Wall St Week Ahead: Holiday "on standby" as clock ticks on cliff

NEW YORK (Reuters) - The last two weeks of December are traditionally quiet for stocks, but traders accustomed to a bit of time off are staying close to their mobile devices, thanks to the "fiscal cliff."

Last-minute negotiations in Washington on the so-called fiscal cliff - nearly $600 billion of tax increases and spending cuts set to take effect in January that could cause a sharp slowdown in growth or even a recession - are keeping some traders and analysts from taking Christmas holidays because any deal could have a big impact on markets.

"A lot of firms are saying to their trading desks, 'You can take days off for Christmas, but you are on standby to come in if anything happens.' This is certainly different from previous years, especially around this time of the year when things are supposed to be slowing down," said J.J. Kinahan, chief derivatives strategist at TD Ameritrade in Chicago.

"Next week is going to be a Capitol Hill-driven market."

With talks between President Barack Obama and House Speaker John Boehner at an apparent standstill, it was increasingly likely that Washington will not come up with a deal before January 1.

Gordon Charlop, managing director at Rosenblatt Securities in New York, will also be on standby for the holiday season.

"It's a 'Look guys, let's just rotate and be sensible" type of situation going on," Charlop said.

"We are hopeful there is some resolution down there, but it seems to me they continue to walk that political tightrope... rather than coming up with something."

Despite concerns that the deadline will pass without a deal, the S&P 500 has held its ground with a 12.4 percent gain for the year. For this week, though, the S&P 500 fell 0.3 percent.

BEWARE OF THE WITCH

This coming Friday will mark the last so-called "quadruple witching" day of the year, when contracts for stock options, single stock futures, stock index options and stock index futures all expire. This could make trading more volatile.

"We could see some heavy selling as there is going to be a lot of re-establishing of positions, reallocation of assets before the year-end," Kinahan said.

RETHINKING APPLE

Higher tax rates on capital gains and dividends are part of the automatic tax increases that will go into effect next year, if Congress and the White House don't come up with a solution to avert the fiscal cliff. That possibility could give investors an incentive to unload certain stocks in some tax-related selling by December 31.

Some market participants said tax-related selling may be behind the weaker trend in the stock price of market leader Apple . Apple's stock has lost a quarter of its value since it hit a lifetime high of $705.07 on September 21.

On Friday, the stock fell 3.8 percent to $509.79 after the iPhone 5 got a chilly reception at its debut in China and two analysts cut shipment forecasts. But the stock is still up nearly 26 percent for the year.

"If you owned Apple for a long time, you should be thinking about reallocation as there will be changes in taxes and other regulations next year, although we don't really know which rules to play by yet," Kinahan said.

But one indicator of the market's reduced concern about the fiscal cliff compared with a few weeks ago, is the defense sector, which will be hit hard if the spending cuts take effect. The PHLX Defense Sector Index <.dfx> is up nearly 13 percent for the year, and sits just a few points from its 2012 high.

(Reporting by Angela Moon; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)

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Money Woes Could Erode High Hamas Standing in Gaza

Tyler Hicks/The New York Times

Gaza residents returned to survey the damage to their homes last month after a cease-fire ended the eight-day clash between Israel and Hamas.

GAZA CITY — Hamas has been riding high of late, after its professed victory in the recent conflict with Israel and the overthrow last year of Egypt’s president, Hosni Mubarak, an avowed enemy.

Nevertheless, it is facing serious financial troubles stemming from the revolt in Syria and its expanding military ambitions, and its increasing demands on the impoverished population of Gaza are stirring resentments. In response, and with an anxious eye to the Arab Spring revolts, some Gaza residents say, it has eased up slightly in its religious restrictions on people’s lives.

The government of President Bashar al-Assad in Syria had been a stalwart ally and a conduit for Iranian money, weapons and military expertise. But the Assads are members of the Alawite sect, an offshoot of Shiism, and are fighting mostly Sunni rebels, forcing Hamas, which is Sunni, to choose sides. It decided to shut its political bureau in Damascus in March and send its political chairman, Khaled Meshal, shuttling between Qatar and Egypt.

The break with Syria has also meant a sharp cut in the financing Hamas received from Iran, which is also facing economic problems because of Western sanctions against its nuclear-enrichment program, sanctions that have cut the value of the Iranian rial in half in a year.

In response to this gathering financial crisis, Hamas has sought new support from Sunni governments like Qatar and the United Arab Emirates. But it has also raised taxes and fees considerably, prompting complaints from Gazans.

