Why Google Isn’t Scared of Facebook’s Graph Search

Facebook may have just released a major search product that many are saying “declares war” on Google or may at least put the social network “on a collision course” with the search giant, but Google CEO Larry Page doesn’t sound all that worried about the new competition. Because who said Facebook and Google couldn’t get along someday? In an interview for the new issue of Wired published just two days after Facebook’s Graph Search came out to so-so reviews, Page tells Steve Levy that Facebook is “doing a really bad job on their products.” But before you laugh off that swipe — Google Buzz flopped, Google killed Reader, and Google+ has a loyal but relatively small user base — Page wants to remind everyone that Facebook isn’t direct competition, that these two Silicon Valley giants are too big for either to fail. “We’re actually doing something different,” Page tells Levy. “I think it’s outrageous to say that there’s only space for one company in these areas.”

RELATED: Three Things Google+ Can Learn from Myspace

That’s not to say Page isn’t making Google go social, or that Facebook isn’t in his rearview mirror. Facebook CEO Mark Zuckerberg has long talked about the rise of social search, and Page has taken a vested interest of late in getting people to use Google+ — even if they don’t want to. In an attempt to conquer the space, direct orders from Page forcefully integrated Google’s social network into its main search results… and pretty much everywhere else its products touch. If it were up to Larry Page, Google would require a Google+ account just to read reviews. His evaluation of Google+ as it stands? “I’m very happy with how it has gone. We’re working on a lot of really cool stuff. A lot of it has been copied by our competitors, so I think we’re doing a good job.”

RELATED: FTC Is Officially Looking into Google’s Self-Promoting Search Features

Critics might beg to differ — Google+ is often referred to as a lesser “Facebook copycat” from the search king — but critics are now comparing Facebook’s search product (which was announced before the Wired interview with Page was conducted) to Google’s main offering. And from a product standpoint, Facebook may have yet to train its users to give Graph Search what it needs to be great. Furthermore, business analysts seem to agree that Facebook’s social recommendation engine won’t hurt Google’s core business … in the near future. But Zuckerberg said at Tuesday’s announcement that Facebook wasn’t focused on the business side of Graph Search just now — even if it does offer huge advertising potential. At the same time, Graph Search could take away eyeballs (and ad dollars) from Google. If Facebook, with its friend-powered engine, ends up giving “better” results than Google for recommendations on restaurants, travel, books, music, and movies — a domination Google is still fighting anti-trust charges over — then why end up Googling at all?

RELATED: The New Google+ Aims to Perfect Procrastination

Well, even Page might think Facebook and Google can complement each other — sort of. To wit, he asked Levy: “For us to succeed, is it necessary for some other company to fail? No.” As Zuckerberg said on Tuesday, “our mission is to make the world more open” by giving people tools to connect. And Google’s stated mission ”is to organize the world’s information and make it universally accessible and useful.” Are those so similar that they can’t get along? After all, that could be the future of search: You go to Facebook to see what your friends and the people you trust have to say, and then you head to Google for the facts. Of course, neither Facebook or Google wants the future that way, exactly: Facebook has actually teamed up with Microsoft to complement Graph Search, sending people to Bing for those fact-finding, Google-style queries; Google, meanwhile, as Google+ as its social-search equivalent of Graph Searching. And users don’t really want to go to so many different places for basic information that’s built to make their lives easier. Part of the reason people have stuck with Google, despite all of its privacy and anti-trust issues, is that the company’s ultimately done a really good job on their products — GMail, Google Drive, Reader, and their fellow “apps” have become an integral part of our Internet lives. Facebook wants that role, and if social search ends up working — well, then why not chat on Facebook, email (and make phone calls) with Messenger, sext with Poke, and read your news via the News Feed? 

RELATED: Why Google Really Wants You to Use Google+ This Year

Of course, Page said all this stuff weeks ago. And who knows how Graph Search is going over at Google headquarters. Maybe he just he meant a different product that was so… bad. Or maybe he really just doesn’t get Poke? Either way, Larry Page knew this fight was coming. The whole world did.

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Barbara Walters Hospitalized After Inauguration Weekend Fall

By Andrea Billups

01/21/2013 at 09:30 AM EST

Barbara Walters

Mark VonHolden/DMIPhoto.com/FilmMagic

The Inauguration festivities took a tough turn for at least one veteran newswoman.

