India Ink: Pocket Guide to the Jaipur Literature Festival

India Ink asked writers, publishers, literary agents and fans of the five-day Jaipur Literature Festival what events they are most looking forward to this year. Here are their responses:

Samanth Subramanian, the Indian correspondent for The National and the author of “Following Fish: Travels around the Indian Coast.”

Friday, January 25

10 a.m.-11 a.m.: “The Writer and the State” — Ariel Dorfman, Frank Dikotter, Ian Buruma, Selma Dabbagh and Sudeep Chakravarti in conversation with Timothy Garton Ash

I once directed a play written by Ariel Dorfman, which was relentless in probing issues of guilt and revenge. Ian Buruma’s “The Wages of Guilt” was my first model for the book I’m currently working on. I’m very keen to hear what they both have to say about the state and its relationship to art.

12:30 p.m.-1:30 p.m.: “What is a Classic?” — Anish Kapoor, Elif Batuman, Tom Holland, Christopher Ricks and Ashok Vajpeyi in conversation with Homi Bhabha

A wonderfully multidisciplinary panel, featuring a sculptor, a nonfiction writer, a poet, a literary critic and a literary theorist, all putting their minds to answer a question as old as time.

Sunday, January 27

10 a.m.-11 a.m.: “The Global Soul and the Search for Home” — Pico Iyer, Abraham Verghese, Laleh Khadivi, Akash Kapur and Sadakat Kadri, moderated by Aminatta Forna

My favorite book of 2012 was Pico Iyer’s “The Man Within My Head,” and I’m always interested in the animating question of our restless age: if we are everywhere at once, where do we belong?

Namita Devidayal, journalist with The Times of India and author of “The Music Room” and “After Taste”

Thursday, January 24

12:30 p.m.-1:30 p.m.: “The Man Within My Head” — Pico Iyer in conversation with Akash Kapur

Where Pico Iyer unravels the mysterious closeness he has always felt with the writer Graham Greene – their old-school education and their lifelong restlessness. I am an enormous fan of both writers. In this session, Pico Iyer talks to Akash Kapur on how literature can impact the reader’s inner life.

2:15 p.m.-3:15 p.m: “Kinships of Faiths: Finding the Middle Way” — the Dalai Lama in conversation with Pico Iyer

The eternally inspiring and loving Dalai Lama in conversation with Pico Iyer, his friend and biographer.

3:30 p.m.-4:30 p.m.: “Cutting for Stone” — Abraham Verghese in conversation with Rick Simonson

Abraham Verghese, whose memoir “My Own Country” had a profound impact on me, talks about his life between writing and medicine.

Besides these, I am always excited about my two favorite evening events — the Random House party and the Penguin party.

Priyanka Malhotra, chief executive of Full Circle, official book partner for Jaipur Literary Festival

We have been coming to the festival for the last four years, and this year there are more authors attending the festival than ever before. Some authors that I’m looking forward to hearing are Pico Iyer, Victor Chan, Ranjini Obeyesekere, Mahasweta Devi, Ambai, Elif Batuman and so many more.

Friday, January 25

6 p.m.-7 p.m.: “The Jewish Novel” — Linda Grant, Howard Jacobson, Gary Shteyngart and Andrew Solomon moderated by Jonathan Shainin

Saturday, January 26

10 a.m.-11 a.m.: “Republic of Ideas” — Patrick French, Ashis Nandy, Ashutosh, Tarun Tejpal and Richard Sorabji in conversation with Urvashi Butalia

Monday, January 28

3:30 p.m.-4:30 p.m.: “The Art of Historical Fiction” — Linda Grant, Madeline Miller, Philip Hensher, Lawrence Norfolk in conversation with Jeet Thayil

Mita Kapur, chief executive of Siyahi, a literary agency

Thursday, January 24

11:15 a.m.-12:15 p.m.: “The Global Shakespeare: — Christopher Ricks, Tim Supple, Elif Batuman, Chandrahas Choudhury and Anjum Hasan, moderated by Supriya Nair

2:15 p.m.-3:15 p.m.: “Beyond the Khyber: The Future of Afghanistan” — Edward Girardet, Jason Burke, Lucy Morgan Edwards, moderated by Faisal Devji

