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Indictment, charges over Cape Cod oyster thefts

Written By Unknown on Sabtu, 29 Maret 2014 | 22.27

BARNSTABLE, Mass. — A Yarmouth man has been indicted for stealing more than $40,000 worth of oysters and equipment from oyster-farming beds in Dennis and Barnstable last summer.

A Barnstable County grand jury on Friday indicted Michael Bryant on charges of larceny, shellfish violations, shellfishing in a contaminated area and commercial fishing license violation. The indictment occurred the day that restaurant owner Joseph Vaudo pleaded guilty to a charge of receiving stolen property from Bryant.

The Cape Cod Times (http://bit.ly/O7enAj ) reports that the 62-year-old Vaudo was ordered to pay $6,250 in fines and court costs. Barnstable police Lt. Sean Balcom says the businessman may have additional problems with his permits to buy shellfish and operate his wholesale and retail business.

No date has been set for the arraignment of 37-year-old Bryant.

___

Information from: Cape Cod (Mass.) Times, http://www.capecodonline.com


22.27 | 0 komentar | Read More

Health law legacy eludes Obama as changes sink in

WASHINGTON — As a roller-coaster sign-up season winds down, President Barack Obama's health care law has indeed managed to change the country.

Americans are unlikely to go back to a time when people with medical problems could be denied coverage.

But Obama's overhaul needs major work of its own if it is to go down in history as a legacy achievement like Medicare or Social Security.

Major elements of the Affordable Care Act face an uncertain future:

—As a 6-month-long sign-up season comes to an end Monday the administration's next big challenge is to make 2015 open enrollment more manageable for consumers unaccustomed to dealing with insurance jargon. There's also concern premiums will rise next year.

—The new insurance markets created by the law are anything but customer friendly. After the HealthCare.gov website finally got fixed, more than 6 million people have managed to sign up, allowing the exchanges to stay afloat economically. But many consumers have bought policies with restricted access to top-tier hospitals and the latest medications. The website is seeing heavy traffic this weekend, and consumers may encounter a wait or last-minute glitches.

—Nearly half the states are still opposed to or undecided about the law's expansion of Medicaid, the government's health insurance program for the poor. As a result, millions of low-income people who otherwise would have been covered remain uninsured.

—This year's pitch has been about the "carrots" in the law: subsidies and guaranteed coverage. But the "sticks" are just over the horizon: collecting penalties from individuals who remain uninsured and enforcing requirements that medium- to large-sized employers provide affordable coverage.

Many basic facts about the ultimate effects of the health insurance program remain unclear. It's not known how many of those who have gotten coverage were previously uninsured — the ultimate test of the law. Independent measurements by Gallup do show fewer uninsured Americans, but such progress hasn't won hearts and minds. The public remains deeply divided, with opponents of the law outnumbering supporters.

At a recent insurance industry conference, a top administration official acknowledged the huge job still ahead.

"The No. 1 thing that probably we've all learned from 2014 is that this is hard work," said Gary Cohen, outgoing director of the Center for Consumer Information and Insurance Oversight, the agency created to carry out the health care law. "It's not a one-year project; it's a multiyear project ... we're asking a lot, frankly, of consumers," he added. "This is new for them."

Among those consumers is Dan Luke of St. Paul, Minn., the owner of a small video production company who had been uninsured since he was turned down for coverage last year due to a pre-existing condition. The condition? Luke was born with one eye due to a birth defect, and he uses a glass eye.

"For 63 years I've had one eye," said Luke. "They had to dig deep to find that."

He's happy with the coverage he and his wife have bought; they're saving $300 a month on premiums compared with the last time they had insurance. But he said he had to endure weeks of website run-arounds.

"There is a lot of bureaucracy involved," said Luke. "It's sort of like taxes, filled with loopholes and pitfalls. They should make it easier for people to get insurance and pay for insurance, rather than have to prove so many things and jump through so many hoops."

Those comments echo sentiments broadly reflected in national opinion polls. Most Americans want lawmakers to fix the problems with the health care law, rather than scrapping it. A new AP-Gfk poll finds that only 13 percent expect the law will be completely repealed. Seventy-two percent say it will be implemented with changes, whether major or minor.

Republicans have again made repeal of "Obamacare" their official battle cry this election season. But even if the GOP wins control of the Senate and Congress were to repeal the law next year, the president would veto it. Opponents would then need a difficult two-thirds majority in both chambers to override Obama's veto.

"It's going to depend on the next couple of elections whether we stick with the current ACA models," said Brookings Institution health policy expert Mark McClellan, who oversaw the rollout of the last major federal coverage expansion, the Medicare prescription drug benefit.

"We are still a long way from a stable market and from completing implementation," he said. But "we're not going back to people with pre-existing conditions having no good options."

The administration will have to get to work quickly on a plan for next year. It is still struggling with such basics as providing consumers with clear information about the process and their options.

Until now, those signing up have skewed toward an older crowd. That could lead to higher premiums next year, making the program a harder sell for younger people.

Some Democratic lawmakers who voted for the law are frustrated.

"Instead of just circling the wagons against all the political arrows that are shot against this plan, we need a little more accountability, and we need to ensure the next enrollment period is not handled as poorly as the last one," said Rep. Lloyd Doggett, D-Texas.

DeAnn Friedholm, health reform team leader for Consumers Union, said her group still supports Obama's overhaul, but with concerns.

"The jury is out in terms of its long-term success," she said. "We still think it's better than the old way, which left a lot of people out because they were sick."


22.27 | 0 komentar | Read More

EuropaCorp's 'Taken 3′ takes off with international distribs

PARIS- The third opus of EuropaCorp's mega-hit franchise, "Taken 3" has been picked up in all major territories ahead of its shooting start tomorrow.

The Liam Neeson starrer has been acquired by EuropaCorp's partners in China (Fundamental), Germany (Universum), Benelux (Belga), Middle East (Gulf) and Scandinavia (Scanbox). Fox will release the movie in the U.S. and in most international markets.

Helmed by Olivier Megaton, who directed the last installment, "Taken 3" will star Forest Whitaker, Maggie Grace and Famke Janssen.

"Taken 2" grossed $376.1 million worldwide, while "Taken" tallied $226.8 million worldwide.

Principal photography kicks off March 29 in Los Angeles. Plot details are still under wraps.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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After chasing Jimmy Fallon on Twitter, Ford strikes ad pact with 'Tonight'

Ford Motor Co. won a heated contest among Detroit's top automakers to get "Tonight" host Jimmy Fallon to buy one of their trucks, and may have done so through an ad pact with NBCUniversal.

Automakers including Ford, General Motors, Chrysler Group's Ram Trucks and even Nissan have lit up Twitter since March 5 after Fallon revealed on "Tonight" that he intended to buy a truck. In the first segment of the March 28th episode of the program, Fallon revealed he had chosen a Ford F-150, and that the show would spend next week showing 10 Ford dealers from around the U.S. competing to sell him the vehicle by keeping their hands on a F-150 placed on the U.S.S. Intrepid in New York City.

The contest, called "Fingers on a 4X4," was given an on-screen graphic festooned with a Ford logo, and the automaker made its victory known with tweets posted during "Tonight":

Welcome to the family @JimmyFallon. Great choice! #FallonTonight http://t.co/Ku4CMDIUzC--
Ford Motor Company (@Ford) March 29, 2014

Great choice, @jimmyfallon. Need help loading pumpkins into your 2015 #F150 King Ranch? #FallonTonight #fingersona4x4 http://t.co/b2zpYzQK6P--
Ford Trucks (@FordTrucks) March 29, 2014

The promotional deal suggests NBCUniversal isn't content to let advertisers use Twitter to attach themselves to Fallon's antics without buying spots during the show. In recent weeks. a number of sponsors have done just that: Ocean Spray, the consortium of cranberry growers, has been using Twitter to urge Fallon to give a nod to its "cranberry sauce singles," an idea for a sandwich-fixing Fallon has brought up on 'Tonight." But the company at present has no intention to buy TV ads, said Thanos Chaltas, Ocean Spray's global chief marketing officer, in a recent interview.

Perhaps NBCU views the advertiser tweets as invitations to call and try to make a deal.

The appearance of the Ford ad during the program also suggests Fallon and his producers are open doing in-show commercials. The technique that has gained more traction during latenight TV as so-called "commercial ratings," or measures of TV viewers who actually watch the ads, have become the measure by which TV networks get paid by sponsors. Jimmy Kimmel on ABC, David Letterman on CBS and Conan O'Brien on TBS have all embraced the idea at different times in the recent past.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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2 more recalls push GM total to 4.8M in a month

DETROIT — General Motors announced two more recalls late Friday, bringing to 4.8 million the number of cars, trucks and SUVs the automaker has called back for repairs in the past month.

The string of recalls, topped by an ignition switch problem in compact cars now linked to 13 crash deaths, has embarrassed the company and sidetracked its new CEO, who started work just over two months ago. GM has admitted knowing about the switch problem a decade ago, yet it didn't recall any cars until February. The recall delay has brought two congressional investigations and probes by the Justice Department and the National Highway Traffic Safety Administration.

Late Friday night, GM announced it would recall 490,000 late-model pickup trucks and SUVs because transmission oil cooling lines weren't secured properly in their fittings. Transmission oil can leak from a fitting and hit hot surfaces, causing fires, the company said in a statement. GM said it knows of three fires and no injuries.

The recall affects Chevrolet Silverado and GMC Sierra 1500 pickup trucks from the 2014 model year, as well as 2015 Chevrolet Suburban and Tahoe SUVs and the GMC Yukon and Yukon XL SUVs. All have six-speed automatic transmissions.

The Silverado is GM's top-selling vehicle and an important profit center for the company. The GMC Sierra also is among GM's top sellers.

Dealers will inspect the transmission oil cooling line fittings and make sure they're securely seated, at no cost to owners.

Also Friday night, GM announced the recall of 172,000 Chevrolet Cruze compact cars because the right front axle shaft can fracture and separate while being driven.

The recall affects cars from the 2013 and 2014 model years equipped with 1.4-liter turbocharged four-cylinder gasoline engines.

If a shaft fractures, the wheels would lose power without warning and the cars would coast to a stop.

GM says it has warranty reports of several dozen shaft fractures. It is not aware of any crashes or injuries.

