Sunday, 21 April 2013

Egypt balloon flights resume after deadly crash | Morocco World News

CAIRO, April 21, 2013 (AFP)

Hot air balloon flights resumed in the city of Luxor on Sunday, nearly two months after a deadly accident killed 19 tourists, Egyptian officials told AFP.

Four flights took off from the ancient temple city, with around 70 tourists on board, said Ahmed Abboud who heads the Balloon Flights union.

?Egyptian authorities have tightened security measures, including a review by an aviation engineer before and after take-off,? Abboud said.

Luxor governor Ezzat Saad was on the first flight to take off ?to reassure people that the situation is back to normal and that balloons are safe.?

He said a technical team from the ministry of civil aviation went to Luxor to monitor security checks by the balloon flight operators.

Authorities had ordered a ban on balloon flights in Luxor after the February 26 crash that killed 19 Asian and European tourists.

The ban ?had a negative effect on us. It was a bad period,? said Yasser al-Zembili, who owns one of the companies. ?We hope the tourists come back.?

The activities of the company whose balloon crashed remain suspended.

Residents and tour industry professionals had feared that the accident would keep more tourists away, as Egypt struggles to revive an industry which raises much of its foreign currency revenues.

Source: http://www.moroccoworldnews.com/2013/04/87813/egypt-balloon-flights-resume-after-deadly-crash/

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Four fishermen missing off Texas Gulf Coast since Friday: Coast Guard

(Reuters) - Four fishermen were missing off the Texas Gulf Coast on Saturday, more than a day after their boat sank about 115 miles southeast of Galveston, according to the U.S. Coast Guard.

Petty Officer Richard Brahm said the Coast Guard received a distress signal from the 50-foot (15-metre) fishing boat at about 3:30 a.m. CDT Friday.

A Coast Guard jet dispatched to the area spotted a man waving his arms aboard an orange raft. The man, who was rescued by helicopter, reported that four other men had been on board the boat before it sank, Brahm said.

The fishing boat was based out of Galveston.

The Coast Guard has so far searched a 2,000-square-mile (3,200-square-km) area using a boat and aircraft, Brahm said. The search was continuing.

(Reporting by Mary Wisniewski; Editing by Vicki Allen)

Source: http://news.yahoo.com/four-fishermen-missing-off-texas-gulf-coast-since-192551707.html

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HTC One available on T-Mobile's website today, arriving in stores April 24th

HTC One available on TMobile's website today, arriving in stores April 24th

We've had a feeling the date was quickly and quietly approaching, but T-Mobile has finally handed out details on when (and where) the HTC One will be available. Beginning today, you'll be able to head to the network's site and order your very own, but the brick-and-mortar stores won't be receiving them until April 24th -- the same exact day T-Mobile launches the Samsung Galaxy S 4. As expected, the pricing of the device will be $100 with the UnCarrier's installment plan and $580 at full retail. Behold T-Mobile's statement on the exciting news after the break.

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Source: http://www.engadget.com/2013/04/19/htc-one-tmobile-availability/

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Saturday, 20 April 2013

Xbox 360 leads console sales for 27th consecutive month

(Adds quotes, team news for Villa game) By Sonia Oxley MANCHESTER, England, April 19 (Reuters) - Manchester United winger Ashley Young will miss the rest of the season with an ankle injury, manager Alex Ferguson said on Friday. The England international picked up the problem in this month's 2-1 defeat by Manchester City and attended Wednesday's 2-2 draw at West Ham United on crutches. "Ashley is out for the season," Ferguson, whose side can secure the Premier League title on Monday if they beat Aston Villa and second-placed Manchester City lose at Tottenham Hotspur on Sunday, told MUTV. ...

Source: http://news.yahoo.com/xbox-360-leads-console-sales-27th-consecutive-month-182533136.html

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Friday, 19 April 2013

GE trims profit outlook on Europe weakness; stock slumps

By Ernest Scheyder

(Reuters) - General Electric Co warned of slowing profit growth in its industrial businesses due to weakness in Europe and sliding turbine sales, unnerving Wall Street and pushing its stock down in morning trading.

The conglomerate, the world's biggest maker of jet engines and electric turbines, said on Friday it expects industrial profit to rise by high single digits to double digits this year. Previously it had forecast double-digit growth.

Chief Executive Jeff Immelt blamed slumping sales of wind turbines and gas turbines for the outlook cut, as well as the weakening European economy. But he said he still expects overall earnings, which include GE Capital, to improve this year. As usual, the company did not provide a specific earnings forecast.

Of concern to Wall Street: GE will try to boost earnings by slashing $1 billion (656 million pounds) in costs this year, rather than relying primarily on sales growth.

Wall Street analysts, which earlier in the day hailed GE's better-than-expected first-quarter revenue, grew unnerved as the new outlook was disclosed on a conference call. Shares of GE were down nearly 4 percent at midday.

