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Sunday, January 8, 2012
Saturday, January 7, 2012
Calif. GOP congressman won't seek re-election (AP)
LOS ANGELES ? U.S. Rep. Elton Gallegly, who has represented California's Ventura County for 25 years, said Saturday he won't seek re-election and will retire at the end of the current Congress.
New maps approved last year by the state's independent redistricting commission had placed the 67-year-old Gallegly in the same district as Rep. Howard "Buck" McKeon, a fellow Republican who is chairman of the House Armed Services Committee.
Gallegly could have taken on McKeon or tried to win an adjacent district that is decidedly more Democratic and Latino.
Instead, he announced in a written statement that he and his wife are looking forward to spending more time with their family and friends.
"Working with our country's leadership on a daily basis in striving to move toward a better, stronger and more vibrant America for more than two decades has been a dream come true," Gallegly said. "The decision to step aside at this time did not come lightly."
A former real estate broker, Gallegly was elected to Simi Valley's City Council in 1979 and later became the city's mayor. He ran for Congress in 1986 and was re-elected 12 times. He now serves as the chairman the Judiciary Committee's Subcommittee on Immigration Policy and Enforcement and as vice chairman of the Foreign Affairs Committee,
Gallegly said last year he didn't understand the logic behind some of the California Citizens Redistricting Commission's moves in determining which communities landed in which districts.
Voters approved the citizen-led commission to create California's legislative and congressional districts in response to decades of gerrymandering by lawmakers that preserved districts for incumbents and the parties.
"As bad as the process has been in the past, at least the politicians that were drawing the lines had to stand up and be accountable for them," Gallegly said in June. "At this point, the commissioners don't."
Rep. Pete Sessions of Texas, who chairs the National Republican Congressional Committee, praised Gallegly's service on Capitol Hill.
"Elton has helped make America safer through his tireless work for national security, border security, and support for the military and veterans in his district and around the world," he said in a statement.
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Japan retailer Seven & I Q3 profit rises, Aeon falls (Reuters)
TOKYO (Reuters) ? Japan's Seven & I Holdings posted a rise in third-quarter profit on Friday as strong post-quake demand for food and consumer goods continued to boost earnings of Japanese general retailers, although Aeon Co's earnings undershot strong year-earlier results.
Many Japanese retailers are poised to earn record profits in the current financial year after the earthquake and tsunami last March increased sales of prepared meals and private-label products, while operating efficiency improved.
But with falling wages, high unemployment and concerns about the health of the Japanese and world economies weighing on domestic consumption, market watchers are expecting sales levels at retailers to face challenges in the near term.
Top Japanese retailer Seven & I's operating profit jumped 17 percent to 66.0 billion yen ($854.7 million) for the September-November quarter in part as convenience store visits by older and female customers stayed high after rising in the aftermath of the March 11 disasters.
But Aeon, Japan's second-biggest retailer, posted a year-on-year drop of 19 percent in operating profit to 25.4 billion yen over the same period.
Aeon faced a higher annual hurdle than Seven & I, after posting a 52 percent surge in operating profit in its third quarter for the 2010 business year.
"Their earnings seem very steady and strong. Even if Aeon came in a little under analyst estimates, there is a sense of direction for these companies and investors can be sure of their strength," said Mitsushige Akino, chief fund manager at Ichiyoshi Investment Fund.
"Right now, there is so much uncertainty that investors are shifting to stable stocks with strong earnings that are not easily swayed by outside factors like Europe ... In this risk-off environment, stocks of companies like Seven & I and Aeon will remain attractive."
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Graphic: Seven & I results http://link.reuters.com/fym85s
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Both retailers maintained their operating-profit forecasts for the business year to February 2012.
Seven & I, the owner of 7-Eleven, the world's largest convenience store chain, kept its annual outlook at 286 billion yen, in line with the average estimate of 290 billion yen in a poll of 19 analysts by Thomson Reuters I/B/E/S.
The forecast is the highest since Seven & I posted a 286.8 billion yen profit in its 2006 business year.
Aeon, the owner of Aeon Retail supermarkets as well as convenience stores, boutiques and shopping malls, kept its operating profit outlook at 195-205 billion yen, which is in line with the average estimate of 199 billion yen in a poll of 13 analysts by Thomson Reuters I/B/E/S.
