Canada will push to keep bank capital rules on schedule

OTTAWA (Reuters) – Canada will urge all countries to stick to the agreed schedule for implementing tougher bank capital rules at a November 4-5 meeting of finance ministers and central bankers from the Group of 20 nations, a senior finance ministry official said on Thursday.

The so-called Basel III rules are the world’s regulatory response to the financial crisis, forcing banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts.

They were to be phased in from January 2013 but areas such as the United States and the European Union are not yet ready and U.S. and British supervisors have criticized them as too complex to work.

The Canadian official, who briefed reports ahead of the meeting on condition that he not be named, said it was imperative that the rules, the timelines and the principles behind them be respected and said Finance Minister Jim Flaherty would make that view known to his G20 colleagues.

Canada sees the European debt crisis as the biggest near-term risk to the global economy, and it also expects the U.S. debt crisis to be top of mind at the talks, the official said.

But the meeting takes place just before the U.S. presidential election and U.S. Treasury Secretary Timothy Geithner will be absent, so it remains unclear how much the G20 can pressure Washington on that front.

Some other countries have also scaled back their delegations, raising doubts about how meaningful the meeting will be.

The official dismissed that argument, saying high-level officials substituting for their ministers allowed for extremely important issues to be addressed anyway.

He said holding each country around the table accountable to its past commitments helped keep the momentum going toward resolving global economic problems.

(Reporting by Louise Egan; Writing by David Ljunggren; Editing by M.D. Golan)

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Storm leaves death, tears in its wake

Death blew in on the superstorm's wild winds and sea water torrents, claiming 90-year-olds and children with capriciously toppling trees, taking tall-ship adventurers in mountainous Atlantic waves and average folks just trying to deal with a freakish snowstorm. It felled both heroes rushing into harm's way and, ironically, people simply following advice to play it safe at home.

At least 72 died as the shape-shifting hurricane and winter storm ravaged the eastern U.S., and searchers continued looking for victims Wednesday.

In New York City, a college student went out to take pictures in the borough of Queens and was electrocuted by a downed power line, while across town on Staten Island, an off-duty policeman drowned after moving his family to safety.

Lauren Abraham, who went by the nickname LolaDiva on YouTube, was a makeup artist who worked out of a studio in her parents' Queens home. The recent beauty school graduate was studying at City University of New York's Lehman College, according to her Facebook page. "In her time of reflection she learned to find the beauty in even the darkest situations," her online bio reads.

As the superstorm ravaged New York and floodwater surged into his Staten Island house Monday evening, off-duty NYPD officer Artur Kasprzak, 28, shepherded six adult relatives and a baby to the attic.

Then, according to police, Kasprzak, a six-year veteran of the force, told one of the women he was going to check the basement. When he didn't return, she called 911. Police came quickly with a SCUBA unit, but couldn't access the home because power lines had fallen into the water.

"He went to the basement. And the water just started washing in," his sister Marta told the Daily News. "He was pushed into a window. ... The water just kept coming in."

Bunting draped a firehouse in Easton, Conn., honoring another first responder who rushed to help. Lt. Russell Neary was killed when an enormous tree crashed down on his fire truck as he and others tried to clear storm debris.

"We're a small volunteer department, and so everybody knew everybody," said Casey Meskers, the department vice president. Neary was the president. An insurance executive, he had volunteered for 13 years, and also helped with his children's sports teams.

"We've been on the soccer fields with each other with our kids," Meskers said Wednesday. "There's been a lot of tears shed, I'll tell you."

So many times, trees and heavy limbs that fell to the storm's powerful gusts left mourners along its path.

Two people died when a tree fell on their vehicle in Morris County, N.J., and many others perished inside homes, where they thought they'd be safe — from North Salem, N.Y., where two boys, 11 and 13, were killed when a tree fell on their home, to Pasadena, Md.

Donald Cannata Sr., 73, was at home in Pasadena, a leafy suburb between Baltimore and Annapolis, when the storm knocked a large tree into his house. The retired civil engineer lived alone with his cat and dog and had stepped into the kitchen just when the tree fell.

He loved photography and opera and was considerate, hardworking and selfless, said his son, Donald Jr., an opinion shared by neighbors. Cannata's son said his father's death "shook me so to the core," partly because they had talked about taking down the tree.

"We talked about it so many times. I said, 'Pop, the tree's getting pretty old,'" Cannata said.

An elderly man trimming a tree in Pennsylvania's Lancaster County was killed when a limb broke and fell on him, authorities said.

A limb fall also killed John Rose Sr. as he and his wife checked fences on his snow-covered 100-acre farm near Philippi, W.Va., on Tuesday. The storm had dumped about seven inches of snow in the region, where Rose was a Republican candidate for the House of Delegates. He had traveled to Charleston regularly to lobby lawmakers on farming and other issues, and he hoped to continue making the trip as a member.

Rose, 60, had previously run a power-washing business and worked as a coal miner, his son George Rose said.

"The whole county knew him," he said.

The storm's blizzard threat was still far off when, churning in the relatively warm Atlantic off Cape Hatteras, N.C., on Monday, Hurricane Sandy engulfed the replica tall ship HMS Bounty. The ship, which was featured in the films "Mutiny on the Bounty" and "Pirates of the Caribbean: Dead Man's Chest," took on water and eventually went down.

Coast Guard rescuers saved most of the 17 crew members, but a search continues for the ship's captain, Robin Wallbridge.

Swept overboard with him was Claudene Christian, 42, who said she was a direct descendant of the man who led the infamous 1789 mutiny on the real HMS Bounty. In the 1962 Bounty film, Marlon Brando starred as lead mutineer Fletcher Christian.

