Thursday, 17 April 2014

Report: State gains more than 8K jobs in March


Preliminary estimates show Massachusetts gained more than 8,000 jobs in March while the state's unemployment rate dropped to 6.3 percent from 6.5 percent the previous month, the state office of Labor and Workforce Development said Thursday.


The U.S. Labor Department had previously reported the national unemployment rate stood at 6.7 percent in March.


In addition to the estimated increase of 8,100 jobs in Massachusetts last month, the federal Bureau of Labor Statistics also revised its February estimates to show a net gain of 5,500 jobs in February, up from the previous estimate of 3,800 jobs.


State officials are pointing to a net gain of 50,400 jobs in the past 12 months.


After remaining below the national unemployment rate for more than six years, the jobless rate in Massachusetts crept up to and surpassed the national rate in November, January and February. State officials said the increase might have been a reflection of more people feeling confident enough about the economy to re-enter the workforce.


Since November, the rate has fallen back from 7.1 percent to the 6.3 percent reported in March.


The unemployment rate and the overall jobs figures are calculated using two different surveys.


MassBenchmarks, a journal of the state's economy published by the Donahue Institute at the University of Massachusetts, said in a February report that job growth in the state in 2013 appeared to have been stronger than the nation as a whole.



Pickens teaming up with family-run Wyoming firm


T. Boone Pickens is teaming up with a family-run Wyoming business hoping to become the largest maker of natural gas engines for drilling rigs.


The Texas oil tycoon's energy hedge fund, BP Capital, is partnering with Casper-based Moser Energy Systems to create a new company — Mesa Natural Gas Solutions. Moser will continue making the engines and Pickens' fund will promote them. Pickens joined Moser executives in announcing the joint venture Wednesday at its new building in Evansville, the Casper Star-Tribune (http://bit.ly/1h6KGqz ) reported.


Moser's engines convert raw natural gas from oil drilling sites into fuel for the engines, eliminating the need to haul diesel to remote sites that don't have electricity.


With about 95 percent of drilling rigs now fueled by diesel, Pickens said Moser has a lot of potential for growth.


"It is cheaper (and) cleaner, and it's domestic," he said.


Pickens made much of his fortune in oil drilling and has traveled the country championing wind power and other alternative energy forms.


Moser Energy was founded in 1973 and has grown rapidly recently as American energy production has increased. The company's staff has more than doubled in the last 18 months, going from 26 employees to over 60.


Domestically, most of its engines are sent to North Dakota and Texas but it also has been selling them in Ecuador, Venezuela and Oman.


Moser Energy vice president Jakob Norman said it would like to eventually become the biggest supplier of gas-fired engines.


"When you take the people who have the experience in the oil and gas industry, not in America, but worldwide, combine that with a great product, we can now get into basins more quickly than (we could) without those relationships," he said.



Lebanon's Arabic press digest - Apr. 18, 2014


The following are a selection of stories from Lebanese newspapers that may be of interest to Daily Star readers. The Daily Star cannot vouch for the accuracy of these reports.


Al-Joumhouria


Aoun to Al-Joumhouria: I will only nominate myself as a consensus candidate


“I am a consensus candidate. Either I will announce my candidacy on this basis or I won’t [announce it at all],” Free Patriotic Movement MP Michel Aoun tells Al-Joumhouria.


Aoun is adamant that consensus among the country’s political and sectarian components is key to saving Lebanon.


He believes a controversial candidate could prolong the multiple crises affecting Lebanon.


Al-Akhbar


SLT ordered Lebanon to suppress the media


Al-Jadid television channel revealed Thursday that the Special Tribunal for Lebanon has asked the Justice Ministry to inform the media, through the Information Ministry, of the need to comply with the texts of court rulings.


Al-Akhbar said the STL move aims at banning the media from publishing any information related to the work of the Hariri court.


More to follow ...



Gemayel to toss hat in presidency ring


BEIRUT: Kataeb Party leader Amine Gemayel will run for president and his candidacy will be announced in the next few days, a Kataeb lawmaker said Thursday, a day after Parliament was called to elect a new head of state, throwing the presidential race into high gear.


Zahle Kataeb MP Elie Marouni also voiced fears about the country descending into a presidential vacuum due to a lack of local, regional and international agreement on Lebanon’s next president.


“The Kataeb Party’s Political Bureau will announce Gemayel’s candidacy to the presidency during a meeting either Saturday or Monday,” Marouni told The Daily Star.


Prime Minister Tammam Salam said there was no reason preventing holding the presidential polls on time.


“There is no reason for this election not to be held on time if it is part of our genuine democratic practice,” Salam told reporters after meeting Maronite Patriarch Beshara Rai in Bkirki to congratulate him on the Easter holiday.


He said eleventh-hour compromises and meetings between rival political parties might take place to ensure that the presidential election is successfully held on time.


He added that Rai was optimistic about the presidential vote taking place on time.


Salam dispelled fears concerning the presidential election. “We hope that this election will take place, a new president will be elected and the country’s democratic system is bolstered so that we can move forward for the sake of Lebanon and the Lebanese,” he said.


Lebanon last month entered the two-month constitutional deadline for Parliament to meet to elect a new head of state to replace President Michel Sleiman, whose six-year term expires on May 25.


Speaker Nabih Berri Wednesday called on Parliament to convene on April 23 to elect a new president. The parliamentary session will likely fail to elect a president as no candidate appears ready to secure two-thirds of the vote by MPs, and the session may not achieve quorum.


In addition to Lebanese Forces leader Samir Geagea, who has announced he will run for president, Western Bekaa MP Robert Ghanem from the March 14 coalition has also announced his candidacy.


Although the March 14 coalition has not yet officially taken a stance on Geagea’s candidacy, his nomination is expected to present the coalition with a tough choice.


Marouni said Gemayel’s political experience, history and ability to communicate with all the parties make him “a strong president capable of running the country’s affairs.”


Marouni said Gemayel, a key leader in the March 14 coalition who served as president of Lebanon from 1982 to 1988, is able to gain support from the rival Hezbollah-led March 8 alliance because he maintains contacts with all the parties.


Gemayel’s six-year mandate as president was marred by political differences and internal strife, including clashes between the Lebanese Army and militias of Syrian-backed Muslim parties in Beirut and the mountains.


Gemayel’s tenure also saw the deployment of U.S.-led multinational troops in Beirut to oversee the Palestine Liberation Organization’s pullout from Lebanon.


These troops returned to Lebanon after hundreds of Palestinian refugees were massacred by Israeli-allied Lebanese militiamen in the Sabra and Shatila camps following the assassination of his brother President-elect Bachir Gemayel.


Marouni warned of a presidential vacuum unless a regional and international agreement is reached on Lebanon’s next president.


Labor Minister Sejaan Azzi from the Kataeb Party said Gemayel’s candidacy does not contradict that of Geagea.


“This is not a problem,” he told The Daily Star. “We will have diversity among candidates and we might later reach some exchange of votes or a certain agreement to have a shared candidate. This is all part of the democratic process,” he added.Although Geagea says he is confident his allies in the March 14 coalition will endorse his candidacy, the group has not yet thrown its weight behind any name.


