Teen Mom 2 divorce: Is Jenelle Evans leaving her husband

Wednesday, 9 January 2013

London, Jan 9: It appears that Teen Mom 2's Jenelle Evans and her husband Courtland Rogers are over newlywed bliss. In fact, the couple may be separating after getting married just 26 days ago.

In a series of angry tweets, Evans implied she may be leaving Rogers. "Why would I come back "home" when u just threw my suitcase down the stairs and at yr own SISTER @courtyb11," she tweeted, addressing Rogers' by his Twitter handle.

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In subsequent tweets, Evans accused Rogers of pawning his father's cell phone for drugs and wrote, "I need my best friend right now I can't stop crying."

Later in the day, Evans wrote, "Deactivating twitter. Bye." and has not posted since, but prior to that she mused, "Why do we fall in love so easy even when it's not right?"

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Rogers sent a series of tweets himself, some of which were directed at Evans. "Come home to ur husband !!" he wrote. "Quit f---ing making this look like my fault let me love u jenelle like I always have and more."

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But, Rogers seemed to be moving past the dispute. "I love this life !!!" he tweeted. "And Hardee's breakfast :).

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Kardashian, West feel 'blessed' over baby news

Atlantic City, Jan 9 : Kim Kardashian and Kanye West are feeling lucky about their first child together.

"It's true," the 32-year-old reality TV star said in a statement on her site. "Kanye and I are expecting a baby. We feel so blessed and lucky and wish that in addition to both of our families, his mom and my dad could be here to celebrate this special time with us."

Kardashian's father, Robert Kardashian, died in 2003. West's mother, Donda West, died in 2007.

Kardashian added in the blog post that she was "looking forward to great new beginnings in 2013 and to starting a family."

The 35-year-old rapper revealed to a crowd of more than 5,000 in song form at a concert that his girlfriend is pregnant. Kardashian was in the crowd at Revel Resort's Ovation Hall with her mother, Kris Jenner, and West's mentor and best friend, Jay-Z.

The news instantly went viral online, with thousands posting and commenting on the expecting couple.

Most of the Kardashian clan tweeted about the news, including Kim's sisters. Kourtney Kardashian wrote: "Another angel to welcome to our family. Overwhelmed with excitement!"

West told concertgoers to congratulate his "baby mom" and that this was the "most amazing thing."

Representatives for West and Kardashian didn't immediately respond to emails about the pregnancy.

The rapper and reality TV star went public with their relationship in March.

Kardashian married NBA player Kris Humphries in August 2011 and their divorce is not finalized.

West's night show was his third consecutive performance at Revel. He took the stage for nearly two hours, performing hits like "Good Life," ''Jesus Walks" and "Clique" in an all-white ensemble with two bandmates.

Kardashian is expected to spend New Year's Eve at public appearance at a Las Vegas nightclub.

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How one man retired in paradise?

Washington, Jan 9 : Six years ago, Mike Sager was a stockbroker in California with a dream about how retirement could be. He set out to find his own piece of paradise south of the border. "Little did I know at the time that I'd end up this far south," he says.

Sager's search led him up and down the Americas, and eventually to Ecuador. "With the economies of the developed world collapsing, an exodus has begun to the undeveloped world. Americans, Canadians, and Brits, especially, but others, too, are looking for options for where to put their money and where to spend their time," says Sager. "I think of myself as among the front-runners of this emerging migration."

For an American retiree looking for a place to realize the best of his retirement daydreams, Ecuador can make a lot of sense. Geographically, it follows the natural line of migration from the United States, to Mexico, through Central America, and then south. Plus, the weather can be as good as it gets in Central America. When you think of Equator, you probably think of hot and humid weather, but in the highlands of Ecuador the climate is mild and fresh, even cool. Plus, there are no severe weather patterns here, so you generally don't need to worry about hurricanes.

However, perhaps the biggest appeal of Ecuador for most retirees is the cost of living. It's very possible for a retired couple to live in this country on a budget of as little as $700 per month.

Sager has chosen to make his home on the coast near the town of Salinas, where he lives on an eight-mile stretch of Pacific coast. "I get up in the morning, make a big mug of coffee, and head out to my deck overlooking the Pacific Ocean. I call it my office," Sager says. He answers a few e-mails and then plans his day. Frequent activities include boogie boarding, riding his motorcycle, calling a fellow musician to jam, or just sitting there awhile, taking in the view and sound of the waves and breathing in the fresh ocean air.

Soon after he moved here, Sager purchased a hammock and tied it up between two coconut trees on the beach in front of his house. "I sunk into the hammock and sipped the cold brew as I watched the sun disappear into the Pacific," he says. "We all deserve that kind of experience, those moments that remind you what life is all about." The important thing to understand is that those moments can be yours easier than you think. All you need is a sense of adventure.

Ecuador is an adventure land, offering a great diversity of landscapes and geography, from the Andes to the lowlands, and a long coast, in a country the size of Nevada. Each region has its appeal, and the best part is they are all very affordable.

