Wall Street ends flat as investors seek new catalysts

NEW YORK (Reuters) - Stocks ended a quiet session with slight moves on Monday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive.

The benchmark index is up more 6.4 percent in 2013, putting both the S&P 500 and Dow industrials near multi-year highs. The S&P is less than 4 percent from its all-time intraday high of 1,576.09, hit in October 2007.

"This is still a market that looks terrific, but when you're up for six weeks in a row, everyone is going to want to take a pause going into the seventh week even if there is no bad news out there," said Eric Kuby, chief investment officer at North Star Investment Management in Chicago.

Volume was light, with about 4.812 billion shares changing hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, well below the daily average so far this year of about 6.48 billion shares.

Wall Street was modestly lower throughout the session but regained some ground in the final hour of trading as Google Inc rebounded off earlier losses. Shares of the Internet search giant dipped 0.4 percent to $782.42, recovering from earlier declines of 1 percent after the company said in a filing former chief executive Eric Schmidt is selling roughly 42 percent of his stake in the company.

Also in the tech space, Apple Inc rose up 1 percent to $479.93 after the New York Times reported the iPhone maker was experimenting with the design of a device similar to a wristwatch.

The Federal Reserve's Vice Chair Janet Yellen, seen as a potential successor to Fed Chairman Ben Bernanke next year, said the Fed is still aggressively stimulating an anemic U.S. economic recovery that has failed to bring rapid progress on employment.

The Dow Jones industrial average <.dji> was down 21.81 points, or 0.16 percent, at 13,971.16. The Standard & Poor's 500 Index <.spx> was down 0.92 points, or 0.06 percent, at 1,517.01. The Nasdaq Composite Index <.ixic> was down 1.87 points, or 0.06 percent, at 3,192.00.

Upbeat U.S. and Chinese data last week helped the S&P 500 extend its weekly winning streak to six. The index gained about 8 percent over that period.

Equities have been strong performers lately and many investors have used any declines in the market as opportunities to buy.

"Everyone wants to buy on a dip in this market, but if you're on the sidelines right now, the decline we're seeing today just isn't the kind you would jump in on," Kuby said.

President Barack Obama will describe his plan for spurring the economy in his State of the Union address on Tuesday. He is expected to offer proposals for investment in infrastructure, manufacturing, clean energy and education.

Opposition has grown to the $24.4 billion buyout of Dell Inc , the No. 3 personal computer maker, as three of the largest investors joined Southeastern Asset Management on Friday in raising objections. Dell said in a regulatory filing it had considered many strategic options before opting to go private in a buyout led by Chief Executive Michael Dell.

Dell shares hovered near $13.65, the buyout offer price.

Regeneron Pharmaceuticals Inc shares rose 2.7 percent at $170.35 after it said longtime drug development partner Sanofi plans to boost its stake.

Moody's Corp was one of the strongest percentage gainers on the S&P 500, rising 4.9 percent to $45.49. Last week the stock plunged 22 percent after the U.S. government launched a civil lawsuit against the company. The sell-off marked the stock's worst week since October 2008.

About 53 percent of stocks traded on the New York Stock Exchange closed lower while slightly more Nasdaq-listed stocks closed in negative territory.

(Editing by Nick Zieminski)

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Middle-Class Afghans Face a Murky Future

Bryan Denton for The New York Times

Haji Safiullah, right, attends to a customer at his pharmacy along the Kabul River. He is part of a new generation of Afghans that has succeeded in the private sector.

KABUL, Afghanistan — The landmarks of this capital city’s new middle class light up a once-restrained night sky — vast and glittering wedding halls with aspirational names like “Kabul-Paris,” streetlamp networks, come-hither billboards for energy drinks.

After the ouster of the Taliban in 2001, thousands of Afghan families returned from abroad, or came in from the countryside, to construct urban and increasingly Westernized lives. They built homes and careers based on an influx of foreign money, expanded bureaucracies and new educational opportunities.

And they are the ones most haunted by the fear that it could all just be a bubble, doomed to pop once foreign money and Western militaries stop holding it up.

