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Newsstand tab to make Orleans paper daily again

Written By Unknown on Rabu, 01 Mei 2013 | 18.38

NEW ORLEANS — Months after cutting its print edition to three days a week, The Times-Picayune of New Orleans on Tuesday announced plans for a three-day-a-week tabloid called TPStreet available in stores and newsstands on days when the full paper isn't printed.

On the same day as The Times-Picayune's announcement, its rival The Advocate reported on its website that New Orleans businessman John Georges has completed his purchase of the Baton Rouge-based newspaper and named two former top Times-Picayune news executives to lead it.

Georges said he will serve as publisher and named former Times-Picayune managing editor Dan Shea as general manager and another former Times-Picayune managing editor, Peter Kovacs, as editor. The Advocate's announcement said current editor Carl Redman would remain in the position of senior editor.

The Times-Picayune's announcement came on its website, nola.com. Editor Jim Amoss said the 75-cent tabloid will be published Mondays, Tuesdays and Thursdays beginning this summer and that the publication won't be available via home delivery.

Home subscribers will be able to get an electronic replica of TPStreet on the days it is published, in addition to an electronic version of the full Times-Picayune editions published Wednesdays, Fridays and Sundays (including an early Sunday edition published Saturday afternoons.)

"It will allow our readers every day to zoom in on content as they browse through the e-edition's pages on their laptops, tablets and desktop computers," Amoss wrote.

In June of last year, The Times-Picayune's owner, privately held Advance Publications Inc., and a new subsidiary, Nola Media Group, announced the paper would lay off 200 employees and shift its focus to the free nola.com site. Advance has pursued similar three-times-a-week strategies with several other newspapers in the chain.

The decision met with harsh protests in tradition-bound New Orleans, where readers had a tight bond with the 175-year-old Pulitzer-winning paper, especially after Hurricane Katrina devastated the city in 2005.

Georges acquired The Advocate from the Manship family, which has owned the seven-day daily since 1909. The Advocate's announcement said the closing capped two years of negotiations.

Terms of the sale were not disclosed. The deal does not include WBRZ-TV, which will continue to be opened by the Manships.

The Advocate expanded its coverage of news in the New Orleans area in 2012, opening a New Orleans bureau and marketing itself as the city's only daily newspaper after The Times-Picayune cut back to three days of publication a week. Officials of The Advocate say about 20 percent of its daily circulation of 98,000 copies and Sunday circulation of about 125,000 comes from the New Orleans area


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Oil price falls to $93 on China manufacturing data

BANGKOK — The price of oil fell to near $93 on Wednesday after data showed a slowdown in China's manufacturing growth.

Benchmark oil for June delivery was down 45 cents to $93.01 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.04 to finish at $93.46 per barrel on Tuesday in anticipation of another increase in U.S. crude supplies.

The China Federation of Logistics and Purchasing, an industry group, released data Wednesday showing that manufacturing grew at a slower pace in April and that export orders had been declining steadily. The federation's purchasing managers' index fell to 50.6 in April from 50.9 in March. On a 100-point scale, numbers above 50 indicate an expansion.

The pace stoked fears that the recovery in the world's second-largest economy might not meet expectations.

Investors, meanwhile, are also waiting for information on U.S. stockpiles of crude and refined products. Analysts surveyed by Platts estimate that oil supplies rose by 1.4 million barrels in the week ended Friday. The report from the Energy Department's Energy Information Administration will be released later Wednesday.

Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, fell 89 cents to $101.48 on the ICE Futures exchange in London.

In other energy futures trading on the New York Mercantile Exchange:

— Wholesale gasoline fell 2.4 cents to $2.778 a gallon.

— Heating oil retreated 2 cents to $2.82 a gallon.

— Natural gas rose 2.1 cents to $4.364 per 1,000 cubic feet.


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Mozilla: UK spyware company hijacking our brand

LONDON — The maker of one of the Internet's most popular browsers is taking on one of the world's best known purveyors of surveillance software.

The Mozilla Foundation — responsible for the Firefox browser — accuses Britain's Gamma International Ltd. of hijacking the Firefox brand to camouflage Gamma's electronic espionage products.