"Back in my old life, working in the financial services industry in California, I was constantly stressed about all that had to be done," says Sager. "Ecuador has taught me to relax and to understand that what needs to get done will get done. My stress is gone. I know it sounds like a fantasy. But I can tell you firsthand that Ecuador can teach you how to let go and enjoy."

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49ers part ways with Brandon Jacobs

Santa Clara, Jan 9 : The San Francisco 49ers parted ways for good with running back Brandon Jacobs, an expected move after the outspoken player was suspended for the final three regular-season games.

The team said that even if Jacobs were to be claimed by another team off waivers, he would not be eligible to play during the postseason and only once the Super Bowl was done - so, that certainly came into the timing of the move.

When asked during his news conference whether Jacobs would be reinstated, coach Jim Harbaugh offered only, ''No, he will not.''

Jacobs was suspended Dec. 10, though the team didn't explain why he was being punished. Yet it was pretty clear following a series of posts by Jacobs on social media sites in the days prior addressing his lack of playing time.

Jacobs had five carries for 7 yards while playing in only two games and being active for just three for the NFC West champions (11-4-1).

Whether Jacobs will get another chance is unclear. Some believe his antics might have finally cost him.

The 30-year-old Jacobs spent his first seven NFL seasons with the New York Giants and has called this his ''worst'' year - though he knew full well he was joining a crowded backfield that features three-time Pro Bowler Frank Gore as one of the faces of the franchise.

Earlier in December, he posted a series of photos of himself playing for the Giants - and even a picture of his two Super Bowl championship rings, side by side.

''I am on this team rotting away so why would I wanna put any pics up of anything that say niners,'' Jacobs said in an Instagram post. ''This is by far the worst year I ever had, I'll tell you like I told plenty others.''

On Twitter later, Jacobs said: ''I don't understand why people are angry at me because I wanna do what I am paid to do, I am a competitive person, I think people should be mad if I didn't wanna play. ... As for all of my Instagram photos I don't have any niner pics, if you'll find me some pics I'll put them up.''

Jacobs, hampered by a left knee injury earlier this season, would spend approximately 20 minutes before games punching the goal-post padding. He said it was his way of dealing with the frustration of the situation.

In November, Jacobs posted advice on Twitter with a reference to never working ''in a place where you hate your boss so much, you should always be happy at work'' with a hash tag of ''YouLiveAndYouLearn.'' His post came the same day Harbaugh was hospitalized for a minor procedure for an irregular heartbeat.

Jacobs then said people shouldn't ''assume'' his remarks were football-related, then followed up with more tweets - including one reading ''football is not my life, people'' and another saying, ''Have you ever been in a spot and you wonder why are you there.''

Later, he posted that his tweets referred to his brother's boss, who makes ''him feel like he is the best thing since slice bread but when the budget is shot he is the first one get laid off, same with two other people I know.''

Jacobs ran for 571 yards and seven touchdowns last season with New York as a backup to Ahmad Bradshaw. He is the fourth-leading rusher in Giants franchise history with 4,849 yards, but saw his role diminish with the emergence of Bradshaw and became increasingly disgruntled.

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Survivors of fatal Ore. bus crash say some ejected

Pendleton, Jan 9 : Survivors of a bus crash that killed nine people on a partly icy section of interstate in rural Eastern Oregon said some passengers were thrown from the vehicle through broken windows after it skidded out of control, smashed through a guardrail and plummeted 200 feet down an embankment.

When the tour bus came to a rest, terrified passengers looked around for their loved ones.

"Some mothers screamed to find their son or daughter," said Jaemin Seo, a 23-year-old exchange student from Suwon, South Korea.

The charter bus, owned by a British Columbia company, crashed just east of Pendleton while returning to Canada from Las Vegas — one of the stops on a nine-day western tour.

Aboard were 48 people, some of them exchange students from South Korea. Some passengers were from British Columbia, and some from Washington state. Investigators say there also may have been a Japanese passenger and one from Taiwan, and they're working with consular officials from those nations to identify them.

The survivors, who range in age from 7 to 74, were sent to 10 hospitals in Oregon, Washington and Idaho. At least 10 were released, police said.

Authorities said it could be a month or more before investigators and prosecutors decide whether to file any charges against the bus driver, a 54-year-old Vancouver, B.C., man who was among the injured. He has spoken with investigators, Lt. Gregg Hastings said.

The bus was traveling westbound in the left lane of Interstate 84 when it hit a concrete barrier, veered across both westbound lanes and plunged through the guardrail and down the embankment, Hastings said. Police haven't determined how fast the bus was going when it struck the center barrier.

The crash occurred near a spot on the interstate called Deadman Pass, at the top of a steep, seven-mile descent from the Blue Mountains. That section of road is so notorious that state transportation officials published a warning for truck drivers saying it has "some of the most changeable and severe weather conditions in the Northwest."

