Monday, 31 December 2012

Venezuela's Chavez suffers new post-surgery complications

CARACAS (Reuters) - Venezuelan President Hugo Chavez is suffering further complications linked to a respiratory infection that hit him after his fourth cancer operation in Cuba, his vice president said in a somber broadcast on Sunday.

Vice President Nicolas Maduro flew to Cuba to visit Chavez in the hospital as supporters' fears grow for the ailing 58-year-old socialist leader, who has not been seen in public nor heard from in three weeks.

Chavez had already suffered unexpected bleeding caused by the six-hour operation on December 11 for an undisclosed form of cancer in his pelvic area, and officials say doctors then had to fight a respiratory infection.

"Just a few minutes ago we were with President Chavez. He greeted us and he himself talked about these complications," Maduro said in the broadcast, adding that the third set of complications arose because of the respiratory infection.

"Thanks to his physical and spiritual strength, Comandante Chavez is confronting this difficult situation."

Maduro, flanked by his wife Attorney-General Cilia Flores, Chavez's daughter Rosa Virginia and her husband, Science Minister Jorge Arreaza, said he would remain in Havana while Chavez's condition evolved.

Chavez's resignation for health reasons, or his death, would upend politics in the OPEC nation where his personalized brand of oil-financed socialism has made him a hero to the poor but a pariah to critics who call him a dictator.

The president's allies have been openly discussing the possibility that he may not be able to return to swear in for his third six-year term on the constitutionally mandated date of January 10.

Opposition leaders say a postponement would be another signal Chavez is not in a fit state to govern and that new elections should be called to choose his replacement.

They believe they have a better shot against Maduro, who was named earlier this month by Chavez as his heir apparent, than against the charismatic president who for 14 years has been nearly invincible at the ballot box.

Any constitutional dispute over succession could lead to a messy transition toward a post-Chavez era in the country with the biggest oil reserves in the world.

Maduro has become the face of the government in Chavez's absence, imitating the president's bombastic style and sharp criticism of the United States and its "imperialist" policies.

(Additional reporting by Deisy Buitrago and Mario Naranjo; Ediitng by Kieran Murray and Todd Eastham)

Source: http://news.yahoo.com/venezuelas-chavez-suffers-post-surgery-complications-025516761.html

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NCRegister | Music With a Higher Purpose

Kevin and Monica Fitzgibbons founded De Montfort Music in 2012.

Their first CD release was Advent at Ephesus, featuring the Benedictines of Mary, Queen of Apostles, a contemplative community located in northwest Missouri.

The album debuted at No. 1 on Billboard magazine?s Traditional Classical Music Chart, besting the likes of Andrea Bocelli, Placido Domingo and the Mormon Tabernacle Choir. It stayed at No. 1 and concurrently went to No. 3 on Billboard?s new-artist chart, took the No. 1 spot on Barnes & Noble?s online ranking for all music and ranked No. 4 overall at Amazon.

In one sense, it was no surprise for the entertainment-industry veterans ? Kevin worked for Columbia Records/Sony Music in Los Angeles; Monica worked for DreamWorks, SKG.

In 2007, the couple walked away from their music-industry jobs and founded Aim Higher Media (De Montfort Music is a division of Aim Higher), aiming to bring Blessed John Paul II?s motto ? "Totus Tuus!" ? to the world through art and good entertainment.

With De Montfort Music (DeMontfortMusic.com), the Fitzgibbonses want to bring the very best in sacred music and chant to the world.

In early December, they talked about their faith and their work.

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How did you two meet?

Kevin: Monica and I met while in New York, when we worked for Sony and Dreamworks. We started dating, found out we were both Catholic, and that was a good thing! While dating, we took another look at our lives, and both of us agreed we weren?t seeking the devout life as much as the "me" life. We slowly started coming back to the Church. The closer we got, the more we realized that if we were going to set our marriage on a solid foundation we couldn?t lead a double life anymore. Soon after our first child was born, we found ourselves walking more away from the secular side of the music business.

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When you did that and founded Aim Higher Media in 2007, what was your goal?

Monica: We wanted to help artists, encourage them and make it be a positive art. It?s very difficult to get projects off the ground and things like licensing, and that?s what we?re trying to do. We had been involved in many projects in the past.

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How did De Montfort Music evolve?

Monica: De Montfort Music came out of that (goal to make positive art). Kevin wanted to have a place for the religious orders to put their music out and not have to go directly to global entertainment companies. This gives them a good opportunity to have more ownership of their image and their music. Kevin came up with the great idea to have De Montfort Music so that these orders know they have a fertile haven for their music, but not let the world take too much of their life over. We?re the go-between between those two worlds.

The first project is the Benedictine Sisters? Advent at Ephesus. We gained a distribution deal through Decca, which is the largest classical-music distributor of that genre of music. It?s a wonderful collaboration. Our goal was to add into the culture some good and positive forms of entertainment not seen in recent times ? much like discovering a Michelangelo painting.

Kevin: One of the main reasons both Monica and I wanted to build De Montfort Music specifically around (religious) orders is that we felt these priories and monasteries are strong and vibrant. We met the Benedictines of Mary and saw how absolutely perfect their singing was ? it?s some of the most beautiful music you?ll hear, a slight view into heaven. It deepened our commitment of what we wanted for De Montfort Music.

?

How did you come to name your company after a saint?

Kevin: Our journey started with a very dear friend of ours, who was kind enough to educate us and to answer a lot of our questions. Out of these conversations, we were introduced to the book Aim Higher: Spiritual and Marian Reflections of St. Maximilian Kolbe by St. Maximilian Kolbe. That?s why we named the company Aim Higher.

His deep devotion to Our Lady led us to St. Louis de Montfort and his book that I got for a gift for Christmas for Monica, True Devotion to Mary. That book and St. Maximilian Kolbe led to consecrating ourselves to Our Lady and the enthronement of our home to the Sacred Heart.

?

How did the enthronement come about?

Monica: It was a book by Cardinal Raymond Burke, The Enthronement of the Sacred Heart of Jesus. We were very young in our family life, and, really, Cardinal Burke thought of everything. It?s a school, a way to walk you through the enthronement of a family. Kevin, being head of the domestic church, said that we should do this enthronement.

I had been a working woman in the world and around celebrities. To go from that to being a wife and mother and really letting someone else take the lead in the household, I didn?t even realize that was important. Kevin was to be the head of our domestic church.

I really do believe that enthronement brought us together in our marriage and our domestic church. Nothing has been as profound as this home enthronement, as carried out by Cardinal Burke?s book.

