India Ink: Can Doordarshan’s New Look Attract Profits?

A Doordarshan newscast from the late 1990s.

After it became the first TV channel in India in 1959, the public broadcaster Doordarshan enjoyed a monopoly on viewership for decades. Even after the government opened the airwaves to private players in 1992, Doordarshan enjoyed a 90 percent share of the audience in the 1990s and had no reason to take the threat of competition seriously.

Twenty years later, its rivals have not only caught up, but they have surpassed Doordarshan in terms of revenue. In the late 1990s, advertisers began to see Doordarshan, which dominates coverage in rural areas, as catering to only the lowest socioeconomic classes, and the public broadcaster slipped even further after an accounting scandal. Since then, Doordarshan has never turned a profit, and some media industry observers have even declared Doordarshan dead.

But Jawhar Sircar, chief executive of Prasar Bharati, the autonomous organization that includes Doordarshan and All India Radio, is betting that a complete overhaul of its TV programs, in both format and content, will draw the viewers that Doordarshan has lost to private satellite channels.

There is only one formula for success, said Mr. Sircar: “You bring out a good product, spend money, put in taste, autonomy and the right professionals, you will get the right product. You have the right product, you will get the right revenues,” he said.

Revenues are sorely needed at the government-financed broadcaster. According to the last five-year Broadcast Plan, which ended in March 2012, the Ministry of Information and Broadcasting spent 122 billion rupees ($2.2 billion) of taxpayers’ money to run Prasar Bharti, which generated only 60 billion rupees in revenue over the same period. That means a loss of 62 billion rupees, or more than $1 billion, over the five years.

Prasar Bharti accounts for about 60 percent of Ministry of Information and Broadcasting’s budget, and Doordarshan takes about half that amount, raising the rest of the money it needs through advertising.

Reliable data on Doordarshan’s viewership is difficult to find because the company that reports ratings, Television Audience Measurement, covers only satellite channels, and Doordarshan’s network, which now has 37 channels and four affiliated channels, is largely terrestrial. Doordarshan has sued Television Audience Measurement, accusing it of under-reporting its audience and costing the broadcaster advertising revenue.

The biggest move for Mr. Sircar, who took over in March 2012, was to push aside the appointed bureaucrats who ran operations even though they had no media experience. For the first time in its history, Doordarshan’s news channel, known as DD News, has hired several news professionals who have worked with CNN, Bloomberg and BBC for its board. DD News also poached top anchors at major Indian channels like NDTV and Times Now.

“This new team is one of the best DD has ever seen,” said Rajiv Mehrotra, managing trustee of the nonprofit Public Service Broadcasting Trust, referring to Doordarshan. “They have ensured that Prasar Bharati, especially DD, is breathing again.”

The main focus of the makeover is Doordarshan’s prime-time news program, “News Night,” which now tackles controversial topics – a marked change at a network that has been criticized for allowing the government to shape its media coverage in the past. The last time Doordarshan went through an overhaul was in 2003, a year before the national elections, and the Bharatiya Janata Party-controlled central government ordered Doordarshan to downplay certain events, like the deadly 2002 riots in Gujarat, a B.J.P. stronghold.

“DD News has always been known for dry reporting on government affairs,” said Paranjoy Guha Thakurta, an independent journalist who has worked with the public broadcaster.

On Wednesday night, DD News officially introduced its retooled show with a discussion on the state of the Indian TV news media and the role a public broadcaster should play, led by anchors already well known for their work at other channels, which lent the program a gravitas that had been missing when newsreaders used to present the news.

Given that this latest revamp also comes a year before national elections, many in the media industry are closely watching Doordarshan for any evidence of government meddling. Manish Tiwari, the information and broadcasting minister, promised at a news conference earlier this month that “this time, the government would keep an arm’s length from content and presentation of DD.”

But Rajiv Mehrotra, a longtime TV producer for Doordarshan, said Prasar Bharati’s “identity crisis” may limit the scope of the new changes.

