Full house in Toon Town: Oscars get 21 animated submissions

























NEW YORK (TheWrap.com) – “Wreck-It Ralph,” “Frankenweenie” and “Hotel Transylvania” are among the 21 animated films submitted for the 2013 Oscars, the Academy announced on Friday.


The record number of submissions all but guarantees that the category will have a full slate of five nominees for only the fourth time in its 11-year existence, but the third time in the last four years. A field of 16 or more eligible films means five nominations; while the Academy’s Short Films and Feature Animation Branch still has to rule on the eligibility of the submitted films, there is little question that at least that many will make the cut.





















Last year, 18 films were submitted and only one, “The Smurfs,” was disqualified.


The list includes several of the year’s most successful films at the box office, such as DreamWorks Animation‘s “Madagascar 3: Europe’s Most Wanted” and Fox’s “Ice Age Continental Drift,” as well as critical darlings like “ParaNorman” and “Ralph.”


Disney and Pixar, which have won a combined six trophies, boast a bevy of nominees, including Tim Burton‘s “Frankenweenie,” Pixar’s “Brave” and the new critical favorite “Wreck-It Ralph.”


The small New York-based company GKIDS, which shocked the bigger animation studios by landing a pair of nominations last year, has entered four films in competition: the French-made “The Painting,” “The Rabbi’s Cat” and “Zarafa,” and the Japanese film “From Up on Poppy Hill.”


Also entered: the offbeat and freewheeling “A Liar’s Autobiography: The Untrue Story of Monty Python’s Graham Chapman,” along with several films that had been on the radar of few awards-watchers, “Walter & Tandoori’s Christmas,” “The Mystical Laws” and “Hey Krishna” among them.


Several of the films, such as “Rise of the Guardians,” have yet to make their qualifying runs in Los Angeles.


In 2009, a then-record 20 films competed in the category.


The full list:


“Adventures in Zambezia”


“Brave”


“Delhi Safari”


Dr. Seuss‘ The Lorax”


“Frankenweenie”


“From Up on Poppy Hill”


“Hey Krishna”


“Hotel Transylvania”


“Ice Age Continental Drift”


“A Liar’s Autobiography: The Untrue Story of Monty Python’s Graham Chapman


“Madagascar 3: Europe’s Most Wanted”


“The Mystical Laws”


“The Painting”


“ParaNorman”


“The Pirates! Band of Misfits”


“The Rabbi’s Cat”


“Rise of the Guardians”


“Secret of the Wings”


“Walter & Tandoori’s Christmas”


“Wreck-It Ralph”


“Zarafa”


The Academy will announce the nominees January 10. Animated films are eligible for nominations in other categories, though none has ever won Best Picture. “Up” was nominated for Best Picture in 2009 while “Wall-E” earned four nominations beyond the animated category in 2008.


The Oscars will take place February 24 at the Dolby Theater in Hollywood.


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Nurses Who Saved NICU Babies Remember Harrowing Hurricane Night

























Nurses at the Neonatal Intensive Care Unit at New York University’s Langone Medical Center have challenging jobs, even in the best of times. Their patients are babies, some weighing as little as 2 pounds, who require constant and careful care as they struggle to stay alive.


On Monday night, as superstorm Sandy bore down on Manhattan, the nurses’ jobs took on a whole new sense of urgency as failing power forced the hospital’s patients, including the NICU nurses’ tiny charges, to evacuate.





















“20/20″ recently reunited seven of those nurses: Claudia Roman, Nicola Zanzotta-Tagle, Margot Condon, Sandra Kyong Bradbury, Beth Largey, Annie Irace and Menchu Sanchez. They described how they managed to do their jobs – and save the most vulnerable of lives – under near-impossible circumstances.


On Monday night, as Sandy’s wind and rain buffeted the hospital’s windows, the nurses were preparing for a shift change and the day nurses had begun to brief the night shift nurses. Suddenly, the hospital was plunged into darkness. The respirators and monitors keeping the infants alive all went silent.


For one brief moment, everyone froze. Then the alarms began to ring as backup batteries kicked in. But the coast wasn’t clear – the nurses were soon horrified to learn that the hospital’s generator had failed, and that the East River had risen to start flooding the hospital.




