Exclusive: Google Ventures beefs up fund size to $300 million a year

SAN FRANCISCO (Reuters) - Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.

Access to that sizeable checkbook means Google Ventures will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor.

It puts the firm on the same footing as more established corporate venture funds such as Intel's Intel Capital, which typically invests $300-$500 million a year.

"It puts a lot more wood behind the arrow if we need it," said Bill Maris, managing partner of Google Ventures.

Part of the rationale behind the increase is that Google Ventures is a relatively young firm, founded in 2009. Some of the companies it backed two or three years ago are now at later stages, potentially requiring larger cash infusions to grow further.

Google Ventures has taken an eclectic approach, investing in a broad spectrum of companies ranging from medicine to clean power to coupon companies.

Every year, it typically funds 40-50 "seed-stage" deals where it invests $250,000 or less in a company, and perhaps around 15 deals where it invests up to $10 million, Maris said. It aims to complete one or two deals annually in the $20-$50 million range, Maris said.

LACKING SUPERSTARS

Some of its investments include Nest, a smart-thermostat company; Foundation Medicine, which applies genomic analysis to cancer care; Relay Rides, a carsharing service; and smart-grid company Silver Spring Networks. Last year, its portfolio company HomeAway raised $216 million in an initial public offering.

Still, Google Ventures lacks superstar companies such as microblogging service Twitter or online bulletin-board company Pinterest. The firm's recent hiring of high-profile entrepreneur Kevin Rose as a partner could help attract higher-profile deals.

Soon it could have even more cash to play around with. "Larry has repeatedly asked me: 'What do you think you could do with a billion a year?'" said Maris, referring to Google chief executive Larry Page.

(Editing by Muralikumar Anantharaman)

Read More..

UK PM warns of witch-hunt against gays in pedophile scandal

LONDON (Reuters) – British Prime Minister David Cameron warned on Thursday that speculation about the identity of an unidentified member of his ruling Conservative party accused of sexually abusing children could turn into a witch-hunt against gay people.

Cameron, who leads a troubled two-party coalition, ordered an investigation this week after a victim of child sexual abuse in Wales said a prominent Conservative political figure had abused him during the 1970s.

The claims, which follow the unmasking of late BBC star presenter Jimmy Savile as one of Britain’s most prolific sex offenders, have stoked concern that a powerful pedophile ring may have operated in Britain in the 1970s and 1980s.

“I have heard all sorts of names bandied around and what then tends to happen is of course that everyone then sits around and speculates about people, some of whom are alive, some of whom are dead,” Cameron said during an ITV television interview.

“It is very important that anyone who has got any information about any pedophile no matter how high up in the country go to the police,” he said.

Britain’s interior minister warned lawmakers this week that if they named suspected child abusers in parliament they risked jeopardizing future trials.

MPs benefit from “parliamentary privilege” – meaning they can speak inside parliament freely without fear of legal action on a host of legally sensitive issues that might otherwise attract lawsuits.

Reports of child abuse have provoked fevered speculation on the Internet about the identity of the Conservative figure from the era of Margaret Thatcher, prime minister from 1979 to 1990.

When the ITV interviewer passed Cameron a piece of paper with the names of people identified on the Internet as being alleged child abusers, Cameron said:

“There is a danger if we are not careful that this could turn into a sort of witch-hunt particularly against people who are gay.”

“I am worried about the sort of thing you are doing right now – giving me a list of names you have taken off the Internet,” Cameron said.

The BBC aired a program last week in which Steven Messham, one of hundreds of victims of sexual abuse at children’s care homes in Wales over two decades, said he had been sexually abused by a prominent Conservative political figure.

However, the BBC reporter said he could not name the figure because there was “simply not enough evidence to name names”.

(Reporting by Guy Faulconbridge; Editing by Andrew Osborn)

Celebrity News Headlines – Yahoo! News

Read More..

McDonald's sales drop, first time since 2003

McDonald's Corp. reported its first decline in monthly U.S. same store sales in nine years Thursday, as the chain began to suffer problems plaguing the rest of the fast food industry for several years.

Sales at restaurants open more than a year declined 2.2 percent. Same store sales also declined in Europe, 2.2 percent, and the Asia Pacific, Middle East and Africa region, 2.4 percent.

The chain cited lower demand and greater competition for the lower sales. While hamburger competitors Burger King and Wendy’s were walloped by the onset of the recession, both  have changed hands in recent years and launched new menu items that better compete with McDonald’s including expanded breakfast offerings, improved coffee options and more innovative salads.

"Though October's sales results reflect the pervasive challenges of today's global marketplace, I am confident that our strategies and the adjustments we are making in response to the current business headwinds will build sales momentum and drive sustained, profitable growth," McDonald's CEO Don Thompson said. 

Although the decline is historic for the world's largest restaurant chain, which has been on a roll since the beginning of its historic turnaround in 2003, it was not unexpected. Analysts have been tempering expectations and downgrading the stock for months.

To rev up sales, McDonald's has been working to emphasize value in markets around the world.

