Best Buy stock leaps 16% on holiday-season results









Shares of Best Buy Co. jumped more than 16% after the electronics giant had a better-than-expected showing during the crucial holiday season.


Although results for the entire fourth quarter are not expected to be released until Feb. 28, analysts say strong online sales and better traffic into its U.S. stores during the holiday season are positive signs for the struggling retailer.


Wall Street responded by sending shares of Best Buy up $2, or 16.4%, to $14.21.





Still, some results from Best Buy were below those for the same period a year earlier. For the nine weeks that ended Jan. 5, the Minneapolis company posted revenue of $12.8 billion, down from $12.9 billion.


Sales at stores open at least a year, considered a key gauge of a retailer's health, dropped 1.4%, which was better than expected. International comparable-store sales plunged 6.4%, and domestic sales were flat.


Online revenue over the holidays jumped 10% year over year. Best Buy said categories such as tablets, cellphones and e-readers enjoyed the strongest results, while sales fell in televisions and entertainment.


"That tells me Best Buy is making the transition they need to make in order to compete as an online retailer instead of being a showroom," said Ron Friedman, a retail expert at advisory and accounting firm Marcum in Los Angeles. "Best Buy did pretty good, all things considered."


The company has been trying to implement a turnaround strategy as it fights increased competition from online retailers such as Amazon.com Inc.


Chief Executive Hubert Joly, who took over in August, said increased worker training and a price-match policy helped deliver a holiday season that was an improvement over the last several quarters.


"While it will be a journey of ups and downs, we are focused on becoming an increasingly effective multi-channel retailer and engaging with the tens of millions of consumers who shop us online and in stores," he said in a statement Friday.


Last year, Best Buy ousted its previous chief executive, Brian Dunn, after discovering he had engaged in an inappropriate relationship with a female employee. Co-founder Richard Schulze then left the company after an investigation found that he knew of Dunn's relationship but failed to report it to the board. He has since made overtures to take over the company.


The mixed holiday results may prompt another takeover bid from Schulze. Best Buy is giving him until the end of February to make an offer.


shan.li@latimes.com





Read More..

Irvine City Council overhauls oversight, spending on Great Park









Capping a raucous eight-hour-plus meeting, the Irvine City Council early Wednesday voted to overhaul the oversight and spending on the beleaguered Orange County Great Park while authorizing an audit of the more than $220 million that so far has been spent on the ambitious project.


A newly elected City Council majority voted 3 to 2 to terminate contracts with two firms that had been paid a combined $1.1 million a year for consulting, lobbying, marketing and public relations. One of those firms — Forde & Mollrich public relations — has been paid $12.4 million since county voters approved the Great Park plan in 2002.


"We need to stop talking about building a Great Park and actually start building a Great Park," council member Jeff Lalloway said.





The council, by the same split vote, also changed the composition of the Great Park's board of directors, shedding four non-elected members and handing control to Irvine's five council members.


The actions mark a significant turning point in the decade-long effort to turn the former El Toro Marine base into a 1,447-acre municipal park with man-made canyons, rivers, forests and gardens that planners hoped would rival New York's Central Park.


The city hoped to finish and maintain the park for years to come with $1.4 billion in state redevelopment funds. But that money vanished last year as part of the cutbacks to deal with California's massive budget deficit.


"We've gone through $220 million, but where has it gone?" council member Christina Shea said of the project's initial funding from developers in exchange for the right to build around the site. "The fact of the matter is the money is almost gone. It can't be business as usual."


The council majority said the changes will bring accountability and efficiencies to a project that critics say has been larded with wasteful spending and no-bid contracts. For all that has been spent, only about 200 acres of the park has been developed and half of that is leased to farmers.


But council members Larry Agran and Beth Krom, who have steered the course of the project since its inception, voted against reconfiguring the Great Park's board of directors and canceling the contracts with the two firms.


Krom has called the move a "witch hunt" against her and Agran. Feuding between liberal and conservative factions on the council has long shaped Irvine politics.


"This is a power play," she said. "There's a new sheriff in town."


The council meeting stretched long into the night, with the final vote coming Wednesday at 1:34 a.m. Tensions were high in the packed chambers with cheering, clapping and heckling coming from the crowd.


At one point council member Lalloway lamented that he "couldn't hear himself think."


During public comments, newly elected Orange County Supervisor Todd Spitzer chastised the council for "fighting like schoolchildren." Earlier this week he said that if the Irvine's new council majority can't make progress on the Great Park, he would seek a ballot initiative to have the county take over.