Barbara Walters, 83, fell Saturday night on a step at the residence of the British Ambassador to the United States, Peter Westmacott, and was hospitalized, the Associated Press reported.

ABC spokesman Jeffrey Schneider said Walters, who cut her forehead, was taken to a Washington, D.C., hospital for treatment and was alert after the fall, "telling everyone what to do, which we all take as a very positive sign," he said.

Walters had been scheduled to contribute to ABC's coverage of the second-term inauguration of President Barack Obama, who is set to give a speech during formal ceremonies Monday.

Walters, who made history in 1976 when she become the first female network anchor to earn a $1 million salary, has remained vibrant after more than 30 years in the news business. Her show, The View, which she created in 1997, has continued to be a hit along with her annual special, The 10 Most Fascinating People.

In May 2010, Walters underwent successful heart surgery, and returned to The View in September of that year, pronouncing herself "fine."

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More than 140 nations adopt treaty to cut mercury

GENEVA (AP) — A new and legally binding international treaty to reduce harmful emissions of mercury was adopted Saturday by more than 140 nations, capping four years of difficult negotiations but stopping short of some of the tougher measures that proponents had envisioned.

The new accord aims to cut mercury pollution from mining, utility plants and a host of products and industrial processes, by setting enforceable limits and encouraging shifts to alternatives in which mercury is not used, released or emitted.

Mercury, known to be a poison for centuries, is natural element that cannot be created or destroyed. It is released into the air, water and land from small-scale artisanal gold mining, coal-powered plants, and from discarded electronic or consumer products such as electrical switches, thermostats and dental amalgam fillings. Mercury compound goes into batteries, paints and skin-lightening creams.

Because it concentrates and accumulates in fish and goes up the food chain, mercury poses the greatest risk of nerve damage to pregnant women, women of child-bearing age and young children. The World Health Organization has said there are no safe limits for the consumption of mercury and its compounds, which can also cause brain and kidney damage, memory loss and language impairment.

A decade ago, Switzerland and Norway began pushing for an international treaty to limit mercury emissions, a process that culminated in the adoption of an accord Saturday after an all-night session that capped a weeklong conference in Geneva and previous such sessions over the past four years.

"It will help us to protect human health and the environment all over the world," Swiss environment ambassador Franz Perrez told a news conference.

But the treaty only requires that nations with artisanal and small-scale gold mining operations, one of the biggest sources of mercury releases, draw up national plans within three years of the treaty entering force to reduce and — if possible — eliminate the use of mercury in such operations. Governments also approved exceptions for some uses such as large measuring devices for which there are no mercury-free alternatives; vaccines where mercury is used as a preservative; and products used in religious or traditional activities.

Switzerland, Norway and Japan each contributed $1 million to get the treaty started, but U.N. officials say tens of millions more will be needed each year to help developing countries comply. The money would be distributed through the Global Environment Facility, an international funding mechanism.

The U.N. Environment Program said the treaty will be signed later this year in the southern Japanese city of Minamata, for which it is to be named. After that, 50 nations must ratify it before it comes into force, which officials predicted would happen in three to four years.

So-called Minimata disease, a severe neurological disorder caused by mercury poisoning, was discovered in the late 1950s because of methylmercury escaping from the city's industrial wastewater. The illness, which sickened people who ate contaminated fish, killed hundreds and left many more badly crippled. Some 12,000 people have demanded compensation from Japan's government.

"To agree on global targets is not easy to do," Achim Steiner, the executive director of the U.N. Environment Program, told reporters. "There was no delegation here that wished to leave Geneva without drafting a treaty."

Over the past 100 years, mercury found in the top 100 meters (yards) of the world's oceans has doubled, and concentrations in waters deeper than that have gone up by 25 percent, the U.N. environment agency says, while rivers and lakes contain an estimated 260 metric tons of mercury that was previously held in soils.

The treaty was originally blocked by powers such as the United States, but President Barack Obama's reversal of the U.S. position in early 2009 helped propel momentum for its adoption. China and India also played key roles in ensuring its passage; Asia accounts for just under half of all global releases of mercury.

"We have closed a chapter on a journey that has taken four years of often intense, but ultimately successful, negotiations and opened a new chapter toward a sustainable future," said Fernando Lugris, the Uruguayan diplomat who chaired the negotiations.