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“Everybody ran to a patient to make sure that the babies were fine,” Nicola Zanzotto-Tagle recalled. “If you had your phone with a flashlight on the phone, you held it right over the baby.”


For now, the four most critical patients – infants that couldn’t breathe on their own – were being supplied oxygen by battery-powered respirators, but the clock was ticking. They had, at most, just four hours before the machines were at risk of failing.


Annie Irache tended to the most critical baby — he had had abdominal surgery just the day before – as an evacuation of 20 NICU babies began.


“[He] was on medications to keep up his blood pressure,” Irache said, “and he also had a cardiac defect, so he was our first baby to go.”


One by one, each tiny infant, swaddled in blankets and a heating pad, cradled by one nurse and surrounded by at least five others, was carried down nine flights of stairs. Security guards and secretaries pitched in, lighting the way with flashlights and cell phones.


The procession moved slowly. As nurses took their careful steps, they carefully squeezed bags of oxygen into the babies’ lungs.


“We literally synchronized our steps going down nine flights,” Zanzotto-Tagle said. “I would say ‘Step, step, step.”


With their adrenaline pumping, the nurses said, it was imperative that they stay focused.


“We’re not usually bagging a baby down a stairwell … n the dark,” said Claudia Roman. “I was most worried about, ‘Let me not trip on this staircase as I’m carrying someone’s precious child, because that would be unforgivable.”


When the medical staff and the 20 babies emerged, a line of ambulances was waiting. A video of Margot Condon cradling a tiny baby as she rode a gurney struck a chord worldwide. But Condon said she had a singular goal.


“I was making sure the tube was in place, that the baby was pink,” she said. “I was not taking my eyes off that baby or that tube.”


Like other nurses, she did not feel panic. Her precious patient helped keep her calm.


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Nadir must pay £5m compensation


























Former tycoon Asil Nadir has been ordered to pay £5m compensation in two years or face six more years in prison.





















The 71-year-old was jailed for 10 years in August for stealing £28.8m from his Polly Peck empire in the 1980s.


He claimed he had no assets after prosecutors demanded £60m in compensation to administrators.


But trial judge Mr Justice Holroyde said it was not true that Nadir had not received any significant income after fleeing to Cyprus in 1993.


He left the UK for northern Cyprus while awaiting trial but returned in 2010 saying he wanted to clear his name.


‘Systematically disbelieved’


Former Stock Exchange listed company Polly Peck International [PPI] collapsed in 1990 owing £550m and Nadir was declared bankrupt two years later.


PPI began as a small fashion company but expanded into the food, leisure and electronics industries under Nadir’s ownership, growing into a business empire with more than 200 subsidiaries worldwide.


Continue reading the main story



Why is Asil Nadir being made to pay £5m in compensation when he was found guilty of stealing £29m?


In fact the prosecution had sought a compensation order in the sum of £60m covering the £29m that he had stolen, plus the interest that would have accrued since the thefts which took place between 1987-90.


The judge found that, in the absence of any help from Nadir about the true nature of his finances, he was having to do the best that he could on the evidence available, and was erring on the side of generosity in fixing upon £5m.


Nadir now has two years to pay the money. If he fails to do that, he will be brought before a magistrates’ court. It can normally only sentence a person to six months, so the judge Mr Justice Holroyde has enlarged its powers to enable it to sentence Nadir to anything up to an additional six years’ imprisonment.



By 1990 it was on the FTSE 100 index and was one of the stock exchange’s best performing companies but the share price collapsed after the Serious Fraud Office raided its offices.


BBC legal affairs correspondent Clive Coleman said Nadir’s case had been “systematically disbelieved by the judge”.


Nadir had argued in the 17 years he lived in Cyprus he had engaged in no commercial activity and filed a document saying he had no assets or means, living on the generosity of his mother and a girlfriend.


But the judge said: “It is not true that Mr Nadir received no significant income or owned no significant assets since 1993.”


Mr Justice Holroyde, sitting at the Old Bailey, also said he found Nadir’s sister to be “evasive and untruthful” in her evidence.


