বুধবার, ২৪ অক্টোবর, ২০১২

Gazans prepare to welcome Qatari ruler

GAZA CITY, Gaza Strip (AP) ? Qatar's flags are flapping in the Gaza Strip as Palestinians welcome that country's ruler, the first head of state to visit the territory since the Islamic militant Hamas seized power there five years ago.

An honor guard awaits Sheikh Hamad bin Khalifa Al Thani at Gaza's southern border crossing, where he is set to enter from Egypt Tuesday morning. A song called "Thank you, Qatar" is playing on the radio.

Issam Da'aless, an adviser to Gaza's Prime Minister Ismail Haniyeh, says the emir will travel with his wife and Crown Prince Tamim bin Hamad. Thousands of troops have been mobilized to secure the visit.

The emir will deliver more than $250 million in aid to the territory, a move that will ease Hamas' international isolation.

Source: http://news.yahoo.com/gazans-prepare-welcome-qatari-ruler-075104110.html

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Commentary: Law and Politics: We are a society in crisis - via politics


By Lloyd Noel

No group in organized society has the right to act without regard to the interest of the whole of that society ? and because that is what?s happening, and has been for some time now, we are in the critical state now existing all around us and daily becoming much worse.

And the horrible incident at Happy Hill Secondary School ? where a young girl stabbed a young man to death inside a class room, for whatever reason ? must convey to those in control, as well as those aspiring to take over the wheels of power, that the whole atmosphere being created by their actions, and their statements as leaders and public figures, must be sending the wrong messages.

While it is appreciated that political parties are concerned with getting their plans and ideas forcefully into the public arena ? so that at election time the majority will choose the one over the other ? it must also be accepted and fully understood and implemented that no group in organized society has the right to act without regard to the interest of the whole of that society.

It is understandable and not unreasonable to expect certain groups in society to favour one political party over another, for whatever peculiar reasons they may have in the given circumstances. But at the end of the day, all those who live and work and make some contribution to the operations of that society are entitled to do so in peace, and without undue obstructions from the powers that maybe in control.

We in these Isles have seen, and encountered, and suffered a whole lot more disadvantages and distresses than all our neighbours in the English-speaking Caribbean, and even further beyond in the wider community.

But for some strange reasons, we tend to forget so quickly that sooner or not very much later we find ourselves almost back in the same conditions we were so eager to get rid of not so long ago.

As am writing these comments on 19 October ? that notorious date in our political history way back in October 1983, when the then Revolutionary Prime Minister, the late Maurice Bishop, and seven or so of his loyal cabinet members, were executed on Fort Rupert (now Fort George) in St George?s; and many more of the supporters who followed the cabinet members to the fort ? which housed the headquarters of the PRA ? were also killed, either by bullets or from jumping over the high walls around the fort ? it all comes back to memory as though it was last year.

And then it was also members of the PRG inner circle ? in rebellion against the leadership of Bishop ? who were doing their own thing in an attempt to take over control of the state of Grenada, Carraicou and Petite Martinique.

They seemed to have succeeded for a few days, but then the US President Ronald Reagan, in consideration of the US citizens as students of St George?s University, sent in his troops to rescue us all, from prison at Richmond Hill and Hope Vale Camp, and also Grenadians who were prisoners in their own homes, as well as the students.

The rest is still ongoing history, as some groups and individuals every October keep up the cry for information about the bodies killed on the fort, although the story was they were all burnt at Calivigny.

But when thinking about crisis in society, the dates and times of 13 March 1979, 19 October 1983, and 25 October 1983 all stand out as historic landmarks that are unbeatable.

Although the events of those times from March 1979 to October 1983 were far more dramatic and devastating than anything we have experienced since those days of horror, many critics of the last six or so years would still like to argue that we are no better off now than we were then.

Unemployment and the economy in general are almost at rock bottom, a minority government in control of the nation?s affairs, and the very Parliament that the same revolutionary government had abolished is today suspended indefinitely ? so that no MP or political party could constitutionally challenge or question those in charge of the nation?s affairs in the Houses of Parliament.

Of course, those in control of the reins of power have a limited time-span to remain in occupation ? but the question begs itself, in that if they decide to go the full term, up to October next year, what would be the state of the economy and thousands of our people living conditions by then?

By the looks and sounds of possible developments, in the near or more distant future that could make some difference to a few workers livelihood, there are still some hurdles to overcome before any of the projects get underway, so it is not anytime soon.

And in the current conditions now prevailing island-wide, what are the alternatives facing the people?

The crisis now existing in the society is affecting a whole lot of people in very different ways ? and a large number of those affected simply do not have the means, or the ability to make any difference.

And it is precisely because of that shortcoming, in so many of the victims as it were, that even those who can make ends meet to ease the pressures and the burdens are becoming possible victims, because of the frustration of the helpless ones who are unable to cope.

Some things have to give way or someone or group or institution must intervene to bring about a much speedier solution to this impasse that those now in control seem bent on prolonging for as long as they have some authority so to do.

A lot of onlookers can see why the desire to stay in control up to the bitter end, because they feel time will help them to get one or two projects on stream, and in so doing that will persuade many doubters to choose the same team again, albeit with many new faces to replace those expelled.

But in my humble opinion, and from talking with a whole lot of concerned citizens, who are under serious pressure to make the scarce dollars meet their needs, getting the one or two projects on stream will make no difference, to the feelings built up over the past four years when very little was seen to get done.

