TSX hits one-week high as RIM surges
















TORONTO (Reuters) – Canada‘s main stock index hit a one-week high on Thursday as higher commodity prices boosted mining stocks and as Research In Motion Ltd shares jumped 11 percent on growing hopes for its new devices.


The market was also supported by data that showed China’s manufacturing sector was picking up steam, a signal of increased demand for Canadian resources.













Research In Motion was up 11.1 percent at C$ 11.36 after National Bank Financial raised its price target on the stock to $ 15, citing “positive sentiment building in the industry” ahead of the launch of its BlackBerry 10 devices.


The stock played the second-biggest role of any single company in leading the market higher.


“The dominant news today is the performance of RIM,” said John Ing, president of Maison Placements Canada.


“The company has had nothing but bad news over the past year, and the stock has been oversold,” he said.


At midmorning, the Toronto Stock Exchange‘s S&P/TSX composite index <.GSPTSE> was up 63.94 points, or 0.53 percent, at 12,164. Earlier in the session, the index hit 12,171.20, its highest level since November 13.


The index’s materials sector, which includes mining stocks, rose 0.7 percent, extending gains made in the previous session on higher prices for gold and other commodities.


Miner Barrick Gold Corp was up 1.2 percent at C$ 35.04. Fertilizer producer Potash Corp gained 1.4 percent to C$ 38.77, while Silver Wheaton Corp was up 1.18 percent at C$ 36.74.


The financial sector rallied for the fifth day, with investors optimistic about quarterly results from Canadian banks, which start reporting next week. The group was up 0.4 percent. Royal Bank of Canada , the country’s biggest bank, was up 0.5 percent at C$ 59.90.


In China, data showed expansion in the manufacturing sector accelerated in November for the first time in 13 months, a sign that the pace of economic growth has revived after seven consecutive quarters of slowdown.


(Reporting by John Tilak; Editing by Peter Galloway)


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Lawsuit against Madonna dismissed in Russia

ST. PETERSBURG, Russia (AP) — A Russian court has dismissed a lawsuit that sought millions of dollars in damages from Madonna for allegedly traumatizing minors by speaking up for gay rights during a concert in St. Petersburg.

In February, the city made it illegal to promote homosexuality to minors. Six months later, the singer criticized the law on Facebook, then stood up for gay rights at a concert in St. Petersburg that drew fans as young as 12.

On Thursday, a St. Petersburg court threw out the Trade Union of Russian Citizens' lawsuit and the 333 million rubles ($10.7 million) in damages it sought from the performer for allegedly exposing minors to "homosexual propaganda."

Madonna did not attend the trial, and her publicist Liz Rosenberg said Thursday the star wouldn't comment about it.

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Study finds mammograms lead to unneeded treatment

Mammograms have done surprisingly little to catch deadly breast cancers before they spread, a big U.S. study finds. At the same time, more than a million women have been treated for cancers that never would have threatened their lives, researchers estimate.

Up to one-third of breast cancers, or 50,000 to 70,000 cases a year, don't need treatment, the study suggests.

It's the most detailed look yet at overtreatment of breast cancer, and it adds fresh evidence that screening is not as helpful as many women believe. Mammograms are still worthwhile, because they do catch some deadly cancers and save lives, doctors stress. And some of them disagree with conclusions the new study reached.

But it spotlights a reality that is tough for many Americans to accept: Some abnormalities that doctors call "cancer" are not a health threat or truly malignant. There is no good way to tell which ones are, so many women wind up getting treatments like surgery and chemotherapy that they don't really need.

Men have heard a similar message about PSA tests to screen for slow-growing prostate cancer, but it's relatively new to the debate over breast cancer screening.

"We're coming to learn that some cancers — many cancers, depending on the organ — weren't destined to cause death," said Dr. Barnett Kramer, a National Cancer Institute screening expert. However, "once a woman is diagnosed, it's hard to say treatment is not necessary."

He had no role in the study, which was led by Dr. H. Gilbert Welch of Dartmouth Medical School and Dr. Archie Bleyer of St. Charles Health System and Oregon Health & Science University. Results are in Thursday's New England Journal of Medicine.

