Selena Gomez Is 'Really Good' Post-Justin Bieber Split















01/30/2013 at 06:30 PM EST



Girls just wanna have fun – especially single ones!

Selena Gomez, 20, isn't following in the footsteps of her ex-boyfriend Justin Bieber, who says he's "not in the happiest place" since the two parted ways.

"I've been recording, having a lot of fun with my girlfriends, having a good time," she tells E! Online.

Although she recently sang a heartfelt rendition of Justin Timberlake's "Cry Me a River," Gomez remained mum on the types of songs her upcoming album will include. She said simply, "I'm having a lot of fun expressing everything that I'm feeling."

One thing is for sure – she's definitely breaking away from her Disney image.

"I've been telling people I'm definitely a little bit more sassy now," she said. "I'm a little bit more mouthy."

Aside from edgier tunes, the starlet is excited for people to see her risqué role in Spring Breakers.

"I think people are used to seeing me in a certain way," she said. "I think it will be a little shocking for people, but in a good way. The movie as a whole is a lot to take in, and I've definitely expressed that to my younger fans."

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Sex to burn calories? Authors expose obesity myths


Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.


All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.


Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting from real solutions to the nation's weight problems.


"The evidence is what matters," and many feel-good ideas repeated by well-meaning health experts just don't have it, said the lead author, David Allison, a biostatistician at the University of Alabama at Birmingham.


Independent researchers say the authors have some valid points. But many of the report's authors also have deep financial ties to food, beverage and weight-loss product makers — the disclosures take up half a page of fine print in the journal.


"It raises questions about what the purpose of this paper is" and whether it's aimed at promoting drugs, meal replacement products and bariatric surgery as solutions, said Marion Nestle, a New York University professor of nutrition and food studies.


"The big issues in weight loss are how you change the food environment in order for people to make healthy choices," such as limits on soda sizes and marketing junk food to children, she said. Some of the myths they cite are "straw men" issues, she said.


But some are pretty interesting.


Sex, for instance. Not that people do it to try to lose weight, but claims that it burns 100 to 300 calories are common, Allison said. Yet the only study that scientifically measured the energy output found that sex lasted six minutes on average — "disappointing, isn't it?" — and burned a mere 21 calories, about as much as walking, he said.


That's for a man. The study was done in 1984 and didn't measure the women's experience.


Among the other myths or assumptions the authors cite, based on their review of the most rigorous studies on each topic:


—Small changes in diet or exercise lead to large, long-term weight changes. Fact: The body adapts to changes, so small steps to cut calories don't have the same effect over time, studies suggest. At least one outside expert agrees with the authors that the "small changes" concept is based on an "oversimplified" 3,500-calorie rule, that adding or cutting that many calories alters weight by one pound.


—School gym classes have a big impact on kids' weight. Fact: Classes typically are not long, often or intense enough to make much difference.


—Losing a lot of weight quickly is worse than losing a little slowly over the long term. Fact: Although many dieters regain weight, those who lose a lot to start with often end up at a lower weight than people who drop more modest amounts.


—Snacking leads to weight gain. Fact: No high quality studies support that, the authors say.


—Regularly eating breakfast helps prevent obesity. Fact: Two studies found no effect on weight and one suggested that the effect depended on whether people were used to skipping breakfast or not.


—Setting overly ambitious goals leads to frustration and less weight loss. Fact: Some studies suggest people do better with high goals.


Some things may not have the strongest evidence for preventing obesity but are good for other reasons, such as breastfeeding and eating plenty of fruits and vegetables, the authors write. And exercise helps prevent a host of health problems regardless of whether it helps a person shed weight.


"I agree with most of the points" except the authors' conclusions that meal replacement products and diet drugs work for battling obesity, said Dr. David Ludwig, a prominent obesity research with Boston Children's Hospital who has no industry ties. Most weight-loss drugs sold over the last century had to be recalled because of serious side effects, so "there's much more evidence of failure than success," he said.


___


Online:


Obesity info: http://www.cdc.gov/obesity/data/trends.html


New England Journal: http://www.nejm.org


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Wall Street advances as defensive stocks extend rally

NEW YORK (Reuters) - Stocks advanced on Tuesday, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains.


The S&P 500 is on track to post its best monthly performance since October 2011 and its best January since 1997 as investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record. [ID:nL1N0AX45Q] The Dow Jones industrial average has been flirting with 14,000, a level it hasn't seen since October 2007.


