Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Smoke-Black Space Cloud Hides Baby Stars in Amazing Photo






A jaw-dropping new photo from a telescope in South America has revealed a smoke-black cloud in deep space hiding a bustling nursery of baby stars.


The new image, captured by a telescope at the European Southern Observatory in Chile, is the best view ever of the dark space cloud Lupus 3. The cosmic cloud is about 600 light-years from Earth in the constellation Scorpious (The Scorpion).






The observatory released a wide-view and video tour of the Lupus 3 space cloud and a dazzling bright star cluster in addition to the close-up photo.


“At first glance, these two features could not be more different, but they are in fact closely linked,” ESO officials said in an image description today (Jan. 16).  


As the denser regions of the cloud contract under their own gravity and heat up, they blaze up into newborn stars whose light is initially blocked by the surrounding gas. But as stars grow hotter over time, their stellar winds sweep away the obstructing gas so that they emerge as bright beacons similar to those in the star cluster near Lupus 3, ESO officials explained.


“The bright stars right of the center of this new picture form a perfect example of a small group of such hot young stars,” they added. “Some of their brilliant blue light is being scattered off the remaining dust around them.”


Two of the brightest stars in the cluster can be seen easily with a small telescope, and are likely less than 1 million years old, according to an image description.


The new photo of Lupus 3 and its neighboring star cluster was snapped by the MPG/ESO 2.2-meter telescope at ESO’s La Silla Observatory high up in Chile’s Atacama Desert. It covers a visible field about 5 light-years across.


ESO officials said the Lupus 3 space cloud is likely similar to the star nursery that gave birth to Earth’s sun more than 4 billion years ago.


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+.


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Wall Street cuts declines as retailers gain

DEAR ABBY: Recently my husband, "Byron," and I had an argument, and he took off in his truck. He didn't return until after work the following day. He had he spent the night at our friend "Arlene's" house. She is divorced and lives alone. Byron assures me "nothing happened" between them. I want to believe him, but ever since this incident, Arlene will not look me in the eye or speak to me.I love Byron and trusted him until now. It hurts to think that our marriage may be ruined over a stupid argument. ...
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S&P, Nasdaq dip as Apple weighs

NEW YORK (Reuters) - Wall Street slipped on Monday, weighed down by shares of Apple in the face of demand concerns, while investors faced a busy week for earnings in what is expected to be a lackluster quarter.


Apple lost 2.8 percent to $505.84 as the biggest drag on both the S&P 500 and Nasdaq 100 <.ndx> indexes after reports that the tech company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock earlier hit a session low of $498.51, the first dip below $500 since February 16.


"There is this speculation building 'Is this the end of Apple?'" said Carol Pepper, chief executive of Pepper International in New York.


But Pepper said Apple also "doesn't have to grow at the rate it was to do extremely well. It's still going to be one of the marquee companies of the U.S. and the world."


Apple suppliers also lost ground, with Cirrus Logic off 6.8 percent to $29.43 and Qualcomm down 1.2 percent to $64.13. The S&P tech sector <.gspt> gave up 0.9 percent as the worst perfumer of the 10 major S&P sectors.


The pace of earnings season picks up this week with 38 S&P 500 companies set to report, including Goldman Sachs , Bank of America , Intel and General Electric .


Overall earnings are expected to grow by just 1.9 percent in this reporting period, according to Thomson Reuters data.


President Barack Obama is expected to hold a news conference, which will cover looming budget and debt ceiling due dates on Monday, White House officials said.


"We could have some more noise because they are trying to get people to focus on their issues, but I don't think they are going" to allow the government to default, said Pepper.


Separately, Federal Reserve Chairman Ben Bernanke will be speaking on monetary policy, recovery from the global financial crisis and long-term challenges facing the American economy at 4 p.m. (2100 GMT).


The Dow Jones industrial average <.dji> added 6.79 points, or 0.05 percent, to 13,495.22. The Standard & Poor's 500 Index <.spx> shed 3.37 points, or 0.23 percent, to 1,468.68. The Nasdaq Composite Index <.ixic> lost 14.16 points, or 0.45 percent, to 3,111.48.


Appliance and electronics retailer Hhgregg Inc slumped 9.6 percent to $7.13 after the electronics and appliance retailer cut its same-store sales forecast for the full year.


