NJ’s Springsteen, Bon Jovi join Sting in Sandy concert

























NEW YORK (Reuters) – New Jersey natives Bruce Springsteen and Jon Bon Jovi will join Sting and other top music stars on Friday for a special television benefit concert on NBC to aid victims of Sandy, the giant storm that killed scores and devastated large sections of the U.S. Northeast.


The Walt Disney Co meanwhile announced a $ 2 million donation for Hurricane Sandy relief efforts on Thursday, while Disney/ABC Television Group designated November 5 as a “Day of Giving” wherein viewers of network and syndicated programming would be encouraged to help.





















Entertainment giant Viacom Inc. also announced a $ 1 million donation to the Mayor’s Fund NYC and local organizations.


Springsteen and Bon Jovi are both New Jersey natives who have often taken inspiration from their home state and used their star platform to highlight both its charms and challenges.


NBC said on Thursday that the commercial-free one-hour telecast, “Hurricane Sandy: Coming Together,” will air on Friday night and will include appearances by Christina Aguilera, Billy Joel, Jimmy Fallon and NBC News anchor Brian Williams.


The telethon, also to be shown on NBC Universal networks Bravo, CNBC, E!, G4, MSNBC, Style, Syfy and USA and live streamed on NBC.com, will benefit the American Red Cross, with proceeds going toward victims of Hurricane Sandy.


“Today” show anchor Matt Lauer, who announced the concert on air on Thursday, will host. Donors can also text the word REDCROSS to 90999 to make a $ 10 contribution.


On Tuesday, Springsteen tweeted a picture of the legendary Stony Pony club in New Jersey, saying “The Stone Pony stands proud despite hurricane Sandy!”


The club, at the ocean’s edge in Asbury Park, N.J., one of the shoreline communities lashed by the storm, has been associated with Springsteen since he performed there early in his career, and he continues to make appearances.


Bon Jovi cut short a promotional tour in the United Kingdom to rush back to his home state, where he established a charity restaurant several years ago.


“I really need to get back home having spoken to my wife and kids,” he told Britain’s Daily Mail before flying out of London. “I need to be with my people. Thankfully, my family are safe,” he said, adding “The devastation is off the charts.”


Large sections of the state, especially its famous coastline, were devastated by the monster storm this week.


Most of the other telethon performers are also from areas hard-hit by the storm, which killed at least 82 people in the United States and Canada and was the largest storm by area to hit the United States in decades. Millions remain without power, and emergency teams have struggled to reach the worst-hit areas.


Announcing ABC’s “Day of Giving” set for Monday, Anne Sweeney, president of Disney-ABC Television Group, said, “This coordinated effort between network and syndicated programming spanning news, daytime, primetime and late night will reach tens of millions of viewers with a specific call to action,” such as encouraging viewers to donate to the Red Cross.


(Reporting by Colleen Jenkins, and Chris Michaud; Editing by Alden Bentley and M.D. Golan)


Music News Headlines – Yahoo! News



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Bloomberg cancels marathon amid outcry

NEW YORK (AP) — The New York City Marathon was canceled Friday by Mayor Michael Bloomberg after mounting criticism that this was not the time for a race while the region is still recovering from Superstorm Sandy.


With people in storm-ravaged areas still shivering without electricity and the death toll in New York City at more than 40, many New Yorkers recoiled at the prospect of police officers being assigned to protect a marathon on Sunday.


An estimated 40,000 runners from around the world had been expected to take part in the 26.2-mile event. The race had been scheduled to start in Staten Island, one of the hardest-hit areas by this week's storm.


"We would not want a cloud to hang over the race or its participants, and so we have decided to cancel it," the mayor said in a statement. "We cannot allow a controversy over an athletic event — even one as meaningful as this — to distract attention away from all the critically important work that is being done to recover from the storm and get our city back on track."


Bloomberg called the marathon an "integral part of New York City's life for 40 years" and "an event tens of thousands of New Yorkers participate in and millions more watch."


He still insisted that holding the race would not require diverting resources from the recovery effort, but understood the level of friction.


"It is clear it that it has become the source of controversy and division," Bloomberg said. "The marathon has always brought our city together and inspired us with stories of courage and determination.