Some supporters of a new mercury treaty said they were not satisfied with the agreement.

Joe DiGangi, a science adviser with advocacy group IPEN, said that while the treaty is "a first step," it is not tough enough to achieve its aim of reducing overall emissions. For example, he said, there is no requirement that each country create a national plan for how it will reduce mercury emissions.

His group and some of the residents of Minamata have opposed naming the treaty for their city because they feel it does not do enough to fix the problem.

"This treaty should be called the 'Mercury Convention,' not the 'Minamata Convention," said Takeshi Yasuma, a Japanese activist. "Water pollution resulting in contaminated sediment and fish caused the Minamata tragedy, but the treaty contains no obligations to reduce mercury releases to water and no obligations to clean up contaminated sites."

Treaty proponents called it a good first step, however, and Steiner said the document would evolve over time and hopefully become a stronger instrument.

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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.

The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.

Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.

Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.

"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.

Major technology companies also report next week, but the bar for the sector has been lowered even further.

Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.

Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.

Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.

CASH POURING IN, HOUSING DATA COULD HELP

Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.

The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.

"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.

"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."

Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.

Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.

The new home sales report on Friday is expected to show a 2.1 percent increase.

The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.

Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.

The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.

"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.

"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."

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

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Algeria expects heavy hostage toll as West defends ally

ALGIERS/IN AMENAS, Algeria (Reuters) - Algeria said on Sunday it expected heavy hostage casualties after its troops ended a desert siege, but Western governments warned against criticizing tactics used by their vital ally in the struggle with Islamists across the Sahara.

An Algerian minister acknowledged the death toll would rise, and a private television station reported that 25 bodies had been found at the gas plant near the town of In Amenas after forces staged a final assault against the Islamist hostage-takers on Saturday.

Some Western governments had expressed frustration at not being informed of the Algerian authorities' plans to storm the complex. But France, which is fighting Islamist rebels across the desert in Mali, joined Britain in playing down any suggestion the response from Algeria - the main military power in the Sahara region - had been over-hasty or heavy-handed.

"What everyone needs to know is that these terrorists who attacked this gas plant are killers who pillage, rape, plunder and kill. The situation was unbearable," French Foreign Minister Laurent Fabius said.

"It's easy to say that this or that should have been done. The Algerian authorities took a decision and the toll is very high but I am a bit bothered ... when the impression is given that the Algerians are open to question. They had to deal with terrorists," he told Europe 1 radio in an interview.

The Islamists' pre-dawn attack on Wednesday has tested Algeria's relations with the outside world, exposed the vulnerability of multinational oil operations in the Sahara and pushed Islamist radicalism in northern Africa to centre stage.

Algeria, scarred by a civil war with Islamist insurgents in the 1990s which claimed 200,000 lives, had insisted there would be no negotiation in the face of terrorism.

Prime Minister David Cameron pointed out on Sunday its record in fighting Islamists. "Of course people will ask questions about the Algerian response to these events, but I would just say that the responsibility for these deaths lies squarely with the terrorists who launched this vicious and cowardly attack," he said in a television statement.

"We should recognize all that the Algerians have done to work with us and to help and coordinate with us. I'd like to thank them for that. We should also recognize that the Algerians too have seen lives lost among their soldiers."

France especially needs close cooperation from Algeria to have a chance of crushing Islamist rebels in northern Mali. Algiers has promised to shut its porous 1,000-km border with Mali to prevent al Qaeda-linked insurgents simply melting away into its empty desert expanses and rugged mountains.

Algeria's permission for France to use its airspace, confirmed by Fabius last week, also makes it much easier to establish direct supply lines for its troops which are trying to stop the Islamist rebels from taking the whole of Mali.

HIGHER DEATH TOLL

Algeria's Interior Ministry had reported on Saturday that 23 hostages and 32 militants were killed during the assaults launched by Algerian special forces to end the crisis, with 107 foreign hostages and 685 Algerian hostages freed.

However, Minister of Communication Mohamed Said said this would rise when final numbers were issued in the next few hours. "I am afraid unfortunately to say that the death toll will go up," Said was quoted as saying by the official APS news agency.

Details are only slowly emerging on what happened during the siege, which marked a serious escalation of unrest in northwestern Africa.

Private Algerian television station Ennahar said on Sunday that 25 bodies had been discovered at the Tiguentourine plant, adding that the operation to clear the base would last 48 hours.

