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Experts offer good read on Amazon’s latest buy

Written By Unknown on Sabtu, 30 Maret 2013 | 20.25

Experts are hailing Amazon's decision to acquire social reading website Goodreads as a brilliant move that will steer traffic — and sales — to Amazon, which started as an online bookstore and grew to become the world's largest online retailer.

The deal, which was announced Thursday and will be finalized in a few weeks, marks a move to integrate social media with the books found on Amazon's Kindle e-reader.

"Amazon has an incredible recommendations feature, but by tying in who your friends are and what they're buying, all of a sudden you'll see recommendations for those books," said Todd Van Hoosear, owner of Fresh Ground, a Cambridge social-media consulting group.

And the average person is more likely to buy a book that a friend has recommended than one a stranger has, said David Gerzof Richard, a professor of social media marketing at Emerson College.

In addition to reader reviews, other features found on Goodreads' website, including online book clubs and the ability to share passages, may also eventually be available to Kindle users.

Gerzof Richard said he wouldn't be surprised if Amazon expanded into other consumer sharing platforms such as gdgt, which has reviews of electronic goods.

"Amazon knows how powerful experienced-consumer reviews are for converting to sales," he said.


20.25 | 0 komentar | Read More

New look for Lexus GS

After a model year on the sidelines, Lexus has redesigned and reintroduced the 2013 GS350 to the marketplace and its arrival has the Audi A6, BMW 535 and Mercedes E class shuffling over to make room.

Pacific Rim cars have rapidly closed the gap on the Europeans when it comes to combining luxury and inspired performance. A slightly wider footprint, crisper suspension, more responsive steering and powerful engine places this luxury sport solidly right in the mix.

Our all-wheel-drive test model — the base model is a rear-wheel only — is powered by a 3.5-liter V-6 direct injection engine that cranks a robust 306 horsepower. The multi-link rear suspension, gas pressurized shocks and stabilizer bar reduce the pitch and roll, delivering the solid ride that sports enthusiasts desire when pushing a car hard.

The aggressive hourglass styling on the nose sweeps into graceful lines hinting at the fact that the GS350 is a sports sedan at heart, but can smoothly get you to the office or dinner without wrinkling your clothes.

Just settle into the rich leather multi-adjustable sport style driver's seat and instantly notice the updates to the luxurious cabin. Lexus-branded creature comforts abound, starting with a leather-wrapped steering wheel and shift knob, a quiet ride, nifty premium sound system and the new navigation package, which includes an intuitive 12-inch touch screen. Soft touches and craftsmanship show at every turn with a combination of man-made materials and leather trim offset by brushed aluminum and wood grained highlights. The stitching in the dash is faux, but looks natural. The cabin and trunk are spacious yet the sedan retains a nice, sporty feel.

As with all Toyota high-end models, the optional mouse controller allows the driver to manipulate the car systems, but please use the redundant steering wheel controls when driving.

Our tester priced out at $55,407 and was loaded with a vast array of standard features, including backup camera. But to get blind-spot monitoring and rain-sensing wipers, you'll have to invest in a pricey upgrade. I guess they have that in common with their German competitors. I'd like to see Lexus upgrade the audio quality of the tinny hands-free phone in this car.

I really enjoyed driving this car. It's powerful and effortless to maneuver, yet pop it into sport mode and the transmission shift points adjust to create a smart, aggressive ride. I managed to get close to the class average 23 mpg during spirited driving, but squeaked out over 27 running the car on ECO mode on the highway.


20.25 | 0 komentar | Read More

The Ticker

Battery maker gets cute with name

Lithium ion battery maker A123 Systems is changing its corporate name to B456 Systems Inc. to satisfy one of the embattled company's obligations under an asset purchase agreement with Wanxiang America Corp.

Chinese auto parts manufacturer Wanxiang Group acquired all of the company's heavily government-subsidized assets for more than $256 million earlier this year, after the Waltham-based company filed for bankruptcy.

Lexington co. nets major funding

QD Vision, a nanomaterials product company that makes optical components for LCD applications, has closed a $20 million round of financing to expand production capacity and fund long-term company growth. The company said its Color IQ components significantly improve LCD color performance in televisions, monitors and mobile displays.

CVS CEO pay spikes 44 percent

CVS Caremark Corp.'s President and CEO Larry Merlo's pay spiked 44 percent to $20.4 million last year. In a regulatory filing, the company said Merlo's base salary rose slightly, while other benefits saw greater increases. Merlo joined the company in 1990.

Dynasil Corp. risks delisting

Watertown-based Dynasil Corp. of America is no longer in compliance with the NASDAQ stock market after the closing price for its common stock fell below $1 per share for 30 consecutive days.

The company has until Sept. 23 to regain compliance or face delisting.

Hub on Alaska's horizon

Seattle-based airline carrier Alaska Airlines has launched nonstop flights between San Diego and Boston, the sixth new city the carrier has begun serving from the California city in the past year. To celebrate, the airline is offering a $159 one-way fare available now through April 9 for travel from April 30 through June 12.

THE SHUFFLE

  • Acentech Inc. of Cambridge has hired Sarah McGillicuddy, left, as director of marketing and business development. McGillicuddy previously served as director of marketing and was a business development manager at construction management firm Richard White Sons Inc.
  • Cambridge-based Tokai Pharmaceuticals Inc. has promoted Jodie Morrison to the position of chief executive officer. Morrison most recently served as chief operating officer and vice president of clinical affairs for the company.
  • Square 1 Bank of Boston has hired Michael Madden as senior vice president and managing director in the Boston office. Madden was previously a principal at Edison Ventures.

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Cape Cod lifestyle in Quincy

This free-standing single-family is part of a Nantucket-like condo development in Quincy's Marina Bay neighborhood.

The four-bedroom house at 12 Hutchinson Lane is in the 18-acre Chapman's Reach planned community, one of 152 single-families and townhouses built in 1999 and designed to resemble a Cape Cod village. Homes are set close to one another to create an urban feel that encourages walking. Transom windows ensure privacy from neighbors, with full windows facing front and back as well as into an enclosed patio. Parking garages are in alleys behind the houses.

This 3,928-square foot two-story home, one of 48 single families in the complex, has 2,400 square feet of living space on the first floor, including the master bedroom suite and is available for $1,180,000.

The well-designed two-story home, with an exterior of yellow clapboard and gray cedar shingles has a front brick walkway and covered farmer's porch. It opens into a double-height foyer with chair-rail wainscoting and maple floors.

On one side of the foyer through a marble column arch is a formal dining room with bay windows, maple floors and a wrought-iron chandelier. On the other side is a guest bedroom with a connecting marble bathroom.

But the showpiece space of the home lies straight ahead in a 25-foot-high maple-floored living room with five sets of double-tiered windows. The west-facing wall of windows looks out into a bluestone patio. In the center of the room is a gas fireplace with fluted columns and green marble surround.

The adjacent recessed-lit kitchen features ceramic tile floors, 32 maple cabinets with beige Giallo Veneziano granite counters and island with pendant lighting overhead. Stainless-steel General Electric Monogram appliances include a side-by-side refrigerator, a gas stove and a compactor. The owners recently added a Bosch dishwasher.

There's an adjacent breakfast nook with high transom windows on one side and glass doors on the other that open onto the nicely landscaped enclosed outdoor patio.

Behind the kitchen is a laundry room with a full-size washer and dryer and the hallway continues down to double doors that lead into the master bedroom suite.

The carpeted master bedroom has a vaulted ceiling with a clerestory window and glass doors out to the patio. There are two walk-in closets with built-in wardrobes. The en-suite bathroom has a white Botticino marble floor with black marble inlay. There are Corian-topped vanities on either side of the room, and a whirlpool tub and separate walk-in shower, both with white tile walls.

Off the bedroom is a hallway with direct access to a two-car garage and there are three deeded outdoor spaces.

Above the garage is a carpeted game/media room with a Tiffany-style lamp over a billiards table, which is negotiable.

A distinctive winding maple staircase from the foyer leads to two bedrooms and a study on the house's main second floor. The carpeted study overlooks the living room. The two carpeted bedrooms are on either side of a walkway that overlooks the living room and the foyer. There's a laundry closet here, as well as a full bathroom with a Fiberglas shower.

The house has an additional, uncounted 2,400-square-foot unfinished basement, with lots of storage and room for additional living space. It also houses two gas-fired forced hot air heating systems and a two-zone central air-conditioning system.

Broker: Fred Alibrandi of Otis & Ahearn at 617-851-8050


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NKorean propaganda mill serves up soft side of Kim

SEOUL, South Korea — The outside world focuses on the messages of doom and gloom from North Korea: bombastic threats of nuclear war, fantasy videos of U.S. cities in flames, digitally altered photos of leader Kim Jong Un guiding military drills. But back home, North Koreans get a decidedly softer dose of propaganda: Kim portrayed as a young, energetic leader, a people person and family man.

Mixed in with the images showing Kim aboard a speeding boat on a tour of front-line islands, or handing out commemorative rifles to smartly saluting soldiers, are those of Kim and his wife clapping at a dolphin show or linking arms with weeping North Korean children.

