Wednesday, April 3, 2013

Monsanto profit rises 22 percent in second quarter

WASHINGTON (AP) ? Monsanto reported Wednesday that its income increased 22 percent in the agriculture products company's second quarter on strong sales of biotech seeds, particularly in Brazil and other emerging markets.

The company boosted its full-year earnings guidance, citing its strong performance in the first half of the year.

Its shares rose 2 percent in morning trading.

The St. Louis company said it earned $1.48 billion, or $2.74 per share in the three months ended Feb. 13, up from $1.21 billion, or 2.24 per share, in the same quarter a year ago.

Monsanto Co.'s sales increased 15 percent to $5.47 billion, led by genetically modified corn seeds, the company's best-selling product.

The company's results topped Wall Street predictions of $2.56 per share on sales of $5.27 billion, according to FactSet.

Monsanto executives raised their full-year earnings outlook to between $4.40 and $4.50 per share, up from $4.30 to $4.40. Analysts expect earnings of $4.56 per share.

Monsanto has dominated the bioengineered-seed business for more than a decade. In recent years the company has focused on growing business in emerging markets like Argentina, Brazil and other Latin American countries.

The company's corn, soybean, cotton and other seeds have genetically engineered traits that repel bugs, increase yield and make them resistant to weed-killer. The company says these benefit farmers enough that they come out ahead, even though the seeds cost more than conventional seeds. Monsanto's critics argue that the company has tried to use patent law to control the supply of seeds for soybeans, corn, cotton, canola and other agricultural staples. Monsanto has a policy that prohibits farmers from saving or reusing the seeds once a crop is grown

Last month the Supreme Court heard a case between Monsanto and an Indiana farmer who replanted the company's herbicide-resistant soybeans after buying them second hand. The court appeared likely to side with Monsanto Co. in its claim that the farmer violated the company's patents on the soybean technology.

Sales of the company's seeds business increased more than 10 percent to $4.3 billion in the second quarter. Sales of the company's agricultural productivity unit, which sells pesticides and herbicides, increased 36 percent to $1.1 billion.

Monsanto historically made most of its money from chemicals, including the herbicide Roundup. But Roundup isn't as profitable as it used to be, in part because competition from generic products from China and other nations has dragged down the price Monsanto can charge.

Monsanto shares rose $2.03, or 2 percent, to $105.65 in morning trading. They are near the high end of the 52-week range of $69,70 to $106.61.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-04-03-Earns-Monsanto/id-61b9d3cd92714e8fa6cf3eb4af57474c

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Battle of the rings: Costco countersues Tiffany over diamond ring

By Amy Langfield, TODAY contributor

For Tiffany & Co., that classic robin-egg blue box and its solitaire sparkling diamond ring signal something quite specific, and the jeweler wants to make sure it stays that way.

When the Fifth Avenue luxury goods powerhouse filed a?Valentine?s Day trademark lawsuit?against Costco Wholesale, it probably didn?t expect the bulk-buy discounter to?counter with its own charges.

Costco says the Tiffany-style solitaire ring ? a diamond mounted onto a single band with six prongs, has become so mainstream that it has lost its trademark protection.?

If Costco prevails, the Tiffany name could go the way of aspirin, the escalator, the trampoline and kerosene, which all lost their trademarks as their names fell into generic use, said Gene Quinn, a patent attorney and founder of the?IP Watchdog website.?

Read the?Tiffany lawsuit?(.pdf) and the?Costco countersuit?(.pdf)

At issue is how Costco was describing some of its diamond rings, according to the Feb. 14 lawsuit filed in the U.S. District Court, Southern District of New York. A customer notified Tiffany that a Costco in Huntington Beach, Calif. was selling discounted Tiffany rings.

A sign in the warehouse-style store stated: ?605880 ? PLATINUM TIFFANY VS2.1 1.00CT ROUND BRILLIANT SOLITAIRE RING 6399.99,? according to the lawsuit filed by Tiffany.

