S&P gains over 1 percent as Wall Street extends rally
Label: Business
North Korean Satellite Most Likely Dead, Astronomers Say
Label: World
The North Korean satellite launched into space last week is out of control and most likely dead, astronomers reported Monday. The apparent failure will not cause the spacecraft to fall quickly back to earth but represents a major setback in Pyongyang’s bid to portray the launching as a patriotic and technological success.
“It’s tumbling and we haven’t picked up any transmissions,” said Jonathan McDowell, a Harvard astronomer who tracks global rocket launchings and space activity. “Those two things are most consistent with the satellite being entirely inactive at this point.”
North Korea’s state-run press, which was preoccupied on Monday with reporting on the somber one-year anniversary of the death of Kim Jong-il, the longtime leader, said nothing about the satellite’s dysfunction. It has been describing the satellite launch as a triumphal achievement of Mr. Kim’s successor, his son Kim Jong-un, done in the face of worldwide criticism and United Nations sanctions on the North’s ballistic missile program.
The satellite, said to be about the size of a washing machine, reportedly carries an onboard camera to observe the earth. That mission requires the spacecraft’s orbit to be rock-steady.
Dr. McDowell said the tumbling implies that onboard systems meant to control and stabilize the craft had failed.
He added that radio astronomers had picked up no signals from the satellite and that optical astronomers had observed it brightening and dimming as it slowly tumbled end over end.
“It’s clear that the rocket part of this mission worked very well for the North Koreans,” Dr. McDowell said in an interview. “They ended up in the right orbit. But the preponderance of the evidence suggests that the satellite failed either during the ascent or shortly afterwards.”
RIM begins BlackBerry 10 tests with business, government clients
Label: TechnologyTORONTO (Reuters) – Research In Motion Ltd said on Monday that it had begun a “beta testing” program that allows 120 companies and government departments to try out its new BlackBerry 10 smartphones before their global launch on January 30.
The Canadian company, which is trying to reverse a sharp decline in market share for the BlackBerry, said the program would enable so-called enterprise customers in business and government to size up the BB10.
Features of the BB10 include the ability to separate personal and business information so that the user can store both without compromising security.
RIM has struggled in recent years to hold on to its base of enterprise customers, which typically pay a higher subscription fee than consumers, as their employees push to use devices such as Apple Inc’s iPhone for business as well as personal communications.
“This is a crucial step for us in getting our large enterprise customers ready to support BlackBerry 10 at the point of launch date, as opposed to post-launch date,” Bryan Lee, senior director for enterprise accounts, said in a phone interview.
RIM is providing the software and handsets at no charge, and the companies do not have to buy anything once the trial is finished.
The company plans to release its quarterly results on Thursday, and analysts expect it to report its third straight loss as it struggles to sell its older devices.
RIM made its name selling mobile email devices to bankers, lawyers and other professionals before expanding to sell phones to consumers.
The company said the BB10 testers were from financial, insurance, healthcare, manufacturing, media, and distribution industries and include 64 Fortune 500 companies, as well as government departments.
Lee would not identify any of the entities, beyond Integris Health and the U.S. Immigration and Customs Enforcement agency, which have both said they are testing the new devices.
The customers have installed test versions of RIM’s new server software, which manages iPhones and devices using Google Inc’s Android software as well as BlackBerrys, and will each receive two preproduction BlackBerry 10 handsets later this week.
RIM shares were down 2.1 percent at C$ 13.59 in morning Toronto Stock Exchange trading.
The stock has rallied from September’s multiyear lows around C$ 6.50 on a wave of optimism over the new devices, but the share price is still far below mid-2008 highs of around C$ 150.
(Reporting by Alastair Sharp; Editing by Lisa Von Ahn)
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Channing and Jenna Dewan-Tatum Expecting a Baby
Label: Lifestyle
Mom & Babies
Celebrity Baby Blog
12/17/2012 at 12:10 PM ET
Bauer Griffin
Channing Tatum is set to earn another title: Sexiest Dad Alive.
The actor and his wife Jenna Dewan-Tatum ”are pleased to announce that they are expecting the birth of their first child next year,” reps for the couple confirm to PEOPLE exclusively.
