Tuesday, January 31, 2012

Pew: More Than Half Of Adults Used Cell Phones In Stores For Purchasing Decisions During The Holidays

mobielThe Pew Research Center?s Internet & American Life Project is releasing a new study today that provides further evidence of the growing trend of consumers using mobile phones in stores for purchasing decisions. Pew says that more than half of adult cell phone owners used their cell phones while they were in a store to seek help with purchasing decisions this past holiday shopping season. According to the report, 38% of cell owners used their phone to call a friend while they were in a store for advice about a purchase they were considering making And 24% of cell owners used their phone to look up reviews of a product online while they were in a store, with 25% of adult cell owners using their phones to look up the price of a product o

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Siq14SMWziE/

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Monday, January 30, 2012

Syrian authorities agree to Moscow talks - Russia (Reuters)

MOSCOW (Reuters) ? Syria has agreed to take part in Moscow-mediated talks on solving the country's crisis, the Russian Foreign Ministry said on Monday, calling on the Syrian opposition to join the planned negotiations.

However, a senior member of the Syrian opposition council said that no invitation had been received from Moscow and that it would be refused anyway.

Moscow, a permanent U.N. Security Council member with veto powers, has offered to host the talks in an effort to end the bloodshed since protests began 10 months ago against President Bashar al-Assad.

"We have received a positive response from the Syrian authorities to our call (to hold talks in Moscow)," the Foreign Ministry said in a statement on its website.

"We hope ... that the Syrian opposition will agree to that in the next few days, putting the interests of the Syrian people above all other concerns."

Moscow's offer of talks may be an attempt to strengthen its arguments against a Western draft resolution at the Security Council supporting an Arab League call for Assad to cede power.

Russia has said that Assad's resignation must not be a precondition for the Syrian peace process. It has remained one of Assad's few allies and has supplied him with arms and ammunition during the protests.

Moscow has repeatedly said Assad's opponents share the blame for the bloodshed. It fears a Western resolution could be interpreted broadly enough to lead to a Libyan-style military intervention, which Russia says it will not allow.

Russia's Deputy Foreign Minister Gennady Gatilov reiterated Moscow would not support the Western resolution, which he said appeared quite similar to the French-inspired Security Council peace initiative condemning Damascus and hinting that Syrian authorities could face U.N. sanctions, which Moscow and Beijing vetoed last year.

"The current Western draft (resolution) is only a step away from the October version, and can by no means be supported by us," he told Interfax news agency. "This document is not balanced ... and above all leaves the door open for intervention in Syrian (internal) affairs."

Russia submitted its own draft resolution in December, but Western diplomats said they could not accept Russian wording assigning blame to the government and the opposition for the violence, which the United Nations says has killed more than 5,000 people.

(Reporting by Alexei Anishchuk, Editing by Timothy Heritage and Alison Williams)

Source: http://us.rd.yahoo.com/dailynews/rss/russia/*http%3A//news.yahoo.com/s/nm/20120130/wl_nm/us_russia_syria_talks

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Germans float direct EU control over Greek budget (AP)

BERLIN ? Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official in Berlin said Saturday.

The idea was quickly rejected by the European Union's executive body and the government in Athens, with the EU Commission in Brussels insisting that "executive tasks must remain the full responsibility of the Greek government, which is accountable before its citizens and its institutions."

But the German official said the initiative is being discussed among the 17-nation currency bloc's finance ministers because Greece has repeatedly failed to fulfill its commitments under its current euro110 billion ($145 billion) lifeline.

The proposal foresees a commissioner holding a veto right against any budgetary measures and having broad surveillance ability to ensure that Greece will take proper steps to repay its debt as scheduled, the official said. The person spoke on condition of anonymity because the talks are confidential.

Greece's international creditors ? the International Monetary Fund, the European Union and the European Central Bank ? already have unprecedented powers over Greek spending after negotiating with Athens stringent austerity measures and economic reforms in return for the first bailout.

The so-called troika of creditors is currently negotiating another euro130 billion rescue package for the heavily indebted country. German news magazine Der Spiegel on Saturday cited an unnamed troika official as saying Greece might actually need a euro145 billion package because of its prolonged recession.

The German proposal, first reported by the Financial Times, is likely to spark controversy in Greece.

Despite the quick rejection from the EU Commission, Germany's demand underlines the frustration of the eurozone with Greece's slack implementation of the promised reforms, spending cuts and privatizations. During every verification mission last year, the troika found huge implementation shortfalls, which in turn increased gaps in Athens' budget and intensified the need for a second bailout.

A powerful budget commissioner would further diminish the political leeway of Greece's government, just as politicians there are gearing up for an election set to take place this spring.

A government official in Athens said a similar proposal had been floated last year but got nowhere. Greece would not accept such a measure, he added. The official spoke on condition of anonymity because no formal proposal has been made by the EU or Germany yet.

The unprecedented and sweeping powers for creditors would indeed deal a huge blow to Greece's sovereignty, but they could help mobilize more support for the government in Athens from its European partners.

Several German lawmakers have repeatedly said that giving more money to Greece is unthinkable without stricter enforcement and control of the conditions attached to the rescue packages.

Greece is currently locked in a twin effort, seeking to secure a crucial debt relief deal with private investors while also tackling the pressing demands from its European partners and the IMF for more austerity measures and deeper reforms.

Failure on either front would force the country to default on its debt in less than two months, pouring new fuel on the fires of Europe's debt crisis.

In that case, Greece would likely leave the eurozone, which would bring disaster to the country, destabilize the currency bloc, fuel panic on financial markets and ultimately threaten the fragile world economy.

Despite two weeks of intensive talks, a debt relief agreement with private investors worth some euro100 billion has yet to be reached.

Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos met anew with representatives of international banks and other private institutions Saturday, but the talks ended without a final deal and were expected to resume Sunday, officials in Athens said.

With the current troika mission still ongoing and no final deal with the private sector creditors, Greece is unlikely to feature prominently at a summit of the EU's 27 leaders Monday, according to officials in Brussels.

___

Demetris Nellas in Athens and Gabriele Steinhauser in Brussels contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_bi_ge/eu_europe_financial_crisis

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Sunday, January 29, 2012

Scorsese, Hazanavicius lead Directors Guild rolls (AP)

LOS ANGELES ? Directors Guild of America Awards regular Martin Scorsese and first-timer Michel Hazanavicius are the favorites as Hollywood's top filmmaker group prepares to hand out prizes.

Past winner Scorsese is nominated again for the guild's feature-film honor for his Paris adventure "Hugo," while Hazanavicius scored his first nomination for his silent-movie "The Artist."

