More Northwestern football coming to Wrigley









After years of flirting, the Cubs and Northwestern will take their relationship to the next level Tuesday when they announce a broad partnership during a news conference at Wrigley Field.

A university source told the Tribune that while Wrigley will not be host to a football game in 2013, other NU teams (baseball, softball, soccer and lacrosse) might play some there this year.






And it's just a matter of time before NU football returns to Wrigley, given that the 2010 Northwestern-Illinois game was profitable for the Cubs and gave the Wildcats a huge marketing boost with ESPN's "College GameDay" in town.

NU athletic director Jim Phillips said after the 2010 game that there was "absolutely potential to do another. This was a wonderful event, it captured a national audience and from the responses I've received, there truly was a bowl-like atmosphere."

But the date and opponent of the next football game have yet to be determined and will depend on the pace of ballpark renovations. The cramped conditions of the 2010 game forced both teams' offenses to play to the same end zone.

Given that scheduling an October game could threaten a playoff schedule, the 2014 games to watch are against Iowa on Nov. 8 and Illinois on Nov. 29.

In 2015, Northwestern is host to Michigan on Nov. 14 and Michigan State on Nov. 21.

The NU source said that partnering with a famous brand and historic venue will help the school advance its theme as "Chicago's Big Ten Team."

And both sides believe the extensive partnership between a school and major sports franchise will be the first of its kind.

Cubs Chairman Tom Ricketts is tight with Phillips and is a major supporter of NU sports.

In an October interview with the Tribune, Ricketts forecasted more football games at Wrigley, called the 2010 Illinois-NU game "one of the greatest days in Wrigley Field history" and said: "When I saw the Northwestern band on the field at halftime, I almost cried."

Phillips also has said he would look into scheduling games at Soldier Field, but Notre Dame and Illinois already have done that. (The Illini play Washington there Sept. 14.)

The NU source said the school favors Wrigley Field, calling it "unique."

tgreenstein@tribune.com

Twitter @TeddyGreenstein



Read More..

Turkey says tests confirm leftist bombed U.S. embassy


ISTANBUL (Reuters) - A member of a Turkish leftist group that accuses Washington of using Turkey as its "slave" carried out a suicide bomb attack on the U.S. embassy, the Ankara governor's office cited DNA tests as showing on Saturday.


Ecevit Sanli, a member of the leftist Revolutionary People's Liberation Army-Front (DHKP-C), blew himself up in a perimeter gatehouse on Friday as he tried to enter the embassy, also killing a Turkish security guard.


The DHKP-C, virulently anti-American and listed as a terrorist organization by the United States and Turkey, claimed responsibility in a statement on the internet in which it said Turkish Prime Minister Tayyip Erdogan was a U.S. "puppet".


"Murderer America! You will not run away from people's rage," the statement on "The People's Cry" website said, next to a picture of Sanli wearing a black beret and military-style clothes and with an explosives belt around his waist.


It warned Erdogan that he too was a target.


Turkey is an important U.S. ally in the Middle East with common interests ranging from energy security to counter-terrorism. Leftist groups including the DHKP-C strongly oppose what they see as imperialist U.S. influence over their nation.


DNA tests confirmed that Sanli was the bomber, the Ankara governor's office said. It said he had fled Turkey a decade ago and was wanted by the authorities.


Born in 1973 in the Black Sea port city of Ordu, Sanli was jailed in 1997 for attacks on a police station and a military staff college in Istanbul, but his sentence was deferred after he fell sick during a hunger strike. He was never re-jailed.


Condemned to life in prison in 2002, he fled the country a year later, officials said. Interior Minister Muammer Guler said he had re-entered Turkey using false documents.


Erdogan, who said hours after the attack that the DHKP-C were responsible, met his interior and foreign ministers as well as the head of the army and state security service in Istanbul on Saturday to discuss the bombing.


Three people were detained in Istanbul and Ankara in connection with the attack, state broadcaster TRT said.


