Sabtu, 27 Oktober 2012

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Hurricane Sandy to reach Massachusetts late Sunday night - Boston.com

Posted: 27 Oct 2012 08:56 AM PDT

The Category 1 hurricane's center is aimed to hit the southern New Jersey coast first and it will lose its hurricane status by the time the storm system reaches the Northeast, Simpson said. But that's not a reason for New England residents to let their guard down, he said. The storm's wide girth means Massachusetts residents will still bear some of the brunt of the storm's force, he said.

"It definitely will not be a hurricane when it gets up here," Simpson said. "However, 65 mile-per-hour winds, whether it's a tropical storm or a regular storm, you're going to the same amount of issues, and you've got to be prepared."

After the slow-moving storm reaches New England, it is expected continue until the wee hours of Tuesday morning, he said.

The storm's forces will bring high winds to the eastern part of Massachusetts and heavier rains as it moves west, Simpson said. Boston-area residents can expect 1 to 2 inches of precipitation, though commuties in the Berkshires could see up to 5 inches.

Even if the hurricane is downgraded before it arrives in the Norheast, Simpson said, it is possible that the New England area can still see a slew of power outages. But that will be nothing compared to New Jersey, he said.

"They're going to get really whacked," Simpson said.

California poll shows Obama with smaller lead - Los Angeles Times

Posted: 27 Oct 2012 05:01 AM PDT

Even in vividly blue California, President Obama's luster has faded since his historic victory here in 2008, a new poll has found.

Despite his sizable lead over Mitt Romney, the president is unlikely to repeat his historic 2008 margin of victory here because of his diminished power to pull in people who don't traditionally support Democrats, according to the USC Dornsife/Los Angeles Times poll.

The drop in appeal across party and demographic lines has translated, at this point, to a 14-point edge over the Republican nominee among likely voters — well below Obama's 24-point victory in 2008, the biggest margin in modern times.

PHOTOS: President Obama's 2012 campaign

The same trends that are making the presidential contest tight in the battleground states are evident in California, particularly the decline in support for Obama among white voters and men. In 2008, Obama won male voters by 18 percentage points over Republican nominee John McCain; he currently leads Romney by 1 point among likely male voters. Among white men, Obama beat McCain by two percentage points; Romney now leads among them by 17 points.

Mike Denny is among those who voted for Obama in 2008, grew disenchanted during his tenure and has decided to support Romney and running mate Paul D. Ryan in November.

"I thought maybe there would be some kind of change," said Denny, a Republican from Rossmoor. "I thought he was somebody different, someone new with new ideas, someone with young ideas. But it's the same old thing."

Denny, who owns a graphics company, said he was immediately disappointed when Obama spent the first part of his term tackling healthcare reform, which Denny opposes because of its impact on small business. He feels the president neglected the economy, and thinks Romney's corporate resume is better suited to right the nation's fiscal problems.

"We need to get jobs back," said the 45-year-old. "I think he has a plan to put more jobs into the economy, and he's got more business experience."

The poll, conducted for The Times and the USC Dornsife College of Letters, Arts and Sciences, showed that Obama's level of support now reflects the traditional advantage for a Democrat in California, rather than exceeding it as he did in 2008.

His margin is 3 percentage points shy of Sen. Dianne Feinstein's lead over Republican Elizabeth Emken in the same poll, and 1 point more than Gov. Jerry Brown's winning margin over GOP nominee Meg Whitman in the 2010 race for governor.

The poll found that 51% of Californians believe that the nation is moving in the wrong direction, not surprising in a state where unemployment continues to be higher than the national average and the state is mired in budget woes, facing either tax hikes or biting cuts to schools and public services. But that was an improvement over a 2011 poll that showed nearly 3 out of 4 held the same sentiment.

The fact that the president is doing well here despite qualms about the direction of the nation reflects Democrats' strength in California, where not a single Republican was elected to statewide office in 2010. Obama maintains strong support among key Democratic constituencies. He leads Romney among likely Latino voters by 52 percentage points, and among likely female voters by 26 points — numbers roughly consistent with his performance against McCain.

Melyssa Ramirez, 24, says she supports Obama because she doesn't believe Romney is interested in creating a level playing field for all.

"He doesn't see the big picture about being a team player," said the Democrat, who is studying for a master's degree in education at Cal State Long Beach. "Obama is more of a team player — if we all succeed, we all get ahead."

Ramirez said Obama's positions on education, abortion and immigration were key to her decision. The Whittier resident, who was born in the United States to parents who immigrated from Mexico and the Dominican Republic, strongly supports Obama's executive order earlier this year that allows some undocumented young people to live and work in the country legally. She said friends who are living here illegally have suffered.

