Jumaat, 14 Disember 2012

NST Online Business Times : latest

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NST Online Business Times : latest

Posted: 14 Dec 2012 05:54 PM PST

NEW YORK: US stocks fell Friday amid worries about Washington's budget impasse over the looming fiscal cliff, with a sharp drop in heavyweight Apple weighing on the Nasdaq.

The Dow Jones Industrial Average lost 35.71 points (0.27 percent) at 13,135.01.

The broad-market S&P 500 fell 5.87 points (0.41 percent) to 1,413.58, while the tech-rich Nasdaq Composite shed 20.83 points (0.70 percent) to 2,971.33.

Investors continued to fret about sharp tax hikes and spending cuts set to take effect in January if Washington fails to reach a deal to avert the so-called fiscal cliff, which economists say would drag the United States into recession.

"The stalemate in Washington over spending and taxes kept investors cautious. President Obama and House Speaker Boehner met last night, but both parties remain divided on how to avert the fiscal cliff," Wells Fargo Advisors analysts said.

The technology sector dragged as Apple, the most valuable company by market capitalization, dropped 3.8 percent on the day it launched its iPhone 5 in China amid analyst concerns about a lack of consumer interest.

"Apple's weakness has been a major weight on the broader market given its size and how widely owned it is," said Patrick O'Hare of Briefing.com.

Discovery Communications rose 0.9 percent after striking a US$1.7 billion deal to buy German television group ProSiebenSAT1's Nordic activities.

Best Buy meanwhile tumbled 14.7 percent as the troubled electronics retailer said its founder Richard Schulze would be given until February to make a takeover bid.

Oilfield services company Schlumberger skidded 5.0 percent after announcing higher than usual seasonal slowdowns in international markets and weaker activity in North America.

Pharmaceutical giant Pfizer fell 0.6 percent. The Wall Street Journal reported it was considering a launch early next year of a roughly US$4 billion US initial public offering for animal-health unit Zoetis Inc. -- AFP

Kredit: www.nst.com.my

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Connecticut elementary school shooting: Multiple deaths reported - Chicago Tribune

Posted: 14 Dec 2012 09:40 AM PST

Multiple people have been killed in a shooting at an elementary school. The number of dead is unclear, but there are at least 20 shooting victims. Many of the shootings took place in a kindergarten classroom, sources told the Hartford Courant. The gunman is reported dead.

The official, who spoke on condition of anonymity because the investigation is still under way, says the man apparently had two guns.

The shooting was reported at Sandy Hook Elementary School in Newtown, in western Connecticut. State police say Newtown police called them at about 9:40 a.m. about the reports.

Newtown is in northern Fairfield County, about 45 miles southwest of Hartford and 80 miles northeast of New York City.

Eight-year-old Alexis Wasik, a third-grader at the school, said police were checking everybody inside the school before they were escorted to the firehouse.

"We had to walk with a partner," she said.

One child leaving the school said that there was shattered glass everywhere. A police officer ran into the classroom and told them to run outside and keep going until the reach the firehouse.

Earlier reports of a second shooter are unconfirmed.

Associated Press, Reuters and the Hartford Courant contributed

Reading While Eating for Dec. 14: No Rice Redux - TIME

Posted: 14 Dec 2012 09:34 AM PST

Photo by Spencer Platt/Getty Images

US Ambassador to the United Nations Susan Rice speaks to the media following Security Council consolations over the situation in North Korea on April 13 in New York City. Yesterday, Rice withdrew her name from consideration to succeed Hilary Clinton as Secretary of State.

Susan Rice Bows Out from Secretary of State Consideration. Thereby dashing the hopes of anyone who dreamt of having two U.S. Secretaries of State in the last decade with the surname Rice. (Swampland)

John Kerry, Come on Down. Rice's withdrawal leaves the former Presidential candidate as Obama's likely choice. (The Washington Post)

Thought You Knew Everything About the Alphabet? Think again. (Mental Floss)

The 40 Most Insane Things That Happened in Florida in 2012. Cutting that list down to 40 must have been no easy task. Just wait till they tackle Ohio. (Buzzfeed)

How to Dress Like Your Favorite Film Characters. Hint: If you're looking for an easy one, go with 'The Dude' from The Big Lebowski. (Flavorwire)

Frieda Pinto Shines At the Dubai International Film Festival. The Slumdog Millionaire star is serving as the head of the jury for the short films. (Divanee)

Justin Bieber, on the Other Hand… It's hard work trying so hard to look like you're not trying at all. (Go Fug Yourself)

There's No Time To Explain! Here's your supercut of the day—We'd say more but… (YouTube via The Daily What)

Kredit: www.nst.com.my

Jumaat, 14 Disember 2012