Stocks gain, boosted by P&G, Starbucks earnings

Stocks rose on Wall Street in midday trading Friday after Procter & Gamble and Starbucks posted strong earnings reports.

The Dow Jones industrial average rose 30 points to 13,855 as of noon Friday. The Standard & Poor's 500 advanced three points to 1,498. The Nasdaq gained eight points to 3,138.

Procter & Gamble, world's largest consumer products maker, gained $2.61 to $73.02 after reporting that its quarterly income more than doubled. P&G also raised its profit forecast for its full fiscal year. Starbucks rose $1.95 to $56.54 after reporting a 13 percent increase in profits.

The S&P 500 broke through 1,500 Thursday for the first time since December 2007, following a drop in claims for unemployment benefits that added to evidence that the labor market is healing. The index fell back but still ended the day fractionally higher and extended its streak of gains to seven days, the longest since October 2006.

“Earnings are growing,” said Joe Tanious, a global market strategist at JPMorgan. “The bottom line is that corporate America is doing exceptionally well.”

Tanious expects corporate earnings to grow at about 5 percent over the “next year or two,” and stock valuations to rise. Currently, the S&P 500 is trading at an average price-to-earnings ratio of 14, below an average of 15.1 for the last decade, according to FactSet data.

Stocks have surged this month, with the S&P 500 advancing 5 percent this month. It jumped at the start of the year when lawmakers reached a last-minute deal to avoid the “fiscal cliff.” Stocks built on those gains on optimism that the housing market is recovering and the labor market is healing. The Dow Jones is up 5.7 percent on the year.

Deutsche Bank analysts raised their year-end target for the index to 1,600 from 1,575.

Companies will be able to maintain their earnings even if lawmakers in Washington decide to implement wide-ranging spending cuts to narrow the budget deficit, the analysts said in a note sent to clients late Thursday.

The yield on the 10-year Treasury note, which moves inversely to its price, climbed 5 basis points to 1.91 percent.

Among other stocks making big moves.

— Netflix climbed $19.61 to $166.47, after the stock logged its biggest single day advance Thursday on the outlook for the company's Internet video service.

— Halliburton gained $1.87 to $39.69 after posting a loss that was smaller than analysts had expected. The oilfield services company said fourth-quarter profits declined 26 percent to $669 million on increasing pricing pressure in the North American market and one-time charges from the Deepwater Horizon disaster. Wall Street had expected worse.

—Hasbro fell $1.45 to $37 after the toy maker said its fourth-quarter revenue failed to meet expectations because of poor demand over the holidays. The company plans to cut about 10 percent of its workforce and consolidate facilities to cut expenses.

— Green Mountain Coffee Roasters rose $1.10 to $44.88 after an analyst noted that sales of a competing coffee brewer introduced by Starbucks were getting off to a weak start.

Read More..

'California did the impossible,' Brown says in State of the State

SACRAMENTO -- In a strident and sweeping State of the State address, Gov. Jerry Brown declared Thursday morning that "California did the impossible," bouncing back from the precipice of fiscal collapse to emerge as an economic leader.

With references to the Bible, the history of the California republic and Irish poet William Butler Yeats, Brown mapped out a vision for the state that includes big investment in its water and rail systems and schools free of regulations that he says inhibit flexibility and creativity.

Brown also called a special session of the Legislature for implementation of President Obama's healthcare law, "to deal with those issues that must be decided quickly if California is to get the Affordable Care Act started by next January."

But he stressed that his top priority is keeping the state from falling back into financial chaos.

"We have promises to keep," Brown said, alluding to his successful campaign last fall to persuade voters to raise taxes by billions of dollars. "And the most important one we made to the people if Proposition 30 passed: that we would guard jealously the money…. Fiscal discipline is not the enemy of our good intentions but the basis for realizing them."

He praised lawmakers for helping the state dig out of its fiscal morass but also called on them to show restraint. "What we need to do for our future will require more than producing hundreds of new laws each year," Brown said.

