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Jeep owners worry about safety after recall deal

Written By Unknown on Jumat, 28 Juni 2013 | 18.38

DETROIT — A deal between the government and Chrysler over Jeeps linked to deadly fires isn't sitting well with many Jeep owners and auto safety advocates.

In early June, after a nearly three-year investigation, the National Highway Traffic and Safety Administration recommended that Chrysler recall 2.7 million older Jeep SUVs because the fuel tanks could rupture, leak and cause fires in rear-end crashes.

But last week, after talks between outgoing Transportation Secretary Ray LaHood and Chrysler CEO Sergio Marchionne, the agency compromised, letting Chrysler limit the recall to about 1.5 million vehicles.

The agreement removed about 1.2 million Jeep Grand Cherokees, model years 1999 to 2004, from the recall, leaving some owners confused about the safety of their vehicles. Chrysler argued that those Jeeps have a different design than the ones it agreed to recall and are as safe as comparable models from other automakers.

The about-face has confused people like Els Sipkes, a photographer from near Charleston, S.C. Her 2000 Grand Cherokee isn't being recalled, although the government initially said it should be.

She says that every time she stops quickly, she checks her rear-view mirror. "It's in my mind that if a car crashes into the back of me, that I've got to be on my toes and I've got to get out," she said.

Chrysler won't comment on the recall, beyond the documents it filed with NHTSA outlining its case.

Sean Kane, a frequent critic of NHTSA who heads a safety research company in Massachusetts, said the number of vehicles cut from the Jeep recall is unusual. But the agency frequently negotiates the size of recalls with car companies, he said. For example, in the early 2000s, Ford negotiated a series of smaller recalls that held off a big one for vehicles with cruise control switches that caused fires, he said. But the company eventually recalled more than 10 million vehicles.

David Kelly, former NHTSA chief of staff and acting administrator under President George W. Bush, said Chrysler probably presented data justifying the smaller recall. "I am positive that the agency would never negotiate vehicles out of a recall if they felt they were unsafe," he said.

Yet critics say all the Jeeps should be recalled. And they question whether Chrysler's solution of adding a trailer hitch as an extra buffer in the back is enough to prevent deadly fires.

Under the recall Chrysler will, free of charge, install hitches on any Grand Cherokees from 1993-1998 and Libertys from 2002-2007 that don't already have them from the factory. About 65 percent of Jeeps from that era were sold without factory hitches, according to Ward's Automotive. Chrysler will inspect those with hitches purchased elsewhere and replace them if they have sharp edges that could puncture the gas tank.

The 1999-2004 Grand Cherokees are part of a "customer service campaign." Here, a Chrysler dealer will inspect a trailer hitch installed after the car was purchased and replace it if necessary. But Chrysler won't install a hitch on any vehicle that doesn't already have one.

Chrysler Group LLC, which is majority owned by Fiat SpA of Italy, hasn't disclosed how much the recall could cost, although hitches sell for about $200 each on websites.

On June 3, the government sent Chrysler a 13-page letter requesting a recall of all 2.7 million Grand Cherokees and Libertys in question. The letter included detailed statistics on crashes involving fuel tank fires in SUVs from model years 1993 to 2007. The agency said the data showed the Jeeps were more prone to fuel tank fires than similar models. The Jeeps have gas tanks behind the rear axle, a design that was fairly common when they were built but isn't used much anymore. NHTSA had evidence of 37 Jeep accidents that killed 51 people.

Chrysler argued that the vehicles were safe. The company said its data show the Jeeps are no more prone to fatal crashes than comparable vehicles such as the Ford Explorer, Chevrolet Blazer and Toyota 4Runner. But it agreed to the smaller recall, it says, to improve the Jeeps' safety.

When asked about the government's change of position, spokeswoman Karen Aldana said in an emailed statement that NHTSA let Chrysler remove the 1999-2004 Grand Cherokees from the recall because the design change made them safer than the older models. The agency's full analysis will be published when the investigation is completed, she said.

