AP Source: Lady Gaga to perform at inaugural ball


WASHINGTON (AP) — Watch out Beyonce (bee-AHN'-say) and Katy Perry. There's another diva set to perform during the inauguration festivities — Lady Gaga.


A person familiar with the inauguration tells The Associated Press that the pop star will perform at Tuesday's ball for White House staffers. The source spoke on condition of anonymity because that person wasn't authorized to publicly reveal the information.


The staff ball is typically a private affair. During the last inauguration festivities, Jay-Z reportedly performed at it.


According to one attendee, Jay-Z rapped a riff on one of his hit songs, "99 Problems but George Bush Ain't One," to the delight of the throngs of young staffers who worked to elect Obama in 2008.


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Personal Health: That Loving Feeling Takes a Lot of Work

When people fall in love and decide to marry, the expectation is nearly always that love and marriage and the happiness they bring will last; as the vows say, till death do us part. Only the most cynical among us would think, walking down the aisle, that if things don’t work out, “We can always split.”

But the divorce rate in the United States is half the marriage rate, and that does not bode well for this cherished institution.

While some divorces are clearly justified by physical or emotional abuse, intolerable infidelity, addictive behavior or irreconcilable incompatibility, experts say many severed marriages seem to have just withered and died from a lack of effort to keep the embers of love alive.


Jane Brody speaks about love and marriage.



I say “embers” because the flame of love — the feelings that prompt people to forget all their troubles and fly down the street with wings on their feet — does not last very long, and cannot if lovers are ever to get anything done. The passion ignited by a new love inevitably cools and must mature into the caring, compassion and companionship that can sustain a long-lasting relationship.

Studies by Richard E. Lucas and colleagues at Michigan State University have shown that the happiness boost that occurs with marriage lasts only about two years, after which people revert to their former levels of happiness — or unhappiness.

Infatuation and passion have even shorter life spans, and must evolve into “companionate love, composed more of deep affection, connection and liking,” according to Sonja Lyubomirsky, a professor of psychology at the University of California, Riverside.

In her new book, “The Myths of Happiness,” Dr. Lyubomirsky describes a slew of research-tested actions and words that can do wonders to keep love alive.

She points out that the natural human tendency to become “habituated” to positive circumstances — to get so used to things that make us feel good that they no longer do — can be the death knell of marital happiness. Psychologists call it “hedonic adaptation”: things that thrill us tend to be short-lived.

So Dr. Lyubomirsky’s first suggestion is to adopt measures to avert, or at least slow down, the habituation that can lead to boredom and marital dissatisfaction. While her methods may seem obvious, many married couples forget to put them into practice.

Building Companionship

Steps to slow, prevent or counteract hedonic adaptation and rescue a so-so marriage should be taken long before the union is in trouble, Dr. Lyubomirsky urges. Her recommended strategies include making time to be together and talk, truly listening to each other, and expressing admiration and affection.

Dr. Lyubomirsky emphasizes “the importance of appreciation”: count your blessings and resist taking a spouse for granted. Routinely remind yourself and your partner of what you appreciate about the person and the marriage.

Also important is variety, which is innately stimulating and rewarding and “critical if we want to stave off adaptation,” the psychologist writes. Mix things up, be spontaneous, change how you do things with your partner to keep your relationship “fresh, meaningful and positive.”

Novelty is a powerful aphrodisiac that can also enhance the pleasures of marital sex. But Dr. Lyubomirsky admits that “science has uncovered precious little about how to sustain passionate love.” She likens its decline to growing up or growing old, “simply part of being human.”

Variety goes hand in hand with another tip: surprise. With time, partners tend to get to know each other all too well, and they can fall into routines that become stultifying. Shake it up. Try new activities, new places, new friends. Learn new skills together.

Although I’ve been a “water bug” my whole life, my husband could swim only as far as he could hold his breath. We were able to enjoy the water together when we both learned to kayak.

