NFL's Goodell aims to share blame on player safety


NEW ORLEANS (AP) — NFL Commissioner Roger Goodell wants to share the blame.


"Safety," he said at his annual Super Bowl news conference, "is all of our responsibilities."


Not surprisingly, given that thousands of former players are suing the league about its handling of concussions, the topics of player health and improved safety dominated Goodell's 45-minute session Friday. And he often sounded like someone seeking to point out that players or others are at fault for some of the sport's problems — and need to help fix them.


"I'll stand up. I'll be accountable. It's part of my responsibility. I'll do everything," Goodell said. "But the players have to do it. The coaches have to do it. Our officials have to do it. Our medical professionals have to do it."


Injuries from hits to the head or to the knee, Goodell noted, can result from improper tackling techniques used by players and taught by coaches. The NFL Players Association needs to allow testing for human growth hormone to go forward so it can finally start next season, which Goodell hopes will happen. He said prices for Super Bowl tickets have soared in part because fans re-sell them above face value.


And asked what he most rues about the New Orleans Saints bounty case — a particularly sensitive issue around these parts, of course — Goodell replied: "My biggest regret is that we aren't all recognizing that this is a collective responsibility to get (bounties) out of the game, to make the game safer. Clearly the team, the NFL, the coaching staffs, executives and players, we all share that responsibility. That's what I regret, that I wasn't able to make that point clearly enough with the union."


He addressed other subjects, such as improving the Rooney Rule after none of 15 recently open coach or general manager jobs went to a minority candidate; using next year's Super Bowl in New Jersey as a test for future cold-weather, outdoor championship games; and saying he welcomed President Barack Obama's recent comments expressing concern about football's violence because "we want to make sure that people understand what we're doing to make our game safer."


Goodell mentioned some upcoming changes, including the plan to add independent neurologists to sidelines to help with concussion care during games — something players have asked for and the league opposed until now.


"The No. 1 issue is: Take the head out of the game," Goodell said. "I think we've seen in the last several decades that players are using their head more than they had when you go back several decades."


He said one tool the league can use to cut down on helmet-to-helmet hits is suspending players who keep doing it.


"We're going to have to continue to see discipline escalate, particularly on repeat offenders," Goodell said. "We're going to have to take them off the field. Suspension gets through to them."


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Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich


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Auvi-Q Challenges EpiPen With a New Shape and Size





Twin brothers Eric and Evan Edwards grew up with serious food allergies and were under doctor’s orders to carry their medicine everywhere they went.




But as they entered their teenage years in suburban Virginia, they found the advice increasingly hard to follow. The device they carried to inject the medicine, known as an EpiPen, was shaped like a large felt-tip marker and they would frequently forget it. As the twins entered college, they found themselves thinking there had to be a better way.


This week, the brothers’ invention — a slimmer device shaped like a smartphone — hit pharmacy shelves nationwide, the culmination of a single-minded quest that began 15 years ago and ended in a $230 million licensing deal with the French pharmaceutical giant Sanofi.


The product, called the Auvi-Q, boldly challenges the superiority of the EpiPen at a time when food allergies among children and teenagers are on the rise. Sanofi and the Edwards brothers clearly hope it will appeal to a gadget-hungry generation with its compact, rectangular design and automated voice instructions that guide a user through the injection process. Both the Auvi-Q and EpiPen contain the drug epinephrine, which can halt a severe allergic reaction, known as anaphylaxis.


Evan Edwards said the device was special because it was designed by people who were intimately familiar with patients’ needs. “This wasn’t just an invention,” he said. “This was something that I knew I was going to carry with me every single day.”


Mylan Inc., which sells the EpiPen, has recently stepped up its marketing of the device and this week showed no signs of backing down. In an interview this week, Mylan’s chief executive took issue with claims that up to two-thirds of EpiPen users do not carry their devices, saying the company would take “appropriate action” to challenge the claims.


Heather Bresch, the chief executive, said she welcomed efforts by Sanofi to raise awareness about the dangers of severe allergic reactions. “However, we certainly don’t condone or find it acceptable to do it in a misleading way, and that’s what we believe they’re doing,” she said.


A spokeswoman for Sanofi said the company stood by its claims.


Energized by their idea to create a new epinephrine device, the twins split up to attend college but geared their studies to their single-minded goal. Evan chose engineering, studying at the University of Virginia. Eric pursued a medical path, eventually earning a doctorate in pharmaceutical sciences from Virginia Commonwealth University.


“We would choose our courses out of the undergraduate bulletin,” Eric said. “You take this; I’ll take that.”


One of the courses Evan chose was an invention and design class taught by Larry G. Richards, an engineering professor at the University of Virginia, where students were encouraged to share their ideas with each other. “Evan came to us early in the semester and said, ‘I’ve got this really great idea,’ ” Mr. Richards recalled. “He told us the idea and I said, ‘Evan, this is too good to share with the students in the class. You want to protect your intellectual property here.’ ”


Working with Mr. Richards and another professor, Evan continued to refine the idea, earning a grant for college inventors that provided initial start-up financing for their project. After college, the brothers founded a company, Intelliject, to bring their idea to market, relying on early investments from family and friends.


