July 20, 2012

AIDS specialists release 'road-map' for HIV cure

AIDS specialists release 'road-map' for HIV cure
Published July 20, 2012
Associated Press
For years it seemed hopeless. Now the hunt for a cure for AIDS is back on.
AIDSInternational AIDS specialists on Thursday released what they call a road map for research toward a cure for HIV - a strategy for global teams of scientists to explore a number of intriguing leads that just might, years from now, pan out.
"Today's the first step," said French Nobel laureate Francoise Barre-Sinoussi, co-discoverer of the HIV virus who also co-chaired development of the strategy.
"No one thinks it's going to be easy," added strategy co-chair Dr. Steven Deeks of the University of California, San Francisco. "Some don't think it's possible."

Motorola boosts Google revenue

JULY 20, 2012
Motorola boosts Google revenue
Google reported a profit of $2.79 billion for Q2, up 11 percent over last year, and ad revenues also improved by 21 percent


By Cameron Scott | IDG News Service
Google has reported a profit of $2.79 billion in the second quarter, up 11 percent over the same period of last year, in the company's first financial statement since it finalized its acquisition of Motorola Mobility in May.

Motorola brought in $1.25 billion in revenue in the quarter that ended June 30, about 10 percent of Google's total revenue. But Motorola also accounted for an operating loss of $233 million, which brought Google's total operating income down as a percent of its revenue by 6 percentage points.


Morgan Freeman donates $1 million to pro-Obama 'super PAC'

Morgan Freeman donates $1 million to pro-Obama 'super PAC'
By Matea Gold
July 19, 2012, 3:00 a.m.
Morgan FreemanLooks like Morgan Freeman has a new million-dollar baby.

The Oscar-winning actor contributed $1 million last month to Priorities USA Action, the "super PAC" backing President Obama, helping lift the group to its best fundraising month yet.


General Electric 2nd-Quarter Net Down 18% on Lower Lending Revenue

General Electric 2nd-Quarter Net Down 18% on Lower Lending Revenue
July 20, 2012
--GE says negative foreign-exchange rates crimped revenue

--Stands by forecast for double-digit full-year earnings growth

--Calls global economy volatile

(Updates throughout with additional detail and stock activity.)


By Bob Sechler

General Electric Co.'s (GE) second-quarter earnings fell 18% but edged Wall Street forecasts on an operating basis, buoyed by profit growth at its big energy infrastructure division and its GE Capital finance unit.

Overall margins at the Fairfield, Conn., conglomerate's industrial units continued to slip, however, and

Yahoo could make Marissa Mayer one of top-paid CEOs

Yahoo could make Marissa Mayer one of top-paid CEOs
The new chief executive could earn up to $129 million over five years, through salary, cash bonuses and stock awards.
By Walter Hamilton and Andrea Chang, Los Angeles Times
July 20, 2012
Marissa Mayer,Yahoo Inc.'s new chief executive, could earn up to $129 million over the next five years, making her one of the country's highest-paid CEOs.

The compensation package, which was revealed in a regulatory filing Thursday, demonstrates the lengths to which the ailing technology firm went to lure Mayer from rivalGoogle Inc.

The 37-year-old could make up to $85 million in salary, cash bonuses and stock awards over five years. She also will get $44 million in one-time grants, including a $30-million "retention" stock award and $14 million in restricted stock for forfeiting her current Google stock.

Saudi warns non-Muslims: respect Ramadan or else

Saudi warns non-Muslims: respect Ramadan or else
July 20, 2012
The Associated Press
RIYADH, Saudi Arabia — Saudi authorities are warning non-Muslim expatriates against eating, drinking or smoking in public during Ramadan, the monthlong sunrise-to-sunset fast — or face expulsion.
The Interior Ministry of the oil-rich kingdom is calling on non-Muslims to "show consideration for feelings of Muslims" and "preserve the sacred Islamic rituals."

Otherwise, a statement says, Saudi authorities will cancel violators' work contracts and expel them.

The warning came on Friday, the first day of the Ramadan observance.


China’s Hu Pledges $20 Billion in Loans to African Nations


China’s Hu Pledges $20 Billion in Loans to African Nations
By Bloomberg News on July 19, 2012
Chinese President Hu JintaoChinese President Hu Jintao pledged $20 billion in new loans to Africa for infrastructure and manufacturing, promising to expand the relationship between the continent and its largest trading partner.

China will also offer 18,000 government scholarships and send 1,500 medical staff to the continent, Hu said in a speech yesterday at the Forum on China-Africa Cooperation in Beijing. He promised China will play a “positive and constructive role in African affairs.”

Hu’s speech underscored China’s push both to tap Africa’s natural resources to fuel its economic growth and deliver its goods to African markets. The country has put itself forward as an alternative to western partners, offering trade deals and infrastructure loans without preconditions involving human rights or governance reform.


Will public shame stem Apple’s patent aggression?