Also in the running are Woody Allen for his romantic fantasy "Midnight in Paris"; David Fincher for his thriller "The Girl with the Dragon Tattoo"; and Alexander Payne for his family drama "The Descendants."

The Directors Guild Awards are one of Hollywood's most accurate forecasts for who will win at the industry's top honors, the Academy Awards, which will be handed out Feb. 26. Only six times in the 63-year history of the guild awards has the winner failed to take home the Oscar for best director, and more often than not, the film winning the best director Oscar is voted best picture.

Fincher had been the favorite going into the Directors Guild ceremony last year for "The Social Network," but Tom Hooper came away the winner for "The King's Speech." Hooper went on to win the Oscar, too, and his film also earned best picture.

This time, Fincher's the odd man out at the Directors Guild show. The other four guild nominees made the best-director cut at Tuesday's Oscar nominations, but Fincher missed out. The fifth Oscar slot went to Terrence Malick for the family chronicle "The Tree of Life."

French filmmaker Hazanavicius, whose credits include the spy spoofs "OSS 117: Cairo, Nest of Spies" and "OSS 117: Lost in Rio," had been a virtual unknown in Hollywood until "The Artist," his black-and-white throwback to early cinema that has been a favorite at earlier film honors.

"The Artist" won the Golden Globe for best musical or comedy and is considered a best-picture front-runner for the Oscars.

But Scorsese won the Globes' singular directing prize over Hazanavicius.

Unlike Hazanavicius, the other nominees all have competed for Directors Guild honors before. Scorsese earned his ninth and 10th guild nominations this season; besides feature-film, he's nominated for documentary directing for "George Harrison: Living in the Material World."

Scorsese is a past feature-film winner for 2006's "The Departed," as well as a TV drama winner a year ago for an episode of "Boardwalk Empire." The family film "Hugo" was a departure for Scorsese, known for dark crime tales, and the movie also was his first shot in 3-D.

Allen has been nominated five times and won for 1977's "Annie Hall." He had not been nominated since his 1989 "Crimes and Misdemeanors" but has been on a critical and commercial resurgence for "Midnight in Paris," his biggest hit in decades.

This was the third nomination for Fincher. Payne was nominated one time previously, for 2004's "Sideways."

Kelsey Grammer is the host for the guild ceremony, which is not televised. Awards presenters include Oscar nominees George Clooney ("The Descendants"), Michelle Williams ("My Week with Marilyn"), Gary Oldman ("Tinker Tailor Soldier Spy"), Jean Dujardin and Berenice Bejo ("The Artist"), and Octavia Spencer and Jessica Chastain ("The Help").

___

Online:

http://www.dga.org

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/ap/20120128/ap_en_mo/us_directors_awards

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Biden Prediction: Dems Will Retake House (Michellemalkin)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

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Saturday, January 28, 2012

WrestleMania XXVIII Axxess tickets now available

The ultimate interactive WWE fan experience ? WrestleMania Axxess ? is coming to Miami from March 29 - April 1 at the Miami Beach Convention Center (Hall D). This is one event WWE fans of all ages will want to be part of! (WATCH)

TICKETS
Available now at:
?- Ticketmaster
?- Ticketmaster.com
?- Charge by phone: 800-745-3000

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?- Live matches
?- Superstar Q&A's
?- Superstar signings
?- Photo stations
?- WWE Shop
?- Undertaker's Graveyard
?- WWE Championship Titles
?- Memorabilia Display
????? And much more! ?

LIMITED VIP TICKETS - $95*

VIP TICKETS INCLUDE:
?- Autograph from designated Superstar at VIP Autograph Stage
?- Entrance to VIP standing area next to ring at WrestleMania Axxess
?- 8x10 Superstar Photo
?- VIP wristband required for meet & greet (wristband will be provided once tickets are scanned on site)

VIP MEET & GREET WITH AUTOGRAPH SIGNING AND MORE!
Thursday, March 29 - Meet WWE Superstar CM Punk - SOLD OUT
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Friday, March 30 - Meet WWE Superstar John Cena - SOLD OUT
Saturday, March 31 - Meet WWE Superstar Randy Orton - SOLD OUT
Saturday, March 31 - Meet 2011 WWE Hall of Famer Shawn Michaels - SOLD OUT
Saturday, March 31 - Meet WWE Superstar Chris Jericho - SOLD OUT
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Sunday, April 1 - Meet WWE Superstar Sheamus
Sunday, April 1 - Meet WWE Superstar?Big Show
Sunday, April 1 - Meet WWE Superstar Rey Mysterio

GENERAL ADMISSION TICKETS - $40*

SESSION SCHEDULE & TIMES
Thursday, March 29
6:00 p.m. - 10:00 p.m.

Friday, March 30
6:00 p.m. - 10:00 p.m.

Saturday, March 31
? Session 1: 8:00 a.m. - 12:00 p.m.
? Session 2: 1:00 p.m. - 5:00 p.m.
? Session 3: 6:00 p.m. - 10:00 p.m.

Sunday, April 1
? Session 1: 8:00 a.m. - 12:00 p.m.
? Session 2: 12:30 p.m. - 4:30 p.m.

Children 3 years and under - FREE

*Prices are PER SESSION and do not include applicable fees or sales tax.

WrestleMania XXVII Axxess photos
Day 1 | Day 2 | Day 3 | Day 4

Source: http://www.wwe.com/shows/wrestlemania/28/axxess-tickets

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Video: Economic Worries Linger

Stocks sold off on news of a light GDP on Friday. Are there recession risks ahead? Don Luskin, Trend Macro; Jim Lacamp, MacroPortfolio Advisors; and Lee Munson, Portfolio, discuss.

Related Links:

Business & financial news headlines from msnbc.com

Top of page

Source: http://video.msnbc.msn.com/cnbc/46170494/

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Friday, January 27, 2012

Romney is the aggressor in final Florida debate

Republican presidential candidates, former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney talk during a commercial break at the Republican presidential candidates debate in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)

Republican presidential candidates, former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney talk during a commercial break at the Republican presidential candidates debate in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)

CORRECTS LOCATION TO THE UNIVERSITY OF NORTH FLORIDA, INSTEAD OF UNIVERSITY OF SOUTH FLORIDA - Republican presidential candidates former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney participate in the Republican presidential candidates debate at the University of North Florida in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)

Republican presidential candidates, former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney participate in the Republican presidential candidates debate in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)

CORRECTS LOCATION TO THE UNIVERSITY OF NORTH FLORIDA, INSTEAD OF UNIVERSITY OF SOUTH FLORIDA - Republican presidential candidates, from left, former Pennsylvania Sen. Rick Santorum, former House Speaker Newt Gingrich, former Massachusetts Gov. Mitt Romney and Rep. Ron Paul, R-Texas, stand during the National Anthem at the Republican presidential candidates debate at the University of North Florida in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Paul Sancya)

Republican presidential candidates former Massachusetts Gov. Mitt Romney participates in the Republican presidential candidates debate in Jacksonville, Fla., Thursday, Jan. 26, 2012. (AP Photo/Matt Rourke)

JACKSONVILLE, Fla. (AP) ? An aggressive Mitt Romney repeatedly challenged Republican rival Newt Gingrich Thursday night in the final debate before next week's critical Florida primary, demanding an apology for an ad saying he harbors anti-immigrant sentiments and ridiculing the former House speaker's call to colonize the moon.

