Glitch prevents trading in over 200 stocks on the NYSE
















NEW YORK (Reuters) – NYSE Euronext on Monday suspended trading in over 200 stocks on the New York Stock Exchange due to a technical problem with a server, though the stocks in question were still trading actively on other markets.


There will be no closing auctions in the affected stocks, and a list of the official closing prices for the securities, based on the consolidated last sale, will be distributed via email and NYSE’s website, the exchange operator said.













NYSE first alerted traders it was having problems with one of its cash equity matching engines at 9:38 a.m., and it said it would not publish quotes on a total of 216 stocks, including CVS Caremark Corp and Lazard Ltd .


Nasdaq OMX Group , BATS Global Markets and Direct Edge exchanges stopped sending orders to the NYSE, declaring “self help” against the exchange.


“Orders were coming in, but those who were issuing the orders were not getting their confirmations or their reports, so we felt it was best to zero it out, if you will, and then to suspend trading of those stocks on our market,” said Rich Adamonis, an NYSE spokesman.


NYSE said that any open orders should be considered canceled.


Adamonis said the server issues were still being investigated at around 3 p.m., but said they came as the issues were being moved over to a new trading platform.


NYSE is in the process of moving all of its markets – including bonds, options, futures and cash equities – in the United States and Europe to a universal electronic trading platform.


The New York-based company’s European markets have been fully integrated with the new system, and the exchange is now in the process of moving over its roughly 3,800 U.S. cash equities issues to the new platform, with about 800 having been migrated so far, Adamonis said.


The migration will continue to be rolled out through the rest of the year, he added.


(Reporting By John McCrank; Editing by Leslie Adler)


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Australia’s INXS calls it quits as touring band after 35 years
















SYDNEY (Reuters) – Australian rock group INXS has called it quits as a live touring band after 35 years, thanking fans and honoring late frontman Michael Hutchence in a statement on Tuesday.


INXS, which sold more than 30 million albums worldwide, including more than 10 million alone of their 1987 breakthrough “Kick”, issued the statement after comments by band member Jon Farriss during a weekend performance sparked a frenzy on Twitter.













“We understand that this must come as a blow to everybody, but all things must eventually come to an end,” INXS members Tim, Andrew and Jon Farriss, Kirk Pengilly and Garry Beers said. “We have been performing as a band for 35 years, it’s time to step away from the touring arena.”


“Our music will of course live on and we will always be a part of that,” they added.


INXS was one of the biggest touring bands of the 1980s and 1990s, playing to 80,000 at Wembley Stadium in London and 120,000 in Rio De Janeiro.


But the death of charismatic lead singer Hutchence in 1997 was a major blow.


A U.S. TV talent show for a new frontman was won by Canadian J.D. Fortune, while Terence Trent D’Arby and Jon Stevens also had a turn at the microphone. Irishman Ciaran Gribbin was the last to take the role.


Farriss, the band’s drummer, set the Internet abuzz on Sunday night after he told the audience during a support performance for U.S. band Matchbox Twenty in Perth that it was the last time INXS would perform together. Saxophone player Pengilly later told a radio station the band was not breaking up.


The group declined to comment further on Tuesday.


(Reporting By Grace Williams, editing by Elaine Lies)


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Clarke’s 218 puts Australia on front foot
















BRISBANE (Reuters) – Australia captain Michael Clarke scored a brilliant unbeaten double century to give the hosts a remarkable 37-run first innings lead on the fourth day of the first test against South Africa on Monday.


Supported first by a maiden century from opener Ed Cowan in a record stand of 259, and then by Mike Hussey‘s 86 not out, Clarke’s 218 helped lift Australia from 40 for three when he took to the crease on Sunday to 487 for four when stumps were drawn.













It was Clarke’s sixth test century, and his third double hundred, in the 15 tests since he was named captain last year in the wake of the Ashes humiliation and Australia’s quarter-final exit at the World Cup.


Although by no means a chanceless knock, the 31-year-old played with patience when South Africa’s vaunted pacemen got anything out of the Gabba track before punishing anything loose with some fine shot-making.


When he carried his bat back to the pavilion at the end of the day to the raucous cheers of a sparse crowd at the famous Brisbane ground, Clarke had faced 350 balls over 504 minutes and scored 21 fours.


