Wednesday

Indian landslide kills 10, scores feared trapped


NEW DELHI - Heavy rain triggered a landslide in rural western India that killed at least ten people and trapped up to 150 more after thick mud came crashing down on thatch huts and brick houses on Wednesday, a national disaster official said.

Rescue teams and local residents pulled people out of the deep mud and put them on stretchers, television images showed.

Seven teams of 42 rescue workers each arrived at the disaster site, a village 60 km (37 miles) from the city of Pune, but rain, mud and poor communications hampered efforts, Sandeep Rai Rathore, inspector general of the national disaster force, told Reuters.


Only two residents had been rescued by Wednesday evening, he said.

"The area is quite a difficult terrain," said Rathore, adding that rescuers were trying to determine how many people were caught in the landslide.

"The figure, it could be up to 150."

At least 30 brick houses and thatch huts were badly damaged in the village in the Ambegaon sub-district, he said.

Indian Prime Minister Narendra Modi directed the home minister to rush to Pune to take stock of the situation.

"The Prime Minister has condoled the loss of lives in the landslide, and directed all possible efforts to help the affected people," a government statement said.

Rainy season downpours, though vital for India's agriculture, often bring disaster.

Unprecedented rain in June last year wreaked havoc across India's Himalayan state of Uttarakhand, causing rivers and lakes to burst their banks, inundating towns and villages and killing thousands of people.

Badly managed hydro-power projects were partly to blame for those floods, an environment ministry panel said in April. — Reuters

source: gmanetwork.com

Tuesday

Batman v Superman movie takes Comic-Con by storm


Look it’s a bird! It’s a plane! No, it’s Warner Bros. finally giving DC Comics fans what they wanted to see, and through a surprise reveal to boot!

Throughout the entire weekend of the multi-genre pop culture event that was the San Diego Comic-Con, lucky attendees (and the rest of the world via the Internet) were treated to several teasers and promotional items from studios and brands that have upcoming new comics, movies, toys, and hobby stuff for the coming year and beyond.

Among those participating, of course, were Warner Bros. and DC Entertainment, who showcased some pretty amazing things at Comic-Con, especially as this year marks the 75th Anniversary of their Caped Crusading superhero, Batman.

However, despite setting up an awesome Batman 75 display that even featured a look at the new Cape and Cowl that Ben Affleck will wear as the latest Dark Knight, people were more curious about the progress the studio and director Zack Snyder have made so far with their very ambitious yet highly anticipated superhero film – Batman v Superman: Dawn of Justice.

Throughout the first few days of the convention, the only official update for the movie was a new picture of Affleck as Batman, which made its way online and showed the Argo director and actor wearing the Batsuit and brooding in a close-up promotional image for the movie.

Also, Batman v Superman was not included in the list of movies Warner Bros. had for their panel presentation, which left plenty of fans concerned as to whether there would be updates on the film during SDCC at all.

But when it came time for the WB panel on Saturday, fans around the world finally got their prayers answered at the beginning of presentation.





In an unexpected turn of events, the Batman v Superman: Dawn of Justice logo was shown, and Zack Snyder went on stage to introduce a teaser video for the movie! The short video showcased not only a tease of the epic battle to come between The Dark Knight and The Man of Steel, but it was a near perfect recreation, if not homage, of the fight depicted in Frank Miller’s seminal story "Batman: The Dark Knight Returns", in which The Caped Crusader is fully clad in an armored batsuit to take on his fellow Justice League teammate.

The teaser showed Affleck’s Batman suited up very much the same way, but standing beside a shining Batsignal that lights above a very angry looking Superman, once again played by Henry Cavill. The video then ends as Supes flies straight down to combat Bats, with the crowd raving in thunderous applause and approval.

Aside from a showcase of the World’s Finest, the world also got to see the very first look at Fast & Furious franchise star Gal Gadot as Wonder Woman. Dressed in full battle gear worthy of the character’s name, Gadot looked very much like an Amazon Warrior who’s ready to face anything, and she’ll certainly have her hands full when she fights side-by-side with Affleck’s Batman and Cavill’s Superman, or do something to quell their battle against one another to bring DC’s Trinity together to stand united for the first time in the big screen.



While it was certainly a tease of big things to come, the panel was arguably the best thing about this year’s installment of SDCC more than anything else. Even panel moderator and comedian Chris Hardwick was excited enough to take a selfie with the stars themselves Ben Affleck, Henry Cavill, and Gal Gadot, who were present to just woo the crowd.

However, the team had to leave SDCC soon after to get back to filming the much anticipated sequel to 2013’s Man of Steel right away, but they certainly won over many hearts with what they have shown so far.
 
On a final note and while it hasn’t been released officially by WB on the web, a fan later recreated his version the teaser and posted it online:

Batman v Superman: Dawn of Justice will fly into theaters in May 6, 2016! — JST, GMA News

source: gmanetwork.com



Sunday

NBA considering week-long All-Star break


MIAMI - The NBA is considering extending its annual all-star game break from three days to a full week so players have a longer mid-season rest, the South Florida Sun-Sentinel reported Saturday.

Citing an unnamed NBA source, the newspaper reported that the plan would give players seven days off in mid-February but increase the number of back-to-back games played during the rest of the season by one or two per club.

The newspaper said the league is using the week-long gap model when planning its schedule, which will be released next month after a delay so television partners can adjust to changes such as the blockbuster move of LeBron James from Miami to Cleveland and plan accordingly.

Next year's NBA All-Star Game is set for February 13-15 in New York with events split between the Barclays Center in Brooklyn and Madison Square Garden in Manhattan.

It would actually fall about three weeks beyond the point where most teams reach the halfway mark in their 82-game seasons.

Players have sought a longer mid-season rest, notably the elite stars whose participation in the annual all-star events mean they have no extra rest like the rank and file millionaire NBA talent.

Teams generall have five days off booked into their schedules around the break, some teams starting that period later than others to allow for games every night and time to travel to and from the host city and reconnect with club teammates.

The upcoming NBA season is set to begin October 28 and end on April 15, 2015 with the playoffs to start April 18. — Reuters

source: gmanetwork.com

TV5 backs Paolo Bediones amid alleged sex video scandal


Television network TV5 expressed support for Paolo Bediones amid a sex video allegedly featuring the news anchor and host making the rounds on social media.

"The recent issue involving our news anchor, Paolo Bediones, on social media is a purely personal and private matter in which TV5 has no involvement or desire to intrude," TV5 said in the statement.

"We accord our employees and talents all respect that are due them for their privacy and personal action or decision.

"We disapprove strongly the malicious and wanton publication of the video, an act that clearly violates pertinent cybercrime laws.

"We firmly express our support for our anchor Paolo Bediones in the face of a controversy that represents nothing more than an attempt to smear his reputation."

Bediones' name was a trending topic on Twitter on Saturday because of the spread of a sex video allegedly featuring him and an unidentified woman.

Efforts to contact Bediones through his manager Noel Ferrer went unanswered.

Last week, reporter Alex Brosas of tabloid Bandera noted that there were industry rumors that Bediones had a video that was making the rounds online. — JST, GMA News

source: gmanetwork.com

Friday

Child siblings may influence each other’s obesity risk


NEW YORK - Brothers or sisters might have a greater influence than parents on a child’s likelihood of being obese, suggests new US research.

The study, based on data from the larger national Family Health Habits Survey, found that kids with obese parents were about twice as likely to be obese themselves, but having an obese sibling raised a child’s risk of obesity five-fold or more in some cases.

