Former PM Thinley out, India to continue 'special' relationship with Bhutan

NEW DELHI: Victory of People's Democratic Party (PDP) in what was only the second democratic elections in tiny, landlocked but strategically important Bhutan has raised hopes of an early settlement to the situation arising out of India's withdrawal of subsidy on its supply of LPG and kerosene.

PM Manmohan Singh wrote to PDP chief Tshering Tobgay that he has already asked his officials to prepare for discussions over India's plan assistance to Bhutan. Singh assured him of "unflinching and steadfast" support from India. Singh said India is and will always be mindful of Bhutan's interests and that India is a privileged partner of Bhutan in its socio-economic progress.

After PDP swept the polls on Saturday, senior government sources said India is looking forward to continuing its "special and unique" relationship with Bhutan. They said the government will not allow the rural poor in Bhutan to suffer and that efforts will be made to expedite terms and conditions for a fresh wave of financial assistance to Thimpu.

While New Delhi has painstakingly tried to convince all that Druk Phuensum Tshogpa (DPT) chief and former prime minister Jigme Thinley's policies were not a dampner for ties - citing in the process his 9 visits to India in the past 5 years - the truth is that India doesn't mind seeing the back of Thinley at all.

New Delhi was alarmed not just by Thinley, who made himself the official ambassador of Bhutan's Gross National Happiness phenomenon, reaching out to Beijing but also the manner in which he established diplomatic ties with many other countries without bothering to take South Block into confidence.

While many in Bhutan have attributed motives to India's decision to cut subsidy on cooking gas and kerosene during the elections, official sources said that for India the successful conduct of second election is indicative of consolidation of democracy in Bhutan. "India has always held that it is happy to work with all in Bhutan. Looks to continue the special and unique relationship," said a government source.

What's interesting is that it was the PDP which seemed to be giving vent to India's concerns when it repeatedly blamed DPT for strained ties with India. The party blamed Thinley's policies even for the subsidy cut by India.

Source: http://timesofindia.indiatimes.com/india/Former-PM-Thinley-out-India-to-continue-special-relationship-with-Bhutan/articleshow/21066908.cms

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At court, groups gather to await Zimmerman verdict

George Zimmerman arrives in the courtroom for his trial at the Seminole County Criminal Justice Center, in Sanford, Fla., Friday, July 12, 2013. Zimmerman is charged in the 2012 shooting death of unarmed teenager Trayvon Martin. (AP Photo/Orlando Sentinel, Joe Burbank, Pool)

George Zimmerman arrives in the courtroom for his trial at the Seminole County Criminal Justice Center, in Sanford, Fla., Friday, July 12, 2013. Zimmerman is charged in the 2012 shooting death of unarmed teenager Trayvon Martin. (AP Photo/Orlando Sentinel, Joe Burbank, Pool)

George Zimmerman wipes his face after arriving in the courtroom during his trial at the Seminole County Criminal Justice Center, in Sanford, Fla., Friday, July 12, 2013. Zimmerman is charged in the 2012 shooting death of unarmed teenager Trayvon Martin. (AP Photo/Orlando Sentinel, Joe Burbank, Pool)

FILE - This undated file family photo shows Trayvon Martin. Trayvon, 17, was slain in a 2012 shooting in Sanford, Fla., by neighborhood crime-watch captain George Zimmerman. Zimmerman's defense attorney began his final arguments Friday, July 12, 2013, trying to convince six jurors that the neighborhood watch volunteer acted in self-defense when he fatally shot 17-year-old Trayvon Martin. (AP Photo/Martin Family, File)

George Zimmerman wipes his face after arriving in the courtroom for his trial at the Seminole County Criminal Justice Center, in Sanford, Fla., Friday, July 12, 2013. Zimmerman is charged in the 2012 shooting death of unarmed teenager Trayvon Martin. (AP Photo/Orlando Sentinel, Joe Burbank, Pool)

Assistant state attorney Bernie de la Rionda shows George Zimmerman's gun to the jury while presenting the state's closing arguments against Zimmerman during his trial in Seminole circuit court in Sanford, Fla. Thursday, July 11, 2013. Zimmerman has been charged with second-degree murder for the 2012 shooting death of Trayvon Martin. (AP Photo/Orlando Sentinel, Gary W. Green, Pool)

SANFORD, Fla. (AP) ? As jurors deliberated for a second day in George Zimmerman's murder trial, there was little understanding between two camps assembled outside the Seminole County Courthouse to await a verdict.

