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Financial Times releases Windows 8 preview - Journalism.co.uk

The new Financial Times Windows 8 app
The app is available on any mobile or desktop device running the new Microsoft Windows 8 release preview, which went live last night.
Tablets running the Windows 8 operating system are expected to go on sale in the autumn.
Speaking to Journalism.co.uk earlier this week, Rob Grimshaw, managing director of FT.com said the launch of Windows 8 tablets could be a game changer in the tablet market.
"We think it will end up being a much more diverse market place and there is room for at least a couple more big players, and given the effort that Microsoft is putting into Windows 8 it's entirely possible that Microsoft will be one of those players."
The FT Windows 8 app, which can be downloaded from the Windows Store, is the "next phase in the FT’s mobile development", the title said today in a release.
The FT currently has tablet apps for Windows, Apple and Android, built using a hybrid of HTML5 and native technology.
"The same core code base is used to power FT apps for mobile phones, tablets, and desktop and in this case has been combined with the best elements from Windows, optimising the app for devices running Windows 8," the release states.
Key features of the new Windows 8 app include: comprehensive access to FT content, automatic updates and offline access. It also allows users to find FT articles using the main Windows 8 search and has "live tile", with the latest FT headlines on the desktop.
The app also has navigation allowing FT app the run in part of the screen alongside other programmes, such as email. This means "you can keep track of the news as you work", the FT states.
Speaking to Journalism.co.uk for a podcast on why publishers are excited about Windows 8, Daniel Sharp, co-founder of Stonewash, mobile developers that have been working with Microsoft and have launched four apps for publishers as part of last night's release, said Windows 8 offers a number of features he believes will be popular, such as the concept of "full screen snap and fill".
"You can run an application full screen and if you then get an email you can push that application to the side and it fills a single column down either the left or the right hand side. That means you can get on with doing something entirely different in the main, leftover screen."
Earlier this week Rob Grimshaw, managing director of the FT.com said mobile is increasingly important for the FT, with half of digital access being from mobile devices within three years.
In the last six months, readers accessing FT content via smartphone has risen 52 per cent, with tablet reading up 49 per cent.
Users will have free access to FT content via the Windows 8 app for a limited period once they have registered, according to the release. Once this ends the app will be integrated into the FT.com access model where after registering, users are able to sample the content before subscribing.
London stocks rise in opening trade - YAHOO!
London's leading stock market rose slightly at the start of trading on Friday as investors awaited the publication of key US jobs data amid ongoing eurozone strains.
The benchmark FTSE 100 index climbed 0.21 percent to 5,331.87 points after minor losses Thursday.
Elsewhere in Europe, the CAC 40 in Paris gained 0.37 percent to 3,028.30 points while Frankfurt's DAX 30 dipped 0.07 percent to 6,259.76 points.
Investor sentiment had been undermined Thursday by poor US economic indicators and concern about the prospects for progress in the eurozone debt crisis.
GDP growth in the January-March period slowed to an annual rate of 1.9 percent from the 2011 fourth quarter's pace of 3.0 percent.
The US government will later report May jobs numbers in what could be a crucial test of the economy's momentum following a sluggish start to the year.
Analysts have forecast that the US economy added a net 150,000 jobs in May, better than April's meager 115,000 jobs but still just barely keeping up with population growth in the labor force.
Asian Stocks, Oil Slump on China Manufacturing; Dollar Advances - Bloomberg
Treasuries rallied, driving 10-year yields below 1.50 percent for the first time, while the Dow Jones Industrial Average erased its 2012 gain after U.S. employers created the fewest jobs in a year and Chinese manufacturing slowed. Commodities slumped.
Yields on 10-year Treasuries dropped nine basis points to 1.47 percent at 1:10 p.m. New York time and reached an unprecedented 1.4387 percent earlier. The Standard & Poor’s 500 Index (SPX) sank 2 percent, its biggest drop of the year, after completing its worst monthly slide since September. The Stoxx Europe 600 Index slumped 1.9 percent. The S&P GSCI gauge of 24 commodities slipped to the lowest level since October as crude oil plunged 3.5 percent to an eight-month low of $83.51 a barrel. Germany’s two-year note yield turned negative during the day for the first time ever. Gold rallied 3.6 percent.
