‘The Hunger Games’ lead fan favorites at People’s Choice awards

LOS ANGELES (Reuters) – Post-apocalyptic action film “The Hunger Games” was the big winner at the People’s Choice Awards on Thursday, picking up five awards including favorite movie of the year, while singer Katy Perry again led in the music categories.

Hosted by “The Big Bang Theory” actress Kaley Cuoco, the People’s Choice Awards named winners in more than 40 categories across film, television and music. About 475 million fans voted through the People’s Choice website.

“The Hunger Games,” based on the trilogy of novels by Suzanne Collins, beat out “The Avengers,” “The Amazing Spider-Man,” “The Dark Knight Rises” and “Snow White and the Huntsman” for the coveted favorite movie accolade.

Jennifer Lawrence, who plays “Hunger Games” heroine Katniss Everdeen, won the favorite movie actress award over Mila Kunis, Emma Stone, Anne Hathaway and Scarlett Johansson.

“Thank you for loving movies as much as I do, and loving this movie and voting,” Lawrence said.

“The Hunger Games” was also named favorite action film and favorite movie franchise, while its stars Lawrence, Josh Hutcherson and Liam Hemsworth won favorite on-screen chemistry.

The People’s Choice is the first of Hollywood’s annual awards shows, but unlike the Oscars or the Golden Globes, the winners are determined by fans, so it provides few insights into likely winners of the movie industry’s top honors in February.

“The Avengers,” which was nominated in eight categories, didn’t go home empty-handed. Robert Downey Jr. was named favorite movie actor for his role as Iron Man in the superhero ensemble box office hit.

“You’ve chosen wisely,” the actor joked on stage.

Adam Sandler picked up the fan favorite award for comedic actor, while former “Friends” star Jennifer Aniston picked up the favorite comedic movie actress award, beating out Mila Kunis, Reese Witherspoon, Emily Blunt and Cameron Diaz.

“I cannot thank you enough for allowing me to be honored with this, after supporting me for almost 20 years,” Aniston said.

Emma Watson of “Harry Potter” fame picked up the favorite dramatic actress accolade for her role in “The Perks of Being a Wallflower.”

“Perks” was also named favorite dramatic movie, while “Ted,” the raunchy R-rated comedy from “Family Guy” creator Seth MacFarlane, was named favorite comedy film.

MUSIC AND TELEVISION WINNERS

Katy Perry took home four trophies this year, including favorite female artist and a surprise win for favorite pop artist over Justin Bieber.

Fan favorite Taylor Swift beat out Tim McGraw, Jason Aldean, Blake Shelton and Carrie Underwood for favorite country artist.

“You guys have blown my mind with what you’ve done with this album ‘Red.’ I want to thank you for caring about my music and me,” the singer said in her acceptance speech.

Her chart-topping album “Red,” which the singer based on her experiences, was one of 2012′s top-sellers. The singer attended the awards alone following a widely reported split from boyfriend Harry Styles of U.K. boy band One Direction.

Maroon 5 picked up the favorite band award. The band’s popularity skyrocketed in 2012 after lead singer Adam Levine served as a judge on television talent show “The Voice.”

British boy band The Wanted won favorite breakout artist.

In the television categories, CBS comedy “The Big Bang Theory” was named favorite network comedy, while ABC’s “Grey’s Anatomy” picked up favorite network drama.

Ellen Pompeo of “Grey’s Anatomy” and “Castle” actor Nathan Fillion won the favorite TV dramatic actress and actor awards, while “Glee” stars Lea Michele and Chris Colfer picked up the favorite TV comedic actress and actor awards.

Sandra Bullock was named favorite humanitarian for her efforts in helping victims of Hurricane Katrina in New Orleans.

(Reporting By Piya Sinha-Roy; Editing by Stacey Joyce)

Movies News Headlines – Yahoo! News

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No change to inflation measure

10 January 2013 Last updated at 03:55 ET

There will be no change to the way the retail prices index is calculated, the Office for National Statistics (ONS) has decided.

After a three-month consultation, the ONS has decided not to bring the RPI more into line with the slower rising consumer prices index (CPI).

Instead, a new additional index of inflation will be created.

However, the RPI will continue to be used for the uprating of private sector pensions and index-linked bonds.

