Oscars 2013: Live Blog of the Academy Awards


Feb 24, 2013 1:13pm


11:55 p.m. ET: Drum roll please! And the Oscar for Best Picture goes to “Argo.”


11: 52 p.m. ET: Surprise! The Academy brings out first lady Michelle Obama to help Jack Nicholson introduce the nominees for Best Picture.

11:44 p.m. ET: Daniel Day-Lewis wins Best Actor, as expected for his portrayal of Abe Lincoln in “Lincoln.” Lewis cracks a joke in his acceptance speech, saying he was supposed to be cast as Margaret Thatcher and presenter Meryl Streep was the first choice for Lincoln. “Meryl Streep was Steven’s first choice to play Lincoln… I’d like to see that version,” Lewis says.


11:43 p.m. ET: Jennifer Lawrence wins Best Actress for “Silver Linings Playbook” and takes a tumble on the way up the stairs to claim her statuette. She brushes it off like the leading lady she is, but keeps the speech very short. Co-star Bradley Cooper’s face is glowing with excitement.


11: 37 p.m. ET: Best Actress category is up next. See how each of these leading ladies — and girl — stacked up on the red carpet. (And a very happy birthday to nominee Emmanuelle Riva, who turns 86 today).


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Credit: Getty Images



11: 33 p.m. ET: Best Director
goes to Ang Lee for “Life of Pi.” It’s his second Oscar win.


11:32 p.m. ET: Four more awards to go!


11:26 p.m. ET: Oscar for Best Original Screenplay goes to Quentin Tarantino for “Django Unchained.” “This will be the writer’s year, man,” a slightly rambling Tarantino says in his acceptance speech after evading the playoff music.  Tarantino also won Best Screenplay at the BAFTAs and the Golden Globes. “Django Unchained” is


11:24 p.m. ET: “Argo” wins Best Adapted Screenplay.


PHOTO SPECIAL: Our Best and Worst Dressed List


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Image credit: Getty Images


11:16 p.m. ET: Frontrunner Adele wins Best Original Song for “Skyfall.” The singer gets emotional in her short acceptance speech and thanks her hubby: “My man, I love you baby.”


11:10 p.m. ET: Best Original Score goes to “Life of Pi.” (More praise for Ang Lee).


11:07 p.m. ET: The stars of “Chicago” take to the stage to mark the tenth anniversary of “Chicago” winning Best Picture. “We’re concerned tonight’s show isn’t gay enough yet,” MacFarlane quipped.


11:00 p.m. ET: Music legend Barbra Streisand is singing “The Way We Were” as a tribute to the late composer Marvin Hamlisch. She’s still got it! (Fun fact: Hamlisch composed the very first “GMA” theme song.)


10: 57 p.m. ET: George Clooney gets the honor of presenting the In Memoriam package. “We thank you for the memories,” the star says. More here from Oscars.com.


MORE: Clooney and Stars Sport Stubble on the Red Carpet


10: 49 p.m.: “Lincoln” wins Best Production Design.


READ MORE: Full Wrap of the Oscars


10: 47 p.m.: Dubbed “boy wizard” and “girl vampire” by MacFarlane, Daniel Radcliffe and Kirsten Stewart present the award for Achievement in Production Design. Stewart is sans the crutches she was sporting on the red carpet earlier. Read all about it here, including what Anne Hathaway reportedly said to Stewart before she went on stage.


Watch Live Oscars Coverage Here


10: 44 p.m. ET: Nicole Kidman introduces the third batch of Best Picture nominees — “Silver Linings Playbook,” “Django Unchained” and ”Amour.”


10:35 p.m. ET: The unstoppable Adele performs her hit “Skyfall.” Our eyes are glued to the TV as our everyone’s backstage, including winner Anne Hathaway, Entertainment Weekly’s Jess Cagle tweeted. There have been some serious performances tonight.


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Image credit: Kevin Winter/Getty Images


10: 33 p.m. ET: “Argo” wins Film Editing.

10: 32 p.m. ET: “Editors make so many of us look way better than we ever had a right to,” Sandra Bullock says before presenting the award for Best Film Editing.


10:23 p.m. ET: No surprise! Anne Hathaway takes home Best Supporting Actress. “It came true,” she says, clutching the statue.


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Image credit: Kevin Winter/Getty Images


10:20 p.m. ET: Best Supporting Actress time … finally!It’s between Amy Adams, “The Master”; Sally Field, “Lincoln”; Anne Hathaway, “Les Miserables”; Jacki Weaver, “Silver Linings Playbook”; Helen Hunt, “The Sessions.”


10:15 p.m. ET: “We have a tie,” Mark Wahlberg said before announcing the award for Best Sound Editing. The first one goes to “Zero Dark Thirty.” The second one goes to “Skyfall.” Is a tie allowed, you ask? It’s not the first in Oscars history.


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Credit: Kevin Winter/Getty Images


The most famous was in 1986 when Barbra Streisand and Katharine Hepburn tied for Best Actress, but there were five in total: Best Actor category in 1949, Best Documentary Short Subject in 1968, Best Actress in 1986, Documentary Feature in 1994, and Live Action Short Film, ABC News’ Alexis Shaw reports. Read all about it here.