‘Side of caution’


It was argued on his behalf that Nadir had not taken part in business during his years in exile.


But the judge said he could not accept that “such a proud and talented man” would have lived off handouts from his mother and a girlfriend.


He added: “Why would he have impoverished and demeaned himself in such a way?”


Nadir had not helped in revealing his finances but the judge said he did not think he could make an order for the full amount.


He said: “Conscious that I am probably erring on the side of caution and being more generous to the defendant than he deserves, I believe he has the means to pay compensation of £5m.”


Nadir thanked the judge from the dock before being taken away to Belmarsh prison. He may be released after serving half of both sentences.


The judge also ruled that Turkish airline boss Hamit Cankut Bagana could apply for the return of the £250,000 security he paid to allow Nadir bail.


Clare Whitaker, of the Serious Fraud Office, said outside court it was pleased that the victims of the collapse of Polly Peck had been given the opportunity for compensation.


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Facebook’s Sandberg sells $7.4 million in stock

























SAN FRANCISCO (Reuters) – Facebook Inc Chief Operating Officer Sheryl Sandberg and two other executives at the social networking company sold millions of dollars worth of stock this week as restrictions on insider trading expired.


Sandberg netted about $ 7.44 million by selling roughly 353,000 Facebook shares on Wednesday, according to a filing with the SEC on Friday. Sandberg still owns 18.1 million vested shares of Facebook stock, according to the filing.





















Facebook General Counsel Theodore Ullyot and Chief Accounting Officer David Spillane also sold millions of dollars worth of shares this week, according to filings. All the Facebook executives’ sales were part of pre-arranged stock trading plans.


The sales are the first by Facebook’s senior management following the company’s high-profile initial public offering in May.


The world’s No.1 online social network became the only U.S. company to debut with a market value of more than $ 100 billion, but has seen its value plunge more than 40 percent since then on concerns about its long-term money-making prospects.


Shares of Facebook, which were priced at $ 38 in the IPO, closed Friday’s regular session down 3 cents at $ 21.18.


The flood of shares set to hit the market as insider trading “lock-up” provisions expire in several phases have added to the pressure on Facebook’s stock.


Roughly 230 million shares of Facebook became eligible for trading this week, as trading restrictions for employees expired. Another 800 million shares will be eligible for trading on November 14, significantly expanding the “float” of roughly 692 million Facebook shares that were available for trading as of September 30.


Facebook’s 28-year-old chief executive, Mark Zuckerberg, has committed to not sell any shares before September 2013.


Ullyot sold slightly more than 149,000 shares on Wednesday and Thursday, collecting $ 3.13 million. Ullyot has an additional 1.27 million in vested shares.


Spillane sold 256,000 shares on Wednesday, more than half of his vested shares, for proceeds of $ 5.4 million. Spillane had more than 863,000 Facebook shares, including unvested shares, according to a filing in May.


(Reporting By Alexei Oreskovic; Editing by Bernard Orr)


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Photojournalists “Witness” war zones in new HBO series

























NEW YORK (Reuters) – Some people liken a bad day at work to being in a war zone but for the photojournalists chronicled in HBO’s upcoming documentary series “Witness,” that’s not an exaggeration.


The series, which premieres on November 5 and will air every Monday for the rest of the month, follows photojournalists in Mexico, Libya, South Sudan and Brazil as they navigate violence to report issues such as drug trafficking, gang violence, corruption, and ethnic warfare.





















Executive producers Michael Mann and David Frankham said that the series arose from the desire to give viewers a sense of life in these areas that is more comprehensive than most television news programs.


“It really was a reaction to a frustration with the news, a frustration with things being summed up for us in a minute, 30 seconds,” Frankham, who also directed most of the segments, said in an interview.


While the series focuses on the experiences of photojournalists, it also strives to illuminate the dynamics of each area’s conflict. Frankam hopes the approach will draw in viewers who might not ordinarily be interested in the countries covered. He calls the format of the series “a Trojan horse.”


