UPDATE 1-Gas Natural cautious on 2014 outlook after H1

MADRID, July 27 (Reuters) – Spanish power utility Gas Natural (GAS.MC) issued a cautious strategic outlook to 2010-2014 on Tuesday and plans to focus on cutting debt, after first-half results missed forecasts.

The company expects EBITDA growth to slow to 2012 from the double-digit first-half rise and wants to cut its debt to 15-16 billion euros in 2012 from 18.2 billion euros at the end of the first half.

Gas Natural said it would attempt to extract further value from its Fenosa unit, acquired in 2008, to fuel net profit to 1.5 billion euros in 2012 and about 2 billion in 2014, compared with 1.1 billion euros in 2009.

In Gas Natural’s first strategic plan since the company acquired Fenosa in 2008, the company said it had already achieved 98 percent of the 550 million euros of savings it targeted with Fenosa.

Gas Natural posted a 48 percent surge in first-half earnings before interest, taxes, depreciations and amortizations to 2.381 million euros, boosted by the full consolidation of Fenosa in April 2009, although this missed estimates by analysts for 2.40 billion euros.

Net profit rose 37 percent to 853 million euros, supported by the sale of gas generation and distribution assets but also missed forecasts for 917 million euros from a Reuters poll of seven analysts.

Strong electricity generation and Latin American activities offset weakness at Gas Natural’s gas and deregulated business to contribute to modest 3.8 percent pro-forma growth in first half EBITDA, which factors in the Fenosa acquisition.

(Reporting by Jonathan Gleave; editing by Simon Jessop)

BRIEF-Stora posts strong Q2 profit, cautious on q3

July 22 (Reuters) – Top European paper and board maker Stora Enso (STERV.HE) reported on Thursday:

* Q2 underlying EBIT 213 mln euros vs 131 mln avg fcast in Reuters poll

* Q2 net sales 2.69 bln euros vs 2.38 bln avg fcast in poll

* Says structural overcapacity remains in Europe

* Says Q3 outlook uncertain

* Says sees higher Q3 prices vs Q2

* Says higher Q3 costs to burden result

* Says plans “significant” stoppages in Q3

* Says European Q3 newsprint demand to be similar to that in Q2

* Says coated paper demand to rise vs Q2

* Says sees higher Q3 fine paper demand y/y, weaker vs Q2

* Says sees 2010 cost inflation at 2 pct

(Reporting by Helsinki Newsroom)

Seoul shares post 25-mth closing high on techs

July 14 (Reuters) – Seoul shares posted an over two-year closing high on Wednesday as technology issues such as Samsung Electronics (005930.KS) soared on Intel’s positive earnings, but POSCO (005490.KS) retreated on outlook worries.

Foreign investors were buyers of a net 905 billion won ($746.4 million) worth of stocks, their biggest daily purchase since mid-September 2009.

The Korea Composite Stock Price Index (KOSPI) finished up 1.32 percent at 1,758.01 points, its highest close since mid-June 2008.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

S&P says political hurdles to Japan fiscal reform

July 12 (Reuters) – Standard & Poor’s may lower Japan’s sovereign ratings if the government’s fiscal position erodes further or there is a lack of concrete measures aimed at fiscal consolidation, the ratings agency said on Monday.

S&P said in a statement that stabilising the political environment is a key challenge for Japan to implement meaningful and sustainable fiscal consolidation following Japan’s upper house election on Sunday.

S&P, which cut its outlook on Japan’s ratings to negative in January, said it would consider revising the outlook to stable if the government consolidates its political foundations and takes concrete measures for fiscal consolidation. (Reporting by Masayuki Kitano)

BRIEF-Moody’s lowers Astellas Pharma to Aa3, outlook stable

(Reuters) – Astellas Pharma: Moody’s Investors Service has lowered to Aa3 from Aa2 the issuer rating of Astellas Pharma Inc. The rating outlook is stable.

Quadra FNX lowers 2010 copper production outlook

June 20 (Reuters) – Canadian miner Quadra FNX Mining Ltd (QUX.TO) has lowered its 2010 copper production outlook by about 12 percent, due to slowdowns in production from its Franke mine in Chile and its Carlota mine in Arizona.

Vancouver-based Quadra, which recently closed its C$1.6 billion takeover of FNX Mining, said it now expects 2010 copper production of 265 million pounds, down from a prior estimate of 300 million pounds.

Gold and precious metal production guidance remains unchanged at 155,000 ounces, the company said in a statement late on Saturday.

