Google sells Motorola Home cable and internet box business to Arris for $2.35 billion

Ever since Google announced it would acquire Motorola Mobility last year there have been questions about what it would do with the company's large internet and TV set-top box business, and now that question has been answered: it's selling Motorola Home to Arris for $2.35 billion in cash and stock. Another maker of cable boxes and modems, Arris says the acquisition will both increase its product offering, and increase its patent portfolio thanks to a license to "a wide array" of Motorola Mobility patents. The transaction has been approved by the boards of both companies, and they expect the deal to close in Q2 2013.

The potential of slipping Android / Google TV into the cable box business through the back door was a tantalizing, but unfortunately probably not a dream shared by the operators that are Motorola's customers. Naturally, Google will be hanging onto the mobile device business and related patent library that spurred the $12.5 billion acquisition in the first place, but will own about 15.7 percent of Arris. We'll be hopping on a conference call to find out any more details in a moment, check out the press release after the break. Now, who holds the rights to that Motorola home automation tablet?

Update: Listening to the call, Arris explains one of its reasons for the move is that until now, two (unnamed) customers comprised half of its business, but afterwards, five customers will make up half of its business. Also important is an included "low" cap that limits Arris' liability in the case of IP damages from lawsuits like the one currently ongoing with TiVo.

Continue reading Google sells Motorola Home cable and internet box business to Arris for $2.35 billion

Filed under: Home Entertainment, HD, Google

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Source: http://www.engadget.com/2012/12/19/google-sells-motorola-home-arris/

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Vanessa Preston liked Asst Natl Dir Melony B. DeFord's discussion U.S. Foreign Debt Up 78% Under Obama

???

President Barack Obama and Chinese Premier Wen Jiabao at East Asia Summit in Cambodia, Nov. 20, 2012. (AP Photo/Carolyn Kaster)

(CNSNews.com) - The amount of money the U.S. government has borrowed from foreign interests hit a record high at the end of October, according to data released today by the U.S. Treasury.

As of Oct. 31, the U.S. government owed $5,482,200,000,000 to foreign interests, according to the Treasury. That was up from $5,476,200,000 as of Sept. 30.

The foreign debt of the U.S. government equaled $47,482 for each of the 115,459,000 full-time workers (including full-time government workers) there were in the United States in October, according to data published by the Bureau of Labor Statistics. Similarly, it equaled $47,706 for each of the 114,916,000 households the Census Bureau estimated there were in the United States in September.

At the end of January 2009, when President Barack Obama was inaugurated, the U.S. government owed $3,071,700,000,000 to foreign interests. Since then the U.S. government?s debt to foreign interests has increased by $2,410,500,000,000?or 78 percent.

http://cnsnews.com/news/article/55t-us-foreign-debt-78-under-obama

Source: http://teapartyorg.ning.com/xn/detail/4301673%3ATopic%3A1178159?xg_source=activity

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Heart calcium scan predictive of diabetes-related death from cardiovascular disease

Dec. 20, 2012 ? People with Type 2 diabetes have two to four times the risk of cardiovascular disease compared to people without the disease. The best way for doctors to predict which diabetes patients are at the greatest risk for heart disease is to use a coronary artery calcium (CAC) test in addition to the most commonly used assessment tool, according to researchers at Wake Forest Baptist Medical Center.

Current medical guidelines recommend treating all diabetes patients as high risk, but the Wake Forest Baptist study found that CAC can identify diabetes patients who are at very high risk for developing potentially fatal cardiovascular disease, as well as those who are at low risk. "Our observations challenge accepted medical knowledge that all people with diabetes have the same risk. CAC is key in predicting the specific risk level," said Donald Bowden, Ph.D., professor of biochemistry at Wake Forest Baptist and senior author of the study, which is published online in the December issue of the journal Diabetes Care.

"People at very high risk are 11 times more likely to die from cardiovascular diseases as compared to those at low risk. Diagnosing a more precise risk level should help doctors provide more effective treatments and hopefully improve outcomes," he said.

The community-based Diabetes Heart Study was designed to determine if CAC provided additional information about cardiovascular disease and mortality beyond the Framingham Risk Score, the most commonly used assessment tool. A total of 1,123 people with Type 2 diabetes between 34 to 86 years old were followed for an average of 7.4 years. The study participants were recruited from clinics in western North Carolina and reflect a cross section of families with diabetes-affected members in the region.