"If I had a business executive come to me and say I want to spend a few hundred billion dollars to put a colony on the moon, I'd say, 'You're fired,'" Romney declared. That was just one particularly animated clash between two rivals struggling for supremacy in the race to pick an opponent to President Barack Obama in the fall.

Gingrich responded heatedly. "You don't just have to be cheap everywhere. You can actually have priorities to get things done." He said that as speaker of the House he had helped balance the budget while doubling spending on the National Institutes of Health.

The debate was the 19th since the race for the Republican nomination began last year, and the second in four days in the run-up to Tuesday's Florida primary. Opinion polls make the race a close one ? slight advantage Romney ? with two other contenders, former Sen. Rick Santorum of Pennsylvania and Texas Rep. Ron Paul far behind.

Gingrich's upset victory in the South Carolina primary last week upended the race for the nomination, and Romney in particular can ill-afford a defeat on Tuesday.

While the clashes between Gingrich and Romney dominated the debate, Santorum drew applause from the audience when he called on the two front-runners to stop attacking one another and "focus on the issues."

"Can we set aside that Newt was a member of Congress ... and that Mitt Romney is a wealthy guy?" he said in a tone of exasperation.

There were some moments of levity, including when Paul, 76, was asked whether he would be willing to release his medical records. He said he was, then challenged the other three men on the debate stage to a 25-mile bike race.

He got no takers.

In the days since Romney's loss in South Carolina, he has tried to seize the initiative, playing the aggressor in the Tampa debate and assailing Gingrich in campaign speeches and a TV commercial.

An outside group formed to support Romney has spent more than his own campaign's millions on ads, some of them designed to stop Gingrich's campaign momentum before it is too late to deny him the nomination.

With polls suggesting his South Carolina surge is stalling, Gingrich unleashed a particularly strong attack earlier in the day, much as he lashed out in Iowa when he rose in the polls, only to be knocked back by an onslaught of ads he was unable to counter effectively.

Thursday night's first clash occurred moments after the debate opened, when Gingrich responded to a question by saying Romney was the most anti-immigrant of all four contenders on stage. "That's simply inexcusable," the former Massachusetts governor responded.

"Mr. Speaker, I'm not anti-immigrant. My father was born in Mexico. My wife's father was born in Wales. ... The idea that I'm anti-immigrant is repulsive. Don't use a term like that," he added.

At the same time, Romney noted that Gingrich's campaign had been pressured to stop running a radio ad that called Romney anti-immigrant after Florida Sen. Marco Rubio called on Gingrich to do so.

He called on Gingrich to apologize for the commercial, but got no commitment.

About an hour later, Romney pounced when the topic turned to Gingrich's proposal for an permanent American colony on the moon ? an issue of particular interest to engineers and others who live on Florida's famed Space Coast.

A career businessman before he became a politician, Romney said: "If I had a business executive come to me and say I want to spend a few hundred billion dollars to put a colony on the moon, I'd say, 'You're fired.'"

The audience erupted in cheers, but Romney wasn't finished.

He said the former speaker had called for construction of a new Interstate highway in South Carolina, a new VA hospital in northern New Hampshire and widening the port of Jacksonville to accommodate the larger ships that will soon be able to transit the Panama Canal.

"This idea of going state to state and promising people what they want to hear, promising hundreds of billions of dollars to make people happy, that's what got us into trouble in the first place," Romney said.

Gingrich responded that part of campaigning is becoming familiar with local issues, adding, "The port of Jacksonville is going to have to be expanded. I think that's an important thing for a president to know." He went on to refer to completion of an Everglades project that he did not describe, then noted he had worked to expand NIH while he was speaker.

Gingrich raised questions about Romney's wealth and his investments. "I don't know of any American president who's had a Swiss bank account," Gingrich said. Romney replied that his investments were in a blind trust over which he had no control. "There's nothing wrong with that," declared Romney, who has estimated his wealth at as much as $250 million.

Earlier Thursday, it was disclosed that Romney and his wife, Ann Romney, failed to list an unknown amount of investment income from a variety of sources including a Swiss bank account on financial disclosure forms filed last year. His campaign said it was working to correct the omissions.

Gingrich also failed to report income from his 2010 tax return on his financial disclosure. The former Georgia congressman will amend his disclosure to show $252,500 in salary from one of his businesses, spokesman R.C. Hammond said.

Debating in a state with a large and influential Jewish population, Romney and Gingrich vied to stress their support for Israel rather than criticize one another.

And all four men were quick to name prominent officials of Hispanic descent who deserved consideration for the Cabinet. Gingrich trumped the other three, saying, "I've actually thought of Marco Rubio in a slightly more dignified and central role," an evident reference to the vice presidential spot on the ticket.

Immigration was a recurring theme.

Gingrich said Romney was misleading when he ran an ad accusing the former House speaker of once referring to Spanish as "the language of the ghetto." Gingrich claimed he was referring to a multitude of languages, not just Spanish.

Romney initially said, "I doubt it's mine," but moderator Wolf Blitzer read it aloud and pointed out that Romney, at the ad's conclusion, says he approved the message.

As for immigration policy, it was difficult to discern their differences.

Both men said they want to clamp down in illegal immigration, create programs to make sure jobs go only to legal immigrants and deport some of the 11 million men and women in the country unlawfully.

Gingrich has never said how many illegal residents he believes should be deported, preferring to say that the United States is not going to begin rounding up grandmothers and grandfathers who have lived in the United States for years.

Romney agreed that was the case ? and Gingrich said that marked a switch in position.

"Our problem is not 11 million grandmothers," Romney said. "Our problem is 11 million people getting jobs that many Americans, legal immigrants would like to have."

Romney and Gingrich also exchanged jabs over investments in Fannie Mae and Freddie Mac, two mortgage giants that played a role in the national foreclosure crisis that has hit Florida particularly hard.

Gingrich said Romney was making money from investments in funds that were "foreclosing on Floridians."