The company said it expects operations at the Franke mine to be back at optimum levels by the first half of 2011, while ore grades and volumes at Carlota are expected to improve in the second half of this year.

Last week, Quadra FNX announced that its proposed joint venture in Chile with China’s State Grid International Development Ltd had fallen apart, after the two sides were unable to conclude a definitive agreement. [ID:nN16163689] (Reporting by Euan Rocha; Editing by Marguerita Choy)

BRIEF-Moody’s changes Takata Corp A3 issuer outlook to stable

(Reuters) – Takata Corporation: Moody’s investors Service has today changed the outlook on Takata Corporation’s (“Takata”) A3 issuer rating to stable from negative.

UPDATE 1-PZ Cussons on track for FY; UK trading tough

June 10 (Reuters) – British soap and shampoo maker PZ Cussons (PZC.L) said it was on track to meet full-year forecasts, even though trading conditions in the UK remain tough and the consumer outlook is getting worse.

The company, owner of the Imperial Leather, Carex and original Source brands, said on Thursday its results for the year to May 31 “are anticipated to be in line with expectations.”

PZ Cussons said a pipeline of new products had driven strong growth in the UK, but warned of a “worsening consumer outlook” and competitive trading conditions.

The company also said its biggest capital investment programme, a 39 million pound ($56.31 million) upgrade to its Nigerian manufacturing and supply chain, is on track to finish in the next few months.

PZ Cussons shares closed at 296.5 pence on Wednesday, valuing the company at about 1.26 billion pounds. ($1=.6926 Pound) (Reporting by Myles Neligan; editing by Simon Jessop)

Spain’s Almirall lowers outlook on drug price cuts

June 1 (Reuters) – Spain’s Almirall (ALM.MC) has cut its 2010 guidance after a new round of drug price reductions, becoming one of the first in the pharmaceutical industry to announce the impact of a European-wide austerity drive.

Healthcare

Almirall, best known for its asthma and allergy drugs, said it expects revenue to fall by about 5 percent in 2010 from the 925 million euros ($1.13 billion) posted in 2009.

This compares with the company’s original forecasts for full-year revenue to be stable or slightly lower.

Net profit excluding one-off items will also fall by about 5 percent in 2010, the drug firm said on Tuesday.

Last month, Spain announced a further wide range of price cuts for patented drugs from Aug. 1, following a 1.5 billion euro hit in March. Drug prices have been in the firing line as European governments tackle ballooning budget deficits, and smaller European-based drug firms like Almirall were expected to be among the hardest hit. [ID:nLDE64G20F]

(Reporting by Tracy Rucinski; Editing by Erica Billingham)

Toho Zinc H1 zinc output seen up 16.2 pct yr/yr

TOKYO, April 9 (Reuters) – Japan’s Toho Zinc Co Ltd (5707.T) said it plans to produce 56,981 tonnes of zinc in the April-September first half, up 16.2 percent from a year earlier.

Basic Materials | Energy

Most Japanese smelters have kept a cautious outlook on their output plans due to uncertainty over demand as Japan’s economy is only gradually recovering from the worst economic downturn in decades that forced manufacturers to reduce production and led to a sharp decline in consumption of metals.

For details of plans announced by Japanese smelters click: [ID:nTOE63504T]

Following are figures for the company’s latest output plan, with comparisons with estimated production in the second half of 2009/10 and actual production in the first half of 2009/10 (in tonnes):

H1 10/11 H1 09/10 H2 09/10

Zinc 56,981 49,026 60,892

Lead 49,000 38,812 41,284

Silver 145 157 173 (Reporting by Chikako Mogi)

BRIEF-Moody’s: Outlook for Japan P&C ins. industry still neg

March 29 (Reuters) – Japanese property and casualty insurance
industry

*Moody’s Investors Service says in a new report that the
outlook for the Japanese property and casualty (P&C) insurance
industry remains negative, due to downward pressure on revenue
and profits in the domestic market, especially in auto insurance.

Polar bears face extinction in less than 70 years because of global warming

London, September 11 (ANI): A new research has warned that polar bears face extinction in less than 70 years because of global warming.

“Recent projections suggest polar bears could be extinct within 70 years,” Eric Post, associate professor of biology at Penn State University, who led the latest study, told the Telegraph.

“But we think this could be a very conservative estimate. The outlook is very bleak for them and other creatures such as ringed seals,” he said.

Melting ice is causing Polar bear numbers to drop dramatically, scientists warn.

“The rate at which sea ice is disappearing is accelerating and these creatures rely on it for shelter, hunting and breeding. If this goes, so do they,” said Post.