“Prasar Bharati has to stay on the right side of the government as it gets a substantial monetary help from them, and it cannot go whole hog like the privately owned channels do,” he added.

Next in line for a makeover is the early morning show, with sharper reporting and market analysis planned, and then DD National, the entertainment channel, and DD Urdu.

On the technical side, Doordarshan will change from analog to digital transmitters, which will allow for enhanced picture quality, spectrum efficiency and multichannel transmission from a single transmitter. Other technological changes will allow Doordarshan to split screens so that more than one person can be shown on air, something private news channels have long been able to do.

Mr. Sircar also put the network’s outside broadcasting vans to use so that reporters could do live reports outside the studio. “We never used our O.B. vans. It was such a waste of our resources,” he said.

DD News is also getting a new, more polished look. At his office in New Delhi, Mr. Sircar pointed at two large TV screens, which displayed the new DD News format on one screen and an NDTV 24×7 format on the other. Both screens had four boxes with an expert in each one discussing swine flu in Delhi.

“See the similarity?” he asked. “There used to be a miserable green board behind a sleepy anchor on DD News before. We have changed the color scheme to make it in tune with the younger generation.”

While there may be a similarity in form and presentation between the private channels and DD News, there will never be a similarity in content, pledged Mr. Sircar. “We will stick to the ideals of public service broadcasting and never sensationalize news,” he said.

In the current five-year Broadcast Plan, which ends in March 2017, the government has agreed to raise the amount it gives Prasar Bharati to 132 billion rupees. Whether its faith in Mr. Sircar is rewarded, however, is uncertain.

“Now is the time,” said Mr. Thakurta, the independent journalist. “DD can become the Indian version of the BBC or Al Jazeera or just a mouthpiece of those in authority. Only time will tell.”

---

This post has been revised to reflect the following correction:

Correction: February 22, 2013

"An earlier version of this article misstated the year of the Gujarat riots, which happened in 2002, not 2003. "

Read More..

Josh Brolin & Diane Lane: Inside Their Up-and-Down Marriage

By Dahvi Shira

02/22/2013 at 07:30 AM EST

Diane Lane and Josh Brolin

Steve Granitz/Wireimage

Josh Brolin and Diane Lane's eight-year marriage is ending in divorce, but the road wasn't always rocky for the occasionally tumultuous pair.

"We're very similar in that celebrity is not a necessity," Brolin, 45, told PEOPLE in 2003, after meeting his soon-to-be-bride, 48, the previous year through stepmom Barbra Streisand. "Everything is easy."

The simplicity seemingly continued for Brolin and his beauty, who wed the following year in a ceremony at the actor's central California ranch.

Though there was a bit of a rocky start to their marriage, the pair got on track in 2005. As Lane told PEOPLE at the time, "I feel much better having a strong man with me who makes me feel embraced and secure. It's wonderful."

With her first marriage to actor Christopher Lambert behind her, Lane went on to say, "I wasn't going to go relationship shopping with my young daughter. I didn't want her to get attached to something that wasn't going to last."

In 2008, Lane praised Brolin, telling Redbook: "It's just invigorating to be around him. Josh completes me because I'm so attracted to his otherness."

On Thursday, reps confirmed the pair split, with a source telling PEOPLE, "They've been separated for several months. This was a hard decision for both of them to make. They were together for 11 years, the relationship just ran its course."

News of the breakup came almost two months after Brolin was held for public intoxication just before midnight on New Year's Eve 2013. Released without charge, the actor was spotted without his wedding ring the following day, donning sunglasses, in Venice, Calif., where he seemed unfazed by the trouble as he ate with a male friend at Sauce on Hampton.

Read More..

Car Bomb in Damascus Kills Dozens, Opposition Says

Sana/European Pressphoto Agency

An injured man was carried near the site of a car bomb explosion in Damascus on Thursday.

