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OSHA fines Avon co. in death

Written By Unknown on Sabtu, 26 Oktober 2013 | 20.25

The U.S. Occupational Safety & Health Administration has fined an Avon construction company $21,560 for four "serious" safety violations after the death of one of its workers at a Plymouth job site in July.

Diaz Construction Co. worker Jason Faria was crushed to death when a concrete form, to which the 26-year-old Fall River man was harnessed, came loose and fell on him at The Pinehills residential community in Plymouth, where the Mirabeau Inn & Spa was under development.

Diaz Construction failed to frequently and regularly inspect the Plymouth job site and materials and equipment used there — including the concrete formwork for stability prior to workers climbing on them — according to OSHA.

"We're working with the company in terms of mitigating unsafe practices," OSHA spokesman Andre Bowser said.

Diaz Construction president Leonel Diaz could not be reached, and his attorney declined comment. Faria's parents also couldn't be reached for comment.

The construction company also failed to adequately train Faria in hazards associated with improper anchorage and installation of the formwork systems, according to another OSHA violation, each of which includes a $5,390 fine.

The formwork also wasn't erected properly and failed when Faria climbed on it, causing it to roll over, according to OSHA. "The form wasn't installed properly using the right fastening systems, which would have been provided by the manufacturer," Bowser said. "Therefore it was not able to sustain the loads imposed upon it."

Diaz Construction's job site also did not have the required drawings or plans for the jack layout, formwork, shoring equipment, working deck and scaffolds, OSHA said.

Diaz construction previously had been cited by OSHA for 19 safety violations totaling $46,000 in initial fines — 15 of which were deemed serious violations — since 2005, according to OSHA records.

OSHA has scheduled a meeting next week to allow Diaz Construction to contest the violations.


20.25 | 0 komentar | Read More

Hoffa files charges vs. Hub Teamsters chief

Teamsters president James Hoffa will file charges against Boston-based Local 25 president Sean O'Brien for allegedly threatening to punish backers of rivals running against his allies in a Rhode Island union election.

Hoffa will appoint a panel from the Teamsters' executive board to hear the charges, according to John J. Cronin Jr., administrator for the Independent Review Board, which is charged by a federal court order to investigate allegations of corruption, domination or control in the Teamsters. "They also have the option of submitting an agreement to resolve the charges," Cronin said.

The IRB last week recommended charges against O'Brien — New England's top Teamsters leader — for allegedly threatening to retaliate against Teamsters for a Democratic Union members for exercising federally protected "rights to seek election to office and support the candidates of one's choice."

O'Brien told attendees at a campaign event for Joseph Bairos, the incumbent secretary-treasurer of East Providence-based Local 251 who's up for re-election, that anyone who "takes on" Bairos and his team "need to be punished, and they need to be held accountable for their actions."

O'Brien also is a regional Teamsters vice president and president of a council that settles disputes for New England locals. His spokeswoman declined comment.

A spokesman for Hoffa also declined comment. Hoffa has 90 days to hold a hearing on the charges and forward a report with any recommended penalties to the IRB. If the IRB approves the recommendations, it will file them with a U.S. District Court judge for sign-off. Penalties could range from a reprimand to expulsion.


20.25 | 0 komentar | Read More

The Ticker

JPMorgan to pay $5.1B to Fannie, Freddie

JPMorgan Chase & Co. will pay $5.1 billion to resolve claims over faulty investments sold to mortgage giants Fannie Mae and Freddie Mac in the lead-up to the financial crisis.

The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal late yesterday.

The $5.1 billion is part of a total $13 billion settlement between JPMorgan and the federal government that has been in the works and which could be announced in coming days.

Chicken salad made by Hub co. recalled

Nearly 223,000 pounds of chicken salad made by a Boston company has been recalled.

The U.S. Department of Agriculture's Food Safety and Inspection Service said the chicken salad made by Boston Salads and Provisions Company Inc., is possibly contaminated with listeria.

The products were made between Aug. 23 and Oct. 14 for sale to retail locations in Massachusetts and New Hampshire.

They carry the brand names Boston Salads; Dietz & Watson; Market Source; Price Chopper; Northern Haserot; and Rachael's Gourmet.

No illnesses have been reported due to consumption of the chicken.

Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions sometimes preceded by diarrhea or other gastrointestinal symptoms. It is particularly dangerous to pregnant women, the elderly or those with weakened immune systems.

Comcast adds bare-bones package

Comcast is offering a new bare-bones service package with a twist: it will also include HBO.

With Comcast Internet Plus, customers can get limited TV service with 20 channels and video on demand (via a set-top box), 25 Mbps broadband, and Comcast's Streampix streaming video service. But the $40-$50 national package will also include access to HBO — as well as HBO GO for on-the-go viewing.

  • J Barrett & Company announced that Mary Cayer has joined the agency in its Ipswich office.
  • Newfound Research LLC announced that John Mannix will join the firm as executive vice president of sales and marketing. Mannix brings more than 22 years of financial services industry experience to the position.
  • Sam Balooch has joined Spireon's executive team as the chief information officer with more than 20 years of experience working for and leading IT departments for a broad range of companies. Balooch is responsible for directing the company's Network Operations Center, cloud-based infrastructure, data architecture, business and support systems, and the internal help desk.

20.25 | 0 komentar | Read More

Another month of fixes for health care website

WASHINGTON — It should be working well by the end of November. That's the Obama administration's rough timetable for completing a long list of fixes to HealthCare.gov, the new, trouble-plagued website for uninsured Americans to get coverage.

Summarizing a week's worth of intensive diagnostics, the administration acknowledged Friday the site has dozens of complex problems and tapped a private company to oversee fixes.

Jeffrey Zients, a management consultant brought in by the White House to assess the extent of problems, told reporters his review found dozens of issues across the entire system. The site is made up of layers of components that are meant to interact in real time with consumers, government agencies and insurance company computers.

It will take a lot of work, but "HealthCare.gov is fixable," Zients declared.

The vast majority of the issues will be resolved by the end of November, he asserted, and there will be many fewer screen freezes. He stopped short of saying problems will completely vanish.

The troubles have been nightmarish for the White House, which had promoted enrollment to be as simple as making a purchase on Amazon.com. This week, President Barack Obama declared himself frustrated by the setbacks while still trumpeting the benefits of the health care law and encouraging consumers to apply by phone if the website proved a hindrance.

In his weekly radio and internet address Saturday, Obama vowed that "in the coming weeks, we are going to get it working as smoothly as it's supposed to." In the meantime, he encouraged the public to call 1-800-318-2596 or visit LocalHelp.HealthCare.gov.

"We're only a few weeks into a six-month open enrollment period, and everyone who wants insurance through the marketplace will get it," he said.

As part of its effort to repair the system, the administration said it is promoting one of the website contractors, a subsidiary of the nation's largest health insurance company, to take on the role of "general contractor" shepherding the fixes.

Quality Software Services Inc. — owned by a unit of UnitedHealth Group— was responsible for two components of the government's online insurance system. One is the data hub, a linchpin that works relatively well, and the other is an accounts registration feature that initially froze and caused many problems.

HealthCare.gov was supposed to be the online portal for uninsured Americans to get coverage under Obama's health care law. Envisioned as the equivalent of Amazon.com for health insurance, it became a huge bottleneck immediately upon launch Oct. 1. The flop turned into an embarrassment for Obama and will likely end up as a case study of how government technology programs can go awry.

The briefing from Zients came a day after executives of QSSI and the other major contractor, CGI Federal, told Congress that the government didn't fully test the system and ordered up last-minute changes that contributed to logjams. Next week, Health and Human Services Secretary Kathleen Sebelius is scheduled to testify.

Visiting a community health center on Friday in Austin, Texas, Sebelius said that "in an ideal world there would have been a lot more testing" but added that her department had little flexibility to postpone the launch against the backdrop of Washington's unforgiving politics. House Republicans trying to defund the nation's health insurance program precipitated a government shutdown.

In the Republican address, Rep. Fred Upton of Michigan, the chairman of the House Energy and Commerce Committee, asked whether the problems evident now foreshadowed future troubles with the health care law.

"In a few short months, families across the country will be subject to penalties under the law's individual mandate," he said. "How can the administration punish innocent Americans by forcing them to buy a product many cannot afford, from a system that does not work?

