Apple shares fall on reports of cuts to iPhone parts orders

(Reuters) – Shares in Apple Inc dipped below $ 500 for the first time in almost one year after reports it is slashing orders for screens and other components from its Asian supplier as intensifying competition erodes demand for its latest iPhone.

Japan‘s Nikkei reported on Monday that the world’s largest technology corporation began sharply reducing buying of liquid crystal displays about a month ago from suppliers like Japan Display Inc and Sharp Corp.

Sharp’s stock dipped as much as 7 percent in early trading on Tuesday and shares in South Korean Apple suppliers such as LG Display also fell.

“We can’t comment on individual clients,” said Miyuki Nakayama, a spokeswoman for Sharp, which builds iPhone 5 screens at its Kameyama plant in central Japan. Japan Display, a state-run business formed from the small LCD units of Sony Corp, Toshiba Corp and Hitachi Ltd also declined to discuss its orders.

The Nikkei report, later matched by the Wall Street Journal, comes as hard-charging rivals like Samsung Electronics, which makes phones based on Google Inc’s popular Android software, continue to expand market share globally.

Apple stock slid more than 4 percent to an intraday low of $ 498.51 — a level not seen since February 16, 2012 — before bouncing back to trade just above $ 500 at midday. The news also hurt shares of suppliers such as Cirrus Logic Inc, which dived 9 percent.

Some analysts argued that Apple and its manufacturing partners had struggled with quality issues that might have curtailed production times.

Dogged by low production yields, Sharp last year fell behind schedule for iPhone 5 screen shipments in the run-up to the phone’s launch in September. Sharp has yet to acknowledge that Apple is a customer.

“Our checks with supply chain contacts close to the situation identified a very different cause: a slower ramp in the manufacturing of iPhones and iPads (reflecting some quality control issues) and insufficient production lines,” said JoAnne Feeney of Longbow Research.

“Rather than ordering more components and having inventory build up further, Apple put component suppliers on notice to hold off, for the time being, on further shipments until it expanded its production lines – which it plans to complete by the end of the quarter.”

By some estimates, the holiday quarter may have been the worst for U.S. retailers since the 2008 financial crisis, with sales growth far below expectations. Other data yields a more mixed picture of holiday season demand.

Apple was not immediately available for comment. No one at Sharp was immediately available to comment on Monday – a national holiday in Japan – and parts suppliers to Apple in Taiwan declined to comment.

CUTBACKS

Apple has asked Japan Display, Sharp and LG Display Co Ltd to roughly halve supplies of LCD panels from an initial plan for about 65 million screens in January-March, the Nikkei cited people familiar with the situation as saying.

Japan Display’s plant in southwest Japan, where Apple has invested heavily, is expected to temporarily reduce output by up to 80 percent from October-December levels, the Nikkei reported, while Sharp’s dedicated facility for iPhone 5 LCDs will trim production in January-February by about 40 percent.

The move, if confirmed, would tally with analysts saying that sales of the new iPhone 5, which was released in September, have not been as strong as anticipated.

Apple has lost ground gradually to South Korean rival Samsung, as well as smaller, fast-growing rivals such as China’s Huawei Technologies Co Ltd and ZTE Corp.

Samsung overtook Apple in 2012 to become the world’s biggest seller of smartphones, helped in part by the popularity of its Galaxy Note II phone-cum-tablet and a vastly wider range of low- to high-end devices that appeal to a broad swath of consumers. Apple rolled out a single new smartphone last year.

Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the January-March quarter on December 14, saying that the technology company had started cutting orders to suppliers to balance excess inventory.

Apple also cut its orders for memory chips for its new iPhone from its main supplier and competitor Samsung, Reuters reported in September, quoting sources with direct knowledge of the matter.

The company has been cutting back its orders from Samsung as it seeks to diversify its memory chip supply lines.

Samsung said on Monday that global sales of its flagship Galaxy S smartphones had topped 100 million since the first model was launched in May 2010. The Galaxy S3, launched last May, sold more than 40 million in seven months.

