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Wall St. ticks up on earnings; technicals, conflicts eyed

Specialist trader Geoffrey Friedman gives a price just after the opening bell on the floor of the New York Stock Exchange By Rodrigo Campos NEW YORK (Reuters) - The S&P 500 hit a record high on Wednesday, lifted by bullish earnings from companies like Apple and Microsoft, though technical resistance and conflicts in Ukraine and the Gaza Strip kept gains in check. The S&P touched a record above 1,989 but the 1,985-1,990 area was developing into technical resistance, analysts said. News of two Ukrainian fighter jets being downed Wednesday, near the area where a passenger jet was shot down last week, added to caution on markets. "What we have today is a testing of the (resistance level) on the S&P," said Art Hogan, chief market strategist at Wunderlich Securities in New York.


SEC poised to end $1 a share for some money funds

FILE- In this Dec. 17, 2008 file photo, the Securities and Exchange Commission (SEC) headquarters in Washington is shown. Regulators are expected to vote Wednesday July 23, 2014 to end a longtime staple of the investment industry _ the fixed $1 share price for money-market mutual funds _ at least for some money funds used by big investors. (AP Photo/File) WASHINGTON (AP) — Regulators prepared to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.


Apple margin concerns fade, focus shifts to iPhone launch

The gold colored version of the new iPhone 5S is seen after Apple Inc's media event in Cupertino (Reuters) - A rise in margins has raised hopes that Apple Inc may be able to hold the line on pricing ahead of the launch of new iPhones later this year. Apple's shares rose 3.3 percent to a 22-month high of $97.88 on the Nasdaq on Wednesday. Apple's gross margin rose to 39.4 percent in the third quarter from 36.9 percent a year earlier, and the company forecast current-quarter margins of 37-38 percent. "With (gross margins) stabilizing (year-on-year) and core demand trends solid, we think investors will want to own Apple stock (going) into bigger-screen iPhone 6 and ecosystem-expanding iWatch/iBand launches," Evercore Group analysts wrote in a note.


New safety rules proposed to curb oil train fires

WASHINGTON (AP) — Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.

Whirlpool cuts outlook as sales outside North America fall

Whirlpool appliance manufacturing plant located in Cleveland Whirlpool Corp on Wednesday reported a lower-than-expected quarterly profit as sales fell in every region except North America. The news sent shares of Whirlpool, the world's largest maker of home appliances, down as much as 5.5 percent. Whirlpool, which sells its washers and dryers, stoves, and refrigerators under its own name as well as brands including Maytag, KitchenAid and Jenn-Air, said it had sold $4.7 billion in goods during the quarter, unchanged from a year earlier. The Benton Harbor, Michigan-based company said sales gains in North America were offset by weakness in the rest of the world, including Latin America, Europe and Asia.


European carriers suspend more Tel Aviv flights

A arrivals flight board displays various canceled and delayed flights in Ben Gurion International airport a day after the U.S. Federal Aviation Administration imposed a 24-hour restriction on flights after a Hamas rocket landed Tuesday within a mile of the airport, in Tel Aviv, Israel, Wednesday, July 23, 2014. U.S. Secretary of State John Kerry flew into Israel's main airport Wednesday despite a Federal Aviation Administration ban in an apparent sign of his determination to achieve a cease-fire agreement in the warring Gaza Strip despite little evidence of progress in ongoing negotiations. (AP Photo/Dan Balilty) BERLIN (AP) — Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of ongoing safety concerns amid the fighting between Israel and Hamas.


Weird! Robot 'Emotions' Mirrored by Humans

Weird! Robot 'Emotions' Mirrored by Humans Without thinking, humans tend to mimic the facial expressions of others. This empathetic response is so strong that people might even instinctively copy the facial expressions of creepy robots, a new study suggests. Researchers observed how students interacted with a robot made to look like physicist Albert Einstein to explore the phenomenon of facial mimicry. This instinctive human quirk, also observed in chimps, causes individuals to subconsciously mimic each other's facial expressions.