The product evolved as the years passed, retaining its rectangular profile but picking up other features along the way. Eric had the idea of adding voice instructions to help others use the device in situations where they might be too panicked to read written instructions. A retractable needle was also added later, with the thought that patients would be more comfortable if they didn’t have to see it.


Intelliject licensed the product to Sanofi in 2009, a deal that included an initial payment of $25 million and up to $205 million in future milestone payments and royalties. The Food and Drug Administration approved the Auvi-Q last summer.


The Auvi-Q has created a stir among allergy sufferers, including bloggers and others who have praised its compact design and “cool” factor. Sanofi also cited internal market surveys that show up to two-thirds of patients do not regularly carry their epinephrine injectors, and about half of parents said they feared others would not be able to properly use their child’s injector in the event of an emergency.


“Anaphylaxis is scary enough,” Evan Edwards said, referring to the severe reaction that can be set off by allergens. “But the treatment shouldn’t be.”


Ms. Bresch, the Mylan chief executive, noted that Sanofi did not provide studies showing users would be any more likely to carry the Auvi-Q. She also cited a marketing study conducted in Canada on Sanofi’s behalf that found 84 percent of participants knew how to use an auto-injector.


“EpiPen has been tried and true for 25 years,” Ms. Bresch said, and argued that her product’s distinctive shape worked to its advantage. “It’s not easily confused with a BlackBerry or your phone in your purse or your backpack.”


Other online commenters wondered if younger children might lose the Auvi-Q because of its size. It is smaller than a deck of cards.


Sanofi has set a price for the Auvi-Q that is comparable to the EpiPen, charging $240 for two auto-injectors and a training device. Lori Lukus, a Sanofi spokeswoman, said the company’s market research indicated that a “large percentage” of insurers would cover the product.


Still, the Auvi-Q faces long odds: several other companies have tried and failed to challenge the dominance of the EpiPen. Last year, the manufacturer of the only competing products on the market, the Adrenaclick and Twinject, announced it would stop making them.


One allergy specialist, Dr. Scott H. Sicherer, said the Auvi-Q could provide an alternative for patients who have complained over the years about the EpiPen’s bulky size. He said some have already asked about it.


“People might find it easier to have that in a pocket compared to carrying a giant Magic Marker,” said Dr. Sicherer, a researcher at the Jaffe Food Allergy Institute at Mount Sinai Medical Center in Manhattan.


Still, he noted that he had seen several EpiPen competitors come and go. In the past, when he presented patients with alternatives, “the patients have mostly been more comfortable taking the EpiPen.”


This article has been revised to reflect the following correction:

Correction: February 1, 2013

An earlier version of this article used an outdated company name on first reference. It is Sanofi, not Sanofi-Aventis. The company changed its name in 2011.



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DealBook: Amid Bank's Legal Problems, Barclays Chief Gives Up Bonus

Antony P. Jenkins, the new chief executive of Barclays, said on Friday that he would forgo his bonus as the British bank struggled to rebuild its reputation after recent missteps.

British regulators are investigating new accusations that Barclays failed to properly disclose to shareholders a loan to a group of Qatari investors that gave the British bank a cash infusion during the financial crisis, according to a person with direct knowledge of the matter.

Last year, the bank disclosed that British and American authorities were investigating the legality of the payments related to the $7.1 billion cash injection to Qatar Holding, the sovereign wealth fund.

Mr. Jenkins is dealing with a series of legal headaches.

In June, Barclays agreed to pay a $450 million settlement with United States and British regulators over rate manipulation. The scandal forced a number of the bank’s top executives to resign, including the chief executive at the time, Robert E. Diamond Jr.

The British firm has also set aside $3.2 billion to cover legal costs related to the inappropriate selling of insurance to consumers. British authorities recently told the bank that it must review the sale of certain interest rate hedging products after 90 percent of a sample of the complex instruments were found to have been sold improperly. Analysts say the investigation may lead to millions of dollars of new legal costs.

With the controversy surrounding the bank, Mr. Jenkins said he did not want to be considered for a bonus that could have totaled up to $4.3 million, adding that many of the problems engulfing the bank were of its own making. The Barclays chief’s annual salary is $1.7 million.

“I think it only right that I bear an appropriate degree of accountability for those matters,” Mr. Jenkins said in a statement. “It would be wrong for me to receive a bonus for 2012.”

A spokesman for Barclays declined to comment about the investigation into potential wrongdoing connected to the loan to Qatari investors.