Romney quickly noted that Gingrich, too, was invested in mutual funds with Fannie Mae and Freddie Mac. He then added that the former House speaker "was a spokesman" for the two. That was a reference to a contract that one of Gingrich's businesses had for consulting services. The firm was paid $300,000 in 2006.

___

Associated Press writers Brian Bakst, Kasie Hunt and Steve Peoples contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-27-Republicans-Debate/id-70281920ce31437f9f99f1eef9bc0481

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Thursday, January 26, 2012

GTA III for Android hits 1.3, brings Liberty City to the Transformer Prime

Select iOS and Android devices have had the ability to terrorize Liberty City while on-the-go since December, but sadly those with Transformer Primes thus far have been left out of all that fun. Luckily, an update to the game ends that double standard, enabling Rockstar's classic to run on ASUS' tablet and Medion Lifetabs everywhere. It doesn't just bring expanded hardware support to the table though, as amongst other "technical fixes," the release also heralds new video display settings and the capability of installing the game on a SD card. And fans of tactility, know that controls on the Xperia Play have been reworked, and it now boasts full support for GameStop's wireless controller. Still here? You shouldn't be -- grab the update in the source link below.

GTA III for Android hits 1.3, brings Liberty City to the Transformer Prime originally appeared on Engadget on Thu, 26 Jan 2012 12:56:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/26/gta-iii-for-android-hits-1-3-brings-liberty-city-to-the-transfo/

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The Hunt for the Perfect Reading Chair [Daily Desired]

I need to sit up when I read. A bed or a couch makes me promptly fall asleep. A straight-backed chair proves uncomfortable for extended reading sessions. Thus I've been on a never-ending quest for the perfect reading chair. When I first laid eyes on Claesson Koivisto Rune's Isola chair, I immediately thought it might be The One. More »


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Wednesday, January 25, 2012

Giffords bids farewell but promises to return

U.S. Rep Gabrielle Giffords, left, tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with Community Food Bank CEO Bill Carnegie Monday, Jan. 23, 2012, in Tucson, Ariz. The tour is her last act as a congresswoman in Tucson before her resignation this week. (AP Photo/Matt York, Pool)

U.S. Rep Gabrielle Giffords, left, tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with Community Food Bank CEO Bill Carnegie Monday, Jan. 23, 2012, in Tucson, Ariz. The tour is her last act as a congresswoman in Tucson before her resignation this week. (AP Photo/Matt York, Pool)

U.S. Rep Gabrielle Giffords, D-Ariz., tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with her staffer Ron Barber, Monday, Jan. 23, 2012, in Tucson, Ariz. The tour is her last act as a congresswoman in Tucson before her resignation this week. (AP Photo/Matt York, Pool)

U.S. Rep Gabrielle Giffords, D-Ariz., center, tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with Community Food Bank CEO Bill Carnegie and food bank board member Fran McNeely, Monday, Jan. 23, 2012, in Tucson, Ariz. The tour is Giffords' last act as a congresswoman in Tucson before her resignation this week. (AP Photo/Matt York, Pool)

U.S. Rep Gabrielle Giffords, D-Ariz., center, tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with Community Food Bank CEO Bill Carnegie, left, and Food Bank board member Fran McNeely Monday, Jan. 23, 2012, in Tucson, Ariz. Giffords announced Sunday that she would resign from Congress this week to focus on her recovery. (AP Photo/Matt York, Pool)

U.S. Rep Gabrielle Giffords, D-Ariz., left, greets board members as she tours the Gabrielle Giffords Family Assistance Center, one of her favorite charities, with Community Food Back CEO Bill Carnegie, second left, Monday, Jan. 23, 2012, in Tucson, Ariz. The tour is her last act as a congresswoman in Tucson before her resignation this week. (AP Photo/Matt York, Pool)

(AP) ? Outgoing Congresswoman Gabrielle Giffords spent her last hours as Tucson's U.S. representative finishing the meeting she started on the morning she was shot and bidding farewell to constituents who have supported her through her recovery.

But it may not be the end. The woman whose improbable recovery has captivated the nation promised, "I will return."

Giffords spent time Monday at her office with other survivors of the shooting rampage that killed six people and injured 13. She hugged and talked with survivors, including Suzi Hileman, who was shot three times while trying to save her young friend and neighbor, 9-year-old Christina-Taylor Green. The little girl died from a gunshot wound to the chest.

"The last time I did this I had Christina's hand," Hileman said. "It was something that was hanging out there, and now it's not."

Others who met with Giffords included Pat Maisch, who was hailed as a hero for wrestling a gun magazine from the shooter that day, and Daniel Hernandez, Giffords' intern at the time who helped save her life by trying to stop her bleeding until an ambulance arrived.

"It was very touching," said Maisch, who was not hurt in the attack. "I thanked her for her service, wished her well, and she just looked beautiful."

Giffords announced Sunday that she would resign from Congress this week to focus on her recovery. Maisch was sad to think that Giffords would no longer be her congresswoman.

"But I want her to do what's best for her," she said. "She's got to take care of herself."

However, an upbeat Giffords hinted that her departure from public life might be temporary. In a message sent on Twitter, she said: "I will return & we will work together for Arizona & this great country."

In her last act in Tucson as a congresswoman, the Democrat visited one of her favorite charities, the Community Food Bank of Southern Arizona.

The food bank established the Gabrielle Giffords Family Assistance Center with $215,000 it received in the wake of the shooting. Giffords' husband and former astronaut Mark Kelly told people who wanted to help Giffords after the shooting that the best way to do so was to donate to one of her favorite charities.

The center has helped 900 families get on food stamps in the last year and offered guidance to needy families seeking assistance with housing, insurance, clothing and other basic needs.

"It's a wonderful thing that she gets to come here and see the center we built," said Bill Carnegie, the food bank's CEO. "But it's also her exit from Congress. I'm concerned about the future."

Giffords' aides had to yell at TV cameramen and reporters who surrounded the congresswoman as she arrived, telling them to back up. Giffords didn't bat an eye and walked with confidence through the crowd and into the building, where she promptly hugged Carnegie and others.

When she saw the center that is named in her honor, she said "Wow" and "Awesome."

When one woman told Giffords, "I love your new hairstyle," she beamed and responded with "Thank you."

Giffords did not address reporters at the center and planned to head to the airport right after her visit. She was expected in Washington on Tuesday for President Barack Obama's State of the Union address.

In her announcement Sunday, Giffords said that by stepping down, she was doing what is best for Arizona.

"I don't remember much from that horrible day, but I will never forget the trust you placed in me to be your voice," she said in a video posted online.

The video showed a close-up of Giffords gazing directly at the camera and speaking in a voice that was both firm and halting.

