EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.

There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.

Meningitis mainly affects infants and children. It kills about 8 percent of patients and leaves others with lifelong consequences such as brain damage.

In a statement on Friday, Andrin Oswald of Novartis said he is "proud of the major advance" the company has made in developing its vaccine Bexsero. It is aimed at children over two months of age, and Novartis is hoping countries will include the shot among the routine ones for childhood diseases such as measles.

Novartis said the immunization has had side effects such as fever and redness at the injection site.

Recommendations from the European Medicines Agency are usually adopted by the European Commission. Novartis also is seeking to test the vaccine in the U.S.

Read More..

Wall Street Week Ahead: Going off "cliff" with a bungee cord

NEW YORK (Reuters) - The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011.

All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington.

The first round of talks aimed at avoiding the "fiscal cliff" caused a temporary rise in equities on Friday, signaling Wall Street's recent declines could be a buying opportunity. The gains were small and sentiment remains weak, but it suggests hope for market bulls.

Though shares ended moderately higher on Friday, it was not enough to offset losses for the week. The S&P was down 1.5 percent, while both the Dow and the Nasdaq fell 1.8 percent.

The S&P 500 is down more than 5 percent in the seven sessions that followed President Barack Obama's re-election. Uncertainty arose as attention turned to Washington's task of dealing with mandated tax hikes and spending cuts that could take the U.S. economy back into recession.

Some see the market's move as an overreaction to hyperbolic headlines about policy gridlock in Washington, believing stocks may start to rebound in what should be a quiet few days ahead of the Thanksgiving holiday next Thursday.

"It just doesn't seem to make any sense that you suddenly wake up the day after the election and realize we've got a fiscal cliff," said Krishna Kumar, partner at New York hedge fund Goose Hollow Alpha Advisors.

Not long ago the S&P was on target for its second-best year in the last 10, riding a 17 percent advance in 2012. That's been halved to about 8 percent, which isn't bad but disappointing compared with just a month ago.

Investors have been selling the year's winners. Apple is down 25 percent from its peak above $700. General Electric is down 14 percent; Google has lost 16 percent. Overall, the stocks that make up the top 10 percent of performers in the month prior to Election Day have been the worst performers since, according to Bespoke Investment Group of Harrison, New York.

"I think it's a good opportunity to be long stocks at these levels," said Kumar.

Hikes on capital gains and dividend taxes are on the line, and Obama has dug in his heels on what he sees as a mandate to make the tax code more progressive.

He seems to have the upper hand in dealings with Congress because Republican lawmakers don't want to see tax rates increase, which is what will happen if no solution is found by the beginning of 2013. Republicans don't want to take the blame for driving the economy over the cliff.

The current crisis is similar to last year's fight to raise the U.S. debt ceiling, which led to the downgrade of the United States' top credit rating in early August 2011.

During the dealings, the S&P 500 lost 18.8 percent between its peak in July 2011 and its bottom in August. As the market slid, the political standoff badly hurt investors' confidence in Washington, setting off a spike in volatility.

In the end a deal was announced that raised the ceiling and put off longer-term fiscal decisions until January 1, 2013, setting the stage for today's "fiscal cliff" crisis.

After staying flat through September 2011, the S&P 500 jumped 31 percent between its October low and the end of March.

BUY THE DIP?

Gridlock in Washington and all that could possibly go wrong with the economy if a deal is not reached have grabbed the headlines, but the negotiations leave room for stock market gains. Congressional leaders said Friday they will work through the Thanksgiving holiday recess to find a solution.

"The debate over how to solve (the fiscal cliff) may be more productive than is commonly recognized," said Brad Lipsig, senior portfolio manager at UBS Financial Services in New York.

"The U.S. is facing a major debt overhang, and serious steps toward addressing it might ultimately be viewed as a positive for future growth," he said. "The market may recognize this and, after a time of hand wringing, recover from the concerns with a renewed sense of optimism."

The recent selling took the S&P 500's relative strength index - a technical measure of internal strength - below 30 this week, indicating the benchmark is oversold and due for a rebound.

The RSI in four of the 10 S&P sectors - utilities, telecoms, consumer staples and technology - is below 30 and the highest RSI reading, for the consumer discretionary sector, is below 40, suggesting a bounce is in store.

"What I want to do is what we did during the decline following the budget negotiations in the summer of 2011: The lower the stock market goes, the more I want to own stock," said Brian Reynolds, chief market strategist at New York-based Rosenblatt Securities.

"If we go off the cliff it will be with a bungee cord attached," he said.

KEEP CALM AND HEDGE

Volatility is expected to rise through the end of November and to spike in late December if no agreement on the fiscal cliff is reached in Congress. Alongside comes opportunity for those with high risk tolerance.

"Recently, volatility has increased in the market overall. You can't really pick it up in the VIX yet, but I think as we get through November, I think you're likely to see the VIX be at a relatively higher level," said Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston.

In 2011, the VIX averaged 19.2 in July and 35 in August. So far this month the average is 17.8 and it is expected to spike if negotiations on the cliff drag into late next month.

"Looking at the range of possibilities, I would say any of them would be better than sitting here waiting. I would even put going off the fiscal cliff in that category," said Jill Cuniff, president of Seattle-based Edge Asset Management Inc, which manages about $20 billion.

"But we don't believe Congress will let that happen; there's going to be some middle ground here."

(Reporting by Rodrigo Campos and Jonathan Spincer, additional reporting by Caroline Valetkevitch; Editing by Kenneth Barry)

Read More..

Israel hits Hamas government buildings, reservists mobilized

GAZA/JERUSALEM (Reuters) - Israeli aircraft bombed Hamas government buildings in Gaza on Saturday, including the prime minister's office, after Israel's cabinet authorized the mobilization of up to 75,000 reservists, preparing for a possible ground invasion.

Israeli planes shattered the office building of Prime Minister Ismail Haniyeh - where he had met on Friday with the Egyptian prime minister - and struck the Interior Ministry.

Loud explosions regularly rocked the densely populated Palestinian territory, sending plumes of smoke billowing into the sky. The occasional hiss of outgoing rocket fire showed Islamist militants were pursuing their defiance of the assault.

Despite the violence, Tunisia's foreign minister arrived in the coastal enclave on Saturday in a show of solidarity, denouncing the Israeli attacks as illegitimate and unacceptable.

Officials in Gaza said 41 Palestinians, among them 20 civilians including eight children and a pregnant woman, had been killed in Gaza since Israel began operations four days ago. Three Israeli civilians were killed by a rocket on Thursday.

Israel's military said its air force had hit at least 180 targets since midnight, including a police headquarters, government buildings, rocket launching squads and a Hamas training facility in the impoverished territory.

A three-storey house belonging to Hamas official Abu Hassan Salah was also hit and completely destroyed early on Saturday. Rescuers said at least 30 people were pulled from the rubble.

"What Israel is doing is not legitimate and is not acceptable at all," Tunisian Foreign Minister Rafik Abdesslem said as he visited Haniyeh's wrecked headquarters. "It does not have total immunity and is not above international law."

Israel launched a massive air campaign on Wednesday with the declared aim of deterring Hamas from launching cross-border rocket salvoes that have plagued southern Israel for years.

The Palestinians have fired hundreds of rockets out of Gaza, including one at Jerusalem and three at Tel Aviv - Israel's commercial centre. Jerusalem had not been targeted in such a way since 1970, and Tel Aviv since 1991.

Although there were no reports of casualties or damage in either city, the long-range attacks came as a shock and advanced the prospect of an Israeli ground invasion into Gaza

"This will last as long as is needed; we have not limited ourselves in means or in time," Foreign Minister Avigdor Lieberman told Israel's Channel One television on Saturday.

Hamas says it is committed to continued confrontation with Israel and is eager not to seem any less resolute than smaller, more radical groups that have emerged in Gaza in recent years.

The Islamist Hamas has ruled Gaza since 2007. Israel pulled settlers out of Gaza in 2005 but has maintained a blockade of the territory.

EGYPTIAN PEACE EFFORTS

Prime Minister Benjamin Netanyahu held a four-hour strategy session late on Friday with a clutch of senior ministers on widening the military campaign, while other cabinet members were polled by telephone on increasing mobilization.

Political sources said they decided to more than double the current reserve troop quota set for the Gaza offensive to 75,000. It did not necessarily mean all would be called up.

Three soldiers were lightly hurt by fire from the Gaza Strip on Saturday, the army said.

Egyptian Prime Minister Hisham Kandil paid a high-profile visit to Gaza on Friday, denouncing what he described as Israeli aggression and saying Cairo was prepared to mediate a ceasefire.

Egypt's Islamist government, which took power after free elections following an uprising that ousted veteran autocrat Hosni Mubarak, is allied with Hamas but also party to a 1979 peace treaty with Israel.

"Egypt will spare no effort ... to stop the aggression and to achieve a truce," Kandil said.

A Palestinian official with knowledge of Cairo's mediation efforts said on Saturday that Egypt was pursuing a truce.

"Egyptian mediators are continuing their mediation efforts and these will intensify in the coming hours," he told Reuters.

In a further sign Netanyahu might be clearing the way for a ground operation, Israel's armed forces decreed a highway leading to the territory and two roads bordering the enclave of 1.7 million Palestinians off-limits to civilian traffic.

