Diberdayakan oleh Blogger.

Popular Posts Today

Concern grows over Asian crab's spread in Maine

Written By Unknown on Sabtu, 05 Oktober 2013 | 22.26

PORTLAND, Maine — A species of invasive crab with a voracious appetite that first showed up in the United States 25 years ago has spread to far eastern Maine, and marine ecologists are worried about its potential impact on the environment.

A group of four marine ecology students at the University of Maine at Machias found an Asian shore crab last week while on a field trip to Great Wass Island, in Beals.

The crabs were first recorded in the United States in 1988 in Cape May, N.J., said Brian Beal, a marine ecology professor at the university. The previous northernmost sighting had been on Maine's Schoodic Peninsula, about 30 miles southwest of Great Wass Island.

Asian shore crabs aren't as much of a menace as the invasive green crab, which are larger and have cleaned out some clam flats in parts of southern and midcoast Maine.

But Beal said they could outmuscle other species for food and space, posing a threat to a variety of marine organisms that live in intertidal zones, including periwinkles, clams, worms and seaweed.

"You know in some way it'll change the ecosystem through its new interactions with both plants and animals," Beal said. "Before it arrives, the system is what it is. But after it arrives, it is changed by the presence of this invader."

The body of an Asian crab is just a couple of inches wide with a mottled shell that ranges from green to purple to orange-brown. The crab's native range runs roughly from North Korea to Hong Kong, said Larry Harris, a marine biologist at the University of New Hampshire.

After the crab's arrival in New Jersey, most likely in a ship's ballast, they rapidly moved north to southern New England waters. They have spread more slowly through the colder waters of the Gulf of Maine, but Harris said they can tolerate the cold and will probably make their way to Labrador, north of Newfoundland in Canada.

"It's not surprising they're showing up in eastern Maine, but it's happening faster than we were expecting," he said. "It's because of the mild winters, I think."

There's not a lot of evidence that shows the crabs are altering the intertidal ecology in any great way, Harris said, but they could end up posing a threat to oyster farms or possibly reduce the population of barnacles.

"The jury's still out on that," he said.


22.26 | 0 komentar | Read More

Obama to public: Don't give up on health sign-ups

WASHINGTON — Defending the shaky rollout of his health care law, President Barack Obama said frustrated Americans "definitely shouldn't give up" on the problem-plagued program now at the heart of his dispute with Republicans over reopening the federal government.

Obama said public interest far exceeded the government's expectations, causing technology glitches that thwarted millions of Americans when trying to use government-run health care websites.

"Folks are working around the clock and have been systematically reducing the wait times," he said.

The federal gateway website was taken down for repairs over the weekend, again hindering people from signing up for insurance.

Obama, in a wide-ranging interview with The Associated Press, also disclosed that U.S. intelligence agencies believe Iran continues to be a year or more away from having the capability to make a nuclear weapon. That assessment is at odds with Israel, which contends Tehran is on a faster course toward a bomb.

He expressed optimism about the blossoming diplomacy between his administration and Iran's new president, but said the U.S. would not accept a "bad deal" on the Islamic republic's nuclear program.

The president spoke to the AP on Friday, four days into a partial shutdown of the federal government that has forced 800,000 people off the job, closed national parks and curbed many government services.

Obama reiterated his opposition to negotiating with House Republicans to end the shutdown or raise the nation's debt ceiling.

"There are enough votes in the House of Representatives to make sure that the government reopens today," he said. "And I'm pretty willing to bet that there are enough votes in the House of Representatives right now to make sure that the United States doesn't end up being a deadbeat."

On other points, Obama:

—Contrasted his tenure as a senator with the current crop of first-term Republican senators, saying he "didn't go around courting the media" or "trying to shut down the government" while he was in the Senate.

—Said he's considering keeping some American forces in Afghanistan after the war formally ends in late 2014, if an agreement can be reached with the Afghan government. He tried to do the same in Iraq but was unable to reach an agreement with its government.

—Suggested that the owner of the Washington Redskins football team consider changing its name because, the president said, the current name offends "a sizable group of people."

With no sign of a breakthrough to end the government shutdown, Obama said he would be willing to negotiate with Republicans on health care, deficit reduction and spending — but only if House Speaker John Boehner, R-Ohio, holds votes to reopen the government and increase the nation's borrowing limit.

Some House Republicans are seeking health care concessions from Obama in exchange for approving government financing and want more spending cuts before raising the debt ceiling.

The Treasury Department says the nation will hit its borrowing limit around Oct. 17. Obama didn't specifically rule out taking action on his own if Congress fails to increase the debt ceiling, but said he doesn't expect to get to that point.

Obama, who successfully ran for president as a first-term senator, also spoke critically about first-term Republican senators, such as Ted Cruz of Texas, who have been leading efforts to shut the government if Republicans can't extract concessions from the White House.

The president said that when he was in the Senate, he "didn't go around courting the media. And I certainly didn't go around trying to shut down the government."

"I recognize that in today's media age, being controversial, taking controversial positions, rallying the most extreme parts of your base, whether it's left or right, is a lot of times the fastest way to get attention and raise money," he said. "But it's not good for government."

The deadline for keeping the government open coincided with the Oct. 1 start of sign-ups for the insurance markets at the center of the health care overhaul Obama signed into law during his first term. Government websites struggled in the first week to keep up with high demand for the new marketplaces. It's not clear that more than a few managed to enroll the first day.

Obama said he didn't know how many people had enrolled. Administration officials have said they do not plan to release real-time data on the number of people enrolling, though some states running their own exchange websites are doing so.

The president predicted that when the six-month signup window for the insurance exchanges ends, "we are going to probably exceed what anybody expected in terms of the amount of interest that people had."

In the flurry of domestic issues consuming his second term, Obama has launched a diplomatic outreach to Iran, aimed at resolving the dispute over Tehran's nuclear program. Last week, he spoke by phone with President Hassan Rouhani, marking the first direct exchange between U.S. and Iranian leaders in more than 30 years.

"Rouhani has staked his position on the idea that he can improve relations with the rest of the world," Obama said. "And so far he's been saying a lot of the right things. And the question now is, can he follow through?"

But Obama said Rouhani is not Iran's only "decision-maker. He's not even the ultimate decision-maker," a reference to the control wielded by Iran's supreme leader, Ayotollah Ali Khamenei.

Given the supreme leader's broad influence, some countries, most notably Israel, have questioned whether Rouhani actually represents real change in Iran or just new packaging of old policies.

Obama also put distance between U.S. and Israeli assessments of when Iran might have the capacity to build a nuclear weapon. Israeli officials have said Iran is just months away from being able to build a bomb, while Obama said Tehran was a year or more away.

The president used the same timetable in March, before traveling to Israel. The U.S. and Israel contend that Iran's nuclear program is aimed at building a bomb, while Tehran says it is enriching uranium for peaceful purposes.

On the 12-year war in Afghanistan, Obama said he would consider keeping some American forces on the ground after the conflict formally ends next year, but acknowledged that doing so would require an agreement from the Afghan government. He suggested that if no agreement can be reached, he would be comfortable with a full pullout of U.S. troops.

"If in fact we can get an agreement that makes sure that U.S. troops are protected, makes sure that we can operate in a way that is good for our national security, then I'll certainly consider that," he said. "If we can't, we will continue to make sure that all the gains we've made in going after al-Qaida we accomplish, even if we don't have any U.S. military on Afghan soil."

All U.S. forces left Iraq at the end of 2011 after no deal could be reached to keep some there longer.

Obama, an avid sports fan, also weighed in on the controversy surrounding the Redskins as the name of Washington's NFL football team. The name has faced a new barrage of criticism for being offensive to Native Americans.

The president said he doesn't think Redskins' fans mean any offense by using the name. But he added: "If I were the owner of the team and I knew that the name of my team, even if they've had a storied history, that was offending a sizable group of people, I'd think about changing it."

___

Follow Julie Pace at http://twitter.com/jpaceDC


22.26 | 0 komentar | Read More

Egypt journalist gets 6-month suspended sentence

CAIRO — An Egyptian military court convicted an award-winning journalist Saturday of endangering national security by spreading false information in his coverage of operations against Islamic militants in the Sinai Peninsula, and handed him a six-month suspended sentence on Saturday, a security official and a lawyer said.

The case against Ahmed Abu-Draa, who was arrested on Sept. 4, has drawn outrage from fellow journalists and rights groups accusing the army of undermining freedom of expression and continuing to refer civilians to military tribunals, despite a campaign to stop the practice.

Colleagues said Abu-Draa's trial was an attempt to silence independent reporting from the flashpoint area, which sits on the border with Israel and the Gaza Strip. Few journalists have direct access to what is happening in Sinai because of security concerns, forcing many to rely on statement by officials.

In addition to the suspended sentence, the journalist was fined $30 for entering a military zone without a permit. The court dropped charges of broadcasting news that undermine Egypt's reputation abroad, and filming strategic areas without a permit, according to his lawyer, Negad El-Borai.

El-Borai said Abu-Draa, 38, had been held in solitary confinement in a military prison. The lawyer called the suspended sentence an attempt to defuse criticism, while still delivering a warning that people should not challenge the military.

He said that was the wrong message. "There is no case. He should have been set free," el-Borai said.

Abu-Draa had disputed the military's claims that no civilians were hit in an intensified operation against rising militant attacks in the Sinai. The military said it was only targeting homes of militants and tunnels used for smuggling goods to Gaza, but the journalist reported that civilian homes were hit and a mosque was damaged.

Amnesty International also criticized the prosecution of Abu-Draa, saying he was "being prosecuted for challenging the army's version of its operations in the restive North Sinai region."