"I have more work to do on my recovery," the congresswoman said at the end of the two-minute message, appearing to strain to communicate.

C.J. Karamargin, who was Giffords' spokesman until recently, said he can only imagine what she is feeling as she steps down.

"But Gabby would never want to do a job unless she could give everything to it," he said.

"The news of her stepping down was almost more emotional than this time last year because then, she had survived and had a positive prognosis. Now we've got this pause, this comma, in her career ... and she won't be back anytime soon."

Giffords was shot in the head at point-blank range as she was meeting with constituents outside a grocery store. Her recovery progressed to the point that she was able to walk into the House chamber last August to cast a vote.

Giffords' resignation set up a free-for-all in a competitive district.

She could have stayed in office for another year even without seeking re-election, but her decision to resign scrambles the political landscape.

Arizona must hold a special primary and general election to find someone to finish out her remaining months in office. That will probably happen in the spring or early summer. Then voters will elect someone in November for a full two-year term.

Giffords would have been heavily favored to win again.

She was elected to her third term just two months before she was shot, winning by only about 1 percent over a tea party Republican. But she gained immense public support during her recovery.

Among those mentioned as potential candidates were several Republican and Democratic state lawmakers and the name of Giffords' husband, Mark Kelly, although he has publicly quashed such speculation.

A state Democratic party official who met with Giffords on Sunday also suggested that she could return to politics.

Jim Woodbrey, a senior vice chairman of the state party, said Giffords strongly implied at a meeting that she would seek office again someday. He said the decision to resign came after much thought.

"It was Gabby's individual decision, and she was not in any condition to make that decision five months ago," he said. "So I think waiting so that she could make an informed decision on her own was the right thing to do."

___

Associated Press writers Bob Christie and Jacques Billeaud in Phoenix and David Espo in Washington contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-24-Giffords/id-08718619803544959b19f613150ce5a4

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Tuesday, January 24, 2012

Romney and Gingrich narrowly avoid Hamgate confrontation! Scenes from the South Carolina primary (The Ticket)

GREENVILLE, S.C. -- As the Great Battle of the Ham between Mitt Romney and Newt Gingrich draws to a close this morning, this reporter declares Gingrich the winner.

As Holly Bailey describes below, America just barely avoided a primary-morning Battle Royale between the presidential contenders today at Tommy's Ham House, a must-stop on the South Carolina campaign trail.? On Friday night, it was discovered that Romney had scheduled a last-minute visit here at the exact time Gingrich ?was ?planning to arrive. Asked about the possible conflict, both campaigns vowed they would not cancel. "We are not changing our schedule," a Romney campaign aide told ABC News Friday night.

The place was packed Saturday morning, and reporters circled the restaurant, aching for a Newt v. Gingrich confrontation.

"It's Aporkalypse Now!" CNN's Jim Costa quipped before asking, "Are they serving Pork and Bains?"

The excitement vanished when Romney pulled up 45 minutes before the showdown was expected to begin.

"Mitt's here," a Gingrich staffer wrote in an email as soon as the bus pulled up. "He blinked."

I caught up with Romney just before he headed out the door. "Did you arrive early to avoid a showdown with Newt?" I asked. He ignored me and left with about 15 minutes to spare before Gingrich showed up.

When Gingrich strolled in, he boasted.

"I have a question!" Gingrich bellowed, standing above the crowd on a cooler. "Where's Mitt? I thought he was going to stay and maybe we would have a little debate here this morning. So I'm kind of confused."

--Chris Moody, 12:15 p.m. ET

Disappointing scores of reporters who had hoped for a tense showdown, Mitt Romney showed up more than an hour early to Tommy's Ham House this morning, avoiding a run-in with Newt Gingrich, who had been scheduled to appear at the restaurant at the same time.

It was a mob scene, as dozens of Romney and Gingrich supporters had staked out spots at tables around the room, leaving dozens and dozens of reporters and other onlookers to squeeze in around them. After coming through the door, Romney stood on a chair and shouted to patrons, asking for their vote. As he moved through the room, he set off a near riot.

There was pushing and shoving, and one woman fainted just a few feet away from the candidate. Seeing no way around the mob, Romney, at one point, climbed over a table?stepping right into the breakfast of Agence France Press reporter Olivier Knox.

Outside, Gingrich supporters waved giant "Newt 2012" signs outside Romney's campaign bus as Romney supporters?many of whom told Yahoo News they had driven up from Virginia to volunteer on Romney's behalf?shouted.

One woman near Romney waved campaign signs for both the ex-governor and Gingrich. "I can't decide!" she said.

Across the street, supporters of Ron Paul had occupied a Hardee's restaurant, eying the circus from afar.

--Holly Bailey, 12:06 p.m. ET

GILBERT, S.C.-- Curtis Loftis, one of South Carolina's biggest tea party stars who became state treasurer in 2010, has received some flak from the movement for endorsing Mitt Romney? many tea partiers consider Romney too moderate to earn their support in 2012. But Loftis explained to Yahoo News that he sincerely believes Romney is the best candidate running for president, given the options.

"The only perfect tea party candidates are Barry Goldwater and Ronald Reagan, and they're both dead," Loftis said. Asked to explain what about Romney isn't "perfect," Loftis said that the former Massachusetts governor isn't as socially conservative as some of his competitors.

"South Carolina is a very conservative state, so it's not hard to be of the left of most of us," said Loftis, a self-described evangelical Christian. "But Mitt Romney is a faithful guy, been married to the same woman for 43 years, a faithful member of his church, a good American."

South Carolina voters will rally around Romney because of his business experience, Loftis said, adding later in our conversation that "second place is last place" in the South Carolina contest.

Watch the video to hear Loftis explain his support for Romney, and his thoughts on Texas Rep. Ron Paul and socially conservative voters in the state.

--Rachel Rose Hartman, 11:55 a.m. ET

Mitt Romney at Tommy's Ham House in Greenville, S.C.

GREENVILLE, S.C.?Just as South Carolina has become known for picking every Republican nominee since 1980, no candidate in recent memory has won the nomination without first passing through the doors of Tommy's Ham House, a local institution known for its artery-clogging breakfasts.

George W. Bush sampled the grits here in 2000 and 2004. John McCain held ham breakfast town halls at the restaurant in 2007, when his campaign was left for dead. (Mike Huckabee, the Republican runner-up in '08, even visited here and?admitted it posed a major risk to his then very strict diet.)

So it was no surprise that Mitt Romney would want to make an appearance at Tommy's on Saturday?his first this campaign season?but as political reporters quickly noticed after the Romney campaign sent a seemingly innocuous e-mail announcing the candidate's schedule this morning, there was a major caveat to Romney's visit. His schedule had him appearing at the restaurant at the same time as Newt Gingrich. And thus the scandal known around Twitter as "Hamgate" was born.

