Aaron's Daily WWW Newspaper

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This edition was generated on Fri Oct 26 08:45:01 EDT 2012

Table of Contents

General News Update
Sports News Update
Business News Update
Miscellaneous Daily Information
Boston Area Weather

General News

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Sports News

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  • Richmond Federal Reserve Bank President Lacker speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte
    Fed's Lacker says inflation fears underpin policy dissent Reuters - 1 hr 12 mins ago

    WASHINGTON (Reuters) - The Federal Reserve's latest stimulus will not boost economic growth without creating unwanted inflation, said Jeffrey Lacker, president of the … More »Fed's Lacker says inflation fears underpin policy dissent

    Richmond Federal Reserve Bank President Lacker speaks during the Charlotte Chamber's Economic Outlook Conference in Charlotte

    WASHINGTON (Reuters) - The Federal Reserve's latest stimulus will not boost economic growth without creating unwanted inflation, said Jeffrey Lacker, president of the Richmond Fed and lone dissenter on the central bank's policy committee. Lacker said on Friday he also opposes the Fed's indication that it expects to keep …

  • View of Societe Generale bank's headquarters in La Defense near Paris
    SocGen receives Libor probe demand: source Reuters - 1 hr 33 mins ago

    PARIS (Reuters) - Societe Generale, France's second-biggest listed bank, has received a new request for information from U.S. authorities investigating the Libor rate-fixing … More »SocGen receives Libor probe demand: source

    View of Societe Generale bank's headquarters in La Defense near Paris

    PARIS (Reuters) - Societe Generale, France's second-biggest listed bank, has received a new request for information from U.S. authorities investigating the Libor rate-fixing scandal, a banking source told Reuters on Friday. SocGen has already said publicly it is cooperating with probes into whether banks manipulated the …

  • File photo of Apple senior vice president of worldwide marketing Philip Schiller introducing the new iPad mini during an Apple event in San Jose
    Apple's weak margin outlook surprises analysts Reuters - 1 hr 29 mins ago

    (Reuters) - At least three brokerages cut their price targets on Apple Inc by up to $50 a share after the iPhone maker surprised analysts by forecasting lower gross margins … More »Apple's weak margin outlook surprises analysts

    File photo of Apple senior vice president of worldwide marketing Philip Schiller introducing the new iPad mini during an Apple event in San Jose

    (Reuters) - At least three brokerages cut their price targets on Apple Inc by up to $50 a share after the iPhone maker surprised analysts by forecasting lower gross margins for the current quarter. Apple shares edged lower 0.1 percent to $608.85 in premarket trading. For the December quarter, Apple forecast revenue of $52 …

  • Logo of Opel is pictured at the Opel plant in Bochum
    No deal for Opel, unions on restructuring by deadline Reuters - 1 hr 7 mins ago

    HAMBURG (Reuters) - Loss-making General Motors unit Opel has not reached an agreement with its German workforce over a restructuring plan, including the planned closure … More »No deal for Opel, unions on restructuring by deadline

    Logo of Opel is pictured at the Opel plant in Bochum

    HAMBURG (Reuters) - Loss-making General Motors unit Opel has not reached an agreement with its German workforce over a restructuring plan, including the planned closure of its Bochum plant, by the Friday deadline imposed by trade union IG Metall. "Discussions will be held whether to continue negotiations and if so on what …

  • Greek debt to badly miss target: euro zone official Reuters - 32 mins ago

    BRUSSELS (Reuters) - Greek debt will be above the target of 120 percent of GDP in 2020, a preliminary report by the IMF showed on Thursday, and Athens will need more … More »Greek debt to badly miss target: euro zone official

    BRUSSELS (Reuters) - Greek debt will be above the target of 120 percent of GDP in 2020, a preliminary report by the IMF showed on Thursday, and Athens will need more reforms before emergency credit from international lenders can start flowing again. Excerpts from the International Monetary Fund (IMF) report were presented …

  • File photo of motorists queuing to fill natural gas at a Petronas station with its landmark Petronas Twin Towers headquarters in the background, in Kuala Lumpur
    Insight: How the Petronas deal fell victim to Canada's China fears Reuters - 6 hrs ago

    OTTAWA/CALGARY (Reuters) - Malaysian state-owned oil company Petronas was so confident last Friday that its purchase of Progress Energy Resources Corp would be approved … More »Insight: How the Petronas deal fell victim to Canada's China fears

    File photo of motorists queuing to fill natural gas at a Petronas station with its landmark Petronas Twin Towers headquarters in the background, in Kuala Lumpur

    OTTAWA/CALGARY (Reuters) - Malaysian state-owned oil company Petronas was so confident last Friday that its purchase of Progress Energy Resources Corp would be approved by Canada that company officials had drafted a press release to announce the news. At midnight Kuala Lumpur time, they were flabbergasted to learn that …