By giving up his bonus, Mr. Jenkins contrasts with his predecessor. Mr. Diamond was in line for a $4.3 million bonus for 2011 despite criticism about the bank’s performance. Faced with mounting opposition, Mr. Diamond and Chris Lucas, the bank’s finance director, eventually agreed to forgo half of the deferred stock payout if the British bank failed to reach a number of its financial targets.

Barclays, which will disclose details of a major overhaul of its operations when it reports earnings on Feb. 12, is expected to cut up to 2,000 jobs in its investment bank in an effort to reduce its exposure to risky trading activity, according to two people with direct knowledge of the matter.

Mr. Jenkins, who previously ran Barclays’ consumer banking business, told employees in January that they should leave the bank if they were not willing to help rebuild the firm’s reputation.

“My message to those people is simple,” Mr. Jenkins wrote in an internal note obtained by The New York Times. “Barclays is not the place for you. The rules have changed.”


This post has been revised to reflect the following correction:

Correction: February 1, 2013

An earlier version of this article indicated that the Barclays chief executive told employees earlier this month that they should leave the bank if they were not willing to help rebuild the firm’s reputation. He told them in January.

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Metropolitan Museum Collaborates With Chinese Museum



THE NATIONAL MUSEUM OF CHINA, which opened two years ago to much fanfare as the Communist Party unveiled this mammoth showpiece to project its cultural ambitions, has now taken another step in trying to establish its legitimacy in the art world.


The museum, reinvented from past incarnations and criticized by some for its party-approved depictions of modern Chinese history, on Friday will open an exhibition of nature-theme works from the Metropolitan Museum of Art in New York. It is the first large-scale exhibition that the National Museum has put on with the Met, and it is being hailed by both sides as a major expression of the growing cultural exchange between China and the United States.


“Never before has an exhibition of this scope and theme, drawn entirely from the Met’s holdings, traveled to China,” Thomas Campbell, the Met’s director, said at a news conference here on Thursday.


The exhibition, “Earth, Sea, and Sky: Nature in Western Art,” aims to introduce to Chinese viewers the breadth and depth of the Met’s vast collection. Drawn from the galleries of 12 of the 17 curatorial departments at the Met, the 130 pieces represent an assortment of textures, mediums and time periods. The objects include tapestries, lacquerware and oil paintings, and they date as far back as the third millennium B.C. It is scheduled to run through May 9.


The exhibitors aimed to recreate a quintessential Met experience for Chinese visitors to the National Museum, which is on the east side of Tiananmen Square at the heart of this ancient capital. It begins on the second floor, where viewers enter the exhibition via a model of the Met’s neo-Classical facade. Highlights include masterpiece works by major artists like Rembrandt, Monet and Hopper. There are two paintings by van Gogh, who is loved by many Chinese and whose “Cypresses” appears on the cover of the exhibition’s comprehensive Mandarin catalog.


“I chose the theme of nature as a very broad-based theme from which we could pull from all over our collection,” said Peter Barnet, the exhibition creator and organizer, as well as the medieval art curator at the Met.


“By bringing these objects together I think we can see things in a way that one cannot even when you visit New York,” he added.


Unusual juxtapositions of pieces are found throughout the exhibition, like that of a Babylonian frog-shaped weight from 2000 B.C. placed opposite a 19th-century Monet painting of coastline cliffs. The exhibition takes a broad interpretation of the meaning of Western art, with pieces ranging from a landscape painting of American mountains by Frederic Church to a falcon statuette from ancient Egypt that depicts the god Horus and dates to around 360 B.C.


The Met show is the latest in a series of international exhibitions hosted by the National Museum. In less than two years since it opened after its renovation the museum — the largest in the world under one roof at two million square feet — has featured a number of exhibitions from prominent museums, including the Uffizi Gallery, the British Museum and the Victoria and Albert Museum.


“The team we have here at the National Museum is young just like the museum itself is young,” Chen Lusheng, deputy director of the National Museum of China, said. “So we are very willing and open to learn from the varied experience of well-known museums, such as the Metropolitan Museum.”


But whether the National Museum has what it takes to propel itself into the top ranks of the world’s museums is unclear.


“Right now I think that the National Museum may become like the National Concert Hall, which has become a routine stop on international tours,” said Alfreda Murck, a Chinese-art historian living in Beijing, referring to the striking dome-shaped performance space west of Tiananmen Square. “They need more staff, but they have been doing a brilliant job with what they have.”


Many liberal Chinese and Western critics have raised questions about whether the museum, which they deride as a centerpiece for the Communist Party’s propaganda efforts, can or should be accepted in a field that places strong emphasis on the integrity of an exhibition’s narrative. A central part of the museum’s permanent exhibition is a historical showcase of modern China called “The Road to Rejuvenation,” which glorifies Communist China while avoiding accurate depictions of the era. For example references to the Cultural Revolution are almost entirely omitted.


Some might see the Metropolitan Museum’s partnership with the National Museum as lending legitimacy to an institution designed for the dissemination of party propaganda.