“A pat on the back, a squeeze of the hand, a hug, an arm around the shoulder — the science of touch suggests that it can save a so-so marriage,” Dr. Lyubomirsky writes. “Introducing more (nonsexual) touching and affection on a daily basis will go a long way in rekindling the warmth and tenderness.”

She suggests “increasing the amount of physical contact in your relationship by a set amount each week” within the comfort level of the spouses’ personalities, backgrounds and openness to nonsexual touch.

Positive Energy

A long-married friend recently told me that her husband said he missed being touched and hugged. And she wondered what the two of them would talk about when they became empty-nesters. Now is the time, dear friend, to work on a more mutually rewarding relationship if you want your marriage to last.

Support your partner’s values, goals and dreams, and greet his or her good news with interest and delight. My husband’s passion lay in writing for the musical theater. When his day job moved to a different city, I suggested that rather than looking for a new one, he pursue his dream. It never became monetarily rewarding, but his vocation fulfilled him and thrilled me. He left a legacy of marvelous lyrics for more than a dozen shows.

Even a marriage that has been marred by negative, angry or hurtful remarks can often be rescued by filling the home with words and actions that elicit positive emotions, psychology research has shown.

According to studies by Barbara L. Fredrickson, a social psychologist and professor at the University of North Carolina at Chapel Hill, a flourishing relationship needs three times as many positive emotions as negative ones. In her forthcoming book, “Love 2.0,” Dr. Fredrickson says that cultivating positive energy everyday “motivates us to reach out for a hug more often or share and inspiring or silly idea or image.”

Dr. Lyubomirsky reports that happily married couples average five positive verbal and emotional expressions toward one another for every negative expression, but “very unhappy couples display ratios of less than one to one.”

To help get your relationship on a happier track, the psychologist suggests keeping a diary of positive and negative events that occur between you and your partner, and striving to increase the ratio of positive to negative.

She suggests asking yourself each morning, “What can I do for five minutes today to make my partner’s life better?” The simplest acts, like sharing an amusing event, smiling, or being playful, can enhance marital happiness.


This post has been revised to reflect the following correction:

Correction: January 18, 2013

The Personal Health column on Tuesday, about making marriages last, misspelled the given name of a professor of psychology at the University of California, Riverside, who studies happiness. She is Sonja Lyubomirsky, not Sonya.

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Downtown L.A.'s edgy arts district is neighborhood in transition









When Gideon Kotzer set out to open a discount electronics store in the mid-1990s, he deliberately chose an old warehouse in the cultural middle of nowhere — the arts district of downtown Los Angeles, which charitably could be called sketchy.


Crazy Gideon's on Traction Avenue became an island of commerce in an area that saw little other retail activity beyond illegal drug sales. The store's remoteness in an otherwise unwelcoming warren of aging brick and concrete industrial buildings was central to Kotzer's business strategy.


"He bought that space with the mind-set that if people would drive to a desolate, faraway neighborhood, they wouldn't want to leave empty-handed," his son Daniel Kotzer said.








PHOTOS: A neighborhood in transition


Crazy Gideon's has closed, and its formerly shabby space in the 1917 structure is expected to open to the public again this year as an expansive brew pub serving house-made beer with meals. The upgrade is emblematic of changes going on throughout the arts district.


The neighborhood along the Los Angeles River east of downtown's Civic Center is drawing favorable comparisons to New York's meatpacking district, where trendy shops, restaurants, hotels and offices have taken over many industrial buildings that were strictly blue collar for decades.


The transformation has such momentum that some of the neighborhood's biggest supporters expect that it will be difficult to find artists in the arts district in another decade as gentrification drives up rents and pushes low-paid artists to cheaper locales.


But for now, the arts district is in a sweet spot of transition for many. Vegetable wholesalers and furniture makers share streets with top-flight restaurants and front-line technology and entertainment firms. Its walls sport elaborate murals — and foreboding razor wire.