Still, Oregon Department of Transportation spokesman Tom Strandberg said that while there were icy spots where the crash occurred, it was nothing unusual for this time of year.

He said a sanding truck had applied sand a few hours earlier and was behind the bus making another run when the crash occurred. The sand truck driver was among the first at the scene.

The highway has been shut down several times this winter, mostly due to crashed trucks blocking the roadway, Strandberg said. A decision to close the road or require chains is made by the local maintenance crew, he said.

Seo said he was awakened by screaming and was ejected from a broken window as the bus careened down the hill. Seo had a broken ankle, a gash in his arm that required stitches and shallow scratches across his face. He is an exchange student from South Korea studying in Vancouver, British Columbia.

Berlyn Sanderson, 22, of Surrey, British Columbia, said she also was thrown from the bus.

"It's kind of like one of those dreams you have of the world ending," Sanderson told reporters.

Rescuers faced the challenge of bringing survivors 200 feet up a steep cliff, Pendleton Fire Chief Gary Woodson said. They descended the hill and used ropes to help retrieve people from the wreckage in freezing weather.

Some survivors were carried on backboards by six or eight rescuers. Others were hoisted in baskets, and an all-terrain vehicle arrived toward the end of the operation, Woodson said.

Officials said 39 people were taken to hospitals, and 10 of them had been treated and released.

The National Transportation Safety Board said two investigators were expected to arrive at the crash site. They will look into why the bus left the road, the condition of the road at the time, the condition of the guardrail, the actions of the driver, and the operations of the company that owns the bus, the agency said.

The Oregonian newspaper quoted one survivor, 25-year-old Yoo Byung Woo, as saying he and some other passengers thought the driver was "going too fast."

"I worried about the bus," Yoo said, adding it was snowing and foggy at the time. He said one rider was frightened and asked if they could take another route. Some passengers were dozing when the driver slammed on the brakes.

Yoo said rocks smashed through windows after the bus crashed through the guard rail and rolled down. The NTSB said the bus rolled at least once.

Umatilla County Emergency Manager Jack Remillard said the bus was owned by Mi Joo Tour & Travel in Vancouver, B.C.

A bus safety website run by the U.S. Department of Transportation said Mi Joo has six buses, none of which have been involved in any accidents in at least the past two years.

A spokesman for the NTSB, Peter Knudson, said seatbelts aren't required on such buses. "We have been concerned about this for some time," Knudson said.

The local Red Cross shelter has been offering food, clothing and hotel arrangements for survivors as they are released from the hospital. Passengers' relatives also have gone to the shelter, seeking information about their loved ones.

Jake Contor, a Pendleton resident who speaks Korean and helped translate for the Red Cross, said he had spoken with several of the survivors.

"The stories have been fairly consistent: braking, swerving, sliding on the ice, hitting the guardrail, then sliding down the embankment," Contor said.

He said the victims told him the bus left Boise, Idaho, and was supposed to arrive in Vancouver that night. The survivors who spoke to Contor were seated at the back of the bus and said it appeared that the front and center of the coach sustained the most damage.

The interstate links Boise and Portland through the Blue Mountains and the Columbia Gorge.


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Publisher Tribune emerges from four-year bankruptcy

New York, Jan 9 : US media giant Tribune Co emerged from bankruptcy, ending four years of Chapter 11 reorganization and potentially setting itself up for a future without newspapers.

Tribune's controlling owners, which include hedge funds Oaktree Capital and Angelo, Gordon & Co, and JPMorgan Chase & Co intend to sell most, if not all, of its newspapers and already have expressions of interest for The Los Angeles Times, The Orlando Sentinel and others, media has reported.

For now at least, the Chicago-based company said its portfolio would include eight major daily newspapers and 23 TV stations.

Tribune's newspapers remain profitable despite the falloff in readers and advertising. Veteran newspaper analyst John Morton, President of Morton Research, estimated the Los Angeles Times could fetch $130 million at an auction, while the Chicago Tribune could garner $86 million in a sale.

Oaktree is the biggest Tribune shareholder, owning about 23 percent of the company while Angelo Gordon and JP Morgan each hold a 9 percent stake.

"Tribune will emerge as a dynamic multi-media company with a great mix of profitable assets, powerful brands in major markets, sufficient liquidity for operations and investments and significantly less debt," Chief Executive Eddy Hartenstein said in a statement.

As part of the Chapter 11 exit, the company closed on a new $1.1 billion senior secured term loan and a new $300 million asset-based revolving credit facility.

The term loan will be used to fund certain payments under the plan of reorganization and the revolving credit facility will be used to fund ongoing operations, the company said.

Tribune's most actively traded debt, a $5.5 billion loan due in May 2014, was most recently trading at 83 cents on the dollar.

Upon exiting bankruptcy, Tribune will have issued to former creditors a mix of about 100 million shares of new class A common stock and new class B common stock, and new warrants to purchase shares of new class A or class B common stock.

Hartenstein will remain CEO until the new Tribune board names a new management team. Peter Liguori, a former Discovery Communications chief operating officer, is expected to be named CEO.

The company announced a seven-person board that includes Hartenstein, Liguori, former Yahoo CEO Ross Levinsohn and Peter Murphy, Walt Disney's former top strategic planning executive.

Tribune is expected to focus on building its TV operations. In its portfolio, it owns WGN America, a national feed of Tribune's Chicago TV stations that it distributes through cable and satellite to more than 76 million U.S. homes.

Horizon Media analyst Brad Adgate said WGN could expand its base by 20 million to 25 million homes if it adds original programming to its lineup.

Tribune's TV operations are estimated to account for $2.85 billion of the company's $7 billion valuation, while its publishing assets are estimated to represent $623 million, according to a report by its financial advisor, Lazard. The rest of its value resides in assets including its 30 percent stake in the Food Network and its cash balance.

In November, Tribune received regulatory approval from the Federal Communications Commission to transfer its broadcast licenses to the owners who would take it over after emerging from bankruptcy.

Real estate magnate Sam Zell stunned the media industry when he took the company private in 2007 in an $8.2 billion leveraged buyout that burdened the company with debt and that many observers warned would be disastrous. Tribune was forced into bankruptcy in 2008.

The company's reorganization plan was confirmed by the Delaware bankruptcy court in July.

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January groundbreaking for Atlanta's College Football Hall of Fame

Atlanta, Jan 9 : Groundbreaking for a new College Football Hall of Fame in downtown Atlanta is set for January 28, and the first visitors are expected to walk through the doors in August 2014, the National Football Foundation said.

The Foundation decided three years ago that it was moving the Hall of Fame to Atlanta from South Bend, Indiana, near the campus of the University of Notre Dame, a college football powerhouse. The South Bend facility closed.

The new hall, in a highly trafficked section of Atlanta, is expected to attract many more visitors than it did in South Bend, John Christie, executive vice president of Atlanta Hall Management Inc, said. Atlanta Hall Management is the nonprofit formed to oversee the new facility.

It will be located near Centennial Olympic Park, the Georgia Aquarium and the World of Coca-Cola museum, and will be within walking distance of the Georgia Dome, where the Atlanta Falcons professional football team plays.

"We have a critical mass of millions visiting the Centennial Park area," Christie said.

The $66.5 million project will be funded with corporate sponsorships while the city of Atlanta and state of Georgia will fund road improvements needed for the new building, said Christie.

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Major banks close to big settlement on home loans

New York, Jan 9 : US regulators are close to securing another multibillion-dollar settlement with the largest banks to resolve allegations that they unlawfully cut corners when foreclosing on delinquent borrowers, a source familiar with the talks said.

The settlement with five big banks would be part of a larger deal that the Office of the Comptroller of the Currency hopes will include 14 banks and total about $10 billion, the source said.

Such a settlement would address an outstanding issue that was left unsettled after the $25 billion deal that the banks reached in February with the Justice Department, housing authorities, and state attorneys general.

In 2011, the OCC had separately required the big banks to "look back" and compensate borrowers wrongfully foreclosed upon in 2009 and 2010. It appears that the case-by-case analysis is proving too cumbersome, and the banks are instead opting for a lump-sum settlement.

The top five mortgage lenders -- Bank of America Corp, Wells Fargo & Co, JPMorgan Chase & Co, Citigroup Inc and Ally Financial Inc -- may reach a deal in the coming days, the source said.

The largest banks would pay the majority of the $10 billion target. That money would be paid out to a group of borrowers foreclosed upon during the period of time covered by the review, said the source, who was not authorized to speak publicly.

The OCC and the banks are still negotiating how to calculate individual payouts, the source said, adding that regulators will give the banks credit for compensation they have already given borrowers as part of ongoing foreclosure reviews.

"The Office of the Comptroller of the Currency is committed to ensuring the Independent Foreclosure Review proceeds efficiently and to ensuring harmed borrowers are compensated as quickly as possible," the OCC said in a statement.

Ally, Wells Fargo, JPMorgan, Bank of America and Citigroup declined to comment.

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Shaw CEO sells most of stake after shareholders ok CB&I deal

New York, Jan 9 : James Bernhard, chief executive of engineering company Shaw Group Inc (SHAW), has sold off most of his stake in the company he founded after shareholders approved a sale to Chicago Bridge and Iron Co NV (CBI) this month.

Late last week, Bernhard reduced his shareholding in Shaw to 143,356 shares from 1,131,603, according to filings with U.S. securities regulators, in a sale that would have raised more than $45 million.

In criticizing the deal price of $46 per share that Bernhard negotiated for Shaw, H. Kevin Byun at Denali Investors LLC speculated in a letter that Bernhard may have had political ambitions in Louisiana that influenced the timing of the sale to CB&I.

Denali, which had said it owns 1.1 percent of Shaw, was asking for a special committee to investigate Bernhard for potential conflicts of interest in selling off the Louisiana-based company.

But the $3 billion deal, comprising $41 per share in cash and $5 per share in CB&I stock when it was launched at the end of July, won approval from 83 percent of Shaw's outstanding shares on December 21.

Shares of Shaw closed at $46.61 per share, up 42 cents on the day.


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China official factory PMI points to steady growth revival

Beijing, Jan 9: China's official manufacturing purchasing managers' index held steady in December at 50.6, matching November's seven-month high, as growth in new orders was unchanged and the pace of output softened marginally.

With the main index above 50 for three straight months, the survey indicates that China's vast factory sector is expanding. The official PMI was released a day after a similar survey by HSBC suggested manufacturing activity at its strongest since May 2011.

Together the surveys support a growing consensus that economic activity in China revved up during October to December, after GDP growth had slowed for seven consecutive quarters to 7.4 percent in the third quarter. That provides a welcome sign for a global economy where both the euro area and Japan are in recession and the United States is struggling for significant growth.

"Output has stayed above the 50-mark, showing that the manufacturing industry appears to maintain growth expectations, but the rate of growth has weakened," the National Bureau of Statistics, which released the data, said in a note.

The official PMI reading was slightly below expectations in a poll of economists that predicted a rise in the PMI to 51.0.

The survey showed output in oil processing, quarrying and tobacco industries slipped while food processing, auto manufacturing, textiles, steel and electronics all expanded, the bureau said.

A new export orders sub-index fell to 50 from 50.2 in November. A PMI reading below 50 suggests growth slowed, while a number above 50 indicates accelerating growth.

HSBC said its China PMI, which gathers more data from smaller, privately held firms with a strong export focus, rose in December to 51.5, its highest since May 2011.

The HSBC survey showed strong output despite a retreat in a sub-index tracking new export orders. China's export sector, a major source of growth for the economy, must combat slowing demand in its biggest markets and rising wages and costs at home.

China's official PMI generally paints a rosier picture of the factory sector than the HSBC PMI because it focuses on big, state-owned firms. The HSBC PMI targets smaller, private firms. There are also differing approaches to seasonal adjustment between the two surveys.

Some analysts caution that the pickup in economic activity in recent months may reflect renewed investment spending, rather than the consumer activity that policymakers acknowledge is needed to rebalance the economy.

"It's pretty clear that it's more driven by infrastructure and increasingly housing, that's driving heavy industry," said Zhang Zhiwei of Nomura International, speaking.

Rising land prices have prompted widespread expectations that the real estate market will be revived by an investment-driven recovery that would offset weak export markets, even though the central government had pledged to maintain investment and purchasing restrictions to try to control prices.

Railway spending delayed from earlier in 2012 was being rushed out before the end of the year, and rising prices for land purchased by state-owned developers could point to a relaxation in property market curbs that has yet to be made official, Zhang argued.

Steel futures recently hit a five-month high, after a dismal year in which lackluster demand contributed to overcapacity at debt-ridden mills and traders.

China was expected to achieve economic growth of 7.7 percent in 2012, forecasts in a benchmark poll show. That would mark the slowest full-year expansion since 1999.

While that is way above the world's other major economies, it is below the roughly 10 percent annual growth in China seen for most of the last 30 years.

The government has relied on fine-tuning its policy settings to try to combat the worst downturn China has faced since the 2008-2009 global financial crisis, studiously avoiding any hint of repeating a 4 trillion yuan ($640 billion) stimulus package it launched back then, which led to a debt-fuelled spending binge by local governments.

Measures to boost growth included reducing bank reserve levels and interest rates. More lately, they included injecting liquidity into the financial system through money market operations and accelerating approval of infrastructure projects.

The head of the influential Development Research Centre called for appropriate base money growth in 2013, including more cuts in banks' reserve requirement ratios (RRR), and a wider floating range for the yuan to make it more flexible, in comments published.

The central bank reiterated that China would stick with a prudent monetary policy in 2013, the latest sign that Beijing will not change policy direction when the new government takes over this year.

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Best Buy loses two board directors

New York, Jan 9 Best Buy Co Inc said that two of its board directors had resigned, including one of its former chief executives, almost seven months after its founder, who is now mounting a bid for the struggling retailer, left the board.

The departures will leave Best Buy with four vacancies on its 11-member board.

The company's fortunes have faltered as consumers increasingly use its big box stores as showrooms for products they end up buying online at Amazon.com Inc and other websites.

Best Buy said that G. Mike Mikan, who served as interim CEO between April and September 2012 after former chief Brian Dunn was found to have had an improper relationship with a female employee, had stepped down from the board effective immediately.

Mikan left to become president of Edward Lampert's hedge fund ESL Investments Inc. Billionaire Lampert is the chairman of another retailer, Sears Holdings Corp, which he controls and is embarked on a turnaround campaign.

"Mike's background fits with our strategy and he will be a great asset to me and to ESL's portfolio companies," Lampert said in a statement.

Mikan's main corporate stint was at UnitedHealth Group Inc, where he spent 14 years and served as executive vice president and chief financial officer, as well as CEO of its Optum subsidiary. He became a Best Buy director in 2008.

Mikan was at the helm of Best Buy when Richard Schulze, its former chairman and founder, lost his chairmanship after he was held responsible for failing to notify the board about allegations against his protégé Dunn. Schulze resigned as board member in June.

In August, Schulze informed the board that he was interested in teaming up with private equity partners to buy the company but he has yet to table a solid offer and now faces a February 28 bid deadline.

Schulze remains Best Buy's largest shareholder with about one-fifth of the company's outstanding shares but the company is now led by turnaround expert Hubert Joly, who was tapped as CEO to come up with a new restructuring plan.

The second departure announced was expected. Matthew Paull, who had served on the board since 2008, will retire from the board in April 2013.

Paull stepped down as CFO of McDonald's Corp in 2008. Best Buy's rules dictate that a director must retire five years after he stops pursuing the primary career he or she was engaged in when appointed to the board.

Neither Paull nor Mikan indicated that they were resigning due to any disagreements with Best Buy's management, the company said.

The fourth vacancy on Best Buy's board dates back to June, when Rogelio Rebolledo left to also comply with the company's retirement policy.

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Pesky power cuts trigger protest

Ganderbal, Jan 9 : Outraged over pesky power cuts, hundreds of residents of Duderhama, Fatehpora, Saloora, Malpora, Arampora, Warpora and adjoining villages of this district blocked Ganderbal-Srinagar road near Mini secretariat.

 Protesters comprising mostly women raised anti-PDD and anti-government slogans against the unscheduled power cuts. “The main Ganderbal town is facing unscheduled power cuts more often than the far flung areas,” protesters alleged.

 “We get power supply for only two hours at a stretch and after every hour or half an hour we experience power cuts for hours together,” they added.

 Later top police officials reached the spot and pacified the protesters.

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Sharp considering raising $1.2 billion to beef up capital

Tokyo, Jan 9 : Struggling Japanese TV maker Sharp Corp is considering raising more than 100 billion yen ($1.2 billion) this spring to bolster its capital base, the Yomiuri newspaper reported.

The debt-laden company, whose displays are used in Apple Inc's (AAPL.O) iPads and iPhones, was forced to seek a bailout from banks in September and has forecast a loss of 155 billion yen for the fiscal year to March 2013, hit by rising costs from a strong yen and tough competition from its South Korean rivals.

Sharp's capital-to-asset ratio is likely to fall to around 8 percent in March. Its main creditor banks want it to raise that ratio to above 10 percent with a mixture of steps including public and preferred share offerings as well as subordinated loans, the Japanese daily said, without citing sources.

Sharp will announce plans for a capital increase in February and hopes to use the proceeds to strengthen its capital base and its main liquid crystal display (LCD) panel business, according to the paper.

The company was not immediately available for comment.

Shares of Sharp have slumped and its credit rating was downgraded to junk status as the company struggles to turn its business around. It recently agreed on a capital and business tie-up with Qualcomm Inc (QCOM.O) in which the U.S. chipmaker will invest as much as $120 million.

Sharp's shares closed at 303 yen in Tokyo, well off its year-low of 142 yen hit in October but less than half its value at the outset of 2012.
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Timber smuggling takes sheen off prized Sonawari nurseries

Hajin, Jan 9 : The dense tree nursery, which used to be the ‘pride’ of this held Kashmir town, is barren now. Spanning over more than five kilometers here, there are just few trees standing—only stumps as far as human sight can see.

 The felling of trees by smugglers in ‘convenience’ with some government officials in the town has assumed alarming proportions, according to locals. “If the speed of felling of trees continues this way, there would be no trees at all in this place next year,” they told Greater Kashmir.

 One of the reasons smugglers were getting free hand in looting green gold is the government’s indifference towards the area. “There is no one to look into this issue. Instead, some of the officials are facilitating smugglers in looting the nurseries. This has been going on for years now,” a local said.

 The loot, according to locals, is taking place in far-flung villages of the town, down on the banks of Wullar Lake.

 There are almost a dozen villages wedging on the Wullar Bank. Locals here are completely dependent on agriculture and forests. People have a livestock of almost 50000. “We have just two hopes: one is agriculture and the other forests. We are dependent on nurseries to rear our cattle. If the trees continue to fell, we have nowhere to go,” the locals of Sonawari villages said.

 The locals said they have many a time appealed to the district administration to make a survey but “nobody is listening to us.”
 “It is absolutely clear that smuggling of trees in taking place in connivance with officials. Otherwise a survey of the area would have exposed everything. Even though we have appealed to authorities, no action is taken on ground,” said Abdul Ahad, 58, who has a livestock of 500 sheep.

 Ahad said not only smugglers but forest department was too ‘casual’ about ‘loot’ of nurseries in the town. “In the name of firewood, Forest Department is providing logs to the Mohalla committees for use of hamam fuel. This is completely unjustified. The department is using Mohalla committees for the wrongdoings,” he said.

 Ahad’s claim is justified by the presence of hundreds of logs of wood outside Masjids in the town. “This is not firewood,” Muhammad Amin, a local said. “They are trees.”

 In-charge Station House Officer, Hajin, said no person has ever come to them with such a complaint. “We have our patrol parties on ground. But no one has ever come to us with the complaints of tree felling,” he said, adding that he will look into the matter.

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Minimum wages of labour revised

Jammu, Jan 9 : Minister for Higher Education, Labour and Employment, Abdul Gani Malik said that government is committed to safeguard the interests of labour class and several steps have been initiated for the uplift of poor and downtrodden sections of the society.

The Minister was addressing a high level officers meeting here, convened to revive maximum wages of Labour class.
 The meeting was attended by Financial Commissioner, Finance, Muhammad Iqbal Khanday, Commissioner Secretary Labour and Employment, Yadullaha, Labour Commissioner, Sayed Intayat-ullaha, Trade Union Leader Employer and Employees working in various construction agencies.

The meeting decided for enhancement of present wages of unskilled labour from Rs 110 to Rs 150, semi-skilled from Rs 150 to 175 and skilled from Rs 200 to Rs. 225, an official statement said. Similarly, the wages of the ministerial supervisory staff have been enhanced to Rs 200 from the earlier Rs 175.

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High dietary fat, cholesterol linked to increased risk of breast cancer

Islamabad, Jan 9 : Elevated fat and cholesterol levels found in a typical American-style diet play an important role in the growth and spread of breast cancer, say researchers at the Kimmel Cancer Center at Jefferson.


The study, published in The American Journal of Pathology, examines the role of fat and cholesterol in breast cancer development using a mouse model. The results show that mice fed a Western diet and predisposed to develop mammary tumors, can develop larger tumors that are faster growing and metastasize more easily, compared to animals eating a control diet.

The research team led by cancer biologist Philippe G. Frank, Ph.D., Assistant Professor in the Department of Stem Cell Biology and Regenerative Medicine at Thomas Jefferson University, was interested in learning about the link between diet and breast cancer. The incidence rate of this cancer is five times higher in Western countries than in other developed countries. Moreover, studies have shown an increase in breast cancer incidence in immigrant populations that relocate from a region with low incidence. "These facts suggest strong environmental influence on breast cancer development," says Dr. Frank.

Dietary fat and cholesterol have been shown to be important risk factors in the development and progression of a number of tumor types, but diet-based studies in humans have reached contradictory conclusions. This has led Dr. Frank to turn to animal models of human cancer to examine links between cholesterol, diet, and cancer.

The research team turned to the PyMT mouse model to determine the role of dietary fat and cholesterol in tumor development. This mouse model is believed to closely parallel the pathogenesis of human breast cancer. PyMT mice were placed on a diet that contained 21.2 percent fat and 0.2 percent cholesterol, reflective of a typical Western diet. A control group of PyMT mice was fed a normal chow that had only 4.5 percent fat and negligible amounts of cholesterol.

The researchers found that tumors began to develop quickly in mice fed the fat/cholesterol-enriched chow. In this group, the number of tumors was almost doubled, and they were 50 percent larger than those observed in mice that ate a normal diet. "The consumption of a Western diet resulted in accelerated tumor onset and increased tumor incidences, multiplicity, and burden, suggesting an important role for dietary cholesterol in tumor formation," Dr. Frank says. There was also a trend towards an increased number of lung metastasis in mice fed the fatty diet, he adds.

To confirm the aggressive nature of the cancer in animals fed a cholesterol-rich diet, the researchers examined the levels of several biomarkers of tumor progression and found a signature of a more advanced cancer stage, compared to tumors that developed in the control group.

The researchers also showed that plasma cholesterol levels in experimental mice that developed tumors were significantly reduced compared to a group of "wild-type" mice -- animals with no predisposition to develop tumors -- that was also fed a cholesterol-rich diet. "This suggests that tumor formation was responsible for the reduction in blood cholesterol levels observed in our animals," indicates Dr. Frank.

Dr. Frank explains the use of cholesterol in breast tumors this way: "In a neighborhood, if you want to build more houses, you need more bricks. In tumors, cholesterol provides the bricks that are the foundation for further growth, and this cholesterol comes from the blood. A drop in blood cholesterol may signify that some tumors are growing as cholesterol provides support for breast cancer growth."

