UPDATE 1-NBA-Jazz stifle Heat as Miami's road woes continue

(adds quotes)
* Miami lead in East down to half a game
* LeBron 18 away from 20,000 career points
Jan 14 (Reuters) - The Miami Heat were unable to complete a furious second half fightback as the defending NBA champions continued to struggle on the road, falling to a 104-97 loss to the Jazz in Utah on Monday.
LeBron James scored 32 points to help the Heat cut a 21-point deficit to just two when they pulled within 93-91 in the final few minutes, but the Jazz held firm to consign Miami to a third loss in four contests on their six-game road trip.
"The game was too close to be nervous," Utah big man Al Jefferson told reporters.
"I knew they would make their run, they are too good."
Gordon Hayward scored seven of his 22 points in the final three minutes, Al Jefferson added 23 and 11 rebounds as Utah (21-19) made sure their early hard work would result in a victory.
After being buried by the home team's assault through the first three quarters, Miami (24-12) embarked on a 21-5 spurt in the fourth to get back into the game.
Hayward responded with a pair of jump shots down the stretch and the Jazz made free throws as the Heat misfired.
"We can't dig ourselves a hole," said James, who moved to within 18 of becoming the youngest NBA player to reach 20,000 career points.
"Low energy against a team like this in their building in front of their amazing crowd - we can't play with low energy."
Chris Bosh added 16 and Dwyane Wade scored 11 for Miami, who were also out-rebounded by a comfortable 40-23 margin.
Wade did not play in the fourth quarter with coach Erik Spoelstra opting for an unconventional lineup.
"I don't know. I just always stay ready," Wade said.
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Jazz stifle Heat as Miami's road woes continue

(Reuters) - The Miami Heat were unable to complete a furious second half fightback as the defending NBA champions continued to struggle on the road, falling to a 104-97 loss to the Jazz in Utah on Monday.
LeBron James scored 32 points to help the Heat cut a 21-point deficit to just two when they pulled within 93-91 in the final few minutes, but the Jazz held firm to consign Miami to a third loss in four contests on their six-game road trip.
"The game was too close to be nervous," Utah big man Al Jefferson told reporters.
"I knew they would make their run, they are too good."
Gordon Hayward scored seven of his 22 points in the final three minutes, Al Jefferson added 23 and 11 rebounds as Utah (21-19) made sure their early hard work would result in a victory.
After being buried by the home team's assault through the first three quarters, Miami (24-12) embarked on a 21-5 spurt in the fourth to get back into the game.
Hayward responded with a pair of jump shots down the stretch and the Jazz made free throws as the Heat misfired.
"We can't dig ourselves a hole," said James, who moved to within 18 of becoming the youngest NBA player to reach 20,000 career points.
"Low energy against a team like this in their building in front of their amazing crowd - we can't play with low energy."
Chris Bosh added 16 and Dwyane Wade scored 11 for Miami, who were also out-rebounded by a comfortable 40-23 margin.
Wade did not play in the fourth quarter with coach Erik Spoelstra opting for an unconventional lineup.
"I don't know. I just always stay ready," Wade said.
The loss meant Miami's Eastern Conference lead was trimmed to just half a game ahead of their trip to Golden State on Wednesday.
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Yankees sign relief ace Rivera for another season

NEW YORK (Reuters) - Major League Baseball's all time saves leader Mariano Rivera has signed a one-year contract to return for his 18th season with the New York Yankees, the team said on Friday.
The Panama native tore ligaments in his left knee in May while catching fly balls in the outfield before a game and pitched in only nine games in 2012.
"I didn't want to go out like that," the 43-year-old Rivera said. "I didn't want that to be the last image."
No details were announced, but local media reports said Rivera had signed for $10 million plus incentives.
"It wasn't an easy decision because there's more than just baseball with me. I have to consider my family and the church, too," said Rivera.
"But I feel like we have a great group of guys and a team that can compete for a championship. I'm not just coming back to play. I'm coming back to win."
The right-hander, who has long baffled hitters with the deceptive, late movement on his cut fastball that bears in on left-handed batters, has 608 career saves and won five World Series titles with the Yankees dating back to the 1996 season.
A 12-time American League All-Star, Rivera's 42 postseason saves is the major league record.
His 18 seasons with the club tie him with Yogi Berra, Mickey Mantle and team mate Derek Jeter for the longest tenure at the storied franchise.
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4 women strip, protest Vatican gay marriage stance

VATICAN CITY (AP) — Four women have gone topless in St. Peter's Square to protest the Vatican's opposition to gay marriage.
Police quickly took the women away Sunday, and the pope appeared not to have been disturbed as he delivered his traditional prayer from his studio window overlooking the piazza.
On their bare backs, the women had painted slogans "In Gay We Trust," and "Shut Up." One of them, Inna Shevchenko, said: "Today we are here to protest against homophobia."
The small demonstration coincided with a march in Paris that is expected to draw hundreds of thousands of people to protest the French president's plan to legalize gay marriage and let gay couples adopt children.
French Catholic bishops and other religious leaders have strongly opposed the proposal, and the Vatican has backed them.
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Steam train chugs through London's subway system

LONDON (AP) — Tourists waiting for their morning subway train to Madame Tussauds were treated to an unusual sight Sunday: a 19th- century steam engine chugging down the tracks.
Transit officials sent the Met Locomotive 1, built in 1898, down London's Metropolitan Line to mark the 150th anniversary of the capital's Tube network, the world's oldest.
Hundreds of train fans, costume-wearing enthusiasts, and curious onlookers gathered at platforms and bridges across the city to watch as the locomotive traveled non-stop from Kensington Olympia station in the west to Moorgate station in central London.
London Mayor Boris Johnson was among the invited passengers aboard the historic black-and-red locomotive. He said the trip was "romantic," describing "thick clouds of white steam going past and then bits of soot coming through from the engine.
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Ahead of failed rescue in Somalia, hostage chained

PARIS (AP) — France's defense minister says the intelligence agent held hostage for more than three years by Islamic militants in Somalia was chained up, mistreated and constantly moved around by his captors ahead of a failed rescue operation.
Defense Minister Jean-Yves Le Drian said Sunday the decision was made to attempt the rescue because the agent, known by his code-name Denis Allex, was finally in a situation that seemed relatively stable. Planning for the operation began about a month ago, Le Drian said.
The overnight operation Saturday ended in the death of a French soldier and the likely deaths of the hostage and a second service member, Le Drian said. The militant Islamist group al-Shabab denies Allex was killed and claims to have a wounded French soldier in custody as well.
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Bonds, Clemens rejected; no one elected to BB Hall

NEW YORK (AP) — Steroid-tainted stars Barry Bonds, Roger Clemens and Sammy Sosa were denied entry to baseball's Hall of Fame, with voters failing to elect any candidates for only the second time in four decades.
In a vote that keeps the game's career home run leader and one of its greatest pitchers out of Cooperstown — at least for now — Bonds received just 36.2 percent of the vote and Clemens 37.6 in totals announced Wednesday by the Hall and the Baseball Writers' Association of America, both well short of the 75 percent necessary. Sosa, eighth on the career home run list, got 12.5 percent.
"Curt Schilling made a good point, everyone was guilty. Either you used PEDs, or you did nothing to stop their use," Hall of Famer Mike Schmidt said in an email to The Associated Press. "This generation got rich. Seems there was a price to pay."
Bonds, Clemens and Sosa were eligible for the first time and have up to 14 more years on the writers' ballot to gain baseball's highest honor.
"After what has been written and said over the last few years I'm not overly surprised," Clemens said in a statement he posted on Twitter.
Craig Biggio, 20th on the career list with 3,060 hits, topped the 37 candidates with 68.2 percent of the 569 ballots, 39 shy of election. Among other first-year eligibles, Mike Piazza received 57.8 percent and Schilling 38.8.
Jack Morris led holdovers with 67.7 percent. He will make his final ballot appearance next year, when fellow pitchers Greg Maddux and Tom Glavine along with slugger Frank Thomas are eligible for the first time.
Two-time NL MVP Dale Murphy received 18.6 percent in his 15th and final appearance.
"With 53 percent you can get to the White House, but you can't get to Cooperstown," BBWAA secretary-treasurer Jack O'Connell said. "It's the 75 percent that makes it difficult."
It was the eighth time the BBWAA failed to elect any players. There were four fewer votes than last year and five members submitted blank ballots.
"It's a tough period for evaluation, that's what this chalks up to," Hall President Jeff Idelson said. "Honestly, I think that any group you put this to would have the same issues. ... There's always going to be discussion and concern about players who didn't get in, but at the end of the day it's a process and again, a snapshot in time isn't one year, it's 15 with this exercise."
Bonds, baseball's only seven-time Most Valuable Player, hit 762 home runs, including a record 73 in 2001.
"It is unimaginable that the best player to ever play the game would not be a unanimous first-ballot selection," said Jeff Borris of the Beverly Hills Sports Council, Bonds' longtime agent.
Clemens, the only seven-time Cy Young Award winner, is third in career strikeouts and ninth in wins.
"To those who did take the time to look at the facts," Clemens said, "we very much appreciate it."
Since 1961, the only years the writers didn't elect a candidate were when Yogi Berra topped the 1971 vote by appearing on 67 percent of the ballots cast and when Phil Niekro headed the 1996 ballot at 68 percent. Both were chosen the following years when they achieved the 75 percent necessary for election.
The other BBWAA elections without a winner were in 1945, 1946, 1950, 1958 and 1960.
"Next year, I think you'll have a rather large class and this year, for whatever reasons, you had a couple of guys come really close," Commissioner Bud Selig said at the owners' meetings in Paradise Valley, Ariz. "This is not to be voted to make sure that somebody gets in every year. It's to be voted on to make sure that they're deserving. I respect the writers as well as the Hall itself. This idea that this somehow diminishes the Hall of baseball is just ridiculous in my opinion."
Players' union head Michael Weiner called the vote "unfortunate, if not sad."
"To ignore the historic accomplishments of Barry Bonds and Roger Clemens, for example, is hard to justify. Moreover, to penalize players exonerated in legal proceedings — and others never even implicated — is simply unfair. The Hall of Fame is supposed to be for the best players to have ever played the game. Several such players were denied access to the Hall today. Hopefully this will be rectified by future voting."
Three inductees were chosen last month by the 16-member panel considering individuals from the era before integration in 1947: Yankees owner Jacob Ruppert, umpire Hank O'Day and barehanded catcher Deacon White. They will be enshrined during a ceremony in Cooperstown on July 28, when the Hall also will honor Lou Gehrig and Rogers Hornsby among a dozen players who never received formal inductions because of restrictions during World War II.
Bonds has denied knowingly using performance-enhancing drugs and was convicted of one count of obstruction of justice for giving an evasive answer in 2003 to a grand jury investigating PEDs. Clemens was acquitted of perjury charges stemming from congressional testimony during which he denied using PEDs.
Sosa, who finished with 609 home runs, was among those who tested positive in MLB's 2003 anonymous survey, The New York Times reported in 2009. He told a congressional committee in 2005 that he never took illegal performance-enhancing drugs.
The BBWAA election rules say "voting shall be based upon the player's record, playing ability, integrity, sportsmanship, character, and contributions to the team(s) on which the player played."
An Associated Press survey of 112 eligible voters conducted in late November after the ballot was announced indicated Bonds, Clemens and Sosa would fall well short of 50 percent. The big three drew even less support than that as the debate raged over who was Hall worthy.
Voters are writers who have been members of the BBWAA for 10 consecutive years at any point.
BBWAA president Susan Slusser of the San Francisco Chronicle said she didn't vote for Bonds, Clemens or Sosa.
"The evidence for steroid use is too strong," she said.
As for Biggio, "I'm surprised he didn't get in."
MLB.com's Hal Bodley, the former baseball columnist for USA Today, said Biggio and others paid the price for other players using PEDs.
"They got caught in the undertow of the steroids thing," he said.
Bodley said this BBWAA vote was a "loud and clear" message on the steroids issue. He said he couldn't envision himself voting for stars linked to drugs.
"We've a forgiving society, I know that," he said. "But I have too great a passion for the sport."
Mark McGwire, 10th on the career home run list, received 16.9 percent on his seventh try, down from 19.5 last year. He received 23.7 percent in 2010 — a vote before he admitted using steroids and human growth hormone.
Rafael Palmeiro, among just four players with 500 homers and 3,000 hits along with Hank Aaron, Willie Mays and Eddie Murray, received 8.8 percent in his third try, down from 12.6 percent last year. Palmeiro received a 10-day suspension in 2005 for a positive test for performance-enhancing drugs, claiming it was due to a vitamin vial given to him by teammate Miguel Tejada.
While there are exhibits about the Steroids Era at the Hall, the plaque room will remain without Bonds and Clemens, who join career hits leader Pete Rose on the outside looking in. There were four write-in votes for Rose, who never appeared on the ballot because of his lifetime ban that followed an investigation of his gambling while manager of the Cincinnati Reds.
Morris increased slightly from his 66.7 percent last year, when Barry Larkin was elected. Morris could become the player with the highest-percentage of the vote who is not in the Hall, a mark currently held by Gil Hodges at 63 percent in 1983.
Several players who fell just short in the BBWAA balloting later were elected by either the Veterans Committee or Old-Timers' Committee: Nellie Fox (74.7 percent on the 1985 BBWAA ballot), Jim Bunning (74.2 percent in 1988), Orlando Cepeda (73.6 percent in 1994) and Frank Chance (72.5 percent in 1945).
The ace of three World Series winners, Morris had 254 victories and was the winningest pitcher of the 1980s. His 3.90 ERA, however, is higher than that of any Hall of Famer.
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UPDATE 2-Baseball-Bonds, Clemens denied; no players make Hall

