Thursday, November 24, 2011

Campbell Soup 1st-quarter net income falls

(AP) ? Campbell Soup Co. says fiscal first-quarter net income fell 5 percent as price increases were not enough to offset lower volume in its soup and beverage businesses.

Still, net income results came in better than expected. Campbell says it is working to stabilize its U.S. soup business.

The Camden, N.J.,-based company is trying to regain lost ground after several years of declining soup sales. Shoppers have curbed their soup consumption, stopped stocking pantries or shifted to competitor's brands.

Net income fell to $265 million, or 82 cents per share, in the quarter ended Oct. 30, from net income of $279 million, or 82 cents per share, last year.

Analysts polled by FactSet expected 79 cents per share.

Revenue was nearly flat at $2.16 billion. Analysts expected revenue of $2.21 billion.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-11-22-US-Earns-Campbell-Soup/id-79e7a55f57bb482bbb142e5ee8224dbc

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Wednesday, November 23, 2011

'Dancing With The Stars': Rob Kardashian Leads Final Round

LOS ANGELES ? Rob Kardashian swung to the top of the "Dancing with the Stars" leaderboard Monday.

The 24-year-old reality TV star and his professional partner, Cheryl Burke, waltzed ahead of the competition on the ABC ballroom contest's final dance-off. Kardashian and Burke nabbed a combined 57 out of a possible 60 for a breezy waltz and dizzying swing-era freestyle routine that garnered Kardashian his first perfect 30 of the season.

"Never would I ever have thought that I'd get a perfect score, and we did it with the hardest freestyle," he said.

U.S. Army veteran J.R. Martinez and TV personality Ricki Lake tied for second place with 54. Lake remained consistent with a 27 for both her cha-cha and a freestyle number that incorporated everything from quickstep to salsa moves, while Martinez earned a 24 for a so-so cha-cha before winning a perfect 30 for his high-energy salsa-inspired freestyle.

"It was a like a jungle tribal hypnotic experience," judge Bruno Tonioli told Martinez.

Lake and partner Derek Hough have been front-runners throughout the show's 13th season, consistently earning high marks from the judges. Martinez and partner Karina Smirnoff have also ranked high with the panel, occasionally topping the leaderboard. Kardashian has experienced steady growth under Burke and may have peaked at just the right moment.

"You're like the male version of Cinderella who made it to the ball," judge Carrie Ann Inaba told him.

The scores will be combined with viewer votes to determine the champion Tuesday.

Previously dismissed contestants include actor David Arquette, activist Chaz Bono, soccer player Hope Solo, singer Chynna Phillips, actress Elisabetta Canalis, basketball player Metta World Peace and TV personalities Kristin Cavallari, Carson Kressley and Nancy Grace.

___

ABC is owned by The Walt Disney Co.

___

AP Entertainment Writer Sandy Cohen contributed to this report. Derrik J. Lang and Sandy Cohen can be reached at and .

Links:


___

Online:

http://abc.go.com/shows/dancing-with-the-stars

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Source: http://www.huffingtonpost.com/2011/11/21/dancing-with-the-stars-ro_n_1106696.html

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Egypt crowds chant rejection of election plan

Egypt's military leader promised to speed the transition to civilian rule, saying Tuesday that presidential elections will be held by the end of June 2012. But the major concession was immediately rejected by tens of thousands of protesters in Cairo's Tahrir Square, who responded with chants of "Leave, leave!" now.

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Late Tuesday, tear gas was pouring into Tahrir Square but dissipated in about 10 minutes, according to tweeted reports by NBC's News' Richard Engel.

The protests continued hours after Field Marshal Hussein Tantawi vowed that landmark parliamentary elections will start on schedule on Monday, the first vote since longtime authoritarian leader Hosni Mubarak was ousted in an uprising nine months ago. And he said the military was prepared to hold a referendum on immediately transferring power to a civilian authority if people demand it.