Zients gave some new details about the extent of the problems, but administration officials are still refusing to release any numbers on how many people have successfully enrolled. Although 700,000 have applied for coverage through the new online markets, it's believed only a fraction of that number actually managed to sign up. Before the website went live, an administration estimate projected nearly 500,000 people would sign up in October alone.

The marketplaces are the gateway to obtaining health insurance under the new health care law, which requires most Americans to have coverage by Jan. 1. Middle-class people who don't have insurance on the job can purchase a private plan with new tax credits to make the premiums more affordable. Low-income people will be steered to an expanded version of Medicaid in states that agree to extend the safety net program.

The federal government is running the insurance markets or taking the lead in 36 states. The rest were set up by states themselves.

Consumers have until Dec. 15 to sign up for coverage to take effect Jan. 1. Under the law, pre-existing medical conditions will no longer be a barrier. But the markets also need lots of young, healthy customers to keep premiums affordable. Open enrollment season extends until Mar. 31.

Zients said almost daily fixes are already having an impact. For example, more than 90 percent of users can now complete one of the first steps, creating an account.

But the application process, which involves submitting and verifying personal information and income details, remains "volatile," he said. At one point, as few as one-third of users were getting through that part.

Zients said there are two big categories of problems. Performance issues involve the speed and reliability of the website. Functional issues are bugs that keep the software from working as intended. Among the high-priority issues is that insurers are getting enrollments with incomplete, incorrect or duplicative information.

___

Online:

Obama's address: http://www.whitehouse.gov

Republican address: http://www.gop.gov


20.25 | 0 komentar | Read More

For Obama, health care woes may have staying power

WASHINGTON — For nearly five years, Republicans have struggled to make a scandal stick to President Barack Obama's White House.

One by one, the controversies — Solyndra, Benghazi, Fast and Furious, and others — hit a fever pitch, but then faded away.

But some Republicans see the disastrous rollout of Obama's health law as a problem with the kind of staying power they have sought.

The health care failures are tangible for millions of Americans and can be experienced by anyone with Internet access.

The law itself is more closely associated with Obama personally, and long has been unpopular with the public.

The longer the technical problems persist, the more likely they are to affect the balance of enrollees needed in the insurance marketplace in order to keep costs down.


20.25 | 0 komentar | Read More

The Ticker

Written By Unknown on Jumat, 25 Oktober 2013 | 20.25

Bloomberg: Red Sox value ranks third

Bloomberg News, taking a page from Forbes' playbook, has estimated the 2012 valuations for all 30 MLB franchises. Tops are the New York Yankees with an estimated worth of $3.3 billion, and then come the Los Angeles Dodgers at $2.1 billion. The Red Sox rank third at $2.06 billion, just ahead of the New York Mets at $2.05 billion. In all, 10 teams are tabbed as having valuations of at least $1 billion, and the average across all 30 clubs is a tidy $1 billion.

Dunkin' Brands third-quarter profit soars

The operator of Dunkin' Donuts and Baskin-Robbins stores said yesterday that its net income jumped 36 percent, as revenue from established U.S. locations got a lift from strong beverage and breakfast sandwich growth.

But earnings fell short of expectations, and the company said it will probably hit the low end of its 2013 forecast due to write-downs on investments in Spain.

Dunkin' Brands Group Inc. said it earned $40.2 million, or 37 cents per share, in the three months that ended Sept. 30, up from $29.5 million, or 26 cents per share, in last year's quarter.

Microsoft reports record sales

Microsoft yesterday reported record sales of $18.5 billion for its fiscal first quarter, with net income jumping by a healthy 17 percent from a year ago to $5.2 billion.

It recorded a 10 percent increase in corporate software sales, a 47 percent jump in search-related ad sales, and increased sales of Microsoft's Surface tablet after a series of price cuts.

But revenue generated from Microsoft's flagship product, Windows, fell by 7 percent in the quarter compared with the same period a year ago. Compared with the great success of Windows 7, the company's Windows 8 operating system has proven a disappointment since its release last October.

Today

 United Parcel Service Inc. reports quarterly financial results before the market opens.

 DTZ, a global property services firm, announced the promotion of senior vice president Rory Murray, left, to executive vice president in the company's Boston office. A member of the DTZ family for more than 13 years, Murray works with senior DTZ staff to provide best-in-class strategic development as well as implementation of long-term real estate plans.

 Physicians Interactive Holdings Inc., a provider of online and mobile clinical resources and solutions for health care professionals, announced the addition of John de Souza, the CEO and founder of MedHelp to its board of directors.


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ClimateĆ¢€™s changed at National Grid

Delivering clean, reliable, affordable energy well into the future is one of the greatest global challenges, National Grid CEO Steve Holliday told executives in Boston yesterday.

"Based on trends over the last few years, 2012 was supposed to be the year when investment in renewables globally surpassed fossil fuel generation for the first time," Holliday said during a speech before the Boston College Chief Executives' Club of Boston. "That didn't happen. Investment in fossil fuel generation started to increase again at the same time global renewable investment dollars tailed off, partly as a result of a drop in wind and solar generation costs."

The utility is "fundamentally changing how we operate" to address four areas of the global energy challenge: aging infrastructure, a revolution in energy supplies, extreme weather conditions, and an aging workforce and skills gap, according to Holliday.

The revolution in energy sources is being driven by aging power stations and wires, a growing realization of the impacts of climate and the need to reduce carbon emissions, and shale gas, according to Holliday.

The impacts of increasing extreme weather on National Grid were evident in 2011, when it "learned some hard lessons" responding to Hurricane Irene and an October nor'easter. "Our ... restoration efforts were, frankly, disappointing," Holliday said. "Our planning didn't account for the magnitude of the logistical challenges hitting our electricity and gas networks simultaneously, across three states and numerous regions. We now look at future scenarios, which include events we haven't seen before, to make sure we are better prepared."


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Feds give $20.5M grant to aid Dorchester plan

A $100 million redevelopment in Dorchester that includes housing, a food business startup incubator and other improvements will revitalize the Quincy Corridor neighborhood and be the model for future such projects across the city, local and federal officials said.

The Quincy Corridor Choice Neighborhood Transformation Plan, fueled by a $20.5 million grant from the federal Department of Housing and Urban Development, will completely transform a four-block stretch, according to Jeanne DuBois, executive director of the Dorchester Bay Economic Development Corp.

"Today marks the start of a new era for your neighborhood," Mayor Thomas M. Menino told the crowd of people yesterday gathered outside the former Pearl Meat factory, which will become an incubator for small food businesses that are expected to create new jobs in the area. "This grant is so important to this neighborhood, it's not just about a building," said Menino. "It's how you build people's opportunities."

The project includes redevelopment of the Woodledge/Morrant Bay HUD housing development into 129 affordable family homes, and a "maker space," to connect residents with high-tech skills.

"All of a sudden you're going to see all this activity," DuBois said. "It's going to feel like more of an urban village."

HUD Secretary Shaun Donovan said of the five cities nationwide awarded the Choice Neighborhood grant, Boston is the first to implement its plan.

"What we saw was a deep partnership that had been working in this neighborhood for years with a very clear vision of how to bring all the pieces together," Donovan said. "We want to replicate it all over the country."

That vision of a revitalized neighborhood without gentrification and exorbitant home prices, DuBois said, should be followed in other parts of Boston, as well. The plan initially called for more housing units, but it changed once community residents said job-creating facilities, such as the food incubator, were crucial.

"If you really listen to people in the neighborhood, it's about their quality of life," she said.

Menino said the key is to target development both for current and future residents.

"The most important thing is to continue to rebuild these neighborhoods so people can continue to live in them," he said. "It's time for all of us to make sure the results are there for the community. We have to invest in people."


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Hub home inventory way down this fall

A year ago housing inventory levels statewide were down 17 percent from the previous year. Well, here we are a year later and things are pretty much the same — which isn't necessarily a bad thing. That is, unless you're a buyer looking to find a home in the city of Boston.

The fall market is typically the second busiest time of the year for real estate transactions after the spring market. Yet where is the inventory? According to Otis & Ahearn Real Estate, the downtown Boston market currently has 328 units versus 531 units at the same time last year, which is a decline of 62 percent. At the same time, the average price of sold units year to date is $727,457, up from $660,864 last year. That's a 9 percent gain. The downtown market includes these neighborhoods: Back Bay, Beacon Hill, Bay Village, East Cambridge, Charlestown Navy Yard, Chinatown, Fenway, Financial District, Leather District, Midtown, North End, South Boston, South End, Seaport, West End and Waterfront.