Researchers have found several samples of Gamma's FinFisher spy software disguised as a Firefox file, apparently in an effort to fool computer users into believing the virus is harmless.

Mozilla says in a statement that it has formally demanded Gamma end the practice, which it calls abusive.

Gamma, based in the English town of Andover, has recently found itself in the spotlight over the surveillance software it markets to governments and law enforcement.

Gamma did not return emails seeking comment Wednesday.


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Nissan cuts prices on 7 US models

DETROIT — Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers.

The price cuts vary with the amount of equipment on each model and run from 2.7 percent, or $580, on the top-selling Altima midsize car to 10.7 percent, or $4,400, on the Armada big SUV. Other models getting price cuts include the Sentra compact car, Juke small crossover SUV, Murano midsize crossover, Rogue small crossover and the Maxima full-size car.

Jose Munoz, Nissan senior vice president of sales and marketing for the Americas, said the vehicles getting the price cuts account for 65 percent of Nissan's U.S. sales. The sticker prices, he said, were higher than some competitors for similar models, and that kept Nissan vehicles out of some Internet searches.

"In some of the customer searches we may not appear," Munoz said. "This is an indication that we certainly want to be on the shopping list and we want to be considered by as many customers as possible."

The company plans to reduce rebates and other discounts to offset some of the price cuts. The cuts come at a time when Nissan faces intense competition from U.S.-based automakers and its prime Japanese competitors, Toyota Motor Corp. and Honda Motor Co.

The price cuts are effective Friday for cars and trucks that aren't yet on dealer lots. However Nissan will also make allowances to trim prices of cars now in dealer inventories. The cuts will remain in effect indefinitely.

Nissan-Renault CEO Carlos Ghosn has set a goal of taking 10 percent of U.S. sales by 2016 or sooner, and executives are under pressure to sell more vehicles to hit the goal. In the first quarter, Nissan's sales were down 1.3 percent with an 8.6 percent share of the market, according to Autodata Corp.

Although Nissan denies it, industry analysts say the company can afford to cut prices because of efforts in Japan to weaken the yen against the dollar. That makes cars and parts made in Japan cheaper than goods made in the U.S. One analyst said it could be the start of a price war if other automakers follow.

Jeff Schuster, senior vice president of forecasting for LMC Automotive, a Detroit forecasting firm, said the weaker yen should help Nissan cut prices, as the company makes a bid to increase sales and market share amid intense competition.

"We could be looking at a price war," he said. "If the yen stays where it is at and competitive pressure does as well, we could be looking at a more widespread battle for buyers."

Nissan's Munoz denied that the yen has anything to do with the price cuts, saying that four of the seven affected models are made in North America. Only the Juke, Rogue and Murano are made in Japan, and their sales are small compared with the other models.

Nissan makes about 75 percent of its cars sold in the U.S. in North America, and that should rise to 89 percent by the end of next year when the company shifts production of the Rogue and Murano.

Nissan isn't the first automaker to cut prices this year. In January General Motors trimmed $300 to $770 off the sticker price of its slow-selling midsize Chevrolet Malibu.


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Owner is at nexus of Bangladesh politics, business

Written By Unknown on Senin, 29 April 2013 | 18.38

SAVAR, Bangladesh — When the cracks in the building appeared early Tuesday afternoon, a stocky man in his early 30s, a feared political operative who a neighbor says dropped out of school in seventh grade, quickly arrived at the scene in this crowded industrial suburb of Bangladesh's capital.

By then, fear had spread through the 3,200 people who worked in the five clothing factories that jammed the upper floors of Rana Plaza, and the handful of shops on the lower ones. Most of the workers had gathered in the street out front. Few wanted to go back in. Inspectors said the eight-story building should be closed until it could be inspected.

But Mohammed Sohel Rana scoffed.

"The building has minor damages," Rana, the building's owner, told gathering reporters. "There is nothing serious."

The next morning, many of the building's shops and a first-floor bank were closed. But the factories' 8 a.m. shift began as usual. About 45 minutes into the shift, the building suddenly collapsed, killing at least 377 people in a fury of falling concrete. It was the worst industrial accident in the history of Bangladesh. Rescuers are still crawling through the rubble, hoping to find anyone who has managed to survive so long, but nearly all the people being carried out now are dead.

