TSX off 10-month high, energy weakness offsets RIM jump

TORONTO (Reuters) – Canada‘s main stock index finished short of a 10-month high on Monday as investor optimism for Research In Motion Ltd shares over the upcoming launch of its BlackBerry 10 devices was offset by falling energy shares.

Weakness in the materials sector, which includes mining stocks, also added pressure, while volatile oil prices were a drag on the energy sector. The two heavyweight sectors kept an otherwise positive index in check.

RIM shares extended a 13-percent gain made on Friday. The stock added 10.44 percent to C$ 14.70 and helped the information technology sector gain 2.48 percent.

“The investor confidence is brought about simply because of hope, and hope that the new BlackBerry 10 is going to be an answer to their prayers,” said Fred Ketchen, director of equity trading at ScotiaMcLeod.

“There has been some talk that this is a revival of RIM. We’ll have to wait and see,” he added.

The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> finished little changed, up a 0.91 of a point, or 0.01 percent, at 12,603.09. Earlier, it touched 12,636.68, its highest since March 5, 2012.</.gsptse>

The index, which marked its fifth consecutive day of gains, swung back and forth between positive and negative territories in choppy trade.

“There’s a lot of indecisiveness out there. People don’t really know which way to go and you’re getting these markets that aren’t really doing much of anything,” said Julie Brough, vice president at Morgan Meighen & Associates.

Investors kept a close watch on the U.S. debt ceiling talks, seen as a significant catalyst for the markets, with hopes that a compromise will be reached. “There is reasonable optimism that it would be resolved,” Brough said.

The energy sector was down 0.5 percent, with Canadian Natural Resources Ltd slipping 1.81 percent to C$ 29.26 and Talisman Energy Inc falling 2.64 percent to C$ 11.78. Oil prices were volatile, with Brent crude rising to $ 112 on supply concerns.

Encana Corp shares dropped 2.31 percent to C$ 19.05 after the surprise resignation of the chief executive officer of Canada’s largest natural gas producer.

The three energy companies were the three biggest drags on the index.

Materials stocks, home to mining firms, was down 0.3 percent amid a slew of deals within the sector.

Miner Alamos Gold Inc said it will buy Aurizon Mines Ltd for about C$ 780 million ($ 793 million) in cash and stock to get access to Aurizon’s only operating gold mine, Casa Berardi, in northern Quebec. Aurizon shares jumped 34 percent to C$ 4.57, while Alamos Gold fell 11.94 percent to C$ 14.90.

Russia’s state uranium firm agreed to pay $ 1.3 billion to take Canada’s Uranium One Inc private, as the successor to the Soviet Union’s nuclear industry seeks to strengthen its grip on supplies. Uranium One’s stock rose 14.52 percent to C$ 2.76.

In other company news, shares of Harry Winston Diamond Corp rose 4.41 percent to C$ 14.90 on the company’s plans to sell its high-end watches-to-necklaces division to Swatch Group in a $ 750 million cash deal that expands the Swiss watchmaker’s luxury offering and lets the Canadian group concentrate on its diamond mines.

(Additional reporting by Solarina Ho; Editing by James Dalgleish and Nick Zieminski)

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Bachelor Sean Lowe: My Girl Must Love Dogs

For any of the 25 women looking to win over this season's Bachelor, Sean Lowe, here's a tip straight from the source: "The girl I'm dating must be into my dogs," he tells PEOPLE.

The proud pet parent to two pooches, a boxer named Lola and a chocolate Labrador named Ellie, Lowe says, "For so long it's just been me and my two dogs, and I'm certainly not going to replace them with any woman."

Having had both animals for the past six years, the hunk has developed a special bond with the duo – though he admits his quest for love has forced him to make some changes.

"For many years, my dogs would sleep in the bed with me," he says. "I'm a big guy and I've got two good-sized dogs, so it's a full bed. Then I just realized one day, 'Alright, if I get married and a woman's going to join me in the bed, there's not going to be enough room.' I had to break the dogs of the habit of sleeping in the bed."

Luckily for Lowe, the pair have taken to their new accommodations easily.

"They're very intelligent dogs; they pick up on things really quickly," he says. "They learn pretty fast."

To hear more from Sean Lowe – including how his dogs help him navigate the dating world – check out the video above.

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Apple drags on S&P, Nasdaq; Dell jumps after report

NEW YORK (Reuters) - The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments.

Running counter to that was Dell Inc's stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the No. 3 personal computer maker is in talks with private equity firms to go private. Dell's gains offset some tech-sector weakness.

