Wall Street ends lower after Fed statement

NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary.


Stocks were flat for most of the session prior to the Fed statement at the end of a two-day policy meeting. The Fed repeated its pledge to keep purchasing securities until employment improves substantially.


The statement followed data that showed the economy, as measured by gross domestic product, unexpectedly contracted in the fourth quarter. Economists stressed that the 0.1 percent contraction, caused partly by a plunge in government spending and lower business inventories, is not an indicator of recession.


"The unemployment rate is likely to fall below 6.5 percent next year, so the Fed may be raising interest rates as soon as mid-2014. The fiscal drag from the tax increases will be offset this quarter by rebuilding post-Sandy, so real GDP growth should still come in at 2 percent," said Kurt Karl, chief economist at Swiss Re.


The S&P 500 held above 1,500, seen by technical analysts as an inflection point that will determine the overall direction in the near term. The index is on track to post its best month since October 2011 and its best January since 1997.


"This is a very modest pullback after a steep run," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.


"It is too soon for the Fed to start talking about the end of (their bond buying program). The economy needs stimulus to sustain this recovery."


Chesapeake Energy rose 6 percent to $20.11 a day after it said Aubrey McClendon would step down as chief executive. The company has had a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.


After the bell, shares of Facebook Inc fell 5.9 percent to $29.40 following the company's earnings announcement. Facebook said its revenue in the fourth quarter grew 40 percent year-on-year to $1.585 billion.


Both Boeing Co and Amazon.com shares gained after earnings beat expectations, continuing a trend this quarter of high-profile names advancing after results.


Amazon rose 4.8 percent to $272.76 and Boeing rose 1.3 percent to $74.59.


The Dow Jones industrial average <.dji> was down 44.00 points, or 0.32 percent, at 13,910.42. The Standard & Poor's 500 Index <.spx> was down 5.88 points, or 0.39 percent, at 1,501.96. The Nasdaq Composite Index <.ixic> was down 11.35 points, or 0.36 percent, at 3,142.31.


Thomson Reuters data showed that of the 192 companies in the S&P 500 that have reported earnings this season, 68.8 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


Research In Motion shares fell 12 percent to $13.78 after the company, which is changing its name to BlackBerry, unveiled a long-delayed line of smartphones in hopes of a comeback into a market it once dominated.


Giving the market extra support, private sector employment topped forecasts with the ADP National Employment report showing 192,000 jobs were added in January, higher than the 165,000 expectation.


(Reporting by Angela Moon; Editing by Kenneth Barry)



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Lewis says he's 'agitated,' not angry, about story


NEW ORLEANS (AP) — Ray Lewis is "agitated."


Not because the Baltimore Ravens linebacker thinks the magazine report linking him to a company that purports to make performance-enhancers will affect his play or that of his teammates against the San Francisco 49ers in the Super Bowl — the final game of a 17-year NFL career that most assume will earn him a spot in the Pro Football Hall of Fame.


Rather, Lewis did not want to spend time discussing the subject in private with his head coach or in public with the media, as he did Wednesday, when his forceful denials — and attacks on the owner of the supplement company — meant the matter intruded for a second consecutive day on his retirement send-off.


"It's so funny of a story, because I never, ever took what he says or whatever I was supposed to do. And it's just sad, once again, that someone can have this much attention on a stage this big, where the dreams are really real," Lewis said, wearing his white No. 52 Ravens jersey, gray sweat pants and a black hat with the team's purple logo. "I don't need it. My teammates don't need it. The 49ers don't need it. Nobody needs it."


He smiled widely when the first question at his media session was about the topic — surely, he figured it was coming — then chuckled later while addressing it. Known for his frequent references to God and faith, Lewis called the whole episode a "joke" and a "trick of the devil," adding that he told teammates: "Don't let people from the outside ever come and try to disturb what's inside."


Sports Illustrated reported Tuesday that Lewis sought help from a company called Sports With Alternatives To Steroids (SWATS), which says its deer-antler spray and pills contain a naturally occurring banned product connected to human growth hormone. The 37-year-old Lewis, the MVP of the 2001 Super Bowl, is the leading tackler in the NFL postseason after returning from a torn right triceps that sidelined him for 10 games.


SI reported that company owner Mitch Ross recorded a call with Lewis hours after the player hurt his arm in an October game against Dallas. According to the report, Lewis asked Ross to send him deer-antler spray and pills, along with other items made by the company.


On Wednesday, Lewis called Ross a coward and said he "has no credibility."


Ross declined an interview request from The Associated Press but emailed a statement reading: "It is the view of SWATS and Mitch Ross that the timing of information was unfortunate and misleading and was in no way intended to harm any athlete. We have always been about aiding athletes to heal faster and participate at an optimum level of play in a lawful and healthy manner. We never encourage the use of harmful supplements and/or dangerous drugs."


Told by a reporter that he seemed angry, Lewis replied: "Me? Never angry. I'm too blessed to be stressed. Nah. You're not angry. You can use a different word. You can use the word 'agitated,' because I'm here to win the Super Bowl. I'm not here to entertain somebody that does not affect that one way or another."


Christopher Key, a co-owner of SWATS, said in a telephone interview that the company removed NFL players' endorsements from its website because "all the players were given letters by the NFL two years ago saying they had to cease and desist and could not continue to do business with us anymore."


NFL spokesman Greg Aiello confirmed that but did not respond to other requests for comment about SWATS or Lewis' involvement.


Teammates uniformly pushed the same message as Lewis and Ravens head coach John Harbaugh — "Everybody heard about it, but we're not worried about it," is the way rookie running back Bernard Pierce put it — and several said NFL players often are offered products to aid in muscle-building or recovery.