Tanks and self-propelled guns were seen near the sandy border zone on Saturday, and around 16,000 reservists have already been called to active duty.

The Israeli military said some 367 rockets fired from Gaza had hit Israel since Wednesday and at least 222 more were intercepted by its Iron Dome anti-missile system.

Four Iron Domes were deployed initially and a fifth was rushed into action on Saturday, weeks ahead of schedule. The army said it was placed in the Tel Aviv area, showing Israel's concern for the safety of its heavily populated coastline.

Netanyahu is favored to win a January election, but further rocket strikes against Tel Aviv, a free-wheeling city Israelis equate with New York, and Jerusalem, which Israel regards as its capital, could be political poison for the conservative leader.

OBAMA REGRET

U.S. President Barack Obama commended Egypt's efforts to help calm the Gaza violence in a call to Egyptian President Mohamed Mursi on Friday, the White House said, and underscored his hope of restoring stability.

In a call with Netanyahu, Obama discussed options for "de-escalating" the situation, the White House added.

Obama "reiterated U.S. support for Israel's right to defend itself, and expressed regret over the loss of Israeli and Palestinian civilian lives," a statement on the call said.

Israel Radio's military affairs correspondent said the army's Homefront Command had told municipal officials to make civil defense preparations for the possibility that fighting could drag on for seven weeks. An Israeli military spokeswoman declined to comment on the report.

The Gaza conflagration has stirred the pot of a Middle East already boiling from two years of Arab revolutions and a civil war in Syria that threatens to spread across borders.

"Israel should understand that many things have changed and that lots of water has run in the Arab river," Tunisia's Abdesslem told reporters in Gaza.

It is the stiffest challenge yet for Mursi, a veteran politician from the Muslim Brotherhood who was elected this year after protests ended Mubarak's 30-year rule in 2011.

Egypt's Muslim Brotherhood are spiritual mentors of Hamas, yet Mursi has also pledged to respect Cairo's peace accord with Israel, which is seen in the West as the foundation of regional security. Egypt and Israel both receive billions of dollars in U.S. military aid to underwrite their treaty.

Hamas fighters are no match for the Israeli military. The last Gaza war, involving a three-week long Israeli air blitz and ground invasion over the New Year period of 2008-2009, killed more than 1,400 Palestinians, mostly civilians. Thirteen Israelis died.

U.N. Secretary-General Ban Ki-moon is expected to visit Israel and Egypt next week to push for an end to the fighting in Gaza, U.N. diplomats said on Friday.

Hamas refuses to recognize Israel's right to exist. By contrast, Palestinian President Mahmoud Abbas, who rules in the nearby West Bank, does recognize Israel, but peace talks between the two sides have been frozen since 2010.

Abbas' supporters say they will push ahead with a plan to have Palestine declared an "observer state" rather than a mere "entity", at the United Nations later this month.

(Additional reporting by Maayan Lubell and Ori Lewis in Jerusalem; Writing by Crispian Balmer and Jeffrey Heller; Editing by)

Read More..

RIM to spice BlackBerry 10 AppWorld with local flavors

WATERLOO, Ontario (Reuters) – Research In Motion is pushing for app quality, not quantity, with its make-or-break BlackBerry 10 devices set for launch on January 30, and targeting applications to customers in various regions.

RIM’s projected 100,000 apps – a record for any new platform at launch – will still be a fraction of those available on Apple Inc or Google Inc devices.

But it is a stronger showing than RIM’s PlayBook tablet computer which was slammed at its 2011 launch for a dearth of apps and incomplete software.

In an interview with Reuters on Wednesday, RIM Chief Executive Thorsten Heins admitted that app libraries play a crucial role in the success or failure of smartphones. But he said the game is not just about numbers.

“The tactic we are deploying is by country and by region. We are aiming to have the most important 200 to 400 apps available, because many applications are regional and they really do have a regional flavor,” Heins said.

RIM says it aims to offer both the most popular applications in the market, and also those most relevant to Blackberry aficionados – people Heins described as hyper-connected multi-taskers who need to get things done.

RIM’s ultra-secure BlackBerry was once the smartphone of choice for government and corporate elites. But rivals have taken giant bites out of RIM’s market share, especially in North America, and the company’s stock has slumped. The BlackBerry remains popular in many emerging markets, partly for its popular BBM messaging system.

With this in mind, RIM has hosted events with developers across the globe.

“We’ve done 30 jam conferences in various cities all around the world, to get the bucket filled with meaningful local apps and not just a huge bunch of applications that you collect and throw at your audience,” he said. “It is a very, very targeted approach.”

Heins, who has met with customers and carriers in a series of whirlwind global tours, came across as relaxed and confident in the interview, in RIM’s Waterloo headquarters.

Speaking rapid fire English with just a hint of an accent from his native Germany, he acknowledged that RIM’s fate may depend on the success of BB10, but he said feedback from clients has been very encouraging.

RIM hopes its new line of BB10 smartphones will help it claw back market share from Apple’s iPhone and devices powered by Google’s Android operating system. Developers say like what they see, but analysts are not convinced that RIM’s gamble on BB10 will succeed.

BIG NAME DRAWS

In terms of numbers, RIM’s app offering will remain far behind the Apple and Google app stores, each of which boast over 700,000 apps. But Heins said he was not worried.

“In my view it is really short-sighted to say, you have 600,000, you have 400,000 and you only have 100,000 apps, so you are not good,” he said.

“Look at how many actually get downloaded. … BlackBerry App World today is still the most profitable portal for application developers – it has the highest number of paid for downloads.”

In a small dig at his rivals, he added: “We don’t have 1,500 Solitaire apps. That is not what Blackberry is about.”

RIM has already said it plans business focused apps from the likes of Cisco WebEx, Box, SAP and Blackboard, as well as music and movie apps like TuneIn, Nobex and Popcornflix and gaming apps from developers like Gameloft, Halfbrick and Paw Print Games.

Heins has said social networks such as LinkedIn, Foursquare, Twitter and Facebook will all have apps for BB10 at launch. But he declined to name any of the other big name apps that RIM will have on board come launch day.

“Allow me to talk to you about this on January 30, otherwise I’m losing a lot of thunder,” he said.

(Editing by Janet Guttsman and Richard Chang)

Gadgets News Headlines – Yahoo! News

Read More..

It's a Girl for Chad Lowe

Mom & Babies
Celebrity Baby Blog

11/17/2012 at 12:20 AM ET

Chelsea Lauren/WireImage

It’s a girl for Chad Lowe.

The Pretty Little Liars star and wife Kim welcomed their second daughter on Thursday, Nov. 15, the actor announced via Twitter.

“It’s a girl!!! And she’s as beautiful as her mommy and [3½-year-old] big sister Mabel,” Lowe, 44, writes. “We are blessed!”

The couple, who married in August 2010, announced the pregnancy in June.

“I’m trying to bank some sleeping hours, which is a little tough,” Lowe joked to PEOPLE last Saturday, sharing that his wife was due to deliver this week.

– Sarah Michaud

Read More..

EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.

There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.

Meningitis mainly affects infants and children. It kills about 8 percent of patients and leaves others with lifelong consequences such as brain damage.

In a statement on Friday, Andrin Oswald of Novartis said he is "proud of the major advance" the company has made in developing its vaccine Bexsero. It is aimed at children over two months of age, and Novartis is hoping countries will include the shot among the routine ones for childhood diseases such as measles.

Novartis said the immunization has had side effects such as fever and redness at the injection site.

Recommendations from the European Medicines Agency are usually adopted by the European Commission. Novartis also is seeking to test the vaccine in the U.S.

Read More..

Shares flat as data offsets "cliff" hope

Whoa, trouble in TriBeCa! It seems that the tony downtown Manhattan neighborhood's two most famous residents, The Adventures of Rocky & Bullwinkle actor Robert De Niro and Beyoncé's husband Jay-Z, recently had something of a public spat. Well, it was actually more one-sided than a spat, as De Niro did most of the talking, scolding Jay for not returning his calls. ...

Read More..

Egypt in Gaza truce bid as rocket jolts Tel Aviv

GAZA (Reuters) - Egypt tried to open a tiny window to emergency peace diplomacy in Gaza on Friday, but hopes for even a brief ceasefire while its prime minister was inside the bombarded enclave to talk to leaders of the Islamist Hamas movement were immediately dashed.

Prime Minister Hisham Kandil visited the Gaza Strip officially to show solidarity with the Palestinian people after two days of relentless attacks by Israeli warplanes determined to end militant rocket fire at Israel.

A Palestinian official close to Egypt's mediators told Reuters Kandil's visit "was the beginning of a process to explore the possibility of reaching a truce. It is early to speak of any details or of how things will evolve".

Israel undertook to cease fire during the visit if Hamas did too. But it said rockets fired from Gaza hit several sites in southern Israel as he was in the enclave and has begun drafting 16,000 reserve troops, a possible precursor to invasion.

Tanks and self-propelled guns were seen near the border area of Friday and sirens sounded again over Tel Aviv, after witnesses in Gaza saw a long-range rocket launched. Israeli police said it landed in the sea off Israel's commercial centre.

A Hamas source said the Israeli air force launched an attack on the house of Hamas's commander for southern Gaza which resulted in the death of two civilians, one a child.

