Saturday, December 31, 2011

NY bill would require bachelor's degrees for RNs

(AP) ? New registered nurses would have to earn bachelor's degrees within 10 years to keep working in New York under a bill lawmakers are considering as part of a national push to raise educational standards for nurses, even as the health care industry faces staffing shortages.

The "BSN in 10" initiative backed by nursing associations and major health policy organizations aims to attack the complex problem of too few nurses trained to care for an aging population that includes hundreds of thousands of nurses expected to retire in the coming years. But some in the health care industry worry that increased education requirements could worsen the problem by discouraging entrants into the field.

Currently, most registered nurses have two-year associate's degrees. No state requires a four-year degree for initial licensing or afterward, though New Jersey and Rhode Island have considered proposals similar to New York's over the past several years. New York's legislation died in committee last session, but it has bipartisan support in both chambers this year and could be debated as early as January.

Demand for more skilled nurses is increasing as the population gets older and has more chronic diseases, and as the new federal health care law promises to help 32 million more Americans gain insurance within a few years.

Federal health officials have recommended upgrading nurse education to BSNs for more than a decade, and the idea got a boost in a 2010 report, "The Future of Nursing," by the National Academy of Sciences nonprofit Institute of Medicine and the Robert Wood Johnson Foundation. As of 2008, about a third of RNs had bachelor's degrees or higher, according to federal statistics. The institute recommended increasing that to 80 percent by 2020.

Advocates say that in addition to improving patient care, a key reason for requiring more education is to put more nurses in position to move on to jobs in administration and in-demand specialties like oncology, and to teach at nursing schools, where the average faculty age is 53.

"More and more hospitals are looking to hire BSNs, but the catch is that not that many schools offer the RN-to-BSN program or have the faculty to teach it," said Sharon Shockness, an adjunct teacher at Mercy College in Westchester County.

The New York bill's main sponsors, Democratic Assemblyman Joseph Morelle of Rochester and Republican Sen. James Alesi of Monroe County, said the bill is needed to further professionalize nursing. Both serve on their respective higher education committees and represent districts that include University of Rochester Medical Center and St. John Fisher College, which have BSN programs.

In addition to helping provide future teachers, the lawmakers say the added education and critical thinking skills are needed as patient care has become more sophisticated and studies show staff with higher levels of education serve patients better.

In a memo supporting the bill, the New York State Nurses Association cites a 2003 University of Pennsylvania study that found every 10 percent increase in staffing by nurses with bachelor's degrees results in a 5 percent decrease in surgical deaths.

Current registered nurses would be exempt from the education requirement to prevent driving more nurses from the field.

"This bill shouldn't discourage anyone at this point because it doesn't involve anyone even applying for licensure right now ... and 10 years is a long time to get a degree that will give you better pay," Alesi said.

Alesi contends the measure will "improve the landscape of nursing" by increasing the pool of RNs who can go on to obtain master's degrees and teach.

Researchers say almost 900,000 of the nation's roughly 3 million licensed RNs are older than 50, and while there's been an uptick in new, younger nurses, shortages are still expected as the health care industry continues to add nursing jobs. The federal Bureau of Labor Statistics estimated in 2009 that almost 582,000 new RN jobs would be created by 2018.

Federal projections in 2004, the most recent available, forecast a shortfall of 54,000 RN jobs in New York by 2020; the state currently has about 170,000 working nurses. But the state and national shortage estimates have varied greatly as the overall economy and national health policy have changed. A study published this year in the journal Health Affairs reports a surge among younger RNs entering the workforce, pointing to an easing of a national shortage previously forecast to reach 400,000 by 2020.

That shortage concerns New York's health care providers.

William Van Slyke, spokesman for the Healthcare Association of New York State, said the organization representing health care networks and hospitals supports having a better educated nursing workforce, but opposes a four-year degree mandate.

One problem, he said, is the lack of nursing faculty ? the same issue advocates say the bill would address.

"If you start the clock and you don't have the educational system, we may find ourselves having to turn away staff and have shortages," Van Slyke said.

The association has proposed legislation that would provide incentives like loan forgiveness to encourage people to become nurse educators, he said, but lawmakers haven't taken up the idea.

Morelle, the Assembly sponsor, said the state's community colleges also have expressed concerns that the requirement will cut into the number of people seeking the 2-year degrees they offer.

"Their classes are overflowing," Morelle said, and there is a "whole host of programs" that allow students to progress from a 2-year to a 4-year program.

A spokesman for the New York nurses association said New York City metropolitan area hospitals are increasingly requiring new RNs to have a bachelor's degree or earn one within five years, creating a disparity in standards between downstate and upstate, where fewer candidates have four-year degrees.

"Even without the legislation in place, hospitals and other medical facilities are making hiring decisions that favor those with BSN degrees over those without them," said Dr. Peggy Tallier, program director and associate professor in nursing school health at Mercy College.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-30-NY%20Nurse%20Education/id-241628b7062445eeb3475d279bc63cd5

team america snow day snow day neti pot iron chef bath and body works coupons jeff probst

2011 Was a Terrible Year for Tech

Apple, Google, Microsoft, and Amazon are all working on ways to allow me to seamlessly switch from device to device, but, again, their competing interests prevent them from creating something that just works everywhere. This year Apple unveiled iCloud, a way to keep your data automatically synced between all your services?but of course it won?t sync anything you do on your Android phone. I love the way that Google?s Chrome Web browser remembers everything that I do on every computer: When I save a bookmark or add an extension to Chrome on my laptop, my desktop instantly gets the same info. But the iPhone, iPad, Windows Phone, and Kindle Fire don?t run Chrome, so it?s no help there.

Source: http://feeds.slate.com/click.phdo?i=87e0908a9b2c221b63625fa60d2ffaac

weather denver weather denver ambition dorothy rodham rick hendrick plane crash marco rubio marco rubio

The iVillage Woman of the Year... Revealed!

They've inspired us in 2011 but only one can be the Woman of the Year! Find out who gets top honors.

Source: http://www.ivillage.com/ivillage-woman-year/1-h-414372?dst=iv%3AiVillage%3Aivillage-woman-year-414372

telenav wade phillips wade phillips new orleans hornets time person of the year sag nominations sag nominations

Thursday, December 29, 2011

Video: Managing Risk in 2012

A look at how companies and municipals will be managing risk in 2012, with Constance Hunter, AXA Investment Managers deputy chief investment officer.