Tantawi said he has accepted the resignation of Prime Minister Essam Sharaf's civilian government and politicians who attended a 5-hour crisis meeting with the ruling generals said the military intended to replace Sharaf's cabinet with a "national salvation" government. It was not clear who might head the new Cabinet, but names of a couple presidential hopefuls were mentioned.

"Our demands are clear," said Khaled El-Sayed, a protester from the Youth Revolution Coalition and a candidate in the upcoming parliamentary election. "We want the military council to step down and hand over authority to a national salvation government with full authority." He also demanded that the commander of the military police and the Interior Minister, who is in charge of the police, be tried for the "horrific crimes" of the past few days, when 29 people were killed in clashes, most of them in Cairo.

The standoff culminated four days of clashes and demonstrations around the country that have constituted the most sustained challenge so far to nine months of military rule. It plunges the country deeper into a crisis that may only hamper the democratic transition the protesters are fighting for.

Slideshow: Violent clashes in Egypt (on this page)

In Tahrir Square, the atmosphere was reminiscent of the 18-day uprising that toppled Mubarak, with jubilation over the large turnout mixed with the seething anger directed at the military. On Tuesday, the protesters had called for a million people to turn out and drew a massive crowd of tens of thousands.

The crowds carried an open wooden coffin with a body of a slain protester wrapped in white and held a funeral in the middle of the square.

A stuffed military uniform was hung from a central light pole with a cardboard sign on its neck saying "Execute the field marshal," a reference to Tantawi, Mubarak's defense minister of 20 years. People cheered when the effigy was hung and state television showed some hitting it with sticks or shoes.

Men in the square opened a corridor in the middle of the crowds and formed a human chain to keep it open, giving easy access to motorcycles and ambulances ferrying the wounded to several field hospitals in the square.

Sweet smells of popcorn and cotton candy mingled with tear gas and burning garbage.

As night fell on the square, thousands streamed in over a bridge across the Nile river. Men and women carrying blankets and boxes of supplies chanted: "Down with the field marshal."

The latest round of unrest began Saturday when security forces violently evicted a few hundred protesters who camped out in Tahrir. The perceived use of excessive force angered activists, who began to flock to the square. A joint army and police attempt to clear the square on Sunday evening failed, leaving protesters more determined to dig in there.

The clashes played out amid charges that the military was trying to cling on to power after an elected parliament is seated and a new president elected. The military recently proposed that a "guardianship" role for itself be enshrined in the next constitution and that it would enjoy immunity from any civilian oversight.

Further confusing the political situation, the military-backed civilian government on Monday submitted a mass resignation in response to the turmoil.

In his brief televised address to the nation, Tantawi did not mention a specific date for the transfer of power, although the presidential election has long been considered the final step in the process. The military has previously floated the end of next year or early 2013 as the date for the presidential vote.

"The armed forces, represented by the Supreme Council of the Armed Forces, has no desire to rule and puts the country's interests above all. It is ready to hand over responsibility immediately and return to its original duty of defending the country if the people want that and through a public referendum if it is necessary," he said.

Tantawi sought to cast the military as the nation's foremost patriots and angrily denounced what he called attempts to taint its reputation.

But he hinted at conspiratorial plots behind the protests, much like Mubarak did in his final days.

He spoke of forces "who are working in the dark to incite sedition and drive a wedge between the people and the Armed Forces or between different segments of the Egyptian people."

"At the end we will hand over power to an elected civil authority," Tantawi said, but he did not offer to step down. The crowd in Tahrir Square responded with chants of, "the people want the fall of the Field Marshal."

The crowds in Tahrir immediately rejected Tantawi's proposals with chants of "erhal," or leave.

"We are not leaving, he leaves," chanted the protesters. "The people want to bring down the field marshal," they shouted.

A youth group that played a key role in the anti-Mubarak uprising said it decided to remain in the square until the military handed over power to a civilian presidential council to run the country's affairs. Beside a representative of the military, the council should include pro-reform leader and Nobel Peace laureate Mohamed ElBaradei, said the April 6 group.

"The military council has failed to manage the transitional period, and the generals' hands are tainted by the blood of the nation's youth and have been collaborating with the counterrevolution," the group said in a statement.