Mr. Meshal’s first, triumphal visit here last weekend displayed Hamas’s power and organization. In the five years since it drove its Palestinian rival, Fatah, out of Gaza in a brief civil war, after winning elections in 2006, Hamas has established a repressive ministate with a strong Islamist cast that it clearly has no intention of abandoning. Hamas now requires “entry visas” from visitors, for a fee, and searches luggage to ensure that no one imports any alcohol. Even more striking, Hamas has set up its own lavish civil administration in Gaza that issues papers, licenses, insurance and numerous other permissions — and always for a tax or a fee.

Gazans recognize that there is more order here, more construction and less garbage. But many resent the economic burden of financing Hamas and, implicitly, its military.

Ziad Ashour, 43, a butcher, said that “since the first intifada,” meaning the Palestinian uprising in 1987, “things have steadily declined in Gaza.” But in the last year, he said, they have gotten considerably worse economically.

Another merchant in the Beach Camp market said that Hamas, which tightly controls tunnel traffic on the Egyptian border, had raised taxes on basic items, including canned goods and building materials. There is a tax of about 70 cents on every pack of cigarettes, and around $2.50 on every gallon of gasoline or diesel, fixed even if the final price is roughly half that of Israeli gasoline. People pay to apply for identification cards, drivers’ licenses, building permits — “there are fees for everything,” the merchant said.

Larger businesses are especially targeted for high taxes. “Now businessmen know the difference between Fatah and Hamas,” another merchant said.

Adham Badawi, 22, bought an Egyptian-assembled, three-wheel Chinese motorcycle cart for his family textile shop for $1,500, “imported” through the tunnels. He had to pay $395 in tax, plus registration, insurance and a driver’s license. He says the contraption is better than a donkey because it eats only when in use and does not need to be looked after. But the fees are expensive, he said, and he is nervous about renewing his license, registration and insurance.

Hamas needs money not only for salaries, government and its charitable activities, but also for the Qassam Brigades, which some experts estimate at 20,000 men — most of whom were on show for Mr. Meshal’s visit, in uniforms with good boots and black balaclavas covering their faces, and armed with automatic rifles and other equipment, some of it smuggled from Libya.

The budget for the Qassam Brigades is not revealed, and its main task is to protect Hamas. But it has also been at the forefront of military relations with Iran and Syria, in rocket importation and development and even drone development with Iranian aid, Israeli officials say. The longer-range rocket and drone development was a particularly important target for Israel in the eight-day conflict last month, they say.

But the brigade has also been active in the building of secret underground fortifications, which require many men and large amounts of building supplies, like steel and cement. In a speech on Saturday, Prime Minister Ismail Haniya praised the brigade for its “underground work,” saying for the first time that 40 to 50 men had died laboring underground, which he said previously had been described simply as killed in “jihadi missions.” During the fighting with Israel, there were few Hamas fighters or leaders to be seen: they were all somewhere underground or in hiding in what Israel considers to be an intricate system of tunnels and bunkers modeled on those built with Iranian guidance by Hezbollah in southern Lebanon.

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Microsoft plots living room domination with 43 new entertainment apps for Xbox 360

Game consoles are no longer simply for video games, as evidenced by last week’s announcement that the PlayStation 3 is the top Netflix (NFLX) streaming device of the year. Yusuf Mehdi, Microsoft’s (MSFT) chief marketing officer for its Interactive Entertainment Division, said this past March that Xbox 360 owners were spending more hours watching online entertainment than playing online games. And now, in a bid to bolster its efforts to conquer the living room, Microsoft Director of Programming for Xbox Live Larry “Major Nelson” Hyrb announced in a blog post that 43 new entertainment apps (mostly video) will launch between now and spring of 2013 in various regions. Ten new apps including ARTE, CinemaNow, CNET, Karaoke, Maxim, Napster, SkyDrive, SPORT1, VEVO and Zattoo will arrive this week. Microsoft’s full list of upcoming apps follows below.

