Report links drug agents to Secret Service prostitute scandal: NBC

WASHINGTON (Reuters) - Two drug enforcement agents "facilitated a sexual encounter" between a prostitute and a Secret Service agent before an international summit in Colombia last April, NBC News reported on Thursday, citing a Justice Department investigation.
The two Drug Enforcement Administration agents also admitted paying for the sexual services of a prostitute, and used their government-issued BlackBerry devices to arrange the encounters, NBC reported.
A summary of the Justice Department's findings said the agents tried to destroy incriminating information or initially lied to investigators about the incidents, according to the report.
But the summary concluded that the agents' actions did not warrant criminal prosecution, and said the U.S. Attorney's Office declined to start any legal proceedings, referring the case to the DEA for "action it determines to be appropriate."
The Justice Department's office of the inspector general had no comment on Thursday evening.
It was the latest turn in the Colombia prostitution scandal, in which a dozen Secret Service employees were accused of misconduct for bringing women, some of them prostitutes, to their hotel rooms in Cartagena, Colombia, before President Barack Obama's visit there in April.
The Department of Homeland Security found that their actions did not compromise the president's safety. At least seven of the employees have left the agency since the scandal broke.

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Canadian dollar overlooks U.S. results in rangebound trade

TORONTO (Reuters) - Canada's dollar ended slightly lower against its U.S. counterpart on Wednesday, shrugging off a modest rally in other riskier assets after Alcoa opened the U.S. earnings season with an optimistic outlook.
Global equities staged a modest recovery after two days of losses. Even with the encouraging Alcoa report, investors lacked a clear view of how U.S. corporations fared in the fourth-quarter and the Canadian currency was rangebound.
Adam Cole, global head of FX strategy at RBC Capital Markets in London, expected more reaction to U.S. earnings once they picked up steam.
"If that's where stocks take their direction then it's difficult to get away from that, being a fairly major barometer of pressure on CAD," he said.
There was caution a day ahead of European and British central bank policy meetings, as well as a Spanish auction that will test appetite for peripheral euro zone debt, and Chinese trade data.
On the home front, the next major event of interest is a speech on Thursday by Tiff Macklem, a senior Bank of Canada official widely tipped to replace the departing Governor Mark Carney.
"Investors are looking toward Tiff Macklem's speech to see if there are any hints of his policy takes, if they're any different from Carney's, which is highly unlikely I think," said John Curran, senior vice president at CanadianForex.
"If anything, the Canadian dollar is remaining in positive territory recently speaking due to last week's (jobs) numbers and expectations that frontrunner Macklem is going to be towing the line so to speak with previous BoC sentiment."
The Bank of Canada stands apart from other major central banks in that it avoided large bouts of quantitative easing and now insists the next move in interest rates is likely to be up.
The Canadian dollar ended the North American session at C$0.9877 versus the greenback, or $1.0125, slightly weaker than Tuesday's close at C$0.9867, or $1.0135. It traded in a tight 26-point range between C$0.9855-C$0.9881.
U.S. profits were expected to beat the previous quarter's lackluster results, but analyst estimates were down sharply from October. Quarterly earnings were expected to grow by 2.7 percent, according to Thomson Reuters data.
RBC noted near-term U.S. dollar resistance versus the Canadian dollar around C$0.9947 and support near C$0.9826.
Analysts noted that the looming U.S. debt ceiling talks also kept investors on the sidelines.
Still, the Canadian dollar was outperforming some other major currencies such as the yen, as renewed expectations of easier Bank of Japan monetary policy led some investors to sell the Japanese currency.
Canadian bond prices were also little changed across the curve. The two-year bond was off nearly 1 Canadian cent to yield 1.168 percent, while the benchmark 10-year bond was down 2 Canadian cents to yield 1.910 percent.

