TORONTO (Reuters) – Canadian stocks ended higher on Wednesday as optimism about Chinese economic growth boosted energy stocks and investors cheered a cost-cutting plan at Canadian Pacific Railway Ltd .
The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> closed up 20.11 points, or 0.17 percent, at 12,157.29.</.gsptse>
(Reporting by Alastair Sharp)
Economy News Headlines – Yahoo! News
NEW BATAAN, Philippines (AP) — Stunned parents searching for missing children examined a row of mud-stained bodies covered with banana leaves while survivors dried their soaked belongings on roadsides Wednesday, a day after a powerful typhoon killed nearly 300 people in the southern Philippines.
Officials fear more bodies may be found as rescuers reach hard-hit areas that were isolated by landslides, floods and downed communications.
At least 151 people died in the worst-hit province of Compostela Valley when Typhoon Bopha lashed the region Tuesday, including 78 villagers and soldiers who perished in a flash flood that swamped two emergency shelters and a military camp, provincial spokeswoman Fe Maestre said.
Disaster-response agencies reported 284 dead in the region and 14 fatalities elsewhere from the typhoon, one of the strongest to hit the country this year.
About 80 people survived the deluge in New Bataan with injuries, and Interior Secretary Mar Roxas, who visited the town, said 319 others remained missing.
“These were whole families among the registered missing,” Roxas told the ABS-CBN TV network. “Entire families may have been washed away.”
The farming town of 45,000 people was a muddy wasteland of collapsed houses and coconut and banana trees felled by Bopha’s ferocious winds.
Bodies of victims were laid on the ground for viewing by people searching for missing relatives. Some were badly mangled after being dragged by raging flood waters over rocks and other debris. A man sprayed insecticide on the remains to keep away swarms of flies.
A father wept when he found the body of his child after lifting a plastic cover. A mother, meanwhile, went away in tears, unable to find her missing children. “I have three children,” she said repeatedly, flashing three fingers before a TV cameraman.
Two men carried the mud-caked body of an unidentified girl that was covered with coconut leaves on a makeshift stretcher made from a blanket and wooden poles.
Dionisia Requinto, 43, felt lucky to have survived with her husband and their eight children after swirling flood waters surrounded their home. She said they escaped and made their way up a hill to safety, bracing themselves against boulders and fallen trees as they climbed.
“The water rose so fast,” she told AP. “It was horrible. I thought it was going to be our end.”
In nearby Davao Oriental, the coastal province first struck by the typhoon as it blew from the Pacific Ocean, at least 115 people perished, mostly in three towns that were so battered that it was hard to find any buildings with roofs remaining, provincial officer Freddie Bendulo and other officials said.
“We had a problem where to take the evacuees. All the evacuation centers have lost their roofs,” Davao Oriental Gov. Corazon Malanyaon said.
The International Federation of Red Cross and Red Crescent Societies issued an urgent appeal for $ 4.8 million to help people directly affected by the typhoon.
The sun was shining brightly for most of the day Wednesday, prompting residents to lay their soaked clothes, books and other belongings out on roadsides to dry and revealing the extent of the damage to farmland. Thousands of banana trees in one Compostela Valley plantation were toppled by the wind, the young bananas still wrapped in blue plastic covers.
But as night fell, however, rain started pouring again over New Bataan, triggering panic among some residents who feared a repeat of the previous day’s flash floods. Some carried whatever belongings they could as they hurried to nearby towns or higher ground.
After slamming into Davao Oriental and Compostela Valley, Bopha roared quickly across the southern Mindanao and central regions, knocking out power in two entire provinces, triggering landslides and leaving houses and plantations damaged. More than 170,000 fled to evacuation centers.
As of Wednesday evening, the typhoon was over the South China Sea west of Palawan province. It was blowing northwestward and could be headed to Vietnam or southern China, according to government forecasters.
The deaths came despite efforts by President Benigno Aquino III’s government to force residents out of high-risk communities as the typhoon approached.
