Jewel parent says sale talks proceeding













 


Exterior of Jewel-Osco's first "Green Store" located at 370 N. Desplaines in Chicago.
(Antonio Perez / November 29, 2012)





















































Supervalu, the Minneapolis-based parent of Jewel-Osco said sale talks are proceeding after stock closed down more than 18 percent Thursday, to $2.28.

The beleaguered grocery chain was likely moving to combat reports that sale talks with suitor Cerberus Capital Management had stalled over funding.

"The company continues to be in active discussion with several parties," according to the statement. "There can be no assurance that this process will result in any transaction or any change in the Company's overall structure or its business model."

Supervalu, the third-largest U.S. grocery chain, has acknowledged sale talks since the spring. The company has been closing stores and cutting jobs as it has underperformed competitors like Dominick's parent Safeway and Kroger.

If Supervalu does not sell to Cerberus, it may have to restructure on its own or sell off individual assets, which could have big tax consequences, Bloomberg said.

Reuters reported last month that buyout firm Cerberus was preparing a takeover bid for Supervalu, the third-largest U.S. supermarket chain.

Cerberus officials could not be reached immediately for comment.

-- Reuters contributed to this report

In addition to Jewel, Supervalu owns Albertsons, Cub and other regional grocery chains.

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Staged plane crash makes the morning news









As its helicopter hovered above the scene, WGN-Channel 9 broke in with the news this morning that an airplane had crashed onto Martin Luther King Drive on the South Side, breaking off a wing that had skidded down the road and hit a car.

But three minutes later, the station reported back that the crash was actually a scene being shot for the TV series "Chicago Fire."

"We are just getting word that this is being shot as part of a TV show," anchor Larry Potash told viewers.

"Are you kidding me?" said anchor Robin Baumgarten. "They might want to tell the news folks that they're doing this and shutting down King Drive. Are you kidding me? Are you kidding me? 29th and King Drive, it's OK. It's all for a TV show, even though you see that plane in the road."

Police and fire officials report that other stations also called them about what looked like a major story unfolding at King and 29th Street, though Channel 9 apparently was the only one to go with the story around 8 a.m.

Jennifer Graves, vice president and news director of ABC-Channel 7, said the station's assignment desk heard about the "crash" between 7:30 a.m. and 8 a.m. She said the station’s helicopter arrived on the scene a few minutes before 8 a.m.

“Within five minutes of getting our helicopter there, we confirmed with the fire department that it wasn’t a real crash scene,” she said.

The Fire Department tweeted this alert after Channel 9 aired the story: "Chicago TV News is reporting a plane down at. . .King Drive this is a filming for the NBC show Chicago Fire and is a simulation disregard"

Larry Langford, a spokesman for the Chicago Fire Department, said information about the staged plane accident was not widely distributed. "It looks like it didn't get filtered down to everybody." Even some patrol officers could be heard on scanners this morning asking their supervisors about a plane crash.

Rich Moskal, director of the Chicago Film Office, said the local community was notified of the fake crash.

"To be honest, 'Chicago Fire' is out on the street filming nearly every day and we didn’t see this any differently than the standard filming," he said. "The local community was notified so there weren’t any surprises there. We notify residents by knocking on doors, leaflets, talking to people directly in the community who live within the close proximity to the filming area.”

Langford said steps will be taken to improve communications. "In the future, I'm asking my people to let me know so I can let the media know. News desks need to know," Langford said. "I'm sure from the helicopter it looked like it was real."

Footage from Channel 9's helicopter showed a white single-engine plane buckled in the middle of King Drive, its left wing hundreds of yards away at the side of the road. It was surrounded by police cars and an ambulance. Several cars appeared to have been hit by the plane.

The station had been alerted by dozens of callers and quickly swung its helicopter over the scene as it made repeated calls to fire officials. Potash and Baumgarten reported what they could see from the helicopter's skycam, at one point noting the lack of ambulances and urgency.

Within a few minutes, the anchors reported that the crash was not real and used the episode as a running joke during the rest of the show.

"So really, it's a good news story, which is what the people are always looking for," Potash said. At another point, he observed, "It's for a show that nobody watches on NBC."

Later, when Baumgarten switched to traffic reporter Erin McElroy, she added: "Erin, King Drive might be blocked near 29th, but it's OK."

WGN-TV is owned by Tribune Co., which is also parent company of the Chicago Tribune.

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Study: DVRs now in half of US pay-TV homes












NEW YORK (AP) — A new survey finds that digital video recorders are now in more than half of all U.S. homes that subscribe to cable or satellite TV services.


Leichtman Research Group‘s survey of 1,300 households found that 52 percent of the ones that have pay-TV service also have a DVR. That translates to about 45 percent of all households and is up from 13.5 percent of all households surveyed five years ago by another firm, Nielsen.












