Diberdayakan oleh Blogger.

Popular Posts Today

US stocks are little changed as 2013 winds down

Written By Unknown on Senin, 30 Desember 2013 | 22.26

NEW YORK — Stocks are little changed in the early going as Wall Street gets ready to close the books on a historic year.

The Dow Jones industrial average was up nine points, or less than 0.1 percent, at 16,487 in the first few minutes of trading Monday.

The Standard & Poor's 500 index was flat at 1,840. The Nasdaq composite was down 11 points, or 0.3 percent, at 4,145.

With just two days left in 2013, the S&P 500 is on track for an annual gain of 29 percent, its best year since 1997. With dividends included, it's up 32 percent.

Crocs jumped $1.70, or 13 percent, to $15.04 after the shoe maker said it was getting a $200 million investment from the private equity firm Blackstone.


22.26 | 0 komentar | Read More

Crocs CEO leaving as Blackstone invests $200M

NIWOT, Colo. — The company that makes Crocs shoes is getting a $200 million bailout from a private equity fund, and its CEO is retiring.

Crocs says it will use the money from Blackstone, plus cash on hand, for a $350 million share buyback.

The deal gives Crocs a cash infusion, gives Blackstone two seats on the board and preferred shares that pay a 6 percent dividend, and gives shareholders an additional return by way of the buyback.

Crocs shares peaked above $75 in 2007 as buyers snapped up the clogs known for being comfortable but ugly. But it hasn't been able to add new products with the same popularity.

Shares fell to around $1 in late 2008 before beginning a recovery. In premarket trading Monday they rose $1.69, or almost 13 percent, to $15.02.

Crocs also said late Sunday that CEO John McCarvel is retiring and giving up his board seat around the end of April. He has been with Crocs since 2005, and had been president and CEO since 2010. The company said it has begun an outside search for his replacement.

McCarvel called the Blackstone investment "a vote of confidence in our company and our brand."

Crocs also said fourth-quarter revenue will be at the low end of the $220 million to $225 million it had predicted, and its quarterly loss will be at the worse end of the 20 cents to 23 cents per share it had predicted. Analysts surveyed by FactSet had been expecting a loss of 20 cents per share on revenue of $222 million.


22.26 | 0 komentar | Read More

NBC's 'Today' show returns to glory days

NEW YORK — The glory days returned for the "Today" show — for one day at least — as NBC's morning show brought back Bryant Gumbel and Jane Pauley for a one-day nostalgia turn as co-hosts on Monday.

Gumbel and Pauley, who worked together on "Today" from 1982 to 1989, joined birthday boy Matt Lauer on the set. It wasn't ceremonial: with Savannah Guthrie and Natalie Morales off, Gumbel and Pauley had to work.

"Getting up was a little difficult and the studio has changed enormously," Gumbel said. Pauley said the fast pace makes the experience go "like a bat out of heck."

NBC hoped the trio's easy camaraderie enticed viewers. After a well-publicized tumble last year, the show runs second in the ratings to ABC's "Good Morning America." Pauley, who does occasional reports for the show, left as host in 1989 while Gumbel gave way to Lauer in 1997.

There were a few film clips of Pauley back in the big hair days. "I understand Gene Shalit's standing by to review 'Back to the Future,'" Al Roker quipped during a weather segment.

Gumbel and Pauley easily navigated a cooking segment (poached salmon and pasta). That was like old times, but the segment on what is trending on Twitter wasn't.

Not everyone's memory was clear. A sign held up by a fan outside the studio misspelled Gumbel's name.

___

Online:

http://www.today.com/


22.26 | 0 komentar | Read More

Armed group attacks state radio, TV in Congo

DAKAR, Senegal — Assailants armed with machetes and automatic weapons attacked the state television station, the airport and the main military base in Congo's capital in what appeared to be a coup attempt early Monday, before being repelled by the country's military, officials and witnesses said.

Congo's government spokesman Lambert Mende confirmed the attack, saying around 40 people were killed in the exchange of fire Monday morning, including 16 at the military base, 16 at the airport and eight at the TV station. Another six were captured, he said. He also confirmed that shooting had broken out in Lubumbashi, the country's second-largest city located in southeastern Congo, though by afternoon calm had returned.

"These are terrorists, you can't call them anything else," Mende said.

Most residents of this sprawling African capital first realized the attack was under way while watching a morning talk show on Radio Television Nationale Congolaise, the state broadcaster. The presenter of "Le Panier," or "The Breadbasket" show, was in mid-sentence, when the intruders burst in. They had time to identify themselves as being devotees of a local prophet, before the signal on state TV was cut, said Pascal Amisi, the deputy chief of staff of Congo's Minister of Communication. Between 7 a.m. and 8 a.m. local time, gunmen also attacked the international airport and the military camp in the capital housing the country's senior army leaders, he said.

"They attacked three different targets at the same time," said Amisi. "We don't know for sure who they are but the group that attacked the TV station said they were representing Prophet Mukungubila," he said, naming Gideon Mukungubila, an evangelical Christian leader in Congo, who has built-up a following and who broadcasts messages on local TV and radio. "Around 30 men attacked the TV station while the 'Le Panier' show was in progress. They came in with knives and said they had a political message to share, before the signal was yanked."

At the state TV station, an employee who was inside the building when the attack began described a scene of confusion, and terror.

"There were around 30 armed men who burst into the headquarters of the television station. They started firing, and we hid," said the employee who refused to give his name out of fear for his safety. He said that before they were chased out, they had time to scream out, "Gideon Mukungubila has come to liberate Congo from the slavery imposed on us by Rwanda."

With a population of nearly 66 million, Congo spans a territory as large as Western Europe. It has twice gone to war with its smaller neighbor to the east, Rwanda, which as recently as this year was accused of propping up a rebel group, ensconced in Congo's eastern forest.

President Joseph Kabila, who is himself from the east and is derided by his opponents as being "Rwandan," came to power in 2001, after the assassination of his father, warlord Laurent Kabila. The elder Kabila marched his rebel army into Kinshasa in 1997, grabbing power in a coup.

Even in a place that has suffered numerous coups, and whose remote forests are still home to armed groups, the attack in the capital on Monday came out of left field, surprising many. International flights that were about to land in Congo made U-turns in the air, including one carrying more than 100 passengers including The Associated Press' local correspondent.

"We took off this morning for Kinshasa, and after one hour in the air, the pilot announced that the airport was under attack," said Saleh Mwanamilongo by email, after his flight returned to South Africa. "The pilot went on the intercom to say, 'We have just learned that there is gunfire at the Ndjili Airport, and as we cannot land, we will need to return to Johannesburg.'"

In an emergency message, the American Embassy in Kinshasa said it had received reports of armed engagements and fighting throughout Kinshasa, as well as indications that numerous police and military checkpoints had been erected. "The embassy urged all U.S. citizens to stay in place and not travel around the city until further notice," the statement said.

__

Associated Press writer Saleh Mwanamilongo contributed to this report from Johannesburg.


22.26 | 0 komentar | Read More

Stocks are flat in quiet end-of-year trading

NEW YORK — Stocks were little changed in early trading Monday as investors closed out their positions for what has been a historic year on Wall Street.

Traders had little corporate or economic news to work through. The bond market was quiet as well. The yield on the benchmark 10-year Treasury note continued to hover near 3 percent.

KEEPING SCORE: The Dow Jones industrial average was up 5 points, or less than 0.1 percent, to 16,426 in the first half-hour of trading. The Standard & Poor's 500 index fell less than a point to 1,840 and the technology-heavy Nasdaq composite fell 13 points, or 0.3 percent, to 4,144.

TWITTER TUMBLE: Twitter was among the biggest decliners in early trading. Twitter lost $3.99, or 6 percent, to $59.95. Wall Street analysts said Friday that the stock, which is still up 44 percent this month alone, had risen too far, too fast. Twitter slumped 13 percent on Friday.

OTHER TECH STOCKS ALSO LAG: Facebook lost $1.23, or 2 percent, to $54.25 and Netflix fell $5.65, or 2 percent, to $361.70. Both were among the year's biggest gainers. Facebook rose more than 100 percent in 2013, Netflix nearly 300 percent.

END OF THE YEAR: Both the New York Stock Exchange and the Nasdaq Stock Market will be closed Wednesday for New Year's Day. Trading is expected to be volatile as investors use the next two trading days to close out their positions for 2013.

CROCS JUMPS: Crocs soared $1.72, or 15 percent, to $15.02 after the company announced it was getting a $200 million investment from private equity firm Blackstone and its CEO was retiring.

JAPAN CLOSES OUT HISTORIC YEAR: Japan's Nikkei stock index closed higher for a ninth straight day Monday. The index ended 2013 up 57 percent, its best year in decades.


22.26 | 0 komentar | Read More

Mass. couple promote new craft beer business model

Written By Unknown on Minggu, 29 Desember 2013 | 22.27

BELMONT, Mass. — Kate Baker and Suzanne Schalow founded Craft Beer Cellar in Belmont in 2010, and today, at any given time, its 1,500 square feet of retail space are filled with more than 1,000 beers from 350 breweries. Beers are organized by region, from Worcester to the West Coast, with an emphasis on local brews. Employees have jobs like Head Beer Geek, Ambassador of Fine Ales and Lagers, and Hoptologist and wear hooded sweat shirts emblazoned with the words "Beer Geek."

"People take two steps in the door and they don't know how to proceed," says Brian Shaw, who opened a Craft Beer Cellar in Newton Centre recently, joining franchises in Winchester, Westford, and Braintree. "People say, 'Oh my God, I didn't know there was this much beer.'?"

Is there ever. And now Baker and Schalow are betting their model can work elsewhere as they expand to New Hampshire and Vermont, as well as Florida, St. Louis, and maybe Seattle. Their goal is to make people think about whether to buy a Pretty Things Jack D'Or or a Sierra Nevada Pale Ale as carefully as they would wrestle between a cabernet or a merlot.

It is a risky quest. Despite craft beer's popularity boom, creating a national franchise of specialty beer stores has not been done. One reason could be that craft beers accounted for only 10 percent of the dollars in total beer sales in the United States in 2012.

Craft Beer Cellar stores carry flavorful ales and lagers that are brewed to traditional standards and can be hard to find.

Baker and Schalow prefer to focus on other numbers, like the 2,403 brewers that operated in the United States in 2012, the most since the 1880s, according to the Brewers Association. Schalow and Baker hope to capitalize on this explosion by packing each small, service-oriented store with carefully curated beer while leaving out nips, cigarettes, and jugs of wine.