Azzi explained that the March 14 coalition is in need of a moderate candidate that can win some votes from the rival March 8 rival camp, and that Gemayel possesses these qualities.


Geagea announced Wednesday a broad political platform stressing the state’s monopoly over the use of arms, a move intended to deprive Hezbollah of its arsenal.


Sleiman congratulated Geagea on his nomination for president, the LF said in a statement Thursday. It added that Sleiman, who spoke with Geagea by telephone Wednesday evening, also praised the LF leader for his political platform that stressed restoring the role and authority of the state as his main goal.


U.S. Ambassador to Lebanon David Hale met Geagea in Maarab with whom he discussed the latest political developments in Lebanon and the region, the National News Agency reported.



Shares of Travelocity owner Sabre rise after IPO


Shares of Sabre Corp. ended higher Thursday, but the provider of technology services to the travel industry raised less money than it had projected in its initial public offering.


The company had offered fewer shares than planned and lowered the opening price for the stock. Sabre's IPO came as the hot market for startup stocks shows signs of cooling.


Thomas Klein, Sabre's CEO since last August, said that weakness in the tech sector played a role in the company's decision to trim the IPO, but he said there was no consideration of postponing the offering.


"We put what we thought was the appropriate number into the market," Klein said in an interview. "We think we'll be attractive over time, and we sold a small amount of the company today."


Private-equity owners TPG and Silver Lake will keep about 80 percent of the company, which the IPO valued at around $4 billion.


The shares, trading on the Nasdaq stock market under the ticker symbol "SABR," rose 50 cents to close at $16.50. Broader indexes were mixed.


The IPO market is off to its best year since 2000, according to financial data provider Dealogic, but the 6 percent decline in the Nasdaq composite index since early March has weakened demand for new offerings.


Nick Einhorn, an analyst with Renaissance Capital, an investment adviser and research firm that focuses on IPOs, said the last 10 U.S. initial offerings priced below the midpoint of their expected range.


Hot IPOs often jump 10 percent or more in their first day of trading — shares of Chinese social media company Weibo Corp. soared 19 percent on their debut Thursday — but Sabre's more modest increase was understandable since it's larger and older than many companies that float offerings, Einhorn said.


"The fact that the stock traded up means that they did an OK job pricing it," he said.


Sabre owns online travel company Travelocity, which competes with Expedia and Priceline. It also sells software and services to link airlines, hotels and cruise lines with travel agencies to buy and sell tickets. In that business, it competes with Atlanta-based Travelport and Spain's Amadeus.


The Southlake, Texas-based company said that it raised $588 million after underwriting expenses, pricing 39.2 million shares at $16 each. The banks managing the deal have options to buy more shares. On April 4, Sabre indicated that it expected to offer 44.7 million shares at between $18 and $20 each.


Sabre has lost money each of the last five years. Last year, it posted a loss after paying preferred dividends of $137.2 million on revenue of $3.05 billion. Revenue was up nearly 3 percent from 2012, according to regulatory filings.


Klein said the company will benefit from global growth in travel by selling software to help customers "solve their biggest problems, like the logistics of running an airline every day."


Sabre scored a big win in January when American Airlines Group Inc. picked it to build the reservations system that it will use after American and US Airways are fully combined.


Sabre started as the reservations department of American, which spun it off in 2000. TPG and Silver Lake bought Sabre in 2007 for $4.5 billion and took it private.



West Wing Week: 4/18/14 or, “Pull Together, Fight Back, and Win”

This week, the President nominated Sylvia Burwell as Secretary of Health and Human Services, hosted an Easter Prayer Breakfast and a Passover Seder, discussed immigration reform with Faith leaders, welcomed the Wounded Warrior Soldier Ride, announced a major milestone in the continued implementation of the Affordable Care Act, and hit the road to New York City and Oakdale, Pennsylvania.


read more


Venture investments highest since 2001


Funding for U.S. startup companies soared 57 percent in the first quarter to a level not seen since 2001, as venture capitalists piled more money into a growing number of deals, according to a report due out Friday.


Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the first quarter of 2013. It was the highest since the second quarter of 2001, when investments reached $11.5 billion.


There were 951 deals completed in the quarter, up from 916 in the same period a year ago.


Software companies received the most money — $4 billion. Biotech was a distant second with $1.06 billion. The last time the software sector received this much money was in the fourth quarter of 2000, right as the dot-com bubble was about to burst.


The sharp increase in venture funding in the first three months of the year comes amid a cooling of investor sentiment toward publicly traded technology stocks. Since March, shares of companies such as Netflix, Twitter and Facebook have sagged. With some technology stocks down as much as 40 percent, as in Twitter's case, the sharp decline is raising questions about whether the downturn is temporary or a sign that another bubble is about to pop.


That said, one reason for the high level of funding activity may be that VCs are investing in maturing companies. Later-stage deals are bigger than early-stage investments because they help startups expand rather than get off the ground.


Online storage startup Dropbox snagged the quarter's top deal with $325 million. It was the San Francisco company's fourth round of financing. Vacation rentals site Airbnb and mobile messaging service TangoMe tied for the No. 2 spot with $200 million each. For Airbnb, it was the seventh round of financing, while it was TangoMe's fourth.


The MoneyTree study was conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.



UnitedHealth's 1Q profit tumbles 8 percent


UnitedHealth Group says its first-quarter net income slid 8 percent as fees and funding cuts from the health care overhaul helped dent the performance of the nation's largest health insurer.


UnitedHealth says it earned $1.1 billion, or $1.10 per share, in the three months that ended March 31. That's down from $1.19 billion, or $1.16 per share, a year earlier. Revenue rose nearly 5 percent to $31.71 billion.


Analysts expected earnings of $1.09 per share on $32.01 billion in revenue.


The Minnetonka, Minnesota, company says the overhaul and government budget cuts added about 35 cents per share in costs during the quarter.


UnitedHealth Group Inc. is the first insurer to report earnings every quarter. Many see it as a bellwether for other insurers.



Target expands subscription service tenfold


Target is vastly expanding the goods available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.


The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents by making available 150 baby care products.


Target expanded that program more than tenfold this week to nearly 1,600 items across a much wider array of products. Everything from beauty products and pet supplies to home office supplies, are now available for regular delivery.


Target, based in Minneapolis, is playing catch up in the subscription business, which has exploded as companies test consumer appetites for almost every niche, from socks and razors, to sex toys.


Amazon.com has been a big force in the subscription space. It offers its Subscribe and Save services. It also offers free, two-day shipping on many goods through its Prime memberships.


Target is seeking to offer that same kind of convenience and win back hard-pressed customers who want convenience as much as they want savings.


The retailer's free subscription program allows people to schedule shipments in four, six, eight, 10 and 12-week installments.


Jason Goldberger, senior vice president of Target.com and its mobile division, told The Associated Press in an exclusive interview this week that the subscription services is expanding much more rapidly than had been expected at Target, driven by very strong demand.


While Target does not break out online sales, Goldberger would only say that since the subscription service began just over six months ago, the babycare items that were part of the rollout now account for 15 percent of online sales for that specific category.