“We are enjoying life,” said Rasool Mohibzada, 31, a former taxi driver who sold chickpeas and balloons in Pakistan during the Taliban years, but after returning to Kabul won a job as an I.T. manager for the British Council, the cultural relations agency of the British government.

Sitting in the large house he built on a $95,000 plot of land in airy western Kabul and playing with his 5-year-old daughter, he is a member of a young Afghan generation whose eyes burn with modest aspiration for what would be by outside standards an ordinary life — access to electricity, schools for his son and daughter, rule of law, security.

“But I am quite afraid about the future at the moment,” he said, shaking his head. “If I got the chance, I would go now.”

Though all of Afghanistan’s major cities have grown and changed, the biggest differences, by far, can be seen in Kabul. Its population has exploded, now more than 5 million compared with 1.2 million in 2001, and its streets, planned for 30,000 cars, are clogged with 650,000, according to the mayor, Mohammad Yunus Nawandish. He is drawing up an expanded city plan that can accommodate up to 8 million residents.

The new urban elite makes up only a tiny slice of Afghan life — most of the newcomers to Kabul are impoverished migrants who now occupy terraces of rough mud houses that have splashed up onto the rocky hillsides surrounding the city.

And the norm is still grinding poverty for about 70 percent of Afghans, who live in the countryside, or about 25 million people by some estimates. Taken as a whole, life expectancy for Afghans is still just 48 years, and the average annual national income per capita is about $410. That makes the contrast with the markers of the middle class all the more striking: in Kabul, there are beauty parlors, a bowling alley, new television stations, access to health care (although Afghans must travel abroad for serious treatment), restaurants like Afghan Fried Chicken and children’s birthday parties hosted at nice hotels.

At the private American University, privileged young adults — some of them the offspring of top officials and businessmen who have minted fortunes in the war economy — stride the five-acre campus, paying up to $6,000 a year for degrees in law and other subjects.

Some in the new generation have succeeded in the private sector, like Haji Safiullah, 42, a serious, thin-faced man, who owns three pharmacies and is branching out into construction, building apartment blocks in Kabul, Jalalabad and Mazar-i-Sharif.

“I am one of the people who have invested more than $1 million in different businesses,” Mr. Safiullah said.

Even as the United States is deliberating how large a force, if any, will stay in Afghanistan past the 2014 end of the international combat mission, Mr. Safiullah holds to the belief that the Americans will not leave Afghanistan altogether for many years. All the same, he is clear about the shape catastrophe will take if the world averts its gaze: a deterioration of security and an economic collapse.

“To tell you the truth, I am not that worried about the future because the international community has invested a lot in Afghanistan,” he said. “They will not let this investment fail.”

However, he keeps a Kalashnikov rifle beneath his counter just in case.

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Watch 9-Year-Old’s Comical Weather Report

Even if you’ve been overwhelmed with weather reports in the past 24 hours, here’s one you don’t want to miss. Not because it contains vital information ahead of a storm, but because it’s simply adorable and hilarious. Watch as 9-year-old William Hallman helps deliver the forecast for NBC affiliate station KVLY in Fargo, ND.

[More from Mashable: Nemo-Inspired ‘Bread & Milk’ Video Storms Facebook]

SEE ALSO: Little Boy’s Crazy Dance Moves Put NFL Cheerleaders to Shame

Hallman’s got the gesticulation down, but, we understand, working a green screen while facing the camera’s kind of like tapping your head and rubbing your belly simultaneously.

[More from Mashable: 17 Amazing ‘Harlem Shake’ Videos You Can’t Possibly Live Without]

BONUS: Quick and Easy Life Hacks

Click here to view the gallery: Quick and Simple Life Hacks

This story originally published on Mashable here.

Tech News Headlines – Yahoo! News

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Pink Reveals Her Secret to a Happy Marriage: Listening ... in Moderation

By Marisa Laudadio

02/09/2013 at 05:00 PM EST

Three-time Grammy winner Pink, 33, who is up for best pop vocal album at this month's Grammy Awards – and kicks off her U.S. tour on Feb. 13 – shares the secrets behind her music.