The feelings seem to be much more in favour of ending the current pressure as soon as possible, and giving people the freedom to choose a new team as they see fit ? and keeping the projects on hold to begin the next term, should they be successful at an earlier polls.

As we come to the anniversary of October 25, 1983, when the US forces came to our people?s rescue from house arrest, and detention at Richmond Hill Prison and Hope Vale Camp, it all seems in 2012 like it was 29 years ago, when the very few with power had control over the great majority for four-and-a-half years, and had to be removed by force.

The crisis we are now facing is hurting a whole lot of innocent people ? but we just have to wait and hope that good sense and belated care and concern would sooner rather than later come to our people?s rescue.

Source: http://www.caribbeannewsnow.com/headline-Commentary%3A-Law-and-Politics%3A-We-are-a-society-in-crisis---via-politics-13123.html

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Goldman says "never seriously" looked at selling commodities biz

(Reuters) - Goldman Sachs Group Inc said on Tuesday the bank's senior management had never "seriously" looked at spinning off all or part of its commodities business, as the bank faces tougher regulations that restrict its trading.

The Wall Street Journal reported on Tuesday that Goldman had held "preliminary internal discussions" in recent years about splitting off its commodities business. The newspaper cited people briefed on the discussions in its report.

"While we constantly evaluate all our businesses, senior management never seriously looked at spinning out all or part of our commodity business," Goldman Sachs spokeswoman Sophie Bullock said in an email.

The news comes as Morgan Stanley , Goldman's traditional rival in commodity markets on Wall Street, is weighing a possible sale of a majority stake in its commodities business to Qatar's sovereign wealth fund.

Wall Street banks, including Goldman, Morgan Stanley and JPMorgan , face tougher regulatory restrictions on proprietary trading under the Volcker rule contained in the Dodd-Frank Act.

Their ownership of physical commodity assets, like power plants, oil storage tanks and metals warehouses, are also in jeopardy after Goldman and Morgan Stanley converted to Bank Holding Companies at the peak of the financial crisis.

The Bank Holding Company Act allows banks to trade in physical commodity markets, but restricts their ownership of the underlying assets.

The Volcker rule limits banks to largely trading on behalf of their clients.

(Reporting by David Sheppard; Editing by Maureen Bavdek)

Source: http://news.yahoo.com/goldman-says-never-seriously-looked-selling-commodities-biz-154154065--sector.html

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মঙ্গলবার, ২৩ অক্টোবর, ২০১২

Police: 1 jailed, 1 unhurt in Pa. chain saw attack

(AP) ? A Pennsylvania man is behind bars after police say he went after his housemate with a chain saw.

Seventy-six-year-old Guy Allen Black is being held on $100,000 bail after allegedly cutting through a door at the home he shared with Ronald Lee Tanner and swinging the chain saw at him.

State police say Black became irate after Tanner changed the locks on the home he owns in Turbotville, Northumberland County.

Black allegedly entered the house through the basement and used an ax and chain saw to cut through an interior door before chasing Tanner outside.

Investigators say the saw got stuck on Tanner's shirt and jammed, allowing Tanner to pin Black down with an umbrella.

Tanner was unhurt. It's not immediately clear if Black has an attorney.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2012-10-22-Chain%20Saw%20Attack/id-a6671e5730c64663a4d4bce22b7023a1

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Stock Markets News Headlines - Yahoo! News