"A lot of them couldn't go to school, couldn't get jobs. I have a couple friends who were able to get their BAs but they graduated and couldn't get a job because of their legal status," she said. "I completely understand those people who are being criminals and not contributing positively to society, yeah, they shouldn't be granted citizenship. They should go back where they came from. But those who come for the American dream and are actually doing their work and getting it, then they should be given the opportunity."

The poll, conducted by the Democratic polling firm of Greenberg Quinlan Rosner and the Republican firm American Viewpoint, surveyed 1,504 registered voters by phone between Oct. 15 and 21. The survey has an overall margin of error of 2.9 percentage points in either direction, with a higher margin of error for subgroups.

Obama and Romney both hold on to roughly four-fifths of registered voters in their political parties, although Obama does 4 percentage points better among registered Republicans than Romney does among registered Democrats. But another driving force of Obama's lead is his support among voters who decline to state a party preference. The president wins this group of registered voters 58% to 34%, a 7-point uptick from a May USC/Times poll.

The two men also win their expected geographic zones and age groups, with Obama performing best in Los Angeles County and the Bay Area, and Romney doing well in the rest of Southern California, the Central Valley and the area north of Sacramento. Among registered voters ages 18 to 49, Obama has nearly double the support of Romney, winning 63% to Romney's 32%. Among those older than 50, the men are nearly at parity, though Obama continues to lead, 48 to 45.

Overall, the findings of the latest poll show why the presidential candidates regularly visit California to raise money but rarely appear on the stump here — the state's views at the national level appear hardened in favor of Democrats.

"I mean really, what is there to say?" asked Linda DiVall, founder of the Republican firm American Viewpoint, as she considered the presidential poll numbers.

seema.mehta@latimes.com

Kredit: www.nst.com.my

Jumaat, 26 Oktober 2012

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US stocks flat on earnings reports

Posted: 26 Oct 2012 06:05 PM PDT

NEW YORK: US stocks finished flat on Friday under the shadow of earnings disappointments but tempered by a slightly better-than-expected estimate of economic growth in the third quarter.

The Dow Jones Industrial Average finished up 3.53 points (0.03 percent) at 13,107.21.

The broad-based S&P 500 lost 1.03 (0.07 percent) at 1,411.94, while the Nasdaq Composite gained 1.83 (0.06 percent) to 2,987.95.

The first government estimate of third-quarter gross domestic product growth came in at 2.0 percent, a healthy rebound from 1.3 percent in the prior quarter but still too slow to build much optimism.

IHS Global Insight US economists Nigel Gault and Paul Edelstein said the low-gear economy would remain a drag on profits.

"We don't think that growth is accelerating. In fact, the details confirm our view that the economy will further experience modest but subpar growth," they said in an analysis.

Earnings set the pace of the markets, with Apple losing 0.9 percent after missing expectations in its quarterly report, while Amazon bounced 6.9 percent higher despite its loss and cautious outlook for the holiday shopping season.

Banks were mostly lower: Citigroup fell 2.2 percent, Bank of America 1.3 percent and JPMorgan Chase, with Bank of America now reportedly in a new group of banks that have been subpoenaed in the investigation over rigging the Libor benchmark interest rate.

Netflix recovered 13.1 percent two days after investors dumped the shares on reports that Apple would push ahead with its own streaming video service. Some fresh rumors circulated over Microsoft's interest in the company.

Arch Coal, which reported a strong third quarter on cost cutting and forecast a rebound in coal prices, jumped 10.7 percent.

Cable operator Comcast added 3.3 percent as it topped earnings forecasts and spoke of strong momentum in all parts of the business.

Merck fell 0.3 percent on its report of slower sales than expected, though it turned in a 22 percent rise in profits, and 95 cents earnings per share which beat forecasts by three cents.
-- AFP

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Three storms, dark forecast: 'Frankenstorm' a three-headed monster - Los Angeles Times

Posted: 26 Oct 2012 10:02 AM PDT

Hurricane Sandy raged through the Bahamas early Friday after leaving 22 people dead across the Caribbean and was following a path that could see it blend with two other storms to hit the U.S. East Coast with a "Frankenstorm" next week.

The eastern half of the United States is bracing for a trio of powerful storms, including Hurricane Sandy, to hit in the coming days, bringing fierce winds, pounding rains and the potential for widespread damage, flooding and power outages.

As of Friday morning, Hurricane Sandy was over the Bahamas, traveling northwest at about 10 miles per hour, according to the National Hurricane Center. It was packing winds of at least 80 mph as it moved through the Caribbean, where more than 20 deaths were reported.

The hurricane was expected to turn northeast, the National Weather Service said, and strike the U.S. mainland somewhere along the East Coast -- anywhere from the Carolinas to New Jersey to New England -- probably late Sunday or early Monday. There is also a chance it could go back out to sea. But the storm is expected to wallop the entire region and emergency officials are advising coastal areas especially to begin preparing for the worst.

