Wall Street falls, pressured by Wells Fargo, banks

NEW YORK (Reuters) - Stocks edged lower on Friday after Wells Fargo & Co , the first major bank to kick off fourth-quarter earnings season for the financial sector, reported a decline in net interest margin despite a record profit in the latest quarter.


Wells Fargo, the fourth-biggest U.S. bank and the nation's largest home lender, said its fourth-quarter net interest margin - a key measure of how much money banks make from loans - fell, even as profit jumped 24 percent. The bank also made fewer mortgage loans than in the third quarter.


"It (Wells Fargo results) is weighing on the sector. We are keeping our fingers crossed that this won't be a sector thing and more confined to Wells Fargo, but it's definitely playing a factor today," said Larry Peruzzi, senior equity trader at Cabrera Capital Markets LLC in Boston.


The bank's shares fell 1.4 percent to $34.92. The S&P 500 financial sector index <.gspf> fell 0.6 percent and the KBW Banks index <.bkx> fell 1 percent. Bank of America Corp , JPMorgan Chase & Co and Citigroup Inc are due to report results next week.


Overall earnings were expected to grow by 1.9 percent in this earnings season, according to Thomson Reuters data.


The Dow Jones industrial average <.dji> was up 6.12 points, or 0.05 percent, at 13,477.34. The Standard & Poor's 500 Index <.spx> was down 2.37 points, or 0.16 percent, at 1,469.75. The Nasdaq Composite Index <.ixic> was down 2.19 points, or 0.07 percent, at 3,119.56.


Also keenly watched Friday were shares of Dow component Boeing , which fell 2.6 percent to $75.11 after a cracked cockpit window and an oil leak on separate flights in Japan compounded safety concerns about its new 787 Dreamliner. The U.S. Department of Transportation said the jet would be subject to a review of its critical systems by regulators.


Best Buy shares rallied after its results showed a bit of a turnaround in its U.S. stores, though same-store sales were flat during the key holiday season. Shares jumped 12 percent to $13.69.


Basic materials shares were pressured after China's annual consumer inflation rate picked up to a seven-month high, narrowing the scope for the central bank to boost the economy by easing monetary policy. The S&P basic materials sector <.gspm> fell 0.6 percent.


Dendreon Corp shares jumped 14.7 percent to $5.85 after Sanford C. Bernstein upgraded the drugmaker's stock to "outperform" from "market-perform" and said it could be one of the best performers in 2013.


(Editing by Bernadette Baum, Nick Zieminski)



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France launches air strike in Mali


PARIS/BAMAKO (Reuters) - The French air force carried out an air strike in Mali on Friday in support of government forces trying to push back Islamist rebels, French Foreign Minister Laurent Fabius said.


The raid came as France launched a military intervention in the west African state to help the government resist a push south by rebel forces.


Western powers fear the alliance of al Qaeda-linked militants that seized the northern two-thirds of Mali in April will seek to use the vast desert zone as a launchpad for international attacks.


"French forces brought their support this afternoon to Malian army units to fight against terrorist elements," French President Francois Hollande told reporters. "This operation will last as long as is necessary."


Hollande said United Nations Security Council resolutions meant France was acting in accordance with international laws.


Earlier, Hollande had made it clear that France would intervene to stop any further drive southward by Islamist rebels as Malian soldiers launched a counter-offensive to wrest back a town captured by militants this week.


Mali's government appealed for urgent military aid from France on Thursday after Islamist fighters encroached further south, seizing the town of Konna in the center of the country. The rebel advance caused panic among residents in the nearby towns of Mopti and Sevare, home to a military base and airport.


"We are faced with blatant aggression that is threatening Mali's very existence. France cannot accept this," Hollande said in a New Year speech to diplomats and journalists. "We will be ready to stop the terrorists' offensive if it continues."


The U.N. Security Council in December authorized the deployment of an African-led force supported by European states.


"The French believe that France, and Europe, face a real security threat from what is happening in the Sahel," said Jakkie Cilliers, executive director of the Institute for Security Studies in South Africa.


More than two decades worth of peaceful elections had earned the Mali a reputation as a bulwark of democracy in a part of Africa better known for turmoil - an image that unraveled in a matter of weeks after a coup last March that paved the way for the Islamist rebellion.


Mali is Africa's third largest gold producer and a major cotton grower, and home to the fabled northern desert city of Timbuktu - an ancient trading hub and UNESCO World Heritage site that hosted annual music festivals before the rebellion.


REINFORCEMENTS ARRIVE


Residents had seen Western soldiers arriving late on Thursday at an airport at Sevare, 60 km (40 miles) south of Konna.


