Sabtu, 1 Jun 2013

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Death toll rises to nine from Oklahoma tornadoes - Reuters

Posted: 01 Jun 2013 08:41 AM PDT

Cloud to ground lightning strikes near storm chasers during a tornadic thunderstorm in Cushing May 31, 2013. Violent thunderstorms on Friday produced tornadoes in central Oklahoma that killed five people including a mother and her baby and menaced Oklahoma City and its hard-hit suburb of Moore, authorities said. REUTERS/Gene Blevins

OKLAHOMA CITY | Sat Jun 1, 2013 11:39am EDT

(Reuters) - Nine people were killed in tornadoes that swept through central Oklahoma on Friday, part of a storm system that caused widespread flooding in Oklahoma City and its suburbs, the state's chief medical examiner said on Saturday.

The dead included two children and seven adults, said Amy Elliott, a spokeswoman for the medical examiner's office. The death earlier had been reported as five.

The tornadoes struck just 11 days after a twister ranked as EF5, the most powerful ranking possible, tore through the Oklahoma City suburb of Moore and killed 24 people.

The storms dumped up to 8 inches of rain on the Oklahoma City area, causing flash flooding that submerged parts of the sprawling metropolitan area that is home to more than 1.3 million people. Nearly two dozen people were rescued from areas cut off by rising water, the National Weather Service said.

Forecasters said the severe weather would shift on Saturday into Illinois, after it also hit neighboring Missouri, where Governor Jay Nixon declared a state of emergency on Friday.

(Writing by Jane Sutton; Editing by Barbara Goldberg and Eric Walsh)

Hagel chides China for cyber-espionage - Washington Post

Posted: 01 Jun 2013 07:12 AM PDT

Delivering the keynote speech at the annual security summit here known as the Shangri-La Dialogue, Hagel said the United States is "clear-eyed about the challenges in cyber" and echoed past assertions by the Obama administration that multiplying cyberattacks on U.S. government and industry portals "appear to be tied to the Chinese government and military."

It was the latest public charge by the administration, which has concluded that calling out China publicly could curb what U.S. officials call a brazen and sophisticated quest for American secrets stored online.

"We are determined to work more vigorously with China and other partners to establish international norms of responsible behavior in cyberspace," Hagel said in a conference hall packed with Asian military officials.

China has denied Washington's accusations, most pointedly last week, when it said it did not need to steal U.S. military-hardware blueprints because it was more than capable of producing its own.

After Hagel's speech, a Chinese general took to the microphone. In unusually pointed remarks, Maj. Gen. Yao Yunzhu, the director of China-America defense relations at the Chinese military's Academy of Military Science, started with a wry remark.

"Thank you for mentioning China several times," she said to Hagel, drawing laughter and muttering. U.S. officials have long said their growing footprint in the Asia-Pacific region is not meant to offset China's military might, Yao said, but noted, "China is not convinced."

Hagel said the United States is hoping to build a more constructive relationship with China by fostering closer ties between their militaries.

"The only way you can do that is you talk to each other," Hagel said. "You have to be direct with each other."

Hagel's lengthy speech was meant to reassure allies in the region that steep defense cuts and security challenges in the Middle East and North Africa have not derailed an initiative to shift the U.S. military's attention toward Asia as it wraps up a period of messy, unpopular wars.

China's ascendance in maritime affairs, space and cyberspace has alarmed many in the region in recent years, said Patrick M. Cronin, an Asia-Pacific expert at the Center for a New American Security.

"The 2008 global financial crisis and overcommitment of U.S. forces in Iraq and Afghanistan served to accelerate the perception of China as the next superpower and the decline of America," he said. "The gradual global awakening to China's cyber-espionage heightened doubts about America's power, a foundation on which regional security has rested since the end of World War II."

America's fiscal crunch will not derail its policy goals, Hagel said.

"It is true that the Department of Defense will have fewer resources than in the past," the secretary said. "It would be unwise and shortsighted to conclude, however, that our commitment to the rebalance cannot be sustained."

U.S. military spending will continue to represent roughly 40 percent of worldwide defense expenditures "even under the most extreme budget scenarios," he added.

