Yahoo ‘ordered to pay $2.7bn’













Internet group Yahoo says it has been ordered to pay $ 2.7bn (£1.68bn) by a Mexican court.












The reported ruling follows a lawsuit stemming from allegations of breach of contract and lost profits related to a yellow pages listing service.


Yahoo said it “believes the plaintiffs’ claims are without merit and will vigorously pursue all appeals”.


The lawsuit had been brought by Worldwide Directories SA de CV and Ideas Interactivas SA de CV.


In a statement on its website Yahoo said the 49th Civil Court of the Federal District of Mexico City had “entered a non-final judgment of US $ 2.7 billion against Yahoo! Inc. and Yahoo de Mexico” in the case.


Shares in Yahoo, which is based in Sunnyvale, California, fell by 1.4% in after-the-bell trading following the news.


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Egypt’s Mursi calls referendum as Islamists march












CAIRO (Reuters) – Egypt‘s President Mohamed Mursi called a December 15 referendum on a draft constitution on Saturday as at least 200,000 Islamists demonstrated in Cairo to back him after opposition fury over his newly expanded powers.


Speaking after receiving the final draft of the constitution from the Islamist-dominated assembly, Mursi urged a national dialogue as the country nears the end of the transition from Hosni Mubarak‘s rule.












“I renew my call for opening a serious national dialogue over the concerns of the nation, with all honesty and impartiality, to end the transitional period as soon as possible, in a way that guarantees the newly-born democracy,” Mursi said.


Mursi plunged Egypt into a new crisis last week when he gave himself extensive powers and put his decisions beyond judicial challenge, saying this was a temporary measure to speed Egypt’s democratic transition until the new constitution is in place.


His assertion of authority in a decree issued on November 22, a day after he won world praise for brokering a Gaza truce between Israel and the Palestinian Islamist Hamas movement, dismayed his opponents and widened divisions among Egypt’s 83 million people.


Two people have been killed and hundreds wounded in protests by disparate opposition forces drawn together and re-energized by a decree they see as a dictatorial power grab.


A demonstration in Cairo to back the president swelled through the afternoon, peaking in the early evening at least 200,000, said Reuters witnesses, basing their estimates on previous rallies in the capital. The authorities declined to give an estimate for the crowd size.


“The people want the implementation of God’s law,” chanted flag-waving demonstrators, many of them bussed in from the countryside, who choked streets leading to Cairo University, where Mursi’s Muslim Brotherhood had called the protest.


Tens of thousands of Egyptians had protested against Mursi on Friday. “The people want to bring down the regime,” they chanted in Cairo‘s Tahrir Square, echoing the trademark slogan of the revolts against Hosni Mubarak and Arab leaders elsewhere.


Rival demonstrators threw stones after dark in the northern city of Alexandria and a town in the Nile Delta. Similar clashes erupted again briefly in Alexandria on Saturday, state TV said.


“COMPLETE DEFEAT”


Mohamed Noshi, 23, a pharmacist from Mansoura, north of Cairo, said he had joined the rally in Cairo to support Mursi and his decree. “Those in Tahrir don’t represent everyone. Most people support Mursi and aren’t against the decree,” he said.


Mohamed Ibrahim, a hardline Salafi Islamist scholar and a member of the constituent assembly, said secular-minded Egyptians had been in a losing battle from the start.


“They will be sure of complete popular defeat today in a mass Egyptian protest that says ‘no to the conspiratorial minority, no to destructive directions and yes for stability and sharia (Islamic law)’,” he told Reuters.


Mursi has alienated many of the judges who must supervise the referendum. His decree nullified the ability of the courts, many of them staffed by Mubarak-era appointees, to strike down his measures, although says he respects judicial independence.


A source at the presidency said Mursi might rely on the minority of judges who support him to supervise the vote.


“Oh Mursi, go ahead and cleanse the judiciary, we are behind you,” shouted Islamist demonstrators in Cairo.


Mursi, once a senior Muslim Brotherhood figure, has put his liberal, leftist, Christian and other opponents in a bind. If they boycott the referendum, the constitution would pass anyway.


If they secured a “no” vote to defeat the draft, the president could retain the powers he has unilaterally assumed.