"Beer store is still not a 'category' in the world," says Schalow. "No one has done this. No one has put everything on the line and said, 'I can teach people about great beer.'?"

Schalow and Baker, partners in life as well as business, met in 2002 when Schalow, then a manager at Cambridge Common restaurant, hired Baker. The first beer Baker consumed in front of Schalow was a Budweiser.

"I almost fell over," Schalow says.

Around that time, Schalow wanted to take Blue Moon, a MillerCoors product, off the bar's tap list. When ownership said no, she challenged her staff to "sell the heck" out of something else, and Magic Hat's Circus Boy, a craft beer, eventually replaced Blue Moon.

Baker and Schalow married in 2010, and the couple decided that year to leave the restaurant and open the beer store.

"When I told her craft beer store, she was a lot supportive and a little skeptical," says Schalow. "I told her, 'If we make it amazing, they will come, it doesn't matter where it is.'?"

The pair have scoured the region looking for craft beer from hard-to-find brewers. Stores carry multiple styles from brewers like Northampton's Brewmaster Jack, Everett's Night Shift Brewing, and Plymouth's Mayflower Brewing, as well as beers from Belgium, Italy, and France.

"It's all about building and cultivating the relationships," says Baker. "And it could be with a distributor, or a bartender, or a homebrewer who has visions of creating their brewery."

"They're really in tune with the culture of craft beer," says Mark Vasconcelos, craft brand manager for Burke Distributing, a Massachusetts company that delivers 37 craft brands to stores around the state, in addition to larger brands like Coors Light. "They're proactive in letting us know if there's something that's going to be in demand by the consumers."

Carrying 350 beer brands is not without challenges. "Beer is the least marked up drinkable thing," Baker says. "There's a reason why no one has done this before."

A big reason is that light beer, in particular, remains hugely popular.

"We celebrate the beer renaissance currently taking place, and we are proud to offer beer drinkers a portfolio of great beers for every drinking occasion," Karina Diehl, a spokeswoman for MillerCoors, said in a statement. "Light beer is the largest segment in the American beer industry for a reason."

John Libonati and Chris Schutte own Social Wines in South Boston, which carries only premium beer, but also wine and spirits. They acknowledge the higher markups on wine make it easier to not carry the big-name beers.

"The growth of the craft beer market right now isn't being fueled by people who only want beer," says Jeff Wharton, co-founder of DrinkCraftbeer.com. "I think the world is ready for more liquor stores with a craft beer ethos."

Craft beer, by definition, means small, independently owned, and brewed to traditional standards; it accounted for 6.5 percent of the volume of all beer sold in 2012, according to the Brewers Association. Schalow knows craft beer is not yet on everyone's radar.

"We're the crazy hippies with the headbands, screaming and shouting and carrying the torches," she says.

To better reach the masses, the store has tried to engage potential customers through social media. Lee Movic, who runs Craft Beer Cellar's social media accounts, positions himself as an advocate for craft beer, not just the store. Movic attends events, even for competing stores, pushing craft. He tweets about those events, new beer arrivals, and generally positive messages like, "Good morning, beer geeks. We hope you have a great day today."

He is luring new customers the only way he knows how. "Everyone loves great customer service," he says, "so we start with that."

Franchising was not always the plan, says Baker. The pair spent "close to 50 hours" scouting store locations in St. Louis before hiring a real estate developer to help. They admittedly don't know the Brandon, Fla., market as they know Belmont. Selecting new franchise sites and owners has taken them away from their base.

"The first couple months were humbly painful," says Schalow. She says the store's regular customers weren't used to seeing them less.

Movic says the store's brand is intrinsically linked to Baker and Schalow. "But it is already becoming much more than that," he adds.

Despite early challenges, the owners — with a staff of about 30 people and growing — remain devoted to spreading their motto of "Don't drink crap beer." Schalow talks in great detail about educating her staff and the public ("If you can't buy good beer from me, just buy good beer," she says), and several staffers eagerly share their "a-ha" moments of talking dazed and confused customers "down from that scary place" and converting them into regulars.

Shaw, the Newton Centre store owner, says business has been brisk since the opening on Oct. 30. Kay Lorenz, one of the owners of the Braintree Craft Beer Cellar, says she has "been welcomed with open arms" by neighboring retailers. On a day in late November, a new 20-something employee introduced himself to Schalow on his first day.

"This is so much fun," he says, his voice rising in pitch with excitement. "I just love working here!"

Schalow smiles. "You'll fit right in."


22.27 | 0 komentar | Read More

Gaming foes await SJC decision

Attorney General Martha Coakley is pushing for swift action by the state Supreme Judicial Court on the legality of a ballot initiative to repeal the Bay State's two-year-old expanded gaming law, a question that looms large over the awarding of casino licenses.

Coakley rejected the initiative in September, arguing it would damage the contractual rights of those bidding for casino licenses. Those pushing the ballot question appealed Coakley's ruling to the Supreme Judicial Court, which is expected to hear arguments and make a decision in the spring, the same time the state Gaming Commission plans to award casino licenses.

"We expect to request that the SJC take up this matter promptly in order to reach a final determination," Coakley spokesman Brad Puffer said. "While our office determined that the question does not meet constitutional requirements, the most important thing is to get the right result."

If approved to go before voters on the November 2014 ballot, the question would pose huge problems for anyone looking to develop a casino in Massachusetts.

"It's an open question," said Matthew Cameron, an attorney for the repeal group. "I think, honestly, that the smartest thing would be an injunction (on casino development) if it clears the SJC. I think the industry's going to be pretty scared if they see that's going on the ballot."

The Gaming Commission has yet to take a stance on what would happen to casinos awarded licenses in the spring if it appears the law could be overturned in the fall.

"The commission has not taken up this topic yet," commission spokeswoman Elaine Driscoll said.

For now, casino companies are keeping a poker face about the potentially game changing ballot question.

"We knew that was out there when we went after this, we knew that was looming, but we feel that this is a project that is worth pursuing," said Mitchell Etess, CEO of Mohegan Sun, which is going for a license to open a casino on the Revere side of Suffolk Downs and reached a host agreement with the city last week. "I can't control what's going to happen, we can only just keep going, one foot ahead of the other, and get everything done that we need to get done. It has by no means deterred us."

The proponents — a collection of casino foes who played a key role in defeating a Suffolk Downs casino plan in East Boston in November — are proceeding as if they are in the clear. On Dec. 9, Secretary of State William Galvin certified 72,901 signatures they had collected, exceeding the 68,911 needed to get on the ballot.

Revere Mayor Dan Rizzo, a strong casino supporter, said the initiative is frustrating.

"That horse left the barn back in November 2011, expanded gaming is allowed here in the state," Rizzo said. "Now, it's not good enough for them that they're not going to have a casino in East Boston. It's really become a huge distraction to what the state's trying to do, and that's create jobs and hundreds of millions of dollars in enhancements."


22.27 | 0 komentar | Read More

Is an older Cadillac a good candidate for synthetic oil?

I recently purchased a 2001 Cadillac Deville with 52,000 original miles. The service advisor at the dealership recommended using conventional oil or a synthetic blend. I was told there can be problems with synthetic oil causing gasket failure on older engines. Is this true?

I don't think you'd have any issues using full synthetic oil in your vehicle — it's not that old and has low mileage. The theory behind oil consumption or leakage issues using synthetic oil in older engines is based on the fundamental difference between "natural" petroleum oil and "manufactured" synthetic oil. Every molecule of synthetic is exactly the same size, as opposed to the random size of conventional oil molecules. It was thought that the larger of the random-sized molecules in conventional oil tended to reduce oil leakage past gaskets and seals by blocking the smaller molecules from escaping. Since synthetic molecules are all the same size, there's no "blocking" action to slow/stop/prevent oil leaks.

Do I think this is a serious concern? No. First off, no oil will cause "failure" of a gasket or seal. Secondly, if your engine doesn't leak oil now, it very likely won't with synthetic. And if it did, just switch back to conventional petroleum oil. However, if your engine already has an oil leak, it may leak more using synthetic. Again, the solution is to switch back to petroleum oil.

Remember, GM recommends 5W-30 "SJ" rated oil for any ambient temperature above 0 degrees F. Conventional and synthetic oils both meet these specs.

• • •

I have a problem with my 2009 Toyota Camry with the 3.5-liter V-6 engine. It is impossible to check the oil level using the dipstick. Oil is constantly smeared up the dipstick several inches, even after sitting for several days. I change oil myself every 5,000 miles and can only verify that the engine is not consuming oil by measuring the 6.5 quarts that end up in my drain pan. The engine now has 105,000 miles. Do you have a suggestion?

A check of my ALLDATA database and online found no information on this issue, which tends to tell me that it is unique to your vehicle. I'm sorry to ask such an obvious question, but do you pull the dipstick, wipe it clean, reinsert it and then pull it again to check the oil level? In most cases, this will eliminate the excess oil that has splashed up into the bottom end of the dipstick tube from registering on the dipstick.

Assuming you've done this and still get smeared readings, the only things I can suggest are to pull the dipstick, wipe it clean and leave it only partially inserted in the tube overnight, then check the level in the morning. Also, try rotating the dipstick in 90-degree increments before reinserting into the tube and recheck. And finally, reduce the oil volume from 6.4 quarts to 6 quarts to see if the engine "likes" this slightly lower but still entirely safe amount of oil.

• • •

In 2003 we bought a Saturn Vue. We had a sheet of plastic film put on the front of the hood to deter chips from road debris. We are thinking of trading it in and it would look better without it as the years have made it look pretty bad. Do you have any thoughts on how to peel this off and not damage or peel off the paint?

Since your plan is to trade in the vehicle, I wouldn't bother trying to remove the protective film. Let the dealer's "detailer" do this. I've had some success using heat from a hair dryer or heat gun, or you could try a solvent like 3M's adhesive remover and surface cleaner.

I really don't think leaving the film on the car will have a significant effect on the car's trade-in value. In this case, I think the risk outweighs any potential benefit.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor and former race-car driver. Readers may write to him at: Star Tribune, 425 Portland Ave. S., Minneapolis, Minn., 55488 or via email at paulbrandstartribune.com. Please explain the problem in detail and include a daytime phone number. Because of the volume of mail, we cannot provide personal replies.


22.27 | 0 komentar | Read More

Market Basket’s CEO blasts board’s website

Market Basket CEO Arthur T. Demoulas has taken the grocery chain's contentious board to task over alleged inaccuracies on a website that it's using to communicate with workers.

