UnitedHealth forecasts 2013 profit below Wall St view












(Reuters) – UnitedHealth Group Inc , the largest U.S. private health insurer, said on Monday it expected 2013 earnings of $ 5.25 to $ 5.50 per share, below analysts‘ expectations.


Revenue should be $ 123 billion to $ 124 billion, the company said, higher than the Wall Street target. UnitedHealth gave the forecast in a statement ahead of a Tuesday meeting with analysts and investors.












Analysts had expected 2013 earnings of $ 5.58 per share on revenue of $ 119.12 billion, according to Thomson Reuters I/B/E/S.


UnitedHealth said during a quarterly conference call in October that analysts’ estimates for 2013 were too high, citing the weak economy and government efforts to rein in the deficit. At that time, the consensus was for earnings of $ 5.60 per share.


UnitedHealth has a history of exceeding its forecast, Oppenheimer analyst Michael Wiederhorn said in a research note. “Overall, we believe UNH’s outlook will prove conservative,” he wrote.


Wiederhorn said it was not immediately clear if the Wall Street consensus outlook for 2013 revenue was comparable and included sales from Brazil’s Amil Participacoes SA , which it acquired for $ 4.9 billion.


UnitedHealth also reaffirmed its 2012 outlook for earnings of $ 5.20 to $ 5.25 per share.


(Reporting by Caroline Humer; Editing by Lisa Von Ahn and Jeffrey Benkoe)


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Cyber Monday sales poised to hit $1.5B



Americans are returning to work today after the extended Thanksgiving weekend just in time for Cyber Monday, the biggest online shopping day of the year. 

Shoppers are expected to spend more than $1.5 billion today, up 20 percent from last year, according to research firm comScore. 



It has already been a big holiday weekend with a record $59.1 billion spent at U.S. stores and websites, according to the National Retail Federation.



Online sales on Thanksgiving Day, traditionally not a popular day for online shopping, rose 32 percent from last year to $633 million, according to comScore. And online sales on Black Friday were up 26 percent from the same day last year, to $1.042 billion. It was the first time online sales on Black Friday surpassed $1 billion.



The National Retail Federation says 247 million shoppers hit stores and websites to cash in on savings during the holiday weekend, up 9 percent from last year. Nearly two-thirds of those shoppers went to stores or hit the web on Black Friday.



Black Friday is now history along with Small Business Saturday. Now, it's Cyber Monday's turn.



At midnight, Amazon.com was offering as much as 60 percent off a Panasonic VIERA 55-inch TV that's usually priced higher than $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is offering 75 percent off diamond earrings.



"Cyber Monday is really all about doing your homework, and it really means looking for the really good deals" retail analyst Marshal Cohen said. "If it's a really good deal, grab it."



But Cyber Monday might be losing its luster. The busiest day for Internet shopping has been overshadowed this year by online sales that started as early as Thanksgiving Day.



"Look for Cyber Monday to be important, but not necessarily getting that same growth rate that they've had in years past," Cohen said.



The rise in smartphones and tablets has changed consumers' shopping habits since Cyber Monday's inception seven years ago. Cyber Monday was first widely publicized by Shop.org in 2005 to persuade shoppers to buy online, as people were still warming to e-commerce.



"There were so many deals being offered online, starting from Wednesday and all the way through the weekend and now some of the money has already been spent," Cohen said.



Cyber Monday is also an easier alternative for people who don't like long lines and chaos that comes with the Black Friday weekend. This season proved to be no different from past Black Friday horror stories.



A man suspected of shoplifting two DVD players from a Lithonia, Ga., Walmart Sunday died after an altercation with two store employees and a contract security guard.



When officers arrived at the scene, they found the employees on top of the middle-aged man, according to a police report obtained by ABC News affiliate WSB-TV. When an officer bent down to handcuff the suspect, he noticed there was no resistance.



At that point, the officer noticed the suspect was bleeding from the nose and mouth, according to the report. He was transported to DeKalb Medical-Hillandale Hospital, where he was pronounced dead.



"This is truly a sad situation," Dianna Gee, a Walmart spokeswoman, said in a statement issued to ABC News. "We don't know all of the facts right now. We're in the process of working with law enforcement to determine all of the facts and cooperating and providing any information we have to assist in the investigation."



Gee said the contract security guard will no longer be providing services to the retailer. The two store employees have been suspended with pay while Walmart assists police in the investigation.



ABC News' Alyssa Newcomb, Susana Kim, ABC News Radio and The Associated Press contributed to this report.