"The level of uncertainty in terms of their ability to meet their goals has risen a little bit," said Perry Adams, portfolio manager at Northwestern Bank, which holds GE shares.

GE expects to sell about 95 gas turbines this year, down from 133 in 2012, due to sliding electricity demand from developed markets, Keith Morin, GE's chief financial officer, said in an interview.

Profit in the power & water unit - GE's second-largest unit and the seller of wind and gas turbines - fell 39 percent in the first quarter, and results aren't expected to improve.

"We believe it's going to be hard for our power and water business in 2013 to meet 2012" results, Immelt said on the conference call.

Sales in Europe are "weaker than expected," executives said, as demand drops, not only for GE products but for electricity, which dents demand for turbines.

While orders to the oil and gas unit jumped 26 percent in the quarter, GE probably won't recognize revenue from some of those sales for at least 12 months, Morin said.

"Investors are clearly disappointed," said Brian Langenberg, an independent analyst who tracks GE.

REVENUE BEATS

Strong sales of jet engines and home appliances helped GE's first-quarter revenue beat expectations, assuaging fears of a miss after a lukewarm report on March U.S. factory activity.

GE said revenue rose slightly to $35 billion, surpassing the $34.51 billion analysts had expected, according to Thomson Reuters I/B/E/S.

"That is a beat on revenue, and that's important because the Street has been very worried about revenue numbers at industrial firms because the quarter appears to have tailed off in March," said Jack DeGan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire, which owns GE shares.

The Institute for Supply Management said earlier this month that U.S. factory activity grew at the slowest rate in three months in March, suggesting the economy lost some momentum at the end of the first quarter.

GE shipped 596 commercial jet engines during the quarter, boosting profit at the aviation unit by 9 percent. The company also touted a recent contract with Boeing Co to supply engines for the 777 aircraft.

Despite price increases, consumers gobbled up GE's refrigerators, stoves and microwaves, boosting profit in the home and business solutions unit by 39 percent.

The company's order backlog - a closely watched indicator of future sales - rose to $216 billion from $210 billion in the fourth quarter of 2012. Backlog can be a positive sign that customers are willing to wait in line for a company's products, or a sign that a company is having a hard time meeting demand. GE's backlog has grown consistently in recent quarters.

"To me, when you see a trend, year over year, repeating itself, there's a business management issue. Eventually, that's got to change," said Oliver Pursche, president of Gary Goldberg Financial Services, which owns GE shares.

Fairfield, Connecticut-based GE said it earned $3.53 billion, or 34 cents per share, in the first quarter, compared with $3.03 billion, or 29 cents per share, a year earlier.

Excluding one-time items, profit was 35 cents per share, matching analysts' average forecast, according to Thomson Reuters I/B/E/S.

DIVIDEND

GE sold its remaining 49 percent stake in NBC Universal in February and then announced it would use cash from the sale to fund $18 billion in buybacks and dividend payouts this year.

The $18 billion figure includes $10 billion of shares the company plans to buy back and GE's dividend, which the company hiked in December by 12 percent to 19 cents per share quarterly.

The NBC sale helped GE's cash balance jump to $138.1 billion from $125.9 billion in the fourth quarter of 2012. The rise has led some investors to hope for yet another dividend hike.

"I expect it (any dividend increase) to go from 19 cents to 21 cents ... but I don't expect it this quarter. Maybe next quarter," DeGan said.

On the conference call, Immelt said he remains committed to the plan to remunerate shareholders this year with $18 billion in buybacks and dividends. The company's annual meeting with shareholders is scheduled for New Orleans next week, and some investors said they expect a dividend announcement then.

Prior to selling NBC, GE had focused much of its efforts in recent years on scaling back its financial arm, making it less dependent on short-term funding and focusing more closely on a handful of operations, such as financing the sale of industrial equipment and lending money to mid-sized businesses.

GE has said it wants to grow its manufacturing and industrial units, a return to its roots. Earlier this month it bought oilfield pump maker Lufkin Industries Inc for $2.98 billion, boosting its presence in the fast-growing market to extract oil and natural gas from shale rock.

Elsewhere on Friday, GE peer Honeywell International Inc posted a better-than-expected quarterly profit, due in part to cost cuts.

GE and Honeywell kicked off a wave of earnings reports from the nation's largest manufacturers; United Technologies Corp and 3M Co are due to post results next week.

