S&P 500 at five-year high with boost from data, eBay

NEW YORK (Reuters) - Stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay .


The number of Americans filing new claims for unemployment benefits fell to a five-year low last week and housing starts jumped last month to the highest since June 2008.


Strength in the housing and labor markets is key to sustained growth and higher corporate profits. Job market improvement helps stimulate consumer spending while a recovery in housing means more purchases of appliances, furniture and other household goods as well as a source of employment.


The S&P is on track for its third consecutive advance, which pushed the index above an intraday peak set in September to its highest since December 2007. The PHLX semiconductor index <.sox>, up 1.7 percent, reached its highest level in eight months.


"Having consolidated really for the last two weeks, the fact that we broke out, I think that that's sucking in quite a bit of money," said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.


In the housing sector, PulteGroup Inc shares gained 4.9 percent to $20.29 and Toll Brothers Inc advanced 3.1 percent to $35.99. The PHLX housing sector index <.hgx> climbed 2.2 percent.


The Dow Jones industrial average <.dji> was up 110.01 points, or 0.81 percent, at 13,621.24. The Standard & Poor's 500 Index <.spx> was up 10.96 points, or 0.74 percent, at 1,483.59. The Nasdaq Composite Index <.ixic> was up 22.52 points, or 0.72 percent, at 3,140.07.


EBay's shares rose 2.7 percent to $54.33 a day after it reported holiday quarter results that just beat Wall Street expectations. It gave a 2013 forecast that was within analysts' estimates.


Gains were tempered somewhat by weakness in the financial sector, with Bank of America down 4.3 percent to $11.27 and Citigroup off 3 percent to $41.22 after they posted their results.


Bank of America's fourth-quarter profit fell as it took more charges to clean up mortgage-related problems. Citigroup posted $2.32 billion of charges for layoffs and lawsuits.


The S&P financial sector index <.spsy> slipped 0.14 percent as the only one of the 10 major S&P sectors to decline.


S&P 500 earnings are expected to have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations for the quarter have fallen considerably since October when a 9.9 percent gain was estimated.


(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry and Nick Zieminski)



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China Arrests 7 in New Effort to Stop Tibetan Self-Immolations





BEIJING — The authorities in northwest China have detained seven people they claim organized the fatal self-immolation of a Tibetan villager in October, photographed his burning body and then sent the images abroad.




The arrests, announced Tuesday by Xinhua, the official news agency, suggest that the Chinese government is increasing the use of its newest strategy against the politically motivated suicides in Tibetan areas of China: punishing friends and relatives of those who self-immolate.


The Xinhua report blamed a Tibetan advocacy group in India for convincing the villager, Sangye Gyatso, a 27-year-old father of two, that self-immolation was a “heroic deed” and that it would improve his family’s standing.


A spokesman for the group, the Tibetan Youth Congress, rejected the accusations, calling them “ridiculous.”


With the accumulated toll of self-immolations approaching 100, Beijing has been scrambling to find effective deterrents to such acts, which began in 2009 as a desperate attempt to publicize what many Tibetans consider heavy-handed Chinese policies. In the early months of the crisis, officials sought to demonize self-immolators as terrorists or mentally deranged people. The authorities also locked down the most restive towns and monasteries, preventing monks from leaving or foreign journalists from entering.


Such measures appear to have done little to quell the protests, prompting officials to try new tactics. In Tongren County, in Qinghai Province, the authorities recently issued new regulations that permanently revoke public benefits for the families of self-immolators and cancel government-financed projects in their hometowns. If a monk or nun visits the home of a self-immolator, their monastery is to be shut down as punishment, according to the rules.


In recent weeks, more than a dozen people across the region have been charged with inciting self-immolations or accused of spreading information about the incidents via text message or e-mail. Last month, eight people were detained on accusations of trying to publicize a self-immolation near a government office in Luchu County in Gansu Province. Among those arrested, exile groups say, was a relative of the deceased.


In October, four young Tibetans in Sichuan Province were given sentences ranging from 7 to 11 years; two were convicted of encouraging their friend to self-immolate, and the other two for leaking news of the incident to “outside contacts.”