Israel's military strongly denied carrying out any attack from the time Kandil entered Gaza, and accused Hamas of violating the three-hour deal.

"Even though about 50 rockets have fallen in Israel over the past two hours, we chose not to attack in Gaza due to the visit of the Egyptian prime minister. Hamas is lying and reporting otherwise," the army said in a Twitter message.

Kandil said: "Egypt will spare no effort ... to stop the aggression and to achieve a truce."

At a Gaza hospital he held the bloodied body of a child. He left the Gaza Strip after meeting with Hamas leader Ismail Haniyeh, the enclave's prime minister.

Palestinian medics said two people were killed in the disputed explosion at the house, one of them a child. It raised the Palestinian death toll since Wednesday to 22. Three Israelis were killed by a rocket on Thursday.

The Palestinian dead include eight militants and 14 civilians, among them seven children and a pregnant woman. A Hamas rocket killed three Israeli civilians in a town north of Gaza, men and women in their 30s, hitting their apartment.

GERMANY BLAMES HAMAS

The Gaza conflagration has stoked the flames of a Middle East ablaze with two years of Arab revolution and a civil war in Syria that threatens to engulf the whole region.

German Chancellor Angela Merkel called on Egypt to use its influence on Hamas to bring the violence to an end, her spokesman said, adding that Israel had the "right and obligation" to protect its population.

"Hamas in Gaza is responsible for the outbreak of violence," Merkel's spokesman Georg Streiter told a news conference. "There is no justification for the shooting of rockets at Israel, which has led to massive suffering of the civilian population."

Chief Palestinian peace negotiator Saeb Erekat, whose efforts to achieve a treaty with Israel are scorned by Hamas as treason, said Palestinian President Mahmoud Abbas's "efforts are focused on one thing: deescalate the violence and save lives in Gaza. That's what we're hoping for."

"No amount of pressure can stop our efforts at the United Nations" to obtain a General Assembly vote at the end of the month granting observer status to the Palestinian territories, including the Gaza Strip, West Bank and East Jerusalem, he said.

Hamas rejects the diplomacy of Abbas outright. But Erekat said: "It is our brothers' and sisters' blood. This is no time for internal squabbles or pointing fingers."

TEL AVIV

Air raid sirens wailed over Tel Aviv on Thursday evening, sending residents rushing for shelter, and two long-range rockets exploded just south of the metropolis. The location of the impacts was not disclosed.

They exploded harmlessly, police said. But they shook the 40 percent of Israelis who, until now, lived in safety beyond range of the southern rocket zone.

"Even Prime Minister (Benjamin) Netanyahu was rushed into a reinforced room," said cabinet minister Gilad Eldan.

Just as in late 2008, Israel's demands that Hamas and other militants stop firing rockets at southern towns appeared to be being ignored, and the fire was increasing.

The last Gaza war, involving a three-week long Israeli air blitz and ground invasion over the New Year period of 2008-2009, left more than 1,400 Palestinians dead, mostly civilian, and killed 13 Israelis.

THE MESSAGE

"If Hamas says it understands the message and commits to a long ceasefire, via the Egyptians or anyone else, this is what we want. We want quiet in the south and a stronger deterrence," Israeli vice prime minister Moshe Yaalon said.

"The Egyptians have been a pipeline for passing messages. Hamas always turns (to them) to request a ceasefire. We are in contact with the Egyptian defense ministry. And it could be a channel in which a ceasefire is reached," he told Israeli radio.

Tunisia's foreign minister was due to visit Gaza on Saturday "to provide all political support for Gaza" the spokesman for the Tunisian president, Moncef Marzouki, said in a statement.

On Israel's side of the border there were signs of possible preparations for a ground assault on Gaza. In pre-dawn strikes, warplanes bombed open land along the fence, in what could be a softening-up stage to clear the way for tanks.

The United States asked countries that have contact with Hamas to urge the Islamist movement to stop its rocket attacks.

EGYPT ON THE SPOT

Hamas refuses to recognize Israel's right to exist. By contrast, Abbas, who rules in the nearby West Bank, does recognize Israel, but peace talks between the two sides have been frozen since 2010.

Abbas's supporters say they will push ahead with their plan to become an "observer state" rather than a mere "entity" at the United Nations later this month.

Egypt's new Islamist president, Mohamed Mursi, viewed by Hamas as a protector, led a chorus of denunciation of the Israeli strikes by allies of the Palestinians.

The conflict poses a test of Mursi's commitment to Egypt's 1979 peace treaty with Israel, which the West views as the bedrock of Middle East peace.

The Muslim Brotherhood, which brought him to power in an election after the downfall of pro-Western Hosni Mubarak, has called for a "Day of Rage" in Arab capitals on Friday.

The Israel Defence Forces (IDF) said they had targeted over 450 "terror activity sites" in the Gaza Strip since Operation Pillar of Defence began with the assassination of Hamas' top military commander on Wednesday by an Israeli missile.

Some 150 medium range rocket launching sites and ammunition dumps were targeted overnight, the IDF said.

"The sites that were targeted were positively identified by precise intelligence over the course of months," it said. "The Gaza strip has been turned into a frontal base for Iran, forcing Israeli citizens to live under unbearable circumstances."

(Additional reporting by Ori Lewis, Ari Rabinovitch, Jeffrey Heller and Crispian Balmer in Jerusalem; writing by Douglas Hamilton; editing by Philippa Fletcher)

Read More..

Sina banks on Weibo but weak fourth quarter guidance spooks investors

(Reuters) – Chinese Internet company Sina Corp said its fourth quarter will be hit by a softer economy and posted weaker-than-expected sales guidance, despite a stronger revenue contribution from its hot microblogging platform Weibo.

Shares in Sina fell 7 percent after it forecast adjusted net revenue of $ 132 million to $ 136 million in the current quarter, below analysts’ expectations for $ 151.9 million according to Thomson Reuters I/B/E/S.

Sina, which makes most of its revenue from online advertising both on its website and Weibo, is facing stiff headwinds as firms slash advertising budgets due to a worsening economic outlook.

“We are going to see a weaker quarter for advertising overall in the fourth quarter,” said Charles Chao, Sina’s chief executive on an earnings conference call. The firm forecast Q4 advertising revenues would rise 6-8 percent from a year earlier.

Chao said Weibo contributed 16 percent to total revenue in the third quarter, up from 10 percent in the previous quarter. The platform, which is very popular with white-collar workers, university students and celebrities, had 424 million registered users at the end of the quarter, up from 368 million three months earlier.

Advertisers, like luxury brands, that traditionally don’t advertise with Sina’s main portal website flocked to Weibo to test out the social platform, Chao said.

There were about 230,000 Weibo advertising accounts in the quarter, and Sina was in the process of rolling out a online payment system and new Weibo advertising product to increase monetization at the end of the fourth quarter.

“We believe a ‘promoted feed advertising’ will become one of the major forms of (Weibo) advertising going forward,” said Chao, adding that the product will be effective also on mobile platforms, allowing Sina to tap into Weibo’s growth on mobile devices.

Q3 PROFIT BEAT

For the third quarter, Sina’s net profit was $ 9.9 million compared with a loss of $ 336.3 million a year earlier, and slighly ahead of analysts’ expectations of $ 7.5 million.

Sina’s quarterly advertising revenue rose 19 percent to $ 120.6 million, while non-advertising revenue rose 9 percent to $ 31.8 million.

The company started monetizing Weibo by offering special services to business accounts and selling VIP memberships to regular users earlier this year.

For its mobile-value-added-services business, Sina said it expects revenue to continue to decline due to new regulatory policies.

The company was also affected by a spat between Japan and China over islands in the East China Sea as Japanese automakers cut back on advertising in China. Chao said he expected the impact to last into the fourth quarter.

“It did have an impact on our third quarter as well as our fourth quarter. We did see cancellations from customers related to Japanese automobiles in the month of September and it impacted the fourth quarter (too),” Chao said.

Sina shares fell 6.74 percent to $ 49.52 in extended trading. They closed at $ 53.10 on the Nasdaq on Thursday.

(Additional reporting by Aurindom Mukherjee in Bangalore; Editing by Sriraj Kalluvila and Richard Pullin)

Internet News Headlines – Yahoo! News

Read More..

Matthew McConaughey Is Dreaming of the Perfect Cheeseburger

By Andrea Billups

11/16/2012 at 09:40 AM EST

Matthew McConaughey has dieted himself down to skin and bones for an upcoming movie, but when the five-week shoot is over, he's gunning for one thing: a po boy sandwich.

But if that can't be found, McConaughey, 43, says that he'll settle on a perfect cheeseburger, describing his decadent post-weight-loss meal down to the condiments.

“I will have some 70 percent beef, 30 percent fat ground beef, maybe a half pound cheeseburger with another three types of cheese," McConaughey, who is starring in the independent film, The Dallas Buyer's Club, tells Hitfix.com. "I'll prepare it all and I'll make sure that it takes three hours just to prepare."

The Texan also envisions just how he'll dress the long-awaited burger, and he plans to spare no calories.

"I'm going to have buns with butter on both sides, toasted and grilled," he said. "I'm going to melt the cheese on the top bun, Hellmann's Real Mayonnaise. I want kosher dill pickles sliced nice and thin, diced white onions, slightly grilled until they get almost hard, and some thin jalapeno slices. And then I'm just going to sit back and let the [expletive] just drop on the ground."