The White House condemned the bombing as an "act of terror", while the U.N. Security Council described it as a heinous act. U.S. officials said on Friday the DHKP-C were the main suspects but did not exclude other possibilities.


Islamist radicals, extreme left-wing groups, ultra-nationalists and Kurdish militants have all carried out attacks in Turkey in the past.


SYRIA


The DHKP-C statement called on Washington to remove Patriot missiles, due to go operational on Monday as part of a NATO defense system, from Turkish soil.


The missiles are being deployed alongside systems from Germany and the Netherlands to guard Turkey, a NATO member, against a spillover of the war in neighboring Syria.


"Our action is for the independence of our country, which has become a new slave of America," the statement said.


Turkey has been one of the leading advocates of foreign intervention to end the civil war in Syria and has become one of President Bashar al-Assad's harshest critics, a stance groups such as the DHKP-C view as submission to an imperialist agenda.


"Organizations of the sectarian sort like the DHKP-C have been gaining ground as a result of circumstances surrounding the Syrian civil war," security analyst Nihat Ali Ozcan wrote in a column in Turkey's Daily News.


The Ankara attack was the second on a U.S. mission in four months. On September 11, 2012, U.S. Ambassador Christopher Stevens and three American personnel were killed in an Islamist militant attack on the U.S. Consulate in Benghazi, Libya.


The DHKP-C was responsible for the assassination of two U.S. military contractors in the early 1990s in protest against the first Gulf War, and it fired rockets at the U.S. consulate in Istanbul in 1992, according to the U.S. State Department.


It has been blamed for previous suicide attacks, including one in 2001 that killed two police officers and a tourist in Istanbul's central Taksim Square. It has carried out a series of deadly attacks on police stations in the last six months.


Friday's attack may have come in retaliation for an operation against the DHKP-C last month in which Turkish police detained 85 people. A court subsequently remanded 38 of them in custody over links to the group.


(Writing by Nick Tattersall; Editing by Mark Heinrich)



Read More..

Wall Street surges to five-year highs; Dow ends above 14,000

NEW YORK (Reuters) - Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy's recovery remains on track.


The S&P touched its highest since December 2007 after a 5 percent gain in January, which was its best start to a year since 1997. The index is now just about 60 points away from its all-time intraday high of 1,576.09.


Employment grew modestly in January, with 157,000 jobs added. That was slightly below expectations, but Labor Department revisions showed 127,000 more jobs were created in November and December than previously reported.


Analysts attributed the market's robust showing so far this year partly to a deluge of cash flowing into equities.


Investors poured $12.7 billion into U.S.-based stock mutual funds and exchange-traded funds in the latest week, concluding the strongest four-week flows into stock funds since 1996, data showed on Thursday.


"There is a lot of money looking for a home, and people are finally deciding the bond market is done and moving money into equities," said Edward Simmons, managing director and partner at HighTower in Portland, Maine.


"I see the rotation (of assets) pushing the market up in the face of not-massive amounts of good news," he said. "People are overlooking the higher risk in equities."


Other reports released Friday showed the pace of growth in the U.S. manufacturing sector picked up in January to its highest level in nine months, U.S. consumer sentiment rose more than expected last month, while December construction spending also beat forecasts.


"All the data seems to keep pointing to a slowly, steadily improving economy," said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.


The Dow Jones industrial average <.dji> was up 149.21 points, or 1.08 percent, at 14,009.79. The Standard & Poor's 500 Index <.spx> was up 15.06 points, or 1.01 percent, at 1,513.17. The Nasdaq Composite Index <.ixic> was up 36.97 points, or 1.18 percent, at 3,179.10.


With the day's gains, major equity indexes rose five straight weeks.


More than 600 stocks on the NYSE and the Nasdaq combined hit 52-week highs on Friday, including Google which rose as high as $776.60, before closing at $775.60, up 2.6 percent.


Investors were also attuned to corporate earnings, with a trio of Dow components reporting profits that beat expectations.