By 2020, Hagel said, the United States intends to base 60 percent of its naval assets in the Pacific. The Air Force, meanwhile, has stationed 60 percent of its overseas troops in the Asia-Pacific region.

The United States is working to expand its partnerships with Washington's closest allies in the region: Japan, South Korea and Australia, Hagel said. He said the U.S. defense establishment continues to produce "cutting-edge" technology from which allies can benefit.

Hagel also warned attendees about conducting "business as usual" with North Korea, a pariah state that counts China as its main ally in the region.

"The United States will not stand by while North Korea seeks to develop a nuclear-armed missile that can target the United States," he said.

Ellen Nakashima contributed to this report.

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Jumaat, 31 Mei 2013

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US stocks plunge in volatile trade

Posted: 31 May 2013 06:04 PM PDT

NEW YORK: US stocks tumbled Friday, accelerating their losses after a flurry of mixed indicators sparked volatile trade in the last session of the month.

The Dow Jones Industrial Average shed 208.96 points (1.36 per cent) at 15,115.57.

The broad-based S&P 500 dived 23.67 (1.43 per cent) to 1,630.74, while the tech-rich Nasdaq Composite lost 35.39 (1.01 per cent) at 3,455.91.

The indices plunged more than 1.0 per cent in late trade as the "fear index" measuring market volatility finished at its highest level since mid-April.

The market was hammered by "a war between the differing readings on the US economic data," said Gregori Volokhine of Meeschaert New York.

The Commerce Department reported that consumer spending dropped by 0.2 per cent last month, the first monthly fall since May 2012 and a signal that growth slowed at the beginning of the second quarter.

Offsetting that was a jump in the Chicago area PMI index to 58.7, its highest since March 2012, and the University of Michigan consumer confidence barometer, which rose to a better-than-expected 83.7, the highest since July 2007.

Jon Ogg of 24/7 WallSt. said the Chicago PMI reading was not as strong as the headline number suggested, pointing to comments from those surveyed in the region.

"The commentary from the ISM Chicago appears to be far more cautious than the numbers might have led you to believe," Ogg said.

Among top-traded stocks, insurer AIG tanked 3.8 per cent, Amazon rose 0.9 per cent and Morgan Stanley edged up 0.3 per cent.

Facebook added to its 5.3 per cent gain Thursday, rising almost 3.0 per cent on the back of analyst upgrades.

A day after their bidding war for broadband carrier Clearwire heated up, Dish Networks fell 2.5 per cent while Sprint lost 0.5 per cent. Clearwire shares dropped 0.4 per cent.

Krispy Kreme Doughnuts soared 21.5 per cent to US$17.32 after reporting a 37 per cent jump in fiscal first quarter net income and revenue up 11.2 per cent. The donuts chain also raised its forecast for the full year.

Monsanto shares plunged 4.3 per cent to US$100.64 as the US agriculture giant faced a rising protest over its genetically engineered seeds after an unapproved modified wheat strain was found on an Oregon farm.

Computer chip maker Omnivision Technologies soared 19.2 per cent after it turned in a strong jump in profits for its fiscal fourth quarter, to US$8.9 million from US$2.7 million a year earlier, on a 54 per cent climb in revenues. -- AFP

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Yanira Maldonado freed from Mexican jail - BBC News

Posted: 31 May 2013 08:47 AM PDT

Yanira Maldonado speaks to an official after leaving jail in Nogales, Mexico 31 May 2013Yanira Maldonado was returning from her aunt's funeral in Mexico

A US woman has been freed after spending a week in a Mexican jail fighting drug-smuggling charges.

Yanira Maldonado, 42, left the jail near Nogales, Mexico and crossed into the US state of Arizona on Thursday.

Mrs Maldonado had been returning to the US from a family funeral when nearly 12lb (5.4kg) of marijuana was found under her coach seat at a checkpoint.

She denied the cannabis was hers, and the charges were dismissed when a court ruled prosecutors lacked evidence.

Her husband said he was arrested first, but Mrs Maldonado pleaded to stay with him and officials arrested her instead.

Mrs Maldonado subsequently gave a tearful jailhouse interview to a US television station, and at a press conference after her release, she thanked journalists for helping to expedite her case.

