Wall Street edges lower as "fiscal cliff" debate drags

NEW YORK (Reuters) - Stocks dipped on Friday as President Barack Obama and top Republicans remained at odds about how to avert a series of tax hikes and spending cuts next year that could push the economy into recession.

Trading has been choppy as investors react to a barrage of mixed statements from policymakers on the state of discussions about how to avoid going over the "fiscal cliff."

Obama accused a "handful of Republicans" in the U.S. House of Representatives of holding up legislation to extend tax cuts for middle-class Americans in order to try to preserve them for the wealthy.

Speaking shortly after the president, House Speaker John Boehner, the top Republican in Congress, said: "There is a stalemate; let's not kid ourselves."

The market, however, has remained resilient, with the benchmark S&P 500 set to finish the month almost flat as many investors are betting that a deal will be struck - if only at the zero hour.

"There is no sign of it from the rhetoric, but there are expectations it will happen," said Steve Goldman, principal at Goldman Management in Short Hills, New Jersey. "The rhetoric will get worse before it gets better."

Corporations still anticipate a harsher tax regime next year. Whole Foods Market Inc was the latest to announce a special cash dividend of $2.00 per share to skirt higher dividend tax rates in 2013. The stock was up 0.5 percent at $93.51.

The Dow Jones industrial average <.dji> dropped 14.56 points, or 0.11 percent, to 13,007.26. The Standard & Poor's 500 Index <.spx> fell 2.17 points, or 0.15 percent, to 1,413.78. The Nasdaq Composite Index <.ixic> lost 6.66 points, or 0.22 percent, to 3,005.37.

The S&P 500 was on track to end the month up about 0.1 pct, or nearly flat, after declining almost 2 percent in October. The index has recovered 4.5 percent since shedding 8 percent following the U.S. presidential election earlier in November.

"The correction from the S&P 500's September peak has allowed overbought momentum and optimistic sentiment conditions to recede, and we believe the index is closer to an intermediate-term buy signal than a sell signal," said Ari Wald, an analyst at PrinceRidge Group.

Yum Brands Inc shares slid 9.2 percent to $67.59. The company said late Thursday it expects a drop in fourth-quarter sales at established restaurants in China, where a cooling economy is making it difficult to exceed the 21 percent gain it enjoyed there a year earlier.

After a close relationship for several years, Facebook Inc and Zynga Inc revised terms of a partnership agreement, according to regulatory filings on Thursday. Under the new pact, Zynga, creator of the "Farmville" game, will have limited ability to promote its site on Facebook.

Zynga's stock dropped 6.5 percent to $2.45. Facebook's stock slipped 0.2 percent to $27.26.

The markets' reaction to data on Friday was muted.

Data from the Institute for Supply Management-Chicago showed that business activity in the U.S. Midwest expanded for the first time since August, buoyed by an improvement in the labor market.

But Commerce Department data showed U.S. consumer spending fell in October for the first time in five months as income growth stalled, suggesting slower economic growth in the fourth quarter.

Apple Inc's latest iPhone has received final clearance from Chinese regulators, paving the way for a December debut in a highly competitive market where the lack of a new model had severely eroded its share of product sales. Apple's stock fell 0.8 percent to $584.57.

Verisign Inc said the U.S. Department of Commerce had approved its agreement with ICANN to run the .com internet registry, but the company wouldn't be able to raise prices as before. The stock dropped 14 percent to $33.84.

(Editing by Bernadette Baum and Jan Paschal)

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Dear President Obama: My White House petition requires your magical powers

By Chris Wilson

Since President Barack Obama won reelection, the White House website for citizen petitions has received secession requests from all 50 states. In the case of Texas, more than 100,000 people have endured the inconvenience of entering their name and email address in order to support the state’s bid for autonomy. Apparently, in a sign of Americans’ growing distaste for physical activity, 2012 is the year when people stopped threatening to move to a foreign country if their candidate lost the presidency. Instead, they want foreign countries to move to them.

The forum-happy Internet activism crowd has never had a realistic sense of what happens when you to plug government directly into the Ethernet port. This is what happens: In addition to petitions for secession, you get ones calling for Bigfoot to be recognized as an endangered species, naturopathic medicine to be covered by Obamacare, and funding for a Death Star beginning in 2016.

The petition website, called We the People, is not very useful as a guide to what Americans really care about. But it is useful as a guide to how people think of what the government can do, down to the specific words the authors use in the petitions.

