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Palins 'Present' at Huge Drunken Brawl (Newser Happy Hour 6-pack)

Newser Alert
The day's six most popular stories, in time to unwind.


Palins 'Present' at Huge Drunken Brawl

Palins 'Present' at Huge Drunken Brawl

(Newser) - It's not entirely clear exactly what happened at a big party in Anchorage, Alaska, Saturday night—but it apparently involved a lot of booze and a lot of Palins. According to Wonkette , multiple members of the family were "present" at a drunken brawl involving up to 20 people... More  »

 
Pistorius Guilty of Culpable Homicide

Pistorius Guilty of Culpable Homicide

(Newser) - Oscar Pistorius has been found guilty of culpable homicide, or negligent killing, in the death of girlfriend Reeva Steenkamp, the AP reports. South African Judge Thokozile Masipa found the athlete not guilty of murder or premeditated murder . Sentencing will begin Oct. 13, reports CNN , which says a typical sentence for... More  »

 
3 Dead Infants Found in Squalid Mass. Home

3 Dead Infants Found in Squalid Mass. Home

(Newser) - The bodies of three infants were found in a now-condemned, vermin-infested Massachusetts home yesterday, two weeks after the state removed four children from the place, the Boston Globe reports. "We do not have the genders of the infants yet, we don't have the manner and cause of death,... More  »

 
School Shooter Recaptured 300 Feet From Prison

School Shooter Recaptured 300 Feet From Prison

(Newser) - A teenager serving life for killing three students and wounding two others in a high school shooting in 2012 has been recaptured after breaking out of an Ohio prison. Officials say TJ Lane, 19, was captured by Ohio State Highway Patrol troopers around 1:20am, hiding by a church just... More  »

 
Newly Found Shipwreck's Story an Extra-Tragic One

Newly Found Shipwreck's Story an Extra-Tragic One

(Newser) - Shipwrecks are tragic things by nature, but the story behind the Nelson, an 1899 wreck discovered Aug. 26 in Lake Superior, is as sad as they come: When the ship foundered in a sudden gale, the captain stayed aboard to lower the lifeboat, then jumped overboard—only to watch as... More  »

 
24-Year-Old Discovers She's Missing Key Part of Brain

24-Year-Old Discovers She's Missing Key Part of Brain

(Newser) - The cerebellum is a pretty important part of the brain—it plays a key role in walking, among other movements—so doctors in China were more than a little surprised when a 24-year-old patient who lives a relatively normal life turned out not to have one. A CAT scan revealed... More  »

 

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STOCKS SLIP TO END THE WEEK: Here's What You Need To Know

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Closing Bell
 

September 12, 2014

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Stocks fell on Friday after retail sales data came in better than expected, while consumer confidence from the University of Michigan came in at its best level since July 2013. 

First, the scoreboard:

  • Dow: 16,987.51, -61.5, (-0.4%)
  • S&P 500: 1,985.54, -12, (-0.6%)
  • Nasdaq: 4,567.60, -24.2, (-0.5%)

And now, the top stories on Friday:

1. Retail sales in August grew 0.6% according to the latest monthly report from the Census Bureau. This result was in-line with expectations. Following the report, Ian Shepherdson at Pantheon Macroeconomics said, "In one line: Solid, especially when revisions taken into account. August retail sales rose 0.6%, in line with the consensus. Sales ex-autos rose 0.3%, also matching expectations. But note the +0.5% revision to prior data, making the net report stronger than expected and lifting the y/y rate to 5.0% from 4.2% in July."

2. The preliminary September report on consumer confidence from the University of Michigan showed confidence rose to 84.6 from 82.5 in August. This also beat expectations for a reading of 83.5, and marked the highest reading since July 2013. Following the report, Paul Diggle at Capital Economics said, "Indeed, with the economic recovery continuing to gather pace and wage growth soon to strengthen, this measure of consumer confidence may soon follow the alternative Conference Board index back up to pre-recession levels... The rise in consumer confidence in September adds to the evidence from August's upbeat retails sales report that third quarter consumption growth will come in stronger than we initially expected. It looks like the economic recovery has a good deal of momentum."

