Source: http://www.businessinsider.com/best-android-apps-30-2011-12
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By KFFL Staff
First Baseman
1B | Prince Fielder | free agent | Free Agents
The Baltimore Orioles are leery of pursuing free-agent 1B Prince Fielder (Brewers) because they don't want to be used as leverage for another team like the Washington Nationals. There is the sentiment that they will not pay him $20 million or more for eight years.
1B | Albert Pujols | Los Angeles Angels of Anaheim | Fantasy
Los Angeles Angels of Anaheim 1B Albert Pujols' 10-year, $250 million deal is backloaded, which allows the team to pay him significantly less in the first two years of the contract. He will make $12 million next year and $16 million in 2013, and then his salary will increase until it passes $30 million annually near the end of the deal. Pujols can make a total of $265 million if he reaches award and milestone bonuses.
1B | Josh Whitesell | Japanese League | Transaction
Washington Nationals 1B Josh Whitesell has signed with the Chiba Lotte Marines of the Japanese League.
Shortstop
SS | Asdrubal Cabrera | Cleveland Indians | Fantasy
Cleveland Indians SS Asdrubal Cabrera left his winter ball game in the fourth inning after being tagged out in a rundown Thursday, Dec. 29. It's unknown if he suffered an injury.
SS | Ryan Theriot | free agent | Free Agents, Fantasy
Free-agent 2B Ryan Theriot (Cardinals) is drawing attention from a number of teams including the Atlanta Braves, New York Mets and Tampa Bay Rays. The Cincinnati Reds and Colorado Rockies are also said to be interested.
Third Baseman
3B | Melvin Mora | Retired Players | Transaction, Free Agents, Fantasy
Free-agent IF Melvin Mora retired on Thursday, Dec. 29, after 13 seasons played with the Baltimore Orioles, New York Mets, Colorado Rockies and Arizona Diamondbacks, according to Rafael Rojas of Meridiano Deportes. Mora hangs up the sneakers after appearing in 42 games with the Diamondbacks in 2011, hitting .228 with six doubles and 16 RBIs before being released in June.
3B | Alex Rodriguez | New York Yankees | Injury, Fantasy
The German doctor that worked on New York Yankees 3B Alex Rodriguez (knee), Peter Wehling, claims to be the only one with a cure for arthritis. His treatment involves isolating growth factors and healing agents in his patient's blood that stop a destructive arthritic agent. "I am the only one to have found a way to cure arthritis," Wehling said. MLB's medical director said the Yankees did not receive permission from the league for Rodriguez to seek out this treatment, however. "I may be wrong, but I was under the impression that the FDA doesn't allow us to do this in our country," says Jim Bradley, the Pittsburgh Steelers team doctor and an orthopedist at the University of Pittsburgh Medical Center.
3B | Mark DeRosa | Washington Nationals | Injury, Fantasy
Washington Nationals skipper Davey Johnson is confident that 3B/OF Mark DeRosa (wrist) is over the wrist problems that plagued him for the past two years. "I know he is healthy," Johnson said. "I had him in the World Baseball Classic. What a great guy on the ballclub. With Chris Marrero down and maybe some question marks regarding Adam LaRoche, DeRosa just fits. (DeRosa) is not only a defensive asset, but an offensive asset. We have to have a little more offense off the bench. I reached out to him and it was a great sign by Rizzo."
Outfielder
OF | Lorenzo Cain | Kansas City Royals | Fantasy
Kansas City Royals manager Ned Yost said OF Lorenzo Cain will enter the year as the team's starting center fielder.
OF | Ryan Kalish | Boston Red Sox | Injury, Fantasy
Updating a previous report, Boston Red Sox OF Ryan Kalish (shoulder) had surgery to fix a torn labrum in his left shoulder Nov. 8. In comparison, 1B Adrian Gonzalez had the same surgery on his shoulder Oct. 20, 2010, and didn't return to action until March 12.
OF | Ryan Sweeney | Boston Red Sox | Transaction, Fantasy
Boston Red Sox OFs Ryan Kalish and OF Ryan Sweeney are options for the right field job now that the team traded OF Josh Reddick away. "Ryan Sweeney we expect to be a big part of our outfield mix," general manager Ben Cherington said. "He can play right field. He's a good defender. His versatility is kind of like Reddick, really, both of them can play both outfield spots and play them well." OF Darnell McDonald and SS Mike Aviles could also be options in the outfield.
