Daily Archives: March 6, 2015

MOVES-Deutsche Bank, Barclays, Standard Chartered, Pimco

(Adds Barclays, Pimco, Standard Chartered)

(Reuters) – The following financial services
industry appointments were announced on Friday. To inform us of
other job changes, email moves@thomsonreuters.com.

FIRSTRAND LTD

The South African financial services company said Johan
Kruger would take over as chief executive from Sept. 30. Kruger
will replace Sizwe Nxasana, who is retiring after nine years at
the helm of Africa’s second-biggest banking group.

DEUTSCHE BANK AG

The bank said on Thursday that Nigel Cree and Vinod Vasan
would take on joint responsibility for coordinating its debt
capital markets origination activities to fill the gap created
by the absence of Hakan Wohlin.

BARCLAYS PLC

The bank named Larry Hamdan head of mergers and acquisitions
for the Americas. Hamdan has led the global industrials M&A
group since joining Barclays in 2010 and will continue in that
role as well.

PIMCO

The investment management firm appointed David Hammer
executive vice president and portfolio manager for municipal
bond portfolio management. Hammer, who had previously worked as
senior vice president at Pimco, left the firm in 2014 to join
Morgan Stanley as managing director, head of municipal
trading and research.

STANDARD CHARTERED PLC

The bank appointed Carlos Vahos regional chief financial
officer for the Americas.

(Compiled by Anet Josline Pinto in Bengaluru)


Source: Newsjyoti Company News

Canadian company proposes largest U.S. shopping mall in south Florida

(Reuters) – A Canadian company that owns the
largest mall in the United States is proposing a more massive
Florida shopping complex that could feature a ski slope, sea
lion shows, and a manmade lake where patrons can take submarine
rides.

Edmonton-based Triple Five Worldwide, started by Iranian rug
retailer Jacob Ghermezian, would still need to buy and rezone
the 200-acre (80-hectare) tract several miles away from downtown
Miami.

The project’s cost is estimated at $4 billion, according to
Miami-Dade County Mayor Carlos Gimenez.

The mall would be larger than Minnesota’s Mall of America,
which has more than 500 shops and 50 restaurants, according to
Triple Five.

“Like our other properties, American Dream-Miami will
generate tens of thousands of jobs and have an annual economic
impact … in the billions,” the company said in a statement.

The announcement, however, bucks the trend of shopping malls
falling out of favor across the United States as the sprawling
centers lose customers to online retailers and discount
superstores.

Of the nation’s approximately 1,100 malls, a few dozen have
shuttered in recent years and more are teetering on the brink,
said D.J. Busch, a senior analyst for real estate research
company Green Street Advisors.

“Our best guess over the next 10 years is 15 percent of the
mall stock will be closed or repurposed into something other
than retail,” he said.

However luxury malls or destination centers similar to
Triple Five’s Mall of America, which offers an indoor roller
coaster, will be the most profitable and likely to succeed,
according to Busch.

“What’s more important than ever is creating an experience,
some type of offerings that you can’t really replicate online,”
Busch said.

(Editing by David Adams and Jonathan Oatis)


Source: Newsjyoti

West Virginia bans abortions after 20 weeks over governor's veto

<span class="articleLocatio

n”>(Reuters) – The Republican-controlled West Virginia legislature on Friday banned abortions after 20 weeks of pregnancy, overriding the governor’s veto and joining 11 other states in prohibiting abortion at that point.

The state Senate voted 27-5 to override the veto by Governor Earl Ray Tomblin, a Democrat. The state House of Delegates had voted to override his veto on Wednesday.

Tomblin had rejected the measure on Tuesday. He cited constitutional concerns since the bill barred termination of some pregnancies before the fetuses were viable.

A spokesman for Tomblin said the governor wanted the ban to target a later gestational period to ensure legality. The law takes effect on May 26.

Planned Parenthood said in a statement that bans on abortion after 20 weeks had been passed in 11 other states since 2010. Idaho and Georgia have similar bans but they are not being enforced because they are undergoing legal challenges.

The reproductive health advocacy group said abortions after 20 weeks were rare and usually occurred due to maternal health risks.

Last year, eight abortions took place in West Virginia after 20 weeks, it said.

(Reporting by Elizabeth Daley in Pittsburgh; Editing by Ian Simpson and Mohammad Zargham)


Source: Newsjyoti Health

U.S. charges three in ring that stole one billion email addresses

A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in a photo illustration in Paris April 15, 2014. REUTERS/Mal Langsdon

A lock icon, signifying an encrypted Internet connection, is seen on an Internet Explorer browser in a photo illustration in Paris April 15, 2014.