10:13 p.m. ET: Ted wouldn’t be Ted without a Jewish joke. The bear asks Mark Wahlberg if he’s Jewish because he has “a berg” at the end of his name.  ” Wrong answer. Try again. If you want to work in this town… ” he says. “I was born Theodore Shapiro…”


10:11 p.m. ET: Ted is in the house. The stars of MacFarlane’s box office hit, “Ted,” Mark Wahlberg and Ted, presented the award for Sound Mixing to “Les Miserables.”


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Image credit: Getty Images


10:01 p.m. ET: The cast of “Les Miserables” is singing “One Day More.” Anne Hathaway stole the show, as expected.


9:59 p.m. ET: No words. Jennifer Hudson is breaking it down with “Dreamgirls’” “And I’m Telling You.”


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Credit: Kevin Winter/Getty Images


9:53 p.m. ET: The movie musical tribute is off to a killer start with Catherine Zeta-Jones’ performance of “All That Jazz” from “Chicago.”


9:50 p.m. ET: Best Foreign Language Film is “Amour.”


9:44 p.m. ET: “Searching for Sugar Man” takes home Best Documentary Feature. Jaws music creeps in again (An aside: there’s an official Twitter handle for Jaws music already with one tweet:GET OFF THE STAGE!!!!!!!!”)


Full List of Winners


9:42 p.m. ET: MarFarlane gets some laughs at the expense of Ben Affleck and Jessica Chastain. On Affleck’s facial hair: “The first time I saw him with all that facial hair I thought finally the Kardashians have made the jump to film.” On Jessica Chastain’s character in “Zero Dark Thirty” — a movie about a “woman’s innate ability to never let anything go,” he jokes.


9:40 p.m. ET: Second batch of Best Picture nominees — “Argo,” “Lincoln,” “Zero Dark Thirty” – get their moment in the spotlight.


9: 36 p.m. ET: Best Documentary Short Subject goes to “Inocente.”


9: 33 p.m. ET: Shawn Christensen of “Curfew” wins for Live Action Short Film. Stars of “Django Unchained” Kerry Washington and Jamie Foxx present.


9:27 p.m. ET: Standing ovation for Shirley Bassey singing “Goldfinger.” Thoughts on her performance?


9: 22 p.m. ET: Bond… James Bond! A ravishing Halle Berry takes to the stage in Marchesa for the Academy’s tribute to 50 years of James Bond films.


9:20 p.m. ET: “Les Miserables” picks up Best Makeup and Hairstyling.


9:18 p.m. ET: Jennifer Aniston and Channing Tatum Best Costume Designgoes to Jacqueline Durran for “Anna Karenina.” Click here to see her Oscar-winning costumes.


9:11 p.m. ET: And they’re playing people off with Jaws music. Hilarious and brilliant. Nicole Kidman mouths from her seat: “Poor thing.”


9:10 p.m. ET: That’s two for “Life of Pi.” The film picks up another win for Visual Effects.


9:07 p.m. ET:The Best Oscar for Cinematography goes to… Claudio Miranda for “Life of Pi.” The cast of “The Avengers” hands out the award.


Full List of Winners


9:05 p.m. ET: MacFarlane jokes about nine-year-old Quvenzhane Wallis’ age. “It’ll be 16 years till she’s too old for George Clooney.”


9:03 p.m. ET: Reese Witherspoon just gave us a briefing on the three of the Best Picture nominees: “Les Miserables,” “Life of Pi,” and “Beasts of the Southern Wild.” That song from “Les Mis” — “Do You Hear the People Sing?” — is now in my head.


9:00 p.m. ET: Best Animated Feature Oscar goes to….”Brave.”


8: 58 p.m. ET: “Paperman” wins Best Animated Short.


8: 58 p.m. ET: Paul Rudd and Melissa McCarthy lost us in their intro to animated short film.


8: 51 pm. ET: And the Oscar for Best Supporting Actor goes to Christoph Waltz in “Django Unchained.”


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Credit: Chris Pizzello/AP


8:49 p.m. ET: Every nominee for Best Supporting Actor already has an Oscar under his belt.


8: 42 p.m. ET: Another musical number with Daniel Radcliffe and Joseph-Gordon Levitt. And then we got a little Disney music too with “Be Our Guest,” which finally scored MacFarlane the “Best Oscars host ever” headline.



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Credit: Robyn Beck/AFP/Getty Images


8: 39 p.m. ET: Channing Tatum and Charlize Theron are dancing to MacFarlane singing “The Way You Look Tonight.” A shame not to see the “Magic Mike” star shirtless though.


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Credit: Mark Davis/Getty Images


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Image credit: Robyn Beck/AFP/Getty Images


8:38 p.m. ET: Captain Kirk from “Star Trek” has descended on the stage to warn MacFarlane that he’s about to ruin the Oscars and be branded the worst Oscar host ever. “The show is a disaster. I’ve come back in time … to stop you from ruining the Academy Awards,” William Shatner says. “You sing an incredibly offensive song that upsets a lot of women in the audience.” Cut to MacFarlane singing “We Saw Your Boobs,” a hilarious number referencing when we’ve seen actresses nude in movies.