"There are very rough patches," said architect Scott Johnson, who lives in a condominium on Industrial Street. "It's muscular. It's complicated. It's interesting."


Part of the appeal for Johnson, who lived in the meatpacking district in the late 1970s, is the roughness most suburbanites would find off-putting. He calls it "authenticity" in a time when "we're getting bombarded with fake stuff."


The spine of the arts district is Mateo Street, a truck-laden thoroughfare named after early landowner Matthew "Don Mateo" Keller. The district evolved from agricultural uses including Mateo's winery in the mid-1800s to being the city's industrial heart in the early 20th century.


One of the most ambitious private developments of that era was Union Terminal Annex, which was connected by rail to the city's seaport and was the second-largest wholesale terminal in the world. Two of the four large remaining buildings are occupied by clothing manufacturer American Apparel Inc., and the owners are improving and divvying up long-vacant remaining space for other business tenants including the makers of Splendid and Ella Moss apparel.


The advanced age of the neighborhood's buildings worked against the district in recent decades as businesses moved to more modern, efficient industrial properties elsewhere in the region. Those that remained often barricaded themselves behind tall gates and barbed wire as the area gained a reputation for crime and homelessness.


"There were drug addicts and prostitutes on the corner when we started," said restaurateur Yassmin Sarmadi, who began working on French bistro Church & State seven years ago. "Now limousines pull up on a regular basis."


Sarmadi opened her bistro in the former West Coast headquarters of National Biscuit Co., a seven-story factory built in 1925 that was renovated and converted to condos in 2006. She was attracted to the historic nature of the building, she said, and the fact that it was remote from the elite restaurant enclaves of the Westside.


"It was far more exciting for me to be in a place that wasn't already 'there,' so to speak," Sarmadi said.


She lives in the arts district and enjoys the company of artists who are neighbors, but knows that the march of prosperity will make it hard for some of them to stay. It may take 10 more years to become as affluent as once-lowly Venice, Sarmadi said, but gentrification will come.


"I think it's inevitable," she said. "It brings a tear to my eye, but it's also progress."


Guiding change is Tyler Stonebraker, who helps young businesses such as film and television production company Skunk set up shop in old warehouses and factories.


Stonebraker's real estate firm Creative Space caters to creative companies that consider nontraditional offices essential to their identities and part of their appeal to desirable workers in the millennial generation.





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Andrea Alarcon resigns powerful L.A. Board of Public Works post









Los Angeles Board of Public Works President Andrea Alarcon announced Friday that she is resigning from her post, and she apologized for what she described as "the missteps of my past."

Police have been investigating Alarcon, 33, on suspicion of child endangerment after her 11-year-old daughter was found unattended at City Hall on the night of Nov. 16. She also is facing separate child-endangerment and drunk-driving charges in San Bernardino County.

Alarcon, an appointee of Mayor Antonio Villaraigosa, did not mention either incident specifically in her announcement, saying instead that she had learned "difficult lessons."

"I understand and have prayed deeply on the gravity of my actions. I have profound regret for the missteps of my past and apologize to the Mayor, Council, Department of Public Works, the city family and the residents of Los Angeles," she said in a statement.


"I am grateful for the difficult lessons that I have learned and am now healthier and stronger," she said. "Through this experience, I have been reminded of my most important job -- being a mom. I look forward to the next chapter in my life dedicated to my family and my daughter. I ask that our privacy be respected as we continue to heal. It has been an honor and privilege to serve this great city."


Alarcon went on a leave of absence in the wake of the incident in November, saying she was seeking professional help.








Los Angeles County Dist. Atty. Jackie Lacey's office determined that the matter being investigated by the Los Angeles Police Department did not rise to the level of a felony and forwarded the case to City Atty. Carmen Trutanich. Trutanich's office said recently it would likely send the matter to state Atty. Gen. Kamala Harris because Alarcon, as a city employee, is a client.


