Friday, January 20, 2012

EBay reports higher 4Q earnings, revenue (AP)

SAN FRANCISCO ? EBay says its net income grew in the fourth quarter, helped by a gain on the sale of its remaining investment in Skype and higher revenue.

The e-commerce and online payments company said Wednesday that it earned $1.98 billion, or $1.51 per share in the October-December quarter. That's up from $559 million, or 42 cents per share, in the same period a year earlier.

Revenue grew 35 percent to $3.38 billion from $2.5 billion.

Excluding special items, eBay Inc. says it earned 60 cents per share.

Analysts polled by FactSet expected earnings of 57 cents per share on revenue of $3.32 billion.

San Jose, Calif.-based eBay is forecasting adjusted earnings of 50 cents to 51 cents per share in the first quarter. That's below Wall Street's expectations of 54 cents.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_hi_te/us_earns_ebay

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Thursday, January 19, 2012

Martin Luther King III Resigns as President of The King Center

Martin Luther King III has announced his resignation from his post as President of The King Center, with immediate effect, in a statement published on the?Atlanta Business Chronicle?Web site, on Tuesday.

The King Center, founded in 1968,?is a hub devoted to the legacy of his father, Dr. Martin Luther King Jr., and is the largest repository of primary source material on both him and American Civil Rights Movement, in the world.

The resignation comes a day after the country celebrated the Rev. Martin Luther King Jr. Day, a federal holiday established to honor his memory and service to nation. The King Center had earlier announced changes in their top management, via a release on Jan. 9. According to that statement, Bernice King was to have replaced her brother as CEO, allowing King III to retain the President's post. King III had been working in both capacities since the spring of 2010.

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"I will be devoting my primary future efforts towards launching a new organization that will focus on supporting a new generation of young 'drum majors for justice' worldwide to expand my commitment to the Kingian principles of nonviolence, social justice, and human rights," King III said, in the statement announcing his resignation.

There are no details as to why King III resigned from his post. His statement, however, adds he will continue to be associated with the Center, as an active member of the Board.

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Source: http://www.ibtimes.com/articles/283487/20120118/martin-luther-king-iii-resigns-president-center.htm

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Man City's road woes over

updated 6:05 p.m. ET Jan. 16, 2012

WIGAN, England - Edin Dzeko ended Manchester City's two-month road winless streak in the Premier League, scoring on a header off David Silva's free kick in the 22nd minute for a 1-0 victory over Wigan on Monday night.

Manchester City (16-2-3) which opened a three-point lead over second-place Manchester United (15-3-3), had lost at Chelsea and Sunderland and tied at Liverpool and West Bromwich Albion since winning Nov. 5 at Queens Park Rangers. Dzeko had been scoreless in 11 games overall since the victory at QPR.

Wigan (3-12-6) is 20th and last.

___

NAPLES, Italy (AP) ? Edinson Cavani extended his goal-scoring streak to four games, giving Napoli a 1-1 home tie against Bologna in the Italian league.

Robert Acquafresca put Bologna ahead in the 14th minute when he beat an offside trap, and Cavani tied the score in the 71st after a hand ball by Diego Perez, Cavani's fifth goal in four games.

Napoli (7-4-7) is sixth with 28 points, 10 points behind first-place Juventus. Bologna (5-9-4) is 16th with 19 points, four above the relegation zone.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Man City's road woes over

Edin Dzeko ended Manchester City's two-month road winless streak, scoring on a header in the 22nd minute for a 1-0 victory over Wigan.

Arsenal ouch

Arsenal's slim chance to contend took a serious blow on Sunday when the Gunners lost 3-2 at Swansea.

Source: http://nbcsports.msnbc.com/id/46016895/ns/sports-soccer/

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Wednesday, January 18, 2012

Israeli Hackers Kill Saudi and UAE Stock Markets [Hackers]

(Internet) war in the Middle East continues, with today's Israeli strike against the stock exchanges of Saudi Arabia and the United Arab Emirates. Both financial hubs were down for hours, and those responsible say they'l "move to the next level." More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/lrJmt2GM2cM/israeli-hackers-kill-saudi-and-uae-stock-markets

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Oil near $99 in Asia amid Europe debt jitters (AP)

KUALA LUMPUR, Malaysia ? Oil prices edged up near $99 a barrel in Asia on Monday amid concerns that tensions in the Middle East would hurt crude supply but gains are tempered by jitters over Europe's ratings downgrade.

Benchmark crude for February delivery rose 18 cents to $98.88 a barrel at midday Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract fell 40 cents to settle at $98.70 in New York on Friday.

Natalie Robertson, commodities analyst with ANZ Banking Group in Melbourne, said fears of supply disruption amid ongoing tension over Iran's nuclear program and a crippling nationwide strike in Nigeria supported crude prices but trade was subdued by headwinds from the declining debt crisis in Europe.

"The oil market is a bit mixed at the moment given all the uncertainties coming out of the Middle East as well as escalating issues in Europe," she said.

Standard & Poor's downgraded the government debt of nine eurozone countries including France, Austria, Italy and Spain, making it harder for the European Union to raise funds to overcome massive debts. Germany's rating remained at the coveted AAA level.

A recession appears likely in Europe, and huge spending cuts will likely reduce European energy demand this year.

Robertson said there was a downward bias for crude prices given soft demand and weak sentiment in Europe but forecast a floor of $95 a barrel before sentiment improves in the second half of the year.

