Tuesday, April 30, 2013

Safeway names Edwards to succeed Burd as CEO

LOS ANGELES (Reuters) - Safeway Inc on Monday said Robert Edwards, the supermarket operator's president, will succeed Steven Burd as chief executive when Burd retires from the chairman and CEO posts on May 14.

Edwards, 57, also will join the company's board of directors.

Edwards joined Safeway as executive vice president and chief financial officer in 2004. In April 2012, he was named president in charge of retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions. He continued as CFO until Peter Bocian succeeded him in that role in February.

T. Gary Rogers, currently Safeway's lead independent director, will become the company's non-executive chairman upon Burd's departure.

Shares in Safeway rose 0.1 percent to $23.54 in after-hours trading following the news.

(Reporting by Lisa Baertlein in Los Angeles; Editing by Leslie Adler)

Source: http://news.yahoo.com/safeway-names-edwards-succeed-burd-ceo-213707842.html

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Monday, April 29, 2013

Riverbed results miss estimates as customers cut spending

By Chandni Doulatramani

(Reuters) - Riverbed Technology Inc reported quarterly results below analysts' estimates due to weak spending by businesses and the U.S. government, and it forecast a lackluster second quarter, sending its shares down 8 percent.

Businesses have tightened purse strings amid political and economic uncertainty, while federal spending has slowed due to automatic cost cuts that came into effect in March after Congress failed to find an alternative plan to reduce a yawning budget deficit.

Riverbed gets a little more than 10 percent of its revenue from the government.

The company expects adjusted earnings in the range of 21 cents to 22 cents per share for the second quarter, on revenue of $255 million to $260 million.

Analysts were expecting adjusted earnings of 25 cents per share on revenue of $273.4 million, according to Thomson Reuters I/B/E/S.

The weak government spending and the soft economy also led rivals Juniper Networks Inc and F5 Networks Inc to give disappointing revenue outlooks for the current quarter.

"The government vertical was most notably below our original forecast with particular weakness due to sequestration," Chief Executive Jerry Kennelly said on a call with analysts.

Sequestration is a series of automatic spending cuts that came into effect in March after Congress failed to find an alternative budget plan.

A wide array of companies ranging from U.S.-based Delta Air Lines Inc and US Airways Group to Britain's Smiths Group Plc have warned of lower revenue due to government spending cuts in the United States.

Riverbed expects federal spending to be muted through the first half of the year.

Riverbed, a market leader in the wide area network (WAN) business with its flagship Steelhead products that can boost data flow speeds by up to 100 times, had been relatively insulated from spending cuts until now.

The company bought Opnet, which makes software to manage traffic on networks, last year to counter the impact of the slowdown in its business. Riverbed's annual revenue growth has fallen to 15 percent from 40 percent over the last three years.

"The culprits are weaker federal spending than they anticipated. But they also have integration issues with Opnet. (Sales from) Opnet is expected to decline in the June quarter," FBN Securities analyst Shebly Seyrafi told Reuters.

Seyrafi said network equipment makers and security companies are vulnerable to sequestration. He expects federal spending to improve in the back half of the year, but said it could take even longer than that.

Riverbed's total operating costs more than doubled to $187.9 million in the first quarter ended March 31. Acquisition-related costs rose to $4.1 million from $556,000 a year earlier.

Net loss was $8.1 million, or 5 cents per share, compared with a profit of $6.9 million, or 4 cents per share.

Excluding items, the company earned 23 cents per share.

Revenue rose 35 percent to $246 million.

Analysts on average had expected adjusted earnings of 24 cents per share on revenue of $261.2 million.

Riverbed shares, which have fallen about 26 percent in the last three months, were at $13.68 in extended trading. They closed at $14.85 on the Nasdaq on Monday.

(Reporting by Chandni Doulatramani and Sayantani Ghosh in Bangalore; Editing by Maju Samuel)

Source: http://news.yahoo.com/riverbed-posts-loss-opnet-acquisition-costs-202248542.html

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Sunday, April 7, 2013

Artificial ovary mimics real hormone levels

AN ARTIFICIAL ovary could make hormone replacement therapy (HRT) a thing of the past.

