Hedge fund manager Einhorn takes Apple campaign to shareholders






SAN FRANCISCO (Reuters) – Hedge fund manager David Einhorn, who is battling Apple Inc in court as part of a wider effort to get the iPhone-maker to share more of its cash pile, will now make a direct appeal to the company’s shareholders.


He will host a conference call on Thursday to argue the merits of distributing perpetual preferred stock — his favored way of rewarding shareholders.






Einhorn’s $ 8 billion Greenlight Capital is seeking an injunction to block a February 27 shareholders’ vote on “Proposal 2″ in Apple‘s proxy statement, which would abolish a system for issuing preferred stock at its discretion.


Apple declined to comment on Einhorn’s plan to appeal directly to shareholders. Chief Executive Tim Cook last week dismissed the lawsuit as a “silly sideshow”.


But Cook said the idea of issuing preferred stock was creative and one that Apple’s board was carefully considering, while it ponders other ways to share its $ 137 billion in cash and securities — something Wall Street investors have been seeking for years.


But even as the hedge fund star tries to rally Apple shareholders to his cause, the Nathan Cummings Foundation, which says it has been a limited partner of Greenlight’s through its endowment, said it was “dismayed” that Einhorn was suing Apple to prevent a vote on Proposal 2.


“We very much oppose your decision to enjoin the 2013 annual meeting and the vote on Resolution #2,” Simon Greer, president and CEO of the foundation, said in a letter to Einhorn that was obtained by Reuters.


In response, Greenlight said in a statement: “This is a former investor who redeemed. We wish them well.”


Greer however said later in an emailed statement that the foundation remained an investor with Greenlight through a “pooled fund”, without elaborating.


(Editing by Edwina Gibbs and Stephen Coates)


Tech News Headlines – Yahoo! News





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Diem Brown Blogs: Farewell for Now















02/21/2013 at 04:00 PM EST



In her PEOPLE.com blog, Diem Brown, the Real World/Road Rules Challenge contestant recently diagnosed with ovarian cancer for the second time, opens up about her desire for a child and the ups and downs of cancer and fertility procedures.

First and foremost, I feel so blessed to have been able to share my crazy journey and hear your personal experiences on this PEOPLE.com blog.

Although I won't be posting a blog as often going forward, I am so excited to be able to keep writing and posting blogs here when big things happen in my life and/or when I hear or see something that I think y'all would love to start a conversation about. Please Tweet me at @DiemBrown if you ever have any suggestions or think of a topic that you would like to throw out there!

For instance, I am so curious about Eastern medicine as an addition to the Western medicine regime, so after I give it a real go I would love to share what I learn from it.

I also have I say I am beyond excited about Robin Roberts' return to Good Morning America! She is a true example of a lioness heart. ... She was able to envision her goal of returning to GMA even through all the hardships she endured. Robin had a goal and she invited the world to watch her as she set out to conquer her battle while keeping her goal in mind.

Watching Robin say "Good morning, America," made me instantly smile as you could feel the elated emotion shine from her eyes as she spoke.

We need these sorts of stories to be shared and we need to see that there are real life happy endings. The world is full of hardships and when you are stuck in that dark place you yearn to grab onto any sort of light that can help you see there is hope.

Hope is one of the strongest emotions and hope can overcome fear and despair ... if hope is given enough fuel. So thank you, Robin Roberts, for fueling that hope flame for so many of us fighting our own battles. You have shown that goals can be reached with time by never letting the word quit seep into your mindset.

Congratulations Robin and we are all look forward to continue hearing you say, "Good morning, America," every day.

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Flu shot did poor job against worst bug in seniors


ATLANTA (AP) — For those 65 and older, this season's flu shot is only 9 percent effective against the most common and dangerous flu bug, according to a startling new government report.


Flu vaccine tends to protect younger people better than older ones and never works as well as other kinds of vaccines. But experts say the preliminary results for seniors are disappointing and highlight the need for a better vaccine.


For all age groups, the vaccine's effectiveness is moderate at 56 percent, which is nearly as well as other flu seasons, the Centers for Disease Control and Prevention said Thursday.


