More homeowners rise above water as prices gain









One of the most pernicious effects of the housing bust was the huge number of borrowers stuck in homes worth far less than those properties could be sold for.


Negative equity has been a major drag on mobility and hence the American economy. Being stuck "underwater" means you can't sell your house or often even move out if you get a job someplace else.


Video: Experts discuss Southern California's housing market





Now that problem is easing, ever so slightly, with the recent rebound in home prices. About 100,000 borrowers popped into a positive equity position during the third quarter of 2012, mortgage tracker CoreLogic reported Thursday.


In California, an estimated 1.9 million mortgages were underwater, accounting for about 28.3% of residences with a home loan.


"Through the third quarter, the number of underwater borrowers declined significantly," CoreLogic chief economist Mark Fleming said in a news release. "The substantive gain in house prices made in 2012, partly due to tight inventory caused by negative equity's lock-out effect, has paradoxically alleviated some of the pain."


Nationally, as many as 1.8 million American borrowers could have equity in their home over the next year if prices continue to rise, the firm reported.


CoreLogic said that about 10.7 million homes -- or about 22% of all residential properties with a mortgage -- were in negative equity at the end of the third quarter. Negative-equity mortgages, and those that were in a near-negative-equity position, accounted for 26.8% of all homes with a mortgage.


Negative equity fell to $658 billion at the end of the third quarter, a decrease of $31 billion from the prior quarter. Nevada had the highest percentage of underwater homes at 56.9%. After the Silver State came Florida at 42.1% and then Arizona at 38.6%.


ALSO:


Supply of "shadow" homes declines again


Home sales jump to highest pace in three years


SoCal median home price gains 19.6% in December





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Algeria attackers reportedly led by one-eyed militant

Islamist militants attacked and occupied a natural gas complex partly operated by energy company BP in southern Algeria.









WASHINGTON -- The attackers who seized an Algerian gas field and took foreigners hostage early Wednesday were commanded by the notorious one-eyed Algerian militant Mokhtar Belmokhtar, the Mauritanian news agency ANI reported as the crisis continued.


Belmokhtar recently left Al Qaeda’s North African affiliate to form a splinter group that he said included foreign militants. French intelligence officials nicknamed him “The Uncatchable” in 2002.


Mauritanian news reports said earlier that an Islamist group had claimed responsibility for the attack and occupation of the Ain Amenas natural gas field in southeastern Algeria, saying they were targeting Algeria because it had cooperated with French operations against Islamists in Mali. 








The United States, Britain, Japan, Norway, and Ireland said they believed they had citizens among those held hostage; France was also among the countries whose nationals were seized, according to Algerian state media, which reported that more than 20 foreigners were being held.


U.S. officials have sought Belmokhtar for several years. He helped smuggle insurgents to fight U.S. forces in Iraq, an American official said, and he led the group responsible for the December 2008 kidnapping of Robert Fowler, a former Canadian diplomat and U.N. envoy who was held for 130 days.


Belmokhtar has smuggled contraband and committed kidnappings for ransom for most of his adult life, American officials said.


“Our contacts all characterize Belmokhtar as more of a smuggler than an ideological warrior,  more of an opportunist and bandit rather than a jihadi,” said an internal State Department cable in 2007 that later was released by the website WikiLeaks.


U.S. officials say Belmokhtar has been involved in Islamist militancy for nearly two decades. He joined the guerrillas that fought Soviet occupation forces in Afghanistan in the 1980s, and an insurgency against the Algerian government in the 1990s. He later was sentenced in absentia to life in prison in Algeria.


In a 2005 interview, Belmohktar claimed responsibility for establishing links between his Algerian organization and Al Qaeda.


Last month, Belmokhtar reportedly broke away from Al Qaeda to form his own militia and criminal group in Gao, in northern Mali, where militants have seized considerable territory. In a video statement released Dec. 6, he said his new group included foreigners. Witnesses in Mali have reported seeing Arab fighters.


The hostage-taking Wednesday could affect deliberations in Washington on  whether to provide additional support for the French military intervention against insurgents in Mali. The Obama administration has not yet decided whether to increase support, in part because it could spark terrorist attacks on Americans living and working in North Africa.


ALSO:

Building collapses in Egyptian city; 22 dead


Bombing in Syrian city kills at least 22 people


American-born Israeli convicted of murdering two Palestinians


Emily Alpert in Los Angeles contributed to this report.