The Galaxy S IV is expected within months and may sport an unbreakable screen, full high-definition quality resolution of 440 pixels per inch, and a more powerful processor.

It’s expected to increase its smartphone sales by more than a third this year and widen its lead over Apple, according to researcher Strategy Analytics. It forecast Samsung will sell 290 million smartphones in 2013 versus iPhone sales of 180 million.

Kim Sung-in, an analyst at Kiwoom Securities in Seoul, sees Samsung shipping 320 million smartphones this year and doubling sales of its tablets to 32 million.

(Reporting by Tokyo bureau, Avik Das and Sayantani Ghosh in Bangalore, Clare Jim in Taipei and Tim Kelly in Tokyo; Editing by Supriya Kurane, Andrew Hay and Alex Richardson)

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Disney drops “Little Mermaid” re-release as 3D sales disappoint

(Reuters) – Walt Disney canceled plans for a 3D version of its 1989 animated hit “The Little Mermaid” after disappointing re-releases of “Monsters, Inc” and “Beauty and the Beast” in the format.

The film was the last of four releases for which Disney announced plans to convert some of its animated films after “The Lion King” generated domestic ticket sales of $ 94 million in 2011. “Monsters, Inc, its most recent film converted to 3D, had domestic ticket sales of only $ 30.6 million, according to the site Box Office Mojo.

Disney began 3D conversion of the underwater animated film in November, animated studio chief John Lasseter, said in interviews in November. Conversion of existing films to 3D are considered generally inexpensive and are viewed by Disney as generating publicity to boost the DVD sales of older films.

Disney said will release a fifth “Pirates of the Caribbean” movie on July 10, 2015, the studio said in an email announcing its revised release schedule.

The company said it would release two of its Marvel big-budget films in 3D next year: “Captain America: The Winter Soldier” and “Guardians of the Galaxy.”

(Reporting By Ronald Grover. Editing by Andre Grenon)

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Well: Turning to the Web for a Medical Diagnosis

Thirty-five percent of American adults said they have used the Internet to diagnose a medical condition for themselves or someone else, according to a new Pew Research Center study. Women are more likely than men to turn to the Internet for diagnoses. Other groups more likely to do so are younger people, white adults, people with college degrees and those who live in households with income above $75,000.

The study, released by Pew’s Internet and American Life Project on Tuesday, points out that Americans have always tried to answer their health questions at home, but that the Internet has expanded the options for research. Previous surveys have asked questions about online diagnoses, but the Pew study was the first to focus on the topic with a nationally representative sample, said Susannah Fox, an associate director at Pew Internet. Surveyors interviewed 3,014 American adults by telephone, from August to September 2012.

Of the one in three Americans who used the Internet for a diagnosis, about a third said they did not go to a doctor to get a professional medical opinion, while 41 percent said a doctor confirmed their diagnosis. Eighteen percent said a doctor did not agree with their diagnosis. As far as where people start when researching health conditions online, 77 percent said they started at a search engine like Google, Bing or Yahoo, while 13 percent said they began at a site that specializes in health information.

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Iowa man, sister reunite thanks to boy, Facebook

DAVENPORT, Iowa (AP) — An Iowa man and his sister have reunited 65 years after being separated in foster care thanks to a 7-year-old friend’s Facebook search.

Clifford Boyson of Davenport met his sibling, Betty Billadeau, in person Saturday. Billadeau drove up from her home in Florissant, Mo., with her daughter and granddaughter for the reunion at a hotel in Davenport.

Boyson, 66, and Billadeau, 70, both tried to find each other for years without success. They were placed in different foster homes in Chicago when they were children.

Then 7-year-old Eddie Hanzelin, who is the son of Boyson‘s landlord, got involved.

Eddie managed to find Billadeau by searching his mom’s Facebook account with Billadeau’s maiden name. He recognized the family resemblance when he saw her picture.

“Oh, my God,” Boyson said when he saw and hugged Billadeau.

“You do have a sister,” Billadeau said.