Stock Markets News Headlines - Yahoo! Newshttp://news.yahoo.com/stocks/ Get the latest stock markets news headlines from Yahoo! News. Find breaking stock markets news, including analysis and opinion on top stock markets stories, photos and more.en-USCopyright (c) 2012 Yahoo! Inc. All rights reservedMon, 22 Oct 2012 16:12:08 -04005Stock Markets News Headlines - Yahoo! Newshttp://news.yahoo.com/stocks/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifCopper, energy futures fall on economy concernsIndustrial metals and energy prices ended lower Monday following a volatile day for the stock market.More discouraging corporate earnings reports further dimmed the outlook for the U.S. economy, sending ...http://news.yahoo.com/copper-energy-futures-fall-economy-201208573.htmlMon, 22 Oct 2012 16:12:08 -0400Associated Presscopper-energy-futures-fall-economy-201208573Dow, S&P end flat after late bounce<p><a href="http://news.yahoo.com/wall-st-flat-caterpillar-rises-turnabout-150614602--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/Fg_FE7GauhbxWr5fLPwgVA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T150614Z_1_CDEE89L15YF00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - The Dow industrials and the S&amp;P 500 ended flat on Monday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations. Based on the latest available data, the Dow Jones industrial average inched up 2.38 points, or 0.02 percent, to end unofficially at 13,345.89. The Standard &amp; Poor&#039;s 500 Index edged up just 0.62 of a point, or 0.04 percent, to finish unofficially at 1,433.81. The Nasdaq Composite Index gained 11.33 points, or 0.38 percent, to close unofficially at 3,016.96. ...</p><br clear="all"/>http://news.yahoo.com/wall-st-flat-caterpillar-rises-turnabout-150614602--sector.htmlMon, 22 Oct 2012 16:11:01 -0400Reuterswall-st-flat-caterpillar-rises-turnabout-150614602--sector<p><a href="http://news.yahoo.com/wall-st-flat-caterpillar-rises-turnabout-150614602--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/Fg_FE7GauhbxWr5fLPwgVA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T150614Z_1_CDEE89L15YF00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - The Dow industrials and the S&amp;P 500 ended flat on Monday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations. Based on the latest available data, the Dow Jones industrial average inched up 2.38 points, or 0.02 percent, to end unofficially at 13,345.89. The Standard &amp; Poor&#039;s 500 Index edged up just 0.62 of a point, or 0.04 percent, to finish unofficially at 1,433.81. The Nasdaq Composite Index gained 11.33 points, or 0.38 percent, to close unofficially at 3,016.96. ...</p><br clear="all"/>Stocks recoup losses in late rally on Wall StreetA late buying spree erased early losses on Wall Street, leaving indexes with modest gains at the close of trading.http://news.yahoo.com/stocks-recoup-losses-rally-wall-street-201034873--finance.htmlMon, 22 Oct 2012 16:10:34 -0400Associated Pressstocks-recoup-losses-rally-wall-street-201034873--financeCopper, energy futures follow stock market lowerIndustrial metals and energy prices are ending lower following another down day for the stock market.More discouraging earnings reports Monday further dimmed the outlook for the U.S. economy, sending stocks ...http://news.yahoo.com/copper-energy-futures-stock-market-194441372.htmlMon, 22 Oct 2012 15:45:06 -0400Associated Presscopper-energy-futures-stock-market-194441372Philips Q3 earnings rise, growth economies help<p><a href="http://news.yahoo.com/philips-q3-earnings-rise-growth-economies-help-072130856--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/lRfWH4cz1W3jryeR8YAJHQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/c82a811bc9d9bb1d1e0f6a7067002240.jpg" width="130" height="86" alt="FILE - In this Wednesday, Sept. 1, 2010 file photo, a man walks in front of Philips television screens in Berlin, Germany. Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, announced Monday, Oct. 22, 2012, that earnings more than doubled in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business. (AP Photo/Gero Breloer, File)" align="left" title="FILE - In this Wednesday, Sept. 1, 2010 file photo, a man walks in front of Philips television screens in Berlin, Germany. Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, announced Monday, Oct. 22, 2012, that earnings more than doubled in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business. (AP Photo/Gero Breloer, File)" border="0" /></a>Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, saw earnings more than double in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business.</p><br clear="all"/>http://news.yahoo.com/philips-q3-earnings-rise-growth-economies-help-072130856--finance.htmlMon, 22 Oct 2012 15:36:50 -0400Associated Pressphilips-q3-earnings-rise-growth-economies-help-072130856--finance<p><a href="http://news.yahoo.com/philips-q3-earnings-rise-growth-economies-help-072130856--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/lRfWH4cz1W3jryeR8YAJHQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/c82a811bc9d9bb1d1e0f6a7067002240.jpg" width="130" height="86" alt="FILE - In this Wednesday, Sept. 1, 2010 file photo, a man walks in front of Philips television screens in Berlin, Germany. Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, announced Monday, Oct. 22, 2012, that earnings more than doubled in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business. (AP Photo/Gero Breloer, File)" align="left" title="FILE - In this Wednesday, Sept. 1, 2010 file photo, a man walks in front of Philips television screens in Berlin, Germany. Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, announced Monday, Oct. 22, 2012, that earnings more than doubled in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business. (AP Photo/Gero Breloer, File)" border="0" /></a>Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, saw earnings more than double in the third quarter, thanks to modest growth at all its business lines as well as the disposal of its loss-making television business.</p><br clear="all"/>Disappointing earnings weigh down stock market<p><a href="http://news.yahoo.com/disappointing-earnings-weigh-down-stock-market-190443358--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2no92TwaUmzvd2ilg7kyFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2f5df5a4c916b71d1e0f6a706700e8ac.jpg" width="130" height="86" alt="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" align="left" title="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" border="0" /></a>It&#039;s been a disappointing earnings season.