“I’m very happy with that,” Clarke, who accumulated his 1,000 test run of the year during the innings, said in an interview on the boundary.


“I didn’t feel great at the start and I think Ed Cowan batted beautifully.


“We’re in a great position with a 30-odd lead. I’d like another 70 odd runs in the morning and then I want to have a crack with the ball. We’ll see what happens.”


Cowan departed for 136 in heartbreaking fashion just before tea, run out at the non-striker’s end when Dale Steyn got a finger to a Clarke drive that hit the stumps and the opener was caught out of his crease backing up.


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His partnership with Clarke was an Australian record for the fourth wicket at the Gabba, beating the 245 Clarke and Mike Hussey made against Sri Lanka in 2007.


Cowan’s wicket was the only wicket to fall on the day and Hussey started pouring on the runs as if determined to get the record back for his own partnership with his captain.


The 37-year-old bucked his poor recent form against South Africa by reaching his half century off just 68 balls with a drive through long-off and was closing on a century of his own when play ended.


It was Hussey’s cut four off Morne Morkel with which Australia overhauled South Africa’s first innings tally of 450 and put themselves in with an unlikely chance of even winning a test which lost an entire day to rain on Saturday.


Clarke’s negotiation of the “nervous nineties” for his century had been fraught and he was nearly run out going for a second run that would have brought him to the hundred mark.


There were no such jitters on his approach to the two hundred mark, which he passed by slapping the ball through mid-on for two runs before giving the badge on his helmet another kiss.


Cowan’s century was a retort to those critics who have consistently questioned his place in the team since he made his debut in last year’s Melbourne test against India.


The 30-year-old lefthander reached the mark two overs after lunch by pulling a short Vernon Philander delivery for four to the square leg boundary, beginning his joyous celebrations before the ball hit the rope.


South Africa’s number one test ranking is on the line in the series, which continues with matches in Adelaide and Perth after Brisbane.


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Global deal agreed to fight tobacco smuggling
















SEOUL (Reuters) – Global health officials agreed a deal on Monday to fight smuggling of tobacco products, a trade which robs governments of more than $ 40 billion in revenue each year and undercuts efforts to reduce smoking.


The measures include making it mandatory for member governments to license manufacturers and for tobacco packaging to be marked so the products can be tracked.













The agreement came at a meeting of the 176 member states to the World Health Organisation (WHO)’s Framework Convention on Tobacco Control in the South Korean capital Seoul and follows more than five years of negotiations.


“The protocol gives the world an orderly, rules-based instrument for countering and eventually eliminating a very sophisticated international criminal activity,” WHO Director General Margaret Chan told the conference.


“Illicit trade is bad for health because it circumvents measures like taxes and price increases that are known to reduce demand.”


Roughly one in 10 cigarettes, or 600 billion, are smuggled each year by organized gangs, experts say.


A study by the independent non-profit International Tax and Investment Center based in Washington said approximately 11 percent of the world cigarette market is illicit, resulting in annual loss in government revenue of more than $ 40 billion.


“There is evidence that the proceeds of the illicit trade in tobacco products funds both international criminal organizations


A network of civil society groups, the Framework Convention Alliance, called to pact a major step in curbing the illegal trade in tobacco products.


“The illicit trade in tobacco feeds the worldwide tobacco epidemic by flooding markets with cheap products and keeping tobacco taxes low,” it said.


However, some countries where major tobacco companies are based, notably the United States, will not be subject to the anti-smuggling agreement because they have not ratified the original pact.


Industry giants Philip Morris International and British American Tobacco have previously said they would back a pact with effective measures against illicit trade.


(Editing by Jonathan Thatcher)


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Oil drifts as fiscal cliff looms over US economy
















BANGKOK (AP) — Oil prices drifted Monday as traders worried about the threat to the U.S. economy if lawmakers and President Barack Obama don’t reach an agreement to avoid automatic tax hikes and spending cuts.


Benchmark crude for December delivery was down 23 cents to $ 85.84 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 98 cents to finish at $ 86.07 per barrel on the Nymex on Friday.













Obama and congressional leaders face a Jan. 2 deadline to reach an agreement or at least come up with a framework to deal with expiring Bush-era tax cuts and automatic spending cuts to defense and domestic programs — known as the “fiscal cliff.”