For now, though, the Magic Mike star reveals that he has gone from 170 to 143 pounds in his physical transformation. He is famous for his fitness and says while he's still doing some cardio, the trick to dropping the pounds at his age is all about diet. He's lost so much now, however, that he says he's not so hungry.

"Your organs and muscles shrink, your organs shrink and my stomach has shrunk as well," he reveals. "So, as much as I can't wait to have that cheeseburger on the day [shooting ends], it'll probably be damn hard to eat the whole thing."

Read More..

Booze calories nearly equal soda's for US adults

NEW YORK (AP) — Americans get too many calories from soda. But what about alcohol? It turns out adults get almost as many empty calories from booze as from soft drinks, a government study found.

Soda and other sweetened drinks — the focus of obesity-fighting public health campaigns — are the source of about 6 percent of the calories adults consume, on average. Alcoholic beverages account for about 5 percent, the new study found.

"We've been focusing on sugar-sweetened beverages. This is something new," said Cynthia Ogden, one of the study's authors. She's an epidemiologist with the Centers for Disease Control and Prevention which released its findings Thursday.

The government researchers say the findings deserve attention because, like soda, alcohol contains few nutrients but plenty of calories.

The study is based on interviews with more than 11,000 U.S. adults from 2007 through 2010. Participants were asked extensive questions about what they ate and drank over the previous 24 hours.

The study found:

—On any given day, about one-third of men and one-fifth of women consumed calories from beer, wine or liquor.

—Averaged out to all adults, the average guy drinks 150 calories from alcohol each day, or the equivalent of a can of Budweiser.

—The average woman drinks about 50 calories, or roughly half a glass of wine.

—Men drink mostly beer. For women, there was no clear favorite among alcoholic beverages.

—There was no racial or ethnic difference in average calories consumed from alcoholic beverages. But there was an age difference, with younger adults putting more of it away.

For reference, a 12-ounce can of regular Coca-Cola has 140 calories, slightly less than a same-sized can of regular Bud. A 5-ounce glass of wine is around 100 calories.

In September, New York City approved an unprecedented measure cracking down on giant sodas, those bigger than 16 ounces, or half a liter. It will take effect in March and bans sales of drinks that large at restaurants, cafeterias and concession stands.

Should New York officials now start cracking down on tall-boy beers and monster margaritas?

There are no plans for that, city health department officials said, adding in a statement that while studies show that sugary drinks are "a key driver of the obesity epidemic," alcohol is not.

Health officials should think about enacting policies to limit alcoholic intake, but New York's focus on sodas is appropriate, said Margo Wootan, director of nutrition policy for the Center for Science in the Public Interest, a public health advocacy group.

Soda and sweetened beverages are the bigger problem, especially when it comes to kids — the No. 1 source of calories in the U.S. diet, she said.

"In New York City, it was smart to start with sugary drinks. Let's see how it goes and then think about next steps," she said.

However, she lamented that the Obama administration is planning to exempt alcoholic beverages from proposed federal regulations requiring calorie labeling on restaurant menus.

It could set up a confusing scenario in which, say, a raspberry iced tea may have a calorie count listed, while an alcohol-laden Long Island Iced Tea — with more than four times as many calories — doesn't. "It could give people the wrong idea," she said.

Read More..

Stock futures point to flat Wall St open, Wal-Mart lower

NEW YORK (Reuters) - Stock index futures pointed to a flat open on Thursday, with investors finding few reasons to buy after weak results from Wal-Mart Stores Inc and rising tensions in the Middle East.

Futures were off their highs of the session, continuing a trend of equities having difficulty holding onto gains.

Wal-Mart fell 2.9 percent to $69.25 in premarket trading after reporting third-quarter revenue that missed expectations. The company said economic conditions pressured customers' spending.

"This is troubling because it flies in the face of other retail data we've seen lately, which has been positive," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. "There's not much out there convincing investors that things are getting any better."

Discount retailer Target Corp rose 1 percent to $62 before the bell after it reported profit that beat expectations.

Futures fell on economic data, which showed a spike in weekly jobless benefits claims, though consumer prices came in as expected with a 0.1 percent increase. The government said claims totaled 439,000 compared with expectations of 375,000 and reflected the impact of superstorm Sandy.

A regional gauge of manufacturing in New York state slowed for a fourth straight month in November but was stronger than analysts' expectations.

S&P 500 futures fell 1.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 25 points and Nasdaq 100 futures rose 5.75 points.

With Wednesday's drop, both the Dow and Nasdaq ended at their lowest levels since late June. The S&P 500 is down 5.1 percent in the six sessions since election night. Wednesday marked the benchmark index's lowest close since July 25.

Investors may seek bargains at these levels, and a round of stronger economic data could prove to be a catalyst, but many analysts say strong gains may be hard to come by until at least one of several global macroeconomic headwinds go away.

Overseas, Israel launched a major offensive against Palestinian militants in Gaza, killing the military commander of Hamas in an air strike and threatening an invasion of the enclave. Egypt said it recalled its ambassador from Israel in response.

"Nothing over there seems stable, and investors are concerned other countries could be pulled into the conflict. You're going to see oil jump on that threat," Forest said.

President Barack Obama Wednesday reiterated his position that marginal tax rates would have to rise to tackle U.S. deficits. Taxes on capital gains and dividends could rise as part of the negotiations, pushing investors to sell this year and pay lower taxes on their gains.

(Editing by Kenneth Barry)

Read More..

War looms over Gaza as death toll rises

GAZA (Reuters) - A Hamas rocket killed three Israelis north of the Gaza Strip on Thursday, drawing the first blood from Israel as the Palestinian death toll rose to 15 in a military showdown lurching closer to all-out war and an invasion of the enclave.

On the second day of an assault Israel said might last many days and culminate in a ground attack, its warplanes bombed targets in and around Gaza city, where tall buildings trembled.

Plumes of smoke and dust furled into a sky laced with the vapor trails of outgoing rockets.

The sudden conflict, launched by Israel with the killing of Hamas's military chief, pours oil on the fire of a Middle East already ablaze with two years of revolution and an out-of-control civil war in Syria. Palestinian allies, led by Egyptian President Mohamed Mursi, denounced the Israeli offensive.

After watching powerlessly from the sidelines of the Arab Spring, Israel has been thrust to the centre of a volatile new world in which Islamist Hamas believes that Mursi and his newly dominant Muslim Brotherhood in Egypt will be its protectors.

The Palestinian Islamist group claimed it had fired a one-tonne, Iranian-made Fajr 5 rocket at Tel Aviv in what would be a major escalation, but there was no reported impact in the Israeli metropolis 50 km (30 miles) north of the enclave.

"The Israelis must realize that this aggression is unacceptable and would only lead to instability in the region and would negatively and greatly impact the security of the region," Mursi said, although there was no immediate sign of robust action by Egypt, Israel's most powerful Arab neighbor.

The new conflict will be the biggest test yet of Mursi's commitment to Egypt's 1979 peace treaty with Israel, which the West views as the bedrock of Middle East peace.

The Muslim Brotherhood, which brought Mursi to power in an election after the downfall of autocrat Hosni Mubarak, has called for a 'Day of Rage' in Arab capitals on Friday. The Brotherhood is seen as the spiritual mentors of Hamas.

ASSASSINATION

The offensive began on Wednesday when a precision Israeli airstrike assassinated Hamas military mastermind Ahmed Al-Jaabari, and Israel shelled the enclave from land, air and sea.

The 15 killed in Gaza included Jaabari and six Hamas fighters plus eight civilians, among them a pregnant woman with twins, an 11-month old boy and three infants, according to the enclave's health ministry. Medics reported at least 130 wounded.

At Jaabari's funeral on Thursday, supporters fired guns in the air celebrating news of the Israeli deaths, to chants for Jaabari of "You have won." His corpse was borne through the streets wrapped in a bloodied white sheet. But senior Hamas figures were not in evidence, wary of Israel's warning that they are now in its crosshairs.

The Israeli army said 156 targets were hit in Gaza, 126 of them rocket launchers. It said 200 rockets had struck Israel since the start of the operation, 135 of them since midnight.

Israel's Iron Dome interceptor system has so far shot down 81 rockets headed towards residential areas, the military said.

One of those that got through caught its victims before they could reach the blast shelters that are everywhere in the Negev region, prey to sporadic Palestinian rocket attacks from Gaza for the past five years.

Israeli police said the three died when a rocket hit a four-story building in the town of Kiryat Malachi, some 25 km (15 miles) north of Gaza. They were the first Israeli fatalities of the latest conflict to hit the coastal region.

Expecting days or more of fighting and almost inevitable civilian casualties, Israeli warplanes dropped leaflets in Gaza telling residents to stay away from Hamas and other militants.

The United States condemned Hamas, shunned by the West as an obstacle to peace for its refusal to renounce violence and recognize Israel.

"There is no justification for the violence that Hamas and other terrorist organizations are employing against the people of Israel," said Mark Toner, deputy State Department spokesman.

The U.N. Security Council held an emergency meeting late on Wednesday to discuss the Israeli assault. It called for a halt to the violence, but took no action.