You're nominated for The Truth About Love. So how does the magic happen?
When I start a record, I'm like, 'God, I wonder if I can even sing.' But I write poetry and keep a journal, then the first day I go into the studio, I'm like, 'Here we go, I'm turning the faucet on!' I bottle it up for so long that the inspiration is always there.

How'd you get Eminem to be on 'Here Comes the Weekend'?
He wanted me to be on his last record (2010's Recovery), so I said, 'Yeah, let's swap.' I'm a die-hard Eminem fan. I think he's awesome.

You vent about your husband, Carey Hart, in many songs. How does he feel about that?
He's like, 'Look, I know you, we have a good sense of humor, and I know what I signed up for. I only listen to half of what you say anyway!' When he starts listening to me too much, we have problems!

What does your 20-month-old daughter Willow think of mommy’s music?
The first time she heard my music, she kind of looked at me and got the weirdest expression on her face. I wondered, 'God, what's going on in there for her?'

Many people will be partying hard Grammy night, so what's your best hangover cure?
Drink a beer as soon as possible! I used to be able to drink a bottle of wine and not get a hangover. Now, after two glasses I have a headache.

The 55th annual Grammys will air Sunday, Feb. 10, on CBS at 8 p.m. ET/PT (7 p.m. CT) from the Staples Center in Los Angeles.

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After early start, worst of flu season may be over

NEW YORK (AP) — The worst of the flu season appears to be over.

The number of states reporting intense or widespread illnesses dropped again last week, and in a few states there was very little flu going around, U.S. health officials said Friday.

The season started earlier than normal, first in the Southeast and then spreading. But now, by some measures, flu activity has been ebbing for at least four weeks in much of the country. Flu and pneumonia deaths also dropped the last two weeks, the Centers for Disease Control and Prevention reported.

"It's likely that the worst of the current flu season is over," CDC spokesman Tom Skinner said.

But flu is hard to predict, he and others stressed, and there have been spikes late in the season in the past.

For now, states like Georgia and New York — where doctor's offices were jammed a few weeks ago — are reporting low flu activity. The hot spots are now the West Coast and the Southwest.

Among the places that have seen a drop: Lehigh Valley Hospital-Cedar Crest in Allentown, Pa., which put up a tent outside its emergency room last month to help deal with the steady stream of patients. There were about 100 patients each day back then. Now it's down to 25 and the hospital may pack up its tent next week, said Terry Burger, director of infection control and prevention for the hospital.

"There's no question that we're seeing a decline," she said.

In early December, CDC officials announced flu season had arrived, a month earlier than usual. They were worried, saying it had been nine years since a winter flu season started like this one. That was 2003-04 — one of the deadliest seasons in the past 35 years, with more than 48,000 deaths.

Like this year, the major flu strain was one that tends to make people sicker, especially the elderly, who are most vulnerable to flu and its complications

But back then, that year's flu vaccine wasn't made to protect against that bug, and fewer people got flu shots. The vaccine is reformulated almost every year, and the CDC has said this year's vaccine is a good match to the types that are circulating. A preliminary CDC study showed it is about 60 percent effective, which is close to the average.

So far, the season has been labeled moderately severe.

Like others, Lehigh Valley's Burger was cautious about making predictions. "I'm not certain we're completely out of the woods," with more wintry weather ahead and people likely to be packed indoors where flu can spread around, she said.

The government does not keep a running tally of flu-related deaths in adults, but has received reports of 59 deaths in children. The most — nine — were in Texas, where flu activity was still high last week. Roughly 100 children die in an average flu season, the CDC says

On average, about 24,000 Americans die each flu season, according to the CDC.

According to the CDC report, the number of states with intense activity is down to 19, from 24 the previous week, and flu is widespread in 38 states, down from 42.

Flu is now minimal in Florida, Kentucky, Maine, Montana, New Hampshire and South Carolina.

