Daily Archives: March 3, 2015

Uber buys mapping startup deCarta – Mashable

Wed Mar 4, 2015 5:27am IST

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. REUTERS/Sergio Perez

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.

Credit: Reuters/Sergio Perez

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<span class="focusParagraph articleLocation”>(Reuters) – Ride service Uber is buying mapping and search startup deCarta for an unspecified amount, technology website Mashable said on Tuesday, citing an Uber representative.

Uber would buy deCarta’s technology and talent through the deal, which closes later this week, Mashable reported.

DeCarta provides a software platform that focuses on location-based service technology, including mapping, routing and turn-by-turn navigation.

Thirty out of 40 deCarta employees will remain with the company, including Kim Fennell, chief executive officer and president, the website said.

Uber could not immediately be reached for comment.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Lisa Shumaker)

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Source: Newsjyoti India Technology

Uber buys mapping startup deCarta: Mashable

The car-sharing service app Uber on a smartphone next to a taxi sign is seen in this photo illustration taken in Madrid on December 10, 2014. REUTERS/Sergio Perez

The car-sharing service app Uber on a smartphone next to a taxi sign is seen in this photo illustration taken in Madrid on December 10, 2014.

Credit: Reuters/Sergio Perez


<span class="articleLocatio

n”>(Reuters) – Ride service Uber is buying mapping and search startup deCarta for an unspecified amount, technology website Mashable said on Tuesday, citing an Uber representative.

Uber would buy deCarta’s technology and talent through the deal, which closes later this week, Mashable reported.

DeCarta provides a software platform that focuses on location-based service technology, including mapping, routing and turn-by-turn navigation.

Thirty out of 40 deCarta employees will remain with the company, including Kim Fennell, chief executive officer and president, the website said.

Uber could not immediately be reached for comment.

(Reporting by Darshana Sankararaman in Bengaluru; Editing by Lisa Shumaker)


Source: Newsjyoti Tech

Large breakfast, small dinner tied to better diabetes blood sugar

Wed Mar 4, 2015 5:17am IST

<span class="focusParagraph articleLocation”>(Reuters Health) – Big breakfasts and small dinners might be a healthier way to eat for people with type 2 diabetes, according to a small new study.

Diabetics in the study who ate big breakfasts and small dinners had fewer episodes of high blood sugar than those who ate small breakfasts and large dinners, researchers found.

Blood sugar – also known as blood glucose – is controlled by the body’s internal clock, with larger blood sugar peaks after evening meals, Dr. Daniela Jakubowicz told Reuters Health in an email.

People with type 2 diabetes often time their meals in opposition to their internal clock, said Jakubowicz, a researcher at Tel Aviv University’s Wolfson Medical Center in Israel.

“They frequently skip breakfast while eating a high-calorie dinner,” she said, adding that skipping breakfast is linked to obesity and poor blood sugar control.

The new study involved eight men and ten women with type 2 diabetes, ages 30 to 70, who were being treated with either the diabetes drug metformin and dietary advice or diet advice alone.

Type 2 is the most common form of diabetes and is often linked to obesity. In type 2 diabetes, the body’s cells are resistant to the hormone insulin, or the body doesn’t make enough of it. Insulin gives blood sugar access to the body’s cells to be used as fuel.

The participants were randomly assigned to follow a meal plan that consisted of either a 700-calorie breakfast and 200-calorie dinner or a 200-calorie breakfast and a 700-calorie dinner. Both diets included a 600-calorie lunch.

After following the assigned meal plans for six days at home, the participants spent a day at the clinic, where blood tests were taken. They repeated the experiment two weeks later with the other diet plan.

The study team found that post-meal glucose levels were 20 percent lower, and levels of insulin were 20 percent higher, when the participants consumed the large breakfasts and small dinners, according to the results in Diabetologia.

“Our study demonstrated that a large breakfast and reduced dinner is a beneficial alternative for the management of glucose balance during the day and should be considered as a therapeutic strategy in type 2 diabetes,” Jakubowicz said.

Jakubowicz said longer studies are needed to see if the benefits would continue over time.

The new results support the advice to eat like a king at breakfast, a prince at lunch and a pauper at dinner, said Anna Taylor in an email to Reuters Health.

“Select your calories with care, however; what you eat, how you eat, and when you eat all play an important role in your nutrition as well as your health,” said Taylor, a registered dietitian at the Cleveland Clinic in Ohio. She wasn’t involved in the study.

