Stocks mostly lower on Wall Street; Yum plunges

BY: AP Staff Writer JANUARY 8, 2013 | MODIFIED: JANUARY 8, 2013 AT 10:45 AM

In this Friday, Dec. 28, 2012, photo, traders work on the floor at the New York Stock Exchange in New York. World stock markets headed lower Tuesday Jan. 8, 2013 as investors turned cautious before U.S. earnings season kicks off this week. (AP Photo/Seth Wenig)

Topics: Business

Stocks are opening mostly lower on Wall Street as investors get ready for the beginning of corporate earnings season.

Aluminum maker Alcoa reports earnings after the closing bell. The stock was flat in early trading.

The Dow Jones industrial average slipped 20 points to 13,362 early Tuesday. The Standard & Poor's 500 index fell a point to 1,460. The Nasdaq rose three to 3,101.

Yum Brands, the parent company of KFC, Pizza Hut and Taco Bell, dropped 4 percent to $65.13 after saying that problems with two of its small chicken suppliers hurt sales more than expected in China.

Agricultural products company Monsanto rose 4 percent to $99.48 after reporting that its profit nearly tripled as sales of its corn seeds expanded in Latin America.

View article comments Leave a comment

More from washingtonexaminer.com

House panel starts rewrite of No Child Left Behind

By ASSOCIATED PRESS | 06/19/13 09:26 AM

WASHINGTON (AP) — House lawmakers are beginning work on a rewrite of the No Child Left Behind education law that would give states more authority and Washington less. Members of the House Education and the...
Read More...
Poll: Obama’s approval rating takes a dive amid controversies

By BRIAN HUGHES | 06/17/13 10:00 AM

President Obama’s approval rating has plummeted to 45 percent amid a series of controversies in recent weeks, according to a poll released Monday. A new CNN/ORC International survey found that Obama’s approval...
Read More...
VIDEO: Workers' comp system vulnerable to fraud

By STEVE DOTY | 06/17/13 09:04 AM

The Washington Examiner's Watchdog team takes a look at the federal workers' compensation system and its vulnerabilities to fraud.
Read More...
Performance ratings more VIP to IRS workers than nailing fraud, IG report finds

By MICHAL CONGER | 06/16/13 10:20 AM

IRS employees are choosing good performance ratings over identifying potentially fraudulent tax identification number applications, according to an audit by the Treasury Inspector General for Tax Administration. The...
Read More...
GAO says Pentagon doesn't know how much it loses to improper payments

By KELLY COHEN | 06/14/13 03:35 PM

Payments that shouldn't have been made cost the Department of Defense at least $1.1 billion in 2011 and possibly much more, according to a congressional watchdog agency. The Government Accountability Office found that...
Read More...
Zimmerman jurors to be sequestered up to a month

By KYLE HIGHTOWER MIKE SCHNEIDER | 06/13/13 07:25 PM

SANFORD, Fla. (AP) -- The six jurors and four alternates eventually picked to hear the second-degree murder case of neighborhood watch volunteer George Zimmerman will be sequestered for the two to four weeks the trial...
Read More...
Police: Gunman shot 3, self at St. Louis business

By JIM SALTER | 06/13/13 07:25 PM

ST. LOUIS (AP) -- An argument inside a St. Louis home health care business escalated into gun violence Thursday when a man shot three other people before turning the gun on himself, police said. The shooting occurred at...
Read More...
Philly inspector kills self after deadly collapse

By MARYCLAIRE DALE | 06/13/13 07:25 PM

PHILADELPHIA (AP) -- A veteran Philadelphia building inspector who apparently committed suicide had inspected the site of a deadly building collapse twice in February, and an adjacent, related project in mid-May. The...
Read More...
Caterpillar drops Boy Scouts support over gay ban

By DAVID MERCER | 06/13/13 07:25 PM

CHAMPAIGN, Ill. (AP) -- Caterpillar Inc. is no longer giving money to the Boy Scouts because the organization discriminates against homosexuals, a spokeswoman for the Illinois-based heavy equipment manufacturer confirmed...
Read More...
Government ethics office web site hacked

By RICHARD POLLOCK | 06/13/13 06:30 PM

Unidentified hackers have shut down the federal government's main employee ethics website, The Washington Examiner has learned. Web visitors to the U.S. Office of Government Ethics website are greeted with a stern...
Read More...
US officials: Assad used chemical weapons

| 06/13/13 04:27 PM

WASHINGTON (AP) — The Obama administration has concluded that Syrian President Bashar Assad's regime has used chemical weapons against the opposition seeking to overthrow him, U.S. officials said Thursday, crossing what...
Read More...
VIDEO: FBI director says surveillance programs might have prevented 9/11 attacks

By STEVE DOTY | 06/13/13 03:06 PM

Director Mueller says today's surveillance programs might have prevented the terrorist attacks on September 11, 2001.
Read More...
Obamacare co-ops are focus of four federal investigations

By RICHARD POLLOCK | 06/13/13 09:45 AM

Multiple federal investigations are probing the $2 billion Obamacare co-op loan program at the U.S. Department of Health and Human Services, The Washington Examiner has learned. Investigators from two separate offices...
Read More...
Analysts: Midwest drivers to see lower gas prices

