S&P 500 posts biggest monthly gain since October 2011

NEW YORK (Reuters) - Stocks edged lower on Thursday on caution ahead of Friday's all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011.


The benchmark S&P 500 advanced 5.1 percent in January as investors cheered a compromise that temporarily postponed the impact of the "fiscal cliff" and fourth-quarter earnings were better than expected.


The S&P 500 registered its largest monthly advance since a rise of more than 6 percent in October 2011 and the best January showing since a 6.1 percent jump in 1997. For the month, the Dow gained 5.8 percent and the Nasdaq rose 4.1 percent.


Investors expect a pullback in equities after the recent gains, though they have bought on dips over the past four weeks. The largest daily decline on the S&P 500 so far in 2013 was Wednesday's 0.39 percent drop after data showed the economy contracted in the fourth quarter of 2012.


On Friday, the government is due to release January's employment figures at 8:30 a.m. (1330 GMT). Economists polled by Reuters expect non-farm payrolls to show employers added 160,000 jobs compared with a rise of 155,000 in December. The unemployment rate is likely to hold steady at 7.8 percent.


A survey by payroll processing company ADP on Wednesday showed private sector employment rose higher than expected last month, but the government's measure of jobless benefits claims increased last week.


"It's the calm before the potential storm. The uncertainty about tomorrow's numbers comes from that fact that we had a decent ADP report but the weekly claims were not so great," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.


In a separate report, the Commerce Department said American incomes rose 2.6 percent last month, the biggest increase since December 2004.


"We could see an overly sensitive market to a bad number tomorrow, given that we've been up without a major correction, and that makes the market sensitive to the downside."


Friday will also bring reports on consumer confidence, U.S. manufacturing, construction spending and car sales.


Limiting losses on the Nasdaq composite index, Qualcomm gained 3.9 percent to $66.02 after the world's leading supplier of chips for cellphones beat analysts' expectations for quarterly profit and revenue and raised its targets for the year.


Facebook shares fell 0.8 percent to $30.98 after falling as low as $28.74 a day after the social network company said it doubled its mobile advertising revenue in the fourth quarter. However, growth trailed some of Wall Street's most aggressive estimates.


The Dow Jones industrial average <.dji> was down 49.84 points, or 0.36 percent, at 13,860.58. The Standard & Poor's 500 Index <.spx> was down 3.85 points, or 0.26 percent, at 1,498.11. The Nasdaq Composite Index <.ixic> was down 0.18 points, or 0.01 percent, at 3,142.13.


UPS shares lost 2.4 percent to $79.29 after reporting fourth-quarter earnings that were below analysts' estimates on Thursday and forecasting weaker-than-expected profit for 2013.


Constellation Brands shares tumbled 17.4 percent to $32.36 after the U.S. Justice Department moved to stop Anheuser-Busch InBev from buying the half of Mexican brewer Grupo Modelo that it does not already own. Constellation would have distributed Corona beer in the United States if the transaction had been approved.


Thomson Reuters data through Thursday morning shows that of the 231 companies in the S&P 500 that have reported earnings this season, 69.3 percent have exceeded expectations, a higher proportion than over the past four quarters and above the average since 1994.


Overall, S&P 500 fourth-quarter earnings rose 3.7 percent, according to Thomson Reuters data. That's above a 1.9 percent forecast at the start of the earnings season but well below a 9.9 percent profit growth forecast on October 1.


(Reporting By Angela Moon; Editing by Nick Zieminski and Kenneth Barry)



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5 Super Bowl ads that enlist viewer help


Advertisers are finding new ways to get viewers into the game during Super Bowl XLVII, which airs on CBS on Sunday. Here are 5 campaigns that enlist viewer help in one form or another.


1. Coca-Cola created an online game that pits a troupe of showgirls, biker-style "badlanders" and cowboys against each other in a race to find a Coke in the desert. Viewers are encouraged to vote for their favorite group and set up obstacles that delay other groups on CokeChase.com. Obstacles include a traffic light or getting a pizza delivered, which both waste time. Coca-Cola's online game is alluded to in a Super Bowl ad and the winning group — which has the most "for" votes and the least "obstacle" votes will be announced after the Big Game. Coke will also give the first 50,000 people who vote a free Coke.


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Online:


www.cokechase.com


2. For its halftime intro spot, Pepsi, the sponsor of the Super Bowl halftime show, created a collage of 1,000 user-submitted photos that are stitched together to create a 30-second video that looks like one person jumping to the tune of Beyonce's "Countdown." The spot introduces the pop star's halftime show.


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Online:


www.halftime.pepsi.com


3. Toyota invited people to submit photos of themselves on Instagram or Twitter between Jan. 2 to Jan. 12 with the hashtag (hash)wishgranted. The photos were entered into a contest to win a spot on Toyota's Super Bowl ad. The ad stars Kaley Cuoco from CBS's "The Big Bang Theory" granting wishes. A photo of the winner, Ryan Koch of Fitchburg, Wis., will be featured in the ad.


