Stocks stall on tepid US economic growth

In this Tuesday, April 16, 2013, photo, Specialist Michael O'Mara, left, and trader Fred Demarco work on the floor of the New York Stock Exchange. World stock markets fell Friday April 26, 2013 after Japan faced an unwelcome drop in consumer prices. (AP Photo/Richard Drew)

In this Tuesday, April 16, 2013, photo, Specialist Michael O'Mara, left, and trader Fred Demarco work on the floor of the New York Stock Exchange. World stock markets fell Friday April 26, 2013 after Japan faced an unwelcome drop in consumer prices. (AP Photo/Richard Drew)

NEW YORK (AP) ? The stock market stalled Friday after the U.S. economy didn't grow as much as hoped and earnings from a handful of big companies failed to rev up investors.

The economy grew at a 2.5 percent annual rate in the first three months of the year, the government said. That was below the 3.1 percent forecast by economists.

The shortfall reinforced the perception that the economy is grinding, rather than charging, ahead. Investors have also been troubled by reports in the last month of weaker hiring, slower manufacturing and a drop in factory orders. Many economists see growth slowing to an annual rate of around 2 percent a year for the rest of the year.

U.S. government bonds, where investors seek safety, rose after the report.

"There are some concerns as we head into the summer," said JJ Kinahan, chief derivatives strategist for TD Ameritrade. "In the last three weeks, we've seen numbers that weren't exactly what you'd love to see."

Corporate earnings this week have also contained worrisome signs. Many companies missed revenue forecasts from financial analysts, even as they reported higher quarterly profits. For example, Goodyear Tire slipped 3.3 percent to $12.51 Friday after revenue fell short of analysts' estimates, hurt by lower global tire sales.

Of the companies that have reported earnings so far, 70 percent have exceeded Wall Street's expectations, compared with a 10-year average of 62 percent, according to S&P Capital IQ. But 43 percent have missed revenue estimates. Just over half of the companies in the S&P 500 have reported quarterly results.

The S&P 500 index dropped 2.92 points, or 0.2 percent, to close at 1,582.24.

The Dow rose 11.75 points, or 0.1 percent, to 14,712.55. The index got a big lift from Chevron. Profit for the U.S. oil company beat expectations of financial analysts in the first quarter, pushing shares up 1.3 percent to $120.04.

Three stocks fell for every two that rose on the New York Stock Exchange.

Both indexes were up for the week and remain slightly below their all-time highs reached April 11. The Dow index rose 1.1 percent this week while the S&P gained 1.7 percent.

The market has been bolstered by the Federal Reserve's easy money policy. The disappointing growth figure for the economy will ensure that the Fed sticks with its stimulus policy, providing support for stocks, said Peter Cardillo, chief market economist at Rockwell Global Capital.

"The economic data that we've been getting points to no early exit for the Fed's stimulus," Cardillo said.

The Nasdaq composite fell 10.72 points to 3,279.26, a decline of 0.3 percent. The index is 2.3 percent higher this week.

The tech-heavy index has lagged the Dow and the S&P 500 this year, but it led the way higher this week, boosted by Microsoft. The software giant, which makes up 5.3 percent of the Nasdaq, recorded its biggest weekly gain since January of last year ? up 6.8 percent. It reported earnings April 19 that beat Wall Street expectations. The company also began an aggressive push into the computer tablet market.

Apple, the largest stock in the Nasdaq, also had a good week. The stock rose 6.8 percent to $417.20, its best weekly gain since November, despite posting a decline in quarterly profit Tuesday. Apple accounts for 7.6 percent of the Nasdaq composite.

Among other big names investors focused on:

Amazon.com fell 7 percent to $254.81 after the company warned of a possible loss in the current quarter. The online retailer also reported lower income for the first quarter as it continued to spend heavily on rights to digital content.

Expedia fell 10 percent to $58.56 after the online travel company reported a quarterly loss.

Homebuilder D.R. Horton surged 8.7 percent to $26.66 after its income nearly tripled thanks to a continuing recovery the housing market. The results handily beat the forecasts of financial analysts who follow the company.

J.C. Penney jumped 12 percent to $17 after the billionaire financier George Soros disclosed that he had taken a 7.9 percent stake in the struggling company.

In government bond trading, the yield on the 10-year Treasury note slipped to its lowest rate of the year, 1.67 percent, from 1.71 percent the day before. The yield has fallen from 2.06 percent six weeks ago as traders move money into lower-risk investments.

The dollar weakened against the euro.

The European currency bought $1.3029 at the end of day, compared with $1.3002 the day before. The ISE dollar index, which measures the U.S. currency against a group of other world currencies including the Japanese yen and the euro, dropped 0.3 percent, to 82.48.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-04-26-Wall%20Street/id-934af8b9474346b08eebcdf7cf9fd194

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Utah Mormon bishop brandishes Samurai sword to defend neighbor

By Jennifer Dobner

SALT LAKE CITY (Reuters) - A Mormon bishop armed with a Samurai sword came to the defense of his neighbor on Tuesday in a Salt Lake City suburb by helping to chase away a man who had accosted the woman, police said.

The 37-year-old suspect, Grant Eggertsen, later turned himself in to authorities and was booked into jail on suspicion of robbery, burglary, trespassing and stalking, said local police spokesman Lieutenant Justin Hoyal.

The Samurai sword-wielding Mormon bishop, Kent Hendrix, 47, said his son alerted him on Tuesday morning that a woman neighbor was in trouble outside Hendrix's home in the Salt Lake City suburb of East Millcreek.

Eggertsen had approached the woman as she exited her home, Hoyal said. He grabbed her house keys and tried to get into the house, police said.

The woman ran away, screaming for help, and several neighbors responded to her plea, Hoyal said.

Hendrix, who teaches martial arts, grabbed the 29-inch (74-cm) carbon steel Samurai sword he keeps next to his bed and ran to the woman's aid. He said that when he came face to face with the suspect, the man stopped in his tracks.

"He was kind of taken aback to have this sword drawn on him and he jumped back," said Hendrix, who is a bishop in charge of his local Church of Jesus Christ of Latter-day Saints congregation.

"He said, 'I'm leaving,' and turned and ran, so I ran after him. I didn't want him to get away anonymously," Hendrix said.

The man then fled in his car, Hendrix said.

Hoyal confirmed that Hendrix used the Samurai sword to come to the defense of his neighbor.

Eggertsen and the woman, who has not been identified, had previously worked at the same company, Hoyal said. Their professional relationship had turned sour and the woman had obtained a protective order against the man, he said.

The woman suffered only minor injuries, Hoyal said.

Eggertsen was in jail on bail of $555 and could not be reached for comment. It was unclear if he has an attorney.

Hendrix called the incident an "interfaith effort" to apprehend the suspect, saying that Catholic and Protestant neighbors were also involved.

