NASA’s Planet-Hunting Spacecraft Recovering from Glitch

NASA’s Kepler space telescope has resumed its search for alien planets after resting for 10 days to work out kinks in its attitude control system, mission officials announced today (Jan. 29).

Kepler went into a protective “safe mode” on Jan. 17 after engineers detected elevated friction levels in one of its reaction wheels — devices that maintain the observatory’s position in space. Engineers spun the wheels down to zero speed, hoping the break would redistribute lubricant and bring the friction back down to normal.

That phase is now over and Kepler is back in action, though it will take time to determine if the problem is solved.

Kepler began coming out of safe mode at 2:30 p.m. EST (1930 GMT) Sunday (Jan. 27) and started collecting science data again at 8 p.m. EST Monday (Jan. 28; 0100 GMT Jan. 29), officials wrote in a mission update today. [Gallery: A World of Kepler Planets]

“The spacecraft responded well to commands and transitioned from thruster control to reaction wheel control as planned,” Kepler mission manager Roger Hunter wrote in the update. “During the 10-day resting safe mode, daily health and status checks with the spacecraft using NASA’s Deep Space Network were normal.”

Kepler flags exoplanets by detecting the telltale brightness dips caused when they pass in front of their parent stars from the instrument’s perpsective. The telescope requires three functioning reaction wheels to stay locked onto its roughly 150,000 target stars.

When Kepler launched in March 2009, it had four reaction wheels — three for immediate use, and one spare. But one wheel (known as number two) failed in July 2012, so a major problem with the currently glitchy wheel (called number four) could spell the end of the $ 600 million Kepler mission.

It’s unknown at the moment if the 10-day rest period will bring wheel number four back into line.

“Over the next month, the engineering team will review the performance of reaction wheel #4 before, during and after the safe mode to determine the efficacy of the rest operation,” Hunter wrote.

The wheel has acted up before without causing serious problems.

“Reaction wheel #4 has been something of a free spirit since launch, with a variety of friction signatures, none of which look like reaction wheel #2, and all of which disappeared on their own after a time,” Hunter wrote.

To date, Kepler has discovered more than 2,700 exoplanet candidates. While just 105 of them have been confirmed by follow-up observations so far, mission scientists estimate that more than 90 percent of them will end up being the real deal.

Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also on Facebook and Google+. 

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Asian shares rally, eye Fed, U.S. data

TOKYO (Reuters) - Asian shares rallied on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week that may offer clues to the Fed's stimulus plans.

European markets were seen following Asia higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent.

U.S. stock futures were up 0.1 percent, hinting at a firm Wall Street start. <.l><.eu><.n/>

Solid U.S. earnings and an improving U.S. business spending gauge have combined with a recent run of positive global economic data, along with signs of easing financial stress in the euro zone, putting upwards pressure on Treasury yields.

Further signs of brightening U.S. growth prospects would fuel speculation the Fed may consider pulling back on aggressive easing stimulus. The Fed ends a two-day policy meeting on Wednesday.

The first estimate of U.S. fourth-quarter gross domestic product also will be released on Wednesday, followed by non-farm payrolls on Friday.

Few expect any immediate change to the Fed's very accommodative monetary stance while other central banks such as the Bank of Japan also embark on fresh easing to help spur economic activities. India's central bank cut interest rates on Tuesday for the first time in nine months.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rallied 0.9 percent to snap a four-day losing streak, led by a 1.1 percent jump in Australian shares <.axjo> to a fresh 21-month high on gains in financial shares.

"It seems that a lower interest rate environment is starting to improve confidence among the Australian business community. Mix this in with the China rebound and we have a sharp rise in confidence," said Ben Taylor, sales trader at CMC Markets.

South Korean shares <.ks11>, which slumped to an 8-week low on Monday, rebounded 0.8 percent.

Japan's Nikkei stock average <.n225> reversed earlier declines and closed up 0.4 percent, buoyed by optimism over earnings of major banks. <.t/>

"With yields on U.S. Treasury and German government bonds inching higher, one might say investors may be shifting funds to riskier assets from safe-havens," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.

The benchmark U.S. 10-year note yield briefly pierced 2 percent on Monday for the first time since last April, and inched up 2.5 basis points (bps) in Asia from New York close. The 10-year Japanese government bond yield also rose.

Naka Matsuzawa, fixed income strategist at Nomura Securities, said in research note that a sell-off in 5-year Treasury notes over the last two days "would not have occurred unless expectations of an economic recovery have gained ground to the extent that the monetary policy outlook begins to change."

"The market is aware that risks are toward more hawkish FOMC statements in the future rather than dovish ones," considering a pick-up in the U.S. economic recovery and stock market rally, as well as the underlying global risk-on trend, he said.

STUBBORN YEN

Yen selling paused, helping to bolster the benchmark South Korean stock index which is vulnerable to exchange rate swings as exporters lead market capitalization.

The dollar fell 0.1 percent to 90.78 yen after touching 91.32 on Monday, its highest level since June 2010, while the euro recouped earlier losses against the yen to steady around 122.10 yen after hitting 122.91 on Monday, its highest point since April.

The euro was at $1.3450, not far from an 11-month high of $1.3480 hit on Friday.

The euro's strength sharply contrasted with the crumbling pound, which has been pressured by worries about the weak UK economy, prospects of more monetary easing by the Bank of England and the UK's unclear role within the European Union.

The euro extended its recent stellar run to hit 0.8575 sterling, its highest since late 2011, on Tuesday. The pound fell to $1.5687, near a five-month low.

"The UK is a small open economy that has benefited from capital inflows because it is not in the euro area but is in the EU. The former is less helpful now, the uncertainty about the latter is a clear negative. The result could be to take EUR/GBP close to 0.90 before long-term downtrend resumes," said Kit Juckes, FX strategist at Societe Generale in a note.

Commodities were underpinned by a more positive global growth outlook.

"I don't think there's much downside risk," said Tetsu Emori, a commodities fund manager at Astmax Investments in Tokyo. "I think economic data out of the United States has improved, so I don't think there are any negative factors in the market."

U.S. crude rose 0.4 percent to $96.80 a barrel and Brent inched up 0.1 percent to $113.64.

London copper gained 0.4 percent to $8,078 a tonne.

Gold inched up 0.4 percent to $1,661.95 an ounce but was capped by receding investor appetite for safe-haven assets.

Asian credit markets lagged the region's rallying equities, pushing the spread on the iTraxx Asia ex-Japan investment-grade index wider by 2 basis points.

(Additional reporting by Jessica Jaganathan in Singapore and Thuy Ong in Sydney; Editing by Eric Meijer & Kim Coghill)

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Green Tea and Viagra: A Recipe for Fighting Cancer?

Discovered: Erectile dysfunction meds and green tea team up to fight cancer; cell phone towers are responsible for many bird deaths; look at this tractor beam in action; shooting your belly full of botox won’t make you skinny.

