Wall Street flat as Apple gains; Boeing drags Dow

NEW YORK (Reuters) - Stocks held near the unchanged mark on Wednesday as concerns about global economic growth and a drop in Boeing shares offset strong bank results and gains in technology stocks.

Goldman Sachs shares hit their highest level since May 31, 2011 as earnings nearly tripled on increased revenue from dealmaking and lower compensation expenses, while JPMorgan Chase said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record.

JPMorgan shares edged up 0.2 percent at $46.44 and Goldman was up 3.5 percent to $140.27. The KBW bank index <.bkx> gained 0.3 percent.

But with only 37 companies in the S&P 500 having reported earnings so far this season, investors are exercising caution until signs of growth can emerge.

According to Thomson Reuters data, S&P 500 earnings growth is now seen up 2.2 percent from a year ago, Thomson Reuters data showed.

"We didn't have much in the way of earnings, we had some of the big banks, but you've got the heart of earnings season coming up and people are sort of on the sidelines here," said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

A slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply scaled back its forecast for world growth in 2013 to 2.4 percent from an earlier forecast of 3.0 percent.

Shares of Dow component Boeing fell 3.3 percent to $74.39, the biggest drag on the Dow, on concerns about its new Dreamliner passenger jets. Japan's two leading airlines grounded their fleets of 787s after an emergency landing, adding to safety concerns triggered by a series of recent incidents.

The Dow Jones industrial average <.dji> dropped 35.95 points, or 0.27 percent, to 13,498.94. The Standard & Poor's 500 Index <.spx> shed 1.60 points, or 0.11 percent, to 1,470.74. The Nasdaq Composite Index <.ixic> gained 2.91 points, or 0.09 percent, to 3,113.68.

Losses were curbed on the S&P 500 and the Nasdaq moved higher on a bounce in Apple shares, which were up 3.6 percent at $503.31 after losses in three straight sessions. Morgan Stanley stamped the tech giant as a "best idea," citing overblown concerns about iPhone shipments. The S&P technology sector index <.splrct> gained 0.5 percent.

"Apple rebounding certainly helps the market - if Apple wasn't rebounding I don't think we would be at a flat level," said Ghriskey.

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 4.6 percent to $12.57 after jumping more than 21 percent over the past two sessions.

U.S. consumer prices were flat in December, pointing to muted inflation pressures that should give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path.

Other data showed U.S. homebuilder confidence in the market for single family homes held steady near seven year highs in January, suggesting the outlook for the housing market remained upbeat.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

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Iraqi Lawmaker and Sunni Leader Killed in Suicide Bombing

BAGHDAD — An Iraqi Parliament member who was also the leader of a local council of the Sunni Awakening, an American-backed group of Sunni militias that switched sides to fight against Al Qaeda in Iraq, was killed in a suicide bomb attack in Anbar Province on Tuesday, security and government officials said.

The lawmaker, Efan al-Essawi, who owned a construction company, had gone to inspect a road that it was building to connect Falluja with the main highway in Anbar, a trade route that leads west to Syria and Jordan. The region has been embroiled in turmoil since last month, when protests, led mostly by Sunnis, broke out against the Shiite-led government of Prime Minister Nuri Kamal al-Maliki. The demonstrations continued in Anbar on Tuesday.

Officials said that the suicide attacker, disguised as a worker, approached Mr. Essawi and blew himself up, killing Mr. Essawi and injuring one of his guards.

Mr. Essawi had escaped many assassination attempts before. In 2009, attackers placed a magnetic bomb on the armored car that he was using when he was a candidate for Parliament, the first attack on a candidate as those elections approached. He avoided serious injury in that episode.

The province called for three days of mourning for Mr. Essawi, a prominent local figure, and members of his largely Sunni bloc of lawmakers, Iraqiya, boycotted a session of Parliament in protest over the inability of the government to respond to the demands of the demonstrators and its failure to provide adequate security.

“Today our ministers have boycotted the session in the cabinet, as they want to send a message to say that we are closer to the street, not the government,” Leqa Mahdi, a member of Iraqiya from Anbar Province, said in a telephone interview. “This boycott will continue until the government responds to the demands of the demonstrators, until the parties sit down and find real solutions for the current crisis.”

It was not immediately clear who was behind the attack on Mr. Essawi, but one of his close associates said he had seen in a text message a threat by Al Qaeda against Mr. Essawi that said, “We will kill you even if it was the last day on earth.”

The assassination comes as Iraq grapples with political turmoil. A raid last month by security forces on the office and home of the Sunni finance minister, Rafe al-Essawi, and the arrest of 10 bodyguards inflamed tempers and stirred charges that Mr. Maliki, a Shiite, was monopolizing power and marginalizing Sunnis ahead of provincial elections scheduled for April. Rafe al-Essawi is not related to Efan al-Essawi.