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Older voters prefer Romney on healthcare, Medicare: Reuters/Ipsos poll

























(Reuters) – As early voting proceeds across the country ahead of Tuesday’s presidential election, voters over 50 continue to be more likely than most to prefer Republican challenger Mitt Romney to President Barack Obama and to favor Romney‘s position on two issues that directly affect the elderly: healthcare and Medicare.


While Friday’s Reuters/Ipsos national tracking poll saw the candidates at an effective dead heat among all likely voters, older likely voters preferred Romney 51 percent to 43 percent during the week ending November 4.





















Asked who has the better plan on healthcare, all likely voters support Obama over Romney by 42 percent to 39 percent, while older voters choose Romney, 43 percent to 39 percent. The responses on the candidates’ plans for Medicare show something similar: Obama leads among all likely voters, 42 percent to 35 percent, while Romney is ahead among older voters by 40 percent to 39 percent.


Nevertheless, when some respondents were asked to explain their preferences, they did not offer specifics about Medicare or Social Security and focused instead on the economy, which most consider the most important issue in this election, followed by unemployment. Healthcare issues rank third among older voters and the broader pool of all likely voters.


Kathy Laska, a 65-year-old retiree from Waukesha, Wisconsin, who cast an early vote for Romney, identified the economy as particularly pressing — more than healthcare. “I’m on Medicare right now. So I guess if the economy was better, we wouldn’t have to worry about healthcare,” she said.


She explained that the candidates’ healthcare differences were secondary to their economic differences.


“We need somebody who is a businessman, not a politician. Romney is a poor choice, but he is our only alternative,” she said.


For many, though, Obama’s 2010 healthcare law is a large part of their decision.


“I don’t like that Obamacare, for one thing,” Dale Reynolds, a 65-year-old retiree from Bloomington, Minnesota said. “And us old folks, we’re worried about Medicare and Social Security, and that kind of thing.”


The generation gap is especially pronounced among early voters: While Obama leads 53 percent to 42 percent among all early voters, he trails 51 percent to 44 percent with the older group. By Friday, 31 percent of older registered voters had voted, compared with 26 percent of all registered voters.


On the economy, older voters believe Romney has a better plan than Obama by an 11-point margin, while among the broader pool of likely voters Romney holds only a four-point lead.


“I’m definitely voting for Romney. I made that decision long ago. Obama said if he couldn’t get it done in three years, he didn’t deserve another one, and I believed him,” Reynolds said. “Romney’s a businessman. He knows what he’s talking about.”


While Obama leads Romney by six points on foreign policy among all likely voters, he trails by one among the older crowd.


Still, these voters are not confident Romney will win. In a recent Reuters/Ipsos poll, most registered voters said they thought Obama would prevail. Laska agreed, and Reynolds was skeptical of Romney’s chances, particularly in his home state of Minnesota, which leans toward Democrats.


“These dummies here, they’re so liberal, it’s unreal.”


The Reuters/Ipsos database is now public and searchable here: http://www.tinyurl.com/reuterspoll


(Reporting by Gabriel Debenedetti)


Health News Headlines – Yahoo! News



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Microsoft pushes new Windows to developers

SEATTLE (Reuters) - Days after launching Windows 8, Microsoft Corp is mounting a strong campaign to win over the software developers it needs to kick-start its new operating system.


A lack of apps is Microsoft's Achilles heel as it attempts to catch Apple Inc and Google Inc in the rush toward mobile computing.


Windows 8, the new Surface tablet and a range of Windows-based phones - all unveiled in the past week - are designed to close that gap, but the world's largest software company still needs to convince developers to recreate the thriving 'ecosystem' that made PCs so successful.


"Please go out and write lots of applications," Microsoft Chief Executive Steve Ballmer pleaded with 2,000 developers on Tuesday, kicking off an annual, four-day meeting at its campus near Seattle.


The event, called 'Build,' is the equivalent of Apple's Worldwide Developer Conference and Google's I/O event.


Microsoft gave each paying attendee one of its Surface tablets and 100 gigabytes of free space on its SkyDrive online storage service. On top of that, handset partner Nokia threw in a free Lumia 920 smartphone running Windows Phone 8.


