Stock futures fall as earnings, data eyed


NEW YORK (Reuters) -


U.S. stock index futures slipped on Tuesday as investors faced what is expected to be a lackluster earnings season, while a batch of economic data was on tap for later in the morning, including retail sales and regional manufacturing.


Fiscal and monetary policy were also at the forefront of investors' minds. On Monday, President Barack Obama rejected any negotiations with Republicans over raising the U.S. borrowing limit. The United States could default on its debt if Congress does not increase the borrowing limit.


Speaking separately on Monday, Federal Reserve Chairman Ben Bernanke urged lawmakers to raise the debt ceiling. The central bank chairman also gave a cautiously optimistic outlook for U.S. growth but no clear hints on when the Fed would curb its aggressive bond purchases.


Corporate earnings season picks up the pace this week and investors are bracing for disappointment. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.


Shares of Dell rose 3.8 percent to $12.76 in premarket trade the day after sources said the company is in talks with private equity firms on a potential buyout.


S&P 500 futures fell 4.8 points and were below 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 were down 16 points, and Nasdaq 100 futures lost 6.75 points.


Homebuilder Lennar reported profit that beat expectations amid a jump in new home orders.


Reports on U.S. retail sales and producer prices for December, as well as manufacturing activity in New York state for January were due at 8:30 am ET (1330 GMT). Business inventories for November will be released at 10:00 am ET.


(Reporting by Leah Schnurr; Editing by Chizu Nomiyama)



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AP source: Lance Armstrong tells Winfrey he doped


AUSTIN, Texas (AP) — Lance Armstrong has finally come clean.


After years of bitter and forceful denials, he offered a simple "I'm sorry" to friends and colleagues and then admitted he used performance-enhancing drugs during an extraordinary cycling career that included seven Tour de France victories.


Armstrong confessed to doping during an interview with Oprah Winfrey taped Monday, just a couple of hours after an emotional apology to the staff at the Livestrong charity he founded and was later forced to surrender, a person familiar with the situation told The Associated Press. The person spoke on condition of anonymity because the interview is to be broadcast Thursday on Winfrey's network.


The confession was a stunning reversal for the proud athlete and celebrity who sought lavish praise in the court of public opinion and used courtrooms to punish his critics.


For more than a decade, Armstrong dared anybody who challenged his version of events to prove it. Finally, he told the tale himself after promising over the weekend to answer Winfrey's questions "directly, honestly and candidly."


Winfrey was scheduled to appear on "CBS This Morning" on Tuesday morning to discuss the interview. She tweeted shortly after the interview: "Just wrapped with (at)lancearmstrong More than 2 1/2 hours. He came READY!"


The cyclist was stripped of his Tour de France titles, lost most of his endorsements and was forced to leave Livestrong last year after the U.S. Anti-Doping Agency issued a damning, 1,000-page report that accused him of masterminding a long-running doping scheme.


The International Cycling Union, or UCI, issued a statement on Tuesday saying it was aware of the media reports that Armstrong had confessed to Winfrey. The governing body for the sport urged Armstrong to tell his story to an independent commission it has set up to examine claims it covered up suspicious samples from the cyclist, accepted financial donations from him and helped him avoid detection in doping tests.


Armstrong started Monday with a visit to the headquarters of the Livestrong charity he founded in 1997 and turned into a global force on the strength of his athletic dominance and personal story of surviving testicular cancer that had spread to his lungs and brain.


About 100 Livestrong staff members gathered in a conference room as Armstrong told them "I'm sorry." He choked up during a 20-minute talk, expressing regret for the long-running controversy tied to performance-enhancers had caused, but stopped short of admitting he used them.


Before he was done, several members were in tears when he urged them to continue the charity's mission, helping cancer patients and their families.


"Heartfelt and sincere," is how Livestrong spokeswoman Katherine McLane described his speech.


Armstrong later huddled with almost a dozen people before stepping into a room set up at a downtown Austin hotel for the interview with Winfrey. The group included close friends and lawyers. They exchanged handshakes and smiles, but declined comment and no further details about the interview were released because of confidentiality agreements signed by both camps.