 Over the past few weeks, thousands of Sunnis have staged protests, mostly in Anbar, to show their anger against the government. They and senior opposition politicians have made repeated calls for Mr. Maliki to resign.

Iraqi government television reported that Mr. Maliki said on Tuesday that the killers of the lawmaker would be tracked down and punished.

Christine Hauser contributed reporting from New York.

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Cuban hospital carefully guards Hugo Chavez’s privacy

HAVANA (Reuters) – You would never guess that one of the world’s most famous heads of state, Venezuelan president and self-proclaimed revolutionary Hugo Chavez, is battling cancer at Havana’s Center for Medical-Surgical Research (CIMEQ).

At the weekend there was no visible increase in security at the hospital’s main entrance, where guards in olive green uniforms checked the comings and goings of visitors and waved on dallying reporters.

The sprawling, three story complex that is run by the Cuban Interior Ministry is located in leafy Siboney, one of the country’s most exclusive neighborhoods on the western edge of the Cuban capital, and just minutes from the home of Fidel Castro.

It has been a month since the once feisty and now cancer-stricken Chavez, leader of one of the world’s biggest oil producing nations, was operated on for a fourth time at the hospital. This time around, there have been no glowing reports of recovery.

CIMEQ’s best known patient, Fidel Castro, 86, has been treated there since 2006 when he was operated on for intestinal bleeding, forcing him to cede power to his brother Raul Castro.

Ironically Chavez, who often visited the man he refers to as his mentor during Castro’s ordeal, has now become CIMEQ’s second best known patient. In a dramatic reversal of fate, it is Fidel Castro who has been repeatedly at the 58-year-old Venezuelan president’s bedside, beginning with his first operation in 2011.

Hazy Venezuelan government communiques speak of unexpected bleeding during Chavez’s most recent surgery and a lung infection that has kept the 58-year-old Chavez in a “stable” but “delicate” state since mid-December.

There has not been a word, nor even a tweet from the usually vociferous Chavez. His Twitter account, with almost 4 million followers, went silent after November 1.

Meanwhile, Chavez’s family has been holding vigil in Havana, as other Venezuelan leaders and various Latin American heads of state come and go in a show of support. The presidents of Argentina and Peru visited over the weekend.

What the operation involved, and even the type of cancer attacking Chavez and its exact location, are considered state secrets.

VIP FACILITIES OFF LIMITS

CIMEQ, according to various Cuban doctors and nurses, is the Caribbean island’s finest medical facility, boasting up to date equipment and pharmaceuticals and with the authority to call in the country’s top specialists and support staff from other hospitals, as has been done in Chavez’s case.

“CIMEQ exists in the 21st century and is the equal to some of the best facilities in the world, while the rest of the country’s hospitals remain at 20th century levels,” said one local doctor who requested her name be withheld.

“There are no shortages of supplies and medicines and the food is great,” she added.

The hospital treats mainly interior ministry personnel, their families and area residents free of charge.

In a land where complaints are common, it is hard to find anyone with a bad word to say about the place, except that it is reserved exclusively for the elite.

“Unfortunately, I lost my father to cancer at CIMEQ less than a year ago,” said 47- year-old Agustín Daniel.

“He was treated for years at CIMEQ and the care was exquisite. He died because cancer kills and sometimes there is no solution,” the self-employed interior decorator said.

CIMEQ also boasts a wing for foreigners willing to pay for their care, as well as special VIP facilities for Cuba’s top leaders and important figures from other lands.

“Distinguished personalities from the arts, sciences and politics from all over the world have received attention in its modern and efficient installations,” the hospital‘s Web Page (www.cimeq.org)states.

Little is known about the hospital’s VIP accommodations, where Chavez is being treated, except that they are equipped with the latest technology and that those who work there are often sequestered for periods of time. Like all CIMEQ staff, they are sworn to secrecy at the risk of losing their licenses and criminal prosecution.

“The VIPs are treated on the third floor which is off limits to most staff even if they work for the Interior Ministry and wear uniforms under their white coats,” a doctor who has worked at CIMEQ said.

“The elevators to the third floor have guards and if the patient goes outside part of the grounds are closed off,” he said, adding, “no one knows what goes on up there.”

(Editing by David Adams and Andrew Hay)

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See Stars' Slim-Down Superfoods

New year, new resolutions! See how Hilary Duff, Kourtney Kardashian and more are eating well and keeping their A-list figures!

Credit: Courtesy Hilary Duff

Updated: Tuesday Jan 15, 2013 | 06:00 AM EST
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Experts: Proposed NY gun law might hinder therapy

NEW YORK (AP) — Mental health experts say a new tougher New York state gun control law might interfere with treatment of potentially dangerous people and even discourage them from seeking help.