Gingrich's campaign woke up Tommy Stevenson, the Tommy of Tommy's Ham House, to ask if Romney had let the restaurant know he was coming. A groggy Stevenson, who is up before sunrise most days, said he hadn't, according to the Gingrich campaign?which quickly disseminated the information to reporters, implying that Romney was trying to crash the former House Speaker's event.

A Romney aide called the scheduling a "pure coincidence"?but the campaign did not hide its amusement at the situation. Told that that the Gingrich campaign was putting out word from the restaurant that Romney hadn't alerted them of his stop, Stuart Stevens, the candidate's chief strategist, wore a sly smile. "Oh really?" he said, innocently.

Reporters began jokingly coining the run-in as the "Ham House Showdown," while CNN noted that Romney campaign had denied planning a "ham-bush."

The Gingrich advance team went into action. Shortly before 7 a.m., hours before either candidate was expected to be on the scene, aides covered virtually every stretch of grass surrounding the restaurant with "Newt 2012" yard signs. Two enormous Gingrich placards were placed at the dueling entrances of the site, while aides papered the glass door with "Newt" signs?leaving virtually no room for Romney signs.

By 7:30 a.m., a woman was out front selling Gingrich campaign buttons. "No Romney," she admitted, sadly.??By 8:30 a.m., the parking lot was full, with one satellite truck and several news vans, and crews were setting up live shots. Behind them were dozens and dozens of cars, each branded with bumper stickers touting Gingrich or Romney.

Inside, the restaurant was doing brisk business. A hostess said the restaurant called in extra hands to deal with the looming political storm. "We hope they're ready to eat," she said.

Now the big unknown is whether the candidates will actually cross paths. According to his schedule, Gingrich is scheduled to arrive at Tommy's at 10:45 a.m. ET?though the former speaker is known to run late to his events much of the time. Romney, meanwhile, is scheduled to show up on site around 11:00 a.m.?and he is often very punctual.

If the news media is to be believed, it could be the most exciting political moment of the day, aside from the actual primary results. Or it might not be. At least we'll always have the memory of all these pork puns.

--Holly Bailey, 9:02 a.m. ET

We will update this page throughout primary day in South?Carolina with scenes, videos, photographs, observations and insights from the four Yahoo News reporters on the campaign trail in the state. Come back for more!

Read more coverage of the?2012 South Carolina primary at Yahoo News.

Other popular Yahoo! News stories:

? Mailing it in: In South Carolina, a trip to the post office says everything about the campaign

? Romney team happy--but not too happy--on victory night: Scenes from the New Hampshire primary

? Close call leads Romney to ditch teleprompter in favor of familiar speech: Scenes from the Iowa caucuses

Want more of our best political stories? Visit The Ticket or connect with us on Facebook, follow uson Twitter, or add us on Tumblr.

Handy with a camera? Join our?Election 2012 Flickr group to submit your photos of the campaign in action.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/yblog_theticket/20120121/el_yblog_theticket/romney-and-gingrich-in-hamgate-scenes-from-the-south-carolina-primary

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Monday, January 23, 2012

More Fees, Fewer Branches As Banks Cope With Lower Profits (Time.com)

Several big banks have reported their earnings over the past week, and the results aren?t pretty: JP Morgan Chase & Co. had a 23% drop in profits, Citigroup?s fell 11% and regional bank?PNC Financial Services Group suffered a 40% drop. While this kind of news primarily gives heartburn to investors and bank executives, consumers also have cause for concern: They may have won a significant victory over fees in last year?s disastrous attempt by Bank of America to implement a $5 debit card fee, but will banks? poor earnings turn 2012 into the Year of the Fee??

?A lot of the earnings problems are coming from weak revenue on the investment banking side of the business,? says banking consultant Bert Ely. ?I don?t think much of the pain there is going to transfer over to the retail side of the business.?

That?s the good news. The flip side of that is that banks are at the same time grappling with a continued streak of record-low interest rates, which impacts the side of the business that handles customer deposits. ?They will attribute value to those deposits that bears a relationship to market interest rates. The problem is that it?s not going to end anytime soon,? Ely says.

(MORE:?Get Ready for Bank-Fee Whack-a-Mole)

This could drive banks to raise fees, says Mike Moebs, CEO and economist at financial research company Moebs $ervices.??We are going to see and we have already seen in our research that prices for fees have gone up, in some cases appreciably,? he says. Overdraft fees are one example. After rising steadily for the last several years, overdraft fees shot up by $2.50 in the space of just five months last year, an unprecedented rate of increase, Moebs says.

Overdraft fees now average $30 a pop, and other fees are on the rise, too. Moebs says costs for less-visible services like cashiers checks and safe-deposit boxes have recently climbed.

?We?ve seen application fees for loans get to where they?re mandatory, and nonrefundable in some cases,? Moebs says. In some cases, he warns, these fees are folded into the loan processing documents, a strategy designed to earn more for the bank without ratcheting up the APR ? and potentially scaring off customers. In this case, a consumer just focusing on the interest rate could miss an expensive part of the picture. Moebs says consumers are going to have to be extra vigilant to avoid these fees and read the fine print of their loan documentation to unearth fees buried in the paperwork.

Both analysts say banks will be continuing to explore tactics some began implementing last year, such as raising minimum balance requirements or requiring customers to have more than one deposit or loan account in order to have fees waived. They?re more likely to charge for higher-priced options such as paper versus electronic delivery of statements.

(MORE:?How Much Basic Checking at a Big Bank Really Costs)

Ely says banks also will respond with cost-cutting measures such as closing branches. In fact, the Wall Street Journal reported last week that Bank of America might pull out of some markets, calling the move a ?possible geographic retrenchment? in light of the lower earnings potential of smaller towns or cities compared to larger metropolitan areas.

?The number of branches has dropped a little bit over the past couple of years, and I think we?re going to continue to see that,? he says. So even if you manage to avoid being nickel-and-dimed by your bank this year, you might have a longer trip to get to a branch.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//us.rd.yahoo.com/dailynews/external/time_rss/rss_time_us/httpmoneylandtimecom20120119morefeesfewerbranchesasbankscopewithlowerprofitsxidrssnationyahoo/44232354/SIG=13m3is4l3/*http%3A//moneyland.time.com/2012/01/19/more-fees-fewer-branches-as-banks-cope-with-lower-profits/?xid=rss-nation-yahoo

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Occupy protests target courthouses

Jonathan Ernst / Reuters

Demonstrators stage a protest on the steps of the U.S. Supreme Court building, on the anniversary of the Citizens United decision, in Washington, January 20, 2012. Under the banner 'Occupy the Courts,' organizers expect thousands of people to rally on Friday at 150 courthouses to mark the second anniversary of the Supreme Court ruling that protesters say allows unlimited corporate campaign donations.