Starting Pitcher
SP | Alexi Ogando | Texas Rangers | Fantasy
Although the Texas Rangers have a plethora of starting pitching, manager Ron Washington is not likely to use a six-man rotation. He also said he considered SP Alexi Ogando a starter, although he has not named a rotation to build around Ogando.
SP | Joe Saunders | free agent | Free Agents, Fantasy,
The Baltimore Orioles are interested in free-agent SP Joe Saunders (Diamondbacks) and have had talks with his agent, according to a source.
SP | Clay Buchholz | Boston Red Sox | Injury, Fantasy,
Boston Red Sox manager Bobby Valentine said the team is confident that SP Clay Buchholz (back) will be completely healthy for the start of the 2012 season. "We are sure from his lips and our doctors' examinations that he's 100 percent healthy," Valentine said. "But he has not been time tested off the mound. He hasn't gone through the rigors of spring training, nor of a major league season. He's going to be watched closely, not only at the beginning, but at the end of 2012."
SP | Adam Wainwright | St. Louis Cardinals | Injury, Fantasy,
St. Louis Cardinals SP Adam Wainwright (elbow) is a full month into his throwing program and is already snapping off curveballs during his side sessions. The Cardinals expect Wainwright to be at full strength for spring training. He made 50 throws from 110 feet Tuesday, Dec. 27. Wainwright has been pushing himself during his workouts.
The St. Louis right-hander had pitched more than 10 years with a slight tear in his elbow ligament, which finally snapped last year. Tommy John surgery on his elbow has given his arm a livelier feel and greater extension on his pitches that has resulted in a sharper sink on his fastball.
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Average score: Fewer than 3 votes.
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Created: December 29, 2011 Last Updated: December 29, 2011
Sonia Rodriguez and Piotr Stanczyk in?The Nutcracker. (Bruce Zinger)
TORONTO?For those living in Toronto, it?s hard to miss the dancing bear posters during the holiday season signalling the arrival of the National Ballet of Canada?s beloved rendition of James Kudelka?s classic staging of The Nutcracker.
The last few shows before the production closes on Jan. 3 mark the debut of guest conductor Nathan Brock, the assistant conductor of the Montreal Symphony Orchestra.
This is Brock?s first time conducting a ballet, but under the wing of music director David Briskin he found himself growing through the new artistic medium.
?[It?s] an experience outside of the box for me and one that I think I will really cherish,? he said.
A mostly symphonic conductor, Brock has found himself gaining a new perspective on the familiar score through working with the dancers and choreographers.
?It?s a very familiar score, but then to have to reappraise it and to rethink and to accept it in these different ways is really interesting,? says the young conductor, adding that the experience is both challenging and rewarding.
A holiday favourite, not only with classical concert goers but also in shopping malls, Tchaikovsky?s score for The Nutcracker is one that few fail to recognize. What makes this music so popular with young and old alike??There?s a spiritedness in the music. It?s uplifting in the vast majority of the numbers and if it?s not uplifting, it?s touching, it?s heart-warming, it?s all of those things,? says Brock, who like most conductors never tires of the works of the great masters.
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The public is invited to the inauguration of Arthur Vigeant as the next mayor of Marlborough on Monday, Jan. 2.
The 77th inaugural exercises for mayor, City Council and the School Committee start at 10 a.m. in the auditorium of the Whitcomb School, 25 Union St.
The event will feature the mayor?s inaugural address, musical selections and the oaths of office.
Vigeant, the outgoing City Council president, takes over for Nancy Stevens, who is at the end of her third two-year term.
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When GoDaddy publicly recanted their support of SOPA last week, many were quick to point out that such an act didn't really mean much. As far as the Judiciary Committee overseeing SOPA was concerned, GoDaddy was still a supporter. That's been changed, it seems. In the latest version of the US House Of Representatives' SOPA Supporters list (heads up: it's a PDF), GoDaddy's name is nowhere to be found.Source: http://feedproxy.google.com/~r/Techcrunch/~3/sYjNBqK5euw/
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TUESDAY, Dec. 27 (HealthDay News) -- Women who have breast cancer on the left side of the body and who are treated with radiation therapy have a higher risk of developing narrowing of the arteries that lead to the heart, researchers say.