The law would require therapists, doctors, nurses and social workers to tell government authorities if they believe a patient is likely to harm himself or others. That could lead to revoking the patient's gun permit and seizing any guns.

In interviews Tuesday, one expert called the new law meaningless and said he expects mental health providers to ignore it, while others said they worry about its impact on patients.

Dr. Paul Appelbaum at Columbia University said the prospect of being reported to local mental health authorities and maybe the police might discourage people from revealing thoughts of harm to a therapist, or even from seeking treatment at all.

"The people who arguably most need to be in treatment and most need to feel free to talk about these disturbing impulses, may be the ones we make least likely to do so," said the director of law, ethics and psychiatry at Columbia. "They will either simply not come, or not report the thoughts that they have."

"If people with suicidal or homicidal impulses avoid treatment for fear of being reported in this way, they may be more likely to act on those impulses," he said.

Currently a mental health professional has a duty to protect potential victims of a patient, but there are several ways to do that, he said. The patient can be committed to an institution, voluntarily or not, or his medication can be changed to reduce the risk, or the intended victim can be warned, he said.

The patient's family can be asked to lock up any guns in the house, or to keep an eye on the patient to see if he's doing something that could bring on violence, like drinking or skipping his medications, Appelbaum said. The family could then notify the mental health professional.

This flexibility allows a therapist to deal with a risk of violence without breaching confidentiality in all cases, he said. And even if those steps are enough to blunt the danger, the proposed law would still require that the patient be reported to mental health authorities, he noted.

"It undercuts the clinical approach to treating these impulses, and instead turns it into a public safety issue," Appelbaum said.

He also noted that in many mass shootings in the past, the gunman had not been under treatment and so would not have been deterred by a law like the proposed measure.

Dr. Steven Dubovsky, chairman of the psychiatry department at the University at Buffalo, called the new measure meaningless. "It's pure political posturing" and a deceptive attempt to reassure the public, he said.

The intent seems to be to turn mental health professionals into detectives and policemen, he said, but "no patient is going to tell you anything if they think you're going to report them."

A therapist who took the measure seriously would have to warn patients about revealing anything incriminating, which would destroy the doctor-patient relationship, he said.

At the same time, he said the law can't be taken seriously because therapists won't be held liable if they don't report a patient they think is dangerous.

He thinks most therapists will ignore the law and continue to handle cases as they do now.

Dr. Mark Olfson, a psychiatry professor at Columbia, said that if the new law is "crudely applied," it could "erode patient trust in mental health care professionals," essential for effective care. Yet, he said, "if the law is implemented in a clinically well-informed manner, it holds the promise of helping to protect patients and the general public."

Eric Neblung, president of the New York State Psychological Association and a psychologist in Nyack, NY, called the new measure "a helpful step" but said it doesn't address a more fundamental need — improved access to mental health services.

---

Medical writer Lindsey Tanner reported from Chicago.

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Wall Street pulls flat as Apple pares losses, retailers gain

NEW YORK (Reuters) - Stocks pared losses and pulled near the unchanged mark on Tuesday as tech heavyweight Apple came off earlier lows and economic data helped retailers advance.

Apple fell for the third day in a row as the biggest drag on both the S&P 500 and Nasdaq 100 <.ndx> after reports on Monday of cuts to orders for iPhone parts. Shares were down nearly 2.5 percent at $489.11, rebounding somewhat from a session low of $483.84, its lowest level since February.

Retailer stocks advanced and helped to minimize the market's decline after a government report that retail sales rose more than expected in December was seen as a favorable sign for fourth-quarter growth. However, a separate report showed manufacturing activity in New York state contracted for the sixth month in a row in January.

"It's trying to push its way up in here, the question is, has Apple stabilized maybe a little bit down here? The retail sales numbers were really good, much better than expected this morning and that is helping the whole retail group," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

"The bulls are clearly trying to take control of this market and hold it up here. There is clearly buying on any of the dips."

American Eagle Outfitters Inc gained 4 percent to $20.43 and Gap Inc rose 3 percent to $32.32. The Morgan Stanley retail index <.mvr> climbed 1.2 percent.

Investors also continue to eye the looming debt ceiling debate. 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 don't expect a U.S. default, but they are also wary of another eleventh-hour agreement like the one in August 2011.

The Dow Jones industrial average <.dji> shed 1.42 points, or 0.01 percent, to 13,505.90. The Standard & Poor's 500 Index <.spx> dipped 0.46 points, or 0.03 percent, to 1,470.22. The Nasdaq Composite Index <.ixic> lost 6.30 points, or 0.20 percent, to 3,111.20.

