Tuesday, January 29, 2013

TSX closes higher as CP Rail, gold stocks climb

TORONTO (Reuters) - Canada's main stock index climbed on Tuesday, lifted by Canadian Pacific Railway Ltd's profit outlook and a rally in gold shares, which rose with the price of the precious metal as investors speculated on U.S. Fed actions.

Canadian Pacific said its aggressive efficiency push would pay off in a 40 percent increase in earnings this year, sending its shares to an all-time high. The stock climbed 3.1 percent to C$116 .22.

Gold rose on short-covering and expected continuation of loose U.S. monetary policies.

The gains were, however, kept in check by a fall in financials and a 3.4 percent decline in Research In Motion Ltd shares, triggered by investor caution ahead of the BlackBerry 10 launch on Wednesday.

The market pullback follows a recent rally in the stock in the run-up to the launch.

"Tomorrow is the big day. But it will be sometime before it's discernible whether or not it is in fact the great success they're hoping for," said Michael Sprung, president of Sprung Investment Management.

"It's a coin toss. At the end of the day, no one can predict the success of BB10. It's a speculative stock," he added.

The Toronto Stock Exchange's S&P/TSX composite index <.gsptse> was up 14.65 points, or 0.11 percent, at 12,830.56. Seven of the 10 main sectors on the index advanced.

While the Fed is not expected to change its stance after deciding only in December to loosen conditions further, investors are watching to see if changes in the membership of the policy-setting committee for 2013 could signal a shift in the future.

"The expectation is that little will change other than probably some comment with respect to the eventual exit (from the stimulus). Right now it will be a reaffirmation of the low interest rate policy," said John Ing, president of Maison Placements Canada.

He said his expectation for the gold sector this year is quite bullish. "Gold has been pretty good refuge in order to maintain, to hedge the depreciation in the value of currencies," he said.

The materials sector, which includes mining stocks, played the biggest role in leading the market higher, rising 0.7 percent. The group was boosted by a 0.5 percent rise in gold prices.

Goldcorp Inc rose 1.7 percent to C$36.11, and Yamana Gold added 2.7 percent to C$16.65.

CP Rail helped the industrials sector gain 0.9 percent.

(Editing by Dan Grebler)

Source: http://news.yahoo.com/tsx-may-open-lower-fomc-eyed-134417739--sector.html

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Monday, January 28, 2013

How Small Business Can Beat Walmart - Business Insider

Marc Andreessen, the legendary cofounder of Netscape turned tech investor, says workplace apps that run on the Internet are making small businesses just as powerful as big ones.

He's invested in a whole bunch of companies to make that so. His portfolio at Andreessen Horowitz, the venture-capital firm he cofounded, include Okta, Cloudera, Box, GitHub, ItsOn, and Tidemark, he said in an interview with TechCrunch's Alexia Tsotsis.

Ultimately, these software-as-a-service startups mean that a company doesn't need a big IT budget to compete, he says:

"The classic was Walmart versus local retailer, right? Walmart?s advantage in logistics and in pricing and in data analytics was just so great that they could kill small retailers at will. Today all the consumerized enterprise stuff is as easily usable by the small business as it is by the large business.?In fact, it?s probably more easily usable by the small business than it is by the large business."

(Disclosure: Marc Andreessen is an investor in Business Insider.)

Source: http://www.businessinsider.com/marc-andreessen-small-business-beat-walmart-2013-1

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Barbara Walters hospitalized with chickenpox

FILE - This June 23, 2012 file photo shows Barbara Walters presenting an award onstage at the 39th Annual Daytime Emmy Awards in Beverly Hills, Calif. Walters has the chickenpox and remains hospitalized more than a week after going in after falling and hitting her head at a pre-inaugural party in Washington on Jan. 19. A fellow host on the ?The View,? Whoopi Goldberg, said Monday, Jan. 28, that Walters has been transferred to a New York hospital and hopes to go home soon. (Photo by Chris Pizzello/Invision/AP, file)

FILE - This June 23, 2012 file photo shows Barbara Walters presenting an award onstage at the 39th Annual Daytime Emmy Awards in Beverly Hills, Calif. Walters has the chickenpox and remains hospitalized more than a week after going in after falling and hitting her head at a pre-inaugural party in Washington on Jan. 19. A fellow host on the ?The View,? Whoopi Goldberg, said Monday, Jan. 28, that Walters has been transferred to a New York hospital and hopes to go home soon. (Photo by Chris Pizzello/Invision/AP, file)

FILE - This June 23, 2012 file photo shows Barbara Walters presenting an award onstage at the 39th Annual Daytime Emmy Awards in Beverly Hills, Calif. Walters has the chickenpox and remains hospitalized more than a week after going in after falling and hitting her head at a pre-inaugural party in Washington on Jan. 19. A fellow host on the ?The View,? Whoopi Goldberg, said Monday, Jan. 28, that Walters has been transferred to a New York hospital and hopes to go home soon. (Photo by Chris Pizzello/Invision/AP, file)

(AP) ? Barbara Walters would probably like to hit the reset button on 2013.

