Dell’s largest investor opposes buyout as too low






(Reuters) – Dell Inc’s largest independent shareholder Southeastern Asset Management said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell who is leading the effort to operate the company away from public scrutiny.


Southeastern sent a letter to Dell’s board expressing its “extreme disappointment” in the offer price of $ 13.65 a share, it said in a regulatory filing.






It said it “currently intends to avail itself of all options at its disposal to oppose proposed transaction.”


Reuters had reported earlier that the Southeastern was unhappy with the offer.


The Memphis, Tennessee-based fund, which owns a 8.5 percent stake in Dell, said it values the entire company at about $ 24.00 per share.


The fund said it believes Dell board had several alternatives that would have produced far better outcome for public shareholders, including breaking up the company and selling the unit separately.


“Selling multiple business units to strategic buyers could easily exceed $ 13.65 per share,” it said.


A representative of Silver Lake declined to comment.


With Southeastern’s objections, shareholders representing 11 percent of the Dell shares not held by Michael Dell have now said they will vote against the deal.


Under the buyout’s terms, a majority of shares not held by Michael Dell must be voted in favor of the deal for it to proceed.


(Reporting by Poornima Gupta; Editing by Steve Orlofsky)


Tech News Headlines – Yahoo! News





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IHT Rendezvous: French Communists Abandon Hammer and Sickle

LONDON — The Communist Party of France has sparked a revolution among the comrades by removing the hammer and sickle from their membership cards.

The iconic symbol of the international proletariat has been replaced with the star of the multi-party European Left alliance, much to the horror of traditionalists at the party’s 36th congress that opened near Paris on Thursday.

What was billed by the party leadership as a forward-looking move was denounced by others as revisionist backsliding and part of a conspiracy to abandon the movement to the embrace of social democracy.

Emmanuel Dang Tran, secretary of the party’s Paris section, told France Info radio that members were shocked at the abandoning of “what represents, for the working class of this country, a historic element in resistance against the politics of capitalism.”

An anonymous commenter on the radio’s website suggested wryly: “It’s natural that they’ve abandoned their tools. There’s no work anymore!”

Mr. Tran was among those who believed the symbol change amounted to the party paying allegiance to the European Left, a coalition of left-wing movements formed in 1999 to cooperate within the European Parliament.

He said the leadership was trying to create a social democracy mark-2 alongside “Greens, socialists, Trotskyists and I don’t know who else.”

Pierre Laurent, the party’s national secretary, defended the decision to dump the hammer and sickle, saying it no longer represented present-day realities. “We want to turn towards the future,” he said on Friday.

The internal spat was the latest upset for a communist party that was once powerful on the left in France, with ministers serving in a number of Socialist-led administrations.

It remains the country’s largest left-wing party in terms of membership. But its standing has declined rapidly since the collapse of communism in Eastern Europe.

For the first time last year, it failed to put up its own candidate at a presidential election and opted instead to support Jean-Luc Mélenchon of the Left Front.

Although the Communist Party is the largest grouping in the Left Front, hardliners complain it risks playing second fiddle to other movements in the alliance despite being its “sole historically revolutionary component.”

The 20Minutes news Website asked whether the loss of the hammer and sickle meant the party was becoming a “Communist Party light” and noted that this week’s congress had also adopted Mr. Mélenchon’s “people first” slogan.

“That is something to chew on for the many who fear the party will be dissolved into a Left Front led by Jean-Luc Mélenchon,” it wrote.

L’Humanité, the former official Communist newspaper that retains close links with the party, managed to remain upbeat as the congress opened. It ran a poll that indicated the party’s public image had improved since the creation of the Left Front.

It also interviewed the rank and file at the party congress who said that, among other things, they saw the gathering as an occasion for communists to go on the offensive, continue a citizens’ revolution, or simply spend a “fraternal moment with all the comrades.”

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Police on high alert after ex-LAPD cop's alleged serial shootings




Authorities across Southern California were on high alert Thursday morning as a massive manhunt was underway for an ex-Los Angeles police officer sought in connection with a double homicide and the shootings of three police officers, one of whom was killed.


