Merkel says Germany, Britain must work together on EU
















LONDON (Reuters) – Germany and Britain must cooperate to work round their differences on the European Union‘s long-term spending plans, German Chancellor Angela Merkel said on Wednesday.


“Despite differences that we have it is very important for me that the UK and Germany work together,” Merkel said through a translator before a meeting in London with Prime Minister David Cameron to discuss the EU‘s 2014-2020 budget.













“We always have to do something that will stand up to public opinion back home. Not all of the expenditure that has been earmarked has been used with great efficiency … We need to address that,” she said.


EU leaders meet in Brussels on November 22-23 to try to secure a seven-year budget for the 27-nation bloc amid signs of differences of opinion over what action should be taken.


(Reporting by Peter Griffiths; Editing by Andrew Osborn)


Europe News Headlines – Yahoo! News



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Video game maker Activision scores big gains in 3Q
















SANTA MONICA, Calif. (AP) — Video game maker Activision Blizzard Inc. scored points in the third quarter with a performance that topped analysts’ forecasts.


The results announced Wednesday encouraged management to predict more good times in the crucial holiday shopping season when the company is counting on video game aficionados to snap up the latest edition in its popular “Call of Duty” franchise.













Activision credited “Diablo III,” a role-playing game designed for personal computers, and its latest version of “World of Warcraft” for moving its latest quarter to a higher level.


The company earned $ 226 million, or 20 cents per share, for the three months ending in September. That represented a 53 percent increase from net income of $ 148 million, or 13 cents per share a year ago.


Excluding items unrelated to its ongoing business, Activision made 15 cents per share. The company beat the average estimate of 8 cents per share among analysts surveyed by FactSet. Adjusted earnings included a gain of 4 cents per share from the resolution of a U.S. tax audit.


Revenue for the period increased 12 percent from last year to $ 841 million. That figure, though, includes sales of games with online components, a revenue stream that the company and analysts prefer to spread out over time.


With that adjustment, Activision’s third-quarter revenue would have risen by 20 percent to $ 751 million — about $ 41 million above analysts’ projections.


The third quarter ended with a flourish as Activision sold 2.7 million copies of “World of Warcraft: Mists of Pandaria” in the first week after its Sept. 25 release.


CEO Bobby Kotick believes Activision has another hit on its hand with “Call of Duty: Black Ops II,” scheduled to go on sale Tuesday.


“We feel good about our product line-up, in spite of a difficult and challenging macroeconomic environment that could worsen,” Kotick said in an interview Wednesday.


Activision, based in Santa Monica, Calif., doesn’t expect the weak economy to keep people from buying its games as gifts during the upcoming holidays.


In the fourth quarter the company expects adjusted earnings of 70 cents per share on adjusted revenue of $ 2.41 billion. Analysts, on average, expect adjusted earnings of 67 cents per share on adjusted revenue of $ 2.34 billion.


Activision shares rose 23 cents, or 2 percent, to $ 11.36 in after-hours trading following the release of its earnings report.


Gaming News Headlines – Yahoo! News



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Rihanna unveils Chris Brown duet “Nobodies Business”
















LOS ANGELES (Reuters) – R&B star Rihanna unveiled a duet entitled “Nobodies Business” with ex-boyfriend Chris Brown on Tuesday, three years after Brown was charged with assaulting her.


The song was part of an official track list that Barbadian singer Rihanna tweeted to her followers for her upcoming album “Unapologetic,” and comes after weeks of speculation in the media that the couple have rekindled their romance being spotted together at numerous events.













While Rihanna, 24, has stayed mum on her relationship status with Brown, the “Turn Up The Music” singer attended Rihanna‘s Halloween party last week and tweeted a photograph of himself dressed in Arab robes and a rifle.


Brown, 23, is currently halfway through his five-year probation after pleading guilty to assaulting Rihanna on the eve of the Grammy awards in 2009. He was ordered to complete community service and a domestic violence program.


Brown was given permission by a Los Angeles judge to embark on his European tour at a recent hearing overseeing his progress on his probation.


The former couple have had a tumultuous relationship in the last three years, including a restraining order against Brown following the assault.


But recently the two singers have made peace, coming together on a remix of Rihanna‘s raunchy song “Birthday Cake” earlier this year.


The Barbadian singer told Oprah Winfrey in an emotional interview in August that she and Brown now had a “very close friendship,” and that she still loved him.


Other collaborations on Rihanna‘s upcoming “Unapologetic” album include rapper Eminem, newcomer singer-songwriter Mikky Ekko and rapper Future.