Costco, in its March 8 counterclaim, says it never told shoppers the ring or its diamond were made by Tiffany, but that the sign refers to the setting. ?The style of this ring setting is commonly known as a Tiffany setting. The word Tiffany is a generic term for ring settings comprising multiple slender prongs extending upward from a base to hold a single gemstone,? Costco said.

Tiffany says it?s not buying that excuse.

?Costco?s answer seeks to muddy the waters, but one thing remains clear. The TIFFANY mark is a federally-registered incontestable trademark, has been continuously used for over 175 years and enjoys worldwide fame and recognition as designating superior goods from Tiffany & Co., and particularly Tiffany & Co. diamond engagement jewelry,? the New York-based company said in a statement emailed to NBCNews.

?When Costco used that trademark to refer to goods that had nothing whatsoever to do with Tiffany & Co., they infringed Tiffany?s trademark, while damaging both their own customers and the Tiffany brand. Costco?s counter-claim is an unfounded and weak attempt to defend its willful and infringing use of the TIFFANY trademark. We look forward to proving this in the upcoming court case.?

Contacted for this story, a Costco official said the company does not comment on litigations.

Non-members of Costco may be surprised the warehouse club offers such high-end goods. The Tiffany lawsuit points out that Costco sells legitimate high-end jewelry including Cartier, Chanel and Movado and Breitling. A check of the Costco website even reveals a 3-carat solitaire?diamond ring for $99,000?(valued at $154,000.) It does not mention that the mounting is Tiffany-style.

Although jewelers say it is common to refer to a setting as a ?Tiffany style,? Quinn, the patent attorney, says Costco is likely to have an expensive, uphill battle defending its use of ?Tiffany? instead of ?Tiffany-style.?

Given the high stakes, Tiffany will likely fight hard against Costco, Quinn said.

Otherwise, Tiffany risks becoming tiffany.?

?

Source: http://feeds.nbcnews.com/c/35002/f/653351/s/2a443a1c/l/0Llifeinc0Btoday0N0C0Inews0C20A130C0A40C0A20C17570A8980Ebattle0Eof0Ethe0Erings0Ecostco0Ecountersues0Etiffany0Eover0Ediamond0Ering0Dlite/story01.htm

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Why Affiliate Marketing is a Great Way to Earn Money ? Linked Data ...

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Sunday, March 31, 2013

Artificial spleen to treat bloodstream infections: Sepsis therapeutic device under development

Mar. 30, 2013 ? The Wyss Institute for Biologically Inspired Engineering at Harvard University announced today that it was awarded a $9.25 million contract from the Defense Advanced Research Projects Agency (DARPA) to further advance a blood-cleansing technology developed at the Institute with prior DARPA support, and help accelerate its translation to humans as a new type of sepsis therapy.

The device will be used to treat bloodstream infections that are the leading cause of death in critically ill patients and soldiers injured in combat.

To rapidly cleanse the blood of pathogens, the patient's blood is mixed with magnetic nanobeads coated with a genetically engineered version of a human blood 'opsonin' protein that binds to a wide variety of bacteria, fungi, viruses, parasites, and toxins. It is then flowed through microchannels in the device where magnetic forces pull out the bead-bound pathogens without removing human blood cells, proteins, fluids, or electrolytes -- much like a human spleen does. The cleansed blood then flows back to the patient.

"In just a few years we have been able to develop a suite of new technologies, and to integrate them to create a powerful new device that could potentially transform the way we treat sepsis," said Wyss founding director and project leader, Don Ingber, M.D., Ph.D. "The continued support from DARPA enables us to advance our device manufacturing capabilities and to obtain validation in large animal models, which is precisely what is required to enable this technology to be moved towards testing in humans."

The team will work to develop manufacturing and integration strategies for its core pathogen-binding opsonin and Spleen-on-a-Chip fluidic separation technologies, as well as a novel coating technology called "SLIPS," which is a super-hydrophobic coating inspired from the slippery surface of a pitcher plant that repels nearly any material it contacts. By coating the inner surface of the channels of the device with SLIPS, blood cleansing can be carried out without the need for anticoagulants to prevent blood clotting.