Exxon Mobil ended flat at $90.04 after reporting results while Chevron added 1.2 percent to $116.50.


Drugmaker Merck & Co fell 3.3 percent to $41.83 after a cautious 2013 outlook.


Generic drugmaker Perrigo reported a better-than-expected second-quarter profit and its shares jumped 4.7 percent to $105.28.


Of the 252 companies in the S&P 500 that have reported earnings so far, 69 percent have exceeded expectations, according to Thomson Reuters data. That is a higher proportion than over the past four quarters and above average since 1994.


Overall, S&P 500 fourth-quarter earnings are estimated to have grown 4.4 percent, according to the data, up from a 1.9 percent forecast at the start of the earnings season but well below a 9.9 percent profit growth forecast on October 1.


Dell Inc gained 2.9 percent to $13.63 after sources said the company was nearing an agreement to sell itself to a buyout consortium led by its founder, Michael Dell, and private equity firm Silver Lake Partners.


(Reporting By Angela Moon; Editing by Kenneth Barry)



Read More..

NFL's Goodell aims to share blame on player safety


NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame.


"Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."


Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like someone seeking to point out that players or others are at fault for some of the sport's problems — and need to help fix them.


"I'll stand up. I'll be accountable. It's part of my responsibility. I'll do everything," Goodell said. "But the players have to do it. The coaches have to do it. Our officials have to do it. Our medical professionals have to do it."


Injuries from hits to the head or to the knees, Goodell noted, can result from improper tackling techniques used by players and taught by coaches. The NFL Players Association needs to allow testing for human growth hormone to go forward so it can finally start next season, which Goodell hopes will happen. He said prices for Super Bowl tickets have soared in part because fans re-sell them above face value.


And asked what he most rues about the New Orleans Saints bounty investigation — a particularly sensitive issue around these parts, of course — Goodell replied: "My biggest regret is that we aren't all recognizing that this is a collective responsibility to get (bounties) out of the game, to make the game safer. Clearly the team, the NFL, the coaching staffs, executives and players, we all share that responsibility. That's what I regret, that I wasn't able to make that point clearly enough with the union."


He addressed other subjects, such as a "new generation of the Rooney Rule" after none of 15 recently open coach or general manager jobs went to a minority candidate, meaning "we didn't have the outcomes we wanted"; using next year's Super Bowl in New Jersey as a test for future cold-weather, outdoor championship games; and saying he welcomed President Barack Obama's recent comments expressing concern about football's violence because "we want to make sure that people understand what we're doing to make our game safer."


Also:


— New Orleans will not get back the second-round draft pick Goodell stripped in his bounty ruling;


— Goodell would not give a time frame for when the NFL could hold a game in Mexico;


— next season's games in London — 49ers-Jaguars and Steelers-Vikings — are sellouts.


Goodell mentioned some upcoming changes, including the plan to add independent neurologists to sidelines to help with concussion care during games — something players have asked for and the league opposed until now.


"The No. 1 issue is: Take the head out of the game," Goodell said. "I think we've seen in the last several decades that players are using their head more than they had when you go back several decades."


He said one tool the league can use to cut down on helmet-to-helmet hits is suspending players who keep doing it.


"We're going to have to continue to see discipline escalate, particularly on repeat offenders," Goodell said. "We're going to have to take them off the field. Suspension gets through to them."


The league will add "expanded physicals at the end of each season ... to review players from a physical, mental and life skills standpoint so that we can support them in a more comprehensive fashion," Goodell said.


With question after question about less-than-light matters, one reporter drew a chuckle from Goodell by asking how he's been treated this week in a city filled with supporters of the Saints who are angry about the way the club was punished for the bounty system the NFL said existed from 2009-11.


"My picture, as you point out, is in every restaurant. I had a float in the Mardi Gras parade. We got a voodoo doll," Goodell said.


But he added that he can "appreciate the passion" of the fans and, actually, "couldn't feel more welcome here."


___


Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


Read More..

