Paul Julius Reuter noticed that, with the electric telegraph,cheap Abercrombie and fitch mens, news no longer required days or weeks to travel long distances. In the 1850s, the 34-year-old Reuter was based in Aachen — then in the Kingdom of Prussia, now in Germany — close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However, there was a 76-mile (122 km) gap in the line between Aachen and Brussels, Belgium’s capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap.

Ex-Lehman execs seek dismissal of Repo 105 lawsuit

NEW YORK (Reuters) – Former Lehman Brothers Holdings Inc chief executive Richard Fuld asked a judge on Friday to toss out an investor lawsuit that accused him and other Lehman officials of failing to disclose a controversial “Repo 105″ accounting technique used by Lehman.

In court papers filed in U.S. District Court on Friday, lawyers for Fuld and other Lehman officials argued the investor class-action lawsuit did not have a basis for trying to turn claims that Lehman’s use of the accounting technique hid its true financial picture into securities law violations.The suit, which also names former Lehman executives Christopher O’Meara, Joe Gregory, Erin Callan and Ian Lowitt, Lehman directors and the firm’s outside auditor Ernst & Young, claims Lehman’s securities were artificially inflated and that by using the repo technique Lehman executives misrepresented the true amount of assets and debt on Lehman’s balance sheet.In seeking to dismiss the lawsuit, the executives defended Lehman’s accounting and said that, while the bankruptcy court-appointed examiner found Lehman may have “colorable claims” against executives and auditors for undisclosed use of the “Repo 105″ technique, the report did not conclude those claims also existed under securities laws.”Repo 105 transactions are appropriately reported as sales under (Generally Accepted Accounting Principles), so there was nothing misstated about Lehman’s net leverage ratios,Abercrombie And Fitch outlet uk,” the executives attorneys wrote on Friday, also noting Lehman’s auditors Ernst & Young had signed off on the company’s financials.Lehman collapsed in September 2008 in the largest bankruptcy in U.S. history. Lehman’s stockholders, many of whom were Lehman employees, are expected to be wiped out entirely by the bankruptcy.The examiner, who was appointed by the bankruptcy court,Coach Handbags for Cheap, released a report in March that claimed for the first time that Lehman had used a “Repo 105″ accounting gimmick to hide its true financial picture before its demise.Lawyers for the plaintiffs in the securities litigation did not return calls on Friday.The case is In re: Lehman Brothers Equity/Debt Securities Litigation, U.S. District Court,BMW CEO did not know of VW buying stake in partner_9267, Southern District of New York, No. 08-05523.(Reporting by Emily Chasan; additional reporting by Jonathan Stempel; editing by Andre Grenon)

Reuters employs several thousand journalists, sometimes at the cost of their lives. In May 2000,China bank property stress test finds risk- report_5789, Kurt Schork, an American reporter, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military

Paul Julius Reuter noticed that, with the electric telegraph,Coach Backpacks Outlet, news no longer required days or weeks to travel long distances. In the 1850s, the 34-year-old Reuter was based in Aachen — then in the Kingdom of Prussia, now in Germany — close to the borders with the Netherlands and Belgium. He began using the newly opened Berlin–Aachen telegraph line to send news to Berlin. However, there was a 76-mile (122 km) gap in the line between Aachen and Brussels, Belgium’s capital city and financial center. Reuter saw an opportunity to speed up news service between Brussels and Berlin by using homing pigeons to bridge that gap.

Confluence of events likely caused flash crash: SEC

MONTREAL (Reuters) – U.S. regulators will most likely find that a confluence of events caused the unprecedented stock market “flash crash” in early May, Securities and Exchange Commission Chairman Mary Schapiro said on Thursday.