* Bonds received 36.2 percent of the vote, Clemens 37.6
* First year since 1996 that no players elected to Hall
* Former Astro Biggio comes closest, falls 39 votes shy (Adds quotes and details)
Jan 9 (Reuters) - No one was elected to the Baseball Hall of Fame on Wednesday, with all-time home run leader Barry Bonds and seven-time Cy Young winner Roger Clemens snubbed over suspicion they used performance enhancing drugs.
Craig Biggio, who stroked 3,060 hits in a 20-year career with the Houston Astros, came closest to winning election, named on 68.2 percent of the 569 ballots to fall 39 votes shy of the 427 needed for election to the Cooperstown, New York, shrine.
Three more votes back was pitcher Jack Morris, who received 385 votes, followed by Jeff Bagwell at 339.
Bonds was named on 36.2 percent of the ballots, and Clemens 37.6, well short of the 75 percent needed for enshrinement in voting by the Baseball Writers' Association of America.
It marked the first year since 1996 that no player was elected into the Hall of Fame, in what was seen as a referendum on players that compiled outsized statistics during the so-called Steroids Era.
"I was a little shocked," Hall of Fame pitcher Ferguson Jenkins told MLB TV. "I thought probably Jack Morris or Craig Biggio would probably get the opportunity to be a Hall of Famer because they had such outstanding careers.
"But with the high profile situation of having too many other players under the microscope, the suspicion of taking performance enhancing drugs, I think it took away from their opportunity for getting votes."
Clemens and Bonds, appearing on the ballot for the first time after waiting five years following their retirement, would have been certain first-ballot winners but faced a backlash over links to what Major League Baseball's internal Mitchell Report of 2007 called widespread doping in the game.
Bonds has admitted to "unknowingly" using steroids, and been convicted of obstruction of justice in a federal case on PEDs. The longtime former trainer of Clemens has said the pitcher used steroids, though Clemens was found not guilty in a court case.
Hall of Fame voters pledge not only to look at a candidate's playing ability and performance but also to take into account "integrity, sportsmanship and character".
Mike Piazza, the all-time home run leader among catchers, was named on 329 ballots, 32 more than Tim Raines.
Former closer Lee Smith (272) and starting pitcher Curt Schilling (221) also finished above Clemens and Bonds in the voting, who stood eighth and ninth, respectively.
"It certainly is a start-studded ballot with a number of guys who set remarkable records," Hall of Fame president Jeff Idelson said before announcing the results.
"Then you put in what voters have gone through and the consternation they've had in trying to decide who to pick and it's made it one of the most talked about classes in history."
They will all return to the ballot next year, which will also feature strong first-time candidates in pitchers Greg Maddux, Tom Glavine and slugger Frank Thomas.
Players can remain on the ballot for as long as 15 years, and six players from the 1996 vote eventually did win election into the Hall of Fame.
"Major League Baseball recognizes that election to the Hall of Fame is our game's most extraordinary individual honor," the commissioner's office said in a statement.
"While this year did not produce an electee, there are many worthy candidates who will merit consideration in the future."
There will still be an induction ceremony in Cooperstown on July 28.
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Bonds, Clemens denied; no players make Hall

(Reuters) - No one was elected to the Baseball Hall of Fame on Wednesday, with all-time home run leader Barry Bonds and seven-time Cy Young winner Roger Clemens snubbed over suspicion they used performance enhancing drugs.
Craig Biggio, who stroked 3,060 hits in a 20-year career with the Houston Astros, came closest to winning election, named on 68.2 percent of the 569 ballots to fall 39 votes shy of the 427 needed for election to the Cooperstown, New York, shrine.
Three more votes back was pitcher Jack Morris, who received 385 votes, followed by Jeff Bagwell at 339.
Bonds was named on 36.2 percent of the ballots, and Clemens 37.6, well short of the 75 percent needed for enshrinement in voting by the Baseball Writers' Association of America.
It marked the first year since 1996 that no player was elected into the Hall of Fame, in what was seen as a referendum on players that compiled outsized statistics during the so-called Steroids Era.
"I was a little shocked," Hall of Fame pitcher Ferguson Jenkins told MLB TV. "I thought probably Jack Morris or Craig Biggio would probably get the opportunity to be a Hall of Famer because they had such outstanding careers.
"But with the high profile situation of having too many other players under the microscope, the suspicion of taking performance enhancing drugs, I think it took away from their opportunity for getting votes."
Clemens and Bonds, appearing on the ballot for the first time after waiting five years following their retirement, would have been certain first-ballot winners but faced a backlash over links to what Major League Baseball's internal Mitchell Report of 2007 called widespread doping in the game.
Bonds has admitted to "unknowingly" using steroids, and been convicted of obstruction of justice in a federal case on PEDs. The longtime former trainer of Clemens has said the pitcher used steroids, though Clemens was found not guilty in a court case.
Hall of Fame voters pledge not only to look at a candidate's playing ability and performance but also to take into account "integrity, sportsmanship and character".
Mike Piazza, the all-time home run leader among catchers, was named on 329 ballots, 32 more than Tim Raines.
Former closer Lee Smith (272) and starting pitcher Curt Schilling (221) also finished above Clemens and Bonds in the voting, who stood eighth and ninth, respectively.
"It certainly is a start-studded ballot with a number of guys who set remarkable records," Hall of Fame president Jeff Idelson said before announcing the results.
"Then you put in what voters have gone through and the consternation they've had in trying to decide who to pick and it's made it one of the most talked about classes in history."
They will all return to the ballot next year, which will also feature strong first-time candidates in pitchers Greg Maddux, Tom Glavine and slugger Frank Thomas.
Players can remain on the ballot for as long as 15 years, and six players from the 1996 vote eventually did win election into the Hall of Fame.
"Major League Baseball recognizes that election to the Hall of Fame is our game's most extraordinary individual honor," the commissioner's office said in a statement.
"While this year did not produce an electee, there are many worthy candidates who will merit consideration in the future."
There will still be an induction ceremony in Cooperstown on July 28.
Former New York Yankees owner Jacob Ruppert, who bought Babe Ruth from the Boston Red Sox, turn-of-the-20th-century umpire Hank O'Day and 19th-century catcher Deacon White, all deceased, were elected to the Hall last month by the Pre-Integration Committee and will be honored at the ceremony.
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Number of e-book readers increasing in United States: survey

NEW YORK (Reuters) - The popularity of electronic books is increasing in the United States, with nearly one-quarter of American bibliophiles reading e-books, according to a survey released on Thursday.
The number of e-readers aged 16 years and older jumped from 16 percent in 2011 to 23 percent this year, while print readers fell from 72 to 67 percent in 2012, in a survey conducted by the Pew Research Center.
"The move toward e-book reading coincides with an increase in ownership of electronic book reading devices," the organization said. Its report analyzed reading trends among the 75 percent of Americans who read at least one book in the last year.
"In all, the number of owners of either a tablet computer or e-book reading device ... grew from 18 percent in late 2011 to 33 percent in 2012."
E-book owners increased from 4 percent in May 2010 to 19 percent in November 2012, while people with tablets jumped from 3 percent to 25 percent during the same period, according to the report.
People most likely to read e-books are well-educated, 30- to 49-year-olds who live in households earning $75,000 or more.
More women, 81 percent, read books, compared to 70 percent of men, and the number of readers declines as people age. The trend toward e-books impacted libraries, which stocked and loaned more e-books.
"The share of recent library users who have borrowed an e-book from a library has increased from 3 percent last year to 5 percent this year," according to Pew.
Even awareness that library stock e-books has grown, from 24 percent late last year to 31 percent now.
The findings were based on a telephone survey of 2,252 people, aged 16 years and older, across the United States and a similar poll the year before. It had a 2.7 percent margin of error.
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China tightens Internet controls, legalizes post deletion