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Image credit: Robyn Beck/AFP/Getty Images


8:35 p.m. ET: MacFarlane pokes fun at Daniel Day Lewis’ method. “Your process fascinates me. You were totally 100% in character in Lincoln… So if you saw a cell phone, would you have to be like, ‘Oh god, what’s that?’ If you bumped into Don Cheadle on the studio lot, you’d try and free him on the studio lot.”


8: 32 p.m. ET:  Too much? MacFarlane compared “Django Unchained” to Rihanna and Chris Brown’s relationship.


8:30 p.m. ET: Seth MacFarlane is on stage and quips: “The quest to make Tommy Lee Jones laugh begins now.”


8:27 p.m. ET: The stars are seated and the show is about to start. A lot of anticipation about Seth MacFarlane’s opening monologue. Channing Tatum is tweeting that he’s getting ready to take to the stage: “Hope you like what we’ve been working on. Getting ready to hit the #Oscars stage! Wish me luck!” Will there be a musical number right off the bat?


8:20 p.m. ET: Strapless is definitely a trend of the night. We’ve also seen a lot of beauties in blue.


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Image credit: Getty Images



8: 15 p.m. ET:
We’ve confirmed that Best Supporting Actress nominee Helen Hunt is rocking … H&M! “The Session” actress is in a  custom made midnight-blue full length gown is silk satin gown (also strapless). 


8:14 p.m. ET: Anne Hathaway is talking about her dress. “My mom says it’s business in the front, party in the back.”


8:08 p.m. ET: Do Jacki Weaver and Olivia Munn share a stylist? ABC News’ Alexis Shaw spotted the Best Supporting Actress nominee and Munn in eerily similar crimson gowns with matching gold embellishment on the top. Click here for more.


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Credit: Jason Merritt/Getty Images



8:05 p.m. ET:
Kristen Stewart is sporting crutches on the red carpet. Might be because she took home the Worst Actress Razzie award last night for “Twilight Saga: Breaking Dawn — Part 2.”


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Credit: Christopher Polk/Getty Images


8:00 p.m. ET: The show is now officially a half hour away. In honor of Oscar night, the President tweeted this picture from a White House movie night.


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Image credit: Twitter/BarackObama


7: 52 p.m. ET: “Les Mis” star and Best Actor nominee Hugh Jackman just picked up pre-show host Kristin Chenoweth on the red carpet and said she weighs less than an Oscar. Not really though…Each nearly 14-inch-high statue weighs 8.5 pounds and costs $500 to make. Get more Oscar trivia here.


7:40 p.m. ET: If there’s one star you can count on to look fabulous, it’s Jennifer Aniston.  She’s in a Valentino red strapless gown and has fiance Justin Theroux at her side. They’re in the running for Hollywood’s hottest couple on the red carpet.


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7:38 p.m. ET: Bradley Cooper brought his mom as his date. She’s rocking a shrug with serious feathers and what look like sneakers with her gown. Cooper is up for Best Actor in “Silver Linings Playbook.”


7:34 p.m. ET: Reese Witherspoon is in head to toe Louis Vuitton. The presenter’s black and royal blue gown with side-swept hairdo scream old Hollywood glamor. Click here.


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Credit: Kevin Mazur/WireImage/Getty Images


7: 28 p.m. ET: Fashion miss: Jane Fonda is slightly blinding in bright yellow.


7: 24 p.m. ET: Best actress nominee Naomi Watts is in a gunmetal Giorgio Armani gown in grey sequins. Does she make your best dressed list? See more arrivals here.


7:20 p.m. ET: Anne Hathaway’s dress may raise eyebrows tonight. The “Les Miserables” star is in a backless, halter dress that appears slightly sheer on the red carpet.


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Credit: Jason Merritt/Getty Images


7:18 p.m. ET: We can’t get enough of Quvenzhane Wallis. The “Beasts of the Southern Wild” star has her mom’s permission to stay out a little bit later tonight, she told Lara Spencer on the red carpet.


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Credit: Kevin Mazur/Getty Images


7:15 p.m. ET: “I feel super tucked in,” Amanda Seyfried said of the corset in her Alexander McQueen gown. “I can’t sit down.” The “Les Miserables” star is performing tonight. Hope she can breathe on stage.


7:07 p.m. ET: Another star goes strapless. Jennifer Lawrence, who’s up for Best Actress in “Silver Linings Playbook,” is in a blush Dior Haute Couture gown with a full skirt.


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Credit: Steve Granitz/Getty Images



7:01 p.m. ET:
ABC’s pre-show is kicking off! “Red carpet is 500 feet long. That’s about 2,000 of me,” Chenoweth joked. Tune into ABC now and get a behind-the-scenes look via Backstage Pass on the Oscar App.


6:56 p.m. ET: The red carpet is packed, but not everyone is making it through the notorious L.A. traffic. Mark Ruffalo is running late. The actor, who’s presenting tonight, tweeted to the Academy: “Dear @TheAcademy. We are running a good deal behind would you mind starting a little later this year? Mark and Sunrise Ruffalo.”



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Credit: ABC News



6:49 p.m. ET: Presenter Kerry Washington is in Miu Miu. The “Django Unchained” and star “Scandal” star always keeps us guessing and never fails to impress.