Schapiro told Reuters that it was too early to say that regulators will never figure out what caused the Dow Jones industrial average to plunge some 700 points in minutes on May 6 before sharply rebounding.Earlier on Thursday, the SEC approved of a mechanism to temporarily pause trading in single stocks when markets are plunging uncontrollably. The stock-specific circuit breakers, being adopted this month,China to limit foreign trade in index futures- report_6969, will halt trading for five minutes in any S&P 500 share if it falls more than 10 percent in five minutes.Schapiro was talking on the sidelines of a regulation conference in Montreal.(Reporting by Rachelle Younglai; Editing by Leslie Adler)

Regulatory News

Reuters employs several thousand journalists, sometimes at the cost of their lives. In May 2000,Ahead of U.S. vote, China vows more flexible yuan_4556,Coach Travel Bags Outlet, Kurt Schork, an American reporter,Coach Tote Bags Outlet, was killed in an ambush while on assignment in Sierra Leone. In April and August 2003, news cameramen Taras Protsyuk and Mazen Dana were killed in separate incidents by US troops in Iraq. In July 2007, Namir Noor-Eldeen and Saeed Chmagh were killed when they were fired upon by a US military

Syria protest cleared by force: activists

NICOSIA (AFP) – Syrian security forces opened fire on a massive sit-in demonstration in the central city of Homs overnight, sending thousands of protesters scattering, rights activists said Tuesday.

"The sit-in was dispersed with force. There was heavy gunfire," an activist reached by telephone in Damascus told AFP, without being able to give details of possible casualties.

Other Syrian activists living in exile confirmed the reports but said they had not been able to get further details due to telephone communications being cut in Homs.

Activists had said more than 20,000 demonstrators on Monday occupied the main square of Homs, some erecting tents, a day after 11 people were killed by security forces in the industrial city and a nearby town during a day of massive nationwide protest.

Inspired by popular uprisings which toppled hardline rulers in Tunisia and Egypt, the protesters had vowed not to leave Al-Saa Square in the centre of Homs until the regime of President Bashar al-Assad fell.

They dismissed as insufficient a weekend pledge by Assad that he would lift nearly five decades of draconian emergency law and demanded the release of all political prisoners and an end to arbitrary arrests.

The interior ministry issued a warning late Monday that it would suppress an "armed revolt" undermining security in the country.

"The latest incidents have shown that… armed Salafist groups,buy Abercrombie and fitch mens, particularly in the cities of Homs and Banias, have openly called for armed revolt," said a ministry statement carried by the official SANA news agency.

It accused such groups of killing soldiers, policemen and civilians, and of attacking public and private property,Cheap Abercrombie And Fitch outlet uk, and warned that "their terrorist activities will not be tolerated."

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A wide variety of material has been published in newspapers, including editorial opinions, criticism, persuasion and op-eds; obituaries; entertainment features such as crosswords, sudoku and horoscopes; weather news and forecasts; advice, food and other columns; reviews of movies, plays and restaurants; classified ads; display ads, television listings, inserts from local merchants, editorial cartoons and comic strips.

Japan quake strains supply chain from chips to ships

SAN FRANCISCO/SEOUL (Reuters) – Automakers, shipbuilders and technology companies worldwide scrambled for supplies after the disaster in Japan shut down factories there and disrupted the global manufacturing chain.