A new Swedish study found that the risk of having moderately narrowed coronary arteries was more than four times greater for women who had left-sided breast cancers treated with radiation compared to right-sided breast cancers treated with radiation. The odds were seven times higher for more severe narrowing on the left side versus the right, according to the study published in the Dec. 27 online edition of the Journal of Clinical Oncology.
"We suggest that the coronary arteries be regarded as organs at risk in radiation therapy, and that every effort be made to avoid radiation dose to the coronary arteries," wrote study authors led by Dr. Greger Nilsson, of the department of oncology, radiology and clinical immunology at Uppsala University Hospital.
However, it's also important to note that of a group of 8,190 women who had breast cancer, just 199 had to be referred for coronary angiography (a treatment for blocked blood vessels).
"Women need to be aware that there is a risk, but the overall risk is still relatively small, and the benefits of radiation in the treatment of breast cancer still outweigh the risks," said Dr. Stephanie Bernik, chief of surgical oncology at Lenox Hill Hospital in New York City.
Cancer treatments, such as radiation and chemotherapy, are designed to destroy cancer cells. Unfortunately, healthy cells are often damaged, too. Treatment techniques are constantly being refined, and today's treatments target fewer healthy cells than treatments from years past.
For example, newer radiation techniques help protect the heart and the arteries leading to it, according to Dr. Timothy Zagar, an assistant professor in radiation oncology at the University of North Carolina at Chapel Hill. One such technique is to give bursts of radiation only when a patient is taking a deep breath. During a deep breath, the main artery going to the heart separates from the breast and chest wall, which keeps it away from the radiation.
Zagar, co-author of an accompanying editorial in the same issue of the journal, said researchers don't know exactly how radiation causes damage to coronary arteries, but it's believed to damage the cells lining the arteries (endothelial cells), which causes inflammation, which can lead to hardening of the arteries.
The current study included women from Sweden who were diagnosed with breast cancer between 1970 and 2003. Of the 8,190 women, the researchers found 199 women who had undergone coronary angiography, suggesting significant coronary artery disease.
Coronary artery narrowing (stenosis) is graded on a scale of zero to 5. Zero indicates a healthy blood vessel, while 5 indicates a blocked blood vessel.
When the researchers compared women who'd had radiation treatment on the left side of their body versus the right, they found that the odds of a grade 3 to grade 5 stenosis in a left-sided artery were 4.38 times higher. The odds of a grade 4 or grade 5 stenosis were 7.22 times higher for women who had left-sided breast cancer.
In women who received radiation in high-risk areas near the heart's arteries, the risk of a grade 3 to grade 5 stenosis was nearly twice as high as it was in women who had radiation in low-risk areas, or who didn't have radiation.
Zagar pointed out that this study was done over a long period of time and that changes in the way radiation is delivered would likely result in lower odds of coronary artery stenosis for women treated with radiation today.
In addition, Zagar said, "I don't think this study's findings would justify changing from a lumpectomy [breast-conserving surgery] to a mastectomy [surgical removal of the breast]. Breast-conserving therapy is very important to many women, and the number of coronary events are still low," he added.
"It's important to understand that with all treatments, there are risks," Bernik said. "And, we know that this is one of the risks with radiation of left-sided breast cancer. Women need to keep in mind that they're at increased risk of coronary events and need to follow up with their doctor going forward."
More information
Learn more about radiation treatment for cancer from the U.S. National Cancer Institute.
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Fuseau horaire GMT +1. Il est actuellement 20h56.
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If you've made a few tweets you regret over the years and don't really care if the others are saved for posterity, you can delete all the tweets in your Twitter account with the TwitWipe webapp. Of course you can just delete your Twitter account, but that will get rid of everyone you're following, your own followers, and unlink your account from any apps you might still want to use. TwitWipe just gets rid of the tweets and leaves everything else intact.