5 p.m.-6 p.m: “Colliding Worlds: The Quest for Justice” — Binayak Sen, Ilina Sen, Harsh Mander and Rohini Nilekani in conversation with Surina Narula

6 p.m.-7 p.m: “The Novel of the Future” — Mohammed Hanif, Howard Jacobson, Nadeem Aslam, Linda Grant, Lawrence Norfolk and Zoe Heller in conversation with Anita Anand

Friday, January 25

11: 15 a.m.-12:15 p.m.: “Laughing, Weeping, Writing” — Manu Joseph, Mohammed Hanif, Gary Shteyngart and Deborah Moggach in conversation with Ashok Ferrey

12:30 p.m.-1:30pm: “What is a Classic?” Anish Kapoor, Elif Batuman, Tom Holland, Christopher Ricks and Ashok Vajpeyi in conversation with Homi Bhabha

Chiki Sarkar, publisher of Penguin Books India

Each year, I make sure we launch one debut writer for Jaipur Lit Fest. This year it’s a brilliant young writer called Anjan Sunderam, who everyone from Pico Iyer to Pankaj Mishra has been raving about. He’s been hailed as a young Kapuscinski and his book, “Stringer,” is about a year and a half he spent in Congo. He’ll be at a few events, and I’ll be his loyal groupie.

Saturday, January 26

3:30pm-4:30 p.m.: “Out of Africa” — Aminatta Forna, Anjan Sundaram and Mary Harper in conversation with Kwasi Kwarteng

Sunday, January 27

12:30pm- 1.30pm: ‘Dispatches’ Anjan Sundaram, Jason Burke, Lucy Morgan Edwards and Edward Girardet in conversation with Madhu Trehan

I’m a great admirer of Elif Batuman’s writing for The New Yorker and am currently reading and loving her marvelous book on Russian literature called “The Possessed.” It combines erudition, passion and also wit, charm and quirkiness – not qualities you usually associate with a book of literary essays. I can’t wait to see what she’s like on stage.

Thursday, January 24

11:15 a.m.-12:15 p.m.: “The Global Shakespeare” — Christopher Ricks, Tim Supple, Elif Batuman, Chandrahas Choudhury and Anjum Hasan, moderated by Supriya Nair

Friday, January 25

12:30 p.m.-1:30 p.m: “What is a Classic?’ Anish Kapoor, Elif Batuman, Tom Holland, Christopher Ricks and Ashok Vajpeyi in conversation with Homi Bhabha

Sunday, January 27

10 a.m.-11 a.m.: “Natasha’s Dance: Adventures with Russian Books” — Orlando Figes and Elif Batuman in conversation with John Kampfner

When I looked through the program, my eye was immediately caught by the James Bond session. I love the Bond books and spent a summer reading them all and am really looking forward to this one.

Friday, January 25

12:30 p.m.-1:30 p.m.: “007: Ian Fleming and the Making of James Bond” — Andrew Lycett and Sebastian Faulks introduced by Zac O’Yeah

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Google’s 4Q earnings rise despite Motorola woes






SAN FRANCISCO (AP) — Google eked out slightly higher earnings in the fourth quarter, despite a financial drag caused by the Internet search leader’s expansion into device manufacturing and a decline in digital ad prices as more people gaze into the smaller screens of smartphones.


The results announced Tuesday pleased investors, helping to lift Google’s stock by 5 percent in extended trading.






More advertising poured into Google during the holiday shopping season, fueling a moneymaking machine that has steadily churned out higher profits since the company went public in 2004. Google’s fourth-quarter ad revenue totaled $ 12.1 billion, a 19 percent increase from the previous year.


Some of that money, though, has been shifting away from personal computers as advertisers try to connect with an expanding audience that relies on smartphones and tablet computers to reach Google’s search engine, email and other online services. By some estimates, about one-fourth of the clicks on Google’s search ads are now coming from mobile devices.


So far, advertisers have been unwilling to pay as much money to market their wares on mobile devices, largely because the smaller screens leave less room for commercial links and other marketing messages. The trend is one of the reasons that the average price for the ads that Google shows next to its search results has fallen from the previous year in five consecutive quarters, including the final three months of last year.