Of the 300 most recent petitions, only three request that the government “protect” something—states rights, email privacy, the planet—while seven request that it “recognize” something—same-sex marriage, hate groups, and so forth. Dozens ask that Obama “grant” or “allow” a certain privilege, while only a few suggest he “ban” an action or “prevent” an outcome.

The interactive below arranges the petitions into a tree structure by the principal verb in the title. When you click a blue dot, the tree expands to show all the petitions that begin with that verb. You can mouse over those branches to see the original wording of the petition and search for any word you like by typing a phrase into the box at the top.

 

Bigfoot aside, most of the petitions on the site are earnest. This does not mean they are all sane. About 37,000 people have signed a petition suggesting that it be illegal to offend the prophets of major religions. Another petition demands recognition that Israel is responsible for 9/11—that one with only some 600 signatories.

But many present very good ideas. There’s one for reforming the Electoral College and another that suggests all scientific papers based on taxpayer-funded research should be freely accessible online.

If there is one binding force behind the petitions, it is that most of them request that Obama intercede in matters that he has no authority over or rightful business meddling with, regardless of where one comes down on the subject of big government. While the site is technically designed to lobby the government, most petitions appear personally directed at Obama.

Even the petitions to secede are written in a tone of distinct obeisance: “Peacefully grant the state of Connecticut to withdraw from the United States of America and create its own new government.” Oregon’s petition is particularly careful to specify that there are no hard feelings: “Allow Oregon to vote on and leave the union peacefully and remain an ally to the nation.”

Secession always seemed to me to be something that, by definition, you did without asking permission. (Mutual breakups are as rare in history as they are in love.) But for all the rampant anti-government sentiment in America, many people still believe the president is an omnipotent force who can pass laws on a dime, ban unsavory behavior, manipulate foreign countries with precision, expel citizens at will and otherwise bend the world to his fancy.

This does not mean people love the government. We know they do not. But they still want it to fix their problems with as little trouble as possible.

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There are some great open-source tools, like Python’s Natural Language Toolkit, that can automatically identify verbs and objects in sentences with fairly high accuracy. But a lot of human intervention is still required to clean up the results. I posted the code for retrieving the petitions from the White House website on my Github page, and the White House offers the full code for the petitions website on its Github page. Questions or comments? Email me at [email protected]
Linux/Open Source News Headlines – Yahoo! News

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Diem Brown Shares How Her Chemo-Brain Sends Her to Dumb-Dumbville

In her PEOPLE.com blog, Diem Brown, the Real World/Road Rules Challenge contestant recently diagnosed with ovarian cancer for the second time, opens up about her desire for a child and the ups and downs of cancer and fertility procedures.

I have always been a list girl: Things I need to accomplish by a certain age; places I want to visit within five years; must-haves for my fall wardrobe. I actually have lists of my lists! 

I have always believed that by writing your hopes, dreams and your daily errands down, the lists become achievable. I guess it's that whole The Secret thang Oprah talked about, but basically for me, lists equal getting things done and moving forward.

At this moment in my life, I HAVE to make lists just to keep my head on straight! Any patient will tell you: Just because you're ill, the world doesn't slow down. If anything your world becomes more cluttered and overwhelming.

Admittedly I have slacked on certain areas in my life, like getting back to people in a timely manor, daily errands, bills – even my work has taken a hit. But making a list helps me map out how to get back on track.

I mentioned feeling overwhelmed and having to make a list to keep your head on straight, well this is why …
 

You have heard of "pregnancy brain"? Well, I imagine "chemo brain" works the same way. I feel like my head is so clouded that seemingly simple tasks take SO much effort to accomplish.
 

Returning an item to a store but leaving your receipt at home. Frantically searching for your keys only to find them right in front of your face . Walking out the front door, forgetting the keys you just found and locking yourself out.

Oh, and my favorite: missing your flight home for Thanksgiving because you told the cab diver the wrong airport (JFK not LGA) so you book a last-minute train home to D.C. Then, when your train arrives at your destination, you leave your purse on the train!
 

Yep that pretty much sums up my Thanksgiving travel day from hell. I had chemo on the Monday before Thanksgiving so traveling on Wednesday felt like my world was crashing over me. The train from N.Y.C. to Washington D.C. was completely FULL, yet I looked so green in the face no one sat next to me. I had to laugh a lil inside because I don't think I would have sat next to me either ... I looked like a ticking time bomb!
 

