The Lede: With Rodman Stunt, American Reality TV and North Korean Propaganda Fuse

Elements of American show business and North Korean propaganda briefly fused on Friday, when the former basketball star Dennis Rodman told reporters in Pyongyang that North Koreans “love” their new leader, Kim Jong-un. “And guess what?” the athlete turned reality TV star added, “I love him — the guy’s awesome.”

An Associated Press video report on the end of Dennis Rodman’s visit to North Korea.

Speaking with the regional knowledge of a man who seemed to believe less than 48 hours ago that the upscale Seoul neighborhood featured in the global pop hit “Gangnam Style” was not in South Korea but somewhere in the impoverished North, Mr. Rodman parted with these words of praise for the heir to the Kim dynasty: “Guess what? His grandfather and his father were great leaders.”

Unsurprisingly, the former Chicago Bull’s visit, along with three current Harlem Globetrotters and a crew from “Vice,” the HBO “news magazine series” that arranged the trip, was extensively covered on North Korean state television, which is no more averse to reporting on staged events as news than the producers of the American reality television shows Mr. Rodman now gets paid to spice up.

North Korean state television footage of Dennis Rodman and his traveling companions arriving in Pyongyang this week.

Footage of the party’s arrival in Pyongyang was broadcast on Wednesday, and Mr. Kim and Mr. Rodman’s watching an exhibition game together, before adjourning to the leader’s palace for sushi, was a featured news item on Thursday.

A news report from North Korean state television on Kim Jong-un and Dennis Rodman watching a basketball game together.

In newsrooms not owned and run by the North Korean government, though, there has been some debate about whether any of these stage-managed events could fairly be described as news.

According to the producers of “Vice,” their new television program — inspired by the “thinking man’s lad magazine” of the same name — promises to be “an honest approach to documentary journalism.” But you don’t have to be Werner Heisenberg to wonder if the fact that they orchestrated this “basketball diplomacy mission” so they could film it raises questions about whether they were observing and documenting life in North Korea as it is or bringing a new form of reality television to the isolated nation.

As readers who watched the observational documentary “Page One: A Year Inside the New York Times” might recall, the founder of Vice magazine who led its expansion into filmmaking, Shane Smith — who is featured in a promotion for the new series — explained to my colleague David Carr in 2010 that his approach was perhaps more like a form of extreme tourism than journalism. “I’m not a journalist,” he said during a particularly salty exchange. “I’m not there to report.”

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HP sells webOS operating system to LG Electronics






SAN FRANCISCO (Reuters) – Hewlett-Packard Co said on Monday it will sell the webOS operating system to South Korea’s LG Electronics Inc, unloading the smartphone software it acquired through a $ 1.2 billion acquisition of Palm in 2010.


LG will use the operating software, used in now-defunct Palm smartphones years ago, for its “smart” or Internet-connected TVs. The Asian electronics company had worked with HP on WebOS before offering to buy it outright.






Under the terms of their agreement, LG acquires the operating software’s source code, associated documentation, engineering talent, various associated websites, and licenses under HP’s intellectual property including patents covering fundamental operating system and user interface technology.


HP will retain the patents and all the technology relating to the cloud service of webOS, HP Chief Operating Officer Bill Veghte said in an interview.


“As we looked at it, we saw a very compelling IP that was very unique in the marketplace,” he said, adding that HP has already had a partnership with LG on webOS before the deal was announced.


“As a result of this collaboration, LG offered to acquire the webOS operating system technology,” Veghte said.


Skott Ahn, President and CTO, LG Electronics, said the company will incorporate the operating system in the Smart TV line-up first “and then hopefully all the other devices in the future.”


Both companies declined to reveal the terms of the deal.


LG will keep the WebOS team in Silicon Valley and, for now, will continue to be based out of HP offices, Ahn said.


HP opened its webOS mobile operating system to developers and companies in 2012 after trying to figure out how to recoup its investment in Palm, one of the pioneers of the smartphone industry.


The company had tried to build products based on webOS with the now-defunct TouchPad tablet its flagship product.


HP launched and discontinued the TouchPad in 2010, a little over a month after it hit store shelves with costly fanfare after it saw poor demand for a tablet priced on par with Apple’s dominant iPad.


WebOS is widely viewed as a strong mobile platform, but has been assailed for its paucity of applications, an important consideration while choosing a mobile device.