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Online:


http://www.youtube.com/watch?v=iymBRSUfz9U&feature=youtu.be&noredirect=1


4. Ford Motor Co. enlisted late-night talk show host Jimmy Fallon to choose road trip stories submitted via Twitter with the hashtag (hash)steerthescript for its Lincoln Super Bowl ad. The story line of the Lincoln ad was developed from 6,117 Tweets and stars rapper Joseph "Rev Run" Simmons and Wil Wheaton, who acted in "Star Trek: The Next Generation."


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Online:


www.steerthescript.com


5. Audi let viewers choose one of three possible endings for its Game Day spot by voting online on Jan. 25 for 24 hours. The ad shows a boy who gets enough confidence from driving his father's Audi to the prom to kiss his dream girl, even though he is then decked by her boyfriend. Audi allowed people to vote for one of three potential endings for the ad.


In one possible ending, the boy drives home alone in triumphant. Another ending shows him palling around with friends. The third shows the boy going home and finding a prom picture of his parents in which his dad has a similar black eye.


The first ending, called "Worth it," won. Audi, which declined to say how many people voted, said "Worth It," was by far the most popular, getting more than half of the total views and the most "thumbs up" out of all three versions.


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Online:


http://www.youtube.com/watch?v=ANhmS6QLd5Q


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Sun Grows Super-Hot ‘Dragon Tail’ in Amazing NASA Video






A NASA spacecraft studying the sun has recorded amazing video of a giant plume of super-hot plasma erupting from the star’s surface, only to crash back down hours later.


The solar plasma eruption, which NASA scientists nicknamed a “Dragon Tail,” rose up from the sun’s surface today (Jan. 31) and was spotted by the agency’s Solar Dynamics Observatory, a powerful spacecraft that constantly records the sun’s weather in different wavelengths of light.






A video of the Dragon Tail solar eruption shows a tendril of solar plasma, which scientists call a “filament,” extending across the northeastern face of the sun over the course of four hours. Near the end of the event, the filament begins to break apart.


“Some of the plasma was released into space but not all could escape the gravitational pull of the sun,” SDO mission officials explained in a video description. “It’s not surprising that plasma should fall back to the sun. After all, the sun’s gravity is powerful. ”


Filaments are plasma formations on the sun sculpted by the star’s intense magnetic field, with one end anchored to the sun’s surface. The other end can extend through the sun’s outer atmosphere, called the corona, hundreds of thousands of miles into space.


Filament structures typically last about a single day, though stable ones can exist for months at a time, SDO officials explained. The plasma in filaments consists of super-hot helium and hydrogen that is electrically charged, they added.


NASA’s Solar Dynamics Observatory is one of several spacecraft constantly monitoring the sun for signs of solar flares, eruptions and other space weather events. The sun is currently in an active phase of its 11-year solar weather cycle and is expected to reach its peak activity period in 2013. The current sun weather cycle is known as Solar Cycle 24.


You can follow SPACE.com Managing Editor Tariq Malik on Twitter @tariqjmalikFollow SPACE.com for the latest in space science and exploration news on Twitter @Spacedotcom and on Facebook.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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Fear and loathing in Egypt's Port Said

























Behind the mask


Scales of justice


Moment of truth


Fans celebrate


Armed and ready


Rally at the club


Portrait of the dead


ACAB


Down with Morsi


Army in control


Port Said women protest


Al Masry ultras


The sound of machine guns


Aftermath


Protest


Shots fired


Empty stands


Harrowing reminder





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STORY HIGHLIGHTS


  • Chaos erupted in Egypt after 21 people were sentenced to death following a football riot

  • More than 70 people died after match in Port Said between local club Al Masry and Al Ahly

  • Egyptian league was suspended and has yet to restart due to threats of further violence

  • Verdicts for 52 other defendants who were arrested after riot is expected March 9




(CNN) -- The faces of more than 70 young men and boys bore down on the crowd of thousands outside Al Ahly's training complex in Cairo.


As many as 15,000 members of the Ahlawy, the organized ultras fan group of Egypt's most popular soccer club, had gathered here early for the news they, and the country, had been waiting almost a year to hear.


At 10 a.m. a judge was to deliver a verdict on one of the darkest moments in the history of the game.


It happened on February 1, 2012, when more than 70 -- those young men and boys whose faces now appear on a billboard high above the entrance of the club -- lost their lives after a match in the Mediterranean city of Port Said, against local club Al Masry.


Most of the dead were crushed when the Al Masry fans stormed the pitch.








The players sprinted for their lives, finding sanctuary in the dressing room. And then the floodlights went out.


When the lights came back on 10 minutes later, the dead lay piled in a tunnel, in front of a locked, metal gate that had prevented escape before it collapsed under the weight of bodies.