Will public shame stem Apple’s patent aggression?
Chris Davies, Jul 20th 2012
You could hardly make it up: Apple, its patent arguments not only rejected by UK courts, but instructed to do some advertising on Samsung’s behalf to dismiss its rival’s “arch copyist” reputation. That’s a reputation Apple was instrumental in creating, of course, and while Samsung is throwing no small amount of money at its own defense, this latest spanking to its Cupertino rival/customer’s pride is only likely to bolster its unofficial stance that the ongoing phone and tablet war is nothing but good for brand awareness. Question is, will being forced to make a very public apology temper Apple’s appetite for litigation?
Make no mistake, this very public mea culpa marks a tipping point in how patent battles are being

U.S. clinic: Egypt ex-spy chief died of rare disease

U.S. clinic: Egypt ex-spy chief died of rare disease
Former spy chief and presidential candidate Omar Suleiman gestures as he talks during an interview with Reuters at his office in Cairo April 14, 2012. The body overseeing Egypt's presidential election disqualified 10 candidates from the race on Saturday, including Suleiman. Farouk Sultan, head of the presidential election commission, told Reuters the disqualified candidates had 48 hours to appeal against its decision. He declined to give details on the reasons for their disqualification. REUTERS/Asmaa WaguihCAIRO | Fri Jul 20, 2012
(Reuters) - Egypt's former intelligence chief Omar Suleiman died from a rare disease affecting the heart and kidneys, according to the U.S. clinic where he was undergoing medical tests at the time.
Suleiman, who died at age 76 on Thursday, was fallen Egyptian president Hosni Mubarak's last deputy and one of his most trusted advisers. He stepped briefly into the limelight when he was made vice president days before Mubarak was ousted in a popular uprising last year.

"On Thursday, July 19, General Omar Suleiman ... passed away due to complications from amyloidosis, a disease that affects multiple organs including the heart and kidneys," the Cleveland Clinic said in a statement issued on Thursday night.

14 dead, 50 wounded in shooting at Colorado theater, police chief says

14 dead, 50 wounded in shooting at Colorado theater, police chief says
By Chelsea J. Carter, CNN
updated 7:50 AM EDT, Fri July 20, 2012
(CNN) -- A heavily armed gunman killed at least 14 people and wounded 50 more during an early Friday morning screening of the new Batman movie at an Aurora, Colorado, theater, police Chief Dan Oates told reporters.
Police arrested a man believed to be the shooter in a rear parking lot of the theater, Frank Fania, a police spokesman, told CNN. The suspect was not immediately identified, though Fania said he was believed to be in his early 20s.
"He did not resist. He did not put up a fight," Fania said. Police seized a rifle and a handgun from the

July 19, 2012

Prostate cancer surgery fails to cut deaths in study

Prostate cancer surgery fails to cut deaths in study
Published July 19, 2012
Reuters640_surgery.jpg
Prostate cancer surgery didn't appear to save lives compared with observation alone in a new study that tracked men for a decade after their diagnosis.
However, nearly twice as many men who had surgery reported incontinence and impotence after two years, researchers report in the New England Journal of Medicine.
"These are very compelling data," said Dr. Durado Brooks, director of prostate and colorectal cancers at the American Cancer Society, who was not involved in the research.
Both he and study author Dr. Timothy Wilt of the University of Minnesota School of Medicine said

Knicks mum on Jeremy Lin’s departure

Knicks mum on Jeremy Lin’s departure
By Steve Popper / The Record (Hackensack N.J.)
Thursday, July 19, 2012

The Knicks remained silent Wednesday, not commenting on the decision to let Jeremy Lin go — which was just slightly quieter than they were to Lin himself.

Lin, speaking to Sports Illustrated, said he received a call at 11 p.m. from Knicks GM Glen Grunwald — a call that lasted just 30 seconds saying "We wanted to keep you, but it couldn’t work out. Tell your family I say hello, and good luck the rest of the way."
While the Knicks refused to explain the decision — just as they had yet to comment on the trade that

Authorities think Sage Stallone was dealing drugs before death: report

Authorities think Sage Stallone was dealing drugs before death: report
More than 60 prescription pill bottles were found in Sylvester Stallone’s son’s home, sources say. The bottles are said to be large enough to hold more than 30,000 pain pills
Sage Stallone during the ‘Rocky Balboa’ world premiere.
BY RHEANA MURRAY / NEW YORK DAILY NEWS
THURSDAY, JULY 19, 2012
Authorities reportedly believe Sage Moonblood Stallone was a drug dealer before he died.
Law enforcement sources told TMZ.com it’s a “likely scenario” that the eldest son of Sylvester Stallone was selling Hydrocodone, after dozens of empty prescription pill bottles were found in the

The Who hit replay on "Quadrophenia" for new tour

The Who hit replay on "Quadrophenia" for new tour
LOS ANGELES | Thu Jul 19, 2012 
Roger Daltrey (L) and Pete Townshend of British rock band 'The Who' perform during the halftime show for the NFL's Super Bowl XLIV football game between the New Orleans Saints and the Indianapolis Colts in Miami, Florida February 7, 2010. REUTERS/Jeff Haynes(Reuters) - Legendary British rockers the Who will hit the road for their first North American concert tour in four years, playing the entire rock opera "Quadrophenia" alongside other memorable hits, the band said on Wednesday.

The road trip starts in Florida on November 1, and features founding members Roger Daltrey and Pete Townshend, alongside Zak Starkey, Pino Palladino, Simon Townshend, Chris Stainton, Loren Gold and Frank Simes.