Breast cancer is the leading type of cancer and cause of cancer deaths in women worldwide. Nearly 1.4 million new cases are diagnosed each year. Other countries screen less aggressively than the U.S. does. In Britain, for example, mammograms are usually offered only every three years and a recent review there found similar signs of overtreatment.

The dogma has been that screening finds cancer early, when it's most curable. But screening is only worthwhile if it finds cancers destined to cause death, and if treating them early improves survival versus treating when or if they cause symptoms.

Mammograms also are an imperfect screening tool — they often give false alarms, spurring biopsies and other tests that ultimately show no cancer was present. The new study looks at a different risk: Overdiagnosis, or finding cancer that is present but does not need treatment.

Researchers used federal surveys on mammography and cancer registry statistics from 1976 through 2008 to track how many cancers were found early, while still confined to the breast, versus later, when they had spread to lymph nodes or more widely.

The scientists assumed that the actual amount of disease — how many true cases exist — did not change or grew only a little during those three decades. Yet they found a big difference in the number and stage of cases discovered over time, as mammograms came into wide use.

Mammograms more than doubled the number of early-stage cancers detected — from 112 to 234 cases per 100,000 women. But late-stage cancers dropped just 8 percent, from 102 to 94 cases per 100,000 women.

The imbalance suggests a lot of overdiagnosis from mammograms, which now account for 60 percent of cases that are found, Bleyer said. If screening were working, there should be one less patient diagnosed with late-stage cancer for every additional patient whose cancer was found at an earlier stage, he explained.

"Instead, we're diagnosing a lot of something else — not cancer" in that early stage, Bleyer said. "And the worst cancer is still going on, just like it always was."

Researchers also looked at death rates for breast cancer, which declined 28 percent during that time in women 40 and older — the group targeted for screening. Mortality dropped even more — 41 percent — in women under 40, who presumably were not getting mammograms.

"We are left to conclude, as others have, that the good news in breast cancer — decreasing mortality — must largely be the result of improved treatment, not screening," the authors write.

The study was paid for by the study authors' universities.

"This study is important because what it really highlights is that the biology of the cancer is what we need to understand" in order to know which ones to treat and how, said Dr. Julia A. Smith, director of breast cancer screening at NYU Langone Medical Center in New York. Doctors already are debating whether DCIS, a type of early tumor confined to a milk duct, should even be called cancer, she said.

Another expert, Dr. Linda Vahdat, director of the breast cancer research program at Weill Cornell Medical College in New York, said the study's leaders made many assumptions to reach a conclusion about overdiagnosis that "may or may not be correct."

"I don't think it will change how we view screening mammography," she said.

A government-appointed task force that gives screening advice calls for mammograms every other year starting at age 50 and stopping at 75. The American Cancer Society recommends them every year starting at age 40.

Dr. Len Lichtenfeld, the cancer society's deputy chief medical officer, said the study should not be taken as "a referendum on mammography," and noted that other high-quality studies have affirmed its value. Still, he said overdiagnosis is a problem, and it's not possible to tell an individual woman whether her cancer needs treated.

"Our technology has brought us to the place where we can find a lot of cancer. Our science has to bring us to the point where we can define what treatment people really need," he said.

___

Online:

Study: http://www.nejm.org/doi/full/10.1056/NEJMoa1206809

Screening advice: http://www.uspreventiveservicestaskforce.org/uspstf/uspsbrca.htm

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Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP

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Black Friday starts on Thursday right after Thanksgiving dinner


Black Friday is the Super Bowl of retail, but some of the nation's largest big-box stores can't wait until the day after Thanksgiving to open their doors to shoppers eager to grab great deals the same day as their turkey dinner.



Traditional Black Friday door-busting deals now start tonight, on what's been dubbed Gray Thursday. Major retail stores such as Kmart, Toys R Us, Walmart and Sears will open their doors beginning at 8 p.m. Target will join the party an hour later.



