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Key Indian equity indices lose further ground on global concerns

Mumbai, Feb 9 (IANS) Despite official forecasts of a decent growth of the Indian economy during the current fiscal year, key stock market indices continued to lose ground on Tuesday, in line with global cues, amid extended holidays in most Asian markets for the lunar New Year.

Viacom to sell Snapchat ads in multi-year deal: WSJ

A billboard displays the logo of Snapchat above Times Square in New York(Reuters) - Viacom Inc is said to be extending its deal with Snapchat which will allow it to sell advertising on the mobile app's behalf, the Wall Street Journal reported citing people familiar with the matter. Viacom already has a deal with Snapchat that carries content for Viacom-owned networks Comedy Central and MTV. The multi-year deal is expected to be discussed by Viacom chief executive Philippe Dauman during the earnings calls on Tuesday, the Journal said.


Oil prices jump, shrug off equity slump, glut concerns

Worker grabs a nozzle at a petrol station in TehranBy Aaron Sheldrick TOKYO (Reuters) - Crude oil prices jumped as much as 2 percent on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. It settled the previous session down $1.18 at $33.88. Prices on Monday were hit by a drop in U.S. equity markets amid persistent fears about the global economic slowdown.


Obama to call for increases in budget for SEC, CFTC: White House

U.S. President Obama answers a reporter's question after delivering a statement on the economy in the press briefing room at the White House in WashingtonPresident Barack Obama's fiscal 2017 budget will call for an 11 percent increase in funding for the Securities and Exchange Commission and a 32 percent increase for the Commodity Futures Trading Commission, a White House official said on Monday. Obama will propose that the SEC be given $1.8 billion and the CFTC $330 million in the budget, economic adviser Jeffrey Zients said in a blog post on the White House website. "Last year the Administration fought hard to keep Congressional Republicans from using must-pass budget legislation to roll back Wall Street Reform," he wrote, referring to fiscal 2016.


Growth worries, rate hike uncertainty pull Wall Street down

Traders work on the floor of the NYSEU.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day. Uncertainty over whether the Federal Reserve would raise rates this year also dragged down U.S. bank stocks, pushing the S&P financial index down 2.6 percent. The index is off 14.6 percent for the year, the worst-performing of the 10 major S&P sectors.


Shares tumble on global growth concerns; Treasury yields fall

The DAX board is reflected in the logo at the stock exchange in FrankfurtBy Sam Forgione NEW YORK (Reuters) - Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky. European shares extended the previous week's big losses, with the FTSEurofirst 300 index of regional shares closing at its lowest level since October 2013. Wall Street extended Friday's technology-led selloff, with the benchmark S&P 500 stock index falling as much as 2.7 percent before paring losses.


Global shares tumble on global growth concerns; Treasury yields fall

Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in FrankfurtBy Sam Forgione NEW YORK (Reuters) - Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury yields hit their lowest in a year on demand for assets deemed less risky. European shares extended the previous week's big losses, with the FTSEurofirst 300 index of top regional shares closing at its lowest level since Oct. 2013. The STOXX Europe 600 banking index fell 5.6 percent, making it the top sectoral decliner. ...


Japanese market close to reading last rites over Abenomics

By Hideyuki Sano and Tomo Uetake TOKYO (Reuters) - When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics -- reforms to make the economy more productive -- is barely a work in progress, but Abe got straight to work on the first two, fiscal expansion and monetary stimulus, with the enthusiastic support of a new governor at the Bank of Japan (BOJ), Haruhiko Kuroda. Enthusiasm for Kuroda's bold stimulus, in particular, was strong, with each of his first two money-printing announcements prompting a 7 percent weekly surge.