1. All3M (United Kingdom, United States)
2. Ameba TV (Canada, United States)
3. ARTE (Germany, France)
4. Azteca (Mexico)
5. Canalplay Infinity (France)
6. CBC’s Hockey Night (Canada)
7. CrunchyRoll (Majority of LIVE Regions)
8. Deezer (Majority of LIVE Regions)
9. Eredivisie Live (Netherlands)
10. Fightbox (Austria, Germany, Spain, France, Ireland, Italy, Sweden, United Kingdom)
11. Flixster (United States)
12. GameTrailers (Australia, Canada, Germany, Spain, France, Italy, Japan, Mexico, United Kingdom, United States)
13. Globosat Muu (Brazil)
14. Gulli Replay (France)
15. HBO Nordics (Denmark, Finland, Norway, Sweden)
16. IndieFlix (Australia, Canada, Ireland, New Zealand, United Kingdom, United States)
17. Livesport.tv (Austria, Belgium, Germany, Denmark, Spain, Finland, France, Ireland, Italy, Netherlands, Norway, New Zealand, Sweden, United Kingdom)
18. Machinima (Majority of LIVE Regions)
19. Maxim (United States)
20. MTV (United States)
21. MyTF1 (France)
22. MyTF1VOD (France)
23. Napster (Germany, United Kingdom)
24. Pathe Thuis (Netherlands)
25. PBS (United States)
26. PopcornFlix (United States)
27. Rai TV (Italy)
28. Sainsbury (United Kingdom)
29. Saraiva (Brazil)
30. SBS (Netherlands)
31. SF Anytime (Denmark, Finland, Norway, Sweden)
32. Slacker Radio (Canada, United States)
33. SPORT1 (Austria, Germany)
34. The CW Network (United States)
35. Televisa (Mexico)
36. TV3 (Spain)
37. Viaplay (Denmark, Finland, Norway, Sweden)
38. Vidéo à la Demande d’Orange (France)
39. Vimeo (United States)
40. VIVO Play (Brazil)
41. Watchever (Austria, Germany)
42. Zattoo (Germany)
43. Ziggo (Netherlands)

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The X Factor Reveals Season 2 Finalists

TV Watch

The X Factor

12/13/2012 at 09:10 PM EST

Carly Rose Sonenclar, Emblem3, Tate Stevens and Fifth Harmony

Ray Mickshaw/FOX (4)

Sparks will fly at the finale!

On Thursday, The X Factor revealed its top three acts, who will perform next week in the final night of competition – in hopes of taking home the $5 million recording contract.

Simon Cowell said it would take a miracle to get his girl group, Fifth Harmony, to the finale after they performed Shontelle's "Impossible" and Ellie Goulding's "Anything Could Happen" on Wednesday. Keep reading to find out if their dream came true ...

Apparently, miracles do happen! Fifth Harmony was the first act to be sent through to the finale.

They will compete against departing judge L.A. Reid's country singer, Tate Stevens, and Britney Spears's only remaining contestant, Carly Rose Sonenclar.

That means Simon's promising boy band, Emblem3, are out of the running for the big prize.

"This is the way it goes on competitions," Simon said. "I'm gutted really for them ... But it happens."

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Study: People worldwide living longer, but sicker

LONDON (AP) — Nearly everywhere around the world, people are living longer and fewer children are dying. But increasingly, people are grappling with the diseases and disabilities of modern life, according to the most expansive global look so far at life expectancy and the biggest health threats.

The last comprehensive study was in 1990 and the top health problem then was the death of children under 5 — more than 10 million each year. Since then, campaigns to vaccinate kids against diseases like polio and measles have reduced the number of children dying to about 7 million.

Malnutrition was once the main health threat for children. Now, everywhere except Africa, they are much more likely to overeat than to starve.

With more children surviving, chronic illnesses and disabilities that strike later in life are taking a bigger toll, the research said. High blood pressure has become the leading health risk worldwide, followed by smoking and alcohol.

"The biggest contributor to the global health burden isn't premature (deaths), but chronic diseases, injuries, mental health conditions and all the bone and joint diseases," said one of the study leaders, Christopher Murray, director of the Institute of Health Metrics and Evaluation at the University of Washington.

In developed countries, such conditions now account for more than half of the health problems, fueled by an aging population. While life expectancy is climbing nearly everywhere, so too are the number of years people will live with things like vision or hearing loss and mental health issues like depression.

The research appears in seven papers published online Thursday by the journal Lancet. More than 480 researchers in 50 countries gathered data up to 2010 from surveys, censuses and past studies. They used statistical modeling to fill in the gaps for countries with little information. The series was mainly paid for by the Bill & Melinda Gates Foundation.

As in 1990, Japan topped the life expectancy list in 2010, with 79 for men and 86 for women. In the U.S. that year, life expectancy for men was 76 and for women, 81.