Complicating the situation is the fact that Sandy is just one part of what is expected to become a merged storm system, dubbed "Frankenstorm" by meteorologists in a nod to Halloween on Wednesday night.

A system known as a mid-latitude trough is expected to come in from the west to merge with Sandy and unite with a cold-weather system moving south from Canada.

Coastal areas of the United States from Florida to North Carolina were under a tropical storm watch with the approach of Sandy on Friday morning, with portions of North Carolina expected to get as much as eight inches of rain, according to the weather service.

The combined storm system is expected to be far worse, bringing heavy rains and strong winds from the Carolinas to Boston and from Ohio to the Atlantic. The hardest hit areas are predicted to be in New Jersey and New York City, where five inches of rain and 40-mph winds are forecast. Eastern Ohio, southwestern Pennsylvania and western Virginia could get snow, according to the weather service.

Already some insurance companies are estimating that the physical damage could pass $1 billion in sections of the country with some of the largest populations and most expensive real estate.

This type of weather is not unheard of in the Northeast, though the three merged storms is predicted to stir especially severe conditions. Last year, a freak Halloween storm caused power outages that lasted days in the Northeast; Hurricane Irene hit the region in August 2011, posing similar problems.

Government emergency managers have taken the usual precautions, warning people to put aside fresh water and emergency equipment such as flashlights and batteries. Utilities have canceled many vacations and have made arrangements for added workers from other regions. Officials have activated emergency centers in many states and cities to monitor the meteorological procession that is expected to last most of next week, beyond Halloween in some of the northern regions.

"What we are doing is we are taking the kind of precautions you should expect us to do, and I don't think anyone should panic," New York Mayor Michael Bloomberg said at a news conference Thursday. The city has opened an emergency situation room and activated its coastal storm plan.

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In echoes of Obama, Romney seeks to adopt mantle of change - Reuters

Posted: 26 Oct 2012 09:59 AM PDT

Republican presidential nominee Mitt Romney walks across the tarmac at the airport in Des Moines, Iowa October 26, 2012. REUTERS/Brian Snyder

AMES, Iowa | Fri Oct 26, 2012 12:50pm EDT

(Reuters) - Republican presidential candidate Mitt Romney attempted to adopt the mantle of change on Friday in an economic speech in which he vowed to bring a fresh start to Washington to generate stronger job growth.

Romney's address in the swing state of Iowa was an effort to take on the role that President Barack Obama played in 2008, that of an outsider who would represent an abrupt change if he wins the tight 2012 presidential race.

In excerpts of the speech released by his campaign, Romney dismissed Obama as a shadow of his former self, one who wants to protect the status quo and has no plan for the weak U.S. economy.

"This election is a choice between the status quo - going forward with the same policies of the last four years - or instead, choosing real change, change that offers promise, promise that the future will be better than the past," he will say.

Billed by his campaign as a major speech, Romney's address looked like a summing up of his economic argument aimed at voters who have yet to make up their minds with the November 6 election only 11 days away.

Romney has frequently dropped the words "change" or "big change" into campaign speeches in recent days, although he has not made the theme as central to his argument as Obama did in the 2008 election.

ECONOMIC GROWTH

U.S. gross domestic product growth for the third quarter of this year was reported at 2 percent, a figure that both campaigns seized on to support their arguments.

The Obama camp said it was proof that economic growth is taking place, albeit slowly.

"While we have more work to do, today's GDP growth report, showing the 13th straight quarter of growth, is more evidence that our economy continues to come back from the worst recession since the Great Depression under President Obama's leadership," the Obama campaign said.

Romney, on the other hand, said the report was discouraging.

"Slow economic growth means slow job growth and declining take-home pay. This is what four years of President Obama's policies have produced," he said.

His speech excerpts lacked specifics on what exactly Romney would do to boost the economy. Instead, it focused on the big picture, the challenges that await the next president, and stressed he would not replicate Obama's 2009 job stimulus package.

"This is not the time to double down on the trickle-down government policies that have failed us. It is time for new, bold changes that measure up to the moment, that can bring America's families the certainty that the future will be better than the past," he will say.

Polls show a race that is too close to call. Romney, the underdog all year, made up ground during three presidential debates with Obama this month and vaulted into an even position with the Democratic incumbent.

An ABC News/Washington Post poll showed him up 3 percentage points nationally, by 50 percent to 47 percent for Obama. In battleground states where the election will be decided, a dogfight was still unfolding.

An NBC/Marist poll had Obama up 3 points in Nevada, 50 percent to 47 percent, while in Colorado - which Obama won in 2008 - the two men were tied at 48 percent apiece.