CAC uses a CT scan to detect calcium build-up in the arteries of the heart. According to Bowden, the cost of the test is relatively low and the radiation exposure is about half of what someone would get in a year "by just walking around."

"Based on our study, we think that CAC should be added to the Framingham tool as the standard of care for all people with diabetes," Bowden said.

The Wake Forest Baptist team hopes to conduct additional research on how adding CAC as a diagnostic tool for diabetics could affect treatment and outcomes.

Co-authors of the study are Subhashish Agarwal, M.D., of Oakwood Hospital and Medical Center; Neal Jorgensen, M.S., of the University of Washington; Amanda Cox, Ph.D., David Herrington, M.D., Jianzhao Xu, B.S., Barry Freedman, M.D., and J. Jeffrey Carr, M.D., of Wake Forest Baptist.

This study was supported in part by the General Clinical Research Center of Wake Forest Baptist Medical Center; National Institutes of Health grant R01-AR48797, and National Heart, Lung and Blood Institute grants R01-HL67348 and R01-HL092301.

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The above story is reprinted from materials provided by Wake Forest Baptist Medical Center, via Newswise.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.

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Journal Reference:

1. S. Agarwal, A. J. Cox, D. M. Herrington, N. W. Jorgensen, J. Xu, B. I. Freedman, J. J. Carr, D. W. Bowden. Coronary Calcium Score Predicts Cardiovascular Mortality in Diabetes: Diabetes Heart Study. Diabetes Care, 2012; DOI: 10.2337/dc12-1548

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/health_medicine/heart_disease/~3/X3kAEeDfdOE/121220153503.htm

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Thieves Steal Two Semi-Truck Trailers Worth of Wii Consoles ...

Seen anyone wandering around with 7,000 Wii consoles?

If you have, pick up the phone and give the SeaTac, Washington police a call because those units are probably stolen.

Sgt. Cindy West told ABC News that thieves pulled up two 53-foot semi-truck trailers and a large box-truck van to a Nintendo distribution warehouse in Seattle Air Cargo?last Saturday evening?and, using forklifts on site, loaded up the vehicles with approximately $2 million worth of Wii consoles.

Then they left.

The following afternoon, warehouse employees noticed the empty pallets where thousands of Wii consoles were supposed to be.

Police don't know how many people were involved with the heist.

"If we don't get any tips ahead of time, it will be the selling of these consoles that will lead to their capture," said West. "It's gonna be pretty hard to hide 7,000 Wii game consoles."

AE: Wii consoles average about $150 right now so 7,000 of 'em would be a little over $1 million.? Methinks 'twas actually Wii U consoles 'twere stolen.

UPDATE: I was right!? A spokesman for the King County Sheriff's Office told Kotaku that the stolen consoles were indeed Wii Us.

Source: ABC News

-Reporting from San Diego, GamePolitics Contributing Editor Andrew Eisen

Source: http://www.gamepolitics.com/2012/12/18/thieves-steal-two-semi-truck-trailers-worth-wii-consoles

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Merck, GE to collaborate on Alzheimer's drug development

(Reuters) - Merck & Co and General Electric Co's healthcare unit have agreed to collaborate on an experimental drug for Alzheimer's disease, the companies said on Tuesday.

GE Healthcare will supply Flutemetamol, an investigational imaging agent, to Merck for use with its experimental Alzheimer's disease drug MK-8931.

The companies hope GE's imaging agent will help identify patients who might benefit from a therapy such as Merck's, which targets beta amyloid, a protein that can clump together and form plaques in the brain. Such plaques have been found in the brains of patients with Alzheimer's disease.

MK-8931 is Merck's lead Alzheimer's drug candidate and is designed to modify progression of the disease as well as improve symptoms. Alzheimer's robs patients of their memory and can cause other cognitive disturbances.

Based on promising results from an early-stage clinical trial of MK-8931, Merck plans to move forward with a larger trial, called EPOCH, at multiple sites around the world.

Flutemetamol is a positron emission tomography (PET) imaging agent that has been able, in clinical trials, to detect beta amyloid in the brain.

GE Healthcare will supply Flutemetamol to help select patients for clinical trials and evaluate the agent as a companion diagnostic tool. Financial and other terms of the agreement between the companies were not disclosed.