Wall St. crooks get a screen test – and this time pull in big audiences

Cast members Bale, Gosling, Tomei and Carell pose at the premiere of "The Big Short" during the closing night of AFI Fest 2015 in HollywoodBy David Gaffen and Jennifer Ablan NEW YORK (Reuters) - Wall Street villains are having their big moment on both television and the big screen. With the 2008-2009 financial crisis and the accompanying Great Recession not only fresh in many people’s minds but still having an impact on many lives, stories about greed on Wall Street and concern about growing income inequality are resonating well beyond a niche audience. This is being reflected in the battle to be the next U.S. president, particularly as Hillary Clinton defends herself from accusations she will be soft on Wall Street because of the money she has received from bankers and hedge fund managers.


Greece expects bailout review to resume next week - minister

Greek Finance Minister Tsakalotos addresses journalists during a news conference at the ministry in AthensBy Renee Maltezou and Angeliki Koutantou ATHENS (Reuters) - Greece's lenders still need to be persuaded that Athens can plug a bigger than expected fiscal gap when talks on reforms needed under an international bailout resume next week, the finance minister said on Monday. Talks between the heads of the EU/IMF mission reviewing Greece's progress and the government over a tough pension reform plan, fiscal targets and the handling of bad loans, took a break on Friday after four days of meetings. Greece's stock market plunged about 8 percent on Monday on concern that the bailout review had hit a snag.


Technology

Top stories of the hour


Asia Markets: Nikkei sharply down on banking, energy woes
Tue, 09 Feb 2016 03:01:01 +0000

Stock markets in Asia were lower and Japanese government bond yields hit record lows after concerns about the health of banking and energy companies led to selloffs overnight.

Hong Kong Police Clash With Rioters in Shopping District - Bloomberg
Tue, 09 Feb 2016 02:41:01 +0000


Bloomberg

Hong Kong Police Clash With Rioters in Shopping District
Bloomberg
Rioters set fires on streets in Mongkok early Tuesday. Rioters clashed with police overnight and into the early hours that started when local authorities tried to prevent street food sellers from operating. Photographer: Kin Cheung/AP Photo. Don't Miss ...
Hong Kong police fire warning shots during Mong Kok fishball 'riot'CNN International
Hong Kong Activists, Police Clash Over Holiday Food StallsABC News
Hong Kong riot police clash with protesters amid crackdown on street vendorsReuters
Los Angeles Times
all 86 news articles »

The Wall Street Journal: Greek protests escalate over refugee-camp plans
Tue, 09 Feb 2016 02:16:48 +0000

Protests against Greek government plans to build camps for refugees and other migrants escalated on Monday, further testing Greece’s ability to meet European Union demands to control the massive inflow of people via the Aegean Sea.

Iraqi woman charged with role in Kayla Mueller's death
Tue, 09 Feb 2016 02:09:06 +0000

Family Mourns Death of ISIS Hostage Kayla Mueller, 1 Year LaterWASHINGTON (AP) — The wife of a senior Islamic State leader who was killed in a U.S. raid last year has been charged in federal court with holding American Kayla Mueller hostage and with contributing to the aid worker's death, the Justice Department said Monday.


MarketWatch First Take: Yelp’s billion-dollar path hits a detour
Tue, 09 Feb 2016 01:52:14 +0000

Yelp Inc.’s much touted projection to reach about $1 billion in 2017 revenue appears to have hit some turbulence.

Officer Peter Liang, on Stand, Breaks Down as He Recalls Brooklyn Killing - New York Times
Tue, 09 Feb 2016 01:41:15 +0000


New York Times

Officer Peter Liang, on Stand, Breaks Down as He Recalls Brooklyn Killing
New York Times
As a rookie New York City police officer recounted the night a bullet fired from his gun had ricocheted down a stairwell in a Brooklyn housing project, it seemed as if he was reliving the moment he realized a man had been hit, his heart pierced by the ...
In Tears On Stand, NYPD Cop Recalls Fatal Shooting of Akai GurleyNBCNews.com
New York cop in stairwell shooting chokes up on witness stand: 'Oh, my God, someone's hit'Los Angeles Times
NYPD Cop Who Killed Unarmed Akai Gurley Says Fear Drove Him To ShootNews One
The Chief-Leader -Gawker -NBC New York
all 235 news articles »