BEIJING (Reuters) - China unveiled tighter Internet controls on Friday, legalizing the deletion of posts or pages which are deemed to contain "illegal" information and requiring service providers to hand over such information to the authorities for punishment.
The rules signal that the new leadership headed by Communist Party chief Xi Jinping will continue muzzling the often scathing, raucous online chatter in a country where the Internet offers a rare opportunity for debate.
The new regulations, announced by the official Xinhua news agency, also require Internet users to register with their real names when signing up with network providers, though, in reality, this already happens.
Chinese authorities and Internet companies such as Sina Corp have long since closely monitored and censored what people say online, but the government has now put measures such as deleting posts into law.
"Service providers are required to instantly stop the transmission of illegal information once it is spotted and take relevant measures, including removing the information and saving records, before reporting to supervisory authorities," the rules state.
The restrictions follow a series of corruption scandals amongst lower-level officials exposed by Internet users, something the government has said it is trying to encourage.
Li Fei, deputy head of parliament's legislative affairs committee, said the new rules did not mean people needed to worry about being unable to report corruption online. But he added a warning too.
"When people exercise their rights, including the right to use the Internet, they must do so in accordance with the law and constitution, and not harm the legal rights of the state, society ... or other citizens," he told a news conference.
Chinese Internet users already cope with extensive censorship measures, especially over politically sensitive topics like human rights and elite politics, and popular foreign sites Facebook, Twitter and Google-owned YouTube are blocked.
Earlier this year, the government began forcing users of Sina's wildly successful Weibo microblogging platform to register their real names.
The new rules were quickly condemned by some Weibo users.
"So now they are getting Weibo to help in keeping records and reporting it to authorities. Is this the freedom of expression we are promised in the constitution?" complained one user.
"We should resolutely oppose such a covert means to interfere with Internet freedom," wrote another.
The government says tighter monitoring of the Internet is needed to prevent people making malicious and anonymous accusations online, disseminating pornography and spreading panic with unfounded rumors, pointing out that many other countries already have such rules.
Despite periodic calls for political reform, the party has shown no sign of loosening its grip on power and brooks no dissent to its authority.
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Sri Lanka arrests 100 Chinese for cyber fraud, police say

COLOMBO (Reuters) - Sri Lanka on Saturday arrested at least 100 Chinese nationals accused of an internet fraud scheme targeting people in their home country, a police spokesman said.
The accused, all in Sri Lanka on tourist visas, are suspected of hacking into computers in China and then demanding their owners transfer them money, police spokesman Prishantha Jayakodi told Reuters.
Chinese police requested help from Sri Lanka, he said.
Officials at the Chinese embassy in Colombo were not available for comment.
China has been the top lender to Sri Lanka since the end of a 25-year war in May 2009 and thousands of Chinese are working in the country on Chinese-funded infrastructure projects.
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World stocks rise as Alcoa sees stronger demand

BANGKOK (AP) — World stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013.
Demand for aluminum has been hurt by the weak global economy, but Alcoa predicted a 7 percent increase in demand this year, slightly better than the 6 percent increase in 2012. Because Alcoa makes aluminum for so many key industries, investors study its results for clues about the health and direction of the overall economy.
"Regional markets are mostly firmer after the Alcoa result set the tone early in Asia," said Stan Shamu of IG Markets in Melbourne in a market commentary. "Alcoa's results are generally considered a bellwether for the global economy and the fact that the aluminum giant forecasts higher demand in 2013 appeased investors."
European stocks rose in early trading. Britain's FTSE 100 rose 0.4 percent to 6,075.35. Germany's DAX added 0.3 percent to 7,720.34. France's CAC-40 rose 0.4 percent to 3,721.74.
Wall Street appeared headed for gains, with Dow Jones industrial futures up 0.2 percent at 13,291 and S&P 500 futures rising 0.2 percent to 1,454.70.
In Asia, Hong Kong's Hang Seng advanced 0.5 percent to 23,218.47 after a downturn in the prior session, with sentiment helped by gains in mainland Chinese shares.
"Stability in China is helping. We are taking a lot of cues from China-Asia," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.
Japan's Nikkei 225 index opened lower on a strengthening yen but reversed course as the currency slipped against the dollar. The benchmark in Tokyo gained 0.7 percent to close at 10,578.57.
Australia's S&P/ASX 200 added 0.4 percent to 4,708.10. South Korea's Kopsi was 0.3 percent lower at 1,991.20. Benchmarks in Singapore, Taiwan, Thailand, and the Philippines rose. Indonesia and Malaysia fell. Mainland Chinese stocks were mixed.
Analysts at Capital Economics said in a market commentary that "2013 has begun with more optimism about prospects for the global economy."
Among individual stocks, shares of Australian company Alumina Ltd., a joint venture partner of Alcoa, jumped 4.6 percent. Mitsubishi Heavy Industries Ltd. rose 5 percent in Tokyo. Hong Kong-listed China Railway Group rose 5.1 percent.
Major indexes surged last week after U.S. lawmakers passed a bill to avoid a combination of government spending cuts and tax increases that have come to be known as the fiscal cliff. The deal, however, remains incomplete, and trading has been cautious since then. Politicians will face another deadline in two months to agree on more spending cuts.
U.S. stocks closed lower Tuesday, before Alcoa's earnings report was released.
Benchmark crude for February delivery was down 16 cents to $92.98 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 4 cents to close at $93.15 per barrel on the Nymex on Tuesday.
In currencies, the euro rose slightly to $1.3085 from $1.3084 Tuesday in New York. The dollar rose to 87.62 yen from 87.19 yen.
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Futures rise as earnings season begins in the US

NEW YORK (AP) — Stock futures are rising after a pair of U.S. companies opened the earnings season with a surprisingly strong start.
Dow Jones industrial futures are up 13 points to 13,280. The broader S&P futures have added 0.80 points to 1,435.10. Nasdaq futures are up 0.25 points to 2,714.25.
After markets closed Tuesday, Alcoa predicted rising demand for its aluminum this year and topped revenue expectations for the fourth quarter. Earlier in the day, agricultural giant Monsanto said its profit tripled and raised its guidance for 2013.
Alcoa's outlook, which could hint at a broader economic recovery, helped to buoy markets overseas Wednesday.
Britain's FTSE 100 rose 0.4 percent, Germany's DAX added 0.3 percent and France's CAC-40 rose 0.4 percent. In Asia, Hong Kong's Hang Seng advanced 0.5 percent.
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Stocks open higher for first day in three

NEW YORK (AP) — Stocks rose on Wall Street in early trading Wednesday after U.S. corporate earnings reports got off to a strong start.
The Dow Jones industrial average rose 75 points to 13,403 after the first hour of trading. The Dow is coming off of two days of losses.
The Standard & Poor's 500 index rose six to 1,463 and the Nasdaq composite rose 16 to 3,108.
Alcoa predicted rising demand for aluminum this year as the aerospace industry gains strength. Late Tuesday the company reported fourth-quarter revenue that beat analysts' forecasts. Investors pay close attention to Alcoa's results and forecasts because the aluminum it makes is used in so many industries including construction and manufacturing.
Consumer products maker Helen of Troy, whose brands include Dr. Scholl's, Vicks and Fabreze, rose 71 cents to $34.24 after reporting a 15 percent increase in net income.
The yield on the 10-year Treasury note was unchanged at 1.87 percent. The dollar edged higher against the euro and crude oil rose 13 cents to $93.28 a barrel.
European markets also rose. Benchmark indexes rose 1 percent in Britain and 2 percent in Italy. Germany's DAX rose 0.4 percent and France's CAC-40 rose 0.3 percent.
Among other stocks making big moves:
— Wireless network operator Clearwire jumped 22 cents to $3.14 after Dish network made an unsolicited offer to buy the company, which has already agreed to sell itself to Sprint. Dish rose 95 cents to $36.91 and Sprint fell 10 cents to $5.87.
— Online education company Apollo Group plunged 10 percent after reporting a sharp decline in fall-term student sign-ups at the University of Phoenix. The stock fell $2.12 to $18.82.
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Saban quickly turns to challenges of 2013 season

