Shares, euro extend losses as Europe recovery hopes dim

LONDON (Reuters) - European shares and the single currency fell sharply on Thursday when surprisingly weak euro zone economic data dashed hopes of an early recovery for the recession-hit region this year.

Economists had forecast the euro zone purchasing managers' indexes (PMIs), based on surveys of business activity, would add to tentative signs a recovery was under way, but instead they pointed to a first-quarter contraction of up to 0.3 percent.

"The expectation was the trend of improvement for the euro zone as a whole would continue and it hasn't, so that is a disappointment," said BNP Paribas economist Ken Wattret.

The euro tumbled to a fresh six-week low below $1.32 on the news, having already suffered at the hands of a resurgent greenback following signals from the U.S. Federal Reserve on Wednesday that it was considering an end to monetary stimulus.

Signs that Fed policymakers were becoming increasingly reluctant to continue aggressive monetary easing, revealed in the minutes of the last policy meeting, had sparked a worldwide selloff in riskier asset markets.

MSCI's world equity index <.miwd00000pus>, already down 0.5 percent on the doubts about future Fed policy, took another step down after the PMI data to be one percent lower for the day, having touched its best levels since mid-2008 on Wednesday.

Europe's Eurofirst 300 index <.fteu3> shed 1.25 percent, on track for its second biggest daily loss of the year. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were all down as much as 1.8 percent lower.

SAFETY PLAYS WELL

In the fixed income market, German bonds, considered a safe haven, hit their best levels for a month with the main Bund futures contract up 91 ticks to 143.33. The move reversed a fall seen on Wednesday and was also being supported by the approach of an Italian general election this weekend.

"Investors are becoming more and more cautious ahead of the weekend ... and altogether people decided here to pull the trigger and go risk-off," said Christian Lenk, a strategist at DZ Bank.

The dollar, another safety play, followed up its big gains on Wednesday adding a further 0.45 percent on an index value that includes most major currencies <.dxy>, although it slipped against the yen to 93.35.

The Markit composite PMI for the euro zone, which combines both services and manufacturing surveys, fell to 47.3 in February from 48.6. It had been expected to rise to 49.0.

The data also showed a growing gap between Germany and France - the two biggest economies in the euro zone - which could have implications for the European Central Bank's future monetary policy.

The survey found firms in Germany are enjoying a healthy rate of growth, while French service sector companies are in the midst of their worst slump since the financial crisis was at a peak in early 2009.

"The theme is still the very substantial divergence between France and Germany and that is going continue to be the case for much of the year," said Wattret of BNP Paribas.

"On the margins this is going to resonate with the dovish tone from the ECB at its last meeting, but I think the real swing factor for the ECB will be exchange rate factor and the tightening impact it is having."

The strength of the euro has been holding back exports.

In commodity markets, the prospect of weakening demand from Europe and a possible early end to the Fed's policy of quantitative easing sent all markets lower.

London copper struck its lowest in nearly two months, at $7,870 a tonne, while oil dropped below $114.50 a barrel for the first time this month having seen its biggest daily fall of the year on Wednesday.

Growth-attuned precious metal platinum fell 3 percent to hit a five-week low. Traditional safe haven gold popped higher, to $1,568 an ounce, after the Fed minutes had pushed it to a seven-month low.

"Long-position holders have been looking to sell for profit-taking," said Yusuke Seta, a commodity sales manager at Newedge Japan. "I guess this is a good time to sell."

(Additional reporting by Marc Jones.; Editing by Alastair Macdonald)

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Sony set to make pre-emptive strike on Microsoft with PS4

TOKYO (Reuters) – Sony Corp is expected to showcase a new PlayStation console on Wednesday in a pre-emptive strike against Microsoft Corp’s bid to make its Xbox the world’s leading hub for household entertainment.

The rare PlayStation event in New York comes amid industry speculation that Microsoft is set to unveil the successor to its Xbox 360, which beats the seven-year-old PlayStation 3′s online network with features such as voice commands on interactive gaming and superior connectivity to smartphones and tablets.