Tech heavyweight Apple lost 3.6 percent to $501.75 and was the biggest weight on both the S&P 500 and Nasdaq 100 <.ndx> indexes after reports the company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock hit a session low of $498.51, the first dip below $500 since February 16.

"With Apple, it seems as if the sentiment has shifted from this being the one stock that everybody wanted to own to people beginning to look at it as a company (whose) business is slowing down somewhat," said Eric Kuby, chief investment officer of North Star Investment Management Corp in Chicago.

Adding to investor unease, fourth-quarter earnings kick into high gear this week. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.

The Dow Jones industrial average <.dji> was up 18.89 points, or 0.14 percent, at 13,507.32. The Standard & Poor's 500 Index <.spx> was down 1.37 points, or 0.09 percent, at 1,470.68. The Nasdaq Composite Index <.ixic> was down 8.13 points, or 0.26 percent, at 3,117.50.

Apple suppliers also lost ground, with Cirrus Logic off 9.4 percent at $28.62 and Qualcomm down 1 percent at $64.24.

The Dow fared better than the other two indexes, helped in part by Hewlett-Packard shares, which rose 4.9 percent to $16.95. The stock, up early in the session after JPMorgan upgraded its rating on the shares and raised its price target to $21 from $15, added to gains following the Dell report.

Tech has "become the arena for private equity or other capital-restructuring type of maneuvers because of the way their valuations and their balance sheets are," Kuby said.

Appliance and electronics retailer Hhgregg Inc slumped 5.7 percent to $7.44 after the company cut its same-store sales forecast for the full year.

Earnings reports are due this week from Goldman Sachs , Bank of America , Intel and General Electric , among other companies. Third-quarter reports ended with a gain of just 0.1 percent, the worst for an S&P 500 profit period in three years, according to Thomson Reuters data.

President Barack Obama warned Congress at a news conference on Monday that a refusal to raise the U.S. debt ceiling next month could mean a government shutdown and trigger economic chaos.

S&P futures had little reaction to comments after the bell by Federal Reserve Chairman Ben Bernanke, who urged lawmakers to lift the country's borrowing limit to avoid a debt default.

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Decliners were about even with advancers on the NYSE while decliners outpaced advancers on the Nasdaq by about 12 to 11.

(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry, Nick Zieminski and Andrew Hay)

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Aaron Swartz, a Data Crusader and Now, a Cause

Michael Francis McElroy/The New York Times

Aaron Swartz in 2009. One person remembered him as a “a complicated prodigy.”

At an afternoon vigil at the Massachusetts Institute of Technology on Sunday, Aaron Swartz, the 26-year-old technology wunderkind who killed himself on Friday, was remembered as a great programmer and a provocative thinker by a handful of students who attended.

And he was recalled as something else, a hero of the free culture movement — a coalition as varied as Wikipedia contributors, Flickr photographers and online educators, and prominent figures like Julian Assange, the WikiLeaks founder, and online vigilantes like Anonymous. They share a belief in using the Internet to provide easy, open access to the world’s knowledge.

“He’s something to aspire toward,” said Benjamin Hitov, a 23-year-old Web programmer from Cambridge, Mass., who said he had cried when he learned the news about Mr. Swartz. “I think all of us would like to be a bit more like him. Most of us aren’t quite as idealistic as he was. But we still definitely respect that.”

The United States government has a very different view of Mr. Swartz. In 2011, he was arrested and accused of using M.I.T.’s computers to gain illegal access to millions of scholarly papers kept by Jstor, a subscription-only service for distributing scientific and literary journals.

At his trial, which was to begin in April, he faced the possibility of millions of dollars in fines and up to 35 years in prison, punishments that friends and family say haunted him for two years and led to his suicide.

Mr. Swartz was a flash point in the debate over whether information should be made widely available. On one side were activists like Mr. Swartz and advocacy groups like the Electronic Frontier Foundation and Students for Free Culture. On the other were governments and corporations that argued that some information must be kept private for security or commercial reasons.

After his death, Mr. Swartz has come to symbolize a different debate over how aggressively governments should pursue criminal cases against people like Mr. Swartz who believe in “freeing” information.

In a statement, his family said in part: “Aaron’s death is not simply a personal tragedy. It is the product of a criminal justice system rife with intimidation and prosecutorial overreach. Decisions made by officials in the Massachusetts U.S. attorney’s office and at M.I.T. contributed to his death.”