In the U.S., for example, McDonald's is stepping up advertising for its Dollar Menu after its attempt to market an "Extra Value Menu" for slightly higher prices fell flat. But the company said Thursday that the efforts were offset by "modest consumer demand" and competition.

In particular, McDonald's is facing stiffer competition from longtime rivals Burger King and Wendy's, which are both in the midst of reviving their brands with new ad campaigns and improved menus. Taco Bell, owned by Yum Brands Inc., is also enjoying growth with the help of new offerings such as it Doritos Locos Tacos and higher-end Cantina Bell bowls and burritos.

Stock slipped 0.99 percent in pre-market trades, to $86 in early trading. McDonald's hit an all-time high of $101.74 in February.

Baird analyst David Tarantino maintained an outperform rating on McDonald's, saying in a research note that, "We are cautiously optimistic that better trends can emerge as McDonald's gets past a wall of challenging comparisons in upcoming months."

Tarrantino added that though results "could remain soft" through early 2013, "we see opportunity for better performance to emerge in 2013 as a whole," because of emphasis on value offerings, lower ingredient costs, and reduced currency impact.

eyork@tribune.com | Twitter: @emilyyork

- Reuters contributed to this report

MCD Net Income Quarterly data by YCharts

Read More..

Obama wins but 'fiscal cliff' looms

President Barack Obama faces a new urgent task now that he has a second term, working with a status-quo Congress to address an impending financial crisis that economists say could send the country back into recession.

"You made your voice heard," Obama said in his acceptance speech, signaling that he believes the bulk of the country is behind his policies. It's a sticking point for House Republicans, sure to balk at that.

The same voters who gave Obama four more years in office also elected a divided Congress, sticking with the dynamic that has made it so hard for the president to advance his agenda. Democrats retained control of the Senate; Republicans kept their House majority.

House Speaker John Boehner, R-Ohio, spoke of a dual mandate. "If there is a mandate, it is a mandate for both parties to find common ground and take steps together to help our economy grow and create jobs," he said.

Senate Republican Leader Mitch McConnell of Kentucky had a more harsh assessment.

"The voters have not endorsed the failures or excesses of the president's first term," McConnell said. "They have simply given him more time to finish the job they asked him to do together" with a balanced Congress.

Obama's more narrow victory was nothing like the jubilant celebration in 2008, when his hope-and-change election as the nation's first black president captivated the world. This time, Obama ground it out with a stay-the-course pitch that essentially boiled down to a plea for more time to make things right and a hope that Congress will be more accommodating than in the past.

Even his victory party was more subdued. His campaign said Wednesday that 20,000 people came to hear his speech in downtown Chicago, compared with 200,000 four years ago.

The most pressing challenges immediately ahead for the 44th president are all too familiar: an economy still baby-stepping its way toward full health; 23 million people out of work or in search of better jobs; civil war in Syria; a menacing standoff over Iran's nuclear program.

Sharp differences with Republicans in Congress on taxes, spending, deficit reduction, immigration and more await. While Republicans control the House, Democrats have at least 53 votes in the Senate and Republicans 45. One newly elected independent isn't saying which party he'll side with, and North Dakota's race was not yet called.

Obama's list of promises to keep includes many holdovers he was unable to deliver on in his first term, such as rolling back tax cuts for upper-income people, overhauling immigration policy and reducing federal deficits. Six in 10 voters said in exit polls that taxes should be increased, and nearly half of voters said taxes should be increased on incomes over $250,000, as Obama has called for.

"It's very clear from the exit polling that a majority of Americans recognize that we need to share responsibility for reducing the deficit," Maryland Rep. Chris Van Hollen, the top Democrat on the House Budget Committee, told CNN. "That means asking higher-income earners to contribute more to reducing the deficit."

But Sara Taylor Fagen, who served as political director in President George W. Bush's second term, warned the current White House to pay heed to the closely divided electorate, a lesson her party learned after 2004. With 98 percent of precincts reporting, Obama had 50 percent to 48 percent for Romney.

"It'll be interesting if the Obama team misinterprets the size of their victory," Fagen said. "I think if you look back at history, we pushed Social Security and the Congress wasn't ready for that and wasn't going to do it. And had President Bush gone after immigration, we may be sitting in a very different position as a party."

Obama predicted in the waning days of the campaign that his victory would motivate Republicans to make a deal on immigration policy next year to make up for having "so alienated the fastest-growing demographic group in the country, the Latino community."

Former Mississippi Gov. Haley Barbour agreed that a lesson of 2012 is for his Republican Party to change the party's approach on immigration.

"Republicans say, 'We don't want to reward people for breaking the law,'" Barbour told CBS. "The way we need to look at it is, how are we going to grow the American economy and where does our immigration policy fit into that?"

Even before Obama gets to his second inaugural on Jan. 20, he must deal with the threatened "fiscal cliff." A combination of automatic tax increases and steep across-the-board spending cuts are set to take effect in January if Washington doesn't quickly reach a budget deal. Experts have warned that the economy could tip back into recession without an agreement.