Direct action


Seventy-three people were arrested, many accused of murder. They were mostly Al Masry fans, but included several members of the security forces.


The man allegedly responsible for cutting the power to the lights was also arrested. The Ahlawy suspected that a hidden hand was at work.


There were conspiracy theories, many asked questions: was this just a football rivalry gone very wrong? Or did police allow the violence as payback against the ultras for their part in the revolution?


Read: Clashes erupt after Egypt court sentences


The Ahlawy had played a crucial role in the revolution. They were an organized group of tens of the thousands of young men willing to fight the police -- as they had both inside and out of Egypt's soccer stadiums for the previous four years -- to make their voices heard.


The authorities denied any collusion. It was a tragic accident, they said. Hooliganism and ineptitude, no more, no less, no hidden hand.


But many of the Ahlawy fans were not convinced. The Egyptian soccer league was canceled and the Ahlawy waged a successful direct action campaign to prevent its restart until justice had been served.


The young men waited for the verdict on Saturday. Several had come armed, in anticipation of a further postponement or, worst still, a not guilty verdict. Some carried clubs, others homemade pistols and double-barreled sawn-off shotguns.


Tear gas


At 10 a.m. the judge rose on national television and delivered his verdict. Twenty-one of the accused were sentenced to death. The verdicts for the remaining defendants are expected March 9.


The news swept through the crowd, reducing those in its path to tears of joy; teenagers who had lost friends, mothers who had lost sons, wives who had lost husbands.











Scores dead in Egypt soccer riot














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"It's a very good decision by the court," said Mihai, a member of the Ahlawy who had come to hear the verdict. As with all the ultras, he declined to give his last name.


The guns that had been brought in anticipation of violence were fired into the sky in celebration.


One fan fired an automatic pistol until it jammed. He inspected the piece of failing, unfamiliar equipment. Unable to fix it, he tucked it into his belt and jumped into the sea of celebrating men.


"We hope it will be a perfect ending for this story. We have been waiting for this for so long. For 21 to get executed is a very good decision. So now we wait for the police decision. For sure it wasn't just them that made this," Mihai said.


Back in February, with the raw memories of Port Said just a few weeks old, the Ahlawy had demanded that those responsible should be put to death.


With the court verdict, they received their wish. Justice, they believed, had been served. At least partially.


"The police will be (put to) trial on March 9," said Mohamed, a founding member of the Ahlawy.


The previous night -- on the Egyptian revolution's anniversary -- Cairo was blanketed in tear gas as protesters roamed the streets surrounding Tahrir Square, venting their anger at President Mohamed Morsy and what they see as a lack of any real reforms.


Many, including the Ahlawy, expected further confrontations after the verdict.


But as the crowd moved inside the complex, holding a rally on the club's main soccer pitch, it became clear that no fighting would take place that day.


"I feel satisfied that some of those who committed what we suffered a year ago are going to face what they deserve," said Ahmed, another founding member of the Ahlawy who believed that the right decision had been made.


"It's a strong verdict but they don't deserve less than a strong verdict. Nobody ever wants to see someone dying but when someone kills he deserves a death sentence. He deserves that his life is taken. I don't see a way the police can get away with this."


Port Said ignited


Not everyone was happy, especially those who saw the verdict as a potential springboard to challenge Morsy, whom many of the Ahlawy view as no different from Hosni Mubarak, the former dictator who ruled Egypt for almost 30 years.


"They are giving us something of a painkiller to take out the anger from the young lads -- for me it is not enough," said Hassan, an Ahly fan standing on the training ground pitch.









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"All the other political movements and parties were looking at what was going to happen today. Everyone had their hopes for the ultras and now they have given us this painkiller and it has lost its momentum of something really happening against the new regime," he added.


But what had -- if only temporarily -- calmed the Ahlawy, it ignited Port Said.


The verdicts were greeted with astonishment, disbelief, and anger by Al Masry's fans and the families of the 73 accused who had gathered outside the prison in Port Said where the suspects were held.


Like the Ahlawy supporters in Cairo, they too had come prepared. Two policemen were shot dead as the relatives tried to storm the prison. The police fired back. At least 30 people were killed in clashes. Among them was a former Al Masry player.


President Morsy addressed the nation and announced a 30-day curfew, from 9 p.m. until 6 a.m. in the cities worst effected by the violence.


A few hours before the first curfew was due to fall, a storm rolled into Port Said. The streets were empty, the skies dark and pregnant with rain as 9 p.m. approached.


The only sound was the faint, periodic burst of gunfire. It emanated from near the Al Arab police station by the sea.


Smoldering barricades


On approaching it, the dead streets suddenly came alive, as if the entire energy of the city had been focused on one point. Barricades made from burning tires separated the police from groups of young men, exchanging rocks for gunfire.


The clashes had followed the funeral of more protesters, killed the day after the violence outside the prison.


"There are some injuries here," a member of the Red Crescent said as he sheltered from the gunfire in a side street. Ambulances flew by, their sirens blaring.


