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Monday, April 22, 2013
New York's First Passive House Would Have No Problem Hiding From the Predator
Wednesday, April 10, 2013
Stocks gain; Dow hits fresh high
Stocks eased off their session highs but finished in positive territory for the second day Tuesday. The Dow touched a fresh intraday high and the S&P 500 traded within 2 points of its all-time peak.
The Dow Jones Industrial Average held modest gains after rallying to hit a fresh all-time high at 14,716.46, buoyed by Microsoft and Intel.
Interestingly, the blue-chip index has yet to log a three-day losing streak this year. The last time the Dow went this far into a year without a losing streak of that length was 1976. The Dow ended that year with a 18 percent rally.
The S&P 500 and the Nasdaq also held their gains. If the S&P 500 ends higher, it could mark the end of the "alternation streaks" for the index. The S&P 500 has alternated between gains and losses for the past 14 sessions for the first time ever.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid below 13.
Among key S&P sectors, materials rallied, while utilities slid.
Alcoa struggled for direction after the aluminum producer reported an increase in quarterly profit as performance in its alumina and primary metals segments improved despite a tough market, but revenue fell slightly short of estimates. Still Alcoa CEO Klaus Kleinfeld told CNBC that he remains "relatively optimistic" that 2013 will be better than 2012 and continues to project 7 percent global demand growth in aluminum.
Alcoa unofficially kicks off this quarter's earnings season, which is expected to be fairly weak.
(Read More: Earnings Season Could Bring 'April Anxiety')
For the first quarter, earnings growth is expected to gain by just 1.6 percent, compared to 6.2 percent last quarter, according to Thomson Reuters. The negative warnings are higher than usual?with 108 negative revisions for S&P 500 companies. Compared to the 23 positive revisions, it is the worst pace in 12 years, according to Thomson Reuters data.
Banking giants JPMorgan and Wells Fargo are slated to post earnings on Friday.
(Read More: Earnings Season Arrives as Data Flash Warning Signs)
First Solar skyrocketed nearly 50 percent after the solar company announced it expects 2013 earnings of between $4 a share and $4.50 a share and revenue of between $3.8 billion and $4 billion, exceeding current Thomson Reuters expectations for $3.51 a share on sales of $3.12 billion. Rivals including Suntech Power and LDK Solar also soared.
Herbalife dipped after being halted for nearly two hours following news that KPMG resigned as auditor for the nutrition, weight management and skin-care products company, according to the New York Times.
Skechers rose after the footwear retailer also announced the resignation of KPMG as its lead auditor. In a statement, Skechers said that the resignation was "due to misconduct by KPMG's lead audit engagement partner on the Skechers account." Shares were briefly halted earlier.
(Read More: Once Shunned, Funds Now Ally With Activist Investors)
JCPenney slumped to lead the S&P 500 laggards after the company said former CEO Myron Ullman will return as the retailer's chief after Ron Johnson was ousted by the board. Ullman will an annual base salary of $1 million. Adding to woes, the company's sales are down more than 10 percent so far in the first quarter versus a year ago, according to Dow Jones.
(Read More: Cramer: Ullman 'Right Choice' for JCP, but 'I Worry')
Disney slipped slightly as the conglomerate readies to lay off 150 people this week, according to sources close to the situation. The job cuts will be predominately in home entertainment, as the company adjusts to industry-wide declines in DVD sales.
Traders will be looking out for clues about the future of quantitative easingthis week, with the Federal Reserve set to release minutes from its last meeting on Wednesday. There are also several appearances by Fed officials this week, including anti-inflation hawk Jeffrey Lacker and Atlanta Federal Reserve President Dennis Lockhart on Tuesday.
(Read More: Pimco's Bill Gross: Beware of 'Monetary Red Bull')
U.S. Fed Chairman Ben Bernanke spoke overnight on Monday at an Atlanta Fed conference. In a speech that did not directly touch on monetary policy, Bernanke hinted at why the central bank continues to pursue ultra-easy monetary policy.
"The economy is significantly stronger than it was four years ago, although conditions are clearly still far from where we would all like them to be," he said.
Meanwhile, St. Louis Federal Reserve Bank President James Bullard told CNBC that he'd be willing to reduce the central bank's massive bond-buying program in "small increments."
The government auctioned $32 billion in 3-year notes at a high yield of 0.342 percent. The bid-to-cover ratio, an indicator of demand, was 3.24.
On the economic front, wholesale inventories logged its biggest decline since September 2011 in February, according to the Commerce Department. Meanwhile, the National Federation of Independent Business reported that business confidence fell again in March.
In Europe, industrial production in the U.K. rose by more than expected in February, diminishing the risk the economy slipped back into recession in the first quarter of 2013.