But with Japanese household spending falling 3.2 percent year-on-year in November and retail sales down 2.3 percent, both much weaker than forecast, retailers may struggle to maintain similar levels of profit growth in the 2012 business year.
Shares of Seven & I fell about 1 percent in 2011, while Aeon rose 4 percent over the same period, versus a 17 percent slide in the benchmark Nikkei average.
Before the results were released, shares of Seven & I settled 0.4 percent lower while Aeon posted a 1.0 percent loss, against the Nikkei's 1.2 percent fall for the day.
($1 = 77.22 yen)
(Reporting by James Topham; Editing by Matt Driskill and Michael Watson)
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Friday, January 6, 2012
5 dead, others wounded in Nigeria church attack
GOMBE, Nigeria (AP) ? Gunmen attacked a church in northeast Nigeria during a prayer service Thursday night, killing at least five people and wounding others in an assault that occurred amid an increasingly violent campaign by a radical Muslim sect.
Pastor Johnson Jauro said the gunfire sprayed the Deeper Life Church in Gombe, the capital of Gombe state, injuring several worshippers and killing his wife and two others. He spoke at a local hospital, where a joint team of soldiers and police officers stood guard. Two other people later died at the hospital from their wounds and an Associated Press reporter saw their bodies.
Local police spokesman Ahmed Muhammad confirmed the attack, but declined to say how many people the gunmen killed and wounded.
The assault occurred as Nigeria remains under attack by the sect known as Boko Haram. The oil-rich nation's president recently put regions of the country under a state of emergency due to the threat, but that did not include Gombe, which sits about 350 miles (570 kilometers) from Nigeria's central capital, Abuja.
No one immediately claimed responsibility for the attack, but suspicion immediately fell on Boko Haram. The sect has carried out increasingly sophisticated and bloody attacks in its campaign to implement strict Shariah law across Nigeria, a multiethnic nation of more than 160 million people.
Boko Haram, whose name means "Western education is sacrilege" in the local Hausa language, is responsible for more than 500 killings this year alone, according to an Associated Press count. The group claimed responsibility for an attack that killed at least 39 people in a Christmas Day bombing of a Catholic church near Abuja, as well as a suicide car bombing targeting the U.N. headquarters in the capital that killed 25 people and wounded more than 100.
Nigeria's weak central government has been slow to respond to the sect.
On Dec. 31, President Goodluck Jonathan declared regions of Borno, Niger, Plateau and Yobe states to be under a state of emergency ? meaning authorities can make arrests without proof and conduct searches without warrants. He also ordered international borders near Borno and Yobe state to be closed.
However, it remains unclear what effect that will have on a sect that has adopted hit-and-run attacks and suicide bombings to target the country's military and police, as well as civilians.
Meanwhile, a military spokesman said Thursday that soldiers killed two armed men suspected to be Boko Haram members after "resisting arrest" in the northeastern city of Maiduguri. Lt. Col. Hassan Ifijeh Mohammed said the army believes the gunmen were responsible for an attack Wednesday evening that left two people dead.
However, human rights activists say security forces have carried out so-called "extra-judicial killings" out of frustration and anger at being unable to stop Boko Haram.
___
Associated Press writers Ibrahim Garba in Kano, Nigeria; Njadvara Musa in Maiduguri, Nigeria and Jon Gambrell in Lagos, Nigeria contributed to this report.
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Microsoft: UK Retailer 'sold 94,000 counterfeit copies of Windows'
Microsoft has launched an attack on beleaguered electronics retailer Comet -- stating that the British chain pirated 94,000 copies of Vista and XP recovery discs. Comet, which was recently sold off for £2 ($3), allegedly produced the copies at a factory in Hampshire and bundled them with PCs sold at its stores. There's been no official response from Comet yet, but we can't imagine Microsoft would throw this sort of statement around lightly. If you're concerned you are running a counterfeit copy of Windows, check out the How To Tell site below and we'll keep our eyes on this one as the saga unfolds.
Continue reading Microsoft: UK Retailer 'sold 94,000 counterfeit copies of Windows'
Microsoft: UK Retailer 'sold 94,000 counterfeit copies of Windows' originally appeared on Engadget on Wed, 04 Jan 2012 06:17:00 EDT. Please see our terms for use of feeds.
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Thursday, January 5, 2012
Joseph Alan Strillchuk, Fort Myers, Florida
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