The unprecedentedly generous give-away signals the intent of what Microsoft openly calls "evangelism." Most developers at the meeting, who paid up to $2,000 to attend, are already converted to the Windows religion. But this year there is a feeling that Microsoft can re-establish itself as a relevant platform for developers.


"The sessions are overflowing. Everybody wants to learn," said Greg Lutz, product manager at development tools company ComponentOne, who is attending the conference.


"The Surface is really exciting. It's been interesting to see people that would normally be critics of Microsoft surprised to see how good it is," said Lutz, whose company makes features that developers can use in apps, such as calendars or charts.


Microsoft recognizes it needs apps to flesh out its new online Windows Store and make Windows 8 machines more attractive to users, said Russ Whitman, chief strategy officer at Ratio Interactive, a design agency that helps companies create apps.


"The catalog (of apps) is where they are weak, there's no doubt," he said. "But if Microsoft stays focused on quality not quantity, they can win."


DEVELOPER DOUBTS


When Windows 8 launched on Friday, some major content providers had prominent apps in the Windows store, such as Netflix Inc, the New York Times and Rovio's Angry Birds Space. But big names such as Facebook and Twitter were missing.


Twitter moved to rectify that on Tuesday, announcing that a native Windows app would be rolled out "in the months ahead." Dropbox, a fast-growing cloud storage service, also announced it would soon have a Windows app, as did online payment firm PayPal and sports network ESPN.


But Facebook, which now has more than 1 billion users, has not yet made public any plans for a Windows app, despite the fact Microsoft is a minor shareholder.


And Microsoft still has to overcome indifference from many developers who do not see demand from users or simply do not have the resources to build Windows apps alongside iOS and Android.


"Windows 8 is getting good reviews and the tile user interface is a great fit with our geo-visual content," said Jason Karas, CEO at website Trover, where users can share photos of interesting discoveries. "It's on the roadmap for Trover, but we are still a very lean team, so we're hesitant to support a third platform until we have all the innovations we want to see in iPhone and Android in place."


Microsoft has yet to persuade other influential online services, for example car-rental firm Zipcar or real estate information firm Zillow, to develop for Windows 8.


To get more developers on board, Microsoft is spending this week demonstrating how it is making it easier to develop apps for Windows and get them into the real world.


A key part of that is a new set of tools tying in its Azure cloud service, which allows Windows apps to easily harness data stored in remote servers.


"Some of the new changes are pretty incredible and are going to make developing, especially some of the mobile apps, much easier," said Mike Cousins, a software developer following the conference by webcast from Calgary, Canada.


"It just makes it super-easy to integrate mobile clients into your application," said Cousins, who is developing Shuttr, a site for photographers to display and sell their work. "It's been reduced from probably a week's work to minutes."


400 MILLION NEW MACHINES


Microsoft's best argument to developers is the sheer size of the Windows user base.


Microsoft sold 4 million upgrades to Windows 8 in its first four days, a mere fraction of the 670 million or so machines running Windows 7. Ballmer said there would be 400 million new devices running Windows next year, including PCs, tablets and phones, and the company would be marketing heavily to consumers.


That is an attractive audience for developers, and Whitman at Ratio Interactive said he saw many new faces at Microsoft's event this week who previously were more interested in web-based apps and other platforms.


"There's a new generation of developers that can build on Windows 8 that have been building using JavaScript and HTML," he said. "Seeing some of those developers show up and talk about building apps using other languages is pretty cool. It's a whole different group than Microsoft has traditionally been able to court."


One Wall Street analyst said developers may even be tempted to switch back to Microsoft after working with Apple's iOS platform.


"There does seem to be some excitement about the new operating system and many of the new devices that are coming to market," said Jason Maynard, an analyst at Wells Fargo Securities. "We have heard some developers talk about 're-Microsofting' and moving from their Macs for app development."


Cousins said that once developers see the user base for Windows 8 grow, the momentum will start to have an effect.


"All the new PCs people buy will be Windows 8, and people will start demanding Windows 8 apps from companies, and then they will start making them," he said. "I think we'll see a wave of apps coming out pretty soon."