Technology companies were particularly hit since Japan accounts for one-fifth of the world’s semiconductor production, including about 40 percent of flash memory chips used in everything from smartphones, tablets to computers.Multinationals that buy parts from Japan or have plants located there were grappling with power blackouts, factory closures and transportation problems after roads, railways and ports in north east Japan were destroyed by Friday’s devastating earthquake and tsunami.Toyota Corp was hard hit as many of its plants were near the epicenter of the 8.9 earthquake, and Sony Corp has suspended production.Texas Instruments said it would take until July to return to full production. TI spokeswoman Kim Morgan told Reuters two of its plants making wafers and DLP chips for projectors were still suspended due to power problems.Intel Corp was managing better. It buys silicon wafers used for chip manufacturing from Japan and said it often relies on flights to transport goods and was confident it could manage the disruption.”The supply chain looks, given the circumstances, pretty good. Right now the main issue is trying to sort through the issues associated with moving materials within Japan,” Intel spokesman Chuck Mulloy told Reuters.ON Semiconductor said unreliable power supplies kept one its six factories off line.These disruptions pushed shares down worldwide in the semiconductor industry. The Thomson Reuters G7 Semiconductor & Semiconductor Equipment Industry Group Domestic Float Price Return Index was off 1.06 percent on Monday in late New York trade.Rolling power blackouts are set to hit Tokyo and surrounding areas over coming weeks, adding to the challenge of inspecting and repairing northern Japan manufacturing plants. Aftershocks and radiation leaks from damaged nuclear power plants also threaten production in the region.Companies and analysts said it was too early to gauge how long the problems would last. Power supply is a critical issue along with transportation. Ports handling as much as 7 percent of Japan’s industrial output sustained major damage from the quake, with most seen out of operation for months.AUTOMAKERSToyota said it plans to halt production at all its 12 Japanese plants in Japan through Wednesday to support relief efforts. The move would reduce output by 40,000 vehicles.”Not only is the struck region one of our production bases, those directly hit and vastly affected include our dealers, suppliers and numerous other partners,” Toyota President Akio Toyoda said in a statement on Monday.Toyota had previously stopped work at four plants that make the Yaris small car and some Scion vehicles, and evacuated workers to safer areas. It also said it is looking at how its suppliers and dealers fared.Honda Motor Co said it would suspend production at its Japanese plants at least until March 20, and it was closely monitoring the supply of parts to its southern England plant in Swindon.In France, Nissan Motor Chief Executive Carlos Ghosn said he hoped the company’s Japanese factories could start up again in 2-3 days. PSA Peugeot Citroen halted production of its iOn and C-Zero electric cars, which are based on Mitsubishi’s iMiEV.The big U.S. auto companies General Motors Co and Ford Motor Co said they had seen no parts disruptions yet, but were in close contact with suppliers.”I’m looking at it as mostly a temporary issue for the industry,” Standard & Poor’s analyst Efraim Levy said. “The question that no one can answer is what the duration will ultimately be.”It seems to be the automakers’ plants themselves are in OK condition, but some suppliers have issues that stop production of a whole vehicle line of a certain car or a certain truck,Abercrombie And Fitch Mens For UK,” he added.KOREAN COMPANIES HITSouth Korean companies, which depend heavily on Japan for LCD glass, chip equipment, silicon wafers and other materials to make semiconductors, are likely to be some of the worst hit.Hynix Semiconductor, the world’s No.2 memory chipmaker and a rival of Japan’s quake-affected Toshiba Corp and Elpida Memory, said it was concerned the quake may weaken consumer demand and disrupt supplies.”It could give a boost to battered chip prices but that’s a short-term impact from disrupted supplies by Japanese companies,” said Kim Min-chul, chief financial officer at Hynix.”We are more concerned about the quake reducing overall consumer demand and disrupting supplies of chip components and equipment, which could interrupt our production as well.”Dutch electronic chip-making equipment group ASML said it sources some components from Japanese firms including lasers which are used in some of its scanners.But it can call on other manufacturers if supplies are disrupted, ASML spokesman Lucas van Grinsven told Reuters.ASML is in contact with suppliers in Japan to assess the possible impact, said van Grinsven, but said that components sourced from Japan are a fraction of its total supply base.Its semiconductor-making equipment is designed to shut down automatically if it senses an earthquake, for plants built in earthquake-prone regions in Japan, Taiwan and California, he said.Toshiba, which supplies more than a third of the NAND memory chips used worldwide in devices such as Apple’s iPad, said it was restarting a chip factory in Iwate, northern Japan.The disaster also led to a rise in spot prices in China for DRAM chips, mostly used in personal computers, said chip price tracker DRAMeXchange.The world’s largest mobile phone maker, Nokia,Abercrombie And Fitch Outlet, said it was investigating supplies. About 12 percent of its components are sourced in yen, but Japanese components are likely to represent a larger share due to a recent renegotiation of supply contracts.STEEL, SOLARJapanese steelmakers halted production at some plants, a possible problem for South Korean shipbuilders since Japan exports 40 percent of its steel.South Korea has the world’s top three shipbuilders — Hyundai Heavy Industries, Daewoo Shipbuilding and Marine and Samsung Heavy Industries.The earthquake also raised risks of lower production from Japanese manufacturers of polysilicon and wafers — materials found in solar panels that convert sunlight into electricity.Credit Suisse expects supply problems at solar wafer maker M. Setek Co, a unit of AU Optronics, whose plant is situated near Sendai town, close to the epicenter of the quake. AU said initial assessment showed no major damage but it was unclear when production would resume.U.S. solar panel maker SunPower Corp could be vulnerable to wafer supply disruption because it relies on M. Setek for up to 20 percent of its supplies, Credit Suisse said. Still,Abercrombie and fitch mens jeans, its stock rose in U.S. trading along with the whole sector on optimism that solar would gain favor as questions swirl about the future of nuclear power.Meanwhile Taiwan’s TSMC, the world’s largest contract maker of semiconductors, said there was no immediate threat to supplies and it had enough raw wafers, gases and chemicals and spare parts to keep running for at least 30 days.(Additional reporting by Hyunjoo Jin and Ju-min Park in Seoul, Tarmo Virki in Helsinki, Gilles Guillaume and Helen Massy-Beresford in Paris, Rhys Jones in London, Roberta B. Cowan in Amsterdam and Leonora Walet in Hong Kong; Writing by Lincoln Feast and Alexander Smith; Editing by Anshuman Daga, Andrew Callus and Tim Dobbyn)