RELATED: This Cancer-Curing Teenager Is Probably Smarter Than You

The cancer-fighting properties of green tea and erectile dysfunction meds. Ever wonder why men who drink green tea and have Viagra prescriptions live so long? Of course you didn’t, nobody wonders that. But according to a new study led by Kyushu University’s Hirofumi Tachibana, it could be true! He gave mice suffering from cancer a cocktail of green tea and PDE5 inhibitors (the kind of drug in Viagra, Cialis, Levitra, and other brands of erectile dysfunction medication), finding that malignant cells stopped growing when subjects took the healthy/arousing mixture. The EGCG catechin found in green tea has long been thought to have cancer fighting properties, but Tachibana’s work shows that the PDE5 enzyme could be stifling it. Luckily, we already have a drug that suppresses PDE5, and it just happens to be used for erectile dysfunction. Tachibana warns the public from trying this remedy at home right now, and in the meantime researchers in the U.S. plan to set up human trials this year. [The Japan Times]

RELATED: WHO Verdict: Cell Phones ‘Possibly’ Cause Cancer

Cell phone towers are killing many birds. The verdict’s out on cell phones‘ link with brain cancer, but it’s very clear cell phones are having a negative effect on bird populations. Around 7 million birds have been killed each year by flying into cell towers, according to a new paper in Biological Conservation. And many of them are rare species, such as the yellow rail (2,000 die from cell phone tower collisions each year, and there are only about 20,000 total). Researchers suggest that affixing blinking red lights to the towers could lower deaths by 70 percent. [Scientific American]

RELATED: Marines, Andrew Cuomo, and Comics

Tractor beams made real, on a miniature scale. Star Trek is coming true—at least on a miniature scale. We brought you news of a real-life tractor beam’s invention last October, and now University of St. Andrews researcher Tomas Cizmar and his colleagues have caught the tractor beam’s effect in action. What you’re looking at below is light attracting particles towards it. “When the right configuration of particles occurs the tractor beam makes it stable and the whole structure moves against the tractor beam,” says Cizmar. Light’s ability to push objects away from it has been demonstrated before, but this ability to beam particles up is shown here for the first time. [New Scientist]

RELATED: What Would You Give Up For Cell Phone Service?

RELATED: A Superbug Hops from Hospitals to Rabbits; Beam Me Up, Science

No, injecting botox into your belly won’t make you skinny. It might iron out the wrinkles in your stomach skin, but injecting Botox into your belly won’t slim you down according to a new study from the Mayo Clinic. Data on this was split previously, with some researchers saying that botulinum toxin A injections could reduce waistline fat by delaying emptying of the stomach. This would induce a great feeling of fullness and discourage overeating, the thought went. But the Mayo Clinic’s Mark Topazian and his colleagues found no evidence that the injections corresponded with weight loss. “”On the basis of our findings, I would not recommend gastric Botox injections to people who want to lose weight. There are some risks with this treatment and we found that there was no benefit in terms of body weight loss,” Topazian says. “Unless future studies show different results I’d advise patients to seek other means of achieving weight loss.” [American Gastroenterological Association]

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Seoul pulls Asian shares down, solid economic data helps

TOKYO (Reuters) - Tech-heavy South Korean shares led the broader Asian share index lower on Monday on fears of weaker earnings, but improving economic prospects in Europe and solid U.S. profit reports underpinned sentiment.

Gold languished near two-week lows and was capped as the improving global macroeconomic environment has curbed interest in safe haven assets.

"Investors would rather move their money into equities or bulk commodities from safe-haven assets," said Li Ning, an analyst at Shanghai CIFCO Futures.

European markets were seen edging higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent. U.S. stock futures were up 0.1 percent, hinting at a firm Wall Street start. <.l><.eu><.n/>

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.4 percent, dragged lower by a 1.9 percent plunge in its technology sector <.miapjit00pus>. Among the regional equities markets, only Seoul and Jakarta, which stayed near its lifetime highs, were in the red.

The Korea Composite Stock Price Index <.ks11> extended losses to close down 0.4 percent after touching an 8-week low, as a weakening yen soured the outlook for local exporters and foreign investors reduced their holdings.

Tech heavyweight Samsung Electronics shed 3.2 percent to a 10-week low, exposing the industry's vulnerability to a clouding outlook for high-end smartphone device shipments

"Concerns about South Korean tech firms' fundamentals have increased, with high-end smartphone device shipments expected to slow down this year," said Park Young-joo, an analyst at Woori Investment & Securities.

Global investor sentiment improved on Friday as a rise in the German Ifo business morale index gave further evidence for Europe's largest economy picking up speed, and European banks were to repay the European Central Bank a larger sum of money than expected to highlight a stabilizing euro zone financial system.

In China, data on Sunday showed profits earned by industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.9 billion), adding to evidence of a fourth-quarter economic recovery.

Spot gold steadied around $1,659.90 an ounce on Monday, still below its 200-day moving average.

U.S. crude inched up 0.2 percent to $96.09 a barrel and Brent steadied around $113.27.

London copper, another industrial commodity linked to demand prospects, rose 0.4 percent to $8,061.25 a metric ton (1.1023 tons).

YEN UNDER PRESSURE

The yen extended losses to fresh lows earlier in the session, but Japanese equities gave up morning gains ahead of Japan's corporate reporting season, which enters full swing this week.

Japan's Nikkei stock average <.n225> closed down 0.9 percent after briefly striking a fresh 32-month high above 11,000 in the morning. It jumped 2.9 percent on Friday to log an 11th straight week of gains, its longest such run since 1971. <.t/>

Against the yen, the dollar hit 91.26 early on Monday, its highest level since June 2010 while the euro touched 122.91, its highest point since April.

Analysts estimate that a one-yen decline against the dollar is worth around a 1 percent increase in combined recurring profits at all listed Japanese firms. Of total estimates for companies, there are more analysts' upgrades than downgrades.

New Prime Minister Shinzo Abe has called for aggressive monetary easing and huge fiscal spending to beat deflation. The yen has fallen some 13 percent since mid-November when he began making those calls as part of his election campaign.

"The potent mix of Abenomics and strong risk appetite abroad is continuing to soften the yen, which means investors will still be buying stocks," said Masayuki Doshida, senior market analyst at Rakuten Securities.

In sharp contrast to U.S. and German equities, the Nikkei remains well below levels before the financial crisis in 2008, reflecting the magnitude of negative effect from the yen's strength. The benchmark Standard & Poor's 500 Index <.spx> closed at its highest in more than five years on solid U.S. corporate earnings on Friday and Frankfurt's DAX index <.gdaxi> also scaled five-year highs.

The yen is stronger than around 105 to the dollar before the 2008 financial crisis, but the euro hovers well below the pre-crisis levels. The Korean won is weaker against pre-Lehman levels against both the dollar and the yen.

Investors will focus this week on the Federal Reserve's Open Market Committee statement on Wednesday and U.S. nonfarm payrolls due on Friday.

Sluggish equities weighed on Asian credit markets, widening the spread on the iTraxx Asia ex-Japan investment-grade index by 1 basis point.

($1 = 0.7421 euros)

(Additional reporting by Joyce Lee in Seoul, Sophie Knight in Tokyo and Rujun Shen in Singapore; Editing by Kim Coghill and Richard Borsuk)

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Mass Human Sacrifice? Pile of Ancient Skulls Found

Archaeologists have unearthed a trove of skulls in Mexico that may have once belonged to human sacrifice victims. The skulls, which date between A.D. 600 and 850, may also shatter existing notions about the ancient culture of the area.

The find, described in the January issue of the journal Latin American Antiquity, was located in an otherwise empty field that once held a vast lake, but was miles from the nearest major city of the day, said study co-author Christopher Morehart, an archaeologist at Georgia State University.

