Wall Street flat as rally runs out of steam, results eyed

NEW YORK (Reuters) - U.S. stocks were little changed in late morning trading on Wednesday as investors awaited fresh trading incentives after recent rallies took the S&P 500 to five-year highs.

Transportation stocks were among the worst performers, weighed down by a 10-percent drop in CH Robinson Worldwide to $60.49 after it reported fourth-quarter earnings.

The Dow Jones Transportation index <.djt> shed 0.5 percent after closing at a record high Tuesday for a gain of more than 10 percent in 2013.

A 6-percent advance this year so far has lifted the benchmark S&P 500 index to its highest since December 2007, while the Dow <.dji> briefly climbed above 14,000 recently, making it a challenge for investors to continue pushing the equity market upward in the absence of strong catalysts.

"Overall, we believe that the next near-term market dip should provide an opportunity to buy stocks ahead of rallies higher in the coming months, but we are skeptical about the long-term sustainability of these gains due to the maturing age of the bull market," said Ari Wald, equity research analyst at C&Co\PrinceRidge in New York.

The tech-heavy Nasdaq index was supported by Apple Inc , which rose 1.2 percent to $463.62.

Walt Disney Co was among the bright spots, up 0.9 percent at $54.77, after the company beat estimates for quarterly adjusted earnings and gave an optimistic outlook for the next few quarters.

According to Thomson Reuters data through Wednesday morning, of 301 companies in the S&P 500 <.spx> that have reported earnings, 68.1 percent have exceeded analysts' expectations, above a 62 percent average since 1994 and 65 percent over the past four quarters. In terms of revenue, 65.8 percent of companies have topped forecasts.

Looking ahead, fourth-quarter earnings for S&P 500 companies are expected to grow 4.7 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.

The Dow Jones industrial average <.dji> was down 11.25 points, or 0.08 percent, at 13,968.05. The Standard & Poor's 500 Index <.spx> was up 0.05 points, or 0.00 percent, at 1,511.34. The Nasdaq Composite Index <.ixic> was up 2.69 points, or 0.08 percent, at 3,174.27.

The benchmark S&P index rose 1.04 percent Tuesday, its biggest percentage gain since a 2.5-percent advance on January 2, when legislators sidestepped a "fiscal cliff" of spending cuts and tax hikes that could have hurt a fragile U.S. economic recovery.

Ralph Lauren Corp climbed 7.1 percent to $176.57 as the best performer on the S&P 500 after reporting renewed momentum in its holiday-quarter sales and profits.

Time Warner Inc jumped 4.1 percent to $51.99 after reporting higher fourth-quarter profit that beat Wall Street estimates, as growth in its cable networks offset declines in its film, TV entertainment and publishing units.

(Editing by Bernadette Baum)

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At War Blog: Remembering Chris Kyle, a Deadly American Sniper

In the fall of 2006, my infantry platoon gathered in a dusty patrol base in Baghdad to watch our own being killed in fuzzy, pixilated video clips. An insurgent sniper named Juba was terrorizing Baghdad with precise and methodical shots at allied troops, and it was all captured on film. A soldier in a turret falls in a puff of smoke. Another soldier standing along a road is shot in the head.

“Don’t let this be you,” our platoon sergeant said, and we headed out for another patrol.

No one knew if Juba was real or a myth. He was a European mercenary or a Syrian jihadist, depending on whom you asked. For American troops, Juba was a terror, but for the insurgents, he must have been a comforting legend.

Chris Kyle, a former Navy SEAL who was killed Saturday along with another man at a gun range in Texas, was our Juba. Mr. Kyle, 38, wasn’t just a legend. He was The Legend, with four tours in Iraq, two Purple Hearts and a hand in every major battle during the conflict.

Mr. Kyle earned the title of America’s deadliest sniper, something not lost on the Iraqi insurgency. They put a bounty on his head and called him Al Shaitan Ramadi: the Devil of Ramadi. Mr. Kyle’s book, “American Sniper: The Autobiography of the Most Lethal Sniper in U.S. Military History,” was published last year.