The latest go-around between the two media giants has to do with the Dodgers. News Corp.’s Fox is in hot water with Major League Baseball for lending struggling Dodgers owner Frank McCourt money to meet the team’s payroll. On Wednesday, Major League Baseball said it was taking control of the franchise away from McCourt.

In some countries and at some points in history, what news media and the public has considered “newsworthy” has met different definitions. For example, mid-twentieth-century news reporting in the United States focused on political and local issues with important socio-economic impacts, such as the landing of a living person on the moon or the cold war. More recently, the focus similarly remains on political and local issues; however, the news media now comes under criticism for over-emphasis on “non-news” and “gossip” such as celebrities’ personal social issues, local issues of little merit, as well as biased sensationalism of political topics such as terrorism and the economy. Thus newsworthiness does not only depend on the topic,Abercrombie and fitch mens, but also the presentation of the topic and the selection of information from that topic
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Heat beat 76ers 100-94; take 3-0 lead

PHILADELPHIA – Hours before Game 3, Dwyane Wade had that big-game feeling.
Wade’s 36 miserable hours of migraine headaches had passed, his head was clear and his game, well, he’d prove his game was back in championship form.
“I don’t have to worry about bright lights,” Wade said.
Was he ever fantastic under the postseason spotlight.
Wade had 32 points and 10 rebounds, LeBron James finished with 24 points and 15 boards and the Miami Heat took a 3-0 lead in their first-round series against the Philadelphia 76ers with a 100-94 victory Thursday night.
“I felt a lot better,” Wade said. “My game felt better. I think my teammates could see it.”
The Heat saw it from the opening tip. Wade was driving, attacking, dunking — playing his game at full blast the way he couldn’t in Game 2. He even fought through another familiar malady, a banged-up shoulder that needed ice and treatment.
Wade delivered with a string of big baskets — he was 10 of 19 from the field overall — in the third and fourth quarters that spurred the Heat to the brink of the conference semifinals. He drew a foul on a spin move against Jrue Holiday and hit two free throws with 51.6 seconds left that about clinched the game.
Wade missed practice before Game 2 with a migraine headache. He was slowed in Game 2 by the lingering effects of the headache and scored a combined 31 points in the first two games.
“He understood we needed something a little bit more,” Heat coach Erik Spoelstra said.
Wade was 12 for 12 from the free throw line. For all the hype around the Big Three, Wade remembers he was the Biggest One in Miami. He still plays that way and the Heat needed all of his all-around excellence against the scrappy Sixers.
Chris Bosh scored 19 points for the Heat, who rallied from an early 10-point deficit to move within one win of a sweep of the Eastern Conference series.
Game 4 is Sunday in Philadelphia.
“This is what we envisioned,” James said.
James gave the Heat a late scare when he fell late in the fourth quarter and briefly sat against the scorer’s table. He grimaced when his teammates pulled him up and he slowly walked back to Miami’s bench.
James brushed off questions about a possible tender ankle, said he was fine and will be ready for Sunday.
“We’re a desperate team right now,” James said. “We want to continue to play that way. D-Wade had an unbelievable game … and we’re ready to close it out.”
The Sixers were determined to win one on their home court and played like a team trying all it could to get the series back to Miami.