"He deserves some respect and appreciation," Casey David Kole Sr., 66, shouted about the former neighborhood watch leader. "It's a tragedy."

Patricia Dalton, 60, yelled back: "It's a tragedy that could have been avoided!"

Dalton, like most of the 100 or so people at the suburban Orlando courthouse, says she's there in support of the family of Trayvon Martin, the 17-year-old black teen from Miami who Zimmerman fatally shot last year.

Prosecutors and Trayvon Martin's family say Zimmerman profiled Martin because of the teen's race. Those allegations, and a 44-day delay before police arrested Zimmerman, sparked nationwide protests involving leading national civil rights leaders and spurred emotional debates about gun control, self-defense laws, race, and equal justice under the law.

In Saturday's strong Florida sun, some people at the courthouse wore hoodies, as Martin had when he died. One woman lay in the grass, her arms spread, in a re-creation of Martin's death. Those in the smaller pro-Zimmerman camp held small signs, saying things like "We love you George" and "George got hit you must acquit."

Joseph Uy of Longwood was among an even smaller group: the few who said they had no opinion on whether Zimmerman was guilty. He said he came because he was "just curious."

"I'm neutral," he said, while cradling his three tiny Chihuahuas in his arms.

By mid-afternoon, people rallied in the heat and chanted slogans as a looming thundercloud threatened a downpour.

"Justice for Trayvon," some shouted. Others yelled, "Convict George Zimmerman."

Over three weeks, the jury has heard dueling portraits of the neighborhood watch captain: a cop wannabe who took the law into his own hands or a well-meaning volunteer who shot Martin because he feared for his life.

Zimmerman, 29, has claimed self-defense in the February 2012 confrontation in a gated community where Martin was visiting his father and father's fiancee.

Zimmerman is charged with second-degree murder, but the jury also is allowed to consider manslaughter.

The judge's decision to allow that consideration was a potential blow to the defense: It could give jurors who aren't convinced the shooting amounted to murder a way to hold Zimmerman responsible for the killing.

To win a manslaughter conviction, prosecutors must show only that Zimmerman killed without lawful justification.

Zimmerman faces a maximum prison sentence of life for second-degree murder and 30 years if convicted of manslaughter, due to extra sentencing guidelines for committing a crime with a gun.

The sequestered jury of six women must sort through conflicting testimony from police, neighbors, friends and family members.

Jurors deliberated for three and a half hours when they decided to stop Friday evening. They reconvened Saturday morning, deliberated for three hours and then broke for lunch. They resumed their discussions about 1 p.m. Saturday. Jurors are being sequestered, and their identities are kept anonymous ? they are identified only by number.

Police and civic leaders have pleaded for calm in Sanford and across the country after the verdict.

"There is no party in this case who wants to see any violence," Seminole County Sheriff Don Eslinger said. "We have an expectation upon this announcement that our community will continue to act peacefully."

In New York on Saturday, the Rev. Al Sharpton said that no matter the verdict, any demonstrations that follow it must be peaceful.

"We do not want to smear Trayvon Martin's name with violence," the civil rights leader said. "He is a victim of violence."

The Rev. Jesse Jackson had a similar message. He tweeted that people should "avoid violence because it only leads to more tragedies."

Benjamin Crump, an attorney for Martin's family, said the parents are emotional but doing as well as expected as they await a verdict.

"(Jurors) staying out longer and considering the evidence and testimony is a good thing for us arriving at a just verdict," Crump said.

On Saturday morning, Martin's mother, Sybrina Fulton, shared on Twitter what she called her favorite Bible verse: "Trust in the LORD with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight."

___

Associated Press writers Kyle Hightower, Mike Schneider and Tony Winton in Sanford; and Colleen Long in New York contributed to this report.

___

Follow Tamara Lush on Twitter at http://twitter.com/tamaralush.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-07-13-US-Neighborhood-Watch/id-d1eea649c56c473fbf7b2939cdb8962b

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Boy Rescued From Indiana Sand Dune After Being Trapped For Hours

CHICAGO ? A 6-year-old boy who spent more than three hours underground after being swallowed by a massive Indiana sand dune was able to respond to "simple commands" when he arrived at a Chicago hospital, a spokesperson said.