In renewed violence reaching the center of the Syrian capital, a car bomb exploded in Damascus on Thursday near the headquarters of President Bashar al-Assad’s ruling party, killing more than two dozen people, mainly civilians and but also including security forces, according to opposition sources.

The Syrian Observatory for Human Rights, an anti-Assad group based in Britain that has a network of contacts in Syria, reported that at least 31 people were killed by the bomb in the neighborhood of Mazraa.

Syrian state television said two children were wounded, while Al Ikhbariya, a pro-government television channel, showed footage of two dead bodies and body parts in a park.

The area where the bomb exploded was near the headquarters of Mr. Assad’s ruling Baath Party and the Russian embassy. State television and the Syrian Observatory also said that mortar shells exploded near the Syrian Army General Command in the center of the capital, but there were no reported casualties.

The strikes were the latest to extend to the heart of the Syrian capital.

Reports this week appeared to show that rebel shells have reached new areas in Damascus.

Both state media and opposition activists reported on Wednesday that mortar rounds had hit the Tishreen sports stadium in the downtown neighborhood of Baramkeh. The state news agency, SANA, said the explosion killed an athlete from the Homs-based soccer team Al Wathba as he was practicing.

Government forces hit a rebel command center in a suburb east of the capital on Wednesday, injuring a founder of the Liwaa al-Islam brigade, Sheik Zahran Alloush, the brigade said in a statement.

On Tuesday, activists reported that up to seven mortar rounds had been fired by fighters of the Free Syrian Army toward Mr. Assad’s Tishreen Palace in Damascus.

There were no immediate reports of casualties, and it was not known whether Mr. Assad was there at the time. The palace, surrounded by a park, is in a wealthy area that has largely been insulated from the insurgency and it lies less than a mile from the main presidential palace.

Syrian rebels are entrenched in suburbs south and east of the capital, but they have been unable to push far into the center, although they strike the area with occasional mortars and increasingly frequent car bombs.

Such indiscriminate attacks however risk killing passersby, exposing the rebels to charges that they are careless with civilian life and property. Many Damascus residents are undecided about taking sides and fear their ancient city will be ravaged like Aleppo and other urban centers to the north.

At the same time, the government has decimated pro-rebel suburbs with air strikes and artillery, leaving vast areas depopulated or terrorized.

Fighting continued also for control of the main civilian airport in Aleppo on Wednesday.

Read More..

Dean Cain 'Not Surprised' By Mindy McCready's Death

By Sandra Sobieraj Westfall

02/21/2013 at 08:00 AM EST

Mindy McCready and Dean Cain at the Scream 2 premiere

Fred Prouser/Reuters/Landov

Speaking out for the first time about his former fiancée's suicide, actor and writer-producer Dean Cain tells PEOPLE that Mindy McCready was deeply troubled even 15 years ago, but it was her manipulations and lies – not substance abuse – that sank their future together back then.

"I'm saddened to hear of her passing, but I'm not surprised," says Cain, 46, whose starring role in TV's Lois & Clark ended just as he and McCready began their relationship in 1997.

They lived together and were engaged, but things imploded after a year. From his Los Angeles home on Monday, one day after McCready fatally shot herself, Cain struggled to remember any joy to their relationship: "I can't paint too pretty a picture. She would start arguments, start drama. Things weren't allowed to be good."

Though drugs and alcohol would later send McCready to rehab, Cain said neither was a factor in their relationship – or its demise.

"She was never abusive or addictive with me, but red flags were everywhere," he says. "I saw all the bad signs and told her to get out." At the end, he says he fled his own home for a hotel to escape her. "Everything she did was a manipulation of sorts. She would just get combative."

In the decade and a half that followed, Cain, who fathered a son with a subsequent girlfriend and is single today, severed all ties with McCready.

"When I did speak to her, truth didn't come out," he says. "She was kind of poisonous and not somebody I was going to have in my life anymore – or anywhere around my son."

Now, says Cain, he feels for the two boys McCready left behind.

