* Voting in second poll since war hailed free and fairBy Richard Valdmanis and Alphonso TowehMONROVIA, Oct 13 (Reuters) - Liberia is to release a first
batch of official results on Thursday from its hotly-contested
presidential election, in which Nobel laureate Ellen
Johnson-Sirleaf is seeking a second term.The vote is seen as a test of Liberia’s progress since the
1989-2003 civil war killed nearly a quarter of a million people
and left infrastructure in ruins. If smooth, the election could
pave the way to billions of dollars in investment in Liberia’s
mining, energy and agriculture sectors.”We are all waiting for the results, and from my
perspective, I think they will be accepted,” said Amadou Kante,
a resident of the Sinkor neighbourhood in the capital Monrovia.A local media association, the Liberia Media Center (LMC),
published unofficial partial results on Wednesday showing
Johnson-Sirleaf just ahead of her main rival Winston Tubman,
with just over 96,000 votes to his nearly 80,000 of a total
220,000 votes counted.Around 1.8 million Liberians registered for Tuesday’s
election, the second since the fighting and the first to be
organized locally. If no candidate wins an outright majority,
the two front-runners from a field of 16 will go into a run-off
vote scheduled for early November.Ex-rebel leader Prince Johnson was a distant third with just
under 20,000 votes, the LMC said, adding the tally was based on
its reporters calling in results that are being pinned up at
polling stations across the country.Official preliminary figures will be released by the
National Election Commission on Thursday. Many voters were tuned
to radio or television stations as the LMC’s unofficial tally
came through.Voting on Tuesday passed off peacefully in Monrovia.
Observer groups said they had received no reports of trouble
elsewhere in the country of four million people, but have
expressed concern that the results could be a flashpoint.”The mission is of the view that there were no major
irregularities and incidents of violence. It estimated that on
the whole, the elections of October 11, 2011 were conducted
under acceptable conditions of freedom of voters and
transparency of the process,” Attahiru Jega, head of the
observation mission from West African bloc ECOWAS, said on
Wednesday.Johnson-Sirleaf got a pre-poll boost with her award of the
Nobel Peace Prize last Friday, but rivals have said Liberians
will judge her on her success in fighting poverty in a country
with an average annual income of $300 a head.A dispute over the results of the 2005 election that brought
Johnson-Sirleaf to power as Africa’s first freely elected female
head of state triggered days of rioting.
By Alistair BarrSAN FRANCISCO, Oct 11 (Reuters) - EBay Inc is set
to deepen its relationship with social network leader Facebook
at a developer conference this week, a person familiar with the
e-commerce company said on Tuesday.EBay will also unveil a new online identification service
for shoppers called PayPal Access, the person added.The company expects almost 4,000 people to attend its
X.commerce conference in San Francisco on Oct. 12, 13 and 14.
The event marks the official launch of the company’s new
X.commerce division, which will target e-commerce software
developers. [ID:nS1E78I0U3EBay is trying to encourage outside developers to create
applications for its e-commerce platforms and is making a
particularly strong push in mobile commerce.At the end of September, Katie Mitic, head of Platform and
Mobile Marketing at Facebook, joined eBay’s board of directors,
sparking speculation that the two companies were working on new
partnerships.Mitic is scheduled to be one of the keynote speakers at the
X.commerce conference on Wednesday. Facebook Platform, which
Mitic helps run, is the company’s developer unit, so any new
partnership will focus on this area, the person said on
condition of anonymity because the plans aren’t public yet.EBay and Facebook have an existing partnership the allows
the purchase of Facebook self-serve ads and Facebook Credits
using PayPal, eBay’s electronic payments system.”We believe a deeper partnership could be announced at the
conference,” Doug Anmuth, an analyst at JPMorgan, wrote in a
note to investors on Monday.PAYPAL ACCESSEBay’s new PayPal Access service will let users shop across
the Web using just their PayPal email credentials and password,
according to the person.The service will eliminate the need to type in credit card
information, billing and shipping addresses and any age
verification requirements, they said.Customers will be able to chose whether to activate PayPal
Access. Merchants who sign up for the service will only see
customers’ shipping addresses because PayPal has already
verified the other information, they added.Merchants may be attracted to PayPal Access because it
could encourage shoppers to complete purchases, rather than
giving up when they’re asked for a lot of information at
checkout.For eBay, the new service could encourage more merchants to
accept PayPal as a payment option.
* Paulson not expected to take in new moneyBy Svea Herbst-Bayliss and Katya WachtelBOSTON/NEW YORK, Oct 11 (Reuters) - John Paulson could face
a two-pronged problem in the coming weeks as outside investors
and possibly even some of his own employees walk in the wake of
the hedge fund firm’s worst-ever returns.The firm told investors on Tuesday that as much as a
quarter of its assets could depart in a “worst-case” scenario
if all people who are eligible cash out by the end of the
year.Paulson’s team hosted a call to go over last month’s
results only a few days after he notified investors that one of
Paulson & Co’s biggest funds is down 47 percent for the year.Many of Paulson’s funds have lost big this year, as the
well-known money manager bet wrong that the U.S. economy would
revive sooner rather than later.However, in the days leading up to the investor call, some
on Paulson’s team had been telling brokers and others on Wall
Street that at least 20 percent of the $30 billion in assets
the fund manages could be redeemed. The deadline to get out of
the biggest funds — the Advantage funds — is coming up on
Oct. 31.Outsiders have long said Paulson is in no danger of
collapsing because about 40 percent of the assets are owned by
the billionaire stock picker and his dozen or so most trusted
lieutenants.But some analysts working in the $2 trillion hedge fund
industry say with Paulson’s funds slumping so badly, some of
his top employees could look to leave at year’s end and cash-in
their chips.Some of Paulson’s employees — whose money has been locked
up for years — will receive the final installment of their
bonus for 2008 this year, say people familiar with the hedge
fund.For some time Paulson had structured bonuses to vest over a
four-year period. That practice has been scrapped this year so
that bonuses for 2011 — a year where Paulson’s flagship
Advantage Fund is off 32 percent and its Advantage Plus cousin
is down 47 percent — would be paid immediately.Consultants who track personnel movements in the hedge fund
industry believe that there will not be a mass exodus from
Paulson. The man who earned the hedge fund industry’s biggest
payday with his $5 billion last year will still be able to pay
his roughly 120 employees very well considering the management
fees he will earn on $30 billion in assets.One recruiter in the industry said he has not yet received
any resumes from Paulson employees.”He has huge management fees and his team will likely still
be compensated very well so I think they will stick it out —
everyone can have a bad year,” said the person who asked not to
be named because he is fielding calls from many hedge fund firm
employees.One critical point is that industry consultants and bankers
on Wall Street are fairly sure Paulson will not be able to
attract new money now even though he promised not to charge
performance fees on new money.The billionaire investor had been a possible target of the
Occupy Wall Street protesters on Tuesday when they threatened
to march to the upper east of New York City to the homes of the
wealthiest on Wall Street.He was spared, according to several witnesses.In addressing the growing protests against Wall Street,
Paulson sent out a statement. “Instead of vilifying our most
successful businesses, we should be supporting them and
encouraging them to remain in New York City and continue to
grow,” the New York native wrote.He underscored that he and his employees contribute plenty
to the city’s coffers.”The top 1 percent of New Yorkers pay over 40 percent of
all income taxes, providing huge benefits to everyone in our
city and state. Paulson & Co and its employees have paid
hundreds of millions of dollars in New York City and New York
State taxes in recent years and have created over 100 high
paying jobs in New York City since its formation,” he said in
the statement.