Romney sought to reassure those who fear he would simply cut the federal budget regardless of the consequences. He said he and his vice presidential running mate, Paul Ryan, would tackle intractable problems like overhauling Medicare and Social Security, but would do so in a way that protects the programs for current and near retirees.

He said he would "reform healthcare to tame the growth in its cost," a reference to the overhaul Obama conducted of the U.S. healthcare system that Romney wants to repeal and replace.

But he insisted he would preserve popular parts of the Obama healthcare law such as ensuring consumers with pre-existing medical conditions cannot lose their insurance.

(Writing by Steve Holland; Editing by Alistair Bell and Doina Chiacu)

Kredit: www.nst.com.my

Khamis, 25 Oktober 2012

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Rangel: Romney should pull support from Mourdock - NBCNews.com

Posted: 25 Oct 2012 08:29 AM PDT

>> good morning. i'm chris jansing . another political firestorm is growing, forcing mitt romney and his supporters to explain comments from indiana senate candidate richard mourdock . again, it's about women and abortion, comments that brought a stronger view from president obama . let me remind you first exactly what mourdock said.

>> i struggled with it myself for a long time, but i came to realize life is that gift from god, and i think even when life begins in the horrible situation of rape that it is something that god intended to happen.

>> so in the aftermath the president mentioned the fight for women 's health just last hour at a rally in florida and here he was last night on "the tonight show ."

>> rape is rape. it is a crime. and so these distinctions about rape don't make too much sense to me. don't make any sense to me.

>> in a press conference yesterday mourdock did not apologize for what he said, but said his words were misinterpreted.

>> so many people mistook, twisted, came to misunderstand the points that i was trying to make.

>> but the obama campaign wants to remind voters that with this new video that mitt romney supports richard mourdock and, in fact, he even cut a tv ad in support of him. i want to bring in ann cornblut, politics editor for "the washington post ," perry bacon is the political editor for the grillo. good morning.

>> good morning.

>> the romney campaign released this statement yesterday when all of this was gloe blowing up, quote, governor romney disagrees with richard mourdock and mr. mourdock's comments do not reflect governor romney 's views. we disagree on the policy regarding exceptions for rape and incest, but still support him. now they have not, however, pulled this ad.

>> this fall i'm supporting richard mourdock for senate. as state treasurer richard worked with governor daniels to balance the budget. there's so much at stake, i hope you'll join me in supporting richard mourdock for u.s. senate .

>> and the campaign says they have not asked him to pull the ad. is that a mixed message?

>> potentially, although i think some of what we saw yesterday was reporting that it would have drawn more attention to the campaign and to their differences if they asked him to withdraw the ad and then he refused to do so. so i think their hope is that they've made their statement and they'll try to move on especially because this is not a state that romney himself is contesting. it looks like it will go to him regardless.

>> republicans are asking richard mourdock to apologize. kelly was supposed to do a fund-raising event with him, now she's not. let me just play a little bit about what some of those folks are saying.

>> what he said was kind of crazy, but having said that, this election for president is not about that.

>> it depends on what he does. if he apologizes and says he misspoke and he was wrong and he asks people to forgive him then obviously, i would be the first -- you know, as i said i'm not sure how big the mistakes i have made. you know, in the years i made a few.

>> but mccain is not withdrawing his support yet. so perry , is this going to impact the support for president bringing up the conversations that republicans want to put to rest.

>> any time we're talking about abortion and notomy is a bad day for mitt romney . the position mourdock says that abortion should never be allow side opposed by 90% of americans . almost every american supports abortion and 90% of them in some cases, at least. so it's on the extremely conservative side and highlights an issue where romney is not with the majority of americans are because most americans are for abortion rights particularly in an election where women are the swing vote right now and they're the vote where both parties are focused on and talking about abortion is not the best way to appeal to women for romney .

>> just talking about how the news conference with richard mourdock went down. let me play a clip because he kept getting asked follow-up questions by members of the press.

>> do you believe that if the presidency -- god's intend -- that's what i heard you say, so i guess i thought you meant that god intended a pregnancy.

>> i believe god controls the universe. i don't think that i don't think biology controls it. i think god controls the universe.

>> in the context of the campaign there is a new a.p. poll that says beckly mitt romney has closed the gender gap with women 47-47, although female likely voters, 55% say obama would make the right decisions on women 's issues compared to 41% for mitt romney , but does this have the potential to impact women and we know one of the key swing groups now and those small group of undecided voters are unmarried women .