In the most recent case in Gansu Province, Xinhua said one of the seven detained men, a Buddhist monk named Khyi Gyatso, had joined the Tibetan Youth Congress in Dharamsala, India, after escaping in 2000. But the monk, Xinhua said, stayed in touch with his boyhood friend, Sangye Gyatso, and persuaded him through phone calls and e-mails to “contribute to the cause of Tibetans” by setting himself on fire.


Xinhua said Sangye Gyatso — whom it described as a convicted thief, perennially unemployed and a chronic womanizer — fell under the monk’s sway. He later told three friends about the time and place of his self-immolation so they could take photographs and share them with overseas groups, including representatives of the Dalai Lama, the exiled spiritual leader regarded by China as a subversive. “Shortly thereafter,” Xinhua said, “the Dalai clique launched a high-profile ‘propaganda’ campaign on the well-orchestrated incident, claiming there was a ‘humanitarian crisis’ in China and calling for the international community to interfere.”


Tenzin Norsang, joint secretary of Tibetan of Youth Congress in Dharamsala, said the group had no connection to Sangye Gyatso’s death, adding that the intense government restrictions and monitoring limited communication between Tibetans in China and abroad.


“Those who are self-immolating have been living under Chinese rule for more than 50 years — they don’t need anyone to tell them what to do,” he said. “Instead of blaming outsiders, the Chinese government could end the self-immolations by re-examining and changing their own repressive policies.”


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Facebook search to generate revenue, no rival to Google: analysts






(Reuters) – Facebook Inc’s new search tool has strong potential to generate revenue for the social networking company, though it is unlikely to challenge Google Inc as the world’s dominant search engine, Wall Street analysts said on Wednesday.


Facebook’s “graph search” tool, rolled out on Tuesday, lets its more than 1 billion users trawl their network of friends to find everything from restaurants to movie recommendations and is the company’s biggest foray into online search.






Graph search contains some category suggestions that can be easily monetized, BofA Merrill Lynch analysts said in a note.


“It should be easy to incorporate commercial search results via Facebook’s partnership with Bing,” they added.


Facebook currently has a partnership with Microsoft Corp, whose Bing search engine provides search results for external websites. Microsoft also integrates certain Facebook results into its Bing search results.


BofA Merrill Lynch analysts estimated Facebook could add $ 500 million in annual revenue if it can generate just one paid click per user per year, and raised its price target on the stock by $ 4 to $ 35.


Facebook’s shares were flat at $ 30.10 in early trading on Wednesday. They have jumped about 50 percent since November to Tuesday’s close after months of weakness following its bungled Nasdaq listing in May.


However, analysts at J.P. Morgan Securities said the lack of a timeline for the possible launch of graph search on mobile devices may weigh on the tool’s prospects.


The success of the graph search, which will rely heavily on local information, depends on Facebook launching a mobile product, the analysts said. Half of all searches on mobile devices seek local information, according to Google.


Graph search also lacks the depth of review content of Yelp Inc, the analysts added.


Pivotal Research Group analyst Brian Wieser said monetization potential would be largely determined by Facebook’s ability to generate a significant portion of search query share volumes and he expects that quantity to be relatively low.


“Consumers are likely to continue prioritizing other sources, i.e. Google. Advertisers would consequently only use search if they can, or are perceived to, satisfy their goals efficiently with Facebook,” Wieser said.


NO GOOGLE KILLER


Analysts mostly agreed that Facebook’s search tool was unlikely to challenge Google’s dominance in web search at least in the near term.


“As of now, we do not see Graph Search as a threat to Google Web search. Looking forward, Facebook Graph searches could be competitive with certain categories of Google searches, such as Places and Maps,” BofA Merrill said.


Internet search, social networking tools and e-commerce are among the biggest weapons that companies such as Facebook, Google and Amazon.com Inc have in their battle for supremacy. A successful combination of the three could win the day for them.


Google has been trying to combine social networking and search for more than a year by integrating Google+ into its search engine.