“Their focus is on establishing a beachhead for the next generation of consoles, and that’s what February 20 is all about,” said P.J. McNealy, CEO and founder of Digital World Research. “The reality is they have been playing catch-up.”

Pushing ahead of Microsoft’s Xbox and Nintendo Co Ltd’s new Wii U could help Sony revive an electronics business hurt by a dearth of hit gadgets, a collapse in TV sales and the convergence of consumer interest around tablets and smartphones built by rivals Apple Inc and Samsung Electronics Co Ltd.

Tablets and smartphones already account for around 10 percent of the $ 80 billion gaming market. Those mobile devices, analysts predict, will within a few years be as powerful as the current slew of game-only consoles.

After six years, Sony PlayStation sales are just shy of Xbox’s 67 million installed base and well behind the 100-million selling Wii, analysts said.

A lackluster launch in November of the Wii successor, the Wii U, gives Sony a chance to focus on toppling Microsoft as all three battle the encroachment of casual gaming on tablets and smartphones. Nintendo cut its sales target to 4 million machines from 5.5 million for the year ending March 31.

STREAMING

Microsoft’s answer to the casual gaming threat has been software that gives users extra content and allows them to surf the Internet from their mobile devices. The Xbox already streams Netflix and ESPN and links to tablets and smartphones using Windows or Apple’s iOS and Google Inc’s Android. Sony’s PS3 online network has lagged.

“For Sony, they have to come out and make this PlayStation event the definitive statement of why gamers need to adopt the PlayStation 4 or PlayStation Orbis or whatever they end up calling it,” said Greg Miller, PlayStation executive editor at video game site IGN.com.

Sony’s purchase in July of U.S. cloud-based gaming company Gaikai for $ 380 million hints that the Japanese company will pursue a similar streaming strategy to Microsoft. Sony, industry watchers say, may also offer an expanded range of free games to counter the threat from casual gaming.

Sony, which under its CEO Kazuo Hirai is focusing on gaming, mobile devices and cameras, needs a hit product. But by betting on a PS3 successor, Hirai, whose most profitable business is life insurance, risks deepening consumer electronic losses as he will have to sell consoles at below the manufacturing cost to gain market traction.

That choice is made harder because the other two pillars of Hirai’s new Sony – cameras and mobile – are losing money.

Sony expects to post a $ 1.4 billion operating profit in the current fiscal year. Yet, much of that rebound is gains from offloading real estate, including $ 1.1 billion for its New York headquarters.

The PlayStation event in New York starts at 2300 GMT (1800 EST).

($ 1 = 93.5200 Japanese yen)

(Additional reporting by Reiji Murai; Editing by Ryan Woo)

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India Ink: Should British Politicians Apologize for Colonialism?

On Wednesday, Prime Minister David Cameron of Britain appeared in Amritsar, in the Indian state of Punjab, where he laid a commemorative wreath at Jallianwala Bagh, the site of a 1919 massacre of Indian protesters by British forces that killed about 1,000, according to the Indian government.

The incident was a “deeply shameful” event in British history, Mr. Cameron wrote in a visitor’s book at the memorial, marking the first time that a British politician has offered condolences for the massacre. Mr. Cameron stopped short of apologizing for the attack, though, which some Indians had hoped would happen.

His words of regret touched off a debate in India about what Britain’s current leaders owe India’s citizens, if anything, for the errors of their predecessors.

Here’s what a few historians and political science experts had to say:

Kamal Mitra Chenoy, professor of international studies at Jawaharlal Nehru University in Delhi:

It was long overdue. It has been a century since the incident, where innocent people were herded into an enclosure that they could not escape. In today’s language it would be called a genocide.

I don’t think expressing regret is enough. There should be a sincere apology. You don’t just regret the massacre of hundreds of unarmed civilians. My point is either you do not bring it up, but if you are going to bring it up, then tender an apology — don’t just express regret.

Jallianwala Bagh is a big thing. It is symbolic. An apology would make up for a lot of things.