The National Statistician, Jil Matheson, said: “There is significant value to users in maintaining the continuity of the existing RPI’s long time series without major change, so that it may continue to be used for long-term indexation and for index-linked gilts and bonds.”

The inherent gap between RPI and CPI, which runs at an average of 1.2 percentage points a year, has become increasingly dominated by the so-called “formula effect” – the result of using different methods for calculating the average price of goods and services in the economy.

Any decision to alter the current RPI index, so that it rose more slowly, would have reduced the future pension increases of millions of private sector pensioners and cut the income of investors in index-linked government bonds and savers with index-linked savings certificates.

Decision welcomed

The ONS decision means that from March 2013, it will publish a new version of the RPI alongside the existing one.

The main difference will be that the new index will use the same formula as the CPI for calculating average prices.

That will mean the new RPI measure will usually rise more slowly than the long established version.

Continue reading the main story

Ros Altmann, the director general of the financial services company Saga and former government adviser on pensions policy, hailed the ONS decision as “brilliant”.

“Consultation responses overwhelmingly favoured no change so would be hard to ignore,” she tweeted.

“There’s no right or wrong exact measure of inflation, each one has flaws.”

Tom McPhail of Hargreaves Lansdown said: “This will be welcome news for all those dependent on pension benefits, who might otherwise have suffered a drop of between 0.5% to 1% a year in their income in real terms.”

“It will probably come as a disappointment to employers sponsoring final salary schemes.

“A reduction in the rate of RPI would have reduced some pension scheme liabilities; this in turn would have reduced the amount of money which employers have to pump into these schemes to reduce their deficits,” he added.

Continue reading the main story

Britain’s Office for National Statistics has decided, when it comes to inflation, it’s better to be consistent than to be right”

End Quote

The Treasury confirmed it would continue using the RPI measure for calculating the return on both old and new index-linked bonds.

“For gilt investors, future cash flows on existing index-linked gilts will continue to be calculated by reference to RPI,” said the Economic Secretary, Sajid Javid.

“The government will continue to issue new index-linked gilts linked to the RPI.”

The ONS has already decided to launch another new measure of inflation in March, to be called CPIH.

This will be a version of the current CPI index, but adjusted to measure changes in the cost of buying and owning a home.

The main CPI measure excludes those costs, something which has long been seen as its major flaw.

BBC News – Business

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Pilot Gold Sells Regent Property to Rawhide Mining, Strengthens Treasury

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan 10, 2013) – Pilot Gold Inc. (PLG.TO) (“Pilot Gold” or the “Company”) has signed and closed a definitive purchase agreement (the “Agreement”) to sell 100% of its Regent exploration property (“Regent”, or the “Property”) to Rawhide Mining LLC (“RMC”) for $ 3 million in cash.

Pilot Gold will retain a net profits royalty of 15% on the Property and is entitled to a sliding scale gold equivalent bonus payment (the “Gold Bonus”), each of which is payable in certain circumstances after RMC has achieved production at the Property.

“Regent”s divestiture allows the Company to add to its strong cash position while the royalty potentially offers exposure to production for Pilot Gold, as RMC intends to integrate Regent into its existing mining operations,” said Matt Lennox-King, President and CEO, Pilot Gold.

Transaction highlights:

• Non-refundable payments to Pilot Gold of $ 2 million received at closing and $ 1 million payable six months following closing


• 15% royalty on net profits from Regent after RMC recovers its upfront cash payments to Pilot Gold and its development costs to take Regent to production


• A Gold Bonus for any gold-equivalent ounces from Regent placed on the RMC leach pad in excess of 115,000 ounces based on:

Gold price/oz	Gold Bonus price/oz
$ 1,800 or more	$ 29.050
$ 1,700 to $ 1,800	$ 23.275
$ 1,600 to $ 1,700	$ 17.500
$ 1,500 to $ 1,600	$ 11.550
$ 1,400 to $ 1,500	$ 5.775
Less than $ 1,400	$ 0.000

The Regent property is located in Mineral County, Nevada, along the eastern margin of the prolific Walker Lane epithermal gold-silver belt. It includes 283 claims totaling 1,795 hectares (4,436 acres) and is an epithermal gold and silver system with oxide gold outcropping at surface, and extensive subsurface gold mineralization outlined in several areas by over 600 drill holes. Regent is 2.5 kilometers northwest of the RMC-operated Denton-Rawhide Mine. The Denton-Rawhide Mine began operations in 1990. Gold and silver production is ongoing, as RMC has expanded the heap leach pads and is currently expanding operations.

