Indonesia arrests 11 people suspected of planning terror attacks on US, Australian embassies
















JAKARTA, IndonesiaIndonesian police say they have arrested 11 people suspected of planning a range of terrorist attacks on domestic and foreign targets including the U.S. and Australian embassies.


National Police spokesman Maj. Gen. Suhardi Aliyus says the suspects were arrested by an anti-terror squad in raids Friday night in four provinces.












He said Saturday that police also seized bombs, explosive materials and a bomb-making manual.


He said the newly formed group had plans to target the U.S. Embassy in Jakarta and a plaza near the Australian Embassy and the local office of U.S. mining giant Freeport-McMoRan. Aliyus said they also planned to attack the U.S. Consulate in Surabaya and the headquarters of a police special force in Central Java.


It was unclear how far the plans had advanced.


Australia / Antarctica News Headlines – Yahoo! News



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FDA finds contaminants in drug linked to meningitis
















(Reuters) – The U.S. Food and Drug Administration said on Friday it found “greenish black foreign matter” and other contaminants in an injectable steroid produced by the New England Compounding Center, the pharmacy at the heart of a deadly U.S. meningitis outbreak.


It also found that vials from the same bin of the steroid contained what appeared to be a “white filamentous material,” according to the report released by the FDA following inspections of the facility in October.












Massachusetts health regulators said earlier this week that they had turned up evidence of problematic procedures, record-keeping and work conditions inside the pharmacy facility.


The pharmacy is being investigated for its role in the meningitis outbreak, which has killed 25 people and infected hundreds who received injections of its preservative-free methylprednisolone acetate, a steroid used for back pain and other conditions.


The FDA report also said that NECC’s environmental monitoring program found bacteria and mold in two “clean rooms” between January 2012 and September 2012. The rooms are used in the production of sterile drug products.


(Reporting By Toni Clarke and Caroline Humer; Editing by Gerald E. McCormick and Steve Orlofsky)


Health News Headlines – Yahoo! News



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Amid dire forecast, Sandy a hurricane again

SHIP BOTTOM, N.J. (AP) — With much of the Eastern Seaboard in the path of a rare behemoth storm, residents of the nation's most densely populated corridor contemplated whether to heed dire warnings of torrential rain, high winds and up to 2 feet of snow.

"You know how many times they tell you, 'This is it, it's really coming and it's really the big one,' and then it turns out not to be?" said Alice Stockton-Rossini as she packed up to leave her home a few hundred yards from the ocean in Ship Bottom, N.J.

"I'm afraid people will tune it out because of all the false alarms before, and the one time you need to take it seriously, you won't. This one might be the one."

Hurricane Sandy — upgraded again Saturday just hours after forecasters said it had weakened to a tropical storm — was barreling north from the Caribbean and was expected to make landfall early Tuesday near the Delaware coast, then hit two winter weather systems as it moves inland, creating a hybrid monster storm.

Even if Sandy loses strength and makes landfall as something less than a hurricane, the combined storm was expected to bring misery to a huge section of the East. An 800-mile wide swath of the country could see 50 mph winds regardless of Sandy's strength.

Experts said the storm could be wider and stronger than Irene, which caused more than $15 billion in damage, and could rival the worst East Coast storm on record. On Saturday morning, forecasters said hurricane-force winds of 75 mph could be felt 100 miles away from the storm's center.

Up and down the coast, people were cautioned to be prepared for days without electricity. Jersey Shore beach towns began issuing voluntary evacuations and protecting boardwalks. Atlantic City casinos made contingency plans to close, and officials advised residents of flood-prone areas to stay with family or be ready to leave. Several governors declared states of emergency. Airlines said to expect cancellations and waived change fees for passengers who want to reschedule.

In North Carolina's Outer Banks, light rain was falling Saturday and winds were building up to a predicted 30 to 50 mph. A steady stream of campers and other vehicles hauling boats were leaving the low-lying islands for the mainland. Residents feared a temporary bridge built after Irene last year poked a new inlet through the island could be washed out again, severing the only road off Hatteras Island.

In Ship Bottom, N.J., Russ Linke was taking no chances Saturday. He and his wife secured the patio furniture, packed the bicycles into the pickup truck and headed off the island.

"I've been here since 1997, and I never even put my barbecue grill away during a storm, but I am taking this one seriously," he said. "They say it might hit here; that's about as serious as it can get."

After Irene left millions without power, utilities were taking no chances and were lining up extra crews and tree-trimmers. Wind threatened to topple power lines, and trees that still have leaves could be weighed down by snow and fall over if the weight becomes too much.

New York City began precautions for an ominous but still uncertain forecast. No decision had been made on whether any of the city's public transportation outlets would be shut, despite predictions that a sudden shift of the storm's path could cause a surge of 3 to 6 feet in the subways.

