Asian shares consolidate, caution ahead of Chinese data

TOKYO (Reuters) - Asian shares eked out modest gains Thursday, consolidating amid better-than-expected U.S. earnings but demand was capped by caution ahead of Chinese data on Friday.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> added 0.1 percent, after falling in the past two sessions, pulled higher by a surge in Australian shares <.axjo>, which rose 1 percent to a 20-month high.

Australian employment surprisingly contracted by 5,500 in December, bolstering the odds for another interest rate cut. The prospect of further policy easing boosted local shares but sent the Australian dollar down to session lows of $1.0534 from $1.0560 before the data.

Analysts said the data came against a fairly positive global backdrop.

"There's a growing sentiment among investors that international risks have been significantly reduced, particularly after the U.S. made a start on its fiscal negotiations," said Ric Spooner, market strategist at CMC Markets in Sydney.

World stock markets ended flat on Wednesday with the banking sector rising as earnings from Goldman Sachs nearly tripled and JPMorgan Chase's fourth-quarter net income jumped 53 percent and earnings for 2012 set a record.

Investors will now turn to economic reports from China on Friday, including fourth-quarter GDP, December industrial output, retail sales and house price, which will offer clues on the health of Asia's biggest economy.

Data showing demand for new cars in recession-bound Europe fell to a 17-year low in 2012 reminded investors of the challenges facing the global economy, after the World Bank sharply cut its outlook for world growth this year to 2.4 percent from 3 percent, citing a slow recovery in developed nations.

YEN RESUMES WEAKNESS

The dollar and the euro regained ground against the yen, snapping two days of selling when investors took profits from these currencies' sharp and rapid rises against the Japanese currency since November.

Traders expect the yen to remain on a weakening trend amid expectations for bolder monetary easing measures from the Bank of Japan as part of the new government's push to drive Japan out of years of deflation and economic slump.

Japan's benchmark Nikkei average <.n225> inched up 0.2 percent, after tumbling 2.6 percent for its largest daily decline in eight months on Wednesday. The Nikkei hit a 32-month high on Tuesday as the yen's slump to multi-year lows against the dollar and the euro bolstered exporters on improving earnings outlook. <.t/>

The dollar was up 0.1 percent to 88.50 yen, off its peak since June 2010 of 89.67 touched on Monday, while the euro climbed 0.3 percent to 117.75 yen, after surging to its highest since May 2011 of 120.13 yen on Monday.

Anxiety about a possible protracted fight in Washington over raising the federal borrowing limit pushed the five-year cost to insure against a U.S. default up to 44 basis points on Wednesday, the highest since August 2011 during the first debt ceiling battle between U.S. President Barack Obama and Republican lawmakers.

The euro was up 0.1 percent to $1.3306 against the dollar, after reaching an 11-month high of $1.3404 on Monday.

COMMODITIES SEEN RISING

Reduced concerns over the euro zone debt problems, relatively more solid global economic fundamentals than last year and China's moderate recovery suggest there are buying opportunities for shares in cyclically dependant sectors and economies including Japan, Philip Poole, Head of Strategy at HSBC Global Asset Management, told a seminar in Tokyo this week.

"Recovery will feed through into 2013, but China won't go back to pre-crisis (of 2008) levels of growth of 10 percent," Poole said, adding that growth was likely to be 7-8 percent in 2013, a level investors now need to get used to.

"Cyclically sensitive sectors look relatively cheap in emerging countries and developed countries," while defensives were less attractive given their relative outperformance in 2012 under the more stressed financial environment, Poole said.

Another sector likely seen getting a boost from the reduced risk environment is commodities.

"Investment focus for 2013 is shifting to economically sensitive areas as global recovery takes place, boosting commodities prices," said Naohiro Niimura, a partner at research and consulting firm Market Risk Advisory.

The rally in platinum prices to 3-month highs this week, regaining its premium over gold for the first time since March 2012, is an indication of investors turning more proactive about taking risks, he said.

U.S. crude was down 0.2 percent at $94.05 a barrel while Brent was steady around $109.64.

(Additional reporting by Thuy Ong in Sydney; Editing by Shri Navaratnam)

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Dreamliner Jet Makes Emergency Landing in Japan Due to Battery

TOKYO (AP) — Boeing Co.'s 787 planes were grounded for safety checks Wednesday by two major Japanese airlines after one was forced to make an emergency landing in the latest blow for the new jet.

All Nippon Airways said a cockpit message showed battery problems and a burning smell were detected in the cockpit and the cabin, forcing the 787 on a domestic flight to land at Takamatsu airport in western Japan.