“When you look at a two-child family, a child's obesity status was more strongly related with their sibling than with their parent,” said Mark Pachucki, a researcher with the Mongan Institute for Health Policy at Massachusetts General Hospital in Boston, who led the analysis.

Past research has shown that parents’ obesity, health habits and the environment they create in the household can all influence whether their kids will be obese, Pachuki and his colleagues note in the American Journal of Preventive Medicine.

But little is known about how siblings affect one another. If brothers and sisters do have more influence on obesity than parents, then they need to be factored into obesity prevention efforts, the authors write.

“This is really the first project to come out the bigger study, in which we are actually merging about 10 years of families’ food purchases with information about their health,” Pachucki said.

For this part of the study, Pachucki and his colleagues focused on participating families with one or two children that had provided information about height and weight for all family members.

A total of 1,948 families were included in the analysis: 1,141 with a single child and 807 families with two children.

The researchers looked at eating and exercise patterns in all the families and used height and weight information to categorize participants as either obese or not obese.

About 12 percent of only children were obese, according to the results, almost a fifth were not physically active and more than a third ate fast food at least two times per week.

The patterns were similar in two-child households, but only 8 percent of the older children were obese compared to 12 percent of their younger siblings.

“We looked at one-child and two-child households, and in one-child households having an obese parent made a child more than twice as likely to be obese themselves,” Pachucki said.

Higher intake of fast food by parents was also associated with greater odds that an only child would be obese, but the risk of obesity was reduced when those kids participated in vigorous physical activities.

In two-child families, having an obese brother or sister was associated with a risk that was more than five times greater than if the sibling was not obese.

In two-child families, the impact of parental obesity on an older sibling was the same as on an only child—approximately doubling the risk—but among younger siblings there was no association between the parent’s and child’s risk of obesity.

The researchers also found that if the two children were of the same gender, the older sibling's obesity was even more strongly linked to obesity in the younger child.

Younger girls with an obese older sister were more than 8 times more likely to be obese than girls whose older sister was not obese, and younger boys with an obese older brother were 11 times more likely to be obese.

“Parents are often very explicit models of behavior; they do the food purchasing, and they control a lot of aspects of their children’s lives,” Pachucki said. “I was expecting there to be a stronger correlation with parents’ obesity, but I was surprised that the siblings were stronger.”

Among other limitations, the study looks at a snapshot in time and cannot prove that the siblings are influencing each other, or how that effect might be transmitted.

However, Pachucki said, “Older siblings especially can be very persuasive. I think younger siblings look up to their older siblings—and older children generally—as different kinds of role models and I think that's probably the best mechanism that we have to explain what we found.”

“Examining sibling influences on weight-related behaviors is important because sibling relationships are the longest lasting relationships, in terms of life expectancy, and thus they may have the most sustained influence on a child's weight and weight-related behaviors over the lifespan,” said Jerica Berge, who was not involved in the study.

“While it's important to take into account the limitations of this study, the findings are interesting and support the need for more family-based childhood obesity interventions,” said Berge, a researcher at the University of Minnesota Medical School, who studies the influence of family members on obesity. said.

As an example, she said, it may be useful to include siblings in setting family goals around health behaviors, or at least including the influence of the sibling in the conversation when setting health behavior goals.

“Using a true family-based approach in childhood obesity interventions will increase the likelihood that child health behavior change will be sustainable, given the child spends a large amount of time with their sibling and are highly influenced by them,” Berge said. —Reuters

source: gmanetwork.com

US stocks: Dow little changed; S&P 500 inches to record


NEW YORK - Wall Street stocks Thursday finished little changed with the S&P 500 inching to a new record following mixed US economic data and a flood of corporate earnings.

The Dow Jones Industrial Average slipped 2.83 points (0.02 percent) to 17,083.80, while the tech-rich Nasdaq Composite Index dropped 1.59 (0.04 percent) to 4,472.11.

The broad-based S&P 500 rose 0.97 (0.05 percent) to 1,987.98, creeping up to a record for the second day in a row.

Sales of new single-family houses fell 8.1 percent in June to an annual pace of 406,000, the Commerce Department said.

On the positive side, new claims for US unemployment insurance benefits slid to an eight-year low last week, dropping 19,000 to 284,000, the Labor Department reported.

Facebook surged 5.2 percent after earnings more than doubled to $791 million. But General Motors tumbled 4.5 percent as second-quarter profit slumped 85 percent to $190 million following a hefty charge for recalls.

Caterpillar fell 3.1 percent as it lowered its 2014 revenue forecast to a range of $54-$56 billion from the previous projection of $56 billion. The company cited a weaker outlook for construction in China, the Commonwealth of Independent States region made up of ex-Soviet countries and Africa/Middle East.

Athletic attire maker Under Armour shot up 14.7 percent after increasing its 2014 profit and revenue forecast following a 34 percent surge in second-quarter revenue to $619 million.

Other companies that reported earnings included American Airlines (-2.7 percent), Bristol-Myers Squibb (+0.3 percent), Celgene (-3.3 percent), Ford Motor (+0.3 percent), Hershey (-1.8 percent), Starwood Hotels and Resorts Worldwide (-5.5 percent), Qualcomm (-6.7 percent) and United Continental (-2.4 percent).

Wal-Mart Stores dipped 0.8 percent as it announced it was replacing Bill Simon as head of its US division with Greg Foran, currently head of Walmart Asia.

Online real estate company Zillow vaulted 15.3 percent higher on a report it wants to buy rival Trulia. Trulia bolted up 32.4 percent.

Bond prices fell. The yield on the 10-year US Treasury rose to 2.51 percent from 2.46 percent Wednesday, while the 30-year increased to 3.30 percent from 3.26 percent. Bond prices and yields move inversely. — Agence France-Presse

source: gmanetwork.com

Tuesday

Lakers bring back Nick Young


The Los Angeles Lakers officially re-signed guard Nick Young to a multi-year contract, the team announced Monday.

Terms were not released, but the Los Angeles Times reported previously that Young agreed to a four-year, $21.5-million deal.

Young had a career year in 2013-14 after originally signing with the Lakers as a free agent in July 2013. The Los Angeles native averaged a career-high 17.9 points in his first season with the Lakers.

The Lakers also re-signed free agent forward Ryan Kelly. In 2013-14, his rookie NBA season, the 23-year-old Kelly averaged 8.0 points, 3.7 rebounds and 1.6 assists in 22.2 minutes per game, and started 25 contests while appearing in 59 total games. — Reuters

source: gmanetwork.com

Monday

India’s demonized mothers-in-law get bad rap in new book


NEW DELHI - Young Indian women fear and loathe her. Soap operas showcase her iron-fisted rule. And sociologists spend hours debating the torment she is accused of unleashing across the country.

Mothers-in-law have long been demonized and parodied all over the world. But they have an especially fearsome reputation in India, where stories of bitter and abusive struggles with their daughters-in-law abound.

According to a new book, relationships between mothers-in-law and their son's wives have never been more dysfunctional in India, where it says rapid modernization has collided with staunch family traditions.

"It's a phenomenon that started around the year 2000 and has been building ever since," said Veena Venugopal, author of "The Mother-in-Law: The other woman in your marriage."

"This is the worst generation for mother and daughter-in-law conflict," she told AFP.

Women, especially in isolated, rural India, have historically married young and joined their husband's family under one roof—where they were placed at the bottom of the pile and often relegated to performing household chores.

