Which? calls for fuel duty delay

















Consumer organisation Which? is calling for a delay to the increase in fuel duty planned for January.













MPs will vote on Monday on the planned 3p a litre increase. Labour has previously said the increase should be postponed until at least April.


Which? said 85% of people it surveyed had expressed concerns about rising fuel prices.


Pollsters Populus interviewed 2,100 UK adults on behalf of Which? online between October 26 and 28.


The survey suggested 39% of people would cut back on motoring costs, while one in 10 said they had used savings to cover motoring costs.


Which? also said the figures showed 8.7 million households curbed their spending on essentials last month, while 6.4 million households used savings to cover outgoings.


The organisation’s executive director Richard Lloyd said: “Rising fuel prices are the number one consumer worry and people are already telling us they’re having to cut back and dip into savings just to get by.


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The government recognises that the rising price of petrol is a significant part of households’ day-to-day spending”



End Quote Treasury spokesman


“On the back of inflation-busting energy bill rises and increasing food prices, consumers can little afford another hit on their household budget. We’re calling on the government to think again about their plans to increase fuel duty in January.


“The forthcoming Autumn Statement must focus on measures that will help put money back in the pockets of consumers, because the economic recovery is at risk if we don’t increase consumer confidence.”


Previous delay


Shadow treasury minister Cathy Jamieson said: “Families, pensioners and businesses are still feeling the squeeze. Labour will vote on Monday for a delay in this fuel duty increase at least until next April.”


The duty increase was originally to be introduced last August, but in June Chancellor George Osborne announced that he was postponing it for five months.


At the time Mr Osborne told the Commons the delay was being funded by what he called “larger-than-forecast savings in departmental budgets.”


A Treasury spokesman said: “The government recognises that the rising price of petrol is a significant part of households’ day-to-day spending.


“Since coming to office the government has listened to the concerns of motorists about high pump prices and acted. Fuel is now 10p a litre lower than under the previous government’s plans.”


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Justice Department antitrust chief Wayland to step down next week
















WASHINGTON (Reuters) – The acting head of the U.S. Justice Department’s Antitrust Division, Joseph Wayland, will step down as of November 16, a department spokeswoman said on Thursday.


No one has been named to be the acting assistant attorney general for antitrust, said the spokeswoman, Gina Talamona.













The position has been without a confirmed chief since Christine Varney left in mid-2011. Since then, the nomination of William Baer to succeed her has stalled in the Senate.


Charles Grassley, an Iowa Republican Senator, has opposed Baer’s nomination but has not publicly said why.


Baer, a prominent attorney with the law firm Arnold & Porter LLP, was nominated in early February.


Wayland, whose family lives in New York, will return there, according to The Wall Street Journal, which first reported he was leaving. Before coming to the Justice Department, he specialized in complex business litigation, including antitrust and securities cases.


The Justice Department recruited Wayland in September 2010 to lead litigation efforts at the division, a hire that appears to have paid off.


President Barack Obama‘s Justice Department successfully opposed AT&T Inc’s planned $ 39 billion deal to acquire wireless rival T-Mobile USA and stopped NASDAQ OMX Group and IntercontinentalExchange Inc from buying NYSE Euronext.


But the department reached compromises on other deals, such as Ticketmaster’s purchase of Live Nation in 2010, Google Inc’s acquisitions of ticketing software company ITA and smartphone handset maker Motorola Mobility, and Verizon Wireless’ controversial plan to buy airwaves from cable operators.


The division is looking at price-fixing in industries as disparate as auto parts, optical disk drives and the derivatives market, as well as interest-rate manipulation and whether cable companies are trying to prevent the rise of Internet video as an alternative to television.


It has also sued Apple and two publishers – Verlagsgruppe Georg von Holtzbrinck GmbH’s Macmillan and Pearson Plc’s Penguin Group – accusing them of fixing prices of electronic books.


(Editing by Lisa Von Ahn)


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Mick Jagger’s love letters to singer Marsha Hunt up for auction
















(Reuters) – Love letters written by Rolling Stones frontman Mick Jagger to American singer Marsha Hunt, discussing poetry and his personal turmoil, will hit the auction block next month.


