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Cyprus bailout rattles marketsNEW YORK

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PostWysłany: Pon 23:46, 02 Gru 2013    Temat postu: Cyprus bailout rattles marketsNEW YORK

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Cyprus bailout rattles marketsNEW YORK, March 18 () -- U.S. stocks closed lower Monday on news that a bailout for Cyprus included a tax on bank deposits."This morning the news is all about Cyprus, the home to 'dirty money' with an estimated $18 billion of Russian and other mafia money on deposit," Jeffrey Saut, chief investment strategist at Jeffrey James & Associates, said in a note to clients, MarketWatch reported.The New York Times reported the plan is still up in the air. Cypriot President Nicos Anastasiades has delayed a parliamentary vote on the bailout for a second time, because he is having difficulty finding support for the proposal.By close of trading Monday, the Dow Jones industrial average lost 21.73 points, or 0.15 percent, to 14,492.38.The Nasdaq dipped 4.96 points, or 0.15 percent, to 3,244.11.The Standard and Poor's 500 dropped 4.85 points, or 0.31 percent, to 1,555.85.On the New York Stock Exchange, 1,280 stock advanced and 1,770 declined on a volume of 2.2 billion shares traded.Ten-year U.S. treasury bonds rose 10/32 to yield 2.023 percent.Against the dollar,[url=]Christian Louboutin Discount[/url], the euro was at $1.2954 from Friday's $1.2907. Against the yen, the dollar was higher at 95.43 yen from 94.36 yen.In Tokyo, the Nikkei 225 shed 340.32 points, 2.71 percent,[url=]cheap gucci shoes[/url], to 12,220.63.In London, the FTSE 100 index shed 0.49 percent, 31.73 points, to 6,457.92. Navy halts commercial flights to CubaMIAMI, March 18 () -- The U.S. Navy has ordered a commercial flight service to cease flights to Guantanamo Bay, Cuba, citing a long overlooked regulation.Capt. John Nettleton ordered the Florida flier IBC Travel to quit service to the naval base by April 5, although the Navy had given them until May 1 to comply with its directive, The Miami Herald reported Monday.Commercial flights from one small service or another have made the trips to and from Guantanamo since the 1980s, the newspaper said.However, "after a detailed review of Federal Regulations it has been brought to the attention of the installation commanding officer that allowing IBC Airways to operate out of NS Guantanamo Bay is a violation of regulation 32CFR766," a spokeswoman for the base Kelly Wirfel said in an email.Wirfel said lawyers, journalists and Red Cross volunteers can fly to the base on the weekly military flight from Andrews Air Force base near Washington, D.C. Permission to take the flight must come from the Defense Department's Office of Military Commissions, she said.Civilian workers at the base can fly to Guantanamo for a fee on a military shuttle between Jacksonville, Fla., and Norfolk, Va., the newspaper said.The base is famously home to 166 military prisoners, who were granted access to legal representation by the Supreme Court in 2004."Of late, the Defense Department has been trying to restrict lawyers' access to imprisoned clients who do not have pending cases, it has been violating the attorney-client privilege, and now it is eliminating the only non-military route to Guantanamo," said attorney Ramzi Kassem, who visits the base frequently to visit with clients.regularly to meet detainees."Having no other options doesn't just harm the prisoners and their lawyers. It also hurts workers, service members and their loved ones," Kassem said. Court says Opus Dei does not own its nameCOPENHAGEN, Denmark, March 18 () -- A court in Denmark ruled game producer Mark Rees-Anderson could use the phrase "Opus Dei," despite objections from the Catholic Church.The Catholic organization Opus Dei, which means "God's work," filed suit against Mark Rees-Anderson, producer of the game "Opus Dei – Existence After Religion," which is a philosophy-themed card game, the Copenhagen Post reported Monday.The court ruled that the card game and the mission of the Opus Dei religious group were so different that it would do no harm to the organization.The group had claimed it owned exclusive rights to the phrase in many country's, including countries of the European Union.They claimed that Rees-Andersen must have known the phrase was connected to the church, because he had read the bestseller "The Da Vinci Code," by Dan Brown that featured the organization in the story.But the defendant claimed, "Opus Dei is a common concept that no one can claim the rights to, just as you cannot demand exclusive rights to Jesus Christ, God or the Virgin Mary."The court ruled for the defendant and ordered Opus Dei to pay Rees-Anderson about $8,000 to cover legal fees. The producer's attorneys said they believed Opus Dei's real intention was to bankrupt their client, the newspaper said. Michael J. Roarty, advertising exec., diesST. LOUIS, March 18 () -- Michael J. Roarty, whose advertising acumen turned him into a minor celebrity in the United States and Ireland, has died, his family said. He was 84.Roarty died Saturday, the day after suffering a heart attack, his family said.The St. Louis Post-Dispatch reported Monday Roarty was known locally in Detroit as "Mr. Budweiser" in the early 1950s when he had a job selling and promoting beer to neighborhood taverns and stores in the Motor City.It was a nickname he could keep. Years later, he became the top marketing executive at Anheuser-Busch, where his marketing skills helped the brewer push its U.S. market share from 21 percent to 43 percent.Roarty was the executive behind nationally familiar advertising campaigns, such as, "Weekends were made for Michelob," and "This Bud's for you," the newspaper said.He is also credited with initiating the "Know when to say when," campaign that promoted safe drinking. "Perhaps the single most inspired thing Mike did was invest in the future of his industry by addressing the problem of alcohol abuse proactively," DDB Needham Worldwide advertising executive Keith Reinhard says in a video shown on the Advertising Hall of Fame Web site.Roarty was inducted into the Advertising Hall of Fame in 1994. Through his work pushing the brewer to expand its presence in sports advertising, including an early commitment to the sports network ESPN, Roarty in 1993 was named the sixth most powerful figure in U.S. sports by The Sporting News.As the son of Irish immigrants, Roarty maintained an active involvement in the Irish-American community.Irish American Magazine in 1991 gave him the title of Irish-American of the Year. Three years later, he was the grand marshal in the St. Patrick's Day Parade in Dublin, an honor bestowed at that time to only three other Americans.

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