(Editing by Alex Dobuzinskis and Eric Beech)

Source: http://news.yahoo.com/utah-mormon-bishop-brandishes-samurai-sword-defend-neighbor-032432621.html

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Putin: Boston bombing shows West's mistake

MOSCOW (AP) ? The Boston bombings should spur stronger security cooperation between Moscow and Washington, Russian President Vladimir Putin said Thursday, adding that they also show that the West was wrong in supporting militants in Chechnya.

Putin said that "this tragedy should push us closer in fending off common threats, including terrorism, which is one of the biggest and most dangerous of them."

The two brothers accused of the Boston bombings are ethnic Chechens who had lived in the U.S. for more than a decade.

Putin warned against trying to find the roots for the Boston tragedy in the suffering endured by the Chechen people, particularly in mass deportations of Chechens to Siberia and Central Asia on Soviet dictator Josef Stalin's orders. "The cause isn't in their ethnicity or religion, it's in their extremist sentiments," he said.

Speaking in an annual call-in show on state television, Putin criticized the West for refusing to declare Chechen militants terrorists and for offering them political and financial assistance in the past.

"I always felt indignation when our Western partners and Western media were referring to terrorists who conducted brutal and bloody crimes on the territory of Russia as rebels," Putin said.

The U.S. has urged the Kremlin to seek a political settlement in Chechnya and criticized rights abuses by Russian troops during the two separatist wars since 1994, which spawned an Islamic insurgency that has engulfed the entire region.

It also provided humanitarian aid to the region during the high points of fighting there in the 1990s and the early 2000s.

Russian officials have repeatedly claimed that rebels in Chechnya have close links with al-Qaida. They say dozens of fighters from Arab countries trickled into the region during the fighting there, while some Chechen militants have gone to fight in Afghanistan.

Putin said the West should have cooperated more actively with Russia in combatting terror.

"We always have said that we shouldn't limit ourselves to declarations about terrorism being a common threat and engage in closer cooperation," he said. "Now these two criminals have proven the correctness of our thesis."

Source: http://news.yahoo.com/putin-boston-bombing-shows-wests-mistake-101701441.html

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Obama administration had advance warning on Fisker

WASHINGTON (AP) ? Newly released documents show that the Obama administration was warned as early as 2010 that electric car maker Fisker Automotive Inc. was not meeting milestones set up for a half-billion dollar government loan, nearly a year before U.S. officials froze the loan after questions were raised about the company's statements.

An Energy Department official said in a June 2010 email that Fisker's bid to draw on the federal loan may be jeopardized for failure to meet goals established by the Energy Department.

Despite that warning, Fisker continued to receive money until June 2011, when the DOE halted further funding. The agency did so after Fisker presented new information that called into question whether key milestones ? including launch of the company's signature, $100,000 Karma hybrid ? had been achieved, according to a credit report prepared by the Energy Department.

The December 2011 credit report said "DOE staff asked questions about the delays" in the launch of the Karma "and received varied and incomplete explanations," leading to the suspension of the loan. Fisker had received a total of $192 million of the $529 million loan before it was suspended.

In the June 2010 email, Sandra Claghorn, an official in DOE's loan program office, had written that Fisker "may be in limbo due to a lack of compliance with financial covenants" set up by the Energy Department to protect taxpayers in the event of default. Another document, from April 2010, listed milestones that Fisker had not yet met.

Aoife McCarthy, a spokeswoman for the Energy Department, said the June 2010 email was taken out of context.

"The document shows that one person at a meeting discussed the possibility that Fisker might not meet a financial commitment" required by the Energy Department, McCarthy said in an email late Tuesday. DOE received the needed certification five days later and subsequently made the loan payment, she said.

The Associated Press obtained the Fisker documents ahead of a House hearing scheduled for Wednesday on the federal loan to the troubled car maker, which has laid off three-fourths of its workers amid continuing financial and production problems.

The potential loss of $171 million would be largest loss of federal loan money since the 2011 failure of solar panel maker Solyndra, which declared bankruptcy and laid off all its workers after receiving a $528 million loan from the Energy Department.

The Energy Department seized $21 million from Fisker this month as it continued to seek repayment from the car maker for the 2009 loan. A payment from Fisker was due Monday, but was not made, a DOE official said.

Henrik Fisker, the company's namesake and founder, was scheduled to testify at Wednesday's hearing. Fisker, who was forced out as CEO as the company's troubles mounted, said in prepared testimony that he remained proud of the company's "cutting edge technology," which he said could "pave the way for a new generation of American car manufacturing."

Fisker disputed claims by some critics that the Anaheim, Calif.-based company needed the federal loan to survive. Fisker said a high-ranking Energy Department official approached him in 2008 and asked him to apply for the loan, which is intended to boost electric cars and other advanced vehicles.

"At that time, we already had significant financial backing from private investors," Fisker said in the prepared testimony. In all, the company received more than $1 billion in private financing, he said.

The company met initial milestones set up by the Energy Department before informing the department that it would not meet future goals on time, Fisker said. He denied that any political influence was used to obtain the loan or in negotiations over its terms.

"I am not aware and do not believe that any improper political influence was used in connection with the company's loan application or subsequent negotiations with the Department of Energy," Fisker said.

Vice President Joe Biden announced in late 2009 that Fisker would reopen a shuttered former General Motors factory in Wilmington, Del., to produce plug-in, electric hybrid vehicles. The plant was never completed and never produced any cars.

Fisker said the company was hurt badly by the 2008 recession and by the bankruptcy of A123 Systems, a Massachusetts company hired by Fisker to make batteries for the Karma. A bankruptcy judge granted Fisker $15 million in a claim against A123 for breach of warranty, a fraction of Fisker's initial claim.

Fisker has not built a vehicle since last summer and has failed to secure a buyer as its cash reserves have dwindled.

___

Follow Matthew Daly on Twitter: https://twitter.com/MatthewDalyWDC

Source: http://news.yahoo.com/obama-administration-had-advance-warning-fisker-062250966--finance.html

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Mild blast injury causes molecular changes in brain akin to Alzheimer

Apr. 24, 2013 ? A multicenter study led by scientists at the University of Pittsburgh School of Medicine shows that mild traumatic brain injury after blast exposure produces inflammation, oxidative stress and gene activation patterns akin to disorders of memory processing such as Alzheimer's disease.

Their findings were recently reported in the online version of the Journal of Neurotrauma.

Blast-induced traumatic brain injury (TBI) has become an important issue in combat casualty care, said senior investigator Patrick Kochanek, M.D., professor and vice chair of critical care medicine and director of the Safar Center for Resuscitation Research at Pitt. In many cases of mild TBI, MRI scans and other conventional imaging technology do not show overt damage to the brain.