Dealers will replace the shafts free of charge.

The recall allows dealers to resume selling affected Cruzes. GM issued a stop sale order on the cars Thursday night.

The recall also covers about 2,500 replacement shafts used to fix manual transmission Cruzes that were recalled last September.

In all, GM has recalled 4.8 million vehicles since last month, two million more than the company sold last year in the U.S. In addition to the recalls announced Friday night, they include:

— 2.6 million small cars because their ignition switches can move from the "run" to the "accessory" or "off" position, which causes the car to stall and disables the air bags and power steering. The recall includes the Chevrolet Cobalt, Chevrolet HHR, Pontiac G5, Pontiac Solstice, Saturn Ion and Saturn Sky from the 2003-2011 model years.

— 1.18 million SUVs because their side air bags, front center air bags and seat belt pretensioners might not deploy if drivers ignore an air bag warning light on their dashboard. The recall includes the Buick Enclave and GMC Acadia (2008-2013); Chevrolet Traverse (2009-2013); and Saturn Outlook (2008-2010)

— 303,000 Chevrolet Express and GMC Savana vans (2009-2014) because the material on the instrument panel might not adequately protect unbelted passengers' heads in a crash.

— 63,900 Cadillac XTS sedans (2013-2014) because a plug in the brake assembly can get dislodged and short, increasing the risk of an engine compartment fire.

GM also said Friday that it has found another death attributed to the ignition switch recalls, bringing the company's count to 13. The additional fatality happened in 2013 and involved a 2007 Chevrolet Cobalt in Quebec, Canada. The company didn't give further details of the crash.

GM says dealers will start getting replacement ignition switches on April 7, but it will take until October to repair all of the vehicles. CEO Mary Barra says they are safe as long as drivers remove everything from their key rings. Weight on the rings can wear down the inside of the switches, causing them to slip out of the run position.

Trial lawyers, however say the cars should be parked because the ignitions can slip out of the run position on bumpy roads.


22.27 | 0 komentar | Read More

BlackBerry revenue falls below a $1 billion

Written By Unknown on Jumat, 28 Maret 2014 | 22.27

TORONTO — BlackBerry reported a steep drop in profit and revenue Friday as it transitions from a smartphone company to a software business under its new chief executive. Shares rose five percent in morning trading as CEO John Chen cut expenses quicker than expected.

The Canadian company lost $423 million, or 80 cents per share. Adjusted for one-time items, however, the company lost 8 cents per share, much better that the losses of 56 cents per share that Wall Street had expected, according to a poll by FactSet.

Revenue fell to $976 million, the first time the company has seen revenue fall below $1 billion since late 2007, and short of the $1.1 billion analysts had projected. Blackberry reported revenue of $2.7 billion in the same quarter last year.

It is the second quarterly results under Chen, who is deemphasizing the hardware business after last year's launch of the BlackBerry 10 failed to spark a turnaround. The BlackBerry has been hammered by competition from the iPhone as well as Android-based rivals.

"The guy is on the move fast," said Colin Gillis, an analyst at BGC Partners. "He can control expenses but you can't magically make revenue happen."

Chen, who is credited with turning around Sybase, a data company that was sold to SAP in 2010, is putting more emphasis on BlackBerry's mobile device management business, a collection of software that allows IT departments to manage different devices connected to their corporate networks. He is also emphasizing BlackBerry's popular BlackBerry Messenger application that is now also available on Apple and Android devices. And he is trying to highlight Blackberry's embedded QNX software systems, which are used in-vehicle infotainment systems and industrial machines.

"I see this as a good turnaround plan," Chen said on a conference call with analysts. "Knock on wood I'm hoping that it will also slow down the erosion."

BlackBerry announced last December that it's entering into a five-year partnership with Foxconn, the Taiwanese company that assembles products in vast factories in China. Foxconn, known for its manufacturing contract work on Apple's iPhones and iPads, will jointly design and manufacture most BlackBerry devices and manage inventory of the devices in an agreement that will offload much of BlackBerry's manufacturing costs. Chen has said he'll be happy to break even or make a small profit on the device business.

The revenue breakdown for the quarter included about 37 percent from hardware, 56 percent for services and seven percent for software and other revenue.

In another sign of just how unpopular BlackBerry's new phones are Chen said he'll restart production its older model 7 models, which are more popular than the new phones. The company said it sold 3.4 smartphones in the quarter — 2.3 million of which were the older 7 models. He said customers are asking for old BlackBerrys.

BlackBerry had $2.7 billion in cash and investments — down from $3.2 billion in the last quarter.

Shares rose 31 cents to $9.36 in morning trading.

The BlackBerry, pioneered in 1999, changed the culture by allowing on-the-go business people to access wireless email. The company formerly known as RIM was once Canada's most valuable company with a market value of $83 billion in June 2008, but the stock has plummeted since, from over $140 share. The company now has a market value of about $4.9 billion.

Its decline is evoking memories of Nortel, another Canadian tech giant, which ended up declaring bankruptcy in 2009.


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Maria Bartiromo launches Fox Sunday show

NEW YORK — Political junkies have plenty of choices on Sunday-morning television. That's not the case for those who follow business, a niche that Maria Bartiromo hopes to fill starting this weekend on Fox News Channel.

The former CNBC personality debuts her one-hour program, "Sunday Morning Futures," at 10 a.m. EDT. It will feature interviews with business leaders and round-table discussions, with an emphasis on anticipating the financial stories of the upcoming week.

"You turn on the television Sunday morning and you see all of these politicos talking their talking points, but very rarely do you ever see anybody connecting the dots — it's about the economy, it's about job creation, it's about business," she said. "What I hope to do is get business people into the conversation on Sunday morning."

Original business programming is scarce on Sundays, even on networks that cater to that audience. CNBC and Fox Business Network both air infomercials for most of the daytime hours.

The Sunday Fox News slot was an important enticement for Bartiromo to make the jump to Fox, where she also hosts a two-hour weekday morning show on the business network. For two decades, Bartiromo was one of the main attractions at CNBC, the "Money Honey" whose breathless reporting from the floor of the New York Stock Exchange defined a go-go era.

On its face, the move to Fox Business lowers her visibility since FBN has struggled to establish itself as a competitor. Bartiromo's "Opening Bell" has averaged 54,000 viewers a day since she joined last month, compared with the 191,000 viewers that CNBC gets in the same time slot, the Nielsen company said.

A Sunday show on the Fox News Channel, meanwhile, offers a chance to reach a much larger audience. Fox is averaging 1.1 million viewers each week for the news and medical shows that "Sunday Morning Futures" will be displacing, more than the combined viewership for a CNN show with Fareed Zakaria and an MSNBC program with Melissa Harris-Perry in the same time slot.

Bartiromo said she had considered another deal at CNBC when her contract came due but decided to look around, too. She concluded her job at CNBC wouldn't change much, and she was looking to do some things differently. She was ready for a move.

"They have gotten so chatty, with so much personality, that they left some of the content on the cutting room floor — business information," she said.

Bartiromo said she believes CNBC's fast pace is no longer in tune with the times.

"I just felt this pressure to do five-minute interviews and this pressure to have five people on at once and I just got tired of it," she said. "I felt like I needed something with a little more substance and perspective and felt it was going to be hard to do that where I was because the structure is the structure and the machine keeps on going."

CNBC spokesman Brian Steel declined to comment.

Bartiromo said it's telling that many Wall Street firms are concentrating more on long-term wealth management strategies. "People don't care about buying XYZ (stock) at 10 o'clock and selling it at 10:01," she said. "It's not what they're looking to do."

Instead, she's looking to do longer interviews with, she hopes, a longer-term perspective. Among her interview subjects since she's joined Fox Business have been Blackstone Group Chairman and CEO Stephen Schwarzman, Morgan Stanley CEO James Gorman, AIG CEO Bob Benmosche, Starbucks CEO Howard Schultz and eBay CEO John Donahoe.

Former Treasury Secretary Larry Summers, Merck CEO Kenneth Frazier and Cleveland Clinic chief executive Dr. Toby Cosgrove are scheduled to be on Bartiromo's first show.

___

David Bauder can be reached at dbauder@ap.org or on Twitter@dbauder. His work can be found at http://bigstory.ap.org/content/david-bauder

___

Online:

http://www.foxnews.com/


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Stocks rise as consumer spending inches higher

NEW YORK — After two days of declines, stocks were moving higher in early trading Friday following news that U.S. consumer spending rose the most in three months in February.

KEEPING SCORE: The Standard & Poor's 500 index rose 15 points, or 0.8 percent, to 1,864 in the first half-hour of trading. The Dow Jones industrial average rose 141 points, or 0.9 percent, to 16,406 and the Nasdaq composite rose 40 points, or 1 percent, to 4,191.

SPENDING: The Commerce Department reported that Americans spent slightly more in February. Consumer spending inched up 0.3 percent, a hair short of economists' forecasts. Incomes rose at the same pace.

THEY'RE STILL ALIVE: BlackBerry rose 40 cents, or 4 percent, to $9.45 after the company reported quarterly results that were better than expected. Sales fell below $1 billion for the first time since 2007, but the company's loss was not as wide as feared as new CEO John Chen restructures the company.

CBS SPLITS: CBS Outdoor, a major outdoor advertising company, rose $2.07, or 7 percent, to $30.05 on its first day of trading. CBS decided to spin off CBS Outdoor into a separate publicly traded company because executives believed billboard advertising did not fit well with CBS's primary business of broadcasting.

OTHER MARKETS: The yield on the 10-year Treasury note hovered around 2.69 percent, roughly where it was late Thursday. The price of crude oil edged up 78 cents, or 0.8 percent, to $102.06 a barrel. Gold was little changed at $1,295 an ounce.


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GM tells dealers to stop selling some Chevy Cruzes

DETROIT — General Motors has told dealers to stop selling some 2013 and 2014 Chevrolet Cruze compact cars.

But the company won't say why.

Dealers say stop-sale orders are routine and almost always made to fix a safety problem. They received the order in an e-mail Thursday, but no reason was given.

The move comes as GM deals with fallout from a delayed recall of 1.6 million older small cars to fix an ignition switch problem. The company says the switches can slip out of the run position and shut down the engine. That causes loss of power steering and brakes and disables air bags.