The first DVRs came out in 1999, from TiVo Inc. and ReplayTV. Later, they were built into cable set-top boxes. The latest trend is “whole-home” DVRs that can distribute recorded shows to several sets.


Even with the spread of DVRs, live TV rules. Nielsen found last year that DVRs accounted for 8 percent of TV watching.


Gadgets News Headlines – Yahoo! News


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Emmy Awards date announced by CBS












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Hockey Coaches Defy Doctors on Concussions, Study Finds





Despite several years of intensive research, coverage and discussion about the dangers of concussions, the idea of playing through head injuries is so deeply rooted in hockey culture that two university teams kept concussed players on the ice even though they were taking part in a major concussion study.




The study, which will be published Friday in a series of articles in the journal Neurosurgical Focus, was conducted during the 2011-12 hockey season by researchers from the University of Western Ontario, the University of Montreal, Harvard and other institutions.


“This culture is entrenched at all levels of hockey, from peewee to university,” said Dr. Paul S. Echlin, a concussion specialist and researcher in Burlington, Ontario, and the lead author of the study. “Concussion is a significant public health issue that requires a generational shift. As with smoking or seat belts, it doesn’t just happen overnight — it takes a massive effort and collective movement.”


The study is believed to be among the most comprehensive analyses of concussions in hockey, which has a rate of head trauma approaching that of football. Researchers followed two Canadian university teams — a men’s team and a women’s team — and scanned every player’s brain before and after the season. Players who sustained head injuries also received scans at three intervals after the injuries, with researchers using advanced magnetic resonance imaging techniques.


The teams were not named in the study, in which an independent specialist physician was present at each game and was empowered to pull any player off the ice for examination if a potential concussion was observed.


The men’s team, with 25 players and an average age of 22, played a 28-game regular season and a 3-game postseason. The women’s team, with 20 players and an average age of 20, played 24 regular-season games and no playoff games. Over the course of the season, there were five observed or self-reported concussions on the men’s team and six on the women’s team.


Researchers noted several instances of coaches, trainers and players avoiding examinations, ignoring medical advice or otherwise obstructing the study, even though the players had signed consent forms to participate and university ethics officials had given institutional consent.


“Unless something is broken, I want them out playing,” one coach said, according to the study.


In one incident, a neurologist observing the men’s team pulled a defenseman during the first period of a game after the player took two hits and was skating slowly. During the intermission the player reported dizziness and was advised to sit out, but the coach suggested he play the second period and “skate it off.” The defenseman stumbled through the rest of the game.


“At the end of the third period, I spoke with the player and the trainer and said that he should not play until he was formally evaluated and underwent the formal return-to-play protocol,” the neurologist said, as reported in the study. “I was dismayed to see that he played the next evening.”


After the team returned from its trip, the neurologist questioned the trainer about overruling his advice and placing the defenseman at risk.


“The trainer responded that he and the player did not understand the decision and that most of the team did not trust the neurologist,” according to the study. “He requested that the physician no longer be used to cover any more games.”


In another episode, a physician observer assessed a minor concussion in a female player and recommended that she miss the next night’s game. Even though the coach’s own playing career had ended because of concussions, she overrode the medical advice and inserted the player the next evening.


According to the report, the coach refused to speak to another physician observer on the second evening. The trainer was reluctant to press the issue with the coach because, the trainer said, the coach did not want the study to interfere with the team.


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Jewel parent says sale talks proceeding













 


Exterior of Jewel-Osco's first "Green Store" located at 370 N. Desplaines in Chicago.
(Antonio Perez / November 29, 2012)





















































Supervalu, the Minneapolis-based parent of Jewel-Osco said sale talks are proceeding after stock closed down more than 18 percent Thursday, to $2.28.

The beleaguered grocery chain was likely moving to combat reports that sale talks with suitor Cerberus Capital Management had stalled over funding.

"The company continues to be in active discussion with several parties," according to the statement. "There can be no assurance that this process will result in any transaction or any change in the Company's overall structure or its business model."

Supervalu, the third-largest U.S. grocery chain, has acknowledged sale talks since the spring. The company has been closing stores and cutting jobs as it has underperformed competitors like Dominick's parent Safeway and Kroger.

If Supervalu does not sell to Cerberus, it may have to restructure on its own or sell off individual assets, which could have big tax consequences, Bloomberg said.

Reuters reported last month that buyout firm Cerberus was preparing a takeover bid for Supervalu, the third-largest U.S. supermarket chain.

Cerberus officials could not be reached immediately for comment.

-- Reuters contributed to this report

In addition to Jewel, Supervalu owns Albertsons, Cub and other regional grocery chains.

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Manager where Powerball ticket sold thinking 'Christmas bonuses'









Two lucky ticket holders — one in Arizona and another in Missouri — are waking up Thursday to new lives as multimillionaires after the largest Powerball jackpot drawing ever.