For those 65 and older, it is 27 percent effective against the three strains in the vaccine, the lowest in about a decade but not far below from what's expected. But the vaccine did a particularly poor job of protecting older people against the harshest flu strain, which is causing most of the illnesses this year. CDC officials say it's not clear why.


Vaccinations are now recommended for anyone over 6 months, and health officials stress that some vaccine protection is better than none at all. While it's likely that older people who were vaccinated are still getting sick, many of them may be getting less severe symptoms.


"Year in and year out, the vaccine is the best protection we have," said CDC flu expert Dr. Joseph Bresee.


To be sure, the preliminary data for seniors is less than definitive. It is based on fewer than 300 people scattered among five states.


But it will no doubt surprise many people that the effectiveness is that low, said Michael Osterholm, a University of Minnesota infectious disease expert who has tried to draw attention to the need for a more effective flu vaccine.


Among infectious diseases, flu is considered one of the nation's leading killers. On average, about 24,000 Americans die each flu season, according to the CDC.


This flu season started in early December, a month earlier than usual, and peaked by the end of year. Older people are most vulnerable to flu and its complications, and the nation has seen some of the highest hospitalization rates for people 65 and older in a decade.


Flu viruses tend to mutate more quickly than others, and it's not unusual for multiple strains to be spreading at the same time. A new vaccine is formulated each year targeting the three strains expected to be the major threats. But that involves guesswork.


Because of these challenges, scientists tend to set a lower bar for flu vaccine. While childhood vaccines against diseases like measles are expected to be 90 or 95 percent effective, a flu vaccine that's 60 to 70 percent effective in the U.S. is considered pretty good.


By that standard, this year's vaccine is OK. The 56 percent effectiveness figure means people have a 56 percent lower chance of winding up at the doctor for treatment of flu symptoms.


For seniors, a flu vaccine is considered pretty good if it's in the 30 to 40 percent range, said Dr. Arnold Monto, a University of Michigan flu expert.


Older people have weaker immune systems that don't respond as well to flu shots. That's why a high-dose version was recently made available for those 65 and older. The new study was too small to show whether that made a difference this year.


The CDC estimates are based on about 2,700 people who got sick in December and January. The researchers traced back to see who had gotten flu shots and who hadn't. An earlier study put the vaccine's overall effectiveness slightly higher, at 62 percent.


The CDC's Bresee said there's a danger in providing preliminary results because it may result in people doubting — or skipping — flu shots. But the data was released to warn older people who got shots that they may still get sick and shouldn't ignore any serious flu-like symptoms, he said.


The new data highlights an evolution in how experts are evaluating flu vaccine effectiveness. For years, it was believed that if the viruses in the vaccine matched the ones spreading around the country, then the vaccine would be effective. This year's shot was a good match to the bugs going around this winter, including the harsher H3N2 that tends to make people sicker.


But the season proved to be a moderately severe one, with many illnesses occurring in people who'd been vaccinated.


____


Online:


CDC report: http://www.cdc.gov/mmwr


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The Lede: Assad Denies Starting War in New Interview

Last Updated, Thursday, 3:48 p.m. The Syrian president, Bashar al-Assad, denied in an interview broadcast last week on German television that he was responsible for starting the bloody conflict tearing his country apart.

The interview, featured in a new documentary on the conflict in Syria by the filmmaker Hubert Seipel, was conducted in English but later overdubbed in German for broadcast on the network ARD. Mr. Seipel, whose previous film, “I, Putin,” was also a portrait of a strongman, provided The Lede with clips from the documentary in which Mr. Assad’s remarks can be heard in the original English.

The filmmaker said recently that he wanted to speak directly to Mr. Assad because “misinformation and psychological warfare make up a large part of the Syrian civil war.” He explained in an e-mail to The Lede that he was frustrated by watching Syria’s war unfold in YouTube clips selectively edited by the two sides. So, he said, “my intention was just to let Assad speak about his point of view, so that our viewers can make their own judgment in what kind of a separate world he lives.”

Below is a transcript of Mr. Assad’s remarks (in occasionally idiosyncratic English).