Shares of Amazon.com jumped nearly 7 percent in extended trade after the world's largest Internet retailer posted fourth-quarter revenue that jumped 22 percent to $21.27 billion. The stock closed down 5.7 percent at $260.35 in regular trading.


Among rising defensive shares, which are companies relatively immune to economic swings, were drugmaker Pfizer , up 3.2 percent to $27.70 after posting earnings and AT&T , 1.6 percent higher at $34.68.


"Cyclical were moving very nicely, now you see balance with some of the defensive. Many managers use that as an internal hedge in equity portfolios," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


She said the market is cautious ahead of Wednesday's statement following the Federal Reserve's two-day meeting. In addition, defensive stocks would hold up better if Friday's payrolls report surprises on the downside.


The S&P hovered near 1,500, and market technicians say the benchmark is at an inflection point which will determine the overall direction in the near term.


"The public is pouring in now," said Carter Worth, chief market technician at Oppenheimer & Co in New York. "It reflects complacency and that typically leads to hubris, and hubris leads to trouble. Everyone's buying."


The top performing sectors on the S&P 500 were healthcare <.spxhc> and telecom services <.splrcl>, so-called defensive sectors, both up more than 1 percent.


The energy sector also advanced, on the back of strong earnings from Valero Energy Corp and a hedge fund move to break up Hess Corp to boost investor returns.


Valero shares jumped 12.8 percent to $43.77 and Hess gained 9 percent to $68.11.


The equity gains have largely come on a strong start to earnings season, though results were mixed on Tuesday with Pfizer rising but Ford Motor Co down after its report.


Both companies reported profits that topped expectations, but Ford also forecast a wider loss in its European segment. Ford dropped 4.6 percent to $13.14 as one of the biggest percentage losers on the S&P 500.


The Dow Jones industrial average <.dji> was up 72.49 points, or 0.52 percent, at 13,954.42. The Standard & Poor's 500 Index <.spx> was up 7.66 points, or 0.51 percent, at 1,507.84. The Nasdaq Composite Index <.ixic> was down 0.64 points, or 0.02 percent, at 3,153.66.


Thomson Reuters data showed that of the 174 companies in the S&P 500 that have reported earnings this season, 68.4 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


Disappointing outlooks from Seagate Technology and BMC Software pressured their shares. Seagate lost 9.4 percent to $33.91 and BMC fell 6.3 percent to $41.71.


D.R. Horton Inc's quarterly profit more than doubled as it managed to sell more homes at higher prices, leading the No. 1 U.S. homebuilder to forecast a good spring selling season. The stock jumped 11.8 percent to $23.82.


U.S. home prices rose in November to rack up their best yearly gain since the housing crisis began, a further sign that the sector is on the mend, but consumer confidence fell to its lowest level in more than a year in the wake of higher taxes for many Americans.


(Reporting By Angela Moon; Editing by Nick Zieminski)



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London Journal: Welcome to Britain. Our Weather Is Appalling.





LONDON — The 100 Years’ War actually lasted 116 years. Pantomime dames tend to be men dressed as women. The hovercraft was invented by Sir Christopher Cockerell. York Minster has very nice stained glass windows. Margaret Thatcher successfully tamed the unions and turned London into a powerful international financial center by deregulating the financial markets.




These and other interesting pieces of information can be found in “Life in the United Kingdom: A Guide for New Residents,” a revised book issued by the Conservative-led government that, starting in March, will form the basis of the country’s revised immigration test. To pass, applicants who want to become citizens or live here permanently will have to answer 18 of 24 questions correctly.


Judging from the sample questions released by the government, the test may end up being relatively easy. But the guidebook, crammed with information, reflects the Conservative view that too many people are trying to immigrate to Britain, and that once they arrive they are failing to appreciate the country properly.


“The new book and test will focus on events and people who have contributed to making Britain great,” Mark Harper, the immigration minister, said last weekend.


In announcing the revised guidebook, Mr. Harper went out of his way to criticize the old one, “Life in the United Kingdom: A Journey to Citizenship,” which was issued by the rival Labour government in 2007.


While it contains some history, the Labour version tends to concentrate less on the excitements of the British past than on the practicalities of the British present. (Plus, in its own partisan contribution, it says that Mrs. Thatcher was a “divisive figure” whose policies might have “caused a massive decline in industry.”)