(Reporting By Toni Clarke; editing by John Wallace)

Source: http://news.yahoo.com/merck-ge-collaborate-alzheimers-drug-development-134611632--sector.html

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WOW: Countdown to an amazing "end of the world" coincidence, a Tornado of Fish!

Tuesday, December 18th 2012, 7:11 AM EST

Underwater photographer captures astonishing moment thousands of fish swirled into a deep sea tornado - by Nina Golgowski - Daily Mail

An underwater photographer has captured what can only be described as an undersea tornado of swirling fish seen mesmerizing divers off Mexico's coast.

Thousands of fish banded together to produce the churning mass of eyes, mouths and fins on the bottom of the Sea of Cortez?s Cabo Pulmo National Park in what photographer and scientist Octavio Aburto calls a natural though extremely rare phenomenon...click Daily Mail link for more [inc.VIDEO]

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U.S. home building permits approach four-and-half-year high

WASHINGTON (Reuters) - U.S. homebuilding permits touched their highest level in nearly 4-1/2 years in November, pointing to strength in the housing market, even though groundbreaking activity dropped.

The Commerce Department said on Wednesday building permits increased 3.6 percent to a seasonally adjusted annual rate of 899,000 units, the highest since July 2008. That was well above economists' expectations for an 875,000-unit pace.

In contrast, construction starts fell 3.0 percent to an 861,000-unit pace, but that followed three straight months of solid gains and a three-month moving average showed a firming trend.

"The trend is definitely up. Housing is going to make a small contribution to economic growth in 2012 and I would expect that home building will continue to improve through 2013," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.

U.S. financial markets were little moved by the data as attention remained fixed on budget talks in Washington. Stocks were little changed, while prices for U.S. Treasury debt were trading higher. The dollar was broadly weak.

The housing market, one of the few bright spots in the economy, has regained some footing after a historic collapse that ignited the worst recession since the Great Depression.

The recovery is broad-based, with sales, home building and prices all showing gains. A report on Tuesday showed builders' confidence in the market for new single-family homes reached its highest level this month since April 2006.

While last month's decline in groundbreaking prompted some economists to trim already meager growth forecasts for the fourth quarter, homebuilding is expected to add to economic growth this year for the first time since 2005.

In the 12 months through November, housing starts were up 21.6 percent, while permits had gained 26.8 percent.

"More and more, the recovery is widespread. It is nice to see it happen," said Barry Rutenberg, a home builder from Gainesville, Florida, and chairman of the National Association of Home Builders.

SHIFT IN PSYCHOLOGY

Mortgage rates remain near record lows, helped by a program launched by the Federal Reserve in September to purchase mortgage-backed securities.

A separate report from the Mortgage Bankers Association showed demand for home loans fell last week as mortgage rates ticked higher. Applications for loans to buy a home had risen in each of the prior five weeks.

Though residential construction only accounts for about 2.5 percent of gross domestic product, economists estimate that for every single-family home built at least three full-time jobs are created.

Last month, permits to build single-family homes dipped 0.2 percent to a 565,000-unit pace. Permits for multi-family homes increased 10.6 percent to a 334,000-unit rate, reflecting buoyant demand for rental apartments.

"Longer term, we may have seen a shift in psychology, which is putting an extreme pressure on builders to provide multi-family homes. Young families are no longer clamoring to buy," said Lindsey Piegza, economist at FTN Financial in New York.

The step down in residential construction last month reflected a 5.2 percent drop in the Northeast, which was slammed by Superstorm Sandy in late October. Starts also tumbled in the West, where they were down 19.2 percent.

Last month, groundbreaking for single-family homes, the largest segment of the market, fell 4.1 percent to a 565,000-unit pace. Starts for multi-family homes slipped 1.0 percent to a 296,00-unit rate.

Economists said the pace of home construction was not keeping up with the bounce in household formation from recession lows, creating potential for upward momentum.

"We haven't been putting up enough housing to keep up with the expanding population. Given that, I would expect to see further improvement in home building in 2013," said PNC Financial's Faucher.

(Additional reporting by Ellen Freilich and Richard Leong in New York; Editing by Andrea Ricci and Tim Ahmann)

Source: http://news.yahoo.com/home-building-permits-near-four-half-high-133556437--business.html

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