Alarcon’s father, City Councilman Richard Alarcon, said his daughter did not receive a special severance package and was under no pressure from Villaraigosa to leave her $130,000-a-year post.


"As a father, it gives me pride to know when your kids make a misstep, they can recover," he said. "And as a father, I'm relieved that she's getting out of the glass house and I'm very excited about her future.”


Alarcon's last day of city employment is set for Wednesday.


Villaraigosa said in a statement that Alarcon was "tireless" in her work at the Board of Public Works, which handles such issues as trash pickup, street repair, sidewalk maintenance and sewer systems.

"I am encouraged by her commitment to addressing personal issues that have surfaced in recent months and know that she is already on a good path forward," the mayor said.





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In Which Actual Joe Biden and ‘Onion’ Joe Biden Pal Around on Reddit and Twitter






The Onion‘s brilliant creation, “Diamond” Joe Biden, stopped by Reddit, in character, for one of the site’s signature Ask Me Anything sessions on Friday afternoon. And, hey, look who asked something over Twitter just as the AMA began:



Q for @reddit AMA with my @theonion pal: A Trans-Am? Ever look under the hood of a Corvette? #imavetteguy –VP twitter.com/VP/status/2923…






— Office of VP Biden (@VP) January 18, 2013


So that happened, and it’s so beyond meta that our heads hurt. It confirms that the vice-president (or at least his office) is aware of his satirical alter-ego: the foul-mouthed, Trans-Am-driving, skirt-chaser known to hundreds of Onion articles. And, of course, “Diamond” Joe answered:


RELATED: The Real Joe Biden vs. The Onion’s Joe Biden: A Quiz


So why would Actual Joe Biden indulge the funniest incarnation of the Uncle Joe Biden whom the Internet loves so much? Maybe he thinks he’s funny! After all, Actual Joe Biden is pretty funny himself, and “Diamond” Joe’s answers on Reddit this afternoon didn’t disappoint. Some highlights:


RELATED: The Gingriches Endorse Meryl Streep; Alec Baldwin’s Mayoral Two-Step


And another:


RELATED: How Joe Biden Stages Those Average-Joe Pictures… in Pictures


8eade  4f2570aadcda87ffa174c9e396a9a743 640x138 In Which Actual Joe Biden and Onion Joe Biden Pal Around on Reddit and Twitter


One more:


8eade  d8f4bc9006a58d7fb7023f4b958f4ba5 640x137 In Which Actual Joe Biden and Onion Joe Biden Pal Around on Reddit and Twitter


And, yes, there’s a theme here:


8eade  95a4b46ca936267d4f43e3122923cd2d 640x188 In Which Actual Joe Biden and Onion Joe Biden Pal Around on Reddit and Twitter


Social Media News Headlines – Yahoo! News




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'Ripper Street' stars Macfadyen, 1880s London


PASADENA, Calif. (AP) — Matthew Macfadyen is perfectly presentable in jeans and a crewneck sweater that coordinates nicely with the blue of his eyes.


But the look is far from the elegant attire he wore as Mr. Darcy opposite Keira Knightley's Elizabeth in the 2005 film "Pride & Prejudice." And his posture is just as casual, which he acknowledges might offend the aristocratic character's diehard fans.


"You're slouching! What are you doing? Stand up straight, man!" Macfadyen says, teasing himself.


He looks back fondly on what he calls the "iconic" role drawn from Jane Austen's novel. But the British actor who's also known to audiences for his part as an intelligence officer in the series "MI-5" ("Spooks" in the U.K.) welcomes the chance to switch gears.


"I, as most actors, want to mix it up and do different things. Otherwise it gets boring and tiresome, not only for yourself but for everyone else seeing you do the same kind of thing," he said. "The joy of being an actor is to play different parts, do something different."