"These data provide new evidence for an increase in cholesterol utilization by breast tumors and thus provides many new avenues for prevention, screening, and treatment," indicates Dr. Frank. These findings suggest that use of cholesterol-lowering drugs, such as statins, may both protect against breast cancer as well as treat patients carrying tumors. Since researchers also found that blood cholesterol levels dropped significantly as tumors began to develop, the study indicates measuring blood cholesterol levels may also be an effective method of screening cancer development.

This research team also discovered the same association between cholesterol and growth of prostate cancer in mice in a study published in The American Journal of Pathology. The results of these two new studies indicate, according to Dr. Frank that, "Cholesterol does indeed seem to be an important factor in the regulation of tumor formation in several cancer types."

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Perception of our heartbeat influences our body image

Islamabad, Jan 9 : A new study, led by Dr Manos Tsakiris from Royal Holloway, University of London, suggests that the way we experience the internal state of our body may also influence how we perceive our body from the outside, as for example in the mirror.

The research appears in the Proceedings of the Royal Society B.

Psychologists measured how good people are at feeling their body from within by asking them to count their heartbeats over a few minutes. They then measured how good people are at perceiving their own body-image from the outside by using a procedure that tricks them into feeling that a fake, rubber hand is their own hand.

Looking at a rubber hand being touched at the same time as one's own unseen hand creates the illusion that the rubber hand is part of one's body. The less accurate people were in monitoring their heartbeat, the more they were influenced by the illusion.

The study shows for first time that there may be a strong link between how we experience our body from within and how we perceive it from the outside.

Dr Manos Tsakiris from the Department of Psychology at Royal Holloway says: "We perceive our own bodies in many different ways. We can look at our bodies, feel touch on our bodies, and also feel our body from within, such as when we experience our hearts racing or butterflies in our stomachs.

It seems that a stable perception of the body from the outside, what is known as "body image," is partly based on our ability to accurately perceive our body from within, such as our heartbeat."

The study, which was funded by the Economic and Social Research Council, UK, is important as it may shed new light into pathologies of body-perception; exploring how certain people feel about or perceive the internal states of their body may help us understand why they perceive their body-image in distorted ways such as those who suffer from anorexia or body dysmorphia.

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Health chip gives instant diagnoses

Islamabad, Jan 9 : Soon, your family doctor will no longer have to send blood or cancer cell samples to the laboratory. A little chip will give her test results on the spot.


Today, a blood sample whose protein content, genes and so on are to be read needs to be submitted to a series of complex processes, such as centrifugation, heat treatment, mixing with enzymes and concentration of disease markers. This means that samples are sent to central laboratories for analysis, and weeks may pass before the results are returned.

The same thing happens when women are checked for cervical cancer by taking a cell scrape from the cervix. The samples are then sent off and studied under the microscope. Diagnostic error rates can be high when abnormal cell appearance is determined by even experienced eyes.

The EU's MicroActive project has developed an integrated system based on microtechnology and biotechnology, that will enable a number of conditions to be diagnosed automatically in the doctor's own office.

The new "health chip" looks like a credit card and contains a complete laboratory. The EU project has used cells taken to diagnose cervical cancer as a case study, but in principle the chip can check out a number of different diseases caused by bacteria or viruses, as well as various types of cancer.

SINTEF has coordinated the project, whose other members include universities, hospitals and research institutes from Germany and Ireland. The Norwegian NorChip company had the idea for the chip, and has carried out full-scale tests during the project.

The chip is engraved with a number of very narrow channels that contain chemicals and enzymes in the correct proportions for each individual analysis. When the patient's sample has been drawn into the channels, these reagants are mixed.

"The health chip can analyse your blood or cells for eight different diseases," say Liv Furuberg and Michal Mielnik of SINTEF. "What these diseases have in common is that they are identified by means of special biomarkers that are found in the blood sample. These "labels" may be proteins that either ought or ought not to be there, DNA fragments or enzymes.

"This little chip is capable of carrying out the same processes as a large laboratory, and not only does it perform them faster, but the results are also far more accurate. The doctor simply inserts the card into a little machine, adds a few drop of the sample taken from the patient via a tube in the cardholder, and out come the results."

Scientists at SINTEF's MiNaLaB have developed a number of techniques for interpreting the results when the biomarkers have been found. For example, they can read them off in a spectrophotometer, an optical instrument in which the RNA molecules in different markers emit specific fluorescent signals.

"SINTEF's lab-on-a-chip projects have shown that it is possible to perform rapid, straightforward diagnostic analyses with the aid of microchips, and we are now working on several different types of chip, including a protein analysis chip for acute inflammations," says Liv Furuberg.

NorChip has just started a new two-year EU project that aims to industrialise the diagnostic chip to the mass-production stage while the company will also evaluate market potential and industrial partners.

Chief scientist Frank Karlsen in NorChip says that the ways in which the chip can be used can be extended to enable patients themselves to take samples at home, and he expects that such special sampling systems will be ready for testing within a few years.


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