Winfrey has promoted her interview, one of the biggest for OWN since she launched the network in 2011, as a "no-holds barred" session, and after the voluminous USADA report — which included testimony from 11 former teammates — she had plenty of material for questions. USADA chief executive Travis Tygart, a longtime critic of Armstrong's, called the drug regimen practiced while Armstrong led the U.S. Postal Service team "the most sophisticated, professionalized and successful doping program that sport has ever seen."


USADA did not respond to requests for comment about Armstrong's confession.


Hein Verbruggen, the former president of the International Cycling Union, said Tuesday he wasn't ready to speak about the confession.


"I haven't seen the interview. It's all guessing," Verbruggen told the AP. "After that, we have an independent commission which I am very confident will find out the truth of these things."


For years, Armstrong went after his critics ruthlessly during his reign as cycling champion. He scolded some in public and didn't hesitate to punish outspoken riders during the race itself. He waged legal battles against still others in court.


At least one of his opponents, the London-based Sunday Times, has already filed a lawsuit to recover about $500,000 it paid him to settle a libel case, and Dallas-based SCA Promotions, which tried to deny Armstrong a promised bonus for a Tour de France win, has threatened to bring another lawsuit seeking to recover more than $7.5 million awarded by an arbitration panel.


In Australia, the government of South Australia state said Tuesday it will seek the repayment of several million dollars in appearance fees paid to Armstrong for competing in the Tour Down Under in 2009, 2010 and 2011.


"We'd be more than happy for Mr. Armstrong to make any repayment of monies to us," South Australia Premier Jay Weatherill said.


Betsy Andreu, the wife of former Armstrong teammate Frankie Andreu, was one of the first to publicly accuse Armstrong of using performance-enhancing drugs. She called news of Armstrong's confession "very emotional and very sad," and choked up when asked to comment.


"He used to be one of my husband's best friends and because he wouldn't go along with the doping, he got kicked to the side," she said. "Lance could have a positive impact if he tells the truth on everything. He's got to be completely honest."


Betsy Andreu testified in SCA's arbitration case challenging the bonus in 2005, saying Armstrong admitted in an Indiana hospital room in 1996 that he had taken many performance-enhancing drugs, a claim Armstrong vehemently denied.


"It would be nice if he would come out and say the hospital room happened," Andreu said. "That's where it all started."


Former teammate Floyd Landis, who was stripped of the 2006 Tour de France title for doping, has filed a federal whistle-blower lawsuit that accused Armstrong of defrauding the U.S. Postal Service. An attorney familiar with Armstrong's legal problems told the AP that the Justice Department is highly likely to join the lawsuit. The False Claims Act lawsuit could result in Armstrong paying a substantial amount of money to the U.S. government. The deadline for the department to join the case is Thursday, though the department could seek an extension if necessary.


According to the attorney, who works outside the government, the lawsuit alleges that Armstrong defrauded the U.S. government based on his years of denying use of performance-enhancing drugs. The attorney spoke on condition of anonymity because the source was not authorized to speak on the record about the matter.


The lawsuit most likely to be influenced by a confession might be the Sunday Times case. Potential perjury charges stemming from Armstrong's sworn testimony in the 2005 arbitration fight would not apply because of the statute of limitations. Armstrong was not deposed during the federal investigation that was closed last year.


Armstrong is said to be worth around $100 million. But most sponsors dropped him after USADA's scathing report — at the cost of tens of millions of dollars — and soon after, he left the board of Livestrong.


After the USADA findings, he was also barred from competing in the elite triathlon or running events he participated in after his cycling career. World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what information Armstrong provides and his level of cooperation.


___


Litke reported from Chicago. Pete Yost in Washington also contributed to this report.


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Is China easing up on local media?




A protester calls for greater media freedom outside the headquarters of Nanfang Media Group in Guangzhou on Jan. 9.




STORY HIGHLIGHTS


  • Young: Handling of Southern Weekly row demonstrated tolerant side of new leadership

  • Traditional, newer media can serve as tools for achieving goals in China's modernization

  • The fight against corruption in China is at the top of the list for incoming leader, Xi Jinping

  • Young: Media has also emerged as an important tool for combating other social problems




Editor's note: Doug Young teaches financial journalism at Fudan University in Shanghai and is the author of The Party Line: How the Media Dictates Public Opinion in Modern China published by John Wiley & Sons. He also writes daily on his blog, Young's China Business Blog, commenting on the latest developments in China's fast-moving corporate scene.


