Italy - Damning tape of cruise ship's captain Francesco Schettino

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ As the captain of the stricken Costa Concordia Francesco Schettino was appearing in court, and the death toll rose to 11, a recording emerged purporting to show heated radio exchanges between him and the harbour master.

The Italian newspaper Corriere della Sera published the tape saying it was made after Francesco Schettini had left the vessel.

In it the harbour master tells the captain to get back on board and coordinate the rescue from there.

Schettino says he is in a lifeboat.

Lianne La Havas "Gone" music video (Live at Slaughtered Lamb, London )

Uploaded by LoveLiveMusicUk on Jun 14, 2011

Band: Hamish Jackson and Matt Ingram
Recorded by Sally J Freeman - June 13th
Twitter: www.twitter.com/LoveLiveMusicUK
www.LianneLaHavas.com

Holland - Global financial court promises firm rulings

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ The world's first international tribunal for complex financial litigation has opened in the Netherlands, headquartered at the Peace Palace in The Hague.

National or local governments and private companies may bring cases before the dispute resolution facility, called PRIME Finance, short for Panel of Recognised International Market Experts in Finance. There are more than 80 of these specialised 'judges'.

euronews science: French sound alpine glacier alarm

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ Around the globe, in all latitudes, at all altitudes, glaciers are receding and disappearing at a rapid pace. At a speed that often exceeds even the most alarmist previsions made a few years ago. This tendency has been recently confirmed by a study of the French Alps carried out by researchers of the University of Savoie, located near Chambery.

When we talk about melting glaciers and global warming we often think of faraway polar regions. But here we are in the heart of Europe, close to Mont Blanc, and the surface area of glaciers is shrinking remarkably.

Europe - Eurozone inflation dips

Published on Jan 17, 2012 by Euronews

http://www.euronews.net/ Inflation in the eurozone fell more than previously expected in December.

Consumer prices in the 17 countries sharing the euro rose 2.7 percent compared with the same month a year earlier.

Not including volatile energy costs, inflation was 1.9 percent, and stripping out food and fuel it was 1.6 percent.

That should give the European Central Bank more room to cut interest rates as the region's economy heads for recession.

Carnival (NYSE:CCL) Sells Off 17% On Costa Concordia Disaster

Uploaded by FinancialNewsOnline on Jan 17, 2012

Shares of Carnival Corp. (NYSE:CCL) are off 17% in premarket trading after the company's deadly accident off of the Italian coast and news that it may have been caused by human error.

The catastrophe transpired during the peak of "wave season," during which time almost 33% of all cruise vacations are booked.

Making matters worse, the company's CEO and Chairman, Micky Arison, has opted to oversee the response to Carnival's worst accident from Miami, more than 5,000 miles away from the site.

Leaving damage control to his regional managers will not create a shining image for the company with the press after an accident that left 6 dead and another 29 missing.

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Carnival Corporation Common Sto (CCL) -NYSE

29.50 4.78(13.96%) 11:31AM EST - Nasdaq Real Time Price

Take-Two Interactive (NASDAQ:TTWO) Sells Off On "Max Payne 3" Delay, Sees FY 2 (potential upside 23.4%)012 Loss

Uploaded by FinancialNewsOnline on Jan 17, 2012

Shares of Take-Two Interactive (NASDAQ:TTWO) are trading slightly lower premarket, down 3.4%, after the company said it plans to introduce Max Payne 3 in May, vs. its prior release date in March.

Take Two said it expects to turn in a net loss for FY 2012, with its net revenue coming in $210 million - $230 million lower this year.

The company sees FY 2013 adjusted EPS over $2, vs. consensus estimates of $2.59.

The firm's Q3 results are due out February 2nd.

Take-Two Interactive Software (NASDAQ:TTWO) has potential upside of 23.4% based on a current price of $14.50 and an average consensus analyst price target of $17.90.

Citigroup (NYSE:C) Misses Earnings Estimates For Q4 (potential upside 41.7%)

Uploaded by FinancialNewsOnline on Jan 17, 2012

Citigroup (NYSE:C) reported fourth quarter earnings before the bell Tuesday, posting an EPS of $0.38, missing consensus estimates of $0.49 per share. Revenues for the quarter came in at $17.2 billion missing analysts expectations of $18.54 billion.

Vikram Pandit, Citi's Chief Executive Officer, said, "Overall, we made solid progress in 2011. We increased our net income to $11.3 billion, up 6% from the previous year, and reached key benchmarks in our consumer businesses, showing our strategy is achieving results. Clearly, the macro environment has impacted the capital markets and we will continue to right-size our businesses to match the environment. With Citi Holdings assets at 12% after the transfer of retail partner cards to Citicorp, we are increasingly focused on driving earnings through our core franchise and beginning to return capital to our shareholders this year."

Citigroup (NYSE:C) has potential upside of 41.7% based on a current price of $30.74 and an average consensus analyst price target of $43.57.