Stock futures dip, Boeing in focus; JPMorgan, Goldman report


NEW YORK (Reuters) - U.S. stock index futures slipped on Wednesday with shares of Boeing set to weigh on the market after two Japanese airlines grounded their Dreamliner fleets.


JPMorgan Chase & Co said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record, while earnings at Goldman Sachs nearly tripled. Goldman shares rose 2.2 percent in premarket trading; JPMorgan slipped 0.9 percent in choppy trading.


"Clearly, the near-term focus is on earnings more than anything else, specifically on financials," said Art Hogan, managing director of Lazard Capital Markets in New York.


Shares of Dow component Boeing slumped 4.7 percent in premarket trading on concerns about the safety of its new Dreamliner passenger jets. Japan's two leading airlines grounded their fleets of 787s on Wednesday after one of the aircraft made an emergency landing, adding to safety concerns triggered by a ream of recent incidents.


"It's hard to know if it is a series of coincidences, but it is certainly putting pressure on Boeing this morning," Hogan said.


S&P 500 futures fell 4.6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 45 points, and Nasdaq 100 futures lost 1 point.


The Dow and S&P 500 rose Tuesday after stronger-than-expected retail data, with the S&P closing at a fresh five-year high of 1,472.34.


Talks to take Dell Inc private were at an advanced stage, with at least four major banks lined up to provide financing, two sources with knowledge of the matter told Reuters. Shares fell 3.2 percent in premarket trading, after jumping more than 21 percent over the past two sessions.


On the data front, the Labor Department releases December Real Earnings and Consumer Price Index at 8:30 a.m. ET(1330 GMT). Economists in a Reuters survey expect an unchanged CPI reading, while excluding food and energy items CPI is seen up 0.2 percent.


Real Earnings are seen a 0.3 percent higher, compared with a 0.5 percent rise in November.


A slow economic recovery in developed nations is holding back the global economy, the World Bank said, as it sharply cut its outlook for world growth in 2013. Global gross domestic product will rise 2.4 percent this year, the bank said, down from its June forecast of 3.0 percent growth in 2013.


(Reporting by Rodrigo Campos; Editing by Bernadette Baum)



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France steps up Mali operation, Africans try to catch up


BAMAKO (Reuters) - France hit Islamist rebels in Mali with fresh air strikes and deployed armored cars on Tuesday, stepping up its intervention in the West African state as regional allies struggled to accelerate their plans to send in troops.


Paris has poured hundreds of soldiers into Mali and carried out air raids since Friday in the northern half of the country, which was seized last year by an Islamist alliance combining al Qaeda's north African wing AQIM with Mali's home-grown MUJWA and Ansar Dine rebel groups.


Western and regional states fear the insurgents will use Mali's north, a vast and inhospitable area of desert and rugged mountains the size of Texas, as a base for attacks on the African continent and also in Europe.


West African defense chiefs were meeting in the Malian capital Bamako on Tuesday to approve plans for speeding up the deployment of 3,300 regional troops, foreseen in a United Nation-backed intervention plan to be led by Africans. France sent its forces into Mali last week to block a surprise southwards push by the rebels.


Speaking during a visit to the United Arab Emirates, President Francois Hollande said French forces carried out further air strikes overnight in Mali "which hit their targets".


"We will continue the deployment of forces on the ground and in the air," Hollande said. "We have 750 troops deployed at the moment and that will keep increasing so that as quickly as possible we can hand over to the Africans."


A column of French armored vehicles rumbled into the dusty riverside capital overnight. The vehicles, which had driven up from a French base in Ivory Coast, were expected to move northwards eventually towards the combat zone.


France's defense ministry has said it plans to deploy 2,500 soldiers in its former colony to bolster the Malian army and work with the intervention force provided by the ECOWAS grouping of West African states.


Hollande saw the ECOWAS deployment taking "a good week".


There are some concerns that a delay in following up on the French air bombardments of Islamist bases and fuel depots with a ground offensive could allow the insurgents to slip away into the desert and mountains, regroup and counter-attack.


The rebels, who French officials say are mobile and well-armed, have shown they can hit back, dislodging government forces from Diabaly, 350 km (220 miles) from Bamako on Monday.


Foreign Minister Laurent Fabius, accompanying Hollande, said the offensive against the Malian rebels could take some time, and the current French level of involvement could last weeks.


Gulf Arab states would also help the Mali campaign, Fabius added, and there would be a meeting of donors for the operation most likely in Addis Ababa at the end of January.


QUESTIONS OVER READINESS


ECOWAS mission head in Bamako Aboudou Toure Cheaka said the West African troops would be on the ground in a week. Their immediate mission would be to help stop the rebel advance while preparations for a full intervention plan continued.


The original timetable for the 3,300-strong U.N.-sanctioned African force - to be backed by western logistics, money and intelligence services - did not initially foresee full deployment before September due to logistical constraints.


Senegal, Burkina Faso, Niger, Nigeria and Guinea have all offered troops. But regional powerhouse Nigeria, which is due to lead the mission, has cautioned that even if some troops arrive in Mali soon, their training and equipping will take more time.


Nigerian President Goodluck Jonathan told foreign diplomats in Abuja late on Monday that the Nigerian contingent would be in Mali before next week. "We can no longer surrender any part of the globe to extremism," he said.


But Sub-Saharan Africa's top oil producer, which already has hundreds of peacekeepers in Sudan's Darfur and is fighting a bloody and difficult insurgency at home against Islamist sect Boko Haram, could struggle to deliver on its troop commitment.


One senior government adviser in Nigeria said the Mali deployment was stretching the country's military.


"The whole thing's a mess. We don't have any troops with experience of those extreme conditions, even of how to keep all that sand from ruining your equipment. And we're facing battle-hardened guys who live in those dunes," the adviser said, asking not to be named because of the sensitivity of the subject.


Security experts have warned that the multinational intervention in Mali, couched in terms of a campaign by governments against "terrorism", could provoke a jihadist backlash against France and the West, and African allies.


U.S. officials have warned of links between AQIM, Boko Haram in Nigeria and al Shabaab Islamic militants fighting in Somalia.


Al Shabaab, which foiled a French effort at the weekend to rescue a French secret agent it was holding hostage, urged Muslims around the world to rise up against what it called "Christian" attacks against Islam.


"Our brothers in Mali, show patience and tolerance and you will win. War planes never liberate a land," Sheikh Ali Mohamud Rage, al Shabaab's spokesman, said in an audio statement posted on the rebel-run www.somaliamemo.net website


The ECOWAS deployment plan is being fast-tracked following a plea for help by Mali's government after mobile columns of Islamist fighters threatened last week the central Malian garrison towns of Mopti and Sevare, with its key airport.


U.N.: THOUSANDS FLEE FIGHTING


French Prime Minister Jean-Marc Ayrault said France's goals were to stop the rebels, to "safeguard the existence of Mali".


U.S. officials said Washington was sharing information with French forces in Mali and considering providing logistics, surveillance and airlift capability.


"We have made a commitment that al Qaeda is not going to find anyplace to hide," U.S. Defense Secretary Leon Panetta told reporters as he began a visit to Europe.


French intervention has raised the risk for eight French hostages held by al Qaeda allies in the Sahara and for 30,000 French expatriates living in neighboring, mostly Muslim states. Concerned about reprisals at home, France has tightened security at public buildings and on public transport.


The U.N. said an estimated 30,000 people had fled the latest fighting in Mali, joining more than 200,000 already displaced.


U.N. Secretary-General Ban Ki-moon welcomed on Monday the French-led military intervention in Mali and voiced the hope that it would halt the Islamist assault.


Amnesty International said at least six civilians were killed in recent fighting in the town of Konna, where French aircraft had earlier bombarded rebel positions, and called on both sides to spare non-combatants.


France, which has repeatedly said it has abandoned its role as the policeman of its former African colonies, convened a U.N. Security Council meeting Monday to discuss the crisis.


French U.N. Ambassador Gerard Araud told reporters after the meeting that the United States, Canada, Belgium, Denmark and Germany had also offered logistical support for France's Mali operation.


(Additional reporting by Elizabeth Pineau and Raissa Kasolowsky in Abu Dhabi; Felix Onuah in Abuja and Tim Cocks in Lagos; Abdi Sheikh in Mogadishu; Michelle Nichols Louis Charbonneau at the United Nations; Richard Valdmanis in Dakar; Writing by Pascal Fletcher; editing by David Stamp)



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The Golden Globes, Starring Tina Fey and Amy Poehler and Nobody Else






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  


RELATED: The Way the World Could Have Ended






Now, we know what you’re thinking. Forget the rest of the show. And the red carpet. And the after-parties. And Lena Dunham, and maybe even Unimpressed Tommy Lee Jones. Now if only someone could just put together all the Tina Fey and Amy Poehler bits from last night’s Golden Globes — what little their was after that fantastic monologue, anyway. Well, you’re in luck. Don’t thank us, thank Flavorwire. Oh, fine, thank us a little bit:


RELATED: The Only ‘Kiss From a Rose’ Cover You’ll Ever Need


RELATED: Let’s Get Honest with ‘The Avengers’


If you were wondering, we were totally rooting for the fish: 


RELATED: ‘Roseanne’ Predicted Internet Addiction; A Weather Alert from Hell


RELATED: Yes, Someone Turned Their Dead Cat Into a Helicopter


As you may have heard, it is very cold in Los Angeles. As you also may have heard, cold in Los Angeles is very different than cold anywhere else, and, well, it’s quite funny watching them squirm:


And, finally, here is a cat using its feline agility to maneuver itself into a hammock. Yes, we are jealous: 


Wireless News Headlines – Yahoo! News





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Lance Armstrong Admits Doping, Says Oprah Winfrey















01/15/2013 at 08:30 AM EST







Oprah Winfrey and Lance Armstrong


Heather Wines/CBS; Sipa


After being stripped of his seven Tour de France titles last August – and apparently lying in interviews for more than a decade – Lance Armstrong has admitted to using performance-enhancing drugs to win his multiple cycling championships, CBS News confirmed.

Armstrong, 41, made the personal confession to Oprah Winfrey in an interview to air over two nights starting Thursday on her OWN network, Winfrey announced Tuesday morning.

Appearing on CBS This Morning in what was basically a tease for her interview, Winfrey called her sit-down with the disgraced athlete "the biggest interview I've ever done," adding, "I would say he didn't come clean in the manner I expected."

She did say, however, she "was satisfied" and "riveted by some of his answers" to her 112 prepared questions.

Winfrey offered no specifics of what he said, other than to say that after about 90 minutes, while they were taking a break, Armstrong asked her, "Will there be a point where you lighten up?"

Asked by Eary Show's Charlie Rose if she found Armstrong "contrite," Winfrey did say he was "forthcoming," but "I choose not to characterize. I would prefer people make their own decisions."

She did admit he was "truthful, serious [and] certainly had prepared himself for this moment."

As for "why now," Winfrey said, "He was just ready," and she cited the mounting pressure upon Armstrong in the past weeks, which had "just increased in intensity."

Immediately following her interview with Armstrong, which took place Monday at the Austin, Texas, Four Season Hotel, Winfrey Tweeted: "Just wrapped with @lancearmstrong More than 2 1/2 hours . He came READY!" On CBS This Morning, she said he came with a small group of people, but "we did not allow the lawyers in the room."

The interview reportedly followed Armstrong's appearance at his Livestrong cancer charity offices in Austin, where he was said to have apologized to the 100 people on the staff.

There are also reports that Armstrong is in talks to return a portion of the millions of dollars in taxpayer money received by his former team, U.S. Postal Service, and that he may be willing to name others who used performance-enhancers.

In addition, CBS News reports that senior Justice Department officials have suggested that the government join a lawsuit filed by a former Postal Team member accusing Armstrong of defrauding the federal government.

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Stock futures fall amid debt limit, profit worries


NEW YORK (Reuters) - Stock index futures slipped on Tuesday as investors fretted over the debate brewing in Washington over raising the U.S. borrowing limit as well as what is expected to be a lackluster earnings season.


Economic reports include U.S. retail sales and producer prices for December as well as manufacturing activity in New York state for January, all due at 8:30 a.m. Business inventories for November will be released at 10 a.m.


On Monday, President Barack Obama rejected any negotiations with Republicans over raising the U.S. debt ceiling. The United States could default on its debt if Congress does not increase the borrowing limit.


Resolving the debt ceiling debate is more a question of how than if. Investors are wary of another last-minute agreement like the one in August 2011, said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.


"Of course people expect the government will not default on its debt ... but there could be damage done in how it's resolved," said Meckler. "A long, dragged out fight over this damages the credibility of the government and can weaken the global market for U.S. debt."


Speaking separately on Monday, Federal Reserve Chairman Ben Bernanke urged lawmakers to raise the debt ceiling. The central bank chairman also gave a cautiously optimistic outlook for U.S. growth but no clear hints on when the Fed would curb its aggressive bond purchases.


Corporate earnings season picks up the pace this week and investors are bracing for disappointment. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.


Homebuilder Lennar on Tuesday reported profit that beat expectations amid a jump in new home orders. The stock edged down 0.9 percent to $40.66 in premarket trading.


S&P 500 futures fell 6.5 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were down 31 points, and Nasdaq 100 futures lost 9.25 points.


Shares of Dell rose 3.7 percent to $12.75 in premarket trade the day after sources said the company is in talks with private equity firms on a potential buyout.


Facebook added 1.2 percent to $31.32 ahead of a major news event at its headquarters. The secretive nature of the event has triggered a guessing game about what the company could unveil.


ConocoPhillips said it would sell its properties in the Cedar Creek Anticline in Montana and North Dakota to Denbury Resources Inc for $1.05 billion in cash.


QLogic , the networking products maker, surged 7.1 percent to $10.90 after it gave a third-quarter outlook.


(Editing by Kenneth Barry)



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Decision on immunity for U.S. troops by year-end: Karzai


KABUL (Reuters) - A decision on immunity for U.S. troops staying in Afghanistan after the 2014 planned withdrawal will be made by the end of the year, Afghan President Hamid Karzai said on Monday.


"The issue of immunity is under discussion (and) it is going to take eight to nine months before we reach agreement," Karzai told a news conference in the capital, Kabul, after returning from meetings with U.S. President Barack Obama in Washington.


The Afghan government rejected an initial U.S. proposal regarding the question of immunity and a second round of negotiations will take place this year in Kabul, he said.


Those negotiations could involve Afghanistan's Loya Jirga, a "grand assembly" of political and community leaders convened for issues of national importance, he added.


When asked if security would deteriorate in Afghanistan after the withdrawal of the NATO-led force, Karzai replied: "By no means... Afghanistan will be more secure and a better place."


The Obama administration has been considering a residual force of between 3,000 and 9,000 troops in Afghanistan to conduct counterterrorism operations while providing training and assistance for Afghan forces. But the administration said last week it did not rule out a complete withdrawal after 2014.


The United States is insisting on immunity from prosecution for any U.S. troops that remain.


(Reporting By Hamid Shalizi, writing by Amie Ferris-Rotman and Dylan Welch; Editng by Robert Birsel)



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BlackBerry service outage hits Europe [updated]







BlackBerry subscribers using Vodafone in Europe, the Middle East and Africa were hit with a service outage on Friday morning that left many with no access to data services. Vodafone confirmed the outage to ZDNet but did not indicate what might have caused the service interruption. “We are aware that some BlackBerry customers are experiencing issues,” Vodafone said in a statement. “Vodafone is working closely with Research in Motion (RIMM) to restore full service as soon as possible.” Email, BlackBerry Messenger and other key services were all impacted by the outage, and Vodafone has subsequently told TechCrunch that service is in the process of being restored.


[More from BGR: How computer scientists are trying to stop smartphones and tablets from breaking the Internet]






UPDATE: RIM has issued a statement confirming that the issue lies with Vodafone and it is supporting the carrier’s efforts to restore service:


[More from BGR: ‘Apple is done’ and Surface tablet is cool, according to teens]



All BlackBerry services are operating normally but we are aware that a wider Vodafone service issue is impacting some of our BlackBerry customers in Europe, Middle East and Africa. We are supporting Vodafone’s efforts to resolve the issue as soon as possible.



This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News





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Jodie Foster Is 'Real,' Says Adoring Mel Gibson









01/14/2013 at 08:35 AM EST







Mel Gibson and Jodie Foster


Jeff Vespa/Wireimage; Jason Merritt/Getty


After giving close friend Mel Gibson a shout-out in her moving speech at the Golden Globes on Sunday night, Jodie Foster's Beaver costar is returning the love.

"I kiss the ground she walks on," the actor, 57, told PEOPLE at the InStyle/Warner Brothers after party. "I adore her."

The double Oscar-winning actress, 50, who has supported Gibson through his dark times, brought many in the ballroom to tears with her emotional speech in which she opened up about her personal life, including her sexuality.

"If you had to fight for a life that felt real and honest and normal against all odds, than maybe you too would value privacy above all else," said Foster, who has been in the spotlight since she was 3.

"I thought [her speech] was great," he said. "I love her."

Gibson, who called his longtime friend's support of him "so flattering," shared why he thought Foster was so deserving of the Cecil B. DeMille Award and outpouring of support at her revelation.

"Because she's real," he said simply.

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Flu more widespread in US; eases off in some areas


NEW YORK (AP) — Flu is now widespread in all but three states as the nation grapples with an earlier-than-normal season. But there was one bit of good news Friday: The number of hard-hit areas declined.


The flu season in the U.S. got under way a month early, in December, driven by a strain that tends to make people sicker. That led to worries that it might be a bad season, following one of the mildest flu seasons in recent memory.


The latest numbers do show that the flu surpassed an "epidemic" threshold last week. That is based on deaths from pneumonia and influenza in 122 U.S. cities. However, it's not unusual — the epidemic level varies at different times of the year, and it was breached earlier this flu season, in October and November.


And there's a hint that the flu season may already have peaked in some spots, like in the South. Still, officials there and elsewhere are bracing for more sickness


In Ohio, administrators at Miami University are anxious that a bug that hit employees will spread to students when they return to the Oxford campus next week.


"Everybody's been sick. It's miserable," said Ritter Hoy, a spokeswoman for the 17,000-student school.


Despite the early start, health officials say it's not too late to get a flu shot. The vaccine is considered a good — though not perfect — protection against getting really sick from the flu.


Flu was widespread in 47 states last week, up from 41 the week before, the Centers for Disease Control and Prevention said on Friday. The only states without widespread flu were California, Mississippi and Hawaii.


The number of hard-hit states fell to 24 from 29, where larger numbers of people were treated for flu-like illness. Now off that list: Florida, Arkansas and South Carolina in the South, the first region hit this flu season.


Recent flu reports included holiday weeks when some doctor's offices were closed, so it will probably take a couple more weeks to get a better picture, CDC officials said Friday. Experts say so far say the season looks moderate.


"Only time will tell how moderate or severe this flu season will be," CDC Director Dr. Thomas Frieden said Friday in a teleconference with reporters.


The government doesn't keep a running tally of adult deaths from the flu, but estimates that it kills about 24,000 people in an average year. Nationally, 20 children have died from the flu this season.


Flu vaccinations are recommended for everyone 6 months or older. Since the swine flu epidemic in 2009, vaccination rates have increased in the U.S., but more than half of Americans haven't gotten this year's vaccine.


Nearly 130 million doses of flu vaccine were distributed this year, and at least 112 million have been used. Vaccine is still available, but supplies may have run low in some locations, officials said.


To find a shot, "you may have to call a couple places," said Dr. Patricia Quinlisk, who tracks the flu in Iowa.


In midtown Manhattan, Hyrmete Sciuto got a flu shot Friday at a drugstore. She skipped it in recent years, but news reports about the flu this week worried her.


During her commute from Edgewater, N.J., by ferry and bus, "I have people coughing in my face," she said. "I didn't want to risk it this year."


The vaccine is no guarantee, though, that you won't get sick. On Friday, CDC officials said a recent study of more than 1,100 people has concluded the current flu vaccine is 62 percent effective. That means the average vaccinated person is 62 percent less likely to get a case of flu that sends them to the doctor, compared to people who don't get the vaccine. That's in line with other years.


The vaccine is reformulated annually, and this year's is a good match to the viruses going around.


The flu's early arrival coincided with spikes in flu-like illnesses caused by other bugs, including a new norovirus that causes vomiting and diarrhea, or what is commonly known as "stomach flu." Those illnesses likely are part of the heavy traffic in hospital and clinic waiting rooms, CDC officials said.


Europeans also are suffering an early flu season, though a milder strain predominates there. China, Japan, the West Bank, the Gaza Strip, Algeria and the Republic of Congo have also reported increasing flu.


Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.


Most people with flu have a mild illness. But people with severe symptoms should see a doctor. They may be given antiviral drugs or other medications to ease symptoms.


Some shortages have been reported for children's liquid Tamiflu, a prescription medicine used to treat flu. But health officials say adult Tamiflu pills are available, and pharmacists can convert those to doses for children.


___


Associated Press writers Dan Sewell in Cincinnati, Catherine Lucey in Des Moines, and Malcolm Ritter in New York contributed to this report.


___


Online:


CDC flu: http://www.cdc.gov/flu/index.htm


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Apple drops on demand worries, leaving futures lower


NEW YORK (Reuters) - Stock index futures fell on Monday as shares of Apple were hit by demand concerns, while the corporate earnings season was set to pick up this week.


Apple slid more than 3 percent in premarket trade after a report that the tech company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock was down 3.8 percent at $500.80.


Earnings season picks up the pace this week with reports expected from companies including Goldman Sachs , Bank of America , Intel and General Electric .


Overall earnings are expected to grow by just 1.9 percent in this reporting period, according to Thomson Reuters data. Thirty-eight S&P 500 companies are due to report results this week.


"I think there's going to be more misses than hits in terms of revenue and margins. It's going to be a little bit light this earnings season compared to the last one," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.


"But the underlying factor is that there's economic growth and that the global economy is picking up."


Investors will also be watching a speech from Federal Reserve Chairman Ben Bernanke, who will be speaking on monetary policy, recovery from the global financial crisis and long-term challenges facing the American economy at 4 p.m. (2100 GMT).


Top Fed official Charles Evans said earlier on Monday the U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014.


S&P 500 futures fell 1.1 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 18 points, and Nasdaq 100 futures were down 13.25 points.


Transocean Ltd has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Its shares rose 3.3 percent to $55.89.


Hewlett-Packard rose 1.8 percent to $16.45 after JPMorgan raised its price target to $21 from $15.


Boeing could come under renewed pressure after Japan's transport ministry launched an investigation into what caused two fuel leaks on a 787 Dreamliner jet owned by Japan Airlines Co 9201.T.U.S. transportation officials have also said they will take a comprehensive look at the plane to ensure there were no flaws.


United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto.


(Editing by Kenneth Barry)



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