On Sunday evening, M.I.T.’s president, L. Rafael Reif, said he had appointed a prominent professor, Hal Abelson, to “lead a thorough analysis of M.I.T.’s involvement from the time that we first perceived unusual activity on our network in fall 2010 up to the present.” He promised to disclose the report, adding, “It pains me to think that M.I.T. played any role in a series of events that have ended in tragedy.”

Late Sunday, M.I.T.’s Web site was inaccessible. Officials there did not provide a cause.

While Mr. Swartz viewed his making copies of academic papers as an unadulterated good, spreading knowledge, the prosecutor compared Mr. Swartz’s actions to using a crowbar to break in and steal someone’s money under the mattress. On Sunday, she declined to comment on Mr. Swartz’s death out of respect for his family’s privacy.

The question of how to treat online crimes is still a vexing one, many years into the existence of the Internet.

Prosecutors have great discretion on what to charge under the Computer Fraud and Abuse Act, the law cited in Mr. Swartz’s case, and how to value the loss. “The question in any given case is whether the prosecutor asked for too much, and properly balanced the harm caused in a particular case with the defendant’s true culpability,” said Marc Zwillinger, a former federal cybercrimes prosecutor.

The belief that information is power and should be shared freely — which Mr. Swartz described in a treatise in 2008 — is under considerable legal assault. The immediate reaction among those sympathetic to Mr. Swartz has been anger and a vow to soldier on. Young people interviewed on Sunday spoke of the government’s power to intimidate.

Jess Bidgood and Ravi Somaiya contributed reporting.

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Iowa man, sister reunite thanks to Facebook, boy

DAVENPORT, Iowa (AP) — An Iowa man has been reunited with his sister 65 years after the siblings were separated in foster care thanks to a 7-year-old friend who searched Facebook.

Clifford Boyson of Davenport met his sister, Betty Billadeau, in person on Saturday. Billadeau drove up from her home in Florissant, Mo., with her daughter and granddaughter for the reunion at a hotel in Davenport.

Boyson, 66, and Billadeau, 70, both tried to find each other for years without success. They were placed in different foster homes in Chicago when they were children.

Then 7-year-old Eddie Hanzelin, who is the son of Boyson‘s landlord, got involved.

Eddie managed to find Billadeau by searching his mom’s Facebook account with Billadeau’s maiden name. He recognized the family resemblance when he saw her picture.

“Oh, my God,” Boyson said when he saw and hugged Billadeau.

“You do have a sister,” Billadeau said.

“You’re about the same height Mom was,” Boyson said.

Billadeau’s daughter, Sarah Billadeau, 42, and granddaughter, Megan Billadeau, 27, both wiped away tears and smiled during the reunion.

“He didn’t have any women in his life,” Sarah said. “We’re going to get that straightened out real fast.”

Boyson said he’s looking forward to visiting Billadeau near St. Louis and meeting more family.

“I’m hoping I can go and spend a week or two,” he said. “I want to meet the whole congregation. I never knew I had a big family.”

Eddie, who enjoys messing around with his family’s iPad, said he’s glad he was able to assist in making the reunion happen and that he learned about helping others at school.

“Clifford did not have any family, and family’s important,” the boy said.

Near the end of their tearful reunion Boyson and Billadeau presented Eddie with a $ 125 check in appreciation of his detective work.

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Miranda Kerr & Orlando Bloom Hit Red Carpet

By Maggie Coughlan

01/13/2013 at 11:00 PM EST

Orlando Bloom and Miranda Kerr

X17online

What better way to silence the rumor mill than to step out together looking happy – and hot!

Miranda Kerr and Orlando Bloom looked very much in love on the red carpet during the 70th Annual Golden Globe Awards on Sunday night.

Kerr, 29, and Bloom, 36, whose marital status has been the subject of persistent questioning in recent weeks, were photographed donning big grins and holding hands. Bloom was dapper in a blue shirt and white shirt, while Kerr wore a sexy red dress, showing a lot of leg.

The Victoria's Secret model and Lord of the Rings actor have been married since 2010 and welcomed son Flynn in 2011.

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Flu more widespread in US; eases off in some areas

NEW YORK (AP) — Flu is now widespread in all but three states as the nation grapples with an earlier-than-normal season. But there was one bit of good news Friday: The number of hard-hit areas declined.

The flu season in the U.S. got under way a month early, in December, driven by a strain that tends to make people sicker. That led to worries that it might be a bad season, following one of the mildest flu seasons in recent memory.