Shanghai, China (CNN) -- China's traditional iron-handed approach to the media has taken a surprise turn of tolerance with Beijing's soft handling of a recent dispute with local reporters, in what could well become a more open attitude toward the media under the incoming administration of presumed new President Xi Jinping.


The new openness is being driven in large part by pragmatism, as the government realizes that both traditional and newer media can serve as powerful tools for achieving many of its goals in the country's modernization.


The recent conflict between reporters at the progressive Southern Weekly and local propaganda officials over a censorship incident left many guessing how the government would respond to the first clash of its kind in China for more than 20 years. The result was a surprisingly mild approach, including mediation by a high-level government official and a vague promise for less censorship in the future.


Read: Censorship protest a test for China


The unusually tolerant tack could well reflect a new attitude by Xi and other incoming leaders set to take control of China for the next decade, all of whom have come to realize the media can serve many important functions beyond its traditional role as a propaganda machine.


At the top of Xi's list is the fight against corruption, a problem he has mentioned frequently since taking the helm of the Communist Party last year. The party has tried to tackle the problem for years using its own internal investigations, but progress was slow until recently due to protection many officials received through their own sprawling networks of internal relationships, known locally as guanxi.










Read: Corruption as China's top priority


All that began to change in the last two years with the rapid rise of social media, most notably the Twitter-like microblogs known as Weibo that are now a pervasive part of the Chinese Internet landscape and count hundreds of millions of ordinary Chinese among their users. Those social media have become an important weapon for exposing corruption, allowing thousands of ordinary citizens to pool their resources and build cases against officials they suspect of using their influence for personal gain.


This increasingly sophisticated machine was on prominent display last year in a case involving Yang Dacai, a local official in northwestern Shaanxi province who infuriated the online community by smiling at the site of a horrific accident scene. Netizens quickly turned their outrage into an online investigation, and uncovered photos of him wearing several luxury watches he could hardly afford on his government salary. As a result, the government ultimately opened an investigation into the matter and Yang was sacked from his posts.


In addition to its role in battling corruption, the media has also emerged as an important tool for combating and addressing many of the other social problems that China is facing in its rapid modernization. Barely a week goes by without a report on the latest national food safety scandal or case of illegal pollution in both traditional and social media, with such reports often followed by government investigations.


Beijing leaders have also discovered that the media can also be an important vehicle for improving communication between the government and general public -- something that was a low priority in previous eras when officials only cared about pleasing their higher-up party bosses.


Following a Beijing directive in late 2011, most local government agencies and other organizations have all established microblog accounts, which they use to keep the public informed about their latest activities and seek feedback on upcoming plans. Such input has become a valuable way to temper traditional public mistrust toward the government, which historically didn't make much effort to include the public in any of its internal discussions.


Lastly, the government has also discovered that media, especially social media, can be an effective tool in gauging public opinion on everything from broader national topics like inflation down to very local issues like land redevelopment. Such feedback was difficult to get in the past due to interference by local officials, who tried to filter out or downplay anything with negative overtones and play things up to their own advantage. As a result, central government officials often received incomplete pictures of what was happening in their own country.


With all of these valuable roles to play, the media has become an increasingly important part of Beijing's strategy in executing many of its top priorities.


The government also realizes that a certain degree of openness is critical to letting the media perform many of those roles, which may explain its relatively tolerant approach in the recent Southern Weekly conflict. Such tolerance is likely to continue under Xi's administration, helping to shift more power towards a field of increasingly emboldened reporters at both traditional and new media and away from their traditional propaganda masters.


Follow @CNNOpinion on Twitter.


Join us at Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Doug Young.






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“Struck by Lightning” review: Chris Colfer’s coming-of-age comedy not just for Gleeks






LOS ANGELES (TheWrap.com) – Want to feel like a layabout and as if you’re already way behind schedule in your life?


