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Macy's 'Coincidentally' - Business Insider

Macy's ended its relationship with the Emeril Lagasse brand, which is owned by Martha Stewart Living Omnimedia, on Tuesday,?Alexandra Steigrad at Women's Wear Daily reported.

The cookware brand has been dropped from Macy's 800 stores.

The move came a day after Macy's CEO Terry Lundgren testified in New York State Court during a trial over Macy's claims that MSLO broke an exclusive deal?with the retailer.

Macy's said that the decision had nothing to do with the ongoing court battle. A spokesperson told the NY Daily News that the timing was??pure coincidence? and that it was done ?on the basis of sales performance.?

But it's already evident that Macy's executives were disgusted with Martha Stewart and her decision to sign with rival department store JCPenney.

Lundgren said that he and Stewart were friends, but no longer have a relationship. Others execs said that they felt like they were stabbed in the back and were angry about how things went down.

An MSLO lawyer dropped the news about Lagasse's line while questioning Macy's merchandising president Leonard Marcus, who said that he didn't know about the deal's termination.

WWD overheard the Macy's legal team say that they had "no idea" Macy's had cut the Emeril brand and they couldn't believe that it happened so soon after Lundgren had testified.

Source: http://www.businessinsider.com/macys-martha-stewart-drops-emeril-lagasse-brand-2013-2

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Stock index futures point to slightly higher open

LONDON (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Thursday.

Futures for the S&P 500 and the Dow Jones rose 0.2 percent, while contracts on the Nasdaq 100 were up 0.1 percent at 0852 GMT.

European shares also rose as investors took heart from fresh signs that central banks would continue steps to support the world's economy.

Revised U.S. GDP data at 1330 GMT is expected to show the U.S. economy grew by 0.5 percent in the fourth quarter, rather than a 0.1 percent contraction as initially estimated.

Weekly new jobless claims figures, due at the same time, are seen slowing to 360,000 from 362,000 in the previous seven days.

February's Chicago PMI, due out at 1445 GMT, is expected to come in at 54.3, from 55.6 last month.

Liberty Media Corp , which holds a large stake in Barnes & Noble, said on Wednesday it had the power to block a sale of Barnes & Nobles' retail stores and it is waiting to see whether the bookseller's chairman Leonard Riggio will make an offer.

J.C. Penney Co Inc on Wednesday reported its sharpest sales drop since announcing a grand transformation plan 13 months ago, sending shares in the department store operator's shares down 14.5 percent in after hours trading.

Groupon Inc lost a quarter of its market value in after hours trading on Wednesday after the company revealed it began to take a smaller cut of revenue on daily deals during the holidays, sacrificing revenue and profits to attract and keep merchants.

Business software provider Salesforce.com and clothes retailer Gap are due to report results after the market close.

U.S. authorities investigating possible insider trading in ketchup maker H.J. Heinz Co are studying a derivatives bet that was routed through London, the New York Times reported, citing two people briefed on the matter.

Bond insurer MBIA Inc said there was a significant risk that its structured finance insurance unit would be put into liquidation or rehabilitation by its New York regulator if it was unable to settle its claims with Bank of America .

Generic drugmaker Mylan Inc said it will buy a unit of India's Strides Arcolab Ltd for $1.6 billion to expand its presence in the fast-growing injectable drugs market.

The U.S. Justice Department said on Wednesday it has won a $1 billion tax shelter case against Dow Chemical Co that involved a Swiss partnership, Wall Street financial giant Goldman Sachs and international law firm King & Spalding.

The Dow Jones industrial average <.dji> was up 176.32 points, or 1.27 percent, at 14,076.45 on Wednesday. The Standard & Poor's 500 Index <.spx> was up 19.07 points, or 1.27 percent, at 1,516.01. The Nasdaq Composite Index <.ixic> was up 32.61 points, or 1.04 percent, at 3,162.26.

(Reporting by Francesco Canepa; Editing by Alison Williams)

Source: http://news.yahoo.com/stock-index-futures-point-slightly-higher-open-090532234--finance.html

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MYO armband will sense and use muscle movement to control the electronics around you

Imagine being able to flick your hand or snap your fingers to control your iMac, video game, or other electronic device. This is what the MYO armband aims to bring to the market in late 2013. It essentially measures the electrical activity in your muscles to control the devices you're interacting with.