An expected lackluster earnings season also kept investors from taking aggressive bets. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.8 percent from a year ago, Thomson Reuters data showed.

Homebuilder Lennar reported a sharp rise in quarterly profit, but the stock fell 2.1 percent to $40.16 on worries that growth in orders was slowing. The PHLX housing sector index <.hgx> declined 0.3 percent.

Express Inc surged 22.5 percent to $17.22 as the biggest percentage gainer on the New York Stock Exchange after the apparel retailer raised its fourth-quarter and full year 2012 outlook.

Dell Inc shares added to earlier gains, up 5 percent to $12.91 after sources said talks to take the computer maker private are in an advanced stage.

Facebook declined 1 percent to $30.66 after the company unveiled a "graph search" feature that CEO Mark Zuckerberg said would help its billion-plus users sort through content within the social network and its content feeds.

(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry and Nick Zieminski)

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WORLD: Violence Against Women in India

January 14, 2013By Mac William Bishop, Channon Hodge, Pedro Rafael Rosado, Axel Gerdau and Poh Si Teng

A special report on women’s rights and sexual assault in India after the death of a young woman who was raped in Delhi by several men in a moving bus.

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Come for a Tour of China’s Unlicensed ‘World of Warcraft’ Theme Park

World of Warcraft Theme Park

Image credit Francesca Timbers

Click here to view this gallery.

[More from Mashable: 20 Tweets That Prove Skittles’ Social-Media Team Inhaled the Rainbow]

Changzhou, China is home to a bizzarre world of rides, food and fun: A World of Warcraft-style theme park that’s completely unlicensed by Blizzard, maker of the Warcraft series.

The park opened in the summer of last year. It reportedly cost $ 48 million to build and is “pretty huge,” according to Reddit user Francesca Timbers who originally posted these pictures republished here with permission.

[More from Mashable: 10 Amusing Cubicle Makeovers [VIDEOS]]

“I thought it was great,” posted Timbers. “A lot of the rides used 4-D and special effects, which I hand’t experienced much of before. There was a good roller coaster with loops, where you are lying horizontally, face forward, like you are flying. That was my favourite ride. The water log ride (‘splash of monster blood’) was pretty good too.”

Another weird tidbit: Some rides have a “happiness index,” showing, we believe, the intensity of the ride.

While most of the park is Warcraft-flavored, one section is dedicated to another Blizzard favorite: Starcraft.

For the rest of Timbers’ pictures and more details about her trip to the utterly weird theme park, visit her Reddit thread. Would you book a trip to China to get out to this theme park?

Images courtesy Francesca Timbers

This story originally published on Mashable here.

Gaming News Headlines – Yahoo! News

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Jodie Foster Calls Ailing Mom an 'Amazing Inspiration' After Emotional Globes Speech

01/14/2013 at 01:45 PM EST

Jodie Foster at a Golden Globes party

Mike Windle/Getty

Jodie Foster brought some to tears when she spoke of her ailing mother during her revealing Golden Globes speech Sunday night – and, backstage, the actress continued to praise her.

"My mom is an amazing inspiration for me," Foster told reporters in the press room after her speech, in which she opened up about her family life with her two sons and ex-partner Cydney Bernard for the first time publicly. "She picked me up from school and took me to see foreign films, sometimes two or three, and she wouldn't let me do my homework because she really wanted me to see movies. She passed that along to me, and I am grateful that she wanted me to be respected."

"That was her number one goal for me," Foster continued, "and I think that permeated my early career."

Foster explained that her own mom prepared her repeatedly for a career that would be fleeting, telling her it would be over at 18 and then again at 40 and asking her to consider life after acting. Fortunately, the work never evaporated.

"I am very surprised that I ended up doing the same job that I did from the time I was 3," she said. "I never thought that this is ... what I would do when I grew up, but I realize that I get to exercise so many other aspects creatively."

Which is why, Foster said, she isn't leaving acting any time soon ... even if some thought she was making a retirement announcement on stage at the Globes. But, she said, receiving the Cecil B. DeMille lifetime achievement award did cause her to reflect on changes in her life.

"Change is important. And, you know, hopefully I'll be doing different things than I did when I was three years old and six years old and 10 years old and 20 years old, and that your work evolves," Foster said. "My work is evolving."

Although her heartfelt speech confused some, Foster said it speaks for itself after more than four decades working in Hollywood as actor, writer and director. She called acting a film school for her career, saying it prepared her for directing and continuing her own cycle of self-expression – being true to herself and her "authenticity of emotions."

"It's a big, long career, and it's not just a career; it's friendships and relationships," she said. "This is the first lifetime achievement award I have ever gotten, and it does feel like a graduation."

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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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