The bodies were believed to belong to hostages executed by the militants, said Ennahar TV, which is known to have good sources within Algerian security.

In London, Cameron said three British nationals had been confirmed killed, while a further three Britons plus a British resident were also believed to be dead.

One Briton had already was confirmed killed when the gunmen seized the hostages at the plant near the Libyan border, run by Norway's Statoil along with Britain's BP and Algeria's state oil company.

MULTINATIONAL HOSTAGE-TAKERS

Said reported that the militants had six different nationalities and the operation to clear the plant of mines laid by the hostage-takers was still under way.

Believed to be among the 32 dead militants was their leader, Abdul Rahman al-Nigeri, a Nigerien close to al Qaeda-linked commander Mokhtar Belmokhtar, presumed mastermind of the raid.

One American has also been confirmed dead. Statoil said five of its workers, all Norwegian nationals, were still missing. Japanese and American workers are also unaccounted for.

On Saturday President Barack Obama said the United States was seeking a "fuller understanding" from Algerian authorities of what had happened, but added that "the blame for this tragedy rests with the terrorists who carried it out".

BP's chief executive Bob Dudley said on Saturday four of its 18 workers at the site were missing. The remaining 14 were safe.

The militant attack was one of the most audacious in recent years and almost certainly planned before French troops launched the operation in Mali this month to stem an advance by Islamist fighters.

Hundreds of hostages escaped on Thursday when the army launched a rescue operation, but many hostages were killed.

Before the Interior Ministry released its provisional death toll, an Algerian security source said eight Algerians and at least seven foreigners were among the victims, including two Japanese, two Britons and a French national.

The U.S. State Department said on Friday one American, Frederick Buttaccio, had died but gave no further details.

Mauritanian news agencies identified the field commander of the group that attacked the plant as Nigeri, a fighter from one of the Arab tribes in Niger who had joined the Algerian Salafist Group for Preaching and Combat (GSPC) in early-2005.

That group eventually joined up with al Qaeda to become Al Qaeda in the Islamic Maghreb (AQIM). It and allied groups are the targets of the French military operation in Mali.

The news agencies described him as "one of the closest people" to Belmokhtar, who fought in Afghanistan and then in Algeria's civil war of the 1990s. Nigeri was known as a man for "difficult missions", having carried out attacks in Mauritania, Mali and Niger.

The apparent ease with which the fighters swooped in from the dunes to take control of an important energy facility, which produces some 10 percent of the natural gas on which Algeria depends for its export income, has raised questions over the country's outwardly tough security measures.

Algerian officials said the attackers may have had inside help from among the hundreds of Algerians employed at the site.

Security in the half-dozen countries around the Sahara desert has long been a preoccupation of the West. Smugglers and militants have earned millions in ransom from kidnappings.

The most powerful Islamist groups operating in the Sahara were severely weakened by Algeria's secularist military in the civil war in the 1990s. But in the past two years the regional wing of al Qaeda gained fighters and arms as a result of the civil war in Libya, when arsenals were looted from Muammar Gaddafi's army.

(Additional reporting by Balazs Koranyi in Oslo, Estelle Shirbon and David Alexander in London, Brian Love in Paris, Daniel Flynn in Dakar; Writing by David Stamp; Editing by Alison Williams)

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Why does Michelle Obama need two Twitter accounts?

Michelle Obama is on Twitter! That was big news on Thursday, the first lady’s birthday. The White House announced that Mrs. Obama had launched a new Twitter account, @FLOTUS, and lots of folks chimed in with messages welcoming her to the world of micro-blogging social media.

But hold it – wasn’t she already on Twitter? We’ve been following @MichelleObama since the beginning of the 2012 presidential campaign. Is this a reboot, a dual account, or what? Is it the equivalent of the grand opening of a store that’s been in business for months?

Sort of, yes. Except it’s a retail establishment that has two branches kept separate for legal reasons.

RECOMMENDED: Michelle Obama: 10 quotes on her birthday

The invaluable Mashable has the full story here. The @MichelleObama feed is paid for and run by the Obama/Biden political campaign machinery. That’s why it was so active during the summer and fall, as it exhorted everybody to get out and vote, and in general pushed the fortunes of the incumbent presidential ticket. It’s an overtly political use of social media.