</p><br clear="all"/>http://news.yahoo.com/disappointing-earnings-weigh-down-stock-market-190443358--finance.htmlMon, 22 Oct 2012 15:05:03 -0400Associated Pressdisappointing-earnings-weigh-down-stock-market-190443358--finance<p><a href="http://news.yahoo.com/disappointing-earnings-weigh-down-stock-market-190443358--finance.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2no92TwaUmzvd2ilg7kyFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2f5df5a4c916b71d1e0f6a706700e8ac.jpg" width="130" height="86" alt="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" align="left" title="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" border="0" /></a>It&#039;s been a disappointing earnings season.</p><br clear="all"/>Markets are weighed down by disappointing earnings<p><a href="http://news.yahoo.com/markets-weighed-down-disappointing-earnings-145224084--business.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2no92TwaUmzvd2ilg7kyFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2f5df5a4c916b71d1e0f6a706700e8ac.jpg" width="130" height="86" alt="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" align="left" title="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" border="0" /></a>The stock market turned lower Monday afternoon as investors absorbed mixed earnings reports and waited for an important economic report due at the end of the week.</p><br clear="all"/>http://news.yahoo.com/markets-weighed-down-disappointing-earnings-145224084--business.htmlMon, 22 Oct 2012 14:03:18 -0400Associated Pressmarkets-weighed-down-disappointing-earnings-145224084--business<p><a href="http://news.yahoo.com/markets-weighed-down-disappointing-earnings-145224084--business.html"><img src="http://l2.yimg.com/bt/api/res/1.2/2no92TwaUmzvd2ilg7kyFw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/2f5df5a4c916b71d1e0f6a706700e8ac.jpg" width="130" height="86" alt="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" align="left" title="Trader Michael Zicchinolfi, center, works on the floor of the New York Stock Exchange Monday, Oct. 22, 2012. A weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the U.S. stock market in early trading. (AP Photo/Richard Drew)" border="0" /></a>The stock market turned lower Monday afternoon as investors absorbed mixed earnings reports and waited for an important economic report due at the end of the week.</p><br clear="all"/>Markets subdued as US earnings disappointFinancial markets started the week on a flat note after another batch of fairly disappointing U.S. corporate earnings and ahead of the final debate in what appears to be a tight U.S. presidential election.http://news.yahoo.com/markets-subdued-us-earnings-disappoint-144206117--finance.htmlMon, 22 Oct 2012 13:00:00 -0400Associated Pressmarkets-subdued-us-earnings-disappoint-144206117--financeWhy Greg Smith left Goldman Sachs<p><a href="http://news.yahoo.com/why-greg-smith-left-goldman-sachs-040543487.html"><img src="http://l3.yimg.com/bt/api/res/1.2/MFpWrg5scslYlvSkmufNCQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f598bd4c6caac1d1e0f6a706700f1c9.jpg" width="130" height="86" alt="In this Tuesday, Oct. 16, 2012, photo, Greg Smith, the former Goldman Sachs banker, responds to questions during a news interview in New York. Smith was a vice president at Goldman Sachs until March when he announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.(AP Photo/Frank Franklin II)" align="left" title="In this Tuesday, Oct. 16, 2012, photo, Greg Smith, the former Goldman Sachs banker, responds to questions during a news interview in New York. Smith was a vice president at Goldman Sachs until March when he announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.(AP Photo/Frank Franklin II)" border="0" /></a>Greg Smith wrote the essay that echoed across Wall Street like a thunderclap.</p><br clear="all"/>http://news.yahoo.com/why-greg-smith-left-goldman-sachs-040543487.htmlMon, 22 Oct 2012 12:27:35 -0400Associated Presswhy-greg-smith-left-goldman-sachs-040543487<p><a href="http://news.yahoo.com/why-greg-smith-left-goldman-sachs-040543487.html"><img src="http://l3.yimg.com/bt/api/res/1.2/MFpWrg5scslYlvSkmufNCQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/7f598bd4c6caac1d1e0f6a706700f1c9.jpg" width="130" height="86" alt="In this Tuesday, Oct. 16, 2012, photo, Greg Smith, the former Goldman Sachs banker, responds to questions during a news interview in New York. Smith was a vice president at Goldman Sachs until March when he announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.(AP Photo/Frank Franklin II)" align="left" title="In this Tuesday, Oct. 16, 2012, photo, Greg Smith, the former Goldman Sachs banker, responds to questions during a news interview in New York. Smith was a vice president at Goldman Sachs until March when he announced his departure from the investment bank with a blistering editorial in The New York Times, accusing Goldman of routinely deceiving clients and relentlessly pursuing profit at the expense of morality.(AP Photo/Frank Franklin II)" border="0" /></a>Greg Smith wrote the essay that echoed across Wall Street like a thunderclap.</p><br clear="all"/>Earnings concerns weigh on shares<p><a href="http://news.yahoo.com/ftse-falls-back-concern-around-earnings-071747212--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sXWjqm79q5pZcErEYLuwVw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T082029Z_2_CBRE88N0KBS00_RTROPTP_2_BRITAIN-BANKS.JPG" width="130" height="86" alt="The London Stock Exchange is seen during the morning rush hour in the City of London" align="left" title="The London Stock Exchange is seen during the morning rush hour in the City of London" border="0" /></a>LONDON (Reuters) - Britain&#039;s top share index lost ground on Monday, extending declines on concerns about upcoming third quarter earnings. Drugmakers dipped, with Shire down 1.8 percent and AstraZeneca off 0.5 percent. The firms kick off the heavyweight sector&#039;s results season on Thursday. According to Thomson Reuters Starmine data, of the 8 percent of European companies that have reported results so far, nearly half have missed forecasts. TR Starmine analysts have estimated year-on-year third-quarter earnings growth at 7. ...