From camping in the forest with a militia hunting Joseph Kony’s Lord’s Resistance Army in South Sudan to creeping around the outskirts of Rio de Janeiro in the dark to unearth bodies stuffed in wells or burned beyond recognition, “Witness” aims to show the lengths photojournalists go to convey what is happening in conflict zones.


“Sometimes it can be quite violent. Sometimes there can be other people in harm’s way. Sometimes there’s a whole lot of tough decisions that need to be made, and it’s quite a struggle,” Frankham said. “These pictures don’t just happen in front of them.”


INTELLIGENCE IS BIGGEST WEAPON


Though the job entails working in dangerous situations, photojournalist Eros Hoagland said that knowing where the limits are is a crucial part of the job.


“Information, intelligence is the biggest weapon in these types of conflicts, so you’ve got to realize the information you’re putting out there swings two ways – it can help or it can hurt,” Hoagland said.”


“I just find myself coming across situations more and more and more where I realize partway through that I’m putting someone else in danger if I continue on this line of reporting, and sometimes you have to weigh that against the pros of what message you’re going to get out.”


Hoagland found himself faced with such a moment when some gang members in one of Rio’s favelas (slums) asked him to photograph the local police accepting a bribe. Though bribery is a common occurrence and part of the conflict, he decided that the photo op was not worth the safety risks.


Michael Christopher Brown, the photojournalist in the Libya segment, was wounded by a mortar round on an earlier trip to Misrata in April 2011. His colleagues Tim Hetherington and Chris Hondros did not survive the attack.


Hoagland said he has lost some faith in the ability of his work to instigate positive change, but his fascination with the elements of the human condition exposed by war drive him on.


Frankham and Mann echo that fascination. They said they would be interested in making more installments of the series. Frankham mentioned Syria and Afghanistan as areas of interest, though the feasibility of filming in those places is uncertain.


The makers of “Witness” hope the series sparks further dialogue among viewers about the areas of the world and issues featured in the series.


“I think that’s the most important thing that journalism can do – to get people interested in places and people and situations and politics and make them curious about hearing new information,” Hoagland said.


“I hope people watch this and start to perhaps rethink everything they thought they knew about a little bit, because that’s certainly what I’m doing with every trip I make.”


(This story has been corrected to fix spelling of David Frankham’s name)


(Reporting by Andrea Burzynski; Editing by Gary Hill)


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Factbox: Mitt Romney, Republican presidential candidate

























(Reuters) – Republican presidential candidate Mitt Romney, the former governor of Massachusetts, is pursuing the White House for the second time.


Here are key facts about him.





















- Romney, 65, espouses traditional Republican positions to cut taxes, reduce federal regulations, shrink government spending and bolster the U.S. military. He vows to create 12 million new jobs in his first term with a plan focused on domestic energy development, expanded free trade, improving education, reducing the deficit and championing small business.


- He lost the 2008 Republican presidential nomination to Senator John McCain but entered this year’s race with a large campaign war chest and the blessing of many in the party establishment. Conservative unease over his reputation as a moderate led to a stiff challenge in the Republican primaries.


- His net worth has been estimated at between $ 190 million and $ 250 million, making him one of the wealthiest people to ever run for the presidency. Romney has been attacked for holding money overseas and for not disclosing as many tax releases as his opponents have demanded.


- Romney proposes to lower individual income taxes across the board to 20 percent while closing some loopholes, which he says would stimulate economic growth without widening the deficit. He supports restructuring the Social Security retirement program and the Medicare health entitlement for the elderly.


- He is a fifth-generation member of the Church of Jesus Christ of Latter-Day Saints, or Mormon church. He was a Mormon missionary in France for more than two years after leaving high school and later became bishop and stake president in Boston, roles akin to being a lay pastor. His faith, however, is viewed with suspicion by some conservative evangelical Christians.


- Born into a well-off family and raised near Detroit, Romney was exposed to politics early. His father, George, was chairman of American Motors Corporation and governor of Michigan from 1963 to 1969. George Romney lost a bid for the Republican presidential nomination in 1968 and served in President Richard Nixon’s Cabinet.