In a letter to chairman Keith Cowan that Demoulas shared with employees, he stated his opposition to the "unprecedented" website and highlighted information on it that he said is significantly "wrong." He also asked the board to shut down the site.

"I am completely opposed to the board having a website," Demoulas said in the letter to Cowan. "Any company should speak to its associates, its customers and the public through its CEO. I urge you to promptly either close the website or, at a minimum, fix the site and eliminate the half-truths and inaccuracies."

Demoulas said the site takes the position of so-called "A" directors aligned with his rival, Arthur S. 
Demoulas, who waged an earlier campaign to remove his cousin from the CEO's post and rein in his duties amid a long-running family feud.

The board, meanwhile, has made only one of Demoulas' recommended changes to the site's "frequently asked questions" page, but updated others. It acknowledged that it's hired an executive search firm to "assure that both corporate succession planning and the identification and development of additional executive talent is an integral part of long-term planning ... The search firm is not looking for a new president."

The board has no intention to take down the site, according to a board spokeswoman. "The board has made it clear why it created the website, and the board will continue to use this vehicle to provide factual information to the company's stakeholders," she said.

A spokeswoman for 
Arthur T. Demoulas said he declined comment. In his letter to employees, Demoulas said he was forwarding the Cowan letter to "set the record straight."

"It is important that when the company decides to communicate with its associates, it do so truthfully," he said in the letter.


22.27 | 0 komentar | Read More

Federal health market surpasses 1 million signups

HONOLULU — A December surge propelled health care sign-ups through the government's rehabilitated website past the 1 million mark, the Obama administration said Sunday, reflecting new signs of life for the problem-plagued federal insurance exchange.

Of the more than 1.1 million people now enrolled, nearly 1 million signed up in December, with the majority coming in the week before a pre-Christmas deadline for coverage to start in January. Compare that to a paltry 27,000 in October —the website's first, error-prone month — or 137,000 in November.

The figures tell only part of the story. The administration has yet to provide a December update on the 14 states running their own exchanges. While California, New York, Washington, Kentucky and Connecticut have performed well, others are still struggling.

Still, the end-of-year surge suggests that with HealthCare.Gov now functioning better, the federal market may be starting to pull its weight. The windfall comes at a critical moment for Obama's sweeping health care law, which becomes "real" for many Americans on Jan. 1 when coverage through the exchanges and key patient protections kick in.

"As we continue our open enrollment campaign, we experienced a welcome surge in enrollment as millions of Americans seek access to affordable health care coverage," Marilyn Tavenner, the head of the Center for Medicare and Medicaid Services, said in a blog post.

The fledgling exchanges are still likely to fall short of the government's own targets for 2013. That's a cause for concern, because Obama needs millions of mostly younger, healthy Americans to sign up to keep costs low for everyone. The administration had projected more than 3.3 million overall would be enrolled through federal and state exchanges by the end of the year.

Tavenner said fixes to the website, which underwent a major overhaul to address widespread outages and glitches, contributed to December's figures. But the problems haven't totally disappeared. Thousands of people wound up waiting on hold for telephone help on Christmas Eve for a multitude of reasons, including technical difficulties.

The administration released the figures Sunday while President Barack Obama was vacationing in Hawaii. Although the president has spent most of his time relaxing with friends and family, he stepped into work mode late Friday for an update from aides on his signature domestic policy achievement. The White House said Obama told his team to focus on minimizing disruptions for those switching plans.

For Americans who successfully chose insurance plans by Dec. 24, coverage should start on New Year's Day for those who pay their first month's premium by the due date, which in most cases has been extended until Jan. 10.

But insurers have complained that another set of technical problems, largely hidden from consumers, has resulted in the government passing along inaccurate data on enrollees. The White House says the error rate has been significantly reduced. Yet with a flood of signups that must be processed in just days, it remains unclear whether last-minute enrollees will encounter a seamless experience if they try to use their new benefits come Jan. 1.

The political fallout from the website's calamitous rollout could pale in comparison to the heat that Obama might take if Americans who signed up and paid their premiums arrive at the pharmacy or the emergency room and find there's no record of their coverage. Republican critics, already on the lookout for health-law failures to exploit in the 2014 midterm elections, would be emboldened to argue that shortcomings with the law's implementation have jeopardized Americans' health.

As make-or-break January approaches, officials are also working to prevent gaps in coverage for millions of Americans whose individual policies were canceled this fall because they fell short of the law's requirements. In one of a series of last-minute tweaks, the administration in December said even if those individuals don't sign up for new plans, they won't face the penalty the law imposes on Americans who fail to get insurance by March 31.

A key indicator of whether state-run exchanges are keeping pace with the federal exchange will come next month, when the administration releases full December figures. Overall, the goal is to sign up 7 million Americans before the first-year open enrollment period closes at the end of March.

A few states offering their own updates have posted encouraging totals, including New York, where more than 200,000 have enrolled either through the state exchange or through Medicaid, a government program expanded under Obama's health law to cover more people. In California, a tally released Friday showed nearly 430,000 have enrolled through the exchange so far.

"The basic structure of that law is working despite all the problems —despite the website problems, despite the messaging problems," Obama told reporters before departing for Hawaii.

Another major unknown is whether the recent surge in enrollments skewed toward older Americans whose medical needs are expensive to cover, or whether the administration succeeded in recruiting younger and healthier people whose participation is critical to the law's success. Those details for December are expected to be released in mid-January.

Meanwhile, with the website now able to handle higher volumes without crashing or clogging up, the government plans in January to ramp up outreach to consumers to encourage more people to sign up, the administration said.

___

Reach Josh Lederman at http://twitter.com/joshledermanAP


22.27 | 0 komentar | Read More

The Ticker

Written By Unknown on Sabtu, 28 Desember 2013 | 22.26

Judge: Surveillance OK

The heated debate over the National Security Agency's bulk collection of millions of Americans' telephone records fell squarely into the courts yesterday when a federal judge in Manhattan upheld the legality of the program and cited its need in the fight against terrorism just days after another federal judge concluded it was likely not constitutional.

The ruling by U.S. District Judge William H. Pauley III and an opposing view earlier this month by U.S. District Judge Richard Leon in Washington, D.C., sets the stage for federal appeals courts to confront the delicate balance when the need to protect national security clashes with civil rights established in the Constitution.

Pauley concluded the program was a necessary extension of steps taken after the Sept. 11 terrorist attacks.

1.3M losing unemployment today

An estimated 1.3 million Americans are bracing for a harrowing, post-Christmas jolt as extended federal unemployment benefits expire today, with potentially significant implications for the recovering U.S. economy. A tense political battle likely looms when Congress reconvenes in the new, midterm election year.

Nudging Congress along, a vacationing President Barack Obama called two senators proposing an extension to offer his support. From Hawaii, Obama pledged yesterday to push Congress to move quickly next year to address the "urgent economic priority," the White House said.

Hollywood 2013: Top box-office year

Despite a string of summertime flops, Hollywood is expected to have a banner year at the domestic box office, coming in just shy of $11 billion, the largest annual take ever. But because of higher ticket prices, actual attendance at North American theaters remained flat after a decade of decline.

With the current domestic box office tally nearly 1 percent ahead of last year at this time, 2013 could surpass 2012's overall haul of $10.8 billion by more than $100 million, according to box office tracker Rentrak.

First Night Boston now has an app

First Night Boston will have an app ­— available for download now — with schedules, maps and event information, the mayor's office said yesterday.

"We're thrilled to have this useful tool available for visitors to this year's First Night," said Mayor Thomas M. Menino in a statement. The app was made by Boston company Sparkline Digital.

  • Skanska USA announced the promotion of Paul Hewins to co-chief operating officer overseeing Connecticut, Massachusetts, Delaware and Pennsylvania for Skanska USA Building. Hewins has 28 years in the construction industry.
  • TD Bank has promoted Jacqueline M. Dawe to assistant vice president, merchant services representative II in Haverhill. She will continue to be responsible for generating new merchant account relationships and provide support to area stores and commercial lenders serving northern Massachusetts, including the Merrimack Valley and the North Shore.
  • Eastern Bank announced the appointment of Anthony George as a vice president and commercial lender in the bank's business banking division. George, based in the Norwell office, is responsible for serving small business owners on the South Shore, including Braintree, Marshfield, Scituate, Hull, Hanover, Hingham and Weymouth.

22.26 | 0 komentar | Read More

Delta says it will honor man’s tix

Delta Airlines has reversed its decision — after repeated Herald inquiries — to deny a man planning a family vacation to Disneyland the rock-bottom fare he booked through Orbitz on Thursday due to a systemwide web glitch that also offered $68 Hub-to-Hawaii round-trip flights.

"I'm not so frustrated by losing the tickets, just more by the way they're treating me," said Abel Feldhamer of Long Island, N.Y., when he first contacted the Herald yesterday. "They're getting good press proclaiming they're honoring these fares when they're slapping some people in the face."

Feldhamer thought he had snagged six round-trip tickets using Orbitz between New York City and Los Angeles for a total of $152.46 during a Delta.com malfunction Thursday.

"Your flight and seats are confirmed," read an email from Orbitz. A Delta agent confirmed his reservation and seat selection over the phone. His credit card was even charged.

But five hours later — after he had booked a rental car and as his wife shopped for hotels — an Orbitz email arrived with the bad news.

"Due to limited availability, the airline was not able to confirm the flights you requested. As a result no tickets have been issued for this trip."

Feldhamer then called customer support lines for Orbitz and Delta — at one point even looping both in for a conference call. The Orbitz rep blamed Delta, which in turn claimed no tickets had ever been issued.

Feldhamer even filed a complaint with the U.S. Department of Transportation.

An Orbitz spokesman did not return a call or email from the Herald yesterday.

Delta spokeswoman Jennifer Martin yesterday afternoon insisted the airline would honor all incorrect fares "regardless of the channel booked" and urged people to call customer support if their booking agent incorrectly canceled the deal.

But moments later, Feldhamer received an email from Delta rep Sheri Lee, who wrote: "Upon review of your Record Locator ... it appears your purchase was not completed."

But when confronted with the seemingly conflicting messages, Delta spokeswoman Martin told the Herald the Feldhamer family would be able to take the Disneyland vacation after all.

"This customer is being contacted momentarily by Delta's Customer Care to correct this situation," said Martin. "The tickets they purchased will be honored."


22.26 | 0 komentar | Read More

Target: Card PINs stolen

Security experts warned yesterday that even though personal identification numbers stolen from consumers' debit cards during Target Corp.'s data breach were "strongly encrypted," they still could be vulnerable to abuse.

