Thursday, December 1, 2011

How the major stock indexes fared on Tuesday (AP)

A jump in U.S. consumer confidence sent stocks modestly higher Tuesday. Investors were also encouraged by new efforts from European leaders to find more aggressive cures for the region's debt crisis. Technology stocks lagged.

The Dow Jones industrial average rose 32.62 points, or 0.3 percent, to close at 11,555.63.

The Standard & Poor's 500 index rose 2.64, or 0.2 percent, to 1,195.19.

The Nasdaq composite index fell 11.83, or 0.5 percent, to 2,515.51.

For the week to date:

The Dow Jones industrial average is up 323.85 points, or 2.9 percent.

The Standard & Poor's 500 index is up 36.52, or 3.2 percent.

The Nasdaq composite index is up 74, or 3 percent.

For the year to date:

The Dow is down 21.88 points, or 0.2 percent.

The S&P 500 is down 62.45, or 5 percent.

The Nasdaq is down 137.36, or 5.2 percent.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20111129/ap_on_bi_ge/us_wall_street_box

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Adulterous male birds encourage bad behavior

Males that stray from the nest for adulterous adventures may leave an opening for their mates to cheat, new research on great tit birds suggests.

While these absentee males end up with more adopted chicks from the female mate's flings, they also leave their own offspring in other nests. On average, the "bold" males have the same number of chicks as males who stay home.

"If a male has a bold personality score, he has more extra-pair young ? more of his paternity will come from outside of his own nest than from within," study researcher Samantha Patrick, of the Center for Biological Studies Chiz?, in France, told LiveScience. "Because the male is absent, his female is unprotected."

Opportunistically monogamous
Great tit birds are socially monogamous, which means they stick with one partner for life. Based on previous work, though, the researchers knew that the bolder, more adventurous of the species tend to cheat on their partner. The researchers weren't sure if this actually gave the bold males more offspring, since it lets their mates cheat as well.

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    4. Adulterous male birds encourage bad behavior

For three years, the researchers studied a wild group of great tits (Parus major), a small common European and Asian bird, nesting in boxes near Oxford University. The researchers captured wild birds from the area and studied how they reacted to a new environment in the lab. The "bold" birds were more adventurous and inquisitive in the new environment, exploring the nooks and flying from perch to perch.

The researchers took samples of the birds' DNA and released them into the wild. The researchers then used that DNA information to determine which chicks came from which fathers and how this correlated with the dads' boldness scores.

About 13 percent of the chicks were offspring from extra-pair mating by the males, with about half of the nests holding offspring from "adulterous affairs." The males scoring highest on boldness the most likely to have extra-pair chicks. But because these cheating males spent more time away from the nest, their female mates had more chicks from other males as well. In the end, wandering males had no more offspring than their stay-at-home brethren.

"Males that were very bold, that explored very quickly, they were much less faithful to their mate, but they also had less paternity in their nests," Patrick said. "What it showed was that your personality didn't predict your fitness, how many young you had, but it predicted the mating strategy though which you had those young."

Kees van Oers, a researcher at the Netherlands Institute of Ecology, told LiveScience in an email that the study is "very valuable" because, "the role of personality in mating decisions and extra-pair paternity is not well studied." There are slight differences between this study and a previous one by his own group possibly because the study group of birds was larger and enabled the researchers to look closely at the associations between birds and their offspring, or because of the different locations used (his study was in the Netherlands).

Benefits of being bold
Not all of the bold males were as successful cheaters as others, with some fathering one chick outside the nest while others may have fathered four or five. The researchers suggest the bird's surroundings could impact their success: If a bold male is surrounded by shy males, he may be more successful at fathering more offspring with females that aren't his mate.

"It might be a byproduct of their personalities, of their level of exploration, bold birds may be more active, they may be encountering other females, and have the opportunity," Patrick said. "Shy birds may explore less and encounter fewer other birds, and therefore be more faithful to their mate."

Tough environmental conditions may also give some bold birds a leg up, since bold birds range farther in search of food and tend to be more dominant in territorial squabbles. The result is more success at surviving ? and thus, passing on their genes.

The study is published Nov. 30 in the journal Proceedings of the Royal Society B: Biological Sciences.

You can follow LiveScience staff writer Jennifer Welsh on Twitter @microbelover. Follow LiveScience for the latest in science news and discoveries on Twitter@livescience? and on Facebook.

? 2011 LiveScience.com. All rights reserved.

Source: http://www.msnbc.msn.com/id/45485126/ns/technology_and_science-science/

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Wednesday, November 30, 2011

Jackson doctor called suicidal after verdict (AP)

LOS ANGELES ? A judge's stern voice broke the silence of a Los Angeles courtroom: "Money for madness medicine," he said before sentencing Dr. Conrad Murray to the maximum four years behind bars for Michael Jackson's death.