“I suppose the Met’s very presence does legitimize the propaganda to a degree,” Ms. Murck said. “But it’s also good for the Met because it gives them a high profile.”


Mr. Campbell said collaborating with the Chinese museum seemed natural since the Met had lent some of its pieces to an exhibition in the Shanghai Museum. “We see this as an opportunity — a central space in Beijing to share the treasures of the Metropolitan Museum with a broad Chinese audience,” he said. “I’m sure in the future we will have other collaborations as well.”


Edward Wong contributed reporting.



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U.S. tablet shipments soar during holidays, threaten to surpass PCs






SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Tim Cook’s prediction that tablets would one day outsell personal computers appears to be coming true.


Holiday season shipments of tablet computers touched a record 52.5 million, up 75 percent from a year ago, as consumers snapped up a wide range of the touch-enabled mobile devices and lower priced offerings, according to International Data Corp (IDC), which tracks both markets.






Growth of the tablet market handily outpaced that of personal computers, with PC shipments sliding 6.4 percent to 89.8 million in the October-December period.


In another sign of the rise of tablets, Apple, the No. 1 seller of tablets, shipped 22 million of them in the fourth quarter, compared with 15 million personal computers shipped by No. 1 PC seller Hewlett-Packard Co during the same period.


But increasing competition means that Apple’s one-time stranglehold on the tablet market continues to loosen. The market share of its iPad fell to 43.1 percent in the fourth quarter from 51.7 percent the previous year, IDC said.


Samsung Electronics, the No. 2 seller of tablets with its flagship Galaxy brand, captured 15.1 percent of the market, more than double its 7.3 percent share a year earlier.


Software maker Microsoft Corp, which launched its Surface with Windows RT tablet during the holidays, shipped about 900,000 units, IDC said.


Microsoft has been banking on Surface to showcase its new Windows 8 software to compete with Google Inc‘s Android-based tablets and the iPad.


Amazon.com Inc, despite having a wider range of products for the holidays, saw its share slip to 11.5 percent from 15.9 percent. Asian manufacturer Asus, which makes the Google-branded Nexus 7 tablet, saw a its share increase to 5.8 percent from 2 percent, IDC said.


IDC’s figures underscore the sliding fortunes of PC makers such as HP and Dell Inc, which is now in the process of taking itself private.


“New product launches from the category’s top vendors, as well as new entrant Microsoft, led to a surge in consumer interest and very robust shipments totals during the holiday season,” said Tom Mainelli, research director, tablets, at IDC.


“The record-breaking quarter stands in stark contrast to the PC market, which saw shipments decline during the quarter for the first time in more than five years,” Mainelli said.


(Reporting By Poornima Gupta; Editing by Steve Orlofsky)


Tech News Headlines – Yahoo! News





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5 Super Bowl ads that enlist viewer help


Advertisers are finding new ways to get viewers into the game during Super Bowl XLVII, which airs on CBS on Sunday. Here are 5 campaigns that enlist viewer help in one form or another.


1. Coca-Cola created an online game that pits a troupe of showgirls, biker-style "badlanders" and cowboys against each other in a race to find a Coke in the desert. Viewers are encouraged to vote for their favorite group and set up obstacles that delay other groups on CokeChase.com. Obstacles include a traffic light or getting a pizza delivered, which both waste time. Coca-Cola's online game is alluded to in a Super Bowl ad and the winning group — which has the most "for" votes and the least "obstacle" votes will be announced after the Big Game. Coke will also give the first 50,000 people who vote a free Coke.


__


Online:


www.cokechase.com


2. For its halftime intro spot, Pepsi, the sponsor of the Super Bowl halftime show, created a collage of 1,000 user-submitted photos that are stitched together to create a 30-second video that looks like one person jumping to the tune of Beyonce's "Countdown." The spot introduces the pop star's halftime show.


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Online:


www.halftime.pepsi.com


3. Toyota invited people to submit photos of themselves on Instagram or Twitter between Jan. 2 to Jan. 12 with the hashtag (hash)wishgranted. The photos were entered into a contest to win a spot on Toyota's Super Bowl ad. The ad stars Kaley Cuoco from CBS's "The Big Bang Theory" granting wishes. A photo of the winner, Ryan Koch of Fitchburg, Wis., will be featured in the ad.


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Online:


http://www.youtube.com/watch?v=iymBRSUfz9U&feature=youtu.be&noredirect=1


4. Ford Motor Co. enlisted late-night talk show host Jimmy Fallon to choose road trip stories submitted via Twitter with the hashtag (hash)steerthescript for its Lincoln Super Bowl ad. The story line of the Lincoln ad was developed from 6,117 Tweets and stars rapper Joseph "Rev Run" Simmons and Wil Wheaton, who acted in "Star Trek: The Next Generation."


