Friday, December 30, 2011

Putin resists rerun; Kremlin ideologist out (AP)

MOSCOW ? Facing a swelling wave of public anger over fraud-tainted elections, Prime Minister Vladimir Putin on Tuesday rejected demands for a rerun of the vote, while the Kremlin reassigned the architect of his tightly controlled political system to a job with no apparent domestic political duties.

The order by President Dmitry Medvedev to make Vladislav Surkov a deputy prime minister in charge of economic modernization was variously interpreted as a sign that leaders recognize the need for significant reform and as a cosmetic move with little meaning.

Allegations of fraud in the Dec. 4 national parliamentary election sparked a wave of protests unprecedented in post-Soviet Russia, including two vast rallies in Moscow that attracted tens of thousands. Putin, who was president in 2000-2008, seeks to return to the Kremlin in elections in March, and the protests have undermined his image as the inevitable winner.

Putin and Medvedev have sought to dilute the protests by rolling out a set of proposed political reforms, but have firmly resisted the protest leaders' main demand that the parliament elections be annulled and rerun. Opposition forces also say the proposed reforms are too little and too late.

In a meeting with supporters Tuesday, Putin again took a tough line on the election, saying "there can't be any talk about reviewing it" ? a position likely to lead to more protests.

The protesters have not only denounced the elections, but the entire so-called "managed democracy" political system implemented under Putin, under which parties that do not take their cues from the Kremlin or United Russia have been forced to the far sidelines.

Surkov, whose formal title had been deputy chief of the presidential administration, was seen as the developer of that system. He also is believed to be the creator of the intensely pro-Putin Nashi youth movement despised by the opposition.

Former Finance Minister Alexei Kudrin, a close Putin associate, was quoted by the state news agency RIA Novosti as saying The decision about the departure of Surkov, which I understand was made by Putin and Medvedev, is a very serious order for the renovation of the political system."

But in the view of Mikhail Prokhorov, the tycoon and New Jersey Nets owner who plans to run against Putin in March, "what happened today is no more than the moving of people from one office to another."

Putin on Tuesday urged his supporters to ensure fairness of the presidential vote to prevent any possible criticism, and discussed details of his proposal to put web cameras at all polling stations. He also suggested that all ballot boxes be made transparent.

"As a candidate, I don't need any vote-rigging," Putin said. "I want the election to be maximally transparent. I want to rely on people's will."

Alexei Navalny, an anti-corruption lawyer and popular blogger who has been a key driving force behind the latest protests, vowed that up to a million demonstrators would take to the streets before the presidential election.

Although Putin is seen as still the strongest candidate in the presidential elections, recent polls suggest his support his not enough to win an outright victory in the first round.

His United Russia party retained a slim majority in parliament in the December elections, but lost about 25 percent of its seats. The party's electoral performance, which protesters say would have been even weaker in an honest count, has galvanized opposition forces that were long marginalized under Putin.

___

Vladimir Isachenkov in Moscow contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111227/ap_on_re_eu/eu_russia_putin

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Thursday, December 29, 2011

Leaked memo details Verizon's $2 fee for paying your bill; autodraft or ACH the only way out

A couple of years back, AT&T offered select customers a $25 prepaid MasterCard to switch their billing over to autodraft. Soon, Verizon Wireless will be following Sprint's footsteps and charging you for every month that you aren't using that very system. Tactical differences aside, the leaked memo shown above details what has to be one of the most consumer-unfriendly policy changes since the carrier boosted its early termination fee for "advanced devices." Effective January 15th, any customer that opts to pay their wireless bill online or over the phone will be charged an extra $2 each month, and the only way to sidestep it is to sign up for AutoPay or to pay by electronic check, where there's no credit card fee passed on to the carrier.

For those unaware, AutoPay automatically drafts the most recent amount from either a linked checking / savings account or a credit card on file, and while we can understand VZW's desire to better control when it's getting paid, charging customers to make it happen is just downright ludicrous. Here's a thought, Verizon: enforce stricter penalties on late payments, or just offer those that shift to AutoPay a small discount for going out of their way to make your life a little easier. Or, you know, for all those hours that your network has been down during the holidays.

Leaked memo details Verizon's $2 fee for paying your bill; autodraft or ACH the only way out originally appeared on Engadget on Thu, 29 Dec 2011 09:31:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/29/leaked-memo-details-verizons-2-fee-for-paying-your-bill-autod/

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Wednesday, December 28, 2011

London Markets: U.K. stocks climb, but bank shares decline

By Clare Hutchison, MarketWatch

LONDON (MarketWatch) ? British stocks moved mostly higher on Wednesday as trading resumed following an extended holiday break.

The FTSE 100 /quotes/zigman/3173262 UK:UKX +0.56% ?rose 0.6% to 5,543.57.

Sears to close up to 120 stores

Sears will close about 120 stores in a bid to revitalize its business. The shares fell 27% in reaction. Photo: Getty Images

The benchmark index climbed 1% in Friday?s session, claiming its first weekly gain in three weeks. London markets were closed Monday and Tuesday.

Retail giant Tesco PLC /quotes/zigman/156634 UK:TSCO +2.43% ?gained 2.6% on Wednesday. Competitors J Sainsbury PLC /quotes/zigman/350043 UK:SBRY +0.54% ?and Wm. Morrison Supermarkets PLC /quotes/zigman/155311 UK:MRW +0.50% ?were also up, adding 0.8% and 0.6% respectively.

Media reports suggest the retail sector has been boosted by post-Christmas shopping as bargain hunters rushed back to the U.K.?s high streets to snap up heavily discounted goods.