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Wall Street rises after Alcoa reports earnings

NEW YORK (Reuters) - Stocks rose on Wednesday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season.
Stocks had retreated at the start of the week from the S&P 500's highest point in five years, hit last Friday, on worries about possible earnings weakness.
Shares of Alcoa Inc were down 0.5 percent to $9.08 after early gains, following the company's earnings release after the bell on Tuesday. The largest U.S. aluminum producer said it expects global demand for aluminum to grow in 2013.
Herbalife Ltd stock rose 4.2 percent to $39.95 in its most active day of trading in the company's history after hedge fund manager Dan Loeb took a large stake in the nutritional supplements seller. Prominent short-seller Bill Ackman had previously accused the company of being a "pyramid scheme," which Herbalife has denied.
Traders have been cautious as the current quarter shaped up like the previous one, with companies recently lowering expectations, said James Dailey, portfolio manager of Team Asset Strategy Fund in Harrisburg, Pennsylvania. Lower expectations leave room for companies to surprise investors even if their results are not particularly strong.
"The big question and focus is on revenue, and Alcoa had better-than-expected revenue," which calmed the market a little, Dailey said.
Overall, corporate profits were expected to beat the previous quarter's meager 0.1 percent rise. Both earnings and revenues in the fourth quarter are expected to have grown by 1.9 percent, according to Thomson Reuters data.
The Dow Jones industrial average <.dji> gained 61.66 points, or 0.46 percent, to 13,390.51. The Standard & Poor's 500 Index <.spx> rose 3.87 points, or 0.27 percent, to 1,461.02. The Nasdaq Composite Index <.ixic> gained 14.00 points, or 0.45 percent, to 3,105.81.
Facebook Inc shares rose above $30 for the first time since July 2012, trading up 5.3 percent at $30.59. Facebook, which has been tight-lipped about its plans after its botched IPO in May, invited the media to its headquarters next week.
Clearwire Corp shares jumped 7.2 percent to $3.13 after Dish Network bid $2.28 billion for the company, beating out a previous Sprint offer and setting the stage for a takeover battle for the wireless service provider that owns crucial mobile spectrum.
Apollo Group Inc slid after heavier early losses, a day after it reported lower student sign-ups for the third straight quarter and cut its operating profit outlook for 2013. Apollo's shares were last off 7.8 percent at $19.32.
Volume was below the 2012 average of 6.42 billion shares traded per day, as 6.10 billion were traded on the New York Stock Exchange, NYSE MKT and Nasdaq.
Advancing stocks outnumbered declining ones on the NYSE by 2,014 to 963, while on the Nasdaq advancers beat decliners 1,603 to 859.

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Asia stocks rise on positive start to US earnings

BANGKOK (AP) — A positive start to U.S. corporate earnings season helped boost Asian stock markets Thursday.
Major regional benchmarks rose on the heels of a handful of better-than-expected results that also lifted Wall Street.
Consumer products maker Helen of Troy, whose brands include Dr. Scholl's and Vidal Sassoon, reported a 15 percent profit increase. Electronic payments processor Global Payments said its fiscal second-quarter earnings rose nearly 15 percent, beating Wall Street expectations.
After markets closed Tuesday, Alcoa Inc. predicted rising demand for its aluminum this year and topped revenue expectations for the fourth quarter. Earlier in the day, agricultural products giant Monsanto said its profit tripled and raised its guidance for 2013.
Japan's Nikkei 225 index rose 0.9 percent to 10,677.74. Hong Kong's Hang Seng gained 1 percent to 23,439.46. South Korea's Kospi added 0.7 percent to 2,005.39 and Australia's S&P/ASX 200 advanced 0.4 percent to 4,725.80.
The European Central Bank will meet later Thursday to set monetary policy for the 17 countries that use the euro. It is expected to keep its benchmark interest rate unchanged at the record low of 0.75 percent even though the eurozone economy as a whole is back in recession. Investors are also awaiting the release in the U.S. of weekly jobless claims.
On Wall Street, the Dow Jones industrial average rose 0.5 percent to close at 13,390.51 on Wednesday. The Standard & Poor's 500 rose 0.3 percent to 1,461.02. The Nasdaq composite index rose 0.5 percent to 3,105.81.
Benchmark crude oil contract for February delivery was up 33 cents to $93.44 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $93.10 per barrel on the Nymex on Wednesday.
In currencies, the euro fell to $1.3047 from $1.3053 while the dollar rose to 88.05 yen from 87.75 yen.