But NHTSA knew about the change to the Grand Cherokee's design long before it asked for the recall. Documents on NHTSA's website examined by The Associated Press show that Chrysler detailed the change in a November 2010 letter to the agency.

The recall deal came after outgoing Transportation Secretary Ray LaHood and NHTSA Administrator David Strickland met with Chrysler CEO Sergio Marchionne on June 9, and it was sealed in a June 18 telephone call, a Transportation Department spokesman confirmed.

Clarence Ditlow, director of the Center for Auto Safety, an activist group founded by Ralph Nader, said those events show the deal was made by political appointees and not by engineers. Ditlow's 2009 inquiry prompted NHTSA to investigate the Jeeps.

Ditlow is urging NHTSA to test the trailer hitches to see if they offer added safety. Ditlow said a hitch failed to protect 4-year-old Cassidy Jarmon of Cleburne, Texas, who died in a fire after her family's 1993 Grand Cherokee was rear-ended by a car in 2006. The hitch punctured the gas tank, he said. According to news reports, police estimated the Jeep was hit by a car traveling 52 mph.

NHTSA's abrupt position change even worries people who own a Jeep with a trailer hitch.

Soham Vaishnav, a pediatrician from Chicago who uses a wheelchair, had a hitch installed by U-Haul on his 2004 Grand Cherokee. But he's still not convinced it's safe to carry his children, ages 1 and 4. So Vaishnav and his wife are thinking of buying a new car.

"There's just not enough time after a fire starts," he said.

Some owners also fear the controversy will hurt resale values.

"It kind of depreciates the car's value because people would be wary of buying them," said Charles Mangan, a recent college graduate from South Carolina who is moving to New York City. Mangan hopes to sell the 2004 Grand Cherokee he bought used four years ago. His SUV isn't part of the recall, but he's thinking of paying to get a trailer hitch installed.

Newer Grand Cherokees and Libertys aren't as risky as the old ones. Chrysler moved the fuel tank in front of the axle in a 2005 redesign, which helped meet stricter government rear-crash safety requirements imposed that year. The change also brought easier back-seat access and more storage space. The Liberty's tank was moved forward in the 2008 model year.


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Microsoft wants to disclose data on FISA orders

WASHINGTON — Microsoft is asking a court to let it disclose data on national security orders the company has received under the Foreign Intelligence Surveillance Act.

Microsoft made the request in a motion with the secretive Foreign Intelligence Surveillance Court. The motion was dated June 19 but wasn't unsealed until this week.

The company's motion comes after Google filed a similar motion asking that it be allowed to disclose the number of data requests that come from secret orders approved by the court.

Google and Microsoft were among several U.S. Internet companies identified as giving the National Security Agency access to data on its customers under the program known as PRISM. Microsoft says it wants to correct misimpressions about what it provides to the government.


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Online pharmacy crackdown shutters 1,677 websites

U.S. and international regulators have seized more than $41 million in illegal medicines worldwide and shut down 1,677 websites as part of their ongoing fight against counterfeit drugs sold over the Internet.

The U.S. Food and Drug Administration said Thursday it used federal court warrants to seize website domain names and post messages letting visitors know that people who traffic in counterfeit drugs may face severe penalties under federal law. The message also offers a link to a site — www.fda.gov/BeSafeRx — that explains the risks of fake online pharmacies.

Experts say the Internet is filled with illegitimate, professional-looking sites that peddle drugs. The FDA launched a campaign last fall to warn consumers that the vast majority of online pharmacies do not follow laws or pharmacy industry standards and their products could harm or even kill.

The moves the agency announced Thursday took place as part of Operation Pangea VI, a weeklong crackdown organized by the international police agency Interpol that ended Sunday.

Investigators visited the websites and used undercover IDs to order the drugs. They received counterfeit drugs that were not approved by the FDA. Some arrived with no directions for use and in strengths and quantities not available in the United States. Some also had different ingredients than the real drugs, which can be very dangerous to the patients taking them.

"You essentially have no idea what it is that you would be buying and what you would be taking," said John Roth, director of the FDA's Office of Criminal Investigation.

