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Former IOC executive Gunnar Ericsson dies at 94

Written By Unknown on Kamis, 26 Desember 2013 | 00.32

LAUSSANE, Switzerland — Gunnar Ericsson, a long-time International Olympic Committee executive and former member of the executive committee, has died. He was 94.

The IOC says on its website that the former Swedish parliamentarian died Tuesday but did not provide a cause of death.

IOC President Thomas Bach says Ericsson "personified the Olympic values and was a true Olympic gentleman. The IOC will always remember him with deep gratitude and great respect."

An IOC member from 1965, Ericsson served on the executive board from 1988-92, and headed the inspection team for 2000 Summer Games bidding.

Ericsson became an honorary member in 1996 after resigning to allow compatriot Gunilla Lindberg to become an IOC member.

Lindberg says Ericsson is survived by his wife Stina.


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Ala company providing charity tracking software

BIRMINGHAM, Ala. — Charities in northwest Alabama had a problem after Hurricane Katrina blasted the northern Gulf Coast in 2005: They didn't know how to keep track of thousands of people who were suddenly on the move and seeking help far from their homes in Louisiana, Mississippi and Alabama.

A collaboration between community workers and computer programmers resulted in a system that is now being used to keep track of thousands of charity recipients in about 680 cities nationwide this Christmas season.

Developed by Simon Solutions Inc. in Florence, CharityTracker is one of about 30 software tools used by U.S. homeless shelters, services agencies, soup kitchens, faith-based groups and community organizations to keep up with the thousands of needy people who seek assistance every day. An agency can sign up and use the Web-based system for as little as $15 a month.

The U.S. Department of Housing and Urban Development requires agencies to share information electronically if they receive government funding, and other software systems have wider use in certain areas than CharityTracker. But Cathy Easley, a United Way administrator in Charleston, S.C., said CharityTracker is simple enough that even occasional users can work it and robust enough to let agencies share detailed information that helps people.

For example, she said, someone might ask for utility assistance at an agency that doesn't pay for power bills. Once a client signs a release allowing information to be shared, the agency can upload a copy of the power bill, which can then be seen by another organization that can help out, Easley said.

"It has really transformed how our community, agencies and churches work together and how we are better able to serve clients by using it," said Easley, director of integrated community systems for Trident Unite Way. About 90,000 names are in the Charleston-area database, which is used about 200 organizations, she said.

Simon Solutions President Mike Simon said his company tries to differentiate its system from others with good customer service and a user interface that's so simple that an elderly church volunteer could pick up the basics in a few minutes of training.

"It is very, very volunteer friendly," he said.

Part of the reason goes back to the way the system was born in the months after Katrina.

The hurricane inundated New Orleans with floodwaters after levees failed, and thousands of people lost their homes in Mississippi and Alabama because of the high winds and storm surge. Many people fled north after being left homeless by the storm, and some of them wound up in northwest Alabama.

Small-town church volunteers and charity agencies that were using notebooks or index cards to track aid recipients suddenly were faced with large numbers of people seeking assistance, and they needed a way to keep tabs on what type of aid individuals were receiving to avoid duplication. They also dreamed of an easy way to communicate with workers in other organizations to help determine what sort of assistance may be available for specific needs, like someone who needed transportation or a job.

"They were pretty perplexed," said Simon. "They were worried that the right resources were not getting into the right hands."

Simon Solutions already was located in the Shoals area of northwest Alabama, and agencies asked the company for help in developing software to help track people and to make it simpler to get aid to the needed. The goal was to build a computer database in which agencies could store information and share it, a key requirement for avoiding duplication of services.

The company developed a regional system called SEANtracker, or Shoals Emergency Assistance Network tracker. Word spread and software engineers used it as the basis for CharityTracker. Large groups of users are now located in cities including Charleston, Joplin, Mo., and Austin, Texas, said Simon.

Michelle Farley, director of a Birmingham-based consortium of assistance agencies called One Roof, said her agency and most others in Alabama use a larger, competing system called ServicePoint, which functions similarly to CharityTracker and other software systems that let organizations store and share information about aid recipients.

To improve its product, CharityTracker has added technology that will allow assistance agencies to add information into their databases by simply scanning a recipient's identification card.

Charity groups need some sort of database to avoid the drain of providing duplicate assistance, Farley said, but they also need information that can help them operate most efficiently.

"Churches don't want to continue giving people money for utilities monthly if what they really need is weather stripping," said Farley.


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Avoiding health insurance gaps takes persistence

CHICAGO — The deadline has passed, and so too the surprise grace period, for signing up for health insurance as part of the nation's health care law.

Now what?

For those who were able to navigate the glitch-prone and often overwhelmed HealthCare.gov website, there's still work to be done to make sure success online leads to actual coverage come the new year.

The first step experts recommend is to call your insurance company and double-check they received your payment.

What if you missed the Christmas Eve deadline and still want insurance in 2014, as the health law requires of most Americans? You may be without health insurance for a month, but you can still sign up for coverage that will start in February.

"Be patient, because they're trying to help you," said Tina Stewart, a 25-year-old graduate student in Salt Lake City who succeeded in enrolling in a health plan Tuesday morning. "It will take time."

The historic changes made by the Affordable Care Act take full effect on Jan. 1. People with chronic health conditions can no longer be denied health insurance. Those who get sick and start piling up medical bills will no longer lose their coverage. Out-of-pocket limits arrive that are designed to protect patients from going bankrupt.

But unless the 1 million Americans who have so far enrolled for coverage via the new marketplaces make sure their applications have arrived at their new insurance companies without errors, some may find they're still uninsured when they try to refill a prescription or make a doctor's appointment.

"The enrollment files have been getting better and more accurate, but there is still work that needs to be done," said Robert Zirkelbach, a spokesman for America's Health Insurance Plans, a trade group that represents the private insurance industry. "The health plans are still having to go back and fix some of data errors coming through in these files."

If everything went smoothly, consumers can expect to see a welcome packet arrive in the mail from their insurance company, Zirkelbach said. If not, a phone call to the insurer might clear things up.

"If a consumer signed up yesterday, they shouldn't expect the health plan to have their enrollment application today," Zirkelbach said. "Allow a couple of days to receive and process those enrollments."

Paying the first premium is crucial. Because of the changing deadlines for enrollment, most insurers have agreed to allow payments through Jan. 10 and will make coverage retroactive to Jan. 1, he said.

Anyone who missed the Christmas Eve deadline to enroll for insurance to start in January can still apply at HealthCare.gov for coverage to begin later. The federal website serves 36 states, but also directs people elsewhere to the online insurance site serving their state. The site also offers directions to local agencies offering in-person help.

After the disastrous rollout in October, the federal website received 2 million visits on Monday, and heavy — but not as heavy — traffic on Tuesday. White House spokeswoman Tara McGuinness said she had no immediate estimate of visitors Tuesday or how many succeeded in obtaining insurance before the midnight Christmas Eve deadline. The unexpected one-day grace period was just the latest in a string of delays and reversals.

Unless you qualify for Medicaid, you'll pay a monthly "premium" fee to an insurance company for coverage. Before the company covers actual medical costs, you may have to pay a certain amount called a deductible, in addition to a possible set fee for a doctor visit (copay) or a percentage of the cost of a medical service (coinsurance).

Federal tax credits are aimed at helping make premiums more affordable for households earning between 100 percent and 400 percent of the federal poverty line. That's $11,490 to $45,960 for an individual, $23,550 to $94,200 for a family of four.

Finally, note the next significant deadline isn't for a few more months. If you don't have coverage by March 31, you'll pay a tax penalty next year of $95 or 1 percent of your income, whichever is higher.

Ron Pollack, president of Families USA, a liberal advocacy group that has led efforts to get uninsured people signed up for coverage next year, said that's the deadline that matters most.

"The real significant deadline is March 31," Pollack said. "The enrollment period extends for another three months."

___

Associated Press Medical Writer Carla K. Johnson can be reached at http://www.twitter.com/CarlaKJohnson


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Health care site put to the test as deadline nears

CHICAGO — The government's retooled health care website was put to its biggest test yet as record numbers of Americans rushed to beat Tuesday's extended deadline for signing up for insurance.

After a disastrous, glitch-filled rollout in October, HealthCare.gov, where people in 36 states can shop for coverage, received 2 million visits Monday, its highest one-day total, the government said.

Traffic was not as heavy on Tuesday but still high, White House spokeswoman Tara McGuinness said. She had no immediate estimate of visitors or how many succeeded in obtaining insurance before the midnight deadline.

"The site is performing well under intense consumer traffic," said Kurt DelBene, a former Microsoft executive appointed last week to take over management of the online marketplace. "With the highest volumes we have seen to date, response time is fast and the error rating is low."

Error rates were lower than 1 in 200, and pages loaded quickly, in less than a half-second, officials said.

For a multitude of reasons, including technical difficulties with the site or trouble understanding the instructions, thousands of people sought telephone help and wound up waiting on hold on Christmas Eve at the government's call center.

Ian Stewart of Salt Lake City said he and his wife, both students, had been trying for weeks to complete their application on the federal site, thwarted by computer error messages each time.

On Tuesday morning, while visiting relatives in Colorado for Christmas, they reached a call center counselor who succeeded in enrolling them. The "silver" plan they chose will cost them $241 a month after a cost-lowering tax credit.

"We're relieved that we got it working, elated that we got insurance again and very frustrated that it took this long," Stewart said.

More than 110,000 people had called the government's help line by Tuesday afternoon, with wait times averaging 27 minutes, officials said. On Monday, the call center received more than 250,000 calls, a one-day record.

Monday was the sign-up deadline for people wanting coverage at the start of the new year. But the Obama administration pushed back the deadline a day to deal with heavy traffic from procrastinators.

"We see this intense traffic as a sign that people are eager for affordable health insurance," said Julie Bataille, a spokeswoman for the Centers for Medicare and Medicaid Services, the federal agency in charge of the overhaul.

While there were no immediate reports of any major glitches, the White House said that people who can show they missed the deadline because of problems with the website may still be able to get covered by Jan. 1 on a case-by-case basis. Those who try to sign up for the first time after the deadline passes can still get coverage, but it won't start until Feb. 1.

The one-day grace period was just the latest in a string of delays and reversals, and critics of President Barack Obama's signature program seized on it as more evidence that the overhaul is in trouble.