Searchers found Christian — a novice sailor who was wearing an orange survival suit — unresponsive in the water late Monday, about eight nautical miles from where the Bounty sank. She was flown by helicopter to a hospital on the mainland, where she was pronounced dead.

A marketing specialist, she had lived in Alaska, Oklahoma and California. She was a member of the University of Southern California cheering squad, the Song Girls, from 1989 to 1991, said coach Lori Nelson. "Claudene will always be remembered for her energetic and bubbly personality on and off the field," the team posted on its Facebook page.

Endless accidents that would be described as freak twists of fate spun off from the superstorm.

Eugene "Rusty" Brooks, 42, of Woodstock, N.H., died Tuesday morning when a hillside construction site in the state's White Mountains collapsed beneath him. Brooks, owner of Pemmi Contracting, had been preparing a cellar on a home site on Loon Mountain in the ski resort town of Lincoln, said Police Chief Ted Smith. The cellar hole had filled up with rain from Sandy, and Brooks had just thrown a hose in to drain it off when the ground gave way.

"The retaining wall just liquefied with him standing there," Smith said. "He washed down with all the boulders, mud and water into the street."

When police and rescue workers arrived, they found a bystander performing CPR on Brooks, who could not be revived.

"It just basically was a freak, bizarre accident," the chief said. "It could have given way prior to him being there or afterwards."

The massive storm's unrelenting stress was blamed as a contributor to death by some loved ones, and in other cases the paralyzing wind and water compounded medical problems.

An Atlantic City, N.J., woman had a heart attack while she was being evacuated on Monday, officials reported.

In Pennsylvania's Lehigh County, an 86-year-old woman was pronounced dead of hypothermia after being found unresponsive in her yard following exposure to the storm, and a 48-year-old woman died of carbon monoxide poisoning in her home, the coroner's office reported.

A 90-year-old woman also died of carbon monoxide poisoning from a generator in the Philadelphia area, one of two claimed by the storm at age 90. The other was a Mansfield, Conn., woman who neighbors said left her home after a small tree snapped and was killed by a larger one.

In New York City, Herminia St. John, a 75-year-old grandmother of 14 who suffered from congestive heart failure and diabetes, died after her oxygen machine lost power and a backup failed. Her grandson, Claudio St. John, rushed into the street and tried unsuccessfully to flag down an ambulance. Finally, he went around the corner to Bellevue Hospital, where his mother worked as a food supervisor for 30 years. But by the time someone came it was too late.

"I hugged her and she hugged and kissed me," Elsa St. John, 54, told the Daily News. "She asked me to turn her to the window and she was gone."

___

Associated Press writers Allen G. Breed in Raleigh, N.C., Alex Dominguez in Pasadena, Md., Sharon Cohen in Chicago, Justin Pope in Ann Arbor, Mich., Lawrence Messina in Charleston, W.Va., and Vicki Smith in Philippi, W.Va., contributed to this report.

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Broadway lights go up in post-Sandy NYC

NEW YORK (AP) — The lights went up again on Broadway Wednesday for the first time since Hurricane Sandy hit New York, as entertainers headed back to work in a city still wracked by power-outages and a suspended subway system.

Though some Broadway shows, including Disney’s “Mary Poppins” and “The Lion King” remained dark Wednesday night, the curtain was to rise for many of the other 38 shows, including “Cyrano De Bergerac.” Patrick Page, who plays the villain Comte de Guiche in the production, was heading back to the theater for a matinee performance, even if he was unsure if there would be anyone in the seats.

“Broadway is as important an icon of New York City as the subways, so to get back to work is a sign that we can bounce back,” he said. “This has been such a tough time for so many and it’s vital that we show the lights are on and there’s great work being done onstage.”

Page said he spent a restless time off in his Upper West Side neighborhood, worried about his in-laws along the New Jersey shore — he is married to actress and TV personality Paige Davis. He said he checked Facebook to find out how friends were fairing, obsessively watched the news and went out to check that neighbors had ridden out the storm.

“We’re New Yorkers,” he said. “We’ll get through this.”

The company of “Peter and the Starcatcher,” the Tony Award-nominated prequel to Peter Pan, faced some tense moments before their Wednesday matinee. Five of their dozen cast members live in Brooklyn and faced a dicey commute. For instance, their Peter Pan, Adam Chanler-Berat, didn’t fly to the theater — he biked.

As the 2 p.m. show loomed, all the cast was in place, except for Isaiah Johnson, who plays Captain Scott. Playwright Rick Elice and co-director Roger Rees, who were both at the Brooks Atkinson Theatre, each was ready to go on if he didn’t make it. He did — but only five minutes until curtain.

In downtown theaters, though, the stories were grim.

The SoHo Rep was without power and had some flooding, while MCC Theatre had no electricity Wednesday. The Barrow Street Theatre was dark and facing the prospect of canceling additional performances of “Tribes” while they await power. The Bank Street Theater is without power and its basement is flooded, forcing the Labyrinth Theater Company to put off the first preview of their “Radiance.” One of the cast members of Eve Ensler’s “Emotional Creature,” playing on 42nd Street, lives in Long Island, has no electricity and may not be able to get to tonight’s performance.

All Broadway shows planned to be back on schedule Thursday and some even managed to turn the mess into promotions. “The Performers” was offering a “Sandy Special” of $ 29.50 for top tickets, while the Roundabout Theatre Company let patrons with MetroCards buy tickets for $ 20 to its “Cyrano de Bergerac” and “The Mystery of Edwin Drood.”

New York‘s late-night TV hosts were back in swing, though, with all resuming regular production Wednesday. The remaining holdouts — Jon Stewart with “The Daily Show” and Stephen Colbert with “The Colbert Report” — were to join David Letterman (“The Late Show”), Jimmy Fallon (“Late Night”) and Jimmy Kimmel (“Jimmy Kimmel Live”), who is doing a week of shows in Brooklyn, on the airwaves.

