Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.


The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.


Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.


Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.


"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.


Major technology companies also report next week, but the bar for the sector has been lowered even further.


Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.


Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.


Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.


CASH POURING IN, HOUSING DATA COULD HELP


Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.


The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.


"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.


"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."


Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.


Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.


The new home sales report on Friday is expected to show a 2.1 percent increase.


The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.


Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.


The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.


"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.


"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."


(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)



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Tina Fey Wants Boring People to Get a License to Twitter






We realize there’s only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:  


RELATED: Jimmy Kimmel Really Hates Kids; Call Me Again Maybe






Tina, you can be in charge of Twitter-licensing any day. And, please, start with Donald Trump….


RELATED: A Bad Lip Read of Edward and Bella; Kimmel Continues to Make Kids Cry


RELATED: The Honey Boo Boo Nature Special; Everyone’s Favorite Sleepwalking Mom


The Atlantic Wire staff (with the exception of our Canadian correspondent) travels on the New York City subway system every single day. We have never seen this man. If you have, give him a dollar for us:


RELATED: Ai Weiwei’s ‘Gangnam Style’ Isn’t Bad


RELATED: So Which Boyfriend Is Taylor Swift Singing About Now?


Parents, please take this piece of advice: If Jimmy Kimmel comes knocking, the answer is always yes. 


And finally, Notre Dame’s Manti Te’o has changed the way we think about Internet relationships. But before you bemoan the terribleness of Internet dating and how awful everyone’s become, we present you this: 


Wireless News Headlines – Yahoo! News





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Sergei Filin, Bolshoi Ballet Director, Is Victim of Acid Attack





MOSCOW – A masked man threw acid in the face of Sergei Filin, the artistic director of the legendary Bolshoi Ballet, on Thursday night, leaving him with third-degree burns and possibly threatening his eyesight, Bolshoi officials said on Friday morning.




The attack followed a series of anonymous threats to Mr. Filin, 42, a dancer who rose through the ranks of the world’s largest ballet company to become its head.


Investigators have not ruled out a dispute over money or property, but are focusing on the theory that Mr. Filin was targeted because of his work, a police spokesman told the Interfax news service.


As dancers kept an overnight vigil at the burn unit where he is being treated, his colleagues said they suspected professional jealousy was behind the attack. In recent weeks, his tires were punctured and his car scratched, and his cellphones and personal e-mail account were hacked and correspondence published, his associates have said. A relative offered to supply Mr. Filin with a bodyguard, but Mr. Filin refused because he did not believe the threats would lead to physical violence, said Dilyara Timergazina, his assistant and adviser.


The threats, she said, “don’t show that someone with great conceptual thinking is behind that, but someone very primitive, with unhealthy aspirations – I don’t know how to put it – someone full of hate.”


Katerina Novikova, the Bolshoi’s press spokeswoman, said that Mr. Filin was opening the gate to his residence when a masked man called out his name and threw the contents of a bottle in his face. After the attack he was able to see out of one eye but not the other, Ms. Timergazina said.


An official at the theater told the Interfax news agency that he would be sent overseas, probably to Germany or Israel, for treatment. Doctors have said his recovery may take as long as six months.


The Bolshoi has a reputation for intrigue and outsized emotions, but Ms. Novikova, the theater’s press secretary, said she never imagined it could lead to violence.


“Sergei was constantly receiving threats after he took up this post and his predecessors were under attack before him,” she told Russia’s Channel One. “We never thought that this war for roles – and not for real estate or for oil – could reach such a criminal level. And we always wanted to believe that people connected with theater would have a minimal level of morality. That’s why this is an absolutely frightening story.”


Mr. Filin signed a five-year contract as director of the Bolshoi in 2011. Among his first big decisions was to hire David Hallberg as a principal dancer – the first American to hold that coveted status, which has traditionally gone to Russian-trained dancers. He suffered a setback when two of its stars, Natalia Osipova and Ivan Vasiliev, left the Bolshoi for a far lesser-known theater in St. Petersburg.


Mr. Filin’s leadership has not stood out as especially controversial. But Anastasia Volochkova, a former Bolshoi ballerina, said his power to assign roles made him the focus of sometimes passionate resentment.