And Spitzer angrily told Agran that his stewardship of the project had been a failure.


"You know what?" he said. "It's their vision now. You're in the minority."


mike.anton@latimes.com


rhea.mahbubani@latimes.com





Read More..

A Tale of 2 Strategies: The Twitter Genius of Chuck Grassley and Cory Booker






If you’re on Twitter and not following Sen. Chuck Grassley, you’re not using Twitter correctly.


The Iowa Republican is known for his colorful and personal Twitter feed. Take a gander: He personally tweets about everything from the History Channel to “Obamacare” to an incident in which he hit a deer with his car  (“assume dead”). Grassley’s tweets take us along for a ride, one that’s often riddled with spelling errors (which he has said is due to his distaste for typing and the iPhone’s auto-correct function).







Pres/Cong need 2work on Wash spending prob. No time 2waste b/4 Mar. Pres promised tax hike is done. Now he needs 2keep promise 4 less spend


— ChuckGrassley (@ChuckGrassley) January 4, 2013



Rained inIowa this weekend. Still 8 inches shortIowa still still listed dangerous drought pray For rain


— ChuckGrassley (@ChuckGrassley) December 17, 2012



Fred and I hit a deer on hiway 136 south of Dyersville. After I pulled fender rubbing on tire we continued to farm. Assume deer dead


— ChuckGrassley (@ChuckGrassley) October 26, 2012


Contrast Grassley’s tweets to another lawmaker known for his active and personal feed: Newark, N.J., Mayor Cory Booker. On Twitter, he’s part mayor, part celebrity. Booker tweets about city services and was widely praised for how he utilized the platform in the aftermath of superstorm Sandy to connect directly with residents. But then he’ll retweet someone who says she’s going to get a Cory Booker quote tattoo or someone who has a “political crush” on him. Sometimes, Booker tweets like a Kardashian.



Think so, call 9737334311. My people will tell u RT @hennybottle: Is the number to get downed wires removed same for all of essex county?


— Cory Booker (@CoryBooker) January 8, 2013



“Hey, Never Met U, Your tweet’s Crazy, I’ll DM My Number, So Call Me Maybe?” MT @ann_ralston: I have a non-sexual, political crush on you!


— Cory Booker (@CoryBooker) January 8, 2013



Wow. An honor I never quite imagined RT @rachelanncohen: deliberating between several Cory Booker quotes for my next tattoo.


— Cory Booker (@CoryBooker) January 8, 2013



I love you too! RT @alwoldegorgeous: I can actually say I am in love with @kimkardashian#girlcrush


— Kim Kardashian (@KimKardashian) December 12, 2012


Obviously, Booker is savvier with Twitter than Grassley, and he’s utilized the platform effectively, as he vies for statewide office. Booker’s a PR genius with social media. Grassley’s himself–typos, rants, and all. So while Booker probably doesn’t need to take Twitter lessons from the six-term senator, there’s something decidedly old school and earnest that’s kind of appealing about Grassley’s feed, something that would be nice to see in Booker’s feed, too.



Welcome to Twitter Pope Benedict. U will find it useful and interesting


— ChuckGrassley (@ChuckGrassley) December 3, 2012


CORRECTION: Grassley has served in the Senate for six terms.  An earlier version of the story incorrectly listed his tenure.


Social Media News Headlines – Yahoo! News





Title Post: A Tale of 2 Strategies: The Twitter Genius of Chuck Grassley and Cory Booker
Url Post: http://www.news.fluser.com/a-tale-of-2-strategies-the-twitter-genius-of-chuck-grassley-and-cory-booker/
Link To Post : A Tale of 2 Strategies: The Twitter Genius of Chuck Grassley and Cory Booker
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Kimmel's pot jokes earn invite from Calif. college


ARCATA, Calif. (AP) — Humboldt State University in California has invited Jimmy Kimmel to deliver the school's commencement address after he joked about its marijuana research program.


The host of "Jimmy Kimmel Live!" devoted a segment of his late-night show to poking fun at the new academic program, which the university says is probably the first dedicated to examining marijuana through the lens of disciplines such as geography, politics and economics.


"They will probably just end up playing Ultimate Frisbee or something," Kimmel dead-panned during the bit that aired in late November, after the university first publicized the Humboldt Institute for Interdisciplinary Marijuana Research.


The sketch also included a faux recruiting commercial saying students who attended could look forward to low-pressure careers such as dog walking, organizing drum circles and occupying Wall Street. Kimmel joked that the program would probably make getting into Humboldt more competitive than Yale.