On Chemical Weapons: “Have you heard that any country used chemical weapon to fight terrorism? I haven’t heard about it. This is W.M.D weapon of mass destruction. How can I use it to fight groups, small groups of terrorists spreading everywhere, especially in the cities? You fight them in the suburbs. You just mentioned that you hear the shelling in the suburbs, you don’t hear it in the desert, or in far area from the cities. So this is not realistic and not logical. I think they use it as pretext maybe to have more pressure or to have an aggression against Syria.”

On Foreign Fighters: “You cannot talk about good situation while you have assassination and killings of innocent people by terrorists coming from abroad, and some of them are Syrian, to be frank and clear about the situation. But the most important thing is about do they have incubator in the society or not. This where it could be very bad or worse or where you don’t have no hope.”

‘We Didn’t Launch the War’: “We didn’t launch the war and we didn’t choose which kind of war because we didn’t choose it anyway. You have terrorists coming with very sophisticated armaments, nearly all kinds of armaments that they can carry with them and started killing people, destroying infrastructure, destroying public places, everything. How do you defend them? You defend them according to the aggressions that you have, according to the tactics that they use. So they use heavy weaponries. You have to retaliate in the same way.“

On Reforms: “Well the criteria that you used to talk about the speed of reform, nobody has criteria. When you drive your car you know that this is the law here, 100 kilometer, let’s say, per hour. Well about the reform, does anyone has criteria or certain meter? So it’s subjective.”

On Turkey’s Missile Defense: “This is part of the missile shield that they started a year ago in Turkey, but the Turkish didn’t want to say that this is a part of it because many Turks refuse that Turkey is part of this program. The second aspect of it that Erdogan has been trying hard to rally the Turks and to muster support to his policy against Syria, something that he failed. So he distributed the Patriot on our border just to give the impression that Turkey is in danger because Syria may think of attacking Turkey, which is not realistic.”

On Peace Talks: “We started right away discussing the conflict in Syria and I concentrated mainly on the violence. If you want to succeed (I mean I was talking to Kofi Annan at the time.) If you want to succeed, you have to focus on the violence part of your initiative. If you don’t stop the violence, if you don’t stop the terrorists coming to Syria through different countries, mainly Turkey and Qatar, if you don’t stop the money coming inside Syria in order to stoke the fire – the whole initiative will fail. So that was the core of our discussion in the first meeting.”

On His Future: “If it’s about me as president, the decision should be by the Syrian people. If the Syrian people doesn’t want you as president what would you do here? How can you succeed? It should be through national dialogue, and whatever this national dialogue decide, we are going to adopt as a government, of course including me.”

On the Houla Massacre: “The people who were killed in the massacres are state supporters loyal to the government, so how could a militia, loyal to the government, killing people, loyal to the government? This is contradiction, unrealistic. Actually militia of the terrorists coming to that city or to that village and committed the massacre, and they took the photos and put it on YouTube and on the TVs and they said this is the government, which was not realistic. Actually it was committed by the gangs, by the terrorists.”

The full film, with German narration, also includes interviews in English with Kofi Annan, the former United Nations envoy, and Sergey Lavrov, Russia’s foreign minister. After the documentary was broadcast, the Russian foreign ministry posted video and a transcript of Mr. Lavrov’s complete conversation with Mr. Seipel online.


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Twitter begins integrating advertising software






SAN FRANCISCO (Reuters) – Twitter Inc said on Wednesday it is opening up its platform to third-party advertising management software, taking another step to establish its ad-based business model ahead of an initial public offering.


The ads application programming interface, or API, would allow advertisers to connect their existing ad management software to their Twitter account to automate ads on the micro-messaging platform.






Twitter said that it would begin by integrating with ad software by Adobe Systems Inc, Salesforce Inc, Hootsuite, SHIFT and TBG Global.


“With the Ads API, marketers now have more tools in their arsenal to help them deliver the right message, to the right audience, on the desktop and on mobile devices — all at scale,” Twitter product manager April Underwood wrote in a blog post.


Under pressure to show growing revenues, Twitter in recent years has ramped up its ad-serving capabilities while building a sales staff to woo corporate marketers. The firm said last year it would allow marketers to target Twitter users based on a profile of their perceived interests and by location.