The first lady’s Pinterest site is run the same way. Most of those photos of her and her family, and favorite recipes (grilled peaches with yogurt and pistachios?), and exhortations about “why we vote” were put up by campaign staff.

Mrs. Obama’s new @FLOTUS handle reflects her official White House duties, however. It’s run by people from her office who are executive branch (and hence official US government) employees.

Legally speaking, @FLOTUS tweets will have to be stuff that deals with her official duties and the nation as a whole, as opposed to President Obama’s political fortunes. Thus on Thursday she tweeted “Join me and Barack for #MLK Day of Service” after thanking everyone for sending birthday wishes.

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Hmm. @FLOTUS has sent three tweets, and it’s got more than 78,000 followers. That’s a pretty good tweet-to-listener ratio.

Most of this social media stuff is done by staff, of course. The few that she sends herself are supposed to be signed “-mo.”

Is the White House actually good at social media? We think that question can be answered definitively only by someone more versed in the dark electronic arts than we are. But from our point of view, it’s a pretty shrewd operator. Take the White House petition site. You can put up a petition on anything, and if it reaches a certain signature level in a certain period of time, the White House will respond with its point of view.

Most of the coverage of this “We the People” effort has focused on the weird stuff: petitions for Texas to secede, to deport CNN’s Piers Morgan, and so forth. And responding to them has to be a pain for staff. Mother Jones has a piece on Friday in which anonymous staffers gripe about having to spend time actually writing about why the US won’t build a Death Star, and things like that.

But to us, “We the People” really is a clever technique for harvesting e-mail addresses. When creating an account to sign stuff, you can check whether you want to receive missives from the White House. Most of the petitions are in fact about real policy – the need for more or less gun control, for instance. What the White House may get out of this is a continually growing list of voter contact information segmented by policy interest. To push the president’s new gun policies, for instance, they may send targeted e-mails to pro-control addresses, urging them to contact Congress.

We think this because media organizations do the same thing with interactive questionnaires and quizzes. We figure out who’s interested in what kind of stories and we direct those subjects their way.

Surprised? Don’t be. Building brand loyalty – everybody’s got whole new ways of approaching this old problem in today’s Internet age.

RECOMMENDED: Betty Ford to Michelle Obama: How seven first ladies have changed the office

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Jennifer Lawrence Trashes Her Oscar Rivals - for Laughs

By Stephen M. Silverman

01/20/2013 at 08:45 AM EST

Jason Sudeikis and Jennifer Lawrence

How to get the jump on your sister Oscar nominees? Host Saturday Night Live – and come out punching.

That was Jennifer Lawrence's modus operandi this weekend, with the Silver Linings Playbook's Best Actress contender taking good-natured swipes at her competition during her silver-tongued opening monologue on the NBC comedy show.

About Jessica Chastain, she said: "In Zero Dark Thirty you caught Bin Laden. So what? In Winter's Bone I caught a squirrel, and then ate it."

Naomi Watts: You were in The Impossible. You know what else is impossible? You beating me on Oscar night."

Quvenzhané Wallis, the 9-year-old nominee for Beasts of the Southern Wild: "You think you can beat me? [In best Gary Coleman voice] 'What you talkin' 'bout, Wallis?' Also, the Alphabet called. It wants its letters back."

And Emmanuelle Riva, from the French film Amour: "An 85-year-old French lady. Um, yeah, I think I can take you."

Also in line for ribbing by the rest of the cast on the show, which featured The Lumineers as the musical guests, were disgraced athlete Lance Armstrong (played by Jason Sudeikis), reputed hoax victim Manti Te'o (Bobby Moynahan), outspoken Golden Globes honoree Jodie Foster (Kate McKinnon) and the scowling, Globes party-pooper Tommy Lee Jones (Bill Hader).

Though not personally at the end of a satirical sharp stick, Lawrence did tip her hat to her Hunger Games persona Katniss Everdeen by participating in a mock Post-Hunger Games press conference.

The running gag was how could Katniss go for Peeta (played by Taran Killam) because he's so short. The gamers were also asked if they used performance-enhancing drugs.

To see if Lawrence does topple the other actresses ... the 85th annual Academy Awards will air live on Sunday, Feb. 24, on ABC from the Dolby Theatre in Hollywood.

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Lilly drug chosen for Alzheimer's prevention study

Researchers have chosen an experimental drug by Eli Lilly & Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.