By msnbc.com staff and news services

Hundreds of?people gathered at courthouses across the nation Friday?to protest a landmark U.S. Supreme Court decision that removed most limits on corporate and labor spending in federal elections.

Occupy Wall Street activists joined forces with Move to Amend, a?coalition that organized the event in more than 100 cities, though the turnout in many places was low. In some cities, fewer than a dozen protesters showed up. Protesters said they were kicking off petition drives in support of a constitutional amendment that would overturn a 2010 court ruling that allowed private groups to spend huge amounts on political campaigns with few restrictions.


Washington, D.C.
In Washington, a couple of hundred protesters gathered across the street from the Supreme Court, chanting "Rights are for people, not for corporations" and "Which side are you on?" Police arrested a handful of protesters. At least 13 people were arrested, including one arrested inside the Supreme Court building on the ground floor.

"I don't see how a real democracy of the people can take place when so much money is in our electoral system," said Lucy Craig, 36, from New Jersey, who was holding a sign that read: "Citizens United: best democracy money can buy."

Boston
More than 100 protesters rallied outside the federal courthouse. Jacqueline Leary, 72, a writer from Beverly, Mass., said there was too much money in politics.

"Citizens United, it's been eating away at me, infuriating me," she said, referring to the court decision that?prohibits the government from placing limits on independent spending for political purposes. "It's so wrong and erodes your belief in the Supreme Court," she added.

Phoenix, Ariz.
About 50 protesters marched outside the Sandra Day O'Connor U.S. Court House in Phoenix, chanting, "The 99 are here to stay, Wall Street it's time to pay!"

"Four hundred Americans control all the wealth," said Micky Mize, a spokesman for Occupy Phoenix. "They are the ones who control the job market, they are trying to control everything from education to our birthrights."

San Francisco
In San Francisco, where a couple of hundred protesters gathered in the city's financial district,?protesters chained themselves to the front doors of Wells Fargo's corporate headquarters. Others linked arms to prevent people from entering a Bank of America branch. Authorities said 18 people were arrested in the protests,?SFGate.com reported.?

Activists were hoping to disrupt the city's financial district as part of "Occupy Wall Street West."? A protest was planned later?Friday at the 9th U.S. Circuit Court of Appeals as part of the "Occupy the Courts" action.

Protesters chained themselves to the entrance of Wells Fargo Bank's corporate headquarters at 555 California St. near Montgomery Street,?protester Pete Woiwode told NBCBayArea.com.
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"We are trying to shut down the bank," Woiwode said.

Read more on NBCBayArea.com

Woiwode, 29, of Oakland, said there were protesters on all four sides of the building, as well as a marching band that was playing music.

Donna Vieira, 42, a real estate appraiser, was protesting at Wells Fargo in San Francisco because she said the bank had "unfairly" foreclosed on her home in Reno, Nev., last year.

"I can get it back if the attorney general takes action," Vieira said. "Nobody is going after the big banks. And loss and pain and suffering doesn't matter to the regulators."

Cleveland
In Cleveland, about 40 to 50 protesters in hats, hoods and gloves held a morning vigil outside the Metzenbaum Federal Courthouse, followed by a march through downtown streets. During the march, paper $50 "bills" were taped over the mouths of ralliers.

Chicago
About 50 people braved blizzard-like conditions in Chicago, waving at passing cars and chanting, "Money out of politics."

The Associated Press, Reuters and NBCBayArea.com contributed to this report.

More content from msnbc.com and NBC News

Source: http://usnews.msnbc.msn.com/_news/2012/01/20/10201461-occupy-targets-courthouses-to-protest-supreme-court-decision

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Sunday, January 22, 2012

Deal of the Day ? Dell Latitude E6520 15.6-inch Intel 2nd Gen Core i3/15/i7 Business Laptops

Today’s LogicBUY Deal is the 15.6″ Dell Latitude E6520 laptop powered by Intel’2 2011 2nd Generation “Sandy Bridge” Core i3/i5 /i7 CPU, starting at $709.? Configure over $899 and use a $100 coupon.? Base specs: 2GB memory (up to 8), 250GB hard drive, DVD-ROM, 6-cell battery, 802.11n WiFi, HDMI, noise-cancelling microphone, 3yr warranty, Windows 7, [...]

Source: http://the-gadgeteer.com/2012/01/21/deal-of-the-day-dell-latitude-e6520-15-6-inch-intel-2nd-gen-core-i315i7-business-laptops/

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Friday, January 20, 2012

Amazon's India launch may be limited: report (Reuters)

(Reuters) ? Amazon.com Inc's highly anticipated entrance into India's retail market may be limited to operating an online marketplace for other merchants, the Times of India reported Thursday.

The world's largest Internet retailer may launch Amazon Marketplace, an online platform that will connect shoppers with third-party retailers -- similar to rival eBay Inc's approach, the newspaper said.

The company could be in India by the first or second week of February, the newspaper added, citing unidentified people familiar with Amazon's plans. An Amazon representative did not respond to a request for comment on Thursday.

Amazon is stepping up its international expansion as the company tries to maintain the torrid rate of growth of recent years. India, with more than 1 billion people and a fast-growing economy, would be an attractive location for the Seattle-based company.

Restrictions on overseas multi-brand retailers now effectively exclude giants like Wal-Mart Stores and Amazon from the $550 billion Indian retail market.

"There's the regulatory handicap that Amazon has to work around," said Scott Tilghman, an analyst at Caris & Company.

Some restrictions on foreign direct investment in India's retail market were lifted recently, and there may be more curbs loosened, the analyst said.

Entering India with an online marketplace or "aggregator" approach will help Amazon "get their feet wet and keep their eyes and ears on the ground," Tilghman said.

Amazon has a thriving online marketplace in the United States and other countries that accounts for about 40 percent of the company's revenue, Tilghman estimated.

Rolling this out in India will get Amazon into the country, without some of the higher costs associated with opening a full retail operation, Tilghman said.

"It takes some of the pressure off by lowering the bar considerably on the financial commitment involved in entering that market," the analyst said. "They can rely more heavily on individual retailers that are already there."

Amazon shares were up 2.2 percent at $193.59 on Thursday afternoon on the Nasdaq.