Target's subscription service has its own perks.


The discounter recently added a five percent discount on items ordered through the program. Customers using a Target branded card get another five percent discount.


The subscriptions are part of a broader move online by Target.


It recently began allowing people to order and pay for goods online, and pick them up at the store. The number of products that can be ordered online has nearly doubled to 60,000 since the program first began in October.


But Target is late to that game, with Sears and Wal-Mart both allowing online orders for several years now.


It's been a quick payoff, however. The pickup program now accounts for more than 10 percent of Target's online business, Goldberger said.


Target is still determining how many products will be available by subscription, Goldberger said.


"Our focus is how to serve the Target guests, not look at a competitor," Goldberger said.



Applications for US jobless aid edge up to 304,000


The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.


The Labor Department said Thursday that the four-week average of applications, a less volatile measure, fell 4,750 to 312,000. That average has fallen from 357,500 applications over the past 12 months. It is the lowest four-week average since October 2007, just two months before the Great Recession started.


Applications are a proxy for layoffs. The current level of claims suggests that employers are holding on to their workers with the expectation of stronger economic growth ahead.


The modest level of claims occurs during the government's survey week for the April employment report. It indicates job gains of "200,000-plus" this month, said Sal Guatieri, senior economist at BMO Capital Markets.


Hiring has accelerated as applications for jobless aid have fallen.


Employers added 192,000 jobs in March, according to a separate government report. That follows gains of 197,000 in February, as the unemployment rate stayed at 6.7 percent for the second straight months.


Severe winter storms in January and December shut down factories, kept shoppers away from stores, and reduced home buying. That reduced hiring and overall economic growth. Employers added 129,000 jobs in January and only 84,000 in December.


More jobs and higher incomes will be needed to spur better overall economic growth. For now, economists expect the bad winter weather contributed to weak growth of 1.5 percent to 2 percent at an annual rate in the January-March quarter. But as the weather improves, most analysts expect growth to rebound to near 3 percent.



Egypt blocks bombshell's film over 'criticisms'


BEIRUT: The Egyptian government abruptly pulled from theaters a recently released movie starring Lebanese pop icon Haifa Wehbi, arguing that the movie should be reevaluated by the censorship board.


Interim Prime Minister Ibrahim Halab issued a decision to ban all screenings of "Halawet Ruh" so that the censorship board can review it once again "following protests and criticisms," Bawabat al-Ahram reported.


The movie has caused an uproar in Egypt, with many, including talk show hosts, criticizing the sexually provocative scenes as well as a young boy’s infatuation with the character played by Wehbi.


The movie centers on a woman named “Ruh”, the object of desire of many men living in a poor neighborhood in Egypt.


The storyline also focuses on a character of a young boy who is in love with Ruh and tries to help her and confronts those who desire her.


The first scene opens with a 14-year-old boy dreaming of Ruh and imagining her getting dressed, shaving her legs, and eating a watermelon and rubbing it on her chest.


The Cairo-based National Council for Children and Mothers also criticized the movie, saying the plot represented a danger to the ethics of young children and contradicted the norms and traditions of Egyptian society.


The movie's producer, Mohammad al-Sabki, declined to comment on the ban, saying the film received the green light from the censorship body before viewing.



AutoNation profit up 15 percent


AutoNation, the country’s largest car dealership chain, shrugged off winter storms that cut auto sales early this year and posted a nearly 15 percent increase in first-quarter net income.


The Fort Lauderdale company said it made $95.1 million, or 78 cents per share, from January through March. That compares with $83 million, or 67 cents per share, a year earlier. Revenue grew 6.5 percent to $4.36 billion.


Excluding a $5 million gain from disposing of businesses and properties, the company made 75 cents per share from continuing operations. That beat Wall Street estimates of 73 cents. Revenue also was ahead of Wall Street. Analysts polled by data provider FactSet expected $4.32 billion.


The company said the first 10 weeks of the quarter were hurt by repeated winter storms across much of the country in what AutoNation called the “great freeze of 2014.” But during warmer weather of the last 10 days of March, sales rebounded sharply, the company said.


The company’s retail vehicle sales were up 5 percent for the quarter, and AutoNation still expects 3 percent to 5 percent U.S. industry growth this year for an annual selling rate of 16 million.



Morgan Stanley's income rose 18 percent


Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses.


Morgan Stanley earned $1.4 billion, up from $1.2 billion in the same period a year ago. The figures exclude accounting adjustments related to the value of the bank's debt.


The earnings were equivalent to 68 cents per share. That easily beat the 61 cents per share analysts were expecting, according to FactSet, a financial data provider.


Revenue from continuing operations was $8.8 billion, ahead of the $8.5 billion analysts had expected.


All major segments of Morgan Stanley's business increased.


Institutional securities, the name of Morgan Stanley's trading, M&A advisory and stock sales division, grew the most. That division earned $1.2 billion versus $1.1 billion a year ago. The firm's fixed-income and commodities division reported a larger-than-expected rise in revenues this quarter: $1.7 billion from $1.5 billion a year ago.


Wealth management, which includes Morgan Stanley Smith Barney, had pre-tax income of $691 million versus $597 million a year ago.


The firm also announced it would buy back $1 billion of its own stock as well as increase its quarterly dividend to 10 cents per share. Morgan Stanley's stock rose $1.01, or 3.4 percent, to $30.80 in pre-market trading.



Post Holdings to buy Michael Foods for $2.45B


Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products.


Privately held Michael Foods makes a variety of egg, potato and dairy products. Its brands include Papetti's, Crystal Farms and Simply Potatoes. It is based in Minnetonka, Minnesota.


St. Louis-based Post says Michael will keep operating independently under current management.


Post also makes nutrition drinks and a variety of store brand products including pasta and peanut butter.


Post plans to fund the acquisition with debt and cash on hand. It also plans to raise up to $500 million with a stock sale.


Michael Foods is owned by an investor group that includes GS Capital Partners, Thomas H. Lee Partners and members of the company's management.



Target expands subscription service tenfold


Target is vastly expanding the goods available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com.


The nation's second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents by making available 150 baby care products.


Target expanded that program more than tenfold this week to nearly 1,600 items across a much wider array of products. Everything from beauty products and pet supplies to home office supplies, are now available for regular delivery.


Target, based in Minneapolis, is playing catch up in the subscription business, which has exploded as companies test consumer appetites for almost every niche, from socks and razors, to sex toys.


Amazon.com has been a big force in the subscription space. It offers its Subscribe and Save services. It also offers free, two-day shipping on many goods through its Prime memberships.


Target is seeking to offer that same kind of convenience and win back hard-pressed customers who want convenience as much as they want savings.


The retailer's free subscription program allows people to schedule shipments in four, six, eight, 10 and 12-week installments.


Jason Goldberger, senior vice president of Target.com and its mobile division, told The Associated Press in an exclusive interview this week that the subscription services is expanding much more rapidly than had been expected at Target, driven by very strong demand.


While Target does not break out online sales, Goldberger would say that since the subscription service began just over six months ago, the childcare items that were part of the rollout now account 15 percent of the company's total online sales.