“Sergei didn’t do anything he could be condemned for,” she said, in an interview with Ekho Moskvy, a radio station. “This position is, of course, a sweet one. The head of the ballet decides everything: what grants each artists receive, or maybe won’t receive. Who will dance certain roles, and who won’t dance them.”


She added, “The cruelty of the ballet world has become surprisingly pathological.


One simmering conflict has involved Nikolai Tsiskaridze, a popular principal dancer who last year harshly criticized a recent reconstruction of the theater and has publicly clashed with its leadership since then. A group of Mr. Tsiskaridze’s supporters petitioned President Vladimir V. Putin in November, requesting that Mr. Tsiskaridze be appointed director of the Bolshoi.


Aleksei Ratmansky, Mr. Filin’s predecessor as the company’s artistic director, wrote on Facebook that the incident was “not a coincidence” and wished Mr. Filin “swift recovery and courage.”


Sophia Kishkovsky contributed reporting from New York.



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Hilary Duff Is 'Very Sweet' at Beverly Hills Bakery






Caught in the Act










01/18/2013 at 06:00 AM EST



Treat yourself!

Hilary Duff stopped into Sprinkles in Beverly Hills on Wednesday with son Luca and a girlfriend to stock up on some tasty treats.

Duff – who "especially loved" sampling eggnog frosting shots – was "very sweet" to fans who recognized her, an onlooker tells PEOPLE.

Wearing black yoga pants and a white sweatshirt, the actress, 25, ordered a dozen cupcakes including one black and white, one chocolate coconut, one cinnamon sugar, two peanut butter chocolates, one pumpkin, two red velvets, one vanilla milk chocolate, one German chocolate, one triple cinnamon and one chocolate peppermint.

But that wasn't all – Duff also made sure to bring home four doggy cupcakes for her pampered pooches.

– Jennifer Garcia


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Food servers more vulnerable to legal threats


WASHINGTON (AP) — People with severe food allergies have a new tool in their attempt to find menus that fit their diet: federal disabilities law. And that could leave schools, restaurants and anyplace else that serves food more vulnerable to legal challenges over food sensitivities.


A settlement stemming from a lack of gluten-free foods available to students at a Massachusetts university could serve as a precedent for people with other allergies or conditions, including peanut sensitivities or diabetes. Institutions and businesses subject to the Americans With Disabilities Act could be open to lawsuits if they fail to honor requests for accommodations by people with food allergies.


Colleges and universities are especially vulnerable because they know their students and often require them to eat on campus, Eve Hill of the Justice Department's civil rights division says. But a restaurant also could be liable if it blatantly ignored a customer's request for certain foods and caused that person to become ill, though that case might be harder to argue if the customer had just walked in off the street, Hill said.


The settlement with Lesley University, reached last month but drawing little attention, will require the Cambridge, Mass., institution to serve gluten-free foods and make other accommodations for students who have celiac disease. At least one student complained to the federal government after the school would not exempt the student from a meal plan even though the student couldn't eat the food.


"All colleges should heed this settlement and take steps to make accommodations," says Alice Bast, president and founder of the National Foundation for Celiac Awareness. "To our community this is definitely a precedent."


People who suffer from celiac disease don't absorb nutrients well and can get sick from the gluten found in wheat, rye and barley. The illness, which affects around 2 million Americans, causes abdominal pain, bloating and diarrhea, and people who have it can suffer weight loss, fatigue, rashes and other problems. Celiac is a diagnosed illness that is more severe than gluten sensitivity, which some people self-diagnose.


Ten years ago, most people had never heard of celiac disease. But awareness has exploded in recent years, for reasons that aren't entirely clear. Some researchers say it was under-diagnosed, others say it's because people eat more processed wheat products like pastas and baked goods than in past decades, and those items use types of wheat that have a higher gluten content.


Gluten-free diets have expanded beyond those with celiac disease. Millions of people are buying gluten-free foods because they say they make them feel better, even if they don't have a wheat allergy. Americans were expected to spend $7 billion on gluten-free foods last year.


With so many people suddenly concerned with gluten content, colleges and universities have had to make accommodations. Some will allow students to be exempted from meal plans, while others will work with students individually. They may need to do even more now as the federal government is watching.


"These kids don't want to be isolated," Bast says. "Part of the college experience is being social. If you can't even eat in the school cafeteria then you are missing out on a big part of college life."