Others in the square said the referendum was just a ploy to divide people.

American students arrested
Three American students at the American University of Cairo, which sits on Tahrir Square, were arrested outside the university's campus Monday night, Morgan Roth, a spokeswoman for the university, told NBC News.

She did not specify whether any charges had been filed or what any charges may be, but she named the three students as Luke Gates, an Indiana University student from Bloomington, Indiana; Gregory Porter, a Drexel University student from Glenside, Pennsylvania; and Derrik Sweeney, a Georgetown University student from Jefferson City, Missouri.

The three were on a study abroad program with the American University of Cairo.

They were being held at the Abdeen police station in Cairo, NBC reported.

Egyptian television said that they had been arrested after being seen throwing fire bombs from the roof of a building owned by the American University of Cairo, NBC News' Richard Engel reported.

George Gates, the father of a 21-year-old Luke Gates, also confirmed to NBC that his son had been arrested "sometime late last night," and said the family was in contact with the Department of State.

On what appears to be Luke Gates' Twitter feed, Gates lists his location as Cairo, Egypt and makes references to being in Tahrir Square.

His last post, dated Monday, November 21, read, "reports of tear gas being fired from AUC campus on Tahrir, university officials have started investigating."

An airport official also said a U.S. citizen who had been arrested while allegedly filming security forces at Tahrir Square was deported Tuesday to the United Arab Emirates from which he had arrived.

State television showed brief footage of the three students, males who appeared to be in their early 20s.

The new wave of protests and violence around the country that began on Saturday has left 29 dead and has thrown Egypt's politics into chaos less than a week before landmark parliamentary elections were to begin.

"The army is making the same mistake as Mubarak. They hear the demands but respond when it's too late," said protester Mustafa Abdel-Hamid, a supporter of the Muslim Brotherhood who came to Tahrir even though his movement has not endorsed the protests over the past four days.

Battered economy
Egypt's military has been backed into a difficult corner. Protesters are demanding it surrender the reins of power ? or at least set a firm date in the very near future for doing so soon. Without that, few civilian political leaders are likely to join a new government for fear of being tainted as facades for the generals, as many consider the current Cabinet.

The political uncertainty and prospect of continued violence dealt a punishing blow to an already battered economy.

Egypt's benchmark index plunged more than 5 percent, the third straight day of declines. Banks closed early and many workplaces sent employees home ahead of schedule for fear of a deterioration in security.

Several main roads were closed to traffic, adding to Cairo's already congested streets.

'Deplorable' violence
The United States, which gives Egypt's military $1.3 billion a year in aid, has called for restraint on all sides and urged Egypt to proceed with elections.

"We are deeply concerned about the violence. The violence is deplorable. We call on all sides to exercise restraint," White House spokesman Jay Carney told reporters Tuesday.

Political uncertainty has gripped Egypt since Mubarak's fall, while sectarian clashes, labor unrest, gas pipeline sabotage and a gaping absence of tourists have paralyzed the economy and prompted a widespread yearning for stability.

Meanwhile, rights group Amnesty International accused Egypt's rulers on Tuesday of brutality sometimes exceeding that of Mubarak, saying the hopes of protesters had been "crushed."

The group said Egypt's Supreme Council of Armed Forces (SCAF) ? which assumed control after an 18-day uprising toppled Mubarak in February ? had made only empty promises to improve human rights.

In a report, Amnesty said military courts had tried thousands of civilians and emergency law had been extended. Torture had continued in army custody, and there were consistent reports of security forces employing armed "thugs" to attack protesters, it added.

"The SCAF has continued the tradition of repressive rule which the January 25 demonstrators fought so hard to get rid of," said Philip Luther, Amnesty's Middle East and North Africa acting director.

"Those who have challenged or criticize the military council ? like demonstrators, journalists, bloggers, striking workers ? have been ruthlessly suppressed in an attempt at silencing their voices ... The brutal and heavy-handed response to protests in the last few days bears all the hallmarks of the Mubarak era."