The pictures can look odd or obviously staged to outsiders. But they're carefully crafted propaganda meant to give North Koreans an image of a country governed by a leader who is as comfortable overseeing a powerful military as he is mingling with the people.

Analysts say the images also hint at something that often gets lost amid the threatening rhetoric: North Korea's supreme commander isn't an all-powerful, isolated monarch who can govern without considering his people's approval. Kim is still busy building his reputation at home.

"Even dictatorships respond to public opinion and public pressure," said John Delury, a North Korea analyst at Seoul's Yonsei University. "He's expected to pay attention to and make improvements in the common people's standard of living. They've put that promise out in their domestic propaganda."

It's a tall order. Living standards in Pyongyang, the capital, are relatively high, with new shops and restaurants catering to a growing middle class. But U.N. officials' reports detail harsh conditions elsewhere in North Korea: up to 200,000 people estimated to be languishing in political prison camps, and two-thirds of the country's 24 million people facing regular food shortages.

When it comes to North Korean propaganda, much of the world focuses on the series of outlandish videos uploaded to the country's YouTube channel and government website, largely for foreign consumption. In one fantasy, missiles rain down on a burning American city while an instrumental version of "We Are the World" plays in the background. In another, President Barack Obama and U.S. troops burn.

But what most North Koreans see on state TV is a different propaganda message: Kim Jong Un bending down to receive flowers from children, Kim visiting families living in rustic homes on front-line islands, Kim mobbed by gushing female soldiers.

As with any propaganda or PR, the images are carefully staged. And many make foreign news headlines only when experts and photo editors discover that North Korea is digitally altering them. For instance, in a picture distributed recently by state media, troops and hovercraft land on a barren, snow-dappled beach. Experts say some of the multiple hovercraft have been copied and pasted into the image.

But North Korea's propaganda makers aren't concerned about the criticism abroad to their heavy-handed photo editing. "These efforts are aimed more at an unsophisticated domestic peasant audience than those of us who are more discerning," said Ralph Cossa, president of the Pacific Forum CSIS think tank in Hawaii.

The caring domestic persona being built for Kim by his image specialists is aided by his wife, Ri Sol Ju.

She is young and glamorous, a chic and smiling presence at his side in many of the country's propaganda images. The couple is often photographed at amusement parks, nurseries, factory tours and concerts.

"It's a more complex kind of image he has as a leader," Delury said. "The basis of his legitimacy domestically has to do with these other, non-military things."

The propaganda machine in North Korea also worked to build up a caring image for Kim's father, the late Kim Jong Il. He doggedly appeared at tours of factories, farms and military posts. But while Kim Jong Un puts his wife front and center and is a relaxed presence on camera, his father was stiff in photos and secretive about his family life.

North Korea takes pains to select and sometimes alter photos so its leaders appear in the best light possible, said Seo Jeong-nam, a North Korean propaganda expert at Keimyung University in South Korea.

For example, past propaganda specialists were careful not to pick photos that showed the large lump on the back of the neck of Kim's grandfather, North Korean President Kim Il Sung, Seo said. When Kim Jong Il was alive, North Korean photographers tried to make him look taller in photos than he actually was, often positioning him slightly in front of others, Seo said.

As for Kim Jong Un, Seo said North Korea's propaganda mill chooses photos that show off his strong resemblance to his grandfather, who still is depicted on state TV as the loving father of the nation, surrounded by children and adoring citizens.

___

Associated Press writer Sam Kim contributed to this story. Follow Klug at www.twitter.com/APKlug and Kim at www.twitter.com/samkim_ap.


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Investor pulls out of Suffolk Downs casino bid

Written By Unknown on Jumat, 29 Maret 2013 | 20.25

BOSTON — The company with a nearly 20 percent stake in Suffolk Downs has decided to divest that share because its executives are unwilling to submit to background checks required by the state gambling commission as the horse track pursues a casino license.

The commission on Thursday approved a transfer of Vornado Realty Trust's shares to a blind trust over which the company will have no control. That allows the track's casino bid to move forward.

The commission's general counsel says just two of 14 people associated with Vornado have filed the mandatory disclosure forms.

New owners of Vornado's interest in the track will also have to submit to the check.

A Suffolk Downs executive says the development "will have no impact" on the track's pursuit of a casino license.


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Amazon to buy Goodreads for undisclosed sum

NEW YORK — Amazon.com Inc., the world's biggest online retailer that got its start in bookselling, has agreed to buy book recommendations site Goodreads.

Financial terms of the deal were not disclosed. Amazon said Thursday that it "shares a passion for reinventing reading," with Goodreads.

"Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world," said Russ Grandinetti, vice president of Kindle content for Amazon. "In addition, both Amazon and Goodreads have helped thousands of authors reach a wider audience and make a better living at their craft. Together we intend to build many new ways to delight readers and authors alike."

In addition to recommending books to read based on other books people have liked, Goodreads also serves as a social network for bookworms. It has 16 million members and was founded in 2007.

The deal is expected to close in the second quarter. Seattle-based Amazon.com Inc. says Goodreads headquarters will remain in San Francisco.

"Goodreads is a place for all readers no matter what books they read or how they read them, and we expect to keep it that way," said Amazon spokeswoman Kinley Pearsall in a statement, citing Zappos and the movie information website IMDb as examples. Amazon owns both but has kept them as stand-alone businesses.

Shares of Seattle-based Amazon closed up $1.19 at $266.49.


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Fewer furlough days for Maine-NH shipyard workers

KITTERY, Maine — Union officials at the Portsmouth Naval Shipyard say they're still concerned about lost work time following the Defense Department's announcement that furlough days will be reduced from 22 to 14.

Furlough notices will be sent out in early May. The furloughs will start in June and last through September. Employees will be furloughed for one day in each of the last 14 weeks of the 2013 budget year.

Paul O'Connor, president of the Metal Trades Council at the Kittery, Maine, shipyard, said it's still 14 days too many. He tells the Portsmouth Herald (http://bit.ly/1069lWz) submarine maintenance work could fall behind schedule.

Maine and New Hampshire's senators say they are glad to see the reduction in days, but said more work is needed to solve the problem altogether.


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Virtual reality, goggles and all, attempts return

SAN FRANCISCO — It's back.

The virtual reality headset, the gizmo that was supposed to seamlessly transport wearers to three-dimensional virtual worlds, has made a remarkable return at this year's Game Developers Conference, an annual gathering of video game makers in San Francisco.

After drumming up hype over the past year and banking $2.4 million from crowdfunding, the Irvine, Calif.-based company Oculus VR captured the conference's attention this week with the Oculus Rift, its VR headset that's more like a pair of ski goggles than those bulky gaming helmets of the 1990s that usually left users with headaches.

"Developers who start working on VR games now are going to be able to do cool things," said Oculus VR founder Palmer Luckey. "This is the first time when the technology, software, community and rendering power is all really there."

While VR technology has successfully been employed in recent years for military and medical training purposes, it's been too expensive, clunky or just plain bad for most at-home gamers. Oculus VR's headset is armed with stereoscopic 3-D, low-latency head tracking and a 110-degree field of view, and the company expects it to cost just a few hundred bucks.

A line at the conference snaked around the expo floor with attendees waiting for a chance to plop the glasses on their head and play a few minutes of "Hawken," an upcoming first-person shooter that puts players inside levitating war machines.

Attendance was also at capacity for a Thursday talk called "Virtual Reality: The Holy Grail of Gaming" led by Luckey. When he asked the crowd who'd ordered development prototypes of the technology, dozens of hands shot into the air.

"There's been a lot of promise over several decades with the VR helmet idea, but I think a lot of us feel like Oculus and other devices like it are starting to get it right," said Simon Carless, executive vice president at UBM Tech Game Network, which organizes the Game Developers Conference. "We may have a competitive and interesting-to-use device, which you could strap to your head and have really immersive gaming as a result."

Sony and Microsoft are reportedly working on similar peripherals, as are other companies. Luckey contends that the innovations Nintendo made with its Wii U, Sony is planning with its upcoming PlayStation 4 and Microsoft is likely tinkering with for its successor to the Xbox 360 don't seem like enough.

"We're seeing better graphics and social networks, but those aren't things that are going to fundamentally change the kind of experiences that gamers can have," said Luckey.

A growing list of high-profile game makers have sung the device's praises, including Atari founder Nolan Bushnell, "Minecraft" mastermind Markus Peterson, id Software's John Carmack, "Gears of War" chief Cliff Bleszinski and Valve boss Gabe Newell.

Valve is planning to release a VR version of its first-person shooter "Team Fortress 2" for the Rift, but Luckey is hoping that designers in attendance at this week's conference begin creating games especially for the doodad.

"The doors are already open," noted Luckey. "People are already telling us things they want to do with the Rift that they can't do with traditional games."

Luckey said prototype versions of the technology are being distributed to developers now, and he anticipates releasing a version for consumers by next year.