The boy, whose survival was described as a "miracle" by a local coroner, remained in critical condition Saturday at Comer Children's Hospital and has responded well to being on a ventilator, hospital spokeswoman Lorna Wong said in a statement.

The hospital did not detail what commands the boy responded to after he arrived. Wong later told The Associated Press she could not say if the responses were an indication that he had regained consciousness. The boy's name and hometown have not been released at the request of the family, she said.

Michigan City, Ind., Fire Chief Ronnie Martin told WSBT-TV on Saturday that an air pocket saved the boy's life.

According to Bruce Rowe, a ranger at the Indiana Dunes National Lakeshore park along Lake Michigan, the boy's family said he was playing on the dune Friday when he dropped partially into it. While they were trying to dig him out, the dune collapsed, burying the boy under 11 feet of sand, he said.

The family called 911, and emergency responders were on the scene within 15 minutes and began digging by hand, Rowe said. Crews with excavating equipment were brought in to aid the rescue effort.

Martin told the South Bend, Ind.-area TV station that firefighters located the boy while prodding the dune, right after they detected the air pocket that enabled him to survive for so long underground. They pulled him out and the boy was rushed to a Michigan City hospital, then later flown to Comer.

LaPorte County Deputy Coroner Mark Huffman told The News-Dispatch of Michigan City that the boy's survival was a "miracle."

"It is totally amazing," he said.

Authorities were puzzled about the cause of the collapse, which Rowe called "unprecedented." The section of the dune, which is more than 125 feet high and is known as Mount Baldy, had been cordoned off for restoration work. It will remain closed at least through the weekend and until authorities can determine if it's still a danger.

Wong, the Comer spokeswoman, said the boy's family wanted to express gratitude to the emergency responders and everyone else who helped in his rescue.

"They also ask that people include this little boy in their prayers," she said.

Also on HuffPost:

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Source: http://www.huffingtonpost.com/2013/07/13/boy-rescued-from-indiana-_n_3591511.html

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Analysis: Charges unlikely, but Murdoch tape won't help his business case

By Kate Holton and Jennifer Saba

LONDON/NEW YORK (Reuters) - The recall of Rupert Murdoch to a committee of the British parliament over a secret tape of him dismissing the alleged illegal behavior of his journalists is likely to cause personal embarrassment for the world's most famous media mogul but no criminal charges.

It could, however, further complicate his business dealings in Britain, where his firm has long wanted to take full control of the pay-TV group BSkyB and where it is still locked in negotiations with the government over regulation of the press.

The 82-year-old head of News Corp and 21st Century Fox has been recalled to appear before lawmakers in London - the scene two years ago of what he called his "most humble day" - to explain his recorded comments that British tabloid newspapers had for decades paid bribes to police for information. No date has yet been set for the committee hearing.

Murdoch also said in the tape, covertly recorded during his meeting with News Corp's Sun journalists in March, that he had been wrong to give so much help to the police as they probed a phone-hacking scandal that engulfed his British newspaper business, and that he would, at the right time, hit back.

The revelations have raised questions in Britain over whether Murdoch could himself face charges, and the police have said they wish to obtain the tape to review the contents.

They have also given more ammunition to Murdoch's critics, who accuse him of using his newspapers to wield huge influence over politicians and undermine the rule of law.

But legal sources, consultants and media observers in both Britain and the United States said the chances of him facing individual charges were slim.

In Britain, they said Murdoch's comments revealed no specific knowledge of wrongdoing by his reporters, and even the policeman leading the broader investigations characterized the remarks as showing empathy with staff.

Two U.S. law enforcement sources told Reuters that a U.S. criminal action against Murdoch personally was highly unlikely.

The same people said that while the FBI and U.S. Justice Department have been conducting investigations into possible violations of the Foreign Corrupt Practices Act by people working for Murdoch, those investigations did not appear to be close to a resolution.

Legal sources and experts say that any U.S. probe may well not be resolved until after criminal investigations by the British authorities are completed, which could take months to over a year. News Corp declined to comment.

APPALLED AND HUMBLED

The sound of Murdoch railing against the police and dismissing the payment of bribes as "next to nothing" stands in stark contrast to the image he had previously presented.

Appearing for lengthy questioning before the committee two years ago alongside his son James, he had described himself as appalled by revelations of illegality and phone-hacking.