Newly elected Democrats signaled they want compromise to avoid the fiscal cliff.

Read More..

Apple's shares slide 4 percent to five-month low

'},"otherParams":{"t_e":1,".intl":"US"},"events":{"fetch":{lv:2,"sp":"7665149","ps":"LREC,MON","npv":true,"bg":"#FFFFFF","em":escape('{"site-attribute":"_id=\'6fc6e2e9-b163-3060-b8dd-69df1e64d440\' rs=\'lmsid:a0770000002GZ5iAAG\' ctype=\'News\' ctopid=\'1499989;1550500;2299500;1507989;1506989;1542500;1507489\' can_suppress_ugc=\'1\' content=\'no_expandable;ajax_cert_expandable;\' ADSSA"}'),"em_orig":escape('{"site-attribute":"_id=\'6fc6e2e9-b163-3060-b8dd-69df1e64d440\' rs=\'lmsid:a0770000002GZ5iAAG\' ctype=\'News\' ctopid=\'1499989;1550500;2299500;1507989;1506989;1542500;1507489\' can_suppress_ugc=\'1\' content=\'no_expandable;ajax_cert_expandable;\' ADSSA"}')}}};var _createNodes=function(){var nIds=_conf.nodeIds;for(var i in nIds){var nId=nIds[i];var dId=_conf.destinationMap[nIds[i].replace("yom-","")];n=Y.one("#"+nId);if(n)var center=n.one("center");var node=Y.one("#"+dId);var nodeHTML;if(center && !node){nodeHTML=_conf.nodes[nId];center.insert(nodeHTML);};};};var _prepareNodes=function(){var nIds=_conf.nodeIds;for(var i in nIds){var nId=nIds[i];var dId=_conf.destinationMap[nIds[i].replace("yom-ad-","")];n=Y.one("#"+nId);if(n)var center=n.one("center");var node=Y.one("#"+dId);if(center && node){center.set("innerHTML","");center.insert(node);node.setStyle("display","block");};};};var _darla;var _config=function(){if(YAHOO.ads.darla){_darla = YAHOO.ads.darla;_createNodes();};};var _fetch=function(spaceid,adssa,ps){
if (typeof(ps)!='undefined')
_conf.events.fetch.ps = ps;if(typeof spaceid != "undefined") _conf.events.fetch.sp=spaceid;adssa = (typeof adssa != "undefined" && adssa != null) ? escape(adssa.replace(/\"/g, "'")) : "";_conf.events.fetch.em=_conf.events.fetch.em_orig.replace("ADSSA", adssa);if(_darla){_prepareNodes();_darla.setConfig(_conf);_darla.event("fetch");};};Y.on("domready", function(){_config();});;var that={"fetch":_fetch,"getNodes":_conf.nodes,"getConf":_conf};return that;}();/* Backwards compatibility - Assigning the latest instance to the main fetch function */YUI.PhotoAdsDarla.fetch=YUI.PhotoAdsDarla.photoslightboxdarla.fetch;
});
Y.later(10, this, function() {YAHOO.namespace('Media.Social').Lightbox = {};
});
Y.later(10, this, function() {Y.Media.Article.init();
});
Y.later(10, this, function() {new Y.Media.AuthorBadge();
});
Y.later(10, this, function() {new Y.Media.Branding();
});
Y.later(10, this, function() {Y.on("load", function () {
YUI.namespace("Media.SocialButtons");

var instances = YUI.Media.SocialButtons.instances || [],
globalConf = YAHOO.Media.SocialButtons.conf || {},
vplContainers = [];

Y.all(".ymsb").each(function (node) {
var id = node.get("id"),
conf = YAHOO.Media.SocialButtons.configs[id],
instance;

if (conf) {
instance = new Y.SocialButtons({
srcNode: node,
config: Y.merge(globalConf, conf.config || {}),
contentMetadata: conf.content || {},
tracking: conf.tracking || {}
});
vplContainers.push(
{
selector: "#" + id,
callback: function(node) { instance.render(); instance = conf = id = null; }
});

if (conf.config && conf.config.dynamic) {
instances.push(instance);
}
}
});

Y.Global.Media.ViewportLoader.addContainers(vplContainers);
YUI.Media.SocialButtons.instances = instances;
});
});
Y.later(10, this, function() {if (!Y.Media) {

return;

}

Y.Media.boba_lightbox_module_targets = Y.Media.boba_lightbox_module_targets || {};

Y.Media.boba_lightbox_module_configs = Y.Media.boba_lightbox_module_configs || {};

Y.Media.boba_lightbox_module_dataset = Y.Media.boba_lightbox_module_dataset || {};

Y.Media.boba_lightbox_module_whitelist = Y.Media.boba_lightbox_module_whitelist || {};


Y.Media.boba_lightbox_module_targets['lightboxfb11463e5e719400ca18bc98b9778ce3'] = {"lightboxId":"cdb195a8f28db8cb968141f778323a6b","pivotId":"94bf589f-afdb-3d01-8984-fc68fffb427d"};