In France, Foreign Minister Laurent Fabious said: "It would be a catastrophe if there is an escalation in the region. Israel has the right to security but it won't achieve it through violence. The Palestinians also have the right to a state."

"GATES OF HELL"

Israel's sworn enemy Iran, which supports and arms Hamas, condemned the Israeli offensive as "organized terrorism". Lebanon's Iranian-backed Shi'ite militia Hezbollah, which has its own rockets aimed at the Jewish state, denounced strikes on Gaza as "criminal aggression", but held its fire.

Oil prices rose more than $1 as the crisis grew. Israeli shares and bonds fell, while Israel's currency rose off Wednesday's lows, when the shekel slid more than 1 percent to a two-month low against the dollar.

A second Gaza war has loomed on the horizon for months as waves of Palestinian rocket attacks and Israeli strikes grew increasingly intense and frequent. Prime Minister Benjamin Netanyahu, favored in polls to win a January 22 general election, said on Wednesday the Gaza operation could be stepped up.

His cabinet has granted authorization for the mobilization of military reserves if required to press the offensive, dubbed "Pillar of Defense" in English and "Pillar of Cloud" in Hebrew after the Israelites' divine sign of deliverance in Exodus.

Hamas has said the killing of its top commander In a precision, death-from-above airstrike, would "open the gates of hell" for Israel. It appealed to Egypt to halt the assault.

Israel has been anxious since Mubarak was toppled last year in the Arab Spring revolts that replaced secularist strongmen with elected Islamists in Egypt, Tunisia and Libya, and brought civil war to Israel's other big neighbor Syria.

Cairo recalled its ambassador from Israel on Wednesday. Israel's ambassador left Cairo on what was called a routine home visit and Israel said its embassy would stay open.

Gaza has an estimated 35,000 Palestinian fighters, no match for Israel's F-16 fighter-bombers, Apache helicopter gunships, Merkava tanks and other modern weapons systems in the hands of a conscript force of 175,000, with 450,000 in reserve.

(Additional reporting by Ari Rabinovitch in Jerusalem, Erika Solomon in Beirut, John Irish in Paris. Marwa Awad in Cairo.; Writing by Douglas Hamilton; Editing by Peter Graff)

Read More..

Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.

Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.

The layoffs are equivalent to nearly 5 percent of the Austin, Texas-based company’s global workforce.

“A sale would have been better than a restructuring but a restructuring is certainly better than nothing,” Sanford Bernstein analyst Stacy Rasgon said.

TI has been under pressure in mobile processors, where it has lost ground to rival Qualcomm Inc. Leading smartphone makers Apple Inc and Samsung Electronics Co Ltd have been developing their own chips instead of buying them from suppliers like TI.

Instead of competing in phones and tablets, TI wants to sell its OMAP processors in markets that require less investment, like industrial clients like carmakers.

TI is expected to continue selling existing tablet and phone processors for products like Amazon.Com Inc‘s Kindle tablets for as long as demand remains, but stop developing new chips.

“This year, the Kindle runs on the OMAP 4 and next year’s Kindle is slated, we believe, for OMAP 5. We believe that program is well along to completion and do not expect that the termination of OMAP will disrupt those plans,” said Longbow Research analyst JoAnne Feeney.

Amazon had reportedly been in talks to buy the mobile part of OMAP.

TI said it expects to take charges of about $ 325 million related to the job cuts and other cost reduction measures, most of which will be accounted for in the current quarter. Its previously announced financial targets for the fourth quarter do not include these costs, TI said.

The company, which has 35,000 employees around the world, expects annualized savings of about $ 450 million by the end of 2013 from the action.

TI shares rose to $ 29 in after-hours trading after closing at $ 28.76, down 2 percent on Nasdaq.

(Reporting By Sinead Carew in New York and Noel Randewich in San Francisco; editing by Carol Bishopric)

Tech News Headlines – Yahoo! News

Read More..

Guy Fieri Defends Restaurant After New York Times Attack

By Stephen M. Silverman

11/15/2012 at 08:15 AM EST

After being fricasseed by The New York Times in a blistering restaurant review that a chef wouldn't wish upon his worst enemy, Guy Fieri says he's not canceling his subscription to the paper.

But the Food Network's Diners, Drive-Ins and Dives host – the 10th highest-paid chef in the country – is not taking the Times attack by food critic Pete Wells lying down, either.

"I just thought it was ridiculous," Fieri said on Thursday's Today show, after flying all night to appear on the program to defend his 2-month-old Guy's American Kitchen & Bar in Times Square, the target of Wells's scathing attack.

"I've read reviews. There's good and there's bad in the restaurant business," Fieri said. "That one went overboard."

The review lit up Facebook and Twitter as Wells skewered the service, food and drinks – one of which, a blue concoction (a margarita, actually), was likened to nuclear waste.

"And when we hear the words Donkey Sauce," Wells asked in his critique, written after four visits to the establishment, "which part of the donkey are we supposed to think about?"

"I've been in the restaurant business 25 years. Do we do it perfect? No. Do we strive to do it perfect? Yes," said Fieri, adding that Wells "came in with a different agenda."

Interviewer Savannah Guthrie pointed out that reviews of Guy's American Kitchen & Bar on Yelp were only mediocre at best, averaging two and a half stars out of a possible five. But Fieri replied, "People see me as a TV guy. I'm really a chef," and said of his restaurant, "I think that will change. It's two months now. Let's see where it is in six months."

Insisting that the restaurant – all 500 seats of it – is his heart and soul, Fieri went on say, "Do I think I've fallen short? By no means. [But] do we make mistakes? Absolutely."

Read More..

Ireland probes death of ill abortion-seeker

DUBLIN (AP) — The debate over legalizing abortion in Ireland flared Wednesday after the government confirmed a miscarrying woman suffering from blood poisoning was refused a quick termination of her pregnancy and died in an Irish hospital.

Prime Minister Enda Kenny said he was awaiting findings from three investigations into the death of Savita Halappanavar, an Indian living in Galway since 2008 who was 17 weeks along in her pregnancy. The 31-year-old's case highlights the bizarre legal limbo in which pregnant women facing severe health problems in predominantly Catholic Ireland can find themselves.

Ireland's constitution officially bans abortion, but a 1992 Supreme Court ruling found it should be legalized for situations when the woman's life is at risk from continuing the pregnancy. Five governments since have refused to pass a law resolving the confusion, leaving Irish hospitals reluctant to terminate pregnancies except in the most obviously life-threatening circumstances.

University Hospital Galway in western Ireland declined to say whether doctors believed Halappanavar's blood poisoning could have been reversed had she received an abortion rather than wait for the fetus to die on its own. In a statement it described its own investigation into the death, and a parallel probe by the national government's Health Service Executive, as "standard practice" whenever a pregnant woman dies in a hospital. The Galway coroner also planned a public inquest.

Savita Halappanavar's husband, Praveen, said doctors determined that she was miscarrying within hours of her hospitalization for severe pain on Sunday, Oct. 21. He said that over the next three days doctors refused their requests for a termination of her fetus to combat her own surging pain and fading health.

"Savita was really in agony. She was very upset, but she accepted she was losing the baby," he told The Irish Times in a telephone interview from Belgaum, southwest India. "When the consultant came on the ward rounds on Monday morning, Savita asked: 'If they could not save the baby, could they induce to end the pregnancy?' The consultant said: 'As long as there is a fetal heartbeat, we can't do anything.'"

"Again on Tuesday morning ... the consultant said it was the law, that this is a Catholic country. Savita said: "I am neither Irish nor Catholic," but they said there was nothing they could do," Praveen Halappanavar was quoted as saying.

He said his wife vomited repeatedly and collapsed in a restroom that night, but doctors wouldn't terminate the fetus because its heart was still beating.

The fetus died the following day and its remains were surgically removed. Within hours, Praveen Halappanavar said, his wife was placed under sedation in intensive care with systemic blood poisoning and he was never able to speak with her again. By Saturday her heart, kidneys and liver had stopped working and she was pronounced dead early Sunday, Oct. 28.

Praveen Halappanavar said he took his wife's remains back to India for a Hindu funeral and cremation Nov. 3. News of the circumstances that led to her death emerged Tuesday in Galway after the Indian community canceled the city's annual Diwali festival. Savita Halappanavar, a dentist, had been one of the festival's main organizers.

Opposition politicians appealed Wednesday for Kenny's government to introduce legislation immediately to make the 1992 Supreme Court judgment part of statutory law. Barring any such bill, the only legislation defining the illegality of abortion in Ireland dates to 1861 when the entire island was part of the United Kingdom. That British law, still valid here due to Irish inaction on the matter, states it is a crime to "procure a miscarriage."

Read More..

Cisco leads Wall Street higher at open

NEW YORK (Reuters) - Stocks climbed on Wednesday, lifted by strong earnings from technology bellwether Cisco, but equities struggled to hold onto solid gains after a series of weak sessions.

The S&P 500 has fallen 3.8 percent over the previous five trading days, with most of the losses driven by uncertainty over the looming U.S. "fiscal cliff" and concerns about Europe's economic troubles. Trading has been volatile, with positive momentum difficult to sustain.

The index closed below its 200-day moving average for a fourth day in a row on Tuesday, a technical indicator that suggests recent declines could gain momentum.

