Myanmar says Obama to visit later this month
















YANGON, Myanmar (AP) — President Barack Obama will make a groundbreaking visit later this month to Myanmar, an official said Thursday, following through with his policy of rapprochement to encourage democracy in the Southeast Asian nation.


The Myanmar official speaking from the capital, Naypyitaw, said Thursday that security for a visit on Nov. 18 or 19 had been prepared, but the schedule was not final. He asked not to be named because he was not authorized to give information to the media.













The official said Obama would meet with opposition leader Aung San Suu Kyi as well as government officials including reformist President Thein Sein.


It would be the first-ever visit to Myanmar by an American president. U.S. officials have not yet announced any plans for a visit, which would come less than two weeks after Obama’s election to a second term.


Obama’s administration has sought to encourage the recent democratic progress under Thein Sein by easing sanctions applied against Myanmar’s previous military regime.


Officials in nearby Thailand and Cambodia have already informally announced plans for visits by Obama that same week. Cambodia is hosting a summit meeting of the Association of Southeast Asian Nations, and Thailand is a longtime close U.S. ally.


The visit to Myanmar, also known as Burma, would be the culmination of a dramatic turnaround in relations with Washington as the country has shifted from five decades of ruinous military rule and shaken off the pariah status it had earned through its bloody suppression of democracy.


Obama’s ending of the long-standing U.S. isolation of Myanmar’s generals has played a part in coaxing them into political reforms that have unfolded with surprising speed in the past year. The U.S. has appointed a full ambassador and suspended sanctions to reward Myanmar for political prisoner releases and the election of Nobel laureate Suu Kyi to parliament.


From Myanmar’s point of view, the lifting of sanctions is essential for boosting a lagging economy that was hurt not only by sanctions that curbed exports and foreign investment, but also by what had been a protectionist, centralized approach. Thein Sein’s government has initiated major economic reforms in addition to political ones.


A procession of senior diplomats and world leaders have traveled to Myanmar, stopping both in the remote, opulent capital city, which was built by the former ruling junta, and at Suu Kyi’s dilapidated lakeside villa in the main city of Yangon, where she spent 15 years under house arrest. New Zealand announced Thursday that Prime Minister John Key would visit Myanmar after attending the regional meetings in Cambodia.


The most senior U.S. official to visit was Hillary Rodham Clinton, who last December became the first U.S. secretary of state to travel to Myanmar in 56 years.


The Obama administration regards the political changes in Myanmar as a marquee achievement in its foreign policy, and one that could dilute the influence of China in a country that has a strategic location between South and Southeast Asia, regions of growing economic importance.


But exiled Myanmar activists and human rights groups are likely to criticize an Obama visit as premature, rewarding Thein Sein before his political and economic reforms have truly taken root. The military — still dominant and implicated in rights abuses — has failed to prevent vicious outbreaks of communal violence in the west of the country that have left scores dead.


Asia News Headlines – Yahoo! News



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Video game maker Activision scores big gains in 3Q
















SANTA MONICA, Calif. (AP) — Video game maker Activision Blizzard Inc. scored points in the third quarter with a performance that topped analysts’ forecasts.


The results announced Wednesday encouraged management to predict more good times in the crucial holiday shopping season when the company is counting on video game aficionados to snap up the latest edition in its popular “Call of Duty” franchise.













Activision credited “Diablo III,” a role-playing game designed for personal computers, and its latest version of “World of Warcraft” for moving its latest quarter to a higher level.


The company earned $ 226 million, or 20 cents per share, for the three months ending in September. That represented a 53 percent increase from net income of $ 148 million, or 13 cents per share a year ago.


Excluding items unrelated to its ongoing business, Activision made 15 cents per share. The company beat the average estimate of 8 cents per share among analysts surveyed by FactSet. Adjusted earnings included a gain of 4 cents per share from the resolution of a U.S. tax audit.


Revenue for the period increased 12 percent from last year to $ 841 million. That figure, though, includes sales of games with online components, a revenue stream that the company and analysts prefer to spread out over time.


With that adjustment, Activision’s third-quarter revenue would have risen by 20 percent to $ 751 million — about $ 41 million above analysts’ projections.


The third quarter ended with a flourish as Activision sold 2.7 million copies of “World of Warcraft: Mists of Pandaria” in the first week after its Sept. 25 release.