(Additional reporting By Paul Sandle and Alistair Barr; Editing by Gerald E. McCormick, Tim Dobbyn and M.D. Golan)


Tech News Headlines – Yahoo! News





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Jane Lynch: My Greatest Pleasure Is My Stepdaughter

Jane Lynch
Alexandra Wyman/Wireimage


Jane Lynch has a whole lot to cheer about – in addition to having a top-three grossing movie, Escape from Planet Earth, she’ll be making her grand debut on the Great White Way this spring, playing the infamous evil orphan matron Miss Hannigan in the newest Annie revival.


Great news for the star known for playing trash-talking cheerleading coach Sue Sylvester on Glee, but it pales in comparison to her real-life role as a stepmom.


“My greatest pleasure is Haden, my stepdaughter, ” Lynch tells PEOPLE recently as she screened her film at The Moms Mamarazzi event in New York City. Lynch voices the character of IO alongside Sarah Jessica Parker, Jessica Alba and Sofia Vergara.



“I am surprised how much love you feel and how you would do anything for your children,” she admits since marrying Lara Embry, a psychologist, in 2010.


The Emmy winner, who hits the stage May 16, jokes that “some may say I know a thing or two about playing intimidating authority figures,” but says that she “knows how important love and acceptance is.”


“I am in love and in awe with Haden. I like watching her walk through the world without fear,” Lynch explains. “She happens to be an exceptional human being and one of the most fair, open-hearted, embracing people I have ever met — grownup or child.”


Her brief foray into parenthood has already taught her many things, Lynch says.


“If one week your child wants to be an actor and the next day a fireman, encourage them. Seeing who your kids are as opposed to what you want them to be is important,” she notes. “It’s not up to you.”


– Debra Lewis-Boothman


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WHO: Slight cancer risk after Japan nuke accident


LONDON (AP) — Two years after Japan's nuclear plant disaster, an international team of experts said Thursday that residents of areas hit by the highest doses of radiation face an increased cancer risk so small it probably won't be detectable.


In fact, experts calculated that increase at about 1 extra percentage point added to a Japanese infant's lifetime cancer risk.


"The additional risk is quite small and will probably be hidden by the noise of other (cancer) risks like people's lifestyle choices and statistical fluctuations," said Richard Wakeford of the University of Manchester, one of the authors of the report. "It's more important not to start smoking than having been in Fukushima."


The report was issued by the World Health Organization, which asked scientists to study the health effects of the disaster in Fukushima, a rural farming region.


On March 11, 2011, an earthquake and tsunami knocked out the Fukushima plant's power and cooling systems, causing meltdowns in three reactors and spewing radiation into the surrounding air, soil and water. The most exposed populations were directly under the plumes of radiation in the most affected communities in Fukushima, which is about 150 miles (240 kilometers) north of Tokyo.


In the report, the highest increases in risk are for people exposed as babies to radiation in the most heavily affected areas. Normally in Japan, the lifetime risk of developing cancer of an organ is about 41 percent for men and 29 percent for women. The new report said that for infants in the most heavily exposed areas, the radiation from Fukushima would add about 1 percentage point to those numbers.


Experts had been particularly worried about a spike in thyroid cancer, since radioactive iodine released in nuclear accidents is absorbed by the thyroid, especially in children. After the Chernobyl disaster, about 6,000 children exposed to radiation later developed thyroid cancer because many drank contaminated milk after the accident.


In Japan, dairy radiation levels were closely monitored, but children are not big milk drinkers there.


The WHO report estimated that women exposed as infants to the most radiation after the Fukushima accident would have a 70 percent higher chance of getting thyroid cancer in their lifetimes. But thyroid cancer is extremely rare and one of the most treatable cancers when caught early. A woman's normal lifetime risk of developing it is about 0.75 percent. That number would rise by 0.5 under the calculated increase for women who got the highest radiation doses as infants.


Wakeford said the increase may be so small it will probably not be observable.


For people beyond the most directly affected areas of Fukushima, Wakeford said the projected cancer risk from the radiation dropped dramatically. "The risks to everyone else were just infinitesimal."


David Brenner of Columbia University in New York, an expert on radiation-induced cancers, said that although the risk to individuals is tiny outside the most contaminated areas, some cancers might still result, at least in theory. But they'd be too rare to be detectable in overall cancer rates, he said.