Checkpoint searches

"Many thanks to everyone, especially my God who let me go free, my family, my children, who with their help, I was able to survive this test," Mrs Maldonado said.

But she pledged to return to Mexico: "It's not Mexico's fault. It's a few people who did this to me."

According to local news station KPNX-TV in Phoenix, Mrs Maldonado's conditions in prison improved as her situation became more widely publicised.

Mrs Maldonado and her husband Gary were reportedly seen in security footage boarding the coach in the Mexican city of Los Mochis, on their way home to Phoenix, Arizona.

They carried blankets, a purse and bottles of water.

The coach passed through at least two security checkpoints without a problem, but at a third checkpoint in Querobabi the passengers were ordered off the bus during the search.

According to Gary Maldonado, a man sitting behind him ran away while the search was under way.

Democrat drops out, says goal was to oust Bachmann - San Francisco Chronicle

Posted: 31 May 2013 08:47 AM PDT

ST. PAUL, Minn. (AP) — Minnesota Democratic congressional candidate Jim Graves halted his campaign Friday to replace Republican Rep. Michele Bachmann just days after she ruled out a re-election run, saying his goal had been to oust Bachmann from office.

In an email message to supporters, Graves, who narrowly lost to Bachmann last year, said he felt his primary goal of unseating Bachmann was complete even if she decided to step away voluntarily rather than face him in a rematch race.

"We set out to defeat Rep. Bachmann, and that has been accomplished. You should feel incredibly proud," he wrote to his backers. "After all, it was the grassroots movement that you built that kept the pressure on and forced Rep. Bachmann from her seat in Congress."

Bachmann made her own announcement in a Web video on Wednesday in which she tried to head off speculation that she was stepping down to avoid another tight race or because of various ethics investigations surrounding her. She hasn't spoken publicly about her decision since then.

Graves, who founded a hotel chain, narrowly lost to Bachmann in 2012. He had previously announced he would challenge Bachmann again next year if the incumbent opted to try for a fifth term. Her district is the most heavily Republican in Minnesota.

Without a polarizing figure like Bachmann opposite him on the ticket, political experts predicted that Graves would find the task of raising money and converting GOP-leaning voters to his side more difficult.

Several Republicans are weighing a run. No other Democrats have emerged yet.

Minnesota Republican Party Chairman Keith Downey said no matter whom his party chooses, the seat looks safe for the GOP.

"We have a really good chance for a Republican candidate to win that race in the general election in 2014, and apparently Jim Graves saw that as well. We agree with Jim Graves."

Heading into the 2014 campaign, Minnesota Democrats enjoy a 5 to 3 advantage over Republicans in the House delegation.

___

Associated Press writer Patrick Condon contributed to this report.

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Khamis, 30 Mei 2013

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Reports: Todashev unarmed when killed by FBI - USA TODAY

Posted: 30 May 2013 09:06 AM PDT

A Florida man with ties to Boston bombing suspect Tamarlan Tsarnaev was unarmed when he was shot to death last week while being questioned by an FBI agent, according to media reports quoting FBI and law enforcement sources.

Initially, at least one law enforcement official told USA TODAY that Ibragim Todashev, a 27-year-old ethnic Chechen, was armed with a knife or other sharp object when he violently attacked an FBI agent during questioning in Orlando.

WESH-TV reported Thursday that unidentified FBI sources now say that Todashev was unarmed.

The Orlando NBC affiliate quotes sources as saying a sword was inside the apartment, but that the weapon was moved to the corner of the room before questioning began.

The sources said, according to WESH, that when Todashev lunged, the FBI agent opened fired because he believed that Todashev could have possibly been going for his gun or the sword in the room.

The unidentified sources tell WESH that Todashev might have been lunging toward a sword, but he was not in possession of it.

The Washington Post quoted one law enforcement official, speaking on the condition of anonymity to discuss the investigation, said Wednesday that Todashev overturned a table but did not have a gun or a knife. A second official also said Todashev was unarmed, the Post reported.

