DealBook: Amid Bank's Legal Problems, Barclays Chief Gives Up Bonus

6:44 p.m. | Updated

Antony P. Jenkins, the new chief executive of Barclays, said on Friday that he would forgo his bonus as the British bank struggled to rebuild its reputation after recent missteps.

British regulators are investigating new accusations that Barclays failed to properly disclose to shareholders a loan to a group of Qatari investors that gave the British bank a cash infusion during the financial crisis, according to a person with direct knowledge of the matter.

Last year, the bank disclosed that British and American authorities were investigating the legality of the payments related to the $7.1 billion cash injection to Qatar Holding, the sovereign wealth fund.

Mr. Jenkins is dealing with a series of legal headaches.

In June, Barclays agreed to pay a $450 million settlement with United States and British regulators over rate manipulation. The scandal forced a number of the bank’s top executives to resign, including the chief executive at the time, Robert E. Diamond Jr.

The British firm has also set aside $3.2 billion to cover legal costs related to the inappropriate selling of insurance to consumers. British authorities recently told the bank that it must review the sale of certain interest rate hedging products after 90 percent of a sample of the complex instruments were found to have been sold improperly. Analysts say the investigation may lead to millions of dollars of new legal costs.

With the controversy surrounding the bank, Mr. Jenkins said he did not want to be considered for a bonus that could have totaled up to $4.3 million, adding that many of the problems engulfing the bank were of its own making. The Barclays chief’s annual salary is $1.7 million.

“I think it only right that I bear an appropriate degree of accountability for those matters,” Mr. Jenkins said in a statement. “It would be wrong for me to receive a bonus for 2012.”

A spokesman for Barclays declined to comment about the investigation into potential wrongdoing connected to the loan to Qatari investors.

By giving up his bonus, Mr. Jenkins contrasts with his predecessor. Mr. Diamond was in line for a $4.3 million bonus for 2011 despite criticism about the bank’s performance. Faced with mounting opposition, Mr. Diamond and Chris Lucas, the bank’s finance director, eventually agreed to forgo half of the deferred stock payout if the British bank failed to reach a number of its financial targets.

Barclays, which will disclose details of a major overhaul of its operations when it reports earnings on Feb. 12, is expected to cut up to 2,000 jobs in its investment bank in an effort to reduce its exposure to risky trading activity, according to two people with direct knowledge of the matter.

Mr. Jenkins, who previously ran Barclays’ consumer banking business, told employees in January that they should leave the bank if they were not willing to help rebuild the firm’s reputation.

“My message to those people is simple,” Mr. Jenkins wrote in an internal note obtained by The New York Times. “Barclays is not the place for you. The rules have changed.”


This post has been revised to reflect the following correction:

Correction: February 1, 2013

An earlier version of this article indicated that the Barclays chief executive told employees earlier this month that they should leave the bank if they were not willing to help rebuild the firm’s reputation. He told them in January.

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Senate Democrats huddle on gun measures









WASHINGTON – Vice President Joe Biden met Thursday with Senate Democrats to brief the caucus about the rationale behind the administration’s recommendations on guns, arguing that, in the wake of the Newtown, Conn., shooting, the nation “will not understand if we don’t act.”


Biden seemed intent to emphasize that the most politically challenging of the initiatives he has  recommended – an assault weapons ban – was still a priority for the administration, mentioning it first in remarks to reporters afterward.


“My message was to lay out for my colleagues what our game plan was, what we thought needed to be done,” Biden said after the more than hourlong meeting. “I made the case for not only assault weapons but for the entire set of recommendations the president laid out.”





Biden said he also asked to sit down with the key parties on Capitol Hill to plot strategy going forward.


All 23 of President Obama's gun policy proposals


A day after the Senate Judiciary Committee held its first hearing on guns, the vice president said there has been a “sea change” in public opinion since the Sandy Hook Elementary School shooting, calling it the “straw that broke the camel’s back” to get the public behind gun measures for the first time in decades.


“I’m not saying there’s an absolute consensus on all these things,” he said. “But there is a sea change in attitudes of the American people. And I believe that the American people will not understand – and I know everyone in that caucus agrees with me – will not understand if we don’t act.”


Participants in the meeting said the vice president indicated he will continue to travel to make the administration’s case, as will the president. A week ago Biden traveled to Richmond, Va., to focus on the call for universal background checks, which is seen as the most likely of the slate of proposals to pass.