Sevare residents also reported the arrival of military helicopters and army reinforcements, which took part in the counter-attack to retake Konna overnight on Thursday in a bid to roll back the militant's southward drive.


"Helicopters have bombarded rebel positions. The operation will continue," a senior military source in Bamako said.


A source at Sevare airport also said around a dozen war planes had arrived on Friday. A spokesman for the Nigerian air force said planes had been deployed to Mali for a reconnaissance mission, not for combat.


A spokesman one of the main groups in the Islamist rebel alliance said they remained in control of Konna.


Asked whether the rebels intended to press ahead to capture Sevare and Mopti, the Ansar Dine spokesman, Sanda Ould Boumama, said: "We will make that clear in the coming days." He said any intervention by France would be evidence of an anti-Islam bias.


The French foreign ministry stepped up its security alert on Mali and parts of neighboring Mauritania and Niger on Friday, extending its red alert - the highest level - to include Bamako. France has 8 nationals in Islamist hands in the Sahara after a string of kidnappings.


"Due to the serious deterioration in the security situation in Mali, the threat of attack or abduction is growing," the ministry said in its travel alert. "It is strongly recommended that people avoid unnecessarily exposing themselves to risks."


(Additional reporting by Richard Valdmanis in Dakar, Pascal Fletcher in Johannesburg, Alexandria Sage, John Irish and Elizabeth Pineau in Paris; writing by Daniel Flynn; editing by Philippa Fletcher and Giles Elgood)



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Sprint confirms it will launch BlackBerry 10 later this year









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Dennis Tyler Finds Homes for More Than 7,000 Retired Greyhounds






Heroes Among Us










01/10/2013 at 02:05 PM EST







Dennis Tyler and his greyhounds


Jeffery Salter


Dennis Tyler never expected to fall in love.

But after he took in a former racing greyhound named Clara Voyant in 1991, Tyler soon discovered that he'd found a constant companion in the affectionate light-brown dog, who strode beside him on daily walks and nestled against him while watching TV.

"She was a very special dog," recalls the Melbourne, Fla.-based father of two grown children. "She blended right into the family."

So when Tyler, 66, learned that many greyhounds, some injured while racing, faced the risk of being euthanized, he couldn't look the other way.

"These dogs can be the most wonderful pets," he says. "I needed to do something."

Since then the retired mechanic and his wife, Claire, 66, have found homes for more than 7,400 greyhounds through his nonprofit, Florida Greyhounds. Using donations, Tyler provides medical care for the dogs, personally matches them to a compatible family and drives them from his home state of Florida – which has the largest number of greyhound racetracks in the U.S. – to their new homes along the East Coast.

While the group briefly suspended operations last year due to new costs at track kennels in the area, Tyler says they'll be back up running later this month. His group has also started a fledgling foster dog program.

Lorie Stewart, of Satellite Beach, Fla., is one of the thousands of people who have benefitted from Tyler's efforts.

"I just adore my dogs," says Stewart, who's adopted five greyhounds through Florida Greyhounds. "They call them potato chip dogs because they're so addictive; you can't have just one!"

More Heroes Among Us:

• Hero Lawyer Gives His House to a Homeless Family for a Year

• Nine-Year-Old Cancer Victim's Happy Spirit Kept Alive Through Strangers' Donations

Know a hero? Send suggestions to heroesamongus@peoplemag.com. For more inspiring stories, read the latest issue of PEOPLE magazine

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Retooling Pap test to spot more kinds of cancer


WASHINGTON (AP) — For years, doctors have lamented that there's no Pap test for deadly ovarian cancer. Wednesday, scientists reported encouraging signs that one day, there might be.


Researchers are trying to retool the Pap, a test for cervical cancer that millions of women get, so that it could spot early signs of other gynecologic cancers, too.


How? It turns out that cells can flake off of tumors in the ovaries or the lining of the uterus, and float down to rest in the cervix, where Pap tests are performed. These cells are too rare to recognize under the microscope. But researchers from Johns Hopkins University used some sophisticated DNA testing on the Pap samples to uncover the evidence — gene mutations that show cancer is present.


In a pilot study, they analyzed Pap smears from 46 women who already were diagnosed with either ovarian or endometrial cancer. The new technique found all the endometrial cancers and 41 percent of the ovarian tumors, the team reported Wednesday in the journal Science Translational Medicine.


This is very early-stage research, and women shouldn't expect any change in their routine Paps. It will take years of additional testing to prove if the so-called PapGene technique really could work as a screening tool, used to spot cancer in women who thought they were healthy.