At just 22 years of age, Chris Colfer has starred in a TV series, “Glee,” for the past four seasons, winning a Golden Globe award and two Emmy nominations for his performance in the breakout role of gay high-school chorister Kurt Hummel.






Now Colfer has written a movie and stars in it and – here’s where the rest of us can start feeling like slackers – “Struck by Lightning” is smart, amusing, modestly scaled and will appeal to a wider audience than just Gleeks who adore Colfer and the Fox series.


Borrowing a page from “Sunset Boulevard,” Colfer begins his slight coming-of-age comedy by letting us know that his character, 17-year old Carson Phillips, is already dead. Carson, a high-school senior with literary ambitions, departs this earth thanks to lightning bolt that strikes his car.


The rest of the movie is an extended flashback to his final year of high school, during which Carson, an outcast, starts a literary journal, hoping his effort will impress the admissions committee at a fancy college sufficiently to approve his application.


The problem? None of his classmates want to contribute. Carson gets around this hurdle by digging up enough dirt to blackmail many of the school’s more popular kids — a jock, cheerleader and goth girl – into joining his endeavor.


The comedy, directed by Brian Dannelly (Showtime’s “Weeds”), sometimes gets more complicated than it needs to be and often feels a wee bit smug, but on the whole this is a promising first effort.


The supporting cast, which includes Rebel Wilson as Carson’s best friend, Allison Janney as his out-of-it single mother, Dermot Mulroney as his absent father and Christina Hendricks as dad’s new wife, all provide solid support, with Wilson, a skilled clown, earning the lion’s share of the laughs.


The 84-minute movie opens in theaters in New York and Los Angeles and several other cities on Friday. It has been available on VOD since December 19.


TV News Headlines – Yahoo! News




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Record year for Heathrow airport







Heathrow has said that it handled 70 million passengers in 2012, the highest number on record, as the crowded airport saw bigger and fuller planes.






Numbers rose 0.9% from 2011, with 3.2% growth in its staple North Atlantic business, and traffic to the Far East and Brazil boosted by new routes.


December was also a record month at the airport, with China traffic up 23%.


But the growth in passenger numbers during 2012 was balanced by a 1.3% drop in cargo passing through the airport.


Heathrow has been operating close to official full capacity for several years.


Besides the spare capacity freed up by cargo, the airport said that the higher passenger numbers had been due to an increase in the aircraft load factor – a measure of how full planes are – from 75.2% to 75.6%, as well as in average aircraft size from 194.8 seats to 197.4.


It meant that the average plane flying through Heathrow was carrying almost 2% more passengers in 2012 than the year before.


The distribution of traffic across different destinations last year reflected the changing fortunes of various countries’ economies:


  • Passenger numbers to Brazil rose 21.6%, due to an increase in the number of flights

Continue reading the main story

ecab2   65261792 heathrow3 Record year for Heathrow airport


Every time there’s a problem with the weather, Heathrow goes up the pole”



End Quote Peter Budd Head of aviation at Arup


  • East Asia rose 6.2% in the year, in part due to recovery from Japan’s 2011 tsunami, and climbed by 14.8% in December from a year earlier as new routes opened

  • The recession-struck eurozone economies of Portugal, Italy, Greece and Spain saw a collective 4.5% drop in traffic in 2012

  • Middle Eastern passenger numbers rebounded 3.4% as the political situation in most of the region stabilised

  • Passenger numbers to India and Africa fell, as routes shifted away from these regions in favour of higher-growth developing economies

“The figures for 2012 show Heathrow is delivering higher passenger numbers despite a tough economic climate,” said Heathrow chief executive Colin Matthews.


“At the same time, passenger satisfaction levels reached record levels.”


The airport is due to complete the reconstruction of Terminal 2 in 2014, which will increase the number of passengers it can handle, but not the number of flights.


Meanwhile, Stansted airport is close to being sold by parent company Heathrow Airports Holdings Ltd – which used to be known as BAA.


Three groups are expected to submit final bids this week for the single-runway airport in Essex.


The favourite is a joint venture between Manchester Airport and the Australian infrastructure investment fund Industry Fund Management.


BAA was told to sell Stansted – as well as Gatwick and either of Glasgow or Edinburgh – in 2009 following an investigation by the Competition Commission.