Payrolls climbed by 69,000 last month, less than the most- pessimistic forecast in a Bloomberg News survey, after a revised 77,000 gain in April that was smaller than initially estimated, the Labor Department said. The median estimate called for a 150,000 increase in May. The jobless rate rose to 8.2 percent. A report showed Chinese manufacturing grew less than estimated.
“The bond market has reacted to every rainstorm as if it’s a hurricane,” David Kelly, chief market strategist at JPMorgan Funds, told Bloomberg Television. “What’s happened in markets over the last few years is valuations have gotten more and more extreme. In fact I don’t think that there’s been a more extreme day in the relative valuations of stocks and bonds in the last 50 years.”
Treasury Rally
Treasuries last month had their highest returns since August, returning 1.8 percent, reflecting the declining stability of the 17-member euro currency amid a worsening sovereign debt crisis, according to indexes compiled by Bank of America Merrill Lynch. The MSCI All-Country World Index (MXWD) of shares lost 8.9 percent including dividends, the biggest monthly decline since September. The euro declined 6.6 percent versus the dollar in May, also the most since September.
Thirty-year Treasury bond yields declined nine basis points to 2.55 percent, and fell to 2.5089 percent earlier, the lowest in Federal Reserve records beginning in 1953.
Valuation measures show Treasuries are at the most expensive levels ever. The term premium, a model created by economists at the Fed, touched negative 0.91 percent, the most expensive level ever. A negative reading indicates investors are willing to accept yields below what’s considered fair value.
‘Unemployment Crisis’
The S&P 500 has tumbled more than 9 percent after it peaked in 2012 on April 2, when it reached a four-year high of 1,419.04. It is trading for less than 13 times its companies reported earnings, the lowest since November, and has been stuck below its five-decade average multiple of 16.4 for more than two years. Losses in stocks accelerated this year after the April 6 employment report from the Labor Department showed the slowest job creation in five months. Today’s report showed employers added the fewest workers in a year, bolstering concern that the job-market recovery is stalling.
“The weak jobs report confirms that the U.S. is vulnerable to a European situation that is going from bad to worse,” said Mohamed El-Erian, the chief executive officer of Pacific Investment Management Co., the largest manager of bond funds. “The report’s details speak to an unemployment crisis that is getting more stubbornly embedded in the structure of the economy. Looking forward, the employment situation will be further challenged by an ongoing synchronized global slowing.”
The Dow average slumped as much as 234.96 points, or 1.9 percent, to 12,158.49, below its level of 12,217.56 at the end of 2011.
Dow Leaders
Hewlett-Packard Co., Bank of America Corp. and American Express Co. dropped at least 4 percent to lead losses among all 30 Dow companies. Wynn Resorts Ltd., MGM Resorts International and Las Vegas Sands Corp. slumped at least 5 percent as Macau casino gambling revenue grew at the slowest pace since July 2009. Facebook Inc. slid 5.5 percent after yesterday rallying 5 percent, the best gain since its initial public offering last month.
The U.S. jobs data extended an earlier global slump in stocks triggered after China led a slowdown in manufacturing across Asia. China’s Purchasing Managers’ Index fell to 50.4 in May from 53.3 in April, China’s statistics bureau and logistics federation said today in Beijing. Economists projected 52, according to the median estimate in a Bloomberg News survey. Measures for India, South Korea and Taiwan also declined.
Shaoul’s Take
“As if clear evidence of an emerging market slowdown and Europe’s woes were not enough to contend with, the market will now have to digest one of the nastier non-farm payroll reports we have seen in recent months,” Michael Shaoul, chairman of Marketfield Asset Management in New York, which oversees more than $1.9 billion, wrote in an e-mail to clients.