Illegal medicines found online include the diabetes treatment Avandaryl. They also include versions of the impotence drugs Levitra and Viagra called "Levitra Super Force" and "Viagra Super Force" that are not approved by the FDA.

Online sales of those erectile dysfunction treatments can be especially enticing to patients who may be too embarrassed to visit a drugstore to buy the drug in person.

Roth said consumers should watch for red flags that indicate an online pharmaceutical website may not be legitimate. They include sites that offer steep discounts from a drug's regular price, those that don't require a prescription to fill your order or ones that contact you through a spam email.

"This is a constant struggle for us, but one of the most important things we can do is educate the consumers about what a legitimate website looks like," he said.

A January study by the National Association of Boards of Pharmacy, which accredits online pharmacies, found that only 257 of 10,275 online pharmacy sites it examined appeared legitimate.

Last year, Operation Pangea V resulted in the arrests of about 80 people and the seizure of $10.5 million in medicines. In addition more than 18,000 illegal pharmacy websites were shuttered.

Roth said there were no arrests in the latest operation, but the investigation is continuing.


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Former New York, LA top cop Bill Bratton to NBC

NEW YORK — NBC News has hired former New York police commissioner and Los Angeles top cop Bill Bratton as a news analyst.

Bratton, who also ran Boston's police department in a busy law enforcement career, will specialize in criminal justice policy, domestic intelligence gathering and the role of law enforcement in counterterrorism. NBC said Thursday that Bratton will also appear on MSNBC.

He joins a protege in the media. John Miller, who worked for Bratton in New York and Los Angeles, is a busy analyst and reporter at CBS News.


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Windows 8 update still needs the right touch

Written By Unknown on Kamis, 27 Juni 2013 | 18.38

Microsoft's controversial new operating system faces a do-or-die moment as the company rolls out a major update aimed at placating users who have been turned off by the significant learning curve that Windows 8 forced on them.

Windows 8.1 became available yesterday in a draft — or beta — form to a select few users.

But the upgrade doesn't go far enough to placate those consumers who felt the new platform was too big a change.

Casual users who got used to the familiar Windows desktop — a global PC standard for nearly two decades — still won't love this new version. But the return of the iconic "start" button is a good back-to-the-future move that makes the experience seem more familiar. There is also a new ability to disable menus that pop up at the edges of the screen, eliminating a major headache for people without touchscreens.

The fact is that Microsoft erred big time in loading its Windows 8 platform onto computers that lack touch capabilities. The tiled interface is beyond confusing when you're operating with a mouse and keyboard. If you bought a Windows 8 laptop or desktop without touch, you have my condolences.

The company's challenge now is simple enough: to hold onto those throngs of on-the-fence users. But the fate of companies who rely on Microsoft software — such as Lenovo and Asus — may hang in the balance as well.

The new Windows is excellent on the Microsoft Surface or any number of the convertible laptops that feature a touchscreen. But there's a reason Apple still hasn't felt compelled to release a version of iTunes compatible with the new interface, and it's because they believe they still have the upper hand. And they just may be right.

Microsoft should have tried a transition version of the new platform that was more familiar. The changes
the company did make, along with the updates, show it listened to consumers to an extent. But this is still a tablet interface in a PC world. 


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Feds tout Innovation District

Boston's growing Innovation District is an example for other cities that want to develop a cutting-edge startup culture, a federal official said yesterday.

Winslow Sargeant, chief counsel for the Small Business Administration's office of advocacy, said Boston is "a Mecca for people from all over the world to launch out and build the next big company." He credited the city's Innovation District initiative, which he said has created a community of entrepreneurship and creativity.

"This ecosystem of innovation brings together entrepreneurs to share ideas and bring their vision to the marketplace. It presents a successful model and an ideal avenue for the public and private sectors to partner together for economic success," he said.

The Innovation District initiative, announced in 2010, has brought more than 4,000 jobs to the waterfront area, according to Nicole Fichera, the Innovation District manager for the Boston Redevelopment Authority.

She said the Hub has been approached by many cities that are working on similar initiatives for guidance, including some as far away as China and the Netherlands.