"Absolutely no sense of fault, and is and remains dangerous" to the community, Judge Michael Pastor said as he delivered a nearly half-hour tongue lashing that denounced Murray as a greedy, remorseless physician whose gross negligence killed the King of Pop.

Pastor said Murray sold out his profession for a promised fee of $150,000 a month and accused Murray of committing a "horrific violation of trust" when he agreed to give Jackson a powerful anesthetic every night as an unorthodox cure for insomnia.

Murray will likely serve less than two years in county jail, not state prison, because of California's overcrowded prisons and jails. Sheriff's officials said he will be housed in a one-man cell and be kept away from other inmates.

The tall, imposing Murray, who has been in jail for three weeks, was allowed to change into street clothes ? a charcoal gray suit and white shirt ? for court. But he wore prison issue white socks and soft slippers.

Jackson's family said in a statement read in court that they were not seeking revenge but a stiff sentence for Murray that served as a warning to opportunistic doctors. Afterward, they said they were pleased with the judge's sentence.

"We're going to be a family. We're going to move forward. We're going to tour, play the music and miss him," brother Jermaine Jackson said.

After sentencing, Murray mouthed the words "I love you" to his mother and girlfriend in the courtroom. Murray's mother, Milta Rush, sat alone on a bench in the courthouse hallway.

"My son is not what they charged him to be," she said quietly. "He was a gentle child from the time he was small."

Of her son's future, she said, "God is in charge."

Murray, 58, was convicted of involuntary manslaughter after a six-week trial that presented the most detailed account yet of Jackson's final hours, a story of the performer's anguish over being unable to sleep.

Pastor was relentless in his bashing of Murray, saying the physician lied repeatedly and abandoned Jackson when he was at his most vulnerable ? under the anesthesia that Murray administered in an unorthodox effort to induce sleep.

"It should be made very clear that experimental medicine is not going to be tolerated, and Mr. Jackson was an experiment," he said.

Propofol is supposed to be used in hospital settings and has never been approved for sleep treatments, yet Murray acknowledged giving it to Jackson then leaving the room on the day the singer died.

As for defense arguments that Jackson tempted his own fate when he demanded propofol, Pastor said, "Dr. Murray could have walked away and said no as countless others did. But Dr. Murray was intrigued with the prospect of this money-for-madness medicine."

Pastor said Murray was motivated by a desire for "money, fame and prestige" and cared more about himself than Jackson.

The doctor was deeply in debt when he agreed to serve as Jackson's personal physician for $150,000 a month during his comeback tour. The singer, however, died before Murray received any money.

"There are those who feel Dr. Murray is a saint and those who feel he is the devil," Pastor said. "He is neither. He is a human being who caused the death of another human being."

Defense attorney Ed Chernoff implored Pastor to look at Murray's life and give him credit for a career of good works. "I do wonder whether the court considers the book of a man's life, not just one chapter," Chernoff said.

The judge responded: "I accept Mr. Chernoff's invitation to read the whole book of Dr. Murray's life. But I also read the book of Michael Jackson's life, including the sad final chapter of Dr. Murray's treatment of Michael Jackson."

Chernoff suggested that Murray is being punished enough by the stigma of having caused Jackson's death. "Whether Dr. Murray is a barista or a greeter at Walmart, he is still the man that killed Michael Jackson," he said.

The judge said one of the most disturbing aspects of Murray's case was a slurred recording of Jackson recovered from the doctor's cell phone. His speech was barely intelligible and Murray would say later Jackson was under the influence of propofol.

Pastor suggested Murray might have been planning to use it to blackmail Jackson if there was a falling out between them. "That tape recording was Dr. Murray's insurance policy," Pastor said.

Defense attorneys never explained in court why he recorded Jackson six weeks before his death. In the recording, Jackson talked about the importance of making his shows on the comeback tour "phenomenal."

Jackson's death in June 2009 stunned the world, as did the ensuing investigation that led to Murray being charged in February 2010.

Murray declined to testify during his trial but did participate in a documentary in which he said he didn't consider himself guilty of any crime and blamed Jackson for entrapping him into administering the propofol doses.

"Yikes," the judge said. "Talk about blaming the victim!"

Murray's attorneys presented 34 letters from relatives, friends and former patients to win a lighter sentence. They described Murray's compassion as a doctor, including accepting lower payments from his mostly poor patients.

In their sentencing memorandum, prosecutors cited Murray's statements to advocate for the maximum term. They also want him to pay restitution to the singer's three children ? Prince, Paris and Blanket.

The exact amount Murray has to pay will be determined at a hearing in January.

In the meantime, sheriff's officials said Murray will serve a little less than two years behind bars. A recent change in California law requires Murray to serve his sentence in county jail rather than state prison.

District Attorney Steve Cooley said he was considering asking Pastor to modify the sentence to classify the crime as a serious felony warranting incarceration in state prison.

"This is going to be a real test of our criminal justice system to see if it's meaningful at all," Cooley said.