The 787, known as the Dreamliner, is Boeing's newest and most technologically advanced jet, and the company is counting heavily on its success. Since its launch, which came after delays of more than three years, the plane has been plagued by a series of problems including a battery fire and fuel leaks. Japan's ANA and Japan Airlines are major customers for the jet and among the first to fly it.

Japan's transport ministry said it got notices from ANA, which operates 17 of the jets, and Japan Airlines which has seven, that all their 787s would not be flying. The grounding was done voluntarily by the airlines.

The earliest manufactured jets of any new aircraft usually have problems and airlines run higher risks in flying them first, said Brendan Sobie, Singapore-based chief analyst at CAPA-Center for Aviation. Since about half the 787 fleet is in Japan, more problems are cropping up there.

"There are always teething problems with new aircraft and airlines often are reluctant to be the launch customer of any new airplanes," Sobie said. "We saw it with other airplane types, like the A380 but the issues with the A380 were different," he said.

Japan's transport ministry categorized Wednesday's problem as a "serious incident" that could have led to an accident, and sent officials for further checks to Takamatsu airport. The airport was closed.

ANA executives apologized, bowing deeply at a hastily called news conference in Tokyo.

"We are very sorry to have caused passengers and their family members so much concern," said ANA Senior Executive Vice President Osamu Shinobe.

One male in his 60s was taken to the hospital for minor hip injuries after going down the emergency slides at the airport, the fire department said. The other 128 passengers and eight crew members of the ANA domestic flight were uninjured, according to ANA.

The grounding in Japan was the first for the 787, whose problems had been brushed off by Boeing as teething pains for a new aircraft. The transport ministry had already started a separate inspection Monday on another 787 jet, operated by Japan Airlines, which had leaked fuel at Tokyo's Narita airport after flying back from Boston, where it had also leaked fuel.

A fire ignited Jan. 7 in the battery pack of an auxiliary power unit of a Japan Airlines 787 empty of passengers as the plane sat on the tarmac at Boston's Logan International Airport. It took firefighters 40 minutes to put out the blaze.

ANA cancelled a domestic flight to Tokyo on Jan. 9 after a computer wrongly indicated there was a problem with the Boeing 787's brakes. Two days later, the carrier reported two new cases of problems with the aircraft — a minor fuel leak and a cracked windscreen in a 787 cockpit.

The 787 relies more than any other modern airliner on electrical signals to help power nearly everything the plane does. It's also the first Boeing plane to use rechargeable lithium ion batteries, which charge faster and can be molded to space-saving shapes compared to other airplane batteries. The plane is made with lightweight composite materials instead of aluminum.

The U.S. Federal Aviation Administration said in a statement that it is "monitoring a preliminary report of an incident in Japan earlier today involving a Boeing 787."

It said the incident will be included in the comprehensive review the FAA began last week of the 787 critical systems, including design, manufacture and assembly. U.S. government officials have been quick to say that the plane is safe. Nearly 50 of them are in the skies now.

GS Yuasa Corp., the Japanese company that supplies all the lithium ion batteries for the 787, had no comment as the investigation was still ongoing.

In Tokyo, the transport minister, Akihiro Ota, said authorities were taking the incidents seriously.

"These problems must be fully investigated," he said.

Boeing has said that various technical problems are to be expected in the early days of any aircraft model.

"Boeing is aware of the diversion of a 787 operated by ANA to Takamatsu in western Japan. We will be working with our customer and the appropriate regulatory agencies," Boeing spokesman Marc Birtel said.

In Wednesday's incident, a cockpit instrument showed a problem with the 787's battery and the pilot noticed an unusual smell, the airline said. The flight requested and was granted permission to make an emergency landing at Takamatsu airport.

Aviation safety expert John Goglia, a former National Transportation Safety Board member, said the ANA pilot made the right choice.

"They were being very prudent in making the emergency landing even though there's been no information released so far that indicates any of these issues are related," he said.

___

AP Business Writer Kelvin Chan in Hong Kong contributed to this report.

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New photos of BlackBerry X10 with QWERTY keyboard leak

New images of Research In Motion’s (RIMM) first BlackBerry 10-powered smartphone equipped with a full QWERTY keyboard have leaked ahead of the handset’s unveiling later this month. BlackBerry blog BlackBerry Empire on Monday evening published a pair of photos showing the face of the upcoming N-series smartphone along with the home screen and the app launcher.

[More from BGR: HTC One SV review]

As revealed by earlier images of the phone, the device closely resembles RIM’s previous-generation BlackBerry Bold 9900 from the front, sporting a slim flat design with a touchscreen situated above the famous four-row BlackBerry keyboard.