The Who are among the bands that led the British Invasion of the United States in the mid-1960s following the massive success of the Beatles. Joining Daltrey and Townshend originally were Keith Moon on drums and John Entwistle on bass, both of whom have died.


Spanish Borrowing Costs Surge, Reviving Worries About Euro Zone

Spanish Borrowing Costs Surge, Reviving Worries About Euro Zone
By STEPHEN CASTLE
Published: July 19, 2012
LONDON — The Spanish government had to pay more to sell its medium-term debt Thursday, while yields on its 10-year bonds crept above the symbolically important 7 percent threshold — a worrying development for the euro zone, which had hoped that recent accords would help put a two-year-old sovereign debt crisis behind it.
Spain’s Treasury sold 2.96 billion euros, or $3.6 billion, in bonds maturing in 2014, 2017 and 2019. The interest rate on the five-year debt rose sharply to 6.46 percent, from 5.54 percent at the last such auction on July 5. There were no comparable rates for the other maturities.

Yields on 10-year Spanish government bonds rose to 7.03 percent. Many analysts believe that such

5 Things To Know This Morning

5 Things To Know This Morning
By ABC NEWS
July 19,2012
Your look at the five biggest and most buzz-worthy stories of the morning.

1. Zimmerman Says He Wasn't Following Trayvon Martin

George Zimmerman, who is charged with second degree murder in the shooting of teen Trayvon Martin, spoke out for the first time in an exclusive interview that aired on Fox News Channel's "Hannity" on Wednesday night. Zimmerman apologized to Martin's parents and says he was not following the teen but trying to find an exact address so he could tell police where to go.

2. Hot Weather Leads to Thunderstorms

Hot and humid conditions across the northeast were broken after severe thunderstorms rolled in and

Suicide Attacker With Fake U.S. ID Blamed in Bus Bomb

Suicide Attacker With Fake U.S. ID Blamed in Bus Bomb
By NICHOLAS KULISH and MATTHEW BRUNWASSER
Published: July 19, 2012
BURGAS, Bulgaria — The attack on a tour bus carrying Israeli vacationers outside the airport here was carried out by a suicide bomber carrying fake American identification, officials said on Thursday.
There were conflicting reports on the number of dead. The Bulgarian interior minister said the toll was seven, including six Israelis. Officials in Israel said, however, that only five Israelis had been killed. The Bulgarian driver of the bus was also killed along with the bomber when the vehicle exploded in a fireball on Wednesday. Dozens more were injured in what Bulgaria, Israel and the

Shares to Open Higher on Better Earnings News

Shares to Open Higher on Better Earnings News
19 Jul 2012
By: CNBC.com and Reuters
US stock index futures pointed to a higher open on Thursday as better than expected corporate earnings in the previous session helped to boost investor confidence ahead of a big day of earnings releases.

Second quarter earnings on Thursday come from Morgan Stanley, [MS 13.99 -0.35 (-2.44%) ] Verizon [VZ 45.89 0.23 (+0.5%) ] and Dow component Travelers [TVR Unavailable () ] ahead of the open and Microsoft [MSFT 30.45 0.79 (+2.66%) ] and Google [GOOG 580.76 4.03 (+0.7%) ] after the closing bell.

Travelers earnings are expected to come in lower compared to the first quarter, with analysts telling Reuters they were looking for earnings per share of $1.35 against the previous quarter’s $2.01 per share on revenue of $5.96 billion.


Chinese Pressure Impacts ASEAN Unity on Maritime Disputes

Chinese Pressure Impacts ASEAN Unity on Maritime Disputes
William Gallo
July 19, 2012

Analysts say continued efforts to unify Southeast Asian nations on the issue of territorial disputes in the South China Sea are being complicated by Beijing's rising influence in the region.

ASEAN, a bloc of 10 Southeast Asian nations, for the first time in its 45 year history failed to produce a joint statement at a regional summit in Cambodia last week, revealing a deep rift over the issue.

The discord was widely attributed to political pressure from China, which would rather deal separately with the five nations with which it has maritime disputes, rather than confront ASEAN as

World's most wanted Nazi held at 97

World's most wanted Nazi held at 97
London, July 19, 2012
by hindustantimes.com
The world's most wanted Nazi who sent thousands of Jews to torture camps during World War II has been finally arrested in Hungary's capital Budapest about seven decades after he committed the crime. He is 97. According to The Sun, the hunt for the Nazi war criminal led police at
dawn Wednesday to the flat of Ladislaus Csizsik-Csatary, who deported 15,700 Jews to Nazi death camps. The man was quizzed before being placed under house arrest facing war crime and torture charges.
On Sunday, the daily had reported how Csatary was living alone in a flat in the Hungarian capital Budapest, among families unaware of his vile past.


July 17, 2012

Dramatic illustration of warming Greenland? Iceberg twice size of Manhattan breaks off glacier

Dramatic illustration of warming Greenland? Iceberg twice size of Manhattan breaks off glacier
By Associated Press,
7/17/2012

WASHINGTON — An iceberg twice the size of Manhattan tore off one of Greenland’s largest glaciers, illustrating another dramatic change to the warming island.