News summary: Chevron profit soars on asset swap






ENERGETIC EARNINGS: Chevron Corp. posted a 41 percent rise in net income for the fourth quarter. The company’s refinery operations improved over last year as input costs fell while prices it fetched for the fuels it produced rose.


OUTPUT UP: Oil and gas production rose slightly from a year earlier. It jumped 6 percent since the third quarter.






CASH RICH: Chevron ended the quarter with $ 21 billion in cash. CEO John Watson why said the company plans to pay dividends, buy back stock, invest in new projects and keep a lot handy in case oil prices fall.


Energy News Headlines – Yahoo! News





Title Post: News summary: Chevron profit soars on asset swap
Url Post: http://www.news.fluser.com/news-summary-chevron-profit-soars-on-asset-swap/
Link To Post : News summary: Chevron profit soars on asset swap
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Hillary: Secretary of empowerment




Girls hug U.S. Secretary of State Hillary Clinton during a 2010 tour of a shelter run for sex trafficking victims in Cambodia.




STORY HIGHLIGHTS


  • Donna Brazile: Clinton stepping down as Secretary of State. Maybe she'll run for president

  • She says as secretary she expanded foreign policy to include effect on regular people

  • She says she was first secretary of state to focus on empowering women and girls

  • Brazile: Clinton has fought for education and inclusion in politics for women and girls




Editor's note: Donna Brazile, a CNN contributor and a Democratic strategist, is vice chairwoman for voter registration and participation at the Democratic National Committee. She is a nationally syndicated columnist, an adjunct professor at Georgetown University and author of "Cooking with Grease." She was manager for the Gore-Lieberman presidential campaign in 2000.


(CNN) -- As Secretary of State Hillary Rodham Clinton steps down from her job Friday, many are assuming she will run for president. And she may. In fact, five of the first eight presidents first served their predecessors as secretary of state.


It hasn't happened in more than a century, though that may change should Clinton decide to run. After all, she has been a game changer her entire life.


But before we look ahead, I think we should appreciate what she's done as secretary of state; it's a high profile, high pressure job. You have to deal with the routine as if it is critical and with crisis as if it's routine. You have to manage egos, protocols, customs and Congress. You have to be rhetorical and blunt, diplomatic and direct.



CNN Contributor Donna Brazile

CNN Contributor Donna Brazile



As secretary of state you are dealing with heads of state and with we the people. And the president of the United States has to trust you -- implicitly.


On the road with Hillary Clinton


Of all Clinton's accomplishments -- and I will mention just a few -- this may be the most underappreciated. During the election, pundits were puzzled and amazed not only at how much energy former President Bill Clinton poured into Obama's campaign, but even more at how genuine and close the friendship was.


Obama was given a lot of well-deserved credit for reaching out to the Clintons by appointing then-Sen. Hillary Clinton as his secretary of state in the first place. But trust is a two-way street and has to be earned. We should not underestimate or forget how much Clinton did and how hard she worked. She deserved that trust, as she deserved to be in the war room when Osama bin Laden was killed.


By the way, is there any other leader in the last 50 years whom we routinely refer to by a first name, and do so more out of respect than familiarity? The last person I can think of was Ike -- the elder family member who we revere with affection. Hillary is Hillary.


It's not surprising that we feel we know her. She has been part of our public life for more than 20 years. She's been a model of dignity, diplomacy, empathy and toughness. She also has done something no other secretary of state has done -- including the two women who preceded her in the Cabinet post.


Rothkopf: President Hillary Clinton? If she wants it



Hillary has transformed our understanding -- no, our definition -- of foreign affairs. Diplomacy is no longer just the skill of managing relations with other countries. The big issues -- war and peace, terror, economic stability, etc. -- remain, and she has handled them with firmness and authority, with poise and confidence, and with good will, when appropriate.


But it is not the praise of diplomats or dictators that will be her legacy. She dealt with plenipotentiaries, but her focus was on people. Foreign affairs isn't just about treaties, she taught us, it's about the suffering and aspirations of those affected by the treaties, made or unmade.