(Reporting By Alistair Barr in San Francisco)

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20120119/wr_nm/us_amazon_india

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Thursday, January 19, 2012

Yahoo co-founder Jerry Yang leaving company

FILE - In this Jan. 7, 2008 file photo of Yahoo CEO Jerry Yang gestures in the Yahoo booth after he gave his keynote address at the Consumer Electronics Show (CES) in Las Vegas. Yang announced Tuesday, Jan. 17, 2012, that he is leaving Yahoo. The surprise departure comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO. Yang expressed his support of Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception. (AP Photo/Paul Sakuma, File)

FILE - In this Jan. 7, 2008 file photo of Yahoo CEO Jerry Yang gestures in the Yahoo booth after he gave his keynote address at the Consumer Electronics Show (CES) in Las Vegas. Yang announced Tuesday, Jan. 17, 2012, that he is leaving Yahoo. The surprise departure comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO. Yang expressed his support of Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception. (AP Photo/Paul Sakuma, File)

FILE- In this Nov. 5, 2008 file photo, Yahoo CEO Jerry Yang ponders a question during a talk at the Web 2.0 Summit in San Francisco. Yang announced Tuesday, Jan. 17, 2012, that he is leaving Yahoo. The surprise departure comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO. Yang expressed his support of Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception. (AP Photo/Paul Sakuma, File)

FILE - in this Nov. 26, 2011 file photo, Yahoo co-founder Jerry Yang takes pictures at an NCAA college football game in Stanford, Calif. Yang on Tuesday, Jan. 17, 2012 announced that he is leaving Yahoo. The surprise departure comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thomson as its CEO. (AP Photo/Paul Sakuma, File)

SAN FRANCISCO (AP) ? Yahoo co-founder Jerry Yang is leaving the struggling Internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.

The departure, announced Tuesday, punctuates the end of an era at Yahoo, a tarnished Internet icon that has spent much of the last decade scrambling to catch up to Internet search leader Google Inc. ? a company that got early encouragement and advice from Yang. It comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thompson as its CEO.

Thompson is the fourth CEO in less than five years to try to turn around Yahoo. It's a daunting assignment that Yang was unable to pull off during his own tumultuous 18-month reign as the company's CEO in 2007 and 2008.

Yang, 43, endorsed Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception.

"My time at Yahoo, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life," Yang wrote in a letter to Yahoo Chairman Roy Bostock. "However, the time has come for me to pursue other interests outside of Yahoo."

The letter didn't say what Yang plans to do next. He doesn't need to work, thanks to the fortune he has amassed since he began working on Yahoo in a trailer at Stanford University with fellow graduate student David Filo. Yang is worth about $1.1 billion, according to Forbes magazine's latest estimates.

Yang is also stepping down from the boards of China's Alibaba Group and Yahoo Japan. Yahoo is negotiating to sell its stakes in both of the Asian companies as part of its efforts to placate investors. The deal could be worth as much as $17 billion, but it still faces a series of potential stumbling blocks.

Besides surrendering the board seats, Yang is giving up his position as "Chief Yahoo," an honorary title he held as he mingled among workers, while keeping tabs on various company projects.

Thompson could have an easier time overhauling Yahoo without Yang looking over his shoulder and possibly second guessing his decisions, said BGC Financial analyst Colin Gillis.

"This has the fingerprints of frustration on it," Gillis said. "It's one of those situations where it looks like (Yang) is losing the battle to control the company's direction and now he is saying, 'That's it, I'm out.'"

Although a popular figure among Yahoo employees, Yang had alienated the company's shareholders by turning down a chance to sell Yahoo in its entirety to Microsoft Corp. for $47.5 billion, or $33 per share, in May 2008. Yahoo shares haven't topped $20 for more than three years. The stock gained 44 cents to $15.87 in extended trading after Yang's decision was announced.

The slump in Yahoo's stock has diminished Yang's wealth. He still owns a 3.6 percent stake in the company.

Yang conceivably could leverage those holdings to attempt to buy Yahoo's U.S. business after the Asian investments are sold. That is, if he can line up additional financing, Macquarie Securities analyst Ben Schachter wrote in a research note late Tuesday. Several buyout firms have already expressed interest in buying a substantial stake in Yahoo, spurring speculation that Yang might work with them to acquire a controlling interest in what remains of the company if the Asian assets are sold.

When he announced Thompson's hiring earlier this month, Bostock stressed that Yahoo intended to remain an independent, publicly traded company.

Yang had been someone more interested in preserving the company than he created than dismantling parts of its to boost the stock price, analysts said. "Investors tend to want to keep trying to fix the company than carve it apart," Gillis said.

Now that he is out of the way, investors are likely to conclude the sale of the Asian investments will eventually be completed, Schachter wrote.

Investor anger over Yang's handling of the Microsoft negotiations led to his resignation as CEO in late 2008 and the hiring of Silicon Valley veteran Carol Bartz to replace him. Bartz and Yang had gotten to know each other as part of Cisco Systems Inc.'s board of directors.

After initially hailing Bartz as the solution to Yahoo's problems, Yang and the rest of Yahoo's board fired her as CEO in September.

Yahoo's revenue has been falling in recent years even as advertisers have poured more money into the Internet. Much of the money, though, has been going to Google and Facebook's online social network, as Yahoo has fallen further behind in the race to innovate and develop products that attract Web traffic.

Despite its struggles, Yahoo remains profitable and still boasts a worldwide audience of 700 million people.

But visitors aren't sticking around Yahoo's services as much as they once did, depriving the company of more opportunities to sell ads ? the main source of its revenue.

It has been a jarring comedown for Yahoo, which emerged as one of the Internet's first stars after Yang and Filo expanded the service beyond its roots as a hand-picked directory of websites.

Yahoo's early success turned it into a Wall Street darling and landed Yang on the covers of leading business magazines. At the height of the dot-com bubble 12 years ago, Yahoo's stock was trading above a split-adjusted $100 amid talk that the company might eventually try to buy a long-established media franchise such as the Walt Disney Co.

But now investors widely regard Yahoo as a misguided company that can't come up with a cohesive plan to define itself for Web surfers and advertisers.

Yang and Bostock have been the focal point for much of the criticism, partly because of their key roles in the Microsoft talks in 2008. After buying a 5.2 percent stake in Yahoo last autumn, hedge fund manager Daniel Loeb demanded that both Bostock and Yang step down from the company's board. If they refused, Loeb indicated he would finance a shareholder rebellion to oust both men from the board.

Loeb's fund, Third Point LLC, didn't immediately return phone calls seeking comment late Tuesday.

Bostock, Yahoo's chairman for the past four years, has given no indication that he plans to step down.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2012-01-17-US-Yahoo-Founder-Resigns/id-2a3efa809f7742c39d4cee8c5397f22d

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