[More from BGR: Extensive BlackBerry Z10 demo video posted by German website [video]]

RIM will unveil the new handset, thought to be launching as the “BlackBerry X10,” during a press conference on January 30th where BGR will be reporting live. RIM’s first full touch BlackBerry 10 phone, the “BlackBerry Z10,” will also be unveiled at the event.

This article was originally published on BGR.com

Gadgets News Headlines – Yahoo! News

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It's a Boy for Elton John

Mom & Babies
Celebrity Baby Blog

01/15/2013 at 10:00 PM ET

George Pimentel/WireImage

Elton John is a father again!

The musician and David Furnish welcomed their second child, son Elijah Joseph Daniel Furnish-John, via surrogate on Friday, Jan. 11 in Los Angeles, the couple confirm to HELLO.

Born at 6:40 p.m., Elijah weighed in at 8 lbs., 4 oz.

John and Furnish, who married in 2005, are already parents to son Zachary Jackson Levon, 2.

“Both of us have longed to have children, but the reality that we now have two sons is almost unbelievable. The birth of our second son completes our family in a most precious and perfect way,” the couple say in a statement.

“It is difficult to fully express how we are feeling at this time; we are just overwhelmed with happiness and excitement.”

John, 65, has been open about his desire to expand their family.

“I know when he goes to school there’s going to be an awful lot of pressure, and I know he’s going to have people saying, ‘You don’t have a mummy,’” says the singer-songwriter of his decision to have another baby.

“It’s going to happen. We talked about it before we had him. I want someone to be at his side and back him up. We shall see.”

– Sarah Michaud

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Risk to all ages: 100 kids die of flu each year

NEW YORK (AP) — How bad is this flu season, exactly? Look to the children.

Twenty flu-related deaths have been reported in kids so far this winter, one of the worst tolls this early in the year since the government started keeping track in 2004.

But while such a tally is tragic, that does not mean this year will turn out to be unusually bad. Roughly 100 children die in an average flu season, and it's not yet clear the nation will reach that total.

The deaths this year have included a 6-year-old girl in Maine, a 15-year Michigan student who loved robotics, and 6-foot-4 Texas high school senior Max Schwolert, who grew sick in Wisconsin while visiting his grandparents for the holidays.

"He was kind of a gentle giant" whose death has had a huge impact on his hometown of Flower Mound, said Phil Schwolert, the Texas boy's uncle.

Health officials only started tracking pediatric flu deaths nine years ago, after media reports called attention to children's deaths. That was in 2003-04 when the primary flu germ was the same dangerous flu bug as the one dominating this year. It also was an earlier than normal flu season.

The government ultimately received reports of 153 flu-related deaths in children, from 40 states, and most of them had occurred by the beginning of January. But the reporting was scattershot. So in October 2004, the government started requiring all states to report flu-related deaths in kids.

Other things changed, most notably a broad expansion of who should get flu shots. During the terrible 2003-04 season, flu shots were only advised for children ages 6 months to 2 years.

That didn't help 4-year-old Amanda Kanowitz, who one day in late February 2004 came home from preschool with a cough and died less than three days later. Amanda was found dead in her bed that terrible Monday morning, by her mother.

"The worst day of our lives," said her father, Richard Kanowitz, a Manhattan attorney who went on to found a vaccine-promoting group called Families Fighting Flu.

The Centers for Disease Control and Prevention gradually expanded its flu shot guidance, and by 2008 all kids 6 months and older were urged to get the vaccine. As a result, the vaccination rate for kids grew from under 10 percent back then to around 40 percent today.

Flu vaccine is also much more plentiful. Roughly 130 million doses have been distributed this season, compared to 83 million back then. Public education seems to be better, too, Kanowitz observed.

The last unusually bad flu season for children, was 2009-10 — the year of the new swine flu, which hit young people especially hard. As of early January 2010, 236 flu-related deaths of kids had been reported since the previous August.

It's been difficult to compare the current flu season to those of other winters because this one started about a month earlier than usual.

Look at it this way: The nation is currently about five weeks into flu season, as measured by the first time flu case reports cross above a certain threshold. Two years ago, the nation wasn't five weeks into its flu season until early February, and at that point there were 30 pediatric flu deaths — or 10 more than have been reported at about the same point this year. That suggests that when the dust settles, this season may not be as bad as the one only two years ago.

But for some families, it will be remembered as the worst ever.

In Maine, 6-year-old Avery Lane — a first-grader in Benton who had recently received student-of-the-week honors — died in December following a case of the flu, according to press reports. She was Maine's first pediatric flu death in about two years, a Maine health official said.

In Michigan, 15-year-old Joshua Polehna died two weeks ago after suffering flu-like symptoms. The Lake Fenton High School student was the state's fourth pediatric flu death this year, according to published reports.

