Thursday, August 1, 2013

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Bankrate's monthly survey of six questions measures how secure Americans feel about their personal finances compared to 12 months ago. From July 3-7, 2013, telephone interviews (on landlines and cellphones) with 1,005 adults living in the continental U.S. were conducted by Princeton Survey Research Associates International. The results of Bankrate's Financial Security Index have a margin of error of plus or minus 3.6 percentage points. This month, the index decreased to 102, down 0.7 points since June 2013.

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Highlights:

  • Respondents making six figures prefer stocks (34%) and real estate (32%). People making less than that prefer cash investments (29%), real estate (23%) and precious metals (18%).
  • Cash investments were preferred by 32% of people with a high school education or less, compared to 24% of those with some college education and 19% with a college degree.
  • Women prefer cash investments slightly more than men do (30% versus 21%), while men prefer stocks more than women do (18% versus 11%).
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Highlights:

  • Around 1 in 4 men (26%) are feeling more job-secure today, compared to 1 in 6 women (16%).
  • 22% of Republicans, 17% of Independents and only 3% of Democrats say their job security has decreased in the past 12 months.
  • More than one-third of those 65 and older (37%) feel less secure in their jobs, versus an average of 12% of adults in younger age groups.
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Highlights:

  • 26% of people who make at least $30,000 a year feel more comfortable with their savings, while just 12% of those making less than that do.
  • 2 in 10 adults younger than age 65 (21%) are feeling more comfortable with their savings, compared to approximately 1 in 10 of those (11%) who are at least that age.
  • 35% of respondents without a college degree felt less comfortable with their savings, while 23% of more educated respondents felt the same way.
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Highlights:

  • 13% of college graduates feel less comfortable about their debt, compared to 23% of those without a college degree.
  • 17% of full-time workers feel less comfortable with their debt, versus 25% of people employed part time.
  • 28% of people making less than $30,000 a year are less comfortable with their debt, but only 17% of people with higher incomes feel that way.
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Highlights:

  • 34% of men report their net worth is higher today, versus 24% of women.
  • 20% of Republicans and 18% of Independents say they have a lower net worth, versus 11% of Democrats.
  • 31% of respondents younger than 65 report a higher net worth, compared to 19% of people 65 and older.
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Highlights:

  • 35% of men say they're doing better today, versus 22% of women.
  • 26% of Republicans and 25% of Independents say they're worse off today, compared to 14% of Democrats.
  • 31% of people younger than 65 say they're doing better today, but just 15% of respondents 65 or older agree.

Editor's note: Percentages may not equal 100, due to rounding.

Bankrate's Financial Security Index gauges how Americans feel today versus a year ago on vital financial matters. An index value of less than 100 indicates declining levels of financial security; a value greater than 100 reveals higher levels of security compared to 12 months ago.

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Source: http://www.bankrate.com/finance/consumer-index/financial-security-charts-0713.aspx

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Sunday, July 28, 2013

Gunman, 6 others dead after hostage standoff in Florida

HIALEAH, Fla. ? A gunman holding hostages inside a South Florida apartment complex killed six people before being shot to death by a SWAT team that stormed the building early Saturday following an hours-long standoff, police said.

Sgt. Eddie Rodriguez told The Associated Press that police got a call around 6:30 p.m. EDT Friday that shots had been fired in a building with dozens of apartments in Hialeah, just a few miles north of Miami.

Although a crisis team was able to briefly establish communication with the man, Rodriguez said talks eventually ?just fell apart? with the gunman, who was holding two hostages on the fifth floor. Both of them survived when officers stormed the building, fatally shooting the gunman during an exchange of gunfire.

?They made the decision to go in there and save and rescue the hostages,? he said.

The dead bodies of three women and two men were found at two different apartment units inside the building, which Rodriguez said was in a ?very quiet neighbourhood.? Another man who was walking his children into an apartment across the street also was killed. Rodriguez said it wasn?t immediately clear whether the gunman took aim at him from an upper-level balcony or if he was hit by a stray bullet.

?From up there, he was able to shoot at people across the street, catching this one man who was just walking into his apartment,? Rodriguez said.

The entrance to the neighbourhood, which is lined with apartment buildings, remained blocked off early Saturday. Rodriguez said police were still investigating the motive and identifying the gunman and victims.

?Investigators are talking with families of the victims, neighbours, people that were present when all this began,? he said. ?That way we can start to piece together this huge puzzle that we?re working with.?

Source: http://thechronicleherald.ca/world/1144689-gunman-6-others-dead-after-hostage-standoff-in-florida

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NBC to air Kerrigan interview during Olympics

FILE - This Jan. 12, 1992 file photo shows Tonya Harding, left, and Nancy Kerrigan at the 1992 U.S. Figure Skating Championships in Orlando, Fla. On Saturday, July 27, 2013, NBC announced a documentary about the 1994 attack on Nancy Kerrigan to air during the upcoming Winter Olympics. (AP Photo/Phil Sandlin, File)

FILE - This Jan. 12, 1992 file photo shows Tonya Harding, left, and Nancy Kerrigan at the 1992 U.S. Figure Skating Championships in Orlando, Fla. On Saturday, July 27, 2013, NBC announced a documentary about the 1994 attack on Nancy Kerrigan to air during the upcoming Winter Olympics. (AP Photo/Phil Sandlin, File)

(AP) ? A new documentary on former Olympic figure skating rivals Nancy Kerrigan and Tonya Harding that includes an exclusive interview with Kerrigan will air during NBC's Winter Olympics coverage in February.

Mary Carillo will interview both women on the 20th anniversary of their dramatic showdown at the 1994 Lillehammer Olympics.

NBC's program will air three months after ESPN's "Tonya and Nancy" documentary, set for Nov. 5. That film includes new interviews with Harding, although ESPN Films said earlier this week it is still trying to persuade Kerrigan to grant an interview.

Both documentaries will recount the Jan. 6, 1994, incident in which Kerrigan was clubbed on the knee after practice for the U.S. championships in a plot masterminded by Harding's ex-husband. At the Olympics, Kerrigan won a silver medal and Harding finished eighth.

In the NBC program, Carillo interviews both Kerrigan and Harding about what they learned and where they are now.

Kerrigan has shunned the spotlight since retiring to focus on raising her three children. Harding is married with a child and has participated in several sports and reality shows.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-07-27-TV-NBC-Tonya%20and%20Nancy/id-c71422148d9f429e993fdd57a71f8c18

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Saturday, July 27, 2013

Zynga Won't Pursue US Real-Money Gambling Licenses | Online ...