Target's subscription service has its own perks.


The discounter recently added a five percent discount on items ordered through the program. Customers using a Target branded card get another five percent discount.


The subscriptions are part of a broader move online by Target.


It recently began allowing people to order and pay for goods online, and pick them up at the store. The number of products that can be ordered online has nearly doubled to 60,000 since the program first began in October.


But Target is late to that game, with Sears and Wal-Mart both allowing online orders for several years now.


It's been a quick payoff, however. The pickup program now accounts for more than 10 percent of Target's online business, Goldberger said.


Target is still determining how many products will be available by subscription, Goldberger said.


"Our focus is how to serve the Target guests, not look at a competitor," Goldberger said.



Goldman Sachs earnings fall 11 percent


Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.


The bank earned $1.9 billion in the quarter, down 11 percent from the same period a year earlier when it made $2.2 billion.


The earnings were equivalent to $4.02 a share. Analysts polled by FactSet had predicted earnings of $3.49 a share.


Revenue totaled $9.3 billion, down 8 percent from a year earlier, when the bank generated revenue of $10.1 billion. The latest quarterly revenue beat analysts' expectations of $8.7 billion.


Goldman's stock rose $2.78, or 1.8 percent, to $160 in pre-market trading.



Heavy winter storms weigh on DuPont during 1Q


DuPont's agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's industrial segments and margins improved in almost every one of them.


The Wilmington, Del., chemical maker reported net income Thursday of $1.4 billion, or $1.54 per share, for the quarter ended March 31. That's down from $3.35 billion, or $3.58 per share, for the same quarter a year ago, which included a one-time gain from completion of the sale of DuPont's performance coatings unit.


Excluding one-time items, DuPont reported operating earnings of $1.58 per share, up from $1.56 per share on an adjusted basis in last year's first quarter, but slightly off the consensus Wall Street estimate of $1.59 per share.


Sales declined 3 percent to $10.1 billion for the quarter, mainly due to differences in timing and planted area for agriculture sales, negative currency impact, and adverse weather conditions in North America. Analysts were expecting revenue of $10.4 billion.


"We delivered near record earnings per share despite the challenges of harsh weather and differences in year-on-year comparisons in our agriculture segment, and our key initiatives remain on track," said CEO Ellen Kullman.


The company reaffirmed its outlook for full-year operating earnings of $4.20 to $4.45 per share, compared to $3.88 per share last year, based on anticipated growth in global industrial market demand.


For the quarter, volumes declined in North America and Latin America, as operating earnings in the agricultural unit slid $74 million, or 5 percent. The company attributed the earnings drop to earlier timing of seed shipments realized in last year's fourth quarter, lower corn planted areas in Brazil and North America, and lower herbicide volumes in North America. Those declines were partially offset by pricing gains in seeds, higher insecticide volumes in Latin America, and lower seed input costs.


Shares of The DuPont Co. are trading near 15-year highs this month.



Lebanon indicts 6 Palestinians on terrorism charges


BEIRUT: Military Investigative judge Fadi Sawwan indicted Thursday six Palestinians on terrorism charges.


Sawwan accused Bilal Badr, Kamal Badr, Sari al-Hjeir, Ali Khalil, Mahmoud Azab and Nidal Mohammad of allegedly forming an armed ring with the aim of carrying out terrorist attacks.


The men were also indicted for the illegal possession of weapons and explosives.


Sawwan issued arrest warrants for the suspects.



Army arrests Al-Qaeda-linked suspect


BEIRUT: The Lebanese Army said Thursday it has arrested a Palestinian accused of belonging to the Al-Qaeda-linked Abdullah Azzam Brigades.


Following what it described as a thorough investigation, an Army intelligence unit apprehended Bilal Kayed Kayed, who has several arrest warrants out against him, a statement by the military said.


The Army said that Kayed was involved in the 2007 attack on the Spanish contingent with the U.N. Interim Force in Lebanon as well as a number of bombings.


He is also accused of transporting weapons, murder and attempted murder, as well as damaging private and public property.


In 2007, six Spanish peacekeepers were killed in an attack in south Lebanon as the contingent was patrolling the area.


The Army has arrested several suspects belonging to the Al-Qaeda-linked group, which has claimed responsibility for a number of attacks in Lebanon, including the Feb. 19 twin suicide bombings outside the Iranian Cultural Center.


The group has also claimed another twin suicide bombing targeting the Iranian Embassy in Beirut, in retaliation to Hezbollah’s military involvement in Syria.


The leader of the group, Majid Majid, was arrested last year by the Army and died days later of natural causes.


The Army has also arrested a commander in the Brigades identified as Jamal Daftardar once thought to be the next leader of the group.



Watch 7 Months Fly By In 5 Minutes


Our lives are lived in fast forward, or so it seems. Every day is a blur of emails and social media and quick-hit news bits – it’s easy to get caught up in it and be whipped along, never pausing to look around and enjoy the experience.


Photo-and-videographer Randy Halverson has provided us a breathtaking opportunity to catch up on what we've been missing. But instead of pressing pause, he speeds things up even more, capturing them, bit-by-bit, in amazing time-lapse images. This video is a collection of edits spanning April to November of last year in South Dakota, Wyoming, and Utah. Kick back and zone out, rest your brain, and drink in seven months of awe-inspiring beauty in just under five minutes.


Then get back to work.



Detroit turnaround effort to be subject of course


The ongoing efforts to turn around bankrupt Detroit will be the subject of a course starting this spring at Wayne State University.


The Detroit school announced this week that "Detroit: Metropolis in Transition" will run from May 7 to July 23, and is open to Wayne State students, guest students and non-degree-seeking professionals. It will meet Wednesday evenings at the school.


The course is structured as a guest-lecture series. The school says Detroit's state-appointed emergency manager Kevyn Orr is among the scheduled speakers. Orr took the city into bankruptcy last summer and is a key player in the ongoing restructuring.


In addition to weekly lectures, students will learn about Detroit's past and present, and go on field trips to destinations of interest throughout the city.


---


Online:


http://www.wayne.edu



Fifth Third Bancorp 1Q earnings fall 25 pct


Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.


The Cincinnati-based company says net income fell to $309 million, or 36 cents per share, for the three months ended March 31. That is down from earnings of $413 million, or 46 cents per share, a year ago. Analysts surveyed by FactSet expected the bank to earn 42 cents per share, on average.


Earnings from deposits and loans, or net interest income, rose 1 percent to $898 million. Earnings from fees and other charges, or noninterest income, fell 24 percent, to $564 million.


Fifth Third operates more than 1,300 banking centers in 12 states.



Ford to sell Lincoln cars in China for first time


Ford Motor Co. said Thursday it will sell high-end Lincoln cars in China for the first time later this year when it opens eight dealerships in seven cities.


Lincoln is a late comer to China's luxury car market, but Robert Parker, president of Lincoln China, said the brand is being introduced here after thorough research.


At Lincoln dealerships, Chinese customers will be greeted with a waterfall, considered auspicious, and their new Lincoln car will have a custom fragrance pleasing to Chinese noses, Parker said.