Related Links:

Business & financial news headlines from msnbc.com

Source: http://video.msnbc.msn.com/cnbc/45795816/

bcs standings bcs standings douglas fir jim boeheim jim boeheim bill of rights toys r us

N Korea may be moving towards less military rule

Log In

Your username

Your password

Remember my ID on this computer*
?
? Help | Forgot password?
Note: Your browser has to accept cookies in order to login.
? ?

Access

Read from 4am Singapore time (2000 GMT) when you subscribe to the print or online editions of The Business Times. Sign up now. Access is free after 6pm (1000 GMT)

Can't access?

Email or call customer service at +65 6388 3838
?

Need Help?

Call +65 6388 3838
Operating hours in Singapore time (+8 hours GMT)
Mon-Fri: 8.45am - 5.15pm & Sat: 8.45am - 12.15pm
After office hours, leave a voicemail.
Fax +65 6744 4875 | Email btocs@sph.com.sg | FAQ
?



*Have you created IDs and passwords to enter other SPH online sites such as AsiaOne Careers? If so, then checking this box will mean that your BTO ID and password will override those earlier IDs and passwords. You are therefore not advised to use this feature. BTO users who log in from Internet cafes are also advised against using this feature.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/views/story/0,4574,471425,00.html?

hes just not that into you monta ellis kawasaki disease dog the bounty hunter jenny mccarthy mega millions haywire

Wednesday, December 28, 2011

Automotive Labels | Startlogic Review

Several automotive companies can profit from labels or decals. Also some business enterprise can market place their business enterprise with automotive decals. There are such a lot of selections you can select from. They may maximize your market place or provide you with return clients. In case you require a very few thoughts, sustain perusing and youll see only a few with the quite a few important things which can be finished with automotive decals. After you have browse these thoughts you will be sure to know what you like to symbolize your agency or business.

Vinyl Decals

Vinyl decals really are a semi-permanent item that can be rather eye-catching and give a very experienced glance. They?re commonly employed by automobile dealers to symbolize wherever the automobile was ordered. Several companies can use this type of is.gd/INAPwoUB advertising. If you want to catch peoples eye it is a smart way to perform that. You can even have got a brand made to the vinyl, that will guide people try to remember you. Several people try to remember a brand much better then a title, merely a very little suggestion.

Bumper Stickers

They?re a popular and beneficial. Some of these are for individual beliefs or amusing statements. They really are also employed by quite a few non-profit organizations use them to obtain their title out for a lot of to find out and try to remember them. Companies also use these to make repeat exposure. These will be enjoyment and promotional all in one. You can contemplate getting these printed in the range of colors so that clients can chose a color that goes very best along with the color of their automobile, in addition they will just delight in acquiring choices.

Oil Modify

Vehicle stores can use window stickers to remind their clients of when they really need to return for their following oil shift. Its a terrific concept to position your small business title and get hold of information in order that they can name if they really need to. It will remind them of your business enterprise if something else will come up wherever they are able to use your services.

Parking Allow

Numerous people use parking garages every day now. By using a type of sticker identification, it is easy to diminish the quantity of site visitors backup a garage will get. These will be positioned on the back again with the rear watch mirror or on the windshield. You will get them in the varied color for every month and so the attendant will readily know once the tag has expired and therefore the customer must renew. An extra very good concept could be to position a selection representing the year so there?s no confusion regarding when it absolutely was ordered. These will also be made use of for large apartment complexes that have quite a lot of tenants. They could show paid parking spots, or what space they really are to park in.

Window Decals

These have got a large selection of use. You can showcase a business enterprise, a higher education, a sports workforce, or practically something you like. These will be very simple or more advanced; what actually fits your function much better. They?re also used to show that a car provides a safety model, the guide forestall automobile theft.

Source: http://www.startlogic-review.org/automotive-labels/

dina manzo once upon a time once upon a time sharia law sharia law demarco murray ed reed

Gunman in Santa suit killed six, self in Texas

A man suspected of opening fire on a family Christmas celebration outside Dallas was dressed in a Santa Claus suit when he killed six people and then himself, police said on Monday.

Authorities continued their search for clues in Grapevine, a Dallas suburb dubbed the "Christmas Capital of Texas," to explain the Sunday murder-suicide rampage that left the seven shot dead among unwrapped holiday presents.

The dead -- four women and three men between the ages of 15 and 58 -- were found on Sunday morning in an apartment living-room by police answering a voiceless 911 emergency call, authorities said. "By all appearances, they're all part of the same family," said Sergeant Robert Eberling of the Grapevine police department, adding that some were related through marriage.

Two pistols were recovered from the home, said Eberling, who called it a "gruesome crime scene" and the worst outburst of gun violence in the town's history. Authorities were waiting on autopsy reports before releasing identities, a potential motive and details on what exactly happened inside the home, Eberling said.

"We have a petty good idea who these folks were, and we're trying to work through contacting other family members so we can better piece together what took place and why it took place," he said.

Eberling said the suspected shooter was dressed in a Santa Claus suit but gave no further details. The 911 caller never spoke to police, and officers did not see the telephone when they arrived, officials said. Eberling said he believed police had to kick in the door to enter. No neighbours reported hearing gunshots, he said.

Eberling said the victims appeared to have just opened Christmas presents when the shooting started, and there was no sign of forced entry or a struggle. Circumstances of the shooting remained sketchy, but Eberling said it appeared as though the bloodbath unfolded during a family holiday celebration. No one was found alive by police arriving at the home, he said. A community of about 46,000 people some 20 miles (32km) northwest of downtown Dallas, Grapevine is known for its wine-tasting salons and was proclaimed by the state Senate as the "Christmas Capital of Texas" for its abundance of annual holiday-season events.

"This is obviously a terrible tragedy," Mayor William Tate said on Sunday night in a statement. "The fact that it happened on Christmas makes it even more tragic."

Source: http://www.dnaindia.com/world/report_gunman-in-santa-suit-killed-six-self-in-texas_1630391

current time earthquake today earthquake today droid razr oklahoma news atomic clock earthquake map

Tuesday, December 27, 2011

loubot: RT @cohencide: Thanks @loubot and @yuener for fulfilling my Christmas dose of Chinese

  • Passer la navigation
  • Twitter sur votre mobile ? Cliquez ici m.twitter.com!
  • Passer cette ?tape
  • Connexion
Loader Twitter.com
  • Connexion
Thanks @loubot and @yuener for fulfilling my Christmas dose of Chinese cohencide

Gary Cohen

Pied de page

Source: http://twitter.com/loubot/statuses/150996516847370242

weather colorado springs weather colorado springs chaz bono tonight show tonight show unthink julianne hough

[Fudzilla] Sony Ericsson Xperia Neo tested

Sorry, Readability was unable to parse this page for content.