FORT LAUDERDALE, Fla. (AP) — It's becoming a familiar January scene for Nick Saban.
The Alabama coach plastered a smile on his face for a series of posed photos next to the various trophies awarded to college football's national champions and then proceeded to talk about the challenges facing his team.
Maybe Saban let the Gatorade dry from the celebratory drenching before thinking about the 2013 season. Maybe.
"The team next year is 0-0," Saban, who is on a 61-7 run over the past five seasons, said Tuesday morning. "Even though I really appreciate what this team accomplished and am very, very proud of what they accomplished, we need to prepare for the challenges of the new season very quickly with the team we have coming back. "
It didn't take Saban long to refocus after Monday night's 42-14 demolition of Notre Dame that secured a second straight BCS title, the Crimson Tide's third in four seasons and the seventh straight for Southeastern Conference teams.
Shortly after the game, he was already talking about getting back to the office by Wednesday morning.
Alabama players, meanwhile, finally were able to voice the "D-word." Center Barrett Jones said he had a Sports Illustrated cover from a couple of years ago after his last college game.
"It says, 'Dynasty. Can anybody stop Alabama?' I'll never forget looking at that thing and wondering if we really could be a dynasty," said Jones, who mainly put it on the wall because he's featured. "I think three out of four, I'm no dynasty expert, but that seems like a dynasty to me. I guess I can say that now that I'm gone. Don't tell coach I said that."
The 2013 team will almost certainly be regarded among the preseason favorites to get back to the summit, even though three Tide stars — tailback Eddie Lacy, cornerback Dee Milliner and right tackle D.J. Fluker — could decide to skip their senior seasons and turn pro.
Saban also emphatically tried to end speculation that he might return to the NFL, where he spent two years with the Miami Dolphins before returning to the SEC.
It was a question that really made him bristle during the 30-plus minute news conference.
"How many times do you think I've been asked to put it to rest?" Saban said. "And I've put it to rest, and you continue to ask it. So I'm going to say it today, that — you know, I think somewhere along the line you've got to choose. You learn a lot from the experiences of what you've done in the past. I came to the Miami Dolphins, what, eight years ago for the best owner, the best person that I've ever had the opportunity to work for. And in the two years that I was here, I had a very, very difficult time thinking that I could impact the organization in the way that I wanted to or the way that I was able to in college, and it was very difficult for me."
He said that experience taught him that the college ranks "is where I belong, and I'm really happy and at peace with all that."
As for the players, All-America linebacker C.J. Mosley has already said he'll return. So has quarterback AJ McCarron, who had his second straight star turn in a BCS title game.
"We certainly have to build the team around him," Saban said, adding that a late-game spat with Jones showed the quarterback's competitive fire. "I've talked a lot about it's difficult to play quarterback when you don't have good players around you. I think we should have, God willing and everybody staying healthy, a pretty good receiver corps. We'll have to do some rebuilding in the offensive line. Regardless of what Eddie decides to do, we'll probably still have some pretty decent runners. But I think AJ can be a really good player, maybe the best quarterback in the country next year."
The biggest question mark is replacing three, maybe four, starters on an offensive line that paved the way.
Amari Cooper, who broke several of Julio Jones' Alabama freshman receiving marks, and fellow freshman running back T.J. Yeldon give McCarron and the Tide a couple of potent weapons, even if Lacy doesn't return.
"I am going to try to win three or four," said Cooper, who had 105 yards and two touchdowns in the title game. "This season was good, but I expected it to be even more. There is so much more that I can do."
Saban emphasized the difficulty of repeating and said he showed the players a video of NBA Hall of Famer Michael Jordan saying that the first title isn't the hardest — it's the ones after that.
That's because, Saban said, "you have to have the will to fight against yourself."
Now, the 'Bama coach has four titles, including one during his stop at LSU. Saban doesn't wear the championship rings but uses them for a different purpose.
"I just put them on the coffee table for the recruits to look at," he said, cracking up the room.
Saban has already lined up another highly rated recruiting class and has the next wave of young talents waiting in the wings.
After all, he talked about the sign mentor Bill Belichick hung in the football building during their NFL days together: "Do your job."
Saban jokingly acknowledged that while he prepares for everything, the one thing he has never been able to anticipate is the Gatorade bath. He drew heat for a scowl after the first one, following the title game win over Texas when he got dinged in the head. Monday night's dousing went better.
"It's cold, it's sticky, but I appreciated not getting hit in the head with the bucket," Saban said. "That was an improvement."
No program has had this kind of championship run since Tom Osborne's Nebraska teams won it all in 1994, 1995 and 1997.
Saban remembers that second team well. The Cornuskers stomped Michigan State 50-10 in Saban's first game as head coach.
"I'm thinking, we're never going to win a game," Saban said. "We'll never win a game here at Michigan State. I must have taken a bad job, wrong job, no players, something. I remember Coach Osborne when we shook hands after the game, he put his arm around me and whispered in my ear, 'You're not really as bad as you think.'"
So take heart, college football.
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AP Source: Browns interviewing CFL's Trestman

 A person familiar with the interview says the Browns are meeting with Montreal Alouettes coach Marc Trestman.
Trestman interviewed with the Chicago Bears on Monday night and arrived at the Browns' facility in suburban Berea on Tuesday, said the person who spoke to the Associated Press on the condition of anonymity because of the sensitivity of the search. Trestman is the fifth known candidate to interview with the Browns, who fired Pat Shurmur last week after two seasons.
Trestman was Cleveland's offensive coordinator in 1989. He has extensive background as an NFL assistant and has spent five seasons with Montreal, leading the Alouettes to two Grey Cup titles. The 56-year-old is under contract through 2016, but the club will allow him to leave for an NFL job if he's offered.
The Browns are not commenting on any of their interviews or candidates.
If the team was even thinking about contacting Nick Saban about their vacancy, Alabama's coach made it clear the NFL is in his past — not his future.
With their search in its second week, the Browns may have considered calling Saban, who coached the Miami Dolphins for two years before taking over the Crimson Tide's program. Fresh off winning his third national title in four years, the 61-year-old Saban reiterated that he's content at Alabama and outlined several reasons why he prefers to coach in college.
He said coaching in the NFL taught him that college "is where I belong, and I'm really happy and at peace with all that."
Saban worked as an assistant in Cleveland under Bill Belichick, and there has long been speculation he might one day return to the Browns.
Browns owner Jimmy Haslam and CEO Joe Banner have interviewed several coaching candidates and are expected to meet with more this week.
The Browns are expected to interview Indianapolis offensive coordinator Bruce Arians, who was released from a Baltimore hospital on Monday after he became ill before the Colts' 24-9 playoff loss to the Ravens.
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Kapalua now in a different golf landscape

KAPALUA, Hawaii (AP) — Paradise can leave a lasting impression.
Steve Stricker was just starting to pull himself out of a deep slump in 2006 when he was reminded by his daughter, Bobbi Maria, how long it had been since he last won on the PGA Tour. She was 8 at the time and won a tournament for juniors at their home club in Wisconsin, no more than three or six holes.
"She comes home all excited and says, 'Daddy, I won, I won! We're going to Hawaii,'" Stricker once recalled.
He had to break the news to her.
Stricker was the one who had to win a tournament for them to go to Kapalua to start a new season, and he did that the following year.
As traditions go in golf, starting the year on the rugged coast of Maui is relatively new. The Tournament of Champions began in Las Vegas in 1953, moved to La Costa Resort north of San Diego in 1969 and stayed there 30 years until coming to Kapalua.
This was the 15th year the tour has started at Kapalua, and there has never been another year like this one. A tournament that was supposed to end on Monday didn't start until Monday because of three days of powerful wind — one gust measuring 48 mph — that had the locals drawing comparisons with a 100-year storm.
About the only good that came out of such freak weather was that it took attention away, however briefly, from the PGA Tour winners who stayed home and missed out on the endless days — the top four players in the world ranking, for starters, led by Rory McIlroy and Tiger Woods.
It's not a new problem, but it's still a problem. And it contributes to a future as cloudy as Molokai at sunrise.
Kapalua has a contract only through this year to host the tournament.
Hyundai's three-year deal as the title sponsor of the Tournament of Champions expires this year, even though corporate officials sounded optimistic about renewing and there are strong signs it will happen.
It doesn't help that Mother Nature was in a bad mood this week. Few things in golf cause a knee-jerk reaction like bad weather.
There were suggestions to move the Pebble Beach National Pro-Am to the end of the West Coast Swing after the tournament was canceled by rain in 1996, completed nearly seven months after it started in 1998 because of rain, and shortened to 54 holes a year later because of — you guessed it — rain.
Since then, Pebble has had more than its share of glorious weather.
The rain was so bad in California in 2005 that the Nissan Open at Riviera went five days to get in 36 holes. The next week, the Match Play Championship at La Costa was postponed one day because the entire course looked like a water hazard. Woods wondered if it might not be better for the PGA Tour to spend February in Florida and March in California. It sounded like a reasonable idea until a Champions Tour in Florida was shortened to 36 holes because of rain.
Wiser heads will realize that golf is an outdoor sport. It's not a disgrace when weather causes problems. It's a miracle it doesn't happen more often.
The issues on Maui go beyond weather.
The PGA Tour is going to a wraparound season in the fall, meaning the real season-opener will be in October at the Frys.com Open. There already will be six tournaments in the books before the Tournament of Champions next January.
Is that a problem? Not when you consider that for 33 years, the Tournament of Champions was held after the Masters.
"We are not terribly concerned about it," said Steve Shannon, vice president of marketing for Hyundai. "I think there is that aspect of it's the start of the year, so even if it's literally not the first PGA Tour event, there's something about the start of the year, and there's something about this location."
Still to be determined is what he meant by location — Kapalua specific or Hawaii in general?
Kapalua tends to get the brunt of the bad weather. There can be what the locals call "pineapple showers" along this portion of the coast, while only 20 miles away there is abundant sunshine and less wind. Still, the Plantation Course is the only course in Hawaii that Golf Digest ranks among the greatest 100 courses in America (No. 97). It's unlike any course the PGA Tour plays all year with dramatic changes in elevation and stunning views of the Pacific, such as humpback whales breaching and surfers at Honolua Bay.
The bigger concern is getting more players to come, though that's been an issue for years now.
Woods hasn't been back since 2005, when he started taking uninterrupted breaks in the winter. Phil Mickelson stopped coming a decade ago, suggesting the wind and slope allowed bad habits to creep into his swing. Adding to the list of absentees is Europe producing some of the best players. The European Tour season stretches deep in November, and some players simply want a long break going into the new season.
The 30-man field this year was hardly a disaster, and the leaderboard going into the final round featured a top five of Dustin Johnson, Stricker, Masters champion Bubba Watson, FedEx Cup champion Brandt Snedeker and former PGA champion Keegan Bradley. A lot of tournaments would love to have a leaderboard like that.
Years ago, an idea was tossed around to expand the field by offering a two-year exemption to the Tournament of Champions and include all past champions of the event, with the idea of getting Els and Sergio Garcia to the event because they didn't win the year before. Sure, having them at Kapalua would have helped. But the biggest mistake golf can make is to change rules around any one player, even a player like Tiger Woods.
Besides, Els and Garcia both won on the PGA Tour last year and were eligible to start the year in Kapalua. Neither of them showed up.
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Samsung Says It's Making More Money Than Apple, Now

Riding the wave of gadget goodness from the Consumer Electronics Show in Las Vegas, Samsung released a pretty impressive set of fourth quarter earnings estimates, including a record high profit. The South Korean electronics manufacturer says that it will make $8.3 billion in profits on $52.7 billion in revenue. That's a shade better than Apple's own record high profit of $8.2 billion on just $32 billion. Now, we could all day about the devilish details in the earnings reports and differences between the two companies revenue streams, but one things is brutally clear: Samsung is making more money than Apple, now. At least if its estimates are correct, they are.
RELATED: The Proliferation of MacBook Ripoffs
Tim Cook and company can't be thrilled about this news. Apple's very publicly struggled with Samsung's roaring success in the smartphone business, so much so that it has peppered its competitor with patent litigation lawsuits around the world in an attempt to get its products pulled from shelves. Though Apple won a big decision in the United States last fall, Samsung's been doing pretty well in the appeals process, and it's increasingly looking like Apple will not have its ban.
RELATED: These Are the Samsung Products Apple Wants Banned
Meanwhile, Samsung is still knocking the socks off of consumers. Just hours before releasing the glowing Q4 earnings estimates, the company pulled back the curtain on some pretty mind-boggling new TVs that will probably cost as much as a car but also shows that they're on the right side of the innovation curve. That would be the lucrative side.
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Samsung sees record-high 4Q profit