PHOTOS: President Obama’s past


At that time, Biden did not mention the assault weapons ban in remarks to reporters afterward, though aides said it did come up in the private discussion with officials present.


Sen. Barbara Boxer (D-Calif.) said Biden told the caucus Thursday that the administration is still behind the ban, a priority of her California colleague, Democratic Sen. Dianne Feinstein.


“He said this is something that they support. And that the reports that he’s seen have shown that it did make a difference,” Boxer said.


That remains a challenge though, even in the Democratic-controlled Senate because the Democrats must defend 21 seats in 2014.


“Until I see the bills and the language, the only thing I’m going to say is I’m a strong supporter of the 2nd Amendment. We’ve got to find a balanced approach, and I will take each amendment and bill as it comes,” said Sen. Mary Landrieu (D-La.), who will be seeking reelection next year in a deeply Republican state.


Biden maintained that while there is no way to eliminate the possibility of another mass shooting, “there are things that we can do … that have virtually zero impact on your 2nd Amendment right to own a weapon for both self-defense and recreation that can save some lives.”


“I’ve always been confident we can reach a consensus on a broad cross-section of issues that can reduce some of this violence, even knowing it will be imperfect,” said Sen. Bob Casey (D-Pa.).


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U.S. tablet shipments soar during holidays, threaten to surpass PCs






SAN FRANCISCO (Reuters) – Apple Inc Chief Executive Tim Cook’s prediction that tablets would one day outsell personal computers appears to be coming true.


Holiday season shipments of tablet computers touched a record 52.5 million, up 75 percent from a year ago, as consumers snapped up a wide range of the touch-enabled mobile devices and lower priced offerings, according to International Data Corp (IDC), which tracks both markets.






Growth of the tablet market handily outpaced that of personal computers, with PC shipments sliding 6.4 percent to 89.8 million in the October-December period.


In another sign of the rise of tablets, Apple, the No. 1 seller of tablets, shipped 22 million of them in the fourth quarter, compared with 15 million personal computers shipped by No. 1 PC seller Hewlett-Packard Co during the same period.


But increasing competition means that Apple’s one-time stranglehold on the tablet market continues to loosen. The market share of its iPad fell to 43.1 percent in the fourth quarter from 51.7 percent the previous year, IDC said.


Samsung Electronics, the No. 2 seller of tablets with its flagship Galaxy brand, captured 15.1 percent of the market, more than double its 7.3 percent share a year earlier.


Software maker Microsoft Corp, which launched its Surface with Windows RT tablet during the holidays, shipped about 900,000 units, IDC said.


Microsoft has been banking on Surface to showcase its new Windows 8 software to compete with Google Inc‘s Android-based tablets and the iPad.


Amazon.com Inc, despite having a wider range of products for the holidays, saw its share slip to 11.5 percent from 15.9 percent. Asian manufacturer Asus, which makes the Google-branded Nexus 7 tablet, saw a its share increase to 5.8 percent from 2 percent, IDC said.


IDC’s figures underscore the sliding fortunes of PC makers such as HP and Dell Inc, which is now in the process of taking itself private.


“New product launches from the category’s top vendors, as well as new entrant Microsoft, led to a surge in consumer interest and very robust shipments totals during the holiday season,” said Tom Mainelli, research director, tablets, at IDC.


“The record-breaking quarter stands in stark contrast to the PC market, which saw shipments decline during the quarter for the first time in more than five years,” Mainelli said.


(Reporting By Poornima Gupta; Editing by Steve Orlofsky)


Tech News Headlines – Yahoo! News





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Tom Hardy, Noomi Rapace in talks for Soviet thriller






NEW YORK (TheWrap.com) – Tom Hardy and Noomi Rapace are in talks to star in “Child 44,” a thriller that Ridley Scott and Michael Costigan are producing for Scott Free Productions, individuals with knowledge of the deal told TheWrap. “Safe House” filmmaker Daniel Espinosa will direct from a script by Richard Price, who is adapting Tom Rob Smith‘s novel.


Set in Josef Stalin‘s Soviet Union, the story follows Leo Demidov, a disgraced intelligence agent investigating a series of child murders. The paranoid Soviet government then becomes suspicious of his investigation.






The book, the first in a trilogy, is based on the true story of Ukrainian serial killer Andrei Chikatilo.


Hardy will play the officer and Rapace his wife.