(Reporting By Bill Rigby; Editing by Steve Orlofsky)


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Canada will push to keep bank capital rules on schedule

























OTTAWA (Reuters) – Canada will urge all countries to stick to the agreed schedule for implementing tougher bank capital rules at a November 4-5 meeting of finance ministers and central bankers from the Group of 20 nations, a senior finance ministry official said on Thursday.


The so-called Basel III rules are the world’s regulatory response to the financial crisis, forcing banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts.





















They were to be phased in from January 2013 but areas such as the United States and the European Union are not yet ready and U.S. and British supervisors have criticized them as too complex to work.


The Canadian official, who briefed reports ahead of the meeting on condition that he not be named, said it was imperative that the rules, the timelines and the principles behind them be respected and said Finance Minister Jim Flaherty would make that view known to his G20 colleagues.


Canada sees the European debt crisis as the biggest near-term risk to the global economy, and it also expects the U.S. debt crisis to be top of mind at the talks, the official said.


But the meeting takes place just before the U.S. presidential election and U.S. Treasury Secretary Timothy Geithner will be absent, so it remains unclear how much the G20 can pressure Washington on that front.


Some other countries have also scaled back their delegations, raising doubts about how meaningful the meeting will be.


The official dismissed that argument, saying high-level officials substituting for their ministers allowed for extremely important issues to be addressed anyway.


He said holding each country around the table accountable to its past commitments helped keep the momentum going toward resolving global economic problems.


(Reporting by Louise Egan; Writing by David Ljunggren; Editing by M.D. Golan)


Canada News Headlines – Yahoo! News



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‘Wilfred’ Gets 3rd Season From FX

























LOS ANGELES (TheWrap.com) – “Wilfred” will bark once more.


FX has given the series, which stars Elijah Wood as a struggling young man who befriends his neighbor’s curiously human-like dog, a third season, the cable network said Wednesday.





















The 13-episode third season will debut in June 2013.


In addition to the third-season order, writers/producers Reed Agnew and Eli Jorné have been promoted to executive producers and showrunners for the show. David Zuckerman, who adapted the series for American television from the Australian show of the same name and served as executive producer/showrunner for the first two seasons, will remain as executive producer.


“Wilfred’ averaged 2.63 million total viewers for its second season, with 1.71 million of them in the advertiser-coveted 18-49 demographic.


TV News Headlines – Yahoo! News



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Exasperation builds on Day 3 in storm-stricken NYC

NEW YORK (AP) — Frustration — and in some cases fear — mounted in New York City on Thursday, three days after Superstorm Sandy. Traffic backed up for miles at bridges, large crowds waited impatiently for buses into Manhattan, and tempers flared in gas lines.

Mayor Michael Bloomberg said the city would send bottled water and ready-to-eat meals into the hardest-hit neighborhoods through the weekend, but some New Yorkers grew dispirited after days without power, water and heat and decided to get out.

"It's dirty, and it's getting a little crazy down there," said Michael Tomeo, who boarded a bus to Philadelphia with his 4-year-old son. "It just feels like you wouldn't want to be out at night. Everything's pitch dark. I'm tired of it, big-time."

Rima Finzi-Strauss decided to take bus to Washington. When the power went out Monday night in her apartment building on the Lower East Side of Manhattan, it also disabled the electric locks on the front door, she said.

"We had three guys sitting out in the lobby last night with candlelight, and very threatening folks were passing by in the pitch black," she said. "And everyone's leaving. That makes it worse."

The mounting despair came even as the subways began rolling again after a three-day shutdown. Service was restored to most of the city, but not the most stricken parts of Manhattan and Brooklyn, where the tunnels were flooded.

Bridges into the city were open, but police enforced a carpooling rule and peered into windows to make sure each car had at least three people. The rule was meant to ease congestion but appeared to worsen it. Traffic jams stretched for miles, and drivers who made it into the city reported that some people got out of their cars to argue with police.

Rosemarie Zurlo said she planned to leave Manhattan for her sister's place in Brooklyn because her own apartment was freezing, "but I'll never be able to come back here because I don't have three people to put in my car."