“You’re about the same height Mom was,” Boyson said.

Billadeau’s daughter, Sarah Billadeau, 42, and granddaughter, Megan Billadeau, 27, both wiped away tears and smiled during the reunion.

“He didn’t have any women in his life,” Sarah said. “We’re going to get that straightened out real fast.”

Boyson said he’s looking forward to visiting Billadeau near St. Louis and meeting more family.

“I’m hoping I can go and spend a week or two,” he said. “I want to meet the whole congregation. I never knew I had a big family.”

Eddie, who enjoys messing around with his family’s iPad, said he’s glad he was able to assist in making the reunion happen and that he learned about helping others at school.

“Clifford did not have any family, and family’s important,” the boy said.

Near the end of their tearful reunion Boyson and Billadeau presented Eddie with a $ 125 check in appreciation of his detective work.

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French actor Depardieu sides with Putin, criticizes opposition

MOSCOW (Reuters) – French actor Gerard Depardieu, recently awarded Russian citizenship by President Vladimir Putin, has praised the former KGB spy and said his political opponents offer no real alternative.

Depardieu, who has been accused in France of abandoning his homeland to avoid a proposed 75 percent tax for millionaires, told the state-run Rossiya-24 television that Putin personified Russia’s complex and fascinating national character.

“I like this man very much, he is a very powerful political activist. He has political wisdom,” the 63-year-old star of “Cyrano de Bergerac” and “Green Card” said in comments aired late on Sunday, according to the channel’s Russian translation.

The translation was dubbed over the original French, which Rossiya-24 said would not immediately be made available.

Depardieu, who is also due in court to answer charges of crashing his scooter in Paris with more than three times the legal alcohol limit in his blood, said Putin had admitted to liking his “hooligan essence” when the two met in the Russian resort of Sochi last week.

Putin’s opponents accuse him of cracking down on dissent since his return to the presidency for a six-year third term last May. The European Union and the United States have also expressed concern that Moscow is rolling back democratic freedoms.

“The Russian opposition has no program, nothing. There are very smart people there, like (former world chess champion Garry) Kasparov, but what works well for chess is completely unsuited to politics,” Depardieu said.

Opposition activists were quick to react. Violetta Volkova, defense lawyer for several opposition members facing charges over anti-Putin protests, wrote sarcastically on Twitter: “Prominent political analyst Depardieu…”

Putin’s critics have failed to make inroads into his grip on power in over a year of protests sparked by accusations of widespread fraud in parliamentary elections in December 2011, and the presidential vote last March.

The protest movement has gradually lost steam, though tens of thousands of people marched through Moscow on Sunday to protest against a Kremlin-backed law that bans Americans from adopting Russian children.

After the protest, leftist opposition leader Sergei Udaltsov was quoted as inviting Depardieu to take part in the next anti-Putin rallies, given his interest in Russian politics.

Putin says he has developed a friendly personal relationship with Depardieu, a popular figure in Russia, where he has appeared in many advertising campaigns, including for ketchup.

(Reporting by Gabriela Baczynska; Editing by Kevin Liffey)

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Susan Nolen-Hoeksema, Psychologist Who Studied Depression in Women, Dies at 53

Susan Nolen-Hoeksema, a psychologist and writer whose work helped explain why women are twice as prone to depression as men and why such low moods can be so hard to shake, died on Jan. 2 in New Haven. She was 53.

Andrew Sacks

Susan Nolen-Hoeksema at the University of Michigan in 2003. Dr. Nolen-Hoeksema's research showed that women were more prone to ruminate, or dwell on the sources of problems rather than solutions, more than men.

Her death followed heart surgery to correct a congenitally weak valve, said her husband, Richard Nolen-Hoeksema.

Dr. Nolen-Hoeksema, a professor at Yale University, began studying depression in the 1980s, a time of great excitement in psychiatry and psychology. New drugs like Prozac were entering the market; novel talking therapies were proving effective, too, particularly cognitive behavior therapy, in which people learn to defuse upsetting thoughts by questioning their basis.

