Isnin, 4 November 2013

NST Online Business Times : latest

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US stocks firmer ahead of GDP, jobs data

Posted: 04 Nov 2013 04:38 PM PST

NEW YORK: US stocks on Monday ended a quiet day higher as investors looked ahead to some important economic reports later in the week, including the monthly jobs report.

The Dow Jones Industrial Average tacked on 23.57 points (0.15 percent) at 15,639.12.

The broad-based S&P 500 rose 6.29 points (0.36 percent) to 1,767.93, while the tech-rich Nasdaq Composite Index added 14.55 points (0.37 percent) at 3,936.59.

Dan Greenhaus, chief global strategist at BTIG LLC, characterised Monday's economic news flow as "dead" but said markets will likely take notice of Thursday's report on third-quarter gross domestic product and Friday's monthly jobs report for October.

"We've had a really nice run here and the market feels a little tired," Greenhaus said.

Tech companies Groupon (+6.4 percent) and Tesla Motors (+8.0 percent) rose ahead of earnings reports this week.

Dow component Merck was lifted 1.1 percent after announcing promising results in a trial for a vaccine that it said protects against the HPV virus that can lead to cervical cancer.

Another Dow component, Johnson & Johnson, dipped 0.4 percent after it agreed to pay US$2.2 billion to settle allegations of fraudulently marketing drugs and paying kickbacks to promote their sales.

Smartphone company BlackBerry spent the day trading in the red after announcing a new chief executive and scuttling plans to sell the company and instead receive a US$1 billion infusion. Shares ended 16.4 percent lower amid revived questions about the Canadian company's prospects. -- AFP

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LAX shooting: LAPD missed intercepting alleged shooter by minutes - Los Angeles Times

Posted: 04 Nov 2013 08:05 AM PST

Ciancia, who police say shot and killed a Transportation Security Administration screener at LAX, was dropped off at the airport by one of his roommates about 9 a.m. Friday, shortly before the deadly shooting rampage occurred, according to authorities.

Around the same time, Los Angeles police officers paid a visit to his apartment in Sun Valley in response to concerns from his family after they received text messages indicating that he wanted to harm himself.

The chairman of the House Homeland Security Committee, U.S. Rep. Michael McCaul (R-Texas), told CNN's State of the Union that the officers missed Ciancia by minutes.

"This is how we typically stop these things -- through good intelligence, and if family members or friends see a loved one who is exhibiting signs of mental illness ... then I think it's incumbent to call this to local authorities," McCaul said. "They actually did that in this case and, unfortunately, missed the suspect by a matter of minutes."

Officers were following up in response to an alert from Ciancia's family that the 23-year-old had sent text messages to his brother and sister Friday indicating that he wanted to harm himself, Allen J. Cummings, police chief of Ciancia's hometown of Pennsville Township, N.J., told The Times.

Later that day, with news crews swarming LAX, Ciancia's father called Cummings. "I'm watching TV," he told the chief, "and I think this is my son at the airport."

There had been no indication the 23-year-old was struggling, or that he may have harbored anti-government sentiments, Cummings said.

"We don't really know what happened out West," he said. "We don't know where he got his ideas or where that came from."

Ciancia, who moved to Los Angeles about 18 months ago, was carrying a signed, handwritten note in his duffel bag referring to TSA officials that said he wanted to "instill fear into their traitorous minds," according to the FBI.

"His intent was very clear in his note," said David Bowdich, special agent in charge of the Counterterrorism Division at the FBI's Los Angeles office. "In that note he indicated his anger and his malice toward the TSA officers."

A law enforcement official told The Times that the screed resembled a "suicide note." The gunman said he didn't want to hurt anyone "innocent" — only TSA agents. The note also mentioned "NWO," a possible reference to the New World Order, a conspiracy theory that holds that forces are trying to create a totalitarian one-world government.

When he entered LAX, Ciancia was wearing dark clothes and a bulletproof vest and had not purchased a ticket. He carried a Smith & Wesson .223-caliber M&P-15 assault rifle, five loaded magazines and a trove of ammunition, Bowdich said.

Ciancia, who was shot in the head and leg by LAX officers shortly after the shooting began, remained heavily sedated in critical condition at Ronald Reagan UCLA Medical Center on Monday.

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US top court lets stand ruling throwing out 'abortion pill' limits - Reuters

Posted: 04 Nov 2013 09:17 AM PST

A man holds an umbrella outside the U..S. Supreme Court in Washington June 10, 2013. REUTERS/Kevin Lamarque

A man holds an umbrella outside the U..S. Supreme Court in Washington June 10, 2013.

