Rabu, 3 Oktober 2012

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US stocks gain, HP shares plunge

Posted: 03 Oct 2012 04:44 PM PDT

NEW YORK: Hewlett Packard shares plunged Wednesday on concerns about the company's turnaround strategy but the markets overall closed higher, helped by firm reports on services sector growth and private hiring.

Investors dumped HP, the shares closing down 13.0 per cent at US$14.90, after chief executive Meg Whitman said it would take time to turn around the company that built its fortune on printers and personal computers.

That performance weighed down the blue-chip Dow Jones Industrial Average, which finished up 12.25 points (0.09 per cent) at 13,494.61.

The broad-based S&P 500 was stronger, gaining 5.24 points (0.36 per cent) at 1,450.99, while the tech-rich Nasdaq Composite added 15.19 (0.49 per cent) to 3,135.23

Market gains were underpinned by two positive data releases. The Institute for Supply Management's services industry PMI showed the crucial sector picking up pace, though hiring remained flat.

Payrolls company ADP's private sector hiring report was better than expected, though at 162,000 jobs in September was still down by 14 per cent from August.

"September is shaping up to be a better month than we were expecting judging by the two ISM reports (especially the improvement in orders) and the vehicle sales data," said analysts at RDQ Economics.

"That said, the non-manufacturing ISM report did not support other labour market indicators that were suggesting a possible upside surprise as the employment index pointed to slower job growth in September."

Trade was heavy in Wellpoint, which lost 0.6 per cent after Fitch downgraded the health benefits manager due to questions raised by its purchase of insurer Amerigroup.

Discount retail chain Family Dollar jumped 3.9 per cent after reporting a 1.4 per cent increase in fiscal fourth-quarter earnings and forecasting steady growth in fiscal 2013.

Second-tier wireless carrier MetroPCS confirmed its cash-and-stock merger with rival T-Mobile, creating a customer base of 42 million subscribers aimed at securing their footing in in a market dominated by AT&T, Verizon and Sprint Nextel.

PCS shares fell 9.8 per cent, after having jumped 17.8 per cent on Tuesday in anticipation of the deal.

AT&T and Verizon both gained 1.0 per cent, while Sprint Nextel picked up 6.1 per cent. -- AFP

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Reuters/Ipsos polls show scope of challenge facing Romney - Reuters

Posted: 03 Oct 2012 09:06 AM PDT

U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney greets audience members at a campaign rally in Denver, Colorado October 1, 2012 ahead of his first debate with U.S. President Barack Obama. REUTERS/Brian Snyder

U.S. Republican presidential candidate and former Massachusetts Governor Mitt Romney greets audience members at a campaign rally in Denver, Colorado October 1, 2012 ahead of his first debate with U.S. President Barack Obama.

Credit: Reuters/Brian Snyder

DENVER | Wed Oct 3, 2012 12:05pm EDT

(Reuters) - Heading into his first debate with Democratic President Barack Obama on Wednesday, Republican Mitt Romney has some convincing to do.

During the next five weeks - and three debates - Romney will make an appeal to voters aimed at overcoming an Obama campaign that has outflanked his own for much of the past four months. Romney enters the final sprint to the November 6 election behind in national polls and trailing in most of the nine or so politically divided "swing" states that are likely to decide the election.

Just as important, Romney trails Obama among likely voters on a broad array of issues and personal ratings that reflect the scope of the challenge Romney faces in trying to come from behind and snatch the presidency from the Democratic incumbent.

A series of Reuters/Ipsos tracking polls indicate that Obama has small leads over Romney on separate questions about which candidate would best handle the economy and who could create more jobs, even though Romney has made his business experience as the head of a private equity firm the centerpiece of his campaign.

Obama has double-digit leads on who would do better on taxes, 45 percent to 35 percent, and on dealing with the Social Security retirement program, 43 percent to 31 percent.

Likely voters are particularly supportive of Obama on more personal issues. Romney, who has been portrayed by Obama's campaign as an out-of-touch millionaire, trails Obama by about 30 points among likely voters who were asked which candidate was more likable. Romney trails by 20 points on the question of which candidate best understood voters.