Powerball officials said two tickets matched all six numbers to win the record $587.5 million jackpot. The numbers drawn for Wednesday night, for the second-highest jackpot in U.S. lottery history, are 5, 16, 22, 23, 29. The Powerball is 6.


It was not clear whether the winning tickets belonged to individuals or were purchased by groups.











One of the winning tickets was sold at a Trex Mart convenience store in Dearborn, Mo., about 35 miles north of Kansas City, the state lottery commission said in a news release.


Earlier Thursday, Missouri Lottery spokesman Gary Gonder said he was on his way to that store to assist with the expected onslaught of media attention. That store will be awarded $50,000 for selling the winning ticket.


"I guess we'll be able to give out Christmas bonuses," said Trex Mart General Manager Kenny Gilbert. "That's nice, especially at this time of year."


It did not appear Wednesday's big winner had yet come forward.


"If you buy Powerball tickets at this location, please find them and check them closely," said May Scheve Reardon, executive director of the Missouri Lottery. "If you find you're holding the winning ticket, be sure you sign the back and put it in a safe place until you can take it to a Missouri Lottery office. You will also want to get some legal and financial advice before you claim."


The winner has 180 days to claim their share in the prize money.


Arizona lottery officials said early Thursday they had no information on the Grand Canyon State's winner or winners, but they planned to announce Thursday morning where the ticket was sold.


Americans went on a ticket-buying spree in the run-up to Wednesday's drawing, the big money enticing many people who rarely, if ever, play the lottery to purchase a shot at the second-largest payout in U.S. history.


Tickets sold at a rate of 130,000 a minute nationwide — about six times the volume from a week ago. That pushed the jackpot even higher, said Chuck Strutt, executive director of the Multi-State Lottery Association. The jackpot rolled over 16 consecutive times without a winner.


Iowa Lottery spokeswoman Mary Neumauer said the jackpot was estimated at $587.5 million by early Thursday, adjusted slightly upward from the $579.9 million estimate at the time of the drawing. The cash payout was $384.7 million.


In a Mega Millions drawing in March, three ticket buyers shared a $656 million jackpot. This remains the largest lottery payout of all time.





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Video Games: Art-Tested, MoMA-Approved












Citing a palpable “aesthetic experience” in classic games while eschewing others, the Museum of Modern Art announced Thursday that it has assembled a new collection of video games. The museum’s initial collection includes 14 classics like Pac-Man and Tetris, but also more recent additions to the canon like Passage and Canabalt. The museum has a “wish list” of about 40 total games, which include Pong, The Legend of Zelda, and Minecraft. The games will be exhibited starting in March 2013, but the selections aren’t necessarily what you’d expect.


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Video games are art. That’s a fact (which has some notable dissenters) that’s even been determined by the Supreme Court in a a case decided in 2011. And games have been embraced by art institutions before. In an exhibition this year, the Smithsonian American Art Museum explored The Art of Video Games. But in a blog post today, Paola Antonelli, senior curator in MoMA‘s department of design, explained that the museum’s intention is not as simple as evaluating the artistic value of certain video games. They want to look at games from a design perspective: “Our criteria, therefore, emphasize not only the visual quality and aesthetic experience of each game, but also the many other aspects—from the elegance of the code to the design of the player’s behavior—that pertain to interaction design.” 


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Because the museum is looking for specific design traits, Antonielli explained that MoMA has not acquired, and is not looking for, some games that might seem like “no-brainers to video game historian.”


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Here are some images of the games MoMA has acquired, via the museum: 


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Tetris


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12783  0995a814f87e59556cb6feede53b0c44 600x450 Video Games: Art Tested, MoMA Approved


flOw


12783  99680aac2e39a439f2df534771d52752 600x300 Video Games: Art Tested, MoMA Approved


Myst


 Video Games: Art Tested, MoMA Approved


Gaming News Headlines – Yahoo! News


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Russian court bans “extremist” Pussy Riot video












MOSCOW (Reuters) – A Russian court ruled on Thursday that video footage of the Pussy Riot punk group protesting against President Vladimir Putin in a church was “extremist” and should be removed from websites.


The demonstration last February offended many Russian Orthodox Christians. But Putin has been criticized by U.S. and European leaders over what they saw as disproportionate jail sentences imposed on three Pussy Riot members. Their trial was also seen by Putin’s critics as part of a clampdown on dissent.












The Moscow court said it had based its ruling on conclusions by a panel of experts who studied the video, showing band members in colorful mini-skirts and ski masks dancing in front of the altar of Moscow’s main Russian Orthodox cathedral.


Judge Marina Musimovich said the footage “has elements of extremism; in particular there are words and actions which humiliate various social groups based on their religion”. She said it also had calls for mutiny and “mass disorder”.