In other energy trading, heating oil fell 0.75 cents to $3.0466 per gallon, while gasoline futures rose 1.83 cent at $2.7496 per gallon. Natural gas fell 13.3 cents to $2.5647 per 1,000 cubic feet.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120116/ap_on_re_as/oil_prices

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Tuesday, January 17, 2012

Mars probe 'falls over Pacific'

Continue reading the main story
  • 8 Nov (GMT): The probe launched successfully on its Zenit rocket from the Baikonur Cosmodrome
  • It was dropped off 11 minutes later in an elliptical orbit some 345km (apogee) above the Earth
  • Two firings from the probe's hydrazine-fuelled cruise stage were planned over South America
  • The first, lasting 11.5 minutes, should have raised the orbit of Phobos-Grunt to 4,000km
  • A second burn, four hours into the mission, was to have sent the probe on a path to Mars
  • But Russian engineers later confirmed that neither burn took place
  • Controllers made only limited radio contact with the probe; mission recovery was not possible
  • Re-entry was predicted for mid-January; 20-30 fragments were expected to survive the descent

Orbital tracking reports suggest Russia's failed Mars probe, Phobos-Grunt, fell back to Earth on Sunday, to be destroyed over the Pacific.

Russian, US and European sources announced the demise of the craft within minutes of each other.

It brings to an end the sorry story of this mission, which promised to return rocky samples from Mars' biggest moon.

Instead, after its launch in November, Phobos-Grunt could not get more than 345km from Earth before stalling.

Once it became clear that controllers could not establish contact with the probe and diagnose its faults, a fiery dive back to Earth was inevitable.

The spacecraft's last orbit took it over Japan, and the Solomon Islands, and to the east of Australia and New Zealand. Conflicting reports then had the final re-entry point across a great swathe of the Southern Ocean. Certainly, it seems Phobos-Grunt was down and destroyed before it could have passed over Chile.

The Russian space agency (Roscosmos) had estimated that no more than 200kg of the original 13-tonne launch mass of Phobos-Grunt would survive the destructive forces of a dive to Earth.

"According to information from mission control of the space forces, the fragments of Phobos-Grunt should have fallen into the Pacific Ocean at 1745 GMT," space forces spokesman Alexei Zolotukhin told the Interfax news agency.

This is the third high-profile spacecraft re-entry in four months, following the return in September of the American UARS satellite and the German Rosat telescope in October. Both fell over the ocean.

With so much of the Earth's surface covered by water, there was every chance Phobos-Grunt would do the same.

The mission was built to land on Phobos, to scoop up rock and bring it back to Earth for study in Earth laboratories.

Such a venture would have yielded fascinating new insights into the origin of the 27km-wide object and the planet it circles.

The mission was notable also because China's first Mars satellite, Yinghuo-1, was launched piggy-back on the main Russian spacecraft. It will have been destroyed along with Phobos-Grunt during the fall back to Earth.

The Russians have had a torrid run of space failures recently, leading the head of the country's space agency to wonder even if saboteurs were at work.

Western countries, which use Russian rockets to launch their satellites, are just worried though that some systematic failures have started to appear in what has traditionally been a highly regarded space industry.

With their own opportunity to go to Mars now lost, the Russians may decide to put their future interplanetary efforts into joint ventures with the Americans and the Europeans. The Russians have an offer from the US and Europe to join the ExoMars missions to the Red Planet in 2016 and 2018.

Continue reading the main story
  • Phobos-Grunt sat on the cruise stage that was supposed to take it to Mars. Attached also was the Yinghuo-1 satellite, China's first Red Planet mission
  • Most of this 2.5 tonnes of hardware would have burnt up in the atmosphere. The more-than-10-tonnes of fuel was expected to explode on re-entry
  • Phobos-Grunt's orbit around the Earth meant that it could only enter the atmosphere between the latitudes of 51.4 degrees North and South
  • Roughly one old satellite or rocket body falls to Earth every week, but at 13 tonnes Phobos-Grunt was one of the biggest, uncontrolled falls in years

Jonathan.Amos-INTERNET@bbc.co.uk and follow me on Twitter

Source: http://www.bbc.co.uk/go/rss/int/news/-/news/science-environment-16491457

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Obama honors Martin Luther King at Washington church (Reuters)

WASHINGTON (Reuters) ? President Barack Obama celebrated the legacy of slain civil rights leader Martin Luther King Jr. with his family on Sunday, clapping and swaying to the boisterous strains of "Amazing Grace" at a historic Washington D.C. Baptist church.

On the eve of the holiday marking King's birthday, the president, First Lady Michelle Obama and their daughters, Sasha and Malia, attended a service at Zion Baptist Church.

The Reverend Keith Byrd Sr. called on congregants to keep King's legacy alive and welcomed the first family.

"[The Obamas] came here to worship, and we want them to worship," Byrd said. "Bless you and thank you for joining us."

Deacon Hendri Williams, who also spoke at the service, closed his remarks by highlighting King's belief in the importance of religion and quoted from a letter King wrote from the Birmingham, Alabama, city jail to his fellow clergy in 1963.

King, a Baptist pastor, said the church was "not merely a thermometer that recorded the ideas and principles of popular opinion; it was a thermostat that transformed the mores of society," Williams said quoting from the now famous letter.

A recipient of the Nobel Peace Prize in 1964, King, was assassinated in 1968.

The Zion Baptist church was founded in 1864 by African Americans who migrated to Washington from Fredericksburg, Virginia.

(Reporting By Alexandra Alper; editing by David Bailey.)

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20120115/pl_nm/us_obama_mlk

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