The Best Apps for Hollywood’s Big Night


6:44 p.m. ET: Who are you most excited to see on the red carpet? What will be the meme of the night? Angelia Jolie’s right leg stole the show last year and Twitter is reminding us. “1 year ago today you met the glorious thing that is ME #neverforget,” @Angelina Jolie’sLeg posted.  


6:35 p.m. ET: The reigning “Sexiest Man Alive” Channing Tatum and a pregnant Jenna Dewan are both glowing on the red carpet. See them canoodling here.


6:25 p.m. ET: Amy Adams looks ethereal in a seafoam green Oscar de la Renta strapless dress. She’s up for Best Supporting Actress for “The Master.”


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Credit: Frederic J. Brown/AFP/Getty Images


PHOTOS: Oscar Red Carpet Arrivals


6:22 p.m. ET: Cutest moment of the red carpet so far, as captured by the Academy. Nine-year-old Quvenzhane Wallis, nominated for “Beasts of the Southern Wild” shows off her puppy-shaped purse to fellow Best Actress nominee Jessica Chastain. It’s reportedly named Sammy after her dog at home.


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Credit: @TheAcademy/Twitter


6:10 p.m. ET: The winners have arrived, WABC’s Sandy Kenyon reports! In these briefcases are the top secret ballots from the Academy. Read more here.


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Credit: Twitter/SandyKenyon7



5:56 p.m. ET:
“GMA” anchors Robin Roberts and Lara Spencer smile backstage before the red carpet heats up.



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Credit: ABC


5:42 p.m. ET: ABC pre-show hosts Kristin Chenoweth and Kelly Rowland have arrived on the red carpet and are looking fabulous in black and white.


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Credit: Jason Merritt/Getty Images


5:30 p.m. ET: See what the stars see as they walk down the grand staircase to the red carpet at the Dolby Theatre. This cool 360 view is courtesy of the Academy.


5:15 p.m. ET: Get your Oscar party on. Impress your friends with these movie-themed recipes and cocktails. We could go for some Spinach “Argo-choke Dip” right about now…


Oscar 2013: Movie-Themed Recipes
9 Cocktails for Your Oscar Party


5:00 p.m. ET: “GMA” anchor Robin Roberts is back and looking better than ever! Roberts, who returned to the morning show Wednesday after undergoing a bone marrow transplant to treat MDS, will be on the red carpet tonight. “To my wonderful, beloved #TeamRobin … This one’s for you. XO,” she tweeted. She’s in a cobalt blue velvet halter gown from designer Marc Bouwer.


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Credit: Twitter/RobinRoberts


4:44 p.m. ET: We’re less than an hour away from red carpet arrivals. “Good Morning America” anchor Lara Spencer is getting red-carpet ready to host the Oscar pre-show.  “Hair + Make-up = Butterflies!” @LaraSpencer tweeted. Spencer, actress Kristin Chenoweth, Entertainment Weekly’s Jess Cagle and singer Kelly Rowland will have interviews with all of the stars, starting at 7 p.m. ET/4 p.m. PT on ABC.


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Credit: Twitter/LaraSpencer



1:15 p.m. ET: Hollywood’s biggest night of the year is officially here: the Oscars. Funnyman Seth MacFarlane is hosting the 85th Annual Academy Awards and we’ll be covering all of the big winners, best moments, surprises, and all-important red carpet arrivals. Refresh for the latest updates all night long.


We are just hours away from seeing the gorgeous gowns and finding out who’s going home with those coveted statuettes. It’s not too late to make your picks and predictions on our interactive Oscar ballot. To get up to speed before the festivities begin, check out our complete Oscars coverage.


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Credit: Bob D'Amico/ABC


Full List of the Nominees


7 Things to Know About Seth MacFarlane


PHOTOS: The Best Oscar Dresses of All Time


TRIVIA: 15 Things You Don’t Know About the Oscars


PHOTOS: Top 30 Worst Oscar Looks Ever


Backstage Pass: Download the Oscars App for insider views from the red carpet and behind the scenes. Click here to learn how!

Read More..

Italians head to polls in crucial vote for euro zone


ROME (Reuters) - Italians vote on Sunday in one of the most closely watched elections in years with markets nervous about whether it will produce a strong government to pull Italy out of recession and help resolve the euro zone debt crisis.


A huge final rally by anti-establishment-comedian-turned-politician Beppe Grillo on Friday before a campaigning ban kicked in has highlighted public anger at traditional parties and added to uncertainty about the election outcome.


Polling booths will open between 02:00 am-04:00 pm EST on Sunday and 01:00 am-09:00 am EST on Monday. Exit polls will come out soon after voting ends and official results are expected by early Tuesday.


The election will be followed closely by financial markets with memories still fresh of the potentially catastrophic debt crisis that brought technocrat Prime Minister Mario Monti to power more than a year ago.


Italy, the euro zone's third-largest economy, is stuck in deep recession, struggling under a public debt burden second only to Greece's in the 17-member currency bloc and with a public weary of more than a year of harsh austerity policies.


Italy's Interior Ministry has urged some 47 million eligible voters to not let bad weather forecasts put them off, and said it was prepared to handle even snowy conditions in some northern regions to ensure everyone had a chance to vote.