So where is the inventory? Private sellers seem to be more hesitant to put their homes on the market, as they have no place to go. And with an abundant supply of new development inventory just a few years ago, developers who put the brakes on projects then for various reasons, including lack of financing, are now trying to play catch up. But that will take time.

With the last new building selling out at a record pace (Millennium Place in Downtown Crossing), there's not much left on the horizon for new inventory. The bulk of inventory currently being built is to be leased and not sold, although that could change as developers see the continued need for new supply. In any case, the time frame for these projects to be built is anywhere from 30 to 48 months from breaking ground to obtaining their certificates of occupancy, so any new inventory should come in about three years.

"In the downtown market there is only 1.5 months of supply inventory," said Kevin Ahearn, president of Otis and Ahearn. "Since 2004, the city has lost 1,100 units of sales priced at under $500,000." To this end, says Ahearn, "the city and the Boston Redevelopment Authority (BRA) are working to promote both higher density and height construction to help with this lack of lower priced inventory."

Two of the three strongest city markets (Back Bay and South End) have just 138 units between them, according to information gathered from the Multiple Listing Service Property Information Network.

Surprisingly, other than the latest bit of sluggishness in the market due to the government shutdown, which sparked a bit of fear with consumers, the market has held steady here in Boston.

According to Ahearn, "The city of Boston should have a record year in terms of overall number of transactions (with the exception of 2004 and 2005) since 1998."

Charlie Abrahams is a licensed real estate agent in Boston who works with buyers and sellers and can be reached at: Bostonrealestate@charlieabrahams.com.


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John Henry takes reins at Boston Globe

Red Sox owner John Henry officially took over The Boston Globe yesterday, right after a Worcester judge lifted a temporary restraining order that had blocked the $70 million cash deal since last Friday.

"The sale has been finalized," said Globe spokeswoman Ellen Clegg.

The deal had been on hold after a ruling by Worcester Superior Court Judge Shannon Frison in a class-action lawsuit brought by newspaper carriers at the Worcester Telegram & Gazette.

The four named carriers in the suit had argued they were wrongly classified as independent contractors and were owed mileage and expenses, which could add up to as much as $60 million for the approximately 1,500 carriers, according to court documents.

Henry's deal, which was completed within about an hour of the release of the judge's decision, includes the Globe, Boston.com, the Telegram and all related properties, including the broadsheet's Dorchester headquarters, seen as the most valuable asset.

Henry has been tight-lipped about his short- and long-term plans for the Globe, but has frequently visited the news plant.


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Duke of Windsor's Cadillac coming to NYC auction

Written By Unknown on Kamis, 24 Oktober 2013 | 20.25

NEW YORK — A 1941 Cadillac custom-built for the Duke and Duchess of Windsor is heading for a New York City auction.

Dubbed "The Duchess," the limousine features rose-colored broadcloth upholstery, four jewelry cases and three cigar lighters.

It's estimated to fetch between $500,000 to $800,000. It is being sold Nov. 21 by Sotheby's and RM Auctions.

General Motors delivered the limo to the Windsors at the Waldorf Astoria, where they had a suite. The duke paid $14,000 for it.

One of the first Cadillacs to have power windows, it's fitted with satin privacy curtains.

It's being sold with the car title bearing the duke's signature.

The current owner is a Birmingham, Ala., food critic and Cadillac collector. Morgan Murphy found it in a barn next to a tractor in Texas in 2005.


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Kelly car dealers tops to work for

Five of Kelly Automotive Group's Massachusetts stores are among the 100 best dealerships to work for in North America, according to the most recent edition of Automotive News.

Dealer Brian Kelly's Nissan stores in Lynnfield and Woburn, his Honda store in Lynn, and his Infiniti and Volkswagen stores in Danvers all made the short list of the nation's pre-eminent newspaper covering the automotive industry.

"We try to take good care of our employees, and they take care of the customers," Kelly, 61, told Automotive News.

Brian Heney, director of operations for Kelly Automotive Group, said its 400 employees enjoy good benefits, flexible hours and upward mobility within the company.

"It's a great recipe for a good workplace and a successful business," Heney said. "If our employees are happy, we'll have happy customers."


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John Connolly, Martin Walsh appeal to CEOs

Boston's mayoral candidates made their cases to business leaders yesterday, emphasizing their strengths and plans for the city, but hitting on many of the same points — even touting the same accomplishment.

Speaking in back-to-back addresses and question-and-answer sessions to the Alliance for Business Leadership's annual CEO Summit, state Rep. Martin J. Walsh and City Councilor John R. Connolly laid out their views of what the city needs for business to prosper, with plenty of overlap:

•  Both candidates stressed the importance of education. Both said students should have two paths after graduation: higher education or a vocation that can lead to a high-paying job, including in manufacturing. "The Boston public schools have to matter for everyone, especially the business community," Connolly said.

• Walsh and Connolly both said any benefits to business and the economy must be tied to middle class housing improvements, specifically changes in height and density restrictions. "We can't be afraid of going up," Walsh said.

• Both said they support raising the minimum wage, and creating a regional economy with surrounding communities.

• Each emphasized his part in bringing drugmaker Vertex Pharmaceuticals to the Seaport from Cambridge. Vertex founder and former CEO Joshua Boger, in the audience, said both had legitimate claims to the accomplishment, calling it a "consensus" move.

For business leaders, those similarities may not be a bad thing.

"Most all of us were very impressed by both," Alliance president James Boyle said. "They both seemed to be very bright and had obviously spent years reflecting how they could best contribute."

Still, there were some small but noticeable differences.

Asked what he could offer the business community that his opponent could not, Walsh spoke about his plan to fold economic agencies including the BRA, tourism bureau and the EDIC into one office.

"I have a vision to grow business in Boston," he said. "I've looked at the different aspects of it as far as creating new opportunities and retention of older businesses."

Responding to the same question, Natasha Perez, a spokeswoman for Connolly, said in a statement he "will not be obligated to a narrow set of interests. He will be a strong, independent mayor who will always put the city's interests first."


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TiVo enables viewing of recordings outside home

SAN FRANCISCO — TiVo is enabling a feature that lets people watch recorded movies and shows while they're away from home.

The feature comes with higher-end models of TiVo's Roamio digital video recorders, but wasn't working when the devices launched in August.

TiVo Inc. faces more competition than it did when its first DVRs came out in 1999. Among other things, cable and satellite TV companies are improving their own DVR offerings, while devices such as Roku, Apple TV and Google's Chromecast seek to simplify Internet streaming on TVs.

TiVo touts its DVRs as gadgets that offer both streaming services and recorded shows on the same device. The ability to watch recorded shows remotely helps Tivo differentiate its machines from generic cable company DVRs.

TiVo said that starting Thursday, users will be able to download a free app for iPhones, iPads and iPod Touch devices.

With it, people can stream shows from their DVRs while on a Wi-Fi network away from home, such as at a hotel or coffee shop. Over cellular connections, people must download the show first. It's possible to start watching before the download is completed, but there's a delay of several minutes. Instant streaming over 4G LTE cellular networks is coming in 2014.

Support for Android devices is also coming next year.

The new feature is available with the $400 Roamio Plus and the $600 Roamio Pro. Owners of the basic, $200 Roamio model and older TiVos will need a separate TiVo Stream unit, which costs about $130. Out-of-home streaming through the separate device won't start until November.


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US unemployment aid applications drop to 350,000

WASHINGTON — The number of people seeking U.S. unemployment benefits dropped 12,000 to a seasonally adjusted 350,000 last week, though the total was elevated for the third straight week by technical problems in California.

The Labor Department said Thursday that the less volatile four-week average jumped by nearly 11,000 to 348,250.

Weekly applications have been inflated for the past three weeks, largely because California has been processing a large number of applications that were delayed because of a computer upgrade. A government spokesman said the backlog in California affected last week's figures.

The 16-day partial government shutdown has also also lifted claims because a number of government contractors were laid off temporarily. A spokesman said the shutdown had little impact on last week's numbers. Furloughs of federal workers, however, are not included in the unemployment claims data.

Applications have declined for the past two weeks, suggesting California is working through its backlog. And in August, before all the distortions, applications had fallen to pre-recession levels. That indicated companies were cutting very few workers.

Falling applications for unemployment benefits are typically followed by more hiring. But in recent months hiring has slowed, rather than accelerated.

Employers added only 148,000 jobs in September, the government said Tuesday, down from 193,000 in August. The September jobs report was delayed 2 ½ weeks because of the shutdown.