"The amazing, ever-expanding deadline? It's clearly a sign of desperation by the administration to do everything they can to increase the number of people signing up," said health economist Gail Wilensky, who ran Medicare for President George H.W. Bush.

The website went through extensive hardware and software upgrades to make it more reliable and increase its capacity.

When the number of simultaneous users reached 60,000 on Monday, site operators employed a queuing system that allows people to either wait or give an email address to be invited back later, the government said. More than 129,000 users gave their email.

On Tuesday, traffic wasn't heavy enough to trigger the system, McGuinness said in the afternoon.

Many states operate their own online marketplaces for buying coverage, and some of them also extended their deadlines.

The insurance industry, too, has pushed back deadlines for payment, with most health plans allowing customers to pay by Jan. 10 and still get coverage retroactive to Jan. 1.

"With deadlines that keep changing, insurers want to alleviate confusion," said Robert Zirkelbach, spokesman for America's Health Insurance Plans. "Health plans are going to do everything they can to help consumers with the enrollment process."

Obama said late last week that more than 1 million Americans had enrolled for coverage since Oct. 1.

The administration's estimates call for 3.3 million to sign up by Dec. 31, and the target is 7 million by the end of March. After that, people who fail to buy coverage can face tax penalties.

___

Associated Press Medical Writer Carla K. Johnson can be reached at http://www.twitter.com/CarlaKJohnson


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Astronauts complete rare Christmas Eve spacewalk

CAPE CANAVERAL, Fla. — Space station astronauts repaired a crippled cooling system during a rare Christmas Eve spacewalk Tuesday, braving a "mini blizzard" of noxious ammonia as they popped in a new pump.

It was the second spacewalk in four days for U.S. astronauts Rick Mastracchio and Michael Hopkins, and only the second Christmas Eve spacewalk ever.

NASA ordered up the spacewalks to revive a critical cooling loop at the International Space Station. All nonessential equipment had to be turned off when the line conked out Dec. 11, and many science experiments halted.

With Tuesday's success, the cooling system should be restored and all equipment up and running by this weekend, according to NASA.

"It's the best Christmas ever," Mission Control radioed as the 7½-hour spacewalk came to a close.

"Merry Christmas to everybody," replied Hopkins. "It took a couple weeks to get her done, but we got it."

Mastracchio and Hopkins removed the faulty ammonia pump during Saturday's spacewalk. On Tuesday, they installed the fresh pump.

Standing on the end of the station's main robotic arm, Hopkins clutched the 780-pound, refrigerator-size pump with both hands as he headed toward its installation spot, and then slid it in. An astronaut working inside, Japan's Koichi Wakata, gingerly steered the arm and its precious load.

"Mike Hopkins taking a special sleigh ride on this Christmas Eve," Mission Control commentator Rob Navias said as the space station soared over the Pacific.

It was slow going because of a balky ammonia fluid line that sent frozen flakes of the extremely toxic substance straight at the men — "a mini blizzard," as Mission Control called it. The spacewalkers reported being surrounded by big chunks of the stuff that bounced off equipment and, in all probability, their suits.

The ammonia needed to dissipate from their suits before the pair returned inside, to avoid further contamination.

"Wow," Hopkins sighed after the fourth and final fluid line was hooked to the new pump. The electrical hookups went more smoothly, and six hours into the spacewalk, Hopkins finally called down, "Houston, you've got yourself a new pump module."

Christmas references filled the radio waves as the action unfolded 260 miles above the planet.

"It's like Christmas morning opening up a little present here," Mastracchio said as he checked his toolkit. Later, as he worked to remove the spare pump from its storage shelf, he commented: "Now it really feels like I'm unwrapping a present."

Mission Control in Houston was in a festive mood, despite the gravity of the situation. Tabletop Christmas trees, Santa dolls and red Santa caps decorated the desks.

NASA's only previous Christmas Eve spacewalk occurred in 1999 during a Hubble Space Telescope repair mission.

But NASA's most memorable Christmas Eve was back on Dec. 24, 1968. Apollo 8 astronauts read from Genesis, the first book of the Bible, as they orbited the moon on mankind's first lunar flight.

A bad valve in the ammonia pump caused the latest breakdown.

Another team of spacewalking astronauts installed that pump just three years ago, and engineers are perplexed as to why it didn't last longer. NASA hopes to salvage it in the years ahead.

The 2010 replacement required three spacewalks because of the difficulty in removing pressurized ammonia fluid lines. But this time, the astronauts managed to squeeze everything into two after NASA reduced the pressure and simplified the task.

Mission Control successfully activated the pump Tuesday night. The two-line external cooling system uses ammonia to dispel heat generated by on-board equipment; only one loop was disabled by the breakdown.

The second spacewalk was supposed to take place Monday but was delayed a day to give Mastracchio time to switch to another suit. He inadvertently hit a water switch in the air lock at the end of Saturday's excursion, and a bit of water encroached on a cooling device in the backpack of his suit, making it unusable.

Otherwise, the suits remained dry during both spacewalks. Last July, an astronaut almost drowned when water from his suit's cooling system flooded his helmet. Makeshift snorkels and absorbent pads were added to the suits as a precaution.

A Moscow-led spacewalk, meanwhile, is set for Friday. Two Russian crew members will install new cameras and fresh experiments outside.

___

Online:

NASA: http://www.nasa.gov/mission_pages/station/main/index.html


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Post Office stuffs stockings with 3-cent stamp hike

The U.S. Postal Service delivered a surprise on Christmas Eve that may land them on some naughty lists as it announced a temporary 3-cent price increase on first-class stamps.

The hike, approved by an independent Postal Regulatory Commission, will raise the cost from 46 cents to 49 cents a letter. The commission justified the increase in the face of severe volume decreases, going back to 2008, and as a way for the Postal Service to recoup a reported $2.8 billion in losses.

The increase will take effect on Jan. 26 and will last no more than two years. The commission rejected a request to make the hike permanent.

There will be a 6 percent increase on bulk mail, periodical and package service rates. The mail industry is said to oppose the increase, saying charities and bookstores will suffer from the increased cost of mass mailings and package delivery.

The Postal Service reportedly lost $5 billion last fiscal year.

Herald wire services contributed to this report.


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Retailers tighten holiday policies to thwart fraud

If you didn't like your gift today, take note. Some retailers have tightened their return policies in a continuing attempt to curb fraud that will cost the industry an estimated $3.4 billion during this year's holiday period.

Return deadlines at Best Buy and Sears are the two "biggies," according to Somerville consumer advocate Edgar Dworsky.

"Both of them are cutting their return windows in half for certain or all goods," said Dworsky, who conducts an annual return policy survey.

Best Buy reduced its regular return period to 15 days from 30 for most customers in March, and it shortened its holiday return period, which now runs until Jan. 15 instead of Jan. 24. In addition, special orders no longer are refundable.

Sears' regular return policy for major appliances and vacuums is now 30 days, down from 60, and it has excluded those products from its extended holiday period.

"They're trying to cut their losses in some cases," Dworsky said. "Best Buy doesn't want people to use that digital camera for several weeks or months and then bring it back, because they're going to have to sell it as an open box item."

Nearly 6 percent of holiday returns are fraudulent, according to a recent National Retail Federation survey. Holiday return fraud accounts for 38.7 percent of the industry's estimated $8.76 billion in annual losses tied to return fraud.

That's why almost three-quarters of retailers require customers to show identification if they don't have receipts. Examples of fraud include returns of stolen items, using counterfeit receipts for returns, and "wardrobing" — the return of used, but non-defective merchandise such as special occasion clothing or electronics.

Toys R Us extended its holiday return period until Jan. 25 for most items, but certain electronics bought on or after Nov. 1 must be returned by Jan. 9. Other electronics must be returned within 30 days, down from 45 days.

Macy's, meanwhile, now charges a 15 percent restocking fee for the return of furniture and mattresses.

And if you're returning gifts in hopes of pocketing cash, don't count on that, even with a gift receipt.

"You can't convert that white elephant to cash in all likelihood," Dworsky said. "You're most likely to get an even exchange or a merchandise credit if there's nothing else you want at the store,"


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Phishing scammers go after Target data breach victims

Target Corp. is warning of "phishing" scam emails aimed at customers whose card information was compromised under the breach of its point-of-sales system.

"We are aware of limited incidents of phishing or scam communications," spokeswoman Molly Snyder said in a statement yesterday. "To help our guests feel confident that what they are hearing from Target is really from us, we are in the process of setting up a dedicated resource on our corporate website where we will post PDFs of all official communications that Target sends to our guests."

Target confirmed that it was partnering with the Secret Service and Department of Justice on the investigation of the Nov. 27-Dec. 15 breach that left credit and debit card information of an estimated 40 million customers vulnerable. Yesterday it said it wanted to make clear that "neither entity is investigating Target."

Meanwhile, JPMorgan Chase increased withdrawal and spending limits it had imposed on 2 million debit-card customers affected by the Target breach.


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Health insurance guide: 3 next steps for enrollees

The Christmas Eve deadline to enroll via HeatlhCare.gov for health care insurance that starts Jan. 1 has passed.

The federal website received 2 million visits on Monday, and heavy — but not as heavy — traffic on Tuesday. A White House spokeswoman said there was no immediate estimate of visitors or how many succeeded in obtaining insurance before the deadline.

Here are some tips for those who met the deadline and those who didn't.

___

MET THE DEADLINE?

1. Allow a few days for your application to reach the insurance company providing your health plan, then call to make sure it has been successfully processed.

2. If you didn't click "pay now" when you enrolled, make sure you send your first monthly premium payment to your insurance company by Jan. 10. You won't be covered until you've paid.

3. Learn about the details of your health plan. What's covered? What do you pay for out of pocket? Find out which doctors and hospitals are covered in the plan's network. Learn what services the insurer provides, such as 24-hour hotlines and online health resources.

___

MISSED THE DEADLINE

1. If you're uninsured and still want coverage, you can still sign up. Your coverage will start as soon as Feb. 1 if you choose a plan and pay before mid-January.

2. You can window-shop to compare the details on plans available in your region. Click on "See plans before I apply" at HealthCare.gov. Many state online marketplaces also offer this window-shopping feature.

3. Enrollment ends March 31. Miss that deadline and you'll pay a tax penalty for next year of $95 or 1 percent of your income, whichever is higher. Some people may qualify for an exemption because of hardships or if their insurance policy was canceled.