Brenner said the numerical risk estimates in the WHO report were not surprising. He also said they should be considered imprecise because of the difficulty in determining risk from low doses of radiation. He was not connected with the WHO report.


Some experts said it was surprising that any increase in cancer was even predicted.


"On the basis of the radiation doses people have received, there is no reason to think there would be an increase in cancer in the next 50 years," said Wade Allison, an emeritus professor of physics at Oxford University, who also had no role in developing the new report. "The very small increase in cancers means that it's even less than the risk of crossing the road," he said.


WHO acknowledged in its report that it relied on some assumptions that may have resulted in an overestimate of the radiation dose in the general population.


Gerry Thomas, a professor of molecular pathology at Imperial College London, accused the United Nations health agency of hyping the cancer risk.


"It's understandable that WHO wants to err on the side of caution, but telling the Japanese about a barely significant personal risk may not be helpful," she said.


Thomas said the WHO report used inflated estimates of radiation doses and didn't properly take into account Japan's quick evacuation of people from Fukushima.


"This will fuel fears in Japan that could be more dangerous than the physical effects of radiation," she said, noting that people living under stress have higher rates of heart problems, suicide and mental illness.


In Japan, Norio Kanno, the chief of Iitate village, in one of the regions hardest hit by the disaster, harshly criticized the WHO report on Japanese public television channel NHK, describing it as "totally hypothetical."


Many people who remain in Fukushima still fear long-term health risks from the radiation, and some refuse to let their children play outside or eat locally grown food.


Some restrictions have been lifted on a 12-mile (20-kilometer) zone around the nuclear plant. But large sections of land in the area remain off-limits. Many residents aren't expected to be able to return to their homes for years.


Kanno accused the report's authors of exaggerating the cancer risk and stoking fear among residents.


"I'm enraged," he said.


___


Mari Yamaguchi in Tokyo and AP Science Writer Malcolm Ritter in New York contributed to this report.


__


Online:


WHO report: http://bit.ly/YDCXcb


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Wall Street ends flat after late fade; S&P up for fourth month

NEW YORK (Reuters) - Stocks ended flat on Thursday, giving up modest gains late in the session, denying the Dow a chance to inch closer to all-time highs.


The S&P 500 still managed to close out February with a fourth straight month of gains. JC Penney Co Inc was the day's biggest loser, falling 17 percent to $17.57 after the department store operator reported a steep drop in sales.


The U.S. economy grew slightly in the fourth quarter, a turnaround from an earlier estimate showing contraction, and a drop in new claims for unemployment benefits last week added to a batch of data suggesting the economy continues its sluggish improvement.


The Dow was within striking distance of its record high after a year-to-date advance of more than 7 percent. The Dow's record closing high, set on October 9, 2007, stands at 14,164.53, while the Dow's intraday record high, set on October 11, 2007, stands at 14,198.10.


The Dow Jones Transportation Average <.djt>, seen as a bet on future growth, is up 12.9 percent this year, and the 20-stock index hit a record intraday high earlier on Thursday.


"To push through to new highs, you would have to see consistent positive economic data in the U.S. and have Europe stabilize - those are two pretty big requirements," said Jeff Morris, head of U.S. equities at Standard Life Investments in Boston.


"It wouldn't surprise me to see us bounce around as we have the past couple of weeks," Morris added.


Volume was low for most of the session until quarterly index-rebalancing activity hit the tape at the very close of trading.


After a strong January with gains of more than 5 percent, both the Dow and the S&P 500 found gains tougher to come by in February. Minutes from the Federal Reserve's January meeting sparked concerns that the central bank may pull back on its stimulus measures sooner than expected, while looming U.S. budget cuts and turbulent Italian elections tempered investors' aggressiveness.


But concerns about Fed policy were eased by testimony from Fed Chairman Ben Bernanke before a congressional committee earlier this week, as he defended the policy of buying bonds to keep interest rates low to boost growth, despite worries some have about possible inflation.


The Dow Jones industrial average <.dji> shed 20.88 points, or 0.15 percent, to 14,054.49 at the close. The Standard & Poor's 500 Index <.spx> lost 1.31 points, or 0.09 percent, to 1,514.68. The Nasdaq Composite Index <.ixic> fell 2.07 points, or 0.07 percent, to end at 3,160.19.


For the month, the Dow rose 1.4 percent, the S&P 500 gained 1.1 percent and the Nasdaq advanced 0.6 percent.