___

AP Entertainment Writer Anthony McCartney and writer Jeff Wilson contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//news.yahoo.com/s/ap/20111130/ap_en_ot/us_michael_jackson_doctor

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Monday, November 28, 2011

Europe bond yields to keep stocks spellbound (Reuters)

NEW YORK (Reuters) ? U.S. investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger.

As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign bond yields that have kept markets on edge.

Yields rose in almost every euro-zone country this week, and Germany failed to find enough bids for a 10-year auction. The S&P 500 reacted by posting a second straight week of declines and its worst week in two months.

Politicians are scrambling to find a way out of a two-year-old sovereign debt crisis in the euro zone and a visit to Washington from top European Union officials, as well as a meeting of euro-zone finance ministers, will provide the market with headlines and possibly add to uncertainty.

With the specter of rising yields, France, Britain, Italy, Belgium and Spain are holding debt sales next week. The direction of bond yields will determine the direction of equity markets.

"Politicians are trying to buy themselves time so austerity measures kick in and impact budgets and deficits and markets become more forgiving and rates come down," said Wasif Latif, vice president of equity investments at the San Antonio, Texas-based USAA Investment Management, which manages about $45 billion.

"The credit market and fixed income are a little bit more in the eye of storm; that's where the issue is rising, so equities are more reactionary," he said. "You may continue to see more of the same."

Investors have worried about rising borrowing costs in many euro-zone nations, but Italy, the third-largest euro zone economy, has grabbed most of the focus. On Friday Rome paid a record 6.5 percent to borrow for six months and almost 8 percent to issue two-year zero coupon bonds.

Many market participants have said that the sharply differentiated risk-on and -off trades that the euro zone crisis has generated has seen equities being sold as an asset class, with little or no difference between strong and week balance sheets and earnings reports. But a wedge has opened at least from a global perspective, as data show stocks of companies with more exposure to Europe are underperforming.

POLITICS TO DRIVE THE WEEK

President Barack Obama will meet on Monday with European Council President Herman van Rompuy and European Commission President Jose Manuel Barroso, and Europe's response to the two-year sovereign debt crisis is expected to top the agenda.

"The only thing that will come out of that is speculation," said Todd Salamone, vice president of research at Schaeffer's Investment Research in Cincinnati, referring to the meeting in Washington.

"It will come down to the U.S. trying to convince European leaders to get something in place to solve this crisis."

Not many hopes are set either on Tuesday's meeting where euro-zone finance ministers are expected to agree on how to further strengthen the region's bailout fund.

On Thursday, European Central Bank President Mario Draghi presents the bank's annual report to the European parliament.

As the latest reminder from markets to politicians that they are running out of time, Belgium's credit rating was downgraded by Standard & Poor's.

IF EUROPE ALLOWS, DATA WILL BE KEY

Some of the most important U.S. economic monthly data will be released next week, but will it be enough to unlink the stock market's behavior and European yields.

New home sales and the S&P/Case-Shiller home prices index will start the week showing if the housing market continues on life support. Data on confidence among consumers, who flooded U.S. stores on Friday as the holiday shopping season started, will be released on Tuesday.

The Institute for Supply Management's manufacturing report is due, with investors not only looking at the U.S. number on Wednesday but also factory readings from Europe and China on Thursday.

By midweek labor data takes over with the private sector employment report from ADP and Challenger's job cuts report, followed Thursday by the weekly jobless claims numbers and topped by Friday's monthly non-farm payrolls report.

"It would be a little bit refreshing to focus on the U.S. data for a change," said Brian Lazorishak, senior quantitative analyst and portfolio manager at Chase Investment Counsel in Charlottesville, Virginia.

He said if European headlines allow it, the focus will be in the labor market where "most people are looking for modest improvement."

(Reporting by Rodrigo Campos; additional reporting by Edward Krudy; Editing by Kenneth Barry)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111127/bs_nm/us_usa_stocks_weekahead

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Sunday, November 27, 2011

Stockard Channing In 'Other Desert Cities': Actress Returns To Stage After Collapse, Surgery

By MARK KENNEDY, The Associated Press

NEW YORK ? Stockard Channing has made a speedy ? some might say miraculous ? return to Broadway.

The 67-year-old Tony Award-winner performed in "Other Desert Cities" on Friday night and plans to continue in the show despite undergoing arthroscopic surgery on her right knee less than a week ago.

Channing felt her knee collapse backstage after the Nov. 18 show and missed seven performances. She plans to perform in Saturday night's show and Sunday's matinee. An understudy performed Saturday's matinee and will do Wednesday's matinee.

The Jon Robin Baitz play, about a dysfunctional family wrestling with a deep secret, opened Nov. 3.

In an interview Friday before her return, Channing said: "This is maybe stupid. I don't know. But if it doesn't blow up or get painful, I'm doing the right thing."

Watch an excerpt from "Other Desert Cities":

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Source: http://www.huffingtonpost.com/2011/11/26/stockard-channing-other-desert-cities_n_1114521.html

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