“Overall, Graph Search offers users a unique view to information not available on Google, but does not replace Google. We view the relationship between Facebook Graph Search and Google as both competitive and complementary,” Piper Jaffray & Co analysts said.


The brokerage said users looking to buy a cellphone, for example, could search for friends’ reviews on Facebook and expert reviews on Google.


(Reporting by Sayantani Ghosh in Bangalore; Editing by Sriraj Kalluvila)


Social Media News Headlines – Yahoo! News





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Harley Pasternak Blogs About the Benefits of Eating Avocados















01/16/2013 at 04:00 PM EST








Getty. Inset: Lou Rocco/ABC


Every morning I receive an email with the newest scientific studies published in the exercise and nutrition world. Once in a while, a study comes up that makes me excited enough that I have to blog about it. Below is one of these studies.

Researchers from UCLA's Center for Human Nutrition revealed some interesting new information on the health benefits of Hass avocados. The study was divided in to two groups – one ate hamburgers with fresh Hass avocado halves, and one ate them without the avocados. 

Results showed significant heart health advantages when the avocado and the burger were eaten together, rather than the plain burger.

The group that ate the burger with the avocado had lower levels of inflammation indicators (a key risk factor for heart disease), lower triglyceride levels (a type of fat in the bloodstream that can lead to the hardening and narrowing of your arteries) and superior arterial blood flow than those that ate the burger plain.

I've always been a huge fan of avocados. A true superfood, they're high in fiber, vitamin E, cancer-fighting carotenoids, and perhaps most importantly, they're an amazing source of heart healthy monounsaturated fats.  

Much like its healthy-fat containing cousins olives and almonds, avocados are calorically-dense, but they're also nutrient dense. Moderation is key, and you don't need much for your body to reap the benefits.  

I find avocados are a great way to add some "richness" to many of my recipes and make for a healthier alternative to butter (on toast) and cream (in soups).

Below is a delicious tortilla soup recipe my clients really enjoy.  You can also find some great guacamole and smoothie recipes online.

Tortilla Soup with Avocado

Ingredients
4 medium corn tortilla(s) 
½ tsp garlic powder
¼ tsp cayenne pepper
1 small yellow or white onion, finely chopped 
1 clove garlic, minced 
2 medium ripe tomatoes, finely chopped
1 medium yellow pepper, finely chopped
1 ripe avocado, pitted and sliced length-wise
1 medium serrano or jalapeno chile, seeded and minced
3 cups reduced-sodium chicken broth
2 Tbsp fresh cilantro, minced, divided 
Salt (to taste)
½ tsp black pepper 
¼ cup low-fat shredded cheese (optional)

Directions
1. Preheat oven to 400ºF.
2. Create a mixture of the garlic powder and cayenne pepper. Dust both sides of each tortilla with the mixture, then cut each into strips, about 1-inch wide. Place on cookie sheet; bake until just crisp, about 9 minutes. Remove from oven and set aside.
3. Coat a medium pot with a light coat of cooking spray, and add chopped vegetables and sauté until soft – about 5 minutes.
4. Add broth, half the cilantro and salt and pepper and cook about 8 minutes.
5. Ladle soup into 4 bowls. Top each with the cheese, toasted tortilla strips, sliced avocado, and remaining cilantro. Serve hot. Serves 4

How do you like to cook with avocados? Tweet me @harleypasternak – and let me know.

Check back every Wednesday for more insider tips from celebrity trainer Harley Pasternak on Hollywood's hottest bodies – and learn how to get one yourself! Plus: Follow Harley on Twitter at @harleypasternak

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ER visits tied to energy drinks double since 2007


SAN FRANCISCO (AP) — A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity in convenience stores, bars and on college campuses.


From 2007 to 2011, the government estimates the number of emergency room visits involving the neon-labeled beverages shot up from about 10,000 to more than 20,000. Most of those cases involved teens or young adults, according to a survey of the nation's hospitals released late last week by the Substance Abuse and Mental Health Services Administration.


The report doesn't specify which symptoms brought people to the emergency room but calls energy drink consumption a "rising public health problem" that can cause insomnia, nervousness, headache, fast heartbeat and seizures that are severe enough to require emergency care.