</p><br clear="all"/>http://news.yahoo.com/ftse-falls-back-concern-around-earnings-071747212--finance.htmlMon, 22 Oct 2012 12:02:21 -0400Reutersftse-falls-back-concern-around-earnings-071747212--finance<p><a href="http://news.yahoo.com/ftse-falls-back-concern-around-earnings-071747212--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/sXWjqm79q5pZcErEYLuwVw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T082029Z_2_CBRE88N0KBS00_RTROPTP_2_BRITAIN-BANKS.JPG" width="130" height="86" alt="The London Stock Exchange is seen during the morning rush hour in the City of London" align="left" title="The London Stock Exchange is seen during the morning rush hour in the City of London" border="0" /></a>LONDON (Reuters) - Britain&#039;s top share index lost ground on Monday, extending declines on concerns about upcoming third quarter earnings. Drugmakers dipped, with Shire down 1.8 percent and AstraZeneca off 0.5 percent. The firms kick off the heavyweight sector&#039;s results season on Thursday. According to Thomson Reuters Starmine data, of the 8 percent of European companies that have reported results so far, nearly half have missed forecasts. TR Starmine analysts have estimated year-on-year third-quarter earnings growth at 7. ...</p><br clear="all"/>Earnings concerns weigh on UK shares* FTSE 100 index sheds 0.3 percent * Worries build ahead of UK Q3 earnings season * Shire heads weak drugmakers * Broker comment positive for mining stocks By Jon Hopkins LONDON, Oct 22 (Reuters) - Britain's top share index lostground on Monday, extending declines on concerns about upcomingthird quarter earnings. Drugmakers dipped, with Shire down 1.8 percent andAstraZeneca off 0.5 percent. The firms kick off theheavyweight sector's results season on Thursday. ...http://news.yahoo.com/earnings-concerns-weigh-uk-shares-155601039--business.htmlMon, 22 Oct 2012 11:56:01 -0400Reutersearnings-concerns-weigh-uk-shares-155601039--businessCorzine, banks push to end MF Global fraud lawsuitNEW YORK (Reuters) - Jon Corzine's lawyers say allegations that he fraudulently ran MF Global Holdings Ltd make "no sense" and that a lawsuit seeking to hold him and others responsible for the futures brokerage's bankruptcy must be thrown out. Corzine, former colleagues and several banks, including JPMorgan Chase & Co and Goldman Sachs Group Inc , filed papers on Friday night to dismiss investor litigation over MF Global's collapse. The company's October 31, 2011, bankruptcy was Wall Street's biggest meltdown since 2008. ...http://news.yahoo.com/corzine-banks-push-end-mf-global-fraud-lawsuit-153132266--sector.htmlMon, 22 Oct 2012 11:31:32 -0400Reuterscorzine-banks-push-end-mf-global-fraud-lawsuit-153132266--sectorMoney edges back to Greece as euro exit fear wanesLONDON (Reuters) - After scrambling to get their money out of Greece as the economy collapsed, Greeks abroad are regaining an appetite for shares and property at home, spurred on by bargain prices and a bet that their country will stay in the euro zone after all. Property investors and agents say interest in real estate has jumped since the summer and there are tentative signs the financial exodus is slowing, according to central bank, stock market and investment flow data. ...http://news.yahoo.com/money-edges-back-greece-euro-exit-fear-wanes-135520962--sector.htmlMon, 22 Oct 2012 09:55:20 -0400Reutersmoney-edges-back-greece-euro-exit-fear-wanes-135520962--sectorGoldman book was not meant to be an expose - author<p><a href="http://news.yahoo.com/goldman-book-not-meant-expose-author-135055937--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/2gmY6.HJSlbd1OotRTN3tA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T135055Z_1_CBRE89L12GY00_RTROPTP_2_GOLDMANSACHS.JPG" width="130" height="86" alt="A Goldman Sachs sign is seen on the floor of the New York Stock Exchange" align="left" title="A Goldman Sachs sign is seen on the floor of the New York Stock Exchange" border="0" /></a>JOHANNESBURG (Reuters) - The former Goldman Sachs Group Inc vice president who publicly accused the bank of taking advantage of unsuspecting clients said he never intended his book to be an expose of practices at the Wall Street firm. Preliminary reviews of Greg Smith&#039;s &quot;Why I Left Goldman Sachs,&quot; which hits bookstores on Monday, have been lacklustre. Critics say the book contains few revelations, given that it had been hyped as a &quot;tell all&quot; look at the investment bank. ...</p><br clear="all"/>http://news.yahoo.com/goldman-book-not-meant-expose-author-135055937--sector.htmlMon, 22 Oct 2012 09:50:55 -0400Reutersgoldman-book-not-meant-expose-author-135055937--sector<p><a href="http://news.yahoo.com/goldman-book-not-meant-expose-author-135055937--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/2gmY6.HJSlbd1OotRTN3tA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T135055Z_1_CBRE89L12GY00_RTROPTP_2_GOLDMANSACHS.JPG" width="130" height="86" alt="A Goldman Sachs sign is seen on the floor of the New York Stock Exchange" align="left" title="A Goldman Sachs sign is seen on the floor of the New York Stock Exchange" border="0" /></a>JOHANNESBURG (Reuters) - The former Goldman Sachs Group Inc vice president who publicly accused the bank of taking advantage of unsuspecting clients said he never intended his book to be an expose of practices at the Wall Street firm. Preliminary reviews of Greg Smith&#039;s &quot;Why I Left Goldman Sachs,&quot; which hits bookstores on Monday, have been lacklustre. Critics say the book contains few revelations, given that it had been hyped as a &quot;tell all&quot; look at the investment bank. ...</p><br clear="all"/>Weak open on Wall Street; Caterpillar, VF flopA weak forecast from heavy equipment maker Caterpillar and other poor earnings results weighed on the stock market in early trading.http://news.yahoo.com/weak-open-wall-street-caterpillar-vf-flop-134516502--finance.htmlMon, 22 Oct 2012 09:45:16 -0400Associated Pressweak-open-wall-street-caterpillar-vf-flop-134516502--financeWall Street flat after weak Caterpillar results<p><a href="http://news.yahoo.com/wall-street-flat-weak-caterpillar-results-134107098--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rFHUVdM6sYMFx2k8hgqJhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T134107Z_1_CDEE89L120K00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - U.S. stocks opened little changed on Monday, hurt by disappointing results from global manufacturer Caterpillar and after the S&amp;P 500 suffered the worst one-day decline since late June on Friday. The Dow Jones industrial average slipped 14.90 points, or 0.11 percent, to 13,328.61. The Standard &amp; Poor&#039;s 500 Index edged down 0.47 point, or 0.03 percent, at 1,432.72. The Nasdaq Composite Index added 2.67 points, or 0.09 percent, to 3,008.29. (Reporting by Leah Schnurr; Editing by Kenneth Barry)</p><br clear="all"/>http://news.yahoo.com/wall-street-flat-weak-caterpillar-results-134107098--finance.htmlMon, 