Macfadyen's latest chance for diversity comes in "Ripper Street," an 1880s police drama set on the gritty and untamed streets of London's East End around the period that serial killer Jack the Ripper terrorized the area.


The series, starring Macfadyen as Detective Inspector Edmund Reid, debuts Saturday (9 p.m. EST) on BBC America after starting its British run this month. BBC America is home to another rough-and-tumble, 18th-century police drama, "Copper," set in 1860s New York City and the channel's first original scripted series.


The mysterious and brutal Jack the Ripper has been recycled throughout pop culture in films including 1979's "Time After Time" and 2001's "From Hell" with Johnny Depp. But series creator Richard Warlow said the killer is a backdrop and invisible character for "Ripper Street."


"What we wanted to do really was to tell stories about the streets down which he walked and committed his crimes in the wake of those terrible murders," Warlow said, "and how it affected the community and, most importantly, the police that tried and failed to catch him."


Each episode will include what he called a "stand-alone crime" as well as pull at the thread of Reid's life, including those surrounding him at work and at home.


Macfadyen said he was reluctant to take on another series after two plus-seasons on "MI-5" because of TV's demanding production schedules. Then the "Ripper Street" pilot script came his way last year.


"I thought the Jack the Ripper thing had been done before ... but I loved it. The thing that was most attractive was the language and the way he (Warlow) constructs the sentences ... they feel very muscular without feeling sort of wanky and silly. ... They feel very muscular."


There is an antiquated eloquence to the dialogue that contrasts with the drama's mean streets and violent sexuality of the first case tackled by Reid and his cohorts, police Sgt. Bennet Drake (Jerome Flynn, "Game of Thrones") and American forensics whiz Capt. Homer Jackson (Adam Rothenberg, "The Ex List").


Macfadyen said he was drawn to his character's modern sensibility.


Reid isn't "a sort of stock detective character. He's a very free thinking, forward-looking kind of man, not a sort of jaded 'seen it all' copper. So I was intrigued by that," he said.


The detective's viewpoint is so expansive that he can't resist admiring the potential of an early version of a motion picture camera — even when he's just thwarted its use in making a 19th-century snuff film.


The scene had slipped Macfadyen's mind when he watched the episode at home in London and his wife, actress Keeley Hawes ("Upstairs Downstairs"), suddenly took alarmed note of what was unfolding on the screen.


"My 12-year-old stepson was watching and we said, 'OK, bedtime!" said Macfadyen, who has two children with Hawes.


But he considers the show "punchy and brave" for a mature audience and would like to see it go at least another season, in part for selfish reasons.


"Jerome, Adam and I get on so well, very happily. I know actors always say they love each other," he said, then smiled. "That's not always the case."


___


Online:


http://www.bbcamerica.com


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Well: A Great Grain Adventure

This week, the Recipes for Health columnist Martha Rose Shulman asks readers to go beyond wild rice and get adventurous with their grains. She offers new recipes with some unusual grains you may not have ever cooked or eaten. Her recipes this week include:

Millet: Millet can be used in bird seed and animal feed, but the grain is enjoying a renaissance in the United States right now as a great source of gluten-free nutrition. It can be used in savory or sweet foods and, depending on how it’s cooked, can be crunchy or creamy. To avoid mushy millet, Ms. Shulman advises cooking no more than 2/3 cup at a time. Toast the seeds in a little oil first and take care not to stir the millet once you have added the water so you will get a fluffy result.

Triticale: This hearty, toothsome grain is a hybrid made from wheat and rye. It is a good source of phosphorus and a very good source of magnesium. It has a chewy texture and earthy flavor, similar to wheatberries.

Farro: Farro has a nutty flavor and a chewy texture, and holds up well in cooking because it doesn’t get mushy. When using farro in a salad, cook it until you see that the grains have begun to splay so they won’t be too chewy and can absorb the dressing properly.