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“Searching for Sugar Man,” “First Cousin Once Removed” Win at International Documentary Festival












LOS ANGELES (TheWrap.com) – “Searching for Sugar Man” is continuing to find critical acclaim.


Malik Benjelloul‘s documentary about musician Rodriguez, who abandoned music only to find his career resuscitated after becoming hugely popular in South Africa, won the Best Music Documentary award at the International Documentary Film Festival Amsterdam, the festival said Friday.












“Sugar Man” also took home the Audience award.


Alan Berliner’s documentary “First Cousin Once Removed,” about his uncle’s struggle with Alzheimer’s disease, also scored big, winning for Best Feature-Length Documentary.


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Cyber Monday sales poised to hit $1.5B



Americans are returning to work today after the extended Thanksgiving weekend just in time for Cyber Monday, the biggest online shopping day of the year. 

Shoppers are expected to spend more than $1.5 billion today, up 20 percent from last year, according to research firm comScore. 



It has already been a big holiday weekend with a record $59.1 billion spent at U.S. stores and websites, according to the National Retail Federation.



Online sales on Thanksgiving Day, traditionally not a popular day for online shopping, rose 32 percent from last year to $633 million, according to comScore. And online sales on Black Friday were up 26 percent from the same day last year, to $1.042 billion. It was the first time online sales on Black Friday surpassed $1 billion.



The National Retail Federation says 247 million shoppers hit stores and websites to cash in on savings during the holiday weekend, up 9 percent from last year. Nearly two-thirds of those shoppers went to stores or hit the web on Black Friday.



Black Friday is now history along with Small Business Saturday. Now, it's Cyber Monday's turn.



At midnight, Amazon.com was offering as much as 60 percent off a Panasonic VIERA 55-inch TV that's usually priced higher than $1,000. Sears is offering $430 off a Maytag washer and dryer, each on sale for $399. And Kmart is offering 75 percent off diamond earrings.



"Cyber Monday is really all about doing your homework, and it really means looking for the really good deals" retail analyst Marshal Cohen said. "If it's a really good deal, grab it."



But Cyber Monday might be losing its luster. The busiest day for Internet shopping has been overshadowed this year by online sales that started as early as Thanksgiving Day.



"Look for Cyber Monday to be important, but not necessarily getting that same growth rate that they've had in years past," Cohen said.



The rise in smartphones and tablets has changed consumers' shopping habits since Cyber Monday's inception seven years ago. Cyber Monday was first widely publicized by Shop.org in 2005 to persuade shoppers to buy online, as people were still warming to e-commerce.



"There were so many deals being offered online, starting from Wednesday and all the way through the weekend and now some of the money has already been spent," Cohen said.



Cyber Monday is also an easier alternative for people who don't like long lines and chaos that comes with the Black Friday weekend. This season proved to be no different from past Black Friday horror stories.



A man suspected of shoplifting two DVD players from a Lithonia, Ga., Walmart Sunday died after an altercation with two store employees and a contract security guard.



When officers arrived at the scene, they found the employees on top of the middle-aged man, according to a police report obtained by ABC News affiliate WSB-TV. When an officer bent down to handcuff the suspect, he noticed there was no resistance.



At that point, the officer noticed the suspect was bleeding from the nose and mouth, according to the report. He was transported to DeKalb Medical-Hillandale Hospital, where he was pronounced dead.



"This is truly a sad situation," Dianna Gee, a Walmart spokeswoman, said in a statement issued to ABC News. "We don't know all of the facts right now. We're in the process of working with law enforcement to determine all of the facts and cooperating and providing any information we have to assist in the investigation."



Gee said the contract security guard will no longer be providing services to the retailer. The two store employees have been suspended with pay while Walmart assists police in the investigation.



ABC News' Alyssa Newcomb, Susana Kim, ABC News Radio and The Associated Press contributed to this report.

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Body of Turkish ex-leader shows signs of poisoning: paper












ISTANBUL (Reuters) – An autopsy on the exhumed body late President Turgut Ozal, who led Turkey out of military rule in the 1980s, has revealed evidence of poisoning, a newspaper reported on Monday.


There had long been rumors Ozal, who died of heart failure in 1993 aged 65, was murdered by militants of the “deep state” – a shadowy nationalist strain within the Turkish establishment of the day. He had angered some with his efforts to end the Kurdish conflict and survived on assassination bid in 1988.












His body, dug up last month on the orders of prosecutors investigating suspicions of foul play in his death, contained the banned insecticide DDT and the related compound DDE at ten times the normal level, Today’s Zaman cited sources from the state Forensic Medicine Institute (ATK) as saying.