3. Darden Restaurants was in focus on Friday after activist hedge fund Starboard released a 294-slide presentation outlining ways to transform the company, namely its Olive Garden restaurant franchise. The presentation covered nearly every aspect of the company's business, from how it executes its unlimited salad and breadsticks promotion, to how the company cooks its pasta, to discrepancies in how Olive Garden's food appears in promotions and in person. Darden shares fell more than 1.5% on Friday. 

4. Among the biggest gainers on Friday was digital marketing firm Conversant, which gained 30% after announcing a deal to be acquired by Alliance Data Systems for $2.3 billion, or $30 per share. Also higher were shares of Ulta Salon, which gained more than 17% after the company reported earnings that beat expectations. 

5. According to The Wall Street Journal, activist investor Dan Loeb raised $2.5 billion in just two weeks during August, with Loeb planning to use the capital by the end of the year to take activist stakes in companies in the U.S. and abroad. 

6. The U.S. announced new sanction against Russia on Friday in a move aimed squarely at crippling the nation's $425 billion petroleum industry by limiting oil exploration. BI's Brett LoGiurato, citing a senior Obama administration official on Friday, reported that the measures are "designed to effectively shut down this type of oil exploration and production activity by depriving these Russian companies of the goods, technology, and services that they need to do this work." 

7. The British pound retained most of its rally from Thursday evening after the latest YouGov poll showed that voters now favor remaining in the U.K., reversing results from earlier this week. 

Don't Miss: A Hedge Fund Manager Published A Dizzying 294-Page Slide Presentation Exposing How Olive Garden Wastes Money And Fails Customers »

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43 Members Of Israel's Elite Spy Unit Slam Israel's Occupation Of Palestine

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September 12, 2014
43 Members Of Israel's Elite Spy Unit Slam Israel's Occupation Of Palestine 43 Members Of Israel's Elite Spy Unit Slam Israel's Occupation Of Palestine

43 veterans of Israel's most elite military spy unit have sent a letter...
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REPORT: Uber Generates 12X More Revenue Than Lyft, Despite Charging More Per Ride
REPORT: Uber Generates 12X More Revenue Than Lyft, Despite Charging More Per Ride
Uber and Lyft are battling it out across the country to be the app for...  Read»
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The 10 Most Important Things In The World Right Now
The 10 Most Important Things In The World Right Now
Good morning! Here's what people will be chatting about on Friday: 1....  Read»
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Olive Garden Is Breaking One Of The Fundamental Rules Of Cooking Pasta
Olive Garden Is Breaking One Of The Fundamental Rules Of Cooking Pasta
Olive Garden's sales are down, and an activist investor in the...  Read»
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The Surprising Reason Men Have Bigger Noses Than Women
BI Answers: Why do men have bigger noses than women? Maybe you're not...  Read»
Leaked Windows 9 Screenshots Might Provide Our Best Look Yet At Microsoft's New Start Menu And Desktop
A new set of leaked screenshots might provide a brief look at what we...  Read»
[INFOGRAPHIC] Autonomous Cars Could Save The US $1.3 Trillion Dollars A Year
The autonomous car is coming. We've been hearing that since the grainy...  Read»
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49 Wonderful Gifts That Scotland Gave To The World
49 Wonderful Gifts That Scotland Gave To The World
The upcoming vote on Scottish independence has suddenly put the small...  Read»
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Here's Which Countries Are Helping Syria's Refugee Crisis — And Which Ones Are Refusing
Here's Which Countries Are Helping Syria's Refugee Crisis — And Which Ones Are Refusing
As the civil war engulfing Syria and its region moves toward its fifth...  Read»
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Android Fans Are Laughing Over This Graphic Showing Why iPhone 6 Is 2 Years Behind The Curve
Android Fans Are Laughing Over This Graphic Showing Why iPhone 6 Is 2 Years Behind The Curve
The new iPhone fails to beat 2012's Nexus 4 on several key specs.  Read»
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You'll Finally Be Able To Play 'Grand Theft Auto V' On A Computer Next Year
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