"Our research reveals that despite the lack of a lot of obvious neuronal death, there is a lot of molecular madness going on in the brain after a blast exposure," Dr. Kochanek said. "Even subtle injuries resulted in significant alterations of brain chemistry."

The research team developed a rat model to examine whether mild blast exposure in a device called a shock tube caused any changes in the brain even if there was no indication of direct cell death, such as bleeding. Brain tissues of rats exposed to blast and to a sham procedure were tested two and 24 hours after the injury.

Gene activity patterns, which shifted over time, resembled patterns seen in neurodegenerative diseases, particularly Alzheimer's, Dr. Kochanek noted. Markers of inflammation and oxidative stress, which reflects disruptions of cell signaling, were elevated, but there was no indication of energy failure that would be seen with poor tissue oxygenation.

"It appears that although the neurons don't die after a mild injury, they do sustain damage," he said. "It remains to be seen what multiple exposures, meaning repeat concussions, do to the brain over the long term."

Co-authors include researchers from the Safar Center for Resuscitation Research and the University of Pittsburgh School of Medicine; University of California, San Diego; ORA Inc., of Fredericksburg, Va.; Walter Reed Army Institute of ResearchDyn-FX Consulting Ltd, Amherstburg, ON; Uniformed Services University of the Health Sciences, Bethesda, MD; and Integrated Services Group, Inc., Potomac, MD.

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The above story is reprinted from materials provided by University of Pittsburgh Schools of the Health Sciences.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.

---

Journal Reference:

1. Patrick M. Kochanek, C. Edward Dixon, David K. Shellington, Samuel S. Shin, Hulya Bayir, Edwin Jackson, Valerian Kagan, Hong Qu Yan, Peter V Swauger, Steven Parks, David V. Ritzel, Richard A Bauman, Robert Clark, Robert H. Garman, Faris Bandak, Geoffrey S.F. Ling, Larry W. Jenkins. Screening of Biochemical and Molecular Mechanisms of Secondary Injury and Repair in the Brain after Experimental Blast-Induced Traumatic Brain Injury in Rats. Journal of Neurotrauma, 2013; : 130317122119004 DOI: 10.1089/neu.2013.2862

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/jLqhtFJvKNU/130424103128.htm

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Use of anti-epileptic drug during pregnancy associated with increased risk of autism

Apr. 23, 2013 ? Maternal use of valproate (a drug used for the treatment of epilepsy and other neuropsychological disorders) during pregnancy was associated with a significantly increased risk of autism in offspring, according to a study in the April 24 issue of JAMA. The authors caution that these findings must be balanced against the treatment benefits for women who require valproate for epilepsy control.

"Anti-epileptic drug exposure during pregnancy has been associated with an increased risk for congenital malformations and delayed cognitive development in the offspring, but little is known about the risk of other serious neuropsychiatric disorders," according to background information in the article.

Jakob Christensen, Ph.D., of Aarhus University Hospital, Aarhus, Denmark, and colleagues evaluated the association between maternal use of valproate during pregnancy and the risk of autism spectrum disorder and childhood autism in offspring. The population-based study included all children born alive in Denmark from 1996 to 2006. National registers were used to identify children exposed to valproate during pregnancy and diagnosed with autism spectrum disorders (childhood autism [autistic disorder], Asperger syndrome, atypical autism, and other or unspecified pervasive developmental disorders). Data were analyzed and adjusted for potential confounders (factors that can influence outcomes) such as maternal age at conception, paternal age at conception, parental psychiatric history, gestational age, birth weight, sex, congenital malformations, and parity. Children were followed up from birth until the day of autism spectrum disorder diagnosis, death, emigration, or December 31, 2010, whichever came first.

The analysis included 655,615 children born from 1996 through 2006. The average age of the children at end of follow-up was 8.8 years. During the study period, 5,437 children were diagnosed with autism spectrum disorder, including 2,067 with childhood autism. The researchers identified 2,644 children exposed to antiepileptic drugs during pregnancy, including 508 exposed to valproate. The authors found that use of valproate during pregnancy was associated with an absolute risk of 4.42 percent for autism spectrum disorder and an absolute risk of 2.50 percent for childhood autism.

"In this population-based cohort study, children of women who used valproate during pregnancy had a higher risk of autism spectrum disorder and childhood autism compared with children of women who did not use valproate. Their risks were also higher than those for children of women who were previous users of valproate but who stopped before their pregnancy," the researchers write.

"Because autism spectrum disorders are serious conditions with lifelong implications for affected children and their families, even a moderate increase in risk may have major health importance. Still, the absolute risk of autism spectrum disorder was less than 5 percent, which is important to take into account when counseling women about the use of valproate in pregnancy."

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The above story is reprinted from materials provided by The JAMA Network Journals.

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Journal Reference:

1. Jakob Christensen et al. Anti-Epileptic Drug During Pregnancy Associated With Increased Risk of Autism. JAMA, April 23, 2013

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/w-OeQJ8eV_c/130423161855.htm

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PFT: Chiefs, Dolphins reportedly still talking Albert

Getty Images

As this year?s crop of incoming players, especially those taken in the first two rounds, celebrate their new circumstances, they need to keep one thing in mind.

Several months from now, there?s a chance they will think those circumstances stink.

Rams running back Isaiah Pead fell right into that category last season, despite being the 50th overall pick in the 2012 draft.? Presumed to be the heir apparent to Steven Jackson, Pead became largely forgotten last year, sliding behind seventh-rounder Daryl Richardson.

?Honestly, I would call it miserable,? Pead said of his rookie season, via the University of Cincinnati official website. ?Miserable life.? Miserable four-five months.?

When the season finally ended, Pead packed up and left.

?I took off and I didn?t come back until it was time to,? Pead said.? ?I just wanted to stay out of this area, I came back for a couple days to pack up then all the memories and walking back into my house by myself, had a couple days by myself, I just needed to get out of that area.?

Pead is partially responsible for his misery.? He didn?t deal well with being demoted behind a guy taken 202 spots later, showing up late for a pair of meetings.

?I was literally fed up with football,? Pead said.? ?Not a quitter, not quitting, I was just tired of football.? Tired of practice for the day and I would just lay there play video games and whatnot because it was so miserable, so stressful.?

With a fresh opportunity coming from the departure of Jackson, Pead is ready to turn the page.

?Whole new era, whole new attitude, whole new team, whole new Pead,? Pead said. ??I?m not going to sit and linger on something, but I am one to not forget about a situation.? I am moving on from last year, last year is last year, but I have not forgot about last year.? I wouldn?t call it revenge, but the chip that I put on my shoulder is just a little bigger.?

He needs to perform more than a little better to erase the head start that Richardson earned in 2012.? While Pead finished with 10 carries for 54 yards, Richardson had 98 carries for 475 yards.

Pead also needs to hope the Rams don?t use one of their high draft picks on a rookie who?ll get a chance to in 2013 that which Pead couldn?t in 2012.