India's economic liberalization in the 1990s brought double-digit growth coupled with social progress that allowed legions more women to pursue higher education and a career in cities.

Like their peers in the Western world, these middle-class urban Indian women have also started delaying marriage and having fewer children.

But such social changes are often not accepted by their mothers-in-law many of whom are stuck in a different age, Venugopal argued.

"Daughters-in-law are more educated and have more options and want to make more decisions for themselves and yet they are trapped in these marriages," said Venugopal, an editor at The Hindu Business Line newspaper.

The book details 11 cases of middle-class women across the country and their relationships with their husband's families.

One bride, a television journalist, was forced to hand over her salary every month to her mother-in-law who also forcibly took charge of bringing up her two young children.

She was never allowed to sit on a couch, chair or bed, only a concrete surface in the home that she shared with her husband's extended family, for whom she was expected to cook and clean after finishing her day job.

"These are people you come across in your professional life and never imagine that they live such traumatized lives behind closed doors," Venugopal said.

Men 'do nothing' to resolve conflict

Venugopal, whose book was published by Penguin in May, said she hoped to kickstart a national debate about the changing roles of husbands, wives and their families which remain cornerstones of Indian society.

"I also hope that men feel slightly embarrassed about all this and get into the act. Most do nothing to resolve these conflicts, their way of dealing with it is to ignore it," she said.

For generations, boys have been favoured over girls who are less likely to receive a decent education, medical care and even food, according to governments and research groups.

Men, considered the bread winners, wield the power while the women are married off.

"The daughter traditionally is never part of the house because she is something to be gifted away," said New Delhi-based social scientist Shiv Visvanathan.

"We are a deeply patriarchal society."

Numerous soap operas on Indian television show the domineering mother-in-law battling with her younger, prettier daughter-in-law who always loses the fight over money, her husband, food and space in the home.

The shows have long been wildly popular particularly among women, many of whom can sympathise with the struggles and torments being played out on screen, Visvanathan said.

"It's very therapeutic for them."

Venugopal argued that such dysfunctional relationships appear to be passing from one generation to the next. Instead of bonding with her son's bride, the mother-in-law seizes the chance to unleash her own kind of repression and anger.

"The mother-in-law herself has been a repressed daughter-in-law. She has waited 20 years for the chance to be the powerful one in a relationship," she said.

Unfairly demonized

Not surprisingly, mothers-in-law reject the bad rap detailed in the book and are fighting back against such negative stereotyping.

Neena Dhulia said a string of laws have been introduced to protect daughters-in-law from dowry-related and other abuses, which in turn are being misused to help them obtain divorces and persecute mothers-in-law.

"Women these days are better educated. They know how to manipulate these laws," Dhulia said.

"Women are also very independent [these days], they have no tolerance and they have high ambitions."

"For them, it's as easy as ordering pizza. They ring up, file a complaint and the mother-in-law is arrested," she told AFP.

Dhulia runs a forum in southern Bangalore and other several cities for mothers-in-law who are being victimized by their families, a service that attracts 15 to 20 phone calls a week.

"We have spent 30 to 35 years taking care of our children. Are we really demons or monsters?" she said. — AFP

source: gmanetwork.com

Saturday

Defending champ Mickelson stays in touch despite curate's egg of a round


Phil Mickelson tried to accentuate the positives despite a chequered British Open second round on Friday that featured "a terrible putt," a "couple of loose shots" and a lost ball.

The defending champion is safely through to the weekend on level-par 144 although his two-under round of 70 was something of a curate's egg of a performance - good in parts, horrible in others.

"I played really well today but there were a couple of loose shots," Mickelson told reporters on a boiling hot day at Royal Liverpool. "I ended up giving four or five shots away.

The long 10th hole summed up the American left-hander's display as he lost his ball off the tee before striking a sumptuous fourth to six feet to salvage his par five.

Mickelson conjured another brilliant stroke at the 17th but failed to take advantage on the green.

"I hit such a great shot to that pin," he explained. "I had to hook a five-iron into a direct slice wind, ran it to four feet and hit a terrible putt."

The five-times major winner said the weather conditions would now dictate if he still had a chance to make a successful defense of his title.

"I wanted to get to level-par so that putt on 18 was big," added Mickelson after ending his round with a birdie four.

"If the wind stays up I'm still in the tournament but I have a feeling the conditions will be softer this afternoon and if that's the case I will be a long way back."

The forecast is not good for Saturday and that is when Mickelson fancies his chances of climbing the leaderboard.

"There are going to be a lot of scores of five, six and seven over par," he said. "If I can shoot something under par I'll be right in it for Sunday."

Mickelson said he tried to provide some comfort to playing partner Ernie Els when the South African drove his tee shot into the face of a spectator in Thursday's first round and left him covered in blood.

"I tried to say, 'Look you can't worry about that...I do that all the time'," he added to roars of laughter.

"But it didn't help I guess."

Double British Open champion Els was unable to rally from the first-hole calamity, ballooning to rounds of 79 and 73 to miss the cut. - Reuters

source: gmanetwork.com

Friday

Interactive Google doodle marks Mandela’s 96th birth anniversary


An interactive doodle celebrating the life of former South African President Nelson Mandela served as Google's tribute to the anti-apartheid symbol on Friday.

Visitors to Google's homepage were greeted with an image of Mandela, with a button that features quotes from Mandela when clicked.



The quotes included:

"No one is born hating another person because of the color of his skin or his background or his religion."

"People must learn to hate and if they can learn to hate they can be taught to love for love comes more naturally to the human heart than its opposite."

"What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead."

"Education is the most powerful weapon which we can use to change the world."

"For to be free is not merely to cast of one's chains, but to live in a way that respects and enhances the freedom of others."

"The greatest glory in living lies not in never falling, but in rising every time you fall."

Clicking on the spyglass beside the doodle takes the visitor to a Google Search Results page for Nelson Mandela.

Mandela was born in 1918 in the eastern Cape of South Africa. He was jailed for fighting apartheid and eventually freed. He served as South African president from 1994 to 1999.

He died last Dec. 5. — Joel Locsin /LBG, GMA News

source: gmanetwork.com

One of the world's top AIDS experts died on MH17


MELBOURNE, AUSTRALIA - An influential Dutch AIDS expert was among the 298 passengers on a Malaysian airliner that was shot down over Ukraine, along with others who were headed to an international AIDS conference in Melbourne, an Australian associate said on Friday.

Joep Lange, who spent more than 30 years researching and fighting HIV and AIDS, was known for advocating cheap access to treatments in poor countries.

"Joep had an absolute commitment to HIV treatment and care in Asia and Africa," said David Cooper, a professor at the Kirby Institute at the University of New South Wales, who worked closely with Lange on an HIV research project in Bangkok.

"The joy in collaborating with Joep was that he would always bring a fresh view, a unique take on things, and he never accepted that something was impossible to achieve," Cooper said in a statement.

Australian Foreign Minister Julie Bishop said a number of people on Malaysia Airlines Flight MH17 were on their way to the 20th International AIDS Conference.

The conference, due to start on Sunday in Melbourne, features former U.S. President Bill Clinton among its keynote speakers.

As many as 100 attendees were on the doomed flight, Fairfax Media reported, including Lange, a former president of the International AIDS Society which organises the conference.

"At this incredibly sad and sensitive time the IAS stands with our international family and sends condolences to the loved ones of those who have been lost to this tragedy," Chris Beyrer, president elect of conference organiser the International AIDS Society (IAS), told reporters in Melbourne.