Hunt, with whom Jagger had his first child, Karis, told Britain’s Guardian newspaper she was selling the letters, written in July and August 1969, because she had been unable to pay her bills.













“I’m broke,” Hunt, who lives in France, told the newspaper.


The Guardian said on Friday the 10 letters would be sold by Sotheby’s on December 12.


The auction house values the letters from between 70,000 and 100,000 pounds ($ 111,000-$ 160,000).


Jagger wrote them to Hunt while filming the Tony Richardson movie “Ned Kelly” in Australia.


They are described as showing a sensitive side of the then-young singer, who wrote about the poetry of Emily Dickinson, meeting author Christopher Isherwood and an unrealized multimedia project.


Jagger’s relationship with Hunt, who is African-American, was kept under wraps until 1972.


“The sale is important,” Hunt told The Guardian. “Someone, I hope, will buy those letters as our generation is dying and with us will go the reality of who we were and what life was.”


Hunt has said she was the inspiration for the Rolling Stones‘ song “Brown Sugar,” which Jagger wrote while in Australia.


The rock star also cites in the letters the disintegration of his relationship with singer Marianne Faithful, whom he was also dating at the time, and the death of Rolling Stones’ guitarist Brian Jones.


(Reporting by Eric Kelsey; Editing by Jill Serjeant and Peter Cooney)


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States given more time to work on health exchanges
















WASHINGTON (Reuters) – The Obama administration gave states extra time to work toward setting up new health insurance exchanges on Friday, days after President Barack Obama‘s re-election ensured the survival of his healthcare reform law.


The move is seen as a concession to dozens of states that delayed compliance with the Patient Protection and Affordable Care Act until after the November 6 election. Opponents of the plan had hoped a victory for Republican Mitt Romney would ultimately result in the law’s repeal.













But with Obama now heading into a second term, and a November 16 federal deadline to declare their plans looming, many states needed more time to prepare for exchanges, complex marketplaces meant to offer working families private insurance at federally subsidized rates beginning in 2014.


Since Tuesday’s election, seven states including Texas, Kansas, Virginia and Florida have said they will not pursue state-operated exchanges and conservative political donors are mounting a publicity campaign to encourage more defections.


But there are also signs that opposition could be waning in some states.


In cases where states decide not to participate, the federal government says it will go in and build an exchange on its own.


“The administration would like to do whatever it can to bring states in,” said Larry Levitt, a healthcare policy expert with the nonpartisan Kaiser Family Foundation, which tracks health issues.


“It’s always been expected that if the president got reelected, a lot of states sitting on the sidelines would realize they don’t want the federal government building a state health insurance system. That’s what we’re seeing happening.”


U.S. Health and Human Services Secretary Kathleen Sebelius said in a November 9 letter to governors that the administration still expects states to declare whether they intend to operate their own exchanges by next Friday.


But they now have until December 14 to file blueprints showing how they would operate the marketplaces. So far, about 13 states are well on their way to setting up their own exchanges.


States can also choose to develop their exchange in partnership with the federal government. As many as 30 could go that route.


Sebelius said states that prefer a partnership now have until February 15, 2013, to declare their intentions and prepare the appropriate paperwork. She said states can still apply to run exchanges in subsequent years but emphasized that the start date for coverage has not changed.


“Consumers in all 50 states and the District of Columbia will have access to insurance through these new marketplaces on January 1, 2014, as scheduled, with no delays,” she said in the letter, which described the deadline extension as a response to state requests for more time.


Analysts characterized the extension as a substantial offer from the federal government.


“It’s about as far as they reasonably could extend, knowing that the systems have to be ready by Oct 1, 2013,” said Patrick Howard, who advises states on healthcare issues for Deloitte.


The Affordable Care Act, the most sweeping health legislation since the 1960s, would extend health coverage to more than 30 million uninsured Americans. About half would receive coverage through a planned expansion of the Medicaid program for the poor, and the other half through the exchanges.


The list of states that say they will not participate in the healthcare exchanges grew this week when Virginia and Kansas added their names.