When the train arrived in D.C. I gathered my items and headed outside, thankful to see a street vender selling watermelon (my go-to post chemo food). I reached for my wallet and BOOM! You know that moment when you realized you've misplaced something? Your mind instantly paints the picture of exactly where the item is.

Mentally retracing my steps leaving the train, I remembered grabbing my jacket, getting my suitcase down from over head, packing up my Tina Fey Bossy Pants book and errr ... the seat back pocket! DAMN! How did I forget to check the seat back pocket?!

A vivid image of my sad lonely purse on an empty train makes my mind race of what's inside my purse. My ID, my credit cards, my apartment keys, checks I haven't cashed and MY MEDS.

Damn damn damn … now you start making a NEW list while realizing how much money and time your absent mind will cost you. Okay, I have to cancel my credit cards, see if I can remember who the checks in my wallet were from and ask them to stop payment, get my sister's apartment key to make a copy, try to find a doctor that's working on Thanksgiving to write me a new prescription, oh, and my ID! I also have to make a DMV appointment. Great, just great.
 

The floodgates have opened and tears start trailing down your face. Stressed out, overwhelmed and soooo annoyed that your mind isn't working as it should. This, my friends, is an example of chemo brain!
 

I called my sister crying, asking her to pick me up as I had no cash or credit cards for a cab home to my dad's house in Virginia. I was being overly emotional over a lost purse so my sister tried to talk me down saying each of the items are replaceable and that it was so clear to her my emotions were from my recent chemo treatment.
 

I have had so many of these "chemo brain" moments they really do start to make you feel crazy! Like there is a tiny mischievous elf inside your head playing hide and seek with things you should remember. No one really talks about "chemo brain" but it is soooo real. Now I have so much compassion for women dealing with pregnancy brain!
 

My sister keeps telling me to not be so hard on myself, that chemo is powerful and I'm more or less doped up 24/7. I hear my sisters words and realize my only way to fight this mischievous lil "chemo brain"-inducing self is to take a deep breath and continue making my lists!
 

This Week's List  

1. Don't be so hard on yourself for chemo brain, Dopey, and make that N.Y.C. DMV appointment! 

Ahhh, much better. If any of you have any chemo brain, pregnancy brain or just plain dodo brain stories I'd love to hear them. I think sharing our crazy moments makes us all feel way better and a heck of a lot less crazy! :)

Check back for updates every Thursday: Diem will be chronicling exclusively for PEOPLE.com her journey through fertility treatments, chemotherapy and her quest to educate others about ovarian health. You can also follow her on Twitter @DiemBrown.

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Clinton releases road map for AIDS-free generation

WASHINGTON (AP) — In an ambitious road map for slashing the global spread of AIDS, the Obama administration says treating people sooner and more rapid expansion of other proven tools could help even the hardest-hit countries begin turning the tide of the epidemic over the next three to five years.

"An AIDS-free generation is not just a rallying cry — it is a goal that is within our reach," Secretary of State Hillary Rodham Clinton, who ordered the blueprint, said in the report.

"Make no mistake about it, HIV may well be with us into the future but the disease that it causes need not be," she said at the State Department Thursday.

President Barack Obama echoed that promise.

"We stand at a tipping point in the fight against HIV/AIDS, and working together, we can realize our historic opportunity to bring that fight to an end," Obama said in a proclamation to mark World AIDS Day on Saturday.

Some 34 million people worldwide are living with HIV, and despite a decline in new infections over the last decade, 2.5 million people were infected last year.

Given those staggering figures, what does an AIDS-free generation mean? That virtually no babies are born infected, young people have a much lower risk than today of becoming infected, and that people who already have HIV would receive life-saving treatment.

That last step is key: Treating people early in their infection, before they get sick, not only helps them survive but also dramatically cuts the chances that they'll infect others. Yet only about 8 million HIV patients in developing countries are getting treatment. The United Nations aims to have 15 million treated by 2015.

Other important steps include: Treating more pregnant women, and keeping them on treatment after their babies are born; increasing male circumcision to lower men's risk of heterosexual infection; increasing access to both male and female condoms; and more HIV testing.

The world spent $16.8 billion fighting AIDS in poor countries last year. The U.S. government is the leading donor, spending about $5.6 billion.