___

Online:

http://www.oculusvr.com

___

Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang.


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US consumer spending, income jump in February

WASHINGTON — Consumers earned more and spent more in February, helped by a stronger job market that has offset some of the drag from higher taxes.

The Commerce Department said Friday that consumer spending rose 0.7 percent in February from January. It was the biggest gain in five months and followed a revised 0.4 percent rise in January, which was double the initial estimate.

Americans were able to spend more because their income rose 1.1 percent last month. That followed January's 3.7 percent plunge and December's 2.6 percent surge. The huge swings reflected a rush to pay bonuses and dividends in December before taxes increased.

After-tax income increased 1.1 percent last month.

The jump in income allowed consumers to put a little more away in February. The saving rate increased to 2.6 percent of after-tax income, up from 2.2 percent in January.

Consumers spent more at the start of the year even after paying higher taxes. An increase in Social Security taxes has reduced take-home pay for nearly all Americans receiving a paycheck. And income taxes have risen on the highest earners. The tax increases both took effect on Jan. 1.

The jump in spending and income suggests economic growth strengthened at the start of the year after nearly stalling at the end of last year. Consumer spending accounts for 70 percent of economic activity.

Most economists predict the economy is growing at an annual rate of roughly 2.5 percent in the January-March quarter. That would be a vast improvement from the 0.4 percent growth rate in the October-December quarter, which was held back by slower company stockpiling and the sharpest defense cuts in 40 years.

Inflation, as measured by a gauge tied to consumer spending, increased 1.3 percent in February compared with a year ago. That's well below the Federal Reserve's 2 percent target, giving the central bank room to keep stimulating the economy without having to worry about price pressures.

One reason the tax increases haven't slowed the economy is companies have accelerated hiring and are slowly but steadily increasing wages.

Employers have added an average of 200,000 jobs a month since November. That helped lowered the unemployment rate in February to a four-year low of 7.7 percent. Economists expect similar strong job gains in March.

Most other signs point to an economy that is gaining momentum. Businesses are investing more in equipment and machinery, which has given factories a lift after a disappointing 2012.

And the housing recovery appears to be strengthening. In February, sales of previously occupied homes rose to the highest level in more than three years. The gains have helped lift home prices, which have made Americans feel wealthier.

Stock prices have also surged. On Thursday, the Standard & Poor's 500 index closed at a record high of 1,569. That surpassed the previous record of 1,565 set in October 2007, a year before the peak of the financial crisis.

Markets are closed Friday for the Good Friday holiday.


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Groundbreaking set at former Herald site

Written By Unknown on Kamis, 28 Maret 2013 | 20.25

The Boston Herald's former longtime South End headquarters will be feted next month before crews start demolition for its next life as the "Ink Block," a 471-unit apartment complex anchored by a Whole Foods supermarket.

Newton-based National Development's plans for the April 11 groundbreaking ceremony will include a strong Herald presence.

Mayor Thomas M. Menino will remove a symbolic brick from the building for preservation, and Herald columnist Joe Fitzgerald will share memories of the paper's home base of 54 years before it moved to a more modern newsroom and offices in the Seaport District last year.

Herald publisher and owner Patrick J. Purcell sold the former 6.6-acre Herald site to National Development in 2007 for undisclosed terms. He retained a minority stake in the $200 million redevelopment, which also will include stores and restaurants and link the South End with Chinatown and the rest of the city.

"We're going to start taking the building down," said Ted Tye, managing partner of National Development. "We've been in predemolition now for several months, taking things out of the building."

In 2011, the Herald signed a 10-year lease for its new headquarters on Fargo Street, where it occupies two floors in the rapidly growing South Boston waterfront area.

Purcell said he's excited about the new quarters and how the newspaper has been evolving with both its print and online editions, and through video.

"And I'm really excited about what the development of the former Herald building will mean for the South End community," 
he said.


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Casino rivals show off their grand designs

Developers behind two dueling, billion-dollar resort casino bids — one promising to save thoroughbred horse racing at Suffolk Downs and the other vowing to clean up a polluted waterfront in Everett — tried to steal each other's thunder yesterday by each unveiling designs of their gaming complexes.

Standing behind a newly created portable scale model of the proposed Caesars resort at his 78-year-old racetrack, Suffolk Downs chief Chip Tuttle said he plans to "take this model on the road" after a series of "open houses" aimed to disarm opponents in neighboring East Boston and Revere.

"We are working very hard to earn this license and to earn local support," said Tuttle, who last summer released renderings of the planned resort that features two hotels, a refurbished racetrack grandstand with a gaming parlor, 10 restaurants and a 25,000-square-foot convention and entertainment hall.

A few hours earlier, with Frank Sinatra crooning "Luck be a Lady" in an Everett armory gussied up with white curtains and stage lighting, Wynn Resorts gave dozens of local officials and residents their first peek at a planned 19-story Vegas-styled glass hotel tower with a sprawling promenade of shops and restaurants.

"The idea here is introducing a magnificent development right at the heart of Everett," said Gamal Aziz, president and chief operating officer of Wynn Resorts, noting the award-winning casino operator plans to use water taxis to ferry patrons to and from Logan International Airport and downtown Boston.

Caesars, Wynn and a third developer, David Nunes, who has partnered with Foxwoods and hopes to build a resort casino off Interstate 495 in Milford, are competing for a single casino license to be issued for Eastern Massachusetts by the state Gaming Commission.

Aziz said the 2.7-million-square-foot Wynn Everett resort would recruit Beantown boutiques to rent space in its mall instead of its usual lineup of high-end shops.

"When we have international visitors and tourists from around the world, I think they will be a lot more interested in seeing something that is part of the fabric of Massachusetts than me bringing in Louis Vuitton or Cartier," he said.

The hotel will have 550 suites, ranging in size from 700 to 2,800 square feet. Construction will be done in one phase and employ 4,000 workers. Once completed, the resort will create another 4,000 permanent jobs.

One of Wynn's biggest selling points is the creation of a "river walk" on the Mystic that would connect to other waterfront paths near the Gateway Mall and downtown Everett.

"This development would really give us the opportunity to give the river walk back to the people of Everett," Aziz said, noting the company is "fully committed" to the costly cleanup of the former Monsanto chemical plant site.

Everett Mayor Carlo DeMaria Jr. said residents for the first time in generations will be able to launch canoes along their waterfront. "I think we have a little more support here in Everett than they do in other cities," he added.


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'Journey' sweeps Game Developers Choice Awards

SAN FRANCISCO — "Journey" arrived on top at the Game Developers Choice Awards.

The artsy video game developed by thatgamecompany swept the 13th annual ceremony Wednesday with six wins, including game of the year and the innovation award. "Journey" was also honored for best audio, game design, visual arts and as best downloadable game.

"I really think the success of 'Journey' is because we're standing on the shoulder of the giants," said "Journey" designer and thatgamecompany co-founder Jenova Chen.

The wordless but emotional downloadable PlayStation 3 game casts players as a mysterious scarfed figure that must trek across a desert, through temples and toward a towering mountain. Other players appear online in the game, but they aren't able to communicate with words or sound.

"If you've played the game, you can imagine how difficult it was for the team to go through it," said Chen. "Particularly at the mountain, right before the end. It was very, very stressful. I actually had to go see a psychiatrist."

Selected by a jury of game creators, the Game Developers Choice Awards honor the best games of the past year.

Other winners at the Moscone Convention Center ceremony included Ubisoft's island shoot-'em-up "Far Cry 3" for best technology, Telltale Games' interactive zombie drama "The Walking Dead" for best narrative, Fireproof Studios' puzzler "The Room" for best handheld/mobile game. Arkane Studios' stealthy revenge tale "Dishonored" won the inaugural audience award, which was chosen by online votes.

Ray Muzyka and Greg Zeschuk, masterminds of such seminal role-playing games as "Baldur's Gate," ''Knights of the Old Republic" and "Mass Effect," were honored with the lifetime achievement award.

"Spacewar!" developer Steve "Slug" Russell received the pioneer award for his contribution to video games. Russell's "Spacewar!" was created in 1962 and is considered to be among the first digital computer games.

Chris Melissinos, creator of the Smithsonian American Art Museum's "The Art of Video Games" exhibit, was presented with the ambassador award, which recognizes individuals who have helped advanced the gaming industry.

"Thank you to all the game creators who have provided me with a lifetime of inspiration," Melissinos said while accepting his trophy. "You've had a much larger impact on the world than you may believe."

___

Online:

http://www.gamechoiceawards.com

___

Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang/ .


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Sporting News partners with digital video provider

CHARLOTTE, N.C. — Sporting News will add online highlight clips as part of a new business deal.

Parent company American City Business Journals and digital video provider Perform will work together on Sporting News Media in the United States and Canada. The venture will combine the two organizations' management, sales, content, technology, editorial and media assets.

Perform owns ePlayer, which streams highlights and news from the NFL, NBA, Major League Baseball, NHL, colleges and other sports.

American City Business Journals CEO Whitney Shaw says "we are combining the heritage and editorial excellence of one of the U.S.'s oldest sports media brands with a forward-looking, digitally focused organization."

The joint venture will be owned 65 percent by Perform and 35 percent by ACBJ.


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US economy expands at 0.4 percent rate

WASHINGTON — The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accelerated in early 2013 despite higher taxes and cuts in government spending.

The economy grew at an annual rate of 0.4 percent in the October-December quarter, the Commerce Department said Thursday. That was slightly better than the previous estimate of 0.1 percent growth. The revision reflected stronger business investment and export sales.

Analysts think the economy is growing at a rate of around 2.5 percent in the current January-March quarter, which ends this week.

Steady hiring has kept consumers spending this year. And a rebound in company stockpiling, further gains in housing and more business spending also likely drove faster growth in the first quarter.

The 0.4 percent growth rate for the gross domestic product, the economy's total output of goods and services, was the weakest quarterly performance in almost two years and followed a much faster 3.1 percent increase in the third quarter. The fourth quarter was hurt by the sharpest fall in defense spending in 40 years.

For all of 2012, the economy grew 2.2 percent after a 1.8 percent increase in 2011 and a 2.4 percent advance in 2010. Since the recession ended in mid-2009, the economy has been expanding at sub-par rates as a string of problems from higher gas prices to Europe's debt crisis have acted as a drag on the U.S. economy.

Growth appears to be strengthening this year even after taxes increased on Jan. 1 and automatic government spending cuts totaling $85 billion started to take effect on March 1. The Congressional Budget Office has estimated that the combination of tax increases and spending cuts could trim economic growth this year by about 1.5 percentage points. The CBO is predicting just 1.5 percent growth for 2013.

But so far, the economy is showing signs of holding its own against the fiscal drag.

Employers have added an average of 200,000 jobs a month since November. That helped lower the unemployment rate in February to 7.7 percent, a four-year low.

Economists expect similar job gains in March, in part because a measure of unemployment benefit applications fell this month to a five-year low.

Sales of previously occupied homes rose in February to the highest level in nearly three years, while builders broke ground on more houses and apartments. Annual home prices jumped in January by the most since June 2006, according to a closely watched measure.

Stock prices have surged. On Wednesday, the Standard & Poor's 500 index was within two points of its all-time high.

All of that is making consumers feel wealthier, which could lead to more spending. Consumer spending drives 70 percent of economic activity.

The Federal Reserve still thinks the economy needs aggressive measures to bolster growth. Last week it stood by its plan to keep a key short-term interest rate near zero until unemployment drops below 6.5 percent. The Fed also left unchanged its plan to keep buying $85 billion in bonds until it sees a substantial improvement in the job market.

The slowdown in business inventories trimmed 1.5 percentage point from growth in the fourth quarter and the reductions in defense spending cut another 1.3 percentage point from growth.

Consumer spending was growing at a 1.8 percent rate in the fourth quarter, slightly better than the 1.6 percent increase in the third quarter but down from last month's estimate that consumer spending was growing by 2.1 percent.

That revision was offset by upward revisions in business investment spending on structures and equipment and by stronger sales of U.S. exports.

The government first estimated two months ago that the economy had contracted at an annual rate of 0.1 percent in the fourth quarter, a decline that was erased by the revisions.

The government will release its first look at first quarter growth on April 26.


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Google picks 8,000 winners of 'Glass' contest

Written By Unknown on Rabu, 27 Maret 2013 | 20.25

SAN FRANCISCO — Google has picked out 8,000 people who will be given a chance to don a pair of Internet-connected glasses and make a fashion statement likely to be envied by gadget-loving geeks around the world.

The pool selected by Google won a contest conducted last month requiring U.S. residents to submit 50-word applications through Twitter or Google's Plus to explain how they would use a technology that is being hailed as the next breakthrough in mobile computing.

After sifting through a litany of ideas submitted with the hash tag "ifihadglass," Google Inc. began notifying the winners Tuesday.

Prevailing in this contest might not seem like much of a victory if you aren't a technology fan. The winners will have to pay $1,500 apiece if they want a test version of the product, which is called "Google Glass." They also will have to travel to New York, Los Angeles or the San Francisco Bay area to pick up the device, which isn't expected to be available on the mass market until late this year or early next year.

But getting a chance to be among the first to experience Google Glass is being treated like a hallowed privilege among the tech set. Some contestants even likened it to winning one of the five golden tickets that entitled children to a lifetime supply of candy and a visit at Willy Wonka's chocolate factory in the popular movie based on a book by Roald Dahl.

The excitement stems from the belief that Google Glass is at the forefront of a new wave of technology known as "wearable computing." Google, Apple Inc. and several other companies also are working on Internet-connected wristwatches, according to published reports that have cited anonymous people familiar with the projects.

Google Glass is supposed to perform many of the same tasks as smartphones, except the spectacles respond to voice commands instead of fingers touching a display screen. The glasses are equipped with a hidden camera and tiny display screen attached to a rim above the right eye.

The engineers who have been building Google Glass tout the technology as a way to keep people connected to their email, online social networks and other crucial information without having to frequently gaze down at the small screen on a smartphone. The hidden camera is designed to make it easy for people to take hands-free photos or video of whatever they are doing, whether it be bicycling, running, skiing, skydiving or just playing with friends and family.

Some of the winning entrants identified Tuesday by Google caught the company's attention by promising to put the camera to good use.

One contest winner promised to take Google Glass to Veteran Administration hospitals so soldiers who fought in World War II can see their memorials before they die. Another plans to wear Google Glass during a trip to Japan so she can take video and pictures that she can share with her grandmother, who now lives in the U.S. but would like to see her native country again. A zookeeper plans to use Google Glass to show what it's like to feed penguins, and another contest winner wants to use the technology to provide maps that will help firefighters in emergencies.

Privacy watchdogs, though, are already worried that Google Glass will make it even more difficult for people to know when they are on camera.

Google said the test, or "Explorer," version of Glass will help its engineers get a better understanding of how the technology might be used and make any necessary adjustments before the device hits the mass market.

The company, which is based in Mountain View, Calif., also sold an unspecified number of "Explorer" models to computer programmers last year. The finished product is expected to cost from $700 to $1,500.


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Study: Health law to raise claims cost 32 percent

WASHINGTON — A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture — and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

"Claims cost is the most important driver of health care premiums," said Kristi Bohn, an actuary who worked on the study. Spending on sicker people and other high-cost groups will overwhelm an influx of younger, healthier people into the program, said the report.

The Obama administration challenged the design of the study, saying it focused only on one piece of the puzzle and ignored cost relief strategies in the law, such as tax credits to help people afford premiums and special payments to insurers who attract an outsize share of the sick.

The study also doesn't take into account the potential price-cutting effect of competition in new state insurance markets that will go live Oct. 1, administration officials said.

At a White House briefing Tuesday, Health and Human Services Secretary Kathleen Sebelius said some of what passes for health insurance today is so skimpy it can't be compared to the comprehensive coverage available under the law. "Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus," she said. "They're really mortgage protection, not health insurance."

Sebelius said the picture on premiums won't start coming into focus until insurers submit their bids. Those results may not be publicly known until late summer.

Another striking finding of the report was a wide disparity in cost impact among the states.

While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

Part of the reason for the wide disparities is that states have different populations and insurance rules. In the relatively small number of states where insurers were already restricted from charging higher rates to older, sicker people, the cost impact is less.

The report did not make similar estimates for employer plans that most workers and families rely on. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."

"Having said that," Foster added, "actuaries tend to be financially conservative, so the various assumptions might be more inclined to consider what might go wrong than to anticipate that everything will work beautifully." Actuaries use statistics and economic theory to make long-range cost projections for insurance and pension programs sponsored by businesses and government. The society is headquartered near Chicago.

Bohn, the actuary who worked on the study, acknowledged it did not attempt to estimate the effect of subsidies, insurer competition and other factors that could offset cost increases. She said the goal was to look at the underlying cost of medical care.

"We don't see ourselves as a political organization," Bohn added. "We are trying to figure out what the situation at hand is."

On the plus side, the report found the law will cover more than 32 million currently uninsured Americans when fully phased in. And some states — including New York and Massachusetts — will see double-digit declines in costs for claims in the individual market.

Uncertainty over costs has been a major issue since the law passed three years ago, and remains so just months before a big push to cover the uninsured gets rolling Oct. 1. Middle-class households will be able to purchase subsidized private insurance in new marketplaces, while low-income people will be steered to Medicaid and other safety net programs. States are free to accept or reject a Medicaid expansion also offered under the law.

___

AP White House Correspondent Julie Pace contributed to this report.


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Cyprus uncertainty keeps markets in check

LONDON — Sentiment in the world's markets remained fragile Wednesday as investors awaited the details of the capital controls Cyprus is expected to introduce when its banks reopen.

The country's banks, which have been closed for the best part of two weeks, are due to start doing business again on Thursday following an international bailout agreement that's caused jitters around the world — but particularly in Europe — over the safety of deposits. Under the terms of the bailout, Cyprus is closing its second-largest bank Laiki and raiding big deposits in it, as well as in Bank of Cyprus.

"Markets are eagerly waiting to read the Cypriot government's capital control measures," said Alastair McCaig, market analyst at IG. "As capital control measures are still in place for Icelandic depositors following their banking collapse five years ago, it does call into question the Cypriot government's insistence that these will only be 'temporary'."

In Europe, the FTSE 100 index of leading British shares was down 0.5 percent at 6,366 while Germany's DAX fell 0.8 percent. The CAC-40 in France was 1.4 percent lower at 3,698.

The euro also remained under pressure trading 0.5 percent lower at $1.2793. The currency has been on the slide since a top European official said the Cyprus bailout may be a model for the future. Though others have since sought to dismiss that idea, the thought has now been embedded into investors' minds.

"Despite the efforts of various eurozone politicians to reassure depositors that Cyprus's banking bail-in will not be used as a template, they will find it difficult to re-seal the can of worms," said Jane Foley, senior currency strategist at Rabobank International.

Wall Street was poised for a retreat at the open, with both Dow futures and the broader S&P 500 futures 0.4 percent lower.

Earlier, Asian stocks fared better as they rose in the slipstream of Tuesday's advance in U.S. stock markets, which saw the S&P 500 edge up towards an all-time high and the Dow rise to a new record.

"It would seem that at least on Wall Street the bears are still in hibernation mode," said Fawad Razaqzada, market strategist at GFT Markets.

Japan's Nikkei rose 0.2 percent to 12,493.79 while Hong Kong's benchmark Hang Seng index rose 0.6 percent to close at 22,464.82. In mainland China, the Shanghai Composite Index advanced 0.2 percent to 2,301.26 while the smaller Shenzhen Composite rose 0.3 percent to 955.24.

Oil prices tracked equities and were falling as European stocks dipped — benchmark crude for May delivery fell 60 cents to $95.74 a barrel.


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US futures down as jitters about Europe continue

NEW YORK — Concern about Cyprus and other nations in the Eurozone is weighing down U.S. stock market futures.

Cyprus is formulating details for reopening its banks after a nearly two-week shutdown, following an international bailout agreement that calls for large deposits to be taxed heavily to help pay for the rescue.

Dow Jones industrial average futures are sliding 69 points to 14,409. Nasdaq 100 futures are down 13 to 2,786.80. S&P 500 futures are off 7.75 to 1,549.50.

Investors are waiting for data on pending U.S. home sales for February, set for release at 10 a.m. Eastern.

In Europe, major indexes fell amid worries that the "bail-in" that taps deposits in Cyprus could be considered a model should other countries falter. Asian stocks rose, following Tuesday's rally in U.S. markets.


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Study: Health law to raise claims cost 32 percent

WASHINGTON — A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture — and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

"Claims cost is the most important driver of health care premiums," said Kristi Bohn, an actuary who worked on the study. Spending on sicker people and other high-cost groups will overwhelm an influx of younger, healthier people into the program, said the report.

The Obama administration challenged the design of the study, saying it focused only on one piece of the puzzle and ignored cost relief strategies in the law, such as tax credits to help people afford premiums and special payments to insurers who attract an outsize share of the sick.

The study also doesn't take into account the potential price-cutting effect of competition in new state insurance markets that will go live Oct. 1, administration officials said.

At a White House briefing Tuesday, Health and Human Services Secretary Kathleen Sebelius said some of what passes for health insurance today is so skimpy it can't be compared to the comprehensive coverage available under the law. "Some of these folks have very high catastrophic plans that don't pay for anything unless you get hit by a bus," she said. "They're really mortgage protection, not health insurance."

Sebelius said the picture on premiums won't start coming into focus until insurers submit their bids. Those results may not be publicly known until late summer.

Another striking finding of the report was a wide disparity in cost impact among the states.

While some states will see medical claims costs per person decline, the report concluded that the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The differences are big. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

Part of the reason for the wide disparities is that states have different populations and insurance rules. In the relatively small number of states where insurers were already restricted from charging higher rates to older, sicker people, the cost impact is less.

The report did not make similar estimates for employer plans that most workers and families rely on. That's because the primary impact of Obama's law is on people who don't have coverage through their jobs.

A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."

"Having said that," Foster added, "actuaries tend to be financially conservative, so the various assumptions might be more inclined to consider what might go wrong than to anticipate that everything will work beautifully." Actuaries use statistics and economic theory to make long-range cost projections for insurance and pension programs sponsored by businesses and government. The society is headquartered near Chicago.

Bohn, the actuary who worked on the study, acknowledged it did not attempt to estimate the effect of subsidies, insurer competition and other factors that could offset cost increases. She said the goal was to look at the underlying cost of medical care.

"We don't see ourselves as a political organization," Bohn added. "We are trying to figure out what the situation at hand is."

On the plus side, the report found the law will cover more than 32 million currently uninsured Americans when fully phased in. And some states — including New York and Massachusetts — will see double-digit declines in costs for claims in the individual market.

Uncertainty over costs has been a major issue since the law passed three years ago, and remains so just months before a big push to cover the uninsured gets rolling Oct. 1. Middle-class households will be able to purchase subsidized private insurance in new marketplaces, while low-income people will be steered to Medicaid and other safety net programs. States are free to accept or reject a Medicaid expansion also offered under the law.

___

AP White House Correspondent Julie Pace contributed to this report.

___

Online:

Society of Actuaries: http://www.soa.org/NewlyInsured/


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US home prices rise 8.1 pct., most since mid-2006

Written By Unknown on Selasa, 26 Maret 2013 | 20.25

WASHINGTON — U.S. home prices rose in January at the fastest pace since the summer of 2006, just before the housing bubble burst. The gain shows the housing recovery is strengthening ahead of the spring buying season.

The Standard & Poor's/Case-Shiller 20-city home price index climbed 8.1 percent in the 12 months ending in January That's up from a 6.8 annual gain in December. Prices rose in all 20 cities, led by a 23 percent gain in Phoenix.

Prices rose in 11 of 20 cities on a month-over-month basis. Those numbers are not seasonally adjusted and reflect the slower winter buying period.


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Drop in Mass. home sales is first in 13 months

Single-family home sales in Massachusetts dropped last month, reversing 13 straight months of rising sales volume, but experts still expect a strong spring market.

A total of 2,246 homes sold statewide in February, a 5 percent decrease from 2,366 sales in February 2012. It's the first month since December 2011 that home sales have decreased.

"Two factors caused this modest drop in February: low inventory and a comparison with a strong previous year of sales," said Timothy M. Warren Jr., CEO of industry tracker The Warren Group. "Even so, I'm still hopeful for a strong spring market. As more sellers list their homes in the spring, activity will pick back up."

So far this year, single-family home sales are up almost 1 percent from a year ago. Statewide, a total of 4,833 transactions were completed in the first two months, up from 4,802 during the same period in 2012.

The median price for a single-family home rose more than 12 percent last month to $275,000 from $245,500 in February 2012. The year-to-date median home price is also up about 12 percent -- rising to $279,000 from $250,750 last year.

"With such low inventory, we're seeing bidding wars -- homes selling above the asking price," Warren said. "As prices rise, more sellers will begin to list their property which in turn pumps up sales volume."

February condo sales posted a modest increase last month. There were 925 condo sales in February, up almost 1.4 percent from 912 sales during the same month last year. Year-to-date condo sales also rose almost 5 percent to 1,901 from 1,817 last year.

The median price for condos sold statewide in February increased more than 6 percent to $245,000, up from $230,525 during the same month last year.

The median selling price for condos sold in January and February was $242,000, a near 1 percent increase from the $240,000 median price recorded a year ago.


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Panel: Minority businesses suffer from 'lack of capital'

Lack of capital remains one of the major challenges facing minority-owned businesses in Boston, according to members of a forum held Monday night at Darryl's Corner Bar and Kitchen on Columbus Avenue."In many cases, an assignment doesn't pay for three months," said Darryl Settles, owner of the restaurant and an advocate for minority-owned businesses in Boston. "In those 12 weeks, you still have to pay your employees, so you run through your line of credit, you run through your savings, and then you're done."

He said the number of minority-owned businesses has been on decline for some time, and improving access to capital is a significant way to help improve those numbers. "That applies whether you're white, black, blue or green," he added.

Mukiya Baker-Gomez, a compliance manager for the state's Division of Capital Asset Management, said it's also about connecting minority entrepreneurs with the information and resources they need. "It doesn't have to be a mystery," she said.

Panelists called upon more minority business owners to hire minorities, whom they said are still struggling to recover from the Great Recession that began in late 2007.

Settles pointed to statistics that indicate that black families lost 27 percent of their wealth and Latino families lost 41 percent during the recession, while white families lost about 6 percent. He said more minority-owned businesses can help families rebuild that wealth.


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Supervalu eliminating about 1,100 positions

NEW YORK — Supervalu is eliminating about 1,100 positions nationwide, or about 3 percent of its workforce, less than a week after the supermarket operator completed the sale of five of its grocery chains.

The company said Tuesday that the reductions will include current jobs and open positions that won't be filled. The job eliminations will occur at nearly all company offices and across most departments.

Store level employees and the Save-A-Lot chain are generally not affected by the reductions, with more emphasis on corporate and store support center offices.

Supervalu has about 3,470 stores in the U.S. and approximately 35,000 employees.

Its stock rose slightly in premarket trading.

On Thursday the chain closed on the sale of Albertson's, Jewel-Osco, Acme, Shaw's and Star Market to an investor group led by Cerberus Capital Management.


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US market futures up on mixed durable goods report

NEW YORK — U.S. stock market futures held onto their gains Tuesday after a report on February orders for machinery and other long-lasting items showed a sharp increase, reflecting a rebound in the commercial aircraft industry.

The Commerce Department reported a 5.7 percent surge in overall orders durable goods, the biggest increase in five months.

But orders for core capital goods, which signal business investment plans, fell for February by the largest amount in seven months. The decline followed a strong month in January, and it is unclear if the drop reflects a temporary setback.

Stock market futures held on to earlier gains following the data. Dow Jones industrial average futures added 27 points to 14,413. Nasdaq 100 futures added 6 points to 2,790.5. S&P 500 futures gained 3 to 1,550.

European markets were also up modestly, as investors gain confidence in the bailout arranged for Cyprus, even as the island nation decided to keep its banks closed for another two days in an attempt to ward off a run. The Markets were rocked on Monday after comments from a European Union leader suggested that the bailout provided a template for the future, sparking fears that bank deposits could be tapped if other countries economies falter.

Britain's FTSE 100 index added 0.9 percent to 6380.81. Germany's DAX added 0.17 percent to 7884.16 and the CAC-40 in France gained 0.56 percent to 3747.03.

Asian markets were mixed, with Japan's Nikkei index falling 0.6 percent while Hong Kong's Hang Seng and South Korea's Kospi both gained 0.3 percent. Mainland China stocks fell in response to government moves to cool off the real estate sector. The Shanghai Composite Index lost 1.2 percent while the smaller Shenzhen Composite Index lost 0.7 percent.


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Sandusky interview to air on NBC's 'Today' show

Written By Unknown on Senin, 25 Maret 2013 | 20.25

STATE COLLEGE, Pa. — An interview with Jerry Sandusky is expected to be aired on NBC's "Today" show, a rare instance of the former Penn State assistant football coach giving his own side of the story.

The network said the Monday morning broadcast will include Sandusky's remarks about his former boss Joe Paterno, who died two months after being fired following Sandusky's arrest in 2011.

Sandusky's lawyer Norris Gelman says the interview excerpts are from John Ziegler, a documentary filmmaker working on a defense of Paterno.

In a statement Sunday, Paterno family attorney Wick Sollers says Sandusky had the opportunity to speak under oath during his trial but he "chose not to do so."

Sandusky is serving a 30- to 60-year sentence after being convicted of child sexual abuse. He maintains his innocence and is pursuing appeals.


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NYC art museum accused of duping visitors on fees

NEW YORK — Before visitors to the Metropolitan Museum of Art can stroll past the Picassos, Renoirs, Rembrandts and other priceless works, they must first deal with the ticket line, the posted $25 adult admission and the meaning of the word in smaller type just beneath it: "recommended."

Many people, especially foreign tourists, either don't see it, don't understand it or don't question it. If they ask, they are told the fee is merely a suggested donation: You can pay what you wish but you must pay something.

Some who choose to pay less than the full price pull out a $10 or $5 bill. Some fork over a buck or loose change. Those who balk at paying anything at all are told they won't be allowed in unless they pay something, even a penny.

"I just asked for one adult general admissions and he just said, '$25,'" says Richard Johns, a high school math teacher from Little Rock, Ark., who paid the full price at the museum this past week. "It should be made clear that it is a donation you are required to make. Especially for foreign tourists who don't understand. Most people don't know it."

Confusion over what's required to enter one of the world's great museums, which draws more than 6 million visitors a year, is at the heart of a class-action lawsuit this month accusing the Met of scheming to defraud the public into believing the fees are required.

The lawsuit contends that the museum uses misleading marketing and training of cashiers to violate an 1893 New York state law that mandates the public should be admitted for free at least five days and two evenings per week. In exchange, the museum gets annual grants from the city and free rent for its building and land along pricey Fifth Avenue in Central Park.

Met spokesman Harold Holzer denied any deception and said a policy of requiring visitors to pay at least something has been in place for more than four decades. "We are confident that the courts will see through this insupportable nuisance lawsuit."

The suit seeks compensation for museum members and visitors who paid by credit card over the past few years.

"The museum was designed to be open to everyone, without regard to their financial circumstances," said Arnold Weiss, one of two attorneys who filed the lawsuit on behalf of three museum-goers, a New Yorker and two tourists from the Czech Republic. "But instead, the museum has been converted into an elite tourist attraction."

Among the allegations are that third-party websites do not mention the recommended fee, and that the museum sells memberships that carry the benefit of free admission, even though the public is already entitled to free admission.

Lined up to testify is a former museum supervisor who oversaw and trained the Met's admissions cashiers from 2007 to 2011. Michael Hiller, the other attorney representing the plaintiffs, said the supervisor trained cashiers to encourage visitors to pay the full freight by saying things like "you must realize it is very expensive to run the museum." He will also say that in 2010-2011 the term on the sign was changed from "suggested" to "recommended" because administrators believed it was a stronger word that would encourage people to pay more.

The Met's Holzer denied the former employee's allegations. He also said the basis for the lawsuit — that admission is intended to be free — is wrong because the state law the plaintiffs cited has been superseded many times and the city approved pay-what-you-wish admissions in 1970.

"The idea that the museum is free to everyone who doesn't wish to pay has not been in force for nearly 40 years," Holzer said, adding, "Yes, you do have to pay something."

As to the wording change on the sign, he said the museum "actually thought at the time, and still thinks, that 'recommended' is softer than 'suggested,' so the former employee is quite wrong here."

New York City's Department of Cultural Affairs agreed to the museum's request in 1970 for a general admission as long as the amount was left up to individuals and that the signage reflected that. Similar arrangements are in place for other cultural institutions that operate on city-owned land and property and receive support from the city, such as the American Museum of Natural History and the Brooklyn Museum. It's also a model that's been replicated in other cities.

The Metropolitan Museum is one of the world's richest cultural institutions, with a $2.58 billion investment portfolio, and isn't reliant on admissions fees to pay the majority of its bills. Only about 11 percent of the museum's operating expenses were covered by admissions charges in the 2012 fiscal year. As a nonprofit organization, the museum pays no income taxes.

Holzer also noted that in the past fiscal year, 41 percent of visitors to the Met paid the full recommended admission price — $25 for adults, $17 for seniors and $12 for students.

A random sampling of visitors leaving the museum found that there was a general awareness that "recommended" implied you could pay less than the posted price.

But Dan Larson and his son Jake, visiting the museum last week from Duluth, Minn., were unaware there was any room to negotiate the admission price. They paid the full $25 each for adult tickets.

"My understanding was you pay the recommended price," said Larson, 50. "That's clearly not displayed."

Alexander Kulessa, a 23-year-old university student from Germany, said friends who had previously visited New York tipped him off about the admission fee.

"They said, 'Don't pay $25,'" said Kulessa. "They said it will be written everywhere to pay $25 but you don't have to pay that. You don't even have to pay the student price."

For Colette Leger, a tourist from Toronto who visited the museum with her teenage daughter, paying the full $25 was worth every penny.

"It's a beautiful museum and I was happy to pay," she said.

___

Associated Press writer Jake Pearson contributed to this report.

___

www.metmuseum.org


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EU finance ministers approve Cyprus bailout deal

NICOSIA, Cyprus — Cyprus' Parliament president says a deal reached for his country to raise billions in order to qualify for an international bailout is a "painful one" for the island nation's people and a defeat for European solidarity.

Yiannakis Omirou said Monday that Cyprus must work fast to reform its economy and leave the bailout as soon as possible.

The deal reached in Brussels early Monday prevented Cyprus' imminent financial meltdown by securing a last-minute 10 billion euro ($13 billion) bailout on the condition that the country cut back its banking sector and force large losses on big deposits to help pay much of the bill.


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Ford India apologizes over Berlusconi bondage ad

MUMBAI, India — The Indian unit of Ford Motor Co. has apologized for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car.

A Ford India spokeswoman said Monday that the company is investigating whether anyone at the automaker ever saw the print ads, which were never used commercially but appeared over the weekend on a website showcasing creative advertising.

The ads caused an uproar online and came just after India passed a new law on violence against women following a fatal gang rape of a student on a bus that prompted mass protests and spotlighted the status of women in India.

Featuring Ford's logo, one ad showed three women bound and gagged in the trunk of an Indian-made compact, the Ford Figo, with Berlusconi smiling from the driver's seat alongside the slogan "Leave your worries behind with the Figo's extra-large boot."

Similar ads featured Paris Hilton apparently kidnapping reality television rivals the Kardashian sisters — all three sisters tied up and one in a bikini — and Formula One driver Michael Schumacher abducting his male racing competition.

Ford said Monday that it regrets the incident, calling the images "contrary to the standards of professionalism and decency within Ford."

The ads were created at advertising agency JWT India and appeared on the website adsoftheworld.com late Friday.

"Ford India Needs to Fire Its Advertising Execs," read a headline on a slate.com blog while Indians on Twitter reacted with posts like "Disgusting!" and "SHAME."

It was unclear Monday whether anyone at Ford India had approved or seen the ads.

"We take this very seriously and are reviewing approval and oversight processes, and taking necessary steps to ensure nothing like this ever happens again," Ford spokeswoman Sethi Deepti said by email.

JWT India's CEO also condemned the ads.

"These were made as posters by individuals. They have never been paid for and were not expected to be released," he told India's Economic Times newspaper.


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Cyprus bailout deal prompts investors relief

LONDON — Investors breathed a sigh of relief Monday after Cyprus clinched a bailout deal with international creditors that will prevent it becoming the first country to ditch the euro — a prospect that could have worsened the crisis afflicting Europe's single currency.

In the early hours of Monday morning in Brussels, an agreement was reached in Brussels that capped one of the most tumultuous weeks since Europe's debt crisis started three and a half years ago.

In return for a 10 billion euros ($13 billion) bailout from its European partners and the International Monetary Fund, Cyprus agreed to drastically shrink its outsized banking sector, cut its budget, implement economic reforms and privatize state assets — a cocktail of measures that mean the country's near-term economic prospects are bleak indeed.

The deal will allow the European Central Bank to continue providing liquidity to the remnants of Cyprus' banking system.

Cyprus' side of the bargain is earmarked to raise 5.8 billion euros. To do so, the country's second-largest bank, Laiki, will be restructured and bond holders and holders of bank deposits of more than 100,000 euros will have to take significant losses. Depositors in the biggest bank, the Bank of Cyprus, with over 100,000 euros will also bear a cost but those with savings up to 100,000 euros will be guaranteed in accordance with the EU's deposit insurance guarantee.

"Equities are enjoying a relief rally this morning as the imminent threat from Cyprus appears to have been abated, but where the markets go from here remains to be seen," said Mike McCudden, head of derivatives at Interactive Investor.

In Europe, the FTSE 100 index of leading British shares was up 0.6 percent at 6,430 while Germany's DAX rose 1 percent to 7,991. The CAC-40 in France was 1.3 percent higher at 3,819.

The euro was also well-supported, trading 0.3 percent higher at $1.30.

And Wall Street was poised for a solid opening with Dow futures up 0.2 percent and the broader S&P 500 futures 0.3 percent higher.

The focus will likely remain on developments surrounding Cyprus for a while yet. In particular, investors will be interested to see if the level of bank withdrawals from the country's banks when they reopen. That's scheduled for Tuesday.

A longer-lasting concern though is how the Cyprus deal plays out in other countries, notably those at the forefront of Europe's debt crisis. Will depositors look to reduce their holdings in Spain, Italy and Greece?

"The risk is contagion and the political fall-out from a badly handled crisis," said Jens Larsen, chief European economist at RBC Capital Markets.

Earlier, investors in Asia had the first chance to respond to the Cypriot developments and there too the response in financial markets was of relief. Japan's Nikkei 225 index surged 1.7 percent to 12,546.46m while South Korea's Kospi jumped 1.5 percent to 1,977.67. Hong Kong's Hang Seng rose 0.6 percent to 22,251.15.

However, mainland Chinese shares fell Monday, with the Shanghai Composite Index down 0.1 percent at 2326.72 and the smaller Shenzhen Composite Index falling the same rate to 959.93.

Oil prices tracked equities higher, albeit modestly, with the benchmark New York rate up 36 cents at $94.07 per barrel.

_____

Pamela Sampson in Bangkok contributed to this report.


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Former workers find new life in industry

Written By Unknown on Minggu, 24 Maret 2013 | 20.25

There is life beyond the ashes of Curt Schilling's 38 Studios, as seven former employees of the imploded Rhode Island gaming company came to PAX East yesterday to talk about the new studios they've started.

Featured on a panel at the video gaming convention, the budding entrepreneurs — most of whom have set up shop in the Bay State — join what's become a huge increase in the number of gaming and digital company startups in Massachusetts, 
up 78 percent from three years 
ago.

With the increased presence of indie gaming companies at PAX 
one of the big stories of this weekend's event, there's consensus that some of the most creative ideas in gaming are coming not out of the risk-averse mega companies, but rather from small studios, many based here.

The seven former 38 Studios employees confirmed that perception.

"Curt used to tell us that he hoped 38 Studios was the last place 
we'd work unless we started our own studios," said Joe Mirabello, who started Sharon-based Terrible Posture Games right after losing 
his job.

"It didn't pan out with his company so I decided that if I was going to work for a place that could go out of business it might as well be my own," Mirabello said.

Everyone on the panel said the spectacular collapse of Schilling's company was devastating, but it lit a fire under them. And while all refused to dish dirt on their former boss, they said that the collegial environment, which came before the abrupt flameout, had bonded former 38 Studios workers into a "brotherhood."

"We continue to take solace in one another and some have become close friends and help one another," said Geraldo Perez, who started King Bee Digital Games.

"It's been hard, but the video game industry has always been volatile," Perez said.

Rich Gallup got a job as a producer for fast-growing Disruptor Beam, but on the side started Summer Camp Studios.

"After what happened, my company's name was a way of picturing all of us all sent to a safe haven where we could go and learn new things," Gallup said.

Gallup said that most of the roughly 400 former employees of 
38 Studios have found work, 
with about half of them staying in the area and half relocating across the country.

"The attention this got opened a few doors," he admitted.

"But these were talented people, and that's why they found other jobs," he said.

Not everyone is making money off their new ventures, although a number of their games, mostly mobile-based, are for sale. Some said they relied on savings, others had a spouse with a good job, but a few are still living hand-to-mouth, determined to follow their passion to make games.

"My idea and my need was to make a game I wanted to play, and when I started it didn't matter if I made any money," said Paul Siegel, founder of Dancing Sorcerer Games.

Gallup has a better idea.

"My dream scenario is that companies put money in a fund, and if they go out of business workers can tap into that to do the games they want to do."


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App gives more than ‘likes’

A new app launching in Boston April 3 aims to help businesses boost sales by offering customers rewards for promoting them on social media.

Socii (pronounced so-she) was founded last year by three Boston-area college grads who noticed how companies struggle to generate word-of-mouth marketing.

"Businesses spend millions of dollars every year to create it, but there's no system to do it," said Victor Dweck, a 2010 Northeastern University alum. "They use social networks like Facebook and Instagram, but their messages typically get lost in the noise. People go on to connect with their friends, not businesses."

Socii allows people to partner with up to three businesses and earn points for completing up to one activity per day, such as "liking" them on Facebook or posting photographs about them on Instagram. The points lead to rewards, including discounts and free goods.

Socii limits the number of businesses and activities people can choose to encourage them to partner only with their favorite businesses and to complete activities on a regular basis to accrue points, Dweck said.

"These aren't people who just want deals like on Groupon," he said. "These are the companies' most loyal customers."

So far, more than a half-dozen Boston area businesses — including J.P. Licks, Finale and Crema Cafe in Cambridge — have signed on to use the app, which doesn't require any new hardware, Dweck said.

"We feel this kind of word-of-mouth marketing creates loyalty among our customers," said J.P. Licks Marketing Manager Jason Provost. "When Victor reached out to us, I was like, why hasn't anyone thought of this before?"

Liz Cohen, head of marketing and design for Crema Cafe, said the company regularly tweets and posts on Facebook. But although it has more than 1,500 "likes," she's struggled with finding a way to get people to actually talk about the cafe on Facebook.

"When I saw what (Socii) was doing, it sounded great because it's a mutual thing," Cohen said. "We'll be asking customers to do things, but we'll also be showing them how much we appreciate them. Right now, we don't have that."

When the Specialty Coffee Association of America rolls into Boston on April 11 for its 25th annual expo, she said, the cafe will be able to use the app to get people attending the conference to tweet about Crema.


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‘Thrones’ ascends with Facebook game

The epic power struggle between the Starks and the Lannisters on "Game of Thrones" has come to Facebook.

A fast-growing local company is revolutionizing social media games by integrating a live strategy game with the widely popular medieval fantasy drama, and it's generating a lot of PAX East buzz.

Released just three weeks ago on Facebook, "Game of Thrones Ascent" already has 300,000 players in a unique, constantly updated game that allows players to evolve with the characters through new content added after each new episode airs. And with the premiere of the show's third season a week from today, the number of players is expected to explode among the 12 million viewers the HBO show attracts.