Snipers have enjoyed a disproportionate amount of influence on the battlefield since colonial sharpshooters began targeting British officers in the Revolutionary War — an act regarded as ungentlemanly at the time. They have bogged down invading forces and shredded morale into ribbons. When the Soviet Union invaded Finland during the Winter War of 1939-40, the Finnish sniper Simo Hayha took on entire units by himself, racking up more than 500 confirmed kills in less than 100 days. The Soviets called him White Death. It seems that only snipers and generals earn nicknames and respect from their enemies.

A vital job of Mr. Kyle’s was to provide overwatch for American soldiers and Marines as they maneuvered during patrols and raids — an angel of sorts for coalition troops. Mr. Kyle took that idea to form Fitco Cares Foundation, a nonprofit organization that helps veterans cope with post-traumatic stress disorder. Mr. Kyle often took veterans struggling with PTSD to gun ranges for a therapy of sorts, and in a tragic twist, the former Marine accused of killing Mr. Kyle was a veteran who may have been struggling with the disorder.

RIP CHRIS KYLE. You were a great sniper, honorable navy seal, and great human being.

— Tim Kennedy (@TimKennedyMMA) February 3, 2013

Mr. Kyle’s impact on troops and veterans was apparent when news of his death spread quickly on Facebook and Twitter. “In Memory of Chris Kyle, American Hero,” said one image posted to a page for war veterans on Facebook. A tribute page for him was set up within hours of his death, which posted a picture of Mr. Kyle against a black background. “Chris Kyle, 1974-2013, U.S. Navy SEAL, 160 confirmed kills. Gone,” the accompanying text says, “but not forgotten.”

To the man that stared down evil in the crosshairs.. we salute you Chris Kyle.The Devil of Ramadi NAVY SEAL 1974-2013 twitter.com/SEALofHonor/st…

— SEALofHonor (@SEALofHonor) February 3, 2013

@mattgallagher83 All the things he did and lived through and he got murdered at a gun range in America?That’s Ira Hayes tragic.

— rarey4 (@rarey4) February 3, 2013

Troops and veterans understand that snipers are not simply precise killers, but watchers of men, on both sides. They spot for artillery and scan for enemy movement. They disrupt enemy snipers, harass enemy troops and haunt the dreams of their generals. For that, they are pursued relentlessly.

But Mr. Kyle’s grim talent of killing the enemy was not a source of guilt for him. What did seem to bother him were the things that he couldn’t do.

“It was my duty to shoot the enemy, and I don’t regret it,” he told Texas Monthly last year. “My regrets are for the people I couldn’t save: Marines, soldiers, buddies.”

A profound dedication to the safety of fellow troops will always mark snipers generally, and Mr. Kyle in particular, both in and out of war. And for the battle to return home that can last decades, veterans everywhere lost a good man watching over them.

I’m willing to bet Iraqi insurgents had the same debates and fears about the Devil of Ramadi that we did about Juba. Was he even real? Could he ever be killed? For both sides, only one thing was certain: he was more than a man and a rifle.

Thanks for looking out, Chris.

Alex Horton is a public affairs specialist at the Department of Veterans Affairs, where he writes for the department’s blog, Vantage Point. He served for 15 months as an infantryman in Iraq with the Third Stryker Brigade, Second Infantry Division. Follow him on Twitter.


Related Coverage:

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Kate Winslet Shows Off Her Wedding Ring From Ned Rocknroll

Stylewatch
Style News Now

02/05/2013 at 11:22 AM ET

Bauer-Griffin

When Kate Winslet married Ned Rocknroll in December, she got a killer new family name — and it turns out the ring that came with it isn’t half-bad either!

While grocery shopping in Hampshire, England, the actress, 37, gave the first glimpse of her engagement ring since Rocknroll, 34, proposed last summer — plus the wedding band she received from him in early December. It appears to be a simple yellow-gold setting with a solitaire stone and a matching band.

It would seem that Winslet has a preference for bold, chunky rings; her previous wedding ring (from her marriage to Sam Mendes) consisted of thick silver-colored bands with inlaid stones.

