New York Stock Exchange to be sold

NEW YORK The New York Stock Exchange (NYX) is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board.

The buyer, IntercontinentalExchange Inc. (ICE), an upstart exchange based in Atlanta, made clear Thursday that little would change for the iconic trading floor in Manhattan's financial district if regulators approve the deal.

There will be dual headquarters in New York and Atlanta and ICE will open an office in Manhattan. NYSE CEO Duncan Niederauer will become president of the combined company and CEO of NYSE Group.

ICE said that the tie-up will create a top exchange operator covering a diverse lineup of markets and boosting efficiency.

"We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure," said IntercontinentalExchange Chairman and CEO Jeffrey Sprecher. "With a track record of growth and returns, clearing and M&A integration, we are well positioned to transform our combined companies into a premier global exchange operator that remains a leader in market evolution."

Sprecher will keep his positions. Four members of the NYSE board will be added to IntercontinentalExchange's board, expanding it to 15 members.

NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock.

IntercontinentalExchange plans to fund the cash portion of the acquisition with a combination of cash and existing debt. It added that the addition of NYSE will help it cut costs and should boost its earnings by more than 15 percent in the first year after the deal closes.

The deal has been approved by the boards of both companies, but still needs the approvals by regulators and the shareholders of both companies. It's expected to close in the second half of next year.

Exchanges have repeatedly attempted to merge recently as competition intensifies and commissions decline.

Last year, IntercontinentalExchange and Nasdaq OMX Group Inc. made a failed $11 billion bid to buy NYSE Euronext.

Earlier this year, European regulators blocked Deutsche Boerse AG from buying NYSE Euronext.

Shares of NYSE jumped 40 percent in premarket trading to $33.75 and are headed for a new high for the year. Shares if ICE rose 5 percent, to $134.98.

Shares of both companies had been halted in premarket trading earlier Thursday.

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Schools Threatened Nationwide After Sandy Hook













Schools across the country, already on edge following last week's massacre of 20 students and six adults at a Newtown, Conn., elementary school have been further unnerved following a series of copycat threats, sometimes yielding arrests and caches of deadly weapons.


From California to Connecticut, police in the past five days have arrested more than a dozen individuals in Indiana, South Carolina, Maryland and elsewhere who were plotting or threatening to attack schools.


"After high-profile incidents like the shootings at Columbine and Sandy Hook, threats go off the wall. Some of those threats turn out to be unfounded, but sometimes those incidents propel people planning legitimate threats," Ken Trump, a national school safety consultant, told ABCNews.com.


CLICK HERE FOR AN INTERACTIVE MAP AND TIMELINE OF THE SANDY HOOK SHOOTING.


Many of these incidents turned out to be little more than young people acting out or seeking attention, but in some cases police found significant stockpiles of firearms and ammunition.


Just a few hours after the world learned what happened inside the halls at the Sandy Hook elementary school, police arrested a 60-year-old Indiana man who had allegedly threatened to "kill as many people as he could before police stopped him," according to the police report, at an elementary school in Cedar Lake, Ind.






Brendan Smialowski/AFP/Getty Images











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When Von Meyer was arrested, just 1,000 feet from Jane Ball Elementary School, police confiscated from his home $100,000 worth of guns and ammunition including 47 weapons.


The school was placed on lockdown.


Meyer's case was taken by the Lake County public defender's office, but an attorney has not yet been assigned. He has been charged with seven crimes, including felonious intimidation, and an automatic "not guilty" plea was made on his behalf at a hearing on Tuesday.


Many of the suspects arrested in the wake of the Connecticut shooting were themselves school students – teenagers or young adults.


On Wednesday, in Laurel, Md., an unidentified student at Laurel High School was taken to the hospital and placed under psychiatric evaluation after school security officials found maps of the school and lists of students they believed he planned to kill.


Authorities called the evidence a "credible threat." The student, however, was not arrested or charged with a crime.


In Columbia, Tenn., police arrested Shawn Lenz, 19, who on Saturday posted to Facebook that he felt like "goin on a rampage, kinda like the school shooting were that one guy killed some teachers and a bunch of students."


He later told police that "it was stupid" to have written what he did. Lenz was arraigned Tuesday on terrorism and harassment charges and was appointed a public defender. He did not enter a plea.


A Tampa, Fla., school was put on lockdown two days in a row, Tuesday and Wednesday, after students found bullets on a school bus. Police there have made no arrests.


Despite the rash of recent threats, anecdotal data compiled by Trump's National School Safety and Security Services and analyzed by Scripps Howard found that there were approximately 120 known but thwarted plots against schools between 2000 and 2010. The list is not comprehensive and many incidents likely went unreported.


