Netflix regains 600K US subscribers in 4Q (AP)

SAN FRANCISCO ? Netflix regained 600,000 U.S. customers in the fourth quarter as the video subscription service began to recover from a revolt against a big price increase.

Figures released Wednesday show Netflix Inc. ended December with 24.4 million subscribers in the U.S. That was up from 23.8 million at the end of September.

The subscriber uptick is a positive sign for Netflix after several months of upheaval that battered its stock. Netflix lost 800,000 subscribers last summer after raising its U.S. prices by as much as 60 percent.

The fallout contributed to a 14 percent decrease in Netflix’s fourth-quarter earnings.

Netflix made $40.7 million, or 73 cents per share, in the final three months of last year. That compares with income of $47.1 million, or 87 cents per share, a year earlier.

Investors had been bracing for a bigger drop-off. The company’s performance easily exceeded the average earnings estimate of 54 cents per share among analysts surveyed by FactSet.

Fourth-quarter revenue climbed 47 percent from the previous year to $876 million ? $19 million above analyst projections.

Netflix’s stock soared $11.63, or more than 12 percent, to $106.67 in extended trading. During the regular session, it increased $2.37, up 2.6 percent.

The stock still has a long way to go to return to its peak of nearly $305, which was reached in July, around the same time that Netflix announced the price increase that outraged customers.

But the fourth-quarter results should help bolster confidence in Netflix CEO Reed Hastings, who had been lambasted for miscalculating how subscribers would react to the higher prices.

Hastings had promised Netflix would work to lure back customers, and the fourth-quarter gains were even better than he had forecast.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_hi_te/us_earns_netflix

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Injecting sulfate particles into stratosphere won’t fully offset climate change

ScienceDaily (Jan. 25, 2012) ? As the reality and the impact of climate warming have become clearer in the last decade, researchers have looked for possible engineering solutions — such as removing carbon dioxide from the atmosphere or directing the sun’s heat away from Earth — to help offset rising temperatures.

New University of Washington research demonstrates that one suggested method, injecting sulfate particles into the stratosphere, would likely achieve only part of the desired effect, and could carry serious, if unintended, consequences.

The lower atmosphere already contains tiny sulfate and sea salt particles, called aerosols, that reflect energy from the sun into space. Some have suggested injecting sulfate particles directly into the stratosphere to enhance the effect, and also to reduce the rate of future warming that would result from continued increases in atmospheric carbon dioxide.

But a UW modeling study shows that sulfate particles in the stratosphere will not necessarily offset all the effects of future increases in atmospheric carbon dioxide.

Additionally, there still is likely to be significant warming in regions where climate change impacts originally prompted a desire for geoengineered solutions, said Kelly McCusker, a UW doctoral student in atmospheric sciences.

The modeling study shows that significant changes would still occur because even increased aerosol levels cannot balance changes in atmospheric and oceanic circulation brought on by higher levels of atmospheric carbon dioxide.

“There is no way to keep the climate the way it is now. Later this century, you would not be able to recreate present-day Earth just by adding sulfate aerosols to the atmosphere,” McCusker said.

She is lead author of a paper detailing the findings published online in December in the Journal of Climate. Coauthors are UW atmospheric sciences faculty David Battisti and Cecilia Bitz.

Using the National Center for Atmospheric Research’s Community Climate System Model version 3 and working at the Texas Advanced Computing Center, the researchers found that there would, in fact, be less overall warming with a combination of increased atmospheric aerosols and increased carbon dioxide than there would be with just increased carbon dioxide.

They also found that injecting sulfate particles into the atmosphere might even suppress temperature increases in the tropics enough to prevent serious food shortages and limit negative impacts on tropical organisms in the coming decades.

But temperature changes in polar regions could still be significant. Increased winter surface temperatures in northern Eurasia could have serious ramifications for Arctic marine mammals not equipped to adapt quickly to climate change. In Antarctic winters, changes in surface winds would also bring changes in ocean circulation with potentially significant consequences for ice sheets in West Antarctica.

Even with geoengineering, there still could be climate emergencies — such as melting ice sheets or loss of polar bear habitat — in the polar regions, the scientists concluded. They added that the odds of a “climate surprise” would be high because the uncertainties about the effects of geoengineering would be added to existing uncertainties about climate change.