___

SOURCES: America's Health Insurance Plans, U.S. Department of Health and Human Services, Consumers Union


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Activists: Over 400 killed in Aleppo bombings

BEIRUT — A Syrian human rights group says more than 400 people have been killed during a government bombardment of rebel-held areas of the northern city of Aleppo, and more than one-quarter of the victims are children.

Rami Abdurrahman of the British-based Syrian Observatory for Human Rights said Wednesday they counted 401 people killed in 11 continuous days of government bombing of Syria's largest city and its province, including 117 children.

Abdurrahman said the toll is one of the highest, and with the most civilian casualties, of any government assault in Syria's three-year conflict.

The toll is so high because the government was hurling imprecisely aimed, explosive-laden barrels over residential areas, he said.

The Observatory bases its information on a network of activists on the ground.

Other rights groups have given much higher numbers of casualties.

The government has not commented on its use of the so-called barrel bombs, nor on why it began intensely targeting Aleppo. The attack comes weeks before an international conference is expected to bring together Syria's government and opposition groups seeking to overturn the rule of President Bashar Assad.

Analysts say the attack may be an attempt to bully civilians to expel rebels from parts of the city they seized last July.

Also Wednesday, Syria's state news agency said the oil ministry has signed a deal with Russian oil and gas company Soyuzneftegaz to explore in the Mediterranean Sea, in a boost to the war-ravaged country's economic fortunes.

SANA's report did not say where the deal was signed, though it said the exploration will take place off the Syrian coast.

Most of Syria's oil and gas fields in the country's east are under opposition control, and the country's oil exports almost have stopped.

Russia is one of Assad's strongest international backers.

Israel is already developing recent discoveries of massive offshore deposits in the region, and Lebanon has spoken of trying to develop offshore fields.

___________

Associated Press writer Diaa Hadid in Beirut contributed.


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Ex-BP engineer convicted on 1 obstruction charge

Written By Unknown on Kamis, 19 Desember 2013 | 00.32

NEW ORLEANS — A former BP drilling engineer was convicted Wednesday of deleting text messages from his cellphone to obstruct a federal investigation of the company's massive 2010 oil spill in the Gulf of Mexico.

He was found guilty on one charge and acquitted of a second charge.

A federal jury deliberated for more than nine hours over three days before reaching the verdict on Kurt Mix's case. The count of obstruction of justice carries a maximum sentence of 20 years in prison and a $250,000 fine.

Mix will be released on his present bond, and sentencing is scheduled for March 26.

Mix hugged his friends and family members in the courtroom before leaving the courthouse hurriedly.

"I'm only going to speak through counsel," he said to a reporter trying to ask him a question.

Trailing behind her brother in the courthouse lobby, Bridget Mix called the verdict "just unbelievable."

"You can't wrap your head around any of it," she said.

Prosecutors argued that the 52-year-old engineer from Katy, Texas, was trying to destroy evidence when he deleted hundreds of text messages to and from a supervisor and a BP contractor. An indictment also accused Mix of deleting two voicemails from the same two people.

Mix's lawyers said their client didn't hide anything. He preserved other records containing the same information contained in the deleted messages, they told jurors.

"We remain as convinced as ever of Kurt Mix's innocence," defense attorney Joan McPhee said after the verdict. "We intend to continue to fight to ensure that justice is done in this case."

Juror Scott Galliano, 49, of Luling said: "It was just a very tough decision."

Mix, who didn't testify at his two-week trial, was one of four current or former BP employees charged with crimes related to the spill. His case was the first to be tried.

The April 20, 2010, blowout of BP PLC's Macondo well triggered an explosion that killed 11 workers on the Deepwater Horizon drilling rig and spawned the nation's worst offshore oil spill. Millions of gallons of oil spewed into the Gulf while the company scrambled for weeks to seal the well.

Mix was on a team of experts who worked on BP's unsuccessful attempt to stop the gusher using a technique called "top kill." He had access to internal data about how much oil was flowing from the blown-out well.

On May 26, 2010, the day that top kill began, Mix estimated in a text to a supervisor that more than 630,000 gallons of oil per day were spilling — three times BP's public estimate of 210,000 gallons daily and a rate far greater than what top kill could handle.

That text was in a string of messages that Mix exchanged with his supervisor, Jonathan Sprague, before deleting it in October 2010. Investigators couldn't recover 17 of the messages in the string.

In August 2011, Mix also deleted a string of text messages that he exchanged with BP contractor Wilson Arabie. Several weeks earlier, federal authorities issued a subpoena to BP for copies of Mix's correspondence. The same count that charges Mix with intentionally deleting those messages also says Mix deleted a voicemail from Arabie and a voicemail from Sprague.

Galliano, the juror, said he and the other members of the panel were left wondering why Sprague didn't testify.

"We thought he was one of the key characters," he said.


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Janet Rowley, cancer genetics pioneer, dies at 88

CHICAGO — Dr. Janet Rowley, a pioneer in cancer genetics research, has died at age 88.

The University of Chicago, where Rowley obtained her medical degree and spent most of her career, says in a statement she died Tuesday of ovarian cancer complications at her home near the university.

Rowley did landmark research with leukemia in the 1970s, linking cancer with genetic abnormalities — work that led to targeted drug treatment for leukemia. She identified a genetic process called translocation, now widely accepted. By 1990, more than 70 translocations had been identified in various cancers, according to her biography on the National Library of Medicine's website.

She is a recipient of the National Medal of Science, the nation's highest scientific honor and the Presidential Medal of Freedom, the nation's highest civilian honor.


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JPMorgan Chase sues FDIC for more than $1B

JPMorgan is suing the Federal Deposit Insurance Corp. to recover more than $1 billion tied to its purchase of Washington Mutual when that bank failed in 2008.

In a federal court complaint, the biggest U.S. bank said that the FDIC failed to honor obligations under the Washington Mutual agreement, and that has subjected JP Morgan to massive liability.

The FDIC became the receiver for Seattle-based Washington Mutual when it collapsed during the height of the financial crisis in September 2008. It was the largest bank failure in U.S. history. The FDIC brokered the sale of Washington Mutual's assets to JP Morgan for $1.9 billion. JPMorgan said the FDIC made promises to indemnify or protect the bank against liabilities if it stepped in.

New York-based JP Morgan Chase & Co. said in a court filing Tuesday that the FDIC later declined to acknowledge that government and investors' claims against JP Morgan for sales of Washington Mutual's risky mortgage-backed securities should have been claims against the receivership, not the bank.

Most of JPMorgan's mortgage-backed securities came from Washington Mutual and the investment bank Bear Stearns, which it also acquired in 2008.

The FDIC did not immediately return calls seeking comment from The Associated Press early Wednesday. The FDIC has said that JPMorgan should be responsible for any liabilities regarding the Washington Mutual acquisition.

The Washington Mutual receivership's assets are about $2.75 billion, according to JPMorgan.

JP Morgan has entered into a series of legal settlements over its sales of mortgage-backed securities in the years preceding the financial crisis. As the housing market collapsed between 2006 and 2008, millions of homeowners defaulted on high-risk mortgages. That led to billions of dollars in losses for investors who bought securities created from bundles of mortgages.

Last month, the bank agreed to pay $13 billion in a civil settlement with the Justice Department and state regulators over its sales of the mortgage-linked bonds. It was the largest settlement ever between the Justice Department and a corporation.

In addition, JPMorgan reached a $4.5 billion settlement in November that covered 21 major institutional investors.

The bank said in October that it set aside $9.2 billion in the July-September quarter to cover legal costs.

Shares of JPMorgan rose 7 cents to $55.79 in trading Wednesday morning. The shares have climbed nearly 27 percent so far in 2013.


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Delta: No voice calls on our planes

MINNEAPOLIS — Delta Air Lines won't allow passengers to make voice calls from its planes.

Right now, federal rules prohibit voice calls on planes. But the government is indicating that it might loosen those rules. If that happens, it could be up to airlines to set their own policies.

On Wednesday, Delta went ahead and said, in effect, hang up and enjoy the view from 40,000 feet.

CEO Richard Anderson told workers in a memo that the airline will not allow cell calls or internet-based voice communications on mainline or Delta Connection flights, which are operated by other airlines under contract for Delta.

"Our customer research and direct feedback tell us that our frequent flyers believe voice calls in the cabin would be a disruption to the travel experience," Anderson wrote. A "clear majority" of customers in a 2012 survey last year said the ability to make voice calls would make their experience worse, not better, he wrote.

Anderson also said Delta employees, particularly flight crews, are against allowing calls during flights. Atlanta-based Delta is one of the world's biggest airlines.

The Federal Communications Commission has barred calls. Now the FCC is taking public comments about the idea of relaxing the ban.

However, the Transportation Department is considering banning calls because, it says, the calls would hurt consumers.

A few weeks ago, the Federal Aviation Administration lifted its ban on using personal electronic devices such as iPads and Kindles below 10,000 feet, saying they don't interfere with cockpit instruments.

Delta shares fell 20 cents to $26.74 in morning trading Wednesday. Its shares have more than doubled so far this year.


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Calif. wine collector convicted of fraud in NY

NEW YORK — A California wine collector has been convicted of fraud at a trial in New York.

Rudy Kurniawan was expressionless as the verdict was rendered Wednesday.

Prosecutors say Kurniawan put on a "magic show" to fool aficionados into thinking he had access to the world's rarest bottles of wine. They say he made millions of dollars from 2004 to 2012 by manufacturing fake vintage wine in his Arcadia, Calif., kitchen.

The Indonesian-born defendant was arrested last year. He was accused of selling more than $1.3 million worth of counterfeit bottles to other wealthy collectors.

Prosecutors say money from the fraud funded a lavish lifestyle in suburban Los Angeles that included luxury cars, designer clothing and fine food and drinks

Defense attorney Jerome Mooney portrayed his client as a scapegoat.


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SABMiller announces death of its chairman

LONDON — Graham Mackay, the SABMiller PLC chairman who helped guide the company from a South African industrial conglomerate into one of the world's biggest brewers, died Wednesday after suffering from a brain tumor. He was 64.

Mackay helped lead the company, originally South African Breweries, through some of its most dramatic recent moments, beginning in the early 1990s when the late Nelson Mandela's release from prison led to a lifting of sanctions on South Africa and offered the potential for the company to expand internationally. It has grown to own such iconic brands as Miller and Foster's.

"He is the man who took South African brewing from being a parochial South African company, if you like ... and built it into being a first-class brewer," said Roy Summers, chairman of the advisory board for the International Center for Brewing and Distilling at Heriot Watt University in Scotland. "He knew the company would go nowhere if it just remained a South Africa company."

