopoly. The generic drugmakers aim to prove the patent is flawed or otherwise invalid, so they can launch a generic version well before the patent ends.
Brand-name drugmakers then usually sue the generic companies, which sets up what could be years of expensive litigation. When the two sides aren't certain who will win, they often reach a compromise deal that allows the generic company to sell its cheaper copycat drug in a few years ? but years before the drug's patent would expire. Often, that settlement comes with a sizable payment from the brand-name company to the generic drugmaker.
Drugmakers say the settlements protect their interests but also benefit consumers by bringing inexpensive copycat medicines to market years earlier than they would arrive in any case generic drugmakers took to trial and lost. But federal officials counter that such deals add billions to the drug bills of American patients and taxpayers, compared with what would happen if the generic companies won the lawsuits and could begin marketing right away.
Chief Justice John Roberts, who wrote the dissent for himself and Justices Antonin Scalia and Clarence Thomas, said ordinarily the high court would say that any deal that would end costly and time-consuming litigation would be thought of as a good thing.
"The majority's rule will discourage settlement of patent litigation," Roberts said. "Simply put, there would be no incentive to settle if, immediately after setting, the parties would have to litigate the same issue ? the question of patent validity ? as part of a defense against an antitrust suit."
The Justice Department asked the court to rule that all reverse settlements were illegal, but Breyer said that was going too far. The deals' "complexities lead us to conclude that the FTC must prove its case," he said.
Justice Samuel Alito did not take part in the case.
The case is Federal Trade Commission vs. Actavis, Inc., 12-416.
___
Follow Jesse J. Holland on Twitter at http://www.twitter.com/jessejholland
Source: http://news.yahoo.com/court-pay-delay-generic-drugs-illegal-141756768.html
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Miss Connecticut wins Miss USA contest in Vegas
Miss Connecticut Erin Brady reacts after winning the Miss USA 2013 pageant, Sunday, June 16, 2013, in Las Vegas. (AP Photo/Jeff Bottari)
Miss Connecticut Erin Brady reacts after winning the Miss USA 2013 pageant, Sunday, June 16, 2013, in Las Vegas. (AP Photo/Jeff Bottari)
Miss Connecticut Erin Brady reacts after winning the Miss USA 2013 pageant, Sunday, June 16, 2013, in Las Vegas. (AP Photo/Jeff Bottari)
Miss Connecticut Erin Brady, center, reacts after winning the Miss USA 2013 pageant, Sunday, June 16, 2013, in Las Vegas. (AP Photo/Jeff Bottari)
Miss Connecticut Erin Brady reacts after winning the Miss USA 2013 pageant, Sunday, June 16, 2013, in Las Vegas. (AP Photo/Jeff Bottari)
Miss Connecticut, Erin Brady, de 26 a?os, gan? la competici?n de belleza Miss USA en Las Vegas, el domingo 16 de junio de 2013. En la foto, Brady durante su presentaci?n en el concurso. (AP Foto/Jeff Bottari)
LAS VEGAS (AP) ? A 25-year-old accountant from Connecticut with a secret glamorous side is the new Miss USA.
Erin Brady of South Glastonbury, Conn., won the beauty pageant Sunday night after strutting in a white sparkly gown and answering a question about the U.S. Supreme Court's decision upholding widespread DNA tests.
She beat out 51 other beauty queens every U.S. state and Washington D.C.at the Planet Hollywood casino on the Las Vegas Strip to take the title from outgoing champion Miss Maryland Nana Meriwether.
Asked if she agreed with the decision to swab the cheeks of arrestees, Brady said she did, since they had committed crimes after all.
As Brady was crowned, she could be seen mouthing "Oh my God, oh my God" with tears in her eyes.
As the stage emptied, the blonde woman spoke about her commitment to fighting drug and alcohol abuse, which have marked those close to her.
"I grew up in a family influenced by that and I think it's really important to help the children of families that are suffering from those problems," she told The Associated Press.
As Miss USA, Brady gets the crown and a New York apartment for one year. She is expected to spend her title reign on a nationwide speaking tour and raising breast and ovarian cancer awareness, the organization's official cause.
The Central Connecticut State University fiance major could not contain her excitement at the prospect of telling her bosses at Prudential Financial she wasn't coming in tomorrow. Or ever again.
Asked what she was looking forward to now that the competition is over, she described a routine that sounded not very different from her training regime: getting in her beauty sleep and hitting the gym.
Her father Francis said he always knew his math-oriented daughter was a glamour girl. She and her sisters used to strut around and pretend they were beauty queens.
"They would model around the pool," he said.
Her sister Audrey, 20, said with tears in her eyes that her grandmother would orchestrate the shows.
"She'd be like, 'prance around the pool like Miss America.'"
The family was taken by surprise when Brady announced that she would be entering the Miss Connecticut competition two years ago, but cheered her on.