"We've seen gun bullets from the government. In four days we have seen more than 450 (injured)."


The prospects of a hastily arranged march to defy Morsy's curfew, looked bleak.


But at 8.30 p.m. a crowd of thousands gathered near the same spot the Red Crescent had been waiting to ferry the injured to hospital. They marched through the smoldering barricades towards where the gunfire had previously come from.


Now the army, not the police, was in charge.


Armored personnel carriers and armed troops were stationed on street corners and outside important military and civilian buildings.


At its core were the fans of Al Masry ultras group the Green Eagles. But they were by no means alone. The marchers had come from all sections of Port Said. Several hundred women marched together, denouncing Morsy and Cairo.


The curfew came and went, the crowd mocking its passing. "It's 9 o'clock!" they chanted as they passed the stationed troops.


But there was no animosity towards the army. The police was the enemy. Protesters took it in turns to hug and kiss the young soldiers.


Few would readily admit to being Al Masry fans, nor say whether they were there on that fateful night almost a year ago that set in motion this chain of deadly events.


Vendetta


What they would say is that they believed a miscarriage of justice had taken place, that Morsy had sacrificed Port Said to prevent chaos in Cairo, that traditional antipathy towards Port Said was at play.


"People are truly sure that these people (the 21 sentenced to death) didn't kill anyone. We didn't do it and they (the Ahlawy) don't believe we didn't do this," said Tariq Youssef, a 32-year-old accountant who was on the march with a friend.


"Al Masry will not be back for five years. I'm a big Masry fan. But I can't go anywhere. All the supporters for the big teams in Cairo or anywhere believe that Al Masry supporters did this."


For Tariq, admitting to being an Al Masry supporter outside of Port Said was impossible.


"They say, 'You killed them the Ahly supporters. You are like a terrorist.' Nobody believes us we didn't do anything here. There will be no football in the next five years."


As the march moved back towards the place it had started, machine gun fire rang out once again.


This time it was all around the march, front and back. The crowd scattered. A protester had been shot dead at the back of the march, next to the Al Arab police station.


"In three days we have lost 21 people, judged to be executed, and also about 39 murdered and many injured so there is no family which have not lost a friend, a colleague, a neighbor.


"You can consider this a sort of vendetta between the people and the police," said Muhammad el Agiery, an English tutor who had stayed until the end.


"People are going to stay out all of the night, every day for a month. They reject and refuse the curfew imposed by Morsy," he added.


The next morning the storm was gone and the sun was shining. But the cycle of violence continues. Another funeral march will begin, another barricade will likely be set on fire, and another curfew broken.







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Hadiya Pendleton: Slain girl made anti-gang video

Four years ago Hadiya Pendleton, then in sixth grade at Carter G. Woodson Elementary School, made an anti-gang video with fellow students. She was fatally shot this week.









The sixth-grader can barely keep from smiling, self-conscious in front of the camera as she delivers a very serious message.

"Hi, my name is Hadiya. This commercial is informational for you and your future children," she begins. "So many children out there are in gangs and it's your job as students to say no to gangs and yes to a great future."






The video then shows shots of a boy slumped in a stairwell, another boy sprawled against a locker, a girl lying on the floor against a wall as a classmate next to Hadiya says, "So many children in the world have died from gang violence. More than 500 children have died from being in the wrong place at the wrong time."

Four years after Hadiya Pendleton made that public service video at Carter G. Woodson Elementary School, police are saying the same thing about her.

Hadiya had just finished her final exams at King Prep High School, where she was a sophomore, and was hanging out with friends from the school's volleyball team when she was gunned down in a park in the 4400 block of South Oakenwald Avenue. Thursday afternoon, police announced the reward for information leading to an arrest in the shooting had increased to $24,000, up from $11,000 announced Wednesday.

Hadiya and the others had sought shelter from a rainstorm under a canopy at the park around 2:20 p.m. Tuesday when a gunman jumped a fence, ran toward them and opened fire, police said.

As the teens scattered, Hadiya and two teenage boys were shot. Hadiya was hit in the back and pronounced dead at Comer Children's Hospital less than an hour after the shooting. The wounds suffered by the boys were not life-threatening.

Police Superintendent Garry McCarthy stressed that neither Hadiya nor anyone in the group she was with were involved with gangs. But it appears the gunman mistook the students for members of a rival gang, he said. The shooter was last seen fleeing in a white Nissan.

“These were good kids by everything that I learned," McCarthy said at a Wednesday news conference, where a reward of $11,000 was announced. "Wrong place at the wrong time.”

Hadiya was shot a little more than a week after performing with the King College Prep band in Washington during President Barack Obama's inauguration festivities. The shooting occurred in a park about a mile north of Obama's Kenwood home.