And Egypt’s quest to replace the basic law that underpinned Mubarak’s 30 years of army-backed one-man rule would also return to square one, creating more uncertainty in a nation in dire economic straits and seeking a $ 4.8 billion loan from the IMF.


“NO PLACE FOR DICTATORSHIP”


Mursi’s well-organized Muslim Brotherhood and its ultra-orthodox Salafi allies, however, are convinced they can win the referendum by mobilizing their own supporters and the millions of Egyptians weary of political turmoil and disruption.


“There is no place for dictatorship,” the president said on Thursday while the constituent assembly was still voting on a draft constitution which Islamists say enshrines Egypt’s new freedoms.


Human rights groups have voiced misgivings, especially about articles related to women’s rights and freedom of speech.


The text limits the president to two four-year terms, requires him to secure parliamentary approval for his choice of prime minister, and introduces a degree of civilian oversight over the military – though not enough for critics.


The draft constitution also contains vague, Islamist-flavored language that its opponents say could be used to whittle away human rights and stifle criticism.


For example, it forbids blasphemy and “insults to any person”, does not explicitly uphold women’s rights and demands respect for “religion, traditions and family values”.


The draft injects new Islamic references into Egypt’s system of government but retains the previous constitution’s reference to “the principles of sharia” as the main source of legislation.


“We fundamentally reject the referendum and constituent assembly because the assembly does not represent all sections of society,” said Sayed el-Erian, 43, a protester in Tahrir and member of a party set up by opposition figure Mohamed ElBaradei.


Several independent newspapers said they would not publish on Tuesday in protest. One of the papers also said three private satellite channels would halt broadcasts on Wednesday.


Egypt cannot hold a new parliamentary election until a new constitution is passed. The country has been without an elected legislature since the Supreme Constitutional Court ordered the dissolution of the Islamist-dominated lower house in June.


The court is due to meet on Sunday to discuss the legality of parliament’s upper house.


“We want stability. Every time, the constitutional court tears down institutions we elect,” said Yasser Taha, a 30-year-old demonstrator at the Islamist rally in Cairo.


(Additional reporting by Marwa Awad, Yasmine Saleh and Tom Perry; Editing by Myra MacDonald and Jason Webb)


World News Headlines – Yahoo! News


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“Guardians of the Galaxy” director sorry for blog post seen as sexist, homophobic












LOS ANGELES (TheWrap.com) – James Gunn, the man entrusted with steering Marvel‘s “Guardians of the Galaxy” to the big screen, apologized publicly for a 2011 blog post that was criticized as sexist and homophobic.


Gunn, who is best known for directing the 2006 horror-comedy “Slither,” found himself under fire this week after reports about a blog post titled “The 50 Superheroes You Most Want to Have Sex With.” In it, he called the superhero Gambit a “Cajun fruit” and suggested that Iron Man could “turn” the lesbian Batwoman into a straight woman. He went on to joke that Batgirl, a masked avenger who happens to be a teen mother, was “easy.” The list was voted on by Twitter and Facebook users, but has since been removed from his site.












In a statement to the Gay & Lesbian Alliance Against Defamation (GLAAD), Gunn said his attempt at irreverence was misguided and stressed that he is a proponent of gay rights and women’s rights.


“A couple of years ago I wrote a blog that was meant to be satirical and funny,” Gunn said. “In rereading it over the past day I don’t think it’s funny. The attempted humor in the blog does not represent my actual feelings. However, I can see where statements were poorly worded and offensive to many. I’m sorry and regret making them at all.”


The post is an unwanted distraction from his efforts to give Marvel and its corporate owner the Walt Disney Company another hit. He plans to co-write the script for “Guardians of the Galaxy” in addition to directing. The film will be released in 2014.


“It kills me that some other outsider like myself, despite his or her gender or sexuality, might feel hurt or attacked by something I said,” he added in his apology. “We’re all in the same camp, and I want to do my best to make this world a better place for all of us. I’m learning all the time. I promise to be more careful with my words in the future. And I will do my best to be funnier as well. Much love to all.”