An advocacy group is demanding a civil rights investigation into the death of a Chechen immigrant who was shot to death by authorities in central Florida while being questioned about his ties to one of the Boston Marathon bombing suspects. (May 30)

An official, the newspaper reported, said that according to one account of the shooting, the other law enforcement officials had just stepped out of the room, leaving the FBI agent alone with Todashev, when the confrontation occurred.

The Florida branch of the Council on American-Islamic Relations has called for a federal civil rights investigation into Todashev's death.

"We have confirmed through senior sources within the FBI that Ibragim was indeed unarmed when he was shot seven times in the head, what appear to be even in the back of the head," said Hassan Shibly, executive director of the CAIR Florida. "That's very disturbing."

Later, according to the Orlando Sentinel reported, Shibly told reporters that CAIR has an "intermediary" who said the FBI told him Todashev was unarmed. Shibly did not identify the intermediary.

Shibly, speaking to reporters in Orlando on Wednesday, said the group was calling for the independent investigation "to make sure excessive force was not used against this unarmed individual."

The FBI has been tight-lipped in its public statements on the case. At the time of the shooting, the FBI said that an agent, along with two Massachusetts State Police troopers and other law enforcement personnel, were interviewing "an individual" in connection with the Boston bombing case when "violent confrontation was initiated by the individual."

Two law enforcement officials have also told USA TODAY that Todashev was being questioned about the unsolved 2011 murders of three men in Waltham, Mass.

ABC News reported last week that Todashev was about to sign a confession to the killings when he became violent.

Todashev has not been directly implicated in the April 15 Boston Marathon bombings that killed three people and injured more than 260. The FBI has said only that Todashev, a martial arts enthusiast like Tsarnaev, knew the bombings suspect when he lived in Boston.

Tamerlan Tsarnaev, 27, and his brother, Dzhokhar, 19, were both named as suspects in the bombings. Tamerlan died three days after the April 15 bombings during a shootout with police that also left Dzhokhar injured.

Dzhokhar Tsarnaev was later captured and charged in connection with the bombings. He is being held at a prison medical center near Boston.

David Petraeus named chair of private-equity firm KKR's research arm - Newsday

Posted: 30 May 2013 07:28 AM PDT

Photo credit: AP | Retired Army general and then-CIA Director David Petraeus testifies on Capitol Hill in Washington. Kohlberg Kravis Roberts & Co. is appointing Petraeus as chairman of its newly created KKR Global Institute, the investment firm said Thursday. (Feb. 2, 2012)

David Petraeus, whose 14-month tenure as CIA director was cut short when an extramarital affair became public in November, has been hired by Kohlberg Kravis Roberts & Co., the private equity firm announced Thursday.

The retired four-star general will become chairman of the newly created KKR Global Institute, which will function as a research arm of the New York City firm and will analyze investments in the areas of public policy and regulatory, macroeconomic and technology trends, the company said.

"As the world changes and we expand how and where we invest, we are always looking to sharpen the KKR edge," Henry Kravis, co-founder and co-CEO of KKR, said in a statement.


VIDEO: Petraeus testifies on Libya | Petraeus: CIA blamed terrorists for Libya attack | Name of FBI agent in Petraeus scandal revealed
PHOTOS: Gen. David Petraeus | CIA Petraeus cartoons
MORE: Despite scandal, Petraeus still a hometown hero


In the news release, Petraeus said he was happy to become "part of a new initiative to provide additional insights to KKR's clients and companies."

Petraeus, a Cornwall-on-Hudson native and West Point graduate, also will help the firm evaluate the risks in investing in "new geographies," the company said.

In April, Petraeus accepted a one-year appointment as visiting professor of public policy at City University of New York's Macaulay Honors College in Queens.

Petraeus, who commanded U.S. forces in Iraq and Afghanistan, chronicled his career in "All In: The Education of General David Petraeus," a biography written with Paula Broadwell. After he was appointed the nation's top spy, disclosures of his affair with Broadwell forced his resignation.

Besides a bachelor's degree from the U.S. Military Academy at West Point, Petraeus also has master's and doctorate degrees from Princeton University's Woodrow Wilson School of Public and International Affairs.

KKR, which has been around for 37 years, manages assets of more than $78.3 billion. The firm has been a leader in leveraged buyouts, in which it borrows money to acquire companies it considers undervalued and then seeks to make a profit through strategies like changing management, trimming the workforce and selling off pieces of the firm.