Transocean Ltd has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Its shares rose 2.5 percent to $55.43.


The Dow, which does not list Apple as one of its components, fared better than the other two indexes as Hewlett-Packard rose 3.8 percent to $16.78 after JPMorgan upgraded its rating on the stock and raised its price target to $21 from $15.


(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)



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Mass. gas prices down 2 cents per gallon






BOSTON (AP) — After jumping four cents last week, Massachusetts gas prices are down two cents per gallon this week.


AAA Southern New England reports Monday that self-serve, regular dropped to an average of $ 3.43 per gallon in the past week.






Massachusetts prices are now down 11 cents per gallon over the past month, yet remain three cents higher than at the same time last year and 13 cents above the national average.


AAA found self-serve, regular selling for as low as $ 3.25 per gallon and as high as $ 3.85.


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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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Cosmic ‘Bullets’ Slam Orion Nebula in Dazzling Photo






Astronomers have unveiled a spectacular new photo of cosmic “bullets” slicing through thick gas clouds at supersonic speeds in the famed Orion nebula.


The so-called Orion bullets are actually enormous clumps of gas packed with iron atoms, scientists said. They appear as distinctive blue features in the new image captured by the Gemini South Observatory in Chile.






Each cosmic bullet is about 10 times the size of Pluto’s orbit around the sun, researchers said. Pluto is about 49 times farther from the sun than the Earth, which is only 93 million miles (150 million kilometers) away.


The new image, which scientists revealed on Wednesday (Jan. 9), was obtained on the night of Dec. 28 using a new adaptive optics system at the Gemini Observatory South telescope in Chile. The system is equipped with five laser guide stars and three deformable mirrors to correct image distortions from the Earth’s atmosphere in real time, researchers said.


The result is a stunning view of the outer regions of the Orion nebula.


“For years our team has focused on developing this system, and to see this magnificent image, just hinting at its scientific potential, made our nights on the mountain —  while most folks were celebrating the New Year’s holiday — the best celebration ever!” Benoit Neichel, who leads this adaptive optics program for Gemini, said in a statement.


Astronomers think the cosmic bullets were ejected from deep within the nebula, likely propelled by strong winds expelling gas at supersonic speeds from a region of massive star formation outside, and below, this image’s field-of-view.


The gas clumps leave behind tubular wakes as much as one-fifth of a light-year in length, which are the result of molecular hydrogen gas being heated up in the nebula.


At 1,500 light-years away, the Orion nebula is Earth’s closest known star factory. Scientists suspect the sun was born in a similar environment about 4.5 billion years ago. The Orion nebula’s bullets were first spotted in a visible-light image in 1983, and followed up by infrared observations in 1992.


Neichel and his colleagues unveiled the new Orion bullet image at the 221st meeting of the American Astronomical Society this week in Long Beach, Calif.


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebookand Google+.


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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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Wall Street slips, weighed by Wells Fargo, banks

NEW YORK (Reuters) - Stocks edged lower on Friday after Wells Fargo & Co , the first major bank to kick off fourth-quarter earnings season for the financial sector, reported a decline in net interest margin despite a record profit in the latest quarter.


Wells Fargo, the fourth-biggest U.S. bank and the nation's largest home lender, said its fourth-quarter net interest margin - a key measure of how much money banks make from loans - fell, even as profit jumped 24 percent. The bank also made fewer mortgage loans than in the third quarter.


"It (Wells Fargo results) is weighing on the sector. We are keeping our fingers crossed that this won't be a sector thing and more confined to Wells Fargo, but it's definitely playing a factor today," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets LLC in Boston.


The bank's shares fell 1.4 percent to $34.92. The S&P 500 financial sector index <.gspf> fell 0.6 percent and the KBW Banks index <.bkx> fell 1 percent. Bank of America Corp , JPMorgan Chase & Co and Citigroup Inc are due to report results next week.


Overall earnings were expected to grow by 1.9 percent in this earnings season, according to Thomson Reuters data.


The Dow Jones industrial average <.dji> was up 6.12 points, or 0.05 percent, at 13,477.34. The Standard & Poor's 500 Index <.spx> was down 2.37 points, or 0.16 percent, at 1,469.75. The Nasdaq Composite Index <.ixic> was down 2.19 points, or 0.07 percent, at 3,119.56.