In a positive sign, though, Google’s average ad prices in the most recent quarter dropped by just 6 percent from the same period in 2011. That’s the smallest decline during the pricing downturn, raising hopes that Google may be starting to solve the pricing problems posed by the growing usage of mobile devices.


In a conference call Tuesday, Google CEO Larry Page predicted ad prices will gradually rise as the devices become even more sophisticated to unleash new ways to reach potential customers at the times they are most likely to buy something.


“In today’s multi-screen world, the opportunities are endless,” Page said.


Google earned nearly $ 2.9 billion, or $ 8.62 per share, during the fourth quarter. That compared to net income of $ 2.7 billion, or $ 8.22 per share, at the same time last year.


If not for the costs of employee stock compensation and certain other accounting items, Google said it would have earned $ 10.65 per share. On that basis, Google exceeded the average earnings estimate of $ 10.54 among analysts surveyed by FactSet.


It proved to be a difficult quarter to decipher because of an accounting quirk and the additions of new business lines that muddied the comparisons with the previous year.


For instance, Google Inc. didn’t own Motorola Mobility in 2011, having completed its $ 12.4 billion acquisition of the troubled handset maker eight months ago. What’s more, the Google is bringing in more revenue from tablet computers, which it began selling under the Nexus brand during the final half of last year.


Things were further complicated by Google’s recent agreement to sell a part of the Motorola Mobility division that makes cable TV boxes. That division is now accounted for as a discontinued operation whose revenue wasn’t booked in the latest quarter, even though it will remain a part of Google until the $ 2.35 billion sale is completed later this year.


Under that equation, revenue surged 36 percent from the previous year to $ 14.4 billion.


After subtracting advertising expenses, Google’s revenue totaled $ 11.3 billion. That figure was well below the average analyst estimate of $ 12.1 billion, according to FactSet.


But many of the analyst forecasts included revenue from Motorola Mobility’s set-top division, which Google excluded from its breakdown. Had the set-top division been included in Google’s accounting, the company’s net revenue would have matched analyst estimates.


The performance boosted Google’s stock by $ 35.33 to $ 738.20 in Tuesday’s extended trading.


Google would be doing even better if not for problems at Motorola Mobility, a cellphone pioneer that has been struggling since Apple revolutionized the industry with the release of the iPhone in 2007.


Motorola Mobility suffered an operating loss of $ 353 million on revenue of $ 1.5 billion in the fourth quarter


Google has been able to offset the slump in its search advertising prices by selling more video advertising on its YouTube subsidiary and other more graphical forms of marketing. The number of clicks on Google ads has still been rising, too. That’s important because the company typically gets paid by the click. In the fourth quarter, Google’s total ad clicks rose 24 percent from the previous year.


To gain a foothold in the mobile market, Google bakes its services into its Android software, an operating system that it gives away to makers of smartphones and tablets.


Android is now powers more than 500 million mobile devices worldwide, giving it a wide lead over Apple’s software for iPhones and iPads. Through September, Apple had shipped about 370 million iPhones and iPads. Apple Inc., which has morphed from a Google ally to bigger rival in the past five years, is scheduled to release its fourth-quarter results after the stock market closes Wednesday.


Google, which is based in Mountain View, Calif., didn’t update how many more Android devices were activated in the fourth quarter..


Wireless News Headlines – Yahoo! News





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Paula Deen: How My Whole Family Got Fit!















01/23/2013 at 07:45 AM EST



Paula Deen is the first one to admit: "When I first found out I was diabetic, I had no solutions. I couldn’t even help myself, much less somebody else." 

Now – one year after she announced her Type 2 diabetes diagnosis to a mix of criticism and support – Deen is not only showcasing how she trimmed off 40 lbs. 

In this week's issue, the 66-year-old Food Network star invited PEOPLE into her Savannah home to share how her family members adopted different weight loss strategies and lost an astounding 178 lbs. total.

By figuring out a diet plan that works for their particular schedule and lifestyle, Deen's husband Michael Groover shed 60 lbs., her oldest son Jamie got rid of an excess 45 lbs., and her youngest son Bobby maintained his 33-lb. loss.