Her studies, first in children and later in adults, exposed one of the most deceptively upsetting of these patterns: rumination, the natural instinct to dwell on the sources of problems rather than their possible solutions. Women were more prone to ruminate than men, the studies found, and in a landmark 1987 paper she argued that this difference accounted for the two-to-one ratio of depressed women to depressed men.

She later linked rumination to a variety of mood and behavior problems, including anxiety, eating disorders and substance abuse.

“The way I think she’d put it is that, when bad things happen, women brood — they’re cerebral, which can feed into the depression,” said Martin Seligman, a professor of psychology at the University of Pennsylvania, who oversaw her doctoral work. “Men are more inclined to act, to do something, plan, beat someone up, play basketball.”

Dr. Seligman added, “She was the leading figure in sex differences in depression of her generation.”

Dr. Nolen-Hoeksema wrote several books about her research for general readers, including “Women Who Think Too Much: How to Break Free of Overthinking and Reclaim Your Life.” These books described why rumination could be so corrosive — it is deeply distracting; it tends to highlight negative memories — and how such thoughts could be alleviated.

Susan Kay Nolen was born on May 22, 1959, in Springfield, Ill., to John and Catherine Nolen. Her father ran a construction business, where her mother was the office manager; Susan was the eldest of three children.

She entered Illinois State University before transferring to Yale. She graduated summa cum laude in 1982 with a degree in psychology.

After earning a Ph.D. in psychology at the University of Pennsylvania, she joined the faculty at Stanford. She later moved to the University of Michigan, before returning to Yale in 2004.

Along the way she published scores of studies and a popular textbook. In 2003 she became the editor of the Annual Review of Clinical Psychology, an influential journal.

Dr. Nolen-Hoeksema moved smoothly between academic work and articles and books for the general reader.

“I think part of what allowed her to move so easily between those two worlds was that she was an extremely clear thinker, and an extremely clear writer,” said Marcia K. Johnson, a psychology professor and colleague at Yale.

Dr. Nolen-Hoeksema lived in Bethany, Conn. In addition to her husband, a science writer, she is survived by a son, Michael; her brothers, Jeff and Steve; and her father, John.

“Over the past four decades women have experienced unprecedented growth in independence and opportunities,” Dr. Nolen-Hoeksema wrote in 2003, adding, “We have many reasons to be happy and confident.”

“Yet when there is any pause in our daily activities,” she continued, “many of us are flooded with worries, thoughts and emotions that swirl out of control, sucking our emotions and energy down, down, down. We are suffering from an epidemic of overthinking.”

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Some Illinois coal plants looking to clean up

BALDWIN, Ill. ——

Nowhere is coal's effect more visible than here at Illinois' largest coal-fired power plant, where the train cars are flipped upside down, tracks and all, to feed boilers the size of skyscrapers.

Once reviled as one of the dirtiest coal plants in the U.S., today the Baldwin plant is a different kind of poster child.

Last month, Houston-based Dynegy Inc. completed $1 billion in environmental upgrades at Baldwin and its three sister Illinois plants, a calculated bet that it will emerge as one of the coal plant operators left standing as rivals are clobbered by a depressed electricity market that leaves little money to add federally mandated pollution controls.

Dynegy's move, together with the closures of several coal-fired plants in and around Chicago, should add up to cleaner air for Cook County, which has consistently failed to meet federal health standards for air quality.

The pollution spewing from three massive smokestacks at Baldwin, about a five-hour drive southwest of Chicago, had plagued the city and other downwind communities for decades, contributing to the smog and soot that trigger asthma and other ailments.

"Hundreds of people in the state have died in recent years and thousands have been sickened simply because they had no choice but to breathe the pollution being pumped out by huge coal power plants. What we are starting to see now are the real health benefits of legal enforcement actions taken years ago," said Brian Urbaszewski, director of environmental health programs for the Respiratory Health Association of Metropolitan Chicago.