BBC News – Business





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Alamos Gold Announces Filing of NI 43-101 Technical Report for Mulatos Project






TORONTO, ONTARIO–(Marketwire – Jan 14, 2013) – Alamos Gold Inc. (AGI.TO) (“Alamos” or the “Company”) announced today that is has filed a National Instrument 43-101 (“NI 43-101″) compliant technical report on its Mulatos project on the Canadian Securities Administrators” System for Electronic Document Analysis and Retrieval (“SEDAR”).


The independent technical report, entitled “Minas de Oro Nacional, S.A. de C.V. – Mulatos Project – Technical Report Update (2012)” dated December 21, 2012 (the “Technical Report”), was prepared by K D Engineering of Tucson, Arizona. The Technical Report was authored by Joseph M. Keane, P.E., Marc Jutras, P. Eng., Kenneth J. Balleweg, P.Geo., B.Sc., M.Sc., Herb Welhener, MMSA-QPM, Mark Odell, P.E., Russell Browne, P.E., Susan Ames, Ph.D., P.Ag., and Dawn H. Garcia, P.G., C.P.G., all Qualified Persons as defined by, and independent of Alamos, for the purposes of NI 43-101 requirements and who have prepared or supervised the preparation of the scientific and technical information contained herein. The Technical Report is available on SEDAR at www.sedar.com and will be available on the Company”s website www.alamosgold.com. 






About Alamos


Alamos is an established Canadian-based gold producer that owns and operates the Mulatos Mine in Mexico, and has exploration and development activities in Mexico and Turkey. The Company employs over 600 people in Mexico and Turkey and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighbouring communities. Alamos has approximately $ 350 million cash on hand, is debt-free, and unhedged to the price of gold. As of December 31, 2012 Alamos had 120,871,408 common shares outstanding (125,531,708 shares fully diluted), which are traded on the Toronto Stock Exchange under the symbol “AGI”.


Cautionary Note


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact included in this release, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.


Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.


There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos” expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled “Risk Factors” in Alamos” Annual Information Form. Although Alamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Marketwire News Archive – Yahoo! Finance




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Stock futures mixed as investors eye earnings, Apple


NEW YORK (Reuters) - Stock index futures were mixed on Monday as investors faced a busy week of corporate earnings results, while Apple fell on concerns of decreased demand.


Shares of Apple slid more than 3 percent in premarket trade after a report that the tech giant has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock was down 3.5 percent at $502.02.


Earnings season picks up the pace this week with reports expected from companies including Goldman Sachs , Bank of America , Intel and General Electric . Overall earnings are expected to grow by just 1.9 percent in this reporting period, according to Thomson Reuters data.


Transocean Ltd has disclosed that billionaire activist investor Carl Icahn has acquired a 1.56 percent stake in the offshore rig contractor and is looking to increase that holding. Its shares rose 3.2 percent to $55.80.


S&P 500 futures fell 0.9 points and were below 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 added 3 points, and Nasdaq 100 futures fell 9.25 points.


Boeing could come under renewed pressure after Japan's transport ministry launched an investigation into what caused two fuel leaks on a 787 Dreamliner jet owned by Japan Airlines Co 9201.


United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto.


The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday.


Investors will also be watching a speech from Federal Reserve Chairman, Ben Bernanke, who will be speaking on monetary policy , recovery from the global financial crisis and long-term challenges facing the American economy at 4 p.m. (2100 GMT)


(Reporting by Leah Schnurr; Editing by Theodore d'Afflisio)



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Title games feature Ravens-Pats, 49ers-Falcons


One game is a rematch. The other might feel like one — at least to one of the teams.


For the second straight year in the AFC, the New England Patriots will host the Baltimore Ravens with a trip to the Super Bowl on the line.


In the NFC, it will be San Francisco traveling to Atlanta, with the Falcons defense trying to stop a versatile, running quarterback for the second straight week.


"Russell Wilson and Colin Kaepernick are mobile quarterbacks who throw the ball at extremely accurate levels," Falcons safety Thomas DeCoud said. "We can use this game as a cheat sheet to prepare for next week."