Hiring has slowed since the beginning of the year: Job gains averaged 207,000 from January through March, but fell to 182,000 from April through June and dropped further to 143,000 from July through September.

And hiring likely weakened further in October. Government contractors temporarily laid off workers. Other companies, such as restaurants and hotels located near national parks that were closed, also likely cut jobs.

About 350,000 government workers were temporarily laid off during the shutdown, which ended on Oct. 16. Thursday's report showed that more than 44,000 laid-off federal workers applied for benefits in the week ended Oct. 12, the latest data available. That's down from 70,000 in the previous week.

Most federal workers will have to repay the benefits once they receive back pay, but that varies according to state law.

Many economists estimate the shutdown cut about $25 billion from the economy. Several have lowered their forecasts for growth in the October-December quarter by a half-point to an annual rate of 2 percent or less.


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College price hikes appear to be moderating

Written By Unknown on Rabu, 23 Oktober 2013 | 20.25

WASHINGTON — There's some good news on college tuition. Yes, the cost has gone up — but not as much in the past.

For in-state students at a four-year public college or university, published tuition and fees increased this year on average $247 to $8,893. That's a 2.9 percent increase — the smallest one-year increase in more than 30 years, the College Board said Wednesday in its annual report on college prices.

Out-of-state prices, as well as the costs to attend public two-year colleges and private institutions rose but they also avoided big spikes, said Sandy Baum, co-author of the report. These more moderate increases could lessen concern that an annual rapid growth is tuition prices in the new normal.

"It does seem that the spiral is moderating. Not turning around, not ending, but moderating," Baum said.

The average published cost for tuition and fees at a private college for the 2013-14 academic year was $30,094 — up $1,105. An out-of-state student at a public college or university faced an annual average price tag of $22,203, which is up $670. The average price tag for an in-state student to attend a two-year institution was much less at $3,264 — up $110.

Most students don't actually pay that, though. There are grants, tax credits and deductions that help ease the cost of going to college. About two-thirds of full-time students get grants, most from the federal government.

But, in the two years leading up to the 2012-2013 school year, the federal aid per full-time equivalent undergraduate student declined 9 percent, or about $325.

That means students have to foot more of the bill themselves.

"The rapid increases in college prices have slowed, however, student and families are paying more because grant aid is not keeping up," said David Coleman, president of the College Board.

While the average published price for tuition and fees for a private college is $30,094, the net price is $12,460 — up $530 from last year. The net price is what they actually pay after grants. There were years this decade that saw the net price going down, but it has gone up the last two years.

The average published in-state price for tuition and fees at a public four-year school is $8,893, but the average net price is about $3,120.

Molly Corbett Broad, president of the American Council on Education, in a statement called it "troubling" that overall grant aid is not keeping up with prices. Her organization represents the presidents of U.S. colleges and universities.

"Institutions are committed to holding down costs, but it is equally important for state and federal governments to play their part to make college affordable," she said.

The College Board is a not-for-profit membership group that promotes college access and owns the SAT exam.

The report spells out the large declines in state appropriations given to public institutions in recent years. These cuts have been blamed for rises in college costs. Other causes often cited range from the high cost of health care for employees to the demand by students for flashier campus amenities.

Among the other findings in the report:

— Adding in costs for room and board to live on campus, average annual published costs: At public, four-year universities, $18,391 for in-state students and $31,701 for out-of-state students; $40,917 for private colleges and universities; $10,730 for in-state students at public two year schools.

— The average published tuition and fees at for-profit institutions increased by $70 to $15,130 — an increase of less than 1 percent.

— New Hampshire and Vermont had the highest published in-state tuition and fees at both four-year and two-year institutions. Wyoming and Alaska had the lowest published in-state tuition and fees at a four-year institution, while California and New Mexico had the lowest in-state among two-year schools.

— In 2012-2013, $238.5 billion in financial aid was issued to undergraduate and graduate students in the forms of grants from all sources, Federal Work-Study, federal loans and federal tax credits and deductions. Also, students borrowed about $8.8 billion from private, state and institutional sources.

— About 60 percent of students who earned bachelor's degrees in 2011-2012 graduated with debt, borrowing a total of $26,500 on average.

___

Online: http://www.collegeboard.org/

___

Follow Kimberly Hefling at http://www.twitter.com/khefling


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At a glance: New Apple product specs

Apple Inc. unveiled a pair of new iPads and new MacBook Pro computers, among other products, at an event in San Francisco on Tuesday. Here are some product specifications:

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IPAD AIR

SIZE: 9.4 inches tall, 6.6 inches wide and 0.29 inch thick

WEIGHT: 1 pound

DISPLAY: 9.7 inches diagonally

RESOLUTION: 2,048 pixels by 1,536 pixels, at 264 pixels per inch

CHIP: A7 chip with 64-bit architecture and M7 motion coprocessor

COLORS: Black with space gray, white with silver

PRICE: $499 for a Wi-Fi-only 16 gigabyte model, $599 for 32 GB, $699 for 64 GB and $799 for 128 GB. Add $130 for models with 4G LTE cellular access. Apple will still sell the 2011 model, iPad 2, for $399.

AVAILIBILITY: Nov. 1

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IPAD MINI

SIZE: 7.87 inches tall, 5.3 inches wide, 0.29 inch thick

WEIGHT: 0.73 pound

DISPLAY: 7.9 inches diagonally

RESOLUTION: 2,048 pixels by 1,536 pixels, at 326 pixels per inch

CHIP: A7 chip with 64-bit architecture and M7 motion coprocessor

COLORS: Black with space gray, white with silver

PRICE: $399 for a Wi-Fi-only 16 gigabyte model, $499 for 32 GB, $599 for 64 GB and $699 for 128 GB. Add $130 for models with 4G LTE cellular access. Apple will sell last year's model, without the sharper display, for $299, down from $329.

AVAILABILITY: November

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MACBOOK PRO - 13 INCH

SIZE: 0.71 inch thick, (when closed), 12.35 inches wide and 8.62 inches deep

WEIGHT: 3.46 pounds

DISPLAY: 13.3-inches diagonally

RESOLUTION: 2,560 pixels by 1,600 pixels, at 227 pixels per inch

CAMERA: 720p FaceTime HD Camera

BATTERY: Up to 9 hours wireless web, or 30 days standby

PRICE: Starts at $1,299 for model with 128 gigabytes of solid-state memory, 2.4 GHz dual-core Intel Core i5

AVAILIBILITY: Tuesday

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MACBOOK PRO - 15 INCH

SIZE: 0.71 inch thick, (when closed), 14.13 inches wide and 9.73 inches deep

WEIGHT: 4.46 pounds

DISPLAY: 15.4 inches diagonally

RESOLUTION: 2,880 pixels by 1,800 pixels, at 220 pixels per inch

CAMERA: 720p FaceTime HD Camera

BATTERY: Up to 8 hours wireless web, or 30 days standby

PRICE: Starts at $1,999 for model with 256 gigabytes of solid-state memory, 2.0 GHz dual-core Intel Core i7

AVAILIBILITY: Tuesday

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OTHER PRODUCTS:

— MAC PRO: A high-end desktop computer in a cylinder casing and assembled in Austin, Texas. Available in December for a starting price of $2,999.

— MAVERICKS. The latest version of the Mac operating system. Unlike previous updates, Apple is releasing it for free. It promises better battery life, improved file management and new apps such as a Mac version of Maps.

— IWORK. Apple is refreshing its suite of word processing, spreadsheet and presentation software. Apple is offering it for free with new Mac and iOS devices. Once you buy the new device, you can install the app in older devices you own. Each of the three apps normally costs $20 for the Mac and $10 for iPhones and iPads.

— ILIFE. Apple also is refreshing its iPhoto and iMovie editing software and the GarageBand app for creating music. New features are available for both Mac and iOS devices. It's also free with new Mac and iOS devices.


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EBay expands same-day delivery to more cities

NEW YORK — EBay is expanding its same-day delivery service to more locations and letting buyers and sellers create "collections" of products available on its site as it moves beyond its roots as an online auctioneer.

EBay Inc. said Tuesday that it is expanding eBay Now to 25 markets by the end of 2014. The service is live now in Chicago and will go to Dallas later this year and to London in early 2014.

To help advance the service, which promises delivery in as little as an hour, eBay says it has bought courier service startup Shutl for an undisclosed sum.

