Jumaat, 16 Ogos 2013

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US stocks easier in choppy trading

Posted: 16 Aug 2013 06:51 PM PDT

NEW YORK: US stocks on Friday closed out a choppy day of trade on a negative note following a mixed batch of economic data and a big jump in bond yields.

The Dow Jones Industrial Average fell 30.72 (0.20 per cent) to 15,081.47.

The broad-based S&P 500 declined 5.49 (0.32 per cent) to 1,655.83 while the tech-rich Nasdaq Composite Index slipped 3.34 (0.09 per cent) to 3,602.78.

All three indices veered in and out of positive territory throughout the day, steadying somewhat after sharp declines Thursday.

Several analysts flagged a steep rise in Treasury bond yields for a second straight day on Friday as a worry. The yield on the 10-year Treasury rose from 2.76 per cent Thursday to 2.83 per cent.

New housing starts data showed spending up last month to an annualized pace of 896,000 units, up from 846,000 in June.

But analysts were disappointed by a consumer confidence report that showed weaker sentiment in August than July.

"The economic news was obviously mixed," said Peter Cardillo of Rockwell Capital Management.

Computer maker Dell rose 0.8 per cent after a Delaware court cleared a September 12 shareholder vote on the proposal led by founder Michael Dell to take the company private, rebuffing an effort by Carl Icahn to challenge the proposal.

Dell meanwhile reported a 72 per cent drop in second-quarter profits due to falling PC sales.

Applied Materials, which provides equipment and software to high-tech sectors, rose 1.9 per cent after promoting president Gary Dickerson to chief executive. Company earnings came in one cent shy of the expected 19 cents per share.

Nordstrom became the latest retailer to disappoint investors, dropping 4.9 per cent after besting expectations for second-quarter profit, but trimming its full-year business forecast.

The department store operator now expects a total sales increase of 3-4 per cent for the year compared to 4-6 per cent in its previous outlook.

Pandora added 2.5 per cent after Goldman Sachs upgraded the stock to "buy." Goldman cited higher advertising revenues per listener hour and said fears about competition from Apple and others are already priced in, Barron's reported.

Food company General Mills fell 2.3 per cent after Jefferies downgraded the stock to "underperform," flagging fears the company's cuts to its advertising and media spending will result in lower sales. -- AFP

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NSA statements to The Post - Washington Post

Posted: 16 Aug 2013 09:07 AM PDT

Aug. 14

In July 2012, Director of National Intelligence [James R.] Clapper declassified certain statements about the government's implementation of Section 702 in order to inform the public and congressional debate relating to reauthorization of the FISA Amendments Act (FAA). Those statements acknowledged that the Foreign Intelligence Surveillance Court (FISC) had determined that "some collection carried out pursuant to the Section 702 minimization procedures used by the government was unreasonable under the Fourth Amendment."

The FISC's finding was with respect to a very specific and highly technical aspect of the National Security Agency's 702 collection. Once the issue was identified and fully understood, it was reported immediately to the FISC and Congress. In consultation with the FISC, the Department of Justice, NSA, and the Office of the Director of National Intelligence worked to address the concerns identified by the FISC by strengthening the NSA minimization procedures, thereby enhancing privacy protections for U.S. persons. The FISC has continued to approve the collection as consistent with the statute and reasonable under the Fourth Amendment.

Aug. 12

Obama administration statement on 'compliance incident' statistics.

The NSA communications office, in coordination with the White House and Director of National Intelligence, declined to answer questions about the number of violations of the rules, regulations and court-imposed standards for protecting the privacy of Americans, including whether the trends are up or down. Spokesmen provided the following prepared statement.

Looking over a 3-year period that includes the 1st first quarter 2010 through second quarter 2013, the data for that quarter are above the average number of incidents reported in any given quarter during that period. The number of incidents in a given quarter during that 3-year period ranged from 372 to 1,162. A variety of factors can cause the numbers of incidents to trend up or down from one quarter to the next. They include, but are not limited to: implementation of new procedures or guidance with respect to our authorities that prompt a spike that requires "fine tuning," changes to the technology or software in the targeted environment for which we had no prior knowledge, unforeseen shortcomings in our systems, new or expanded access, and "roaming" by foreign targets into the U.S., some of which NSA cannot anticipate in advance but each instance of which is reported as an incident. The one constant across all of the quarters is a persistent, dedicated effort to identify incidents or risks of incidents at the earliest possible moment, implement mitigation measures wherever possible, and drive the numbers down.