“The new book rightly focuses on values and principles at the heart of being British,” Mr. Harper said. Referring to the old book, he said: “We’ve stripped out mundane information about water meters, how to find train timetables and using the Internet.”


Indeed, a chapter called “Everyday Needs” in the old Labour version gives advice on things like what to do if you feel sick (“call your G.P.,” is one possibility); how to rent a house; and, weirdly, how best to refer to garbage. “Refuse is also called waste, or rubbish,” it explains.


Roger Helmer, a member of the European Parliament from the anti-immigrant, anti-Europe U.K. Independence Party, said it was about time the old manual was retired.


“They’ve taken out a lot of references to New Labour achievements, which is a jolly good thing,” Mr. Helmer said in an interview.


But Don Flynn, director of the Migrants’ Rights Network, an interest group, said the new version propagated a snobby, atavistic, superior approach to British culture and history. He singled out as particularly objectionable the historical chapter, called “A Long and Illustrious History,” whose first page depicts a rousing scene from the Battle of Trafalgar.


“The chapter which primes applicants’ knowledge about history is permeated with the sort of Whig views of the world-civilizing mission of the British realm which have encouraged generations of Etonians and Harrovians to play their role in the great imperial enterprise,” Mr. Flynn told The Guardian, referring to Eton and Harrow, two elite boarding schools.


In the section, would-be immigrants are taken on a speedy 56-page tour of the past 100 centuries, beginning with the Stone Age (“People came and went, following the herds of deer and horses which they hunted”) and ending with a flourish at the climax of the 2010 election. (“The leader of the Conservative Party, David Cameron, became prime minister.”)


Former Prime Minister Tony Blair, Labour’s most important politician in the past 20 years, gets a paragraph; his successor, Gordon Brown, gets a sentence.


The chapter sometimes skates shallowly over contentious issues. Discussing the often bloody, often traumatic shedding of the component parts of the British Empire in the 20th century, for instance, it says happily that there was, “for the most part, an orderly transition from empire to commonwealth, with countries being granted their independence.”


As The Guardian pointed out, “There is no mention of the million or more people who died in communal and religious violence at Britain’s withdrawal during the 1947 partition of India.”


Britain is actively trying to find ways to tighten its borders. The British news media reported recently that the government, terrified that the lifting next year of European Union restrictions on Bulgarians and Romanians living and working here would result in an influx of unwanted people, is considering an advertising campaign pointing out Britain’s bad qualities, like its climate.


A spokesman for the Home Office did not deny the reports, but said that officials “are working closely with other government departments to look at the pull factors that may encourage E.U. nationals, including those from Bulgaria and Romania, to come to the U.K.”


Mr. Helmer of the U.K. Independence Party scoffed at the government’s attitude.


“Rather than simply say, ‘We only want 500 of those people coming in,’ ” he said, choosing a random number and referring to Romanians and Bulgarians, “we have to run an ad campaign saying that it rains in Britain. For heaven’s sake, how ridiculous is that?”


The guidebook does its best to promote what the government considers Britain’s best qualities (rain is not among them). But filled as it is with proud references to great kings, great achievements and great prime ministers, it is strangely at odds with the quirky, creative, nonmilitary image Britain presented of itself at last summer’s ecstatic and much-loved Olympics opening ceremony.


Keith Vaz, a Labour member of Parliament who is chairman of the Home Affairs Committee, said the Conservatives had taken “a very odd approach” to their guidebook and questioned whether it was right that a government department should unilaterally get to decide how to present British history to the outside world.


“This is the kind of work that is best written by people who are not party political,” he said in an interview.


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RIM faces its day of reckoning with BlackBerry 10 launch






NEW YORK (Reuters) – The innovative line of BlackBerry smartphones that Research In Motion Ltd will formally unveil on Wednesday has already succeeded on one crucial count – getting RIM back in the conversation.


The new BlackBerry 10 has created a buzz among technology watchers and financial analysts, thanks to nifty features that may set it apart in an overcrowded smartphone market. RIM stock has almost tripled over the past four months on hopes the devices can restore RIM to sustained prosperity.






Reviewers like the browser speed and the intuitive keyboard on RIM’s new touchscreen. A feature called BlackBerry Balance, which keeps corporate and personal data separate, could help RIM rebuild its traditional base of big business customers.