GM says the problem has been linked to 31 crashes and at least a dozen deaths.

Spokesman Greg Martin says he has no details on the Cruze.


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Unemployment rates fall in 29 US states last month

WASHINGTON — Unemployment rates fell in most states in February and two-thirds of the states reported job gains, evidence that most of the country is benefiting from slow but steady improvement in the job market.

Unemployment rates dropped in 29 states, rose in 10 and were unchanged in the remaining 11, the Labor Department said Friday. Meanwhile, hiring rose in 33 states and fell in 17.

The rate declines occurred even though unemployment rose nationwide last month, to 6.7 percent from 6.6 percent in January. That increase occurred partly for a good reason: more Americans began looking for work, though most weren't immediately hired. But the fact that they started looking suggests they were optimistic about their prospects.

Employers added 175,000 jobs nationwide in February, close to the average monthly gains of the past two years. Those gains followed two meager months of hiring. Employers added only 129,000 jobs in January and just 84,000 in December. Harsh winter weather likely dragged on job gains in those months.

The biggest drop in unemployment occurred in South Carolina, where the rate fell to 5.7 percent from 6.4 percent. Ohio reported the next biggest decline, to 6.5 percent from 6.9 percent.

South Carolina actually lost jobs last month, so the big drop in its unemployment rate partly occurred because many of the unemployed stopped looking for work. The number of unemployed people in the state fell sharply. The government doesn't count those out of work as unemployed unless they are actively searching.

Another factor: The unemployment rate and job counts come from different surveys that can produce disparate results. The number of jobs in each state is calculated from a survey of employers, while the unemployment rate stems from a separate survey of households. The number of people in South Carolina who said they had jobs rose, even though the survey of employers found fewer overall positions.

Rhode Island reported the highest unemployment rate, at 9 percent, followed by Illinois at 8.7 percent and California with 8 percent.

North Dakota had the lowest rate, 2.6 percent, followed by South Dakota and Nebraska at 3.6 percent each.


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Chicago firm moves toward suit over Malaysia plane

Written By Unknown on Kamis, 27 Maret 2014 | 22.28

CHICAGO — Court documents that often precede a lawsuit have been filed by a U.S. law firm on behalf of a relative of a passenger on missing Malaysia Airlines Flight 370.

The filing in Chicago asks a judge to order Malaysia Airlines and Chicago-based Boeing Co. to turn over documents related to the possible "negligence" caused the Boeing 777 to crash, including any documentation about the chances of "fatal depressurization" in the cockpit.

"Additional pleadings will be filed in the next few days against other potential defendants who are designers and manufacturers of the component parts that may have failed in the aircraft," Chicago-based Ribbeck Law Chartered attorney Monica Kelly said in a statement. The documents filed Tuesday in Cook County Circuit Court seek to preserve evidence.

They were filed on behalf of Januari Siregar, who the law firm says is a relative of Indonesian-born passenger Firman Chandra Siregar. The filings were not clear about their exact relationship.

Kelly said lawyers are asking a judge to order Boeing to provide the names of companies that manufactured the locator beacon, the electric components, batteries and fire alarm systems, the emergency oxygen generators and those who last inspected the aircraft's fuselage. The law firm is also seeking from Malaysian Airlines the identities of people with information about the training of the crew; their physical and psychological evaluations; and the security practices of the airline.

Boeing spokesman John Dern declined comment. Phone and email messages were left for airline officials Wednesday.

In its corporate self-portrait, Ribbeck Law boasts of its success at obtaining compensation for the families of victims of aviation disasters. The National Transportation Safety Board complained after the crash landing of Asiana Flight 214 in San Francisco last year that some attorneys may have violated a U.S. law barring uninvited solicitation of air disaster victims in the first 45 days after an accident.

The NTSB pointed specifically at Ribbeck Law, reporting the firm to Illinois' Attorney Registration and Disciplinary Commission. It was unclear Wednesday if the agency took any action on the complaint.

At the time, Kelly said the firm legally and ethically obtained its clients related to the crash and that all initiated contact with the firm, which is representing 83 passengers of the Asiana flight.


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Stocks give up an early gain and turn lower

NEW YORK — The stock market continued its recent pattern of one step forward, one step back.

After starting the day higher following an encouraging report on orders for manufactured goods, stocks drifted lower in afternoon trading Wednesday and gave up their gains from a day earlier. Facebook led the technology sector lower as investors gave the company's latest acquisition the thumbs-down.

The Standard & Poor's 500 index fell the most in two weeks and is now flat for the year. Investors are waiting for a catalyst that will either push the market higher or cause a sustained sell-off. Many anticipate that the stock market will resume its upward trajectory later in the year as the economy strengthens following an unusually harsh winter.

"We're going through this back and forth, I would call it a consolidation phase, digesting the huge gains we've had," said David Lafferty, chief market strategist at Natixis Global Asset Management. "Most of the movement in stocks will tend to be in the latter half of the year."

The S&P 500 fell 13.06 points, or 0.7 percent, to 1,852.56. The index is up 0.2 percent for the year, after rising almost 30 percent in 2013.

The Dow Jones industrial average lost 98.89 points, or 0.6 percent, to 16,268.99. The technology-heavy Nasdaq composite fell more than the other indexes, giving up 60.69 points, or 1.4 percent, to 4,173.58.

Facebook was one of the biggest losers.

The social media network slumped $4.51, or 6.9 percent, to $60.38 after announcing a $2 billion acquisition of virtual reality company Oculus late Monday. It was Facebook's second big acquisition in as many months. Last month the company announced that it would pay $19 billion for messaging startup WhatsApp.

Investors may be questioning whether the returns on those investments will ultimately justify the big outlays, said Lawrence Creatura, a portfolio manager at Federated Investors.

Another loser in the technology sector was King Digital Entertainment.

The online games company, which makes the popular "Candy Crush Saga," slumped on its first day of trading. The company raised $499.5 million in an initial public offering. The company's stock fell $3.50, or 15.6 percent, to $19 on its first day of trading.

The stock market opened higher after a report showed that orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount since November, 2.2 percent. Demand for airplanes and automobiles drove the gains, according to the Commerce Department report. Last month's rise in durable goods orders followed a 1.3 percent drop in January.

"The bigger issue right now is whether or not growth in the United States is going to reaccelerate as the year goes on," Paul Karos, portfolio manager at Whitebox mutual funds. "We are assuming a bounce back after this weak first quarter."

Health care companies bucked the downward trend and were the only industry sector to rise. The sector is rebounding after getting caught up in a brief sell-off of biotechnology stocks on Friday and Monday. Biotech companies slumped after lawmakers raised concerns about the prices of some drugs.

Tenet Healthcare rose $2.03, or 5.2 percent, to $40.93. Quest Diagnostic rose $3.05, or 5.6 percent, to $57.99. Hospitals and medical device companies are attractive because they have steady revenue streams.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.69 percent from 2.75 percent from late Tuesday. The price of crude oil rose $1.07, or 1.1 percent, to $100.26 a barrel. Gold fell $8, or 0.6 percent, to settle at $1,303.40 an ounce.

Among other stocks making big moves:

— International Game Technology fell $1.23, or 8.3 percent, to $13.62 after the company lowered its annual profit forecast, saying North American gambling revenue has declined more steeply than it expected. Its international business is being hurt by weakening currencies and other problems.

— Discount retailer Five Below shot higher after its quarterly profit and sales beat analysts' expectations. The stock jumped $4.34, or 11 percent, to $42.34.

— Citigroup fell $2.66, or 5.3 percent, to $47.50 in after-hours trading after the Federal Reserve turned down the bank's plan to spend $6.4 billion buying back its own stock and increasing its quarterly dividend from 1 cent to 5 cents.


22.28 | 0 komentar | Read More

Women: J&J trashed records in product injury suits

TRENTON, N.J. — Lawyers and advocates for women alleging Johnson & Johnson products injured them urged the U.S. Justice Department on Wednesday to investigate their claims the health care giant deliberately destroyed many documents critical to their lawsuits.

Corporate Action Network, a nonprofit group seeking to hold businesses accountable for their actions, said that it's written to Attorney General Eric Holder to look into whether J&J, based in New Brunswick, N.J., and CEO Alex Gorsky committed the crimes of obstructing justice and destroying records in a federal probe.

"Hundreds of thousands of women continue to suffer ongoing, severe harm," from J&J's pelvic mesh implants, network spokeswoman Levana Layendecker said during a call with reporters. "I hope Johnson & Johnson is held accountable for their failure to warn."

The implants are widely used to hike up sagging pelvic organs, common in older women and those who've had children — and often the cause of embarrassing bladder leaks when they laugh, sneeze or lift something heavy. More than 22,000 women suing J&J blame its implants for crippling pain, infections and bleeding.

Last month, U.S. District Court Judge Cheryl Eifert in southern West Virginia, who is handling most of the implant lawsuits, concluded J&J destroyed thousands of documents regarding development of its pelvic mesh implants, but said there was no proof that was done intentionally. The documents would include reports on patient testing of the mesh implants and could show whether participants suffered serious complications.

Jane Akre, founder of an online network for pelvic mesh implant "survivors," said Johnson & Johnson was aware of possible harm and didn't warn the public.

"Evidence we've presented at trial showed they knew these implants would cause complications and they just didn't care. Many women are now disabled and they can't leave their beds, they're in so much pain," she said during the conference call.

"Women have killed themselves because the pain eclipses childbirth pain, it's that bad," Akre said in an interview.

Matthew Johnson, a spokesman for Johnson & Johnson's Ethicon unit, which makes the implants, said in a statement that the company "acted appropriately and responsibly in the research, development and marketing of our pelvic mesh products," which he said are considered a "gold standard" treatment.

"Ethicon has engaged in extensive efforts to preserve and produce evidence in the pelvic mesh (federal litigation) which has led to the production of millions of pages of documents to date. In the context of Ethicon's substantial document production, the inadvertent loss of certain, limited documents has not prejudiced plaintiffs in their ability to pursue their claims," he added.

Sagging pelvic organs were fixed with traditional surgery until the late 1990s, when J&J launched the first pelvic mesh implants, a twist on a similar product long used to repair hernias. The pelvic implants, which function like a sling attached to bones to lift fallen organs back up, were billed as more effective than just stitching organs into place. Six other companies then launched rival products.

