Violence in Syria rages ahead of Assad speech

Fighting between Syrian rebels and government forces raged across the country hours before President Bashar Assad is expected to address the nation on Sunday in his first public appearance in two months, activists said.
The Britain-based Syrian Observatory for Human Rights said rebels fighting to topple the Assad regime have clashed with troops in the southern province of Daraa, the birthplace of the uprising in March 2011. Violence also raged in opposition strongholds in the suburbs of Damascus, which rebels are using as bases to assail the government's heavy defenses in the capital. The regime has responded with a withering assault including barrages by artillery and warplanes.
Assad last spoke publicly in November, vowing to Russia Today TV that he won't step down despite continued opposition to his rule and international sanctions aimed at isolating his regime. In the Nov. 8 interview, the embattled president dismissed suggestions that he will leave his country as civil war is approaching his seat of power in Damascus, saying he would "live and die in Syria."
It was not clear what new initiative, if any, Assad could announce during his speech. In each of his previous speeches and interviews, the president has dug in his heels saying his regime is fighting a war against terrorists.
Diplomatic efforts to end the Syrian crisis have failed so far to bring an end to the bloodshed, although the international community continues to push for a peaceful settlement.
The president of the U.N. Security Council said Thursday there are important developments in efforts to find a diplomatic solution to the 21-month conflict in Syria and there could be another U.S.-Russia meeting with international envoy Lakhdar Brahimi next week.
Brahimi and Russian Foreign Minister Sergey Lavrov both said after their meeting last week that the Syrian crisis can only be settled through talks, while admitting that neither the government nor the opposition has shown a desire to compromise. Neither official hinted at a possible solution that would persuade the two sides to agree to a ceasefire and sit down for talks about a political transition.
But Lavrov said Syrian President Bashar Assad has no intention of stepping down — a key opposition demand — and it would be impossible to try to persuade him otherwise. Russia is a close ally of the Syrian government, and has shielded it from punitive measures at the U.N.
The revolt started with peaceful protests but morphed into a civil war that has killed more than 60,000 people, according to a recent United Nations recent estimate.

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Syrian president says he is fighting jihadists

 Syrian President Bashar Assad says his country is being subjected to an unprecedented attack and says the conflict can only be solved through a popular movement.
Assad spoke Sunday in a rare speech addressing the nation, his first since June.
As in previous speeches, he said his forces were fighting groups of "murderous criminals" and jihadi elements and denied there was an uprising against his family's decades-long rule.
He struck a defiant tone, saying Syria will not take dictates from anyone.
He called on all Syrians to take part in an initiative that would end the nearly 22-month old conflict, but did not give any details on the plan.

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Assad outlines new Syria peace initiative

 Syrian President Bashar Assad has outlined a new peace initiative that includes a national reconciliation conference and a new constitution.
Assad, however, says the initiative can only take roots after regional and Western countries stop funding what he called militant extremists fighting to overthrow him.
Assad spoke Sunday in a rare speech addressing the nation, his first since June.
As in previous speeches, he said his forces were fighting groups of "murderous criminals" and jihadi elements and denied there was an uprising against his family's decades-long rule.
He struck a defiant tone, saying Syria will not take dictates from anyone.
His initiative is likely to be rejected by opposition forces and rebels, who insist he must step down.

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Jefferies results beat estimates on higher fixed-income revenue

(Reuters) - Jefferies Group Inc reported a higher-than-expected adjusted quarterly profit as the investment bank benefited from higher earnings from its fixed-income unit, and said its business expansion in Asia has started delivering.
The midsized investment bank has been expanding in China and India and recently poached bankers from the Royal Bank of Scotland to expand its business in China.
Jefferies said it also benefited from a pickup in trading across the board in September thanks to fresh stimulus plans from the U.S. Federal Reserve, and that it was gaining market share from larger rivals. The Fed had unveiled a program to purchase $40 billion in mortgage bonds.
The company saw its trading revenue more than double to $293 million from $141 million a year earlier.
"Our competitive position is very strong so across the products within fixed income I think we're gaining market share," Chief Executive Richard Handler said on a post-earnings conference call.
As the first investment bank to report earnings, Jefferies is often viewed as an indicator for larger Wall Street banks such as Goldman Sachs Group and Morgan Stanley .
Jefferies, founded in 1962 in Los Angeles to trade large stock orders away from the New York Stock Exchange, agreed last month to be bought by top shareholder Leucadia National Corp for $2.76 billion in stock.
"Combining our company with an extremely well-capitalized parent will allow us to continue to aggressively add value to our clients," Jefferies said in a statement on Tuesday.
Compensation costs at the company remained high with the company paying 59.9 percent of net revenue to employees, in line with previous periods but higher than the 50 percent industry peers generally target.
Net income rose to $72 million, or 31 cents per share, in the fourth quarter from $48 million, or 21 cents per share, a year earlier.
On an adjusted basis, earnings were 35 cents per share.
Analysts had expected the company to earn 32 cents per share, according to Thomson Reuters I/B/E/S.
Revenue for the quarter rose 39 percent to $769 million, above estimates of $722.6 million. Investment banking revenue rose 8 percent to $283 million.
Jefferies shares, which have risen 12 percent since the Leucadia deal was announced in mid-November, was trading up 2.5 percent at $18.70 on the New York Stock Exchange on Tuesday.