Thursday's report from PEPFAR, the President's Emergency Plan for AIDS Relief, outlines how progress could continue at current spending levels — something far from certain as Congress and Obama struggle to avert looming budget cuts at year's end — or how faster progress is possible with stepped-up commitments from hard-hit countries themselves.

Clinton warned Thursday that the U.S. must continue doing its share: "In the fight against HIV/AIDS, failure to live up to our commitments isn't just disappointing, it's deadly."

The report highlighted Zambia, which already is seeing some declines in new cases of HIV. It will have to treat only about 145,000 more patients over the next four years to meet its share of the U.N. goal, a move that could prevent more than 126,000 new infections in that same time period. But if Zambia could go further and treat nearly 198,000 more people, the benefit would be even greater — 179,000 new infections prevented, the report estimates.

In contrast, if Zambia had to stick with 2011 levels of HIV prevention, new infections could level off or even rise again over the next four years, the report found.

Advocacy groups said the blueprint offers a much-needed set of practical steps to achieve an AIDS-free generation — and makes clear that maintaining momentum is crucial despite economic difficulties here and abroad.

"The blueprint lays out the stark choices we have: To stick with the baseline and see an epidemic flatline or grow, or ramp up" to continue progress, said Chris Collins of amFAR, the Foundation for AIDS Research.

His group has estimated that more than 276,000 people would miss out on HIV treatment if U.S. dollars for the global AIDS fight are part of across-the-board spending cuts set to begin in January.

Thursday's report also urges targeting the populations at highest risk, including gay men, injecting drug users and sex workers, especially in countries where stigma and discrimination has denied them access to HIV prevention services.

"We have to go where the virus is," Clinton said.

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Senate backs quick withdrawal from Afghanistan

WASHINGTON (AP) — The Senate has voted to accelerate the withdrawal of U.S. forces from Afghanistan.

The 62-33 vote on Thursday reflected the nation's war-weariness after more than a decade of fighting.

Although the vote was for a nonbinding amendment to the defense bill, it sent a strong signal about the ongoing conflict. Democratic Sen. Jeff Merkley of Oregon sponsored the measure.

It also set the stage for a fight with the House, which passed a bill in May that calls for President Barack Obama to maintain a force of at least 68,000 troops through the end of 2014.

The House and Senate will have to reconcile their competing versions of the defense policy bill.

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Hacking Report Criticizes Murdoch Newspaper and British Press Standards

LONDON — The leader of a major inquiry into the standards of British newspapers triggered by the phone hacking scandal offered an excoriating critique of the press as a whole on Thursday, saying it displayed “significant and reckless disregard for accuracy,” and urged the press to form an independent regulator to be underpinned by law.

Dan Kitwood/Getty Images

Lord Justice Sir Brian Leveson on Thursday with his inquiry on press standards.

The report singled out Rupert Murdoch’s defunct tabloid The News of the World for sharp criticism.

“Too many stories in too many newspapers were the subject of complaints from too many people with too little in the way of titles taking responsibility, or considering the consequences for the individuals involved,” the head of the inquiry, Lord Justice Sir Brian Leveson, said in a 46-page summary of the findings in his long-awaited, 1,987-page report published in four volumes.

“The ball moves back into the politicians’ court,” Sir Brian said, referring to what form new and tighter regulations should take. “They must now decide who guards the guardians.”

The report was published after some 337 witnesses testified in person in 9 months of hearings that sought to unravel the close ties between politicians, the press and the police, reaching into what were depicted as an opaque web of links and cross-links within the British elite as well as a catalog of murky and sometimes unlawful practices within the newspaper industry.

“This inquiry has been the most concentrated look at the press this country has ever seen,” Sir Brian said after the report was made public.

But in a first reaction, Prime Minister David Cameron resisted the report’s recommendation that a new form of press regulation should be underpinned by laws, telling lawmakers that they “should be wary” of “crossing the Rubicon” by enacting legislation with the potential to limit free speech and free expression.

Mr. Cameron’s remarks drew immediate criticism from the leader of the Labour opposition, Ed Miliband, who said Sir Brian’s proposals should be accepted in their entirety.

Mr. Cameron ordered the Leveson Inquiry in July, 2011, as the phone hacking scandal at The News of the World blossomed into broad public revulsion with reports that the newspaper had ordered the interception of voice mail messages left on the cellphone of Milly Dowler, a British teenager who was abducted in 2002 and later found murdered. Sir Brian said there had been a “failure of management and compliance” at the 168-year-old News of the World, which Mr. Murdoch closed in July, 2011, accusing it of a “general lack of respect for individual privacy and dignity.”