The verdict said that free distribution of the video could ignite racial and religious hatred.


The court’s ruling applies to other videos released by the band, including a performance in Moscow’s Red Square, where calls for mass disorder could be heard. Such calls were not made inside the church.


The websites are now likely to be included in a state register and could be blocked if the banned content is not removed.


The Russian communications regulator Roskomnadzor said that once the court decision takes effect it will monitor how it is implemented.


Three members of Pussy Riot convicted in August of hooliganism motivated by religious hatred for their “punk prayer”, which the Russian Orthodox Church has cast as part of a concerted attack on the church and the faithful.


The women said the protest, in which they burst into Christ the Saviour Cathedral and called on the Virgin Mary to rid Russia of Putin, was not motivated by hatred and was meant to mock the church leadership’s support for the longtime leader.


Band members Nadezhda Tolokonnikova and Maria Alyokhina are serving two-year jail sentences over the protest last February. A third member, Yekaterina Samutsevich, walked free last month when her sentence was suspended on appeal.


“To me this is a clear attribute of censorship – censorship of art and censorship of culture, of the protest culture which is very important for any country, let alone for Russia,” Samutsevich told reporters outside court.


“Now of course the fact that they will be blocking all Pussy Riot videos as I understand, all photos – this is horrible. Naturally, I will lodge an appeal and I will try to do it today,” she added.


Putin, a former KGB officer who has cultivated close ties with the Orthodox church over 13 years in power, has rebuffed Western criticism about the prison terms meted out.


(Additional reporting Valery Stepchenkov; Editing by Mark Heinrich)


Music News Headlines – Yahoo! News


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Cost of Brand-Name Prescription Medicines Soaring





The price of brand-name prescription medicines is rising far faster than the inflation rate, while the price of generic drugs has plummeted, creating the largest gap so far between the two, according to a report published Wednesday by the pharmacy benefits manager Express Scripts.




The report tracked an index of commonly used drugs and found that the price of brand-name medicines increased more than 13 percent from September 2011 to this September, which it said was more than six times the overall price inflation of consumer goods. Generic drug prices dipped by nearly 22 percent.


The drop in the price of generics “represents low-hanging fruit for the country to save money on health care,” said Dr. Steve Miller, the chief medical officer of Express Scripts, which manages the drug benefits for employers and insurers and also runs a mail-order pharmacy.


The report was based on a random sample of six million Express Scripts members with prescription drug coverage.


The Pharmaceutical Research and Manufacturers of America, the trade group representing brand-name manufacturers, criticized the report, saying it was skewed by a handful of high-priced specialty drugs that are used by a small number of patients and overlooked the crucial role of major drug makers.


“Without the development of new medicines by innovator companies, there would be neither the new treatments essential to progress against diseases nor generic copies,” Josephine Martin, executive vice president of the group, said in a statement.


The report cited the growth of specialty drugs, which treat diseases like cancer and multiple sclerosis, as a major reason for the increase in spending on branded drugs. Spending on specialty medicines increased nearly 23 percent during the first three quarters of 2012, compared with the same period in 2011. All but one of the new medicines approved in the third quarter of this year were specialty drugs, the report found, and many of them were approved to treat advanced cancers only when other drugs had failed.


Stephen W. Schondelmeyer, a professor of pharmaceutical economics at the University of Minnesota, said the potential benefits of many new drugs did not always match the lofty price tags. “Increasingly it’s going to be difficult for drug-benefit programs to make decisions about coverage and payment and which drugs to include,” said Mr. Schondelmeyer, who conducts a similar price report for AARP. He also helps manage the drug benefit program for the University of Minnesota.


“We’re going to be faced with the issue that any drug at any price will not be sustainable.”


Spending on traditional medicines — which treat common ailments like high cholesterol and blood pressure — actually declined by 0.6 percent during the period, the report found. That decline was mainly because of the patent expiration of several blockbuster drugs, like Lipitor and Plavix, which opened the market for generic competitors. But even as the entry of generic alternatives pushed down spending, drug companies continued to raise prices on their branded products, in part to squeeze as much revenue as possible out of an ever-shrinking portfolio, Dr. Miller said.


Drug makers are also being pushed by companies like Express Scripts and health insurers, which are increasingly looking for ways to cut costs, said C. Anthony Butler, a pharmaceuticals analyst at Barclays. “I think they’re pricing where they can but what they keep telling me is they’re under significant pressure” to keep prices low, he said.


Express Scripts earns higher profits from greater use of generic medicines than brand name drugs sold through their mail-order pharmacy, Mr. Butler said. “There’s no question that they would love for everybody to be on a generic,” he said.


Dr. Miller acknowledged that was true but said that ultimately, everyone wins. “When we save people money, that’s when we make money,” he said. “We don’t shy away from that.”


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