The drug, called solanezumab (sol-ah-NAYZ-uh-mab), is designed to bind to and help clear the sticky deposits that clog patients' brains.

Earlier studies found it did not help people with moderate to severe Alzheimer's but it showed some promise against milder disease. Researchers think it might work better if given before symptoms start.

"The hope is we can catch people before they decline," which can come 10 years or more after plaques first show up in the brain, said Dr. Reisa Sperling, director of the Alzheimer's center at Brigham and Women's Hospital in Boston.

She will help lead the new study, which will involve 1,000 people ages 70 to 85 whose brain scans show plaque buildup but who do not yet have any symptoms of dementia. They will get monthly infusions of solanezumab or a dummy drug for three years. The main goal will be slowing the rate of cognitive decline. The study will be done at 50 sites in the U.S. and possibly more in Canada, Australia and Europe, Sperling said.

In October, researchers said combined results from two studies of solanezumab suggested it might modestly slow mental decline, especially in patients with mild disease. Taken separately, the studies missed their main goals of significantly slowing the mind-robbing disease or improving activities of daily living.

Those results were not considered good enough to win the drug approval. So in December, Lilly said it would start another large study of it this year to try to confirm the hopeful results seen patients with mild disease. That is separate from the federal study Sperling will head.

About 35 million people worldwide have dementia, and Alzheimer's is the most common type. In the U.S., about 5 million have Alzheimer's. Current medicines such as Aricept and Namenda just temporarily ease symptoms. There is no known cure.

___

Online:

Alzheimer's info: http://www.alzheimers.gov

Alzheimer's Association: http://www.alz.org

___

Follow Marilynn Marchione's coverage at http://twitter.com/MMarchioneAP

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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.

The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.

Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.

Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.

"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.

Major technology companies also report next week, but the bar for the sector has been lowered even further.

Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.

Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.

Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.

CASH POURING IN, HOUSING DATA COULD HELP

Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.

The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.

"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.

"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."

Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.

Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.

The new home sales report on Friday is expected to show a 2.1 percent increase.

The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.

Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.

The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.

"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.

"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."

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

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Algerian army stages "final assault" on gas plant

ALGIERS/IN AMENAS, Algeria (Reuters) - The Algerian army on Saturday carried out a "final assault" on al Qaeda-linked gunmen holed up in a desert gas plant, killing 11 of the Islamists after they took the lives of seven foreign hostages.

"It is over now, the assault is over, and the military are inside the plant clearing it of mines," a local source familiar with the operation told Reuters.

The state oil and gas company, Sonatrach, said the militants who attacked the plant on Wednesday and took a large number of hostages had booby-trapped the gas complex with explosives.

The exact death toll among the gunmen and the foreign and Algerian workers at the plant near the town of In Amenas close to the Libyan border remained unclear.

Earlier on Saturday, Algerian special forces found 15 burned bodies at the plant. Efforts were underway to identify the bodies, the source told Reuters, and it was not clear how they had died.

Sixteen foreign hostages were freed on Saturday, a source close to the crisis said. They included two Americans, two Germans and one Portuguese.

Britain said fewer than 10 of its nationals at the plant were unaccounted for.

The attack on the plant swiftly turned into the biggest international hostage crises in decades, pushing Saharan militancy to the top of the global agenda.

Reports earlier put the number of hostages killed at between 12 to 30, with many foreigners still unaccounted for, among them Norwegians, Japanese, Britons and Americans.

The U.S. State Department said on Friday one American, Frederick Buttaccio, had died but gave no further details. The French defense minister said he understood there were no more French workers among the hostages.

Two Norwegians were released overnight, leaving six unaccounted for, while Romania said three of its nationals had been freed. A number of Japanese engineering workers were still unaccounted for.

Scores of Westerners and hundreds of Algerian workers were inside the heavily fortified compound when it was seized before dawn on Wednesday by Islamist fighters who said they wanted a halt to a French military operation in neighboring Mali.

Hundreds escaped on Thursday when the army launched its operation, but many hostages were killed.

(Additional reporting by Ali Abdelatti in Cairo, Eamonn Mallie in Belfast, Gwladys Fouche in Oslo, Mohammed Abbas in London, Padraic Halpin and Conor Humphries in Dublin, Andrew Quinn and David Alexander in Washington, Brian Love in Paris; Writing by Giles Elgood; Editing by Sonya Hepinstall)

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