Limited Brands and Netflix ranked among the best-performing consumer stocks. Shares of Limited Brands, the parent of retailers Victoria's Secret and Bath & Body Works, gained 2.3 percent to $45.52. The stock of video streaming service Netflix climbed 2 percent to $$188.08.


In contrast, shares of Groupon Inc fell on weak revenue, with the daily deals company's tumbling 24.3 percent to $4.53.


Cablevision slumped 9.6 percent to $13.99 after the cable provider took a $100 million hit on costs related to Superstorm Sandy and posted deeper video customer losses than expected.


On a positive note, Mylan Inc gained 3.6 percent to $29.61 after the generic drugmaker posted a 25 percent rise in fourth-quarter profit and said it will buy a unit of India's Strides Arcolab Ltd.


Investors were keeping an eye on the debate in Washington over U.S. government budget cuts that will take effect starting Friday if lawmakers fail to reach agreement on spending and taxes. President Barack Obama and Republican congressional leaders arranged last-ditch talks to prevent the cuts, but expectations were low that any deal would emerge.


Volume was modest with about 6.81 billion shares traded on the New York Stock Exchange, NYSE MKT and Nasdaq, slightly above the daily average of 6.46 billion.


Advancing stocks slightly outnumbered declining ones on the NYSE by 1,518 to 1,446. On the Nasdaq, the decliners had a slight edge, with 1,247 shares falling and 1,201 stocks rising.


(Reporting by Chuck Mikolajczak; Editing by Jan Paschal)



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The Lede: Video of Turkish Premier Comparing Zionism to Anti-Semitism and Fascism

One day after Turkey’s prime minister, Recep Tayyip Erdogan, told a United Nations forum the world should consider Islamophobia a crime against humanity, “just like Zionism or anti-Semitism or fascism,” his Israeli counterpart lashed back. “I strongly condemn the remarks made by Prime Minister Erdogan of Turkey, comparing Zionism to fascism,” Prime Minister Benjamin Netanyahu replied on Twitter.

Video of Mr. Erdogan’s complete address to the United Nations Alliance of Civilizations forum in Vienna was posted online by the United Nations with simultaneous translation into English.

In his remarks, Mr. Erdogan bemoaned “a lack of understanding between religions and sects” and said that the way ahead was “emphasizing the richness that comes from diversity.” After he praised “countries which see cultural and ethnic differences not as a reason for division or conflict but as a richness,” he complained of what he called the world’s indifference to the suffering of Muslims in Syria and elsewhere.

About seven minutes into the video, Mr. Erdogan said:

Unfortunately the modern world has not passed the test when it comes to Syria. In the last two years, we have seen close to 70,000 people lose their lives, and every single day we see innocent children, women, civilians, killed. And the fact that the world has not reacted to this situation seriously injures the sense of justice. In the same way, rising racism in Europe is a serious, problematic area, vis-à-vis the Alliance of Civilizations project.

In addition to indifference vis-à-vis the Muslim countries, we also see harsh, offending, insulting behavior towards Muslims who live in countries other than their own, and this continues to be an inconscionable act that has been ongoing around the world. We should be striving to better understand the beliefs of others but instead we see that people act based on prejudice and exclude others and despiuse them. And that is why it is necessary that we must consider — just like Zionism or anti-Semitism or fascism — Islamophobia as a crime against humanity.

Mr. Erdogan immediately went on to condemn those, including politicians, who use “the media or mass communication vehicles” for “provoking the sensitivities of a religion or a sect or a society.”

The Turkish prime minister has expressed his anger with Israeli policies in blunt terms at international forums in the past, most notably at Davos in 2009. He stormed off the stage at the end of a heated discussion of Israel’s Gaza offensive, after telling President Shimon Peres, “When it comes to killing, you know well how to kill.”

Video of an argument between Turkey’s prime minister and Israel’s president at Davos in 2009.

Relations between the countries suffered another blow in 2010, when Israeli commandos killed nine Turks during a bloody raid on the ship leading an effort to break the Israeli blockade of Gaza organized by a Turkish aid organization.

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HP sells webOS operating system to LG Electronics






SAN FRANCISCO (Reuters) – Hewlett-Packard Co said on Monday it will sell the webOS operating system to South Korea’s LG Electronics Inc, unloading the smartphone software it acquired through a $ 1.2 billion acquisition of Palm in 2010.