On Sunday, the Falcons barely got past Wilson and the Seattle Seahawks, who overcame a 20-point deficit to take a one-point lead, but gave it up after Matt Ryan drove Atlanta into field goal range and Matt Bryant made a 49-yard kick with 8 seconds left.


Atlanta is the only team not making a repeat appearance in the NFL's final four. Last year, it was the Giants playing, and beating, the 49ers for the NFC title.


On Saturday, Kaepernick passed for 263 yards and rushed for 181 — a playoff record for a quarterback — to defeat Green Bay 45-31.


"We're one step closer to where we want to be," said Kaepernick. San Francisco hasn't been to the Super Bowl since 1995, when Steve Young led the 49ers to their fifth Lombardi Trophy.


Though the Niners must travel cross country for the game, they opened as 3-point favorites in a meeting of teams that played twice a year until 2003, when Atlanta was moved from the NFC West to the NFC South. Their only previous playoff meeting was a 20-18 win for the Falcons in the 1998 divisional playoffs. Atlanta won at Minnesota the next week to make its only Super Bowl.


San Francisco's 20-17 overtime loss last year to the Giants was part of a tense day of football that began with New England's 23-20 victory over the Ravens in the AFC title game.


In that game, Billy Cundiff missed a 32-yard field goal that would have tied the game with 11 seconds left.


This season, Justin Tucker beat out Cundiff for the kicker's job. Tucker hit a 47-yarder against Denver on Saturday to lift the Ravens to a 38-35 win in double overtime, extending Ray Lewis' career for at least one more week and putting the 17-year veteran one win away from his second Super Bowl.


"We fought hard to get back to this point and we're definitely proud of being here," Ravens quarterback Joe Flacco said. "We feel like it's going to take a lot for somebody to come and kick us off that field come the AFC championship game."


Lewis and the Ravens will have to stop the NFL's most potent offense. The Patriots put up 457 yards in a 41-28 victory over Houston, which left them one win away from their sixth Super Bowl in the 2000s.


"I think the two best teams are in the final," Patriots quarterback Tom Brady said. "Baltimore certainly deserve to be here and so do we."


The Patriots were made early 9½-point favorites against the Ravens.


These teams met in the regular season and that game was also decided by a kick — Tucker's 27-yard field goal that sneaked through the right upright for a 31-30 victory. Or did it?


While the Ravens were celebrating, Pats coach Bill Belichick ran to midfield and grabbed a replacement official's arm as he tried to exit the field. The NFL fined Belichick $50,000 for the gesture.


New England is the even-money favorite in Vegas to win the Super Bowl. San Francisco is next at 2-1, followed by Atlanta (5-1) and Baltimore (8-1).


Among the possible Super Bowl story lines:


—The Harbaugh Bowl. Jim Harbaugh coaches the 49ers and John Harbaugh coaches the Ravens.


—A rematch of San Francisco's 41-34 win at New England on Dec. 16 — one of the most entertaining games of the regular season.


___


Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL


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Quest: U.S. economy to dominate Davos




The United States and the sorry state of its political and budgetary process will be the center of attention at Davos, writes Quest




STORY HIGHLIGHTS


  • Quest: Davos is a chance to see where the political and economic landmines are in 2013

  • Quest: People will be speculating about how dysfunctional the U.S. political process has become

  • Quest: Davos has been consumed by eurozone sovereign debt crises for three years




Editor's note: Watch Quest Means Business on CNN International, 1900pm GMT weekdays. Quest Means Business is presented by CNN's foremost international business correspondent Richard Quest. Follow him on Twitter.


(CNN) -- It is that time of the year, again. Come January no sooner have the Christmas trees been taken down, as the winter sales are in full vicious flood the world of business start thinking about going to the world economic forum, better known as Davos.


For the past three years Davos has been consumed by the eurozone sovereign debt crises.


As it worsened the speculation became ever more frantic.....Will Greece leave the euro? Will the eurozone even survive? Was this all just a big German trick to run Europe? More extreme, more dramatic, more nonsense.


Can China be the biggest engine of growth for the global economy. Round and round in circles we have gone on these subjects until frankly I did wonder if there was anything else to say short of it's a horrible mess!


This year there is a new bogey man. The US and in particular the sorry state of the country's political and budgetary process will, I have little doubt, be the center of attention.