Also keenly watched Friday were shares of Dow component Boeing , which fell 2.6 percent to $75.11 after a cracked cockpit window and an oil leak on separate flights in Japan compounded safety concerns about its new 787 Dreamliner. The U.S. Department of Transportation said the jet would be subject to a review of its critical systems by regulators.


Best Buy shares rallied after its results showed a bit of a turnaround in its U.S. stores, though same-store sales were flat during the key holiday season. Shares jumped 12 percent to $13.69.


Basic materials shares were pressured after China's annual consumer inflation rate picked up to a seven-month high, narrowing the scope for the central bank to boost the economy by easing monetary policy. The S&P basic materials sector <.gspm> fell 0.6 percent.


Dendreon Corp shares jumped 14.7 percent to $5.85 after Sanford C. Bernstein upgraded the drugmaker's stock to "outperform" from "market-perform" and said it could be one of the best performers in 2013.


(Editing by Bernadette Baum, Nick Zieminski)



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Origin of Life: Did a Simple Pump Drive Process?






A new theory proposes the primordial life-forms that gave rise to all life on Earth left deep-sea vents because of their “invention” of a tiny pump. These primitive cellular pumps would have powered life-giving chemical reactions.


The idea, detailed Dec. 20 in the journal Cell, could help explain two mysteries of life’s early origin: How did the earliest proto-cells power chemical reactions to make the organic building blocks of life; and how did they leave hydrothermal vents to colonize early Earth’s oceans?






Authors of the new theory argue the environmental conditions in porous hydrothermal vents — where heated, mineral-laden seawater spews from cracks in the ocean crust — created a gradient in positively charged protons that served as a “battery” to fuel the creation of organic molecules and proto-cells.


Later, primitive cellular pumps gradually evolved the ability to use a different type of gradient — the difference in sodium particles inside and outside the cell — as a battery to power the construction of complex molecules like proteins. And, voilà, the proto-cells could leave the deep-sea hydrothermal vents. [Image Gallery: Unique Life at Deep-Sea Vents]


“A coupling of proton gradients and sodium gradients may have played a major role in the origin of life. This is really cool, novel stuff,” Jan Amend, a researcher at the University of Southern California, who was not involved in the study, wrote in an email to LiveScience. The study reflects the increasingly popular idea that a simple, everyday source of power, not a rare occurrence like a lightning strike, could have provided the power to initially create life, he said.


Deep-sea start


Many scientists think life got its start around 3.7 billion years ago in deep-sea hydrothermal vents. But figuring out just how complex, carbon-based life formed in that primordial stew has been tricky.


Somehow, the precursors of life harnessed carbon dioxide and hydrogen available in those primitive conditions to create the building blocks of life, such as amino acids and nucleotides (building blocks of DNA). But those chemical reactions require a power source, said study co-author Nick Lane, a researcher at the University College London.


Now, Lane and William Martin, of the Institute of Molecular Evolution at the Heinrich Heine University in Germany, propose that the rocky mineral walls in ocean-floor vents could have provided the means.


The theory goes: At the time of life’s origin, the early ocean was acidic and filled with positively charged protons, while the deep-sea vents spewed out bitter alkaline fluid, which is rich in negatively charged hydroxide ions, Lane told LiveScience.


The vents created furrowed rocky, iron- and sulfur-rich walls full of tiny pores that separated the warm alkaline vent fluid from the cooler, acidic seawater. The interface between the two created a natural charge gradient.


“It’s a little bit like a battery,” Lane told LiveScience.


That battery then powered the chemical transformation of carbon dioxide and hydrogen into simple carbon-based molecules such as amino acids or proteins. Eventually that gradient drove the creation of cellular membranes, complicated proteins and ribonucleic acid (RNA), a molecule similar to DNA.


Leaving the vents


At that point, primitive cells used the thin, serpentine walls of the vent to corral the new carbon-based molecules together into precursors of cells and used the charge gradient in the environment to power the building of more complex organic chemicals.


But in order to leave the vent, primitive cells would have needed some way to carry a power-producing gradient with them — think battery pack. To solve that problem, the team looked at existing archaea bacteria in deep-sea vents.