"It's traditionally been the day after Thanksgiving when the stores go into the black, where they make all their money. But that's not true anymore," retail expert Michelle Madhock said.





With Black Friday sales starting Thursday, that means lines started forming Wednesday, or in some extreme cases a week before as bargain hunters tried to get a turkey leg up on their competition.



Luciana Pendleton pitched a tent outside a Deptford Township, N.J., Best Buy Monday fully equipped with all she needed to spend the next few days away from home so she could be first in line when the doors open.



"I am just happy I beat my competition. They pulled up here around 3 p.m., and we were already here so I was happy," she said Monday.



Last year, some sale seekers became a little too excited and turned holiday shopping into a contact sport. In one ugly incident, a woman was accused of unleashing pepper spray on other shoppers in a dash for electronics at Walmart in Los Angeles.



This year, stores are beefing up security, and Best Buy even participated in training drills to handle the large crowds. More than 147 million people plan to shop this weekend, according to the National Retail Federation.



The hottest deals that are up for grabs this year include a 46-inch Samsung LED flat screen TV at Walmart with $200 off the original price. If that's not good enough, Sears has knocked $500 off the price of a 50-inch Toshiba flat screen. Target is offering the Nook Simple Touch at half price.



Black Friday officially kicks off at midnight for Best Buy, Sports Authority and Macy's.

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3 bomb blasts kill 6 in 2 main Pakistani cities

QUETTA, Pakistan (AP) — A bomb blast targeting an army vehicle killed three soldiers and two civilians in the southwestern city of Quetta on Wednesday, police said.

Hours later, two bombs went off minutes apart outside a Shiite mosque in the southern city of Karachi, killing at least one person and wounding several others.

The explosions demonstrated the underlying tensions in Pakistan between insurgents and security forces on the one hand Sunni and Shiite Muslims on the other. The relatively low level of attacks does not appear to be endangering the nation's stability.

In the first attack, an improvised explosive device was used to detonate the bomb by remote control in Quetta, police commissioner Qambar Dashti said. He said eight people were wounded in the attack, some critically.

There was no immediate claim of responsibility for the bombing.

Quetta is the provincial capital of Baluchistan. The province has long been a scene of low-level insurgency by nationalist groups demanding more of a share in the region's natural resources.

Taliban and the al-Qaida-linked Pakistani militant group Lashkar-e-Jhangvi has also been active in Baluchistan, mainly focusing on targeting Shiite Muslims, whom it considers heretics.

Also Wednesday, two bombs exploded outside a Shiite mosque in the southern city of Karachi, killing one person and wounding seven people, senior police official Javed Odho said. He said the first appeared to be a suicide attack.

As the security forces and rescue workers were transporting victims of the first attack in Karachi to hospitals, a second bomb exploded at the same place, wounding several people, including security forces, rescue workers and journalists, senior police officer Omer Khitab said.

The twin bombings came as minority Shiites were celebrating the holy month of Muharram.

Pakistan has a long history of sectarian violence by extremist Sunni and Shiite Muslims in Karachi and other parts of the country.

The Sunni-Shiite schism over the true heir to Islam's Prophet Muhammad dates back to the seventh century.

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Associated Press Writer Adil Jawad contributed to this report from Karachi.

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Justin Bieber won't face charge for May scuffle

LOS ANGELES (AP) — Prosecutors say they won't file any charges against Justin Bieber over a May confrontation with a photographer because of a lack of corroborating evidence.

A document obtained Wednesday states that three Los Angeles County sheriff's investigators found no visible injuries, video or photographs to confirm the photographer's story that Bieber kicked and punched him.

Prosecutors had been asked by police to consider filing a misdemeanor battery charge against the pop star.

Bieber was leaving a movie theater in Calabasas with girlfriend Selena Gomez when he got into an altercation with a photographer in the parking lot.

The photographer claimed Bieber kicked him in the abdomen and punched him.

The case was rejected in October and was first reported Wednesday by celebrity website TMZ.

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US abortions fall 5 pct, biggest drop in a decade

NEW YORK (AP) — U.S. abortions fell 5 percent during the Great Recession in the biggest one-year decrease in at least a decade, according to government figures released Wednesday.