Most of all, diplomacy should refocus attention on the powerless.


Of course, Hillary wasn't the first secretary of state to advocate for human rights or use the post to raise awareness of abuses or negotiate humanitarian relief or pressure oppressors. But she was the first to focus on empowerment, particularly of women and girls.


She created the first Office of Global Women's Issues. That office fought to highlight the plight of women around the world. Rape of women has been a weapon of war for centuries. Though civilized countries condemn it, the fight against it has in a sense only really begun.


Ghitis: Hillary Clinton's global legacy on gay rights


The office has worked to hold governments accountable for the systematic oppression of girls and women and fought for their education in emerging countries. As Hillary said when the office was established: "When the Security Council passed Resolution 1325, we tried to make a very clear statement, that women are still largely shut out of the negotiations that seek to end conflicts, even though women and children are the primary victims of 21st century conflict."


Hillary also included the United States in the Trafficking in Person report. Human Trafficking, a form of modern, mainly sexual, slavery, victimizes mostly women and girls. The annual report reviews the state of global efforts to eliminate the practice. "We believe it is important to keep the spotlight on ourselves," she said. "Human trafficking is not someone else's problem. Involuntary servitude is not something we can ignore or hope doesn't exist in our own communities."


She also created the office of Global Partnerships. And there is much more.


She has held her own in palaces and held the hands of hungry children in mud-hut villages, pursuing an agenda that empowers women, children, the poor and helpless.


We shouldn't have been surprised. Her book "It Takes a Village" focused on the impact that those outside the family have, for better or worse, on a child's well-being.


As secretary of state, she did all she could to make sure our impact as a nation would be for the better.


Follow us on Twitter @CNNOpinion


Join us on Facebook/CNNOpinion


The opinions expressed in this commentary are solely those of Donna Brazile.






Read More..

Authorities close 'sex trafficking house of horrors'









Cook County prosecutors announced charges today in connection with a sex trafficking ring in suburban Schiller Park that preyed on poor or homeless women who were forced into prostitution through drug addiction and violence.

At a press conference, State’s Attorney Anita Alvarez referred to the operation as a “sex trafficking house of horrors” and said the half dozen women were supplied heroin and crack cocaine on “a silver platter” to keep them addicted to the narcotics and beholden to the ring's leader.

Authorities identified Keith Williams, 52, as the alleged ring leader and said Roman Kurek, 49, and Sylvia Topolewski, 37,  were all charged  with involuntary servitude and sex trafficking. The three reside at the same Schiller Park residence. Bonds were set at $650,000 for Williams and $350,000 for each of the others.

Schiller Park Police Officer Brian Norris told reporters that the department received a tip last May about drug activity and prostitution at Williams’ residence, leading to a nearly eight-month investigation involving undercover work.

Alvarez said Williams, who goes by the street name of “Shampoo,” recruited the vulnerable women to live with him and controlled them with threats, intimidation and brutality. Williams pocketed all the profits from the prostitution for himself and his associates.

Williams punished the women for so-called “bad behavior” by severely beating them, withholding food from them and demeaning them in other ways, prosecutors said.

Williams would sometimes handcuff the women for days and lock them in a room where they would be deprived of food and narcotics, leading them to become sick from drug withdrawals, prosecutors said.

Alvarez said the six women involved in Williams’ sex trafficking operation were being offered help through social service agencies. More women may have been involved in the operation, though, and are encouraged to come forward to receive support, she said.

bdoyle@tribune.com

Read More..

Mexico blast kills at least 33, flagging Pemex safety woes


MEXICO CITY (Reuters) - Rescue workers pulled out more bodies from debris at the headquarters of Mexican state oil giant Pemex on Friday after a powerful explosion killed at least 33 people and threw a spotlight onto the state-run company's poor safety record.


Scenes of confusion and chaos outside the downtown tower block in Mexico City have dealt another blow to Pemex's image, just as Mexico's new president is seeking to court outside investment for the 75-year-old monopoly.