Kevin: It also encouraged me to go out and introduce myself to our pastor, join the Knights of Columbus, do the consecration to Our Lady and start Eucharistic adoration. A nice relationship developed with our pastor.

Monica: We never had a priest in our home because we didn?t feel we were holy enough. We had so much respect we didn?t want to burden them. But there?s no way to do this home enthronement effectively without a priest.

?

You specifically mention John Paul II?s motto ? "Totus Tuus" ? in relation to your company. How did he influence you?

Kevin: We noticed his love of Our Lady. And we noticed another thing: We had been working with rock stars, actors and famous people in the entertainment industry. In the world of live performance, that immediate feedback is very tempting ? our temptation to pride. When we saw John Paul II, we saw him up there with thousands of people in the audience, who were calling out, "John Paul II, we love you!" We were always wondering: How did he remain so humble? How did he do it (the constant humility)?

We learned more about his devotion to Our Lady. It?s the whole miracle of Our Lady of Fatima: Who among us can say we took a bullet for Our Lady?

Monica: How does someone get that way? That "Totus Tuus" is a big clue. You?ve got to know his devotion to Our Lady. That?s the secret of his success, and that?s what we discovered.

?

I understand you also had a saint connected with the album.

Monica: We tell people St. Th?r?se the Little Flower and St. Francis of Assisi are also on the CD. Their first-class relics were standing between Mother Cecilia, singing and conducting, and the choir of the sisters.

A lot of the proceeds are going to the sisters. They have the great "problem" of a growing order, and along with that comes debt. One of the other reasons we?re doing this (with De Montfort Music) is that we want to help relieve their debt. They?re all very young; it?s a very beautiful endeavor to support. If you buy the CD directly from the sisters? website (BenedictinesofMary.org), they get a little extra. They are praying to the Little Flower to help them with this.

?

St. Th?r?se had several sisters who were nuns as well. How many children do you have?

Kevin: Five. The oldest is 9; then 7, 6, 4 and 1; two boys and three girls.

Monica: We pray they all have religious vocations.

Joseph Pronechen is the

Register?s staff writer.

Source: http://www.ncregister.com/site/article/music-with-a-higher-purpose/

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No One Should Fear Floundering Houston Texans in NFL Playoffs

The Houston Texans aren't scaring anyone as they entering the 2013 NFL playoffs.

After being in control atop the AFC for much of the season, the Texans flopped in three of their last four games. So, instead of finishing 13-3 or 14-2 and locking up home-field advantage, the Texans slipped to 12-4. Dan Wetzel of Yahoo! Sports? writes:

Just about every sudden weakness of the Texans was on display here Sunday. The offense, despite boasting Adrian Foster, suddenly can't score.

Defensively Houston gave up big plays, couldn't get off the field on third down and lost the time-of-possession battle. In need of a late game stop to give Schaub another chance to rally, Houston instead allowed a 9:46 game-ending drive, with the Colts in victory formation rather than running up the score.

At what level should Houston be panicking? (1=Least, 5=Most)

    At what level should Houston be panicking? (1=Least, 5=Most)

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Interestingly enough, it has been the most crucial of games throughout the season in which Houston has continued to fail.

The first happened in a prime time Sunday Night Football matchup when hosting the Green Bay Packers. Aaron Rodgers and Co. were a mere 2-3 when this Week 6 game kicked off. Well, the Packers bulldozed Houston, 42-24, and exploited the Texans pass defense.

Fast forward to Week 11, and we nearly saw Chad Henne and the Jacksonville Jaguars pull off the divisional road upset. Fortunately for Houston, that wasn't a big game and the Jaguars aren't any good.

Immediately after dodging a colossal upset, Houston edged past the Detroit Lions on Thanksgiving Day. This time, much like when facing Green Bay, the Texans got sliced by a strong passing offense against Matthew Stafford, as the Lions amassed 525 total yards and once again exposed Houston's weakness: pass defense.

The surprising result from all this entering Week 13 was Jacksonville dicing up on the level of Green Bay and Detroit. After getting a better victory over the Titans, Houston was in another prime-time matchup in Week 14 on MNF.

On the road against the New England Patriots, this was expected to be a potential AFC championship preview. Instead, Tom Brady and the Pats steamrolled the Texans, 42-14. Once again, Houston failed miserably against the pass, and it came courtesy of an elite quarterback.

In Week 17, the Texans didn't give up a tremendous number of passing yards, but it was big plays across the board that cost Gary Kubiak's squad. The Indianapolis Colts returned a kickoff back for a score and got a huge pitch-and-catch from Andrew Luck and T.Y. Hilton for 70 yards in the fourth quarter.

Not to mention, Luck tossed for two scores and was sacked just once without throwing a pick in Indy's 28-16 victory.

Matt Schaub on the flip side, got sacked four times and threw two interceptions (no touchdowns). The result of this game simply echoed Houston's performances when facing a key game. From Randy Harvey of the Houston Chronicle:

Schaub might have joined Manning and Brady as AFC Pro Bowl quarterbacks this season, but, unlike them, he has yet to prove he can win a big game.

The Texans designated Schaub as the offensive leader when they gave him a four-year contract extension at the beginning of the season and the last month was the time for him to prove he deserved it. He has responded with one touchdown pass in the last 19 quarters.

As opposed to taking that next step and emerging as an elite team, the Texans have dropped. The defense also gave up 27 touchdown passes this season and recorded just 15 interceptions. Factor in an offense that's not high-powered, and teams such as the Patriots and Denver Broncos will outscore them?especially if Houston cannot generate turnovers.

The playoffs will just be an extension of the Texans' regular-season identity, because January is only tougher than November and December.

?

Follow John?Rozum?on?Twitter.

Source: http://bleacherreport.com/articles/1462766-no-one-should-fear-floundering-houston-texans-in-nfl-playoffs

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South Africa Top Google searches 2012

  • Zambia News.Net - Saturday 29th December, 2012

    Former U.S. President George H.W. Bush has been moved out of intensive care and into a regular room at Methodist Hospital in Houston, Texas. The 88-year-old former president entered the hospital ...

  • Colleen Cason Teen changes course for Africa

    Ventura County Star - Saturday 29th December, 2012

    That's exactly what happened to Rodrigo Martinez when he vowed to change his ways. And he is good with it. The Ventura teen spent part of last summer in Jos, Nigeria, teaching youngsters in the ...

  • South Africa Top Google searches 2012

    RNW - Saturday 29th December, 2012

    American singer, producer and model Whitney Houston, who died in February this year, was the most searched in the People category, followed by Olympic medallist Caster Semenya and celebrity actor, ...