"The IAS has also heard reports that among the passengers was a former IAS president, Joep Lange, and if that is the case, then the HIV/AIDS movement has truly lost a giant," he said.

Lange, a professor of medicine at the Academic Medical Center at the University of Amsterdam, pioneered development of affordable combination therapies to treat HIV and simple antiretroviral drug treatments to prevent transmission of HIV from mothers to their babies in poor countries.

He was also scientific director of the Amsterdam Institute for Global Health and Development. Institute officials were not immediately available to comment.

Lange was traveling with his partner, Jacqueline, the Kirby Institute said.

Australian Prime Minister Tony Abbott pointed the finger at Russia over the disaster and said the perpetrators must be brought to justice.

"This is a grim day for our country and it's a grim day for our world. Malaysian Airlines MH17 has been shot down over the eastern Ukraine, it seems by Russian-backed rebels," Abbott told parliament. — Reuters

source: gmanetwork.com

Johnny Winter, legendary blues guitarist, dies at 70 during European tour


GENEVA — Texas blues icon Johnny Winter, who rose to fame in the late 1960s and ‘70s for his energetic performances and musical collaborations including with childhood hero Muddy Waters, has died. He was 70.

His representative, Carla Parisi, confirmed Thursday that Winter died in a hotel room in Zurich a day earlier. The statement said his wife, family and bandmates were all saddened by the loss of one of the world’s finest guitarists.

He had been on an extensive tour this year that brought him to Europe. His last performance came Saturday at the Lovely Days Festival in Wiesen, Austria.


Winter was one of the most popular live acts of the early 1970s, when his signature fast blues guitar solos attracted a wide following.

His career received a big boost early on when Rolling Stone magazine singled him out as one of the best blues guitarists on the Texas scene. This helped secure a substantial recording contract from Columbia Records and gave him a wide following among college students and young blues fans.



 The magazine later named him one of the 100 greatest guitarists of all time.

Winter, who was instantly recognizable for his long white hair, worked with some of the greatest bluesmen, producing several albums for Waters and recording with John Lee Hooker. He paid homage to Waters on “Tribute to Muddy,” a song from his 1969 release “The Progressive Blues Experiment.”
FILE PHOTO Paul Natkin/WireImage Winter is pictured during a Feb. 1984 stop in Chicago.

Among the blues classics that Winter played from that era were “Rollin’ and Tumblin’,” “Bad Luck and Trouble” and “Good Morning, Little Schoolgirl.” He also teamed up with his brother Edgar for their 1976 live album “Together.”

source: nydailynews.com

Morgan Stanley profit more than doubles, beating estimates


Morgan Stanley's second-quarter income more than doubled, helped by rising revenue in its retail brokerage business as it won more assets to manage from clients without adding brokers, the investment bank said on Thursday.

Onetime gains from a tax break and the ending of a joint venture with Citigroup C.N in wealth management gave the bank its biggest income gains for the quarter. But, even excluding those items, the bank posted better results in businesses including merger advisory, stock and bond underwriting and investment management. The bank's results beat average forecasts.

Its shares edged down 0.4 percent to $32.36 at midday.

Morgan Stanley has been reshaping its business after coming uncomfortably close to failing during the financial crisis. The second-largest stand-alone investment bank after Goldman Sachs Group Inc GS.N, long a powerhouse in areas like bond trading and commodities trading, has been increasing its reliance on its retail brokerage and investment management businesses.

These businesses tend to generate more stable earnings and are less likely to unravel during market calamities. Investment management and retail brokerage would typically account for about 30 percent or 40 percent of the bank's revenue a quarter in 2007, but in the second quarter of 2014 accounted for more than 50 percent.

In the second quarter, retail clients' assets rose $59 billion to $2 trillion, due in part to clients bringing money to the bank. Morgan Stanley managed to win those assets without expanding its broker force; the bank had 16,316 financial advisers at the end of June compared with 16,321 in the same quarter last year.

Revenue from wealth management rose 5 percent to $3.72 billion from the year-ago quarter.

Overall, net income for shareholders rose to $1.86 billion, or 94 cents per share, in the second quarter from $803 million, or 41 cents per share, in the same quarter last year.

According to adjusted figures calculated by Thomson Reuters I/B/E/S, the company earned 60 cents per share, beating the average analyst estimate of 55 cents.

Morgan Stanley's shares were up 0.3 percent at $32.60 late Thursday morning. Up to Wednesday's close, the stock had risen 3.6 percent since the start of the year, just outperforming the KBW Bank Index.

The quarter included a $609 million tax benefit. The bank also received 100 percent of the income from its wealth management business during the quarter. In the second quarter of 2013, it shared that income with Citigroup, its joint venture partner. Morgan Stanley bought out Citigroup's remaining 35 percent stake in wealth management on June 28, 2013.

Revenue from fixed-income, currency and commodity trading fell 12.3 percent to $1 billion as a lack of volatility discouraged trading during the quarter. Those results exclude accounting adjustments linked to the value of the company's debt.

That decline is about in line with what rivals, including Goldman Sachs Group Inc GS.N, JPMorgan Chase & Co JPM.N and Citigroup Inc C.N, have posted this week for the second quarter.

Morgan Stanley, ranked No. 2 globally in mergers-and-acquisitions, benefited from a strong equities market in the quarter. Advisory revenue rose 26 percent to $418 million.

Separately, Chief Financial Officer Ruth Porat said in an interview that management does not believe that U.S. sanctions announced on Wednesday against Russian oil company Rosneft ROSN.MM would affect a deal between the two companies.  — Reuters

source: gmanetwork.com

Thursday

Hello Kitty designer defends cute character as cat turns 40


HONG KONG - The flamboyant designer of Japanese cartoon and global mega-brand Hello Kitty defended the cute cat against new rivals Thursday as the character prepares to celebrate her 40th birthday.

Speaking on the sidelines of the Hong Kong Book Fair, Yuko Yamaguchi took the concept of life imitating art to another level, wearing a Kitty-style strawberry dress with dyed auburn hair piled into two buns topped with a red ribbon—the cat's signature accessory.

As Kitty enters her next decade, she faces increasing competition from more cutting-edge cartoons like Brown and Cony, the bear and rabbit mascots of Tokyo-based messaging app LINE, which has taken Asia by storm in recent months.

But Yamaguchi insisted Kitty would cope with growing older in a digital age.

"There are new cartoon characters that are coming out daily... [but] I think Hello Kitty is the only one that can adapt to the changes in the world," Yamaguchi said.

The moon-faced mouthless white cat first appeared in 1974 on a coin purse in Japan and has since built up a worldwide fanbase, appearing on everything from handbags to sex toys.

Her image is licensed by Japanese company Sanrio, which says on its website that it makes more than US$5 billion dollars in retail sales each year. Hello Kitty is its flagship brand.

Yamaguchi, at the Hong Kong fair to tie in with its new Japan Pavilion, has been the lead designer of Hello Kitty since 1980 and promotes herself as the character's best friend.

"She is very motivated and open and wants to face the future," she says of the character.

There are plenty of detractors of Hello Kitty's sweetness—entire blogs are dedicated to tearing down the cute icon, with online spoofs depicting her like a horror movie character.

But Yamaguchi insists her appeal can endure.

"There are already three generations of fans that like Hello Kitty, so I hope that there will be more fans like that in the future, like people in a family loving Hello Kitty together," she said.