Final polls published two weeks ago showed center-left leader Pier Luigi Bersani with a five-point lead, but analysts disagree about whether he will be able to form a stable majority that can push though the economic reforms Italy needs.


Bersani is now thought to be just a few points ahead of center-right rival Silvio Berlusconi, the four-times prime minister who has promised tax refunds and staged a media blitz in an attempt to win back voters in recent weeks.


While the center left is still expected to gain control of the lower house thanks to rules that guarantee a strong majority to whichever party wins the most votes nationally, a much closer battle will be fought in the Senate, which any government also needs to control in order to be able to pass laws.


Seats in the upper house are awarded on a region-by-region basis, meaning that support in key regions can decisively influence the overall result.


Pollsters still believe the most likely outcome is a center-left government headed by Bersani and possibly backed by Monti, who is leading a centrist coalition.


But strong campaigning by Berlusconi and the fiery Grillo, who has drawn tens of thousands to his election rallies, have thrown the election wide open, causing concern that there may be no clear winner.


Whatever government emerges from the vote will have the task of pulling Italy out of its longest recession for 20 years and reviving an economy largely stagnant for two decades.


The main danger for Italy and the euro zone is a weak government incapable of taking firm action, which would rattle investors and could ignite a new debt crisis.


Monti replaced Berlusconi in November 2011 after the euro zone's third-largest economy came close to Greek-style financial meltdown while the center-right government was embroiled in scandals.


The former European Commissioner launched a tough program of spending cuts, tax hikes and pension reforms which won widespread international backing and helped restore Italy's credibility abroad after the scandals of the Berlusconi era.


Italy's borrowing costs have since fallen sharply after the European Central Bank pledged it was prepared to support countries undertaking reforms by buying unlimited quantities of their bonds on the markets.


But economic austerity has fuelled anger among Italians grappling with rising unemployment and shrinking disposable incomes, encouraging many to turn to Grillo, who has tapped into a national mood of disenchantment.


(Reporting by Catherine Hornby; Editing by Jason Webb)



Read More..

MPs, businesses hope Budget will address cost of living, labour crunch






SINGAPORE: Ahead of the delivery of Singapore's Budget on Monday, cost of living and labour crunch are among some issues MPs and businesses hope will be addressed.

Several MPs Channel NewsAsia spoke to said that a key concern especially amongst the sandwiched class is the cost of living in the country.

As for the elderly residents, they are concerned about healthcare costs, said the MPs.

On their part, businesses are worried about the manpower crunch and over the past month, there have been several calls to ease the tightening of the foreign worker inflow.

The government has been calling on companies to make concerted efforts to improve their productivity levels.

Zainudin Nordin, chairman of Government Parliamentary Committee (GPC) for Manpower, said: "When we look and talk about productivity, it sounds good. But how do we implement the productivity uplifting of our SMEs and companies? There needs to be a strong collaboration.

"When there is an intent on the part of the government to provide the resources in terms of consultancy and funds, there must also be a commitment and passion amongst the employers to see and understand that whenever they need to do more things, the first thing that must come to their mind is, 'how can I do more without employing more people?'. That is the direct question they have to ask themselves. Productivity is about doing more with lesser resources, that's the question.

"So, that should be the first question that comes to our mind, and when we need assistance from the government we should be able to come in and help in a much more concerted way.

"At the same time we also know the employees must also continue to ensure (they stay) relevant. So machinery, resources and employees must all be in tandem to do this. The partnership must be stronger."

Dr Lim Wee Kiak, chairman of GPC for Defence and Foreign Affairs, said: "We have received feedback as to the cost of childcare, cost of education and tuition, and these add a lot of stress to young parents. On top of that, they have to take care of their elderly parents. I think the key for that is the cost of healthcare.

"So within this Budget itself, I hope there will be some consideration for, especially the young and the old, and that will help the sandwiched class a lot."

Mr Baey Yam Keng, chairman of GPC for Culture, Community and Youth, said: "There has been some anticipation, because there has been a (budget) surplus. People know there is a surplus and people would look forward to investment in infrastructure. The gaps that we are seeing now in transport, housing, healthcare...people want to see their immediate frustrations being addressed...as well as the cost of living, these would be the key issues from residents.

"There is some apprehension over whether rentals will go up, if transport fares will go up.

"At the same time there are also residents operating their own businesses, the SMEs, who also have concerns about the manpower crunch, the cost of dong business and how they can continue to survive in this climate."

The Budget Statement will be delivered in Parliament by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.

Channel NewsAsia will carry a special Budget programme from 3pm on Monday, together with Mr Tharman's speech live.

Budget 2013 will be tabled in Parliament against the backdrop of a 1.3 percent GDP growth for the entire 2012.

For 2013, the Ministry of Trade and Industry (MTI) has forecast an economic growth of one to three percent.

MTI also revealed on Friday that labour productivity had fallen by 2.6 percent in 2012, a reversal from the growth of 1.3 per cent from the previous year.

The ministry said productivity also dropped by 2.5 per cent in the fourth quarter, the fifth consecutive quarter of decline.

It said the fall was broad-based, with manufacturing, construction and services all experiencing negative growth.