During the long search, Rana was missing. Local media reported he left his basement office in Rana Plaza just before the collapse, drove away and dropped from sight. He was arrested Sunday as he tried to cross the border into India.

For years, though, Rana had sat at the nexus of party politics and the powerful $20 billion garment industry that drives the economy of this deeply impoverished nation. This intersection of politics and business, combined with a minimum wage of $9.50 a week that has made Bangladesh the go-to nation for many of the world's largest clothing brands, has made dangerous factory conditions almost normal, experts say.

Government officials, labor activists, manufacturers and retailers all called for improved safety standards after a November garment factory fire in the same suburb, when locked emergency exits trapped hundreds of workers inside and 112 people died. But almost nothing has changed.

"Successive Bangladeshi governments have paid lip service to worker safety but in reality it is only the factory owners who have the ear of policymakers," Brad Adams, the Asia director for Human Rights Watch, said in a statement. "How many factory tragedies will it take before the Bangladeshi government ends its cozy relationship with powerful company owners and prioritizes worker safety?"

Before the collapse, Rana was little known outside of the few blocks of his tiny empire, a grid of poorly paved streets in the crowded industrial suburb of Savar, built up over the past decade or so around hundreds of garment factories.

The son of a local businessman with political connections, Rana became a neighborhood force by working as an organizer for the two political parties that have competed for power for decades in Bangladesh, according to local politicians, as well as someone who grew up near Rana and still lives in the area.

While Rana is currently a leader of the youth group of the ruling Awami League, he has also worked for that party's archrival, the Bangladesh National Party.

"He doesn't belong to any particular political party," said Ashrafuddin Khan Imu, an Awami League leader and longtime Rana rival. "Whatever party is in power, he is there."

In essence, these people say, Rana is a neighborhood political enforcer, regularly ordering thousands of people into the streets for rallies. Most recently, Imu said, he has been working for Awami League lawmaker Talukder Touhid Jang Murad. When Murad was asked about Rana after the collapse, Murad denied any connections. The next day, Dhaka newspapers printed photographs of Murad kissing Rana on the forehead after a successful rally earlier this year.

"He used to intimidate people whenever he needed them, like bringing people out for street marches in support of the lawmaker," said the neighbor, who spoke on condition he not be named, fearing Rana would send his men to beat him up after having been threatened once before. "Neighbors would avoid him ... No one wanted to upset him."

Money came with his political connections, with wealth built upon a string of government-owned properties he acquired at reduced prices, according to local media reports. He built a small apartment building and a small commercial building, where a Bata shoe store is now on the ground floor. In 2010 he built Rana Plaza on land that had once been a swamp. He had a permit to erect a five-story building, but built three additional stories illegally.

Until Wednesday, he lived just a few blocks from Rana Plaza, in a five-story red-brick building he owns at the end of a narrow alley. The ground floor has a hand-painted medieval scene, with an aristocratic woman, or perhaps a bride, being carried by scowling bearers in a covered palanquin. The neighbor says he is married, and has two children. The buildings indicate he is a man of considerable stature locally, but is almost certainly not a member of the country's tiny elite.

After the cracks appeared in the building, witnesses say Rana quickly went to work. On Wednesday morning, he and a number of factory managers ordered nervous workers into the building shortly before the collapse, according to the neighbor, who was present at the scene, and local press reports.

"I was too afraid to go inside the building. But the factory officials assured us they would also be in the factory, so there should not be any problem," said Kohinoor Begum, a factory worker who survived but whose hands were injured.

Cheers went up at the scene of the collapsed building when his arrest was announced over loudspeakers. After Rana disappeared, authorities detained his wife, apparently to convince him to surrender.

What will happen to him? At first glance, the situation doesn't look good: His political allies have abandoned him, Bangladesh's most powerful garment industry association says he ignored their warnings to shut the building and the prime minister called for his arrest.

But in the streets of Savar, many note that while three managers have been arrested in connection with the Tazreen fire, the factory owner remains free.

___

Sullivan reported from New Delhi, India. Associated Press writer Julhas Alam in Dhaka contributed to the report.


