Saturday, July 13, 2013

Daimler Q2 operating profit boosted by EADS stake sale

FRANKFURT (Reuters) - German car and truck maker Daimler reported quarterly operating profit that was boosted by its sale of a stake in aerospace and defense firm EADS .

Second-quarter earnings before interest and tax (EBIT) came to 5.2 billion euros ($6.8 billion), of which 3.2 billion were related to the sale of the stake, Daimler said on Friday as it published key financial results ahead of schedule.

Daimler said it still expected its EBIT to be higher in the second half than in the first half. The company is due to publish full quarterly results on July 24.

($1 = 0.7668 euros)

(Reporting by Maria Sheahan)

Source: http://news.yahoo.com/daimler-q2-operating-profit-boosted-eads-stake-sale-122621339.html

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WOMEN'S VOLLEYBALL: Team USA dominates Japan in Long Beach

The beach legend did so nicely Friday, substituting liberally in the last two sets during a four-set win over Japan in the USA Volleyball Cup at the Pyramid, 25-17, 26-24, 18-25 and 25-20.

Danielle Scott-Arruda, the ageless Long Beach State All-American who was playing her first official match in the Pyramid, played in the final two sets and had two kills and two blocks, with some scoring plays in the last minutes of set four.

Kristin Hildebrand and Lauren Paoliniu each had 10 kills and Alisa Glass three blocks. Mizuho Ishida had 18 kills and Miyu Nagaoka 13 for Japan.

"We have a lot of talent and it's a great year to get valuable playing time to a lot of people," Kiraly said.

"Dani did a nice job. Her teammates look at her with a high level of respect. She came in ready, and is a great role model. She sets a good example."

The U.S. team used a 5-0 run behind the serves of Hildebrand to grab a 13-9 lead in the first set. Japan got as close as three points four times, but the U.S. closed on a 9-4 run for a 25-17 win, getting key scoring plays from Lauren Gibbemeyer on the block, a pair of kills by opposite hitter Kelly Murphy and a tip over a double block by Nicole Fawcett for the game-winner.

Set two was dramatically different, with an emphasis on the drama. Japan

broke out to an 8-3 advantage early and held that margin consistently, eventually taking a 23-17 lead on a Nagaoka ace.

But the U.S. put up united front after a timeout and, behind some hellacious services by Fawcett, went on a 6-0 run to draw even -- a Fawcett kill and ace, two blocks by Glass, a tap over the Japan block and then a Hildebrand kill for the tie.

Saori Kimura scored on a cross kill to give Japan set point, but Hildebrand tied it on a runner kill, Jordan Larson-Burback dropped a floater over two blockers to give the U.S. set point, and Nagaoka hit Hildebrand's serve wide for a 26-24 U.S. set win and 2-0 lead.

"It wasn't all pretty," Kiraly said. "But a good team figures out a way to slog through tough stretch. Nicole really got it going and let it rip."

The U.S. fell behind to start the third set, 11-6, and three consecutive errors, a set muff and two wide shots by Nicole Davis and Fawcett extended the lead to 14-7 and led to a U.S. timeout.

Japan, behind brilliant all around play from Ishida, extended the lead to eight before the U.S. put together some short rallies--a kill by left-hander Paolini, two blocks by Scott-Arruda, a Kelly Murphy kill and Fawcett kill that got the Americans within five at 23-18.

But a net serve and Ishida kill off the lock gave Japan the set at 25-18.

Set four was close from the start, until a U.S. run featuring a Murphy kill and a kill and block by Scott gave the U.S. breathing room at 15-11. Japan closed to one several times but a Murphy and Paolini kill and Japan muff made it 24-19,m and a Kim Hill kill closed the night at 25-20.

"I was so happy to see the Pyramid packed and the 49er fans come out," Scott-Arruda said. Her last year at Long Beach was 1993, a yeasr before the Pyramid opened, and her only other appearance at thefacility was an alumni game in 2000.

"This team has great potential, we have great depth at all the positions.

To have so many great players in the gym at the same time creates so much competition and raises the intensity."

The USA Volleyball Cup series with Japan concludes tonight (7 p.m.) with the third match at JSerra High School in Capistrano Valley.

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Source: http://www.sgvtribune.com/sports/ci_23653839/womens-volleyball-team-usa-dominates-japan-long-beach?source=rss

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Friday, July 12, 2013

M 2.7, Baja California, Mexico

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Source: http://earthquake.usgs.gov/earthquakes/recenteqsww/Quakes/ci11332994.php

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To Eagles coach Chip Kelly, 'football is football'

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Source: http://www.delawareonline.com/article/20130712/SPORTS02/307120059/1022/RSS0203

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Vatican freezes assets of arrested monsignor

VATICAN CITY (AP) -- The Vatican has frozen the assets of a monsignor who was arrested in a plot to smuggle 20 million euro ($26 million) into Italy and warned Friday that other people may be caught up in the investigation.

The Vatican's chief prosecutor on July 9 froze the accounts at the Vatican bank of Monsignor Nunzio Scarano, who was arrested by Italian authorities June 28 on accusations of corruption and slander. Scarano allegedly plotted to bring 20 million euro into Italy from Switzerland in July of last year aboard a private jet to avoid declaring it at customs.

Prosecutors say the money was believed to have belonged to friends of Scarano, members of the d'Amico shipping family. Scarano has reportedly told prosecutors he stood to gain 2.5 million euro in commission for the operation.

A judge has refused to grant him house arrest; he remains at Rome's Queen of Heaven prison.