And in Texas, the town of Flower Mound mourned Schwolert, a healthy, lanky 17-year-old who loved to golf and taught Sunday school at the church where his father was a youth pastor.

Late last month, he and his family drove 16 hours to spend the holidays with his grandparents in Amery, Wis., a small town near the Minnesota state line. Max felt fluish on Christmas Eve, seemed better the next morning but grew worse that night. The family decided to postpone the drive home and took him to a local hospital. He was transferred to a medical center in St. Paul, Minn., where he died on Dec. 29.

He'd been accepted to Oklahoma State University before the Christmas trip. And an acceptance letter from the University of Minnesota arrived in Texas while Max was sick in Minnesota, his uncle said.

Nearly 1,400 people attended a memorial service for Max two weeks ago in Texas.

"He exuded care and love for other people," Phil Schwolert said.

"The bottom line is take care of your kids, be close to your kids," he said.

On average, an estimated 24,000 Americans die each flu season, according to the Centers for Disease Control and Prevention. People who are elderly and with certain chronic health conditions are generally at greatest risk from flu and its complications.

The current vaccine is about 60 percent effective, and is considered the best protection available. Max Schwolert had not been vaccinated, nor had the majority of the other pediatric deaths.

Even if kids are vaccinated, parents should be watchful for unusually severe symptoms, said Lyn Finelli of the CDC.

"If they have influenza-like illness and are lethargic, or not eating, or look punky — or if a parent's intuition is the kid doesn't look right and they're alarmed — they need to call the doctor and take them to the doctor," she advised.

___

CDC advice on kids: http://www.cdc.gov/flu/protect/children.htm

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Asian shares fall on growth caution, Nikkei hit as yen gains

TOKYO (Reuters) - Asian shares fell on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen's extended gains spurred profit taking in Japanese equities after their recent rally.

Japan's benchmark Nikkei average <.n225> shed 2.6 percent for its largest daily decline in eight months, sharply reversing Tuesday's rally that lifted the index to a 32-month closing high, as the yen paused from its recent heavy selling and extended gains for two days in a row. <.t/>

The weak yen has been a catalyst for the Nikkei's 24 percent gain over the past two months.

"It's a correction. Some exporters' gains are legitimate, but others aren't, so I am selling exporters which have gained while their fundamentals are still poor such as Panasonic," said Makoto Kikuchi, Chief Executive of Myojo Asset Management in Tokyo.

Many other markets which had rallied opted to trim long positions ahead of a slew of reports due on Friday from China, the world's second-largest economy and top consumer of most commodities.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> wiped out earlier modest gains to fall 0.4 percent, dragged lower by a 1.5 percent drop in the index's worst performer, Shanghai shares <.ssec>. Hong Kong shares <.hsi> shed 0.6 percent.

Bucking the risk-off trend, Australian shares and Brent futures gained, encouraged by Tuesday's stronger-than-expected U.S. retail sales data in December.

European markets are seen rising modestly, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent. A 0.2 percent fall in U.S. stock futures hinted at a weak start on Wall Street. <.l><.eu><.n/>

Data showing China's foreign direct investment inflows falling by a smaller percentage in December than the month before helped trim losses in Chinese stocks, ahead of fourth-quarter GDP and December industrial output, retail sales and house price data expected on Friday.

The data from China will be keenly watched by investors for clues on the health of the Asia's biggest economy and global growth prospects.

Being Asia's sole outperformer, Australian shares <.axjo> advanced 0.5 percent, led by banks and defensives after Wall Street posted modest gains on the retail sales data.

"It would appear that a number of traders are waiting to see how Friday's Chinese GDP data pans out before buying with more conviction and this is particularly true of the mining sector," said Tim Waterer, senior trader at CMC Markets in Sydney.

Selling in the dollar and the euro against the yen in what traders say is a short-term corrective move was sparked by a Japanese official on Tuesday warning of damage from excessive yen weakness through rising import prices.

The yen had steadily fallen over the past two months on expectations the new government would embark on aggressive fiscal stimulus while pushing the Bank of Japan to take bold monetary easing steps.

Data on Wednesday showed Japan's core machinery orders rose 3.9 percent in November from October, exceeding a forecast 0.3 percent rise, but another report showed consumer confidence worsened in December.

The dollar fell 0.7 percent to 88.13 yen, after scaling its peak since June 2010 of 89.67 on Monday.

The euro slumped 0.9 percent to 117.09 yen, after surging to its highest since May 2011 of 120.13 yen on Monday.

REALLOCATION UNDERWAY?

The euro eased 0.2 percent against the dollar to $1.3281, after reaching an 11-month high of $1.3404 on Monday.