Tell us: What do you think of Winslet’s rings from Ned Rocknroll?
–Alex Apatoff

PHOTOS: SEE MORE STAR MEMBERS OF THE ‘GINORMOUS CARAT CLUB!’

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

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

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Wall Street extends gains; Nasdaq up 1 percent

NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Nasdaq gaining more than 1 percent, as investors sought bargains following the market's worst daily session since November and more companies reported results that beat Wall Street's expectations.

The Dow Jones industrial average <.dji> was up 114.81 points, or 0.83 percent, at 13,994.89. The Standard & Poor's 500 Index <.spx> was up 13.63 points, or 0.91 percent, at 1,509.34. The Nasdaq Composite Index <.ixic> was up 30.81 points, or 0.98 percent, at 3,161.98.

(Reporting By Angela Moon; Editing by Kenneth Barry)

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The Lede Blog: Malala Yousafzai, Pakistani Girl Shot by Taliban Militants, Speaks in New Videos

Last Updated, 12:09 p.m. Speaking on camera for the first time since she survived an assassination attempt by the Pakistani Taliban last year, the young activist Malala Yousafzai began with the words, “Today you can see that I’m alive.” The 15-year-old, who was shot in the head as she left school in the Pakistan’s Swat Valley four months ago, promised that she would continue to be an outspoken advocate of the right for “every girl, every child, to be educated.”

In the brief statement, the young advocate attributed her survival to the prayers of her supporters and urged them to contribute to a fund established in her name to further the cause of education for girls. “Because of these prayers, God has given me this new life,” Ms. Yousafzai said. “And this is a second life; this is a new life. And I want to serve, I want to serve the people.”

A video statement from Malala Yousafzai, a young Pakistani activist who was shot in the head by Taliban militants.

According BBC News, the English-language statement was recorded before Ms. Yousafzai underwent surgery at the Queen Elizabeth Hospital in Birmingham, England, over the weekend to repair damage to her skull caused by the bullet fired into her head at point-blank range in October.

On Monday, the hospital released more video of the young patient, speaking to one of her doctors after the five-hour operation to reconstruct her skull and implant a device to restore hearing to her left ear.

Video of Malala Yousafzai speaking to a doctor in Birmingham, England after an operation on Saturday.

“I’m feeling alright and I’m happy that the operations, both the operations, were successful,” she told Dr. Mav Manji, a critical care specialist at Queen Elizabeth Hospital. Asked about the future, she said, “My mission is the same, to help people, and I will do that.” She also expressed her gratitude to the doctors in Pakistan and Britain who cared for her. “God gave me a new life,” she said, “because of the prayers of people and because of the talent of doctors.”

As Fatima Manji of Britain’s Channel 4 News reports, the activist also recorded statements in Urdu and Pashto, languages spoken in Pakistan and Afghanistan.

#Malala has released her first public statement on camera #c4news http://t.co/2ZJKCwCO

— Fatima Manji (@fatimamanji) 4 Feb 13

#Malala spoke in English, Urdu and Pashto. She has launched the Malala fund to support education for girls. http://t.co/dxtaeeGt #c4news

— Fatima Manji (@fatimamanji) 4 Feb 13

In her Urdu statement #Malala says she is willing to “sacrifice herself again” so that all children can get an education. #c4news

— Fatima Manji (@fatimamanji) 4 Feb 13

The video statement was produced for the Vital Voices Global Partnership, a nongovernmental organization based in Washington “that identifies, trains and empowers emerging women leaders,” which will administer the new “Malala Fund,” in cooperation with the young activist and her family.

