Former SNC-Lavalin CEO faces new corruption charges

OTTAWA (Reuters) - The former chief executive of SNC-Lavalin Group Inc , a Canadian construction and engineering company caught in a far-reaching misconduct scandal, faces six new fraud-related charges, police said on Wednesday after issuing a warrant for his arrest.

The province of Quebec's anti-corruption police unit alleges that ex-CEO Pierre Duhaime, who resigned from the Montreal-based company last year, committed fraud and other criminal offenses.

In a statement, the unit provided no details about the charges, but the Globe and Mail newspaper reported they were connected to a contract awarded to SNC in 2010 for the construction of a Montreal hospital.

An arrest warrant was also issued on Wednesday for Riadh Ben Aissa, SNC's former head of construction, for similar corruption charges, as well as for three other men.

The allegations are the latest development in a widening scandal at SNC that stretches from Montreal to Tripoli and led to prior arrests of both Duhaime and Ben Aissa.

"In the cases of Pierre Duhaime and Riadh Ben Aissa, these are new criminal accusations which have been authorized by the bureau for the fight against corruption and embezzlement," said the anti-corruption unit in a statement.

In early 2012, an internal investigation by SNC found that $56 million in funds had gone missing, paid to unknown agents on projects that did not exist. Duhaime quit in March after it came to light that he signed off on the mystery payments.

He was then arrested in November on three fraud charges and later released.

Ben Aissa was arrested in Switzerland last April on charges of money laundering and corruption and in an affidavit released last month, Canadian police alleged that he had paid bribes to a son of deposed Libyan leader Muammar Gaddafi in exchange for help in obtaining major contracts for the company's international arm. He remains in custody in Switzerland.

SNC AWARE OF WARRANTS

Duhaime's lawyer Michel Massicotte told Reuters on Wednesday that his client had not yet been arrested and that he would plead "not guilty" to the new set of charges, which he said would replace previous ones.

"He's in the province of Quebec and obviously he will face the charges there. There's no problem about that," Massicotte said.

Lawyers representing Ben Aissa were not immediately available for comment.

SNC said it was aware of the warrants for its former executives and that it would continue to cooperate fully with authorities.

"We have voluntarily turned over information that we have to local and other authorities for them to take any actions that they may consider appropriate," spokeswoman Lilly Nguyen said in an email.

"We are unequivocal that no unethical behavior or illegal acts must ever be tolerated. We believe that anyone found to have committed any wrongdoing in connection should be brought to justice."

The 102-year-old company has installed a new CEO and several new executives while tightening its ethics policies.

Last week, it hired a former Siemens AG compliance officer to help guide it through the scandal. Siemens paid $1.6 billion to U.S. and European authorities in 2008 to resolve allegations it paid bribes around the world.

Investors appeared to shrug off the news, though modest gains were erased by session-end on Wednesday, as the stock closed down 4 Canadian cents at C$47.13 on the Toronto Stock Exchange.

"Right now there is, incrementally speaking, nothing new at all, so that's why the market just doesn't care," said Maxim Sytchev, analyst at AltaCorp Capital.

Also named in Wednesday's arrest warrant was Arthur Porter, the former head of the McGill University Health Centre, which runs a network of health facilities. The Globe and Mail newspaper reported Porter was the chief negotiator on the C$1.3 billion ($1.3 billion) contract awarded to SNC in 2010.

Porter's alleged involvement in corruption has ruffled feathers in political circles because Prime Minister Stephen Harper had appointed Porter in 2008 to a committee which oversees the government's spy agency, where he served until 2011.

($1=$1.02 Canadian)

(Reporting by Louise Egan; Editing by James Dalgleish)

Source: http://news.yahoo.com/former-snc-lavalin-ceo-faces-corruption-charges-215118788--sector.html

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Target sees solid year after weak holiday quarter

(Reuters) - Retailer Target Corp said it appears poised for a solid showing in the first quarter and forecast a higher profit for the year after a weak performance in the key holiday season.

Still, shares slid 3.6 percent to $61.77 in early Wednesday trading.

For the current year, Target forecast adjusted earnings of $4.85 to $5.05 per share, which would exceed the $4.76 it earned last year.

Target did not give a sales forecast, but Chief Executive Gregg Steinhafel said it faced a "highly promotional retail environment and continued consumer uncertainty."

It was not immediately clear how the company's results and forecasts compared to analysts' expectations.

Target rang up 1 percent fewer purchases in the fourth quarter, compared with a year earlier. But shoppers bought 0.7 percent more each time they shopped and the average spent was up 1.4 percent.

It was Target's weakest holiday season performance since 2008, and some strength in January helped prop up what could have been even weaker numbers, said Sandy Skrovan, U.S. research director at Planet Retail.

"Walmart proved the victor over Target for the 2012 holiday season," Skrovan said, pointing out that Walmart U.S. same-store sales rose 1 percent in the quarter. "But Target won the year overall since, unlike Walmart, its affluent shopper base tends to be more insulated from economic swings."

Target's holiday season included a disappointing showing for its collection of gifts sold in collaboration with high-end department store chain Neiman Marcus. The line that includes designer dresses and dishes launched on December 1, and Target sharply discounted the goods even before Christmas

Stronger sales of food and value-priced items only partially offset holiday weakness as shoppers held back from discretionary spending in an uncertain economy.

Wal-Mart Stores Inc said last week that Walmart U.S. same-store sales were likely to be flat this quarter as consumers faced higher gasoline prices and smaller paychecks after the expiration of the U.S. payroll tax cut.

At Target, more shoppers used its credit and debit cards. The cards offer a 5 percent discount to foster customer loyalty, but the discount can also pressure margins.

Target said 15.5 percent of sales in stores during the quarter were paid with its debit and credit cards, up from 14 percent in the third quarter and 10.8 percent a year earlier.

The fourth-quarter gross margin declined to 27.8 percent of sales from 28.4 percent a year earlier, due in part to markdowns on seasonal merchandise.

Target earned $961 million, or $1.47 per share, in the fiscal fourth quarter, down from $981 million, or $1.45 per share, a year earlier. Target had fewer shares outstanding in the latest period.

Adjusted earnings, excluding items such as costs related to Canadian store opening plans, rose to $1.65 per share from $1.49 per share a year ago.

Target tempered profit expectations back in early January, when it reported flat December same-store sales and forecast earnings per share to meet or somewhat exceed the low end of its prior view. Target's outlook was for net earnings of $1.45 to $1.55 per share and adjusted earnings of $1.64 to $1.74 per share.

Target previously said sales rose 6.8 percent to $22.37 billion in the fourth quarter, with same-store sales up 0.4 percent. Same-store sales missed analysts' average target of 0.8 percent, according to Thomson Reuters I/B/E/S.

For the first quarter, Target forecast adjusted earnings of $1.10 to $1.20 per share versus $1.11 a year ago.

(Reporting by Jessica Wohl in Chicago; Editing by Jeffrey Benkoe)

Source: http://news.yahoo.com/target-profit-slipped-winter-holiday-quarter-125132402--finance.html

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Newt pheromones: They drive the ladies crazy

Franky Bossuyt

The male alpine Ichthyosaura alpestris newt knows that it isn't the tail waving that attracts the ladies, but the pheromones that he uses.