Some 20 typhoons and storms lash the northern and central Philippines each year, but they rarely hit the vast southern Mindanao region where sprawling export banana plantations have been planted over the decades because it seldom experiences strong winds that could blow down the trees.
A rare storm in the south last December killed more than 1,200 people and left many more homeless.
The United States extended its condolences and offered to help its Asian ally deal with the typhoon’s devastation. It praised government efforts to minimize the deaths and damage.
___
Associated Press writers Jim Gomez, Teresa Cerojano and Oliver Teves in Manila contributed to this report.
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(Reuters) – Walt Disney Co agreed to give Netflix exclusive TV distribution rights to its movies, becoming the first major studio to stream its movies to TV viewers via Netflix instead of distributing them to HBO, Showtime or other premium TV channels.
The agreement begins in 2016, after Disney‘s current deal with Liberty Media’s pay-TV channel Starz expires.
The deal gives Netflix streaming rights to movies from Disney‘s live action and animation studios, including those from Pixar, Marvel, and the recently acquired Lucasfilms. Disney bought the famed studio founded by George Lucas and responsible for the “Star Wars” franchise for $ 4 billion on October 30.
Movies from Steven Spielberg’s DreamWorks studios are not included in the deal, as that studio distributes its movies through CBS’s Showtime on TV. Disney recently signed a deal to distribute DreamWorks’ films theatrically after the studio’s deal with Viacom’s Paramount Pictures expired.
Under the deal’s terms, Netflix can stream Disney movies beginning seven to nine months after they appear in theaters, as Starz had done in Disney’s prior agreement. The deal does not cover DVD rentals of Disney movies.
The agreement follows similar deals Netflix has inked with smaller studios, including Relativity Media, The Weinstein company and DreamWorks Animation.
Netflix shares were up 12.9 percent to $ 85.83 in afternoon trading following news of the agreement.
(Reporting By Ronald Grover; Editing by Peter Lauria and Tim Dobbyn)
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Oklahoma residents age 65 or older and disabled residents have until midnight Friday to make their choices for supplement health insurance and/or prescription drug coverage — as do the residents in the rest of the nation.
Medicare Open Enrollment 2012
Medicare recipients have the opportunity to choose whether or not to add additional health care coverage to that which Medicare provides during the annual open enrollment period of Oct. 15 through Dec. 7. Medicare recipients can choose between the more traditional supplemental health insurances or the Medicare Advantage plans. The Advantage plans have prescription coverage built into them, while someone who chooses a supplemental plan will likely need to purchase a Part D plan if they wish to have prescription drug coverage.
Where Can Oklahomans, Other Americans Go to Get Help?
Oklahoma senior residents can get free assistance in reviewing policies available in their areas from unbiased, knowledgeable sources via the Medicare Assistance Program provided by the Oklahoma Insurance Department, reported NewsOK.com, by calling 800-763-2828. Use this number also if you’d prefer to find someone in your area with whom you could visit on site or by phone to assist in your open enrollment decision-making.
Any Medicare recipient can also access free assistance and information in choosing the best supplemental or Advantage plan for your needs and area by visiting the Department of Health and Human Service’s Plan Finder, at healthcare.gov, medicare.gov or by calling 1-800-MEDICARE.
Do You Have to Change Plans Each Year?
If you like the benefits you are receiving with your current plan, and that plan is still being offered in your area, you don’t have to do anything for that same plan to be your coverage for 2013. Many health insurance experts advise you to compare your current plan with new plans that may have become available. Medicare.gov allows you to select and compare plans side by side to determine which is best for your individual situation.
What Other Issues Are Important in Choosing the Best Coverage for You?
The price of a policy is only one factor for your consideration when choosing the best coverage for you. One policy may charge more per month than another policy, but if the higher-priced policy would result in lower health care costs for you, you have to do the math to weigh the differences.
Medicare.gov also provides a star-rating system for each of the insurances, with five stars being the highest rating. This may or may not influence your choices.