Y.Media.boba_lightbox_module_dataset['cdb195a8f28db8cb968141f778323a6b'] = {"spaceid":"7665149","total":1,"photoby":"Photo By","xhrtype":"slideshow","videoconf":{"autoplay":true,"continuousPlay":true,"mute":false,"volume":"1.00","lang":"en-US","site":"news","region":"US","jurisdiction":"US","YVAP":{"accountId":"145","playContext":"default"},"pageSpaceId":"7665149","comscoreC4":"US News","comscoreC6":"","showEmbedCode":true,"showShareUrl":true,"expName":"MediaArticleRelatedLightbox","expType":"inline","apiEnv":"prod"},"slideshow_id":null,"slideshow_title":null,"slideshow_title_baked_html":null,"slideshow_desc":null,"slideshow_rev":null,"slideshow_plink_vita":null,"photos":[{"type":"image","url":"http:\/\/l2.yimg.com\/bt\/api\/res\/1.2\/mx7h0ZkHqtbzpA0Cgf6cbA--\/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD0zMTI7cT03OTt3PTQ1MA--\/http:\/\/media.zenfs.com\/en_us\/News\/Reuters\/2012-11-07T171831Z_2_CBRE8A61BIA00_RTROPTP_2_CTECH-US-APPLE-SHARES.JPG","width":450,"height":312,"uuid":"94bf589f-afdb-3d01-8984-fc68fffb427d","caption":"The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New York, September 20, 2012. Apple's iPhone 5 goes on sale tomorrow. REUTERS\/Lucas Jackson","captionBakedHtml":"

The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New York, September 20, 2012. Apple's iPhone 5 goes on sale tomorrow. REUTERS\/Lucas Jackson","date":"Wed, Nov 7, 2012 12:30 PM EST","credit":"Reuters","byline":"LUCAS JACKSON","provider":"Reuters","photo_title":"The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New York","pivot_alias_id":"apple-logo-hangs-glass-enclosure-above-5th-ave-photo-170604491","plink":"\/photos\/apple-logo-hangs-glass-enclosure-above-5th-ave-photo-170604491.html","plink_vita":"http:\/\/news.yahoo.com\/photos\/apple-logo-hangs-glass-enclosure-above-5th-ave-photo-170604491.html","srchtrm":"The Apple logo hangs in a glass enclosure above the 5th Ave Apple Store in New York","revsp":"","rev":"c791dbe0-2900-11e2-bbb7-e5da2ec86964","surl":"http:\/\/l1.yimg.com\/bt\/api\/res\/1.2\/w7aTToZgvXAopKQcTE3EvA--\/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD01NjtxPTc5O3c9ODE-\/http:\/\/media.zenfs.com\/en_us\/News\/Reuters\/2012-11-07T171831Z_2_CBRE8A61BIA00_RTROPTP_2_CTECH-US-APPLE-SHARES.JPG","swidth":81,"sheight":56}]};