(Reporting By Piya Sinha-Roy, editing by Jill Serjeant)


Celebrity News Headlines – Yahoo! News



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Pfizer arthritis drug wins approval, to challenge Humira
















(Reuters) – U.S. regulators on Tuesday approved Pfizer Inc‘s Xeljanz treatment for rheumatoid arthritis, one of the company’s most potentially lucrative experimental drugs, which is now poised to compete with Abbott Laboratories Inc‘s top-selling Humira.


The U.S. Food and Drug Administration said it had approved Pfizer’s pill for patients with moderate to severe rheumatoid arthritis who have not benefited from or been able to tolerate the standard oral treatment, methotrexate. Xeljanz can be used by itself or in combination with methotrexate and certain other standard treatments.













Industry analysts have predicted Pfizer’s drug, which works differently from current treatments and is better known by its chemical name tofacitinib, could eventually capture annual sales of up to $ 3 billion. The revenue is sorely needed, amid plunging sales of its Lipitor cholesterol fighter and other Pfizer medicines facing cheaper generics.


As a twice-daily pill, Xeljanz could prove more attractive to some patients than Abbott’s $ 8 billion-a-year Humira, which is given by injection every other week.


But Abbott has said Humira sales will continue growing by leaps and bounds, despite competition from Xeljanz.


“It is understandable why (new) patients might prefer an oral therapy versus one that requires needle-based delivery,” Sanford Bernstein analyst Tim Anderson said in a research note. He added that patients already benefiting from other medicines are unlikely to switch to a new product.


The FDA approved a 5 milligram dose of Xeljanz, given twice a day. But the agency said further safety data are needed to assess a 10 milligram, twice-daily dose, that Pfizer had also put before regulators.


Anderson said Xeljanz will likely cost $ 25,000 a year, in line with injectable medicines. Besides Humira, the injectables include Amgen Inc’s Enbrel and Johnson & Johnson’s Remicade — all three of which work by blocking a protein called tumor necrosis factor.


Anderson predicted the Pfizer pill, approved two weeks before Wall Street expected, will generate peak annual sales of at least $ 2.5 billion. Sales could be considerably higher, he said, if Xeljanz is also eventually approved for psoriasis, inflammatory bowel disease and other inflammatory conditions.


Rheumatoid arthritis and related diseases have been one of the most lucrative segments for drugmakers, with more than $ 20 billion in annual sales.


Rheumatoid arthritis is an autoimmune disease in which the body’s immune system mistakenly attacks healthy tissue, causing inflammation and pain in the joints. It affects an estimated 1.5 million Americans, the FDA said.


An estimated 30 percent to 40 percent of patients with rheumatoid arthritis do not respond to available drugs, meaning there is room for other options.


Pfizer’s drug works by blocking molecules called Janus kinases which are linked to joint inflammation. The drug was associated with an increased risk of serious infections, tuberculosis, cancers and lymphoma. Humira, Embrel and Remicade also make patients more prone to serious infections and other complications.


The FDA said it approved the drug with a risk evaluation and mitigation strategy, requiring safety information on the drug’s package insert label and a communication plan to inform healthcare workers about its risks.


The agency is also requiring Pfizer to conduct a postmarketing study to evaluate the drug’s long terms effects on heart disease, cancer and serious infections.


Pfizer shares rose 1.5 percent in after-hours trade to $ 25.09.


(Reporting By Ransdell Pierson; Editing by Leslie Adler, David Gregorio and Carol Bishopric)


Medications/Drugs News Headlines – Yahoo! News



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Voting Goes From Inalienable Right to Bragging Right
















A woman I went to high school with voted for Barack Obama today. I know this because she posted a picture of her ballot to Facebook (FB). She quickly deleted it—perhaps because, according to the Citizen Media Law Project, doing so in Illinois, where she lives, is actually illegal—but not before five other people took self-portraits of themselves wearing their “I voted!” stickers. Media outlets are in on the game, too; the New York Times is soliciting readers’ stylized Instagram photos while NPR wants to know what’s on people’s election-night playlist.


Do people make election-night playlists? Then how do they listen to Wolf Blitzer? This year, voting in America has moved from an inalienable right to a bragging right. It’s the democratic equivalent of telling everyone how well you’re sticking to your diet.