All were to tape with a live studio audience Wednesday. Out of safety and caution, Letterman taped Monday and Tuesday’s episodes in front of an empty Ed Sullivan Theater, but it will again be full Wednesday. Fallon did the same at Rockefeller Center on Monday.

Other New York cultural institutions were forced to continue to cancel planned events. Carnegie Hall, which sits on 57th Street near the hanging crane, announced that its Thursday concerts were postponed, after having already done the same for Wednesday night’s performances. Lincoln Center swung back into business Wednesday, with the exception of a handful of events. Performances were also to resume at the Metropolitan Opera.

For many, figuring out exactly when to reopen business was a daunting and uncertain decision. While parts of the New York transit system have been restored, predictions on when subways, commuter rails and power to the southern end of Manhattan have generally been vague. Knowing when both performers and audience can get to their stages, TV studios and concert halls has been a day-by-day waiting game.

The Keep a Child Alive foundation announced Wednesday that the 9th annual Black Ball, scheduled for Thursday, has been postponed. Alicia Keys was to host, Oprah Winfrey was to be honored and Beyonce was to perform at the Hammerstein Ballroom event, which raises money to fight AIDS in Africa.

Robert De Niro’s Tribeca Enterprises, the umbrella organization that includes the annual Tribeca Film Festival and the film distribution company Tribeca Film, has remained closed and without power. The organization’s nonprofit arm, the Tribeca Film Institute, on Wednesday canceled its annual benefit which was to be a special screening Thursday for the James Bond film “Skyfall.” It has been postponed until Monday, and cast members are no longer able to attend.

Film and TV production in New York has ceased outside of sound stages, as the Mayor’s Office of Film, Theater and Broadcasting said it would not grant permits to shoot in exterior locations throughout the five boroughs until at least Saturday. Production on shows from “30 Rock” to “Gossip Girl” has been affected.

“The city has not issued any location permits this week, so probably the earliest we’ll be able to shoot is this weekend,” said Warren Leight, executive producer of “Law & Order: SVU.” ”We are able to do some location scouting tomorrow and we have our production meetings by phone, with people on their cells and calling from their cars. The main issue is going to be getting power restored.”

Some celebrities sought to raise money for those affected by Hurricane Sandy. Edward Norton on Wednesday kicked off a crowd-funded relief effort via the website CrowdRise.com, with money donated from various companies to help spark giving.

“We wanted to make it easy for people to quickly support relief efforts after Hurricane Sandy through reliable organizations and, even better, to have the impact of their dollars doubled,” said Norton. “So CrowdRise has rallied a bunch of great companies committed to matching the funds raised through our page.”

The storm also made a mess of Henry Winkler’s birthday plans. The one-time TV “Fonzie,” rode out the storm safely in upper Manhattan but his thoughts were with those suffering in New Jersey, Long Island and lower Manhattan. He turned 67 on Monday.

“It made my birthday insignificant,” said Winkler, who stars as a veteran porn star in the new Broadway comedy “The Performers.” ”Just to be able to take a walk was pretty terrific. You think you know how to plan for a storm after all these years and then it makes history. All those millions of people affected, it breaks my heart.”

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AP TV Writer Lynn Elber in Los Angeles contributed to this report.

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Sony, Sharp in turnaround battle; Panasonic battered

TOKYO (Reuters) – Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren’t sure a consumer electronics revamp will deliver the profit growth the group seeks.

Sony shares, valued at less than $ 12 billion, have dropped 19 percent since end-June and its 5-year credit default swaps – the cost of insuring against debt default – have jumped by almost 60 percent. The benchmark Nikkei average is down by less than 1 percent.

The maker of Bravia TVs, Vaio laptops and PlayStation game consoles, battling weak demand and tough competition, is expected to say it earned operating profit of 33.8 billion yen ($ 424.7 million) in its second quarter, after losing 1.6 billion yen a year ago, according to an average estimate from five analysts on Thomson Reuters I/B/E/S.

“The reality for Sony now is that it’s getting profit through financial accounting; beyond that, things are not good,” said Tetsuro Ii, CEO of Commons Asset Management. “The question is whether Sony can tell a growth story or not.”

Sony has sold a chemicals unit to state-backed Development Bank of Japan for 58 billion yen, and other asset sales may further inflate operating profit this business year. The Japanese group, which blazed a trail in the early 1980s with its Walkman portable music players, is closing the Shinagawa Technology Center, a 31-storey Tokyo office built in 1998 [ID:nL1E8LN16K] and may even sell the 37-storey Sony Tower, the New York headquarters of its U.S. business, according to media reports.

Sony has said it expects to reduce its global workforce by 10,000 people by end-March, around 6 percent of its total, as it seeks to lop 30 billion yen off its costs.

HIGH-RISK

Kazuo Hirai, who took over as CEO in April, has pledged to rebuild Sony around gaming, digital imaging and mobile devices, and nurture new businesses such as medical devices, as the TV business shrinks – Sony has lost close to $ 9 billion in TVs over the past 8 years. In late-September, Sony agreed to pay 50 billion yen to become the biggest shareholder in Olympus Corp, a world leader in medical endoscopes.

“The areas in which Sony is continuing to focus are of course high-risk, high-return markets,” said JP Morgan analyst Yoshiharu Izumi in a recent report. “Although we expect (full-year) margin improvement in the electronics segment, we think it’s too early to appraise a sustained recovery.”

While battling weak demand for its products, fierce competition from Apple Inc and Samsung Electronics and others, Sony is also up against a strong yen and a depressed global economy.