The research found wide variations in what's killing people around the world. Some of the most striking findings highlighted by the researchers: — Homicide is the No. 3 killer of men in Latin America; it ranks 20th worldwide. In the U.S., it is the 21st cause of death in men, and in Western Europe, 57th.

— While suicide ranks globally as the 21st leading killer, it is as high as the ninth top cause of death in women across Asia's "suicide belt," from India to China. Suicide ranks 14th in North America and 15th in Western Europe.

— In people aged 15-49, diabetes is a bigger killer in Africa than in Western Europe (8.8 deaths versus 1 death per 100,000).

— Central and Southeast Asia have the highest rates of fatal stroke in young adults at about 15 cases per 100,000 deaths. In North America, the rate is about 3 per 100,000.

Globally, heart disease and stroke remain the top killers. Reflecting an older population, lung cancer moved to the 5th cause of death globally, while other cancers including those of the liver, stomach and colon are also in the top 20. AIDS jumped from the 35th cause of death in 1990 to the sixth leading cause two decades later.

While chronic diseases are killing more people nearly everywhere, the overall trend is the opposite in Africa, where illnesses like AIDS, malaria and tuberculosis are still major threats. And experts warn again shifting too much of the focus away from those ailments.

"It's the nature of infectious disease epidemics that if you turn away from them, they will crop right back up," said Jennifer Cohn, a medical coordinator at Doctors Without Borders.

Still, she acknowledged the need to address the surge of other health problems across Africa. Cohn said the agency was considering ways to treat things like heart disease and diabetes. "The way we treat HIV could be a good model for chronic care," she said.

Others said more concrete information is needed before making any big changes to public health policies.

"We have to take this data with some grains of salt," said Sandy Cairncross, an epidemiologist at the London School of Hygiene and Tropical Medicine.

He said the information in some of the Lancet research was too thin and didn't fully consider all the relevant health risk factors.

"We're getting a better picture, but it's still incomplete," he said.

___

Online:

www.lancet.com

http://healthmetricsandevaluation.org

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Asian shares mixed after China data, "fiscal cliff" weighs

TOKYO (Reuters) - Asian shares were mixed on Friday with a pick-up in China's manufacturing sector lending support but worries over the progress of U.S. budget talks to avert the "fiscal cliff" weighing on investor sentiment.

European shares were expected to start higher, with financial spreadbetters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> will open as much as 0.3 percent higher. A 0.3 percent gain in U.S. stock futures hinted at a firm Wall Street open. <.l><.eu><.n/>

A deteriorating business sentiment survey and expectations that the Bank of Japan will ease policy further to support the weak economy next week pushed the yen to a near 9-month low against the dollar and an 8-month low against the euro, helping Japanese equities wipe out earlier losses.

China shares outperformed Asian peers after the HSBC flash purchasing managers' index for December hit a 14-month high of 50.9, the fifth straight monthly gain, showing growth in China's vast manufacturing sector picked up and underlined a brighter outlook for the economy in coming months.

The private survey followed recent positive data suggesting Chinese economic activity has gained some momentum in the fourth quarter after it slowed for seven consecutive quarters.

A state-backed think tank has also forecast China's GDP growth next year at around 8 percent -- above the likely government target -- while calling for an expansion in the central government's fiscal deficit to offset an uncertain external environment.

The Shanghai Composite Index <.ssec> soared 4 percent while Hong Kong shares <.hsi> rose 0.8 percent to a 16-month peak.

"We're seeing positive PMI, industrial data and they are all pointing to the direction of an economic recovery," said Sijin Cheng, a commodities analyst at Barclays Capital. "The underlying demand is going to improve gradually."

MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was little changed, hovering near 16-month highs which it had hit successively since December 5. The index was set to end the week up 1.4 percent.

Australian shares <.axjo> ended flat, giving up earlier gains as investors remained wary of the stalled U.S. budget talks.

A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. "fiscal cliff" hit a wall.

President Barack Obama and House of Representatives Speaker John Boehner held a "frank" face-to-face meeting late on Thursday in an effort to break an impasse in talks to avert the "fiscal cliff" of some $600 billion of tax hikes and spending cuts scheduled to start in January.

"With the end of the year coming up, I can't see anybody taking any significant positions ahead of this political unknown (the fiscal cliff)," the trader added.

Failure to avert the "fiscal cliff" could derail the struggling U.S. economic recovery and also snuff out encouraging signs emerging from China, the world's second-largest economy after the United States.

