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LONDON (Reuters) - U.S. stock index futures pointed to a slightly lower Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.3 percent.
Alcoa and Monsanto are two of the first large companies to report quarterly results as the earnings season begins. Wall Street expects both the companies to show improved profit from a year ago.
ICSC/Goldman Sachs release chain store sales for the week ended January 5 at 1245 GMT. In the previous week, sales rose 0.6 percent.
Samsung Electronics said it likely earned a quarterly profit of $8.3 billion as it sold close to 500 handsets a minute and as demand picked up for the flat screens it makes for mobile devices, including those for rival Apple Inc products.
Redbook releases its Retail Sales Index of department and chain store sales for January at 1355 GMT. In the previous month, sales rose 0.1 percent.
Sears Holdings Corp said late on Monday Chief Executive Louis D'Ambrosio will step down for family health reasons after the U.S. retailer reported a 1.8 percent decline in quarter-to-date sales at stores open at least a year.
National Federation of Independent Business releases small business optimism index for December at 1230 GMT. In the previous month, the index read 87.5.
The FTSEurofirst 300 index of top European shares turned flat in morning session on Tuesday after opening lower, with gains in telecom stocks offsetting declines in financial and mining shares.
U.S. stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits.
The Dow Jones industrial average dropped 50.92 points, or 0.38 percent, to 13,384.29. The Standard & Poor's 500 Index fell 4.58 points, or 0.31 percent, to 1,461.89. The Nasdaq Composite Index lost 2.84 points, or 0.09 percent, to 3,098.81.
(Reporting by Atul Prakash; Editing by Alistair Lyon)
Source: http://news.yahoo.com/stock-index-futures-signal-lower-wall-street-open-093952702--finance.html
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(Reuters) - Hard drive maker Seagate Technology Plc said it now expects to report higher second-quarter revenue than its previous forecast, sending its shares up 6 percent.
The company expects at least $3.6 billion in revenue for the quarter ended December 28, higher than its previous forecast of about $3.5 billion.
Seagate expects second-quarter gross margin of more than 27 percent.
Shares of the company were trading at $32 in extended trade, after closing at $31.39 on the Nasdaq on Tuesday.
(Reporting by Himank Sharma in Bangalore; Editing by Sriraj Kalluvila)
Source: http://news.yahoo.com/seagate-raises-second-quarter-revenue-forecast-212522212--finance.html
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/THOv1zi0JiM/samsungs-got-a-giant-oled-tv-that-curves
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Jerome Whitehead, who stared in college at Marquette and went on to have a 12-year NBA career, has died.
He was found dead in his home in El Cajon, Calif;, (near San Diego) back on Dec. 20, reports the Chicago Tribune and multiple other outlets. He was discovered by his sister and apparently had been passed away for a little while, according to the report.
An autopsy found that Whitehead had died from a gastrointestinal hemorrhage related to chronic alcohol abuse, an investigator at the examiner?s office said.
Whitehead was a 6?10 center (and occasional forward) who was drafted in the second round of the 1978 draft by the then San Diego Clippers and went on to play for Utah, Dallas, Golden State and San Antonio. He averaged 6.5 points and 4.8 rebounds a game. In the 1981-82 season he averaged 13.8 points a game for the San Diego Clippers.
Whitehead was a key part of Marquette?s 1977 national championship team.
Source: http://probasketballtalk.nbcsports.com/2012/12/30/former-nba-player-jerome-whitehead-found-dead/
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Posted on December 29, 2012 by dufttuey508 in Internet
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A newspaper published names and addresses of thousands of legal handgun owners, generating widespread criticism. In retaliation, a blogger mapped the names and addresses of the journalists.
Hand guns that were turned in by their owners in a trash bin at a gun buyback held by the Los Angeles Police Department. People can anonymously trade in their guns, no questions asked, for $200 grocery store gift cards for automatic weapons and $100 gift cards for shotguns, handguns and rifles.
David McNew/REUTERS
EnlargeThe flap over the newspaper that published information about handgun owners in two New York counties has ricocheted back toward the news organization.
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Thousands of critics ? including some journalism professionals ? have weighed in. And at least one blogger has retaliated by publishing the names and addresses of editors and executives at the Journal News, the publication headquartered in White Plains, N.Y., north of New York City and part of the Gannett organization.
Still, the Journal News is not backing down. Editors say they?ll publish information on handgun owners in a third county (Putnam) once county officials have responded to the Freedom of Information Act (FOIA) request that resulted in tens of thousands of names and addresses in Westchester and Rockland Counties.
The controversy began over the weekend when the Journal News ran a story on some 44,000 registered handgun owners in?the two counties, including names and addresses showing exactly where those gun owners live using Google Maps. ?The gun owner next door: What you don't know about the weapons in your neighborhood,? read the headline.
In the wake of the Newtown, Conn., school massacre that killed 20 first-graders and six school employees, quickly followed by a raging debate over gun control and Second Amendment rights, it?s not surprising that journalists would look for fresh and provocative angles to cover the story.
David Gregory, host of NBC?s ?Meet the Press,? has taken flak for showing an ammunition magazine in his interview with National Rifle Association CEO Wayne LaPierre last Sunday. Such large-capacity magazines are banned in the District of Columbia, where the show was taped.
The online magazine Slate has partnered with the anonymous creator of?the Twitter feed @GunDeaths to craft what it calls ?an interactive, crowdsourced tally of the toll firearms have taken since Dec. 14? ? the day when 20-year-old Adam Lanza, armed with an assault-style rifle, two handguns, and hundreds of rounds of ammunition in large-capacity magazines, forced his way into the Sandy Hook grade school in Newtown.