It’s a welcome start for RIM, the smartphone pioneer that has teetered on the brink of irrelevance. But success will come only if consumer and business customers embrace the new technology in the weeks and months after CEO Thorsten Heins takes the wraps off the phone at a glitzy New York launch.


RIM is gambling its survival on the much-delayed BlackBerry 10, hoping to claw its way back into an industry now dominated by Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy.


The timing may be just right. The new phone hits the market just as the iPhone’s remarkable run is showing some signs of slowing.


“I really do believe that the consumer market as a whole is ready for something new,” said Kevin Burden, head of mobility at Strategy Analytics, an industry consulting firm.


“I have to believe that there is some level of user fatigue that plays into the longevity of some of these platforms,” he added, referring to Google Inc’s Android and Apple’s iOS, which are both more than five years old. “RIM is probably timing it right.”


U.S. BATTLEGROUND


To be sure, RIM shares are about 90 percent below a 2008 peak near $ 150 a share and the company still has a tough fight ahead. It may take investors some time to determine whether RIM’s big gamble on an untested technology has paid off.


RIM’s market share collapsed in the three years ahead of the launch. Strategy Analytics data shows RIM’s global share of the smartphone market was about 3.4 percent in the fourth quarter, down from around 20 percent just three years ago.


While RIM has done well in developing markets, it has hemorrhaged customers in the United States, a market that sets technology trends. RIM’s fourth-quarter North American market share fell to 2 percent from more than 40 percent three years ago.


Acknowledging that it is crucial to win back U.S. customers, RIM will hold its main BlackBerry 10 launch in New York, although there are simultaneous events in six cities across the globe.


Underscoring the point, RIM is splurging on a costly Super Bowl ad to tout its new devices and attempt to brighten its faded image in the U.S. market.


BIG QUESTIONS


Over 150 carriers already have tested the new devices and RIM has said the launch will be the largest ever global rollout of a new platform.


The two big questions the market expects RIM to answer on Wednesday are when the phones – a full touch-screen device and one with a traditional physical keyboard – will hit store shelves, and how much they will cost.


The company is expected to unveil specifics on pricing and availability in different regions at the launch.


“The Street is expecting mid-February for a launch. Anything earlier than that is a positive, anything later will be viewed as negative,” said RBC Dominion Securities analyst Paul Treiber.


That said, there are few mysteries to be cleared up on Wednesday. Leaked photos and specifications of the devices have been splashed across the tech world.


“We’ve had the beta devices for a few weeks and in terms of the devices, they are right up there with the competition,” said Andy Ambrozic, head of IT Infrastructure at Ricoh Canada. “The Balance feature is crucial for corporations that are becoming increasingly concerned about data security.”


Scotiabank analyst Gus Papageorgiou feels RIM has a good chance of a comeback. He says the new BB10 operating system outpaces Apple’s iOS platform and Google’s market-leading Android system in every category except app selection and content.


“There is, we believe, huge potential for the platform and devices to bring people back to BlackBerry or draw entirely new users into the platform,” said Papageorgiou, who has a “sector outperform” rating on the stock.


BlackBerry 10 will not be able to compete on the number of apps, but RIM says its operating system will have the largest application library for any new platform at launch, with more than 70,000 apps available.


It has already gathered big-name music and video partners for its BlackBerry 10 storefront, including Walt Disney Studios and Sony Pictures, Universal Music and Warner Music Group.


Wireless carriers already report strong demand for the new devices. Rogers Communications Inc, Canada’s top wireless carrier and the first globally to take pre-orders for the new devices, said orders are already in the thousands.


“Our customers are excited,” said John Boynton, Rogers’ head of marketing, adding that some users are holding off on upgrades in anticipation of the BB10 launch.


(Additional reporting by Alastair Sharp and Allison Martell in Toronto; Editing by Frank McGurty, Janet Guttsman and Andre Grenon)


Gadgets News Headlines – Yahoo! News





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Seal Pup Finds Shelter from the Storm on a Car Dashboard















01/29/2013 at 06:35 PM EST



That's one adorable backseat driver!

After braving the stormy Dumfries, Scotland, weather, a savvy seal found some shelter ... on the dashboard of a car.

The 6-month-old pup, fittingly named Smartie, was first discovered wandering the area surrounding the Cairnryan ferry terminal. Concerned, staff tried to return the seal to the water. When Smartie refused, an employee put him in the trunk of his car to wait until animal rescuers arrived on the scene.

But Smartie needed a change of scenery.