With only partial subway service, lines at bus stops swelled. More than 1,000 people packed the sidewalk outside an arena in Brooklyn, waiting for buses to Manhattan. Nearby, hundreds of people massed on a sidewalk.

When a bus pulled up, passengers rushed the door. A transit worker banged on a bus window, yelled at people inside, and then yelled at people in the line.

With the electricity out and gasoline supplies scarce, many gas stations across the New York area remained closed, and stations that were open drew long lines of cars that spilled out onto roads.

At a station near Coney Island, almost 100 cars lined up, and people shouted and honked, and a station employee said he had been spit on and had coffee thrown at him.

In a Brooklyn neighborhood, a station had pumps wrapped in police tape and a "NO GAS" sign, but cars waited because of a rumor that gas was coming.

"I've been stranded here for five days," said Stuart Zager, who is from Brooklyn and was trying to get to his place in Delray Beach, Fla. "I'm afraid to get on the Jersey Turnpike. On half a tank, I'll never make it."

The worst was over at least for public transportation. The Long Island Rail Road and Metro-North were running commuter trains again, though service was limited. New Jersey Transit had no rail service but most of its buses were back.

The storm killed at least 90 people in the U.S. New York City raised its death toll on Thursday to 38, including two Staten Island boys, 2 and 4, swept from their mother's arms by the floodwaters.

In New Jersey, many people were allowed back into their neighborhoods Thursday for the first time since Sandy ravaged the coastline. Some found minor damage, others total destruction.

The storm cut off barrier islands, smashed homes, wrecked boardwalks and hurled amusement park rides into the sea. Atlantic City, on a barrier island, remained under mandatory evacuation.

More than 4.6 million homes and businesses, including about 650,000 in New York and its northern suburbs, were still without power. Consolidated Edison, the power company serving New York, said electricity should be restored by Saturday to customers in Manhattan and to homes and offices served by underground power lines in Brooklyn.

In darkened neighborhoods, people walked around with miner's lamps on their foreheads and bicycle lights clipped to shoulder bags and, in at least one case, to a dog's collar. A Manhattan handyman opened a fire hydrant so people could collect water to flush toilets.

"You can clearly tell at the office, or even walking down the street, who has power and who doesn't," said Jordan Spiro, who lives in the blackout zone. "New Yorkers may not be known as the friendliest bunch, but take away their ability to shower and communicate and you'll see how disgruntled they can get."

Some public officials expressed exasperation at the relief effort.

James Molinaro, president of the borough of Staten Island, suggested that people not donate money to the American Red Cross because the Red Cross "is nowhere to be found."

"We have hundreds of people in shelters throughout Staten Island," he said. "Many of them, when the shelters close, have nowhere to go because their homes are destroyed. These are not homeless people. They're homeless now."

Josh Lockwood, the Red Cross' regional chief executive, said 10 trucks began arriving to Staten Island on Thursday morning and a kitchen was set up to distribute meals. Lockwood defended the agency, saying relief workers were stretched thin.

"We're talking about a disaster where we've had shelters set up from Virginia to Indiana to the state Maine, so there's just this tremendous response," he said. "So I would say no one organization is going to be able to address the needs of all these folks by themselves."

In Manhattan's Chelsea neighborhood, Mary Wilson, 75, was buying water from a convenience store that was open but had no power. She said she had been without running water or electricity for three days, and lived on the 19th floor.

She walked downstairs Thursday for the first time because she ran out of bottled water and felt she was going to faint. She said she met people on the stairs who helped her down.

"I did a lot of praying: 'Help me to get to the main floor.' Now I've got to pray to get to the top," she said. "I said, 'I'll go down today or they'll find me dead.'"

___

Contributing to this story were Associated Press writers Cara Anna, Verena Dobnik, Michael Hill, Karen Matthews, Jennifer Peltz and Christina Rexrode.

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Hawaiian Whopper

























An ad by Republican Senate candidate Linda Lingle in the Aloha State is telling a real whopper — about us.


Her ad says that FactCheck.org rated a claim made by her opponent as “the worst political deception of the year,” and it shows our logo with a headline reading “Whopper of the Year.” The fact is we have never run a headline saying that, and have never singled out any one political falsehood as the worst.





