Crowned PEOPLE’s Sexiest Man Alive in November, the Magic Mike star admitted he and the American Horror Story: Asylum actress, both 32, had babies on the brain, adding a family wasn’t too far off in their future.
“I’m ready; I think she’s ready,” Tatum told PEOPLE recently. “The first number that pops into my head is three, but I just want one to be healthy and then we’ll see where we go after that.”
Left up to Tatum, the couple — who wed in Malibu in 2009 — would be going the distance … all the way into the double digits. “It’s really easy for us guys to say, ‘I want like 15 kids,’” he noted. “Jenna will be like, ‘Well you better get another wife!’”
– Anya Leon with reporting by Julie Jordan and Antoinette Coulton
Experts: No link between Asperger's, violence
Label: HealthNEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.
Asperger's is a mild form of autism often characterized by social awkwardness.
"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.
Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.
A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.
High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.
Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.
"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.
"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.
Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.
Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.
"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.
She said those with Asperger's tend to focus on rules and be very law-abiding.
"There's something more to this," she said. "We just don't know what that is yet."
After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.
__
AP Writer Matt Apuzzo contributed to this report.
___
Online:
Asperger's information: http://1.usa.gov/3tGSp5
Nasdaq up 1 percent on "cliff" talks hope
Label: BusinessNEW YORK (Reuters) - The S&P 500 rose more than 1 percent on Monday as stocks added to gains after President Barack Obama and Republican House Speaker John Boehner met for talks on averting the "fiscal cliff".
The Dow Jones industrial average <.dji> was up 82.30 points, or 0.63 percent, at 13,217.31. The Standard & Poor's 500 Index <.spx> was up 13.60 points, or 0.96 percent, at 1,427.18, after briefly rising more than 1 percent. The Nasdaq Composite Index <.ixic> was up 30.66 points, or 1.03 percent, at 3,002.00.
(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)
Egypt Votes on Constitution; Muslim Brotherhood Expects Approval
Label: WorldLynsey Addario for The New York Times
CAIRO — Millions of Egyptians voted peacefully on Saturday in a referendum on an Islamist-backed draft constitution, hoping that the results would end three weeks of violence, division and distrust between the Islamists and their opponents over the ground rules of Egypt’s promised democracy.
The Muslim Brotherhood, the main Islamist group aligned with President Mohamed Morsi, predicted a big win for ratification. In the districts that voted Saturday, including the opposition strongholds of Cairo and Alexandria, about 57 percent of voters approved the new constitution, according to preliminary tallies by state news media early Sunday morning.
Half of the country will vote next Saturday, in predominantly rural areas that are expected to heavily favor the charter. The relatively narrow margin of victory for the charter so far, combined with low turnout — 33 percent, according to the unofficial tallies, down from 41 percent in a referendum on a temporary constitution last year — seemed likely to embolden the non-Islamist opposition that has called for Mr. Morsi to scrap the charter and convene a new constitutional assembly.
A spokesman for the main coalition opposing the charter said that it had found widespread irregularities in voting and that its leaders would speak later on Sunday. In Cairo, the biggest city, about 56 percent voted no, according to an unofficial tally by the Muslim Brotherhood.
Regardless of the results, the orderly balloting and long lines marked yet another turning point for Egypt’s nearly two-year-old revolution. After three weeks of clashes and threats of a boycott, millions of voters appeared for the moment to pull back from the brink of civil discord and reaffirm their trust in the ballot box, spending hours in long lines to vote in the sixth national election since the ouster of Hosni Mubarak 22 months ago.
It remained to be seen if the losing side would accept the results, or how long the peace might last. Many who voted yes said they were doing so to end the chaos of the transition rather than to endorse the text of the charter. Despite opposition warnings of chaos, the streets of the capital were free of major protests for the first time in weeks.
And if the constitution is approved by the margins his supporters predict, the smooth vote could fortify Mr. Morsi’s power and legitimacy.