By August, Amnesty said the military council admitted about 12,000 civilians had been tried by military courts and at least 13 sentenced to death. The trials were "grossly unfair", said the rights group.

NBC News, The Associated Press and Reuters contributed to this report.

Source: http://www.msnbc.msn.com/id/45398123/ns/world_news-mideast_n_africa/

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'The Fink' talks Survivor Series

Survivor Series 2011 will always be remembered as the night that The Rock returned to the ring, put ?boots to asses? and proved that after seven years, he?s still got it.

However, another WWE Legend received a huge ovation from the WWE Universe inside Madison Square Garden, a surprise return that reminded the sold-out MSG crowd and millions watching around the world that WWE?s November annual is truly rich in tradition and history. As a counter to Alberto Del Rio?s personal ring announcer, CM Punk revealed his own ring announcer for the evening: WWE Hall of Famer Howard Finkel.

A mainstay of WWE throughout the ?80s and ?90s, the signature voice of ?The Fink? has often garnered him the distinction of being one of the greatest ring announcers in history.

Fink and PunkHearing the legendary announcer introduce ?The Voice of the Voiceless,? and anoint CM Punk as the ?NEWWWW? WWE Champion at Survivor Series was not only an honor for Punk, but a welcome treat for our longtime fans. Furthermore, this was a chance for young fans to hear ?The Voice? that has introduced countless iconic Superstars, including ?Stone Cold? Steve Austin, Hulk Hogan, The Ultimate Warrior, The Undertaker and The Rock.

For The Fink, returning to Madison Square Garden was a night he will never forget. ?This building is hallowed to me,? Fink told WWE.com. ?I have been coming here since January 17, 1977. Each and every time I got in the ring, no matter whom I was introducing or when, I?ve always had fun.?

The WWE Hall of Famer, who served as ring announcer inside Madison Square Garden at the inaugural WrestleMania in 1985, has witnessed many memorable moments in The Garden?s history, though the evening of Nov. 20, 2011, now ranks high for him.

?I?d have to say Survivor Series 2011 will be in my top three favorite Garden moments.? Finkel said with a smile. ?I?ll forever remember it because of the rush I got and the adulation of the WWE Universe in New York City. It meant so much to me because I have always given everything I have when I ring announce. As I said when I was inducted into the WWE Hall of Fame, no matter who I was introducing, I always wanted them to feel as though they were heading into the main event.?

While The Fink was certainly ecstatic about introducing CM Punk, he also mentioned two other Garden moments that have always resonated with him. ?Certainly being a part of the very first WrestleMania in 1985 was phenomenal.? he recalled. ?Also I will always remember my very first announcing duties inside the Garden: January 17, 1977, with the main event of Bruno Sammartino against Ken Patera.?

Fink and AndreHoward has introduced a number of WWE Champions over the years and knows what it takes to wear the prestigious title. ?CM Punk certainly makes a great champion because he is for the people. He is ?The Voice of the Voiceless? and then some. Punk not only wants to represent himself, but many of us in the WWE Universe, and that?s why I think he resonates as a very positive champion.?

And what of the ring announcers that have succeeded him? Ricardo Rodriguez immediately comes to the WWE Hall of Famer's mind.

?Ricardo is lucky he has a meal ticket from Alberto Del Rio, as far as I?m concerned,? Fink expressed. ?I saw Ricardo once in the locker room, and he said to me, ?Howard, you were great in 1990. But this is 2011 and you are no longer relevant.? Well, after the reaction I received at Survivor Series, I truly believe that relevant is my middle name!?

Indeed you are relevant, Howard. And that's more than just the Garden crowd talking.

Source: http://www.wwe.com/inside/howard-finkel-survivor-series

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Google's iOS search app gets a major overhaul, brings instant goodies to iPad users

Dismayed that Google's previous iOS tablet app was merely a thin wrapper around a glorified web view? That duress ends today, as the company's just released a significant overhaul to its mobile search app -- one that, frankly, makes it worthy of your home screen. Headlining the release is the ability to view search results in a slidable tab, enabling you to quickly oscillate between search results and those you've tapped. Also present are instant searches, which pre-load results as you type, and previews which visually display findings in a spiffy carousel. If you're already sold, take it for a spin at the source links below, but before you go, peep the changelog past the break.