The actors will first shoot “Animal Rescue,” a drama that Michael Roskam is directing for Fox Searchlight. Hardy, fresh off a year in big films such as ‘The Dark Knight Rises,” just wrapped “Mad Max: Fury Road.” Rapace, who appeared in 2012′s “Prometheus,” will next be seen in “Dead Man Down.”


Movies News Headlines – Yahoo! News





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Well: Waiting for Alzheimer's to Begin

My gray matter might be waning. Then again, it might not be. But I swear that I can feel memories — as I’m making them — slide off a neuron and into a tangle of plaque. I steel myself for those moments to come when I won’t remember what just went into my head.

I’m not losing track of my car keys, which is pretty standard in aging minds. Nor have I ever forgotten to turn off the oven after use, common in menopausal women. I can always find my car in the parking lot, although lots of “normal” folk can’t.

Rather, I suddenly can’t remember the name of someone with whom I’ve worked for years. I cover by saying “sir” or “madam” like the Southerner I am, even though I live in Vermont and grown people here don’t use such terms. Better to think I’m quirky than losing my faculties. Sometimes I’ll send myself an e-mail to-do reminder and then, seconds later, find myself thrilled to see a new entry pop into my inbox. Oops, it’s from me. Worse yet, a massage therapist kicked me out of her practice for missing three appointments. I didn’t recall making any of them. There must another Nancy.

Am I losing track of me?

Equally worrisome are the memories increasingly coming to the fore. Magically, these random recollections manage to circumnavigate my imagined build-up of beta-amyloid en route to delivering vivid images of my father’s first steps down his path of forgetting. He was the same age I am now, which is 46.

“How old are you?” I recall him asking me back then. Some years later, he began calling me every Dec. 28 to say, “Happy birthday,” instead of on the correct date, Dec. 27. The 28th had been his grandmother’s birthday.

The chasms were small at first. Explainable. Dismissible. When he crossed the street without looking both ways, we chalked it up to his well-cultivated, absent-minded professor persona. But the chasms grew into sinkholes, and eventually quicksand. When we took him to get new pants one day, he kept trying on the same ones he wore to the store.

“I like these slacks,” he’d say, over and over again, as he repeatedly pulled his pair up and down.

My dad died of Alzheimer’s last April at age 73 — the same age at which his father succumbed to the same disease. My dad ended up choosing neurology as his profession after witnessing the very beginning of his own dad’s forgetting.

Decades later, grandfather’s atrophied brain found its way into a jar on my father’s office desk. Was it meant to be an ever-present reminder of Alzheimer’s effect? Or was it a crystal ball sent to warn of genetic fate? My father the doctor never said, nor did he ever mention, that it was his father’s gray matter floating in that pool of formaldehyde.

Using the jarred brain as a teaching tool, my dad showed my 8-year-old self the difference between frontal and temporal lobes. He also pointed out how brains with Alzheimer’s disease become smaller, and how wide grooves develop in the cerebral cortex. But only after his death — and my mother’s confession about whose brain occupied that jar — did I figure out that my father was quite literally demonstrating how this disease runs through our heads.

Has my forgetting begun?

I called my dad’s neurologist. To find out if I was in the earliest stages of Alzheimer’s, he would have to look for proteins in my blood or spinal fluid and employ expensive neuroimaging tests. If he found any indication of onset, the only option would be experimental trials.

But documented confirmation of a diseased brain would break my still hopeful heart. I’d walk around with the scarlet letter “A” etched on the inside of my forehead — obstructing how I view every situation instead of the intermittent clouding I currently experience.

“You’re still grieving your father,” the doctor said at the end of our call. “Sadness and depression affect the memory, too. Let’s wait and see.”

It certainly didn’t help matters that two people at my father’s funeral made some insensitive remarks.

“Nancy, you must be scared to death.”

“Is it hard knowing the same thing probably will happen to you?”

Maybe the real question is what to do when the forgetting begins. My dad started taking 70 supplements a day in hopes of saving his mind. He begged me to kill him if he wound up like his father. He retired from his practice and spent all day in a chair doing puzzles. He stopped making new memories in an all-out effort to preserve the ones he already had.

Maybe his approach wasn’t the answer.

Just before his death — his brain a fraction of its former self — my father managed to offer up a final lesson. I was visiting him in the memory-care center when he got a strange look on his face. I figured it was gas. But then his eyes lit up and a big grin overtook him, and he looked right at me and said, “Funny how things turn out.”

An unforgettable moment?

I can only hope.



Nancy Stearns Bercaw is a writer in Vermont. Her book, “Brain in a Jar: A Daughter’s Journey Through Her Father’s Memory,” will be published in April 2013 by Broadstone.