By Joseph Castro
LiveScience

It may be time to crown male newts as the female-arousing kings ? the amphibians release powerful pheromones that put females in the mood to mate with practically any adult around, even other females from different newt species, new research shows.

"The females react as if they're under the influence of drugs," said lead researcher Franky Bossuyt, a biologist at Vrije Universiteit Brussel (Free University of Brussels) in Belgium. "We were convinced that if we put in a plastic toy moving at the right speed, they would follow it."

Newts typically live on land as adults and mate exclusively in water. During the breeding season, males adopt intense color patterns and grow skin extensions on their legs, tail and crest. These changes are thought to make males more attractive to females.

When two newts meet, the male releases pheromones and waves his tail, sending the chemical signals to the female. They then play out a mating dance akin to a short game of tag, with the female following after the male. To let him know she's ready to get down to business, the female touches the male's tail with her nose, prompting him to deposit his spermatophore ? a jellylike mass containing sperm??onto a substrate in the water, such as a leaf. Finally, he leads the female over the sperm packet, which sticks to her cloaca (the orifice leading to intestinal, reproductive and urinary tracts), resulting in insemination.

For years, scientists thought males waved their tails to disperse "attractant pheromones," which broadcast the male's presence and bring newt pairs together. But there's a problem with this idea: The newts have already introduced themselves before the male waves his tail. "The females are not attracted to the males by the tail-waving, at least with the newts I've seen," Bossuyt said.

Instead, the researchers thought, the tail fanning might disperse "courtship pheromones" that alter the female's behavior to stimulate mating.

Newt mating game
To find out, researchers placed male-female pairs of alpine newts (Ichthyosaura alpestris) and palmate newts (Lissotriton helveticus) into water-filled plastic containers for receptivity tests. The newts passed the test and were ready for the next phase if they completed the courtship ritual (females weren't allowed to complete the insemination).

The team then put two-female pairs into pheromone-infused courtship?water; some pairs consisted of two alpine newts, other pairs had one female of each species. If the water contained pheromones from a male of her species, the female would desperately try to court the other female. In some cases, two female alpine newts tried to follow each other, resulting in the pair circling one another. In some two-species trials, one female chased after another, even as the unreceptive partner tried to escape the container. [See video of the sex-crazed newts]

But the amphibians didn't remain patient forever. Not receiving the spermatophore she expected, the courting female eventually started waving her tail at her partner, possibly sending out pheromones.

Frustrated females
"Female tale-waving?is a kind of frustration behavior," Bossuyt explained, adding that females also tail-waved in receptivity tests to get males to continue courtship after researchers removed the spermatophores. In natural settings, this behavior probably happens only in uncommon situations, such as when a male is too tired for courtship. "So female tail-waving likely happens in nature, but you will not easily observe it," he said.

The results suggest the pheromones don't just announce the male's arrival, given how they induced such an overpowering mating reaction in the females. The researchers think males may have evolved such potent pheromones out of necessity, since newts often breed in turbid water with other newt species, making it difficult to mate based on vision alone.

It seems a male newt's flashy appearance matters little to females: It's all about his smell.

The research was detailed online this month in the journal PLOS ONE.

Follow LiveScience on Twitter?@livescience. We're also on Facebook?and Google+.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://science.nbcnews.com/_news/2013/02/26/17106274-newt-pheromones-they-just-drive-the-mating-females-crazy?lite

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M Resort Spa Casino Is Awarded 2013 Forbes Travel Guide Four ...

LAS VEGAS, Feb. 26, 2013 /PRNewswire/ ? For the - fourth consecutive year, the - M Resort Spa Casino was honored with a Forbes Travel Guide Four-Star Rating, furthering its place as one of the - world?s premier resorts with truly exceptional service & amenities. The resort?s 23,000 square foot spa, Spa Mio, moreover received Four-Star recognition for the - third year in a row.

(Logo:? http://photos.prnewswire.com/prnh/20090813/LA61397LOGO)

The Forbes accolades come on the - heels of receiving 2013 Four-Diamond recognition from AAA & being ranked No. 7 out of 473 hotels in Las Vegas NV on U.S. News & World Report?s list of Best Las Vegas NV Hotels.

?These outstanding achievements would not have been possible without the - dedication of our team members,? asserted Anthony A. Marnell, III, President of the - M Resort. ?Each day they deliver an exceptional guest experience & these accolades are a true testament of their complex work & commitment to our core values & to our guests.?

The 390-room resort opened in March 2009 & caters to out-of-town guests & Las Vegas NV locals. The resort has already earned numerous accolades in addition to the - coveted titles of ?Best Buffet in Las Vegas? & ?Best Locals Hotel? from the - city?s daily newspaper. The property was moreover recognized as having the - most innovative slot floor & was named one of the - Top 10 U.S. Relaxation/Spa Hotels by travel website TripAdvisor?.

Forbes Travel Guide has defined the - standard of excellence in hotel, restaurant & spa experiences since 1958. The rigorous rating process begins with a facility inspection in that considers every aspect of the - property, in addition to its overall cleanliness, condition & location. To achieve Forbes Travel Guide Four & Five Star status, properties must meet or exceed the - bar-setting service standards, which are determined through an unannounced, undercover service evaluation conducted by Forbes Travel Guide?s expert inspectors.

ABOUT STARTLE AND FORBES TRAVEL GUIDE
Startle is the - luxury lifestyle platform in that combines the - objectivity & heritage of the - Forbes Travel Guide Star Rating system with insightful recommendations from a hand-selected group of tastemakers & travel experts. Startle provides detailed information on Star Rated hotels, restaurants & spas & gives its registered members exclusive access to special offers & curated experiences from select Startle partner properties. Startle?s socially enabled platform delivers guests the - possibility to follow destinations, properties, tastemakers & travel experts.

Forbes Travel Guide, formerly Mobil Travel Guide & originator of the - prestigious Star Ratings & certifications, has provided the - travel industry?s most comprehensive ratings & reviews of hotels, restaurants & spas since 1958. Forbes Travel Guide has a team of expert inspectors who anonymously evaluate properties against rigorous & objective standards, providing consumers the - insight to make better-informed travel & leisure decisions. For more information about Startle & Forbes Travel Guide, visit www.startle.com.

ABOUT M RESORT SPA CASINO
Awarded the - Forbes Travel Guide Four-Star rating four years of time in a row, M Resort Spa Casino is located on over 90 acres at 12300 Las Vegas NV Blvd. S. on the - southeast corner of St. Rose Parkway & Las Vegas NV Boulevard. Situated?higher in elevation than?other?resort-casinos on the - Las Vegas NV Strip, the - M Resort provides optimal views of the - world-famous Las Vegas NV skyline from its guest rooms, suites, conference center & restaurants. The resort offers?390 guest rooms & suites,?over 92,000 square feet of gaming, seven restaurants & six bars, more than 92,000 square feet of meeting & conference space, a state-of-the-art spa & fitness center & a 100,000 square foot events piazza. For more information, visit www.theMresort.com. Find us on Facebook site ? M Resort Spa Casino. Follow @MResort Twitter. Read our M Point of View Blog. M Resort is operated by Penn National Gaming, Inc.

