Sasol Betting Big on Gas-to-Liquid Plant in U.S.


Oryx


The Oryx natural gas processing plant in Qatar, where Sasol is converting natural gas to diesel fuel.







RAS LAFFAN INDUSTRIAL CITY, Qatar — The compact assembly of towers, tubes and tanks that make up the Oryx natural gas processing plant is almost lost in a vast petrochemical complex that rises here like a hazy mirage from a vast ocean of sand.










A blog about energy and the environment.









ORYX GTL

The Sasol plant in Qatar makes 32,000 barrels of liquid fuels daily. Experts say the economics of the process are challenged.






But what is occurring at Oryx is a particular kind of alchemy that has tantalized scientists for nearly a century with prospects of transforming the energy landscape. Sasol, a chemical and synthetic fuels company based in South Africa, is converting natural gas to diesel fuel using a variation of a technology developed by German scientists in the 1920s.


Performing such chemical wizardry is exceedingly costly. But executives at Sasol and a partner, Qatar’s state-owned oil company, are betting that natural gas, which is abundant here, will become the dominant global fuel source over the next 50 years, oil will become scarcer and more expensive and global demand for transport fuels will grow.


Sasol executives say the company believes so strongly in the promise of this technology that this month, it announced plans to spend up to $14 billion to build the first gas-to-liquids plant in the United States, in Louisiana, supported by more than $2 billion in state incentives. A shale drilling boom in that region in the last five years has produced a glut of cheap gas, and the executives say Sasol can tap that supply to make diesel and other refined products at competitive prices.


Marjo Louw, president of Sasol Qatar, says that his company can produce diesel fuel that burns cleaner, costs less and creates less greenhouse gas pollution than fuel derived from crude oil.


“We believe the planets are aligned for G.T.L.,” Mr. Louw said during a recent tour of the Oryx plant. “Other players — much bigger players — will follow.”


Perhaps. So far, however, the record for converting gas to liquids is spotty.


The newest and largest plant in operation, Royal Dutch Shell’s giant Pearl plant, also in Qatar, cost the leviathan sum of $19 billion, more than three times its original projected cost, and has been plagued with unexpected maintenance problems. BP and ConocoPhillips built and briefly operated demonstration plants in Alaska and Oklahoma, but stopped short of full development of the technology. Exxon Mobil and ConocoPhillips announced plans to build giant plants in Qatar, but backed out, putting their capital instead into terminals to export liquefied natural gas.


Today only a handful of gas-to-liquids plants operate commercially, in Malaysia, South Africa and Qatar. Together they produce only a bit more than 200,000 barrels of fuels and lubricants a day — equivalent to less than 1 percent of global diesel demand.


“The reason you see so few G.T.L. plants is the economics are challenged at best,” said William M. Colton, Exxon Mobil’s vice president of corporate strategic planning. “We do not see it being a relevant source of fuels over the next 20 years.”


Many analysts and industry insiders say the technology makes sense only when oil and gas supplies and prices are far out of balance, as they are today in Qatar and the United States. When oil and gas come into alignment, gas-to-liquids ventures will become white elephants, these skeptics say. Environmentalists also say that the huge energy inputs required to transform natural gas into diesel or other fuels negate any greenhouse gas benefits.


Until recently, the method used to convert natural gas or coal to liquid fuel — known as the Fischer-Tropsch process after the Germans who invented it — had been used only by pariah nations desperate for transportation fuels when they had little or no oil available. For decades, South Africa defended its system of apartheid from international oil embargoes by producing synthetic oil from its rich coal resources. Nazi Germany did the same to fuel its military machine in World War II.


But with North Africa and the Middle East chronically unstable and natural gas cheap and plentiful in the United States, some say the technology is now an enticing option to produce various fuels without importing a drop of oil.


Shell may soon announce a tentative site for a gas-to-liquids plant on the Gulf Coast of the United States. Given what the company learned from its Qatar plant, executives say it would reduce costs in any new one by using different types of valves and alloys.


But Ken Lawrence, Shell’s vice president for investor relations in North America, said the company was still two years away from a final decision on an American plant.


That leaves Sasol in the forefront of the gas-to-liquids effort.


John M. Broder reported from Ras Laffan Industrial City, Qatar, and Clifford Krauss from Houston.



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EU’s Almunia sets deadline for Google antitrust plan






BRUSSELS (Reuters) – The European Union set Google an ultimatum on Tuesday, giving it a month to come up with detailed proposals to resolve a two-year investigation into complaints that it used its power to block rivals, including Microsoft.