“It’s absolutely remarkable to think about this little nothing on the landscape having potentially evidence of the largest mass human sacrifice in ancient Meso-America,” Morehart said.

Middle of nowhere

Morehart and his colleagues were using satellite imagery to map ancient canals, irrigation channels and lakes that used to surround the kingdom of Teotihuacan (home to the Pyramid of the Sun), about 30 miles (50 kilometers) from Mexico City. The vast ancient kingdom flourished from around A.D 200 to 650, though who built it remains a mystery. [In Photos: Amazing Ruins of the Ancient World]

In a now drained lake called Lake Xaltocan, around which was essentially rural farmland at the time, Morehart stumbled upon a site with evidence of looting.

When the team investigated, they discovered lines of human skulls with just one or two vertebra attached. To date, more than 150 skulls have been discovered there. The site also contained a shrine with incense burners, water-deity figurines and agricultural pottery, such as corncob depictions, suggesting a ritual purpose tied to local farming. [See images from the grisly excavation ]

Carbon dating suggested that the skulls were at least 1,100 years old, and the few dozen analyzed so far are mostly from men, Morehart told LiveScience. The researchers did not release photos of the skulls because the sacrifice victims may have historic ties to modern-day indigenous cultures.

The findings shake up existing notions of the culture of the day, because the site is not associated with Teotihuacan or other regional powers, said Destiny Crider, an archaeologist at Luther College in Iowa, who was not involved in the study.

Human sacrifice was practiced throughout the region, both at Teotihuacan and in the later Aztec Empire, but most of those rituals happened at great pyramids within cities and were tied to state powers.

By contrast, “this one is a big event in a little place,” Crider said.

The shrines and the fact that sacrifice victims were mostly male suggest they were carefully chosen, not simply the result of indiscriminate slaughter of a whole village, Crider told LiveScience.

Many researchers believe that massive drought caused the fall of Teotihuacan and ushered in a period of warfare and political infighting as smaller regional powers sprang up, Morehart said.

Those tumultuous times could have spurred innovative — and bloody — practices, Crider said.

“Maybe they needed to intensify their activities because everything was changing,” she said. “When things are uncertain you try new strategies.”

Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+. 

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.

Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.

The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.

The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.

"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."

The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.

The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.

That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.

MUTUAL FUND INVESTORS COME BACK

All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.

Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.

More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.

"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.

The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.

Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.

"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.

The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.

JOBS DATA MAY TEST THE RALLY

In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.

Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.

The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.

"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."

A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .

On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.

Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.

"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."

For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.

(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)

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Atten-TION: Male Soldiers Are Growing Breasts

Like armies everywhere, the German military is filled with macho, chest-thumping rituals. But one battalion has found there’s a downside to all that chest-thumping: The male soldiers are growing breasts — and only on their left sides.

The Wachbataillon unit performs precision military drills at official ceremonial functions, the German Herald reports. Many of their drills involve smacking their rifles against the left side of the soldiers’ chests. And all that pounding on the same spot has stimulated the production of hormones that cause man boobs to grow.

“There is a very significant link between the activity in the … battalion and the development of the breast on the left side,” Dr. Bjorn Krapohl, director of plastic surgery at the military’s main hospital in Berlin, told the Herald. “They need to change the way they drill.”

The growth of male breasts isn’t altogether uncommon: The condition is known as gynecomastia, and it’s caused by an imbalance in testosterone and estrogen levels. There have been cases where chest injury has caused gynecomastia, though it’s rare. Plastic surgeons report that teenage boys — who are particularly prone to the condition — often have breast tissue removed when gynecomastia becomes a big psychosocial problem.

In a study of the German soldiers, published in January 2012, Krapohl and colleagues found significant differences between the guards with gynecomastia and a control group of healthy males without signs of gynecomastia. Those in the Guard Battalion in Berlin had lower testosterone levels and higher body mass indexes (BMI), or a measure of body fatness. [The 9 Most Bizarre Medical Conditions]

While the researchers hypothesize the mechanical stress from daily drills may be the underlying cause, they are not sure exactly how the “chest thumping” causes the breast growth. “There are no experimental studies identifying possible mechanisms at the cellular level that might induce gynecomastia mechanically,” they write in the journal article, adding that these findings may provide new impetus for such studies. The research is detailed in the journal GMS Interdisciplinary Plastic and Reconstructive Surgery DGPW.

Other research has shown that while gynecomastia tends to be symmetric, it can also be asymmetric; the lopsided type tends to be more common on the left side, according to a review in the Cleveland Clinic Journal of Medicine.

Over 70 percent of the German battalion’s soldiers have been diagnosed with significant gynecomastia. Military officials have promised to keep an eye on the men’s breasts.

“The affected soldiers are being medically supervised and treated individually,” an army spokesman told the Herald.

Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+.

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Asian shares down; Seoul hit by weak techs but Nikkei surges

TOKYO (Reuters) - Asian shares fell on Friday, hurt by a drop in regional technology stocks and on caution ahead of the corporate earnings season, but gains in Japan and Australia limited overall losses for equities.

Upbeat manufacturing reports from the United States, Germany and China underpinned sentiment for other assets, supporting copper while curbing selling pressure in oil.

"The PMI indicators from the U.S., Europe and China should serve to keep markets tracking higher," said CMC Markets senior trader Tim Waterer in Sydney.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> eased 0.5 percent, and was set for a weekly drop of 1 percent, its biggest such loss in two months.

A 1.4 percent slide in the technology sector <.miapjit00pus> dragged the pan-Asian index down, as tech-heavy markets such as South Korea and Taiwan fell.

Seoul shares <.ks11> declined 0.9 percent, weighed by weak profits for automakers, while tech shares continued to falter as Samsung Electronics announced cautious spending plans for the first time since the global financial crisis.

Shares of Apple Inc's suppliers extended their declines after Apple's below-estimate results announced earlier in the week: Taiwan's Largan Precision weakened and Samsung shares shed as much as 3.3 percent.

Hong Kong <.hsi> and Shanghai <.ssec> were the other laggards as investors took profits from recent rallies and remained cautious ahead of the upcoming earnings season.

A 0.3 percent rise in London copper to $8,118 a metric ton and gold prices steadying around $1,669 an ounce helped push commodity-reliant Australian shares <.axjo> up 0.5 percent to a fresh 21-month high, marking an eighth straight session of gains.

U.S. crude eased 0.1 percent to $95.87 a barrel and Brent inched down 0.2 percent to $113.11.

"It now seems that the stronger tone in global equity markets, coupled with a notable easing in European and US market tensions, is leading to short-term pressure on gold," said Ed Meir, an analyst at INTL FCStone, in a research note.

European markets are seen falling, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.4 percent. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>

JAPAN IN SPOTLIGHT

Japan's Nikkei stock average <.n225> outperformed its Asian peers with a 2.9 percent surge as the yen hit fresh lows versus the dollar and the euro on expectations Japan will continue to pursue bold policies to beat deflation and stimulate growth. The Nikkei rose for an 11th straight week. <.t/>

"Trading on Japan is gaining momentum among foreign investors, centering around the dollar/yen, which has dictated Nikkei's direction," said Tetsuro Ii, the chief executive of Commons Asset Management.

The yen's slide bolsters sentiment for Japanese equities as it lifts earnings prospects for exporters, ahead of the quarterly earnings season set to start next week.