If you want to wipe your tweets, just sign into Twitter, visit the TwitWipe link below, and click on the "TwitWipe this Account" button. There will be a confirmation and a disclaimer click and then the webapp beings. Depending on the number of tweets you have to erase and the number of people simultaneously TwitWiping it may take a few hours for all your tweets to be annihilated.
Keep in mind there is no going back once you've wiped out your tweets. If you think you may want to save them beforehand go visit Backupify.
TwitWipe | via Mashable
Source: http://feeds.gawker.com/~r/lifehacker/full/~3/v3_p8C1Mn9g/delete-all-your-tweets-with-tweetwipe
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Source: http://wik.io/info/US/306376091
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Picks of the Pen: Look at Jorge Posada?s picture from MLB?s home page! ?With a face like that, you can... bit.ly/syVD69 #Baseball 
FSCalltothePen Call to the Pen
Source: http://twitter.com/FSCalltothePen/statuses/151321539692863488
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VATICAN CITY ? Pope Benedict XVI decried the increasing commercialization of Christmas as he celebrated Christmas Eve Mass on Saturday night, urging the faithful to look beyond the holiday's "superficial glitter" to discover its true meaning.
Benedict presided over the service in a packed St. Peter's Basilica, kicking off an intense two weeks of Christmas-related public appearances that will test the 84-year-old pontiff's stamina amid signs that fatigue is starting to slow him down.
The Christmas Eve Mass was moved up to 10 p.m. from midnight several years ago to spare the pope a late night that is followed by an important Christmas Day speech. In a new concession this year, Benedict processed down the basilica's central aisle on a moving platform to spare him the long walk.
Benedict appeared tired by the end of the Mass and a dry cough interrupted his homily.
In his homily, Benedict lamented that Christmas has become an increasingly commercial celebration that obscures the simplicity of the message of Christ's birth.
"Let us ask the Lord to help us see through the superficial glitter of this season, and to discover behind it the child in the stable in Bethlehem, so as to find true joy and true light," he said.
It was the second time in as many days that Benedict has pointed to the need to rediscover faith to confront the problems facing the world today. In his end-of-year meeting with Vatican officials on Thursday, Benedict said Europe's financial crisis was largely "based on the ethical crisis looming over the Old Continent."
Benedict officially kicked off Christmas a few hours before the evening Mass, lighting a candle in his studio window overlooking St. Peter's Square in a sign of peace, as crowds gathered to witness the unveiling of the Vatican's larger-than-life sized nativity scene.
Security was tight for the evening Mass, as it has been in recent years. There were no repeats of the 2008 and 2009 Christmas Eve security breaches, in which a woman with a history of psychiatric problems and wearing a telltale red sweat shirt jumped the wooden security barrier along the basilica's central aisle and lunged for the pope.
In 2008, the pope's security detail blocked her from getting to Benedict. But in 2009, she managed to grab Benedict's vestments and pulled him to the ground. The pope was unhurt and continued along with the service, but a French cardinal who was nearby fell and broke his hip.
On Sunday, Benedict will deliver his traditional "Urbi et Orbi" speech, Latin for "to the city and the world," from the central loggia of St. Peter's overlooking the piazza. Usually, the speech is a survey of sorts of the hardships and wars confronting humanity. He's also due to deliver Christmas greetings in dozens of languages.
Next weekend, he'll preside over a New Year's Eve vespers service, followed by a New Year's Day Mass. A few days later he'll celebrate Epiphany Mass followed by his traditional baptizing of babies in the Vatican's frescoed Sistine Chapel.
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Source: http://www.blogtalkradio.com/denzel-musumba/2011/12/24/east-africa-radio-usa
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Afghanistan-bound trucks carrying supplies for NATO forces parked as authorities close the border at Torkham border post in Pakistan, Nov 27, 2011.
(Credit: AP)ISLAMABAD - Pakistan is considering plans to slap millions of dollars in new charges on future supplies taken through the country's land route for U.S.-backed Western troops in Afghanistan, senior Pakistani government officials and a minister have told CBS News.
The payments are being considered in the name of costs such as for "inspection of cargo" and "maintenance of infrastructure" worn down by trucks.