(Read More: In Effort to 'Rebalance,' Europe Sticks to Austerity)
Meanwhile, U.S. Treasury Secretary Jack Lew pushed for a growth rather than an austerity agenda during the first day of his two-day visit to Europe. Speaking in Brussels, Lew said that the U.S. had an "immense stake in Europe's health and stability" and called on Europe to boost demand.
China's annual consumer inflation eased to 2.1 percent in March from February's 3.2 percent while producer price deflation deepened, data showed on Tuesday, leaving policymakers room to keep monetary conditions easy and nurture a nascent recovery.
?By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)
? 2013 CNBC LLC. All Rights Reserved
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Fear, Sharma Take Home NEWMAC Men's Track & Field Weekly ...
April 9, 2013
Lyons duo shines at Roadrunner Invitational
NORTON, Mass. ? Two members of the Wheaton College men's track and field team have earned weekly awards from the New England Women's and Men's Athletic Conference (NEWMAC), it was announced yesterday.
Senior Sam Fear (Bath, Maine/North Yarmouth Academy) was named the NEWMAC Field Athlete of the Week and sophomore Ben Sharma (Lexington, Mass./Lexington) garnered NEWMAC Track Athlete of the Week accolades.
Fear finished fifth overall in the high jump clearing a height of 6-feet and 0.75-inches at the Roadrunner Invitational on Saturday. Fear has now competed in the high jump three times this season posting a height of 6-feet for fifth place overall at the Bridgewater State University Invitational on March 23 and a height of 5-feet, 10-inches at the Snowflake Classic on March 30. Fear also helped the Lyons to a second place finish in the 4x400-meter relay at the Bridgewater State University Invitational with a combined time of 3:36.03.
Sharma ranked fifth overall in the 110-meter hurdles with a time of 15.81-seconds and ninth overall in the 400-meter hurdles in 58.85-seconds this past weekend. Both times for Sharma are season-bests as the sophomore surpassed his previous season-high times of 15.88-seconds (110-meter hurdles) and 1:00.37 (400-meter hurdles) at the Snowflake Classic. Sharma finished fourth in the 110-meter hurdles and seventh in the 400-meter hurdles (1:00.37) in those respective events two weeks ago.
Wheaton returns to action on Saturday, April 13 at the Brown University Invitational.
Source: http://athletics.wheatoncollege.edu/sports/mtrack/2012-13/releases/20130409i6ixjc
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Arggggh! American workers are at a breaking point
The economy is supposed to be in recovery mode, but you wouldn't know it by the grunts and groans coming from the next cubicle.
A whopping 83 percent of American workers said they are stressed out by at least one thing at work, up sharply from 73 percent in 2012, according to a survey by Harris Interactive for Everest College.
"When you look at all the other economic indicators, there have definitely been some positive signs," said John Swartz, regional director of career services at Everest College. But relief of workplace stress isn't one of them.
"More companies are hiring, but workers are still weary and stressed out from years of a troubled economy that has brought about longer hours, layoffs and budget cuts," Swartz said.
Just 17 percent said nothing stresses them out about their jobs. It's interesting that workers 65 and older were the most likely (38 percent) to be in that group.
Read More: The Most Stressful Jobs of 2013
Stress is so ubiquitous and so dangerous that the American Institute of Stress calls it "America's New Black Death." You know, that little plague that is thought to have wiped out more than 100 million people in the 14th century.
"If black plague is what killed most people in Europe in the Middle Ages, then stress is what's killing us the most right now," said Dr. Daniel L. Kirsch, the president of the institute.
And while many sectors are still trying to claw back, the stress industry is thriving.
"It's actually a very good time to be in the stress business," Kirsch said. "The stress business is booming!"
So what did workers say is causing them the most agita? Everyone act surprised, it was a tie for No. 1: Low pay and unreasonable workload (14 percent each).
That was followed by annoying co-workers (11 percent), job not in a chosen career (8 percent), poor work-life balance (7 percent), lack of opportunity for advancement (6 percent) and fear of being fired or laid off (4 percent).
One of the biggest problems, Swartz said, is that too many companies are making decisions for short-term benefits and not thinking about long-term effects.
"I think, ultimately, [stress] can have a huge impact and a negative impact," he said. "If workers are stressed out and not feeling good about what they're doing, they're going to reach a breaking point. And the worst thing that could happen is for an organization to lose someone that's valuable. Then, you have to start from scratch ? bring in new people. ? There are significant costs associated with that."
Read More: The Least Stressful Jobs of 2013
"In many ways, the workplace is much different than it was a decade ago, and a growing number of Americans are not just sitting back," Swartz said. "They're stepping up and taking charge of their careers."
Of course, it's easy to blame The Company or The Man for keeping you down?and, for sure, they're involved. But most American workers started behind the eight ball, so to speak, before we even got to to the layoffs and heavier workload part.