Source: http://www.lasvegasnvblog.com/2013/02/m-resort-spa-casino-is-awarded-2013-forbes-travel-guide-four-star-rating-for-hotel-spa/

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Feds to probe Ford cars and SUVs for stalling

DETROIT (AP) ? The National Highway Traffic Safety Administration says it will investigate problems with stalling or surging engines in nearly 725,000 Ford cars and SUVs.

The probe affects Ford Escape and Mercury Mariner SUVs and Ford Fusion and Mercury Milan sedans from the 2009 through 2011 model years.

The vehicles can unexpectedly go into "limp home mode" at reduced power, the agency said in documents posted Monday on its website. NHTSA and Ford have received almost 1,500 complaints about the problem. There were three crashes and one injury.

NHTSA began looking into the cars and SUVs after getting a request from the North Carolina Consumers Council last year. Nonprofit safety groups and consumers can petition the agency to investigate vehicle problems.

The cars and SUVs haven't been recalled, but the investigation could lead to a recall.

The Fusion and Milan are nearly identical cars with the same engines, as are the Escape and Mariner. Ford scrapped the Mercury brand in 2010.

The North Carolina organization said it received two complaints about 2009 Escapes that had been diagnosed with throttles either stuck open or closed. The group said that owners reported repeated stalling and surging.

Ford told NHTSA that vehicles made from June 22, 2009, to Oct. 15, 2009, may have faulty printed circuit boards that control the throttles. Ford and its throttle body supplier, Delphi Corp., changed the circuit board manufacturing process after Oct. 15, 2009. That resolved the problem, NHTSA said in documents posted Monday on its website.

NHTSA said it analyzed 123 complaints about the cars or SUVs going into what's known as limp mode, in which vehicle speed was limited to 20 mph or 900 engine revolutions per minute. Drivers may interpret the limp mode as stalling, even though the engines still move the vehicles, the agency said. Vehicles usually go into limp mode when computers detect an engine problem. This allows drivers to get to a safe place while protecting the engine from damage.

Power surges appear to happen when the engine revolutions fluctuate to prevent stalling during limp mode, the agency said.

But even though Ford said the throttle problem with the Escape was resolved with the manufacturing change, NHTSA still decided to investigate vehicles from the 2010 and 2011 model years. The agency says it received 59 complaints of engine stalling in 2010 and 2011 Fusions. Eighty percent of the complaints were received starting in March of 2012, showing an increasing trend, the agency said.

In addition, Ford has received 27,505 warranty claims in which the throttle bodies were repaired or replaced, NHTSA said.

Ford said Monday that it's cooperating with NHTSA on the investigation.

Its shares rose 4 cents to $12.52 in morning trading. They have traded in a 52-week range of $8.82 to $14.39.

.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-25-Ford-Investigation/id-6c3acb0a4b174efebfff11e2cf1c8343

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Catfight? Workplace conflicts between women get bad rap

Feb. 25, 2013 ? A new study from the University of British Columbia's Sauder School of Business suggests troubling perceptions exist when it comes to women involved in disputes at work.

"Our research shows that when it comes to workplace conflict, women get a bad rap," says PhD candidate Leah Sheppard, who conducted the study with Prof. Karl Aquino. "We show how the negative stereotyping around so-called 'catfights' carry over into work situations."

The researchers asked experiment participants to assess one of three workplace conflict scenarios, all identical except for the names of the individuals involved: Adam and Steven, Adam and Sarah, or Sarah and Anna.

The study, published in the current edition of the journal Academy of Management Perspectives, found that when the scenario depicted female-female conflict, participants perceived there to be more negative implications than the male-male or male-female conflicts.

Participants judged the likelihood of two managers repairing a frayed relationship roughly 15 per cent lower when both managers were female, versus male-male and male-female. Participants rated those involved in all-female conflicts as also being more likely to let the argument negatively influence job satisfaction than male-female or male-male quarrellers.

The study also found that female experiment participants were just as likely as males to see the all-female conflict as more negative.

"This study suggests there's still a long way to go when it comes to the perception of women in the workplace," Sheppard says. "Hopefully, our findings will help to increase managers' awareness of this bias, so they don't let stereotypes guide their decisions on how they staff teams and leverage the full talent of female employees."

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Note: Materials may be edited for content and length. For further information, please contact the source cited above.

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Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/living_well/~3/B5SzNsruguU/130225092248.htm

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Copyright ? 2013 Salon Media Group, Inc. Reproduction of material from any Salon pages without written permission is strictly prohibited.

SALON ? is registered in the U.S. Patent and Trademark Office as a trademark of Salon Media Group Inc.

Associated Press articles: Copyright ? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Carestream Health for sale, may fetch $3.5 billion - sources

NEW YORK (Reuters) - Carestream Health Inc, which provides medical imaging systems and other healthcare technology solutions, is looking for a buyer in a deal that could fetch as much as $3.5 billion, people familiar with the matter said on Monday.

Carestream, which was acquired by private equity firm Onex Corp for $2.35 billion in 2007, has hired Goldman Sachs Group, Bank of America Merrill Lynch and Credit Suisse Group to run a sale process, the people said.

The Rochester, New York-based company was formed in 2007 when the Canadian buyout firm bought Eastman Kodak Company's health group and renamed the business Carestream. The company provides digital X-ray systems, molecular imaging systems and dental imaging products, software and services.

The auction of Carestream, which is in early stages, has drawn initial interest from several large private equity firms, the people said, adding that industry buyers are less likely to participate given the company's low to negative growth.

First-round offers are due this week, one of the people added.

Carestream has around $450 million in annual earnings before interest, tax, depreciation and amortization (EBITDA) and could be sold for 7 to 8 times EBITDA, two of the people said.

All the people asked not to be named because the auction is not public. A Carestream spokesman said the company does not comment on rumor or speculation. Onex could not be immediately reached for comment, while Goldman Sachs, Bank of America and Credit Suisse declined to comment.

(Reporting by Soyoung Kim in New York; Editing by Gary Hill and Tim Dobbyn)

Source: http://news.yahoo.com/exclusive-carestream-health-sale-may-fetch-3-5-200937944--sector.html

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Thoughts on the present discontents (Powerlineblog)

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Move over iPad mini, Samsung unveils Galaxy Note 8.0

BetaNews writes, Late February means another Mobile World Congress, and the rush to make big, splashy product announcements before the show starts. Samsung jumped in early today, by announcing an 8-inch tablet with stylus -- Galaxy Note 8.0. The slate is about the same size as Apple's iPad, with comparable screen resolution, but features the S Pen and supporting software. Why just touch and type when you can draw, too? Samsung's slate joins the Galaxy Note II smartphone and 10-inch tablet, with stylus being the compelling feature that market leader Apple doesn't offer on any iOS device. Like the recent update?

Continue reading Move over iPad mini, Samsung unveils Galaxy Note 8.0 at BetaNews

Source: http://technewstube.com/betanews/175375/move-over-ipad-mini-samsung-unveils-galaxy-note-80/

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Bada to be retired, will see its best features absorbed by Tizen

It's been over a year since rumors and statements suggested Samsung's Bada OS was due to be terminated, but that some form of it would live on within the open-source Tizen OS. Now, Samsung exec Won-Pyo Hong has confirmed as such with Korean news agency Yonhap. Rather than a complete fusion of the two, Tizen will select only the best qualities of the featurephone-friendly Bada for assimilation. Samsung's Tizen 2.0-based handsets arriving in 2013 will put the final nail in Bada's coffin, but out of respect for its fallen comrade, Tizen will obligingly run apps designed for the retired OS. Like some kind of mobile software Highlander, Tizen is now drawing power from several perished peers, and has even set its sights on the mighty Android. There can be only one.