She's got the chickenpox and remains hospitalized more than a week after going in after falling and hitting her head at a pre-inaugural party in Washington on Jan. 19. A fellow host on the "The View," Whoopi Goldberg, said Monday that Walters has been transferred to a New York hospital and hopes to go home soon.

"She's been told to rest. She's not allowed any visitors," Goldberg said. "And we're telling you, Barbara, no scratching!"

The 83-year-old news veteran, who underwent heart surgery in May 2010, apparently avoided a disease that hits most people when they are children. It can be serious in older people because of the possibility of complications like pneumonia.

Even after concern about her fall had subsided, Walters had been kept hospitalized last week because of a lingering fever, and doctors found the unexpected cause.

"We love you, we miss you," Goldberg said on "The View," in a message to the show's inventor. "We just don't want to hug you."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-01-28-US-TV-Barbara-Walters/id-ff5d9be7192d4caba0247154edfc9cfc

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Sunday, January 27, 2013

Comedian Bill Bailey behind Prostate Cancer UK charity&#39;s ...

Comedian Bill Bailey is helping to launch a new campaign to tackle prostate cancer.

The former King Edward's School pupil is appearing in adverts for the Prostate Cancer UK charity's Sledgehammer Fund campaign.

  1. Bill Bailey is in adverts for the Prostate Cancer UK charity's Sledgehammer Fund campaign

It will highlight statistics such as the fact that more than 350 men in the Avon, Somerset and Wiltshire area die every year from the condition.

In the past year, nearly 1,400 men were diagnosed with the condition in the area.

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It is the most common cancer affecting men, and some experts predict it will become the most common cancer across the sexes by 2030.

But it lies 20th in a table of annual cancer research spend per case diagnosed.

Figures from the charity show that breast cancer ? the most common female cancer which has a similar death rate as prostate cancer ? received more than double the annual research spend.

The Sledgehammer Fund will operate until the end of March, and aims to generate cash to help Prostate Cancer UK find answers by funding research, providing information and raising the profile of the disease.

Bailey, 47, is appearing in a series of television, digital and print adverts.

He said: "Blokes are not always good at taking care of themselves and, even if they know they have a health problem, they often don't want to talk about it ? or they just hope it will go away.

"I want The Sledgehammer Fund to help change that. I hope the advert that I've made for Prostate Cancer UK will get men talking about prostate cancer and their prostates. The charity wants to raise more money for research because there's a need for better treatments and better ways of diagnosing prostate cancer ? so the deadlier tumours are caught, before it's too late.

"To quote myself from the ad, do yourself a favour, do your dad a favour, do your son a favour, do mankind a favour ? and get giving."

People are being urged to donate ?5 to the fund by texting CRACK to 70004, visiting prostatecanceruk.org or calling 0800 082 1199.

Source: http://www.thisisbath.co.uk/Comedian-Bailey-Prostate-Cancer-UK-charity-s/story-17950566-detail/story.html

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APNewsBreak: Harkin won't seek 6th Senate term

In this Monday, Oct. 25, 2010 photo, U.S. Sen. Tom Harkin, D-Iowa, speaks to reporters following a rally in support of three Iowa Supreme Court justices who are up for retention votes in the November election, in Des Moines, Iowa. Harkin says he will not seek re-election in 2014, The Associated Press reports Saturday, Jan. 26, 2013. (AP Photo/Charlie Neibergall)

In this Monday, Oct. 25, 2010 photo, U.S. Sen. Tom Harkin, D-Iowa, speaks to reporters following a rally in support of three Iowa Supreme Court justices who are up for retention votes in the November election, in Des Moines, Iowa. Harkin says he will not seek re-election in 2014, The Associated Press reports Saturday, Jan. 26, 2013. (AP Photo/Charlie Neibergall)

(AP) ? U.S. Sen. Tom Harkin said Saturday he will not seek a sixth term in 2014, a decision that eases some of the burden the national Republican Party faces in retaking the Senate.

Harkin, chairman of an influential Senate committee, announced his decision during an interview with The Associated Press, saying the move could surprise some.