July 25, 2013

zynga-real-money-united-statesSocial gamers Zynga have nixed plans to pursue real-money online gambling opportunities in the United States. The company dropped the bombshell as part of its Q2 earnings report, which saw Zynga?s revenues fall 31% to $231m, resulting in a net loss of $15.8m for the three months ending June 30. In a statement accompanying the report, new CEO Don Mattrick said Zynga needed to ?get back to basics? and take ?a longer term view on our products and business.? Mattrick said Zynga expected ?more volatility ? than we would like over the next two to four quarters.?

The day?s biggest source of volatility came via Zynga?s statement that it believed ?its biggest opportunity is to focus on free to play social games.? Zynga ?continues to evaluate? the ?test? of its UK-facing real-money gambling tie-up with pan-European operator Bwin.party digital entertainment, but Zynga had made ?the focused choice not to pursue a license for real-money gaming in the United States.? Instead, Zynga intends to ?evaluate all its priorities against the growing market opportunity in free, social gaming, including social casino offerings.? Last month, Zynga acquired games developer Spooky Cool Labs, whose lead designer Joe Kaminkow is something of a slot machine legend.

While Zynga shares closed out the day up nearly 7% to $3.50 ? buoyed in part by Facebook?s positive report the day before ? the US real-money gambling backtrack has sent Zynga?s shares into an after-hours freefall, off nearly 14% at time of writing. The question now becomes: what prompted Zynga?s real-money about-face? (Oh, right?) Zynga execs barely mentioned the subject in their post-earnings call with analysts, sticking to their mantra that it was a matter of regaining ?focus.?

Zynga had already started its pursuit of a preliminary finding of suitability from Nevada gaming regulators and ? prior to his stepping down from the CEO role at the end of June ? Zynga founder Mark Pincus barely went a week without at least alluding to the untold riches that would assuredly be Zynga?s when it began taking real-money wagers on its popular Zynga Poker and casino products. Such talk was usually sufficient to arrest Zynga?s post-IPO share price decline, but having continually sown the wind, Pincus is now reaping the whirlwind of investor dissatisfaction.

FORGET DRAW SOMETHING? DO SOMETHING
Leaving aside gambling for the moment, Zynga?s player base contracted yet again during the past three months. Daily active users (DAUs) fell to 39m, off 45% from its 72m peak last year and down 24% from Q1. Monthly active users (MAUs) fell to 187m, down 39% year-on-year and 26% sequentially. Unlike Facebook, Zynga continues to struggle to attract the growing ranks of mobile users, as its web/mobile split came to 23m/16m for DAUs and 129m/57m for MAUs.

Bookings, the price users pay for in-game purchases of virtual goods, fell to $187.6m, down 38% from Q2 2012 and down 18% from Q1 2013. While the amount paying gamers spent rose 14% in Q2, the numbers of monthly unique payers came in at 1.9m, down 51% from the year before. Zynga expects bookings will continue to fall in Q3, with projections of $125m to $150m for the coming quarter. Revenues for Q3 are also expected to come in lower, somewhere between $175m and $200m, and the company projects a net loss between $14m and $43m.

Over the past year, Zynga has been furiously tossing ballast (aka employees) overboard in order to reduce the volumes of red ink on its books. The company?s status as the interwebz top social gaming company has been usurped by companies like King and Caesars Interactive Entertainment, which have been far more adept at moving into the mobile space than Zynga. This time last year, Zynga had seven of the top-10 Facebook games; that number has since shrunk to three. Forbes? Tero Kuittinen spoke for many industry observers when he said Zynga?s ?house is on fire.? As well as Pincus? pants?

Source: http://calvinayre.com/2013/07/25/business/zynga-wont-pursue-real-money-gambling-in-us/

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New NASA telescope scours sun in 'grand opening'

This combination of images made available by NASA's Goddard Space Flight Center on Thursday, July 25, 2013 shows a comparison between the higher resolution provided by the new ISIS (Interface Region Imaging Spectrograph), right, and the SDO (Solar Dynamics Observatory) spacecraft. Launched in June 2013, NASA's IRIS has a scheduled mission of two years. Scientists say the observations will help shed light on the sun's impact on Earth. (AP Photo/NASA, Goddard Space Flight Center)

This combination of images made available by NASA's Goddard Space Flight Center on Thursday, July 25, 2013 shows a comparison between the higher resolution provided by the new ISIS (Interface Region Imaging Spectrograph), right, and the SDO (Solar Dynamics Observatory) spacecraft. Launched in June 2013, NASA's IRIS has a scheduled mission of two years. Scientists say the observations will help shed light on the sun's impact on Earth. (AP Photo/NASA, Goddard Space Flight Center)

CAPE CANAVERAL, Fla. (AP) ? NASA is getting an unprecedented close-up look at the sun, thanks to a new telescope.

NASA's IRIS spacecraft, launched just a month ago, already is providing detailed pictures of the sun. The telescope's door opened last week, and it began observing the lower solar atmospheres in never-before-seen detail. The early results were announced Thursday and hailed by the research team as exciting.

NASA's science mission directorate chief, former astronaut John Grunsfeld, says it's "a grand opening of a new era in solar physics."

IRIS is short for Interface Region Imaging Spectrograph. It will continue its mission for the next two years. Scientists say the observations will help shed light on the sun's impact on Earth.

___

Online:

NASA: http://www.nasa.gov/iris

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/b2f0ca3a594644ee9e50a8ec4ce2d6de/Article_2013-07-25-Sun%20Close-up/id-1167d076ded245f184b4d2c1a622894b

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Friday, July 26, 2013

Missionary from Utah describes Spain train wreck

SALT LAKE CITY (AP) ? Seconds before the Spanish train he was aboard lifted off the tracks "like a roller coaster," Mormon missionary Stephen Ward said he glanced up from the journal he was writing and noticed a backpack tumble from a rack. Moments later, he blacked out as the train smashed into a concrete wall at high speed.

He awoke to a scene that seemed like a nightmare.

"Everyone was covered in blood, there was smoke coming up off the train," said Ward, 18, of Bountiful, Utah. "There was a lot of crying, a lot of screaming. There were plenty of dead bodies. It was quite gruesome, to be honest."

Ward said an information screen for passengers showed that the train was traveling 194 kph (121 mph) moments before the crash. He said that speed was nearly double the speed they had been cruising at since leaving Madrid earlier that afternoon.

The train was traveling fast when it derailed Wednesday and killed dozens, but officials haven't yet confirmed how fast.

Rafael Catala, a senior transport official in Spain's Development Ministry, said it appeared to be going much faster than the track's speed limit of 80 kph (50 mph). An Associated Press analysis of security camera video of the crash indicated the train hit the bend at the crash site going twice the speed limit or more.

Ward's face was caked in blood, his leg bruised and his neck injured. But he survived a horrific crash that killed 80 people ? his latest brush with death.