RMC plans to continue exploration and engineering studies at Regent in an effort to define a mineral resource that could be permitted, developed and processed at the adjacent Denton-Rawhide Mine. Pilot Gold may receive revenue through its profit participation – and potentially Gold Bonus payments – if Regent advances to production.

ABOUT RAWHIDE MINING LLC

Rawhide Mining LLC operates the historic Denton-Rawhide Mine, located 2.5 kilometres southeast of Regent. The mine began operations in 1990, producing 1.56 million ounces of gold and 11.5 million ounces of silver by traditional open pit-heap leach methods through 2010. Gold and silver production is ongoing as Rawhide Mining LLC has been expanding the heap leach pads and mining the historical open pit.

ABOUT PILOT GOLD

Pilot Gold is a well-funded gold exploration company led by a proven technical team that continues to discover and define high-quality projects featuring strong grades, meaningful size and mining-friendly addresses. Our three key assets include interests in the TV Tower and Halilaga projects in Turkey, and the Kinsley Mountain project in Nevada, each of which has the ability to become a foundational asset. We also have a pipeline of projects characterized by large land positions and district-wide potential that can meet our growth needs for years to come.

For more information, visit www.pilotgold.com.

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Pilot Gold Inc. (“Pilot Gold”) within the meaning of applicable securities laws, including statements that address the potential receipt of revenue in the future from the royalty or the Gold Bonus. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, copper, silver and other metal prices, the timing and ability of RMC to define a mineral resource and bring the property to production, currency exchange rates and interest rates, favourable operating conditions, political stability, RMC obtaining governmental approvals and financing on time, obtaining renewals for existing licences and permits and obtaining required licences and permits, labour stability, stability in market conditions, and anticipated costs and expenditures by RMC at the Property. Many assumptions are based on factors and events that are not within the control of Pilot Gold and there is no assurance they will prove to be correct.

Such forward-looking information, including, but not limited to, statements that address resource potential, potential quantity and/or grade of minerals, potential size of a mineralized zone, potential expansion of mineralization, the timing and results of future resource estimates by RMC, RMC”s ability to put Regent into production and the estimation of mineral reserves and resources involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Pilot Gold to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks related to the interpretation of results at the Regent property; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; current and proposed exploration and development; the costs and timing of the development of the Regent property by RMC; deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing or in the completion of exploration by RMC as well as those factors discussed in the (final) short form prospectus of the Company dated October 25, 2012, in the section entitled “Risk Factors”, under Pilot Gold”s SEDAR profile at www.sedar.com.

Although Pilot Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Pilot Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information. Further details relating to Pilot Gold are also available in our Annual Information Form, available under Pilot Gold”s SEDAR profile at www.sedar.com.

Marketwire News Archive – Yahoo! Finance

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US STOCKS-Futures gain as China data points to growth

NEW YORK (Reuters) - U.S. stock index futures rose on Thursday, alongside other risk assets, as stronger-than-expected exports in the world's second-biggest economy, China, raised hopes for a more robust recovery in the global economy this year.

Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown, even as demand from Europe and the United States remained subdued.

Adding to the bullish sentiment, Spanish benchmark government bond yields fell below 5 percent to a 10-month low on the back of a strong bond auction that raised more than the target amount.

S&P 500 futures rose 3.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 25 points, and Nasdaq 100 futures added 5 points.

Traders will also focus on the Labor Department release of first-time claims for jobless benefits for the latest week at 8:30 a.m. ET (1330 GMT). Economists in a Reuters survey forecast a total of 365,000 new filings compared with 372,000 in the prior week.

The Commerce Department releases wholesale inventories for November at 10:00 a.m. ET (1500 GMT). Economists expect inventories to rise 0.3 percent, against a 0.6 percent increase in October.

Shares of Duke Realty Corp fell 4 percent in premarket trading after the company announced late on Wednesday an offering of 30 million shares.

(Reporting by Rodrigo Campos; Editing by Bernadette Baum)

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Junior Seau had brain disease CTE

Junior Seau, one of the NFL's best and fiercest players for nearly two decades, had a degenerative brain disease when he committed suicide last May, the National Institutes of Health told The Associated Press on Thursday.

