TSX up 6th day on upbeat data, Potash earnings

By John Tilak

TORONTO (Reuters) - Canada's main stock index extended its gains into a sixth straight session on Thursday, buoyed by positive U.S. economic data and a stronger-than-expected earnings report from Potash Corp .

Investors were encouraged by data showing the number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market.

The Toronto market, which posted its biggest jump in more than eight months on Wednesday, has erased most of the losses incurred during a massive commodities-led rout earlier this month.

"The TSX is staging a bit of a recovery," said Keith G. Richards, portfolio manager and technical analyst at ValueTrend Wealth Management. "I see this near-term rally as a near-term rally, and that's all."

He expects weakness in banks and commodities to hold the index back over the next couple of months.

Despite the gains, the index is down 0.9 percent on the year, compared with a 10.7 percent rise in the S&P 500.

The Toronto Stock Exchange's S&P/TSX composite index <.gsptse> was up 53.18 points, or 0.43 percent, at 12,323.61 on Thursday. It hit its highest point since the huge selloff on April 15.

Eight of the 10 main sectors of the index were higher.

A 2.4 percent gain in Potash and rise in gold shares boosted the materials sector, which climbed 2.3 percent.

The price of bullion hit a 10-day high, lifted by a weak dollar and strong physical buying.

Potash said it was abandoning efforts to take over Israel Chemicals Ltd because of strong opposition in Israel. The fertilizer giant also reported a stronger-than-expected 13 percent rise in profit after renewed sales to China and India.

"Potash has got near-term upside," Richards said. "Positive news on the stock is going to push it a bit."

Energy shares rose 0.5 percent, reflecting a rise in the price of oil.

Financials, the index's most heavily weighted sector, gave back 0.2 percent.

In other company news, Open Text Corp reported a 25 percent rise in third-quarter adjusted profit as its cloud-based services business expanded. The business software maker's stock added 9.1 percent to C$63.02.

Shares of Imperial Oil Ltd climbed 1.4 percent after Canada's No. 2 oil producer and refiner reported a first-quarter profit.

(Editing by Chizu Nomiyama)

Source: http://news.yahoo.com/tsx-set-open-higher-stronger-earnings-data-124832541--finance.html

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Leap Motion Controller Ship Date Delayed Until July 22, Due To A Need For A Larger, Longer Beta Test

Leap Motion has just announced that its 3D gesture controller hardware ship date will be delayed, from May 13 for pre-orders and May 19 for general retail availability to July 27. The delay was caused by a need for more testing from the Leap Motion beta testing community, and an expansion of that group with additional members, according to Leap Motion CEO Michael Buckwald, who held a press conference today to discuss the missed dates. This is not good new for a company that has spent a lot of time promoting its product and securing high-level partnerships (with Asus, HP and Best Buy) up until now. The hype that Leap Motion has been able to build only means that users will be more disappointed by any delays in its launch window, and the effect on public perception is certainly one the hardware startup would like to have avoided. Still, some 12,000 developers have received units and already used them to do impressive things, so Leap Motion is hardly in danger of being branded ‘vaporware’ as of yet. Leap Motion says it wants to make sure that the product they deliver is the best they can offer, and says that there is “nothing catastrophically wrong” with the hardware as of yet. The company?believes?that it could have shipped by the original date if it had really pushed things, but wanted to make sure that things were ready for prime time. The new July 22 ship date is firmly set, according to Buckwald, and this is “the first and only delay there will be.” When asked if there was a specific cause, Buckwald said it’s more about beta testing everything in general, but that there will definitely be a focus on getting more input on how customers interact with the product. In general, it sounds like there’s some concern about making sure that user experience is pleasant among not only Leap Motion’s more technical users, but also the general public, too. Buckwald says it has addressed most of the technical issues around gesture tracking, and now the emphasis is squarely on usability testing, and those who are already seeded with early hardware will essentially act more as consumer testers. “If you’d asked me a year ago what was the biggest challenge, I’d have said it would be the hardware side,” Buckwald said, but went on to explain that the software aspect is now

Source: http://feedproxy.google.com/~r/Techcrunch/~3/mzEHK44cm3U/

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New Chrome Beta extension from Google lets you view Office files directly in the browser

One of the more unique features of Google's web browser for Chromebooks has been the ability to open and view Microsoft Office files directly in the browser (as opposed to pushing them to Drive), but that's so far remained confined to those devices. Google's decided to change that today, though, releasing a new extension for Chrome Beta that allows the same functionality in the browser for Windows and Mac. There's no indication yet as to when it will make it to the stable release of Chrome, but beta users can install the extension now at the source link below.