Four years earlier, Ward was diagnosed with a rare cancer known as Burkitt's lymphoma and nearly died while undergoing a bone marrow transplant.

"From a religious standpoint, I'd like to say that God has something in store for me and that there's a reason I'm still here," Stephen Ward said in a phone interview with The Associated Press from La Coruna, Spain. "I count myself very lucky and very blessed to have been able to survive so many things."

Ward said he suffered a fractured vertebra in his neck but has been discharged from the hospital. He expects to stay in Spain to complete his two-year mission with The Church of Jesus Christ of Latter-day Saints, which he started six weeks ago.

He was one of at least five Americans hurt Wednesday when the train hurtled off the rails and smashed into a security wall. One American died, the U.S. State Department said. The American victim was identified by the Diocese of Arlington as Ana Maria Cordoba, an administrative employee from northern Virginia.

On Wednesday, Ward was supposed to board an earlier train from Madrid to El Ferrol, a coastal city in northwest Spain where he was sent to begin proselytizing. But he accidentally bought a ticket for the wrong day and instead went on a later train that ended up crashing as it rounded a bend about 60 miles north of Santiago de Compostela.

When he awoke from the crash, somebody was helping him walk out of his train car and crawl out of a ditch where the train car came to rest. He thought he was dreaming for 30 seconds until he felt his blood-drenched face and noticed the scene around him.

Emergency responders arrived within minutes and led him to a grassy area away from the wreckage where he laid for three hours before being taken by ambulance to a hospital.

Ward's parents didn't know he was on the train. They knew only that he was scheduled to leave Wednesday from Madrid, where had spent the first six weeks at a training center learning Spanish and how to be a missionary. When Raymond Ward, 45, saw news of the crash on his cellphone, he figured it had nothing to do with his son.

But an hour later, a Mormon church official in Spain called Raymond Ward and told him his son was on the train ? and survived.

A picture of the 6-foot-6 Stephen Ward appeared in a Spanish newspaper, blood running down his face, his father said. Stephen Ward also gave an interview from his hospital bed to The Daily Telegraph newspaper in London recounting the harrowing experience.

"He looks terrible, but he's alive so that's good," Raymond Ward said. "When we talked with him he was in good spirits."

Stephen Ward is no stranger to hospitals, having spent countless hours fighting to survive cancer when he was younger. He's been healthy since then, and is a gregarious, happy young man who plays piano and excelled in school, his dad said. He left for his mission after one year at Brigham Young University, where he is studying chemical engineering.

"Not many people come that close to death twice before age 20," Raymond Ward said. "I'm just grateful that he's alive and that he's my son."

___

Follow Brady McCombs at https://twitter.com/BradyMcCombs .

Source: http://news.yahoo.com/missionary-utah-describes-spain-train-wreck-164631895.html

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Wall Street Fundamentals Releases New In-Depth Stock Reports on ADM, BIOF, GPRE and PEIX

On Thursday, falling corn prices caused ethanol?s discount to gasoline to widen for the third consecutive day. Favorable weather outlooks have pressured corn prices to a 2 and ? year low. Based September contracts the corn crush spread, which is the difference between the cost of a gallon of ethanol and the cost of the corn used to make it, grew to $0.36 on Wednesday, compared to -$0.35 on December 31st.

Archer Daniels Midland Company (NYSE:ADM - News) shares traded in the range of $35.83 to $36.74 Thursday before settling to close at $36.64, an increase of 1.58 percent. The stock appears to be facing some resistance at $37.25 with some support at the $36.43 and $35.96 levels. Shares of Archer Daniels Midland have fallen approximately 33.8 percent year-to-date.

More information on Archer Daniels Midland and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ADM

BioFuel Energy Corp. (NASDAQ:BIOF - News) shares traded in the range of $3.55 to $3.83 Thursday before settling to close at $3.63, a decrease of 3.20 percent. The stock appears to be facing some resistance at the $3.70 and $4.12 levels with some support at $3.07. Shares of BioFuel Energy have fallen approximately 1.4 percent year-to-date.

More information on BioFuel Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BIOF

Green Plains Renewable Energy Inc. (NASDAQ:GPRE - News) shares traded in the range of $16.78 to $17.65 Thursday before settling to close at $17.60, an increase of 3.47 percent. The stock appears to have some support at the $16.88, $16.18 and $14.53 levels. Shares of Green Plains Renewable Energy have gained approximately 122.0 percent year-to-date.

More information on Green Plains and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GPRE

Pacific Ethanol Inc. (NASDAQ:PEIX - News) shares traded in the range of $3.95 to $4.83 Thursday before settling to close at $4.00, a decrease of 10.11 percent. The stock appears to be facing some resistance at the $4.35 and $4.65 levels with some support at $3.99. Shares of Pacific Ethanol have fallen approximately 15.6 percent year-to-date.

More information on Pacific Ethanol and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PEIX

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

Source: http://news.yahoo.com/wall-street-fundamentals-releases-depth-stock-reports-adm-124000971.html

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Capital Gains Tax | Kiwiblog

July 25th, 2013 at 2:00 pm by David Farrar

The Herald reports:

A capital gains tax on property makes little sense unless it also applies to the family home, says Finance Minister Bill English.

Speaking at today?s Mood of the Boardroom event in Auckland, English told the country?s top business leaders the government was maintaining its ?clear position? on the capital gains tax debate.

?We?re not supporting the extension of the current capital gains tax,? he said.

?The overseas experts who tell us we need it all say that it should be comprehensive on all capital gains. And if you don?t do the whole thing then it probably doesn?t make much difference.?

I broadly agree with this. My position on Capital Gains Tax is this:

  1. We should have a comprehensive capital gains tax (many capital gains are already taxed, but not ?incidental? ones)
  2. There should be no exemptions, including the family home. To do so will just encourage tax avoidence by giving each family member a home etc.
  3. Other tax rates (income and company rates) must drop by at least as much as the extra revenue a CGT would generate for the Government.

You need to do all three together, to get a broad based low rate tax regime ? which is what is best for economic growth. What you shouldn?t do is bring in an exemption riddled CGT and use it as a way to screw taxpayers over for more money to fund extra spending ? which appears to be Labour?s policy.

Tags: Bill English, capital gains tax

Source: http://www.kiwiblog.co.nz/2013/07/capital_gains_tax-2.html

Tsunami

Growth in Turkish tourism slowed sharply during unrest

ISTANBUL (Reuters) - Visitor arrivals to Turkey rose at the slowest pace in seven months in June when weeks of anti-government protests shook major cities, although tourism in the country's coastal resorts was much less severely affected.