Texas, South Dakota, South Carolina, Alaska and Florida confirmed to Reuters on Friday that they will not participate in exchanges. Louisiana had also opposed the plan before the election, but officials there did not respond to inquiries about their plans under Obama’s second term.


But Maine, which advised the administration last April that it did not intend to pursue a state-based exchange, said on Friday that further guidance from Sebelius’ department could make a difference.


“It’s too soon to tell,” said Adrienne Bennett, spokeswoman for Republican Governor Paul LePage.


“We’re willing to look at the information and move forward. But we can’t move forward if we don’t have information from the Obama administration. So we’re in a holding pattern,” she said.


Several Republican advocacy groups are expected to push against the implementation of Obama’s healthcare law. Americans for Prosperity, a conservative non-profit in part funded by billionaire Koch brothers, on Friday urged U.S. governors to reject the state-based exchange options, calling them “flawed” and “bloated bureaucracies” that put states’ budgets at risk.


(Writing by David Morgan; Editing by Michele Gershberg, Eric Walsh, Claudia Parsons and David Gregorio)


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Twin explosions strike southern Syrian city
















BEIRUT (AP) — Syria‘s state-run news agency says two large explosions have struck the southern city of Daraa, causing multiple casualties and heavy material damage.


SANA did not immediately give further information or say what the target of Saturday’s explosions was.













The Britain-based Syrian Observatory for Human Rights says the blasts went off near a branch of the country’s Military Intelligence in Daraa.


The Observatory, which relies on a network of activists on the ground, says the explosions were followed by clashes between regime forces and rebels fighting to topple President Bashar Assad.


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Icahn says has mulled Netflix takeover, no decision made
















(Reuters) – Activist investor Carl Icahn, who holds an almost 10 percent stake in Netflix, said on Thursday he has considered a hostile takeover bid for Netflix, but it was uncertain he stood a chance of acquiring the Internet streaming service.


Asked by TV network CNBC whether he would “go hostile” on Netflix, Icahn said, “The thought had certainly entered my mind. I have to admit I think about it, but we haven’t made that decision.”













While Icahn said a hostile takeover was “certainly an alternative,” he downplayed the possibility several times. He added that he would not be able to pay as much for Netflix as a “synergistic buyer” looking to acquire an Internet movie and TV subscription service.


Netflix has been the subject of periodic acquisition speculation, with potential names tossed around from Microsoft Corp to Amazon.com Inc.


Icahn last month disclosed he had amassed control of 9.98 percent of Netflix shares. Most of his purchases were in the form of call options that expire in September 2014. The billionaire, who is known for shaking up corporate management, has said Netflix was undervalued and an attractive acquisition target for a number of companies.


Netflix has since adopted a poison pill defense to prevent a hostile takeover, a move that Icahn on Thursday called “reprehensible.”


A Netflix spokesman did not immediately respond to a request for comment on Icahn’s remarks.


(Reporting By Liana B. Baker in New York; Additional reporting by Katya Wachtel and Sam Forgione in New York and Lisa Richwine in Los Angeles; Editing by Leslie Adler)


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Call me JackSUN, says singer Jermaine
















LOS ANGELES (Reuters) – Jackson 5 singer Jermaine Jackson has petitioned to change his name, according to court documents filed earlier this week in Los Angeles.


The older brother of pop stars Michael and Janet Jackson, Jermaine wants to change his famous last name to Jacksun for “artistic reasons.”













Asked why Jermaine wanted to change his name, his attorney Bret D. Lewis, who filed the petition on Jackson’s behalf, told Reuters “If Prince and P Diddy can do it, why can’t and shouldn’t Jermaine?”


If all goes to plan, Jackson’s name will officially change following a court hearing set for February 22.


Jermaine, 57, and brothers Jackie, Marlon and Tito are currently in Europe on a Unity Tour, under the name The Jacksons, performing hits made famous by the Jackson 5 along with a tribute to their late sibling Michael.


Jermaine Jackson unofficially adopted the name Mohammad Abdul Aziz after converting to Islam in 1989.