The main Hello Kitty 40th birthday celebrations will take place later this year, including the first ever fan convention, hosted in Los Angeles at the end of October. Agence France-Presse

source: gmanetwork.com

Tuesday

Wall St. opens higher, investors look to Yellen


NEW YORK - US stocks opened higher on Tuesday, boosted after earnings from JPMorgan and Goldman Sachs, though investors were looking ahead to testimony from U.S. Federal Reserve Chair Janet Yellen.

The Dow Jones industrial average rose 46.69 points or 0.27 percent, to 17,102.11, the S&P 500 gained 2.95 points or 0.15 percent, to 1,980.05 and the Nasdaq Composite added 6.92 points or 0.16 percent, to 4,447.34.

Shares of Goldman rose 1.5 percent to $169.67 while JPMorgan rose 3.8 percent to $58.41. — Reuters

source: gmanetwork.com

Monday

Working iPhone 6 knockoffs already hit the market


Fakers seem to have beaten Apple to the punch, with fully-functional iPhone 6 knockoffs hitting the streets in China long before the phone's official launch.

Enthusiast site 9to5mac.com cited photos by French blog NowhereElse.fr showing "working" iPhone 6's—or at least phones that look like the upcoming iPhone 6—online.

Apple is expected to announce the real iPhone 6 in September, with the new iPhones expected to have larger 4.7 and 5.5-inch displays, it added.

The site said the clones appeared to use the rumored specification and schematics of the actual iPhone 6, "but obviously use off-the-shelf internals and don’t run iOS."



It speculated the knockoffs may be running a version of Google's mobile operating system Android, plus a skin that makes it look like iOS 7.

"The Google Play store is already full of iOS 7 Home Screen and app clones," it said. — Joel Locsin/TJD, GMA News

source: gmanetwork.com

Goetze is Germany's wonder boy, says coach Loew


Germany forward Mario Goetze, who plundered the extra-time winner in the World Cup final against Argentina, is a wonder boy with immense qualities, coach Joachim Loew said on Sunday (Monday, PHL time).

Substitute Goetze, who until the final had had a disappointing tournament, struck the only goal seven minutes before the end of extra time to clinch Germany's fourth World Cup.

"I told him 'you go out there and show the world that you are better than (Argentina captain) Lionel Messi and that you can decide the game tonight'," Loew told reporters.

Four-times world player of the year Messi was looking for a first World Cup victory that would place him among the world's greatest players.

But Goetze stole the show.

"That's what I told him and I had a good feeling," said Loew, who brought on the attacking midfielder two minutes before the end of normal time for striker Miroslav Klose.

The 22-year-old paid back his coach's trust, volleying in his second goal of the tournament after spending the past few games on the bench.

"Goetze is a wonder boy who has these immense abilities, this outstanding skill," Loew said. "He can always decide a game and he scored a great goal today."

For man-of-the-match Goetze, it had not been an easy tournament after initially failing to live up to expectations.

One of Germany's most talented and promising players, he scored in the group game against Ghana but then was not used much.

"It was not an easy year, not an easy tournament for me," said the softly-spoken Goetze.

"But I am just happy that the team won this title with me. I kept training with the team and every player here deserves it," said Goetze. - Reuters

source: gmanetwork.com

World Cup: Germany not expecting any more Argentine gifts


Germany have been given a helping hand by opponents Argentina in beating them at the last two World Cups but they do not expect any more South American gifts in Sunday's (Monday, PHL time) final at the Maracana.

Their 2006 quarter-final win came after Argentina took a second-half lead but then replaced playmaker Juan Roman Riquelme with the more defensive Esteban Cambiasso while Lionel Messi was kept on the bench.

Germany seized the initiative, drew level and then won on penalties amid huge criticism of Argentina coach Jose Pekerman.

Four years ago, Germany took advantage of Diego Maradona's coaching naivety and cavalier approach as they tore the Argentines apart 4-0 again in the last eight.

Germany coach Joachim Loew and his opposite number Alejandro Sabella agree that Argentina have progressed since then.

"Our team is more conservative than four years ago, we are looking to triumph via a different path," Sabella told reporters on Saturday. "The teams are different although most of the players are the same.

"We'll give our all as always, with sacrifice, humility, hard work, being down to earth, giving before receiving, protecting one another, so that Argentina can be a champion again. We will do our best. More than that we cannot do."

ATTACKING POWERS

Loew said that Argentina were much more than Messi.

"They have other attacking powers like Sergio Aguero, Angel Di Maria. This team does not live solely on Messi. They have a good compact organisation, better than in 2010," he said.

"They can pressure opponents with their first line of attack early on, but they also sometimes fall back, and what is also one of their strengths - through defending and ball possession they bring Messi, Di Maria and Aguero quickly into the game."

"They can be behind the ball with eight or nine and then launch quick attacks."

Germany will be trying to win the World Cup for the fourth time, and also become the first European team to win the title in South America, while Argentina are aiming for a third crown.

The teams have already met in two finals with Argentina winning in 1986 and Germany getting revenge four years later.

Despite being among the most successful sides in their respective continents, neither team has won a trophy recently.

Germany's last success was at Euro 96 in England while Argentina won the 1993 Copa America in Ecuador.

Germany are favorites, having hammered Portugal 4-0 in the group stage and Brazil 7-1 in the last four, while Argentina managed five successive single-goal wins before edging past the Netherlands on penalties in Wednesday's semi-final. - Reuters

source: gmanetwork.com

Sunday

Ramones punk band co-founder Tommy dies at 65


Tommy Ramone, the drummer and last surviving original member of the American punk band the Ramones, whose aggressive and fast-driving songs spearheaded the punk-rock movement, has died at the age of 65, an associate said on Saturday.

The death was confirmed by Dave Frey, Director at Ramones Productions, the company that controls the band's copyright. Frey declined to provide additional information.

Born Thomas Erdelyi in Budapest, Hungary, Ramone was the co-founder of the band and its drummer from 1974 to 1978. He was the last surviving member of its original quartet, who adopted pseudonyms ending with the surname "Ramone".

The New York band, with mops of long hair, black leather jackets, torn jeans and sneakers, had limited chart success but deeply influenced scores of musicians who would go on to form bands such as the Clash, the Sex Pistols, Nirvana and Green Day.

They were seen as masters of minimalist, under two-and-a-half minute tunes played at blistering tempo, such as "Blitzkrieg Bop", "I Wanna be Sedated", "Rockaway Beach," and "Sheena is a Punk Rocker."

The band's style, anchored by Tommy's frenetic drumming, was partly a reaction against the bloated, and heavily produced rock music of the mid-1970s.

Inducted into the Rock and Roll Hall of fame in 2002, the Ramones eponymous first-album revitalized the rock scene.

"The Ramones got back to basics: simple, speedy, stripped-down rock and roll songs. Voice, guitar, bass, drums. No makeup, no egos, no light shows, no nonsense," the Rock and Roll Hall of Fame said on its website.

HEY HO

"They are heard everywhere. At every sporting event you hear 'Hey, ho, let's go!,'" Frey said, citing lyrics from "Blitzkrieg Bop". "They connected in a big way."

Frey called Tommy last month to tell him their debut record had reached gold status and said "he was thrilled. He couldn't believe it," Frey said.

The Ramones performed 2,263 concerts between their formation in 1974 and final show in 1996. They released 21 studio, live and compilation albums over a 20-year period, the Rock and Roll Hall of Fame said.