Source: http://be.hardware.info/extern/21673885/sony-ericsson-xperia-neo-tested

al franken al franken mary did you know seattle seahawks grammy nominations philadelphia eagles vince young

Monday, December 26, 2011

Legal Theory Blog: Postema on Early Foundations of Legal Positivism

Gerald J. Postema (University of North Carolina - Philosophy and Law) has posted Legal Positivism: Early Foundations on SSRN. Here is the abstract:

    Legal positivism is a vital and controversial approach to central questions of philosophical jurisprudence. Not only are its core theses contested, but claims about what its core theses are and what it stands for have been hotly disputed in recent years. This essay offers some perspective on these debates by looking to the history of legal theory from which contemporary positivist jurisprudence has emerged. It does not take any contemporary formulation of the doctrine as canonical, since most such formulations are contested. Rather than seeking out full-fledged, card-carrying positivist theories in the history of jurisprudence to interrogate, this essay explores the articulation and development of a set of themes which arguably have attracted at least some major positivist legal theorists. The stage is set for understanding Hart?s neo-positivist theory of law, and that of more recent philosophers working in its shadow, by locating their work in the context of positivist themes and arguments that have developed over the long history of philosophical reflection about the nature of law. This essay was prepared for the forthcoming Routledge Companion to Philosophy of Law, edited by Andrei Marmor.

Highly recommended.

Source: http://lsolum.typepad.com/legaltheory/2011/12/postema-on-early-foundations-of-legal-positivism.html

tuscaloosa tuscaloosa earthquake california earthquake california crimson tide crimson tide wake forest

leiaj: wow you can use rage comic faces in facebook chat now

  • Passer la navigation
  • Twitter sur votre mobile ? Cliquez ici m.twitter.com!
  • Passer cette ?tape
  • Connexion
Loader Twitter.com
  • Connexion
wow you can use rage comic faces in facebook chat now leiaj

LeiaJospe cyberbu//y

Pied de page

Source: http://twitter.com/leiaj/statuses/150798675432583168

pittsburgh steelers 49ers news johnny knox johnny knox monday night football monday night football bonjovi

Sunday, December 25, 2011

The Union Home Minister, Shri P. Chidambaram presiding over the 24th IB Centenary Endowment Lecture by the Renowned Economist, Prof. Jagdish N. Bhagwati, in New Delhi on December 22, 2011.

Sorry, Readability was unable to parse this page for content.

Source: http://pib.nic.in/release/phsmall.asp?phid=38322

beef o bradys bowl the hobbit sopa the hobbit an unexpected journey dark knight rises trailer dark knight rises trailer latkes

Contortionist Yogi Laser Gets A Big Discount On A Small Coffin By Fitting Into Tiny Box (VIDEO)

Some people will go to great lengths for a discount, but probably not as far as contortionist Yogi Laser.

In the "Holiday Bizarre" episode of "Oddities" debuting Dec. 24 on the Science Channel, Laser, a professional entertainer for 20 years, hopes to get a deal on a prized item from Mike Zohn, the co-owner of Obscura Antiques & Oddities, a New York-based antique store specializing in bizarre gifts and collectibles.

The item: A tiny coffin about four feet high.

The deal: A $150 discount on the asking price if Laser can prove he can fit inside it.

It's not a stretch to say it's not something you see every day.

'; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });

Source: http://www.huffingtonpost.com/2011/12/24/contortionist-yogi-laser-_n_1168589.html

alaska weather alaska weather election results gop debate live gop debate live nome alaska nome alaska

Analysis: GOP's struggle on taxes gives Dems hope (AP)

WASHINGTON ? For all his problems with the economy, President Barack Obama is getting unexpected help from a Republican Party that seems incapable of capitalizing on its advantages.

Congressional Republicans' fumbling of the payroll tax extension issue is the latest example of party in-fighting and disarray that gives Democrats hope for the 2012 elections. GOP presidential contenders tried to distance themselves from the legislative mess. But they might be tarred nonetheless if swing voters decide the party is either inept at governing or too extreme.

The eventual GOP presidential nominee "will be somewhat shackled to the Republican brand," said Democratic strategist Erik Smith, even if it was Republicans in Congress who led the charge in an unpopular fight over the payroll tax. He said GOP House and Senate candidates will face even more problems.

The Wall Street Journal editorial page ? an important voice among conservatives ? berated Republican lawmakers for their handling of the payroll tax matter. Obama wanted to add another year to this year's reduction in the tax, which nearly all workers pay toward Social Security. Senate Republicans, after forcing Democrats to swallow several unrelated concessions, joined in an overwhelmingly bipartisan vote to approve only a two-month tax cut extension, with plans to revisit the issue next year.

House Republicans, who generally disliked the payroll tax cut from the start, refused to concur early this week. But House Speaker John Boehner on Thursday bowed to relentless criticism from conservative bloggers and several GOP senators and cleared a path for passing a bill Friday to renew the break for two months while congressional negotiators work on a longer-term measure.

If Congress doesn't act in the next 10 days, the payroll tax rate will return to 6.2 percent on Jan. 1, after one year at 4.2 percent. That would cost a family making $50,000 about $1,000.

Republican congressional leaders' actions "might end up re-electing the president before the 2012 campaign even begins in earnest," the Journal's editorial page said Wednesday.

Democrats point to episodes like the payroll tax fuss and say congressional Republicans are essentially controlled by tea party activists, whose tax and spending agendas are outside the political mainstream.

"Tea Party Republicans blocked a bipartisan bill to extend President Obama's payroll tax cut," the Democratic Congressional Campaign Committee said in a fundraising email Tuesday, minutes after a key House vote. House Democratic leader Nancy Pelosi told reporters, "The tea party tail is wagging the elephant."

Democratic strategists hope to remind voters of last summer's near-calamity over raising the limit on the federal debt ceiling. Then, as now, Boehner struggled to control his GOP caucus and to calculate which bills can and cannot pass. These Democrats want to paint the Republican Party as an out-of-touch institution that would rather stand for rigidly conservative principles than solve the nation's problems.