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RIM says users line up to try new BlackBerry 10 platform






TORONTO (Reuters) – BlackBerry maker Research in Motion is helping customers prepare to switch to its soon-to-be-launched BlackBerry 10 smartphones that it hopes will help it reclaim market share from rivals such as Apple Inc.


RIM is betting that the new range of touch-screen and keyboard devices, set for a January 30 launch, will revive its fortunes.






The company was “very enthused by the engagement and response of our customer base” to a program aimed at persuading them to adopt the BlackBerry 10 devices, Bryan Lee, senior enterprise accounts director, told Reuters on Wednesday.


Indeed, whether it will be successful in clawing back market share will depend on the response from RIM’s top clients, like companies and government agencies, who have long valued the strong security features that BlackBerry devices offer.


Lee said more than 1,600 customers in North America had registered for its recently launched BlackBerry 10 Ready Program and more than a thousand were actively using the program, which offers customers access to services, information and tools to ease their transition to the BlackBerry 10 and the BlackBerry Enterprise Server 10.


RIM also said its BlackBerry Enterprise Server 10, which runs the new devices on corporate networks, was in beta testing with more than 130 major government agencies and corporations in North America.


SHARES RISE


Waterloo, Ontario-based RIM, a one-time pioneer in the now ultra-competitive smartphone industry, has bled market share to Apple’s iPhone and devices powered by Google’s market-leading Android operating system, even among enterprise clients who once used BlackBerry devices exclusively.


Early adoption of the long-awaited BlackBerry 10 devices by government and corporate clients will help breathe new life into the struggling company, whose shares are down 90 percent from an all-time high of more than $ 148 in 2008.


Still, shares of RIM, which fell as low as $ 6.22 in September, have more than doubled in value over the last four months as the BlackBerry 10 launch approaches.


Lee said clients that were beta testing the new BlackBerry Enterprise Server 10 included more than 60 Fortune 500 companies and top North American government agencies.


RIM promises that its new line of devices will be faster and smoother than existing BlackBerry phones and will boast a large catalog of apps, crucial to the success of any new line of smartphones.


Shares of RIM were up 3.8 percent at $ 15.03 in afternoon trading on the Nasdaq on Wednesday, after Visa approved the smartphone company’s method of handling secure mobile payments; the technology will potentially allow users to tap their smartphones on credit card readers and pay for purchases.


RIM’s Toronto-listed shares were up 3.9 percent at C$ 14.83.


(Editing by Janet Guttsman and Bernadette Baum)


Tech News Headlines – Yahoo! News





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Obama calls for research on media in gun violence


NEW YORK (AP) — Hollywood and the video game industry received scant attention Wednesday when President Barack Obama unveiled sweeping proposals for curbing gun violence in the wake of the Newtown, Conn., school shooting.


The White House pressed most forcefully for a reluctant Congress to pass universal background checks and bans on military-style assault weapons and high-capacity ammunition magazines like the ones used in the Sandy Hook Elementary massacre.


No connection was suggested between bloody entertainment fictions and real-life violence. Instead, the White House is calling on research on the effect of media and video games on gun violence.


Among the 23 executive measures signed Wednesday by Obama is a directive to the Centers for Disease Control and Prevention and scientific agencies to conduct research into the causes and prevention of gun violence. The order specifically cited "investigating the relationship between video games, media images and violence."


The measure meant that media would not be exempt from conversations about violence, but it also suggested the White House would not make Hollywood, television networks and video game makers a central part of the discussion. It's a relative footnote in the White House's broad, multi-point plan, and Obama did not mention violence in entertainment in his remarks Wednesday.


The White House plan did mention media, but suggested that any effort would be related to ratings systems or technology: "The entertainment and video game industries have a responsibility to give parents tools and choices about the movies and programs their children watch and the games their children play."


The administration is calling on Congress to provide $10 million for the CDC research.


The CDC has been barred by Congress to use funds to "advocate or promote gun control," but the White House order claims that "research on gun violence is not advocacy" and that providing information to Americans on the issue is "critical public health research."


Since 26 were killed by a gunman at Sandy Hook in December, some have called for changes in the entertainment industry, which regularly churns out first-person shooter video games, grisly primetime dramas and casually violent blockbusters.