Credit: Reuters/Mal Langsdon


(Reuters) – Two Vietnamese citizens and a Canadian have been charged with running a massive cyberfraud ring that stole 1 billion email addresses, then sent spam offering knockoff software products, the U.S. Department of Justice said on Friday.

The Justice Department described the hacking spree as “one of the largest” data breaches uncovered in U.S. history. It declined to name the email companies that were victimized, though it appeared that the breaches included a massive 2011 attack on email marketing firm Epsilon.

Security blogger Brian Krebs reported that Epsilon, a unit of Alliance Data Systems Corp, was among the victims. That high-profile 2011 attack was followed by a wave of customer notifications from Epsilon clients, including Citigroup Inc and JPMorgan Chase & Co. (reut.rs/1En1udF)

Krebs noted that the government’s press release said the data breach “was the subject of a congressional inquiry and testimony before a U.S House of Representatives subcommittee on June 2, 2011.” The House Energy and Commerce Committee held a hearing on that data about breaches at Sony Corp <6758.T) and Epsilon, according to Krebs.

Epsilon representatives could not be reached.

Viet Quoc Nguyen, 28, is charged with hacking at least eight email service providers between February 2009 and June 2012.

The government alleges that Nguyen and Giang Hoang Vu, 25, both Vietnamese citizens, used the stolen email addresses to identify tens of millions of people who they targeted in a spam campaign. The spam emails directed recipients to websites selling software that was falsely branded as Adobe Systems Inc’s.

Both men resided in the Netherlands. Vu, who was extradited to the United States in March of last year, pleaded guilty on Thursday to conspiracy to commit computer fraud.

Nguyen remains at large.

The other defendant, Canadian David-Manuel Santos Da Silva, 33, was charged with conspiracy to commit money laundering. He is the co-owner of a company called 21 Celsius Inc, which struck up a marketing arrangement with Nguyen and Vu to generate revenue and launder the proceeds, according to the indictment.

Court documents allege that Da Silva and Nguyen received about $2 million in commissions from the sale of the software, which they marketed as Adobe Reader 10 for $65 a copy.

Da Silva was arrested at a Florida airport last month and was set to be arraigned on Friday in Atlanta federal court, according to the Justice Department.

(Reporting by Lindsay Dunsmuir in Washington and Jim Finkle in Boston; editing by Bill Trott, Bernadette Baum, Matthew Lewis and Richard Chang)


Source: Newsjyoti Tech

San Diego museum to return artifacts seized in federal probe to Thailand

<span class="articleLocatio

n”>(Reuters) – A San Diego museum will be told to return to Thailand ancient artifacts found in a high-profile 2008 federal investigation into allegations the museum had received looted cultural treasures, authorities said on Friday.

Dozens of pieces of pottery and other items from the prehistoric settlement of Ban Chiang, a UNESCO World Heritage Site, were tagged as evidence at the Mingei International Museum during a series of raids that targeted four California museums.

The Mingei artifacts were left in the museum’s vaults for the last seven years.

“After a careful review of the matter, we are planning on lifting the ‘seizure in place’ order and directing the museum to repatriate the artifacts that we believe were illegally obtained,” said Thom Mrozek, spokesman for the U.S. Attorney’s Office in Los Angeles.

“In short, the museum will soon be informed that it should not have possession of the items and it should take immediate steps to do whatever it can to return the items to their country of origin,” he added.

Jerry Coughlan, an attorney for the Mingei, said the museum could not comment on the matter because it has yet to formally receive those instructions.

The Mingei has denied wrongdoing in accepting the artifacts, but has tightened its vetting procedures for donations since the federal investigation, according to Coughlan. No charges have been filed against the museum or any staff members.

After a five-year investigation that featured an undercover operative, federal prosecutors alleged that looted artifacts were sold to clients who then donated them to museums at overstated appraisals to secure higher tax breaks.

Last year, hundreds of pieces of Ban Chiang tools, beads, pottery and bronze items at the Bowers Museum in Santa Ana, California, were returned to Thailand under a non-prosecution agreement between the museum and the U.S. attorney, according to Mrozek.

(Editing by Cynthia Johnston and Mohammad Zargham)


Source: Newsjyoti Lifestyle

Diabetics can avoid problems with attention to heart risks

Even if they haven’t been diagnosed with heart disease, diabetics with classical heart-risk factors like smoking and elevated “bad” cholesterol are at heightened risk of serious heart-related “events” and death, according to a new study.

Among people with diabetes but not heart disease, researchers linked more than a third of cardiovascular “events” – such as heart attack and stroke – and 7 percent of deaths to inadequate control of heart risk factors.