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Online:


www.steerthescript.com


5. Audi let viewers choose one of three possible endings for its Game Day spot by voting online on Jan. 25 for 24 hours. The ad shows a boy who gets enough confidence from driving his father's Audi to the prom to kiss his dream girl, even though he is then decked by her boyfriend. Audi allowed people to vote for one of three potential endings for the ad.


In one possible ending, the boy drives home alone in triumphant. Another ending shows him palling around with friends. The third shows the boy going home and finding a prom picture of his parents in which his dad has a similar black eye.


The first ending, called "Worth it," won. Audi, which declined to say how many people voted, said "Worth It," was by far the most popular, getting more than half of the total views and the most "thumbs up" out of all three versions.


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Online:


http://www.youtube.com/watch?v=ANhmS6QLd5Q


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Well: Waiting for Alzheimer's to Begin

My gray matter might be waning. Then again, it might not be. But I swear that I can feel memories — as I’m making them — slide off a neuron and into a tangle of plaque. I steel myself for those moments to come when I won’t remember what just went into my head.

I’m not losing track of my car keys, which is pretty standard in aging minds. Nor have I ever forgotten to turn off the oven after use, common in menopausal women. I can always find my car in the parking lot, although lots of “normal” folk can’t.

Rather, I suddenly can’t remember the name of someone with whom I’ve worked for years. I cover by saying “sir” or “madam” like the Southerner I am, even though I live in Vermont and grown people here don’t use such terms. Better to think I’m quirky than losing my faculties. Sometimes I’ll send myself an e-mail to-do reminder and then, seconds later, find myself thrilled to see a new entry pop into my inbox. Oops, it’s from me. Worse yet, a massage therapist kicked me out of her practice for missing three appointments. I didn’t recall making any of them. There must another Nancy.

Am I losing track of me?

Equally worrisome are the memories increasingly coming to the fore. Magically, these random recollections manage to circumnavigate my imagined build-up of beta-amyloid en route to delivering vivid images of my father’s first steps down his path of forgetting. He was the same age I am now, which is 46.

“How old are you?” I recall him asking me back then. Some years later, he began calling me every Dec. 28 to say, “Happy birthday,” instead of on the correct date, Dec. 27. The 28th had been his grandmother’s birthday.

The chasms were small at first. Explainable. Dismissible. When he crossed the street without looking both ways, we chalked it up to his well-cultivated, absent-minded professor persona. But the chasms grew into sinkholes, and eventually quicksand. When we took him to get new pants one day, he kept trying on the same ones he wore to the store.

“I like these slacks,” he’d say, over and over again, as he repeatedly pulled his pair up and down.

My dad died of Alzheimer’s last April at age 73 — the same age at which his father succumbed to the same disease. My dad ended up choosing neurology as his profession after witnessing the very beginning of his own dad’s forgetting.

Decades later, grandfather’s atrophied brain found its way into a jar on my father’s office desk. Was it meant to be an ever-present reminder of Alzheimer’s effect? Or was it a crystal ball sent to warn of genetic fate? My father the doctor never said, nor did he ever mention, that it was his father’s gray matter floating in that pool of formaldehyde.

Using the jarred brain as a teaching tool, my dad showed my 8-year-old self the difference between frontal and temporal lobes. He also pointed out how brains with Alzheimer’s disease become smaller, and how wide grooves develop in the cerebral cortex. But only after his death — and my mother’s confession about whose brain occupied that jar — did I figure out that my father was quite literally demonstrating how this disease runs through our heads.

Has my forgetting begun?

I called my dad’s neurologist. To find out if I was in the earliest stages of Alzheimer’s, he would have to look for proteins in my blood or spinal fluid and employ expensive neuroimaging tests. If he found any indication of onset, the only option would be experimental trials.

But documented confirmation of a diseased brain would break my still hopeful heart. I’d walk around with the scarlet letter “A” etched on the inside of my forehead — obstructing how I view every situation instead of the intermittent clouding I currently experience.

“You’re still grieving your father,” the doctor said at the end of our call. “Sadness and depression affect the memory, too. Let’s wait and see.”

It certainly didn’t help matters that two people at my father’s funeral made some insensitive remarks.

“Nancy, you must be scared to death.”

“Is it hard knowing the same thing probably will happen to you?”

Maybe the real question is what to do when the forgetting begins. My dad started taking 70 supplements a day in hopes of saving his mind. He begged me to kill him if he wound up like his father. He retired from his practice and spent all day in a chair doing puzzles. He stopped making new memories in an all-out effort to preserve the ones he already had.

Maybe his approach wasn’t the answer.

Just before his death — his brain a fraction of its former self — my father managed to offer up a final lesson. I was visiting him in the memory-care center when he got a strange look on his face. I figured it was gas. But then his eyes lit up and a big grin overtook him, and he looked right at me and said, “Funny how things turn out.”

An unforgettable moment?

I can only hope.



Nancy Stearns Bercaw is a writer in Vermont. Her book, “Brain in a Jar: A Daughter’s Journey Through Her Father’s Memory,” will be published in April 2013 by Broadstone.

