UPDATE 4-NFL's Junior Seau had brain disease from blows to head

(Adds statement from Seau family)
Jan 10 (Reuters) - Junior Seau, the 12-time Pro Bowl linebacker who killed himself last year, suffered from the same debilitating brain disease diagnosed in at least two other former NFL defensive players who also committed suicide, a study released on Thursday said.
Seau, 43, died in May after shooting himself in the chest at his beachfront house in his hometown of Oceanside, California. He played mostly for the San Diego Chargers and two other teams in a 20-year career in the National Football League.
A study of Seau's brain by a team of independent researchers found he suffered from chronic traumatic encephalopathy, or CTE, likely brought on by two decades of blows to the head as a football player, the report said.
Increased awareness and knowledge about brain injuries have unsettled the National Football League, a $9 billion a year industry that rose to popularity largely from the speed and power of its athletes colliding with one another. The league has attempted to institute rule changes protecting player safety while still preserving the spectacle that fans enjoy.
CTE can be diagnosed only after death. Tissue from Seau's brain was sent to the National Institutes of Health for analysis in July, at the request of Seau's family, amid growing concern over the long-term effects of football-related head injuries.
"The final diagnosis was findings consistent with chronic traumatic encephalopathy," Dr. Russell Lonser, the lead researcher on the case, told Reuters. Lonser is chairman of the Department of Neurological Surgery at Ohio State University and led the study of Seau's brain while he was at NIH.
Patients with CTE may display symptoms "such as impulsivity, forgetfulness, depression, (and) sometimes suicidal ideation," Lonser said in the report.
Five neuropathologists - two who work for the government and three who were independent and not informed they were examining Seau - came to a consensus on the diagnosis by studying the accumulation of a protein called tau in certain areas of the brain, Lonser said.
The distribution of tau discovered in Seau's brain "is unique to CTE and distinguishes it from other brain disorders," the NIH said in a statement about the study.
Several thousand former NFL players have sued the NFL in federal court in Philadelphia, accusing the league of fraudulently concealing from players the risk of brain injury in playing professional football.
The exchange of evidence was on hold pending the NFL's motion to dismiss the case.
"While the NIH's findings have provided a measure of comfort, we remain heartbroken that Junior is no longer with us, and are deeply saddened to receive confirmation that he suffered from such a debilitating condition," Seau's family said in a statement.
Just weeks before Seau shot himself, former Atlanta Falcons safety Ray Easterling committed suicide, and family members described a long descent into dementia following his retirement from the NFL. An autopsy revealed indications of CTE.
In February 2011, four-time Pro Bowl safety Dave Duerson, who played most of his career with the Chicago Bears, shot himself in the chest. In a suicide note, he donated his brain for study, and it was found to exhibit signs of CTE.
The NFL said the result of the examination of Seau's brain underscored "the recognized need for additional research to accelerate a fuller understanding of CTE." NFL clubs have already committed a $30 million research grant to the NIH.
CTE AN 'INVISIBLE INJURY'
CTE, once known as boxer's dementia, is caused by repeated impacts to the brain, and has been found in athletes who suffered head injuries as well as members of the armed forces with concussive injuries from blast waves.
Because the mild and moderate brain injuries do not show up on CT scans or other imaging, the condition can be definitively diagnosed only through an autopsy.
The so-called "invisible injury" causes dramatic behavioral and cognitive changes. It can cause depression, aggression, impulsivity and memory loss and has been linked to suicide.
Research led by scientists at Boston University and the Veterans Administration in 2012 showed, through microscopic analysis of the brains of military veterans and young athletes, exactly how repeated head injuries cause CTE and impair mental function.
The trauma strangles blood vessels, diminishing blood flow within the brain, the scientists reported last May. It also breaks components of brain neurons called axons. Axons carry signals between neurons, so when they are damaged, brain signals peter out and thinking is impaired. CTE litters the brain with the chewed-up remnants of neurons and other cells so extensively that the brain seems to be eating itself alive.
CTE also stretches neurons, scientists led by Boston University's Ann McKee found. That stretching damages them so severely that they resemble neurons in the brain of Alzheimer's patients and are no longer functional.
Read More..