Basudev Chatterji, professor of history at University of Delhi:

It is something he is doing as a representative of a country. It is a diplomatic and human gesture.

It is, of course, a shameful thing to fire at unarmed people.

I personally don’t believe in correcting historical wrongs, but it is a perfectly decent thing to do on the part of the British prime minister.

Kuldip Singh, head of the political science department at Guru Nanak Dev University in Amritsar, Punjab:

An apology is long overdue. It has been historically established that innocent people were killed. I say it is long overdue because an apology could not have come during the colonial era, but that phase has long gone.

The gesture does not cost anything, but it does leave a good impression on the people of India.

Even if it has come late, speaking on behalf of the people of Punjab, I can say the regret also means a lot.

The British prime minister is on a mission to improve economic ties so it makes sense to address these troubling issues.

Sukhwant Singh, professor of history at Guru Nanak Dev University in Amritsar

Their policies should be criticized, but an apology is a different thing. It was their rule and policy at that time.

How it happened needs to be studied. Before going to any decision whether he should apologize or not, we must know what actually happened.

There are so many Indian rulers who committed atrocities against other Indians.

A question for our readers: Do Britain’s current leaders owe India an apology for events committed during Britain’s colonial rule?

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Mindy McCready Faced Losing Her Children Days Before Suicide

02/20/2013 at 07:00 AM EST

Just days before her apparent suicide, Mindy McCready was plunged into despair after she was served with court papers proposing that her two sons be sent to live with her long-estranged mother.

"The most important thing are my babies must come home," she wrote in an email to her private investigator friend Danno Hanks, who tells PEOPLE in this week's cover story: "She lost all hope."

McCready, 37, was found dead Sunday of an apparently self-inflicted gunshot wound to the head on the porch of her Heber Springs, Ark., home, the same spot where the body of her boyfriend David Wilson was discovered last month, also with a gunshot wound to the head.

The long-troubled country singer and mom to Zayne, 10 months, and Zander, 6, had recently gone to a court-ordered rehab center. She left for police a harrowing scene of death and filth.

The house reeked, food was left out and dog feces were everywhere. Bottles full of prescription pills sat on the nightstand and in the bathroom, according to a police source. Also found: the body of a dog, whom McCready apparently shot before taking her own life.

"People talk about a train wreck, but the world lost a real person, a human being, a mother," says country singer Chely Wright, a friend of McCready's from their early days in Nashville. "I'm praying for her kids."

For more on Mindy McCready's troubled life and tragic death, including inside accounts of her troubling behavior, the latest on the investigation into her boyfriend's death, and exclusive interviews with her closest friends and her former fiancé Dean Cain, pick up this week's PEOPLE, on newsstands Friday

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Drug overdose deaths up for 11th consecutive year

CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines.

"The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed the data.

In 2010, the CDC reported, there were 38,329 drug overdose deaths nationwide. Medicines, mostly prescription drugs, were involved in nearly 60 percent of overdose deaths that year, overshadowing deaths from illicit narcotics.

The report appears in Tuesday's Journal of the American Medical Association.

It details which drugs were at play in most of the fatalities. As in previous recent years, opioid drugs — which include OxyContin and Vicodin — were the biggest problem, contributing to 3 out of 4 medication overdose deaths.

Frieden said many doctors and patients don't realize how addictive these drugs can be, and that they're too often prescribed for pain that can be managed with less risky drugs.

They're useful for cancer, "but if you've got terrible back pain or terrible migraines," using these addictive drugs can be dangerous, he said.

Medication-related deaths accounted for 22,134 of the drug overdose deaths in 2010.

Anti-anxiety drugs including Valium were among common causes of medication-related deaths, involved in almost 30 percent of them. Among the medication-related deaths, 17 percent were suicides.

The report's data came from death certificates, which aren't always clear on whether a death was a suicide or a tragic attempt at getting high. But it does seem like most serious painkiller overdoses were accidental, said Dr. Rich Zane, chair of emergency medicine at the University of Colorado School of Medicine.