Women soon began complaining of complications so severe they can't work, need strong painkillers around the clock and now find intercourse unbearably painful. That's because the mesh, similar to a window screen, over time can dig into the exterior tissue of the vagina or bladder, causing a sensation some have likened to having barbed wire twisting inside your body.

Attorneys have been advertising heavily for potential plaintiffs in recent years, and the litigation has grown into possibly the largest mass medical injury case in the country.

Plaintiff Linda Dotson of Loudon, Tenn., told reporters that after having mesh implanted in two areas of her pelvis in 2006, she quickly developed a dangerous blood clot and then suffered hemorrhaging, severe pain, unexplained fevers, fatigue and other flu-like symptoms. She had to have a couple of surgeries to remove much of the mesh, took antibiotics for months and still suffers.

Justice Department spokeswoman Allison Price said the department is reviewing the group's letter.

Corporate Action Network said it plans to bring injured patients to speak at J&J's annual shareholder meeting on April 24.

The group also alleges that J&J has harmed other patients, particularly women, with faulty hip implants — which the company has since taken off the market amid a crush of lawsuits — and with baby and beauty products containing undisclosed toxic ingredients. Under pressure from multiple consumer and environmental groups for the past several years, J&J has begun reformulating those shampoos, skin care and other personal care products with safer ingredients.

Johnson & Johnson, the world's biggest maker of health care products, has run afoul of the federal government previously.

It's operating under an agreement requiring it to make major upgrades to three medicine factories responsible for dozens of product recalls since 2009 for problems including drugs with the wrong level of active ingredient and liquid medicines with tiny metal or glass shavings in them.

Separately, after the Justice Department joined three whistleblower lawsuits alleging Johnson & Johnson marketed some of its powerful prescription drugs for unapproved uses, the company last November paid federal and state fines of more than $2.2 billion. It also entered a five-year agreement with the government to change the way it does business, particularly disclosing more information about its research and marketing practices.

___

Follow Linda A. Johnson at http://twitter.com/LindaJ_onPharma


22.28 | 0 komentar | Read More

Millions could get extra time for health sign-ups

WASHINGTON — Millions of Americans could get extra time to enroll for taxpayer-subsidized coverage this year under President Barack Obama's health care law. That would let the administration boost sign-ups and aid Democrats under attack over the program's troubles.

The Health and Human Services Department Wednesday posted two documents that outline "special enrollment periods" for broad groups of people trying to access the new online health insurance markets.

Those who've started an application, but weren't able to finish before the March 31 open enrollment deadline, would get a limited amount of time to sign up for coverage that would take effect May 1.

Additionally, people with 10 general categories of "special" circumstances would also get extra time to apply — up to 60 days. Categories include natural disasters, system errors related to immigration status, computer error messages due to technical difficulties, family situations involving domestic abuse, and other sorts of problems.

"We won't close the door on those who tried to get covered and were not able to do so through no fault of their own," Julie Bataille, communications director for the health care rollout, told reporters.

She deflected repeated questions on whether there is a hard deadline beyond which the administration won't take applications.

Special enrollment periods are allowed under the health law, and standard for workplace insurance. But they are mainly used to accommodate changes in life circumstances, such as marriage, divorce, the birth of a child or job loss.

The latest tweaks to health overhaul rules drew immediate scorn from Republicans committed to repealing "Obamacare."

"The administration has now handed out so many waivers, special favors and exemptions to help Democrats out politically ... it's basically become the legal equivalent of Swiss cheese," said Senate Minority Leader Mitch McConnell, R-Ky.

The administration announcement added to a perception of disarray that has dogged the health care overhaul from its early days. It also raised concerns about the potential for another round of technology problems like the ones that paralyzed HealthCare.gov after its Oct. 1 launch.

Several factors seemed to be involved:

— Concern about turning away millions of people belatedly trying to enroll this week. A recent Kaiser Family Foundation poll found that 6 in 10 uninsured people were unaware of the March 31 enrollment deadline, and half said they didn't plan to get coverage. It can take several visits to the website to finish an application, even without technical glitches.

— Millions of consumers may still be getting tangled up in the complicated enrollment process. The administration's own numbers show that only about half of the people deemed eligible to enroll through March 1 actually went all the way through to signing up. More than 4 million people either abandoned their applications or may still be trying to muddle through.

— Obama himself has been leading a last-minute drive to persuade Hispanics to sign up. The nation's largest minority — with the highest uninsured rate of any race or ethnic group — has been on the sidelines and risks being left behind. Traffic on the Spanish-language sign-up site is up markedly, more than 200,000 visits from Sunday through midday Wednesday — half again as many during the same period a week earlier.

The White House is scrambling to meet a goal of 6 million sign-ups for subsidized private health insurance for people who don't have coverage on the job. HealthCare.gov got 1.2 million visits Tuesday, and officials say the site is holding up well under the added demand.

"Since the traffic started to climb, we have seen only minor issues, all of which have been addressed rapidly," said Kurt DelBene, a tech executive brought in to oversee the website.

Independent testing by Detroit-based Compuware has found that HealthCare.gov runs slowly when compared to other health insurance industry websites.

Officials said the grace period for people who've started applications by March 31 will be available on the honor system.

"It is important to recognize that this is an official federal application," said Bataille. "Most people are truthful when applying for these benefits."

How long the extension will last seems to depend on individual circumstances. HHS said it will process paper applications received by April 7. Those applying online may have more time, until April 15, the same as the tax filing deadline. People who are due tax refunds may be willing to put some of that money toward health care premiums.

The sign-up extension and the special enrollment periods follow other delays, most significantly of the law's requirements that medium- to large-sized businesses provide coverage or face fines.

Republicans are making repeal of the health care law their rallying cry in the fall congressional elections. If the various extensions succeed in boosting enrollment, that would help Democratic candidates, including politically vulnerable senators who voted for the law's passage in 2010.

The next open enrollment period isn't until Nov. 15, after the elections. Providing an option for sign-ups prior to that could give Democrats a rebuttal during the height of the campaign season that focuses on their efforts to fix the law's problems, rather than scrapping it.

The White House had signaled last week that a grace period of some sort was in the works. Officials compare it to the Election Day practice of allowing people to vote if they are in line when the polls close.

The administration's actions primarily affect the 36 states where the federal government is taking the lead on sign-ups. But the 14 states running their own websites are likely to follow, since some had been pressing for an extension on account of their own technical problems.

___

Online:

Extension for those 'in line' — http://tinyurl.com/ojpku33

Special enrollment periods — http://tinyurl.com/ofjn3sc


22.28 | 0 komentar | Read More

Dish, DirecTV shares rise on reported merger talk

LOS ANGELES — Shares of satellite TV companies Dish and DirecTV surged in midday trading Wednesday after a report said that Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about merging.

Bloomberg News reported Ergen initiated the discussion in response to Comcast Corp.'s pending $45 billion acquisition of Time Warner Cable Inc., which was announced last month. The news service cited several unnamed sources.

Dish Network Corp. spokesman Bob Toevs declined to comment. DirecTV spokesman Robert Mercer said the company doesn't comment on speculation.

The companies last tried to merge more than a decade ago, but the Federal Communications Commission killed the deal in 2002 because it would eliminate competition. While Ergen has long supported the two companies coming together, White has been less vocal about the matter.

White told an investors conference earlier this month, however, that the video industry has changed in the last decade, gotten more competitive because of the entry of telecommunications companies, and expects it to change more in the next five years.

Dish shares rose $3.67, or 6.3 percent, to $62.09, while DirecTV shares rose $4.17, or 5.7 percent, to $77.34.

Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.


22.28 | 0 komentar | Read More

Chicago firm moves toward suit over Malaysia plane

CHICAGO — Court documents that often precede a lawsuit have been filed by a U.S. law firm on behalf of a relative of a passenger on missing Malaysia Airlines Flight 370.

The filing in Chicago asks a judge to order Malaysia Airlines and Chicago-based Boeing Co. to turn over documents related to the possible "negligence" caused the Boeing 777 to crash, including any documentation about the chances of "fatal depressurization" in the cockpit.

"Additional pleadings will be filed in the next few days against other potential defendants who are designers and manufacturers of the component parts that may have failed in the aircraft," Chicago-based Ribbeck Law Chartered attorney Monica Kelly said in a statement. The documents filed Tuesday in Cook County Circuit Court seek to preserve evidence.

They were filed on behalf of Januari Siregar, who the law firm says is a relative of Indonesian-born passenger Firman Chandra Siregar. The filings were not clear about their exact relationship.

Kelly said lawyers are asking a judge to order Boeing to provide the names of companies that manufactured the locator beacon, the electric components, batteries and fire alarm systems, the emergency oxygen generators and those who last inspected the aircraft's fuselage. The law firm is also seeking from Malaysian Airlines the identities of people with information about the training of the crew; their physical and psychological evaluations; and the security practices of the airline.

Boeing spokesman John Dern declined comment. Phone and email messages were left for airline officials Wednesday.

In its corporate self-portrait, Ribbeck Law boasts of its success at obtaining compensation for the families of victims of aviation disasters. The National Transportation Safety Board complained after the crash landing of Asiana Flight 214 in San Francisco last year that some attorneys may have violated a U.S. law barring uninvited solicitation of air disaster victims in the first 45 days after an accident.

The NTSB pointed specifically at Ribbeck Law, reporting the firm to Illinois' Attorney Registration and Disciplinary Commission. It was unclear Wednesday if the agency took any action on the complaint.

At the time, Kelly said the firm legally and ethically obtained its clients related to the crash and that all initiated contact with the firm, which is representing 83 passengers of the Asiana flight.


22.27 | 0 komentar | Read More

Stocks give up an early gain and turn lower

NEW YORK — The stock market continued its recent pattern of one step forward, one step back.

After starting the day higher following an encouraging report on orders for manufactured goods, stocks drifted lower in afternoon trading Wednesday and gave up their gains from a day earlier. Facebook led the technology sector lower as investors gave the company's latest acquisition the thumbs-down.

The Standard & Poor's 500 index fell the most in two weeks and is now flat for the year. Investors are waiting for a catalyst that will either push the market higher or cause a sustained sell-off. Many anticipate that the stock market will resume its upward trajectory later in the year as the economy strengthens following an unusually harsh winter.