(Reporting By Ernest Scheyder; Additional reporting by Ryan Vlastelica, Patricia Kranz and Chuck Mikolajczak; Editing by Lisa Von Ahn and John Wallace)

Source: http://news.yahoo.com/ge-trims-profit-outlook-europe-weakness-stock-slumps-163307636--sector.html

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Venezuela crackdown deemed worst in years

A 'Chavista' demonstrator shouts as supporters of President-elect Nicolas Maduro march in front of the National Electoral Council (CNE) in Caracas,Venezuela, Wednesday, April 17, 2013. Opposition candidate Henrique Capriles has presented a series of allegations of vote fraud and other irregularities to back up his demand for a vote-by-vote recount for the presidential election. Maduro, the hand-picked successor of the late Hugo Chavez, was declared the winner by 262,000 votes out of 14.9 million cast, and Capriles contends the purported abuses add up to more than Maduro's winning margin.(AP Photo/Ramon Espinosa)

A 'Chavista' demonstrator shouts as supporters of President-elect Nicolas Maduro march in front of the National Electoral Council (CNE) in Caracas,Venezuela, Wednesday, April 17, 2013. Opposition candidate Henrique Capriles has presented a series of allegations of vote fraud and other irregularities to back up his demand for a vote-by-vote recount for the presidential election. Maduro, the hand-picked successor of the late Hugo Chavez, was declared the winner by 262,000 votes out of 14.9 million cast, and Capriles contends the purported abuses add up to more than Maduro's winning margin.(AP Photo/Ramon Espinosa)

A 'Chavista' demonstrator and supporter of President-elect Nicolas Maduro, holds a photo of the late Hugo Chavez during a march in front of the National Electoral Council (CNE) in Caracas, Venezuela, Wednesday, April 17, 2013. Opposition candidate Henrique Capriles has presented a series of allegations of vote fraud and other irregularities to back up his demand for a vote-by-vote recount for the presidential election. Maduro, the hand-picked successor of the late Hugo Chavez, was declared the winner by 262,000 votes out of 14.9 million cast, and Capriles contends the purported abuses add up to more than Maduro's winning margin. (AP Photo/Ramon Espinosa)

'Chavista' demonstrators, supporters of President-elect Nicolas Maduro, march in front of the National Electoral Council (CNE) in Caracas, Venezuela, Wednesday, April 17, 2013. Opposition candidate Henrique Capriles has presented a series of allegations of vote fraud and other irregularities to back up his demand for a vote-by-vote recount for the presidential election. Maduro, the hand-picked successor of the late Hugo Chavez, was declared the winner by 262,000 votes out of 14.9 million cast, and Capriles contends the purported abuses add up to more than Maduro's winning margin. (AP Photo/Ramon Espinosa)

Elvira Guzman mourns over the body of her husband, 45-year-old Jose Luis Ponce, a Chavista militant who was allegedly killed on Monday in a confrontation with opposition supporters, as another person places an image of Chavez on his coffin during his wake in Caracas, Venezuela, Wednesday, April 17, 2013. The political heirs of Hugo Chavez filled Venezuela's airways Wednesday with a steady drumbeat of attacks on the man who says they stole the presidency from him. They called opposition leader Henrique Capriles a coup-plotter and said he was inciting post-election violence that had claimed seven lives, including Ponce, and injured 61. Capriles called the government assault a smoke screen to divert attention from his demand for a recount of every ballot from Sunday's election. (AP Photo/Enric Marti)

(AP) ? National Guard troops beat dozens of opposition supporters inside a barracks for refusing to accept the government-certified electoral victory of Hugo Chavez's heir, a leading human rights lawyer charged Thursday in what he called Venezuela's worst political repression in six years.

Alfredo Romero said his group's lawyers also compiled evidence supporting opposition activists' claims that National Guard troops had used excessive force against protesters, including shooting some point-blank with plastic shotgun pellets.

As details of the crackdown emerged, Nicolas Maduro prepared to be sworn in as president and the speaker of the National Assembly again threatened to bar the opposition from its only remaining political platform, the legislature, unless it recognized Maduro's legitimacy.

Romero said the beatings occurred at National Guard barracks No. 47 in the western city of Barquisimeto after at least 300 protesters were arrested across Venezuela for backing opposition candidate Henrique Capriles' demand for a recount of all the votes cast Sunday.

Interrogators "put baseball caps on these kids' heads with a pro-government insignia ... and made them say they recognized the Maduro government, and if they said 'No' they were beaten," Romero said, adding that most of the detainees ranged in age from 15 to 22.

Asked about the allegations, Interior Ministry spokesman Jorge Galindo called them "totally false, absurd and without basis." He said the detainees, though in a military barracks, were being overseen by ministry officials to "guarantee their rights."

Romero called the crackdown Venezuela's worst since Chavez shut down the opposition TV station RCTV in 2006 when more than 250 people were arrested. His 12-year-old group, Foro Penal Venezolano, has more than 200 lawyers who represent without charge people they consider political prisoners.

He said the group has complained to the Inter-American Human Rights Commission, whose rulings Venezuela's government no longer recognizes, and is preparing a complaint to the International Criminal Court.