Under the Justice Department agreement, Lesley University says it will not only provide gluten-free options in its dining hall but also allow students to pre-order, provide a dedicated space for storage and preparation to avoid cross-contamination, train staff about food allergies and pay a $50,000 cash settlement to the affected students.


"We are not saying what the general meal plan has to serve or not," Hill says. "We are saying that when a college has a mandatory meal plan they have to be prepared to make reasonable modifications to that meal plan to accommodate students with disabilities."


The agreement says that food allergies may constitute a disability under the Americans With Disabilities Act, if they are severe enough. The definition was made possible under 2009 amendments to the disability law that allowed for episodic impairments that substantially limit activity.


"By preventing people from eating, they are really preventing them from accessing their educational program," Hill said of the school and its students.


Mary Pat Lohse, the chief of staff and senior adviser to Lesley University's president, says the school has been working with the Justice Department for more than three years to address students' complaints. She says the school has already implemented most parts of the settlement and will continue to update policies to serve students who need gluten-free foods.


"The settlement agreement provides a positive road map for other colleges and universities to follow with regard to accommodating students with food allergies and modifying existing food service plans," Lohse said.


Some say the Justice Department decision goes too far. Hans von Spakovsky, a fellow at the conservative Heritage Foundation who worked in the civil rights division of the Justice Department under President George W. Bush, says food allergies shouldn't apply under the disability act. He adds that the costs could be substantial when schools are already battling backlash from high tuition costs.


"I certainly encourage colleges and universities to work with students on this issue, but the fact that this is a federal case and the Justice Department is going to be deciding what kind of meals could be served in a dining hall is just absurd," he said.


Whether the government is involved or not, schools and other food service establishments are likely to hear from those who want more gluten-free foods. Dhanu Thiyagarajan, a sophomore at the University of Pittsburgh, said she decided to speak up when she arrived at school and lost weight because there were too few gluten-free options in the cafeteria. Like Lesley University, the University of Pittsburgh requires that on-campus students participate in a meal plan.


Thiyagarajan eventually moved off campus so she could cook her own food, but not before starting an organization of students who suffer from wheat allergies like hers. She says she is now working with food service at the school and they have made a lot of progress, though not enough for her to move back on campus.


L. Scott Lissner, the disability coordinator at Ohio State University, says he has seen similar situations at his school, though people with food allergies have not traditionally thought of themselves as disabled. He says schools will eventually have to do more than just exempt students from a meal plan.


"This is an early decision on a growing wave of needs that universities are going to have to address," he said of the Lesley University agreement.


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Chinese, U.S. data push shares to 20-month high

LONDON (Reuters) - World shares hit a 20-month high on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting.


China's economy grew at a slightly faster-than-expected 7.9 percent in the fourth quarter of 2012, the latest sign it is pulling out of a post-global financial crisis slowdown that produced its weakest year of economic growth since 1999.


The positive news came on top of strong U.S. labor and housing market reports on Thursday, providing fresh impetus to a recent strong and broad financial market rally.


MSCI's index of leading world shares <.miwd00000pus> hit its highest level since May 2011 at 552.16 points after Tokyo and Hong Kong stock markets surged and the S&P 500 in New York hit a five-year high.


Industrial commodities and oil also benefited, with palladium reaching a 16-month high and platinum a three-month high, while Brent crude added 28 cents to stand at $111.38 a barrel by 1030 GMT.


"We've got good numbers out of China, we had some good numbers out of U.S. yesterday ... The general sentiment is pretty good," said Neil Marsh, strategist at New edge.


"There will probably be some phases of consolidation as we go forward, but the markets remain pretty resilient. More people are putting their cash to work now in riskier assets like equities, and there is no sign of that stopping at the minute."


European stocks were mostly higher by mid-morning, with London's FTSE 100 <.ftse> and Paris's CAC-40 <.fchi> up 0.4 and 0.2 percent, respectively, but Frankfurt's DAX <.gdaxi> was 0.1 percent in the red <.l><.eu><.n>.


British retail sales posted a surprise monthly fall in December, dashing hopes that Christmas shoppers would provide a last-minute boost to an economy on the verge of another contraction.