  • First Woman of African Descent Elected to UK Parliament

    NCM - Saturday 29th December, 2012

    David Cameron's Conservative Party has quietly made history by electing the first woman of African descent to British Parliament. Helen Grant, whose father is Nigerian, practiced family law in ...

  • Swaziland women banned from wearing rape-provoking miniskirts

    whatsonsanya - Saturday 29th December, 2012

    Police in Africa's last absolute monarchy Swaziland have banned women from wearing miniskirts and midriff-revealing tops saying they provoke rape, local media reported on ...

  • Sudan South Sudan must act on agreements US envoy

    Daily Nation - Saturday 29th December, 2012

    Under a peace deal which ended a 1983-2005 civil war, South Sudan became independent last year, but the two countries fought along their undemarcated border in March and ...

  • Seven die in recruitment test in South Africa

    Global Times - Saturday 29th December, 2012

    Seven people died while undergoing a fitness test used to select prospective candidates for traffic officer posts, the South African Broadcasting Corporation (SABC) reported on Saturday.The victims ...

  • Tunisian FM to sue blogger over accusation of

    Global Times - Saturday 29th December, 2012

    Tunisian Foreign Minister, Rafik Abdesslem, who was accused of involving in an extramarital affair, said Saturday in a statement that he planned to sue those who "propagate rumors against ...

  • Kwanzaa event features African drummers dance and theater

    Baltimore Sun - Saturday 29th December, 2012

    With rapt attention, 4-year-old Alexis Gamble fixed her eyes on three teenage girls, bare-footed in vibrant-colored dresses, as they danced to traditional African beats on Saturday, the fourth day ...

  • Central African rebels near on capital

    SBS - Saturday 29th December, 2012

    Rebels in the Central African Republic, defying mediation efforts, on Saturday seized another town in their advance on the capital, forcing an army retreat and putting them just one town away from ...

  • Troops aiding African diplomat evacuation Obama says

    Fox News - Saturday 29th December, 2012

    WASHINGTON ? President Barack Obama says 50 U.S. troops have deployed to the African country of Chad to help evacuate U.S. citizens and embassy personnel from the neighboring Central African ...

  • Kenya politics Kisumu County Senator Aspirant gets direct nomination by his party

    API - Saturday 29th December, 2012

    Republican Party (URP). Weda received the certificate of direct nomination from the FP party leader David Nduati Kigochi and Secretary General John Itugi Kahura at the head office Nairobi ...

  • Source: http://www.zambianews.net/index.php/sid/211662919/scat/c1ab2109a5bf37ec

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    Surgery successfully removes pellet from cat's face

    WEST POINT ? Tennessee, a female, black, minx cat, is now safely resting at home after having a pellet successfully removed from her nasal cavity.

    The operation was performed Dec. 19 by local veterinarian Katherine Borrett with the Millcreek Animal Hospital in Marriott-Slaterville, said Larry Hyatt, the cat?s owner.

    ?Tennessee is back at home and is progressing very nicely, thanks to this wonderful veterinarian,? Hyatt said in a written response to the Standard- Examiner.

    About two weeks ago the Hyatts discovered their pet cat had been shot by a pellet from an air rifle.

    Davis County Animal Care and Control continues to investigate the complaint.

    The person who shot the cat, if caught, could be charged with a felony, Davis County Animal Control Director Clint Thacker said, because Utah law forbids intentionally harming an animal.

    Thacker said the shelter gets at least two cats a year that have been shot.

    The Hyatts have offered a reward to anyone who has information that would lead to the arrest of the person or persons responsible for shooting their cat.

    Tennessee started coughing, sneezing and scratching at her face several weeks ago. When she wouldn?t leave her face alone, the Hyatts took her to Dr. Mary Smart, their veterinarian, at Quail Point Veterinary Hospital.

    An X-ray showed a pellet near the cat?s eye and inside her sinus cavity, Hyatt said.

    ?Dr. Smart told us (surgery to remover the pellet) is above her skill level,? he said.

    After a front-page story about Tennessee?s plight ran in the Standard Examiner, Dr. Borrett was made aware of the situation.

    Tennessee became a part of the Hyatt family about nine years ago, after someone dumped her off near their home.

    ?She picked us,? Joni Hyatt said of the cat known as ?T?.

    The Hyatts have other cats, but Tennessee is the only one that refuses to live in their home. She prefers the garage, they said. She usually stays close to home and doesn?t wander too far off.

    ?Other cats come into my yard, and I understand some people don?t like it when cats dig up their gardens, but they can either come see me or call animal control,? Hyatt said. ?You don?t shoot a cat.?

    The Hyatts said they appreciate all the care and support they?ve received.

    In a different case, Syracuse resident Joannna Reeder recently made a complaint to county animal services and Syracuse Police that someone shot her pet chickens and duck with either an air rifle pellet gun or a BB gun.

    Police and county officials have been unable to substantiate Reeder?s claims.

    But Reeder did take her wounded pets to the Wildlife Rehabilitation Center of Northern Utah, where the fowl were treated for wounds.

    Anyone with information about either incident can call 801-444-2200.

    Source: http://www.standard.net/stories/2012/12/30/surgery-successfully-removes-pellet-cat-s-face

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    India gang rape victim's body cremated

    NEW DELHI A young woman who died after being gang-raped and beaten on a bus in India's capital was cremated Sunday amid an outpouring of anger and grief by millions across the country demanding greater protection for women from sexual violence.

    Play Video

    Indian gov't feeling heat over violence against women

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    Protesters demand a safer India for women

    The cremation took place during a private ceremony in New Delhi soon after the woman's body arrived in the capital on a special Air India flight from Singapore, where she died at a hospital Saturday after being sent for medical treatment.

    The tragedy has forced India to confront the reality that sexually assaulted women are often blamed for the crime, forcing them to keep quiet and discouraging them from going to authorities for fear of exposing their families to ridicule. Police often refuse to accept complaints from rape victims, and the rare prosecutions that reach courts can drag on for years.

    Security was tight, with no access to the public or media at the crematorium.

    Prime Minister Manmohan Singh and Sonia Gandhi, head of the ruling Congress party, were at the airport to receive the body and meet family members of the victim who were on the flight.

    Hours after the victim died early Saturday, Indian police charged six men who had been arrested in connection with the attack with murder, adding to accusations that they beat and gang-raped the woman on a New Delhi bus on Dec. 16.

    New Delhi police spokesman Rajan Bhagat said the six suspects face the death penalty if convicted, in a case that has triggered protests across India and raised questions about lax attitudes by police toward sexual crimes.