The euro was pressured by a weak economic report from Germany as well as comments from the chairman of the euro zone finance ministers, Jean-Claude Juncker, who on Tuesday said the euro was "dangerously high" without elaborating.

The single currency eased 0.1 percent against the Swiss franc at 1.2385, off Tuesday's 13-month high of 1.2413 francs. The Swiss franc has been hit by receding safe-haven bids as falling yields in deeply indebted countries such as Spain and Italy eased concerns about the euro zone's debt crisis.

Reversals in the strengthening trend for the Swiss franc and the yen may suggest asset reallocations are taking place.

"Old regimes are dying and FX is the first sign of this process. We are seeing this in JPY, are starting to see this in CHF," Sebastien Galy, strategist at Societe Generale, said in a note to clients.

Spot gold rose 0.2 percent to $1,681.55 an ounce, underpinned by wariness about U.S. default risks.

But platinum fell 0.7 percent to $1,666.75 an ounce after hitting a three-month high of $1,699.50 on Tuesday on supply fears. It traded at a premium to gold on Tuesday for the first time since March 2012.

The benchmark gold futures contract on the Tokyo Commodity Exchange hit a record high for a third consecutive session, rising to 4,828 yen a gram.

U.S. crude was up 0.2 percent to $93.44 a barrel while Brent was up 0.3 percent to $110.61.

A falling stock market weighed on Asian credit markets, pushing the spread on the iTraxx Asia ex-Japan investment-grade index wider by 2 basis points.

(Additional reporting by Ayai Tomisawa in Tokyo and Thuy Ong in Sydney; Editing by Shri Navaratnam)

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Myanmar Fighting Edges Toward China

BANGKOK — Fighting in Myanmar between an armed ethnic rebel group and the country’s military threatened to spill into Chinese territory on Monday, the insurgents said, with reports that shelling had killed three people in the border town of Laiza.

Myanmar’s military in recent weeks has been pushing toward Laiza, the headquarters of the Kachin Independence Army, a rebel group seeking a degree of autonomy from the central government.

Awng Jet, an officer with the Kachin Independence Army, said by telephone the shelling happened early Monday and killed three civilians, including a Christian missionary and a student. Other rebel sources circulated pictures of three bloodied bodies.

Ye Htut, a deputy information minister for the government, expressed skepticism about the attack on his Facebook page and said it needed to be “confirmed independently.”

Fighting between the Kachin rebels and government troops has sharply escalated since Myanmar recently admitted using aircraft to fight the rebels. Government troops have appeared to take at least one hilltop position previously held by the rebels, putting them one step closer to Laiza, which appeared to be the goal of their intensified campaign.

The breakdown of a longstanding cease-fire between the rebels and the military has been a major setback for the government of President Thein Sein, who is trying to guide Myanmar toward democracy after decades of military rule. The cease-fire, which had lasted 17 years, collapsed in June 2011, three months after Mr. Thein Sein came to power.

The army’s decision to pursue the Kachin rebels is risky in part because of the fighting’s proximity to China, which is acutely sensitive to any border problems. The decision also contradicts repeated statements by Mr. Thein Sein that the government is seeking peace with the rebels, as it has with other ethnic groups.

China sent an unspecified number of troops to the border last week to survey what the Chinese state news media called an “unstable area.” A photographer in the area on Monday said that about 200 members of the Chinese security forces had arrived at the border.

The fighting is taking place in the low-lying, jungle-clad mountains, the ancestral homeland of the Kachin and a terrain that they navigate comfortably. Myanmar’s army, although it fought battles in that part of the country in the decades after independence, does not know the area as well. Some analysts believe this is why the military has resorted to using aircraft. A helicopter used in the campaign crashed on Friday, killing the two pilots and an officer onboard. Kachin rebels said they had shot down the helicopter, but the government blamed engine failure.

The Chinese military and officials in Yunnan, the southern Chinese province that borders Myanmar, have been closely observing the deteriorating situation along the border, according to the Chinese state news media.

Global Times, a state-run newspaper, reported on Friday that Shang Haifeng, the deputy Communist Party chief of Nabang, a township by the border, said the Yunnan military command had established an office in Nabang.

Changjiang Daily, a newspaper in the Chinese city of Wuhan, reported on Friday that the conflict was intensifying and that projectiles had exploded on Wednesday and Thursday afternoons in Nabang, which sits across from Laiza. The report said that Chinese civilians had been evacuated to a nearby location.

China’s handling of the situation is made more complex because ethnic Kachin live on both sides of the border. In recent days, thousands of Kachin (who are called Jingpo in Mandarin) living in Nabang gathered at a border checkpoint to protest the attacks by Myanmar’s army, said Ryan Roco, a photographer who was working in the Laiza area. About 2,000 Kachin also gathered on the Myanmar side of the border to show solidarity with the Chinese protesters, he said.

