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Tuesday, April 2, 2013

Monday, April 1, 2013

Famo.us, The Framework For Fast And Beautiful HTML5 Apps, Will Be Free Thanks To ?Huge Hardware Vendor Interest?

Famo.us, the Javascript framework that's designed for building crazy rich (yet still fast) interfaces in pure HTML5, is making two announcements out of the HTML5 Developer Conference in San Francisco this morning: the framework will be free to developers thanks to a few "huge hardware vendors" taking interest, and it's getting a physics engine.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/BXeWM_SOxyA/

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AP PHOTOS: Easter celebrations around the world

(Reuters) - Face-transplant recipient Dallas Wiens married a fellow burn victim on Saturday in the same church where his face was melted in an electrical accident, the Dallas Morning News reported. In 2011, Wiens received the first full face transplant ever performed in the United States. Wiens, 27, was married to Jamie Nash of Garland, Texas, at Ridglea Baptist Church in Fort Worth before 150 people, the newspaper said on its website. "I am blessed beyond measure that you have chosen me, and I love you with all of my heart," the daily quoted Wiens as telling Nash. ...

Source: http://news.yahoo.com/ap-photos-easter-celebrations-around-world-231217681.html

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Drug maker loses India patent battle

NEW DELHI (AP) ? India's Supreme Court on Monday rejected drug maker Novartis AG's attempt to patent a new version of a cancer drug in a landmark decision that healthcare activists say ensures poor patients around the world will get continued access to cheap versions of lifesaving medicines.

Novartis had argued that it needed a new patent to protect its investment in the cancer drug Glivec, while activists said the company was trying to use loopholes to make more money out of a drug whose patent had expired.

The decision has global implications since India's $26 billion generic drug industry supplies much of the cheap medicine used in the developing world.

The ruling sets a precedent that will prevent international pharmaceutical companies from obtaining fresh patents in India on updated versions of existing drugs, said Pratibha Singh, a lawyer for the Indian generic drug manufacturer Cipla, which makes a generic version of Glivec.

The court ruled that a patent could only be given to a new drug, she told reporters outside the court.

"Patents will be given only for genuine inventions, and repetitive patents will not be given for minor tweaks to an existing drug," Singh said.

Novartis did not immediately return calls for comment.

The Swiss pharmaceutical giant has fought a legal battle in India since 2006 for a fresh patent for its leukemia drug Gleevec, known in India and Europe as Glivec.

India's patent office had rejected the company's patent application because it was not a new medicine but an amended version of its earlier product. The patent authority cited a legal provision in India's 2005 patent law aimed at preventing companies from getting fresh patents for making only minor changes to existing medicines ? a practice known as "evergreening."

Novartis appealed, arguing Glivec was a newer, more easily absorbed version of the drug that qualified for a fresh patent.

Anand Grover, a lawyer for the Cancer Patients Aid Association, which has taken the lead in the legal fight against Novartis, said the ruling Monday prevented the watering down of India's patent laws.

"This is a very good day for cancer patients. It's the news we have been waiting for for seven long years," he said.

Aid groups, including Doctors Without Borders, have opposed Novartis' case, fearing that a victory for the Swiss drugmaker would limit access to important medicines for millions of poor people around the world.

Gleevec, used in treating chronic myeloid leukemia and some other cancers, costs about $2,600 a month. Its generic version was available in India for around $175 per month.

"The difference in price was huge. The generic version makes it affordable to so many more poor people, not just in India, but across the world," said Y.K. Sapru, of the Mumbai-based cancer patients association.

Source: http://news.yahoo.com/drug-maker-loses-india-patent-battle-053713850--finance.html

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Source: Business, labor get deal on worker program

WASHINGTON (AP) ? Big business and labor have resolved a dispute over a low-skilled worker program that threatened to hold up agreement on a sweeping immigration bill, according to a person familiar with the negotiations.

The deal was struck in a phone call late Friday night with AFL-CIO President Richard Trumka, U.S. Chamber of Commerce head Tom Donohue, and Democratic Sen. Chuck Schumer of New York, who's been mediating the dispute.