Sargeant, who grew up in Dorchester and graduated from Northeastern University, said Boston has become a great place to start a business: "If someone wants to start a company or if someone wants to explore what it takes to, there are people that they can talk to and places they can go to network with others."

Among the biggest benefits of Boston are the startup incubators and accelerators that offer shared work spaces. Sargeant met with many of them yesterday, including representatives from the Cambridge Innovation Center, MassChallenge and Bolt.

"These magic things happen that you can't really quantify" when entrepreneurs share work spaces, said Ben Einstein, founder of Bolt.


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‘One Greenway’ to break ground

A pair of apartment and condo buildings on the border between Chinatown and the Rose Kennedy Greenway — a project expected to break ground next month — will be called "One Greenway," developers said yesterday.

The 362-unit residential project at Kneeland and Hudson streets includes a 312-apartment North Building and 50-unit affordable condo South Building with green space in the middle.

"It's helping to reconnect Chinatown with the Leather District," said Sean Sacks of New Boston Fund.

The project also will include a 137-space garage and 10,000 square feet of retail and community space.

"I don't think demand for housing in the downtown has ever been greater," said Sacks.


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PayPal looks to conquer space (payments)

NEW YORK — PayPal wants to explore space — or at least begin to figure out how payments and commerce will work beyond Earth's realm once space travel and tourism take off.

PayPal, which is eBay Inc.'s payments business, says it is launching an initiative called PayPal Galactic with the help of the nonprofit SETI Institute in Mountain View, Calif., and the Space Tourism Society, an industry group focused on space travel. Its goal, PayPal says, is to work out how commerce will work in space.

Questions to be answered include how commerce will be regulated and what currency will be used. PayPal's president, David Marcus, said the company is very serious about the idea. He says that while space tourism was once the stuff of science fiction, it's now becoming a reality.

"There are lots of important questions that the industry needs to answer," he said. There are regulatory and technical issues, along with safety and even what cross-border trade will look like when there are not a lot of borders.

"We feel that it's important for us to start the conversation and find answers," Marcus added. "We don't have that much time."

PayPal is no stranger to outer space. One of its founders, Elon Musk, heads the privately held space company Space Exploration Technologies Corp., better known as SpaceX. And James Doohan, best known for his role as "Scotty" on "Star Trek," was PayPal's first official spokesman when it launched in 1999.

PayPal said it plans to hold an event announcing the venture at the SETI Institute in Mountain View on Thursday.


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Top area innovators on tap at Tedx-Boston event

Written By Unknown on Selasa, 25 Juni 2013 | 18.38

The fifth annual TedxBoston gets underway today at the Seaport World Trade Center, where innovators in technology and other fields will showcase their game-changing ideas.

"The mission of Ted is to deliver talks that are full of ideas worth spreading," said Jimmy Guterman, one of the event's curators. "We are lucky enough to be in a community that is full of innovators."

Among this year's speakers are:

• Daniel Clarke and Joshua Trautwein, co-founders of Fresh Truck, who took a retrofitted school bus and are turning it into a mobile market for Boston residents who don't live near a grocery store. Beginning next month, Fresh Truck will bring healthy foods such as fruits, vegetables, whole grains and granola to people at prices 20 percent lower than those of an average grocery store.

"Food access is a big issue," Clarke said, "and it's causing a lot of health disparity, particularly in urban areas."

• Nikita Bier, founder and CEO of Outline.com, which builds public policy simulators to see what the financial impact of those policies are at the ZIP code level. Using his app, Bier will do a demonstration showing the impact of cutting the income tax and education spending in Massachusetts.

"The big problem is, when assessing public policy, people tend to base their decisions more on emotion or rhetoric than empirical evidence," Bier said.

• Helen Greiner, CEO of CyPhy Works, whose flying robots are in the development stage to work with the military. Her robots also could be used for everything from farming to bridge inspections but are restricted by the Federal Aviation Administration for commercial applications.

"These are applications where you could save time and lives," Greiner said.


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Downtown may bag grocer

Roche Bros. is in lease negotiations to open its first Boston grocery store in Downtown Crossing, sources told the Herald.