“It was said that The News of the World had lost its way in relation to phone hacking,” the summary said. “Its casual attitude to privacy and the lip service it paid to consent demonstrated a far more general loss of direction.”

Speaking after the report was published, Sir Brian said that while the British press held a “privileged and powerful place in our society,” its “responsibilities have simply been ignored.”

“A free press in a democracy holds power to account. But, with a few honorable exceptions, the U.K. press has not performed that vital role in the case of its own power.”

“The press needs to establish a new regulatory body which is truly independent of industry leaders and of government and politicians,” he said. “Guaranteed independence, long-term stability and genuine benefits for the industry cannot be realized without legislation,” he said, adding: “This is not and cannot reasonably or fairly be characterized as statutory regulation of the press.”

In the body of the exhaustive report, reprising at length the testimony of many of the witnesses who spoke at the hearings, the document discusses press culture and ethics; explores the press’s attitude toward the subjects of its stories; and discusses the cozy relationship between the press and the police, and the press and politicians.

John F. Burns, Sandy Lark Turner and Sandy Macaskill contributed reporting.

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Italian tax police probe Google Italy again

ROME (Reuters) – Italian police launched a new tax probe into Google Italy this week after earlier investigations found the group had failed to declare income and still owed sales tax, an economy ministry document showed on Wednesday.

The earlier probe, which was launched by Italian financial police in 2007, found that Google had developed a system to transfer profits from its Italian operations to Ireland so it could benefit from a more favorable tax regime.

The investigation is the Internet search giant’s latest entanglement with European tax authorities, following problems in France and Britain over its Irish strategy.

In Italy, investigations of the years 2002-2006 found that Google had failed to declare at least 240 million euros ($ 310 million) of income to authorities and owed more than 96 million euros in sales tax, according to the ministry’s response to questions in parliament.

It said police had launched a new probe on Monday to check the company was meeting its fiscal obligations in Italy.

Google said in a statement that it complies with tax law in every country in which it operates.

“We are confident we comply with Italian law,” a spokeswoman said, adding the firm would cooperate with authorities and answer any questions for the investigation.

Italian officials have stepped up tax surveillance and collection efforts in recent months as part of government efforts to bring Italy’s huge public debt under control.

Police have also been assessing the practices of other multinational online businesses who are managing to shift profits made in Italy into countries where they can pay less tax, the ministry said.

($ 1=0.7746 euros)

(Reporting By Danilo Masoni, Giuseppe Fonte and Catherine Hornby; Editing by Mike Nesbit)

Internet News Headlines – Yahoo! News

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Is Jessica Simpson Pregnant Again?

Buzz

By Rennie Dyball

11/28/2012 at 03:00 PM EST

Is 7-month-old Maxwell Drew a big sister-to-be?

Jessica Simpson and Eric Johnson – who welcomed their daughter in May – are expecting another child, according to reports widely circulating online.

When asked about the latest baby buzz, Simpson's publicist told PEOPLE, "I'm not going to comment on this speculation."

The star and Weight Watchers spokeswoman, 32, (who showed off her 60-pound weight loss this month) called Maxwell's birth "the greatest experience of our lives."

In May, she told PEOPLE, "I don't want to have another baby right away but I do want to have more kids. Having babies back to back has to be so hard."

Having baby No. 2 is all about timing, she added during the interview about becoming a mom.

"I really want to give Maxwell all of the attention and all of the love and time that I possibly can give her," she said. "When I feel like it's the right time to bring another little one into the family, I will. I won't wait too long but I won't do it immediately."

Simpson and former NFL player Johnson, 32, started dating in May 2010 and were engaged six months later.

Tweeted Simpson this month: "I am so grateful for my new lil family! Happy Thanksgiving everyone!"

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Simple measures cut infections caught in hospitals

CHICAGO (AP) — Preventing surgery-linked infections is a major concern for hospitals and it turns out some simple measures can make a big difference.

A project at seven big hospitals reduced infections after colorectal surgeries by nearly one-third. It prevented an estimated 135 infections, saving almost $4 million, the Joint Commission hospital regulating group and the American College of Surgeons announced Wednesday. The two groups directed the 2 1/2-year project.