The dollar scaled its highest level since June 2010 to reach 90.695 yen early on Friday and the euro rose to 121.32, its highest since April 2011. Prime Minister Shinzo Abe's new administration has made clear it wants a weaker yen, providing investors a reason to short the currency.

More than 80 percent of Japanese firms are in favor of Abe's drive for aggressive monetary easing and huge fiscal spending, though most also feared Japan would face a debt crisis within a few years, according to a Reuters poll.

The yen's two-month decline has more legs, many traders and analysts believe, noting the yen has barely caught up to levels before a potential debt default by Greece sparked the euro zone debt crisis and sent the euro plummeting nearly three years ago.

The yen was around 95 yen against the dollar and 123 yen against the euro early in May 2010 when protests flared up in Greece against its austerity steps in exchange for a bailout.

Despite the recent rallies, the Nikkei remains well below levels before the 2008 financial crisis while the Standard & Poor's 500 Index <.spx> and Germany's benchmark stock index have both already exceeded that level, thanks to the weakness of the euro and the dollar, measured against a basket of currencies.

"JPY weakness should continue over the coming year driven by an expansion of the Bank of Japan's balance sheet relative to the European Central Bank and the Federal Reserve," said Kit Juckes, FX strategist at Societe Generale in a note. "I don't know how long the USD/JPY is going to pause at around 90, but a move to 100 still seems very likely in the longer run."

(Additional reporting by Victoria Thieberger in Melbourne and Rujun Shen in Singapore; Editing by Shri Navaratnam)

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Robot Avatar for Physicians Gets FDA Approval

A robot avatar for physicians that can navigate hospital corridors on its own has received the green light from the U.S. Food and Drug Administration.

The RP-VITA robot represents the “smartest” telepresence robot that physicians can control remotely to interact with patients in hospitals hundreds or thousands of miles away. Onboard software “brains” from iRobot — the company that makes the self-driving vacuum “Roombas” — allow the new robot to obey movement orders without requiring direct human control.

“Previous generations have had to be driven,” said Charlie Vaida, a public relations manager for iRobot. “This one you can operate on your iPad by tapping on patient Joe Smith in room 32, and it’s going to go there while avoiding people and obstacles.”

One of the RP-VITAs showed off its navigational skills by wandering around the iRobot booth at the Consumer Electronics Show in Las Vegas in January. The clever machine represents a joint project between InTouch Health, a seller of telepresence robots, and iRobot.

[Video: iRobot 'Brains' Allow Hospital Robot to Drive Itself]

Physicians can open the robot’s app on their iPad to see an electronic map of the hospital and simply direct the robot to their next patient as they study the person’s electronic medical record. RP-VITA carries cameras, sensors and a touch-screen display, including an LCD screen “head” that can show the face of the physician controlling the robot.

“It’s the only autonomous telepresence robot for hospitals,” Vaida told TechNewsDaily.”And it’s the first one to be cleared by the FDA.”
The new FDA clearance allows the RP-VITA to help monitor patients before, during and after surgical operations. It also permits the robot’s use in critical care assessments and examinations.

But smart robots don’t come cheap. The RP-VITA would cost between $ 4,000 and $ 6,000 a month for hospitals to operate, according to the Boston Globe. Hospitals would have to weigh the costs against the possible benefits of allowing the world’s top specialists to consult on their patients face-to-face.

RP-VITA will likely go on sale within several months, Vaida said. The robot represents the first commercial product from iRobot‘s remote presence group — a unit set up to help the company expand beyond its household cleaning robots and bomb-disabling robots for the U.S. military.

A similar robot could allow retailers to remotely help customers in stores, or give security guards a remote helper to patrol large buildings from a central command center.

“You can imagine this kind of technology would be really cool for retail or security,” Vaida said.

This story was provided by TechNewsDaily, a sister site to LiveScience. Follow TechNewsDaily on Twitter @TechNewsDaily. We’re also on Facebook & Google+.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Asian shares fall, choppy after China PMI, North Korea threat

TOKYO (Reuters) - Asian shares fell on Thursday in choppy trade, as positive Chinese manufacturing data was eclipsed by North Korea threatening a nuclear test and on below-view results from Apple Inc .

"Markets see a global economic recovery trend but there is no consensus on the strength of growth, capping many markets. Equities have been clearly benefiting from accommodative monetary conditions," said Koichiro Kamei, managing director at financial research firm Market Strategy Institute.

China's HSBC flash purchasing managers' index (PMI) rose to 51.9 in January to a two-year high, signaling a rebound in manufacturing activity and confirming a recovery in the world's second largest economy was on track.

However, while the data briefly spurred markets higher, geopolitical uncertainty on the Korean peninsula and Apple's disappointing earnings dented overall demand.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was down 0.4 percent after rising as much as 0.2 percent earlier. The index briefly touched a fresh 17-1/2-month high the day before, exposing many bourses to profit taking pressures ahead of the regional earnings season set to start in earnest later this month.

The pan-Asia index's technology sector <.miapjit00pus> and the region's Apple suppliers fell after the world's largest technology company missed revenue forecast for the third straight quarter after iPhone sales undershot expectations, sending its shares down over 10 percent in after-hours trading.

A sharp drop in Apple's component suppliers such as South Korea's LG Display and Taiwan's Hon Hai dragged South Korean shares <.ks11> down 0.9 percent and Taiwan stocks <.twii> down 0.6 percent.

China shares <.ssec> surrendered strong early gains, weighing on Hong Kong <.hsi>, after North Korea said it would carry out a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".

Bucking the trend, Australian shares rose 0.5 percent <.axjo> to a fresh 21-month high after reversing morning losses after the data from China, Australia's top export market.

The data also helped push Japan's Nikkei stock average <.n225> up 1.3 percent, as firms with high exposure to the Chinese economy notching up gains. Most Japanese suppliers to Apple also recouped earlier losses.

"The underlying tone is still bullish, so even bad news about Apple or whatever doesn't hit stocks too hard," said Masato Futoi, head of cash equity trading at Tokai Tokyo Securities, adding that three days of losses spurred dip-buying. <.t/>

European markets are seen easing, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.1 percent. U.S. stock futures were down 0.3 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>

YEN BUYING HALTED

The two-day yen buying spree came to a pause. The currency's recent rebound came after the Bank of Japan's latest policy easing steps on Tuesday failed to provide immediate stimulus as expected by some investors. The BOJ pledged to achieve a 2 percent inflation target and promised to start open-ended asset buying from 2014.

The dollar rose 0.8 percent to 89.33 yen while the euro also advanced 0.8 percent to 118.93 yen. The yen is still down 12 percent from its mid-November levels, when markets began pricing in strong monetary accommodation from the BOJ.

Many market players believe the yen's weakness will persist due to widespread expectations the BOJ will continue pursuing aggressive monetary easing policies to beat the country's stubborn deflation.

"I think we will struggle to break 91, but I will still keep looking for us to trade above 90 in the short-term," said Jesper Bargmann, Asia head of G11 spot FX for RBS in Singapore, referring to the outlook for the dollar versus the yen over the next week or so.

Data on Thursday confirming a deteriorating Japanese trade balance also encouraged yen selling, traders said. Japan logged a record annual trade deficit in 2012.