The research was funded by the Tamaki Foundation and the National Science Foundation.

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The above story is reprinted from materials provided by University of Washington, via Newswise. The original article was written by Vince Stricherz.

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Journal Reference:

  1. Kelly E. McCusker, David S. Battisti, Cecilia M. Bitz. The climate response to stratospheric sulfate injections and implications for addressing climate emergencies. Journal of Climate, 2011; 111202114757001 DOI: 10.1175/JCLI-D-11-00183.1

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2012/01/120125142212.htm

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Robert Hegyes, played Epstein on ‘Kotter,’ dies (AP)

METUCHEN, N.J. ? Robert Hegyes, the actor best known for playing Jewish Puerto Rican student Juan Epstein on the 1970s TV show “Welcome Back Kotter” has died. He was 60.

The Flynn & Son Funeral Home in Fords, N.J., said it was informed of Hegyes’ death Thursday by the actor’s family.

A spokesman at JFK Medical Center in Edison, N.J., told the Star-Ledger newspaper that Hegyes, of Metuchen, arrived at the hospital Thursday morning in full cardiac arrest and died.

Hegyes was appearing on Broadway in 1975 when he auditioned for “Kotter,” a TV series about a teacher who returns to the inner-city New York school of his youth to teach a group of irreverent remedial students nicknamed the “Sweathogs.” They included the character Vinnie Barbarino, played by John Travolta.

The show’s theme song, performed by John Sebastian, became a pop hit.

Hegyes also appeared on many other TV series, including “Cagney & Lacey.”

He was born in Perth Amboy and grew up in Metuchen, the eldest child of a Hungarian father and Italian mother.

He attended Rowan University, formerly Glassboro State College, in southern New Jersey, before heading to New York City after graduation. He returned to Rowan on several occasions to teach master classes in acting, a university spokesman said Thursday.

“He was a good friend to the university,” spokesman Joe Cardona said.

Hegyes continued to act after “Kotter” and was a regular on “Cagney & Lacey.” He also guest-starred in shows including “Diagnosis Murder” and “The Drew Carey Show.”

On his website, Hegyes wrote that he was inspired by Chico Marx, whom he had played in a touring production of a show about the Marx Bros. He also recalled how his mother encouraged him to get involved in theater as a teen.

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//news.yahoo.com/s/ap/20120127/ap_en_ot/us_obit_robert_hegyes

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Zynga?s Stock Rating Gets A Boost, And So Does Its Traffic

Screen Shot 2012-01-25 at 4.27.49 PMWall Street has had trouble knowing what to make of Zynga, considering it’s the first Facebook-oriented virtual goods business to be publicly traded. The stock has been seesawing below its $10 initial share price since the company went public in the middle of December. Main concerns have been its heavy reliance on Facebook for traffic, and on a small number of paying users for most of its revenue, as well as its relatively flat traffic. But now, it’s getting some more positive signs. First, five banks who underwrote its IPO?provided their initial coverage today. They?haven’t been able to say anything up until this point due to the company’s now-lifted quiet period. But two less conflicted analysts are also positive. And, traffic is going up.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/cLtpL_eGySk/

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Michael Jackson’s children cement his legacy

Phil Mccarten / Reuters

Singer Michael Jackson is immortalized in a ceremony where his children Prince, Blanket and Paris use Jackson’s shoes and gloves and their own hands to make imprints in cement in the courtyard of Hollywood’s Grauman’s Chinese Theatre in Los Angeles on Jan. 26.

By Piya Sinha-Roy, Reuters

Late pop star Michael Jackson was immortalized in cement on Thursday when his three children stamped the “Thriller” singer’s glove and shoe prints in the hallowed concrete courtyard of Grauman’s Chinese Theater in Hollywood.

Well over a hundred fans of the King of Pop and celebrities including Justin Bieber and Jackson family members watched the song and dance spectacle and listened to the three children talk about the legacy of their father.

“My dad won the lifetime achievement award. It was an award he strived and worked the hardest to get but for me, and I think for him as well, this right here is his lifetime achievement award. This is what he strived to get and this is what we are giving him now today,” said Prince Michael, 14, Jackson’s eldest son.

