Woman held captive in Nordstrom Rack raped 'multiple times'









Prosecutors said one of the five people charged in connection with the take-over robbery at a Nordstrom Rack department store in Westchester raped one of the female hostages.


Prosecutors offered no details. But a district attorney's office spokeswoman said the victim was sexually assaulted "multiple times."


Five charged in Nordstrom Rack take-over robbery








Raymond Sherman Jr., 34, who authorities said was the most violent in the group, was charged with two counts of forcible rape, one count of oral copulation, one count of kidnapping for rape, one count of assault with a deadly weapon and 14 counts of second-degree robbery.


Troy Marsay Hammock, 29, and Everett Oneal Allen, 24, face 14 counts each of second-degree robbery and one count each of assault with a deadly weapon, identified as a knife, according to the Los Angeles County district attorney's office.


Rochelle Monique Sherman, 33; and Paula Roneshia Bradley, 29, were charged with one count each of accessory after the fact.


The complaint also alleges Sherman, who is awaiting extradition from Phoenix, where he was arrested Saturday, used a handgun in the commission of the crimes.


Police have not detailed the roles of the suspects in the robbery and hostage situation. But those in law enforcement familiar with the investigation said there is strong evidence linking the crimes to those charged, including physical evidence and security video.


The incident began about 11 p.m. Thursday at the Promenade at Howard Hughes Center, near the 405 Freeway. Sherman, Hammock and Allen allegedly confronted the employees as they were leaving the store, which had just closed.


As the incident was unfolding, one of the employees called her husband and told him to call 911. The LAPD called a tactical alert and closed off the area around the shopping center. When the police department's SWAT officers arrived, they surrounded the store.


At one point, one of the suspected burglars exited, saw the police and ran back inside. A second suspected burglar walked out with an unidentified woman, saw police and also headed back inside. The officers entered the store at 3:30 a.m. and freed the captives.


At least three of the employees were injured, including at least one woman who was sexually assaulted. Another woman was stabbed in the neck and sustained non-life-threatening injuries, and a third employee was pistol-whipped, police said. LAPD Chief Charlie Beck praised the employees for their bravery and composure.


Beck would not discuss whether the robbers hid in the store or gained entrance after it closed. Nor would he say how long they remained in the store before fleeing in a white SUV, or discuss how much cash was taken in the robbery.





Read More..

Facebook search to generate revenue, no rival to Google: analysts






(Reuters) – Facebook Inc’s new search tool has strong potential to generate revenue for the social networking company, though it is unlikely to challenge Google Inc as the world’s dominant search engine, Wall Street analysts said on Wednesday.


Facebook’s “graph search” tool, rolled out on Tuesday, lets its more than 1 billion users trawl their network of friends to find everything from restaurants to movie recommendations and is the company’s biggest foray into online search.






Graph search contains some category suggestions that can be easily monetized, BofA Merrill Lynch analysts said in a note.


“It should be easy to incorporate commercial search results via Facebook’s partnership with Bing,” they added.


Facebook currently has a partnership with Microsoft Corp, whose Bing search engine provides search results for external websites. Microsoft also integrates certain Facebook results into its Bing search results.


BofA Merrill Lynch analysts estimated Facebook could add $ 500 million in annual revenue if it can generate just one paid click per user per year, and raised its price target on the stock by $ 4 to $ 35.


Facebook’s shares were flat at $ 30.10 in early trading on Wednesday. They have jumped about 50 percent since November to Tuesday’s close after months of weakness following its bungled Nasdaq listing in May.


However, analysts at J.P. Morgan Securities said the lack of a timeline for the possible launch of graph search on mobile devices may weigh on the tool’s prospects.


The success of the graph search, which will rely heavily on local information, depends on Facebook launching a mobile product, the analysts said. Half of all searches on mobile devices seek local information, according to Google.


Graph search also lacks the depth of review content of Yelp Inc, the analysts added.


Pivotal Research Group analyst Brian Wieser said monetization potential would be largely determined by Facebook’s ability to generate a significant portion of search query share volumes and he expects that quantity to be relatively low.


“Consumers are likely to continue prioritizing other sources, i.e. Google. Advertisers would consequently only use search if they can, or are perceived to, satisfy their goals efficiently with Facebook,” Wieser said.


NO GOOGLE KILLER


Analysts mostly agreed that Facebook’s search tool was unlikely to challenge Google’s dominance in web search at least in the near term.