Source: http://profootballtalk.nbcsports.com/2013/04/24/report-dolphins-chiefs-resume-dialogue-about-branden-albert/related/

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On Earth Day 2013: 13 excellent books to consume

Environmentalists are sometimes seen as modern-day apocalyptic prophets ? a group of seers doing their best to wake the rest of us up before it's too late.

The environmental movement started out with transcendentalism and conservationism and efforts to protect natural sites. Nowadays, however, many environmentalists tend to focus on the food industry and modern consumerism ? areas that are closer to home for the average reader. To celebrate Earth Day, here are 13 classic environmental titles to help reconnect you with nature.

- Ben Frederick,?Contributor

1. "Silent Spring," by Rachel Carson

Let's start at the very beginning, a very good place to start. Rachel Carson's book about the effect of DDT and pesticides on the environment sparked the modern environmental movement. Even without the historical context, it's still a fantastic read and surprisingly relevant. First published in 1967, it put Carson on the list of Time's 100 most influential people of the century list.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/2Hdd0Ly1EsY/On-Earth-Day-2013-13-excellent-books-to-consume

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Stocks recover slightly, ending tough week

NEW YORK (AP) ? Strong earnings from a pair of technology giants helped the stock market recover some of its losses Friday, a positive end to Wall Street's worst week in five months.

Microsoft and Google both beat earnings expectations, yields of government bonds ticked up and copper ? a key industrial metal ? continued its fall, losing 2 percent.

Microsoft gained 3 percent to $29.77, leading the Dow Jones industrial average higher. The software giant reported earnings late Thursday that beat analysts' forecasts and showed solid results from its Office, software tools and Xbox divisions.

Google's stock climbed 3 percent to $799.87. The leader in Internet search boosted prices for ads distributed to smartphones and tablet computers.

The Standard & Poor's 500 index rose 13.64 points to 1,555.25, an increase of 0.9 percent. The Dow rose 10.37 points to 14,547.51, a gain of 0.1 percent. The Dow spent most of the day down, pulled lower by disappointing results from IBM.

Traders, like everyone else, were following the news out of Boston, where police were hunting for one of two brothers suspected to be behind Monday's Boston Marathon bombings. One brother was killed in a gun battle with police overnight. But the news had no impact on markets, traders said.

Friday's slight gains couldn't overcome a tough week for the market, when both the S&P 500 and the Dow lost 2.1 percent. That's their biggest weekly drop since last November.

"Compared to the rest of the week, it looks like we're going to slide into the weekend on a quiet note," said Jim Baird, Partner and Chief Investment Officer for Plante Moran Financial Advisors

By many measures, the financial markets have endured a rough five days. News that economic growth had slowed in China set off a plunge in commodity prices on Monday, leading the stock market to its worst day of the year. Gold dropped below $1,400 an ounce for the first time in two years.

The stock market bounced back the next day, then fell again on Wednesday, its third worst day this year.

Most big corporations have managed to beat analysts' low expectations for first-quarter profits. Of the 104 companies that turned in results through Friday morning, 70 have trumped forecasts, according to S&P Capital IQ.

Analysts estimate that earnings for companies in the S&P 500 inched up just 2 percent over the previous year, a slowdown from the 7.7 percent rise in the fourth quarter of 2012.

Next week marks another big week for earnings as 10 members of the Dow and 181 companies in the S&P 500 report results.

On Friday, IBM fell 8 percent to an even $190. Quarterly earnings for the country's largest provider of computer services fell short of forecasts for the first time since 2005. IBM said delays in closing several large software and mainframe computer deals hindered sales.

Chipotle Mexican Grill surged 12 percent to $366.25, the best gain in the S&P 500. Chipotle's results easily topped Wall Street expectations late Thursday as the burrito-maker said new restaurants drove sales higher.

The Nasdaq composite index gained 39.69 points to 3,206.06, up 1.3 percent.

In the market for U.S. government bonds, Treasury prices slipped, nudging yields up from their lowest levels of the year. The yield on the 10-year Treasury note inched up to 1.70 percent from 1.68 percent late Thursday.

Traders cautiously returned to buying certain key commodities on Friday, including gold and oil, after big sell-offs earlier this week. But copper continued its fall, losing 2 percent to $3.16 per pound.

Rex Macey, the chief investment officer at the Wilmington Trust Investment Advisors, said markets are bound to encounter turbulence as long as the economy continues to advance at a slow pace. Forecasts say the U.S. economy will expand 2 percent this year. In practice, Macey said, that means there will be times when the economy looks ready to stall and others when it looks ready to steam ahead.

"You'll hear that Europe's in trouble again and we'll get a pullback in the market," Macey said. "Then you'll go through periods when we're off to the races again. I say, 'Get used to it.'"

Even after a rough week, Macey and others said the basic storyline for investors hasn't changed. The economy and corporate profits are still headed in the right direction. And as long as that's true, the stock market will follow their lead.

"We're going to have a stronger 2013 than 2012," said Joseph Tanious, the global market strategist at J.P. Morgan Funds. "But the recovery is going to be much more bumpy than people thought."

Among other companies making big moves:

? SeaWorld Entertainment soared in its first day of trading as a public company. The theme park operator raised $702 million in its initial public offering, with the bulk of the money going to the Blackstone Group, the private equity firm that still controls the company. SeaWorld's stock jumped 24 percent to $33.52, up from its IPO price of $27.

? Dell sank 4 percent to $13.40 following news that the Blackstone Group withdrew its bid to buy the computer maker. That left Dell with two remaining bidders: a group led by Michael Dell, the company's founder and CEO, and Carl Icahn, the well-known investor.

Source: http://news.yahoo.com/stocks-recover-slightly-ending-tough-week-211911846--finance.html

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Family says accused ricin mailer is mentally ill

OXFORD, Miss. (AP) ? The stories from family and acquaintances of a Mississippi man charged with sending ricin-laced letters to the president and other officials describe a caring father and enthusiastic musician who struggled with mental illness and pursued a conspiracy theory to its farthest reaches.

Paul Kevin Curtis, 45, wrote numerous Web posts over the past several years describing the event he said "changed my life forever": the chance discovery of body parts and organs wrapped in plastic in small refrigerator at a hospital where he worked as a janitor more than a decade ago.

He tried to talk to officials about and publicize what he claimed was an elaborate conspiracy theory to sell body parts on the black markets, but he thought he was being railroaded by the government. Authorities say the efforts culminated in letters sent to President Barack Obama, a U.S. senator and a judge in Mississippi. "Maybe I have your attention now even if that means someone must die," the letters read, according to an FBI affidavit.

"He is bipolar, and the only thing I can say is he wasn't on his medicine," his ex-wife, Laura Curtis, told The Associated Press.