- In 1994, the younger Romney ran for a U.S. Senate seat in Massachusetts as a moderate Republican, but was handily defeated by incumbent Democratic Senator Edward Kennedy. Eight years later, Romney was elected governor of Massachusetts, where he instituted a statewide healthcare reform that became a model for Obama’s 2010 national healthcare overhaul.


- In 1999, Romney took over as head of the committee organizing the 2002 Winter Olympics in Salt Lake City, Utah, which had been plagued by cost overruns and scandal, and produced a successful event that helped establish his national reputation as a premier problem-solver.


- As his party moved to the right, Romney changed his positions on sensitive social issues, including abortion and gay rights. That fueled criticism that he lacked core beliefs and was motivated only by ambition. Romney referred to himself as “severely conservative” during the 2012 primaries but has projected a moderate image during the general election campaign.


- Romney met his wife, Ann, at a high school dance and they married in 1969, while they were still in college. They have five sons and 18 grandchildren. Romney has an English degree from Utah’s Brigham Young University, which is owned and run by the Mormon church, and a joint law degree and MBA from Harvard. He speaks French.


- Romney joined the management consultancy Bain & Company in 1977 and climbed the ranks, and in 1984 co-founded the highly profitable private equity arm Bain Capital, which invested in start-ups and fledgling companies including Staples, Sports Authority and Domino’s Pizza. Critics have highlighted the number of jobs Bain cut while Romney was at its helm.


- Romney has battled a reputation for being uncomfortable and stiff when campaigning and somewhat aloof when relating to ordinary Americans. The New York Times once described his campaign persona as “All-Business Man, the world’s most boring superhero.”


- He has little foreign policy experience. He stumbled in August during a gaffe-filled trip to Britain, Israel and Poland that was meant to burnish his credentials on the world stage. He has labeled Russia as America’s “number one geopolitical foe” and said that preventing Iran from obtaining a nuclear capability should be Washington’s highest national security priority.


(Compiled by Americas Desk; Editing by Paul Simao)


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Obama, Romney take aim at key Midwestern swing states

























HILLIARD, Ohio (Reuters) – President Barack Obama and Republican Mitt Romney made late pitches in the political battlegrounds of the upper Midwest on Friday, a region likely to decide the winner in next week’s closely fought election for the White House.


In dueling campaign appearances in the swing states of Ohio and Wisconsin, the two contenders battled over the economy on a day when the government reported the jobless rate ticked up to 7.9 percent in October but that employers stepped up their hiring.





















In Wisconsin, where polls show Romney trailing Obama, the Republican laid out the case for his election and said the jobs report was more evidence of the president’s failing leadership.


“The question of this election comes down to this: do you want more of the same or do you want real change?” Romney said in a suburb of Milwaukee after getting the endorsement of former Green Bay Packers star quarterback Bart Starr.


With four days left until Tuesday’s election, Obama and Romney are essentially tied in national polls, but the president holds a slight edge in the battleground states that are crucial to gaining the 270 electoral votes needed to win.


On a stop in Ohio, the most heavily contested swing state and a vital cog in the electoral math for both candidates, Obama said the jobs report was evidence “we have made real progress.”


Obama, whose federal rescue of the auto industry has been popular in a state where one in eight jobs is auto industry-related, hammered Romney for a recent statement that Chrysler planned to move Jeep production to China.


Chrysler has refuted that, noting it was adding workers to build more Jeeps in Ohio, and the two campaigns have aired advertisements over the issue. Obama said Romney, who opposed a government auto bailout, was trying to scare workers in a desperate bid to make up ground in Ohio.


“I know we’re close to an election, but this isn’t a game. These are people’s jobs, these are people’s lives,” Obama said. “You don’t scare hard-working Americans just to scare up some votes.”


Obama’s advisers said the Jeep controversy, which has featured heavily in the state’s media, had helped the president solidify his lead in Ohio.


“We all felt prior to this week we were in very solid shape in the state of Ohio, and our expectation is that our position’s been strengthened by this,” White House senior adviser David Plouffe told reporters.


While campaigning in the Midwestern heartland, Obama’s team was casting an eye on the Northeast where New York-area motorists were scrambling for gasoline on a third day of panic buying after the storm Sandy devastated the area.