Several emergency physicians said they had seen a clear uptick in the number of patients suffering from irregular heartbeats, anxiety and heart attacks who said they had recently downed an energy drink.


More than half of the patients considered in the survey who wound up in the emergency room told doctors they had downed only energy drinks. In 2011, about 42 percent of the cases involved energy drinks in combination with alcohol or drugs, such as the stimulants Adderall or Ritalin.


"A lot of people don't realize the strength of these things. I had someone come in recently who had drunk three energy drinks in an hour, which is the equivalent of 15 cups of coffee," said Howard Mell, an emergency physician in the suburbs of Cleveland, who serves as a spokesman for the American College of Emergency Physicians. "Essentially he gave himself a stress test and thankfully he passed. But if he had a weak heart or suffered from coronary disease and didn't know it, this could have precipitated very bad things."


The findings came as concerns over energy drinks have intensified following reports last fall of 18 deaths possibly tied to the drinks — including a 14-year-old Maryland girl who died after drinking two large cans of Monster Energy drinks. Monster does not believe its products were responsible for the death.


Two senators are calling for the Food and Drug Administration to investigate safety concerns about energy drinks and their ingredients.


The energy drink industry says its drinks are safe and there is no proof linking its products to the adverse reactions.


Late last year, the FDA asked the U.S. Health and Human Services to update the figures its substance abuse research arm compiles about emergency room visits tied to energy drinks.


The Substance Abuse and Mental Health Services Administration's survey was based on responses it receives from about 230 hospitals each year, a representative sample of about 5 percent of emergency departments nationwide. The agency then uses those responses to estimate the number of energy drink-related emergency department visits nationwide.


The more than 20,000 cases estimated for 2011 represent a small portion of the annual 136 million emergency room visits tracked by Centers for Disease Control and Prevention.


The FDA said it was considering the findings and pressing for more details as it undertakes a broad review of the safety of energy drinks and related ingredients this spring.


"We will examine this additional information ... as a part of our ongoing investigation into potential safety issues surrounding the use of energy-drink products," FDA spokeswoman Shelly Burgess said in a statement.


Beverage manufacturers fired back at the survey, saying the statistics were misleading and taken out of context.


"This report does not share information about the overall health of those who may have consumed energy drinks, or what symptoms brought them to the ER in the first place," the American Beverage Association said in a statement. "There is no basis by which to understand the overall caffeine intake of any of these individuals — from all sources."


Energy drinks remain a small part of the carbonated soft drinks market, representing only 3.3 percent of sales volume, according to the industry tracker Beverage Digest. Even as soda consumption has flagged in recent years, energy drinks sales are growing rapidly.


In 2011, sales volume for energy drinks rose by almost 17 percent, with the top three companies — Monster, Red Bull and Rockstar — each logging double-digit gains, Beverage Digest found. The drinks are often marketed at sporting events that are popular among younger people such as surfing and skateboarding.


From 2007 to 2011, the most recent year for which data was available, people from 18 to 25 were the most common age group seeking emergency treatment for energy drink-related reactions, the report found.


"We were really concerned to find that in four years the number of emergency department visits almost doubled, and these drinks are largely marketed to younger people," said Al Woodward, a senior statistical analyst with the Substance Abuse and Mental Health Services Administration who worked on the report.


Emergency physician Steve Sun said he had seen an increase in such cases at the Catholic hospital where he works on the edge of San Francisco's Golden Gate Park.


"I saw one young man who had mixed energy drinks with alcohol and we had to admit him to the hospital because he was so dehydrated he had renal failure," Sun said. "Because he was young he did well in the hospital, but if another patient had had underlying coronary artery disease, it could have led to a heart attack."


___


Follow Garance Burke on Twitter at http://twitter.com/garanceburke


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S&P 500 flat as growth concerns temper bank earnings

NEW YORK (Reuters) - The S&P 500 was little changed on Wednesday as a bounceback in Apple shares and gains in bank stocks offset concerns about global economic growth.