Local, state and federal authorities are involved in the search for Christoper Jordan Dorner, 33, who is believed to threatened "unconventional
and asymmetrical warfare" against police in a manifesto posted on what authorities believe to be his Facebook page.


Dorner also threatened more than two dozen people -- including police officials -- in his manifesto. Officers from around Southern California have been deployed
to protect those people. In some cases, police said, those at risk have relocated for their safety.


PHOTOS: Manhunt for ex-LAPD officer


 LAPD Chief Charlie Beck is expected to hold a news conference at
10 a.m.


When asked if police felt they were under attack, Riverside Police Lt. Guy Toussaint said: “Based on the circumstances of the
shooting, yes I do.”


Hours after authorities announced they were looking for Dorner in connection with a double homicide in Orange County, the search intensified after three police officers were shot in Riverside County and Dorner was identified as a possible suspect.


Ex-LAPD cop tried to steal boat, flee to Mexico, authorities say


Freeway signs urged motorists to call 911 if they saw the suspect's vehicle as officers patrolled the streets near one of the Riverside County crime scenes with rifles at the ready. Los Angeles was put on a citywide tactical alert and California Highway Patrol issued a "blue alert" for nine Southern California counties warning Dorner was considered "armed and extremely dangerous."


The first shooting occurred about 1:30 a.m. Thursday in Corona, where two Los
Angeles Police Department officers providing protection for
someone mentioned in Dorner's manifesto, officials said. One
officer suffered a graze wound to the head during a shootout and Dorner fled
the scene, police said.


A short time later, two Riverside officers were shot at the corner of Magnolia Avenue and Arlington
Avenue in
Riverside. Toussaint said the officers were
sitting at a red light when they were ambushed. One was killed, the
other was still in surgery Thursday morning.


Ex-LAPD officer threatened to kill in online manifesto


There was no indication the officers were "actively seeking Dorner," Toussaint said.


“Our
officers were stopped at an intersection at a red light when they were
ambushed," he said. "Because of the close proximity to the timeline, we believe there is a
strong likelihood that former LAPD Officer Christopher Dorner was involved in
our incident.”


In the online manifesto, Dorner specifically named the father of
Monica Quan, the Cal State Fullerton assistant basketball coach who was
found dead Sunday in Irvine along with her fiance, Keith Lawrence.


Randy Quan, a retired LAPD captain, was involved in the review
process that ultimately led to Dorner’s dismissal. A former U.S. Navy
reservist, Dorner was fired in 2009 for allegedly making false
statements about his training officer. In the manifesto, he complained that Randy Quan and others did not fairly represent him at the review hearing.


“The violence of action will be high .... I will bring unconventional
and asymmetrical warfare to those in LAPD uniform whether on or off
duty," Dorner wrote.







As authorities swarmed the area, two officer-involved shootings occurred in Torrance after police came across vehicles they thought might be Dorner's.

The first Torrance incident occurred about 5:20 a.m. in the 19500
block of Redbeam Avenue in Torrance, Lt. Devin Chase said. That incident involved
Los Angeles police detectives from the Hollywood division, sources said.


Two people were struck by gunfire and transported to an area hospital with unknown injuries, Chase said. No officers were injured.


The second incident, which involved Torrance police officers,
occurred at Flagler Lane and Beryl Street about 5:45 a.m. No injuries
were reported in that incident.


Chase said both incidents involved vehicles matching the description of the one sought in connection with Dorner.


"Now it appears neither of them are directly related," Chase said. "In both of them, officers believed they were at the time."


Authorities said they believe Dorner attempted to steal a boat from an elderly man about 10:30 p.m. Wednesday
at the Point Loma Yacht Club in San Diego, hours before the shootings in
Riverside County.


The boat owner reported being accosted by a burly man who tied him up, threatened
him with a gun and said he wanted the boat to flee to Mexico.


PHOTOS: Manhunt for ex-LAPD officer


But while they were trying to get underway, a rope became entangled
in the propeller and the boat was inoperable, authorities said.


The suspect fled the scene and the boat owner was unharmed.


About 2 a.m., a citizen reported finding property belonging to Dorner
on a street near Lindbergh Field, not far from the scene of the
attempted boat theft. The property included a briefcase and Dorner's
LAPD badge.