Like much of Europe, consumer spending in Britain has come under pressure from a combination of below-inflation wage growth, worries about the economy and government austerity measures. 䄀 "What is disappointing is that, after about a year of a pick-up in retail activity, the high street seems to have stalled again over the past few months. We're looking at modest growth in the British economy over 2013," said Phillip Shaw, an economist at Investec.


YEN SLIDE RESUMES


The strong U.S. data and mounting expectations for more aggressive easing by the Bank of Japan (BOJ) next week lifted the dollar as high as 90.21 yen, its highest since June 2010, and the euro to its peak since May 2011 of 120.73 yen.


The single currency was starting to lose ground against the dollar as midday approached, trading down 0.2 percent at $1.3350.


Expectations that the new Japanese government will pursue massive fiscal spending and push for more aggressive BOJ easing to drive Japan out of years of deflation and economic slump have spurred heavy yen selling since November.


Sources told Reuters the BOJ will at its January 21-22 meeting consider removing the 0.1 percent floor on short-term interest rates and commit to open-ended asset buying until the 2 percent inflation target is reached.


"A lot is priced in for next week's BOJ meeting. If asset purchases by the BOJ were unlimited, that could lead to significantly higher levels in dollar/yen and euro/yen levels," said Peter Kinsella, currency strategist at Commerzbank. "Levels past 93-95 yen within the next two-three weeks is not unreasonable."


LTRO ANTICIPATION


U.S. stock futures pointed to a broadly steady restart on Wall Street after the S&P 500 climbed to a five-year high on Thursday.


In bond markets, German two-year government bond yields rose 0.25 percent to near their highest in nearly 10 months, with traders citing growing concerns over potentially large scale early repayments of the ultra-cheap three-year loans the European Central Bank flooded markets with from late 2011.


The ECB will on January 25 publish how much will be repaid in the January 30 first round of repayments. A larger-than-expected return of around 400 billion euros would effectively tighten money market conditions and push up the price banks charge to lend to each other.


"The (German) front-end is being hit by the LTRO story," one bond trader said. "My view is it's oversold, but there's something else at play there, so it's very difficult to trade against it."


(Reporting by Marc Jones; Editing by Will Waterman)



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PC titans take notes from tablets to regain customers






SAN FRANCISCO (Reuters) – Personal computer makers, trying to beat back a tablet mania that’s eating into their sales, are making what may be a last-ditch attempt to sway customers by mimicking the competition.


Many of the laptops to be unveiled around the world in coming months will be hybrids or “convertibles” – morphing easily between portable tablets and full-powered laptops with a keyboard, industry analysts say.






The wave of hybrids comes as Intel Corp and Microsoft Corp, long the twin leaders of the PC industry, prepare to report results this week and next. Wall Street is predicting flat to sluggish quarterly revenue growth for both, underscoring the plight of an industry that has struggled to innovate.


In 2013, some are hoping that will change.


With the release of Microsoft’s touch-centric, re-imagined Windows 8 platform in October and more power-efficient chips from Intel, PC makers are trying to spark growth by focusing on creating slim laptops with touchscreens that convert to tablets and vice versa.


Microsoft, expanding beyond its traditional business of selling software, is expected this month to roll out a “Surface Pro” tablet compatible with legacy PC software developed over decades.


That’s a major selling point for corporate customers like German business software maker SAP, which plans to buy Surface Pros for employees that want it, said SAP Chief Information Officer Oliver Bussmann.


“The hybrid model is very compelling for a lot of users,” Bussmann told Reuters last week. “The iPad is not replacing the laptop. It’s hard to create content. That’s the niche that Microsoft is going after. The Surface can fill that gap.”


Apple’s iPad began chipping away at demand for laptops in 2010, an assault that accelerated with the launch of Amazon.com Inc’s Kindle Fire and other Google Android devices like Samsung Electronics’ Note.


With sales of PCs falling last year for the first time since 2001, this year may usher in a renaissance in design and innovation from manufacturers who previously focused on reducing costs instead of adding new features to entice consumers.


“People used to be able to just show up at the party and do well just because the market was going up,” Lisa Su, a senior vice president at Advanced Micro Devices, which competes against Intel. “It’s harder now. You can’t just show up at the party. You have to innovate and have something special.”


At last week’s Consumer Electronics Show in Las Vegas, devices on display from Intel and others underscored the PC industry’s plan to bet more on convertible laptops.