A security official said an intelligence report presented to the court had stated that Abu-Draa had acted with "good intentions." The official spoke on condition of anonymity because he was not authorized to speak to the media.

Abu Draa, who lives in Sinai, freelances for multiple Egyptian and foreign newspapers and television channels.

It was unclear when Abu-Draa would be released. The suspension runs for three years, meaning that if he commits another offense in this period, he would be punished for both.

Activists and lawyers have campaigned to end military trials for civilians as discussions for amending Egypt's constitution, which was passed under the now-ousted Islamist President Mohammed Morsi, are underway.

Ahmed Maher, a leading member of youth group April 6, said such tribunals for civilians should be banned from the amended constitution.

"Imprisoning journalists was one of the mean reasons of revolting against (ousted President Hosni Mubarak) and Morsi. Agreeing to their jailing and even trying them before military tribunals is treason to the revolution," Maher wrote on his Twitter account.


22.26 | 0 komentar | Read More

Analysis: US reliability questioned overseas

An unmistakable sense of unease is growing in global capitals as the U.S. government from afar looks increasingly befuddled. America is shirking from a military confrontation in Syria, stymied at home by a gridlocked Congress and in danger of defaulting on sovereign debt, which could plunge the world's financial system into chaos.

While each may be unrelated to the direct exercise of U.S. foreign policy, taken together they give some allies the sense that Washington is not as firm as it used to be in its resolve and its financial capacity, providing an opening for China or Russia to fill the void, an Asian foreign minister told a group of journalists in New York this past week.

Concerns will only deepen now that President Barack Obama canceled travel this weekend to the Asia Pacific Economic Cooperation Forum in Bali and the East Asia Summit in Brunei. He decided to stay home to deal with the government shutdown and looming fears that Congress will block an increase in U.S. borrowing power, a move that could lead to a U.S. default.

The U.S. is still a pillar of defense for places in Asia such as Taiwan and South Korea, providing a vital security umbrella against China. It has strong allies in the Middle East, including Israel and the Gulf Arab states arrayed against al-Qaida and Iran.

But faith that the U.S. will always be there is fraying more than a little, according to interviews with academics, government leaders and diplomats.

"The paralysis of the American government, where a rump in Congress is holding the whole place to ransom, doesn't really jibe with the notion of the United States as a global leader," said Michael McKinley, an expert on global relations at the Australian National University.

The political turbulence in Washington and potential economic bombshells yet to come from the U.S. government shutdown and a possible debt default this month have sent shivers through Europe. The head of the European Central Bank, Mario Draghi, worried about the continent's rebound from the 2008 economic downturn.

"We view this recovery as weak, as fragile, as uneven," Draghi said at a news conference.

Germany's influential newspaper Sueddeutsche Zeitung bemoaned the U.S. political chaos.

"At the moment, Washington is fighting over the budget and nobody knows if the country will still be solvent in three weeks. What is clear, though, is that America is already politically bankrupt," it said.

Secretary of State John Kerry has tried to make the case that the partial government shutdown would do nothing to reduce America's global economic, military or diplomatic strength.

"To all of our friends and foes around the world: Do not mistake this momentary episode in American politics for anything less than a moment of politics or anything more than a moment of politics," Kerry told reporters Saturday on the sidelines of the APEC meeting.

"When we get this moment of political silliness behind us, we will get back on a track the world will respect and want to be part of," he said.

Obama finds himself at the nexus of a government in chaos at home and a wave of foreign policy challenges.

He has been battered by the upheaval in the Middle East from the Arab Spring revolts after managing to extricate the U.S. from its long and largely failed attempt to establish democracy in Iraq.

He is drawing down U.S. forces from a more than decade-long war in Afghanistan with no real victory in sight. He leads a country whose people have no interest in taking any more military action abroad.

As Europe frets about economics, Asian allies watch in some confusion about what the U.S. is up to with its promise to rebalance military forces and diplomacy in the face of an increasingly robust China.

Global concerns about U.S. policy came to a head with Obama's handling of the civil war in Syria and the alleged use of chemical weapons by President Bashar Assad's government.

But the worries go far deeper.

"I think there are a lot of broader concerns about the United States. They aren't triggered simply by Syria. The reaction the United States had from the start to events in Egypt created a great deal of concern among the Gulf and the Arab states," said Anthony Cordesman, a military affairs specialist at the Center for International Studies.

Kings and princes throughout the Persian Gulf were deeply unsettled when Washington turned its back on Egypt's dictator and U.S. ally Hosni Mubarak during the 2011 uprising in the largest Arab country.

Now, Arab allies in the Gulf voice dismay over the rapid policy redirection from Obama over Syria, where rebel factions have critical money and weapons channels from Saudi Arabia, Qatar and other Gulf states.

It has stirred a rare public dispute with Washington, whose differences with Gulf allies are often worked out behind closed doors. Last month, Saudi Foreign Minister Saud al-Faisal warned that the renewed emphasis on diplomacy with Assad would allow the Syrian president to "impose more killing."

The U.S. had said Assad must be removed from power and then threatened military strikes over his government's alleged chemical weapons attack. Now, the U.S. is working with Russia and the U.N. to collect and destroy Damascus' chemical weapons stockpile. That assures Assad will remain in power for now and perhaps the long term.

Danny Yatom, a former director of Israel's Mossad intelligence service, said the U.S. handling of the Syrian crisis and its decision not to attack after declaring "red lines" on chemical weapons has hurt Washington's credibility.

"I think in the eyes of the Syrians and the Iranians, and the rivals of the United States, it was a signal of weakness, and credibility was deteriorated," he said.

The Syrian rebels, who were promised U.S. arms, say they feel deserted by the Americans, adding that they have lost faith and respect for Obama.

The White House contends that its threat of a military strike against Assad was what caused him to change course and agree to plan reached by Moscow and Washington to hand its chemical weapons over to international inspectors for destruction. That's a far better outcome than resorting to military action, Obama administration officials insist.

Gulf rulers also have grown suddenly uneasy over the U.S. outreach to their regional rival Iran.

Bahrain Foreign Minister Sheik Khalid bin Ahmed Al Khalifa said Gulf states "must be in the picture" on any attempts by the U.S. and Iran to open sustained dialogue or reach settlement over Tehran's nuclear program.

He was quoted Tuesday by the London-based Al Hayat newspaper as saying Kerry has promised to consult with his Gulf "friends" on any significant policy shifts over Iran.

This message suggested Gulf states are worried about being left on the sidelines in potentially history-shaping developments in their region.

In response to the new U.S. opening to Iran to deal with its suspected nuclear weapons program, Israeli Prime Minister Benjamin Netanyahu told the U.N. General Assembly that his country remained ready to act alone to prevent Tehran from building a bomb. He indicated a willingness to allow some time for further diplomacy but not much. He also excoriated new Iranian President Hassan Rouhani as a "wolf in sheep's clothing."

Kerry defended the engagement effort, saying the U.S. would not be played for "suckers" by Iran. Tehran insists its nuclear program is for peaceful energy production, while the U.S. and other countries suspect it is aimed at achieving atomic weapons capability.

McKinley, the Australian expert, said Syria and the U.S. budget crisis have shaken Australians' faith in their alliance with Washington.

"It means that those who rely on the alliance as the cornerstone of all Australian foreign policy and particularly security policy are less certain — it's created an element of uncertainty in their calculations," he said.

Running against the tide of concern, leaders in the Philippines are banking on its most important ally to protect it from China's assertive claims in the South China Sea. Defense Secretary Voltaire Gazmin said Manila still views the U.S. as a dependable ally despite the many challenges it is facing.

"We should understand that all nations face some kind of problems, but in terms of our relationship with the United States, she continues to be there when we need her," Gazmin said.

But as Cordesman said, "The rhetoric of diplomacy is just wonderful but it almost never describes the reality."

That reality worldwide, he said, "is a real concern about where is the U.S. going. There is a question of trust. And I think there is an increasing feeling that the United States is pulling back, and its internal politics are more isolationist so that they can't necessarily trust what U.S. officials say, even if the officials mean it."

___

EDITOR'S NOTE — Steven R. Hurst, The Associated Press' international political writer in Washington, has covered foreign affairs for 35 years, including extended assignments in Russia and the Middle East.

___

AP writers Brian Murphy in Dubai, United Arab Emirates, Robert H. Reid in Berlin, Hrvoje Hranjski in Manila, Gregory Katz in London, Josef Federman in Jerusalem, Rod McGuirk in Canberra, Australia, and Sarah DiLorenzo and David McHugh in Paris contributed to this report.


22.26 | 0 komentar | Read More

Spain quakes increasing near gas storage plant

MADRID — Spain's geographical institute says there has been a large increase in the number of small earthquakes off the country's east coast, where a large underground gas storage plant is being tested before going into operation.

Government officials believe there's a direct link between the temblors and injections of fuel gas into the storage system in Castellon.

The geographical institute said Saturday there have been 139 minor earthquakes in 10 days — a substantial increase compared to the weeks before that. During that same period, only 27 small quakes were felt in other areas of Spain.

Some of the earthquakes have exceeded magnitude 4.0, prompting regional prosecutors to open an investigation into the plant, which will help supply the Valencia region. Inspectors were sent to the site Thursday.


22.26 | 0 komentar | Read More

Legal Sea Foods looks to hook ‘stupid’ ideas for ads

Written By Unknown on Jumat, 04 Oktober 2013 | 22.27

Legal Sea Foods wants to see just how stupid people are willing to get to land in its latest advertisements.

The Boston restaurant chain is calling for photos of "less than intelligent behavior" — brainless acts, momentary lapses in judgment or clearly stupid ideas.