If you're ever seen a movie like Minority Report or the Avengers, you'll remember how the futuristic screens allowed users to implement flicking, snapping, and waving gestures in order to control the screens and electronic devices around them. According to MYO, this is what the MYO armband aims to make a reality. Of course, a lot of this will depend on what developers decide to do with the technology and the API that MYO will provide. It may be the next big thing and part of where the digital future is headed, or it may fizzle out as quickly as the idea was thought up depending upon developer support for the project.

As of now, you can preorder a MYO armband for $149 and it is slated to be available in late 2013. Hit the source link below to check out a video demonstration and more information.

Source: MYO

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/Nr3mjda-XxU/story01.htm

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Keith Ellison to Sean Hannity: Worst. Journalist. Ever!

Source: http://www.thehollywoodgossip.com/2013/02/keith-ellison-to-sean-hannity-worst-journalist-ever/

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Breast cancer among young women increasing

Rebecca Johnson was 27 years old and had just graduated from medical school when she got the diagnosis: breast cancer. She thought she was a rare case, but then a few of her friends got it too. So did some friends of friends.

Was it all just a coincidence, or was breast cancer becoming more common in younger women?

"I really wondered," said Johnson, now 44 and the director of the Adolescent and Young Adult Oncology program at Seattle Children's Hospital. So she examined decades' worth of data from the National Cancer Institute and made a disturbing find: Cases of younger women with advanced breast cancer have increased about 2% each year since the mid-1970s and show no signs of abating.

The results, published in Wednesday's edition of the Journal of the American Medical Assn., confirmed the suspicions of many oncologists who had noticed an uptick in patients younger than 40 with cancer that had spread to the bones, brain or lungs.

In 1976, 1.53 out of every 100,000 American women 25 to 39 years old was diagnosed with advanced breast cancer, the study found. By 2009, the rate had almost doubled to 2.9 per 100,000 women in that age group ? a difference too large to be a chance result.

"Most studies have failed to show an absolute increase," said Dr. Benjamin Paz, a City of Hope Cancer Center surgeon who was not involved in the study. "Now, looking at a longer period of time, this study shows there's clearly been an increase. It's the first to do so."

The trend, which has yet to be explained, has raised real concerns about future efforts to treat the disease. Survival rates for young women with metastatic breast cancer are much lower than they are for older women, because the cancer tends to behave more aggressively in the young.

The data from the U.S. Surveillance, Epidemiology and End Results, or SEER, database detected a significant increase among black and white women in both urban and non-urban areas, suggesting that the root cause or causes were widespread.

"An increasing number of young women in the United States will present with metastatic breast cancer in an age group that already has the worst prognosis, no recommended routine screening practice, the least health insurance, and the most potential years of life," Johnson and her coauthors wrote.

To be sure, it remains uncommon for a young woman to be diagnosed with breast cancer. About 7% of all breast cancers diagnosed in the United States involve women younger than 40, and on average, 1 in 173 women in this age group risks developing some type of breast cancer.

Johnson and her coauthors said they hoped that other Western nations would corroborate their findings using their own data. If a trend is established, research should investigate the reason for the increase, they added.

They hypothesized that the trend was due to a variety of lifestyle changes that have occurred during the study period. Diet, exercise, obesity, earlier onset of menstruation, use of birth control, delayed pregnancy and other factors all might play a role.

A few smaller studies have examined risk factors such as obesity, sedentary lifestyle and high caloric intake and concluded that when combined, they do predispose to young adult breast cancer.

However, it is still unknown exactly why cancers can behave so much more aggressively in younger patients, and why estrogen ? or the blocking of it ? has a very different effect on cancer cells in younger and older women.

"There's something different about breast cancers in young adults than in older people," Johnson said. "Researchers that are focusing on cancer in young adults are trying to tease out what those biological differences are."

In the meantime, she said she hoped the study would alert young women to the risks of breast cancer.

"There's no evidence that 29-year-olds should go out and get mammograms or anything like that," Johnson said. "But if there's a take-home message, I would say that it would be awareness of the fact that breast cancer can happen even in young women and that it's important for both young women and their doctors to be aware of this."

monte.morin@latimes.com

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/P8dJhwBtdTg/la-sci-breast-cancer-younger-women-20130227,0,2729640.story

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