U.S. scientists urge 'national vision' to curb coastal risks in report

(Reuters) - A group of top scientists has called for a fundamental change to how the United States deals with risks to its Atlantic and Gulf coasts from storms and climate change in a National Research Council report released Wednesday. Urging a "national vision" toward addressing coastal risks, the report comes on the heels of a Reuters analysis published earlier this month showing that coastal flooding along the densely populated Eastern Seaboard of the United States has surged in recent years, with steep financial consequences. The great majority of money - most of it federal dollars -spent on coastal risks goes toward recovery after a disaster rather than on planning for and mitigating against storms, climate change and sea-level rise, the report said. Instead, the federal government should push for a national coastal risk assessment to identify best practices and uniform measures of progress, and move away from the current decentralized approach to coastal management, the report said.

Survival of the Flight Test: Airplanes Evolve, Too

Survival of the Flight Test: Airplanes Evolve, Too Adrian Bejan, a mechanical engineer at Duke University in Durham, North Carolina, and his colleagues analyzed aircraft designs from the earliest days of manned flight. They foresee the creation of more larger aircraft, with engine sizes and wingspans remaining proportional to fuselage sizes.


Argentina, bondholder talks with mediator set for Wednesday postponed

New York financial trial lawyer Pollack exits the U.S. District Court for the Southern District of New York in Lower Manhattan Settlement talks set for Wednesday between Argentina and bondholders who did not participate in the country's past debt restructuring have been postponed, the court-appointed mediator said. Daniel Pollack, a New York lawyer appointed to oversee the settlement discussions, had scheduled a meeting for 10 a.m. EDT after a U.S. judge ordered the parties to meet "continuously" until a deal is reached.


SEC poised to adopt reforms for money market funds

To match Special Report SEC/INVESTIGATIONS By Sarah N. Lynch WASHINGTON (Reuters) - U.S. regulators unveiled rules on Wednesday that will force "prime" money market funds used by large institutions to float their share price, in an effort to reduce the risk of investor runs. The Securities and Exchange Commission's new rules, which are expected to be adopted later Wednesday, come after more than two years of struggling to agree on how to craft reforms that will help prevent a repeat of the 2008 financial crisis. In 2008, the Reserve Primary Fund's heavy exposure to Lehman Brothers led panicked investors to yank out their money, causing the fund to 'break the buck' when its net asset value fell below $1 per share. The Federal Reserve was ultimately forced to backstop the industry until the chaos subsided.


Industrial and Safety & Graphics Segments Will Likely Drive 3M's Earnings

We expect 3M's strong sales growth to continue into the second quarter with growth across all segments. Growth in purification products and products for automotive original equipment manufacturers will help drive growth in 3M's Industrial segment. Increased industrial, housing and construction activity should have a positive impact on 3M's Safety & Graphics segment.

4 Industrial Stocks to Surprise this Earnings Season

Favourable industrial activities indicate a healthy demand for industrial products sector.

US hedge fund files suit against Puerto Rico gov

SAN JUAN, Puerto Rico (AP) — The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed.

PepsiCo raises profit forecast as North America snack sales rise

File photo of cases of Pepsi displayed for sale in Carlsbad (Reuters) - PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. Shares of the maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice rose 2.3 percent to $91.25 before the bell. The company said organic revenue grew 5 percent in its global snacks business, partly due to price hikes. Organic revenue rose 2 percent in its beverages business. Snack volumes in North America grew 2. ...


Higher commercial jet deliveries boost Boeing's profit

The Boeing logo is seen on a Boeing 787 Dreamliner airplane in Long Beach Boeing Co reported a 52 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries, and raised its full-year earnings forecast. Still, that was not enough for the company to beat Wall Street's average revenue estimate. Boeing's shares, which have gained 21 percent in the past year, were down 1 percent at $128.40 premarket on Wednesday. The company said commercial aircraft deliveries rose 7 percent to 181, including 30 Dreamliner jets, in the second quarter ended June 30.


Got Cavities? Ancient Teeth Reveal Bacteria's Evolution

Got Cavities? Ancient Teeth Reveal Bacteria's Evolution Ouch! The bacterium that causes toothaches has become more diverse over the course of human history, a new study finds. Streptococcus mutans is a nasty little bacterium that lurks in the mouth, frequently causing tooth decay and cavities. Now, a new analysis of the bacteria's DNA extracted from human teeth dating back to the Bronze Age reveals the bug has been mutating randomly over the years, becoming more diverse as the human population grows, perhaps because it has more mouths to fill.