Y.Media.boba_lightbox_module_configs['cdb195a8f28db8cb968141f778323a6b'] = {"spaceid":"7665149","ult_pt":"story-lightbox","darla_id":"","images_total":0,"xhr_url":"\/_xhr\/related-article\/lightbox\/?id=6fc6e2e9-b163-3060-b8dd-69df1e64d440","xhr_count":20,"autoplay_if_first_item_is_video":true};
});
Y.later(10, this, function() {new Y.Media.RelatedArticle({count:"2",start:"1",
mod_total:"10", total:"0",
content_id:"6fc6e2e9-b163-3060-b8dd-69df1e64d440",
spaceid:"7665149",
related_count:"-1"
});
});
Y.later(10, this, function() {(function(d){
d.getElementsByTagName('head')[0].appendChild(d.createElement('script')).src='http://d.yimg.com/oq/js/csc_news-en-US-core.js';
})(document);
});
Y.later(10, this, function() {
if(!("Media" in YAHOO)){YAHOO.Media = {};}
if(!("ugcrate" in YAHOO.Media)){YAHOO.Media.ugcrate = {};}
if(!("Media" in Y)){Y.namespace("Media");}
YAHOO.Media.ugcrate.ratings_595789661945bfac3db068a6012f81da = new Y.Media.UgcRate({"context_id":"5c45fbb3-cdb2-467d-ac33-5d2ab49dd099","sCrumb":"im5AE\/KtF2w","containerId":"yom-sentimentrate-595789661945bfac3db068a6012f81da","rateDimensions":"d1","appLang":"en-US","sUltSId":"7665149","sUltProperty":"news-en-US","sUltCampaign":"","sUltPlatform":"ugcwidgets","sUltIntl":"US","sUltLang":"en-US","selfPageUrl":"http:\/\/news.yahoo.com\/10-people-distracted-flaginhairlady-during-obama-speech-025214798.html?_esi=0","artContentId":"c1068fe8-fd30-3cbf-b5a4-4c9b5272c11e","sUltQstnTxt":"Which size tablet would you prefer?","artContentTitle":"10 People Distracted by FlagInHairLady During Obama Speech","artContentDesc":"Joe American: \\\"Hey, did you hear Barack Obama\\'s victory speech?\\\"","sUltBucketId":"test1","sUltSection":"sentirating","sUltBeaconUrl":"","sUltRecordPageviews":"1","sUltBeaconEnable":"1","serviceUrl":"\/_xhr","publisherContextId":"","propertyId":"2fcd79b5-b3a3-333e-b98e-722536a6698f","configurationId":"435db9ee-c55e-3766-b20d-c8ad3ff889d1","graphId":"","labelLeft":"Smaller works for me","labelRight":"Bigger is better","labelMiddle":"","itemimg":"http:\/\/l.yimg.com\/a\/i\/ww\/met\/yahoo_logo_us_061509.png","selfURI":"","aggregateRatingCount":"38012","aggregateReviewCount":"0","leftBlocksNum":"21986","rightBlocksNum":"16024","leftBlocksPerCent":"58","rightBlocksPerCent":"42","ugcrate_apihost":"api01-us.ugcl.yahoo.com:4080","publisher_id":"news-en-US","yca_cert":"yahoo.ugccloud.app.trusted_proxies","timeout_write":"5000","through_proxy":"false","optionStats":"{\"s1\":3444,\"s2\":1635,\"s3\":4066,\"s4\":9677,\"s5\":3164,\"s6\":16024,\"s7\":0,\"s8\":0,\"s9\":0,\"s10\":0}","l10N":"{\"FIRST_TO_READ\":\"You are first to read this. Share your feelings and start a conversation.\",\"SHARE_YOUR_FEELINGS\":\"You too can share your feelings and start a conversation!\",\"HOW_YOUR_FRIENDS_THINK\":\"Thank you for sharing your feeling on this article!\",\"PRE_SHARE_MSG\":\"Your Facebook friends on Yahoo! can see how you responded. To share your response on Facebook, click on the Facebook share option.\",\"START_THE_CONVERSATION\":\"Start the Conversation\",\"THANKS_FOR_SHARING\":\"Sure, that's how you feel... But what do your friends think?\",\"POLL_HEADER\":\"SOCIAL SENTIMENT\",\"SERVER_ERROR\":\"Oops there seems to be some error, please try again later\",\"LOADING\":\"Loading...\",\"SHARE_AFTER_COMMENT\":\"Your response has been shared on Facebook.\",\"UNDO\":\"Undo\",\"UNIT_PEOPLE\":\"People\",\"NUM_PEOPLE_DISAGREE\":\"disagree with your opinion.\",\"READ_MORE_TEXT\":\"Read what they have to say.\",\"SLIDER_THUMB_WORDING_BEFORE_VOTING\":\"WHAT DO YOU THINK?\",\"SLIDER_THUMB_WORDING_VERB_BEFORE_VOTING\":\"DRAG\",\"SLIDER_THUMB_WORDING_THANKS_VOTING\":\"Thanks for voting\",\"NUM_PEOPLE_ANSWERED\":\" 38,012 people have responded\",\"ONE_PERSON_ANSWERED\":\" 1 person has responded. Your response will be seen by your Facebook friends on Yahoo!\",\"TWO_PEOPLE_ANSWERED\":\" 2 people have responded. Your response will be seen by your Facebook friends on Yahoo!\",\"NUM_PEOPLE_ANSWERED_AND_SHARED\":\" 38,012 people have responded. Your response will be seen by your Facebook friends on Yahoo!\",\"NUM_PEOPLE_RATED__s1\":3444,\"NUM_PEOPLE_RATED__s2\":1635,\"NUM_PEOPLE_RATED__s3\":4066,\"NUM_PEOPLE_RATED__s4\":9677,\"NUM_PEOPLE_RATED__s5\":3164,\"NUM_PEOPLE_RATED__s6\":16024,\"NUM_PEOPLE_RATED__s7\":0,\"NUM_PEOPLE_RATED__s8\":0,\"NUM_PEOPLE_RATED__s9\":0,\"NUM_PEOPLE_RATED__s10\":0}","fbconfig":"{\"message\":\"undefined\",\"name\":\"undefined\",\"link\":\"\",\"source\":\"\",\"picture\":\"http:\\\/\\\/l.yimg.com\\\/a\\\/i\\\/ww\\\/news\\\/2011\\\/09\\\/27\\\/yahoo-tc.jpg\",\"description\":\"\",\"captionLeft\":\"undefined\",\"captionRight\":\"undefined\",\"app_id\":\"196660913708276\",\"redirect_uri\":\"\\\/_xhr\\\/ugcratefbredirect\\\/\"}","template_id":"LONG_SLIDER_SOUTH","obj_id":"ratings_595789661945bfac3db068a6012f81da","opt_count":"6","opt_color1":"","opt_color2":"","template_html":"

Read More..

“Dad’s Army” star Clive Dunn dies aged 92

LONDON (Reuters) – British actor Clive Dunn, best known as a bumbling old butcher in the popular World War Two sitcom “Dad’s Army”, has died, his agent said on Wednesday.

