Rabu, 13 Februari 2013

NST Online Business Times : latest

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KL shares open higher

Posted: 13 Feb 2013 06:30 PM PST

Share prices on Bursa Malaysia continued its upward momentum to open higher today in line with stronger regional markets, dealers said.

At 9.59 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.67 points higher at 1,633.83 after opening 4.11 points better at 1,635.27.

A dealer said bluechips were expected to stay range-bound in subdued trading due to weak buying momentum as most investors were still away for the Chinese New Year break.

"Immediate resistance for the index remained at 1,633, followed by the 50
and 100-day moving averages at 1,649 and 1,647 which would act as tougher upside

hurdles," he said.

The Finance Index fell 14.29 points to 15,012.05, the Industrial Index gained 1.85 points to 2,798.09 and the Plantation Index perked 22.44 points to 7,968.48.

The FBM Emas Index rose 17.64 points to 11,091.64, the FBMT100 was up 18.2 points at 10,9949.26, the FBM Mid 70 Index advanced 21.4 points to 12,020.33 while the FBM Ace Index shed 6.62 points to 4,058.01.

Gainers outpaced losers 121 to 107 with 156 counters unchanged, 1,259 untraded and 16 others were suspended.

Volume stood at 140.58 million shares worth RM106.17 million.

Among actives, Ingenuity added half-a-sen to nine sen but Patimas Computers lost one sen to 7.5 sen while Astral Supreme and Karambunai were unchanged at 18.5 sen and 11.5 sen, respectively.

Heavyweights, Maybank and Axiata gained one sen each to RM8.99 and RM6.30, respectively, Petronas Chemicals earned four sen to RM6.14 while CIMB lost five sen to RM7.20 and Sime Darby was unchanged at RM9.25.-- Bernama

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A President Hungry for Action Has Bite-Size Budget - Wall Street Journal

Posted: 13 Feb 2013 08:53 AM PST

Article Excerpt

President Barack Obama showed on Tuesday night what it means to be an activist president on a diet.

In the State of the Union address that essentially presented his program for a second term, Mr. Obama spoke expansively of what government—his government—could do to improve life in America: build and repair the nation's infrastructure, spur alternative-energy sources, expand early education, raise pay for workers.

But behind that rhetoric lies a starker reality: The president actually has very little money to spend, so he proposed only limited new funding for these programs his party's liberal base loves. Spending caps, tax cuts, ...

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AP source: Dorner's license found in burned cabin - Boston.com

Posted: 13 Feb 2013 09:13 AM PST

BIG BEAR LAKE, Calif. (AP) — Police scoured mountain peaks for days, using everything from bloodhounds to high-tech helicopters in their manhunt for a revenge-seeking ex-cop. They had no idea he was hiding among them, possibly holed up in a vacation cabin across the street from their command post.

It was there that Christopher Dorner may have taken refuge last Thursday, four days after beginning a deadly rampage that would claim four lives.

The search ended Tuesday when a man believed to be Dorner bolted from hiding, stole two cars, barricaded himself in another vacant cabin miles away and mounted a last stand in a furious shootout in which he killed one sheriff's deputy and wounded another before the building erupted in flames.

He never emerged from the ruins, and hours later a charred body was found in the basement of the burned cabin along with a wallet and personal items, including a California driver's license with the name Christopher Dorner, an official briefed on the investigation told The Associated Press on condition of anonymity because of the ongoing investigation.

The coroner's office is studying the remains to positively determine the identity.

LAPD Lt. Andrew Neiman said Wednesday the department had returned to normal patrol operations, and about a dozen of the more than 50 protective details guarding possible Dorner targets will remain in place until the remains are positively identified.

''This really is not a celebration,'' he said.

Neiman would not answer any questions regarding what occurred in San Bernardino County, saying it was that jurisdiction's investigation.

LAPD officers used the Internet to monitor radio chatter during the firefight.

''It was horrifying to listen to that firefight and to hear those words. 'Officer down' is the most gut-wrenching experience that you can have as a police officer,'' Neiman said.

Dorner, 33, had said in a lengthy rant that police believe he posted on Facebook that he expected to die in one final, violent confrontation with police, and if it was him in the cabin that's what happened.

The apparent end came in the same mountain range where his trail went cold six days earlier, when his burning pickup truck — with guns and camping gear inside — was abandoned with a broken axle on a fire road in San Bernardino National Forest near the ski resort town of Big Bear Lake.

His footprints led away from the truck and vanished on frozen soil. Deputies searched door-to-door in the city of Big Bear Lake and then, despite a blinding snowstorm, SWAT teams focused on hundreds of vacant cabins in the forest outside of town.

With no sign of him and few leads, police offered a $1 million reward to bring him to justice and end a ''reign of terror'' that had more than 50 families of targeted Los Angeles police officers under round-the-clock protection after he threatened to bring ''warfare'' to the LAPD, officers and their kin.

Just a few hours after police announced Tuesday that they had fielded more than 1,000 tips with no sign of Dorner, word came that a man matching his description had tied up two people in a Big Bear Lake cabin, stole their car and fled. Authorities didn't immediately give more details on the two people.

Jay Hylton told KABC-TV that they were two of his relatives, a mother and daughter pair of housekeepers, who weren't hurt.

After the women surprised Dorner, he tied them up and fled in a purple Nissan, the Los Angeles Times (http://lat.ms/XKkGt8) reported.

One maid eventually broke free and called 911, the newspaper said.

Game wardens from the California Department of Fish and Wildlife who were part of the search detail spotted the Nissan that had been reported stolen going in the opposite direction and gave chase, department spokesman Lt. Patrick Foy said. The driver looked like Dorner.

They lost the car after it passed a school bus and turned onto a side road, but two other Fish and Wildlife patrols turned up the road a short time later, and were searching for the car when a white pickup truck sped erratically toward them in the Seven Oaks area, about 30 miles down Highway 38 from Big Bear Lake.

''He took a close look at the driver and realized it was the suspect,'' Foy said.

Dorner, who allegedly stole the pickup truck at gunpoint after crashing the first car, rolled down a window and opened fire on the wardens, striking their truck more than a dozen times.

One of the wardens shot at the suspect as he rounded a curve in the road. It's unclear if he was hit, but the stolen pickup careened off the road and crashed in a snow bank.Continued...

© Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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