“As of now, we do not see Graph Search as a threat to Google Web search. Looking forward, Facebook Graph searches could be competitive with certain categories of Google searches, such as Places and Maps,” BofA Merrill said.


Internet search, social networking tools and e-commerce are among the biggest weapons that companies such as Facebook, Google and Amazon.com Inc have in their battle for supremacy. A successful combination of the three could win the day for them.


Google has been trying to combine social networking and search for more than a year by integrating Google+ into its search engine.


“Overall, Graph Search offers users a unique view to information not available on Google, but does not replace Google. We view the relationship between Facebook Graph Search and Google as both competitive and complementary,” Piper Jaffray & Co analysts said.


The brokerage said users looking to buy a cellphone, for example, could search for friends’ reviews on Facebook and expert reviews on Google.


(Reporting by Sayantani Ghosh in Bangalore; Editing by Sriraj Kalluvila)


Social Media News Headlines – Yahoo! News





Title Post: Facebook search to generate revenue, no rival to Google: analysts
Url Post: http://www.news.fluser.com/facebook-search-to-generate-revenue-no-rival-to-google-analysts/
Link To Post : Facebook search to generate revenue, no rival to Google: analysts
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

Obama calls for research on media in gun violence


NEW YORK (AP) — Hollywood and the video game industry received scant attention Wednesday when President Barack Obama unveiled sweeping proposals for curbing gun violence in the wake of the Newtown, Conn., school shooting.


The White House pressed most forcefully for a reluctant Congress to pass universal background checks and bans on military-style assault weapons and high-capacity ammunition magazines like the ones used in the Newtown, Conn., school shooting.


No connection was suggested between bloody entertainment fictions and real-life violence. Instead, the White House is calling on research on the effect of media and video games on gun violence.


Among the 23 executive measures signed Wednesday by Obama is a directive to the Centers for Disease Control and Prevention and scientific agencies to conduct research into the causes and prevention of gun violence. The order specifically cited "investigating the relationship between video games, media images and violence."


The measure meant that media would not be exempt from conversations about violence, but it also suggested the White House would not make Hollywood, television networks and video game makers a central part of the discussion. It's a relative footnote in the White House's broad, multi-point plan, and Obama did not mention violence in media in his remarks Wednesday.


The White House plan did mention media, but suggested that any effort would be related to ratings systems or technology: "The entertainment and video game industries have a responsibility to give parents tools and choices about the movies and programs their children watch and the games their children play."


The administration is calling on Congress to provide $10 million for the research.


The CDC has been barred by Congress to use funds to "advocate or promote gun control," but the White House order claims that "research on gun violence is not advocacy" and that providing information to Americans on the issue is "critical public health research."


Since 26 were killed by a gunman at Sandy Hook Elementary in December, some have called for changes in the entertainment industry, which regularly churns out first-person shooter video games, grisly primetime dramas and casually violent blockbusters.


Hollywood, in turn, has suggested willingness for self-reflection. Motion Picture Association of America chairman and CEO Christopher Dodd — a former longtime U.S. senator from Connecticut — earlier said the MPAA stands "ready to be part of the national conversation."


After the Newtown massacre, Wayne Pierre, vice-president of the National Rifle Association, attacked the entertainment industry, calling it "a callous, corrupt and corrupting shadow industry that sells and sows violence against its own people." He cited a number of video games and films, most of them many years old, like the movies "American Psycho" and "Natural Born Killers," and the video games "Mortal Kombat" and "Grand Theft Auto."


President Obama's adviser, David Axelrod, had tweeted that he's in favor of gun control, "but shouldn't we also question marketing murder as a game?"


Others have countered that the same video games and movies are played and watched around the world, but that the tragedies of gun violence are for other reasons endemic to the U.S.


Several R-rated films released after Newton have been swept into the debate. Arnold Schwarzenegger, the former California governor and action film star, recently told USA Today in discussing his new shoot-em-up film "The Last Stand": "It's entertainment. People know the difference."


Quentin Tarantino, whose new film "Django Unchained" is a cartoonish, bloody spaghetti western set in the slavery-era South, has often grown testy when questioned about movie violence and real-life violence. Speaking to NPR, Tarantino said it was disrespectful to the memory of the victims to talk about movies: "I don't think one has to do with the other."


In 2011, the Supreme Court rejected a California law banning the sale of violent video games to children. The decision claimed that video games, like other media, are protected by the First Amendment. In dissent, Justice Stephen G. Breyer claimed previous studies showed the link between violence and video games, concluding "the video games in question are particularly likely to harm children."