"Now the hard work begins," said Hopkins oncologist Dr. Luis Diaz, whose team is collecting hundreds of additional Pap samples for more study and is exploring ways to enhance the detection of ovarian cancer.


But if it ultimately pans out, "the neat part about this is, the patient won't feel anything different," and the Pap wouldn't be performed differently, Diaz added. The extra work would come in a lab.


The gene-based technique marks a new approach toward cancer screening, and specialists are watching closely.


"This is very encouraging, and it shows great potential," said American Cancer Society genetics expert Michael Melner.


"We are a long way from being able to see any impact on our patients," cautioned Dr. Shannon Westin of the University of Texas MD Anderson Cancer Center. She reviewed the research in an accompanying editorial, and said the ovarian cancer detection would need improvement if the test is to work.


But she noted that ovarian cancer has poor survival rates because it's rarely caught early. "If this screening test could identify ovarian cancer at an early stage, there would be a profound impact on patient outcomes and mortality," Westin said.


More than 22,000 U.S. women are diagnosed with ovarian cancer each year, and more than 15,000 die. Symptoms such as pain and bloating seldom are obvious until the cancer is more advanced, and numerous attempts at screening tests have failed.


Endometrial cancer affects about 47,000 women a year, and kills about 8,000. There is no screening test for it either, but most women are diagnosed early because of postmenopausal bleeding.


The Hopkins research piggybacks on one of the most successful cancer screening tools, the Pap, and a newer technology used along with it. With a standard Pap, a little brush scrapes off cells from the cervix, which are stored in a vial to examine for signs of cervical cancer. Today, many women's Paps undergo an additional DNA-based test to see if they harbor the HPV virus, which can spur cervical cancer.


So the Hopkins team, funded largely by cancer advocacy groups, decided to look for DNA evidence of other gynecologic tumors. It developed a method to rapidly screen the Pap samples for those mutations using standard genetics equipment that Diaz said wouldn't add much to the cost of a Pap-plus-HPV test. He said the technique could detect both early-stage and more advanced tumors. Importantly, tests of Paps from 14 healthy women turned up no false alarms.


The endometrial cancers may have been easier to find because cells from those tumors don't have as far to travel as ovarian cancer cells, Diaz said. Researchers will study whether inserting the Pap brush deeper, testing during different times of the menstrual cycle, or other factors might improve detection of ovarian cancer.


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Wall Street climbs on China data; S&P nears resistance

NEW YORK (Reuters) - Stocks climbed on Thursday on optimism about global growth spurred by stronger-than-expected exports in China, the world's second-biggest economy, though gains in the S&P 500 were capped at a resistance level near a 5-year high.


Financial and energy stocks were the day's top gainers in afternoon trading. The financial sector index <.gspf> rose 0.8 percent and the energy sector <.gspe> was up 0.6 percent.


The benchmark Standard & Poor's 500 index hovered near a five-year closing peak of 1,466.47. On Friday, the index had closed at its highest since December 2007.


"The market is technically right at the level of resistance, near 1,465-1,467," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.


"A solid breakthrough above the level would be the start of a next leg higher, but it looks like it is going to be difficult to break above that level for now," Frederick said, citing concerns about the corporate earnings season and impending negotiations over the U.S. debt ceiling.


By late morning, the S&P 500 had erased almost all its gains from earlier Thursday in minutes. Some traders said the dip was triggered by a trade in the options market that prompted a large amount of S&P futures to hit the market at the same time, sending the S&P 500 index down rapidly.


Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown.


The Dow Jones industrial average <.dji> was up 36.20 points, or 0.27 percent, at 13,426.71. The Standard & Poor's 500 Index <.spx> was up 5.11 points, or 0.35 percent, at 1,466.13. The Nasdaq Composite Index <.ixic> was up 0.05 points, or 0.00 percent, at 3,105.86.


In company news, shares of upscale jeweler Tiffany dropped 4.3 percent to $60.53 after it said earnings for the year through January 31 will be at the lower end of its forecast.


U.S.-traded Nokia shares jumped 18 percent to $4.42 after the Finnish handset maker said its fourth-quarter results were better than expected and that the mobile phone business achieved underlying profitability.


Herbalife Ltd stepped up its defense against activist investor Bill Ackman, stressing it was a legitimate company with a mission to improve nutrition and help public health. The stock was down 2.4 percent at $39.15.


U.S. data showed claims for unemployment benefits rose last week, though seasonal volatility made it difficult to get a clear picture of the labor market's health.