Dunn passed away on Tuesday, Peter Charlesworth said, adding that he believed the actor died in Portugal where he has lived for many years. He was 92.

As Lance-Corporal Jones in Dad’s Army – a hit television series in the 1960s and 1970s about a group of local volunteer members of the Home Guard – Dunn was famous for catchphrases such as “Don’t panic!” and “They don’t like it up ‘em.”

He also had a No. 1 hit song with “Grandad” in 1971, which he performed several times on TV music show “Top of the Pops”.

Dunn was born in London in 1920 and enrolled in an acting academy after leaving school.

He played several small roles in films in the 1930s before serving in the army in World War Two, ending up in prisoner-of-war and labor camps for four years.

After the war he worked in music halls before enjoying success as Jones in Dad’s Army.

Underlining his ability to play characters far older than his real age, he followed Dad’s Army with a five-year run in children’s comedy series “Grandad” as an elderly caretaker.

According to the BBC, he is survived by his wife Priscilla Morgan and two daughters, Jessica and Polly.

(Reporting by Mike Collett-White, editing by Paul Casciato)

Celebrity News Headlines – Yahoo! News

Read More..

U.S. Cellular exiting Chicago market

Note: Job cut numbers are updated to correct confusion over numbers supplied by U.S. Cellular.

Chicago-based wireless carrier U.S. Cellular said Wednesday that it is selling its Chicago, St. Louis and central Illinois markets, along with three others in the Midwest, to subsidiaries of Sprint Nextel Corp. for $480 million.

The deal, which requires regulatory approval and is expected to close in mid-2013, will transfer PCS spectrum and about 585,000 customers -- just under 10 percent of U.S. Cellular's subscribers -- to Sprint. The markets account for about 11 percent of U.S. Cellular's service revenues.

As part of the transition, about 640 local jobs -- 160 of them in Chicago proper -- will be eliminated over time. Overall losses in the affected markets will number about 980 positions, with approximately 850 of those related to retail stores. U.S. Cellular will be closing its stores in the geographies it's exiting; engineering and business support jobs in areas such as finance and marketing will also be eliminated.

U.S. Cellular, which employed about 8,400 at the end of September, will retain its Chicago headquarters along with 860 jobs there. In the greater Chicago area, the company will have about 1,400 employees after the transition.

The Sprint deal "positions us, I believe, very strongly for the future, and we're going to continue to be headquartered here in Chicago," President and Chief Executive Mary Dillon told the Tribune. "We've been here since 1985."

On a morning conference call, Dillon described the move as getting "stronger by initially getting smaller" and said the decision was "not taken lightly," given the effect on the company's employees.

In the markets that U.S. Cellular is selling to Sprint, "we aren't reaching the rate of profitable customer growth and return on investment we need to operate effectively," Dillon said on a conference call.

In the affected markets, postpaid churn -- a wireless industry figure that measures defections among customers who are on contracts -- was roughly double that of the carrier's other geographies, Dillon said, indicating a "disproportionate share of subscriber losses." She added that because the company entered those markets later than its rivals, it had difficulty gaining share and incurred financial losses. Penetration in the affected markets was 3.9 percent versus a rate of 16.2 percent in other areas, Dillon said.

U.S. Cellular does not offer 4G service in Chicago, lagging rivals such as AT&T and Verizon Wireless. In an interview with the Tribune, Dillon acknowledged that launching 4G service requires a step-up in technology investment that did not make sense in markets where penetration is low.

While the company is now getting out of Chicago and other markets, "this move does allow us to get to the next generation of technology in our remaining markets faster," Dillon told the Tribune. The company expects 58 percent of its customers to be covered by 4G LTE by year-end, with the roll-out continuing into next year.

In Illinois, the carrier will continue to service markets including Joliet and Rockford after the Sprint deal closes. After it exits the affected markets, the company will have more than 5.2 million customers in 23 states.

Locally, U.S. Cellular will be transitioning a Bolingbrook customer call center to an existing vendor partner Jan. 1, with that company retaining most of the jobs and employees, Dillon said.

On a conference call with financial analysts, the company said the Sprint deal does not change naming rights on the home field for the White Sox, U.S. Cellular Field.

"We have a long-term relationship with the White Sox," said David Kimbell, chief marketing officer at U.S. Cellular. "Even after this transaction, we're going to have 1,400 associates in Chicago so that relationship (with the White Sox) is not part of that deal and will not be changing."

A U.S. Cellular "consumer experience" center at the ballpark will be staying in place, according to the company. The company operates 116 retail stores in the Chicago area, but the U.S. Cellular Field location is not included in that total because no products are sold there.

Dillon emphasized that the carrier will continue to provide the same level of customer service during the transition period and that its subscribers will experience "no immediate change." The company has created a website, www.uscellularinfo.com, that explains the transaction to consumers.