An NSA interview, rewritten

The Obama administration referred all questions for this article to John DeLong, the NSA's director of compliance, who answered questions freely in a 90-minute interview. DeLong and members of the NSA communications staff said he could be quoted "by name and title" on some of his answers after an unspecified internal review. The Post said it would not permit the editing of quotes. Two days later, White House and NSA spokesmen said that none of DeLong's comments could be quoted on the record and sent instead a prepared statement in his name. The Post declines to accept the substitute language as quotations from DeLong. The statement is below.

We want people to report if they have made a mistake or even if they believe that an NSA activity is not consistent with the rules. NSA, like other regulated organizations, also has a "hotline" for people to report — and no adverse action or reprisal can be taken for the simple act of reporting. We take each report seriously, investigate the matter, address the issue, constantly look for trends, and address them as well — all as a part of NSA's internal oversight and compliance efforts. What's more, we keep our overseers informed through both immediate reporting and periodic reporting. Our internal privacy compliance program has more than 300 personnel assigned to it: a fourfold increase since 2009. They manage NSA's rules, train personnel, develop and implement technical safeguards, and set up systems to continually monitor and guide NSA's activities. We take this work very seriously.

Hannah Anderson makes first public appearance since her rescue - CBS News

Posted: 16 Aug 2013 06:29 AM PDT

Hannah Anderson, the 16-year-old teen who was rescued Saturday from her alleged abductor following a multi-state manhunt, made her first public appearance since her ordeal.

On Thursday afternoon, Anderson attended a fundraiser in the San Diego community of Lakeside where she lived with her mother and brother -- both of whom were killed on August 4 prior to Anderson being allegedly kidnapped by family friend James DiMaggio. DiMaggio was killed in a shootout with police Saturday in Idaho.

Hannah Anderson made her first public appearance since her kidnapping ordeal in San Diego on August 15, 2013.

/ CBS News

The Lakeside Boll Weevil restaurant was holding a fundraiser with 20 percent of the sales going to the Anderson family.

Wearing sunglasses, Hannah Anderson emerged out from a car and was quickly ushered into the restaurant away from the media. She offered no comment.

Later, Anderson's father, Brett, emerged and spoke to reporters. "This is a small community that we are a part of. The community came together putting on this great fundraiser for Hannah... and this is how Lakeside rolls. So I just wanted to say how much we appreciate it from everybody, the community, family, friends for being here ... and local sheriffs and law enforcement."

Hannah Anderson's father, Brett Anderson, spoke to the media as a fundraiser was being held in the San Diego community of Lakeside.

/ CBS News

Brett Anderson said he spoke with the horsemen - who spotted Hannah that led to her being found in Idaho -- by phone and thanked them.

"It was a chance encounter, but it did save my daughter's life. Other than that, Hannah sends her love. She's doing good day by day, and we'll just keep moving forward from there."

Meanwhile, search warrants unsealed Wednesday revealed that DiMaggio tortured Hannah Anderson's mother and brother before killing them. The warrants do not describe the torture, but indicate that, when firefighters arrived at the property, they first discovered Christina Anderson's body after noticing a pair of human feet sticking out underneath a green tarp in the garage. She was face-down and a crowbar was by her head, reports CBS San Diego affiliate KFMB-TV.

DiMaggio and Hannah Anderson exchanged about 13 calls before Hannah was picked up from cheerleading practice on Aug. 4. Both phones were turned off, and the home burned several hours later.

10 Photos

Calif. teen rescued in Idaho wilderness

DiMaggio, 40, was like an uncle to the children and close to the parents for nearly two decades. The warrants describe how DiMaggio took Hannah on multi-day trips, most recently to Malibu and Hollywood.

Since her rescue, Anderson supposedly made online postings Monday evening in which she fielded questions on social media about herself and her ordeal. A mother of a close friend of Anderson confirmed the postings were from the teen. CBS News reached out to both Anderson's family and the San Diego Sheriff's Department. Neither denied that the online account is hers. It appears to be authentic because Anderson posted pictures of herself and had conversations before she was kidnapped.

When asked if she preferred DiMaggio would have been sentenced to prison for life instead of being killed by authorities, Anderson said, "He deserved what he got."

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Khamis, 15 Ogos 2013

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FTSE Bursa Malaysia update: 9.30 a.m.