The closures of the coal-burning Crawford and Fisk power plants in Chicago and the State Line plant just across the border in Indiana mirror a story playing out across the country. The abundance of natural gas, a cheaper fuel than coal, has cut into profits of coal plant operators just as states and the federal government have pressed for expensive pollution upgrades.

The Brattle Group, a financial consulting firm, predicts that one-fourth of the nation's coal-fired electricity will be wiped off the map by 2016; more than 100 coal-fired generating units have been mothballed since 2009. The state's other two major coal plant owners — Ameren Corp.'s generating arm and Edison International's Midwest Generation — largely have been cast off by their parent companies because of poor financial performance. And they have pleaded with regulators for more time to meet pollution standards.

As a result of upgrades, it is more costly to operate Baldwin and Dynegy's other Illinois coal plants in Wood River, Havana and Hennepin than those of competitors. But Dynegy doesn't expect that to be a burden long term. Fewer players making electricity means surviving power plant operators will receive higher payments from grid operators that pay reservation fees for power.

"There's short-term pain until you flush the noncompliers out of the game," said Robert Flexon, Dynegy's president and chief executive.

Longer term, if coal-fired plants keep closing as Dynegy anticipates, it expects to earn $100 million more per year beginning in 2016 in so-called capacity payments from grid operators.

Cleaning up

Dynegy's decision to upgrade its plants was not altogether altruistic. The improvements stem from a 2005 settlement with the Environmental Protection Agency and the Department of Justice that set deadlines for the company to clean up its plants or close them.

The Baldwin plant, an hour's drive from St. Louis, is massive; its white smokestack plumes can be seen for miles in this flat farming area. Its fuel comes in by rail.

The cars, brimming with 120 tons of coal every 2 1/2 minutes, are flipped over, rails and all, only to return full in an eight-day loop that begins in Wyoming. The amount of coal burned every two months is enough to fill Willis Tower.

It is just the start of a laborious process that strips the coal of toxic pollutants. Truckloads of lime are shipped to the plant each day to supply the sulfur dioxide scrubbers. After the coal is burned, the resulting coal gas is piped to the building-size scrubbers, each containing 20 nozzles that spray a mixture of limestone and ash to chemically remove the sulfur dioxide.

The pollutants bind to the slurry mixture, drop to the bottom and are recycled, while the coal gas pushes through to two smaller buildings called "bag houses," essentially giant filters that catch tiny particles that would otherwise enter the air.

To avoid nitrogen oxide emissions, the coal is burned at a lower temperature.

All told, improvements since 1998 have reduced 93 percent of sulfur dioxide emissions, 85 percent of nitrogen oxide emissions and 88 percent of particulate matter emissions, according to Dynegy.

"All that's really coming out that stack now is carbon dioxide and water vapor," Dave Glosecki, Baldwin's maintenance director, told a group during a recent plant tour.

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Reddit co-founder Aaron Swartz dies from suicide

Even as an eighth-grader in Winnetka, Aaron Swartz showed signs of the computer wizardry that would lead to his Internet activism and development of software used by websites worldwide.

But the Highland Park native who had attended North Shore Country Day School in Winnetka and as a 13-year-old had created an online public encyclopedia for a school competition got into trouble as an adult.

He faced trial in April on federal charges that he had illegally downloaded millions of journal articles from the Massachusetts Institute of Technology with the intention of posting them to a file-sharing site.

The prospect of the trial was too much for him, his family said. Swartz, 26, committed suicide inside his New York apartment, authorities said Saturday.

In a statement sent through a spokesman, his family said Swartz hanged himself the day before out of worry that he faced more than 30 years in federal prison.

“Aaron’s insatiable curiosity, creativity, and brilliance; his reflexive empathy and capacity for selfless, boundless love; his refusal to accept injustice as inevitable — these gifts made the world, and our lives, far brighter,” the statement in part read.

Along with developing an early version of rich site summary, or RSS, technology, Swartz is credited with co-founding the popular Reddit website that allows users to vote for their favorite news stories of the day.