Contest winners will receive $250 Legal gift cards and could have their stupid human tricks featured in the company's new "Fish Is Brain Food" ad campaign.

But Legal CEO Roger Berkowitz insists he doesn't want anyone to risk their safety.

"I'm not encouraging people to do anything that will harm them or anyone else, or harm animals," he said. "But if it's funny and stupid, why not?"

Legal is known for its irreverent and sometimes edgy advertising.

"It gets my attention when I see something that is a little sarcastic, a little edgy," Berkowitz said. "The point of advertising is to make you think a bit and really not to just blend in where it becomes innocuous."

Created by New York ad agency DeVito/Verdi, Legals' "Fish is Brain Food" campaign launched this summer using homemade videos of people's brainless acts, including a guy using his shirtless buddy for target practice as he shoots off roman candle fireworks.

Contest photos can be submitted through Nov. 17 on Instagram or Twitter via the hashtag #fishisbrainfood, or through an app on Legal's Facebook page.


22.27 | 0 komentar | Read More

No slots filled at Caesars’ jobs ‘forum’

As the state Gaming Commission cleared the way for three proposals to move forward yesterday, an "employment forum" Caesars Entertainment and Suffolk Downs said it held to tout job opportunities at their proposed resort casino appeared to be more of a get-out-the vote rally for their $1 billion project.

After a panel discussion during which a half-dozen Caesars employees from around the country gushed about the company's benefits and opportunities for advancement, Lynda Tocci, a lobbyist for the proposed casino, took the stage, asking for volunteers to take bumper stickers, canvass neighborhoods, plant lawn signs and man phone banks to urge East Boston and Revere residents to approve the project next month.

"I'm a little disappointed," said 50-year-old Elina Mushin of Marblehead, a recent law school graduate who came with her resume at the ready. "I thought it would be more of a job fair, but they're promoting the casino just to get people to vote."

Suffolk Downs officials said the casino will create 4,000 permanent jobs and 2,500 construction jobs and the average salary at the proposed casino would be $42,000, but they refused to say how much the lowest- and highest-paid workers would make.

The Massachusetts Gaming Commission, meanwhile, yesterday granted the city a variance allowing East Boston residents to vote on the project on Nov. 5 even though the commission has not yet completed its background check on Caesars Entertainment and determined the proposed casino's suitability. If the commission finds the proposal unsuitable, that will bring the project to an end, even if voters approve it next month.

The commission unanimously determined Mohegan Sun's proposal for a resort casino in Palmer is qualified to take the next step in the process to secure the sole license in western Massachusetts, and announced that Penn National is qualified to pursue the state's single slots parlor license in Plainville after it completed a hearing and background check.


22.27 | 0 komentar | Read More

Twitter dishes tantalizing tidbits in IPO treatise

SAN FRANCISCO — Twitter, a privately held company built on blurbs, has finally laid itself bare in documents that read more like a treatise than a tweet.

The roughly 800-page filing Twitter Inc. released late Thursday on its way to an eagerly anticipated IPO contains tantalizing tidbits about its growth and its attempts to make money from its influential short messaging service.

Prospective investors and rivals alike will dissect and digest those morsels during the next few weeks leading up to the San Francisco company's Wall Street debut.

The suspense surrounding Twitter's IPO was heightened by the company's decision to take advantage of a law passed last year that allows companies with less than $1 billion in annual revenue to keep their IPO documents under seal until management is ready to make formal presentations to investors.

Thursday's lifting of the veil means Twitter can start pitching investors during a so-called "road show" as early as Oct. 24. The company's stock should begin trading under the ticker symbol "TWTR" before Thanksgiving, barring a market meltdown or regulatory hurdles.

Here are five key details revealed in Twitter's tome:

—TWITTER'S GOT GROWTH TO GET EXCITED ABOUT

After Twitter co-founder Jack Dorsey sent out the first tweet in March 2006, the company didn't even try to make money for its few years. Instead, management focused on attracting more users and making the service more reliable.

It looks like Twitter's patient approach is paying off. Since former Google executive Dick Costolo became Twitter's CEO in 2010, the company's annual revenue has soared from $28 million to $317 million last year. Through the first half of this year, Twitter's revenue totaled $254 million, more than doubling from last year. If Twitter maintains that growth pace through the second half, the company's revenue will surpass $656 million this year.

Twitter gets 87 percent of its revenue from advertising. The rest comes from licensing agreements that give other companies better access to the flow of tweeting activity on its service.

Meanwhile, Twitter ended June with 218 million users, up from 30 million in early 2010. More than three-quarters of those users, or 169 million people, are located outside the U.S. Twitter's fastest growing markets are in Argentina, France, Japan, Russia, Saudi Arabia and South Africa.

—BUT THE COMPANY ISN'T PROFITABLE

It takes more than cultural heft to build a business of substance, as Twitter is learning. The company has suffered uninterrupted losses of $419 million since its inception. That's something Twitter has been able to afford because it has raised $759 million from investors. The company still had $375 million in the bank at the end of June and hopes to raise at least $1 billion more in its IPO.

But shareholders of publicly held companies don't tolerate losses for very long, and it could still be a while before Twitter turns a profit.

Twitter's losses widened during the first half of this year to $69 million, up from $49 million in the same period last year. In contrast, both social networking leader Facebook Inc. and professional networking leader LinkedIn Corp. were profitable when they went public.

To make money, Twitter will likely get more aggressive about showing ads.

In the three months ending in June, Twitter generated revenue of $139 million, or an average of just 64 cents per user. In contrast, Facebook generated second-quarter revenue of nearly $1.2 billion, or an average of $1.58 per user, while LinkedIn posted revenue of $364 million, or an average of $1.53 per user.

As Twitter cranks up its marketing machine, it runs the risk of alienating an audience accustomed to seeing relatively few ads in their news feeds. Beyond the U.S., Twitter is gearing to expand its advertising efforts in Australia, Brazil, Canada, Japan and the United Kingdom.

—TWITTER IS MORE "MOBILE" THAN FACEBOOK

Twitter appears tailor made for an age of increasing reliance on smartphones and tablet computers. Three-fourths of Twitter's users already use the service on mobile devices. Perhaps more important to investors, the company sells 65 percent of its ads on smartphones and tablets. Facebook gets 41 percent of its ad revenue from mobile devices.

—ITS MARKET VALUE COULD BE AS HIGH AS $20 BILLION

Twitter hasn't set a price target for its IPO yet, but its documents contain some clues about its recent market value. The company's stock last sold in a privately arranged swap nine months ago at $17 per share. That deal implied Twitter had a market value of $10 billion to $11 billion at the time. Last month, Twitter priced some of its employee stock options at $20.62, based on a third-party appraisal of the company's value.

Some analysts predict Twitter will seek $28 to $30 per share in its IPO. If those projections pan out, Twitter will have a market value of $17 billion to $20 billion, including stock options and restricted stock likely to be converted into common shares after the IPO. Facebook made its stock market debut with a market value of more than $100 billion, but its stock plummeted before making resounding comeback this year.

—CO-FOUNDER EVAN WILLIAMS IS IN LINE FOR THE BIGGEST JACKPOT

Williams, a Twitter co-founder who was CEO for two years until Costolo took over in 2010, owns a 12 percent stake in the company.

If Twitter turns out to be worth at least $17.60 per share in the IPO, Williams will be a billionaire at 41 years old. He remains on Twitter's board of directors.

Another board member, Peter Fenton, and his venture capital firm, Benchmark Capital, own a 6.7 percent stake.

Next in line with a 4.9 percent stake is Jack Dorsey, who came up for the idea for Twitter with Noah Glass and Biz Stone. The stakes of Glass and Stone aren't listed in the IPO documents, meaning they don't own enough stock to trigger legal disclosures.

Many of Twitter's 2,000 employees could become rich, too, if the company's stock fares well. They won't be allowed to sell their stock until Feb. 15, at the earliest.


22.27 | 0 komentar | Read More

MBTA, union sue over arbitrator's pay award

BOSTON — MBTA management and the union representing some workers have filed dueling lawsuits in a dispute over an arbitrator's award that would increase T workers' salaries by an average of more than 10 percent.

Massachusetts Bay Transportation Authority officials say the raises outlined in the arbitrator's decision would cost $62 million to $88 million, a sum that would put the transit agency in financial jeopardy.

An official with the Boston Carmen's Union said in a message to its 6,000 members, which include MBTA bus and subway operators and maintenance crew, that the T is trying to shortchange them in fighting the award.

A T spokesman tells The Boston Globe (http://b.globe.com/1bDBAS5 ) the arbitrator did not give due consideration to the MBTA's financial ability in her decision.

___

Information from: The Boston Globe, http://www.bostonglobe.com


22.27 | 0 komentar | Read More

Fred Toucher: ‘Huge swell’ of support for Pitino hang-up

A host of the "Toucher and Rich Show" this morning fired back at critics of their on-air radio hang-up on ex-Celtics coach Rick Pitino, saying there was a "swell" of support for an antic he described as deliberately "dumb"

"There's like this wave of people who are like, 'It was unprofessional,' " Fred Toucher told listeners this morning. " 'It was a slap in the face. It was crude. It was classless.' That's my job. I don't have any class. I'm not F. Scott Fitzgerald. I'm not Bob Woodward. People are like 'Oh it was dumb' OK, it was dumb! What do you want out of me? It was 10 seconds out of my radio career. And people are acting so sanctimonious."

Related: 

Yesterday the top-rated morning radio show on 98.5 FM had the former coach on the air to promote a self-help book. Toucher told listeners he knew the interview would not last long. He said he didn't want to get into a shouting match with the Hall of Fame coach, who led two college squads to national championships but is widely criticized for his blunders in Boston.