After double-digit growth in April and May, visitor arrivals in June rose by just 4.93 percent from a year earlier, data showed on Thursday, the lowest rise since November. That indicates some negative impact on Turkey's already slowing economy, although the unrest has since eased.

Tourism revenues constitute one of the most important items that help finance Turkey's current account deficit, its main economic weakness. According to central bank data, tourism revenue stood at $22.8 billion in the 12 months to the end of May while the current account deficit was at $53.6 billion.

The government forecasts economic growth of 4 percent this year, up from 2.2 percent last year, but less than half the rate of growth in 2011 and Finance Minister Mehmet Simsek said on Wednesday that he saw risks to the country's growth outlook.

Tourism rose by nearly 18 percent in May from a year earlier and by 13 percent in April. Slower growth in June meant Turkey drew only 4.07 million visitors, the data from the tourism ministry showed.

Riot police fired tear gas and water cannon against demonstrators, some of them throwing stones, night after night in June after a peaceful protest against plans to redevelop an Istanbul square spiraled into an unprecedented show of defiance against Prime Minister Tayyip Erdogan's government.

Istanbul was the hardest hit with its central Taksim square, lined by hotels, the epicenter of the unrest. Aegean and Mediterranean coastal resorts and other popular destinations, however, were largely unaffected by protests.

Arrivals to Antalya on the Mediterranean coast rose around 8 percent in June from a year earlier against a rise of just 2 percent for Istanbul.

Tourism this year has improved from last year when the number of foreign visitors to Turkey rose 1.04 percent to 31.78 million people.

(Reporting by Seda Sezer; Writing by Nick Tattersall; Editing by Susan Fenton)

Source: http://news.yahoo.com/growth-turkish-tourism-slowed-sharply-during-unrest-105838373.html

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Thursday, July 25, 2013

Wunderlist Pro Gets File Sharing And Business Plan Pricing As Wunderlist Nears 5M Users

wunderlist-pro-filesBerlin-based 6Wunderkinder is adding more features to its new Wunderlist Pro paid tier of service today, answering the number one request of its users with the addition of file upload and sharing. Users can add files to tasks and synchronize them across devices and team members for collaboration purposes. That, along with newly introduced pricing plans for Wunderlist Pro aimed at businesses, should help growth of the revenue-driving service skyrocket, says 6Wunderkinder founder and CEO Christian Reber.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/A_M4HWvUAyI/

Jacintha Saldanha

Holiday reading: The latest scientific must-reads

Enter our prize draw: Click here for a chance to win all 12 books reviewed in this week's CultureLab

Frankenstein's Cat by Emily Anthes, Oneworld/Scientific American Books, ?8.99/$26
From glow-in-the-dark cats to cyborg insects, Anthes explores the possibilities and pitfalls of genetically engineering animals. Fascinating, sharp and a bit scary.

Drugs 2.0 by Mike Power, Portobello Books, ?14.99
Power takes a trip through the secretive world of the online recreational drug industry. A clear-headed look at a hidden subculture.

The Shadow King by Jo Marchant, Da Capo Press, ?17.99/$26.99
Marchant dispels the myths around ancient Egypt's most famous pharaoh, revealing what we can and can't know about Tutankhamun. An unusual, gripping spin on the familiar.

Stuff Matters by Mark Miodownik, Viking, ?18.99
Materials scientist Miodownik reveals the secrets of marvellous man-made materials, such as silica aerogel, the lightest solid in the world, and how they changed our lives. A treasure trove for the curious.

Higgs by Jim Baggott, Oxford University Press, ?8.99/$15.95
A thorough and readable explanation of the lengthy hunt for the Higgs boson and why its discovery last year is so important.

How to Make a Zombie by Frank Swain, Oneworld, ?8.99/$15.95
Discover the little-known science of mind and body control, including some ghoulish remote-controlled rats. Rollicking good fun.

The Drunken Botanist by Amy Stewart, Timber Press/Algonquin Books, ?14.99/$19.95
A cook's tour of the stupefying array of plants that we ferment for their intoxicating properties, plus some delicious-looking cocktail recipes: from gin with violet flowers to vodka with walnuts, just reading them will set your tastebuds tingling.

This article appeared in print under the headline "Hand luggage"

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London & Berlin - It's Time For The TechCrunch PitchOff For #DisruptEurope

London and Berlin, prepare yourself for a visit from TechCrunch at the TC Meetup + PitchOff events next week. We?ll be hitting Europe to see what it?s made of and to make sure you all know about TechCrunch Disrupt Europe. There will be great networking opportunities, and a battle to the death to see which entrepreneurs can dazzle and excite in under 60 seconds. This will be the (please now imagine a pre-wrestling voice) ULTIMATE TECH CITY STARTUP FACE-OFF!

PitchOff details:

LONDON INFO HERE

Office hours details

  • Office Hours are for companies selected for the Pitch-off, these 15 minute 1 on 1 talks will be held on the day of the event. ?We?ll hear about your company, give feedback, and talk about the best pitch strategy for the 60-second rapid-fire competition. More information on Office Hours will follow in a post on TechCrunch.

Pitch-off winners

  • We will have 3 judges who will decide on the winners of the PitchOff. ?First place will receive a table in Startup Alley at the upcoming TechCrunch Disrupt Europe in Berlin. ?Second Place will receive 2 tickets to the upcoming TechCrunch Disrupt. ?Third Place will receive 1 ticket?to the upcoming TechCrunch Disrupt.

Venue in London

  • Ground Floor ? CAMPUS LONDON, 4-5 Bonhill Street, London EC2A 4BX
  • Event runs from 3 p.m. ? 5:30 p.m. on Monday July 29th, 2013
  • We will de-camp to a local bar afterwards, sponsors welcome to support (email sponsors@techcrunch.com)

BERLIN INFO HERE

Venue in Berlin

  • The Factory ? Rheinsberger Stra?e 76/77, Berlin, Germany
  • Event runs from 7 p.m. ? 9 p.m. August 2nd, 2013

Questions about the events? Please contact:?events@techcrunch.com.

How To Become A Sponsor

  • For more information on sponsorship packages and to discuss becoming a sponsor, please contact?sponsors@techcrunch.com.

And whether you?re an investor, entrepreneur, dreamer or tech enthusiast, we want to see you at the event, so we can give you free beer and hear your thoughts. Come one, come all.

Your city isn?t here? We?ll be planning more to come.

Source: http://techcrunch.com/2013/07/24/london-berlin-its-time-for-the-techcrunch-pitchoff-for-disrupteurope/

hoodie

Miesha Tate Hit On By College Basketball Star

Florida Gulf Coast University became Cinderella during the recent NCAA Men's Basketball Tournament, defeating Georgetown and sparking a rally for the program.

However, star Sherwood Brown didn't make a fan out of Miesha Tate when the two crossed paths recently.