US led the world with shark attacks in 2015 - CBS News
Tue, 09 Feb 2016 01:31:19 +0000


CBS News

US led the world with shark attacks in 2015
CBS News
GAINESVILLE, Fla. -- Experts say 2015 saw a record-setting 98 unprovoked shark attacks worldwide, including 30 in Florida alone. The Florida Museum of Natural History released the numbers Monday. Scientists say the previous record was 88 attacks in ...
Record number of shark attacks in 2015, researchers findReuters
2015 sets record for most shark attacks, with 98 worldwideFort Worth Star Telegram
Shark attacks up globally but down in VolusiaDaytona Beach News-Journal

all 84 news articles »

Feds Charge ISIS Widow in Americans Death but Wont Say Who Killed Her - Daily Beast
Tue, 09 Feb 2016 01:14:42 +0000


Daily Beast

Feds Charge ISIS Widow in Americans Death but Wont Say Who Killed Her
Daily Beast
The Justice Department alleged Umm Sayyaf helped keep Kayla Mueller hostage in Syria before she died under mysterious circumstances. The Justice Department filed charges Monday against the wife of a dead ISIS commander, alleging that she was part ...
Widow of Islamic State leader charged in death of American: US Justice Dept.Reuters
Widow of ISIS Leader Charged With Role in Kayla Mueller's KidnappingNBCNews.com
Feds Charge Widow of ISIS Leader in Kayla Mueller's DeathNewsweek
Washington Post -New York Daily News -Stars and Stripes
all 206 news articles »

The Wall Street Journal: Mexico’s president names new CEO of state-run Pemex
Tue, 09 Feb 2016 01:13:00 +0000

Mexican President Enrique Peña Nieto on Monday replaced the chief executive of Petróleos Mexicanos, shuffling the management of the state oil company as it struggles with the fallout from the plunge in global oil prices.

FBI agent says evidence manipulated in Baltimore 'Serial' hearing
Tue, 09 Feb 2016 00:45:42 +0000

Convicted murderer Adnan Syed leaves the Baltimore City Circuit Courthouse in Baltimore, MarylandAdnan Syed, 35, is serving a life sentence for the 1999 strangulation of his 18-year-old ex-girlfriend Hae Min Lee. Syed's lawyers are seeking a new trial based on new evidence amid questions about the fairness of the case that were raised by the podcast in late 2014. During the fourth day of a hearing in Baltimore City Circuit Court, Federal Bureau of Investigation Special Agent Chad Fitzgerald said defense lawyers had shown him "manipulated evidence" of cell phone records when he was on the stand last week.


The Wall Street Journal: This stock market has been best in Europe in 2016
Tue, 09 Feb 2016 00:32:24 +0000

It has been a brutal start to 2016 for equity investors. Except, that is, those in Slovakia.

Inmate Recaptured After Mistaken Release in Los Angeles - ABC News
Tue, 09 Feb 2016 00:18:04 +0000


CBS News

Inmate Recaptured After Mistaken Release in Los Angeles
ABC News
A murder suspect who was mistakenly released from a Los Angeles jail last month was recaptured Monday in Nevada, authorities said. Los Angeles County sheriff's detectives learned earlier in the day that Steven Lawrence Wright might be hiding in a ...
Inmate mistakenly released from Los Angeles jail recapturedWZVN-TV

all 131 news articles »

Bloomberg: I'm considering 2016 bid - CNN
Mon, 08 Feb 2016 23:57:00 +0000


CNN

Bloomberg: I'm considering 2016 bid
CNN
(CNN) Michael Bloomberg says he is considering running for president of the United States, a move that would dramatically shake up an already chaotic 2016 race. In an interview with Financial Times, the media mogul and former New York City mayor said ...
Michael Bloomberg has no patience for your argument that he can't win the presidencyWashington Post
Former NYC Mayor Bloomberg says eyeing 2016 run for president: FTReuters
Mike Bloomberg: American public deserves "a lot better" in 2016 raceCBS News
Politico -Washington Times -Hot Air
all 240 news articles »