Though the exact scale of funds planned to be earned remains unclear, senior Western diplomats warned that the move could further strain Pakistan's already troubled ties with the U.S.-led international security assistance force or ISAF in Afghanistan.
On Thursday, findings of a U.S. military investigation in to a helicopter raid on two of Pakistan's army posts near the Afghan border on November 26th, found a lack of trust between the U.S. and Pakistan.
U.S.: Mistrust and mistakes led to Pakistani deaths
The killing of 24 Pakistani soldiers in that attack prompted an unprecedented wave of protests from the country's civil and military officials. A senior Pakistani government official who spoke on background and discussed the new charges under consideration, said "we want to have a productive relationship with the U.S. and other friends in the Western camp. But unlike the past, every service that we perform will have to be paid for at a realistic price."
Western diplomats warned that Pakistan's demand for charging large sums of money on cargo for Afghanistan will not help improve its trust with its partners, including the U.S.
"The issue is not just financial. The problem is, we don't know how this plan (for higher charges) will play itself out diplomatically," one senior Western diplomat in Islamabad told CBS News on condition of anonymity. "I fear this plan will keep Pakistan locked in its currently strained relationship (with the U.S.-led western alliance) because the message from Pakistan will be a negative one."
Though Pakistan hasn't specified a timeline for resumption of the truck facility, the Pakistani government officials and a minister who spoke to CBS News on condition of anonymity, said they expect it to be resumed within weeks.
"Nobody wants to keep the facility shut forever. The bigger question now is, what will be the conditions attached for the future," said a senior government official who spoke on condition of anonymity.
The Pakistani government minister who also spoke on condition that he will not be named said "a decision has been reached in principal that when the supply route is re-opened, the trucks will have to bear a realistic cost which will go to the Pakistani government. In the past, each supply truck contributed less than $10 for passage through Pakistan. This is not realistic any more."
Meanwhile, Pakistan's foreign ministry officials defended a parliamentary review of the truck facility for Afghanistan. "Obviously, one thing is very clear that this exercise is not to wreck our relations with any particular country. This exercise is to streamline our cooperation on such a sensitive issue," said Abdul Basit, the spokesman of the foreign ministry in Islamabad.
In recent days, Pakistani officials have complained privately that Islamabad's hardening attitude towards the terms for future relations with its Afghanistan-based Western allies is driven in part by what it sees as punitive steps taken by the U.S.
"You have the United States tying future assistance to conditions like the secretary of state certifying that Islamabad is cooperating fully on counter-terrorism measures," said the Pakistani minister who spoke to CBS News. "We have lost about 40,000 people in our decade-old war on terror which we began when the U.S. attacked Afghanistan. The Americans still want us to prove that we are genuine in our efforts. What could be bigger nonsense than this?" asked the Pakistani minister.
Source: http://feeds.cbsnews.com/~r/CBSNewsWorldWatch/~3/CS4Vs4F5bWo/
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Over the weekend, Fitch -- the major rating company that, with its fellow majors, Moody's and Standard and Poor's, dominate the business of assessing the riskiness of debt instruments -- took a highly publi?cized step. It downgraded the credit-worthiness of the sovereign debts of many European countries. What a spectacle! These rating companies were dis?tinguished by their laughably inaccurate (to be ex?tremely polite) assessments of the risks associated with asset-backed securi?ties. Those assessments contributed to the economic crisis we are living through. Now the world is supposed to hang on -- rather than laugh at -- their credit reports.
Europe's debts -- and social tensions swirling around them -- are clearly problems. Governments collapsing in Greece, Italy, and Spain show that, among other signs of the obvious. The rating companies' downgrades of Eu?ropean debt are rather like downgrading the likelihood of good weather while the rest of us are already rushing to close the windows against pour?ing rain.
Still worse are the usual media reports and discussions of the Fitch action. They are once again full of eerie references to steps European governments must take "to satisfy the markets." This strange metaphorical abstraction -- "the markets" -- is portrayed as some sort of Frankenstein monster threaten?ing to eat Europe's children unless the parents support government austerity programs. Those austerity programs are, of course, already making those parents and their children suffer.