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The Future of BlackBerry 10 Sales Looks Hazy

Early sales figures from abroad suggest high demand for one of BlackBerry‘s two big comeback phones… in the struggling Canadian company’s strongest market. As the U.S. market remains on standby for sales and even ads, reports from both analysts and suppliers suggest sold-out new models in the United Kingdom, the first and only place the BlackBerry Z10 is available yet. “We believe Carphone Warehouse is seeing widespread sell-outs, while O2, Vodafone, Orange and EE are seeing robust demand,” Jefferies analyst Peter Misek writes. “We estimate sell-in to be at least several hundred thousand units,” he added. It’s not that these sales aren’t deserved — the gadget reviewers loved the touchscreen Z10, for the most part, and the full-keyboard Q10 model that also works with the new BlackBerry 10 OS isn’t on sale anywhere yet. But if any place would like a touchscreen BlackBerry, it would be the UK. Because the British may not have abandoned the smartphone keyboard, but they fell out of love it with a lot more slowly than Americans did  — BlackBerry held on to 12 percent of its market share there last year, compared to the 2 percent in the U.S. Unfortunately for the company formerly known as Research in Motion, the earliest signs suggest the Z10 may not change that lack of enthusiasm in the states.

RELATED: Everything You Need to Know About BlackBerry 10

The lack of stateside BlackBerry enthusiasm starts with American wireless carriers. U.S. customers can’t even buy the Z10 until sometime in March — we’ll be the last country to get it in this initial wave. The delay stems from a Federal Communications Commission approval process that will take weeks. While that might sound like a regulatory technicality, it may also reflect a lack of excitement to get the phone out there. None of the cellphone companies have started taking pre-sale orders, and all but one failed to provide an executive quote playing up the new BlackBerry, as PC Mag’s Sascha Segan pointed out. Sprint won’t even sell the Z10, opting to push out the more traditional Q10 and its signature keyboard when that phone starts to hit carriers in April. 

RELATED: Blackberry’s New OS Met With Resounding ‘Meh’

The Z10 sales delay could work in BlackBerry’s favor in one peculiar way — it should give consumers enough time to forget about the very weird, very desperate product unveiling. Still, two months is also enough time for initial hype to wear off, as other, newer phones get more and more attention — the much anticipated Samsung Galaxy SIV will supposedly come out around March as well. To keep Americans excited, BlackBerry has spent hundreds of millions on an ad campaign in the U.S., reports The Wall Street Journal. But the company’s new Super Bowl ad, which focused on all the things the new BlackBerry can’t do, has techies baffled:

RELATED: Look How Desperate the BlackBerry 10 Unveiling Event Actually Was

RELATED: RIM Says Sorry to Customers with Free Apps

“It’s just hard to see how you can introduce a new product without covering a single feature,” wrote The Verge’s T.C. Sotteck of the new spot. Lucky for BlackBerry, the ad was a one-time Super Sunday move. Its “Keep Moving” campaign, which focuses on what the phone can do, will debut today. The 60-second preview sampled over at The Verge sounds like it does a better job selling Z10′s features. “[The ad] featured a side-scrolling view of people moving through different variations on work and play: a nod to the company’s enterprise-focused heritage,” Sottech writes.

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Richard III's Remains Confirmed After Being Found Under a Parking Lot

By Stephen M. Silverman

02/04/2013 at 11:25 AM EST

"Off with his head!"
– Shakespeare's King Richard III, Act III, Scene IV.

In a stunning archaeological discovery, British scientists announced Monday that DNA results confirm "beyond reasonable doubt" that the human remains found under a parking lot in Leicester, central England, are those of the nation's King Richard III – who was killed two years into his reign, at the Battle of Bosworth Field in 1485. He was 33.

"We're certain now, as certain as you can be of anything in life," said Richard Taylor, the University of Leicester registrar who coordinated the team of archaeologists, historians, genealogists and geneticists who, since the bones were discovered five months ago, set out to identify the remains, reports The New York Times.

Archaeologists say Richard – one of the most reviled monarchs in history, scheming, murderous, and physically deformed, as Shakespeare's play reminds audiences to this day – met his own violent death. As shown in his remains, he received two severe blows to the head, and that's not all, reports CNN.

The lead archeologist on the project, Richard Buckley, said it looks like Richard, who suffered curvature of the spine, was buried with his hands tied.

"The skull was in good condition, although fragile, and was able to give us detailed information," added Jo Appleby, a university lecturer in human bioarchaeology involved in the project.

The DNA tests were conducted with matches from the skeleton – found when archaeologists used ground-penetrating radar – and from Michael Ibsen, a Canadian who is a direct descendent of Richard's sister Anne of York.