The EU’s antitrust chief, Joaquin Almunia, delivered the deadline in a meeting with Google Executive Chairman Eric Schmidt in Brussels.






If it fails to address the complaints, the world’s most popular search engine could face a lengthy battle with what is arguably the world’s most powerful antitrust authority. If found guilty, it could mean a fine of up to 10 percent of its revenue, or $ 4 billion.


“Since our preliminary talks with Google started in July, we have substantially reduced our differences regarding possible ways to address each of the four competition concerns expressed by the Commission,” Almunia said in a statement.


“On the basis of the progress made, I now expect Google to come forward with a detailed commitment text in January 2013.”


Almunia said he would seek feedback from rivals and users once he has received Google’s proposal.


Google said it continues to work co-operatively with the Commission.


The European Commission has been examining informal settlement proposals from Google since July but has not sought feedback from the complainants, suggesting it is not convinced by what Google has put on the table so far.


The EU watchdog’s two-year investigation has centered on complaints that Google unfairly favored its services over its rivals in search results, and that it may have copied material from travel and restaurant websites without permission.


The Commission is also looking into whether Google restricted advertisers from transferring their data to rivals.


The Commission’s decision to press Google to offer more far-reaching concessions comes in sharp contrast to the case U.S. regulators have against the company.


Sources told Reuters the U.S. Federal Trade Commission could drop their investigation into Google without requiring any major change in how the company does business.


(Reporting by Foo Yun Chee; Editing by Robin Emmott, Louise Heavens and Nick Zieminski)


Tech News Headlines – Yahoo! News





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'Comfort Dogs' Relieve Emotional Stress in Grieving Newtown









12/18/2012 at 04:00 PM EST







A comfort dog meets with children in Newtown, Conn.


Courtesy K-9 Parish Comfort Dogs


The call came late on Friday night that Newtown, Conn., needed them.

Five specially trained golden retrievers and eight handlers arrived on Saturday to comfort those touched by tragedy, Vida Johnston, director of operations for Lutheran Church Charities's K-9 Comfort Dogs of Addison, Ill., tells PEOPLE.

Since then, they've been on the ground wherever the community needs them – comforting children and adults with cuddles and nuzzles.

"A parent will say, 'Thank you so much, I saw my child smile – and they haven't smiled for days,' " Johnston says. "The kids are telling the dogs about their own pets, they're [helping] them laugh, they're helping some of that burden drop off a bit. And the dogs just lay there, saying the more the merrier."

With Christmas just days away, the comfort dogs – pups trained not to bark and to be canine good citizens – are helping to relieve the pain in a way that only dogs can.

"At a high school school today the reaction was overwhelming," says Johnston, who hears the tales from her bevy of handlers. "Dogs have the amazing ability to zero in on the person in front of them that has the greatest need. They can have six or seven people sitting there and they go to the one who has the loss. The dogs know; it's amazing to watch."

The furry troupe has grown to eight dogs (a ninth will join them Tuesday) and they plan to stay in Newtown through Saturday, providing comfort and stress relief at schools and at vigils, or wherever else they're called.

And while the children have benefitted a lot from canine comfort, adults are also quietly yielding to their charms as well.

"We're finding the adults are holding it in," says Johnston, "and then they see the dogs and you see them visibly start to release that tension."

To learn more about the Lutheran Church Charities's K-9 Comfort Dogs program, click here.

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Experts: No link between Asperger's, violence


NEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.


Asperger's is a mild form of autism often characterized by social awkwardness.


"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.


Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.


A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.


High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.


Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.


"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.


"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.


Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.


Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.


"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.


She said those with Asperger's tend to focus on rules and be very law-abiding.


"There's something more to this," she said. "We just don't know what that is yet."


After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.


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AP Writer Matt Apuzzo contributed to this report.


___


Online:


Asperger's information: http://1.usa.gov/3tGSp5


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Wall Street up on economy bets as it looks past "cliff"

NEW YORK (Reuters) - U.S. stocks rose on Tuesday as investors positioned for a better economic environment as confidence grew a deal would be struck in Washington regarding the ongoing budget negotiations.


The gains added to Monday's rally, giving the S&P 500 its best two-day run in a month.


Sectors poised to grow during economic expansion led gains as investors remain confident that Washington will come to an agreement to avoid the "fiscal cliff" --a series of spending cuts and tax hikes before the end of the year that could hurt economic growth.