"My first thought was of the poor kids. To think about the legacy those boys have been left, it's just tragic. ... All her troubles were self-inflicted. She had everything. She was a tremendous talent but everything about it was a waste."

Read More..

Adults get 11 percent of calories from fast food

ATLANTA (AP) — On an average day, U.S. adults get roughly 11 percent of their calories from fast food, a government study shows.

That's down slightly from the 13 percent reported the last time the government tried to pin down how much of the American diet is coming from fast food. Eating fast food too frequently has been seen as a driver of America's obesity problem.

For the research, about 11,000 adults were asked extensive questions about what they ate and drank over the previous 24 hours to come up with the results.

Among the findings:

— Young adults eat more fast food than their elders; 15 percent of calories for ages 20 to 39 and dropping to 6 percent for those 60 and older.

— Blacks get more of their calories from fast-food, 15 percent compared to 11 percent for whites and Hispanics.

— Young black adults got a whopping 21 percent from the likes of Wendy's, Taco Bell and KFC.

The figures are averages. Included in the calculations are some people who almost never eat fast food, as well as others who eat a lot of it.

The survey covers the years 2007 through 2010 and was released Thursday by the Centers for Disease Control and Prevention. The authors couldn't explain why the proportion of calories from fast food dropped from the 13 percent found in a survey for 2003 through 2006.

One nutrition professor cast doubts on the latest results, saying 11 percent seemed implausibly low. New York University's Marion Nestle said it wouldn't be surprising if some people under-reported their hamburgers, fries and milkshakes since eating too much fast food is increasingly seen as something of a no-no.

"If I were a fast-food company, I'd say 'See, we have nothing to do with obesity! Americans are getting 90 percent of their calories somewhere else!'" she said.

The study didn't include the total number of fast-food calories, just the percentage. Previous government research suggests that the average U.S. adult each day consumes about 270 calories of fast food — the equivalent of a small McDonald's hamburger and a few fries.

The new CDC study found that obese people get about 13 percent of daily calories from fast food, compared with less than 10 percent for skinny and normal-weight people.

There was no difference seen by household income, except for young adults. The poorest — those with an annual household income of less than $30,000 — got 17 percent of their calories from fast food, while the figure was under 14 percent for the most affluent 20- and 30-somethings with a household income of more than $50,000.

That's not surprising since there are disproportionately higher numbers of fast-food restaurants in low-income neighborhoods, Nestle said.

Fast food is accessible and "it's cheap," she said.

Read More..

Wal-Mart holiday profit rises despite lackluster sales

(Reuters) - Wal-Mart Stores Inc posted a larger-than-expected rise in quarterly profit on Thursday, as a lower-than-anticipated tax rate helped to overcome some weakness in sales at its major Walmart U.S. unit that persisted into the beginning of February.

The world's largest retailer also raised its dividend payout. Its shares fell 1 percent in premarket trading.

Wal-Mart earned $1.67 per share from continuing operations in the fiscal fourth quarter, up from $1.51 per share a year earlier. Wal-Mart had forecast a profit of $1.53 to $1.58 per share from continuing operations, and analysts expected it to earn $1.57 per share, according to Thomson Reuters I/B/E/S.

Walmart U.S. has had a slow start to February, which Walmart U.S. Chief Executive Bill Simon attributed largely to a delay in income tax refunds. The company expects sales at Walmart U.S. stores open at least a year, or same-store sales, to be about flat during the current first quarter. A year earlier, such sales rose 2.6 percent.

Efforts such as extending its layaway program and matching competitors' prices attracted shoppers during the competitive holiday season, but Walmart U.S. same-store sales rose just 1 percent in the fourth quarter. The company had forecast an increase of 1 percent to 3 percent, and analysts, on average, had looked for a 1.5 percent gain.

A year earlier, Walmart U.S. same-store sales rose 1.5 percent.

Still, Wal-Mart said that its biggest unit gained market share in major categories of food, consumables, health and wellness and over-the-counter medications, as well as in entertainment and toys, which are big sellers during the holiday period, citing data from Nielsen and the NPD Group.