"You've got to be real careful. You've got to think there's a reason they're giving you this product," Pierce said. "If someone has success, another person wants to be mentioned in that — like, 'Oh, I'm the reason for that.' If anybody tries to give me anything or tries to sell me on their stuff, I say, 'Go right to my agent.'"


Wary of using something that has no real benefit — or, worse, that would result in a positive drug test administered by the league — players seek approval first from the NFL, the union, or a team trainer or doctor.


"I've been approached," Baltimore nose tackle Ma'ake Kemoeatu said. "They'll come to me and they tell me, 'This will help you with recovery and all that.' I say, 'OK. I appreciate it.' And then I will call the NFL."


Another athlete mentioned in the SI story, three-time golf major champion Vijay Singh, released a statement Wednesday at the Phoenix Open, acknowledging he used deer-antler spray and saying he wasn't aware that it may contain a substance banned by the PGA Tour.


Sports Illustrated reported that when it spoke to Lewis for its story, he acknowledged asking Ross for "some more of the regular stuff" on the night of the injury and that he has been associated with the company "for a couple years."


Lewis' stance was different Wednesday.


"He told me there's nothing to it. ... He's told us in the past, he's told us now, that he's never taken any of that stuff, ever," Harbaugh said. "And I believe Ray. I trust Ray completely. We have a relationship. I know this man. And I know what he's all about. It's just too bad it has to be something that gets so much play."


While Lewis did face a handful of questions about SWATS, plus some on-field topics, he never had to deal Wednesday with a single reference to a dark chapter in his life: He pleaded guilty to obstruction of justice in connection with the stabbing deaths of two men after a Super Bowl party at an Atlanta nightclub in 2000.


"We all in here have a past. You know? But how many people actually dwell into it? You know? Nah, it ain't about your past. It's about your future," Lewis said in response to a question about keeping focused on Sunday's game.


"And for me and my teammates, I promise you, we have a strong group of men that we don't bend too much, and we keep pushing forward. So it's not a distraction at all for us," he said, raising a clenched fist.


"The trick of the devil is to kill, steal and destroy. That's what he comes to do. He comes to distract you from everything you're trying to do. There's no man ever trained as hard as our team has trained. There's no man that's went through what we went through," Lewis said. "So to give somebody credit that doesn't deserve credit, that would be a slap in the face for everything we went through."


Asked about deer-antler spray, 49ers tight end Vernon Davis' take was, "I don't think Ray would take any substance."


Carlos Rogers, a San Francisco cornerback, chuckled when asked about it and what effect the headlines could have on the Ravens.


"I don't think they'll get a distraction. I don't know what to make of that. I heard it was something that can't be detected. They can't test (for) it, anyway," Rogers said. "Him saying that he's never failed a test, he probably hasn't failed a test for what they test for."


Boasting that "you will never fail a drug test from taking our product," SWATS co-owner Key said the company has sold its products to more than 20 college football players each at Southeastern Conference schools Alabama, Auburn, Mississippi, LSU and Georgia.


Alabama has sent two cease-and-desist letters to SWATS, university spokeswoman Debbie Lane said, adding: "UA has been aware of this situation for some time, and we have monitored this company for several years." Auburn and LSU representatives also said they have asked the company to stay away from students.


___


AP Sports Writer John Zenor in Tuscaloosa, Ala., contributed to this report.


___


Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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South Korea Launches Rocket in 1st Space Success






South Korea launched its first homegrown rocket into space Wednesday (Jan. 30) after a series of delays and two earlier failures, marking a spaceflight leap for the country’s space program, according to press reports.


The Korean Space Launch Vehicle-1, also known as the Naro booster, soared into space from South Korea’s Naro Space Center 300 miles (482 kilometers) south of Seoul. The rocket launch was aimed at sending the small Science and Technology Satellite 2C (STSAT-2C) into orbit, Yonhap News reported today.






“At 4 p.m. today, the Naro was successfully launched. The satellite was deployed 540 seconds after the launch and an analysis of related data shows the satellite has successfully entered its target orbit,” Lee Ju-ho, minister of education, science and technology told Yonhap News Agency.


Today’s successful liftoff marks South Korea’s third launch attempt to send a satellite into orbit, and the country’s first attempt since 2010. South Korea’s attempts to launch the Naro rocket in 2010 and 2009 met with failure, with this latest mission experience weeks of delay due to technical issues.


Today’s launch carried the 220-pound (100 kilograms) STSAT-2C satellite into orbit atop the 108-foot-tall (33 meters) KSLV-1 rocket. The rocket consists of a Russian-built first stage and a South Korean upper stage.  


Officials won’t be sure the satellite made it into orbit unscathed until Thursday (Jan. 31) when the spacecraft can make contact with ground stations in South Korea the news agency goes on to report. A ground station in Norway did pick up beacon signals from the satellite, suggesting that it is performing as expected, mission officials said.


The STSAT-2C satellite was expected to reach a final orbit that circles the Earth once every 103 minutes, with a high point about 932 miles (1,500 km) above the planet and a low point of about 186 miles (300 kilometers), according to previous mission descriptions.


South Korea’s successful rocket launch comes just over a month after its nearest neighbor, North Korea, successfully launched its own Unha-3 rocket and a satellite into orbit in December. U.S. and other observer nations, however, suspect the North Korean rocket launch was a veils missile test to support that country’s ballistic missile program.


Follow Miriam Kramer on Twitter @mirikramer or SPACE.com @Spacedotcom. We’re also on Facebook & Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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BlackBerry must remember strengths






STORY HIGHLIGHTS


  • BlackBerry sales have slumped in the U.S. but is still strong in emerging markets

  • New models launched should remember why they are popular in developing world

  • In places like Brazil and South Africa, the 10 is the update to their current phone

  • in Sub-Saharan Africa there is expected to be 175 million new customers in the next 3 years




Watch Jim Clancy on CNN International's "The Brief" at 4p.m. ET GMT Friday.