CEO Bobby Kotick believes Activision has another hit on its hand with “Call of Duty: Black Ops II,” scheduled to go on sale Tuesday.


“We feel good about our product line-up, in spite of a difficult and challenging macroeconomic environment that could worsen,” Kotick said in an interview Wednesday.


Activision, based in Santa Monica, Calif., doesn’t expect the weak economy to keep people from buying its games as gifts during the upcoming holidays.


In the fourth quarter the company expects adjusted earnings of 70 cents per share on adjusted revenue of $ 2.41 billion. Analysts, on average, expect adjusted earnings of 67 cents per share on adjusted revenue of $ 2.34 billion.


Activision shares rose 23 cents, or 2 percent, to $ 11.36 in after-hours trading following the release of its earnings report.


Gaming News Headlines – Yahoo! News



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Taylor Swift reigns over Billboard 200, Meek Mill debuts high
















LOS ANGELES (Reuters) – Country-pop star Taylor Swift held onto the top spot on the Billboard 200 album chart on Wednesday as her latest album “Red” kept rapper Meek Mill from the top spot.


“Red,” Swift’s fourth studio album safely took the No. 1 position after selling 344,000 copies according to figures from Nielsen SoundScan.













Last week, “Red” scored the highest first week U.S. sales in a decade after selling 1.2 million copies. The album has outsold One Direction’s “Up All Night” to become the second-biggest album of 2012, behind Adele’s juggernaut record “21,” which has sold more than 4 million copies this year.


Rapper Meek Mill entered the chart at No. 2 with his debut studio album “Dreams & Nightmares,” selling 164,000 copies. The rapper collaborated with fellow Maybach Music artists for his debut, including Trey Songz, Wale, Rick Ross and Mary J. Blige.


Ahead of the holiday season, two festive albums debuted on the chart, with veteran crooner Rod Stewart’s “Merry Christmas Baby” at No. 3 and Trans-Siberian Orchestra’s extended play record “Dreams of Fireflies (On a Christmas Night)” at No. 9.


Country singer Toby Keith landed at No. 6 with his latest album “Hope on the Rocks,” following his appearance and best music video win at the County Music Association (CMA) awards last week.


Country group Little Big Town also saw a boost from their CMA vocal group of the year win as their album “Tornado” climbed the chart to No. 10.


Canadian singer Neil Young and his band Crazy Horse scored their second top ten album this year with “Psychedelic Pill” at No. 8, following their “Americana” album in June.


Over on the Digital Songs chart, Korean rapper Psy held the top spot with his infectious dance-pop single “Gangnam Style,” while Bruno Mars’ “Locked Out of Heaven” remained at No. 2 and Ke$ ha’s “Die Young” was a non-mover at No. 3.


(Reporting by Piya Sinha-Roy, editing by Jill Serjeant)


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Los Angeles mandates condoms for porn actors, industry threatens suit
















LOS ANGELES (Reuters) – Los Angeles County voters passed a ballot initiative mandating that pornographic film actors wear condoms during sex scenes, prompting a trade group on Wednesday to threaten to sue and take production elsewhere.


Measure B, which was sponsored by the group AIDS Healthcare Foundation, won approval on Tuesday by a margin of 55.85 percent to 44.15 percent, according to the Los Angeles County Registrar-Recorder’s office.













“This is what democracy looks like; we took this to county government, and they didn’t act so we took it directly to the voters, and they spoke conclusively,” AIDS Healthcare Foundation President Michael Weinstein said.


The law requires adult film actors filming in Los Angeles County to use condoms during sex scenes. Most U.S. pornographic productions are made in the county’s San Fernando Valley.


Diane Duke, chief executive for the industry group Free Speech Coalition, told Los Angeles County supervisors in a letter on Wednesday that the law was unconstitutional and that it fell under state jurisdiction, not that of local government.


“Therefore, we will file suit and challenge this intolerable law in court,” Duke said in the letter. A copy was provided to Reuters.


She said the adult filmmakers had been approached to move elsewhere, adding: “In the upcoming weeks and months, we will provide a roadmap for adult production to move its over a billion dollar industry and its accompanying 10,000 jobs to these welcoming communities.”


David Sommers, a spokesman for the Board of Supervisors, declined to respond specifically to the letter, saying he had not read it. He said county health officials were still grappling with the law’s implications.