Jim Waide, an attorney for the Curtis family, said Paul Kevin Curtis was prescribed medication three years ago. "When he is on his medication, he is terrific, he's nice, he's functional," Waide said. "When he's off his medication, that's when there's a problem."

Curtis' brother, Jack Curtis, issued a statement Thursday evening saying his brother's mental problems cause him to believe he does not require medical treatment. The statement said that Paul Kevin Curtis refuses to take his medication, and that the family has been told there is no legal way to force him to do so.

Waide represented Curtis in a lawsuit he filed in August 2000 against North Mississippi Medical Center in Tupelo, where he had worked from 1998 until he was fired in 2000. Waide said he withdrew from the case because Curtis didn't trust him. The suit, claiming employment discrimination, was dismissed.

"He thought I was conspiring against him," Waide said. "He thinks everybody is out to get him."

Curtis made a brief court appearance Thursday, wearing shackles and a Johnny Cash T-shirt. Attorney Christi R. McCoy said he "maintains 100 percent" that he is innocent. He did not enter pleas to the two federal charges against him. He was due back in court Friday afternoon.

In several letters to U.S. Sen. Roger Wicker, a Mississippi Republican, and other officials, Curtis said he was writing a novel about black-market body parts called "Missing Pieces."

Curtis also posted similar language on his Facebook page. The documents indicate Curtis had been distrustful of the government for years. In 2007, Curtis' ex-wife called police to report that her husband was extremely delusional and felt the government was spying on him with drones.

Laura Curtis said she doesn't believe the allegations against him. "He just likes to speak out."

"What they say he did is so unlike him, it's unreal," she added. "Until I hear him say he did it, I would not ... I could not believe it."

During their 10-year marriage, the couple lived in Booneville in north Mississippi. Laura Curtis said she moved to a house next door after the split. Her ex-husband moved to Birmingham, Ala., but eventually back to Mississippi, most recently the small town of Corinth, where he was arrested Wednesday. Laura Curtis said he would visit their four children ? ages, 8, 16, 18 and 20 ? almost every day. He recently bought his youngest child a bicycle.

Others said Curtis' behavior was often erratic.

Tupelo attorney David Daniels said Curtis was in a show he helped organize about 10 years ago. Daniels said he was sitting in his vehicle one night after rehearsal when Curtis walked up.

"He started beating on the windows and screaming and hollering," Daniels said. "I thought he was kidding, but he was serious. He was throwing a fit like I've never seen a grown man throw before."

Daniels said Curtis was holding a beer bottle and threatening him with it. Daniels said he pointed the pistol he kept in his car: "I told him, 'If you try to hit me with that bottle, Kevin, I'm going to shoot you.'"

But he said Curtis stayed by the vehicle for as long as 15 minutes. "He was screaming and ranting and raving about body parts being sold," Daniels said.

Daniels eventually filed simple assault charges and he said the judge who handled the case was Sadie Holland ? one of the three people who received a letter suspected of containing ricin, according to authorities. Records show she sentenced Curtis to six months in the county jail.

Daniels was an assistant district attorney at the time. "He launched a smear campaign against me, saying I attacked him and tried to shoot him," Daniels said.

"It made my life miserable for almost two years, having to deal with this guy," he said.

On Thursday, North Mississippi Medical Center confirmed Curtis' employment and said in a statement he was not terminated in response to allegations about the facility.

Under the name Kevin Curtis, multiple online posts describe the conspiracy Curtis claimed to uncover when working there. The posts say the conspiracy began when he "discovered a refrigerator full of dismembered body parts & organs wrapped in plastic in the morgue of the largest non-metropolitan health care organization in the United States of America."

The hospital's statement says it works with an agency that specializes in harvesting organs and tissue from donors, and then immediately transports those organs for donation. The hospital says it does not receive payment for the donated organs.

In one post, Curtis said he sent letters to Wicker and other politicians.

"I never heard a word from anyone. I even ran into Roger Wicker several different times while performing at special banquets and fundraisers in northeast, Mississippi but he seemed very nervous while speaking with me and would make a fast exit to the door when I engaged in conversation ... "

Wicker said Thursday in Washington that he had met Curtis when he was working as Elvis at a party Wicker and his wife helped throw for an engaged couple about 10 years ago.

Wicker called him "quite entertaining" but said: "My impression is that since that time he's had mental issues and perhaps is not as stable as he was back then."

Early Thursday evening, the FBI said lab tests confirmed the presence of ricin in the letters mailed to Obama and Wicker.

At least a dozen armed officers wearing gas masks and hazardous-material suits went into Curtis' home Thursday evening in Corinth. There was no immediate word on what they found inside. No neighbors have been evacuated.

Raymond Zilinskas, a chemical and biological weapons expert at the James Martin Center for Nonproliferation Studies in California, called the process to make ricin elaborate. He said it would not be difficult to create a low-concentration version using instructions from the Internet, but a finer and more concentrated version would require laboratory equipment and expertise.

Laura Curtis said she doesn't think her ex-husband has the knowledge required to make ricin. She said he collects a monthly disability check and she did not know where he would get ricin.

She said she cried when she heard about the arrest.

"It's more sinking in today, because you see the longer picture," Curtis said. "It's just me and the kids."

___

Associated Press Photographer Rogelio Solis in Corinth; writers Emily Wagster Pettus in Jackson; and Eric Tucker and Jessica Gresko in Washington contributed to this report.

Source: http://news.yahoo.com/family-says-accused-ricin-mailer-mentally-ill-082405406.html

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The Basic Steps For The Best Home Based Business

The Internet could be a very efficient way to market your business to your target audience. You can find out what you need to know about a strong Internet strategy for your business in the article below. Just use these ideas to harness the power of online marketing.

You should invest time to learn how to design websites. You can look up a lot of information online about learning HTML, CSS or other things that go into web design. Set aside half an hour a day, and you will soon be ready to tackle the design.

Your affiliate marketing should create further internet marketing. It does sound unorthodox, but the idea is such that you want to create a pattern of customers finding your business, purchasing something and repeating the cycle.

Most every cellular carrier will let you use your device for a dedicated business number, as well as your personal one. So get a dedicated number for your best home based business.

It can be hard to know how to go about the content on your site. Analyze your primary interests and what really makes you tick before deciding which one to focus on. Your chosen niche should be one that you are knowledgeable in and will take pleasure in pursuing. Marketing your website will be easier when you have a definite goal.

Make a plan for your site and stick to the plan. Decide which article directory you wish to write for, and choose the type of articles you will create. Depending on the particular directory in question, you may have to write articles that have a particular length or use a certain tone of voice. Keep a list of the various guidelines, like work from home no scams, that you can refer to before writing.

Offer at least one free service for your customers. Offering something free will give folks incentive to visit your site. For example, if you have a financial website, consider providing a tax return calculator.