Shares in rival Japanese TV maker Panasonic Corp slumped by nearly a fifth on Thursday, wiping $ 3 billion off its market value, a day after it said it will lose almost $ 10 billion this business year as it cleans its house of risky assets – writing down billions of dollars of goodwill and assets in its mobile and energy units and preparing for more restructuring that is likely to see it shift away from money-losing TVs and other consumer electronics.

“It may not be on the same scale, but for the same reasons I think there’s a strong chance Sony, too, will opt for writedowns,” said Makoto Kikuchi, CEO fo Myojo Asset Management in Tokyo.

OUTLOOK DIMMER

In August, Sony cut its full-year operating profit forecast by more than a quarter to 130 billion yen, still some way above the average forecast by 19 analysts for 107 billion yen. At a net level, Sony sees annual profit of 20 billion yen, while the market prediction is for around a third of that.

“It’s unclear if Sony will cut its full-year operating profit guidance, but we see considerable potential for second-half shortfalls, mainly in smartphones and games,” Goldman Sachs analyst Takashi Watanabe said in a client note.

Sales of Sony’s handsets, including its Xperia smartphones, are expected to have slid by more than a fifth in July-September, to below 8 million devices, a Reuters poll found last month. [ID:nL6E8LAL10] Next year it is forecast to sell 34.4 million mobiles, about the same as Samsung shifts each month.

The South Korean firm and Apple are also encroaching on Sony’s gaming business, and Hirai has cut the forecast for annual sales of the hand-held Vita and PSP consoles to 12 million from 16 million.

After four straight years of net losses, Hirai is also hampered by weakened finances. At end-June, Sony’s shareholder equity ratio fell to below 15 percent – a rate of 20 percent is generally considered a healthy minimum.

While selling off non-core assets, Sony has also spent to bolster its business portfolio – laying out $ 1.8 billion in four months on the Olympus stake, a cloud gaming firm and a website for doctors, but this has prompted both Moody’s and Standard & Poor’s to lower their long-term debt rating on the company to the second-lowest investment grade.

SHARP DOWNTURN

At rival Japanese TV maker Sharp Corp, which also announces quarterly earnings on Thursday, the need to return to profit is more urgent.

The maker of Aquos TVs has secured a $ 4.6 billion bank bailout, and has pledged to axe 10,000 jobs, sell assets, and return to profit. At end-June, Sharp’s shareholder equity ratio was 18.7 percent.

After adding restructuring charges, valuation losses on stocks of LCD display panels and other costs, Sharp will almost double its net loss forecast for the year to 450 billion yen, two sources familiar with the matter told Reuters.

But Sharp will keep its forecast for an operating profit in the current second half, a turnaround that will let its banks justify their bailout of Japan’s TV pioneer. For July-September, Sharp is expected to have made a 50.4 billion yen operating loss, according to the average of six analysts on Thomson Reuters I/B/E/S.

The bank loans may prove to be just a sticking plaster rather than a salvation, said Myojo Asset’s Kikuchi. “I don’t think Sharp has a future. Even if it gets by this term, financial problems could emerge again next business year, and I don’t see the banks coming to the rescue.”

Both Sharp and Sony may also have felt the impact of a recent dispute with China over ownership of islands in the East China Sea, which triggered sometimes violent protests against Japanese products. Sharp had almost a fifth of its revenues in China, while Sony has around 8 percent of its business there.

Sharp shares have more than halved since end-June, to record lows below 150 yen. Five years ago, the stock traded at above 2,440 yen. Its market value has slumped to below $ 2.4 billion.

($ 1 = 79.5800 Japanese yen)

(Additional reporting by Reiji Murai; Editing by Ian Geoghegan and Eric Meijer)

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Apple's Cook fields his A-team before a wary Wall Street

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook's new go-to management team of mostly familiar faces failed to drum up much excitement on Wall Street, driving its shares to a three-month low on Wednesday.

The world's most valuable technology company, which had faced questions about a visionary-leadership vacuum following the death of Steve Jobs, on Monday stunned investors by announcing the ouster of chief mobile software architect Scott Forstall and retail chief John Browett -- the latter after six months on the job.

Cook gave most of Forstall's responsibilities to Macintosh software chief Craig Federighi, while some parts of the job went to Internet chief Eddy Cue and celebrated designer Jony Ive.

But the loss of the 15-year veteran and Jobs's confidant Forstall, and resurgent talk about internal conflicts, exacerbated uncertainty over whether Cook and his lieutenants have what it takes to devise and market the next ground-breaking, industry-disrupting product.

Apple shares ended the day down 1.4 percent at 595.32. They have shed a tenth of their value this month -- the biggest monthly loss since late 2008, and have headed south since touching an all-time high of $705 in September.

For investors, the management upheaval from a company that usually excels at delivering positive surprises represents the latest reason for unease about the future of a company now more valuable than almost any other company in the world.

Apple undershot analysts targets in its fiscal third quarter, the second straight disappointment. Its latest Maps software was met with widespread frustration and ridicule over glaring mistakes. Sources told Reuters that Forstall and Cook disagreed over the need to publicly apologize for its maps service embarrassment.

And this month, Apple entered the small-tablet market with its iPad mini, lagging Amazon.com Inc and Google Inc despite pioneering the tablet market in 2010.

Investor concerns now center around the demand, availability and profitability of new products, including the iPad mini set to hit stores on Friday.

"The sudden departure of Scott Forstall doesn't help," said Shaw Wu, an analyst with Sterne Agee. "Now there's some uncertainty in the management."

"There appears to be some infighting, post-Steve Jobs, and looks like Cook is putting his foot down and unifying the troops."

Apple declined to comment beyond Monday's announcement.

Against that backdrop, Cook's inner circle has some convincing to do. In the wake of Forstall's exit, iTunes maestro Eddy Cue -- dubbed "Mr Fixit", the sources say -- gets his second promotion in a year, taking on an expanded portfolio of all online services, including Siri and Maps.