He warned of the dangers of "constantly expanding the coercive power of government by adding each year so many minute prescriptions to our already detailed and turgid legal system."

The governor cited schools as an area where the deluge of laws has undermined good policy. Returning to one of his favorite themes, he urged lawmakers to consider the "principle of subsidiarity … the idea that a central authority should only perform those tasks which cannot be performed at a more immediate or local level."

Brown repeated the call he made earlier this month to free local districts from dozens of state mandates for school spending and to shift more state money to districts with poorer students and non-native English speakers.

He said the steady tuition hikes at the state's institutions of higher education need to stop.

"I will not let the students become the default financiers of our colleges and universities," Brown said, to standing applause in the packed Assembly chamber that held the entire Legislature.

In calling a special session on healthcare, Brown said the state will next year begin providing insurance to nearly 1 million Californians under the federal law and in the coming years will steadily reduce the number of uninsured.

But he warned of attendant risks: "The ultimate costs of expanding our healthcare system under the Affordable Care Act are unknown."

The governor also used his address to tout his ambitious plans for refurbishing the state's water systems. He acknowledged that it will be costly. But inaction, he said, would likely prove more expensive, leaving California exposed to an economic disaster on the scale of that wrought elsewhere by Hurricanes Katrina and Sandy.

The governor also made a plug for his other costly infrastructure initiative, high-speed rail. He said the United States is lagging far behind other countries in this sector, saying that even Morocco is building a high-speed train system.

He called the state's bullet-train plan, which would eventually link San Francisco and Los Angeles, bold, like "everything about California."

The governor also announced will lead a trade mission to China to strengthen California's economic ties with that country and officially open the state's new trade and investment office in Shanghai.

evan.halper@latimes.com

Read More..

TSX near 18-month high, buoyed by Agrium, RIM

TORONTO (Reuters) – Canada’s main stock index hit a near 18-month high on Thursday, as shares of Agrium Inc rose after the fertilizer maker raised its profit forecast and as U.S. manufacturing and labor data drove optimism on the economic outlook of Canada’s largest trade partner.

Shares of Research In Motion Ltd also boosted the market, rising more than 3 percent after a report that China’s Lenovo Group said a bid for the BlackBerry maker was among the options available to boost its mobile business.

Canadian stocks were also supported by data that showed Chinese manufacturing growth hit a two-year high this month. Gains were kept in check by falling gold stocks, which slipped with the price of the precious metal.

In the United States, a private survey showed that factory activity advanced at the fastest pace in nearly two years this month, while the government reported the number of Americans filing new claims for jobless benefits hit a five-year low last week.

“There’s a growing feeling that we’re heading in the right direction. The U.S. economy is showing a little bit of life, and that’s spilling over into Canada,” said Fred Ketchen, director of equity trading at ScotiaMcLeod.

The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> was up 41.36 points, or 0.32 percent, at 12,835.41, after touching 12,863.47, its highest since August 2, 2011.</.gsptse>

Seven of the 10 main sectors on the index were trading higher.

The materials sector, which includes mining stocks, slipped 0.1 percent as declines in gold stocks offset a rise in shares of fertilizer giants Agrium and Potash Corp .

Agrium rose 3.5 percent to C$ 114.55 after it raised its fourth-quarter earnings forecast as strong grain and oilseed prices spurred demand for its fertilizer products over the fall season.

Ketchen, noting the activity in Agrium shares over the past few days, said, “People are taking another look at it, thinking maybe it’s time to get back in.”

Potash was up 2.1 percent at C$ 42.77.

The energy sector gained 0.6 percent and was the biggest contributor to the market’s gains as U.S. crude oil prices rose.

Canadian Natural Resources Ltd rose 1.5 percent to C$ 30.62.

Financials, the index’s weightiest sector, added 0.4 percent. Toronto Dominion Bank

was up 0.4 percent at C$ 83.51, and the Royal Bank of Canada rose 0.3 percent to C$ 61.62.