Tobacco higher, oil off

Gains for tobacco firms lifted the market. British American Tobacco PLC /quotes/zigman/218491 UK:BATS +2.22% ?was up 2.2%, while Imperial Tobacco Group PLC /quotes/zigman/167179 UK:IMT +1.88% ?advanced 1.8%.

Beverage makers opened strongly for the second day running, with Diageo PLC /quotes/zigman/208874 UK:DGE +1.59% ?adding 1.6% and SABMiller PLC /quotes/zigman/244740 UK:SAB +1.30% ?climbing 1.4%.

Television company ITV PLC /quotes/zigman/337392 UK:ITV +3.26% ?was the biggest climber, adding 3.3% on Wednesday.

Oil companies suffered in early trade as crude oil prices dipped. Nymex crude fell 63 cents to trade at $100.71 a barrel.

/quotes/zigman/7218774 EVR 378.50, -13.90, -3.54%

AMEC PLC /quotes/zigman/152048 UK:AMEC -0.61% ?and Petrofac Ltd. /quotes/zigman/391992 UK:PFC -1.24% ?declined 0.3% and 1.2% respectively.

Most of Britain?s major banks pulled back on Wednesday. Lloyds Banking Group PLC /quotes/zigman/126322 UK:LLOY -1.52% ? /quotes/zigman/255656/quotes/nls/lyg LYG -0.65% ?shed 1.2%, Royal Bank of Scotland Group PLC lost 1.5% /quotes/zigman/155978 UK:RBS -1.76% ? /quotes/zigman/530544/quotes/nls/rbs RBS -1.08% ?, and Barclays PLC /quotes/zigman/301787 UK:BARC -1.84% ? /quotes/zigman/152323/quotes/nls/bcs BCS -1.77% ?was down 1.4%.

HSBC Holdings PLC /quotes/zigman/13843 UK:HSBA +0.58% ?and Standard Chartered PLC /quotes/zigman/22532 UK:STAN +1.58% ?bucked the trend. Shares in HSBC increased by 0.8% and Standard Chartered rose 1.9%.

Shares in International Consolidated Airlines Group SA /quotes/zigman/3670411 UK:IAG -1.19% ?fell 1.3% a day ahead of a walkout by pilots from the company?s Iberia airline. Media reports estimate the strike action could see 36% of flights cancelled.

Mining firm Evraz PLC /quotes/zigman/7218774 UK:EVR -3.54% ?fell 3.8% after the company announced the closing of a credit facility for its U.S. and Canadian subsidiaries.

Other mining stocks lost ground after copper prices fell in London, as investors reacted to Japanese data that showed factory output has slowed in the country.

Xstrata PLC /quotes/zigman/300486 UK:XTA -1.06% ?dropped 0.9%, while Glencore International PLC /quotes/zigman/5131911 UK:GLEN -0.87% ?shares fell 0.8%.

Outside the benchmark, London Stock Exchange Group PLC /quotes/zigman/409946 UK:LSE +0.57% ?shares gained 0.8%. The exchange reported Wednesday that fiscal 2012 first-half pretax profit rose 79%.

/quotes/zigman/3173262

Volume: 0.00

Dec. 28, 2011 1:08p

/quotes/zigman/156634

Volume: 5.97M

Dec. 28, 2011 1:08p

/quotes/zigman/350043

Volume: 707,119

Dec. 28, 2011 1:07p

/quotes/zigman/155311

Volume: 1.73M

Dec. 28, 2011 1:08p

/quotes/zigman/218491

Volume: 1.02M

Dec. 28, 2011 1:08p

/quotes/zigman/167179

Volume: 347,198

Dec. 28, 2011 1:08p

/quotes/zigman/208874

Volume: 1.06M

Dec. 28, 2011 1:06p

/quotes/zigman/244740

Volume: 327,385

Dec. 28, 2011 1:08p

/quotes/zigman/337392

Volume: 3.24M

Dec. 28, 2011 1:07p

/quotes/zigman/152048

Volume: 218,230

Dec. 28, 2011 1:07p

/quotes/zigman/391992

Volume: 213,336

Dec. 28, 2011 1:04p

/quotes/zigman/126322

Volume: 35.81M

Dec. 28, 2011 1:08p

/quotes/zigman/255656/quotes/nls/lyg

Volume: 2.05M

Dec. 27, 2011 4:02p

/quotes/zigman/155978

Volume: 16.15M

Dec. 28, 2011 1:08p

/quotes/zigman/530544/quotes/nls/rbs

Volume: 234,476

Dec. 27, 2011 4:01p

/quotes/zigman/301787

Volume: 7.90M

Dec. 28, 2011 1:08p

/quotes/zigman/152323/quotes/nls/bcs

Volume: 2.95M

Dec. 27, 2011 4:01p

/quotes/zigman/13843

Volume: 9.46M

Dec. 28, 2011 1:08p

/quotes/zigman/22532

Volume: 902,250

Dec. 28, 2011 1:08p

/quotes/zigman/3670411

Volume: 1.43M

Dec. 28, 2011 1:03p

/quotes/zigman/7218774

Volume: 526,575

Dec. 28, 2011 1:08p

/quotes/zigman/300486

Volume: 2.39M

Dec. 28, 2011 1:07p

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Volume: 1.15M

Dec. 28, 2011 1:06p

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Volume: 78,102

Dec. 28, 2011 1:03p

Clare Hutchison is a MarketWatch reporter, based in London.

Source: http://www.marketwatch.com/news/story.asp?guid=%7B402f92b2-3132-11e1-80df-002128040cf6%7D&siteid=rss

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