Those primeval life-forms use a simple type of cellular pump that pushes sodium out of the cell while pulling positively charged protons in. The team proposed that a precursor to that cellular pump evolved in the membranes of the proto-cells.


The membrane started out very leaky, but over time, the membranes would have slowly closed, preventing much larger sodium particles from leaving the cell while smaller protons could still slip through. That enabled the proto-cells to still use the existing power-source in the environment — the charge gradient — while gradually evolving an independent way of getting power.


Eventually, when the pores closed completely, the primitive cells would have had a sodium pump that could power their cellular reactions, enabling more complex life to form. They could then leave their birthplace.


Testing the idea, however, will be tricky, Amend told LiveScience. “Mimicking natural conditions in the lab is a lot more difficult than it sounds.”


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+


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Wall Street slightly higher on China data; S&P near resistance level

NEW YORK (Reuters) - U.S. stocks inched higher on Thursday, helped by stronger-than-expected exports in China, the world's second-biggest economy, but gains were capped as the S&P 500 hovered near a 5-year high.


Financial and telecommunications stocks were the day's top gainers, while the material sector was the biggest drag. The S&P 500 material sector index <.gspm> was off 0.3 percent. The financial sector index <.gspf> rose 0.6 percent and the telecom sector <.gspl> was up 0.5 percent.


The benchmark Standard & Poor's 500 index was near a five-year closing high of 1,466.47. On Friday, the index had ended at the highest close since December 2007.


"The market is technically right at the level of resistance, near 1,465-1,467. A solid breakthrough above the level would be the start of a next leg higher, but it looks like it is going to be difficult to break above that level for now," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab. He cited concerns about the earnings season and upcoming debt ceiling talks.


The Dow Jones industrial average <.dji> was up 9.84 points, or 0.07 percent, at 13,400.35. The Standard & Poor's 500 Index <.spx> was up 2.55 points, or 0.17 percent, at 1,463.57. The Nasdaq Composite Index <.ixic> was down 2.01 points, or 0.06 percent, at 3,103.80.


In company news, shares of upscale jeweler Tiffany dropped 3.6 percent to $60.98 after it said earnings for the year through January 31 will be at the lower end of its forecast.


U.S.-traded Nokia shares jumped 17.3 percent to $4.40 after the Finnish handset maker said its fourth-quarter results were better than expected and that the mobile phone business achieved underlying profitability.


Herbalife Ltd stepped up its defense against activist investor Bill Ackman, stressing it was a legitimate company with a mission to improve nutrition and help public health. The stock was up 1.4 percent to $40.47.


Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, even as demand from Europe and the United States remained subdued.


In the U.S., claims for unemployment benefits rose last week, though seasonal volatility made it difficult to get a clear picture of the labor market's health.


Also, U.S. wholesale inventories rose more than expected in November and sales rose by the most in more than 1-1/2 years. The market's reaction to both reports was muted.


(Reporting By Angela Moon; Editing by Nick Zieminski)



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Deadliest Space Weather: New Series Premieres on The Weather Channel






Some of the universe’s most extreme tempests, cyclones and rainstorms are visualized in stunning form in a new series premiering this week on The Weather Channel.


“Deadliest Space Weather,” a six-part series, begins Thursday (Jan. 10) at 9 p.m. EST (8 p.m. CST).






The series investigates wild weather systems throughout our solar system, such as violent winds on Saturn, dust storms on Mars, and acid rain on Venus that could eat through steel. One planet has lightning bolts 10,000 times more powerful than any on Earth.


A preview clip of the series details Jupiter’s Great Red Spot, the largest storm in the solar system, where winds can reach 400 miles per hour (640 kilometers per hour).


What would happen if such a storm were to arise on Earth, where no hurricane has ever had winds surpassing 200 mph (320 kph)?


“Hurricanes on Earth already do extensive damage,” University of California, Berkeley astronomer Alex Filippenko says in the series. “Well, think of one with 400-mile-an-hour winds. If you double the speed, that’s actually four times the energy of these swirling particles. It would really cause a lot of damage.”


That kind of tempest would qualify as a Category 20 hurricane on Earth, experts said.