Posted: 15 Aug 2013 06:55 PM PDT

[unable to retrieve full-text content]KUALA LUMPUR: At 9.30 a.m. today, there were 122 gainers, 263 losers and 181 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,789.28 down 2.93 points, the FBMACE was at 5,387.44 down 25.13 points, and the FBMEmas was at 12,485.12 down 20.06 points. Turnover was at 273.686 million shares valued at RM157.123 million. -- BERNAMA

Ringgit opens higher against US dollar

Posted: 15 Aug 2013 06:58 PM PDT

[unable to retrieve full-text content]KUALA LUMPUR: The ringgit opened higher against the US dollar in early trading today as the greenback slide from recent gains against major currencies following mixed economic data from the US, dealers said. The local currency, however, weakened against other major currencies with strong interest for the Singapore dollar and positive signs of the recovery in the euro-zone economy. The ringgit rose against the US dollar to 3.2745/2775 from 3.2750/2780 yesterday. The local currency eased against the Singapore dollar to 2.5804/5838 from 2.5791/5823 and weakened against the yen to 3.3647/3888 from 3.3453/3500 Thursday. The ringgit was also traded lower against the British pound to 5.1197/1257 from 5.1011/1071 and was easier against the euro at 4.3718/3764 from 4.3518/3568 yesterday. -- BERNAMA
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Obama cancels US-Egypt military exercises - USA TODAY

Posted: 15 Aug 2013 09:25 AM PDT

President Obama said Thursday his government "strongly condemns" violence in Egypt, and he is canceling U.S.-Egyptian military exercises that had been scheduled for next month.

Speaking from his vacation home on Martha's Vineyard, Mass., Obama did not suspend any other form of aid to Egypt; he said continued U.S. "engagement" with the military government in Cairo will help it transition back to democracy.

"But while we want to sustain our relationship with Egypt, our traditional cooperation cannot continue as usual when civilians are being killed in the streets and rights are being rolled back," Obama said.

The president also did not describe the military's removal of President Mohammed Morsi last month as "a coup," a declaration that would require ending U.S. aid to Egypt that adds up to about $1.3 billion a year.

The U.S. and Egypt had joint military maneuvers known as "Bright Star" scheduled for mid-September. Obama said they cannot go on given the violence that has claimed at least 500 lives and injured thousands more.

In the past, Bright Star has been held every two years, though the 2011 exercises were canceled because of that year's removal of President Hosni Mubarak.

Obama, who met with his national security team on Thursday, said he has asked aides to assess "further steps we may take" if Egypt's interim government does not honor pledges to conduct new elections as soon as possible and restore a democratic government.

STORY: Death toll rises in crackdown

Some lawmakers are urging the Obama administration to cut off aid to Egypt now.

"President Obama says he deplores violence in Egypt, but the foreign aid continues to help pay for it," tweeted Sen. Rand Paul, R-Ky., a potential presidential candidate in 2016.

The president spoke a day after Egypt's interim government used force to clear encampments created by backers of the ousted Morsi. The action triggered violent clashes throughout the country. The interim government has declared a nationwide state of emergency and a nighttime curfew.

The two sides in Egypt are offering vastly different estimates of the death toll. The government says more than 500 have died in the violence; the Muslim Brotherhood, the organization that includes Morsi, puts the death count at more than 2,500.

In his brief remarks to reporters, Obama made clear he does not want to cut ties to Egypt, saying its relationship with the United States "goes back decades." The U.S. has long seen Egypt as a bulwark of stability in the Middle East, and treasures its peace treaty with Israel, he said.

Obama applauded the desire of the Egyptian people for freedom and democracy after the fall of Mubarak and said he has long known that change would not come "quickly or easily." The U.S. also appreciates "the complexity" of the current situation in Egypt, he said.

The Morsi government, while democratically elected, "was not inclusive and did not respect the views of all Egyptians," Obama said, noting that millions of citizens supported his removal.

While the interim military government promised a restoration of democracy, Obama said that it has now taken "a more dangerous path" that includes "arbitrary arrests, a broad crackdown on Mr. Morsi's associations and supporters, and now, tragically, violence that's taken the lives of hundreds of people and wounded thousands more."

Members of both the interim government and Morsi supporters accused the Obama administration of supporting the other side, but Obama said the United States isn't taking any side.