EBay's "collections" are groups of products available on the site, as selected by celebrities, bloggers, regular eBay users or stores themselves. People can follow the collections, their curators or other users. The company is also taking a page from social networks and will let both buyers and sellers create profiles for themselves on the site.

EBay has been working on shedding its auction-site image, and says that more than three-quarters of what it sells is new merchandise, sold not to the highest bidder over several days but to buyers paying immediately.

Shares of eBay slid 11 cents to close at $51.83.


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Judge to decide home for Philly newspapers feud

PHILADELPHIA — Two business tycoons involved in an owners' feud over The Philadelphia Inquirer turned out Tuesday for the first court hearing in the case, while rival co-owner and powerful New Jersey Democrat George Norcross was a no-show.

The dispute nominally involves this month's ouster of Pulitzer Prize-winning editor Bill Marimow.

But the suit and countersuit reveal a deeper split between Norcross and co-owners H.F. "Gerry" Lenfest and Lewis Katz just 18 months into their joint venture. Katz, Lenfest and Marimow were in court Tuesday; Norcross sent his attorneys.

Norcross made his money in insurance and Lenfest in cable television, while Katz has a parking lot fortune and also owned the New Jersey Nets. The three are the most prominent local leaders among the six men who threw together about $55 million to buy the Inquirer and its sister paper, the tabloid Philadelphia Daily News, from hedge fund owners last year.

A Philadelphia judge set an Oct. 28 hearing on whether the case belongs in her courthouse, where Lenfest and Katz filed suit, or in Delaware, where Norcross countersued.

Lenfest and Katz want the judge to block Marimow's firing and show Publisher Robert Hall — who fired Marimow — the door. Without explanation, a gaggle of dark-suited lawyers met with Judge Patricia McInerney for about 30 minutes behind closed doors, before she took the bench to announce the next court date.

"That's what happens in Philly. They come out and put it on the record and everybody goes home," Katz said to his son, Drew.

As the parties prepare for high-pitched litigation, newsroom employees work for their fifth owners in seven years, and endure unpaid furloughs, more staff cuts and endless uncertainty. Marimow's lawyer called the Inquirer his client's "life mission" and stressed its role as a government watchdog.

"It's very important to the citizens of Philadelphia that they have a paper that maintains and doesn't move away from that and toward the private and political and business interests of certain owners," lawyer Bill Chadwick said afterward.

Lawyers for the Katz and Norcross factions declined comment, as did Lenfest.

A few current or retired staffers attended the hearing, including Dan Biddle, a Pulitzer Prize winner who was among five veteran editors that Hall wanted fired, according to newsroom employees who asked not to be named because of a directive not to talk to outside press. Marimow refused to fire them.

Both Norcross and Katz have insiders in the newsroom, and appear to have competing visions for the enterprise. Each accuses the other in their lawsuits of interfering with the news product, despite pledges to the contrary.

Norcross' daughter, Lexie, came aboard last year at age 25 and led the company's move from its iconic headquarters to shared space in a former department store. She now runs the Philly.com website, a free portal that, to the chagrin of some reporters, competes with each newspaper's fee-based website and offers much of the same content.

Katz's longtime companion is Inquirer city editor Nancy Phillips, a veteran investigative reporter and Marimow ally who congratulated the newsroom in a recent tweet for compiling a hard-hitting Sunday edition despite "the stress of a challenging week" — a week capped by Norcross' countersuit.


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Futures fall as US rally runs out of steam

NEW YORK — The investor zeal that flourished in the wake of the partial government shutdown and an extended rally for U.S. markets appear to be coming to a close amid a mixed bag of corporate earnings.

Dow Jones industrial futures are down 66 points to 15,332. S&P futures have lost 8.7 points to 1,740.70. Nasdaq futures are down 19 points to 3,557.50.

Global markets fell as well on Wednesday.

Caterpillar's quarterly earnings plunged 44 percent and the company cut its outlook again Wednesday for the year.

However, plane maker Boeing and WellPoint, the nation's second-largest health insurer, both topped Wall Street expectations.

The tech-heavy Nasdaq is under pressure after some big players in the sector trimmed their outlooks late Tuesday, including semiconductor companies Cree and Broadcom.


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NY comptroller: Wall Street profits may slow

Written By Unknown on Selasa, 22 Oktober 2013 | 20.25

ALBANY, N.Y. — Though Wall Street recorded $10.1 billion in profits for the first half of 2013, New York's comptroller said Tuesday that federal budget dithering, higher interest rates and litigation may slow earnings for the last half in a securities industry that has kept trimming jobs.

In a report, Comptroller Thomas DiNapoli projected that overall earnings have been limited to $15 billion this year, compared with $23.9 billion last year.

"The political gridlock in Washington may take a bite out of the security industry's profits for the fourth quarter," DiNapoli said. "Washington's inability to resolve budget and fiscal issues is bad for business."

The 16-day partial federal government shutdown ended last week, but a possible repeat may be on the horizon. Lawmakers approved a budget that keeps the lights on through Jan. 15 and lets the Treasury Department continue to pay its bills through Feb. 7.

A standoff between President Barack Obama and a group of Republicans over spending for the budget year beginning Oct. 1 and possible defunding of the nation's health care overhaul led to the shutdown. Lawmakers also pushed the country to the edge of economic default by threatening the Treasury Department's authority to continue borrowing the money needed to pay the nation's bills.

The annual comptroller's report said there were 163,400 total jobs on Wall Street in August, down from 168,700 a year earlier. However, New York's financial sector still had 2.5 times more jobs than No. 2 California and they pay an average $360,700 salary, or about five times more than the rest of New York City's private sector.

DiNapoli predicted the industry will continue to streamline in adapting to changing regulatory and economic circumstances.

The report noted that unlike previous economic recoveries in New York City, the current rebound is driven by other industries that have added 335,000 jobs, more than double the total lost in the recession, with an average salary of $69,200.

The securities industry remained one of the city's main economic engines, last year accounting for 5.1 percent of its jobs but nearly 22 percent of all private sector wages.


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Rubio offers bill to delay health care law penalty

WASHINGTON — Sen. Marco Rubio says he'll introduce legislation to delay the penalty that can be assessed on individuals who don't buy insurance under the government's new health care law.

The Florida Republican says people should not be punished for not buying the insurance when major technical problems have plagued the online sign-up process. Uninsured Americans have until about mid-February to sign up for coverage if they are to meet the law's requirement that they be insured by the end of March. If they don't, they will face a penalty.

Rubio said on "CBS This Morning" show Tuesday that he still believes the health care law itself should be repealed.

President Barack Obama on Monday acknowledged technical problems that he described as "kinks in the system."


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US employers add 148K jobs; rate falls to 7.2 pct.

WASHINGTON — The U.S. economy added just 148,000 jobs in September, suggesting that employers held back on hiring before a 16-day partial government shutdown began Oct. 1.

Still, hiring last month was enough to lower the unemployment rate. The Labor Department said Tuesday that the rate fell to 7.2 percent from 7.3 percent in August. Unemployment remains historically high but is near a five-year low and is down from 7.9 percent at the start of 2013.

Tuesday's release of the September jobs report had been delayed 2½ weeks by the shutdown, which likely further depressed economic growth and hiring. Temporary layoffs of federal workers and government contractors will probably lower October's job gain.

Many economists say they won't have a clear reading on hiring and unemployment until the November jobs report is issued in early December.

The economy has added an average of 143,000 jobs a month from July through September, weaker than the 182,000 added from April through June.

The department revised its estimates of job growth in July and August to show a net gain of 9,000 jobs. It said employers added 193,000 jobs in August, more than the 169,000 previously estimated. But it said just 89,000 were added in July, the fewest in more than a year and below the previously estimated 104,000.

"We continue to create just enough jobs to lower the unemployment rate," Dan Greenhaus, chief global strategist for BTIG, an institutional brokerage.

Stock futures rose after the report was released at 8:30 a.m. Eastern time. The weaker job figures make it more likely that the Federal Reserve will maintain its level of bond purchases for the rest of this year. The bond purchases are intended to lower long-term interest rates and boost borrowing and spending.

High unemployment has discouraged many Americans from looking for work. The percentage of Americans working or looking for work remained at a 35-year low in September.

There were some positive aspects in the September jobs report. Several higher-paying industries added jobs at a healthy pace. Construction firms gained 20,000 positions. Government boosted payrolls by 22,000. Transportation and warehousing gained 23,400 jobs.