Target customers who have not already done so should change their PINs, because such data has been decrypted, or unlocked, before, according to Gartner security analyst Avivah Litan.

"Nothing is infallible," she said. "It's not impossible, not unprecedented (and) has been done before."

Target, which announced Dec. 19 that hackers had gained access to sensitive customer information from up to 40 million debit and credit cards used at its U.S. stores from Nov. 27 to Dec. 15, yesterday confirmed customers' "strongly encrypted" PINs also were stolen.

But the Minneapolis retailer said it was confident the PINs were secure, because the "key" needed to decrypt them is not stored in Target's point-of-sales system and therefore could not have been taken during the cyber attack.

"We remain confident that PIN numbers are safe and secure," spokeswoman Molly Snyder said. "The PIN information was fully encrypted at the keypad, remained encrypted within our system and remained encrypted when it was removed from our system."

When a shopper uses a debit card at Target and enters a PIN, it is encrypted at the keypad with Triple DES, a "highly secure" data encryption standard used broadly in the United States, according to Snyder.

"The PIN information ... can only be decrypted when it is received by our external, independent payment processor," she said.

But there's still potential for hackers to gain access to customers' debit card accounts, said Shane Shook of cyber security firm Cylance Inc., which has investigated some of the biggest cyber breaches. Shook said many debit card holders use easy-to-guess PINs such as 1234 and, in some investigations, he's found more than 20 percent of PINs could easily be guessed.

Target, which is in the early stages of the breach investigation, said it will continue to share information as it's confirmed.

"While we believe their statement is accurate right now, we also know that they're continuing to conduct this forensic analysis," said Eva Velasquez, CEO of the nonprofit Identity Theft Resource Center in San Diego. "It stands to reason as they get deeper into that ... they will uncover more information."

Herald wire services were used in this report.


22.26 | 0 komentar | Read More

2014 Nissan Versa strikes right note

You know, for a little get-me-to-work-comfortably kind of car, I'll take the 2014 Nissan Versa Note SV hatchback.

I ventured up Interstate 95 to southern Maine thinking the Versa would struggle on the highway, but a pleasant surprise was in store. The ride was comfortable, compliant, relatively quiet, and the car moved calmly through traffic as long as you kept your foot heavy on the accelerator. Around town the car is quick and agile. It lacks some of the handling panache of other entry-level cars and you do get some rough road feel into the cabin, but the appointments in the upgraded SV trim with the optional technology package made up for the ride. Most of the surfaces were hard plastic, but the steering wheel was leather-wrapped and the multi-hued cloth interior was attractive.

The upgrades quickly rolled the base price of our tester from $14,800 to $19,545. But the extra touches turned this into more than a functional driver. The upgrades include some niceties such as a 5.8-inch touch display with voice recognition, Bluetooth telephone and streaming, Google connectivity and styling components such as 16-inch aluminum wheels, chrome trim and a push-button starter.

It's powered by a 1.6 liter, 109 horsepower four-cylinder motor mated to a continuous variable transmission. Although noisy under heavy acceleration, the CVT responds quickly without getting overly strung out like others. But the bonus is the stingy use of gas. Pumping out nearly 40 miles per gallon on the highway and roughly 30 around town keeps this runabout on the road for a long time between gas station stops, and that's a good thing because it only holds about 10 gallons.

I find the hatchback to have more curb appeal than the sedan. The short swept hood blends nicely into the styled body. The hatchback allows more rear legroom and a tidy storage area. Flip the rear seats down and the deck provides ample room for luggage or groceries.

The compact car field has many interesting offerings from the sexy and cute Fiat 500 and Mini Coopers to great drivers like the Ford Fiesta and Honda Fit to basic commuter cars like the Chevy Sonic and Hyundai Accent. All have good qualities, but I'd recommend this car based on its sturdiness and some of the standard features.

With good gas mileage, park-it-anywhere size — it's only 193 inches long — and don't-break-the-bank car payments, Nissan has clearly found a nice combination.


22.26 | 0 komentar | Read More

Duplex at FP3 has airy elegance

This spectacular duplex at FP3 on Congress Street has floor-to-ceiling glass from all living areas and bedrooms, with great views of the Financial District and Fan Pier out to Boston Harbor.

Built in 2006 as part of the 92-unit FP3 building designed by prominent Boston architect David Hacin, Unit 602 is in the new construction section of the complex and on two of the top four floors that sit like glass boxes atop the building.

The two-bedroom unit is filled with light, thanks to the wall of windows, light maple floors and unobstructed views over the surrounding brick warehouses.

On the sixth and seventh floors, the 1,751-square-foot unit has an airy feel thanks to its open plan and high ceilings. It's on the market for $1,751,000.

The building's lobby is nicely appointed, with a concierge and a gallery that features revolving shows of contemporary artists.

The units are off carpeted hallways with sconce lights and recessed doorways.

Unit 602 opens into a maple foyer with two closets — one for coats and storage, and the other with an LG washer and dryer.

A showpiece open living/dining/kitchen area is straight ahead with floor-to-ceiling windows. The living room has a two-story 
atrium and views of the 
Financial District on one side and Fan Pier and Boston Harbor on the other.

The dining area has a glass sliding door to a 352-square-foot private terrace with glass barrier walls and a Weber gas grill. The terrace has unobstructed views from Fort Point to the Financial District.

The custom kitchen has white, brown and glass Aiko cabinets and gray Corian countertops. There's a stainless steel LG refrigerator, a cabinet-enclosed Bosch dishwasher and a stainless Kitchen Aid gas stove and oven with a stainless steel backsplash. There's a large grey Corian-topped island with contemporary pendant lighting.

Off the kitchen is a half- bath with a gray porcelain tile floor and a pedestal sink.

A turning maple staircase leads to two bedrooms on the second floor. The master bedroom suite has maple floors, floor-to-ceiling windows and panoramic city views. An interior glass wall looks into the atrium and out to Fan Pier.

There's a large closet with built-in storage, a second closet and an en-suite master bathroom with gray porcelain tile floors and a two-tone porcelain tile walk-in shower. The wood vanity is topped with white Corian.

The second bedroom is on the small side, but has maple floors and those floor-to-ceiling windows with Financial District views. Across the hall is a second full bathroom, with a tile floor and porcelain gray tile around a raised soaking tub.

The unit has a Nest learning thermostat that lets the owner set the temperature via smartphone.

The monthly condo fee is a pricey $1,720, but includes heat and hot water.

There is no on-site parking, but the building has an arrangement with a nearby garage on Stillings Street, where it costs $360 a month for parking.

  • Address: 346 Congress Street, Unit 602 at FP3, South Boston
  • Bedrooms: Two
  • Bathrooms: Two full, one half
  • List price: $1,751,000
  • Square feet: 1,751
  • Price per square foot: $1,000
  • Annual taxes: $12,976
  • Monthly condo fee: $1,720 (includes heat and hot water)
  • Features: Duplex with floor-to ceiling glass windows and maple floors; living area has two-story atrium; great city views from all living areas and bedrooms; private terrace with gas grill overlooking Financial District; custom kitchen with Aiko cabinets, gray Corian countertops and high-end stainless steel appliances; master bedroom suite with interior glass wall overlooking atrium; a Nest learning thermostat that can be controlled by smartphone; in-unit washer and dryer; nicely appointed lobby with full art gallery; coffee house, and three Barbara Lynch establishments at street level.
  • Location: In South Boston's Fort Point neighborhood, with eateries and food shops; two blocks to Silver Line Courthouse station.
  • Built in: 2006
  • Broker: Warren Residential Group's Nick Warren at 617-855-9055 and Phillip MacArthur at 978-491-8510

22.26 | 0 komentar | Read More

Bay State shoppers take Target to task

Written By Unknown on Jumat, 27 Desember 2013 | 22.26

Three Bay Staters are among Target shoppers who have filed nearly two dozen class-action lawsuits against the discount chain for allegedly failing to safeguard their credit and debit card information regarding a 19-day data breach by hackers.

Meghan Derba, a frequent Target shopper from South Easton, filed one of the lawsuits in U.S. District Court in Boston on Christmas Eve. "I did contact my lawyer, namely because I was just really shocked that such a large company could let something like this happen," she said. "I just want to make sure that my money that I support my family with isn't in jeopardy."

The lawsuits come as Reuters — citing a senior payments executive familiar with the situation — reported Wednesday that customers' encrypted personal identification numbers (PINs) were among the exposed data to which hackers had access during the cyber attack that affected as many as 
40 million debit and credit cards of Target customers.

Target spokeswoman Molly Snyder told Reuters that "no unencrypted PIN data was accessed," and there was no evidence that PIN data has been "compromised."

The data breach is likely to cost Target millions of dollars, given the experience of TJX Cos. In 2009, the Framingham owner of the T.J. Maxx, Marshalls and HomeGoods chains, agreed to pay $9.75 million and implement a new information security program after a data breach in 2005 and 2006 that affected at least 45.7 million card users. It also paid out millions to settle class-action lawsuits.


22.26 | 0 komentar | Read More

Avoiding another delivery disaster

Online retailers should keep promises in check, and consumers should avoid last-minute Internet shopping to dodge another delivery debacle like the one this week that left many without their Christmas gifts, according to retail analysts.

But neither online sellers such as Amazon, nor delivery giant UPS is expected to sustain long-term damage for failing to make promised shipping deadlines, the analysts said.

"Shoppers' memories aren't that great," said Norwell retail consultant Michael Tesler. "It's always the next deal, the next credit card issue, the next item that everyone has to have. I don't see any ongoing ramifications."

Neither Amazon nor UPS would provide details on the scope of the late deliveries. FedEx said it shipped 99 percent of its ground deliveries on time, but didn't comment on its air shipments.

UPS said it expected to wrap up almost all late deliveries yesterday. "The volume of air packages in our system exceeded the capacity of our network, as demand was much greater than the forecast," spokesman Tyre Sperling said.

Tewksbury resident Marc Tortorici is waiting to hear back from Pottery Barn about his requested refund of an extra $15 delivery fee that he paid to ensure slippers for his wife would arrive by Christmas Eve. The package wasn't delivered until yesterday.

"As long as my $15 is returned, then I will not have an issue with either Pottery Barn or the carrier," he said. "But I will not order any item late next year, since I know they are over-promising what they can deliver."

IBM analytics said online sales in the weekend before Christmas surged 37 percent over the previous year.

