02 May, 2011

Justin Bieber dodged egg attack

Justin Bieber
Teen sensation Justin Bieber narrowly escaped being hit by eggs during his concert in Sydney.

A video footage from the concert shows six eggs flying from the crowd and landing just inches from Bieber's feet while he was performing on stage.


The eggs appeared to have come from two different directions. Two eggs first landed within a meter of the singer Justin followed by four more that fell from directly above, reports aceshowbiz.

However, none of them hit the 17-year-old singer, who continued with the show without missing a beat.

Oil prices slip 2% after bin Laden's death

NEW YORK (CNNMoney) -- Oil prices slipped early Monday, as investors breathed a sigh of relief following news that U.S. forces had killed al-Qaeda leader Osama bin Laden.
Crude for June delivery fell $2.07, or nearly 2%, to $111.86 a barrel in early morning trading.
Prices at the pump can vary widely among states due to a number of factors. More
The declines came as Wall Street cheered the announcement that bin Laden, a mastermind of global terrorism, was killed in Abbottabad, about 31 miles north of the Pakistani capital of Islamabad.
President Barack Obama announced the death late Sunday, and officials said early Monday that bin Laden's body has been buried at sea. The news sent stock futures sharply higher in pre-market trading.
National security concerns and terrorist threats typically lead to higher commodity prices, as investors duck out of the stock market. Oil prices had risen recently as investors worried about potential supply disruptions -- with prices spiking during the past month as violence in Libya continues to escalate.
But Monday's sell-off may be short-lived.
"It's very difficult to see how this event will fundamentally change supply or demand for crude oil," said James Williams, an energy economist at the oil and gas consultancy WTRG Economics. "This seems like a gut reaction to what the West views as a happy event. A lot of times we see markets move on happy news that in reality has nothing to do with the market, and I think this is one of them."
In fact, Williams said the death of bin Laden could lead to more violence in the short-term as his followers seek retribution.
"And more violence in the Middle East probably means less oil," he said.
But if the death of bin Laden leads Obama to end the war in Afghanistan sooner, oil prices would likely trend lower.
"Any country in the Middle East, North Africa or even western Asia that goes from war to peace is definitely bearish for oil, because the more peace there is in the region, the less risk premium there is for oil," said Williams.
Meanwhile, U.S. gas prices continued to head higher. Motorist group AAA reported Monday that the national average price for a gallon of regular unleaded gasoline rose 0.9 cents to $3.952. Gas prices have jumped 11% over the past 41 days.
In other commodities, gold, which is typically seen as a safe haven during times of uncertainty, already recovered initial losses. After dipping in overnight trading on the news of bin Laden's death, gold futures for June delivery rose 70 cents to $1,557.10 an ounce. Earlier in the seesion, gold hit an intraday high of $1,577.40 an ounce.
Silver prices sold off sharply, dropping 6% after some early heavy selling. According to news reports, there had been one big sell order that triggered the drop.
The U.S. dollar managed to gain some ground against the yen but remained weak versus the euro, at $1.48. To top of page

Stocks set for higher open after death of Osama bin Laden

NEW YORK (CNNMoney) -- U.S. stocks are poised for a higher open, as investors cheer news that Osama bin Laden was killed by U.S. forces Monday.
OSAMA BIN LADEN IS DEADThe founder and leader of al Qaeda, Osama bin Laden, was killed by U.S. forces in Abbottabad, north of Pakistani capital of Islamabad.

In an address to the nation Sunday night, President Barack Obama called bin Laden's death, "the most significant achievement to date in our nation's effort to defeat al Qaeda."
Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures rose ahead of the opening bell, with the Dow up as much as 87 points. Futures measure current index values against perceived future performance.
Oil for June delivery slipped $2.54 to $111.40 a barrel, while gold prices backed off their peaks earlier Monday.
Gold futures for June delivery rose 50 cents to $1,556.90 an ounce, after hitting an intraday high of $1,577.40 an ounce.
On Friday, Stocks finished their best month this year, as investors got a confidence boost from strong earnings out of Caterpillar (CAT, Fortune 500).
The market has headed higher since the beginning of the year amid strong earnings. Despite jitters about the economy and concerns about inflation, April was the best month for the three indexes since December.
World markets: Markets around the world had a muted reaction to Osama bin Laden's death with Britain's FTSE 100, the Hang Seng in Hong Kong and the Shanghai Composite all closed for holiday.
European stocks rose slightly in morning trading. The DAX in Germany rose 0.9% and France's CAC 40 edged higher 0.4%.
Meanwhile, Japan's Nikkei jumped 1.57% higher at the end of the session.
Economy: Wall Street will get the Institute for Supply Management's April manufacturing index, as well as construction spending figures from the Commerce Department, both out at 10 a.m. ET.
Economists polled by Briefing.com expect the April ISM index will fall to a reading of 58.5 from March's 61.2, while construction spending figures are expected to fall 0.5%.
Investors will also get monthly auto sales figures from the major car makers starting at around 11 a.m. ET.
Companies: For earnings, investors will get quarterly results from natural gas provider Chesapeake Energy (CHK, Fortune 500), utility company ConEd (ED, Fortune 500) and health insurer Humana (HUM, Fortune 500) among others.
Analysts polled by Thomson Reuters expect health insurance giant Humana to post a profit of $1.36 per share for the quarter.
Currencies and commodities: The dollar fell against the euro, but gained strength against the Japanese yen and the British pound.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.3%.  To top of page