Also, U.S. wholesale inventories rose more than expected in November and sales rose by the most in more than 1-1/2 years. The market's reaction to both reports was muted.


(Editing by Bernadette Baum)



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Syria denounces peace envoy who hinted Assad must go


BEIRUT (Reuters) - Syria denounced international envoy Lakhdar Brahimi as "flagrantly biased" on Thursday, casting doubt on how long the U.N.-Arab League mediator can pursue his peace mission.


The Syrian Foreign Ministry was responding to remarks by Brahimi a day earlier in which he ruled out a role for President Bashar al-Assad in a transitional government and effectively called for the Baathist leader to quit.


"In Syria...what people are saying is that a family ruling for 40 years is a little bit too long," Brahimi told the BBC, referring to Assad, who inherited his post from his father Hafez al-Assad, who seized power in 1970 and ruled for 30 years.


"President Assad could take the lead in responding to the aspiration of his people rather than resisting it," the veteran Algerian diplomat said, hinting the Syrian leader should go.


The Foreign Ministry in Damascus said it was very surprised at Brahimi's comments, which showed "he is flagrantly biased for those who are conspiring against Syria and its people".


The ministry later said it was nevertheless still willing to work with the envoy to find a political solution to the crisis.


Brahimi has had no more success than his predecessor Kofi Annan in his quest to resolve the 21-month-old conflict in which more than 60,000 people have been killed.


British Foreign Secretary William Hague warned that violence in Syria might worsen and said the international community must "step up" its response if it does.


So far regional rivalries and divisions among big powers have stymied any concerted approach to the upheaval, one of the bloodiest to emerge from a series of revolts in the Arab world.


Russian and U.S. diplomats, who back opposing sides of the war, will meet Brahimi in Geneva on Friday.


Ahead of the meeting, Russia repeated its insistence that Assad must not be pushed from power by external forces and that his exit must not be a precondition for negotiations.


"Only the Syrians themselves can agree on a model or the further development of their country," Foreign Ministry spokesman Alexander Lukashevich said.


"MASK OF IMPARTIALITY"


Syria's al-Watan newspaper said Brahimi had removed his "mask of impartiality" to reveal his true face as a "a tool for the implementation of the policy of some Western countries".


On Sunday Assad, making his first public speech in six months, offered no concessions and said he would never talk to foes he branded terrorists and Western puppets.


As peace efforts floundered, rebels battled for a strategic air base for a second day, pursuing a civil war that had briefly receded for some Damascus residents who set aside their differences to play in a rare snowfall that blanketed the city.


For a few hours, people in the capital dropped their weapons for snowballs and traded hatred for giggles.


"Last night, for the first time in months, I heard laughter instead of shelling. Even the security forces put down their guns and helped us make a snowman," Iman, a resident of the central Shaalan neighborhood, said by Skype.


There was no respite on other battlefronts, with heavy fighting around the Taftanaz base in northwestern Syria, which insurgents are trying to capture to extend their grip on Idlib province and weaken Assad's control of the skies.


Rebels assaulted the airport's main buildings and armory using heavy guns, tanks and other weapons and appeared to have overrun half the area of the base, said Rami Abdelrahman, director of the Syrian Observatory for Human Rights, a pro-opposition group that monitors the conflict from abroad.


"Now, it's serious," he said.


The air base has been used to launch helicopter attacks in the region, and its loss would be a blow to the government's ability to defend its positions there, Abdelrahman said.


MISSILE LAUNCH


Insurgents have tried to take the base for months, but have been bolstered by the recent arrival of Islamist fighters including the al Qaeda-linked al-Nusra Front, he added.


There was no immediate government account of the fighting, which could not be confirmed independently.


Opposition forces have seized swathes of territory in northern Syria in recent months, but remain vulnerable to attack by the military's planes and helicopters - hence their strategy of trying to capture air bases such as the one at Taftanaz.


There was no word on whether the firing of a short-range ballistic missile inside Syria on Wednesday, reported by a NATO official, was linked to the fighting at Taftanaz.


NATO could not confirm the type of missile used, but the description fit the Scuds that are in the Syrian military's armory, the official added, describing the latest launch and similar ones last week as "reckless".


A NATO official said that since the start of December 2012, the alliance had detected at least 15 launches of unguided, short-range ballistic missile inside Syria.


Neither side has gained a clear military advantage in the war pitting mostly Sunni Muslim rebels against security forces dominated by Assad's minority, Shi'ite-linked Alawite sect.