Each week, the show will profile another amazing instance of jaw-dropping space weather, and then describe, in terrifying detail, what such climatic tantrums could do on our own planet.


“Exploring these unique weather phenomena in our solar system is a fascinating journey, but one understands the true magnitude of these galactic storms so much more when they are theoretically placed into the familiar context of life on Earth,” Michael Dingley, senior vice president of content and development at The Weather Channel, said in a statement.


Follow Clara Moskowitz on Twitter @ClaraMoskowitz or SPACE.com @Spacedotcom. We’re also on Facebook & Google+


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Wall Street edges up after Alcoa beats revenue estimates

NEW YORK (Reuters) - Stocks edged up on Wednesday after Alcoa got the earnings season under way with better-than-expected revenue and an encouraging outlook for the year.


The market's rise came after two-days of declines, with few catalysts to give direction and investors fretting about the start of earnings season after the prior quarter's lackluster performance.


Alcoa Inc said late on Tuesday it expects global demand for aluminum to grow in 2013, though the company expressed concern about the impact on business from a confrontation in Washington over the U.S. budget. Shares of Alcoa, the largest U.S. aluminum producer, were trading flat in early afternoon at around $9.12, after earlier trading higher.


Overall, corporate profits were expected to beat the previous quarter's meager 0.1 percent rise. Both earnings and revenues in the fourth quarter were expected to grow by 1.9 percent, according to Thomson Reuters data.


But the lowered expectations leave room for companies to surprise investors even if their results are not particularly strong, analysts said.


The current quarter was shaping up like the previous one, with companies lowering expectations in recent weeks, said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.


"So the big question and focus is on revenue, and Alcoa had better-than-expected revenue," calming the market a little, Dailey said.


The Dow Jones industrial average <.dji> was up 56.44 points, or 0.42 percent, at 13,385.29. The Standard & Poor's 500 Index <.spx> was up 3.31 points, or 0.23 percent, at 1,460.46. The Nasdaq Composite Index <.ixic> was up 11.50 points, or 0.37 percent, at 3,103.31.


Shares of Herbalife Ltd rose 3.5 percent to $39.70, following news that hedge fund manager Dan Loeb has taken a stake of more than 8 percent in the nutritional supplements seller, according to a regulatory filing. Herbalife has come under fire from prominent short-seller Bill Ackman, who has accused the company of being a "pyramid scheme," a charge it vehemently denies.


Facebook Inc shares rose above $30 per share for the first time since July, 2012. The social network sent out a media invitation on Tuesday saying, "Come and see what we're building." Facebook, which has been tight-lipped about its plans after its botched IPO in May, invited the media to its Menlo Park, California, campus on January 15.


Among other companies reporting earnings, Constellation Brands , whose labels include Robert Mondavi and Ravenswood wines, reported higher profit and raised its forecast. The stock was down 0.8 percent at $35.74.


Apollo Group Inc slid more than 11 percent after it reported lower student sign-ups for the third straight quarter and cut its operating profit outlook for 2013. Apollo's shares were last at $18.63.


(Reporting by Angela Moon; Editing by Kenneth Barry and Dan Grebler)



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Giant squid captured on video in ocean depths






TOKYO (AP) — After years of searching, scientists and broadcasters say they have captured video images of a giant squid in its natural habitat deep in the ocean for the first time.


The three-meter (nine-foot) invertebrate was filmed from a manned submersible during one of 100 dives in the Pacific last summer in a joint expedition by Japanese public broadcaster NHK, Discovery Channel and Japan’s National Museum of Nature and Science.






NHK released photographs of the giant squid this week ahead of Sunday’s show about the encounter. The Discovery Channel will air its program on Jan. 27.


The squid, which was inexplicably missing its two longest tentacles, was spotted in waters east of Chichi Island about 1,000 kilometers (600 miles) south of Tokyo, NHK said. The crew followed it to a depth of 900 meters (2,950 feet).


Little is known about the creature because its harsh environment makes it difficult for scientists to conduct research. Specimens have washed ashore on beaches but never before have been filmed in their normal habitat deep in the ocean, researchers say.


Japanese zoologist Tsunemi Kubodera, who was on board the submersible at the time of the encounter, was able to lure the giant squid with a one-meter (three-foot) -long diamond squid.