>> i mean, i think the potential is there and his underlying position that he opposes abortion rights in all cases except for the life of the mother is not a terribly inconsistent position, obviously the wording that came out during the debate was problematic for him and two wrongs don't make a right and we've heard other republicans have different iterations of this policy, then i'm not sure there were that many women waiting to make their decision on the distinction between republicans who oppose legalized abortion in cases of rape and incest and those who just oppose it the rest of the time so i'm not sure there will be that big impact and given that romney has seemed to do better among women and i know there are different numbers out there and some suggesting that obama 's still holding his own and the a.p. poll that he's not. i think there are other issues and fundamentally the economy that are really at stake here, and that's what we keep hearing women say, and women who are undecided and women leaning toward romney and it is too hard to say they'll come back from the indiana race.

>> i want to say good morning to charlie rangel . do you think he's come far enough or do you think he should pull his support for richard mourdock .

>> i can't imagine if i was supporting somebody that they came up with this bizarre thought that someone was the victim of the rape felt compelled and restricted by law to have that child, i would have to really think of who am i endorsing? it's outrageous to be associated with someone that feels this -- this weird about something and when mourdock says that he's wrestled with the question. how do you wrestle with a question with what a woman has to go through. first a rape which is horrendous enough which i don't see how a man can imagine the pain, but for her husband or for her father to say that you have to give birth to a child as a result of it and the federal government saying that if you don't, you're committing a crime it's too bizarre for any person especially someone running for president to be in any way connected with that person.

>> do you think, congressman, in the larger context, obviously, voters there will take a look at this, but in the larger context of renewing this conversation about what democrats have called the war on women about the question of who gets to control reproductive rights . does this have the potential by bringing that back into the daily conversation, to have an impact in these closing days of the campaign?

>> of course, i'm not a woman and i'm not arrogant enough to know what a woman would be thinking about this, but i would assume that they would look at this person, the president and says what are your views about me? what are your concerns about me, about my daughter and about women , generally and how do you explain it me your association to this person whose obvious religious beliefs have caused a democr demented thought and i don't think anyone can say they're for women and be associated with this kind of thought.

>> different polls show different things with the women . this new a.p. poll shows it dead even although the president in that poll was closing the gap with wen and there have been several polls if not dead even that the poll -- that the gap is getting smaller, that mitt romney has been gaining some support among women . what do you think is going on there? is it the economic issue? is the president starting to lose the economic argument?

>> i don't know why, if you look at what the president's connection is especially leadbetter where the candidate for president his disassociated himself in terms of wages that women should have especially when you talk about preconditions with insurance companies doing that. when you talk about the plight that women have had as well as minorities and to see the fairness and the concepts of which the obama program is going through, i can see why there was this overwhelming gap. i, as a man, feel embarrassed say i cannot see how possibly a woman can endorse him on the mourdock issue that he can't find the words to be eloquent enough to disassociate himself from this type of person because no person's religion is strong enough to tell them that they're going to super impose their ideas on the entire population, and i cannot do anything, but feel the outrage that i would have if i endorsed the candidate and they were spreading this type of insane idea of the pain that a woman and a child, perhaps, would have to go through as a result of me federalizing a law, criminalizing them for being a victim.

>> congressman carharlie rangel, it's great to have you here in the studio.

>> thank you for having me. you have richard mourdock and before that was todd aiken and here was joe scarborough 's take on this this morning.

>> he's not alone. you have other republicans out there saying the craziest and you're saying, what goes through their mind? do they go, you know what i want to be when i grow up? the next todd aiken . they're morons!

>> perry , you know when you again, look at this in the larger context of the narrative that's been going on, does -- do you think that this is something that is worthy of conversation or are we talking about the wrong things altogether?

>> this is certainly worthy of conversation and one of the things is todd aiken has geffen away one republican senate seat and now mourdock can officially lose ago senate seat they were counting on. that alone is important. also as we noted, obama needs to win women by ten points and he'll win the election overall and he needs to have an advantage among women voters and it moves and we have 1 million indecided voters and if it moves 1,000, 10,000 people and it is such a close election .

>> speaking of people that are out there, one of the things that joe and mika were talking about and this bust of an announcement from donald trump who said you give $ 1 million to the president who released his college transcript and here was the president on leno last night.

>> this all dates back to when we were growing up together in kenya.

>> we had constant run-ins on the soccer field . he wasn't very good.

>> yea.

>> perfect way to handle it? just a little bit of humor?

>> and the president has sort of perfected the art of needling donald trump . this isn't the first time, every time -- during the birth certificate flaps, he had funny jokes at the white house correspondents dinner , so it's just more from the president on that. it was pretty funny.

>> it is. ann cornblut, perry bacon, good to see boeing of you. thank you.