“Ozal was most likely poisoned with four separate substances,” the paper reported the sources as saying, also naming the toxic metal cadmium and the radioactive elements americium and polonium as substances found in Ozal’s remains.


Forensic institute officials declined to comment.


Ozal, whose economic reforms easing the grip of the state on business helped shape modern Turkey, was in poor health. After undergoing a triple heart bypass operation in the United States in 1987, he kept up a grueling schedule and remained overweight until he died.


His moves to end a Kurdish insurgency and create a Turkic union with central Asian states have been cited as motives for would-be enemies in “deep state“, in which security establishment figures and criminal elements colluded.


It was Turkey’s military leaders who appointed him as a minister after a period of military rule following a 1980 coup.


He went on to dominate Turkish politics as prime minister from 1983 to 1989. Parliament then elected him president, but those close to him believe his reform efforts displeased some in the security establishment.


While prime minister, Ozal survived an assassination attempt by a right-wing gunman in 1988 when he was shot at a party congress, injuring a finger.


Turkish political history has been littered with military coups, alleged anti-government plots and extra-judicial killings. A court is currently trying hundreds of people suspected of links to a nationalist underground network known as “Ergenekon” accused of plotting to overthrow the government.


A media report at the start of November said Ozal’s autopsy had revealed high levels of the pesticide strychnine, but the ATK subsequently denied the report.


The head of the ATK has said the institute aims to complete its work in December and that its report would be handed over to prosecutors.


(Reporting by Seda Sezer; Writing by Daren Butler; Editing by Nick Tattersall)


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Facebook not so fun with a click from boss or mum












LONDON (Reuters) – Posting pictures of yourself plastered at a party and talking trash online with your Facebook friends may be more stress than it’s worth now that your boss and mum want to see it all.


A survey from Edinburgh Business School released on Monday showed Facebook users are anxious that all those self-published sins may be coming home to roost with more than half of employers claiming to have used Facebook to weed out job candidates.












“Facebook used to be like a great party for all your friends where you can dance, drink and flirt,” said Ben Marder, author of the report and fellow in marketing at the Business School.


“But now with your Mum, Dad and boss there, the party becomes an anxious event full of potential social landmines.”


On average, people are Facebook friends with seven different social circles, the report found, with real friends known to the user offline the most common.


More than four-fifths of users add extended family on Facebook, a similar number add siblings. Less than 70 percent are connected to friends of friends while more than 60 percent added their colleagues online, despite the anxiety this may cause.


Facebook has settings to control the information seen by different types of friends, but only one third use them, the report said.


“I’m not worried at all because all the really messy pics – me, drunken or worse – I detag straight away,” said Chris from London, aged 30.


People were more commonly friends with former boyfriends or girlfriends than with current ones, the report also found.


(Reporting By Dasha Afanasieva, editing by Paul Casciato)


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UN climate talks open in Qatar












DOHA, Qatar (AP) — U.N. talks on a new climate pact resumed Monday in oil and gas-rich Qatar, where negotiators from nearly 200 countries will discuss fighting global warming and helping poor nations adapt to it.


The two-decade-old talks have not fulfilled their main purpose: reducing the greenhouse gas emissions that scientists say are warming the planet.












Attempts to create a new climate treaty failed in Copenhagen three years ago but countries agreed last year to try again, giving themselves a deadline of 2015 to adopt a new treaty.


A host of issues need to be resolved by then, including how to spread the burden of emissions cuts between rich and poor countries. That’s unlikely to be decided in the Qatari capital of Doha, where negotiators will focus on extending the Kyoto Protocol, an emissions deal for industrialized countries, and trying to raise billions of dollars to help developing countries adapt to a shifting climate.


“We all realize why we are here, why we keep coming back year and after year,” said South Africa Foreign Minister Maite Nkoana-Mashabane, who led last year’s talks in Durban, South Africa. “We owe it to our people, the global citizenry. We owe it to our children to give them a safer future than what they are currently facing.”


The U.N. process is often criticized, even ridiculed, both by climate activists who say the talks are too slow, and by those who challenge the scientific near-consensus that the global temperature rise is at least partly caused by human activity, primarily the burning of fossil fuels like coal and oil.


The concentration of greenhouse gases such as carbon dioxide has jumped 20 percent since 2000, according to a U.N. report released last week.


A recent projection by the World Bank showed temperatures are on track to increase by up to 4 degrees C (7.2 F) this century, compared with pre-industrial times, overshooting the 2-degree target that has been the goal of the U.N. talks.


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Egypt’s Mursi faces judicial revolt over decree












CAIRO (Reuters) – Egyptian President Mohamed Mursi faced a rebellion from judges who accused him on Saturday of expanding his powers at their expense, deepening a crisis that has triggered violence in the street and exposed the country’s deep divisions.