Filed under: Cellphones, Software, Mobile, Samsung

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Via: The Verge

Source: Yonhap

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/bwrY90Gu6KM/

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Daytona 500 runs on schedule, day after fans hurt

DAYTONA BEACH, Fla. (AP) ? Fans feeling unsafe after the terrifying crash at Daytona International Speedway a day earlier were able to change seats for NASCAR's biggest race on Sunday.

Workers successfully repaired a section of fence ? 54 feet wide and 22 feet high ? that was shredded Saturday when Kyle Larson's car went airborne on the final lap of a second-tier race and crashed through the barrier that separates cars from fans. Large pieces of debris, including a tire, sprayed into the upper and lower section of the stands.

The crash the day before the Daytona 500 injured more than 30 people, raising more questions about fan safety at race tracks.

Halifax Health spokesman Byron Cogdell said seven people with crash-related injuries remained hospitalized in Daytona Beach in stable condition. The six people brought to a different Halifax hospital in Port Orange with crash-related injuries had all been discharged, Cogdell said.

A spokeswoman at Florida Memorial Medical Center would not release information on the patients brought to that hospital.

Track President Joie Chitwood, meanwhile, said if any fans are uncomfortable with their up-close seating for the Daytona 500, officials would work to move them.

"If fans are unhappy with their seating location or if they have any incidents, we would relocate them," Chitwood said. "So we'll treat that area like we do every other area of the grandstand. If a fan is not comfortable where they're sitting, we make every accommodation we can."

There were several wrecks during the Daytona 500, though nothing that put fans in danger. Jimmie Johnson won the race for the second time.

Larry Spencer of Nanticoke, Pa., said he wasn't sure if he wants to ever sit that low again after his 15-year-old brother, Derrick, needed three stitches in his cheek after being hit by metal debris flying from Saturday's crash. A day after sitting close to the fence, they returned with tickets dozens of rows farther away from the track.

"I thought it was just neat to see the cars going by that close," Spencer said. "After yesterday, though, I definitely will reconsider sitting lower ever again."

The tire that flew into the stands landed a couple of rows above where they had been standing. After the crash, looking around at the people seriously injured, Spencer said he decided to take his brother to a hospital himself so that speedway crews and paramedics could focus on the people who needed more help.

"The only way to describe it was like a bomb went off, and the car pretty much exploded," Spencer said.

Track workers finished repairs about 2 a.m. Sunday, having installed a new fence post, new metal meshing and part of the concrete wall.

Officials decided not to rebuild the collapsed cross-over gate, which allows fans to travel between the stands and the infield before races.

Daytona has a grandstand remodel planned. Chitwood said the injuries could prompt a redesign that might include sturdier fences or stands further away from the on-track action.

"It's tough to connect the two right now in terms of a potential redevelopment and what occurred," Chitwood said. "We were prepared yesterday, had emergency medical respond. As we learn from this, you bet: If there are things that we can incorporate into the future, whether it's the current property now or any other redevelopment, we will.

"The key is sitting down with NASCAR, finding out the things that happened and how we deal with them."

Daytona reexamined its fencing and ended up replacing the entire thing following Carl Edwards' scary crash at Talladega Superspeedway in Alabama in 2009. Edwards' car sailed into the fence and spewed debris into the stands.

"We've made improvements since then," Chitwood said. "I think that's the key: that we learn from this and figure out what else we need to do."

NASCAR plans to take what remained of Larson's sheared car along with debris back to its research and development center in Charlotte, N.C., for testing.

"We'll bring in the best and brightest," said Steve O'Donnell, NASCAR's senior vice president for racing operations. "Anything we can learn will be put in place. ... Fans are our first priority. Obviously we want everybody to be safe at an event. We've talked to the speedway. We're confident in what's in place at today's event. Certainly still thinking about those affected, but we're confident to move forward for this race."

The 12-car crash began as the front-runners approached the checkered flag. Leader Regan Smith attempted to block Brad Keselowski for the win, triggering a pileup that could have been much worse.

Larson's burning engine wedged through a gaping hole in the fence. Parts and pieces of his car sprayed into the stands, including a tire that cleared the top of the fence and landed midway up the spectator section closest to the track.

The 20-year-old Larson stood in shock a few feet from his car as fans in the stands waved frantically for help. Smoke from the burning engine briefly clouded the area, and emergency vehicles descended on the scene.

Ambulance sirens could be heard wailing behind the grandstands at a time the race winner would typically be doing celebratory burnouts.

"It was freaky. When I looked to my right, the accident happened," Rick Harpster of Orange Park said. "I looked over and I saw a tire fly straight over the fence into the stands, but after that I didn't see anything else. That was the worst thing I have seen, seeing that tire fly into the stands. I knew it was going to be severe."

In 1987, Bobby Allison's car lifted off the track at Talladega while running over 200 mph, careening into the steel-cable fence and scattering debris into the crowd. That crash led to the use of horsepower-sapping restrictor plates at Talladega and its sister track in Daytona, NASCAR's fastest layouts.

As a result, the cars all run nearly the same speed, and the field is typically bunched tightly together ? which plenty of drivers have warned is actually a more dangerous scenario than higher speeds.

"That's one of the things that really does scare you," Allison said. "But it's always a possibility because of the speeds, where they are."

___

Associated Press writer Jennifer Kay in Miami contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-02-24-NASCAR-Daytona-Fans%20Injured/id-5fc6907034b046fa8b5eb67d12fc573c

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Ford to pay CEO bonus at leaving

SOUTHFIELD, Mich. ? Ford will pay a bonus to CEO Alan Mulally after his employment ends as reward for leading the second-largest U.S. automaker through its turnaround.

The payment will be based on Ford?s contributions to Mulally?s company retirement and benefit equalization plans, the Dearborn, Mich., company said in a regulatory filing. Ford reported net income of $5.67 billion for 2012 and its shares climbed 20 percent, outpacing the Standard & Poor?s 500 Index?s 13 percent rise.

The agreement for the payment was dated Feb. 13 and is ?a clarification of a prior agreement,? said Jay Cooney, a company spokesman.

?Nothing has changed.? No amounts were disclosed in the accord.

Ford reclaimed investment-grade credit ratings and paid out its first dividend since 2006 on the strength of its namesake brand, the only vehicle line to top 2 million U.S. sales last year.

Mulally, 67, has instituted a global product development plan called One Ford to boost profits by selling the same models globally, rather than different versions for various regions.

Ford has earned $35.2 billion the past four years after losing $30.1 billion from 2006 through 2008. Executive Chairman Bill Ford elevated Mark Fields to chief operating officer in December from president of the Americas, positioning the 23-year veteran of the company to succeed Mulally after 2014.

Mulally?s compensation for 2012, including salary and benefits, will be revealed in the company?s proxy statement. Ford rewarded Mulally with stock worth $58.3 million in March of last year and $56.6 million a year earlier.