But no one sacrificed their love of Southern food. Instead they learned to stick to Deen's new mantra. "Moderation, moderation, moderation," says Deen, whose new cookbook The New Testament due out this fall will include her go-to recipes and tips. "I love feeding people but now I also want to help people eat right."

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Foes of NYC soda size limit doubt racial fairness


NEW YORK (AP) — Opponents of the city's limit on the size of sugary drinks are raising questions of racial fairness alongside other complaints as the novel restriction faces a court test.


The NAACP's New York state branch and the Hispanic Federation have joined beverage makers and sellers in trying to stop the rule from taking effect March 12. With a hearing set Wednesday, critics are attacking what they call an inconsistent and undemocratic regulation, while city officials and health experts defend it as a pioneering and proper move to fight obesity.


The issue is complex for the minority advocates, especially given obesity rates that are higher than average among blacks and Hispanics, according to the federal Centers for Disease Control. The groups say in court papers they're concerned about the discrepancy, but the soda rule will unduly harm minority businesses and "freedom of choice in low-income communities."


The latest in a line of healthy-eating initiatives during Mayor Michael Bloomberg's administration, the beverage rule bars restaurants and many other eateries from selling high-sugar drinks in cups or containers bigger than 16 ounces. Violations could bring $200 fines; the city doesn't plan to start imposing those until June.


The city Board of Health OK'd the measure in September. Officials cited the city's rising obesity rate — about 24 percent of adults, up from 18 percent in 2002 — and pointed to studies linking sugary drinks to weight gain. Care for obesity-related illnesses costs more than $4.7 billion a year citywide, with government programs paying about 60 percent of that, according to city Health Commissioner Dr. Thomas Farley.


"It would be irresponsible for (the health board) not to act in the face of an epidemic of this proportion," the city says in court papers. The National Association of Local Boards of Health and several public health scholars have backed the city's position in filings of their own.


Opponents portray the regulation as government nagging that turns sugary drinks into a scapegoat when many factors are at play in the nation's growing girth.


The American Beverage Association and other groups, including movie theater owners and Korean grocers, sued. They argue that the first-of-its-kind restriction should have gone before the elected City Council instead of being approved by the Bloomberg-appointed health board.


Five City Council members echo that view in a court filing, saying the Council is "the proper forum for balancing the city's myriad interests in matters of public health." The Bloomberg administration counters that the health board, made up of doctors and other health professionals, has the "specialized expertise" needed to make the call on limiting cola sizes.


The suit also argues the rule is too narrow to be fair. Alcohol, unsweetened juice and milk-based drinks are excluded, as are supermarkets and many convenience stores — including 7-Eleven, home of the Big Gulp — that aren't subject to city health regulations.


The NAACP and the Hispanic Federation, a network of 100 northeastern groups, say minority-owned delis and corner stores will end up at a disadvantage compared to grocery chains.


"This sweeping regulation will no doubt burden and disproportionally impact minority-owned businesses at a time when these businesses can least afford it," they said in court papers. They say the city should focus instead on increasing physical education in schools.


During Bloomberg's 11-year tenure, the city also has made chain restaurants post calorie counts on their menus and barred artificial trans fats in french fries and other restaurant food.


In general, state and local governments have considerable authority to enact laws intended to protect people's health and safety, but it remains to be seen how a court will view a portion-size restriction, said Neal Fortin, director, Institute for Food Laws and Regulations at Michigan State University.


___


Follow Jennifer Peltz at http://twitter.com/jennpeltz


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Stock futures flat, but techs rally in preopen trade


NEW YORK (Reuters) - Stock index futures were flat on Wednesday, with investors reluctant to make big bets following a five-day rally that took major averages to levels not seen since December 2007.


Tech shares will be in focus following strong results from both IBM and Google, which rallied in premarket and continued the string of major companies outperforming following results.


Investors were also cautious as they awaited another onslaught of earnings reports, including from Dow components McDonald's Corp and United Technologies . Apple Inc reports after the market closes and investors will scour that report for signs the company can continue to grow at an accelerated pace.