"I think the tea party-engendered dysfunction has the potential to really get the electorate's attention," said Jared Bernstein, a former Obama administration economist now with the Center on Budget and Policy Priorities. "At this point, the system is crippled by them."

All of this, of course, may be wishful thinking by Democrats. Republicans crushed them in the 2010 elections, giving the GOP control of the House and many governorships. Unemployment and other economic indicators bode badly for Obama's re-election hopes, and the payroll tax dust-up may seem a musty memory by next November.

One other worry looms. Americans' taxes still might rise by billions of dollars in 2012 if a deal can't be struck on a longer, one-year extension. Economists say that would depress spending and slow job growth, at least somewhat. Even if more voters blame Republicans than Democrats, Obama could end up as a net loser politically, given that the economic climate already is deeply troublesome for him.

GOP leaders say income tax cuts do more to stimulate economic growth than payroll tax reductions but worry about independents thinking it was Republicans who sought to raise their payroll taxes. At the same time, they know that hard-core conservative voters who have a bigger voice in GOP primaries might blame them for a tax cut they dislike.

Republicans may yet claim one political victory out of the payroll tax imbroglio, assuming the two-month extension goes through. In House-Senate negotiations they forced Obama to agree to an expedited decision on a proposed transcontinental oil pipeline opposed by environmental groups as part of the two-month extension.

The GOP still has a perception problem, though. Americans hold Congress in extremely low regard, but they put more blame on Republicans than Democrats.

A recent poll by the Pew Research Center found that a record-high 50 percent of Americans say the current Congress is less effective than most. By nearly 2-to-1, "more blame Republican leaders than Democratic leaders for this," Pew found. "By wide margins, the GOP is seen as the party that is more extreme in its positions, less willing to work with the other side to get things done, and less honest and ethical in the way it governs. And for the first time in over two years, the Democratic Party has gained the edge as the party better able to manage the federal government."

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111223/ap_on_go_pr_wh/us_gop_troubles_analysis

cincinnati bengals jaws norad santa epic beard man new york jets nfl standings broncos

Saturday, December 24, 2011

Exclusive: Petronas in talks with oil majors for petchem tie-up (Reuters)

KUALA LUMPUR (Reuters) ? Petronas is in talks with several global oil majors including Shell (RDSa.L) and Exxon Mobil (XOM.N) to develop petrochemical plants within its $20 billion refinery complex in southern Malaysia, two sources with direct knowledge of the matter said.

Malaysia's national oil company is also talking to Japanese firms Itochu Corp (8001.T) and Mitsubishi Corp (8058.T) as well as to Dow Chemical Co (DOW.N) -- the largest U.S. chemical maker -- as it seeks to tap surging Asian demand and diversify its earnings, the sources told Reuters.

Petronas (PETR.UL) is expected to make a decision on the partnerships by mid-2012, which signals it is quickly moving beyond the feasibility stage of the project.

"Petronas is getting a lot of interest for the joint venture undertakings," said one source who declined to be identified as the talks are ongoing.

"They have moved to the basic engineering and design stage and after this the tendering process for building the complex will start," the source added.

Petronas, Shell and Mitsubishi officials in Malaysia declined to comment. Itochu, Dow Chemical and Exxon Mobil were not immediately available to comment.

Petronas first unveiled the Refinery and Petrochemicals Integrated Development (RAPID) project in May and has said the complex will be commissioned by end-2016, which both sources said was on track.

The $20 billion complex is to be built in southern Johor state which borders Singapore -- the largest oil trading hub in Asia.

The project is key to Petronas' plan to join the likes of India's Reliance Industries (RELI.NS) in grabbing a larger share in the $395 billion global market for specialty chemicals -- high value raw materials used in products from diapers to higher performance tires and LCD televisions.

"In terms of markets for petrochemicals coming from RAPID, Petronas is aiming for Myanmar, Bangladesh and parts of the subcontinent," said a second source.

"The potential is there as these are huge markets or in the case of Myanmar, just opening up."

RAPID REACH

The RAPID project will include a 300,000 barrel-per-day refinery that produces naphtha, gasoline, jet fuel, diesel and fuel oil. The first source said the crude feedstock would come mostly from Petronas' equity projects in Sudan, Chad and eventually Venezuela instead of Malaysia's own higher quality and expensive crude, domestic production of which is slowing.

The crude feedstock from Petronas equity projects will also be channeled into the petrochemicals and polymer complex, including a 3 million ton-per-year (tpy) naphtha cracker and petrochemical derivatives facility focusing on synthetic rubber.

"Over 1 million tons will be for ethylene and propylene and the rest for high grade specialty chemicals," said the first source.

"Synthetic rubber is a big thing. Nearly 90 percent of a tire is made of synthetic rubber because natural rubber production is declining in Asia, so there is an opportunity for Petronas," the source added.

STRUGGLE OR SURVIVE

The RAPID project gives Petronas' downstream operations a better chance of staying afloat in times of economic downturns and poor margins as it allows Malaysia's only Fortune 500 company to tap into its global feedstock sources, analysts say.

"From a Petronas perspective, there is vertical integration opportunity," said Andrew Wong, lead analyst covering Petronas at Standard & Poor's in Singapore.

"I think the expectation for a recovery in the petrochemical sector in 2011 did not quite happen due to the external factors and there is concern whether the project will come on-stream at a good point in time of the global economic cycle," he added.

Industry players have said Malaysia and Petronas' ramp-up of oil infrastructure in the southernmost tip of the country will create a "Greater Singapore" trading hub that allows the region to keep up with competitors like China.

Petronas is counting on interest from Japanese firms which are looking to relocate their plants or re-invest outside their home base after the March tsunami and earthquake triggered uncertainty over future energy supply, the second source said.

"The interest has particularly been strong from the usual Japanese players in the petrochemical market. This project has started at the right time," the source added.

(Editing by Himani Sarkar)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111223/bs_nm/us_petronas

tim hightower waldorf school waldorf school world series game 4 world series game 4 turkey the walking dead

Justice to require sale before NYSE merger (AP)

WASHINGTON ? The Justice Department announced Thursday that it will allow the creation of the world's largest stock exchange operator after the German conglomerate that wants to buy the New York Stock Exchange sells its stake in a third, smaller American stock exchange operator.

Justice Department lawyers filed papers in U.S. District Court in Washington that would allow the merger of NYSE Euronext and Deutsche Boerse AG after the German company orders one of its subsidiaries to sell its 31.5 percent stake in Direct Edge Holdings LLC, which is the United States' fourth largest stock exchange operator. In addition to the sale of Direct Edge, the proposed settlement between Justice and the two companies prohibits them from participating in the business or running of Direct Edge.