Such questions touching on Romney's likability and empathy might pale in importance to questions about the economy and other domestic policies but taken together they present significant hurdles for Romney, whose difficulty in connecting with voters has been a constant problem of his campaign.

"Those personal attributes are soft metrics," Ipsos pollster Julia Clark said. "But they contribute to how much a voter trusts and feels comfortable with a candidate."

AN 'IMPORTANT OPPORTUNITY'

Wednesday's debate is expected to be seen by about 60 million television viewers and will give voters a chance to compare Obama and Romney side-by-side for the first time.

The Denver debate will focus on domestic policy and will be followed by a town hall-type session on October 16 in Hempstead, New York, and a session on foreign policy in Boca Raton, Florida, on October 22. The events will offer the candidates a way to cut through the considerable political noise surrounding a campaign in which more than $2 billion is being spent, much of it to attack the opposition.

For Romney, the debates represent his best chance to reverse voters' views of how he stacks up against Obama by pressing his argument that Obama is a failure in managing the economy. The debates also will give Romney a chance to bolster his personal image, which has taken a beating in polls as Obama's team has cast him as an out-of-touch rich guy who, while leading Bain Capital, sent thousands of U.S. jobs overseas.

"The debates are absolutely the right forum to move those numbers" in the polls, Clark said. "If Romney can gain ground on some of those personal questions, it could help him."

Romney, a former Massachusetts governor, has been taking time off the campaign trail for weeks to prepare for the debates, which a campaign adviser acknowledged on Monday represent an "important opportunity."

"I think that focusing on the issues that people care about can make you more likable," Romney senior adviser Kevin Madden said.

"And people will come away from the debates saying, 'You know what, Governor Romney, he understands some of the problems I'm facing every single day and he's got solutions to help overcome the country's challenges. And as a result I feel better about my vote for him,'" Madden said.

DEFINING ROMNEY

Obama's rise in recent nationwide and state polls has been aided by what several polls have identified as increasing optimism about the direction of the country, even as the economy continues to struggle.

Reuters/Ipsos data shows Obama ahead of Romney 42 percent to 38 percent on the question of who would better lead the economy and 44 percent to 39 percent on who has the better plan to create jobs.

Obama's campaign spent much of the summer and millions of dollars on ads that portrayed Romney as unable to relate to the concerns of middle-class Americans and criticized his leadership at Bain Capital, which critics say plundered some of the companies it took over and cut jobs in the name of profits.

The Reuters/Ipsos polling of more than 1,600 likely voters indicates the tactics seemed to work.

On the question of which candidate has the right values, Obama leads 47 percent to 37 percent. On which candidate is tough enough for the job, Obama leads by 45 percent to 38 percent, and on the question of which candidate better represents America, Obama leads 48 percent to 38 percent.

"The White House has done the most effective job I've seen in negatively defining an opponent," said Peter Brown of the nonpartisan Quinnipiac University poll. "They have made Romney, in the eyes of many voters, a rich, unfeeling elitist who does not understand how Americans live their lives."

Romney will have a chance to turn around that perception in Wednesday's debate. A Quinnipiac poll released on Tuesday found nearly one in 10 voters believed they could see something in the debates that would change their vote - a potentially significant number in a tight race.

It also showed that a solid majority of voters expect Obama to win the debate, giving Romney an advantage in expectations heading into the encounter.

"Romney does have a low bar," Brown said. "The public expectation is that Obama is going to clean his clock."

(Editing by David Lindsey, Bill Trott and Vicki Allen)

Aleppo triple bombing kills at least 31 - Washington Post

Posted: 03 Oct 2012 08:59 AM PDT

BEIRUT — Three massive bomb blasts ripped through the heart of Syria's commercial capital, Aleppo, on Tuesday, killing at least 31 people and causing widespread damage to a major square amid continuing clashes between government forces and rebels for control of the city.

The bombs, which apparently targeted a military officers' club, went off in rapid succession shortly before 8 a.m. The club was demolished, and the blasts also tore the facades off several nearby buildings in Saadallah al-Jabri Square, a part of the city that is tightly controlled by the government.

Kredit: www.nst.com.my
 

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