Results of an NIH study of Seau's brain revealed abnormalities consistent with chronic traumatic encephalopathy (CTE).

The NIH, based in Bethesda, Md., conducted a study of three unidentified brains, one of which was Seau's. It said the findings on Seau were similar to autopsies of people "with exposure to repetitive head injuries."

Seau's family requested the analysis of his brain, which was overseen by Dr. Russell Lonser.

Seau was a star linebacker for 20 NFL seasons with San Diego, Miami and New England before retiring in 2009. He died of a self-inflicted shotgun wound.

He joins a list of several dozen football players who had CTE. Boston University's center for study of the disease reported last month that 34 former pro players and nine who played only college football suffered from CTE.

"I was not surprised after learning a little about CTE that he had it," Seau's 23-year-old son Tyler said. "He did play so many years at that level. I was more just kind of angry I didn't do something more and have the awareness to help him more, and now it is too late.

"I don't think any of us were aware of the side effects that could be going on with head trauma until he passed away. We didn't know his behavior was from head trauma."

That behavior, according to Tyler Seau and Junior's ex-wife Gina, included wild mood swings, irrationality, forgetfulness, insomnia and depression.

"He emotionally detached himself and would kind of 'go away' for a little bit," Tyler Seau said. "And then the depression and things like that. It started to progressively get worse."

He hid it well in public, they said. But not when he was with family or close friends.

The NFL faces lawsuits by thousands of former players who say the league withheld information on the harmful effects concussions can have on their health.

Seau is not the first former NFL player who killed himself, then was found to have CTE. Dave Duerson and Ray Easterling are others.

Duerson, a former Chicago Bears defensive back, left a note asking for his brain to be studied for signs of trauma before shooting himself. His family filed a wrongful death suit against the NFL, claiming the league didn't do enough to prevent or treat the concussions that severely damaged his brain.

Easterling played safety for the Falcons in the 1970s. After his career, he suffered from dementia, depression and insomnia, according to his wife, Mary Ann. He committed suicide last April.

Mary Ann Easterling is among the plaintiffs who have sued the NFL.

"It was important to us to get to the bottom of this, the truth," Gina Seau said, "and now that it has been conclusively determined from every expert that he had obviously had it, CTE, we just hope it is taken more seriously.

"You can't deny it exists, and it is hard to deny there is a link between head trauma and CTE. There's such strong evidence correlating head trauma and collisions and CTE."

Tyler Seau played football through high school and for two years in college. He says he has no symptoms of any brain trauma.

Gina Seau's son, Jake, now a high school junior, played football for two seasons, but has switched to lacrosse and has been recruited to play at Duke.

"Lacrosse is really his sport and what he is passionate about," she said. "He is a good football player and probably could continue. But especially now watching what his dad went through, he says, 'Why would I risk lacrosse for football?'

"I didn't have to have a discussion with him after we saw what Junior went through."

Her 12-year-old son, Hunter, has shown no interest in playing football.

"That's fine with me," she said.

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Karzai's U.S. visit a time for tough talk

The last time Presidents Obama and Karzai met was in May in Kabul, when they signed a pact regarding U.S. troop withdrawal.

STORY HIGHLIGHTS

• Afghan President Karzai meeting with President Obama in Washington this week


• Felbab-Brown: Afghan politics are corrupt; army not ready for 2014 troop pullout


• She says Taliban, insurgents, splintered army, corrupt officials are all jockeying for power


• U.S. needs to commit to helping Afghan security, she says, and insist corruption be wiped out

Editor's note: Vanda Felbab-Brown is a senior fellow in foreign policy at the Brookings Institution. Her latest book is "Aspiration and Ambivalence: Strategies and Realities of Counterinsurgency and State-Building in Afghanistan."

(CNN) -- Afghan President Hamid Karzai is meeting this week with President Obama in Washington amid increasing ambivalence in the United States about what to do about the war in Afghanistan.

Americans are tired of the war. Too much blood and treasure has been spent. The White House is grappling with troop numbers for 2013 and with the nature and scope of any U.S. mission after 2014. With the persisting corruption and poor governance of the Afghan government and Karzai's fear that the United States is preparing to abandon him, the relationship between Kabul and Washington has steadily deteriorated.

As the United States radically reduces its mission in Afghanistan, it will leave behind a stalled and perilous security situation and a likely severe economic downturn. Many Afghans expect a collapse into civil war, and few see their political system as legitimate.