As part of your website marketing strategy, you should include some type of money back guarantee. This helps give your customers security and shows that you stand by the quality of your product. Assuming the risks and giving your costumers a level of security will build your trust level with them.

Consider giving people different options on your site and once a week promote your products for wholesale price to give you some extra profits. You should still be making a profit on wholesale items you sell but this is a great way to increase the amount of product you sell.

You may want to offer incentives to your customers, to encourage them to order products faster. Some ways to do this include offering free or speedier shipping. You could offer free shipping to anyone who buys your product within 24 hours. This is just one of the many great ways you can find to entice visitors into becoming customers.

Do not give up on things that were not initially successful. Your idea that failed to catch on in the past, may work now. The Internet is a place that changes constantly and people find new uses for it regularly. Do not invest your time and capital in ideas that did not work, but save them for later use.

It is important to research how people feel about your product or brand, specifically if you are promoting an online event or sale. When you have launched an event online, initiative or promotion, look on blogs, forums and other sites to get feedback on how your visitors have responded. You can grow your customer?s respect for your business if you use some of their ideas in the future.

Perform searches for online conversations and comments regarding your company?s brand, then incorporate the information you?ve learned into new strategies for your online marketing campaigns. This will enable you to connect more deeply with people by using terms they are familiar and comfortable with. You?ll be surprised at how much better your connection is with your target audience when you mirror their language.

Good leads are the key to good sales generation. Real-time leads are more valuable than other types of leads because if they are searching for products in your niche, they are likely in a buying mood. Once they fill out the information form, you have instant access to their information.

Get people excited about your product. Emphasize on the benefits that your product will provide to your visitors. Point out what accomplishments they can achieve when they buy your product. If you exude confidence in your customers, they will pick up on that.

People will relate to your product more if you utilize emotional descriptions within your advertisements. An emotional connection with your product gives it an identity and contributes to its appeal. Using words like ?protection? or ?relief? will make a customer feel a sense of security from your product and a desire to purchase it.

The Internet can be very useful when marketing. It might seem hard, but it can be done. A good website and increased visibility will bring more traffic to your site and increase your sales.

Tagged as: best home based business, best home based internet businesses, home based business franchise, home based internet businesses, make money from home blog, work from home no scam

Source: http://liveamericandreamnow.com/?p=7072

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FAA approves Boeing 787 battery fix, gives the green light for repairs

There's been a few weeks of silence following the Boeing 787's successful battery testing, but the FAA has finally weighed in on the proposed design tweaks. Today the organization approved Boeing's battery fix, which means the aircraft maker can take the next step in returning the fleet of 50 Dreamliners to the air. The real action will come next week, when the FAA will issue instructions for making changes to the 787s and -- according to an official statement -- "publish in the Federal Register the final directive that will allow the 787 to return to service." Airlines operating the Dreamliner -- including United and ANA -- will be required to install containment and venting systems for the batteries in addition to replacing the batteries with the new, modified components.

Developing...

Filed under: Transportation

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Via: Reuters

Source: FAA

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Quantum computing taps nucleus of single atom

Apr. 17, 2013 ? A team of Australian engineers at the University of New South Wales (UNSW) has demonstrated a quantum bit based on the nucleus of a single atom in silicon, promising dramatic improvements for data processing in ultra-powerful quantum computers of the future.

Quantum bits, or qubits, are the building blocks of quantum computers, which will offer enormous advantages for searching expansive databases, cracking modern encryption, and modelling atomic-scale systems such as biological molecules and drugs.

The world-first result, to be published in Nature on April 18, brings these machines one-step closer, describing how information was stored and retrieved using the magnetic spin of a nucleus.

"We have adapted magnetic resonance technology, commonly known for its application in chemical analysis and MRI scans, to control and read-out the nuclear spin of a single atom in real time," says Associate Professor Andrea Morello from the School of Electrical Engineering and Telecommunications at UNSW.

The nucleus of a phosphorus atom is an extremely weak magnet, which can point along two natural directions, either "up" or "down." In the strange quantum world, the magnet can exist in both states simultaneously -- a feature known as quantum superposition.

The natural positions are equivalent to the "zero" and "one" of a binary code, as used in existing classical computers. In this experiment, the researchers controlled the direction of the nucleus, in effect "writing" a value onto its spin, and then "reading" the value out -- turning the nucleus into a functioning qubit.

"We achieved a read-out fidelity of 99.8 per cent, which sets a new benchmark for qubit accuracy in solid-state devices," says UNSW Scientia Professor Andrew Dzurak, who is also Director of the Australian National Fabrication Facility at UNSW, where the devices were made.

The accuracy of the UNSW team's nuclear spin qubit rivals what many consider to be today's best quantum bit -- a single atom in an electromagnetic trap inside a vacuum chamber. The development of this "Ion Trap" technology was awarded the 2012 Nobel Prize in physics.

"Our nuclear spin qubit operates at a similar level of accuracy, but it's not in a vacuum chamber -- it's in a silicon chip that can be wired up and operated electrically like normal integrated circuits," says Morello. "Silicon is the dominant material in the microelectronics industry, which means our qubit is more compatible with existing industry technology and is more easily scaleable."

Morello's PhD student Jarryd Pla is the lead experimental author of the work, which was conducted in collaboration with the groups led by Dzurak and Professor David Jamieson at the University of Melbourne. Morello, Dzurak and Jamieson are all Program Managers in the ARC Centre of Excellence for Quantum Computation and Communication Technology.

In September 2012, the same UNSW team reported in Nature the first functional quantum bit based on an electron bound to a phosphorus atom embedded in silicon, "writing" information onto its spin and then "reading" the spin state back out.

With their latest result, the team has dug even deeper into the atomic structure to manipulate and measure the spin of its nucleus. This is the core of an atom, containing most of its mass, but its diameter is only about one-millionth that of the atom's diameter.

"This means it's more challenging to measure, but it's almost completely immune to disturbances from the outside world, which makes it an exceptional quantum bit," says UNSW engineering PhD student Jarryd Pla. "Our nuclear spin qubit can store information for longer times and with greater accuracy. This will greatly enhance our ability to carry out complex quantum calculations once we put many of these qubits together."

Electron spin qubits will likely act as the main "processor" bits for quantum computers of the future, coupled with other electrons to perform calculations. But nuclear spin qubits could also be integrated and could provide a useful memory function or help implement two-bit logic gates between the electronic qubits, the researchers say.

Demonstrating quantum memories and two-qubit logic gates is the main focus of the UNSW team for the near future. They are also exploring ways of improving the accuracy of their nuclear and electron spin qubits even further, by moving to a purer form of silicon.

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Story Source:

The above story is reprinted from materials provided by University of New South Wales, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.