Lou Williams missed a 3 with 43 seconds left that would have made it a one-point game. Holiday scored 20 points, Williams finished with 15 and Elton Brand had 21 points and 11 rebounds for the 76ers.

The Heat dominated again from the free-throw line, going 24 for 30 to Philadelphia’s 13 of 19.

For most of the game, it seemed like a Game 1 rerun. The Sixers’ fast start would get picked away by Miami, the Big Three would take over and the Heat would roll.

When James hit a pull-up jumper for a 54-52 lead early in the third for Miami’s first lead of the game,Nike Airmax Outlet, the plan was going as scripted.

The Sixers had a whole new ending planned.

Jodie Meeks and Holiday bookended 3s during a stunning 12-0 run that helped them regain the lead in front of a rollicking crowd that truly made it feel like big-time, meaningful basketball was alive and thriving in Philadelphia.

In a play that showed what make the Heat great, James stumbled and flipped an underhand pass to Wade for a ferocious dunk that cut it 68-64.

“It definitely started a run for us,” James said. “Luckily I was able to get rid of the ball before I traveled and D-Wade was able to slam it home. It’s a great play for us,Jordan Heels, a great team win and we’re looking to close them out on Sunday.”

Fans booed each time James touched the ball — the crowd reveled in his lone airball — and the Sixers kept a 75-73 lead into the fourth.

The Heat didn’t flinch in the hostile environment: They led the East and tied for the NBA lead with 28 road victories.

Philadelphia’s fast start fizzled down the stretch and a team that showed amazing resiliency all season simply doesn’t have the talent to match up with the Heat.

The 76ers made their first four shots, raced to a 9-0 lead and drove a rare pumped sellout crowd bonkers.

Philadelphia’s stellar first quarter was a familiar feeling for both teams. In Game 1, the Sixers made eight of their first 10 shots and led 25-11. While the Sixers coughed up the lead in the second quarter in that one, they stretched the lead to double figures and never lost the lead, going into halftime up 52-50.

“I’m a moral person, but I don’t like moral victories,” Sixers coach Doug Collins said.

Brand, who scored only 20 points the first two games, established his mid-range jumper and scored 13 points in the first half. The Sixers only turned the ball over twice and proved the Game 2 flop was well behind them.

Williams delivered on his two pregame promises.

The first compared Philly’s fans to Miami’s: “Ours will be better.”

Fueled by “Rocky” clips, 20,404 fans were stoked from the time the lights were dimmed for intros to the final horn.

The other: The 76ers would “fight hard, fight to the finish.”

They did. They just didn’t win.

NOTES: Miami outrebounded the 76ers by 16. … The Heat have made 78 free throws in the series while the Sixers attempted just 54.

Most of these fights ultimately are about protecting turf. Time Warner Cable wants to remain relevant in a world where people are eager to find ways to cut the cord. News Corp. either wants more money for its content or wants to keep content away from rivals such as Time Warner Cable. The end result for consumers, unfortunately, is usually higher bills.