The Judges’ Club, a body representing judges across Egypt, called for a strike during a meeting interrupted with chants demanding the “downfall of the regime” – the rallying cry in the uprising that toppled Hosni Mubarak last year.












Mursi’s political opponents and supporters, representing the divide between newly empowered Islamists and their critics, called for rival demonstrations on Tuesday over a decree that has triggered concern in the West.


Issued late on Thursday, it marks an effort by Mursi to consolidate his influence after he successfully sidelined Mubarak-era generals in August. The decree defends from judicial review decisions taken by Mursi until a new parliament is elected in a vote expected early next year.


It also shields the Islamist-dominated assembly writing Egypt’s new constitution from a raft of legal challenges that have threatened the body with dissolution, and offers the same protection to the Islamist-controlled upper house of parliament.


Egypt’s highest judicial authority, the Supreme Judicial Council, said the decree was an “unprecedented attack” on the independence of the judiciary. The Judges’ Club, meeting in Cairo, called on Mursi to rescind it.


That demand was echoed by prominent opposition leader Mohamed ElBaradei. “There is no room for dialogue when a dictator imposes the most oppressive, abhorrent measures and then says ‘let us split the difference’,” he said.


“I am waiting to see, I hope soon, a very strong statement of condemnation by the U.S., by Europe and by everybody who really cares about human dignity,” he said in an interview with Reuters and the Associated Press.


More than 300 people were injured on Friday as protests against the decree turned violent. There were attacks on at least three offices belonging to the Muslim Brotherhood, the movement that propelled Mursi to power.


POLARISATION


Liberal, leftist and socialist parties called a big protest for Tuesday to force Mursi to row back on a move they say has exposed the autocratic impulses of a man once jailed by Mubarak.


In a sign of the polarization in the country, the Muslim Brotherhood called its own protests that day to support the president’s decree.


Mursi also assigned himself new authority to sack the prosecutor general, who was appointed during the Mubarak era, and appoint a new one. The dismissed prosecutor general, Abdel Maguid Mahmoud, was given a hero’s welcome at the Judges’ Club.


In open defiance of Mursi, Ahmed al-Zind, head of the club, introduced Mahmoud by his old title.


The Mursi administration has defended the decree on the grounds that it aims to speed up a protracted transition from Mubarak’s rule to a new system of democratic government.


Analysts say it reflects the Brotherhood’s suspicion towards sections of a judiciary unreformed from Mubarak’s days.


“It aims to sideline Mursi’s enemies in the judiciary and ultimately to impose and head off any legal challenges to the constitution,” said Elijah Zarwan, a fellow with The European Council on Foreign Relations.


“We are in a situation now where both sides are escalating and its getting harder and harder to see how either side can gracefully climb down.”


ADVISOR TO MURSI QUITS


Following a day of violence in Cairo, Alexandria, Port Said and Suez, the smell of tear gas hung over the capital’s Tahrir Square, the epicentre of the uprising that toppled Mubarak in 2011 and the stage for more protests on Friday.


Youths clashed sporadically with police near the square, where activists camped out for a second day on Saturday, setting up makeshift barricades to keep out traffic.


Al-Masry Al-Youm, one of Egypt’s most widely read dailies, hailed Friday’s protest as “The November 23 Intifada”, invoking the Arabic word for uprising.


But the ultra-orthodox Salafi Islamist groups that have been pushing for tighter application of Islamic law in the new constitution have rallied behind Mursi’s decree.


The Nour Party, one such group, stated its support for the Mursi decree. Al-Gama’a al-Islamiya, which carried arms against the state in the 1990s, said it would save the revolution from what it described as remnants of the Mubarak regime.


Samir Morkos, a Christian assistant to Mursi, had told the president he wanted to resign, said Yasser Ali, Mursi’s spokesman. Speaking to the London-based Asharq Al-Awsat newspaper, Morkos said: “I refuse to continue in the shadow of republican decisions that obstruct the democratic transition”.


Mursi’s decree has been criticized by Western states that earlier this week were full of praise for his role in mediating an end to the eight-day war between Israel and Palestinians.


“The decisions and declarations announced on November 22 raise concerns for many Egyptians and for the international community,” State Department spokeswoman Victoria Nuland said.


The European Union urged Mursi to respect the democratic process.