The Wellesley-based, family-owned chain of suburban supermarkets is hammering out plans for its first urban market at Millennium Partners' $630 million Millennium Tower project, which includes redevelopment of the adjacent Filene's building, according to sources familiar with the talks.

Roche Bros. spokeswoman Lisa Lazarczyk, meanwhile, said the company was considering a number of locations within its market area. "However, at this time, we can't discuss any other locations than the Medfield one," she said.

Millennium principal Anthony Pangaro yesterday said he'd neither confirm nor deny the negotiations.

"It's fantastic news," Rosemarie Sansone, president of the Downtown Boston Business Improvement District, a property owner-funded group that's been working to revitalize Downtown Crossing, said of the reported talks.

"It's absolutely the right brand," Sansone said. "Roche Bros. has a fabulous reputation, and people in this neighborhood and people in this district will be pleased. It is the first question in every conversation with residents, with people interested in what's going on in the district and other businesses that are moving into the district: What about a grocery store?"

Roche Bros., which has 18 Massachusetts stores, announced last week that it would open a new smaller, neighborhood store format in Medfield next February, with approximately 9,000 square feet.

Millennium's Downtown Crossing project includes 240,000 square feet of retail space. Both the developer and the city have wanted to bring in a grocery store to cater to the growing number of condo residents in the area — including those who will move into Millennium Tower's 450 luxury units — in addition to workers.

The 61-year-old Roche Bros. chain is small, but very well-respected, according to Mike Berger, senior editor of the Griffin Report of Food Marketing in Duxbury. "(They're) very big on fresh and perishables, quality stuff," he said. "They really do a lot of customer services. They've (also) really grown in catering and prepared foods."

A Downtown Crossing location would be a unique opportunity for the company, according to Norwell retail consultant Michael Tesler. "It gives them the opportunity to be very innovative, very creative," he said. "It upgrades their brand and the opportunities for their brand."


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athenahealth Inc. gets tax break for 1,900 jobs

BOSTON — A company that's leading efforts to computerize health care records nationwide is promising to add 1,900 jobs in Massachusetts in an exchange for a state tax break.

The Boston Globe reports that the agreement with athenahealth Inc. is the biggest economic development deal reached with Massachusetts in years.

Athenahealth already has 1,100 employees at its Watertown headquarters, where it plans to add the new jobs.

Under the tentative agreement, its workforce there will nearly triple by 2022 in exchange for $9.5 million in state tax credits. The incentive works out to about $5,000 per job. That's less than other incentives the state has awarded.

To make room for the new employees, athenahealth recently agreed to buy a Watertown office complex from Harvard University for nearly $169 million.


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Asian markets still shaky on China credit concern

LONDON — Asia's main stock markets continued to fall Tuesday on concerns that trouble in China's credit system could hurt growth in the world's second-largest economy. Markets stabilized elsewhere, however, with European indexes rebounding.

Chinese stocks extended the previous day's heady declines as investors worried that measures to curb so-called shadow banking — the unregulated lending to companies starved of credit by China's traditional banks — would cause an increase in borrowing rates for many companies, hurting business.

The Shanghai Composite Index fell another 0.2 percent to close at 1,959.51 after plunging nearly 6 percent the day before, its biggest loss in four years.

The jitters caused a sell-off across the globe on Monday, but nerves seemed steadier outside Asia on Tuesday.

In Europe, Britain's FTSE 100 recovered some of the previous day's losses, adding 1 percent to 6,087.44 in early trading. Germany's DAX rose 1.5 percent to 7,809.23 and France's CAC-40 gained 1.4 percent to 3,645.77.

Wall Street also appeared set to recoup losses from the day before. Ahead of the opening bell, Dow Jones industrial futures were up 0.6 percent to 14,672. The broader S&P 500 futures were also 0.6 percent higher, at 1,576.30.

Besides China's credit problems, markets have also been jolted by an increase in U.S. bond yields. The rise is due to expectations that the Federal Reserve will soon start winding down its monetary stimulus, allowing borrowing rates to edge up from their current lows as the economy improves.