Burned by supply chain issues, Apple may again look to Sharp for future iPhone, iPad displays

Apple (AAPL) is learning that good help can be hard to find. In its eagerness to shed its reliance on Samsung (005930) as a component supplier, Apple has had difficulty in finding another vendor capable of producing displays as efficiently as its partner-turned-rival traditionally has. This past summer, the company began moving away from Sharp (SCHAY) a bit when it tapped LG Display (LPL) and AU Optronics to produce panels for its iPad mini. But now that Apple has experienced supply chain problems with the iPad mini, it could decide to give Sharp a fresh look for future devices.
[More from BGR: With BlackBerry 10, there’s no place like home]
AppleInsider reports that Topeka Capital analyst Brian White, appearing at a Sharp media briefing at the Consumer Electronics Show, said that Apple was a “prime candidate” to adopt Sharp’s IGZO technology for displays, especially since Apple “increasingly requires new innovative display technologies to compete with Samsung.” Apple has been linked to Sharp’s IGZO panels in the past when rumors suggested that Apple would use them for its long-rumored “iTV.”
Read More..

Tablet sales expected to surpass notebooks in 2013

While some have pegged 2013 as the year of the phablet, the latest report from NPD DisplaySearch paints a different picture. The firm estimates that shipments of tablet PCs will surpass 240 million units worldwide in 2013, topping notebook PC shipments, which are expected to reach 207 million, for the first time ever.
[More from BGR: Corning demonstrates the strength of Gorilla Glass 3 [video]]
Apple (AAPL) has dominated the tablet market since its inception, however NPD predicts that smaller tablets will replace the 9.7-inch iPad as the tablet market leader in 2013. The firm estimates that tablets with a screen size between 7- and 8-inches will account for nearly half the market, or 45%, compared to an estimated 17% share from 9.7-inch slates.
[More from BGR: With BlackBerry 10, there’s no place like home]
NPD previously predicted that tablet shipments would top notebook shipments in 2016. The firm’s revised expectations echo an earlier report from Digitimes that estimated tablet shipments would grow to 210 million units.
These numbers make it clear that 2013 will be the year of the tablet.
Read More..

Samsung's big push for 2013: content, corporates

LAS VEGAS (Reuters) - Samsung Electronics, the global leader in consumer smartphones, is planning two major thrusts in 2013: bulking up mobile content and moving faster into the corporate market dominated by Research in Motion.
The South Korean electronics company is investing in devices that enterprise users like corporations will endorse, with a higher level of security and reliability than general users need. In doing so, Samsung is capitalizing on doubts about the longevity of the BlackBerry as its Canadian maker struggles to revive growth.
Samsung's corporate market ambitions have advanced as the Galaxy SIII, its popular flagship smartphone, won the requisite security certifications from companies, said Kevin Packingham, chief product officer for Samsung Mobile USA.
As RIM prepares to launch its next-generation BlackBerry 10 this quarter, the company's future remains shaky. Corporate technology officers have begun to explore other smartphones, such as those by Apple Inc or Samsung.
"The enterprise space has suddenly become wide open. The RIM problems certainly fueled a lot of what the CIOs are going through, which is they want to get away from a lot of the proprietary solutions," Packingham said in an interview at the Consumer Electronics Show in Las Vegas. "They want something that integrates what they are doing with their IT systems. Samsung is investing in that area."
"It's been a focus for a long time but the products have evolved now that we can really take advantage of that," he added. "We knew we had to build more tech devices to successfully enter the enterprise market. What really turned that needle was that we had the power of the GS3."
Samsung in 2012 overtook Apple as the world's largest maker of smartphones, with a vastly larger selection of cellphones that attacked different price points and proved popular in emerging markets.
German business software maker SAP provides employees with Samsung's Galaxy S III, the larger Galaxy Note and the Galaxy Tab, SAP Chief Information Officer Oliver Bussmann said in an interview.
"The one clear trend in enterprise is the shift away from one device to multiple devices," said Bussman, who makes 10 devices available to SAP employees for official use. The list includes Apple's iPhone and iPad, Nokia Lumia and RIM's Blackberry.
"Because of the fragmentation of the Android software, we decided to go with just one Android company and we went with Samsung," he added.
Now, the Korean hardware specialist is beefing up its software - an area in which it has lagged arch-enemy Apple, which revolutionized the mobile phone from 2007 with its content-rich, developer-led iPhone ecosystem.
Packingham sees an area ripe for innovation - combining the mobile phone with Samsung's strength, the TV, which has barely evolved in the past decade.
Still, the U.S.-based executive remained cagey about Samsung's plans for content and enterprise.
"You are going to see from content services, we'll start to integrate what's happening on the big screen, what's happening on the tablet," he said.
"We know now that people like to explore content that they are watching on TV while they have a tablet in their lap, and that's going to be a big theme for this year.
Read More..