Twitter makes money every time a user clicks or retweets a “promoted” message paid for by an advertiser. The new API would allow great automation for advertisers, who previously had to manually write every promoted tweet.


In 2013, Twitter’s ad revenues are expected to grow nearly 90 percent to $ 545 million, according to eMarketer which noted that Facebook Inc experienced similarly rapid growth after opening its API to advertisers in 2011.


(Reporting By Gerry Shih; Editing by Bernard Orr)


Tech News Headlines – Yahoo! News





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Check Out Pregnant Maya Rudolph's Undercover Bump




Celebrity Baby Blog





02/20/2013 at 03:00 PM ET



Michael Bublé Wife's Pregnancy Cravings
Jason Merritt/Getty


What baby bump?


Maya Rudolph, who recently told Up All Night producers that she’s expecting her fourth child with Paul Thomas Anderson, swathed her belly in an animal-print teal and black sheath dress for Tuesday’s Costume Designers Guild Awards.


Keeping mum on her current condition, the actress, 40, did repeatedly remark upon how out of breath she was once she made it up to the stage to present with her former Saturday Night Live costar Amy Poehler.


Rudolph and The Master director, 42, are already parents to daughters Pearl, 7, and Lucille, 3, and son Jack, 19 months.


RELATED: Fourth Child on the Way for Maya Rudolph?


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Obama administration tackles colonoscopy confusion


WASHINGTON (AP) — It's one part of the new health care law that seemed clear: free coverage for preventive care under most insurance plans.


Only it didn't turn out that way.


So on Wednesday, the Obama administration had to straighten out the confusion.


Have you gone for a colonoscopy thinking it was free, only to get a hefty bill because the doctor removed a polyp?


No more.


Taking out such precancerous growths as part of a routine colon cancer screening procedure will now be considered preventive care.


"Polyp removal is an integral part of a colonoscopy," the Department of Health and Human Services said in guidance posted on its website. That conclusion has the backing of several leading medical societies, the department noted.


Also addressed in the notice was genetic testing for breast cancer, coverage of over-the-counter products such as aspirin for heart care and nicotine patches for smoking, and birth control for women. Unlike formal regulations, the guidance does not have the force of law, but advocates for patients say insurers would be ill-advised to ignore it.


President Barack Obama's health care law required most private health plans to cover preventive care at no additional charge to patients. It also expanded preventive coverage without copayments for Medicare recipients. For workers and their families, the expense is borne by the company health plan, which passes on some of those costs in the form of higher premiums. Advocates say preventive care saves the health care system money over time.


Colonoscopy is an expensive test that can cost more than $1,000. It's recommended for adults 50 and over, and has become a rite of passage for aging baby boomers.


News that it would be covered free under the health care law got attention, but that was followed quickly by a letdown when many insurers started charging if a polyp or two was discovered and removed during the procedure.


"Insurers were reclassifying it from a preventive test to a diagnostic procedure," said Stephen Finan, policy director for the American Cancer Society Cancer Action Network. "In some cases the cost-sharing was a significant amount of money."


His group was among several that complained to the administration.


Other free preventive services addressed in Wednesday's guidance:


—Insurers must cover testing, if ordered by a doctor, for rare BRCA genes that dramatically increase the risk of breast cancer. Such tests can cost as much as $3,000.


—Over-the-counter products such as aspirin for heart care and nicotine patches for smoking cessation are covered with a doctor's prescription.


—Insurers won't be able to fulfill the law's requirement to cover contraception as preventive care for women if they only pay for birth control pills. A full range of FDA-approved methods must be covered, including long-acting implant and intrauterine devices. Birth control methods for men are not covered as preventive care.


If a health plan does not have a network doctor who performs a particular preventive service, a patient can see a doctor out-of-network without facing copays or additional charges.


