Stocks up 0.67pc at noon

The market continued to rise at noon with gains in the sector after strong leadership in European markets.

Today 24:01 AEDT, the benchmark S & P/ASX200 index rose 29.9 points, or 0.67 per cent, to 4516.6 points, while the broader All Ordinaries index rose 28 , 6 points, or 0.63 per cent, to 4534.3 points.

On the ASX 24, the December share price index futures contract was 25 points higher at 4509 points, with 10,330 contracts traded.

IG Markets analyst Cameron Peacock said the Australian shares were sharply higher after strong leads in Europe.

"Obviously we're a little stronger today in large part because of what happened in Europe last night," he said. "Europe has been good business, UBS has announced it will cut 10,000 employees and a successful Italian bond option that was very well received.

London's FTSE 100 index of leading companies closed up 0.95 percent to 5,849.9 points, while in Frankfurt the DAX 30 won 1.13 percent to 7,284.4 points and the Paris CAC 40 jumped 1 , 48 percent to 3459.44 points. The NYSE was closed as the U.S. Sandy superstorm try.

Locally, the Australian Bureau of Statistics (ABS) announced that residential building approvals rose 7.8 per cent to 13,388 units in September. The Reserve Bank of Australia (RBA) is also due to the release of financial aggregates for September.

In other equity news, National Australia Bank (NAB) shares have fallen five cents to $ 25.83 after reporting a 22 percent drop in full-year profits, its first decline since the global financial crisis (GFC ). The other three big banks posted gains. ANZ added two cents to $ 25.40, Westpac gained 13 cents to $ 25.47 and Commonwealth Bank added 20 cents to $ 57.51.

Origin Energy shares fell a penny to $ 11.34 after it announced that production of the first quarter and revenues have fallen due to the impact of the stops for the maintenance of the project.

The mining giants were higher. BHP Billiton gained 32 cents to $ 34.29, Fortescue added seven cents to $ 4.17 and Rio Tinto was up 25 cents at $ 57.11.

National turnover was 765 million securities worth $ 1.465 billion, with 466 stocks up, 294 down and 288 unchanged.



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Latest Pennsylvania news, sports, business and entertainment

Pennsylvania-NCAA abuse

2 former NCAA take issue with leaders penalties PSU

STATE COLLEGE, Pa. (AP) taken two former presidents NCAA issue with the treatment of the Organization of the sanctions imposed on an unprecedented Pennsylvania for Jerry Sandusky child sexual abuse scandal.

Jane Corrigan and attended Dempsey Cedric panel discussion Wednesday night on the future of the NCAA sponsored by the Center for Journalism in university sports.

Sympathy with Corrigan audience of more than 350 Penn State students, faculty and community members in a theater in the city center. He annoyed Pennsylvania community, and he feels they got "hit in the head awfully hard."

Dempsey said he believes the NCAA acted too quickly, and that he would not accept sanctions if it represents the state of Pennsylvania.

The sanctions include a ban pot for four years and scholarship reductions for football.

Pennsylvania abuse

Drawn Pennsylvania House on the extent to which the decision Sandusky

Harrisburg, Pennsylvania (AP) A Democratic-led effort to discuss whether to have the federal authorities to consider how to deal with Jerry Sandusky investigation linking up to the Pennsylvania House of Representatives.

President Sam Smith suddenly postponed on Wednesday the room after Democrats tried to force the discussion of a resolution asking the U.S. Attorney's office to look into this matter.

It is not clear what will happen to the resolution of the so-called discharge when the House resumes session.

An investigation has been launched by the Deputy Attorney then General Tom Corbett, who is now governor of Pennsylvania Republican. His spokesman Kevin Harley says Democrats are playing politics and efforts to achieve the Federal Government will revictimize victims Sandusky.

It is scheduled to Sandusky to rule next week on 45 charges of child sexual abuse. And asserts his innocence.

ID-Pennsylvania voters

Pennsylvania Case No. voter is far from resolved

Harrisburg, Pennsylvania (AP) simply opponents of Pennsylvania's New voter law obtaining a preliminary injunction in court does not mean that the issue or court case is going away.

He said members of the Coalition voter ID extensive Wednesday it will work to educate people that there will be no need ID in the presidential election Nov. 6.

Democrats say the fight has generated thousands of new volunteers who will also educate voters about what is required.

If showing ID becomes mandatory in the next election, and members of the Coalition ID voters say they will probably work for a few years to make sure people know about it.

And seen widely voter law in favor of Republican candidates in the state that are important electoral votes in the presidential race.