SEOUL, South Korea (AP) — Samsung Electronics Co., the world's largest technology company by revenue, expects record earnings for the fourth quarter of 2012 as shoppers continued to snap up its smartphones and tablets.
The company said Tuesday its operating profit for the October-December quarter would be about 8.8 trillion won ($8.3 billion), up 89 percent from a year earlier and higher than expectations. It will release its full quarterly result including net profit at the end of this month.
The maker of Galaxy smartphones and tablets said fourth quarter revenue likely rose 18 percent from a year earlier to 56 trillion won.
Analysts said nearly 70 percent of the operating income for the quarter was likely generated by Samsung's mobile division that makes and sells smartphones and tablets.
Samsung's mobile business, which recently overtook Apple in smartphone sales and Nokia in mobile handsets, has driven Samsung's earnings growth in recent quarters. Samsung's quarterly operating profit has risen steadily since the final quarter of 2011, while rival mobile-phone makers such as Nokia, Research In Motion and HTC have experienced falling market share and profits.
Samsung shipped at least 60 million smartphones in the last quarter of 2012, according to analysts' estimates, about 10 percent growth from the previous quarter.
The launch in September of the Galaxy Note II, a giant smartphone with a 5.5-inch screen and a digital pen, helped Samsung retain its market dominance during the Christmas holiday season despite competition from Apple's iPhone 5, analysts said. Samsung's flagship Android device, the Galaxy S III, also sold strongly.
Jin Sung-hye, an analyst at KTB Securities, estimated Samsung shipped 15 million S III smartphones and 7 million of the Note II during the final three months of 2012. The surprise popularity of the Note II device prompted other handset makers to increase the screen size of their smartphones as consumers embrace a wider mobile-phone screen to watch videos.
Market watchers speculate that Samsung will introduce a new Galaxy S smartphone, likely to be named the Galaxy S IV, before the end of April. Samsung usually rolls out the latest iteration of its Android-based flagship smartphone before the end of the second quarter, taking advantage of the time when rivals are months away from introducing new smartphone models.
With the early rollouts of the new Galaxy S model and an update to the Note series later in the year, analysts predict Samsung will sell at least 300 million smartphones in 2013, widening its lead over Apple. Samsung's smartphone shipments likely surpassed 200 million for the first time in 2012.
The company plans to act more aggressively to increase its share of the tablet PC market this year, which is still dominated by Apple's iPad, its executives said in an October conference call. The release of mini tablets that are between the size of smartphones and standard tablets also opens up a new growth area for Samsung.
While the mobile phone division has replaced Samsung's semiconductor business as the biggest profit generator, robust demand for smartphones around the world is benefiting Samsung's semiconductor operation as well. The company is the world's largest supplier of TVs and memory chips.
Analysts said Samsung's semiconductor division fared better in the last quarter than the quarter before as higher Samsung phone sales and launches of new mobile products by its customers lifted demand for Samsung's mobile processors.
In the first quarter of this year, market watchers said the strengthening of the South Korean currency against the U.S. dollar and the Japanese yen could hurt Samsung's component businesses, which is facing seasonally weak demand for TVs and display panels. But others predict Samsung will ship more smartphones than the previous quarter, which could outweigh lower TV and panel sales.
The South Korean company has been in global legal battles with Apple, one of its biggest clients, for nearly two years. Last month, Samsung dropped its bid to seek a sales ban against Apple's mobile products in Europe, saying it would like to protect consumer choice. Samsung, which is under investigations by the European Commission over its practice of licensing key mobile patents, is maintaining its lawsuits against the iPhone maker in other countries.
Shares of Samsung Electronics fell 1 percent in Seoul after earnings release. Samsung's shares, which gained 11 percent in the fourth quarter, hit a record high level earlier this month.
If Samsung's fourth quarter results are in line with Tuesday's guidance, the company will report 29 trillion won ($27.3 billion) operating profit on revenue of 201.1 trillion won ($189 billion) for 2012.
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Asia stocks down ahead of US corporate earnings

 Asian stock markets headed lower Tuesday as investors turned cautious before U.S. earnings season kicks off this week.
Investors will get a feel for corporate America's outlook as earnings reports start coming. Aluminum producer Alcoa Inc. will unofficially launch the reporting season for the fourth quarter of 2012 on Tuesday after U.S. markets close.
Events during the quarter such as Superstorm Sandy, the presidential election, and worries about the narrowly avoided "fiscal cliff" could lead to some unexpected results.
Japan's Nikkei 225 index tumbled 1.1 percent to 10,477.14 as the yen crept upward against the U.S. dollar. The rebound in the yen led some investors to sell export shares that had surged as the currency weakened in recent weeks. Toyota Motor Corp. fell 2.3 percent while Mazda Motor Corp. plunged 5 percent. Nintendo Co. shed 3 percent.
Hong Kong's Hang Seng fell 0.5 percent to 23,223.12. South Korea's Kospi lost 0.6 percent to 1,999.92. Benchmarks in Singapore, Taiwan and Thailand fell, while Indonesia and the Philippines rose. Mainland Chinese shares were mixed.
Australia's S&P/ASX 200 shed 0.6 percent to 4,690.80. That came as the government announced the country's trade deficit widened in November and a report by the Australian Industry Group and the Housing Industry Association showed the country's construction industry slowing for the 31st consecutive month.
"Investors are taking a wait-and-see attitude," said Evan Lucas, strategist at IG Markets in Melbourne, adding that many investors went for profits ahead of the release Wednesday of weekly jobless claims in the U.S. and the European Central Bank's rate-setting meeting Thursday.
"A lot of eyes are watching what will happen in Europe and America over the next couple of days," he said. Another closely watched development will be the Bank of England's monthly announcement on its key interest rate, due Thursday.
Major indexes surged last week after U.S. lawmakers passed a bill to avoid a combination of government spending cuts and tax increases that have come to be known as the fiscal cliff. The deal, however, remains incomplete. Politicians will face another deadline in two months to agree on more spending cuts.
"The looming budget battle in the US has also prompted some hesitancy to buy risk assets," said analysts at Credit Agricole CIB in Hong Kong.
Stocks in the U.S. closed down Monday from the five-year high it reached last week as investors shifted their focus to corporate profits. The Dow Jones industrial average fell 0.4 percent to 13,384.29. The Standard & Poor's 500 index fell 0.3 percent to 1,461.89. The Nasdaq composite index fell less than 0.1 percent to 3,098.81.
Benchmark crude oil contract for February delivery was up 1 cent to $93.20 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 10 cents to close at $93.19 a barrel on the Nymex on Monday.
In currencies, the euro rose to $1.3122 from $1.3112 in New York late Monday. The dollar fell to 87.44 yen from 87.84 yen.
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5 die in plane crash in French Alps

PARIS (AP) — Police say five people have died after their plane crashed shortly after taking off from an airport in the French Alps.
The plane crashed in a forest in an uninhabited area outside Grenoble, a city that is the gateway to the mountain resorts of the Alps in southeastern France.
An official with the French gendarmerie said the plane crashed Saturday shortly after it took off from Grenoble's airport. Everyone aboard died. It was not clear what kind of plane they were flying. The identities of the victims were not immediately known.
The official would only give the information on condition of anonymity because of police rules.
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Family of 5 dies in plane crash near French Alps

PARIS (AP) — A Moroccan family of five returning home died Saturday when their plane crashed shortly after takeoff from an airport near the French Alps, officials said.
The twin-engine plane hit a hill and crashed in a forest in an uninhabited area outside Grenoble, a city that is the gateway to the Alpine resorts in southeastern France.
Bruno Charlot, a local government official, said all five aboard died. The pilot was flying his wife and their three children home to Morocco, apparently after a vacation in France.
The plane took off Saturday afternoon from Grenoble's airport and quickly disappeared off the radar. Charlot said the weather was clear, and an investigation is under way to determine the cause of the crash.
The crash caused a small fire that extinguished itself even before responders arrived on the scene. No one was hurt on the ground.
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6 Russians die in snowmobile crash in Italy

ROME (AP) — Six Russians were killed and two seriously injured when the snowmobile and sled they were riding veered off an Italian Alpine ski slope at night, slammed into a barrier and flew through the air into a ravine.
The accident occurred Friday, and when rescuers arrived at the scene six of the victims were found dead on the slope of Mount Cermis, in the Trentino-Alto Adige region of northeast Italy, said Cavalese Fire Department Cmdr. Roberto Marchi.
"It is clear that the fundamental cause is recklessness and imprudence," Marchi told Sky TG24 TV in an interview on the slope Saturday. It is labeled "pista nera" or the black ski run, indicating a level of steepness and other difficult conditions suitable only for the most experienced skiers.
Six of the people involved in the accident were Russian tourists and the other two were Russians who worked in Italy in the tourist industry.
Cavalese Mayor Silvano Welponer said that putting a driver and passenger in the snowmobile and having it pull six passengers in the sled "made for a very heavy load. You have to know what you are doing and have the experience" to safely handle that, he said.
The ANSA news agency said authorities were performing tests to determine if the snowmobile's driver — who survived the crash — was drunk.
The sled-towing snowmobile cut a spectacular trajectory after it veered off the slope on a curve, hit the manmade barrier, flew through the air while shearing the tips off tree branches, then landed in the ravine, Italian news reports said.
RAI state radio said the slope was unlit, and other Italian news reports quoted local officials as saying it had been closed for the day and that the only vehicles allowed on it when it is open are staff or rescue ones. The Russians were believed to have dined at the top of the slopes and were heading back to their hotel when they crashed, the reports said.
The Russian consul general in Milan, Alexei Parmonov, said on Russian state television that he was in contact with Italian investigators, who he said suspect the crash was caused by excessive speed. They also were checking the possibility of a mechanical malfunction.
Italian prosecutors formally opened a probe to see if manslaughter charges should be filed, Italian news reports said.
Parmonov identified the four men and two women who died in the crash. Five of them and also one of the injured men were tourists from Krasnodar, a region in southern Russia that includes Sochi, which is preparing to hold the 2014 Winter Olympics. One of the dead women and the other injured man worked in Italy in the tourist industry.
The Russian diplomat identified the dead as Denis Kravchenko, Irina Kravchenko, Vyacheslav Sleptsov, Yulia Yudina, Lyudmila Yudina and Rafilya Pshenichnaya. The injured, he said, were Boris Yudin and Azat Agafarov. All except Pshenichnaya and Agafarov were tourists from Krasnodar. Yudin's 17-year-old son, who stayed behind in the hotel, lost his mother and sister in the accident, while his father was hospitalized with multiple fractures, Parmonov said.
A day of entertainment had been planned for the Val di Fiemme ski resort area Saturday, ahead of the World Cup cross-country ski competition, but the festivities were canceled because of the accident.
Two high-profile deadly accidents have occurred on Mount Cermis.
In 1998, a U.S. Marine jet, flying low on a training run from a nearby air base, sliced a ski gondola's cable, sending the cable car crashing to the ground and claiming 20 lives. The accident triggered months of tension between Italy and the United States, two traditionally good allies.
In 1976, a ski gondola broke off from its cable and plunged to the slope, killing 42 people.
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Eli Lilly banks on cost controls for higher 2013 profit