Goldman Sachs shares hit their highest level since May 31, 2011 as earnings nearly tripled on increased revenue from dealmaking and lower compensation expenses. JPMorgan Chase said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record.


JPMorgan shares edged up 0.4 percent at $46.55 and Goldman was up 4.1 percent to $141.19.


They were among the first big banks to report results and helped to lift estimates for S&P 500 corporate earnings slightly to a 2.2 percent gain, Thomson Reuters data showed.


"Pretty solid numbers from both JPMorgan and Goldman Sachs are putting a lot of momentum behind the financials, with a lot more names to report this week. But I think that's helping to put a better bid to the market overall," said Michael James, senior trader at Wedbush Morgan in Los Angeles.


Apple rebounded after three days of losses, making the Nasdaq outperform the S&P 500 and Dow.


"There could not have been more negativity around Apple going into today. So was it due for an oversold bounce on a trading basis? Absolutely," James said.


The Dow Jones industrial average <.dji> was down 25.31 points, or 0.19 percent, at 13,509.58. The Standard & Poor's 500 Index <.spx> was up 1.01 points, or 0.07 percent, at 1,473.35. The Nasdaq Composite Index <.ixic> was up 12.04 points, or 0.39 percent, at 3,122.82.


A slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply scaled back its forecast for world growth in 2013 to 2.4 percent from an earlier forecast of 3.0 percent.


Apple shares were up 4.6 percent at $508.48. The stock closed below $500 on Tuesday for the first time since February.


Shares of Dow component Boeing fell 3.8 percent to $74.05 and was the biggest drag on the Dow, on concerns about its new Dreamliner passenger jets. Japan's two leading airlines grounded their fleets of 787s after an emergency landing, adding to safety concerns triggered by a series of recent incidents.


U.S. economic data showed U.S. consumer prices were flat in December, pointing to muted inflation pressures that should give the Federal Reserve room to prop up the economy by staying on its ultra-easy monetary policy path.


Other data showed U.S. homebuilder confidence in the market for single family homes held steady near seven year highs in January, suggesting the outlook for the housing market remained upbeat.


(Additional reporting by Chuck Mikolajczak; Editing by Nick Zieminski and Kenneth Barry)



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The Lede Blog: Video of Aleppo University Bombing

Last Updated, 3:57 p.m. Video posted online by Syrian opposition activists appeared to show the moment one in a series of deadly explosions struck the campus of Aleppo University on Tuesday.

Video said to capture an explosion on the campus of Aleppo University in Syria on Tuesday, uploaded to the Web by opposition activists.

The brief clip, uploaded to the YouTube channel of the ANA New Media Association (formerly the Syrian Activists News Association), begins with a view of smoke rising from a university building as students mill about. Moments later, following a very loud explosion close to the camera, students run for cover and a much larger plume can be seen above the building.

A description of the video posted on YouTube by ANA, which is run from Cairo by the British-Syrian activist Rami Jarrah, said that the video was filmed by an activist just after the university was hit by a missile fired from a Syrian Air Force MIG fighter jet, and captured the impact of a second airstrike.

Another video clip, uploaded to the Web earlier in the day, appeared to offer a more distant view of the plumes of smoke above the campus. Mr. Jarrah, who blogs as Alexander Page, suggested that one part of the video showed the fighter jet’s contrail in the sky over the damaged buildings.

While opposition activists insisted that the blasts, which killed at least 50 people, were the result of airstrikes by the government of President Bashar al-Assad, state-controlled television channels claimed that “terrorists” had fired rockets at the campus.

The pro-Assad satellite channel al-Ikhbaria broadcast video of the aftermath, showing extensive damage to the campus and victims being rushed from the scene as on-screen text blamed the attack on rebel forces.

Video from the pro-government Syrian satellite channel al-Ikhbaria showed the aftermath of bombings at Aleppo University on Tuesday

A blogger in Aleppo who supported peaceful protests against the Assad government but has been fiercely critical of the armed rebellion, Edward Dark, described the carnage as a result of an air attack that was “probably a mistake, not an intentional bombing.”