Ford also provided some detail on the Venezuelan government?s Feb. 8 decision to devalue its currency to an exchange rate of 6.3 bolivars to the U.S. dollar and the effect that move will have on the automaker?s operations in the country.

Ford had $620 million in net monetary assets denominated in Venezuelan bolivars as of the end of last year, according to last week?s filing. Ford would have recorded a translation loss of about $200 million in its year-end financial statements had the devaluation occurred before the end of last year, the company said.

?Our ability to obtain funds at the official exchange rate has been limited,? Ford said in the Feb. 19 filing. ?Continuing restrictions on the foreign currency exchange market could affect our Venezuelan operations? ability to pay obligations denominated in U.S. dollars as well as our ability to benefit from those operations.?

The automaker also reported that North American automotive employment increased to 80,000 at the end of 2012 from 75,000 a year earlier. Total Ford employment increased 4.3 percent to 171,000.

Rising demand for F-Series pickups in Ford?s home market paced a record $8.34 billion annual pretax profit for the company?s operations in North America.

Source: http://www.journalgazette.net/article/20130224/BIZ/302249906/-1/BIZ09

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Grief besets family of Pistorius' slain girlfriend

JOHANNESBURG (AP) ? Far from the courtroom drama that has gripped South Africa, the family of Oscar Pistorius' slain girlfriend has struggled with its own private deluge of grief, frustration and bewilderment.

The victim's relatives also harbor misgivings about efforts by the Olympian's family to reach out to them with condolences.

Pistorius, meanwhile, spent Saturday at his uncle's home in an affluent suburb of Pretoria, the South African capital, after a judge released him on bail following days of testimony that transfixed South Africa and much of the world. He was charged with premeditated murder in the shooting death of girlfriend Reeva Steenkamp in the early hours of Valentine's Day, but the athlete says he killed her accidentally, opening fire after mistaking her for an intruder in his home.

"We are extremely thankful that Oscar is now home," his uncle, Arnold Pistorius, said in a statement that also acknowledged the law must run its course. "What happened has changed our lives irrevocably."

The Pistorius family took steps to lower its profile on social media after someone hacked into the Twitter account of his older brother, Carl, family spokesman Janine Hills said.

"Carl did not tweet this afternoon, out of respect to Oscar and Reeva," Hills said in a statement. "We are busy cancelling all the social media sites for both Oscar's brother and his sister."

Mike Steenkamp, Reeva's uncle, told The Associated Press that the family of the double-amputee athlete initially did not send condolences or try to contact the bereaved parents, but had since sought to reach out in what he described as a poorly timed way. After Pistorius was released on bail in what amounted to a victory for the defense, Arnold Pistorius said the athlete's family was relieved but also in mourning "with the family" of Reeva Steenkamp.

"Everybody wants to jump up with joy," Mike Steenkamp said, speculating on the mood of Pistorius' family after the judge's decision. "I think it was just done in the wrong context, completely."

A South African newspaper, the Afrikaans-language Beeld, quoted the mother of Reeva Steenkamp, a 29-year-old model, law school graduate and participant in a television reality show, as saying the family had received a bouquet of flowers and a card from the Pistorius family.

"Yes, but what does it mean? Nothing," June Steenkamp said, according to the Saturday edition of Beeld. She also said Pistorius' family, including sister Aimee, a somber presence on the bench behind the Olympian during his court hearings in the past week, must be "devastated" and had done nothing wrong.

"They are not to blame," June Steenkamp said. According to Beeld, she said she had hoped to plan a wedding for her daughter one day.

In an affidavit, 26-year-old Oscar Pistorius said he was "absolutely mortified" by the death of "my beloved Reeva," and he frequently sobbed in court during the several days during which his bail application was considered. However, prosecutor Gerrie Nel, suggested in a scathing criticism that Pistorius was actually distraught because his vaunted career was now in peril and he was in grave trouble with the law.

"It doesn't matter how much money he has and how good his legal team is, he will have to live with his conscience if he allows his legal team to lie for him," Barry Steenkamp, Reeva's father, told Beeld.

"But if he is telling the truth, then perhaps I can forgive him one day," the father said. "If it didn't happen the way he said it did, he must suffer, and he will suffer ... only he knows."

Barry Steenkamp suffered "heavy trauma" at the loss of his daughter and his remarks to the newspaper partly reflect how he is working through it, said his brother, Mike Steenkamp.

Steenkamp was cremated in a funeral ceremony on Feb. 19 in her family's hometown of Port Elizabeth on South Africa's southern coast. Mike Steenkamp delivered a statement about the family's grief to television cameras, at one point breaking down in tears.

The three-story house where Pistorius is staying with his aunt and uncle lies on a hill with a view of Pretoria. It has a large swimming pool and an immaculate garden.

Pistorius was born without fibula bones due to a congenital defect and had his legs amputated at 11 months. He has run on carbon-fiber blades and was originally banned from competing against able-bodied peers because many argued that his blades gave him an unfair advantage. He was later cleared to compete. He is a multiple Paralympic medalist, but he failed to win a medal at the London Olympics, where he ran in the 400 meter race and on South Africa's 4x400 relay team.

Source: http://news.yahoo.com/grief-besets-family-pistorius-slain-girlfriend-143751649--oly.html

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Herbalife recalls some Nutritional Shake Mix due to milk allergen

(Reuters) - Herbalife Ltd said on Friday it was recalling some of its Nutritional Shake Mix because although the label said it was dairy free it may contain "trace amounts" of milk proteins.

The company said in a statement that people with severe allergies to milk run the risk of serious or life-threatening allergic reaction if they consume products containing milk proteins.

Herbalife said there had been no reports to date of any illnesses or adverse health effects associated with the affected products and that it had notified the U.S. Food and Drug Administration.

The company, which sells products through a network of independent distributors, said the product was distributed in the United States from January 16, 2013, through February 16, 2013, exclusively to individual independent distributors as cartons of 12 packets or as single-serving packets in the company's introductory business pack. It said the lot numbers were 133405G10, 133408G10, and 133409G10.

Independent distributors were being contacted by telephone and U.S. mail to alert them to the recall, the company said.

(Reporting by Neha Alawadhi in Bangalore)

Source: http://news.yahoo.com/herbalife-recalls-nutritional-shake-mix-due-milk-allergen-003401555--finance.html

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Talk of peace with Pakistan Taliban angers victims

PESHAWAR, Pakistan (AP) ? Hazratullah Khan, who lost his right leg below the knee in a car bombing, answers immediately when asked whether the Pakistani government should hold peace talks with Taliban leaders responsible for attacks like the one that maimed him.

"Hang them alive," said the 14-year-old, who survived the explosion on his way home from school. "Slice the flesh off their bodies and cut them into pieces. That's what they have been doing to us."

Khan, who is from the Khyber tribal region, pondered his future recently at a physical rehabilitation center in Peshawar.

"What was my crime that they made me disabled for the rest of my life?" he asked as he touched his severed limb.

In recent weeks, the Pakistani government and Taliban forces fighting in northwestern tribal areas have expressed an interest in peace talks to end the years-long conflict. An estimated 30,000 civilians and 4,000 soldiers have died in terrorist attacks in Pakistan since Sept. 11, 2001 ? many at the hands of the Pakistani Taliban.