Thursday's blast occurred at a Pemex building next to the 50-story skyscraper, and senior officials said 33 people had so far been confirmed dead. A further 121 were injured, said the company's chief executive, Emilio Lozoya.


Officials have been unable to say how many people may still be trapped in the wreckage of the office block, which remains cordoned off. A military paramedic at the scene said there were likely many and expected the death toll to keep rising.


Lozoya said it was not clear what caused the midafternoon explosion, which has been the subject of speculation ranging from a bomb attack, to a gas leak, to a boiler blowing up.


"A fatal incident like yesterday's cannot be explained in two hours, we are working with the best teams in Mexico and from overseas, we will not speculate," he told a news conference.


Pemex, both a symbol of Mexican self-sufficiency and a byword for security glitches, oil theft and frequent accidents, has been hamstrung by inefficiency, union corruption and a series of safety failures costing hundreds of lives.


The latest Pemex disaster is also one of the first serious tests for President Enrique Pena Nieto, who took office in December saying overhauling the company was a top priority.


Investors have been closely following how far he will go in enticing private capital to boost flagging oil output in a country that is the world's number seven producer.


"This incident speaks very poorly of the image of Pemex management, and that's interpreted as additional risk in the market," said Miriam Grunstein, an energy researcher at Mexico's CIDE think tank.


COLLAPSE


A Pemex official said the damaged area was used for human resources in the corporate and refining divisions. It did not have a boiler or gas installations, the official said.


Former Pemex worker Ricardo Marin, 53, said there was nothing in the building which would explode and that the kitchen, where there would be gas, was on the other side.


"The only thing that occurs to me is that it was an attack - but against whom? There's no one with an important job down there," he said, waiting outside the Pemex hospital where a friend was in intensive care. "Maybe it could be a message to Pena Nieto, but not even that has any logic."


Pemex office worker Alfonso Caballero, who was one floor above the blast at the time, said he did not smell any gas and guessed it had been caused by machinery.


Mexican officials have not ruled out sabotage.


An official at the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives said an "international response team" was on its way to Mexico City at the request of the Mexican government. The team includes explosive specialists and fire experts.


Pemex CEO Lozoya said the four floors worst affected by the explosion normally had about 200 to 250 people working on them. That compared with about 10,000 staff in the entire complex.


Red Cross official Isaac Oxenhaut said the ceiling had collapsed in three lower floors of the Pemex building.


The blast followed a September fire at a Pemex gas facility near the northern city of Reynosa that killed 30 people. More than 300 were killed when a Pemex natural gas plant on the outskirts of Mexico City blew up in 1984.


Eight years later, about 200 people were killed and 1,500 injured after a series of underground gas explosions in Guadalajara, Mexico's second-biggest city. An official investigation found Pemex was partly to blame.


'NO PRIVATIZATION'


Whatever caused the explosion, the deaths and destruction will put the spotlight back on safety at Pemex, which only a couple of hours beforehand had issued a statement on Twitter saying it had managed to improve its record on accidents.


"I suspect this was a bomb," said David Shields, an independent Mexico City-based oil analyst. "There are clandestine armies across Mexico, not just the (drug) cartels."


Shields pointed to the bombing of several Pemex pipelines in the eastern state of Veracruz in 2007. A shadowy Marxist rebel movement took credit for some of the blasts.


Meanwhile, George Baker, director of Energia.com, a Houston-based energy research center, said past history suggested the government could seek to exploit the incident.


He pointed to the 1992 Guadalajara blast and the subsequent deal that followed to overhaul the Pemex administration led by then-President Carlos Salinas, like Pena Nieto a member of the Institutional Revolutionary Party, or PRI.


"Salinas said he wanted a response from Pemex, and months later Pemex announced a restructuring. The restructuring had nothing to do with the Guadalajara accident, but it was used as a pivot to do something," Baker said.