Lingle’s ad takes aim at a claim made in an ad by Rep. Mazie Hirono, her Democratic opponent — that Lingle’s plan would turn Medicare “into a private-insurance voucher program that could raise seniors’ out-of-pocket health care costs over $ 6,000.”


It’s true that we’ve criticized such claims when made by President Obama and other Democrats. And it’s also true that we have included that claim among several Democratic and Republican “Whoppers of 2012” — although that was an article we posted Oct. 31, several days after Lingle’s ad started, and it was not on our list in 2011 as the Lingle ad claims. Nor was it the “Lie of the Year” that our friends at PolitiFact.com singled out in December 2011.


‘Whopper of the Year’?


On Oct. 15, the Hirono campaign released a TV ad comparing Lingle’s Medicare plan to one proposed by Rep. Paul Ryan, and embraced by GOP presidential nominee Mitt Romney.


The ad says, “Mitt Romney and Linda Lingle, turning Medicare into a private-insurance voucher program that could raise seniors’ out-of-pocket health care costs over $ 6,000.”


The Romney-Ryan plan for Medicare involves giving future Medicare beneficiaries the option of choosing either traditional Medicare or a private health insurance option through a health care exchange. The beneficiaries would buy their insurance with the help of a “premium-support payment” from the federal government. Lingle has said that her Medicare Choice plan for beneficiaries would work in a very similar fashion.


But the claim that this could raise seniors’ health care costs “over $ 6,000″ is based on a Congressional Budget Office analysis of Ryan’s 2011 proposal, which is now outdated. The current Romney-Ryan plan ties the government subsidies to the cost of the second-cheapest plan, which can’t rise faster than GDP plus 0.5 percent. That’s a more generous offering than Ryan’s original proposal. And while the CBO said that it was possible “beneficiaries might face higher costs” under the new plan, it didn’t attempt to say how much due to some uncertainty.


In response, the Lingle campaign released an ad saying that Hirono’s claim had been labeled the “worst political deception of the year.” The citation for that claim is our “The Whoppers of 2011” article. But the campaign got ahead of itself because the claim about the potential for rising health care costs for seniors was not on our list in 2011. It made our list of the “Whoppers of 2012, Final Edition,” which was published more than a week after the Lingle ad first aired on Oct. 20. Democrats’ claim that Republicans would “end Medicare” made our 2011 list, which is a completely different claim.


Furthermore, we didn’t call either claim the “worst political deception of the year,” or the “whopper of the year,” as the ad suggests that we did. Our whoppers lists are a roundup of the most egregious claims during a campaign season. We don’t single out one particular claim over another.


The Lingle ad also repeats the misleading claim that the Affordable Care Act, which Hirono voted for, cuts Medicare funding by $ 716 billion. The “cuts” are actually reductions in the future growth of Medicare spending — not benefits — over a 10-year period. The Obama administration hopes to achieve its goal by reducing the growth of payment levels to hospitals as well as Medicare Advantage. Those spending reductions are projected to extend Medicare’s solvency through 2024.


Note: A special thanks to Bob Kern of Honolulu, Hawaii, for bringing the Lingle ad to our attention.


– D’Angelo Gore


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Seniors/Aging News Headlines – Yahoo! News



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Changing channels; Sony, Sharp in turnaround battle

TOKYO (Reuters) - Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the profit growth the group seeks.


Sony shares, valued at less than $12 billion, have dropped 16 percent since end-June and its 5-year credit default swaps - the cost of insuring against debt default - have jumped by almost 60 percent. The benchmark Nikkei average is down by less than 1 percent.


The maker of Bravia TVs, Vaio laptops and PlayStation game consoles, battling weak demand and tough competition, is expected to say it earned operating profit of 33.8 billion yen ($424.7 million) in its second-quarter, after losing 1.6 billion yen a year ago, according to an average estimate from five analysts on Thomson Reuters I/B/E/S.


Sony has sold a chemicals unit to state-backed Development Bank of Japan for 58 billion yen, and other asset sales may further inflate operating profit this business year. The Japanese group, which blazed a trail in the early 1980s with its Walkman portable music players, is closing the Shinagawa Technology Center, a 31-storey Tokyo office built in 1998 and may even sell the 37-storey Sony Tower, the New York headquarters of its U.S. business, according to media reports.