For several years, scientists had been watching a long crack near the tip of the northerly Petermann Glacier. On Monday, NASA satellites showed it had broken completely, freeing an iceberg measuring

Inactivity 'killing as many as smoking'

17 July 2012
Inactivity 'killing as many as smoking'
By Nick Triggle
Man watching TVHealth correspondent, BBC News
A lack of exercise is now causing as many deaths as smoking across the world, a study suggests.

The report, published in the Lancet to coincide with the build-up to the Olympics, estimates that about a third of adults are not doing enough physical activity, causing 5.3m deaths a year.

That equates to about one in 10 deaths from diseases such as heart disease, diabetes and breast and colon cancer.

Researchers said the problem was now so bad it should be treated as a pandemic.

And they said tackling it required a new way of thinking, suggesting the public needed to be warned

FDA approves Vivus’ anti-obesity pill associated with significant weight loss in patients

FDA approves Vivus’ anti-obesity pill associated with significant weight loss in patients
By Associated Press, Updated: Tuesday, July 17

WASHINGTON — The Food and Drug Administration on Tuesday approved a new weight loss drug from Vivus Inc. that many doctors consider the most effective therapy in a new generation of anti-obesity pills designed to help patients safely shed pounds.

The agency cleared the pill Qsymia for adults who are obese or overweight and have at least one weight-related condition such as high blood pressure, diabetes or high cholesterol.
Patients taking Qsymia for a year lost 6.7 percent of their body weight in one study and 8.9 percent in another study, the FDA said. That was more than two other weight loss pill recently reviewed by the FDA.


Tom Cruise visits daughter after Holmes split

Tom Cruise visits daughter after Holmes split
NEW YORK | Wed Jul 18, 2012
Actor Tom Cruise carries his daughter Suri into the Chelsea Piers sports facility in New York, July 17, 2012. REUTERS/Andrew Burton(Reuters) - Tom Cruise visited his daughter Suri in New York City on Tuesday for the first time since his high-profile divorce from her mother, actress Katie Holmes, People magazine reported.

The 50-year-old Hollywood star was photographed holding his 6-year-old daughter on a New York street as she wraps one arm around the "Mission: Impossible" star's neck and in the other, clutches a stuffed animal toy. The picture was posted on People's website.

Cruise was filming his latest movie in Iceland back in June when Holmes, 33, filed for a divorce, surprising the Hollywood superstar. Since then, he has returned to the United States and the pair have

At 11th Hour, Lin Heads Toward Exit

At 11th Hour, Lin Heads Toward Exit
By HOWARD BECK
Published: July 17, 2012
Linsanity is just about over in New York.
The Knicks plan to cut ties with Jeremy Lin on Tuesday night, according to a person briefed on the decision, ending a brief, spectacular and now bittersweet love affair between Lin, a 23-year-old point guard, and his adoring fan base. Lin will play next season for the Houston Rockets, who signed him to a three-year, $25.1 million offer sheet that the Knicks have elected not to match.

The Knicks were not expected to announce their decision until later Tuesday. By rule, they had until 11:59 p.m. Eastern time to match the offer.


Google: Your Nexus 7 will ship this week or next

Google: Your Nexus 7 will ship this week or next
Summary: Lots of people are anxiously waiting word on when their shiny new Nexus 7 tablet will be shipping, while others are already receiving theirs. This is the official word from Google as of today.
Google Nexus 7 tabletBy James Kendrick for Mobile News | July 18, 2012
I can't remember being as anxious to receive a new gadget as I am to get my Nexus 7 tablet. Word has started hitting the social networks that some are receiving their Nexus 7 already, while others are hearing nothing.

I just received this welcome news from Google about my shipment:

Hello,

We wanted to send you an update on your Nexus 7 pre-order. We’ve had incredible demand for the new tablet and are shipping them as quickly as possible. If you placed your order by July 11, it will ship this week and we’ve upgraded to overnight shipping so it arrives sooner. Orders placed after July

Intel forecast portends weak PC sales

Intel forecast portends weak PC sales
By Noel Randewich
SAN FRANCISCO | Tue Jul 17, 2012
An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. REUTERS/Nir Elias(Reuters) - Top chipmaker Intel Corp (INTC.O) reduced its growth forecast, reinforcing fears that a wavering global economy and a lack of consumer interest are dampening personal computer sales.

Shaky economies in Europe and the United States and a growing consumer preference for Apple Inc's (AAPL.O) iPad tablets have been taking a toll on the PC industry.

The world's leading chipmaker on Tuesday cut its 2012 revenue growth forecast to between 3 and 5 percent, down from a prior forecast of "high single-digit growth." That put Intel's outlook in line with many investors' recently reduced expectations and helped cushion a sell-off of its stock.

"As macro events have transpired in the second quarter, people looked at the original high single-digit guidance as being stretched," said Craig Ellis, an analyst at Caris & Company. "The Street would

UN schedules Wednesday vote on new Syria resolution, Russia and West at odds over sanctions

UN schedules Wednesday vote on new Syria resolution, Russia and West at odds over sanctions
By Associated Press, Updated: Tuesday, July 17

UNITED NATIONS — Russia remained at loggerheads with the U.S. and its European allies ahead of a scheduled vote Wednesday afternoon on a new Syria resolution and there appeared to be little hope that the U.N.’s most powerful body would unite behind a plan to end the 17-month civil war in the Mideastern country.