(CNN) -- BlackBerry's loss of market share in the U.S. is the stuff of legends. Last fall, it was estimated only about 2% of American phone users were still carrying their BlackBerry mobile with its iconic keypad.


But consider this: sub-Saharan Africa is expected to add 175 million new mobile users in just the coming 3 years. That's according to the GSMA, which represents the world's mobile operators.


"Mobile has already revolutionized African society and yet demand still continues to grow by almost 50 percent a year," said Tom Phillips, Chief Government and Regulatory Affairs Officer, GSMA.


That could be good news indeed for BlackBerry. Research in Motion, the maker of BlackBerry, estimates it holds a 70% market share in countries like South Africa.


The company's new phones, announced this week, are not the ones some of its best customers in emerging markets would like to buy. They're too expensive. But Research in Motion -- which also this week changed its company name to BlackBerry -- is pledging some of its six new models will address that.


While millions in China, Europe and the U.S. have adopted Android or iOS smartphones with a vengeance, millions more users in emerging markets are enthused about what's in store for the new BlackBerry 10. It's the update for what many of them are already using.






They live in countries like Brazil, Malaysia, Nigeria, Kenya and South Africa. They have embraced the BlackBerry for a combination of factors that all point to the different way mobile devices are used.


Unlike their counterparts in Europe and America, the mobile in their pocket is more likely to be their primary link to the internet.


BlackBerry Messenger is the connection that allows these users unlimited conversations without paying charges for SMS data. While young, brand-conscious Chinese may be willing to part with several months' salary to buy the latest iPhone, African users are looking for more practical (and cheaper) connections.


What separates developed countries from their developing counterparts at street level can be summed up in a single word: infrastructure.


Isobel Coleman, senior fellow and Director of the Civil Society, Markets and Democracy Initiative at the Council on Foreign Relations, says mobile technology has proved it can bridge the gap where infrastructure is lacking.


"It's a culture, it's an economy, it's innovation, education, healthcare, it's all of these things," says Coleman.


You can take that to the bank. For many Africans, their cell phone account is the first bank account they've ever owned.


In emerging markets, mobile phone banking is growing because of the lack of infrastructure. Fewer bank branches often mean long distances to travel and long lines once you've arrived.


Africans are expected to transfer more than $200 billion per year or 18% of the continent's GDP by 2015.


Oh, and that keyboard. No matter where you are in the world, there will always be a demand for a keyboard that clicks. The company appears to understand that as BlackBerry 10 models come with both soft keypads and the traditional BlackBerry buttons.


I asked some of my Twitter followers to weigh in on the BlackBerry 10 roll out. While some said Android or Apple's iOS were in their future plans, many others expressed continued enthusiasm for the BlackBerry.


Soji, a pianist and teacher in Nigeria tweeted back "I'm falling in love with this BB. Cheaper to own."


From Kuala Lumpur, Amir wrote "I need a physical keyboard to type while also having a touch-screen for photos etc. Security factor also important."


Hans-Eric from South Africa reinforced the sentiments of many mobile users in emerging markets: "The cost of data is simply too high without it (BlackBerry.)"


The voices from emerging markets couldn't have been clearer. What they expect from BlackBerry 10 is a stronger, longer lasting battery, durability and continued low cost connectivity.


CFR's Coleman agrees that BlackBerry (and anyone else) trying to win and hold this mobile device sector has to understand how these devices are being used and give the customers what they want.


"Cheap. Rugged. Not too many bells and whistles. Practical."


There is little doubt smartphones are changing the way people use the internet, how they bank, shop and interact socially.


But it's worth keeping in perspective that in a world where there are now an estimated 1 billion smartphones, there are 5 billion feature phone users. That's a lot of upside growth potential for BlackBerry and all the other players out there.







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$11K reward offered in slaying of girl 'destined for great things'









With outrage over his daughter's death spreading from City Hall to the White House, Nathaniel Pendleton made a public plea Wednesday for someone to step forward and bring the 15-year-old's killer to justice.

"They took the light of my life," Pendleton said at a news conference, where a $11,000 reward was announced for information about Tuesday's slaying of Hadiya Pendleton. "This guy, whoever he was, the gunman, man, you took the light of my life. Just look at yourself and just know that you took a bright person, an innocent person, a non-violent person."

Shaking his head and collecting himself, he continued, "This kid didn't like violence at all, didn't even like to fight, avoided a fight, moved away from anything that was not positive. She was a majorette, just came back from the inauguration. She was destined for great things and you stripped that from her."

Hadiya, who last week performed at President Barack Obama's inaugural festivities, was killed when a gunman opened fire on a group of students at Harsh Park, just blocks from King College Prep and about a mile from Obama's home in Kenwood on the South Side.

Presidential spokeman Jay Carney, asked about Hadiya's death Wednesday, said it was a “terrible tragedy” any time a young person is struck down “with so much of their life ahead of them.”

“The president and first lady's thoughts and prayers are with the family of Hadiya Pendleton,” he said. “All of our thoughts and prayers are with her family.”

Carney, asked about a petition urging President Barack Obama to attend Pendleton’s funeral, said he was not aware of the petition and had no scheduling announcements to make.

When asked if Obama had reached out to Pendleton’s family, Carney said he had no communications to share with reporters.

Carney also said that when Obama talks about gun violence in America he is not talking only about Newtown (Conn.) or Aurora (Colo.) or Oak Creek (Wis.) or Virginia Tech, but to shootings in Chicago and other parts of the country.