Restrictions on independent reporting in Syria make it hard to confirm who was responsible for the explosions, but the university is in a government-controlled area of the city and large anti-Assad demonstrations there last May were harshly dealt with by the security forces, despite the presence of United Nations observers.

A pair of video clips posted on YouTube shortly after the bombings showed extensive damage to what was described as the university’s architecture school. In one of the clips, dazed students mad their way through shattered glass, carrying a wounded man on a table, in the entrance hall to the school pictured on the school’s Web site.

Video said to show the badly damaged school of architecture at Aleppo University on Tuesday.

Video of a wounded man being evacuated from Aleppo University’s school of architecture on Tuesday.

Another pro-Assad satellite channel, Addounia, broadcast a report blaming “a terrorist group” for the bombings — which was uploaded, with English subtitles, to YouTube.

A video report on bombings at Aleppo University from Addounia, a pro-Assad satellite channel.

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Apple supplier sees big Q4 boost, likely a good sign for iPhone 5 demand






Shares of Apple (AAPL) have been hit hard over the last few days. Investors continue to worry about the company’s profit margins, demand for its popular line of smartphones and tablets, and its future endeavors. With upcoming competition from Research in Motion (RIMM) and Microsoft (MSFT), and an ongoing battle with Google’s (GOOG) Android operating system, analysts fear that Apple’s mobile dominance may be a thing of the past. While we won’t officially know anything until the company reports its holiday earnings on January 23rd, a small German company has painted a calming picture for Apple shareholders.


[More from BGR: HTC One SV review]






Dialog Semiconductor announced last week that it expects to report a significant increase in sales for its December quarter. The company noted that the increase was due to “a stronger than anticipated end of year, underpinned by a strong late surge in demand for smartphone and tablet products.” Dialog Semiconductor now expects to report revenues of $ 268 million, an increase from between $ 215 million and $ 235 million.


[More from BGR: Extensive BlackBerry Z10 demo video posted by German website [video]]


The important thing to note is that, as of this past fall, Apple is Dialog’s largest customer and accounts for 60% of its total revenue.


Logic dictates that solid demand for Apple’s iPhone and iPad during the holidays helped boost Dialog’s performance. This could also mean that the iPhone-maker will report not only a strong December quarter, but a better-than-expected March quarter as well.


It looks like all this talk about customers losing interest in Apple may indeed be premature.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News





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Holly Madison in Doghouse with Homeowners Association















01/15/2013 at 03:30 PM EST







Holly Madison and dog Louis


Denise Truscello/WireImag


Holly Madison is having a little trouble getting her neighbors to think pink.

The former Playboy pin-up – and current mom-to-be – is moving out of her home in the Rancho Circle neighborhood of Las Vegas after repeated complaints from the homeowners association over her pink doghouse, which is human-sized and built to accommodate her three pups, Louis, Napoleon and Josephine.

"When I went over it with my contractor, he consulted the HOA on all their restrictions and whatnot," she told Las Vegas Weekly. "He told me it has to match the architecture of the house, so I did that with the roof because … it's possible you could see the roof from the street, but you can't see any of it from the street, actually."

In addition, the structure's creative color has also been a point of conflict for the association, which has repeatedly fined the star over it – not that Madison's taking their actions lying down.

"It's a hundred dollars a month," she said. "I haven't been paying it. I just keep sending them nasty letters."

Luckily for Madison, when the doghouse was constructed, it was designed to be movable.

"Yes, I'm going to bring it," she replied when asked if it will accompany her to her newest home.

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Risk to all ages: 100 kids die of flu each year


NEW YORK (AP) — Twenty flu-related deaths have been reported in children so far this winter — one of the worst tolls this early in the year since health officials began keeping track.


Still, experts say that doesn't mean this year will turn out to be unusually deadly. Roughly 100 children die in an average flu season, and it's not clear that will happen this year.


The deaths have included a 6-year-old girl in Maine, a 15-year-old Michigan boy who loved robotics and a tall high school senior from Texas who got sick in Wisconsin while visiting his grandparents for the holidays.


On average, an estimated 24,000 Americans die each flu season. Elderly people with chronic health conditions are at greatest risk.


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