Buckwheat: Buckwheat isn’t related to wheat and is actually a great gluten-free alternative. Ms. Shulman uses buckwheat soba noodles to add a nutty flavor and wholesomeness to her Skillet Soba Salad.

Here are five new ways to cook with grains.

Skillet Brown Rice, Barley or Triticale Salad With Mushrooms and Endive: Triticale is a hybrid grain made from wheat and rye, but any hearty grain would work in this salad.


Skillet Beet and Farro Salad: This hearty winter salad can be a meal or a side dish, and warming it in the skillet makes it particularly comforting.


Warm Millet, Carrot and Kale Salad With Curry-Scented Dressing: Millet can be tricky to cook, but if you are careful, you will be rewarded with a fluffy and delicious salad.


Skillet Wild Rice, Walnut and Broccoli Salad: Broccoli flowers catch the nutty, lemony dressing in this winter salad.


Skillet Soba, Baked Tofu and Green Bean Salad With Spicy Dressing: The nutty flavor of buckwheat soba noodles makes for a delicious salad.


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Wall Street clocks third straight week of gains












Better earnings from General Electric and Morgan Stanley helped the stock market inch higher Friday, as major indexes closed out their third straight week of gains.

GE led the 30 stocks in the Dow Jones industrial average after the conglomerate reported stronger quarterly earnings, thanks to orders from Brazil, Angola and other developing countries. Profits increased at all seven of its industrial segments, including oil and gas, energy management, aviation and transportation. GE climbed 74 cents to $22.04.

The Dow gained 53.68 points to end at 13,649.70.

The Standard & Poor's 500 index rose 5.04 points to 1,485.98, while the Nasdaq composite fell 1.30 points to 3,134.70.

Even though investors had plenty of news to digest, trading was largely quiet. “Earnings always matter,” said Rex Macey, the chief investment officer of Wilmington Trust Investment Advisors in Atlanta. “But just because we're in the middle of earnings season doesn't mean we're going to get huge market moves.”

This earnings season is off to a good start so far. Of the 67 companies in the S&P 500 that have reported, 43 have trumped analysts' estimates.

Solid results this week from JPMorgan Chase and others, along with encouraging news on housing and employment, pushed the S&P 500 index to its latest five-year high.

Morgan Stanley's earnings surged across its many business lines, as more companies hired the investment bank to help it raise money and line up mergers. Morgan Stanley gained 8 percent, rising $1.63 to $22.38.

Intel, the world's biggest chipmaker, said late Thursday that fourth-quarter net income fell 27 percent. A growing preference for smartphones and tablets, instead of personal computers and laptops powered by Intel chips, have made investors wary of the company's stock. It lost $1.43 to $21.25.

Norwegian Cruise Line soared 30 percent in its first day of trading, the top performance of the three companies making their public debut on Friday. Five companies raised a total of $1.8 billion through initial public offerings this week, making it the best week for IPOs since early October, according to the data provider Ipreo.

American Express fell 96 cents to $59.78. Hefty charges tied to the credit card issuer's plan to cut jobs and reorganize some business lines hurt results, and revenue fell short of estimates.

Analysts forecast that companies in the S&P 500 will report a 4 percent increase in fourth-quarter earnings over the same period the year before, according to a report out Friday from S&P Capital IQ. They say banks and other financial firms should have the strongest profit growth of any industry. Technology companies like Intel are expected to struggle.

Among other companies in the news:

— Capital One lost 7 percent after reporting revenue and earnings that fell short of analysts' estimates. The bank and credit-card company also lowered its forecast for revenue in the months to come, and many brokerages quickly responded by cutting their outlook for the company's stock. Capital One sank $4.60 to $56.99.

— Life Technologies, a maker of genetic testing equipment, soared 11 percent following reports that it's considering putting itself up for sale. The company's board said it has hired Deutsche Bank Securities and the investment bank Moelis & Co. Life Technologies' stock jumped $5.82 to $60.79.