EU seeks energy efficiency to ease Russia gas link

BRUSSELS (AP) — The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports, particularly those from Russia.

Delta Air quarterly profit rises, aided by U.S. demand

Customers wait their turn to be served at at the Delta airlines office in Caracas (Reuters) - Delta Air Lines reported a higher second-quarter profit on Wednesday as it flew fuller planes and enjoyed higher passenger revenue in the United States and Europe. Delta expected unit revenue - a benchmark gauge known as passenger revenue per available seat mile - to grow 2 percent to 4 percent in the current quarter.


Lufthansa cancels another day of Tel Aviv flights

BERLIN (AP) — Germany's largest airline, Lufthansa, says it is cancelling all flights to Tel Aviv for at least another 24 hours because of ongoing safety concerns.

Zacks Industry Outlook Highlights: Alliance Resource Partners, Natural Resources LP, Alliance Holdings, CONSOL Energy ...

Zacks Industry Outlook Highlights: Alliance Resource Partners, Natural Resources LP, Alliance Holdings, CONSOL Energy and Alpha Natural Resources

Fox Factory Holding Corp. Announces Second Quarter Fiscal Year 2014 Earnings Conference Call

SCOTTS VALLEY, Calif. -- Fox Factory Holding Corp. ("FOX") will announce results for the second quarter ended June 30, 2014, on Wednesday, August 6, 2014, after the market close.

Five held in China food scandal probe, including head of Shanghai Husi Food

Employees stand during a seizure conducted at the Husi Food factory in Shanghai By Brenda Goh and Paul Carsten SHANGHAI/LANGFANG China (Reuters) - Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands including KFC and McDonald's Corp over allegations the firm supplied out-of-date meat. The five detained include the head of the company - Shanghai Husi Food Co Ltd, a unit of U.S.-based OSI Group LLC - and the firm's quality manager, the police said in an online statement. McDonald's, Yum Brands Inc, the parent company of KFC and Pizza Hut, and coffee chain Starbucks Corp are among global brands to have pulled products from their outlets after it emerged that Shanghai Husi supplied expired meat to clients in China, as well as Japan, in the latest in a series of food safety scandals in the country. Earlier, the official Xinhua news agency cited the Shanghai food and drug watchdog as saying that food safety violations at Shanghai Husi were company-led rather than the acts of individuals.


Devon Shifts Focus to Eagle Ford Oil Plays With Asset Sale to LINN Energy, an Industrial Info News Alert

Researched by Industrial Info Resources -- The makeover at Devon Energy Corporation is complete, following a strategic decision late last year to focus on oil plays in the Eagle Ford Shale. The latest, ...

NY Fed found serious problems at Deutsche Bank's U.S. arms: source

A man walks past Deutsche Bank offices in London The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters. In a letter to the German lender's executives last December, a senior official with the New York Fed described financial reports produced by some of the bank's U.S. divisions as "low quality, inaccurate and unreliable", said the source, who is familiar with the letter. The New York Fed, as the U.S. central bank's eyes and ears on Wall Street, directly supervises the biggest U.S. and foreign banks, partly through embedded regulators who go to work each day inside the banks. Deutsche Bank shares lost 1.8 percent in early trading, the biggest decliners on both Germany's blue-chip index and among the European banking sector, on fears that U.S. regulators could take action against the bank.


Research and Markets: Global Industrial Valve and Actuator Market 2014-2018

Research and Markets has announced the addition of the "Global Industrial Valve and Actuator Market 2014-2018"

NASA Spacecraft Just One Year Away from Pluto

NASA Spacecraft Just One Year Away from Pluto Less than a year from now, NASA's New Horizons spacecraft will make the first-ever visit to Pluto, potentially revolutionizing scientists' understanding of the dwarf planet. Researchers hope New Horizons will lay some of those questions to rest when it flies by Pluto on July 15, 2015. "Many predictions have been made by the science community, including possible rings, geyser eruptions, and even lakes,"  Adriana Ocampo, program executive for NASA's New Frontiers program, said in a statement. The best images from NASA's famous Hubble Space Telescope simply show Pluto's spherical shape and reddish color.