"We're going through this back and forth, I would call it a consolidation phase, digesting the huge gains we've had," said David Lafferty, chief market strategist at Natixis Global Asset Management. "Most of the movement in stocks will tend to be in the latter half of the year."

The S&P 500 fell 13.06 points, or 0.7 percent, to 1,852.56. The index is up 0.2 percent for the year, after rising almost 30 percent in 2013.

The Dow Jones industrial average lost 98.89 points, or 0.6 percent, to 16,268.99. The technology-heavy Nasdaq composite fell more than the other indexes, giving up 60.69 points, or 1.4 percent, to 4,173.58.

Facebook was one of the biggest losers.

The social media network slumped $4.51, or 6.9 percent, to $60.38 after announcing a $2 billion acquisition of virtual reality company Oculus late Monday. It was Facebook's second big acquisition in as many months. Last month the company announced that it would pay $19 billion for messaging startup WhatsApp.

Investors may be questioning whether the returns on those investments will ultimately justify the big outlays, said Lawrence Creatura, a portfolio manager at Federated Investors.

Another loser in the technology sector was King Digital Entertainment.

The online games company, which makes the popular "Candy Crush Saga," slumped on its first day of trading. The company raised $499.5 million in an initial public offering. The company's stock fell $3.50, or 15.6 percent, to $19 on its first day of trading.

The stock market opened higher after a report showed that orders to U.S. factories for long-lasting manufactured goods rose in February by the largest amount since November, 2.2 percent. Demand for airplanes and automobiles drove the gains, according to the Commerce Department report. Last month's rise in durable goods orders followed a 1.3 percent drop in January.

"The bigger issue right now is whether or not growth in the United States is going to reaccelerate as the year goes on," Paul Karos, portfolio manager at Whitebox mutual funds. "We are assuming a bounce back after this weak first quarter."

Health care companies bucked the downward trend and were the only industry sector to rise. The sector is rebounding after getting caught up in a brief sell-off of biotechnology stocks on Friday and Monday. Biotech companies slumped after lawmakers raised concerns about the prices of some drugs.

Tenet Healthcare rose $2.03, or 5.2 percent, to $40.93. Quest Diagnostic rose $3.05, or 5.6 percent, to $57.99. Hospitals and medical device companies are attractive because they have steady revenue streams.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.69 percent from 2.75 percent from late Tuesday. The price of crude oil rose $1.07, or 1.1 percent, to $100.26 a barrel. Gold fell $8, or 0.6 percent, to settle at $1,303.40 an ounce.

Among other stocks making big moves:

— International Game Technology fell $1.23, or 8.3 percent, to $13.62 after the company lowered its annual profit forecast, saying North American gambling revenue has declined more steeply than it expected. Its international business is being hurt by weakening currencies and other problems.

— Discount retailer Five Below shot higher after its quarterly profit and sales beat analysts' expectations. The stock jumped $4.34, or 11 percent, to $42.34.

— Citigroup fell $2.66, or 5.3 percent, to $47.50 in after-hours trading after the Federal Reserve turned down the bank's plan to spend $6.4 billion buying back its own stock and increasing its quarterly dividend from 1 cent to 5 cents.


22.27 | 0 komentar | Read More

Millions could get extra time for health sign-ups

WASHINGTON — Millions of Americans could get extra time to enroll for taxpayer-subsidized coverage this year under President Barack Obama's health care law. That would let the administration boost sign-ups and aid Democrats under attack over the program's troubles.

The Health and Human Services Department Wednesday posted two documents that outline "special enrollment periods" for broad groups of people trying to access the new online health insurance markets.

Those who've started an application, but weren't able to finish before the March 31 open enrollment deadline, would get a limited amount of time to sign up for coverage that would take effect May 1.

Additionally, people with 10 general categories of "special" circumstances would also get extra time to apply — up to 60 days. Categories include natural disasters, system errors related to immigration status, computer error messages due to technical difficulties, family situations involving domestic abuse, and other sorts of problems.

"We won't close the door on those who tried to get covered and were not able to do so through no fault of their own," Julie Bataille, communications director for the health care rollout, told reporters.

She deflected repeated questions on whether there is a hard deadline beyond which the administration won't take applications.

Special enrollment periods are allowed under the health law, and standard for workplace insurance. But they are mainly used to accommodate changes in life circumstances, such as marriage, divorce, the birth of a child or job loss.

The latest tweaks to health overhaul rules drew immediate scorn from Republicans committed to repealing "Obamacare."

"The administration has now handed out so many waivers, special favors and exemptions to help Democrats out politically ... it's basically become the legal equivalent of Swiss cheese," said Senate Minority Leader Mitch McConnell, R-Ky.

The administration announcement added to a perception of disarray that has dogged the health care overhaul from its early days. It also raised concerns about the potential for another round of technology problems like the ones that paralyzed HealthCare.gov after its Oct. 1 launch.

Several factors seemed to be involved:

— Concern about turning away millions of people belatedly trying to enroll this week. A recent Kaiser Family Foundation poll found that 6 in 10 uninsured people were unaware of the March 31 enrollment deadline, and half said they didn't plan to get coverage. It can take several visits to the website to finish an application, even without technical glitches.

— Millions of consumers may still be getting tangled up in the complicated enrollment process. The administration's own numbers show that only about half of the people deemed eligible to enroll through March 1 actually went all the way through to signing up. More than 4 million people either abandoned their applications or may still be trying to muddle through.

— Obama himself has been leading a last-minute drive to persuade Hispanics to sign up. The nation's largest minority — with the highest uninsured rate of any race or ethnic group — has been on the sidelines and risks being left behind. Traffic on the Spanish-language sign-up site is up markedly, more than 200,000 visits from Sunday through midday Wednesday — half again as many during the same period a week earlier.

The White House is scrambling to meet a goal of 6 million sign-ups for subsidized private health insurance for people who don't have coverage on the job. HealthCare.gov got 1.2 million visits Tuesday, and officials say the site is holding up well under the added demand.

"Since the traffic started to climb, we have seen only minor issues, all of which have been addressed rapidly," said Kurt DelBene, a tech executive brought in to oversee the website.

Independent testing by Detroit-based Compuware has found that HealthCare.gov runs slowly when compared to other health insurance industry websites.

Officials said the grace period for people who've started applications by March 31 will be available on the honor system.

"It is important to recognize that this is an official federal application," said Bataille. "Most people are truthful when applying for these benefits."

How long the extension will last seems to depend on individual circumstances. HHS said it will process paper applications received by April 7. Those applying online may have more time, until April 15, the same as the tax filing deadline. People who are due tax refunds may be willing to put some of that money toward health care premiums.

The sign-up extension and the special enrollment periods follow other delays, most significantly of the law's requirements that medium- to large-sized businesses provide coverage or face fines.

Republicans are making repeal of the health care law their rallying cry in the fall congressional elections. If the various extensions succeed in boosting enrollment, that would help Democratic candidates, including politically vulnerable senators who voted for the law's passage in 2010.

The next open enrollment period isn't until Nov. 15, after the elections. Providing an option for sign-ups prior to that could give Democrats a rebuttal during the height of the campaign season that focuses on their efforts to fix the law's problems, rather than scrapping it.

The White House had signaled last week that a grace period of some sort was in the works. Officials compare it to the Election Day practice of allowing people to vote if they are in line when the polls close.

The administration's actions primarily affect the 36 states where the federal government is taking the lead on sign-ups. But the 14 states running their own websites are likely to follow, since some had been pressing for an extension on account of their own technical problems.

___

Online:

Extension for those 'in line' — http://tinyurl.com/ojpku33

Special enrollment periods — http://tinyurl.com/ofjn3sc


22.27 | 0 komentar | Read More

Women: J&J trashed records in product injury suits

TRENTON, N.J. — Lawyers and advocates for women alleging Johnson & Johnson products injured them urged the U.S. Justice Department on Wednesday to investigate their claims the health care giant deliberately destroyed many documents critical to their lawsuits.

Corporate Action Network, a nonprofit group seeking to hold businesses accountable for their actions, said that it's written to Attorney General Eric Holder to look into whether J&J, based in New Brunswick, N.J., and CEO Alex Gorsky committed the crimes of obstructing justice and destroying records in a federal probe.

"Hundreds of thousands of women continue to suffer ongoing, severe harm," from J&J's pelvic mesh implants, network spokeswoman Levana Layendecker said during a call with reporters. "I hope Johnson & Johnson is held accountable for their failure to warn."

The implants are widely used to hike up sagging pelvic organs, common in older women and those who've had children — and often the cause of embarrassing bladder leaks when they laugh, sneeze or lift something heavy. More than 22,000 women suing J&J blame its implants for crippling pain, infections and bleeding.

Last month, U.S. District Court Judge Cheryl Eifert in southern West Virginia, who is handling most of the implant lawsuits, concluded J&J destroyed thousands of documents regarding development of its pelvic mesh implants, but said there was no proof that was done intentionally. The documents would include reports on patient testing of the mesh implants and could show whether participants suffered serious complications.

Jane Akre, founder of an online network for pelvic mesh implant "survivors," said Johnson & Johnson was aware of possible harm and didn't warn the public.

"Evidence we've presented at trial showed they knew these implants would cause complications and they just didn't care. Many women are now disabled and they can't leave their beds, they're in so much pain," she said during the conference call.

"Women have killed themselves because the pain eclipses childbirth pain, it's that bad," Akre said in an interview.

Matthew Johnson, a spokesman for Johnson & Johnson's Ethicon unit, which makes the implants, said in a statement that the company "acted appropriately and responsibly in the research, development and marketing of our pelvic mesh products," which he said are considered a "gold standard" treatment.

"Ethicon has engaged in extensive efforts to preserve and produce evidence in the pelvic mesh (federal litigation) which has led to the production of millions of pages of documents to date. In the context of Ethicon's substantial document production, the inadvertent loss of certain, limited documents has not prejudiced plaintiffs in their ability to pursue their claims," he added.

Sagging pelvic organs were fixed with traditional surgery until the late 1990s, when J&J launched the first pelvic mesh implants, a twist on a similar product long used to repair hernias. The pelvic implants, which function like a sling attached to bones to lift fallen organs back up, were billed as more effective than just stitching organs into place. Six other companies then launched rival products.