The 73-year-old cited his age ? he would be 81 at the end of a sixth term ? as a factor in the decision, saying it was time to pass the torch he has held for nearly 30 years, freeing a new generation of Iowa Democrats to seek higher office.

"I just think it's time for me to step aside," Harkin told the AP.

Harkin, first elected in 1984, ranks seventh in seniority and fourth among majority Democrats. He is chairman of the Health, Education, Labor and Pensions Committee, and chairman of the largest appropriations subcommittee.

Harkin has long aligned with the Senate's more liberal members, and his signature legislative accomplishment is the 1990 Americans with Disabilities Act. He also served as a key salesman of President Barack Obama's health care overhaul to the wary left.

"I'm not saying that giving this up and walking away is easy. It's very tough," Harkin said at his rural Iowa home south of Des Moines. "But I'm not quitting today. I'm not passing the torch sitting down."

Harkin's news defied outward signals. Besides being beloved in his party, Harkin has $2.7 million in his campaign war chest, second most among members nearing the end of their terms, and was planning a fundraiser in Washington, D.C., next month featuring pop star Lady Gaga.

Obama released a statement saying Harkin will be missed and thanking the senator for his service. "During his tenure, he has fought passionately to improve quality of life for Americans with disabilities and their families, to reform our education system and ensure that every American has access to affordable health care," Obama said.

Although members of his family have been diagnosed with cancer, Harkin said his health is good ? and reported a recent positive colonoscopy. But he said "you never know," and that he wanted to travel and spend his retirement with his wife, Ruth, "before it's too late."

He also nodded to his political longevity: "The effect of that cascades down and it opens a lot of doors of opportunity" for future candidates.

But by opening a door in Iowa, Harkin has created a potential headache for his party nationally.

Democrats likely would have had the edge in 2014 with the seat, considering Harkin's fundraising prowess and healthy approval. A poll by the Des Moines Register last fall showed a majority of Iowans approved of his job performance.

Democrats hold a 55-45 advantage in the Senate, requiring Republicans to gain six seats to win back the chamber. But Democrats have more seats to defend in 2014 ? 20 compared with only 13 for Republicans. Historically, the president's party loses seats in the midterm elections after his re-election.

In GOP-leaning West Virginia, five-term Democratic Sen. Jay Rockefeller recently announced he would not seek re-election. And on Friday, Georgia Sen. Saxby Chambliss, a Republican, announced that he wouldn't seek a third term.

Democratic incumbents also face tough re-election races in Arkansas, Louisiana, Montana, North Carolina and Alaska ? all carried by Republican Mitt Romney in November's presidential election.

Harkin's move opens a rare open Senate seat Iowa. Harkin, Iowa's junior senator, is outranked by Sen. Charles Grassley, who has held the state's other seat since 1980.

Attention will turn to U.S. Rep. Bruce Braley, a fourth-term Democrat from Waterloo who has long been mentioned as a possible Harkin successor. Braley, who was traveling in Iowa, did not immediately return requests by the AP for comments beyond an emailed statement calling Harkin a "mentor" and "progressive force" who leaves "a legacy few will ever match."

Harkin held open the possibility of endorsing a Democrat before the primary if the candidate "is a pragmatic progressive."

Although no Republicans have stepped forward, Harkin's news gives the GOP's private huddles new life.

"There are lots of conversations, but it's very early still," said Nick Ryan, an Iowa Republican campaign fundraiser.

U.S. Rep. Tom Latham of Clive is a seasoned Republican congressman, a veteran House Appropriations Committee member and a robust fundraiser who has won 10 consecutive terms. Aides to Latham declined to comment beyond a statement saying the congressman "respects Sen. Harkin's decision (and) looks forward to continuing to work with him."

Since November, Harkin has stepped up his role as one of the Senate's leading liberal populists.

He was a vocal opponent late last year of Obama's concession to lift the income threshold for higher taxes to avoid the so-called fiscal cliff. Harkin instead supported raising taxes on all earners making more than $250,000 a year.

He also endorsed Obama's call for banning assault rifles and larger ammunition magazines after the Connecticut school shooting.

Despite Harkin's strong political position, he has faced questions about his and his wife's role in developing a namesake policy institute at Iowa State University, Harkin's alma mater. The Harkins and their supporters have been pushing for the institute to house papers highlighting his signature achievements, including the ADA and shaping farm policy as the former chairman of the Agriculture Committee.

Harkin has avoided questions about fundraising for the institute after disclosure reports showed some of its largest donors are firms that have benefited from his policies.