World leaders react to news of bin Laden's death

(CNN) -- World reaction poured in early Monday after President Barack Obama's announcement that terrorist leader Osama bin Laden was killed in Pakistan. The U.S. put its diplomatic facilities around the world on high alert and issued a global travel warning for Americans.
Afghan President Hamid Karzai
Karzai said he hopes the world believes that his country is "not the place of terrorism," hours after the United States announced that al Qaeda leader Osama bin Laden was killed in neighboring Pakistan.
"If the international troops are the true allies of Afghans, now they should come up to say that killing of the Afghans, women, children and elders was not a good idea in the last many years as it was happening on a daily basis," Karzai said on RTA TV.
Afghan opposition leader Abdullah Abdullah, Hope and Change leader
The killing of al Qaeda leader Osama bin Laden proves that Pakistan is a "haven" for terror groups, according to Abdullah.
"Killing of Osama bin Laden is pleasant news for Afghans, and now it's proven that al Qaeda and other terrorist organizations are not based in Afghanistan and Pakistan is a haven for them," said Abdullah Abdullah, the leader of the opposition Hope and Change party.
"I don't think that this is the end of the story and everything will not go back to peace in Afghanistan as al Qaeda has put their web much wider in Afghanistan and across the world."
Australian Prime Minister Julia Gillard
Gillard congratulated the U.S. on the operation, and said she acknowledges the role of Pakistan in the fight against terror.
"Our fight against terrorism does not end with bin Laden's death. We must remain vigilant against the threat posed by al Qaeda and the groups it has inspired," she said.
"We will continue our support for the counterterrorism efforts of the United States and our partners, and we will continue our efforts in Afghanistan to ensure that the country never again becomes a safe haven for terrorism."
British Prime Minister David Cameron
The leader said he welcome news of bin Laden's death, saying it means he will no longer pursue his war on terror.
"Osama bin Laden was responsible for the worst terrorist atrocities the world has seen -- for 9/11 and for so many attacks, which have cost thousands of lives," he said. "This is a time to remember all those murdered by Osama bin Laden, and all those who lost loved ones," he said. "It is also a time too to thank all those who work round the clock to keep us safe from terrorism."
German Foreign Minister Guido Westerwelle
Westerwelle described bin Laden as "one of the most brutal terrorists" in the world.
"He has the lives of thousands of innocent people on his conscience. That a stop could be put to this terrorist's bloody trade is good news for all free-living and free-thinking people in the world'
Israeli Prime Minister Benjamin Netanyahu
"Israel joins in the joy of the American people on this historic day in which Osama bin Laden was killed. ... This is a resounding victory for justice, freedom and for the joint values of all the countries that fight side by side determinedly against terror."
Israeli Defense Minister Ehud Barak
Barak described it as "an important achievement for the United states in its fight against world terror."
"The U.S. proved determination and operational prowess in this operation," he said. " Again we learn that the fight against terror is shared by all leading democracies in the world and will be won with joint effort that is not over yet."
Japanese Prime Minister Naoto Kan's office
Spokesman Noriyuki Shikata said the nation would continue its work with the international community to combat terrorism.
"We pay our respects to the efforts of those concerned, including the U.S. and Pakistan. We regard this as part of a united effort to fight against terrorism," Shikata said. "Japan has been working on assistance to both Pakistan and Afghanistan, and proactively tackling the issue of terrorism."
Italian foreign Minister Franco Frattini
The foreign minister applauded the U.S. forces, saying "this is a great victory for the United States and for the entire international community" in the fight against terror.
"It is a victory made possible by the determination of the United States in their hunt against the one responsible for the most tragic episode at the beginning of this century, 9/11 and numerous other tragedies," he said. " A victory that rewards the efforts that all of us next to the United States have fought and continue to fight against terrorism. A victory of good against evil, of justice against malignancy. It is a victory of the free and democratic world."
Pakistan Foreign Ministry
The Pakistani foreign ministry issued a statement confirming the terror leader's death.
"In an intelligence driven operation, Osama bin Laden was killed in the surroundings of Abbotabad in the early hours of this morning. This operation was conducted by the U.S. forces in accordance with declared U.S. policy that Osama bin Laden will be eliminated in a direct action by the U.S. forces, wherever found in the world," the ministry said.
"Earlier today, President Obama telephoned President Zardari on the successful U.S. operation which resulted in killing of Osama bin Laden."
The ministry said the killing highlights the resolve of Pakistan and the international community to combat terrorism.
Turkish President Abdullah Gul
Gul said he welcomed the news of bin Laden's death.
"Terrorists and leaders of terrorists are captured alive or dead sooner or later," Gul said at a news conference. "It should teach a lesson that the leader of the world's most dangerous and sophisticated terrorist organization is captured this way.
Yemeni government official
A government official described the death of Osama bin Laden as "a truly historic moment."
We welcome the news ... millions of people will sleep in peace tonight," the official said. "Osama bin Laden was more of a symbolic figure, a spiritual leader for al Qaeda."
The official said it is too early to determine how his death will affect the war against terror.
"But this is definitely a strong blow to the organization," said the official, who did not want to be named because he is not authorized to talk to the media.