Economists say the cuts could total $ 800 billion, cost 3 million jobs and plunge the U.S. back into recession. Analysts say more stock market turmoil could arise as the deadline approaches.


Obama was to begin talking to lawmakers in Washington this week on a deal.


Brent crude, used to price international varieties of oil, fell 48 cents to $ 108.92 a barrel on the ICE Futures exchange in London.


Among other energy futures trading on Nymex:


— Heating oil fell 0.6 cent to $ 3.00 a gallon.


— Wholesale gasoline rose 0.2 cent to $ 2.66 a gallon.


— Natural gas fell 1.8 cents to $ 3.485 per 1,000 cubic feet.


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Laughing in the storm: Comics don’t shy from Sandy
















NEW YORK (AP) — Comedian Dave Attell told a packed house at the Comedy Cellar that New York after Superstorm Sandy had a familiar feel. “It was dark. Toilets were backing up. … It was pretty much like it always was.”


Another comic, Paul Mecurio, told the same crowd that he got so many calls from worried family members that he started making things up about how bad it was.













“I’m drinking my own urine to survive,” he joked.


New York’s comedy clubs, some of which had to shut down or go on generator power in the aftermath of the storm, dealt with a bad situation like they always have — by turning Sandy into a running punchline.


“If they’re going to do jokes on Sept. 12 about Sept. 11, then this thing isn’t going to slow us down,” said Vic Henley, the emcee of a show Oct. 28 at Gotham Comedy Club.


Sean Flynn, Gotham’s operating manager, said comics were including the storm in their acts but had to be careful nonetheless not to make people feel worse than they already did.


“There’s the old adage that tragedy plus time equals comedy. The variable is the time,” he said. Still, he added: “You can’t ignore the subject. That’s what comedy’s all about.”


The Comedy Cellar, a regular stop for decades for the country’s most notable comedians, was closed from Oct. 28 through Nov. 1, but reopened on Nov. 2 after a generator was brought in at a cost of several thousand dollars. Power didn’t return until the next day, and the crowds came with it.


Everyone has a bad case of cabin fever,” said Valerie Scott, the club’s manager.


Mecurio said he thought the joke was on him when he got a call from the Comedy Cellar saying the club was going ahead with its show even though there was no light in the West Village. He headed downtown from the Upper East Side, hitting dark streets after midtown.


“It’s pitch dark,” he said. “And there’s a room packed with people laughing. It was so surreal. … I’m calling it the generator show. It was a really cool thing.”


“You could feel there was something special about the show,” he said. “The audiences were tempered in their mood. You could tell something was up, something was in the air. I knew it was cathartic for people.”


He said a woman approached him after the show to thank him, saying: “You kind of brightened my day.”


Sometimes, comics used the storm to get a laugh at the expense of the crowd, like when Mark Normand looked down from the Comedy Cellar stage at a man with a thin beard.


“I like the beard,” he told him. “Is that because of Sandy? You couldn’t get your razor working?”


And Attell used Sandy to mock a heckler, telling him: “You must have been a load of laughs without power.”


At another point, Attell looked for positives in the storm.


“There’s nothing better than Doomsday sex,” he said.


Mecurio said he has made a point of including the storm and the havoc it caused whenever he takes the stage.


“I feel like as a comedian in the spirit of social satire, it’s what we’re supposed to do,” he said. “It’s the elephant in the room. How do you not do it?”


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Israel kills Gaza rocket crewman in second day of clashes
















GAZA (Reuters) – An Israeli air strike killed a Palestinian militant in the Hamas-governed Gaza Strip on Sunday as a surge in cross-border violence entered its second day, local officials said.


Islamic Jihad, a smaller faction than Hamas which often operates independently, identified the dead man as one of its own, saying he was a member of a rocket crew hit by an Israeli missile in Jabalya, northern Gaza.













The Israeli military confirmed carrying out an air strike in the area. The death brought to six the number of Palestinians killed by Israel since four of its troops were hurt in a missile attack on their jeep along the Gaza boundary fence.