Let's take a momentary step back from what is an ideological -- or better said, propagandistic -- usage of the term. "The markets" is a conceptual de?vice that serves to hide and disguise those particular corporations that stand behind and work those markets to pursue their interests. The politicians' and mass media's language makes it seem as if self-interested pursuit by those corporations were the machine-like operations of some unalterable, fixed institution. We need to remember that markets, like all other institu?tions, are human inventions filled with a mix of positive and negative as?pects and open to change. After all, the mixed effects of markets have made them objects of deep suspicion and skepticism at least since Plato and Aristo?tle profoundly criticized markets as enemies of community thousands of years ago.
The chief creditors of European governments today are banks, insurance companies, large corporations, pension funds, some other (mostly non-Euro?pean) governments, and wealthy individuals. When politicians and media speak of the need for European governments to "satisfy the markets," what they mean is to satisfy those creditors. The chief influences among those creditors are the major banks that represent and/or advise all or most of the rest of them. The major European banks were and are the chief recipients of the costly bailouts by those European governments since 2008. Indeed, those bailouts sharply increased the indebtedness of European governments because the latter paid for those bailouts by borrowing.
The bailouts worked in Europe much as they did in the US. Banks had speculated badly in asset-backed securities and their associated derivatives leading up to late 2008. When borrowers (e.g., mortgagors in the US) in?creasingly defaulted on the loans comprising those asset-backed securities, the values of the latter collapsed. Banks stopped trusting one another to repay loans between them -- central to the global credit system -- because all banks knew that they all held huge amounts of asset-backed securities whose values had collapsed. Each major bank feared that others -- like it?self - might have to default on its debts.
Bank transactions with one another stopped and thereby produced a credit "freeze" or "crunch." In modern capitalist economies, businesses, govern?ments, and consumers have all become more credit-dependent than ever. Such a freeze or crunch therefore threatened wholesale economic non-func?tioning (collapse).
The solution was for governments to intervene massively to unfreeze the credit system. They did this on multiple fronts simultaneously, so serious was the crisis. First, governments lent freely to the major banks that could not borrow from each other. Second, governments guaranteed various sorts of loans and debts so banks that had feared to lend would resume lending. Thirdly, governments borrowed massively so private lenders -- especially banks -- would have a safe and profitable outlet for their loanable funds. In these ways, as agent of the people, European governments unfroze and re?booted a collapsed private credit system at enormous public expense. They thereby enabled the survival and continued profitability of the banks and their major clients.
Over the last year or so, those banks and their clients -- freed by government bailouts from worrying about loans to one another -- have begun to worry about their loans to European governments. They fear one thing: aroused and angry publics. People in the streets may not permit their governments to impose "austerity." The people may not accept government cuts in basic public employment and services to save money and to pay off creditors that were bailed out at public expense just a short while ago.
So the creditors are now pressing governments to ensure the safety of the na?tional debt (to themselves). The Fitch downgrade is part of that pressure. The references to "satisfying the markets" simply disguise the whole outra?geous process. The crisis drama deepens: creditors' pressure on govern?ments increases austerity policies that increase mass opposition that frightens creditors who increase their pressure on governments. . . .
The contradictions driving this vicious cycle agitate all of European society and the global economy interlinked with Europe. European governments fear the creditors and fear their rising domestic oppositions to austerity. They express irritation against Fitch and the other rating companies for mak?ing their dilemma worse. They have no solution, bend toward "satisfying the markets," and thus pursue austerity in fits, starts, and retreats. Like ani?mals frozen in the headlights of oncoming disaster, the players in this absurd European drama issue redundant credit reports (Fitch), hold endless and fruitless conferences and summits (Sarkozy, Merkel, et al.), and twitch with anxiety as general strikes proliferate and governments teeter and fall. Mean?while, phantoms like "the markets" haunt the media analyses and politicians' statements, serving mostly to fragment and obscure what is happening.
http://www.nationofchange.org/europe-s-debt-crisis-deepens-1324736124
Source: http://economics.arawakcity.org/node/980
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Ever hurt yourself during the holidays?