22 Oct 2012 09:41:07 -0400Reuterswall-street-flat-weak-caterpillar-results-134107098--finance<p><a href="http://news.yahoo.com/wall-street-flat-weak-caterpillar-results-134107098--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rFHUVdM6sYMFx2k8hgqJhg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T134107Z_1_CDEE89L120K00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - U.S. stocks opened little changed on Monday, hurt by disappointing results from global manufacturer Caterpillar and after the S&amp;P 500 suffered the worst one-day decline since late June on Friday. The Dow Jones industrial average slipped 14.90 points, or 0.11 percent, to 13,328.61. The Standard &amp; Poor&#039;s 500 Index edged down 0.47 point, or 0.03 percent, at 1,432.72. The Nasdaq Composite Index added 2.67 points, or 0.09 percent, to 3,008.29. (Reporting by Leah Schnurr; Editing by Kenneth Barry)</p><br clear="all"/>Sensex gains 111 points as earnings improve sentiment<p><a href="http://news.yahoo.com/bse-sensex-falls-itc-kingfisher-decline-045529159--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/LklI73Txjetz258f44TSGQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T125436Z_2_CDEE89L0DOJ00_RTROPTP_2_INDIA-STOCKS.JPG" width="130" height="86" alt="People walk past the Bombay Stock Exchange building in Mumbai" align="left" title="People walk past the Bombay Stock Exchange building in Mumbai" border="0" /></a>MUMBAI (Reuters) - The BSE Sensex rose on Monday after strong earnings from blue-chip companies such as Larsen &amp; Toubro and Tata Consultancy Services improved the market sentiment, but Kingfisher Airlines slumped after the civil aviation authorities suspended its flying licence. Gains in banking stocks such as ICICI Bank on expectations the RBI may cut the cash reserve ratio, or the amount of deposits lenders must keep with the RBI, at its policy review on October 30 also helped. ...</p><br clear="all"/>http://news.yahoo.com/bse-sensex-falls-itc-kingfisher-decline-045529159--sector.htmlMon, 22 Oct 2012 08:54:36 -0400Reutersbse-sensex-falls-itc-kingfisher-decline-045529159--sector<p><a href="http://news.yahoo.com/bse-sensex-falls-itc-kingfisher-decline-045529159--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/LklI73Txjetz258f44TSGQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T125436Z_2_CDEE89L0DOJ00_RTROPTP_2_INDIA-STOCKS.JPG" width="130" height="86" alt="People walk past the Bombay Stock Exchange building in Mumbai" align="left" title="People walk past the Bombay Stock Exchange building in Mumbai" border="0" /></a>MUMBAI (Reuters) - The BSE Sensex rose on Monday after strong earnings from blue-chip companies such as Larsen &amp; Toubro and Tata Consultancy Services improved the market sentiment, but Kingfisher Airlines slumped after the civil aviation authorities suspended its flying licence. Gains in banking stocks such as ICICI Bank on expectations the RBI may cut the cash reserve ratio, or the amount of deposits lenders must keep with the RBI, at its policy review on October 30 also helped. ...</p><br clear="all"/>US stock futures gain after Friday's selloff<p><a href="http://news.yahoo.com/us-stock-futures-gain-fridays-selloff-124522049--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eX5ZbGXCKM4Pe4B9v4_cQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/84e4539fc878b41d1e0f6a70670041b3.jpg" width="130" height="86" alt="FILE - In this Friday, Oct. 19, 2012 photo, a trader works on the floor of the New York Stock Exchange. U.S. stock market futures are gaining Monday, Oct. 22, 2012, after Friday?s massive selloff, despite mixed quarterly reports from some top companies. (AP Photo/Mary Altaffer)" align="left" title="FILE - In this Friday, Oct. 19, 2012 photo, a trader works on the floor of the New York Stock Exchange. U.S. stock market futures are gaining Monday, Oct. 22, 2012, after Friday?s massive selloff, despite mixed quarterly reports from some top companies. (AP Photo/Mary Altaffer)" border="0" /></a>U.S. stock market futures are gaining narrowly after Friday&#039;s massive selloff, despite mixed quarterly reports from some top companies.</p><br clear="all"/>http://news.yahoo.com/us-stock-futures-gain-fridays-selloff-124522049--finance.htmlMon, 22 Oct 2012 08:45:22 -0400Associated Pressus-stock-futures-gain-fridays-selloff-124522049--finance<p><a href="http://news.yahoo.com/us-stock-futures-gain-fridays-selloff-124522049--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eX5ZbGXCKM4Pe4B9v4_cQA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/84e4539fc878b41d1e0f6a70670041b3.jpg" width="130" height="86" alt="FILE - In this Friday, Oct. 19, 2012 photo, a trader works on the floor of the New York Stock Exchange. U.S. stock market futures are gaining Monday, Oct. 22, 2012, after Friday?s massive selloff, despite mixed quarterly reports from some top companies. (AP Photo/Mary Altaffer)" align="left" title="FILE - In this Friday, Oct. 19, 2012 photo, a trader works on the floor of the New York Stock Exchange. U.S. stock market futures are gaining Monday, Oct. 22, 2012, after Friday?s massive selloff, despite mixed quarterly reports from some top companies. (AP Photo/Mary Altaffer)" border="0" /></a>U.S. stock market futures are gaining narrowly after Friday&#039;s massive selloff, despite mixed quarterly reports from some top companies.</p><br clear="all"/>Hasbro revenue misses on weak sales in preschool, boys lines(Reuters) - Hasbro Inc , the No. 2 U.S. toy company, posted a third-quarter profit that topped Wall Street expectations but sales fell short of estimates, hurt by a drop in revenue at its boys and preschool product lines. Sales at its boys category, which includes toys such as Transformers, fell 12 percent to $471.1 million, while sales of preschool products fell 5 percent to $206 million. Hasbro, whose brands also include Monopoly, G.I. Joe, Nerf and Mr. Potato Head, has been working with its U.S. retail partners to better manage inventories this year. ...http://news.yahoo.com/hasbro-profit-falls-weaker-sales-boys-preschool-lines-104552771--finance.htmlMon, 22 Oct 2012 07:28:29 -0400Reutershasbro-profit-falls-weaker-sales-boys-preschool-lines-104552771--financeNetflix's global march puts investors on pause<p><a href="http://news.yahoo.com/netflixs-global-march-puts-investors-pause-110315365--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/4QYPCxqYHqj4PuXhVBqyXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T201547Z_1_CBRE89L1KAG00_RTROPTP_2_INDUSTRY-US-NETFLIX.JPG" width="130" height="86" alt="A Netflix disk envelope is displayed in Encinitas" align="left" title="A Netflix disk envelope is displayed in Encinitas" border="0" /></a>LOS ANGELES (Reuters) - Netflix Inc launched its subscription video service in 49 countries in a little more than a year, a push that has left Wall Street analysts wondering if the company is trying to expand its reach too quickly. Last week, the Los Gatos, California-based company began offering on-demand movies and TV shows in Scandinavia, a region Chief Executive Reed Hastings called a battleground for television delivered over the Internet. The company competes there with premium cable network HBO, which is starting to sell online subscriptions to its programs. ...