Pena Nieto has yet to reveal details of his Pemex reform plan, which already faces opposition from the left.


Both Pena Nieto and his finance minister were this week at pains to stress the company will not be privatized.


(Additional reporting by Adriana Barrera, Simon Gardner and Krista Hughes; Writing by Dave Graham; Editing by Louise Ireland, Vicki Allen and Eric Beech)



Read More..

S&P 500 posts biggest monthly gain since October 2011

NEW YORK (Reuters) - Stocks edged lower on Thursday on caution ahead of Friday's all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011.


The benchmark S&P 500 advanced 5.1 percent in January as investors cheered a compromise that temporarily postponed the impact of the "fiscal cliff" and fourth-quarter earnings were better than expected.


The S&P 500 registered its largest monthly advance since a rise of more than 6 percent in October 2011 and the best January showing since a 6.1 percent jump in 1997. For the month, the Dow gained 5.8 percent and the Nasdaq rose 4.1 percent.


Investors expect a pullback in equities after the recent gains, though they have bought on dips over the past four weeks. The largest daily decline on the S&P 500 so far in 2013 was Wednesday's 0.39 percent drop after data showed the economy contracted in the fourth quarter of 2012.


On Friday, the government is due to release January's employment figures at 8:30 a.m. (1330 GMT). Economists polled by Reuters expect non-farm payrolls to show employers added 160,000 jobs compared with a rise of 155,000 in December. The unemployment rate is likely to hold steady at 7.8 percent.


A survey by payroll processing company ADP on Wednesday showed private sector employment rose higher than expected last month, but the government's measure of jobless benefits claims increased last week.


"It's the calm before the potential storm. The uncertainty about tomorrow's numbers comes from that fact that we had a decent ADP report but the weekly claims were not so great," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.


In a separate report, the Commerce Department said American incomes rose 2.6 percent last month, the biggest increase since December 2004.


"We could see an overly sensitive market to a bad number tomorrow, given that we've been up without a major correction, and that makes the market sensitive to the downside."


Friday will also bring reports on consumer confidence, U.S. manufacturing, construction spending and car sales.


Limiting losses on the Nasdaq composite index, Qualcomm gained 3.9 percent to $66.02 after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue and raised its targets for the year.


Facebook shares fell 0.8 percent to $30.98 after falling as low as $28.74 a day after the social network company said it doubled its mobile advertising revenue in the fourth quarter. However, growth trailed some of Wall Street's most aggressive estimates.


The Dow Jones industrial average <.dji> was down 49.84 points, or 0.36 percent, at 13,860.58. The Standard & Poor's 500 Index <.spx> was down 3.85 points, or 0.26 percent, at 1,498.11. The Nasdaq Composite Index <.ixic> was down 0.18 points, or 0.01 percent, at 3,142.13.


UPS shares lost 2.4 percent to $79.29 after reporting fourth-quarter earnings that were below analysts' estimates on Thursday and forecasting weaker-than-expected profit for 2013.


Constellation Brands shares tumbled 17.4 percent to $32.36 after the U.S. Justice Department moved to stop Anheuser-Busch InBev from buying the half of Mexican brewer Grupo Modelo that it does not already own. Constellation would have distributed Corona beer in the United States if the transaction had been approved.


Thomson Reuters data through Thursday morning shows that of the 231 companies in the S&P 500 that have reported earnings this season, 69.3 percent have exceeded expectations, a higher proportion than over the past four quarters and above the average since 1994.


Overall, S&P 500 fourth-quarter earnings rose 3.7 percent, according to Thomson Reuters data. That's above a 1.9 percent forecast at the start of the earnings season but well below a 9.9 percent profit growth forecast on October 1.


(Reporting By Angela Moon; Editing by Nick Zieminski and Kenneth Barry)



Read More..

Black ex-coaches say NFL's Rooney Rule is broken


NEW ORLEANS (AP) — Three black former NFL head coaches say the league needs to rethink its Rooney Rule for promoting minority hiring after 15 top vacancies — eight head coaching jobs and seven general manager positions — were all filled by white candidates since the regular season ended a month ago.