Karzai and Obama face thorny issues such as the stalled negotiations with the Taliban. Recently, Kabul has persuaded Pakistan to release some Taliban prisoners to jump-start the negotiations, relegating the United States to the back seat. Much to the displeasure of the International Security Assistance Force, the Afghan government also plans to release several hundred Taliban-linked prisoners, although any real momentum in the negotiations is yet to take place.

Vanda Felbab-Brown

Washington needs to be careful that negotiations are structured in a way that enhances Afghanistan's stability and is not merely a fig leaf for U.S. and NATO troop departure. Countering terrorism will be an important U.S. interest after 2014. The Taliban may have soured on al Qaeda, but fully breaking with the terror group is not in the Taliban's best interest. If negotiations give the insurgents de facto control of parts of the country, the Taliban will at best play it both ways: with the jihadists and with the United States.

Negotiations of a status-of-forces agreement after 2014 will also be on the table between Karzai and Obama. Immunity of U.S. soldiers from Afghan prosecution and control over detainees previously have been major sticking points, and any Afghan release of Taliban-linked prisoners will complicate that discussion.

Karzai has seemed determined to secure commitments from Washington to deliver military enablers until Afghan support forces have built up. The Afghan National Security Forces have improved but cannot function without international enablers -- in areas such as air support, medevac, intelligence and logistical assets and maintenance -- for several years to come. But Washington has signaled that it is contemplating very small troop levels after 2014, as low as 3,000. CNN reports that withdrawing all troops might even be considered.

Everyone is hedging their bets in light of the transition uncertainties and the real possibility of a major security meltdown after 2014. Afghan army commanders are leaking intelligence and weapons to insurgents; Afghan families are sending one son to join the army, one to the Taliban and one to the local warlord's militia.

Patronage networks pervade the Afghan forces, and a crucial question is whether they can avoid splintering along ethnic and patronage lines after 2014. If security forces do fall apart, the chances of Taliban control of large portions of the country and a civil war are much greater. Obama can use the summit to announce concrete measures -- such as providing enablers -- to demonstrate U.S. commitment to heading off a security meltdown. The United States and international security forces also need to strongly focus on countering the rifts within the Afghan army.

Assisting the Afghan army after 2014 is important. But even with better security, it is doubtful that Afghanistan can be stable without improvements in its government.

Afghanistan's political system is preoccupied with the 2014 elections. Corruption, serious crime, land theft and other usurpation of resources, nepotism, a lack of rule of law and exclusionary patronage networks afflict governance. Afghans crave accountability and justice and resent the current mafia-like rule. Whether the 2014 elections will usher in better leaders or trigger violent conflict is another huge question mark.

Emphasizing good governance, not sacrificing it to short-term military expediencies by embracing thuggish government officials, is as important as leaving Afghanistan in a measured and unrushed way -- one that doesn't jeopardize the fledgling institutional and security capacity that the country has managed to build up.

Karzai has been deaf and blind to the reality that reducing corruption, improving governance and allowing for a more pluralistic political system are essential for Afghanistan's stability. His visit provides an opportunity to deliver the message again -- and strongly.

Follow us on Twitter @CNNOpinion

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The opinions in this commentary are solely those of Vanda Felbab-Brown.

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TV drama production in L.A. plunges by 20% in 2012

LOS ANGELES (TheWrap.com) – The filming of TV dramas and reality shows in Los Angeles plummeted in 2012, according to figures released Tuesday by FilmL.A., the non-profit agency that coordinates location shoots in the region.

TV drama shoots were off by 20 percent from 2011, while the filming of reality shows dropped by 11.8 percent. Those numbers overshadowed the report’s good news on overall location shooting, movie production and commercial filming, all of which were up from the previous year.

The TV drama number is critical to the overall health of local filming, because those shows — mainly hour-long, high-end and multiple episodes – employ more people and bring more economic benefits than other types of productions. A typical 22-episode-a-year network series has a budget of $ 60 million and generates 840 direct and indirect jobs, according to the Los Angeles County Economic Development Corp.

The numbers confirm what many had feared since a midyear FilmL.A. report indicated that L.A. was losing its grip on this critical production sector.

Of 23 TV drama pilots launched last year, just two were based in L.A., with the rest being shot in Canada, and other U.S. states including New York and North Carolina.