___


Online:


Health and Human Services Department: http://tinyurl.com/au6lzeo


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Wall Street extends losses; Nasdaq off one percent

DEAR ABBY: My boyfriend, "Doug" (24), and I (22) have been in a long-distance relationship for a year, but we were friends for a couple of years before that. I had never had a serious relationship before and lacked experience. Doug has not only been in two other long-term relationships, but has had sex with more than 15 women. One of them is an amateur porn actress.I knew about this, but it didn't bother me until recently. Doug had a party, and while he was drunk he told one of his buddies -- in front of me -- that he should watch a certain porn film starring his ex-girlfriend. ...
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Russian Mother of Adopted Boy Who Died in U.S. Wants His Brother Back





MOSCOW — The Russian mother of two young boys who were adopted by a Texas couple requested on Wednesday that the younger child be returned to her, after his brother died under unclear circumstances in a case that has given new impetus to a long-running controversy over foreign adoptions.




The older boy, Max Shatto, 3, died in a West Texas hospital in late January. His birth mother, Yulia A. Kuzmina, pleaded with President Vladimir V. Putin in a letter on Wednesday to restore her parental rights concerning the younger boy, Kirill, 2.


Russian social services officers took the children away from Ms. Kuzmina in 2011, when Kirill was an infant, saying that she was unfit to raise them because of alcohol addiction. The American couple, Alan and Laura Shatto of Gardendale, Tex., adopted the two boys from a Russian orphanage late last year. Texas officials have received complaints that Max was physically abused and are investigating his death.


“I am the birth mother of Maksim Kuzmin, murdered in the United States by his adoptive family, the Shattos,” Ms. Kuzmina wrote, referring to Max by his pre-adoptive Russian name. “These people have my second son. I accept my guilt before the children, have found work and have the ability to provide for the child. Help me please, don’t allow the death of my second child, Kirill.”


The case has revived an aggressive campaign in Russia to curb adoptions by foreigners, and particularly by American families. The country banned adoptions of Russian orphans by Americans in late December. Opponents criticized the move, saying Russian authorities were using children for political leverage during a period of tense relations with the United States.


Russian investigators say Ms. Shatto beat Max to death, and count him as one of 20 Russian children who were adopted by American families and then died over the past 20 years. On Wednesday, Russia’s chief investigator said he had opened 11 criminal cases in Russian courts against American parents who were acquitted by American courts in connection with such deaths.


In an interview on Russian state television Wednesday, Ms. Kuzmina said she was returning home from a store with sweets for the children in 2011 when she learned that social services had taken Maksim and Kirill away.


“I am guilty for everything that has happened,” she said through tears during the interview. “Now I want to take him back.”


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6 Things Not to Expect from Sony’s PlayStation Event






Would it be fair to call Sony‘s Manhattan-based Feb. 20 shindig “P-day”? We might as well, what with that PlayStation logo headlining Sony’s “Meeting 2013″ event teaser site — a site that’s now sporting a mini-history of most of the hardware that falls under the renowned moniker’s umbrella.


My memories of the first PlayStation’s earliest days are mixed. Maybe that’s because I was playing the thing months in advance. The guy I worked for — the store manager of a Babbages — paid a shedload of cash for a Japanese import model. He liked to drop it in the store display window, then run the Ridge Racer start screen demo to see how many passerby would stop to gawk, or ask what the heck it was. Remember when video games still had that power over us?






(MORE: The Great Hotmail-to-Outlook.com Transition Begins)


Don’t worry, this isn’t my PlayStation retrospective, which, like yours, could probably fill a book three people want to read. Let’s talk instead about Sony’s ballyhooed Wednesday evening event, 6:00pm ET, where we’re expecting to see the company’s next-gen game system. TIME Tech editor Doug Aamoth is kindly attending in my stead and should have all the details straightaway, and you’ll be able to watch things unfold live courtesy the event site.


I’ve already scribbled down a few lessons I hope Sony’s learned since the PS3′s debut in November 2006, so here’s another list — this one of things I’m not expecting from the event. Like…


…something that isn’t the next PlayStation. We don’t know what we don’t know, to paraphrase Donald Rumsfeld, but the way this typically works is, a company announces it’s holding a major media event, the press speculates irresponsibly, and if that speculation morphs into certainty (as it has in this case), the company typically follows up with some sort of off-the-record denial to recalibrate expectations. Sony’s done nothing to quiet the rumor mill here. In fact you could say it’s poured rocket fuel on the rumormongering with its PlayStation retrospective videos, all but guaranteeing that what we’ll see tomorrow night is the next PlayStation. That said, whether Sony dubs it a “PlayStation 4,” something awful like “PlayStation Orbis,” or just goes with something catchall like “PlayStation,” Apple iPad-style, is anyone’s guess.