Check out the video below to see how "not" to hit on Tate, who will challenge Ronda Rousey for the UFC female title in December at UFC 168: Weidman vs. Silva II.

Like FightLine.com on Facebook by clicking the "Like" button below:

Source: http://feedproxy.google.com/~r/fightline_ufc_news/~3/l8_ouDnI97g/

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Wednesday, July 24, 2013

Kirstie Alley Praises Kanye West for Paparazzi Member Beatdown

Source: http://www.thehollywoodgossip.com/2013/07/kirstie-alley-praises-kanye-west-for-paparazzi-member-beatdown/

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Six killed in Egypt as supporters of ousted Morsi hold vigils

Hussein Malla / AP

Opponents of ousted President Mohammed Morsi carry their injured friend who was wounded during clashes with Morsi supporters in Cairo on Monday.

By Ayman Mohyeldin and Charlene Gubash, NBC News

CAIRO - A day and night of clashes between supporters and opponents of ousted Egyptian President Mohammed Morsi left nine dead and wounded close to 90 in and around the capital Cairo, health officials said Tuesday.

Six people were killed and 33 wounded overnight in violence near Cairo University, where hundreds of Morsi backers have been holding a sit-in to protest his removal by the army earlier this month, Health Ministry Director of Emergency Care Services Dr. Khalid el Khatib said. ?

Police sources told Reuters that Morsi supporters clashed with residents and street vendors at the university's Giza campus, just south of Cairo. ?

One was killed in violence near Tahrir Square, the epicenter of the protest movement that culminated in the removal from power for authoritarian president Hosni Mubarak on Feb. 11, 2011. Two died in clashes in Qaloubya City, to the north of Cairo.

Nearly fifty were wounded in clashes in Tahrir,?Qalyoub ?City and Cairo's?Madinat Nasr.

Close to 100 have died in violence since the army overthrew Morsi, a member of the Muslim Brotherhood, on July 3 after a nationwide movement.

Hussein Malla / AP

A man fires his weapon during clashes between opponents and supporters of ousted President Mohammed Morsi in Cairo on Monday.

The Islamist president has been held incommunicado at an undisclosed location since the power shift, which the Muslim Brotherhood -- and countries in the region including Turkey -- consider a coup.

Both sides accuse each other of instigating the violence, and supporters of the deposed president, who are holding round-the-clock vigils to protest the army's move, have complained that police are not protecting them when heir marches come under attack by thugs.

And some residents close to the Brotherhood protests have filed a complaint demanding they be removed.

A security source told Reuters that the case was expected to ruled on soon "to give the army a legal basis to end the protests."?

On Monday, Morsi's family accused the military of "kidnapping" him and said they would seek help from the International Criminal Court.

In the first statement from Morsi's family since his July 3 overthrow by the military, his daughter Shaimaa told a news conference in Cairo that they hold the army responsible for his "safety and security."

Reuters contributed to this report.

Related:

Source: http://feeds.nbcnews.com/c/35002/f/663309/s/2f0bf0c9/sc/20/l/0Lworldnews0Bnbcnews0N0C0Inews0C20A130C0A70C230C196320A830Esix0Ekilled0Ein0Eegypt0Eas0Esupporters0Eof0Eousted0Emorsi0Ehold0Evigils0Dlite/story01.htm

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NJ town: Snooki and storm rebuilding don't mix

BERKELEY TOWNSHIP, N.J. (AP) ? Some residents of a Jersey shore town say they don't want reality star Nicole "Snooki" Polizzi to benefit from efforts to rebuild from Superstorm Sandy.

Berkeley Township residents and officials say Polizzi plans to vacation and film in a house there for the new season of her "Jersey Shore" spinoff, "Snooki and JWoww."

Some homeowners have hired a lawyer to try to block production.

The Star-Ledger of Newark (http://bit.ly/11bkZBj ) reports that dozens of people attended a council meeting Monday, and many of them blasted township officials, fearing a circus-like atmosphere.

Polizzi writes on Instagram that she doesn't understand why people want to ban her, her son and fiance from enjoying summer at the shore. She went on to say, "Grow up, get over yourself and move on."

___

Information from: The (Newark, N.J.) Star-Ledger, http://www.nj.com

Source: http://news.yahoo.com/nj-town-snooki-storm-rebuilding-dont-mix-112615911.html

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Chinese earthquake kills 75, nearly 500 injured

BEIJING (AP) ? China says the death toll from a shallow earthquake in country's northwest has risen to 75.

The quake struck a dry, hilly farming area in western China early Monday near the city of Dingxi in Gansu province.

The government's earthquake monitoring service said an additional 459 people were injured.

The center said the initial quake at 7:45 a.m. had a magnitude of 6.6 and subsequent tremors included one with a magnitude of 5.6.?

The center said it struck about 12 miles beneath the surface, while the Gansu provincial earthquake administration said it was just three miles deep.

The U.S. Geological Survey measured the magnitude of the initial quake at 5.9 and the depth at 6 miles.

?2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source: http://www.localmemphis.com/news/world/story/Chinese-earthquake-kills-75-nearly-500-injured/4YlYACJapEuaLNrjqNUkYA.cspx?rss=62

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Tuesday, July 23, 2013

This Lego NES Is Just as Much Fun as the Real Thing

This Lego NES Is Just as Much Fun as the Real Thing

This NES is a painstaking recreation of the real thing?and we reckon making it was perhaps even more fun than playing the old version of Final Fantasy you have lying around.

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/7yvjY3EIKR0/this-lego-nes-is-just-as-much-fun-as-the-real-thing-865637372

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Sigma-Aldrich (NASDAQ: SIAL) Reports Q2 2013 Sales And Adjusted EPS Of $681 Million And $1.05, Respectively, Both Record Quarterly Highs. Reaffirms Full Year 2013 Organic Sales Outlook. Updates Diluted Adjusted EPS Outlook To A New Range Of $4.05 To $4.15

ST. LOUIS, July 23, 2013 /PRNewswire/ --

HIGHLIGHTS:

Q2 2013 Results (all percentages are to comparable periods in 2012)

  • Q2 2013 reported sales increased 3% to $681 million.? Organic sales growth was 4%.? Organic sales growth by business unit was 3% for Research, 6% for Applied and 2% for SAFC Commercial.? Changes in foreign currency exchange rates reduced otherwise reportable overall sales by 1%.?
  • Q2 2013 reported diluted EPS was $0.98 compared to Q2 2012 reported diluted EPS of $0.94.? Adjusted diluted EPS, excluding other charges, was $1.05 as compared to Q2 2012 adjusted diluted EPS of $0.97, an increase of 8%.?
  • First half 2013 net cash provided by operating activities increased by 19% to $269 million, and first half 2013 free cash flow increased by 31% to $220 million.
  • In June, the Company's Board of Directors approved a quarterly cash dividend of $0.215 per share to be paid on September 13, 2013 to shareholders of record on August 30, 2013.