</p><br clear="all"/>http://news.yahoo.com/netflixs-global-march-puts-investors-pause-110315365--finance.htmlMon, 22 Oct 2012 07:03:15 -0400Reutersnetflixs-global-march-puts-investors-pause-110315365--finance<p><a href="http://news.yahoo.com/netflixs-global-march-puts-investors-pause-110315365--finance.html"><img src="http://l.yimg.com/bt/api/res/1.2/4QYPCxqYHqj4PuXhVBqyXQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T201547Z_1_CBRE89L1KAG00_RTROPTP_2_INDUSTRY-US-NETFLIX.JPG" width="130" height="86" alt="A Netflix disk envelope is displayed in Encinitas" align="left" title="A Netflix disk envelope is displayed in Encinitas" border="0" /></a>LOS ANGELES (Reuters) - Netflix Inc launched its subscription video service in 49 countries in a little more than a year, a push that has left Wall Street analysts wondering if the company is trying to expand its reach too quickly. Last week, the Los Gatos, California-based company began offering on-demand movies and TV shows in Scandinavia, a region Chief Executive Reed Hastings called a battleground for television delivered over the Internet. The company competes there with premium cable network HBO, which is starting to sell online subscriptions to its programs. ...</p><br clear="all"/>SE Asia Stocks-Jakarta, Bangkok rebound; earnings eyedBANGKOK, Oct 22 (Reuters) - Indonesian stocks posted modestgains on Monday while most other Southeast Asian stocks regainedsome lost ground as investors hunted for bargains in indexheavyweights such as Perusahaan Gas Negara ahead ofearnings releases. Jakarta's Composite Index pared early losses toclose near its day's high of 4,341.827, with energy stockPerusahaan Gas up 3 percent. Macquarie Equities Research included Perusahaan Gas amongstocks in Asia expected to report positive earnings surprises inthis earnings season, it said in a report dated Oct. 19. ...http://news.yahoo.com/se-asia-stocks-jakarta-bangkok-rebound-earnings-eyed-102651379--sector.htmlMon, 22 Oct 2012 06:26:51 -0400Reutersse-asia-stocks-jakarta-bangkok-rebound-earnings-eyed-102651379--sectorMarkets await earnings, last presidential debateFinancial markets have started the new week off solidly ahead of another round of U.S. corporate earnings and the final debate in what appears to be a tight U.S. presidential election.http://news.yahoo.com/markets-await-earnings-last-presidential-debate-100541353--finance.htmlMon, 22 Oct 2012 06:07:19 -0400Associated Pressmarkets-await-earnings-last-presidential-debate-100541353--financeAnalysis: Some investors open to higher tax to trim deficit<p><a href="http://news.yahoo.com/analysis-investors-open-higher-u-tax-shave-deficit-040303509--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/ff_q9bq4dyn39Xz7JFcmgA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T040427Z_1_CBRE89L0BBI00_RTROPTP_2_USA-CLINTON.JPG" width="130" height="86" alt="Blankfein of Goldman Sachs participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New York" align="left" title="Blankfein of Goldman Sachs participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New York" border="0" /></a>NEW YORK (Reuters) - Nobody likes taxes, and much of Wall Street has poured money into Mitt Romney campaign coffers to avoid paying higher ones. Yet a surprising number of top money managers say they are willing to pay modestly higher rates. They reason that revenue-raising measures are an essential complement to the spending cuts they say are needed to curb the massive U.S. budget deficit. &quot;It&#039;s kind of like taking a distasteful medicine. On the way down, it may not be pleasant,&quot; said Ron Florance, who helps manage assets worth $169 billion at Wells Fargo Private Bank. ...</p><br clear="all"/>http://news.yahoo.com/analysis-investors-open-higher-u-tax-shave-deficit-040303509--sector.htmlMon, 22 Oct 2012 05:53:53 -0400Reutersanalysis-investors-open-higher-u-tax-shave-deficit-040303509--sector<p><a href="http://news.yahoo.com/analysis-investors-open-higher-u-tax-shave-deficit-040303509--sector.html"><img src="http://l.yimg.com/bt/api/res/1.2/ff_q9bq4dyn39Xz7JFcmgA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-10-22T040427Z_1_CBRE89L0BBI00_RTROPTP_2_USA-CLINTON.JPG" width="130" height="86" alt="Blankfein of Goldman Sachs participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New York" align="left" title="Blankfein of Goldman Sachs participates in discussion during the second day of the Clinton Global Initiative 2012 (CGI) in New York" border="0" /></a>NEW YORK (Reuters) - Nobody likes taxes, and much of Wall Street has poured money into Mitt Romney campaign coffers to avoid paying higher ones. Yet a surprising number of top money managers say they are willing to pay modestly higher rates. They reason that revenue-raising measures are an essential complement to the spending cuts they say are needed to curb the massive U.S. budget deficit. &quot;It&#039;s kind of like taking a distasteful medicine. On the way down, it may not be pleasant,&quot; said Ron Florance, who helps manage assets worth $169 billion at Wells Fargo Private Bank. ...</p><br clear="all"/>World stocks mixed after US earnings disappointWorld stock markets were mixed as traders unnerved by last week's disappointing U.S. corporate earnings results waited for another round Monday.http://news.yahoo.com/world-stocks-mixed-us-earnings-disappoint-091658341--finance.htmlMon, 22 Oct 2012 05:18:13 -0400Associated Pressworld-stocks-mixed-us-earnings-disappoint-091658341--financeTEXT-S&P summary: PT Astra International Tbk.(The following statement was released by the rating agency) Oct 22 - =============================================================================== Summary analysis -- PT Astra International Tbk. ...http://news.yahoo.com/text-p-summary-pt-astra-international-tbk-090623675--sector.htmlMon, 22 Oct 2012 05:06:23 -0400Reuterstext-p-summary-pt-astra-international-tbk-090623675--sector