The affable executive with a tough negotiating streak who, according to documents revealed in court, lobbied Jobs aggressively and finally convinced the late visionary about the need for a smaller-sized tablet, has become a central figure: a versatile problem-solver for the company.

Ive, the British-born award-winning designer credited with pushing the boundaries of engineering with the iPod and iPhone, now extends his skills into the software realm with the lead on user interface.

Marketing guru Schiller continues in his role, while career engineer Mansfield canceled his retirement to stay on and lead wireless and semiconductor teams. Then there's Federighi, the self-effacing software engineer who a source told Reuters joined Apple over Forstall's initial objections, and has the nickname "Hair Force One" on Game Center.

"With a large base of approximately 60,400 full-time employees, it would be easy to conclude that the departures are not important," said Keith Bachman, analyst with BMO Capital Markets. "However, we do believe the departures are a negative, since we think Mr. Forstall in particular added value to Apple."

TEAM COOK

Few would argue with Forstall's success in leading mobile software iOS and that he deserves a lot of credit for the sale of millions of iPhones and iPads.

But despite the success, his style and direction on the software were not without critics, inside and outside.

Forstall often clashed with other executives, said a person familiar with him, adding he sometimes tended to over-promise and under-deliver on features. Now, Federighi, Ive and Cue have the opportunity to develop the look, feel and engineering of the all-important software that runs iPhones and iPads.

Cue, who rose to prominence by building and fostering iTunes and the app store, has the tough job of fixing and improving Maps, unveiled with much fanfare by Forstall in June, but it was found full of missing information and wrongly marked sites.

The Duke University alum and Blue Devils basketball fan -- he has been seen courtside with players -- is deemed the right person to accomplish this, given his track record on fixing services and products that initially don't do well.

The 23-year veteran turned around the short-lived MobileMe storage service after revamping and wrapping it into the reasonably well-received iCloud offering.

"Eddy is certainly a person who gets thrown a lot of stuff to ‘go make it work' as he's very used to dealing with partners," said a person familiar with Cue. The person said Cue was suited to fixing Maps given the need to work with partners such as TomTom and business listings provider Yelp.

Cue's affable charm and years of dealing with entertainment companies may come in handy as he also tries to improve voice-enabled digital assistant Siri. He has climbed the ladder rapidly in the past five years and was promoted to senior vice president last September, shortly after Cook took over as CEO.

Both Cue and Cook will work more closely with Federighi, who spent a decade in enterprise software before rejoining Apple in 2009, taking over Mac software after the legendary Bertrand Serlet left the company in March last year

Federighi was instrumental in bringing popular mobile features such as notifications and Facebook integration onto the latest Mac operating system Mountain Lion, which was downloaded on 3 million machines in four days.

The former CTO of business software company Ariba, now part of SAP, worked with Jobs at NeXT Computer. Federighi is a visionary in software engineering and can be as good as Jobs in strategic decisions for the product he oversees, a person who has worked with him said.

His presentation skills have been called on of late, most recently at Apple annual developers' gathering in the summer.

Then there's Ive, deemed Apple's inspirational force. Among the iconic products he has worked on are multi-hued iMac computers, the iPod music player, the iPhone and the iPad.

Forstall's departure may free Ive of certain constraints, the sources said. His exit brought to the fore a fundamental design issue -- to do or not to do digital skeuomorphic designs. Skeuomorphic designs stay true to and mimic real-life objects, such as the bookshelf in the iBooks icon, green felt in its Game Center app icon, and an analog clock depicting the time.

Forstall, who will stay on as adviser to Cook for another year, strongly believed in these designs, but his philosophy was not shared by all. His chief dissenter was Ive, who is said to prefer a more open approach, which could mean a slightly different design direction on the icons.

"There is no one else who has that kind of (design) focus on the team," the person said of Ive. "He is critical for them."

(Additional reporting by Alistair Barr; Editing by Edwin Chan and Ken Wills)

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Clinton calls for overhaul of Syrian opposition

ZAGREB (Reuters) – The United States called on Wednesday for an overhaul of Syria‘s opposition leadership, saying it was time to move beyond the Syrian National Council and bring in those “in the front lines fighting and dying”.

Secretary of State Hillary Clinton, signaling a more active stance by Washington in attempts to form a credible political opposition to Syrian President Bashar al-Assad, said a meeting next week in Qatar would be an opportunity to broaden the coalition against him.

“This cannot be an opposition represented by people who have many good attributes but who, in many instances, have not been inside Syria for 20, 30, 40 years,” she said during a visit to Croatia.

“There has to be a representation of those who are in the front lines fighting and dying today to obtain their freedom.”

Clinton’s comments represented a clear break with the Syrian National Council (SNC), a largely foreign-based group which has been among the most vocal proponents of international intervention in the Syrian conflict.

U.S. officials have privately expressed frustration with the SNC’s inability to come together with a coherent plan and with its lack of traction with the disparate internal groups which have waged the 19-month uprising against Assad’s government.

Senior members of the SNC, Free Syrian Army (FSA) and other rebel groups ended a meeting in Turkey on Wednesday and pledged to unite behind a transitional government in coming months.

“It’s been our divisions that have allowed the Assad forces to reach this point,” Ammar al-Wawi, a rebel commander, told Reuters after the talks outside Istanbul.

“We are united on toppling Assad. Everyone, including all the rebels, will gather under the transitional government.”

Mohammad Al-Haj Ali, a senior Syrian military defector, told a news conference after the meeting: “We are still facing some difficulties between the politicians and different opposition groups and the leaders of the Free Syrian Army on the ground.”