The PHLX oil services sector index <.osx> jumped 2.6 percent with six of its 15 components up 3 percent or more.


"The view is that the economy is getting better and that is always good for energy demand," said Shawn Hackett, president at Hackett Financial Advisors in Boynton Beach, Florida.


"Risk takers get into the sector, betting on a bump in rig counts."


Hackett said the United States would avoid "whatever the cliff means" for the economy, allowing investors to focus on economic growth.


Financial stocks also rose sharply, as traders bet on a greater demand for loans and a steepening of the yield curve. U.S. government debt sold off Tuesday, with the benchmark yield briefly hitting its highest since late October.


The S&P financial sector <.gspf> added 1 percent.


The Dow Jones industrial average <.dji> rose 108.19 points, or 0.82 percent, to 13,343.58. The S&P 500 <.spx> gained 14.40 points, or 1.01 percent, to 1,444.76. The Nasdaq Composite <.ixic> added 41.24 points, or 1.37 percent, to 3,051.85.


President Barack Obama's most recent offer to Republicans in the ongoing budget talks makes concessions on taxes and social programs spending. House Speaker John Boehner said the offer is "not there yet," though he remains hopeful about an agreement. Senate Democrats, however, have expressed concern about cuts to Social Security.


Shares of firearm makers sank in the aftermath of a school shooting in Newtown, Connecticut, on Friday that killed 20 children and six adults.


Smith and Wesson fell 10.8 percent to $7.72 on its largest ever daily volume, though it was still up 77 percent so far this year. Sturm Ruger and Co slid 8.2 percent Tuesday to $40.39.


Technology shares rose led by Apple , up 2.3 percent above $530 after losing nearly 13 percent in the last two weeks. The S&P Information Technology Index <.gspt> rose 1.5 percent.


Arbitron Inc surged 23.6 percent to $47 after Nielsen Holdings NV agreed to buy the media and marketing research firm in a deal worth $1.26 billion. Nielsen rose 3.1 percent to $30.55.


(Reporting by Rodrigo Campos; Editing by Nick Zieminski)



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Syria Warns Palestinians Not to Aid Rebels as Camp Residents Flee





BEIRUT, Lebanon — Syria warned its Palestinian refugee population on Monday not to aid the insurgency that is fighting President Bashar al-Assad, as hundreds of Palestinians fled the Yarmouk neighborhood of Damascus, with many heading for relative safety in Lebanon, a day after Syrian forces attacked that neighborhood for the first time in the civil war.







The New York Times

For many Yarmouk residents — refugees from conflict with Israel and their descendants — the attacks shattered what was left of the Syrian government’s claim to be a champion and protector of Palestinians.






The Syrian warning appeared to reflect the sensitivity Mr. Assad attaches to the loyalty of the country’s Palestinians, an important element of what remains of his political legitimacy. It came as new clashes were reported in and around the Yarmouk neighborhood between government forces and rebel fighters.


Hundreds of thousands of Palestinians live in Syria, displaced by the Arab-Israeli struggle. Historically, they have considered Mr. Assad a benefactor and ally. Yarmouk was originally a refugee camp, and has developed into a mixed Damascus neighborhood where many Palestinians live — but increasing numbers of them have been siding with the insurgents.


The warning aimed at these Palestinians was conveyed in a news dispatch by the official Syrian Arab News Agency, SANA, about a telephone conversation between the country’s foreign minister, Walid al-Moallem, and United Nations Secretary General Ban Ki-moon concerning the general situation in Syria and specifically the Yarmouk neighborhood.


Mr. Moallem was quoted as telling Mr. Ban that mayhem had been convulsing Yarmouk for days, caused by infiltrations from terrorist groups, the government’s blanket description for insurgents.


“The minister also stressed that Palestinians should not shelter or help terrorist groups who are outsiders to the camp, and should work on kicking them out,” Mr. Moallem was quoted as saying.


The SANA account said Syrian ground forces had refrained from entering Yarmouk, but said nothing about the Syrian air and artillery strikes that first hit Yarmouk on Sunday, which were reported by witnesses, rebels and Palestinian defectors to the rebel side. By some accounts, as many as 20 people were killed and dozens hurt, and families could be seen hastily fleeing the area with packed bags.


