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Honda Fit EV goes lease-only for 2012, should hit US next summer for $399 per month (video)
Dante Cesa contributed to this report.
Honda Fit EV goes lease-only for 2012, should hit US next summer for $399 per month (video) originally appeared on Engadget on Thu, 17 Nov 2011 13:32:00 EDT. Please see our terms for use of feeds.
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Staples 3Q profit rises, lowers 2011 outlook (AP)
FRAMINGHAM, Mass. ? Staples Inc. said Tuesday that its profit climbed 13 percent in the third quarter, helped in part by improved sales of office and break room supplies to businesses as well as promotional products.
But overall revenue came in short of Wall Street expectations and the nation's biggest office supply company cut its adjusted earnings forecast for the full year as its international performance weakened a bit.
Office suppliers have suffered during the recession and its aftermath, as consumers and small businesses continue to hold back on spending.
"International results were weaker than expected as tight expense management was more than offset by very challenging top line trends," Chairman and CEO Ron Sargent said in a statement.
Staples, which is based in Framingham, Mass., reported net income of $326.4 million, or 47 cents per share, in the three months ended Oct. 29, up from $288.7 million, or 40 cents per share, a year ago.
The earnings met Wall Street's expectations, according to a survey of analysts by FactSet.
Revenue rose 1 percent to $6.57 billion from $6.54 billion, but analysts expected higher revenue of $6.71 billion.
Revenue for Staples' North American delivery segment, which delivers office supplies and break room supplies to businesses, increased 1.8 percent to $2.6 billion. Its North American retail unit revenue was flat at $2.7 billion, with revenue at stores open at least a year down 1 percent on a slight decline in customer traffic and flat average order size.
Revenue at stores open at least a year is a key indicator of a retailer's health because it excludes results from stores recently opened or closed.
The company's international revenue slipped 1.9 percent to $1.3 billion, or 7 percent on a local currency basis. Staples said revenue at European stores open at least a year dropped 12 percent, with sales also soft in Australia.
For the full year, Staples now anticipates earnings of between $1.35 to $1.39 per share, excluding a tax refund of about $21 million in the second quarter. The retailer previously predicted adjusted earnings in a range of $1.39 to $1.45 per share. It expects a low-single digit percentage rate increase in revenue.
Analysts expect 2011 earnings of $1.39 per share on revenue of $25.29 billion.
Staples expects fourth-quarter earnings of 39 cents to 43 cents per share, with flat to low single-digit sales growth.
Analysts expect earnings of 43 cents per share on revenue of $6.59 billion.
In addition, Staples said it now anticipates buying back about $600 million of its stock for the full year, up from its previously expectations to repurchase $300 million to $500 million of its shares.
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Senate panel presses ahead with defense bill (AP)
WASHINGTON ? Setting up a showdown with the White House, a Senate panel on Tuesday pushed ahead with a sweeping defense bill that would require military custody of terrorist suspects and limit the government's authority to transfer detainees.
The Democratic-led Armed Services Committee approved the revised legislation over objections from Obama administration officials and opposition from several senior Democratic senators who argue the bill would tie the president's hands in the war on terror.
Weeks of negotiations between the administration and Sen. Carl Levin, D-Mich., chairman of the committee, and Sen. John McCain of Arizona, the panel's top Republican, produced some changes in the bill's provisions on handling detainees, but they weren't sufficient to overcome White House concerns.
"Issues which have been raised I believe have been addressed," said Levin, who indicated that the Senate could consider the measure this week. He insisted that "there are all kinds of misconceptions" about the detainee provisions.
The overall bill totals $663 billion and would authorize spending for military personnel, weapons systems and the wars in Iraq and Afghanistan in the fiscal year that began Oct. 1. The committee had approved the bill in June but met behind closed doors Tuesday to cut about $21 billion to fulfill new budget requirements.