Fifty-five of those known threats -- all thwarted -- involved guns and 22 of them involved explosive devices, according to the Scripps Howard report.


"We're getting better at preventing these situations," Trump told ABC News.com.


But in that same time there were about 50 lethal school shootings, including the killing of 32 people at Virginia Tech.


"While shootings statistically may be rare, they impact a community and these kids forever," said Trump.



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Syrian rebels fight for strategic town in Hama province


BEIRUT (Reuters) - Rebels thrust into a strategic town in Syria's central Hama province on Thursday, activists said, pursuing a string of territorial gains to help cut army supply lines and cement a foothold in the capital Damascus to the south.


They have made a series of advances across the country, seizing several military installations and more heavy weaponry, hardening the threat to President Bashar al-Assad's power base in Damascus 21 months into an uprising against his rule.


Rebels said a day earlier they had captured at least six towns in Hama province. On Thursday heavy fighting erupted in Morek, a town on the highway that runs from Damascus north to Aleppo, Syria's largest city and another battleground.


The opposition-linked Syrian Observatory for Human Rights said rebels were trying to take checkpoints in Morek, one of which they had already seized, and described the town as a critical position for the Syrian army.


"The town of Morek lies on the Damascus-Aleppo road ... it has eight checkpoints and two security and military headquarters. If the rebels were able to control the town they would completely sever the supply lines between Hama and Damascus to Idlib province," the group said in an email.


Idlib is in the rebel-dominated north bordering on Turkey.


The British-based Observatory has a network of activists across the country. Activist reports are difficult to verify, as the government restricts media access into Syria.


Fighting in Hama could aggravate Syria's sectarian strife as it is home to many rural minority communities of Alawites and Christians. Minorities, and particularly the Alawite sect to which Assad himself belongs, have largely backed the president. Syria's Sunni Muslim majority has been the engine of the revolt.


"Rebels are trying to take Mohardeh and al-Suqaylabiya, which are strongholds of the regime and are strategic. The residents are Christian and the neighboring towns are Alawite. The rebels worry security forces may be arming people there," said activist Safi al-Hamawi, speaking on Skype.


He said the opposition feared skirmishes that had previously been largely Sunni-Alawite could spread into a broader sectarian conflict.


"I think it is still unlikely, because the residents have tried to maintain neutrality, but if the battle became a sectarian clash, it could be a catastrophe. Christians and Muslims could suddenly find themselves enemies."


U.N. human rights investigators said on Thursday that Syria's conflict was becoming more "overtly sectarian", with more civilians seeking to arm themselves and foreign fighters - mostly Sunnis - flocking in from 29 countries.


"They come from all over, Europe and America, and especially the neighboring countries," said Karen Abuzayd, one of U.N. investigators, told a news conference in Brussels.


The deepened sectarian divisions may diminish prospects for post-conflict reconciliation even if Assad is ousted, and the influx of foreigners raises the risk of fighting spilling into neighboring countries riven by similar communal fault lines.


President Vladimir Putin of Russia, Assad's main ally and arms supplier, warned that any solution to the conflict must ensure government and rebel forces do not merely swap roles and fight on forever. It appeared to be his first direct comment on the possibility of a post-Assad Syria.


The West and some Arab states accuse Russia of shielding Assad after Moscow blocked three U.N. Security Council resolutions intended to increase pressure on Damascus to end the violence, which has killed more than 40,000 people. Putin said the Syrian people would ultimately decide their own fate.


FIGHTS FOR DAMASCUS CAMP


Assad's forces have been hitting back at rebel advances with bouts of heavy shelling, particularly along the eastern ring of suburbs outside Damascus, where rebels are dominant.


A Syrian security source said the army was planning heavy offensives in northern and central Syria to stem rebel advances, but there was no clear sign of such operations yet.


Rebels seized the Palestinian refugee district of Yarmouk earlier this week, which put them within 3 km (2 miles) of downtown Damascus. Heavy shelling and fighting forced thousands of Palestinian and Syrian residents to flee the Yarmouk area.


But rebels said on Thursday they were negotiating to put the camp - actually a densely packed urban district - back into the hands of pro-opposition Palestinian fighters. There are some 500,000 Palestinian refugees and their descendants living in Syria, and they have been divided by the uprising.


Palestinian factions, some backed by the government and others by the rebels, had begun fighting last week, a development that allowed Syrian insurgents to take the camp.


Despite warnings of continued violence, a video released by activists on Thursday showed dozens of people returning to Yarmouk. Most of the people in the footage were men, suggesting entire families may not be venturing back yet.