The key stumbling block is the Western demand for a resolution threatening non-military sanctions and tied to Chapter 7 of the United Nations Charter, which could eventually allow the use of force to end the conflict in Syria.
Russia is adamantly opposed to any mention of sanctions or Chapter 7. After Security Council consultations late Tuesday on a revised draft resolution pushed by Moscow, Russia’s deputy U.N. ambassador Alexander Pankin said these remain “red lines.”

Russia has said it will veto any Chapter 7 resolution, but council diplomats said there is still a possibility of last-minute negotiations.

There has been a lot of diplomatic scrambling to try to get council unity, which would send a much stronger signal to Syria. International envoy Kofi Annan has been in Russia for two days of high-level meetings, including talks with President Vladimir Putin on Tuesday.

Annan told reporters in Moscow that he and Putin focused on “what measures need to be taken to end the violence and the killing and how we move on to the political transition,” and he urged the council to try to find language “that will pull everybody together for us to move forward on this critical issue.”

The mandate of the 300-strong U.N. observer force in Syria expires on Friday and the Security Council must decide by then whether to extend it.

The U.S. and its European allies contend that the unarmed observers were authorized for 90 days to monitor a cease-fire and implementation of Annan’s six-point peace plan — and with violence dramatically escalating they insist that there must be consequences for non-compliance.

The Western draft would impose non-military sanctions against Assad’s regime if it fails to withdraw troops and heavy weapons from populated areas within 10 days — a key plank of the Annan plan.

“We’re very open to the Russians and other partners on the Security Council engaging with us on the text which we have proposed,” Britain’s deputy ambassador Philip Parham said after Tuesday’s closed meeting.

Russia’s Foreign Minister Sergey Lavrov said Tuesday after the Putin-Annan meeting that Moscow is ready to seek consensus in the Security Council, but gave no indication how it would resolve a disagreement over the Western draft.

“I don’t see a reason that we couldn’t agree in the Security Council. We are prepared for that,” Lavrov said according to the Interfax news agency.

Moscow’s proposed resolution calls for the “immediate implementation” of Annan’s plan and guidelines for a political transition approved at a meeting in Geneva last month but makes no mention of sanctions.

There were no comments from Putin after the meeting, but at its opening he promised Russia would do all it could to support Annan’s effort.
Russia and China incurred international criticism by twice vetoing U.N. resolutions to increase pressure on Assad.

Although Western nations appear to have little appetite for force, Russia fears a repeat of the NATO campaign in Libya and adamantly opposes any prospect of international intervention in the 16-month-old conflict.
British Foreign Secretary William Hague insisted during a trip to Jordan on Tuesday that a Chapter 7 resolution is required to implement Annan’s peace plan, calling the process the “best hope” for ending the civil war in Syria and urging Russia and China to get on board.

Meanwhile, U.N. Secretary-General Ban Ki-moon arrived in Beijing and was scheduled to meeting Wednesday with Chinese President Hu Jintao.

Ban called for rapid, unified action by the Security Council.

A commentary that ran Tuesday in the official People’s Daily newspaper strongly opposed using force against Syria — a sign that China may again block the Western-backed resolution. It said “a political solution is the only way out of the Syrian problem.”

Hague cautioned that the situation in Syria “is so grave and unpredictable that I don’t think any option should be ruled out for the future.”

In New York, Syria’s main opposition group urged Russia to support the Western resolution, saying it was the last chance “to breathe life” into Annan’s peace plan.

Bassma Kodmani, a Syrian National Council spokeswoman, told reporters that if the Security Council fails to act, Syria’s opposition will consider other options — which she did not disclose — to protect the Syrian people. “These are under consideration at the moment with friends of Syria” in the region and internationally, she said.

Kodmani noted that the Syrian people have been calling for a no-fly zone, safe zones for delivering humanitarian aid and the arming of the Free Syrian Army.

She said she told Russia’s U.N. Ambassador Vitaly Churkin at a meeting earlier Tuesday that a Russian veto of a resolution threatening sanctions would be a “blank check to continue the violence.”


Romney's Ticket Talk Is Heating Up

Romney's Ticket Talk Is Heating Up
July 17, 2012
By COLLEEN MCCAIN NELSON And SARA MURRAY

In the time before his party's national convention late next month, Mitt Romney still has one surefire way to draw the spotlight to his campaign: When he names a running mate, the choice will dominate the political conversation.

But both the person he selects and the timing of the announcement come with trade-offs that the Romney camp must weigh.


Oil up on Bernanke leaving stimulus door open

Oil up on Bernanke leaving stimulus door open
Jul 18, 2012
* Bernanke offers few clues on likelihood of QE3

* China seen boosting crude imports from Iran-report

* U.S. crude stocks drop, distillates up-API

* Coming up: EIA oil data 10:30 a.m. EDT Wednesday (Recasts, adds API data in paragraphs 16-21)

By Robert Gibbons

NEW YORK, July 17 (Reuters) - Oil prices rose a fifth straight session on Tuesday, after U.S. Federal Reserve Chairman Ben Bernanke left the door open for more monetary stimulus but gave no signal on whether the Fed was closer to such a move.