And average hourly pay ticked up 3 cents to $24.09. In the past year, hourly pay has increased 2.1 percent, ahead of the 1.5 percent inflation rate.

The deceleration in job growth was a key reason the Fed decided in September to hold off on slowing its $85-billion-a-month in bond purchases. Many economists think the lack of clean data will lead the Fed to put off any decision on the bond purchases until 2014.

Many economists say the shutdown cut $25 billion out of the economy and slowed growth to about a 2 percent annual rate in the October-December quarter. That's down from estimates before the shutdown that the economy would expand at a 2.5 percent annual rate.

But growth will likely be a bit higher in the first three months of next year, as consumers and businesses make purchases and investments that were delayed during the shutdown.


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Mass. college students face rising debt

BOSTON — The state's higher education commissioner says more students at Massachusetts public universities and colleges are incurring larger amounts of debt to finance their educations, a trend that could have dire consequences for the region's economy.

The Boston Globe reports that Commissioner Richard Freeland told lawmakers Monday that the risk of incurring high debt could dissuade some people from attending college at a time when the state more graduates in science, high technology, and health care to compete in a global economy.

He says the average debt for graduates of the University of Massachusetts system, other state universities, and community colleges increased 27 percent from the 2008 fiscal year through 2011, the last year for which data are available.

Freeland says the state needs to boost funding for higher education.


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Ahead of the Bell: Netflix

NEW YORK — Netflix shares soared 9 percent before Tuesday's opening bell after it added 1.3 million U.S. subscribers during its most recent quarter.

The online movie service has been notching new all-time highs since early August and is on pace to do that again Tuesday, if premarket gains hold.

Netflix has altered the media landscape and is reportedly in talks with cable operators to expand access to more viewers, even as more households "cut the cord," and dump cable television all together.

The $8-per-month membership fee is tailor-made for uncertain economic times and the company has been aggressive in expanding what it offers to customers, including original programming like "House of Cards," a political thriller starring Kevin Spacey, Kate Mara and robin Wright.

It seems the only thing dividing industry watchers about prospects for the company is the meteoric rise of its share price.

The stock has more than quadrupled this year as original programming and expanded service draws new adherents. The stock price in August surpassed heights reached two years ago, before a poorly handled change in service sent shares plunging to a 20-month low.

Tony Wible of Janney Capital Markets backed his "Buy" rating, pointing to the steady growth of subscribers.

But Jefferies analyst Brian Fitzgerald stuck by his "Underperform" rating, saying that it's tough to justify the company's current stock price given that its content costs are rising.

The company's profit of 52 cents per share beat Wall Street predictions of 48 cents, while revenue rose 22 percent to match predictions of $1.1 billion. Netflix also said it expects to add another 2.5 million to 4.1 million subscribers worldwide in the current quarter ending in December.

In premarket trading, Netflix shares jumped $31.31 to $386.30.


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Government investigates Hyundai brake problems

Written By Unknown on Senin, 21 Oktober 2013 | 20.25

DETROIT — U.S. safety regulators are investigating complaints of brake problems on Hyundai Genesis full-size luxury cars.

The National Highway Traffic Safety Administration says the probe affects about 40,000 cars from the 2009 model year.

The agency has received 23 complaints of that drivers had to push harder than normal on the brake pedal to make the car stop. One driver crashed into a stopped vehicle while another had to use the emergency brake to stop, sending the car into a spin.

No injuries have been reported. Several complaints alleged that the problem was traced to a faulty antilock brake computer.

The investigation will determine if the problem is big enough to cause a recall.

It's the first investigation since the 16-day partial government shutdown began on Oct. 1.


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McDonald's 3Q profit rises, revenue misses Street

OAK BROOK, Ill. — McDonald's third-quarter profit rose 5 percent, as the world's biggest hamburger chain benefited from a Monopoly promotion in the U.S. and strength in the U.K. and Russia.

But revenue missed analyst expectations and shares slid more than 2 percent in premarket trading.

After outperforming rivals for years, McDonald's has struggled recently as it faces heightened competition, shifting eating habits and tough economic conditions around the world. Late last year, its monthly sales at stores open at least a year fell for nearly the first time in a decade.

"Our results reflect McDonald's ability to grow amid the broad-based challenges of the current environment by focusing on those areas of the business within our control," said CEO Don Thompson.

For the three months ended Sept. 30, net income rose to $1.52 billion, or $1.52 per share. That compared with $1.46 billion, or $1.43 per share, last year. Analysts expected $1.51 per share, according to FactSet.

Revenue rose 2 percent to $7.32 billion from $7.15 billion last year. Analysts expected $7.33 billion.

McDonald's, based in Oak Brook, Ill., said sales in stores open at least 13 months rose 0.9 percent, including a 0.7 percent rise in the U.S. and a 0.2 percent rise in Europe. The measure, considered important because it gauges growth at continuing locations after stripping out recently opened and closed stores, fell 1.4 percent in the Asia/Pacific, Middle East and Africa regions.

U.S. results benefited from its Monopoly game and the introduction of Mighty Wings as a national limited time offer.

Looking forward, McDonald's expects fourth quarter sales in stores open at least 13 months will be on par with the third quarter's 0.9 percent rise.

"While we are focused on strengthening our near-term performance, the current environment continues to pressure results," Thompson said.

To push up sales, the company has been taking a two-pronged approach. On the one end, it's playing up its Dollar Menu and other affordable options to draw in customers who may be watching their spending more carefully. The strategy has forced rivals Burger King and Wendy's to more aggressively push deals and promotions as well. Some analysts have worried that the strategy could eat into profit margins and indeed, McDonald's said margin percentages are expected to continue to decline in the fourth quarter.

At the same time, McDonald's is also trying to adjust its image and menu to better reflect shifting eating habits. In the U.S., for example, the company recently rolled out chicken wraps and the option to substitute egg whites in any of its breakfast sandwiches. Early next year, it also said it will start giving customers the option to pick a salad instead of fries with their value meals.

McDonald's has more than 34,000 locations around the world.

Shares fell $2, or 2.1 percent, to $93.20 in premarket trading. The stock closed Friday at $95.20, up about 8 percent since the start of the year.


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Hasbro 3Q results climb, helped by tax adjustment

PAWTUCKET, R.I. — Hasbro's third-quarter net income rose 17 percent, buoyed by a favorable tax adjustment and higher sales. Its adjusted results and revenue topped analysts' estimates.

Sales were strongest in the girls' category led by My Little Pony products and showed an increase in games, while sales in the boys' category fell and preschool sales slipped. Its stock edged up in premarket trading on Monday.

The quarterly results come as toy makers gear up for the holiday season, which can account for up to half their annual revenue.

The No. 2 toy maker earned $193 million, or $1.46 per share, for the three months ended Sept. 29. That compares with $164.9 million, or $1.24 per share, a year earlier.

Excluding 18 cents per share for the tax adjustment and restructuring and pension charges of 3 cents per share, earnings were $1.31 per share. Analysts polled by FactSet expected adjusted earnings of $1.30 per share, on average.

Revenue for the Pawtucket, R.I., company rose 2 percent to $1.37 billion on strong sales overseas and in its girls category and entertainment and licensing segment. Wall Street was calling for revenue of $1.35 billion.

Shares of Hasbro added 44 cents to $47.68 in premarket trading about 90 minutes ahead of the market open.

By category, Hasbro reported its strongest sales in the girls category — which was up 29 percent on the successful debut of My Little Pony Equestria Girls as well as the debut of Nerf Rebelle and increased sales of Furby and other My Little Pony products.

Sales of games rose 6 percent, its fourth straight quarterly increase. This was helped by higher sales of Jenga, the Elefun & Friends collection, Magic: The Gathering and the launch of the new Telepods game platform that includes the Angry Birds Star Wars II game.

In the boys category, sales dropped 17 percent as the Marvel and Beyblade brands faced tough year-ago comparisons. There were increased sales of Transformers and Star Wars products.

Preschool sales dipped 2 percent, but there were higher sales of the Play-Doh, Sesame Street and Transformers Rescue Bots products.

International sales increased 11 percent, helped by favorable foreign exchange rates and better sales in Europe, Latin America and the Asia Pacific region. Hasbro said that sales in the games, girls and preschool categories climbed overseas.

President and CEO Brian Goldner said in a statement that Hasbro Inc.'s business continues to improve in emerging markets, with growth of 22 percent in the quarter.