The reason for the decline wasn't clear, but some experts said it may be due to better use of birth control during tough economic times. Their theory is that some women believe they can't afford to get pregnant.

"They stick to straight and narrow ... and they are more careful about birth control," said Elizabeth Ananat, a Duke University assistant professor of public policy and economics who has researched abortions.

While many states have aggressively restricted access to abortion, most of those laws were adopted in the past two years and are not believed to have played a role in the decline.

Abortions have been dropping slightly over much of the past decade. But before this latest report, they seemed to have leveled off.

The new data from the Centers for Disease Control and Prevention found that both the number and rate of abortions fell 5 percent in 2009, the most recent statistics available from most states.

Nearly all states report abortion numbers to the federal government, but it's voluntary. A few states — including California, which has the largest population and largest number of abortion providers — don't send in data. Experts believe there are more than 1 million abortions performed nationwide each year, but because of the incomplete reporting, the CDC had reports of about 785,000 in 2009.

For the sake of consistency, the CDC focused on the numbers from 43 states and two cities — those that have been sending in data without interruption for at least 10 years. The researchers found that abortions per 1,000 women of child-bearing age fell from about 16 in 2008 to roughly 15 in 2009. That translates to nearly 38,000 fewer abortions in one year.

Mississippi had the lowest abortion rate, at 4 per 1,000 women of child-bearing age. The state also had only a couple of abortion providers, and has the nation's highest teen birth rate. New York was highest, with abortion rates roughly eight times higher than Mississippi's. New York is second only to California in number of abortion providers.

Nationally since 2000, the number of reported abortions has dropped overall by about 6 percent and the abortion rate has fallen 7 percent, but the figures essentially leveled off for a few of those years.

By all accounts, contraception is playing a role in lowering the numbers.

Some cite a government study released earlier this year suggesting that about 60 percent of teenage girls who have sex use the most effective kinds of contraception, including the pill and patch. That's up from the mid-1990s, when fewer than half were using the best kinds.

Experts also pointed to the growing use of IUDs. The IUD, or intrauterine device, is a T-shaped plastic sperm-killer that a doctor inserts into a woman's uterus. A Guttmacher Institute study earlier this year showed that IUD use among sexually active women on birth control rose from under 3 percent in 2002 to more than 8 percent in 2009.

IUDs essentially prevent "user error," said Rachel Jones, a Guttmacher researcher.

Ananat said another factor for the abortion decline may be the growing use of the morning-after pill, a form of emergency contraception that has been increasingly easier to get. It came onto the market in 1999 and in 2006 was approved for non-prescription sale to women 18 and older. In 2009 the age was lowered to 17.

Underlying all this may be the economy, which was in recession from December 2007 until June 2009. But well afterward, polls have shown most Americans remained worried about anemic hiring, a depressed housing market and other problems.

You might think a bad economy would lead to more abortions by women who are struggling. However, John Santelli, a Columbia University professor of population and family health, said: "The economy seems to be having a fundamental effect on pregnancies, not abortions."

More findings from the CDC report:

—The majority of abortions are performed by the eighth week of pregnancy, when the fetus is about the size of a lima bean.

—White women had the lowest abortion rate, at about 8.5 abortions per 1,000 women of child-bearing age; the rate for black women was about four times that. The rate for Hispanic women was about 19 per 1,000.

—About 85 percent of those who got abortions were unmarried.

—The CDC identified 12 abortion-related deaths in 2009.

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Hamas and Israel agree to ceasefire: Sources

GAZA/JERUSALEM (Reuters) - Israel and Hamas agreed on Wednesday to a ceasefire brokered by Egypt on the eighth day of intensive Israeli fire on the Gaza Strip and militant rocket attacks out of the enclave, Israeli, Palestinian and Egyptian sources said.


First word of the truce came from a Palestinian official who has knowledge of the negotiations in Cairo, where U.S. Secretary of State Hillary Clinton was also pursuing peace efforts.