The Motion Picture Association of America, the National Association of Broadcasters, National Cable & Telecommunications Association and the Independent Film & Television Alliance responded to Wednesday's proposal in a joint statement:


"We support the president's goal of reducing gun violence in this country. It is a complex problem, and as we have said, we stand ready to be a part of the conversation and welcome further academic examination and consideration on these issues as the president has proposed."


After the Newtown massacre, Wayne Pierre, vice-president of the National Rifle Association, attacked the entertainment industry, calling it "a callous, corrupt and corrupting shadow industry that sells and sows violence against its own people." He cited a number of video games and films, most of them many years old, like the movies "American Psycho" and "Natural Born Killers," and the video games "Mortal Kombat" and "Grand Theft Auto."


President Obama's adviser, David Axelrod, had tweeted that he's in favor of gun control, "but shouldn't we also question marketing murder as a game?"


Others have countered that the same video games and movies are played and watched around the world, but that the tragedies of gun violence are for other reasons endemic to the U.S.


The Entertainment Software Association, which represents video game publishers, referenced that argument Wednesday in a statement that embraced Obama's proposal.


"The same entertainment is enjoyed across all cultures and nations, but tragic levels of gun violence remain unique to our country," said the ESA. "Scientific research an international and domestic crime data point toward the same conclusion: Entertainment does not cause violent behavior in the real world."


Several R-rated films released after Newton have been swept into the debate. Arnold Schwarzenegger, the former California governor and action film star, recently told USA Today in discussing his new shoot-em-up film "The Last Stand": "It's entertainment. People know the difference."


Quentin Tarantino, whose new film "Django Unchained" is a cartoonish, bloody spaghetti western set in the slavery-era South, has often grown testy when questioned about movie violence and real-life violence. Speaking to NPR, Tarantino said it was disrespectful to the memory of the victims to talk about movies: "I don't think one has to do with the other."


In 2011, the Supreme Court rejected a California law banning the sale of violent video games to children. The decision claimed that video games, like other media, are protected by the First Amendment. In dissent, Justice Stephen G. Breyer claimed previous studies showed the link between violence and video games, concluding "the video games in question are particularly likely to harm children."


In the majority, Justice Antonin Scalia wrote that the government can't regulate depictions of violence, which he said were age-old, anyway: "Grimm's Fairy Tales, for example, are grim indeed."


___


AP Entertainment Writer Derrik J. Lang contributed to this report from Los Angeles


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Study Links Segregation and Lung Cancer Deaths in Blacks


African-Americans who live in highly segregated counties are considerably more likely to die from lung cancer than those in counties that are less segregated, a new study has found.


The study was the first to look at segregation as a factor in lung cancer mortality. Its authors said they could not fully explain why it worsens the odds of survival for African-Americans, but hypothesized that blacks in more segregated areas may be less likely to have health insurance or access to health care and specialty doctors. It is also possible that lower levels of education mean they are less likely to seek care early, when medical treatment could make a big difference. Racial bias in the health care system might also be a factor.


“If you want to learn about someone’s health, follow him home,” said Dr. Awori J. Hayanga, a heart and lung surgeon at the University of Pittsburgh Medical Center, who was the lead author of the study.


The study, published in JAMA Surgery on Wednesday, divided all counties in the country into three levels of segregation: high, medium and low. It found that lung cancer mortality rates, a ratio of deaths to a population, were about 20 percent higher for blacks who lived in the most segregated counties, than for blacks living in the least segregated counties.


Lung cancer is the top cause of preventable death in the United States. Blacks have the highest incidence of it and are also more likely to die from it. For every million black males, 860 will die from lung cancer, compared with 620 white males among every million white males. The rates were calculated over the period of the study, from 2003 to 2007.


The study drew on federal mortality data from that period, and segregation data from about a third of United States counties that had African-American populations large enough to measure. About 28 percent of the American population lives in counties with low segregation, 40 percent in counties with moderate segregation, and 32 percent in counties with high segregation.


The gap in outcomes persisted even after accounting for differences in smoking rates and socio-economic status, said Dr. Hayanga said.


For whites, high levels of segregation had the opposite effect, a finding that surprised the authors. Whites who lived in highly segregated counties had about 6 percent lower mortality rates from lung cancer than those who lived in the least segregated counties, though researchers pointed out that the difference was slight enough that it was not clear whether it was meaningful.