- CNA/ir



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300% rise in suspicious terror financing cases: Report

NEW DELHI: Over 1,400 instances of terror financing in country's economic channels were red-flagged by intelligence and security agencies last year, a latest report of the finance ministry says, marking a 300% jump in such suspicious transactions.

The Financial Intelligence Unit (FIU), which functions under the ministry, has reported that it had received 1,444 reports during 2011-12 from agencies like the intelligence bureau, the Research and Analysis Wing and those in the economic domain and affiliated to the Income Tax and Customs departments.

The figure of such reports from these agencies stood at 428 during 2010-11, the agency says.

"The FIU also supports the efforts of domestic intelligence and law enforcement agencies against terror financing by providing information specifically requested by them, either by searching its database or by calling specific information from the reporting entities," the report says.

The FIU is the national agency responsible for receiving, analyzing and disseminating suspicious transaction reports (STRs) to security and anti-money laundering and tax evasion departments of the country.

The agency also reported a more than 100 per cent rise in the number of STRs received during 2011-12 as it collected a total of 69,224 such reports during this period as compared to 20,698 STRs during 2010-11.

The instances of reportage of fake currency in Indian banking channels are also on the rise, the FIU says.

Read More..

FDA approves new targeted breast cancer drug


WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.


The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent dose of anti-tumor poison.


Cancer researchers say the drug is an important step forward because it delivers more medication while reducing the unpleasant side effects of chemotherapy.


"This antibody goes seeking out the tumor cells, gets internalized and then explodes them from within. So it's very kind and gentle on the patients — there's no hair loss, no nausea, no vomiting," said Dr. Melody Cobleigh of Rush University Medical Center. "It's a revolutionary way of treating cancer."


Cobleigh helped conduct the key studies of the drug at the Chicago facility.


The FDA approved the new treatment for about 20 percent of breast cancer patients with a form of the disease that is typically more aggressive and less responsive to hormone therapy. These patients have tumors that overproduce a protein known as HER-2. Breast cancer is the second most deadly form of cancer in U.S. women, and is expected to kill more than 39,000 Americans this year, according to the National Cancer Institute.


The approval will help Roche's Genentech unit build on the blockbuster success of Herceptin, which has long dominated the breast cancer marketplace. The drug had sales of roughly $6 billion last year.


Genentech said Friday that Kadcyla will cost $9,800 per month, compared to $4,500 per month for regular Herceptin. The company estimates a full course of Kadcyla, about nine months of medicine, will cost $94,000.


FDA scientists said they approved the drug based on company studies showing Kadcyla delayed the progression of breast cancer by several months. Researchers reported last year that patients treated with the drug lived 9.6 months before death or the spread of their disease, compared with a little more than six months for patients treated with two other standard drugs, Tykerb and Xeloda.


Overall, patients taking Kadcyla lived about 2.6 years, compared with 2 years for patients taking the other drugs.


FDA specifically approved the drug for patients with advanced breast cancer who have already been treated with Herceptin and taxane, a widely used chemotherapy drug. Doctors are not required to follow FDA prescribing guidelines, and cancer researchers say the drug could have great potential in patients with earlier forms of breast cancer


Kadcyla will carry a boxed warning, the most severe type, alerting doctors and patients that the drug can cause liver toxicity, heart problems and potentially death. The drug can also cause severe birth defects and should not be used by pregnant women.


Kadcyla was developed by South San Francisco-based Genentech using drug-binding technology licensed from Waltham, Mass.-based ImmunoGen. The company developed the chemical that keeps the drug cocktail together and is scheduled to receive a $10.5 million payment from Genentech on the FDA decision. The company will also receive additional royalties on the drug's sales.


Shares of ImmunoGen Inc. rose 2 cents to $14.32 in afternoon trading. The stock has ttraded in a 52-wek range of $10.85 to $18.10.


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Las Vegas Strip Shooting Suspect ID'd












Las Vegas police identified a suspect today in a shooting on the strip that caused a Maserati to hit a taxi and burst into flames, killing three people.


Ammar Harris, 26, has been named a suspect in the Thursday skirmish that killed three people, including rapper Kenny Clutch.


The altercation between Harris and Clutch, 27, whose legal name was Kenneth Cherry Jr., is believed to have originated in the valet area of a Las Vegas hotel, police said.


Police said Harris fired several rounds into a Maserati that was being driven by Cherry as both vehicles continued northbound on glitzy Las Vegas Boulevard.


The rapper's expensive sports car careened out of control after he was shot, slamming into several cars, including a taxi. The impact caused the cab to burst into flames, killing the driver, Michael Boldon and a female passenger. Witnesses said it looked like the car exploded.


"He was a number one guy," Carolyn Jean Trimble, Boldon's sister, told ABC News.








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"I looked out my window and I could see one vehicle down here on the corner of the intersection totally engulfed in flames," witness John Lamb told ABC News.


Boldon, 62, and his passenger, who has not yet been identified, were both killed, as was Clutch.


Timble said her brother loved driving his taxi around Vegas.


"He came to live with me in Las Vegas last year to help take care of our mother, and the first day he got here he said, 'I have to get a job.' The second day, I came home from work, and he said he got a job," she recalled.