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Food Companies Meet to Weigh Federal Label for Gene-Engineered Ingredients


Saul Loeb/Agence France-Presse — Getty Images


Demonstrators from Safe Food Activists and Concerned Consumers at a protest in Washington, D.C., earlier this month.







With Washington State on the verge of a ballot initiative that would require labeling of some foods containing genetically engineered ingredients and other states considering similar measures, some of the major food companies and Wal-Mart, the country’s largest grocery store operator, have been discussing lobbying for a national labeling program.




Executives from PepsiCo, ConAgra and about 20 other major food companies, as well as Wal-Mart and advocacy groups that favor labeling, attended a meeting in January in Washington convened by the Meridian Institute, which organizes discussions of major issues. The inclusion of Wal-Mart has buoyed hopes among labeling advocates that the big food companies will shift away from tactics like those used to defeat Proposition 37 in California last fall, when corporations spent more than $40 million to oppose the labeling of genetically modified foods.


“They spent an awful lot of money in California — talk about a lack of return on investment,” said Gary Hirshberg, co-chairman of the Just Label It campaign, which advocates national labeling, and chairman of Stonyfield, an organic dairy company.


Instead of quelling the demand for labeling, the defeat of the California measure has spawned a ballot initiative in Washington State and legislative proposals in Connecticut, Vermont, New Mexico and Missouri, and a swelling consumer boycott of some organic or “natural” brands owned by major food companies.


Mr. Hirshberg, who attended the January meeting, said he knew of roughly 20 states considering labeling requirements.


“The big food companies found themselves in an uncomfortable position after Prop. 37, and they’re talking among themselves about alternatives to merely replaying that fight over and over again,” said Charles Benbrook, a research professor at Washington State University who attended the meeting.


“They spent a lot of money, got a lot of bad press that propelled the issue into the national debate and alienated some of their customer base, as well as raising issues with some trading partners,” said Mr. Benbrook who does work on sustainable agriculture.


For more than a decade, almost all processed foods in the United States — like cereals, snacks and salad dressings — have contained ingredients from plants with DNA that has been manipulated in a laboratory. The Food and Drug Administration, other regulators and many scientists say these foods pose no danger. But as Americans ask more pointed questions about what they are eating, popular suspicions about the health and environmental effects of biotechnology are fueling a movement to require that food from genetically modified crops be labeled, if not eliminated.


Impending F.D.A. approval of a genetically modified


salmon and the Agriculture Department’s consideration of genetically engineered apples have further intensified the debate.


“We’re at a point where, this summer, families could be sitting at their tables and wondering whether the salmon and sweet corn they’re about to eat has been genetically modified,” said Trudy Bialic, director of public affairs at PCC Natural Markets in Seattle. “The fish has really accelerated concerns.”


Mr. Hirshberg said some company representatives wanted to find ways to persuade the Food and Drug Administration to proceed with federal labeling.


“The F.D.A. is not only employing 20-year-old, and we think obsolete, standards for materiality, but there is a general tendency on the part of the F.D.A. to be resistant to change,” he said. “With an issue as polarized and politicized as this one, it’s going to take a broad-based coalition to crack through that barrier.”


Morgan Liscinsky, an F.D.A. spokeswoman, said the agency considered the “totality of all the data and relevant information” when forming policy guidance. “We’ve continued to evaluate data as it has become available over the last 20 years,” she said.


Neither Mr. Hirshberg nor Mr. Benbrook would identify other companies that participated in the talks, but others confirmed some of the companies represented. Caroline Starke, who represents the Meridian Institute, said she could not comment on a specific meeting or participants.


Proponents of labeling in Washington State have taken a somewhat different tack from those in California, arguing that the failure to label will hurt the state’s fisheries and apple and wheat farms. “It’s a bigger issue than just the right to know,” Ms. Bialic said. “It reaches deep into our state’s economy because of the impact this is going to have on international trade.”


A third of the apples grown in Washington State are exported, many of them to markets for high-value products around the Pacific Rim, where many countries require labeling. Apple, fish and wheat farmers in Washington State worry that those countries and others among the 62 nations that require some labeling of genetically modified foods will be much more wary of whole foods than of processed goods.


The Washington measure would not apply to meat or dairy products from animals fed genetically engineered feed, and it sharply limits the ability to collect damages for mislabeling.


Mr. Benbrook and consumer advocates say the federal agencies responsible for things like labeling have relied on research financed by companies that make genetically modified seeds.