Investors were aalso reminded of the challenges facing the global economy on Wednesday when the International Monetary Fund predicted that an unexpectedly stubborn euro zone recession and weakness in Japan will hurt world growth. A Reuters poll also showed Asian economies will see weaker growth this year despite expected policy easing by central banks.

U.S. crude rose 0.4 percent at $95.57 a barrel while Brent steadied at $112.78.

London copper was down 0.3 percent at $8.076 a tonne and spot gold fell 0.4 percent to $1,678.81 an ounce, slipping from a recent one-month high.

(Additional reporting by Sophie Knight in Tokyo and Masayuki Kitano in Singapore; Editing by Shri Navaratnam)

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Starchy Diets May Have Given Ancient Dogs a Paw Up

Dogs may have become man’s best friend thanks, in part, to their ability to stomach a starchy diet.

According to new genetic research, domestic dogs’ genomes better equip them to handle starches than wolves. Domestic dogs also show differences from wolves in portions of the genome linked to brain development, perhaps hinting at behavioral changes that occurred as canines became less wild.

The findings are particularly fascinating given that humans who live off farmed foods show similar genetic changes as dogs compared with humans who survive mostly by hunting and gathering, said study researcher Erik Axelsson of the department of medical biochemistry and microbiology at Uppsala University in Sweden.

“It’s cool that we’ve shared an environment for such a long time and we’ve eaten the same kind of food for such a long time, that we have started to become more similar in that way,” Axelsson told LiveScience. [10 Things You Didn't Know About Dogs]

The DNA of domestication

Dogs have been intertwined with humans for thousands of years, but no one is sure how far back the bond stretches. Humans were buried with dogs some time between about 11,000 and 12,000 years ago in Israel, perhaps the oldest agreed-upon archaeological evidence for domestication, though the remains of a possible domestic dog dating back 33,000 years were uncovered in 2012 in a cave in Siberia.

Understanding domestication is interesting in its own right, Axelsson said, but comparing wild and domesticated animals can also help researchers track down the functions of individual genes that change during the domestication process. The results may even affect research on human health. In the case of dog diet, for example, canines might be a good model for human diabetes. Dogs are already treated for cancer with experimental drugs that might someday help humans.

Axelsson and his colleagues analyzed the entire genetic codes of 12 wolves from  across the globe, as well as the genomes of 60 individual domestic dogs from 14 different breeds. They pooled the domestic pups’ results so that the genetic traits of individual breeds wouldn’t skew the findings and then compared the pet dogs to the wolves, looking for places where the genomes diverged.

This game of “spot the differences” led the scientists to focus on 36 different regions. They found that 19 of these regions contained genes crucial for brain functioning, including eight important for the development of the nervous system.

It was no surprise to see differences in brain genetics, Axelsson said, given that dogs had to modify their behavior to fit into human society. What did surprise the researchers, however, were 10 regions held genes involved with diet, specifically the breakdown of starches. Humans are well-equipped for starchy diets: Human saliva contains an enzyme called amylase, which starts breaking down starches as soon as food hits the mouth. Dog drool doesn’t have this advantage, but dogs do excrete amylase from their pancreases, allowing for the digestion of starches in the gut.

The researchers found that dogs have more copies of a gene called AMY2B, crucial for amylase production, than wolves. And in dogs, this gene is 28 times more active in the pancreas than in wolves.

Dogs also showed changes in specific genes that allow for the breakdown of maltose into glucose, another key starch digestion step, and in genes allowing for the body to make use of this glucose.

How did wolves become dogs?

The findings can’t pin down exact dates for dog domestication, but they do lend weight to one hypothesis, which is that wolves were drawn to early human settlements in order to scavenge at waste dumps, Axelsson said. Theorists have speculated that wolves that were less shy would have had an advantage, as they wouldn’t have run when humans were around. The proximity could have been the first step in domestication.

“We think that our results regarding starch digestion fit really neatly with that idea,” Axelsson said. “Being an efficient scavenger didn’t only take a special type of behavior but also a digestive system that could cope with the food that was present at the dump.”

The researchers are trying to pinpoint in more detail when the starch gene changes occurred. They’re also taking a closer look at the behavioral genes that differ between dogs and wolves.

“Now we’re also trying to take the behavioral side of the story further to try to pinpoint the genes, the individual mutations, to understand exactly how they might have changed the dog brain and dog behavior,” Axelsson said.

The researchers report their results Thursday (Jan. 24) in the journal Nature.

Follow Stephanie Pappas on Twitter @sipappas or LiveScience @livescience. We’re also on Facebook & Google+.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Asian shares retreat, Nikkei hit hard as yen stays firm

TOKYO (Reuters) - Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows in response to a firm yen.

"Asian markets have been climbing steadily and it's natural for investors to want to book profits as the region's earnings season begins in full force later this month," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.

"The uptrend remains intact given improving fundamentals globally, so selling like this is a healthy correction that may lead to putting a solid floor to prices," he said.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.3 percent after earlier reaching a 17-1/2-month high. The index has risen nearly 30 percent since a low touched in June, 2012.

The yen held firm against the dollar and the euro as monetary easing announced on Tuesday by the Bank of Japan failed to provide an immediate stimulus as some had hoped, though many analysts acknowledged the BOJ's resolve to tackle Japan's stubborn deflation and economic stagnation.

The stronger yen hurt Japanese exporters, dragging the benchmark Nikkei average <.n225> down 2.1 percent to a three-week closing low. The yen has weakened by around 12 percent since mid-November against the dollar, and boosted the Nikkei by more than 20 percent as a weaker yen improved exporters' earnings outlook. <.t/>

The BOJ on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets starting 2014, sparking an unwinding of yen short positions from speculators looking for more immediate easing step.

The dollar fell 0.6 percent to 88.20 yen while the euro slid 0.7 percent to 117.45 yen. The dollar hit a 2-1/2-year high of 90.25 yen on Monday.

Many still believe the yen will resume its recent downtrend, seeing the latest rebound in the Japanese currency as a correction to its rapid and sharp decline.

With the BOJ joining the continued push by global central banks to support growth, Morgan Stanley said in a research note that policy easing by central banks was positive for emerging markets, with more bond portfolio inflows increasingly towards local markets.

"Our key themes for 2013 are rebalancing and reflation, with both prevalent so far this year. Even given a migration towards global equities and away from fixed income, emerging market fixed income remains well-placed," it said.

Elsewhere, Hong Kong and Chinese shares were among the hardest hit as investors took profits from recent gains, with indexes faltering at technical resistances. Hong Kong <.hsi> shares slipped from a 19-1/2-month high and were down 0.4 percent while Shanghai shares <.ssec> fell 0.5 percent, moving further away from a 7-1/2 month high.

"We have risen by quite a bit in a very short time, so investors have been taking some profit in the last week or so, looking for new ideas to rotate into," said Larry Jiang, chief strategist at Guotai Junan International Securities.

Australian shares <.axjo> bucked the trend to edge up 0.2 percent to their highest close in almost 21 months after miner BHP Billiton gained after reporting a rise in quarterly iron ore production.

BETTER ENVIRONMENT

European markets are seen rising, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open as much as 0.4 percent higher. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>

On Tuesday, hopes of an improvement in the global economy led the Standard & Poor's 500 Index <.spx> to a five-year high.

Investors were also cheered by easing worries over the U.S. budget crisis.

Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit to May 19.

U.S. crude was down 0.1 percent to $96.59 a barrel and Brent eased 0.2 percent to $112.23.

Spot gold was at $1,692.66 an ounce, near Tuesday's one-month high of $1,695.76, while London copper traded down 0.3 percent at $8,107 a metric ton but clinging near a one-week high of $$8,144.50 hit on Tuesday.

(Additional reporting by Clement Tan in Hong Kong; Editing by Shri Navaratnam)

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Boehner Pressures Senate to Pass Budget or Have Pay Withheld

WASHINGTON – Despite President Obama’s call for Congress to prioritize issues like immigration reform and address climate change during his inaugural address Monday, House Speaker John Boehner said that the House of Representatives will instead continue its focus on fiscal responsibility, including a plan to balance the budget over the next decade.

“There are a lot of priorities for the Congress [and] a lot of priorities for the president, but right now the biggest issue is the debt that’s crushing the future for our kids and our grandkids,” Boehner, R-Ohio, said. “Taxpayers understand that you can’t keep spending money that you don’t have, so we’re going to continue to focus, especially here over this next 90-, 120-day period, on bringing some fiscal responsibility to Washington.”

Boehner, who conducted his first news conference since Dec. 21 this evening, said the House will move forward on its No Budget No Pay act, which directs both chambers of Congress to adopt a budget resolution for FY 2014 by April 15, 2013. If either body fails to pass a budget, members of that body would have their paychecks put into an escrow account starting on April 16 until that body adopts a budget. But, because of the 27 th Amendment, any pay that is withheld would eventually be released at the end of the current Congress, even if a budget doesn’t ever pass.

“Over the last four years, House Republicans have offered plans, our budget plans. We’ve done our budgets but it’s been nearly four years since the Senate has done a budget,” he said. “Most Americans believe you don’t do your job you shouldn’t get paid. That’s the basis for No Budget, No Pay. It’s time for the Senate to act.”

The bill, H.R. 325, also temporarily suspends the statutory debt limit until May 18, granting the Treasury Department the additional borrowing authority to meet obligations that require payment over the next three months.

Facing trillion dollar annual budget deficits, Boehner told the House Republican Conference this afternoon that the GOP will advance a budget that becomes balanced over the next 10 years.

“It’s time for us to come to a plan that will in fact balance the budget over the next 10 years,” he added. “It’s our commitment to the American people and we hope the Senate will do their budget as they should have done over the last four years.”

Still, the country’s growing $ 16 trillion federal deficit would not balance by then, and Boehner stressed that Republicans are not open to new tax revenue as part of a comprehensive plan to reduce the deficit.

“We are not going to raise taxes on the American people,” Boehner insisted. “Nobody on our side is interested in raising taxes on the American people. It’s time to deal with the serious problem that we have, which is spending.”

That is sure to be a point of contention among Democrats. House Minority Whip Steny Hoyer rejected the GOP’s doggedness that new revenue would not be part of a package to reduce the deficit.

“We absolutely reject that. The president absolutely rejects it, I reject it, period,” Hoyer, D-Md., said during a pen and pad briefing with reporters Tuesday. “Going forward, revenues are going to still need to be part of the solution, as are cuts and restraints and reduction of growth. All are going to have to be part of it.”

The House is expected to vote Wednesday on a three-month increase to the debt limit, a move intended to sync up the next slate of fiscal deadlines facing Congress and provide lawmakers with more time to work out a so-called “Big Deal” on deficit reduction.

As he left the news conference, Boehner ignored a question about whether he believes the measure will pass. Still, the president has promised not to veto it and many congressional Democrats appear open to supporting it.

“This bill is a game bill. It’s not a substantive response to a serious problem,” Hoyer said. “Having said that, I’ve made it very clear that defaulting is not an option. All the Republicans leaders believe it’s not an option. And so I think, in that context, I’ll have to look at it.”

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Asian shares rise; BOJ easing spurs volatile yen, Nikkei trading

TOKYO (Reuters) - Asian shares rose on Tuesday amid optimism over the global growth outlook, but bold easing measures from the Bank of Japan failed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.4 percent to a fresh 17-1/2-month high, while Australian shares <.axjo> ended little changed after touching a 20-month high earlier in the session. Hong Kong shares <.hsi> hovered around a 19-1/2-month peak and onshore China markets were on track to gain for a fourth-straight day.

The spotlight in Asia fell on the BOJ, which on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets, surprising markets that had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program.

"A stronger Japan is good for the global economy," said Jeremy Friesen, a commodities strategist at Societe Generale in Hong Kong. He added the stimulus plan will be more positive for base metals than energy as Japan will be building infrastructure that will boost demand for metals such as zinc and copper.

The reaction in Japanese markets, however, reinforced market perceptions that the BOJ could have done more.

The yen rebounded from brief losses and the Nikkei turned down from an initial surge as investors digested the details, including the fact that the new scheme for additional purchases will only come into effect next year. Several analysts were also of the opinion the BOJ could have taken more steps, such as scrapping the 0.1 percent floor for short-term interest rates and extending the duration of bonds the central bank buys.

Japan's benchmark Nikkei average <.n225> surged as much as 0.8 percent before giving up all gains to end down 0.4 percent. Tokyo shares have been rising in tandem with the yen's slide against major currencies on expectations for bolder BOJ steps. The Nikkei tumbled 1.5 percent on Monday after investors booked profits from the index's 2.9 percent rally on Friday. <.t/>

The dollar rose as high as 90.18 yen, but was last trading down 0.6 percent at 89.09 yen. It touched a fresh 2-1/2-year high of 90.25 on Monday. The euro rose to 120.18, before falling 0.5 percent to 118.88 yen. The euro hit its peak since May 2011 of 120.73 on Friday.

"The BOJ increase in asset purchases is only commencing in 2014. So no strong immediate increase in easing," said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore, noting stop-loss selling under 89.50 yen added to the dollar's drop.

Hiroshi Maeba, head of FX trading Japan at UBS in Tokyo, said: "It was more or less within market expectations and was not disappointing. But it also didn't top expectations because there was speculation that the BOJ would do all it can, including removing the 0.1 percent floor on short term interest rates."

Still, there is a perception in markets that even if investors rooting for much bolder BOJ steps cut their yen short positions in disappointment over the outcome, the yen's rebound was likely to be limited relative to its 13 percent decline against the dollar and a 20 percent drop versus the euro over the past two months. Such views were fed by expectations the BOJ will continue to aggressively ease monetary policy to drive Japan out of years of deflation and support the economy.

Brent crude rose 0.3 percent to $112.07 a barrel as the BOJ's latest easing action added to the recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.

European markets are seen subdued, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open flat to down as much as 0.1 percent. U.S. stock futures were up 0.2 percent, pointing to a firm Wall Street start. <.l><.eu><.n/>

General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.

Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling and shifting their negotiating leverage for spending cuts to other fiscal deadlines.

Gold was up 0.2 percent at $1,693.31 an ounce on the fresh round of easing from the BOJ.

($1 = 89.7950 Japanese yen)

(Additional reporting by Masayuki Kitano and Florence Tan in Singapore; Editing by Shri Navaratnam)

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New Asteroid-Mining Venture to Be Unveiled Tuesday

A new asteroid-mining company will unveil itself to the world on Tuesday (Jan. 22) and is expected to present an ambitious plan to exploit the resources of deep space.