All the lights from the submersible were turned off while they waited. At a depth of 640 meters (2,100 feet), the giant squid appeared and wrapped its arms around the bait, eating it for over 20 minutes before letting go.


“What we were able to gain from this experience was the moment of the giant squid attacking its prey — we were able record that,” said Kubodera, who has been researching the giant squid since 2002.


Other scientists involved in the expedition this summer, which logged 400 hours of dives, were American oceanographer and marine biologists Edith Widder and Steve O’Shea from New Zealand.


NHK said a high-definition camera was developed for the project that could operate deep in the ocean and used a special wavelength of light invisible to the giant squid’s sensitive eyes.


Kubodera said scientific research, technology and the right lure all came together to make the encounter possible, and that this case will shed more light on deep-sea creatures going forward.


After more than a decade of going out to sea in search of the giant squid, he relished the moment he came face-to-face with it.


“It appeared only once, out of 100 dives. So perhaps, after over 10 years of some kind of relationship I’ve built with the giant squids, I feel, perhaps, it was the squid that came to see me.”


___


Associated Press video journalist Emily Wang contributed to this report.


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Wall Street loses ground as earnings season starts

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as the market consolidated from last week's rally on the "fiscal cliff" deal in Congress and investors awaited the start of the earnings season with lowered expectations.


Profits in the fourth quarter are seen above the previous quarter's lackluster results, but analysts' current estimates are down sharply from where they were in October. Quarterly earnings are expected to grow by 2.7 percent, according to Thomson Reuters data.


The benchmark S&P index has fallen 0.7 percent in the wake of the 4.3 percent jump in the two days surrounding the conclusion of the fiscal cliff debate, and investors have found few catalysts to extend the brief rally.


"The path of least resistance at the moment is lower just because we had that explosion to the upside after (the debate) in Washington," said Ken Polcari, director of the NYSE floor division at O'Neil Securities in New York.


"People are concerned about earnings," Polcari said, adding that other worries include raising the federal debt ceiling and automatic spending cuts set to take effect in weeks unless Congress acts.


"You are going to get this kind of apathetic market until we start to see what earnings look like," he said.


In Tuesday's results, Monsanto Co shares rose 2.6 percent to $98.46 after hitting a more than four-year high at $99.99. The world's largest seed company raised its earnings outlook for fiscal 2013 and posted strong first-quarter results.


Education provider Apollo Group and Dow component Alcoa Inc , the largest U.S. aluminum producer, round out the start of earnings season after the closing bell.


The Dow Jones industrial average <.dji> dropped 66.38 points, or 0.50 percent, to 13,317.91. The Standard & Poor's 500 Index <.spx> lost 7.88 points, or 0.54 percent, to 1,454.01. The Nasdaq Composite Index <.ixic> shed 17.31 points, or 0.56 percent, to 3,081.51.


AT&T Inc , which fell 1.8 percent to $34.30, was the biggest drag on the S&P 500 after the company said it had sold more than 10 million smartphones in the quarter, topping the same quarter in 2011 but also increasing costs for the wireless service provider.


Providers like AT&T pay hefty subsidies to handset makers so that they can offer device discounts to customers who commit to two-year contracts. Rival Verizon Wireless said on Monday it had its strongest fourth quarter ever.


The S&P telecom services index <.gspl>, down 2.8 percent, was the worst performing of the 10 major S&P sectors.


Shares of restaurant-chain operator Yum Brands Inc fell 4.5 percent to $64.82 a day after the KFC parent warned sales in China, its largest market, shrank more than expected in the fourth quarter.


Sears Holdings shares slumped 5.4 percent to $40.59 a day after the company said Chairman Edward Lampert would take over as CEO from Louis D'Ambrosio, who is stepping down due to a family member's health issue. The U.S. retailer also reported a 1.8 percent decline in quarter-to-date sales at stores open at least a year.


GameStop shares dropped 4.8 percent to $23.57 as the worst performer on the S&P 500 after the video game retailer reported sales for the holiday season and cut its guidance.


(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)



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Alabama preps for severe weather preparedness






MONTGOMERY, Ala. (AP) — Alabama‘s second annual Severe Weather Preparedness Sales Tax Holiday will be the weekend of Feb. 22-24.