"The Chinese do not like the new car smell, so we change the smell," he said.


Lincoln cars sold in China also will have padded backseats because of China's higher expectations for backseat comfort, he said.


In the past year, China's government has renewed a perennial crackdown on corruption and ostentatious spending by officials, which has crimped spending on luxury goods.


Parker said he believes there is strong interest in Lincoln among Chinese luxury car consumers and that the company aims to open 60 dealerships in 50 Chinese cities and offer five models by 2016.


John Zeng, an analyst at LMC Automotive, said Lincoln will face an uphill battle in a crowded Chinese luxury car market dominated by European brands.


"Compared with German brands, they have a long way to catch up," Zeng said. "So for a brand like Lincoln, they need very competitive models to succeed in this market."



Vitamin firm plans expansion at Alabama plant


A vitamin company is planning to expand its operations in Opelika in a move that's expected to bring more than 50 new jobs to the eastern Alabama community over three years.


The Opelika City Council this week approved a 10-year tax abatement to Pharmavite for its $21.6 million expansion. The expansion plan also includes new machinery and other equipment.


The Opelika-Auburn News reports (http://bit.ly/1hNzbcp) that Pharmavite opened its Opelika plant in January 2013, where they now employ 245 people.


Northridge, Calif.-based Pharmavite is one of the nation's largest producers of vitamins, minerals and dietary supplements.



Lebanon to boost security ahead of Easter, summer


BAABDA: Lebanese authorities agreed Thursday to beef up security ahead of the Easter holiday and the summer season.


The decision was made during a security meeting chaired by President Michel Sleiman at the presidential palace in Baabda.


The meeting was attended by Prime Minister Tammam Salam and the country’s top security and military officers.


Sleiman and Salam agreed to boost security on the streets, including the airport highway, with more police and Army troops.



GE 1Q earnings fall, outlook strong


General Electric is reporting lower net income than a year ago because last year's results included the sale of NBC Universal. But the company said industrial divisions performed well and the economic environment was "positive."


GE earned $3 billion in the first quarter on revenue of $34.18 billion, down from $3.5 billion on revenue of $34.94 billion during the same period last year.


On a per share basis, GE earned 30 cents.


Adjusted to reflect continuing operations and to remove the effect of one-time charges, GE earned 33 cents per share, down 15 percent from a year ago.


Analysts had expected GE to earn 32 cents per share, on average, on sales of $34.45 billion, according to FactSet. GE shares rose slightly in trading before the market opened Thursday.



Weak Barbie sales weigh on Mattel 1Q


Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.


Toy makers are facing a weak environment globally due to the uncertain economy and popularity of electronic gadgets. The first quarter is the seasonally smallest for toy makers, coming after the key holiday quarter which can account for up to 40 percent of revenue.


In addition, Mattel Inc. has been struggling with weakness in core brands like Barbie, which had a 14 percent drop in sales, and Fisher-Price, down 6 percent.


"Revenues were consistent with our expectations as we worked through inventories in a challenging global retail environment," said CEO Bryan G. Stockton.


The largest U.S. toy maker says its net loss for the three months ended March 31 totaled $11.2 million, or 3 cents per share. That compares with net income of $38.5 million, or 11 cents per share last year. Analysts expected earnings of 7 cents per share.


The company which makes Disney Princess dolls and Hot Wheels cars says revenue fell 5 percent to $946.2 million from $995.6 million. Analysts expected $947.6 million. Revenue fell 2 percent in North America and 7 percent internationally.


Separately the company declared a second-quarter dividend of 38 cents, payable on June 13 to shareholders of record on May 23.


Its shares finished at $37.88 on Wednesday.



Strike at China sneaker factory snowballs


A labor group says a strike at the world's biggest athletic shoe maker is snowballing, with about 30,000 of its Chinese workers protesting over insufficient benefits.


Workers in the southern city of Dongguan want Taiwanese-owned Yu Yuen Industrial to make social security contributions required by Chinese law and meet other demands.


They've been striking in increasing numbers in on-and-off stoppages since April 5.


The labor unrest threatens to crimp the contract manufacturer's output for clients that include Nike, Adidas, Reebok, Asics, New Balance and Timberland.


A company spokesman could not be reached for comment.


The strike at the massive, 10-factory complex is the latest in a wave of labor unrest at factories in China, where migrant workers have become increasingly assertive amid a growing shortage of migrant labor.



Rai calls for speedy trials, prison reform


BEIRUT: Maronite Cardinal Beshara Rai called Thursday on Lebanese authorities to speed up trials of detainees, improve prison conditions and issue amnesties for the elderly and the sick.


Rai said he hoped Lebanon would issue “an amnesty for the elderly and sick people who cannot tolerate prison."


He called for the establishment of a joint body by the relevant ministries to oversee prisons and urged for the separation of inmates.


Rai also underlined the need to “classify prisoners based on their crime.”


His remarks were made during a visit to Roumieh prison, north of Beirut, to mark Holy Thursday.


Rai celebrated the event by washing the feet of inmates.



Israel arrests Arab journalist over Lebanon visit


OCCUPIED JERUSALEM: Israel's Shin Bet intelligence service says it has detained a young Israeli Arab journalist for traveling to Lebanon, which Israel considers an enemy country.


Majd Kayyal, a 23-year-old journalist for the Lebanese newspaper As-Safir, traveled to Beirut last month for a conference.


Although Lebanon bars Israeli citizens from entering, the Shin Bet says Palestinian officials in the West Bank gave Kayyal Palestinian travel documents.


Kayyal was arrested last Saturday at the Israeli border on suspicion of being recruited by a militant organization. The Shin Bet says it dropped that suspicion, and is considering indicting him for traveling to Lebanon.


Kayyal has been held since his arrest without access to a lawyer. The Shin Bet says this is permitted in security cases.


Israel lifted a gag order on the arrest Thursday.



Detained Berlusconi ally in Beirut hospital: lawyer


BEIRUT: An Italian ex-senator and ally of former prime minister Silvio Berlusconi who was arrested in Lebanon at the weekend was hospitalised in Beirut on Wednesday, his lawyer said.


Marcello Dell'Utri "was transferred to the Al-Hayat hospital on the prosecutor's orders because he suffers from heart problems", lawyer Nasser al-Khalil said.


The 72-year-old, who is on the run over charges of mafia ties, was being guarded by police at the hospital in southeastern Beirut.


A senior judicial official confirmed Dell'Utri had been taken to hospital, and added that the Italian authorities had yet to seek his extradition.


Rome's interior ministry said the former senator was arrested in Lebanon on Saturday, the day after the anti-mafia prosecutor's office said a warrant for him had been issued but that he was "unreachable".


Dell'Utri himself had issued a statement in which he did not reveal where he was but said that he had "no intention" of escaping arrest and was undergoing medical checks.



Heavy winter storms weigh on DuPont during 1Q


DuPont says that lost sales and increased operating costs from adverse weather conditions dragged on first-quarter earnings.