Any short-term backlash won't reverse the growth of online sales, according to analyst Donald Broughton of Avondale Partners, but he does expect to see added delivery capacity next year and earlier cut-off dates for guaranteed last-minute deliveries.

"This is just a bump in the road on the great land rush of e-commerce," Broughton said. "When you have such huge surge in volume, it's going to come with issues."

Wedbush Securities analyst Michael Pachter called Amazon a "victim of its own success."

"Amazon has kind of lulled us as consumers into believing that we can wait to the very last second," he told Bloomberg Television. "It's Amazon's fault for guaranteeing it, and they're guaranteeing something that they don't control — which is the third-party carriers."


22.26 | 0 komentar | Read More

Employment numbers spur Dow climb

The number of people applying for unemployment benefits last week dropped more than expected, another sign of continued growth in the economy that sent the Dow yesterday to a record high close.

"The underlying trend suggests job destruction continues to decline," said Sterne Agee chief economist Lindsey Piegza. "This is a welcome step in the right direction and further reinforces the Fed's assessment of a stronger labor market."

Initial unemployment claims — which are seen as an indicator of layoffs — dropped by 42,000 to 338,000 last week while the Dow Jones Industrial Average shot up more than 122 points to close at 16,479.88. It was the biggest decline in jobless claims in a year.

The jobless report was great news for Wall Street, but because trading slows in late December, any positive or negative news is magnified, said Christine Armstrong, Morgan Stanley senior vice president.

"It's very light volume. You can skew things," Armstrong said. "We're probably going to have the same thing next week."

Roughly 3.8 billion shares were bought or sold yesterday, 38 percent below the three-month average.

Although the numbers are heading in the right direction, this time of year makes jobless claims difficult to read, Piegza said.

"Claims are particularly volatile this time of year," she said.


22.26 | 0 komentar | Read More

The Ticker

Twitter up 4.8 percent in continuing surge

Twitter stock jumped 4.8 percent yesterday to close at $73.31 a share on optimism by investors that the company has room to expand sales in advertising.

The stock has surged 32 percent over the past five days, 76 percent this month, and has nearly tripled since the microblogging social network went public at $26 a share in November.

Obama signs bipartisan budget deal

President Obama signed a bipartisan budget deal yesterday easing spending cuts.

Although the budget deal falls short of the grand bargain that Obama and congressional Republicans once aspired to, it ends the cycle of fiscal brinkmanship — for now — by preventing another shutdown for nearly two more years. But the rare moment of agreement may be short-lived.

Hanging over the start of the year is a renewed fight over raising the nation's borrowing limit, which the Treasury says must be resolved by late February or early March to avert an unprecedented U.S. default. Both sides are positioning behind customary hard-line positions, with Republicans insisting they want concessions before raising the debt limit and Obama insisting he won't negotiate.

McDonald's closes employee website

McDonald's Corp. has shut down a website intended to provide employees with work and life guidance after it generated negative publicity for the fast-food company.

The McResource program has been criticized for creating unrealistic budgets and offering advice that was out of touch with its workers' pay. The website, which was run by an outside company, also reportedly discouraged workers from eating fast food.

Amazon: Growth in Prime numbers

Amazon said yesterday it had signed up more than 
1 million new customers last week for its Amazon Prime membership program, which for $79 a year provides free two-day shipping on many items and a free streaming video service.

The company said the program continues to grow, with "tens of millions of members worldwide."

THE SHUFFLE

  • Coldwell Banker Residential Brokerage in New England announced that it has hired Kevin Dumont, left, as a field trainer. He will serve as a trainer instructing affiliated sales associates in Southern Massachusetts and Rhode Island.
  • J Barrett & Co. announced that Andrea O'Brien, a full-time real estate agent, has joined the agency in its Beverly Farms office. O'Brien has extensive business experience in customer service, including management.
  • M/A-COM Technology Solutions Holdings Inc., a supplier of high performance RF, microwave and millimeter wave products, announced the appointment of Robert J. McMullan as its chief financial officer.

22.26 | 0 komentar | Read More

US stock futures edge higher in quiet session

NEW YORK — Stocks moved higher for a seventh straight day in early trading Friday as investors remain positive about the U.S. economic recovery going into the end of the year.

Trading is expected to be quiet as many investors have already closed their books until the start of 2014.

Bond yields continued to rise. The yield on the 10-year Treasury note climbed above 3 percent.

KEEPING SCORE: The Dow Jones industrial average was up 33 points, or 0.2 percent, to 16,511 in the first 35 minutes of trading. The Standard & Poor's 500 index rose a point, or 0.1 percent, to 1,844 and the Nasdaq composite was flat at 4,167.

HIGHER RATES: The yield on the 10-year Treasury note breached the psychologically important 3 percent mark, rising to 3.01 percent from 2.99 percent Thursday. Bond yields have steadily climbed since Dec. 18, when the Federal Reserve announced it was paring back its bond-buying economic stimulus program.

GM RECALLS: General Motors fell 44 cents, or 1 percent, to $41.09 after the company said it would have to recall 1.5 million cars in China to replace a bracket that secures a fuel pump.

TWITTER STALLS: Twitter fell $3.96, or 5 percent, to $69.49. Twitter has soared in recent days. Even with Friday's sell-off, the social media company's stock is still up 69 percent this month.

WINDING DOWN: There are only three trading days left in 2013, and most of Wall Street remains on vacation for the Christmas and New Year holiday. Volume for the last two trading days has been very low, and trading is expected to be slow Friday as well. There are no major economic reports or corporate earnings scheduled this week.


22.26 | 0 komentar | Read More

New app incorporates social media and driving

Written By Unknown on Kamis, 26 Desember 2013 | 22.26

Dreading a long road trip home this holiday season? Relief is on the way in the crowdsourced driving app Waze.

Recently acquired by Google — reportedly for more than $1 billion — this brilliant app for iOS, Android and Windows Phone is a new take on GPS navigation. In short, it makes traffic social.

Waze, based in Israel, allows users to report — and commiserate about — road hazards, police activity and traffic conditions, with a critical mass of devotees leading to a stunning level of accuracy that, on my recent four-hour drives to and from New York, far surpassed that of Google Maps and my portable GPS.

However, you will want to make sure the passenger in the car — not the driver — is using Waze. While full-voice integration is surely the future, Waze currently requires a set of eyes on the screen.

What sets Waze apart from other traffic apps is that it makes calculations based on the vehicle speeds of other users. Both my Garmin GPS and Google Maps suggested that I exit the Mass Pike at the Brighton tolls — but Waze noticed cars were crawling and recommended an alternate route.

Even during a long, frustrating journey, using Waze allows you to at least feel like a good Samaritan. While using Waze, I was able to tell drivers on a particularly narrow stretch of Interstate 95 in Connecticut that a stopped vehicle in the right shoulder meant that those nearby should keep left.

But I'd be careful not to dub Waze a traffic safety app. The ability to report the location of speed traps — probably 
a key reason for its popularity — is likely not appreciated by the law enforcement community.

In true social network form, Waze users choose screen names and avatars that show their location on a map. You'll get the occasional "hi there" or "this stinks" message from other users. In an emergency, the ability to ask another user "do you have jumper cables" or "know how to change a tire?" is something that I'd consider if AAA or state trooper help were far off.

Google Maps is in the process of integrating some Waze features, and at some point, Google Maps will probably subsume all of Waze. In the meantime, Waze is a great way to make those endless holiday car trips a bit more bearable.


22.26 | 0 komentar | Read More

Santa's sleigh delayed after snags at UPS, FedEx

NEW YORK — Santa's sleigh didn't make it in time for Christmas for some this year due to shipping problems at UPS and FedEx.

The delays were blamed on poor weather earlier this week in parts of the country as well as overloaded systems. The holiday shopping period this year was shorter than usual, more buying was done online and Americans' tendency to wait until the last possible second to shop probably didn't help either.

Neither company said how many packages were delayed but noted it was a small share of overall holiday shipments. While the bulk of consumers' holiday spending remains at physical stores, shopping online is increasingly popular and outstripping spending growth in stores at the mall.

The problems appear to have affected many parts of the country. The Associated Press spoke to people in Alabama, California, Georgia, Kansas, Louisiana, Nevada, Ohio, Oklahoma, South Carolina, Texas and Virginia who didn't receive presents in time for Christmas.

Many were left with little or no time to make alternative plans.

Jeff Cormier and his Dallas family were among those who ordered gifts that didn't arrive.

He had three separate UPS packages — including two for which he paid extra for expedited shipping — delayed.

"I've had to apologize to three different people when I thought I had everything wrapped up and good to go way before," Cormier said.

He and his wife are celebrating their baby daughter's first Christmas and flew in his grandmother from Ohio to join them. Her gift, a customized iPhone cover with a photo of her new great-granddaughter, didn't come in time for Christmas.

"My wife and I had our presents to open. Our daughter had her presents to open. And my grandma, she didn't have anything to open," Cormier said.

"We apologize that our customers did not receive their packages on Christmas," said Natalie Godwin, a spokeswoman for United Parcel Service Inc.

Godwin said snow and ice in the Midwest last week and an ice storm that hit Dallas two-and-a-half weeks ago were partially to blame. She also said the volume of packages shipped exceeded the capacity of UPS but would not share the number of packages shipped or what the company's maximum capacity is.

UPS did not make pickups or deliveries Wednesday. Extra workers were being brought in Wednesday night to the company's hub in Louisville, Ky., to sort packages for Thursday and Friday delivery, according to Godwin.

Godwin said "UPS will honor its peak shipments commitments" to customers who used its air delivery service. Those shipping by ground have no guarantee past Dec. 11. Godwin said she didn't know if customers would receive refunds.

However, some FedEx customers are able to pick up packages Christmas Day at their local FedEx Express centers.

"We're sorry that there could be delays and we're contacting affected customers who have shipments available for pickup," said Scott Fiedler, a spokesman for FedEx Corp.

Between Thanksgiving and Christmas, FedEx handled 275 million shipments, according to Fiedler. Those that were not delivered in time, he said, "would be very few."

Three people told The Associated Press that when they tracked their packages online, FedEx said deliveries to their homes were attempted but failed because "the business was closed." During follow-up calls with customer service, they said they learned that the local depot was overwhelmed and didn't attempt delivery.

On Sunday, Eric Swanson ordered a doll for his daughter and a sweater for his wife through Amazon.com and one of its affiliated sites. As an Amazon Prime customer, there was a promise of two-day delivery, getting the gifts to his Carmichael, Calif. home just in time for Christmas. One was shipped via UPS, the other FedEx.