  • Former UBS trader Kweku Adoboli arrives at Southwark Crown Court in London
    My actions were not fraudulent, says UBS "rogue trader" Reuters - 1 hr 17 mins ago

    LONDON (Reuters) - Accused UBS "rogue trader" Kweku Adoboli said on Friday he did not believe his behavior had been fraudulent and it was unfair to suggest that his previous … More »My actions were not fraudulent, says UBS "rogue trader"

    Former UBS trader Kweku Adoboli arrives at Southwark Crown Court in London

    LONDON (Reuters) - Accused UBS "rogue trader" Kweku Adoboli said on Friday he did not believe his behavior had been fraudulent and it was unfair to suggest that his previous jobs in the UBS back office had given him the knowledge and skills to commit fraud. Adoboli, 32, was speaking for the first time in his six-week trial …

  • Newell Rubbermaid reorganizing, cutting jobs AP - 28 mins ago

    Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years as the consumer products company … More »Newell Rubbermaid reorganizing, cutting jobs

    Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years as the consumer products company reorganizes its operations in a bid to boost profitability.

  • Goodyear Tire 3Q net income falls 32 percent AP - 23 mins ago

    Goodyear Tire & Rubber Co. said Friday that its third-quarter net income fell by nearly one-third as lower tire sales in Europe offset cost savings and higher North … More »Goodyear Tire 3Q net income falls 32 percent

    Goodyear Tire & Rubber Co. said Friday that its third-quarter net income fell by nearly one-third as lower tire sales in Europe offset cost savings and higher North American profits.

  • Comcast 3Q profit, sales top Street on upbeat subs AP - 1 hr 34 mins ago

    Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer … More »Comcast 3Q profit, sales top Street on upbeat subs

    Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics.

  • In this Monday, Oct. 22, 2012, photo, specialist Patrick Kenny works on the floor of the New York Stock Exchange. Stock futures are falling sharply Friday, Oct. 26, before the government provides a peek at the nation’s economic growth over the past three months. Latest government data on the growth of the U.S. economy is expected to show tepid expansion. (AP Photo/Richard Drew)
    US futures sharply lower ahead of GDP report AP - 22 mins ago

    Stock futures are falling sharply before the government provides a peek at U.S. economic growth over the past three months. More »US futures sharply lower ahead of GDP report

    In this Monday, Oct. 22, 2012, photo, specialist Patrick Kenny works on the floor of the New York Stock Exchange. Stock futures are falling sharply Friday, Oct. 26, before the government provides a peek at the nation’s economic growth over the past three months. Latest government data on the growth of the U.S. economy is expected to show tepid expansion. (AP Photo/Richard Drew)

    Stock futures are falling sharply before the government provides a peek at U.S. economic growth over the past three months.

  • Merck 3Q profit up 2 pct despite sales decline AP - 33 mins ago

    Drugmaker Merck & Co. said Friday that third-quarter profit rose 2 percent as reduced spending on overhead offset lower sales due to new generic competition for its top-selling … More »Merck 3Q profit up 2 pct despite sales decline

    Drugmaker Merck & Co. said Friday that third-quarter profit rose 2 percent as reduced spending on overhead offset lower sales due to new generic competition for its top-selling drug, Singulair.

  • People look at an electronic stock board of a securities firm in Tokyo, Friday, Oct. 26, 2012. Asian stock markets fell Friday after the latest data on U.S. housing dimmed hopes of improvement in an industry that is crucial to recovery in the world's No. 1 economy. Japan's Nikkei 225 index fell 0.9 percent to 8,973.97. (AP Photo/Koji Sasahara)
    Apple disappointment weighs on markets AP - 2 hrs 3 mins ago

    Worse than expected earnings from Apple and Amazon were weighing on markets Friday ahead of the first estimate for third-quarter U.S. economic growth. More »Apple disappointment weighs on markets

    People look at an electronic stock board of a securities firm in Tokyo, Friday, Oct. 26, 2012. Asian stock markets fell Friday after the latest data on U.S. housing dimmed hopes of improvement in an industry that is crucial to recovery in the world's No. 1 economy. Japan's Nikkei 225 index fell 0.9 percent to 8,973.97. (AP Photo/Koji Sasahara)

    Worse than expected earnings from Apple and Amazon were weighing on markets Friday ahead of the first estimate for third-quarter U.S. economic growth.

  • Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York,  Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)
    Where do I click, again? A guide to Windows 8 AP - 5 hrs ago

    With the launch of Windows 8, buyers are about to discover a computing experience unlike anything they've seen before. Here's a guide to getting past some of the hu … More »Where do I click, again? A guide to Windows 8

    Microsoft CEO Steve Ballmer gives his presentation at the launch of Microsoft Windows 8, in New York,  Thursday, Oct. 25, 2012. Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system in 17 years. (AP Photo/Richard Drew)

    With the launch of Windows 8, buyers are about to discover a computing experience unlike anything they've seen before. Here's a guide to getting past some of the hurdles.