University spokesman Jarad Petroske said Thursday the school has not heard back from Kimmel, who also was invited to make a public appearance at its Arcata campus in the fall if his schedule prevents him from speaking at graduation ceremonies in May.


The comedian's publicist Alyssa Wilkins did not reply to an email from The Associated Press seeking a response.


Humboldt State President Rollin Richmond and student body president Ellyn Henderson revealed this week they sent Kimmel a school baseball cap and good-natured letter last month saying they found parts of the skit funny but thought it unfairly portrayed the campus community as "a bunch of pot-obsessed slackers." A visit to campus, they wrote, would give him "a chance to grow a little and make up for it."


"We figure you owe us," the letter read. "Humboldt State provided you with just over three minutes of pretty good material, which must be worth quite a bit for a nationally televised program."


Read More..

Children’s Flu Medicine in Short Supply





As influenza cases surge around the country, health officials say they are trying to stem a shortage of treatments for children.




Pharmacies around the country have reported dwindling supplies of liquid Tamiflu, a prescription flu medicine that can ease symptoms if taken within 48 hours of their onset. The drug is available in capsules for adults and a liquid suspension for children and infants.


“There are intermittent shortages of the liquid version (but not the capsule version) due to the supplier’s challenges to meet the current demand,” Carolyn Castel, a spokeswomen for CVS Caremark, said in an e-mail.


Pharmacies around the country are experiencing shortages of the liquid suspension “due to recent increased demand,” Sarah Clark-Lynn, a spokeswoman for the Food and Drug Administration, said on Thursday.


Ms. Clark-Lynn said the F.D.A. was working with the company that markets Tamiflu, Genentech, to increase supplies. The agency is also letting pharmacists know that in emergencies they can compound the adult Tamiflu capsules to make liquid versions for children.


A similar shortage of Tamiflu has hit Canada, which has also been gripped by widespread flu outbreaks, prompting the government there to tap into a national stockpile of the drug.


“That really unexpected increase in demand — far above other influenza seasons — has really depleted the usual stocks which in any other season would have been more than sufficient,” Dr. Barbara Raymond, director of pandemic preparedness for the Public Health Agency of Canada, told The Ottawa Citizen.


Read More..

Rivals seek to write Patrick Dempsey out of Tully's Coffee script









Patrick Dempsey may enjoy the return Thursday of the "Grey's Anatomy" TV series, but the would-be owner of the Tully's Coffee chain will be in a more somber mood Friday as a U.S. bankruptcy judge decides whether the actor's bid for the Seattle firm wins out.


Last week, Dempsey, nicknamed McDreamy by his adoring fans, triumphantly announced that the company had chosen his $9.15-million bid. Dempsey's group, Global Baristas, said it would keep Tully's name and preserve its more than 500 jobs.


Some of the six other bidders now say they won't go away without a tussle for the company, which owns 47 shops in Washington and California.





AgriNurture Inc., a food producer and distributor based in the Philippines, wrote in a court filing this week that it was willing to proceed with its bid. The company offered to acquire any Tully's shops not taken over in a separate bid from Starbucks Corp., which is seeking to convert 25 Tully's to its own brand. Together, the bids amount to $10.56 million — or $1.41 million more than Dempsey's.


AgriNurture, which runs six Tully's franchises in the Philippines, said it "understands that Starbucks is prepared to proceed."


Finance group Kachi Partners, which managed a bid for Tully's from Neon T Coffee Shops, also filed a document contesting Dempsey's victory.


The Jan. 3 auction for Tully's had "substantial irregularities and the purchase price, to the benefit of all the debtor's constituents, could have been — and could still be — at least $1.4 million higher," wrote Shawn Hallinan, a Kachi vice president.


And founder Tom T. O'Keefe, who owns more than 5% of Tully's common stock, said in his filing that he supported "restarting" the bidding process.


The Bankruptcy Court judge in Seattle will hear arguments Friday and could rule on the matter during the hearing.


"We remain confident that the court will reach the right decision and find that Global Baristas LLC submitted the highest and best bid," Dempsey said in a statement.


tiffany.hsu@latimes.com





Read More..

In China, press censorship protests continue









GUANGZHOU, China — Like wedding guests separated across the aisle, the protesters assembled on either side of a gated driveway at the headquarters of the embattled Southern Weekly newspaper. To the right, several dozen supporters of the newspaper staff waved banners calling for an end to censorship of the Chinese press.


"Freedom!" they chanted.


"Democracy!"





"Constitutional rights!"


To the left, beneath fluttering red Chinese flags and hoisted portraits of Mao Tse-tung, a battalion of mostly older men shouted into a microphone, trying to drown out their ideological rivals.