Dividing the Democrats and drawing criticism from the administration is a provision that would require military custody of a suspect determined to be a member of al-Qaida or its affiliates and involved in the planning or an attack on the United States. The administration argues that such a step would hamper efforts by the FBI or other law enforcement to elicit intelligence from terror suspects.
Attorney General Eric Holder said last week that the United States must have the flexibility to prosecute terror suspects in criminal courts. White House counterterror chief John Brennan has argued for a case-by-case approach in prosecuting terrorist suspects. The Pentagon's general counsel, Jeh Johnson, also has said there is a "danger in over-militarizing our approach to al-Qaida and its affiliates."
Levin said the administration agrees with military custody for terror suspects captured outside the United States. "What they won't agree to is people are captured in the United States be so treated and go through the military custody even with a (national security) waiver."
"If there's an al-Qaida guy here attacking the military base. Some guy walks up to a military base and blows himself up ... can that person be detained by the military at that fort?" Levin told reporters. "Under the administration language you could not mandate that. We say, yeah, you can mandate that, and if you don't like it, administration, you can waive that."
Several Democrats on the committee tried to eliminate the provision and others on detainees from the bill but failed on a voice vote.
Among those opposed to the provisions are Sens. Dianne Feinstein, D-Calif., the chairwoman of the Intelligence Committee, Patrick Leahy, D-Vt., the head of the Judiciary Committee, and Mark Udall, D-Colo., a member of the Armed Services panel.
Udall said he had serious concerns about the provisions and their impact on U.S. citizens and counterterrorism operations.
"I do not believe that the consequences of the provisions have been adequately considered, and it should be noted that the Department of Defense strongly objects to their inclusion," he said in a statement in which he indicated he would offer amendments to change them.
In an Oct. 27 letter to Senate leaders, Levin and McCain, Sen. Max Baucus, D-Mont., criticized the military custody provision.
"Americans that have dedicated themselves to fighting terrorism have a hard enough job as it is without being handcuffed by new legal hurdles," Baucus wrote. "An effort by Congress to tie their hands ... would be a grave mistake."
The bill contains the original provision limiting the transfer of terror suspects from the Navy prison at Guantanamo Bay, Cuba, to foreign countries. The committee agreed to a one-year limit instead of a permanent restriction.
On the military custody provision, the committee added several clarifications that the requirement would not interrupt ongoing surveillance, intelligence gathering or interrogation.
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Netflix reveals new user interface experience for Android tablets, iPad counterpart coming soon
Netflix reveals new user interface experience for Android tablets, iPad counterpart coming soon originally appeared on Engadget on Tue, 15 Nov 2011 08:25:00 EDT. Please see our terms for use of feeds.
Permalink |Netflix, Android Market | Email this | CommentsSource: http://www.engadget.com/2011/11/15/netflix-reveals-new-user-interface-experience-for-android-tablet/
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Assad warns of "earthquake" if West intervenes (Reuters)
BEIRUT (Reuters) ? Western powers risk causing an "earthquake" across the Middle East if they intervene in Syria, President Bashar al-Assad said, after protesters called for foreign protection from a crackdown in which 3,000 people have been killed.
Assad's warning came ahead of Syrian government talks on Sunday with the Arab League aimed at starting a dialogue between the government and opposition and ending violence which has escalated across Syria in recent days.
Activists said Syrian forces killed more than 50 civilians in the last 48 hours and one activist group said suspected army deserters killed 30 soldiers in clashes in the city of Homs and in an ambush in the northern province of Idlib on Saturday.
Assad's suppression of the seven-month uprising has drawn criticism from the United Nations and Arab League. Western governments have called on him to step down and imposed sanctions on Syrian oil exports and state businesses.
Western countries "are going to ratchet up the pressure, definitely," Assad told Britain's Sunday Telegraph newspaper.
"But Syria is different in every respect from Egypt, Tunisia, Yemen. The history is different. The politics is different."
"Syria is the hub now in this region. It is the fault line, and if you play with the ground you will cause an earthquake."