"I thought it would happen," Swanson said. Online tracking tools said the packages would arrive by 8 p.m. Tuesday. Neither did.

Amazon.com has been notifying some customers affected by the UPS delays that it will refund any shipping charges and is giving them a $20 credit toward a future purchase.

Amazon spokeswoman Mary Osako said the company processed orders and got them to its shippers "on time for holiday delivery" and is now "reviewing the performance of the delivery carriers."

While some customers may get money back, they might think twice about ordering online next year.

"My wife understands but my 5-year-old daughter ... I think we're going to let it be a surprise when it comes," Swanson said. "Next time, if I need to get a gift and cut it that close, I will just have to enter the fray and go to the mall."

__

Scott Mayerowitz can be reached at http://twitter.com/GlobeTrotScott.


22.26 | 0 komentar | Read More

The Ticker

Maine powering back up

PORTLAND, Maine — Crews have restored power to some 43,000 people in Maine who had been without electricity since the weekend ice storm.

By noon yesterday, about 62,000 remained without power. That's down from more than 105,000 on Tuesday.

Utilities worked through Christmas day as a chill settled over the state. Some places were below zero on Christmas morning with highs only expected in the teens in many areas. Complicating efforts are expected wind gusts around 20 mph in some places, which could bring down more tree limbs.

The storm has claimed one life in Maine. State police say a 50-year-old Knox man died Tuesday when he tried to refill a generator with gas. They believe he was overcome by carbon monoxide fumes.

Emergency and warming shelters are open around the state.

Longmeadow wants $1M for casino

LONGMEADOW — The town of Longmeadow is seeking $1 million in upfront compensation from MGM Resorts International, citing traffic issues that would result if an $800 million resort casino is built in nearby Springfield.

Longmeadow Town Manager Stephen Crane told the Republican newspaper that the town is relying on a study done for the Pioneer Valley Planning Commission by an independent engineering firm.

The study found that Longmeadow and West Springfield would have the most impact from casino traffic among neighboring cities and towns.

The state's gambling law requires casino developers to negotiate mitigation agreements with surrounding communities.

MGM has rejected Longmeadow's demands, saying they are far out of line with other surrounding community agreements. The company says there's no definitive evidence that Longmeadow's traffic problems would be any worse.


TODAY

 The Labor Department releases weekly jobless claims.

 Freddie Mac, the mortgage company, releases weekly mortgage rates.

THE SHUFFLE

Coldwell Banker Residential Brokerage in New England announced that it has hired Kathleen Medeiros, above, as a field trainer. Medeiros will be responsible for conducting a wide variety of educational and training courses for the company's sales associates in Massachusetts, Maine, New Hampshire and Rhode Island.

 Berkshire Bank announced that Gary Urkevich has been named SVP Information Technology. In this role, Urkevich will manage and direct all activities of the IT department to provide core services to the company, including client service, infrastructure, corporate systems, and information security.

 Cambridge Health Alliance, a community health system that serves Cambridge, Somerville, and Boston's metro-north communities, has named Assaad Sayah, M.D., as its chief medical officer. Dr. Sayah will provide physician leadership, ensure high quality care for patients, and be an advocate for CHA's physicians and all associates.


22.26 | 0 komentar | Read More

Booming tech opportunities key Hub-Israel collaboration

Boston-area techies are heading to Tel Aviv for a marathon hackathon at Google in a trip that highlights the burgeoning relationship between the Israeli and Bay State tech sectors.

"Israel right now is at a really unique place in the tech world," said Max Kleiman-Weiner, an MIT Ph.D. candidate who is on the first tech-focused trip run by Birthright Israel, a program that sends Jewish young adults to tour Israel. "There's just so much happening in terms of startups and tech."

The trip, which includes half a dozen Boston-area techies, will culminate in a 36-hour hackathon — a marathon coding session — at Google's Tel Aviv office. The group will be split into teams and will work alongside Israeli developers to create a project under a not-yet-announced theme.

Israel's booming tech sector has made big news in the United States this year, most recently when Israeli social mapping service Waze was acquired by Google for close to $1 billion.

Israeli companies have also paid dividends for Massachusetts. A report earlier this month found Israeli-founded businesses brought nearly $12 billion in economic benefit to Massachusetts, and employed more than 6,600 people.

The report says future growth between Israel and Massachusetts will be a result of similarities in focus, including in robotics and biotech.

Kleiman-Weiner said Israel is especially interesting to him because his focus — machine learning — is taking off there.

"That space is particularly hot in Israel," he said. "For me it's definitely a place I want to keep my eye on and figure out what's going on there."

Gidi Mark, CEO of Birthright Israel, said the nonprofit chose to design the trip around technology out of a belief that it is a great global unifier.

"We believe that this is the beauty of the 21st century," Mark said.

That connection has already brought together the group. Kleiman-Weiner said he had not considered going on a Birthright trip, but the tech focus sold him.

He said while the technology and the companies the group will visit are interesting, he is most interested in meeting and making significant connections with other people who share his tech interests.

"During the time the groups are here, there is a development of long-term relationships that changes the perspective and the perception about each other," Mark said. "Many of them have identical spheres of interest."


22.26 | 0 komentar | Read More

Weekly US jobless claims drop 42K to 338K

WASHINGTON — The number of Americans applying for unemployment benefits dropped by 42,000 last week to a seasonally adjusted 338,000, the biggest drop since November 2012. But economists say the figures from late November and December are warped by seasonal volatility around the Thanksgiving, Christmas and New Year's holidays.

The Labor Department reported Thursday that the less-volatile four-week average rose 4,250 to 348,000.

Claims had jumped 75,000 over the two weeks that ended Dec. 14 before plunging last week. The Labor Department struggles to account for seasonal hiring by retailers and other businesses and for temporary layoffs of cafeteria workers and other employees at schools that close for the holidays.

Unemployment claims are a proxy for layoffs and the recent declines are consistent with a solid job market.

The economy has shown signs of improvement recently, so much so that the Federal Reserve announced Dec. 18 that it would reduce its stimulus spending on bonds by $10 billion — to $75 billion a month. The economy expanded at a 4.1 percent annual pace from July through September, the fastest rate since late 2011 and much greater than previously thought.

Hiring has been healthy the past four months. The economy added an average of 204,000 jobs every month from August through November, an improvement from earlier this year.

The unemployment rate fell in November to a five-year low of 7 percent. Still, that remains above the 5 percent to 6 percent rate that would signal a normal job market. And long-term unemployment remains a big blot on the economy's performance: Nearly 4.1 million Americans have been unemployed for six months or more.

Before 2008, the number of long-term unemployed had never surpassed 3 million people, according to records dating back to 1948.


22.26 | 0 komentar | Read More

Retailers tighten holiday policies to thwart fraud

Written By Unknown on Rabu, 25 Desember 2013 | 22.26

If you didn't like your gift today, take note. Some retailers have tightened their return policies in a continuing attempt to curb fraud that will cost the industry an estimated $3.4 billion during this year's holiday period.

Return deadlines at Best Buy and Sears are the two "biggies," according to Somerville consumer advocate Edgar Dworsky.

"Both of them are cutting their return windows in half for certain or all goods," said Dworsky, who conducts an annual return policy survey.

Best Buy reduced its regular return period to 15 days from 30 for most customers in March, and it shortened its holiday return period, which now runs until Jan. 15 instead of Jan. 24. In addition, special orders no longer are refundable.

Sears' regular return policy for major appliances and vacuums is now 30 days, down from 60, and it has excluded those products from its extended holiday period.

"They're trying to cut their losses in some cases," Dworsky said. "Best Buy doesn't want people to use that digital camera for several weeks or months and then bring it back, because they're going to have to sell it as an open box item."

Nearly 6 percent of holiday returns are fraudulent, according to a recent National Retail Federation survey. Holiday return fraud accounts for 38.7 percent of the industry's estimated $8.76 billion in annual losses tied to return fraud.

That's why almost three-quarters of retailers require customers to show identification if they don't have receipts. Examples of fraud include returns of stolen items, using counterfeit receipts for returns, and "wardrobing" — the return of used, but non-defective merchandise such as special occasion clothing or electronics.

Toys R Us extended its holiday return period until Jan. 25 for most items, but certain electronics bought on or after Nov. 1 must be returned by Jan. 9. Other electronics must be returned within 30 days, down from 45 days.

Macy's, meanwhile, now charges a 15 percent restocking fee for the return of furniture and mattresses.

And if you're returning gifts in hopes of pocketing cash, don't count on that, even with a gift receipt.

"You can't convert that white elephant to cash in all likelihood," Dworsky said. "You're most likely to get an even exchange or a merchandise credit if there's nothing else you want at the store,"


22.26 | 0 komentar | Read More

Avoiding health insurance gaps takes persistence

CHICAGO — The deadline has passed, and so too the surprise grace period, for signing up for health insurance as part of the nation's health care law.

Now what?

For those who were able to navigate the glitch-prone and often overwhelmed HealthCare.gov website, there's still work to be done to make sure success online leads to actual coverage come the new year.

The first step experts recommend is to call your insurance company and double-check they received your payment.

What if you missed the Christmas Eve deadline and still want insurance in 2014, as the health law requires of most Americans? You may be without health insurance for a month, but you can still sign up for coverage that will start in February.

"Be patient, because they're trying to help you," said Tina Stewart, a 25-year-old graduate student in Salt Lake City who succeeded in enrolling in a health plan Tuesday morning. "It will take time."

The historic changes made by the Affordable Care Act take full effect on Jan. 1. People with chronic health conditions can no longer be denied health insurance. Those who get sick and start piling up medical bills will no longer lose their coverage. Out-of-pocket limits arrive that are designed to protect patients from going bankrupt.

But unless the 1 million Americans who have so far enrolled for coverage via the new marketplaces make sure their applications have arrived at their new insurance companies without errors, some may find they're still uninsured when they try to refill a prescription or make a doctor's appointment.

"The enrollment files have been getting better and more accurate, but there is still work that needs to be done," said Robert Zirkelbach, a spokesman for America's Health Insurance Plans, a trade group that represents the private insurance industry. "The health plans are still having to go back and fix some of data errors coming through in these files."

If everything went smoothly, consumers can expect to see a welcome packet arrive in the mail from their insurance company, Zirkelbach said. If not, a phone call to the insurer might clear things up.

"If a consumer signed up yesterday, they shouldn't expect the health plan to have their enrollment application today," Zirkelbach said. "Allow a couple of days to receive and process those enrollments."