The German company, which operates the Frankfurt stock exchange, offered to buy NYSE Euronext for $10 billion in February. The transaction would create the world's largest exchange operator. NYSE Euronext owns exchanges in Paris, Lisbon, Brussels and Amsterdam, in addition to New York.

"Without the divestiture and other restrictions obtained by the Justice Department, a combined NYSE and Deutsche Borse entity could influence the actions of Direct Edge, and thereby lessen the zeal of an aggressive and innovative exchange competitor," said Sharis A. Pozen, acting assistant attorney general in charge of the Justice Department's Antitrust Division. "The remedy ensures that participants in the markets for U.S. equities exchange products and services will continue to receive the full benefits of robust competition in the form of competitive prices and increased innovation."

Under the terms of the settlement, Deutsche Borse's subsidiary, ISE, will divest itself of its interest in Direct Edge within two years.

The Deutsche Boerse-NYSE Eurostar merger would not only control important stock markets on both sides of the Atlantic, but also have a potentially dominant position in the trading of derivatives. Derivatives are complex financial products that allow investors to bet on movements in areas such as interest rates, stock indexes or commodity prices.

The combination of the two exchanges has been harshly criticized by competitors like the London Stock Exchange and U.S.-based Nasdaq.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111222/ap_on_go_ca_st_pe/us_justice_department_nyse_euronext

trace adkins jim jones the darkest hour the darkest hour neverland shaun white phoebe prince

Friday, December 23, 2011

Gingrich Wants Ads Pulled (WSJ)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/177278388?client_source=feed&format=rss

dos santos waterboarding boxing news boxing andy dalton corporal kelsey de santis corporal kelsey de santis

Cyprus' FM briefs US officials on gas development (AP)

WASHINGTON ? The foreign minister of Cyprus is discussing with U.S. officials her country's promising economic prospects from natural gas exploration.

Erato Kozakou-Marcoullis met with Secretary of State Hillary Rodham Clinton on Tuesday. The U.S. supports the exploratory drilling being conducted by the U.S. company Noble Energy Inc. despite objections from U.S. ally Turkey.

Turkey does not recognize Cyprus as a sovereign state and opposes any Greek Cypriot energy search on grounds that it undermines the rights of Turkish Cypriots to any oil and gas wealth.

Estimates are due this month of how much gas is in the field being explored off the island's coast. Kozakou-Marcoullis said she believes the prospects for gas development already have increased dramatically her country's strategic importance.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111221/ap_on_bi_ge/us_us_cyprus

emergency alert system chelsea handler alexander the great act alabama football 21 jump street 19 kids and counting

Utah Woman Andrea Chavez Accused Of Assaulting Ice Cream Truck Driver's Face Because Prices Were Too High

TAYLORSVILLE, Utah -- A Utah woman faces misdemeanor charges after police say she sprayed an ice cream truck driver in the face with cleaning solution because she was upset about the driver's prices.

Authorities in the Salt Lake City suburb of Taylorsville say 65-year-old Andrea Chavez told them she sprayed the woman because "she charges too much for ice cream."

The incident happened Aug. 7 at an apartment complex. Charges were filed Monday, though the reason for the delay was unknown. A message left for Salt Lake County prosecutors was not immediately returned Tuesday.

Police say the driver was briefly hospitalized after being hit in the eyes with Mean Green cleaner, a product described on its website as a blend of nontoxic, biodegradable detergents.

Court papers say Chavez fought off Taylorsville police officer Mike Ikemiyashiro when he tried to take her into custody, threatening to "sock him in the face" and kick him in the groin.

Salt Lake County sheriff's office records show Chavez was booked into jail after the incident and held for three days. She was released when no charges were filed. By law, authorities can hold someone in jail for only 72 hours without filing charges.

On Monday prosecutors charged Chavez with four misdemeanors: assault against a police officer, assault, interfering with an officer and committing a violent offense in front of a child. If convicted, she faces a combined punishment of two and half years in the county jail.

An arraignment is set for Jan. 4 in Salt Lake City's 3rd District Court.

It wasn't immediately clear Tuesday if Chavez had an attorney. A telephone message left at a listing under her name wasn't returned.

'; var coords = [-5, -72]; // display fb-bubble FloatingPrompt.embed(this, html, undefined, 'top', {fp_intersects:1, timeout_remove:2000,ignore_arrow: true, width:236, add_xy:coords, class_name: 'clear-overlay'}); });

Source: http://www.huffingtonpost.com/2011/12/20/ice-cream-truck-driver-assaulted_n_1161987.html

gold rush alaska the addams family blue bloods temple grandin texas rangers marie osmond st louis cardinals

Tuesday Evening Open Thread (Balloon Juice)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS and RSS Feed via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/177247089?client_source=feed&format=rss

justin bieber baby justin bieber baby credit unions tower heist reviews recursion amy schumer amy schumer

Monday, December 19, 2011

Early rally fades; stock market down for the week (AP)

An early rally faded on the stock market Friday, leaving indexes down about 3 percent for the week as worries resurfaced about a breakup of the euro.

BlackBerry maker Research in Motion plunged after slashing its forecast for holiday sales. The IPO of online game maker Zynga Inc. didn't live up to its lofty expectations. The stock lost 5 percent on its first day of trading

The Dow Jones industrial average closed down 2 points. It was up as many as 99 points in the morning after the Italian government won a confidence vote on austerity measures. That gain evaporated around midday after Fitch warned that it might downgrade the debt of Italy, Spain and four other countries that use the euro. After markets closed, Moody's downgraded Belgium's debt two notches and said more cuts were possible.

Materials and industrial companies rose, signaling that traders expect the U.S. economic recovery to remain on track. Utilities, health care and consumer staples companies lagged the market as traders sold stocks that are considered to be safer when the economy is weak.

The Dow Jones industrial average broke a three-day slump Thursday on news that claims for unemployment benefits plunged last week and measures of manufacturing in the Northeast improved dramatically. The Dow lost 360 points over the first three days of the week as investors questioned whether Europe's agreement to closer coordinate fiscal policy would be enough to save the euro from a catastrophic breakup.

Phil Orlando, chief equity market strategist at Federated Investors, said investors are holding back until they get a "firmer resolution" to Europe's debt morass and more progress in Washington on reforming entitlements, balancing the budget and getting the country growing again. "Right, now we don't have anything to offer them," he said.