The person, who spoke on condition of anonymity ahead of a formal announcement, said the deal resolves disagreements over wages for the new workers and which industries would be included. That had led talks to break down a week ago.

The deal must still be signed off on by the seven other senators working with Schumer to negotiate a bipartisan immigration bill ? but that's expected to happen. The agreement between business and labor removes the biggest hurdle to completion of the immigration bill to secure the border, crack down on employers, improve legal immigration and create a pathway to citizenship for 11 million illegal immigrants already here.

The bipartisan senate group is expected to introduce the bill the week of April 8 after Congress returns from a two-week recess.

The AFL-CIO and the Chamber had been fighting over wages for tens of thousands of low-skilled workers who would be brought in under the new program to fill jobs in construction, hotels and resorts, nursing homes and restaurants, and other industries.

On Friday, officials from both sides said there was basic agreement on the wage issue, and Schumer said a final deal on the worker dispute was very close.

"We're feeling very optimistic on immigration: Aspiring Americans will receive the road map to citizenship they deserve and we can modernize 'future flow' without reducing wages for any local workers, regardless of what papers they carry," AFL-CIO spokesman Jeff Hauser said in a statement earlier this week. "Future flow" refers to future arrivals of legal immigrants.

Under the emerging agreement between business and labor, a new "W'' visa program would bring tens of thousands of lower-skilled workers a year to the country. The program would be capped at 200,000 a year, but the number of visas would fluctuate, depending on unemployment rates, job openings, employer demand and data collected by a new federal bureau pushed by the labor movement as an objective monitor of the market.

The workers would be able to change jobs and could seek permanent residency. Under current temporary worker programs, personnel can't move from employer to employer and have no path to permanent U.S. residence and citizenship. And currently there's no good way for employers to bring many low-skilled workers to the U.S. An existing visa program for low-wage nonagricultural workers is capped at 66,000 per year and is supposed to apply only to seasonal or temporary jobs.

The Chamber of Commerce said workers would earn actual wages paid to American workers or the prevailing wages for the industry they're working in, whichever is higher. The Labor Department determines prevailing wage based on customary rates in specific localities, so that it varies from city to city.

The low-skilled worker issue had loomed for weeks as perhaps the toughest matter to settle in monthslong closed-door talks on immigration among the senators, including Republicans John McCain of Arizona and Marco Rubio of Florida. The issue helped sink the last major attempt at immigration overhaul in 2007, when the legislation foundered on the Senate floor after an amendment was added to end a temporary worker program after five years, threatening a key priority of the business community.

The amendment passed by just one vote, 49-48. President Barack Obama, a senator at the time, joined in the narrow majority voting to end the program after five years.

___

Follow Erica Werner on Twitter: https://twitter.com/ericawerner

Source: http://news.yahoo.com/source-business-labor-deal-worker-program-180402065--finance.html

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Syracuse Final Four Berth Secured With 55-39 Win Over Marquette In Elite Eight (PHOTOS)

Wichita State players celebrate their 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Amedeo Della Valle

Ohio State guard Amedeo Della Valle cries in the locker room following his team's 70-66 loss to Wichita State in the NCAA men's college basketball tournament regional final, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Evan Ravenel

Ohio State's Evan Ravenel, right, sits in the locker room after Ohio State's 70-66 loss to Wichita State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

LaQuinton Ross

Ohio State's LaQuinton Ross sits in the locker room after his team lost 70-66 to Wichita State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Evan Ravenel

Carl Hall

Wichita State's Carl Hall celebrates after his team defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall points as he walks off the court after Wichita State defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Carl Hall

Wichita State's Carl Hall (22) and teammates pose with the regional trophy after defeating Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Chadrack Lufile

Wichita State's Chadrack Lufile holds up a piece of the net after his team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall holds the regional trophy as he poses with his players after they defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall celebrates after Wichita State defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall holds up a pair of scissors after Wichita State defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall signals that his team is headed to the Final Four it defeated Ohio State 70-66 in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