(Reuters) - Eli Lilly and Co said on Friday it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.
Lilly, whose shares were up nearly 4 percent on Friday, said 2013 sales will be flat to a bit higher, despite the loss of patent on its $5 billion-a-year antidepressant, Cymbalta, in December.
The Indianapolis-based drugmaker is coming off a particularly difficult 2012 when sales declined sharply because of competition from cheaper generics.
It expects 2013 earnings to increase to $3.75 to $3.90 per share excluding items, from a forecast of $3.30 to $3.40 per share in 2012. In 2011, its adjusted earnings were $4.41 per share.
Analysts on average forecast earnings of $3.71 for 2013 and $3.36 per share for 2012, according to Thomson Reuters I/B/E/S.
"Overall, it was better than anyone expected," said Barclays Capital analyst Tony Butler. "From an earnings perspective, no one believed that operating expenses would be kept in check."
Morningstar analyst Damien Conover said, "They're cutting costs at a pace that's maybe a little quicker than people were anticipating, and that was one of the reasons for the outperformance in their guidance."
The company said 2013 net profit would benefit from a tax credit that had been pushed into this year because of the late signing of the American Taxpayer Relief Act of 2012 - the legislation that prevented the so-called fiscal cliff.
The company said it is not sure yet of the amount of the tax credit, which is related to research and development accounting, and said it would provide more information during its January 29 earnings conference call. Lilly said it excluded the impact from all of its financial guidance.
Similar uncertainty could face other drugmakers, as well as other corporate sectors with extensive research budgets, such as technology and defense. However, "It could be resolved by the time everybody else reports," Butler said of the pharmaceutical industry. "We've got another three weeks before anyone reports."
Lilly said the adjusted earnings forecast also excludes payment and income for revenue sharing with Bristol-Myers Squibb Co's Amylin unit on Byetta, a diabetes drug, and restructuring charges. Lilly severed ties with Amylin when it agreed to collaborate with Boehringer Ingelheim on diabetes drug development.
HELP ON THE WAY
Lilly forecast 2013 revenue of $22.6 billion to $23.4 billion, driven by sales of its drugs for diabetes, osteoporosis, cancer, erectile dysfunction and animal health. The company said it also expects significant revenue growth from Japan and emerging markets, such as China.
Analysts are looking for 2013 revenue of $22.82 billion.
While Cymbalta is not expected to start facing generic competition until the end of the year, the company cautioned that sales declines could begin sooner if wholesalers start to reduce inventory supplies prior to the patent expiration.
As a result, it said, the fourth quarter could look significantly different than the first three.
Lilly has already been battered by generic competition for its once top-selling schizophrenia drug, Zyprexa, and will face generic competition for its $1 billion-a-year Evista osteoporosis drug in early 2014.
But help is on the way. Lilly said it now has 13 drugs in late-stage testing, the most at any one time in its history. It could seek approvals this year for drugs for Type 1 and Type 2 diabetes, gastric cancer and for a type of lymphoma.
Chief Financial Officer Derica Rice told analysts on a conference call that the company was firmly focused on replenishing the developmental pipeline. "This is our future and it's our first priority."
The company also vowed to maintain its dividend payout and complete its share repurchase plan.
"Lilly has financially done a really good job. Obviously, you need the pipeline to come through," said Barclay's Butler, adding that positive late-stage data on ramucirumab in breast cancer could signal an important new product for Lilly. The drug is also in late-stage testing for the smaller gastric cancer market.
Other key events for Lilly in 2013 include the start of a new Phase III trial of solanezumab in patients with mild Alzheimer's disease after an earlier study failed but showed some signs of hope for the memory-robbing condition, and an August trial challenging a method of use patent on the $3 billion-a-year lung cancer drug Alimta.
Should Lilly prevail in court, the company could have patent protection on the medicine into 2022 even though the basic patent lapses in 2016.
Asked if the company would consider settling the case before it comes to trial, Phil Johnson, Lilly's vice president for investor relations, said: "Nothing is off the table, but we have not historically entered into those kinds of agreements."
Eli Lilly shares were up 3.8 percent at $51.60 on Friday afternoon on the New York Stock Exchange.
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Lilly 2013 profit forecast tops expectations

INDIANAPOLIS (AP) — Eli Lilly and Co. unveiled a better-than-expected 2013 earnings forecast Friday, in part because the pharmaceutical company expects growth from several established drugs to help make up for revenue lost to generic competition.
The Indianapolis drug developer saw sales for its all-time best-selling drug, the antipsychotics Zyprexa, crater in 2012 after it lost U.S. patent protection. Lilly will take another hit next December when it loses patent protection for its current top seller, the antidepressant Cymbalta.
But company executives told analysts Friday they still expect Cymbalta and another product that loses patent protection in 2013, the insulin Humalog, to help drive revenue growth along with products like the cancer treatment Alimta and the erectile dysfunction drug Cialis.
Lilly also expects more growth from Japan, developing countries and its animal health business.
All told, the drugmaker forecast 2013 adjusted earnings of between $3.75 and $3.90 per share on $22.6 billion to $23.4 billion in revenue.
That topped analyst expectations, on average, for per-share earnings of $3.72, according to FactSet. Analysts also expected $22.87 billion in revenue.
Company shares climbed $1.84, or 3.7 percent, to close at $51.56 Friday, while broader indexes rose less than 1 percent.
Lilly said it expects operating expenses will be flat or drop slightly compared with 2012, and that was slightly better than what Edward Jones analyst Judson Clark expected.
He called Lilly's 2013 forecast "a pleasant surprise," but he also noted that plenty of long-term concerns remain. Lilly won't feel the brunt of the Cymbalta patent loss until 2014, and Clark expects the company's earnings to shrink then. What remains to be seen, he said, is whether the drugmaker is willing to preserve its dividend and cut expenses enough to tame that loss.
"We think the real question marks are in 2014," he said.
Lilly also expects to counter the patent expirations by developing new drugs, and the company said Friday it has 13 experimental drugs in late-stage testing, the last phase before a company seeks regulatory approval.
Lilly reiterated on Friday that it expects at least $3 billion in net income and revenue of at least $20 billion through 2014. It also expects to keep paying its dividend and to buy back $1.5 billion in shares this year.
Zyprexa once brought in more than $5 billion in annual revenue for Lilly, but its sales sank 66 percent through the first nine months of 2012 after generic competition entered the market. The company expects revenue from Cymbalta, which topped $4 billion in 2011, to start falling in this year's fourth quarter.
Humalog, Lilly's best-selling insulin, brought in about $1.4 billion in U.S. revenue in 2011. That product may take less of a sales hit after it loses U.S. patent protection in May because it's a biologic drug made from living cells instead of a chemical formula. Those are harder for generic drugmakers to replicate.
Lilly should not expect to replace blockbuster drug revenue with another round of blockbusters, said WBB Securities analyst Steve Brozak. He said the company's success will depend on a combination of drug development, partnerships with other companies and acquisitions that help stoke its product pipeline.
But that approach will be difficult because other drugmakers also are facing patent expirations and will be competing with Lilly on those deals.
"If (Lilly executives) think that business as usual applies, their shareholders are going to vote with their sell orders," he said.
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"Cliff" concerns give way to earnings focus

NEW YORK (Reuters) - Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.
Financial results, which begin after the market closes on Tuesday with aluminum company Alcoa , are expected to be only slightly better than the third-quarter's lackluster results. As a warning sign, analyst current estimates are down sharply from what they were in October.
That could set stocks up for more volatility following a week of sharp gains that put the Standard & Poor's 500 index <.spx> on Friday at the highest close since December 31, 2007. The index also registered its biggest weekly percentage gain in more than a year.
Based on a Reuters analysis, Europe ranks among the chief concerns cited by companies that warned on fourth-quarter results. Uncertainty about the region and its weak economic outlook were cited by more than half of the 25 largest S&P 500 companies that issued warnings.
In the most recent earnings conference calls, macroeconomic worries were cited by 10 companies while the U.S. "fiscal cliff" was cited by at least nine as reasons for their earnings warnings.
"The number of things that could go wrong isn't so high, but the magnitude of how wrong they could go is what's worrisome," said Kurt Winters, senior portfolio manager for Whitebox Mutual Funds in Minneapolis.
Negative-to-positive guidance by S&P 500 companies for the fourth quarter was 3.6 to 1, the second worst since the third quarter of 2001, according to Thomson Reuters data.
U.S. lawmakers narrowly averted the "fiscal cliff" by coming to a last-minute agreement on a bill to avoid steep tax hikes this weeks -- driving the rally in stocks -- but the battle over further spending cuts is expected to resume in two months.
Investors also have seen a revival of worries about Europe's sovereign debt problems, with Moody's in November downgrading France's credit rating and debt crises looming for Spain and other countries.
"You have a recession in Europe as a base case. Europe is still the biggest trading partner with a lot of U.S. companies, and it's still a big chunk of global capital spending," said Adam Parker, chief U.S. equity strategist at Morgan Stanley in New York.
Among companies citing worries about Europe was eBay , whose chief financial officer, Bob Swan, spoke of "macro pressures from Europe" in the company's October earnings conference call.
REVENUE WORRIES
One of the biggest worries voiced about earnings has been whether companies will be able to continue to boost profit growth despite relatively weak revenue growth.
S&P 500 revenue fell 0.8 percent in the third quarter for the first decline since the third quarter of 2009, Thomson Reuters data showed. Earnings growth for the quarter was a paltry 0.1 percent after briefly dipping into negative territory.
On top of that, just 40 percent of S&P 500 companies beat revenue expectations in the third quarter, while 64.2 percent beat earnings estimates, the Thomson Reuters data showed.
For the fourth quarter, estimates are slightly better but are well off estimates for the quarter from just a few months earlier. S&P 500 earnings are expected to have risen 2.8 percent while revenue is expected to have gone up 1.9 percent.
Back in October, earnings growth for the fourth quarter was forecast up 9.9 percent.
In spite of the cautious outlooks, some analysts still see a good chance for earnings beats this reporting period.
"The thinking is you need top line growth for earnings to continue to expand, and we've seen the market defy that," said Mike Jackson, founder of Denver-based investment firm T3 Equity Labs.
Based on his analysis, energy, industrials and consumer discretionary are the S&P sectors most likely to beat earnings expectations in the upcoming season, while consumer staples, materials and utilities are the least likely to beat, Jackson said.
Sounding a positive note on Friday, drugmaker Eli Lilly and Co said it expects profit in 2013 to increase by more than Wall Street had been forecasting, primarily due to cost controls and improved productivity.
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For Egypt's satirists, Morsi's power is no joke