"It's getting time for the interview and it's a dopey self-help book that's the second one he's put out, or third he's put out, and I'm thinking, 'Aw, who cares.' I realize everyone hates him here and I'm like, 'I don't want to get into a fight with him. I have five minutes with the guy,' " Toucher told his audience on the air this morning. "I'm not going to get anything in depth out of him. I think as a goof ... I'm just going to hang up on him, it'd be kind of funny, who cares."

The interview yesterday lasted only seconds. Toucher welcomed Pitino to the show. Pitino said "Morning guys" Toucher said "You stink. You ruined the Celtics," and hung up.

Toucher told his audience this morning that the initial response was a "swell" of support.

"I swear to God. I've never gotten a more positive, I've never got a more positive response, it was literally over 1,000 people," he said. "Of all the things we've done, I've never really had any kind of huge swell of positive support. Deadspin called it hilarious, which is nice, I mean it wasn't hilarious. The guy from Sports Illustrated said 'I've listened to it six times, I can't stop listening to it.' "

But he told listeners that the show has also been hit with outrage from the hometowns of Pitino's college teams, including one death threat.

Pitino was coach of the Celtics from 1997 to 2001, and amassed a losing record. He once berated Boston sports fans and called the city "lousy."


22.27 | 0 komentar | Read More

Helping out furloughed workers

Written By Unknown on Kamis, 03 Oktober 2013 | 22.27

Furloughed federal workers who don't know when they'll get their next paychecks are being offered everything from free food to a free pass on car payments.

With about 800,000 federal employees now jobless, Pork Barrel BBQ in Alexandria, Va., just outside the capital, gave away 275 pulled pork sandwiches to workers with a government ID, though it took pains to note in its Twitter announcement that the offer "EXCLUDES CONGRESSMEN."

It was one of a number of businesses in and around Washington, D.C., offering freebies for federal workers. But the deals aren't just in D.C. — Hyundai Motor America said federal workers who financed their cars through Hyundai Finance America can stop making payments for as long as they're furloughed. And, furloughed workers who want to buy a Hyundai in October will be offered a 90-day payment deferral.

"We recognize the impact on family budgets that the furlough will drive," President and CEO John Krafcik said in a statement. "This is our way of saying, 'We've got your back,' during this uncertain time."

And to take their minds off the mess responsible for them being out of work, furloughed employees can take in a movie and get free popcorn at AMC Theatres, by showing a valid government or military ID.

"The offer is good until common sense is restored in Washington, D.C.," the company said in a statement, "or, more likely, until the shutdown ends, or we run out of free popcorn."

Herald wire services contributed to this report.


22.27 | 0 komentar | Read More

Bill filed to greenlight $1B convention center expansion

Lawmakers may soon decide whether to launch a 
$1 billion expansion of the Boston Convention & Exhibition Center — a project that would add 1.3 million square feet of space, including additional exhibit and meeting areas and another, larger ballroom.

"My goal is to have it dealt with this calendar year," said Massachusetts Convention Center Authority Executive Director James Rooney. "We have a number of events we'd like to be able to talk to for future years. The industry knows Boston is considering this."

The MCCA filed the expansion bill yesterday and said the project would not require "new fees or taxes." Funding would come from the Convention Center Fund, consisting of tourism-related fees and taxes.

The expansion would increase convention center floor space from 416,000 to 850,000 square feet — making Boston 14th in the country, up from its current 25th rank, Rooney said.

Expansion could draw larger medical and life sciences conventions and re-attract events like BIO that are now too big, he said.

Convention center officials also want to lure two hotels to Massport land across the street, adding 1,200 to 1,500 more rooms — a must, if the center expands, Rooney said.

Two smaller hotels with a combined 510 rooms on 
D Street are expected to open in late 2015, and the Westin Boston Waterfront may also expand.

Rooney downplayed any impact the expansion may have on residential South Boston. Both state Sen. Linda Dorcena-Forry and state Rep. Nick Collins co-sponsored the expansion bill.

"The convention development has served as a transition zone for the neighborhood between all the commercial and residential and retail development that's taken place," Rooney said.


22.27 | 0 komentar | Read More

Suspended: Drug trials, public health initiatives

Each week that the tug-of-war on Capitol Hill continues, the National Institutes of Health will turn away about 200 patients, including children with cancer, from its clinical research center, while local clinical trials remain on hold.

"The longer time goes on, the more deleterious the impact will be on the research community and patients," said Dr. Anne Klibanski, chief academic officer at Partners Healthcare.

Trials that have received funding but need drug approvals could be delayed because the Food and Drug Administration effectively has been shut down.

"I feel terrible. I wanted to get this going," said Leo Finn, 48, a Buzzards Bay father of three who found out Tuesday that the clinical test of the drug his doctor had hoped might cure his liver cancer was on hold. "I want to see my kids graduate, and I want to walk my daughter down the aisle."

The shutdown impact could prevent the Centers for Disease Control from monitoring the spread of the flu this year, "something that all hospitals look to as an early warning sign," said John Erwin of the Conference of Boston Teaching Hospitals.

The Boston Public Health Commission could lose grants for homelessness, violence-prevention and HIV/AIDS programs

"Our public health commission spends about $41,000 a day in federal grants," Mayor Thomas M. Menino said. "If they cease coming, we won't be able to serve the people we have in the city of Boston who need health care the most."

Jordan Graham and the Cape Cod Times contributed to this report.


22.27 | 0 komentar | Read More

Developer bags prime parcel

Construction will begin as early as next week on a 12-story apartment and retail building — including a possible supermarket — on Canal Street just a block from the TD Garden in a deal announced yesterday between developers and the state transportation department.

"It's just a premier location and the views you get up at the building looking down at the Greenway and the harbor is incredible," Trinity Financial Vice President Abby Goldenfarb said. "Five or six years ago, we were taking a chance on the location, but now it's really proven itself to be a great place to live."

Trinity will construct 310 apartments, 147 parking spaces and ground-floor retail at One Canal Street — three mostly empty grassy parcels owned by MassDOT and the MBTA across the street from the Haymarket bus station and the Government Center garage.

Trinity will pay $13 million up-front to the state for the 99-year ground lease. Denver-based Aimco, a real estate investment trust, will pay property taxes on the site.

The 22,000 square feet of retail space will be designated for a supermarket under an agreement with the city, but can be opened up to other retail tenants after 18 months, or if another supermarket opens nearby — such as at the TD Garden, where developers envision both a supermarket and a cinema.

"We understand the community really wants a supermarket in the neighborhood and the Boston Garden site is the preferred site," Goldenfarb said. "But nonetheless, if a supermarket wants to be here, we are obligated to market it to a supermarket for a set period of time."

Construction of the $190 million project could begin within days and will last about 27 months. Several other high-profile projects are slated for the area, including three high-rises with residences, hotels, offices and shops near the site of the old Boston Garden.

Across the street from One Canal Street, developers want to resuscitate the Government Center Garage project with apartments, offices, shops and a hotel.

The project will also replace the Grand Canal's large outdoor patio, which had been part of a temporary lease with the MBTA.

It's been a long process. Trinity originally was the second choice to develop the state-owned sites back in 2005. After the original developer was taken off the project in 2010, MassDot awarded it to Trinity in the $13 million deal, MassDOT spokeswoman Cyndi Roy said.


22.27 | 0 komentar | Read More

Weekly US jobless aid applications tick up to 308K

WASHINGTON — The number of Americans seeking unemployment benefits rose just 1,000 last week to a seasonally adjusted 308,000, hovering near six-year lows. Companies are still cutting very few jobs, however the decline in layoffs has not been accompanied by a pickup in hiring.

The less volatile four-week average for applications fell to 305,000, the Labor Department said Thursday. That's the lowest since May 2007, seven months before the recession began.

Weekly applications could increase next week because of the partial government shutdown. Defense contractors and other companies that do business with the government may temporarily lay off workers. Federal workers who are temporarily laid off may also file for benefits, though their numbers are reported separately and published a week later than the other applications.

Still, the broader trend has been encouraging. Applications, which are a proxy for layoffs, have fallen steadily in the past three months as many companies have stopped laying off workers. That suggests more employers are confident enough in the economy to maintain their existing staffs.

Steady declines in applications are typically followed by more hiring. But that hasn't happened. Instead, job gains have slowed in recent months.

"Companies were not laying off workers ahead of the shutdown but they probably weren't hiring much, either," Jennifer Lee, an economist at BMO Capital Markets, said.

Employers have added an average of just 155,000 jobs a month in the four months through August, according to government data. That's down from an average of 205,000 for the first four months of the year.

On Wednesday, payroll provider ADP said that businesses added just 166,000 jobs in September, evidence that hiring remains sluggish. The ADP figures usually diverge from the Labor Department's more comprehensive monthly employment report, which was scheduled to be released Friday. But the September employment report will now be delayed until the government shutdown ends.

About 4 million people received benefits the week ended Sept. 14, the latest data available. That's about 80,000 more than the previous week. A year ago, more than 5 million people were on the unemployment benefit rolls.

The economy may not be growing quickly enough to encourage companies to ramp up hiring. Most analysts forecast that growth has slowed to an annual rate of 1.5 percent to 2 percent in the July-September quarter, down from a 2.5 percent annual rate in the April-June quarter.

Economists predict that growth is rebounding to an annual rate of 2.5 percent to 3 percent in the current October-December quarter. But those forecasts were made before this week's impasse that shuttered the government. The shutdown could shave about 0.15 percentage points from the fourth quarter figure for each week it lasts.