That means those cardiac events and deaths might have been avoided with better control of the known risk factors, the study team writes in Diabetes Care.

“The take home message from this study is that adults with diabetes can reduce their risk of cardiovascular events, and patients should work together with their provider to set a care plan including goals and strategies to reduce modifiable risk factors,” said lead author Gabriela Vazquez-Benitez, a research investigator at HealthPartners Institute for Education and Research in Minneapolis, Minnesota.

“This can include regular care visits, screening, laboratory, weight, and blood pressure,” she told Reuter’s Health in an email.

The risk factors for cardiovascular problems in diabetes are well known and include high blood pressure, smoking and poor control of blood sugar. If more attention were paid to these risk factors, the rate of cardiovascular problems and death could be substantially reduced, the study team argues.

There are nearly 25 million Americans with diabetes and if current trends continue, more than one in three adults are projected to develop the disease.

Stroke and coronary heart disease are the major causes of complications, deaths and healthcare costs in adults with diabetes, they write.

The authors point out that medical advances have improved the health of people with diabetes, especially when it comes to cardiovascular problems. But for people with diabetes as a group, the burden of cardiovascular problems remains very high.

In their study, Vaquez-Benitez and her team analyzed data on nearly 860,000 adults with diabetes.

They looked at rates of major cardiovascular complications such as heart attacks and heart failure, as well as deaths from all causes, plus four risk factors: blood pressure, levels of LDL cholesterol, smoking and blood sugar levels over the months.

The authors emphasize that overall rates of major cardiovascular complications and deaths were “substantially higher” in people with diabetes who already had heart disease, compared to those without it.

But delaying diabetes complications is possible, Vazquez-Benitez said, not only for cardiovascular events but for problems like nerve damage and kidney disease.

“Although there is a genetic component of diabetes, there are modifiable risk factors that can reduce risk of heart attack, stroke and death,” said Deborah Greenwood, a registered nurse and president of the American Association of Diabetes Educators. Lowering blood sugar, LDL cholesterol and blood pressure, as well as quitting smoking can greatly reduce risk, she said.

All adults over 45 should be screened for diabetes so it can be diagnosed and treated early, said Greenwood, who was not involved in the study. For most people with so-called pre-diabetes, she pointed out, losing 5 to 7 percent of body weight and doing 150 minutes of physical activity per week could avert progression to full-blown diabetes.

She also emphasized the importance of participating in diabetes self-management education and partnering with a credentialed diabetes educator to change behaviors and improve modifiable risk factors. “A diabetes educator will work with you to develop a plan specifically tailored to your individual needs, preferences and lifestyle to ensure success,” Greenwood said.

SOURCE: bit.ly/1zYWcys Diabetes Care, online February 20, 2015.


Source: Newsjyoti Health

WRAPUP 6-U.S. labor market flexes muscles as February payrolls soar

(Adds Fed rate poll, updates markets to close)

* Nonfarm payrolls rise 295,000 in February

* Unemployment rate falls to 5.5 percent from 5.7 percent

* Average hourly earnings rise three cents

* Trade deficit narrows to $41.8 billion in January

By Lucia Mutikani

WASHINGTON, March 6 (Reuters) – U.S. employers stepped up
hiring in February and the jobless rate fell to its lowest level
since the spring before President Barack Obama took office,
which could put pressure on the Federal Reserve to raise
interest rates in June.

Nonfarm payrolls increased 295,000 last month after rising
239,000 in January, the Labor Department said on Friday. The
broad job gains came despite disruptive winter weather that took
hold across large parts of the country in mid-February.

The unemployment rate dropped two-tenths of a percentage
point to 5.5 percent, the lowest since May 2008, slipping into
territory that some Fed officials consider consistent with full
employment.

“The labor market is on a roll. This should ease fears at
the Fed that the global downturn and sharp drop in oil prices
are materially disrupting the U.S. economic outlook, and keep
the Fed firmly on course for a June lift-off,” said Scott
Anderson, chief economist at Bank of the West in San Francisco.

U.S. stocks and shorter-dated government bonds fell sharply
as traders brought forward bets on when the Fed would raise
rates. The dollar hit an 11-1/2-year high against the euro,
which has been under pressure since the European Central Bank
announced a bond-buying program to lower euro zone borrowing
costs.

Last month’s decline in the unemployment rate, however,
largely reflected people dropping out of the labor force.

But economists, who had expected payrolls to rise only
240,000 and the unemployment rate to fall to 5.6 percent, noted
that other indicators monitored by the U.S. central bank showed
a rapidly tightening labor market.