The subway system was completely shuttered during Irene, the first such shutdown ever for weather-related reasons. Irene largely missed the city, but struck other areas hard.

The storm loomed a little more than a week before Election Day, while several states were heavily involved in campaigning, canvassing and get-out-the-vote efforts. Republican presidential nominee Mitt Romney and Vice President Joe Biden both canceled weekend campaign events in coastal Virginia Beach, Va., though their events in other parts of the states were going on as planned. In Rhode Island, politicians asked supporters to take down yard signs for fear they might turn into projectiles in the storm.

Sandy killed more than 40 people in the Caribbean, wrecked homes and knocked down trees and power lines.

Early Saturday, the storm was about 355 miles (571 kilometers) southeast of Charleston, S.C. Its sustained wind speed was about 75 mph (121 kph).

Sandy was projected to hit the Atlantic Coast early Tuesday. As it turns back to the north and northwest and merges with colder air from a winter system, West Virginia and further west into eastern Ohio and southern Pennsylvania are expected to get snow. Forecasters were looking at the Delaware shore as the spot the storm will turn inland, bringing 10 inches of rain and extreme storm surges, said Louis Uccellini, environmental prediction director for the National Oceanic and Atmospheric Administration.

Up to 2 feet of snow was predicted to fall on West Virginia, with lighter snow in parts of Ohio and Pennsylvania.

Jeff Masters, meteorology director of the forecasting service Weather Underground, said this could be as big, perhaps bigger, than the worst East Coast storm on record, a 1938 New England hurricane that is sometimes known as the Long Island Express, which killed nearly 800 people.

While rains were light Saturday in North Carolina's Outer Banks, winds were building up to a predicted 30 to 50 mph and a steady stream of campers and other vehicles hauling boats or with kayaks strapped to the roof were headed off the low-lying islands to the mainland. Local residents were preparing for power outages lasting days and fearing a temporary bridge built after Hurricane Irene poked a new inlet through the island last year could be washed out again, cutting off the only road out of Hatteras Island.

Retirees Larry and Jean Collier, of Brantford, Ontario, were leaving their beachfront hotel in Kill Devil Hills, N.C., early Saturday and trying to plot their route home knowing they risked driving into a mess.

"I'll try to split (the trip) right down the middle, not too close to Washington, not too far west," Larry Collier said. "The storm has kind of put a wrench in it."

Others were shrugging off dire predictions. Warren Ellis and his 10-foot-long camper were stuck on an uninhabited Outer Banks island on his annual fishing pilgrimage, the conditions too rough Saturday for the ferry to carry him to safer ground.

"We might not get off here until Tuesday or Wednesday, which doesn't hurt my feelings that much because the fishing's going to be really good after this storm. It's always good after a storm," said Ellis, 44, of Ammissville, Va.

___

Dalesio reported from Kill Devil Hills, N.C. Associated Press writers Brock Vergakis in Duck, N.C., Frank Eltman in Freeport, N.Y., George Walsh in Albany, N.Y., Joe Mandak in Pittsburgh, Kathy Matheson in Philadelphia, Seth Borenstein in Washington and Christine Armario in Miami contributed to this report.

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Spike TV offers $10 million for proof of Bigfoot’s existence
















LOS ANGELES (TheWrap.com) – Forget Donald Trump‘s $ 5 million offer for President Obama‘s college and passport records – Spike TV has a much more lucrative offer. And it might even be more humorous than Trump’s guffaw-inducing “October surprise.”


The cable network is teaming with Lloyd’s of London for a new one-hour reality show, “10 Million Dollar Bigfoot Bounty.” The title pretty much says it all – teams of explorers will go on a grand expedition for proof that Bigfoot – the mythical hairy creature said to roam the forests of America’s Pacific northwest and other areas – actually exists.












Should one of the teams accomplish the mission, a $ 10 million prize – underwritten by renowned insurers Lloyd’s of London – awaits.


It would be the largest cash prize in history, in the unlikely event that one of the teams actually comes up with evidence.


Ah, Spike TV – you really can’t buy publicity like that. And in this case, you probably won’t have to pay a dime.


The 10-episode series, which will film in various areas throughout the country, comes from Original Media (the people who brought the world “Ink Master” and “Swamp People”), with Original’s Charlie Corwin, Michael Riley and Jon Kroll (“The Amazing Race,” “Big Brother”) executive-producing.


TV News Headlines – Yahoo! News



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Star Silicon Valley analyst felled by Facebook IPO fallout

SAN FRANCISCO (Reuters) - The firing of Citigroup stock analyst Mark Mahaney on Friday in the regulatory fallout from Facebook Inc's initial public offering was greeted with shock and dismay in Silicon Valley, where Mahaney was a well-known and well-liked figure.