The new private spaceflight company, called Deep Space Industries, Inc., will reveal its plans at 1 p.m. EST (1800 GMT) Tuesday at the Santa Monica Museum of Flying in California. The new company is the second audacious project aimed at tapping the myriad riches that asteroids harbor.

Deep Space seeks to launch “the world’s first fleet of commercial asteroid-prospecting spacecraft,” according to a press advisory the company sent to reporters. “Deep Space is pursuing an aggressive schedule and plans on prospecting, harvesting and processing asteroids for use in space and to benefit Earth.”

The company has revealed few other details thus far. It is led by David Gump, who has been involved in a number of commercial spaceflight ventures. For example, Gump headed up the now-defunct LunaCorp, a privately funded mission that sought to land a rover on the moon.

Deep Space will have some stiff competition in the asteroid-mining business — a firm called Planetary Resources, which had its own unveiling last April.

Planetary Resources has big names and big money backing it up. Its co-founders are Eric Anderson and Peter Diamandis, pioneers of the private spaceflight industry, and it counts among its investors Google execs Larry Page and Eric Schmidt, who are worth $ 16.7 billion and $ 6.2 billion, respectively.

Further, Planetary Resources’ advisers include filmmaker and adventurer James Cameron, former NASA astronaut Tom Jones and MIT planetary scientist Sara Seager.

Planetary Resources aims to extract from asteroids precious metals as well as water, which can be split into its constituent hydrogen and oxygen — the chief component of rocket fuel. The company hopes its efforts lead to the establishment of in-space “gas stations,” which could allow spaceships to top up their tanks cheaply and efficiently.

Just what Deep Space Industries plans to do should be clearer after tomorrow.

You can watch the event live here: http://www.spacevidcast.com.

Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also on Facebook and Google+. 

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Asian shares retreat from highs, yen volatile before BOJ

TOKYO (Reuters) - Asian shares pulled back from multimonth highs on Monday, while the yen firmed after touching a new low in choppy trade ahead of a Bank of Japan policy decision that is expected to deliver bold monetary easing measures.

The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> edged down 0.2 percent despite pockets of strength in Australia, Hong Kong and Shanghai. The index briefly renewed a 17-1/2-month high touched on Friday following a rebound in global equities late last week on upbeat U.S. and Chinese data, as well as signs of progress in U.S. budget talks.

The Dow Jones industrial average <.dji> and the Standard & Poor's 500 Index <.spx> ended Friday at five-year highs on a solid start to the quarterly earnings season. U.S. markets are closed on Monday for the Martin Luther King Jr. holiday.

"Asian markets are mixed with no dominant theme in place in a fairly quiet start to the week," said Stan Shamu, market analyst at IG Markets. "There hasn't been any economic data to go by in the region and therefore we've had to rely on leads from the weekend for some direction."

Australian shares <.axjo> inched up 0.1 percent to a 20-month high and Hong Kong shares <.hsi> hit a fresh 19-1/2-month peak, but underperformance in smaller bourses, such as a 2.3 percent slump in Malaysian shares <.klse>, dragged the pan-Asian index. A stronger local currency hurt exporters and weighed on South Korean shares <.ks11>.

European markets are seen tracking Friday's U.S. markets higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.4 percent. <.l><.eu/>

The BOJ's two-day policy meeting which concludes on Tuesday drew the attention of traders from several markets, with the South Korean won's gains against the yen pulling the exporter-heavy Kospi stock index <.ks11> down 0.1 percent, while gold rose 0.4 percent on expectations for aggressive BOJ easing.

Under growing political pressure to pursue bolder measures to beat deflation, speculation over the BOJ's options ranged from an open-ended commitment to buy assets until a 2 percent inflation target is achieved to simply boosting its asset buying schemes.

"There is attention on the Bank of Japan, which is really being pressured to embark on some very precious metals-friendly policy," said a Hong Kong-based trader. Tokyo's benchmark gold matched a record of 4,911 yen a gram on Monday.

Early on Monday, the dollar touched a fresh 2-1/2-year high of 90.25 yen, and the euro rose to a high of 120.27 yen, near its peak since May 2011 of 120.73 hit on Friday.

But the yen clawed back some of its losses against the dollar and the euro as traders locked in gains ahead of the outcome of the BOJ meeting. The dollar slipped back to a low of 89.42 yen and was last trading at 89.57 yen, while the euro also fell to a low of 119.08 and last traded at 119.27 yen.

"Profit taking pushed the dollar and the euro down against the yen but short covering lifted them off their lows. Trading is thin and quite volatile. I don't think there will be any clear direction until the BOJ decision," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.

Saito said "sell the fact" behavior could push the dollar down about 1 yen, but a serious disappointment on the BoJ outcome was unlikely.

Tokyo's benchmark Nikkei average <.n225> tumbled 1.5 percent as investors booked profits from the Nikkei's 2.9 percent rally on Friday, its biggest daily gain in 22 months. The Nikkei posted a 10th straight week of gains, its longest since 1987. <.t/>

Many investors largely keep short position on the yen.

"We expect the door for further easing will likely be left open irrespective of the outcome of BoJ policy meeting, either explicitly by the BOJ or implicitly through government's plan to nominate doves to replace the governor and deputy governors," Barclays Capital said in a note to clients.

Friday's data showed while currency speculators slightly cut their bets against the yen in the week to January 15, they remained overwhelmingly negative on the currency.

Asia hedge funds 2012: http://r.reuters.com/jyr35t

China GDP: http://link.reuters.com/zeq95s

Algeria's attack site: http://link.reuters.com/myn35t

Gold/USD correlation: http://r.reuters.com/ryx52s

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Oil prices took their cues from a weak consumer sentiment report in the United States, which showed a drop to the lowest in a year in January as a result of the uncertainty surrounding the country's debt crisis.

Concerns about demand overshadowed supply disruption fears, reinforced by the Islamist militant attack and hostage-taking at a gas plant in Algeria, a member of the Organization of Petroleum Exporting Countries.

U.S. crude futures fell 0.5 percent to $95.08 a barrel while Brent fell 0.3 percent to $111.55 early on Monday.

(Additional reporting by Ian Chua and Thuy Ong in Sydney and Rujun Shen in Singapore; Editing by Shri Navaratnam)

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UK scientists to mimic plants to make zero-carbon fuel

LONDON (Reuters) – British scientists seeking to tap more efficient forms of solar power are exploring how to mimic the way plants transform sunlight into energy and produce hydrogen to fuel vehicles.

They will join other researchers around the world studying artificial photosynthesis as governments seek to cut greenhouse gas emissions from fossil fuels.

The research will use synthetic biology to replicate the process by which plants concentrate solar energy to split water into hydrogen and oxygen, which is then released into the atmosphere.

“We will build a system for artificial photosynthesis by placing tiny solar panels on microbes,” said lead researcher Julea Butt at the University of East Anglia (UEA).

“These will harness sunlight and drive the production of hydrogen, from which the technologies to release energy on demand are well-advanced.”

Hydrogen is a zero-emission fuel which can power vehicles or be transformed into electricity.

“We imagine that our photocatalysts will prove versatile and that with slight modification they will be able to harness solar energy for the manufacture of carbon-based fuels, drugs and fine chemicals,” she added.