The study's findings are no surprise, he added. "The results are consistent with what we experience" in ERs, he said, adding that the statistics no doubt have gotten worse since 2010.

Some experts believe these deaths will level off. "Right now, there's a general belief that because these are pharmaceutical drugs, they're safer than street drugs like heroin," said Don Des Jarlais, director of the chemical dependency institute at New York City's Beth Israel Medical Center.

"But at some point, people using these drugs are going to become more aware of the dangers," he said.

Frieden said the data show a need for more prescription drug monitoring programs at the state level, and more laws shutting down "pill mills" — doctor offices and pharmacies that over-prescribe addictive medicines.

Last month, a federal panel of drug safety specialists recommended that Vicodin and dozens of other medicines be subjected to the same restrictions as other narcotic drugs like oxycodone and morphine. Meanwhile, more and more hospitals have been establishing tougher restrictions on painkiller prescriptions and refills.

One example: The University of Colorado Hospital in Aurora is considering a rule that would ban emergency doctors from prescribing more medicine for patients who say they lost their pain meds, Zane said.

___

Stobbe reported from Atlanta.

___

Online:

JAMA: http://www.jama.ama-assn.org

CDC: http://www.cdc.gov

___

AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com

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Stock index futures signal more gains

LONDON (Reuters) - U.S. stock index futures pointed to a slightly firmer open on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones 0.1 percent higher at 0936 GMT, while those for the Nasdaq 100 added 0.2 percent.

U.S. producer prices, housing starts and building permits for January are all due at 1330 GMT, with the data expected to show a slight acceleration in factory price pressures alongside a continued recovery in the housing market.

The market focus, though, is likely to be on the minutes from the U.S. Federal Open Market Committee's January meeting, due at 1900 GMT, which will be scanned for clues on how long monetary policy is likely to remain ultra accommodative.

The earnings season continues, with Devon Energy Corp., Fluor Corp. and Newfield Exploration among those due to report.

With the season now three quarters of the way through, 28 percent of S&P 500 companies have missed full-year earnings forecasts, with 41 percent undershooting on revenues, according to Thomson Reuters StarMine data.

Dell Inc : The world's No.3 maker of personal computers reported a 31 percent drop in profit, hurt by a shrinking consumer business, as investors weighed founder Michael Dell's offer to buy out the firm.

Demand Media Inc : The company said it is exploring the separation of its media business from its domain name service, a disclosure that sent its shares up nearly 20 percent in after-hours trading.

Boeing : The aircraft maker has found a way to fix battery problems with its grounded 787 Dreamliner jets which involves increasing the space between cells, a source familiar with the U.S. company's plans told Reuters.

Life Technologies : An $11 billion-plus sale of Life Technologies Corp is looking less likely as a gap in price expectations with the company has left potential buyer Thermo Fisher Scientific Inc skeptical about a deal while buyout firms' offers came up short, people familiar with the matter said this week.

Herbalife : The diet supplements company raised its 2013 earnings forecast late on Tuesday.

Heinz : The FBI is looking into possible insider trading in the options of the ketchup maker before its blockbuster deal last week to be acquired by Warren Buffett and Brazil's 3G Capital.

Sina Corp : The operator of China's largest online portal posted better-than-expected fourth-quarter revenue and profit amid concerns about the slowing growth of Chinese online advertising.

Milennial Media : The mobile advertising firm's fourth-quarter sales missed Wall Street expectations, and the company forecast first-quarter revenue below analysts' estimates, sending its shares down as much as 33 percent after the bell.

Marriott International : The hotel operator reported better-than-expected quarterly results, aided by rising international travel and higher rates, and said it expects per-room revenue to rise further in 2013.

Nabors Industries : The owner of the world's largest onshore drilling rig fleet, reported a 44 percent jump in profit, but revenue fell as its major customers curtailed spending amid the worst slowdown in gas-directed drilling in more than a decade.

Total System Services Inc : The Payment processor said it will buy prepaid debit card provider NetSpend Holdings Inc for about $1.4 billion in cash to expand its presence in the prepaid card market and target new customers.