In addition to Ingber, the multidisciplinary team behind this effort includes Wyss core faculty and Harvard School of Engineering and Applied Science faculty member Joanna Aizenberg, Ph.D., who developed the SLIPS technology; Wyss senior staff member Michael Super, Ph.D., who engineered the human opsonin protein; and Mark Puder, M.D., Ph.D., Associate Professor of Pediatric Surgery at Boston Children's Hospital and Harvard Medical School who will be assisting with animal studies.

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Saturday, March 30, 2013

Andrew Padilla, East Harlem Filmmaker, Explores Neighborhood's Gentrification In 'El Barrio Tours' Documentary

Andrew Padilla, East Harlem Filmmaker, Explores Neighborhood's Gentrification In 'El Barrio Tours' Documentary
El Barrio Tours East Harlem

A man watches the Three Kings Day Parade in East Harlem January 6, 2010 in New York City. (Photo by Mario Tama/Getty Images)

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HARLEM ? Andrew Padilla's roots in El Barrio go back to when his grandfather first moved to East Harlem. Now, 60 years on, the filmmaker can barely afford to live there.

The gentrification and blurring of the line between the neighborhood and the Upper East Side, and its impact on longtime residents, are the topics of Padilla's new short documentary

Read the whole story at DNA Info

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    Pope's foot-washing final blow for traditionalists

    Pope Francis, right, looks up to the Crucifix during the Passion of Christ Mass inside St. Peter's Basilica, at the Vatican, Friday, March 29, 2013. Pope Francis began the Good Friday service at the Vatican with the Passion of Christ Mass and hours later will go to the ancient Colosseum in Rome for the traditional Way of the Cross procession. (AP Photo/Gregorio Borgia)

    Pope Francis, right, looks up to the Crucifix during the Passion of Christ Mass inside St. Peter's Basilica, at the Vatican, Friday, March 29, 2013. Pope Francis began the Good Friday service at the Vatican with the Passion of Christ Mass and hours later will go to the ancient Colosseum in Rome for the traditional Way of the Cross procession. (AP Photo/Gregorio Borgia)

    (AP) ? Pope Francis has won over many hearts and minds with his simple style and focus on serving the world's poorest, but he has devastated traditionalist Catholics who adored his predecessor, Benedict XVI, for restoring much of the traditional pomp to the papacy.

    Francis' decision to disregard church law and wash the feet of two girls ? a Serbian Muslim and an Italian Catholic ? during a Holy Thursday ritual has become something of the final straw, evidence that Francis has little or no interest in one of the key priorities of Benedict's papacy: reviving the pre-Vatican II traditions of the Catholic Church.

    One of the most-read traditionalist blogs, "Rorate Caeli," reacted to the foot-washing ceremony by declaring the death of Benedict's eight-year project to correct what he considered the botched interpretations of the Second Vatican Council's modernizing reforms.

    "The official end of the reform of the reform ? by example," ''Rorate Caeli" lamented in its report on Francis' Holy Thursday ritual.

    A like-minded commentator in Francis' native Argentina, Marcelo Gonzalez at International Catholic Panorama, reacted to Francis' election with this phrase: "The Horror." Gonzalez's beef? While serving as Cardinal Jorge Mario Bergoglio, Francis' efforts to revive the old Latin Mass so dear to Benedict and traditionalists were "non-existent."

    The night he was chosen pope, March 13, Francis emerged from the loggia of St. Peter's Basilica without the ermine-rimmed red velvet cape, or mozzetta, used by popes past for official duties, wearing instead the simple white cassock of the papacy.

    He also received the cardinals' pledges of obedience after his election not from a chair on a pedestal as popes normally do but rather standing, on their same level. In the days since, he has called for "intensified" dialogue with Islam ? a gesture that rankles some traditionalists because they view interfaith dialogue as a sign of religious relativism.