"We're rebounding a bit today, thanks to the good news from Cisco, but the key will be whether we can hold or if we fade going into the close like we did yesterday," said Paul Nolte, managing director at Dearborn Partners in Chicago. "If we can't hold these gains, the tenor of the market will remain negative."

Dow component Cisco Systems Inc reported first-quarter earnings and revenue late Tuesday that beat expectations, sending the stock leaping 7 percent to $18.04. Technology shares <.gspt> were the strongest on the day, up 0.7 percent.

The technology sector has been weak lately, dropping almost 10 percent over the past two months on earnings disappointments from Google and others. It was the worst-performing sector on Tuesday.

The Dow Jones industrial average <.dji> was up 7.14 points, or 0.06 percent, at 12,763.32. The Standard & Poor's 500 Index <.spx> was up 2.90 points, or 0.21 percent, at 1,377.43. The Nasdaq Composite Index <.ixic> was up 13.32 points, or 0.46 percent, at 2,897.21.

Also in earnings news, Abercrombie & Fitch Co soared 30 percent to $40.82 after reporting a steep rise in its quarterly profit and a full-year forecast that beat analysts' estimates. Staples Inc rose 4.4 percent to $11.75 after posting earnings that beat expectations.

Abercrombie, Cisco and Staples made up the top three percentage gainers on the S&P 500. Still, broader trading will likely be partially dictated by macroeconomic issues as investors grapple with the impact of Europe's debt crisis and the U.S. fiscal cliff - a series of large, mandated tax hikes and spending cuts that start to take effect next year.

Analysts say serious fiscal negotiations are still weeks away, but that the failure to reach a deal in Congress could tip the world's largest economy into recession.

Retail sales fell 0.3 percent in October, hurt by the impact of a recent devastating storm in the U.S. northeast. The drop was slightly more than expected but stocks barely reacted to the data. Producer prices fell 0.2 percent in October, compared with expectations for a 0.2 percent rise.

European shares <.fteu3> fell 0.4 percent as Greece's unresolved crisis raised questions about the region's potential for economic growth, while anti-austerity strikes across southern Europe added to concerns that fiscal reforms would be politically difficult to implement.

(Editing by Bernadette Baum)

Read More..

France recognizes new Syria opposition, U.S. hangs back

BEIRUT (Reuters) - France became the first Western power to recognize a fledgling Syrian opposition coalition fully, stepping out beyond the United States, which said on Wednesday the body must first show its clout inside Syria.

Six Gulf Arab states recognized the Syrian National Coalition for Opposition and Revolutionary Forces on Monday and France followed suit the next day, unlike its European partners.

President Francois Hollande's decisive posture on Syria recalled that of his predecessor Nicolas Sarkozy on Libya last year, when France led calls for NATO action to protect civilians which effectively helped Libyan rebels topple Muammar Gaddafi.

The European Union bans arms sales to Syria, but Hollande said the question of arming rebels would be examined when the coalition formed a transitional government. Paris had previously ruled this out, fearing arms could reach Islamist militants.

U.S. Secretary of State Hillary Clinton said the formation of the coalition, which supersedes the widely discredited Syrian National Council as the face of the Syrian opposition, was an important step, but did not offer it full recognition or arms.

"We have long called for this kind of organization. We want to see that momentum maintained," Clinton told reporters in the Australian city of Perth. "As the Syrian opposition takes these steps and demonstrates its effectiveness in advancing the cause of a unified, democratic, pluralistic Syria, we will be prepared to work with them to deliver assistance to the Syrian people."

Suhair al-Atassi, a vice president of the new coalition, said that once it had proved it represents "revolutionary forces" on the ground, there would be no excuse for Western powers not to provide some form of military backing.

"The ball now is in the international community's court," she told Reuters in an interview in Dubai, blaming Western reticence to arm the rebels for the rise of extremism in Syria.

"There is no more excuse to say we are waiting to see how efficient this new body is. They used to put the opposition to the test. Now we put them to the test," she declared.

AIR STRIKE NEAR TURKEY

Syrian insurgents have few weapons against Assad's air force and artillery, which can pound rebel-held territory at will.

A Syrian warplane bombed the town of Ras al-Ain near the Turkish border again on Wednesday, rocking buildings on the frontier and sending up huge plumes of smoke, in the latest of several attacks since rebels captured the town last week.

After 20 months of a conflict that has killed more than 38,000 people, fragmented Syrian opposition groups struck a deal in Qatar on Sunday to form a coalition led by Damascus preacher Mouaz Alkhatib, who has appealed for international recognition.

Arab League and EU foreign ministers meeting in Cairo on Tuesday welcomed the coalition's formation as an important step, but did not recognize it as Syria's sole authority.

France, however, went ahead on its own. Hollande told a news conference in the French capital that Paris recognized the new Syrian national coalition "as the sole legitimate representative of the Syrian people and as future government of a democratic Syria making it possible to bring an end to Bashar al-Assad's regime".

Clinton announced an extra $30 million in aid to those affected by the war in Syria, to be delivered via the United Nations' World Food Programme, which is supplying food to more than a million people in Syria and to 408,000 Syrian refugees.

The United States says it is providing only humanitarian aid and non-lethal assistance to Assad's opponents, it acknowledges that some of its allies are arming rebels - something which Russia says shows Western powers want to decide Syria's future.

Russia and China have blocked any U.N. Security Council action on Syria, prompting Washington and its allies to say they could move beyond U.N. structures for their next steps.

So far, concerted action on Syria has been thwarted by divisions within the opposition, as well as by big power rivalries and a regional divide between Sunni Muslim foes of Assad and his Shi'ite allies in Iran and Lebanon.

An Iranian revolutionary guard general blamed Western, Turkish and Arab meddling for the bloodshed in Syria.

"They must leave the government and people of Syria alone so they can take the necessary decision about the kind of government in Syria," Brigadier-General Massoud Jazayeri was quoted as saying by the semi-official Fars news agency.

China also said Syrians should determine their own future.

"A political transition process guided by the Syrian people should be initiated and pushed forward as soon as possible, to realize an appropriate peaceful and just resolution," Foreign Ministry spokesman Hong Lei said.

(Additional reporting by John Irish in Paris, David Brunnstrom in Perth, Australia, Rania El Gamal in Dubai, Ben Blanchard in Beijing, Yasmine Saleh in Cairo and Jonathon Burch in Ceylanpinar, Turkey; Writing by Alistair Lyon; Editing by Jon Boyle)

Read More..

Microsoft and Google financials could surface at trial

(Reuters) – Microsoft and Google‘s Motorola Mobility unit squared off on Tuesday at a trial with strategic implications for the smartphone patent wars and which could reveal financial information the two companies usually keep under wraps.

The proceeding in a Seattle federal court will determine how much of a royalty Microsoft Corp should pay Google Inc for a license to some of Motorola‘s patents. Google bought Motorola for $ 12.5 billion, partly for its library of communications patents.

If U.S. District Judge James Robart decides Google deserves only a small royalty, then its Motorola patents would be a weaker bargaining chip for Google to negotiate licensing deals with rivals.

Apple Inc and Microsoft have been litigating in courts around the world against Google and partners like Samsung Electronics Co Ltd, which use the Android operating system on their mobile devices.

Apple contends that Android is basically a copy of its iOS smartphone software, and Microsoft holds patents that it contends cover a number of Android features.

Motorola had sought up to $ 4 billion a year for its wireless and video patents, while Microsoft argues its rival deserves just over $ 1 million a year. A federal judge in Wisconsin last week threw out a similar case brought by Apple against Google just before trial.

In court on Tuesday Microsoft called Jon DeVaan, a veteran software manager in the Windows division, as its first witness. He said Motorola‘s wireless and video patents at issue covered only a small part of the overall Windows architecture.

During the run-up to trial in Seattle, both Microsoft and Google asked Robart to keep secret a range of financial details about the two companies, including licensing deals and sales revenue projections. Google requested that Robart clear the courtroom when witnesses discuss those details.

However, in an order on Monday, Robart rejected that request. The public will not be able to view the documents describing patent deals or company sales during trial, Robart ruled, but testimony will be in open court.

“If a witness discloses pertinent terms, rates or payments, such information will necessarily be made public,” the judge wrote.

Additionally, any documents the judge relies on for his final opinion will be disclosed, Robart wrote on Monday.

Before trial began on Tuesday, Robart said in court that he wanted to take the most “expansive” interpretation of the public’s right to know. Several outside companies besides Microsoft and Motorola, like Research in Motion Inc, have also asked him to keep secret their royalty deals.

Robart said he would consider a request to refer to those third party companies by code names, known only to the lawyers and the judge.

The case in U.S. District Court, Western District of Washington is Microsoft Corp. vs. Motorola Inc., 10-cv-1823.

(Reporting By Bill Rigby in Seattle and Dan Levine in San Francisco; editing by Jim Marshall and Carol Bishopric)

Wireless News Headlines – Yahoo! News

Read More..

James Van Der Beek Exposes What It's Like to Ride a Horse Bottomless

By Andrea Billups

11/14/2012 at 09:50 AM EST

The horse didn't seem to mind, but for the actor, climbing aboard and posing naked was a bit awkward.

