Tuesday, October 1, 2013

Merck (MRK) Laying Off Another 8,500 Employees As Patents Expires, Expects Big Charge Against Q3 Earnings getdiscountz.blogspot.com

Written By Unknown; About: Merck (MRK) Laying Off Another 8,500 Employees As Patents Expires, Expects Big Charge Against Q3 Earnings getdiscountz.blogspot.com on Tuesday, October 1, 2013

getdiscountz.blogspot.com ® Merck (MRK) Laying Off Another 8,500 Employees As Patents Expires, Expects Big Charge Against Q3 Earnings

Facing the loss of exclusivity on patents, Merck & Co., Inc. (NYSE:MRK) is laying off another 8,500 workers, just a month after the pharmaceutical giant pink-slipped 7,500 employees.




The Whitehouse Station, N.J., company is expected to reduce its global workforce of 81,000 by about 20 percent as it takes on restructuring costs of between $2.5 billion and $3 billion, including $900 million to $1.1 billion in 2013, a majority of which will be recorded in the third quarter. The company hopes to save about $2.5 billion a year by the end of 2015.


Merck, like many of its rivals, has been losing exclusive patents on a number of drug since the so-called “patent cliff” of 2012. Analysts told International Business Times even more licenses are expected to expire in 2015.


For Merck, the real damage came with the recent loss of a patent on its allergy and asthma drug Singulair, which has already been a drag on revenue.


Gone are the TV commercials that appeared throughout the mid-2000s, urging allergy sufferers to ask their doctors about Singulair. Gone, too, are the funds for expanded research into something new to replace it.


Merck is cutting staff from the marketing department and from research and development.


The company also took a hit when its animal-feed additive, Zilmax, was linked to leg weakness in cattle. Several livestock-trading bodies banned cows fed the drug last month.



Merck (MRK) Laying Off Another 8,500 Employees As Patents Expires, Expects Big Charge Against Q3 Earnings

PS4 vs. Xbox One: Consumers Prefer PS4 According To Reuters Poll getdiscountz.blogspot.com

getdiscountz.blogspot.com ® PS4 vs. Xbox One: Consumers Prefer PS4 According To Reuters Poll

Though total respondents amounted to 1,297 people, 408 were below 40 years of age. Among this group, 41 percent stated that they preferred the PS4. Only 27 percent indicated that they would opt for the Xbox One.


Overall, 26 percent of the 1,297 people that were surveyed indicated that they would prefer to buy a PlayStation 4 once Sony's next-generation console is available starting November 15. Meanwhile, 15 percent of participants stated that they would be buying an Xbox One once Microsoft's latest entry in the video game console market launches on November 22.


The sentiment reflected in these polls is likely a reaction to Microsoft's initial policies on used games and DRM, which they have since flipped on. This recent poll is merely a continuation of an overall trend. Last month, we ran a poll in conjunction with Polar, asking readers if they preferred the PS4 or the Xbox One controller. At the time, 75 percent of respondents indicated that they preferred the PS4's Dualshock 4 controller.


In July, we worked with Polar as well, asking readers which console they would prefer if they both cost $500. At the time, 80 percent indicated that they would choose the PS4 over the Xbox One. Several days later, we collaborated with Polar again on another poll, asking consumers if they would prefer the PS4 or the Xbox One if they both cost $400. Once again, 80 percent of participants indicated that they would grab a PS4 over an Xbox One at the time.


In the long run, both the PS4 and the Xbox One will both likely be huge successes. In the early going though, the court of public opinion clearly seems to favor Sony's opus over Microsoft's.


What do you think? Sound off in the comments below.


PS4 vs. Xbox One: Consumers Prefer PS4 According To Reuters Poll

Yosemite National Park Google Doodle Celebrates Park's 123rd Birthday As Federal Government Shuts Down [PHOTO] getdiscountz.blogspot.com

getdiscountz.blogspot.com ® Yosemite National Park Google Doodle Celebrates Park's 123rd Birthday As Federal Government Shuts Down [PHOTO]

Google changed its homepage logo on Tuesday to celebrate the 123rd anniversary of Yosemite National Park. However, Yosemite National Park, along with the Federal employees that care for it, will be unable to celebrate as Federal parks, and other non-essential Federal agencies, have been ordered to shut down as of 12:00 a.m. EDT Oct. 1 after the House and Senate failed to reach an agreement over a spending bill.




Tuesday’s Google Doodle features several clothing patches featuring different elements about the mark, including campgrounds, Mariposa Grove, the John Muir Trail, Junior Ranger programs and even the National Park Service. In the center of doodle is the Google logo imposed on a patch with the Half Dome granite dome formation featured in the middle. Below the Google logo are other natural formation attractions such El Capitan and the iconic U-shaped valley.


Yosemite National Park spans across the central eastern portion of California. In 1890, the park was established after the passage of a bill in the United States Congress, which proposed creating a federally-controlled and managed park that surrounded the Yosemite Grant, a plot of land set aside by the government in 1864 for preservation and public use.