"We want a peaceful, democratic, prosperous Egypt," Obama said. "That's our interest. But to achieve that, the Egyptians are going to have to do the work."

After his speech, Obama went to play golf at Mink Meadows Golf Club. He is scheduled to return from his week-long vacation on Martha's Vineyard on Sunday.

Morsi supporters call for protest marches as crackdown death toll rises - Washington Post

Posted: 15 Aug 2013 09:26 AM PDT

Interrupting his vacation in Martha's Vineyard to address the Egyptian crisis, President Obama announced the cancellation Thursday of next month's joint military exercises with Egypt, while leaving more than $1 billion in annual military aid in place, as the United States reviews its relations with the most populous Arab nation in the wake of the violence.

Morsi supporters set fire to two local government buildings in Giza, a city across the Nile River from Cairo that is home to the Pyramids, the Associated Press reported.

The Muslim Brotherhood, which backs Morsi, urged followers to demonstrate late Thursday afternoon in Cairo's Nasr City district not far from the Rabaa al-Adawiya mosque, scene of some of the worst violence Wednesday. The Brotherhood issued the call in defiance of a state of emergency declared by the military-backed interim government, which took power following a July 3 coup that deposed the country's first democratically elected president after a tumultuous year in office.

The Egyptian Health Ministry said Thursday that at least 525 people were killed and more than 3,700 injured in Cairo and other cities and towns in Wednesday's violence. It began when security forces used bulldozers, tear gas and gunfire in an early morning assault to clear two pro-Morsi encampments in the capital, sparking violent reactions elsewhere. The Interior Ministry said the dead included 43 members of police forces.

It was the deadliest day in Egypt since the 2011 uprising that toppled autocrat Hosni Mubarak, and the fallout dealt a further blow to the prospect that the country might resume its path toward democracy. At least 37 died in clashes in the conservative oasis town of Fayoum; the tolls from other cities were not immediately available.

By nightfall, the interim government had declared a month-long state of emergency, and Mohamed ElBaradei, the Nobel Peace Prize winner and vice president, had tendered his resignation in protest over the bloody crackdown.

The United States strongly condemned the violence Wednesday and said it would hold the interim Egyptian government accountable for its promises of a speedy transition to a democratically elected civilian administration. Washington also criticized the imposition of a state of emergency.

Speaking publicly about Egypt on Thursday, Obama said the U.S. military is canceling the joint Bright Star exercises scheduled for next month in the Sinai Peninsula. He said further steps could be taken if the violence continues.

The biennial exercises were also canceled in 2011 in the wake of the revolution that ousted Mubarak.

Obama said that because of "our national security interest in this pivotal part of the world and our belief that engagement can support a transition back to a democratically elected civilian government," the United States has maintained "commitment to Egypt and its people," which includes $1.3 billion in annual U.S. military aid.

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Rabu, 14 Ogos 2013

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FTSE Bursa Malaysia update: 9 a.m.

Posted: 14 Aug 2013 06:36 PM PDT

KUALA LUMPUR: At 9 a.m. today, there were 148 gainers, 168 losers and 195 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,794.62 up 0.89 of a point, the FBMACE was at 5,422.15 up 5.01 points, and the FBMEmas was at 12,523.97 up 0.48 of a point.

Turnover was at 333.666 million shares valued at RM147.038 million. -- BERNAMA

Bursa rises on rotational play

Posted: 14 Aug 2013 07:22 PM PDT

KUALA LUMPUR: Share price on Bursa Malaysia opened marginally lower but rose thereafter lifted by rotational trading in lower liners, dealers said.

At 9.31 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was up 0.66 of-a-point at 1,794.39, after opening 0.94 of-a-point lower at 1,92.79.

A dealer said while profit-taking should see blue chips checking recent gains, the strong buying momentum trend should boost rotational trading on lower liners.

"On the index, a convincing breakout above the 1,800 psychological level will meet the next hurdle at 1,814," he said.

On the scoreboard, the Plantation Index gained 29.82 points to 8,364.82, the Industrial Index lost 1.19 points to 3,030.7 and the Finance Index fell 5.609 points to 17,081.63.

The FBM Emas Index slipped 1.391 points to 12,522.1, the FBM100 Index dropped 1.01 points to 12,247.5 and the FBM 70 Index shed 23.84 points to 14,405.68.

Losers led gainers 175 to 149, with 195 counters unchanged, 1,054 untraded and 11 other were suspended.