The shooting has drawn the attention of both the White House, which is pushing for national gun control, and City Hall as Chicago closes on a violent January. Hadiya was the 42nd homicide victim this year in the city, where killings last year climbed above 500.

Hadiya's father, Nathaniel Pendleton, pleaded for someone to step forward and bring the 15-year-old's killer to justice.

"She was destined for great things," he said.

Hadiya was a majorette with the band at King, one of the city's elite selective-enrollment schools. She dreamed of going to Northwestern University and talked about becoming a pharmacist or a journalist, maybe a lawyer.

Police have reported no arrests.



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Syria protests over Israel attack, warns of "surprise"


BEIRUT/AMMAN (Reuters) - Syria protested to the United Nations on Thursday over an Israeli air strike on its territory and warned of a possible "surprise" response.


The foreign ministry summoned the head of the U.N. force in the Israeli-occupied Golan Heights to deliver the protest a day after Israel hit what Syria said was a military research centre and diplomats said was a weapons convoy heading for Lebanon.


"Syria holds Israel and those who protect it in the Security Council fully responsible for the results of this aggression and affirms its right to defend itself, its land and sovereignty," Syrian television quoted it as saying.


The ministry said it considered Wednesday's Israeli attack to be a violation of a 1974 military disengagement agreement which followed their last major war, and demanded the U.N. Security Council condemn it unequivocally.


U.N. Secretary-General Ban Ki-moon expressed "grave concern". "The Secretary-General calls on all concerned to prevent tensions or their escalation," his office said, adding that international law and sovereignty should be respected.


Israel has maintained total silence over the attack, as it did in 2007 when it bombed a suspected Syrian nuclear site - an attack which passed without Syrian military retaliation.


In Beirut on Thursday Syria's ambassador said Damascus could take "a surprise decision to respond to the aggression of the Israeli warplanes". He gave no details but said Syria was "defending its sovereignty and its land".


Diplomats, Syrian rebels and security sources said Israeli jets bombed a convoy near the Lebanese border on Wednesday, apparently hitting weapons destined for Hezbollah. Syria denied the reports, saying the target was a military research centre northwest of Damascus and 8 miles from the border.


Hezbollah, which has supported Assad as he battles an armed uprising in which 60,000 people have been killed, said Israel was trying to thwart Arab military power and vowed to stand by its ally.


"Hezbollah expresses its full solidarity with Syria's leadership, army and people," said the group which fought an inconclusive 34-day war with Israel in 2006.


Russia, which has blocked Western efforts to put pressure on Syria at the United Nations, said any Israeli air strike would amount to unacceptable military interference.


"If this information is confirmed, we are dealing with unprovoked attacks on targets on the territory of a sovereign country, which blatantly violates the U.N. Charter and is unacceptable, no matter the motives," Russia's foreign ministry said.


Iranian deputy foreign minister Hossein Amir Abdullahian said the attack "demonstrates the shared goals of terrorists and the Zionist regime", Fars news agency reported. Syrian President Bashar al-Assad portrays the rebels fighting him as foreign-backed, Islamist terrorists, with the same agenda as Israel.


An aide to Supreme Leader Ayatollah Ali Khamenei said on Saturday Iran would consider any attack on Syria as an attack on itself.


In battle-torn Damascus, residents doubted Syria would fight back. One mother of five said she had heard retaliation would come later. "They always say that. They'll retaliate, but later, not now. Always later," she said, and laughed.


"The last thing we need now is Israeli fighter jets to add to our daily routine. As if we don't have enough noise and firing keeping us awake at night."


BLASTS SHOOK DISTRICT


Details of Wednesday's strike remain sketchy and, in parts, contradictory. Syria said Israeli warplanes, flying low to avoid detection by radar, crossed into its airspace from Lebanon and struck the Jamraya military research centre.


But the diplomats and rebels said the jets hit a weapons convoy heading from Syria to Lebanon and the rebels said they - not Israel - attacked Jamraya with mortars.


One former Western envoy to Damascus said the discrepancy between the accounts might be explained by Jamraya's proximity to the border and the fact that Israeli jets hit vehicles inside the complex as well as a building.


The force of the dawn attack shook the ground, waking nearby residents from their slumber with up to a dozen blasts, two sources in the area said.


"We were sleeping. Then we started hearing rockets hitting the complex and the ground started shaking and we ran into the basement," said a woman who lives adjacent to the Jamraya site.


The resident, who declined to be named because of the sensitivity over the strike, said she could not tell whether the explosions which woke her were the result of an aerial attack.


Another source who has a relative working inside Jamraya said a building inside the complex had been cordoned off and flames were seen rising from the area after the attack.


"It appears that there were about a dozen rockets that appeared to hit one building in the complex," the source, who also asked not to be identified, told Reuters. "The facility is closed today."


Israeli newspapers quoted foreign media on Thursday for reports on the attack. Journalists in Israel are required to submit articles on security and military issues to the censor, which has the power to block any publication of material it deems could compromise state security.