European shares traded flat on Wednesday, consolidating after the previous session's sharp gains, held back by weak earnings newsflow and as traders cited caution ahead of the minutes to the U.S. Federal Reserve's January policy meeting. <.eu/>

The Dow Jones industrial average <.dji> gained 53.91 points, or 0.39 percent on Tuesday to 14,035.67 points - just 0.9 percent away from its record high. The Standard & Poor's 500 Index <.spx> closed up 0.73 percent at 1,530.94, while the Nasdaq Composite Index <.ixic> added or 0.68 percent to 3,213.59.

(Reporting By Toni Vorobyova; Editing by Susan Fenton)

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IHT Rendezvous: Q and A: Nina Hoss, at Home at the Berlinale

BERLIN — The German actress Nina Hoss has been a fixture at the Berlinale in recent years. She won the best actress prize in 2007 for Christian Petzold’s “Yella,” served on the jury in 2011 and starred in one of the most acclaimed titles in last year’s competition, “Barbara,” also directed by Mr. Petzold (with whom she has made five movies in the past dozen years).

This year Ms. Hoss returned to the festival with “Gold,” her first film with Thomas Arslan, the German director often grouped with Mr. Petzold as a founding member of the Berlin School movement. A laconic and methodical neo-western, “Gold” chronicles the arduous expedition of several German fortune seekers into the Klondike hinterlands. Ms. Hoss plays Emily Meyer, a poised and somewhat enigmatic divorcée who may be the most driven member of the group, determined to forge ahead at all costs. It’s a typically restrained yet suggestive performance from an actress who has made an art of holding back.

Ms. Hoss, who will next be seen opposite Philip Seymour Hoffman in Anton Corbijn’s adaptation of John le Carré’s novel “A Most Wanted Man,” spoke about “Gold” and her collaborations with Mr. Arslan and Mr. Petzold in an interview at the Hotel Mandala during the festival.

Here are edited excerpts from the conversation:

Q.

When you take on a period role, as you’ve done with “Gold” and “Barbara,” do you approach it differently?

A.

As a character you always deal with the environment you live in — that helps you understand why they react the way they do. With Emily, for instance, she wears a corset at the beginning, so there’s a restriction right away, but eventually she lets go. These aren’t problems a modern woman would deal with. But they were only allowed to wear skirts in those days, and they even had to take care of the length of the skirt — the Canadian police would actually fine them if they weren’t long enough. Knowing that, even if we don’t talk about it in the movie, helps you to create the character.

Q.

What else did the research involve?

A.

There’s a Canadian writer, Pierre Berton, who wrote books about the Klondike Gold Rush with loads of photographs. But the thing that helped me the most was making a research trip to Dawson City [the destination in “Gold”] three weeks before shooting. I wanted to see where they wanted to go. When you get to this place in the middle of nowhere — really, you drive for six hours and maybe you see 15 cars, no houses, and it’s still wild — you have this feeling of wanting to stay for some weird reason. I understood what they were longing for.

The people who live there are adventurous, they’re open, and they have to work with each other because otherwise they’re never make it through the winter. I could feel it, this simplicity but also the possibility of a new society, which was particularly interesting for a character like Emily. There are not so many books on women during that time but in Dawson City I found some books on local history. There were women who went there looking for adventure and for freedom and to create themselves again. There was no one to tell you that you couldn’t, so women succeeded there and that was a very interesting perspective on those days.

Q.

What about physical preparations?

A.

We had riding lessons here outside of Berlin, and there were lots of preparations with all the props. There was a specialist who taught us how they made fire. We had to practice packing and unpacking the horses, how to saddle them properly. It was practical training more than intellectual discussions.

Q.

Was it a difficult shoot?

A.

It was quite exhausting. Because it’s a low-budget project there are not too many people around to help with the horses, for example. You can imagine, these seven actors in a dense forest, holding their horses for hours, until the camera is ready. They get crazy — the horses, I mean.

Q.