Dr. David Chang, director of outcomes research at the University of California San Diego Department of Surgery, who wrote an accompanying editorial, said he hoped that the study would focus attention on the environmental factors involved in the stark disparities in health outcomes in the United States because they lend themselves to change through policy. Medical researchers tend to focus on factors like the genetics and the behaviors of individuals that are harder to change.


“We don’t need drugs or genetic explanations to fix a lot of the health care problems we have,” he said.


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Boeing leads Dow lower; other indexes mixed









The Dow Jones industrial average closed lower, pulled down by a loss in Boeing stock following more problems with the company's new 787 aircraft.

The Dow lost 23 points to close at 13,511 Wednesday.

Japan's two biggest airlines grounded all their Boeing 787s for safety checks after one was forced to make an emergency landing.

The plane has been plagued by a series of problems this year, including a battery fire and fuel leaks.

The Standard & Poor's 500 index rose less than one point to 1,472, while the Nasdaq composite climbed six points to 3,117.

Goldman Sachs jumped 4 percent after its earnings nearly tripled. Other banks fell.

Falling stocks outnumbered rising ones on the New York Stock Exchange. Volume was relatively light at 3.1 billion shares.

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L.A. City Council drops $3-billion bond measure for this year









The Los Angeles City Council scrapped plans Tuesday for placing a $3-billion bond measure on the May 21 ballot, opting instead to consider it in a future election year.


Councilmen Mitchell Englander and Joe Buscaino, who had proposed the bond, said they would spend more time communicating with the public about the proposal before trying to send it to voters. "We're going to continue working on this, obviously," said Buscaino, whose district stretches from San Pedro to Watts.


The proposal, which would have increased property taxes for 20 years, had signatures from seven of the council's 15 members only two weeks ago. But in recent days, some on the council complained there hadn’t been enough outreach to the public.








Some neighborhood activists had warned that a protracted debate over the bond measure would doom passage of a proposed half-cent sales tax hike, which is on the March 5 ballot and being promoted as a way to eliminate potholes. The sales tax, known as Proposition A, is seen as a way of erasing a $220-million budget shortfall.


The search for street repair money is being driven, in part, by a fear that major sources of funding for road work are disappearing. Money from Proposition 1B, a state measure that provided $87 million for streets over a three-year period, runs out in June. Funding from President Obama’s stimulus package was depleted in summer.

A 2011 survey found that nearly one-third of the city’s streets are in D or F condition, the worst rating possible. With the current funding available, repairing those streets will take 60 years, city officials said.


The general fund, which pays for basic services, provides less than 1% of the money allocated by the city for street maintenance and repairs. Nevertheless, city officials have managed to increase the amount it spends on road work anyway, by tapping state and federal funding and special transportation taxes.





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Oxygen halts development of 'Babies' Mamas'


NEW YORK (AP) — Oxygen Media has pulled the plug on "All My Babies' Mamas," a reality special the network was developing about a musician who has fathered 11 children with 10 different mothers.


The network offered no reason for curtailing the project. In a statement issued Tuesday, Oxygen said that after reviewing the show's casting the decision was made "not to move forward."


The one-hour project would have featured Atlanta rap artist Shawty Lo, his children and their mothers.


"All My Babies' Mamas" was met with controversy after Oxygen announced it last month. At least one petition that called for Oxygen to shut it down has collected more than 37,000 signatures. The Parents Television Council called the concept "grotesquely irresponsible and exploitive.


In its statement, Oxygen promised to continue to develop "compelling content."


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Well: How to Go Vegan

When I first heard former President Bill Clinton talk about his vegan diet, I was inspired to make the switch myself. After all, if a man with a penchant for fast-food burgers and Southern cooking could go vegan, surely I could too.

At the grocery store, I stocked up on vegan foods, including almond milk (that was the presidential recommendation), and faux turkey and cheese to replicate my daughter’s favorite sandwich. But despite my good intentions, my cold-turkey attempt to give up, well, turkey (as well as other meats, dairy and eggs) didn’t go well. My daughter and I couldn’t stand the taste of almond milk, and the fake meat and cheese were unappealing.

Since then, I’ve spoken with numerous vegan chefs and diners who say it can be a challenge to change a lifetime of eating habits overnight. They offer the following advice for stocking your vegan pantry and finding replacements for key foods like cheese and other dairy products.