    After 10 days at a hospital in New Delhi, the victim, who has not been identified, was taken Thursday to Singapore's Mount Elizabeth hospital, which specializes in multi-organ transplants, but her condition worsened, with her vital signs deteriorating.

    Following her death, thousands of Indians lit candles, held prayer meetings and marched through various cities and towns, including New Delhi, Mumbai, Bangalore and Kolkata, on Saturday night to express their grief and demand stronger protection for women and the death penalty for rape, which is now punishable by a maximum of life imprisonment.

    But even as thousands mourned the rape victim's death and in a sign of how pervasive such crimes are, police in West Bengal state were investigating another suspected gang-rape and death.

    In the latest case, the family of a woman said she and her husband were attacked by six men as they returned home after working at a brick factory.

    They dragged the woman into a nearby farm after pouring acid into her husband's mouth, the family said.

    The woman was found dead with multiple injuries, said police officer Bhaskar Mukherjee, adding he was waiting for an autopsy report.

    No charges have been laid. Another police officer, Sugata Sen, said four men had been detained for questioning.

    The alleged attack is similar to the Dec. 16 case, where the woman and a male friend, who also has not been identified, were on a bus after watching a film when they were attacked by six men who raped her. The men beat the couple and inserted an iron rod into the woman's body, resulting in severe organ damage. Both were then stripped and thrown off the bus, according to police.


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    Source: http://feeds.cbsnews.com/~r/cbsnews/feed/~3/2SUlnJbP1d8/

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    Top 5 stories this week: Apple vs. Microsoft retail, Editor?s awards plus more?

    For many, this week has been about celebrating with family, eating good food, unwrapping presents and drinking a little too much. It?s the weird week in between Christmas and New Year where no one really knows the schedule. Is it work as usual, or a time for relaxing? There have been some interesting news stories and rumors floating around over the past 6 days. Here are our top 5 stories since Sunday.

    One shopper over in a mall near Beverly Hills snapped some photos of Microsoft and Apple stores within minutes of each other on Christmas Eve. The Apple unit was packed, whereas the Microsoft store had more staff than consumers. It showed ? more than anything ? that Cupertino?s brand has a much wider appeal than Windows.

    We?ve reviewed some great apps and accessories this year, but these were my absolute favorites from the past 12 months. The list features offerings from Arctic, Otterbox, ZAGG, Incipio and others. Check them out to see if you agree with me or not.

    The latest rumor to be thrown off the spinning wheel claims that the next full-size iPad will be released in March with some design elements borrowed from the iPad mini. If true, it could mean much thinner bezels and rounded edges.

    Possibly the best app-switching concept to ever make it to reality: Auxo adds card-like icons to your app switching dock and also includes a very useful set of shortcut toggles for switching Bluetooth and WiFi on/off.

    Gizmodo stirring up trouble for Apple (again). This time, the online publication got in touch with many former Apple store employees who recounted some pretty atrocious activities that went on back of house, including iMacs being smashed and products being stolen.

    Source: http://www.todaysiphone.com/2012/12/top-5-stories-this-week-apple-vs-microsoft-retail-editors-awards-plus-more/

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    What is a limited liability corporation

    What is a limited liability corporation?

    A limited liability corporation is just another name for a limited liability company. A limited liability company, which is also called an LLC, is a business499058_f260 structure that combines the pass through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

    Like the owners of a partnership or sole proprietorships the LLC owners have to report their business profits or losses on their personal income tax returns because the LLC is not a separate taxable entity. But unlike these owners if you own an LLC you are not personally responsible for the business debts and claims, you are protected from any personal liability unless you have given a personal guarantee, this is what is known as limited liability. Basically what this boils down to is that if somebody sues the LLC then only the assets of the business itself are at risk, your personal assets are considered safe. But what you want to keep in mind is that you can lose this protection of your assets if you act illegally, unethically, or irresponsibly.

    But it is because of these features that many people say that a limited liability company is nothing more than a hybrid business structure that takes the best features of a partnership and a corporate business structure. Meaning this business structure combines these two forms of business, but only uses the best features from each form.

    How many people do I need to form an LLC?

    Many people wonder how many people you need to form a LLC because of the fact that it combines various business structures. The good news is that you only need one person to form an LLC and you can form an LLC in any state. But you can also have more than one owner when forming an LLC.

    Who should form an LLC?

    If you are concerned about personal exposure to lawsuits or debts arising from your business than you should seriously think about forming an LLC. A great example of this would be if you were opening up a store front business that deals directly with the public you might be worried about your commercial liability insurance not fully protecting your assets from customers suing you from slipping and falling or something else. So by forming an LLC your personal assets are protected from these types of claims and any others.

    But something that you want to keep in mind before you decide to form an LLC is that not all business can operate as an LLC. Businesses that are in the banking, trust and insurance industry are generally prohibited from forming LLC?s in every state. Also in some states, including CA, there is a rule that prohibits professionals, such as accountants, doctors, architects and other professionals from forming an LLC. So if you are considered to be some kind of professional you want to check into your state laws to see if you can form an LLC or not.

    How do you form an LLC?499055_f260

    This is going to vary depending on which state that you live, but for the most part this is a pretty universal process. All that you really need to do is to file an ?Articles of Organization? with your state?s LLC filing office. In most states this filing office is going to be a part of the Secretary of State?s Office. But in addition to filing the ?Articles of Organization? you are going to have to pay a filing fee. Keep in mind that some states refer to these forms as a ?Certificate of Organization? or a ?Certificate of Formation?. But no matter what it is referred to most states will provide a fill in the blank form for you to use and these only take a few minutes to prepare. You can get this form by mail or by downloading it from your state?s website, in the Secretary of State or corporation?s home page.

    Some states will also require you to publish your intention to form an LLC in your local newspaper. The states that require this also require that you complete this step before you file your Articles of Organization. Some states, but not very many, will also require you to prepare an LLC Operating Agreement. And even if it is not required in your state it is still a good idea to prepare one. The reason that you want to do this regardless of your state requirements is because your Operating Agreement is going to spell out your business arrangements and it will also decide how your LLC is run. If you fail to create a written Operating Agreement then the LLC laws of your state will dictate how your LLC is run.

    Do I need a lawyer to form an LLC?