Social media has changed since the 2008 election, when Sarah Palin impersonations abounded on YouTube (GOOG) but the Internet had not yet become infatuated with sepia-toning its every move. There were 10.3 million tweets about the Denver presidential debate last month—of which, I admit, I contributed at least a dozen. That’s one tweet for every 14 people who reportedly watched it. Today, Facebook is tracking the number of people who clicked on its “I voted” prompt in real time. But how useful are these statistics? The site currently shows that only 8 percent of its self-identified voters are over age 55, while in 2008 that age group had a voter turnout of roughly 70 percent. And for some reason, nearly twice as many women have voted on Facebook as men. Maybe that’s because Lena Dunham has asked them to tweet pictures of the outfits they’re wearing to the polls.


In a way, this is an unofficial grassroots version of Rock the Vote, the nonpartisan organization that tried to get young people to the polls by making the democratic process seem cool. But can you actually guilt-trip someone into voting with a Thomas Jefferson quote translated into LOL-speak and a picture of a sticker? Or change someone’s mind with a grammatically incorrect, all-caps rant about a candidate? Who are these pictures for, anyway?


I can’t wait until next week, when we’ll go back to posting pictures of our lunch.


Businessweek.com — Top News



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Officials: New mass graves found in Ivory Coast
















ABIDJAN, Ivory Coast (AP) — Up to 10 new mass graves have been discovered near the site of a July attack on a camp for displaced people, officials said Tuesday, amid allegations that initial casualty totals were downplayed to mask killings carried out by the national army.


Rights groups claim summary executions were carried out by the Republican Forces of Ivory Coast, known by its French acronym of FRCI. Last month, officials found six bodies in a well close to the former campsite in the western town of Duekoue.













Government, army and U.N. officials toured 10 more graves in the same area on Saturday, said Paul Mondouho, vice-mayor of Duekoue. He said the graves had first been identified by civilians, and that officials did not know the number of bodies they contained because they had not yet been properly exhumed.


“People were suspecting the presence of bodies in these graves because of the smell coming out of them and because of the shoes we saw nearby,” Mondouho said.


Prosecutor Noel Dje Enrike Yahau, who is based in the commercial capital of Abidjan, confirmed that multiple new graves had been discovered but could not provide details. U.N. officials and the local prosecutor in charge of investigating the suspected killings could not be reached Tuesday.


U.N. spokeswoman Sylvie van den Wildenberg confirmed that U.N. forces helped Ivorian authorities secure a perimeter around 10 wells “similar to the one in which six bodies were found,” and that “some of those wells are suspected mass graves.”


She stressed that Ivorian authorities were leading the investigation but that the U.N. was able to provide assistance.


Army spokesmen could not be reached Tuesday. The Justice Ministry has previously vowed to investigate the discovery of the initial grave.


On the morning of July 20, a mob descended on the U.N.-guarded Nahibly camp, which housed 4,500 people displaced by violence in Ivory Coast, burning most of the camp to the ground. Officials said at the time that six people were killed.


The attack was prompted by the shooting deaths of four men and one woman on the night of July 19, according to local officials and residents. In response a mob of some 300 people overran the camp on the morning of July 20 after the perpetrators of the shootings reportedly fled there.


The victims in the July 19 attack lived in a district dominated by the Malinke ethnic group, which largely supported President Alassane Ouattara in the disputed November 2010 election. The camp primarily housed members of the Guere ethnic group, which largely supported former President Laurent Gbagbo.


Gbagbo’s refusal to cede office despite losing the election to Ouattara sparked months of violence that claimed at least 3,000 lives.


Albert Koenders, the top U.N. envoy to Ivory Coast, said one week after the attack that U.N. security forces had been inside and outside the camp at the time but that no Ivorian security forces were present. He said the U.N. forces decided not to fire at a large group of people that were attacking the camp in order to avoid “a massacre.”


Several witnesses have said soldiers and traditional hunters, known as dozos, participated in the attack on the camp. Both military and dozo leaders have denied the claims, saying they had tried to protect the camp.


In a statement released Friday, the International Federation for Human Rights, known by its French acronym of FIDH, said it had information — including the preliminary results of autopsies — confirming that the six bodies found in October were men who had been summarily executed by the army.


“The disappearance of dozens of displaced persons after the attack, as well as confirmation of cases of summary and extra-judicial executions, suggest a much higher victim rate than the official figures report,” said the organization, which counts Ivorian civil society groups among its members.


Duekoue was one of the hardest-hit towns during the post-election violence. The U.N. has established that at least 505 people were killed in and around the town, including during a notorious March 2011 massacre that claimed hundreds of lives and was allegedly carried out by fighters loyal to Ouattara.