Islamic Jihad said it had fired 70 short-range rockets and mortar bombs across the border since Saturday, salvoes which drove Israeli residents to blast shelters. At least one Israeli, in the town of Sderot, was wounded, ambulance workers said.


Israel described the jeep ambush as part of a Palestinian strategy of trying to curb its countermeasures against possible cross-border infiltration. Israeli forces often mount hunts for tunnels and landmines on the inside of the Gaza boundary, creating a no-go zone for Palestinians.


“Of course we don’t accept their attempt to change the rules,” Defence Minister Ehud Barak told Israel’s Army Radio.


“The essence of the struggle is over the fence. We intend to enable the IDF (Israel Defence Forces) to work not just on our side but on the other side as well.”


Palestinians said four of Saturday’s dead were civilians hit by an Israeli tank shell while paying respects at a crowded mourning tent in Gaza’s Shijaia neighborhood. Israel denies targeting civilians.


The bloodshed puts internal pressure on Hamas, which, though hostile to the Jewish state, has sat out some of the recent rounds of violence as it tried to consolidate its Gaza rule and reach out to neighboring Egypt and other foreign powers.


Israel blames Hamas for any attacks emanating from Gaza, but has shown little appetite for a major sweep of the territory which might strain its own fraught ties to the new Islamist-rooted government in Cairo.


(Writing by Dan Williams; Reporting by Nidal al-Mughrabi; Editing by Todd Eastham)


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U.S. investigator in Afghan rampage case suggests gunman not alone
















TACOMA, Washington (Reuters) – The wife of an Afghan villager killed in a rampage blamed on a decorated U.S. officer told an Army investigator that more than one soldier was present when her husband was shot dead at their home in March, the investigator testified on Saturday.


Military prosecutors are seeking the death penalty for Army Staff Sergeant Robert Bales, accusing him of killing 16 villagers, mostly women and children, when he ventured out of his remote camp on two revenge-fueled forays over a five-hour period in March.













The wife’s account, relayed by Army criminal investigator Leona Mansapit, appeared to cast doubt on the government’s case that Bales alone was responsible for the deaths, although survivors have so far testified to seeing only a single soldier.


The U.S. government, which has been laying out its case against Bales in a pre-trial hearing aimed at deciding whether he can be sent for court martial, says a coherent and lucid Bales acted alone and with “chilling premeditation”.


Mansapit said that the wife of Mohamed Dawood, who was killed in the village of Najiban, recalled a gunman entering the couple’s room shouting about the Taliban, while another man, a U.S. soldier, stood at the door.


The shootings in Afghanistan’s Kandahar province marked the worst case of civilian slaughter blamed on an individual U.S. soldier since the Vietnam War and damaged already strained U.S.-Afghan relations.


Mansapit said the wife, who spoke to her through an interpreter, said one of the men pulled her husband out of the door, while the other stopped her from following. One of the men then put a gun to her husband’s head and killed him, while the other continued to yell about the Taliban, grabbing her by the hair and slamming her head against the wall, she said.


Mansapit, who was called by the defense, recalled the woman as saying that outside there were more soldiers “speaking English among themselves”. She put the woman’s age at about 25 but did not name her. It was not immediately clear whether the wife would testify to the hearing herself.


The testimony came a day after a father and two sons described being attacked by a sole U.S. soldier in their family compound in the Afghan village of Alkozai. So far, the only sworn references to more than one soldier have been second hand.


AFGHAN TESTIMONY


A veteran of four combat tours in Iraq and Afghanistan, Bales faces 16 counts of premeditated murder and six counts of attempted murder, as well as charges of assault and wrongfully possessing and using steroids and alcohol while deployed.


Prosecutors have already presented physical evidence to tie Bales to the crime scene, with a forensic investigator saying a sample of blood on his clothing matched a swab taken in one of the compounds where the shooting occurred.


Bales’ lawyers have not set out an alternative theory to the prosecution’s case, but have pointed out inconsistencies in testimony and highlighted incidents before the shooting where Bales lost his temper easily, possibly setting up an argument that he was suffering from post-traumatic stress disorder.


Gathering evidence and witness statements was complicated by the speedy burial of victims, the inability of U.S. investigators to access the crime scenes for three weeks after the violence, and the dispersal of possible witnesses after treatment at a Kandahar hospital.