Military officers guarded polling places, and there were few reports of violence. Egyptian state media reported nine injuries in clashes around the Nile Delta town of Dakahleya, and that unknown assailants threw Molotov cocktails near the headquarters of a liberal party that had been part of the opposition under Mr. Mubarak.
As they waited in line to vote, neighbors continued to spar over the contentious process that produced the charter. Some said that it had been unfairly steamrolled by Egypt’s new Islamist leaders over the objections of other parties and the Coptic Christian Church, and that as a result the new charter failed to protect fundamental rights.
Others blamed the Islamists’ opponents for refusing to negotiate, in an effort to undermine democracy because they could not win at the ballot box. Many expressed discontent with political leaders on both sides.
“Neither group can accept its opposition,” said Ahmed Ibrahim, 40, a government clerk waiting to vote in a middle-class neighborhood in the Nasr City area of Cairo. Whatever the outcome, he said, “one group in their hearts will feel wronged, and the other group will gloat over their victory, and so the wounds will remain.”
The referendum once promised to be a day when Egyptians realized the visions of democracy, pluralism and national unity that defined the 18-day revolt against Mr. Mubarak. But then came nearly two years of chaotic political transition in which Islamists, liberals, leftists, the military and the courts all jockeyed for power over an ever-shifting timetable.
The document that Egyptians voted on was a rushed revision of the old Mubarak charter, pushed through an Islamist-dominated assembly in an all-night session, after Christian and secular representatives quit in protest. Many international experts faulted the charter as a missed opportunity, stuffed with broad statements about Egyptian identity but riddled with loopholes regarding the protection of rights.
Mayy El Sheikh and Mai Ayyad contributed reporting.
Kelly Clarkson Shows Off Her Canary Diamond Engagement Ring
Label: Lifestyle
Stylewatch
Style News Now
12/16/2012 at 11:25 AM ET
Kelly Clarkson on WhoSay
Looks like the ginormous carat club has a new member.
Kelly Clarkson showed off her engagement ring on WhoSay on Saturday, hours after announcing her engagement to Brandon Blackstock.
“Everyone has been asking about my engagement ring, so here it is,” she wrote. “It’s a yellow canary diamond with diamonds around it and Brandon designed it with Johnathon Arndt! They did an amazing job!”
Clarkson and Blackstock, a talent manager, began dating late last year. But by November, Clarkson was already eager for some bling. She told Ellen DeGeneres, “I mean, he’s got to put a ring on [it] at some point.”
Now that she has her rock, she’s already thinking wedding bands, too. As she wrote on Twitter, “I can’t wait to make Brandon’s ring with Johnathon as well!” Tell us: What do you think of Clarkson’s ring?
PHOTOS: SEE THE BIGGEST STAR ENGAGEMENT RINGS OF 2012!
Experts: No link between Asperger's, violence
Label: HealthNEW YORK (AP) — While an official has said that the 20-year-old gunman in the Connecticut school shooting had Asperger's syndrome, experts say there is no connection between the disorder and violence.
Asperger's is a mild form of autism often characterized by social awkwardness.
"There really is no clear association between Asperger's and violent behavior," said psychologist Elizabeth Laugeson, an assistant clinical professor at the University of California, Los Angeles.
Little is known about Adam Lanza, identified by police as the shooter in the Friday massacre at a Newtown, Conn., elementary school. He fatally shot his mother before going to the school and killing 20 young children, six adults and himself, authorities said.
A law enforcement official, speaking on condition of anonymity because the person was not authorized to discuss the unfolding investigation, said Lanza had been diagnosed with Asperger's.
High school classmates and others have described him as bright but painfully shy, anxious and a loner. Those kinds of symptoms are consistent with Asperger's, said psychologist Eric Butter of Nationwide Children's Hospital in Columbus, Ohio, who treats autism, including Asperger's, but has no knowledge of Lanza's case.
Research suggests people with autism do have a higher rate of aggressive behavior — outbursts, shoving or pushing or angry shouting — than the general population, he said.
"But we are not talking about the kind of planned and intentional type of violence we have seen at Newtown," he said in an email.
"These types of tragedies have occurred at the hands of individuals with many different types of personalities and psychological profiles," he added.