He added that while "we may not be able to prevent every act of gun violence. . .we need to take action to reduce gun violence” and “make sure that we’re doing everything we can in a responsible way to reduce this violence, to protect our children, including Hadiya Pendleton and others.”

Hadiya's death also came up at a news conference by Mayor Rahm Emanuel as a particularly violent January in Chicago draws to a close.

Emanuel called Hadiya "what is best in our city" and urged anyone with information about the slaying to come forward.

"If anybody has any information, you are not a snitch, you're a citizen," the mayor said. "You're a good citizen in good standing if you help."

The mayor said he talked this morning with Police Superintendent Garry McCarthy, "going over what we need to do, what differences we have to do, what other tactics we have to adopt." He did not say what plans he and McCarthy discussed.

Later, McCarthy appeared with Hadiya's father at a news conference at Harsh Park to announce the reward.

"The fact is, at this point, we have very little to go on. The fact is that somebody knows something," he said, surrounded by family members and community leaders.

The Rev. Michael Pfleger, pastor of St. Sabina Church on the South Side, said the reward will be "a bounty out on the head of a killer before you kill somebody else.

"Your butt needs to be in jail," he said. "Somebody knows. . .right now, sitting in their home some young person knows, some young friend of theirs knows, some parent knows, some adult knows. Where are you?"

Pfleger compared Hadiya's slaying to the mass murder of school children in Newtown, Conn. "We should be just as outraged," he said.

Hadiya was hanging out with her volleyball team at Harsh Park after taking exams Tuesday afternoon. About a dozen teens had taken shelter under a canopy during a rainstorm when a boy or man jumped a fence in the park, ran toward them and opened fire around 2:20 p.m., police said.

Hadiya was wounded in the back and a 16-year-old boy -- also a student at King -- was shot in the leg, police said. The attacker got into a white Nissan auto and fled, police said. No arrests have been reported.

Today, Hadiya's family was inside their South Side home exchanging stories about her quirks and sense of humor.

Ten-year-old Nathaniel Pendleton Jr. recalled the way his big sister would often greet him with a few gentle slaps on his cheeks whenever she came home from school.

"She said it was with love," he said.

Nathaniel etched "I miss you" and "I love you" on his arm Wednesday. "It's very painful to see your big sister get slaughtered," the soft-spoken Nathaniel said, tearing up as he went through photos of his big sister on his phone.


His father said he would miss Hadiya's bright smile the most. He said the family had been saving up for her upcoming trip to Paris and was excited to see her go abroad.

"I just knew she wanted to go and I knew it was a very good opportunity for her. . .to get cultured," Pendleton Sr. said.

The father said he didn't get a chance to speak to his daughter on the day she died. He was headed to Hadiya's godfather's house when he learned of the shooting.

Pendleton said he did not fear for his daughter's safety around the school.

"She had good energy, very good energy," he said. "And the thing is. . .You don't expect good energy to attract bad energy. Never in a million years I thought I would get this call."


Kimiko Pettis, Hadiya's 32-year-old aunt, laughed when she talked about her niece's goofy personality. "We really miss her," Pettis said. "She was a remarkable young lady and such a great asset to our family."

Hadiya was a busy but lighthearted teen, always trying to get a laugh from her family. Just Tuesday, she put on what she thought was a "fabulous outfit" and make-up before school.

"She popped out of the bathroom saying. 'I'm ready!' " Pettis said, throwing her arms in the air.

Pettis said her niece loved Coldplay and Maroon 5. "You could not find any urban music on her phone," Pettis said with a laugh. "And she had two left feet."

Last year, Hadiya traveled with her school band to perform at Marti Gras in New Orleans, Pettis said. Last week, she had performed at Obama’s inauguration festivities. This year's travel plans included Dublin and Paris with the band, her aunt said, a trip she was very much looking forward to.

Though only a sophomore, Hadiya had aspirations to become a pharmacist or a journalist, Pettis said. Because she couldn't decide, family encouraged her to do both with a possible double major. She had interest in attending Northwestern University, her aunt said.

Hadiya was such a whirlwind of activity, relatives would jokingly tell her to slow down.

"There were a lot of good opportunities that were coming her way. She was just taking them all,” said Lakeisha Stewart, 37, Hadiya’s godmother. "She was the kid who you had to say, ‘Slow down, you can’t do everything.' "

Just last week, at the inauguration, Hadiya sent her godparents a text and a photo of her and her teammates in Washington, D.C., Stewart said.  She had not gotten the chance to talk to Hadiya about the details of the trip since she returned from the East Coast.

Hadiya’s parents made sure she stayed involved in school, said her godfather, Damon Stewart, 36, an attorney and Chicago police officer. He said she was in the wrong place at the wrong time.

“Her life was dominated by her activities and the things she was into,” he said.

“I’ve known this little girl her entire life," added Lakeisha Stewart. "I can’t think of a moment that this child did anything wrong. She always strived to do the right thing."

At King today, Bria Carter and two friends said the halls of the school were unusually quiet as students mourned Hadiya’s death.

"People are crying at school," said Carter, 17, a friend of Hadiya. "Those who knew her are so hurt.

"She was an amazing person -- always positive," Carter said. "She was one of those people everyone loved. She was the sweetest thing."

Brothers Addison and Zion Morgan said many of their classmates took to social media Tuesday night to express their emotions.

"Based off of the tweets, everyone is surprised and shocked by this," said senior Addison Morgan, 17.

Freshman Zion Morgan, 15, said he was in a U.S. History class with Hadiya.  "She was always smiling," Zion Morgan said. "She would always raise her hand in class."

School Principal Shontae Higginbottom said Hadiya was well-loved at the school, and students and staff are devastated.