Syrian state television said two people were killed in the raid on Jamraya, which lies in the 25-km (15-mile) strip between Damascus and the Lebanese border. It described it as a scientific research centre "aimed at raising the level of resistance and self-defense".


Diplomatic sources from three countries told Reuters that chemical weapons were believed to be stored at Jamraya, and that it was possible that the convoy was near the large site when it came under attack. However, there was no suggestion that the vehicles themselves had been carrying chemical weapons.


"The target was a truck loaded with weapons, heading from Syria to Lebanon," said one Western diplomat, echoing others who said the convoy's load may have included anti-aircraft missiles or long-range rockets.


The raid followed warnings from Israel that it was ready to act to prevent the revolt against Assad leading to Syria's chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies.


A regional security source said Israel's target was weaponry given by Assad's military to fellow Iranian ally Hezbollah.


Such a strike or strikes would fit Israel's policy of pre-emptive covert and overt action to curb Hezbollah and does not necessarily indicate a major escalation of the war in Syria. It does, however, indicate how the erosion of the Assad family's rule after 42 years is seen by Israel as posing a threat.


Israel this week echoed concerns in the United States about Syrian chemical weapons, but its officials say a more immediate worry is that the civil war could see weapons that are capable of denting its massive superiority in airpower and tanks reaching Hezbollah; the group fought Israel in 2006 and remains a more pressing threat than its Syrian and Iranian sponsors.


(Additional reporting by Mariam Karouny and Oliver Holmes in Beirut, Gabriela Baczynska in Moscow and Marcus George in Dubai; editing by David Stamp and Philippa Fletcher)



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Wall Street ends lower after Fed statement

NEW YORK (Reuters) - Stocks fell on Wednesday after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary.


Stocks were flat for most of the session prior to the Fed statement at the end of a two-day policy meeting. The Fed repeated its pledge to keep purchasing securities until employment improves substantially.


The statement followed data that showed the economy, as measured by gross domestic product, unexpectedly contracted in the fourth quarter. Economists stressed that the 0.1 percent contraction, caused partly by a plunge in government spending and lower business inventories, is not an indicator of recession.


"The unemployment rate is likely to fall below 6.5 percent next year, so the Fed may be raising interest rates as soon as mid-2014. The fiscal drag from the tax increases will be offset this quarter by rebuilding post-Sandy, so real GDP growth should still come in at 2 percent," said Kurt Karl, chief economist at Swiss Re.


The S&P 500 held above 1,500, seen by technical analysts as an inflection point that will determine the overall direction in the near term. The index is on track to post its best month since October 2011 and its best January since 1997.


"This is a very modest pullback after a steep run," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.


"It is too soon for the Fed to start talking about the end of (their bond buying program). The economy needs stimulus to sustain this recovery."


Chesapeake Energy rose 6 percent to $20.11 a day after it said Aubrey McClendon would step down as chief executive. The company has had a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.


After the bell, shares of Facebook Inc fell 5.9 percent to $29.40 following the company's earnings announcement. Facebook said its revenue in the fourth quarter grew 40 percent year-on-year to $1.585 billion.


Both Boeing Co and Amazon.com shares gained after earnings beat expectations, continuing a trend this quarter of high-profile names advancing after results.


Amazon rose 4.8 percent to $272.76 and Boeing rose 1.3 percent to $74.59.


The Dow Jones industrial average <.dji> was down 44.00 points, or 0.32 percent, at 13,910.42. The Standard & Poor's 500 Index <.spx> was down 5.88 points, or 0.39 percent, at 1,501.96. The Nasdaq Composite Index <.ixic> was down 11.35 points, or 0.36 percent, at 3,142.31.


Thomson Reuters data showed that of the 192 companies in the S&P 500 that have reported earnings this season, 68.8 percent have been above analyst expectations, which is a higher proportion than over the past four quarters and above the average since 1994.


Research In Motion shares fell 12 percent to $13.78 after the company, which is changing its name to BlackBerry, unveiled a long-delayed line of smartphones in hopes of a comeback into a market it once dominated.


Giving the market extra support, private sector employment topped forecasts with the ADP National Employment report showing 192,000 jobs were added in January, higher than the 165,000 expectation.


(Reporting by Angela Moon; Editing by Kenneth Barry)



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Lewis says he's 'agitated,' not angry about story


NEW ORLEANS (AP) — Smiling, even laughing, at questions about a report linking him to a company that purports to make performance-enhancers, Baltimore Ravens linebacker Ray Lewis said Wednesday he "never, ever took" the stuff.


Lewis described himself as "agitated," not angry, that the story has become part of the Super Bowl-week prelude to Baltimore's game against the San Francisco 49ers on Sunday.


He added that he's certain his teammates won't be distracted by the report in Sports Illustrated. The magazine said Lewis sought help from a company that says its deer-antler spray and pills contain a banned product connected to human growth hormone. The 37-year-old Lewis is the leading tackler in the NFL postseason after returning from a torn right triceps that sidelined him for 10 games.