Philly POLICE-VIDEO

Philly officer seen a woman beaten to dispense

PHILADELPHIA (AP) Officials say a police officer commented seen on video punching a woman in a Philadelphia neighborhood street party at the weekend, for a period of 30 days starting on Thursday in order to exclude.

Commissioner Charles Ramsey took action Lt. Jonathan Wednesday against Jussi after the events on Sunday at the Philadelphia Festival north associated with the annual parade in the city of Puerto Rico today.

Prosecutors said earlier was being pulled charged with disorderly conduct against Guzman Aida 39 - year-old from Chester.

A Video 36 - YouTube shows a second hit Guzman in the face and fell to the ground, face her blood, and then being led away in handcuffs. And WPVI-TV said she was happy and thanked her supporters.

Did the Philadelphia Fraternal order of police would not immediately return a call seeking comment.

Execution of Pennsylvania

Pennsylvania Court stopped the implementation of prisoner

The court denied PHILADELPHIA (AP) in the state of Pennsylvania emergency broad top prosecutor in the death penalty, and the prisoner, who was awaiting execution for nearly three decades have not been implemented.

Asked the state Supreme Court for more briefing in the case of Terrance Williams "Terry" of Philadelphia, which could have been executed Wednesday night.

Philadelphia judge sentenced M. Teresa Sarmina the end of last week that prosecutors withheld evidence in the trial, Williams 1986, including evidence that the victim was molesting boys. Tossed it outside the ruling Williams' death but upheld his conviction of murder of the first degree.

Williams now confirms both victims had sexually abusing him.

Williams was 46 - year-old was the first person executed in Pennsylvania in 50 years who did not give up his appeals.

SUV-MOTORCYCLE CRASH

Police: 4 dead, 4 wounded in the crash of I-79 in Pennsylvania SW

WAYNESBURG, Pennsylvania (AP) State police say a collision between a sports car and a motorcycle on a highway in the state of Pennsylvania southwest, killing four people and sent four others to the hospital.

Police in Greene County says SUV was heading north on Interstate 79 at about 4:30 pm Wednesday when he veered to the mediator near Ruff Creek exit and then collided with a motorcycle south and camper.

Police said 47 - year-old motorcycle operator Michael Cohen of Oshawa, Ontario and 18-year-old and 18 Fraser Cullin-year-old Benjamin Hardy of Waynesburg and 18-year-old Kerr Brion Carmichaels in the SUV were all killed.

I took a woman (48 years) of age riding on a motorcycle and three male passengers SUV to Ruby Memorial Hospital Morgantown, W.Va. With injuries that are not believed to be life-threatening.

Allentown explosion

UGI, and Pennsylvania regulators propose an agreement on the fatal blast

(Information in the following story: The Morning Call, http://www.mcall.com)

Allentown, Pennsylvania (AP) approved a Pennsylvania facilities east to pay 386,000 $ and accelerate the replacement of cast iron pipelines as part of a proposed settlement with state regulators on the gas explosion in Allentown killed five people in the past year.

Call am (Allentown) says the settlement proposal filed Wednesday that require utilities to replace lines UGI like the one involved in the explosion February 2011 within 14 years, instead of the 20-year schedule and that the company agreed in May. UGI has agreed also to improve the process used to broadcast with the smell of gas that help customers detect leaks.

The proposal now goes to an administrative law judge who will not accept the comment, and then to the General Committee tool for the state to make a final decision.

Any transfer TAX

The bill to allow some companies to keep payroll taxes Pennsylvania

Harrisburg, Pennsylvania (AP) and that some employers hire new workers in Pennsylvania get to keep 95% of the state income tax withheld from workers' salaries under a bill moving quickly through the State House of Representatives.

The bill was sponsored by Republican Attorney Kerry Benninghoff awaiting final action in the room on Wednesday.

Was designed as an incentive to attract companies from outside the state before you modify it to include countries in companies.

And participating employers give the state only 5 percent of the income tax payments for a period of five to 10 years depending on the number and location of jobs.

Pennsylvania Budget and Policy Center, a liberal think tank, and urges lawmakers to reject the bill because it would be costly and would duplicate the existing tax exemptions to create jobs.

HERSHEY Cocoa

Hershey vows to use only approved cocoa by 2020

PHILADELPHIA Candy Maker (AP) Hershey and vowed to use only cocoa certified for all chocolate products by 2020 and accelerate programs to help eliminate child labor in the cocoa-producing regions of West Africa.



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