Report: Clinton considering staff, strategy changes to campaign
Mon, 08 Feb 2016 23:27:56 +0000

Democratic presidential candidate Hillary Clinton speaks during a campaign stop, Monday, Feb. 8, 2016, at Manchester Community College in Manchester, N.H. (AP Photo/Matt Rourke)


Personal Finance Daily: A dose of reality for college students, and how to get free Chipotle
Mon, 08 Feb 2016 23:07:39 +0000

A dose of reality for college students, and how to get free Chipotle.

The Wall Street Journal: Justice Department investigates data breach that exposed worker data
Mon, 08 Feb 2016 22:55:50 +0000

The Justice Department said Monday it is investigating how someone was able to sneak into one of the agency’s computer systems and take thousands of federal workers’ names, phone numbers, and email addresses and make them public this weekend.

Obama seeks funds to fight Zika; sees no cause for panic - Reuters
Mon, 08 Feb 2016 22:43:52 +0000


Reuters

Obama seeks funds to fight Zika; sees no cause for panic
Reuters
WASHINGTON/LONDON President Barack Obama will ask the U.S. Congress for more than $1.8 billion in emergency funds to fight Zika at home and abroad and pursue a vaccine, the White House said on Monday, but he added there is no reason to panic ...
Obama Asks Congress for $1.8 Billion to Combat Zika VirusNew York Times
$1.8 billion to fight Zika: CDC moves to highest alert levelWashington Post
Obama asks for $1.8 billion in emergency Zika fundingUSA TODAY
The Atlantic -Fox News -Miami Herald
all 1,099 news articles »

The Wall Street Journal: Fed leadership: Too white, too male, too many bankers?
Mon, 08 Feb 2016 22:42:12 +0000

Federal Reserve leadership is overly male, almost entirely white and drawn too frequently from the banking community, according to a group critical of the central bank.

More than 30 injured in Connecticut casino bus crash
Mon, 08 Feb 2016 22:26:44 +0000

In this image from a Connecticut Department of Transportation traffic camera, a bus lies on the shoulder of northbound Interstate 95 Monday, Feb. 8, 2016, in Madison, Conn. The charter bus on its way from New York city to the Mohegan Sun casino crashed during a snowstorm, leaving at least 30 people injured, several critically, and closed the northbound side of the highway. (Connecticut Department of Transportation via AP)MADISON, Conn. (AP) — A charter bus driving through a snowstorm to a casino flipped onto its side Monday, injuring more than 30 people and closing the northbound side of Interstate 95 in Connecticut.


The Wall Street Journal: India regulator: Facebook’s free Internet service violates net neutrality
Mon, 08 Feb 2016 22:24:16 +0000

Facebook Inc.’s efforts to expand Internet access in the developing world suffered a blow Monday when India’s telecommunications regulator ruled that the social-media company’s plan to offer free access to a limited number of websites undercut the purpose of the Internet.

Commodities Corner: Oil industry woes grow as storage levels hit ‘critical level’
Mon, 08 Feb 2016 22:23:45 +0000

With oil storage at Cushing, Okla., the delivery point for the New York Mercantile Exchange crude contract, edging closer to full capacity, a new set of problems for the industry is emerging.