    This year's Good Friday procession at Rome's Colosseum, which re-enacts Jesus Christ's crucifixion, was dedicated to the plight of Mideast Christians, with prayers calling for an end to "violent fundamentalism."

    Francis, however, chose to stress Christians' positive relations with Muslims in brief remarks the end of the ceremony. He recalled Benedict's 2012 visit to Lebanon when "we saw the beauty and the strong bond of communion joining Christians together in that land and the friendship of our Muslim brothers and sisters and so many others."

    Francis also raised traditional eyebrows when he refused the golden pectoral cross offered to him right after his election by Monsignor Guido Marini, the Vatican's liturgy guru who under Benedict became the symbol of Benedict's effort to restore the Gregorian chant and heavy silk brocaded vestments of the pre-Vatican II liturgy to papal Masses.

    Marini has gamely stayed by Francis' side as the new pope puts his own stamp on Vatican Masses with no-nonsense vestments and easy off-the-cuff homilies. But there is widespread expectation that Francis will soon name a new master of liturgical ceremonies more in line with his priorities of bringing the church and its message of love and service to ordinary people without the "high church" trappings of his predecessor.

    There were certainly none of those trappings on display Thursday at the Casal del Marmo juvenile detention facility in Rome, where the 76-year-old Francis got down on his knees and to wash the feet of 12 inmates, two of them women. The rite re-enacts Jesus' washing of the feet of his 12 apostles during the Last Supper before his crucifixion, a sign of his love and service to them.

    The church's liturgical law holds that only men can participate in the rite, given that Jesus' apostles were all male. Priests and bishops have routinely petitioned for exemptions to include women, but the law is clear.

    Francis, however, is the church's chief lawmaker, so in theory he can do whatever he wants.

    "The pope does not need anybody's permission to make exceptions to how ecclesiastical law relates to him," noted conservative columnist Jimmy Akin in the National Catholic Register. But Akin echoed concerns raised by canon lawyer Edward Peters, an adviser to the Vatican's high court, that Francis was setting a "questionable example" by simply ignoring the church's own rules.

    "People naturally imitate their leader. That's the whole point behind Jesus washing the disciples' feet. He was explicitly and intentionally setting an example for them," he said. "Pope Francis knows that he is setting an example."

    The inclusion of women in the rite is problematic for some because it could be seen as an opening of sorts to women's ordination. The Catholic Church restricts the priesthood to men, arguing that Jesus and his 12 apostles were male.

    Francis is clearly opposed to women's ordination. But by washing the feet of women, he jolted traditionalists who for years have been unbending in insisting that the ritual is for men only and proudly holding up as evidence documentation from the Vatican's liturgy office saying so.

    "If someone is washing the feet of any females ... he is in violation of the Holy Thursday rubrics," Peters wrote in a 2006 article that he reposted earlier this month on his blog.

    In the face of the pope doing that very thing, Peters ? like many conservative and traditionalist commentators ? have found themselves trying to put the best face on a situation they don't like lest they be openly voicing dissent with the pope.

    By Thursday evening, Peters was saying that Francis had merely "disregarded" the law ? not violated it.

    The Rev. John Zuhlsdorf, a traditionalist blogger who has never shied from picking fights with priests, bishops or cardinals when it concerns liturgical abuses, had to measure his comments when the purported abuser was the pope himself.

    "Before liberals and traditionalists both have a spittle-flecked nutty, each for their own reasons, try to figure out what he is trying to do," Zuhlsdorf wrote.

    But, in characteristic form, he added: "What liberals forget in their present crowing is that even as Francis makes himself ? and the church ? more popular by projecting (a) compassionate image, he will simultaneously make it harder for them to criticize him when he reaffirms the doctrinal points they want him to overturn."

    One of the key barometers of how traditionalists view Francis concerns his take on the pre-Vatican II Latin Mass. The Second Vatican Council, the 1962-65 meetings that brought the church into the modern world, allowed the celebration of the Mass in the vernacular rather than Latin. In the decades that followed, the so-called Tridentine Rite fell out of use almost entirely.