Bottom Line
If you want your Medicare supplemental coverage to begin seamlessly on Jan. 1, you must make your choice before midnight on Dec. 7. Don’t hesitate any longer to find the information you need to make a good decision for yourself and your health care.
Smack dab in the middle of the baby boomer generation, L.L. Woodard is a proud resident of “The Red Man” state. With what he hopes is an everyman’s view of life’s concerns both in his state and throughout the nation, Woodard presents facts and opinions based on common-sense solutions.
Seniors/Aging News Headlines – Yahoo! News
(Reuters) – American Airlines passenger service agents, the only major employee group at the carrier not unionized, began voting Tuesday on whether to be represented by the Communications Workers of America (CWA) union.
About 9,700 airport agents and reservations representatives are eligible to cast ballots in a vote being conducted by the National Mediation Board (NMB), said Chuck Porcari, a CWA spokesman. Voting ends January 15.
“All of the other work groups at American are unionized, and we’re not,” said Bridget Powell, a passenger service agent with American and union activist. “When it comes to negotiating with the company, we don’t have that option.”
The U.S. Supreme Court cleared the way for the vote last week when it denied American’s request for a stay of an earlier ruling that upheld the election.
“We’re encouraging all our eligible employees to vote,” American Airlines spokesman Bruce Hicks said. “It’s a very important election for them.”
American says it sought to block the union vote because at least half of the eligible workers didn’t show interest in joining a union, as required by a law that took effect this year.
The NMB said that the older, 35 percent standard should apply because the union had filed for an election before the law changed earlier this year, according to the CWA.
The CWA says a union is needed to protect American’s agents, who perform tasks such as checking in passengers and taking customer service calls, as the company has been outsourcing agent jobs and cutting pay and benefits.
American parent AMR , which has about 80,000 non-management employees, is reorganizing under Chapter 11 bankruptcy protection in an effort to cut costs. Earlier this year it reached agreements with its unionized flight attendants and ground workers on contracts that it said cut costs by 17 percent.
American’s pilots are due to wrap up voting on a tentative agreement on Friday that offers an initial 4 percent pay raise and a 13.5 percent equity stake in AMR after it exits bankruptcy.
American offered equity stakes of 4.8 percent and 3 percent, respectively, in contracts it reached this year with unionized ground workers and flight attendants.
(Reporting by Karen Jacobs; Editing by Alwyn Scott and Leslie Gevirtz)
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TORONTO (Reuters) – WestJet Airlines Ltd will use technological innovation, including a new Internet ticket booking system, to help it transform from a no-frills carrier to a lower-cost full-service airline courting lucrative corporate travelers, its chief executive said on Monday.
Canada’s second-biggest airline plans to launch a series of technology systems, most notably the new online booking engine, which will sell three tiers of tickets, in the next two months.
“Companies evolve or they die,” Chief Executive Gregg Saretsky told Reuters in a phone interview from the company’s Calgary head office.
“We’re 16 and going on 17 years old and we can’t stay just as we were 17 years ago. The world has changed. And we are changing to be more relevant for a broader segment of guests.”
The new Internet booking system, which WestJet hopes to launch in late January, will sell economy, mid-tier and premium tickets. That is a major shift from its current system, which sells only the lowest-priced ticket available.
Economy tickets under the new system will continue to sell the lowest available fare, but the cancellation fee for them will jump to C$ 75 ($ 75.48) from C$ 50. Mid-tier tickets will have a C$ 50 cancellation fee.
Premium tickets, unavailable until late March when WestJet finishes reconfiguring its 100 Boeing 737 planes to allow more leg room, will include priority screening and boarding, free cancellations and flexibility on ticket changes.
Pricing for those tickets, which may include free meals and drinks and an extra baggage allowance, has not yet been determined. Fares will be well below half the price for business class at WestJet’s bigger competitor, Air Canada, Saretsky said.
“It’s time for us to be more serious with respect to going after business travelers because frankly, they’re the ones who are booking last-minute and are happy to pay for the conveniences,” Saretsky said.
WestJet will launch its premium economy service with 24 seats per plane, but will consider expansion if it proves “wildly successful,” he added.