"This is a great loss to us, she was a wonderful student. She was well-loved by her friends, well-adored by her teachers. We are going to miss her. Our hearts are so heavy, we have to stop the violence, we have to save our children," said Higginbottom.

At the park, neighbors along the well-maintained North Kenwood block could not remember any trouble there before.

The small park's bright blue and orange playground equipment is often used by toddlers down the street, a neighbor said, but otherwise remains quiet.

A neighbor, who declined to be named, lives next door to the park and said it's a "perfect neighborhood."

Teens and older children are not often visitors of the park, he said. The block is filled with "Harvard attorneys," "business owners" and other executives, the neighbor said. "No one knows about our block," he said. "It's a quiet place."

Hadiya's godmother agreed. “It amazed me when I found out what park it was," she said. "Nothing I have ever heard ever goes on over there.”

The shooting occurred about a mile from Obama's Kenwood home, but Emanuel said the circumstances do not carry symbolic significance.

"It's not the mile from a house. Wherever it happens in the city of Chicago is where I consider it," the mayor said while talking to reporters at a news conference about a West Humboldt Park company building new seats for CTA buses.

"While you may say it's a mile from the president's house, my view is, it's in the city of Chicago, regardless of where it happens," Emanuel added.

Ald. Will Burns, 4th, appearing with McCarthy, noted that the community and King Prep have steadily improved over the last 20 years.

"King High School went from being one of the worst high schools in the city of Chicago to being a selective enrollment high school," he said. "These young people were going to one of the best schools in the city of Chicago and they were spending their time in a park, which is what parks are there for, for young people to enjoy themselves and recreate and do something positive."

"This is not my community, these are not the people I know and love," he said referring to the killer. "No gang controls this ward."








Tribune reporters Carlos Sadovi and Christi Parsons contributed.


Chicagobreaking@tribune.com


Twitter: @ChicagoBreaking





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French troops deployed in last Mali rebel strongholds


DOUENTZA, Mali/PARIS (Reuters) - French troops seized the airport in Mali's northern town of Kidal, the last urban stronghold held by Islamist insurgents, as they moved to wrap up the first phase of a military operation to wrest northern Mali from rebel hands.


France has deployed some 4,500 troops in a three-week ground and air offensive to break the Islamist rebels' 10-month grip on major northern towns. The mission is aimed at heading off the risk of Mali being used as a springboard for jihadist attacks in the wider region or Europe.


The French military plans to gradually hand over to a larger African force, tasked with rooting out insurgents in their mountain redoubts near Algeria's border.


Defense Minister Jean-Yves Le Drian said French forces using planes and helicopters defied a sandstorm late on Tuesday to capture the airport but had been prevented by the bad weather from entering the town itself.


"The terrorist forces are pulling back to the Adrar des Ifoghas mountains which are difficult to access," Le Drian told a news conference. "There is support from Chadian and Nigerian troops coming from the south."


The deployment of French troops to remote Kidal puts them in direct contact with pro-autonomy Tuareg MNLA rebels, whose rebellion last year was hijacked by the Islamist radicals. Le Drian said France had established good relations with local Tuareg chieftains before sending in troops.


MNLA leaders say they are ready to fight al Qaeda but many Malians, including the powerful military top brass in the capital Bamako, blame them for the division of the country. They view Paris' liaisons with the Tuaregs with suspicion.


French and Malian troops retook the major Saharan trading towns of Gao and Timbuktu at the weekend.


There were fears that many thousands of priceless ancient manuscripts held in Timbuktu, a UNESCO World Heritage site, might have been lost during the rebel occupation, but experts said the bulk of the texts were safe.


The United States and European governments strongly support the Mali intervention and are providing logistical and surveillance backing but do not intend to send combat troops.


The MNLA rebels, who want greater autonomy for the desert north, said they had moved fighters into Kidal after Islamists left the town earlier this week.


"For the moment, there is a coordination with the French troops," said Moussa Ag Assarid, the MNLA spokesman in Paris.


A spokesman for the Malian army said its soldiers were securing Gao and Timbuktu and were not heading to Kidal.


The MNLA took up arms against the Bamako government a year ago, seeking to carve out a new independent desert state.


After initially fighting alongside the Islamists, by June they had been forced out by their better armed and financed former allies, who include al Qaeda North Africa's wing, AQIM, a splinter wing called MUJWA and Ansar Dine, a Malian group.


RISK OF ATTACKS, KIDNAPPINGS


As the French wind up the first phase of their offensive, doubts remain about just how quickly the U.N.-backed African intervention force can be fully deployed in Mali to hunt down the retreating al Qaeda-allied insurgents. Known as AFISMA, the force is now expected to exceed 8,000 troops.


Foreign Minister Laurent Fabius said France's military operation, codenamed Serval (Wildcat), was planned as a lightning mission lasting a few weeks.


"Liberating Gao and Timbuktu very quickly was part of the plan. Now it's up to the African countries to take over," he told the Le Parisien daily. "We decided to put in the means and the necessary number of soldiers to strike hard. But the French contingent will not stay like this. We will leave very quickly."


One French soldier has been killed in the mission, and Fabius warned that things could now get more difficult, as the offensive seeks to flush out insurgents with experience of fighting in the desert from their wilderness hideouts.


"We have to be careful. We are entering a complicated phase where the risks of attacks or kidnappings are extremely high. French interests are threatened throughout the entire Sahel."


An attack on the In Amenas gas plant in Algeria earlier this month by Islamist fighters opposing the French intervention in Mali led to the deaths of dozens of foreign hostages and raised fears of similar reprisal strikes across North and West Africa.


NEED FOR RECONCILIATION


The French operation has destroyed the Islamists' training camps and logistics bases but analysts say a long term solution for Mali hinges on finding a political settlement between the northern communities and the southern capital Bamako.