22.27 | 0 komentar | Read More

Long French dispute with Wikipedia appears to end

Written By Unknown on Rabu, 02 Oktober 2013 | 22.26

PARIS — A long-running feud between French intelligence services and Wikipedia over an entry on "classified" information appears to be over after France's efforts to obscure details about a military installation backfired, instead turning it into an unexpected hit.

In June 2010, French intelligence services learned about the entry detailing a military installation in southern France that, according to the site, could be part of the chain of command for nuclear weapons orders. France's efforts to get the entry pulled — including interrogating the head of French Wikimedia twice — backfired. In April, the entry topped the French site's popularity ratings.

On Tuesday, Interior Minister Manuel Valls quietly released a statement on a parliamentary website saying there would be a government working group on the issue and praising Wikipedia's "lovely project."


22.26 | 0 komentar | Read More

ECB's Draghi: willing to act to support economy

PARIS — European Central Bank head Mario Draghi said the eurozone economy is still fragile and the bank is willing to use "all available instruments" to keep market interest rates from rising and hurting a fledgling recovery.

He said the bank would even consider offering a third round of cheap, long-term loans to banks. The money injection would boost the flow of credit in the economy, hopefully helping growth.

"We view this recovery as weak, as fragile, as uneven," Draghi said at a news conference.

The euro rose after his comments, trading 0.6 percent higher at $1.36, close to a one-year high.

Yet the ECB took no action Wednesday. It left its benchmark interest rate unchanged at a record low 0.5 percent and shied away from any new stimulus measures, such as the credit offering.

The rise in market interest rates that Draghi is worried about is a global phenomenon caused by expectations the U.S. Federal Reserve will scale back its stimulus program. The program had been keeping market rates down, not just in the U.S. but worldwide.

The recent increase in rates has created concern in Europe, where the economy has just begun a recovery and still needs the support of low borrowing costs. The 17-member currency union grew a modest 0.3 percent in the second quarter, after six quarters of recession.

"We are ready to use all available instruments, including another LTRO," Draghi said, using the acronym for longer-term refinancing operation. The ECB has done two such operations in 2011 and 2012, handing out just over 1 trillion in cheap, three year loans to banks. That helped steady the banking system during the worse days of Europe's debt crisis.

So far, the Fed has delayed its decision to start reducing its monetary stimulus program. That has helped keep market rates from rising any further and given the ECB some breathing room.

Draghi also held the door open to another interest rate cut if it's needed. He repeated the bank's stance that the ECB's key rates will stay at their current level or lower "for an extended period" until the economy improves.

Some experts caution that cheaper rates, while welcome, will not be sufficient to boost lending and growth.

Bank lending to business is anemic, both because banks are unwilling to risk loans in a weak economy and businesses don't see the new customers that would repay them to borrow and expand. "Credit flows are weak, I would say, very weak," Draghi said.

Inflation is low at an annual 1.1 percent, giving the ECB room to add more stimulus. Lower rates and more credit can push inflation up, but weak growth has kept price increases down. The ECB's inflation goal is just under 2 percent.

For the moment, Draghi seems content to let his words calm markets while holding off taking action.

Another LTRO could also have its downsides, as a wave of cheap loans could encourage banks to depend on the ECB's largesse instead of fixing their finances.

The bank is headquartered in Frankfurt, Germany but held its meeting at the Bank of France in Paris. It regularly meets in other eurozone countries to underscore its role as the monetary authority for the entire currency union and its 331 million people.

___

McHugh contributed from Frankfurt, Germany.


22.26 | 0 komentar | Read More

Pro-marijuana ads to run on Portland area buses

PORTLAND, Maine — Plans to run ads on Portland area buses and bus shelters promoting a referendum question that would legalize recreational use of marijuana is drawing fire from groups that fight substance abuse.

The ads are funded by the Marijuana Policy Project, a nonprofit that aims to legalize marijuana.

In November, Portland voters will be asked to legalize recreational marijuana use by adults over 21.

The ads on Greater Portland Transit District Metro buses suggest that marijuana is safer than alcohol.

David Faulkner, executive director of Day One, an agency that treats teen drug and alcohol abuse, tells the Portland Press Herald (http://bit.ly/GzHZne) the ads are "disturbing." Others point out that children ride the buses to school.

The president of the bus agency's board says they may take a closer look at the issue.

___

Information from: Portland Press Herald, http://www.pressherald.com


22.26 | 0 komentar | Read More

Revlon CEO Ennis resigns from post

NEW YORK — Makeup company Revlon Inc. said Wednesday that CEO Alan Ennis is leaving to pursue other interests.

The company named former CEO David Kennedy to the post on an interim basis. Ennis had served as CEO since May 2009.

The company, controlled by billionaire businessman Ronald Perelman, has been dealing with declining revenue.

In its most recent quarter, reported in July, net income more than doubled, bolstered by a large insurance gain related to a fire that destroyed a Venezuelan plant. But revenue slipped 2 percent to $350.1 million from $357.1 million, stung by unfavorable foreign currency translation.

It has also been dealing with regulatory issues. In June, Revlon agreed to pay an $850,000 fine to settle federal charges that it withheld key information from shareholders about a "going-private" transaction.

Kennedy, 66, had served as CEO from 2006 to 2009 and is currently Revlon Inc.'s vice chairman. He started at Revlon in 2002 as executive vice president and president of Revlon International.

His appointment as interim CEO is effective immediately.

New York-based Revlon said Wednesday that it expects to name a permanent successor soon.

Its shares slipped a penny to $27.99 in morning trading. The stock has traded between $13.91 and $28.42 in the past 52 weeks.


22.26 | 0 komentar | Read More

US budget deadlock spooks investors

LONDON — Financial markets grew increasingly downbeat Wednesday as investors fretted over the partial shutdown of the U.S. government. Even Italy's stock market gave up ground despite widespread relief over the Italian government's victory in a confidence vote.

The political upheavals in Washington D.C. and Rome have been the main focus in the financial markets this week. While the gridlock in the U.S. capital was showing few signs of resolution on the second day of the partial shutdown, the developments in Italy pointed to a crisis averted.

"Investors are having a little rethink over the implications and longevity of the U.S. government shutdown," said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co.

In Europe, the FTSE 100 index of leading shares was down 0.6 percent at 6.419 while Germany's DAX fell 1.1 percent to 8,596. The CAC-40 in France was 1.3 percent lower at 4,144.

In the U.S., the Dow Jones industrial average was down 0.8 percent at 15,066 while the broader S&P 500 index fell 0.7 percent at 1,683.

One market that bucked the trend for most of the day was Italy's FTSE MIB, which briefly hit a two-year high.

The gains came after Silvio Berlusconi threw his support behind the government of Premier Enrico Letta in a confidence vote, acknowledging defeat on the Senate floor after defections in his party robbed him of the backing he needed to bring down the government.

Investors breathed a sigh of relief knowing that Italy averted a new election and the government can go ahead with its economic reform program.

Milan's FTSE MIB was up 0.2 percent at 18,028. Earlier, it had traded at a two-year high of 18,340, before mounting concerns over the U.S. budget gridlock dented sentiment.

Although most analysts said they expect the U.S. budget stalemate to be resolved before the shutdown inflicts damage on the U.S. economy, the latest stalemate has raised concerns over whether Congress will be able to increase the country's debt ceiling later this month. If it doesn't, the U.S. would face a potential default, a development that could inflict massive damage on the global economy.

"The probability that the government goes right up to the wire on the debt ceiling, thus causing some destabilization in equity markets, is higher than we previously thought," said Dan Greenhaus, chief global strategist at BTIG. "We had said we were starting to get nervous. If this continues, nervousness will have to give way to fright."

The dollar was also under pressure from the budget deadlock.

It was further hampered against the euro by a suggestion from European Central Bank President Mario Draghi that the bank is willing to use "all available instruments" to keep market interest rates from rising and hurting a fledgling recovery. The euro was up 0.5 percent at $1.3585 and not far off its year high of $1.3638. The dollar was 0.8 percent lower at 97.21 yen.

Earlier in Asia, markets were solid following the previous day's relatively strong showing in U.S. markets. Hong Kong's Hang Seng rose 0.6 percent to 22,984.48 while South Korea's Kospi rose marginally to 1,999.47. Markets in mainland China were closed for a public holiday.

However, Japan's Nikkei 225 index plummeted 2.2 percent to close at 14,170.49 after the government announced Tuesday it would go ahead with a sales tax increase in April. The tax, intended to offset the country's soaring public debt, will rise from 5 percent to 8 percent.


22.26 | 0 komentar | Read More

US manufacturing expands at best pace in 2½ years

Written By Unknown on Selasa, 01 Oktober 2013 | 22.26

WASHINGTON — US factory activity expanded last month at the fastest pace in 2 ½ years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months.

The Institute for Supply Management, a trade group of purchasing managers, said Tuesday that its manufacturing index rose in September to 56.2, the highest since April 2011. That's up from 55.7 in August and the fourth straight increase in the index. A reading above 50 indicates growth.

Manufacturers added jobs last month at the fastest pace in more than a year and ramped up production. They also received new orders at a healthy pace, though slower than in August.

U.S. factories are showing signs of picking up after slumping earlier this year. A modest recovery in housing and strong auto sales are pushing up demand for steel and other metals, auto parts, furniture and appliances.

Factories had been hampered by weak growth overseas that lowered demand for U.S. goods. But exports grew last month, though at a slower pace than August. Europe's economy is slowly recovering after an 18-month recession and Japan is also growing faster after two decades of stagnation.

The economy expanded at a 2.5 percent annual pace in the April-June quarter, up from a 1.1 percent annual rate from January through March. Many economists believe growth slowed in the July-September quarter to a 2 percent pace or below. But the gains in manufacturing could set the stage for stronger growth in the October-December quarter.