A separate survey by USA Network (a sister network of CNBC, both owned by NBC Universal and Comcast) showed that just 79 percent of full-time working Americans are in jobs that reflect their true career passion. And roughly the same number admit that they have at some point thought about abandoning their field for something else. Most say they work to pay the bills and survive, while just 13 percent said they live to work.
And just 20 percent of those lucky enough to have their ideal position started off there.
"These findings reflect that many Americans feel trapped in their jobs," said Kurt Warner, a former NFL quarterback and Super Bowl MVP who is the host of USA's "The Moment," a show about giving someone a shot at his or her dream job.
"As someone who went from working in a grocery store to ultimately becoming an NFL quarterback, I encourage everybody to follow their dreams," Warner said. "The key to being happy in your job?and life?is to find your passion and live it. It's never too late to rewrite your life story."
Until then, cubicles across America will be filled with daydreams of better jobs?and winning the lottery.
And in case there were any illusions about employee happiness, consider this: Forty-two percent said if they won the lottery they would be outta here! and find another job; 32 percent said they would quit working altogether and 25 percent said they would stay put.
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Sunday, April 7, 2013
WrestleMania 29 results
For complete WrestleMania 29 results and coverage, including exclusive videos and photos, stick with WWE.com throughout the night. From the Intercontinental Championship Match on the special one-hour Live Interactive Pre-Show (which begins at 6 p.m. ET/3 p.m. PT) to the Post-Show, WWE.com gives you more access than ever before to the biggest event of the year, The Showcase of the Immortals. Don't miss out on WrestleMania, airing on pay-per-view at a special start time of 7 p.m. ET/4 p.m. PT.
WWE Championship Match
The Rock (c) vs. John Cena (PREVIEW)
No Holds Barred Match (If Triple H loses, he must retire)
Triple H vs. Brock Lesnar (PREVIEW)
The Undertaker vs. CM Punk (PREVIEW)
World Heavyweight Championship Match
Alberto Del Rio (c) vs. Jack Swagger (PREVIEW)
Ryback vs. Mark Henry (PREVIEW)
Randy Orton, Sheamus & Big Show vs. The Shield (PREVIEW)
Chris Jericho vs. Fandango (PREVIEW)
WWE Tag Team Championship Match
Team Hell No (c) vs. Dolph Ziggler & Big E. Langston (PREVIEW)
Tons of Funk & The Funkadactyls vs. Team Rhodes Scholars & The Bella Twins (PREVIEW)
Intercontinental Championship Match (Interactive Pre-Show)
Wade Barrett (c) vs. The Miz (PREVIEW)
Source: http://www.wwe.com/shows/wrestlemania/29/wrestlemania-29-results
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Philly Fire Department mourns third loss within a year
PHILADELPHIA (AP) ? Philadelphia firefighters mourned the loss of one of their own in the line of duty for the third time in less than a year, saluting the body of a veteran captain as it was carried from the ruins of a three-story building that collapsed underneath him during a blaze.
At an emotional news conference late Saturday after the fire in the city's Fabric Row section was extinguished, Fire Commissioner Lloyd Ayers told reporters that the victim, 53-year-old Capt. Michael Goodwin, was his friend and "a ladder man. A firefighter's firefighter."
"He's the kind of guy who looked out for his folks ? a big guy," Ayers said. Goodwin had been with the department for 29 years.
A colleague of the fallen firefighter, 28-year-old Andrew Godlinski, was burned on his hands while trying to rescue his comrade, officials said. Godlinski was being discharged from Thomas Jefferson University Hospital on Sunday afternoon, a hospital spokeswoman said.
The loss came as the Fire Department prepared to mark a year since an April 9 blaze at a warehouse that killed Capt. Robert Neary, 59, and Daniel Sweeney, 25. They also died in a collapse, which came as they inspected an adjacent building.
"We have a department that is wounded," Ayers said. "We have scars that are fresh, and indeed they have now been reopened."
Saturday's fire appeared to have started in a fabric store downstairs before spreading to upstairs apartments and a neighboring boutique, the store's owner said. The proprietors of both stores told The Philadelphia Inquirer that everyone in both buildings at the time of the fire managed to escape.
The fire's cause wasn't immediately known, but Bruce Blumenthal, the owner of Jack B. Fabrics, said he believes it started in a wall and may have been electrical in nature.
Blumenthal said he smelled smoke coming from the basement around 5 p.m. and found a box of collars and cuffs on fire. He tried to put the flames out with an extinguisher, to no avail.
Goodwin was on the roof of the building when it collapsed, trapping him inside. Godlinski tried to rescue him before a second-floor roof and two walls also collapsed, officials said.
Goodwin is survived by a wife and two grown children, Ayers said.
The fire cut power to more than 300 customers. The Red Cross is assisting at least 17 people.
Source: http://news.yahoo.com/philly-fire-department-mourns-3rd-loss-065018695.html
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