Women with damaged ovaries or who are post-menopausal don't produce sex hormones, which can lead to osteoporosis. Daily HRT helps, but can have side effects.

Emmanuel Opara at Wake Forest University, North Carolina, and colleagues placed two types of hormone-producing cells from rat ovaries inside an algal capsule, then exposed it to chemicals from the pituitary gland that stimulate hormone production. The cells made sex hormones in the same proportions as healthy ovaries (Biomaterials, doi.org/kxv). The hormone capsule would react more dynamically than HRT with fewer side effects, the team say.

This article appeared in print under the headline "Fake ovary replaces missing hormones"

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Friday, April 5, 2013

Blackberry shutting down BBM Music on June 2nd, points users to Rdio

Blackberry shutting down BBM Music on June 2nd, points users to Rdio

BBM Music may only be roughly a year and a half old, but Blackberry announced in an email to subscribers that it'll be put out to pasture on June 2nd, and April is the last month they'll be charged for it. For those who aren't familiar with BBM Music, it lets users keep up to 50 songs hand-picked from a larger selection in a playlist, and listen to tunes that friends keep in their own collections. Come May, tracks will appear greyed out and become unplayable as BBM contacts stop using the app. Of course, there are other ways to get your music fix. The company formerly known as RIM went so far as to recommend Rdio, giving folks a voucher code for a 30-day pass in the email.

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Source: http://www.engadget.com/2013/04/04/blackberry-to-shut-down-bbm-music-june-2/

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Thursday, April 4, 2013

A comet, not an asteroid, may have killed the dinosaurs, experts propose

Apr. 4, 2013 ? In a geological moment about 66 million years ago, something killed off almost all the dinosaurs and some 70 percent of all other species living on Earth. Only those dinosaurs related to birds appear to have survived. Most scientists agree that the culprit in this extinction was extraterrestrial, and the prevailing opinion has been that the party crasher was an asteroid.

Not so, say two Dartmouth researchers. Professors Jason Moore and Mukul Sharma of the Department of Earth Sciences favor another explanation, asserting that a high-velocity comet led to the demise of the dinosaurs.

Recently, asteroids have been in the headlines. On February 15, 2013, an asteroid exploded in the skies over Siberia. Later that day, another swept past Earth in what some regard as a close call -- just 17,000 miles away.

The asteroid impact theory of extinction began with discoveries by the late physicist and Nobel Laureate Luis Alvarez and his son, the geologist Walter Alvarez, a professor at the University of California, Berkeley. In 1980 they identified extremely high concentrations of the element iridium in a layer of rock known as the K-Pg (formerly called K-T) boundary. The layer marks the end of the Cretaceous period (abbreviated "K"), the epoch of the dinosaurs, and the beginning of the Paleogene period, with its notable absence of the large lizards.

While iridium is rare in Earth's crust, it is a common trace element in rocky space debris such as asteroids. Based on the elevated levels of iridium found worldwide in the boundary layer, the Alvarezes suggested that this signaled a major asteroid strike around the time of the K-Pg boundary -- about 66 million years ago. Debate surrounded their theory until 2010, when a panel of 41 scientists published a report in support of the Alvarezes' theory. The panel confirmed that a major asteroid impact had occurred at the K-Pg boundary and was responsible for mass extinctions.

The scientific community today looks to the deeply buried and partially submerged, 110-mile wide Chicxulub crater in Mexico's Yucat?n as the place where the death-dealing asteroid landed. The 66-million-year age of Chicxulub, discovered in 1990, coincides with the KT boundary, leading to the conclusion that what caused the crater also wiped out the dinosaurs.

Moore and Sharma do agree with fellow scientists that Chicxulub was the impact zone, but dispute the characterization of the object from space as an asteroid. In a paper presented to the 44th Lunar and Planetary Conference on March 22, 2013, they described their somewhat controversial findings.