July 16, 2012

Ripp-Off Rodents Are Key in Life Cycle of Tropical Trees

Ripp-Off Rodents Are Key in Life Cycle of Tropical Trees
DAILY DISRUPTION JULY 16, 2012Ripp-Off Rodents Are Key in Life Cycle of Tropical Trees
There’s no honor among thieves when it comes to rodent robbers—which turns out to be a good thing for tropical trees that depend on animals to spread their seeds.

Results of a yearlong study in Panama, published online in Proceedings of the National Academy of Sciences the week of July 16, suggest that thieving rodents helped the black palm tree survive by taking over the seed-spreading role of the mighty mastodon and other extinct elephant-like creatures that are thought to have eaten these large seeds.


Study: YouTube source for news, disaster footage

Study: YouTube source for news, disaster footage
NEW YORK, July 16, 2012While citizen journalism accounts for a large slice of viewership on YouTube, its users are also eager distributors of professional news video.
A new study has found that YouTube is emerging as a major platform for news, one to which viewers increasingly turn for eyewitness videos in times of major events and natural disasters.

The Pew Research Center’s Project for Excellence in Journalism on Monday released its examination of 15 months of the most popular news videos on the Google-owned site. It found that while viewership for TV news still easily outpaces those consuming news on YouTube, the video-sharing site is a growing digital environment where professional journalism mingles with citizen content.

“There’s a new form of video journalism on this platform,” said Amy Mitchell, deputy director of the

Halo 4 gets a $399 Xbox 360 bundle

Halo 4 gets a $399 Xbox 360 bundle
Are you obsessed with Halo? Zoom in on this upcoming official Halo 4-themed Xbox 360 bundle.
by Christopher MacManus July 16, 2012
Attention, Marines! Over the weekend at Comic-Con in San Diego, Halo 4 developer 343 Industries and Microsoft unveiled a $399 Xbox 360 console bundle featuring some fancy aesthetics and accessories.
Due on November 6, the custom-designed 320GB Halo 4 Xbox 360 features futuristic white and blue

Wall Street falls, bond yields near record lows

Wall Street falls, bond yields near record lows
By Chikako Mogi
TOKYO | Mon Jul 16, 2012 
Traders work on the floor of the New York Stock Exchange, July 2, 2012. REUTERS-Brendan McDermid(Reuters) - Asian shares paused on Tuesday as investors awaited Federal Reserve Chairman Ben Bernanke's view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was nearly flat, after managing small gains the day before, while Japan's Nikkei stock average .N225 opened up 0.2 percent after a public holiday on Monday.

Bernanke, set to appear at the semi-annual congressional testimony on Tuesday and Wednesday, is expected to reiterate the bank's stance that it will take further action only if economic conditions worsen.


DARPA drops the bass to extinguish fire

DARPA drops the bass to extinguish fire
The Defense Advanced Research Projects Agency has created a bass cannon that can put out fires with sound.
by Christopher MacManus July 16, 2012
Citing a lack of innovation in fire-extinguishing methods over the last 50 years, the Defense Advanced Research Projects Agency (DARPA) last week revealed an ear-buzzing new method for putting out fires: blast it with fine-tuned frequencies.
Officially referred to as "acoustic suppression of flame," this simple yet potentially revolutionary method simply relies on two speakers playing a specific low frequency toward the fire.
The resulting acoustics increase air velocity, making it easier to alter the origin of the fire's

Fed Shifts Focus To Jobs As Unemployment Stalls Above 8%

Fed Shifts Focus To Jobs As Unemployment Stalls Above 8%
By Caroline Salas Gage - Jul 16, 2012

Ben Bernanke FOMC
Joblessness is the blemish on Ben S. Bernanke’s report card.
Since the recession ended in June 2009, the Federal Reserve chairman has achieved inflation near his target of 2 percent, bolstered capital across the banking system and helped underpin confidence in the U.S. economy that’s contributed to record-low borrowing costs for the nation. Meanwhile, the unemployment rate has stalled above 8 percent for 41 consecutive months.
The failure to bring joblessness closer to Fed officials’ longer-run goal of 5.2 percent to 6 percent has prompted Bernanke and his lieutenants to emphasize the need for economic growth over price stability, said John Silvia, chief economist at Wells Fargo Securities LLC. Bernanke added to his record monetary stimulus last month and said more action will be needed without “sustained improvement” in the jobs outlook.

Race for space: SpaceX prepping private manned space capsule

Race for space: SpaceX prepping private manned space capsule
Published July 16, 2012
Space.com
The crewed version of SpaceX's Dragon space capsule has passed a key design review, moving one step closer to carrying astronauts into orbit, NASA officials announced Thursday, July 12.
In the review, which was conducted June 14 at SpaceX headquarters in Hawthorne, Calif., company officials gave NASA details about every phase of a potential crewed Dragon mission to the International Space Station.
SpaceX outlined how it plans to modify its launch pads to support such a mission, and it discussed the Dragon capsule's docking capabilities, living arrangements, weight and power requirements and potential ground landing sites and techniques, NASA officials said. The Dragon capsule is designed to

Study: More TV Linked to Larger Waists, Weaker Legs for Kids

Study: More TV Linked to Larger Waists, Weaker Legs for Kids
By CARRIE GANN (@carrie_gann) , ABC News Medical Unit
July 16, 2012PHOTO: How much TV kids watch linked to key aspects of physical health, a new study finds.
The more television a child watches, even in the first years of life, the more likely he or she is to be thicker around the middle and less muscularly fit, according to a new study.