For now, neither U.S. Cellular nor Sprint are offering details on what the transition will look like for affected customers. Dillon said the company will be keeping an eye on its subscriber base to prevent defections and "making sure our customers are very aware there is no change or impact on them for many months."

Stores will remain open and consumers are encouraged to continue upgrading their devices and redeeming reward points through U.S. Cellular's loyalty program, Dillon said. In addition, she said the company will remain "very competitive and aggressive around the holiday period" when it comes to marketing, even in areas that are being sold to Sprint.

The deal with Sprint does not include U.S. Cellular's network equipment, such as the towers and other infrastructure it has in affected markets. The Chicago-based carrier will keep running its network during a transition period, after which Sprint will notify U.S. Cellular as to when it should shut down those operations.

Also on Wednesday, U.S. Cellular said its third-quarter net income dropped 43 percent, as the company subsidized sales of new smartphones.

U.S. Cellular earned $35.5 million, or 42 cents per share, down from $62.1 million, or 73 cents per share, in the same quarter last year. Revenue rose 3 percent to $1.14 billion.

Sprint shares were down 1.8 percent to $5.63 in morning trade. U.S. Cellular Corp. shares were dropping 7.4 percent, to $36.15.

wawong@tribune.com | Twitter @VelocityWong

-- The Associated Press contributed.

USM data by YCharts

Read More..

Three firemen hurt fighting Oak Lawn blaze

A firefighter looks in a basement window at the scene of a house fire in Oak Lawn. (Alex Garcia, Chicago Tribune / November 6, 2012)

Staff report

12:16 p.m. CST, November 6, 2012

Three firefighters were injured while battling a house fire this morning in southwest suburban Oak Lawn.

All have been released from Advocate Christ Hospital late this morning after being treated for the minor injuries, according to Village Manager Larry Deetjen.

One suffered smoke inhalation, another's face was burned, while the third injured his back or leg, according to Deetjen. They are all men.

One occupant was able to escape and was out of the house by the time police arrived, according to Kaufmann.

Deetjen said the building was "well engulfed" when firefighters got there and searched the building. When they found no one inside, they extinguished the fire but the men were injured in the process.

The home was rendered unlivable and sustained "extensive"damages. The American Red Cross and the Salvation Army will be assisting, he said.

Deetjen said the cause of the blaze is under investigation.

Police and fire department investigators remain on the scene and 99^th Street is closed down in both directions from Cicero to 51^st avenues, said Kaufmann.

chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

Read More..

Exclusive: EU regulators to accept Apple, publishers e-book offer

{ttle}

{cptn}","template_name":"ss_thmb_play_ttle","i18n":{"end_of_gallery_header":"End of Gallery","end_of_gallery_next":"View Again"},"metadata":{"pagination":"{firstVisible} - {lastVisible} of {numItems}","ult":{"spaceid":"2145892301","sec":""}}},{"id": "hcm-carousel-610840747", "dataManager": C.dmgr, "mediator": C.mdtr, "group_name":"hcm-carousel-610840747", "track_item_selected":1,"tracking":{
"spaceid" : "2145892301",
"events" : {
"click" : {
"any" : {
"yui-carousel-prev" : {
"node" : "a",
"data" : {"sec":"HCMOL on article right rail","slk":"prev","itc":"1" },
"bubbles" : true,
"test": function(params){
var carousel = params.obj.getCarousel();
var pages = carousel._pages;

// if same page, don't beacon
if(("_ult_current_page" in carousel) && carousel._ult_current_page==pages.cur) return false;

// keep track of current position within this closure
carousel._ult_current_page = pages.cur;

return true;
}
},
"yui-carousel-next" : {
"node" : "a",
"data" : {"sec":"HCMOL on article right rail","slk":"next","itc":"1" },
"bubbles" : true,
"test": function(params){
var carousel = params.obj.getCarousel();
var pages = carousel._pages;

// no more pages, don't beacon again
// if same page, don't beacon
if(("_ult_current_page" in carousel) && carousel._ult_current_page==pages.cur) return false;

// keep track of current position within this closure
carousel._ult_current_page = pages.cur;
return true;
}
}
}
}
}
}
}));
});
Y.later(10, this, function() {(function() {
try{
if (Math.floor(Math.random()*10) == 1) {
var loc = window.location,
decoded = decodeURI(loc.pathname),
encoded = encodeURI(decoded),
uri = loc.protocol + "//" + loc.host + encoded + ((loc.search.length > 0) ? loc.search + '&' : '?') + "_cacheable=1",
xmlhttp;

if (window.XMLHttpRequest)
xmlhttp = new XMLHttpRequest();
else
xmlhttp = new ActiveXObject("Microsoft.XMLHTTP");

xmlhttp.open("GET",uri,true);
xmlhttp.send();
}
}catch(e){}
})();
});
Y.later(10, this, function() {Y.namespace("Media").ywaSettings = '"projectId": "10001256862979", "documentName": "", "documentGroup": "", "ywaColo" : "vscale3", "spaceId" : "2145892301" ,"customFields" : { "12" : "classic", "13" : "story" }';
Y.Media.YWA.init(Y.namespace("Media").ywaSettings);
});
Y.later(10, this, function() {if(document.onclick===YAHOO.Media.PreventDefaultHandler.newClick){document.onclick=YAHOO.Media.PreventDefaultHandler.oldClick;}
});
});
});

Read More..