To what extent did you think of “Gold” as a western?

A.

More a road movie. I think it’s not as lawless as a western. It has parts of the genre in it, like revenge and a shootout. But what I found quite interesting is being German in this country, it’s as if they bring the law with them, and there are all these restrictions that they put on themselves. When you see this German group in the forests of Canada, it immediately tells you how far they’ve traveled. What I found interesting was thinking about what makes people follow their dreams, how hope keeps you going and how it can destroy you.

Q.

Did you see similarities between Emily and Barbara? They’re living in very different circumstances but both are extremely focused women, self-sufficient out of necessity.

A.

In that sense, maybe, and also in that they have principles. Emily has strong principles and is very pragmatic, and same with Barbara. They are women with principles and also they don’t want to let go. For me there’s something very positive underneath with both of them. They believe in life and they want to live, with all its ups and downs. They want to die and say, I lived. No one took it away from me.

But Emily doesn’t have to hold back as much. She does in the beginning because it was dangerous for women to be on their own, so she can’t just be too openhearted.

Q.

Since your characters often reveal little about themselves, do you create back stories for them?

A.

To be so restricted in some of these roles, especially in Christian’s films, can be a tough job. That’s why I need to do other types of films and theater — you become an actor to express yourself, and it’s tough to restrain yourself all the time. I love it, of course, because it’s a specific kind of task and I love the characters Christian writes for me. But I need to know everything about her. From the script I can guess that’s probably why she reacts a certain way, maybe because of the past, so I construct something.

With these characters you don’t just react and say what you think. It’s more like, oh, I would like to say this now but I can’t, so I’m saying this instead. There are so many things going on that I need to exactly know what she wanted to say. That has to be precise, otherwise I go crazy. But I don’t force it. I don’t feel like I need to tell the audience what I’m thinking right now. I love that it can be very precise for me, but when you watch it your mind creates your own story for her.

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Mindy McCready: Under Police Scrutiny at Time of Suicide?

By Steve Helling and Mike Fleeman

02/18/2013 at 06:00 PM EST

Mindy McCready and David Wilson

Courtesy Mindy McCready

When Mindy McCready talked to police in recent weeks, her account of how her boyfriend came to be found with a fatal gunshot wound to the head concerned police, a law enforcement source tells PEOPLE.

"At first, she said she hadn't heard the gunshot because the TV was too loud. Then she said she had heard the gunshot," the source says. "So obviously there were a lot of questions, and the Sheriff was asking for clarification."

But before investigators could re-interview her, the long-troubled country singer also would die under eerily similar circumstances, her body discovered at the same Heber Springs, Ark., house just feet away from where David Wilson died.

McCready's death was blamed on what "appears to be a single self-inflicted gunshot wound," the Cleburne County Sheriff's Office said in a statement.

This differed from how the sheriff characterized Wilson's case. His cause and manner of death still have not been established by the coroner. It was McCready's publicist, and not a law enforcement official, who announced that Wilson had died of a self-inflicted gunshot wound.

After Wilson's death, McCready, 37, spoke to investigators three times, but they didn't feel as if they were through with her.

"At no point did [police] tell her she was a suspect, and she wasn't officially one," says the source. "But she knew that some of her answers didn't stand up to questioning. She was very cooperative, but she just wasn't making a lot of sense."

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Hip implants a bit more likely to fail in women

CHICAGO (AP) — Hip replacements are slightly more likely to fail in women than in men, according to one of the largest studies of its kind in U.S. patients. The risk of the implants failing is low, but women were 29 percent more likely than men to need a repeat surgery within the first three years.

The message for women considering hip replacement surgery remains unclear. It's not known which models of hip implants perform best in women, even though women make up the majority of the more than 400,000 Americans who have full or partial hip replacements each year to ease the pain and loss of mobility caused by arthritis or injuries.

"This is the first step in what has to be a much longer-term research strategy to figure out why women have worse experiences," said Diana Zuckerman, president of the nonprofit National Research Center for Women & Families. "Research in this area could save billions of dollars" and prevent patients from experiencing the pain and inconvenience of surgeries to fix hip implants that go wrong.