The Wilmington, Del., chemical maker reported net income Thursday of $1.4 billion, or $1.54 per share, for the quarter ended March 31. That's down from $3.35 billion, or $3.58 per share, for the same quarter a year ago, which included a one-time gain from completion of the sale of DuPont's performance coatings unit.


Excluding one-time items, The DuPont Co. had operating earnings of $1.58 per share, up from $1.56 per share on an adjusted basis in last year's first quarter, but slightly off the consensus Wall Street estimate of $1.59 per share.


Sales declined 3 percent to $10.1 billion for the quarter. Analysts were expecting revenue of $10.4 billion.



Construction ends at Biloxi's Golden Nugget


Construction that transformed the Golden Nugget Casino Biloxi over the past 16 months is coming to an end and the party to celebrate its completion is about to begin.


The Sun Herald reports (http://bit.ly/1eCuZwq ) company officials announced Wednesday the official grand opening will be May 1-3.


Tilman Fertitta, owner and chairman of parent company Landry's, will cut the ribbon on the $100 million renovation and expansion at noon May 2 at the new H20 swimming pool.


Bradley Rhines, vice president of marketing for Golden Nugget Biloxi, said except for the finishing touches, the work is done, including remodeling of all 700 rooms and suites, the expanded casino, new restaurants and lounges, H20 Pool and Bar, new shops, entertainment venue and meeting and convention space.



Michigan State grads to hear India IT entrepreneur


Michigan State University says that Indian information technology pioneer Azim Premji will speak at the school's undergraduate commencement May 2.


Premji is chairman of Bangalore, India-based Wipro Ltd. He began leading the company in the late 1960s, taking it from a $2 million hydrogenated cooking fat company into an IT and research and development organization with $8 billion in annual revenues.


The East Lansing school says Premji will address undergraduates at 1 p.m. at the Breslin Center and receive an honorary doctorate of humane letters


Michigan State says that ex-Lockheed-Martin Corp. chief executive Norman Augustine will address the graduation ceremony for advanced degree students later that day. He's speaking at 3:30 p.m. at Breslin and will get an honorary doctorate of science.


---


Online:


Commencement details: http://bit.ly/P5MgSy


http://www.wipro.com


http://bit.ly/1pcEJlO



Body of Syrian boy pulled from Bekaa river


BEIRUT: The body of a 13-year-old Syrian boy was pulled Thursday from a Bekaa Valley river where he was seen swimming earlier, security sources said.


They said Mustafa Mahmoud Sheikh al-Shabab was a Syrian refugee whose family had fled to Lebanon in order to protect their children from the war in their country.


Police and Civil Defense responders launched a search after reports that the boy had not resurfaced after going into the Taanayel river Wednesday.


Following an examination of the body, the coroner said the boy drowned.


The body was taken to the Bekaa Hospital.



Israel abducts Lebanese from Shebaa Farms


SIDON: Israeli forces Thursday released three of the five Lebanese shepherds abducted earlier in the day from the Shebaa Farms, south Lebanon, a security source told The Daily Star


Ismail Zaara and his brother, Hassan, along with three women were working on the Bastara farm when they were kidnapped, the source said.


Minutes later, the women were freed.


U.N. Interim Force in Lebanon as well as the Lebanese Army have launched an investigation into the incident and listened to the testimony of several witnesses.


Hezbollah's-Al-Manar television said the Israeli army crossed the Blue Line some 100 meters inside Lebanese territory to conduct the operation.



Servier, lab founder in drug scandal, dies at 92


Jacques Servier, the founder of France's second-largest pharmaceutical group who became ensnared in a scandal over a diabetes drug widely used for weight loss, has died.


Servier Research Group announced the death of 92-year-old Servier late Wednesday.


Servier and his lab were at the center of one of France's biggest health scandals, in which the drug Mediator was alleged to be responsible for the deaths of hundreds of people. The European Medicines Agency pulled Mediator from shelves when it found that its active ingredient, benfluorex, could lead to a dangerous thickening of heart valves. The ingredient is a derivative of fenfluramine, whose use in a diet drug in the U.S. was linked to similar problems.


In a statement, the lab said Servier's "life revolved around the research of innovative medicines."



Union Pacific railroad reports 1Q profit Thursday


Union Pacific will report its first-quarter earnings Thursday and discuss how much the severe winter affected operations.


Union Pacific is the second major airline to release results this week. CSX said Tuesday that winter weather contributed to a 14 percent drop in quarterly profit and snarled rail traffic.


Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $2.37 on $5.702 billion revenue.


Union Pacific reported net income of $957 million, or $2.03 per share, on $5.29 billion revenue in last year's quarter.


Omaha, Neb., based Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.



China factories face new challenge as growth slows


As China's growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient low cost producer is no longer enough to prosper.


Factories that had thrived by using cheap migrant labor to churn out inexpensive clothing, electronics and toys for export now face changing government priorities as a growth engine based on investment and trade loses its momentum after more than a decade of double-digit expansion.


At the same time, China's labor costs are rising and global demand is still weak, putting pressure on manufacturers to move into more advanced production, consolidate into bigger entities or shift to cheaper inland regions to survive.


Growth in the world's second-largest economy eased to 7.4 percent last quarter, the lowest since a mini-downturn in late 2012, government figures showed Wednesday.


Last year's expansion of 7.7 percent tied 2012 for the weakest since 1999. Leaders in Beijing have indicated that slower growth is the price to pay for long term changes to the economy that reduce its dependence on trade and industrial and infrastructure investment. Instead, they want growth to be sustainable, less polluting and based on domestic spending by 1.2 billion consumers.


Caught in the middle are companies like Linan Meite, which sells shipping-container loads of electronics cable to customers in Europe and North and South America.


Owner Sabrina Dong is thinking of upgrading the company's factory, one of more than 200 in Linan City in eastern Zhejiang province making coaxial and networking cable. Dong said she wants to buy a production line from Germany that can make the latest standard of computer networking cable, called Cat 7.


Only a handful of companies in China have it, so the investment would be a big competitive advantage. But the new machines plus an expanded factory building to house them would cost 30 million yuan ($5 million). The company doesn't have that much cash and Dong's father, who founded the company, is wary about borrowing to expand.


"I want to buy more machines to do high end cable," said Dong, whose company was one of several thousand looking for buyers at the Global Sources electronics trade fair in Hong Kong this week.


"But my father said no, because he has done business so many years in China. He knows China won't keep going like this" — she angled her hand upwards — "but come down like this," she said, pointing her hand to the floor.


It's one example of the dilemma in front of China's countless low-end manufacturers, which feel the pressure to upgrade but are squeezed by rising wages and costs and also are dealing with the uncertainty of a fragile and uneven global recovery.


"We have to understand that the Chinese economy has entered a new phrase of structural change and upgrading, so we must look at these reforms and changes with a new perspective of thinking," said Sheng Laiyun, a spokesman for China's National Bureau of Statistics, at a press briefing Wednesday.


Weakness in China's sprawling manufacturing industries was highlighted by figures last week that showed exports, long a big source of economic growth, shrank in March for the second month in a row.


"This will add to downside risks to growth and potentially weigh on job creation," HSBC economists Qu Hongbin, Sun Junwei and John Zhu said in a report.