Read more: More 'cliffs' to come in new Congress


Not just because Congress fluffed its big test on the fiscal cliff, but because in doing so it created many more deadlines, any one of which could be deeply unsettling to global markets... There is the $100 billion budget cutbacks postponed for two months by the recent agreement; postponed to the end of February.


At exactly the same time as the US Treasury's ability to rob Peter to pay Paul on the debt ceiling crises comes to a head.


Read more: Both Obama, GOP set for tough talks ahead


The Treasury's "debt suspension period" is an extraordinary piece of financial chicanery that if we tried it with our credit cards would get us locked up!! Then there is the expiration of the latest continuing resolution, the authority by which congress is spending money.


There is the terrifying prospect that all these budget woes will conflate into one big political fist fight as the US faces cutbacks, default or shutdown!!


I am being alarmist. Most rational people believe that the worst sting will be taken out of this tail....not before we have all been to the edge...and back. And that is what Davos will have on its mind.


People will be speculating about how dysfunctional the US political process has become and is it broken beyond repair (if they are not asking that then they should be...)




They will be pondering which is more serious for risk...the US budget and debt crises or the Eurozone sovereign debt debacle. A classic case of between the devil and the deep blue sea.




The official topic this year is Resilient Dynamism. I have absolutely no idea what this means. None whatsoever. It is another of WEF's ersatz themes dreamt up to stimulate debate in what Martin Sorrell has beautifully terms "davosian language" In short everyone interprets it as they will.




What I will enjoy, as I do every year, is the chance to hear the global players speak and the brightest and best thinkers give us their take on the global problems the atmosphere becomes febrile as the rock-stars of finance and economics give speeches, talk on panels and give insight.




Of course comes of these musings, it never does at Davos. That's not the point. This is a chance to take stock and see where the political and economic landmines are in 2013. I like to think of Davos as the equivalent of Control/Alt/Delete. It allows us to reboot.


We leave at least having an idea of where people stand on the big issues provided you can see through the panegyrics of self congratulatory back slapping that always takes place whenever you get like minded people in one place... And this year, I predict the big issue being discussed in coffee bars, salons and fondue houses will be the United States and its budgetary woes.







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Britney Spears says quitting






LOS ANGELES (Reuters) – Pop star Britney Spears confirmed on Friday she was leaving “The X Factor” talent show after just one year as a celebrity judge, saying it was time to get back to making music.


Calling it a “very difficult decision,” Spears said in a statement: “I had an incredible time doing the show and I love the other judges and I am so proud of my teens but it’s time for me to get back in the studio.






“Watching them all do their thing up on that stage every week made me miss performing so much! I can’t wait to get back out there and do what I love most,” the “Circus” singer said.


Spears’ most recent album, “Femme Fatale,” was released in March 2011.


Celebrity website TMZ.com reported on Friday that Spears was in talks about a long-term residency gig in Las Vegas. The gambling city is already host to stars like Celine Dion and Shania Twain, who perform for about two years in one of the many hotel and casino venues.


Spears, 31, was recruited to the Fox singing contest “The X Factor” with a reported $ 15 million salary after a 14-year singing career that made her one of the biggest pop stars of the 2000s.


“X Factor” creator Simon Cowell had banked on Spears’ huge fan base and a strong curiosity factor to give his show a second chance with audiences after a disappointing first season in 2011 that ended with the firing of two judges as well as host Steve Jones.


But audiences in fact slumped and the TV show lost about three million regular viewers from its first season to about 9.7 million per episode in 2012. Many fans and TV critics found Spears bland and boring.


The exit of Spears leaves Cowell searching for two new judges to lift the “The X Factor” past its NBC rival, “The Voice,” in the ratings when it returns in September.


Judge and record producer L.A. Reid announced in December finale that he would be returning full time to his job as the head of Epic Records. Spears took “The X Factor” gig with singer Demi Lovato, 20, in May 2012 to fill the judges’ seats left by Paula Abdul and Nicole Scherzinger, who were both fired by Cowell.


(Reporting By Jill Serjeant; Editing by David Brunnstrom)


Music News Headlines – Yahoo! News





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