Solutions included having patients shower with special germ-fighting soap before surgery, and having surgery teams change gowns, gloves and instruments during operations to prevent spreading germs picked up during the procedures.

Some hospitals used special wound-protecting devices on surgery openings to keep intestine germs from reaching the skin.

The average rate of infections linked with colorectal operations at the seven hospitals dropped from about 16 percent of patients during a nine-month phase when hospitals started adopting changes to almost 11 percent once all the changes had been made.

Hospital stays for patients who got infections dropped from an average of 15 days to 13 days, which helped cut costs.

"The improvements translate into safer patient care," said Dr. Mark Chassin, president of the Joint Commission. "Now it's our job to spread these effective interventions to all hospitals."

Almost 2 million health care-related infections occur each year nationwide; more than 90,000 of these are fatal.

Besides wanting to keep patients healthy, hospitals have a monetary incentive to prevent these infections. Medicare cuts payments to hospitals that have lots of certain health care-related infections, and those cuts are expected to increase under the new health care law.

The project involved surgeries for cancer and other colorectal problems. Infections linked with colorectal surgery are particularly common because intestinal tract bacteria are so abundant.

To succeed at reducing infection rates requires hospitals to commit to changing habits, "to really look in the mirror and identify these things," said Dr. Clifford Ko of the American College of Surgeons.

The hospitals involved were Cedars-Sinai Medical Center in Los Angeles; Cleveland Clinic in Ohio; Mayo Clinic-Rochester Methodist Hospital in Rochester, Minn.; North Shore-Long Island Jewish Health System in Great Neck, NY; Northwestern Memorial Hospital in Chicago; OSF Saint Francis Medical Center in Peoria, Ill.; and Stanford Hospital & Clinics in Palo Alto, Calif.

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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Wall Street rises as "fiscal cliff" remarks lift market

NEW YORK (Reuters) - Stocks rose in volatile trade on Wednesday after comments from the top Republican in Congress on a possible compromise to avoid the "fiscal cliff" turned the market on its head.

House Speaker John Boehner, an Ohio Republican, said he was optimistic that a budget deal to avert large tax hikes and spending cuts currently under discussion in Washington could be reached. President Barack Obama, speaking later in the day, said he hoped to get a deal done in the next four weeks.

"The fiscal cliff is dominating the discussion, and short term, we're a little bit too optimistic on it being fixed right away," said John Manley, chief equity strategist for Wells Fargo Advantage Funds in New York.

The market has been swinging on headlines from Washington for weeks now, with Wednesday's gyrations once again highlighting the importance that Wall Street is giving to finding a solution to avoid the "fiscal cliff."

Liberals want tax increases on the wealthiest Americans to help balance the budget, while conservatives make a case for deep cuts in programs for the poor and a widening of the tax base to raise revenues without raising tax rates.

"Both (Democrats and Republicans) have potential to benefit from compromise. It's just a question of not losing face in the process," Manley said.

Boehner's words triggered a comeback in stocks after the S&P 500 fell 1 percent, partly on weak data on the housing sector.

Shares of Costco Wholesale Corp jumped 5.9 percent to $102.19 after the retailer became the latest company to announce a special dividend ahead of expected tax hikes that are part of the negotiations.

The Dow Jones industrial average <.dji> rose 65.16 points, or 0.51 percent, to 12,943.29. The S&P 500 Index <.spx> gained 4.71 points, or 0.34 percent, to 1,403.65. The Nasdaq Composite <.ixic> added 10.20 points, or 0.34 percent, to 2,977.99.

Housing stocks fell after data showed new U.S. single-family home sales fell slightly in October, while September's pace of sales was revised sharply lower.

The PHLX housing index <.hgx> slipped 0.6 percent, but is still up more than 8 percent in the last eight sessions.

Knight Capital Group Inc shares jumped 13.5 percent to $3.37 on news that Getco Holding proposed a $1.4 billion merger with Knight, while Virtu Financial offered to buy Knight for at least $1.1 billion.

Apparel retailer Express Inc rose 9.8 percent to $14.26 after it forecast strong earnings for the current quarter as lower prices and easy-to-understand discounts led to robust Black Friday sales.

Green Mountain Coffee Roasters stock surged 27.3 percent to $36.86 a day after it forecast quarterly and full-year earnings well ahead of analysts' expectations.

(Reporting by Ed Krudy; Additional reporting by Gabriel Debenedetti; Editing by Jan Paschal)

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