    The good news is that you do not need to have a lawyer to form an LLC, but if you want to use one you can. The reason that you don?t need to hire a lawyer is that the information that is required for the Articles of Organization is all non-technical information so it is easy enough for you to fill out on your own. Basically what the Articles of Organization include are the name of the LLC, the location of its main office, the names and addresses of the owners, and the name and address of the LLC?s registered agent. The registered agent is a person or company who agrees to accept legal papers on behalf of the LLC. Not to mention that since most states now provide downloadable forms and instructions the process to file for an LLC is even easier and the LLC offices even allow business owners to email them questions directly.

    Does my LLC need an operating agreement?499057_f260

    This is not required by all states, but it is something that you should do if you plan on starting a business. Here are the main reasons why an operating agreement is necessary:

    • Ensures that the courts will respect your personal liability protection because you are showing them that you have been conscientious about organizing your LLC
    • Helps to avoid misunderstandings among the owners over finances and management
    • Sets out the rules that govern how the profits will be split up, how major business decisions will be made, and the procedures for handling the departure and addition of members
    • Allows you to create your own operating rules rather than being governed by the default laws in your state. Which these state laws might not work to your benefit

    How are LLCs taxed?

    LLCs are not considered a separate entity from its owners for tax purposes. So this means that an LLC does not pay any income taxes itself. Instead what happens is that the owners of the LLC pay taxes on their allocated share of profits or they get to deduct their share of business losses on their personal tax returns. But the thing with an LLC is that you can choose how you want it to be taxed, so you can also choose to have your LLC taxed like a corporation. This can be useful because it can reduce taxes for LLC owners who need to retain a large amount of profits in the company.

    Can I convert my existing business to an LLC?

    The good news is that yes you can convert your business to an LLC. In fact converting a sole proprietorship or a partnership is an easy way for the business owners to protect their personal assets without changing the way that their business income is taxed. And some states even provide a simple form for converting a partnership to an LLC; this form is usually called a ?Certificate of Conversion?. If your state does not provide this form then you will need to file regular Articles of Organization to create an LLC.

    And just like in forming an LLC some states require a partnership to publish a notice in the local newspaper that the partnership is being terminated before the partnership can officially convert to an LLC. But no matter what state you live in you are going to have to transfer all identification numbers, licenses, and permits to the name of your new LLC. Some other things that you will need to transfer over are:

    • Federal identification number
    • State employer identification number
    • Sales tax permit
    • Business license or tax registration
    • Any professional licenses or permits

    What are the differences between a limited liability company and a partnership?499054_f260

    The biggest difference between an LLC and a partnership is that in an LLC the owners are not personally liable for the company?s debts and liabilities. What this boils down to is that creditors cannot go after the owners? personal assets to pay off the businesses? debts. And the only way that this can happen in a partnership is if the partner is designated as a ?limited? partner in the partnership agreement. Another big difference is that when you are forming a partnership you do not need to file any formal paperwork or pay any special fees.

    ?

    Source: http://themodernaccountant.com/2012/12/30/what-is-a-limited-liability-corporation/

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    Sunni protesters attack Iraq official's convoy, guards wound two

    RAMADI, Iraq (Reuters) - Bodyguards for Iraq's deputy prime minister wounded two people when they fired warning shots at Sunni protesters who pelted his convoy with bottles and stones on Sunday, witnesses said.

    The incident took place in the city of Ramadi in the western province of Anbar, to where Deputy Prime Minister Saleh al-Mutlaq had travelled to address people in an attempt to defuse sectarian tensions.

    Thousands of Iraqi Sunnis have taken to the streets and blocked a main highway over the past week in protest against Shi'ite Prime Minister Nuri al-Maliki, whom they accuse of discriminating against them and being under the sway of non-Arab neighbor Iran.

    "Leave! Leave!" the protesters shouted at Mutlaq, himself a Sunni.

    "It's only now Mutlaq comes to attend the protest and after seven days. He came to undermine the protest," Saeed al-Lafi, a spokesman for the protesters, told Reuters.

    Mutlaq's guards opened fire to disperse the crowd after they threw objects at his convoy. Two people were wounded, the witness said.

    In a statement following the incident, Mutlaq said some "rogue elements" at the protest had tried to kill him.

    "Upon the deputy prime minister's arrival, the protesters greeted him with great warmth...but some rogue elements which seek to divert the protesters from their legitimate demands carried out a cowardly assassination attempt against Doctor Mutlaq," it read.

    Protesters are demanding an end to marginalization of Iraq's Sunni minority, which dominated the country until the U.S.-led invasion of 2003 that toppled Saddam Hussein.

    They want Maliki to abolish anti-terrorism laws they say are used to persecute them.

    Echoing slogans used in popular revolts that brought down leaders in Egypt, Yemen, Tunisia and Yemen, protesters have also been calling on Maliki to step down.

    "Is this the way to deal with peaceful protesters? To shoot them? This is really outrageous," said protester Ghazwan al-Fahdawi, displaying empty bullet casings from shots he said had been fired by Mutlaq's guards.

    In the northern city of Mosul, the provincial council called a three-day strike to press Baghdad to release women prisoners and stop targeting Sunni politicians.

    Protests flared last week in Anbar province after troops loyal to Maliki detained bodyguards of his finance minister, a Sunni.

    That came just hours after Iraqi President Jalal Talabani, a Kurd seen as a steadying influence on the country's tumultuous politics, was flown abroad for medical care.

    The Arab League described recent developments as "worrying" and called for dialogue in a statement released on Friday.

    A year after U.S. troops left, sectarian friction, as well as tension over land and oil between Arabs and ethnic Kurds, threaten renewed unrest and are hampering efforts to repair the damage of years of violence and exploit Iraq's energy riches.

    (Additional reporting by Ahmed Rasheed in Baghdad, Sufyan al-Mashhadani in Mosul and Omar Fahmy in Cairo; Writing by Isabel Coles; Editing by Angus MacSwan)

    Source: http://news.yahoo.com/sunni-protesters-attack-iraq-officials-convoy-guards-wound-123953633.html

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    labor day recipes ? desserts | crafts hobbies home - Housesaul's blog

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    I will think This Interesting ,and you can see Labor Day Recipes ? Desserts Feature Details . The end of summer is here and you want to enjoy a last blow out picnic with your friends and family. These desserts will have you in and out of the kitchen in no time and all them pack well for your picnic at the park.

    Make these desserts a day or so ahead of time and sit back and enjoy the time you will save with your friends and family on this holiday.

    This book also includes the History of Labor Day.

    The Recipes
    ? Torie?s Pecan Cookies
    ? Danielle?s Zucchini
    ? Lisa?s Banana Cake
    ? Carmita?s Crunchy Cereal Brownies
    ? Katie?s Buttermilk Sheet Cake
    ? Josh?s Chocolate Apricot Cake
    ? Gloria?s Swirl Cookies
    ? Judy?s Chocolate Pepper Cake
    ? Melissa?s Lemon Pumpkin Cheesecake
    ? Martha?s Old Fashioned Sugar Cookies Reading Guideline?