Paying the first premium is crucial. Because of the changing deadlines for enrollment, most insurers have agreed to allow payments through Jan. 10 and will make coverage retroactive to Jan. 1, he said.

Anyone who missed the Christmas Eve deadline to enroll for insurance to start in January can still apply at HealthCare.gov for coverage to begin later. The federal website serves 36 states, but also directs people elsewhere to the online insurance site serving their state. The site also offers directions to local agencies offering in-person help.

After the disastrous rollout in October, the federal website received 2 million visits on Monday, and heavy — but not as heavy — traffic on Tuesday. White House spokeswoman Tara McGuinness said she had no immediate estimate of visitors Tuesday or how many succeeded in obtaining insurance before the midnight Christmas Eve deadline. The unexpected one-day grace period was just the latest in a string of delays and reversals.

Unless you qualify for Medicaid, you'll pay a monthly "premium" fee to an insurance company for coverage. Before the company covers actual medical costs, you may have to pay a certain amount called a deductible, in addition to a possible set fee for a doctor visit (copay) or a percentage of the cost of a medical service (coinsurance).

Federal tax credits are aimed at helping make premiums more affordable for households earning between 100 percent and 400 percent of the federal poverty line. That's $11,490 to $45,960 for an individual, $23,550 to $94,200 for a family of four.

Finally, note the next significant deadline isn't for a few more months. If you don't have coverage by March 31, you'll pay a tax penalty next year of $95 or 1 percent of your income, whichever is higher.

Ron Pollack, president of Families USA, a liberal advocacy group that has led efforts to get uninsured people signed up for coverage next year, said that's the deadline that matters most.

"The real significant deadline is March 31," Pollack said. "The enrollment period extends for another three months."

___

Associated Press Medical Writer Carla K. Johnson can be reached at http://www.twitter.com/CarlaKJohnson


22.26 | 0 komentar | Read More

Health insurance guide: 3 next steps for enrollees

The Christmas Eve deadline to enroll via HeatlhCare.gov for health care insurance that starts Jan. 1 has passed.

The federal website received 2 million visits on Monday, and heavy — but not as heavy — traffic on Tuesday. A White House spokeswoman said there was no immediate estimate of visitors or how many succeeded in obtaining insurance before the deadline.

Here are some tips for those who met the deadline and those who didn't.

___

MET THE DEADLINE?

1. Allow a few days for your application to reach the insurance company providing your health plan, then call to make sure it has been successfully processed.

2. If you didn't click "pay now" when you enrolled, make sure you send your first monthly premium payment to your insurance company by Jan. 10. You won't be covered until you've paid.

3. Learn about the details of your health plan. What's covered? What do you pay for out of pocket? Find out which doctors and hospitals are covered in the plan's network. Learn what services the insurer provides, such as 24-hour hotlines and online health resources.

___

MISSED THE DEADLINE

1. If you're uninsured and still want coverage, you can still sign up. Your coverage will start as soon as Feb. 1 if you choose a plan and pay before mid-January.

2. You can window-shop to compare the details on plans available in your region. Click on "See plans before I apply" at HealthCare.gov. Many state online marketplaces also offer this window-shopping feature.

3. Enrollment ends March 31. Miss that deadline and you'll pay a tax penalty for next year of $95 or 1 percent of your income, whichever is higher. Some people may qualify for an exemption because of hardships or if their insurance policy was canceled.

___

SOURCES: America's Health Insurance Plans, U.S. Department of Health and Human Services, Consumers Union


22.26 | 0 komentar | Read More

Syria signs oil exploration deal with Russian firm

BEIRUT — Syria's state news agency says the oil ministry has signed a deal with Russian oil and gas company Soyuzneftegaz to explore in the Mediterranean Sea.

SANA's report Wednesday did not say where the deal was signed, though it said the exploration will take place off the Syrian coast.

Earlier this year, Syrian Oil Minister Suleiman Abbas discussed with the ambassadors of China and Russia the possibility of exploring for oil and gas off Syria's Mediterranean coast.

Most of Syria's oil and gas fields in the country's east are under opposition control and the country's oil exports almost have stopped.

Israel is already developing recent discoveries of massive offshore deposits and Lebanon has also spoken of trying to develop offshore fields.

Russia is one of President Bashar Assad's strongest international backers.


22.26 | 0 komentar | Read More

Former IOC executive Gunnar Ericsson dies at 94

LAUSSANE, Switzerland — Gunnar Ericsson, a long-time International Olympic Committee executive and former member of the executive committee, has died. He was 94.

The IOC says on its website that the former Swedish parliamentarian died Tuesday but did not provide a cause of death.

IOC President Thomas Bach says Ericsson "personified the Olympic values and was a true Olympic gentleman. The IOC will always remember him with deep gratitude and great respect."

An IOC member from 1965, Ericsson served on the executive board from 1988-92, and headed the inspection team for 2000 Summer Games bidding.

Ericsson became an honorary member in 1996 after resigning to allow compatriot Gunilla Lindberg to become an IOC member.

Lindberg says Ericsson is survived by his wife Stina.


22.26 | 0 komentar | Read More

US stocks edge higher in early trading

Written By Unknown on Selasa, 24 Desember 2013 | 22.26

NEW YORK — Stocks are mostly higher in early trading on Wall Street after the government reported that American companies are investing in their businesses at the fastest pace since January.

The Dow Jones industrial average rose 36 points, or 0.2 percent, to 16,329 in the first few minutes of trading Tuesday.

The Standard & Poor's 500 index was up two points, or 0.1 percent, at 1,829. The Nasdaq composite was flat at 4,148.

U.S. markets will close early on Tuesday and will remain closed on Wednesday in observance of Christmas.

Tesla Motors jumped 7 percent after the electric car maker said that the National Highway Traffic Safety Administration reaffirmed the five-star safety rating of its Model S vehicle.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.96 percent.


22.26 | 0 komentar | Read More

Astronauts make rare Christmas Eve spacewalk

CAPE CANAVERAL, Fla. — Two space station astronauts ventured out on a rare Christmas Eve spacewalk Tuesday, hoping to wrap up urgent repairs to a cooling system.

It was the second spacewalk in four days for U.S. astronauts Rick Mastracchio and Michael Hopkins, and only the second Christmas Eve spacewalk in NASA history.

NASA ordered up the spacewalks to revive a critical cooling loop at the International Space Station. All nonessential equipment had to be turned off when the line conked out Dec. 11, and many science experiments halted.

Mastracchio and Hopkins removed a faulty ammonia pump during Saturday's outing. On Tuesday, they worked to install a new pump 260 miles above the planet.

"It's like Christmas morning opening up a little present here," Mastracchio said as he checked his toolkit. Later, as he worked to remove the spare pump from its storage shelf, he commented: "Now it really feels like I'm unwrapping a present."

Standing on the end of the station's main robotic arm, Hopkins clutched the 780-pound, refrigerator-size pump with both hands as he headed toward its installation spot, and then slid it in. An astronaut working inside, Japan's Koichi Wakata, gingerly steered the arm and its precious load.

"Mike Hopkins taking a special sleigh ride on this Christmas Eve," Mission Control commentator Rob Navias said as the space station soared over the Pacific.

Mission Control in Houston was in a festive mood, despite the gravity of the situation. Tabletop Christmas trees, Santa dolls and red Santa caps decorated the desks.

NASA's only previous Christmas Eve spacewalk occurred in 1999 during a Hubble Space Telescope repair mission.

But NASA's most memorable Christmas Eve was back on Dec. 24, 1968. Apollo 8 astronauts read from Genesis, the first book of the Bible, as they orbited the moon on mankind's first lunar flight.

Space station managers considered waiting until January for the repair spacewalks, so an unmanned rocket could blast off with supplies from Virginia. But flight controllers were unable to patch the cooling line by remote control, and the orbiting outpost was considered in too vulnerable a state to put off the spacewalking repairs. The delivery mission was bumped, instead, to January.

A bad valve in the ammonia pump caused the breakdown.

Another team of spacewalking astronauts installed that pump just three years ago, and engineers are perplexed as to why it didn't last longer. NASA hopes to salvage it in the years ahead.

The 2010 replacement required three spacewalks because of the difficulty in removing pressurized ammonia fluid lines. This time, NASA reduced the pressure and the task was simplified, allowing the astronauts to get ahead Saturday. Although three spacewalks were scheduled this time around, Mastracchio and Hopkins' advance work allowed NASA to squeeze everything into two, barring any problems Tuesday.

The second spacewalk was supposed to take place Monday, but was delayed a day to give Mastracchio time to switch to another suit. He inadvertently hit a water switch in the air lock at the end of Saturday's excursion, and a bit of water entered his suit, making it unusable this week.

During the rest of the spacewalk, however, the suits remained dry. Last July, an astronaut almost drowned when water from his suit's cooling system flooded his helmet. Makeshift snorkels and absorbent pads were added to the suits as a precaution. Midway through Tuesday's spacewalk, no water leakage had been reported.

A Moscow-led spacewalk, meanwhile, is set for Friday. Two Russian crew members will install new cameras and fresh experiments outside.

___

Online:

NASA: http://www.nasa.gov/mission_pages/station/main/index.html


22.26 | 0 komentar | Read More

Stocks edge higher following durable goods report

NEW YORK — Stocks opened slightly higher on Wall Street Tuesday, helped by a report that showed American companies were investing in their businesses at the fastest pace since January.

Trading was quiet ahead of the Christmas holiday. U.S. markets will close early on Tuesday and will remain closed on Wednesday.

Bond prices fell on the latest positive indicator on the U.S. economy. The yield on the 10-year Treasury note, a benchmark for many kinds of loans including home mortgages, edged up closer to 3 percent.

KEEPING SCORE: The Dow Jones industrial average rose 35 points, or 0.2 percent, to 16,331 in the first 30 minutes of trading. The Standard & Poor's 500 index rose two points, or 0.1 percent, to 1,830 and the Nasdaq composite rose less than a point to 4,150.

TESLA BOOST: Tesla Motors jumped $10.86, or 7.5 percent, to $154.30. The National Highway Traffic Safety Administration kept its 5-star safety rating on the company's Model S sedan, despite recent reports of battery-related fires. There have been no reported injuries or deaths related to any Tesla car fires.

MORE GOOD NEWS ON THE ECONOMY: The Commerce Department said orders for long-lasting manufactured products rose 3.5 percent in November, more than economists were expecting. It was the latest sign of improvement in the U.S. economy. Core capital goods, a category that tracks business investment, jumped 4.5 percent, the biggest gain since January.