UPDATE 2-Colin Powell endorses Obama for second term - Reuters

Posted: 25 Oct 2012 08:32 AM PDT

Thu Oct 25, 2012 11:28am EDT

* Powell says country should stay on the track it is on

* Says Romney's foreign policy a "moving target"

* Former Bush official also cites education, economy

By Susan Heavey

WASHINGTON, Oct 25 (Reuters) - Former U.S. Secretary of State Colin Powell on Thursday endorsed Barack Obama's bid for re-election, citing the Democratic president's efforts to wind down the war in Afghanistan and tackle terrorism.

"I think we ought to keep on the track that we are on," the Republican, who also backed Obama in 2008, told "CBS This Morning," adding, "I voted for him in 2008 and I plan to stick with him in 2012."

The move comes just days after Obama and Republican challenger Mitt Romney clashed over foreign policy in the third and last presidential debate ahead of the Nov. 6 election.

Polls show Obama and Romney neck and neck. A Reuters/Ipsos online tracking poll gave Romney a 1-point edge on Wednesday, 47 percent to Obama's 46 percent.

Obama's campaign was quick to promote the endorsement in a video statement released about 30 minutes after Powell's appearance.

The president called Powell on Thursday to thank him for his endorsement, White House spokesman Jay Carney later told reporters aboard Air Force One heading from Florida to Virginia.

Powell criticized Romney's foreign policy as inconsistent and questioned the former Massachusetts governor's ability to address the deficit and looming defense cuts.

"I'm not quite sure which Governor Romney we'd be getting with respect to foreign policy," Powell said, calling Romney's foreign policy "a moving target."

As for the U.S. budget, he added: "It's essentially, let's cut taxes and compensate for that with other things, but that compensation does not cover all the cuts intended or the expenses associated with defense."

Powell has been critical of Romney's foreign policy advisers and has taken issue with the former business executive's stance on countries such as Russia.

A moderate Republican, Powell served under President George W. Bush. Some of Romney's advisers are more conservative veterans of the Bush administration.

"There's some very, very strong neo-conservative views that are presented by the governor that I have some trouble with," Powell said on CBS.

He added that other issues such as the economy and education also loomed large in his support for a second term for Obama.

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Rabu, 24 Oktober 2012

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KL shares firmer in early trade

Posted: 24 Oct 2012 07:06 PM PDT

KUALA LUMPUR: Share prices on Bursa Malaysia were firmer in early trading today despite negative leads from the United States
(US), indicating the local market's resilience, dealers said.

At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.9 of a point higher at 1,668.89 after opening at 1,663.47, up 0.53 of a point.

Wall Street fell between 0.2 per cent and 0.3 per cent at the closing bell last night after the US Federal Open Market Committee did not say anything new after its meeting ended last night.

The policymakers essentially reiterated that economic growth had been moderate and the unemployment rate remained elevated, hence, its monetary policy would continue to be accommodative.


"This will likely put pressure on Malaysian equities," HwangDBS Vickers Research said in a research note.

The Finance Index rose 2.03 points to 14,893.38, the FBM Ace Index was 2.42 points higher at 4,255.15 and the FBM Mid 70 Index rose 15.53 points to 12,264.94.

The Industrial Index gained 9.77 points to 2,907.51, the FBM Emas Index advanced 7.71 points to 11,344.37 and the FBMT100 added 7.55 points to 11,181.16.

However, the Plantation Index fell 7.36 points to 8,206.39.

Gainers led losers 122 to 65, with 124 counters unchanged and 1,327 untraded. Volume stood at 98.15 million shares worth RM42.16 million.

For the actives, TH Heavy Engineering gained half sen to 42.5 sen, Tiger Synergy rose two sen to 24 sen and TH Heavy Engineering added one sen to 60.5 sen.

Among heavyweights, Maybank increased one sen to RM9.01 with Sime Darby and CIMB each one sen lower at RM9.79 and RM7.63, respectively. -- BERNAMA

US stocks tumble for second day

Posted: 24 Oct 2012 07:11 PM PDT

NEW YORK: US stocks ended lower for a second day on Wednesday, as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan until the job market improves.

The S&P 500 has lost 3.6 per cent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies. The index is now down 3.9 per cent from its closing high of 1,465.77 set on September 14.

Boeing (BA.N) bucked the trend with a more optimistic outlook, but it could not break away from the rest of the market as it was pulled into negative territory in the afternoon. Shares of the defense and aerospace company, a Dow component, fell 0.2 percent to $72.71.

The Fed, in its latest policy statement, said it would keep buying $40 billion in mortgage-backed debt per month to keep interest rates low until the job picture gets better.

"Unemployment is staying where it is, new jobs are minimal, and the Fed is staying defensive," said Allan Flader, financial advisor at RBC Wealth Management, in Phoenix. "I would be surprised if they went to a neutral stance any time soon. You need to see more credible increases in employment, and it's just not happening yet."