"I’m not going to lie. I’ve never ridden bareback on a horse, let alone without pants, so that was new," James Van Der Beek – referring to Tuesday's special Sexiest Man Alive episode of his ABC sitcom Don't Trust the B–– in Apt. 23 – told PEOPLE at Tuesday's GQ magazine's 2012 Men of the Year Party, held at Hollywood's Chateau Marmont.

The episode, in which Van Der Beek ends up as PEOPLE's sexy cover guy after a prank is pulled on the magazine staff by the character Chloe (Krysten Ritter), featured a photo layout of the actor wearing only a shirt as he rides a horse.

"One shower later, it all was good," said the real Van Der Beek.

As the camera captured the moment, the actor's wife Kimberly Van Der Beek watched the nearly naked shoot – and described it as "surreal."

As for the photo subject himself, Van Der Beek, 35, said: "It was a lot of fun to do something that is tied to something so culturally relevant. "And just to ... drag PEOPLE into our own demented world on the show, and have you guys be such great sports about it, was a lot of fun."

So did his wife find it at all sexy, a nude ride on horseback? Not exactly, she said. She was more worried about his safety.

"I don't how sexy it is when there's, like, 30 people around," said Kimberly. "You have to be careful about how you're getting on that horse! I was more concerned."

');
var bchtml = ''
+ ''
+ '';
$('#bcPlayer' + brightcovevideoid).append(bchtml);

Read More..

British medical journal slams Roche on Tamiflu

LONDON (AP) — A leading British medical journal is asking the drug maker Roche to release all its data on Tamiflu, claiming there is no evidence the drug can actually stop the flu.

The drug has been stockpiled by dozens of governments worldwide in case of a global flu outbreak and was widely used during the 2009 swine flu pandemic.

On Monday, one of the researchers linked to the BMJ journal called for European governments to sue Roche.

"I suggest we boycott Roche's products until they publish missing Tamiflu data," wrote Peter Gotzsche, leader of the Nordic Cochrane Centre in Copenhagen. He said governments should take legal action against Roche to get the money back that was "needlessly" spent on stockpiling Tamiflu.

Last year, Tamiflu was included in a list of "essential medicines" by the World Health Organization, a list that often prompts governments or donor agencies to buy the drug.

Tamiflu is used to treat both seasonal flu and new flu viruses like bird flu or swine flu. WHO spokesman Gregory Hartl said the agency had enough proof to warrant its use for unusual influenza viruses, like bird flu.

"We do have substantive evidence it can stop or hinder progression to severe disease like pneumonia," he said.

In the U.S., the Centers for Disease Control and Prevention recommends Tamiflu as one of two medications for treating regular flu. The other is GlaxoSmithKline's Relenza. The CDC says such antivirals can shorten the duration of symptoms and reduce the risk of complications and hospitalization.

In 2009, the BMJ and researchers at the Nordic Cochrane Centre asked Roche to make all its Tamiflu data available. At the time, Cochrane Centre scientists were commissioned by Britain to evaluate flu drugs. They found no proof that Tamiflu reduced the number of complications in people with influenza.

"Despite a public promise to release (internal company reports) for each (Tamiflu) trial...Roche has stonewalled," BMJ editor Fiona Godlee wrote in an editorial last month.

In a statement, Roche said it had complied with all legal requirements on publishing data and provided Gotzsche and his colleagues with 3,200 pages of information to answer their questions.

"Roche has made full clinical study data ... available to national health authorities according to their various requirements, so they can conduct their own analyses," the company said.

Roche says it doesn't usually release patient-level data available due to legal or confidentiality constraints. It said it did not provide the requested data to the scientists because they refused to sign a confidentiality agreement.

Roche is also being investigated by the European Medicines Agency for not properly reporting side effects, including possible deaths, for 19 drugs including Tamiflu that were used in about 80,000 patients in the U.S.

____

Online:

www.bmj.com.tamiflu/

Read More..

Wall Street pares early losses on Home Depot

'},"otherParams":{"t_e":1,".intl":"US"},"events":{"fetch":{lv:2,"sp":"2022398630","ps":"LREC,MON","npv":true,"bg":"#FFFFFF","em":escape('{"site-attribute":"_id=\'92988cfc-4770-3060-86c4-a77f67a2aaa6\' rs=\'lmsid:a0770000002GZ5iAAG\' ctype=\'News\' ctopid=\'1542500;1550000\' can_suppress_ugc=\'1\' content=\'no_expandable;ajax_cert_expandable;\' ADSSA"}'),"em_orig":escape('{"site-attribute":"_id=\'92988cfc-4770-3060-86c4-a77f67a2aaa6\' rs=\'lmsid:a0770000002GZ5iAAG\' ctype=\'News\' ctopid=\'1542500;1550000\' can_suppress_ugc=\'1\' content=\'no_expandable;ajax_cert_expandable;\' ADSSA"}')}}};var _createNodes=function(){var nIds=_conf.nodeIds;for(var i in nIds){var nId=nIds[i];var dId=_conf.destinationMap[nIds[i].replace("yom-","")];n=Y.one("#"+nId);if(n)var center=n.one("center");var node=Y.one("#"+dId);var nodeHTML;if(center && !node){nodeHTML=_conf.nodes[nId];center.insert(nodeHTML);};};};var _prepareNodes=function(){var nIds=_conf.nodeIds;for(var i in nIds){var nId=nIds[i];var dId=_conf.destinationMap[nIds[i].replace("yom-ad-","")];n=Y.one("#"+nId);if(n)var center=n.one("center");var node=Y.one("#"+dId);if(center && node){center.set("innerHTML","");center.insert(node);node.setStyle("display","block");};};};var _darla;var _config=function(){if(YAHOO.ads.darla){_darla = YAHOO.ads.darla;_createNodes();};};var _fetch=function(spaceid,adssa,ps){
if (typeof(ps)!='undefined')
_conf.events.fetch.ps = ps;if(typeof spaceid != "undefined") _conf.events.fetch.sp=spaceid;adssa = (typeof adssa != "undefined" && adssa != null) ? escape(adssa.replace(/\"/g, "'")) : "";_conf.events.fetch.em=_conf.events.fetch.em_orig.replace("ADSSA", adssa);if(_darla){_prepareNodes();_darla.setConfig(_conf);_darla.event("fetch");};};Y.on("domready", function(){_config();});;var that={"fetch":_fetch,"getNodes":_conf.nodes,"getConf":_conf};return that;}();/* Backwards compatibility - Assigning the latest instance to the main fetch function */YUI.PhotoAdsDarla.fetch=YUI.PhotoAdsDarla.photoslightboxdarla.fetch;
});
Y.later(10, this, function() {YAHOO.namespace('Media.Social').Lightbox = {};
});
Y.later(10, this, function() {Y.Media.Article.init();
});
Y.later(10, this, function() {new Y.Media.AuthorBadge();
});
Y.later(10, this, function() {new Y.Media.Branding();
});
Y.later(10, this, function() {Y.on("load", function () {
YUI.namespace("Media.SocialButtons");

var instances = YUI.Media.SocialButtons.instances || [],
globalConf = YAHOO.Media.SocialButtons.conf || {},
vplContainers = [];

Y.all(".ymsb").each(function (node) {
var id = node.get("id"),
conf = YAHOO.Media.SocialButtons.configs[id],
instance;

if (conf) {
instance = new Y.SocialButtons({
srcNode: node,
config: Y.merge(globalConf, conf.config || {}),
contentMetadata: conf.content || {},
tracking: conf.tracking || {}
});
vplContainers.push(
{
selector: "#" + id,
callback: function(node) { instance.render(); instance = conf = id = null; }
});

if (conf.config && conf.config.dynamic) {
instances.push(instance);
}
}
});

Y.Global.Media.ViewportLoader.addContainers(vplContainers);
YUI.Media.SocialButtons.instances = instances;
});
});
Y.later(10, this, function() {if (!Y.Media) {

return;

}

Y.Media.boba_lightbox_module_targets = Y.Media.boba_lightbox_module_targets || {};

Y.Media.boba_lightbox_module_configs = Y.Media.boba_lightbox_module_configs || {};

Y.Media.boba_lightbox_module_dataset = Y.Media.boba_lightbox_module_dataset || {};

Y.Media.boba_lightbox_module_whitelist = Y.Media.boba_lightbox_module_whitelist || {};


Y.Media.boba_lightbox_module_targets['lightbox3631b2c432a93b5afb10b686e1eecfd4'] = {"lightboxId":"a91e89cc53a3f52dc6320d09aad48d2f","pivotId":"7c747473-1467-3625-8ab9-0c578774c86e"};