The state Revenue Department says the state will waive its 4 percent sales tax on items used to prepare homes and businesses for hurricanes and tornadoes. Some cities and counties will do the same.






Items covered by the sales tax holiday include batteries, battery-powered radios, flashlights, tarpaulins, duct tape, plywood, self-contained first aid kits and fuel containers costing up to $ 60 per item. Also included are portable generators costing up to $ 1,000 each.


Online: http://www.revenue.alabama.gov


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Wall Street falls on banks' settlement, doubts on earnings

NEW YORK (Reuters) - Stocks fell on Monday as banks agreed to pay billions in a settlement with U.S. regulators and investors speculated that U.S. earnings for the end of 2012 would be only modestly better than in the previous quarter.


Financials declined after a group of home mortgage servicers, including major U.S. banks, agreed to pay a total of $8.5 billion to end a government-ordered, case-by-case review of foreclosures.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, was down 0.7 percent.


Earnings are expected to be only slightly better than the third-quarter's lackluster results, and analysts' current estimates are down sharply from what they were in October.


"There is little doubt that concerns about the fiscal cliff created spending hesitancy in both consumers and businesses in the fourth quarter, and it is likely that will adversely impact earnings season," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.


Aluminum company Alcoa Inc will unofficially launch the reporting season by announcing its results after Tuesday's market close.


The Dow Jones industrial average <.dji> was down 77.33 points, or 0.58 percent, at 13,357.88. The Standard & Poor's 500 Index <.spx> was down 8.69 points, or 0.59 percent, at 1,457.78. The Nasdaq Composite Index <.ixic> was down 12.39 points, or 0.40 percent, at 3,089.26.


The day's decline came a session after the S&P 500 finished at a five-year high and investors booked profits on stocks' best weekly gain in more than a year, boosted by a budget deal and economic data. The S&P 500 rose 4.6 percent last week.


Ten mortgage servicers - including Bank of America , Citigroup , JPMorgan , and Wells Fargo - agreed on Monday to pay $8.5 billion to end a case-by-case review of foreclosures required by U.S. regulators.


Bank of America also announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans.


The bank also entered into agreements with Nationstar Mortgage Holdings and Walter Investment Management to sell about $306 billion of residential mortgage servicing rights.


Bank of America shares were down 0.6 percent at $12.04 while Nationstar Mortgage Holdings jumped 11.3 percent to $36.97.


JPMorgan shares were down 0.4 percent at $45.16 and Citigroup shares were down 0.8 percent to $42.07. Wells Fargo shares fell 1.1 percent to $34.55.


Walt Disney Co started an internal cost cutting review several weeks ago that may include layoffs at its studio and other units, three people with knowledge of the effort told Reuters. Disney shares fell 2.4 percent to $50.95.


Video-streaming service Netflix Inc shares gained 5.8 percent to $101.55 after it said it will carry previous seasons of some popular shows produced by Time Warner's Warner Bros Television.


Amazon.com shares hit their highest price ever at $269.22 after Morgan Stanley raised its rating on the stock. Shares were up 3.3 percent at $267.77.


Major U.S. technology companies could miss estimates for fourth-quarter earnings as budget worries likely led some corporate clients to tighten their belts last month.


(Reporting By Angela Moon; Editing by Kenneth Barry)



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17th-Century ‘Aristotle’ Sex Manual Goes Up For Auction






A sex and pregnancy manual from 1680 that was incorrectly attributed to Aristotle is going up for auction this month at Lyon & Turnbull in England.


“Aristotle’s Compleat Master-Piece” may have been banned in Britain until the 1960s, according to some sources, though that is uncertain. One thing is for sure: “It was taboo and a lot of people didn’t want their name on it,” said Lyon & Turnbull book specialist Cathy Marsden, during an interview.






As for why the book was pegged to Aristotle, “we think it was just to kind of raise the profile of the book,” Marsden said. Also, there has been some suggestion that bits of the book, though not very much at all, could be attributed to Aristotle’s work. Bits also seem to come from the work of 17th-century physician Nicholas Culpeper and 13th-century saint and grand thinker Albertus Magnus.