The latest numbers do show that the flu surpassed an "epidemic" threshold last week. That is based on deaths from pneumonia and influenza in 122 U.S. cities. However, it's not unusual — the epidemic level varies at different times of the year, and it was breached earlier this flu season, in October and November.

And there's a hint that the flu season may already have peaked in some spots, like in the South. Still, officials there and elsewhere are bracing for more sickness

In Ohio, administrators at Miami University are anxious that a bug that hit employees will spread to students when they return to the Oxford campus next week.

"Everybody's been sick. It's miserable," said Ritter Hoy, a spokeswoman for the 17,000-student school.

Despite the early start, health officials say it's not too late to get a flu shot. The vaccine is considered a good — though not perfect — protection against getting really sick from the flu.

Flu was widespread in 47 states last week, up from 41 the week before, the Centers for Disease Control and Prevention said on Friday. The only states without widespread flu were California, Mississippi and Hawaii.

The number of hard-hit states fell to 24 from 29, where larger numbers of people were treated for flu-like illness. Now off that list: Florida, Arkansas and South Carolina in the South, the first region hit this flu season.

Recent flu reports included holiday weeks when some doctor's offices were closed, so it will probably take a couple more weeks to get a better picture, CDC officials said Friday. Experts say so far say the season looks moderate.

"Only time will tell how moderate or severe this flu season will be," CDC Director Dr. Thomas Frieden said Friday in a teleconference with reporters.

The government doesn't keep a running tally of adult deaths from the flu, but estimates that it kills about 24,000 people in an average year. Nationally, 20 children have died from the flu this season.

Flu vaccinations are recommended for everyone 6 months or older. Since the swine flu epidemic in 2009, vaccination rates have increased in the U.S., but more than half of Americans haven't gotten this year's vaccine.

Nearly 130 million doses of flu vaccine were distributed this year, and at least 112 million have been used. Vaccine is still available, but supplies may have run low in some locations, officials said.

To find a shot, "you may have to call a couple places," said Dr. Patricia Quinlisk, who tracks the flu in Iowa.

In midtown Manhattan, Hyrmete Sciuto got a flu shot Friday at a drugstore. She skipped it in recent years, but news reports about the flu this week worried her.

During her commute from Edgewater, N.J., by ferry and bus, "I have people coughing in my face," she said. "I didn't want to risk it this year."

The vaccine is no guarantee, though, that you won't get sick. On Friday, CDC officials said a recent study of more than 1,100 people has concluded the current flu vaccine is 62 percent effective. That means the average vaccinated person is 62 percent less likely to get a case of flu that sends them to the doctor, compared to people who don't get the vaccine. That's in line with other years.

The vaccine is reformulated annually, and this year's is a good match to the viruses going around.

The flu's early arrival coincided with spikes in flu-like illnesses caused by other bugs, including a new norovirus that causes vomiting and diarrhea, or what is commonly known as "stomach flu." Those illnesses likely are part of the heavy traffic in hospital and clinic waiting rooms, CDC officials said.

Europeans also are suffering an early flu season, though a milder strain predominates there. China, Japan, the West Bank, the Gaza Strip, Algeria and the Republic of Congo have also reported increasing flu.

Flu usually peaks in midwinter. Symptoms can include fever, cough, runny nose, head and body aches and fatigue. Some people also suffer vomiting and diarrhea, and some develop pneumonia or other severe complications.

Most people with flu have a mild illness. But people with severe symptoms should see a doctor. They may be given antiviral drugs or other medications to ease symptoms.

Some shortages have been reported for children's liquid Tamiflu, a prescription medicine used to treat flu. But health officials say adult Tamiflu pills are available, and pharmacists can convert those to doses for children.

___

Associated Press writers Dan Sewell in Cincinnati, Catherine Lucey in Des Moines, and Malcolm Ritter in New York contributed to this report.

___

Online:

CDC flu: http://www.cdc.gov/flu/index.htm

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Yen under pressure, Asian stocks subdued

SYDNEY (Reuters) - The yen plumbed a 2-1/2 year low against the dollar on Monday, grabbing the Asian spotlight amid subdued trading for the region's stock markets, with the focus on Japan's central bank as it faced unrelenting political pressure to deliver bold stimulus.

Prime Minister Shinzo Abe on Sunday said the Bank of Japan (BOJ) must set a 2 percent inflation target and make it a medium-term, not long-term, goal to show markets it was determined to pursue bold monetary easing to end nearly two decades of deflation.