photos New photos of the Rena Over 280 of the 1368 shipping containers have been removed from the stricken cargo ship Rena since it ran aground on the? View
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"); $('#trafficcontent').append($div); }); // set cookie so this tab is remembered when we come back $.cookie('traffic',road.abbrev,{expires:365}); }); // if nothing is selected yet select the first tab, otherwise see if we can match the cookie if (road.abbrev == $.cookie('traffic')){ selected_li = $li; } $('#traffictabs').append($li); }); // end of closure / loop // if something was selected via cookie then click it if (selected_li) { selected_li.click(); // otherwise pick something random } else { var tabs = $('#traffictabs li') var index = Math.floor(Math.random() * (tabs.length)); $(tabs[index]).click(); $.cookie('traffic',null); } });Source: http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10775181&ref=rss
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NEW YORK/SAN FRANCISCO (Reuters) ? Yahoo Inc is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said on Wednesday, winning nods of approval from Wall Street and driving its shares higher.
The offer - the latest among proposals put forth in recent months to resuscitate the once high-flying Internet company - is expected to be considered by Yahoo's board on Thursday, sources said.
The board was uninterested in entertaining offers for the entire company at this point, said one of the sources, who spoke on condition of anonymity.
Yahoo's increasing difficulty in competing with Internet heavyweights such as Google Inc and Facebook have forced it to explore proposals to revamp its business.
The former Internet powerhouse, which fired its Chief Executive Carol Bartz in September, has a market value of around $18.5 billion.
The Asian split-off plan to be considered by the board follows previous proposals by private equity firms to buy a minority stake in Yahoo. Those proposals were fiercely opposed by some of Yahoo's largest shareholders, including activist hedge fund manager Dan Loeb, of Third Point LLC.
"It's clear that Dan Loeb at Third Point is exerting some influence," said Adam Seessel, director of research at Martin Capital Management, which added to its position in Yahoo a few weeks ago. He "is doing all Yahoo shareholders a favor by looking over the board and making sure they do the right thing."
Yahoo shares, which languished in the red along with much of the technology sector on Wednesday, reversed course and ended the session almost 6 percent higher at $15.99. It inched further upward in after-hours trading to $16.09.
At a $17 billion valuation, which includes the value of the Alibaba stake that Yahoo would retain under the latest proposal, a deal would mean the Asian assets are worth $14 per Yahoo share, one of the sources said.
The deal would essentially mean that Yahoo's core U.S.-based Internet business is valued at only $2 a share, according to Lawrence Haverty, a fund manager with GAMCO investors, which owns Yahoo shares.
Given that Yahoo has roughly $2 a share in cash on its balance sheet, Haverty said the deal left plenty of room for upside in the core business.
"This is the right thing to do. This is how you maximize shareholder value," he said, noting that he believed the tax-free structure of the plan seemed feasible.
TAX-FREE DEAL
Alibaba chief Jack Ma has said several times he would like to buy back Yahoo's stake in his company, one of Asia's largest Internet corporations. Investors have long said Yahoo's investment in Alibaba, along with its 35 percent slice of Yahoo Japan, are far and away the U.S. company's most prized assets.
In the deal under contemplation, Yahoo would effectively transfer most of its 40 percent slice of Alibaba back to the Chinese company and all of its stake in Yahoo Japan to Softbank Corp, sources said.
Alibaba and Yahoo Japan would each create separate legal entities where they would put cash and operating assets, and then trade those with Yahoo, making the deal tax-free, the sources said.
At the end of the contemplated transaction Yahoo would retain a 15 percent stake in Alibaba, the sources said.
The final deal size will depend on how the assets are valued, another source said.
"It's definitely a step in the right direction. It shows that the board is thinking about shareholders as opposed to their own interests," Martin Capital's Seessel said.
Yahoo declined to comment. The possible deals were first reported in The New York Times.
Last week, sources told Reuters a consortium consisting of private equity group Silver Lake, Microsoft Corp and venture capital firm Andreessen Horowitz were reworking a bid for a minority stake in Yahoo.
(Reporting by Paritosh Bansal and Peter Lauria in New York, Alexei Oreskovic in San Francisco; editing by Matthew Lewis, Andre Grenon and Richard Chang.)
Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111222/bs_nm/us_yahoo
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RIVERSIDE, Calif. ? The husband and sons of terminally ill "At Last" and "Tell Mama" blues singer Etta James have reached a deal on managing her $1 million estate and medical care.