Mr. Roco said Monday in an e-mail that about 200 Chinese security personnel had arrived at the border between Laiza and Nabang.

Reports from Kachin areas suggest that the fighting is hardening the attitudes of Kachin civilians against the central government, which is overwhelmingly made up of the majority ethnic Burmese. The anger and hatred expressed by many Kachin is deflating hopes for a reconciliation.

Moon Nay Li, a coordinator of the Kachin Women’s Association Thailand, an advocacy group, said she sensed “much less trust toward the government” since the army began pursuing the Kachin rebels. “How can we believe in the peace process and democracy in Burma?” she said.

The Kachin are also directing their anger toward Daw Aung San Suu Kyi, the former dissident who is now the opposition leader in Parliament.

Ms. Moon Nay Li was among the signers of an open letter sent last year by 23 Kachin expatriate organizations to Ms. Aung San Suu Kyi, who is ethnically Burmese and who has said little about the conflict.

In a follow-up to the letter sent last week, the Kachin groups lamented the “confusion and distrust that is being created by your failure to comment in depth on these matters.”

Edward Wong contributed reporting from Beijing, and Wai Moe from Yangon, Myanmar.

This article has been revised to reflect the following correction:

Correction: January 15, 2013

An earlier version of this story misspelled the name of Myanmar’s deputy information minister. It is Ye Htut, not Thut.

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Apple shares fall on reports of cuts to iPhone parts orders

(Reuters) – Shares in Apple Inc dipped below $ 500 for the first time in almost one year after reports it is slashing orders for screens and other components from its Asian supplier as intensifying competition erodes demand for its latest iPhone.

Japan‘s Nikkei reported on Monday that the world’s largest technology corporation began sharply reducing buying of liquid crystal displays about a month ago from suppliers like Japan Display Inc and Sharp Corp.

Sharp’s stock dipped as much as 7 percent in early trading on Tuesday and shares in South Korean Apple suppliers such as LG Display also fell.

“We can’t comment on individual clients,” said Miyuki Nakayama, a spokeswoman for Sharp, which builds iPhone 5 screens at its Kameyama plant in central Japan. Japan Display, a state-run business formed from the small LCD units of Sony Corp, Toshiba Corp and Hitachi Ltd also declined to discuss its orders.

The Nikkei report, later matched by the Wall Street Journal, comes as hard-charging rivals like Samsung Electronics, which makes phones based on Google Inc’s popular Android software, continue to expand market share globally.

Apple stock slid more than 4 percent to an intraday low of $ 498.51 — a level not seen since February 16, 2012 — before bouncing back to trade just above $ 500 at midday. The news also hurt shares of suppliers such as Cirrus Logic Inc, which dived 9 percent.

Some analysts argued that Apple and its manufacturing partners had struggled with quality issues that might have curtailed production times.

Dogged by low production yields, Sharp last year fell behind schedule for iPhone 5 screen shipments in the run-up to the phone’s launch in September. Sharp has yet to acknowledge that Apple is a customer.

“Our checks with supply chain contacts close to the situation identified a very different cause: a slower ramp in the manufacturing of iPhones and iPads (reflecting some quality control issues) and insufficient production lines,” said JoAnne Feeney of Longbow Research.

“Rather than ordering more components and having inventory build up further, Apple put component suppliers on notice to hold off, for the time being, on further shipments until it expanded its production lines – which it plans to complete by the end of the quarter.”

By some estimates, the holiday quarter may have been the worst for U.S. retailers since the 2008 financial crisis, with sales growth far below expectations. Other data yields a more mixed picture of holiday season demand.

Apple was not immediately available for comment. No one at Sharp was immediately available to comment on Monday – a national holiday in Japan – and parts suppliers to Apple in Taiwan declined to comment.

CUTBACKS

Apple has asked Japan Display, Sharp and LG Display Co Ltd to roughly halve supplies of LCD panels from an initial plan for about 65 million screens in January-March, the Nikkei cited people familiar with the situation as saying.

Japan Display’s plant in southwest Japan, where Apple has invested heavily, is expected to temporarily reduce output by up to 80 percent from October-December levels, the Nikkei reported, while Sharp’s dedicated facility for iPhone 5 LCDs will trim production in January-February by about 40 percent.

The move, if confirmed, would tally with analysts saying that sales of the new iPhone 5, which was released in September, have not been as strong as anticipated.

Apple has lost ground gradually to South Korean rival Samsung, as well as smaller, fast-growing rivals such as China’s Huawei Technologies Co Ltd and ZTE Corp.