Women soon began complaining of complications so severe they can't work, need strong painkillers around the clock and now find intercourse unbearably painful. That's because the mesh, similar to a window screen, over time can dig into the exterior tissue of the vagina or bladder, causing a sensation some have likened to having barbed wire twisting inside your body.

Attorneys have been advertising heavily for potential plaintiffs in recent years, and the litigation has grown into possibly the largest mass medical injury case in the country.

Plaintiff Linda Dotson of Loudon, Tenn., told reporters that after having mesh implanted in two areas of her pelvis in 2006, she quickly developed a dangerous blood clot and then suffered hemorrhaging, severe pain, unexplained fevers, fatigue and other flu-like symptoms. She had to have a couple of surgeries to remove much of the mesh, took antibiotics for months and still suffers.

Justice Department spokeswoman Allison Price said the department is reviewing the group's letter.

Corporate Action Network said it plans to bring injured patients to speak at J&J's annual shareholder meeting on April 24.

The group also alleges that J&J has harmed other patients, particularly women, with faulty hip implants — which the company has since taken off the market amid a crush of lawsuits — and with baby and beauty products containing undisclosed toxic ingredients. Under pressure from multiple consumer and environmental groups for the past several years, J&J has begun reformulating those shampoos, skin care and other personal care products with safer ingredients.

Johnson & Johnson, the world's biggest maker of health care products, has run afoul of the federal government previously.

It's operating under an agreement requiring it to make major upgrades to three medicine factories responsible for dozens of product recalls since 2009 for problems including drugs with the wrong level of active ingredient and liquid medicines with tiny metal or glass shavings in them.

Separately, after the Justice Department joined three whistleblower lawsuits alleging Johnson & Johnson marketed some of its powerful prescription drugs for unapproved uses, the company last November paid federal and state fines of more than $2.2 billion. It also entered a five-year agreement with the government to change the way it does business, particularly disclosing more information about its research and marketing practices.

___

Follow Linda A. Johnson at http://twitter.com/LindaJ_onPharma


22.27 | 0 komentar | Read More

Dish, DirecTV shares rise on reported merger talk

LOS ANGELES — Shares of satellite TV companies Dish and DirecTV surged in midday trading Wednesday after a report said that Dish Chairman Charlie Ergen had contacted DirecTV CEO Mike White about merging.

Bloomberg News reported Ergen initiated the discussion in response to Comcast Corp.'s pending $45 billion acquisition of Time Warner Cable Inc., which was announced last month. The news service cited several unnamed sources.

Dish Network Corp. spokesman Bob Toevs declined to comment. DirecTV spokesman Robert Mercer said the company doesn't comment on speculation.

The companies last tried to merge more than a decade ago, but the Federal Communications Commission killed the deal in 2002 because it would eliminate competition. While Ergen has long supported the two companies coming together, White has been less vocal about the matter.

White told an investors conference earlier this month, however, that the video industry has changed in the last decade, gotten more competitive because of the entry of telecommunications companies, and expects it to change more in the next five years.

Dish shares rose $3.67, or 6.3 percent, to $62.09, while DirecTV shares rose $4.17, or 5.7 percent, to $77.34.

Dish is based in Englewood, Colo., and DirecTV is based in El Segundo, Calif.


22.27 | 0 komentar | Read More

Durable goods orders up, but key category weakens

Written By Unknown on Rabu, 26 Maret 2014 | 22.27

WASHINGTON — Orders to U.S. factories for long-lasting manufactured goods rose in February by the most in three months, but a key category that reflects business investment fell sharply. This category fell 1.3 percent, the second setback in three months.

Economists said the weakness in business investment might reflect the severe winter, which led some industries to put modernization and expansion plans on hold.

Overall orders for durable goods rose 2.2 percent after a 1.3 percent drop in January, the Commerce Department said Wednesday. The February increase was driven by a surge in orders for commercial aircraft, a category that tends to fluctuate sharply from month to month.

Joel Naroff, chief economists at Naroff Economic Advisors, said he expected economic growth to slow sharply in the January-March quarter, reflecting the disruptions caused by the harsh weather, before recovering in coming months.

"The rebound could be huge once spring actually appears," Naroff said.

A 13.6 percent jump in demand for commercial aircraft followed a 22.1 percent plunge in the previous month. Orders for motor vehicles and parts showed a solid gain of 3.6 percent in February after a 1.9 percent fall in January.

Demand also rose for primary metals such as steel. Orders for machinery fell 1.5 percent. Demand for computers fell 0.5 percent and for communications equipment 2.7 percent.

Many economists think manufacturing output will strengthen in spring, reflecting better weather after winter storms disrupted production at some factories.

The Institute for Supply Management's gauge of manufacturing activity expanded faster in February as companies received more orders and boosted their stockpiles. Its manufacturing index rose to 53.2 in February from 51.3 in January. That only partially reversed a 5-point drop in January. Any reading above 50 indicates that manufacturing is expanding.

The ISM index had risen for six straight months until falling slightly in December and taking a big tumble in January as heavy snow caused factories to close.

The bad weather depressed purchases of homes and autos, causing factories to trim their production schedules for autos, furniture and appliances in January. But the Federal Reserve said factory output rebounded in February by the largest amount in six months.

Analysts estimate that the economy slowed to an annual growth rate below 2 percent in the January-March period. But they're forecasting that the growth rate will rebound to around 3 percent for the rest of the year. If that occurs, it would be the fastest annual economic growth since 2005.


22.27 | 0 komentar | Read More

HHS grants extra time to enroll for health care

WASHINGTON — Trying to avoid sending thousands away empty-handed, the Obama administration has announced that people who started applying for health insurance but aren't able to finish before the March 31 enrollment deadline will get extra time.

The latest tweak to the rules for President Barack Obama's health care law brought immediate scorn from Republicans committed to its repeal.

"The administration has now handed out so many waivers, special favors and exemptions to help Democrats out politically ... it's basically become the legal equivalent of Swiss cheese," Senate Minority Leader Mitch McConnell, R-Ky., said Wednesday.

The timing of the administration's announcement late Tuesday added to a perception of disarray that has dogged the health care overhaul from its early days. It also raised concerns about the potential for another round of technology problems such as the ones that paralyzed HealthCare.gov after its Oct. 1 launch.

"We are experiencing a surge in demand and are making sure that we will be ready to help consumers who may be in line by the deadline to complete enrollment, either online or over the phone," Health and Human Services spokesman Aaron Albright said Tuesday night.

Officials say the federal website that serves 36 states is holding up well under the added demand, with more than 1.2 million visits on Tuesday. But independent testing by Detroit-based Compuware has found that the site runs slowly when compared to other health insurance industry websites.

The White House is scrambling to meet a goal of 6 million signed up through new online markets that offer subsidized private health insurance to people without access to coverage on the job.

Officials said the grace period will be available to people on the honor system, meaning applicants will have to attest that special circumstances or complex cases prevented them from finishing by March 31.

It's unclear how long the extension will last. Some have urged the administration to allow until April 15, the tax filing deadline. People who are due refunds may be willing to put some of that money toward health care premiums.

The sign-up extension follows other delays, most significantly of the law's requirements that medium- to large-sized businesses provide coverage or face fines. The GOP is making repeal of the health care law its rallying cry in the fall congressional elections.

The White House had signaled last week that a grace period of some sort was in the works. Spokesman Jay Carney said Friday that people in line by the deadline would be able to complete their applications. Administration officials argue that's not extending the deadline. They compare it to the Election Day practice of allowing people to vote if they are in line when the polls close.

The decision to grant extra time was first reported late Tuesday by The Washington Post.

The administration's decision affects the 36 states where the federal government is taking the lead on sign-ups. But the 14 states running their own websites are likely to follow, since some had been pressing for an extension on account of their own technical problems.

Brian Haile, senior vice president for health policy at the Jackson Hewitt tax preparation firm, welcomed the move.

"The disbursement of tax refunds appears to be making a substantial difference in the willingness and ability of uninsured Americans to sign up for ... coverage," Haile said.

Jackson Hewitt projects the administration can meet the goal of 6 million only if it allows people to keep signing up through April 15.

Enrollment has already crossed the 5 million mark.


22.27 | 0 komentar | Read More

House Dems try to force vote on immigration

WASHINGTON — House Democrats are pushing for a vote on a comprehensive immigration bill that would provide a path to citizenship for the estimated 11 million immigrants living in the country illegally and tighten border security.

The procedural effort stands little chance of success as Republicans, even those who support changes to the immigration system, are unwilling to rebuff their leaders and join Democrats.

The GOP is reluctant to vote on the divisive issue in an election year, especially with all signs pointing to major gains for Republicans in the November midterms.

Democrats on Wednesday were introducing a discharge petition that requires 218 votes for legislative action. Democrats hold 199 seats in the House.

The Senate passed a comprehensive bill last June, but the measure has stalled in the GOP-controlled House.


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As Ukraine tensions ease, markets buoyant

LONDON — Global stocks were buoyant Wednesday as tensions in Ukraine continued to ease and investors anticipated further stimulus measures, particularly from the monetary authorities in China. Further solid U.S. economic data also reinforced hopes over the outlook for the world's largest economy.

With fears over an escalation of the Ukraine crisis ebbing, investors have been trading more on fundamental factors in recent sessions. These include hopes that China will loosen monetary policy amid signs that the world's No. 2 economy is slowing and signals from officials at the European Central Bank that the bank could do more to lower the risks of a debilitating bout of deflation in the 18-country eurozone.

And following strong U.S. consumer confidence data on Tuesday, investors cheered figures Wednesday showing an unexpectedly big 2.2 percent rebound in durable goods orders in February.

"As concerns over a conflict between the West and Russia continue to ease .... investors appear willing to take on a little more risk," said Craig Erlam, market analyst at Alpari.

In Europe, Germany's DAX was up 1.4 percent at 9,469 while France's CAC 40 jumped 1.2 percent to 4,396. Britain's FTSE 100 rose 0.5 percent to 6,638.

In the U.S., the Dow Jones industrial average was up 0.3 percent at 16,410 while the broader S&P 500 index rose 0.3 percent to 1,871.

A run of solid U.S. economic data have also underpinned investor sentiment.