“This type of enforcement is a new thing for us and it’s a one-of-a-kind law and so how we move forward with its implementation is a conversation we’re just beginning to have given how the voters decided Measure B,” he said.


The initiative requires porn producers to get a health permit from Los Angeles County to make their movies showing explicit sex and nudity. Using condoms on set would be a condition of obtaining that permit.


California workplace laws mandate the use of condoms by porn performers, but AIDS Healthcare officials say the statute is not specifically aimed at the industry and is widely violated.


The Free Speech Coalition said in its letter that such requirements would impose “excessive costs of compliance.”


(Reporting by Dan Whitcomb; Editing by Cynthia Osterman)


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China submarines soon to carry nukes, draft US report says
















WASHINGTON (Reuters) – China appears to be within two years of deploying submarine-launched nuclear weapons, adding a new leg to its nuclear arsenal that should lead to arms-reduction talks, a draft report by a congressionally mandated U.S. commission says.


China in the meantime remains “the most threatening” power in cyberspace and presents the largest challenge to U.S. supply chain integrity, the U.S.-China Economic and Security Review Commission said in a draft of its 2012 report to the U.S. Congress.













China is alone among the original nuclear weapons states to be expanding its nuclear forces, the report said. The others are the United States, Russia, Britain and France.


Beijing is “on the cusp of attaining a credible nuclear triad of land-based intercontinental ballistic missiles, submarine-launched ballistic missiles, and air-dropped nuclear bombs,” the report says.


China has had a largely symbolic ballistic missile submarine capability for decades but is only now set to establish a “near-continuous at-sea strategic deterrent,” the draft said.


The deployment of such a hard-to-track, submarine-launched leg of China’s nuclear arsenal could have significant consequences in East Asia and beyond. It also could add to tensions between the United States and China, the world’s two biggest economies.


Any Chinese effort to ensure a retaliatory capability against a notional U.S. nuclear strike “would necessarily affect Indian and Russian perceptions about the potency of their own deterrent capabilities vis-à-vis China,” the report said, for instance.


ARMS CONTROL TALKS URGED


China is party to many major international pacts and regimes regarding nuclear weapons and materials. But it remains outside of key arms limitation and control conventions, such as the New Strategic Arms Reduction Treaty signed in April 2010 and the 1987 Intermediate-Range Nuclear Forces Treaty. The United States historically has approached these bilaterally with Russia.


Congress should require the U.S. State Department to spell out current and planned efforts to integrate China into existing and future nuclear arms reduction, limitation, and control discussions and agreements, the draft said.


In addition, Congress should “treat with caution” any proposal to unilaterally, or in the context of a bilateral deal with Russia, reduce operational U.S. nuclear forces without clearer information being made available to the public about China’s nuclear stockpile and force posture, it said.


A spokesman for the Chinese embassy in Washington, Geng Shuang, did not immediately respond to a request for comment.


China is estimated by the Arms Control Association, a private nonpartisan group in Washington, to have a total of 240 nuclear warheads. The United States, by contrast, has some 5,113, including tactical, strategic and nondeployed weapons.


CHINA DEPLOYING NEW CLASS OF SUBS


Beijing already has deployed two of as many as five of a new class of nuclear-powered ballistic missile submarine. The JIN-class boat is due to carry the JL-2 submarine-launched ballistic missile with an estimated range of about 7,400 km (4,600 miles).


The new submarines and the JL-2 missile will give Chinese forces its “first credible sea-based nuclear capability,” the U.S. Defense Department said in its own 2012 annual report to Congress on military and security developments involving China.


The JL-2 program has faced repeated delays but may reach an initial operating capability within the next two years, according to the Pentagon report, released in May.


The Pentagon declined to comment directly on China’s march toward creating a credible nuclear “triad” involving strategic bombers, intercontinental ballistic missiles and submarine-launched ballistic missiles.


“We monitor carefully China’s military developments and urge China to exhibit greater transparency regarding its capabilities and intentions,” Lieutenant Colonel Monica Matoush, a Defense Department spokeswoman, said by email.


Any assessment of China’s ability to have a nuclear triad would be an intelligence matter and likely be classified in nature, she added.


The final version of the report is to be released next Wednesday by the U.S.-China commission, a 12-member bipartisan group set up in 2000 to report to U.S. lawmakers on security implications of U.S.-China trade.