The 73-year-old singer's doctor disclosed last week that James is terminally ill with chronic leukemia, dementia and kidney problems.
Her adult sons Donto and Sametto had challenged the decisions of their stepfather Artis Mills, who married the singer in 1969 and is the estate's conservator.
Donto James asked a Riverside County judge to appoint him temporary conservator. But The Riverside Press-Enterprise (http://bit.ly/tVMtaN ) says Monday's agreement keeps Mills in place as conservator.
At issue was the amount of money available to Mills for the expenses and care of the singer. He wanted $500,000, while the sons wanted it capped at $100,000.
The judge set it at $350,000.
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WATERVILLE, Maine ? As the FBI stepped up its efforts to find a 20-month-old girl who disappeared from her father's home over the weekend, investigators combed through trash bins, drained a stream and pored over more than 100 leads offered by the public.
Waterville Police Chief Joseph Massey refused to speculate Tuesday on whether Ayla Reynolds was alive, saying authorities are focused on finding her. The investigation remains a missing-person case, he said.
Meanwhile, in his first public statement, the girl's father, Justin DiPietro, said he doesn't know what happened to her.
"I have no idea what happened to Ayla, or who is responsible," he said. "I will not make accusations or insinuations towards anyone until the police have been able to prove who's responsible for this."
DiPietro released the statement through the Waterville Police Department, saying his family and friends will do "everything we can to assist in this investigation and get Ayla back home."
Massey said the FBI launched a door-to-door canvass of neighbors to glean any information that may lead them to the little girl.
"We've ruled out nothing," said Massey, whose central Maine agency has combined efforts with firefighters, state police, game wardens and the FBI.
Ayla was last seen when DiPietro, put her to bed Friday night. He called police to report her missing the following morning, saying he found her bed empty.
"I have shared every piece of information possible with the police," DiPietro said in his statement, which was first reported by the Morning Sentinel newspaper.
On Tuesday, a state police evidence vehicle remained outside the home that DiPietro shared with his mother in Waterville.
State police stationed outside the house told reporters that the DiPietros were not there. Their whereabouts were unknown to the public, and The Associated Press could not find phone numbers for them.
While the neighborhood was canvassed, police were checking out trash bins across the city. A stretch of Messalonskee Stream a few blocks from DiPietro home was drained nearly dry so wardens could get a better look, both from the ground and from an airplane overhead, officials said.
Massey said each of the 100 leads that have been given to police was being followed.
Ayla's mother said she's trying to remain optimistic that her daughter is OK. Trista Reynolds said she's trying to keep it together for an 8-month-old son who remains in her care but acknowledges the past few days have been tough.
"Sometimes I think that she's OK. Sometimes I start thinking that the worst can happen. That's how I've been feeling. I lay my head down at night and wonder where she is. Am I going to see her again? Do I get to see her beautiful smile?" Reynolds said of her daughter Ayla. "She's my little girl."
Police said both of Ayla's parents, who live separately, continued to cooperate with police.
"Ayla Reynolds is etched in all our minds and reminds every investigator why it's important to stay focused and committed to the task at hand: to bring Ayla back home," Massey said.
The Reynolds family was advised after meeting with Waterville police to return to their homes 75 miles to the south in Portland to let police conduct their investigation. Reynolds and her older sister, Jessica, were staying in a hotel Tuesday to keep away from the media frenzy.
"I'm watching my sister fall to pieces," Jessica Reynolds said. "I don't think she has any tears left to cry."
Trista Reynolds told The Associated Press that she and DiPietro never lived together as a couple. But Reynolds said a drinking problem prompted her to enter rehabilitation in Lewiston for 10 days in October; she said that although her mother and older sister cared for Ayla during that time, child welfare agents intervened to place the girl with DiPietro.
Last week, Reynolds filed court papers that she hoped would lead to the return of her daughter. The filing occurred the day before Ayla was last seen in Waterville.
DiPietro said Tuesday that although he has sole custody of his daughter, "It has always been my intention to have a shared parenting arrangement with Ayla's mother and I will continue to work towards that when Ayla is returned to us."
___
Associated Press writer David Sharp in Portland contributed to this report.
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