Clinton said it was important that the next rulers of Syria were both inclusive and committed to rejecting extremism.

“There needs to be an opposition that can speak to every segment and every geographic part of Syria. And we also need an opposition that will be on record strongly resisting the efforts by extremists to hijack the Syrian revolution,” she said.

Syria’s revolt has killed an estimated 32,000. A bomb near a Shi’ite shrine in a suburb of Damascus killed at least six more people on Wednesday, state media and opposition activists said.

NEW LEADERSHIP

The meeting next week in Qatar’s capital Doha represents a chance to forge a new leadership, Clinton said, adding the United States had helped to “smuggle out” representatives of internal Syrian opposition groups to a meeting in New York last month to argue their case for inclusion.

“We have recommended names and organizations that we believe should be included in any leadership structure,” she told a news conference.

“We’ve made it clear that the SNC can no longer be viewed as the visible leader of the opposition. They can be part of a larger opposition, but that opposition must include people from inside Syria and others who have a legitimate voice which must be heard.”

The United States and its allies have struggled for months to craft a credible opposition coalition.

U.S. President Barack Obama’s administration has said it is not providing arms to internal opponents of Assad and is limiting its aid to non-lethal humanitarian assistance.

It concedes, however, that some of its allies are providing lethal assistance – a fact that Assad’s chief backer Russia says shows western powers are intent on determining Syria’s future.

Russia and China have blocked three U.N. Security Council resolutions aimed at increasing pressure on the Assad government, leading the United States and its allies to say they could move beyond U.N. structures for their next steps.

Clinton said she regretted but was not surprised by the failure of the latest attempted ceasefire, called by international mediator Lakhdar Brahimi last Friday. Each side blamed the other for breaking the truce.

“The Assad regime did not suspend its use of advanced weaponry against the Syrian people for even one day,” she said.

“While we urge Special Envoy Brahimi to do whatever he can in Moscow and Beijing to convince them to change course and support a stronger U.N. action we cannot and will not wait for that.”

Clinton said the United States would continue to work with partners to increase sanctions on the Assad government and provide humanitarian assistance to those hit by the conflict.

(Additional reporting by Ayla Jean Yackley; editing by Andrew Roche)

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Millions in Northeast struggle after massive storm

NEW YORK (Reuters) - The northeastern United States battled epic flood waters and lengthy power outages on Tuesday after the massive storm Sandy pummeled the coast with a record storm surge, high winds and heavy rains that killed at least 45 people and caused billion of dollars in losses.

Millions of people in New York City and other hard-hit areas will spend days or weeks recovering from a storm already seen as far more destructive that Hurricane Irene, which slammed into the same region a year ago. One disaster modeling company said Sandy may have caused up to $15 billion in insured losses.

The storm killed 18 people in New York City, among 23 total in New York state, while six died in New Jersey. Seven other states reported fatalities.

Some 8.2 million homes and businesses in several states were without electricity as trees toppled by Sandy's fierce winds took down power lines.

Sandy hit the coast with a week to go to the November 6 presidential election and turned its fury inland with heavy snowfall, dampening an unprecedented drive to encourage early voting and raising questions whether some polling stations will be ready to open on Election Day.

New York City will struggle without its subway system, which was inundated and will remain shut for days. Much of the Wall Street district was left underwater but officials hoped to have financial markets reopen on Wednesday.

Sandy was the biggest storm to hit the country in generations when it crashed ashore with hurricane-force winds on Monday near the New Jersey gambling resort of Atlantic City, devastating the Jersey Shore tourist haven. Flood waters lifted parked cars and deposited them on an otherwise deserted highway.

With the political campaign and partisanship on hold, Democratic President Barack Obama and Republican New Jersey Governor Chris Christie planned to tour New Jersey disaster areas on Wednesday.

"It's total devastation down there. There are boats in the street five blocks from the ocean," said Peter Sandomeno, an owner of the Broadway Court Motel in Point Pleasant Beach, New Jersey.

Christie, who has been a strong supporter of Republican presidential challenger Mitt Romney, praised Obama and the federal response to the storm.

Obama and Romney put campaigning on hold for a second day but Romney planned to hit the trail again in Florida on Wednesday and Obama seemed likely to resume campaigning on Thursday for a final five-day sprint to Election Day.

Obama faces political danger if the government fails to respond well, as was the case with predecessor George W. Bush's botched handling of Hurricane Katrina in 2005. Obama has a chance to show that his administration has learned the lessons of Katrina and that he can lead during a crisis.

NEW YORK UNDER WATER

Sandy brought a record storm surge of almost 14 feet to downtown Manhattan, well above the previous record of 10 feet during Hurricane Donna in 1960, the National Weather Service said.

The storm forced New York City to postpone its traditional Halloween parade, which had been set for Wednesday night in Greenwich Village and threatened to disrupt Sunday's New York City marathon.

The lower half of Manhattan went dark when surging seawater flooded a substation and as power utility Consolidated Edison shut down others pre-emptively. Some 250,000 customers lost power.

Fire ravaged the Breezy Point neighborhood in the borough of Queens, destroying 110 homes and damaging 20 while destroying still more in the nearby neighborhood of Belle Harbor. Remarkably, no fatalities were reported.

"To describe it as looking like pictures we've seen of the end of World War Two is not overstating it," New York Mayor Michael Bloomberg said after touring the area. "The area was completely leveled. Chimneys and foundations were all that was left of many of these homes."

Hospitals closed throughout the region, forcing patients to relocate and doctors to carry premature babies down more than a dozen flights of stairs at one New York City facility.

While some parts of the city went unscathed, neighborhoods along the East and Hudson rivers bordering Manhattan were underwater and expected to be without power for days, as were low-lying streets in Battery Park near Ground Zero, where the World Trade Center stood before the September 11, 2001, attacks.