"He came to tell us that it was the most humble day of his life, and he was seemingly contrite, and yet the opposite comes out of these taped remarks," one of the committee members Paul Farrelly told Reuters.

"In terms of paying people for information, it's a criminal offence to do that with public officials. For Rupert Murdoch to say that that was all part of a culture seems like he is excusing that behavior."

Claire Enders, a high-profile media consultant in Britain, said while the comments were unlikely to cause problems for Murdoch the man, they could cause trouble for his companies.

Confronted by a wave of public outrage over the revelations about hacking, the then combined News Corp group was forced to pull a $14 billion bid to buy the 61 percent of the highly profitable BSkyB it did not already own.

The scandal also prompted Britain's media regulator to examine, and later clear, BSkyB as "fit and proper" to hold a broadcasting license, due to News Corp's 39 percent stake.

But Enders said the tape could make it harder for Murdoch's 21st Century Fox, which was spun out of the wider News Corp group, to one day make another bid for the rest of BSkyB.

"It's a corporate governance issue, and we think that this makes the famous re-emergence of the BSkyB bid extremely unlikely," she said.

She added that the tacit toleration of bribery at a business controlled by the Murdoch family could even encourage the regulator Ofcom to look again at the ownership of BSkyB, especially if further damaging evidence emerges from the criminal trials that are due to start in September this year.

So far, investors have shrugged off any potential collateral damage from the latest news to surface in Britain.

News Corp shares are up 0.4 percent at $14.93 since the transcripts and recording of the tape surfaced in British media on July 3.

"This noise from an investing standpoint is a great opportunity to find value," said Todd Lowenstein, a portfolio manager at HighMark Capital Management, which holds shares in both News Corp and Fox.

Lowenstein is in News Corp for the balance sheet - which has more than $2 billion in cash and no debt - and for its mix of assets that include Australian pay-TV services and the strong brand of The Wall Street Journal.

(Additional reporting by Michael Holden in London and Mark Hosenball in Washington; Editing by Will Waterman)

Source: http://news.yahoo.com/analysis-charges-unlikely-murdoch-tape-wont-help-business-132901018.html

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Latest celebrity defection casts light on Scientology leadership

By Eric Kelsey and Piya Sinha-Roy

LOS ANGELES (Reuters) - The departure of U.S. actress Leah Remini from the Church of Scientology this week raised new questions about the relationship top leaders assume with their high-profile Hollywood members and their ability to retain them.

The New York Post, which first reported Remini's defection on Thursday, said the actress chose to leave after "being subjected to years of 'interrogations' and 'thought modification' for questioning leader David Miscavige's rule," citing an unnamed source.

Remini, 43, best known for her role as Carrie Heffernan in the CBS comedy "King of Queens," released a statement thanking supporters on Thursday, but both she and her representatives declined to comment on her reasons for leaving the church.

It was not possible to independently confirm Miscavige's role in Remini's departure.

The Church of Scientology had no comment on Remini leaving the movement but said the allegations against Miscavige and the characterization of interrogations were "categorically false."

Miscavige, 53, who became the church's leader in 1987, refocused Scientology as a celebrity-friendly religion that depended on the name recognition and deep pockets of Hollywood stars, said Janet Reitman, the author of "Inside Scientology: The Story of America's Most Secretive Religion."

"Celebrities are treated better than any other human being with that organization," she said. "They are the kings and queens of Scientology."

But Remini's departure suggests that celebrities are feeling uncomfortable in the church, especially if leadership is putting them through what Scientology calls security checks, an intense confessional, Reitman said.

"That used to be something the church was careful not to do," the author added. "They would do anything they could to make them comfortable because they needed them."

A SUPPORTER LOST

Scientology, which was founded in 1954 by science-fiction writer L. Ron Hubbard, has attracted several Hollywood stars including Tom Cruise and John Travolta.

It believes that humans are immortal beings whose experience extends beyond one lifetime, but critics of the church describe it as a cult that harasses people who try and quit, a criticism the movement rejects.

Former Scientologist Nancy Many, who was involved with the church's celebrity circle for more than two decades and left Scientology in 1996, is a fierce critic and believes Miscavige's power with celebrities is waning.

The New York Post linked Remini's falling out with the church to the 2006 wedding of Cruise and Katie Holmes, when Remini reportedly asked about Miscavige's wife, who was not present.