The draft, in its section on cyber-related issues, called on the Congress to develop a sanctions regime to penalize specific companies found to engage in, or otherwise benefit from, industrial espionage.


Congress should define industrial espionage as an illegal subsidy subject to countervailing duties, it added.


Lawmakers also should craft legislation to boost the security of critical supply chains, “particularly in the context of U.S. government and military procurement,” the draft said.


(Editing by Lisa Shumaker)


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Merkel says Germany, Britain must work together on EU
















LONDON (Reuters) – Germany and Britain must cooperate to work round their differences on the European Union‘s long-term spending plans, German Chancellor Angela Merkel said on Wednesday.


“Despite differences that we have it is very important for me that the UK and Germany work together,” Merkel said through a translator before a meeting in London with Prime Minister David Cameron to discuss the EU‘s 2014-2020 budget.













“We always have to do something that will stand up to public opinion back home. Not all of the expenditure that has been earmarked has been used with great efficiency … We need to address that,” she said.


EU leaders meet in Brussels on November 22-23 to try to secure a seven-year budget for the 27-nation bloc amid signs of differences of opinion over what action should be taken.


(Reporting by Peter Griffiths; Editing by Andrew Osborn)


Europe News Headlines – Yahoo! News



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HANNITY ON TWEET
















“I learned a big civics lesson today.” — Fox News Channel host Sean Hannity, who tweeted a picture of his filled-out ballot (for Mitt Romney, natch), only to learn that appeared to break the law in New York state.


David Bauder — http://twitter.com/dbauder













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EDITOR’S NOTE — Election Watch shows you Election Day 2012 through the eyes of Associated Press journalists. Follow them on Twitter where available with the handles listed after each item.


Social Media News Headlines – Yahoo! News



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Rihanna unveils Chris Brown duet “Nobodies Business”
















LOS ANGELES (Reuters) – R&B star Rihanna unveiled a duet entitled “Nobodies Business” with ex-boyfriend Chris Brown on Tuesday, three years after Brown was charged with assaulting her.


The song was part of an official track list that Barbadian singer Rihanna tweeted to her followers for her upcoming album “Unapologetic,” and comes after weeks of speculation in the media that the couple have rekindled their romance being spotted together at numerous events.













While Rihanna, 24, has stayed mum on her relationship status with Brown, the “Turn Up The Music” singer attended Rihanna‘s Halloween party last week and tweeted a photograph of himself dressed in Arab robes and a rifle.


Brown, 23, is currently halfway through his five-year probation after pleading guilty to assaulting Rihanna on the eve of the Grammy awards in 2009. He was ordered to complete community service and a domestic violence program.


Brown was given permission by a Los Angeles judge to embark on his European tour at a recent hearing overseeing his progress on his probation.


The former couple have had a tumultuous relationship in the last three years, including a restraining order against Brown following the assault.


But recently the two singers have made peace, coming together on a remix of Rihanna‘s raunchy song “Birthday Cake” earlier this year.


The Barbadian singer told Oprah Winfrey in an emotional interview in August that she and Brown now had a “very close friendship,” and that she still loved him.


Other collaborations on Rihanna‘s upcoming “Unapologetic” album include rapper Eminem, newcomer singer-songwriter Mikky Ekko and rapper Future.


(Reporting By Piya Sinha-Roy, editing by Jill Serjeant)


Celebrity News Headlines – Yahoo! News



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Pfizer arthritis drug wins approval, to challenge Humira
















(Reuters) – U.S. regulators on Tuesday approved Pfizer Inc‘s Xeljanz treatment for rheumatoid arthritis, one of the company’s most potentially lucrative experimental drugs, which is now poised to compete with Abbott Laboratories Inc‘s top-selling Humira.


The U.S. Food and Drug Administration said it had approved Pfizer’s pill for patients with moderate to severe rheumatoid arthritis who have not benefited from or been able to tolerate the standard oral treatment, methotrexate. Xeljanz can be used by itself or in combination with methotrexate and certain other standard treatments.













Industry analysts have predicted Pfizer’s drug, which works differently from current treatments and is better known by its chemical name tofacitinib, could eventually capture annual sales of up to $ 3 billion. The revenue is sorely needed, amid plunging sales of its Lipitor cholesterol fighter and other Pfizer medicines facing cheaper generics.


As a twice-daily pill, Xeljanz could prove more attractive to some patients than Abbott’s $ 8 billion-a-year Humira, which is given by injection every other week.