ALSO:


Riverside police 'ambushed' by shooter, official says


Police shoot two in Torrance in search for ex-LAPD cop


Manhunt underway for ex-LAPD officer suspected of shooting 3 cops


— Andrew Blankstein, Kate Mather, Phil Willon and Tony Perry


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Southern diet, fried foods, may raise stroke risk


Deep-fried foods may be causing trouble in the Deep South. People whose diets are heavy on them and sugary drinks like sweet tea and soda were more likely to suffer a stroke, a new study finds.


It's the first big look at diet and strokes, and researchers say it might help explain why blacks in the Southeast — the nation's "stroke belt" — suffer more of them.


Blacks were five times more likely than whites to have the Southern dietary pattern linked with the highest stroke risk. And blacks and whites who live in the South were more likely to eat this way than people in other parts of the country were. Diet might explain as much as two-thirds of the excess stroke risk seen in blacks versus whites, researchers concluded.


"We're talking about fried foods, french fries, hamburgers, processed meats, hot dogs," bacon, ham, liver, gizzards and sugary drinks, said the study's leader, Suzanne Judd of the University of Alabama in Birmingham.


People who ate about six meals a week featuring these sorts of foods had a 41 percent higher stroke risk than people who ate that way about once a month, researchers found.


In contrast, people whose diets were high in fruits, vegetables, whole grains and fish had a 29 percent lower stroke risk.


"It's a very big difference," Judd said. "The message for people in the middle is there's a graded risk" — the likelihood of suffering a stroke rises in proportion to each Southern meal in a week.


Results were reported Thursday at an American Stroke Association conference in Honolulu.


The federally funded study was launched in 2002 to explore regional variations in stroke risks and reasons for them. More than 20,000 people 45 or older — half of them black — from all 48 mainland states filled out food surveys and were sorted into one of five diet styles:


Southern: Fried foods, processed meats (lunchmeat, jerky), red meat, eggs, sweet drinks and whole milk.


—Convenience: Mexican and Chinese food, pizza, pasta.


—Plant-based: Fruits, vegetables, juice, cereal, fish, poultry, yogurt, nuts and whole-grain bread.


—Sweets: Added fats, breads, chocolate, desserts, sweet breakfast foods.


—Alcohol: Beer, wine, liquor, green leafy vegetables, salad dressings, nuts and seeds, coffee.


"They're not mutually exclusive" — for example, hamburgers fall into both convenience and Southern diets, Judd said. Each person got a score for each diet, depending on how many meals leaned that way.


Over more than five years of follow-up, nearly 500 strokes occurred. Researchers saw clear patterns with the Southern and plant-based diets; the other three didn't seem to affect stroke risk.


There were 138 strokes among the 4,977 who ate the most Southern food, compared to 109 strokes among the 5,156 people eating the least of it.


There were 122 strokes among the 5,076 who ate the most plant-based meals, compared to 135 strokes among the 5,056 people who seldom ate that way.


The trends held up after researchers took into account other factors such as age, income, smoking, education, exercise and total calories consumed.


Fried foods tend to be eaten with lots of salt, which raises blood pressure — a known stroke risk factor, Judd said. And sweet drinks can contribute to diabetes, the disease that celebrity chef Paula Deen — the queen of Southern cuisine — revealed she had a year ago.


The National Institute of Neurological Disorders and Stroke, drugmaker Amgen Inc. and General Mills Inc. funded the study.


"This study does strongly suggest that food does have an influence and people should be trying to avoid these kinds of fatty foods and high sugar content," said an independent expert, Dr. Brian Silver, a Brown University neurologist and stroke center director at Rhode Island Hospital.


"I don't mean to sound like an ogre. I know when I'm in New Orleans I certainly enjoy the food there. But you don't have to make a regular habit of eating all this stuff."


___


Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Phaedra Parks: I Do Not Eat for Two When I'm Pregnant






The Real Housewives of Atlanta










02/07/2013 at 05:35 PM EST



Unlike many other famous moms-to-be, Real Housewives of Atlanta star Phaedra Parks doesn't consider her pregnancy as an excuse to overindulge.