Previous studies have linked lots of television with childhood obesity and other child health detriments, but this study's authors say their report is the first to relate how time in front of the boob tube affects a specific measure of physical fitness, their explosive leg strength, an important asset for sports like soccer, basketball and football.

Caroline Fitzpatrick, the study's lead author, said the measure isn't just important for children who want to be athletes.


Comic-Con wraps after 4 days of pop-art indulgence

Comic-Con wraps after 4 days of pop-art indulgence

By SANDY COHEN AP Entertainment Writer
Updated: 07/16/2012

SAN DIEGO—This year's 43rd annual Comic-Con festival may be over but die-hard fans of the pop-culture celebration already have their minds on next year's show.
"There's no more pre-registration," lamented Chris Herrera, 26, of Los Angeles, who was attending his sixth consecutive Comic-Con. "Now you have to register online, and that website always crashes."
Fans used to be able to register onsite for the following year's convention, but organizers eliminated that option this year for the 2013 convention, set for July 18-21.
The event has become so popular that organizers have capped attendance at around 130,000 and implemented the digital-registration system to reduce long lines onsite (there are enough of those

Microsoft expected to announced new version of Office

Microsoft expected to announced new version of Office
Published July 16, 2012God of Windows: Steve Ballmer
Microsoft has publicly dismissed Web-based Google Apps as a competitor to its Office software suite. But, behind the scenes, Microsoft is stepping up its efforts to halt Google's encroachment on its business-software turf.
In recent months, Microsoft has cut prices, boosted commissions to resellers and changed how it pitches Office 365, a Web-based version of products including Microsoft Word, Outlook email and

Retail Purchases In U.S. Unexpectedly Decrease 0.5%

Retail Purchases In U.S. Unexpectedly Decrease 0.5%
By Alex Kowalski - Jul 16, 2012
Retail sales in the U.S. unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of the economy.
The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed today in Washington. The decline was worse than the most-pessimistic forecast in a Bloomberg News survey in which the median projection called for a 0.2 percent rise. Purchases last fell for three or more months in July through December 2008.
A weakening job market is sapping households of the confidence and income gains needed to boost expenditures, which account for about 70 percent of the economy. Without gains in spending at retailers such as Target Corp. and Macy’s Inc. (M), the expansion will have a difficult time gaining momentum.

10 Things to Know for Monday

10 Things to Know for Monday
By Associated Press, Updated: Monday, July 16

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today (all times EDT):

1. WHY REPEALING HEALTH CARE LAW WON’T BE EASY
If Romney wins the White House and his GOP allies retake the Senate, he could shred most of Obama’s health care law without having to overpower a Democratic filibuster. But it won’t be easy and it won’t be quick.

2. ECONOMISTS LAY OUT GLOOMY FORECAST

Sales and profit gains of early 2012 are disappearing and financial pros say Europe’s crisis, the

Russia accuses West of blackmail on Syria plans

Russia accuses West of blackmail on Syria plans
By JIM HEINTZ, Associated Press
7/16/2012
MOSCOW (AP) — Russia on Monday accused the West of effectively trying to use blackmail to secure a new U.N. Security Council resolution that could allow for the use of force in Syria.
The Security Council is debating a new resolution on Syria as international envoy Kofi Annan's plan for halting the fighting appears dead and the violence in Syria escalates. Russian Foreign Minister Sergey Lavrov was meeting Annan later Monday, with his country facing intense criticism that it is standing in the way of an end to the conflict.
Russia has adamantly opposed international military intervention in Syria. Such a step has been all but ruled out publicly by Western nations, but the text for a Western-backed resolution circulated by

Heathrow handles record numbers for Olympics

Heathrow handles record numbers for Olympics
By DANICA KIRKA, Associated Press
7/16/2012
LONDON (AP) — Athletes, officials and media from all over the world poured into Heathrow Airport on Monday for the London Olympics, the first wave of a record number of passengers expected to pass through Europe's largest airport for the games that begin July 27.
Heathrow says athletes from 50 nations will touch down in what is being described as Britain's biggest peacetime transport challenge. In all, the airport will handle some 236,955 passengers, breaking the previous daily record of 233,562 set in July 2011.
To cope with the deluge, Heathrow has enlisted some 1,000 volunteers to greet arrivals and created special teams to deal with oversize items like Olympic javelins, bikes and other sports equipment. Hundreds of immigration agents were on the job to ease the long lines that have plagued the airport.