Samsung overtook Apple in 2012 to become the world’s biggest seller of smartphones, helped in part by the popularity of its Galaxy Note II phone-cum-tablet and a vastly wider range of low- to high-end devices that appeal to a broad swath of consumers. Apple rolled out a single new smartphone last year.

Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the January-March quarter on December 14, saying that the technology company had started cutting orders to suppliers to balance excess inventory.

Apple also cut its orders for memory chips for its new iPhone from its main supplier and competitor Samsung, Reuters reported in September, quoting sources with direct knowledge of the matter.

The company has been cutting back its orders from Samsung as it seeks to diversify its memory chip supply lines.

Samsung said on Monday that global sales of its flagship Galaxy S smartphones had topped 100 million since the first model was launched in May 2010. The Galaxy S3, launched last May, sold more than 40 million in seven months.

The Galaxy S IV is expected within months and may sport an unbreakable screen, full high-definition quality resolution of 440 pixels per inch, and a more powerful processor.

It’s expected to increase its smartphone sales by more than a third this year and widen its lead over Apple, according to researcher Strategy Analytics. It forecast Samsung will sell 290 million smartphones in 2013 versus iPhone sales of 180 million.

Kim Sung-in, an analyst at Kiwoom Securities in Seoul, sees Samsung shipping 320 million smartphones this year and doubling sales of its tablets to 32 million.

(Reporting by Tokyo bureau, Avik Das and Sayantani Ghosh in Bangalore, Clare Jim in Taipei and Tim Kelly in Tokyo; Editing by Supriya Kurane, Andrew Hay and Alex Richardson)

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Bachelor Sean Lowe: My Girl Must Love Dogs

For any of the 25 women looking to win over this season's Bachelor, Sean Lowe, here's a tip straight from the source: "The girl I'm dating must be into my dogs," he tells PEOPLE.

The proud pet parent to two pooches, a boxer named Lola and a chocolate Labrador named Ellie, Lowe says, "For so long it's just been me and my two dogs, and I'm certainly not going to replace them with any woman."

Having had both animals for the past six years, the hunk has developed a special bond with the duo – though he admits his quest for love has forced him to make some changes.

"For many years, my dogs would sleep in the bed with me," he says. "I'm a big guy and I've got two good-sized dogs, so it's a full bed. Then I just realized one day, 'Alright, if I get married and a woman's going to join me in the bed, there's not going to be enough room.' I had to break the dogs of the habit of sleeping in the bed."

Luckily for Lowe, the pair have taken to their new accommodations easily.

"They're very intelligent dogs; they pick up on things really quickly," he says. "They learn pretty fast."

To hear more from Sean Lowe – including how his dogs help him navigate the dating world – check out the video above.

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Hospitals crack down on workers refusing flu shots

CHICAGO (AP) — Patients can refuse a flu shot. Should doctors and nurses have that right, too? That is the thorny question surfacing as U.S. hospitals increasingly crack down on employees who won't get flu shots, with some workers losing their jobs over their refusal.

"Where does it say that I am no longer a patient if I'm a nurse," wondered Carrie Calhoun, a longtime critical care nurse in suburban Chicago who was fired last month after she refused a flu shot.

Hospitals' get-tougher measures coincide with an earlier-than-usual flu season hitting harder than in recent mild seasons. Flu is widespread in most states, and at least 20 children have died.

Most doctors and nurses do get flu shots. But in the past two months, at least 15 nurses and other hospital staffers in four states have been fired for refusing, and several others have resigned, according to affected workers, hospital authorities and published reports.

In Rhode Island, one of three states with tough penalties behind a mandatory vaccine policy for health care workers, more than 1,000 workers recently signed a petition opposing the policy, according to a labor union that has filed suit to end the regulation.

Why would people whose job is to protect sick patients refuse a flu shot? The reasons vary: allergies to flu vaccine, which are rare; religious objections; and skepticism about whether vaccinating health workers will prevent flu in patients.

Dr. Carolyn Bridges, associate director for adult immunization at the federal Centers for Disease Control and Prevention, says the strongest evidence is from studies in nursing homes, linking flu vaccination among health care workers with fewer patient deaths from all causes.

"We would all like to see stronger data," she said. But other evidence shows flu vaccination "significantly decreases" flu cases, she said. "It should work the same in a health care worker versus somebody out in the community."

Cancer nurse Joyce Gingerich is among the skeptics and says her decision to avoid the shot is mostly "a personal thing." She's among seven employees at IU Health Goshen Hospital in northern Indiana who were recently fired for refusing flu shots. Gingerich said she gets other vaccinations but thinks it should be a choice. She opposes "the injustice of being forced to put something in my body."

Medical ethicist Art Caplan says health care workers' ethical obligation to protect patients trumps their individual rights.