KKR's 1989 leveraged buyout of RJR Nabisco, was chronicled in "Barbarians at the Gate: The Fall of RJR Nabisco," a book that was made into a television movie.

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Rabu, 29 Mei 2013

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US stocks fall on global growth concerns

Posted: 29 May 2013 04:32 PM PDT

NEW YORK: US stocks Wednesday closed lower amid concerns about global economic growth and the US Federal Reserve's plans for unwinding its aggressive stimulus program.

The Dow Jones Industrial Average fell 106.59 (0.69 per cent) to 15,302.80.

The broad-based S&P 500 gave up 11.70 (0.70 per cent) at 1,648.36, while the tech-rich Nasdaq Composite Index dropped 21.37 (0.61 per cent) to 3,467.52.

The losses came after the Organization for Economic Cooperation and Development trimmed its world economic growth forecast for 2013 to 3.1 per cent from 3.4 per cent.

Peter Cardillo of Rockwell Global Capital said higher US bond yields have also sapped the equity market of momentum. The yield on the 10-year bond, while slightly lower Wednesday, has crossed above 2.0 per cent in recent days for the first time since mid-March.

Smithfield Foods surged 28.4 per cent after announcing an agreement to be acquired by China's Shuanghui International in a deal valuing the US pork and meat icon at US$7.1 billion. If approved by US regulators, the deal would be one of the largest ever purchases of a US company by a Chinese entity.

In other merger and acquisition news, telecommunications firm Sprint Nextel and SoftBank received the green light for the Japanese telecom company's proposed US$20 billion takeover.

Sprint shares added 0.1 per cent. Dish Network, which launched a competing bid for Sprint, fell 2.2 per cent.

Funeral home operator Stewart Enterprises rose 33.2 per cent after competitor Service Corp. International announced a US$1.4 billion deal to acquire it.

Among the Dow members topping the loss column were pharmaceutical companies Pfizer (down 2.5 per cent) and Johnson & Johnson (down 2.2 per cent), as well as Coca-Cola (down 2.7 per cent) and McDonald's (down 2.2 per cent). -- AFP

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More moms bring home the bacon -- and men approve - Newsday

Posted: 29 May 2013 08:01 AM PDT

Photo credit: Fotolia | America's working mothers are now the primary breadwinners in a record 40 percent of households with children — a milestone in the changing face of modern families, up from just 11 percent in 1960.

Still a man's world? Check your pay stub.

A new study by the Pew Research Center found that in a record 40.4 percent of households with children, mom is the sole or primary breadwinner. That compares to 10.8 percent in 1960, according to Pew's analysis of Census Bureau data through 2011.

In the case of married couples with children, almost a quarter of women take home a bigger paycheck than their husbands compared to 3.8 percent in 1960.


PHOTOS: Forbes' 12 'Most Powerful Women'


The trends reflect growing cracks in the glass ceiling that had limited opportunities for women in the workplace and employers' hunger for workers with advanced education.

Allan Mohl, a family therapist with an office in Dobbs Ferry, said that the Hudson Valley men he sees in his practice have made a seamless transition to the new reality.

"I think men are more accepting of the fact that their wives might make more," he said. "There are actually some guys who enjoy staying at home and taking care of the kids. There's been a big shift here."

In 1960, about 16 percent of married couples had a husband who was better educated than his wife versus 7 percent where the wife had advanced further in school.

Fast forward to 2011, however, the study said, and "the pattern has flipped," with 23 percent of women who are better educated than their husbands compared to 17 percent with a husband who has an educational edge.

That educational gap has helped to narrow the wage gap, the study found, with 38 percent of women who had advanced further than their husband academically also out-earning him. That compares to 23 percent of wives who make more than their husbands when they have equivalent education.

The change in attitudes found by Mohl among men in the Hudson Valley extends to those of both sexes nationwide, according to the report.

Sixty-three percent of those surveyed in April rejected the notion that it is bad for a marriage if a wife earns more than her husband compared to 58 percent in 1997.

Mohl said he expects the change in gender roles eventually to extend to the Oval Office.