(Editing by Jeffrey Hodgson and Leslie Adler)

Wireless News Headlines – Yahoo! News

Title Post: TSX near 18-month high, buoyed by Agrium, RIM
Url Post: http://www.news.fluser.com/tsx-near-18-month-high-buoyed-by-agrium-rim/
Link To Post : TSX near 18-month high, buoyed by Agrium, RIM
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

White, Underwood, Lumineers to perform at Grammys

NEW YORK (AP) — Grammy nominees Jack White, Carrie Underwood and the Lumineers will hit the Grammys stage next month.

The Recording Academy announced Thursday that those acts will join previously announced performers including fun., The Black Keys and Taylor Swift at the Feb. 10 awards show in Los Angeles.

White is nominated for album of the year and the Lumineers are up for best new artist.

U.K. newcomer Ed Sheeran and Elton John will perform together. Sheeran's "The A Team" is nominated for song of the year.

Country singers Miranda Lambert and Dierks Bentley will also join forces onstage.

The Black Keys, Rihanna and Mumford & Sons are also set to perform.

Frank Ocean, Jay-Z, fun., Kanye West, Black Keys' Dan Auerbach and Mumford & Sons lead with six nominations each.

____

Online:

http://www.grammys.com

Read More..

Well: Ask Well: Long-Term Use of Nicotine Gum

In small doses, like those contained in the gum, nicotine is generally considered safe. But it does have stimulant properties that can raise blood pressure, increase heart rate and constrict blood vessels. One large report from 2010 found that compared to people given a placebo, those who used nicotine replacement therapies had a higher risk of heart palpitations and chest pains.

That’s one reason that nicotine gum should, ideally, be used for no more than four to six months, said Lauren Indorf, a nurse practitioner with the Cleveland Clinic’s Tobacco Treatment Center. Yet up to 10 percent of people use it for longer periods, in some cases for a decade or more she said.

Some research has raised speculation that long-term use of nicotine might also raise the risk of cancer, though it has mostly involved laboratory and animal research, and there have not been any long-term randomized studies specifically addressing this question in people. One recent report that reviewed the evidence on nicotine replacement therapy and cancer concluded that, “the risk, if any, seems small compared with continued smoking.”

Ultimately, the biggest problem with using nicotine gum for long periods is that the longer you stay on it, the longer you remain dependent on nicotine, and thus the greater your odds of a smoking relapse, said Ms. Indorf. “What if the gum is not available one day?” she said. “Your body is still relying on nicotine.”

If you find yourself using it for longer than six months, it may be time to consider switching to sugar-free gum or even another replacement therapy, like the patch or nasal spray.

“Getting people on a different regimen helps them break the gum habit and can help taper them off nicotine,” Ms. Indorf said.

Read More..

Apple shares tumble after relatively unimpressive earnings report

Apple Inc. may still make products customers love, but its latest earnings report appears to have broken investors' hearts.

For the third quarter in a row, Apple reported revenue and profit that were impressive by normal standards, but short of what analysts had expected. Investors reacted harshly, driving Apple's stock price down more than 10% in after-hours trading Wednesday.

If that trend holds when trading opens Thursday, Apple will have lost almost $50 billion in market value in the blink of an eye, and its stock will have given up almost all the extraordinary gains it had made in the last year. Investors' and fund managers' belief in one of the world's most widely held stocks will be severely tested in the coming days.

More fundamentally, despite upbeat talk by Apple Chief Executive Tim Cook, the performance is unlikely to quell growing worries that Apple's remarkable run of dominance might be over.

"Overall, compared to other companies, it's impressive. But for Apple's standards, it's not great," said Patrick Moorhead of Moor Insights & Strategy. "I do think this somewhat fuels the perception that Apple is slowing down a bit.... And it's driven by the fact that some of its competitors are catching up, and in some markets have already caught up."