---

Journal Reference:

1. Jarryd J. Pla, Kuan Y. Tan, Juan P. Dehollain, Wee H. Lim, John J. L. Morton, Floris A. Zwanenburg, David N. Jamieson, Andrew S. Dzurak, Andrea Morello. High-fidelity readout and control of a nuclear spin qubit in silicon. Nature, 2013; 496 (7445): 334 DOI: 10.1038/nature12011

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/matter_energy/electronics/~3/gWR2uVkiG1o/130417131807.htm

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Orange brings Libon to Android, adds picture messaging to iOS version

As it promised back in November, Libon is crossing the smartphone rubicon and launching on Android, starting today. The Orange-backed WhatsApp and Viber rival brings free calls, messaging and visual voicemail to any handset running Froyo and above. And though iOS users have already had this app, they aren't being left off this round of news: the company has added free picture and audio messaging to the iPhone version, as well as push-to-talk functionality. Head on down to your respective app stores to get at the goodies.

Filed under: Cellphones, Mobile, Apple, Google

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Source: Google Play

Source: http://www.engadget.com/2013/04/15/libon-for-android/

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Feds in NY: Russian mob ran celebrity poker games

NEW YORK (AP) ? Nearly three dozen people were charged on Tuesday in what investigators said was a Russian organized crime operation that included illegal, high-stakes poker games for the rich and famous and threats of violence to make sure customers paid their debts.

Federal authorities in New York City weren't naming names but said the poker players included pro athletes, Hollywood celebrities and Wall Street executives. None of them were charged.

The money-laundering investigation led to arrests Tuesday in New York, Los Angeles, Miami and elsewhere around the country. There also were FBI raids at a $6 million apartment in Trump Tower on Fifth Avenue and a prestigious Madison Avenue art gallery owned by two of the defendants.

George Venizelos, head of the New York FBI office, said the charges against 34 individuals "demonstrate the scope and reach of Russian organized crime."

He added: "The defendants are alleged to have handled untold millions in illegal wagers placed by millionaires and billionaires, laundered millions, and in some cases are themselves multimillionaires. Crime pays only until you are arrested and prosecuted."

New York Police Commissioner Raymond W. Kelly said proceeds from the high-stakes illegal poker games and online gambling were allegedly funneled to organized crime overseas.

Among those named in an indictment filed in federal court was a wealthy Russian fugitive, Alimzhan Tokhtakhounov. He was already under indictment in a separate U.S. case accusing him of bribing Olympic figure skating judges at the 2002 Winter Olympics in Salt Lake City.

In a two-month period beginning in late 2011, the money-laundering ring paid Tokhtakhounov $20 million in illegal proceeds, the indictment said.

Along with the illegal poker games, the ring operated "an international gambling business that catered to oligarchs residing in the former Soviet Union and throughout the world," the indictment said.

Prosecutors alleged proceeds were laundered through shell companies in Cyprus and in the United States by a criminal enterprise with strong ties to Russia and Ukraine.

Assistant U.S. Attorney Harris Fischman told a U.S. magistrate judge in Manhattan that Vadim Trincher, 52, directed much of the international racketeering enterprise from his $5 million apartment at Trump Tower.

"From his apartment he oversaw what must have been the world's largest sports book," Fischman said in a successful argument to have Trincher held for trial without bail. "He catered to millionaires and billionaires."

Trincher's apartment is located directly below one owned by Donald Trump, authorities said.

Fischman said FBI agents found $75,000 in cash and $2 million in chips from a Las Vegas casino in Trincher's apartment after he was arrested at 6 a.m. He appeared in court in a white t-shirt and jeans.

Fischman said the government had a strong case against Trincher in part because of recorded conversations between Trincher and his customers captured for several months through a court-approved wiretap.

On one of those calls, Trincher could be heard warning a customer who owed money that "he should be careful, lest he be tortured or found underground," Fischman said. He said the government was in the process of seizing Trincher's apartment.

Trincher's attorney, Michael Fineman, said his client was denying the allegations. He said he had lived in the United States since 1989 and in New York City for nearly a decade and also owned property in Las Vegas. He said he earned money through legal gambling, though Fischman countered that the government could only find one instance in which Trincher won $1 million at a legal poker tournament.

Hillel Nahmad was expected to surrender in Los Angeles, authorities said. Earlier in the day, agents in New York raided the Helly Nahmad art gallery in a Madison Avenue hotel. Among charges against him, Nahmad is accused of conspiring to commit wire fraud in connection with the sale of a painting worth about $250,000. It was not immediately known who will represent him in court.

___

Associated Press Writer Larry Neumeister contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-04-16-Russian%20Mob-Poker%20Games/id-15255c566e29483f8c0cf20466884e18

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Kid Throws Back Foul Ball, Cries After Realizing Mistake

Source: http://www.thehollywoodgossip.com/2013/04/kid-throws-back-foul-ball-cries-after-realizing-mistake/

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Sydney Limousine hire for all special occasions | J C Limousines in ...

Hiring a limo for special occasions has become a trend these days. Seeing the craze many limo companies in Sydney now offer affordable limo services for all events so that everybody can experience to travel in luxury and grandeur.

Cheap limo hire Sydney is available for:

Airport transfers: When traveling for business or leisure; the one thing that bothers all of us is how to reach the airport timely. Peak rush hours, jam packed roads?. Seeing this all reliable Sydney airport Limousine becomes need of an hour.

Corporate travels: When traveling to meeting venues, conferences or seminars; one needs services that can put positive impression on the clients. Corporate Limo services help you vow your clients by offering you with the best services in the area. Uniformed and well mannered chauffeurs, luxury limousines, timely services?. These all strives to make your meeting a success.

Wedding Limousine: Wedding is the most special day in one?s life. This big day needs to be celebrated in a huge manner. Book a Wedding limo to surprise your bride. Soft music, champagne, cake, red carpet, flowers?? all will be arranged to make your wedding an unforgettable memory for you and your guest.

Concerts and sporting events: When planning to go for a concert or a sporting event; nothing can be better than hiring a limo that can comfortably pick and drop you and your group to and from the venue. Stay away from the parking and traffic hassles and be ready to cheer your favourite team or singer.

To book a limo for any of these events; search for Sydney Limos online or else you can find their contact numbers in the local directories. In the online directories you can also read about the company reviews and can also have the other important information.

Make a list of the companies you think are fitting your requirements and then enquire about their packages. Talk to their customer representative and clear all your queries. Select the fleet according to the number of people traveling with you and luggage if any. Also ask them about their license, insurance and registration status. If satisfied book one and give them all proper pick up and drop details.

Sydney Limousine Hire

When in Sydney; you can hire limos with JC Limousines. They offer corporate limo service for all events including weddings, corporate services, airport transfers and fun leisure. Their fleets include Maserati Quattroporate, Stretch Hummers, Stretch Chrysler, Stretch Ford LTD, Stretch Dodge Nitro, Mercedes S Class, BMW 7 series and Audi Q8.