In a private conversation with Ravens head coach John Harbaugh, and later in the public setting of a news conference, Lewis distanced himself from Sports With Alternatives To Steroids (SWATS). SI reported that company owner Mitch Ross recorded a call with Lewis hours after the player hurt his arm in an October game against Dallas. According to the report, Lewis asked Ross to send him deer-antler spray and pills, along with other items made by the company.


"It's so funny of a story because I never, ever took what he says or whatever I was supposed to do. And it's just sad once again that someone can have this much attention on a stage this big, where the dreams are really real," Lewis said Wednesday, wearing his white No. 52 Ravens jersey, gray sweat pants and a black hat with the team's purple logo. "I don't need it. My teammates don't need it. The 49ers don't need it. Nobody needs it."


The magazine reported that when it spoke to Lewis for its story, he acknowledged asking Ross for "some more of the regular stuff" on the night of the injury and that he has been associated with the company "for a couple years."


Lewis' stance Wednesday was different.


"He told me there's nothing to it. ... He's told us in the past, he's told us now, that he's never taken any of that stuff, ever. And I believe Ray. I trust Ray completely. We have a relationship. I know this man. And I know what he's all about," Harbaugh said. "It's just too bad it has to be something that gets so much play."


Christopher Key, a co-owner of SWATS, said in a telephone interview that the company removed from its website NFL players' endorsements because "all the players were given letters by the NFL two years ago saying they had to cease and desist and could not continue to do business with us anymore."


NFL spokesman Greg Aiello confirmed that, but did not respond to other requests for comment about the company or Lewis' involvement.


Key said the deer-antler products made by SWATS "helped the body repair, regrow and rejuvenate" and that "you will never fail a drug test from taking our product."


He added that SWATS has sold its products to more than 20 college football players each at Southeastern Conference schools Alabama, Auburn, Mississippi, LSU and Georgia.


Alabama has sent two cease and desist letters to the company, university spokeswoman Debbie Lane said, adding: "UA has been aware of this situation for some time, and we have monitored this company for several years."


Auburn spokesman Kirk Sampson said that school sent a cease-and-desist letter in 2011.


In an emailed statement, Ross said: "It is the view of SWATS and Mitch Ross that the timing of information was unfortunate and misleading and was in no way intended to harm any athlete. We have always been about aiding athletes to heal faster and participate at an optimum level of play in a lawful and healthy manner. We never encourage the use of harmful supplements and/or dangerous drugs."


Harbaugh didn't think his players would be bothered a bit by the subject this week, dismissively waving his left hand while saying: "As a football team, it's not even a factor for us."


Known for his frequent references to God and faith, 2001 Super Bowl MVP Lewis called the whole episode a "joke" and a "trick of the devil," adding that he told teammates: "Don't let people from the outside ever come and try to disturb what's inside."


Faced with a handful of questions about SWATS, and on-field topics, Lewis never had to deal with a single reference to a dark chapter in his life: He pleaded guilty to obstruction of justice in connection with a double murder after a Super Bowl party at an Atlanta nightclub in 2000.


"We all in here have a past. You know? But how many people actually dwell into it? You know? Nah, it ain't about your past. It's about your future," Lewis said in response to a question about the Ravens keeping focused on Sunday's game.


"And for me and my teammates, I promise you, we have a strong group of men that we don't bend too much," he said, raising a clenched right fist, "and we keep pushing forward. So it's not a distraction at all for us."


Asked about deer-antler spray, San Francisco's tight end Vernon Davis' take was, "I don't think Ray would take any substance."


Carlos Rogers, a 49ers cornerback, chuckled when asked about it and what effect the headlines could have on the Ravens.


"I don't think they'll get a distraction. I don't know what to make of that. I heard it was something that can't be detected. They can't test (for) it, anyway," Rogers said. "Him saying that he's never failed a test, he probably hasn't failed a test for what they test for."


___


AP Sports Writer John Zenor in Tuscaloosa, Ala., contributed to this report.


___


Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


___


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


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Macquarie analyst downgrades Exxon Mobil






NEW YORK (AP) — Macquarie Equities Research downgraded Exxon Mobil because it doesn’t believe shares have much more room to move to the upside. Shares are nearing an all-time high after rising 6 percent over the past month.


THE OPINION: “We believe that Exxon will struggle to generate production growth in the near term, and now forecast essentially flat production in both 2013 and 2014, with about 1.5 percent growth in 2015 when liquefied natural gas projects in Papua New Guinea and Australia begin to ramp up,” wrote analyst Jason Gammel.






Gammel downgraded Exxon shares to “Neutral” from “Outperform” and lowered his price target by $ 2 to $ 99, saying that Exxon’s production and stock buybacks will both be lower than he previously expected.