Moore notes that in the past geochemists toiled away, isolated from their geophysicist colleagues, each focused on his or her particular area of expertise. "There hadn't been a concerted synthesis of all the data from these two camps," says Moore. "That's what we've tried to do."

The Dartmouth duo compiled all the published data on iridium from the K-Pg boundary. They also included the K-Pg data on osmium -- another element common in space rock. In sifting through all this they found a wide range of variability, so consequently kept only the figures they demonstrated to be most reliable. "Because we are bringing a fresh set of eyes into this field, we feel our decisions are objective and unbiased," says Sharma.

For example, they deleted data drawn from deep ocean cores where there were very high amounts of iridium. "We discovered that even then there was a huge variation. It was much worse in the oceans than on the continents," Sharma said. "We figured out that the oceanic variations are likely caused by preferential concentration of iridium bearing minerals in marine sediments."

In the final analysis, the overall trace element levels were much lower than those that scientists had been using for decades and being this low weakened the argument for an asteroid impact explanation. However, a comet explanation reconciles the conflicting evidence of a huge impact crater with the revised, lower iridium/osmium levels at the K-Pg boundary.

"We are proposing a comet because that conclusion hits a 'sweet spot.' Comets have a lower percentage of iridium and osmium than asteroids, relative to their mass, yet a high-velocity comet would have sufficient energy to create a 110-mile-wide crater," says Moore. "Comets travel much faster than asteroids, so they have more energy on impact, which in combination with their being partially ice means they are not contributing as much iridium or osmium."

Moore attributes much of the early resistance to a comet impact theory to a lack of knowledge about comets in general. "We weren't certain whether they were dirty snowballs or icy dirt balls," he says. "Today, we are inclined toward the icy dirt ball description."

Comet composition and physical structure were unknown, but with the advent of NASA missions to comets like "Deep Impact" in 2010, a much larger database has been developed. "We now have a much better understanding of what a comet may be like and it is still consistent with the K-Pg boundary data we are seeing," Moore adds.

Sharma says that, "In synthesizing the data generated by two very disparate fields of research -- geochemistry and geophysics -- we are now 99.9 percent sure that what we are dealing with is a 66-million-year-old comet impact -- not an asteroid."

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/vq_cbkdSP6g/130404122409.htm

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HP chairman Lane resigns, Whitworth takes over for now

By Poornima Gupta

SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the acquisition of software company Autonomy Plc, has stepped down, the company said on Thursday, in a shake-up that will usher in two to three new board members.

Director and activist investor Ralph Whitworth will become interim chairman until a permanent replacement is found.

The action comes weeks after the Kleiner Perkins managing partner, who will remain a director, narrowly won reelection at the personal computer maker's annual shareholders' meeting with less than 60 percent of voting shares compared with 96 percent a year ago.

Two other directors who kept their seats with narrow margins, G. Kennedy Thompson and John Hammergren, will exit the board, leaving the company looking for two to three new, independent replacements.

Lane is one of the most prominent casualties of an acquisition that has incensed investors, who have publicly upbraided the company for paying $11 billion for Autonomy and for failing to conduct proper due diligence. HP eventually swallowed a multi-billion dollar write-down on the asset's value.

"After reflecting on the stockholder vote last month, I've decided to step down as executive chairman to reduce any distraction from HP's ongoing turnaround," Lane said in statement. "Since I joined HP's board a little over two years ago, I've been committed to board evolution to ensure our turnaround and future success."

The Autonomy deal capped a tumultuous decade for the company that included the "pretexting" scandal of 2006, and in which the board underwent numerous changes.

Whitworth had told shareholders at the March meeting to prepare for an "evolution" of the board.

The upheaval comes as HP and CEO Meg Whitman are undertaking a multi-year turnaround to stimulate growth at the company, which was once synonymous with Silicon Valley but has since stagnated as its personal computer and printer business declined.