There are few things dictators hate more than satirists, with their uncomfortable habit of piercing hypocrisy and self-importance with just a few well-placed verbal or written barbs.
Under Hosni Mubarak, the Egyptian public's rich horde of satirical memes was an underground phenomenon, the province of cafe talk and SMS messages. That former President Mubarak was commonly called La Vache qui rit ("The Laughing Cow") after the processed cheese brand's mascot, which Egyptian wags insisted Mubarak bore a resemblance to, was something you would never learn from turning on local television and rarely, if ever, from newspapers. You picked it up from friends or acquaintances.
All that changed overnight with the Egyptian uprising against Mubarak in early 2011. The posters of protesters at Tahrir Square relentlessly mocked the president, the themes were quickly taken up on television and newspapers, and it was at this point that Bassem Youssef, a relentlessly genial cardiologist and ardent fan of Jon Stewart's Daily Show, smelled his opportunity.
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Working on a shoestring budget, he began posting a satirical news program on YouTube that quickly caught fire with its irreverent willingness to skewer all comers, members of the old authoritarian regime and emerging political factions like the Muslim Brotherhood alike.
A TV contract soon followed, and his success was in many ways a symbol of the best promises of the Egyptian revolution: A country where freedom of expression was tolerated, energizing local politics and culture after decades of being shut in by a military-backed dictatorship. Mr. Youssef, who I knew years ago when he was focused on his medical career, quickly established a major following. It was clear on the ride in from the airport the other day: Over one of Cairo's busiest highways is a billboard plastered with Youssef's face in a spot where just a few years ago advertisements for the low-quality slapstick comedies of the Mubarak era would have been placed. Recently Youssef even got to meet his hero Jon Stewart (video of Youssef and Stewart above).
But while Egypt remains far more open than it was before the revolution, President Mohamed Morsi and the Muslim Brotherhood that propelled him to power have shown a worrying willingness to try to silence citizens like Youssef with means similar to those used in the past. Yesterday local media reported that Egypt Prosecutor General Talaat Abdallah recommended that Youssef be investigated for the crime of insulting President Morsi and other government figures.
He's just the latest public figure to be targeted, with Islamist lawyers bringing a string of lawsuits against government critics for the crime of "defamation" or threatening national "stability." Ramadan Abdel Hamid al-Oksory, the Islamist lawyer who filed the initial complaint against Youssef, also started proceedings against Coptic Christian tycoon Naquib Sawiris last year for "insulting Islam."
In Egypt, almost anyone can make a legal complaint against private and public figures for insulting religion or individuals, whether or not they have personal standing in the matter. The new Egyptian constitution outlaws, specifically, both defaming religion and "insulting" individuals. But it's up to the general prosecutor to decide whether investigations will go forward. Mr. Abdallah, a Morsi appointee, has been inclined to accept such cases. With the broad, vaguely defined articles in the constitution, convictions that stick are a real threat for the targets.
Over the weekend, Morsi filed a complaint against leading newspaper al-Masry al-Youm for "circulating false news likely to disturb public peace and public security" after the paper reported, apparently incorrectly, that Morsi was planning to visit a military hospital in a Cairo suburb where Mubarak is currently undergoing treatment. Journalist Yousry al-Badry was summoned for interrogation over the incident by the prosecutor's office.
In November, an Egyptian court sentenced seven Egyptian Copts and Florida preacher Terry Jones to death in absentia for their involvement with a YouTube clip that was deemed insulting to Islam and the prophet Mohammed. Such death sentences were unheard of in Mubarak's day. In October, controversial and conspiratorial talk show host Tawfiq Okasha, often described as the Glenn Beck of Egypt, was sentenced to four months in prison for defaming Morsi after a member of the Muslim Brotherhood's Freedom and Justice Party filed a lawsuit against him. Mr. Okasha is appealing.
The growing use of the courts to silence critics, comedians, and dissenters is a clear trend in Egypt, and Egypt's new constitution will make such prosecutions easier than they were under the old one. President Morsi has shown little willingness to stop the suits.
One of the clear gains of Egypt's revolution is under threat. And many of those in power now seem quite comfortable with that.
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Taiwan undersea oil plans raise neighbors' eyebrows

Taiwan, a normally quiet claimant to portions of the disputed South China Sea, plans to explore for undersea oil there, a move likely to test fragile relations with China and upset major Southeast Asian nations.
Ringed by China, Vietnam, the Philippines, Indonesia and others, the waters are believed to hold as many as 213 billion barrels of oil but competing claims from the six bordering nations have fueled tensions, prompting US officials to step in last year to urge calm.
Taiwan’s Bureau of Mines and its top energy company plan to explore this year for some of that oil near an islet that the government holds in the Spratly archipelago, a spokesman for the company said.
Taiwan’s search for oil would remind five competing nations that it still has clout, despite old foe China. The more powerful Beijing forbids its allies around Asia from talking to Taipei and has its own ambitions in the disputed 3.5 million-square-kilometer (1.4 million-square-mile) sea.
“Taiwan seems to be seeking ways to remind other nations of its sovereignty claims,” says Bonnie Glaser, senior Asia adviser with the Washington-based think tank Center for Strategic and International Studies. “Taiwan doesn’t want to be ignored or forgotten.”
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China has considered self-ruled Taiwan part of its territory since the Chinese civil war of the 1940s, chilling ties until 2008 when the two sides put aside political differences to discuss trade and economic links.
But new incidents have challenged the fragile détente, and Taiwan is already angry about last year’s Chinese passports that claim two Taiwanese landmarks. Oil could be next, as Taiwan says it has no plans to share its search with China.
Vietnam and the Philippines also staked claims in the sea. Vessels from China and the Philippines were locked in a standoff last year, and 70 Vietnamese sailors died in a clash in 1988.
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But even as both countries periodically make what's thought of as aggressive moves in the region, both would stop short of forcing Taiwan out from the waters near Spratly where it already has an airstrip, analysts say. Too much bluster might push Taiwan closer to China, which wants more economic ties with Taiwan and which Southeast Asian claimants see as a bigger threat to their maritime interests.
“Lacking much naval power, Manila would have a hard time actually physically preventing any oil exploration by Taiwan,” says Scott Harold, associate political scientist at the RAND Corp., a policy research nonprofit in the United States.
“Hanoi would have a better prospect of reacting militarily, but any stand-off would potentially put them on the wrong side of both Washington and Beijing,” he says.
But much of the oil is already spoken for. China’s state-owned CNOOC Ltd. began drilling undersea last year, and its peer in Hanoi, PetroVietnam, has started surveying. The Philippines is also contracting out other exploration tracts.
Fellow claimant Malaysia currently produces about half the South China Sea’s oil, which is estimated at 1.3 million barrels per day. Brunei also claims parts of the ocean.
Taiwan’s Bureau of Mines will draw up a budget this year and hire CPC Corp. Taiwan to look for oil, CPC spokesman Chen Ming-hui says. Officials told parliament that exploration would cost at least $562,000.
Taiwan needs the oil as 99 percent of energy sources are now imported, Mr. Chen says. “The South China Sea is a place where Vietnam and others have sighted oil, so we think the opportunities there are good,” he says.
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US drone strike in Pakistan kills influential Taliban commander

Key Pakistani Taliban commander Maulvi Nazir – considered a "good" Taliban by some among the Pakistani military – died in a US drone strike that left at least six dead on Thursday, according to local reports.
According to Pakistan's Dawn newspaper, Taliban and local government officials confirm that Mr. Nazir and at least two of his deputies were killed when a US drone hit their vehicle in South Waziristan, a Pakistani tribal region along the Afghan border. The commander's truck had reportedly broken down at the time.
The Guardian notes that neither the Pakistani government nor the Taliban has made an official statement on the reports, and that details remain murky.
Because journalists are usually prevented by militants from visiting places hit by drones, the exact details of what happened and who was killed in such attacks are often extremely hard to verify.
Residents and an intelligence official in South Waziristan who spoke to a local journalist said the total number of people killed in the first attack was either six or 10. The intelligence source said all the men killed were "top leaders" of the Mullah Nazir group, the leading militant group in South Waziristan.
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Maulvi Nazir was the primary militant commander in South Waziristan and a key figure in Pakistan's Taliban, having maintained a complex set of relationships among the region's players.
Unlike some of Pakistan's domestic militants, Nazir chose to focus his efforts fully on Afghanistan and the NATO and US forces stationed there, and according to the US “had a clear collaboration” with Afghanistan's powerful Haqqani network, a primary foe of US and NATO troops in Afghanistan. The Washington Post notes that he was accused of regularly sending troops into Afghanistan to fight alongside the country's own Taliban against the US-led forces there.
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His Afghan focus on targeting foreign troops earned him a reputation with parts of the Pakistani military as a "good" Taliban, and he negotiated a deal with the Islamabad to stay out of its battle with domestic militants in the region. His militants have also aided Pakistani troops in attacking members of Tehrik-e-Taliban Pakistan (TTP), an anti-Islamabad faction of the Taliban.
But that also earned him the hostility of some of his domestic Taliban peers. Nazir was wounded in November during a suicide attack on his convoy. Rival Taliban commanders were believed to have been behind the attack, which was said to have caused some fracturing of the Pakistani Taliban in the region.
Security analyst Imtiaz Gul told the Guardian that Nazir's death will likely be welcomed by both the US and Pakistan – despite the latter's peace deal with the late militant.
"Both the US and Pakistan will be happy because they now have one less enemy," he said. "Although he was in an undeclared peace deal with the government, he was also subverting the stated goals of that agreement by providing support and shelter to al-Qaida people whose leaders have pleaded with the rank and file of the Pakistani army to rebel against the state.
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Russia plans biggest war games since Soviet era