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Biden delivers preview of White House pitch on gun policies









WASHINGTON – Vice President Joe Biden laid out the White House’s plan to prevent future gun violence before the U.S. Conference of Mayors here Thursday, saying the proposal “isn’t just about guns.”


Speaking to a gathering of the nation’s mayors, Biden acknowledged that they are faced with a plethora of problems, but he labeled gun violence as the most immediate and urgent.


“Everyone acknowledges we have to do something, we have to act,” Biden said, adding that the Newtown, Conn., school shooting has affected the public psyche “in a way I’ve never seen before.”





Biden thanked a number of mayors for their input during the monthlong deliberations that brought in 229 groups to help form the administration’s gun proposals. 


The vice president said he and Obama supported the 2nd Amendment but believe that certain individuals should be “disqualified” from gun ownership and the country needs to make “common-sense judgments” about how to keep military-style weapons off the streets.


PHOTOS: A look ahead at 2013’s political battles


Biden, who spoke extensively about high-capacity ammunition magazines that “leave victims with no chance,” stopped short of making a resounding call for an assault weapons ban.


“The president believes that there should be a new and stronger assault weapons ban,” Biden said, but he admitted that the gun industry would eventually find a way around legislative standards.


But he did call for focus on the nation’s background check system, which is plagued with inadequacies, as The Times noted in a recent article.


“Today there are 17 states that have made fewer than 10 mental health records available on the mental health background system,” Biden said, calling not only for increased funding but for universal background checks to cover all firearm sales.


Taking a jab at the National Rifle Assn.’s proposal that armed guards be placed in every school, Biden trumpeted Obama’s proposal to allow schools to decide on an individual basis whether they want to use federal funds for armed guards or other preventative measures, such as counseling.


“We don’t want rent-a-cops armed in schools,” Biden said, to the applause of a number of mayors.


PHOTOS: Past presidential inaugurations


Also in his pitch, Biden praised adjustments to the nation’s mental health services system included in the Affordable Care Act, with the caveat that there is still much more to be done, and he called for federal agencies to be given more flexibility in examining the underlying factors behind gun violence.


“Quite frankly, we don’t have sufficient data,” he said. “And as an informed society, we need data.”


Biden’s speech, which ran beyond the “10 or 12 minutes” he promised at the onset, provided a preview of the administration’s expected push for its gun proposals to the American public.


“I’ve been in the fight a long time. I have no illusions about the fight ahead of us,” Biden said, adding that he was confident that with public support founded on “common-sense” consensus, “the political obstacles that will be put up in front of us are not impenetrable.”


Follow Politics Now on Twitter and Facebook





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Intel’s revenue forecast short of expectations






SAN FRANCISCO (Reuters) – Intel Corp forecast current-quarter revenue that was slightly below expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.


PC makers are struggling to stop a decline in sales as consumers hold off on buying new laptops in favor of spending on more nimble mobile gadgets.






Microsoft Corp‘s long-awaited launch of Windows 8 in October brought touchscreen features to laptops but failed to spark a resurgence in sales that Intel and many PC manufacturers had hoped for.


Intel said its capital spending in 2013 would be $ 13 billion, plus or minus $ 500 million, exceeding what many analysts had expected.


In the fourth quarter, Intel’s revenue was $ 13.5 billion, compared with $ 13.9 billion a year earlier. Analysts had expected $ 13.53 billion in revenue for the fourth quarter, according to Thomson Reuters I/B/E/S.


Intel estimated first-quarter revenue of $ 12.7 billion, plus or minus $ 500 million. Analysts expected $ 12.91 billion for the current quarter.


Net earnings in the December quarter were $ 2.5 billion, or 48 cents a share, compared with $ 3.4 billion, or 64 cents a share, in the same quarter last year.


(Reporting by Noel Randewich; Editing by Richard Chang)


Gadgets News Headlines – Yahoo! News





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