Southboro resident Jon Radoff, the founder of Disruptor Beam, has been a successful tech and game company entrepreneur. He convinced series creator and author George R.R. Martin and HBO to do a different kind of Facebook game, and one that was faithful to the spirit of the books.

"Most social media games have most been about mindless clicking," Radoff said. "We wanted to create a thinking person's Facebook game where you pursue power, create allies, fight enemies and face all kinds of moral choices."

Radoff began working on the idea for the game and tying it live into the show even before the popular series began airing three years ago.

"HBO is very excited about the game," said Will Price, the network's associate director of product 
development. "It's going to a great driver of fans to our show and will keep them engaged between episodes."

Disruptor Beam has a dozen employees plus contracted writers to produce content and it put out a flyer at PAX East with six more job openings.

"Disruptor Beam is growing like crazy and has the potential to explode into a major gaming company with hundreds of employees," said Monty Sharma, managing director of the Mass. Digital Games Institute, who added that he is already addicted to the game. "They've created a game that makes you struggle between your desire to triumph and your sense of morality. Part of me doesn't want my ruthless character to win."

The free-to-play "Game of Thrones Ascent" makes money by getting players to pay for things like better armaments through micro-transactions.

"The online game business is a live business," said Radoff, who has developed and built companies such as Novalink and ePrice, which he grew into 300 employees and took public in 2000. "Creating more content every day is how you make money and grow."


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Police: No hazardous material at Berezovsky site

LONDON — Chemical and radiation experts found no hazardous materials in their search of the property where Boris Berezovsky's body was found, as British police on Sunday investigated the unexplained death of the self-exiled Russian tycoon who went from Kremlin kingmaker to fiery critic.

Berezovsky, who fled to Britain in the early 200s after a bitter falling out with Russian President Vladimir Putin, was found dead Saturday at the property in Ascot, a town 40 kilometers (25 miles) west of London. He was 67, and Thames Valley police say his death is being treated as "unexplained."

Police said Sunday that officers specially trained in chemical, biological, radiological and nuclear materials have given the scene the "all clear."

"Officers found nothing of concern in the property and we are now progressing the investigation as normal," a statement from police said, adding that the majority of the cordon put in place around the property has now been lifted.

Berezovsky — who had survived a number of assassination attempts — amassed a fortune through oil and automobiles during Russia's chaotic privatization of state assets following the collapse of the Soviet Union in the early 1990s.

Once a member of Russian President Boris Yeltsin's inner circle, Berezovsky fell out with Yeltsin's successor, Putin, and fled Britain in the early 2000s to escape fraud charges that he said were politically motivated.

He became a strident and frequent critic of Putin, accusing the leader of ushering in a dictatorship, and accused the security services of organizing the 1999 apartment house bombings in Moscow and two other Russian cities that became a pretext for Russian troops to sweep into Chechnya for the second war there in half a decade.

Putin's spokesman acknowledged Sunday that the Russian president considered Berezovsky an enemy with clearly stated intentions to fight.

"We know for certain that he spared no expense in support of processes, within Russia and beyond, that could be said to have been directed against Russia and Putin," spokesman Dmitry Peskov said on the independent cable television channel Rain. "He definitely was Putin's opponent, and unfortunately not only his political opponent, but most likely in other dimensions as well."

In recent years, Berezovsky fended off legal attacks that often bore political undertones — and others that bit into his fortune.

Russia repeatedly sought to extradite on Berezovksy on a wide variety of criminal charges, and the tycoon vehemently rejected allegations over the years that he was linked to several deaths, including that of slain journalist Anna Politkovskaya and ex-KGB agent Alexander Litvinenko.

Berezovsky won a libel case in 2010 against a Kremlin-owned broadcaster that aired a show in which it was suggested he was behind the poisoning of Litvinenko, who had fled Russia with Berezovsky's help after accusing officials there of plotting to assassinate political opponents.

He took a hit with his divorce from Galina Besharova in 2010, paying what was at the time Britain's largest divorce settlement. The figure beat a previous record of 48 million pounds ($73.1) and was estimated as high as 100 million pounds, though the exact figure was never confirmed.

Last year, Berezovsky lost a multibillion-pound High Court case against fellow Russian Roman Abramovich and was ordered to pay 35 million pounds ($53.3 million) in legal costs.

Berezovsky had claimed that Abramovich, the billionaire owner of Chelsea Football Club, cheated him out of his stakes in the oil group Sibneft, arguing that he blackmailed him into selling the stakes vastly beneath their true worth after he lost Putin's good graces.

But a judge threw out the case in August, ruling that Berezovsky was a dishonest and unreliable witness, and rejected Berezovsky's claims that he was threatened by Putin and Alexander Voloshin, a Putin ally, to coerce him to sell his Sibneft stake.

It also recently emerged that Berezovsky ran up legal bills totaling more than 250,000 pounds in just two months of a case against his former partner, Elena Gorbunova, with whom he had two children and who claimed the businessman owed her millions.

Earlier this week, The Times of London newspaper reported that Berezovsky was selling property — including an Andy Warhol portrait of the former Soviet Union leader Vladimir Lenin — to settle his debts and pay expenses owed to lawyers.

News of Berezovsky's death has prompted conspiracy theories along with speculation as to his state of mind, given his recent financial setbacks.

Ilya Zhegulev, a journalist with the Russian edition of Forbes magazine, said he spoke with Berezovsky the day before he died and discussed the tycoon's decision to flee Russia in 2000.

The journalist quoted Berezovsky as saying that during his years in London he had lost the meaning of life.

"I no longer want to be involved in politics," Zhegulev quoted Berezovsky as saying in a story published Saturday on the Forbes.ru website.

He said Berezovsky told him that he wanted nothing more than to return to Russia. The former oligarch said he had changed his views on Russia, saying he now understood that it should not look to Europe as a model.

"I had absolutely, idealistically imagined that it was possible to build a democratic Russia. And idealistically imagined what democracy was in the center of Europe. I underestimated the inertia of Russia and greatly overestimated the West. This took place gradually. I changed my understanding of Russia's path," he quoted Berezovsky as having said.

___

AP writer Lynn Berry in Moscow contributed to this report. Cassandra Vinograd can be reached at http://twitter.com/CassVinograd


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EU chief spurring negotiations on Cyprus deal

BRUSSELS — A top European official is leading a high-level meeting Sunday afternoon in a last-ditch effort to help Cyprus come up with a plan necessary for a 10 billion euro bailout loan that would save it from bankruptcy.

The day of talks could prove critical — not only for the future of the small island country, but also for the 17-nation eurozone. If Cyprus or its banks were to collapse, officials fear that a lack of confidence could spread to other countries that use the euro, triggering higher borrowing costs or capital flight from those countries.

Cyprus is racing to meet a Monday deadline to come up with a plan to raise 5.8 billion euros ($7.5 billion) in order to get the bailout from the other European countries that use the single currency, as well as from the IMF.

Cyprus has "to fulfill a difficult mission to save the Cypriot economy and avert a disorderly default threatening the economy if there is no final deal for the loan agreement," government spokesman Christos Sylianides said in a written statement.

Cypriot President Nicos Anastasiades and Finance Minister Michalis Sarris were flying to Brussels, Sylianides said. Anastasiades was to be in constant contact throughout the negotiations in Brussels with party leaders who would be in the presidential mansion in Nicosia, he said.

An EU spokesman said European Council President Herman Van Rompuy would lead the meeting, with Anastasiades and European Commission President Jose Manuel Barroso attending. The Council is the gathering of 27 EU heads of state and government; the Commission is the EU's executive arm.

Van Rompuy's role will not be to reach a final agreement, but to facilitate efforts to find a solution, spokesman Preben Aamann said. Any new proposal would have to be approved Sunday evening by the Eurogroup, the gathering of finance ministers from the 17 EU countries that use the euro currency.

The IMF, European Central Bank and European Commission will then determine whether any plan put forward by Cyprus meets the requirement that Cyprus' debt, including any new bailout loan, be sustainable over the long run.

To avoid bankruptcy or the collapse of its banking system, Cyprus needs significantly more than the 10 billion euros the international creditors are willing to lend it. For that reason, the country must somehow raise — and not through borrowing — the additional money.

The original plan, agreed to in marathon negotiations, called for a one-time "levy" on all bank depositors in Cypriot banks. The proposal ignited fierce anger among Cypriots and failed to garner a single vote in the Cypriot Parliament.

German Finance Minister Wolfgang Schaeuble underlined that time was of the essence. The European Central Bank says it will stop providing emergency funding to Cyprus' banks after Monday if no new plan is in place.

"Cyprus will go down a tough path — either way. But that's not the consequence of European stubbornness but of a business model that no longer works," he said.

Following the Van Rompuy meeting, Anastasiades will meet with Christine Lagarde, the managing director of the International Monetary Fund, and Mario Draghi, president of the European Central Bank, Cypriot spokesman Nikos Christodoulides said.

______

Associated Press writers Juergen Baetz in Brussels and Elena Becatoros in Nicosia, Cyprus, contributed to this story.

______

Don Melvin can be reached at https://twitter.com/Don_Melvin


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