Jackson’s daughter Paris, 13, imprinted her father’s iconic silver sequined glove and scrawled his name into the cement, adding a heart in between Michael and Jackson. Prince Michael and his brother Blanket, 9, put their father’s shoe into the cement, and all three left their own handprints next to dad’s.

The hour-long ceremony included spoken tributes and musical performances from Jackson’s friends and family, including his brothers Tito and Jackie, who were part of the Jackson 5, and mother Katherine who called the event “a very very solemn occasion for my son.”

John G. Mabanglo / EPA

Click to see pictures from the highs and lows of Michael Jackson’s career.

“Michael, we miss you, that’s for sure. There’s hardly a day that goes by without him going on in my mind somehow, some way, and I know he is here today with us,” said Tito Jackson.

Musical producer Quincy Jones, who worked with Jackson on one his most successful album, “Thriller,” Motown singer Smokey Robinson and comedian Chris Tucker, a friend of Jackson’s, shared their personal memories of Jackson while Canadian pop sensation Bieber called him “an inspiration.”

“People are going to remember him for his dancing and his singing, but people need to remember him for who he was,” said Bieber.

“Everything I do, I look at Michael and I want to be as good as he was,” said Bieber, 17, whose rise to fame was compared to the late singer by Paris as she introduced him.

Jackson gained success with songs such as “ABC” and “I’ll Be There” as a child singer with his brothers, and later pursued a solo career that earned him worldwide fame and fans with hits such as “Rock With You,” “Bad,” and “Beat It.”

His sudden death from a drug overdose in 2009 aged 50, sent shockwaves around the world. Late last year, Jackson’s doctor at the time was convicted of involuntary manslaughter for administering a surgical anesthetic to Jackson as a sleep aid.

Jackson’s glove and shoe imprints will be placed alongside Hollywood screen legends such as Clark Gable, Marilyn Monroe and Sidney Poitier outside the iconic Hollywood theater that has been a tourist attraction for decades.

Notably absent from the ceremony were Jackson’s sisters Janet and LaToya as well as brothers Jermaine and Randy.

The event, hosted by the late singer’s estate, showcased dancers from Cirque du Soleil’s Jackson tribute show and featured “Glee” cast member Harry Shum, Jr. ahead of the show’s Jackson tribute episode next week.

More in TODAY entertainment:

Source: http://todayentertainment.today.msnbc.msn.com/_news/2012/01/26/10245859-michael-jacksons-children-cement-his-legacy

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Verizon posts $2B 4Q loss on pension adjustment (AP)

NEW YORK ? Verizon paid dearly to put iPhones in the hands of subscribers in the latest quarter, holding back its profits in the hope that its customers will rack up higher monthly bills and stay loyal.

The quarter saw the launch of the iPhone 4S, the second model to be sold by Verizon, and it was clear that many had been waiting for it. Verizon on Tuesday said it sold 4.3 million of them, and 7.7 million smartphones total.

But by the upside-down logic of the wireless industry, higher sales mean lower profits for the quarter. Verizon Wireless subsidizes each smartphone by hundreds of dollars, figuring that it will make the money back in service fees over a two-year contract. That means the wireless division, though still highly profitable, posted a rare drop in operating income for the fourth quarter.

An iPhone that Verizon buys from Apple for around $600 is sold in stores for $200. The question is whether phone companies ever really make that money back.

Sanford Bernstein analyst Craig Moffett argues that the example of AT&T, which has sold iPhones since 2007, indicates that the expected boost to profits never really materializes, because the phone companies have to keep subsidizing each new iPhone release.

“The earnings pop will always be a year away,” Moffett wrote Tuesday.

In the results of Verizon Communications Inc., the phone company that owns 55 percent of Verizon Wireless, the effect of the iPhone sales was masked by large charge for adjusting the value of its pension plans.

The New York-based company reported that it lost $2.02 billion, or 71 cents per share, in the last three months of 2011. That compares with net income of $2.64 billion, or 93 cents per share, a year ago.

Verizon had warned that the big pension charge was coming.