Asked whether a ceasefire deal had been reached, an Egyptian official in Cairo said: "Yes, and Egypt will announce it."


Egyptian state TV had earlier said a news conference would be broadcast from President Mohamed Mursi's palace shortly.


Israeli sources said Israel had agreed to a truce, but would not lift its blockade of the Palestinian territory, which is run by the Islamist Hamas movement.


All the sources declined to be named or to give further details of the arrangements hammered out in Cairo.


More than 140 Palestinians and five Israelis have been killed in the fighting that began last Wednesday.


The ceasefire, if confirmed, was forged despite a bus bomb explosion that wounded 15 Israelis in Tel Aviv earlier in the day and despite more Israeli air strikes on the Gaza Strip.


After talks in Ramallah with Palestinian President Mahmoud Abbas, Clinton held a second meeting with Israeli Prime Minister Benjamin Netanyahu before travelling to Egypt for discussions with Mursi, whose country has led mediation efforts.


In Tel Aviv, targeted by rockets from Gaza that either did not hit the city or were shot down by Israel's Iron Dome interceptor system, 15 people were wounded when a bus was blown up near the Defence Ministry and military headquarters.


The blast, which police said was caused by a bomb placed on the vehicle, touched off celebratory gunfire from militants in Gaza and had threatened to complicate truce efforts. It was the first serious bombing in Israel's commercial capital since 2006.


In Gaza, Israel struck more than 100 targets, including a cluster of Hamas government buildings, in attacks that medical officials said killed 10 people, among them a 2-year-old boy.


Israel's best-selling Yedioth Ahronoth newspaper had reported an emerging outline of a ceasefire agreement that called for Egypt to announce a 72-hour ceasefire followed by further talks on long-term understandings.


Under the proposed document, which the newspaper said neither party would be required to sign, Israel would hold its fire, end attacks against top militants and promise to examine ways to ease its blockade of Gaza, controlled by Hamas Islamists who do not recognize the Jewish state's right to exist.


Hamas, the report said, would pledge not to strike any Israeli target and ensure other Palestinian factions in the Gaza Strip also stop their attacks.


Israel has carried out more than 1,500 strikes since the offensive began with the killing of a top Hamas commander and with declared aim of deterring Hamas from launching rocket attacks that have long disrupted life in its southern towns.


Medical officials in Gaza said 146 Palestinians, more than half of them civilians, including 36 children, have been killed in Israel's offensive. Nearly 1,400 rockets have been fired into Israel, killing four civilians and a soldier, the military said.


(Additional reporting by Ori Lewis and Crispian Balmer in Jerusalem, Nidal al-Mughrabi in Gaza and Yasmine Saleh in Cairo)


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Obama sends Clinton to Mideast amid Gaza crisis

PHNOM PENH, Cambodia (AP) — President Barack Obama dispatched Secretary of State Hillary Rodham Clinton to the Middle East on Tuesday as the U.S. urgently seeks to end a conflict between Israel and Hamas that has killed more than 100 in the last week.

Clinton hastily departed for the region from Cambodia, where she had joined Obama for a summit with Asian leaders. The White House said she would make three stops, meeting with Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Palestinian officials in Ramallah, in the West Bank, and Egyptian leaders in Cairo. Clinton was expected to arrive in Israel on Tuesday night and return to Washington late Wednesday or very early Thursday after making all three stops.

Clinton's trip marks the Obama administration's most forceful engagement in the conflict that has killed more than 100 Palestinians and three Israelis, with hundreds more wounded. While the U.S. has backed Israel's right to defend itself against rocket fire from Gaza, Washington has warned its ally against pursuing a ground assault that would further escalate the violence and could dramatically increase casualties on both sides.

Ahead of Clinton's arrival, Obama spoke by telephone for almost a half-hour with Egyptian President Mohammed Morsi, commending the Islamist leader's efforts to de-escalate tensions, said Ben Rhodes, deputy national security adviser. It was their third conversation in 24 hours.

Obama wants a diplomatic solution urgently because "there would be significant loss of life associated with further conflict," Rhodes told journalists traveling with the president from Cambodia to Japan.