"I'm lucky to have gas; I can make hot water. But there is no heating and I'm all cold inside," said Thea Lucas, 87, who lives alone in Manhattan's Lower East Side.

DESTRUCTION THROUGHOUT REGION

Airlines canceled more than 18,000 flights, though two of the New York City area's three major airports planned to reopen with limited service on Wednesday.

Cellphone service went silent in many states and some emergency call centers were affected.

Some cities like Washington, Philadelphia and Boston were mostly spared but he storm reached as far inland as Ohio and parts of West Virginia were buried under 3 feet (1 meter) of snow, a boon for ski resorts that was one of the storm's few bright spots.

The western extreme of Sandy's wind field buffeted the Great Lakes region, according to Andrew Krein of the National Weather Service, generating wind gusts of up to 60 mph on the southern end of Lake Michigan and up to 35 mph Chicago.

In Cleveland, buildings in the city's downtown area were evacuated due to flooding, police said. Winds gusting to 50 mph brought down wires and knocked out power to homes and business. City officials asked residents to stay inside and for downtown businesses to remained closed for the day.

Amid the devastation there was opportunity. Snowmakers at Snowshoe Mountain in the mountains of West Virginia had their equipment running at full speed on Tuesday, taking advantage of the cold temperatures to build the 24-30 inch base they need to open for skiing by Thanksgiving.

"There are snowmakers out there making snow in what was a hurricane and blizzard," said Dave Dekema, marketing director for the resort, which received a foot-and-a-half of snow, with another foot or two expected.

The resort's phones, email account and Facebook pages were "going crazy," Dekema said, with avid skiers and snowboarders wondering if there was any chance of getting out on the mountain this weekend. He said that was unlikely.

(Additional reporting by Scott Malone in Boston; Ilaina Jonas, Daniel Bases, Lucas Jackson, Edward Krudy and Scott DiSavino in New York; Ian Simpson in West Virginia; Diane Bartz and Andrea Shalal-Esa in Washington; Brendan O'Brien in Milwaukee; Susan Guyett in Indianapolis; Kim Palmer in Cleveland and James B. Kelleher in Chicago. Writing by Daniel Trotta and Ros Krasny; Editing by Bill Trott)

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‘Homeland’ hits series high, Showtime sets record

LOS ANGELES, Oct 30 (TheWrap.com) – Showtime‘s “Homeland” hit a series high with its Sunday episode — and it helped to deliver a first-time honor for the network, Showtime said Tuesday.

With “Dexter,” in its seventh season, inching up 5 percent from last week to score 2.28 million total viewers, Sunday marked the first time that Showtime has aired two back-to-back episodes of original series that have drawn more than 2 million viewers each in a single night.

“Homeland” drew 2.07 million viewers with its 10 p.m. airing Sunday, jumping 19 percent from the previous week and delivering the highest viewership to date for the series, which cleaned up at the Emmy Awards earlier this year.

Between its 10 p.m. airing and an encore showing, “Homeland” brought in a total of 2.29 million viewers, making for the highest-rated night of the series, now in its second season.

Meanwhile, “Dexter” delivered its highest viewership since the seventh-season premiere with its 9 p.m. airing. Along with an encore airing, it drew a total of 2.81 million viewers.

(Editing By Zorianna Kit)

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Top medical innovations address headache, diabetes, cancer

(Reuters) – The best medical innovations for next year include an almond-size device that’s implanted in the mouth to relieve severe headaches and a hand-held scanner resembling a blow dryer that detects skin cancer, the Cleveland Clinic said on Wednesday.

The clinic’s annual list of the best medical innovations for 2013 also includes new drugs to treat advanced prostate cancer and better mammography technology.

But leading the 2013 list for innovations is an old procedure that has a new use due to findings in a recent study. Physicians and researchers at the clinic voted weight-loss surgery as the top medical innovation, not for its effectiveness in reducing obesity, but for its ability to control Type 2 diabetes, the most common form of the disease.

Over the years, bariatric surgeons noticed that the procedure would often rid obese patients of Type 2 diabetes, before they even left the hospital.

A study, led by Cleveland Clinic head of Bariatric and Metabolic Institute Dr. Philip Schauer, examining this phenomenon was published in the prestigious New England Journal of Medicine earlier this year.

“Bariatric surgery has been around for a while. The reason it was chosen as the top innovation is because Medicare has broadened its indication for payment, and Medicaid in many states follows Medicare. A lot of the other (private) insurance companies started covering it, so it’s much more accessible,” Dr. Michael Roizen, the Cleveland Clinic’s Chief Wellness Officer, said in an interview.

The criteria that insurers use to cover the surgery has been broadened because of its effectiveness in controlling Type 2 diabetes, he said.

The number of people affected by diabetes has tripled over the past 30 years to more than 20 million Americans, according to the Centers for Disease Control and Prevention, and more than 90 percent of those cases are Type 2.

Doctors and researchers at the Cleveland Clinic voted for what they thought were the biggest, most significant innovations from the 250 ideas submitted from their colleagues at the clinic. Roizen said one of the main contributing factors to getting on the list is the number of people that the product or procedure can potentially help.

For that reason, a device that helps relieve headaches, the second most common ailment after the cold, was second on the clinic’s list.

The miniaturized device — invented at the Cleveland Clinic and spun off into a separate, private company called Autonomic Technologies Inc — is implanted in the upper gum above the second molar to treat cluster headaches and migraine headaches. A lead tip of the implant is placed near specific nerves behind the bridge of the nose.

When the patient feels the headache coming on, a remote control device is placed on the outside of the cheek and the device delivers stimulation to those nerves, blocking headache pain.