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Samsung Galaxy’s mostly a star

Remember when there were rumors swirling that Samsung's next Galaxy smartphone would include eye tracking? And then Samsung held a big event and announced the new Galaxy S4 would identify facial expressions and scroll down automatically — and pause videos when users look away?

All this super-exciting stuff? Does. Not. Work.

Samsung made a big deal out of features that no one asked for and then botched them in the end.

It's a shame because the Samsung Galaxy S4 is an otherwise nice Android offering.

The unit I tested is from AT&T, which is selling the S4 at $199 with a two-year contract.

The 5-inch 1080p resolution screen is gorgeous.

The quad-core processor exudes power, and AT&T's LTE was a joy to use.

But compared to the HTC One and the iPhone 5, the Galaxy S4 can feel insubstantial.

The body is made of plastic, which doesn't inspire a ton of confidence.

The 13-megapixel camera gets the job done, but it still falls short of the picture quality and color saturation delivered by the iPhone 5.

Yet in every other way that counts, this and other new Android smartphones are increasingly making the iPhone look static and antiquated.

Still, anyone interested in this phone should disable those gimmicky features that don't work, which is easily done. Smart rotation is supposed to adjust to your angle of sight. But it only worked about half the time for me. The screen would either adjust in a way I didn't want or do nothing at all.

A smart pause feature is supposed to detect when you are facing away from the screen. That also worked about half the time. Videos you're watching will end up pausing randomly unless you disable this feature.

Smart scrolling was the worst of the gimmicks because for me, it just plain never worked. A few times a page I was reading would scroll downward before I was ready, but that was the closest I came to this function.

It boggles the mind that Samsung would enable features that are clearly in beta without labeling them as such.

As Apple has shown, it's not as important to be first with a feature as it is to have it work better than anyone else.


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The Ticker

Smartphone sales over 50% of market

With worldwide shipments of 216.2 million units during the first quarter, smartphones grabbed 
51.6 percent of the total mobile phone market, according to InformationWeek.

This is the first time that hardware makers have shipped more smartphones than feature phones on a global basis.

Phone makers shipped 418.6 million devices during the quarter, which was up 4 percent compared to the year-ago quarter (402.4 million), but down compared to the previous quarter (483.2 million). The first quarter typically sees a downturn in sales following the holiday quarter, so these numbers are following the seasonal trends.

TODAY

 Alnylam Pharmaceuticals and Cognex Corp. release quarterly financial earnings.

TOMORROW

 Aegerion Pharmaceuticals, Momenta Pharmaceuticals, Pfizer, and Vertex Pharmaceuticals report their quarterly financial results.

 Boston-based public relations firm Schneider Associates has hired John Jowers, left, as account supervisor to the firm's corporate, education and nonprofit practice. Prior to joining Schneider, Jowers worked at Cone Communications in the corporate social responsibility practice.

 MassHousing has announced the appointments of five individuals to senior management positions.

Timothy Sullivan, of Brookline, was named deputy director for finance and rental programs.

Monte Stanford, of Saugus, has assumed the position of director of rental lending.

Peter Milewski, of Duxbury, was appointed director of homeownership lending.

Kevin Mello, of Norton, was named director of 
homeownership servicing and operations.

Karen Kelleher, of Arlington, was named general counsel.

 Lesley University has hired Alison Harris, former director of communications at the Executive Office of Labor and Workforce Development, as the college's new director of communications. Harris will be joined in the Office of Communications by Amanda McGregor who was promoted to communications manager.

 Burlington-based Zappix has hired two key executives for its U.S. management team. Shay Artzi will serve as chief technical officer for the company, while Gal Steinberg has been appointed vice president of marketing.

 Cambridge-based Celtra Inc. has hired Deborah Szajngarten as vice president of marketing communications. Szajngarten previously served as global communications director for Vimeo.


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IT startup Acorio beefing up work force

A Hub-based IT startup said it will use a recent seven-figure investment to increase its sales and delivery teams while also creating tools designed to "augment" the capabilities of ServiceNow's software-as-a-service platform.

Acorio, which launched six months ago, plans to expand its employee headcount to 100 people nationally over the next 18 months, President and CEO Jim Lampert told the Herald.