(Reporting By Eric Kelsey, editing by Jill Serjeant and Bernard Orr)


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11,000 fled Syria in past 24 hours, total now 408,000: UNHCR
















GENEVA (Reuters) – About 11,000 Syrian refugees have fled to three neighboring countries in the past 24 hours, the largest exodus in “quite some time”, the United Nations refugee agency said on Friday.


The latest exodus into Turkey (9,000), Lebanon (1,000) and Jordan (1,000) brings to 408,000 the total number of Syrian refugees registered or being assisted in the region, Panos Moumtzis of the U.N. High Commissioner for Refugees said.













“It just indicates a significant crisis, the continuation of the conflict,” Moumtzis told a news briefing in Geneva after aid agencies held a Syria Humanitarian Forum. “In Turkey, we know from most refugees that they come from Aleppo or Idlib or northern areas. That has been the trend so far.”


(Reporting by Stephanie Nebehay; Editing by Andrew Heavens)


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Assad says will live and die in Syria
















DOHA (Reuters) – President Bashar al-Assad said he would “live and die” in Syria and warned that any Western invasion to topple him would have catastrophic consequences for the Middle East and beyond.


Assad’s defiant remarks coincided with a landmark meeting in Qatar on Thursday of Syria’s fractious opposition to hammer out an agreement on a new umbrella body uniting rebel groups inside and outside Syria, amid growing international pressure to put their house in order and prepare for a post-Assad transition.













The Syrian leader, battling a 19-month old uprising against his rule, appeared to reject an idea floated by British Prime Minister David Cameron on Tuesday that a safe exit and foreign exile for the London-educated Assad could end the civil war.


“I am not a puppet. I was not made by the West to go to the West or to any other country,” he told Russia Today television in an interview to be broadcast on Friday. “I am Syrian; I was made in Syria. I have to live in Syria and die in Syria.”


Russia Today’s web site, which published a transcript of the interview conducted in English, showed footage of Assad speaking to journalists and walking down stairs outside a white villa. It was not clear when he had made his comments.


The United States and its allies want the Syrian leader out, but have held back from arming his opponents or enforcing a no-fly zone, let alone invading. Russia has stood by Assad.


The president said he doubted the West would risk the global cost of intervening in Syria, whose conflict has already added to instability in the Middle East and killed some 38,000 people.


“I think that the price of this invasion, if it happened, is going to be bigger than the whole world can afford … It will have a domino effect that will affect the world from the Atlantic to the Pacific,” the 47-year-old president said.


“I do not think the West is going in this direction, but if they do so, nobody can tell what is next.”


QATAR, TURKEY CHIDE OPPOSITION


Backed by Washington, the Doha talks underline Qatar’s central role in the effort to end Assad‘s rule as the Gulf state, which funded the Libyan revolt to oust Muammar Gaddafi, tries to position itself as a player in a post-Assad Syria.


Qatari Prime Minister Hamad bin Jassim Al Thani urged the Syrian opposition to set its personal disputes aside and unite, according to a source inside the closed-door session.


“Come on, get a move on in order to win recognition from the international community,” the source quoted him as saying.


Turkish Foreign Minister Ahmed Davutoglu delivered a similar message, saying, according to the source: “We want one spokesman not many. We need efficient counterparts, it is time to unite.”


An official text of a speech by Qatari Foreign Minister Khalid Mohamed al-Attiyah showed he told the gathering: “The Syrian people awaits unity from you, not divisions … Your agreement today will prove to the international community that there is a unity … and this will reflect positively in the international community’s stance towards your fair cause.”


Across Syria, more than 90 people were killed in fighting on Thursday, the Syrian Observatory for Human Rights said.


In Turkey’s Hatay border province, two civilians, a woman and a young man, were wounded by stray bullets fired from Syria, according to a Turkish official. Turkish forces increased their presence along the frontier, where officials have said they might seek NATO deployment of ground to air missiles.


Syria poses one of the toughest foreign policy challenges for U.S. President Barack Obama as he starts his second term.


International rivalries have complicated mediation efforts. Russia and China have vetoed three Western-backed U.N. Security Council resolutions that would have put Assad under pressure.