Internet News Headlines – Yahoo! News


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Obama aides seek to counter Republican charges on ‘fiscal cliff’












WASHINGTON (Reuters) – The Obama administration sought to counter Republican charges on Friday that President Barack Obama‘s plan to avoid a year-end “fiscal cliff” is light on spending cuts and too reliant on tax increases.


Administration officials said the overall plan, offered to Republicans on Thursday and quickly rejected by them, would achieve $ 4.5 trillion in savings to the government. This includes around $ 1 trillion in cuts already enacted into law and would set up an “expedited process” to spirit through Congress some of the most comprehensive legislation in decades.












The plan, which Treasury Secretary Timothy Geithner outlined to Republican congressional leaders, is aimed at taking a big step toward comprehensive reform of the U.S. tax code and overhauling federal programs like Medicare by next August 1, according to a summary provided by administration officials.


The fate of the administration proposals is uncertain, as they are now part of a mix of offerings to be hashed out over the next few weeks and beyond, aimed at heading off a package of automatic tax increases and spending cuts that would tip the U.S. economy over the fiscal cliff and back into recession.


Senate Minority Leader Mitch McConnell outlined his ideas for cutting entitlement programs in a Wall Street Journal interview Friday, while House Republicans said talks had basically arrived at a stalemate at this juncture.


The administration’s proposals for next year, when combined with some immediate savings such as taxing the rich at a higher rate, would raise approximately $ 1.5 trillion in new revenues. Those would be coupled with about $ 2.4 trillion in spending cuts, according to the officials who asked not to be identified.


Some of those proposed spending cuts are controversial. For example, they count $ 800 billion in savings from the wars in Iraq and Afghanistan that are winding down. Many Republicans in Congress argue that sound budgeting should not allow for counting savings on money that was not going to be spent.


The war savings were part of previous deficit-reduction negotiations that failed in 2011.


TWO-STEP APPROACH


Administration officials disclosed details of the White House proposal in an effort to push back against Republicans’ characterization of it as not serious.


Without a deal, around $ 600 billion in steep tax increases and spending cuts would begin in January, forcing the economy into a recession, according to the Congressional Budget Office.


As expected, the White House proposal called for a two-step approach to deficit reduction.


The first step would mainly consist of letting income tax rates rise on families with net incomes above $ 250,000. The revenues generated would help replace the steep, automatic spending cuts to domestic programs due to kick in on January 2 if Congress and the president cannot reach a compromise.


Also included are the extension of expiring major tax breaks, such as the research and development credit.


A second deficit-reduction step, which both Republicans and Democrats have talked about at length, would give Congress time to revamp the complicated U.S. tax code and figure out how to slow the rapid growth of federal healthcare programs for the elderly and poor.


Under the scenario laid out by Geithner, the new tax provisions would become effective on January 1, 2014, according to administration officials, and are anticipated to bring in an additional $ 600 billion in revenues over 10 years, beyond the $ 950 billion from raising taxes on the rich.


Meanwhile, federal spending would be cut by $ 350 billion over 10 years by reforming Medicare and other unspecified health programs, the officials said. Savings of another $ 250 billion would be achieved by cutting subsidies to farmers and other actions.


Also tucked into the proposal, the officials said, were $ 200 billion in “economic growth initiatives” designed to help stimulate the sluggish economy.


This would include $ 50 billion in infrastructure spending, an extension of payroll tax cuts, extending unemployment benefits and funding for a mortgage refinancing program.


(Additional reporting by Richard Cowan; editing by Fred Barbash and Todd Eastham)


Seniors/Aging News Headlines – Yahoo! News


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Boeing, engineers tentatively agree to resume talks












(Reuters) – Boeing Co and the union that represents its 23,000 engineers tentatively agreed to resume labor talks on Tuesday, after their negotiations on a new contract ended abruptly on Thursday.


But tension rose as the two sides sparred over efforts to engage a federal mediator to help them reach a new labor contract.












Boeing said late on Friday that the union had declined its offer to attend meetings with the Federal Mediation and Conciliation Service in Washington, D.C., on Monday.


The Society of Professional Engineering Employees in Aerospace (SPEEA) said it had contacted the mediator before Boeing did, and was waiting for Boeing to confirm dates for meetings next week that it had arranged.


