A team of scientists in Switzerland has managed to cram 11,011 electrodes onto a single two-millimeter-by-two-millimeter piece of silicon to create a microchip that works just like an actual brain. The best part about this so-called neuromorphic chips? They can feel.
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Stocks squeezed out small gains in lackluster trading Monday, with the S&P 500 closing at a new high, but a batch of mixed earnings reports and weaker-than-expected existing home sales weighed on the markets.
(Read more: Four reasons tobelieve in the bull market)
The Dow Jones Industrial Average finished just 1.8 points higher, buoyed by Microsoft and Hewlett-Packard. McDonald's led the blue-chip laggards. The Dow traded in a narrow 60-point range.
The S&P 500 and the Nasdaq also ended in positive territory. The S&P 500 is on pace for its best monthly gain since October 2011.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, slid near 12.
Among key S&P sectors, financials led the gainers, while energy dipped.
(Read more: Who needs volume? Stocks are doing fine without it)
"The Fed is done talking until next week and we're going to be subject to earnings reports and talk from Congress this week," said Brian Battle, vice president of trading at Performance Trust Capital Partners. "We could be in a holding pattern if the market can resist a selloff, but to propel higher, we need better fundamentals?we're still running on Fed liquidity and the pullback caused by the tapering talk has been reversed in the last two weeks."
Gold surged to its highest level in nearly a year, piercing a key resistance of $1,322 an ounce, as fears abated that the Federal Reserve will curb monetary easing.
Dow component McDonald's fell after the fast-food giant posted earnings and revenue that disappointed Wall Street expectations, weighed by weak sales in Europe and Asia.
(Read More:McDonald's finance guide 'insulting' to low-wage workers)
More than 20 percent of S&P 500 companies have already reported, with 64 percent topping earnings estimates and 50 percent beating on sales, according to the latest data from Thomson Reuters. If all remaining companies post earnings in line with forecasts, earnings will be up 3.1 percent from last year's second quarter.
Nearly one third of S&P 500 companies due to report results throughout the week in addition to eight Dow components. Apple,Caterpillar, Boeing, Facebook, Qualcomm and Amazon.com are among notable names on tap to report throughout the week.
(Read more: Earnings growth todrive equity markets: Goldman Sachs)
On the economic front, existing home sales in June slipped 1.2 percent in June to an annual rate of 5.08 million, according to the National Association of Realtors, missing expectations for a reading of 5.25 million units. Still, the reading was still the second-highest level of sales since November 2009.
Meanwhile, NAR's chief economist Lawrence Yun warned that while momentum in the housing market appears to be strong, mortgage rates will have a greater impact on sales in the coming months. He also cautioned that the continuing increase in home prices was unsustainable.
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Many animals use sounds to convey information. [Sound of wolf? howl] Humans use particular vocal labels for objects and for people. We call these words, and names. A few creatures, such as parrots and dolphins, can learn specific vocal labels. And wild dolphins are known to have particular, individual signature whistles. Scientists at Scotland?s St. Andrews University wanted to know: can these whistles be used as labels? The researchers analyzed sounds from dolphins off Scotland?s east coast, and extracted these signature whistles. [Dolphin whistle sound] Then they altered the sounds so the calls wouldn?t sound exactly like the originating dolphin. [Altered dolphin whistle]Source: http://news.yahoo.com/dolphins-may-individual-names-202208525.html
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The IBL, inspired by cricket's popular Indian Premier League, is due to be held from August 14-31 and features six city-based franchises sold to businesses and individuals.
Former India cricket captain Sunil Gavaskar is said to have a stake in the Mumbai franchise which will play against teams from Pune, Lucknow, Delhi, Bangalore and Hyderabad.
The IBL, which begins soon after the world championships in China's Guangzhou, failed to attract Chinese and Korean players despite being touted as badminton's richest event.
"The Chinese will not be coming this year mainly because the IBL clashes with their national games," an organiser told AFP. "But we hope to convince them to take part next year."
China won all five titles up for grabs at both the world championships in London in 2011 and the London Olympics last year. They also won the Sudirman Cup team event in Malaysia in May.
Among the players who will be sold at an IPL auction in New Delhi later on Monday are men's world number one Lee Chong Wei of Malaysia and women's world number three Saina Nehwal of India.
Other players in the auction include Boonsak Ponsana of Thailand, Hu Yun of Hong Kong, Juliane Schenk of Germany and Ratchanok Intanon of Thailand.
Each team will comprise four foreign players, six Indians and one upcoming Indian junior.
Teams will play each other twice on an home-and-away basis in the preliminary league with the top four qualifying for the semi-finals.
Each tie will comprise of five matches -- two men's singles, and one each in women's singles, men's doubles and mixed doubles.