(Additional reporting by Omar Fahmy, Marwa Awad, Edmund Blair and Shaimaa Fayed and Reuters TV; Editing by Jon Hemming)


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Rolling Stones return to mark 50 years in music












LONDON (Reuters) – The Rolling Stones take to the stage later on Sunday after a five-year hiatus to celebrate the golden jubilee of one of the most successful and enduring bands in rock and roll history.


Now in their mid-60s to early 70s, lead singer Mick Jagger, guitarists Keith Richards and Ronnie Wood and drummer Charlie Watts will perform five concerts – two at the O2 Arena in London on November 25 and 29 and three in the United States next month.












Joining them at the O2 on Sunday will be former band members Bill Wyman and Mick Taylor, the first time the two ex-Stones have performed with the group in more than 20 years.


And in a fresh announcement on Saturday, American R&B singer-songwriter Mary J. Blige and guitar great Jeff Beck have also been added to the lineup as special guests.


The flamboyant veterans behind a string of hits including “(I Can’t Get No) Satisfaction”, “You Can’t Always Get What You Want” and “Jumpin’ Jack Flash” have promised a “stunning” gig lasting more than two hours.


A sellout crowd of some 20,000 people is expected, in spite of widespread complaints from fans at ticket prices that ranged from 95 pounds ($ 150) to up to 950 pounds for a VIP seat.


Costs went far higher on secondary ticketing websites, although by Friday eBay was offering several seats to Sunday’s show at below face value and there were places still officially available at around 400 pounds apiece.


The band has defended the prices, saying that the shows are expensive to put on, although Billboard, a specialist music publication, reported that the quartet would be paid $ 25 million for the four shows first announced. A fifth was added later.


BURST OF ACTIVITY


The concerts are the culmination of a busy few months of events, rehearsals and recordings to mark 50 years since the blues-infused rockers first took to the stage at the Marquee Club on London‘s Oxford Street in July, 1962.


There has been a photo album, two new songs, a music video, a documentary film, a blitz of media appearances and a handful of warm-up gigs in Paris.


The O2 Arena was where another top band of the 1960s and 70s, Led Zeppelin, staged an eagerly awaited one-off reunion in 2007, and while the Stones have appeared together far more regularly, it is their first arena performance in six years.


One factor behind the long break has been Wood’s struggle with alcohol addition, according to Rolling Stone magazine, while Jagger and Richards also fell out over comments the guitarist made about the singer in a 2010 autobiography.


“We can’t get divorced – we’re doing it for the kids!” joked Richards in a recent interview after apologizing to Jagger.


While the rock and roll excesses of the swinging 60s and 70s are in the past for the band, and their very best songs may be behind them, music critics praised their recent single “Doom and Gloom” from the “GRRR!” greatest hits album just released.


And there have been hints from the band that the five gigs which wind up at the Newark Prudential Center on December 15 may not be the end of their reunion.


“Once the juggernaut starts rolling, it ain’t gonna stop,” Richards told Rolling Stone. “So without sort of saying definitely yes – yeah. We ain’t doing all this for four gigs!”


(Reporting by Mike Collett-White, editing by Paul Casciato)


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Bangladesh’s worst-ever factory blaze kills over 100












DHAKA (Reuters) – Fire swept through a garment factory on the outskirts of Bangladesh‘s capital killing more than 100 people, the fire brigade said on Sunday, in the country’s worst-ever factory blaze.


Working conditions at Bangladeshi factories are notoriously poor, with little enforcement of safety laws, and overcrowding and locked fire doors are common. The cause of this fire was not immediately known.












The blaze at the nine-storey Tazreen Fashion factory in the Ashulia industrial belt of Dhaka started on the ground floor late on Saturday and spread, trapping hundreds of workers.


“So far, the confirmed death toll is 109, including nine who died by jumping from the building,” Mizanur Rahman, deputy director of the fire brigade, told Reuters.


Witnesses said the workers, mostly women, ran for safety as the fire engulfed the plant but were unable to get through narrow exits.


“Many jumped out from the windows and were injured, or died on the spot,” Milon, a resident, said.


Most of the bodies were burnt beyond recognition and authorities had started burials while mourning relatives scrambled to find their loved ones, officials and witnesses said.


Unofficial sources put the number of dead at more than 120. Most of the bodies were found on the second floor, Rahman said.


Bangladesh has around 4,500 garment factories and is the world’s biggest exporter of clothing after China, with garments making up 80 percent of its $ 24 billion annual exports.


This was the highest ever death toll in a Bangladeshi factory fire. In 2006, 84 people were killed in a blaze in the southern port of Chittagong where fire exits had been blocked.


More than 300 factories near the capital shut for almost a week earlier this year as workers demanded higher wages and better working conditions.


(Editing by Nick Macfie)


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