Sales for the entertainment and licensing unit rose 13 percent as it benefited from the addition of Backflip Studios. Sales for the U.S. and Canada fell 5 percent, stung by lower sales in the boys and preschool categories. Sales for the girls category climbed in the region, while the games category reported flat sales.

Last week Mattel Inc. reported its quarterly profit and revenue improved on increased sales of Barbie and Monster High dolls.


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Stock futures edge higher as earnings loom

NEW YORK — U.S. stock futures are rising slightly at the beginning of a busy week of corporate earnings reports.

Dow Jones industrial futures are up 4 points at 15,320. The broader Standard & Poor's 500 futures are up 1 point at 1,738. Nasdaq futures are up 8 points to 3,350.

Fast-food chain McDonald's Corp.'s stock fell after it issued a tepid outlook. It's down almost 2 percent at $93.41.

Stocks driving the Dow in premarket trading include AT&T, up almost 2 percent at $35.30. The telecom giant announced a deal to lease or sell the rights to 9,700 wireless towers for $4.85 billion.

Investors will get a long-awaited look at an important economic indicator on Tuesday, when the September U.S. unemployment report comes out after being delayed by the government shutdown.


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Obama to address widespread health care problems

WASHINGTON — President Barack Obama is expected to acknowledge that widespread problems with his health care law's rollout are unacceptable, as the administration scrambles to fix the cascade of computer issues.

Obama was scheduled to speak Monday from the Rose Garden, his first health care-focused event since the scope of the problems became apparent. The troublesome rollout of the health care exchanges has been a glaring embarrassment for Obama's signature legislative achievement.

White House officials say the president will discuss steps the administration is taking to address the failures, including ramping up staffing at call centers where people can apply for insurance by phone. The Department of Health and Human Services says it is also bringing in technology experts from inside and outside of government to help diagnose the issues.

HHS, in a memo released Sunday, said it was also putting in place "tools and processes to aggressively monitor and identify parts of HealthCare.gov where individuals are encountering errors or having difficulty using the site, so we can prioritize and fix them."

Obama will be flanked at the Rose Garden event by people the White House says have already enrolled during the first three weeks of sign-ups. Enrollment figures are being closely guarded by the administration, which plans to release the first round of data in mid-November.

Officials did say over the weekend that nearly a half million applications have been filed through the federal- and state-run exchanges. Users must file applications before they can enroll, in part to find out whether they are eligible for government subsidies.

The White House also says about 19 million people have visited HealthCare.gov since Oct. 1.

Administration officials initially blamed a high volume of interest for the frozen screens that many people encountered. Since then, they have also acknowledged problems with software and some elements of the system's design.

Despite the widespread problems, the White House has yet to fully explain exactly what went wrong with the online system consumers were supposed to use to sign up for coverage.

In an ironic twist, the troubles with the health care rollout were overshadowed by Republican efforts to delay or defund "Obamacare" in exchange for reopening the government during the 16-day shutdown. The bill that eventually reopened the government included no substantive changes to the health care law.

Some Republicans are now calling for the resignation of HHS Secretary Kathleen Sebelius. The White House says it has complete confidence in her. House Republicans have scheduled a hearing next week to look into the rollout problems.

___

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


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Startup has skin in the game

Written By Unknown on Minggu, 20 Oktober 2013 | 20.25

A Colombian company offering new hope to burn victims and other patients who suffer skin tissue loss is one of the 26 MassChallenge top finalists who'll compete on Oct. 30 for a piece of the start-up accelerator's $1.5 million in cash prizes.

Keraderm was founded in Bogota in 2010 by a group of plastic surgeons, who set out to find an affordable, painless way of treating tissue loss resulting from burns, ulcers, tumors and trauma.

The typical treatment calls for a graft to be taken from a patient's healthy skin and meshed to cover a large wound — a surgical procedure that often results in severe pain, significant scarring and, sometimes, rejection by the patient's body.

But Keraderm's team found that by taking a sample of healthy skin less than one centimeter in diameter from behind a patient's ear, within five to seven days they could reproduce the skin cells and plant them on a collagen sheet four times the size of a business card to cover the wound, said Jorge Soto, the company's chief financial officer.

"It starts to heal the injury by accelerating the growth of healthy skin cells," Soto said. "In 20 to 40 days, the wound is completely healed."

The patent-pending procedure, which eliminates the need for an operating room and anesthesia as well as the possibility of rejection, has been successfully done on more than 100 patients so far in 11 different hospitals in Colombia and entails no pain or scarring, he said.

A 10-by-10-centimeter sheet of skin also costs $550, significantly less than a skin graft operation does.

"There are other variations of what we're doing," Soto said, "but we haven't been able to find anyone doing the same thing."

Keraderm hopes to expand the procedure in Latin America before bringing it to the United States, where it would need to be tested in a clinical trial to gain regulatory approval.

That's a process that would take the kind of money the company, which has only eight employees including Soto, does not yet have, he said.

The team bootstrapped the start-up with $50,000 and in 2012 raised an additional $300,000 from angel investors, allowing it to open a lab in Bogota that June, Soto said.

But even if Keraderm doesn't win any money in MassChallenge, he said, the four-month accelerator, for which they were selected out of a field of nearly 1,200 applicants, has been worth it.

"I never even thought I was going to be here," Soto said. "It's going to help me a lot to show we have a product that is working."


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Shutdown coverage benefits cable news networks

NEW YORK — The federal government shutdown damaged the reputations of Washington politicians but proved good business for the cable television news networks — and taught some reporters new benefits of virtually instant communications.

CNN, Fox News Channel and MSNBC saw their viewership increase during the 16-day partial shutdown, peaking at more than five million Wednesday evening when Congress passed a compromise bill to put the government back online.

"It was a drama," said CNN congressional correspondent Dana Bash, who logged many hours of airtime along with Kelly O'Donnell of NBC News and Mike Emanuel of Fox. "Whenever there's a drama, people are interested."

MSNBC, which has struggled in this post-election year, saw its average prime-time viewership jump 35 percent to 978,000 this month through Wednesday, compared to the first nine months of the year, the Nielsen company said. Fox, which chose not to make any of its reporters available for this story, was up 9 percent to 2.22 million in the same period (although the network also benefited from a prime-time schedule change this month). CNN improved by 11 percent to 721,000.

The news networks brought their traditional hallmarks of crisis coverage to the political machinations, including "countdown clocks" that marked each second closer to a debt limit deadline. The story meant brutal hours: O'Donnell, who filed for MSNBC, CNBC and NBC News, was at work past 3 a.m. Eastern the first night of the shutdown, then back at 6 a.m. for "Morning Joe."

There were many strong points to the coverage, particularly when reporters didn't fall back on cliches like declaring winners and losers for an event that did few people proud, said Jane Hall, a journalism professor at American University.

"It certainly gave voice to the American people disgusted over this and there were a number of good stories about the impact of the shutdown on government workers," Hall said.

Social media was a big help, O'Donnell said. She would hear from people outside the Capitol cocoon through Twitter and email, with many raising questions she used in her reporting. She was asked how the shutdown would affect Social Security or back pay for government workers. NBC used a "dearcongress" hashtag on Twitter to encourage questions.

Sometimes the concerns were very specific, like when shrimp fishermen asked about access to launches on federal land, which she took to an individual congressman in the affected area.

"That was a real-time experience of the shutdown that did not compare to anything in a crisis that we had covered before," O'Donnell said.

In the past, Bash said she'd often need to plead with producers for time off the air to report. In this case, it wasn't really necessary: Her sources would text, tweet or email information while she was on the air. When President Barack Obama spoke to the nation on Thursday, Bash had instant reaction from several Republicans minutes after he left the podium.

When Republicans and Democrats weren't talking to each other, Bash found that they would talk through her.

"I'll report something or I'll tweet something and I'll get a call from a source pushing back or trying to shape it — not because it's a message to the world, but because it's a message to the other side," she said.

Bash would set up live shots in the hallway between Speaker John Boehner's office and the floor of the House of Representatives, a passageway teeming with sources.

Even though TV reporters love few things more than airtime, by the end even that was wearing off.

"There's always a rush in covering a big story," Bash said. "But at a certain point, you want your government to work a little better, regardless of what you do for a living."

___

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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AP CEO: Press freedom v. security a 'false choice'

DENVER — Governments that try to force citizens to decide between a free press and national security create a "false choice" that weakens democracy, and journalists must fight increasing government overreach that has had a chilling effect on efforts to hold leaders accountable, the president and CEO of The Associated Press said Saturday.