Lenovo’s North America President Gerry Smith told Reuters last week that over the holidays he sold out of the company’s “Yoga”, a laptop with a screen that flips back behind its keyboard, and the “ThinkPad Twist”, another lightweight laptop with a swiveling screen.


Intel itself showed off a hybrid prototype laptop dubbed “North Cape”, housed in a thin tablet screen that attaches magnetically to a low-profile keyboard. And Asus showed a hefty 18-inch, all-in-one Windows 8 PC that converts to a tablet running Google’s Android operating system.


Lenovo and Asus, which have both won positive reviews for their devices in recent months, increased their PC shipments by 14 percent and 17 percent respectively last year, according to Gartner.


“The number of unique systems that our partners have developed for Windows has almost doubled since launch. That gives an indication of how much innovation is going into the PC market,” Tami Reller, chief financial officer of Microsoft’s Windows unit, told Reuters.


FINGER-POINTING


To be sure, hybrids with detachable or twistable screens do not yet account for a significant proportion of global PC sales, and consumers still need to be sold on their benefits.


Previous attempts by PC makers to reinvigorate the market have had limited success. Pushed by Intel, manufacturers launched a series of slimmed down laptops early last year with features popular on tablets, like solid-state memory.


They were too expensive, often at more than $ 1,000 apiece, and failed to arrest the PC decline.


Microsoft’s Windows 8 launch in October brought touchscreen features but failed to spark a resurgence in PC sales many manufacturers had hoped for. A round of finger-pointing ensued, with PC and chip executives blaming a shortage of touchscreen components and others saying it was the manufacturers that sharply underestimated consumer demand for touch devices.


Regardless, the entire PC ecosystem is onboard for 2013. Almost half of the Windows laptops rolled out this year may have touch screens. Of those, most will be in convertible form, according to IDC analyst David Daoud.


Further blurring the distinction between kinds of devices, about a quarter of upcoming Windows 8 gadgets will be tablets that can easily act as laptops with the help of keyboard accessories, he added.


But buyers may have to wait until the second half of the year to see many of them.


“The most likely scenario today is for the industry to have these products ready for the back-to-school season,” Daoud said.


(Reporting and writing by Noel Randewich; Additional reporting by Poornima Gupta and Bill Rigby in Seattle; Editing by Tim Dobbyn)


Tech News Headlines – Yahoo! News





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In Thailand, a Broader Definition of Insulting Royalty





BANGKOK — It has become almost routine in Thailand for judges to hand down jail sentences to those convicted of offending the country’s king. But an unusual ruling issued on Thursday appears to considerably broaden the interpretation of Thailand’s already restrictive lese majesté law.




In sentencing a former protest leader to two years in prison, a court ruled that the defendant was liable not only for what he said, but for what he left unsaid.


The criminal court’s ruling said the defendant, Yossawarit Chuklom, had not specifically mentioned the king when he gave a speech in 2010 to a large group of people who were protesting a military-backed government of the time.


But by making a gesture of being muzzled -- placing his hands over his mouth -- Mr. Yossawarit had insinuated that he was talking about the king.


“Even though the defendant did not identify his Majesty the King directly,” the court ruled, Mr. Yossawarit’s speech “cannot be interpreted any other way.”


Thailand’s lese majesté law, one of the world’s most restrictive, has been invoked frequently as King Bhumibol Adulyadej, 85, enters his twilight years.


In recent years, dozens of people have been convicted for insulting the king and his family. Among the cases were a Swiss man sentenced to 10 years in prison in 2007 for defacing posters of the king; a naturalized American citizen convicted in 2011 for translating a banned biography of the king that asserted that he has been more involved in politics than his generally recognized in Thailand; and a Thai truck driver who received a 20-year prison term for sending explicit text messages that insulted the king and queen.


The judgment on Thursday appears to have been the first time that someone was convicted for implying an insult, said the defendant’s lawyer, Thamrong Lakdaen.


“There was no mention of the king’s name in the speech,” Mr. Thamrong said. “It’s all interpretation.”


Mr. Thamrong said the court used “speculation” to convict his client.


Thai law calls for prison sentences of up to 15 years for “insulting, defaming or threatening” three members of the royal family: the king, the queen and the crown prince.