Harkin dismissed that those questions had any bearing on his decision.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-01-26-Harkin-Iowa/id-2fcf102b510d466eae2aa53af89ef2a2

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Egypt anything but peaceful on anniversary of uprising

CAIRO (Reuters) - Egyptian protesters scuffled with police in Cairo on Saturday and troops were deployed in Suez after nine people were shot dead in nationwide protests against President Mohamed Mursi, exposing deep rifts two years after Hosni Mubarak was ousted.

After a day of clashes on Friday, tension remained high with a court expected to rule later on Saturday in a case against suspects accused of involvement in a stadium disaster that killed 74 people. Fans have threatened violence if the court does not deliver the justice they seek.

Eight people including a policeman were shot dead in Suez, east of the capital, and another was shot and killed in Ismailia, another city on the Suez Canal, medics said, after a day when police fired tear gas at stone-throwing youths.

Another 456 people were injured across Egypt, officials said, in Friday's unrest fuelled by anger at Mursi and his Islamist allies over what the protesters see as their betrayal of the revolution that erupted on January 25, 2011.

"We want to change the president and the government. We are tired of this regime. Nothing has changed," said Mahmoud Suleiman, 22, in Cairo's Tahrir Square, near where youths were still hurling stones at police on the other side of a concrete barrier early on Saturday morning.

The protests and violence have laid bare the divide between the Islamists and their secular rivals. The schism is hindering the efforts of Mursi, elected in June, to revive an economy in crisis and reverse a plunge in Egypt's currency by enticing back investors and tourists.

Protesters accuse Mursi and his Islamist allies of hijacking Egypt's revolution that ended 30 years of Mubarak's autocratic rule. Mursi's supporters say their critics are ignoring democratic principles after elections swept Islamists to office.

"The protests will continue until we realize all the demands of the revolution - bread, freedom and social justice," Ahmed Salama, 28, a protester camped out with dozens of others in Tahrir Square, the cauldron of the 2011 revolt.

The court hearing over the Port Said stadium disaster in February last year has fuelled concerns of more unrest.

Live images were shown from inside the court shortly before the session began. Some of those attending chanted for justice and held up pictures of those killed.

The court on the outskirts on Cairo, and in the same police compound where Mubarak was tried and jailed, is due to rule on Saturday in the cases brought against 73 people, 61 of whom are charged with murder in what was Egypt's worst stadium disaster.

However, the public prosecutor has said new evidence has emerged, meaning a verdict may be postponed.

PRESIDENT URGES CALM

Alongside the 61 charged with murder, another 12 defendants, including nine police officers, are accused of helping to cause the February 1, 2012, disaster at the end of a match between Cairo's Al Ahly and al-Masri, the local side.

Expecting a verdict, hardcore Al Ahly fans, known as ultras, have protested in Cairo over the last week, obstructing the transport network. The Port Said disaster triggered days of street battles near the Interior Ministry in Cairo last year.

In a statement in response to Friday's violence, Mursi said the state would not hesitate in "pursuing the criminals and delivering them to justice". He urged Egyptians to respect the principles of the revolution by expressing views peacefully.

The president was due to meet later on Saturday with the National Defense Council, which includes senior ministers and security officials, to discuss the violence and deaths as a result of the protests.

Troops were deployed in Suez after the head of the state security police in the city asked for reinforcements. The army distributed pamphlets to residents assuring them the deployment was temporary and meant to secure the city.

"We have asked the armed forces to send reinforcements on the ground until we pass this difficult period," Adel Refaat, head of state security in Suez, told state television.

Street battles erupted in cities including Cairo, Alexandria, Suez and Port Said. Arsonists attacked at least two state-owned buildings. An office used by the Muslim Brotherhood's political party was also torched.

The Brotherhood decided against mobilizing for the anniversary, wary of the scope for more conflict after December's violence, stoked by Mursi's decision to fast-track an Islamist-tinged constitution rejected by his opponents.

Inspired by the popular uprising in Tunisia, Egypt's revolution spurred further revolts across the Arab world. But the sense of common purpose that united Egyptians two years ago has given way to internal strife that already triggered bloody street battles last month.

(Additional reporting by Tom Perry, Marwa Awad, Ali Abdelatti and Omar Fahmy; Writing by Edmund Blair; Editing by Andrew Heavens)

Source: http://news.yahoo.com/seven-die-egypt-violence-anniversary-uprising-003521804.html

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Video: Markets Get Mojo Back

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Source: http://video.msnbc.msn.com/cnbc/50591220/

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