Increasingly active in efforts to make information more readily available on the Internet, he also founded Demand Progress, a lobbying group that advocates for civil liberties and government reform.

In that role, Swartz led a successful effort to stymie the Stop Online Piracy Act, a bill introduced in the U.S. House of Representatives in 2011, which sought to restrict access to websites that illegally shared copyrighted property. The bill was eventually withdrawn after widespread protests.

“He refined advocacy for the progressive and open-information movement,” said David Moon, program director for Demand Progress. “He was ultimately pretty brilliant at that.”

On Saturday, Swartz’s death spurred an outpouring of sympathy and tributes throughout social media, many of which hailed his multiple accomplishments at a young age.

Several commenters heaped scorn upon federal prosecutors in Massachusetts for indicting Swartz in 2011. He was accused of downloading millions of academic journal articles and breaking into a university closet to plug into the school’s computer network, which prompted charges of computer fraud, wire fraud and other crimes. Swartz had pleaded not guilty.

A spokeswoman for the U.S. attorney’s office in Massachusetts declined to comment, citing the family’s privacy.

Moon, who met Swartz in 2010 and last saw him about a month ago, declined to speak in detail about the circumstances surrounding his death.

“The stresses he was facing was obvious, and those who know him can attest to that,” Moon said.

Tribune wire services contributed.

Saho@tribune.com
cdrhodes@tribune.com

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Rovio has more monthly active users than Twitter

Rovio announced today it hit 263 million monthly active users in December 2012. This happened precisely three years after the first Angry Birds game debuted at the end of 2009. Incidentally, the somewhat better-known Twitter hit the 200 million monthly active user mark in December 2012. And since Twitter was launched in the summer of 2006, Rovio’s user growth has been notably brisker.

[More from BGR: Samsung cancels Windows RT plans in U.S.]

Rovio has recently been able to demonstrate it is a tad more than a flash in the pan. Angry Birds Star Wars has now remained the #1 paid iPhone app in America for 65 days. Angry Birds Space still clings to #6 slot nearly 300 days after its debut. And Bad Piggies is at #9 more than three months after the game was launched.

[More from BGR: LG reportedly halts Nexus 4 production to make way for new Nexus device]

Rovio thus holds three of the top 10 positions in the United States iPhone chart. Disney’s hottest title, the heavily promoted Where’s My Water has slumped to #24 after having a strong year in 2012. Three years in, Rovio has pulled off a remarkable fete: It’s been able to avoid boring consumers even as it saturation-bombs them with cutesy animals.

This article was originally published on BGR.com

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“Jurassic Park 4″ to arrive June 2014, Steven Spielberg to produce

LOS ANGELES (TheWrap.com) – “Jurassic Park 4″ will arrive in theaters June 13, 2014, Universal announced on Friday. Steven Spielberg won’t be directing this time around, but he is going to produce the project with Frank Marshall.

Universal has yet to pick a director for the fourth installment of the dinosaur film franchise, which it plans to shoot and release in 3D. The studio and Spielberg have converted the original film to 3D and it will be a re-released in theaters on April 5. Spielberg was very involved in the conversion according to executives at the studio, trying to ensure it merited a theatrical re-release.

The three movies have grossed close to $ 2 billion worldwide to-date with the original film alone making $ 914 million. Based on Michael Crichton’s novel and characters, the film has also spawned an amusement park ride at Universal Studios Hollywood.

Spielberg, who this week postponed his next directing job in “Robopocalypse,” directed the first two films before handing off the third to Joe Johnston. He confirmed at Comic-Con in 2011 that a writer was working on a new version, divulging little more. Giving the film a release date firms up the time table as Rick Jaffa and Amanda Silver work on the script.

“Jurassic Park 4″ will open in a summer already teeming with sequels. Universal has scheduled it one week before the next “How to Train Your Dragon” and two weeks before the next “Transformers.” Both the final “Hobbit” movie and the next “X-Men” movie are set to open in July while the next “Spider-Man” and “Planet of the Apes” films will debut in May.

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