"He says, 'You'll never guess what it is,' and I said, 'what,' and he said, 'taxi cab driver,' and we both fell out laughing," Trimble said. "He loved that job. He never complained. He'd come home and tell me stories about what happened, who he picked up."


Boldon was a single father who raised a 36-year-old son and was a new grandfather. His grandson was named after him, Trimble said.


"Of all the people to take from this earth," she said. "But I guess the Lord needed him."


A passenger in the Maserati was hit and sustained only a minor injury to his arm. Clutch died at University Medical Center.


His father, Kenneth Cherry Sr., expressed his grief for the loss of his son while speaking with ABC News.


"This is something you never really, really ever want to experience as a parent, to lose a child before you go," he said.


Harris is described as 5-foot-11 and 180 pounds. Anyone with information is asked to contact the Las Vegas Metro Police Department's homicide division.



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Abe vows to revive Japanese economy, sees no escalation with China


WASHINGTON (Reuters) - Japanese Prime Minister Shinzo Abe told Americans on Friday "I am back and so is Japan" and vowed to get the world's third biggest economy growing again and to do more to bolster security and the rule of law in an Asia roiled by territorial disputes.


Abe had firm words for China in a policy speech to a top Washington think-tank, but also tempered his remarks by saying he had no desire to escalate a row over islets in the East China Sea that Tokyo controls and Beijing claims.


"No nation should make any miscalculation about firmness of our resolve. No one should ever doubt the robustness of the Japan-U.S. alliance," he told the Center for Strategic and International Studies.


"At the same time, I have absolutely no intention to climb up the escalation ladder," Abe said in a speech in English.


After meeting U.S. President Barack Obama on his first trip to Washington since taking office in December in a rare comeback to Japan's top job, he said he told Obama that Tokyo would handle the islands issue "in a calm manner."


"We will continue to do so and we have always done so," he said through a translator, while sitting next to Obama in the White House Oval Office.


Tension surged in 2012, raising fears of an unintended military incident near the islands, known as the Senkaku in Japan and the Diaoyu in China. Washington says the islets fall under a U.S.-Japan security pact, but it is eager to avoid a clash in the region.


Abe said he and Obama "agreed that we have to work together to maintain the freedom of the seas and also that we would have to create a region which is governed based not on force but based on an international law."


Abe, whose troubled first term ended after just one year when he abruptly quit in 2007, has vowed to revive Japan's economy with a mix of hyper-easy monetary policy, big spending, and structural reform. The hawkish leader is also boosting Japan's defense spending for the first time in 11 years.


"Japan is not, and will never be, a tier-two country," Abe said in his speech. "So today ... I make a pledge. I will bring back a strong Japan, strong enough to do even more good for the betterment of the world."


'ABENOMICS' TO BOOST TRADE


The Japanese leader stressed that his "Abenomics" recipe would be good for the United States, China and other trading partners.


"Soon, Japan will export more, but it will import more as well," Abe said in the speech. "The U.S. will be the first to benefit, followed by China, India, Indonesia and so on."


Abe said Obama welcomed his economic policy, while Deputy Chief Cabinet Secretary Katsunobu Kato said the two leaders did not discuss currencies, in a sign that the U.S. does not oppose "Abenomics" despite concern that Japan is weakening its currency to export its way out of recession.


The United States and Japan agreed language during Abe's visit that could set the stage for Tokyo to join negotiations soon on a U.S.-led regional free trade agreement known as the Trans-Pacific Partnership.


In a carefully worded statement following the meeting between Obama and Abe, the two countries reaffirmed that "all goods would be subject to negotiations if Japan joins the talks with the United States and 10 other countries.


At the same time, the statement envisions a possible outcome where the United States could maintain tariffs on Japanese automobiles and Japan could still protect its rice sector.


"Recognizing that both countries have bilateral trade sensitivities, such as certain agricultural products for Japan and certain manufactured products for the United States, the two governments confirm that, as the final outcome will be determined during the negotiations, it is not required to make a prior commitment to unilaterally eliminate all tariffs upon joining the TPP negotiations," the statement said.


Abe repeated that Japan would not provide any aid for North Korea unless it abandoned its nuclear and missile programs and released Japanese citizens abducted decades ago to help train spies.


Pyongyang admitted in 2002 that its agents had kidnapped 13 Japanese in the 1970s and 1980s. Five have been sent home, but Japan wants better information about eight who Pyongyang says are dead and others Tokyo believes were also kidnapped.


Abe also said he hoped to have a meeting with new Chinese leader Xi Jinping, who takes over as president next month, and would dispatch Finance Minister Taro Aso to attend the inauguration of incoming South Korean President Park Geun-hye next week.


(Additional reporting by Jeff Mason and Doug Palmer; Editing by David Brunnstrom and Paul Simao)



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China reports second fatal case of bird flu this year






BEIJING: A man in southwestern China has died of bird flu, health authorities said Saturday, becoming the second fatality from the H5N1 virus this year.

The 31-year-old died in hospital in the city of Guiyang on Friday, the Guizhou province health department said in a statement, adding that no other human cases of avian flu had been reported in the province.

Another city resident, a 21-year-old woman, died from the virus earlier this month.