"Leah asked about David's wife and came under an unbelievable torrent of attack on her, an attack and inquisition," Many told Reuters.

Mike Rinder, a former church spokesman who writes a blog, said Remini got tired of being told what to do.

"As a result, the church has lost one of its most effective supporters - both in the public relations arena and their bank balances," he wrote in a blog post.

Departures from the church have become the trend in recent years, said Reitman.

Well-known names to have left the church recently have been Oscar-winning director Paul Haggis, actor Jason Beghe and Holmes, who left the church after her divorce from Cruise last year.

In Reitman's view, change from within the church is nearly impossible because the church has yet to reform despite the recent spate of celebrities breaking ranks.

"They're just going to continue on as they've been continuing on," Reitman said. "If they were to truly want to rebound, I think they would have to lose their leadership."

(Editing by Mary Milliken and Eric Walsh)

Source: http://news.yahoo.com/latest-celebrity-defection-casts-light-scientology-leadership-004340894.html

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Fix Up Your House With These Home Improvement ... - Social Snaps

Changing a tire can be problematic if you don?t happen to be a very strong person. Loosening the lug nuts, in particular, can take more strength than many of us have. Use a cheater bar! A yard long piece of pipe that is just big enough to fit over the end of your lug wrench will give you that extra leverage to get the job done.

You have to replace filters when necessary. This makes your air better to breathe, but it also helps out your air conditioner and heating system too. Blocked filters are a common cause of calls to repair people.

Focus on exterior lighting for your next home improvement project. Installing an outdoor motion detector is a good choice; the sensor will ensure that the light only comes on when you need it to. Not only does this save you money on energy bills, but the motion detector is also a good security feature. It alerts you if anyone is walking around your property.

If you are concerned about adding value to your home, do not put in a swimming pool during your next home improvement project. The upkeep on a pool is very time consuming, and they are also difficult to clean. Your energy would be better spent on a project (such as a garden) that will give you a better return on the amount of money you are spending.

Start thinking about ideas on how you would like to improve your home. By starting early in looking for ideas regarding your home, you will be able to come across a lot of ideas before you need to decide. Knowing what you want ahead of time will make your project less stressful, and you will be happier with the outcome.

You can create a designer spa feeling to your bathroom by incorporating some simple home design ideas such as installing dimmer light switches, candle wall sconces, burning fragrance, and using decorative baskets to hold fluffy towels. You can opt to paint your wall warm colors such as beige, brown or light green which give it a nice spa like touch.

Are you in the market for a cheap way to make your home more classy? A really good way to improve the look of your home is replacing your old door bell with an elegant one. The new tone will immediately announce to visitors that something is different with your home.

You can really improve the appearance of your windows by simply replacing your window treatments. The sun, pets and general wear and tear can make your blinds look dull. New blinds are a rather simple home improvement project that provides surprising results.

Buy yourself a tool called a drain snake for do-it-yourself clearing of plumbing pipes. It will not be necessary for you to purchase drain cleaners so frequently in the future. Using a drain snake can be difficult the first time. You might need a plumber to show you how before you try yourself. Be certain to purchase a drain snake that is appropriate for your own drain, or you may damage pipes.

Is your garage door looking a little bit drab? Try to add some color to it by painting it with a fresh coat of paint. Because you constantly move your garage door it can get worn down quickly. If you add a new coat of paint, your garage will look fresh and new again.

As has been noted above, home improvement means different things to different people. Sometimes, all that is needed to help us cement our ideals and to put in place a plan of attack is a tip or two. This article provides those tips. It will help you to overcome that feeling of being overwhelmed and get you started in accomplishing real goals.

Get more information from Whites Utilities.

Source: http://social-snaps.com/fix-up-your-house-with-these-home-improvement-tips/

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Stocks inch higher, setting new records

Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, July 10, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed's vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)

Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, July 10, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed's vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)

It was another record day on Wall Street ? barely.

After spending most of Friday flat or down, stocks rallied at the last minute and closed slightly higher, just enough to post new record highs for the Dow Jones industrial average and the Standard & Poor's 500 index.

The gains were tiny. And the new record doesn't mean much for investors, who hardly have any more money now than they did a day earlier. But it is a sign that investors believe the market's rally this year may not be over yet.

The S&P 500 has closed higher seven days in a row. The last time it did that was in March.