WESTERN STANCE
NATO military intervention in Libya played a decisive role in toppling Muammar Gaddafi, the third Arab leader to be overthrown after the revolutions in Tunisia and Egypt.
Western nations have shown no appetite to repeat their Libyan operation in Syria, but demonstrators are increasingly calling for a "no-fly zone" over their country.
"Do you want to see another Afghanistan, or tens of Afghanistans?" Assad said. "Any problem in Syria will burn the whole region. If the plan is to divide Syria, that is to divide the whole region."
Since the start of protests in March, Syrian authorities have blamed the violence on foreign-backed gunmen and religious extremists they say have killed 1,100 soldiers and police.
Syria has barred most international media, making it hard to verify accounts from activists and authorities.
But the resilience of the protesters, the determination of authorities to crush dissent and the emerging armed insurgency have combined to make Syria's turmoil one of the most intractable confrontations of this year's Arab uprisings.
Assad, whose father put down an armed Muslim Brotherhood uprising in the city of Hama in 1982, killing many thousands, said the latest crisis was part of the same conflict.
"We've been fighting the Muslim Brotherhood since the 1950s and we are still fighting with them," he said.
Authorities had made "many mistakes" in the early part of the uprising, but he said the situation had now improved and that he had started implementing reform within a week of the troubles erupting in mid-March.
"The pace of reform is not too slow. The vision needs to be mature. It would take only 15 seconds to sign a law, but if it doesn't fit your society, you'll have division," he said.
Assad's opponents say although he lifted emergency law and gave citizenship to thousands of stateless Kurds, his promises of reform ring hollow while security forces kill protesters and arrest thousands of people. They also say protests are driven by a desire for greater freedoms, not by an Islamist agenda.
Friday's shooting of demonstrators prompted Arab ministers to issue their strongest call yet on Assad to end the killing of civilians.
The Arab League's committee on the Syrian crisis sent an "urgent message to the Syrian government expressing its severe discontent over the continued killing of Syrian civilians."
A source at Syria's Foreign Ministry, quoted by state media, said the Arab League statement was "based on media lies" and urged the committee to "help restore stability in Syria instead of stirring sedition."
An Arab League ministerial group is due to meet Syrian officials on Sunday in Qatar to press for dialogue between the government and opposition.
Syria, a majority Sunni Muslim nation of 20 million people, is dominated by Assad's minority Alawite sect, an offshoot of Shi'ite Islam.
Aware of potentially seismic geopolitical implications if Assad were to fall, leaders in the mostly Sunni Arab world have been cautious about criticising the Syrian president as they struggle with domestic challenges to their own rule.
Sunni ascendancy in Syria could affect Israel and shake up regional alliances. Assad strengthened ties with Shi'ite Iran while also upholding his father's policy of avoiding conflict with Israel on the occupied Golan Heights frontier.
Syria has barred most international media, making it hard to verify accounts from activists and authorities.
(Additional reporting by David Milliken in London; Editing by Ralph Gowling)
Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111030/wl_nm/us_syria
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Going off-the-cuff, Romney does himself few favors (AP)
WASHINGTON ? Mitt Romney may need a censor. For himself.
In the last few weeks in Nevada, the man who owns several homes told the state hit tough by the housing crisis: "Don't try and stop the foreclosure process. Let it run its course and hit the bottom."
At one point in Iowa, earlier this year, the former venture capitalist uttered, "Corporations are people," with the country in the midst of a debate over Wall Street vs. Main Street. At an event in economically suffering Florida, the retiree ? who is a multimillionaire many times over ? said, "I'm also unemployed."
Over the past year, the Republican presidential candidate has amassed a collection of off-the-cuff comments that expose his vulnerabilities and, taken together, could reinforce a perception that he's an out-of-touch elitist who lacks a core set of beliefs.
So far, the foot-in-mouth remarks haven't seemed to affect his standing in the nomination race.