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High-end home sales on a roll in state









California's luxury housing market is booming.


In activity reminiscent of real estate's bubble years, the number of homes statewide selling at more than $5 million reached an all-time high last year, while those selling at $1 million or more rose to the highest level since 2007, a real estate information service has reported.


Sales are up because well-heeled U.S. and international buyers, confident that the housing recovery is solid, are looking for places to park their cash, real estate experts said. Also playing a role was a rush among the very wealthy to take advantage of lower capital gains taxes by selling before year end.





"Last year was gangbusters," said Dave Fratello, an agent with the Real Group in Manhattan Beach, the busiest Southern California community for $1-million-plus sales in 2012. "We flipped very quickly from a buyer's market to a seller's market."


Across California, 697 homes sold for more than $5 million, beating the previous high of 491 in 2011, according to San Diego-based DataQuick. The 2012 sales mark was the highest since DataQuick began tracking such sales in 1988.


The 26,993 homes sold at $1-million-plus represented a 26.9% jump from 2011, DataQuick said. In comparison, 42,502 home sales exceeded the million-dollar mark in 2007, before the mortgage meltdown dragged down prices across the housing market.


The record was set in 2005, when 54,773 homes sold for $1 million or more. The luxury market outpaced overall sales, which were up 8.2% statewide.


"The very top, it is a record level — well beyond what it was in the bubble period," said John Karevoll, analyst for DataQuick.


Hillsborough, in the San Francisco Bay Area, claimed the top spot with 422 sales at $1 million-plus. Like many neighborhoods in Silicon Valley and environs, Hillsborough's sales growth was driven by a wave of buyers from the technology sector.


Southern California communities with the most $1-million-plus sales included Manhattan Beach, Newport Beach, La Jolla, Brentwood, Beverly Hills and Laguna Beach.


"We're hitting that perfect storm of buyer demand, low inventory and attractive housing prices," said Paul Habibi, who teaches real estate at the UCLA Anderson School of Management.


Gary Painter, director of research and an economist with the USC Lusk Center for Real Estate, said the high-end niche is more likely to be driven by the international economy rather than what is going on in the U.S. — which suffered an unexpected economic contraction during the last three months of the year, the Commerce Department said Wednesday.


As a result, the luxury market is benefiting from a continued influx of wealthy international buyers who are betting on the potential of prime housing to appreciate and view luxury home prices in the U.S. as bargains versus other parts of the world.


Foreign buyers spent 24% more on U.S. real estate last year than in 2011, according to an annual survey by the National Assn. of Realtors. These buyers represented 8.9% of all housing spending. Asian shoppers are particularly interested in California homes, the study said.


Sandra Miller of Engel & Volkers, a broker who specializes in international buyers and luxury properties, said that "the money is really coming from everywhere."


While her office is dealing with an onslaught of Italians, buyers are coming from London and Germany. Chinese buyers are snapping up homes in the $1-million to $5-million range for their children, she said, but not ultra-luxurious estates.


"The very, very large sales last year were done with Russian money," Miller said.


DataQuick's Karevoll cautioned that the boom at the luxury level doesn't automatically translate to continued sales and price improvement for all homes.


"As a bellwether for a market as a whole, however, it is really hard to read what it means," he said. "The broader market and what we call the 'prestige' market — homes from about $2 million to $3 million and up — seem to dance to two different tunes."


In Manhattan Beach, most homes are priced at more than $1 million, said Fratello, who is also a housing market blogger at MB Confidential. "The days of little cottages for under $1 million are mostly behind us."


A low supply of homes for sale kept a lid on sales in the sought-after beach community, Fratello added. Bidding wars returned.


"With another 10% in sales our volume would have matched all the bubble years," he said, referring to 2004 to 2006.


A tear-down in the so-called Tree Section of Manhattan Beach drew 20 offers in March, selling for $1.352 million — $250,000 above the asking price. A 2,600-square-foot Midcentury-style house in need of work in the same block attracted 15 bidders. Listed at $1.6 million, it sold for $1.88 million.


"Everybody is shaking their heads," Fratello said. "This is crazy."


Cash buyers accounted for a record 7,791 of the million-dollar home sales, up from 5,802 in 2011. Many of those presumably are investors looking for better places to put their money than the stock market or other investments.


The most expensive transaction to appear in public records was the $117.5-million sale of an 8,930-square-foot mansion on nine acres in the Northern California community of Woodside.