Apple executives did their best during an hourlong conference call with analysts to project optimism and excitement about both the last quarter and the months ahead. They noted that the company had trouble meeting demand for both iPads and Macs, and could have sold many more had they been able to build enough.

They also pointed to a growing business in China and the expansion of iTunes, which is now available in 119 countries.

"Apple is in one of the most prolific periods of innovation in its history," Cook said. "We continue to believe our fundamentals, our remarkable people, our clear and focused strategy will serve us well in the coming months and years ahead."

Cook praised the record numbers posted by Apple. For the three months that ended in December, Apple said revenue increased 18% to a record $54.5 billion. Profit also set an all-time high but was up only slightly from the year-earlier quarter, rising to $13.08 billion, or $13.81 a share, from $13.06 billion, or $13.87.

Apple said it sold a record 47.8 million iPhones last quarter, up from 37 million iPhones in the same quarter of 2011. Despite that massive figure, some analysts had hoped to see stronger demand with sales exceeding 50 million.

"Meeting expectations is not enough for Apple," said Colin Gillis of BGC Financial. "So that's a little bit of a disappointment…. International sales were a little weaker than people expected. So we'll see how that shakes out."

Last quarter saw the introduction of the iPad mini, a 7.9-inch version of Apple's popular tablet computer. The Cupertino, Calif., company said it sold a total of 22.9 million iPads in the quarter, also a record, up from 15.4 million a year earlier. The company didn't break out iPad mini numbers from its total tablet sales, but Chief Financial Officer Peter Oppenheimer told analysts that the smaller version has been a hit and that the company experienced significant backlog getting the product to store shelves. The 22% lower average selling price for Apple's tablets suggests the mini has performed well but probably cannibalized some sales of its 9.7-inch version.

Historic comparisons were challenging this year because the most recent quarter had only 13 weeks, compared with 14 weeks for the same quarter of 2011.

Like many retailers and consumer electronics companies, the quarter from October to December is typically Apple's largest because of the holiday shopping season. Last year, Apple managed to stun investors by beating its own revenue estimates by more than 25% and earnings forecast by nearly 50%. That sent the stock soaring.

But even as Apple extended its lead as the world's most valuable company, and set a record in August for most valuable company ever when not adjusted for inflation, doubts began to creep into the minds of analysts and investors.

Shares have plummeted 27% in the last four months. On Wednesday, shares rose $9.24, or 1.8%, to $514.01 during regular trading.

Apple reported strong earnings in both the third and fourth quarters last year, but the numbers missed analysts' consensus estimates. Gradually, analysts began lowering their forecasts for Apple's earnings for the current fiscal year. At the same time,

Apple experienced some uncharacteristic gaffes. The new Apple Maps app that replaced Google Maps on iOS 6 devices had reliability problems, prompting a rare apology by Apple. And the iPhone 5 that went on sale in September faced long shipping delays as Apple suppliers struggled to adapt to the new, longer screen size.

The dismissal of iOS chief Scott Forstall, a favorite of the late Apple co-founder Steve Jobs, raised eyebrows. But so did a new strategy for launching products: Whereas Apple updates to products used to be few and far between, the company has lately begun increasing the number of products as well as the introduction of new versions.

The first quarter saw one of the busiest product launch cycles in the company's history. The quarter was the first full quarter of sales for the iPhone 5, a new iPod Touch and nano, the fourth iPad, a new 13-inch Retina MacBook Pro, and, of course, the first iPad mini.

Observers have pointed to this accelerated pace as an indication that Apple is facing more competitive pressure from rivals such as Samsung Electronics Co., which is now the world's biggest seller of smartphones, with its Galaxy series of phones. The concern is that the faster upgrade cycle plus the smaller iPad mini will cut into Apple's historically high profit margins.

Such fears over lower profits have also been stoked by the debate over whether Apple plans to release a cheaper iPhone aimed at capturing market share in emerging economies and the concern that Apple has not been able to strike a deal with China's largest carrier.