    Traditionalist Catholics who were attached to the old rite blame many of the ills afflicting the Catholic Church today ? a drop in priestly vocations, empty pews in Europe and beyond ? on the liturgical abuses that they say have proliferated with the celebration of the new form of Mass.

    In a bid to reach out to them, Benedict in 2007 relaxed restrictions on celebrating the old Latin Mass. The move was aimed also at reconciling with a group of schismatic traditionalists, the Society of St. Pius X, who split from Rome precisely over the Vatican II reforms, in particular its call for Mass in the vernacular and outreach to other religions, especially Judaism and Islam.

    Benedict took extraordinary measures to bring the society back under Rome's wing during his pontificate, but negotiations stalled.

    The society has understandably reacted coolly to Francis' election, reminding the pope that his namesake, St. Francis of Assisi, was told by Christ to go and "rebuild my church." For the society, that means rebuilding it in a pre-Vatican II vision.

    The head of the society for South America, the Rev. Christian Bouchacourt, was less than generous in his assessment of Francis.

    "He cultivates a militant humility, but can prove humiliating for the church," Bouchacourt said in a recent article, criticizing the "dilapidated" state of the clergy in Buenos Aires and the "disaster" of its seminary. "With him, we risk to see once again the masses of Paul VI's pontificate, a far cry from Benedict XVI's efforts to restore to their honor the worthy liturgical ceremonies."

    ___

    Follow Nicole Winfield at www.twitter.com/nwinfield

    Associated Press

    Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-03-29-Vatican-Pope-Traditionalists/id-66c184b42fcb456c96ec1262566b1325

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    NCAA Sweet 16: South, Midwest regions feature top-flight teams

    There's NCAA royalty: Duke and Kansas. There are NCAA perennials: Florida, Michigan State, and Louisville. Michigan and Oregon have worked hard to get here. And then there's Cinderella, otherwise known as Florida Gulf Coast University, taking part in Friday night's Sweet 16 action.

    By Pat Murphy,?Staff / March 29, 2013

    Louisville guard Russ Smith shoots during practice for a regional semifinal game in the NCAA college basketball tournament, Thursday, March 28, 2013, in Indianapolis. Louisville plays Oregon on Friday.

    Michael Conroy/AP

    Enlarge

    Friday night, NCAA tournament action continues with regional semi-final action in the South and Midwest regions, taking place in Arlington, Texas, and Indianapolis respectively.

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    In the Midwest, top seed Louisville will face Oregon, seeded a debatable 12th this year. After reaching the 2012 Final Four, the Cardinals are looking to go back-to-back for the first time since they did it in 1982 and 1983. They easily dispatched North Carolina A&T in their first tournament game, then ran past Colorado State to reach the Sweet 16.

    The Cardinals are paced by guard Russ Smith, whose continual drives to the basket put tremendous pressure on the other team's defense.

    The Ducks, coming off an impressive win in the Pac-12 conference championship game, downed both Oklahoma State and Saint Louis to punch their ticket to Indy. Third year head coach Dana Altman, who previously had taken Creighton to the NCAA tournament, has his team playing at a high level.

    Also in the Midwest Friday night, second seed Duke takes on third seed Michigan State. This game could be considered an old-school match-up, as both teams have veteran lineups and coaches with extensive NCAA tourney experience.

    Mike Krzyzewski's Blue Devil squad beat both Albany and Creighton, while Tom Izzo's Spartans have looked solid in wins over Valparaiso and Memphis.

    Kansas is still alive as the top seed in the South region. The Jayhawks will meet fourth seed Michigan in Cowboys Stadium outside Dallas. KU had to scrap its way to?a win over Western Kentucky in the second round. Then, they had to overcome a poor first-half shooting performance against North Carolina before finally pulling away from the Tar Heels.

    Source: http://rss.csmonitor.com/~r/feeds/csm/~3/7cLpiFjZV3Q/NCAA-Sweet-16-South-Midwest-regions-feature-top-flight-teams

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