The Stoxx Europe 600 Index lost 1.9 percent today to close at the lowest level since Dec. 19. Spain’s IBEX 35 Index extended its year-to-date decline to 29 percent and closed at the lowest level in nine years. Italy’s FTSE MIB Index lost 1 percent to a three-year low.
Yen Rallies
The yen rose against 12 of 16 peers as investors sought the perceived safety of the currency. The euro was little changed versus the yen after earlier falling to its lowest level in more than 11 years versus the Japanese currency as euro-bloc unemployment surged to the highest on record. Canada’s dollar and Mexico’s peso sank against the majority of their most-traded counterparts amid concern North American growth is slowing. The yen rose to its strongest in almost four months as the premium investors get for investing in U.S. debt over Japanese securities fell to a record.
Spanish and Italian government bonds advanced, outperforming benchmark German bunds, on speculation the European Central Bank may purchase the securities to stem an increase in borrowing costs. Italian 10-year bond yields dropped 16 basis points, or 0.16 percentage point, to 5.74 percent. The yield on similar-maturity Spanish securities dropped three basis points to 6.53 percent.
“I imagine there is speculation that the ECB may be forced to move given how much yields have rocketed,” said John Davies, a fixed-income strategist at WestLB AG in London. “But if we were really getting strong speculation that the ECB was intending to step in I think we would be down 30 or 40 basis points.”
An ECB spokesman in Frankfurt declined to comment when reached by phone today.
The MSCI Emerging Markets Index slumped 1.1 percent as benchmark gauges in India, Taiwan, Russia, Brazil and Colombia led declines.
To contact the reporters on this story: Nick Baker in New York at nbaker7@bloomberg.net; Rita Nazareth in New York at rnazareth@bloomberg.net
To contact the editor responsible for this story: Chris Nagi at chrisnagi@bloomberg.net
TEXT-Fitch affirms CNO Financial's ratings - Reuters
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Asian stocks lower as traders eye Greece, China - Yahoo Finance
SINGAPORE (AP) -- Asian stock markets were lower Friday as traders eyed political upheaval in Greece and signs of slowing economic growth in China.
Japan's Nikkei 225 index fell 0.6 percent to 8,953.31 and South Korea's Kospi lost 1.4 percent at 1,917.13. Hong Kong's Hang Seng fell 1.3 percent to 19,964.28.
Asian stocks jumped in the first two months of the year but have since traded slightly lower amid investor concern that economies in the U.S. and China may grow less than previously expected.
Greek politicians have so far failed to form a government after Sunday's elections undermined support for the ruling coalition. Greece is buckling under the weight of a deep recession and government austerity measures designed to control surging debt levels.
Meanwhile, China said Friday that its inflation rate fell to 3.4 percent in April from 3.6 percent the previous month, giving the government more room for possible stimulus measures. On Thursday, China said its trade surplus widened in April as imports barely budged, raising concern that the world's second-biggest economy continues to slow.
China grew by 8.1 percent in the first quarter, down from the previous quarter's 8.9 percent.
"Now that you have the European uncertainty coming back in a bigger way, I think people are going to hold back a bit longer," said Lorraine Tan, director of equities research at credit ratings agency Standard & Poor's. "The key will be for China to grow at least 8 percent this year to help fuel global growth and demand."
Australia's S&P/ASX 200 fell along with benchmarks in Singapore, Taiwan and New Zealand.
On Thursday, the Dow Jones industrial average rose 0.2 percent to close at 12,855.04. The Standard & Poor's 500 index rose 0.3 percent to 1,357.99. The Nasdaq composite fell marginally to 2,933.64.
Benchmark oil for June delivery was down $1.16 at $95.92 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 27 cents to settle at $97.08 per barrel in New York on Thursday.
In currencies, the euro fell to $1.2918 from $1.2951 late Thursday in New York while the dollar fell to 79.79 yen from 79.91 yen.
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