Source: http://www.jclimousines.com.au/blog/?p=204

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Apps of the Week: The Masters Golf Tournament, Impetus Interval Timer, OfficeSuite Pro 7 and more!

It's that time of the week where each of the Android Central writers chimes in with an app that they've been using on their own devices. Every post seems to have a good bit of variety, and this week follows along on that trend. We've got a very topical app for the golf lovers out there, a couple of great tools and a few games to keep you busy through the week.

Stick around after the break to see how this week's picks stack up -- you may just find a few apps that you'll want to install for yourself.

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Source: http://feedproxy.google.com/~r/androidcentral/~3/AtulWcTLO3g/story01.htm

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CA-BUSINESS Summary

TSX falls sharply as gold leads broad selloff

TORONTO (Reuters) - Canada's main stock index fell more than 1 percent on Friday, as weak U.S. economic data dulled hopes for the Canada's export sector, while a sharp drop in gold prices pulled mining stocks to multi-year lows. The mining-heavy TSX materials sector dropped 4.21 percent to its lowest level since 2009, fueled by a 4 percent drop in gold prices and sliding copper, while weak oil prices yanked energy stocks down by 1.95 percent.

FAA sees lessons from Boeing 787 battery woes

NEW YORK/COLORADO SPRINGS, Colorado (Reuters) - U.S. regulators are discussing whether the batteries that burned on Boeing Co's 787 Dreamliner hold any lessons for other aircraft or vehicles. George Nield, associate administrator for commercial space transportation at the Federal Aviation Administration, said a dialogue is taking place about whether the overheating of two lithium-ion batteries on the 787 could have broader implications.

Exclusive: G20 to consider cutting debt to well below 90 percent/GDP: document

DUBLIN (Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed. The proposal, prepared by the co-chairs of the G20 Working Group on the Framework for Growth, follows agreement of the leaders of G20 countries in June last year to set ambitious debt reduction targets beyond 2016, when, under an earlier agreement from Toronto in 2010, debt was to stop growing.

Troika concludes Greek bailout review, next aid tranche soon: source

DUBLIN/ATHENS (Reuters) - An inspection team of international lenders has finished its review of Greece's austerity program, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday. The deal reached on Friday, concludes the first review by the so-called "troika" of the European Commission, the International Monetary Fund and the European Central Bank since they unlocked fresh aid in December, staving off a chaotic bankruptcy.

Analysis: JPMorgan's lukewarm results put Dimon under more pressure

NEW YORK (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure. The top U.S. bank by assets reported tepid first-quarter results on Friday. Income in its biggest businesses - investment banking and consumer lending - fell, excluding accounting adjustments. Outstanding loans grew by just 1 percent, and profit margins on lending narrowed. Stock and bond trading revenue fell.

Greek PM says deposits are safe, banks shielded: paper

ATHENS (Reuters) - Greek bank deposits are safe and the country's lenders are protected due to a recapitalization scheme which will be completed by the end of April, Prime Minister Antonis Samaras said on Saturday. In an interview with Imerisia, Samaras ruled out a tax on deposits over 100,000 euros ($131,000) allaying fears of austerity-hit Greeks that their savings may be at risk after a raid on Cyprus depositors as part of the island's bailout.

Italy's Salini eyes foreign growth after Impregilo merger: report

MILAN (Reuters) - Italian builder Salini, taking over larger rival Impregilo , expects the merged group to double revenues over the next three years helped by expansion in the Americas and Australia, its head said in a newspaper interview. Family-owned Salini, which has built a stake of 86.5 percent in Italy's biggest builder after a takeover bid ended on Friday, told Il Corriere della Sera on Saturday he may consider listing the future merged group on more stock markets.

Austria defies mounting pressure to end bank secrecy

DUBLIN (Reuters) - Austria defied growing pressure to follow Luxembourg in ending bank secrecy, after a group led by Europe's six biggest countries pledged to work together to tackle tax havens. Late on Friday, the finance ministers of Germany, France, Britain, Italy, Spain and Poland announced their desire to jointly push for more bank transparency, a message they will take to the meeting of the Group of 20 top global economies in Washington next week.

Canada says April "optimal" for naming next Bank of Canada chief

OTTAWA (Reuters) - Canada's government would ideally like to name a new Bank of Canada governor this month to replace Mark Carney, who will step down on June 1 to take the helm at the Bank of England, Finance Minister Jim Flaherty said on Friday. "Part of the process is my interviews of the short-listed candidates," Flaherty told reporters on a conference call during an official visit to Bermuda.

Wells Fargo profit beats, but mortgage business slows

(Reuters) - Wells Fargo & Co reported a higher-than-expected 23 percent rise in first-quarter profit on Friday, but its mortgage business showed further signs of slowing and net interest margins continued to shrink. The fourth-largest U.S. bank by assets has emerged from the financial crisis as the leading U.S. home lender as other banks have pulled back from a business that burned them during the housing bust. But the bank has now seen a decline in home loans for two consecutive quarters as fewer borrowers refinance at low interest rates.

Source: http://news.yahoo.com/ca-business-summary-034500857--finance.html

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Traveling with Pets and Kids...and Wine: Weekly Roundup | Travel ...

Traveling with both pets and children can make for some of the cutest photos around, not to mention truly memorable moments. But it can also make you reach for a bottle, or two, of wine. So we covered both this week. We celebrated National Pet Day with some tooth-achingly sweet photos of pets on the go, talked about our favorite kid-friendly activities in London, and then brought you plenty of wine from Turks and Caicos to Paso Robles. Enjoy.

National Pet Day: Cutest Resident Hotel Pets

We celebrated National Pet Day this week, with stories about adorable pets on the go, like these cute pet friends that live in hotels across the country (and beyond).

23 Things to Do in London with Kids

A trophy trip for teens, a storybook vacay for toddlers, a sophisticated city break for grown-ups... London is one of those rare cities that meets almost everyone's criteria.

Berlin Airport Delays Continue, No New Date Set

Berlin's new Brandenburg Airport has become an embarrassment for the city, and for Germany as a whole, as they announce further delays and complications, without setting a new opening date.

Where to Drink Wine in Turks and Caicos

We're not knocking the pi?a colada, but when it comes to relaxing after a long day of...relaxing on the beach, we've found a glass of wine with a view of the Caribbean does quite nicely.

Siem Reap: SE Asia's Most Underrated Food Destination

Want to know a secret? Foodies going to Southeast Asia that don't visit Cambodia are missing out. This country and its incredible, underrated cuisine should be your first point of discovery.

Paso Robles Wine Country is Not Messing Around

You might not think of Paso Robles as being particularly bad ass. (You might not think of Paso Robles at all.) Until now. The small California wine region brought in the big guns?their version of the Old Spice guy.

Source: http://www.fodors.com/news/travel-with-pets-and-kids-and-where-to-drink-wine-weekly-roundup-6677.html

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