Mr. Yossawarit, the defendant, is currently an adviser to the Commerce Ministry. In 2010, he was a leading member of the “red shirt” movement that was seeking the dissolution of the government of Prime Minister Abhisit Vejjajiva.


Mr. Yossawarit told a crowd of protesters in March 2010 that there were a number of people who opposed the dissolution of the government. He named the military and the head of the privy council, Prem Tinsulandonda, among others.


But there were also someone else, he said, placed his hands over his mouth. “I am not brave enough to say it. But I know what are you thinking right now,” he told the crowed. “So I will keep my mouth shut.”


The court ruled that it was obvious whom Mr. Yossawarit was talking about. During the trial Thai citizens with no apparent connection to the case were called to the stand and asked to whom they thought Mr. Yossawarit was referring. All of the witnesses said the king.


Mr. Yossawarit initially pled guilty to the charges – a common tactic by those seeking a royal pardon. But he changed his plea and contested the case. He plans to appeal Thursday’s verdict, his lawyer said.


The government has established a special unit that monitors the internet for royal insults. The official censors went as far as to recently block access to the webpage that reproduced the text of the historical document that ended the absolute monarchy in the country in 1932.


The king has suffered from a number of illnesses not completely explained by the palace and has been residing in a special suite of a Bangkok hospital since September 2009.


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Despite Divorce, Bethenny Frankel 'Smiling' in Beverly Hills















UPDATED
01/17/2013 at 06:00 AM EST

Originally published 01/17/2013 at 06:00 AM EST







Bethenny Frankel


David Tonnessen/Pacific Coast News


As she works through divorce proceedings, Bethenny Frankel was spotted at Spago in Beverly Hills on Monday night.

The Skinnygirl mogul "sipped Patrón at a cocktail table in the bar area with a gentleman that looked to be in his mid-50s," an onlooker tells PEOPLE.

But it was only "tequila and conversation" for the duo, who didn't order anything off the dinner menu.

Despite her very public split from husband Jason Hoppy, Frankel's spirits seemed high. "She was laughing and smiling and even took pictures with guests at the bar," the source adds.

– Dahvi Shira


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Large study confirms flu vaccine safe in pregnancy


NEW YORK (AP) — A large study offers reassuring news for pregnant women: It's safe to get a flu shot.


The research found no evidence that the vaccine increases the risk of losing a fetus, and may prevent some deaths. Getting the flu while pregnant makes fetal death more likely, the Norwegian research showed.


The flu vaccine has long been considered safe for pregnant women and their fetus. U.S. health officials began recommending flu shots for them more than five decades ago, following a higher death rate in pregnant women during a flu pandemic in the late 1950s.


But the study is perhaps the largest look at the safety and value of flu vaccination during pregnancy, experts say.


"This is the kind of information we need to provide our patients when discussing that flu vaccine is important for everyone, particularly for pregnant women," said Dr. Geeta Swamy, a researcher who studies vaccines and pregnant women at Duke University Medical Center.


The study was released by the New England Journal of Medicine on Wednesday as the United States and Europe suffer through an early and intense flu season. A U.S. obstetricians group this week reminded members that it's not too late for their pregnant patients to get vaccinated.


The new study was led by the Norwegian Institute of Public Health. It tracked pregnancies in Norway in 2009 and 2010 during an international epidemic of a new swine flu strain.


Before 2009, pregnant women in Norway were not routinely advised to get flu shots. But during the pandemic, vaccinations against the new strain were recommended for those in their second or third trimester.


The study focused on more than 113,000 pregnancies. Of those, 492 ended in the death of the fetus. The researchers calculated that the risk of fetal death was nearly twice as high for women who weren't vaccinated as it was in vaccinated mothers.


U.S. flu vaccination rates for pregnant women grew in the wake of the 2009 swine flu pandemic, from less than 15 percent to about 50 percent. But health officials say those rates need to be higher to protect newborns as well. Infants can't be vaccinated until 6 months, but studies have shown they pick up some protection if their mothers got the annual shot, experts say.


Because some drugs and vaccines can be harmful to a fetus, there is a long-standing concern about giving any medicine to a pregnant woman, experts acknowledged. But this study should ease any worries about the flu shot, said Dr. Denise Jamieson of the Centers for Disease Control and Prevention.


"The vaccine is safe," she said.


___


Online:


Medical journal: http://www.nejm.org


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