The TV drama figures clouded the otherwise positive report. Paced by upticks in feature film and commercial shoots, overall on-location production in 2012 rose 4.7 percent from the previous year, to its highest level since 2008.

FilmLA measures filming activity by permitted production days. Last year there were 46,254, compared to 45,484 in the previous year.

Overall TV production was dragged down by the drama and reality losses, falling 3.4 percent for the year (16,762 PPD in 2012 vs.17,349 in 2011). It would have been worse, but for a surge in sitcom production that powered an 11.9 percent fourth quarter increase.

L.A. still dominates in terms of sitcom production, but those are mainly half-hour shows shot primarily on soundstages. Comedy pilots employ fewer people and cost about $ 2 million to produce, compared to $ 5.5 million for drama pilots, the agency said.

“We know that part of the decline in our TV drama figures stems from producers’ desire to cut costs by filming more on studio back-lots and soundstages,” said FilmLA president Paul Audley. “Unfortunately, last year we also saw a record number of new TV drama series shot out of state, resulting in negative economic consequences.”

On-location movie production increased 3.7 percent for the year (5,892 PPD in 2012 vs. 5,682 PPD in 2011). This was the category’s best year since 2008, the year before feature production declined precipitously and state lawmakers enacted the California Film & Television Tax Credit Program.

The Warner Bros.’ movie “Gangster Squad,” which qualified for the state tax credit, provided a bright spot for the program.

The film, which opens Friday, was shot entirely in the city of Los Angeles and prominently features a number of local landmarks including City Hall and Union Station.

It reversed a trend that had seen L.A.-set period films “Hollywoodland” and “Black Dahlia” go elsewhere to film. Those 2006 movies shot some exteriors in Los Angeles, but “Hollywoodland” was produced mainly in Toronto and “The Black Dahlia” was filmed in Bulgaria.

In all, projects that qualified for the state tax credit accounted for 5.9 percent of the total movie shoots last year. Among the films that were shot utilizing the program were “10 Things I Hate About Life,” “Baggage Claim,” “The Bling Ring,” “Dark Skies,” “The Hive,” “Jesus in Cowboy Boots,” “Look of Love,” and “Plush.”

“Last year saw our industry rocked by dramatic changes in the local production landscape,” Audley said. “If we seek a more secure future for filming in Los Angeles, we must continue to innovate and expand upon the programs proven to attract new projects to California.”

Lawmakers last year voted to extend the program, which has been over-subscribed and provides lesser breaks than several competing states, through the 2016-17 fiscal year. New York in particular has become a major lure for producers, having added post-production tax credits last year, on top of filming incentives.

Other projects driving a significant amount of location filming in the L.A..area in 2012 included “Bad Words” and “Star Trek Into Darkness” from director J.J. Abrams.

Commercials production was another bright spot. Commercial shoots increased 14.1 percent for the year (8,078 PPD in 2012 vs. 7,079 in 2011), driven in part by a surge in the number of locally produced Internet commercial projects. Their production accounted for 7.9 percent of the commercials total, well up from the 1.7 percent web-based commercials generated when FilmL.A. first began tracking them in 2008.

Roughly 585,850 jobs directly or indirectly tied to the entertainment industry brought in $ 43.3 billion in labor income in 2011, according to the most recent figures from the Los Angeles County Economic Development Commission. That’s equivalent to 17.6 percent of L.A. County’s 3.3 million jobs. The industry generated $ 5.6 billion in state and local taxes that year.

TV News Headlines – Yahoo! News

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German industry production up less than expected

BERLIN (AP) — Industrial production in Germany, Europe’s biggest economy, rose less than expected in November and not enough to offset a substantial fall the previous month.

The Economy Ministry said Wednesday that production increased by 0.2 percent compared with October, well short of the 1 percent gain economists had expected. The previous month’s decline was revised to 2 percent from the initial reading of 2.6 percent.

Recent data have supported assessments that the economy contracted in last year’s final quarter but that the weakness was likely only temporary. Germany remains in far better shape than many other countries in the 17-nation eurozone.

The November figures were pulled up by a 1.4 percent increase in production of investment goods such as factory machinery.

Economy News Headlines – Yahoo! News

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5 cars to buy with a big bonus from the boss

Cars to buy with your bonus

Surprisingly, there are still companies that pass out year-end cash bonuses, and it’s in that spirit that Bankrate assembled a list of the five best cars to buy with a big bonus.