"Pretty shocked," was the reaction of Jacob Funds Chief Executive Ryan Jacob, who described Mahaney as one of the most respected financial analysts covering the Internet industry.


"I'd put him at the top. If not at the top, then near the top," said Jacob. "He really knew what to look for."


In addition to firing Mahaney, Citigroup paid a $2 million fine to Massachusetts regulators to settle charges that the bank improperly disclosed research on Facebook ahead of its $16 billion IPO in May.


The settlement agreement said Mahaney failed to supervise a junior analyst who improperly shared Facebook research with the TechCrunch news website. (Settlement agreement: http://r.reuters.com/pyj63t)


The settlement agreement also outlined an incident in which Mahaney failed to get approval before responding to a journalist's questions about Google Inc -- and told a Citigroup compliance staffer that the conversation had not occurred -- even after being warned about unauthorized conversations with the media.


Mahaney declined to comment.


Mahaney got his start in the late 1990s, during the first dot-com boom where he worked at Morgan Stanley for Mary Meeker, one of the star analysts of the time. He went on to work at hedge fund Galleon Group before moving to Citigroup in 2005. Unlike most of his New York-based peers in the analyst world, Mahaney worked in San Francisco's financial district, close to the companies and personalities at the heart of the tech industry.


Earlier this month, Mahaney was named the top Internet analyst for the fifth straight year by Institutional Investor. The review cited fans of Mahaney who praised a "systematic" investment approach that allows him to avoid the "waffling" often evidenced by other analysts.


Mahaney's Buy rating on IAC/InteractiveCorp in April 2011, when the stock traded at $33.32, allowed investors to lock in a 51 percent gain before he downgraded the stock to a Hold at $50.31 a few months later, according to Institutional Investor.


But it wasn't only his stock picks that put him in good stead. He earned kudos for simply being a nice guy.


"He's a kind and thoughtful person and that's evident in the way he deals with people," said Jason Jones of Internet investment firm HighStep Capital. "He's very well liked on Wall Street because of that."


A CAUTIOUS VIEW ON FACEBOOK


Mahaney was only indirectly involved in the incident involving the Facebook research, according to the settlement agreement by Massachusetts regulators released on Friday. But the actions of the junior analyst who worked for him provide an unusual glimpse into the type of behind-the-scenes information trading that regulators are attempting to rein in.


While the Massachusetts regulators did not identify any of the individuals by name, Reuters has learned that the incident involved TechCrunch reporters Josh Constine and Kim-Mai Cutler as well as Citi junior analyst Eric Jacobs.


Jacobs, Constine and Cutler all did not respond to requests for comments.


In early May, shortly before Facebook's IPO, Jacobs sent an email to Cutler and Constine. Constine attended Stanford University at the same time as Jacobs.


Constine, who studied social networks such as Facebook and Twitter for his 2009 Master's degree in cybersociology at Stanford, had a close friendship with Jacobs, according to the settlement agreement.


"I am ramping up coverage on FB and thought you guys might like to see how the street is thinking about it (and our estimates)," Jacobs wrote in the email. The email included an "outline" that Jacobs said would eventually become the firm's 30-40 page initiation report on Facebook.


He also included a "Facebook One Pager" document, which contained confidential, non-public information that Citigroup obtained in order to help begin covering Facebook after the IPO.


Asked by Constine if the information could be published and attributed to an anonymous source, Jacobs responded that "my boss would eat me alive," the agreement said.


A spokeswoman for AOL Inc, which owns TechCrunch, declined to answer questions on the matter, saying only that "We are looking into the matter and have no comment at this time."


Ironically, Mahaney was one of a small group of analysts at the many banks underwriting Facebook's IPO who had cautious views of the richly valued offering. Mahaney initiated coverage of the company with a neutral rating.


Analysts at the top three underwriters on Facebook's IPO - Morgan Stanley, Goldman Sachs and J.P. Morgan - started the stock with overweight or buy recommendations.


Earlier this year, Reuters reported that Facebook had pre-briefed analysts for its underwriters ahead of its IPO, advising them to reduce their profit and revenue forecasts.


Facebook, whose stock was priced at $38 a share in the IPO, closed Friday's regular session at $21.94 and has traded as low as $17.55.


"There were tens of billions of dollars in losses based on hyping the name, a lack of skeptical information and misunderstanding the company," said Max Wolff, chief economist and senior analyst at research firm GreenCrest Capital.


"It's highly unfortunate and darkly ironic that one of the signature regulatory actions from this IPO so far involves punishing analysts for disseminating cautious information about Facebook," he added.


(Editing by Jonathan Weber, Mary Milliken and Lisa Shumaker)


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