Jumaat, 23 November 2012

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US stocks rally on Black Friday sales

Posted: 23 Nov 2012 05:07 PM PST

NEW YORK: US stocks rallied Friday on signs that the holiday shopping season was off to a good start, with retail behemoth Walmart calling it the "best ever" Black Friday.

The Dow Jones Industrial Average added 172.79 points (1.35 percent) at 13,009.68.

The broad-market S&P 500 index advanced 18.12 (1.30 percent) to 1,409.15, while the Nasdaq Composite climbed 40.30 (1.38 percent) to 2,966.85.

Stocks built on strong opening gains amid thin volumes in the holiday-shortened session, which closed three hours earlier than usual at 1:00 pm (1800 GMT).

US markets had been shut Thursday in observance of the Thanksgiving holiday.

Retail stocks were in focus on Black Friday, the traditional discount sales day that kicks off the holiday shopping season.

"Equities were higher today, with optimism regarding the holiday shopping season aided by a statement from Dow member Wal-Mart Stores Inc calling the day its 'best ever,'" Charles Schwab & Co. analysts said.

Hewlett-Packard was the biggest Dow gainer, adding 4.2 percent, followed by Microsoft, up 2.8 percent.

Dow member Wal-Mart jumped 1.9 percent. The world's biggest retailer reported strong sales Black Friday, despite strikes and protests by unhappy employees.

Earlier Walmart's Indian unit announced it had suspended several employees as part of an internal bribery probe.

Big-box rival Target was up 1.2 percent, Macy's gained 1.8 percent and Saks jumped 3.1 percent.

Research in Motion soared 13.7 percent after an analyst upwardly revised sales estimates for the new BlackBerry 10, due in January.

General Motors climbed 2.5 percent. Its finance arm announced late Wednesday that it had struck a deal to buy Ally Financial's European, Latin American and Chinese operations for about $4.2 billion.

On Wednesday, stocks made modest gains in light pre-Thanksgiving trade after Israel and Hamas reached a cease-fire agreement. -- AFP

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Gaza truce holding even after Palestinian death - Christian Science Monitor

Posted: 23 Nov 2012 09:06 AM PST

Crowds have been massing at the border between Israel and Gaza, and Israeli soldiers killed a man they said was trying to cross the border.

By Karin Laub and Sarah El Deeb, The Associated Press / November 23, 2012

A Hamas police officer keeps Palestinians from approaching the Gaza-Israel border on Friday. One man was killed by Israeli soldiers during an attempted border crossing, testing the day-old ceasefire.

Bernat Armangue/AP

Enlarge

Israeli troops fired Friday to push back Gaza crowds surging toward Israel's border fence with the Hamas-ruled territory, killing one Palestinian and wounding 19 in the first violence since a truce between Israel and Hamas took hold a day earlier.

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Hamas security tried to defuse the situation and keep the crowds away from the border, signaling the incident is unlikely to jeopardize the Egyptian-brokered cease-fire.

The truce, which calls for an end to Gaza rocket fire on Israel and Israeli airstrikes on Gaza, came after eight days of cross-border fighting, the bloodiest between Israel and Hamas in four years.

On Friday, hundreds of Palestinians approached Israel's border fence in several locations in southern Gaza.

In the past, Israel's military barred Palestinians from getting close to the fence, and soldiers routinely opened fire on violators to enforce a 300-meter-wide no-go zone meant to prevent infiltrations into Israel.

Since the cease-fire, growing numbers of Gazans have entered the no-go zone, testing expectations that such restrictions would now be lifted.

In one incident captured by Associated Press video, several dozen Palestinians, most of them young men, approached the fence, coming close to a group of Israeli soldiers standing on the other side.

Some Palestinians briefly talked to the soldiers, while others appeared to be taunting them with chants of "God is Great" and "Morsi, Morsi," in praise of Egyptian President Mohammed Morsi, whose mediation led to the truce.

At one point, a soldier shouted in Hebrew, "Go there, before I shoot you," and pointed away from the fence, toward Gaza. The soldier then dropped to one knee, assuming a firing position. Eventually, a burst of automatic fire was heard, but it was not clear whether any of the casualties were from this incident.