Some analysts believe nervousness about Europe this fall and winter pushed stock prices too far. Investment adviser Uri Landesman, president of Platinum Partners, expects stocks to rise into next year because of the growing likelihood that economic news and European headlines will remain positive.

"The odds are, the news is going to be better than the market is discounting," Landesman said. He said the market is near the low end of its recent trading range, and a dose of positive news could set off a mini-rally. Any market moves next week could be sharp as trading volume thins out before the Christmas holiday, Landesman said.

The Dow Jones industrial average closed down 2.42 points at 11,866.93.

The Standard & Poor's 500 index rose 3.91, or 0.3 percent, to 1,219.66. The Nasdaq composite index rose 14.32, or 0.6 percent, to 2,555.33 The Dow is down 2.6 percent for the week; the S&P 2.8 percent. The Nasdaq lost 3.5 percent.

The yield on the 10-year Treasury note plunged to 1.85 percent from 1.93 percent earlier Friday after the government said consumer prices were unchanged last month, suggesting that inflation remains low. Low inflation makes bonds more attractive because it doesn't diminish the buying power of the fixed return a bond provides over time.

Seven of the 10 industry groups in the S&P 500 index rose, with the only declines showing up in health care, consumer staples, and utilities. The biggest gains were in energy, materials and industrial companies. U.S. factories in some regions have had higher shipments and orders month, according to two surveys released Thursday. Materials companies are benefiting from soaring commodity prices.

Research In Motion Ltd. plummeted 11 percent after the company said late Thursday that new phones seen as critical to its future will be delayed until late next year. RIM also is taking a big loss on unsold tablet computers and predicted that its BlackBerry sales will fall sharply during the holiday sales season.

Zynga, which makes "Farmville" and other popular games, fell 5 percent to $9.50 in its first day of trading on the Nasdaq. The initial public offering was priced late Thursday at $10 per share, raising $1 billion. That means the San Francisco company can boast the biggest Internet IPO since Google Inc. first offered shares in 2004.

Among the other companies making big moves:

? New York-area cable TV provider Cablevision Systems Corp. plunged 9 percent following the sudden departure of its chief operating officer, Tom Rutledge.

? Adobe Systems Inc. jumped 6.6 percent after the software maker reported earnings and revenues that were far better than what analysts had expected. Analyst Walter Pritchard at Citigroup said the quarter was a "blow-out when most expected weakness."

___

AP Business Writer Joshua Freed contributed to this story.

Follow Daniel Wagner at http://www.twitter.com/wagnerreports.

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/ap/20111216/ap_on_bi_st_ma_re/us_wall_street

disturbia ufc results nick diaz michael myers power outage snow storm snow storm

Sunday, December 18, 2011

Manning's status as gay soldier is key to defense

Lt. Dan Choi, gay veteran and activist, center left, and retired US Army Colonel and diplomat Ann Wright, right, march with others in support of Army Pfc. Bradley Manning, present on base at a military court hearing, at Ft. Meade, Md., Saturday, Dec. 17, 2011. Prosecutors began presenting their case that Manning was the source of the WikiLeaks website's collection of U.S. military and diplomatic secrets. (AP Photo/Jose Luis Magana)

Lt. Dan Choi, gay veteran and activist, center left, and retired US Army Colonel and diplomat Ann Wright, right, march with others in support of Army Pfc. Bradley Manning, present on base at a military court hearing, at Ft. Meade, Md., Saturday, Dec. 17, 2011. Prosecutors began presenting their case that Manning was the source of the WikiLeaks website's collection of U.S. military and diplomatic secrets. (AP Photo/Jose Luis Magana)

Army Pfc. Bradley Manning, is escorted out of a courthouse in handcuffs, Saturday, Dec. 17, 2011 in Fort Meade, Md. Manning, an Army intelligence specialist accused of passing government secrets spent his 24th birthday in court Saturday as his lawyers argued his status as a gay soldier before the repeal of "don't ask, don't tell" played an important role in his actions. (AP Photo/Cliff Owen)

Army Pfc. Bradley Manning, left, is escorted to a security vehicle Saturday, Dec. 17, 2011 in Fort Meade, Md. Manning, an Army intelligence specialist accused of passing government secrets spent his 24th birthday in court Saturday as his lawyers argued his status as a gay soldier before the repeal of "don't ask, don't tell" played an important role in his actions. (AP Photo/Cliff Owen)

In this courtroom sketch, an Army attorney Capt. Joe Morrow, left, questions Treasury Department Special Agent Troy Bettencourt, right, about Wikileaks as Investigating Officer Lt. Col. Paul Almanza, center, listens, Saturday, Dec. 17, 2011 in Fort Meade, Md. Manning, an Army intelligence specialist accused of passing government secrets spent his 24th birthday in court Saturday as his lawyers argued his status as a gay soldier before the repeal of "don't ask, don't tell" played an important role in his actions. (AP Photo/William Hennessy) TV OUT, NO ARCHIVE, NO SALES, LOCALS OUT

Army Pfc. Bradley Manning, second from left, is escorted out of a courthouse in handcuffs, Saturday, Dec. 17, 2011 in Fort Meade, Md. Manning, an Army intelligence specialist accused of passing government secrets spent his 24th birthday in court Saturday as his lawyers argued his status as a gay soldier before the repeal of "don't ask, don't tell" played an important role in his actions. (AP Photo/Cliff Owen)

(AP) ? Lawyers for the Army private charged in the biggest leak of classified information in U.S. history say he was influenced by his struggles with being a gay soldier as protesters rallied this weekend in his support on both coasts.

The military hearing continued Sunday to determine whether Pfc. Bradley Manning will stand trial at a court-martial for allegedly slipping a trove of government secrets to the anti-secrecy website WikiLeaks while working as an intelligence analyst in Iraq in 2009 and 2010. The release included Iraq and Afghanistan war logs, State Department cables and a military video of a 2007 American helicopter attack in Iraq that killed 11 men.

The Obama administration says the released information has threatened valuable military and diplomatic sources and strained America's relations with other governments. Manning's lawyers counter that much of the information that was classified by the Pentagon posed no risk.

The hearing began Friday at Fort Meade outside Washington and could run several more days. The Army says it may take several more weeks for the commander of the Military District off Washington to decide whether Manning will be court-martialed.

Maj. Gen. Michael Linnington may choose other courses, including administrative punishment or dismissal of the 22 counts against him, including aiding the enemy. He also could add more charges based on evidence produced at the hearing.