The seal managed to wiggle his way from the the trunk to the vehicle's dashboard by pushing down one of the rear seats, reports the U.K.'s Daily Mail.

"He is clearly a very smart seal as he ended up watching the storm out the windscreen of the car from his warm, dry spot on the dash," said a spokesman for the Scottish SPCA, the rescue group that scooped up the pup.

Now, Smartie is living at the National Wildlife Rescue Centre near Alloa, Scotland. "We hope to return Smartie to the wild in about a month's time," said the rescue's manager, Colin Seddon, "but only when we're sure he's fully fit and able to fend for himself."

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Soldier with new arms determined to be independent


BALTIMORE (AP) — After weeks of round-the-clock medical care, Brendan Marrocco insisted on rolling his own wheelchair into a news conference using his new transplanted arms. Then he brushed his hair to one side.


Such simple tasks would go unnoticed in most patients. But for Marrocco, who lost all four limbs while serving in Iraq, these little actions demonstrate how far he's come only six weeks after getting a double-arm transplant.


Wounded by a roadside bomb in 2009, the former soldier said he could get by without legs, but he hated living without arms.


"Not having arms takes so much away from you. Even your personality, you know. You talk with your hands. You do everything with your hands, and when you don't have that, you're kind of lost for a while," the 26-year-old New Yorker told reporters Tuesday at Johns Hopkins Hospital.


Doctors don't want him using his new arms too much yet, but his gritty determination to regain independence was one of the chief reasons he was chosen to receive the surgery, which has been performed in the U.S. only seven times.


That's the message Marrocco said he has for other wounded soldiers.


"Just not to give up hope. You know, life always gets better, and you're still alive," he said. "And to be stubborn. There's a lot of people who will say you can't do something. Just be stubborn and do it anyway. Work your ass off and do it."


Dr. W.P. Andrew Lee, head of the team that conducted the surgery, said the new arms could eventually provide much of the same function as his original arms and hands. Another double-arm transplant patient can now use chopsticks and tie his shoes.


Lee said Marrocco's recovery has been remarkable, and the transplant is helping to "restore physical and psychological well-being."


Tuesday's news conference was held to mark a milestone in his recovery — the day he was to be discharged from the hospital.


Next comes several years of rehabilitation, including physical therapy that is going to become more difficult as feeling returns to the arms.


Before the surgery, he had been living with his older brother in a specially equipped home on New York's Staten Island that had been built with the help of several charities. Shortly after moving in, he said it was "a relief to not have to rely on other people so much."


The home was heavily damaged by Superstorm Sandy last fall.


"We'll get it back together. We've been through a lot worse than that," his father, Alex Marrocco, said.


For the next few months, Marrocco plans to live with his brother in an apartment near the hospital.


The former infantryman said he can already move the elbow on his left arm and rotate it a little bit, but there hasn't been much movement yet for his right arm, which was transplanted higher up.


Marrocco's mother, Michelle Marrocco, said he can't hug her yet, so he brushes his left arm against her face.


The first time he moved his left arm was a complete surprise, an involuntary motion while friends were visiting him in the hospital, he said.


"I had no idea what was going through my mind. I was with my friends, and it happened by accident," he recalled. "One of my friends said 'Did you do that on purpose?' And I didn't know I did it."


Marrocco's operation also involved a technical feat not tried in previous cases, Lee said in an interview after the news conference.


A small part of Marrocco's left forearm remained just below his elbow, and doctors transplanted a whole new forearm around and on top of it, then rewired nerves to serve the old and new muscles in that arm.


"We wanted to save his joint. In the unlucky event we would lose the transplant, we still wanted him to have the elbow joint," Lee said.


He also explained why leg transplants are not done for people missing those limbs — "it's not very practical." That's because nerves regrow at best about an inch a month, so it would be many years before a transplanted leg was useful.


Even if movement returned, a patient might lack sensation on the soles of the feet, which would be unsafe if the person stepped on sharp objects and couldn't feel the pain.


And unlike prosthetic arms and hands, which many patients find frustrating, the ones for legs are good. That makes the risks of a transplant not worth taking.


"It's premature" until there are better ways to help nerves regrow, Lee said.


Now Marrocco, who was the first soldier to survive losing all four limbs in the Iraq War, is looking forward to getting behind the wheel of his black 2006 Dodge Charger and hand-cycling a marathon.