Earlier this month, the Federal Reserve said manufacturers boosted their output in August by the most in eight years. The gains were driven by a robust month at auto plants.

Still, companies placed only slightly more orders for long-lasting manufactured goods in August after a sharp fall in July. Demand was held back by fewer orders for defense aircraft and other military goods, the Commerce Department said last week. That could be related to steep government spending cuts that took effect in March. Excluding defense spending, orders rose 0.5 percent.

And demand for so-called core capital goods rose 1.5 percent, after falling 3.3 percent the previous month. Core capital goods are a good measure of businesses' confidence in the economy and include items that point to expansion, such as machinery and computers.

But the gains weren't enough to reverse the declines in previous months.


22.26 | 0 komentar | Read More

GM, Toyota, VW sales stall out in September

DETROIT — Sales fell at General Motors, Toyota and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the U.S. auto industry.

GM posted an 11 percent decline compared with a year ago as the company even reported falling sales of its redesigned full-size pickup trucks. Pickup truck sales have been a strong point for the industry as small businesses return to dealer showrooms. Volkswagen sales were off 12 percent, while Toyota sales were down 4 percent.

But Ford and Chrysler appeared to have outperformed the industry. Ford sales were up 6 percent, while sales at Chrysler rose 1 percent.

All automakers report U.S. sales on Tuesday. Chrysler and Ford officials joined many industry analysts in predicting that overall sales fell last month for the first time in more than two years. Analysts say a quirk in the calendar — not lower demand — is to blame.

Labor Day weekend is typically strong for U.S. auto sales, and this year was no exception. But because the holiday came early, the auto industry counted all of that weekend's sales in its August tallies. That means September's sales will be missing the usual holiday boost.

Analysts say all the factors that have been driving this year's strong car sales — including low interest rates, the improving economy and the need to replace aging vehicles — remain in place. They see a strong close to the year.

"The market continues to move at a very healthy pace," said Erich Merkle, Ford's top U.S. sales analyst.

September U.S. sales are expected to total around 1.1 million, according to auto shopping site Edmunds.com. That would be a 4 percent decrease from last September and a 24 percent decrease from the blistering pace in August, which was the best month in more than six years.

The U.S. government shutdown could be the wild card that cuts into sales for the remainder of the year, but Jim Lentz, Toyota's North American CEO, said the only way it would have an impact is if it causes credit to tighten.

At GM, sales of the redesigned Chevrolet Silverado pickup fell 11 percent, while the GMC Sierra dropped nearly 2 percent, reversing a recent trend and marking a contrast to GM's main rivals in the truck market.

Ford reported that sales of its top-selling F-Series pickups rose 10 percent. Chrysler was buoyed by the Ram pickup with sales up 8 percent.

Chrysler also said sales of the Jeep Grand Cherokee SUV increased 19 percent.

Ford was led by sales of its Fusion midsize sedan, which jumped 62 percent over last September, while the subcompact Fiesta posted nearly a 29 percent gain. But sales of the Escape SUV — one of Ford's best sellers — dropped 2 percent to 22,607, and Explorer SUV sales were up just 1.5 percent.

Bill Fay, the Toyota Division chief, said September was still a good month for the industry even though there were two fewer selling days than a year ago. "Industry fundamentals are strong as interest rates stay low and consumers remain confident," he said.

Volkswagen, which has struggled all year against strong 2012 numbers, had a poor month. Its top-seller, the Jetta small car, posted a nearly 10 percent sales decline.

Nissan also reported a sales drop, off nearly 6 percent from a year earlier. The Nissan Division's sales were off 6 percent, while the Infiniti luxury brand posted a 4 percent decline.


22.26 | 0 komentar | Read More

Frontier sold to ultra-cheap airline investor

Frontier Airlines is being sold to William Franke, a pioneer of the cheap tickets and high fees airline business that has spread overseas and is growing in the U.S.

Franke is the former chairman of Spirit Airlines, which has earned consistent profits by jamming more seats on its planes and charging extra for things that other airlines do for free, such as printing a boarding pass at the airport, or using the overhead bin.

Franke's Indigo Partners LLC is buying Frontier for $36 million plus assumed debt. He made it clear that he'll steer Frontier in the same direction as Spirit.

"We endorse and will support continued efforts to build Frontier into a leading nationwide ultra-low cost carrier," Franke said in a statement announcing the deal on Tuesday.

Frontier began moving in that direction last year as Republic Airways got ready to sell it. On Aug. 6 it began charging as much as $100 each way for carry-on bags for some tickets purchased somewhere other than Frontier's website.

The companies said they expect the sale to close in December if several conditions are met, including agreements being reached by the end of this month with the Association of Flight Attendants-CWA and a group tied to Frontier's former pilots union.

There's been a Frontier Airlines in Denver since the 1950s, but that airline was absorbed by People Express and disappeared in 1986. The current version was founded in 1994 by executives from the old Frontier. In 2008 it filed for bankruptcy protection after oil prices spiked. Republic outbid Southwest Airlines to buy Frontier in bankruptcy court in 2009. But Frontier was never a good fit with Republic's main business of operating regional flights for big airlines such as Delta and United.

As recently as last year, nine out of 10 Frontier flights touched Denver. It's been well-thought-of there, where it was seen as an alternative to United and other big airlines. But it's been struggling in that unusually competitive city. United hauled 40 percent of domestic travelers there last year, followed by Southwest with 25 percent and Frontier with 22 percent. Frontier has been adding new cities, such as Trenton, N.J., and it began flying some routes that don't touch Denver at all, such as Kansas City, Mo., to Puerto Vallarta, and Omaha, Neb., to Orlando, Fla.

Franke was born in Texas, but lived in Paraguay and Argentina when he was young, and graduated from high school in Brazil, he said during a Nov. 27, 2012, talk at Northern Arizona University's business school, which is named after him. Franke's talk is posted on YouTube.

Franke got a law degree from Stanford, then spent three years in the Army after "Uncle Sam grabbed me" and he became an infantry platoon leader.

He said he agreed to a request from Arizona Gov. Fife Symington in 1992 to help America West Airlines during its bankruptcy. Franke talked to big creditors like General Electric and Boeing, and ended up being the airline's CEO from 1993 until 2001. He later started Indigo, which focused on investing in airlines.

He decided that Southwest's model could work outside the U.S., in emerging markets "as people needed to get off of a bus and onto an airplane, they needed to find a product that matched up with their income level, that gave them air service at a reasonable fare." Besides investing in Spirit, Franke was an early investor in Irish discount carrier Ryanair, which is widely seen as the first of the ultra-discount, no-frills airlines. He also invested in Hungarian discounter Wizz Air — which charges 10 euros for larger carry-on bags — and Mandala Airlines in Indonesia.

He has also invested in Tiger Air in Singapore, and in 2010 invested in the discount Mexican airline Volaris.

Frontier doesn't necessarily threaten Spirit. The two airlines overlap on just 3 percent of Spirit's flights, wrote Wolfe Research analyst Hunter Keay in a note before the deal was announced. Spirit has its eye on 400 cities where it could grow, leaving it lots of room even if Frontier begins competing more directly, Keay wrote.

Shares of Indianapolis-based Republic Airways Holdings Inc. rose 60 cents, or 5.1 percent, to $12.50 in late morning trading. That is near the upper end of their 52-week range of $4.41 to $13.92.

___

AP Business Writer Michelle Chapman contributed to this report.


22.26 | 0 komentar | Read More

Justices to hear appeal over 'Raging Bull'

WASHINGTON — The daughter of the man who wrote the Oscar-winning movie "Raging Bull" is hoping the Supreme Court will give her a final second TKO against a movie studio for ownership of boxer Jake LaMotta's life story.

The high court on Tuesday agreed to hear an appeal over the movie's copyright, one of eight cases granted by the justices as they prepare for the beginning of the new 2013-14 session on Oct. 7.

The "Raging Bull" case involves an appeal from Paula Petrella, the daughter of the movie's author, Frank Petrella. The elder Petrella died in 1981, with his copyrights reverting to his daughter. She sued Metro-Goldwyn-Mayer, Inc. for copyright infringement for creating and distributing copies of the movie, but the 9th U.S. Circuit Court of Appeals said she waited too long before filing her lawsuit.

She "was aware of her potential claim (as was MGM) since 1991, when her attorney filed renewal applications for the 1963 screenplay," the lower courts said. "She did not file her lawsuit until 18 years later, in January 2009."

The Supreme Court will now review that decision.

Frank Petrella collaborated with his friend, LaMotta, on two screenplays and a book, which were used to make the movie directed by Martin Scorsese and starring Robert DeNiro. The 1980 film won two Oscars, including best actor for DeNiro.

The high court also decided to referee a gun case out of Tennessee where a man's plea to misdemeanor domestic assault banned him from ever legally owning a gun again.

James Castleman pleaded guilty to one count of misdemeanor domestic assault in 2001. He was then charged in 2009 with illegal possession of a firearm by a person convicted of misdemeanor domestic violence after being caught in a straw-purchasing ring with his wife.

A federal judge threw the illegal gun possession charge out, however. Federal law bars a person convicted of misdemeanor domestic violence involving physical force or a deadly weapon from possessing a firearm. The judge said that the Tennessee misdemeanor domestic assault conviction does not require that physical force be used, and so the federal ban could not apply to Castleman.

That decision was upheld by the 6th U.S. Circuit Court of Appeals but the government wants it overturned.

Justices will also decide whether a motorist's anonymous tip about reckless driving is enough for police to pull over a car, without an officer's corroboration of dangerous driving. Officers did not observe erratic driving, but acted after dispatchers received a 911 call saying a vehicle had run the caller off the road and identifying it by its model, color and license plate. Officers searched the truck after smelling marijuana, found four large bags of it and arrested driver Lorenzo Prado Navarette and passenger Jose Prado Navarette. They want the case thrown out.