Interim President Dioncounda Traore said on Tuesday his government would aim to hold national elections on July 31. Paris is pushing strongly for Traore's government to hold talks with the MNLA, which has dropped its claims for independence.


"The Malian authorities must begin without delay talks with the legitimate representatives of the northern population and non-terrorist armed groups that recognize Mali's integrity," French Foreign ministry spokesman Philippe Lalliot said.


After months of being kept on the political sidelines, the MNLA said they were in contact with West African mediators who are trying to forge a national settlement to reunite Mali.


"We reiterate that we are ready to talk with Bamako and to find a political solution. We want self-determination, but all that will be up to negotiations which will determine at what level both parties can go," Ag Assarid said.


There have been cases in Gao and Timbuktu and other recaptured towns of reprisal attacks and looting of shops and residences belonging to Malian Tuaregs and Arabs suspected of sympathizing with the MNLA and the Islamist rebels.


(Additional reporting John Irish and Emmanuel Jarry in Paris, David Lewis and Pascal Fletcher in Dakar; Writing by David Lewis and Daniel Flynn; Editing by Pascal Fletcher and Rosalind Russell)



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Wall Street advances as defensive stocks extend rally

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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


(Reporting By Angela Moon; Editing by Nick Zieminski)



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A-Rod implicated in PED use again as MLB probes


NEW YORK (AP) — Alex Rodriguez was ensnared in a doping investigation once again Tuesday when an alternative weekly newspaper reported baseball's highest-paid star was among a half-dozen players listed in records of a Florida clinic the paper said sold performance-enhancing drugs.


The Miami New Times said the three-time AL MVP bought human growth hormone and other performance-enhancing substances during 2009-12 from Biogenesis of America LLC, a now-closed anti-aging clinic in Coral Cables, Fla., near Rodriguez's offseason home.


The new public relations firm for the New York Yankees third baseman issued a statement denying the allegations.


The newspaper said it obtained records detailing purchases by Rodriguez, 2012 All-Star game MVP Melky Cabrera, 2005 AL Cy Young Award winner Bartolo Colon and 2011 AL championship series MVP Nelson Cruz of Texas.


Cabrera left San Francisco after the season to sign with Toronto, while Oakland re-signed Colon.


Other baseball players the newspaper said appeared in the records include Washington pitcher Gio Gonzalez, who finished third in last year's NL Cy Young Award voting, and San Diego catcher Yasmani Grandal.


Biogenesis, which the New Times said was run by Anthony Bosch, was located in a beige, nondescript office park. The former clinic is no longer listed as a business in its directory,


"There was a flier put out by the building management a couple weeks ago. It was put on all the doors and windows of all the offices," said Brad Nickel, who works in a group cruise planning company on the floor above where the clinic was located. "It just said this guy's not really a doctor, he doesn't belong here, he's no longer allowed here, call the police or the building management if you see him."


David Sierra, who works in his aunt's real estate office in the same building, kept a picture of the flier on his iPhone. He recognized the doctor in the picture from passing him in the hallway.


Sierra said while he never recognized any of the clients at the clinic, "there were always really nice cars in front — I'm not talking just Mercedes. Range Rovers, Bentleys."


The New Times posted copies of what it said were Bosch's handwritten records, obtained through a former Biogenesis employee it did not identify.


Rodriguez appears 16 times in the documents it received, the paper said, either as "Alex Rodriguez," ''Alex Rod" or the nickname "Cacique," a pre-Columbian Caribbean chief.


Rodriguez admitted four years ago that he used PEDs from 2001-03. Cabrera, Colon and Grandal were suspended for 50 games each last year by MLB following tests for elevated testosterone. Responding to the testosterone use, MLB and the players' union said Jan. 10 they were authorizing the World Anti-Doping Agency laboratory outside Montreal to store each major leaguer's baseline testosterone/epitestosterone (T/E) ratio in order to detect abnormalities.


"We are always extremely disappointed to learn of potential links between players and the use of performance-enhancing substances," MLB said in a statement. "Only law enforcement officials have the capacity to reach those outside the game who are involved in the distribution of illegal performance-enhancing drugs. ... We are in the midst of an active investigation and are gathering and reviewing information."


A baseball official, speaking on condition of anonymity because he was not authorized to make public statements, said Monday that MLB did not have any documentation regarding the allegations. If MLB does obtain evidence, the players could be subject to discipline. First offenses result in a 50-game suspension and second infractions in 100-game penalties. A third violation results in a lifetime ban.


Rodriguez is sidelined for at least the first half of the season after hip surgery Jan. 16. A 50-game suspension would cost him $7.65 million of his $28 million salary.


"The news report about a purported relationship between Alex Rodriguez and Anthony Bosch are not true," Rodriguez said in a statement issued by a publicist. "He was not Mr. Bosch's patient, he was never treated by him and he was never advised by him. The purported documents referenced in the story — at least as they relate to Alex Rodriguez — are not legitimate."


Jay Reisinger, a lawyer who has represented Rodriguez in recent years, said the three-time AL MVP had retained Roy Black, an attorney from Rodriguez's hometown of Miami. Black's clients have included Rush Limbaugh and William Kennedy Smith.


Bosch did not return a phone message seeking comment.


MLB hopes to gain the cooperation of Bosch and others connected with the clinic, another baseball official said, also on condition of anonymity because no public statements on the matter were authorized. In order to successfully discipline players based on the records, witnesses would be needed to authenticate them, the official said.


Players could be asked to appear before MLB for interviews, but the official said MLB would be reluctant to request interviews before it has more evidence.


Rodriguez spent years denying he used PEDs before Sports Illustrated reported in February 2009 that he tested positive for two steroids in MLB's anonymous survey while with the Texas Rangers in 2003. Two days later, he admitted in an ESPN interview that he used PEDs over a three-year period. He has denied using PEDs after 2003.