Ivorian reggae singers bury rivalry for “peace” tour

ABIDJAN (Reuters) – As darkness falls over Ivory Coast‘s lagoon-side commercial capital a steady thumping cuts through the tropical night.

But where once the thud of heavy weapons set the Abidjan‘s residents scrambling indoors for cover, tonight it is a reggae bass line that draws them out.

Here, little over a year ago, supporters of then-president Laurent Gbagbo and his rival Alassane Ouattara were fighting a brief post-election civil war, the final deadly showdown of a decade-long political crisis.

After years teetering precariously between war and peace, the flames of division, xenophopia and anger – fanned in no small degree by some of the country’s most famous musicians – exploded into a conflict in which more than 3,000 people died.

One of Ivory Coast’s leading reggae artists, Serge Kassy, even rose to become a leader and organizer of Gbagbo’s Young Patriots street militia – a group accused of numerous atrocities during the war. Kassy is now in exile.

“When I looked at the musical scene in Ivory Coast, I realized that we ourselves went too far,” said Asalfo Traore of the zouglou band Magic System, one of the few groups that refused to take sides during the crisis years.

“It was when everything was ruined that we wanted to glue the pieces back together. But it was too late.”

Now, long-divided musicians are once again coming together, hoping to use their influence, so destructive for so long, to help Ivory Coast heal its deep wounds, and the country’s leading rival reggae artists are showing the way.

REGGAE RIVALRY

The long feud between Alpha Blondy and Tiken Jah Fakoly is a thing of legend in the reggae world, though neither has been willing to say what was behind the bad blood.

Both men come from Ivory Coast’s arid north and share a musical genre. But the similarities stop there.

Alpha, considered the father of Ivorian reggae, takes the stage in Abidjan clad in a shimmering pink suit, golden tie and Panama hat of an urban dandy. Tiken wears the traditional flowing robes of his northern Malinke tribe.

During the crisis, Alpha remained in Ivory Coast, while Tiken, a vocal critic of President Gbagbo‘s regime, went into exile in neighboring Mali.

They had so successfully avoided each other during their long parallel careers that before he picked up the phone to approach Alpha with the idea of uniting for a series of peace concerts, Tiken claimed they’d met only twice.

“Before going to the Ivorians to ask them to move towards reconciliation, it was important for us to show a major sign. That’s what we did,” Tiken told Reuters.

Out of a meeting in Paris was born a simple idea: six concerts in six towns across a country once split between a rebel north and government-held south, bringing together musicians from across the political spectrum to push for peace.

“No one’s died over the problems between Tiken and me,” said Alpha. “There are things that are more serious than our little spats, our pride and our vanities.”

Uniting the Ivorian music scene proved relatively easy in the end. Uniting the country could prove a tougher task.

BUSINESS AS USUAL

Some 18 months since the war ended, reconciliation in Ivory Coast is going nowhere.

Though Ouattara is praised by international partners for quicky turning around the economy, critics complain he has done little to foster unity. He has so far refused to prosecute those among his supporters accused of atrocities during the war.

Meanwhile Gbagbo, who lost the run-off election but garnered 46 percent of votes, is in The Hague on war crimes charges.

The leaders of his FPI political party are either dead, in jail or living in exile, from where they are accused by United Nations investigators of organizing deadly armed raids on Ivorian police, military and infrastructure targets.

“People came here for Alpha, Tiken Jah and artists they only ever see on TV, not for reconciliation,” said high school teacher Michel Loua in Gagnoa, the second stop on the tour in Gbagbo’s home region.

“The politicians have made a business of it. They talk up reconciliation when it suits them, otherwise they could care less,” he said.

Unity was never a problem, Alpha said, until politicians began to play the ethnic identity card in the struggle for power that followed the death of independence President Felix Houphouet-Boigny in 1993. And even after the violence and massacres, it is still not the problem today.

“Ivorians are not divided. That’s what I discovered,” he said on the last night of the tour. “If there are people that need reconciliation, it’s not the artists or the people. It’s the politicians,” he said.

Minutes later he was on stage singing “Course au Pouvoir”, a 16-year-old song that has found new relevance today with its lyrics: “There’s blood on the road that leads to the tower of power. Innocent blood.”

Having wrapped up their tour, Tiken, Alpha and the rest of the musicians are due to meet with President Ouattara and plan to call for the release of all pro-Gbagbo prisoners not accused of involvement and killings as a sign of good will.

The move has been called for by human rights groups as well as the FPI, who list it as one of their pre-conditions for dialogue. And though Ouattara has given no indication he is open to the possibility, many feel it is an unavoidable step towards lasting peace.

(Editing by Richard Valdmanis, editing by Paul Casciato)

Music News Headlines – Yahoo! News

Read More..