Justice Antonin Scalia wrote that the government can't regulate depictions of violence, which he said were age-old, anyway: "Grimm's Fairy Tales, for example, are grim indeed."


Read More..

Ask Well: Help for the Deskbound

One of the problems with office work is that many of us are using chairs that don’t fit our bodies very well or give adequate support to the back, said Jack Dennerlein, a professor at Northeastern’s BouvĂ© College of Health Sciences in Boston who specializes in ergonomics and safety. If you are experiencing back pain, you may be able to adjust your chair to increase its lumbar support. A good office chair will have an adjustable seat pan that you can slide back and forth as well as adjustable back and height features. First, sit in the chair so the lumbar region of your back, your lower back, is resting on the back support. At the same time, your feet should be resting comfortably on the ground and the back of your knees should be about three-finger widths from the edge of the chair, said Dr. Dennerlein.

Some high-end chair brands have adjustable seat pans, including the Steelcase Leap chair, which retails for between $800 and $900 and offers an adjustable seat and plenty of lumbar support.

The Steelcase Criterion chair sells anywhere from $350 to $850 online, depending on the model, and boasts seven different adjustments “to offer support through the full range of dynamic seating postures.”

The HumanScale Freedom chair is the winner of several design awards and also has an adjustable seat pan as well as “weight-sensitive recline, synchronously adjustable armrests, and dynamically positioned headrest.” ($400 to $1,400)

The Herman Miller Aeron chair is also popular because it comes in small, medium and large sizes and claims a PostureFit design that “supports the way your pelvis tilts naturally forward, so that your spine stays aligned and you avoid back pain.” ($680 to $850)

If all that sounds really wonderful and really too expensive, there may be a simpler solution to ease your back pain at work. Invest $15 to $30 in a lumbar chair pillow to make sure your back is getting the support it needs even when you are not sitting in a $900 chair.

Read More..

FTC says POM Wonderful juice ads were deceptive









The Federal Trade Commission has upheld a judge’s finding that the owners of POM Wonderful pomegranate juice made false claims about the health benefits of their products.


The commission found that dozens of POM Wonderful advertisements made deceptive claims that its juice was proven to treat heart disease, prostate cancer and erectile dysfunction.


Los Angeles-based POM Wonderful and its owners, Stewart and Lynda Resnick, had asked the FTC to overturn an administrative law judge’s May 2012 ruling that the ads were misleading. They argued that the ads were not deceptive and were protected by the 1st Amendment.





The commission rejected the appeal, ordering POM Wonderful to stop making such health claims unless they were supported by two “well-controlled, human clinical trials.”


The company responded to the FTC's decision defiantly, issuing a terse statement that said:


“POM Wonderful categorically rejects the FTC’s assertion that our advertisements made any misleading disease treatment or other health claims. POM has always communicated with our consumers in a transparent, honest and often humorous manner, delivering valuable information about the health benefits of our products.


"This order ignores what $35 million of peer-reviewed scientific research, centuries of traditional medicine and plain common sense have taught us: antioxidant-rich pomegranate products are good for you."


POM Wonderful has 60 days to ask a federal appeals court to reverse the commission’s findings.


The Resnicks helped make pomegranate juice popular by selling it in unique, curvaceous bottles and
promoting its ability to fight disease and even, as one advertisement said, help those who drink it "cheat death."


POM Wonderful is one of several successful brands that the Resnicks control through their company, Roll Global. They include Fiji Water, florist network Teleflora and Paramount Citrus, which produces Cuties, the popular Clementine oranges. They are also one of the world's largest growers of almonds and pistachios.


Forbes magazine has estimated the Resnicks' net worth at $2 billion. The couple used their wealth to make a $45-million contribution to the Los Angeles County Museum of Art, which opened the Lynda
and Stewart Resnick Exhibition Pavilion.


ALSO:


Horse meat found in burgers in Ireland, Britain


Dunkin' Donuts making comeback in Southern California


Goldman, Morgan Stanley settle foreclosure cases for $557 million


Follow Stuart Pfeifer on Twitter







Read More..

L.A. City Council drops $3-billion bond measure for this year









The Los Angeles City Council scrapped plans Tuesday for placing a $3-billion bond measure on the May 21 ballot, opting instead to consider it in a future election year.