The Xinhua news agency said both of them had come into close contact with birds but it was not known if the cases were related.

The H5N1 virus typically spreads from birds to humans through direct contact, but experts fear it could mutate into a form transmissible between humans with the potential to trigger a pandemic.

More than 365 people have died of bird flu globally since the virus re-emerged in 2003, according to the World Health Organization.

Its figures show that China saw 25 deadly cases of the virus between 2003 and 2009 before numbers tailed off to one fatality in each of the three following years. The deadliest year of the past decade in China saw eight deaths in 2006.

China is considered one of the nations most at risk from bird flu epidemics because it has the world's biggest poultry population and many chickens in rural areas are kept close to humans.

China has in the past been accused of covering up the extent of bird flu outbreaks, exacerbating fears when new cases are reported.

Separate outbreaks among birds were reported last year in the northern region of Ningxia and the remote northwestern region of Xinjiang, prompting massive culls of chickens.

- AFP/ir



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Polling begins in Meghalaya

SHILLONG: Polling began to elect 60 members to the ninth Meghalaya Assembly from among 345 candidates today with an electorate of 15.3 lakh.

Banned Khasi organisation, Hynniewtrep National Liberation Council, has called a 36-hour bandh from 6 PM yesterday till today in the seven districts of Khasi and Jaintia Hills region.

Prominent candidates in the fray are Chief Minister Mukul Sangma, Home Minister H D R Lyngdoh, Education Minister R C Laloo, Congress president D D Lapang, UDP president Don Kupar Roy, former Leader of Opposition and son of P A Sangma Conrad K Sangma and his brother James Sangma.

The Congress has put up candidates in all 60 seats, and ally United Democratic Party in 50.

Of the 15 parties in the fray, the P A Sangma-led National Peoples' Party is contesting at 32 seats, the NCP at 21 and the BJP in 13.

Among the candidates are 25 women. Of the 2,845 polling stations, 900 have been declared 'hyper-sensitive'.

Booths along the international border and the inter-state border with Assam have also been categorised as 'hyper-sensitive'.

The BSF, which has been put on maximum alert along the 498-km border, has deployed 10,000 personnel.

Ninety-one companies of central paramilitary forces have been deployed in the state to maintain law and order and 44 companies in the militant-hit Garo Hills region.

Read More..

FDA approves new targeted breast cancer drug


WASHINGTON (AP) — The Food and Drug Administration has approved a first-of-a-kind breast cancer medication that targets tumor cells while sparing healthy ones.


The drug Kadcyla from Roche combines the established drug Herceptin with a powerful chemotherapy drug and a third chemical linking the medicines together. The chemical keeps the cocktail intact until it binds to a cancer cell, delivering a potent dose of anti-tumor poison.


Cancer researchers say the drug is an important step forward because it delivers more medication while reducing the unpleasant side effects of chemotherapy.


"This antibody goes seeking out the tumor cells, gets internalized and then explodes them from within. So it's very kind and gentle on the patients — there's no hair loss, no nausea, no vomiting," said Dr. Melody Cobleigh of Rush University Medical Center. "It's a revolutionary way of treating cancer."


Cobleigh helped conduct the key studies of the drug at the Chicago facility.


The FDA approved the new treatment for about 20 percent of breast cancer patients with a form of the disease that is typically more aggressive and less responsive to hormone therapy. These patients have tumors that overproduce a protein known as HER-2. Breast cancer is the second most deadly form of cancer in U.S. women, and is expected to kill more than 39,000 Americans this year, according to the National Cancer Institute.


The approval will help Roche's Genentech unit build on the blockbuster success of Herceptin, which has long dominated the breast cancer marketplace. The drug had sales of roughly $6 billion last year.


Genentech said Friday that Kadcyla will cost $9,800 per month, compared to $4,500 per month for regular Herceptin. The company estimates a full course of Kadcyla, about nine months of medicine, will cost $94,000.


FDA scientists said they approved the drug based on company studies showing Kadcyla delayed the progression of breast cancer by several months. Researchers reported last year that patients treated with the drug lived 9.6 months before death or the spread of their disease, compared with a little more than six months for patients treated with two other standard drugs, Tykerb and Xeloda.


Overall, patients taking Kadcyla lived about 2.6 years, compared with 2 years for patients taking the other drugs.


FDA specifically approved the drug for patients with advanced breast cancer who have already been treated with Herceptin and taxane, a widely used chemotherapy drug. Doctors are not required to follow FDA prescribing guidelines, and cancer researchers say the drug could have great potential in patients with earlier forms of breast cancer


Kadcyla will carry a boxed warning, the most severe type, alerting doctors and patients that the drug can cause liver toxicity, heart problems and potentially death. The drug can also cause severe birth defects and should not be used by pregnant women.


Kadcyla was developed by South San Francisco-based Genentech using drug-binding technology licensed from Waltham, Mass.-based ImmunoGen. The company developed the chemical that keeps the drug cocktail together and is scheduled to receive a $10.5 million payment from Genentech on the FDA decision. The company will also receive additional royalties on the drug's sales.


Shares of ImmunoGen Inc. rose 2 cents to $14.32 in afternoon trading. The stock has ttraded in a 52-wek range of $10.85 to $18.10.


Read More..