Obama won plaudits for turning his attention to storm relief earlier this week, but growing frustration among victims could hurt the Democrat if the federal response is deemed unsatisfactory.


A variety of state polls show Obama still has slight leads in four states – Ohio, Iowa, Nevada and Wisconsin – that would give him 277 electoral votes, barring any surprises elsewhere.


Obama plans to visit Ohio each of the next three days, and will close the campaign on Monday with a swing through his Midwestern safety net of Wisconsin, Ohio and Iowa.


‘LOCK IT IN’


“We want to make sure we lock it in and that it’s definitely in our column,” Obama senior adviser Robert Gibbs said on “CBS This Morning,” when asked why Obama was focusing so much on Wisconsin if he had a solid lead there.


Romney needs a breakthrough in one of those Midwestern states, or an upset in another state where Obama is even more heavily favored, to have a shot at making his electoral math work.


Romney is within striking distance of Obama in four other states with a combined 55 electoral votes – Florida, Virginia, Colorado and New Hampshire.


A series of Reuters/Ipsos online state polls found Obama led Romney among likely voters by a narrow margin of 3 percentage points in Virginia and 2 points in Ohio and Florida. They were tied in Colorado.


The Romney campaign launched ads this week in Pennsylvania, Michigan and Minnesota – Democratic-leaning states where Obama’s lead has dwindled in recent weeks – in an effort to expand the playing field, and Romney will visit Pennsylvania on Sunday.


Republicans say the move is a sign of momentum, while Democrats call it a sign of desperation.


“By every metric, the Obama campaign is doing far worse than they were four years ago. They will continue playing defense on turf they once took for granted – Michigan, Minnesota, and Pennsylvania,” Republican National Committee spokesman Sean Spicer said.


With the polls so close and the outcome unpredictable, both campaigns made plans for a final weekend of get-out-the-vote efforts, focusing on getting their base supporters to the polls and reaching out to independents and the last undecideds.


Romney headed to Ohio after starting the day in Wisconsin, and told voters in both states that Obama had failed to bridge the partisan divide and would be unable to work with Congress and break the gridlock in Washington.


“He promised he’d have a post-partisan presidency but it’s the most partisan I’ve seen,” Romney said during a visit to a machine factory in Etna, Ohio. “I will not represent one party, I will represent one nation.”


Senate Democratic leader Harry Reid said Romney’s conservative agenda had already been rejected by the Democratic-led U.S. Senate and accused him of having a “terrible” relationship with Democrats when he was Massachusetts governor.


“Mitt Romney’s fantasy that Senate Democrats will work with him to pass his ‘severely conservative’ agenda is laughable,” Reid said in a statement. “Senate Democrats are committed to defending the middle class, and we will do everything in our power to defend them against Mitt Romney’s Tea Party agenda.”


(Additional reporting by Steve Holland in Wisconsin and Susan Heavey in Washington; Writing by John Whitesides; Editing by Alistair Bell and Peter Cooney)


Economy News Headlines – Yahoo! News



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First iPad mini teardown reveals Samsung display

























SAN FRANCISCO (Reuters) – Apple Inc’s iPad mini uses a display from South Korea’s Samsung Electronics Co Ltd, one of Apple’s major suppliers and also its fiercest rival in the global mobile-device market that the two companies dominate.


Analysts say the Silicon Valley-based iPhone maker is trying to wean itself off its reliance on Samsung, as both giants are embroiled in a bitter international legal battle over mobile patents, for everything from microchips to displays.





















In the first dismantling of the iPad mini, which will be sold in 34 countries beginning Friday, teardown and gadget-repair specialist company, iFixit, discovered a Samsung display driver chip, which indicated that Apple had picked the Korean firm’s screen technology.


Like most producers of mobile hardware, the U.S. company typically employs several suppliers for the same components in its gadgets. Apple has been known to use screens made by LG Display, for instance.


“Though the markings on the back of the LCD (display) don’t turn up much information, the Samsung display driver IC (chip) reveals that Apple, once again, went with Samsung in its display manufacturing,” iFixit said, detailing the teardown on its website.