ServiceNow, an enterprise IT cloud company based in San Diego, was the first technology company taken public by Morgan Stanley after Facebook.

"We're very honored to have the partnership we have with ServiceNow," said Lampert, 48, an EMC veteran. "We want to be able to apply services and, in some cases, unique technologies to make that platform even better."

Lampert added Acorio's proprietary POWERBooster tools are designed to help Fortune 2000 clients implement and integrate ServiceNow's platform faster and more efficiently into their own enterprises or connect the same platform with a human resources SaaS platform like Workday.

"One of the big challenges right now organizations have is they have a lot of disparate cloud platforms within enterprises," Lampert said. "If we can help our clients connect (ServiceNow's) platform to some of their other cloud platforms to help the overall enterprise become more efficient, more agile and more automated, there's a significant value there."

The company secured its first round of funding from Momentum Equity Partners, whose chairman, Frank Selldorff, founded the startup.


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Cuts may stunt state’s growth

Written By Unknown on Sabtu, 27 April 2013 | 18.38

Higher worker bonuses and a strong technology sector helped the Massachusetts economy grow faster than the nation for the first three months of the year, but experts warned that federal budget cuts and the payroll tax increase are already taking a toll on the commonwealth.

"What the policy is doing is slowing the pace of our growth," said Michael Goodman, a public policy professor at the University of Massachusetts Dartmouth. "It's like driving around with the emergency brake on. You're still moving forward, but not as fast as you would like."

Massachusetts' real gross state product grew at a rate of 3.9 percent in the first quarter, outpacing the nation's 
2.5 percent growth rate.

In a MassBenchmarks report issued yesterday, experts said the state's solid economic growth from January to March was likely caused by "sizable" bonus payments made to workers in the financial and professional services sectors.

However, the state's professional, scientific and business services sector took a big hit last month with the loss of 3,400 jobs even as the unemployment rate dropped down to 6.4 percent. March marked the beginning of federal automatic spending cuts.

The state grew at an annual rate of 2.4 percent during the fourth quarter of last year while the United States posted a paltry 0.4 percent growth rate.

Federal budget cuts are already starting to slow the commonwealth's leading industries, including health care, higher education and research and development, experts said.

"The national and state economies are being strongly influenced by two opposing forces. On the one hand, growth in consumer demand is being supported by rising home prices, stock markets and job expansion," said Northeastern University economist Alan Clayton-Matthews, senior contributing editor of MassBenchmarks. "On the other hand, fiscal drag in the form of the payroll tax increase and federal budget cuts are slowing the economy. This fiscal drag could dampen growth by as much as 1.5 to 2 percentage points this year. And the continuing recession in Europe and an apparent slowdown in China are not helping matters."

Demand for the state's technology resources — information technology and medical devices — continues to give Massachusetts a growth edge over the nation, said Robert Nakosteen, an economics professor at the University of Massachusetts Amherst's Isenberg School of Management. However, the sector will "take a bit of a hit" as the year progresses because it is largely supported by government spending and contracts, he added.

"The state can't sustain this high rate of growth," Nakosteen said. "We're not in danger of a renewed recession, but the growth we've seen in the last quarter is not going to be sustained."


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Gov asks SBA for loans to those hit by bombing

Gov. Deval Patrick has called on the U.S. Small Business Administration to provide some relief in the form of low-interest loans for small businesses and private nonprofits affected by the Boston Marathon bombings last week.

In a letter, Patrick asked the agency to issue an Economic Injury Declaration for Suffolk County so that long-term and low-interest SBA loans would be made available to businesses and private nonprofits.

"Requesting this federal aid will help Boston and the commonwealth recover faster from the tragic events that unfolded at the marathon," Patrick said. "I urge the Small Business Administration to approve our request quickly to help the small businesses that keep our commonwealth strong rebuild."

In order to receive this federal assistance, the commonwealth must show that businesses suffered substantial economic injury.

If the agency issues the declaration, emergency officials will coordinate with the USSBA and Boston's Office of Emergency Management to have specialists available in the city to work with businesses that may be interested in the loans, Patrick said.

Businesses were gradually allowed to reopen on Boylston Street this week, several days after two bombs went off killing three people and injuring hundreds.


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