If the new allegations were true, the Yankees would face high hurdles to get out of the final five years and $114 million of Rodriguez's record $275 million, 10-year contract. Because management and the players' union have a joint drug agreement, an arbitrator could determine that any action taken by the team amounted to multiple punishments for the same offense.


But if Rodriguez were to end his career because of the injury, about 85 percent of the money owed by the Yankees would be covered by insurance, one of the baseball officials said.


The Yankees said "this matter is now in the hands of the commissioner's office" and said they will not comment further until MLB's investigation ends.


Gonzalez, 21-8 for the Washington Nationals last season, posted on his Twitter feed: "I've never used performance enhancing drugs of any kind and I never will, I've never met or spoken with tony Bosch or used any substance provided by him. anything said to the contrary is a lie."


Colon was not issuing a statement, agent Adam Katz said through spokeswoman Lisa Cohen.


"We are aware of certain allegations and inferences," Cruz's law firm, Farrell & Reisinger, said in a statement. "To the extent these allegations and inferences refer to Nelson, they are denied."


Sam and Seth Levinson, the agents for Cabrera, Cruz and Gonzalez, did not respond to emails seeking comment. Greg Genske, Grandal's agent, also did not reply to an email.


Cruz and Gonzalez had not previously been linked to performance-enhancing drugs. Cruz hit 24 home runs last year for the Texas Rangers, who says they notified MLB last week after being contacted by the New Times.


The New Times report said it obtained notes by Bosch listing the players' names and the substances they received. Several unidentified employees and clients confirmed to the publication that the clinic distributed the substances, the paper said. The employees said that Bosch bragged of supplying drugs to professional athletes but that they never saw the sports stars in the office.


The paper said the records list that Rodriguez paid for HGH; testosterone cream; IGF-1, a substance banned by baseball that stimulates insulin production; and GHRP, which releases growth hormones.


Rodriguez's cousin, Yuri Sucart, also is listed as having purchased HGH. Sucart was banned from the Yankees clubhouse, charter flights, bus and other team-related activities by MLB in 2009 after Rodriguez said Sucart obtained and injected PEDs for him.


Also listed among the records, according to the New Times, are tennis player Wayne Odesnik, Cuban boxer Yuriorkis Gamboa and Jimmy Goins, the strength and conditioning coach of the University of Miami baseball team.


Odesnik, who lost in the first round of qualifying for this year's Australian Open, is a former top-100 player who was suspended by the International Tennis Federation after Australian customs officers found eight vials containing HGH in his luggage when he arrived in that country ahead of a January 2010 tournament. He denied using HGH and never tested positive for it. What originally was a two-year ban was cut in half because the ITF said Odesnik cooperated with its anti-doping program.


Mia Ro, a spokeswoman for the federal Drug Enforcement Administration in Miami, said she could not confirm or deny the existence of an investigation into Bosch or the clinic.


The University of Miami said it was conducting "an intensive review" of the matter but did not identify Goins by name.


Goins was "very surprised" to learn of the allegations raised by the New Times, according to a statement from Michelle A. White, of the Coral Gables law firm of Fenderson & Hampton, which said it was representing him.


White would not comment on whether Goins was a patient of Bosch but added that Goins "has done nothing improper either personally or as a representative of the University of Miami," and denies any allegation or inference of wrongdoing.


___


Associated Press writers Jennifer Kay in Coral Cables, Fla., and Curt Anderson in Miami, and AP Sports Writers Howard Fendrich and Tim Reynolds contributed to this report.


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Chevron Paid $10 Million in Claims Following Refinery Fire






Chevron U.S.A. has paid approximately $ 10 million in claims to compensate area hospitals, affected community members and local government agencies since its August fire at a refinery in Richmond, Calif., according to an update by the company released this week.


* On Aug. 6, 2012, a fire broke out due to a piping rupture at the oil refinery in Richmond, the report stated. Due to a high level of sulfur dioxide released with the emission, residents of Richmond, San Pablo and North Richmond were advised to stay indoors until the fire was controlled.






* Other materials released into the air from the fire include methane, non-methane hydrocarbon, hydrogen sulfide and nitric oxides.


* The Contra Costa Health Services website reported that a large number of people sought medical attention at local emergency rooms, mostly for minor complaints of nose, throat or eye irritation and respiratory issues. Three individuals were admitted to the hospital, Chevron stated.


* Some minor employee injuries were also reported with the incident, including burns, abdominal discomfort, respiratory irritation, blisters and bruises, the company stated.


* Air sampling in the surrounding area on Aug. 7-8 showed that the concentrations of hydrogen sulfide, sulfur dioxide and carbon monoxide were below detection limits, the company stated.


* According to the company, a claims process was established in order to compensate community members for medical and property expenses that occurred because of the fire. As of Jan. 21, the company says about 23,900 claims have been initiated and it has paid $ 10 million in compensation.


* Chevron stated this week that its investigation of the incident is ongoing and that it is working with multiple governmental agencies to discover what caused the leak in the piping system that led to the fire.


* The Associated Press reported in early January that federal investigators believe that firefighters may have accidentally damaged the pipe while trying to put out a small flash fire that had been caused by a leak in the line. The larger damage in the pipe would have released more gas, and could have led to the larger fire.


* According to Reuters, Chevron — the second-largest U.S. oil company — is planning to bring the Richmond refinery back to full production this quarter. Even though it posted decreased refining input in the third quarter of last year because of the fire, the company’s worldwide output was the was the highest it has been since mid-2011 at the end of the year.


Energy News Headlines – Yahoo! News





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Is the U.S. getting Egypt wrong again?