Sony has said it expects to reduce its global workforce by 10,000 people by end-March, around 6 percent of its total, as it seeks to lop 30 billion yen off its costs.


HIGH-RISK


Kazuo Hirai, who took over as CEO in April, has pledged to rebuild Sony around gaming, digital imaging and mobile devices, and nurture new businesses such as medical devices, as the TV business shrinks - Sony has lost close to $9 billion in TVs over the past 8 years. In late-September, Sony agreed to pay 50 billion yen to become the biggest shareholder in Olympus Corp, a world leader in medical endoscopes.


"The areas in which Sony is continuing to focus are of course high-risk, high-return markets," said JP Morgan analyst Yoshiharu Izumi in a recent report. "Although we expect (full-year) margin improvement in the electronics segment, we think it's too early to appraise a sustained recovery."


While battling weak demand for its products, fierce competition from Apple Inc and Samsung Electronics and others, Sony is also up against a strong yen and a depressed global economy.


Panasonic Corp, a rival Japanese TV maker, said on Wednesday it will lose almost $10 billion this business year as it cleans its house of risky assets - writing down billions of dollars of goodwill and assets in its mobile and energy units and preparing for more restructuring that is likely to see it shift away from money-losing TVs and other consumer electronics.


OUTLOOK DIMMER


In August, Sony cut its full-year operating profit forecast by more than a quarter to 130 billion yen, still some way above the average forecast by 19 analysts for 107 billion yen. At a net level, Sony sees annual profit of 20 billion yen, while the market prediction is for around a third of that.


"It's unclear if Sony will cut its full-year operating profit guidance, but we see considerable potential for second-half shortfalls, mainly in smartphones and games," Goldman Sachs analyst Takashi Watanabe said in a client note.


Sales of Sony's handsets, including its Xperia smartphones, are expected to have slid by more than a fifth in July-September, to below 8 million devices, a Reuters poll showed last month. [ID:nL6E8LAL10] For next year, it's forecast to sell 34.4 million mobiles, about the same as Samsung shifts each month.


The South Korean firm and Apple are also encroaching on Sony's gaming business, and Hirai has cut the forecast for annual sales of the hand-held Vita and PSP consoles to 12 million from 16 million.


After four straight years of net losses, Hirai is also hampered by weakened finances. At end-June, Sony's shareholder equity ratio fell to below 15 percent - a rate of 20 percent is generally considered a healthy minimum.


While selling off non-core assets, Sony has also spent to bolster its business portfolio - laying out $1.8 billion in four months on the Olympus stake, a cloud gaming firm and a website for doctors, but this has prompted both Moody's and Standard & Poor's to lower their long-term debt rating on the company to the second-lowest investment grade.


SHARP DOWNTURN


At rival Japanese TV maker Sharp Corp, which also announces quarterly earnings on Thursday, the need to return to profit is more urgent.


The maker of Aquos TVs has secured a $4.6 billion bank bailout, and has pledged to axe 10,000 jobs, sell assets, and return to profit. At end-June, Sharp's shareholder equity ratio was 18.7 percent.


After adding restructuring charges, valuation losses on stocks of LCD display panels and other costs, Sharp is expected to post a 400 billion yen net loss for April-September, almost double the company's estimate, the Nikkei business daily reported last week.


In front-loading those costs, and taking the hit now, Sharp may be better placed to return to profit in the current second half of the year, allowing lenders to justify the bailout.


Sharp is said to be increasing production capacity for its high-definition power-saving IGZO screens, which it hopes to sell to makers of ultrabook computers, including Lenovo Group, Dell Inc and Hewlett-Packard, Japanese media have reported.


For the second quarter, Sharp is expected to have made a 50.4 billion yen operating loss, according to the average of six analysts on Thomson Reuters I/B/E/S.


Both Sharp and Sony may also have felt the impact of a recent dispute with China over ownership of islands in the East China Sea, which triggered sometimes violent protests against Japanese products. Sharp had almost a fifth of its revenues in China, while Sony has around 8 percent of its business there.