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    Source: http://housesaul.typepad.com/blog/2012/12/labor-day-recipes-desserts-crafts-hobbies-home.html

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    Sunday, 30 December 2012

    Check Your Ego At the Door ? Sales Coach AZ

    No one is perfect, and growth is stunted by pride, so set your pride aside.

    A company sales position requires more reflection and focus on self-improvement than any other position.? The market changes constantly and so must sales people, however, like most people, we are all apprehensive towards change, especially when we have been successful in the past.

    We try to believe that what created success today, will create success tomorrow.? What got you to the top before may not get you there in the future.? Besides I don?t like to think of it as change; it?s about improving. I was just reading John C. Maxwell?s Self Improvement 101 and it reminded me that it?s not about change; it?s a way to improve.

    Plan 1: Focus on self-development and not self-fulfillment.? Reaching your sales goal is self-fulfilling.? Has it really improved your sales skills?? Have you reached your sales potential, if not, what will you do to get there?

    Plan 2: ?Reach your potential by having the mindset of a continual learner.? This is one of the first characteristics I look for when hiring a sales person.? What books have you read about your profession?? What seminars or workshops have you attended?? No matter how many years you have sold you can always learn something new.

    Plan 3: Take time to read, listen or reflect. Self-Improvement must be planned for; the same way you develop a business plan.? Make an appointment with yourself every day or every week to take time to read about your profession, listen to webinars, or reflect on what good and bad things happened during the week, and what can be improved.? Bullet- point your weekly activities, and then bullet point lessons learned.? If you learned nothing, you?re doing something wrong.

    A great way to improve yourself is to teach your peers something you?re learning. Conversely, you can learn a lot from your peers, even if you do not think they are as proficient as you.? I will never forget my younger brother, a high school All-American wrestler, asking for my advice about wrestling.? He not only asked me, he asked everyone.? ?He could learn something from anyone, younger or older.

    Do you have a mentor or coach that can help you improve??

    Nobody likes to be criticized, and many of us love sales, because we like to be our own boss.? However, we all need some coaching and/or mentoring. All the great golfers have coaches because they cannot see everything themselves.

    Aren?t we the same??

    Harvey McKay, author of How to Swim with the Sharks and owner of a $100M printing business stated that he had seven different business coaches.

    Call me today to see how I can help you improve your sales.

    ?

    ?

    Like this:

    Be the first to like this.

    Source: http://salescoachaz.wordpress.com/2012/12/30/check-your-ego-at-the-door/

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    Remember that black Samsung GALAXY Note II? Forget it

    1. Ohrules posted on 2 hours ago 0 0

    what's up phonearena? Why no new news today? :(

    7. Dr.Phil posted on 1 hour ago 0 0

    Think of it as the calm before the storm...CES 2013 is happening in just over a week from now and there is bound to be tons of news coming out from that.

    2. Piotrek007 posted on 2 hours ago 1 3

    As you can see... no1 cares :P I hope samsung will show something BIG at CES :))

    3. eisenbricher posted on 1 hour ago 0 1

    Maybe the big is already here?

    4. darkkjedii posted on 1 hour ago 0 0

    That's sad, cuz it looks pretty sweet n black.

    6. KingKurogiii posted on 1 hour ago 0 0

    oh man, that sucks. i would've gotten one of these for my dad.

    8. regkilla posted on 1 min ago 0 0

    There's a samsung fanboy for ya.

    Source: http://www.phonearena.com/news/Remember-that-black-Samsung-GALAXY-Note-II-Forget-it_id38165

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    Chris Hemsworth and Elsa Pataky with new short blonde hair in California for Christmas

    December 28, 2012 19:42:21 Posted at December 28, 2012 19:42:21 Photos:
    FameFlynet

    Since I don?t track Elsa Pataky the way she wants me to I?d no idea she cut off all her hair and, she wasn?t blonde before, was she? For the purposes of this blog then, let?s decide that she wasn?t and that this is new. And it looks good the way her hair is flat against her head, the envy of Asians like me who cannot grow it like this, and not unlike Sienna Miller who wore it similarly when she had it short.

    Elsa and Chris Hemsworth are in California for the holidays, daughter India?s first, celebrating with his brother Liam and Miley Cyrus and other family members. What do you think Elsa and Miley talk about?

    Source: http://www.laineygossip.com/Chris-Hemsworth-Elsa-Pataky-new-short-blonde-hair-California-for-Christmas/25537

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    How To Choose The Correct Internet Hosting Plan | Veritas India

    Posted on December 29, 2012 by dufttuey508 in Internet

    Using personal internet site whether it is for personal use or for formal use, is considered the most effective approach to promote your business globally and also to reach an incredible number of men or women with your solutions or products and services specifics on the Community Huge Word wide web (WWW). Today web-based is becoming the leading-edge plus the swiftest rising medium, which has you unparalleled prospects to tell and communicate with likely potential consumers 24hours per day, 7days a week and 365days a year. Perfectly, website hosting is the company supplied by an internet hosting services small business, which incorporates storage (disk space), world-wide-web connectivity together with other expertise needed to work documents from the internet site and is in most cases given because the component of the general Internet access organize.

    Most reliable internet hosting institutions in india also offers sturdy shared and committed internet hosting offers with creative programs that aid WINDOWS .Net SERVER, Cold Fusion, LINUX, E-mail Web hosting and far way more. Web hosting corporations invariably gives you place on a server they personal for use by their individuals in addition to supplying world-wide-web connectivity or traditionally in a very info heart as well as it offers full-featured, quite affordable and devoted or semi-dedicated hosting products that assistance your small business go from energy to energy. Nearly all of the companies just acquiring started do have some budgets to crammed with, though businesses and men and women that seek for the most cost effective providers that may in most cases get what exactly is compensated for.

    There?s efficient internet hosting solutions offering top quality company at good pricing, businesses individuals are quite serious about conducting their opportunity online demand to work with a company that would furnish consistent management in operating a web server. Just an efficient and legitimate webhosting business enterprise can provide to them these kinds of style of solutions with state-of-the-art technological innovation put into use for On line to reinforce their organisation globally. Obtaining a solid website hosting company in your organisation opportunity is absolutely not an uncomplicated task, also an India centered internet hosting business enterprise can provide progressive internet hosting expertise and e-commerce web hosting remedy for ones small business homepage.