Egyptian riot police stand guard as people protest against Egypt's President Mohamed Morsy in Cairo on December 29, 2012.




STORY HIGHLIGHTS


  • National protests against Morsy set for second anniversary of Egypt's revolution

  • Cynthia Schneider: U.S. out of step, underestimates the anti-Morsy sentiment

  • She says proponents of secular democracy think the U.S. backs Muslim Brotherhood

  • She says massive protests will show U.S. needs to align itself with the popular will




Editor's note: Cynthia Schneider is a professor in the practice of diplomacy at Georgetown University; dean at the School of Diplomacy, Dubrovnik International University; and a senior nonresident fellow at Brookings Institution. She is also a former U.S. ambassador to the Netherlands.


(CNN) -- Protests planned around Egypt -- particularly in Cairo's Tahrir Square -- on the second anniversary of the January 25 revolution are expected to be an explosion of dissent, revealing the deep divisions in the country between President Mohamed Morsy and the Egyptian people.


Opposition to Morsy's authoritarianism is broader than the world recognizes. In making accommodations for Morsy's government, the United States is -- once again -- out of step with the Egyptian people.



Cynthia P. Schneider

Cynthia P. Schneider



Egyptians may not know exactly what they want, but they know what they don't want. Although an effective political opposition has yet to coalesce, Egyptians from all sectors of society are united in their refusal to accept another repressive regime.


Egypt is on a collision course. An ever growing, if periodically discouraged, portion of the population opposes the government and Morsy's Muslim Brotherhood, and supports the revolution's goals of social and economic justice, accountable government, and basic freedoms, including freedom of expression and protection of minorities. Yet the government is moving in exactly the opposite direction, with its authoritarian control over political, social, and religious life.


The government's investigation of the wildly popular "Egyptian Jon Stewart" Bassem Youssef -- charged with insulting Morsy and undermining his command -- and the forced "retirement" of respected journalist Hani Shukrallah, editor of state-owned Al-Ahram's English-language website, are just two very public examples of the vice tightening on freedom of expression.



In fact, the Arab Network for Human Rights says about 24 lawsuits for insulting Morsy have been filed against journalists and activists since his election in June.


The regime is trying to put the revolution genie back in the bottle. But it is clamping down on a population that has discovered its voice. In opposition to this repression, Egyptians at all levels are increasingly engaged in politics.


A Cairo cab driver -- ever the measure of popular sentiment -- recently debated the failings of the Constitution with a passenger. After reaching the destination, the driver leapt out, grabbed a dogeared copy of the Constitution he kept in the front seat, and pointed to a passage to prove his point to his passenger.


The December demonstrations against President Morsy and the Muslim Brotherhood-backed Constitution, which attracted an even broader segment of the population than those who stood in Tahrir Square in 2011, revealed the broadening chasm between the regime and the people in Egypt.








Assembled outside the Presidential Palace were old and young, veiled and unveiled, rich and poor. Whether they arrived in chauffeur-driven cars or whether they marched from Cairo's outlying shantytowns, the hundreds of thousands joined together in their refusal to accept a state that squashed the dreams of the revolution and dictated political, social, and religious behavior.


Many call the second wave of the revolution in the fall of 2012 the "Mothers' Revolution." Parents and grandparents went into the streets to protest the divided loyalties in their families between the Islamists (Brotherhood or Salafis) and those supporting a democratic, secular Egypt. In Egypt, secular means freedom from state control of religion, not nonreligious.


The clash between these two visions of Egypt -- secular with freedom and social justice, or a religious state run by the Brotherhood with its version of Sharia law -- played out inside families and on the streets.


Soldiers protecting the Presidential Palace during the December demonstrations were moved to tears when an Egyptian woman, referring to Morsy, shouted at them, "Why are you protecting this man who is pitting Egyptians against each other?"


Mohamed El Gindy, a successful businessman who opposes Morsy and spent much of December camping in Tahrir with the young revolutionaries, has experienced this division within families firsthand. A relative who had joined the Salafis informed him that the extreme Islamist group had put El Gindy at No. 5 on its "hit list," which is widely believed by Egyptians to exist. The relative was unapologetic until El Gindy told him that he might as well put El Gindy's mother on the list, too, since the octogenarian also had joined the street protests.


Egypt and its families may be divided, but on one subject, all are united -- in the belief that the United States is supporting the Muslim Brotherhood-dominated government.


Visible in the throngs at the December demonstrations were signs opposing Qatar and the United States -- yes, the U.S. and Qatar were lumped together as supporters of the Muslim Brotherhood regime.


"This is such a historic opportunity to restore the image of the U.S., but instead it is putting itself in the same position as Qatar. ... And this from President Obama -- so disappointing," Riham Bahi, a professor at American University in Cairo, said, reflecting views heard repeatedly last December in Egypt.


Opposition leader and blogger Bassem Sabry was even more blunt: "With the Constitution in play, you are subsidizing an Islamist state." Sabry said he was always pro-U.S. "until the revolution."


In addition, the Pentagon plans to proceed with the delivery of 20 F-16 jets to Egypt, a step that looks to Egyptians like a vote of confidence in Morsy. Unchanged since the revolution, U.S. aid policy toward Egypt still makes the military alliance its priority.


Two years after the Egyptian Revolution, the U.S. government finds itself again backing an authoritarian regime against the popular will. As January 25 approaches, with massive protests planned against Morsy's government, this is a precarious position for both the U.S. and Egypt.


In his second term, Obama should adopt a more agile and informed policy toward Egypt, one that matches the words often heard from the White House -- "The United States always has stood with the Egyptian people" -- with action.


Follow @CNNOpinion on Twitter.


Join us at Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Cynthia Schneider.






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