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DealBook: Deutsche Bank Posts Surprise $3 Billion Loss

FRANKFURT — Deutsche Bank, Germany’s largest lender, reported a surprise quarterly net loss of $3 billion on Thursday, as new management tallied the cost of past mistakes and tried to draw a line under the bank’s troubled past.

The fourth-quarter loss of 2.2 billion euros included about 1 billion euros the bank set aside to cover legal proceedings and investigations, including accusations that Deutsche Bank was among institutions that rigged global benchmarks used to set rates on trillions in loans. The bank also booked losses in recognition of the diminished value of acquisitions going as far back as its purchase of Bankers Trust in the United States in 1998.

While the loss partly reflected problems peculiar to Deutsche Bank, it was a reminder of the weak state of European banking more than four years after the beginning of the financial crisis. Deutsche Bank is considered relatively healthy by European standards. Hesitant action by national regulators means that many other banks have not yet been forced to recognize the full scope of bad investments and depend on the European Central Bank for cash they need to operate.

The loss at Deutsche Bank contrasts with strong earnings recently by competitors like JPMorgan Chase. Still, its shares rose 2.9 percent in Frankfurt trading as investors apparently concluded that the German bank’s relatively new co-chief executives, Jürgen Fitschen and Anshu Jain, were front-loading the bad news. Investors were also rewarding the bank’s efforts to increase the size of the reserves it holds as insurance against losses.

The two men took over the reins less than seven months ago and have declared their intention to deal more severely with the legacy of the financial crisis. The new approach includes raising the amount of capital the bank keeps in reserve compared with the amount of money it lends to customers or otherwise puts at risk. Deutsche Bank has suffered from the perception that it is among the most highly leveraged banks in Europe.

The bank said on Thursday that it had raised its so-called core Tier 1 capital ratio, a measure of the size of the reserves in relation to the amount of money at risk, to 8 percent from less than 6 percent a year ago. Some analysts questioned whether the bank really had become safer or whether the improved ratio simply reflected changes in the way the bank calculates risk.

For now, though, investors are willing to give Deutsche Bank the benefit of the doubt, analysts said.

“The new management under co-C.E.O. Anshu Jain is starting to deal with D.B.’s legacy issues,” analysts at JPMorgan Cazenove said in a note to clients.

Capital is also an issue for Deutsche Bank in the United States, where the Federal Reserve is proposing that foreign banks hold more capital at their local operating units. Stefan Krause, the bank’s chief financial officer, said in a call with analysts that Deutsche Bank was prepared to allocate more capital to the United States in 2015, adding that the rules “were really not very helpful in terms of helping global financial markets.”

The quarterly results showed the bank was clearing its books of bad assets and reducing risk, its executives said. Late last year Deutsche Bank created a “noncore operations unit” to dispose of bad investments or holdings that did not produce an adequate return.

“We are willing to take pain,” Mr. Jain said at a news conference. “That is the real story of the fourth quarter. We are willing to take losses.”

Deutsche Bank said revenue in the fourth quarter rose 14 percent, to 7.9 billion euros, from the period a year earlier. The bank warned in December that it would incur major charges in the quarter, but most analysts had not expected the loss to be nearly so big. Before taxes, the loss was 2.6 billion euros.

For the full year, Deutsche Bank reported a net profit of 665 million euros after subtracting 3.5 billion euros related to legal problems or diminished value of assets.

The bank’s problems are far from over. Deutsche Bank continues to cope with the consequences of behavior by some employees, including a tax evasion inquiry that led to a raid on company headquarters last month involving hundreds of police officers. Executives acknowledged on Thursday that the bank could face additional lawsuits related to its sale of securities tied to the United States subprime mortgage market.

“Although they have taken some chunky provisions, litigation is an ongoing drag on the industry,” said Jon Peace, a bank analyst with Nomura in London. “There is probably going to be more litigation drag in 2013.”

Deutsche Bank is among institutions accused of helping to manipulate the London interbank offered rate, or Libor, which is used to set rates on trillions of dollars of mortgages and other debt. Mr. Jain said on Thursday that during the World Economic Forum in Davos, Switzerland, last week, he and other bankers discussed whether it would be possible to work out a global settlement with authorities and complainants. While the bankers did not make any decisions, Mr. Jain said, they agreed that a comprehensive settlement might make sense and would discuss it further.

In response to lapses of the past, executive bonuses have been curtailed, and employees have undergone mandatory ethics training which stresses integrity in trading and dealing with clients, Mr. Fitschen said.

“If you cannot commit yourself to those values without reservation,” he said, “Deutsche Bank is not the place for you.”

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The Lede Blog: Piecing Together Accounts of a Massacre in Syria

As my colleagues Hania Mourtada and Alan Cowell report, the bodies of dozens of young men, shot in the head from close range with their hands bound, were found in a narrow river in a neighborhood of Aleppo, Syria, on Tuesday.