Among top sales in the Los Angeles area was billionaire Larry Ellison's purchase of a three-structure compound in Malibu for $36.9 million. "American Idol" host Ryan Seacrest paid $36.5 million for talk show host Ellen DeGeneres' three-property spread in Beverly Hills, and the family of the late philanthropist Max Palevsky sold his Malibu mansion for $36.5 million just before the end of last year.


Almost all home sales were in $1-million-plus territory in the communities of Ross in Marin County; San Marino and Santa Monica in Los Angeles County; Los Altos in Santa Clara County; Atherton and Hillsborough in San Mateo County; and Rancho Santa Fe in San Diego County.


lauren.beale@latimes.com





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Are Weak Wii U Sales a Bellwether of Shifting Game Demographics?






Nintendo expects to sell fewer Wii U and 3DS units than originally claimed, according to reports this morning. The company says it sold three million Wii U units through December, but slashed its forecast of 5.5 million Wii U units sold by the end of March to just four million in all. On the Wii U software side, Nintendo is now forecasting 16 million units in the same timeframe, a number that’s down by roughly a third from original expectations.


The 3DS takes a similar hit in the standings: down from 17.5 million units predicted through March to just 15 million units and a commensurate drop in 3DS software sales.






(MORE: Apple to Sell 128GB iPad Starting Next Tuesday)


You can look at this any number of ways. From a numbers standpoint, there’s no doubt that the Wii U lags behind its predecessor in raw sales when you contrast launch windows. But the Wii arrived at just the right time: It was the world’s first fully motion-control-driven game system — a system that went on to capture the imaginations of consumers who’d never really engaged with a game console before. Whatever you thought of the Wii, however much you actually played it in the years that followed, it did more to popularize gaming as a mainstream pastime than any gaming-related device in history.


The Wii U, by contrast, is an evolutionary step forward designed to appeal more to traditional gamers. Though even lacking the Wii’s novelty, the Wii U GamePad is a far more intrepid technological concoction than, say, either Microsoft or Sony’s imitative motion-control approaches. And suggestions that Nintendo’s just mining Apple territory with the Wii U’s tablet-style controller seem shortsighted: With its two-screen dynamic and hybrid haptic/deterministic controls, the Wii U GamePad couldn’t be less like an iPad. Or, put another way, the Wii U is as much a riff on the iPad as the iPad is just a riff on Nintendo’s original dual-screen DS — a handheld that predated Apple’s tablet by six years.


Another explanation for the Wii U’s slow start could be pricing. The Wii U hardly seems a bargain by Nintendo’s own standards. The GameCube sold for $ 200 at rollout in 2001 (no pack-in), while the Wii cost $ 250 at launch and included a game. The Wii U, by comparison, starts at $ 300 for the stripped down model sans game, then jumps $ 50 if you want a decent amount of storage and something to play — a pack-in (Nintendoland) that frankly lacks the distinctive “so that’s what all the hype’s about” flair of Wii Sports.


But let’s cut to the chase: Whither mobile gaming? Isn’t the Wii U’s sluggish start because, well, hello smartphones and tablets? Not so fast: The data we have on this is inconclusive and potentially misleading.


According to NPD research, of the roughly 212 million people playing games in the United States last year, mobile gamers only slightly outranked core gamers. The number of core gamers shrank slightly in 2012 (NPD attributes this in part to the extra-long life cycle of the current consoles) while the number of mobile gamers was up a tick, it’s true. But how many people bought a Wii U because they needed a phone? An Xbox 360 to sync with their computer’s day-planner? Conversely, how many people bought a smartphone or tablet because all they wanted was to play games like Angry Birds or Temple Run 2?


(MORE: Nintendo Wii U Review: A Tale of Two Screens)


How many mobile gamers are buying souped up phones or tablets just to play games, in other words? Anyone? Or is the mobile gaming angle more of a perk, like the Philips head or mini-scissors in a Swiss Army Knife?


I’m not saying mobile gaming isn’t big — because it is. But just as sales of a game like Wii Sports were deceptively high because you couldn’t not buy it when picking up a Wii, talking about the prevalence of mobile gaming in a pre-fab market gets tricky. Is playing games on phones or tablets siphoning gamers from PCs and consoles? It’s impossible to say at this point because we lack the data.