LaQuinton Ross, Sam Thompson

Ohio State players LaQuinton Ross, right, and Sam Thompson (12) leave the court after Ohio State's 70-66 to Wichita State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Wichita State coach Gregg Marshall, left, and Ohio State coach Thad Matta talk at the finish of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. Wichita State won 70-66. (AP Photo/Jae C. Hong)

Demetric Williams, Carl Hall, Fred Van Vleet

Wichita State's Carl Hall, right rear, Fred Van Vleet, left, and Demetric Williams celebrate their team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Fred Van Vleet

Wichita State guard Fred Van Vleet celebrates his team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Shannon Scott

Ohio State guard Shannon Scott walks off court after after Ohio State's 70-66 loss to Wichita State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Aaron Craft

Carl Hall

Wichita State's Carl Hall celebrates his team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Deshaun Thomas, Carl Hall, Fred Van Vleet

Wichita State's Carl Hall (22) and Fred Van Vleet celebrate their team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. Ohio State's Deshaun Thomas (1) walks off at left. (AP Photo/Jae C. Hong)

The Ohio State bench watches as their team loses 70-66 to Wichita State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Carl Hall

Wichita State forward Carl Hall celebrates his team's 70-66 win over Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Thad Matta

Ohio State coach Thad Matta reacts during the second half of the West Regional final against Wichita State in the NCAA mens college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Malcolm Armstead, Deshaun Thomas, Carl Hall

Ohio State forward Deshaun Thomas (1) shoots next to gainst Wichita State forward Carl Hall (22) during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. Wichita State's Malcolm Armstead is at left. (AP Photo/Mark J. Terrill)

Carl Hall, Deshaun Thomas

Wichita State forward Carl Hall (22) controls the ball against Ohio State forward Deshaun Thomas (1) during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Deshaun Thomas, Carl Hall

Ohio State forward Deshaun Thomas, left, defends against Wichita State forward Carl Hall during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Ohio State players sits on the bench during the second half of the West Regional final against Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Fred Van Vleet, Aaron Craft

Wichita State's Fred Van Vleet, left, and Ohio State guard Aaron Craft chase a loose ball during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

LaQuinton Ross

Ohio State forward LaQuinton Ross pauses during the second half of the West Regional final against Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Wichita State players react from the bench during the second half against Ohio State in the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Cleanthony Early

Wichita State's Cleanthony Early, right, is examined after suffering an injury during the second half of the West Regional final against Ohio State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Wichita State players sits on the bench during the second half of the West Regional final against Ohio State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Fred Van Vleet, Aaron Craft

Ohio State guard Aaron Craft, top, and Wichita State guard Fred Van Vleet scramble for a loose ball during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Sam Thompson, Carl Hall

Ohio State forward Sam Thompson drives against Wichita State forward Carl Hall during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Deshaun Thomas, Carl Hall

Ohio State forward Deshaun Thomas, left, and Wichita State forward Carl Hall get tangled up during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Wichita State players react to a field goal scored against Ohio State during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Aaron Craft, Malcolm Armstead

Wichita State guard Malcolm Armstead, right, works against Ohio State guard Aaron Craft (4) during the second half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Carl Hall, Deshaun Thomas

Wichita State forward Carl Hall, left, shoots against Ohio State's Deshaun Thomas (1) and another defender during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Carl Hall, Amir Williams, Deshaun Thomas

Wichita State forward Carl Hall, left, has a shot rejected by Ohio State's Ohio State's Amir Williams (23) as Ohio State's Deshaun Thomas (1) helps defend during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

The Ohio State cheer team performs during the first half of the West Regional final between Ohio State and Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Thad Matta

Ohio State head coach Thad Matta argues a call during the first half of the West Regional final against Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Thad Matta

Ohio State coach Thad Matta calls to his players during the first half of the West Regional final against Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Thad Matta

Ohio State coach Thad Matta reacts during the first half of the West Regional final against Wichita State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall

Wichita State coach Gregg Marshall talks to his players during the first half of the West Regional final against Ohio State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Mark J. Terrill)