Slower growth has raised hopes of support from the government. Premier Li Keqiang has already ruled out sweeping stimulus like the one following the 2008-09 global financial crisis, but Beijing has rolled out some small-scale measures. The latest, announced Wednesday, lowers the level of reserves that rural banks and other financial institutions need to hold and extends some tax breaks for small businesses.


Such measures are of no consequence to China's small entrepreneurs.


The government said it's helpful "but we have 100 reasons to doubt that," said Patrick Chan, marketing manager of iNotten, which is based in Shenzhen, next door to Hong Kong, and makes charging cables and battery packs for smartphones.


He complained that the policies seem mainly intended to benefit the country's giant state owned companies.


Chan said low-end manufacturing companies like his that blanket the Pearl River Delta region in Guangdong province face pressure not just from rising wages and costs but also from the local government, which is trying to "push away" the factories and instead attract more advanced companies and service industries, part of the broader effort to reshape the economy.


"We all think it's going to be tougher than before," he said.


Chan said some factories have started to move to inland provinces such as Jiangxi or Hunan, but he's staying put and trying to focus more on research and development.


David Sun, sales director for Honsunmount, which makes wall-mounting brackets for TVs and monitors in Ningbo, near Shanghai, said the yuan's recent depreciation was "good news" because earnings from its mostly European customers would be higher after they were converted into yuan.


He said higher order volumes would boost revenue for the company by 30 percent over last year. However, the company's mostly European customers are demanding bigger discounts, which will squeeze profit margins by 30 to 40 percent.


Profits will be "much smaller," he said as he waited for customers at his booth.



Gemayel to run for president: minister


BEIRUT: Kataeb leader Amin Gemayel is expected to declare his candidacy for the presidential election soon, making him the second presidential hopeful from the March 14 coalition.


“There is an arrangement for the Kataeb party to declare Gemayel as their candidate for the presidential election by next week,” Labor Minister Sejaan Azzi told The Daily Star Thursday.


Azzi’s comments come a day after Lebanese Forces leader Samir Geagea elaborated on his broad campaign platform before dozens of party cadres and representatives of various political parties, including the Kataeb, at his Maarab residence.


Parliament has until May 25, the end of President Michel Sleiman’s six-year-term, to vote for a new head of state.


Speaker Nabih Berri has called for a parliamentary session next week to elect a new president. But chances of achieving such progress appear low as no candidate appears capable of securing two-thirds of the vote by MPs.


According to Azzi, a senior Kataeb official, Gemayel's candidacy does not contradict that of Geagea.


“This is not a problem," he insisted. "We will have diversity among candidates and we might later reach some exchange of votes or a certain agreement to have a shared candidate.”


“This is all part of the democratic process," he added.


Although Geagea says he is confident his allies in the March 14 coalition will endorse his candidacy, the group has not yet thrown its weight behind any name.


Azzi explained that the March 14 coalition is in need of a moderate candidate that can win some votes from the March 8 rival camp, and that Gemayel possesses these qualities.


“The March 14 needs a candidate capable of attracting votes from the March 8 group; the votes of the March 14 lawmakers in Parliament would not be enough to elect the new president,” he said.


“We need a president that can cross alliances in the country, not only within the March 14.”


Geagea is known for his staunch criticism to Hezbollah, the leading party in the March 8 coalition, while Gemayel is known for keeping channels of communication with his rivals open.



New plant creating 155 jobs in Russell County


An automotive industry plant opening in south-central Kentucky will create 155 full-time jobs.


Germany-based Dr. Schneider Automotive Systems Inc. cut the ribbon Wednesday in Russell Springs on the $29 million parts manufacturing facility.


The company began renovating the building last fall. Gov. Steve Beshear's office says the 64,000-square-foot plant will make parts for companies such as Ford, BMW, Mercedes, Audi and others.


The state has approved the company for tax incentives of up to $4 million.



Asia stocks subdued, Nikkei weak on profit taking


Asian stock markets were subdued on Thursday, with Japan's Nikkei faltering as investors locked in profits after a strong rally.


Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank governor left investors unimpressed.


Other regional benchmarks were unable to find direction as disappointing first-quarter earnings reports from IBM and Google after the U.S. closing bell offset supportive comments from Federal Reserve Chair Janet Yellen, who said the central bank would continue to provide stimulus for the job market.


A rally in major U.S. benchmarks, which closed at least 1 percent higher, failed to filter through to Asia.


Trading was thin in some markets such as Hong Kong and Australia ahead of a long weekend.


Japan's Nikkei 225 index recouped earlier losses to edge up 0.2 percent to 14,362.94 after rising 3 percent on Wednesday.


Bank of Japan governor Haruhiko Kuroda said in a speech that the bank would make adjustments as needed to its ultra-loose monetary policy, and he reiterated his confidence that the policy is having the desired effect of stimulating the economy, according to Kyodo news agency.


South Korea's Kospi dropped 0.2 percent to 1,987.86. Hong Kong's Hang Seng climbed 0.3 percent to 22,759.41 and Australia's S&P/ASX 200 rose 0.6 percent to 5,452.50. In mainland China, the Shanghai Composite Index shed 0.2 percent to 2,101.37.


On Wall Street, the Dow rose 1 percent to 16,424.85 and the Standard & Poor's 500 rose 1.1 percent to 1,862.31. The Nasdaq composite rose 1.3 percent to 4,086.22.


In energy trading, benchmark crude oil for May delivery was up 24 cents to $104.00. The contract rose 1 cent to settle at $103.76 on Wednesday.


In currencies, the dollar slipped to 102.03 yen from 102.22 in late trading Wednesday. The euro rose to $1.3842 from $1.3820.



New Pikeville office to help entrepreneurs


A new office is opening in Pikeville to help startup companies in Appalachia.


The Kentucky Innovation Network office will be located on the University of Pikeville campus.


Economic Development Secretary Larry Hayes and Acting Business Development Commissioner Mandy Lambert were in Pikeville for the announcement Wednesday.


Gov. Steve Beshear's office says the network helps local companies assess ideas, develop business plans and find grants, loans and capital.


The Pikeville office will serve Breathitt, Floyd, Johnson, Knott, Letcher, Magoffin, Martin, Perry and Pike counties.


Beshear, U.S. Rep. Harold Rogers and others recently announced plans for an initiative known as Shaping Our Appalachian Region, with goals of recruiting and fostering business in the area. Rogers said in the news release from Beshear's office that the network will help entrepreneurs with the challenges of operating a business.



Human bones found under Aley estate


BEIRUT: Human bones have been found underneath a property in a village in the Mount Lebanon district of Aley, security sources said Thursday.


They said the discovery was made while plowing of the land owned by George M. in Bamkeen, Aley.


The cause of death is unexplained and no arrests have been made.


The sources told The Daily Star that forensics and a coroner have been called in to investigate the discovery.



Defend 'Obamacare' unabashedly, some Democrats say


With enrollments higher than expected, and costs lower, some Democrats say it's time to stop hiding from the president's health care overhaul, even in this year's toughest Senate elections.