Gary Pruitt told the 69th General Assembly of the Inter American Press Association that the U.S. Justice Department's secret seizure of records of thousands of telephone calls to and from AP reporters in 2012 is one of the most blatant violations of the First Amendment to the U.S. Constitution the 167-year-old news cooperative has ever encountered.

The Justice Department action involving the AP resonated far beyond the U.S., including Latin America, where journalists for decades have fought to exercise press freedoms under authoritarian regimes, Pruitt said.

"The actions by the Department of Justice could not have been more tailor-made to comfort authoritarian regimes who want to suppress the news media. 'The United States does it too,' they can say," Pruitt said.

A free and independent press "differentiates democracy from dictatorship; separates a free society from tyranny," he said.

"Governments who try to set up a situation where citizens think they must choose between a free press and security are making a mistake that will ultimately weaken them, not strengthen them. It's not a real choice. It is a false choice."

Pruitt said he was encouraged by proposed Justice Department guidelines, introduced after the records seizure, that would give news media advance notice of subpoenas so the press can challenge those actions in court; protect not just phone records but reporters' email, text messages and other forms of electronic communication; and guarantee that journalists won't be prosecuted for doing their jobs.

"But you can bet that we will be watching closely to make sure they are implemented and enforced," Pruitt said.

In 2012, the Justice Department secretly obtained records of work, cell and home numbers of AP journalists, as well as AP bureau numbers in New York, Washington, D.C., Hartford, Conn., and the AP number in the U.S. House of Representatives press gallery. It did so after an Associated Press story revealed the foiling of a plot in Yemen to bomb a U.S.-bound airliner at a time the Barack Obama administration was insisting publicly that it had no information about terrorist organizations plotting attacks on the United States in that period.

The Justice Department was trying to identify who leaked information for the AP story — but it didn't tell the AP about its phone records seizure until a year after the story ran.

The seizure was "hardly a surgical strike on a few carefully chosen targets. It was overbroad, sloppy and a fishing expedition into a wide spectrum of AP news journalism and journalists — most of whom had nothing to do with the issues in question here," Pruitt said.

It also differed from the National Security Agency's broad monitoring of global communications because it was specifically directed at locating the source of AP's reporting.

Just as alarming, the seizure has intimidated both official and nonofficial sources from speaking to the AP and numerous other news organizations, even about stories not related to national security, Pruitt said.

"Now, the government may love this. I think they do. But beware a government that loves secrecy too much," he said.

And the challenge isn't going away, Pruitt said.

"The attack on journalism — here in the United States and throughout the rest of the world — is not going to cease any time soon. In fact, I think it will become even more difficult to counter as technology gives governments very powerful tools to monitor the actions and communications of citizens and journalists," he said.

The Miami-based Inter American Press Association has about 1,400 member news organizations and promotes press freedoms throughout the Americas.

___

English URL: www.ap.org/content/press-release/2013/the-free-press-vs-national-security-a-false-choice

Spanish URL: www.ap.org/content/press-release/2013/libertad-de-prensa-vs-seguridad-nacional-un-falso-dilema

Portuguese URL: www.ap.org/content/press-release/2013/imprensa-livre-vs-seguranca-nacional-a-falsa-escolha


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Massport to hit up pols

Massachusetts Port Authority officials — already facing a ticking clock to grab vital federal funding — are prepping to start a Beacon Hill blitz this week to pitch a $300 million plan to dredge Boston Harbor, hoping to convince lawmakers to bankroll nearly a quarter of it.

The four-year project to deepen the Hub's vital maritime channels could double the amount of cargo containers that pass through Boston Harbor — a 
$42.5 million business for Massport last year — and will help it vie for the bigger cargo ships primed to hit East Coast ports starting in 2015, officials say.

But they admit they're already playing catch-up to other ports' dredging projects, making lobbying efforts — both federally and at the state level — crucial to keeping them competitive.

"We want to make sure we're putting our best foot forward and make the case for federal funding, and make the case for state funding. But it's kind of a chicken-and-egg process," Massport CEO Thomas Glynn said, noting the board has yet to vote on the project but could within four months. "We have to tell the board, then we have to go to the State House, so we kind of go back and forth."

Their first targets are East Boston lawmakers, whose sometimes prickly history with the agency mean Massport pitches always require a grain of salt, said Eastie state Rep. Carlo Basile.

"I just don't take their word for it. I do my own due diligence," said Basile, who plans to meet with Massport officials Tuesday. He admitted he's aware of little to no complaints from past dredging projects rolled out in 2001, 2005 and 2008, but warned, "that's not to say it can't happen this time."

"It's a much bigger project," Basile said. "I'm still waiting to hear a lot of details."

Massport spokesman Matthew Brelis, said, "We talk with legislators all the time on a host of things," but noted for the dredging project officials are starting with lawmakers from "impacted communities" before moving on to others.

Massport officials are counting on as much as 
$170 million in federal money for the project, with $65 million each coming from the agency and the state.

Secretary of Transportation Richard Davey, who chairs the Massport board, implored members that "we shouldn't do anything right now that would preclude us from the $170 million," likening the shot at the federal funds to waiting for Halley's Comet.

"You can call it Davey's Comet," he told the board during a Thursday meeting.

When Congress will act to award the money, however, is unclear, especially in the wake of the government shutdown, Glynn said.

"Everything is up for grabs down there until it's final," he said. "(Other ports) are a little bit ahead of us in terms of making their request ... but we have enough time. It's a question of it's a moving target."


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What to do when battery is on its last legs

I have a 2005 Hyundai Tucson with 90,000 miles on it. I've never had a problem since I purchased the vehicle, but I'm worried the battery will fail sometime soon because of its age. I'm planning to change the battery myself but I'm concerned about the computer and electronics due to the temporary loss of power during the replacement process. What should I do before and after changing the battery?

Just drive the car. Replacing the battery, which of course requires disconnecting the vehicle's electrical system from the original battery, will do no harm to the vehicle's electronics. You'll likely have to reset the radio station pre-sets and the engine management system will take a few miles of driving to "re-learn" your driving characteristics, but you probably will not notice anything.

Perhaps the more relevant question at this point is: Should you replace the battery now or wait until it fails? Being a founding member of the "Snug America" club and not wanting to part with any more of my hard-earned dollars than absolutely necessary, I lean toward the latter. Most batteries will develop symptoms of impending failure such as slow engine cranking speeds, giving you a heads-up that it's time for a new one. But batteries can and do fail suddenly and completely without warning.

So when I suspect a battery might be on its last legs, I carry a portable battery booster in the vehicle. Then, if the battery does fail, — at any time and for any reason — I can jump-start the vehicle to complete my trip.

This, by definition, is the Murphy's Law of automobiles — if you have a spare part with you, you'll probably never need to use it!

And finally, to put your mind at ease, have the original battery tested at a local parts store. A load test or electronic test will give you an idea of how much life your battery still has.

I have a '93 Buick Riviera with the 3800 V6 engine and 182,000 miles. When I start the engine it makes a "thudding" noise four to five times. It has done this intermittently for the past three years. One mechanic told me it could be a cracked flywheel. Can you help?

Does this noise primarily occur on a cold start after the car's been sitting for at least several hours? Also, watch the oil pressure warning light carefully as you start the engine — do the "thuds" last precisely until the warning light goes out? If so, the noise may be due to worn main or rod bearings. Once oil pressure is up, the excess clearance is buffered by the oil film and the noise stops.

A cracked flex plate/flywheel or loose torque converter mounting bolts could cause a similar noise, but for three years without some type of failure? Other possibilities include a broken or failed engine/drivetrain mount or an engine startup misfire.

Regardless of the cause, at 20 years old and nearing 200,000 miles, I'm not sure I'd be willing to spend much on repairs. If the vehicle is still nice, keep an eye out for a used or rebuilt engine. Remember the automotive version of Murphy's Law.

We have a 2008 Buick Lucerne. This fall we will be leaving the state for about seven months. Should we disconnect the battery? Will this mess up the computers? Also, should I use a trickle charger or a float charger? What's the difference?

I recommend disconnecting the battery — it is safer and will cause no harm as described above — and connect a float charger or battery maintainer like Battery Tender to keep the battery safely charged while you're away.

A trickle charger continuously charges the battery at a low amperage rate, which can lead to overcharging and battery failure. A battery maintainer charges and holds the battery at its optimum voltage safely for an indefinite period.


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