Rabu, 4 September 2013

NST Online Business Times : latest

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NST Online Business Times : latest

Posted: 04 Sep 2013 04:33 PM PDT

NEW YORK: Wall Street stocks jumped on Wednesday after surging US auto sales pointed to robustness in the manufacturing sector.

The Dow Jones Industrial Average rose 96.91 points (0.65 percent) to 14,930.87. The broad-based S&P 500 added 13.31 points (0.81 percent) at 1,653.08, while the tech-rich Nasdaq Composite Index increased 36.43 points (1.01 percent) to 3,649.04.

Investors were cheered by August double-digit auto sales gains from GM, Toyota, Ford and Chrysler.

"We're seeing some strength in the manufacturing sector," said Alan Skrainka, chief investment officer for Cornerstone Wealth Management.

A positive regional economies survey from the Federal Reserve described US economic growth as still "modest to moderate" since July.

The report showed consumer spending and manufacturing has risen in most of the 12 regions in the US and said job creation was steady or improving.

The market gains also came despite continued edginess in the markets over the prospects of a US military strike on Syria.

On Wednesday, President Obama reiterated the need for a global response on Syria as a US Senate panel approved a resolution authorising US military intervention.

Ford advanced 3.5 percent after reporting its best retail sales month since August 2006. Total sales increased 12 percent from August 2012.

General Motors surged 5.0 percent after retail sales jumped 22 percent year-on-year, notching the best performance since September 2008.

Technology giant Apple gained 2.1 percent after it set September 10 for an event that is expected to be the unveiling of its new iPhone line, which could include a range of colours and a low-priced version.

According to reports Apple also plans a media event in China on September 11.

Pipeline and energy infrastructure company Kinder Morgan fell 6.0 percent after Jefferies initiated coverage with a "hold" recommendation. Jefferies expressed concern that high capital spending for maintenance could crimp dividend payouts.

LinkedIn shed 2.9 percent after announcing it planned a public offering of about $1 billion worth of shares. The funds will go to general corporate purposes and international expansion.

Discount retailer Dollar General gained 4.7 percent after earnings bested expectations by three cents per share at 77 cents. Same-store sales growth reached 5.1 percent in the quarter. -- AFP

Kredit: www.nst.com.my

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Officials press lawmakers to approve Syria strike; Obama invokes Congress's ... - Washington Post

Posted: 04 Sep 2013 08:40 AM PDT

Top administration officials pressed their case Wednesday for congressional approval of a U.S. military strike on Syria, as lawmakers readied a more limited authorization than originally proposed and President Obama said the credibility of Congress and the international community is also at stake.

After classified, closed-doors hearings Wednesday morning on Capitol Hill, members of the Senate Foreign Relations Committee were scheduled to debate a new draft of a resolution on the use of force in Syria in response to a reported chemical weapons attack last month that killed more than 1,400 people.

The resolution would permit up to 90 days of military action against the Syrian government and bar the deployment of U.S. combat troops in Syria, while permitting the deployment of a small rescue mission in the event of an emergency, according to a copy of the resolution obtained late Tuesday from Senate aides. The White House also would be required within 30 days of enactment of the resolution to send lawmakers a plan for a diplomatic solution to end the violence in Syria.

In a news conference in Stockholm, the first leg of a trip that will take him to Russia for a Group of 20 summit, Obama made the case for a U.S. strike on Syria "limited in time and in scope" to degrade the military capabilities of Syrian President Bashar al-Assad and deter him from resorting to chemical weapons again in his 2 1/2-year war with rebels.

"I didn't set a red line," Obama said in response to a question. "The world set a red line" when it declared chemical weapons "abhorrent" and passed a treaty forbidding them. "Congress set a red line when it ratified that treaty."

Obama added: "My credibility is not on the line. The international community's credibility is on the line. And America and Congress's credibility is on the line because we give lip service to the notion that these international norms are important."

Appearing before reporters with Swedish Prime Minister Fredrik Reinfeldt, Obama said: "I do think that we have to act. Because if we don't, we are effectively saying that even though we may condemn it and issue resolutions and so forth and so on, somebody who is not shamed by resolutions can continue to act with impunity. And those international norms begin to erode. And other despots and authoritarian regimes can . . . say, that's something we can get away with. And that then calls into question other international norms and laws of war, and whether those are going to be enforced."

Asked by a Swedish reporter about "the moral force of nonviolence" and the dilemma of being a Nobel Peace Prize laureate while preparing to attack Syria, Obama reiterated that he was "certainly unworthy" of the prize compared to previous recipients and asked "what are our responsibilities" in confronting a world "full of violence and occasional evil." He argued that when 1,400 innocent civilians, including 400 children, are gassed to death in a war that has already claimed tens of thousands of lives, "the moral thing to do is not to stand by and do nothing."

Rosh Hashanah begins at sundown - Philly.com

Posted: 04 Sep 2013 07:25 AM PDT

Last updated: Wednesday, September 4, 2013, 9:40 AM

Rosh Hashanah, known as the Jewish New Year, begins tonight, marking the start of Judaism's most sacred period.

Although it is known as a New Year celebration, Rosh Hashanah should not to be confused with the frivolity of the secular styled celebration marked each year on Jan. 1.

Rather, Rosh Hashanah marks the beginning of the 10-day period known as the Days of Awe that ends on Yom Kippur, or the Day of Atonement. Together, Rosh Hashanah and Yom Kippur are known as High Holy Days. Jews view the time as one of reflection and as a period to make amends.

Rosh Hashanah literally means "head of the year" and is celebrated on the first day of Tishrei - the seventh month in the Hebrew calendar. It can fall anywhere from September to October.

The holiday starts at sundown today (7:24 p.m.) and will mark the 5,774 year in the Jewish calendar. Yom Kippur falls on Sept. 14.

The celebration is based on a passage in Leviticus, which calls for it to be marked by the blasts of horns. As a result, a shofar, or ram's horn, is traditionally sounded in synagogue on Rosh Hashanah. Work is prohibited on the holiday.

Kredit: www.nst.com.my

Rabu, 4 September 2013