Republicans practically dare Democrats to embrace "Obamacare," the GOP's favorite target in most congressional campaigns. Yet pro-Democratic activists in Alaska are doing just that, and a number of strategists elsewhere hope it will spread.


President Barack Obama recently announced that first-year sign-ups for subsidized private health insurance topped 7 million, exceeding expectations. And the Congressional Budget Office — the government's fiscal scorekeeper — said it expects only a minimal increase in customers' costs for 2015. Over the next decade, the CBO said the new law will cost taxpayers $100 billion less than previously estimated.


Republicans already were pushing their luck by vowing to "repeal and replace" the health care law without having a viable replacement in mind, said Thomas Mills, a Democratic consultant and blogger in North Carolina. Now, he said, Democrats have even more reasons to rise from their defensive crouch on this topic.


"Democrats need to start making the case for Obamacare," Mills said. "They all voted for it, they all own it, so they can't get away from it. So they'd better start defending it."


Even some professionals who have criticized the health care law say the political climate has changed.


"I think Democrats have the ability to steal the health care issue back from Republicans," health care industry consultant said Bob Laszewski said. "The Democratic Party can become the party of fixing Obamacare."


In truth, some Democratic lawmakers often talk of "fixing" the 2010 health care law. But it's usually in response to critics or in a manner meant to show their willingness to challenge Obama.


For instance, Sen. Mary Landrieu, D-La., who faces a tough re-election bid, used her first TV ad of the campaign to highlight her demand that Obama let people keep insurance policies they like.


But Landrieu and other hard-pressed Democrats have not gone as far as a pro-Democratic group in Alaska that is unabashedly highlighting the health law's strongest points.


The independent group Put Alaska First is airing a TV ad that praises Democratic Sen. Mark Begich for helping people obtain insurance even if they have "pre-existing conditions," such as cancer. The ad doesn't mention Obama or his health care law by name, but it focuses on one of the law's most popular features.


Other Democrats should consider such tactics, political consultant David DiMartino said.


"There is still time to tell the story of Obamacare to voters," he said. Democratic candidates don't want to be defined entirely by the health law, he said, "but now they can point to its successes to fend off the inevitable distortions."


GOP strategists don't agree. The recent upbeat reports might help Democrats temporarily, but "the negative opinion of Americans toward Obamacare is baked in," Texas-based Republican consultant Matt Mackowiak said. "If Obamacare was truly trending positively," he said, "Sebelius would have stayed, and Democrats in tough races would be picking a fight on Obamacare, instead of mostly hiding from it."


Kathleen Sebelius, the health and human services secretary closely associated with the health care law, is stepping down. Democrats say it's a sign that the biggest problems are past, but Senate Republicans vow to use her successor's confirmation hearings as another forum for criticizing the law.


Democrats hardest hit by anti-Obamacare ads — including Sens. Kay Hagan of North Carolina and Mark Pryor of Arkansas — continue to defend the health law when asked, but they generally focus on other topics, campaign aides say.


Polls don't suggest public sentiment is shifting toward Democrats, said Robert Blendon, a professor of health policy and political analysis at the Harvard School of Public Health. But with at least 7.5 million people enrolled despite last fall's disastrous rollout of insurance markets, Blendon said, Democrats have some strong new material to use.


"Each of the Democratic candidates is going to have to make a calculation on whether or not they can motivate Democrats," Blendon said. "For Democrats to get an advantage out of the law, they have to convince people they have something to lose if the Senate changes hands."


Republicans need to gain six seats to control the 100-member Senate.


New political problems might arise for the health care law before the Nov. 4 election. For instance, the individual requirement to carry health insurance remains generally unpopular, and now penalties may apply to millions of people who remain uninsured.


So far, Republicans have had an edge in public opinion, particularly when those with strong sentiments about the law are considered. A recent AP-GfK poll found that strong opponents outnumber strong supporters, 31 percent to 13 percent. And motivated voters often make the difference in low-turnout nonpresidential elections. But the poll also found that most Americans expect the health law to be changed, not repealed.


That puts Republicans in a tricky situation: GOP primary voters demand repeal, but general election voters in November are looking for fixes.


"It's not a cheap and easy political target anymore," Laszewski said. "Republicans are going to have to tell us what they would do different."


Democrats deride GOP proposals to "replace" the 2010 health care law, saying they collapse under close scrutiny. Since they generally contemplate a smaller federal government role, many of the GOP ideas are likely to leave more people uninsured. Some approaches do not completely prohibit insurers from turning away people with pre-existing medical conditions.


Economist Douglas Holtz-Eakin, who advises many top Republicans, said the emerging GOP plans aren't tied to the ups and downs of Obama's law but look ahead to the 2016 presidential election, when the party will need alternatives.


Ultimately, he said, "there can't be a Republican 'replace.' ... There needs to be a bipartisan reform." That doesn't seem likely, but Holtz-Eakin said it was the only kind of change that will prove durable.


Democrats can cheer the latest statistics, "but they are not out of the woods yet," he said. "They have waived and deferred a million things they knew were unpopular, and those are still out there."



AP Director of Polling Jennifer Agiesta contributed to this report.


NY comptroller says dubious tax refunds blocked


The New York Comptroller's Office reports stopping more than $24 million in questionable personal income tax refunds so far this year, saying it has found 7,482 improper filings, up 18 percent from last year.


The office has audited and approved 4.8 million state refund requests totaling $4.3 billion, with another 346,000 refund requests for $352.5 million expected to be paid soon.


Comptroller Thomas DiNapoli says tax cheats are continually coming up with "new schemes to get money they aren't entitled to."


The comptroller's office audits state bills before payment, including personal income tax refunds.


In 4,805 instances involving income totaling $16,043,950, taxpayers claimed ineligible refundable credits, such as for fake or an inflated number of dependents, or understated income.



AP Photos: Colorado hosts its own fracking boom


Workers bustle at an oil and gas drilling site near Mead, Colo., a town of about 3,800 people north of Denver.


The hydraulic fracturing operation, also known as "fracking," and others like it pump hundreds of thousands of gallons of water, mixed with fine sand and chemicals, deep underground to split the rock, and make the oil — and dollars — flow.


But the drilling has come much too fast — and too close — for several communities, where fracking bans have been enacted out of concern about its possible impact on groundwater. The state government and the energy industry are challenging those prohibitions.


In this photo essay, AP Photographer Brennan Linsley looks inside a walled-off fracking facility, one of many sites reversing decades of declining oil production in the state.



NY AG reaches agreement with GrubHub over tips


Attorney General Eric Schneiderman has reached an agreement with the online food delivery company GrubHub Inc. to ensure that the tips it collects from customers will be given to the workers they were intended for.


Schneiderman said Wednesday the investigation into GrubHub, which merged with Seamless last year, found that the company charged a fee to restaurants based on the total food, drink, tax and tip. Once the fee was deducted, the remainder was returned to the restaurant.


Schneiderman said that under state labor law, employers are prohibited from keeping portions of an employee's tip and the fee created an incentive for restaurants to not pay workers their full tips.


GrubHub says it is working closely with Schneiderman to ensure their policies comply with the labor laws.