___

Online:

CDC: http://www.cdc.gov/flu/

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US Air, AMR near $11 billion merger, deal seen within week : sources

NEW YORK (Reuters) - US Airways Group Inc and AMR Corp are nearing an $11 billion merger that would create the world's largest airline and could announce a deal within a week, after resolving key differences on valuation and management structure, people familiar with the matter said.

Under terms of a deal that are still being finalized, US Airways Chief Executive Doug Parker would become CEO, while AMR's Tom Horton would serve as non-executive chairman of the board until spring of 2014, when the combined company holds its first annual meeting, the sources said.

The deal would come more than 14 months after the parent of American Airlines filed for bankruptcy in November 2011, and would mark the last combination of legacy U.S. carriers, following the Delta-Northwest and United-Continental mergers.

The all-stock merger is expected to value the combined carrier at between $10.5 billion and $11 billion, and would give AMR creditors 72 percent of the ownership in the new company and US Airways shareholders the rest, they said.

The board of each airline is expected to meet in the middle of the coming week to vote on the proposed deal, and an announcement would likely come in the latter part of the week, the sources said, asking not to be named because the matter is not public.

Negotiations are continuing and could still be delayed or fall apart, they cautioned.

The companies had initially tried to schedule board meetings for Monday, the day that AMR's creditors committee planned to convene, and had aimed to announce a deal as soon as Tuesday, sources told Reuters previously.

But AMR needed more time to finalize details and the boards of the two airlines are now not expected to gather until around Wednesday, the sources said.

The AMR creditors committee is still meeting on Monday in New York, as initially scheduled, and will continue discussions as the airlines finalize negotiations, they added.

A lawyer for the creditors committee declined to comment. Representatives for AMR and US Airways declined to comment.

A combination with US Airways would create the world's top airline by passenger traffic and help the two carriers better compete with rivals United Continental Holdings and Delta Air Lines Inc .

A near-$11 billion valuation of the combined American-US Airways compares to some $12.4 billion market capitalization for Delta, and $8.7 billion for United Continental.

The currently planned equity split ratio between AMR creditors and US Airways shareholders implies a roughly $3 billion valuation for US Airways and some $7.5 billion to $8 billion valuation for AMR.

NEW AMERICAN AIRLINES

US Airways will follow through on its agreement with AMR labor unions last year that the combined carrier would be branded American Airlines and be based in Fort Worth, Texas, where AMR is currently based, sources said. US Airways has its headquarters in Tempe, Arizona.

As part of the merger, US Airways will also leave the Star Alliance to join the oneworld global airline alliance, of which American Airlines is an anchor member along with British Airways, the people familiar with the matter said.

The airlines are estimating that a merger will bring about $1 billion in revenue and cost benefits, they said.

Horton rebuffed an aggressive takeover push from US Airways early in the bankruptcy process, saying the airline preferred to exit court protection on its own and consider a deal later. But after several months of talks with its own creditors as well as with US Airways, Horton has softened his approach and agreed to consider all options.

A combined American-US Airways would provide the scale to match bigger rivals that are upgrading service and expanding international routes. The merged company would have revenue of $38.69 billion based on 2012 figures, ahead of United Continental which had revenue of $37.15 billion last year.

The new American would have a solid presence on the important U.S. East and West coasts and on North Atlantic routes, given American's revenue-sharing joint venture with British Airways and Iberia.

(Reporting by Soyoung Kim in New York, additional reporting by Nick Brown and Karen Jacobs; Editing by Sandra Maler)

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3 North Korean Doctors Are Killed in Nigeria

POTISKUM, Nigeria (AP) — Assailants in northeastern Nigeria have killed three North Korean doctors, beheading one of them, officials said Sunday.

The attack on Saturday night in Potiskum, a town in Yobe State, comes after gunmen killed at least nine women who were administering polio vaccines in Kano, the major city in Nigeria’s predominantly Muslim north.

The assailants apparently killed the North Korean doctors inside their home, said Dr. Mohammed Mamman, chairman of the Hospital Managing Board of Yobe State.

The North Korean doctors had no security guards at their residence and typically traveled around the city without a police escort, officials said.

All three bodies had what appeared to be machete wounds.

Two of the men had their throats slit. The assailants beheaded the other doctor.

The doctors lived in a quiet neighborhood in the town. There was no room to house them at the hospital, where they would have had some protection, Dr. Mamman said.

Initially, doctors at the hospital who worked with the three men identified them as being from South Korea, while the police said they were from China.

But Dr. Mamman said that the three men were from North Korea and had lived in the state since 2005 as part of a medical program between Yobe State and the North Korean government.

More than a dozen other North Korean doctors work in the state under the program, which also includes engineers, Dr. Mamman said.

He said all the North Koreans would receive immediate protection from the security forces.

“It is very unfortunate,” he said of the killings.

The Yobe State police commissioner, Sanusi Rufai, confirmed that the attack took place and said that officers had begun an investigation.

Mr. Rufai said the police had already arrested 10 people, though the police in Nigeria routinely round up those living around the site of a crime, whether or not there is any evidence suggesting their complicity.

North Korea’s official Korean Central News Agency did not immediately report the three doctors’ deaths on Sunday.

No one claimed responsibility for the attack, though suspicion fell on the Islamist sect Boko Haram. Members of the sect, whose name means “Western education is sacrilege,” have been attacking government buildings and security forces over the past year and a half.

In 2012 alone, the group was blamed for killing at least 792 people.

Read More..

Why the Lumia 620 is so important to Nokia: Windows Phone is hammering the iPhone in India

The latest Nielsen survey confirms one of the major smartphone trends of 2012: That the Windows Phone operating system showed remarkable strength in India even before the new wave of Nokia (NOK) and HTC (2498) models launched in January. According to Nielsen, Windows Phone grabbed 8% of India’s smartphone market last autumn, far ahead of BlackBerry (BBRY) at 3% and iPhone at 1%.

[More from BGR: My problem with ‘phablets’: They’re great for everything except as phones]

This is probably one of the reasons why Apple (AAPL) has started reconsidering a budget iPhone seriously. Nokia is launching its key budget Windows model, the 620, in a few weeks in India and the pricing is now expected to be around 15,000 rupees. This would be more than 10,000 rupees below the cheapest iPhone. India’s surprisingly strong Windows showing mirrors that of recession-racked Italy, where Windows was able to top a 13% market share in December according to Kantar Worldpanel.

[More from BGR: 7 million iPhones and iPads have been jailbroken in just four days]

The key to the market share surge in both regions has been the dirt-cheap Lumia 600/610, which debuted in the previous winter. The successor model 620 has the advantage of not facing a budget BlackBerry or a budget iPhone for at least five months. This is where the fate of the global success of the Windows smartphone camp is now being decided in the coming two quarters. If the 620 cannot become a substantial volume seller in Southern Europe and Southeast Asia, the two strongest regions for Windows right now, the long-term prospects are dim indeed.

India is one of the fastest growing smartphone markets in the world and is largely viewed as a gateway to Southeast Asia. Its phone market is radically different from China, but mirrors important countries like Malaysia, Philippines and Indonesia reasonably well. Windows smartphones have a half year window to really burrow into the moderately priced smartphone niche in Southeast Asia before a new value BlackBerry and a possible budget iPhone arrive. Achieving 15-20% market share in the smartphone markets of Southern Europe, Asia and Latin America is probably the minimum requirement for Windows Phone’s long-term survival, since getting to double digit share in North America and Northern Europe is unlikely.

This article was originally published on BGR.com

Gadgets News Headlines – Yahoo! News

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Tiger Woods & Lindsey Vonn Are 'Spending More Time' Together: Source

Buzz

By Steve Helling

02/09/2013 at 06:00 PM EST

Tiger Woods and Lindsey Vonn

Mick Tsikas/Reuters/Landov; Luis Guerra/Ramey

It was quite the gesture.