"There are still negotiations going on between the Palestinians and the rebels. The rebels want control of the checkpoints to be sure they can keep supply routes open to central Damascus," said a rebel who asked not to be named.


"Palestinians want their fighters to run the checkpoints so the army will stop attacking and people can go home. But we are worried there are government collaborators among them."


The fighter said rebels were looking to ensure their Palestinian allies could keep open access for rebels in Yarmouk, which they have described as a gateway to central Damascus.


LEBANON BORDER POST TAKEN


Elsewhere, Syrian insurgents took over an isolated border post on the western frontier with Lebanon earlier this week, local residents told Reuters on Thursday.


They said around 20 rebels from the Qadissiyah Brigade overran the post at Rankus, which is linked by road to the remote Lebanese village of Tufail.


Video footage downloaded on the Internet on Thursday, dated December 16, showed a handful of fighters dressed in khaki fatigues and wielding rifles as they kicked down a stone barricade around a small, single-storey army checkpoint.


"This is the end of you, Bashar you dog," one of the fighters said. The remains of two army trucks, which the rebels said had been blown up, stood nearby on a single track dirt road crossing a flat brown plain between snow-capped mountains.


The rebels already hold much of the terrain along Syria's northern and eastern borders with Turkey and Iraq respectively.


Syrian Interior Minister Ibrahim al-Shaar arrived in Lebanon on Wednesday for treatment of wounds sustained in a bomb attack on his ministry in Damascus a week ago.


Lebanese medical sources said Shaar had shrapnel wounds in his shoulder, stomach and legs but they were not critical.


The Syrian opposition has tried to peel off defectors not only from the army but from the government as well, though only a handful of high-ranking officials have abandoned Assad.


But the conflict has divided many Syrian families. Security forces arrested on Thursday an opposition activist who is also the relative of Vice President Farouq al-Sharaa, the Syrian Observatory said. The man was arrested along with five other activists who are considered pacifists, it said.


Sharaa, a Sunni Muslim who has few powers in Assad's Alawite-dominated power structure, said earlier this week that neither side could win the war in Syria. He called for the formation of a national unity government to solve a crisis that has killed more than 40,000 Syrians.


(Reporting by Erika Solomon; Editing by Mark Heinrich)



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S'poreans are the least positive: poll






SINGAPORE: A Gallup poll said Singaporeans are the least positive, after the same poll found Singaporeans to be the world's most emotionless people.

Last year, international pollster Gallup measured positive emotions of 1000 people in 148 countries and areas using five questions.

They asked people questions such as whether they experienced a lot of enjoyment the day before the survey, whether they felt respected, well-rested, laughed and smiled a lot, and did or learned something interesting.

Singapore topped the list of countries where the fewest adults experienced positive emotions.

The poll found Singaporeans to be less positive than those in Iraq, Yemen and Afghanistan.

Singaporeans rank fifth in the world in terms of GDP per capita.

Latin Americans are the most positive people in the world, with residents in Panama and Paraguay among the most likely to report experiencing positive emotions.

Residents of Panama rank 90th in the world with respect to GDP per capita.

Gallup says these data may surprise analysts and leaders who solely focus on traditional economic indicators.

- CNA/xq



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Get a free 1-year membership to ShopRunner



Talk about good timing!


From now through Dec. 31, you can get a free 1-year membership to ShopRunner -- the service that affords, among other things, free 2-day shipping from dozens of big-name stores. (Use offer code runner when filling out the registration form.) That may come in awfully handy for you last-minute gift shoppers.


Before I go any further, and to help prevent another SiriusXM Internet Radio-style debacle, I must point out that this offer is ostensibly for American Express Platinum Card members only. Consequently, it could disappear at any time, and it's even possible that ShopRunner will revoke the freebie for anyone who turns out not to have an Amex.


That said, I signed up without any problem, and it appears my membership is valid -- at least for the time being. Again, this offer is technically not for you, but for the moment it's definitely available to you (if you're a new ShopRunner member, that is). If something changes, well, please think twice before you blame me, American Express, or ShopRunner. (But especially me.)


For those unfamiliar with it, ShopRunner upgrades you to free 2-day shipping at stores ranging from American Eagle to MacMall to Newegg to Toys R Us. And there's no minimum purchase, either, so you can get that fast, free shipping even if you spend only a couple bucks.


ShopRunner also entitles you to free return shipping, a huge plus if you've ordered something big and heavy (like, say, a TV or speaker system) and decided you don't like it. (Restocking fees may apply, though, so the return itself may not be "free.").