Though the beer sector was dominated in Europe by the likes of Guinness and Heineken, the company took advantage of the opening offered by the fall of the Berlin wall to sweep into eastern Europe and pick up assets on the cheap. Its growth also stretched to other African countries including Mozambique, and to Asia.

But Mackay recognized that South African exchange controls and a depreciating rand constrained the company's ambitions. The company opted to return its corporate center to London and he became chief executive of South African Breweries PLC upon its listing on the London Stock Exchange in 1999.

Meanwhile, he just kept shopping. The company bought Czech Republic brewer Plzensky Prazdroj, maker of Pilsner Urquell, in 1999. He led the purchase of Miller Brewing Company in the United States and the company's subsequent re-naming as SABMiller PLC. He also was instrumental in the joint venture between SABMiller and Molson Coors in 2008; the purchase of the Andean brewer Bavaria in 2005 and the acquisition of Foster's in Australia in 2011.

The company now has 200 brands and 70,000 employees in 75 countries.

The rise of the company came parallel to the ambitions of many in South African business anxious to move past the stigma of sanctions and take a place among the international community. The low-key Mackay is credited with building a strong team, including several South Africans in senior roles.

"There would be the realization that they had to get on the world stage to achieve their ambition," Summers said. "By getting on the world stage they would make more money — and invest it into South Africa."

Mackay was born in Johannesburg in 1949 and raised in South Africa, Swaziland and the former Rhodesia. He earned degrees from the University of the Witwatersrand in 1972 and the University of South Africa in 1977. He joined South African Breweries when he was 28, managing computer processing.

John Manser, who was appointed acting chairman when Mackay fell ill, was named chairman.

Mackay is survived by his second wife, Bev, and six sons.


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Ford shares drop 7 percent on profit outlook

DETROIT — Shares of Ford Motor Co. fell more than 7 percent Wednesday after the company warned that profits next year would soften from near-record levels in 2013, and its targets for profit margins in the middle of the decade could be at risk.

Ford said Wednesday that pretax profit for this year should total about $8.5 billion, which could be the best in a decade and among the strongest in company history. But the company warned profits could fall by as much as $1.5 billion next year, in a range of $7 billion to $8 billion, as price increases slow in North America and global costs rise, in part because of an ambitious launch of almost two dozen vehicles.

At a conference with analysts, Chief Financial Officer Bob Shanks touted this year's strong global growth and big gains in North America, but the company's outlook overshadowed the 2013 numbers and pulled down the share price.

Shares of Ford fell 7.3 percent, or $1.21, to $15.49 in late-morning trading.

Shanks told analysts that Ford could fall short of earlier guidance of 10 percent operating margin in North America this year because of a large recall of Ford Escape small SUVs with 1.6-liter engines. It now expects the margin, the percentage of revenue it gets to keep, to be 9.5 to 10 percent. Warranty costs from the recall will be $250 million to $300 million.

Before the recession, competitors typically would get far higher prices for their cars than Ford, but Ford has eliminated that gap now. That means any future growth in Ford's prices will have to come from introducing new models or getting people to add options, he said.

"Now it's more related to the equipment that we get or the newness of the product, or perhaps a weakness or the strengths of a competitor that's going to really give us the ability to price up to an extent that we can, or perhaps in some cases not price strong as we might have wanted to," Shanks told the analysts.

Prior to Wednesday, Ford shares had risen almost 30 percent this year, thanks to a strong financial performance. Shanks said Ford expects 10 percent revenue growth this year, improved market share in all regions except Europe and stronger cash flow than a year ago. In North America, where the company makes most of its money, the pretax profit is expected to be the highest in more than a decade.

Ford also said it nearly cut in half the underfunded balance of its global pension plans, compared with the end of 2012.

Ford plans to launch 23 global vehicles next year, including 16 in North America. It's the biggest single-year number in more than a century.

But Buckingham Research analyst Joseph Amaturo, in a note to investors after the analyst conference, said the 2014 guidance highlights his concerns about limited earnings leverage for Ford in the future. "We believe Ford's 2014 guidance fell short of consensus 2014 expectations due to deterioration in North American pricing and lower F-Series production," he said in the note.

Amaturo gives Ford an "Underperform" rating and has a one-year price target for the stock of $12.


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Report: $4.5 million seized from bank chief's home

ANKARA, Turkey — Istanbul police, who are leading a major corruption and bribery investigation targeting allies of Prime Minister Recep Tayyip Erdogan, have seized shoeboxes stashed with $4.5 million in cash at the home of a state-owned bank's chief executive, a Turkish news agency reported Wednesday.

Dozens of people, including the bank's CEO and the sons of three key government ministers, were detained Tuesday for questioning in raids as part of the investigation which threatens to rock Erdogan's 11-year tenure.

Deputy Prime Minister Bulent Arinc told reporters that 51 people were being questioned.

Many believe the police operation is the fallout of a deepening rift between Erdogan's government and a powerful U.S.-based moderate Islamic cleric, Fethullah Gulen, whose followers are reported to have a strong foothold within Turkey's police and judiciary.

Police searching the home of Halk Bank's CEO, Suleyman Aslan, discovered the shoeboxes containing money on his bookshelves, the Dogan news agency reported. It said Aslan's wife, who was also detained, was heard in a wiretapped telephone conversation as saying "the greens have arrived,' allegedly in reference to dollar bills. Arinc said Aslan's wife was released late Tuesday and no longer was in police custody.

Dogan, a reliable news source, cited unidentified judicial officials for its report. A national police official said he could not immediately confirm the report, while officials at the Interior Ministry refused comment. Arinc said he had no information on the money that had reportedly been seized. Halk Bank said police had requested information concerning their investigation but had no other comment on the case.

Analysts say the investigation is the latest round of a power struggle between Gulen and Erdogan's government. The cleric's movement long supported Erdogan's Islamic-based Justice and Development Party but has fallen out with the Turkish leader over his plans to close down private cram schools that are a major source of income for his group.

Arinc, the deputy prime minister, defended the government's record in fighting corruption and promised it would not impede the investigation.

"We believe that our friends are innocent," Arinc said. "This does not mean, however, that they will be protected if they have been involved in criminal activity."

Still, in a sign that Erdogan was fighting back against the probe, five senior police officials were removed from duty Wednesday. Turkish media reports said they included commissioners in charge of combatting organized crime, smuggling and criminal financial activity and oversaw the corruption detentions.

Erdogan has suggested that the probe is a politically motivated "dirty trap" to harm his government. The investigation comes before local elections in March that are largely seen as a vote of confidence in Erdogan's government.

Erdogan himself is expected to be a candidate in the presidential election in August.

Turkey's financial markets have been turbulent since Tuesday's raids, with the markets sliding and the Turkish Lira drifting downward against the dollar.

Police confirmed to The Associated Press that the sons of three government ministers have been held for questioning: Economy Minister Zafer Caglayan, Interior Minister Muammer Guler and Environment and Urban Planning Minister Erdogan Bayraktar.

Opposition parties have demanded that the three ministers resign and criticized the dismissal of the five police chiefs, calling it an attempt to cover up the scandal.

Arinc did not say whether the ministers planned to resign or would be removed from their government positions.

"You will soon see what will happen," he told reporters.


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Global stocks rise on bet Fed won't taper yet

PARIS — Global stocks mainly rose Wednesday as investors appeared increasingly confident that the U.S. Federal Reserve won't announce a reduction in its economic stimulus later.

The Fed's $85 billion of monthly bond purchases have kept U.S. interest rates low to encourage economic recovery, but have also sent a flood of money into stock markets worldwide in search of higher returns.

There are concerns that this new money has inflated stock prices beyond their rightful value and so prices have been volatile as investors try to gauge the impact of any Fed 'tapering.'

"Tapering is likely the only thing on most investors mind today," said Alex Conroy, financial sales trader at Spreadex.

In Europe, investors were also encouraged by signs the Germany economy is picking up steam. The Ifo institute's closely watched business confidence index climbed to 109.5 points this month from 109.3 in November — a signal managers anticipate faster economic growth in the new year.

Germany's DAX rose 1.1 percent to 9,181.75 while France's CAC-40 closed up 1 percent to 4,109.51.

The FTSE index of British shares underperformed, closing only 0.1 percent higher at 6,492.08 after better than expected unemployment figures stoked speculation that the Bank of England may raise interest rates sooner than expected. That boosted the pound though, which was trading 0.7 percent higher at $1.6386.

In the U.S., trading was fairly muted in the run-up to the decision. The Dow Jones industrial average was up 0.2 percent to 15,898 while the broader S&P 500 index fell 0.1 percent to 1,779.

The dollar's near term fortunes will likely rest on what the Fed does. It was trading fairly flat in the run-up to the decision, with the euro down 0.1 percent at $1.3758.

Earlier in Asia, stocks mostly rose. Japan's Nikkei 225 closed 2 percent higher at 15,587.80, while Hong Kong's Hang Seng index climbed 0.3 percent to 23,243.82.

China's Shanghai Composite index edged down 0.1 percent to 2,148.29 and South Korea's Kospi finished 0.5 percent higher, at 1,974.63.

___

Associated Press writer Teresa Cerojano in Manila, the Philippines, contributed to this report.


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Investors wait for final Fed decision of 2013

NEW YORK — Stocks were flat on Wall Street on Wednesday as investors wait for the Federal Reserve to end its last two-day policy meeting of 2013.

Homebuilder stocks rose sharply after the government reported that construction of new homes surged in November. Micron Technology, a semiconductor maker, was among the biggest losers in the technology sector.

KEEPING SCORE: The Dow Jones industrial average was up 21 points, or 0.1 percent, to 15,896 as of 12:10 p.m. Eastern. The Standard & Poor's 500 index lost 2 points, or 0.1 percent, to 1,779 and the Nasdaq composite was down 18 points, or 0.4 percent, to 4,005.

FED DAY: Policymakers at the Federal Reserve will vote Wednesday on whether to keep up the bank's economic stimulus program. The central bank has been buying $85 billion in bonds a month to keep interest rates low and stimulate the economy. Investors widely expect the Fed will wind down the program within the next year. However few think the Fed would do it this week with the end of the year approaching and most of the country heading on vacation in the next two weeks. Many economists expect that the pullback is likely to come in March.