Most of those approaching the fence were young men, but the crowds also included farmers hoping they could once again farm lands in the buffer zone. Speaking by phone from the buffer zone, 19-year-old Ali Abu Taimah said he and his father were checking three acres of family land that have been fallow for several years.

"When we go to our land, we are telling the occupation (Israel) that we are not afraid at all," he said.

Gaza health official Ashraf al-Kidra said a 20-year-old man was killed and 19 people were wounded by Israeli fire near the border.

Israel's military said roughly 300 Palestinians approached the security fence at several locations in southernGaza, tried to damage it and cross into Israel. Soldiers fired warning shots in the air to distance the Palestinians from the fence, but after they refused to move back, troops fired at their legs, the military said. It also said a Palestinian infiltrated into Israel in the course of the unrest, but he was returned to Gaza.

The truce allowed both Hamas and Israeli Prime Minister Benjamin Netanyahu to step back from the brink of a full-fledged war. Over eight days, Israel's aircraft carried out some 1,500 strikes on Hamas-linked targets, whileGaza fighters peppered Israel with roughly the same number of rockets.

The fighting killed 166 Palestinians, including dozens of civilians, and six Israelis.

In Cairo, Egypt is hosting separate talks with Israeli and Hamas envoys on the next phase of the cease-fire — a new border deal for blockaded Gaza. Hamas demands lifting of all border restrictions, while Israel insists that Hamas must halt weapons smuggling to the territory.

In Israel, a poll showed that about half of Israelis think their government should have continued its military offensive against Hamas.

The independent Maagar Mohot poll released Friday shows 49 percent of respondents feel Israel should have kept going after squads that fire rockets into Israel. Thirty-one percent supported the government's decision to stop. Twenty percent had no opinion.

Twenty-nine percent thought Israel should have sent ground troops to invade Gaza. The poll of 503 respondents had an error margin of 4.5 percentage points.

The same survey showed Netanyahu's Likud Party and electoral partner Israel Beiteinu losing some support, but his hard-line bloc would still able to form the next government. Elections are Jan. 22.

Dueling demonstrations in Egypt - Washington Post

Posted: 23 Nov 2012 09:13 AM PST

ARLINGTON, VA - NOVEMBER 21: Rocio Fernandez greets her grandson Max Bazsn, 7, as families reunite at National airport for thanksgiving on November, 21, 2012 in Arlington, VA. (Photo by Bill O'Leary/The Washington Post)

Together again

Millions of Americans were expected to travel over the long holiday weekend, and Reagan National Airport was awash in family reunions the day before Thanksgiving.

TOPSHOTS Juventus' forward Sebastian Giovinco celebrates after scoring during the Champions League football match between Juventus and Chelsea on November 20, 2012 in the stadium of Alps in Turin. Juventus won 3-0. AFP PHOTO / OLIVIER MORINOLIVIER MORIN/AFP/Getty Images

Day in photos

Chinese farmer becomes female fashion model, New Zealand volcano, Israeli-Gaza conflict and more.

An one month old baby Pudu deer grazes in an artificial environment at an University in Concepcion city, south of Santiago, November 12, 2012. The Pudu, the world's smallest deer, was found orphaned in a forest close Concepcion city and inhabits exclusively in southern Chile and part of Argentina. The species is currently in danger of extinction. Picture taken November 12, 2012. REUTERS/Jose Luis Saavedra (CHILE - Tags: ENVIRONMENT SOCIETY ANIMALS)

Animal views

World's smallest deer, eagles, a white crow, rescue dogs and more.

NEW YORK, NY - NOVEMBER 20: Nicki Minaj attends Pink Friday Fragrance Launch at Macy's Queens Center Mall on November 20, 2012 in New York City. (Photo by Dimitrios Kambouris/Getty Images for Elizabeth Arden)

Eye on entertainment

Nicki Minaj, Selena Gomez, Pitbull, Helen Mirren, Lindsay Lohan, Matthew Broderick and other celebrities.

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