Finally, the service offers various members-only deals, like "10 percent off your order" here and "save $15 on $75 or more" there. These aren't exactly earth-shattering, though, nor are they even the best discounts you can find. For example, ShopRunner offers 20 percent off your order at Fathead, but a little Googling reveals a coupon code for 25 percent off -- one anybody can claim.


Still, the big draw here is the shipping upgrades. And would you believe a year of ShopRunner normally costs $79? It would be a cold day in Bermuda before I'd pay that much for this service. But free? Yeah, I'll take it for free.


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State Dept. official resigns following Benghazi report

Eric Boswell, the head of diplomatic security at the State Department, has resigned, CBS News confirmed, following the release of a harsh report detailing State Department missteps that led to the attack on the U.S. Consulate in Benghazi.

Boswell's resignation from his post as assistant secretary of state for diplomatic security is effective immediately. Sources say he will stay on as director of the Office of Foreign Missions for a short, indefinite time.



The report, released today by an independent board led by retired Ambassador Thomas Pickering and former Joint Chiefs of Staff Chairman Adm. Mike Mullen, did not single out any individuals for culpability. It did, however, blame failures within two bureaus at the State Department for the missteps that eventually lead to the deaths of Ambassador Christopher Stevens and three additional American personnel in Libya. The two bureaus cited -- Near Eastern Affairs and Diplomatic Security -- were criticized for a security posture that was "grossly inadequate to deal with the attack," and for failing to coordinate with other agencies to better secure the consulate.

Members of the House Foreign Affairs and Senate Foreign Relations Committees were briefed this morning on the report. "I think the conclusion was very stark, very candid, very honest," Sen. Dick Durbin, D-Ill., said after the briefing. "And [the report] told us the following: Mistakes were made, lives were lost, lessons need to be learned."

Durbin said the review board's conclusions were: "Our intelligence fell short, our security personnel were inexperienced and unprepared, our security systems failed, our host nation was lacking in protection for our own people, and senior State Department officials unfortunately showed a lack of leadership and management ability."

He added, "That is a challenge to all of us, it is a challenge for us to assess this in an honest fashion and to change policy to put resources in place that will make a difference."

Sen. Bob Corker, R-Tenn., said after the briefing that there were "no doubt a numbers of problems" that led to the Sept. 11 attack.

"There is no question there were people within the State Department that were remiss and did not execute in an appropriate way," Corker told reporters. "There are also some cultural issues."

Secretary of State Hillary Clinton was scheduled to testify before Congress on Thursday in two hearings reviewing the Benghazi attack. However, after falling ill and suffering from a concussion, she's no longer scheduled to appear at the hearings. Clinton sent a letter to Congress, indicating she accepts the Benghazi report's 29 recommendations for strengthening security at diplomatic posts and recognizes the the need to address the "systemic challenges" at the State Department.

Corker said it's "imperative" Clinton testify before a new secretary of state is confirmed in President Obama's second term. "I think that is very important to her, I think it is very important for our country, and I think it is very important to really understand the inner workings of the State Department itself," he said.

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Newtown Parents Committed to Staying Put














The people of Newtown, Conn., and the surrounding towns are filled with fear and doubt in light of the rampage that turned their worlds upside down. Despite the uncertainty, however, there is one thing parents are adamant about: They're not going anywhere.


"I know it's an awful thing, but this town and the towns surrounding it, it's a big community where people come together and people know each other," resident Chris Roman said. "Growing up here, I would definitely stay."


He paused a moment, before saying with great resolve, "I'm definitely going to stay. One tragedy is not going to push us away."


Roman and his wife, Ellen Roman, are the parents of 16-month-old Stella and they have held her even closer since the Adam Lanza killed 26 people at Sandy Hook Elementary School before turning the gun on himself. He had killed his mother at her home earlier that morning.


"I don't think I've kissed her as much as I have in the past three days as I have the entire time she's been alive," Ellen Roman, 33, said. "I constantly am picking her up and kissing her and hugging her."


The new mom is still shaken by the shooting, gasping to choke back tears as she recalled hearing the news.








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"Before I even knew that anyone had died, before I even knew that anyone had been shot, I was bawling; just to know that gunfire had happened anywhere near a school in Newtown affected me," she said through tears. "This town is so small and it's such a tight community and everyone knows everyone so it's just, it just doesn't happen here. It just doesn't happen in this town."


Chris Roman, 36, said there's "a big hole to fill that will never be filled" in the community, and he hopes for change so that the only tricky conversation he'll have to have with his young daughter in the future is "the birds and the bees talk."