(Reporting by Jessica Wohl in Boca Raton, Florida; Editing by Maureen Bavdek)

Read More..

Vladimir Pekhtin Resigns From Russian Parliament

MOSCOW — A senior lawmaker from Russia’s ruling party, who is also the chairman of Parliament’s ethics committee, resigned from the legislature on Wednesday after opposition bloggers revealed that he owned more than $1.3 million worth of luxury real estate in Florida, which he did not list on required disclosure forms.

The lawmaker, Vladimir A. Pekhtin, said that he did not want the scandal to taint his party colleagues in United Russia, and announced his departure at a morning parliamentary session.

He said he had not broken any law, but that “there are very controversial documents that have been made public on the Internet,” and it was necessary to clear up “obvious legal misunderstandings.”

“I will give up my mandate, which I always achieved in honest political battle, and my opponents, my rivals, know this,” he said, in comments broadcast on television. “Nevertheless, I will not cling to it. Because I think that my personal matters are secondary to United Russia. Thank you for many years of work, and for your trust.”

Whether he surrendered his seat voluntarily or under pressure from the Kremlin, Mr. Pekhtin’s departure set a precedent in the Russian government, where high-level corruption and lavish spending overseas have developed into a serious political liability. It represents a victory for opposition activists, who have never achieved such a swift response to an exposé.

Officials, meanwhile, have been given a powerful reminder of their own vulnerability, said Mikhail Y. Vinogradov, chairman of the St. Petersburg Politics Fund. He added that it is not yet clear whether this case represents a one-time occurrence or “a change in the rules of the game.”

“This is a way to show that discussion of a ‘battle against corruption’ leaves the majority of officials without protection,” he said. “Naturally, officials’ anxiety over their property will grow for the time being. There won’t be any attempts to torpedo this campaign — they will simply hope that this is just another campaign that will exhaust itself in three or four months. That’s what the representatives of the elite will count on.”

The blogger Aleksei Navalny, who published documents about Mr. Pekhtin’s extensive real estate holdings last week, was jubilant, remarking that “now he can finally move to Miami and live in peace, without having to listen to any complaints.”

“In fairness, one must acknowledge that Mr. Pekhtin’s actions show that somewhere deep inside him there are remnants of a conscience,” he wrote on the Web site of Ekho Moskvy, a radio station. “Maybe other members of United Russia felt this, and that’s the reason they named him to the ethics committee? Let’s watch how the others who are hiding foreign property behave.”

Mr. Navalny published the property records last Wednesday, a day after Mr. Putin proposed legislation that would bar senior Russian officials from holding bank accounts or owning stock outside the country.

The proposal did not prohibit officials from owning real estate overseas, but signaled a Kremlin crackdown on their lavish spending abroad, so the revelations about Mr. Pekhtin came as an ill-timed embarassment.

The records showed the lawmaker’s name on the deeds of at least three properties in Florida, including a South Beach apartment bought last year for nearly $1.3 million, in a building where Mark Cuban, the owner of the Dallas Mavericks basketball team, also owns a unit.

Late last year, the newspaper Vedomosti published a report on a huge mansion outside St. Petersburg and other properties which Mr. Pekhtin had not disclosed.

Mr. Pekhtin initially shrugged off the reports, telling the newspaper Izvestiya that he had “practically no” real estate holdings outside Russia, though his grown son did. Within a matter of hours, however, he announced that he was temporarily relinquishing his position as chairman of the parliamentary ethics committee until his name was cleared by an investigation.

On Wednesday morning, Mr. Pekhtin cast the scandal as a salvo in a larger standoff between social forces in Russia.

“In this case, our opponents are not interested in Pekhtin,” he said, according to  Interfax. “They need to discredit the Parliament, the authorities, which are represented by every person sitting in this hall, and every one of us may turn out to be a target for them. As an honest person, I do not want and cannot make peace with this, and I do not want the shadow of unfounded allegations to fall on our party.”