Asked if he could one day throw a football, Dr. Jaimie Shores said sure, but maybe not like Baltimore Ravens quarterback Joe Flacco.


"Thanks for having faith in me," Marrocco interjected, drawing laughter from the crowd.


His mother said Marrocco has always been "a tough cookie."


"He's not changed that, and he's just taken it and made it an art form," Michelle Marrocco said. "He's never going to stop. He's going to be that boy I knew was going to be a pain in my butt forever. And he's going to show people how to live their lives."


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Associated Press Chief Medical Writer Marilynn Marchione in Milwaukee and AP writer David Dishneau in Hagerstown, Md., contributed to this report.


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S&P 500 eases, ends longest winning run in eight years

NEW YORK (Reuters) - The S&P 500 eased slightly on Monday after an eight-day run of gains, while the Nasdaq edged higher as Apple shares rebounded.


The index remained above 1,500, however, after closing above that level on Friday for the first time in more than five years. The S&P 500's eight sessions of gains was its longest winning streak in eight years.


Caterpillar shares helped limit losses on the Dow industrials even as the company posted a 55 percent drop in quarterly profit due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers. Caterpillar's shares, down 2.2 percent in the past three sessions, rose 2 percent Monday to $97.45.


"I think this multi-year high is really something that's in play both for shorter-term traders and with folks with money on the sidelines," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.


Bargain hunters lifted Apple after the tech giant's stock dropped 14.4 percent in the previous two sessions. With Apple's stock up 2.3 percent at $449.83, the iPad and iPhone maker regained the title as the largest U.S. company by market capitalization as Exxon Mobil fell 0.7 percent to $91.11 and slipped back to second place.


On the down side, Boeing fell 1.4 percent to $74 on worries about the potential hit from delays in its 787 Dreamliner program.


The Dow Jones industrial average <.dji> was down 14.05 points, or 0.10 percent, at 13,881.93. The Standard & Poor's 500 Index <.spx> was down 2.78 points, or 0.18 percent, at 1,500.18. The Nasdaq Composite Index <.ixic> was up 4.59 points, or 0.15 percent, at 3,154.30.


Investors poured $55 billion in new cash into stock mutual funds and exchange-traded funds in January, the biggest monthly inflow on record, research provider TrimTabs Investment Research said.


"What we have seen this year is, it appears the individual investor is allocating some 401(k) money to equities. Hopefully that's a decision that will be with us for a while," Hellwig said.


Data on Monday pointed to growing economic momentum as companies sensed improved consumer demand.


U.S. durable goods orders jumped 4.6 percent in December, a pace that far outstripped expectations for a rise of 1.8 percent. Pending home sales, however, unexpectedly dropped 4.3 percent. Analysts were looking for an increase of 0.3 percent.


Corporate earnings so far have mostly been stronger than expected. Thomson Reuters data showed that of the 150 companies in the S&P 500 that have reported earnings so far, 67.3 percent have beaten analysts' expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


After the bell, shares of Yahoo rose 4.4 percent to $21.21 following the release of its results.


During the regular session, Hess Corp shares shot up 6.1 percent to $62.48 after the company said it would exit its refining business, freeing up to $1 billion of capital. Separately, hedge fund Elliott Associates is looking for approval to buy about $800 million more in Hess stock.


Stocks have also gained support from a recent agreement in Washington to extend the government's borrowing power. On Monday, Fitch Ratings said that agreement removed the near-term risk to the country's 'AAA' rating.


Volume was roughly 6.1 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.


Decliners outpaced advancers on the NYSE by nearly 4 to 3, while advancers beat decliners on the Nasdaq by about 7 to 5.


(Additional reporting by Rodrigo Campos; Editing by Jan Paschal and Nick Zieminski)



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Japan to Ease Restrictions on U.S. Beef


Reflecting diminishing fears over mad cow disease, Japan eased its decade-old restriction on imports of American beef on Monday. But industry experts say beef producers have many more challenges to overcome if they are going to reverse a prolonged slump that has pared the nation’s herd to its lowest level in 60 years and sent prices soaring.


A Japanese government council that oversees food and drug safety cleared a change in import regulations on Monday that would permit imports of meat from American cattle aged 30 months or younger, rather than the current 20 months, according to materials distributed at the council’s meeting in Tokyo.


The change is set to take effect on Feb. 1 for American beef processed after that date, and shipments could start arriving in Japan in mid-February, according to the Japanese Ministry of Agriculture. Bans remain on parts of cattle considered to carry a higher risk of transmitting the disease.