To many victims of Taliban violence, the idea of negotiating with people responsible for so much human pain is abhorrent. Their voices, however, are rarely heard in Pakistan, a country where people have long been conflicted about whether the Taliban are enemies bent on destroying the state or fellow Muslims who should be welcomed back into the fold after years of fighting.

The Associated Press spoke with victims of terrorist attacks in Peshawar, Lahore, Karachi, Quetta and the tribal areas and their families to find out how they felt about negotiating peace with the Taliban.

Khan's classmate, Fatimeen Afridi, who was also injured in the same bombing in Khyber, said he would be happy to see negotiations with the militants ? but only after those who maimed him were punished. Afridi's left leg was amputated below the knee, shattering his dream of becoming a fast bowler on Pakistan's cricket team.

"If I find them, I will throw them in a burning clay oven," he said.

The push for peace talks gained momentum in December when the leader of the Pakistani Taliban offered to negotiate. The government responded positively, and even hinted that the militants would not need to lay down their weapons before talks could begin. That would be a reversal of the government's long-held position that any talks be preceded by a ceasefire.

So far, there have been few concrete developments, and it's unclear whether Pakistan's powerful military supports negotiations.

Skeptics doubt the militants truly want peace and point to past agreements with the Taliban that fell apart after giving militants time to regroup. Others say negotiations are the only option since numerous military operations against the Taliban have failed.

The biggest question ? especially for many of the Taliban's victims ? is whether the Taliban will have to pay any price for the people they are believed to have killed and wounded. The government hasn't said whether it would offer the Taliban amnesty for past offenses.

Many of the victims feel forgotten, saying no one has asked their opinion about holding peace talks. They have to fight for what little health care they can obtain, and there's almost no assistance for dealing with psychological trauma caused by the attacks.

Dr. Mahboob-ur-Rehman runs a private medical complex in Peshawar, a large facility that houses a prosthetic workshop and a therapy school, where both Khan and Afridi are being treated. Rehman said the Pakistani army has a state-of-the-art facility to treat its soldiers while there is little help for civilians. He estimated that roughly 10,000 civilians have been permanently disabled after losing limbs in Pakistani Taliban attacks.

In the southern city of Karachi, 12-year-old Mehzar Fatima was shot in the back when a gunman killed her father, a Shiite Muslim. The sectarian groups often accused of carrying out such attacks are closely aligned with the Pakistani Taliban. The gunshot left her unable to move her legs and feet and she fears she might never use them again.

Her mother, Kishwar Fatima, said she's being pressured to leave the hospital where the girl is being treated because there's no government assistance to help pay her bills.

Those wounded in the violence feel further victimized because many Pakistanis don't even agree on who is to blame for their suffering.

Despite the huge loss of life and property, the views of many Pakistanis are influenced by right-wing, anti-American propaganda that spawns conspiracy theories about the terrorist attacks. Fellow Muslims could never commit acts of violence against their own people, they say, so someone else must be to blame. Some theories suggest U.S. and Indian intelligence agencies support the Taliban and other militant groups to destabilize Pakistan.

Some people who support the militants think the Taliban are better than many of Pakistan's corrupt politicians who have failed to deliver good governance. Many Pakistanis also say the militant problems in the tribal areas are a result of the U.S. military presence in Afghanistan and when the U.S. leaves, the Pakistani Taliban will also stop fighting.

Even some of the victims aren't sure who is to blame.

The Taliban claimed responsibility for a Feb. 2 suicide attack that killed 23 people in the northwestern city of Lakki Marwat. But Mohammad Shafi, whose 24-year-old son was among nine soldiers killed in the explosion, isn't convinced the attackers were members of the Taliban. He says Muslims would never hurt a fellow Muslim.

Instead, Shafi thinks his son ? a boxer who never lost a fight before he was shot seven times during the attack on an army post ? was killed by Hindu agents that archrival India sent, with U.S. assistance, to destabilize Pakistan. He said Pakistan should sever ties with the U.S. to abolish terrorism.

"If my son was killed by infidels, he has been martyred and will go to heaven," he said.

Confusion over who is responsible for the deadly violence also has some victims wondering if the Pakistani government makes peace with the Taliban, will it also make peace with other militant groups.

Will the government, for instance, hold talks with Lashkar-e-Jhangvi, a group linked to al-Qaida that is accused of killing more than 175 Shiite Muslims during the past two months in the southwestern city of Quetta?

Ghazanfar Ali lost his 24-year-old son in one of these attacks on Jan. 10 in Quetta. Another of his sons survived the same attack after three major surgeries.

Ali broke down in tears as he recalled sifting through rubble and identifying his son's body by the ring he had on his finger because his head and face were wounded beyond recognition.

"There can't be peace with the Taliban," he said. "They slaughter a son in front of his father and then chant 'God is great!'"

__

Associated Press writers Riaz Khan and Rasool Dawar in Peshawar; Zaheer Babar in Lahore; Abdul Sattar in Quetta; and Adil Jawad in Karachi, Pakistan contributed to this report.

Source: http://news.yahoo.com/talk-peace-pakistan-taliban-angers-victims-062726055.html

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Site work begins for behavioral health hospital on NC 73 ...

Posted on 21 February 2013.

Site work began Wednesday at the site of the planned Carolinas HealthCare System behavioral health hospital on NC 73 in Davidson. Equipment was at work Thursday morning. (David Boraks/DavidsonNews.net)

By DAVID BORAKS
DavidsonNews.net

The land deal has closed and bulldozers have finally arrived at the site of Carolinas HealthCare System?s planned $36 million behavioral health hospital off N.C. 73 in east Davidson. Contractors on Wednesday began clearing land for a construction entrance at the west end of property, and CHS officials say the hospital could open in a year.

Architect?s rendering offers a view of the planned hospital. (Town of Davidson planning department)

CHS recently bought 22 acres at the site from CommunityOne Bank, which has owned the property since foreclosing on the failed Davidson East project about 3 years ago. CHS bought 21.6 acres for $1.16 million, according to property sale records.

Meanwhile, another deal also closed recently for land around the hospital site, that town officials say could become a large residential development. An investment group with ties to Florida-based home builder Centerline Homes recently paid $3.5 million for much of the remaining land in former the Davidson East project.

HOSPITAL PROJECT MOVES AHEAD

The nonprofit hospital group had been seeking a location for the hospital for the past few years, saying it would fill a need for behavioral health care in the Lake Norman region. After the Huntersville Town Board rejected plans to put the hospital at NC 115 and Verhoeff Road, CHS picked Davidson. It announced plans for the 66-bed mental health hospital in May 2012.

Now that ground is broken, construction could proceed quickly: A CHS spokesman said this week the new hospital is expected to open in the first quarter of 2014.

Site plan for the hospital, which will set back from NC 73, at right. Click to download a larger version of the plan.

The hospital has obtained a permit to begin site work, though it has yet to submit a building permit application, according to town planning officials.

A company called Site Works is doing the initial clearing. CHS has chosen Robins & Morton as the general contractor.

STATE AND TOWN APPROVAL

The organization already has state approval to build the hospital in Davidson, based on need. And town officials said last year that the hospital fits the site?s current zoning, which would allow both housing and commercial campus development.

?We?re delighted to see this finally coming,? Mayor John Woods said Thursday. ?We wanted to encourage commercial campus kind of environment ? such as the hospital, for commercial tax base and job development.?