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Golf-Goosen returns after "totally disintegrated" disc

Jan 8 (Reuters) - Twice U.S. Open winner Retief Goosen will play his first tournament for nearly five months at this week's Volvo Golf Champions in South Africa after having surgery on a "totally disintegrated" disc in his back.
The 43-year-old South African, who rated his health as "about five out of 10" at the WGC-Bridgestone Invitational in August in his penultimate event before an extensive break to repair his back, is itching to play tournament golf again.
"I'm very excited about the New Year," said Goosen who is making his comeback about six weeks ahead of schedule. "Obviously the last three years have been pretty bad.
"Last year I tried a bit of everything... injections, loads of physio, anything you could think of but nothing really helped. In the end we had no choice but to have the operation," he told the European Tour website (www.europeantour.com).
"It's been great. It's been almost five months now. I've been off painkillers and that cleans the system out a little bit. I started hitting balls, or half shots, about three weeks ago and I felt pretty good."
Goosen, who has 14 European Tour wins to his name but has not triumphed on the circuit since 2007, said he entered this week's event in Durban just before the deadline.
The 2001 and 2004 U.S. Open winner lost to compatriot Branden Grace in a playoff, which also featured Ernie Els, at the same event last year and said 2013 could be his season such is the unpredictability of golf.

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Goosen returns after "totally disintegrated" disc

Twice U.S. Open winner Retief Goosen will play his first tournament for nearly five months at this week's Volvo Golf Champions in South Africa after having surgery on a "totally disintegrated" disc in his back.
The 43-year-old South African, who rated his health as "about five out of 10" at the WGC-Bridgestone Invitational in August in his penultimate event before an extensive break to repair his back, is itching to play tournament golf again.
"I'm very excited about the New Year," said Goosen who is making his comeback about six weeks ahead of schedule. "Obviously the last three years have been pretty bad.
"Last year I tried a bit of everything... injections, loads of physio, anything you could think of but nothing really helped. In the end we had no choice but to have the operation," he told the European Tour website (www.europeantour.com).
"It's been great. It's been almost five months now. I've been off painkillers and that cleans the system out a little bit. I started hitting balls, or half shots, about three weeks ago and I felt pretty good."
Goosen, who has 14 European Tour wins to his name but has not triumphed on the circuit since 2007, said he entered this week's event in Durban just before the deadline.
The 2001 and 2004 U.S. Open winner lost to compatriot Branden Grace in a playoff, which also featured Ernie Els, at the same event last year and said 2013 could be his season such is the unpredictability of golf.
"Hopefully the back will stay as good as it feels now. I just need to really work on my swing a little bit and find a bit of game. I'm not really sitting here expecting to win but you never know in this game.

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Jets fire offensive coordinator Tony Sparano

FLORHAM PARK, N.J. (AP) — Tony Sparano has been fired as the New York Jets' offensive coordinator after one season in which the offense ranked among the league's worst.
Sparano was hired last March to replace Brian Schottenheimer and take over an offense that struggled mightily. Instead, the former Miami Dolphins head coach wasn't able to jumpstart the running game or figure out a way to use Tim Tebow consistently as the Jets finished 30th in the NFL in total offense.
Sparano was expected to use Tebow as a major part of the Jets' wildcat-style offense, but the popular backup quarterback was mostly a non-factor — failing to get into the end zone during his first and likely only season in New York.
The contract of quarterbacks coach Matt Cavanaugh also was not renewed.