In a statement Friday, the Vatican said its own investigation into Scarano was triggered by several reports of suspicious transactions filed with the Vatican's financial watchdog agency. It said its probe "could be extended to additional individuals."

Italian prosecutors have said Scarano, a recently suspended accountant in the Vatican's main finance office, had two accounts at the Vatican bank: One was his personal account and another one, named "Fondo Anziani" was purportedly used to receive charitable donations. The amount frozen wasn't believed to be anything near the 20 million involved in the smuggling plot.

In addition to the money-smuggling case, Scarano is also under investigation by prosecutors in his hometown of Salerno for allegedly taking 560,000 euros ($729,000) in cash out of his Vatican account in 2009 and carrying it into Italy to help pay off a mortgage on his Salerno home. He used a complicated scheme to give dozens of friends 10,000 in cash in exchange for checks, made out to be donations, that he then deposited in an Italian bank account.

The money had come into Scarano's Vatican bank account from donors who gave it to the prelate thinking they were funding a home for the terminally ill in Salerno that was never built, Scarano's lawyer Silverio Sica has said. Prosecutor Nello Rossi has said the donors included the d'Amicos. The family has denied wrongdoing and says it is cooperating with authorities.

Pope Francis has zeroed in on the Vatican bank, the Institute for Works of Religion, as the first phase of his reform of the Vatican bureaucracy. This week he attended the inaugural session of a commission of inquiry he formed to look into the IOR's activities. The Vatican newspaper said Francis personally attended "to encourage the commission's work."

Source: http://news.yahoo.com/vatican-freezes-assets-arrested-monsignor-110230695.html

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Thursday, July 11, 2013

Browns, rest of NFL pass on chances to pick in this year's supplemental draft - Cleveland Browns - Ohio

The Browns made headlines a year ago by selecting wide receiver Josh Gordon in the second round of the NFL?s supplemental draft, but there was no sequel to the drama this time around.

As expected, no players were selected in this year?s supplemental draft, the league announced this afternoon.

The supplemental draft began at 1 p.m. today. By 1:21 p.m., league spokesman Randall Liu announced via Twitter that it had concluded without a selection being made.

At least one player had been selected in the supplemental draft the past four years. Gordon was the only one picked last year, marking the first time the Browns used the supplemental draft since 1985, when they nabbed quarterback Bernie Kosar.

The six players eligible for this year?s supplemental draft -- UNLV defensive end James Boyd, UNLV defensive tackle Nate Holloway, Central Florida defensive end Toby Jackson, Houston wide receiver DeWayne Peace, Purdue wide receiver O.J. Ross and South Alabama defensive back Damond Smith ? are now classified as free agents and free to sign with any team.

Source: http://feedproxy.google.com/~r/ObrNewswire/~3/nATNLfMaCCk/browns-rest-of-nfl-pass-on-chances-to-pick-in-this-year-s-supplemental-draft-1.412393

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Global markets rise on Bernanke stimulus promise

(AP) ? Global stocks rose Thursday after Federal Reserve chairman Ben Bernanke promised to continue to stimulate the U.S. economy.

Oil rose above $107 a barrel, near the highest level in more than a year, on hopes of stronger U.S. demand.

The Shanghai Composite Index jumped 3.2 percent to 2,072.99, its biggest gain in nearly seven months, while Hong Kong's Hang Seng rose 2.6 percent to 21.437.49. Tokyo's Nikkei 225 added 0.4 percent to 14,472.58.

In Europe, Germany's Dax rose 1.1 percent to 8,155.18 and France's CAC-40 gained 0.9 percent to 3,876.64.

Markets rebounded from caution a day earlier over unexpectedly weak Chinese trade figures that suggested the world's second-largest economy is slowing even more abruptly than forecast.

"In one short and sweet statement, Federal Reserve chairman Bernanke has flicked a switch on the markets," said strategist Evan Lucas of Australia's IG Markets in a report.

Bernanke said Wednesday the U.S. needs "highly accommodative monetary policy" ? or low interest rates ? "for the foreseeable future."

That reassured investors who were dismayed by Bernanke's comments last month that the Fed would likely slow its bond purchases later this year and end them around mid-2014 if the economy strengthens. Some critics said the Fed bungled its communications strategy.

The Fed has been buying $85 billion of financial assets a month to keep interest rates low and encourage borrowing and spending. That stimulus has driven global stocks higher, so the prospect of reducing it caused market volatility in recent weeks.

Elsewhere in Asia, Taiwan's Taiex gained 1.8 percent to 8,154.05 and Sydney's S&P/ASX 200 rose 0.8 percent to 4,940.20. Markets in Singapore, Manila and Jakarta also rose.

In China, gains were led by shares in finance, cement producers, coal miners, real estate, non-ferrous metals and paper-processing companies.

Ping An Bank Ltd. rose by the daily permitted maximum of 10 percent. Shanghai Pudong Development Bank Co. Ltd gained 9.2 percent and Citic Securities, China's biggest brokerage by asset value, gained 7.9 percent.

On Wall Street, the Dow Jones Industrial average future rose 0.9 percent in electronic trading on the Chicago Mercantile Exchanges. The future for the Standard & Poor's 500 rose 1 percent.

In currency markets, the dollar fell to 98.39 yen from late Wednesday's 98.83 yen. The euro was little changed at $1.3143 from $1.3140.

Crude rose 50 cents to $1076.03 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained $2.99 to $106.52 on Wednesday after a report indicated U.S. stockpiles fell by far more than expected last week, in a potential sign of growing demand.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-07-11-World%20Markets/id-b8edf517c4a14534ad0d715e7bfccf7b

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