Others also at risk include ivory gulls, Pacific walruses, ringed and hooded seals and narwhals, small whales with long, spiral tusks.

One of the problems is that other animals are moving north, encroaching on their territory, spurred by increasing temperatures, pushing out native species.

The animals are also struggling with the loss of sea ice.

The international team analyzed average temperature in the Arctic over the last 150 years and warned many animals that are dependent upon the stability and persistence of sea ice are faring especially badly.

Polar bears and ringed seals both give birth in lairs or caves under the snow and can lose many newborn pups when the lairs collapse in unusually early spring rains, triggered by climate change.

Among animals migrating further north are red foxes, which are driving out the smaller Arctic foxes. (ANI)

Taller people are happier than shorter ones

London, Sept 9 (ANI): Taller people are much happier with their lives than shorter peers, says a new study by U.S. academics.

The research published in science journal Elsevier’s Economics and Human Biology claimed people of greater height ‘live better lives’ on average, as they are better equipped to deal with life’s problems compared to their vertically challenged counterparts and they possess more of a positive outlook.

To reach the conclusion, scientists interviewed around 454,065 American adults, asking them all to detail their height, their emotions and where they saw themselves on an “imaginary life ladder.”

From analyses, boffins found that taller people reported a range of positive emotions such as enjoyment and happiness than shorter people in the survey, reports The Daily Express.

Men who reported that their lives were the ‘worst possible’ were more than eight tenths of an inch (2cm) shorter than the average man.

Women who saw themselves ‘on the bottom step’ were shorter than the average woman by half an inch (1.3cm).

However, not everything was rosy for leggier participants.

The taller you are, the more likely you are to experience stress and anger, whilst tall women have a tendency to over-worry, the study found. (ANI)

Robots may soon be serving the elderly at home just like humans do

Washington, August 29 (ANI): Elderly people with limited mobility may soon come to be served by robots in a manner as if they are being served by other persons, thanks to a collaborative study by three University of Illinois at Chicago engineers and a Rush University nursing specialist.

“We want to help elderly people communicate with robots, to tell them what they need, and to perform physical activities,” said Milos Zefran, UIC associate professor of electrical and computer engineering.

The three-year study, supported by a grant of 989,000 dollars from the National Science Foundation, is aimed at developing software to allow the elderly to communicate with robots that can respond to a wide range of verbal language, non-verbal gestures, and touch.

“If we can help the elderly remain independent and continue living in their own homes, that will improve their health outlook while relieving the burden on family members and health care providers,” said Zefran, the lead researcher.

The researchers say that their communication interface software will have at its core a novel adaptive and reliable recognition methodology called Recognition by Indexing and Sequencing (RISq), which will allow the robot to comprehend speech altered by impairments and to learn and adapt to such speech.

To enable a robot to understand and correctly respond to various forms of human touch, the researchers will combine techniques from natural language processing and haptics, a scientific term to describe the computerized sense of touch.

They say that the robot will also know how to respond to the user safely when performing everyday chores, such as cooking or making a bed.

“We’ll start by observing interaction between human helpers and the elderly. We’ll identify what kind of language, physical interactions and non-verbal interactions are used. Then we’ll develop a mathematical framework to model this interaction so it can be treated by the robot as a single way of communicating,” Zefran said.

The researchers say that they will program and test a robot, in order to devise refinements, as the project progresses.

“The human-robot interface is really a long-standing, open problem that won’t be solved in three years. But we’ll have a working prototype by then, and we’ll know what additional research needs to be done,” Zefran said.

He believes that this research project may also find widespread use in delivery of institutionally based health care, where routine tasks now done by nurses could be handled by robots.

“If robots can alleviate some of the burden nurses face, they then could spend more time where they’re really needed — providing the human contact that a robot can’t replace,” he said.

Zefran has revealed that his work will include developing seminars or a new graduate or upper-level undergraduate course that considers the various factors that allow robots to perform more sophisticated tasks. (ANI)

BJP top brass meets Advani, immediate change in party leadership ruled out

New Delhi, Aug.29 (ANI): The Bharatiya Janata Party (BJP) top brass met senior leader L.K. Advani at his residence late on Friday night for almost two hours.

Among those who met Advani were Sushma Swaraj, Arun Jaitley, Venkaiah Naidu and Ananth Kumar.

Sources claimed that despite RSS chief Mohan Bhagwat chalking out a succession plan for the BJP, there are no immediate plans to ring in changes in the leadership.

The RSS succession plan is reported to have been discussed during the meeting.