THE QUOTE: Alec Young, global equity strategist at S&P Capital IQ, says investors have been ready for the Fed to scale back its stimulus for weeks. "This is widely anticipated, so I don't think it will be the end of the world once it finally happens," Young says.

MEET THE PRESS: Outgoing Federal Reserve Chairman Ben Bernanke will hold his last press conference shortly after Wednesday's Fed decision is announced at 2 p.m. Eastern time. Bernanke's comments have often moved the market in the past, so there could be some volatility this afternoon.

TECHNOLOGY STUMBLES: Micron Technology fell $1.76, or 8 percent, to $21.16 on concerns that the company could face increased competition from overseas. Micron dragged other technology stocks lower, particularly memory storage companies Western Digital, Seagate Technology and SanDisk.

BUILDING BLOCKS: Markets are also reacting to good news on the housing front. The Commerce Department says builders broke ground on homes at the fastest pace in more than five years and 23 percent more than in October. Permits for single-family homes rose, indicating that builders are increasingly confident in the market. The homebuilder Lennar surprised Wall Street by reporting a 32 percent profit increase. The stock gained 90 cents, or 3 percent, to $36.09.

NOT SO FORD TOUGH: Ford slumped $1.44, or 9 percent, to $15.26 after the company issued a three-year profit forecast that came in short of investors' expectations. The company cited a large number of vehicle launches in 2014 as well as weakness in overseas markets. General Motors lost $1.57, or 4 percent, to $39.97.


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Markets sluggish despite seeming US budget deal

Written By Unknown on Kamis, 12 Desember 2013 | 00.32

LONDON — Financial markets were sluggish Wednesday as an apparent budget deal in the U.S. Congress failed to divert attention from investors' primary focus — whether the Federal Reserve will reduce its stimulus next week.

As the Fed's policy meeting nears, investors appear to be holding off big trading decisions. That has left markets drifting, even though Congress looks set to agree on a modest U.S. budget agreement that restores about $63 billion in across-the-board automatic spending cuts.

Though a budget deal — for which a vote is expected this week — would help prevent another partial shutdown of the U.S. government, it doesn't prevent another standoff among lawmakers over the debt ceiling, which has to be raised by early February if the U.S. is to avoid defaulting on its debt.

At the margins, analysts said, the budget deal may make it easier for the Fed to start reducing its stimulus. After all, uncertainty over the U.S. fiscal position was one reason the Fed confounded expectations in September by not starting to "taper" the stimulus program.

Following a run of solid economic data, particularly with regard to the labor market, expectations have grown that the Fed will decide to start reducing its $85 billion worth of financial asset purchases at its meeting next week.

"Should the fiscal deal be approved, it will undoubtedly be welcomed by the Fed, which can respond by implementing the beginning of a taper," said Neil MacKinnon, global macro strategist at VTB Capital.

Since the stimulus has helped buoy stocks over the past few years, its potential reduction has jolted markets periodically in recent months. However, any tapering is expected to be accompanied by a renewed commitment by the Fed to keep interest rates low. That, analysts say, helps explain why investors have held their nerve in recent weeks and why the immediate response to the budget deal has been muted.

In Europe, the FTSE 100 index of leading British shares fell 0.2 percent to close at 6,507.72 while Germany's DAX fell 0.4 percent to 9,077.11. The CAC-40 in France lost 0.1 percent to 4,086.86.

On Wall Street, the Dow Jones industrial average fell 0.5 percent to 15,891.72 while the broader S&P 500 index fell 0.7 percent to 1,790.46.

In currency markets, the euro was up 0.2 percent at $1.3793 and the dollar 0.5 percent lower at 102.35 yen.

Earlier in Asia, the mood was a bit more downbeat. Japan's Nikkei 225 closed down 0.6 percent at 15,515.06. Hong Kong's Hang Seng tumbled 1.7 percent to 23,338.24 and China's Shanghai Composite shed 1.5 percent to 2,204.17.


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State’s Obamacare website down for ‘scheduled maintenance’

The state health insurance website will be down for "scheduled maintenance" for 15 hours beginning today at 2 p.m. — just two weeks before many policyholders must choose new health plans.

The site, mahealthconnector.org, will be unavailable until tomorrow morning at 5 a.m., due to what Health Connector spokesman Jason Lefferts said was fixes and improvements to the site.

"We're just doing some maintenance and upgrades that are going to take a little bit longer than the usual time period," Lefferts said. "Usually we take it down overnight, in this case it is going to take a little bit longer."

Lefferts said he did not know what the upgrades were, or why the fixes would take longer than usual.

DEVELOPING...


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Delta CEO: Fliers will pay for higher security fee

MINNEAPOLIS — The CEO of Delta Air Lines says a bigger security fee being considered in Congress will be paid by travelers, not by the airlines themselves.

CEO Richard Anderson calls the fee a tax, and says it means fares are going up. He says the increase will not be absorbed by Delta.

Congress is debating a budget that would add $5 to each nonstop, round-trip ticket. The money is for a Transportation Security Administration fee, which already stands at $5 per ticket.

Airlines have long complained that sales taxes, security fees, and airport taxes drive up the cost of their tickets unfairly.


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Autohome ADRs surge in trading debut

Shares of Chinese automotive information provider Autohome are surging in their trading debut.

The American depositary shares are up $11.60, or 68 percent, to $28.60 in morning trading after climbing as high as $31.37 shortly after they hit the market.

Late Tuesday, the company priced its initial public offering of 7.8 million American depositary shares at $17 each, above their projected range, for total proceeds of $132.9 million.

The offering's underwriters also have a 30-day option to buy up to 1.2 additional American depositary shares at the IPO price for additional proceeds of $19.9 million.

Autohome provides online information, listings and reviews for Chinese automotive consumers through a pair of websites. The shares are trading on the New York Stock Exchange under the ticker symbol "ATHM."


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Health care signups pick up pace in November

WASHINGTON — Playing catch-up with a long way to go, President Barack Obama's new health insurance markets last month picked up the dismal pace of signups, the administration reported Wednesday.

Enrollment statistics from the Health and Human Services Department showed that 364,682 people have signed up for private coverage as of Nov. 30 under the federal health law. Although that's more than three times the October total, it's less than one-third of the 1.2 million people officials had originally projected would enroll nationwide by the end of November.

Crunch time is now for Obama's health care law, as consumers face a Dec. 23 enrollment deadline if they want to have coverage on Jan. 1. Yet HealthCare.gov, the revamped federal website serving 36 states, continues to have issues. Just Tuesday there was an extended maintenance outage. And some states running their own websites are also having problems.

That's created stress and uncertainty not only for the uninsured but also for consumers seeking to avoid an interruption in coverage in January. Those trying to preserve coverage include some or many of the more than 4 million people whose individual plans were canceled because they didn't measure up under the law, as well as hundreds of thousands in federal and state programs for people with serious health problems, from cancer to heart disease to AIDS.

Health and Human Services Secretary Kathleen Sebelius told the House Energy and Commerce on Wednesday that the signup trend is turning positive.

"I don't think there is any question that the flawed launch of the website put a damper on people's enthusiasm," Sebelius said. "Having said that, we are seeing very, very positive trends. We are seeing lots of people re-engage."

Another 1.9 million people have made it through the enrollment process, but have not yet picked a plan, she said. Consumers must pay their premiums by Dec. 31 for coverage to take effect at the beginning of the year.

Lawmakers have questions about how and why HealthCare.gov did not work as advertised, whether the federal website meets government security standards and how much all the repairs are costing.

In a blog post early Wednesday, Sebelius said that she has asked the department's inspector general to investigate how HealthCare.gov went off track. She wants an independent review of the contracting process, management, performance and payment issues that may have contributed to the flawed launch.

The administration report found a total of 137,204 people enrolled in the states served by the federal website by the end of November, up from 26,794 in October.

The 14 states running their own websites enrolled 227,478 people, up from 79,391 in October.

California, which is running its own program, led the nation, with more than 107,000 signups. Oregon, also running its own market, had the lowest total, with just 44 people enrolled. Florida was the leader among states with federally run markets, with nearly 18,000 signups.

Nationally, an additional 803,077 people have been determined to be eligible for Medicaid, the safety-net program shaping up as the health overhaul's early success story. That's about double the number for October. Nonetheless, state Medicaid directors are reporting accuracy problems with information on prospective enrollees that the federal government is sending them.

Although Republicans have called for Sebelius to resign, and some Democrats have urged Obama to fire those responsible, the White House has given no indication that a house-cleaning is coming. The secretary's request for an inspector general probe indicates that she realizes she has some explaining to do.

"I believe strongly in the need for accountability, and in the importance of being good stewards of taxpayer dollars," Sebelius said in her announcement. Sebelius told the committee the administration has spent $677 million on technology through the end of October.

In addition to the inspector general review, Sebelius said she has ordered the hiring of a new "chief risk officer" at the Medicare agency, which also oversees the new programs created to expand health insurance coverage under Obama's law. That official will focus on making sure technology programs work as advertised.

Sebelius also said she's ordered a retraining of her department on best practices for outside contracting.

The site went live Oct. 1 and immediately turned into an impenetrable maze for most consumers. A two-month program of fixes directed by White House troubleshooter Jeffrey Zients stabilized the site and made it more workable, resolving hundreds of software glitches and adding more hardware to handle high demand from consumers.

Zients also found that the technical problems were compounded by inadequate oversight and coordination among teams working for the government and its contractors. That raises questions about how Sebelius and her subordinates have managed the complex program. Through the summer and into the fall, the secretary had repeatedly assured Congress and the public that the insurance markets would open for business on schedule Oct. 1.

With his poll ratings in a dive, Obama not only accepted the blame for website woes, but personally apologized for the canceled individual insurance policies. The cancellations issue is highly sensitive politically because it contradicts Obama's promise that if you like your coverage you would be able to keep it.

The president sought to calm the backlash by allowing states and insurers to extend existing plans for another year. Thirty-eight have done so, according to analysis by the consulting firm Avalere Health. But it's unclear to what extent insurers have taken advantage of the leeway granted by state regulators.

The administration had set a goal of signing up 7 million people by the end of open enrollment season March 31. HHS health reform director Mike Hash says they're still "on track" to meet it. Uninsured people who procrastinate beyond that date will face tax penalties when they file their returns for the 2014 tax year.


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House Republicans signal support for budget deal

WASHINGTON — House Republicans signaled support Wednesday for a budget deal worked out a day earlier, a plan narrowly drawn but promoted as a way to stabilize Congress' erratic fiscal efforts, avert another government shutdown and mute some of the partisan rancor that has damaged Americans' attitudes about their lawmakers.