Credit: Reuters/Kevin Lamarque

WASHINGTON | Mon Nov 4, 2013 12:15pm EST

(Reuters) - The U.S. Supreme Court on Monday left intact a state court decision invalidating an Oklahoma law that effectively banned the so-called abortion pill RU-486, with the justices deciding to sidestep a potentially contentious case.

The high court had been waiting for the Oklahoma Supreme Court to clarify a December 2012 ruling that had voided the law before deciding on whether to rule on the case. Last week, the state court issued a new opinion explaining its reasoning in more detail.

The U.S. high court's latest action means the Oklahoma Supreme Court ruling is final. That ruling invalidated a state law it said had the effect of banning abortion-inducing drugs altogether.

The group Center for Reproductive Rights, which had challenged the law, said the Supreme Court's action means that women in Oklahoma will now have access to drug-induced abortions in addition to non-surgical treatment of ectopic pregnancies in which an embryo implants outside the uterus.

"The Supreme Court has let stand a strong decision by the Oklahoma Supreme Court that recognized this law for what it is: an outright ban on a safe method of ending a pregnancy in its earliest stages, and an unconstitutional attack on women's health and rights," the group's president, Nancy Northup, said in a statement.

By declining now to hear the case, the high court signaled that while it will not shy away from reviewing abortion regulations in some instances, it has no appetite to revisit earlier contentious decisions on the right to abortion in general terms.

The Oklahoma court said in its first ruling on the law that the measure violated a 1992 U.S. Supreme Court ruling that set the standard for how courts should weigh abortion restrictions.

In June, the U.S. Supreme Court said it would review the case but first asked the state court to clarify what exactly the state law prohibited and whether it conflicted with U.S. Food and Drug Administration guidance.

CALLED 'MOST EXTREME'

Jennifer Dalven, a lawyer at the American Civil Liberties Union, which opposes tough abortion restrictions, noted that no U.S. Supreme Court has ever upheld a law as strict as the Oklahoma statute.

"This was the most extreme ban in the nation," she said.

The 2011 Oklahoma law prevented doctors from "off-label" use of the drug mifepristone, also known as the "abortion pill." It is sold by Danco Laboratories as Mifeprex, which is used with other medications to induce abortion up to seven weeks into a pregnancy.

The drug was approved by the FDA in 2000 subject to the instructions contained on the label.

The "off-label" use prohibited by the law developed later and allowed less physician oversight when the drug is used.

Opponents of the law, who support abortion rights, say the banning of off-label uses effectively prevented all medication-based abortions.

The last time the Supreme Court took up a related issue was in 2007 when it ruled 5-4 to uphold a federal law that banned a late-term abortion procedure.

The RU-486 "abortion pill" differs from the "morning-after pill" emergency contraception used by some women to prevent pregnancy after unprotected sex.

Under the Supreme Court's 1992 precedent set in a case called Planned Parenthood v. Casey, an abortion regulation can be legal as long as it does not impose an "undue burden" on women seeking the procedure.

In that case the justices reaffirmed the landmark 1973 Roe v. Wade decision in which the court first held that women had the right to seek an abortion.

In a one-line order on Monday, the Supreme Court said the Oklahoma case was dismissed as "improvidently granted."

Republican Oklahoma Attorney General Scott Pruitt, who defended the law, did not immediately respond to a request seeking comment.

The case is Cline v. Oklahoma Coalition for Reproductive Justice, U.S. Supreme Court, No. 12-1094.

In a related action on Monday, opponents of a new Texas law that imposes abortion restrictions asked the high court to reimpose a federal court stay on a part of the measure that prevents doctors from performing abortions unless they have admitting privileges at a nearby hospital.

Last week, a federal district court ruling that imposed a stay was lifted by the New Orleans-based 5th U.S. Circuit Court of Appeals. Texas is required to file its response with the Supreme Court by Nov 12.

The Texas law also contains restrictions on drug-induced abortions but that issue is not before the Supreme Court.

The appeals court let stand the district judge's decision to block the state from enforcing the Food and Drug Administration's abortion pill protocol for women who are 50 to 63 days pregnant if a doctor determines a surgical abortion is unsafe.

The U.S. Supreme Court will soon be considering whether to hear another abortion-related case, this time concerning a law enacted in Arizona in 2012 that bans abortions after 20 weeks except for medical emergencies. An appeals court blocked the law, prompting the state to ask for Supreme Court review.

(Reporting by Lawrence Hurley; Editing by Howard Goller and Will Dunham)

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