On September 13, the Fed unveiled a third round of economic stimulus, or quantitative easing, known as QE3.

The Dow Jones industrial average .DJI shed 25.19 points, or 0.19 percent, to close at 13,077.34. The Standard & Poor's 500 Index .SPX dropped 4.36 points, or 0.31 percent, to 1,408.75. The Nasdaq Composite Index .IXIC slipped 8.77 points, or 0.29 percent, to end at 2,981.70.

After the close, shares of Best Buy Co (BBY.N) slid 6.9 percent to $15.75 after the No. 1 U.S. electronics chain warned that its fiscal third-quarter earnings and same-store sales would fall. Best Buy closed the regular session at $16.92, up 0.3 percent.

But shares of online game maker Zynga (ZNGA.O) jumped 12.7 percent to $2.40 after the bell after the company raised the lower end of its 2012 earnings outlook. In regular trading, Zynga fell 3.2 percent to close at $2.13.

During the regular session, Facebook Inc (FB.O) shares soared 19.1 percent to $23.23 a day after the social networking company's quarterly results showed a surprising surge in mobile advertising revenue.

Shares of Apple (AAPL.O), scheduled to report after Thursday's close, rose 0.6 percent to $616.83.

The day's other gainers included Dow Chemical Co (DOW.N), the largest U.S. chemical maker, which said late on Tuesday it would cut 5 percent of its work force and shut 20 plants to counter a slowing global economy. Its stock jumped 4.7 percent to $29.88.

On the down side, shares of movie rental company Netflix (NFLX.O) tumbled 11.9 percent to $60.12 after it cut its subscriber forecast, and shares of data-storage equipment maker EMC Corp (EMC.N) fell 0.9 percent to $24.46 after it cut its full-year outlook.

Eli Lilly and Co (LLY.N) and Bristol-Myers Squibb Co (BMY.N) posted lower-than-expected profit and their shares fell. Eli Lilly shares tumbled 2.7 percent to $50.50. Shares of Bristol-Myers slipped 0.6 percent to $33.05.

With results in from 186 of the S&P 500 companies, 59.1 percent have reported earnings above analysts' expectations, below the 62 percent long-term average, according to Thomson Reuters data.

For revenue, just 38.2 percent of companies have beaten analysts' expectations, while 61.8 percent have fallen short. In a typical quarter, 62 percent of companies beat estimates.

Homebuilders' stocks ranked among the session's best performers. An index of housing stocks .HGX shot up 0.7 percent. Shares of PulteGroup (PHM.N), one of the largest U.S. homebuilders, gained 0.8 percent to $17.45.

Sales of new U.S. single-family homes jumped 5.7 percent in September to the highest level in nearly 2-1/2 years, offering more evidence that the housing market's recovery is improving.

Volume was roughly 6.2 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the year-to-date average daily closing volume of 6.51 billion.

Decliners outnumbered advancers on the NYSE by a ratio of about 16 to 13. On the Nasdaq, about 14 stocks fell for every 11 that rose.

(Reporting

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GOP's Mourdock stands by rape comment - USA TODAY

Posted: 24 Oct 2012 09:28 AM PDT

Romney camp mocks Obama's 20-page plan for 2nd term, as campaigns pick up ... - Fox News

Posted: 24 Oct 2012 08:42 AM PDT

The Romney campaign on Wednesday mocked President Obama for putting out a glossy 20-page booklet laying out his second-term economic plan, describing it as a collection of recycled ideas two weeks before Election Day. 

Obama, meanwhile, returned to accusations at a campaign stop in Iowa that his Republican rival's tax plan serves the wealthy and would "stick the middle class with the bill." 

The exchange marked the opening of a marathon campaign blitz for the president, who is embarking on the busiest travel day of his 2012 campaign. The president is planning to hit five states by Thursday morning, covering 5,300 miles. 

He was going from Washington to Iowa, Colorado, California and Nevada, and then overnight to Florida. It was the first time Obama was spending the night flying on Air Force One for a domestic trip but far from unprecedented by incumbents scrambling to keep their job. 

The president on Tuesday, responding to criticism that he's spent too much time criticizing Romney and not enough time talking about what he'd do in a second term, released a 20-page booklet focusing on his second term jobs agenda. The "Blueprint for America's Future" outlined his proposals and promised to distribute millions of copies. The plan includes spending more on education, boosting U.S. manufacturing jobs and raising taxes on top earners. 

But Romney spokeswoman Andrea Saul dismissed the move. 

"With two weeks left, President Obama is kicking off yet another campaign tour and touting his 20-page brochure that he's calling an agenda," she said. "But instead of a positive vision for a second term, the president is only offering voters four more years like the last four years, with $2 trillion in higher taxes, over 700,000 fewer jobs, and $716 billion in Medicare cuts." 