"Long live Chairman Mao!" they chanted.


"We love China!"


"Patriotism!"


Across the divide, the dueling protesters have been engaging in a spirited debate over the Communist Party's grip on the media. The spat erupted over the weekend in the southern city of Guangzhou when journalists threatened to strike over a front-page New Year's editorial that was rewritten by propaganda officials. Although a strike was averted by a last-minute deal Wednesday, the raucous public protests continued outside the newspaper headquarters.


The protests were inspired by rising expectations after the 18th Communist Party congress in November, when the new leadership was installed. Xi Jinping, the new party secretary who will become president in March, has hinted at plans to uphold constitutionally guaranteed rights and fight corruption within the party. What role the media will play in that fight is at the heart of the debate.


One lesson of the Guangzhou protests is that the overarching conflict about the role of the press in a communist society is not likely to be resolved any time soon.


"You can't fight corruption without freedom of the press," said a 46-year-old activist, Xiao Qingshan, who demonstrated from a wheelchair (necessitated by a work injury) that was festooned with pro-democracy slogans. "We're tired of being lied to. We want the same kind of freedoms as in the West."


Protesters poked fingers in each other's chests. They pushed. They shoved. Police who had planted themselves in the middle of the driveway broke up a few incipient fights but otherwise did not intervene.


A 73-year-old retired engineer wearing a Mao pin on his leather jacket hectored a university student who had dared to walk across the divide to debate.


"You young people don't understand what's going on. Who does this newspaper belong to? It belongs to the Communist Party," lectured the older man, who would not give his name. "These journalists are civil servants who are supposed to obey orders, not behave like traitors following the United States."


Indeed, despite a shift toward commercialization, newspaper ownership in China remains deeply lodged with the state. In order to operate, all of China's more than 2,000 newspapers require a Communist Party or government organ to sponsor a publishing license. Inside each newsroom is a Communist Party secretary who makes sure the stories are politically correct.


The restrictive environment makes the journalism at the muckraking Southern Weekly and its sister paper, the Southern Metropolis Daily, all the more remarkable.


The publications belong to the Nanfang Media Group, which is owned by the government of Guangdong, China's richest and most liberal province.


For several years, the Southern Weekly and the Southern Metropolis Daily were able to deliver stories that challenged authority and exposed unchecked power.


That was possible because the newspapers' stewards had long belonged to liberal factions of the party, shielding it from interference, said Cheng Yizhong, who helped launch the Southern Metropolis Daily in 1997.





Read More..

Go Ahead, Keep Being Mean to Celebrities on Twitter






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  


RELATED: The Honey Boo Boo Nature Special; Everyone’s Favorite Sleepwalking Mom






We usually don’t condone being an impolite jerk to anyone, especially on social media. But we kind of make an exception because, well, if everyone was nice to everyone all of a sudden, we’d run out of fun Jimmy Kimmel segments where celebrities read their tweets:


RELATED: Ai Weiwei’s ‘Gangnam Style’ Isn’t Bad


RELATED: So Which Boyfriend Is Taylor Swift Singing About Now?


Oh man, this giant squid is like the most famous sea creature celebrity of the moment. And yes, it’s way freakier in motion:


RELATED: Katie Holmes Goes Bust on Broadway


RELATED: Justin Bieber is Coming to Town


So fine, this is sort of bending the rules per se because this isn’t really a video-video. It’s the Game of Thrones introduction with beatboxing by the Stark children. 


And finally, here is one minute of a man singing all the songs involving the word “baby.” And in case you were wondering, yes, Justin Bieber is officially in the Baby Pantheon of Music. 


Social Media News Headlines – Yahoo! News





Title Post: Go Ahead, Keep Being Mean to Celebrities on Twitter
Url Post: http://www.news.fluser.com/go-ahead-keep-being-mean-to-celebrities-on-twitter/
Link To Post : Go Ahead, Keep Being Mean to Celebrities on Twitter
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Adele to make post-baby debut at Golden Globes


BEVERLY HILLS, Calif. (AP) — Adele is coming to the Golden Globes.


The executive producer of the show says the 24-year-old Grammy-winning pop star is set to make her first post-baby appearance at Sunday's ceremony, where she is nominated for original song for the James Bond theme "Skyfall."


Adele welcomed her first child, with boyfriend Simon Konecki, in October. The singer has kept a low profile since announcing her pregnancy in June after sweeping the Grammy Awards last February with six wins.