The Slate map details 206 gunshot deaths in the United States since Sandy Hook, including 21 teens and children.
But publishing the names and addresses of legitimate handgun owners is seen as very different from tallying gun deaths or discussing aspects of weaponry. (The Journal News report does not include ?long guns? ? shotguns and rifles, including assault-style rifles ? which do not require licenses.)
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NEW YORK (Reuters) - Craig Mundie, one of two Microsoft Corp executives who took over Bill Gates' role at the company, has relinquished control of Microsoft's large research organization and is to retire from the company in 2014.
Mundie is taking on a new role as a senior adviser to Chief Executive Steve Ballmer, according to a memo circulated internally earlier this month but only made public on Monday.
Eric Rudder, another Microsoft veteran, is taking on responsibility for Microsoft Research, Trustworthy Computing, and the Technology Policy Group, which were all run by Mundie.
A 20-year Microsoft veteran, Mundie was one of two men hand-picked by co-founder Gates to take over leadership of the technical side of Microsoft when he retired from day-to-day work at the company in 2008.
Mundie took over responsibility for the company's long-term research activities, while Ray Ozzie became chief software architect. Ozzie left Microsoft in 2010. According to Ballmer's memo, Mundie will retire from Microsoft in 2014, when he will be 65.
Mundie's new role was first reported on Monday by the All Things D tech blog.
(Reporting By Bill Rigby; Editing by Steve Orlofsky)
Source: http://news.yahoo.com/mundie-one-gates-successors-retire-microsoft-171801776--finance.html
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This Sunday, Dec. 23, 2012 image taken from video obtained from the Shaam News Network, which has been authenticated based on its contents and other AP reporting, shows Syrians helping a wounded man after a government airstrike hit the Hama Suburb of Halfaya, Syria. A government airstrike Sunday on a bakery in a rebel-held town in central Syria killed tens of people, which left scattered bodies and debris up and down a street, and more than a dozen wounded were trapped in tangled heap of dirt and rubble, activists said. (AP Photo/Shaam News Network via AP video)
This Sunday, Dec. 23, 2012 image taken from video obtained from the Shaam News Network, which has been authenticated based on its contents and other AP reporting, shows Syrians helping a wounded man after a government airstrike hit the Hama Suburb of Halfaya, Syria. A government airstrike Sunday on a bakery in a rebel-held town in central Syria killed tens of people, which left scattered bodies and debris up and down a street, and more than a dozen wounded were trapped in tangled heap of dirt and rubble, activists said. (AP Photo/Shaam News Network via AP video)
This Sunday, Dec. 23, 2012 image taken from video obtained from the Shaam News Network, which has been authenticated based on its contents and other AP reporting, shows Free Syrian Army fighters running towards the scene after a government airstrike hit Hama Suburb of Halfaya, Syria. A government airstrike Sunday on a bakery in a rebel-held town in central Syria killed tens of people, which left scattered bodies and debris up and down a street, and more than a dozen wounded were trapped in tangled heap of dirt and rubble, activists said. (AP Photo/Shaam News Network via AP video)
Free Syrian Army fighters walk amid the ruins of a village situated a short distance from an area where fighting between rebels and government forces continues, Saturday, Dec. 22, 2012. (AP Photo/Virginie Nguyen Hoang)
BEIRUT (AP) ? Syrian rebels fully captured a northern town near the Turkish border on Tuesday after weeks of siege and heavy fighting, activists said.
The takeover of Harem, a town of 20,000 in northern Idlib province, was the latest in a string of recent rebel successes that include the capture of wide areas along the border with Turkey. Most of those areas have been in northern Aleppo province, where anti-government forces have captured at least three large military bases.
The Britain-based Syrian Observatory for Human Rights said the rebels captured Harem in the early hours of Tuesday. Mohammed Kanaan, an Idlib-based activist, said the last post to be taken was the historic citadel, which overlooked the town. The army had turned the citadel into a military post.
"Harem is fully liberated now," Kanaan he said via Skype. He added that as the rebels pounded army posts and checkpoints in Harem, the troops withdrew to the citadel that later fell in the hands of rebels.
Rami-Abdul-Rahman, who heads to Observatory, said nearly 30 soldiers and pro-government gunmen surrendered late Monday. He added that rebels set free all gunmen at the age of 16 or less and referred others to local tribunals.
"Harem was very important because it is one of the towns that was loyal to the regime," Abdul-Rahman said by telephone about the town that is nearly a mile from the Turkish border.
In his traditional Christmas address, Pope Benedict XVI decried the slaughter of the "defenseless" in Syria, where anti-regime activists estimate more than 40,000 have died in fighting since the uprising began in March 2011.
The pope encouraged Arab spring nations, where long-serving dictators were forced to step down.
In Aleppo province, which neighbors Idlib, local activist Mohammed Saeed said rebels attacked a military base in the town of Mannagh near the border with Turkey. He said it is one of four air bases in the province.
Regime forces have been using helicopters to carry supplies to besieged areas and to attack rebel positions.
The regime has had increasing difficulty sending supplies by land to Aleppo province after rebels captured in October the strategic town Maaret al-Numan. The town is on the highway that links Damascus with Aleppo, Syria's largest city and commercial center and a major battleground in the civil war since July.
"Airplanes and helicopters are the only way to send supplies since the Free Syrian Army controls the land," Saeed said. He added that rebels are also laying a siege to Aleppo's international airport known as Nairab and threatening to shoot down military or civilians planes using it.
In the Damascus suburb of Jaramana, opposition gunmen ambushed the head of military intelligence in the area and seriously wounded him. He later died of his wounds, the Observatory said.
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