Nintendo can’t be all things to all people any more than Apple’s been to gamers with its iPhone or iPad. If I want to play a game like Ni No Kuni or Guild Wars 2 or Devil May Cry, I wouldn’t look to my smartphone or tablet. Likewise, I have no interest in playing stuff like Angry Birds or Fruit Ninja or Cut the Rope – the same old increasingly tiresome mobile top-sellers for years — on a console or PC. I don’t want to sell the mobile/tablet gaming market short, not with titles like Battle of the Bulge and Radiant Defense or others like Space Hulk, Shadowrun Returns and Warhammer Quest on the horizon, but concluding that the Wii U or 3DS’s slightly-lower-than-expected sales can be attributed to a shift in gamer tastes — from core to mobile/tablet gaming — oversimplifies things in my view.


What we may be looking at in these reduced Nintendo sales numbers — and what I’d expect to continue to see with the launch of new systems from Microsoft and Sony — is segmentation of a market that experienced a kind of cross-demographic boom in the mid-to-late 2000s. Before iPhones and iPads, casual gamers had the PC. The Wii was essentially a way to bring that sort of gamer into the living room. But we’d be torturing indulgence to claim the shift that occurred after 2006 was tantamount to a conversion. Casual gamers, if you’ll pardon that label, are by definition uncommitted gamers. And with buyers already spending considerably more for something like the iPad (and considerably less on that platform for games), would it be such a surprise to find a much pickier audience for a system like the Wii U in 2013 than existed in 2006?


I have no idea what sorts of devices the kind of more core-oriented games I like to play are going to live on a decade from now. All it’d take, for instance, is for Apple to flip a few switches and double down on gaming to shake up the market in ways that could make what happened with the Wii seem tame. But that won’t mean the demise of traditional gamers any more than the rise of touchscreens entails the downfall of deterministic interfaces like keyboards, mice and gamepads. Core gamers aren’t this tiny minority on the verge of extinction, after all.


Far from it, in fact: Revenue contributions from core gamers still outpace all others, reports NPD, which calls the core gaming demographic “vital to the future of the industry.” From a financial standpoint, in other words, whatever the reasons for the Wii U’s lower-than-expected sales, the ball remains clearly in core gaming’s court.


MORE: Murfie Converts Your CDs into a Lossless Online Library, Lets You Sell and Trade Your Music


Gaming News Headlines – Yahoo! News





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Despite previous beating, Rihanna back with Chris Brown






NEW YORK (Reuters) – It’s official: R&B diva Rihanna says she is back together with Chris Brown, who is still on probation for assaulting her in 2009, saying “It’s different now.”


“I decided it was more important for me to be happy,” Rihanna told Rolling Stone magazine in an interview published on Wednesday on its website.






“I wasn’t going to let anybody’s opinion get in the way of that. Even if it’s a mistake, it’s my mistake,” she said of her renewed romance with singer Brown, 23, that has prompted consternation from fans and celebrity media because of their history.


“After being tormented for so many years, being angry and dark, I’d rather just live my truth and take the backlash,” said Rihanna, 24, adding, “I can handle it.”


The couple’s reconciliation had been rumored for months, even before the pair unveiled a duet, “Nobody’s Business,” in November. That track was included on Rihanna’s latest album “Unapologetic.”


Brown pleaded guilty in 2009 to beating and punching Rihanna. He was sentenced to community service, anger management classes, given a restraining order and is still on probation.


The Barbadian singer told Oprah Winfrey in an emotional interview in August that she and Brown now had a “very close friendship,” and that she still loved him.


“When you add up the pieces from the outside, it’s not the cutest puzzle in the world,” Rihanna admitted to Rolling Stone, which hits newsstands this week with her gracing the cover above the headline, “Rihanna Crazy In Love.”


“You see us walking somewhere … and you think you know. But it’s different now. We don’t have those types of arguments anymore. We talk,” she said. “We value each other.”


But she noted that Brown is on probation with her as well, saying, “He doesn’t have the luxury of (messing) up again.”


“That’s just not an option … And I wouldn’t have gone this far if I ever thought that was a possibility.”


The interview was published three days after Brown’s latest dustup, which involved fellow musician Frank Ocean, over a parking space at a West Hollywood recording studio. Ocean has said he wants Brown prosecuted following the Sunday brawl.


In 2012 Rihanna was rated by Time and Forbes magazines as among the world’s and celebrity arena’s most powerful people.


(Reporting by Chris Michaud; Editing by Jill Serjeant and Philip Barbara)


Celebrity News Headlines – Yahoo! News





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Illness Walks the Runway





A top fashion designer quarantines a sneezing underling, forcing her to work in a closet. An industry P.R. executive makes colleagues douse their hands with Purell. Germ-phobic magazine editors are powerblasting offices with antiseptic wipes and Lysol.