POISED FOR CHANGE
WestJet, which has spent about C$ 40 million over the past two years on technology projects, is poised for major changes in 2013 as it readies to launch a new regional airline, Encore.
Saretsky hopes that WestJet’s switch in coming weeks to a new Internet phone system will allow ticket reservation agents to work from home and help make room for Encore staff.
Some 750 reservation agents work at WestJet’s Calgary offices, which house about 2,400 staff. Space will be needed for Encore employees over the next 18 months while their office, hangars and maintenance stores are constructed at the WestJet campus.
Encore will be launch in the second half of 2013, “probably closer to July than December,” Saretsky said, with seven Bombardier Q400 planes.
While WestJet won’t announce Encore’s schedule until Jan 21, the carrier will initially serve only “a handful” of new cities, with ticket prices up to 50 percent below Air Canada’s, he added.
Over the next two months, WestJet will also roll out a guest notification system that alerts travelers via email about their flights, allowing them to check in remotely.
Such self-service technology will be critical as WestJet faces increasing labor costs, Saretsky said.
Wage and benefit costs, which represent about a third of operating costs, have climbed 50 percent since WestJet was founded in 1996.
“You can see that creates a little bit of drag on earnings,” Saretsky said. “We’ve got to find ways of reducing our component costs.”
If WestJet can increase self service options for travelers, that could limit the need for new employees, Saretsky said. Management also wants to improve attendance management, so that fewer employees book off sick around long weekends, and more quickly clean and process planes between flights, he said.
(Reporting By Susan Taylor; Editing by Peter Galloway)
(This story was corrected to show that WestJet is replacing its Internet booking engine, not entire reservation system, in the first and second paragraphs)
Canada News Headlines – Yahoo! News
STOCKHOLM (Reuters) – Swedish telecoms gear maker Ericsson has filed a request with the U.S. International Trade Commission to ban U.S. imports of products made by South Korean group Samsung,
The request from Ericsson, which said on Monday the products infringe on its patents, came after it sued Samsung for patent infringement in a U.S. court last week.
“The request for an import ban is a part of the process. An import ban is not our goal. Our goal is that they (Samsung) sign license agreements on reasonable terms,” spokesman Fredrik Hallstan said.
Ericsson said last week it was suing Samsung after talks failed to reach agreement on terms that were fair, reasonable and non-discriminatory (FRAND) over patents.
Samsung said it would defend itself against the lawsuit, adding that Ericsson had asked for “prohibitively higher royalty rates to renew the same patent portfolio”.
(Reporting by Sven Nordenstam; Editing by Dan Lalor)
Tech News Headlines – Yahoo! News
ISTANBUL (Reuters) – Turkey‘s broadcasting regulator is fining a television channel for insulting religious values after it aired an episode of “The Simpsons” which shows God taking orders from the devil.
Radio and television watchdog RTUK said it was fining private broadcaster CNBC-e 52,951 lira ($ 30,000) over the episode of the hit U.S. animated TV series, whose scenes include the devil asking God to make him a coffee.
“The board has decided to fine the channel over these matters,” an RTUK spokeswoman said but declined further comment, saying full details would probably be announced next week.
CNBC-e said it would comment once the fine was officially announced.
Turkey is a secular republic but most of its 75 million people are Muslim. Religious conservatives and secular opponents vie for public influence and critics of the government say it is trying to impose Islamic values by stealth.
Elected a decade ago with the strongest majority seen in years, Prime Minister Tayyip Erdogan and his Islamist-rooted AK Party have overseen a period of unprecedented prosperity in Turkey. But concerns are growing about authoritarianism.
Erdogan last week tore into a chart-topping soap opera about the Ottoman Empire’s longest-reigning Sultan and the broadcasting regulator has warned the show’s makers about insulting a historical figure.
“The Simpsons” first aired in 1989 and is the longest-running U.S. sitcom. It is broadcast in more than 100 countries and CNBC-e has been airing it in Turkey for almost a decade.