Syria’s conflict, pitting mostly Sunni Muslim rebels against forces dominated by Assad’s Alawite minority, whose origins lie in Shi’ite Islam, has fuelled sectarian tensions across the Middle East. Sunni Arab countries and Turkey favor the rebels, while Shi’ite Iran backs Assad, its main Arab ally.


“VICIOUS CIRCLE”


The main opposition body, the Syrian National Council (SNC), has been heavily criticized by Western and Arab backers of the revolt as ineffective, run by exiles out of touch with events in Syria, and under the sway of the Islamist Muslim Brotherhood.


British Foreign Minister William Hague said London would now talk to rebel groups inside Syria, after U.S. Secretary of State Hillary Clinton last week criticized the SNC and called for a new opposition body to include those “fighting and dying”.


But the plan for a body that could eventually be considered a government-in-waiting capable of winning foreign recognition and therefore more military backing ran into trouble almost as soon as it was proposed by SNC member Riyad Seif.


The meeting has so far been bogged down by arguments over the SNC representation and the number of seats the rival groups – which include Islamists, leftists and secularists – will have in a proposed assembly. Seif said he hoped for agreement on that on Thursday night, although the talks may continue into Friday.


Senior SNC member Burhan Ghalioun said the participants were moving towards consensus: “The atmosphere was positive. We all agree that we don’t want to walk away from this meeting in failure,” he told reporters.


Seif’s proposal is the first concerted attempt to merge opposition forces to help end the devastating conflict.


The initiative would also create a Supreme Military Council, a Judicial Committee and a transitional government-in-waiting of technocrats – along the lines of Libya’s Transitional National Council, which managed to galvanize international support for its successful battle to topple Gaddafi.


Michael Doran of the Brookings Institute in Washington told a forum in Doha it would not work for Syria. “It’s not a ridiculous idea, but it’s not going to succeed,” he said.


A diplomat on the sidelines of the talks said international divisions in the U.N. Security council did not help.


“It’s a vicious circle. They are asking the opposition to unite when they admit they are not themselves united,” he said.


(Writing by Tom Perry and Samia Nakhoul; Editing by Alistair Lyon, Alastair Macdonald and Philippa Fletcher)


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DoubleLine’s Gundlach says Apple may drop to $425/share: CNBC
















NEW YORK (Reuters) – Apple shares could come under further selling pressure and drop to $ 425 a share over the next year on lack of innovation, said Jeffrey Gundlach, chief investment officer and chief executive officer of DoubleLine Capital LP.


Gundlach, who recommended betting against Apple in mid-May at the Ira Sohn Investment Conference in New York, told CNBC the company’s stock is “overbelieved” and that its recent debut of the iPad mini is not an innovation.













“The product innovator, as I’ve said over and over again, isn’t there anymore,” Gundlach said in reference to Apple’s late founder Steve Jobs.


Shares of Apple, whose latest quarterly results failed to meet Wall Street’s lofty expectations, has fallen more than 20 percent from a record high of $ 705.07 in September. Shares slid as much as 4.6 percent on Wednesday to a low of $ 555.75 before ending the day down 3.8 percent at $ 558.0019.


Wednesday, Apple shares were under pressure as investors grew more uncertain about its ability to fend off unprecedented competition and untangle a snarled iPhone 5 supply chain.


Gundlach, whose firm oversees more than $ 45 billion in assets, said that the stock could fall to around $ 425 a share.


With regard to the benchmark S&P 500′s 2 percent decline on Wednesday, Gundlach said that investors may be anticipating the impact of higher taxes on capital gains that U.S. President Barack Obama is expected to implement.


“If you’re going to think about higher tax rates, maybe you want to sell the stocks before the tax rates go up, and I think that may be pressuring stocks in general,” Gundlach said.


Gundlach said that the “fiscal cliff” of tax increases and spending cuts set to begin at the start of next year could be “punted down the road,” but that it could also prove a “monumental” shock to markets if investors doubt its potential impact.


Gundlach also said that his DoubleLine Total Return Bond Fund has roughly 15 percent of its assets in cash and that he expects markets to become more volatile.


“I really am looking for higher volatility in the market as a general theme,” he said.


(Reporting by Sam Forgione; Editing by Bernard Orr)


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