The bodies were found in the Queiq River, which skirts the front line and de facto border between government-held areas of Aleppo and territory controlled by rebel fighters in the neighborhood of Bustan al-Qasr.

Graphic video posted on YouTube showed bodies lined up along the muddy riverbank. Many had visible head wounds and lengths of cord wrapped around their wrists. Gunfire echoed in the distance, and at the end of the clip the cameraman broke into a run. “A sniper is firing at us,” he said.

Graphic video showed dozens of bodies, shot in the head and bound at the wrists, found in a river in a suburb of Aleppo.

Early video and reports from the scene on Tuesday suggested the number of dead to be around 50, a figure that rose significantly on Wednesday. The Syrian Observatory for Human Rights, an anti-government group based in Britain that has a network of contacts inside Syria, said 65 bodies were recovered from the river. The group estimated that 15 more remained in the water but could not be retrieved because of a threat posed by government snipers.

The Daily Telegraph, a British newspaper whose correspondent, Ruth Sherlock, was on the scene of the grim discovery, reported that residents pulled 79 bodies out of the river. A rebel fighter interviewed by Ms. Sherlock estimated that as many as 30 more bodies could remain in the water, but said they were impossible to retrieve because of nearby government sniper positions.

Thomas Rassloff, a freelance photographer based in Germany, was taken to the riverbank by Free Syrian Army fighters who he said told him “there are a lot of bodies.” Mr. Rassloff described the scene in a post on Time magazine’s Lightbox blog.

As we climbed down to the river, we couldn’t believe the horror of the scene. The bodies were bloated and covered with blood; some with their hands tied behind their backs. Several were missing eyes. All were men, and a few of the victims appeared to be young boys.

Nearby residents began gathering at the banks of the river. A large number of police were gathering there, too, some of whom I recognized from an interview days before. One officer I knew gave me a type of perfume to put under my nose to combat the smell.

One by one, the victims were loaded into cars and taken to a nearby school, where relatives began to identify the deceased. I photographed the scene at the river for approximately 30 minutes before my driver felt we should leave due to the risk of snipers and mortars.

The rebels and the government have blamed each other for the mass killing, but Ms. Sherlock, of The Daily Telegraph, reported that many of the dead were residents of rebel-held areas whose families said they disappeared after traveling to government-held areas.

It was impossible to be certain who was responsible for their deaths. But those identified, at least half the total by nightfall, were from rebel-held districts, and locals blamed government checkpoints on the other side of the river.

“These are my sons,” said Abu Mohammed, 73, as he shuffled towards the corpses laid out in rows in a schoolyard. A relative held his arm, as he stared at the exposed faces of the victims.

His legs buckled as he recognised the two young men, no older than 30, as his sons. They had travelled to central Aleppo, which is still in the hands of the Syrian government, 20 days before.

“They thought they had nothing to fear from the government, so they went to renew their identity cards. But they didn’t come back. Now I have found them here.”

Video posted to YouTube from the schoolyard where the bodies were taken shows dozens of bodies lined up in rows, each one neatly wrapped in a blue plastic tarp.

Video posted on YouTube showed dozens of bodies lined up in rows in a schoolyard.

Another clip shows local families filing slowly through the rows of bodies looking for missing loved ones. A man off camera yells into the crowd, “Guys who have finished, go outside!” Among those searching, a grown man knelt next to one of the bodies, gently held its head and plaintively wailed. Through his moans, he calls the dead man his brother.

Video posted to YouTube showed families searching for lost loved ones among rows of bodies.

Combat between the government and rebel forces has raged for more than six months in Aleppo, the most populous city in Syria. The fighting continued while the residents of Bustan al-Qasr searched the bodies for lost loved ones. Fear of airstrikes and shelling repeatedly scattered the crowd, according to an update posted by Ms. Sherlock on Twitter.

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Are Weak Wii U Sales a Bellwether of Shifting Game Demographics?






Nintendo expects to sell fewer Wii U and 3DS units than originally claimed, according to reports this morning. The company says it sold three million Wii U units through December, but slashed its forecast of 5.5 million Wii U units sold by the end of March to just four million in all. On the Wii U software side, Nintendo is now forecasting 16 million units in the same timeframe, a number that’s down by roughly a third from original expectations.


The 3DS takes a similar hit in the standings: down from 17.5 million units predicted through March to just 15 million units and a commensurate drop in 3DS software sales.






(MORE: Apple to Sell 128GB iPad Starting Next Tuesday)


You can look at this any number of ways. From a numbers standpoint, there’s no doubt that the Wii U lags behind its predecessor in raw sales when you contrast launch windows. But the Wii arrived at just the right time: It was the world’s first fully motion-control-driven game system — a system that went on to capture the imaginations of consumers who’d never really engaged with a game console before. Whatever you thought of the Wii, however much you actually played it in the years that followed, it did more to popularize gaming as a mainstream pastime than any gaming-related device in history.


