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| Momentum names may see more pain Friday, Apr 04, 2014 06:08 PM PDT  Familiar names such as Netflix, Facebook and Tesla Motors, along with a number of biotechnology and cloud-computing stocks, have been pummeled in the last month. Some stocks are down more than 20 percent over that period, falling into their own bear market, and yet their valuations still far exceed those of the broader U.S. stock indexes. Wall Street defines a bear market as a drop of 20 percent or more from a recent peak. Facebook Inc , for example, has fallen nearly 22 percent from an intraday record reached less than a month ago. Full Story | Top |
| Uganda arrests U.S.-funded health project staffer over gay law Friday, Apr 04, 2014 05:10 PM PDT By Elias Biryabarema KAMPALA (Reuters) - A U.S.-funded health project in Uganda has suspended operations after police arrested a staff member on suspicion of promoting homosexuality, highlighting the mounting legal risks confronting the gay community in the east African state. Uganda enacted legislation in February that strengthened punishments for anyone caught having gay sex, imposing jail terms of up to life for "aggravated homosexuality" -- including sex with a minor or while HIV-positive. The United States, one of Uganda's major bilateral sources of aid, and other Western donors have halted or re-directed some $118 million in aid since President Yoweri Museveni signed the law, which also criminalized lesbianism for the first time. In a notice on its website on Friday, Makerere University's Walter Reed Project, a collaboration between Uganda's biggest public institute of higher learning and the U.S. Military HIV Research Program, said it would temporarily halt its work until it established the legal basis for the arrest. Full Story | Top |
| Mob attacks Ebola treatment centre in Guinea, suspected cases reach Mali Friday, Apr 04, 2014 04:21 PM PDT By Adama Diarra and Misha Hussain BAMAKO/CONAKRY (Reuters) - An angry crowd attacked an Ebola treatment center in Guinea on Friday, accusing its staff of bringing the deadly disease to the town, Medecins Sans Frontieres said, as Mali identified its first suspected cases. More than 90 people have already died in Guinea and Liberia in what medical charity MSF, or Doctors without Borders, has warned could turn into an unprecedented epidemic in an impoverished region with poor health services. The outbreak in Guinea is the first time the disease, epidemics of which occur regularly in Central Africa, has appeared in the country. News of the outbreak has sent shockwaves through communities with little knowledge of the disease or how it is transmitted, and the suspected cases in Mali have added to fears that it is spreading in West Africa. Full Story | Top |
| U.S. federal judge sentences Florida pill mill doctors Friday, Apr 04, 2014 04:05 PM PDT By Zachary Fagenson MIAMI (Reuters) - A federal judge on Friday sentenced a South Florida doctor to more than six years in prison on a money-laundering conviction related to prescriptions she wrote for thousands of painkillers to addicts and drug dealers. A jury in July 2013 acquitted Dr. Cynthia Cadet, 43, a retired U.S. Air Force major, and Joseph Castronuovo, 74, on charges that their roles in a chain of South Florida pain clinics led to the deaths of nine patients. But the jury convicted the two of money laundering for their role in the "pill mill" conspiracy. U.S. District Judge Kenneth Marra sentenced Cadet to 78 months in prison, while Castronuovo received 18 months. Full Story | Top |
| Minnesota patient has West African virus, search on for others exposed Friday, Apr 04, 2014 03:26 PM PDT A traveler who flew back to the United States from West Africa was diagnosed with the rare and sometimes deadly Lassa fever, said health authorities who on Friday were trying to identify others on the plane who may have been exposed. In the first Lassa case in the United States in four years, an unnamed patient was admitted to a Minnesota hospital on Monday suffering from fever and confusion, the U.S. Centers for Disease Control and Prevention said in a statement. Blood samples sent to CDC tested positive for Lassa fever on Thursday. The patient was recovering and in stable condition on Friday, the CDC said. Full Story | Top |
| 'Verbal altercation' may have led to Fort Hood rampage: Army Friday, Apr 04, 2014 03:10 PM PDT  By Lisa Maria Garza and Eileen O'Grady FORT HOOD, Texas (Reuters) - The suspected gunman at Fort Hood in Texas argued heatedly with fellow soldiers before going on a shooting spree that left three dead and 16 injured at the expansive U.S. Army base, a military investigator said on Friday. The suspected shooter Ivan Lopez, a 34-year-old soldier battling mental illness, then turned the gun on himself in the second mass shooting at the base in the last five years. "We do have credible information he was involved in a verbal altercation with soldiers from his unit just prior to him allegedly opening fire," Christopher Grey, of the U.S. Army Criminal Investigation Command, told a news conference, without offering further details. Investigators from the military, Texas Rangers and the Federal Bureau of Investigation have interviewed more than 900 people to gather details of the crime scene that played out over an area covering about two city blocks, Grey said. Full Story | Top |
| Momentum stocks sink; Nasdaq posts worst day since February Friday, Apr 04, 2014 02:09 PM PDT  By Caroline Valetkevitch NEW YORK (Reuters) - Momentum shares like Netflix and TripAdvisor sold off sharply for a second straight day on Friday, giving the Nasdaq its worst day since February and leaving investors anxious about how much further they may fall. The big drop in momentum stocks overshadowed the day's relatively strong March jobs data, which helped the Dow and S&P 500 hit intraday record highs early in the session. Nasdaq's 2.6 percent loss follows a nearly 1 percent slide on Thursday and puts the index more than 5 percent below its closing high for the year, which was set on March 5. "For the past couple of weeks, the high-beta, high-risk, high-reward type plays have been underperforming the larger-cap S&P 500 and even the Dow," said Joe Bell, senior equities analyst with Schaeffer's Investment Research in Cincinnati. Full Story | Top |