“We told SPEEA we’d like to start meeting with a federal mediator Tuesday in Seattle,” Boeing spokesman Doug Alder said. “We are still working out the details with SPEEA and the mediator.”


SPEEA’s chief said the union was willing to meet, too, and with a different mediator if necessary.


“I’ve responded that we have a mediator assigned to us … but if Boeing is dissatisfied with that mediator, they need to take that up with FMCS not us,” Ray Goforth, SPEEA executive director, said.


“We also don’t see the need to meet in a hotel. I offered to meet on Boeing property if that would make them comfortable.”


The two sides have been negotiating since April to replace a labor contract that expired November 25.


The union has balked at a Boeing contract that it says would cut the growth rate of compensation of professional and technical employees. Boeing says its latest offer is much improved over its initial proposal and reflects a tough competitive environment.


Talks broke down Thursday after Boeing said it wanted a mediator.


The dispute comes as Boeing looks to speed up jet production from 52 a month to about 60 a month by the end of next year. A walkout by the union could stop production.


Peter Arment, an analyst with Sterne, Agee & Leach, expressed hope that the dispute would be resolved with mediation. He noted strikes by SPEEA were rare, with the last one occurring in 2000.


“There’s still time for this to be resolved long before it would affect Boeing’s commercial aircraft production,” Arment said.


Shares of Boeing edged down 3 cents to $ 74.09 in Friday trading.


(Reporting by Alwyn Scott in New York and Karen Jacobs in Atlanta; Editing by Lisa Von Ahn and Eric Walsh)


Business News Headlines – Yahoo! News


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Oliver Stone, Benicio del Toro visit Puerto Rico












SAN JUAN, Puerto Rico (AP) — Benicio Del Toro didn’t wait long to collect on a favor that Oliver Stone owed him for working extra hours on the set of his most recent movie, “Savages”, released this year.


The favor? A trip to Del Toro‘s native Puerto Rico, which Stone hadn’t visited since the early 1960s.












“I told him, you owe me one,” Del Toro said with a smile as he recalled the conversation during a press conference Friday in the U.S. territory, where he and Stone are helping raise money for one of the island’s largest art museums.


Del Toro, wearing jeans, a black jacket and a black T-shirt emblazoned with the name of local reggaeton singer Tego Calderon, waved to the press as he was introduced.


“Hello, greetings. Is this a press conference?” he quipped as he and Stone awaited questions.


Both men praised each other’s work, saying they would like to work with each other again.


“I deeply admire him as an actor, the way he thinks, the way he expresses himself,” Stone said. “Of all the actors I’ve worked with, he’s the most interesting.”


Stone said Del Toro always delivers surprises while acting, even when it’s as something as subtle as certain gestures between dialogue.


“I think Benicio is the master of keeping you watching,” he said.


Stone said he enjoys meeting up with Del Toro off-set because he’s one of the few actors in Hollywood who can talk about something other than movies.


“He is very interested in the world around him,” Stone said, adding that the conversations sometimes center around politics and other topics.


Del Toro declined to answer when asked what he thought about Puerto Rico’s referendum earlier this month, which aimed to determine the future of the island’s political status. He said the results did not seem to point to a clear-cut outcome.


Del Toro then said he would like the island’s movie business to grow, especially in a way that would encourage learning.


“I’m talking about movies in an educational sense, as a way to discover other parts of the world,” he said. “Create a film class. You’ll see, kids won’t skip it.”


Del Toro also shared his thoughts on being a father after having a daughter with Kimberly Stewart in August 2011.


He said the girl is learning how to swim and is discovering the world around her.


“She has her own personality,” Del Toro said. “She’s not her mother. She’s not me.”


Both Del Toro and Stone are expected to remain in Puerto Rico through the weekend to raise money for the Art Museum of Puerto Rico, which is hosting its annual movie festival and will honor Stone’s movies.


Museum curator Juan Carlos Lopez Quintero said the money raised will be used to enhance the museum’s permanent collection, especially with Puerto Rican paintings from the 19th century and early 20th century.


Latin America News Headlines – Yahoo! News


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Microsoft Surface Pro battery will last roughly four hours












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Attorneys say Halle Berry, ex settle dispute












LOS ANGELES (AP) — Attorneys for Halle Berry and her ex-boyfriend have settled court issues that arose after a Thanksgiving Day fight at the actress’ home.