Researchers looked at more than 35,000 surgeries at 46 hospitals in the Kaiser Permanente health system. The research, published Monday in JAMA Internal Medicine, was funded by the U.S. Food and Drug Administration.

After an average of three years, 2.3 percent of the women and 1.9 percent of the men had undergone revision surgery to fix a problem with the original hip replacement. Problems included instability, infection, broken bones and loosening.

"There is an increased risk of failure in women compared to men," said lead author Maria Inacio, an epidemiologist at Southern California Permanente Medical Group in San Diego. "This is still a very small number of failures."

Women tend to have smaller joints and bones than men, and so they tend to need smaller artificial hips. Devices with smaller femoral heads — the ball-shaped part of the ball-and-socket joint in an artificial hip — are more likely to dislocate and require a surgical repair.

That explained some, but not all, of the difference between women and men in the study. It's not clear what else may have contributed to the gap. Co-author Dr. Monti Khatod, an orthopedic surgeon in Los Angeles, speculated that one factor may be a greater loss of bone density in women.

The failure of metal-on-metal hips was almost twice as high for women than in men. The once-popular models were promoted by manufacturers as being more durable than standard plastic or ceramic joints, but several high-profile recalls have led to a decrease in their use in recent years.

"Don't be fooled by hype about a new hip product," said Zuckerman, who wrote an accompanying commentary in the medical journal. "I would not choose the latest, greatest hip implant if I were a woman patient. ... At least if it's been for sale for a few years, there's more evidence for how well it's working."

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Online:

Journal: http://www.jamainternalmed.com

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Swiss say U.S. not in touch over Heinz insider trading case

ZURICH (Reuters) - Swiss authorities said on Monday they have not yet been asked to help a U.S. investigation into alleged insider trading in call options of H.J. Heinz Co the day before the company announced it would be sold, even though a Zurich account is at the heart of the matter.

U.S. securities regulators filed suit on Friday against as-yet-unidentified traders in Heinz options alleging they traded on inside information before the company made public the deal to be bought for $23 billion by an investor group made up of Warren Buffett's Berkshire Hathaway Inc and Brazil's 3G Capital Partners.

The U.S. Securities and Exchange Commission said in a statement on Friday it had obtained "an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7 million from trading in advance of yesterday's public announcement about the acquisition of H.J. Heinz Company."

The order from the U.S. District Court for the Southern District of New York freezes the traders' assets and prohibits them from destroying any evidence, the SEC statement said.

SEC spokesman John Nester said on Monday that the assets concerned had been frozen in the United States, not Switzerland, though the "beneficial owners" were those allegedly behind the Swiss account. He did not respond immediately when asked if the U.S. authorities were in contact with their Swiss counterparts.

With the assets frozen, the SEC would have had no immediate need for Swiss assistance in the case, although it eventually may need help to identify the account holders.

Rainer Borer, a spokesman for the Swiss financial markets watchdog known as FINMA, said a U.S. court cannot by itself freeze assets in an account of a bank operating in Switzerland.

"For that, it has to ask for legal or administrative assistance," he told Reuters. "Up to now, FINMA has not received a U.S. request for administrative assistance in the mentioned case of potential insider trading."

Justice ministry spokesman Folco Galli said the ministry had not received an official request for legal assistance either.

"Either a request for administrative or legal assistance would be necessary because a U.S. court cannot enforce a coercive measure in Switzerland," he said.

U.S. bank Goldman Sachs has said it is co-operating with the SEC probe. The SEC suit filed Friday refers to the account in Switzerland as the "GS Account.

Heinz had no comment, Michael Mullen, a company spokesman, said by email. Berkshire Hathaway and 3G Capital likewise declined to comment, said Gemma Hart, a spokeswoman for the investor group.

(Reporting by Silke Koltrowitz; Additional reporting by Martin de Sa'Pinto in Zurich and Jim Wolf in Washington; Editing by Marguerita Choy)

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