Turnover totalled 348.1 million shares worth RM150.03 million.

Among actives, Astral Supreme added 1.5 sen to 28.5 sen, Sumatec Resources gained two sen to 61.5 sen, Flonic climbed half-a-sen to 19 sen but The Media Shoppe and MAS were both unchanged at 10.5 sen and 34 sen, respectively.

Heavyweights, CIMB garnered seven sen to RM8.16, Sime Darby added one sen to RM9.49, Maybank and Axiata dropped four sen each to RM10.46 and RM6.89, respectively, and Petronas Chemicals lost two sen to RM6.60. -- BERNAMA

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Egyptian security forces raid pro-Morsi camps in Cairo, while violence across ... - Fox News

Posted: 14 Aug 2013 09:06 AM PDT

Clashes between security forces and pro-Morsi protesters across Egypt have left more than 100 dead and hundreds injured Wednesday, the country's health ministry said, while police in riot gear and armored vehicles bulldozed two protest camps in Cairo.

Egypt's Health Ministry said 149 people were killed and the state news agency MENA quoted a spokesman saying 1,403 people were wounded, according to Reuters.

Khaled el-Khateeb, an Egyptian Health Ministry official, earlier told the Associated Press that at least 28 people were killed in Cairo, 25 in Minya province south of the capital and one each in the cities of Alexandria, Assiut and Ban Suef. Sky News cameraman Mick Deane and Gulf News reporter Habiba Ahmed Abd Elaziz were among the dead. 

The violence prompted Egypt's Interim President, Adly Mansour, to declare a month-long state of emergency and curfew on Cairo and 10 provinces, ordering the armed forces to support the police in efforts to restore law and order and protect state facilities.

The White House and several European leaders criticized the crackdown.

White House spokesman Josh Earnest, speaking at Martha's Vineyard, Mass., where President Obama is vacationing, said the world is watching what is happening in Egypt and it is "time for them to get back on a path of respecting the basic rights of their people."

The camps that were cleared Wednesday in Cairo had been the catalyst of protests since former President Mohammed Morsi was overthrown by Egypt's military on July 3, with thousands calling for his reinstatement.

The Muslim Brotherhood's political arm, which backs Morsi, claimed that more than 500 protesters were killed and some 9,000 wounded in the two camps, but those figures could not be confirmed and nothing in Associated Press footage or local TV networks suggested such a high death toll.

Army troops did not take part in the two Cairo operations, but provided security. Police and army helicopters hovered over both sites as plumes of smoke rose over the city skyline hours after the police launched the simultaneous actions shortly after 7 a.m. local time.

"At 7 a.m. they came. Helicopters from the top and bulldozers from below. They smashed through our walls. Police and soldiers, they fired tear gas at children," Saleh Abdulaziz, a 39-year-old teacher, told Reuters."They continued to fire at protesters even when we begged them to stop."

A Reuters correspondent said pools of blood were everywhere, with dozens of people lying in the street after suffering bullet and birdshot wounds.

The smaller of the two camps was cleared of protesters by late morning, with most of them taking refuge in the nearby Orman botanical gardens, inside the sprawling campus of Cairo University and the zoo.

An Associated Press reporter at the scene said security forces were chasing the protesters inside the zoo. At one point, a dozen protesters, mostly men with beards wearing traditional Islamist garb, were seen handcuffed and sitting on a sidewalk under guard outside the university campus. The private ONTV network showed firearms and rounds of ammunition allegedly seized from protesters there.

Security forces later stormed the larger camp in the eastern Cairo district of Nasr City.

An Associated Press television video journalist there said he could hear the screams of women as a cloud of white smoke hung over the protest encampment. He said a bulldozer was removing mounds of sand bags and brick walls built earlier by the protesters as a defense line in their camp.

An alliance of pro-Morsi groups said the 17-year-old daughter of senior Muslim Brotherhood Mohammed el-Beltagy, Asmaa Mohammed el-Beltagy, was killed in the Nasr City raid. 

Islam Tawfiq, a Brotherhood member at the Nasr City sit-in, said that the camp's medical center was filled with dead bodies and that the injured included children.

"No one can leave and those who do are either arrested or beaten up," he told the Associated Press.

The pro-Morsi Anti-Coup alliance claimed that security forces used live ammunition in the raid, but the Interior Ministry, which is in charge of the police, said its forces only used tear gas and that they came under fire from protesters.