Supplying parts for Apple’s iPhones and iPads – some of the industry’s most popular and advanced gadgets – is considered a coup for chipmakers and other manufacturers.


The iPad mini also employs SK Hynix Inc flash memory, a Broadcom touch controller, and a number of microchips from Fairchild Semiconductor International Inc, according to iFixit, which acquired one early.


The 7.9-inch iPad mini marks the Apple’s first foray into the smaller-tablet segment. The company hopes to beat back incursions into its home territory – carved out with the original iPad’s launch in 2010 – with 7-inch slates that are popular with consumers, even as it safeguards its lead in a larger tablet space that even deep-pocketed rivals like Samsung have found tough to penetrate.


It has won mostly positive reviews focused on its ability to wrap most of the functions of its full-sized iPad sibling into a smaller package, but critics pointed out the higher price tag of the iPad mini and an inferior display relative to those of rival products like Amazon’s Kindle Fire HD and Google’s Nexus 7.


START YOUR ENGINES


A smaller tablet is the first device to be added to Apple’s compact portfolio under CEO Tim Cook, who took over from predecessor Steve Jobs just before his death a year ago. Analysts said it may have been Google and Amazon that helped influence the decision.


Online sales have run for a week, but Apple has not disclosed sales numbers so far. Friday’s global sales rollout may offer a hint of demand for the gadget, which analysts expect to be strong.


Still, it will be playing catch up. Priced at $ 329 for a Wi-Fi only model, the iPad mini is more expensive than many analysts had expected. Amazon’s Kindle Fire and Google’s Nexus 7, both released at $ 199, have grabbed a chunk of the lower end of the tablet market.


Meanwhile, it is battling Samsung in the smartphone arena, which still yields the majority of Apple’s revenue and profit. The Korean giant last year became the world’s largest maker of smartphones as other rivals lost steam.


Apple and Samsung are engaged in patent disputes across several countries, and Apple is believed to be seeking ways to rely less on Samsung. But the Asian tech powerhouse remains a key supplier for Apple, manufacturing its application processors and providing other components.


Samsung has stopped supplying displays for Apple’s iPhone, and plays a reduced role in the full-sized iPad, according to DisplaySearch. Apple is also buying fewer memory chips from Samsung for the iPhone 5, relying more on Hynix and Elpida Memory.


Many analysts believe Apple will also gradually phase out Samsung as the main producer of the mobile micro-processor and shift business to rival supplier TSMC.


(Editing by Matthew Lewis, Tim Dobbyn and Bernadette Baum)


Gadgets News Headlines – Yahoo! News



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Cablevision says Sandy outage hit half of its customers

























NEW YORK (Reuters) – Cable operator Cablevision Systems Corp said on Thursday about half of its 3.3 million customers in the New York, Connecticut and New Jersey area had lost power in the wake of superstorm Sandy, causing widespread disruptions to its service.


Cablevision said in a statement that 1.6 million of its customers were without power while 7,265 of the remaining 1.65 million customers who were not affected by power outages still had no access to Cablevision’s service.





















The company did not respond to questions about how the disruption would impact its financials.


A Barclays analyst, James Ratcliffe, said in a note that “power outages make a good proxy for storm impact on telcos and cable operators, since the same factors which cause power outages (flooding, downed lines) also cause telecom network failures.”


Cablevision, which provide Internet, television and telephone services under the Optimum brand, said, “Following this unprecedented event, loss of electrical power continues to be the primary cause of widespread disruptions of Optimum service.”


It said it had crews working to restore service and would continue to provide updates.


Last year, Cablevision said it took a hit of $ 16 million because of Hurricane Irene, a storm that affected the New York area in late August 2011.


“For CVC, with 1.6 million of their subscribers still without power, the impact is likely to be significantly greater than the $ 16 million cost of Irene; we estimate a $ 36 million impact,” Barclays’ Ratcliffe said in his note.


Cable operators Comcast Corp and Time Warner Cable were also having service problems.


Time Warner Cable said it has had no reports of significant damage to its network, but said it was hard to assess the situation because many of its customers have no power.