Exxon Mobil Corp. has been buying back shares at a pace of about $ 5 billion per quarter, but Gammel believes that pace will slow to $ 15 billion in stock for 2013 and possibly $ 10 billion in stock next year.


“Combined with the 2.5 percent dividend yield, this is still a robust 6 percent total cash return to shareholders. However, it would represent a retrenchment and the market seldom rewards a reduction in cash returns,” Gammel wrote.


THE SHARES: Down $ 1.10 to $ 90.66 in afternoon trading. Over the past 52 weeks, the company’s shares have traded between $ 77.13 and $ 93.67.


Energy News Headlines – Yahoo! News





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BlackBerry must remember strengths




BlackBerry CEO Thorsten Heins displays one of the new Blackberry 10 smartphones at the product launch January 30.




STORY HIGHLIGHTS


  • BlackBerry sales have slumped in the U.S. but is still strong in emerging markets

  • New models launched should remember why they are popular in developing world

  • In places like Brazil and South Africa, the 10 is the update to their current phone

  • in Sub-Saharan Africa there is expected to be 175 million new customers in the next 3 years




Watch Jim Clancy on CNN International's "The Brief" at 4p.m. ET GMT Friday.


(CNN) -- BlackBerry's loss of market share in the U.S. is the stuff of legends. Last fall, it was estimated only about 2% of American phone users were still carrying their BlackBerry mobile with its iconic keypad.


But consider this: sub-Saharan Africa is expected to add 175 million new mobile users in just the coming 3 years. That's according to the GSMA, which represents the world's mobile operators.


"Mobile has already revolutionized African society and yet demand still continues to grow by almost 50 percent a year," said Tom Phillips, Chief Government and Regulatory Affairs Officer, GSMA.


That could be good news indeed for BlackBerry. Research in Motion, the maker of BlackBerry, estimates it holds a 70% market share in countries like South Africa.


The company's new phones, announced this week, are not the ones some of its best customers in emerging markets would like to buy. They're too expensive. But Research in Motion -- which also this week changed its company name to BlackBerry -- is pledging some of its six new models will address that.


While millions in China, Europe and the U.S. have adopted Android or iOS smartphones with a vengeance, millions more users in emerging markets are enthused about what's in store for the new BlackBerry 10. It's the update for what many of them are already using.






They live in countries like Brazil, Malaysia, Nigeria, Kenya and South Africa. They have embraced the BlackBerry for a combination of factors that all point to the different way mobile devices are used.


Unlike their counterparts in Europe and America, the mobile in their pocket is more likely to be their primary link to the internet.


BlackBerry Messenger is the connection that allows these users unlimited conversations without paying charges for SMS data. While young, brand-conscious Chinese may be willing to part with several months' salary to buy the latest iPhone, African users are looking for more practical (and cheaper) connections.


What separates developed countries from their developing counterparts at street level can be summed up in a single word: infrastructure.


Isobel Coleman, senior fellow and Director of the Civil Society, Markets and Democracy Initiative at the Council on Foreign Relations, says mobile technology has proved it can bridge the gap where infrastructure is lacking.


"It's a culture, it's an economy, it's innovation, education, healthcare, it's all of these things," says Coleman.


You can take that to the bank. For many Africans, their cell phone account is the first bank account they've ever owned.


In emerging markets, mobile phone banking is growing because of the lack of infrastructure. Fewer bank branches often mean long distances to travel and long lines once you've arrived.


Africans are expected to transfer more than $200 billion per year or 18% of the continent's GDP by 2015.


Oh, and that keyboard. No matter where you are in the world, there will always be a demand for a keyboard that clicks. The company appears to understand that as BlackBerry 10 models come with both soft keypads and the traditional BlackBerry buttons.


I asked some of my Twitter followers to weigh in on the BlackBerry 10 roll out. While some said Android or Apple's iOS were in their future plans, many others expressed continued enthusiasm for the BlackBerry.


Soji, a pianist and teacher in Nigeria tweeted back "I'm falling in love with this BB. Cheaper to own."


From Kuala Lumpur, Amir wrote "I need a physical keyboard to type while also having a touch-screen for photos etc. Security factor also important."


Hans-Eric from South Africa reinforced the sentiments of many mobile users in emerging markets: "The cost of data is simply too high without it (BlackBerry.)"


The voices from emerging markets couldn't have been clearer. What they expect from BlackBerry 10 is a stronger, longer lasting battery, durability and continued low cost connectivity.


CFR's Coleman agrees that BlackBerry (and anyone else) trying to win and hold this mobile device sector has to understand how these devices are being used and give the customers what they want.


"Cheap. Rugged. Not too many bells and whistles. Practical."


There is little doubt smartphones are changing the way people use the internet, how they bank, shop and interact socially.


But it's worth keeping in perspective that in a world where there are now an estimated 1 billion smartphones, there are 5 billion feature phone users. That's a lot of upside growth potential for BlackBerry and all the other players out there.







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