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Oracle 2Q earnings rise 18 pct as tech spending up

SAN FRANCISCO (AP) — Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.
The results announced Tuesday are an improvement from Oracle's previous quarter, when the company's revenue dipped slightly from a year earlier.
The latest quarter spanned September through November. That makes Oracle the first technology bellwether to provide insights into corporate spending since the Nov. 6 re-election of President Obama and negotiations to avoid the so-called fiscal cliff began to heat up.
Oracle Corp. earned $2.6 billion, or 53 cents per share, in its fiscal second quarter. That compares with net income of $2.2 billion, or 43 cents per share, last year.
Revenue increased 3 percent to $9.1 billion.

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Oracle sees third-quarter profit of 64 to 68 cents per share

BOSTON (Reuters) - Oracle Corp, the world's No. 3 software maker, said it expects to report non-GAAP earnings per share of 64 cents to 68 cents in its fiscal third quarter.
Oracle forecast that third-quarter new software sales and cloud subscriptions sales will rise 3 percent to 13 percent from a year earlier.
The company said its sees third-quarter hardware products sales flat to down 10 percent from a year ago.
Chief Executive Larry Ellison said he expects hardware systems revenue to start growing from the fiscal fourth quarter.
Oracle President Mark Hurd said that Oracle is gaining share against SAP in Europe.

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Syrian forces bombard rebel areas near capital

 Syrian government warplanes and artillery pounded restive suburbs of Damascus on Friday and anti-regime activists said a car bomb targeted an intelligence building north of the capital.
Fighting in Syria's civil war has flared in areas around Damascus as rebels seeking to topple President Bashar Assad try to push into the city itself. The rebel advances in the suburbs threaten the government's grip on its seat of power, prompting a punishing response from the military on rebel areas skirting the capital.
Anti-regime activists circulated a video they said showed an explosion near a military intelligence office in the town of Nabk, north of the capital. They had no information on casualties and the government did not comment on the bombing.
The blast came one day after a car bomb hit a gas station in the capital itself, killing eleven people, activists said. While no one has claimed responsibility for the attacks, they could be guerrilla strikes by rebels groups who lack the force to battle Assad's troops in the capital.
Syria's 21-month conflict has turned into a bloody stalemate that the United Nations says has killed more than 60,000 people, and it warns the civil war could claim the lives of many more this year. International efforts to stop the fighting have failed so far, and although rebels have made gains in recent months, they still can't challenge Assad's hold on much of the country.
On Friday, the Britain-based Syrian Observatory for Human Rights said government warplanes bombed suburbs of the capital, including Douma, where twin airstrikes killed more than a dozen people a day earlier.
The Observatory also reported the explosion near the military intelligence building in Nabk, some 50 miles (80 kilometers) north of Damascus.
A amateur video posted online showed a large explosion and a large gray cloud of smoke billowing from the area. An off-camera narrator said the blast struck the intelligence building.
The video appeared genuine and corresponded to other AP reporting.
Fighting also raged south of the capital, where rebels have been trying to push into the city for weeks.
Damascus activist Maath al-Shami said the government fired rockets and mortars from Qasioun mountain overlooking the capital at orchards near the southern suburbs of Daraya and Kfar Sousseh.
The Observatory reported clashes between rebels and the army in other areas south of the capital and on the road to the city's airport, to the southeast.
For its part, the Syrian army said in a statement late Thursday that troops had killed "terrorists" in areas around the capital, including Daraya.
The government says the uprising is fueled by foreign-backed terrorists who seek to destroy the country.
"Regime forces are facing very strong resistance in Daraya," said al-Shami via Skype, but added that government forces had been able to advance down the suburb's main thoroughfare.
The government's capture of Daraya, southwest of the city, would provide a boost to the regime's defense of Damascus. It is close to a military air base as well as government headquarters and one of President Bashar Assad's palaces.
In the north, rebels continued to clash with government forces inside the Taftanaz air base in Idlib province and near the Mannagh military airport and the international airport in Aleppo. The attacks are part of the rebel's effort to erode the military's air power.
Fadi al-Yassin, an activist based in Idlib, said the rebels killed on Thursday the commander of Taftanaz air base, a brigadier general.
"The battles now are at the gates of the airport," al-Yassin said via Skype. He added that it has become very difficult for the regime helicopters to take off and land at the facility.
He said warplanes taking off from airfields in the central province of Hama and the coastal region of Latakia are targeting rebels fighting around Taftanaz.
The Syrian Army General Command said troops directed "painful strikes" against the "armed terrorist groups" of Jabhat al-Nusra, a group the U.S. claims has designated a terrorist organization that is at the forefront of the airport attacks. The Syrian military said it killed many of the group's fighters.
The Aleppo airport has been closed since Monday. A government official in Damascus said the situation is relatively quiet around the facility, adding that it is up to civil aviation authorities to resume flights.
A man who answered the telephone at the information office at the Damascus International Airport said, "God willing, flights will resume to Aleppo very soon.

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