“I wonder what the script writers will do when they hear that the jokes on their show are taken seriously and trigger fines in a country called Turkey,” wrote Mehmet Yilmaz, a columnist for the Hurriyet newspaper.
“Maybe they will add an almond-moustached RTUK expert to the series,” he said, evoking a popular Turkish stereotype of a pious government supporter.
($ 1 = 1.7873 Turkish liras)
(Reporting by Ece Toksabay; Editing by Nick Tattersall and Paul Casciato)
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NEW YORK (Reuters Health) – A group of U.S. internal medicine doctors today recommended limiting esophageal cancer screening to people with chronic heartburn who have additional, more severe symptoms.
Known as upper endoscopy, the screening procedure is often used to diagnose and manage gastroesophageal reflux disease (GERD) – which can be tied to a higher risk of esophageal cancer.
But some of that use may be unnecessary, the American College of Physicians (ACP) said – adding costs and putting patients at risk of side effects without evidence of a clear benefit.
“Not every patient with GERD who comes in should be getting this procedure done,” said Dr. Amir Qaseem, ACP’s director of clinical policy, who co-wrote the guidelines.
“It’s a low-risk procedure, but every procedure carries risk of complications,” he told Reuters Health.
During an upper endoscopy, a doctor inserts a flexible tube with a camera, called an endoscope, into the mouth and down the throat. Some patients receive anesthesia beforehand.
Earlier this year, a Reuters Health report suggested another type of screening, transnasal esophagoscopy, is becoming increasingly popular despite a lack of evidence it lowers the risk of dying from esophageal cancer (see Reuters Health story of April 20, 2012: http://reut.rs/I3mkij).
One in 125 men and one in 400 women in the United States will get esophageal cancer in their lifetime, according to the American Cancer Society, and most people who are diagnosed with the disease die within five years.
But there’s no evidence that traditional upper endoscopy lowers those risks either, according to the ACP’s Clinical Guidelines Committee.
The group laid out recommendations for use of the procedure in people with GERD on Monday in the Annals of Internal Medicine.
Most people with GERD, including patients with heartburn and regurgitation, should start treatment with acid-suppressing drugs and only undergo endoscopy if medication doesn’t help them, the committee said. People with more severe symptoms, such as bleeding and frequent vomiting, can go straight to endoscopy to rule out more serious conditions – but screening shouldn’t be regularly repeated if the initial test is negative.
In the case of Barrett’s esophagus, in which the esophageal lining is damaged by stomach acid, patients with no signs of cancer shouldn’t be screened more than once every three years, according to the guidelines.
UNNECESSARY COSTS, RISKS
Even among most people with Barrett’s, the risk of cancer is quite low, according to Dr. Lauren Gerson, a gastroenterologist at Stanford University in California who wasn’t involved in the new study.
“Use of upper endoscopy beyond the indications listed here is likely to generate unnecessary costs and expose patients to risks without improving clinical outcomes,” the committee wrote.
In particular, the ACP does not recommend routine screening for women or adults younger than 50, because their risk of esophageal cancer is much lower than that of older men.
An upper endoscopy costs more than $ 800. Rare side effects include esophageal perforation, pneumonia and breathing problems. False positives could also lead to more unnecessary tests and procedures with their own set of side effects, Qaseem said.
Although the new guidelines are directed at physicians, Qaseem said it’s also important for patients to understand the benefits and limitations of esophageal cancer screening. And people shouldn’t be afraid to ask their doctors why they’re ordering an endoscopy and whether it’s really necessary, he said.
Most cases of GERD, Qaseem added, will not be dangerous and can get better with lifestyle changes, such as weight loss.
“There is evidence that losing weight is effective, not eating late at night is effective, and so-forth,” Gerson told Reuters Health.
“That’s the first recommendation to patients, to try to make lifestyle changes to reduce their GERD symptoms and try to get off medications, if possible.”
SOURCE: http://bit.ly/R1w1Xu Annals of Internal Medicine, online December 3, 2012.
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