She has asked investors to be patient while the company undertakes layoffs and cost cuts and expands into areas with longer-term potential, such as enterprise computing services.

HP shares fell to $22.10 in after-hours trade, from their close of $22.30 on the New York Stock Exchange on Thursday.

(Reporting by Edwin Chan; Editing by Gary Hill and Richard Chang)

Source: http://news.yahoo.com/hp-chairman-lane-resigns-whitworth-takes-over-now-202059296--finance.html

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Wednesday, April 3, 2013

Canon outs VIXIA HF G30 camcorder with premium optics, XA20 and XA25 for pros

Canon outs VIXIA HF G30 camcorder with WiFi Remote, XA20 and XA25 for pros

While the image of the amateur camcorder user still revolves around a parent recording baby's first steps, Canon knows that at least some of us want high-quality footage without venturing too far into pro camera territory. Witness its new VIXIA HF G30, which rolls in image quality and control that are still rare outside of big shoulder-mounted cams. It includes a larger CMOS sensor than its ancestors, a new DIGIC DV 4 processor and an equally fresh 20X (26.8-536mm equivalent), f/1.8 lens; together, they should cut back on visual artifacts, improve stabilization and produce a gentler depth of field effect. Canon is also expanding its WiFi support to include DSLR-like remote control of the camcorder through the web browsers of most modern devices. The upgrade rounds out with a handful of firsts specific to the G series, such as dual recording in AVCHD and MP4 as well as a 3.5-inch, OLED touchscreen. Be prepared to sacrifice some time and money for the upgrade in home video quality, though -- Canon doesn't ship the HF G30 until June, when it will cost a not-quite-pro-level $1,700.

If you really do make a living from moving pictures, Canon also has a pair of compact pro models that share the same underlying technology. Both the XA20 and XA25 (pictured after the break) carry the same 20X lens, DIGIC DV 4 processing, WiFi and OLED display as their home-oriented cousin, but throw in pro-level expansion such as XLR microphone inputs and holders, independent audio level adjustment and (on the XA25) SDI connectors. The two will ship later in June and should carry premiums that lift their official prices up to $2,699 and $3,199, although we're seeing them on Canon's site for $500 less -- we've reached out and will let you know how much they cost in practice.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Wc6-VtZ8ew0/

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US restraint in Syria could aid Iran nuclear talks

WASHINGTON (AP) ? President Barack Obama's reluctance to give military aid to Syrian rebels may be explained, in part, in three words: Iranian nuclear weapons.

For the first time in years, the United States has seen a glimmer of hope in persuading Iran to curb its nuclear enrichment program so it cannot quickly or easily make an atomic bomb. Negotiations resume this week in Almaty, Kazakhstan, where encouraging talks in February between six world powers and the Islamic Republic ended in what Iranian diplomat Saeed Jalili called a "turning point" after multiple thwarted steps toward a breakthrough.

But Tehran is unlikely to bend to Washington's will on its nuclear program if it is fighting American-supplied rebels at the same time in Syria. Tehran is Syrian President Bashar Assad's chief backer in the two-year civil war that, by U.N. estimates, has left at least 70,000 people dead. Iranian forces are believed to be fighting alongside the regime's army in Syria, and a senior commander of Iran's elite Revolutionary Guard force was killed outside Damascus in February.

Russia also is supplying Assad's forces with arms. And the U.S. does not want to risk alienating Russia, one of the six negotiating nations also seeking to limit Iran's nuclear program, by entering what would amount to a proxy war in Syria.

The White House has at least for now put the nuclear negotiations ahead of intervening in Syria, according to diplomats, former Obama administration officials and experts. Opposition forces in Syria are in disarray and commanded in some areas by a jihadist group linked to al-Qaida. Preventing Iran from building a nuclear bomb remains a top priority for the Obama administration, which has been bent on ending wars ? not opening new military fronts.