"There's a lot to like about it," said one GOP congressman, John Fleming of Louisiana, as he emerged from a closed-door caucus meeting.

In support from the rank and file that is welcome news to House GOP leaders, Rep. Jeff Miller, R-Fla., said most Republicans would back the deal worked out by Budget Committee Chairman Paul Ryan, R-Wis., and Democratic Sen. Patty Murray and applauded by the White House.

The House plans to vote by week's end before it adjourns for the year on Friday.

Still, there was some grumbling from both liberals and conservatives since the plan wouldn't solve long-term tax and spending issues, and ignores expiring unemployment benefits.

Sen. Rand Paul, R-Ky., a potential 2016 presidential candidate, announced his opposition, saying that "undoing tens of billions of this modest spending restraint is shameful and must be opposed."

But House Speaker John Boehner, R-Ohio, dismissed criticism from groups such as Heritage Action, which raise money as they criticize Republicans for being insufficiently conservative.

"They're using our members and they're using to American people to further their own goals," Boehner said Wednesday. "This is ridiculous."

But many House Democrats were less than enthusiastic, too.

"Stay tuned," said Minority Leader Nancy Pelosi, D-Calif., when asked about whether Democrats would support the bill.

The agreement, among other things, seeks to restore $63 billion in automatic spending cuts affecting programs ranging from parks to the Pentagon. The deal to ease those cuts for two years is aimed less at chipping away at the nation's $17 trillion national debt than it is at trying to help a dysfunctional Capitol stop lurching from crisis to crisis. It would set the stage for action in January on a $1 trillion-plus spending bill for the budget year that began in October.

The measure unveiled by Ryan and Murray blends $85 billion in spending cuts and revenue from new and extended fees — but no taxes or cuts to Medicare beneficiaries — to replace a significant amount of the mandated cuts to agency budgets over the coming two years.

The package would raise the Transportation Security Administration fee on a typical nonstop, round-trip airline ticket from $5 to $10; require newly hired federal workers to contribute 1.3 percentage points more of their salaries toward their pensions; and trim cost-of-living adjustments to the pensions of military retirees under the age of 62. Hospitals and other health care providers would have to absorb two additional years of a 2-percentage-point cut in their Medicare reimbursements.

House Majority Leader Eric Cantor, R-Va., said the measure will serve as a vehicle to delay a 24 percent cut in Medicare reimbursements to physicians that would otherwise take effect Jan. 1 The idea is to buy negotiators more time to try to permanently fix the problem, which dates to miscalculations enacted in a 1997 budget law.

The plan doesn't attempt to resuscitate earlier attempts at an accommodation that would have traded tax hikes for structural curbs to ever-growing benefit programs like Medicare and Social Security. But it would at least bring some stability on the budget to an institution — Congress — whose approval ratings are in the gutter.

"Our deal puts jobs and economic growth first by rolling back ... harmful cuts to education, medical research, infrastructure investments and defense jobs for the next two years," Murray said.

The measure won an immediate endorsement from President Barack Obama, who called it a step in the right direction.

The budget deal was one of a few major measures left on Congress' to-do list near the end of a bruising year that has produced a partial government shutdown, a flirtation with a first-ever federal default and gridlock on Obama's agenda.

In a blow to Democrats, the agreement omits an extension of benefits for workers unemployed longer than 26 weeks. The program expires Dec. 28, when payments will be cut off for an estimated 1.3 million individuals. Senate Majority Leader Harry Reid, D-Nev., has agreed to stage a test vote on the measure this year, but it's not clear whether he'll get enough GOP support to advance it.

Aides predicted bipartisan approval in both houses in the next several days, despite grumbling from liberals over the omission of the unemployment extension and pressure from tea party-aligned groups that are pushing Republican conservatives to oppose the deal.

The agreement would increase the cap on so-called discretionary spending from the $967 billion mandated by Washington's failure to follow up a 2011 budget agreement with additional deficit cuts. The cap would rise to $1.012 trillion for the ongoing 2014 budget year and up to $1.014 trillion for 2015.

The relief to the Pentagon is relatively modest since the agency started out facing a cut of $20 billion below the harsh cuts it faced in 2013; the agreement replaces those cuts but doesn't bring the military's budget much above 2013 levels.

"While modest in scale, this agreement represents a positive step forward by replacing one-time spending cuts with permanent reforms to mandatory spending programs that will produce real, lasting savings," Boehner said.

Even before the deal was announced, conservative organizations were attacking the proposal as a betrayal of a 2011 agreement that reduced government spending and is counted as among the main accomplishments of tea party-aligned Republicans who came to power earlier the same year in the House.

Sen. Marco Rubio, R-Fla., issued a statement opposing the measure and Senate Minority Leader Mitch McConnell, R-Ky., was seen as likely to oppose it as well. But key Democrats lined up behind Obama, especially after Ryan eased demands on making federal workers contribute more to their pensions.

____

Associated Press writers Henry C. Jackson, Alan Fram and Donna Cassata contributed to this report.


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Restructuring improves Polish airline's finances

WARSAW, Poland — Poland's debt-ridden LOT airline said Wednesday it has improved its finances through cost cuts and a reorganization of its business.

LOT said it will close the year with a loss of some 20 million zlotys ($5 million), or about 110 million zlotys less than had been assumed in a restructuring plan implemented this year.

Spokeswoman Barbara Pijanowska-Kuras said that was achieved by saving money on fuel, cutting administration and personnel costs and renegotiating deals with suppliers. LOT introduced new, flexible tariffs and widened its ticket distribution network.

It also offered chartered Boeing 787 flights to various popular spa resorts and leased one of its five 787s to Finnish airlines until Jan. 10. LOT was Europe's first carrier to have the 787, but suffered losses when the planes were grounded globally for security reasons.

LOT signed a compensation deal with Boeing on Monday, but did not disclose the details. Pijanowska-Kuras said the financial effects of the deal will be seen in 2014, which will be the "key" year for the company's restructuring program.

The European Commission is reviewing LOT's restructuring plan to decide whether to allow some 400 million zlotys ($ 95 million) in government aid that the airline received in 2012.


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FDA targets antibiotics in meat

WASHINGTON — Ciiting a potential threat to public health, the Food and Drug Administration moved Wednesday toward phasing out the use of some antibiotics in animals processed for meat.

Many cattle, hog and poultry producers give their animals antibiotics regularly to ensure that the animals are healthy and to facilitate the production process. Now, the agency has announced that it will ask pharmaceutical companies to voluntarily stop labeling drugs important for treating human infection as acceptable for those uses in animal production.

If the companies sign on, use of those antibiotics to promote growth in animals would be illegal and prescriptions would be required to use the drugs for animal illnesses.

The FDA is hoping to limit antibiotic resistant diseases in humans by decreasing the use of the drugs in animals. Exposure to antibiotics leads germs that survive stronger, so that they could withstand the drug the next time it is used.

Antibiotic resistance is a growing problem, and in September the Centers for Disease Control and Prevention released sobering estimates that more than 23,000 people a year are dying from drug-resistant infections.

The biggest risk is from germs spread in hospitals, and It's not clear how much of the problem is related to the use of drugs in meat. But consumers have become increasingly concerned about the issue, and FDA has been debating how to address it for several years.

"We need to be selective about the drugs we use in animals and when we use them," said William Flynn of FDA's Center for Veterinary Medicine. "Antimicrobial resistance may not be completely preventable, but we need to do what we can to slow it down."

The new guidance will give the companies three years to comply.

Michael Taylor, FDA's deputy commissioner of foods, said he believes asking industry to make the changes is the fastest way to help phase the drugs out. If the FDA made the process mandatory, he said, the agency would have had to move forward with a complex regulatory process that could take years.

"We have high confidence based on dialogue with industry that this initiative will succeed," Taylor said.

Some advocates pushing to rid the animal food supply of antibiotics said the FDA did not go far enough. Democratic Rep. Louise Slaughter of New York, a microbiologist, said the FDA should have made the action mandatory. The guidance "falls woefully short of what is needed to address a public health crisis," she said.

Others said it was progress.

"We commend FDA for taking the first steps since 1977 to broadly reduce antibiotic overuse in livestock," said Laura Rogers of The Pew Charitable Trusts' human health and industrial farming campaign. "There is more work to do, but this is a promising start, especially after decades of inaction."

___

Follow Mary Clare Jalonick on Twitter: http://twitter.com/mcjalonick


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Witness on day of 2008 arrest: 'Madoff Implodes'

NEW YORK — New York financier Bernard Madoff's former right-hand man summed up his boss' arrest exactly five years ago with two words: "Madoff Implodes."

The words were in Frank DiPascali's diary entry for Dec. 11, 2008. The diary was shown to jurors Wednesday on the five-year anniversary of Madoff's fall. The jurors are hearing evidence in the trial of five of Madoff's former employees.

DiPascali says Madoff called him that morning to say the FBI was in the Manhattan office of Madoff's brother. DiPascali says he asked Madoff "why are you calling me?" and threw the phone across the room.

DiPascali later pleaded guilty and cooperated with the government. He said he faces 125 years in prison if he does not tell the truth.


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Canada's postal service to phase out home delivery

TORONTO — Canada's postal service said Wednesday it will phase out home delivery within urban centers within the next five years as it begins to post significant financial losses due to growing use of digital communication.

Canada Post, a government corporation, said it will replace foot delivery with community mail boxes. About a third of Canadian homes still receive mail to their door.

A Conference Board of Canada study estimated savings of US$542 million (CA$576 million) a year by eliminating door-to-door delivery to urban homes.

It also plans to eliminate 6,000 to 8,000 jobs during the next five years, mainly through attrition. The postal service expects nearly 15,000 employees to retire or leave the company in the next five years. Canada Post employed 68,000 at the end of the 2012 fiscal year.

The company's core mail operations have been losing hundreds of millions of dollars per quarter for several quarters in a row.

Canada Post said if left unchecked, continued losses would soon jeopardize its financial self-sufficiency and become a significant burden on taxpayers and customers.

"What Canadians expect from their postal system is changing dramatically. That requires an equally dramatic change in the size, structure and direction of Canada Post," it said in a report. "Future success will require a leaner workforce, more competitive wages and benefits and greater flexibility."