The Wii U, by contrast, is an evolutionary step forward designed to appeal more to traditional gamers. Though even lacking the Wii’s novelty, the Wii U GamePad is a far more intrepid technological concoction than, say, either Microsoft or Sony’s imitative motion-control approaches. And suggestions that Nintendo’s just mining Apple territory with the Wii U’s tablet-style controller seem shortsighted: With its two-screen dynamic and hybrid haptic/deterministic controls, the Wii U GamePad couldn’t be less like an iPad. Or, put another way, the Wii U is as much a riff on the iPad as the iPad is just a riff on Nintendo’s original dual-screen DS — a handheld that predated Apple’s tablet by six years.


Another explanation for the Wii U’s slow start could be pricing. The Wii U hardly seems a bargain by Nintendo’s own standards. The GameCube sold for $ 200 at rollout in 2001 (no pack-in), while the Wii cost $ 250 at launch and included a game. The Wii U, by comparison, starts at $ 300 for the stripped down model sans game, then jumps $ 50 if you want a decent amount of storage and something to play — a pack-in (Nintendoland) that frankly lacks the distinctive “so that’s what all the hype’s about” flair of Wii Sports.


But let’s cut to the chase: Whither mobile gaming? Isn’t the Wii U’s sluggish start because, well, hello smartphones and tablets? Not so fast: The data we have on this is inconclusive and potentially misleading.


According to NPD research, of the roughly 212 million people playing games in the United States last year, mobile gamers only slightly outranked core gamers. The number of core gamers shrank slightly in 2012 (NPD attributes this in part to the extra-long life cycle of the current consoles) while the number of mobile gamers was up a tick, it’s true. But how many people bought a Wii U because they needed a phone? An Xbox 360 to sync with their computer’s day-planner? Conversely, how many people bought a smartphone or tablet because all they wanted was to play games like Angry Birds or Temple Run 2?


(MORE: Nintendo Wii U Review: A Tale of Two Screens)


How many mobile gamers are buying souped up phones or tablets just to play games, in other words? Anyone? Or is the mobile gaming angle more of a perk, like the Philips head or mini-scissors in a Swiss Army Knife?


I’m not saying mobile gaming isn’t big — because it is. But just as sales of a game like Wii Sports were deceptively high because you couldn’t not buy it when picking up a Wii, talking about the prevalence of mobile gaming in a pre-fab market gets tricky. Is playing games on phones or tablets siphoning gamers from PCs and consoles? It’s impossible to say at this point because we lack the data.


Nintendo can’t be all things to all people any more than Apple’s been to gamers with its iPhone or iPad. If I want to play a game like Ni No Kuni or Guild Wars 2 or Devil May Cry, I wouldn’t look to my smartphone or tablet. Likewise, I have no interest in playing stuff like Angry Birds or Fruit Ninja or Cut the Rope – the same old increasingly tiresome mobile top-sellers for years — on a console or PC. I don’t want to sell the mobile/tablet gaming market short, not with titles like Battle of the Bulge and Radiant Defense or others like Space Hulk, Shadowrun Returns and Warhammer Quest on the horizon, but concluding that the Wii U or 3DS’s slightly-lower-than-expected sales can be attributed to a shift in gamer tastes — from core to mobile/tablet gaming — oversimplifies things in my view.


What we may be looking at in these reduced Nintendo sales numbers — and what I’d expect to continue to see with the launch of new systems from Microsoft and Sony — is segmentation of a market that experienced a kind of cross-demographic boom in the mid-to-late 2000s. Before iPhones and iPads, casual gamers had the PC. The Wii was essentially a way to bring that sort of gamer into the living room. But we’d be torturing indulgence to claim the shift that occurred after 2006 was tantamount to a conversion. Casual gamers, if you’ll pardon that label, are by definition uncommitted gamers. And with buyers already spending considerably more for something like the iPad (and considerably less on that platform for games), would it be such a surprise to find a much pickier audience for a system like the Wii U in 2013 than existed in 2006?


I have no idea what sorts of devices the kind of more core-oriented games I like to play are going to live on a decade from now. All it’d take, for instance, is for Apple to flip a few switches and double down on gaming to shake up the market in ways that could make what happened with the Wii seem tame. But that won’t mean the demise of traditional gamers any more than the rise of touchscreens entails the downfall of deterministic interfaces like keyboards, mice and gamepads. Core gamers aren’t this tiny minority on the verge of extinction, after all.


Far from it, in fact: Revenue contributions from core gamers still outpace all others, reports NPD, which calls the core gaming demographic “vital to the future of the industry.” From a financial standpoint, in other words, whatever the reasons for the Wii U’s lower-than-expected sales, the ball remains clearly in core gaming’s court.


MORE: Murfie Converts Your CDs into a Lossless Online Library, Lets You Sell and Trade Your Music


Gaming News Headlines – Yahoo! News





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