Microsoft pulls out of MSNBC.com, sells stake to NBC

Microsoft pulls out of MSNBC.com, sells stake to NBC
By Michael Liedtke, Associated Press
7/16/2012
SAN FRANCISCO – Microsoft is pulling out of the joint venture that owned MSNBC.com, freeing the world's largest software maker to build its own online news service.
The breakup announced late Sunday dissolves the final shreds of a 16-year marriage between Microsoft and NBC News, which is now owned by Comcast. The relationship began to unwind in 2005 when Microsoft sold its stake in MSNBC's cable TV channel to NBC.
NBC is buying Microsoft's 50% interest in the MSNBC website for an undisclosed amount. MSNBC.com will be rebranded as NBCNews.com, and readers who logged into MSNBC.com late Sunday were automatically redirected to NBCNews.com.
The website will move its headquarters from Microsoft's corporate campus in Redmond, Wash., to NBC News' home in New York.

July 15, 2012

Symantec antivirus software update crashes some PCs

Symantec antivirus software update crashes some PCs
Bug in software used by businesses caused some Windows XP-based machines to crash repeatedly with a "blue screen of death."
by Steven Musil July 15, 2012
A recent update to Symantec's antivirus software rendered some Windows-based PCs inoperable, the security software maker disclosed Friday.
An update earlier this week to Symantec Endpoint Protection 12.1 antivirus software for businesses caused some Windows XP-based computers to crash repeatedly with a "blue screen of death," the company revealed on its Web site.
"On July 11th, 2012 Symantec Security Response started receiving reports of customers experiencing blue screens after applying the July 11th revision 18 definitions," Orla Cox, of Symantec Security Response, wrote in the post. "Machines may continue to blue screen

Oscar-winning actress Celeste Holm dies at 95

Oscar-winning actress Celeste Holm dies at 95
By MARK KENNEDY
AP Drama Writer / July 15, 2012
                     
              FILE- In this March 12, 1997, file photo, actress Celeste Holm poses at a friends' home in Santa Monica, Calif. Celeste Holm, a versatile, bright-eyed blonde who soared to Broadway fame in "Oklahoma!" and won an Oscar in "Gentlemen's Agreement" but whose last years were filled with financial difficulty and estrangement from her sons, died Sunday, July 15, 2012,  a relative said. She was 95.(AP Photo/Kevork Djansezian, File)
NEW YORK (AP) — Celeste Holm, a versatile, bright-eyed blonde who soared to Broadway fame in ‘‘Oklahoma!’’ and won an Oscar in ‘‘Gentleman’s Agreement’’ but whose last years were filled with financial difficulty and estrangement from her sons, died Sunday, a relative said. She was 95.

Holm had been hospitalized about two weeks ago with dehydration. She asked her husband on Friday to bring her home and spent her final days with her husband, Frank Basile, and other relatives and close friends by her side, said Amy Phillips, a great-niece of Holm's.


Ice Age 4 Wins a Chilly Weekend Before The Dark Knight Rises

Ice Age 4 Wins a Chilly Weekend Before The Dark Knight Rises
The prehistoric-critters toon opened so-so at home, but did thaw-some business abroad, as the shadow of Batman looms over the summer movie landscape
By RICHARD CORLISS | July 15, 2012
Ice Age 4: Continental DriftScrat and his prehistoric pals scampered into North American theaters; families followed in modest numbers. Ice Age: Continental Drift, fourth in the series of Blue Sky Studios animated features, earned $46 million, according to preliminary estimates by its distributor, 20th Century Fox, to win a sluggish box-office weekend. The total take was down nearly 40% from the same frame last year, when the Harry Potter finale opened to $169.2 million — the best first three days ever, until The Avengers seized that crown this May with $207.4 million.

Like kids who wait breathlessly for Christmas and can’t get excited when told that Dec. 21 is the

A-Rod pops out with bases loaded in 9th, Yankees rally falls short in 10-8 loss to Angels

A-Rod pops out with bases loaded in 9th, Yankees rally falls short in 10-8 loss to Angels
By Associated Press, Updated: Sunday, July 15 2012

NEW YORK — Alex Rodriguez gave the bat a twirl a couple of times and strutted to home plate with Yankees fans in a frenzy.

He certainly was relishing the moment — after all, A-Rod is tied with Lou Gehrig for most grand slams in major league history.
Instead, the outcome was more in line with his performance with the bases loaded this season.

Rodriguez popped out to cut short the Yankees’ ninth-inning rally, and New York lost to the Los Angeles Angels 10-8 on Sunday thanks in part to several baserunning blunders.

“What an awesome situation,” Rodriguez said. “We just came up short.”

Rodriguez’s shallow fly off Kevin Jepsen dropped him to 2 for 12 this year with the bases loaded. One of those hits was his 23rd grand slam, trying Gehrig for the lead.

Study: Some Personal Care Products May Increase Diabetes Risk in Women

Study: Some Personal Care Products May Increase Diabetes Risk in Women
JULY 15, 2012
DAILY DISRUPTION
A study led by researchers from Brigham and Women’s Hospital (BWH) shows an association between increased concentrations of phthalates in the body and an increased risk of diabetes in women. Phthalates are endocrine disrupting chemicals that are commonly found in personal care products such as moisturizers, nail polishes, soaps, hair sprays and perfumes. They are also used in adhesives, electronics, toys and a variety of other products. This finding is published in the July 13, 2012 online edition of Environmental Health Perspectives.