"Some people subscribe to the myth, 'I'm eating for two people,' " Parks tells PEOPLE.

"Well, not really. The other person is half of a pound. I wouldn't really count that as an individual. It's obviously a living organism, but something weighing 7 lbs. doesn't really allow you to eat two meals. Doctors say you only need an additional 500 calories."

Parks – who already has a son Ayden, 4, with her husband Apollo Nida – doesn't find it difficult to remain a healthy weight while pregnant.

"I don't count calories," she says. "I just try to eat organic, healthy food. I eat a lot of small meals per day. If I want something, I try to eat it in moderation if it's something that's not good for me. I don't really have any cravings. The only thing I [craved] during my last pregnancy were oranges. I love citrus fruit."

Adds Parks, "I really have little or no time to ponder about food all day. I just eat to live. I don't live to eat. Some people are living to eat, and I try to have a healthy relationship with food."

Nutrition habits aside, Parks – who recently released a new exercise video, Donkey Booty 2, on Jan. 31 – stays in shape with a rigorous fitness routine.

"Now I'm really doing a lot of water aerobics and stretching," she explains. "When you're pregnant, everything's moving and shifting and you've got aches and pains that you never even knew of."

The new video, she says, "focuses on arms, chest area, the entire body. It's a little more challenging than the first one, but it's still anaerobic. You're going against your own body weight and you're only using household products – milk jugs, cans of green beans, things that everyone has in the house. We try to make it easy for everyone."

Once baby is born, Parks strongly advises breastfeeding for getting a woman's body back post-pregnancy.

"I tell people to nurse their baby," she says. "It tightens up your uterus. It brings everything back in places very quickly. And it cuts down on buying milk and going to the grocery store. Milk does a body good, and if you can make it yourself, then why not?"

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TSX ends lower as ECB comments weigh; BlackBerry up






TORONTO (Reuters) – Canada‘s main stock index closed slightly lower on Thursday as a wave of negative sentiment after the European Central Bank warned about weak euro zone economies pulled down energy and financial shares, offsetting a rise in BlackBerry .


The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> unofficially ended down 5.67 points, or 0.04 percent, at 12,755.92. Four of the 10 main sectors on the index were in the red.</.gsptse>






(Reporting by John Tilak)


Gadgets News Headlines – Yahoo! News





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IHT Rendezvous: Baron Von Fancy Goes to Paris

PARIS—Baron Von Fancy’s name may belong in an 18th-century German royal court, but he is very much a 20th-century child. He’s a multimedia artist who lives in New York and surfs on the vintage-is-cool wave, using social media as his manager, agent and public relations firm.

His latest exhibition, “A Thing Called Love,” opened on Monday at the Paris Colette shop, a European mecca of all things fashionable, and runs through Feb. 23. It’s his first big break. “I’m honored to be shown in Colette. I couldn’t have asked for more,” said Baron Von Fancy, who is 28, while sipping tea in a cafe across the street from the store.

The exhibition is a collection of handpainted 1950s-looking signs of catchphrases overheard in the subway and in conversation. Some of them are poetic, some are jokes and some clichés. The theme for the show, whose run encompasses Valentine’s Day, is love. “Crazy About You,” “To the Moon and Back,” “Just Kids” (referencing Patti Smith’s book) are a few examples. He added “Bisous,” and “Loin des yeux, loin du coeur,” as a nod to his new French audience. He also redesigned Colette’s Water Bar menu and painted huge murals. The one behind the cash register reads “The Thrill Is Gone.”

Outside, along the wall, he had started painting the words Very Fancy, but the person who was supposed to help him paint was late and he didn’t have time to finish before the opening of the show. Welcome to France, Mr. Fancy.



Baron Von Fancy isn’t – surprise, surprise – his real name. He was born Gordon Stevenson, in New York, in the early 1980s, one of seven siblings and half-siblings. He is not without connections: his father, Charles Stevenson, is an investor; his stepmother is the writer Alex Kuczynski, who contributes to The New York Times. The story behind his strange but catchy moniker is a mix of many anecdotes including a nickname of an ex-girlfriend’s dog and his fancy collection of vintage Versace jeans.