The Fed's bond-buying stimulus program has been keeping rates low, encouraging traders to buy riskier assets such as stocks and to invest in emerging markets, driving many equity indexes to record or multiyear highs. Concern over how markets will handle the end to the program, however, has made investors nervous and caused volatility.

Investors will later in the day monitor U.S. figures on durable goods sales and consumer confidence to judge the strength of household spending, a key pillar of the world's largest economy.

Elsewhere in Asia, Hong Kong's Hang Seng rose 0.2 percent to 19,855.72, overcoming earlier losses, while the Shenzhen Composite Index lost 0.2 percent to 879.93.

Japan's Nikkei 225 shed 0.7 percent to 12,969.34. South Korea's Kospi dropped 1 percent to 1,780.63 and Australia's S&P/ASX 200 was down 0.3 percent to 4,656. Stocks in the Philippines and Indonesia also declined while India and Singapore gained.

In energy markets, the benchmark oil contract for August delivery was up 62 cents to $95.80 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.49 to close at $95.18 in New York on Monday.

In currencies, the euro was steady at $1.3119 while the dollar fell 0.5 percent against the Japanese yen, to 97.26 yen.

___

Youkyung Lee in Seoul, South Korea, and Fu Ting in Shanghai contributed to this report.


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Hostess: Twinkies to return to shelves July 15

Written By Unknown on Senin, 24 Juni 2013 | 18.39

NEW YORK — Hostess is betting on a sweet comeback for Twinkies when they return to shelves next month.

The company that went bankrupt after an acrimonious fight with its unionized workers last year is back up and running under new owners and a leaner structure. It says it plans to have Twinkies and other snack cakes back on shelves starting July 15.

Based on the outpouring of nostalgia sparked by its demise, Hostess is expecting a blockbuster return next month for Twinkies and other sugary treats, such as CupCakes and Donettes. The company says the cakes will taste the same but that the boxes will now bear the tag line "The Sweetest Comeback In The History Of Ever."

"A lot of impostor products have come to the market while Hostess has been off the shelves," says Daren Metropoulos, a principal of the investment firm Metropoulos & Co., which teamed up with Apollo Global Management to buy a variety of Hostess snacks.

Hostess Brands Inc. was struggling for years before it filed for Chapter 11 bankruptcy reorganization in early 2012. Workers blamed the troubles on years of mismanagement, as well as a failure of executives to invest in brands to keep up with changing tastes. The company said it was weighed down by higher pension and medical costs than its competitors, whose employees weren't unionized.

To steer it through its bankruptcy reorganization, Hostess hired restructuring expert Greg Rayburn as its CEO. But Rayburn ultimately failed to reach a contract agreement with its second largest union. In November, he blamed striking workers for crippling the company's ability to maintain normal production and announced that Hostess would liquidate.

The shuttering triggered a rush on Hostess snack cakes, with stores selling out of the most popular brands within hours.

About 15,000 unionized workers lost their jobs in the aftermath.

In unwinding its business, Hostess sold off its brands in chunks to different buyers. Its major bread brands including Wonder were sold to Flowers Foods, which makes Tastykakes. McKee Foods, which makes Little Debbie snack cakes, snapped up Drake's Cake, which includes Devil Dogs and Yodels.

Metropoulos & Co. and Apollo bought Twinkies and other Hostess cakes for $410 million.

Apollo Global Management, founded by Leon Black, is known for buying troubled brands then selling them for a profit; its investments include fast-food chains Carl's Jr. and Hardee's. Metropoulos & Co., which has revamped then sold off brands including Chef Boyardee and Bumble Bee, also owns Pabst Brewing Co.

That could mean some cross-promotional marketing is in store.

"There is certainly a natural association with the two," Metropoulos said. "There could be some opportunities for them to seen together."

The trimmed-down Hostess Brands LLC has a far less costly operating structure than the predecessor company. Some of the previous workers were hired back, but they're no longer unionized.