Manning, who turned 24 Saturday, could face life in prison if convicted.

More than 100 people gathered outside Fort Meade for a march in support of Manning Saturday, some holding signs declaring "Americans have the right to know. Free Bradley Manning" and "Blowing the whistle on war crimes is not a crime." In San Francisco, hundreds marched through downtown Saturday, chanting "Free Bradley Manning" and holding up signs demanding his release.

"Bradley Manning is my hero," said Scott Olsen, the Marine Corps veteran who was badly injured during a clash between police and Occupy Oakland protests in October and briefly addressed the crowd.

Gwen Winter, 69, of Oakland, carried a sign that said, "Bradley Manning working class hero."

"It's not only his right, it's his duty to expose war crimes," she said of Manning. "That's his duty to reveal the truth."

Among the first issues to arise during weekend testimony was whether Manning's sexual orientation is relevant to the case against him. His attorneys maintained that his status as a homosexual in the military before the repeal of "don't ask, don't tell" contributed to mental and emotional problems that should have barred him from having access to sensitive material.

The defense revealed that Manning had written to one of his supervisors in Baghdad before his arrest, saying he was suffering from gender-identity disorder. He included a picture of himself dressed as a woman and talked about how it was affecting his ability to do his job and even think clearly.

Maj. Matthew Kemkes, one of Manning's lawyers, asked Special Agent Toni Graham, an Army criminal investigator, whether she had talked to people who believed Manning was gay or found evidence among his belongings relating to gender-identity disorder. The condition often is described as a mental diagnosis in which people believe they were born the wrong sex.

Graham said such questions were irrelevant to the investigation.

"We already knew before we arrived that Pfc. Manning was a homosexual," Graham said.

Prosecutors objected several times to the questions. Kemkes responded that if the government can argue that Manning intended to leak secrets, "what is going on in my client's mind is very important."

During cross-examination of Treasury Department Special Agent Troy Bettencourt, who investigated the case, defense attorney Capt. Paul Bouchard asked if he believed Manning's military leaders failed him, given his behavior such as overturning a table and throwing a chair in episodes of rage.

Bettencourt said that in hindsight, "I would like to think that had I been in the chain of command, I would have maybe done things differently. I would have been aware of everything we now know to prevent him from deploying ? but that is with the benefit of hindsight."

Prosecutor Capt. Joe Morrow quickly asked Bettencourt if he believes people who have signed nondisclosure agreements, like Manning, "have an individual responsibility to safeguard classified information." Bettencourt replied, "Yes."

Special Agent Mark Mander, an Army computer crimes investigator, testified Saturday that he found an SD memory card containing classified information in a box of items belonging to Manning that was stored at his aunt Debra Van Alstyne's house in Potomac, Md. Mander didn't say what classified information was on the card.

One of Manning's commanders in Baghdad, Capt. Steven Lim, said Manning should have had his security clearance suspended because of his problems. Lim said the outbursts occurred before he arrived, and that when he learned of them after Manning's arrest, he was shocked. Lim said he was also unaware that Manning believed he was suffering from gender-identity disorder.

Manning's appearances over the last two days in the Fort Meade courtroom marked the first time he has been seen in public after 19 months in detention. The Oklahoma native comes to court in Army camouflage fatigues and wearing dark-rimmed glasses. Manning sat calmly in the courtroom Saturday without appearing to react to the testimony, even when centered on his troubled mental state and homosexuality. Manning listened intently and regularly took notes.

The case has spawned an international support network of people who believe the U.S. government has gone too far in seeking to punish Manning.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2011-12-18-Manning-WikiLeaks/id-29cc0c590c0b4eb0bc6398660f170f95

neville neville heavy d heavy d taser gun patriots vs jets adventureland

Senate delays decisions on Obama financial nominees (reuters)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/175990849?client_source=feed&format=rss

amas 2011 black friday elliot elliot la galaxy la galaxy david blaine

Saturday, December 17, 2011

Europe crisis "serious risk" to outlook: Treasury (Reuters)

WASHINGTON (Reuters) ? Europe's debt crisis has deepened and become more entrenched, posing a serious risk to the economic outlook, a senior Treasury official told lawmakers on Friday.

Mark Sobel, Treasury deputy assistant secretary for international affairs, said in prepared testimony before the House of Representatives Oversight subcommittee that the crisis has sharply weakened Europe's economic prospects for next year.

"Growth in the euro area is projected by most analysts to be negative this quarter and into early 2012, with weak growth persisting in 2012," Sobel said.

He added that Europe's problems were a "serious risk for the U.S. economic outlook and said that President Barack Obama and Treasury Secretary Timothy Geithner were "actively engaged" with European counterparts to help them deal with the crisis.

Sobel also repeated Obama administration's views that stronger European countries must do more to contain the crisis on their own.

"As European countries act to develop critical economic reforms and to strengthen fiscal governance, Europe must also continue mobilizing the requisite resources to put in place a strong and credible firewall commensurate with the scale of the challenge," he said. It must do so quickly, with force and determination."

While the International Monetary Fund can play a role in easing the crisis, "the IMF cannot substitute for a strong and credible European firewall and response," he added.

(Reporting By David Lawder; Editing by Theodore d'Afflisio)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111216/bs_nm/us_eurozone_usa_treasury

eagles magic johnson involuntary manslaughter stevens johnson syndrome verdict in michael jackson trial verdict in michael jackson trial brian urlacher

Gingrich Aide Resigns After Referring to Mormonism as a Cult (ContributorNetwork)

Their time together was brief, to be sure. Craig Bergman, the man that Republican presidential candidate Newt Gingrich had picked to be his political director in Iowa, stepped down on Tuesday after reports surfaced that he had called Mormonism a "cult." According to Yahoo News' The Ticket, Bergman was speaking in front of a focus group conducted by McClatchy Newspapers and the Iowa Republican Party.

The focus group's discussion was centered around the role of religion in voters' decision-making process regarding each of the Republican presidential candidates. Reportedly, the focus group had found that the fact that fellow candidate Mitt Romney is a Mormon is likely to cost him votes in Iowa.

Religion in general has started to move more to the forefront in discussions leading up to the Iowa Caucus in recent weeks, as Romney has appeared to move past his earlier resistance to speaking about his faith. According to The Ticket, Gingrich himself just signed his fourth no-adultery pledge in front of the Iowa-based group The Family Leader on Monday, which entailed his promise to stay faithful to his current wife, Callista, as well as to protect marriage as an institution only between a man and a woman and help keep federal dollars from being used for abortions.