Last month, Canada Post announced that it would ask the Canadian government for financial relief next year to help support a restructuring of its business model and pension plan framework to assure long-term financial sustainability.

The postal service has faced intense competition from couriers, as well as technology that has led to a growing popularity of consumers paying their bills and communicating online.

Transport Minister Lisa Raitt, the minister responsible for the corporation, said Canadians are sending less mail than ever, leaving Canada Post with some tough financial decisions in order to combat a steep decline in revenues.

In the third quarter, Canada Post reported an improved, but still big, pre-tax loss of US$102 million (CA$109 million) for the period ended Sept. 28. The pre-tax loss in the comparable period a year ago was US$136 million (CA$145 million).

Canada Post said the roll out of a new five-point action plan will return Canada Post to "financial sustainability" by 2019.

A think-tank commissioned by Canada Post earlier this year warned that the postal service was on track to lose $1 billion annually by the end of this decade.

In addition to service changes, the post is increasing the price of stamps.

The U.S. Postal Service has also struggled in the past few years. It has waited for years for legislators to pass a bill to fix its ailing finances. In fiscal 2013, it had a $5 billion loss, ending in the red for the seventh year.


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In Japan, General Motors has high hopes, low sales

Written By Unknown on Kamis, 05 Desember 2013 | 00.32

TOKYO — General Motors says it's in Japan for the long haul despite sales of Cadillac and Chevrolet models barely surpassing 1,000 vehicles a year.

There has never been much appetite in Japan for left-hand drive gas guzzling U.S. autos, and there are many informal barriers to foreign automakers making it here.

But GM executives see a glimmer of hope in the fact sales of its luxury nameplates have doubled in the past three years.

The automaker is trying to lure Japanese buyers with the new Cadillac CTS and Chevrolet Corvette, which it says boast better quality and mileage.

GM Japan Managing Director Sumito Ishii declined to give a sales target Wednesday, but said part of the Detroit automaker's sales strategy is to approach buyers who may not have preconceptions about GM.

General Motors Co. has also begun to offer models with the steering wheel on the right, which is standard in Japan.

"We have just begun our fight," Ishii told reporters at the Foreign Correspondents Club in Tokyo. "We offer attractive qualities that you can't find in Japanese and European cars."

Ishii and Gregg Sedewitz, director of sales and marketing, said the cars represent American luxury and are synonymous with risk taking, coolness and Hollywood celebrities.

The Cadillac CTS comes packed with the latest technology, such as a lightweight structure and a direct injection turbo engine, and sells for 5.99 million yen ($59,900) and 6.99 million yen ($69,900).

The Corvette, which ranges from 9.29 million yen ($92,900) to 11.59 million yen ($115,900) including the convertible models, is the greenest Corvette ever, delivering 12.3 kilometers per liter.

They go on sale in Japan from April and May next year.

Japanese consumers have historically favored European imports and home-made cars over American models, including luxury brands.

Annual sales of the Lexus, the luxury offering from Toyota Motor Corp., the world's top automaker, total about 40,000 vehicles in Japan. Annual sales for the BMW are about that same number.

Sedewitz acknowledged there was "no magic bullet" to boost sales volume in Japan.

"The numbers speak for themselves," he said. "We are in it for the long term."

___

Follow Yuri Kageyama on Twitter at twitter.com/yurikageyama


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Cyber Monday draws $1.74B billion holiday dollars

NEW YORK — Cyber Monday is still on top.

Retailers from Wal-Mart Stores to Amazon started rolling out "Cyber" deals at the beginning of November, and kept them going on Thanksgiving and Black Friday. That led some to wonder if earlier sales would put a dent in Cyber Monday sales. The date has been the biggest online shopping day of the year since 2010.

But shoppers delivered. In fact, shoppers bought online at the heaviest rate ever Monday, according to research firm comScore Inc., which tracks online sales.

The group said Tuesday e-commerce spending rose 18 percent from last year's Cyber Monday to $1.74 billion, making Monday the top online spending day since comScore began tracking the data in 2001. The figure does not include purchases from mobile devices.

"I always wait for the deals on Cyber Monday," said Stephanie Appiah, 25, a student who picked up a Google Chromecast video streamer with free shipping on Monday. "It's better than Black Friday because you don't have to deal with other people."

The strong online performance was in contrast to overall spending. Over the four days beginning on Thanksgiving, spending fell an estimated 2.9 percent to $57.4 billion, according to the trade group the National Retail Federation. Overall, the NRF expects holiday spending to rise 2.9 percent to $602.1 billion.

"Any notion that Cyber Monday is declining in importance appears to be completely unfounded," comScore Chairman Gian Fulgoni said in a statement Tuesday. "While it's true that many retailers are bleeding their Cyber Monday promotions into the weekend before and the days afterward, Cyber Monday itself continues to be the most important day of the online holiday shopping season."

However, he did say that early promotions had some consumers buying more items earlier in the weekend, suggesting that Cyber Monday could have even been stronger were it not for the emergence of this trend.

Consumer electronics and video game consoles and accessories were among the biggest sellers of the day. Home and garden products, clothing and accessories, as well as sports and fitness products also performed well.

ComScore tracks U.S. online sales based on observed behavior of a representative U.S. consumer panel of 1 million Web users.

One big online shopping trend so far this year is shoppers researching and buying on mobile devices like smartphones and tablets, said Forrester Research analyst Sucharita Mulpuru.

"There was an enormous lift in the number of people who use mobile devices, and it's been trending that way for the last couple of weeks," she said. Forrester forecasts $78.7 billion in U.S. online sales this holiday season, a 15 percent increase over 2012.

Meanwhile, IBM Benchmark reported on Tuesday that Cyber Monday sales rose 20.6 percent. IBM Benchmark takes sales results from over 500 online retailers and analyzes the data to estimate total online spending. Mobile sales, including smartphones and tablets, made up 17 percent of total online sales, an increase of 55.4 percent compared with last year.

Department stores were the strongest performers, with sales up 70 percent. The group does not give dollar amounts. Over the five-day shopping period beginning on Thanksgiving, sales rose 16.5 percent compared with 2012.

Jay Henderson, strategy director of IBM Smarter Commerce, said the fact that there were strong online sales on Thanksgiving, Black Friday and Cyber Monday bodes well for the rest of the season.

"We should see continued growth straight through the holiday season," he said. "Consumers seem to be online and spending in force."

The name Cyber Monday was coined in 2005 by NRF's online arm, called Shop.org, to encourage people to shop online. After retailers revved up deals for the day, it became the busiest online shopping day in 2010.

The name was also a nod to online shopping being done at work where faster connections made it easier to browse.

ComScore said Tuesday that even with high-speed connections being the norm these days, nearly half of consumers are still shopping online at work on Cyber Monday.

___

AP Business Reporter Sarah Skidmore Sell contributed to this report from Portland, Ore.


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German giant to venture into Hub

The venture arm of one of the world's largest pharmaceutical companies is opening its first U.S. office in Kendall Square, pledging to make $130 million in investments to life sciences companies.

"We chose Boston because it is unique," said Martin Heidecker, who will lead the Boehringer Ingelheim Venture Fund, an affiliate of Ingelheim, Germany-based Boehringer Ingelheim, citing the area's renowned universities and established biotech companies.

Heidecker said he will invest in early stage life sciences startups, and expects to give about $13 million to each company to help them grow and develop their technologies.

"We have a long-term perspective," Heidecker said, adding there is no time limit for the fund to be invested.

Although the main goal is to invest in companies that can eventually be acquired by Boehringer Ingelheim, Heidecker said he believes the products he ends up investing in will be difference-makers regardless of his parent company's involvement.

"The products result in solving the medical problems we have in the future," such as cancer, Alzheimer's and dementia, he said.

One of the reasons the Boehringer Ingelheim Venture Fund is different is its penchant for molding companies, Heidecker said.

"This is very hands on, very early" in a company's life, he said.

Although Heidecker will look for companies to invest in around the country, locating the office in Cambridge will naturally mean more investment in the local area, said Peter Abair, director of economic and global affairs for the Massachusetts Biotechnology Council. The average investment in Bay State biotech companies was about $8 million last year, he said.

"We do know venture capital does tend to stay close to where the VC firms can keep an eye on the companies," Abair said.

Heidecker, who has been in Cambridge for a month, said he has already found companies he is interested in backing.

"There will be investments in the near future," he said.


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Hub-Beijing travel ‘traffic’ spurs flights

Hainan Airlines' move to start nonstop flights between Boston and China was spurred by the already large number of travelers between the two destinations and the expectation for future growth, a company official said.

"There's a tremendous amount of traffic between Boston and China because of the educational travel, the leisure travel and the business travel in both directions," said Joel Chusid, Hainan's U.S. executive director. "It's a good thing for both economies. The market is also growing. We expect (it) is going to be further stimulated because of the nonstop service."

The Chinese airline confirmed yesterday that it plans to start direct flights between Logan International Airport and Beijing's Capital International Airport on June 20, as the Herald first reported last week. The flights initially will be four times weekly.

Hainan, Massport officials and Gov. Deval Patrick are set to announce the new service today. "Nonstop service from Boston to Beijing will open up new commercial and economic opportunities, and I thank Hainan Airlines for their partnership in achieving this significant milestone," Patrick said in a statement.

Hainan will start taking reservations within a few days for flights aboard Boeing 787s that will take a little more than 13 hours.

"It means a great deal because there are a large number of high-tech and not so high-tech companies in the Boston area that have very important trade relations with Chinese companies," said attorney Samuel Shafner, co-chairman of Burns & Levinson LLP's China practice. "The ability to easily make that trip may reduce a temptation for those companies to be located in markets like New York, where they have a direct flight."

Hainan, whose first nonstop U.S. service started in Seattle in 2008, had talked of Boston being its first U.S. destination since at least 2005. In his 2006 state of the city address, Mayor Thomas M. Menino announced Hainan expected to start air cargo service between Boston and Beijing and Shanghai that summer and passenger service that December. That plan was derailed by delays in the delivery and certification of the 787, Chusid said.


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Odds on Revere casino improve

Gaming Commission Chairman Stephen P. Crosby signaled yesterday he's ready to greenlight a proposed Mohegan Sun casino at Suffolk Downs in Revere, where the Planning Board last night unanimously voted in favor of a zoning amendment to allow gambling facilities.

The proposed change now goes to the City Council's subcommittee on zoning and the full council Monday night.