2013 Outlook (all percentages are to comparable periods in 2012)

  • Full-year organic sales growth guidance is unchanged and expected to be in the low-to-mid single digit range.?
  • At current exchange rates, full-year reported sales are expected to be negatively impacted by about 2% versus a year ago.? Diluted EPS is expected to be negatively impacted by about $0.10 versus a year ago, which is $0.05 higher than our previous outlook.
  • Full-year adjusted diluted EPS is now expected to be in a range of $4.05 to $4.15 versus a prior range of $4.10 to $4.20 due to incremental changes in foreign currency exchange rates.? Net cash provided by operating activities and free cash flow is expected to exceed $560 million and $430 million, respectively.

?

CEO's STATEMENT:??

Commenting on second quarter 2013 performance, President and CEO Rakesh Sachdev said, "I am pleased to report record quarterly sales and adjusted diluted EPS of $681 million and $1.05, respectively.? We generated solid organic sales growth across all business units and regions with six of our eight segments improving sequentially over the first quarter 2013.? We continue to generate strong free cash flow, and we remain on track to achieve our 2013 full-year organic sales growth.

I am pleased with the progress that we saw in our Research business in the second quarter and continue to be encouraged by the response that we are seeing in our Applied business.? Through the more intimate approach we are now taking with our customers, our teams are identifying and providing solutions that better meet their needs.? This has resulted in opportunities with new customers and deepening our relationship with existing customers, both of which should positively impact us in the second half of the year and beyond.

All segments in our Research business unit showed positive and improving organic sales growth.? Pharma Research sales continued its four-quarter improvement trend, and sales through our Dealer channels continued to post solid growth in EMEA (Europe, Middle East, Africa) and APAC (Asia Pacific).? While we continue to see weaker academic demand in the US primarily due to sequestration and budget uncertainties, we did see improvement over the first quarter of this year.? New products such as labeling technology, metabolomic kits, proteins and antibodies, contributed to our sales growth.? We are also seeing good initial response in customer-intimacy initiatives like Aldrich Market Select and translational research activity.

All segments in our Applied business unit also showed positive and improving organic sales growth, led by high-single digit growth in Diagnostics & Testing and low-to-mid single digit growth in Industrial.? Our Applied teams are doing an excellent job since the launch of the new business unit, led by multiple Diagnostic & Testing wins in standards and OEM sales.? Industrial sales also improved from the first quarter, as sales in EMEA and APAC strengthened.

SAFC Commercial organic sales growth of 2% in the quarter fell short of our expectations.? This was driven primarily by a challenging chemical precursor market for the LED industry served by our Hitech segment.? Excluding the decline in Hitech, which comprises less than 5% of overall sales, SAFC Commercial sales would have organically grown in the mid-to-high single digits.

SAFC Life Science Products had another strong quarter of high-single digit organic sales growth, led by strong double digit growth in contract manufacturing and high-single digit growth in biopharma.? Life Science Services grew low-single digits, marking an improvement over the first quarter of 2013.

We continue to generate strong cash flow.? In the first six months of 2013, we increased our free cash flow by 31% to $220 million compared to the same period last year. ?We continue to maintain the disciplined approach to capital deployment for M&A, dividends and share repurchases that has served us well in generating long-term shareholder value."

Q2 2013 RESULTS:

Reported sales for the second quarter of 2013 were $681 million, a 3% increase from the same quarter in 2012.? Organic sales growth in the quarter was 4%.? Changes in foreign currency exchange rates caused sales to decline by 1%.?

Research ($353 million in sales, 52% of overall sales)

  • Organic sales grew by 3%.? Changes in foreign currency exchange rates reduced overall Research growth by 1%.
  • Academic/Government organic sales growth was in the low-single digits despite the challenging macro-economic climate.? Growth contribution was broad-based across all product categories.? Geographically, EMEA and APAC grew with a decline in North America due primarily to sequestration.
  • Pharma organic sales growth was in the low-to-mid single digits, which continues a four-quarter trend of sequential improvement, led by a return to growth in sales to large pharma accounts.
  • Organic sales growth through our Dealer network was in the mid-single digits and posted strong growth globally.

Applied ($160 million in sales, 23% of overall sales)

  • Organic sales grew by 6%.? Changes in foreign currency exchange rates had minimal impact on overall sales growth.?
  • Diagnostics & Testing organic sales growth was in the high-single digits.? Sales of standards and certified reference materials grew low double digits.
  • Industrial organic sales growth was in the low-to-mid single digits.? EMEA demand improved from the first quarter of 2013 and shows a growing pipeline for the second half of the year.? ??

SAFC Commercial ($168 million in sales, 25% of overall sales)

  • Organic sales grew 2%.? Changes in foreign currency exchange rates had minimal impact on overall sales growth.??
  • Life Science Products organic sales growth was in the high-single digits.? Contract manufacturing again grew in the strong double digits led by our unique offering of high potency compounds.? Biopharma materials, including cell culture media, grew in the high-single digits.
  • Life Science Services organic sales growth was in the low-single digits, an improvement over the first quarter of the year.
  • Hitech organic sales declined double-digits.? The year-over-year decline was almost entirely due to weakness in sales to the LED market caused by price declines of metal organic precursors and lower volumes in the quarter.? Sales to the LED market represent about half of Hitech sales.

Adjusted operating income margin in the second quarter of 2013 was 26.1%.? This excludes other charges of $12 million related to M&A activity and a settlement of a licensing dispute.? Compared to same period in the prior year, our adjusted operating income margin improved by 30 basis points.?

The effective tax rate for the second quarter of 2013 was 28% compared to 31% in the same period last year.? The lower effective tax rate for this quarter as compared to the second quarter of 2012 is primarily attributable to increased benefits from favorable tax rates in foreign jurisdictions.

For the first half of 2013, free cash flow was $220 million as compared to $168 million in the same period last year.

Other second quarter 2013 highlights include:

  • Worldwide sales of Research and Applied products through the Company's e-commerce channels represented 47% of combined sales in the quarter for these two business units.? Total visits increased by 32% as information content initiatives such as Pubget, a comprehensive online source for scientific publications, drove higher web traffic during the quarter.
  • Organic sales growth in the Americas region was in the low-single digits.? Organic sales growth in the EMEA region was in the mid-single digits.
  • Organic sales growth in the APAC region was in the low-single digits.? Research and Applied organic sales growth in developed regions was flat and was in the double-digits in emerging regions.? Research and Applied organic sales growth in China grew double digits.? SAFC Commercial sales in APAC declined double digits primarily due to declines in Hitech.