Newt Gingrich

Despite the Des Moines Register's reports of a surge of support among religious conservatives for Bachmann, Gingrich still retains the majority of the vote here. While his messy personal life, including multiple extramarital affairs and divorces, remains a concern to some evangelicals, his plea for forgiveness during his campaign has won over some of the more reluctant voters, who have said in interviews with The Daily Beast and other media outlets that they believe that it's now time to forgive him for his past transgressions.

Mitt Romney

Up until recently, Romney rarely discussed his faith. But concern from Iowa conservatives in focus groups, such as the one Bergman attended this week, that being a Mormon will cost him votes appears to have altered his thinking. At a Republican debate Saturday night, the New York Times reported that Romney openly discussed his time as a missionary and how it affected his view of people's struggles. He appears to be taking a calculated risk in juxtaposing his own history of service and marital fidelity against Gingrich's.

Ron Paul

Paul appears to be making a strong last-minute stand in Iowa, with a survey conducted by the Public Policy Polling group from December 11 to 13 placing him in a close second to Gingrich. The problem is, he's still unlikely to win the nomination, according to the Associated Press. What he may do, however, is help get some Iowa voters to select Romney over Gingrich. Paul in particular draws younger voters, who are less likely to view religion as a hindrance. His support base, should he lose the nomination, could conceivably then swing to Romney.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ac/20111214/pl_ac/10678705_gingrich_aide_resigns_after_referring_to_mormonism_as_a_cult

joe paterno lung cancer joe paterno lung cancer john tucker must die uk basketball iowa state faroe islands faroe islands

Friday, December 16, 2011

'Farmville' maker's stock lukewarm in public debut

The corporate logo for Zynga is shown on an electronic billboard at the Nasdaq MarketSite, Friday, Dec. 16, 2011 in New York. Stock in the San Francisco company began trading at Nasdaq, Friday following its IPO. (AP Photo/Mark Lennihan)

The corporate logo for Zynga is shown on an electronic billboard at the Nasdaq MarketSite, Friday, Dec. 16, 2011 in New York. Stock in the San Francisco company began trading at Nasdaq, Friday following its IPO. (AP Photo/Mark Lennihan)

"Farmville" by Zynga is shown on an electronic billboard at the Nasdaq MarketSite, Friday, Dec. 16, 2011, in New York. Stock in the San Francisco company began trading at Nasdaq, Friday following its IPO. (AP Photo/Mark Lennihan)

The corporate logo for Zynga is shown on an electronic billboard at the Nasdaq MarketSite, Friday, Dec. 16, 2011, in New York. Stock in the San Francisco company began trading at Nasdaq, Friday following its IPO. (AP Photo/Mark Lennihan)

The corporate logo for Zynga is shown on an electronic billboard at the Nasdaq MarketSite, Friday, Dec. 16, 2011, in New York. Stock in the San Francisco company began trading at Nasdaq, Friday following its IPO. (AP Photo/Mark Lennihan)

FILE - In this Oct. 11, 2011 file photo, Zynga CEO Mark Pincus speaks at a Zynga event, in San Francisco. Founded in 2007 and named after CEO Mark Pincus? dog, Zynga Inc. follows online deals site Groupon Inc. and professional network LinkedIn Corp. in going public. (AP Photo/Jeff Chiu, File)

(AP) ? Zynga's stock got a lukewarm reception in its public debut Friday.

The online game developer's stock fell 36 cents, or nearly 4 percent, to $9.64 in midday trading, though earlier it traded slightly higher. It was by no means the eye-popping jump that's been the norm for freshly public Internet darlings such as Groupon Inc. and LinkedIn Corp.

But CEO Mark Pincus said Zynga's focus is on "delivering great products" that expand audience for social games over the next few years ? and not on the next trading day.

"We didn't have any expectations coming into this whole process," he said in an interview. "We decided to go public a long time ago."

Zynga Inc., which specializes in Facebook games, raised $1 billion in its initial public offering of stock. That makes it the largest Internet-related IPO since Google Inc. went public in 2004 and raised $1.4 billion. Pincus rang the Nasdaq's opening bell in San Francisco, a first in the city for a freshly public company.

The company's roughly 1,700 San Francisco employees woke up at the crack of down to celebrate with cinnamon buns and hot cocoa. Zynga also delivered video of the opening ceremony over the Internet to its offices around the world.

Zynga's $10-per-share IPO price was at the top of its expected range, a sign that investors were eager to dig into the latest in a series of high-profile technology IPOs this year. It values the company at about $7 billion.

Online deals site Groupon, which began trading in early November, has a market capitalization twice that of Zynga's, $14 billion. But Zynga is selling a much bigger chunk of its available shares, 14.3 percent compared with Groupon's 5.5 percent. It's an issue of supply and demand ? selling more shares means investors don't have to scramble to get their hands on them.

Zynga rounds out a year of high-profile Internet IPOs. The biggest of them all, though ? Facebook ? is not expected until after April.

Zynga charges small amounts of money ? a few cents, sometimes a couple of dollars ? for virtual items in online games. The games are free to play. Players can acquire items that range from crops in "Farmville" to buildings in "CityVille," its most popular Facebook game.

With its huge player base and a few loyal spenders, Zynga earned a net income of $90.6 million in 2010, an unusual pre-IPO money-maker in the sector.

Cowen & Co. analyst Doug Creutz, however, initiated coverage Friday with a "Neutral" rating on the stock. Although Zynga is the leader in Facebook gaming, he's concerned that it won't be able to grow fast enough to justify its stock price. Growth in Facebook gaming has slowed, and Zynga's market share has declined from 50 percent to 38 percent of daily active users, he wrote.

He's also concerned that Zynga's famously aggressive and hard-charging culture may not be the best field to grow good games in. Others have raised concerns that the focus on deadlines and profits might be squeezing out creativity and talent.

In November, Groupon raised $700 million in its IPO. The granddaddy of all Internet IPOs might happen next year, as Facebook Inc. is expected to raise as much as $10 billion.

Zynga is trading under the ticker "ZNGA" on the Nasdaq Stock Market.

___

AP Technology Writer Peter Svensson contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-16-Zynga-IPO/id-ed356eb9f42f49599fde58010925fe21

world series game 4 world series game 4 indianapolis colts colts colts turkey the walking dead