Her single, "Skyfall," will compete at the Golden Globes with Taylor Swift's song from "The Hunger Games," Jon Bon Jovi's number from "Stand Up Guys," Keith Urban's track from "Act of Valor," and "Suddenly" from "Les Miserables."


The Globes will be presented Sunday at the Beverly Hilton Hotel.


Read More..

Americans Under 50 Fare Poorly on Health Measures, New Report Says





Younger Americans die earlier and live in poorer health than their counterparts in other developed countries, with far higher rates of death from guns, car accidents and drug addiction, according to a new analysis of health and longevity in the United States.




Researchers have known for some time that the United States fares poorly in comparison with other rich countries, a trend established in the 1980s. But most studies have focused on older ages, when the majority of people die.


The findings were stark. Deaths before age 50 accounted for about two-thirds of the difference in life expectancy between males in the United States and their counterparts in 16 other developed countries, and about one-third of the difference for females. The countries in the analysis included Canada, Japan, Australia, France, Germany and Spain.


The 378-page study by a panel of experts convened by the Institute of Medicine and the National Research Council is the first to systematically compare death rates and health measures for people of all ages, including American youths. It went further than other studies in documenting the full range of causes of death, from diseases to accidents to violence. It was based on a broad review of mortality and health studies and statistics.


The panel called the pattern of higher rates of disease and shorter lives “the U.S. health disadvantage,” and said it was responsible for dragging the country to the bottom in terms of life expectancy over the past 30 years. American men ranked last in life expectancy among the 17 countries in the study, and American women ranked second to last.


“Something fundamental is going wrong,” said Dr. Steven Woolf, chairman of the Department of Family Medicine at Virginia Commonwealth University, who led the panel. “This is not the product of a particular administration or political party. Something at the core is causing the U.S. to slip behind these other high-income countries. And it’s getting worse.”


Car accidents, gun violence and drug overdoses were major contributors to years of life lost by Americans before age 50.


The rate of firearm homicides was 20 times higher in the United States than in the other countries, according to the report, which cited a 2011 study of 23 countries. And though suicide rates were lower in the United States, firearm suicide rates were six times higher.


Sixty-nine percent of all American homicide deaths in 2007 involved firearms, compared with an average of 26 percent in other countries, the study said. “The bottom line is that we are not preventing damaging health behaviors,” said Samuel Preston, a demographer and sociologist at the University of Pennsylvania, who was on the panel. “You can blame that on public health officials, or on the health care system. No one understands where responsibility lies.”


Panelists were surprised at just how consistently Americans ended up at the bottom of the rankings. The United States had the second-highest death rate from the most common form of heart disease, the kind that causes heart attacks, and the second-highest death rate from lung disease, a legacy of high smoking rates in past decades. American adults also have the highest diabetes rates.


Youths fared no better. The United States has the highest infant mortality rate among these countries, and its young people have the highest rates of sexually transmitted diseases, teen pregnancy and deaths from car crashes. Americans lose more years of life before age 50 to alcohol and drug abuse than people in any of the other countries.


Americans also had the lowest probability over all of surviving to the age of 50. The report’s second chapter details health indicators for youths where the United States ranks near or at the bottom. There are so many that the list takes up four pages. Chronic diseases, including heart disease, also played a role for people under 50.


“We expected to see some bad news and some good news,” Dr. Woolf said. “But the U.S. ranked near and at the bottom in almost every heath indicator. That stunned us.”


There were bright spots. Death rates from cancers that can be detected with tests, like breast cancer, were lower in the United States. Adults had better control over their cholesterol and high blood pressure. And the very oldest Americans — above 75 — tended to outlive their counterparts.


The panel sought to explain the poor performance. It noted the United States has a highly fragmented health care system, with limited primary care resources and a large uninsured population. It has the highest rates of poverty among the countries studied.


Education also played a role. Americans who have not graduated from high school die from diabetes at three times the rate of those with some college, Dr. Woolf said. In the other countries, more generous social safety nets buffer families from the health consequences of poverty, the report said.


Still, even the people most likely to be healthy, like college-educated Americans and those with high incomes, fare worse on many health indicators.


The report also explored less conventional explanations. Could cultural factors like individualism and dislike of government interference play a role? Americans are less likely to wear seat belts and more likely to ride motorcycles without helmets.    


The United States is a bigger, more heterogeneous society with greater levels of economic inequality, and comparing its health outcomes to those in countries like Sweden or France may seem lopsided. But the panelists point out that this country spends more on health care than any other in the survey. And as recently as the 1950s, Americans scored better in life expectancy and disease than many of the other countries in the current study.


Read More..