Filed under: Internet, Software

Comments

Via: TechCrunch

Source: Chrome Web Store, Google Chrome Blog

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/rTDyZgYXCXo/

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Short-Term Bears Expect A Brutal Week For Visa | Options ...

Short-term bears targeted Visa (NYSE:V) last Friday, with the stock's weekly April 26 155-strike put emerging as the day's most active option. A total of 3,284 contracts changed hands here, with roughly two-thirds crossing the tape at the ask price -- indicating that most of the volume was buyer-driven. This weekly put gained 3,222 contracts in open interest over the weekend, confirming the addition of new bearish bets here on Friday.

The volume-weighted average price (VWAP) on that 155-strike put was $0.26, which means option buyers need Visa Inc shares to fall below breakeven at $154.74 (strike price less VWAP) by the end of this week. That would be a considerable slide for V, as the stock settled last Friday at $163.96.

These aren't earnings-related bets, either, as Visa isn't scheduled to report its fiscal second-quarter results until after the market closes next Wednesday, May 1. Instead, it seems Friday's weekly put buyers are simply bracing for V to lose more than 5.6% over the course of this week.

The stock is already on negative ground this morning, with V off 0.5% at $163.13 at 10 a.m. EDT. However, the shares have lately found a foothold in the $160-$162 area, which previously served as resistance during most of the first quarter. This region is also home to the equity's rising 50-day moving average, which hasn't been breached on a daily closing basis since March 21.

This article by Elizabeth Harrow was originally published on Schaeffer's Investment Research.

Below, find some more great content from Schaeffer's Investment Research:

Daily Game Plan ? Markets Quiet

Chart of the Day: Williams Companies (WMB)

Why I?m Worried About the ?Big Money? Bulls

Twitter: @schaeffers

No positions in stocks mentioned.

Source: http://www.minyanville.com/trading-and-investing/options/articles/Short-Term-Bears-Expect-a-Brutal/4/22/2013/id/49405

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Be Lifehacker's New Editorial Fellow

We're on the hunt for a new editorial fellow based in New York City. Interested? Here's what you need to know.

A fellowship at Lifehacker means you'll help us with our daily pursuits and hunting down the best tips and tricks for getting things done. More specifically, the fellow will learn to be a Jack- or Jill-of-all-trades, assisting us with research, post-finding, basic copy editing, emailing, social media tasks and, with some guidance, writing. Basically, you'll get valuable experience in the skills needed at a site like Lifehacker that you can take with you to basically any writing/media job.

What You'll Need:

• The ability to work out of our New York office full time, five days a week
• Basic HTML skills
• Modern computer skills such as Tweeting, Facebooking, RSSing, IMing and other ways of communicating on the internet
• Talent, a good work ethic, ability to listen and learn fast
• The ability to follow directions to the letter
• Be at least college age

For Bonus Points:

• The qualities of a good Lifehacker writer. Being able to write makes it much more likely that you'll get more writing time.
• Graphics (mainly Photoshop/Photoshop alternative) and video skills.

The Focus

This fellowship is foremost a learning opportunity; a chance for you to quickly learn the skills that it takes to be a blogger/news writer/life hacker in a short amount of time. The pay is hourly; the position is full time, for about 3 to 6 months. If you come into the fellowship with a great attitude for learning and enthusiasm for the experience, you'll find that a Lifehacker fellowship is one of the best things you can do to get your writing career started. We're also looking for editorial assistants, and this fellowship is how we intend to find them.

How Do You Apply?

We get a lot of applications and rely on Gmail to help us keep things sorted, so it's very important to follow these instructions so we don't miss yours. Here's what to do:

• Send an email to tips+fellowship@lifehacker.com with the subject Lifehacker Fellowship.
• In the email, a few sentences about yourself. Good things to discuss are why you want to be an fellow, your interests and experience that fit with Lifehacker (programming/writing/hacking/DIY experience), and your availability (when you can start). Focus on the fact that being concise is much more effective, but write as much as you need to to tell us what experience you have and what special circumstances allow you to be a great Lifehacker fellow.
• In the email, also include a couple of links to writing and/or projects you've done.
• No attachments, please.