By ASSOCIATED PRESS | 06/12/13 06:05 PM

LANSING, Mich. (AP) -- The worst may be over for drivers in the upper Midwest who have been grappling with the highest gasoline prices in the continental U.S. Analysts said one major Illinois refinery is back online and...
Read More...
IG: Undervalued coal leases cost US $62 million

By ASSOCIATED PRESS | 06/12/13 06:05 PM

BILLINGS, Mont. (AP) -- Undervalued coal sales have cost the U.S. an estimated $62 million in potential lost revenues in recent years, according to a Tuesday report from federal investigators who recommended broad changes...
Read More...
Oil price down slightly on lower demand forecast

By ASSOCIATED PRESS | 06/12/13 06:00 PM

The price of oil was down slightly but remained above $95 a barrel Wednesday as experts said global demand for crude would be slightly lower than previously expected. By early afternoon in Europe, benchmark oil for July...
Read More...
VIDEO: Lawmakers stress tax reform at budget seminar

By STEVE DOTY | 06/12/13 03:16 PM

At the 24th annual Tax, Budget and Health Care Policy Seminar on Capitol Hill, lawmakers on both sides of the aisle stressed the importance of balancing the budget and tax reform.
Read More...
Navy keeps buying extra parts despite 14 years of auditors saying 'Stop!'

By MICHAL CONGER | 06/12/13 12:35 PM

Navy contractors waste millions of taxpayer dollars every year on excess equipment for shipbuilding and repairs, despite 14 years of IG audits highlighting the problem, according to an audit by the internal watchdog for...
Read More...
IG auditors report TSA can't document screening program's performance or spending plan

By KELLY COHEN | 06/12/13 07:20 AM

Despite spending almost $900 million dollars on the program, the Transportation Security Administration can't ensure that its screening program for passengers and employees works. According to a report by Inspector...
Read More...
VIDEO: Obama pushes Congress to back immigration reform

By STEVE DOTY | 06/11/13 03:11 PM

Legislation clears early hurdle in Senate and will be debated on the floor.
Read More...
IG faults payments to ex-Rep. Wilson

By ASSOCIATED PRESS | 06/11/13 10:16 AM

WASHINGTON (AP) — The Energy Department's inspector general says former U.S. Rep. Heather Wilson collected $450,000 in questionable payments from the nation's federally funded nuclear labs after she left office. A...
Read More...
Watchdog: Thousands of feds sign off on own travel costs

By MICHAL CONGER | 06/11/13 08:05 AM

Employees at the U.S. Department of the Interior routinely violate federal policy by approving their own travel and charging thousands of dollars in unsupported costs to the government, according to auditors. The...
Read More...
Ariz. police piece together fatal shooting by boy

| 06/10/13 06:15 PM

PRESCOTT VALLEY, Ariz. (AP) -- Police in an Arizona town are piecing together the death of a man who was shot by his 4-year-old son. Authorities say Friday's shooting in Prescott Valley of 35-year-old Justin Stanfield...
Read More...
Santa Monica College reopens after deadly rampage

By AMY TAXIN TAMI ABDOLLAH | 06/10/13 06:15 PM

SANTA MONICA, Calif. (AP) -- Santa Monica College reopened Monday under extra security -- except for the library, where police had shot and killed a heavily armed gunman after a rampage that left five victims dead....
Read More...
Grandmother says she watched officer shoot girl, 7

By COREY WILLIAMS | 06/10/13 06:15 PM

DETROIT (AP) -- Beneath a multi-colored quilt of Disney cartoon characters, 7-year-old Aiyana Stanley-Jones lay peacefully on the living room couch of her grandmother's first-floor flat on Detroit's east side. Mertilla...
Read More...
Philadelphia collapse survivor describes ordeal

By JOANN LOVIGLIO KEITH COLLINS | 06/10/13 06:15 PM

PHILADELPHIA (AP) -- The city's top prosecutor announced a grand jury was being convened to investigate a building collapse that killed six people and injured 13 others, including a woman who on Monday described hearing...
Read More...
Ayotte to back immigration overhaul

By PHILIP ELLIOTT | 06/09/13 07:35 PM

WASHINGTON (AP) -- Republican Sen. Kelly Ayotte on Sunday said she would support the bipartisan immigration overhaul under debate in the Senate and criticized "the broken immigration system we have now" as "unworthy of a...
Read More...
Portlanders push for barrier at 'Suicide Bridge'

By STEVEN DUBOIS | 06/09/13 07:30 PM

PORTLAND, Ore. (AP) -- On a sunny January afternoon, 12 stories above a busy street, a newly engaged 19-year-old woman jumped to her death from a spectacular arch bridge west of downtown Portland. Last month, in the...
Read More...
Houston doctor charged with poisoning her lover

| 06/09/13 07:30 PM

HOUSTON (AP) -- Prosecutors have charged a Houston oncologist with spiking her lover and coworker's coffee with a sweet-tasting chemical used in antifreeze and medical research, causing serious health problems including...
Read More...
Japanese troops head to Calif. beach for training