Hopes that the U.S. recovery is gaining traction boosted oil prices and a barrel of benchmark crude was up 0.6 percent at $99.82. Elsewhere, trading was lackluster with the euro down 0.3 percent at $1.3789, while the dollar firmed 0.1 percent to 102.38 yen.

Earlier in Asia, investors were hopeful China's monetary authorities would respond to weak economic data by easing monetary conditions. Japan's Nikkei 225, Asia's heavyweight index, added 0.4 percent to 14,477.16 while Hong Kong's Hang Seng gained 0.7 percent to 21,887.75 and South Korea's Kospi rose 1.2 percent to 1,964.31.


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Obama highlights need for US-EU energy cooperation

BRUSSELS — U.S. President Barack Obama said Wednesday that energy cooperation would be a crucial part of a free trade deal with the EU that, if reached, would allow the 28-nation bloc to become less dependent on Russia.

Several EU nations rely heavily on Russia for gas supplies, something they regret now that they are in a diplomatic standoff over Moscow's annexation of Ukraine's Crimean Peninsula. The concern is that Russia could limit gas supplies in retaliation against economic sanctions imposed by Europe and the U.S.

"The situation in Ukraine proves the need to reinforce energy security in Europe," Obama and EU leaders said in a joint statement. "We are considering new collaborative efforts to achieve this goal."

During a visit to EU headquarters in Brussels, Obama said the U.S. would be able to export liquefied natural gas more easily to Europe if a trade deal were in place.

However, he left no doubt that exports from the U.S. won't be a silver bullet, insisting "Europe collectively has to examine it energy policies."

Jose Manuel Barroso, the president of the EU's executive arm, the Commission, said the two sides had agreed to hold a meeting on energy cooperation "already next week."

The meeting will be chaired by U.S. Secretary of State John Kerry and his EU counterpart Catherine Ashton, he added.

The U.S. has in recent years experienced a boom in gas production thanks to shale gas extraction. It remains reluctant on authorizing export licenses, however.

Experts say that exporting more gas might lead to slightly higher gas prices in the U.S., but becoming a major exporter would also give the U.S. new geopolitical clout.

The combined trade between the United States and the EU accounts for almost half of the world's gross domestic product and a third of world trade.

Officials hope to conclude the free trade negotiations by the end of the year, but that timetable might prove optimistic because many stumbling blocks remain.

Obama's push for a trade deal, however, might be scuppered by Congress, where many of his fellow Democrats oppose granting the administration a broad negotiating mandate. That so-called fast track negotiating authority speeds up congressional action on trade deals by barring amendments.

Officials say a timely conclusion of a trade deal without a fast-track mandate is almost impossible.


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New England joblessness falls slightly in Jan.

Written By Unknown on Selasa, 25 Maret 2014 | 22.27

HARTFORD, Conn. — The unemployment rate in New England declined in January to 6.7 percent, down nearly a half percentage point from the same month in 2013 and slightly lower than the U.S. rate.

The U.S. Bureau of Labor Statistics reported Tuesday that Rhode Island's 9.2 percent unemployment rate was the highest in the nation. It was down from 9.6 percent in January 2013.

In contrast, the jobless rates were 4 percent in Vermont and 4.9 percent in New Hampshire.

Maine's unemployment rate of 6.2 percent was the only statistically significant change in the region. It was down 0.8 of a percentage point from January 2013.

Connecticut's unemployment rate fell to 7.2 percent, down from 8 percent.

In Massachusetts, the unemployment rate fell slightly, to 6.8 percent from 6.9 percent.


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Russia eyes foreign pix quota that would hit Hollywood movies hardest

LONDON -- Russian lawmakers will consider a bill that proposes a 50% cap on foreign film releases in the country, which is the world's 10th biggest box-office territory.

The bill, which will be submitted to the Russian Duma by deputy Robert Shlegel, would hit Hollywood pics the hardest as they account for 70% of Russia's $1.3 billion box office.

"We basically show American films that promote the stereotypes, national interests and values of the United States," Schlegel told Izvestia on Tuesday. "Many of these are low quality. Russia can produce its own films, which will be interesting to viewers."

Shlegel, who is a former television journalist and a rising star in Vladimir Putin's United Russia party, denied that the bill was a response to U.S. and E.U. sanctions that followed the annexation of Crimea.

The measure, which is set to be debated in the next two weeks, is likely to face opposition. Leonid Levin, first deputy chairman of the State Duma's Information Policy Committee, warned that a cap on foreign films would drive Hollywood movie fans to download more pirate films, the Moscow Times reported.

Alexander Akopov, prexy of the Russian Television Academy, said that the cap may cause Russian filmmakers to relax and fail to produce their best work, leading to a fall in the quality of local films.

The bill is not the first time the Duma has considered measures to limit the number of foreign films. Last year, deputy Dmitry Litvintsev tabled legislation that would have capped foreign films at 80%, but the Duma rejected the proposal.

© 2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC


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City asks court to block Mass. casino repeal bid

BOSTON — Springfield's mayor is asking the state's highest court to keep a casino repeal question off the November state ballot.

Mayor Domenic Sarno and nine city residents filed a brief with the state Supreme Judicial Court on Tuesday. They're asking the justices to uphold Attorney General Martha Coakley's ruling that the initiative petition seeking repeal of the state's 2011 casino gambling law is unconstitutional.

MGM Resorts International has proposed an $800 million resort casino in Springfield and signed a host community agreement that promises the city more than $25 million in annual payments.

Sarno calls it the largest development project western Massachusetts has seen in a generation.

The group Repeal the Casino Deal filed a brief last week asking the court to overturn Coakley's ruling and allow voters to decide.


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Stocks open broadly higher on Wall Street

NEW YORK — Stocks opened higher on Wall Street Tuesday as investors shrugged off a two-day slump. The gains were led by health care and technology stocks, which were among the biggest losers a day earlier.

KEEPING SCORE: The Standard & Poor's 500 index rose 14 points, or 0.8 percent, to 1,869 as of 10:12 a.m. Eastern time. The Dow Jones industrial average gained 117 points, or 0.7 percent, to 16,394. The Nasdaq composite climbed 46 points, or 1.1 percent, to 4,272.

SONIC BOOM: Drive-in restaurant company Sonic jumped $2.24, or 10.7 percent, to $23.11 after posting earnings that exceeded the expectations of Wall Street analysts. The company reported higher net income in its fiscal second quarter despite the unusually harsh winter weather.

SPICY EARNINGS: McCormick, a purveyor of spices, seasonings and condiments, rose $3.52, or $5.2 percent, to $71.19 after the company reported earnings that beat analysts' estimates. The company also reaffirmed its outlook for the year.

SHUTTING UP SHOP: Walgreen rose $2.82, or 4.4 percent, to $67.05 after the company reported its fiscal second quarter earnings. The company said it plans to close 76 stores in the second half of its fiscal year. That's a big shift from its previous growth strategy, which focused on opening locations to maximize convenience for its customers

HOUSING WATCH: Fewer people bought new U.S. homes in February. Sales fell to their slowest pace in five months, a sign that the housing market has yet to recover fully from brutal winter weather, the Commerce Department said Tuesday.

TREASURYS AND COMMODITIES: Bond prices fell. The yield on the 10-year U.S. Treasury note climbed to 2.75 percent from 2.73 percent late Monday. The price of crude oil fell 26 cents, or 0.3 percent, to $99.34 a barrel. Gold rose $3.70 to $1,314.80 an ounce.


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US home prices dip in Jan. for 3rd straight month

WASHINGTON — U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.

The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, declined 0.1 percent from December to January, the same drop as the previous two months. That figure is not adjusted for seasonal variations, so the dip partly reflects weaker winter sales.

The index rose a healthy 13.2 percent in January compared with 12 months earlier. But that is down from a 13.4 percent increase in 2013 and is the second straight decrease.

Most economists aren't concerned about the moderation in price gains. Home prices jumped over the past two years as very low mortgage rates pushed up sales. Meanwhile, the supply of available homes remained tight. Many homeowners couldn't sell because they owed more on their mortgages than their houses were worth.

Meanwhile, investors swooped in and bid up prices in places like Las Vegas, Phoenix and other cities in the south and west.

"The home price appreciation we've been seeing is unsustainable," said Stan Humphries, chief economist for real estate data provider Zillow. "It needs to moderate over time or we risk inflating another housing bubble."

The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The January figures are the latest available.

Twelve cities reported price declines in January from the previous month. The biggest decline was in Chicago, where home prices dropped 1.2 percent, followed by Seattle, where prices fell 0.8 percent.

Las Vegas reported the biggest price gain, up 1.1 percent, followed by Miami, with 0.7 percent.

Compared with a year earlier, New York and Washington, D.C., posted their largest gains since 2006, just before the housing bubble burst.

The slowdown in price gains follows other signs that the housing recovery has hit a rough spot. Sales of existing homes in February fell to their lowest level since July 2012. And home construction slipped for the third month in a row, though builders sought the most permits in February than in any month in four years.

Mortgage rates are roughly a full percentage point higher than they were last spring, although they remain low by historical standards. The average rate on the 30-year loan is 4.32 percent, mortgage buyer Freddie Mac said last week, down from 4.37 percent the previous week.

Most economists expect home sales and prices to rise in 2014, particularly as the weather improves, but at a slower pace.

Humphries expects home prices will appreciate 3.4 percent this year, roughly in line with historical averages. Zillow's home price index rose 5.6 percent in February from a year earlier.

Some economists say the Case-Shiller figures overstate recent price gains because they include foreclosures. Foreclosed homes usually sell at steep discounts. As the proportion of those sales declines, the index rises more sharply.


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US stocks mixed in early trading on Russia tension

Written By Unknown on Senin, 24 Maret 2014 | 22.27

NEW YORK — U.S. stocks are mostly lower in early trading Monday as tensions with Russia escalate. Seven of the 10 industry sectors in the Standard & Poor's 500 index fell, led by health care. Apple and Herbalife rose.

KEEPING SCORE: The Dow Jones industrial average lost 12 points, or 0.1 percent, to 16,291 in the first hour of trading. The S&P 500 fell eight points, or 0.4 percent, to 1,858. The Nasdaq was down 44 points, or 1 percent, to 4,232.

JITTERS IN EUROPE: Europe markets fell as Russian troops seized Ukrainian ships and military installations after annexing Crimea last week. Germany's DAX and France's CAC-40 each fell 0.8 percent. Britain's FTSE-100 fell 0.4 percent.