But Abbott has said Humira sales will continue growing by leaps and bounds, despite competition from Xeljanz.


“It is understandable why (new) patients might prefer an oral therapy versus one that requires needle-based delivery,” Sanford Bernstein analyst Tim Anderson said in a research note. He added that patients already benefiting from other medicines are unlikely to switch to a new product.


The FDA approved a 5 milligram dose of Xeljanz, given twice a day. But the agency said further safety data are needed to assess a 10 milligram, twice-daily dose, that Pfizer had also put before regulators.


Anderson said Xeljanz will likely cost $ 25,000 a year, in line with injectable medicines. Besides Humira, the injectables include Amgen Inc’s Enbrel and Johnson & Johnson’s Remicade — all three of which work by blocking a protein called tumor necrosis factor.


Anderson predicted the Pfizer pill, approved two weeks before Wall Street expected, will generate peak annual sales of at least $ 2.5 billion. Sales could be considerably higher, he said, if Xeljanz is also eventually approved for psoriasis, inflammatory bowel disease and other inflammatory conditions.


Rheumatoid arthritis and related diseases have been one of the most lucrative segments for drugmakers, with more than $ 20 billion in annual sales.


Rheumatoid arthritis is an autoimmune disease in which the body’s immune system mistakenly attacks healthy tissue, causing inflammation and pain in the joints. It affects an estimated 1.5 million Americans, the FDA said.


An estimated 30 percent to 40 percent of patients with rheumatoid arthritis do not respond to available drugs, meaning there is room for other options.


Pfizer’s drug works by blocking molecules called Janus kinases which are linked to joint inflammation. The drug was associated with an increased risk of serious infections, tuberculosis, cancers and lymphoma. Humira, Embrel and Remicade also make patients more prone to serious infections and other complications.


The FDA said it approved the drug with a risk evaluation and mitigation strategy, requiring safety information on the drug’s package insert label and a communication plan to inform healthcare workers about its risks.


The agency is also requiring Pfizer to conduct a postmarketing study to evaluate the drug’s long terms effects on heart disease, cancer and serious infections.


Pfizer shares rose 1.5 percent in after-hours trade to $ 25.09.


(Reporting By Ransdell Pierson; Editing by Leslie Adler, David Gregorio and Carol Bishopric)


Medications/Drugs News Headlines – Yahoo! News



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Voting Goes From Inalienable Right to Bragging Right
















A woman I went to high school with voted for Barack Obama today. I know this because she posted a picture of her ballot to Facebook (FB). She quickly deleted it—perhaps because, according to the Citizen Media Law Project, doing so in Illinois, where she lives, is actually illegal—but not before five other people took self-portraits of themselves wearing their “I voted!” stickers. Media outlets are in on the game, too; the New York Times is soliciting readers’ stylized Instagram photos while NPR wants to know what’s on people’s election-night playlist.


Do people make election-night playlists? Then how do they listen to Wolf Blitzer? This year, voting in America has moved from an inalienable right to a bragging right. It’s the democratic equivalent of telling everyone how well you’re sticking to your diet.













Social media has changed since the 2008 election, when Sarah Palin impersonations abounded on YouTube (GOOG) but the Internet had not yet become infatuated with sepia-toning its every move. There were 10.3 million tweets about the Denver presidential debate last month—of which, I admit, I contributed at least a dozen. That’s one tweet for every 14 people who reportedly watched it. Today, Facebook is tracking the number of people who clicked on its “I voted” prompt in real time. But how useful are these statistics? The site currently shows that only 8 percent of its self-identified voters are over age 55, while in 2008 that age group had a voter turnout of roughly 70 percent. And for some reason, nearly twice as many women have voted on Facebook as men. Maybe that’s because Lena Dunham has asked them to tweet pictures of the outfits they’re wearing to the polls.


In a way, this is an unofficial grassroots version of Rock the Vote, the nonpartisan organization that tried to get young people to the polls by making the democratic process seem cool. But can you actually guilt-trip someone into voting with a Thomas Jefferson quote translated into LOL-speak and a picture of a sticker? Or change someone’s mind with a grammatically incorrect, all-caps rant about a candidate? Who are these pictures for, anyway?


I can’t wait until next week, when we’ll go back to posting pictures of our lunch.


Businessweek.com — Top News



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