By JULIE WATSON | 06/09/13 07:30 PM

SAN DIEGO (AP) -- Japanese troops will converge on California's southern coast in the next two weeks as part of a military exercise with U.S. troops aimed at improving that country's amphibious attack abilities. U.S....
Read More...
Fort Hood suspect's paralysis could slow trial

By ANGELA K. BROWN | 06/09/13 07:30 PM

FORT HOOD, Texas (AP) -- When an Army psychiatrist goes on trial for the deadly 2009 Fort Hood shooting rampage, the pace could be slower than usual. That's because Maj. Nidal Hasan's paralysis-related health issues...
Read More...
Lawyers slam demolition work at Pa. collapse site

By RON TODT | 06/09/13 07:30 PM

PHILADELPHIA (AP) -- Attorneys for four people suing over the collapse of a downtown building that killed six people last week lambasted the demolition work after surveying the site Sunday. Lawyers and consultants...
Read More...
TSA agents stop Chewbacca actor over light saber

By THOMAS PEIPERT | 06/09/13 07:30 PM

DENVER (AP) -- Not even Chewbacca and his light saber get a free pass with airport security before being cleared to travel. Transportation Security Administration agents in Denver briefly stopped "Star Wars" franchise...
Read More...
Big problems in $2 billion OPM fund but IG can't touch it

By KELLY COHEN | 06/07/13 12:00 PM

More than $2 billion sits in the U.S. Office of Personnel Management's little-known Revolving Fund, which grew 615 percent in just five years between 2005 and 2010, but the agency's Inspector-General can't audit it. In...
Read More...
IG says flaws in Medicare databases invite fraud and abuse

By CARTEN CORDELL | 06/07/13 07:30 AM

On the eve of an historic expansion in the federal role in the healthcare, a government review finds Medicare overwhelmed by new-medical provider information and unable to police its existing databases against the...
Read More...
Judge: Zimmerman witnesses must testify publicly

By MIKE SCHNEIDER | 06/06/13 07:25 PM

SANFORD, Fla. (AP) -- A Florida judge denied a defense request Thursday to let a handful of witnesses testify confidentially during George Zimmerman's trial for fatally shooting Trayvon Martin. Defense attorney Mark...
Read More...
Tropical Storm Andrea bearing down on Fla. coast

By JENNIFER KAY | 06/06/13 07:25 PM

MIAMI (AP) -- The first named storm of the Atlantic season pelted Florida's Gulf Coast with rain and wind Thursday as it edged toward the coast of Georgia and the Carolinas, promising sloppy commutes and waterlogged...
Read More...
Pennsylvania girl gets on lung donor list; boy also sues

By LAURAN NEERGAARD MARYCLAIRE DALE | 06/06/13 07:25 PM

PHILADELPHIA (AP) -- The national organ transplant network has complied with a judge's unusual order and placed a dying 10-year-old girl on the adult waiting list for a donated lung, and a patient at the same hospital...
Read More...
Stepdaughter: Pa. collapse victim loved wife, work

By KATHY MATHESON KEITH COLLINS MICHAEL RUBINKAM | 06/06/13 07:25 PM

PHILADELPHIA (AP) -- A Liberian immigrant who died working at a Salvation Army store that collapsed in Philadelphia is being remembered as a hardworking man and devoted husband. A stepdaughter confirms that 68-year-old...
Read More...
IRS cites Watergate-era law to justify refusing documents sought by Congress

By RICHARD POLLOCK | 06/06/13 11:50 AM

Internal Revenue Service officials have invoked a Watergate-era law designed to protect private citizens' tax returns to justify their refusal to turn over documents requested by the House Ways and Means Committee. In...
Read More...
Farm subsidies going to Iowa GOPers in Congress

By SHEENA DOOLEY | 06/06/13 05:50 AM

DES MOINES - Members of Congress from Iowa and their families continue to collect thousands in farm subsidies, raking in more than $73,000 in 2012, according to a newly released report. U.S. Sen. Chuck Grassley and U.S....
Read More...

From the Weekly Standard

The Weekly Standard

June 17, 1953

By: William Kristol

Today, speaking at the Brandenburg Gate, President Obama paid appropriate tribute to the brave East Germans who rebelled 60 years ago against Communist dictatorship:
Read More...
Problems of the Second Generation

By: Peter Skerry

The Boston Marathon bombings highlighted, once again, the challenges of assimilating Muslim youth. And while the onus of accountability ought not rest exclusively on Muslim Americans, it...
Read More...
Release Osama Bin Laden’s Files on Taliban

By: Thomas Joscelyn

The Obama administration announced on Tuesday that it was moving forward with its attempt to negotiate with the Taliban, which has opened a long-awaited political office in Doha, Qatar. The...
Read More...

Examiner Tweets

Next Story

White House

Featured

Recent

Fiscal Policy

Featured

Recent

Editorials

Featured

Recent

Veterans Affairs

Featured

Recent

June 20, 2013

More from washingtonexaminer.com

Examiner Tweets

Welcome to the new WashingtonExaminer.com

- Stephen G. Smith, Editor