Both men are making extraordinary efforts to sway the small pool of undecided voters while imploring their millions of supporters to vote, particularly in key battleground states such as Ohio and Iowa where early voting is already under way. 

Obama planned a short stop in Chicago on Thursday to cast his own vote -- the first time an incumbent president has opted for early voting. 

The election map has shrunk to no more than nine of the 50 U.S. states, and that's where both candidates will be spending virtually all of their time in the final days before the election. 

Residents in those so-called battleground states do not reliably vote either Republican or Democrat. The states assume outsized importance because the president is chosen according to state-by-state contests, not the national popular vote. 

Obama will break for an appearance Wednesday on "The Tonight Show with Jay Leno" and make calls to voters from the plane. 

Romney, too, was picking up the pace. He was campaigning Wednesday in Nevada and Iowa before a three-stop campaign in Ohio on Thursday. 

Romney told a crowd of 10,000 supporters on Tuesday that Obama's promise of more of the same is "why he's slipping and it's why we're gaining." 

Obama's campaign insisted that the president was holding on to a slight lead in most of the nine battleground states -- Nevada, Colorado, Iowa, Wisconsin, Ohio, Virginia, North Carolina, Florida and New Hampshire 

The Associated Press contributed to this report.

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Snap polls award debate to Obama - USA TODAY

Posted: 23 Oct 2012 08:25 AM PDT

Body found in recycling container is missing 12-year-old New Jersey girl ... - Fox News

Posted: 23 Oct 2012 08:22 AM PDT

  • Missing NJ Girl_Angu.jpg

    In this undated photo released by the Clayton, N.J. Police Department missing Autumn Pasquale, 12, of Clayton, N.J. is shown Authorities say Autumn Pasquale was last seen on her white bicycle on West High Street in Clayton at 12:30 p.m. Saturday, Oct. 20, 2012.AP

A body found stuffed inside a recycling container is a missing 12-year-old New Jersey girl last seen riding her bike, authorities confirmed Tuesday.

Gloucester County prosecutor Sean Dalton said the body of Autumn Pasquale was found around 10 p.m. Monday in the bin just blocks from her house and near Borough Hall, where thousands of people gathered earlier in the evening for a tearful candlelight vigil to pray for her safe return.

"The search for Autumn is over," Dalton told reporters at a news conference Tuesday.

With autopsy results pending, he did not label the death a homicide. He said the investigation was just beginning and that there were no suspects.

If someone is found responsible for the death, "they don't deserve to be walking the streets," he said.

Dalton said Clayton, N.J., where Autumn lived, is a safe community, but parents should continue to keep close watch on their children.

The girl's uncle, Paul Spadofora, gathered with other relatives at the news conference to thank the community for its help in the search. The victim's parents did not attend.

"There's evil everywhere, even in the small town of Clayton," Spadofora said.

Crime scene investigators arrived shortly before 9 a.m. at the house where the body was found. Authorities have not said where on the property the recycling bin was found.

But Tuesday was trash collection day, and many residents had dragged their trash cans and recycling bins to the curb the night before. The covered recycling bins are collected by an automated truck that picks them up and dumps the contents into the back.

Police barricaded the block, and friends and neighbors came by to see. Some mothers said they were keeping their kids out of school for the day. Even before the body was found, students reported that Spirit Week had been canceled.

One young man rode a bicycle near the scene, sat on a porch of a home and cried, then biked away.

Clayton Mayor Thomas Bianco walked to the scene, cried, hugged a police officer and gave a brief statement to the gathered reporters.

"You hear about it in other places, but never think it would happen in our little town," he said.

Howard Kowgill, 60, who lives in town and, like many, knows members of Autumn's family, said the discovery of the body changes the nature of the town.

"Until they find out who did it, you don't let your kids out," he said.

Authorities said Autumn, whose 13th birthday is next Monday, was last seen around 12:30 p.m. Saturday pedaling her white BMX bicycle away from the Clayton home where she lives with her father, her two siblings, her father's girlfriend and the girlfriend's children.

Relatives said they believed Autumn was heading to see a friend, and they became worried only after she did not return by her 8 p.m. curfew.

Sunday morning, her disappearance became not only a crisis, but a town-wide cause in Clayton, which is 25 miles south of Philadelphia. Volunteers by the hundreds joined the search, scouring malls, nearby towns and passing out fliers.

By Monday evening, officials were thanking the volunteers for their help but asking them to call it a night.

Hundreds of people returned Monday for the vigil. The girl's great-uncle spoke, saying he hoped the town could gather again a week later, with Autumn back, with candles to mark her birthday.

The Associated Press contributed to this report. 

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