BJP leaders were reluctant to reveal to the media what exactly transpired at the meeting claiming that it was a routine meeting.

The other issue that came up for discussion was Jaswant Singh’s charge that Advani knew about and was in favour of exposing the cash for vote scam that hit Parliament in July last year, as the UPA Government was seeking a vote of confidence.

Firing a fresh salvo, Singh said Advani was “at the centre” of the cash-for-votes scam drama enacted in the Lok Sabha last year.

“It’s a great sense of pity. Here was a man who was consumed by an ambition to be Prime Minister, and that desire made him commit so many mistakes. Do you know this whole wretched thing of money for votes is a classic example of wrong decision-making and it’s extremely troubling that he did not stand up and say no? Advaniji was at the centre of this whole drama,” he told Outlook magazine.

Singh was referring to the episode when three BJP MPs displayed bundles of currency notes totaling Rs.10 million, claiming they were being offered as bribe to support the government.

Singh said the facts were clear and he stumbled on to the whole thing when Sudheendra Kulkarni, a former aide of Advani, brought a very strange looking fellow to his house.

“I was not consulted but I was appalled that Advaniji was giving the MPs the go ahead to display money in Parliament,” he said adding that Advani had two choices — either to take the money to the Speaker or into the House. But he told the MPs to display the money in Parliament.

The options left for Advani are to break his silence and publicly clarify his stand to take on his detractors or else resign as Leader of Opposition and end his political career, leaving the BJP to battle the crisis.

Advani could also stay on till BJP presidential election in December to chart out a comprehensive succession plan.

It is clear that the fault line in the BJP have widened with a number of senior leaders rebelling against the party high command. With some much infighting there seems to be three distinct camps within the BJP – the Rajnath Camp, the Advani Camp and the Vajpayee Camp. (ANI)

Advani was at centre of cash-for-vote drama in Parliament: Jaswant Singh

New Delhi, Aug 28(ANI): Expelled Bharatiya Janata Party (BJP) leader Jaswant Singh on Friday sharpened his attack on the BJP by saying that senior party leader L K Advani was “at the centre” of the cash-for-votes scam drama enacted in the Lok Sabha last year.

“It’s a great sense of pity. Here was a man who was consumed by an ambition to be Prime Minister, and that desire made him commit so many mistakes,” Singh has told the Outlook magazine in an interview.

“Do you know this whole wretched thing of money for votes is a classic example of wrong decision making and it’s extremely troubling that he did not stand up and say no. Advaniji was at the centre of this whole drama,” he added.

Singh further said that Advani had two options to choose from, either to take the money to the Speaker or into the House.

“I was not consulted, but I was appalled that Advaniji was giving the MPs the go ahead to display money in Parliament,” Singh said.

Singh was referring to the episode, when three MPs, Ashok Argal, Faggan Singh Kulaste and Mahavir Bhagora, stunned the nation by brandishing wads of cash in the Lok Sabha shortly before the Manmohan Singh government was to face the trust vote last July. (ANI)

Teens who think they’ll die young more likely to engage in risky behaviour

Washington, July 3 (ANI): One in seven adolescents think they’re going to die young, leading many to drug use, suicide attempts and other unsafe behaviour, a new research has suggested.

University of Minnesota Medical School researcher Iris Borowsky, M.D., Ph.D., and colleagues analyzed data collected by the National Longitudinal Study of Adolescent Health, a nationally representative sample of more than 20,000 youth in grades 7 through 12 during three separate study years. In the first set of interviews, nearly 15 percent of adolescents predicted they had a 50/50 chance or less of living to age 35.

The researchers found that those who engaged in risky behaviours such as illicit drug use, suicide attempts, fighting, or unsafe sexual activity in the first year were more likely in subsequent years to believe they would die at a young age.

Vice versa, those who predicted that they’d die young during the first interview were more likely in later years to begin engaging in these same risky behaviors and have poor health outcomes, the researchers found.

Notably, these teens were significantly more likely to be diagnosed with HIV/AIDS just six years later, regardless of their sexual preference.

“While conventional wisdom says that teens engage in risky behaviours because they feel invulnerable to harm, this study suggests that in some cases, teens take risks because they overestimate their vulnerability, specifically their risk of dying,” Borowsky said.

“These youth may take risks because they feel hopeless and figure that not
much is at stake,” Borowsky added.

Nearly 25 percent of youth living in households that receive public assistance and more than 29 percent of American-Indian, 26 percent of African-American, 21 percent of Hispanic, and 15 percent of Asian youth reported believing they would die young-compared to just 10 percent of their Caucasian peers.