Source: http://www.timesofoman.com/News/Article-20179.aspx
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DEAR ABBY: I was taken away from my parents at 13 and placed into foster care, where I stayed until I aged out at 21. My biological mother is a drug addict who abandoned me to my father when I was 11. She never tried to contact me while I was in care.I am now 24 and she won't leave me alone. She sends Facebook messages that alternate between begging me to let her get to know me, and condemning me for being vindictive and not having forgiveness in my heart. Abby, this woman exposed me to drugs and all manner of seedy people and situations. ...
Source: http://news.yahoo.com/samsung-sony-others-said-no-interest-facebook-home-191046814.html
LOS ANGELES (AP) ? A woman who worked as a stunt double for Angelina Jolie sued Rupert Murdoch's News Corp. in Los Angeles on Tuesday, claiming she's a victim of a phone hacking scheme to obtain information about the actress.
Eunice Huthart, of Liverpool, England, is the first person to sue the media company in the U.S.
Her New York attorney, Norman Siegel, said, "This is the beginning and we're going to go one step at a time." He said the suit speaks for itself on the reasons it was filed in Los Angeles. It claimed Huthart's phone was hacked while she was working with Jolie on Hollywood films including "Mr. & Mrs. Smith."
She said that was how the Sun newspaper learned that Jolie and Brad Pitt were "an item." A News Corp. spokesman declined to comment.
Huthart, who became a close friend of Jolie and is the godmother to her first biological child, said she was unaware that she was a victim of the phone hackers until British police came to see her last year.
She said the intrusion which removed messages from her cellphone caused distress in her family life and caused her to miss calls from Jolie.
The lawsuit cited numerous references to the United Kingdom phone hacking scandal involving News Corp. companies and claims numerous grounds for damages. A monetary figure was not specified, but it asked that the companies be assessed damages based on the profits they made from the stories on Jolie. It also seeks punitive damages.
The lawsuit also names as defendants News Corp. entities News International Ltd. and News Group Newspapers Ltd., and unidentified private investigators and journalists.
The case is the first hacking-related lawsuit against News Corp. in the U.S. and is the culmination of a lengthy search for a plaintiff who would take on the company in a U.S. court room.
Siegel, Huthart's lead lawyer, has been on the hunt for evidence of News Corp. hacking on U.S. soil since the scandal broke in July 2011. Siegel, who has represented Sept. 11 victims' families in civil cases, sent a letter nearly two years ago to the FBI demanding an inquiry into whether 9/11 victims' phones had been hacked by News Corp. journalists.
Siegel was later retained by British attorney Mark Lewis, who has represented hacking victims in the U.K.
Since the scandal broke in the summer of 2011, News Corp. has spent $388 million in settlements, legal fees, and other costs associated with ongoing investigations in the U.K. Last year, the company settled 36 lawsuits by hacking victims including actor Jude Law and soccer player Ashley Cole.
The federal suit claims Huthart began missing telephone messages in 2004 from family, friends and others, causing damage to relationships with her daughter and husband. She said her husband began to think she was having an affair because she didn't answer her voicemail messages.
She said she was particularly distressed over failing to receive messages from her young daughter who "called several times to report that she was being bullied in school in Liverpool, England," the suit said.
"Plaintiff did not receive those messages and could not console her daughter," said the suit, adding that Huthart "was despondent and believed she had failed as a parent."
During the filming of "Mr. & Mrs. Smith," Huthart said she lived at a home in the Brentwood area of Los Angeles with Jolie and her assistant and they became close friends. On occasion, she said Jolie would leave her messages with code names for hotels and individuals and details of times they would be meeting. The suit said she often did not get Jolie's messages because they were being intercepted by investigator Glenn Mulcaire and his alleged co- conspirators. Mulcaire was imprisoned for six months in 2007 for hacking phones on behalf of the now defunct News of The World.
The suit said that it was through hacking the stunt double's phone that the Sun newspaper learned that Pitt and Jolie were "an item."
The paper reported it had exclusively learned that the couple checked into a hotel posing as a married couple while plugging their movie.
Once, Huthart said she missed a message from Jolie confiding that she was registered at a hotel under the name "Pocohontas," and Huthart had trouble locating her.
The latest case comes at a sensitive time for the media giant controlled by Rupert Murdoch, which will spin off its publishing and newspaper arm from its more profitable TV and movie unit by the end of the month. On Friday, Murdoch also filed for divorce from his wife since 1999, Wendi Deng Murdoch.
News Corp. has said that the stronger entertainment side of the company, to be called 21st Century Fox, will bear any further legal costs or civil claims related to hacking after the split, while the publishing company, to retain the name News Corp., will be liable for any criminal penalties if they arise.
21st Century Fox would also be responsible for any civil settlement involving a U.S. law that aims to prevent bribery overseas called the Foreign Corrupt Practices Act.
___
AP Business Writer Ryan Nakashima contributed to this report
Source: http://news.yahoo.com/stuntwoman-sues-news-corp-over-alleged-phone-hack-163008561.html