"You're not going to get a solution that will be a 100 percent, but it may be a third or a quarter. It will be something a bit hard to reduce the deficit, but they'll get a good vote on it which will make it a good rosy story -- the U.S. is not interested in can-kickers any more," said Jonathan Barratt, chief executive of Barratt's Bulletin, a Sydney-based commodity research firm.

China PMI surveys: http://link.reuters.com/rej64t

Japan Tankan: http://link.reuters.com/qet44t

Japan economy, election: http://link.reuters.com/jyc64t

Asset returns in 2012: http://link.reuters.com/nyw85s

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YEN SELLING ACCELERATES

In the world's third-largest economy, big Japanese manufacturers' sentiment worsened in the three months to December, a Bank of Japan's quarterly tankan survey showed on Friday, hurting an economy already seen to be in a mild recession.

The data will help reinforce market expectations for the Japanese central bank to further ease monetary policy.

The yen fell as low as 83.95 against the dollar. The euro stood at 109.83 yen, its highest in more than eight months and looked set to end the week up over 3 percent on the yen.

Japan's Nikkei share average <.n225> turned up 0.1 percent, rebounding from earlier declines. <.t/>

Japan's conservative Liberal Democratic Party (LDP) is on track for a stunning victory in Sunday's election, gaining momentum to pressure the BOJ for more forceful easing.

"The market is growing confident the next government will be one of the most aggressive about easing that you could think of," said a trader at a Japanese bank.

Oil prices rebounded from Thursday's fall after Chinese manufacturing data raised hopes for firmer demand, with U.S. crude futures rising 0.8 percent to $86.54 a barrel and Brent adding 0.4 percent to $108.39.

Spot gold steadied near $1,696 an ounce after tumbling 1 percent the previous session to push prices below $1,700 for the first time this week. Gold was set for a third weekly decline as funds liquidate positions to lock in profit for the year.

Sluggish stocks weighed on Asian credit markets, keeping the spreads on the iTraxx Asia ex-Japan investment-grade index barely changed from Thursday.

(Additional reporting by Hideyuki Sano in Tokyo, Florence Tan and Melanie Burton in Singapore; Editing by Jacqueline Wong)

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Pro-Assad Alawites Blamed in Killings of Others in Sect

Scores of Syrian civilians belonging to President Bashar al-Assad’s minority Alawite sect were killed Tuesday in the first known Alawite massacre since the Syrian conflict began. But the killings, in the village of Aqrab, happened under circumstances that remain unclear.

Rights organizations researching the massacre said Wednesday that members of the shabiha, a pro-government Alawite militia, were the killers. The Syrian Observatory for Human Rights, an anti-Assad group based in Britain with a network of contacts inside Syria, said 125 to 150 civilians died.

The accusation, if confirmed, would be a shocking episode of Alawite-on-Alawite violence in a conflict punctuated by violence between sects.

Videotaped testimony said to be from survivors, primarily women and children, has flooded the Internet in the last 24 hours, providing a series of glimpses of an atrocity in a devastated town. The picture they paint is inconclusive, however, and restrictions on foreign reporting inside Syria made verification difficult.

Many of the videos were filmed by members of the Free Syrian Army, the main anti-Assad armed group, in what appears to be a clinic, where survivors were being treated for wounds or lie wrapped in blankets, faces blank with shock. In the videos, they say that members of the shabiha gathered civilians inside a building or compound as the Free Syrian Army approached the village.

Soon, though, survivors said the shabiha turned their weapons on the same civilians they had been professing to defend.

“The shabiha came and told us they wanted to protect us from the rebels, but then they wouldn’t let us go,” said a young man in one video who gave his name as Mohamed Ibrahim al-Judud, and who like others in the videos said he was able to identify the attackers by their first names. “They killed my father, my mother and my brother.”

In another video, a young man who gave his name as Mohamed Fathy Jowwal lay wrapped in a blanket, speaking to a member of the Free Syrian Army.

“They said it was better that we kill ourselves than wait for you to kill us,” he said, looking at the young rebel fighter crouching beside him. “They were from our own group.”

Throughout the videos, members of the Free Syrian Army professed a commitment to religious pluralism and said the survivors of Aqrab were under their protection. Nevertheless, there were moments when flashes of sectarian animosity shone through. In one video, a rebel fighter could be heard saying to an injured young man, “Get well soon, even if you are in the Alawite sect.”

“Man, so what if I was in the Alawite sect?” the injured young man protests, as medics busily gathered around his bare legs. A second rebel, standing nearby, interjected and stroked his face.