"It's something that we all have to deal with and work together and try to stop it from happening so I wouldn't have to explain it to her," he said of school shootings.


Other parents echoed the Romans' sentiments.


Maureen Pendergast is the mother of 11-month-old James and her 8-year-old nephew is a student at Sandy Hook Elementary School.


"It's absolutely terrible," Pendergast said. "My nephew, Brian, was in the school when it did happen and James goes to day care right down the street here, so it's hard to say [Lanza] didn't stop into the day care."


She said Brian is "as OK as he can be" and that his parents are planning on putting him in counseling. Pendergast knows that healing will take time, but she plans on sticking it out.


"I want to stay," she said. "Overall, it's a very cute and quiet town. My husband has lived here his entire life and I like it. It's a tough community."


Others are equally committed, including Ana Deaguiar of nearby Danbury.


"I'm not going anywhere," Deaguiar, mother of 16-month-old Giovanni, said. "I've spent 11 years in Danbury and I don't think about moving at all. I want him to grow up here and not let this be the only memory there is of this state and this region."



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South Korea president-elect Park says victory is people's hope for economic recovery

In the aftermath of Friday's Newtown school shooting, we've heard tales mostly horrifying and occasionally heroic, from surviving witnesses and mourning citizens alike, but this one lies somewhere in between, all the more unshakeable. One six-year-old Sandy Hook student played dead in her first-grade classroom, her family pastor said late Sunday, with the kind of quick thinking that ended up saving her life but now leaves her with the unshakeable memories of watching all her classmates being shot and killed. ...
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Football: Singapore 3 Thailand 1






SINGAPORE - Singapore took a firm grip on the AFF Suzuki Cup final Wednesday with a 3-1 win over Thailand in the first leg at Jalan Besar Stadium.

Goals from Mustafic Fahruddin, Khairul Amri and Baihakki Khaizan gave the Lions a deserved win which will raise hopes of a record fourth Southeast Asian title ahead of Saturday's second leg in Bangkok.

Thailand were briefly on level terms in the second half through Adul Lahso but the goal-scorer's departure on a stretcher later meant they finished with 10 men, as coach Winfried Schafer had already made all his substitutions.

In a carnival atmosphere, Singapore were quickly into their stride with some slick interchanges on the artificial surface, and Bosnian-born striker Aleksandar Duric, 42, headed over as early as the third minute.

Duric, who will retire after the tournament, proved himself a handful again just minutes later when he was hauled down in the box by Piyaphon Buntao, with Japanese referee Masaaki Toma pointing straight to the spot.

Fahruddin survived some nervy moments after his first, successful spot-kick was ruled out for encroachment, and he planted the second effort high and right to spark jubilation in the packed 7,500-capacity stadium.

Singapore were dominant and Amri, the match-winning hero when the two sides met in the 2007 final, floated a showboating effort from distance which tested Thai goalkeeper Kawin Thamasatchanan.

Teerasil Dangda's shot from a tight angle was as close as Thailand came in the first half but the classy forward brought his team roaring back into it on 59 minutes when his cut-back was swept in off the post by Adul.

However, parity lasted just two minutes as Duric found Amri in the box from the left and the striker span away from his marker, turned and buried his shot right-footed at the near post.

Singapore goalkeeper Izwan Mahbud was at full stretch when he palmed away a stinging free-kick by Thailand's Jakkapan Ponsai, and Duric should have done better with a header from a set-piece as the chances flowed.

With 10 minutes to go, Thailand were dealt a blow when goal-scorer Adul was stretchered off injured, reducing them to 10 men.

And Khaizan made them pay when he bundled in a corner with just seconds left to make Singapore favourites to seal victory in the second leg.

- AFP/ir



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Apple releases iOS 6.0.2 to fix Wi-Fi issue



Apple on Tuesday released another minor update to
iOS 6 that promises to fix a Wi-Fi issue affecting some devices.


The software, which went this morning, says simply that it "fixes a bug that could impact Wi-Fi." No additional features or security fixes are a part of the update, according to the company's release notes.


The update comes just a day after Apple gave developers a fourth beta of iOS 6.1. That software, which is expected by the end of the year, or shortly thereafter, brings new boarding pass behavior in Apple's Passbook software, tweaks to
Safari, reworked music playback controls from the lock screen, ticket purchases through Fandango in Siri, and a back-end change in Apple's mapping software.


Apple's last update to iOS 6 was iOS 6.0.1 on November 1. That software fixed a handful of bugs, including one that kept
iPhone 5 users from installing over-the-air software updates. It also fixed an issue with lines appearing on the software keyboard, and a bug that deleted meetings from calendars when accepting an invitation.

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