Japan, the world’s largest net importer of food, slapped a ban on American beef in 2003 after bovine spongiform encephalopathy, an illness more commonly known as mad cow disease, was found in a single cow in Washington State. Humans are thought to catch the disease’s fatal human variant, Creutzfeldt-Jakob disease, by eating meat, including the brain and spinal cord, from contaminated carcasses.


Japan eased the ban in 2006 but only for meat from cattle 20 months or younger, an age limit American exporters said had no scientific basis. Japanese officials argued that the incidence of the disease was higher in older animals.


Aside from the reduction in exports, ranchers have also been grappling over the last half-dozen years or so with rising feed prices —as ethanol producers drove up the price of corn — and with drought that has parched grazing land and deprived their animals of water. The recession and changing consumer tastes contributed to the woes. While the industry has had boom and bust cycles lasting on average four to five years, the current decline is firmly entrenched.


“Previous cycles of production and prices going back 100 years related to the particular workings of the beef industry and were usually self-correcting,” said Derrell Peel, professor of agricultural economics at Oklahoma State. “But the current cycle is largely due to external factors and that is really why we are at this historic low.”


Cameron Bruett, the spokesman for one of the largest beef processors, JBS, welcomed Japan’s decision, saying it would help increase business certainty and reduce complexity for the company’s beef production, which operates in Brazil, Argentina, Canada and the United States. “While the declining herd remains a challenge for the industry, any time you increase access to additional consumers that benefits the whole supply chain,” Mr. Bruett said.


JBS has eight processing facilities in the United States and Canada. While another major producer, Cargill, announced plans two weeks ago to close a plant in Texas — one of 10 it has in the United States — Mr. Bruett said JBS has no closure plans.


Japan’s decision will mark a bright spot at the annual gathering next week in Tampa of what Chandler Keys, a beef industry consultant, calls “the hat and boots crowd,” or the members of the National Cattlemen’s Beef Association. 


“It should be a shot in the arm to the market, which will be helpful,” said Bob McCan, a rancher who will be named the association’s president-elect at that meeting. Mr. McCann and his family operate a ranch in Victoria, Tex., with more than 3,600 head of Braford cattle, down from 5,000 six years ago. “Everyone looks at the high price of beef and says we must be making money, “ he said. “But profitability is more difficult due to the drought that started in Texas, the biggest cattle producing state, almost five years ago and has since widened into the Midwest.”


That has raised the cost of production, as corn used in feed has become more scarce and animals have to rely on pumped water rather than water holes.


“The bottom line is that the beef production system we have used for the last 40 or 50 years depends heavily on the incentive of very cheap grain,” Professor Peel said. “Now we don’t have cheap grain, and we are seeing fundamentally higher production costs that I don’t think are going to go away.”


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What the ‘Bqhatevwr’ Did Scott Brown Tweet?






What do politicians do after losing their re-election bids? Take to Twitter, of course. Former Sen. Scott Brown of Massachusetts has been doing just that.


Brown has been tweeting about his everyday life post-politics, posting blurbs about house chores, football, and his family, but Brown’s tweets are somewhat less refined than those tweeted by his skilled staffers when he was serving in Congress.






On his verified Twitter account on Friday morning, the former senator tweeted about seeing his daughter, Ayla perform at Pejamajo Café in Holliston.


“Yes. Get ready.” The tweet read, but without the finesse of Brown’s tweeting staff, one of his followers misunderstood the message.


“Oh we are. You have no idea how ready #MaPoli is to vote to keep you in the private sector & out of #MASen” @MattinSomerville tweeted back.


Brown responded with a series of three tweets delivered after midnight.


“Your brilliant Matt,” he first tweeted.


“Whatever,” followed.


And finally Brown tweeted, “Bqhatevwr.”


Though he deleted his tweets, “Bqhatevwr” trended on Twitter nearly as quickly as #eastwooding.


The trending typo drew both bipartisan support and mockery. Some taunted the former senator for his late night slip-up, creating Internet memes and “Bqhatevwr” quips, while others defended Brown, saying that he is just an average Joe who committed a typical Twitter faux pas.


But what most Twitter enthusiast failed to recognize what that Brown’s first “Your brilliant” tweet was grammatically incorrect, too.


Also Read
Social Media News Headlines – Yahoo! News





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