Duekoue residents belonging to ethnic groups that supported Gbagbo have long complained about abuses carried out by the FRCI, with some pointing to the direct involvement of the local commander, Kone Daouda. FIDH said in its statement that Daouda had been transferred following the discovery of the grave in October, and called for him to be interrogated over the matter.


The group also said two FRCI members were being “actively sought” after failing to return to their barracks on Oct. 16, noting that they are believed to have fled to neighboring Burkina Faso.


Africa News Headlines – Yahoo! News



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HANNITY ON TWEET
















“I learned a big civics lesson today.” — Fox News Channel host Sean Hannity, who tweeted a picture of his filled-out ballot (for Mitt Romney, natch), only to learn that appeared to break the law in New York state.


David Bauder — http://twitter.com/dbauder













___


EDITOR’S NOTE — Election Watch shows you Election Day 2012 through the eyes of Associated Press journalists. Follow them on Twitter where available with the handles listed after each item.


Social Media News Headlines – Yahoo! News



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Rare John Lennon letter to Eric Clapton up for auction
















LOS ANGELES (Reuters) – John Lennon held out the promise he could bring out more musical greatness in legendary guitarist Eric Clapton in a letter that could fetch as much as $ 30,000 when it is sold at auction next month, the organizers of the sale said on Monday.


The signed, hand-written letter by the Beatle, who died in 1980 at the age of 40, is one of a selection from some of the world’s great musicians that will go under the hammer in Los Angeles at the Profiles in History auction on December 18.













In a draft letter dated September 29, 1971, Lennon expressed his respect and admiration for British guitarist Clapton and suggested that they form a band together.


“Eric, I know I can bring out something great, in fact greater in you that had been so far evident in your music. I hope to bring out the same kind of greatness in all of us, which I know will happen if/when we get together,” Lennon wrote in the letter.


The letter will hold special significance for Beatles fans as auctioneer Joe Maddalena said it was widely known that there were problems in the Fab Four’s relationships with each other, and that Clapton had almost become a Beatle.


Clapton played in the Plastic Ono Band, formed by Lennon and Yoko Ono in 1969 before the breakup of the Beatles in 1970. He also played on the George Harrison song “While My Guitar Gently Weeps”, which was on the Beatles’ White Album.


“There was a point in time when George Harrison thought about leaving the band and his replacement was Clapton, so this letter is a link of what could have been,” Maddalena said.


The letter is one of 300 manuscripts and letters from literary, musical and political greats, that will be auctioned from the holdings of an American collector.


“What we know of history is from the written word, without these letters, it would all be verbal. It’s a really unique area of collecting as you’re getting a glimpse into people’s minds,” Maddalena said.


Other highlights include a handwritten letter from George Washington, with a pre-sale estimate of up to $ 300,000, and a Charles Dickens manuscript with an obituary of novelist William Thackeray, expected to fetch between $ 40,000 and $ 60,000.


Also on the auction block is a signed, handwritten letter from German composer Ludwig van Beethoven to Tobias Haslinger, a friend of his publisher, in which the musician discussed the second performance of his Ninth Symphony and the Missa Solemnis, two of his most revered works.


The letter, written in German, is undated, but both the Ninth Symphony and Missa Solemnis debuted in performances in 1824. Because of the rarity of the letter, it is estimated it will sell for between $ 40,000 and $ 60,000.


Other items going under the hammer include a signed letter in Russian by composer Peter Ilyich Tchaikovsky, which has a pre-sale estimate of $ 10,000 to $ 15,000, and a letter by composer George Gershwin dated March 24, 1932, in which he compares his compositions “Rhapsody in Blue” and “An American in Paris”.


The Gershwin letter is expected to sell for as much as $ 3,000, according to the auction house.


(Reporting By Piya Sinha-Roy; editing by Patricia Reaney; and Peter Galloway)


Music News Headlines – Yahoo! News



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If it’s a U.S. “swing state,” Paul Ryan calls it home
















MINNEAPOLIS (Reuters) – He’s sold hot dogs in Minnesota and spent summers in Colorado. His mother lives in Florida and Ohio looks just like his native Wisconsin. Whatever the swing state, Paul Ryan finds a way to call it home.


Addressing one of his largest crowds of the 2012 presidential campaign, the Republican vice presidential candidate ticked off his many ties to Minnesota, one of a handful of states that Mitt Romney‘s team has visited in the final hours of the U.S. presidential race.













Ryan is from Wisconsin, Minnesota’s neighbor and occasional friendly rival. But he boasted that he is often mistaken as one of the crowd’s own.