She added that it’s important for people to keep in mind that the study’s participants took few medications and had no major complications.

The results might therefore not apply to other groups with diabetes, Taylor said.

She said that people with diabetes who take insulin should speak to their endocrinologists before experimenting with drastic dietary adjustments.

SOURCE: (PDF link) bit.ly/1FOkBdL Diabetologia, online February 24, 2015.

Source: Newsjyoti India health

Apple exploring settlement with electric car battery maker

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014. REUTERS/Brendan McDermid

The leaf on the Apple symbol is tinted green at the Apple flagship store on 5th Ave in New York April 22, 2014.

Credit: Reuters/Brendan McDermid


<span class="articleLocatio

n”>(Reuters) – Apple Inc (AAPL.O) is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division.

Apple is exploring how to make an electric car and has been hiring engineers with deep expertise in automobile systems. Around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company’s most critical projects, A123’s lawsuit said.

In a court filing on Tuesday, Apple asked a Massachusetts federal judge for an extension of time to respond to the A123 lawsuit because “they are exploring potential resolution.”

Representatives for Apple and A123 could not immediately be reached for comment. A123 filed the breach of contract lawsuit in February against Apple and five former A123 employees.

Trying to build an actual car would mark a dramatic shift for the maker of the iPhone and iPad. Apple often researches projects which are then discarded, but has so far mainly stuck to its core expertise in mobile and electronic devices.

A123 Systems is a pioneering industrial lithium-ion battery maker, which was backed by a $249 million U.S. government grant. It filed for bankruptcy in 2012 and has been selling off assets.

Lithium-ion is a battery technology that can be used in applications from computers to airplanes, but A123 specializes in big batteries that can be used in big machines, including cars. A123 did not say what specifically the engineers worked on.

The case in U.S. District Court, District of Massachusetts is A123 Systems LLC vs. Apple Inc et al., 15-10438.

(Reporting by Dan Levine in San Francisco; Editing by Chris Reese)


Source: Newsjyoti Tech

Oil and gas contractor Cal Dive files for bankruptcy

(Reuters) – Offshore oil and gas contractor Cal Dive
International Inc said the company and its U.S.
subsidiaries filed for voluntary bankruptcy protection.

Cal Dive’s foreign units have not sought bankruptcy
protection and will continue to operate outside of any
reorganization proceedings, the company said on Tuesday.

Cal Dive has been hurt by the slump in crude prices as oil
and gas producers slash their capital spending budgets.

U.S. crude prices have more than halved since June.

“With our current capital structure, we are no longer able
to financially withstand the industry downturn,” Chief Executive
Quinn Hebert said.

Cal Dive said it would sell non-core assets and reorganize
or sell as a going concern its core subsea contracting business.

The Houston-based company said it received a commitment for
up to $120 million in debtor-in-possession financing from its
current first-lien lenders led by Bank of America.

(Reporting by Anannya Pramanick in Bengaluru; Editing by Kirti
Pandey)


Source: Newsjyoti Bankruptcy News

UPDATE 1-TiVo revenue, profit beat estimates as subscriptions rise

(Adds details, CEO comment, shares)

By Subrat Patnaik

(Reuters) – Digital video recorder maker TiVo Inc
reported better-than-expected quarterly revenue and
profit, helped by higher subscriptions.

The company’s shares rose 7 percent in extended trading on
Tuesday.

TiVo’s net subscriber additions rose to 340,000 in the
fourth quarter from 319,000, a year earlier. Analysts on average
had estimated additions of 328,000, according to research firm
StreetAccount.

TiVo had the best fourth quarter in seven years in terms of
net subscriber additions in its retail business, Chief Executive
Tom Rogers said. The business includes sales from TiVo Roamio
and TiVo Roamio OTA products.

Expenses incurred for acquiring these subscribers fell about
25 percent, he said.

The company sells its products through cable TV partners
such as Virgin Media in the UK, ONO in Spain and Com Hem AB
in Sweden.

TiVo’s net income rose to $7.1 million, or 7 cents per
share, in the quarter ended Jan. 31 from $710,000, or 1 cent per
share, a year earlier. Net revenue rose 7.3 percent to $114.1
million.

Analysts on average had expected a profit of 4 cents per
share and revenue of $89.9 million, according to Thomson Reuters
I/B/E/S.

Shares of the San Jose, California-based company were
trading at $12.05 after the bell.