Those cases will likely be heard early next year.


22.26 | 0 komentar | Read More

GM September US sales fall 11 percent

DETROIT — General Motors says its September sales dropped 11 percent from a year ago.

Even the company's big pickup trucks saw sales declines, with the Chevy Silverado down almost 11 percent and the GMC Sierra off 2 percent.

Industry analysts are predicting that total U.S. auto sales fell about 4 percent because Labor Day weekend was counted in August figures this year The normally strong weekend probably pulled sales from September into August.

GM says it sold almost 188,000 cars and trucks last month. The company says its sales to fleet buyers like rental car companies were off 27 percent for the month.

GM sold 12,730 Chevrolet Cruze compacts, less than half of what it sold a year ago.


22.26 | 0 komentar | Read More

IKEA starts selling solar panels for homes

Written By Unknown on Senin, 30 September 2013 | 22.27

STOCKHOLM — Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.

The company started selling solar panels made by China's Hanergy in its store in Southampton on Monday. It will sell them in the rest of Britain in coming months, it said.

A standard, all-black 3.36 kilowatt system for a semi-detached home will cost 5,700 British pounds ($9,200) and will include an in-store consultation and design service as well as installation, maintenance and energy monitoring service.

"In the past few years the prices on solar panels have dropped, so it's a really good price now," IKEA Chief Sustainability Officer Steve Howard told The Associated Press. "It's the right time to go for the consumers."

The solar panel investment will be paid off in about seven years for an average home owner in Britain, Howard said.

"If you are going to be in your house that long, your energy will be free after seven years," he said.

Some retailers in the U.S., including the Home Depot and Lowe's, already sell solar panels. But in other parts of the world, consumers often have to research a myriad specialist firms before making a purchase.

Howard said IKEA aims to launch the products in other countries eventually. It picked Britain as its test market because it has the right combination of mid-level electricity prices and government-sponsored financial incentives that make investing in solar energy attractive to consumers.

"This is a market by market decision," he said.

The U.K. government offers private solar panel owners the opportunity to sell back electricity to the grid on days when they have surplus production and has a financing plan for solar power investments, which means residents can buy a system for no upfront cost and pay it off gradually.


22.27 | 0 komentar | Read More

Markets rocked by showdowns in DC and Rome

LONDON — Financial markets were rocked Monday by fears that the U.S. government was heading for a partial shutdown and amid renewed political instability in Italy.

Despite a raft of economic news due around the world this week, the focus of attention will likely remain on developments in Washington and Rome.

In the U.S. capital, lawmakers face a deadline of midnight Monday (0400 GMT) for agreeing a budget deal that will avert the first government shutdown since 1996. A failure to do so could see essential federal services shut and place hundreds of thousands of staff on unpaid leave. Ratings agency Moody's has warned that a shutdown would knock 1.4 percent off the U.S.'s annual gross domestic product.

Meanwhile, in Italy, Premier Enrico Letta faces a confidence vote on Wednesday after ministers from Silvio Berlusconi's center-right bloc pulled out of the five-month government. Though Italy hasn't needed a financial bailout like other countries that use the euro, such as Greece and Portugal, it has high debts that have compelled successive governments to instigate wide-ranging economic reforms. The political uncertainty only adds to concern that the reform program will slip.

"If investors had been hoping that common sense would prevail over the weekend, in either Italy or the U.S. for that matter, then they would have ended up sorely disappointed," said Michael Hewson, senior market analyst at CMC Markets. "Given the protagonists involved in events either side of the Atlantic any other outcome, would probably have been wishful thinking and so it has proved."

Given those uncertainties, investors are edgy at the start of a potentially big week on the economic news front, with the data flow scheduled to culminate Friday with the U.S. nonfarm payrolls report for September. A U.S. government shutdown would incidentally cause the postponement of the payrolls release, providing markets with a further uncertainty in the run-up to the next policy meeting of the Federal Reserve.

In Europe, the FTSE 100 index of leading British shares was down 0.8 percent at 6,458 while Germany's DAX fell 1 percent at 8,572. The CAC-40 in France was 1.3 percent lower at 4,133.

Unsurprisingly, Milan's stock exchange was faring worst, trading down 1.5 percent at 17,391. However, bond market investors appeared to be holding their nerve, and the yield on Italy's benchmark 10-year government bond was up only 0.01 percentage points at 4.44 percent.

"If Letta does not win his confidence vote on Wednesday, then we could see a sharper reaction in the bond markets," said Kathleen Brooks, research director at Forex.com. "Overall, the markets seem to be expecting a resolution from the Italian crisis, after all, political risk in Italy is nothing new."

In the U.S., the Dow Jones industrial average was down 0.7 percent at 15,150 while the broader S&P 500 index fell 0.6 percent to 1,682.

How markets end the day will largely hinge on developments in Washington, with the deadline looming. The Senate reconvenes Monday just 10 hours before the partial shutdown begins.

Recent history suggests that some sort of deal may be cobbled together between the Republican-dominated House of Representatives and the Democrats, who control the Senate as well as the White House.

"As we've seen in the past, the months leading up to the deadline are simply seen as an opportunity for both sides to gain political points, while making a villain out of the opposition," said Craig Erlam, market analyst at Alpari. "It's only in the final 24 hours that any actual progress tends to be made. We can only hope that this is what we're seeing again."

In the currency markets, the dollar drifted lower as the day progressed, with the euro recovering earlier losses to trade flat at $1.3525 and the dollar 0.4 percent lower at 97.87 yen.

The price of benchmark New York crude was $1.47 lower at $101.40 a barrel as investors fretted about the impact on the U.S. economy and the consequent impact on energy demand.

The mood was downbeat earlier in Asia as well. Japan's Nikkei 225 stock average, the region's heavyweight, led the way down, closing 2.1 lower at 14,455.80. Among others, Hong's Hang Seng index was down 1.5 percent at 22,859.86. South Korea's Kospi ended 0.7 percent lower at 1,996.96. The Shanghai Composite bucked the trend, closing 0.7 percent higher at 2,174.67.


22.27 | 0 komentar | Read More

Obamacare dispute sends gov't to brink of shutdown

WASHINGTON — Compromise elusive, Republicans and Democrats engaged in finger-pointing Monday just hours before the first government shutdown in 17 years, driven by an intractable budget dispute over President Barack Obama's signature health care law.

"This law is not ready for prime time," said Speaker John Boehner, R-Ohio, who insisted that the Democratic-controlled Senate act quickly and accept a House measure that would avert a shutdown — but only by delaying further implementation of the health care law for a year.

"Where, oh where, has the Senate gone?" asked Rep. Ted Poe, R-Texas.

House Democrats soundly rejected the GOP alternative and pleaded for an end to the fighting. Rep. Ami Bera, D-Calif., implored Boehner to be "the leader of this body" — Democrats and Republicans.

The Senate returns shortly after 2 p.m. EDT — just 10 hours before a threatened shutdown — and Majority Leader Harry Reid, D-Nev., and his Democrats have made it clear that they want a straightforward bill to keep the government operating and won't accept any GOP-crafted legislation that delays or unravels the 3-year-old health care law.

If no compromise can be reached by midnight, Americans would soon see the impact: National parks would close. Many low-to-moderate incomes borrowers and first-time homebuyers seeking government-backed mortgages could face delays. Passport applications would be delayed.

One program that will begin on Tuesday — even with a shutdown — is enrollment in new health care exchanges for millions of Americans — a crucial part of Obama's health care law. That's because most of the program is paid from monies not subject to congressional appropriations.

But about 800,000 federal workers, many already reeling from the effect of the automatic budget cuts, would be forced off the job without pay. Some critical services such as patrolling the borders, inspecting meat and controlling air traffic would continue. Social Security benefits would be sent, and the Medicare and Medicaid health care programs for the elderly and poor would continue to pay doctors and hospitals.

A House GOP leader, Rep. Kevin McCarthy of California, said the House would rebuff the Senate's efforts to advance the short-term funding bill as a simple, "clean" measure shorn of anti-heath care reform provisions.

Since the last government shutdown 17 years ago, temporary funding bills known as continuing resolutions have been noncontroversial, with neither party willing to chance a shutdown to achieve legislative goals it couldn't otherwise win.

"You're going to shut down the government if you can't prevent millions of Americans from getting affordable care," said Rep. Chris Van Hollen, D-Md.

A leader of the tea party Republicans, Sen. Ted Cruz, R-Texas, insisted the blame rests with Senate Democrats.

"The House has twice now voted to keep the government open. And if we have a shutdown, it will only be because when the Senate comes back, (Senate Majority Leader) Harry Reid says, 'I refuse even to talk,'" said Cruz, who led a 21-hour broadside against allowing the temporary funding bill to advance if stripped clean of a tea party-backed provision to derail Obamacare. The effort failed.

The battle started with a House vote to pass the short-term funding bill with a provision that would have eliminated the federal dollars needed to put Obama's health care overhaul into place. The Senate voted along party lines to strip that out and sent the measure back to the House.

The latest House bill, passed early Sunday by a near party-line vote of 231-192, sent back to the Senate two major changes: a one-year delay of key provisions of the health insurance law and repeal of a new tax on medical devices that partially funds it. The steps still go too far for the White House and its Democratic allies.

McCarthy said the House "will have a few other options" for the Senate to consider, though he did not specify them. "The House will get back together in enough time, send another provision not to shut the government down, but to fund it," he said.

He suggested that House Republicans would try blocking a mandate that individuals buy health insurance or face a tax penalty, saying there might be some Democratic support in the Senate for that.