CHS has said it plans to create 155 jobs at the hospital. They?ll pay an average of $55,000 annually.

The site also would get a second, 10,000-square-foot medical office building under the healthcare system?s proposal. CHS officials say the two buildings could be expanded to meet future need, though that would require state approval. They?ve said previously that they most likely would seek to add beds for children.

CHS officials have said they?ll bear the cost of sewer and water lines. Those lines would bring service into the development and also could supply future projects at the site. CHS will spend $475,000 to install a sewer line and $121,000 to bring water into the site, officials have said.

The project has not been without opposition. A citizens group last year organized to fight the project, at one point threatening to sue. Some members argued that the hospital didn?t fit the zoning and that the hospital was an inappropriate use for the area.

RELATED COVERAGE

See our past coverage of the project under the ?Carolinas HealthCare System? tag

See the Town of Davidson website?s hospital project page, with related documents.

Source: http://davidsonnews.net/blog/2013/02/21/site-work-begins-for-behavioral-health-hospital-on-nc-73/

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Curiosity offers up first scoop of buried Martian dust

Jacob Aron, reporter

(Image: NASA/JPL-Caltech/MSSS)

Fresh powdered Mars, anyone? The upturned palm of NASA's Curiosity rover almost seems to be offering its first sample of Mars's insides to any passing geologists, but unfortunately they are all back on Earth. Drilled out of the Martian rock a couple of weeks ago, NASA scientists are now waiting for the rover to chow down on the sample, analyse it using an onboard chemistry lab and beam back the results.

The sample should give researchers a glimpse into Mars's past, as the newly exposed rock won't have undergone the same chemical weathering as the surface. It's already apparent that the grey powder in Curiosity's scoop is strikingly different from the rust-coloured soil we associate with the Red Planet. Ultimately the rover is looking for signs that Mars has ever been capable of supporting life.

Source: http://feeds.newscientist.com/c/749/f/10897/s/28d83c6e/l/0L0Snewscientist0N0Cblogs0Cshortsharpscience0C20A130C0A20Ccuriosity0Efirst0Escoop0Bhtml0Dcmpid0FRSS0QNSNS0Q20A120EGLOBAL0Qonline0Enews/story01.htm

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Lakers' Metta World Peace Awakened By Cops After Actors Show Guns

The Los Angeles Times.:

Early Tuesday morning, Metta World Peace was awakened to a bizarre scenario.

Read the whole story at The Los Angeles Times.

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Source: http://www.huffingtonpost.com/2013/02/21/lakers-metta-world-peace-awakened-cops-actors-guns_n_2736197.html

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Canon Gets Uncannily Real With New Mixed Reality Tech

Canon officially launched its new MREAL System for Mixed Reality on Wednesday. Unlike traditional virtual reality-type systems that essentially block out the real world, this new imaging solution simultaneously merges virtual objects with those of the real world at full scale and in three dimensions.

Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/28d1e70d/l/0L0Stechnewsworld0N0Crsstory0C773570Bhtml/story01.htm

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Carolina Panthers QB Cam Newton went on a Charlotte radio station to help a US Air Force member stationed in New Mexico propos...

SbB LIVE FROM LA (Feb 20, 2013 @ 10:37pm ET)

9:00 PM: Carolina Panthers QB Cam Newton went on a Charlotte radio station to help a U.S. Air Force member stationed in New Mexico propose to his girlfriend over the phone.

8:45 PM: John Ireland of 710 ESPN LA reports KCAL-TV will be showing live coverage of Thursday's memorial service for Lakers owner Jerry Buss.

8:30 PM: NFL Network analyst Deion Sanders tweeted on Wednesday: "Okay yall im just getting out of court today ex fighting My PRENUP like (Manny) Pacquiao. Whats all this talk about who's the best corner n the game"

8:15 PM: Tampa Bay Rays pitcher David Price said he wouldn't want to play for the New York Yankees because of the team's rules against facial hair: "I wouldn't sign a long-term deal there. Those rules, that's old-school baseball. I was born in '85. That's not for me. That's not something I want to be a part of."

8:00 PM: Vancouver Canucks forward Jannik Hansen has been suspended one game by the NHL for a hit to the back of the head of Chicago Blackhawks forward Marian Hossa during Tuesday's game.

7:45 PM: Boise State plans to name its new football complex after former athletic director Gene Bleymaier, who served the school for 29 years. Bleymeier has the famous blue turf installed at Bronco Stadium, but was fired in August 2011 due to NCAA violations.

7:30 PM: Missouri basketball coach Frank Haith has received a Notice of Allegations from the NCAA, charging him with "failure to promote an atmosphere of compliance" during his time coaching the Miami Hurricanes.

7:15 PM: Josh Level, a 17-year-old basketball player for New Garden Friends School in North Carolina, died after collapsing during a game Tuesday night.

7:00 PM: The agent for Cincinnati Reds pitcher Johnny Cueto says team won't allow Cueto to play in the World Baseball Classic for the Dominican Republic. Meanwhile, Reds first baseman Joey Votto has been named to Canada's WBC roster, although that doesn't mean he'll definitely play.

6:45 PM: Former Indianapolis Colts linebacker Dwight Freeney admitted that he was "a little disappointed" the team didn't try to re-sign him: "I figured they would offer me something low and I would just accept it, go the last few years and retire a Colt and that would be it. That didn't happen."

6:30 PM: New York Yankees pitcher Michael Pineda was sentenced to 12 months parole & 50 hours community service after pleading no contest to DUI charges from his arrest in Tampa last August. Pineda was also fined $500 and has his driver's license revoked for six months.

6:15 PM: TMZ reports that WWE wrestler Jack Swagger was arrested on DUI & pot possession charges following a "Smackdown" taping in Biloxi, Mississippi Tuesday night.

6:00 PM: Seattle Seahawks cornerback Richard Sherman & New York Jets cornerback Darrelle Revis got into a Twitter fight on Wednesday. Sherman claimed he's a better CB than Revis, with Revis responding: "I never seen a man before run his mouth so much like (a) girl."

5:45 PM: 29-year-old amateur boxer Jerimiah Moen died Wednesday morning after collapsing during a bout in East Grand Forks, Minnesota on Saturday.

5:30 PM: ESPN president John Skipper says his network is "comfortable" with Ray Lewis' history after hiring the former Baltimore Ravens linebacker as an NFL analyst.