In Washington, two diplomats familiar with confidential deliberations said Israel was considering a possible cease-fire but might hold off on a formal announcement until after Clinton's arrival. They added, however, that Israel would stop its operations even without a formal truce, if rocket fire from Gaza ceased. The diplomats spoke on condition of anonymity because they weren't authorized to speak publicly on the discussions.

Israel and Hamas both have said they're open to diplomatic mediation efforts being led by Egypt. Hamas officials signaled Tuesday that a deal was close.

Clinton isn't heading to the Middle East with any specific proposal to broker a peace deal, U.S. officials said. She'll reassure Israel it has full American support while urging it to limit civilian casualties, and she will press members of the Western-backed Palestinian government in the West Bank to influence its brethren in Gaza to halt the rocket fire.

In Cairo, Clinton will strike a similar note by reminding the Egyptian government of its peace obligations with Israel under a treaty they share, said officials who spoke on condition of anonymity because they weren't authorized to talk publicly about the matter.

Rhodes said the U.S. and Israel want to see the conflict ended "diplomatically and peacefully." But he said Washington understands the Jewish state's need for a "durable outcome that ends the rocket attacks on Israeli cities and restores a broader calm in the region" — a reference to Israel's concerns that its cease-fires with Hamas have become ever shorter in duration and increasingly tenuous.

Obama and Clinton have consulted about the widening crisis throughout their three-day tour of Southeast Asia, their final joint trip before Clinton leaves her post as the top U.S. diplomat. They spoke again about the situation Tuesday morning, aides said, and made the decision for her to travel to the region. Still, it was unclear what impact Clinton's presence would have on the violence.

"There are a number of ideas that are in play," Rhodes said, but offered no further details. He insisted the ramped up U.S. involvement was "a matter of what's in everybody's best interests", not a matter of "leverage."

Obama and Clinton each have held multiple telephone calls with their counterparts in Israel and Egypt, which is at the center of negotiations to quell the violence. Because the U.S. considers Hamas a terrorist organization and prohibits contact between its members and American officials, it is relying on Egypt, as well as Turkey and Qatar, to deliver its message to the Hamas leadership in Gaza.

Hamas wants Israel to halt all attacks on Gaza and lift tight restrictions on trade and movement in and out of the territory that have been in place since Hamas seized Gaza by force in 2007. Israel demands an end to rocket fire from Gaza and a halt to weapons smuggling into Gaza through tunnels under the border with Egypt.

The widening conflict distracted from Obama's three-country tour of Southeast Asia, his first overseas trip after winning re-election. The president, after a marathon day that took him from Thailand to Myanmar to Cambodia, worked the phones with Mideast leaders into the early hours of Tuesday morning, aides said. He departed Cambodia later Tuesday, and was expected to arrive in Washington before dawn Wednesday.

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Associated Press writer Matthew Lee and Bradley Klapper in Washington contributed to this report.

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Follow Julie Pace at http://twitter.com/jpaceDC

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Interpublic exits Facebook
















(Reuters) – Interpublic Group of Cos said it sold its remaining investment in Facebook Inc for $ 95 million in cash.


Interpublic said it expects to record a pre-tax gain of $ 94 million. It had recorded a pre-tax gain of $ 132.2 million for the third quarter of last year from the sale of half of its 0.4 percent stake in Facebook.













Interpublic paid less than $ 5 million for the stake in 2006.


Shares of Facebook, which debuted with a market value of more than $ 100 billion in May, have lost nearly half their value since then on concerns about money-making prospects.


“We decided to sell our remaining shares in Facebook as our investment was no longer strategic in nature,” Chief Executive Michael Roth said in a statement.


Interpublic also authorized an increase in its existing share repurchase program to $ 400 million from $ 300 million. The company repurchased shares worth $ 151 million, as of September 30.


Shares of the company were up 1 percent at $ 10 on the New York Stock Exchange on Tuesday.


Facebook shares were marginally up at $ 23.00 on the Nasdaq.


(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das)


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