However, visitors looking to celebrate the anniversary of Yosemite National Park on Tuesday will have to go elsewhere as the Federal Government shutdown continues.


Take a look at Tuesday's Google Doodle at the Google homepage. To learn more about Yosemite National Park, check out the National Park Service website.



Yosemite National Park Google Doodle Celebrates Park's 123rd Birthday As Federal Government Shuts Down [PHOTO]

Government Shutdown Could Affect Mining Industry As Workers At The Office Of Surface Mining Will Be Furloughed getdiscountz.blogspot.com

getdiscountz.blogspot.com ® Government Shutdown Could Affect Mining Industry As Workers At The Office Of Surface Mining Will Be Furloughed

A federal furlough that would result from a partial government shutdown on Tuesday would hamper regulation and safety oversight in the mining industry, Environment & Energy Publishing warned Monday.




About 960 employees from the Mine Safety and Health Administration could be placed on furlough at the Office of Surface Mining, and without an agreement on a continuing resolution to fund the government, the OSM, the nation’s top coal mine regulator, would be forced to shutter most operations.


"Given the imminent threat that emergencies present to public health and safety, it is necessary to maintain an ongoing emergency program in the event of a departmentwide shut down," said the agency's planning document.


A new stopgap measure or a formal budget is needed to appropriate money for government operations in the 2014 fiscal year, which begins Tuesday. A formal budget has been elusive for months because of disagreements between Democrats and Republicans over spending and taxes. A stalemate on the temporary spending measure -- the continuing resolution -- has come about because the GOP's tea party faction in the House is pressuring their leaders to stop the implementation of the Affordable Care Act.


As a backup, the MSHA said it would do its best to inspect mines, especially those that are hazardous and pose a threat.


“In our opinion, these expected functions meet the Department of Justice test that there be a reasonable likelihood that safety of life and property would be compromised if the functions are not performed," Joe Main, head of MSHA, said in a planning memo. He added that in the event of emergencies like a mine disaster, “additional employees would be identified to work for the duration of the emergency."



Government Shutdown Could Affect Mining Industry As Workers At The Office Of Surface Mining Will Be Furloughed

FAA Panel Recommends Easing Electronic Device Rules On Flights: Here’s What Happens Next getdiscountz.blogspot.com

getdiscountz.blogspot.com ® FAA Panel Recommends Easing Electronic Device Rules On Flights: Here’s What Happens Next

Fliers are one step closer to using their smartphones, tablets, e-readers and other personal electronic devises for the duration of a flight after industry experts delivered their long-awaited recommendations on the hot-button issue to the Federal Aviation Administration Monday.




A 28-member advisory committee composed of pilots, flight attendants, airline executives, mechanics, engineers and electronics makers suggested -- after nearly a year of deliberation and research -- that the FAA change its current rules to allow the use of many (but not all) activities on personal electronic devises from gate to gate.


“The FAA received the report and recommendations today on the expanded use of personal electronic devises,” the agency said in a statement Monday. “The administrator will review the report and determine the next steps.”


The proposed changes would mean that anyone using an e-reader book, watching a film on a tablet or listening to music on a smartphone would now be allowed to continue these activities uninterrupted from takeoff to landing, according to a source familiar with the matter. Sending and receiving text messages and emails, playing interactive online games or using Wi-Fi would still be prohibited under the recommendations, as would making phone calls. Passengers would also need to stow away laptops or DVD players for takeoff and landing so they don’t pose a physical hazard.


“You can continue watching the last episode of 'Breaking Bad' if you’ve already downloaded it, or you can finish writing the last chapter of your novel or edit your Power Point presentation,” said Henry H. Harteveldt, travel industry analyst at Hudson Crossing, LLC. “It’s good for business productivity, but what you will not be able to do is use the Internet. So from the standpoint of the passenger, it’s a partial victory.”


Harteveldt estimated that the changes would give travelers anywhere from 15 to 25 minutes of additional time with their favorite devices during the departure phase of the flight, and another 10 to 20 minutes on the descent and landing, making it very popular with business travelers and the younger demographic alike. He said there is absolutely no desire to change the ruling on voice calls, which are restricted by the Federal Communications Commission, while the use of Internet below 10,000 feet is covered by a separate FAA regulation that was never part of the current review.


The FAA has yet to release any official details on the report. What the ultimate set of rules will look like and when they will go into effect remain up to FAA Administrator Michael Huerta, who has said not to count on powering up your tablets and e-readers right away.


“There are two ways the panel could make its recommendation to the FAA,” Harteveldt said. “For one, they could recommend a certain date for all airlines to make changes. The other is to have the FAA do this on an airline-by-airline basis, which could give airlines that are faster to get their policies in place a short-term advantage in the market. Their travelers would be allowed to use their devices [during takeoff and landing], while others would still have to put them away.”


Either way, Harteveldt said not to expect any changes until early 2014 or even later, pending a lengthy government shutdown.


Fliers have long chafed under rules that require portable electronics to be turned off for takeoff and landing, largely because the FAA has failed to convince passengers that they pose a threat.