The Anti-Coup Alliance also said in a statement that 25 were killed at the Nasr City site, while the Muslim Brotherhood claims that 30 people had died there.

The Interior Ministry warned that forces would deal firmly with protesters who were acting "irresponsibly," suggesting that it would respond in kind if its men are fired upon. It said it would guarantee safe passage to all who want to leave the Nasr City site but would arrest those wanted for questioning by prosecutors.

Elsewhere in Cairo, police fired tear gas to disperse Morsi supporters who wanted to join the Nasr City camp after it came under attack. State TV also reported that a police captain had been abducted by pro-Morsi protesters in the area, but there was no official statement about that.

El-Beltagy called on the police and army troops to mutiny against their commanders and on Egyptians to take to the streets to show their disapproval of the raids.

"Oh, Egyptian people, your brothers are in the square ... Are you going to remain silent until the genocide is completed?" said el-Beltagy, who was arrested after Egyptian police cleared an area around the Rabaa al-Adawiya mosque, security officials told Reuters.

Regional television networks were showing images of collapsed tents and burning tires at both sites, with ambulances on standby. They were also showing protesters being arrested and led away by black-clad policemen.

A security official, speaking on condition of anonymity because he was not authorized to speak to the media, said a total of 200 protesters have been arrested from both sites.

Other clashes broke out between Morsi supporters and security forces in the Mediterranean port city of Alexandria, the Nile Delta provinces of Beheira, Sharqiya and Gharbiyah and in the oasis region of Fayoum southwest of Cairo.

In the town of Marsa Maturh, along Egypt's northwest coast, police fired tear gas to break up hundreds of stone-throwing protesters in front of the regional government's headquarters, Reuters reports.

Churches belonging to Egypt's minority Coptic Christians were torched in three southern provinces — Minya, Assiut and Sohag. In the city of Bani Suef south of Cairo, protesters set three police cars on fire. Farther south in the Islamist stronghold of Assiut, police used tear gas to disperse thousands of Morsi supporters gathered in the city center.

The Egyptian Central Bank instructed commercial banks to close branches in areas affected by the chaos, a sign of alarm that the violence could spiral out of control. 

An official who declined to be named told Reuters that the banks and the Egypt's stock exchange will remain closed on Thursday.

Morsi, Egypt's first freely elected president, had just completed one year in office when he was toppled. He has largely been held incommunicado, but was visited by the European Union's foreign policy chief Catherine Ashton and an African delegation. Ashton reported that he was well and had access to television and newspapers.

Several bids by the United States, the European Union and Gulf Arab states to reconcile the two sides in Egypt in an inclusive political process have failed, with the Brotherhood insisting that Morsi must first be freed along with several of the group's leaders who have been detained in connection with incitement of violence.

The trial of the Brotherhood's leader, Mohammed Badie, and his powerful deputy Khairat el-Shater on charges of conspiring to kill protesters is due to start later this month. Badie is on the run, but el-Shater is in detention. Four others are standing trial with them on the same charges.

The Associated Press contributed to this report.

Officials: UPS cargo jet crashes in Ala.; 2 killed - Boston.com

Posted: 14 Aug 2013 08:18 AM PDT

BIRMINGHAM, Ala. (AP) — A UPS cargo plane crashed and burned Wednesday morning on the outskirts of an Alabama airport, killing two crew members and scattering boxes and charred debris across the grassy field, officials said.

The pilot and co-pilot of the jet were pronounced dead at the scene, said Birmingham Fire Chief Ivor Brooks. The crash site had been burning, but the blaze was extinguished by late morning, Brooks said.

The plane crashed in an open field on the outskirts of Birmingham-Shuttlesworth International Airport, said Toni Herrera-Bast, a spokeswoman for the city's airport authority. The crash had not affected airport operations, though it did appear to topple a tree and a utility pole.

The top was broken out of the tree and there are pieces of a utility pole and limbs in the road. Nearby, grass was blackened near the bottom of a hill. A piece of the fuselage and an engine are visible on the crest of the hill. White smoke was pouring from the other side of the hill.

It was not immediately known what the plane was carrying; UPS spokesman Jeff Wafford said only that the plane was carrying a variety of cargo.

Sharon Wilson, who lives near the airport, said she was in bed before dawn when she heard what sounded like engines sputtering as the plane went over her house.