(Editing by Kirti Pandey)


Source: Newsjyoti Hot Stock News

UPDATE 1-Caesars' operating unit files bankruptcy exit plan

(Adds new lawsuit filed against parent company in paragraphs
10-11)

By Tom Hals

(Reuters) – The operating unit of casino company
Caesars Entertainment Corp unveiled its plan to cut $10
billion of debt and to exit Chapter 11 in a late Monday filing
with a U.S. Bankruptcy Court.

The plan formalized a proposal negotiated with senior
creditors prior to the casino operator’s January bankruptcy
filing. It must be approved by U.S. Bankruptcy Judge Benjamin
Goldgar in Chicago and creditors, a process that can easily take
a year.

Under the proposed plan, the bankrupt unit would be split
into an operating company that runs 38 casinos in 14 states and
a property company.

“The debtors believe this structure materially improves
stakeholder recoveries versus a more traditional ‘standalone’
restructuring,” the company said in a court filing.

The plan was filed on Monday when the parent company Caesars
Entertainment reported its fourth-quarter net loss narrowed to
$1 billion from $1.76 billion a year earlier. Shares of the
parent company closed down 4 percent at $10.58 on Nasdaq.

The property company would be controlled by a real estate
investment trust, which benefits from more favorable tax
treatment, creating value for the creditors.

In exchange for their $6.3 billion of debt, the first-lien
noteholders would own the operating company when it exits
bankruptcy. The noteholders would also own about 70 percent of
the property company, with junior creditors getting the rest in
exchange for their $5.2 billion in debt.

The bankruptcy put on hold lawsuits launched by other
creditors who alleged the parent company looted the operating
unit of its best casinos and properties and left it without
enough assets to pay its debts.

The parent company has said the property transfers were
fair.

On Tuesday, a trustee for $750 million of junior notes sued
the parent company in Manhattan federal court, seeking to
enforce the parent’s guarantee of the notes and seeking full
repayment plus damages. In January, the court declined to
dismiss at an early stage a similar lawsuit.

A Caesars spokesman did not immediately respond to a request
for comment. The parent company has said it has strong defenses
to claims that it improperly eliminated the guarantees and has
said it did not expect the allegations to impact the operating
unit’s reorganization.

The parent company is controlled by Apollo Global Management
and TPG Capital, private equity firms that led the $30.7
billion leveraged buyout of Harrah’s Entertainment in 2008.

(Reporting by Tom Hals in Wilmington, Delaware; Editing by
James Dalgleish)


Source: Newsjyoti Bankruptcy News

MoMA retrospective journeys into world of Iceland's Bjork

Fashion is displayed during the exhibition 'Bjork' during a preview at the Museum of Modern Art in New York March 3, 2015. REUTERS/Brendan McDermid


(Reuters) – With pulsating sounds, stunning videos and elaborate costumes, a retrospective at the Museum of Modern Art (MoMA) dedicated to the work of Bjork transports visitors into the creative world of the Icelandic musician, composer and singer.

“Bjork,” which opens on Sunday and runs through June 7, follows the artist through 20 years of her career, from her first mature solo album “Debut” in 1993 to her latest work and a new music installation commissioned for the retrospective.

“It’s been an incredibly generous and fruitful journey for me,” Bjork, 49, said at a preview of the show on Tuesday.

Through her long, cutting-edge career, Bjork has experimented with sounds, images, technology and themes ranging from nature to feminism in eight albums, numerous videos and collaborations with designers, producers and photographers, which are included in the retrospective.

“This is a huge, pioneering endeavor,” said Klaus Biesenbach, MoMA’s chief curator at large. “We have one of the most innovative and most influential contemporary artists in the area of music embarking on this endeavor with us.”

Three years in the making, the show is designed to be an immersive, transformative experience and includes an augmented audio guide.

It includes unusual instruments used on Bjork’s 2011 hybrid album, Biophilia, which are displayed and programmed to play music and sounds in the museum’s lobby as well as a chronological presentation of her music videos and an experimental sound experience called Songlines.

Songlines, with its personalized audio guide of Bjork’s music and a fictitiously biographical narrative, details her work and creative process through her albums and the characters she created for them. It includes costumes, photos, diaries, music and lyrics, and some of the characters she created for them.

The feathered swan dress Bjork wore to the Academy Awards in 2001 is displayed, along with robots for the music video “All is Full of Love,” and the bell-shaped dress created by the late designer Alexander McQueen in 2004 for the video “Who Is It?” from her “Medulla” album.