Hostess will also now deliver to warehouses that supply retailers, rather than delivering directly to stores, said Rich Seban, the president of Hostess who previously served as chief operating officer. That will greatly expand its reach, letting it deliver to dollar stores and nearly all convenience stores in the U.S.

Previously, he said Hostess was only able to reach about a third of the country's 150,000 convenience stores.

Production was also consolidated, from 11 bakery plants to four — one each in Georgia, Kansas, Illinois and Indiana. The headquarters were moved from Texas to Kansas City, Mo., where Hostess was previously based and still had some accounting offices.

In the months since they vanished from shelves, the cakes have been getting a few touchups as well. For the CupCakes, the company is now using dark cocoa instead of milk chocolate to give them a richer, darker appearance.

Seban stressed that the changes were to improve the cakes, not to cut costs. Prices for the cakes will remain the same; a box of 10 Twinkies will cost $3.99.

Looking ahead, Seban sees Hostess expanding its product lineup. He noted that Hostess cakes are known for three basic textures: the spongy cake, the creamy filling and the thicker icing. But he said different textures — such as crunchy — could be introduced, as well as different flavors.

"We can have some fun with that mixture," he said.

He also said there are many trendy health attributes the company could tap into, such as gluten-free, added fiber, low sugar and low sodium.

During bankruptcy proceedings, Hostess had said that its overall sales had been declining, although the company didn't give a breakout on the performance of individual brands. But Seban is confident Twinkies will have staying power beyond its re-launch.

As for the literal shelf-life, Seban is quick to refute the snack cake's fabled indestructibility.

"Forty-five days — that's it," he said. "They don't last forever."

___

Follow Candice Choi at www.twitter.com/candicehoi


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Springfield mom sells personal-protection devices

Fear can be a powerful motivator — powerful enough, Deborah Halpin found, to make you brave the treacherous waters of entrepreneurship.

About four years ago, the Springfield mother had what she calls a "triple flat" — her home was broken into, her daughter was going away to college in New York City, and her father died, leaving her elderly mother living alone in Milwaukee.

"The combination of events made me feel uncomfortable and insecure," she said. "I started to look for personal security products for us."

Halpin went to a gun store looking for pepper spray, but felt uncomfortable because she was the only woman there. So she looked online, but most of what she found was for the military or for hunters.

"There wasn't any place where women could go to comfortably buy safety and security products without feeling intimidated," she said.

After stints in marketing and product development at two Fortune 500 companies, Halpin decided to start ArmHer to sell a carefully curated selection of what she considered the most effective and affordable personal protection devices on the market for women.

They range from $2.50 security decals for your home or car window to $20 cameras with motion detectors that can be mounted on your home. They also come in different "survival kits" for students, mothers, seniors and active women. Those kits sell for between $29 and $75 and, depending on whom they're for, can include safes disguised as soda cans, alarms as loud as 120 decibels or cards that detect date-rape drugs in drinks.

You won't find guns, knives or even pepper spray on ArmHer.net, though, because those weapons can be taken away by an assailant and used against a woman, said Halpin, who's now a finalist in the $1 million MassChallenge startup accelerator and competition.


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New Galaxy S4 Active has features that work when submerged

It's the next frontier for mobile devices, and it's just in time for beach season: underwater smartphones.

The just-released Samsung Galaxy S4 Active is the first high-end smartphone available in the U.S. that works underwater. Priced at $200 with a two-year contract from AT&T, the Active may just spawn a legion of sea-faring technology if it's marketed well.

Think of it as the Galaxy S4's underwater twin. The only physical differences between the Active and the regular S4 is that the Active is thicker, and the three main buttons that navigate to the menu, homescreen and backward are raised rather than part of the touchscreen.

The Active will soon have competition from Sony, which is due to release its own water-friendly smartphone, the Xperia Z, sometime this summer.

Since we're all used to treating our smartphones like china plates and arming them with rugged covers, I found there's a psychological barrier to actually dipping a $200 piece of technology into a bowl of water. But don't worry, you're not gonna kill it.