"If you don't want to do it, you shouldn't work in that environment," said Caplan, medical ethics chief at New York University's Langone Medical Center. "Patients should demand that their health care provider gets flu shots — and they should ask them."

For some people, flu causes only mild symptoms. But it can also lead to pneumonia, and there are thousands of hospitalizations and deaths each year. The number of deaths has varied in recent decades from about 3,000 to 49,000.

A survey by CDC researchers found that in 2011, more than 400 U.S. hospitals required flu vaccinations for their employees and 29 hospitals fired unvaccinated employees.

At Calhoun's hospital, Alexian Brothers Medical Center in Elk Grove Village, Ill., unvaccinated workers granted exemptions must wear masks and tell patients, "I'm wearing the mask for your safety," Calhoun says. She says that's discriminatory and may make patients want to avoid "the dirty nurse" with the mask.

The hospital justified its vaccination policy in an email, citing the CDC's warning that this year's flu outbreak was "expected to be among the worst in a decade" and noted that Illinois has already been hit especially hard. The mandatory vaccine policy "is consistent with our health system's mission to provide the safest environment possible."

The government recommends flu shots for nearly everyone, starting at age 6 months. Vaccination rates among the general public are generally lower than among health care workers.

According to the most recent federal data, about 63 percent of U.S. health care workers had flu shots as of November. That's up from previous years, but the government wants 90 percent coverage of health care workers by 2020.

The highest rate, about 88 percent, was among pharmacists, followed by doctors at 84 percent, and nurses, 82 percent. Fewer than half of nursing assistants and aides are vaccinated, Bridges said.

Some hospitals have achieved 90 percent but many fall short. A government health advisory panel has urged those below 90 percent to consider a mandatory program.

Also, the accreditation body over hospitals requires them to offer flu vaccines to workers, and those failing to do that and improve vaccination rates could lose accreditation.

Starting this year, the government's Centers for Medicare & Medicaid Services is requiring hospitals to report employees' flu vaccination rates as a means to boost the rates, the CDC's Bridges said. Eventually the data will be posted on the agency's "Hospital Compare" website.

Several leading doctor groups support mandatory flu shots for workers. And the American Medical Association in November endorsed mandatory shots for those with direct patient contact in nursing homes; elderly patients are particularly vulnerable to flu-related complications. The American Nurses Association supports mandates if they're adopted at the state level and affect all hospitals, but also says exceptions should be allowed for medical or religious reasons.

Mandates for vaccinating health care workers against other diseases, including measles, mumps and hepatitis, are widely accepted. But some workers have less faith that flu shots work — partly because there are several types of flu virus that often differ each season and manufacturers must reformulate vaccines to try and match the circulating strains.

While not 100 percent effective, this year's vaccine is a good match, the CDC's Bridges said.

Several states have laws or regulations requiring flu vaccination for health care workers but only three — Arkansas, Maine and Rhode Island — spell out penalties for those who refuse, according to Alexandra Stewart, a George Washington University expert in immunization policy and co-author of a study appearing this month in the journal Vaccine.

Rhode Island's regulation, enacted in December, may be the toughest and is being challenged in court by a health workers union. The rule allows exemptions for religious or medical reasons, but requires unvaccinated workers in contact with patients to wear face masks during flu season. Employees who refuse the masks can be fined $100 and may face a complaint or reprimand for unprofessional conduct that could result in losing their professional license.

Some Rhode Island hospitals post signs announcing that workers wearing masks have not received flu shots. Opponents say the masks violate their health privacy.

"We really strongly support the goal of increasing vaccination rates among health care workers and among the population as a whole," but it should be voluntary, said SEIU Healthcare Employees Union spokesman Chas Walker.

Supporters of health care worker mandates note that to protect public health, courts have endorsed forced vaccination laws affecting the general population during disease outbreaks, and have upheld vaccination requirements for schoolchildren.

Cases involving flu vaccine mandates for health workers have had less success. A 2009 New York state regulation mandating health care worker vaccinations for swine flu and seasonal flu was challenged in court but was later rescinded because of a vaccine shortage. And labor unions have challenged individual hospital mandates enacted without collective bargaining; an appeals court upheld that argument in 2007 in a widely cited case involving Virginia Mason Hospital in Seattle.

Calhoun, the Illinois nurse, says she is unsure of her options.

"Most of the hospitals in my area are all implementing these policies," she said. "This conflict could end the career I have dedicated myself to."

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Online:

R.I. union lawsuit against mandatory vaccines: http://www.seiu1199ne.org/files/2013/01/FluLawsuitRI.pdf

CDC: http://www.cdc.gov

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AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com/LindseyTanner

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