Romney has run a far more cautious and disciplined campaign than his losing bid of four years ago. He's kept the focus on his core message: He's the strongest candidate able to beat President Barack Obama on the biggest issue of the campaign, the economy. He still enjoys leading positions in public opinion polls in early primary states and across the nation. Few, if any, of the other Republicans in the race have turned his remarks against him.
Texas Gov. Rick Perry, Romney's chief rival with the money to prove it, is all but certain to try. Perry has already started suggesting that Romney lives a life of privilege while he comes from humble roots. And Romney's eyebrow-raising comments are tailor-made for critical TV ads.
Look no further than the Democratic Party and Obama's advisers for proof of that.
Each time Romney says something that makes even his closest aides grimace, Democrats quickly put together a Web video highlighting the remark ? a preview of certain lines of attack come the general election should the former Massachusetts governor win the nomination.
"Mitt Romney's message to Arizona? You're on your own," says a new ad by the Democratic National Committee that jumps on Romney's foreclosure remarks.
Romney's team publicly dismisses their boss's occasional loose lips, dismissing them as inconsequential to voters focused on an unemployment rate hovering around 9 percent.
"It's a long campaign and at the end of the day people are going to judge Gov. Romney and his ability to take on President Obama over jobs and the economy. And certainly there will be a lot of back and forth as the campaign progresses," said Russ Schriefer, a Romney strategist.
"This election will be decided on big issues because the issues are so big and so important," Schriefer said. "And not on a gaffe or a mistake or a moment, any particularly moment. It's more about the big moments and who voters see and being able to turn the economy around."
It usually takes more than one gaffe or one mistake to undo a campaign. And other candidates have made their own potentially problematic comments.
Take, for instance, Herman Cain's assertion that the Wall Street protesters are in the streets to distract from Obama's record: "If you don't have a job and you're not rich, blame yourself." Or Perry's suggestion that Federal Reserve Chairman Ben Bernanke is "almost treasonous": "If this guy prints more money between now and the election, I don't what y'all would do to him in Iowa, but we would treat him pretty ugly down in Texas." Or former House Speaker Newt Gingrich explaining his infidelity: "There's no question at times of my life, partially driven by how passionately I felt about this country, that I worked far too hard and things happened in my life that were not appropriate."
But a string of unforced errors, when combined, can reinforce unfavorable perceptions of the candidate, as Romney aides privately acknowledge. And that's the trouble Romney faces ? just as John Kerry damaged himself when he racked up a series of equivocating comments on a series of issues while the Democratic nominee in 2004.
President George W. Bush's re-election campaign used Kerry's waffling ? conflicts between his votes and his quotes ? to cast him as an opportunist who would shift his positions to win votes.
Romney gave his critics a similar opening over the past few days. In Ohio, he refused to say whether he would support a local ballot initiative even as he visited a site where volunteers were making hundreds of phone calls to help Republicans defeat it. Issue Two would repeal Ohio Gov. John Kasich's restrictions on public sector employee bargaining.
It turned out that Romney had already weighed in, supporting Kasich's efforts in a June Facebook post. And, a day after the Ohio visit, Romney made clear where he stood, saying he was "110 percent" behind the anti-union effort.
There have been other instances of comments that could come back to haunt him. In Arizona at one point, he tried to highlight his father's role running an auto company but inadvertently painted himself as a have, rather than a have not.
"See, I'm a Detroit guy, so, you know, I only have domestics," he said, then added: "I have a couple of Cadillacs, at two different houses. You know, small crossovers."
During a recent debate, Romney suggested that the discovery of illegal immigrants working on his yard during his first presidential campaign was a problem ? not because it was illegal, but because "I'm running for office, for Pete's sake."
Comments like those could partly explain why Romney has kept a limited public schedule and favors closed events and appearances that play down spontaneous interaction with reporters.
Still, in some ways, the damage may already have been done. Expect to hear Romney's impolitic comments frequently as Republicans and Democrats alike try to derail Romney.
__
Associated Press writer Beth Fouhy in Boston contributed to this report.
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