Not all bonuses are created equal. Consequently, each of the five cars represents an ascending bonus range. Because bonus earners might want to pay cash for their car, the manufacturer’s suggested retail price of each car falls below the dollar amount at the bottom of the range.

Any bonus amount could be used as a down payment for a car. But, to pay the full purchase price in cash of the least expensive car on today’s market, bonus amounts begin at $ 15,000.

Listed car prices are before manufacturer delivery charges and include air conditioning, at least six air bags, power windows, door locks and outboard mirrors.

Fuel economy had no bearing on the choices, but the fuel economy rating in mpg from the Environmental Protection Agency is listed for each car.

If that bonus check is burning a hole in your pocket, Bankrate presents the cars to spend it on.

Yahoo! Finance – Personal Finance

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Global shares buoyed by Alcoa earnings, dollar gains on yen

LONDON (Reuters) - World shares staged a modest recovery from two days of losses on Wednesday after aluminum giant Alcoa opened the U.S. earnings season with an optimistic outlook for world demand.

However, with European and British central banks due to hold policy meetings on Thursday, the same day Spain will test demand for its debt and China releases its latest trade data, investors were in a cautious mood.

Alcoa, the largest aluminum producer in the United States, rose 1.3 percent in after-hours trade after it reported a fourth-quarter profit in line with Wall Street expectations and revenues that beat forecasts.

The results lifted Asian stock markets and pushed Europe's FTSE Eurofirst 300 index <.fteu3> up around 0.2 percent in early trade, leaving the MSCI world equity index <.miwd00000pus> up 0.1 percent. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were flat to 0.2 percent higher.

U.S. stock futures were up 0.15 percent, suggesting a firmer start on Wall Street. <.l><.eu><.n/>

Corporate profits are expected to be higher than the third quarter's lackluster results, but analysts' estimates are down sharply from where they were in October.

"Expectations are quite low going into the earnings season as we saw a lot of downward guidance in the past few months. There is potential for an upside surprise to come through," said Robert Parkes, equity strategist at HSBC Securities.

SOVEREIGN DEBT TEST

In European fixed income markets German Bund prices dipped slightly as investors prepared for the government's auction of 5 billion euros' worth of new five-year bonds following successful debt sales in Austria, the Netherlands and Ireland on Tuesday.

Investors were also looking ahead to Spanish and Italian bond auctions on Thursday for the new year's first test of market appetite for peripheral euro zone debt.

The Spanish auction could also provide clues on the timing of a much anticipated request by Madrid for fresh financial aid from the ECB. [ID:nL5E9C46KK]

The dollar meanwhile climbed against the yen, moving back towards a 2-1/2 year high hit last week, on expectations of a much bolder monetary easing from the Bank of Japan at its next meeting later this month.

The U.S. currency was up 0.7 percent at 87.61 yen, above a near one-week low of 86.82 hit earlier in Tokyo.

"No one is going to want to be short yen going into the BOJ meeting," said Derek Halpenny, European head of FX research at Bank of Tokyo-Mitsubishi.

Sources familiar with the BOJ's thinking told Reuters the central bank was likely to adopt a 2 percent inflation target at the meeting, double its current goal, and issue a statement with the government pledging to pursue bold monetary easing steps.

The BOJ will also consider easing monetary policy again this month, probably through a further increase in its 101 trillion yen ($1.2 trillion) asset buying and lending programme, the sources said.

The euro held steady against the dollar at $1.3080, with most analysts forecasting the European Central Bank will keep interest rates on hold on Thursday, though some believe rates will be cut later this year.

CHINA DEMAND EYED

Brent crude oil slipped around 0.3 percent to below $112 per barrel as the market awaited the latest trade data from China, the world's biggest energy consumer, due on Thursday.

"What we're seeing in the oil markets is the cautious sentiment playing up ahead of some key economic events this week," said Ker Chung Yang, senior investment analyst at Phillips Futures in Singapore.

However, iron ore jumped to its highest since October 2011, stretching a rally that has lifted prices by more than a third since December as China replenished stockpiles and as supply in the spot market remained limited.

Iron ore, a raw material used to make steel, has now risen 83 percent since falling to below $87 in September.

(Additional reporting by Nia Williams and Atul Prakash; Editing by Will Waterman)

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