Wall Street edges lower on earnings, China data


NEW YORK (Reuters) - Stocks fell modestly 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 .


The Dow Jones industrial average <.dji> was down 6.68 points, or 0.05 percent, at 13,589.34. The Standard & Poor's 500 Index <.spx> was down 2.60 points, or 0.18 percent, at 1,478.34. The Nasdaq Composite Index <.ixic> was down 10.63 points, or 0.34 percent, at 3,125.37.


(Reporting by Angela Moon; Editing by Bernadette Baum)



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Four foreign hostages freed by Algerian army: APS


ALGIERS (Reuters) - Four foreign hostages were freed on Thursday by Algeria's armed forces, the official APS news agency said, giving no further details.


A local source has told Reuters six hostages were killed when a vehicle was fired upon by the military. A separate source, in the security services, said earlier that 25 foreigners had escaped. Gunmen said they were initially holding 41 foreign hostages after they stormed a gas plant in the remote Algerian desert on Wednesday morning. (Reporting by Lamine Chikhi; editing by Philippa Fletcher)



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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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SAG Awards Flashback: Javier Bardem 2008

Javier Bardem made an immediate impact on the film world when he began undertaking roles in wide-release American films; however, he didn't experience the reward of his American film success until undertaking ruthless hit-man "Anton Chigurh" in No Country for Old Men.

The Spanish actor had received plenty of accolades in his native country but had yet to receive any tangible reward for his American films until 2008. He had been nominated for an Oscar and a Golden Globe for his first American film, Before Night Falls, but still had nothing to solidify his touted performances.


VIDEO: Javier Bardem is an 'Uncomfortable' Bond Villain

"It's a great honor of course, and I guess what I did is to take it and say, 'O.K., thank you for that; it's a great honor," he says to ET's former co-host Mary Hart at the 2008 SAG Awards of his many nominations for No Country. "There's not much you can do other than really thank the people that thought that you could be included in [the nominees category]."

Bardem would have plenty more thanking to do that night, as he won not only the Best Supporting Actor Award but also received the Best Cast Award for No Country. A few weeks later, he completed his sweep of the awards circuit with an Oscar for the role.


RELATED: Javier Bardem: I Don't Watch My Performances

"I'm so happy!" Bardem offers in Spanish when prompted by Mrs. Hart to celebrate as he would in his native tongue.

While Bardem won't have the opportunity to make an awards sweep as he did in 2008, the 43-year-old actor has been given another SAG nomination to be thankful this year, this time for his supporting role in Skyfall.

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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.


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Online:


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


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Wall Street hits five-year high at open on data, eBay


NEW YORK (Reuters) - Stocks hit a five-year high at the open on Thursday after better-than-expected results from online marketplace eBay and as data showed first-time claims for unemployment benefits dropped to a five-year low.


The Dow Jones industrial average <.dji> gained 31.80 points, or 0.24 percent, to 13,543.03. The Standard & Poor's 500 Index <.spx> gained 3.67 points, or 0.25 percent, to 1,476.30. The Nasdaq Composite Index <.ixic> gained 12.66 points, or 0.41 percent, to 3,130.20.


(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)



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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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LeAnn Rimes Talks Affair with Eddie Cibrian Rehab and Ex Dean Sheremet

No topic was off limits when LeAnn Rimes sat down exclusively with ET's Nancy O'Dell.

The country superstar, whose controversial relationship with husband Eddie Cibrian has become both a blessing and a curse, tells Nancy her upcoming album Spitfire was born unexpectedly during her extra-marital affair with Eddie. In fact, a handful of infidelity themed tracks included in the album were initially written about a friend of hers while LeAnn was married to her ex, Dean Sheremet.

"What Have I Done is one of the first songs that I wrote for the record, before anything was actually starting to happen," said LeAnn. "It was written about a friend of mine, but I didn't realize I was writing it for myself at the time... It was my subconscious talking and I didn't know yet."

Video: LeAnn Gets a Tattoo of Her Wedding Vows

Speaking on the feelings that sparked her and Eddie's infamous affair, LeAnn acknowledged that her then husband had heard the troubling track and perhaps knew she would soon be led astray.

"He actually heard the song when I wrote it and, actually, he knew what it was about before I did," she reveals. "He knew I was feeling feelings. I'm not sure what those were that he knew."

Sighed LeAnn, "It's a very complicated situation."

Pics: Celebrity Affairs to Remember

When asked if she ever worries whether her husband Eddie would ever cheat on her, LeAnn admits that she does.

"I would be ignorant to say, and everyone else would think I am a liar if I didn't say yes, and I have at times," said LeAnn, going on to reveal that Eddie has had the same concerns about her.

"Speaking for him, I would actually say that's creeped into his [mind]…I think we've been very honest and open with that to each other and our conversations about it have only made me understand how much he actually cares, as much as I do, about being faithful to each other."

Related: LeAnn Sues Alleged Phone Tappers

Although the Grammy-winner is proud of how far she's come emotionally through the past few years, LeAnn took a bold move recently when she made it known publicly that she had checked into a rehab facility for anxiety and stress-related disorders.

"I feel like there's only about a handful of people that could understand where I've been through as a childhood star and now actually having a career after that," explained LeAnn of her rocky emotional state before treatment. "It's hard to explain and I'm not asking for anyone's sympathy. I think when you see all these things written about you and what people are speculating you want to go, 'This is why' and it's just as simple and as complicated as I need to go learn how deal with myself and with the world because everyone is always looking in and I needed to figure out how to deal with it."

Watch the video for more of LeAnn's revealing interview. Spitfire hits shelves in Spring 2013.

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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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