Councilmen Mitchell Englander and Joe Buscaino, who had proposed the bond, said they would spend more time communicating with the public about the proposal before trying to send it to voters. "We're going to continue working on this, obviously," said Buscaino, whose district stretches from San Pedro to Watts.


The proposal, which would have increased property taxes for 20 years, had signatures from seven of the council's 15 members only two weeks ago. But in recent days, some on the council complained there hadn’t been enough outreach to the public.








Some neighborhood activists had warned that a protracted debate over the bond measure would doom passage of a proposed half-cent sales tax hike, which is on the March 5 ballot and being promoted as a way to eliminate potholes. The sales tax, known as Proposition A, is seen as a way of erasing a $220-million budget shortfall.


The search for street repair money is being driven, in part, by a fear that major sources of funding for road work are disappearing. Money from Proposition 1B, a state measure that provided $87 million for streets over a three-year period, runs out in June. Funding from President Obama’s stimulus package was depleted in summer.

A 2011 survey found that nearly one-third of the city’s streets are in D or F condition, the worst rating possible. With the current funding available, repairing those streets will take 60 years, city officials said.


The general fund, which pays for basic services, provides less than 1% of the money allocated by the city for street maintenance and repairs. Nevertheless, city officials have managed to increase the amount it spends on road work anyway, by tapping state and federal funding and special transportation taxes.





Read More..

Apple supplier sees big Q4 boost, likely a good sign for iPhone 5 demand






Shares of Apple (AAPL) have been hit hard over the last few days. Investors continue to worry about the company’s profit margins, demand for its popular line of smartphones and tablets, and its future endeavors. With upcoming competition from Research in Motion (RIMM) and Microsoft (MSFT), and an ongoing battle with Google’s (GOOG) Android operating system, analysts fear that Apple’s mobile dominance may be a thing of the past. While we won’t officially know anything until the company reports its holiday earnings on January 23rd, a small German company has painted a calming picture for Apple shareholders.


[More from BGR: HTC One SV review]






Dialog Semiconductor announced last week that it expects to report a significant increase in sales for its December quarter. The company noted that the increase was due to “a stronger than anticipated end of year, underpinned by a strong late surge in demand for smartphone and tablet products.” Dialog Semiconductor now expects to report revenues of $ 268 million, an increase from between $ 215 million and $ 235 million.


[More from BGR: Extensive BlackBerry Z10 demo video posted by German website [video]]


The important thing to note is that, as of this past fall, Apple is Dialog’s largest customer and accounts for 60% of its total revenue.


Logic dictates that solid demand for Apple’s iPhone and iPad during the holidays helped boost Dialog’s performance. This could also mean that the iPhone-maker will report not only a strong December quarter, but a better-than-expected March quarter as well.


It looks like all this talk about customers losing interest in Apple may indeed be premature.


This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News





Title Post: Apple supplier sees big Q4 boost, likely a good sign for iPhone 5 demand
Url Post: http://www.news.fluser.com/apple-supplier-sees-big-q4-boost-likely-a-good-sign-for-iphone-5-demand/
Link To Post : Apple supplier sees big Q4 boost, likely a good sign for iPhone 5 demand
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

'American Idol' returns betting big on new judges


LOS ANGELES (AP) — "American Idol" is facing a $36 million-plus question: Will that combined paycheck lavished on superstar judges Mariah Carey, Nicki Minaj and Keith Urban pay off in ratings?


The newcomers have their work cut out for them whether they earn it with colorful feuding — ladies, you know who we're talking about — or by discovering a singer who can charm America.


The talent show, a TV groundbreaker when it debuted in 2002 despite a starless panel with Simon Cowell, Randy Jackson and Paula Abdul, needs every edge as its audience erodes and other contests emerge as challengers.


"I think it's actually a renewal (of 'Idol') every couple of years, and what you're seeing now is this panel has reinvigorated the show," said Mike Darnell, Fox president of alternative entertainment.


NBC's "The Voice," one of the newcomers, enjoyed immediate success with brand-name panelists Christina Aguilera, Blake Shelton, Cee Lo Green and Adam Levine. But famous faces don't guarantee a return, as Cowell's "The X Factor" most recently proved.


Britney Spears, whose lackluster performance failed to capitalize on buzz about her intriguing foray into live TV, split from the show last week. It was a $15 million lesson for all interested parties.


But "American Idol," returning Wednesday (8 p.m. EST) with host Ryan Seacrest, has to make noise as it hits relative old age for a TV series, with its ratings still hefty but on a steady downward spiral.