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Asian shares slip, Basel ruling supports banks

 Asian stocks drifted down on Monday as investors booked profits from a New Year rally that had pushed markets to multi-month highs, although financial stocks gained after global regulators decided to relax draft plans for tough new bank liquidity rules.
Commodity prices mostly held steady, supported by data showing the U.S. economy continuing on a path of slow but steady recovery that propelled Wall Street stocks to a five-year high.
Financial bookmakers called Europe's main share indexes to open flat or slightly lower, while S&P 500 index futures traded in Asia eased 0.2 percent, pointing to a weaker start in New York.
"It just seems like markets are entering a consolidation phase after recent gains and with most markets trading at fresh 12-month highs," said Stan Shamu, market strategist at financial spreadbetting firm IG in Melbourne.
The dollar fell against the yen, coming off a two-and-a-half year peak it had logged against the Japanese currency as investors adjusted to the possibility of more monetary stimulus in 2013 from the Bank of Japan and less from the U.S. Federal Reserve.
MSCI's broadest index of Asia Pacific shares outside Japan, which had reached its highest level since August 2011 on Thursday, eased 0.1 percent, while Tokyo's Nikkei share average retreated after touching a 23-month high in early trade to close down 0.8 percent.
CASH BUFFERS
The MSCI benchmark's financial sector sub-index firmed after the Basel Committee of banking supervisors agreed on Sunday to give banks four more years and greater flexibility to build up cash buffers so they can use some of their reserves to help struggling economies.
HSBC Holdings Hong Kong shares rose 1 percent, while Australia and New Zealand Banking Group Ltd gained 0.6 percent.
Shares in Japanese exporters were supported by the trend of a weakening yen, which traded around 87.85 to the dollar, up 0.3 percent on the day, after the U.S. currency rose as far as 88.40 yen, its highest in nearly two-and-a-half years, on Friday.
The dollar posted a gain of around 2.7 percent against the yen last week, its biggest weekly rise in more than a year. Its gains had accelerated after minutes from the Federal Reserve's December meeting showed some policymakers had considered ending the Fed's bond-buying programme as early as this year.
By contrast, many investors are now betting that Japan's new government, led by Prime Minister Shinzo Abe, will push to weaken the yen and drive through aggressive fiscal stimulus, and pressure the Bank of Japan to do the same on the monetary side.
Although the dollar may pull back against the yen given the speed of its rise over the past month, its uptrend seems likely to remain intact, said Hiroshi Maeba, head of FX trading Japan for UBS in Tokyo.
"My sense is that the market could still head much higher," Maeba said. "I think 90 yen might be reached pretty soon."
The dollar firmed against the euro, which traded around $1.3035.
The U.S. stock benchmark S&P 500 index closed at its highest level since December 2007 on Friday after data showed a steady pace of jobs growth and brisk expansion of the services sector in the world's biggest economy.
That offered support to growth-sensitive commodities, with copper little changed just below $8,100 a tonne, while Brent crude oil eased a little to around $111.20.
Spot gold firmed 0.3 percent to around $1,660 an ounce.

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Burundi coffee earnings fall 63 pct in December

 Burundi's earnings from coffee exports fell 63 percent in December from the previous month due to lower volumes sold, the country's industry regulator said on Monday.
"Low quantities of coffee were exported in December as most buyers in western countries were off for the holidays," said regulator ARFIC in its monthly report.
Earnings dropped to $2.1 million from $5.7 million in November, as the amount of coffee sold tumbled to 896,547 kg from 1,671,638 kg in the previous month.
ARFIC expects the central African nation to earn a total of$61.4 million from coffee exports during the 2012/2013 (April-March) crop year, slightly up from $61.2 million earned in the 2011/2012 season.
Projected high output from the world's top producers like Brazil, Vietnam and Colombia could lower coffee prices in global markets, ARFIC said.
Coffee is the country's top hard currency earner and the sector employs some 800,000 smallholder farmers in a population of eight million.

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Maruti shares hit four-year high; earnings seen improving

MUMBAI (Reuters) - Maruti Suzuki shares rose to a four-year high on Monday on hopes earnings would improve due to rising sales for passenger vehicles, while margins were also seen increasing due to the depreciation in the Japanese yen.
CLSA's upgrade of Maruti Suzuki Ltd to 'buy' from 'sell' also helped boost the stock, traders said.
At 2:31 p.m., Maruti shares were up 3 percent to 1,591.5 rupees after earlier touching their highest since December 15, 2009.

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