Guitarist Johnny Ramone, born John Cummings, died of prostate cancer in 2004. Singer Joey Ramone, born Jeff Hyman, died of lymphoma in 2001. Bassist Dee Dee Ramone, born Douglas Colvin, died the following year of a heroin overdose.

Tommy, who acted at various times also as a songwriter, producer, and engineer, died at 12:15 p.m. local time at his home in Queens, New York, according to a statement on Facebook from New York Rocker Magazine publisher Andy Schwartz.

Ramone had been in hospice care following treatment for cancer of the bile duct, and is survived by Claudia Tienan, his partner of 40 years, and other family members including nephews Eric and David, Schwartz said.

In recent years, Tommy and Tienan performed and recorded as the indie-acoustic country and bluegrass duo Uncle Monk, Schwartz said.

In high school, Tommy played guitar in a group called Tangerine Puppets that also included Ramones guitarist Johnny Ramone on bass and trained as a recording engineer and assisted on various New York sessions, including with Jimi Hendrix in 1969, Schwartz said. -- Reuters

source: gmanetwork.com

Friday

Sizzling Johnson in early tie for John Deere lead


Former champion and 'local' favorite Zach Johnson charged into a share of the early lead with a sizzling, bogey-free display in Thursday's (Friday, PHL time) opening round of the John Deere Classic in Silvis, Illinois.

Winner of the PGA Tour event in 2012, the 38-year-old fired an eight-under-par 63 in ideal scoring conditions at the TPC Deere Run to end the round level with fellow American Brian Harman and South African Rory Sabbatini.

Johnson, with his driving and renowned short game in sparkling order, covered his outward nine in an explosive six-under 30 to raise thoughts of a possible 59 but he picked up just two more shots after the turn.

American Todd Hamilton, surprise winner of the 2004 British Open held at Royal Troon, and Australian Steve Bowditch opened with 64s while Zimbabwe's Brendon de Jonge and American Kevin Tway carded 65s.

Johnson, who was born just 90 miles away in Cedar Rapids, Iowa and has recorded top-three finishes in four of his last five starts in his "hometown" event, was delighted with his opening round.

"Extremely pleased," the 11-times PGA Tour winner told Golf Channel. "The word of the day for (his caddie) Lance (Bennett) and me was opportunity and I had a lot of opportunities.

"I missed just three greens but I putted on two of them. So I put myself into position to make birdies, I put myself into position basically to eliminate the big numbers, certainly even a bogey.

"Everything was really solid," said Johnson. "I drove it great, a couple of iron shots I'd like to have back but nothing significant. I actually had a couple more putts that could have dropped but I'm not complaining."

Asked whether he had thoughts of shooting a 59 after getting to eight under after 11 holes, Johnson replied: "It hit me. I'm like, 'How many holes have we played, how many under am I?' That kind of thing.

"But over shots and in the routine of shots - nothing. I hit a lot of really, really good shots that ended up probably 20, 25 feet away but this course, you've got to respect it.

"There are some (pin) placements out there where it's hard to be aggressive at. I had some (birdie) looks certainly on eight and five that came up a little bit curvey. But, for the most part, it was really solid."

American Jordan Spieth, who won last year's John Deere Classic in his rookie season to become at 19 the youngest player to triumph on the PGA Tour since 1931, was among the late starters on Thursday. - Reuters

source: gmanetwork.com

Thursday

Skype brings voice messaging, profiles to iPhone


Good news for Skype users with iPhones: the Microsoft-owned videoconferencing app has brought back voice messaging support and profiles in its latest update.

In a blog post, Microsoft said Skype 5.2 for iPhone picks up from where version 5.1 left off, adding more features its users need.

These include:

Voice message support: A new voice message will show up in the conversation. To listen, just press play. 

View contact profiles: Tapping on any contact in the people list and selecting profile from the “…” menu, and a contact’s mood message, Skype name, birthday, location and more will be available.

Add participants to existing conversations


However, Skype said the updated app will need iOS 7 or later. — Joel Locsin/TJD, GMA News

source: gmanetwork.com

Tuesday

No action against Zuniga for Neymar tackle-FIFA


Colombia defender Juan Camilo Zuniga will not be punished for the tackle on Neymar that left the Brazil striker with a broken bone in his back and forced him out of the rest of the World Cup.

After investigating the incident from Friday's quarter-final, won 2-1 by Brazil, FIFA's Disciplinary Committee ruled on Monday that no retrospective action could be taken.

In a statement, soccer's world governing body said their own rules prevented them reopening the case because the incident had already been dealt with by the referee on the pitch.

"After an analysis of the matter and the extensive submission and documentation received from the CBF (Brazilian Football Confederation), the chairman came to the conclusion that the FIFA Disciplinary Committee cannot consider this matter in light of the conditions outlined in the FIFA Disciplinary Code (FDC) for the Disciplinary Committee to be able to intervene in such a situation," the statement read.

"In particular, in this specific case, no retrospective action can be taken by the FIFA Disciplinary Committee, since the incident involving the Colombian player Juan Camilo Zuniga Mosquera did not escape the match officials..."

FIFA also said it could not consider Brazil's appeal against captain Thiago Silva's yellow card that will keep him out of Tuesday's World Cup semi-final against Germany. The governing body said there was "no legal basis" to grant such a request.

The defender was booked against Colombia for blocking keeper David Ospina as he was taking a kick, and as it was his second of the tournament he was automatically suspended.

NEYMAR DISAPPOINTMENT

FIFA, in a break from its standard formal statements, expressed its disappointment that Neymar - one of the host nation's most popular and charismatic players - had been ruled out of the World Cup because of the injury.

But FIFA said the extent of the injury and the profile of the player involved could not have any bearing on their disciplinary rules.

"It is important to note that the conditions by which the FIFA Disciplinary Committee can intervene in any incident have to be considered independently of the consequences of that incident, such as an unfortunate injury suffered by a player," FIFA said.

"Finally, as a general remark, FIFA and the FIFA Disciplinary Committee regret any incidents occurring on the pitch that in particular have a negative impact on the health of players.

"We wish Neymar a prompt and complete recovery as we wish the same for all players who have sadly been ruled out of the World Cup through injury."

Neymar's premature exit from the World Cup has provoked a mixture of shock and anger in the samba nation.

Brazilian television stations interrupted their normal programming on the weekend to broadcast live shots of Neymar leaving the team's training base on a helicopter while Brazil President Dilma Rousseff sent the injured player a letter.

The initial shock over Neymar's injury quickly turned to fury as the collision with Zuniga was further scrutinized.

Neymar was carried off the field in tears, and later diagnosed with a fractured vertebra, when Zuniga came rushing in from behind and kneed the Brazilian striker in the back.

Zuniga was not booked over the incident and sent a personal note to Neymar explaining that it was an accident but not everyone agreed with his version of events with former Brazil striker Ronaldo calling it an "evil" tackle. - Reuters

source: gmanetwork.com

Ex-Soviet minister and Georgia leader Shevardnadze dies


TBILISI  - Eduard Shevardnadze, a former president of Georgia and Soviet foreign minister, died on Monday after a long struggle with illness, his personal assistant said.

Shevardnadze, who was 86, played a vital role in ending the Cold War as Soviet foreign minister, and went on to lead his native Georgia in the stormy early years after independence before being ousted in street protests.