Bales’ lead civil defense attorney John Henry Browne, who is in Kandahar to question witnesses, complained early in the investigation that his team was denied access to villagers wounded in the attacks.


One of the villagers, a 15-year-old boy who was wounded in the rampage in Alkozai but survived by hiding, testified to the hearing at a U.S. Army base in Washington state that the shooter wore a U.S. military uniform.


“He put his pistol in my sister’s mouth and then my grandmother started wrestling with him,” the boy, introduced to the court by the single name of Rafiullah, said via video link from Kandahar Air Field. “He shot me in my legs.”


The boy’s testimony was consistent with the recollections of another teenage boy, Sadiquallah, who testified previously that he saw only a single American that night.


(Reporting By Bill Rigby; Editing by Cynthia Johnston and Pravin Char)


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China slams “distorted” view of copyright piracy problem
















BEIJING (Reuters) – China‘s top official in charge of fighting copyright piracy on Sunday slammed what he said was deliberate distortion of the problem by the Western media caused by the country’s poor global image, saying important facts had been ignored.


Foreign governments, including the United States, have for years urged China to take a stronger stand against pervasive violations of intellectual property rights on products ranging from medicines to software to DVD movies sold on the street.













The United States in April again put China, along with Russia, on its annual list of countries with the worst records of preventing the theft of copyrighted material and other intellectual property.


But Tian Lipu, head of China’s State Intellectual Property Office, said the government’s efforts were being ignored.


“Speaking honestly, there is a market. People use and buy pirated goods,” Tian told reporters on the sidelines of a landmark Communist Party congress.


“To a large extent, China’s intellectual property rights protection image has been distorted by Western media.


“China’s image overseas is very poor. As soon as people hear China they think or piracy and counterfeiting — (Beijing’s) Sanlitun, that place in Shanghai, Luohu in Shenzhen,” he said, referring to places notorious for selling fake goods.


“We don’t deny (this problem), and we are continuing to battle against it,” Tian added.


But other facts were overlooked, he said.


“For example, China is the world’s largest payer for patent rights, for trademark rights, for royalties, and one of the largest for buying real software,” he said. “We pay the most. People rarely talk about this, but it really is a fact. Our government offices, our banks, our insurance companies, our firms … the software is all real.”


Microsoft Corp and other members of the Business Software Alliance in the United States complain that nearly 80 percent of the software installed on personal computers in China is pirated.


Tian said that if companies like Apple Inc were so worried by piracy they would never choose China for their production bases.


“Of the goods made for Apple, most are made in China. Once Apple’s brand is added to it and it is exported to the United States its value doubles,” he said.


“This could only happen because China’s intellectual property rights environment sets foreign investors at ease allowing them to come to China to manufacture.”


The International Intellectual Property Alliance, a U.S. coalition of film, software, music and publishing groups, estimates that U.S. companies lost more than $ 15 billion in 2009 due to international copyright theft.


About $ 14 billion of the total was due to software piracy, with an estimated $ 3.5 billion in losses in China and $ 1.4 billion in Russia.


(Editing by Ron Popeski)


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Colin Firth, Emily Blunt film “Arthur Newman” goes to Cinedigm
















LOS ANGELES (TheWrap.com) – Cinedigm has acquired domestic distribution rights to “Arthur Newman,” starring Colin Firth and Emily Blunt, the studio announced on Friday.


“Arthur Newman,” the directorial debut of Dante Ariola, chronicles Wallace Avery (Firth), a depressed man loathed by his ex-wife. He stages his own death and heads out on the road where he meets Mike (Blunt), who also wants a fresh start.













Cinedigm will release the film in theaters mid-2013, with on-demand, premium digital, DVD and TV distribution to follow.


“‘Arthur Newman’ is perfect for today’s audiences… A deeply entertaining film highlighted by touching performances from Colin and Emily that bring real heart and soul to a powerful story of displacement, longing and ultimately, redemption. Moviegoers will leave the theatre moved and uplifted,” Vincent Scordino, vice president of acquisitions for Cinedigm Entertainment Group, said in a statement.


Becky Johnson penned the script for the film, which she also produced alongside Vertebra Films’s Mac Cappuccino, Cross Creek Pictures’ Brian Oliver and Alisa Tager.


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