2013 OUTLOOK:

  • 2013 overall organic sales growth outlook is unchanged and expected to be in the low-to-mid single digit range.
    • In the second half of 2013, Research organic sales growth is expected to be in the low-to-mid single digit range versus prior guidance of low-single digits.
    • In the second half of 2013, Applied organic sales growth is expected to be in the mid-single digit range.
    • In the second half of 2013, SAFC Commercial is expected to be near the low end of prior guidance of mid-to-high single digit organic sales growth.? The primary driver is lower expectations for Hitech Electronics markets. ?
  • Changes in foreign currency exchange rates are expected to reduce overall sales growth by 2% for the full year.? This is expected to have a $0.10 negative impact, net of hedges, to full-year diluted adjusted EPS with the negative impact anticipated to be higher in the fourth quarter than in the third quarter.
  • 2013 adjusted diluted EPS forecast is now expected to be in a range of $4.05 to $4.15, which is $0.05 lower than prior guidance of a range of $4.10 to $4.20, due to incremental changes in foreign currency exchange rates.?
  • The full-year effective tax rate is expected to be about 28%.
  • Free cash flow is expected to exceed $430 million.?
    • Net cash provided by operating activities is expected to exceed $560 million.
    • Capital expenditures are expected to be approximately $130 million.

OTHER INFORMATION:

Cash Flow and Debt:? Net cash provided by operating activities for the first half of 2013 was $269 million compared to $226 million for the same period in 2012.? Capital expenditures in the first half of 2013 were $49 million compared to $58 million in the same period last year.? For the first half of 2013, free cash flow of $220 million was used to return $108 million to shareholders through share repurchases and dividends.? The Company's debt to capital ratio was 14% at June 30, 2013 and 21% at December 31, 2012.?

Share Repurchases:? In the second quarter of 2013, the Company repurchased 350,000 shares for $29 million.? There were 120 million shares outstanding at June 30, 2013. ?The Company expects to continue to offset the dilutive impact of issuing share-based incentive compensation with future repurchases, the timing and amount of which will depend upon market conditions and other factors.

Conference Call Information:? The Company will hold its quarterly conference call to discuss second quarter 2013 financial results on Tuesday, July 23, 2013, at 11:00 AM EDT.? To listen, please call (877) 266-0483 (Domestic) or (707) 287-9342 (International) and use Conference ID#:? 45732738.? Details to listen and view the presentation slides via the Internet can be found at http://investor.sigmaaldrich.com/.

A replay of the call will be available from 7/23/2013 to 7/30/2013.? For the replay, please call (855) 859-2056 (Domestic) or (404) 537-3406 (International) and use Conference ID# 45732738 or go to http://investor.sigmaaldrich.com/ under "Presentations & Events."

Cautionary Statement:? This release contains forward-looking statements.? Such statements involve risk and uncertainty, including financial, business environment and projections.? Such statements are preceded by, followed by or that include the words "expected," "expects," "reaffirm," "on track," "forecast," "would," "estimate," "will," or similar expressions, and other statements contained herein regarding matters that are not historical facts.? Additionally, this release contains forward-looking statements relating to future performance, goals, strategic actions and initiatives and similar intentions and beliefs, including, without limitation, statements with respect to the Company's expectations, goals, beliefs, intentions and the like regarding future sales, earnings, return on equity, return on invested capital, cost savings, process improvements, free cash flow, share repurchases, capital expenditures, acquisitions and other matters.? These statements are based on assumptions regarding the Company operations, investments, acquisitions and conditions in the markets the Company serves.? The Company believes these statements are reasonable and well founded.? Such statements in this release are subject to risks and uncertainties, including, among others, certain economic, political and technological factors.? Actual results could differ materially from those stated or implied in this release, due to, but not limited to, such factors as (1) global economic conditions and other factors affecting the creditworthiness of our customers around the world, (2) changes in pricing and the competitive environment and the global demand for the Company's products, (3) changes in foreign currency exchange rates, (4) changes in research funding and the success of research and development activities, (5) failure of planned sales initiatives in our Research, Applied and SAFC Commercial business units, (6) dependence on uninterrupted manufacturing operations and a global supply chain, (7) changes in the regulatory environment in which the Company operates, (8) changes in worldwide tax rates or tax benefits from domestic and international operations, including the matters described in Note 11 ? Income Taxes, to the Company's consolidated financial statements included in Item 8 of Part II of the Company's Annual Report on Form 10-K for the year ended December 31, 2012 (the "10-K"), (9) exposure to litigation including product liability claims, (10) the ability to maintain adequate quality standards, (11) reliance on third party package delivery services, (12) an unanticipated increase in interest rates, (13) other changes in the business environment in which the Company operates, (14) acquisitions or divestitures of businesses, and (15) the outcome of the outstanding matters described in Note 12 ? Contingent Liabilities and Commitments, to the Company's consolidated financial statements included in Item 8, Part II of the 10-K.? A further discussion of the Company's risk factors can be found in Item 1A of Part I of the 10-K.? The Company does not undertake any obligation to update these forward-looking statements.

About Sigma-Aldrich: ?Sigma-Aldrich is a leading Life Science and High Technology company whose biochemical and organic chemical products, kits and services are used in scientific research, including genomic and proteomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical, diagnostics and high technology manufacturing.? Sigma-Aldrich customers include more than one million scientists and technologists in life science companies, university and government institutions, hospitals and industry.? The Company operates in 37 countries and has approximately 9,000 employees whose objective is to provide excellent service worldwide.? Sigma-Aldrich is committed to accelerating customer success through innovation and leadership in Life Science, High Technology and Service.? For more information about Sigma-Aldrich, please visit its website at www.sigma-aldrich.com.

Non-GAAP Financial Measures: ?The Company supplements its disclosures made in accordance with accounting principles generally accepted in the United States (U.S. GAAP) with certain non-GAAP financial measures.? The Company does not, and does not suggest investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial information.? These non-GAAP measures may not be consistent with the presentation by other companies inside or outside of the Company's industry.? Whenever the Company uses such non-GAAP measures, it provides a reconciliation of such measures to the most closely applicable GAAP measure.? See the Supplemental Financial Information on pages 9, 10 and 11 of this release for these reconciliations.

With over 60% of sales denominated in currencies other than the U.S. dollar, management uses currency adjusted sales growth when analyzing Company performance, and believes it is useful as well to investors to judge the Company's performance.? Organic sales growth data presented in this release excludes currency and acquisitions impacts. ?The Company calculates the impact of changes in foreign currency exchange rates by multiplying current period activity by the difference between current period exchange rates and prior period exchange rates.? The result is the defined impact of "changes in foreign currency exchange rates." ?While we are able to report past currency impacts, we are unable to estimate changes that may occur later in 2013 to applicable exchange rates.? Any significant changes in currency exchange rates would likely have a significant impact on reported growth rates due to the volume of sales denominated in foreign currencies.