Google Inc rose 5.1 percent to $738.61 in light premarket trading a day after the search giant's core Internet business outpaced expectations. Revenue was also higher than expected.


International Business Machines Corp late Tuesday forecast better-than-anticipated 2013 results and also posted fourth-quarter earnings and revenue that beat expectations. The results helped to allay concerns about the tech sector that arose when Intel Corp gave a weak outlook last week. IBM, which is a Dow component, rose 3.9 percent to $203.81 before the bell.


According to the latest Thomson Reuters data, of the 74 S&P 500 companies that have reported earnings so far, 62.2 percent have topped expectations, roughly even with the 62 percent average since 1994, but below the 65 percent average over the past four quarters.


Overall, S&P 500 fourth-quarter earnings are forecast to have risen 2.6 percent. That estimate is above the 1.9 percent forecast from the start of earnings season, but well below the 9.9 percent fourth-quarter earnings forecast from October 1, the data showed.


S&P 500 futures fell 1.8 point and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures were flat points and Nasdaq 100 futures rose 3.5 points.


Both the S&P 500 and Dow Jones industrial average hit five-year closing highs on Tuesday, and recent gains have largely been fueled by a strong start to the earning season. The S&P has jumped 6.4 percent over the past four weeks.


Republican leaders in the U.S. House of Representatives aim on Wednesday to pass a bill to extend the U.S. debt limit by nearly four months, to May 19. The White House welcomed the move, saying it would remove uncertainty about the issue.


The debt limit issue has been viewed as a market overhang for the past few weeks, with many investors worried that if no deal is reached to raise the limit, it could have a negative impact on the economy.


Bank and commodity shares led the benchmark Standard & Poor's 500 Index to a fresh five-year closing high on Tuesday on hopes that the global economy continues to mend.


(Editing by W Simon)



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DealBook: China’s Focus on Aerospace Raises Security Questions

TIANJIN, China — When Airbus executives arrived here seven years ago scouting for a location to assemble passenger jets, the broad, flat expanse next to Tianjin Binhai International Airport was a grassy field.

Now, Airbus, the European aerospace giant, has 20 large buildings and is churning out four A320 jetliners a month for mostly Chinese state-controlled carriers. The company also has two new neighbors — a sprawling rocket factory and a helicopter manufacturing complex — both producing for the Chinese military.

The rapid expansion of civilian and military aerospace manufacturing in Tianjin reflects China’s broader ambitions.

As Beijing’s leaders try to find new ways to invest $3 trillion of foreign reserves, the country has been aggressively expanding in industries with strong economic potential. The Chinese government and state-owned companies have already made a major push into financial services and natural resources, acquiring stakes in Morgan Stanley and Blackstone and buying oil and gas fields around the world.

Aerospace represents the latest frontier for China, which is eyeing parts manufacturers, materials producers, leasing businesses, cargo airlines and airport operators. The country now rivals the United States as a market for civilian airliners, which China hopes to start supplying from domestic production. And the new leadership named at the Party Congress in November has publicly emphasized long-range missiles and other aerospace programs in its push for military modernization.

If Boeing’s difficulties with its recently grounded aircraft, the Dreamliner, weigh on the industry, it could create opportunity. Chinese companies, which have plenty of capital, have been welcomed by some American companies as a way to create jobs. Wall Street has been eager, too, at a time when other merger activity has been weak.

Washington is trying to figure out what to do about China’s deal-making broadly. “Many of these transactions raise important security issues for our country,” said Michael R. Wessel, a member of the U.S.-China Economic and Security Review Commission, which was created by Congress to monitor the bilateral relationship. “China’s interest in promoting these investments isn’t necessarily consistent with our own interests, and it’s appropriate to thoroughly examine the transactions.”

In aerospace, the Chinese deal-makers have deep ties to the military, raising additional issues for American regulators. The main contractor for the country’s air force, the state-owned China Aviation Industry Corporation, known as Avic, has set up a private equity fund to purchase companies with so-called dual-use technology that has civilian and military applications, with the goal of investing as much as $3 billion. In 2010, Avic acquired the overseas licensing rights for small aircraft made by Epic Aircraft of Bend, Ore., using lightweight yet strong carbon-fiber composites — the same material used for high-performance fighter jets.