Last season, "Idol" lost its status as the most-watched TV program for the first time since 2003, eclipsed by NBC's "Sunday Night Football," and pegged its lowest-rated season since it debuted in summer 2002.


An open-wallet approach worked for "Idol" before, with Jennifer Lopez validating her $12 million paycheck by helping (with Steven Tyler) to boost the show's ratings in 2011. That allowed Ellen DeGeneres' short-lived and genially unimpressive judging stint that ended in 2010 to fade into memory.


The result: Carey is raking in close to $18 million, Minaj is getting $12 million and Urban's take is a reported $6 million for the season.


Add in mainstay Jackson's share (in the reported single-digit millions) and that's a platinum-plated group. But it's potentially money well spent for a show that, en route to living up to its title of finding new pop stars, has to keep viewers firmly engaged.


Finding a breakout star like Kelly Clarkson or Carrie Underwood or Jennifer Hudson is one way to do it, but the odds are long. So it's up to the professionals to step in.


"It's more of an entertainment show than anything else, and if judges can supply the entertainment that's an ingredient for success," said analyst Brad Adgate of Horizon Media. "With 'X Factor' that didn't happen and the show didn't get into the fabric of pop culture."


Carey and Minaj already are demonstrating their potential. Their feud, whether real or fabricated, has produced such head-shaking, headline-making moments as Carey alleging that Minaj threatened to shoot her after a taping. The rapper responded with dismissive tweets.


At a news conference, Minaj tried to downplay the squabble.


"We're professionals. Have you ever had an argument with someone you've worked with?" she said after repeated questions about her working relationship with Carey.


"This was sort of one-sided," interjected Carey.


"No, it wasn't," snapped back Minaj.


Executive producer Nigel Lythgoe said the judges won't disappoint, including Urban, whom he calls a sweetheart who "sticks up for himself." The singer is expected to reinforce the show's country fan base that has boosted the fortunes of contestants including Southern crooner Scotty McCreey.


Jackson is proving tougher on contestants than in the past, Lythgoe said.


Then there are the divas.


"Nicki can get into it with anybody. She's one of the best judges ever. ... She finds an angle and drives it home," Lythgoe said. As for Carey, she's a "true legand" who is the first "to put her arms out if someone's not going through or she's happy with someone."


In an interview, Minaj described giving the show her all.


"I didn't expect to cry on 'American Idol.' I always said, 'Why do they (judges) cry on those shows? That's so stupid. Get a life.' But now I take that back," Minaj said. "When you're looking into someone's eyes and they gave their all and you know their journey ends here, it's a tough pill to swallow.


"Then you have to join the machine again and keep on judging," she added.


Fox executive Darnell expressed optimism that "Idol," an especially critical part of the network's schedule after a rough start to the season for Fox, remains TV royalty.


He conceded the talent show marketplace is overcrowded and "they're all taking each other down a little bit," each losing up to 20 percent in viewers.


But "American Idol" remains "the king of the shows. This is the one and the only one that makes stars, period," Darnell said. "And I think people will keep coming back to it for that reason."


___


Online:


http://www.fox.com


Read More..

Vital Signs: Nutrition: Vitamin D Doesn’t Reduce Knee Pain

About 27 million people in the United States have osteoarthritis, an incurable condition with few effective treatments beyond pain control. Some observational evidence suggests that vitamin D supplements might slow progression of the disease.

But a two-year randomized placebo-controlled study found that vitamin D did not reduce knee pain or restore cartilage.

In an article published in The Journal of the American Medical Association last week, researchers described a study of 146 men and women with painful knee arthritis who were randomly assigned to take vitamin D supplements or placebos. Vitamin D was given in quantities sufficient to raise blood levels to 36 nanograms per milliliter, a level considered sufficient for good health.

Knee pain decreased slightly in both groups, but there were no differences in the amount of cartilage lost, bone mineral density or joint deterioration as measured by X-rays and M.R.I. scans.

The lead author, Dr. Timothy McAlindon, chief of the division of rheumatology at Tufts Medical Center, said taking vitamin D in higher doses or for longer periods might make a difference, but he’s not hopeful.

“Although there were lots of promising observational data, we find no efficacy of vitamin D for knee osteoarthritis,” he said. “There may be reasons to take vitamin D supplements, but knee osteoarthritis is not one of them.”

Read More..