Baron Von Fancy (why call him Gordon when you can call him Baron Von Fancy?) epitomizes Generation Y, also known as Generation Sell. He creates art under both names, but uses Baron Von Fancy as a brand for his more commercial art. As Gordon Stevenson, he paints, dyes waterfalls, and does light installations. When he is Baron, as he says his mother now often calls him, he does lighters, bow ties, socks and his painted signs.

Baron doesn’t whip out a battered Moleskine when he has an idea, he uses Twitter is his notebook. He tweets several times a day, to more than a thousand people, phrases that could end up on a sign in an exhibition.

His Instagram account has more than 4,000 subscribers, and serves as his PR office.

As it happens, Instagram, the photo-sharing application with  90 million users, had a key role in securing his Colette exhibition. 

Several months ago, one of Baron Von Fancy’s friends noticed a picture of a T-shirt on Colette’s Instagram account with what looked like a Baron Von Fancy sign, and notified him. He wrote to Colette’s owner Sarah Andelman and showed her a picture of his art. She agreed the brand they were selling must have copied Baron Von Fancy’s art and invited him to exhibit his work in her store.

“I can’t help but thank Instagram,” says Baron Von Fancy with a laugh. “I realize how crazy that sounds, and people may say I take Instagram too seriously, but it has done so much for me. It has changed my life.”

You can already here a vast group of people shriek and shake their heads at his statement but the fact is that today social media is the way young artists to get themselves known. 

He uses the application to share his vision and show his inspiration, but also to showcase his work.

“All I think of when I wake up in the morning is create,” he says. And although he makes a living writing sentences, he says he’s not a writer, but expresses himself visually. “I’m not very good a keeping a blog, but Instagram is a perfect way to communicate and get visibility.”

Technology has opened many opportunities for him. Through social media, he has started a collaboration with the clothing brand Patagonia (the New York art director followed his Instagram account) and a collaboration with a rapper on socks.

Although Baron Von Fancy is very much an artist of our time, his art is turned toward the past, inspired by old-school classic sign painting. “Today everyone uses computer-generated fonts,” he says, looking out the window at the Parisian store fronts, “but I think that in general there is a real movement of people who are going back to things being made by hand and with care.”

To learn the art of handmade signs, Baron Von Fancy turned toward a old Latvian man called Fred who has a sign store in Queens, New York, and who taught him his art. “I sat there and looked at how he moved his hand,” he explains.

Fred has always worked in Queens, and has no idea what Colette is. He has no idea that this show means his student plays with the big boys now. “He doesn’t even get why I use most of my catchphrases,” says Baron Von Fancy.

But that is exactly what Baron Von Fancy does, and why he’s representative of his generation. He takes something basic and old, and turns into something nostalgically new and cool. Fancy, as it were.

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Woman drugged girl, use her in hard-core porn, police allege




Photo: Letha Montemayor Tucker, 52, of North Hills is led away by Immigration and Customs Enforcement agents after her arrest on suspicion of child pornography on Jan. 3. Credit: Associated Press


This post has been corrected. Please see below for details.


A North Hills woman who authorities allege plied a young girl with crack cocaine and photographed her having sex with an older man was indicted Tuesday on federal charges of producing child pornography and child sex trafficking.


Letha Montemayor Tucker was named Tuesday in a four-count indictment returned by a federal grand jury. If convicted of all the charges, Tucker would face a mandatory minimum federal prison sentence of 10 years and could get up to life in prison, authorities said.


The charges come a month after authorities sought the public's help in the investigation by releasing photographs of a man and woman depicted in a set of widely circulated child pornography photos. 


Tips started pouring in immediately after the photos were released, investigators said.


Tucker, who goes by the name Butterfly, was located about 10 hours after the release of the photos and taken into custody, said Claude Arnold, special agent in charge for Homeland Security Investigations in Los Angeles, a division of U.S. Immigration and Customs Enforcement.


The alleged victim, who was about 12 years old when the photos were taken, was located within a week of the case going public, Arnold said. She is an adult now and is cooperating with authorities, he said. In addition to photographing the girl having sex with the man, authorities say, Tucker also committed sex acts with the victim.


Authorities are still trying to identify the man in the photographs.  