NONDAIRY MILK Taste all of them to find your favorite. Coconut and almond milks (particularly canned coconut milk) are thicker and good to use in cooking, while rice milk is thinner and is good for people who are allergic to nuts or soy. My daughter and I both prefer the taste of soy milk and use it in regular or vanilla flavor for fruit smoothies and breakfast cereal.

NONDAIRY CHEESE Cheese substitutes are available under the brand names Daiya, Tofutti and Follow Your Heart, among others, but many vegans say there’s no fake cheese that satisfies as well as the real thing. Rather than use a packaged product, vegan chefs prefer to make homemade substitutes using cashews, tofu, miso or nutritional yeast. At Candle 79, a popular New York vegan restaurant, the filling for saffron ravioli with wild mushrooms and cashew cheese is made with cashews soaked overnight and then blended with lemon juice, olive oil, water and salt.

THINK CREAMY, NOT CHEESY Creaminess and richness can often be achieved without a cheese substitute. For instance, Chloe Coscarelli, a vegan chef and the author of “Chloe’s Kitchen,” has created a pizza with caramelized onion and butternut squash that will make you forget it doesn’t have cheese; the secret is white-bean and garlic purée. She also offers a creamy, but dairy-free, avocado pesto pasta. My daughter and I have discovered we actually prefer the rich flavor of butternut squash ravioli, which can be found frozen and fresh in supermarkets, to cheese-filled ravioli.

NUTRITIONAL YEAST The name is unappetizing, but many vegan chefs swear by it: it’s a natural food with a roasted, nutty, cheeselike flavor. Ms. Coscarelli uses nutritional yeast flakes in her “best ever” baked macaroni and cheese (found in her cookbook). “I’ve served this to die-hard cheese lovers,” she told me, “and everyone agrees it is comparable, if not better.”

Susan Voisin’s Web site, Fat Free Vegan Kitchen, offers a nice primer on nutritional yeast, noting that it’s a fungus (think mushrooms!) that is grown on molasses and then harvested and dried with heat. (Baking yeast is an entirely different product.) Nutritional yeasts can be an acquired taste, she said, so start with small amounts, sprinkling on popcorn, stirring into mashed potatoes, grinding with almonds for a Parmesan substitute or combining with tofu to make an eggless omelet. It can be found in Whole Foods, in the bulk aisle of natural-foods markets or online.

BUTTER This is an easy fix. Vegan margarines like Earth Balance are made from a blend of oils and are free of trans fats. Varieties include soy-free, whipped and olive oil.

EGGS Ms. Coscarelli, who won the Food Network’s Cupcake Wars with vegan cupcakes, says vinegar and baking soda can help baked goods bind together and rise, creating a moist and fluffy cake without eggs. Cornstarch can substitute for eggs to thicken puddings and sauces. Vegan pancakes are made with a tablespoon of baking powder instead of eggs. Frittatas and omelets can be replicated with tofu.

Finally, don’t try to replicate your favorite meaty foods right away. If you love a juicy hamburger, meatloaf or ham sandwich, you are not going to find a meat-free version that tastes the same. Ms. Voisin advises new vegans to start slow and eat a few vegan meals a week. Stock your pantry with lots of grains, lentils and beans and pile your plate with vegetables. To veganize a recipe, start with a dish that is mostly vegan already — like spaghetti — and use vegetables or a meat substitute for the sauce.

“Trying to recapture something and find an exact substitute is really hard,” she said. “A lot of people will try a vegetarian meatloaf right after they become vegetarian, and they hate it. But after you get away from eating meat for a while, you’ll find you start to develop other tastes, and the flavor of a lentil loaf with seasonings will taste great to you. It won’t taste like meat loaf, but you’ll appreciate it for itself.”

Ms. Voisin notes that she became a vegetarian and then vegan while living in a small town in South Carolina; she now lives in Jackson, Miss.

“If I can be a vegan in these not-quite-vegan-centric places, you can do it anywhere,” she said. “I think people who try to do it all at once overnight are more apt to fail. It’s a learning process.”


What are your tips for vegan cooking and eating? Share your suggestions on ingredients, recipes and strategies by posting a comment below or tweeting with the hashtag #vegantips.

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Stocks edge lower; Apple extends decline









Stocks edged lower on Wall Street Tuesday as tensions flared in Washington over increasing the country's borrowing limit.