Investors had to look past a pessimistic outlook from UPS, which said it was seeing a slowdown in U.S. industry. And in the afternoon, Boeing shares tanked after one of its 787s caught on fire in London, reviving fears of the troubles that plane had with smoldering batteries earlier this year.

Other economic news was mixed. Profits at big banks Wells Fargo and JP Morgan came in better than expected, and that helped financial stocks. But a University of Michigan measure of consumer sentiment came in lower than expected for this month.

Investors will get a lot more information next week, when key reports on inflation and retail sales are due. That's also when the pace of company earnings reports picks up sharply. Results are due from the remaining big banks as well as General Electric, Intel, Microsoft and other industry bellwethers.

"This is the jump ball, this is the Lebron James of the market," said David Darst, chief investment strategist for Morgan Stanley Individual Investor Group, referring to the second-quarter earnings rush. "It's going to determine where the market goes."

The Dow closed up 3.38 points, just 0.02 percent, at 15,464.30. The Standard & Poor's 500 index rose 5.17 points, or 0.3 percent, to 1,680.19. Both indexes also closed at all-time highs on Thursday.

The Nasdaq composite edged up 21.78 points, or 0.6 percent, to 3,600.08. It's still well short of its record high of 5,048, set in March 2000.

The Russell 2000, which is made up of smaller companies, rose 3.35 points, or 0.3 percent, to close at 1,036.52.

All the big indexes are ahead for the week.

Stocks spent most of Friday down, but not down much. Analysts believe investors are waiting for several major earnings and economic reports next week before deciding whether the rally has further to run.

Anthony Conroy, managing director and head trader for ConvergEx Group, thinks it's likely that stocks will move higher, as long as second-quarter earnings reports at least match the low expectations that investors have. "The three most important things in the next couple of weeks are earnings, earnings, and earnings," he said.

Cost-cutting boosted profits at Wells Fargo, and its stock rose 74 cents, or 1.8 percent, to $42.63. JPMorgan Chase reported a 32 percent jump in profits, but its stock fell 17 cents to $54.97.

Conroy said JPMorgan's credit numbers were strong. "That means the consumer's out there spending and borrowing and propping up the whole economy, and that's a good thing," he said.

United Parcel Service sank $5.33, or 5.8 percent, to $86.12 after saying its second-quarter and full-year earnings will be less than analysts have been expecting because the company's customers are using cheaper shipping options. UPS also said it's seeing a slowdown in U.S. industry.

FedEx fell, too. Its shares were down $2.11, or 2 percent, to $102.29.

Boeing dropped after a fire on a 787 parked at Heathrow Airport, and after another 787 had to divert to a different airport. Boeing struggled earlier this year after its new 787 was grounded for more than three months because of smoldering batteries, and investors are nervous about any additional problems with the plane.

Before news of the fire broke, Boeing set a new 52-week high of $108.15 earlier Friday. The stock dropped $5.01, or 4.7 percent, to close at $101.87 on high volume. Boeing was the biggest decliner in the Dow.

Other stocks with notable moves included:

? Gap rose 34 cents, or 0.8 percent, to $45.10. Three analysts lifted their price targets after Gap posted revenue at stores open at least a year that was better than the market was expecting.

? WebMD jumped $6.86, or 25 percent, to $33.82 after the medical website operator sharply raised its forecast for its second-quarter results, citing strong demand from advertisers.

? RadioShack Corp. rose 29 cents, or 11 percent, to $2.92. Investors were spooked late Thursday after a report that it had hired financial advisers. But they appeared to be reassured after the struggling electronics retailer said it has a strong balance sheet and that the "sole focus" of its discussions with advisers is making its balance sheet stronger.

The yield on the 10-year Treasury note rose slightly to 2.59 percent from 2.57 percent.

The yield has risen almost a full percentage point since early May, pushing interest rates higher for mortgages and other loans. There's a fear that higher rates could hurt housing and business borrowing.

John Fox, director of research at Fenimore Asset Management, said housing is improving, employment is improving, and retail and auto sales are good. "Is that all just going to disappear if we have a 3.5 percent Treasury bond? I don't think it will."

Crude oil rose $1.04 to close at $105.95 per barrel in the U.S. Other energy prices also rose. Gold slipped $2.30 to $1,277.60.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-07-12-US-Wall-Street/id-8906bfe6953342c887dd9976a307835f

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