Martin Nesirky, a spokesman for Mr. Ban at the United Nations, confirmed that the secretary general had spoken with the Syrian foreign minister to express concern “about the escalation of violence in recent days, and very specifically the incident yesterday in which a Palestinian refugee camp, Yarmouk, right near Damascus, came under attack.”


The United States also expressed concern. Victoria Nuland, a State Department spokeswoman, said the aerial bombardment of Yarmouk constituted “a significant and alarming escalation of the conflict in Syria.”


In the aftermath of the bombardment, Syrian government tanks and dozens of troops could be seen taking positions at the northern entrance to Yarmouk on Monday as hundreds of people fled on foot, searching for taxis or buses to take them to safety in Lebanon and elsewhere. Some residents headed to schools where classes were abruptly stopped so that they could accommodate fleeing families. Luckier refugees went to relatives living outside the neighborhood.


During a predawn announcement, Yarmouk mosques told residents to take advantage of a brief window of time, from 6 to 8 a.m., to flee the area, according to Yussef, a 40-year old Palestinian refugee who hurried out of the camp with his family, carrying a large black bag in one hand and his six-month-old-baby in the other. “I couldn’t sleep the whole night,” he said. “I heard a lot of shooting, but I don’t know from where.”


He said he was shocked on Sunday at the speed of the government assault, in which fighter planes and artillery were used to attack the area just hours after rebel fighters entered Yarmouk. One fighter said that the rebel’s goal was not to control the neighborhood but to use it as a valuable staging ground for an eventual attack on central Damascus.


On Monday, groups of rebel fighters patrolled Yarmouk’s main street as the government forces shelled parts of the neighborhood. Yussef said he was moving his family to his brother’s house outside the camp.


“I want to save my family’s life,” he said. “I will never, ever return.”


Hania Mourtada reported from Beirut, Lebanon, and Rick Gladstone from New York. Reporting was contributed by an employee of The New York Times from Damascus, Hwaida Saad from Beirut and Ellen Barry from Moscow.



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Massachusetts fines Morgan Stanley over Facebook research






BOSTON (Reuters) – Morgan Stanley, the lead underwriter for Facebook Inc’s initial public offering, will pay a $ 5 million fine to Massachusetts to settle charges that its bankers improperly influenced its research analysts when the Internet company went public.


Massachusetts’ top securities regulator, William Galvin, charged that Morgan Stanley improperly helped Facebook disclose sensitive financial information selectively, perpetuating what he calls “an unlevel playing field” between Wall Street and Main Street.






Morgan Stanley has been under criticism since the social media company went public in May for having revealed revised earnings and revenue forecasts to select clients on conference calls before the media company’s $ 16 billion initial public offering. A Morgan Stanley spokeswoman did not immediately return a call seeking comment.


Galvin, who has been aggressive in policing how research is distributed on Wall Street ever since investment banks reached a global settlement in 2003, said the bank violated that settlement. He fined Citigroup $ 2 million over similar charges in late October.


Massachusetts says that a senior Morgan Stanley banker helped a Facebook executive release new information and then guided the executive on how to speak with Wall Street analysts about it. The banker, Galvin’s office said, rehearsed with Facebook’s Treasurer and wrote the bulk of the script Facebook’s Treasurer used when calling the research analysts.


The banker “was not allowed to call research analysts himself, so he did everything he could to ensure research analysts received new revenue numbers which they then provided to institutional investors,” Galvin said in a statement.


Retail investors were not given any similar information, Galvin said, saying this case illustrates how institutional investors often have an edge over retail investors.


(Reporting By Svea Herbst-Bayliss with additional reporting by Suzanne Barlyn in New York; Editing by Theodore d’Afflisio)


Internet News Headlines – Yahoo! News





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Connecticut Shooting: First Funerals Are Held for Noah Pozner and Jack Pinto









12/17/2012 at 03:20 PM EST







Noah Pozner (left) and Jack Pinto


AP; Landov


Friends and family said goodbye on Monday to two of the 27 victims of the massacre at Sandy Hook Elementary school in Newtown, Conn.

Noah Pozner and Jack Pinto, both 6, were the first laid to rest.

"Today is extremely emotional," Noah's aunt, Victoria Haller, tells PEOPLE. "My sister-in-law has been pretty much a wreck, which you can imagine. It's the worst thing in the world to lose a child."

Pozner, a loving boy who was inseparable from his siblings, had his services at Abraham L. Green and Son Funeral Home in Farfield, Conn., with his burial at B'nai Israel Cemetery in Monroe, Conn.