"I think that the United States has not taken a more active role in Syria from the beginning because they didn't want to disturb the possibility, to give them space, to negotiate with Iran," Javier Solana, the former European Union foreign policy chief, said Monday at a Brookings Institution discussion about this week's talks. Solana, who was a top negotiator with Tehran in the nuclear program until 2009, added, "They probably knew that getting very engaged against Assad, engaged even militarily, could contribute to a break in the potential negotiations with Tehran."

Solana also warned of frostier relations between Moscow and Washington that could scuttle success in both areas. "With Russia, we need to be much more engaged in order to resolve the Syrian problem and, at the end, the question of Tehran," he said.

Adding to the mix is the unpredictable relationship between the U.S. and China, which has been leery of harsh Western sanctions on Iran and is expected to follow Russia's lead on the nuclear negotiations. Without Russia and China's support, experts say, the West will have little success in reaching a compromise with Iran.

"Resolving the nuclear impasse with Iran is the biggest challenge this year in the Middle East, and that requires careful handling of not only Iran, but Russia and China," said retired Ambassador James F. Jeffrey, who followed the negotiations closely as the top U.S. envoy to Baghdad last year. "Decisions on Syria and other international questions certainly will be taken in this context."

The White House refused comment, and a senior State Department official played down a direct linkage between the two national security priorities.

The negotiations have indirect, if wide-reaching, links to regional affairs that include Syria but also go beyond, including the U.S. military presence in the Persian Gulf, Washington's uneasy detente with Baghdad and Israel's undeclared nuclear arsenal ? the only one of its kind in the Mideast. Iran has often said it wants to use the nuclear talks as a possible springboard for other negotiations on regional issues, such as its call for a nuclear-free Middle East ? Tehran's way of trying to push for more international accountability on Israel's nuclear program.

Off-and-on talks between Iran and the world powers ? the United States, China, Russia, Britain, France and Germany, known as P5+1 ? began after the six nations offered Tehran a series of incentives in 2006 in exchange for a commitment to stop uranium enrichment and other activities that could be used to make weapons. Iran long has maintained that it is enriching uranium only to make reactor fuel and medical isotopes, and insists it has a right to do so under international law. Last summer, the U.S. and E.U. hit Iran's economy and oil industry with tough sanctions to force it to comply.

But Iran has continued its program despite the sanctions. In February, in an attempt to move flagging negotiations forward, the world powers offered broader concessions to Iran, including letting it keep a limited amount of enriched uranium and suspend ? but not fully close ? a bunker-like nuclear facility near the holy city Qom. The world powers' offer, which also included removing some of the Western sanctions, was hailed by Iran as an important step forward in the process.

Few expect any major breakthroughs in the negotiations beginning this week until after Iran's presidential election in June.

Meanwhile, fighting in Syria has only intensified, and fears that Assad's forces used chemical weapons on rebel fighters in March brought the U.S. closer than ever to sending military aid to the opposition. Yet Obama has resisted pressures from foreign allies, Congress and his own advisers to arm the rebels or at least supply them with military equipment, or to use targeted airstrikes to destroy some of Assad's warplanes. The U.S. is helping train some former Syrian army soldiers ? mostly Sunni and tribal Bedouins ? in neighboring Jordan, which officials describe as non-lethal aid.

Part of Obama's reluctance, officials say, is the fear that U.S. weapons could end up in the hands of jihadists affiliated with al-Qaida. Of top concern is the Jabhat al-Nusra, a wing of the Islamic State of Iraq which, in turn, blames Iran for supporting the Shiite-led government in Baghdad.

"Since we are now looking more at a pending regime collapse in Damascus that has a strong potential to turn it into a launch pad for transnational jihadism, Washington is more interested in a negotiated settlement, which involves talking to Iran," said Kamran Bokhari, a Toronto-based expert on Mideast issues for the global intelligence company Stratfor.

Obama has been firm in his belief that Assad must go, and has predicted it will happen sooner than later. But he has been equally adamant that Iran must be stopped from acquiring nuclear weapons.