The fisticuffs involved Berry’s ex-boyfriend Gabriel Aubry and her fiance, actor Olivier Martinez. Aubry was arrested after the fight, which left him with a black eye, a broken rib and other injuries.












Aubry obtained a temporary restraining order against Martinez. The model and Berry have been battling over custody of their 4-year-old daughter for months and have appeared twice in a family law court since the fight.


Blair Berk, an attorney for Berry, and Shawn Holley, who represents Aubry, released a statement after Thursday’s hearing that said the two sides had reached an amicable agreement.


No details were released, and the attorneys declined to answer questions.


Entertainment News Headlines – Yahoo! News


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Ranbaxy halts generic Lipitor production after recall: FDA












(Reuters) – Indian generic drugmaker Ranbaxy Laboratories will stop manufacturing its version of Pfizer Inc‘s cholesterol fighter, Lipitor, while it gets to the bottom of the cause of a recent recall, the U.S. Food and Drug Administration said on its website.


Earlier this month, Ranbaxy recalled certain lots of the widely used cholesterol lowering medicine known generically as atorvastatin at doses of 10 milligrams, 20 mg and 40 mg after the company discovered contamination with tiny glass particles.












There have so far been no reports of patients being harmed due to the glass particulates, the FDA said.


The agency said it does not anticipate drug shortages due to the recall as several other companies also produce generic Lipitor, while Pfizer still sells its branded version.


FDA said it was monitoring the situation and working with other manufacturers to ensure adequate supply in order to avoid shortages of atorvastatin as a result of the recall.


During its first six months on the market, when it enjoyed marketing exclusivity, atorvastatin generated sales of nearly $ 600 million for Ranbaxy, according to Bhagwan Singh Chaudhary, a research associate at the brokerage IndiaNivesh


FDA said it will continue to oversee the recall process and work with the Ranbaxy to resolve pharmaceutical quality issues.


The recall is the latest in a series of manufacturing problems at Ranbaxy, which is operating under heightened scrutiny due to past problems that nearly derailed it ability to sell atorvastatin in the United States.


In 2008, the FDA banned the company from importing about 30 drugs after it found manufacturing deficiencies at two of the company’s facilities in India, and Ranbaxy was later accused of falsifying data used in drug applications.


Under a proposed settlement earlier this year, Ranbaxy agreed to engage a third party to conduct a review of its facilities, implement procedures to ensure data integrity in its marketing applications, and ensure it meets good manufacturing practices.


(Reporting by Bill Berkrot)


Medications/Drugs News Headlines – Yahoo! News


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The Curious Case of Samsung’s Missing TVs












In August, workers at Samsung Electronics (005930) in the South Korean city of Suwon swathed 60 next-generation televisions in bubble wrap and nailed them into wooden crates. Two weeks later, when the boxes were opened at a Berlin trade show, two TVs were missing. The 55-inch prototypes—each costing $ 10,000 and weighing about 43 pounds—featured breakthrough technology known as organic light-emitting diode displays, which make TVs thinner and help project brighter and sharper images. The suspects: corporate spies.


Thefts of TV sets, diagrams, and circuitry are on the rise, and that’s bad news for Samsung and LG Electronics—the only companies that can commercially produce OLED displays, which the $ 110 billion flat-screen TV industry expects to wow consumers and revive slumping sales. South Korea’s National Industrial Security Center, part of the country’s intelligence agency, last year reported 46 cases involving attempts to steal local companies’ secrets overseas, up from 32 in 2007.












While estimates of industrial espionage are hard to come by, South Korea says foreign theft of its corporate secrets resulted in about $ 82 billion in damages in 2008, the most recent data available, up from $ 26 billion in 2004. The Koreans say 60 percent of victims are small and midsize businesses, and half of all economic espionage originates in China, according to a 2011 U.S. congressional report. “Any company that has a competitive advantage or new technology will be targeted by industrial espionage,” says Frank Schurgers, managing director of security agency Integris International in Berlin.