Autism is a developmental disorder that can range from mild to severe. Asperger's generally is thought of as a mild form. Both autism and Asperger's can be characterized by poor social skills, repetitive behavior or interests and problems communicating. Unlike classic autism, Asperger's does not typically involve delays in mental development or speech.
Experts say those with autism and related disorders are sometimes diagnosed with other mental health problems, such as depression, anxiety, bipolar disorder or obsessive-compulsive disorder.
"I think it's far more likely that what happened may have more to do with some other kind of mental health condition like depression or anxiety rather than Asperger's," Laugeson said.
She said those with Asperger's tend to focus on rules and be very law-abiding.
"There's something more to this," she said. "We just don't know what that is yet."
After much debate, the term Asperger's is being dropped from the diagnostic manual used by the nation's psychiatrists. In changes approved earlier this month, Asperger's will be incorporated under the umbrella term "autism spectrum disorder" for all the ranges of autism.
__
AP Writer Matt Apuzzo contributed to this report.
___
Online:
Asperger's information: http://1.usa.gov/3tGSp5
Wall Street Week Ahead: Holiday "on standby" as clock ticks on cliff
Label: BusinessNEW YORK (Reuters) - The last two weeks of December are traditionally quiet for stocks, but traders accustomed to a bit of time off are staying close to their mobile devices, thanks to the "fiscal cliff."
Last-minute negotiations in Washington on the so-called fiscal cliff - nearly $600 billion of tax increases and spending cuts set to take effect in January that could cause a sharp slowdown in growth or even a recession - are keeping some traders and analysts from taking Christmas holidays because any deal could have a big impact on markets.
"A lot of firms are saying to their trading desks, 'You can take days off for Christmas, but you are on standby to come in if anything happens.' This is certainly different from previous years, especially around this time of the year when things are supposed to be slowing down," said J.J. Kinahan, chief derivatives strategist at TD Ameritrade in Chicago.
"Next week is going to be a Capitol Hill-driven market."
With talks between President Barack Obama and House Speaker John Boehner at an apparent standstill, it was increasingly likely that Washington will not come up with a deal before January 1.
Gordon Charlop, managing director at Rosenblatt Securities in New York, will also be on standby for the holiday season.
"It's a 'Look guys, let's just rotate and be sensible" type of situation going on," Charlop said.
"We are hopeful there is some resolution down there, but it seems to me they continue to walk that political tightrope... rather than coming up with something."
Despite concerns that the deadline will pass without a deal, the S&P 500 has held its ground with a 12.4 percent gain for the year. For this week, though, the S&P 500 fell 0.3 percent.
BEWARE OF THE WITCH
This coming Friday will mark the last so-called "quadruple witching" day of the year, when contracts for stock options, single stock futures, stock index options and stock index futures all expire. This could make trading more volatile.
"We could see some heavy selling as there is going to be a lot of re-establishing of positions, reallocation of assets before the year-end," Kinahan said.
RETHINKING APPLE
Higher tax rates on capital gains and dividends are part of the automatic tax increases that will go into effect next year, if Congress and the White House don't come up with a solution to avert the fiscal cliff. That possibility could give investors an incentive to unload certain stocks in some tax-related selling by December 31.
Some market participants said tax-related selling may be behind the weaker trend in the stock price of market leader Apple . Apple's stock has lost a quarter of its value since it hit a lifetime high of $705.07 on September 21.
On Friday, the stock fell 3.8 percent to $509.79 after the iPhone 5 got a chilly reception at its debut in China and two analysts cut shipment forecasts. But the stock is still up nearly 26 percent for the year.
"If you owned Apple for a long time, you should be thinking about reallocation as there will be changes in taxes and other regulations next year, although we don't really know which rules to play by yet," Kinahan said.
But one indicator of the market's reduced concern about the fiscal cliff compared with a few weeks ago, is the defense sector, which will be hit hard if the spending cuts take effect. The PHLX Defense Sector Index <.dfx> is up nearly 13 percent for the year, and sits just a few points from its 2012 high.
(Reporting by Angela Moon; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)
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