"A nuclear-armed Iran would be a threat to the region, a threat to the world and potentially an existential threat to Israel," Obama said at a March 20 news conference in Jerusalem, flanked by Israeli Prime Minister Benjamin Netanyahu. "And we agree on our goal. We do not have a policy of containment when it comes to a nuclear Iran."

Assad's fall would strip Iran of its closest ally in the volatile Mideast and perhaps spur the Islamic Republic to aggressively pursue a nuclear weapon as it faces further isolation. At the same time, it could encourage Tehran to make some modest concessions on nuclear talks to relieve pressure from the West, said Gary Samore, who in February left the White House as Obama's coordinator for arms control and weapons of mass destruction and is now at the Kennedy School of Government at Harvard University.

"You can argue it either way, but in the end I think the collapse of Assad makes a nuclear deal more likely, because the Supreme Leader (Ayatollah Ali Khamenei) will feel more isolated, under greater pressure, more likely to make tactical concessions in order to relieve further isolation and pressure," Samore said Monday. "Of course, that is not going to change his fundamental interest in acquiring a nuclear weapons capability. I think it will confirm for him that the best way to defend himself against countries like the United States is to have that capacity."

___

Associated Press writer Brian Murphy in Dubai, United Arab Emirates, contributed to this report.

___

Lara Jakes has covered national security for The Associated Press since 2005 and is a former AP chief of bureau in Baghdad. Follow her on Twitter at: https://twitter.com/@larajakesAP

Source: http://news.yahoo.com/us-restraint-syria-could-aid-iran-nuclear-talks-070547158--politics.html

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FCC will review cell phone radiation danger ? and lawyers are already sharpening their claws

FCC Review Cell Phone RadiationCell Phone Radiation

Well, that did not take long.?Within a few days?after the Federal Communications Commission confirmed it will review cell phone radiation guidelines, class action lawyers of a certain ilk have swung to action. Since the FCC previously issued guidelines about cell phone use in 1996, it is quite natural it will revisit the issue in 2013. But that does not mean you can?t put a sinister spin on the development.

[More from BGR: Anonymous threatens cyberwar on North Korea, steals 15,000 passwords]

In a press release dated March 27th, ?Bernstein Liebhard LLP, a nationwide law firm representing clients in cell? phone radiation lawsuits, notes that a new study has found that radiation from cell phones may cause damage to brain tissue.?

[More from BGR: Apple said to be giving iOS 7 a major UI overhaul]

This distinguished law firm cites an ominous study by Finland?s Radiation and Nuclear Safety Authority finding that ?one hour of cell phone radiation can cause cells in blood vessel walls to? shrink, allowing potentially harmful substances in the blood to ?leak? into the? brain.? Eeek! Right? Curiously, the law firm does not directly?cite the scientific paper, but refers to?a Daily Mail article?describing the research.

The?Health section?of Daily Mail, of course,?is famous for?pieces such as ?Biscuit addict to Miss Teen Queen: Girl sheds almost half her body weight and swaps munching for MODELLING!? So we?re not talking about Journal of Clinical Oncology.

Could the reason for this?circumspection be that the Finnish research study in question dates back to the year 2002? And the easiest way to mask that date is to link to Daily Mail, since that newspaper does not date the oldest articles in its archives? The way Bernstein Liebhard wraps up its press release is predictably depressing:

?Bernstein Liebhard LLP is currently offering free, no obligation cell phone? radiation lawsuit evaluations to individuals who may have developed cancerous brain tumors from cell phones.?Alleged victims of cell phone radiation may be entitled to compensation for medical bills, lost wages, and pain and suffering.?

And so it goes. An innocuous FCC announcement of revisiting cell phone radiation guidelines can be quickly mixed and matched with an 11-year old Finnish research paper and turned into a nifty little sales hook directly aimed at?brain cancer victims.

This article was originally published on BGR.com

Source: http://news.yahoo.com/fcc-review-cell-phone-radiation-danger-lawyers-already-190027411.html

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