"The idea of having a woman president is no big deal anymore."

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4.6 earthquake hits off Santa Barbara coast - Los Angeles Times

Posted: 29 May 2013 08:10 AM PDT

Santa Barbara earthquake

A 4.6-magnitude earthquake struck Wednesday morning off the Santa Barbara Coast. (USGS / May 29, 2013)

A magnitude-4.6 earthquake struck off the Santa Barbara coast Wednesday morning, according to the U.S. Geological Survey.

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Selasa, 28 Mei 2013

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Bursa opens higher on persistent buying

Posted: 28 May 2013 06:48 PM PDT

Share prices on Bursa Malaysia opened higher today, driven by persistent buying support, dealers said.

At 9am, the FTSE Bursa Malaysia KLCI (FBM KLCI) opened 1.58 points higher at 1,777.74.

Market breadth was positive, with 170 gainers, 28 losers, 108 counters unchanged, 1,286 untraded, and 39 others suspended.

Turnover stood at 62.39 million shares worth RM29.45 million.

"Buying power was stronger than selling pressure," Alliance Research said, adding that, the benchmark index would likely to trade above the 1,779.64 level.

Market sentiment also increaseD in line with key regional peers after the US' Dow Jones Industrial Average was up 0.69 per cent to 15,409.39, a new all-time high as the country home prices and consumer confidence improved.

Across the region, Japan (+0.38 per cent), Indonesia (+1.79 per cent) and Hong Kong (+1.05).

On the scoreboard, the Finance Index was flat at 1,6805.74, the Plantation Index was unchanged at 8,268.68 and the Industrial Index remained at 3,006.23.

The FBM Emas Index was flat at 1,2387.97, the FBM 70 Index rose 44.39 points to 14,395.97, the FBM ACE Index was unchanged at 4,743.62 and the FBMT100 gained 25.761 points to 12,167.11.

Among actives, Luster Industries was flat at 20 sen, KNM Group rose two sen to 60.5 sen and Daya Materials added half sen to 27.5 sen.

Heavyweights, Maybank was flat at RM10.10, CIMB garnered nine sen to RM8.57 and Axiata added five sen to RM6.74. Bernama

Dow closes at new high

Posted: 28 May 2013 04:26 PM PDT

NEW YORK: The Dow closed at a new all-time high Tuesday after strong gains in US home prices and consumer confidence boosted stocks.

The Dow Jones Industrial Average was up 106.29 (0.69 per cent) at 15,409.39, a new all-time high.

The S&P 500 put on 10.46 (0.63 per cent) at 1,660.06, while the Nasdaq Composite Index added 29.75 (0.86 per cent) at 3,488.89.

The widely watched S&P/Case-Shiller index of US home prices showed the price of a home in the 20 largest cities rose 10.9 per cent in the year to March, the largest year-on-year increase since 2006.

Consumer confidence in the US surged to 76.2 in May, up from 69.0 in April, hitting the highest level since February 2008.

Stocks were also boosted by greater confidence that the Federal Reserve would maintain its bond-buying program and relief that Japan's stock market rose Tuesday, said Art Hogan of Lazard Capital Markets.

"It's a great way to start the week," Hogan said, after markets were closed Monday for a public holiday. "We're going to need a string of good data, not just two points" before stocks go significantly higher, he added.

Utility firm Exelon sank 7.5 per cent after Deutsche Bank downgraded it to "hold" amid expectations for lower power prices from surging supply.

Similarly, FirstEnergy plummeted 6.5 per cent after Credit Suisse downgraded the firm, citing an electricity auction that exposed an industry with "poor discipline by incumbent generators" and "crushing" new capacity that will "inevitably leave energy and capacity prices weak."

Other utilities also fell, but not as steeply. NRG gave up 3.7 per cent, American Electric Power dropped 2.4 per cent, Duke Energy retreated 1.6 per cent and PPL Corp. dipped 1.7 per cent.

Video and live-streaming company Netflix gave up 6.4 per cent after the return of the "Arrested Development" show garnered mixed reviews.

Luxury jeweller Tiffany jumped 4.0 per cent after reporting 70 cents per share in earnings, well above the 52 cents forecast. -- AFP

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