Now that the first-quarter numbers have been released, analysts will be busy recalibrating their projections over the next couple of days. But the focus is also likely to shift to renewed speculation about new products that investors are hoping will drive another big run for the stock.

chris.obrien@latimes.com

andrea.chang@latimes.com

Read More..

House approves short-term suspension of debt ceiling

WASHINGTON – House Republicans approved a temporary suspension of the $16.4-trillion ceiling on the nation’s debt Wednesday, allowing the federal government to continue borrowing through spring while Washington shifts to more ambitious budget battles.

Speaker John A. Boehner (R-Ohio) convinced his rebellious majority to go along with the new strategy by promising them the opportunity in the months ahead to extract deep spending cuts to Medicare and other domestic programs.

The approach was a seismic political shift for Republicans who in the past had pressed for simultaneous cuts, which House Democrats dismissed as “irresponsible” and a “gimmick.”

The vote was 285-144, and despite the robust support it would not have passed without Democrats -- 33 Republicans opposed it.

QUIZ: Test your knowledge about the debt limit

“We know with certainty that a debt crisis is coming to America,” said Rep. Paul D. Ryan (R-Wis.), the former vice presidential nominee, who helped lead the debate on the House floor as chairman of the House Budget Committee. “We have a moral obligation to fix that.”

Republicans are preparing an extraordinary fiscal plan, due in April, that would bring federal budgets into balance in 10 years – an austerity measure far more severe than last year's budget from Ryan that slashed the safety net.

After President Obama won modest tax hikes on the wealthy in the year-end "fiscal cliff" deal, Republicans say the next round of savings must come from the spending side of the ledger.

“Whatever new taxes the president is going to get, he got,” Senate Minority Leader Mitch McConnell, the Kentucky Republican, said this week. “We’re now going to focus on the real problem, which is not that we tax too little, but that we spend too much.”

The White House, and Democrats in Congress, disagree and say more tax hikes – especially closing corporate tax loopholes – must be part of the equation. Two deadlines in March will force the issue.

Complete coverage of the 2013 inauguration

“Democrats are eager to contrast our pro-growth, pro-middle class-budget priorities with the House Republicans,” said Sen. Patty Murray (D-Wash.), the chairman of the Senate Budget Committee. She said the GOP budget under Ryan “would end Medicare as we know it, gut investments in jobs and programs middle-class families depend on, and cut taxes for the wealthiest Americans and biggest corporations.”

The vote Wednesday puts the White House and Congress on another collision course in the budget battles that are expected to consume the first months of Obama’s second term.

On March 1, the federal budget faces $1.2 trillion in automatic spending cuts that both sides want to alter. Later, on March 27, Congress will need to approve funding for routine government operations, or risk a shutdown.

By May 18, the debt ceiling would need to be raised again after this suspension expires, though the Treasury Department could take measures to extend borrowing into summer.

Failure to raise the debt limit to cover the nation’s already accrued bills would send the country into a large-scale default – what Obama has compared to dining and dashing out on the bill.

PHOTOS: President Obama’s second inauguration

Democrats in the House complained that Republicans were simply setting up another "fiscal cliff."

“House Republicans continue to play with economic fire,” said Rep. Sander Levin (D-Mich.)

The bill approved Wednesday now goes to the Senate, and the White House has said the president would not oppose it.

Even though conservatives off Capitol Hill remain divided over raising the debt limit, Boehner sweetened the legislation to attract Republican support by attaching a provision that would temporarily withhold the pay of senators or representatives if their chamber fails to produce an annual budget by the mid-April deadline.

The “no budget, no pay” provision was particularly popular with conservatives, and was aimed squarely at Senate Democrats, who have declined to approve a formal budget in recent years.

Follow Politics Now on Twitter and Facebook

lisa.mascaro@latimes.com

Twitter: @LisaMascaroinDC

Read More..