After Lindsey Vonn suffered a devastating injury during the Alpine World Championships in Austria, she got a bit of help from Tiger Woods. Walking on crutches, Vonn – who tore two ligaments in her right knee and fractured her shin when she crashed on Tuesday ­– boarded Woods's private jet to return home.

Is it a sign that the rumored relationship between Woods and Vonn is heating up?

"Tiger and Lindsey have been friends for a while, and nothing started out romantically at all," a source tells PEOPLE. "But they really have a lot in common and got closer and closer. He still refers to her as 'my very good friend,' but he's been spending more and more time talking to her – and talking about her."

Last month, Vonn's reps kept mum about the rumored relationship, telling PEOPLE that her "focus is solely on competing and on defending her titles and thus she will not participate in any speculation surrounding her personal life at this time."

But the source close to Woods tells PEOPLE that Woods, 37, and Vonn. 28, talk and text frequently.

"Tiger really does want a woman who he can have good conversations with," he says. "He wants shared interests and outlooks. He is finding that with [Lindsey]."

Woods made international headlines in 2009 when he was linked to dozens of women while still married to his ex-wife, Elin Nordegren.

Since then, he has dated sporadically, but struggled to find someone who wanted a relationship for the right reasons.

"She's not freaked out by his past, and that's really appealing to him," says the source. "He really does deserve to be happy. He has been flogging himself for three years, and it's good to see him moving forward."

Read More..

After early start, worst of flu season may be over

NEW YORK (AP) — The worst of the flu season appears to be over.

The number of states reporting intense or widespread illnesses dropped again last week, and in a few states there was very little flu going around, U.S. health officials said Friday.

The season started earlier than normal, first in the Southeast and then spreading. But now, by some measures, flu activity has been ebbing for at least four weeks in much of the country. Flu and pneumonia deaths also dropped the last two weeks, the Centers for Disease Control and Prevention reported.

"It's likely that the worst of the current flu season is over," CDC spokesman Tom Skinner said.

But flu is hard to predict, he and others stressed, and there have been spikes late in the season in the past.

For now, states like Georgia and New York — where doctor's offices were jammed a few weeks ago — are reporting low flu activity. The hot spots are now the West Coast and the Southwest.

Among the places that have seen a drop: Lehigh Valley Hospital-Cedar Crest in Allentown, Pa., which put up a tent outside its emergency room last month to help deal with the steady stream of patients. There were about 100 patients each day back then. Now it's down to 25 and the hospital may pack up its tent next week, said Terry Burger, director of infection control and prevention for the hospital.

"There's no question that we're seeing a decline," she said.

In early December, CDC officials announced flu season had arrived, a month earlier than usual. They were worried, saying it had been nine years since a winter flu season started like this one. That was 2003-04 — one of the deadliest seasons in the past 35 years, with more than 48,000 deaths.

Like this year, the major flu strain was one that tends to make people sicker, especially the elderly, who are most vulnerable to flu and its complications

But back then, that year's flu vaccine wasn't made to protect against that bug, and fewer people got flu shots. The vaccine is reformulated almost every year, and the CDC has said this year's vaccine is a good match to the types that are circulating. A preliminary CDC study showed it is about 60 percent effective, which is close to the average.

So far, the season has been labeled moderately severe.

Like others, Lehigh Valley's Burger was cautious about making predictions. "I'm not certain we're completely out of the woods," with more wintry weather ahead and people likely to be packed indoors where flu can spread around, she said.

The government does not keep a running tally of flu-related deaths in adults, but has received reports of 59 deaths in children. The most — nine — were in Texas, where flu activity was still high last week. Roughly 100 children die in an average flu season, the CDC says

On average, about 24,000 Americans die each flu season, according to the CDC.

According to the CDC report, the number of states with intense activity is down to 19, from 24 the previous week, and flu is widespread in 38 states, down from 42.

Flu is now minimal in Florida, Kentucky, Maine, Montana, New Hampshire and South Carolina.

___

Online:

CDC: http://www.cdc.gov/flu/

Read More..