The photos were part of a child pornography collection known as the "Jen Series." The 40-some photos were first discovered by investigators in the Chicago area in 2007. Investigators say images in the series have been reported about 300 times and have been found on computers across the country.


The victim "didn't even know these images were out there," Arnold said.


An arraignment for Tucker is scheduled Feb. 13.


For the record, 6:06 p.m.: A previous version of this post gave the incorrect job title for Arnold.


ALSO:


Chris Brown case raises tough questions for Virginia authorities


L.A. supervisors approve task force to examine 'maternity hotels'


Amid molestation scandal, archdiocese mulls over $200-million fund-raiser


-- Hailey Branson-Potts


Photo: Letha Montemayor Tucker, 52, of North Hills is led away by Immigration and Customs Enforcement agents after her arrest on suspicion of child pornography Jan. 3. Credit: Associated Press



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New whooping cough strain in US raises questions


NEW YORK (AP) — Researchers have discovered the first U.S. cases of whooping cough caused by a germ that may be resistant to the vaccine.


Health officials are looking into whether cases like the dozen found in Philadelphia might be one reason the nation just had its worst year for whooping cough in six decades. The new bug was previously reported in Japan, France and Finland.


"It's quite intriguing. It's the first time we've seen this here," said Dr. Tom Clark of the Centers for Disease Control and Prevention.


The U.S. cases are detailed in a brief report from the CDC and other researchers in Thursday's New England Journal of Medicine.


Whooping cough is a highly contagious disease that can strike people of any age but is most dangerous to children. It was once common, but cases in the U.S. dropped after a vaccine was introduced in the 1940s.


An increase in illnesses in recent years has been partially blamed on a version of the vaccine used since the 1990s, which doesn't last as long. Last year, the CDC received reports of 41,880 cases, according to a preliminary count. That included 18 deaths.


The new study suggests that the new whooping cough strain may be why more people have been getting sick. Experts don't think it's more deadly, but the shots may not work as well against it.


In a small, soon-to-be published study, French researchers found the vaccine seemed to lower the risk of severe disease from the new strain in infants. But it didn't prevent illness completely, said Nicole Guiso of the Pasteur Institute, one of the researchers.


The new germ was first identified in France, where more extensive testing is routinely done for whooping cough. The strain now accounts for 14 percent of cases there, Guiso said.


In the United States, doctors usually rely on a rapid test to help make a diagnosis. The extra lab work isn't done often enough to give health officials a good idea how common the new type is here, experts said.


"We definitely need some more information about this before we can draw any conclusions," the CDC's Clark said.


The U.S. cases were found in the past two years in patients at St. Christopher's Hospital for Children in Philadelphia. One of the study's researchers works for a subsidiary of Johnson & Johnson, which makes a version of the old whooping cough vaccine that is sold in other countries.


___


JournaL: http://www.nejm.org


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Jack Osbourne: How Marriage and a Baby Changed My Life



Jack Osbourne says his life has changed so much now that's married with a child that the only rockstar he hangs out with is Grandpa Ozzy Osbourne.

"Getting married and having a child definitely has focused me," the senior correspondent for Fuse News tells PEOPLE. "Now I'm not so much worried about going out on a Tuesday night and staying up until 3 in the morning and meeting hot chicks. No."

Jack, 27, and "hen-fiancée Lisa welcomed daughter Pearl Clementine last April. Then last October, they made it official by exchanging vows in front of 48 friends and family members in Hawaii.

But Jack isn't the only one adjusting to a new baby in the family, he says that Sharon, 60, and Ozzy, 64, are too.

"Nana and Grandpa are busy, but they're very involved," Jack says. "Every Sunday we have lunch together. We've always gone to their house, they never come to my house. It's taken me nine months to really hammer into them that driving all the way across town with a newborn baby is a lot more difficult than them driving all the way across town to visit me and a newborn baby. And they're starting to actually understand that now!"

But even with a wife and child at home, Jack is remaining true to his musical roots. On Fuse News – which kicks off Wednesday with pre-Grammy coverage at 6 p.m. EST – Jack is reporting on the "snub club," iconic artists who have been shut out of the Grammys over the years.

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