Treasury Secretary Timothy Geithner told congressional leaders in a letter late Monday that the U.S. government will reach its borrowing limit as soon as mid-February, earlier than expected. Federal Reserve Chairman Ben Bernanke also commented on the issue Monday, saying it was one of the “critical fiscal watersheds” for the government in coming weeks.

The Dow Jones industrial average fell 11 points to 13,495 as of 1:52 p.m. EST, having been down as much as 61 points in early trading. The Standard and Poor's 500 dropped two points to 1,468, the Nasdaq composite index fell 13 points to 3,105.

President Barack Obama has criticized congressional Republicans for linking talks over raising the debt ceiling to ongoing budget negotiations. Obama said the consequences of the U.S. government defaulting on its debt would be disastrous and shouldn't be used as a bargaining chip to extract concessions on spending cuts.

“We are very concerned how the market is going to respond to all the news events that will be coming out of Washington over the next few months,” said Eric Wiegand, a senior portfolio manager at U.S. Bank Wealth Management. “It really comes down to the uncertainty and the risk of a further downgrade of our debt.”

Markets were roiled in the summer of 2011 as lawmakers haggled over an increase to the debt limit. The dispute cost the U.S. its AAA ranking from the credit-rating firm Standard and Poor's.

The U.S. fiscal crisis is still the biggest single individual risk facing investors, with 37 percent of investors naming it as the biggest worry, according to a survey of fund managers published by Bank of America Merrill Lynch Tuesday. The European debt crisis was cited as the biggest concern by 23 percent of those polled and a “hard landing” for the Chinese economy was third on the list with 12 percent.

Apple fell $14 to $487.50, its third daily drop. The stock hasn't closed below $500 in almost a year. Apple slumped 3.6 percent Monday on concern that demand for its iPhone 5 is slowing. Nomura analysts today lowered their target price for the stock to $530 from $660 and cut their estimates for iPhone sales this year.

Stocks dropped Tuesday despite a report that retail sales increased in December. Consumers bought more autos, furniture and clothing, despite worries about potential tax increases. Sales rose 0.5 percent in December from November, slightly better than November's 0.4 percent increase and the best showing since September, the Commerce Department said Tuesday.

Investors may be more concerned about January's retail figures now that the increase in the Social Security payroll tax has come into effect, said Doug Cote, chief market strategist at ING Investment Management.

The tax jumped back to 6.2 percent earlier this month after President Barack Obama failed to win renewal of the temporary 2 percentage point payroll tax cut that's been in place for two years, as part of a deal that stopped the U.S. going over the “fiscal cliff.”

“The market is kind of looking past it because of the change in the tax regime,” said ING's Cote. “Are consumers going to be able to spend like they did in December and in earlier years? … I think not.”

The outlook for manufacturing in New York state worsened in January, according to survey by the Federal Reserve Bank of New York. The bank's Empire State Manufacturing Survey produced a reading of minus 7.8 for the month, indicating contraction.

Both the S&P 500 and the Dow are up on the year, having surged in the first week of January after lawmakers reached a last-minute budget deal to stop the economy going over the “cliff.” The agreement prevented a series of tax increases and spending cuts that would probably have pushed the U.S. economy back into recession, according to economists.

Optimism about the outlook for global growth has also boosted stocks.

The S&P 500 is up 2.9 percent this year and closed at a five -year high of 1,472 last week. The 30-member Dow is up 3 percent since the start of 2013.

The yield on the 10-year Treasury price, which moves inversely to its price, fell 1 basis point to 1.83 percent.

Among other stocks making big moves;

— United Continental Holdings, the airline operator, fell 10 cents to $25.89 after JPMorgan cut its rating on the company to “neutral” from “overweight” to reflect the fact that the stock has already risen 40 percent in the past 12 months.

— Lululemon Athletica, a maker of yoga apparel, dropped $3.15 to $69.17 after its revenue forecast fell short of analysts' estimates.

— Given Imaging Ltd. fell $2.16 to $16 after the medical equipment company said it was no longer considering a sale. Also one of its largest shareholders plans to sell its stake.

— Facebook fell 51 cents to $30.42, paring its gains for the year to 14 percent, after the company unveiled a new search feature on Tuesday that lets users search their social connections for information about people, interests, photos and places.

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