The last Soviet president, Mikhail Gorbachev, expressed sorrow over the passing of a "friend", hailing him as an "extraordinary, talented person" who had done much to bring down the Berlin Wall and end the nuclear arms race.

"He was always quick to find a way of connecting with different people - with youngsters and the older generation. He had a bright character, a Georgian temperament," he said, referring to Shevardnadze's passionate nature.

Russian President Vladimir Putin offered his condolences to his "family, as well as the Georgian people".

Shevardnadze's assistant, Marina Davitashvili, told Reuters he had died after a long illness and said he had died at midday local time.

Loved by some but hated by others in his native Georgia after bringing stability but failing to tackle widespread corruption, Shevardnadze rarely ventured out of his hill-top residence during his last years.

As foreign minister under Gorbachev, Shevardnadze oversaw the thaw in relations with the West before the Berlin Wall came down and the communist Soviet Union was dismantled.

He was one of the intellectual fathers of "perestroika" (restructuring), the reform policy which Gorbachev said was conceived during a stroll along the shores of the Black Sea with his Georgian comrade.

In a sign of that controversial legacy, a Russian Communist Party official suggested Shevardnadze had been disloyal and must take some of the blame for the Soviet Union's collapse. "Of course he is a historic figure, but he belongs to that set of people who will go down in history as the destroyers of the Soviet Union, pandering to Western efforts to do so," the party's deputy head Ivan Melnikov said in a statement.

After the end of the Soviet Union, Shevardnadze returned to Georgia to become president and brought some stability to the republic after a period of anarchy, when protesters toting Kalashnikovs prowled the streets.

He was toppled in the country's 2003 Rose Revolution when Mikheil Saakashvili took over the presidency, unceremoniously bundled out of parliament by his minders when it was stormed by protesters.

"I see that all this cannot simply go on. If I was forced tomorrow to use my authority it would lead to a lot of bloodshed," he said when he stepped down in November of that year. "I have never betrayed my country and so it is better that the president resigns."Russian Deputy Foreign Minister, Grigory Karasin, praised Shevardnadze for "understanding the key significance for Georgia of having friendly relations with Russia" as president, drawing a contrast to his successor Saakashvili under whose rule Russia fought a war with Georgia in 2008.

Saakashvili said the struggle to define Shevardnadze's legacy was a job for the historians.

"Historians will have to work for a long time to access more precisely his role," he wrote on his Facebook page.  — Reuters

source: gmanetwork.com

Saturday

Apple poaches another luxury executive as iWatch nears


PARIS - Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch of its iWatch expected this autumn.

Tag Heuer, part of luxury goods group LVMH, said on Friday its vice president for sales, Patrick Pruniaux, who had been with the brand for seven years, was leaving on Monday to join Apple. It did not say what his new job would be.

Apple declined to comment.

The iWatch will be the closest the U.S. company has come to selling a fashion accessory and marks its first foray into the personal luxury goods market.

It is in a race against Samsung Electronics and Google to turn computers into wearable fashion and must-have items as smartphones, increasingly becoming commoditized items, start loosing their appeal.

Apple has plucked several executives from the luxury sector in recent months. Burberry ex-Chief Executive Angela Ahrendts started as its new head of retail and online sales in May, and former head of French fashion brand Yves Saint Laurent Paul Deneve was hired last year to work on special projects.

"I think he was probably head-hunted," a Tag Heuer spokeswoman said of Pruniaux, adding a replacement had already been found.

Analysts and industry executives say the jury is still out on whether smart watches will disrupt the luxury Swiss watch industry.

"I don’t believe that an iWatch will be a threat to luxury Swiss watches," said Jon Cox, analyst at Kepler Cheuvreux in Zurich.

"But where I do see some potential impact is at lower, for example below $1,000, price points where there could be a temporary dislocation if there is super high demand for iWatches."

Jean-Claude Biver, head of watch brands at LVMH and chairman of watch brand Hublot, said he believed the threat of smart watches had to be taken seriously by the Swiss watch industry.

"The iWatch will have the same status symbol power as many other Apple products, especially at the beginning," he said. "I personally believe it has the potential to be a threat for the industry, and it should not stay with its arms crossed."

Apple applied for a trademark for the "iWatch" in Japan, a patent official said earlier this week, signaling the iPhone maker could be moving ahead with plans to launch a watch-like device soon.

Speculation has been mounting that Apple was preparing to launch an iWatch which would include multiple health and fitness sensors and access to features such as messages and notifications through integration with the iPhone and iPad.  — Reuters

source: gmanetwork.com

On Fourth of July holiday, Obama urges immigration overhaul


WASHINGTON - President Barack Obama told Americans on the Independence Day holiday on Friday that welcoming immigrants to the United States is "central to our way of life" as he made an impassioned argument for a new immigration policy.

"We have to fix our immigration system, which is broken, and pass common-sense immigration reform," Obama said at a White House ceremony for 25 foreign-born men and women who gained American citizenship for their service in the US military.

Obama is struggling on two fronts in the immigration debate.

His drive for Congress to pass a comprehensive immigration overhaul this year collapsed when House of Representatives Speaker John Boehner, the top Republican in Washington, told him the House would not hold a vote.

Along the southern US border in Texas, Obama's administration is attempting to get a handle on the tens of thousands of children from Central America who have flooded into the country, straining resources and leading to Republican criticism that Obama is not doing enough to stop the surge.

The twin challenges have put Obama in a difficult position. While he has vowed to take executive actions on his own to make it easier for undocumented people to remain in the United States, he says most of the recent migrants will be sent home.

This has upset immigration advocacy groups who support him and see the new migrants as victims of gang violence in their home countries.

Obama's remarks in the White House East Room underscored his message that the United States would be a weaker nation without immigrants.

"The basic idea of welcoming immigrants to our shores is central to our way of life," Obama said. "It's in our DNA. ... We shouldn't be making it harder for the best and brightest to come here."

Obama is scheduled to visit Texas next week to participate in events to raise money for Democratic candidates in the November congressional elections. But he will resist Republican pressure to visit the border, White House spokesman Josh Earnest said on Friday.

At the White House ceremony, 25 people were sworn in as citizens. They came from 15 countries ranging from Australia to Guatemala to the Philippines to Ukraine. —Reuters

source: gmanetwork.com

Thursday

Walking may ease Parkinson’s symptoms, study suggests


NEW YORK – Going for regular brisk walks may improve symptoms among people with Parkinson’s disease and boost their quality of life, according to a preliminary study.

“Exercise is medicine for Parkinson’s,” Jay Alberts, from the Cleveland Clinic Lerner Research Institute in Ohio, told Reuters Health.

“This shows it doesn’t necessarily have to be super high-intensity exercise,” Alberts said. He studies motor function in Parkinson’s disease but wasn’t involved in the new research.

The study included 60 people with mild to moderate Parkinson’s disease who could walk independently without a cane or walker and had no other serious medical problems.

Researchers had the participants walk briskly, at an average pace of 2.9 miles per hour, three times a week for six months. Each walking session lasted 45 minutes. Participants kept diaries of each session and had trainers to help choose walking routes and collect the diaries.

When researchers compared results from a battery of tests conducted before and after the six months of regular walks, they found participants’ motor function, fitness, mood, tiredness, memory and thinking abilities all improved during the study, on average.

At first some participants also tried interval training—alternating every three minutes between slower and faster speeds—but researchers started assigning all new participants to continuous speed walking when knee pain became a problem in the interval group. There were no such side effects in the continuous speed group, according to results published in Neurology.