Provincial and local government agencies in Shaanxi Province, a hub of Chinese military aircraft testing and production, have set up another fund of similar size for acquisitions. Last month, a consortium of Chinese investors, including the Shaanxi fund, struck a $4.23 billion deal with the American International Group to buy 80 percent of the International Lease Finance Corporation, which owns the world’s second-largest passenger jet fleet.

“There has always been an obvious cross-fertilization of ideas, expertise and money between the civilian and military,” said Martin Craigs, a longtime aerospace executive in Asia who is now the chairman of the Aerospace Forum Asia, a nonprofit group in Hong Kong. He added that Chinese companies had been actively hiring senior American and European aerospace engineers, so national security concerns could be quelled some by hiring the right people.

The push into aerospace coincides with growing worries in the West and across Asia about China’s increasingly assertive territorial claims, including the dispatch of Chinese warships to waters long patrolled by Japan, the Philippines and Vietnam.

Coincidentally, hours after the A.I.G. deal was announced, two Chinese navy destroyers and two frigates showed up in disputed waters patrolled by Japan. China and Japan have stepped up public criticisms of each other since. And the Obama administration has begun a strategic “pivot,” shifting military forces from the Mideast back to the western Pacific, a move that Chinese officials have criticized as an attempt to contain their country.

Such confrontations in the region are drawing attention to China’s deal-making ambitions.

In October, a $1.79 billion bid by a business linked to Beijing’s municipal government to acquire the corporate jet and propeller plane operations of bankrupt Hawker Beechcraft in Wichita, Kan., fell apart over national security concerns in Washington. Executives found it hard to disentangle the civilian operations from the company’s military contracting business.

But many aerospace experts predict that Chinese investors and companies will find ways to appease American regulators. “There will be concerns undoubtedly and generally quite valid, but the commercial imperatives are such that people will find a way around them,” said Peter Harbison, the chairman of CAPA-Center for Aviation, a global aerospace consulting firm.

The sale of A.I.G.’s leasing business is expected to face scrutiny by the Committee on Foreign Investment in the United States, the government panel that reviews the national security implications of deals involving foreign buyers.

The group’s customers include many of the largest carriers in the United States, and the federal government has long counted on being able to use civilian passenger jets to transport troops overseas during a national emergency. When Saddam Hussein sent the Iraqi army into Kuwait in 1990, the Defense Department relied on the emergency mobilization of civilian jetliners to ferry 60 percent of the soldiers sent to and from the Mideast during the first Persian Gulf war and a quarter of the cargo, according to a RAND study.

Henri Courpron, the chief executive of A.I.G.’s International Lease Finance Corporation, said that he did not believe the United States should be concerned that the acquisition would prevent civilian aircraft from being available in a future crisis. Only 8 percent of the company’s aircraft are currently leased to American air carriers, and most of these are narrow-body aircraft that lack the range to ferry troops across oceans.

“It’s really a nonissue — we have 900-plus aircraft in our fleet, and there are only 11 wide bodies” currently being leased to American carriers, he said in a telephone interview. He added that the carriers have control over the aircraft during the leases. Executives from the consortium buying the stake in the leasing company declined repeated requests for interviews.

Chinese suitors in the aerospace industry understand the concerns. In part, they watched the experience in the natural resources industry. The China National Offshore Oil Corporation failed in its 2005 bid to acquire Unocal after intense political opposition. After that, Chinese energy giants have been more cautious, pursuing minority stakes in the United States and limiting their outright acquisitions.

Chinese companies are taking a similar tack in aerospace, pursuing joint ventures and technical cooperation agreements alongside acquisitions. For example, Avic is working with General Electric and other American aerospace companies on the production of a civilian jetliner, the C919. Beijing envisions the narrow-body C919 as the next step toward building a domestic aerospace business that can compete with Boeing and Airbus.

Western companies and their advisers say that they are acutely aware that technology transfers could help China strengthen its military and develop more competitive civil airplanes, and are taking precautions to protect trade secrets and national security. “You transfer the part that is most easily reverse engineered, or easily dissected,” said a lawyer with detailed knowledge of these transactions.