After Mr. Pekhtin made his announcement, fellow lawmakers gave him a standing ovation and warmly applauded. Many went out of their way to praise his decision. But Sergei Mironov, head of the minority A Just Russia party, said he expected Mr. Pekhtin’s decision marked the beginning of a process, not the end.

“Pandora’s box has been opened,” said Mr. Mironov, in comments broadcast on Channel One. “I don’t doubt that the sixth sitting of the State Duma will have a record number of early terminations of deputies’ authority. For me it is completely obvious that, if there were not some real facts there, the deputy would not have voluntarily given up his authority.”

Read More..

Robin Roberts Welcomed Back to GMA by the Obamas

By Stephen M. Silverman

02/20/2013 at 07:50 AM EST

From left: Josh Elliott, Sam Champion, Robin Roberts, Lara Spencer, and George Stephanopoulos

Heidi Gutman/ABC

A standing ovation from her crew greeted Robin Roberts at the door of the ABC Times Square studio of Good Morning America, even before the sun rose Wednesday – exactly five months after the anchor had a bone marrow transplant to treat myelodysplastic syndrome, or MDS, a rare blood disorder.

Outside, in the street, a crowd of fans had already gathered with placards, banners and even an ebullient fellow from Dallas waving what he called the world's largest wristband, hailing his heroine. It read, "WELCOME BACK ROBIN."

Once the show hit the air, Roberts, with her colleagues surrounding her, looked into the camera, broke into a great big smile, and announced: "Hi, it's Robin. I've been waiting 174 days to do this: Good Morning America!"

Said her co-anchor George Stephanopoulos: "We've been waiting for that drumroll. It is official now. Welcome back, Robin."

From Jimmy Kimmel and Bradley Cooper, sitting at Kimmel's talk show desk in Hollywood: "Welcome back, girlfriend."

And from 1600 Pennsylvania Avenue: "Good morning, America, and welcome back, Robin," said President Barack Obama, First Lady Michelle Obama sitting with him.

"Robin," said Mrs. Obama, "we just want you to know that the whole Obama family, we've been thinking about you, and praying for you, and rooting for you every step of the way."

"You've been an inspiration to all of us," said the President, "and we couldn't be happier that you're back here, doing what you do best."

Said Roberts, 52 – besides claiming she wasn't wearing the froggy slippers she had sported around her apartment ("Or, am I?" she said) – "I keep pinching myself and I realize that this is real. This is really happening.

"Faith, family and friends have brought me to this moment and I am so full of gratitude."

Her medical team was introduced later in the show. Before that, Roberts said, "There's so many people that I want to thank throughout the morning, my doctors and nurses and family and colleagues and people who have sat in this chair and those who have blazed the trail before me."

"As my mother said, 'We all have something.' Everyone’s story has purpose and meaning and value, and I share this morning, this day of celebration with everyone."

She added later, after witnessing an impromptu jam session taking place in her honor outside the studio, "Our viewers have been incredible."

Roberts recently received the all-clear from her doctors, as tests have shown no abnormalities and she has continued to gain strength. She had already been back in the studio, doing a series of dry runs before her official return Wednesday.

A special edition of 20/20 on Feb. 22 will offer a behind-the-scenes look at Roberts's experience and those who have been inspired by her example.

Read More..

Drug overdose deaths up for 11th consecutive year

CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines.

"The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed the data.

In 2010, the CDC reported, there were 38,329 drug overdose deaths nationwide. Medicines, mostly prescription drugs, were involved in nearly 60 percent of overdose deaths that year, overshadowing deaths from illicit narcotics.

The report appears in Tuesday's Journal of the American Medical Association.

It details which drugs were at play in most of the fatalities. As in previous recent years, opioid drugs — which include OxyContin and Vicodin — were the biggest problem, contributing to 3 out of 4 medication overdose deaths.