| Angry mob attacks Ebola treatment centre in Guinea Friday, Apr 04, 2014 02:03 PM PDT CONAKRY (Reuters) - An angry crowd attacked a treatment center in Guinea on Friday where staff from Medecins Sans Frontieres (MSF) were working to contain an outbreak of the deadly Ebola virus, forcing it to shut down, a spokesman for the medical charity said. "We have evacuated all our staff and closed the treatment center," Sam Taylor told Reuters, adding that the attackers in Macenta had accused MSF of bringing the disease to the southeastern town. ... Full Story | Top |
| U.S. OKs portable antidote for painkiller overdoses Friday, Apr 04, 2014 01:09 PM PDT  By Susan Heavey WASHINGTON (Reuters) - U.S. regulators on Thursday approved a portable device to treat painkiller overdoses that people without medical training can use in emergency situations, a move to combat the rise of deaths from the abuse of opioids, including heroin. The Food and Drug Administration said making the cellphone-sized device with the recovery drug naloxone available for wider use could help save lives as opiod drug overdoses increase. The approval means emergency responders or even family members could have an easy-to-use treatment in cases of suspected overdose of opioids, which include pain drugs like oxycodone, morphine, codeine and hydrocodone as well as heroin. "It's really an effort to make this very usable," FDA Commissioner Margaret Hamburg said. Full Story | Top |
| Childhood eczema may last into adulthood: study Friday, Apr 04, 2014 12:58 PM PDT By Andrew M. Seaman NEW YORK (Reuters Health) - Despite a widespread belief that childhood eczema clears up by adolescence, a new study suggests the condition often lasts into adulthood. Researchers followed kids with eczema over time and found that at least 80 percent of those surveyed at every age had the condition, up to age 26. "This is a pretty persistent disease," Dr. David Margolis told Reuters Health. "Probably a lot of the adults that have dermatitis had it as children." Margolis is the study's senior author from the Perelman School of Medicine at the University of Pennsylvania in Philadelphia. Full Story | Top |
| Schumacher showing moments of consciousness: agent Friday, Apr 04, 2014 12:06 PM PDT  Seven-times Formula One motor racing world champion Michael Schumacher is making progress and showing signs of waking from an artificial coma after suffering serious head injuries in a skiing accident, his agent said on Friday. He shows moments of consciousness and awakening," Sabine Kehm said in a statement. Schumacher, 45, slammed his head on a rock while skiing off-piste in the French Alps resort of Meribel on December 29 last year. Doctors started lowering the retired German racing driver's sedation at the end of January to wake him up from an artificial coma. Full Story | Top |
| Motor racing-Schumacher showing moments of consciousness - agent Friday, Apr 04, 2014 12:01 PM PDT * Schumacher making progress, agent says * Formula One drivers welcome news from France (Adds quotes from F1 drivers in Bahrain) PARIS, April 4 (Reuters) - Seven-times Formula One motor racing world champion Michael Schumacher is making progress and showing signs of waking from an artificial coma after suffering serious head injuries in a skiing accident, his agent said on Friday. He shows moments of consciousness and awakening," Sabine Kehm said in a statement. Schumacher, 45, slammed his head on a rock while skiing off-piste in the French Alps resort of Meribel on Dec. 29 last year. Doctors started lowering the retired German racing driver's sedation at the end of January to wake him up from an artificial coma. Full Story | Top |
| U.S. reports three million Medicaid enrollments under Obamacare Friday, Apr 04, 2014 12:00 PM PDT  By David Morgan WASHINGTON (Reuters) - Three million lower-income Americans have enrolled in the Medicaid program for the poor so far during the rollout of U.S. President Barack Obama's healthcare reform law, the administration announced on Friday. That brings to more than 10 million the number of people who have signed up for both public and private health coverage since the October 1 launch of the Patient Protection and Affordable Care Act, known as Obamacare. "The increase in Medicaid enrollments across the country is encouraging," U.S. Health and Human Services Secretary Kathleen Sebelius said in a government blog posting. The latest data show for the first time actual enrollments in Medicaid and the Children's Health Insurance Program (CHIP) from October 1 through February 28 for 46 states that have reported statistics to the U.S. Department of Health and Human Services (HHS). Full Story | Top |
| Stress in pregnancy linked to children's asthma risk Friday, Apr 04, 2014 11:57 AM PDT By David Douglas NEW YORK (Reuters Health) - Stress during pregnancy brought on by events like divorce, job loss or death of a loved one appears to be linked to an increased risk of asthma and eczema among children. These findings, Dr. Petra Arck told Reuters Health in an email, could "allow clinicians to evaluate future asthma risk in unborn children using a simple life event assessment questionnaire." Arck, of University Medical Center Hamburg-Eppendorf in Germany, and her colleagues note that although there are strong genetic components to asthma and related conditions, these alone do not help explain the unprecedented increase in such diseases in recent years. But there hasn't been much evidence to connect stress in pregnancy to asthma and eczema. Full Story | Top |
| Apple, Intertrust settle year-old patent suit Friday, Apr 04, 2014 11:30 AM PDT  (Reuters) - Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings. Terms of the settlement were not disclosed. Silicon Valley-based Intertrust develops and licenses digital rights management (DRM) software, which is used to protect and manage content rights for companies that distribute music, movies and other digital content. Intertrust filed a lawsuit against Apple in March 2013 saying the iPhone maker infringed 15 patents relating to security. ... Full Story | Top |
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