But many in the aerospace sector are more skeptical that the West can avoid losing control of technology. “The mentality is, they’re going to find a way to get there anyway, and we may as well get there with them,” Mr. Harbison of the CAPA-Center for Aviation said.

Airbus executives say that they are being prudent. They add that there are few trade secrets about the A320 manufactured here, an aircraft that was designed in 1986. “The A320 is well known all over the world,” said Jean-Luc Charles, the general manager of Airbus’s operations here.

A tour of the main assembly area, a hangar with gray steel walls and large red cranes overhead, suggests that it may be possible to protect the technology. The seats are installed here and the aircraft painted, but the factory is largely assembling planes from kits imported from Europe. Entire fuselages, with green protective coatings, are brought by ship from Hamburg, Germany. Even the stepladders and freight elevators give weight limits in German, and the tool boxes are labeled in English, not Chinese.

Mr. Charles said that 95 percent of the parts are still imported, and that it would take many years for that amount to shrink. “One by one, we start to give them the parts,” he said. “But each subassembly is a complex project — it takes five years.”

A version of this article appeared in print on 01/22/2013, on page B1 of the NewYork edition with the headline: China Looks to the Sky.
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Cycling-No sympathy for Armstrong on social media






LONDON, Jan 21 (Reuters) – Lance Armstrong’s televised doping confession has done nothing to restore his shattered reputation, a study of responses posted to the Twitter social media site showed.


“What was particularly noticeable in our analysis of the Armstrong revelation was the sheer lack of sympathy out there,” said Charlie Dundas of sports market research company Repucom.






“The tone of the discussion around the Oprah Winfrey interview highlighted the level of disappointment and anger that exists. It’s clear the public are far from ready to forgive Lance Armstrong,” he added.


In the interview, Armstrong admitted to using performance-enhancing drugs on his way to his seven Tour de France titles. The Texan also said he hoped a lifetime ban would one day be lifted to allow him to compete in events like marathons.


The Armstrong interview generated 1.9 million Twitter posts between Jan. 14-20, Repucom said. America accounted for more than a quarter of these, with Australia the second most active nation on the site. (Writing by Keith Weir, editing by Mark Meadows)


Social Media News Headlines – Yahoo! News





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Jennifer Lopez Obsesses Over Peanut Butter Souffle in Miami




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Stock futures flat at five-year highs, investors await earnings

NEW YORK (Reuters) - Stock index futures were flat on Tuesday as investors held back from making large bets ahead of an onslaught of corporate earnings and after recently notching five-year highs.

Both the Dow and S&P 500 closed at their highest levels the earnings season. U.S. markets were closed on Monday for a public holiday.

Despite stronger-than-expected earnings results from major companies, including big banks, at the start of the quarterly reporting season, many investors are worried that other reports will reflect economic uncertainty in the fourth quarter.

"The market has been pleased with earnings thus far, and it is encouraging to see a cyclical company like DuPont show revenue strength, but I'm waiting on more tech and energy earnings until I come down one way or the other on this season," said Adam Sarhan, chief executive of Sarhan Capital in New York.

posted a steep drop in earnings on reduced demand for paint pigment, though revenue was ahead of expectations.

Verizon Communications Inc fell 1.1 percent to $42.06 in premarket trading after reporting a steep loss due to pension liabilities and charges related to superstorm Sandy that offset strength in its wireless business. Travelers Cos Inc also posted earnings that were hurt by losses related to Sandy.


DuPont, Verizon and Travelers are all Dow components, as is Johnson & Johnson , slated to report later Tuesday along with Google Inc and Texas Instruments . Tech earnings will be in particular focus after Intel Corp last week gave a revenue outlook that was below expectations.


Overall, S&P 500 fourth-quarter earnings are forecast to have risen 2.5 percent, according to Thomson Reuters data. That estimate is above the 1.9 percent forecast from a week ago but well below the 9.9 percent fourth-quarter earnings forecast from October 1, the data showed.


S&P 500 futures rose 0.3 point but remained below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 8 points and Nasdaq 100 futures rose 5 points.