China's insurance regulator to reject $9.4 billion HSBC deal - reports

HONG KONG (Reuters) - China's insurance regulator is expected to reject HSBC's sale of its $9.4 billion (5.8 billion pounds) stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday.
The failure of the deal would be a blow to HSBC and an embarrassment to the various parties involved in a corporate deal that was set to be Asia's second-largest last year.
The China Insurance Regulatory Commission (CIRC) is likely to veto the deal due to a lack of funding, the South China Morning Post and The Wall Street Journal both said on Wednesday.
Reuters on Tuesday said that the deal was in jeopardy after state-backed China Development Bank had expressed concerns over its financing. According to the story, CDB's reluctance emerged after media reports late in December that said CP Group's payment for the deal came from outside sources.
A $1.9 billion payment by CP subsidiaries was made on December 7 as a first instalment for the deal, with the shares then transferred to CP Group, according to HSBC. Payment for the remaining amount was due after regulatory approval, which had a deadline of February 1.
CDB originally agreed to back the remaining purchase, though HSBC did not disclose the size of the loan. CDB withdrawing from the process would be a major setback for the sale, but would not necessarily kill the agreement if another funding source could be found before that deadline.
A CIRC rejection, however, would stop the second instalment and effectively end the deal.
A CIRC official told Reuters on Wednesday that there is no final outcome yet on a decision.
A spokesman for Ping An said the sale was moving ahead with normal approval procedures, while HSBC declined to comment.
Doubts over the deal's closing surfaced after the respected Chinese magazine Caixin Century Weekly reported late last month that CP Group received funding for the first payment from outside sources, naming Chinese businessman Xiao Jianhua as being among the backers.
CP Group said in a statement in December after the Caixin report that the acquisition of the Ping An shares had been legally conducted by four wholly-owned subsidiaries using "legal capital from the Charoen Pokphand Group and its subsidiaries."
A representative at a law firm representing Xiao referred Reuters to a previous statement from him denying any involvement in the CP-HSBC deal.
Read More..