The Latest: Weather forecast called for storm-force winds - Washington Post
Mon, 08 Feb 2016 22:18:45 +0000


Washington Post

The Latest: Weather forecast called for storm-force winds
Washington Post
MIAMI — The Latest on a cruise ship that was damaged in bad weather in the Atlantic Ocean (all times local): 5 p.m.. The National Weather Service says its Ocean Prediction Center was alerting for a strong storm four days in advance of a cruise ship ...
For Passengers of a Royal Caribbean Cruise, Anything but Smooth SailingNew York Times
Cruise Ship Turns Around After Getting Rocked by Massive Storm: 'I Was Terrified' Passenger SaysPeople Magazine
Free Press editor recounts 'terrifying night' on cruise shipDetroit Free Press
Columbus Dispatch -WFAA.com -Reuters
all 616 news articles »

Rogers: No, Eli Manning wasn't jealous of Peyton winning Super Bowl - USA TODAY
Mon, 08 Feb 2016 21:31:24 +0000


USA TODAY

Rogers: No, Eli Manning wasn't jealous of Peyton winning Super Bowl
USA TODAY
This is 2016, a time where no image, snapshot or incident capable of being mashed into a Vine or captured in 140 characters is allowed to escape the parameters of armchair psychology. And so social media had to sink its little tentacles into Eli ...
Peyton Manning, DeMarcus Ware key to Broncos' Super Bowl-readinessESPN (blog)
Super Bowl 50: 'Our finest hour,' say host committee officials after smooth eventSan Jose Mercury News
Peyton Manning "Budweiser" mention valued at $13.9M, but he wasn't paidThe Denver Post
NBCSports.com -The Boston Globe -Bleacher Report
all 10,139 news articles »

Next up: New Hampshire set to vote in nation's first primary
Mon, 08 Feb 2016 21:29:49 +0000

In this Jan. 10, 2012, file photo, ballot inspector Connie Bell, right, holds open a curtain on a voting booth during voting in the first-in-the-nation presidential primary at Memorial High School in Manchester, N.H. It’s been 100 years since New Hampshire held its first presidential primary, and it seems like some of the current candidates have been hanging around for nearly that long.(AP Photo/Matt Rourke, File)


Winter storm pounds southern New England, snarling travel
Mon, 08 Feb 2016 21:11:45 +0000

A horse carriage crosses a bridge in Manhattan's Central Park during a snowfallBy Scott Malone and Valerie Vande Panne BOSTON (Reuters) - A winter storm was expected to bring more than a foot (30 cm) of snow and howling winds to parts of southern New England on Monday, closing schools and government offices, snarling travel and flooding low-lying coastal areas. Snow was falling in Connecticut, Rhode Island, Massachusetts and southern New Hampshire on Monday, with police and elected officials urging residents to avoid unnecessary travel. Wind gusts of up to 60 miles per hour (100 kph) were expected in parts of coastal southeastern Massachusetts, raising the risk of downed trees and power outages, officials said.


New Hampshire Voters Hear Candidates' Final Appeals Before Primary - New York Times
Mon, 08 Feb 2016 21:11:33 +0000


New York Times

New Hampshire Voters Hear Candidates' Final Appeals Before Primary
New York Times
MANCHESTER, N.H. — A rambunctious herd of presidential candidates dashed across a snowy New Hampshire on Monday, making last-ditch efforts to persuade undecided voters on the eve of the nation's first primary election, the outcome of which could ...
Presidential hopefuls make a final NH sprint in wild 2016 campaignWashington Post
New Hampshire voters could reshape the presidential race in Tuesday's primaryLos Angeles Times
Poll: Trump, Sanders lead ahead of New Hampshire's voteCNN
Politico -NBCNews.com -Salt Lake Tribune
all 8,444 news articles »

State seeks delay in 3 Freddie Gray trials, pending appeals
Mon, 08 Feb 2016 21:00:32 +0000

Baltimore Police Officer William Porter and his attorneys arrive at the courthouse for pretrial hearings in the case of Caeser Goodson in BaltimoreBALTIMORE (AP) — Baltimore prosecutors have asked a judge to delay the trials of three police officers charged in the Freddie Gray case until appellate courts decide if another officer awaiting retrial on related charges can be compelled to testify against them.


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