These Quadcopter Dropships Could Land Rovers on Mars (Video)

These Quadcopter Dropships Could Land Rovers on Mars (Video) An autonomous quadcopter could be landing space rovers on the Martian surface in future explorations of the Red Planet. The European Space Agency's (ESA) "dropship" quadcopter steers itself, and can identify suitable areas to safely lower and land a rover onto the rocky surface of Mars. Any unmanned rover lander headed for the Red Planet must be autonomous. After a parachute slowed Curiosity's descent, this autonomous structure took over.


China detains employees of suspect meat seller

A man eats a burger at a McDonald's restaurant in Beijing Tuesday, July 22, 2014. China's food safety agency on Tuesday announced a nationwide inspection of processing factories and meat suppliers used by a company accused of selling expired beef and chicken to McDonald's and KFC. (AP Photo/Ng Han Guan) BEIJING (AP) — Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.


Research and Markets: Global Forging Industry 2014-2018 Featuring Key Vendors: Bharat Forged, Nippon Steel and ...

Research and Markets has announced the addition of the "Global Forging Industry 2014-2018" report to their offeri

Despite sanctions call, UK OKs Russia arms exports

LONDON (AP) — Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said Wednesday.

Industrial Robotics - Global Strategic Business Report: Updated 2014 Report

Dublin -- Research and Markets (http://www.researchandmarkets.com/research/gtvxrp/industrial) has announced the addition of the "Industrial Robotics - Global Strategic Business Report" report ...

The Factory in the China Food Scandal Is Foreign-Owned. That Could Have Made It a Target

No company should be allowed to get away with unsafe products, but the harsh spotlight shone on multinational enterprises in China could be part of an effort to undermine them in favor of local businesses

Agents get subsidized 'Obamacare' using fake IDs

WASHINGTON (AP) — Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law.

In international flight, volatile conflicts abound

Israeli police officers secure a destroyed house that was hit by a rocket fired by Palestinians militants from Gaza, in Yahud, a Tel Aviv suburb near the airport, central Israel, Tuesday, July 22, 2014. As a result, Delta Air Lines and U.S. Airlines decided to cancel their scheduled flights to Israel.(AP Photo/Dan Balilty) DUBAI, United Arab Emirates (AP) — In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems leftover from the ouster of Moammar Gadhafi.


Elephants Can Outsniff Rats and Dogs

Elephants Can Outsniff Rats and Dogs Elephants are known for their impressively long trunks, but perhaps less well known is the large number of genes that code for their sense smell. "Rats had the record for the largest number of [these] genes," said the study's lead researcher Yoshiihito Niimura, a researcher of molecular evolution at The University of Tokyo in Japan. The findings support other research on the pachyderm's superior sense of smell. African elephants can smell the difference between two tribes living in Kenya: the Maasai, whose young men prove their virility by spearing elephants, and the Kamba, farmers who usually leave elephants alone, reported a 2007 study published in the journal Current Biology.


Ethiopia Becomes China’s China in Search for Cheap Labor

Ethiopian employees work inside the Huajian Shoes' factory outside Addis Ababa. Close Ethiopian employees work inside the Huajian Shoes' factory outside Addis Ababa.

Hacking experts build device to protect cars from cyber attacks

By Jim Finkle BOSTON (Reuters) - Two security experts who a year ago exposed methods for hacking the Toyota Prius and Ford Escape say they have developed technology that would keep automobiles safe from cyber attacks. At last summer's Def Con hacking conference in Las Vegas, the two researchers, Chris Valasek and Charlie Miller, described ways to launch dangerous attacks, including manipulating the brakes of the moving Prius and the Ford Escape. Valasek told Reuters on Tuesday that he and Miller will show off a prototype vehicle "intrusion prevention device" at next month's Black Hat hacking conference in Las Vegas.