German companies lose an estimated $ 28 billion to $ 71 billion annually—and as many as 70,000 jobs—due to foreign economic espionage, regulators say. A 2007 survey by the Japanese government found that 35 percent of that country’s businesses reported some form of technology loss. And the FBI says its pending caseload of espionage cases represents losses to the American economy of more than $ 13 billion this fiscal year.


The practice will be tough to stop. In a survey released in June, the Associated Chambers of Commerce and Industry of India found that 35 percent of companies there engaged in some form of corporate espionage to gain advantages over rivals or keep tabs on present and former employees. “Stealing technology basically helps cut down the time to market,” says Jyotirmoy Dutta, a manager at consultant ITC Infotech. “A lot of companies are going to do anything that makes their new product introduction faster.”


As secret-stealing picks up, companies as diverse as Samsung, Apple (AAPL), and Toyota Motor (TM) are boosting security, sometimes at immense cost. Security expert Schurgers says his firm charged a tech company about $ 325,000 to protect one product and that a comprehensive program would easily run into the millions. For businesses that spend heavily on research and development, such security is worth it. Samsung says it spent seven years and “trillions of won” on OLEDs.


Orbotech (ORBK), an Israeli maker of equipment used to test screens for TVs, smartphones, and tablets, says its Korean subsidiary and six local employees have been indicted on suspicion they stole display technology from Samsung. LG says Orbotech workers are suspected of illegally gaining access to its confidential OLED data, too. A probe by Korean police into actions by Orbotech staffers is ongoing, and the company says its Korean subsidiary is cooperating with authorities there.


While it would be difficult to reverse-engineer the fundamentals of OLED technology from the missing televisions, simply understanding how Samsung packed the parts inside the superthin sets would be valuable information for thieves, says Kim Hyung Sik, an analyst at Taurus Investment & Securities in Seoul. “They will be able to get their hands on how components are aligned to make the TVs slimmer,” Kim says. “It saves competitors a lot of time.”


Korean authorities are operating on the assumption that Samsung’s missing TVs were stolen, not lost, says Lee Seung Yong, a senior inspector at Gyeonggi Provincial Police Agency in Suwon, where the company is headquartered. A freight forwarder packed the TVs in wooden boxes that were nailed on five sides and then sealed with a nut and bolt on the sixth. When the boxes arrived at the airport, they weighed the same as at the forwarder’s warehouse, and security cameras en route yielded no clues, according to a police report.


The 14 people involved in transporting the boxes from Samsung to a Korean Air plane were questioned, the report said. Police say they found fingerprints from 14 individuals on the box that the missing TVs were packed in. Although they didn’t say whether the prints matched those of the people who were questioned, police have concluded the theft likely didn’t occur in Korea. They’re now coordinating with German authorities.


Since the TVs went missing, Samsung says it’s tightened controls on shipments of equipment to trade shows. The company says it already uses special paper that trips an alarm when someone tries to sneak documents out of its offices. Other companies are also becoming more vigilant. Businesses testing Apple’s iPad before its 2010 release had to promise to secure the tablet in a room with blacked-out windows and key-card locks and keep it tethered to a stationary object, according to persons at the time who were not authorized to speak before plans for the device were released. And visitors to many Toyota facilities are required to seal USB ports on laptops and place blue stickers over mobile-phone cameras.


Even affiliates of LG and Samsung have accused each other of purloining secrets. In July, Samsung asked its rival to apologize after Korean prosecutors investigated employees of LG Display, the company’s panel-making unit, about the theft—so far unsolved—of information on Samsung’s OLED program. LG Display refused to apologize and two months later sued Samsung for allegedly infringing its own OLED patents. A Samsung unit in November asked a Korean intellectual property tribunal to invalidate seven OLED patents held by LG. “The more advanced a technology is, the more attractive it is for companies or countries that don’t have it,” says Shin Hyun Goo, head of external relations at the Korean Association for Industrial Technology Security in Seoul. Samsung and LG “are like mice being eyed by eagles hovering around them.”


9a6f8  comp samsung49 405inline1 The Curious Case of Samsungs Missing TVs


The bottom line: As thefts of secrets in the $ 110 billion TV industry increase, Samsung and other tech companies are beefing up security.


Businessweek.com — Top News


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