    I have finished some study to find out most of the finest finest internet hosting corporations in India for 2012 dependant upon their customer assistance, server uptimes and solutions they supply. Down below Detailed are the Best Most desirable WebHosting institutions in India, you can still verify out them for Realiable Providers in India:

    HostingRaja.in

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    SpeedHost.in

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    You have numerous a variety of hosting suppliers in India and it is really realistically advantageous to host with the Internet site which includes a perfectly best-known firm. Consider correctly from this record of service providers featuring website hosting and domain identify registration companies in India.

    Web Hosting In North America As A Blooming Technology From Business Market Leaders can provide you with highest facts for Advantages And Drawbacks Of Dedicated Web Hosting.Make sure you see the website for additional details!

    Tags: best web hosting with free cpanel interface 2013, best web hosting with free whm on linux 2013, discounts for top web hosting firms in 2013, promotional offers for 2013 web host, web hosting for medium size websites 2013, web hosting guide in selecting the best host 2013, web hosting reviews for excellent web host 2013

    Source: http://www.veritasindia.com/how-to-choose-the-correct-internet-hosting-plan

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    Canadian Military History ? Friday Roundup: News, Archives, and ...

    The Friday Roundup is a weekly feature that offers a look at news,?archive, and worthwhile links around the web on the study?of War and Society. This week`s documentary,?War Made Easy: How Presidents and Pundits Keep Spinning Us to Death,?investigates?how American politicians have manipulated the media and opinions of Americans to pursue military goals. We as a society should always ask our politicians about their real intentions for taking their country into war. Have Americans been?deceived?by their political leaders? Can this supposed game of deception be transplanted to other countries such as Canada or European nations?

    Have a safe and happy New Year. ???

    Research

    International Security Relations Network

    A modern security forum that provides a well balanced approach to today?s security issues. Based in Zurich, the site deals with security issues from a largely European perspective, which provides an interesting counterpoint to the U.S. perspective that dominates discussion within North America. While there are no links to primary source documents, the reports and blogs are well written and on interesting topics that can offer anyone a stepping stone to explore a topic of interest.

    ?

    News

    Professor turns to Music to Help Soldiers Heal

    Music?therapy has grown rapidly over the past few decades as a practical method to treat a number of mental illnesses and conditions. Now a professor from Queen?s University believes that the medicinal power of music can help Canada?s veterans overcome Post-Traumatic Stress Disorder.

    ?

    General Interest provided by H-Net

    Napoleon?s march into Russia was not Defeated by the winter or the Russians

    The popular views that the Russians and Russian winter had defeated Napoleon?s?Grande Arm?e has been challenged by recent?archaeological?findings that suggest disease may have played a much more significant role in the disintegration of Napoleon?s forces. The author argues that it was Napoleon?s time in Poland that was most devastating to his army due to a rampant?epidemic?of typhus caused by very unsanitary conditions. These new findings will be sure to stir up discussions and new research on one of the most famous military campaigns in history.

    ?

    Documentary of the Week

    ?

    Tags: Featured

    Source: http://www.canadianmilitaryhistory.ca/friday-roundup-news-archives-and-useful-links-on-the-study-of-war-and-society-december-28th-2012/

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    GLHFCasting ? Different Car Insurance Policies

    Every year, more drivers hit the highways. With countless vehicles on the road, accidents are going to happen. If you get in a car accident, the auto insurance you own can make a big difference in what happens next. But why do you need to own insurance and exactly how much should you purchase? Insurance requirements vary by state/province, but typically include the following: Liability: This kind of insurance will pay for the damage that you have caused. These damages may include bodily injury, and property damage. If you are sued, it also pays your legal fees. Local laws typically require standard amounts of liability insurance, but larger amounts are available and extremely helpful. Personal Injury Protection: This type of insurance pays for the medical treatment for you or your passengers, no matter who was at fault in the collision. It is commonly referred to as no-fault coverage. Local government typically sets minimum amounts. Medical Payments: This coverage can be purchased in states that are not considered no-fault; it pays regardless of who may have been at fault. If this type of coverage is bought, the insured person will receive coverage for reasonable medical or funeral expenses. Collision: Damages that occur from a car accident will be covered under this kind of insurance. Comprehensive: Protect your car from all non-collision damages when you buy this type of insurance. This includes protection from burglary, vandalism, and weather damage. Uninsured Motorist: Pays for repair and replacement costs when someone with insurance is in a crash caused by a driver who does not have liability coverage. Under-Insured Motorist: Similar to uninsured coverage, this kind of insurance protects you against people driving without sufficient insurance coverage. Emergency road service, car rental, and other types of coverage can also be purchased. What you pay for auto insurance varies based on the company and will depend on several factors, including: * What coverage you choose * The type of the car you drive * Your driving record * Your age, gender and marital status * Where you live Many people think of auto insurance as a necessary evil, but it can save you from a financial fiasco. Evaluate your needs, research your options, and with the help of your insurance agency, make the decision that best suits you. Home Insurance Wayne PA

    Source: http://www.glhfcasting.com/different-car-insurance-policies-10/

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    Gunmen in Yemen kill intelligence officer

    SANAA, Yemen (AP) ? Two gunmen on a motorbike shot and killed an intelligence officer in southeastern Yemen on Saturday, security officials said.

    The officials said that the officer, Mutea Baqutian, was on his way to work in Mukalla, capital of Hadramawt province, when the gunmen stopped his car and gunned him down, then fled.

    The government has blamed al-Qaida militants for similar assassinations of several senior military and intelligence officials this year. The bullet-riddled body of Major al-Numeiry Abdo al-Oudi, deputy director of the security department of al-Qitten in Hadramawt, was found in the town's suburbs last week. He had been kidnapped earlier in the month.

    The officials spoke on condition of anonymity according to regulations.

    Meanwhile, Maj. Gen. Ahmed Seif, who is commander of Yemen's central military region, said the Defense Ministry has deployed an infantry brigade in the northeastern province of Marib to stop armed tribesmen who maintain cordial ties with al-Qaida from attacking oil pipelines and power generating stations, as well as to counter al-Qaida militants.

    State TV meanwhile aired a meeting between President Abed Rabbo Mansour Hadi and eight Yemeni sailors who were rescued last week by forces of Somalia's semiautonomous Puntland region after being held for nearly three years by Somali pirates.

    The Puntland government says that its forces captured the hijacked Panama-flagged MV Iceberg 1 on Sunday after a siege that lasted two weeks. They freed the eight Yemeni sailors together with five Indians, two Pakistanis, four Ghanaians, two Sudanese and a Filipino. The ship was hijacked March 29, 2010.