Y.Media.boba_lightbox_module_dataset['a91e89cc53a3f52dc6320d09aad48d2f'] = {"spaceid":"2022398630","total":1,"photoby":"Photo By","xhrtype":"slideshow","videoconf":{"autoplay":true,"continuousPlay":true,"mute":false,"volume":"1.00","lang":"en-US","site":"news","region":"US","jurisdiction":"US","YVAP":{"accountId":"145","playContext":"default"},"pageSpaceId":"2022398630","comscoreC4":"US News","comscoreC6":"","showEmbedCode":true,"showShareUrl":true,"expName":"MediaArticleRelatedLightbox","expType":"inline","apiEnv":"prod"},"slideshow_id":null,"slideshow_title":null,"slideshow_title_baked_html":null,"slideshow_desc":null,"slideshow_rev":null,"slideshow_plink_vita":null,"photos":[{"type":"image","url":"http:\/\/l3.yimg.com\/bt\/api\/res\/1.2\/PJN9IJN0dUi4nHCulko8IQ--\/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD0zMjY7cT03OTt3PTQ1MA--\/http:\/\/media.zenfs.com\/en_us\/News\/Reuters\/2012-11-13T124523Z_6_CBRE8AB0UHT00_RTROPTP_2_MARKETS-STOCKS.JPG","width":450,"height":326,"uuid":"7c747473-1467-3625-8ab9-0c578774c86e","caption":"Traders work on the floor of the New York Stock Exchange, November 9, 2012. REUTERS\/Brendan McDermid","captionBakedHtml":"

Traders work on the floor of the New York Stock Exchange, November 9, 2012. REUTERS\/Brendan McDermid","date":"Tue, Nov 13, 2012 7:50 AM EST","credit":"Reuters","byline":"BRENDAN MCDERMID","provider":"Reuters","photo_title":"Traders work on the floor of the New York Stock Exchange","pivot_alias_id":"traders-floor-york-stock-exchange-photo-122255441--finance","plink":"\/photos\/traders-floor-york-stock-exchange-photo-122255441--finance.html","plink_vita":"http:\/\/news.yahoo.com\/photos\/traders-floor-york-stock-exchange-photo-122255441--finance.html","srchtrm":"Traders work on the floor of the New York Stock Exchange","revsp":"","rev":"ba1253c0-2d90-11e2-afac-8af70772c279","surl":"http:\/\/l1.yimg.com\/bt\/api\/res\/1.2\/vnbCX.TpFsmzs06v3Sw1OA--\/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD01NjtxPTc5O3c9Nzc-\/http:\/\/media.zenfs.com\/en_us\/News\/Reuters\/2012-11-13T124523Z_6_CBRE8AB0UHT00_RTROPTP_2_MARKETS-STOCKS.JPG","swidth":77,"sheight":56}]};

Y.Media.boba_lightbox_module_configs['a91e89cc53a3f52dc6320d09aad48d2f'] = {"spaceid":"2022398630","ult_pt":"story-lightbox","darla_id":"","images_total":0,"xhr_url":"\/_xhr\/related-article\/lightbox\/?id=92988cfc-4770-3060-86c4-a77f67a2aaa6","xhr_count":20,"autoplay_if_first_item_is_video":true};
});
Y.later(10, this, function() {new Y.Media.RelatedArticle({count:"2",start:"1",
mod_total:"10", total:"0",
content_id:"92988cfc-4770-3060-86c4-a77f67a2aaa6",
spaceid:"2022398630",
related_count:"-1"
});
});
Y.later(10, this, function() {(function(d){
d.getElementsByTagName('head')[0].appendChild(d.createElement('script')).src='http://d.yimg.com/oq/js/csc_news-en-US-core.js';
})(document);
});
Y.later(10, this, function() {
if(!("Media" in YAHOO)){YAHOO.Media = {};}
if(!("ugcrate" in YAHOO.Media)){YAHOO.Media.ugcrate = {};}
if(!("Media" in Y)){Y.namespace("Media");}
YAHOO.Media.ugcrate.ratings_ce1f470bc236c87bbaac0652e7ea081c = new Y.Media.UgcRate({"context_id":"1b1f38ea-85f3-4829-9e56-8f8a5d659d43","sCrumb":"","containerId":"yom-sentimentrate-ce1f470bc236c87bbaac0652e7ea081c","rateDimensions":"d1","appLang":"en-US","sUltSId":"2022398630","sUltProperty":"news-en-US","sUltCampaign":"","sUltPlatform":"ugcwidgets","sUltIntl":"US","sUltLang":"en-US","selfPageUrl":"http:\/\/news.yahoo.com\/stock-futures-fall-fiscal-cliff-home-depot-rises-122255577--sector.html?_esi=0","artContentId":"92988cfc-4770-3060-86c4-a77f67a2aaa6","sUltQstnTxt":"Who do you think won the second debate?","artContentTitle":"Wall Street pares early losses on Home Depot","artContentDesc":"NEW YORK (Reuters) - Stocks pared initial declines and the Dow briefly turned positive on Tuesday, led by gains in Home Depot after the home improvement retailer posted solid quarterly earnings. The Dow Jones industrial average shed 9.02 points, or 0.07 percent, to 12,806.06. The Standard & Poor\\'s 500 Index lost 2.74 points, or 0.20 percent, to 1,377.29. The Nasdaq Composite Index dropped 13.49 points, or 0.46 percent, to 2,890.77. (Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)","sUltBucketId":"test1","sUltSection":"sentirating","sUltBeaconUrl":"","sUltRecordPageviews":"1","sUltBeaconEnable":"1","serviceUrl":"\/_xhr","publisherContextId":"","propertyId":"2fcd79b5-b3a3-333e-b98e-722536a6698f","configurationId":"435db9ee-c55e-3766-b20d-c8ad3ff889d1","graphId":"","labelLeft":"Barack Obama","labelRight":"Mitt Romney","labelMiddle":"","itemimg":"http:\/\/l.yimg.com\/a\/i\/ww\/met\/yahoo_logo_us_061509.png","selfURI":"","aggregateRatingCount":"767561","aggregateReviewCount":"0","leftBlocksNum":"467716","rightBlocksNum":"299860","leftBlocksPerCent":"61","rightBlocksPerCent":"39","ugcrate_apihost":"api01-us.ugcl.yahoo.com:4080","publisher_id":"news-en-US","yca_cert":"yahoo.ugccloud.app.trusted_proxies","timeout_write":"5000","through_proxy":"false","optionStats":"{\"s1\":403808,\"s2\":14224,\"s3\":14716,\"s4\":20809,\"s5\":14159,\"s6\":299860,\"s7\":0,\"s8\":0,\"s9\":0,\"s10\":0}","l10N":"{\"FIRST_TO_READ\":\"You are first to read this. Share your feelings and start a conversation.\",\"SHARE_YOUR_FEELINGS\":\"You too can share your feelings and start a conversation!\",\"HOW_YOUR_FRIENDS_THINK\":\"Thank you for sharing your feeling on this article!\",\"PRE_SHARE_MSG\":\"Your Facebook friends on Yahoo! can see how you responded. To share your response on Facebook, click on the Facebook share option.\",\"START_THE_CONVERSATION\":\"Start the Conversation\",\"THANKS_FOR_SHARING\":\"Sure, that's how you feel... But what do your friends think?\",\"POLL_HEADER\":\"SOCIAL SENTIMENT\",\"SERVER_ERROR\":\"Oops there seems to be some error, please try again later\",\"LOADING\":\"Loading...\",\"SHARE_AFTER_COMMENT\":\"Your response has been shared on Facebook.\",\"UNDO\":\"Undo\",\"UNIT_PEOPLE\":\"People\",\"NUM_PEOPLE_DISAGREE\":\"disagree with your opinion.\",\"READ_MORE_TEXT\":\"Read what they have to say.\",\"SLIDER_THUMB_WORDING_BEFORE_VOTING\":\"WHAT DO YOU THINK?\",\"SLIDER_THUMB_WORDING_VERB_BEFORE_VOTING\":\"DRAG\",\"SLIDER_THUMB_WORDING_THANKS_VOTING\":\"Thanks for voting\",\"NUM_PEOPLE_ANSWERED\":\" 767,561 people have responded\",\"ONE_PERSON_ANSWERED\":\" 1 person has responded. Your response will be seen by your Facebook friends on Yahoo!\",\"TWO_PEOPLE_ANSWERED\":\" 2 people have responded. Your response will be seen by your Facebook friends on Yahoo!\",\"NUM_PEOPLE_ANSWERED_AND_SHARED\":\" 767,561 people have responded. Your response will be seen by your Facebook friends on Yahoo!\",\"NUM_PEOPLE_RATED__s1\":403808,\"NUM_PEOPLE_RATED__s2\":14224,\"NUM_PEOPLE_RATED__s3\":14716,\"NUM_PEOPLE_RATED__s4\":20809,\"NUM_PEOPLE_RATED__s5\":14159,\"NUM_PEOPLE_RATED__s6\":299860,\"NUM_PEOPLE_RATED__s7\":0,\"NUM_PEOPLE_RATED__s8\":0,\"NUM_PEOPLE_RATED__s9\":0,\"NUM_PEOPLE_RATED__s10\":0}","fbconfig":"{\"message\":\"undefined\",\"name\":\"undefined\",\"link\":\"\",\"source\":\"\",\"picture\":\"http:\\\/\\\/l.yimg.com\\\/a\\\/i\\\/ww\\\/news\\\/2011\\\/09\\\/27\\\/yahoo-tc.jpg\",\"description\":\"\",\"captionLeft\":\"undefined\",\"captionRight\":\"undefined\",\"app_id\":\"196660913708276\",\"redirect_uri\":\"\\\/_xhr\\\/ugcratefbredirect\\\/\"}","template_id":"LONG_SLIDER_SOUTH","obj_id":"ratings_ce1f470bc236c87bbaac0652e7ea081c","opt_count":"6","opt_color1":"","opt_color2":"","template_html":"

Read More..