Sharp shares have more than halved since end-June, to record lows below 150 yen. Five years ago, the stock traded at above 2,440 yen. Its market value has slumped to below $2.4 billion.


($1 = 79.5800 Japanese yen)


(Additional reporting by Reiji Murai; Editing by Ian Geoghegan)

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Clinton calls for overhaul of Syrian opposition

























ZAGREB (Reuters) – The United States called on Wednesday for an overhaul of Syria‘s opposition leadership, saying it was time to move beyond the Syrian National Council and bring in those “in the front lines fighting and dying”.


Secretary of State Hillary Clinton, signaling a more active stance by Washington in attempts to form a credible political opposition to Syrian President Bashar al-Assad, said a meeting next week in Qatar would be an opportunity to broaden the coalition against him.





















“This cannot be an opposition represented by people who have many good attributes but who, in many instances, have not been inside Syria for 20, 30, 40 years,” she said during a visit to Croatia.


“There has to be a representation of those who are in the front lines fighting and dying today to obtain their freedom.”


Clinton’s comments represented a clear break with the Syrian National Council (SNC), a largely foreign-based group which has been among the most vocal proponents of international intervention in the Syrian conflict.


U.S. officials have privately expressed frustration with the SNC’s inability to come together with a coherent plan and with its lack of traction with the disparate internal groups which have waged the 19-month uprising against Assad’s government.


Senior members of the SNC, Free Syrian Army (FSA) and other rebel groups ended a meeting in Turkey on Wednesday and pledged to unite behind a transitional government in coming months.


“It’s been our divisions that have allowed the Assad forces to reach this point,” Ammar al-Wawi, a rebel commander, told Reuters after the talks outside Istanbul.


“We are united on toppling Assad. Everyone, including all the rebels, will gather under the transitional government.”


Mohammad Al-Haj Ali, a senior Syrian military defector, told a news conference after the meeting: “We are still facing some difficulties between the politicians and different opposition groups and the leaders of the Free Syrian Army on the ground.”


Clinton said it was important that the next rulers of Syria were both inclusive and committed to rejecting extremism.


“There needs to be an opposition that can speak to every segment and every geographic part of Syria. And we also need an opposition that will be on record strongly resisting the efforts by extremists to hijack the Syrian revolution,” she said.


Syria’s revolt has killed an estimated 32,000. A bomb near a Shi’ite shrine in a suburb of Damascus killed at least six more people on Wednesday, state media and opposition activists said.


NEW LEADERSHIP


The meeting next week in Qatar’s capital Doha represents a chance to forge a new leadership, Clinton said, adding the United States had helped to “smuggle out” representatives of internal Syrian opposition groups to a meeting in New York last month to argue their case for inclusion.


“We have recommended names and organizations that we believe should be included in any leadership structure,” she told a news conference.


“We’ve made it clear that the SNC can no longer be viewed as the visible leader of the opposition. They can be part of a larger opposition, but that opposition must include people from inside Syria and others who have a legitimate voice which must be heard.”


The United States and its allies have struggled for months to craft a credible opposition coalition.


U.S. President Barack Obama’s administration has said it is not providing arms to internal opponents of Assad and is limiting its aid to non-lethal humanitarian assistance.


It concedes, however, that some of its allies are providing lethal assistance – a fact that Assad’s chief backer Russia says shows western powers are intent on determining Syria’s future.


Russia and China have blocked three U.N. Security Council resolutions aimed at increasing pressure on the Assad government, leading the United States and its allies to say they could move beyond U.N. structures for their next steps.


Clinton said she regretted but was not surprised by the failure of the latest attempted ceasefire, called by international mediator Lakhdar Brahimi last Friday. Each side blamed the other for breaking the truce.


“The Assad regime did not suspend its use of advanced weaponry against the Syrian people for even one day,” she said.


“While we urge Special Envoy Brahimi to do whatever he can in Moscow and Beijing to convince them to change course and support a stronger U.N. action we cannot and will not wait for that.”


Clinton said the United States would continue to work with partners to increase sanctions on the Assad government and provide humanitarian assistance to those hit by the conflict.


(Additional reporting by Ayla Jean Yackley; editing by Andrew Roche)


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