The Observatory also reported fighting between rebels and troops in the Sayyida Zeinab area of Damascus, and air raids were reported in the capital's Maleiha area and eastern suburbs.


Despite some support from Sunni regional powers including Turkey, Saudi Arabia and Qatar, the rebels remain largely disorganized, fragmented and ill-equipped. Poor discipline, looting and insecurity in some insurgent-held areas have also eroded their support from civilians.


Turf wars between rebel units and with Kurdish groups have also beleaguered the armed opposition. On Thursday, a senior Islamist commander was assassinated near the border with Turkey, Syrian rebels and political opposition sources said.


Thaer al-Waqqas, northern commander of al-Farouq Brigades, had been suspected of involvement in the killing four months ago of a member of al-Nusra Front.


He was shot dead at a rebel position in the town of Sermin, a few kilometers from Turkey, the sources said.


(Additional reporting by Oliver Holmes, Mariam Karouny and Erika Solomon in Beirut, Steve Gutterman in Moscow, Khaled Yacoub Oweis in Amman and Mohammed Abbas in London; Editing by Alistair Lyon and Jason Webb)



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Is BlackBerry back? Strong early BlackBerry 10 demand could signal RIM comeback






After hitting a rough patch that seemed to last for most of 2012, Research In Motion (RIMM) may finally see the light at the end of the tunnel. RIM plans to unveil the finished version of its next-generation BlackBerry 10 platform at a press conference on January 30th, and at least one new smartphone is expected to be revealed during the event. Generating interest in BlackBerry 10 within the crowded global smartphone market will be no easy task for the struggling vendor, but if demand at top Canadian Rogers is any indication, RIM is off to a promising start.


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






In mid-December, Rogers began taking reservations for RIM’s first BlackBerry 10-powered handset. The carrier offered almost no information about the BlackBerry smartphone, which has not yet been announced, but asked subscribers interested in purchasing the device to register on the company’s website.


[More from BGR: iPhone 5 now available with unlimited service, no contract on Walmart’s $ 45 Straight Talk plan]


BGR approached Rogers on Thursday to see how subscriber response has been thus far.


“While we can’t release the total number of reservations we have received for the BlackBerry 10 all-touch device, we can say that customer interest is definitely strong and reservations continue daily,” a RIM spokesperson told BGR via email.


The strong response from Rogers subscribers despite being provided only with the knowledge that the device will feature an all-touch form factor and will run the BlackBerry 10 OS is a good sign for RIM.


The vendor has a number of difficult challenges ahead, and convincing current BlackBerry users to upgrade en masse is near the top of the list. Strong early demand at Rogers for RIM’s first BlackBerry 10 handset is clearly a positive sign in this regard, as most early reservations likely came from current BlackBerry subscribers.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News




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Woman Mistakes Labradoodle for Baby Lion in Virginia















01/09/2013 at 02:00 PM EST







Charles the Labradoodle


Courtesy of Charles The Monarch


Charles the Labradoodle loves kids, pizza and tailgating at Old Dominion University football games.

But on the outside, his appearance is – dare we say – just a little fur-ocious.

Groomed to look like a lion, Charles (full name: Charles the Monarch) earns plenty of attention – this time, from a concerned Norfolk, Va., resident who mistook the dog for the real deal.

A 911 caller told police that a baby lion was on the prowl down Colley Avenue on Tuesday, reports the Virginian-Pilot. Perhaps the animal was on the hunt for food, the caller worried, so police contacted the Virginia Zoo to see if any lions were on the loose.

But the presumed escaped beast was just Daniel Painter's dog, whose likeness to a lion has had police on his tail before, according to his owner.

His distinct haircut borrows inspiration from the university's mascot. Sports fans and neighborhood folks are among Charles's 2,000-plus – and counting! – Facebook fan base.

"I tell people he's a Lab-a-lion," Painter says, "and half the people believe that."

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Flu season has Boston declaring health emergency


BOSTON (AP) — Massachusetts public health officials are reporting 18 flu-related deaths in the state already this season, and Boston has declared a public health emergency.


A spokeswoman for Mayor Thomas Menino says the city is working with health care centers to offer free flu vaccines and also hopes to set up public locations where people can go for vaccinations. The city is reporting four flu-related deaths, all seniors.


Menino said Wednesday there have been about 700 confirmed cases of the flu in Boston so far this season, compared with 70 all of last season.


The Massachusetts Department of Public Health says the state is one of 29 reporting higher-than-normal rates of flu-like illnesses. The Centers for Disease Control and Prevention has warned of a harsh flu season, which usually peaks in midwinter.


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