APPLE UP: Apple rose $5.53, or 1 percent, to $538.05 after the Wall Street Journal reported that the company is in talks with cable giant Comcast to offer a streaming video service using Apple set-top boxes.

HERBALIFE SURGE: The embattled health supplements company rose $2.96, or 6 percent, to $52.50 after agreeing to allow billionaire Carl Icahn three more directors on its board. Icahn is a supporter of the company in its fight with another famed investor, William Ackman. Ackman accuses the company of operating a pyramid scheme.

CHINA WATCH: Asian markets got a boost on expectations of economic stimulus in China. A report showed that China's manufacturing fell to an eight-month low in March in another sign of slowing growth in the world's No. 2 economy. Hong Kong's Hang Seng index rose 1.9 percent and Japan's Nikkei both gained 1.8 percent

TREASURYS AND COMMODITIES: Bond prices fell. The yield on the 10-year Treasury note climbed to 2.76 percent from 2.74 percent late Friday. Gold sank $17 to $1,318 an ounce. The price of crude oil rose 59 cents to $100.05 a barrel on heightened tensions with Russia and an oil spill in the Houston Ship Channel.


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US stocks are mostly higher in early trading

NEW YORK — Stocks are mostly higher in early trading on Wall Street, extending gains from the week before.

Apple rose 1 percent after The Wall Street Journal reported that the company was in talks with the giant cable provider Comcast about a video-streaming service.

The Dow Jones industrial average rose 36 points, or 0.2 percent, to 16,333 in the first few minutes of trading Monday.

The Standard & Poor's 500 index was little changed at 1,865. The Nasdaq composite edged down 23 points, or 0.5 percent, to 4,253.

Three stocks rose for every two that fell on the New York Stock Exchange.

European markets were mostly lower.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.77 percent from 2.74 percent.


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Camera used on moon landing sold for $758,489

VIENNA — It was put on auction as the only camera that made it to the moon and back. And it had its price — nearly $760,000.

The Hasselblad 500 sold over the weekend is described by Vienna auctioneers Galerie Westlicht as part of the equipment carried by the 1971 Apollo 15 mission — and the only camera ever brought back from the moon. It says the others were left behind to make room for mineral samples.

Galerie Westlicht identifies the new owner as Japanese businessman Terukazu Fujisawa. It says the owner of an electronics chain placed his winning bid of 550,000 euros by phone. Bidding started Saturday at 80,000 euros — just over $110,000.


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Supreme Court won't review W.Va. strip mine case

WASHINGTON — The Supreme Court has rejected an appeal from a coal company fighting to reinstate a water pollution permit for a massive West Virginia strip mine.

The justices say they will not disturb a federal appeals court ruling that the Environmental Protection Agency acted within its authority in 2011 when it retroactively vetoed a permit issued four years earlier by the U.S. Army Corps of Engineers.

St. Louis-based Arch Coal Inc. and its Mingo Logan Coal Co. subsidiary challenged the appellate ruling concerning the mountaintop removal coal mine in West Virginia's Logan County.

The case now goes back to a federal district court in Washington.

The case is Mingo Logan Coal Co. v. EPA, 13-599.


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Many Mass. companies can't find skilled workers

BOSTON — A Massachusetts business group called for changes in the state's education system in light of a report released Monday that shows more than two-thirds of the state's employers report difficulty hiring appropriately skilled employees.

Bolstering the state's public schools is a critical step in producing more workers with the skills necessary to succeed in a technology-driven global economy, according to the report by the Massachusetts Business Alliance for Education.

A survey, part of which is included in the 120-page report, found that 69 percent of the 334 employers who responded said they experienced difficulty hiring employees with the appropriate skills, while 84 percent said school systems require moderate to major changes. The survey was conducted by MassINC Polling Group.

"We have grown complacent about public education and have failed to recognize the risk that without significant changes our schools will increasingly fall behind those of our global competitors," said Henry Dinger, chairman of the organization's board. "It is imperative that Massachusetts lead not just the nation, but the world in the educational achievement of our children, or we will suffer economic stagnation and decline."

Recent standardized test results suggest that the state's rate of improvement has slowed and in some cases stalled.

International comparisons from the Program for International Student Assessment show that Massachusetts is behind the world's top performing systems, as some nations, including Poland and Germany, are making faster progress and could surpass Massachusetts.

The MassINC Polling Group research found that 52 percent of businesses said the state's schools need moderate changes, while 32 percent said they needed major changes. Only 20 percent gave the K-12 school system an A or B in preparing students for the job market.

"As our survey data showed, if we are going to achieve our goals in science, technology, engineering and math fields, business and education must work together to address the needs of employers, students and teachers," board member J.D. Chesloff said.

___

Online:

Report can be found at http://www.mbae.org/wp-content/uploads/2014/03/New-Opportunity-to-Lead.pdf


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Driver wonders if antilock brakes all that effective

Written By Unknown on Minggu, 23 Maret 2014 | 22.26

I have two cars with ABS — a 1999 Buick Regal and 2013 Toyota Corolla. I am wondering if ABS is really the best way for stopping on an icy road. This past week I had several occasions where I tried to stop as I approached a stop sign, but when applying and maintaining brake pressure the ABS engaged but did little to stop the car as I kept sliding. Then I did the old-fashioned pumping of the brakes with much better results! The ABS seemed to not work well on icy roads compared to the pumping technique. Is this only my experience or am I using ABS incorrectly?

Considering that antilock braking systems are capable of recognizing wheel lockup and modulating/releasing hydraulic pressure to restore rotation of the wheel many times per second — much, much faster than the human foot can accomplish — ABS should be more effective than pumping the brakes in slippery conditions.

But there may be mitigating factors. First, if the anxiety of not stopping as quickly as the situation warrants causes the driver to continue to press harder and harder on the brake pedal, the ABS tends to cycle more slowly because of the much larger releases of hydraulic pressure required to restore wheel rotation. These much deeper modulations will increase stopping distance measurably.

Recognize what provides the "best" stopping traction on ice — it's that moment just before and as the wheel/tire begins to lock up. At that instant the tread blocks on the tire surface are at the edge of their maximum traction, just before sliding. Since the ABS system can recognize and release hydraulic pressure at that precise moment much faster than the human foot, ABS should stop better on ice.

Is it possible the pumping action can be more effective? Not in my experience, but perhaps in a scenario where the locked wheel/tire is actually melting the ice under the tread. This is entirely speculative on my part — just trying to envision a scenario where pumping the brakes might be more effective.

But here's the bottom line. Neither ABS nor pumping the brakes can overcome the laws of physics. Experiencing either action is confirmation of going too fast and/or braking too late for existing conditions. On glare ice, I still want an ABS system to minimize the consequences of my mistake.

I have a 2014 Hyundai Sonata. Since I purchased it the catalytic converter makes a ticking noise when it gets hot. I had a previous 2012 Sonata that never had this issue — any thoughts?

The ticking sound from the exhaust as it cools down is completely normal. The sound is generated by the extraordinarily hot metal in the forward sections of the exhaust, including the converter and its heat shield, contracting as it cools. No worries. And I think you'll find that this ticking during cooldown will fade as you accumulate more miles on the vehicle.

How does really cold weather affect hybrid vehicles? I am thinking of buying one but not if they don't work well in really cold weather. Also, what if I go south in the winter — can my hybrid just sit in the garage for several weeks without any problem?

With a gas/electric vehicle, expect to see more "gas" operation in cold weather. More energy is needed to operate the vehicle and warm its interior. So the car likely will rely more heavily on its internal combustion engine and use more fuel. But even with the lower efficiency and reduced "hybrid benefits," the vehicle still will "work" reliably. And parking a hybrid for weeks, even months, won't be any more of an issue than with a conventional vehicle.

Paul Brand, author of "How to Repair Your Car," is an automotive troubleshooter, driving instructor, and former race-car driver. Readers may write to him at Star Tribune, 425 Portland Ave. S., Minneapolis, MN 55488 or via email at paulbrand@startribune.com. Leave a daytime phone number.


22.26 | 0 komentar | Read More

Hub hosts fest on music tech

Artists, researchers and hackers are getting together in Cambridge this weekend to promote and advance music technology.

"The Music Tech Fest is a festival of music ideas," said Michaela Maga, one of the festival's organizers. "We gather the whole music technology ecosystem under one roof."

The festival draws a wide range of participants, from small startups to academics to corporate giants.

"What was exciting about this event was the ability to bring the hacking community and the artistic community and the scholarly community together," said Nancy Baym, a researcher at both the Massachusetts Institute of Technology and Microsoft New England's NERD Center.

That combination is the point of music tech, said Peter Torpey, who works in the MIT Media Lab, in the Opera of the Future group. Torpey is focused on developing technology for the future of performance and composition, among other things. Torpey has worked on creating a symphony composed by an entire city.

"Music technology is just part of the tool set we use to create the works, to reach out to people and to tell stories," he said.

The festival will finish with a hackathon, teaming up artists and techies.

"A beatboxer will come to a hacker and say, 'I'd love for this to be able to do this precise thing to aid my performance'," Maga said. "We are very hands on and we allow people to show off their idea, demo it, perform it, invite other people to collaborate with them."

Last year, the winning hack was a teaching guitar with an iPad modified to work as a key and motion-based synthesizer.

The Music Tech Festival will be in seven cities around the world this year, but Boston is the only stop in the United States.

Maga said many cities, including New York and Los Angeles, are clamoring for the festival to come, but they chose Boston because of the combination of research institutions, entrepreneurs and arts.

Baym said the combination of music and entrepreneurship in Boston creates a unique environment.

"You've got this incredible array of music that happens here," she said. "There's both a really healthy music community and a really healthy technology community."

Earlier this month, streaming giant Spotify bought music intelligence company the Echo Nest, based in Somerville. 
Spotify has said it will keep the company in Somerville, and it will operate as 
Spotify's research and development office.

Key investors and Boston entrepreneurs have said the move will significantly increase the number and stature of Boston's music tech engineering talent.

"I imagine The Echo Nest will be expanding over time," said Paul 
Lamere, director of developer platform for the Echo Nest. "Lots of people who are passionate about music and technology will have a place in or near Davis Square."


22.26 | 0 komentar | Read More
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