"She just went up there on a whim, man. But it was like, 'Just go for it. There should be more people like you who are competing, where it's not all about the hair and the makeup, but personality too,'" Audrey said.
Fiancee Tony Capasso said it was her winning personality that propelled her to the crown. He said he advised her to compete without makeup.
Brady told The Associated Press she hopes that her background will help dispel the image held by some of the bimbo beauty queen.
"I think that now more than ever, they're accepting that we're all intelligent individuals and that it's really not a stereotype anymore," she said.
Unlike the rival Miss America pageant, Miss USA doesn't ask its queens to perform a talent or choose a charity mission.
Brady will represent the United States at the Miss Universe pageant in Moscow this winter.
Last year's Miss USA, Olivia Culpo, won that international crown, becoming the first Miss USA to ascend to Miss Universe in 16 years.
Brady said she is determined to pull of that feat for the U.S. again.
In the moments before she won, Brady held hands with first runner up Mary Margaret McCord, of Alabama. McCord could be seen saying, "I love you" in the moments before the winner was announced. Miss Illinois Stacie Juris was second runner up.
Two of the six judges' questions on Sunday touched on the controversial data-collection programs run by the National Security Agency brought to light earlier this month.
In both cases, the queens took an unconcerned attitude. Miss South Carolina said the former NSA contractor Edward Snowden who leaked the information should not be charged with treason. Miss Alabama said the programs did not bother her.
Brady also took a sanguine attitude in her answer about check swabs.
"If someone is being prosecuted and committed a crime, its should happen. There are so many crimes that if that's one step closer to stopping them, than we should be able to do so," she said.
___
Yvette Cruz contributed to this report.
Hannah Dreier can be reached at http://twitter.com/hannahdreier
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Saturday, June 8, 2013
This Week On The TC Gadgets Podcast: Form 1 3D Printer, WWDC, And WWDC
If you've got that summertime sadness, look no further than this week's TC Gadgets Podcast. In it, we discuss the new Form 1 printer which is meant to compete with the likes of MakerBot, as well as all the upcoming WWDC goodness from Apple, including a revamped iOS 7, the new iRadio, and even some new MacBooks? Maybe?Source: http://feedproxy.google.com/~r/Techcrunch/~3/AiNdrr1S4xI/
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Friday, June 7, 2013
Dhoni's investment not restricted to Rhiti Sports, documents reveal more links with its promoter
A couple of days after Headlines Today reported a conflict of interest involving Indian cricket captain Mahendra Singh Dhoni, it has now emerged that his equity does not just stop with Rhiti Sports Management, the company which manages him and three other fellow players Suresh Raina, Ravindra Jadeja and Pragyan Ojha.
Headlines Today has learnt that Captain Cool has invested heavily in other Rhiti group companies. Documents with Headlines Today reveal that Dhoni and the promoter of Rhiti Sports Management, Arun Pandey, pursue close and diverse business interests in areas ranging from motor sports to image licensing.
This intricate web certainly compromises Dhoni's position as the Team India captain. As per the documents, the Mahi-Pandey empire is spread across at least three other companies.
Rhiti MSD Alamode Private Limited, which is registered with the same address as the parent company - Rhiti Sports Management - deals with image licensing. Another company -- Sportsfit World Overseas -- is involved in the fast growing fitness sector. Yet another company - Rhiti MSD-n-Motorsports - as the name suggests, deals with motor sport, specifically, motorcycle racing which Dhoni himself is passionate about.
Headlines Today also accessed documents that reveal details of the shareholding pattern, linking Dhoni and his family to the four companies.
Out of Rhiti Sports Management's 2 lakh shares, Dhoni holds 30,000. Though Pandey says Dhoni no longer has any stake, he has given no evidence in support. Pandey holds the lion's share in the venture with two of his relatives having token stake.
Dhoni is the majority stakeholder in Rhiti MSD Alamode. Out of its 10,000 shares, Dhoni holds 6,400 while his wife Sakshi has a token number of 100 shares. Pandey and Rhiti Sports have the remaining stake in the company.
The web of Dhoni's business interests is complex. Alamode, the company in which he has majority stake, has in turn invested heavily in Sportsfit World Overseas Private Limited. It has bought 7,300 shares while the rest is owned by former Reebok India marketing chief Sajid Shamin.
This company deals with motor racing, an area very close to Dhoni's heart. And so, it is not surprising that Alamode invested heavily in Rhiti MSD-n-Motorsports. Alamode's board sanctioned a whopping Rs 2.25 crore to back MSD-n-Motorsports in July 2012.
Pandey might cry hoarse that Dhoni has no business interests in the Rhiti group of companies and hence there is no conflict of interest, but facts say something else. Pandey has given no evidence so far to back his claim that Dhoni has no business interest any more in Rhiti.
Even if one were to take Pandey's claim on face value, Dhoni's stakes in other Rhiti companies clearly compromise the Indian captain's position.
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