We get a lot of emails, so unfortunately we can't reply to everyone. If we do contact you, it may not be immediately so please be patient. If you don't hear from us, feel free to give it another shot the next time around.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/MXt11gVe48I/be-lifehackers-new-editorial-fellow-477041092

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Windows Phone gets an official Tumblr app

You can now scratch one more big name off the list of apps not available on Windows Phone. Tumblr has just released its official app for Microsoft's mobile platform (the latest version of it, at least), offering all the key features found in its iOS and Android counterparts with a distinct Windows Phone flavor. That includes the ability to swipe left and right to switch between the dashboard and "explore" options, and the option to add the latest images from your dashboard to your lock screen or live tiles. You can also rest assured that animated GIFs will remain animated while you scroll.

Filed under: Cellphones, Mobile, Microsoft

Comments

Source: Tumblr, Windows Phone Blog

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/8tbsA7ETDIA/

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Immigration bill could fix some Boston security issues: official

By Richard Cowan

WASHINGTON (Reuters) - A top Obama administration official said on Tuesday that an immigration bill starting to move through Congress would fix some border control weaknesses that may have contributed to last week's Boston Marathon bombings.

The immigration to the United States of two ethnic Chechen brothers who are suspects in the bombings has become a point of controversy in the early debate over the legislation, with some conservatives saying that Congress should now go slower.

Homeland Security Secretary Janet Napolitano repeatedly was asked at a Senate Judiciary Committee hearing about the Boston violence that killed three and injured more than 250, as the panel was wrapping up its hearings on a comprehensive immigration bill.

Napolitano told the panel that the legislation will "strengthen security at our borders."

But in three hearings held by the committee since the Boston bombings, some Republicans have raised new concerns about the legislation.

"If these two individuals used our immigration system to assist their attacks, it's important to our ongoing discussion," said Senator Charles Grassley, the senior Republican on the panel.

One of the two suspects, Tamerlan Tsarnaev, who was killed last week after a gunfight with police, traveled from the U.S. to Russia in 2012, returning six months later. He and his brother both came to the United States legally a decade ago.

Officials have said that a misspelling of Tsarnaev's name on flight records when departing the United States last year may have contributed to some law enforcement agencies not being alerted to his movements.

CALMING NEW ANXIETIES

"The bill will help with this because it requires that passports be electronically readable as opposed to having manual input," Napolitano testified, adding the legislation "really does a good job of getting human error out of the process."

The bill's supporters also have tried to calm new anxieties over the legislation, arguing that by moving approximately 11 million illegal residents onto a path to citizenship - if they meet certain requirements - law enforcement will be able to learn more about those undocumented people.

"The bipartisan immigration reform proposal introduced last week would enable us to identify and perform criminal background and national security checks on immigrants who are here unlawfully," Senate Majority Leader Harry Reid said in a letter to Republican Senator Rand Paul of Kentucky.

Paul, who earlier this year expressed support for comprehensive immigration legislation, said on Monday that Congress "should not proceed" until more is known about failures in the immigration system related to the Boston bombing.

The Senate Judiciary Committee plans to spend the month of May debating and voting on panel members' amendments to the immigration bill introduced last week by four Democratic and four Republican senators.

Reid hopes to have the legislation, a top priority of President Barack Obama, ready for a long debate by the full Senate in June.

During Tuesday's Senate hearing, Napolitano heard criticisms from both Democrats and Republicans about specific aspects of the immigration bill that will take center stage in coming weeks.

"I question whether spending billions more on a fence between the United States and Mexico is really the best use of taxpayer dollars as we're furloughing air traffic controllers," said Senator Patrick Leahy, the Democratic chairman of the Judiciary Committee.

Republican Senator John Cornyn of Texas questioned whether the bill's emphasis on tightening border security at major "hot spots" in Arizona and Texas would merely encourage drug cartels and other criminals to shift their activities to border crossings that are monitored less.

(Editing by Fred Barbash and Philip Barbara)

Source: http://news.yahoo.com/immigration-bill-could-fix-boston-security-issues-official-183531738.html

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