BOND YIELDS: The yield on the 10-year Treasury note rose to 2.97 percent from 2.93 percent the day before. Treasury yields have been climbing steadily since last Wednesday, when the Federal Reserve said it would start pulling back on its bond-buying program next month. The purchases have been aimed at keeping long-term interest rates low to encourage borrowing and hiring.

TARGET WOES CONTINUE: Target fell 54 cents, or 1 percent, to $61.35 after the company said Monday night that the U.S. Justice Department is investigating the credit and debit card security breach at the company. Target revealed last week that data connected to about 40 million credit and debit card accounts were stolen between Nov. 27 and Dec. 15. Target executives have been meeting with state attorneys general to discuss the breach.

EARLY CLOSE: The New York Stock Exchange and the Nasdaq Stock Market will close at 1 p.m. Eastern time on Tuesday. The exchanges will also be closed on Christmas Day and will reopen for a full day of trading on Thursday.


22.26 | 0 komentar | Read More

Feds expand probe into Mercedes tail light problem

DETROIT — U.S. safety regulators have expanded an investigation into rear light failures in Mercedes-Benz C-Class luxury vehicles.

The probe now covers nearly 253,000 cars from the 2008 through 2011 model years.

The National Highway Traffic Safety Administration says the stop, tail and turn signal lights can fail because of a melted electrical connector. The agency and Mercedes have received 402 complaints, including five fires and one injury.

Mercedes also reported more than 23,000 warranty claims that could be tied to the problem.

The safety agency has upgraded the probe to an engineering analysis. That's a step closer to a recall, but so far no recall has been issued.

Investigators say the problem appears to be worsening as the vehicles get older. A Mercedes spokesman said the company is cooperating with the investigation.


22.26 | 0 komentar | Read More

Khodorkovsky applies for visa to Switzerland

BERLIN — Former oil tycoon Mikhail Khodorkovsky has applied for a visa to Switzerland less than a week after being released from decade-long imprisonment in Russia.

A spokesman for the Swiss Foreign Ministry says Khodorkovsky submitted the request at the Swiss embassy in Berlin.

The 50-year-old, a long-time critic of Russia's President Vladimir Putin, flew to Germany on Friday within hours of being pardoned.

Swiss Foreign Ministry spokesman Stefan von Below told The Associated Press on Tuesday that the three-month visa request would likely be processed in the coming days.

He declined to provide further details citing privacy rules.


22.26 | 0 komentar | Read More

US consumer spending rose 0.5 percent in November

Written By Unknown on Senin, 23 Desember 2013 | 22.26

WASHINGTON — Americans increased their spending in November by the most in five months, and their income edged up modestly.

Consumer spending rose 0.5 percent from October, when spending had risen 0.4 percent, the Commerce Department said Monday. It was the best showing since June. The gain was driven by a jump in spending on long-lasting durable goods such as autos.

Consumers' income rose 0.2 percent, an improvement from a 0.1 percent decline in October. Wages and salaries, the most important component of income, rose a solid 0.4 percent. That gain reflected strength in the private sector and a modest gain in government pay.

Consumer spending is closely followed because it accounts for about 70 percent of economic activity. The strong November showing suggests solid economic growth this quarter.

Steady hiring and modest wage gains have boosted consumer confidence and given Americans more money to spend. At the same time, higher stock and home prices have driven up household wealth and made some people more comfortable about spending.

The big rise in spending and smaller income gain meant that the personal saving rate slipped a bit to 4.2 percent of after-tax income in November. That was down from 4.5 percent in October.

An inflation gauge tied to consumer spending that is closely followed by the Federal Reserve showed that inflation is still running well below the Fed's target. Prices were unchanged in November and have risen just 0.9 percent over the past 12 months. The Fed's target for annual inflation is 2 percent.

The economy, as measured by the gross domestic product, grew at an annual rate of 4.1 percent in the July-September quarter, the government said Friday in its third and final estimate. The government's figure was up from its previous estimate of a 3.6 percent annual growth rate for the third quarter. Nearly all of the upward revision reflected faster spending for consumers, a possible sign of momentum entering the final three months of the year.

The 4.1 percent growth rate in the third quarter was the best performance in nearly two years. It was only the second time since the economic recovery began in mid-2009 that annual growth in any quarter has topped 4 percent.

Economists caution that growth will likely slow in the October-December period. That's because two-fifths of last quarter's gain came from an unusually large buildup in business stockpiles — something not likely to be repeated this quarter.

Analysts were encouraged by the acceleration in spending in the third quarter and say rising job growth could fuel more spending in the months ahead.

Retail sales have been solid in October and November, along with other signs that the economy is gaining momentum heading into 2014.

President Barack Obama took note last week of the encouraging reports, including four straight months of solid job gains. That spurt of hiring has helped lower the unemployment rate to 7 percent, a five-year low.

The drag from higher taxes and across-the-board spending cuts has shaved an estimated 1.5 percentage points from economic growth this year, which analysts think will be around 1.8 percent. But the effects will lessen next year, something economists note in their forecasts for around 2.5 percent growth or better in 2014.

A stronger outlook for the economy and job market led the Fed last week to begin winding down its bond-buying program. The Fed's bond purchases have been intended to lower long-term interest rates and encourage more borrowing and spending.

The Fed said that it would begin reducing its $85 billion-a-month in bond purchases by $10 billion in January. Chairman Ben Bernanke said that if the economy keeps improving, the bond purchases could be trimmed by similar amounts at coming meetings.

Jennifer Lee, senior economist at BMO Capital Markets, said the stronger spending in October and November validates the Fed's decision to pare its bond purchases and should boost growth this quarter. At the same time, tepid inflation allows the Fed to make only modest reductions in its bond purchases without fear of igniting price increases.


22.26 | 0 komentar | Read More

Boston hospital works to eliminate 'alarm fatigue'

BOSTON — Boston Medical Center has dramatically cut the number of patient monitor alarms in an effort to eliminate so-called "alarm fatigue," when overwhelmed staff fail to properly respond.

The hospital's efforts could provide a national model for a problem that's blamed for dozens of deaths.

Boston Medical Center last year got rid of many lower-level alarms that didn't require an immediate response, cutting alarms from an average of 88,000 a week to 10,000 a week on a 24-bed cardiac unit. Nurses responded quickly to all alarms, reducing patient risk.

The changes were implemented in all medical and surgical units at BMC, cutting alarms from 1 million a week to 400,000 a week.

The Boston Globe (http://b.globe.com/1e59Gig ) reports that the success is scheduled to appear online Monday in the Journal of Cardiovascular Nursing.

___

Information from: The Boston Globe, http://www.bostonglobe.com


22.26 | 0 komentar | Read More

Futures up in traditionally unhurried holiday week

NEW YORK — Stocks moved higher in early Monday trading, in what is traditionally a slow week as investors close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier.

KEEPING SCORE: The Dow Jones industrial average rose 55 points, or 0.3 percent, to 16,278 in the first half-hour of trading. The Standard & Poor's 500 index was up seven points, or 0.4 percent, to 1,825. The Nasdaq composite rose 24 points, or 0.6 percent, to 4,128.

CHINA-APPLE DEAL: Apple rose $17.37, or 3 percent, to $566.30 after the company reached a deal with China Mobile, the world's largest cell phone provider, to start selling the iPhone in the world's most populous country. Apple helped push the Nasdaq higher than the Dow and the S&P 500.

SHOPPING MOOD: The Commerce Department reported Monday that consumer spending rose 0.5 percent in November, the healthiest showing since June. Incomes rose 0.2 percent. Those are closely watched figures, especially leading up to the holiday season.

MOVERS AND SHAKERS: Darden, which runs Red Lobster and Olive Garden restaurants, rose 4 percent after activist investor Starboard Value took a stake in the company. It's expected to push for a breakup. Target fell 1 percent after The Wall Street Journal reported that transactions slipped 3 percent to 4 percent in last weekend before Christmas. Target is dealing with a massive breach of security in credit and debit card data.

CHRISTMAS WEEK: Both the New York Stock Exchange and the Nasdaq Stock Market will be closed Wednesday for Christmas. Both exchanges will also close at 1 p.m. Eastern on Tuesday for Christmas Eve.


22.26 | 0 komentar | Read More

Mohegan Sun reaches new deal with Revere

Revere and Mohegan Sun have come to terms on an amended host community agreement that spells out what benefits Revere will receive in exchange for hosting a casino on its side of Suffolk Downs.

The agreement was inked yesterday, a source close to the negotiations told the Herald. Details are not yet available.

Revere had previously struck a host agreement with Suffolk Downs when the racetrack was partnering with Caesars to build on a casino on the East Boston side. After Eastie voters rejected the plan on Nov. 5, Mohegan Sun entered the picture as Caesars' new partner and proposed a Revere-only casino.

Mohegan and Revere had to amend the old community agreement prior to a February referendum in the city, per terms spelled out by the state Gaming Commission in allowing the late-hour casino plan to proceed.

Mohegan Sun has until Dec. 31 to submit final plans to the commission. If it wins the February referendum, it will likely compete with Wynn Resorts in Everett for the sole eastern Massachusetts casino license.

Developing ...


22.26 | 0 komentar | Read More

Jos. A. Bank turns down Men's Wearhouse offer

NEW YORK — Jos. A. Bank is rejecting a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low.

Jos. A. Bank Clothiers Inc. said Monday its board unanimously rejected the offer. The Hampstead, Md., company said it will continue to look into acquisition opportunities that would create value for its shareholders.

Jos. A. Bank offered to buy its larger rival in September for $2.3 billion, or $48 per share. Men's Wearhouse turned down that offer, and after Jos. A. Bank dropped the bid, Men's Wearhouse offered to buy its rival for $1.54 billion. The deal valued Jos. A. Bank at $55 per share. A combination could create a menswear powerhouse of more than 1,700 outlets.

Shares of The Men's Wearhouse fell 64 cents to $51.37 in morning trading, and Jos. A. Bank stock declined 41 cents to $56.62.

In June, Men's Wearhouse ousted its founder and chairman, George Zimmer following a dispute over the direction of the company. In August the retailer completed its acquisition of JA Holdings, which owns the Joseph Abboud brand.

Jos. A. Bank sells men's tailored and casual clothing, sportswear and footwear. While it targets a more established male professional, it's known for generous promotions like buying one suit or sport coat and getting three for free. Men's Wearhouse sells men's sportswear and suits through its namesake chain of stores, as well as Moores and the K&G retail chain. Recently, the company has been going after younger shoppers with suits featuring slimmer silhouettes.


22.26 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger