Stock futures mixed as Intel offsets Morgan Stanley, China data


NEW YORK (Reuters) - Stock index futures were little changed on Friday, a day after the S&P 500 rose to its highest level in five years, as a weak outlook from Intel was weighed against encouraging data out of China and a fourth-quarter profit at Morgan Stanley .


Shares of Intel Corp slumped 5.4 percent to $21.44 in premarket trading after the tech company forecast quarterly revenue that was below analysts' estimates and hiked capital spending plans for the year.


Futures got a lift after Morgan Stanley reported a fourth-quarter profit after a year-earlier loss, helped by higher revenue at the bank's institutional securities business. Its stock was up 7.2 percent at $22.25 in premarket trading.


Economic data out of China provided some support to the market. The country's economy grew at a modestly faster-than-expected 7.9 percent in the fourth quarter, the latest sign the world's second-biggest economy was pulling out of a post-global financial crisis slowdown which saw it grow in 2012 at its weakest pace since 1999.


S&P 500 futures rose 0.2 points and were above 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 slipped 3 points, and Nasdaq 100 futures lost 8 points.


Stronger-than-expected economic data boosted the S&P 500 on Thursday to its highest level in five years. The index is now just 5.6 percent from a record closing peak of 1,565.15.


It would be a normal reaction for investors to take a pause at this point, but any weakness in the market could be a buying opportunity, said Andre Bakhos, director of market analytics at Lek Securities in New York.


"It's the type of market where it's starting to gain momentum and if investors miss the run, they're going to be behind the eight ball early in the year," said Bakhos.


General Electric reported a rise in earnings on Friday, pushing its shares up 3.5 percent in premarket trading to $22.05.


Johnson Controls dropped 2.6 percent to $31.12 after its profit fell and the company forecast further declines.


Overall, S&P 500 company earnings are expected to have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations for the quarter have dropped considerably since October, when a 9.9 percent gain was estimated.


AT&T warned after Thursday's closing bell that it will take a fourth-quarter charge of about $10 billion due to bigger-than-expected pension obligations. Shares of the telephone company fell 1.4 percent to $32.74 in premarket trading Friday.


On the economic front, a report on consumer sentiment in early January will be released at 9:55 am ET (1455 GMT).


(Editing by Bernadette Baum)



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Many dead at site of Algerian kidnapping


ALGIERS (Reuters) - Many people were killed when Algerian forces opened fire on a vehicle at a remote gas plant where gunmen were holding dozens of Western hostages, a resident of the locality and Arab news reports said on Thursday.


The resident, who asked not to be identified, said there were many bodies at the scene. He did not give firm numbers of the dead or say whether they were kidnappers, hostages or both.


Mauritania's ANI news agency, which has been in constant contact with the kidnappers, reported that 34 of the captives and 15 of the captors had been killed when government forces fired from helicopters while the kidnappers were trying to move some of their prisoners.


Qatar-based Al Jazeera television carried a similar report. Those details could not be immediately confirmed.


ANI quoted a spokesman for the kidnappers as saying they would kill the rest of their captives if the army approached.


Governments around the world were holding emergency meetings to respond to one of the biggest international hostage crises in decades, which sharply raised the stakes in a week-old French campaign against al Qaeda-linked rebels in the Sahara.


An Algerian security source earlier said 25 foreign hostages had escaped the besieged compound, including two Japanese.


The source told Reuters the captors had demanded safe passage out with their prisoners. Algeria has refused to negotiate with what it says is a band of about 20 fighters.


A group calling itself the "Battalion of Blood" says it seized 41 foreigners, including Americans, Japanese and Europeans, after storming the gas pumping station and its employee barracks before dawn on Wednesday.


The attackers have demanded an end to the French military campaign in Mali, where hundreds of French paratroopers and marines are launching a ground offensive against rebels a week after Paris began firing on militants from the air.


(Reporting by Lamine Chikhi; Writing by Peter Graff; Editing by Giles Elgood)



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Missouri Lawmaker Wants Violent Video Games Taxed






A rural Missouri lawmaker wants her state to tax certain video games to help curb gun violence. The Associated Press reports state Rep. Diane Franklin, R-Camdenton, believes a 1 percent sales tax on video games rated teen, mature and adults only would help finance mental health programs aimed at reducing gun violence such as the recent mass shooting at Sandy Hook Elementary School in Newtown, Conn.


What does the legislation propose?






House Bill 157 proposes to create “an excise tax based on the gross receipts or gross proceeds of each sale” of video games rated by the Entertainment Software Rating Board (ESRB). The tax also involves the “storage, use or other consumption” of violent video games in Missouri including “tangible personal property.” This means the tax could extend to memorabilia derived from the games such as toys, clothing and video game accessories.


How does the legislation hope to enhance public safety?


The law hopes to procure “new and additional funding for treatment of mental health conditions associated with exposure to violent video games… .” The revenue from the tax cannot be used to replace existing revenue already in place. Franklin deems the legislation “necessary for the immediate preservation of the public health, welfare, peace and safety.” Therefore, if the legislation passes it will go into effect immediately. There is no mention in the legislation as to how much revenue should be generated, nor does it say whether the sales tax is just on new merchandise as opposed to used games on the secondary market.


Have similar laws been considered before?


A similar proposal was struck down in mid-February in Oklahoma. Democrat William Fourkiller crafted legislation in 2012 that is very similar to Franklin’s idea in Missouri. A subcommittee struck down the bill by a 6-5 margin. Fourkiller, in defending the law , said it wasn’t a “magic bullet” but that Oklahoma had “to start somewhere” to curb childhood violence. Oklahoma also would have taxed ESRB teen, mature and adults only games at a rate of 1 percent.


Does the Missouri law have a chance to pass?


CNN notes a federal appeals court made a ruling in 2003 that video games are free speech protected by the First Amendment. Ironically, it was a federal case stemming from St. Louis County, Mo., that created the precedent for video games as free speech. Senior U.S. District Judge Stephen Limbaugh’s decision was reversed by an appellate panel. The ruling came shortly after the state of Washington banned the sale of certain video games to children under the age of 17. Gamasutra reveals New Mexico also tried, and failed, to pass a similar law in 2008.


What are Franklin’s credentials as they relate to the proposed bill?


Franklin was first elected in 2010 from Camdenton. She is a mother of two sons and served on Camdenton School Board from 1993 to 1999. She sits on the House Appropriations-Education committee. Franklin is a third-generation small business owner and comes from a farming family. Missouri Republicans currently have a veto-proof supermajority in the General Assembly. Camdenton is a small city of around 3,700 people near Lake of the Ozarks in central Missouri.


William Browning is a research librarian specializing in U.S. politics.


Gaming News Headlines – Yahoo! News





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Pawn Stars's Rick Harrison Sets Wedding Date















01/17/2013 at 08:30 AM EST







Rick Harrison and Deanna Burditt


MJT/AdMedia


Rick Harrison has gone from pawning to planning.

After months of going back and forth, the Pawn Stars ringleader and his fiancée, Deanna Burditt, have finally set a date for their wedding: July 21.

But the date is just the beginning for Harrison, 47, who tells PEOPLE, "She sticking me with all the planning!"

The nuptials – initially planned for Las Vegas – will now take place at the Ritz Carlton in Southern California's Laguna Beach.

"It will be a lot of friends and family," Harrison said while attending Wednesday night's opening of Wynn Las Vegas's Andrea's. "It started off with about 40 people and it's well over 100 people now. You know how those things go."

Aside from the guest count close to being finalized, Harrison said Danny Koker of the History Channel's Counting Cars will become an ordained minister and marry the couple, and Harrison's Pawn Stars costar Chumlee is set to be the ring bearer.

"I can't make that up," he said. "I just had no idea there was so much involved. I just thought you got a cake, had a party, buy a keg. But we're getting it done."

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Large study confirms flu vaccine safe in pregnancy


NEW YORK (AP) — A large study offers reassuring news for pregnant women: It's safe to get a flu shot.


The research found no evidence that the vaccine increases the risk of losing a fetus, and may prevent some deaths. Getting the flu while pregnant makes fetal death more likely, the Norwegian research showed.


The flu vaccine has long been considered safe for pregnant women and their fetus. U.S. health officials began recommending flu shots for them more than five decades ago, following a higher death rate in pregnant women during a flu pandemic in the late 1950s.


But the study is perhaps the largest look at the safety and value of flu vaccination during pregnancy, experts say.


"This is the kind of information we need to provide our patients when discussing that flu vaccine is important for everyone, particularly for pregnant women," said Dr. Geeta Swamy, a researcher who studies vaccines and pregnant women at Duke University Medical Center.


The study was released by the New England Journal of Medicine on Wednesday as the United States and Europe suffer through an early and intense flu season. A U.S. obstetricians group this week reminded members that it's not too late for their pregnant patients to get vaccinated.


The new study was led by the Norwegian Institute of Public Health. It tracked pregnancies in Norway in 2009 and 2010 during an international epidemic of a new swine flu strain.


Before 2009, pregnant women in Norway were not routinely advised to get flu shots. But during the pandemic, vaccinations against the new strain were recommended for those in their second or third trimester.


The study focused on more than 113,000 pregnancies. Of those, 492 ended in the death of the fetus. The researchers calculated that the risk of fetal death was nearly twice as high for women who weren't vaccinated as it was in vaccinated mothers.


U.S. flu vaccination rates for pregnant women grew in the wake of the 2009 swine flu pandemic, from less than 15 percent to about 50 percent. But health officials say those rates need to be higher to protect newborns as well. Infants can't be vaccinated until 6 months, but studies have shown they pick up some protection if their mothers got the annual shot, experts say.


Because some drugs and vaccines can be harmful to a fetus, there is a long-standing concern about giving any medicine to a pregnant woman, experts acknowledged. But this study should ease any worries about the flu shot, said Dr. Denise Jamieson of the Centers for Disease Control and Prevention.


"The vaccine is safe," she said.


___


Online:


Medical journal: http://www.nejm.org


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Stock futures add to gains after housing, claims data


NEW YORK (Reuters) - Stock index futures added to gains after data showed initial jobless claims fell to a five-year low last week and housing starts climbed to their highest rate since June 2008.


S&P 500 futures rose 6.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 8 points and Nasdaq 100 futures gained 12.25 points.


(Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)



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Syrian army on offensive in Aleppo after university blast


BEIRUT (Reuters) - Syrian armed forces launched a renewed offensive in the northern city of Aleppo on Wednesday, state media said, a day after 87 people were killed in explosions at the city's university.


The state news agency SANA said the military had killed dozens of "terrorists" - a term Damascus uses for rebels trying to overthrow President Bashar al-Assad - in the new fighting.


Reuters cannot independently verify reports due to media restrictions in Syria.


"The Armed Forces carried out several special operations against the mercenary terrorists in Aleppo and its countryside, inflicting heavy losses upon them in several areas," SANA said.


Aleppo is split roughly in half between government and rebel forces. SANA said dozens of "terrorists" were killed in the rebel strongholds of Sukari, Bab al-Hadeed and Bustan al-Qasr.


Government forces also killed militants in al-Laramon, a area of Aleppo from which Damascus says two rockets were fired into the University of Aleppo on Tuesday, it added.


If confirmed, the government's report of a rocket attack would suggest rebels in the area had been able to obtain and deploy more powerful weapons than previously used.


The Syrian Observatory for Human Rights, a Britain-based monitoring group, said 87 people were killed and dozens wounded in the explosions, but it could not identify the source of the blasts. It said the toll could rise to more than 100 as there were still body parts that were unaccounted for.


State television showed a body lying on the street and burning cars. An entire facade of a multi-story university building had crumbled and cars were overturned. An interior shot of a corridor showed that the ceiling had caved in.


Amateur video footage showed students carrying books out of the university after one of the explosions, walking quickly away from rising smoke. The camera then shakes to the sound of another explosion and people begin to run.


Syria has been plunged into bloodshed since a violent government crackdown in early 2011 on peaceful demonstrations for democratic reform which turned the unrest into an armed insurgency bent on overthrowing Assad.


Each side in the 22-month-old conflict blamed the other for Tuesday's blasts at the university, located in a government-held area of Syria's most populous city.


Some activists in Aleppo said a government air strike caused the explosions, while state television accused terrorists of firing two rockets at the university. A rebel fighter said the blasts appeared to have been caused by surface-to-surface missiles.


The nearest rebel-controlled area, Bustan al-Qasr, is more than a mile away from the university.


The Observatory said rebel sources on the ground reported they were fighting with government forces in the early hours of Wednesday around Bustan al-Qasr, implying a renewed push by government forces to expel the insurgents.


(Reporting by Oliver Holmes; Editing by Jon Boyle)



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iPhone demand said to be ‘robust,’ recent cuts don’t reflect weak demand







Following recent reports from Nikkei and The Wall Street Journal that suggested Apple (AAPL) slashed iPhone 5 component orders in half due to weak demand,  the company’s stock fell significantly and opened below $ 500 for the first time in nearly a year. The reports have been called into question, however, with many believing they do not represent true consumer interest. Shaw Wu of Sterne Agee wrote in a note to investors on Tuesday, per Apple Insider, that his supply chain checks have indicated that demand for the iPhone 5 “remains robust.” The analyst believes the recent reports are a result of improved yield rates and possibly Apple’s recent supplier changes.


[More from BGR: PlayStation 4 and Xbox 720 could cost just $ 350, expected to launch this fall]






Despite the recent concerns, Wu expects Apple to post better-than-expected earnings for the December quarter led by sales of 47.5 million iPhones with a gross margin of 38.7%. Both estimates are above Wall Street’s expectations of between 46 to 47 million iPhones and a 38.3% gross margin.


[More from BGR: HTC One SV review]


Sterne Agee reiterated its Buy rating on shares of Apple with a price target of $ 840.


Wu’s expectations remain bullish compared to other Wall Street analysts. Stuart Jeffrey of Nomura is the most recent analyst to cut his outlook on Apple stock. Nomura reduced the company’s price target to $ 530 from $ 660 Tuesday morning, citing weak demand for the iPhone 5 and increased pressure on Apple’s margins.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News




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Jessica Simpson: Second Pregnancy Was a Shock, Much Different Than First

Jessica Simpson: Second Pregnancy Was a Shock
Paul Drinkwater/NBC


Jessica Simpson says she was channeling a certain curvaceous reality star when she posted for a bikini bump self-portrait on Twitter during her Christmas holiday in Hawaii.


“I felt really hot, and I thought I deserved a Kim Kardashian moment, you know? I was really feeling it, like, ‘Oh, my bump looks cute. I’m going to share that,’” the Fashion Star mentor quipped during an appearance on Tuesday’s Tonight Show with Jay Leno.


But Simpson, 32, says her second pregnancy has been anything but a feel-good time. She’s been nauseated and not having the same sort of cravings as when she was expecting daughter Maxwell Drew, who’s now 8 months old and beginning to crawl.

“I’ve been really, really sick so I can’t wait to actually be able to crave something like I did in my first pregnancy,” the singer and actress explains. “I’m due in the summer so I still have a ways to go — hopefully I start feeling better.”


That morning sickness may be a good thing for the Weight Watchers spokeswoman. Simpson says she gained “a lot more” than her doctors recommended the first go-round, but this time she hopes to eat healthier and not go too crazy.


“I didn’t really make any healthy, good decisions,” she says of her first pregnancy. “The last time I ate everything in sight. I was really happy to be pregnant and I just didn’t even step on the scale. I was the person who turned around and said, ‘Just don’t tell me, I’m having fun.’”


“I guess I just didn’t realize you could gain that much weight that quickly,” Simpson explains. “I had fun doing it but once I had Maxwell I realized that it all wasn’t water weight and I had to really work hard. In four months I lost over 50 pounds.”


The second pregnancy, she added, was not planned and surprised both her and fiancĂ© Eric Johnson, whom she joked was “really proud” that it happened all over again so quickly.


“Apparently it was a part of God’s plan for my life,” Simpson says with a laugh. “I was extremely shocked. I was shocked because I was going through a lot of hormonal changes trying to get back to the old, vibrant Jessica. And you know, it was kind of like a one-night stand. And it happened … all over again!”


Her much-anticipated wedding, she says, just keeps getting pushed back.


“We’ve had two different wedding dates, but he keeps knocking me up,” Simpson wisecracks. “I’m doing it very backwards, I know! I’ll just keep my legs crossed this time.”



– Andrea Billups


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ER visits tied to energy drinks double since 2007


SAN FRANCISCO (AP) — A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity in convenience stores, bars and on college campuses.


From 2007 to 2011, the government estimates the number of emergency room visits involving the neon-labeled beverages shot up from about 10,000 to more than 20,000. Most of those cases involved teens or young adults, according to a survey of the nation's hospitals released late last week by the Substance Abuse and Mental Health Services Administration.


The report doesn't specify which symptoms brought people to the emergency room but calls energy drink consumption a "rising public health problem" that can cause insomnia, nervousness, headache, fast heartbeat and seizures that are severe enough to require emergency care.


Several emergency physicians said they had seen a clear uptick in the number of patients suffering from irregular heartbeats, anxiety and heart attacks who said they had recently downed an energy drink.


More than half of the patients considered in the survey who wound up in the emergency room told doctors they had downed only energy drinks. In 2011, about 42 percent of the cases involved energy drinks in combination with alcohol or drugs, such as the stimulants Adderall or Ritalin.


"A lot of people don't realize the strength of these things. I had someone come in recently who had drunk three energy drinks in an hour, which is the equivalent of 15 cups of coffee," said Howard Mell, an emergency physician in the suburbs of Cleveland, who serves as a spokesman for the American College of Emergency Physicians. "Essentially he gave himself a stress test and thankfully he passed. But if he had a weak heart or suffered from coronary disease and didn't know it, this could have precipitated very bad things."


The findings came as concerns over energy drinks have intensified following reports last fall of 18 deaths possibly tied to the drinks — including a 14-year-old Maryland girl who died after drinking two large cans of Monster Energy drinks. Monster does not believe its products were responsible for the death.


Two senators are calling for the Food and Drug Administration to investigate safety concerns about energy drinks and their ingredients.


The energy drink industry says its drinks are safe and there is no proof linking its products to the adverse reactions.


Late last year, the FDA asked the U.S. Health and Human Services to update the figures its substance abuse research arm compiles about emergency room visits tied to energy drinks.


The Substance Abuse and Mental Health Services Administration's survey was based on responses it receives from about 230 hospitals each year, a representative sample of about 5 percent of emergency departments nationwide. The agency then uses those responses to estimate the number of energy drink-related emergency department visits nationwide.


The more than 20,000 cases estimated for 2011 represent a small portion of the annual 136 million emergency room visits tracked by Centers for Disease Control and Prevention.


The FDA said it was considering the findings and pressing for more details as it undertakes a broad review of the safety of energy drinks and related ingredients this spring.


"We will examine this additional information ... as a part of our ongoing investigation into potential safety issues surrounding the use of energy-drink products," FDA spokeswoman Shelly Burgess said in a statement.


Beverage manufacturers fired back at the survey, saying the statistics were misleading and taken out of context.


"This report does not share information about the overall health of those who may have consumed energy drinks, or what symptoms brought them to the ER in the first place," the American Beverage Association said in a statement. "There is no basis by which to understand the overall caffeine intake of any of these individuals — from all sources."


Energy drinks remain a small part of the carbonated soft drinks market, representing only 3.3 percent of sales volume, according to the industry tracker Beverage Digest. Even as soda consumption has flagged in recent years, energy drinks sales are growing rapidly.


In 2011, sales volume for energy drinks rose by almost 17 percent, with the top three companies — Monster, Red Bull and Rockstar — each logging double-digit gains, Beverage Digest found. The drinks are often marketed at sporting events that are popular among younger people such as surfing and skateboarding.


From 2007 to 2011, the most recent year for which data was available, people from 18 to 25 were the most common age group seeking emergency treatment for energy drink-related reactions, the report found.


"We were really concerned to find that in four years the number of emergency department visits almost doubled, and these drinks are largely marketed to younger people," said Al Woodward, a senior statistical analyst with the Substance Abuse and Mental Health Services Administration who worked on the report.


Emergency physician Steve Sun said he had seen an increase in such cases at the Catholic hospital where he works on the edge of San Francisco's Golden Gate Park.


"I saw one young man who had mixed energy drinks with alcohol and we had to admit him to the hospital because he was so dehydrated he had renal failure," Sun said. "Because he was young he did well in the hospital, but if another patient had had underlying coronary artery disease, it could have led to a heart attack."


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Follow Garance Burke on Twitter at http://twitter.com/garanceburke


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