“In (Washington) D.C., people say, ‘Oh yeah, Ryan, you’re the budget guy from Minnesota, right? I’m from Wisconsin. Close,” Ryan said at the gathering at an airport hangar on Sunday evening.


Politicians often highlight connections to states they visit, hoping a little local pride will go a long way on Election Day. But few politicians can match Ryan.


In Minnesota, Ryan talked about the summer job he had selling Oscar Mayer products in northern part of the state. He mentioned his cousin, Terry, who works for the Minnesota Twins baseball team. He joked about needing better equipment for ice fishing, a passion in the state with long, cold winters.


Ryan’s actual home happens to be a swing state, one of the nine or so battlegrounds likely to determine whether Romney and Ryan can defeat President Barack Obama and Vice President Joe Biden in Tuesday’s election.


He spent three days there last week, telling voters about his passion for deer hunting and the state’s dairy and farming traditions.


Ryan, who has represented a district in southern Wisconsin in Congress for 14 years, visited Green Bay on Sunday to shake hands with Packers fans, wearing the football team’s green and yellow colors on his tie.


On Friday, he told supporters in Cedar Falls, Iowa, that his wife’s mother’s family comes from Iowa. Playing on the state’s frugal reputation, he recounted how his wife Janna’s grandmother once froze five ounces of dog food for months, worried that it would go to waste.


“That is Iowa fiscal conservatism. That is Iowa common sense,” said Ryan.


Earlier that day, he told a crowd in Montrose, Colorado, that he visited their state each summer growing up.


“Janna and I spent our childhoods coming to Colorado every year. We love this state whether it’s fishing, hunting, climbing, skiing, backpacking, just hanging out,” Ryan said.


“This is God’s country,” he added.


On Saturday, Ryan flew to Panama Beach, Florida, where he reminded the crowd that his mother calls the state home.


And in Ohio, the campaign’s most fiercely contested battleground, Ryan’s enthusiasm knows no bounds.


Roving the state on an eight-stop bus tour late last month, he urged crowd to vote for the local — or almost local — guy.


Ryan likes to call Wisconsin and Ohio, “Big Ten” country, linking the two states by a shared college football conference.


“I look around here I feel like I’m 10 miles from my house, except our corn is already down by now,” Ryan told a crowd of 2,000 in Yellow Springs, Ohio, one evening.


At a midday rally, Ryan reveled in the similarity between the names of his host, Zanesville, and his real home town.


“I almost said hello Janesville,” Ryan said. “That’s where I’m from.”


(Reporting By Samuel P. Jacobs; Editing by Frances Kerry and Doina Chiacu)


Seniors/Aging News Headlines – Yahoo! News



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Cashback credit cards ‘double’

















Cashback deals are becoming more common in reward schemes for credit card customers, research has indicated.













The number of cards on the market that carry the feature has doubled in two years, according to the report by financial research group Defaqto.


The report, commissioned by card provider Capital One, suggested that the growth had not been mirrored by other rewards features.


One expert has warned of the danger of choosing a card based on rewards.


Spending


The Defaqto report found that people in the UK could choose from about 245 different credit cards. About three quarters of these were regarded as standard, rather than platinum or gold, cards.


The most common features that these cards carried as customer rewards were points schemes and shopping rewards, that were each found on 20% of cards.


Air miles featured on 10% of cards, while 9% of cards had cashback rewards.


Cashback is the only one of these that has seen a big rise in the past two years, the report suggested. However, it still only features on 22 cards.


Each time the customer uses their card an amount of cashback is accrued. After a set period, usually annually or monthly, the cashback amount is paid automatically to the customer’s credit card.


Cashback amounts can vary between £1.10 and £36 for every £100 spent on the card each month.


“To make the card truly worthwhile a customer would need to spend well in excess of £1,000 per month, so these cards are most likely to appeal to the higher spenders,” the report said.


Habit


For many people this would require a change of habit, by using a credit card for everyday spending.


So, customers should be realistic about whether they would be happy to do this for the cashback rewards, according to Sarah Pennells, founder of the Savvywoman financial website.


“If people are used to paying for their shopping or fuel by cash, then they might not think about getting a credit card out,” she said.


Customers should consider the whole package being offered by a credit card provider when choosing a card, she added.


Cashback would only prove to be a benefit if borrowers paid off their credit card each month, or took advantage of longer interest-free periods, she said. Other considerations when shopping around for a card might include charges when using the card overseas, she added.


BBC News – Business



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