February marked the 12th straight month that employment
gains have been above 200,000, the longest such run since 1994.

Average hourly earnings rose by three cents last month,
leaving the year-on-year gain at 2 percent. That compared to a
2.2 percent rise seen in the 12 months through January.

While economists acknowledged that persistently sluggish
wage growth and very benign inflation argued against the Fed
pulling the trigger in June, they said tightening conditions in
the labor market could force the central bank’s hand.

A Reuters survey of 16 large banks conducted after the jobs
report found that many economists expect a June rate hike.

“Even if the Fed decides to delay the lift-off in policy, it
is hard to see the downward trend in unemployment not
continuing,” said Jeremy Lawson, chief economist at Standard
Life Investments in Edinburgh, Scotland.

“Will the Fed really want short-term interest rates to be
negative when the unemployment rate falls below 5 percent late
this year or early next year?”

WAGE VIGIL

Fed officials are monitoring pay data closely to help
determine when enough pressure has built in the jobs market to
merit higher borrowing costs to keep the economy from
overheating.

The central bank has kept its key overnight lending rate
near zero since December 2008.

Wage growth could get a lift from an announcement last month
by Wal-Mart, the world’s largest retailer, that it would
spend more than $1 billion this year to increase wages for about
40 percent of its U.S. workforce.

Other companies including TJX Cos Inc and health
insurer Aetna also have announced pay increases.

The closely followed employment report was released a little
more than a week before the Fed’s March 17-18 policy meeting.
Many economists expect the central bank could signal its
openness to a June rate hike by dropping a pledge to be
“patient” in considering such a move.

“It is most likely they will drop ‘patience’ in March,” said
Samuel Coffin, an economist at UBS in Stamford, Connecticut.

February’s sturdy jobs report reinforces the view that a
recent cooling in economic growth reflects temporary factors,
such as harsh winter weather and a now-settled labor dispute at
West Coast ports.

That dispute weighed on exports and imports in January as
the trade deficit narrowed by $3.8 billion to $41.8 billion, a
separate report from the Commerce Department showed.

While the labor force participation rate, or the share of
working-age Americans who are employed or at least looking for a
job, fell one-tenth of a percentage point to 62.8 percent last
month, other measures on the Fed’s so-called dashboard improved.

A broad measure of joblessness that includes people who want
to work but have given up searching and those working part-time
because they cannot find full-time employment fell to its lowest
level since September 2008.

The number of Americans unemployed for 27 weeks or longer
also dropped to a six-year low.

Overall, private payrolls increased 288,000 last month, with
construction employment rising 29,000. Manufacturing payrolls
were up 8,000 and government employment jumped 7,000.

There were hefty gains in retail payrolls, while employment
in the leisure and hospitality sector recorded its largest
increase since August 2012.

The mining sector saw an acceleration in job losses last
month, with payrolls posting their biggest decline since August
2009. It was hurt by a loss of 1,100 jobs tied to oil and gas
extraction, which has taken a hit from lower crude oil prices.

(Reporting by Lucia Mutikani; Editing by Paul Simao)


Source: Newsjyoti

FDA issues mobile app to search for drug shortages

File photo of the U.S. Food and Drug Administration (FDA) logo at the lobby of its headquarters in Silver Spring, Maryland August 14, 2012. REUTERS/Jason Reed

File photo of the U.S. Food and Drug Administration (FDA) logo at the lobby of its headquarters in Silver Spring, Maryland August 14, 2012.

Credit: Reuters/Jason Reed


The U.S. Food and Drug Administration this week issued a mobile app specifically for searching for information about drug shortages.

App users can identify current drug shortages, resolved shortages, and drug discontinuations. Drug shortages can delay or deny patient care and known shortages may lead doctors to rely on alternatives that may be riskier or less effective.

The app is available at Google Play for Android devices (bit.ly/1wVpblF) and at iTunes for Apple devices (apple.co/18PDRgN).

“The FDA understands that health care professionals and pharmacists need real-time information about drug shortages to make treatment decisions,” Valerie Jensen, associate director of the Drug Shortage Staff in the FDA’s Center for Drug Evaluation and Research, said in a news release.

App users can browse using a drug’s generic name or active ingredient, or by therapeutic category. Users can also report a suspected drug shortage or other issue to the FDA.


Source: Newsjyoti Health

Texas man jailed for sending harassing emails to Yahoo CEO

AUSTIN, Texas Sat Mar 7, 2015 2:21am IST

Yahoo CEO Marissa Mayer speaks before the session ''In Tech We Trust'' in the Swiss mountain resort of Davos January 22, 2015. REUTERS/Ruben Sprich

Yahoo CEO Marissa Mayer speaks before the session ”In Tech We Trust” in the Swiss mountain resort of Davos January 22, 2015.