Source: http://rss.news.yahoo.com/rss/stocks

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Disco Sun: X-Class Flare Creates Strobe-Light Effect

by Nancy Atkinson on October 23, 2012

Want to stay on top of all the space news? Follow @universetoday on Twitter

An active region just turning into view on the left side of the Sun has emitted three large flares since Saturday: an M9, an M5 and early today blasted out an X1.8 class flare. This flare occurred around 3:17 am UTC today (or 11:17 pm EDT on Oct. 22). The strobe-light-like effect visible in the video was created by the brightness of the flare and the Solar Dynamics Observatory instruments? response to that brightness. On Earth, an X-class flare of this intensity can cause degradation or blackouts of radio communications for about an hour. However, this flare was not associated with a Coronal Mass Ejection (CME), so nothing is heading our way. The same region, named AR 1598 has put out a few slow CMEs, but so far nothing towards Earth.

An image from the Solar Dynamics Observatory during the X-class flare event on Oct. 23, 2012 (UTC). Credit: NASA/SDO

Solar flares are powerful bursts of radiation. Harmful radiation from a flare cannot pass through Earth?s atmosphere to physically affect humans on the ground, but flares like this can disturb the atmosphere in the layer where GPS and communications signals travel, sometimes causing disruptions in communications.

The SDO Twitter feed said there is a whopping 75% chance of more M-class solar flares from this active region and a 20% chance of additional X-class flares.

This is the 7th X-class flare in 2012 with the largest being an X5.4 flare on March 7.

By observing the sun in a number of different wavelengths, NASA?s telescopes can tease out different aspects of events on the sun. These four images of a solar flare on Oct. 22, 2012, show from the top left, and moving clockwise: light from the sun in the 171 Angstrom wavelength, which shows the structure of loops of solar material in the sun?s atmosphere, the corona; light in 335 Angstroms, which highlights light from active regions in the corona; a magnetogram, which shows magnetically active regions on the sun; light in the 304 Angstrom wavelength, which shows light from the region of the sun?s atmosphere where flares originate. (Credit: NASA/SDO/Goddard)

Source: http://www.universetoday.com/98149/disco-sun-x-class-flare-creates-strobe-light-effect/

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