Excluding the pension effect and another one-time item, Verizon earned 52 cents per share. That was a penny shy of the average forecast of analysts polled by FactSet. Comparable earnings last year were 54 cents per share.

Verizon had warned that hefty smartphone sales would hold back earnings, but analysts had expected a slightly smaller drop. Verizon shares fell 90 cents, or 2.3 percent, to $37.50 in morning trading. On Jan. 3, they hit a four-year high of $40.48.

Revenue rose 7.7 percent to $28.4 billion from $26.4 billion a year ago. The latest figure was in line with analysts’ expectations.

Wireless accounted for all of the revenue increase, as Verizon’s wireline division saw a small decrease. The “old” phone company essentially breaks even, despite the popularity of its cable-like FiOS TV and Internet service.

Usually, Verizon’s overall revenue increase is driven higher monthly wireless service revenues, as it gains customers. But this quarter, the largest contributor to the rise in revenue was phone sales, which doubled from last year to $2.2 billion.

Verizon Wireless added 1.2 million new subscribers on contract-based plans, which are the most lucrative. It was the second-best result in the last two years, further solidifying the company’s position as the industry leader, with 87.4 million phones and other devices on contract-based plans, and 108.7 million total.

Vodafone Group PLC of Britain owns the remaining 45 percent of Verizon Wireless, and lays claim to a corresponding share of the profits.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_hi_te/us_earns_verizon

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Google updates ToS, shares your data across its services (video)

Google updates ToS, shares your data across your services (video)

You’re you, right? Of course you are. If you have an Account, Google knows that too and now, with an updated and streamlined Google Terms of Service, you’re even more you than ever before. The company is consolidating most of its more than 70 separate privacy documents into a single Privacy Policy that is so important it gets capitalized. The biggest change? If you have a Google Account, your information will now be shared across the company’s many services. Scary? Don’t fear — the company is taking this time to re-iterate its pledge to never sell your personal information, never share it externally and to continue to support the Data Liberation Front. Viva transparency.

Continue reading Google updates ToS, shares your data across its services (video)

Google updates ToS, shares your data across its services (video) originally appeared on Engadget on Tue, 24 Jan 2012 18:27:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/24/google-new-privacy-policy/

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Erectile function restored with stem cells

Damage to parts of the penis vital for proper erections has been repaired for the first time with the help of stem cells. In rats, the treatment restored full erections, improved blood flow and accelerated healing.

Ultimately, the researchers hope to treat the 3 to 9 per cent of men who have Peyronie’s disease, which damages the membrane surrounding the chambers within the penis that swell with blood during arousal. This makes it difficult to achieve a straight erection.

Wayne Hellstrom of Tulane University in New Orleans, Louisiana, and colleagues, extracted stem cells from fat and placed them onto layers of tissue taken from the lining of pig intestine. This material, called small intestinal submucosa (SIS), is already used to replace damaged membrane in men with Peyronie’s disease, but Hellstrom wanted to see whether adding stem cells would improve healing.

Two months after therapy, tissue analysis showed less scarring and higher levels of regenerative agents such as fibroblast growth factor ? which accelerate healing ? in rats treated with SIS plus stem cells compared with those treated with SIS alone. “The stem cells induced factors that enhanced blood supply, tissue restoration and erectile function,” says Hellstrom.

Production of enzymes that make a blood vessel relaxant vital for erections was also higher in rats given the stem cells Hellstrom hopes to be able to offer a similar treatment to men.

“The apparent mechanisms of action are consistent with other clinical studies showing that fat-derived stem cells are particularly good at improving blood supply and reducing scarring,” says Marc Hedrick of regenerative medicine firm Cytori in San Diego, California.

Read more: “Stem cells turn into breast implants”

Journal reference: Proceedings of the National Academy of Sciences, DOI: 10.1073/pnas.1113810109

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Mariah Carey Buys Nick Cannon A Ferrari (PHOTOS)

Media Takeout:

Click through to see Mariah Carey’s massive “Get Well” present for husband, Nick Cannon.

Read the whole story: Media Takeout

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Source: http://www.huffingtonpost.com/2012/01/26/mariah-carey-buys-nick-cannon-ferrari-kidney-failure_n_1233415.html

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