"I know the concept is good and something we need to do," said Tony Dungy, who was with the Indianapolis Colts during the 2006 season when he became the first black coach to win a Super Bowl. "Obviously, it's not working the way it should."


The Rooney Rule, implemented in 2003, was named for Pittsburgh Steelers chairman Dan Rooney, who steadfastly pushed the league to require every team to interview at least one minority candidate every time there is a coaching or general manager opening.


Before the rule went into effect, the NFL had had only six minority head coaches in more than 80 years. Since it has been in place, 12 have been hired.


But none were hired this year to replace the two black coaches who were fired — Romeo Crennel in Kansas City and Lovie Smith in Chicago — and the one fired black GM, Rod Graves in Arizona.


Herm Edwards, former coach of the New York Jets and Kansas City Chiefs and now an ESPN analyst, has called for not only revising the rule but perhaps even changing its name.


"When you use the Rooney Rule and not correctly, you put a little bit of a bad mark on Mr. Rooney's name, and that is not good," Edwards said Wednesday. "If it keeps going this way, we might need to take his name off the rule. It is not being used in the right manner that Mr. Rooney meant it to be."


Robert Gulliver, the NFL's executive vice president of human resources, said that the hiring results were "disappointing" and that he expects to make revisions in the rule.


The Fritz Pollard Alliance, a group of minority coaches and front-office, scouting and game-day NFL officials, wants the Rooney Rule expanded to apply to coordinators, assistant head coaches and club president positions.


Unlike Dungy and Edwards, Jim Caldwell is still coaching, albeit as an assistant. Not only that, his team, the Baltimore Ravens, will play the San Francisco 49ers in Sunday's Super Bowl. But he wasn't even invited to interview for one of the eight vacant coaching jobs, though having a team in the playoffs can be a hindrance to such opportunities.


Fired as the Colts' coach following the 2011 season, Caldwell joined the Ravens as quarterbacks coach. When head coach John Harbaugh fired offensive coordinator Cam Cameron in December, Caldwell was promoted. With his guidance, Baltimore's offense responded.


Caldwell is no stranger to the Super Bowl, having led the Colts there three years ago after replacing the retired Dungy. It was only after Peyton Manning was sidelined for the 2011 season that Caldwell was fired.


"It has been a great rule and it has worked in the past," he said. "Just like anything else, you have to, after a certain period of time, revisit it and take a look and see if it needs a little tweaking. I think it does in this particular case."


Caldwell added: "That's one of the reasons that the Rooney Rule was put in place, because you're trying to avoid those situations, if possible. We're at that stage where guys like Lovie Smith, who didn't get an opportunity, who had won and been very successful previously ... obviously, there's some concern there, and that's why I think the rule is going to be revisited."


Dungy said he believes the entire system is broken. He cited 21 head coaching jobs changing in a three-year span, which he said indicates owners are making the wrong hires regardless of race.


Edwards said he wonders whether minority candidates get interviewed only to satisfy the rule, even though they have no chance of getting the job. He and Dungy noted that the last black head coach hiring — other than coaches promoted from within, like Leslie Frazier, Raheem Morris, Mike Singletary, Hue Jackson and Crennel — was Mike Tomlin by Pittsburgh, in 2007.


There are currently four minority head coaches: Tomlin, Frazier in Minnesota, Marvin Lewis in Cincinnati and Ron Rivera in Carolina. Minority general managers include Baltimore's Ozzie Newsome, Detroit's Martin Mayhew, Houston's Rick Smith, the New York Giants' Jerry Reese and Oakland's Reggie McKenzie.


"I am not saying you have to hire a minority candidate. No one is saying that," Edwards said. "I am saying you can't be blinded. It can't be, 'Who is the guy to interview to get this out of the way?'"


"The problem I have is you don't really abide by the Rooney Rule the correct way," he said.


Read More..