The book, though taboo, was by no means “The Joy of Sex,” the 1972 cookbook-esque writing known for its explicit drawings of sex poses and the like. Images in this “master-piece” show a woman’s torso and drawings of hairy children with extra limbs, and according to the Guardian, an image showing a woman’s torso opened up to reveal a baby in her womb. But there are no actual explicit images, she said. [The Sex Quiz: Myths, Taboos & Bizarre Facts]


“It kind of explains the approach to marriage and when young people should be getting married and then it goes on to try to explain why children have deformities; they call it monstrous births,” Marsden told LiveScience. “They explain how to conceive children and how to conceive male and female children,” said Marsden, adding the book describes what type of moon to lie under to conceive a male or female child.


In the book section entitled “Of monsters and monstrous births,” the author(s) describe disfigured and hairy babies as “monsters.” For instance, in some editions of the book, it reads, “Another monster, representing a hairy child: It was covered with hair like a beast. That which rendered it more frightful was, that its navel was in the place where his nose should stand, and his eyes placed where his mouth should have been, and its mouth was in the chin.” 


“There is one bit that says a child was born black because the mother was thinking of a black man when she conceived him,” Marsden said.


In a section of one edition of the book explaining “what conception is,” the author writes, “The first day after the conception she feels a slight quivering or illness running through the whole body; a tickling in the womb, a little pain in the lower parts of the belly.” That passage goes on to describe the “giddiness” felt and “pimples in the face” that apparently were thought to occur days after conception.


Another section details “directions for midwives.”


The edition being auctioned at Lyon & Turnbull may have been published in 1766, according to The Guardian.


The bidding will start on Jan. 16 at the auction house in Edinburgh at between 300 and 400 British pounds (between $ 487 and $ 650). Other items going up for auction the same day include the rare, eight-volume history “A History of the Birds of Europe,” by 19th-century ornithologist Henry Dresser, as well as a hand-colored 16th-century map of Africa, Marsden said.


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.


Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.


That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.


Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.


In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.


"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.


Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.


U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.


Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.


"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.


Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.


REVENUE WORRIES


One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.


S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.


On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.


For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.


Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.


In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.


"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.


Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.


Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.


(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)



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Crater on Huge Asteroid Vesta Gets 3D Treatment






A new 3D photo from NASA‘s Dawn spacecraft reveals a stunning glimpse inside a massive crater on the huge asteroid Vesta. 


The new image shows dark streaks of carbon-rich material radiating out from the 9-mile-wide (15 kilometers) Cornelia Crater. The coal-black material speckles the rim and flanks of the crater, which is found in Vesta’s southern half. Dawn captured the images that make up the 3D mosaic while orbiting Vesta from an altitude of 420 miles (680 km), researchers said.






The dark material is common around the edges of two enormous impact basins in the southern hemisphere of Vesta, which at 325 miles (523 km) wide is the second-largest body in the main asteroid belt between Mars and Jupiter.


These two basins, which are known as Veneneia and Rheasilvia, were likely formed by asteroids between 25 and 36 miles (40 to 60 km) wide, scientists have said. The Rheasilvia impact probably blasted out about 250,000 cubic miles (1.04 million cubic km) of material — enough to fill the Grand Canyon 1,000 times over.


Veneneia, which apparently formed between two and three billion years ago, is about 250 miles (400 km) across. The younger Rheasilvia is even larger; at 310 miles (500 km) wide, it spans virtually all of Vesta’s diameter.


A recent analysis of the carbon-rich dark stuff suggests that much of it was delivered by the object that created Veneneia, researchers said. Some of the material was then likely covered up by the massive impact that produced Rheasilvia.


Scientists think Vesta is a protoplanet left over from the solar system’s early days, a building block whose progression toward full-fledged planet was halted by Jupiter’s powerful gravitational pull.


The $ 466 million Dawn spacecraft arrived at Vesta in July 2011 and orbited the intriguing object for more than a year. In September 2012, Dawn departed for the dwarf planet Ceres, the largest resident of the asteroid belt. Dawn is slated to arrive at Ceres in early 2015.


Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also on Facebook and Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.


Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.


That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.


Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.


In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.


"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.


Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.


U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.


Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.


"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.


Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.


REVENUE WORRIES


One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.


S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.


On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.


For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.


Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.


In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.


"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.


Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.


Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.


(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)



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