One of the worst cases of excessive force this week occurred in the central city of Valencia, members of the opposition's youth wing said in Caracas.

They said National Guardsmen fired plastic pellets at extremely close range at a group protesting the regime-friendly National Electoral Council's decision to ratify the victory of Nicolas Maduro.

Maduro is to be sworn in Friday in the National Assembly at a ceremony being boycotted by the opposition because its deputies are not being allowed to address the body unless they recognize his presidency as legitimate.

The government says 15 countries including Iran, China and Saudi Arabia were sending high-level delegations. Brazil said its president, Dilma Rousseff, was attending as was Argentina's Cristina Fernandez, but it was not clear whether the president of neighboring Colombia, Juan Manuel Santos, would attend.

On Thursday, Maduro headed to Lima, Peru, for an evening meeting of presidents of the Union of South American Nations, UNASUR, to discuss Venezuela's post-election tensions.

The meeting was convened by Peru's president, Ollanta Humala, who holds the organization's rotating chair, and every leader on the continent save Ecuador's Rafael Correa, who was traveling in Europe, was attending, said Peru's deputy foreign minister, Fernando Rojas.

The youth opposition wing members displayed photographs showing deep, bloody wounds on the skin the hand and arm of Jonny Alvarado, a local leader of the centrist Proyecto Venezuela party who they said had been shot three times in the arm and undergone two surgeries in an attempt to save his hand.

The AP confirmed Alvarado's non-life-threatening injuries with the director of the hospital where he was treated.

At least 10 other activists were hit by pellets, some in the head, but not hurt as seriously, said Carlos Graffe, Proyecto Venezuela's youth leader. He said other protesters were punched or hit with batons by National Guardsmen.

A total of 400 were injured nationwide by authorities and government backers, said Juan Requesens, national coordinator of the opposition's youth wing.

In Monagas state, a group of 30 to 40 protesters was attacked by pro-government forces, then detained by authorities when they tried to flee, said Diego Scharifker, president of the youth wing of the Nuevo Tiempo party. He said virtually all were anti-government, but National Guard members had even swept up a handful of pro-government youth during sweeps of streets.

Romero said other activists described being arrested as they were walking home from peaceful protests.

The government alleges Capriles' backers have incited all the postelection violence, which it says has caused eight deaths and 70 injuries. It also charges the opposition loyalists have burned eight health clinics and several offices of the ruling United Socialist Party of Venezuela.

Non-government media and private citizens have published photos of unmolested clinics and party offices that they said disproved the claims.

Chief Prosecutor Luisa Ortega reiterated on Thursday the government's contention that neither it nor its supporters were to blame for any of the violence that followed Sunday's vote.

"A common denominator is that the wounded and injured are all supporters of Chavismo," she said in an interview on state TV.

Romero said 71 youths in all were arrested in Barquisimeto on Monday and Tuesday, when opposition supporters marched on regional offices of the electoral council, while 83 were arrested in Valencia over those two days.

He said it appeared that most were being freed Thursday, but that many faced criminal charges that include public incitement, destroying public property and other crimes.

Other arrests occurred in the states of Barinas, Merida and Maracay, Romero added, but he said he didn't have solid information on events there.

The prosecutor, Ortega, said Thursday that a total of 135 people had been arrested across Venezuela, with 90 of them charged with crimes.

The country awaited, meanwhile, word on whether the electoral council would agree to Capriles demand for a vote-by-vote recount after receiving the opposition's petition on Wednesday.

National Assembly Speaker Diosdado Cabello repeated the threat he made Tuesday to bar the opposition from the chamber, it's only platform on the national political stage. The opposition has just three of Venezuela's 23 governorships.

"I repeat to deputies of the opposition, just in case by chance they didn't understand, if they don't recognize Maduro as president I won't recognize them in the AN (National Assembly)."

There would be no constitutional basis for such an action, but Maduro and his ruling circle has paid little heed to the document since their mentor disappeared in December to Cuba for cancer surgery, never to be heard from publicly again.

Cabello was one of the closest allies of Chavez, who died March 5 after a long battle with cancer.

The ruling socialists control the legislature with 165 seats to 98 for the opposition and elections are not due until next year.

___

Associated Press writers E. Eduardo Castillo and Vivian Sequera contributed to this report.

___

Frank Bajak on Twitter: http://twitter.com/fbajak

Michael Weissenstein on Twitter: http://twitter/mweissenstein

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-04-18-LT-Venezuela-Election/id-af51538242494f03b367fa9e3299fa46

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Oblivion Video Movie Review - PopSugar

Tom Cruise is literally back in action in Oblivion, a futuristic sci-fi thriller that hits theaters this weekend. But should you rush to the theater to check it out this weekend? Watch our review to find out if it's a watch, pass, or a rent!

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Source: http://www.popsugar.com/Oblivion-Video-Movie-Review-29593289

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