“Bashar does not represent the Alawite sect,” the second fighter reassured the victim. “The Syrian people are one.”

The Syrian Observatory for Human Rights said it believed the massacre victims had died from “gunfire and bombs.” Almost all were members of the Alawite sect.

The observatory also could not confirm the circumstances of their deaths, but said it had identified several similar narratives of the attack. One was that shabiha members had sought cover among civilians in a residential area, using them as shields. Another was that “pro-regime militiamen held Alawite civilians captive.” It also said that explosions had caused many of the deaths.

Syria’s conflict began as an Arab Spring protest movement after four decades of rule by the family of Mr. Assad, and has since transformed into a sectarian conflict. Even so, attacks by Alawite militias on their own civilian populations have so far been unheard-of.

Faiek al-Meer, a longtime antigovernment activist, wrote on Facebook that the Aqrab episode could be seen as a metaphor for the predicament facing the entire Alawite sect. Mr. Assad, he wrote, “will continue to fight to defend his seat and the interests of his clique even if has to use the Alawites as human shields to protect himself.”

Liam Stack reported from New York, and Hania Mourtada from Beirut, Lebanon.

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Fandango launches Oscar-themed web series with Dave Karger

LOS ANGELES (TheWrap.com) – Fandango is elbowing into the Oscar horse race.

The movie-ticket seller launched its first original digital video series Wednesday, “The Frontrunners,” which will cover the major contenders for the top awards. The show will feature conversations with a star-studded group of Oscar hunters that includes Richard Gere (“Arbitrage”), Amy Adams (“The Master”), Hugh Jackman (“Les Miserables”) and Ben Affleck (“Argo”).

During the broadcasts, actors and directors will deconstruct key scenes from their movies, explaining how they crafted a moment of domestic conflict, in the case of Gere, or decided to intercut between a Hollywood script reading and the Iranian Hostage Crisis, as with Affleck.

However, commerce will be mixed in along with the art. Fandango will offer ticketing information along with the digital videos, with the hopes that the clips will inspire users to check out the movie being discussed.

The show, shot at Soho House in Los Angeles, will be hosted by Fandango’s Chief Correspondent Dave Karger, the movie guru the company lured over from Entertainment Weekly in September. It’s part of a bold bet that Fandango is making on original content.

To that in end, the company tapped former Disney digital executive Paul Yanover to serve in the newly created role of president and tasked him with creating a suite of programming for Fandango and its 41 million unique visitors.

“Our goal with Fandango is to make it the definitive movie-going brand across all platforms,” Nick Lehman, the president of digital for NBC Universal Entertainment Networks & Interactive Media, told TheWrap in October. “We want to continue expanding in ways that entertain and inform and video is key to that strategy. Advertisers are clamoring for it because there is a dearth of high quality original video content on the web.”

As TheWrap reported exclusively in October, Karger is also planning programs that will center on box office contenders and one program that will boast both A-List actors and below-the-line talent.

New episodes of “The Frontrunners” will air weekly through the Academy Awards on February 24, 2013. The first three installments will be available Wednesday

Internet News Headlines – Yahoo! News

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Tevin Hunte Is 'So Happy' After His Voice Elimination

TV Watch

The Voice

By Jessica Herndon and Julia Haskins

12/12/2012 at 07:45 PM EST

Team Cee Lo's Trevin Hunte was eliminated on Tuesday's episode of The Voice, but the soulful singer isn't letting the end of this journey hold him back.

"I feel like the best person on the planet Earth. I am so happy and excited to be honest," Hunte told PEOPLE after the show. I feel like a weight has been lifted. Being away from family and friends and what you're used to was definitely a hard thing for me."

Hunte is looking forward to his mom's cooking and seeing his friends back home, and he won't waste a second wondering what if he'd made it further.

"I have no regrets. I am glad that I took a leap of faith and auditioned," he said. "I auditioned for American Idol and told my family I didn't have the strength to do it again. But I am definitely happy and excited that I made it this far."

And he still has a long way to go. "I'm only 18," he said. "I'm just really excited."

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Congress examines science behind HGH test for NFL

WASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.

Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.

The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major League Baseball, and the sides haven't been able to agree on a scientist to help resolve that impasse.

Among the witnesses before the House Oversight and Government Reform Committee on Wednesday is Pro Football Hall of Fame member Dick Butkus. In his prepared statement, Butkus writes: "Now, let's get on with it. The HGH testing process is proven to be reliable."

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