Frieden said many doctors and patients don't realize how addictive these drugs can be, and that they're too often prescribed for pain that can be managed with less risky drugs.

They're useful for cancer, "but if you've got terrible back pain or terrible migraines," using these addictive drugs can be dangerous, he said.

Medication-related deaths accounted for 22,134 of the drug overdose deaths in 2010.

Anti-anxiety drugs including Valium were among common causes of medication-related deaths, involved in almost 30 percent of them. Among the medication-related deaths, 17 percent were suicides.

The report's data came from death certificates, which aren't always clear on whether a death was a suicide or a tragic attempt at getting high. But it does seem like most serious painkiller overdoses were accidental, said Dr. Rich Zane, chair of emergency medicine at the University of Colorado School of Medicine.

The study's findings are no surprise, he added. "The results are consistent with what we experience" in ERs, he said, adding that the statistics no doubt have gotten worse since 2010.

Some experts believe these deaths will level off. "Right now, there's a general belief that because these are pharmaceutical drugs, they're safer than street drugs like heroin," said Don Des Jarlais, director of the chemical dependency institute at New York City's Beth Israel Medical Center.

"But at some point, people using these drugs are going to become more aware of the dangers," he said.

Frieden said the data show a need for more prescription drug monitoring programs at the state level, and more laws shutting down "pill mills" — doctor offices and pharmacies that over-prescribe addictive medicines.

Last month, a federal panel of drug safety specialists recommended that Vicodin and dozens of other medicines be subjected to the same restrictions as other narcotic drugs like oxycodone and morphine. Meanwhile, more and more hospitals have been establishing tougher restrictions on painkiller prescriptions and refills.

One example: The University of Colorado Hospital in Aurora is considering a rule that would ban emergency doctors from prescribing more medicine for patients who say they lost their pain meds, Zane said.

___

Stobbe reported from Atlanta.

___

Online:

JAMA: http://www.jama.ama-assn.org

CDC: http://www.cdc.gov

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com

Read More..

Stock futures flat with data, Fed minutes on tap

NEW YORK (Reuters) - Stock index futures were little changed on Wednesday, ahead of data on the housing market and inflation, as well as minutes from the Federal Open Market Committee's January meeting.

Housing starts and permits for January along with the January producer price index are due at 8:30 a.m. (1330 GMT).

Economists in a Reuters survey forecast the housing starts data to show a 925,000-unit annualized rate in January versus 954,000 in December, and a total of 915,000 permits in January compared with 909,000 in the prior month. PPI is expected to show a 0.4 percent rise compared with a 0.3 percent drop in December. Excluding volatile food and energy items, PPI is expected to rise 0.2 percent versus with a 0.1 percent increase in December.

Later in the session, investors will look to the minutes from the Fed's January meeting for any clues on how long the current monetary policy will remain in effect.

The S&P 500 <.spx> is up 7.4 percent for the year, fueled by legislators' ability to sidestep an automatic implementation of spending cuts on tax hikes on January 1, better-than-expected corporate earnings and modestly improving economic data that has been tepid enough for the Fed to maintain its stimulus policy.

S&P 500 futures slipped 0.5 point and were slightly 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 rose 14 points, and Nasdaq 100 futures added 2 points.

As earnings season winds down, S&P 500 companies set to report include Devon Energy Corp and Fluor Corp .

According to the Thomson Reuters data through Tuesday morning, of the 391 companies in the S&P 500 that have reported results, 70.1 percent have exceeded analysts' expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters.

Fourth-quarter earnings for S&P 500 companies are estimated to have risen 5.6 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

European shares traded flat, consolidating after the previous session's sharp gains, held back by weak earnings newsflow and as traders cited caution ahead of the minutes from the Fed's January policy meeting. <.eu/>

Asian shares scaled their highest levels since August 2011 after an improving global economic outlook whetted investor appetite for risk, while the yen firmed amid doubts over Japan's commitment to drastic reflation.

(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)

Read More..