Continue reading Google's iOS search app gets a major overhaul, brings instant goodies to iPad users

Google's iOS search app gets a major overhaul, brings instant goodies to iPad users originally appeared on Engadget on Mon, 21 Nov 2011 15:38:00 EDT. Please see our terms for use of feeds.

Permalink AllThingsD  |  sourceGoogle Mobile Blog, Google Search (App Store)  | Email this | Comments

Source: http://www.engadget.com/2011/11/21/googles-ios-search-app-gets-a-major-overhaul-brings-instant-go/

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Tuesday, November 22, 2011

Libya's NTC unveils new government (Reuters)

TRIPOLI (Reuters) ? Libya's National Transitional Council (NTC) named a new government Tuesday with a line-up that dropped several seasoned officials in favor of appointees who will soothe rivalries between regional factions.

On a visit to Tripoli, the International Criminal Court's chief prosecutor conceded that the captured son of Muammar Gaddafi, Saif al-Islam, may be tried in Libya rather than in The Hague, meaning he faces the death penalty if convicted.

The NTC faced the tricky task of forming a government which would reconcile regional and ideological interests whose rivalry threatens to upset the country's fragile stability, three months after the end of Gaddafi's 42-year rule.

"All of Libya is represented," Prime Minister Abdurrahim El-Keib told a news conference as he unveiled the line-up. "It is hard to say that any area is not represented."

Western countries, which backed the revolt against Gaddafi and have a big stake in seeing his replacements succeed, welcomed the new government, saying it would guide the oil exporting country toward democracy.

The NTC's choices to fill ministerial posts appeared to have put regional affiliation ahead of experience or a track record.

Foreign diplomats had been expecting the foreign minister's job to go to Libya's deputy envoy to the United Nations, Ibrahim Dabbashi.

A respected diplomat, he had rallied other Libyan officials to turn against Gaddafi soon after the revolt erupted against his rule.

Instead, the job was given to Ashour Bin Hayal, a little-known diplomat from the eastern city of Derna, a long-standing anti-Gaddafi stronghold.

"Until the prime minister made his announcement, every diplomat in Tripoli was expecting Dabbashi as foreign minister. It's a big surprise," said one diplomat. "We don't know him (Bin Hayal) at all. We are trying to find out where he is."

Ali Tarhouni, a U.S. academic who returned from exile to manage the oil and finance portfolios in the rebellion against Gaddafi, had no role in the new government.

Hassan Ziglam, an oil industry executive, was named as finance minister, and Abdulrahman Ben Yezza, a former executive with Italian oil major ENI, was made oil minister.

The new cabinet will include as defense minister Osama Al-Juwali, commander of the military council in the town of Zintan.

Juwali appeared to have staked his claim to the job after his forces captured Saif al-Islam at the weekend and flew him to their hometown, instead of transferring him to the capital.

A spokeswoman for the European Union's foreign policy chief, Catherine Ashton, said after the Cabinet was named that the EU was "confident that the interim leadership now in place will enable the country to embark on the political transition ahead."

In a symbolic step for Libya, a deeply conservative Muslim society, the cabinet included two women, heading the ministries of health and social affairs. El-Keib said those appointments showed women enjoyed more equality than ever before.

Absent from any strategic jobs in the government were the Islamists who were persecuted under Gaddafi but have been gaining in power since his downfall. Their rise has worried secularist Libyans, and some neighboring countries.

LIBYAN PROSECUTION

A month after Muammar Gaddafi was captured and killed, Libya is wrestling with the task of building new institutions out of the wreckage of his one-man rule, when corruption was rampant and state institutions were left to decay.

Saif al-Islam Gaddafi, the last of the former Libyan leader's sons whose whereabouts were still unknown, was captured Saturday in an ambush deep in the Sahara desert.