“Our findings reinforce the importance of instilling a sense of hope and optimism in youth.

Strong connections with parents, families, and schools, as well as positive media messages, are likely important factors in developing an optimistic outlook for young people,” Borowsky said.

There was no significant relationship between perceived risk of dying before age 35 and actual death from all causes during the six-year study period.

The study has been published in the July issue of Paediatrics. (ANI)

Don’t fool people by claiming “premature”success in Swat operation : former PAF official

Islamabad, July 1 (ANI): While the Pakistan government has been claiming that the Swat military offensive has been successful and nearing its end, a former Pakistan Air Force (PAF) top official, Air Marshal (retired) Masood Akhter has raised questions over the claims by saying that people shouldn’t be fooled through such statements.

During a discussion on ‘Post-Swat Operation Outlook’ here, Akhter said people should not hope that the war against terrorism and the extremist threat would end within a few weeks.

“We shouldn’t befool people by saying war against militancy will end within a few weeks. The army is rendering sacrifices there and we must support it but it’ll take some time to completely defeat these elements,” The Daily Times quoted Akhter, as saying.

Akhter said the military offensive in the North West Frontier Province (NWFP) would continue until militants are rooted out from region, and added that it was in Pakistan’s interest to quell extremism.

“It’s our war because it threatens our vital national interest and our moderate way of life, and the non-state actors are also threatening all of us,” he added.

Akhter highlighted that the government’s work should not be limited to flushing out of the militants, but it should also cover the post-war scenario.

“The government should socially and ideologically isolate adversaries, sever links between local terrorists and international jihadis, and wean people away from religious extremism,” he said. (ANI)

Teens who think they’ll die young more likely to engage in unsafe behaviour

Washington, June 29 (ANI): One in seven adolescents believe think they’re going to die young, leading many to drug use, suicide attempts and other unsafe behaviour, a new research has suggested.

University of Minnesota Medical School researcher Iris Borowsky, M.D., Ph.D., and colleagues analyzed data collected by the National Longitudinal Study of Adolescent Health, a nationally representative sample of more than 20,000 youth in grades 7 through 12 during three separate study years. In the first set of interviews, nearly 15 percent of adolescents predicted they had a 50/50 chance or less of living to age 35.

The researchers found that those who engaged in risky behaviours such as illicit drug use, suicide attempts, fighting, or unsafe sexual activity in the first year were more likely in subsequent years to believe they would die at a young age.

Vice versa, those who predicted that they’d die young during the first interview were more likely in later years to begin engaging in these same risky behaviors and have poor health outcomes, the researchers found.

Notably, these teens were significantly more likely to be diagnosed with HIV/AIDS just six years later, regardless of their sexual preference.

“While conventional wisdom says that teens engage in risky behaviours because they feel invulnerable to harm, this study suggests that in some cases, teens take risks because they overestimate their vulnerability, specifically their risk of dying,” Borowsky said.

“These youth may take risks because they feel hopeless and figure that not
much is at stake,” Borowsky added.

Nearly 25 percent of youth living in households that receive public assistance and more than 29 percent of American-Indian, 26 percent of African-American, 21 percent of Hispanic, and 15 percent of Asian youth reported believing they would die young-compared to just 10 percent of their Caucasian peers.

“Our findings reinforce the importance of instilling a sense of hope and optimism in youth. Strong connections with parents, families, and schools, as well as positive media messages, are likely important factors in developing an optimistic outlook for young people,” Borowsky said.

There was no significant relationship between perceived risk of dying before age 35 and actual death from all causes during the six-year study period. (ANI)

Jessica Simpson’s new fragrance inspired by Tony Romo?

Washington, June 19 (ANI): Singer Jessica Simpson is set to launch a new perfume inspired by lover Tony Romo.

The 28-year-old beauty collaborated on the “timeless, romantic fragrance of falling in love” with a team of professional perfumers and wanted a sensual floral that exudes her own flirtatious charm.

“It is a fresh, new expression of Jessica’s lifestyle,” Fox News quoted Vince Camuto, CEO of the Camuto Group (which develops and design the Jessica Simpson collection) as saying.

“She is loved and in love,” he added.

“Tony brings out the best in Jessica,” said a source

“She is over caring about what everyone thinks,” the source added.

Meanwhile, Simpson is reportedly drawing plans to get herself involved in a new reality TV show based on society’s outlook of women’s bodies.

The singer, who has previously featured on reality television Newlyweds with former hubby Nick Lachey, is allegedly working on the reality series entitled The Price of Beauty. (ANI)