The entrance to the funeral home was adorned with white balloons. A large oak tree across from the home was covered with a sign that says, "Our hearts are with you Noah."

Pozner's twin sister, Arielle, along with older sister Sophia, 8, both survived the shooting.

Pinto, known for his love of the New York Giants, had his services at Honan Funeral Home in Newtown, and his burial at Newtown Village Cemetery.

On Saturday, his favorite player – wide receiver Victor Cruz – dedicated his game to Pinto, writing, "Jack Pinto, My Hero" on one of his cleats, and "Jack Pinto This one is 4 U!" on his gloves.

Friday morning's massacre took the lives of 20 children – 12 girls and eight boys. The gunman, identified as 20-year-old Adam Lanza, took his own life. His mother was also found killed in a different location.

Sandy Hook was closed on Monday. Other schools in the area will open on Tuesday, and the district has reportedly made plans to send surviving Sandy Hook students to a school in a neighboring town, but there is no date set.

Other victims of the tragedy have funeral dates set for later this week.

Reporting by MARY GREEN

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Experts: No link between Asperger's, violence


NEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.


Asperger's is a mild form of autism often characterized by social awkwardness.


"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.


Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.


A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.


High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.


Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.


"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.


"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.


Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.


Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.


"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.


She said those with Asperger's tend to focus on rules and be very law-abiding.


"There's something more to this," she said. "We just don't know what that is yet."


After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.


__


AP Writer Matt Apuzzo contributed to this report.


___


Online:


Asperger's information: http://1.usa.gov/3tGSp5


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Optimism about "cliff," financial shares lift market

NEW YORK (Reuters) - U.S. stocks climbed on Monday on rising hopes that negotiations over the "fiscal cliff" were making progress and that a deal could be reached in days.


After weeks of stalemate, President Barack Obama and Republican House Speaker John Boehner met at the White House on Monday, raising hopes that Washington will be able to head off steep tax hikes and spending cuts that threaten the economy.


All of the S&P 500's 10 sectors were higher, led by financials. The S&P Financial Index <.gspf> gained 1.5 percent, and shares of Bank of America rose 2.6 percent to $10.86 while Citigroup gained 3.1 percent to $38.79.


Boehner has edged closer to Obama's position by proposing to extend lower tax rates for everyone who earns less than $1 million. Still, his position remains far from that of President Obama.


"Trumping everything right now are the fiscal cliff talks. It seems like progress is being made. I think it's getting to the nitty gritty, and I think that's what the market is reacting to," said Alan Lancz, president of Alan B. Lancz & Associates Inc. in Toledo, Ohio.


"The bet right now is that something will come by the end of this week."


Investors worry the U.S. economy could slide into recession if the tax and spending changes are implemented.


The Dow Jones industrial average <.dji> was up 54.81 points, or 0.42 percent, at 13,189.82. The Standard & Poor's 500 Index <.spx> was up 10.19 points, or 0.72 percent, at 1,423.77. The Nasdaq Composite Index <.ixic> was up 22.44 points, or 0.76 percent, at 2,993.78.


Both the S&P 500 and Nasdaq briefly rose more than 1 percent earlier in the session.


If the S&P 500 ends higher, it would end a two-day losing streak that came after a six-day run of gains. Despite the uncertainty, the S&P has performed well in the last month, grinding higher in mostly light volume.


Advancing stocks included the homebuilding sector <.djushb>, which rose 3.7 percent.


Clearwire Corp agreed to sell the rest of the company to Sprint Nextel Corp for a slightly sweetened $2.2 billion offer just days after minority shareholders criticized the previous bid as too low. Clearwire tumbled 12.8 percent to $2.94, while Sprint was down 0.7 percent to $5.51.


Apple Inc shares edged up after recent losses, rising 0.6 percent to $512.88. Two firms cut their price targets on the stock Monday.


The tech giant said it sold more than 2 million of its new iPhone 5 smartphones in China during the three days after its launch there on Friday, but the figures did not ease worries about stiffer competition. Apple shares have tumbled more than 25 percent in about three months.


Compuware Corp rose 13 percent to $10.78 after hedge fund Elliott Management offered to buy the business software maker for $2.3 billion and S&P Capital IQ raised the target price and moved it to "hold" from "strong sell.


(Reporting by Gabriel Debenedetti and Caroline Valetkevitch; Editing by Kenneth Barry and Nick Zieminski)



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