Stocks edge lower; Apple extends decline









Stocks edged lower on Wall Street Tuesday as tensions flared in Washington over increasing the country's borrowing limit.

Treasury Secretary Timothy Geithner told congressional leaders in a letter late Monday that the U.S. government will reach its borrowing limit as soon as mid-February, earlier than expected. Federal Reserve Chairman Ben Bernanke also commented on the issue Monday, saying it was one of the “critical fiscal watersheds” for the government in coming weeks.

The Dow Jones industrial average fell 11 points to 13,495 as of 1:52 p.m. EST, having been down as much as 61 points in early trading. The Standard and Poor's 500 dropped two points to 1,468, the Nasdaq composite index fell 13 points to 3,105.

President Barack Obama has criticized congressional Republicans for linking talks over raising the debt ceiling to ongoing budget negotiations. Obama said the consequences of the U.S. government defaulting on its debt would be disastrous and shouldn't be used as a bargaining chip to extract concessions on spending cuts.

“We are very concerned how the market is going to respond to all the news events that will be coming out of Washington over the next few months,” said Eric Wiegand, a senior portfolio manager at U.S. Bank Wealth Management. “It really comes down to the uncertainty and the risk of a further downgrade of our debt.”

Markets were roiled in the summer of 2011 as lawmakers haggled over an increase to the debt limit. The dispute cost the U.S. its AAA ranking from the credit-rating firm Standard and Poor's.

The U.S. fiscal crisis is still the biggest single individual risk facing investors, with 37 percent of investors naming it as the biggest worry, according to a survey of fund managers published by Bank of America Merrill Lynch Tuesday. The European debt crisis was cited as the biggest concern by 23 percent of those polled and a “hard landing” for the Chinese economy was third on the list with 12 percent.

Apple fell $14 to $487.50, its third daily drop. The stock hasn't closed below $500 in almost a year. Apple slumped 3.6 percent Monday on concern that demand for its iPhone 5 is slowing. Nomura analysts today lowered their target price for the stock to $530 from $660 and cut their estimates for iPhone sales this year.

Stocks dropped Tuesday despite a report that retail sales increased in December. Consumers bought more autos, furniture and clothing, despite worries about potential tax increases. Sales rose 0.5 percent in December from November, slightly better than November's 0.4 percent increase and the best showing since September, the Commerce Department said Tuesday.

Investors may be more concerned about January's retail figures now that the increase in the Social Security payroll tax has come into effect, said Doug Cote, chief market strategist at ING Investment Management.

The tax jumped back to 6.2 percent earlier this month after President Barack Obama failed to win renewal of the temporary 2 percentage point payroll tax cut that's been in place for two years, as part of a deal that stopped the U.S. going over the “fiscal cliff.”

“The market is kind of looking past it because of the change in the tax regime,” said ING's Cote. “Are consumers going to be able to spend like they did in December and in earlier years? … I think not.”

The outlook for manufacturing in New York state worsened in January, according to survey by the Federal Reserve Bank of New York. The bank's Empire State Manufacturing Survey produced a reading of minus 7.8 for the month, indicating contraction.

Both the S&P 500 and the Dow are up on the year, having surged in the first week of January after lawmakers reached a last-minute budget deal to stop the economy going over the “cliff.” The agreement prevented a series of tax increases and spending cuts that would probably have pushed the U.S. economy back into recession, according to economists.

Optimism about the outlook for global growth has also boosted stocks.

The S&P 500 is up 2.9 percent this year and closed at a five -year high of 1,472 last week. The 30-member Dow is up 3 percent since the start of 2013.

The yield on the 10-year Treasury price, which moves inversely to its price, fell 1 basis point to 1.83 percent.

Among other stocks making big moves;

— United Continental Holdings, the airline operator, fell 10 cents to $25.89 after JPMorgan cut its rating on the company to “neutral” from “overweight” to reflect the fact that the stock has already risen 40 percent in the past 12 months.

— Lululemon Athletica, a maker of yoga apparel, dropped $3.15 to $69.17 after its revenue forecast fell short of analysts' estimates.

— Given Imaging Ltd. fell $2.16 to $16 after the medical equipment company said it was no longer considering a sale. Also one of its largest shareholders plans to sell its stake.

— Facebook fell 51 cents to $30.42, paring its gains for the year to 14 percent, after the company unveiled a new search feature on Tuesday that lets users search their social connections for information about people, interests, photos and places.

Read More..