Credit: Reuters/Ruben Sprich

Related Topics

Stocks

   

AUSTIN, Texas (Reuters) – A man previously convicted of harassing Yahoo Inc (YHOO.O) Chief Executive Officer Marissa Mayer has been arrested by Austin police on suspicion of sending her sexually graphic emails, according to police records released on Friday.

Gregory Calvin King, 30, was booked on Thursday into the Travis County Jail with bond set at $100,000. No lawyer was listed for him, according to online records.

He was charged with stalking, a second-degree felony that can carry a punishment of two to 20 years in jail.

King was sentenced in a California court in 2012 to three years probation for harassing Mayer. His probation was revoked after he was found to have violated its provisions and in 2014 King was ordered to be sent to a federal prison, according to court records.

After his release in February, King sent more than 60 messages to Mayer from several locations in the Texas capital, including “unwanted and sexually graphic emails,” a police arrest affidavit said.

King had also been under surveillance by security personnel for Sunnyvale, California-based Yahoo since he entered Austin, it said.

(Reporting by Jon Herskovitz; Editing by Grant McCool and Eric Beech)

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Source: Newsjyoti India Technology

For upper-body warm-ups, stretch multiple muscles at once

Stretches that work several muscle groups at once are great for upper-body warm-ups before a workout, an Australian study finds.

Although athletes and coaches often swear by stretching, many common pre-workout routines may not actually enhance performance, said lead author Matt McCrary, a master’s degree candidate at the University of Sydney.

Higher load dynamic warm-ups are “the best bet” in most situations, said McCrary. For the upper body, these include push-ups, dumbbell back flys, and resisted lateral raises, he told Reuters Health by email.

Dynamic stretches focus on getting the blood flowing and increasing range of motion by using multiple muscle groups simultaneously. Unlike static stretches, which generally involve holding a single pose for a minute or two, dynamic stretches use a series of controlled movements.

To analyze the effect of upper body warm-ups, McCrary and colleagues reviewed findings from 31 past studies.

The review, published in the British Journal of Sports Medicine, included 628 people playing sports at many levels, from youth leagues to college athletics and adults in recreational activities. Most studies involved sports where upper body strength is essential, such as baseball, football, tennis, golf, kayaking and shot put.

The review found that high-intensity dynamic stretching improved strength and flexibility while delaying muscle soreness.

But low-intensity stretching had little effect on performance, which agrees with previous research on upper body warm-ups, McCrary said.

“Flexibility increases are generally unrelated to any type of performance improvements,” he noted.

Heating and cooling during a warm-up also does little to improve performance, the study found. While applying heat to specific muscles before strenuous activity may minimize the loss of flexibility in the days following the workout, this practice didn’t show other benefits.

And for baseball players, batting warm-ups didn’t work as well when bats were much lighter or heavier than those used during games.

“This runs somewhat contradictory to the prevailing narrative that higher load warm-up is better than lower load warm-up,” McCrary said. “The two theories here are that warm-up swings with a heavier weight bat significantly and sub-optimally alter swing mechanics and/or that a resisted movement longer in duration than a baseball bat swing is necessary to produce a warm-up effect.”

While high intensity dynamic stretching can help elite and professional athletes, the same warm-ups may not be a good idea for more casual exercisers, said Dr. Kazuki Takizawa, an associate professor of sports training science and exercise physiology at Hokkaido University in Japan.

“Warm-up exercises may reduce injury by improving performance for serious athletes,” Takizawa said in an email. “But recreational athletes and weekend warriors are at a lower physical fitness level, especially in aerobic capacity, and they may fatigue by warm-up exercise and reduce performance.”

Takizawa also made a distinction between endurance sports like long-distance running or cycling and more intense activities done for shorter periods.

“Short-term, high intensity exercises need vigorous warm-up,” Takizawa said. “But long-term endurance exercises do not.”

Because the study didn’t look specifically at injury prevention, it’s impossible to say for sure how intense dynamic stretching or other warm-ups might affect the risk for injuries, McCrary said.

“We haven’t really zeroed in on what kinds of warm-ups best prevent injuries,” he said. “Anecdotally, I feel like warm-ups definitely do play a role in injury prevention, however, further study is required before I’d be able to confidently make any recommendations or explain how or why this is the case.”

SOURCE: bmj.co/18VhZAH British Journal of Sports Medicine, online February 18, 2015.


Source: Newsjyoti Health