Gregg Marshall, Cleanthony Early

Wichita State coach Gregg Marshall talks to Cleanthony Early during the first half of the West Regional final against Ohio State in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Gregg Marshall

Carl Hall, Amir Williams, Deshaun Thomas

Wichita State forward Carl Hall (22) has a shot rejected by Ohio State center Amir Williams (23) as Ohio State forward Deshaun Thomas helps on defends during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Carl Hall

Wichita State forward Carl Hall celebrates a field goal against Ohio State during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Demetric Williams, Cleanthony Early

Wichita State guard Demetric Williams (5) celebrates a 3-pointer against Ohio State with teammate Cleanthony Early (11) during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. (AP Photo/Jae C. Hong)

Amir Williams, Carl Hall, Aaron Craft, Shannon Scott

Wichita State forward Carl Hall, rear, and Ohio State guards Aaron Craft, center, and Shannon Scott, right, scramble for a loose ball during the first half of the West Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Los Angeles. Ohio State center Amir Williams is at left. (AP Photo/Jae C. Hong)

Source: http://www.huffingtonpost.com/2013/03/30/syracuse-marquette-ncaa-elite-eight_n_2985970.html

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Sears Ex-CEO Louis D'Ambrosio's Pay Shrank Nearly 90 Percent In 2012

-- The CEO of Sears Holding Corp. received a compensation package worth nearly 90 percent less in 2012 than the prior year.

Louis D'Ambrosio's became CEO of Sears in February 2011 and stepped down last month due to heath issues involving his family.

In a proxy statement filed Thursday with the Securities and Exchange Commission, the retailer said D-Ambrosio's salary rose to $1 million last year from $930,769 in 2011. The value of his perks, like corporate housing and travel from his primary residence in Philadelphia to Chicago, shrank to $278,741 from $852,037 in 2011.

Sears gave D'Ambrosio a signing bonus of $150,000 and $8 million in stock awards in 2011 after he joined the company. But he received no bonus or stock awards in 2012.

The Associated Press reports the value of stock at the time they are granted. Of the $8 million in restricted stock awards given in 2011, $6 million would vest over a period of three years and $2 million was a restricted stock matching to vest over two years. The company said $3 million of it vested in 2012 and $3 million vested in 2013. Because D'Ambrosio left earlier this year, he forfeited $2 million that would have vested in 2014.

Edward Lampert, the company's chairman and largest shareholder, took over as head of the struggling retailer in February at the start of its 2013 fiscal year.

Sears disclosed earlier this month that it signed a contract with Lampert to keep him on as CEO of the company at a salary of $1 per year, but with the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.

Sears, which operates the Sears and Kmart chains, is trying to turn itself around after years of weak sales and failing to attract new shoppers. Some investors were concerned about Lampert's appointment, as they wondered whether Lampert would continue the investment that D'Ambrosio made to improve the shopping experience at Sears and Kmart.

The company announced plans last year to restore profitability by aggressively cutting costs, reducing inventory, selling off some assets and spinning off others.

Sears reported a loss of $930 million, or $8.78 per share, for its 2012 fiscal year. The company's adjusted loss from continuing operations was $2.03 per share. Its annual revenue fell 4 percent to $39.85 billion from $41.57 billion.

The Associated Press formula calculates an executive's total compensation during the last fiscal year by adding salary, bonuses, perks, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year. The AP formula does not count changes in the present value of pension benefits. That makes the AP total slightly different in most cases from the total reported by companies to the Securities and Exchange Commission.

The value that a company assigned to an executive's stock and option awards for 2012 was the present value of what the company expected the awards to be worth to the executive over time. Companies use one of several formulas to calculate that value. However, the number is just an estimate, and what an executive ultimately receives will depend on the performance of the company's stock in the years after the awards are granted. Most stock compensation programs require an executive to wait a specified amount of time to receive shares or exercise options.

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Source: http://www.huffingtonpost.com/2013/03/31/louis-dambrosio-pay_n_2988677.html

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