To work the camera in water, simply open the camera and select "aqua mode." That turns your volume rocker into a shutter button. The 8-megapixel camera takes clear underwater photos. And if watching HD videos and listening to music in the shower is your thing, you'll be pleasantly surprised by those features as well.

Samsung says the phone can withstand 30 minutes in three feet of water. Though you can't make calls while submerged, phone calls don't interrupt while under water. So, you could conceivably begin a conversation, jump into a pool with the phone in your hand and then keep talking to that person when you come up for air.

The speakerphone works surprisingly well while submerged. But because the touchscreen becomes disabled, the phone has to be mostly dry to actually make the call.

My only regret with Samsung's latest offering is that I conducted this little experiment in front of my 21-month-old son. He's now got an unfortunate desire to replicate what he saw with my iPhone 5. It's probably just a matter of time before I find it at the bottom of the toilet bowl. I may have no choice but to invest in the Active after all … and maybe that was Samsung's plan all along.


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World stocks fall amid China credit concerns

LONDON — Global stock markets reeled Monday, with Shanghai's index enduring its biggest loss in four years, after an increase in China's commercial lending rates sparked fears about the state of the world's second-largest economy.

Analysts say the spike in the country's interbank lending rate was part of an effort to curb the high level of off-balance-sheet lending in China that could threaten the country's financial stability.

But investors feared the move could also hurt economic growth. China's major state-owned banks are unwilling to lend to any but their biggest clients, so the vast majority of smaller businesses must rely on informal lending.

Mainland China's Shanghai Composite Index plummeted 5 percent to 1,968.51 while the smaller Shenzhen Composite Index plunged 6.1 percent to 881.87.

The drop unsettled European markets, where Britain's FTSE 100 fell 0.6 percent to 6,077.58 and France's CAC-40 slid 1.1 percent to 3,616.81. Germany's DAX was down 0.7 percent to 7,732.27 after a key business sentiment index rose slightly, suggesting the recovery in Europe's largest economy continues, though at a slow pace.

Wall Street also appeared headed for losses, with Dow Jones industrial futures down 0.6 percent to 14,624. S&P 500 futures lost 0.7 percent to 1,573.30.

Analysts at Moody's Investors Service said that they saw the Chinese central bank's action as "having been the result of a conscious decision" to curb credit growth.

Moody's added that a prolonged credit crunch could threaten Chinese companies, "especially those in the private sector with weak credit quality, because it heightens the risk that banks will scale back lending to those companies." Moody's says that China's central government finances remain strong, but that rapid credit growth and liabilities at the local level pose a threat to growth.

Andrew Sullivan of Kim Eng Securities in Hong Kong said China's new leaders want credit to be available to keep the economy moving but not so much as to promote asset bubbles.

"After six months in power, the new leadership is putting its policies in place. It's signaling that credit is going to remain tight," Sullivan said. "All that is in line with moving China from being an export driven economy to being a domestic consumption economy."

The concerns over China's credit market were magnified by existing worries that access to money will tighten in the world's largest economy, the U.S.

Investors fear what will happen as the U.S. Federal Reserve slows down its monetary stimulus program, which has been pumping $85 billion into the financial system every month and helped many stock indexes reach multiyear or record highs. Markets tumbled last week when Fed Chairman Ben Bernanke said the program would likely slow down this year and end in 2014.

The market impact of the Fed's stimulus withdrawal would be magnified if China tightens its monetary policies at the same time.

Elsewhere in Asia, Hong Kong's Hang Seng fell 2.2 percent to 19,813.98. Japan's Nikkei 225 index, the regional heavyweight, fell 1.3 percent to 13,062.78. South Korea's Kospi lost 1.3 percent to 1,799.01. Australia's S&P/ASX 200 shed 1.5 percent at 4,666.50.

In energy markets, benchmark oil contract for August delivery was down 19 cents to $93.50 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.71 to close at $93.69 in New York on Friday.

In currencies, the euro fell to $1.3100 from $1.3139 late Friday in New York. The dollar rose to 97.94 yen from 97.76 yen.

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Sampson reported from Bangkok. Joe McDonald in Beijing and Fu Ting in Shanghai also contributed to this report.


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