  • In this Oct. 24, 2012, photo, a pedestrian walks in Greektown in downtown Detroit. When baseball's World Series returns to Detroit this weekend for Game 3, television viewers will see vibrant crowds and skyline shots of the city. Yet beyond the hot dogs and home runs, Detroit is struggling to cross home plate. (AP Photo/Carlos Osorio)
    Still on the rebound, Detroit hosts World Series AP - 5 hrs ago

    An ace pitcher and some of the game's best sluggers are the winning combination that has put the Detroit Tigers in the World Series for the second time since 2006. But … More »Still on the rebound, Detroit hosts World Series

    In this Oct. 24, 2012, photo, a pedestrian walks in Greektown in downtown Detroit. When baseball's World Series returns to Detroit this weekend for Game 3, television viewers will see vibrant crowds and skyline shots of the city. Yet beyond the hot dogs and home runs, Detroit is struggling to cross home plate. (AP Photo/Carlos Osorio)

    An ace pitcher and some of the game's best sluggers are the winning combination that has put the Detroit Tigers in the World Series for the second time since 2006. But miles away from Comerica Park, much of the city still seems many seasons from its own grand slam.

  • Silvio Berlusconi faces verdict in tax fraud case AP - 26 mins ago

    An Italian court is set to deliver verdicts Friday against former Prime Minister Silvio Berlusconi and 10 others in a six-year-old tax fraud trial. More »Silvio Berlusconi faces verdict in tax fraud case

    An Italian court is set to deliver verdicts Friday against former Prime Minister Silvio Berlusconi and 10 others in a six-year-old tax fraud trial.

  • This Oct. 25, 2012 photo shows appliances on display at Orville's Home Appliances store in Amherst, N.Y.  The government's snapshot Friday, Oct. 26, 2012,  of the U.S. economy's growth will be its last before Americans choose a president in 11 days.  It probably won't sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that's been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government's report covers gross domestic product. GDP measures the nation's total output of goods and services — from restaurant meals and haircuts to airplanes, appliances and highways.  (AP Photo/David Duprey)
    US economy likely grew slowly last quarter AP - 6 hrs ago

    The government's snapshot Friday of the U.S. economy's growth will be its last before Americans choose a president in 11 days. More »US economy likely grew slowly last quarter

    This Oct. 25, 2012 photo shows appliances on display at Orville's Home Appliances store in Amherst, N.Y.  The government's snapshot Friday, Oct. 26, 2012,  of the U.S. economy's growth will be its last before Americans choose a president in 11 days.  It probably won't sway many undecided voters. The first of three estimates of growth for the July-September quarter will likely sketch a picture that's been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment, corporate anxiety over an unresolved budget crisis and a global economic slowdown. The government's report covers gross domestic product. GDP measures the nation's total output of goods and services — from restaurant meals and haircuts to airplanes, appliances and highways.  (AP Photo/David Duprey)

    The government's snapshot Friday of the U.S. economy's growth will be its last before Americans choose a president in 11 days.

  • Publicis hit by 'wait-and-see' advertisers Reuters - 12 mins ago

    PARIS (Reuters) - Europe's weak economy took a heavy toll on third-quarter growth at advertising agency Publicis, which joined rivals in saying that demand would be extremely … More »Publicis hit by 'wait-and-see' advertisers

    PARIS (Reuters) - Europe's weak economy took a heavy toll on third-quarter growth at advertising agency Publicis, which joined rivals in saying that demand would be extremely difficult to predict. What had been hailed as a banner year for the advertising industry is ending on a sour note. The expected boost from big promotional …

  • US economic growth improves to 2 pct. rate in Q3 AP - 13 mins ago

    The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government … More »US economic growth improves to 2 pct. rate in Q3

    The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.

  • Women carry shopping bags through Times Square in New York
    Consumers boost growth despite business caution Reuters - 13 mins ago

    WASHINGTON (Reuters) - Economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year … More »Consumers boost growth despite business caution

    Women carry shopping bags through Times Square in New York

    WASHINGTON (Reuters) - Economic growth picked up in the third quarter as a late burst in consumer spending offset the first cutbacks in investment in more than a year by cautious businesses. The stronger pace of expansion, however, fell short of what is needed to make much of a dent in unemployment, and offers little cheer …

Miscellaneous Daily Stuff

Quotes of the Day

Selected from Michael Moncur's Collection of Quotations - October 26, 2012
History is the version of past events that people have decided to agree upon.
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Napoleon Bonaparte (1769 - 1821)  
Your manuscript is both good and original, but the part that is good is not original and the part that is original is not good.
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Samuel Johnson (1709 - 1784), (attributed)  
I have often depended on the blindness of strangers.
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Adrienne E. Gusoff  
There is no pleasure in having nothing to do; the fun is in having lots to do and not doing it.
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Mary Wilson Little  

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