An NTC official called his arrest "the last chapter in the Libyan drama."

The Hague-based ICC has indicted Saif al-Islam for crimes against humanity, but chief prosecutor Luis Moreno-Ocampo said on a visit to Tripoli that Saif al-Islam could be tried inside Libya as long as the trial complies with ICC standards.

"Saif is captured so we are here to ensure cooperation. Now in May, we requested an arrest warrant because Libyans could not do justice in Libya. Now as Libyans are decided to do justice, they could do justice and we'll help them to do it, so that is the system," he told reporters on his arrival in Tripoli.

"Our International Criminal Court acts when the national system cannot act. They have decided to do it and that is why we are here to learn and to understand what they are doing and to cooperate."

Libyan officials have promised a fair trial but the country still has the death penalty on its books, whereas the severest punishment the ICC can impose is life imprisonment.

"The law says the primacy is for the national system. If they prosecute the case here, we will discuss with them how to inform the judges and they can do it. But our judges have to be involved," said Moreno-Ocampo.

An official in Zintan told Reuters steps were already underway for Saif al-Islam's prosecution. "A Libyan prosecutor met with Saif (on Monday) to conduct a preliminary investigation," said Ahmed Ammar.

(Additional reporting by Marie-Louise Gumuchian in Tripoli, Alastair Macdonald in Cairo, and Oliver Holmes in Zintan; Writing by Christian Lowe; Editing by)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111122/wl_nm/us_libya

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Brocade Communications Systems Inc. Earnings Cheat Sheet ...

Scottrade: $7 Online Trades. Real-Time Stock Quotes

Brocade Communications Systems Inc. (NASDAQ:BRCD) dropped to a fourth quarter loss, but results topped expectations. Brocade Communications Systems is a supplier of networking equipment, including end-to-end Internet Protocol based Ethernet networking solutions and storage area networking solutions for service providers such as telecommunication firms and cable operators.

Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.

Brocade Communications Systems Earnings Cheat Sheet for the Fourth Quarter

Results: Reported a loss of $4.3 million (one cent per diluted share) in the quarter. Brocade Communications Systems Inc. had a net income of $22.2 million or 5 cents per share in the year earlier quarter.

Revenue: Rose slightly to $550.5 million.

Actual vs. Wall St. Expectations: BRCD reported adjusted net income of 16 cents per share. By that measure, the company beat the mean estimate of 6 cents per share. It beat the average revenue estimate of $527.1 million.

Quoting Management: ?Brocade achieved outstanding results in Q4 that were led by record revenues for our Ethernet business, fast adoption of our 16 Gbps Fibre Channel products, improvements in profitability, and a record cash flow quarter from operations,? said Michael Klayko, CEO of Brocade. ?These strong performances demonstrate that we are executing well on our long-term strategy. Looking at FY 12, we plan to leverage this momentum along with our highly differentiated innovation strategy, expanding product portfolio, and our strong routes to market.?

Key Stats:

The company?s loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $1.9 million in the third quarter, a profit of $27.6 million in the second quarter and $27.2 million in the first.

The company beat estimates last quarter after being in line with expectations in the third quarter with net income of 5 cents per share.

Looking Forward: Expectations for the first quarter of the next fiscal year have not changed from 8 cents. The average estimate for the fiscal year is 29 cents per share, down from 30 cents ninety days ago.

Competitors to Watch: EMC Corporation (NYSE:EMC), Emulex Corporation (NYSE:ELX), NetApp Inc. (NASDAQ:NTAP), Hewlett-Packard Company (NYSE:HPQ), Cisco Systems, Inc. (NASDAQ:CSCO), Western Digital Corp. (NYSE:WDC), QLogic Corporation (NASDAQ:QLGC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), and Quantum Corporation (NYSE:QTM).

Investing Insights: Here?s Why Chipotle?s Stock Keeps Winning.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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Source: http://wallstcheatsheet.com/earnings-trading-markets/brocade-communications-systems-inc-earnings-cheat-sheet-reversing-to-a-loss-following-two-consecutive-quarters-of-profit.html/

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