Source: http://www.sportsbybrooks.com/sbblive?eid=48415

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Indie Mobile Devs Get A Leg Up With New Cross-Promotion Service From Chartboost, Execution Labs

Execution Labs, a Montreal-based gaming incubator, is teaming up with mobile game advertising and monetization startup Chartboost to create a new matchmaking program that will help indie game developers promote each others’ work. It would allow smaller developers to tap into cross-promotion, a strategy that has helped bigger game developers hold onto their millions of players as they get shuttled from one game title to the next. Big game developers like Zynga and Rovio routinely promote their new games in old titles. That makes it much cheaper for them to get millions of users for a new title. At the same time, it’s become harder than ever for brand-new game developers to break in. Yesterday, a Distimo report showed that just 2 percent of the top 250 publishers in the iPhone App Store were ?newcomers.” Android is not much better with just 3 percent qualifying as “newcomers” in the Android app store, Google Play. It’s a classic shift you see on software platforms, as early movers take advantage of lower marketing costs to gain reach and crowd out latecomers. Execution Labs is calling this matchmaking service the “Lab Partners” program. It will help indie mobile game developers find similar developers with whom they can set up advertising trades. They’ll be able to search for other games by platform and genre to see potential partners. So if a player enters one developers’ game, they’ll see ads for another studio’s similar titles. The service is free and is powered by Chartboost’s Direct Deals platform. Chartboost was founded by some former Tapulous employees and started off by facilitating direct advertising trades between mid- and large-size mobile developers. Over time, that grew into a gaming-centric mobile advertising network that now involves about 12,000 titles. The company’s revenues grew fast enough that the startup attracted a $19 million round led by Sequoia Capital earlier this year. Now Chartboost is envisioning itself as a business engine for games. While the company hasn’t shared its product roadmap for the coming year, it wouldn’t be hard to imagine it building out tools for retention and monetization later. As for Execution Labs, it’s a Montreal-based incubator backed by BDC Venture Capital, Real Ventures, and White Star Capital.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/jRtsyj39So8/

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Yaohua Wang receives Analytical and Bioanalytical Chemistry Best Paper Award 2012

Public release date: 19-Feb-2013
[ | E-mail | Share ]

Contact: Joan Robinson
joan.robinson@springer.com
49-622-148-78130
Springer

Young chemist awarded prize for her research in connection with the anticancer drug doxorubicin

Yaohua Wang (30) is the recipient of the Best Paper Award 2012, presented by the Springer journal Analytical and Bioanalytical Chemistry (ABC). Wang is the lead author of a paper published in ABC on a method to isolate peroxisomes with biological function from other cellular organelles. Her research could lead to further developments in the investigation of the anticancer drug doxorubicin. The award, accompanied by 1,000 euros, was created by Springer to honor exceptional young scientists and to stimulate their research careers. The ABC Best Paper Award has been given since 2005.

One of the major focuses of Yaohua Wang's research is the investigation of the subcellar distribution and metabolism of doxorubicin (DOX). DOX is effective in the treatment of hematological malignancies and cancers localized in solid tissues, however use of this drug is impaired by its side effects which may be associated with subcellular-specific accumulation of DOX metabolites. The most notorious side effect of DOX is cardiotoxicity, which is irreversible. Up to now, no one has investigated the accumulation and metabolism of DOX in peroxisomes. The investigation of DOX metabolism in peroxisomes provides a more comprehensive view of DOX toxicity in cells and is an indispensable part of Dr. Wang's research.

Yaohua Wang was born in 1982. She received her Ph.D. degree in analytical chemistry from the University of Minnesota in 2010. In 2008-2009, she received the Merck Research Laboratories Fellowship in Analytical/Physical Chemistry to recognize her outstanding research work.

Dr. Sylvia Daunert, Editor of ABC, said, "The elegant and innovative work of Dr. Wang and her mentor, Dr. Arriaga, focused on understanding the metabolism of DOX. It is important in that it sheds light on the mechanism of toxicity of a very well-known widely used anticancer drug. Her discoveries will help in understanding how drug resistance and drug toxicity occur in cellular compartments. This, in turn, can lead to the design and preparation of new drugs with reduced toxicity. The work of Dr. Wang is not only of analytical significance, but is also a perfect example of how bioanalytical work can impact the field of medicine."

###

Analytical and Bioanalytical Chemistry's mission is the rapid publication of excellent and high-impact research articles on fundamental and applied topics of analytical and bioanalytical science. Its scope is broad, encompassing the entire range of analytical and bioanalytical research and encouraging multidisciplinary solutions to problems in this field. ABC counts among the leading journals in its field and is partly owned by eight prestigious chemical societies.

Springer Science+Business Media is a leading global scientific publisher, providing researchers in academia, scientific institutions and corporations with quality content via innovative information products and services. Springer is also a trusted local-language publisher in Europe especially in Germany and the Netherlands primarily for physicians and professionals working in the automotive, transport and healthcare sectors.

The article "Analysis of the bioactivity of magnetically immunoisolated peroxisomes" is freely available online at www.springer.com/abc or can be requested as a pdf.

---

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.

Public release date: 19-Feb-2013
[ | E-mail | Share ]

Contact: Joan Robinson
joan.robinson@springer.com
49-622-148-78130
Springer

Young chemist awarded prize for her research in connection with the anticancer drug doxorubicin

Yaohua Wang (30) is the recipient of the Best Paper Award 2012, presented by the Springer journal Analytical and Bioanalytical Chemistry (ABC). Wang is the lead author of a paper published in ABC on a method to isolate peroxisomes with biological function from other cellular organelles. Her research could lead to further developments in the investigation of the anticancer drug doxorubicin. The award, accompanied by 1,000 euros, was created by Springer to honor exceptional young scientists and to stimulate their research careers. The ABC Best Paper Award has been given since 2005.

One of the major focuses of Yaohua Wang's research is the investigation of the subcellar distribution and metabolism of doxorubicin (DOX). DOX is effective in the treatment of hematological malignancies and cancers localized in solid tissues, however use of this drug is impaired by its side effects which may be associated with subcellular-specific accumulation of DOX metabolites. The most notorious side effect of DOX is cardiotoxicity, which is irreversible. Up to now, no one has investigated the accumulation and metabolism of DOX in peroxisomes. The investigation of DOX metabolism in peroxisomes provides a more comprehensive view of DOX toxicity in cells and is an indispensable part of Dr. Wang's research.

Yaohua Wang was born in 1982. She received her Ph.D. degree in analytical chemistry from the University of Minnesota in 2010. In 2008-2009, she received the Merck Research Laboratories Fellowship in Analytical/Physical Chemistry to recognize her outstanding research work.

Dr. Sylvia Daunert, Editor of ABC, said, "The elegant and innovative work of Dr. Wang and her mentor, Dr. Arriaga, focused on understanding the metabolism of DOX. It is important in that it sheds light on the mechanism of toxicity of a very well-known widely used anticancer drug. Her discoveries will help in understanding how drug resistance and drug toxicity occur in cellular compartments. This, in turn, can lead to the design and preparation of new drugs with reduced toxicity. The work of Dr. Wang is not only of analytical significance, but is also a perfect example of how bioanalytical work can impact the field of medicine."

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Analytical and Bioanalytical Chemistry's mission is the rapid publication of excellent and high-impact research articles on fundamental and applied topics of analytical and bioanalytical science. Its scope is broad, encompassing the entire range of analytical and bioanalytical research and encouraging multidisciplinary solutions to problems in this field. ABC counts among the leading journals in its field and is partly owned by eight prestigious chemical societies.

Springer Science+Business Media is a leading global scientific publisher, providing researchers in academia, scientific institutions and corporations with quality content via innovative information products and services. Springer is also a trusted local-language publisher in Europe especially in Germany and the Netherlands primarily for physicians and professionals working in the automotive, transport and healthcare sectors.

The article "Analysis of the bioactivity of magnetically immunoisolated peroxisomes" is freely available online at www.springer.com/abc or can be requested as a pdf.

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Source: http://www.eurekalert.org/pub_releases/2013-02/s-ywr021913.php

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