Sundance stars sound off on gun violence in film

PARK CITY, Utah (AP) — The Sundance Film Festival isn't home to many shoot-em-up movies, but action-oriented actors at the festival are facing questions about Hollywood's role in American gun violence.

Guy Pearce and Alexander Skarsgard are among those who say Hollywood shares in the blame.

Pearce is in Park City, Utah, to support the family drama "Breathe In," but he's pulled plenty of imaginary triggers in violent films such as "Lockdown" and "Lawless." He says Hollywood may make guns seem "cool" to the broader culture, but there are vast variations in films' approach to guns.

"Hollywood probably does play a role," Pearce said. "It's a broad spectrum though. There are films that use guns flippantly, then there are films that use guns in a way that would make you never want to look at a gun ever again — because of the effect that it's had on the other people in the story at the time. So to sort of just say Hollywood and guns, it's a broad palette that you're dealing with, I think. But I'm sure it does have an effect. As does video games, as do stories on the news. All sorts of things probably seep into the consciousness."

Skarsgard, who blasted away aliens in "Battleship," says he agrees that Hollywood has some responsibility for how it depicts violence on-screen.

"When (NRA executive director) Wayne LaPierre blames it on Hollywood and says guns have nothing to do with it, there is a reason," he said. "I mean, I'm from Sweden. . We do have violent video games in Sweden. My teenage brother plays them. He watches Hollywood movies. We do have insane people in Sweden and in Canada. But we don't have 30,000 gun deaths a year.

"Yes, there's only 10 million people in Sweden as opposed to over 300 (million) in the United States. But the numbers just don't add up. There are over 300 million weapons in this country. And they help. They do kill people."

Ellen Page, who co-stars with Skarsgard in "The East," noted that gun restrictions are much more pervasive in her home country, Canada.

"You can't buy some crazy assault rifle that is made for the military to kill people. And like that to me is just like a no-brainer," she said. "Why should that just be out and be able to be purchased? That does not make me feel safe as a person."

Skarsgard says it may be time to revisit the Second Amendment.

"The whole Second Amendment discussion is ridiculous to me. Because that was written over 200 years ago, and it was a militia to have muskets to fight off Brits," he said. "The Brits aren't coming. It's 2013. Things have changed. And for someone to mail-order an assault rifle is crazy to me. They don't belong anywhere but the military to me. You don't need that to protect your home or shoot deer, you know."

___

AP Entertainment Writer Ryan Pearson is on Twitter: www.twitter.com/ryanwrd .

Read More..

SciTimes Update : Science News From Around the Web

Wednesday in Science, we’re reading about killer penguins, texting moms, asteroid mining, designing a more pleasurable condom and a maple leaf controversy in Canada. Check out these and other science headlines from around the Web.

The Last 925,000 Pounds Are Always the Hardest: Boston’s citywide challenge to lose one million pounds in a year appears to have fallen about 925,000 pounds short, The Wall Street Journal reports. With just a few months left to go, the city’s collective weight loss has reached only about 75,000 pounds. Why did the city diet fail? Maybe it was the “Scooper Bowl” all-you-can-eat ice cream festival.

Andy Isaacson for The New York Times

An Adélie penguin colony in Cape Royds, Antarctica.

No Escape from a Hungry Penguin: Hungry penguins with tiny video cameras strapped to their backs have given scientists a rare glimpse of their killer feeding habits, reports The Guardian. In more than 14 hours of filming using cameras strapped to 11 Adélie penguins, not once did a bird fail to capture its prey. Penguins are such efficient killers, most of their victims have no time to hide, while others try in vain to flee. Watch it all on Penguin-cam.

The Condom Gets a Makeover: Most condoms are made of latex. Los Angeles design company Strata has developed a new silicone condom it claims not only does a better job blocking viruses and bacteria, but also scores more points in the pleasure department. You can learn more about the “Origami” condom and watch a video at New Scientist (registration required).

Mathieu Belanger/Reuters

New Canadian money seems to depict a species of maple leaf that is not Canadian in origin.