Management also uses the following non-GAAP measures to judge its performance and ability to?pursue opportunities that enhance shareholder value:? adjusted net income and EPS; adjusted operating income margin (reconciled on page 11); and free cash flow (defined on page 9).? Free cash flow does not necessarily represent the residual cash flow available for discretionary expenditures.? Management believes this non-GAAP information is useful to investors as well.?

?

SIGMA-ALDRICH CORPORATION

Consolidated Statements of Income (Unaudited)

(in millions except per share amounts)


























Three Months Ended


Six Months Ended


June 30,


June 30,


2013


2012


2013


2012

Sales

$ ? ? ? ? ? ? ?681


$ ? ? ? ? ? ? ? ? ? ?664


$ ? ? ? ? ? 1,356


$ ? ? ? ? ? ? 1,329

Cost of products and services sold

340


324


671


634

Gross profit

341


340


685


695

Selling, general and administrative expenses

147


151


308


311

Research and development expenses

16


18


33


36

Other charges

12


4


12


9

Operating income

166


167


332


339

Interest, net

1


1


2


2

Income before income taxes

165


166


330


337

Provision for income taxes

46


51


89


105

Net income

$ ? ? ? ? ? ? ?119


$ ? ? ? ? ? ? ? ? ? ?115


$ ? ? ? ? ? ? ?241


$ ? ? ? ? ? ? ? ?232

















Net income per share - Basic

$ ? ? ? ? ? ? 0.99


$ ? ? ? ? ? ? ? ? ? 0.95


$ ? ? ? ? ? ? 2.01


$ ? ? ? ? ? ? ? 1.92

Net income per share - Diluted

$ ? ? ? ? ? ? 0.98


$ ? ? ? ? ? ? ? ? ? 0.94


$ ? ? ? ? ? ? 1.99


$ ? ? ? ? ? ? ? 1.90

















Weighted average number of shares outstanding - Basic

120


121


120


121

Weighted average number of shares outstanding - Diluted

121


122


121


122

?

?????

SIGMA-ALDRICH CORPORATION

Consolidated Balance Sheets

(in millions)






(Unaudited)




June 30,


December 31,


2013


2012

ASSETS




Current assets:




Cash and cash equivalents

$ ? ? ? ? ? ? ? 562


$ ? ? ? ? ? ? ? ?724

Accounts receivable

405


356

Inventories

709


722

Deferred taxes

33


32

Other?

95


95

??? Total current assets

1,804


1,929





Property, plant and equipment:




Property, plant and equipment

2,020


2,011

Less - accumulated depreciation

(1,216)


(1,182)

??? Property, plant and equipment, net

804


829





Goodwill

671


691

Intangibles, net

263


282

Other

124


89

Total assets

$ ? ? ? ? ? 3,666


$ ? ? ? ? ? ? 3,820





LIABILITIES AND STOCKHOLDERS' EQUITY




Current liabilities:




Notes payable

$ ? ? ? ? ? ? ? 129


$ ? ? ? ? ? ? ? ?383

Accounts payable

152


160

Payroll?

51


55

Income taxes?

26


26

Other

88


77

??? Total current liabilities

446


701





Long-term debt

300


300

Pension and post-retirement benefits

131


135

Deferred taxes

61


64

Other

75


74

? Total liabilities

1,013


1,274





Stockholders' equity:




Common stock

202


202

Capital in excess of par value

305


276

Common stock in treasury

(2,320)


(2,271)

Retained earnings

4,459


4,270

Accumulated other comprehensive income

7


69

??? Total stockholders' equity

2,653


2,546





Total liabilities and stockholders' equity

$ ? ? ? ? ? 3,666


$ ? ? ? ? ? ? 3,820

?

SIGMA-ALDRICH CORPORATION

Consolidated Statements of Cash Flows (Unaudited)

(in millions)






Six Months Ended


June 30,


2013


2012

Cash flows from operating activities:




??? Net income

$ ? ? ? ? ? ? ? 241


$ ? ? ? ? ? ? ? ?232

????Adjustments to reconcile net income to net cash provided by operating activities:




??????? Depreciation and amortization

69


67

??????? Deferred income taxes

(3)


23

??????? Stock-based compensation expense

13


9

??????? Other

(9)


(3)

??? Changes in operating assets and liabilities:




??????? Accounts receivable

(62)


(45)

??????? Inventories

(1)


(28)

??????? Accounts payable

(5)


(4)

??????? Income taxes

3


(20)

??????? Other, net

23


(5)

??????????? Net cash provided by operating activities

269


226





Cash flows from investing activities:




??? Capital expenditures

(49)


(58)

??? Purchases of investments

(75)


(61)

??? Proceeds from sales of investments

44


40

??? Acquisitions of businesses, net of cash acquired

?


(389)

??? Proceeds from sale of net assets

9


?

??? Other, net

(1)


(5)

??????????? Net cash used in investing activities

(72)


(473)





Cash flows from financing activities:




??? Net issuance/(repayment) of short-term debt

(254)


227

??? Dividends

(52)


(49)

??? Share repurchases

(56)


(50)

??? Proceeds from exercise of stock options

19


21

??? Excess tax benefits from stock-based payments

5


8

??????????? Net cash provided by/(used in) financing activities

(338)


157





Effect of exchange rate changes on cash

(21)


(3)

Net change in cash and cash equivalents

(162)


(93)

Cash and cash equivalents at January 1

724


665

Cash and cash equivalents at June 30

$ ? ? ? ? ? ? ? 562


$ ? ? ? ? ? ? ? ?572









Reconciliation of Free Cash Flow




(in millions)





Six Months Ended


June 30,


2013


2012





Net cash provided by operating activities

$ ? ? ? ? ? ? ? 269


$ ? ? ? ? ? ? ? ?226

Less: Capital expenditures

(49)


(58)

Free cash flow

$ ? ? ? ? ? ? ? 220


$ ? ? ? ? ? ? ? ?168

?

SIGMA-ALDRICH CORPORATION

Supplemental Financial Information - (Unaudited)


























Sales Growth by Business Unit













Three Months Ended







June 30, 2013











Adjusted







Reported


Currency


(Organic)
















???? Research


2 %


(1)%


3 %





???? Applied


6 %


?%


6 %





???? SAFC Commercial

Source: http://news.yahoo.com/sigma-aldrich-nasdaq-sial-reports-110000603.html

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