LG will use the operating software, used in now-defunct Palm smartphones years ago, for its “smart” or Internet-connected TVs. The Asian electronics company had worked with HP on WebOS before offering to buy it outright.






Under the terms of their agreement, LG acquires the operating software’s source code, associated documentation, engineering talent, various associated websites, and licenses under HP’s intellectual property including patents covering fundamental operating system and user interface technology.


HP will retain the patents and all the technology relating to the cloud service of webOS, HP Chief Operating Officer Bill Veghte said in an interview.


“As we looked at it, we saw a very compelling IP that was very unique in the marketplace,” he said, adding that HP has already had a partnership with LG on webOS before the deal was announced.


“As a result of this collaboration, LG offered to acquire the webOS operating system technology,” Veghte said.


Skott Ahn, President and CTO, LG Electronics, said the company will incorporate the operating system in the Smart TV line-up first “and then hopefully all the other devices in the future.”


Both companies declined to reveal the terms of the deal.


LG will keep the WebOS team in Silicon Valley and, for now, will continue to be based out of HP offices, Ahn said.


HP opened its webOS mobile operating system to developers and companies in 2012 after trying to figure out how to recoup its investment in Palm, one of the pioneers of the smartphone industry.


The company had tried to build products based on webOS with the now-defunct TouchPad tablet its flagship product.


HP launched and discontinued the TouchPad in 2010, a little over a month after it hit store shelves with costly fanfare after it saw poor demand for a tablet priced on par with Apple’s dominant iPad.


WebOS is widely viewed as a strong mobile platform, but has been assailed for its paucity of applications, an important consideration while choosing a mobile device.


(Additional reporting By Paul Sandle and Alistair Barr; Editing by Gerald E. McCormick, Tim Dobbyn and M.D. Golan)


Tech News Headlines – Yahoo! News





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It's Another Boy for American Idol's Justin Guarini

Justin Guarini American Idol Welcomes Son Asher
Jeff Ballard PR


A very sleepy-sounding Justin Guarini is a dad again!


He and wife Reina Capodici welcomed their second son, Asher, at 6:40 p.m. on Monday, Feb. 25. He weighed in 7 lbs., 8 oz.


“He’s the sweetest little boy you could ever ever ever ask for,” the American Idol season one runner-up, tells PEOPLE on the phone from the hospital in his hometown of Doyletown, Penn. “He made his way into the world nice and easy.”


And, notes the proud papa, “He is a ravenous eater! He would probably spend 24 hours latched to his mom if he could.”


Still not clear if his newborn will be the mini-me his 22-month-old older brother William Neko was.


“My first son looked like exactly like me,” says Guarini. “We don’t know who Asher will take after. He’s a mystery right now!”

Still, William was very happy to meet his new sibling. “He came to see Asher when he was a day old and all he wanted to do was lean over and kiss him.” (Justin is also stepdad to 8-year-old Lola, from his wife’s first marriage.)


Guarini says he’s busier than ever these days — almost too busy to watch American Idol.


“It’s really crazy,” he says. “I got three kids and I’ll be going back to Broadway soon and I’m still writing new music.”


Still, he tunes in when he can. “It’s so different than when I was on it,” Guarini admits. “It was simpler. I feel like an old man watching it! But my heart goes out to the people on the show. They have to work unbelievably hard to get there.”


He’s not rooting for anyone specific just yet: “I’ve been prepping for the baby,” he says with a laugh.


Besides, he’s got more immediate concerns at the moment — like sleep!


“Well, I’ve gotten more sleep than my wife,” he concedes, “but no more than a few hours. We’re gonna take Asher home today. I can’t wait.”


Justin Guarini American Idol Welcomes Son Asher
Jeff Ballard PR


– Liz McNeil


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Vt. lye victim gets new face at Boston hospital


BOSTON (AP) — The 2007 chemical attack left the Vermont nurse unrecognizable to anyone who knew her.


But now Carmen Blandin Tarleton's face has changed again following a facial transplant this month.


Doctors at Brigham & Women's Hospital in Boston said Wednesday that the 44-year-old's surgery included transplanting a female donor's facial skin to Tarleton's neck, nose and lips, along with facial muscles, arteries and nerves.


"I know how truly blessed I am, and will have such a nice reflection in the mirror to remind myself what selfless really is," Tarleton wrote on her blog Wednesday.