…a look at the new console and nothing else. Hardware, schmard-ware, we want software that’s interesting, not just pretty. I don’t expect Sony to go into elaborate detail about the next PlayStation’s backend systems, but I’m predicting (okay, really more hoping) that we’ll see event time given to whatever nifty new ecosystem this thing’s going to live in, including some of its hypothetical features, like game streaming (recall that Sony picked up streaming company Gaikai for about $ 380 million last summer and may be planning to tap that technology in lieu of, say, hardware-based backward compatibility). I know, I’m not a huge fan of game streaming either, but I’d rather hear about stuff like that than how many polygons this thing can shove around.


…much about motion-control. Motion-control’s spotlight moment may have passed, but it’s still pretty young technology. Microsoft‘s seemingly cool but too often clumsy Kinect did well enough off the block (driven, I suspect, mostly by hype), but sales slowed to a crawl by mid-2012. Sony’s more precise PlayStation Move — better received overall by critics — started even slower and never quite caught on. (Sony blames this on a lack of compelling software; I concur.) That said, I’m betting Sony’s going to redouble its motion control efforts, angling the experience more toward casual players, but that we won’t see much (or anything) about this at the event. That’d be fine by me, and shouldn’t be interpreted as the company jumping ship.


…much, if any, talk about pricing. The PlayStation 3 was, by all accounts, way too expensive at launch: $ 500 to $ 600, plus $ 60 a pop for games, plus whatever else you had to buy to get started, say an HDMI cable, which back then could go for upwards of $ 50. Whether you blame Sony for not taking a bigger margin hit (by selling for $ 300 to $ 400 at launch) or simply the hardware design team for overbuilding (some estimates put Sony’s PS3 manufacturing costs at $ 800 per system), the sequel to the bestselling game console in history (Sony’s own PS2) launched with negative momentum and, though it eventually made up for some of that lost time with price cuts, still lags behind the Xbox 360 in worldwide sales today. Early reports are that Sony’s next PlayStation could debut for $ 400, but given how much time there is between now and a probable fall launch timeframe — a timeframe during which manufacturing costs could change — don’t expect Sony to throw out specific numbers.


…a quiet, respectable, Apple-style briefing. This is Sony we’re talking about after all. Like Microsoft, the company doesn’t seem to know how to stage a presser that doesn’t feel like a garish Lady Gaga, WWF, Cirque de Soleil mashup. Speaking of, hopefully the company won’t be as pretentious as Microsoft was with its E3 2010 Project Natal (Kinect) launch, forcing everyone to don creepy cult-like ponchos and watch Cirque performers pull off crazy-cool gymnastics that had nothing to do with the actual technology…sort of like suggesting Taylor Swift is going to come play your house if you buy her new album.


…actual hands-on time. I’m thinking this event is meant to be a tease, a chance to highlight a handful of key system features while showing a few graphics-angled sizzle reels and maybe trotting out a few developers to demo stuff. My guess is Sony’s going to keep its powder dry for E3 2013, where, having hyped the merciful you-know-what out of this thing for months, it’ll pull the curtain all the way back and let us scribble to our heart’s content about what it’s like to actually use the thing. Expect to walk away with more questions than answers when the curtain drops, in other words.


What else might we see? In the “wishful thinking” column you could put a Sony designed and branded PlayStation phone (unlikely), a Sony designed and branded PlayStation tablet (surely not), a PlayStation Vita price cut (probable: Sony just dropped the Japan model’s price) as well as news about new Vita games (or updates on previously announced ones) and maybe even a swan song PlayStation 3 price cut. The irony of Sony announcing a reasonably priced next-gen system while dropping the cost of its original wallet-burner would be sweet indeed.


MORE: From Innovation to Marketing: Understanding Technology Cycles


Gaming News Headlines – Yahoo! News





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