    Hadi congratulated the eight sailors for their safety and ordered the government to compensate them for their suffering.

    Eqbal Yassin, a relative of one of the freed sailors, told The Associated Press, that the hijackers had allowed some sailors to phone their relatives and convey the pirates' demand for $5 million ransom. He said he was told by his relative that the hijackers killed a Yemeni sailor who tried to escape. He gave no further details.

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-12-29-Yemen/id-7d9769cf9a1549c4b8972c040c748a39

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    Amazon Makes It Easier To Host Static Web Pages On S3

    aws-logo-640S3 is Amazon's cloud storage service for developers, but you can also use it to host static web pages on the cheap. Amazon introduced this feature about a year ago and today, it is making it even easier to run basic sites on S3 with the addition of root domain hosting (using Amazon's Route 53 DNS service) so users can access your site without specifying the "www" in the address and enhanced redirection functionality.

    Source: http://feedproxy.google.com/~r/Techcrunch/~3/e8-oWh8Gpxk/

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    Saturday, 29 December 2012

    Thin Crust Pizza, Soup for Fall, Surprising Slow Cooker Recipes ...

    01-2011_10_24-soup04_rect540_rect540 The Power of Soup: 20 Soup Recipes to Warm and Satisfy 01-2011_10_24-soup04_rect540_square7202-2011_01_25-cauliflower01_rect540_square7203-2012-10-07-harvestpizza-5_square7204-2012-10-01-cauliflowerstew-2ed_square7205-pasta_rect540_square7206-2012-10-18-soapysponge_square7207-2012-10-03_how_to_use_humidity_drawer_refrigerator_9_square7208-2011-12-15-midwinterporridge6_square7209-20121003-dsc_8794-ed_square7210-2011_11_11-pumpkinbutteredrumed_square72

    Popular posts in October included surprising things you can make in the slow cooker, plus some great soups for fall. Thin crust pizza crust (requires almost no time to make!) and a fresh pasta recipe collection were some more of our readers' favorite posts in October 2012.

    Top 10 Posts of October 2012

    ? 1 The Power of Soup: 20 Soup Recipes to Warm and Satisfy
    ? 2 20 Ways to Eat Fall Vegetables for Dinner
    ? 3 Recipe: Homemade Thin Crust Pizza
    ? 4 Slow-Cooker Recipe: Curried Vegetable and Chickpea Stew
    ? 5 15 Fast, Fresh Pasta Recipes
    ? 6 Hate Washing Dishes? Try the "One Soapy Sponge" Trick
    ? 7 The Proper Way To Use Your Refrigerator Humidity Drawers
    ? 8 10 Surprising Foods You Can Make in a Slow Cooker
    ? 9 French Recipe: Creamy Butternut Squash Casserole with Herbed Bread Crumbs
    ? 10 Pumpkin For Breakfast, Dinner, & Dessert: 15 Scrumptious Pumpkin Recipes

    * * *

    Welcome to The Kitchn's Best of 2012 roundup!
    From December 17 through January 1 we are rounding up some of our favorite (and your favorite) posts from the past year.

    (Images: See linked posts for full image credits)

    50d4c113dbd0cb6d87005110._w.50_h.50_s.centercrop_ 50d4c7bad9127e4fa90053f3._w.50_h.50_s.centercrop_

    Source: http://www.thekitchn.com/-the-kitchns-top-posts-of-october-2012-181744

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    Stocks extend losses ahead of 'fiscal cliff' talks

    10 hrs.

    Stocks took another beating for the fifth-consecutive session Friday, with the Dow logging its worst weekly drop in six, after a report that President Barack Obama said he is not going to make a new budget offer during the "fiscal cliff" summit at the White House.

    Instead, Obama plans to lay out what is clear can pass with a majority in both the House and Senate and what most American people support, which includes protecting everyone making $250,000 and less from seeing their taxes go up.

    The?Dow Jones Industrial Average?dropped 158.20 points, or 1.21 percent, to close at 12.938.11, dragged down?by?Hewlett-Packard?and?ExxonMobil.

    The?S&P 500?slumped 15.67 points, or 1.11 percent, to end at 1,402.43. The?Nasdaq?declined 25.60 points, or 0.86 percent, to finish at 2,960.31. The?CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked to close above 22 for the first time since June.

    For the week, the?Dow?tumbled 1.92 percent, the?S&P 500?fell 1.94 percent, and the?Nasdaq?dropped 2.01 percent. Most Dow components ended in the red for the week, dragged by?Hewlett-Packard?and?Microsoft, while?Bank of America?squeezed out a small gain.

    "Traders are so cautious and investors are also worried," said Stephen Guilfoyle of Meridian Equity Partners.?

    President Barack Obama?met with a bi-partisan group of congressional leaders?at the White House, just days before the deadline to reach a deal or see the a series of automatic spending cuts and tax hikes come into force. If a deal is not possible, Obama and the leaders would leave the resolution to the next Congress to address in January.

    Earlier, stocks came off their lows as investors latched onto a glimmer of hope amid reports of?progress toward a potential deal. According to sources, negotiations revolved around permitting taxes to rise to Clinton-era levels on incomes above $400,000, the level in Obama's last offer to Republican House Speaker John Boehner before their negotiations fell apart earlier this month.

    Hewlett-Packard?confirmed that the Justice Department is looking into its allegations that?Autonomy?engaged in accounting fraud prior to its acquisition by HP last year.

    Apple?dipped after a Chinese court fined the iPhone maker $160,000 for hosting third-party applications on its App Store that were selling pirated electronic books, Xinhua news agency said. Apple shares have declined nearly 25 percent in the last three months. The stock hit an all-time high of $705 in mid-September.

    Barnes & Noble?jumped after British publisher?Pearson?said it will buy a 5 percent stake in the bookstore chain's digital Nook and college bookstore businesses for $89.5 million. Separately, Barnes & Noble said it expects holiday sales to be below forecasts and that its Nook business will not meet prior full-year 2013 projections.

    Among airlines, Raymond James raised its price target on?Delta Airlines,?Southwest Airlines,?U.S. Airways,?Spirit Airlines?and?Alaska Air.

    On the economic front, pending home sales rose to the highest level in more than 2-1/2 years, climbing 1.7 percent in November, according to the National Association of Realtors.?

    And the Institute for Supply Management-Chicago said its index of Midwest business activity rose to 51.6 in December from 50.4 in November, edging past expectations for 51.0.

    Source: http://www.nbcnews.com/business/wall-street-extends-losses-week-1C7753031

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