''It sounded like an airplane had given out of fuel. We thought it was trying to make it to the airport. But a few minutes later we heard a loud 'boom,''' she said.

Another resident, Jerome Sanders, lives directly across from the runway. He said he heard a plane just before dawn and could see flames seconds before it crashed.

''It was on fire before it hit,'' Sanders said.

At 7 a.m. Wednesday, conditions in the area were rainy with low clouds. About 45 minutes later, smoke was still rising from the scene, where a piece of the plane's white fuselage lay near a blackened area on the ground.

''The plane is in several sections,'' said Birmingham Mayor William Bell, who was briefed on the situation by the city's fire chief. ''There were two to three small explosions, but we think that was related to the aviation fuel.''

''As we work through this difficult situation, we ask for your patience, and that you keep those involved in your thoughts and prayers,'' Atlanta-based UPS said in a statement.

Previously, a UPS cargo plane crashed on Sept. 3, 2010, in the United Arab Emirates, just outside Dubai. Both pilots were killed. Authorities there blamed the crash on its load of between 80,000 to 90,000 lithium batteries, which are sensitive to temperature. Investigators found that a fire on board likely began in the cargo containing the batteries.

The Airbus A300 that had taken off from Louisville, Ky., crashed around 5 a.m. CDT about a half-mile from the runway, said Federal Aviation Administration spokeswoman Kathleen Bergen said.

Airbus said in a news release that the plane was built in 2003 and had logged about 11,000 flight hours over 6,800 flights.

The A300 was Airbus' first plane, and the type first flew in 1972. American Airlines retired its last A300 in 2009, and no U.S. passenger airlines have flown it since then. Airbus quit building them in 2007 after making a total of 816 A300 and A310s.

___

Associated Press writers Becky Yonker and Bruce Schreiner in Louisville, Ky., Jeff Martin in Atlanta and Josh Freed in Minneapolis contributed to this report.

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

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Selasa, 13 Ogos 2013

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FTSE Bursa Malaysia update: 9.30am

Posted: 13 Aug 2013 06:38 PM PDT

KUALA LUMPUR: At 9.30 a.m. today, there were 201 gainers, 99 losers and 246 counters traded unchanged on the Bursa Malaysia.

The FBM-KLCI was at 1,797.37 up 2.28 points, the FBMACE was at 5,364.50 up 11.47 points, and the FBMEmas was at 12,544.01 up 15.95 points.

Turnover was at 398.379 million shares valued at RM175.718 million. -- BERNAMA

Bursa extends gains at opening

Posted: 13 Aug 2013 06:44 PM PDT

KUALA LUMPUR: Stocks extended gains at opening today, riding on yesterday's bullish momentum, shored up by firmer regional markets amid hopes for further stimulus to stabilise the Chinese and Japanese economies, dealers said. At 9.05 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.02 points to 1,800.11, after opening 4.86 points higher at 1,799.95.

HwangDBS Vickers Research said riding on a two-day cumulative gain of 15.8 points or 0.9 per cent, the benchmark index appears technically ready to challenge the psychological barrier ahead.

"1,800 could be the resistance level that the FBM KLCI is targeting to breach next," it said in a note today.

The research house said providing a further boost to sentiments will be the positive vibe from external front whereas leading US equity indices rose between 0.2 per cent and 0.4 per cent aided by a better retail sales report.

On the scoreboard, the Plantation Index gained 5.641 points to 8,336.57, the Industrial Index rose 16.1 points to 3,050.32 and the Finance Index garnered 27.35 points to 17,097.79.

The FBM Emas Index firmed 30.881 points to 12,558.94, the FBM100 Index advanced 28.59 points to 12,284.56 and the FBM 70 Index gained 10.21 points to 14,441.01.

Gainers outpaced losers 136 to 36, with 137 counters unchanged, 1,264 untraded and 11 suspended.

Turnover totalled 141.48 million shares worth RM62.37 million.

Among actives, MAS added 1.5 sen to 33 sen, TH Heavy Engineering gained five sen to 93.5 sen and Astral Supreme earned one sen to 26.5 sen. Asia Media and Luster Industries were unchanged at 16 sen and 10.5 sen, respectively.

Heavyweights, CIMB added three sen to RM8.10, Axiata gained one sen to RM6.94, Sime Darby earned four sen to RM9.52 and Petronas Chemicals improved two sen to RM6.63. Maybank was unchanged at RM10.48. -- BERNAMA

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