“We observed seven to 15 percent improvement in various symptoms that appeared to be clinically meaningful,” Dr. Ergun Uc told Reuters Health in an email. He led the study at the University of Iowa in Iowa City.

This was only a preliminary study, called a phase I/II trial, but Uc said he has applied for phase III trial funding to continue the research.

One limitation of the current study is that it didn’t include a group of patients who did not walk regularly for comparison.

It’s hard to compare the effectiveness of medications to that of exercise since they probably work in different ways, Uc said. He prefers to think of exercise as supplemental to medical treatment, which patients can explore with guidance from their doctors.

With a doctor’s permission, certain patients may be able to follow the aerobic component of physical activity guidelines from the US Department of Health and Human Services, which recommend 150 minutes of aerobic exercise, which should feel “somewhat hard,” per week, he said.

Uc added that people with Parkinson’s disease may be discouraged from exercising due to poor general health, lack of knowledge and appreciation of the benefits of exercise, time constraints, lack of an appropriate exercise environment, depression or fear of injury and falls.

“This is probably one of the hottest topics in Parkinson’s research right now,” said Beth Fisher, who studies exercise and Parkinson’s disease at the University of Southern California in Los Angeles. She was not part of the new research.

Researchers tend to focus on the physical symptoms of Parkinson’s, like tremor, but non-motor effects are important too, Alberts said.

“This should 100 percent be a part of the treatment program,” he said. “As long as they can do these things in a safe manner and don’t have any other orthopedic reasons (not to exercise), I’m not sure there’s any reason not to recommend exercise.”

“Even if there aren’t motor benefits, there are improvements in mood, fatigue, aerobic fitness - all of these things,” he said.

There will always be debate about the optimal type, amount and intensity of exercise, he said, and researchers will probably never have a precise answer because every person is different. But the aerobic component seems to be the important part, he said.

“I always say, what do you love doing and what can you scale up in difficulty?” Fisher told Reuters Health. “If you love walking and you’re doing it from point A to point B every day outside for x amount of time, how about doing it in less time?” — Reuters

source: gmanetwork.com

Wednesday

Dow, S&P end at records in fireworks before the Fourth


NEW YORK - The Dow and the S&P 500 closed at record highs on Tuesday as manufacturing activity picked up in the United States and Asia and increased optimism about the global economy's health.

The blue-chip Dow Jones industrial average came close to the 17,000 milestone in early afternoon trading, rising slightly over 1 percent to 16,998.70. The rally - led by IBM (IBM.N), up 2.8 percent at $186.35, and Visa Inc (V.N), up 1.7 percent at $214.25 - marked the first trading day of both the third quarter and the second half of 2014. The U.S. stock market will be closed on Friday for the Independence Day holiday on the Fourth of July.

Financial data firm Markit said its final US Manufacturing Purchasing Managers Index rose to 57.3 in June, the highest since May 2010, although it was slightly lower than the preliminary read of 57.5.

A report from the Institute for Supply Management showed its index of national factory activity was at 55.3, little changed from May's 55.4 reading.

"The basic message is that it's pretty much the same level as May so that's very positive news for the U.S. manufacturing," said Anthony Karydakis, chief economic strategist at Miller Tabak in New York.

The Dow Jones industrial average .DJI rose 129.47 points or 0.77 percent, to end at 16,956.07. The S&P 500 .SPX gained 13.09 points or 0.67 percent, to 1,973.32. The Nasdaq Composite .IXIC shot up 50.47 points or 1.14 percent, to 4,458.65.

Shares of Netflix Inc (NFLX.O) rose 7.4 percent to $473.10 after Goldman Sachs raised its rating on the streaming video company's shares to "buy" from "neutral", according to theflyonthewall.com.

Twitter (TWTR.N) shares jumped 2.6 percent to $42.05 on news that a former Goldman Sachs (GS.N) executive would become the company's new chief financial officer while current CFO Mike Gupta will become senior vice president of strategic investments.

Shares of credit and debit card companies rose after Elvira Nabiullina, the chairwoman of Russia's central bank, said Russia may reduce pledges imposed on MasterCard and Visa if they find local processing partners. MasterCard shares (MA.N) climbed 2.8 percent to $75.53.

Positive data from Asia helped buoy investors' confidence in the strength of the global economy, including China's final reading of the HSBC/Markit purchasing managers' index (PMI) for June, which rose to 50.7 from May's 49.4.

Manufacturing in Japan, the world's third-biggest economy, also picked up in June, fueled by improving demand at home. Growth in the euro zone, however, faltered as Germany, the region's top economy, slowed.

About 5.84 billion shares changed hands on US exchanges, in line with last month's average of about 5.8 billion, according to data from BATS Global Markets.

Advancers outnumbered decliners on the New York Stock Exchange by a ratio of about 2 to 1, while on the Nasdaq, nearly three stocks rose for every one that fell.  — Reuters

source: gmanetwork.com

Tuesday

Android L to get multitasking capability


Multitasking and recent apps are among the features to get upgrades in Android L, the upcoming next version of Google's operating system for mobile devices.

Enthusiast site Greenbot reported the multitasking menu now sports a 3D-like stacked card setup similar to Chrome for Android.

"(W)hile Android L's new multitasking menu is visually more appealing, it's also smarter," it said.

But it added that while the 3D-like scrolling of Android L's multitasking window looks "nice enough," it's "just eye candy."

"It's not perfect, but given that this is just a preview of Android L we're working with, there's enough time to get some of the kinks worked out," it added.

Also, Greenbot indicated Chrome tabs could appear as multitasking cards, "depending on the context in which they were spawned, further blending the web and native apps."

On the other hand, the new "recent apps" menu works a bit differently from past versions of Android. — Joel Locsin/TJD, GMA News

source: gmanetwork.com

Facebook scores record 1 billion interactions for World Cup


SAO PAULO - With 1 billion posts, likes and comments in just the first half of the World Cup, the soccer tournament is already the most talked-about event in Facebook Inc's decade-long history, data obtained by Reuters showed.

The soccer conversation measured between June 12 and June 29 involved 220 million people and 1 billion interactions, the Facebook data showed. And since the ball will be rolling for another two weeks, the tournament is set to break new records as the biggest social media event to date.

"People are having conversations on Facebook about what they watch in a really unprecedented scale," Nick Grudin, the company’s director of partnerships, told Reuters.

"In addition to sharing and connecting with friends, people are engaging in real time with the media and the public voices they care about most."

Facebook is the latest social media company to capitalize on TV-related traffic around big events like the World Cup, a trend started years ago by the microblog website Twitter Inc.

People use Facebook to comment about things they watch live, an interaction that could turn into a source of ad revenue for the company.

Facebook’s record numbers were possible because of widespread mobile penetration. Seven out of 10 users globally connect to the network from mobile devices, which represent roughly 60 percent of the company’s ad revenue.

There is also soccer’s global appeal. The first week of the World Cup alone saw 459 million interactions on Facebook, more than this year’s Super Bowl, the Sochi Winter Olympic Games and the Academy Awards combined.

The 1 billion mark was reached after traffic accelerated as the World Cup moved into the knockout round. On Saturday, more than 31 million people put up 75 million posts, likes and comments about Brazil’s nail-biting victory over Chile, which propelled the home team to the quarter-finals.

"This Cup has been a catalyzing cultural moment for people around the world," Grudin said, "and we see it reflected on Facebook."  — Reuters

source: gmanetwork.com