The implant is available in Europe, but not in the United States. The company needs to do more studies to get FDA approval, said Dr. Frank Papay, Department Chair of Dermatology and Plastic Surgery Institute at the Cleveland Clinic, and consultant to Autonomic Technologies.

A hand-held device used to detect melanoma, the most deadly form of skin cancer, was also on the list.

“Up until now, we’ve counted on our eyes,” Dr. Allison Vidimos, Department Chair of Dermatology at the Cleveland Clinic, told Reuters. “This device offers an objective look underneath the skin using a special spectrum of light.”

It compares moles and other things it finds on the patient’s skin with a large database containing information on all types of melanoma. It also rates the risk.

“All dermatologists fear missing melanomas. The cure rate can be close to 100 percent if caught early,” she said.

Vidimos said using the device, approved by FDA last year for use by trained dermatologists, helps prevent unnecessary biopsies.

Mela Sciences Inc make the scanning device.

Also on the list is a new type of mammography, called breast tomosynthesis. This technology provides greater detail of the image than the standard mammography, which renders a 2-dimensional image.

For the patient, it may seem like there’s no difference. “You still have the squish,” said Dr. Alice Rim, Section Head of Diagnostic Radiology. But the images produced by the new technology show the breast in slices, so far more detail can be seen.

“With 2-demensional mammography, there are shadows, so it can be like a polar bear running around in a snow storm. This eliminates the shadows, allowing increased detection and fewer call backs (for a second mammography),” Rim said.

Other devices that made the list include mass spectrometry for bacterial infections, which allow microbiology laboratories to identify the type of bacteria sooner and with more specificity, a new modular stent graft to treat complex aortic aneurysm and a laser used for cataract surgery.

Novel drugs to treat advanced prostate cancer were on the clinic’s list because of their ability to halt the progress of the disease by blocking testosterone receptors.

A new technique to repair and regenerate damaged lungs, called ex vivo lung perfusion, is on the list. Experts say as many as 40 percent of previously rejected donor lungs may now be suitable for transplantation after undergoing this novel “lung washing”.

The procedure involves placing donor lungs into a bubble-like chamber connected to a cardiopulmonary pump and ventilator. Over four to six hours, the lungs are repaired as special fluids are forced through the blood vessels. Nutrients are used to recondition the lungs as they inflate and deflate.

The final item on the list is neither a procedure, a drug nor a device, but healthcare programs that use incentives to encourage people to take better care of themselves.

The Medicare Better Health Rewards Program Act of 2012 provides incentive payments to Medicare participants who voluntarily establish and maintain better health.

“We are seeing efforts to avoid rationing of healthcare and seeing programs with incentives built in if people maintain their health. This can radically change the cost of care,” said Roizen. “We’re seeing this more in big companies, the GE’s and J&J’s of the world. All companies are looking at how much they are spending on healthcare and they are looking at ways they can reduce spending without rationing.”

(Reporting By Debra Sherman; Editing by David Gregorio)

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Apple's iPad mini packs full-sized punch but screen inferior: reviews

SAN FRANCISCO (Reuters) - Apple Inc's entry in the accelerating mobile tablet race squeezes about 35 percent more viewing space onto a lighter package than rival devices from Google or Amazon.com Inc, but it sports inferior resolution and a lofty price tag, two influential reviewers wrote on Tuesday.

The iPad mini, which starts at $329 versus the $199 for Google's Nexus 7 and Amazon's Kindle Fire HD, is easy to hold with one hand, eliminating a drawback of the 10-inch iPad, Wall Street Journal columnist Walt Mossberg wrote in one of the first major reviews of a gadget introduced last week.

Both Mossberg and New York Times columnist David Pogue offered kudos for cramming most of its full-sized cousin's functions onto a smaller device, as advertised.

But the iPad mini's 1024 x 768 resolution was a big step backwards from the iPad's much-touted Retina display, and underperformed the rival Kindle and Nexus, the two reviewers agreed.

Mossberg said Apple chose to go with a lower-quality display because the existing 250,000-plus iPad applications could only run unmodified in two resolutions - and the higher level would have sapped too much power.

"The lack of true HD gives the Nexus and Fire HD an advantage for video fans. In my tests, video looked just fine, but not as good as on the regular iPad," Mossberg wrote.

The original iPad was launched in 2010 and went on to upend the personal computer industry, spawning a raft of similar devices. The iPad mini marks Apple's first foray into a smaller 7-inch segment that Amazon's Kindle Fire now dominates, demonstrating demand exists for such a device.

Apple, making its boldest consumer hardware move since Tim Cook took the helm from late co-founder Steve Jobs, hopes the smaller tablet can beat back incursions onto its home turf of consumer electronics.

"In shrinking the iconic iPad, Apple has pulled off an impressive feat," Mossberg wrote. "It has managed to create a tablet that's notably thinner and lighter than the leading small competitors with 7-inch screens, while squeezing in a significantly roomier 7.9-inch display.

"And it has shunned the plastic construction used in its smaller rivals to retain the iPad's sturdier aluminum and glass body."

Mossberg, whose reviews are followed closely by consumers and tech companies alike, wrote that the iPad mini did as advertised by bringing the full-sized iPad experience onto a smaller screen.

He noted, however, that the device was too large to fit easily into pockets. It exhibited battery life of about 10 hours and 27 minutes, an hour more than the Kindle Fire at the same settings, but about 17 minutes less than the Nexus 7.

"By pricing the Mini so high, Apple allows the $200 class of seven-inch Android tablets and readers to live," Pogue wrote.

"But the iPad Mini is a far classier, more attractive, thinner machine. It has two cameras instead of one. Its fit and finish are far more refined. And above all, it offers that colossal app catalog, which Android tablet owners can only dream about."

(Reporting By Edwin Chan; Editing by Ken Wills)

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