"This is just another example of our great partnership with the city of Revere and its affirmation of gaming development on our property with our new partners from Mohegan Sun," said Chip Tuttle, Suffolk Downs' chief operating officer.

The Planning Board's decision came just hours after the Gaming Commission delayed until next week a vote on whether the racetrack and Mohegan Sun can shift their proposed casino from East Boston, where voters rejected a Suffolk Downs casino last month, to the Revere portion of the track's property, where voters approved it.

The commission also will decide next week whether Revere's host community agreement and Nov. 5 referendum sufficiently address the possibility of a Revere-only option.

But Crosby said it would be "unfair" to prevent Mohegan Sun from going forward with the project.

"The referendum people voted on in Revere is clearly not what's on the table today," Crosby said. But he said, "To not permit Revere to go forward, when all reasonable deduction suggests had this been on the table it would have been enthusiastically endorsed, would be unfair."

Commissioner James F. McHugh countered that he is "troubled" by it, saying, "Voters have not had the opportunity to vote on Mohegan Sun."

By law, if a gaming proposal is rejected, there can't be another vote for 180 days, which would be well past the Dec. 31 deadline for gaming applications.

Boston, Chelsea and Winthrop are designated as surrounding communities, which would entitle them to funds to address potential impacts such as traffic and public safety. Lynn and Everett also have requested surrounding community status. Winthrop Town Councilor Craig Mael submitted an anti-casino town resolution last night. He said local support has waned thanks to the Revere-only plan.

The only other contender for the sole gaming license in eastern Massachusetts is Las Vegas billionaire Steve Wynn's Everett proposal. His suitability hearing is set for Dec. 16.

Wynn worked to ingratiate himself in the Everett area, sponsoring a charitable holiday toy event yesterday at the Everett Target. He's also helping sponsor the Boston Symphony Orchestra Holiday Pops.


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The Ticker: Hilltop Steakhouse auction and more...

U.S. sales up 1% 
over weekend

National retail sales climbed a mere 1 percent to an estimated 
$22.2 billion during the four-day Black Friday weekend that started on Thanksgiving for most of the nation, according to Chicago tracking firm ShopperTrak. Sales in the Northeast fell 1 percent, and store foot traffic dropped 9.8 percent. Record online sales on Cyber Monday, meanwhile, rose 20.6 percent from 2012, according to IBM. Mobile sales accounted for more than 17 percent of the sales, up 55.4 percent year-over-year.

Hilltop items to be sold at auction

The contents of the former Hilltop Steakhouse, the landmark Saugus restaurant that closed in October after 52 years, will be sold at an onsite auction Dec. 14. Restaurant equipment will be sold starting at 10 a.m., and furnishings, memorabilia and decorative items will go on the block at 
2 p.m. Among the items will be mounted bison heads, 11 carved wood cigar store Indians from the 1960s and Hilltop buttons, pins and menus. A preview is scheduled for 11 a.m. to 6 p.m. Dec. 13 and from 8 a.m. on auction day.

Kristin Pados joins Nara Logics Inc.

Nara Logics Inc., a computational neuroscience company that provides personalization to deep Web data, announced the appointment of Kristin Pados to its executive team. Pados will be joining the company at its Cambridge headquarters as senior vice president, product and general manager.


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Herald execs talk up future of news

Rumors of the death of newspapers have been greatly exaggerated, if Herald Publisher Patrick J. Purcell and Editor in Chief Joe Sciacca have anything to say about it — and they certainly did yesterday at a panel discussion on how news organizations can survive in a tech-addicted world of information overload and short attention spans.

"The challenges facing newspapers are not being faced by newspapers alone," Sciacca told an audience at Boston law firm Mintz Levin, which hosted the panel. "We know CNN has lost half its audience in the past year. AM radio is going away. A quarter of teenagers, the only way they interact with the Web is on their smartphone. We know that people don't want to be lectured anymore by legacy media ... they want to interact. We need to look for a (business) model that adjusts to that."

Stephen Mindich, publisher and CEO of Phoenix Media, who had to close the Boston Phoenix this year, predicted more newspapers will fail due to financial problems. But Purcell said, "Somehow or other we have been able to stay profitable. All I keep saying is, 'Let's keep our heads above water and see what happens.'"

The panel discussion, which also featured former Miami Herald Executive Editor turned Boston University dean Thomas Fiedler, was moderated by Mintz lawyer Jeffrey Robbins.


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Harvard Bioscience cutting 13 percent of jobs

HOLLISTON, Mass. — Medical instruments maker Harvard Bioscience said Wednesday that it will eliminate about 50 jobs, or 13 percent of its workforce, to save money and plans to reinvest some of the savings in expanding its business in China.

The company said it will save $2 million a year from the moves. It expects $3 million in immediate cost cuts and plans to reinvest about $1 million into expansion of its business in China, sales and marketing, and product development.

The company, which is based in Holliston, Mass., said it will take a charge of $1.5 million in the fourth quarter.

Harvard Bioscience Inc. shares rose a penny to $4.43 in morning trading Wednesday.

In November, the company spun off its Harvard Apparatus Regenerative Technology unit. Harvard Apparatus Regenerative Technology Inc. develops medical devices that are intended to grow organs outside of a body for transplant.


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Boston researchers find way to cut medical errors

BOSTON — Researchers at Boston Children's Hospital say they have devised a new system of shift-to-shift patient handoffs that significantly reduces medical errors.

After introducing the system on two inpatient units at the hospital, the researchers found that preventable errors declined by more than half over three months, they announced Tuesday.

Patient handoffs at shift changes when new doctors and nurses come on duty can be chaotic, often done in noisy hallways with multiple distractions, Dr. Amy Starmer, associate scientific researcher at Boston Children's and lead author of a study published in the Journal of the American Medical Association told The Boston Globe (http://b.globe.com/18hwKde ).

The researchers trained doctors on team-based communication strategies and introduced an acronym to help them remember key points to cover when discussing patients. They encouraged people to gather as a team, including senior physicians and doctors in training, to discuss patient care together in a quiet space, rather than the busy hallway.

On one unit, they also introduced a computerized tool to create printouts with key patient information and to prompt doctors whose shift was ending to fill out a to-do list for those coming on.

"We couldn't do just one small, little thing and expect to have an impact," Starmer said.

The researchers reviewed patient care before and after the system was introduced, and they tracked physician behavior. The new process resulted in doctors exchanging more complete information but did not require additional time, the study found. Preventable medical errors fell to 1.5 per 100 admissions, from a rate of 3.3.

Researchers are now studying the new procedure at nine pediatric centers around the country, with a $3 million grant from the U.S. Department of Health and Human Services.

___

Information from: The Boston Globe, http://www.bostonglobe.com


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Owner explores sale of Providence Journal

The Dallas-based parent company of the Providence Journal, A.H. Belo, has hired a consultant to explore the sale of the paper, the company said in a statement.

Jim Moroney, chairman, president and CEO of Belo, said in a statement, "The Providence Journal is an important financial contributor to our Company, and the newspaper's commitment to the citizens of Providence and Rhode Island is unmatched. However, with A. H. Belo's focus on investing and growing in Dallas, it makes sense to explore this opportunity."

The Journal is the only newspaper owned by Belo outside of Texas, after the sale of the Press-Enterprise of Riverside, California last month.

The company said the eventual sale of the Journal is not guaranteed, and is dependent on finding an appropriate buyer.

The statement said the company would use the money from a sale to "invest in or buy advertising and marketing services companies to grow and diversify revenues."

Belo also owns the Dallas Morning News and the Denton Record-Chronicle, both in Texas.


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German stocks outperform as Merkel forms gov't

Written By Unknown on Kamis, 28 November 2013 | 00.32

LONDON — German shares outperformed their peers in Europe on Wednesday after the country's major parties agreed to form a new government and a measure of consumer confidence hit a six-year high.

Trading volumes were relatively light, however, as traders in the U.S. started packing up for the Thanksgiving holiday.

The news that German Chancellor Angela Merkel's Christian Democrats have agreed the outlines of a "grand coalition" with the Social Democrats after two months of negotiations helped set the tone early in markets, particularly in Europe.

The rise in the GfK confidence indicator for Germany to 7.4 points for December from 7.1 in November also helped buoy stocks. It raised hopes that consumers in Europe's largest economy may be spending more — a development that could boost the battered economies of the 17-country eurozone, such as Greece and Spain.

"With a new minimum wage expected to come in as part of the coalition agreement, this should only fuel further spending from consumers, prompting further rises in these confidence figures and hopefully, more of a rebalancing in the region," said Craig Erlam, market analyst at Alpari.

Germany's DAX was one of Europe's best performers, trading 0.7 percent higher at 9,350. Elsewhere in Europe, the CAC-40 in France rose 0.4 percent to 4,296 while the FTSE 100 index of leading British shares was 0.3 percent higher at 6,658.

In the U.S., the Dow Jones industrial average was up 0.2 percent at 16,102 while the broader S&P 500 index rose 0.3 percent to 1,807.

Sentiment has been positive of late, particularly in the U.S., with the Nasdaq composite index the latest stock index to push through a key hurdle. On Tuesday, it closed above 4,000 for the first time since the end of the dot-com boom in 2000. It was up a further 0.5 percent Wednesday at 4,036.

A mixed bag of U.S. economic data — weekly jobless claims were solid but durable goods orders disappointed — had little market impact as traders were heading out for Thursday's Thanksgiving break. Though U.S. markets reopen on Friday, trading levels will likely remain light through the week.

Earlier in Asia, Japan's Nikkei 225 closed down 0.4 percent at 15,449.63 but Hong Kong's Hang Seng climbed 0.5 percent to 23,806.35. China's Shanghai Composite rose 0.8 percent to 2,201.07 and South Korea's Kospi was up 0.3 percent at 2,028.81.

Thailand's stock index climbed 0.9 percent after the central bank unexpectedly cut its policy interest rate by a quarter percentage point as escalating protests to topple the government add to pressure on the economy.

Elsewhere, the euro continued to recoup some recent losses, trading 0.1 percent higher at $1.3581.

The dollar was 0.8 percent higher at 102.07 yen, just shy of its earlier six-month high of 102.17 yen, as traders priced in the likelihood of further monetary easing by the Bank of Japan, which is trying to lift the world's number 3 economy and get inflation up to the 2 percent target.

"The belief of additional BoJ easing in 2014 will be important in keeping the yen on a weaker footing," said Derek Halpenny, an analyst at Bank of Tokyo-Mitsubishi UFJ.


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