The Thetford, Vt., woman suffered burns on more than 80 percent of her body and was blinded after her estranged husband attacked her with a baseball bat and doused her with lye in 2007.


Tarleton, who once worked as a transplant nurse, has undergone more than 50 surgeries since the attack, including work to restore some of her vision.


The latest surgery took 15 hours and included a team of more than 30 medical professionals. The lead surgeon, Bohdan Pomahac, called her injuries among the worst he's seen in his career.


"Carmen is a fighter," the doctor said Wednesday. "And fight she did."


Pomahac's team has performed five facial transplants at the hospital. He said the patient is recovering very well and is in great spirits as she works to get stronger.


He said she was very pleased when she saw her face for the first time, and that her appearance will not match that of the late donor's face.


"I think she looks amazing, but I'm biased," he said with a smile.


The donor's family wants to remain anonymous, but released a statement through a regional donor bank saying that her spirit would live on through Tarleton and three other organ recipients.


The estranged husband, Herbert Rodgers, pleaded guilty in 2009 in exchange for a prison sentence of at least 30 years.



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Wall Street gains on Bernanke comments, S&P above 1,500

NEW YORK (Reuters) - Stocks rose on Wednesday, with major indexes posting their best daily gains since early January, as Federal Reserve Chairman Ben Bernanke remained steadfast in supporting the Fed's stimulus policy and data pointed to economic improvement.


In a second day before a congressional committee, Bernanke defended the Fed's buying of bonds to keep interest rates low to boost growth. The market's jump of more than 1 percent also came on better-than-expected data on business spending plans and the housing market.


Bernanke's remarks helped the market rebound from its worst decline since November and put the S&P 500 index back above 1,500, a closely watched level that has been technical support until recently. The Dow Jones industrial average <.dji> closed at a level not seen since 2007 as it again pulled within striking distance of an all-time high.


Speaking before the House Financial Services Committee, Bernanke downplayed signs of internal divisions at the Fed, saying the policy of quantitative easing, or QE, has the support of a "significant majority" of top central bank officials.


Bernanke removed a headwind from markets arising from concerns the Fed's quantitative easing might end earlier than anticipated. Doubts about the Fed's intentions had broken a seven-week streak of gains by stocks.


"The Fed continues to encourage risk-taking in markets, which is a powerful tool that makes the danger not being long stocks, not in being too long," said Tom Mangan, a money manager at James Investment Research Inc in Xenia, Ohio.


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


Pending home sales jumped 4.5 percent in January, three times the rate of growth that had been expected. While orders for durable goods fell more than expected in January, non-defense capital goods orders excluding aircraft - a closely watched proxy for business spending plans - showed the biggest gain since December 2011.


About 74 percent of stocks traded on the New York Stock Exchange closed higher while 64 percent of Nasdaq-listed shares closed up.


The S&P turned very slightly higher on the week, recovering from the index's biggest daily drop since November on Monday. That drop came on concerns over Italy's election, as well as over sequestration - U.S. government budget cuts that will take effect starting on Friday if lawmakers fail to reach an agreement on spending and taxes.


The index had climbed 6.3 percent for the year before pulling back on concerns about Fed policy and inconclusive elections in Italy, which rekindled fears of a new euro zone debt crisis.


"While the rally remains intact and there are reasons to be long-term bullish here, there are also reasons to not be surprised if we get a correction," said Mangan, who helps oversee $3.7 billion.


In earnings news, Priceline.com gained 2.6 percent to $695.91 after reporting adjusted earnings that beat expectations. TJX Cos Inc jumped 2.5 percent to $44.75 after the retail chain operator posted higher fourth-quarter results.


The S&P retail index <.spxrt> climbed 1.6 percent.


Target Corp offered a cautious outlook for consumer spending in 2013 following a weak holiday quarter. The stock dipped 1.1 percent to $63.32.


First Solar Inc plunged 14 percent to $27.04 after failing to give a full-year earnings and sales outlook, though it also swung to a quarterly profit.


Groupon Inc plunged 21 percent to $4.70 after the bell after reporting its fourth-quarter results.


With 93 percent of the S&P 500 companies having reported results so far, 69.5 percent beat profit expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters, according to Thomson Reuters data.


Fourth-quarter earnings for S&P 500 companies are estimated to have risen 6.2 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


About 6.23 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, slightly below the daily average so far this year of about 6.48 billion shares.


(Editing by Nick Zieminski and Kenneth Barry)



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