The 800,000 pound project will be undertaken by scientists from UEA and Cambridge and Leeds universities.

The scientists believe copying photosynthesis could be more efficient in harnessing the sun’s energy than existing solar converters.

CUTTING CO2

Many countries have deployed at least one kind of renewable energy, such as solar, wind power or biofuels, or use a mixture to see which becomes most competitive with fossil fuels.

But as carbon dioxide emissions continue to rise, some experts argue more extreme methods are needed to keep the average rise in global temperatures below 2 degrees Celsius this century, a threshold scientists say would avoid the most harmful effects of climate change.

“Many renewable energy supplies, such as sunlight, wind and the waves, remain largely untapped resources. This is mainly due to the challenges that exist in converting these energy forms into fuels from which energy can be released on demand,” said Butt.

Some of the more extreme methods which are being studied are controversial, such as removing large amounts of carbon dioxide from the atmosphere and geo-engineering techniques such as blocking sunlight using artificial clouds or mirrors in space.

Such technology is far from being employed on a large scale and the costs are enormous.

Critics argue these techniques manipulate the climate, are too costly, take too long to prove and governments should concentrate on more mainstream renewable energy sources.

Last year, British scientists abandoned a 1.6 million pound experiment to test the possibility of spraying particles into the upper atmosphere to stem global warming.

(Editing by David Cowell)

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Wall Street Week Ahead: Earnings, money flows to push stocks higher

NEW YORK (Reuters) - With earnings momentum on the rise, the S&P 500 seems to have few hurdles ahead as it continues to power higher, its all-time high a not-so-distant goal.

The U.S. equity benchmark closed the week at a fresh five-year high on strong housing and labor market data and a string of earnings that beat lowered expectations.

Sector indexes in transportation <.djt>, banks <.bkx> and housing <.hgx> this week hit historic or multiyear highs as well.

Michael Yoshikami, chief executive at Destination Wealth Management in Walnut Creek, California, said the key earnings to watch for next week will come from cyclical companies. United Technologies reports on Wednesday while Honeywell is due to report Friday.

"Those kind of numbers will tell you the trajectory the economy is taking," Yoshikami said.

Major technology companies also report next week, but the bar for the sector has been lowered even further.

Chipmakers like Advanced Micro Devices , which is due Tuesday, are expected to underperform as PC sales shrink. AMD shares fell more than 10 percent Friday after disappointing results from its larger competitor, Intel . Still, a chipmaker sector index <.sox> posted its highest weekly close since last April.

Following a recent underperformance, an upside surprise from Apple on Wednesday could trigger a return to the stock from many investors who had abandoned ship.

Other major companies reporting next week include Google , IBM , Johnson & Johnson and DuPont on Tuesday, Microsoft and 3M on Thursday and Procter & Gamble on Friday.

CASH POURING IN, HOUSING DATA COULD HELP

Perhaps the strongest support for equities will come from the flow of cash from fixed income funds to stocks.

The recent piling into stock funds -- $11.3 billion in the past two weeks, the most since 2000 -- indicates a riskier approach to investing from retail investors looking for yield.

"From a yield perspective, a lot of stocks still yield a great deal of money and so it is very easy to see why money is pouring into the stock market," said Stephen Massocca, managing director at Wedbush Morgan in San Francisco.

"You are just not going to see people put a lot of money to work in a 10-year Treasury that yields 1.8 percent."

Housing stocks <.hgx>, already at a 5-1/2 year high, could get a further bump next week as investors eye data expected to support the market's perception that housing is the sluggish U.S. economy's bright spot.

Home resales are expected to have risen 0.6 percent in December, data is expected to show on Tuesday. Pending home sales contracts, which lead actual sales by a month or two, hit a 2-1/2 year high in November.

The new home sales report on Friday is expected to show a 2.1 percent increase.

The federal debt ceiling negotiations, a nagging worry for investors, seemed to be stuck on the back burner after House Republicans signaled they might support a short-term extension.

Equity markets, which tumbled in 2011 after the last round of talks pushed the United States close to a default, seem not to care much this time around.

The CBOE volatility index <.vix>, a gauge of market anxiety, closed Friday at its lowest since April 2007.

"I think the market is getting somewhat desensitized from political drama given, this seems to be happening over and over," said Destination Wealth Management's Yoshikami.

"It's something to keep in mind, but I don't think it's what you want to base your investing decisions on."

(Reporting by Rodrigo Campos, additional reporting by Chuck Mikolajczak and Caroline Valetkevitch; Editing by Kenneth Barry)

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Latest Inaugural Forecast: Bit Warmer Than in 2009

Consider it the first fact check of a Barack Obama campaign pledge for his second term: Will he, or Mother Nature, deliver on promised warmer Inauguration Day weather?

It’s shaping up as a close call.

In September, while campaigning in Colorado, Obama was talking to a potential voter who mentioned he had been one of the hundreds of thousands of people outdoors at Obama‘s bone-chilling first inaugural in 2009, when the noontime temperature was 28 degrees. Obama promised: “This one is going to be warmer.”

Scientifically, the president doesn’t have control of day-to-day weather. While his policies can lessen or worsen future projected global warming on a large scale, they cannot do anything about Washington‘s daily temperature on Jan. 21.

Still, it’s a promise that for a long time looked close to a sure thing. The history of local weather was on Obama’s side.

On average, the normal high is 43 degrees and the normal low is 28, but that’s just around dawn. There have been 19 traditional January inaugurations and only two were colder. Ronald Reagan‘s second in 1985 was a frigid 7 with subzero wind chills and John F. Kennedy‘s in 1961 was a snow-covered 22. Jimmy Carter’s 1977 inauguration also was 28.

Then there was the general warming trend Washington had been stuck in. The last time the nation’s capital stayed below freezing all day was Jan. 22, 2011. The city has gone a record 700-plus days since it had 2 inches or more of snow.

An Arctic cold front looks to be racing toward the mid-Atlantic, so it will be cooler than normal on Monday, but probably not cooler than 2009, said Nikole Listemaa, a senior forecaster at the National Weather Service office in Sterling, Va., that oversees forecasts for the capital area.

Look for highs around 40 degrees with noon temperatures in the mid- to upper 30s, Listemaa said Saturday. That would keep Obama’s pledge.

There’s also a 30 percent chance of light snow showers for Monday. But the Arctic cold front won’t arrive until Monday night into Tuesday, Listemaa added.

Extreme cold on Inauguration Day, folklore says, can be a killer.

In 1841, newly elected president William Henry Harrison stood outside without a coat or hat as he spoke for an hour and 40 minutes. He caught a cold that day and it became pneumonia and he died one month after being sworn in.

Twelve years later, outgoing first lady Abigail Fillmore got sick from sitting outside on a cold wet platform as Franklin Pierce was inaugurated and she died of pneumonia at the end of the month. Doctors now know that pneumonia is caused by germs, but prolonged exposure to extreme cold weather may hurt the airways and make someone more susceptible to getting sick.

There’s one thing Washington‘s history shows. Bad weather generally creates bad traffic jams.

Kennedy found that out in his 1961 inauguration when 8 inches of snow fell overnight and crippled the city for what at that time was Washington‘s worst traffic jam. Thousands of cars were abandoned in the snow.

———

Seth Borenstein can be followed at http://twitter.com/borenbears

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