Schizophrenia has many genetic links, study says

By Andrew M. Seaman NEW YORK - More than 100 locations on the human genome may play a role in a person’s risk of developing schizophrenia, according to a new study. While the results do not have an immediate effect on those living with the psychiatric disorder, one of the study’s authors said they open areas of research that had not seen advances in recent years. "The exciting thing about having little openings is it gives you a place to dig and make big openings,” said Steve McCarroll, director of genetics for the Stanley Center for Psychiatric Research at the Broad Institute in Cambridge, Massachusetts. McCarroll is part of the Schizophrenia Working Group of the Psychiatric Genomics Consortium, which published the study in the journal Nature.

Ethiopia Becomes China’s China in Global Search for Cheap Labor

Ethiopian workers strolling through the parking lot of Huajian Shoes' factory outside Addis Ababa last month chose the wrong day to leave their shirts untucked. Company President Zhang Huarong, just arrived on a visit from China, spotted them through the window, sprang up and ran outside. Shaping up a handful of employees is one small part of Zhang's quest to profit from Huajian's factory wages ...

WPT Industrial Real Estate Investment Trust Announces July 2014 Distribution

WPT Industrial Real Estate Investment Trust Announces July 2014 Distribution

Industry Training Authority and BC Lions Roar Back Into Schools for Another Year With Lions in the House Initiative

Industry Training Authority and the BC Lions Football Club are extending their partnership to provide a popular school program - the Lions in the House initiative. This is the second year that the Lions ...

Only Zoo Keepers Get to Feed the Penguins (Op-Ed)

Only Zoo Keepers Get to Feed the Penguins (Op-Ed) Nora Beirne, a senior keeper at the Wildlife Conservation Society (WCS), contributed this article to Live Science's Expert Voices: Op-Ed & Insights.  When I went to The College of New Jersey, I was an English major, but I took several pre-med classes. Then, in my senior year, Pat Thomas — associate director of the Bronx Zoo and vice president and general curator for the Wildlife Conservation Society — gave a talk to the biology department. In six years as a zoo keeper, I've trained red pandas for injections, fed black bears jelly off a spoon and held a komodo dragon.  


Homer Hickam: The Science Behind 'Crater Trueblood' (Op-Ed)

Homer Hickam: The Science Behind 'Crater Trueblood' (Op-Ed) Homer Hickam is The New York Times No. 1 best-selling author of "Rocket Boys" — also known as "October Sky" (Dell Publishing, 2000) following the book's adaptation to film — and the "Helium-3" novels "Crater" (Thomas Nelson, 2012), "Crescent" (Thomas Nelson, 2013) "Crater Trueblood and The Lunar Rescue Company" (Thomas Nelson, 2014), as well as a retired NASA engineer. There, a ghost town awaits, the previous residents scared off by weird emanations of LTP.


Research and Markets: Global and Chinese Photodiode Industry Report 2014-2019

Research and Markets has announced the addition of the "Global and Chinese Photodiode Industry Report 2014" report to

Whale Path Study Finds Over 1 Million Industrial Robots Installed Worldwide

A 60% rise since 2009 in the global market for industrial robots has brought the number of in use to over 1 million, according to a study released today by Whale Path, the leading research marketplace. ...

Research and Markets: Global and Chinese Sialic Acid Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Sialic Acid Industry Report 2014" report t

Research and Markets: Global and Chinese Automotive Lubricants Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Automotive Lubricants Industry Report 2014

Research and Markets: Global and Chinese Benzoyl Peroxide Industry Report 2014

Research and Markets has announced the addition of the "Global and Chinese Benzoyl Peroxide Industry Report 2014" rep

Taller, Fatter, Older: How Humans Have Changed in 100 Years

middel aged fat man Humans are getting taller; Most of the transformations that occur within such a short time period "are simply the developmental responses of organisms to changed conditions," such as differences in nutrition, food distribution, health care and hygiene practices, said Stephen Stearns, a professor of ecology and evolutionary biology at Yale University. But the origin of these changes may be much deeper and more complex than that, said Stearns, pointing to a study finding that British soldiers have shot up in height in the past century. "Evolution has shaped the developmental program that can respond flexibly to changes in the environment," Stearns said.


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