Cablevision had been due to report earnings November 1, but said on Wednesday it rescheduled the release to November 6.


The company, which mainly serves the New York area but also has operations in Montana and Wyoming, is controlled by the Dolan family. The company also owns a newspaper and TV networks.


Comcast Corp and Verizon Communications also said they had service problems in the wake of the storm, but they did not provide details as to how many customers were affected.


Of all the cable companies, Cablevision has the largest percentage of their subscribers in the area hard hit, Ratcliffe said.


Wireless service providers also struggled to maintain service after the storm due to floods and power outages.


Cablevision stock closed at $ 17.46 on Thursday, up 0.22 percent.


(Additional reporting by Sinead Carew; Editing by Leslie Adler)


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Vertex posts loss as hepatitis drug sales fall

























(Reuters) – Vertex Pharmaceuticals Inc reported a net loss for the third quarter on Thursday with results hurt by declining sales of its Incivek hepatitis C drug, as the company turned its attention to developing a next generation of treatments for the serious liver disease.


Vertex posted a net loss of $ 57.5 million, or 27 cents per share, compared with a profit of $ 221.1 million, or $ 1.02 per share, a year ago.





















Incivek product revenue fell nearly 23 percent from the previous quarter and 40 percent from a year ago to $ 254.3 million. The company maintained its full-year forecast for Incivek revenue of $ 1.1 billion to $ 1.25 billion.


Results were also affected by a $ 57.6 million charge related to expected future payments under Vertex’s collaboration with Alios BioPharma.


Earlier on Thursday, Vertex announced separate collaborations with GlaxoSmithKline Plc and Johnson & Johnson to test various combinations of its own next-generation hepatitis C medicines with those being developed by GSK and J&J.


Vertex shares closed up 4.6 percent at $ 50.48 on Nasdaq on Thursday, but fell more than 4 percent to $ 48.30 in extended trading after the company released quarterly results.


RBC Capital Markets analyst Michael Yee called the collaboration announcements “a fundamental good positive for Vertex because it gets them moving in the race (for an all oral treatment regimen), albeit one and a half to two years behind Gilead and Abbott.”


The Massachusetts-based biotechnology company reported $ 49 million in revenue from its new cystic fibrosis drug Kalydeco and $ 20 million in royalty revenue from overseas sales of Incivek, known as Incivo in Europe.


Kalydeco currently helps only a small percentage of cystic fibrosis (CF) patients with a specific gene mutation. The company is testing other drugs and combinations with the hope of eventually reaching a larger portion of the CF population.


“In hepatitis C, we are advancing rapidly with our plans to evaluate multiple all-oral regimens of VX-135, both with medicines in our own pipeline and, as we announced earlier today, in collaboration with other companies,” Chief Executive Jeffrey Leiden said in a statement. “We are also advancing toward our goal to help more people with cystic fibrosis.”


Total revenue for Vertex fell to $ 336 million for the quarter from $ 659.2 million a year ago, and was shy of Wall Street estimates of $ 377.1 million.


RBC’s Yee said Kalydeco sales were below Wall Street expectations of about $ 57 million. “The Kalydeco launch looks like it’s reaching a peak penetration in United States and the key for growth here going forward is country by country launches in Europe, and that’s going to take some time over the next six to 12 months,” Yee said.


“What matters here longer term is development of their cystic fibrosis combination program to expand this market from a potential $ 1 billion drug to a $ 3 billion potential program,” Yee added.


Incivek, which was approved in May 2011 to great fanfare as it doubled cure rates and shortened treatment durations compared with older drugs, reached $ 1 billion in sales faster than any drug in pharmaceutical history. But it must still be taken with the older injected drug interferon that causes flu-like symptoms.


As excitement builds for interferon-free, all-oral regimens being pursued by several companies, including Vertex, more patients appear to be delaying treatment, hurting Incivek sales. In addition, hundreds of other potential Incivek patients have been recruited to take part in the many clinical trials of next-generation treatments.


(Reporting by Bill Berkrot in New York; editing by Gary Hill, Matthew Lewis and Carol Bishopric)


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