But Biesenbach said the heart of the retrospective is a 10-minute video called “Black Lake,” that was filmed over three days last summer in the caves and lava fields of Iceland. The song will appear on her new album, “Vulnicura.”

“Our first premise basically is that this has to be an exhibition that features primarily and makes an experience of music,” he said.

(Editing by Piya Sinha-Roy, G Crosse)


Source: Newsjyoti Lifestyle

A business person's guide to Munich: Beer included

Visitors toast with their one-liter beer mugs during the opening day of the 181st Oktoberfest in Munich September 20, 2014.        REUTERS/Michael Dalder


(Reuters) – Jim Koch considers Munich a beer-lover’s paradise. The founder and chairman of Boston Beer Co, which brews Samuel Adams beer, heads to the region north of the city every year to select hops.

Koch, 65, is drawn to Munich because beer drinking is a way of life there, and the trips connect him with his family’s German roots. Here are his tips for business travelers who have 48 hours to spend in this Bavarian brewing capital.

Best way to get to town from the airport: “The taxis there are often Mercedes. It’s a way different experience than a New York taxi. The majority of them are extremely well-maintained and very polite and clean.”

Where to sleep: “The big classic 19th century hotel which is right downtown is the Bayerischer Hof (Promenadeplatz 2-6). It’s kind of like staying in New York at the Waldorf.”

Power breakfast: “The Charles Hotel (Sophienstrasse 28) has one of the top restaurants in Munich – and they serve breakfast. I’ve taken my wife there because her culinary standards are a little higher than mine.”

Team outing: “A beer garden would be, I think, a great place for team building. There’s one called Weisses Brauhaus (Tal 7), where they specialize in Weiss beers. As a brewer, it’s interesting for me to taste various interpretations of that one style of beer.

“When the weather is good, there’s the Augustiner-Keller (Arnulfstrasse 52). It’s a classic German beer garden where families come on Sundays with picnic baskets. You feel very Bavarian there.

“At the other end of the spectrum, if you’re crazy enough to do it, is parasailing. A couple of our brewers did it a year or two ago. They put you on a bus and take you out to the Alps. Everyone goes parasailing with the instructor.”

What to do with spare time: “Go to the English Garden. In the middle of the city park, you can watch surfing. It’s one of those completely unexpected things to encounter in Munich. To me, it kind of represents Munich: outdoorsy, creative and fun.

“If you’re there during soccer season, a Bayern Munich game (Werner-Heisenberg-Allee 25) would be fun. Going to a European soccer game, it’s just exciting. It’s a lot of fun to see these really well-dressed men and women behaving like crazy Jets fans.”

Calling all carnivores: “The really nice restaurants tend to have the kind of cuisine you’d get in Boston and everywhere else. A very Bavarian option is Haxnbauer (Sparkassenstraße 6). What you will get there is things like pig knuckles and veal joints and big slabs of meat. This is for people who want to fill up on meat and beer.”

For souvenirs: “If you’re really into beer, you can go to Wolnzach and see the Hop Museum (Elsenheimerstraße 2). You can buy hop perfume, hop pillows. I bought a little bobble head hop cone.”

(Follow us @ReutersMoney or here Editing by Lauren Young)


Source: Newsjyoti Lifestyle

Smithsonian okays selfies, bans them on a stick

(Reuters) – Millions of museum visitors in the U.S. capital will no longer be able to take pictures of themselves in front of a T-rex dinosaur using a camera mounted on a rod.

The Smithsonian Institution on Tuesday banned the use of so-called “selfie sticks” in its complex of museums, the world’s biggest, citing the need to protect visitors and museum objects, especially in crowded conditions.

“We encourage museum visitors to take selfies and share their experiences – and leave the selfie sticks in their bags,” the Smithsonian said in a statement.

The move follows similar restrictions on the tourist item at other destinations, including New York’s Metropolitan Museum of Art. It is the first change in years to the Smithsonian’s rules, amid the sudden spike in popularity of visitors wanting to capture better snapshots of themselves with the sticks.

“I can’t think of any recent change that’s been similar to this,” spokesman John Gibbons said. “I don’t think 10 years ago that you could have predicted there would even be such a thing, let alone that it would be so popular.”

Gibbons said the rule change was not inspired by any particular incident, but was meant to be preventative.

The institution already prohibits tripods, monopods and large backpacks in its complex, which groups 19 museums and galleries, the National Zoological Park and nine research centers. It had more than 28 million visits last year.

(Reporting by Anna Yukhananov; Editing by Diane Craft)


Source: Newsjyoti Lifestyle