Such is the dread gripping the fashion world as it prepares for New York Fashion Week, beginning Feb. 7, with a killer flu and a stomach-bug norovirus on the loose.


The eight-day event, when fashionistas from around the world pack into small spaces to attend runway shows and parties — only to cram onto the same flights and repeat the process in London, Milan and Paris — is always an occasion for sickness paranoia. In past years, sniffles in the front row could prompt icy stares and social ostracism.


But with this season’s flu panic, the fear is approaching hysteria. Stressed-out designers recoil in horror if someone coughs within earshot. Frail models shiver their way between fittings, terrified someone will spy their runny noses. And frenemies everywhere are reconsidering the wisdom of the double-cheek kiss, the standard greeting of the global fashion tribe. Air kissing seems safe for now.


“This will be the season where everyone in fashion becomes mysteriously nonaffectionate,” said Laura Brown, executive editor of Harper’s Bazaar. Staff members in her West 57th Street offices, she added, have been scouring doorknobs with sanitizing wipes. “We can give a nudge and a wink instead.”


To be fair, much of the paranoia is founded. According to the Centers for Disease Control and Prevention, deaths from the current flu season reached “epidemic” levels, in part because of an unusually severe flu strain. Adding to the flulike epidemic is a surging new strain of norovirus, which can cause sudden diarrhea and projectile vomiting, and the worst whooping cough outbreak in 60 years.


And while there is some evidence that the flu season has peaked almost everywhere in the country, except for the West Coast, flu activity continued to be high in New York through the week ending Jan. 19, as tracked by the C.D.C., and on the rise in parts of Europe including Italy. (Milan hosts a fashion week starting Feb. 20.)


Norovirus also seems to be surging abroad; it has reached epidemic levels in France, according to the latest report from the country’s doctor network RĂ©seau Sentinelles, with more than one million French people visiting doctors for it in the past five weeks.


Yet even as flu season appears to be ebbing in New York, it remains a worry inside the fashion bubble. With sleep-deprived colleagues huddled in close quarters day and night, things can go viral quickly, especially in the petri dish that is Fashion Week.


“Fashion people are at risk for a variety of viral syndromes because they work long hours and they move in a pack,” said Dr. Robert Glatter, known in fashion circles for making house (or studio) calls.


Dr. Barry Cohen, whose primary-care office on Spring Street faces Marc Jacobs’s studios, says he has been bombarded with rheumy-eyed industry divas begging for quick fixes. “Fashion people touch each other all day, so they get exposed over and over,” he said.


And when the pack is moving fast and furious, it can’t slow down for the weak. “Fashion Week season is a nonstop assault on the immune system,” said Derek Blasberg, an editor at large for Harper’s Bazaar. “Early shows, late dinners, crammed into tents and airplanes: you don’t want to sit next to anyone coughing, because if you get sick, you’re screwed.”


The viral assault does not end with New York. “By the time we finish the New York shows, we’re already a wreck, because New York simply has too many shows,” said Mickey Boardman, editorial director of Paper magazine. “Then you get on a plane and hit the ground running in London, where there’s always fun parties. You’re eating French fries for dinner and drinking Cokes from your minibar, and your sleep patterns are messed up.”


“You’re putting your life at risk,” he added.


WHILE KEEPING THE WORLD trendy has its hazards, fashionistas have developed stylish tactics to avoid getting the bug. Many have dutifully gotten their flu shots. (It’s not too late, though it takes about two weeks to build up immunity — just in time for London Fashion Week.)


Others follow variations of what could be called the standard fashion-world starvation diet, whether it’s drinking large quantities of SmartWater fortified with packets of the vitamin supplement Emergen-C, or force-feeding themselves nothing but raw greens, like koalas munching eucalyptus leaves. Dr. Glatter says he has even treated some fashion people for diarrhea from eating too much kale.


Then there are the juicers. The designer Cynthia Rowley swears by Juice Press, the three-year-old Manhattan chain popular with fashion insiders for its 17-ounce $10 bottles of cold-pressed fruits and vegetables. “I’m addicted,” said Ms. Rowley, who added that she chugged the stuff with staff members when they were not taking spin classes en masse at SoulCycle.


“Nobody’s sick at my office,” she bragged dangerously. “We work in one room, so if one person drops, they take down the whole team.”


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