His comments emboldened yen bears, who took a fresh swipe at the currency. That saw the U.S. dollar hit a high of 89.67 yen, a level not seen since mid-2010, while the euro came within a whisker of 120.00 yen, scaling a 20-month peak.

"The confirmation that there's going to be a push for a new (BOJ) governor, that new governor is going to have a mandate of 2 percent inflation, that plus the fiscal stimulus is a major negative for the yen," said Callum Henderson, global head of FX research for Standard Chartered Bank in Singapore.

In contrast, equity markets had little news to go on, and MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed, remaining near a 17-month peak set on Friday. Tokyo markets were closed for a public holiday.

Having staged a 2-percent rally at the start of the year on growing optimism about the health of the global economy, stock markets appeared to be pausing for confirmation of a brighter global growth outlook.

Australian's benchmark S&P/ASX 200 index rose 0.3 percent, Hong Kong's Hang Seng index advanced 0.4 percent and South Korea's KOSPI gained 0.2 percent, reversing earlier losses.

"The KOSPI will continue to be rangebound before U.S. housing data and China's GDP data are released later this week," said Kim Joo-yong, an analyst at Bookook Securities.

Analysts at HSBC believe global developments this week will support demand for riskier assets, with U.S. and Chinese data likely to show further momentum in the world's two biggest economies.

"In addition, the Fed speaker calendar is dominated by doves in the early part of the week. These should provide reassurance that the Fed is in no rush to turn off the liquidity tap despite these early signs of encouragement on activity," they said in a client note.

Federal Reserve Chairman Ben Bernanke is due to speak at the University of Michigan on Monday and investors are eagerly waiting for clues on how long the Fed's latest bond purchase program will last.

Any signs that the Fed is in no hurry to end its quantitative easing program could see the U.S. dollar soften further against higher-yielding currencies such as the Australian dollar and those of faster-growing emerging economies.

The Aussie dollar rose 0.1 percent to $1.0549, within easy reach of a four-month high of $1.0599 set last week.

The euro was up 0.4 percent at a fresh nine-month high of $1.3404, continuing to outperform the greenback after European Central Bank chief Mario Draghi last week gave no indication the bank would ease monetary policy any further.

Commodity prices found some traction after last week's decline. U.S. crude rose 60 cents to $94.16 a barrel, recovering from Friday's 26-cent fall, while Brent crude gained 32 cents to $110.96 a barrel.

Copper edged up 0.4 percent to $8,075 a metric ton and gold was a shade firmer at $1,665 an ounce.

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Dozens of Officers Hurt in Belfast as Groups of Youths Clash

BELFAST, Northern Ireland (Reuters) — At least 29 police officers were injured here on Saturday when pro-British and Irish nationalist youths clashed after another protest against a decision to limit displays of the British flag at the Belfast City Hall.

The rioting started as the mainly Protestant protesters passed a Catholic area on their way home from a rally in central Belfast. The police used water cannon against the Protestant protesters, who pushed the officers back with metal fencing and ripped up paving stones to hurl at them.

The unrest over the past five weeks has been some of the most sustained in Belfast since a 1998 peace deal ended 30 years of conflict between Catholic Irish nationalists seeking union with Ireland and Protestant loyalists determined that Belfast remain part of the United Kingdom.

Protestant loyalists have held nightly protests since Belfast’s city councilors voted last month to end a century-old tradition of flying the British flag every day over City Hall.

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Microsoft taps Krikorian to help run its Xbox business

SAN FRANCISCO (Reuters) – Microsoft Corp said on Thursday it hired technology entrepreneur Blake Krikorian to help run its Interactive Entertainment Business as the world’s largest software company plans bigger things for its Xbox gaming console.

Krikorian will be corporate vice president for the Interactive Entertainment Business, reporting to Marc Whitten, chief product officer for the division, Microsoft added.

The appointment follows Microsoft’s recent acquisition of Krikorian’s company, id8 Group R2 Studios, which had developed an application that allows users to control home heating and lighting systems from smartphones.

Microsoft is trying to transform Xbox from a gaming device into a broader service that controls most aspects of home entertainment, including music, movies, TV and sports.

“We look forward to his contribution to our team as Xbox continues to evolve and transform the games and entertainment landscape,” Whitten said in a statement.

Krikorian’s Sling Media – which was sold to EchoStar Communications in 2007 – made the Slingbox device for watching TV over the Internet.

Krikorian resigned from Amazon.com Inc’s board in late December after about a year and a half as a director at the company, the Internet’s largest retailer.

(Reporting By Alistair Barr; Editing by Tim Dobbyn)

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