On the other hand, Democrats said the GOP's bravado may fade as the deadline to avert a shutdown nears.

Asked whether he could vote for a "clean" temporary funding bill, Rep. Raul Labrador, R-Idaho, said he couldn't. But he added, "I think there's enough people in the Republican Party who are willing to do that. And I think that's what you're going to see."

A leading Senate GOP moderate called on her fellow Republicans to back down.

"I disagree with the strategy of linking Obamacare with the continuing functioning of government — a strategy that cannot possibly work," said Sen. Susan Collins, R-Maine.

House Republicans argued that they had already made compromises; for instance, their latest measure would leave intact most parts of the health care law that have taken effect, including requiring insurance companies to cover people with pre-existing conditions and to let families' plans cover children up to age 26. They also would allow insurers to deny contraception coverage based on religious or moral objections.

Tea party lawmakers in the House — egged on by Cruz — forced GOP leaders to abandon an earlier plan to deliver a "clean" stopgap spending bill to the Senate and move the fight to another must-do measure looming in mid-October: a bill to increase the government's borrowing cap to avert a market-rattling, first-ever default on U.S. obligations.

McCarthy appeared on "Fox News Sunday," while Cruz and Labrador were on NBC's "Meet the Press." Van Hollen appeared on CBS' "Face the Nation."


22.27 | 0 komentar | Read More

Judge hears claims BP lied to feds about oil spill

NEW ORLEANS — A trial over BP's 2010 oil spill in the Gulf of Mexico has resumed with a federal judge hearing claims that the company misled federal officials and withheld information about the amount of crude spewing from its blown-out well.

During opening statements Monday for the trial's second phase, plaintiffs' attorney Brian Barr said BP failed to prepare for a blowout and compounded the problem by lying about how much oil was flowing from the well.

BP attorney Mike Brock said second-guessing the company's efforts to cap the well is "Monday morning quarterbacking at its worst."

U.S. District Judge Carl Barbier is scheduled to hear four weeks of testimony for the second phase, which also is designed to help the judge determine how much oil spilled into the Gulf.


22.27 | 0 komentar | Read More

American Airlines plans to hire 1,500 pilots

FORT WORTH, Texas — American Airlines says it will hire 1,500 pilots over the next five years.

That's in addition to recalling all of the airline's pilots who have been furloughed.

American plans to start recruiting new pilots this fall. It's already hiring 1,500 new flight attendants.

Airlines have resumed hiring pilots in part because a large number are hitting a new mandatory retirement age of 65. The age was raised from age 60 a little over five years ago.

American earned $71 million in August, after losing $82 million a year earlier. Revenue rose 7 percent to $2.34 billion.

American wants to exit bankruptcy protection in a merger with US Airways Group Inc. First it needs to get past an antitrust lawsuit filed by the Justice Department. A trial is planned for November.


22.27 | 0 komentar | Read More

Mazda recalls midsize cars to fix door latches

Written By Unknown on Minggu, 29 September 2013 | 22.26

DETROIT — Mazda is recalling 161,400 midsize cars in the U.S. because the doors can open while they're being driven.

The recall affects Mazda 6 cars from the 2009 through 2013 model years. The company says the door latch mounting screws can loosen. That can stop the doors from latching. If the latches come loose, a door ajar light will warn drivers.

Mazda traced the problem to improper tightening at the factory or uneven door surfaces. The company will notify owners and dealers will put on a thread-locking adhesive and tighten the screws. The recall will start around Oct. 18. Mazda says the problem hasn't caused any crashes or injuries.

Owners with questions can contact Mazda at (800) 222-5500.


22.26 | 0 komentar | Read More

Trout habitat being restored in Maine stream

FRENCHTOWN TOWNSHIP, Maine — Maine's wildlife agency is restoring brook trout habitat in a stream in the Moosehead Lake area.

The Department of Inland Fisheries and Wildlife and Plum Creek land and timber company have been working together to enhance the habitat on Intervale Brook, an important tributary of First Roach Pond in Frenchtown Township.

Back in the days of log drives, streams like Intervale were straightened, had in-stream boulders and trees removed, and had their banks heightened to make log drives easier. But those things also hurt the habitat for brook trout.

The new restoration initiative involves using what's known as a "chop-and-drop" method to strategically add fallen trees to the stream to provide additional cover for the fish, increase the insect population and create or enhance pools on a four-mile stretch of stream. Plum Creek also has removed berms, restored disconnected stream channels and placed large boulders in the stream.

In one of the final steps in the restoration effort earlier this week, Plum Creek removed an old log-driving dam at the headwaters of the stream.

"Intervale Brook has great water quality, but we need to provide more habitat diversity," said Inland Fisheries and Wildlife biologist Merry Gallagher, who's overseeing the project. "By adding woody material, we can provide habitat and help diversify the stream substrate, which enhances the food supply and provides protection for fish."

Maine is home to 97 percent of the nation's lake and pond brook trout population.

___

Online:

Restoration project: http://www.youtube.com/watch?v=HdrvwXUNaDg


22.26 | 0 komentar | Read More

White House: GOP bill 'reckless,' 'irresponsible'

WASHINGTON — The White House says a House Republican bill that would delay a major provision of President Barack Obama's health care law is reckless and irresponsible.

Obama spokesman Jay Carney also says any Republican who votes for the bill is "voting for a shutdown." He notes that House Republicans have tried and failed to delay or eliminate the law's funding more than 40 times.

The House is expected to vote on the bill Saturday night.

The bill would delay for one year the requirement for nearly all uninsured people to buy health insurance or face penalties. It also would repeal a tax on medical devices.

Obama has said he will not delay his signature legislative achievement. The White House also has expressed opposition to repealing the medical devices tax.


22.26 | 0 komentar | Read More

Friendly’s fights slide

Two years after filing for bankruptcy, Friendly's Ice Cream continues to churn away at a tall order: reinvigorating a 78-year-old chain competing against the likes of Applebee's, Panera, IHOP and Chipotle.

While analysts cite progress important to a turnaround — in customer service, and menu and restaurant updates — some question whether the Wilbraham-based chain can survive in the long run.

Customer satisfaction surveys show consumers like the changes, according to Darren Tristano, executive vice president of Technomic, a Chicago food industry consulting and research firm.

"The important element is will they be able to sustain that positive reaction?" he said. "It will take continuous effort. As some of these older brands continue to age, it gets increasingly difficult to turn them around."

Friendly's CEO John Maguire — a Weymouth native and former Panera COO who joined the company in April 2012 — said Friendly's has seen steady progress in three focus areas: the friendliness and retraining of employees; food quality and menu changes; and the cleanliness and energy level of its restaurants.

By year's end, Friendly's expects to have renovated 45 restaurants, with another 50 planned for 2014.

"We have a long ways to go," Maguire said. "We're just starting out, so sales increases will come as we get more consistent and make the improvements we need to make."

Friendly's expects about $500 million in revenue this year — down from 
$700 million in 2011 — from 355 restaurants and ice cream sales at 7,500 supermarkets and other retailers.

"We're going to exceed our profit expectation for 2013," Maguire said. "We grew in 2012, and we'll grow our earnings in 2013."

Friendly's filed for Chapter 11 bankruptcy in October 2011, citing the economic downturn and rising commodity prices. Over time, it had stopped investing in its employees, quality of its food, and the cleanliness and upkeep of its restaurants, according to Maguire. "If we (address those issues), we'll survive," he said.

Friendly's closed about 100 restaurants before emerging from bankruptcy protection in January 2012 as a leaner chain under an affiliate of private investment firm Sun Capital Partners, which acquired Friendly's in 2007.

Maguire disagrees with those who view Friendly's as past its time, noting the chain holds a special place for many customers who visited as children with parents or grandparents.

"There are people who love and always did love and probably always will love Friendly's," agreed Michael Tesler, senior marketing lecturer at Bentley College. "But I don't know if there is enough. Time has sort of passed by Friendly's between Panera and Chipotle and Shake Shack and Tasty Burger."


22.26 | 0 komentar | Read More

App’s the way to monitor baby

A Boston-based MassChallenge finalist is taking baby-monitoring beyond devices that record only sight or sound.

The SensibleBaby SmartOne is a onesie with a front pocket containing an embedded sensor that sends a constant signal to a nearby smartphone via an app that alerts parents when a sleeping infant is too hot, too cold or sleeping on his or her stomach.

"We want to be a co-parenting tool that empowers people with information so that they don't have to worry about their child," said SensibleBaby CEO Ben Cooper, who's expecting his first child in December.

Cooper and his three co-founders — Jeff Tagen, Jill Ju and Jack Sivak — met as strangers in March at Start-up Weekend, a 54-hour marathon during which aspiring entrepreneurs form teams, pitch an idea and make it a reality.

The four decided to try to create something better than baby-monitoring audio recorders and video cameras on the market.

"Audio monitors are wonderful, but if you're not listening, they don't help," said Cooper, 29. "We wanted to only alert parents when they need to act."

By the end of the weekend, they had a name for their new company, a logo, a website and a working prototype consisting of a taped-together sensor that dropped into a hand-sewn sock.

"It wasn't very pretty," Cooper recalled with a laugh, "but it worked."

It worked well enough that the four won, and one of their prizes was a waived application fee to MassChallenge, the Boston start-up accelerator and $1 million competition, which wraps up on Oct. 30.

In the meantime, the team won $100,000 through Founder.org and is using the money to refine and test their product for what they hope will be a launch in the first quarter of next year.

SmartOne sets will contain a sensor and three onesies, and will sell for between $100 and $150 in baby boutiques and on the company's website, mysensiblebaby.com.


22.26 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger