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Condo blends old-world charm, modern touches

Written By Unknown on Sabtu, 24 Agustus 2013 | 20.25

Flexibility and modern touches in a 19th-century home are part of the charm of an updated two-
bedroom condominium in a massive Greek Revival in the Fields Corner section of Dorchester.

Featuring 10-foot ceilings, crown molding, cherry hardwood floors and central air conditioning, the 1,617-square-foot, first-floor unit has five rooms and is listed for $369,000.

"What's kind of nice about this space is most two-bedrooms in Dorchester don't flow well," said Realtor Craig Galvin of the Galvin Group in Dorchester. "This house has a ton of flex space. If you only need one bedroom with an option, that's what you have."

Built in 1875, the former single-family home sits on a short, one-way street that connects to Dorchester Avenue. It was converted to six condos in 2005 and 2006, when several other older homes on the street also went that route, according to Galvin.

"It was a quick infusion in '06 of 30 new buyers into the neighborhood," he said.

The condo unit — which the current owner purchased for $344,000 in 2006, according to Registry of Deeds records — has been on the market since July 5. The building's five other condos are owner-occupied.

The tin-ceilinged kitchen includes some of the unit's modern updates: birch cabinets, granite countertops and island, stainless Frigidaire appliances that include a gas stove, and a GE Profile wine refrigerator. A storage closet in the back hall off the kitchen holds a stacked washer and dryer.

The kitchen opens to a dining/living room area, with a gas fireplace and 
architectural ceiling medallion.

The condo's bedroom closets are on the small side, but there's a storage closet in the hallway and another downstairs. The single bathroom has subway tile walls, a granite sink and an octagon-dot tile mosaic floor.

The master bedroom features another decorative ceiling medallion and is adjacent to another room that could be used as a child's bedroom or office.

On the lower level, which is set off by French doors, there's a room with another gas fireplace, eight-foot ceilings, Berber carpeting and full windows. Used by the current owner as a living room, it's level with the fenced-in backyard, which is a paved lot for deeded off-street parking and includes a cement patio area underneath stairs to the 
upper units.

"This could be a separate bedroom," Galvin said, noting its separate entrance and enough room for a bathroom addition.

The home is about a half-mile walk to the Shawmut and Fields Corner Red Line MBTA stations.

Condo fees of $305 per month cover water and sewer, master insurance, exterior maintenance and landscaping, and snow removal.


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Commonwealth plans big expansion

The Hotel Commonwealth is planning to expand, less than a year after new owners bought the Kenmore Square property.

The owners plan to add 96 more rooms, event space and parking by building on to the back of the facility, which is currently a 23,000-square-foot parking lot that backs up to the Massachusetts Turnpike, according to plans filed with the Boston Redevelopment Authority.

The new building would be no higher than the current building and consist of 134,000 square feet.

It would make the Commonwealth a 245-room hotel.

The hotel deferred comment to Denver-based Sage Hospitality, which did not return messages seeking comment yesterday.

Hotel Commonwealth was credited with revitalizing a stretch of Kenmore Square when it replaced 14 rundown buildings and officially opened in 2003. The trustees of Boston University sold the property to Sage in December in a deal that also included leases for retail and restaurant tenants.

The hotel includes popular nightspots Eastern Standard and Island Creek Oyster Bar.

The filings don't provide a timetable for when construction will start and wrap up. But officials plan to submit documents to the BRA next month.

The six-story, $70 million hotel was mocked for resembling a plastic Lego structure when it was unveiled.

It had been hyped as French Second Empire-style architecture. Hotel officials shelled out $4 million to give the facility a facelift shortly after.


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Patrick Dempsey out of Tully's Coffee venture

SEATTLE — Actor Patrick Dempsey and his business partner in the venture that acquired Tully's Coffee out of bankruptcy have dissolved their partnership.

In a joint statement late Friday, the "Grey's Anatomy" star and California lawyer Michael Avenatti said their legal dispute has been fully resolved.

Court documents filed Aug. 20 in Dempsey's King County Superior Court lawsuit against Avenatti said the lawyer initially was the sole owner of Global Baristas LLC. The documents say Dempsey joined Global Baristas a short time later. The ownership group prevailed against other bidders including Starbucks in an auction of more than 40 Puget Sound-area Tully's stores.

Dubbed "McDreamy" on the TV hospital drama, Dempsey was the public face of the successful bid. He said Friday he was "happy to have been a part of the effort that brought awareness to the Tully's brand."

Avenatti spokeswoman Suzy Quinn says the lawyer, "with other investors and the Tully's management team," will continue operating the stores.

A report on the dispute was first carried in The Seattle Times.


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Lexus ES300h is total package

Although the Lexus ES300h and its brand mate the Toyota Camry Hybrid roll from the same engineers, it's remarkable how refreshingly different they are.

I had a chance to compare the two when my personal car was in the shop and the Toyota was the rental provided.

The Lexus is everything a Lexus should be — elegant, quiet, polished, well-appointed and technically advanced. The Camry is a good car in its own right but when the checklists were compared, and if you can swing the sticker price, I'd opt for the Lexus at every turn.

The cost-conscience shopper will get great value in the loaded $36,000 Camry Hybrid XLE but I'd dig deep and get the upscale Lexus sedan even with its higher base of $38,850. The level of craftsmanship and refinement in the Lexus is what separates the cars. We tested out at $46,070 with the bulk of the extra cost in the $2,625 navigation and backup camera package.

Let's start by sliding into the comfortable 10-way adjustable leather seats and grasping the bamboo and leather-trimmed steering wheel, all part of the $1,370 Luxury Package. A quick press of the start button begins the experience of driving this hybrid. If the steering wheel doesn't telescope to your preset and the infotainment screen doesn't illuminate, the car isn't running. It's so quiet in fact, I walked away from the car and wondered why the doors would not lock, only to realize that I had forgotten to shut the car off.

The soft touch leather, well-fitted plastic and bamboo trim extend through the cabin and the gentle curves create a comforting but not claustrophobic cabin. Lexus luxury extends to the passengers, too, as rear legroom and personal climate control make all very comfortable.

The ride is confident and secure and a quick turn of the console-mounted knob lets you select the best mode to drive in: ECO, Normal and Sport. Sport sets the steering response and acceleration to very aggressive and quick but decreases gas mileage. Normal is more passive yet with good engine response and ECO softens all for high mileage. I averaged more than 35 mpg while flipping through the modes, which was slightly less than the estimates but personal driving habits will influence final mileage.

Powered by a gasoline/electric motor that has been featured in Toyotas since the Prius was introduced and mated to a very smooth electronically controlled continuously variable transmission, the 200 total horsepower made acceleration response immediate and powerful.

The sweeping, ever-so-slightly aggressive lines are accented by feline-like projector bulb headlights and wraparound taillights. The spacious trunk accommodates plenty of luggage, so with excellent gas mileage, personal space and top-notch luxury, head for the highways. Lexus safety features are prominent and range from Smartstop Technology and parking assist to blind spot monitoring.

There are many fine hybrids on the market now, but if you desire an elegant car with an eye to the environment the Lexus is a great choice.


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State seeks public release of university audit

WESTFIELD, Mass. — The state Education Secretary is asking Westfield State University trustees to publicly release their audit of President Evan Dobelle's spending within 30 days.

Matthew Malone said in a letter made public Friday that media reports on Dobelle's spending revive concerns about public universities' accountability, and "undermine the good and important work taking place."

Board chairman John Flynn, who initiated the audit, tells The Springfield Republican (http://bit.ly/16oMa9T) he expects to release it after next Thursday's board meeting.

The Boston Globe reported Sunday (http://b.globe.com/14Wc88e) that Dobelle, among other spending, billed more than $200,000 in travel, meals and entertainment to the nonprofit Westfield State Foundation, which raises money for scholarships and education, and later agreed to repay more than $20,000. Dobelle said his spending has been to benefit the university and any personal expenses included were unintentional errors.


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Five Hub homes that flew off the market

Written By Unknown on Jumat, 23 Agustus 2013 | 20.25

As interest rates creep up, demand for housing is still strong. Here is a look at several homes that sold in Boston last week. All of the properties sold within eight to 22 days and some properties sold for more than the asking price.

Unit 1 at 67 Green St. in Charlestown was listed for $479,000 and sold for $515,000. The one-bedroom-plus condo, close to Monument Square, has deeded parking that leads to a brick patio as well as the entrance. Inside the 1,175-square-foot condo is a gourmet kitchen featuring black granite countertops, custom maple cabinetry and stainless steel appliances. The open living room has a gas fireplace, hardwood floors and wooden shutters. Also included is central air and extra storage space. It was sold by Noel Atamian of Hammond Residential in 11 days.

Rene Rodriguez of Cabot and Co. sold Unit 2 at 608 Tremont St. in the South End for $604,000 — $65,000 over the $539,000 list price. The spacious two-bedroom condo plus study is centrally located at Tremont and Dartmouth streets. The 1,152-square-foot home has an open concept living and dining room featuring high ceilings, hardwood floors and a fireplace.

The galley style kitchen also has a separate wall oven. There is excellent closet space as well as an oversized bonus room that can function as a media room, library or den. It sold in eight days.

In Back Bay, the 997-square-foot home 80 Marlborough St., Unit 1, sold by the Ranco and DeAngelo team at Hammond Residential, went for the list price of $619,000. Located on the second block in Back Bay, the sprawling one bedroom features many special touches such as a separate office alcove, a private entrance and an exclusive-use brick patio. There are custom finishes throughout the condo, including top-of-the-line appliances, oversized crown moldings, wooden blinds, accent lighting and custom built closets. There is also central air, an alarm system, a private laundry and an extra-large master closet. It sold in 22 days.

On Beacon Hill at 36 Hancock St., Unit 1B was listed for $565,000 and sold for $570,000. The newly renovated two bedroom has an open design kitchen with a charming adjacent breakfast nook. The fireplaced living room has extensive built-in bookshelves, high ceilings and exposed brick.

The versatile 844-square-foot layout contains a beautifully renovated bath and is located in a professionally managed building on a desirable tree-lined street just steps to Whole Foods and the T. There is also a common roof deck in the building with panoramic views of Boston. It was sold by the Ivy Team at Keller Williams Realty. In the Moss Hill area of Jamaica Plain, located at 181 Moss Hill Road, is a four-bedroom, single-family home that was listed for $689,000 and sold for $688,000. The more than 2,000-square-foot home also includes three full bathrooms that have been newly renovated. The open floor plan highlights the oversized living room/dining room as well as the sun room and inground pool. This meticulously maintained home also has a master suite with new closet systems, central air conditioning, two fireplaces and a finished basement with a full bathroom. It was sold by Sarah Carroll of Coldwell Banker Residential Brokerage.

Jennifer Athas is a licensed real estate broker. Follow her on Twitter @Jenathas.


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The Ticker

UPS drops some spouses from health benefits plan

United Parcel Service Inc. is ending health insurance benefits for U.S. nonunion employees' spouses who can get coverage elsewhere.

UPS estimates that 15,000 of the 33,000 spouses it covers can get insurance from their own employer and will be dropped from the UPS plan. UPS cited the 2010 health care law promoted by President Obama for the change.

"Since the Affordable Care Act requires employers to provide affordable coverage, we believe your spouse should be covered by their own employer — just as UPS has a responsibility to offer coverage to you," the company said in a memo to employees.

Applications for jobless benefits rise

The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in 5 1⁄2 years. But the broader trend suggests companies are laying off fewer workers and could step up hiring in the months ahead.

The Labor Department said yesterday that applications for first-time benefits rose 13,000 to a seasonally adjusted 336,000 in the week ending Aug. 17. That's up from 323,000 in the previous week, which was the lowest since Jan. 2008.

The four-week average, which smooths week to week fluctuations, fell by 2,250 to 330,500. That's the sixth straight decline and the lowest for the average since November 2007.

A & F reports 33% drop in profits

Abercrombie & Fitch is the latest retailer to catch a case of the teenage blues.

A&F's shares plummeted yesterday after the store chain reported a 33 percent drop in second-quarter profit and warned that business would get even worse in the current quarter, which includes the final stretch of the back-to-school selling period. The teen retailer's results missed analysts' estimates and its third-quarter earnings forecast came in well below Wall Street expectations.

The stock tumbled nearly 18 percent, or $8.27, to close at $38.53.

TODAY

 Commerce Department releases new home sales for July.

 451 Marketing announced that Susannah Grossman, left, has joined the 451 Marketing team as account executive. Grossman is responsible for planning and executing communications campaigns for many 451 Marketing clients, including Boston Chops, Deuxave, Puritan & Co. and 51 Lincoln.

 Comverse, a telecom business enablement company, announced that Andreas Herzog has been named to lead the Comverse Managed Services organization. Herzog brings deep knowledge and industry-recognized experience in all aspects of managed/transformation services.


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Back-to-school meets Santa Claus

Toys"R"Us and Walmart got a very early jump on the holiday shopping promotions machine this week — for Christmas, not Halloween — by announcing price-matching and layaway policies for the most important sales period of the year.

Their unseasonable entree is indicative of how much more competitive it will be this year for stores to attract consumers who are closely guarding their wallets.

"They're going to be out there marketing Christmas early — the creep is going to continue," said analyst Ken Perkins, of Swampscott's Retail Metrics. "Consumers are not seeing significant wage gains, so there's not a particularly large, growing pie of discretionary dollars to spend. We're seeing it in back-to-school, and I think we'll see it again in the holiday season."

As a result, retailers have to be pretty promotional to drive traffic and sales. Toys"R"Us expanded its in-store "price match guarantee" to include pricing from e-tailers such as Amazon, Walmart.com, Target.com and BestBuy.com.

"We want to take away any concerns our customers might have about maximizing their budgets," chief merchandising officer Richard Barry said in a statement.

The announcement came a month and a half earlier than Toys"R"Us' introduction of its price-matching program for brick-and-mortar competitors last October.

Walmart, meanwhile, will roll out its holiday layaway program earlier this year — on Sept. 14; Sept. 11 for Facebook fans — and will eliminate the $5 opening fee. It also increased the number of items available for layaway to 35,500, from 34,500.

"Times are tough and it's not easy for many Americans — they are watching every penny," chief merchandising and marketing officer Duncan Mac Naughton said in a statement. The company reinstated a $10 cancellation fee, however.

Walmart last week attributed softer-than-expected sales to cautious consumers. Its lower-income customers, in particular, are stressed by higher payroll taxes and gas prices, and they haven't benefited from a stronger jobs market or wage increases.

The beefed-up layaway program is a smart move that caters to a consumer trend, born of the Great Recession, of not wanting to accumulate debt, said Jon Hurst, president of the Retailers Association of Massachusetts. "Layaway is all about those early shoppers who want to ... lay aside some gifts without putting the whole cost on a credit card," he said. "If you're going to do a layaway program, you probably want to start announcing it and promoting it when the consumers are in the stores for back-to-school shopping. A lot of these types of holiday gifts are impulse buys."


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Oil remains above $105 ahead of US housing data

The price of oil made small gains above $105 a barrel on Friday, ahead of house sales figures that could show further improvement in the U.S. economy.

By early afternoon in Europe, benchmark oil for October delivery was up 14 cents to $105.17 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.18 to close at $105.03 on Thursday.

Experts say there are signs — including falling unemployment claims and rising manufacturing — that demand for oil in the world's largest economy is gaining momentum. At the same time, the U.S. Federal Reserve is expected to begin phasing out its monetary stimulus measures, which have led to lower interest rates in an effort to boost economic growth. The measures have also motivated investment in oil and other commodities.

"Over the last couple of days, more and more signals have emerged that point to an improving economic situation in the U.S.," said a report from JBC Energy in Vienna. "Although a reduction of the bond purchasing program would lower the interest in risky assets, we see it as a positive development reflecting the fundamental improvement of the U.S. economic situation, which eventually would also be felt in oil demand."

Traders will turn their attention later Friday to the release by the U.S. government of new home sales for July. The data are key to evaluating the strength of the housing market, a critical element of the overall economy.

Risk premiums linked to the political crisis in Egypt and labor conflicts at key Libyan ports used to ship oil exports have also supported crude prices over the past days.

Egypt controls the Suez Canal and the Sumed pipeline, crucial transport routes between the Middle East and the Mediterranean Sea through which around 4.5 million barrels of oil and refined products are shipped daily.

Brent crude, which sets prices for imported oil used by many U.S. refineries, was up 41 cents to $110.31 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil added 0.92 cent to $3.0829 per gallon.

— Natural gas fell 2.1 cents to $3.524 per 1,000 cubic feet.

— Wholesale gasoline gained 1.77 cents to $2.8561 per gallon.

___

Pamela Sampson in Bangkok contributed to this report.


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'Boyfriend Tracker' app raises stir in Brazil

Written By Unknown on Kamis, 22 Agustus 2013 | 20.25

RIO DE JANEIRO — Brazilians were outraged when they learned their country was a top target of the U.S. National Security Agency's overseas spying operation, with data from billions of calls and emails swept up in Washington's top secret surveillance program.

Yet when it comes to the cloak and dagger effort of catching philandering lovers, all high-tech weapons appear to be fair game — at least to the tens of thousands of Brazilians who downloaded "Boyfriend Tracker" to their smartphones before the stealthy software was removed from the Google Play app store last week, apparently in response to complaints about privacy abuses and its potential to be used for extortion or even stalking.

"Brazilians are a jealous people, what can I say? Of course it's going to be popular," said Marcia Almeida, a 47-year-old woman in Rio whose marriage ended seven years ago in large part because of what she said was her husband's infidelity.

"It's a different type of spying," she said of comparisons to the NSA surveillance program. "You're checking up on somebody you know intimately, not some stranger."

The app, called "Rastreador de Namorados" (Portuguese for Boyfriend Tracker), promises to act like a "private detective in your partner's pocket."

Functions include sending the person doing the tracking updates on their partner's location and forwarding duplicates of text message traffic from the targeted phone. There is even a command that allows a user to force the target phone to silently call their own, like a pocket dial, so they can listen in on what the person is saying.

Similar apps are marketed for smartphone users in other countries, including Europe and the U.S., but Boyfriend Tracker is the first that has made any impact in Brazil, a country still irate as it learns more about Washington's snooping. Brazil has sent a government delegation to meet with U.S. leaders about the spy program that was revealed by Edward Snowden, the former NSA contractor who has been on the run since May and was recently granted asylum in Russia.

Google spokeswoman Gina Johnson said by email that as a policy the company doesn't comment on why apps are removed.

Critics say even as advertised, apps like Boyfriend Tracker can violate privacy rights, and they warn that in the wrong hands they could be used for more sinister purposes, like stalking. Some in Brazil argue it breaks an anti-online harassment and hacking law in place since April. The law is named after Brazilian actress Carolina Dieckmann, who had nude photos of herself leaked by hackers in 2012 after she refused to pay about $5,000.

However, similar apps popular on Google Play market themselves to parents as a means of monitoring how teenage children use the phone and where they are at any given moment.

Matheus Grijo, a 24-year-old Sao Paulo-based developer behind Boyfriend Tracker, says it has attracted around 50,000 users since its launch about two months ago, most since the site began attracting media attention two weeks ago.

Grijo insists his lawyer vetted the app and determined it does not violate any Brazilian laws. Despite being removed by Google, it is still available via direct download from his company's website.

A disclaimer on that website stipulates the app is for "social and recreational use" and absolves the developer of responsibility for any misuse. The first line of the download instructions says a woman installing the tracker on her boyfriend's phone should do so "with his consent."

"We are waiting for Google's position on the removal of 'Boyfriend Tracker' from Google Play, which we consider an error," read a posting on a Facebook page Grijo set up for the app.

To install Boyfriend Tracker, suspicious partners have to get their hands on their loved one's smartphones and upload the app. A free version leaves the app's icon visible on the target's phone, while a version that costs $2 a month masks the icon.

Grijo said the app began as a joke between him and his girlfriend but the idea quickly caught on among their friends.

"In Brazil, we have this culture of switching partners really quickly, so this is a way of dealing with that," said Grijo. "People really appreciate having a tool to help them find out whether they're being cheated on."

He acknowledged that "of course some people are against it, but on balance the response from users has been positive." He said he's received messages of gratitude from around 50 people who used the app to ferret out their partners' infidelity.

While cheating in Brazil cuts both ways, the app is clearly marketed to women suspicious of their male partners, right down to the name. Postings on the app's Facebook page exhort: "Girls, share this."

Still, Grijo insisted he personally has never given his girlfriends any reason to worry.

"I've had three steady girlfriends until now but I've never had these kinds of issues," he said.

___

Associated Press writer Bradley Brooks contributed to this report.


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Worcester hospital pays $66,000 settlement

BOSTON — A Worcester hospital has agreed to pay $66,000 to settle allegations that it improperly sent bills for uninsured patients to a homeless shelter so it could tap the state for payments.

According to court documents, UMass Memorial Medical Center sent unpaid bills for emergency care to an address where the patients did not live — the People in Peril homeless shelter in Worcester.

The case was brought to the attention of authorities by a former collections analyst at the hospital, who said he learned of the practice when a Canadian patient called to settle an emergency room bill for thousands of dollars. The worker alleged that the patient's address was listed as the shelter's location.

The hospital said in a statement to The Boston Globe (http://b.globe.com/13TbFAo ) that it had done nothing wrong.

___

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


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Obama to propose new system for rating colleges

WASHINGTON — President Barack Obama on Thursday will unveil a sweeping new plan for rating colleges based in part on affordability, with the goal of eventually linking those ratings to federal financial aid awards.

The new rating system, which the president wants implemented before the 2015 school year, would evaluate colleges on a series of measures, including average tuition and student loan debt, graduation rates, and the average earning of graduates. Obama is also seeking legislation to link the new rating system to the way federal financial aid is awarded, with students attending highly-rated schools receiving larger grants and more affordable student loans.

Obama will unveil the proposals Thursday as he opens a two-day bus tour through New York and Pennsylvania. The tour underscores the White House's desire to stay focused on domestic issues, even as foreign policy crises in Egypt and Syria vie for his attention.

Throughout the summer, the White House has been seeking to keep the president's public agenda centered on middle-class economic issues as a way to rally public support for his positions ahead of looming fiscal battles with congressional Republicans. And Obama, in an email to supporters this week, said a big part of middle-class security includes fundamentally rethinking how to pay for higher education.

"Just tinkering around the edges won't be enough," Obama said. "We've got to shake up the current system."

In an interview Thursday on MSNBC, Education Secretary Arne Duncan said the Obama administration wants to "understand who is doing a good job and who is not and start to move financial aid, move resources toward those universities that are serious about this mission."

"We have so many universities trying to do the right thing," Duncan added. "We have states starting to invest more. We want to incentivize the good actors and say to those that aren't serious about containing costs, 'You have to change your behavior.'"

According to Obama administration estimates, average tuition costs at four-year public colleges have more than tripled over the last three decades. The average student loan borrower also graduates with over $26,000 in debt.

The president will also propose legislation to give colleges a "bonus" based on the number of students they graduate who received Pell Grants. The goal is to encourage colleges to enroll and graduate low- and moderate-income students.

The administration will also seek to require colleges with high dropout rates to disburse student aid over the course of the semester as students face expenses, rather than in a lump sum. The aim is to prevent wasting grant money by ensuring that students who drop out do not receive funds for time they are not in school.

Obama is also renewing his call for a $1 billion college "Race to the Top" competition that would reward states that make significant changes in higher education policies while also containing tuition costs.

The backdrop for the president's rollout will be colleges and high schools throughout New York state and Pennsylvania. He'll hold his first event Thursday morning at the University of Buffalo before traveling by armored bus to Henninger High School in Syracuse, N.Y. The president will hold a town hall Friday at Binghamton University, then travel to Scranton, Pa., for an event at Lackawanna College.

Vice President Joe Biden, a Scranton native, is scheduled to join Obama in his hometown. Biden spent much of the week in Houston, where his son Beau underwent a medical procedure at a cancer center.

For Obama, who has made no secret of his desire to get out of Washington when he can, the bus tours have become a favorite method for reconnecting with the public. Beyond his official events, the president often makes unscheduled stops at local restaurants and businesses, and sometimes pulls off on the side of the road to greet cheering crowds.

In 2011, the Secret Service purchased a $1.1 million bus for Obama's first bus tour as president. The impenetrable-looking black bus has dark tinted windows and flashing red and blue lights.

___

Follow Julie Pace on Twitter at http://twitter.com/jpaceDC


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JC Penney adopts 'poison pill'

PLANO, Texas — Struggling retailer J.C. Penney is adopting a "poison pill" just two days after reporting its sixth straight quarter of big losses and steep revenue declines.

The company said Thursday that the one-year shareholder rights plan will prevent any takeover attempts and will ensure that stockholders don't loss the chance to realize the full value of their investment.

J.C. Penney Co., based in Plano, Texas, said that the plan was not adopted in response to any particular takeover attempt.

So-called stockholder rights plans allow existing shareholders to buy more shares at a very low price if an investor or entity not approved by the board snaps up a large chunk of company shares.

The retailer is trying to survive a botched turnaround strategy by ousted CEO Ron Johnson.


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US unemployment aid applications rise to 336,000

WASHINGTON — The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in nearly six years. But the broader trend suggests companies are laying off fewer workers and could step up hiring in the months ahead.

The Labor Department said Thursday that applications for first-time benefits rose 13,000 in the week ending Aug. 17 to a seasonally adjusted 336,000.

The four-week average, which smooths week to week fluctuations, fell to 330,500. That's the sixth straight decline and the lowest for the average since November 2007. At the depths of the recession in March 2009, applications numbered 670,000.

Applications for unemployment benefits generally reflect layoffs. The four-week average has fallen 5 percent in the past month.

The drop in applications over the past month suggests employers added 200,000 or more jobs in August. That would be an improvement from the 162,000 added in July.

The unemployment rate fell to a 4½-year low of 7.4 percent last month, from 7.6 percent in June. That's still well above the 5 percent to 6 percent range associated with a normal economy.

The drop in layoffs helps explain why job growth has increased this year to an average of 192,000 net jobs a month, even while overall economic growth has stayed sluggish.

Net job gains show the number of people hired minus those who lose or quit their jobs. And when companies cut fewer jobs, it doesn't take many new hires to create a high net gain.

The weak economy has made employers hesitant to hire freely. The economy grew at a sluggish 1.4 percent annual rate in the first half of the year, hobbled by tax increases, federal spending cuts and global economic weakness.

Many economists foresee growth accelerating in the second half of the year to an annual rate of roughly 2.5 percent. They expect consumer spending to pick up as the effects of the tax increases and spending cuts diminish.

There have been some recent signs of improvement. Sales of previously occupied homes surged in July to a seasonally adjusted annual rate of 5.4 million. That was the most in 3 ½ years and a sign the housing recovery should continue to spur economic growth. Last week, the government said U.S. retail sales grew at a solid pace in July.


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The Ticker

Written By Unknown on Rabu, 21 Agustus 2013 | 20.25

Netflix strikes movie deal with Weinstein Co.

In a drive to add subscribers, Netflix has expanded on a movie-licensing deal with The Weinstein Co. that will add more films to its Internet video service beginning in 2016.

The multi-year agreement announced yesterday builds upon a partnership that Netflix Inc. forged with Weinstein Co. last year. That deal gave it the streaming rights to the Oscar-winning film, "The Artist," as well as other foreign films and documentaries from the eight-year-old studio.

Two new auto insurers on the way

Two new auto insurance companies, Privileged Underwriters Reciprocal Exchange (PURE) and Esurance, will now be allowed to sell insurance to Massachusetts consumers, the state Division of Insurance said.

Fifteen new insurers have entered the market since Gov. Deval Patrick introduced managed competition in the auto insurance market in 2008, officials said.

Barnes & Noble quarterly loss up

Barnes & Noble said it plans to keep making its Nook electronic readers and will focus on offering content to its customers, even as its first-quarter net loss nearly doubled.

The quarterly results came as the struggling bookseller's chairman, Leonard Riggio, said he is abandoning his bid for the company's retail stores. Shares tumbled more than 12 percent.

TODAY

 National Association of Realtors releases existing home sales for July.

 Federal Reserve releases minutes from its July interest-rate meeting.

 Hewlett-Packard Co., Lowe's Cos., and Target Corp. report quarterly financial results.

TOMORROW

 Labor Department releases weekly jobless claims

 Gap Inc., Sears Holdings Corp. reports quarterly financial results.

 GZA GeoEnvironmental, Inc., an environmental and geotechnical consulting firm, announced that David M. Leone, left, has been promoted to associate principal at the company's corporate offices in Norwood. His areas of specialization include hydrology, hydraulic engineering, water resources, flood evaluation and site civil engineering.

 Seasons Hospice & Palliative Care of Massachusetts announced the appointment of Dr. James L. Baker as medical director. A nationally recognized expert in hospice and palliative medicine, Dr. Baker most recently served as medical director of VNA Hospice Care of Boston.


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Report: Medical industry robust in Massachusetts

Massachusetts continues to lead the nation in R&D jobs and federal research funding per capita, though smaller biotech clusters in New York and Washington, D.C., are growing at faster rates, according to the Massachusetts Biotechnology Council's annual industry report.

In 2012, the state's biopharma industry added 365 jobs for a total of 56,462, including 27,883 in biotechnology research and development — more than in any other state.

From 2007-12, Massachusetts added 3,227 jobs in biotech research and development, second only to California's 4,304. But the Bay State's 13.1-percent growth over that period was outpaced by Washington's 53.8 percent, New York's 41.7 percent and California's 22.5 percent growth.

"It says we maintain a very strong position nationally and globally, but it does also raise questions about what's next," said Peter Abair, MassBio's director of economic and global affairs. "We need to consider what's going on in smaller clusters like D.C. and New York and see if we can learn from that."

In addition to the jobs the biopharma industry added, the medical device industry added 205 jobs last year for a total of 23,151, a figure that is closer to more than 70,000 if jobs at companies that manufacture components of medical devices are included, said Thomas Sommer, president of the Massachusetts Medical Device Industry Council.

"It's modest growth," Sommer said. "It reflects the fact that the industry is challenged by the 2.3 percent medical device excise tax that went into effect Jan. 1."

Only California and Minnesota employed more people in the medical device industry last year, with 74,377 people and 29,087 people, respectively, according to the MassBio report.

Massachusetts also trailed California in National Institutes of Health funding in 2012. California received $3.47 billion — more than any other state — while Massachusetts came in second with $2.56 billion.

On a per-capita basis, however, Massachusetts led all states by far, with $391 per person, compared to $93 in California. And half of the top 18 NIH-funded research hospitals are in the Bay State.

Venture investment in Massachusetts biotechs declined from an all-time high of $1.07 billion in 2011 to $838 million last year, or 21 percent of all U.S. venture capital. Nationally, venture investment in biotech declined 15 percent in 2012.


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Facebook aims to get more people online

NEW YORK — Facebook wants to get more of the world's 7 billion people online through a partnership with Samsung, Nokia and other large mobile technology companies.

Facebook Inc. announced a partnership called Internet.org on Wednesday. The company says its goal is to "make Internet access available to the two-thirds of the world who are not yet connected."

"By reducing the cost and amount of data required for most apps and enabling new business models, Internet.org is focused on enabling the next 4 billion people to come online," Facebook said in a statement.

The group's plans include developing cheaper smartphones and using mobile data more efficiently.

Javier Olivan, vice president of growth and analytics at Facebook, said the move continues what the company has already been doing to get more people online. This includes "Facebook For Every Phone," an app that launched in 2011 to let people with simple, non-smartphones use Facebook


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Staples 2Q results miss Street, cuts forecasts

FRAMINGHAM  — Staples said Wednesday that its net income dropped 15 percent in the second quarter as it closed some stores and dealt with declining traffic and lower sales of computers, ink and toner.

The office supply company's performance missed Wall Street expectations. It also cut its full-year earnings and revenue forecasts Wednesday, citing the weaker-than-expects quarterly results.

Staples Inc. earned $102.5 million, or 16 cents per share, for the period ended Aug. 3. A year earlier it earned $120.4 million, or 18 cents per share.

Analysts, on average, expected higher earnings of 18 cents per share.

Revenue fell 2 percent to $5.31 billion from $5.43 billion, weighed down in part by store closures. The performance was also hindered by declining sales overseas, which were hurt by softness in Europe and Australia.

Wall Street was looking for $5.37 billion in revenue.

The Framingham, Mass., company experienced softer sales of business machines and technology accessories, ink and toner and computers. This was somewhat offset by better sales of tablets, facilities and break-room supplies and copy and print services.

Many companies that offer computers and electronic devices have seen an increasing consumer shift to portable devices like tablets and smartphones and are trying to adjust their inventory to address such changing needs.

Revenue at stores open at least a year, which excludes online sales, slipped 3 percent on lower traffic and a decline in the average order size.

One bright spot was online sales, which climbed 3 percent.

Going forward, Staples now foresees full-year earnings from continuing operations of $1.21 to $1.25 per share. Revenue is expected to decline by a low single-digit percentage rate. Its prior guidance was for earnings of $1.30 to $1.35 per share, with revenue up by a low single-digit percentage rate.

Analysts forecast 2013 earnings of $1.32 per share.


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Kia recalls some Sorento SUVs; front axle can fail

DETROIT — Kia is recalling more than 9,700 SUVs in the U.S. and Canada because the front axle can fail and the vehicles can lose power.

The recall affects 2014 Sorento SUVs with 2.4-liter four-cylinder engines and front-wheel-drive. They were built from Jan. 7 through March 12 of this year.

Kia says the right axle drive shaft can crack and fail. If that happens, the SUVs can lose power or roll away when parked. The company says there haven't been any crashes or injuries reported.

Owners will be notified by letter. Dealers will replace the axle shaft free of charge.

The Hyundai Santa Fe, which is similar to the Sorento, was recalled for the same reason last week.


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Allegiant Air targets East Coast with new routes

Written By Unknown on Selasa, 20 Agustus 2013 | 20.25

NEW YORK — Tiny Allegiant Air is expanding its service again, this time with a focus on the East Coast.

The Las Vegas-based airline announced Tuesday that it is adding service to 10 new airports, including two on the far edges of the New York metropolitan area. It is also adding flights to Portsmouth, N.H., about an hour north of Boston.

Those markets represent a slight departure for the leisure-focused airline, which mostly flies from small, underserved cities to sunny vacation destinations. Allegiant will now serve 99 airports across the country, two more than Southwest Airlines, the largest domestic carrier. However, Allegiant generally only flies twice a week to most cities while Southwest has multiple daily flights.

Last year, 7 million passengers took a flight on Allegiant. That is a sliver of the 642 million people who took a domestic flight, including 134 million on Southwest.

Jude Bricker, Allegiant's senior vice president of planning, noted that some of the cities added are "larger than what we've historically been focused on" but that the airline is trying to take advantage of service cuts in the east after the merger of AirTran and Southwest.

Most of the new flights will head to Florida.

Allegiant entices people who otherwise wouldn't fly with low fares and non-stop flights. Then it aggressively pitches them hotels, rental cars, show tickets and other entertainment, earning millions in commissions.

Traditionally, it has focused on Las Vegas, but Bricker said that a $2.4 billion new terminal at McCarran International Airport there has increased the fees the airline pays to fly there by about $600 per flight, or $4 a passenger.

"We have to pass those costs on the customer," Bricker said. "We're still growing in Vegas but just very, very slowly."

Bricker said the airline isn't cutting service elsewhere but adding these routes thanks to seven new 177-seat Airbus A320s, which will be in service by year end. Each new plane allows Allegiant to open up four new cities.

The addition of Long Island MacArthur Airport, in Islip, N.Y. and Stewart International Airport, in New Windsor, N.Y., brings the airline closer to the lucrative New York market but still far enough away to avoid the region's congestion and high prices. The other new cities are: Charlottesville, Va.; Clarksburg W. Va.; Concord, N.C.; Oklahoma City; Tulsa, Okla.; Syracuse, N.Y. and Manhattan, Kan.


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'The Sims 4' adds emotional, multitasking Sims

LOS ANGELES — "The Sims" are getting in touch with their feelings.

The fourth edition of Maxis' successful life-simulating game will include more emotional versions of the virtual people whose lives and homes players can manipulate. This time around, "The Sims 4" producer Lyndsay Pearson said the developers have focused on crafting more believable Sims who can perform multiple actions — like walking and talking — at once.

While the Sims have always been an emotional bunch, they'll be guided by their moods even more in "The Sims 4," set for release next year for PC. During a demonstration of the game at Electronic Arts' offices last week, a Sim named Andre felt jealous when his pal Ollie began flirting with a female Sim. He intervened but became depressed once his advances were dismissed. He then opted to blow off steam by boxing.

"The key to 'The Sims 4' emotions is that there isn't anything particularly better or worse," said Pearson. "You have the ability of what to do with that emotion. If your Sim is furious, that may seem like a bad thing, but it actually means they can write a special book or paint a special painting or go for a really good run and have a really great workout."

The sequel will also make it easier for players to build homes for their Sims by picking pre-designed rooms and plopping them together to create a house. The abodes can then be filled with furniture and other items that inspire different emotions in the Sims. Some items can only be earned when Sims meet certain goals, either personally and professionally.

"The Sims 4" includes 18 touch points on the Sims' bodies, which can be sculpted to create custom faces and physiques. The developers have also added new locales for the virtual people to "WooHoo," the franchise's cheeky term for sexual intercourse. For example, Ollie eventually ended up getting it on with that female Sim in a rocket ship parked in his backyard.

"'The Sims 4' and 'The Sims' in general has always had a really good sense of humor," said Pearson, who has worked on the franchise for 10 years. "For us, that's an opportunity for new places for your Sims to have a little bit of fun and 'WooHoo' and maybe new ways to die. All of those things are funny parts of the game we've maintained in 'The Sims 4.'"

Pearson said "The Sims" franchise has now sold more than 170 million copies worldwide, cementing the 13-year-old people simulator by Electronic Arts Inc. as the top-selling PC game franchise. "The Sims 3," the previous installment launched in 2009, and 10 expansion packs, which add themed settings and features to the original game, have since been released.

"The Sims 4" follows the chaotic reboot of "SimCity" from EA and Maxis last March. The updated edition of the 24-year-old city-building franchise required gamers to play online even if they weren't interacting with other players. Several gamers weren't able to log on after the game debuted, prompting some retailers to stop selling the game.

Pearson declined to comment on what the developers learned from the botched launch of "SimCity," which went on to sell 2 million copies, according to EA. She noted that "The Sims 4" would be an offline single-player experience, although players will still be able to exchange virtual creations much the same way they did in previous editions of "The Sims."

___

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

___

Online:

http://www.thesims.com


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Glencore Xstrata $7.66 billion charge hits profit

GENEVA — Newly-merged commodities and mining group Glencore Xstrata Plc reported a near $9 billion first-half loss as it wrote down the value of its mining assets by a hefty $7.66 billion.

Though the merger between Glencore and Xstrata, completed in May, created an industry giant that controls a chain of businesses in mining, refining, storage and shipping of basic commodities like coal, copper and corn, trading conditions have been tough.

The write-down, the Swiss-based company said Tuesday alongside half-year results, reflected "the broader negative mining industry environment" and the heightened risks of taking on some big projects during the January-to-June period.

The charge was more than the $7 billion expected by most analysts and the company's share price fell 3.1 percent to 29 pence in London trading.

Overall, the company said its net income excluding exceptional items fell 39 percent to $2.04 billion from the $3.36 billion it would have made a year earlier. However, when including charges such as the write-down of the mining assets, the company reported an $8.9 billion loss, in contrast to a $2.3 billion profit last year.

The company said it was impacted by weaker prices in core commodities, but that was partially offset by improved production at many of its industrial operations. The rise in output included a 20 percent increase in copper production owing to improvements at some of its African and South American mines.

"We remain positive on the market outlook and continue to see solid end-use demand growth in our major commodities," Chief Executive Ivan Glasenberg said.

Commodities trader Glencore already was the world's largest commodities trading company before it took over Xstrata, the world's biggest exporter of thermal coal. Both were already based in the Swiss canton (state) Zug, a Zurich-area haven for multinational business drawn by low taxes and high living standards.


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TiVo refreshes lineup with 6-tuner Roamio DVRs

NEW YORK — TiVo Inc. announced a new line of digital video recorders Tuesday to give television viewers more control over what they watch on traditional channels and over the Internet.

The fifth-generation DVRs from the company that pioneered the devices come as consumers have a growing number of choices for finding and watching TV shows and movies.

TiVo's devices face more competition than they did when they were first introduced in 1999. Cable and satellite TV companies are improving their own DVR offerings, while stand-alone devices such as Roku, Apple TV and Google's Chromecast seek to simplify Internet streaming on big-screen TVs. Meanwhile, game consoles and smartphones now come with apps to do much of what TiVo does. An Internet startup called Aereo offers an Internet-based DVR for broadcast channels.

With its new Roamio DVR, TiVo is counting on the notion that avid television viewers prefer one device to do it all.

"What TiVo is doing here is pressing home their advantage. That is, they know TV," said Colin Dixon, chief analyst at nScreen Media, a research firm in Sunnyvale, Calif. "What they are doing here is actually very difficult for anybody else."

Dixon said many casual television viewers will be fine with generic offerings from their cable company, but TiVo's appeal is with high-end consumers who are already paying the most for television packages and Internet video services.

The Roamio is the company's first major update in three years.

Like previous TiVos and other DVRs, the Roamio supports basic functions such as the ability to pause and rewind live TV. TiVos also lets you watch video from Netflix, Hulu and other Internet services on regular TVs, as long as you have subscriptions with them.

The new TiVos give you more options for finding shows to watch. The emphasis in the past was on finding programs to record, whether by title, actor, director, genre or keyword. The Roamios offer recommendations on what's currently on, based in part of what other TiVo viewers are watching and have watched in that time slot in the past. The new devices also let you narrow what you see in channel-by-channel listings to just movies, sports or kids shows.

Some of the new DVRs will also come with the ability to watch live and recorded shows on iPhones and iPads. Before, a $130 device called TiVo Stream was needed. Streaming is initially limited to devices on the home Wi-Fi network. This fall, out-of-home viewing will be available through other Wi-Fi networks, such as at work, hotels and coffee shops. An Android app also is coming by early next year.

The mid-range Roamio model comes with enough storage for 150 hours of high-definition television and can record up to six channels at once. Besides built-in streaming, there's built-in Wi-Fi support to negate the need for TiVo's $90 adapter.

TiVo is touting the $220 savings as it tries to persuade people to spend $400 for that mid-range model, the Roamio Plus. It's an investment that also requires a $15-a-month TiVo service for electronic television listings and other features. A high-end Roamio Pro, which can store 450 hours of HD programming, is available for $600.

The $200 base model has 75 hours of storage and can record just four channels at once. It also lacks built-in support for streaming to iPhones and iPads. But the base model can record over-the-air broadcasts, while the pricier models require a TV signal from a cable service. (Satellite TV isn't supported on any of the devices. AT&T'S U-verse won't work either, but Verizon's FiOS will.)

TiVo, which is based in San Jose, Calif., has been steadily gaining subscribers over the past two years, after seeing its business decline amid competition from DVRs provided by cable and satellite companies. TiVo now partners with many of those companies, including Comcast Corp., to provide a premium DVR offering. It also sells stand-alone DVRs, such as the current Premiere line.

TiVo had 3.4 million subscribers as of April 30, a nearly 75 percent increase from 2 million two years earlier.

Gartner analyst Mike McGuire said the new TiVos will appeal to people who want to find shows easily, whether they come from a traditional channel or from an Internet service. Although cheaper rival devices are available, McGuire said some consumers will be drawn by TiVo's simplicity — especially if they are already paying for premium cable packages in multiple rooms.

The Roamio expands TiVo's push into multi-room experiences. You can buy a TiVo Mini for $100 upfront and $6 in monthly service fees to extend the functionality of the main TiVo into another room. Two family members can watch separate shows even though all the recordings are coming through the main TiVo. Although that capability was available before, the Roamio offers under-the-hood improvements in allocating resources.

Jim Denney, TiVo's vice president for product marketing, acknowledged growing competition from other television-viewing devices and services.

But in offering both traditional channels and Internet video, as well as features such as viewing away from home, the Roamio "should be the best TV experience you can get. . It's your content wherever you want."


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ABC, CBS news gaining with different approaches

NEW YORK — Evening newscasts on ABC and CBS are both gaining ground on market leader Brian Williams of NBC News, but that's one of the few things they have in common.

Behind Diane Sawyer, second-place ABC is making strides with a sleek "World News" that emphasizes the American family, news that hits home and the cultural zeitgeist. Scott Pelley has revealed himself to be a traditionalist at "CBS Evening News," leading a show weighty with significant national and international events.

NBC's "Nightly News" remains in first place, where it has generally been since the late 1990s except for a brief run by Charles Gibson at ABC. The Nielsen company said NBC's viewership is down from last year while ABC and CBS are up, with ABC in July winning a week among the key 25-to-54-year-old demographic for the first time since 2008.

Despite decades-long prophecies of doom, network evening newscasts remain a vital part of television's landscape, collectively reaching more than 22 million people each weeknight. Often, Williams' newscast is more popular than NBC's prime-time programming.

Now there's a creative push to distinguish broadcasts that once seemed interchangeable.

"We recognize the environment has changed very significantly," said James Goldston, ABC's senior vice president of news. "The days when an evening newscast can act as a digest of the day's news are gone."

What's happening in the evening is similar to the morning, in terms of content. ABC's "Good Morning America" has swept past NBC's "Today" with a breezy show on the tip of pop culture and hosts that ooze chemistry. CBS remains in third, but has gained ground since it stopped trying to imitate its rivals.

The most visible recent sign of the different approaches came not in the evening but a few hours before. On July 22, when Britain's Prince William and Kate Middleton became parents for the first time, ABC cut away from regular afternoon programming for more than an hour to talk about the birth, coverage that featured Barbara Walters.

CBS didn't bother with a special report, a judgment that stood out more because NBC did the same as ABC. Pelley reported the story on the evening news.

CBS News President David Rhodes quipped that "it wasn't the Second Coming."

"We tried to not completely lose our minds covering it," Rhodes said. "I don't think we were making a statement. I think the others were making a statement about themselves by doing it."

Goldston is fine with that. ABC has stayed on the story, airing a "World News" report last Wednesday featuring Prince William talking about the experience of being a new dad.

"Millions and millions of people in America were interested in the birth of the royal baby," he said. "It's news. We just report the news."

Day-to-day, the differences are more muted. In 13 of 23 weekdays in July, the two evening newscasts led with the same story, according to news consultant Andrew Tyndall. On some of the days they diverged, ABC picked stories with more populist appeal. One day, ABC led with weather and forest fires, while CBS started with Egyptian politics. ABC led another day when the women kept imprisoned in a Cleveland home released a video message; CBS had a follow-up report on the San Francisco plane crash. On July 24, CBS began its broadcast with economic news, while ABC opened by reporting the name of William and Kate's baby.

Getting beyond the day's obvious headlines is where different priorities emerge.

ABC frequently airs detailed reports by Paula Faris that give concrete advice on how families can find savings; she recently talked about trimming fees included in home sales and costs related to sending someone off to college. The "Real Money" series is less "news" than practical advice.

Sawyer's daily "Instant Index" has voiceovers on stories like a study on successful marriages and soda companies defending the use of sugar substitutes. She's shown YouTube-worthy clips of a panda bear mom welcoming back her baby and a confused grandmother throwing her drink at a bride instead of confetti.

"At the end of the broadcast, people not only feel empowered, smarter and enlightened, they know some of the things going on in the world that are interesting, that people are talking about," said Michael Corn, "World News" executive producer.

At CBS, "we like to have news all the way through the broadcast," said Patricia Shevlin, executive producer. That doesn't mean all protein and no garnish: the panda clip ran on CBS, too. Yet while ABC played up a tearful Jennifer Garner and Halle Berry testifying in favor of a California law restricting paparazzi, CBS ignored the celebrities.

Tyndall's content analysis also illustrates priorities. For instance, ABC spent twice as much time as CBS on winter weather stories and liked tales of lottery winners. CBS has given roughly four times the airtime to stories on gun control than ABC, with more than twice the coverage of Syria. CBS spent 47 minutes on federal budget squabbles and the sequester to ABC's 18 minutes.

"I don't think people watch CBS News because of cooking and concerts and royal updates," Rhodes said. "They do watch us for Washington news, international coverage, health and science."

CBS' viewership is up 7 percent this year to 6.4 million people per episode, Nielsen said. CBS is down 2 percent, however, among that 25-to-54-year-old demographic. That indicates "CBS Evening News" is winning back many traditional viewers — the people who once watched Walter Cronkite, not just read about him — more than gaining new ones.

ABC's audience is up 3 percent to 7.6 million, while NBC is down 2 percent to 8.4 million.

Goldston said ABC works under the assumption that most viewers know the headlines when they tune in and are looking for something new. ABC emphasizes its own exclusives, leading "World News" last month when Robin Roberts interviewed a juror in the George Zimmerman trial and last week shuffling the broadcast at the last minute for a Brian Ross report on drone strikes in Yemen.

Shevlin said CBS hopes vivid reporting can take viewers inside the news of the day — sometimes literally, as Pelley hits the road on big stories.

"We have more than 140 characters," she said.

___

EDITOR'S NOTE — David Bauder can be reached at dbauder@ap.org or on Twitter @dbauder. His work can be found at http:bigstory.ap.org/content/david-bauder.


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Medical marijuana pot deadline near

Written By Unknown on Senin, 19 Agustus 2013 | 20.25

People who want to open medical marijuana dispensaries in Massachusetts have until Thursday to hand-deliver their initial application to the state Department of Public Health.

"The Department has created a solid regulatory framework for this new industry, and now we are ready to move forward with the competitive application process," DPH Commissioner Cheryl Bartlett said in a press release.

"We are committed to a fully transparent process that respects patient needs, while ensuring safe communities."

The law, approved by voters last November, allows for up to 35 dispensaries in the state.

The dispensaries will provide marijuana for people with certified medical conditions such as cancer, Parkinson's disease and AIDS.

The state has enacted a two-step application procedure to select dispensary operators.

In the first phase, regulators will review each applicant's financial viability and conduct background checks.

Applicants must report if any member of their organization has been subject to a felony drug conviction.

Those who clear the initial screening can move on to a second phase where a selection committee will review final applications.

Prospective marijuana dispensaries must pay a $1,500 fee as part of the Phase 1 application. If they qualify for Phase 2, they will have to pay an additional $30,000. Both sets of fees are non-refundable.

Dispensaries that are selected must pay another $50,000 annual fee for a state-approved Certificate of Registration.

"The application and patient registration fees that DPH has put into place are in line with other states and will be affordable to patients," Bartlett said in a statement. "Dispensaries will be required to pay their fair share to support this program, so we do not rely on taxpayer resources."

DPH will use the fees to meet the program's operational needs, including hiring staff and training inspectors to monitor the industry.

DPH also will develop an online system for registering and auditing for participant eligibility.

The law is required to be revenue-neutral, and fees are expected to cover all estimated operating costs.

Herald wire services contributed to this story.


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A look at smartest back-to-school gadgets

From handy personal assistants to laptops with double the speed of a year ago, the hottest new digital tools can take the sting out of going back to school.

If you're a college student looking for a laptop: Remember Haswell. It's the code name for Intel's latest line of processors, the fourth generation Intel Core series. This processor not only makes the computer ultra-fast, but also extends the battery life with no tradeoff in performance.

Waiting a few weeks will give you more choices, because these machines are just starting to come out. But if you need something now, try the Acer Aspire S7 touchscreen, which comes with Office 365 University edition. The $1,259 price at the Microsoft Store is discounted for students.

Apple fans, have no fear, because the 2013 MacBook Air also includes Haswell. Ranging from just south of $1,000 for the 11-inch version to $1,249 for the 13-inch, the MacBook Air comes with a $100 App Store credit for students.

This is the first year since Apple's trailblazing tablet exploded onto the scene in 2010 that I can't recommend it as a note-taking and textbook-reading companion. Any iPad you buy now will take a quick nosedive in value, with a new generation due to be announced this fall. Also, the experience — and the price — of attaching a keyboard accessory to the iPad is simply not worth it.

If bringing a laptop to class is a hassle, invest in a Microsoft Surface with a keyboard cover. In fact, if you aren't a gamer or graphic designer, consider the Surface RT as a budget-friendly replacement for a laptop and tablet. At 1.5 pounds, buy the Surface RT with the so-called Type Cover for a total of $479.

The iPad is a fine textbook reader, but here's a secret: The Kindle Paperwhite, for a fraction of the price at $139, is the best pure e-reader on the market and will give your eyes a rest with its front-lit, glare-free screen — and with a whopping 8 weeks of battery life.

Now that you're ready for class, the only hurdle is getting there. For that, I direct iPhone users to the new iOS personal assistant app, Donna. Though geared toward busy professionals, it works as well for those pesky 8 a.m. classes. Simply input your schedule to the calendar, and good ol' Donna will tell you when to leave and how to get there — depending on whether you bike, walk or drive.

Smartphone shoppers should look no further than the Nokia Lumia 1020 from AT&T, now at $199 with a two-year contract. Take professional-quality photos of all those exciting new experiences. And please, send them to your parents. They did, after all, drop a ton of cash on your spoiled, digitally decked-out self.


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California city becomes rarity: a 2 newspaper town

LONG BEACH, Calif. — The latest experiment in American journalism is a throwback: a new daily newspaper to compete against an established one in a big city.

The front page of Monday's debut edition of the Long Beach Register featured stories under the headlines "Welcome to your new local paper" and "A glimpse into Long Beach's future."

With the newspaper, the ambitious owners of the Orange County Register are expanding their bet that consumers will reward an investment in news inked on paper and delivered to their doorsteps — that their newspaper will be a big part of Long Beach's future.

The competition is the Long Beach Press-Telegram, founded more than a century ago.

As a result of the budding newspaper battle, this city of 468,000 is joining the likes of Chicago, Philadelphia and Boston as what has become a rarity in 21st century America — the two newspaper town. Never mind shrinking circulations and online news migration.

"We believe that a city with the size and vibrancy of Long Beach should be happy to support a great newspaper of the variety we want to provide," said Aaron Kushner, who since buying the Orange County Register a year ago with a partner has surprised industry watchers by expanding reporting staff and page counts. "If it is, we'll make healthy money. If it's not, that'll be unfortunate for everyone. But we believe we'll be successful."

By launching the Long Beach Register, Kushner, publisher of the Register and CEO of Freedom Communications, is taking his contrarian instincts outside Orange County.

Media business analyst Rick Edmonds said the last time he can recall a major U.S. city adding a new daily paper was around World War II, when Chicago got the Sun-Times and New York got Newsday. There have been scattered other instances in smaller cities, but since newspapers entered their recent troubles, the creation of a new rivalry is itself news. A brewing newspaper war in New Orleans between that city's Times-Picayune and a challenger based about 80 miles away in Baton Rouge, La., is the closest to what's unfolding in Long Beach.

"How will it play out?" asked Edmonds, of the Poynter Institute, a journalism foundation in St. Petersburg, Fla. "Don't really know until it happens."

Long Beach is a diverse city better known for its sprawling container ship port — one of the world's largest — than its beaches.

While its oceanfront drive features a large aquarium and the historic Queen Mary ocean liner, it also has big city problems including gangs. Bordering Orange County's urbanized north, it is in Los Angeles County, about 20 miles south of downtown LA.