Ibsen, a cabinetmaker, told CNN he reacted with "stunned silence" when told the top-secret results on Sunday. "I never thought I'd be a match, and certainly not that it would be so close, but the results look like a carbon copy," he said.

Next up for Richard, once his remains are more closely examined: a reburial, this time in Leicester Cathedral, in a memorial service likely to take place early next year.

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Bullying study: It does get better for gay teens

CHICAGO (AP) — It really does get better for gay and bisexual teens when it comes to being bullied, although young gay men have it worse than their lesbian peers, according to the first long-term scientific evidence on how the problem changes over time.

The seven-year study involved more than 4,000 teens in England who were questioned yearly through 2010, until they were 19 and 20 years old. At the start, just over half of the 187 gay, lesbian and bisexual teens said they had been bullied; by 2010 that dropped to 9 percent of gay and bisexual boys and 6 percent of lesbian and bisexual girls.

The researchers said the same results likely would be found in the United States.

In both countries, a "sea change" in cultural acceptance of gays and growing intolerance for bullying occurred during the study years, which partly explains the results, said study co-author Ian Rivers, a psychologist and professor of human development at Brunel University in London.

That includes a government mandate in England that schools work to prevent bullying, and changes in the United States permitting same-sex marriage in several states.

In 2010, syndicated columnist Dan Savage launched the "It Gets Better" video project to encourage bullied gay teens. It was prompted by widely publicized suicides of young gays, and includes videos from politicians and celebrities.

"Bullying tends to decline with age regardless of sexual orientation and gender," and the study confirms that, said co-author Joseph Robinson, a researcher and assistant professor of educational psychology at the University of Illinois in Urbana-Champaign. "In absolute terms, this would suggest that yes, it gets better."

The study appears online Monday in the journal Pediatrics.

Eliza Byard, executive director of the Gay, Lesbian & Straight Education Network, said the results mirror surveys by her anti-bullying advocacy group that show bullying is more common in U.S. middle schools than in high schools.

But the researchers said their results show the situation is more nuanced for young gay men.

In the first years of the study, gay boys and girls were almost twice as likely to be bullied as their straight peers. By the last year, bullying dropped overall and was at about the same level for lesbians and straight girls. But the difference between men got worse by ages 19 and 20, with gay young men almost four times more likely than their straight peers to be bullied.

The mixed results for young gay men may reflect the fact that masculine tendencies in girls and women are more culturally acceptable than femininity in boys and men, Robinson said.

Savage, who was not involved in the study, agreed.

"A lot of the disgust that people feel when you bring up homosexuality ... centers around gay male sexuality," Savage said. "There's more of a comfort level" around gay women, he said.

Kendall Johnson, 21, a junior theater major at the University of Illinois, said he was bullied for being gay in high school, mostly when he brought boyfriends to school dances or football games.

"One year at prom, I had a guy tell us that we were disgusting and he didn't want to see us dancing anymore," Johnson said. A football player and the president of the drama club intervened on his behalf, he recalled.

Johnson hasn't been bullied in college, but he said that's partly because he hangs out with the theater crowd and avoids the fraternity scene. Still, he agreed, that it generally gets better for gays as they mature.

"As you grow older, you become more accepting of yourself," Johnson said.

___

Online:

Pediatrics: http://www.pediatrics.org

It Gets Better: http://www.itgetsbetter.org

___

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

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Nasdaq slides 1 percent; Dow, S&P 500 fall further

NEW YORK (Reuters) -Stocks added to losses, with the Nasdaq falling more than 1 percent, on Monday as the market retreated from recent gains and as data on factory orders fell short of expectations.

The Dow Jones industrial average <.dji> was down 121.37 points, or 0.87 percent, at 13,888.42. The Standard & Poor's 500 Index <.spx> was down 13.55 points, or 0.90 percent, at 1,499.62. The Nasdaq Composite Index <.ixic> was down 35.02 points, or 1.10 percent, at 3,144.07.

(Reporting By Caroline Valetkevitch; Editing by Kenneth Barry)

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