Short-sellers circle stocks as confidence wavers

LONDON (Reuters) - How durable is the Wall Street bounce following last week's U.S. budget deal? Not very, some speculators believe.
Hedge funds are betting that a rally in U.S. stocks after a retreat from the "fiscal cliff" will reverse as doubts grow that politicians are ready to sacrifice party interests to keep the world's economic engine running, early data shows.
On the cusp of a January 1 deadline, Republicans and Democrats agreed a moratorium on a package of tax hikes and budget cuts critics claimed would tip the United States back into recession.
The news triggered sharp gains in the S&P 500 index <.spx>, which rose 2.5 percent to 1,462 points on January 2. But the momentum is fading, leading some funds and analysts to predict a tough near-term outlook for U.S. equities.
"The recent rally is an opportunity to open promising short positions. Taxes are going up in some shape and form and spending will have to be reduced," said Athanasios Ladopoulos, chief investment officer of hedge fund firm Swiss Investment Managers. "Both feed into negative sentiment down the road."
Data measuring demand to borrow U.S. shares - a proxy for the level of short-selling, or bets on a share price fall - reflects expectations that markets will falter when the next bout of negotiations collides with talks to extend a $16.4 trillion national debt ceiling in February.
According to Sungard Astec Analytics, the aggregate value of U.S. shares on loan rose by 3 percent to $358 billion in the week to January 4, as skeptical funds bet on falls in consumer confidence and company earnings.
That compares with a peak of $404 billion, seen in June when the Federal Reserve rowed back on employment predictions and cut 2012 economic growth forecasts to 2.4 percent from 2.9 percent.
By contrast, the aggregated value of shares in the FTSE 100 <.ftse> on loan fell 4 percent to $1.4 billion in the week to January 4, while the equivalent for the STOXX Europe 600 <.stoxx> dropped 3 percent to $6.6 billion.
Because such bets are struck privately, it's tough to pinpoint exactly when shares are expected to fall. Some bets may be pegged to the impending corporate earnings season, while others will be timed to exploit February's looming fiscal cliff worries.
SHORT, SHARP SHOCK
But even top stock market performers are seen suffering share price volatility until a compromise on cuts and taxes is reached.
Short-sellers are speculators who borrow shares then sell them in the hope of being able to buy them back at a cheaper price, before returning the stock to the original owner.
"While we are positive on U.S. equities for the year, the possibility of a short, sharp contraction on news flow is material in our view," equity strategists at BNP Paribas warned in a note, arguing equity valuations looked over-optimistic.
"The trailing price-to-earnings ratio of 15 times is above long-term averages and earnings growth has slowed to a crawl at best, compared with a consensus forecast for 10 percent," the note said.
Stock lenders - typically long-term investors such as pension funds who can earn a fee by loaning out a stock at little risk to themselves - have also spotted an increased appetite to bet on falling stock prices and have raised the cost to borrow shares by 5 basis points (bps) to about 75 bps on aggregate over the first week of 2013, Astec data shows.
This brings borrowing rates closer to the 78 bps average earned on U.S. equity lending in 2012.
"There is much unfinished business ... not to mention the much bigger question about how the U.S. can meet its long term spending commitments in the face of an ageing population," Ian Kernohan, economist at Royal London Asset Management said.
"Given the polarized nature of U.S. politics at the moment, trying to sort all this out will be an uphill task."
The S&P 500, which rose 13.4 percent in 2012, closed 0.3 percent down at 1,457 on Tuesday. Some commentators say much of the recent growth in U.S. stocks is not due to an influx of optimistic buyers, but short-sellers closing out old bets from 2012 before embarking on a fresh set of short positions.
NOT MAINSTREAM
Heavily-shorted firms like $3.7 billion-valued U.S. Steel Corp and $1.9 billion Advanced Micro Devices saw volumes of stock on loan drop by 15.1 percent to 17.5 percent and 18.6 percent to 14.6 percent respectively in the past month.
This data from financial information firm Markit supports the argument that bears, not bulls, are perversely largely responsible for driving the recent upward move in U.S. stocks.
Certainly a negative view is not mainstream for the year as a whole.
The consensus forecast from respondents to a Reuters poll in December was for the S&P 500 to finish 2013 close to its lifetime high of 1,576.09 set in October 2007.
But signs of fresh short-selling coupled with Friday's underwhelming December jobs data is putting pressure on market optimists.
Speaking at an investment forum hosted by asset manager Notz Stucki on Tuesday, Anatole Kaletsky, a financial economist and Reuters columnist, said cyclical factors such as weak housing markets have been major headwinds but there was evidence these have been neutralised.
But it may take time for this view to be adopted by many consumers. A Reuters/IPSOS online poll of U.S. consumers on Monday found four-fifths of respondents were bracing for another economic downturn.
Additional data from Markit showed sharp increases in demand to short a range of U.S. stocks who stand to lose from a dip in consumer sentiment.
But the list of the 30 most heavily-shorted U.S. names in the week to January 4 spans most sectors including pharmaceuticals, machinery and aerospace & defence, indicating broader pessimism in the market as well as cyclical or stock-specific concerns.
The volume of bets on a fall in the share price of $7.75 billion Tiffany & Co for instance shot up 17 percent last week to 6.4 percent, more than double the 3 percent average short interest on individual S&P stocks.
Demand to short leisure dot-com TripAdvisor Inc was up 11.6 percent to 5.2 percent and Dr Pepper Snapple Group Inc saw stock volumes on loan jump 15.1 percent to 7.8 percent.
"I am of the opinion that when Q4 earnings season starts investors will come to realise that the prospects for 2013 are not that bright," Ladopoulos said. "When the market turns down, it will take with it many of those too optimistic investors."
Read More..

FTSE 100 hits highest level since May 2008

LONDON, Jan 9 (Reuters) - Britain's blue-chip share index
hit its highest point since May 2008 on Wednesday, resuming its
January rally after a two-day pause, led up by the banking
sector.
At 1505 GMT, the FTSE 100 was up 58.38 points, or 1
percent, at 6,112.01, breaking through the 2011 high of
6,105.77. Lloyds Banking Group led banking sector
gainers after being upgraded by UBS.
A positive open on Wall Street had helped the FTSE extend
its early gains, while exporters also received a boost earlier
in the session after sterling fell to a one-month low against
the dollar.
Read More..