In their small, sunlight-flooded newsroom, reporters for the new Register were greeted Thursday by two boxes of doughnuts and the kinds of issues that bedevil startups: who sits where, how come this outlet has no power, and how to get an Internet connection?

After a round of introductions, editor Paul Eakins told his staff that with at least 16 pages to fill each day, the paper would both cover "hyperlocal" news and welcome contributions from readers. In all, the paper has about 20 editorial employees.

Write about a boy becoming an Eagle Scout? Yes. Opening of the new dog park? You bet.

"I don't think they quite know what's coming," Eakins said of readers.

On Monday, 10,000 copies are being distributed, publisher Ian Lamont said. The paper will be wrapped around the Orange County Register, so readers will get coverage of Long Beach's schools, sports, courts, happenings and City Hall — plus news from around the region and world. There will be no separate Long Beach paper on weekends.

By contrast, the Press-Telegram maintains an average weekday circulation of about 55,000.

Several reporters at the Long Beach Register are Press-Telegram alums, and though Eakins downplayed any rivalry, at the staff meeting there were gentle jabs about besting an old employer.

For their part, the Press-Telegram's bosses are giving no ground.

"We're not going to let a competitor come into our city and take it," said Michael A. Anastasi, vice president of news and executive editor of the Los Angeles News Group, which owns the Press-Telegram and eight other daily papers in the area.

The competition's certain winners, Anastasi said, will be local residents.

___

Follow Justin Pritchard at https://twitter.com/lalanewsman


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Late NC businessman's Ferrari auctioned for $27M

LOS ANGELES — A rare 1967 Ferrari owned by a North Carolina orphan-turned-millionaire sold at auction for $27.5 million.

The red Ferrari was one of only 10 ever built, and its single-family ownership increased interest in the sale, the Los Angeles Times reported.

The owner, the late Eddie Smith, was a former mayor of Lexington, N.C. He died in 2007 at age 88. Since then, the car has been stored in a specially built garage.

"This is a bittersweet moment for us," Eddie Smith Jr. told a packed crowd before bidding began Saturday. "Ferraris came and went, but this one never went, thank God. We enjoyed it as a family for 45 years."

The sale of the Ferrari 275 GTB/4(asterisk)S N.A.R.T. Spider was handled by RM Auctions in Monterey. N.A.R.T. stands for North American Racing Team, a Ferrari-backed venture created in the late 1950s to promote the brand in the U.S.

Smith Jr. advised the new owner to "drive it, love it, enjoy it, and more importantly share it with others so they can see it." The auction house has not disclosed the new owner.

In keeping with his father's philanthropy, the family was giving all proceeds to various charities, Smith Jr. said.

Smith Sr., who became wealthy from a mail-order company he started, was a beloved figure in Lexington. Mayor from 1970 to 1975, he also led hospital, college and chamber of commerce boards.

The avid car enthusiast owned several Ferraris, but the 275 N.A.R.T. Spider was his favorite because he loved the look, sound and feel of it, Smith Jr. told The Dispatch of Lexington.

"Dad wouldn't want the car to be shut away, he would want it to be enjoyed," he said. "Even when the value reached went over a million dollars, he would still drive it."

The 275 N.A.R.T. Spider was featured in the 1968 film "The Thomas Crown Affair," the Los Angeles Times reported.


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Al-Jazeera America prepares for Tuesday launch

NEW YORK — In a warren of offices at a former bank building near Madison Square Garden, dozens of journalists are at work on gleaming new electronic equipment, ready to turn their test runs of Al-Jazeera America into the real thing.

The Qatar-based news organization will finally establish a firm foothold on American television Tuesday after a decade of trying. At 3 p.m. EDT, Al Gore's former Current TV will turn out the lights in more than 45 million TV homes, replaced by the new U.S. affiliate of Al-Jazeera.

The network has hired many veterans of U.S. television, including John Seigenthaler, Joie Chen, Antonio Mora and Sheila MacVicar, and is promising a meaty diet of news that it believes will contrast with the opinionated talk that dominates American news networks.

"We're breaking in with something that we think is unique and are confident, with our guts and some research, that the American people are looking for," said Kate O'Brian, the former ABC News executive who is now Al-Jazeera America's president.

The dozens of flat-screen TVs and occupied desks scattered around marble pillars in AJA's New York office indicate this is no cheap startup. And this is temporary; the network is looking for a larger office in New York but wanted to start quickly after buying out Current in January. Bureaus are also being established in 11 other American cities.

Until Al-Jazeera America revealed a prime-time schedule last week, there were few indications of what the network would look like. Scheduled shows include a nightly newscast anchored by Seigenthaler, a newsmagazine hosted by Chen, a news talk show with Mora and a business program starring Ali Velshi.

It's still not clear what will be shown in the mornings and whether much of the broadcast day will be devoted to documentary-style programming or live news.

With its domestic bureaus, AJA will seek out stories beyond the towers of New York and government buildings in Washington, said Ehab Al Shihabi, the network's interim CEO. Besides those two cities, bureaus are located in Los Angeles, San Francisco, Dallas, Detroit, Chicago, Denver, Miami, Seattle, Nashville, Tenn., and New Orleans.

"I am here because the promise of doing good work is just exceptional," said David Doss, a veteran of ABC, NBC and CNN who is Al-Jazeera America's senior vice president of news programming.

Al-Jazeera is well-established overseas, and the American network will take advantage of its 70 bureaus. But executives have been careful to stress that AJA will be geared toward American tastes. They have a careful line to walk: Al-Jazeera doesn't want to remind Americans of when Bush administration officials questioned its independence in the months after the terrorist attacks, and the years when American cable operators wanted nothing to do it. Tight security is evident at the New York office. A visitor last week needed to go through an airport-style metal detector and be checked by two guards.

The American launch has caused some internal dissension. A memo to his bosses from Marwan Bishara, an Al-Jazeera political analyst, suggested that executives have gone too far to ingratiate themselves with a U.S. audience. "How have we moved from the main idea that the strength of (Al-Jazeera) lies in the diversity, plurality and even accents of its journalists to a channel where only Americans work?" Bishara wrote, his memo made public by The Guardian newspaper in England.

Bishara said that asking potential viewers in a poll whether they consider Al-Jazeera to be anti-American sends a bad message.

Bishara worries that Al-Jazeera will water down its journalism for an American audience, "and nothing could be further from the truth," said Paul Eedle, deputy launch manager. Being bold — not bland — is the secret to success, he said.

The Al-Jazeera English network, which has disseminated its programming online and over some widely scattered cable systems during the past decade, is generally straightforward in its news coverage, said Philip Seib, a professor of journalism and public policy at the University of Southern California, who has written a book about Al-Jazeera.

"That's what's encouraging about Al-Jazeera America," Seib said. A focus on technology and science-oriented programs indicate an effort to reach smart, younger viewers, he said.

Dave Marash, a former Al-Jazeera English reporter, said he believes that AJA will be able to produce the solid news reporting it is counting on to distinguish itself from its competition.

"Almost all of their hires are respectable people with real careers and real records," Marash said. "Several are flat-out outstanding — Sheila MacVicar is outstanding. I'm optimistic."

AJA will be available in less than half of American homes at its launch. The Time Warner cable system, for example, dropped Current when the sale was announced. AJA is negotiating with Time Warner and carriers like Cablevision that didn't carry Current in the first place, to get in more homes. But people at the network expect a wait-and-see period.

Another handicap is the channel's location on cable systems. Current was often given a high-numbered channel that makes it much less likely that viewers would find it by chance; AJA said it is working to improve that.

Even with Al-Jazeera rarely available on TV in the U.S., the Al-Jazeera English network had a substantial following online. But that will end; as a condition of being carried on cable systems, Al-Jazeera will no longer be able to send out a live Internet stream of its programming.

That seems unwise, Marash said. Essentially, Al-Jazeera will be trading a young and growing audience online — the distribution form that best represents the industry's future — for a smaller, older television audience, he said.

"None of this makes any sense unless you talk about it in the context of ego," Marash said.

AJA has said little about its online plans. Al Shihabi said the company's goal is to get near-universal carriage on television, making the worries about the online audience moot.

"We are not coming here to compete," Al Shihabi said. "We are coming here to win."


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