The Russian navy has announced that it will hold its biggest war games since Soviet times in the Mediterranean and Black seas later this month.
The ambitious exercises, which will involve ships from all four major Russian fleets, are a sign of growing confidence on the part of Russia's military as it begins to enjoy the benefits of President Vladimir Putin's huge budget allocations for renewing and re-equipping all branches of the armed forces.
The purpose of the war games will be to strengthen integration between different types of forces and gain practice with major military deployments outside Russia's immediate neighborhood, the Defense Ministry said in a statement Tuesday.
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As part of the maneuvers, naval ships will arrive at an "unprepared" coast in the Russian northern Caucasus region to take amphibious troops onto transport vessels.
"The primary goal of the exercise is to train issues regarding formation of a battle group consisting of troops of different branches outside of the Russian Federation, planning its deployment and managing a coordinated action of a joint Navy group in accordance with a common plan," the ministry's statement said.
The participating ships, it said, will be drawn from all of Russia's four major naval formations: the Northern, Baltic, Pacific, and Black Sea fleets.
Some experts suggest the war games may be cover for an increasingly nervous Moscow's preparations to evacuate Russian citizens and their dependents from war-torn Syria.
About 9,000 Russians are registered with the Russian embassy in Damascus, but some experts say the full number may be 30,000 or more. Over the nearly half a century that Moscow has enjoyed good relations with Syria, thousands of Russian women have married Syrian men and moved to the country. Many of them may urgently demand to return with their children to Russia if the situation turns critical.
This week the Russian navy refreshed a fleet, including several huge amphibious assault ships capable of carrying thousands of people, which it had deployed to the eastern Mediterranean last summer.
Experts say the replacement fleet dispatched this week is of similar makeup, with at least five huge troop-transport ships at its core.
As part of Russia's 8-year, $659-billion rearmament program, the navy is slated to receive 50 new warships by 2016, including new Borey-class nuclear-powered ballistic-missile submarines – the third of which entered service last weekend – 18 major surface warships, and dozens of special purpose and support vessels.
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Gerard Depardieu's latest drama: a Russian passport

Vladimir Putin flourished his pen Thursday morning and signed what must be the oddest decree of his long years in power: an order granting a Russian passport to French actor and tax exile Gerard Depardieu.
A terse announcement posted on the Kremlin website noted that Mr. Putin acted "to satisfy an application for citizenship of the Russian Federation by Gerard Xavier Depardieu, who was born in 1948 in France."
Mr. Depardieu, star of over 170 films and possessing what is often politely referred to as a "colorful" public personality, has been locked in a high profile battle with France's new socialist government over an emergency tax that would levy a 75 percent rate on people earning more than $1.3 million. He recently renounced his French citizenship and took up residence in Belgium, which offers a friendlier tax regime for the super-rich.
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France's high court struck down the law last week as "unconstitutional," but the government announced it will soon reintroduce the measure after taking the court's concerns into account.
It's not clear whether Depardieu actually applied for residence in Russia, which has a 13 percent flat income tax for all, but in a far-ranging press conference last month Putin declared "If Gérard really wants to have a residence permit or a Russian passport, you can consider it done, the issue solved positively."
Putin also said that he has long enjoyed "kind, friendly, personal relations" with the French actor.
COME TO CHECHNYA
Depardieu is no stranger to Russia. He has appeared in several ad campaigns and filmed the 2011 movie Rasputin in St. Petersburg. He is also rumored to be close to Chechen strongman Ramzan Kadyrov, and was guest of honor at the pro-Kremlin leader's birthday party in Grozny last October.
Mr. Kadyrov has said that he would happily invite Depardieu to come and live permanently in Chechnya if he wanted to. "If the country's leadership decides in favor of granting Depardieu Russian citizenship, we will be glad to create deserved conditions for the great cultural figure in our republic," Kadyrov said last week.
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Russia's blogosphere erupted in derision and sarcastic comment Thursday, with some people writing painfully of their own troubles with Russia's notoriously bureaucratic passport department.
One man posted on Facebook his own tale of trying for years to repatriate his own Russian-born elderly mother from next-door Belarus, but he has so far failed to move Russian authorities because her Belarussian documents show a slightly different spelling of her name than appears on her Russian birth certificate.
PART OF SPAT WITH WEST?
Sergei Strokan, a foreign affairs columnist with the liberal Moscow daily Kommersant, says the granting of citizenship to Depardieu should be seen in context with the escalating war of words between Russia and the West. Last month President Barack Obama signed the Magnitsky Act, which aims to punish corrupt Russian officials, and Moscow responded by enacting the Dima Yakovlev Act, whose main feature is a ban on US citizens adopting Russian orphans.
"Russia is very much on the defensive right now. The vindictive nature of Russia's adoption ban has shocked not only the US, but also many in Europe and here in Russia as well," Mr. Strokan says.
"We seem to be entering into a cold war-like battle of images, in which Russia is trying to show that it offers a better life, has higher ideals, and is more friendly to humanity than the West.... So this may be seen as a calculated PR move, an effort to demonstrate that we understand and care for the beloved French actor more than his own homeland does," he adds.
"I can't imagine that Depardieu would actually want to live here and experience the life of Russians, though. Let's see how it goes the first time he attempts to travel with that new Russian passport.
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Lending to businesses still weak in Europe

FRANKFURT, Germany (AP) — Bank loans to companies fell again in Europe, another sign that the economy remains slack in the 17 European Union countries that use the euro.
The European Central Bank said Thursday that loans to non-financial corporations fell by 1.4 percent in November from the year before.
It's a sign that businesses remain reluctant to take on risk and borrow, despite the ECB's record low benchmark interest rate of 0.75 percent. The ECB expects the eurozone economy to shrink 0.3 percent in 2013 and only start to recover in the later part of the year.
Howard Archer, an analyst at IHS Global Insight, said the figures indicate "households and firms are reluctant to take on new debt amid weak economic activity levels and still appreciable uncertainty regarding the economic outlook."
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German jobless rate up to 6.7 percent

Germany's unemployment rate crept up to 6.7 percent in December due to seasonal factors and a more sluggish economy, but the labor market remained robust and the average number of people out of work last year was the lowest in more than two decades.
The unadjusted jobless rate rose from 6.5 percent in November, the Federal Labor Agency said Thursday. Some 2.84 million people were registered unemployed in Germany, Europe's biggest economy — 80,000 more than the previous month and 60,000 higher than a year earlier.
Germany's economy has enjoyed robust growth that kept down unemployment even as many debt-troubled European partners have seen output shrink and joblessness soar — to about 25 percent in the cases of Spain and Greece.
Still, the economy saw slower growth in 2012 than in previous years. Official growth figures for 2012 are due on Jan. 15; the government has forecast growth of 0.8 percent.
Excluding seasonal factors such as the Christmas holidays, Germany's unemployment rate was static at 6.9 percent in December, while the number of jobless was a modest 3,000 higher than the previous month.
Germany's labor market remains healthier than that of most other European countries, but "ramifications of the eurozone debt crisis ... have at least halted any further improvement for the time being," said Timo Klein, an economist at IHS Global Insight in Frankfurt.
Still, he noted that the upturn in unemployment figures "remains extremely subdued" and in fact slowed in the final months of 2012. German business confidence has rebounded lately, and Klein said he doesn't expect "any major deterioration with large increases in joblessness during the coming months."
The labor agency said that the number of people out of work averaged just under 2.9 million last year — 79,000 lower than in 2011 and the lowest figure since 1991, shortly after German reunification. The average unadjusted unemployment rate was 6.8 percent, down from 7.1 percent the previous year.
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Japan's finance minister in Myanmar with development pledges

NAYPYITAW, Myanmar (Reuters) - Japan's new government confirmed its support for the emerging democracy in Myanmar on Thursday when Finance Minister Taro Aso visited the country to reaffirm Japan's intention to cancel debt and help develop a big industrial zone.
Myanmar has implemented rapid economic and political reforms since President Thein Sein's quasi-civilian government took over from a long-ruling military junta in March 2011 and Japan has moved quickly to cement business ties.
Aso, also deputy prime minister, had already arranged the visit, prior to his ministerial appointment after an election last month, in his capacity as a senior member of the Japan-Myanmar Association, a lobby group set up to advance Japanese business interests in the Southeast Asian country.
"Following the change of government in Japan, just like the previous government, we want to maintain a good relationship with Myanmar," Aso told reporters after meeting the president at his palace in the new capital, Naypyitaw.
Senior members of the association with established ties to the former junta have been central to securing a debt waiver and fresh loans for the Thilawa industrial zone.
Thein Sein told Aso his government was delighted a "long-standing and sincere friend of Myanmar" has taken key posts in the cabinet.
Aso reaffirmed Japan's intention to waive part of the 500 billion yen ($5.74 billion) Myanmar owes it in debt.
About 300 billion yen would be waived in two stages in 2013 while a consortium of private Japanese banks led by Mitsubishi UFJ Financial Group was working on a bridging loan for the remaining 200 billion, sources familiar with the matter said.
On top of these pledges, Japan's government-linked Bank for International Cooperation will provide a $900 million bridge loan to clear Myanmar's debt arrears with the World Bank and the Asian Development Bank in January, allowing them to restart lending.
Myanmar owes nearly $400 million to the Washington-based World Bank and almost $500 million to the Manila-based ADB.
STRATEGIC INVESTMENT
Japan is Myanmar's largest creditor and the arrears of 300 billion yen had to be cleared before a fresh 50 billion yen loan could be given to develop the planned 2,400-hectare (5,930-acre) Thilawa special economic zone, renovate the country's ailing power plants and develop its regions.
With a land mass as large as Britain and France combined, Myanmar lies in a strategic location, sharing borders with 40 percent of the world's population in India, China, Bangladesh and Thailand.
Thilawa has grown into a flagship project for both Japan and Myanmar and could become a magnet for Japanese manufacturers that have started rethinking investment plans in China after a flare-up in a territorial dispute between Tokyo and Beijing.
A chunk of the 50 billion yen loan, which Japan hopes to implement by the end of March, is likely to mark the first tranche of its lending for infrastructure in Thilawa, which is to be developed by Japanese construction companies.
Over several years Tokyo's lending may add up to $12.6 billion, according to officials familiar with the project.
Mitsubishi Corp., Marubeni Corp. and Sumitomo Corp. form the Japanese side of the joint venture developing the industrial park. The plan is to build the first 400 hectares of the park by 2015 and start luring Japanese and global manufacturers.
Aso will visit Thilawa on Friday.
This is the first overseas trip by a member of the Japanese government that took office last month. Prime Minister Shinzo Abe plans to visit Washington around the end of January. ($1 = 87.1700 yen)
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