Monday was a market holiday for Martin Luther King Day in the United States, and also marked the start of a second term for President Barack Obama, who called for aggressive action on climate change, economic equality and the federal budget.


"It remains a question whether Obama will be able to deliver on his agenda, but a sector like solar power companies could continue to be strong as he pushes for action," Sarhan said.


Markets have recently been pressured by uncertainty stemming from Washington about the federal debt limit and spending cuts that could hamper U.S. growth.


Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit, allowing the government to borrow enough to meet its obligations during that period.


U.S. shares of Research in Motion jumped 8.9 percent to $17.25 in premarket trading after its chief executive said the company may consider strategic alliances with other companies after the launch of devices powered by RIM's new BlackBerry 10 operating system.


The Dow and S&P 500 closed at five-year highs on Friday as the market registered a third straight week of gains on a solid start to the quarterly earnings season, including from Morgan Stanley and General Electric Co .


(Editing by Chizu Nomiyama)

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Cameron Reschedules Europe Speech for Wednesday





LONDON — Prime Minister David Cameron of Britain, who postponed a much-awaited address on his country’s future relations with Europe because of the Algeria hostage crisis, will deliver the speech in London on Wednesday, his office said Monday.




Mr. Cameron had planned to deliver the speech in the Netherlands on Friday but postponed it as the fate of British captives in Algeria seemed ever more dire. In a statement on Sunday, Mr. Cameron said three Britons had been confirmed killed, three were feared dead and a person usually resident in Britain had died.


Mr. Cameron’s initial choice of Amsterdam as the venue reflected a long tradition of using European cities as the platform for British pronouncements on Europe.


“We were planning to give it in Amsterdam. Unfortunately, that didn’t prove possible and Wednesday morning in London fits better with the prime minister’s schedule,” said a spokesman for Mr. Cameron, speaking in return for anonymity under departmental protocols.


“There is a debate going on across the E.U. There is also an active debate going on here in the U.K. The prime minister’s speech will be reflecting both those aspects,” the spokesman said.


On Friday, after Mr. Cameron postponed the speech, his office released excerpts suggesting that he had planned to deliver an explicit warning that Britain might leave the European Union unless the bloc changed the way it is run.


Mr. Cameron planned to say that there was “a gap between the E.U. and its citizens which has grown dramatically in recent years and which represents a lack of democratic accountability and consent that is — yes — felt particularly acutely in Britain.”


“If we don’t address these challenges, the danger is that Europe will fail and the British people will drift toward the exit,” Mr. Cameron planned to say.


“I do not want that to happen. I want the European Union to be a success, and I want a relationship between Britain and the E.U. that keeps us in it.”


Mr. Cameron’s views have drawn unusual public comment from American officials.


Last week, a White House spokesman quoted President Obama as telling Mr. Cameron in a telephone call that “the United States values a strong U.K. in a strong European Union, which makes critical contributions to peace, prosperity and security in Europe and around the world.”


That theme resurfaced Sunday when the American ambassador in London, Louis B. Susman, told Sky News that “we cannot imagine a strong E.U. without a vibrant partner in the U.K.”


“That is what we hope will come about, but it is up to the British people to decide what they want,” Mr. Susman said, according to the Press Association news agency.


Mr. Cameron is under pressure from members of his own Conservative Party to promise a referendum on Europe and he has signaled his readiness to hold one, although the precise question to be asked has not been made clear.


Liam Fox, a former defense secretary who is regarded as leading euroskeptic, said that he had been briefed on the content of the address and “if that is the speech that is finally delivered, a great many of us will think that it’s a speech that we’ve been waiting a long time for any prime minister to deliver.”


Foreign Secretary William Hague said Sunday there was a strong case for seeking “fresh consent” about the relationship between the European Union and Britain, which held a referendum approving membership in 1975.


“We want to succeed in the European Union — we want an outward-looking E.U. to succeed in the world, and for the United Kingdom to succeed in that,” he said.


“But we have to recognize that the European Union has changed a lot since the referendum of 1975, and that there have been not only great achievements to the E.U.’s name but some things that have gone badly wrong, such as the euro,” Mr. Hague said, referring to the protracted crisis over the bloc’s single currency. Britain does not participate in the single currency.


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