Canada Turns Over a New Leaf: Canada’s new $20, $50 and $100 bills appear to have the wrong maple leaf on them, reports BBC Canada. Botanists say the bills feature a Norwegian maple leaf, with five lobes, rather than the Canadian sugar maple leaf, which has just three lobes. Bank of Canada officials say the image is a “stylized blend” of maple leaves created with the help of a botanist and designed to avoid regional bias.

Universal Art: Scientists use thin sections of meteorites to study the history of the universe. But to the rest of us, they are just really pretty. Scientific American offers a slide show revealing the stained-glass beauty in ancient meteorites.

Erin Siegal/Reuters

An employee at Google resting in a nap pod, which blocks out light and sound.

Businesses Invest in Sleep: Tired office workers cost businesses billions in productivity and it’s estimated that one in three workers doesn’t get enough rest. As a result, some companies are now offering sleep talks and special lighting to promote better sleep among the staff, reports The Wall Street Journal. Google offers its workers a sleep pod for midday power naps.

Men More Likely to Cheat at Science: Men are more likely than women to commit scientific fraud, reports Science Daily. A new study in the journal mBio found that in 215 cases of scientific fraud in the records of the United States Office of Research Integrity, 65 percent were blamed on men.

Anti-Bacterial Soap Ingredient Found in Lakes: Triclosan, the common ingredient found in antibacterial soaps and toothpastes, is showing up in increasing amounts in Minnesota lakes, Science360 reports.

Mining Asteroids: A team of entrepreneurs and engineers announced plans for a space mining company that would turn asteroids into rocket fuel, solar panels and components for spacecraft orbiting the earth, reports The Christian Science Monitor. In theory, mining asteroids should be cheaper than hauling materials from earth. Watch a video discussion on CBS This Morning. National Geographic also reports on the perils and promise of mining asteroids.

Tony Cenicola/The New York Times

Alcohol Hinders Sleep: While many people think a nightcap might help them sleep, drinking alcohol before bedtime actually reduces sleep quality, reports WebMD. The review of 27 studies found that while alcohol does allow healthy people to fall asleep quicker and sleep more deeply for a while, it also reduces rapid eye movement (REM) sleep.

Moms Text Behind the Wheel: Having a baby on board does not curb a new mother’s texting and cellphone use, reports USA Today. A new survey shows that 78 percent of mothers with children under age 2 acknowledge talking on the phone while driving with their babies. Meanwhile, 26 percent say they text or check their e-mail – behavior that rivals that of teenage drivers. Nearly two-thirds of them said that they have turned around to deal with their baby in the back seat while driving.

Read More..

Annie's recalls frozen pizza that may have metal fragments in dough

Annie's frozen Organic Spinach Mushroom Pizza is one of the products being recalled because of a metal fragments scare. (Annie's Inc. / January 23, 2013)

By David Colker

January 23, 2013, 9:33 a.m.

But are those metal filings organic?

Annie's Inc., which specializes in natural and organic foods, is recalling all varieties of its Rising Crust frozen pizza because pieces of metal wire might be in the products.

The Berkeley-based company says that a fine metal mesh screen failed at one of it flour suppliers, resulting in "flexible metal mesh" fragments in the flour and pizza dough.

Annie's said no metal has been found in its finished products, so far, but it initiated a voluntary recall, after learning of the screen fail.

The company also said that it has not gotten any consumer complaints about metal fragments in its frozen pizzas.

Here are the varieties being recalled:

Organic Four Cheese Pizza
Organic Pepperoni Pizza
Organic Supreme Pizza
Organic Spinach and Mushroom Pizza
Four Cheese Pizza
Pepperoni Pizza
BBQ Recipe Chicken Pizza

Customers who purchased the pizzas can return them to places of purchases for refunds, Annie's said in a statement. The company also established a Pizza Recall Hotline at (888) 825-6720 for consumer questions.

Read More..