A survey released in May by the Airline Passenger Experience Association and the Consumer Electronics Association found that up to 30 percent of passengers accidentally leave their personal electronic devices on from gate to gate. So for a policy that depends on the honor system, and one that is quite often ignored, why hasn’t a plane fallen out of the sky by now due to the use of an electronic device? That’s the question many advocates have been asking for years.


Former FCC Chairman Julius Genachowski sent a letter to the FAA in December urging the agency to allow greater use of electronic devises during all phases of the flight. “They empower people to stay informed and connected with friends and family, and they enable both large and small businesses to be more productive and efficient, helping drive economic growth and boost U.S. competitiveness,” he argued.


The FAA had long claimed there were just too many unknowns about the radio signals electronics give off to allow them below 10,000 feet, even though newer planes made by Boeing Co., Airbus, Embraer SA and Bombardier Inc. are all designed to resist electronic interference. Because the pilot and cockpit crew need to focus on critical arrival and departure tasks, the agency argued that any use at lower altitudes could interfere and become a safety hazard, particularly on the older planes.


The last major review of gadgets on aircraft took place in 2006, before tablets, e-readers and most smartphones existed. At that time, the FAA found that there was “no evidence saying these devices can’t interfere with a plane, and there was no evidence saying they can.”


Many who have opined on the matter over the past seven years hoped for more conclusive results this time around. A simple yes or no on the interference question may be asking for too much, but change, it seems, is finally in the air.



FAA Panel Recommends Easing Electronic Device Rules On Flights: Here’s What Happens Next

Government Shutdown 2013: The Impact On National Parks, Museums And US Travel getdiscountz.blogspot.com

getdiscountz.blogspot.com ® Government Shutdown 2013: The Impact On National Parks, Museums And US Travel

After failing to pass a continuing resolution to fund the government Monday night, the U.S. began a partial shutdown Tuesday that could affect one group much more than others: travelers. And it’s not just the travelers themselves, but the businesses that depend on them.




“Previous experience tells us that a shutdown unnecessarily disrupts economic activity in communities large and small that depend upon travel spending for employment and tax revenue,” explained Roger Dow, president and CEO of the U.S. Travel Association.


Though furloughs are expected to have minimal effect on travel by air and land, many processes integral to the travel experience may be delayed. Moreover, several popular destinations across the country will be forced to shut their gates.


“The closure of national parks and federal historic sites to millions of travelers -- coupled with the general perception of an uncertain travel process -- would do serious and immediate harm to the economy,” Dow continued. “While we recognize that basic travel functions will continue, we are concerned that federal agencies will quickly be forced to implement shutdown policies that will damage the travel experience and derail long-term, bipartisan investments in our travel infrastructure.”


So what exactly will happen Tuesday? Here’s a look at how the shutdown will affect five components of U.S. travel.


National Parks


Anyone looking to get in an early fall trip to watch the leaves change at Yosemite, Yellowstone, Great Smoky Mountains, or any other U.S. National Park will likely find gates closed Tuesday. If it’s a park without a gated entrance (or one bisected by a major highway), visitors can expect all facilities to be shut down. Those currently camping or hiking in the parks will have just two days to vacate, depending on the remoteness of their location. But it’s not only the natural wonders that will be off limits to tourists. The National Park Service manages everything from Philadelphia’s Liberty Bell and Independence Hall to New York’s Statue of Liberty, meaning these historic sites will be shuttered to the thousands of people who visit them each day. All told, some 401 federally run parks and attractions will close until the government can reach a funding deal, potentially affecting the travel plans of millions.


Museums


The federal government shutdown will hit tourists to the nation’s capital the hardest, where all 19 museums and galleries run by the Smithsonian Institution will close their doors. To put into perspective just how many people that will affect, last week the institutions saw a combined 400,000 visitors. Monuments like the Lincoln Memorial will also be closed, as will the National Zoo, where the beloved baby panda cam will go dark. Further north in New York, two other Smithsonian-run museums will close Tuesday: the Cooper-Hewitt National Design Museum and the National Museum of the American Indian George Gustav Heye Center.


Airports


Transportation Security Administration Press Secretary Ross Feinstein has said that nonessential employees (such as himself) will be furloughed Tuesday, though the majority of employees who screen passengers and luggage will remain on the job. The agency said there is a possibility of some delays, but assured there would be the same level of security as always. All scheduled federal air traffic controllers will remain on the job, while airlines have told passengers to expect business as usual.


Passports


While the U.S. State Department will continue to issue passports and visas (funding for these services comes from fees rather than appropriations), some passport offices located in federal buildings may shut down operations. The U.S. State Department has assured that all U.S. embassies and consulates around the world will remain open, but history shows that one should expect delays. A report by the Congressional Research Service found that during the previous government shutdown in 1995-1996, 20,000 to 30,000 applications from foreigners for visas went unprocessed every day, as did another 200,000 U.S. applications for passports.


Borders


The U.S. Customs and Border Protection said it was unsure how the shutdown would affect processing, but assured that officers would remain on duty at all checkpoints Tuesday. Delays, however, may be inevitable, with staffing more limited than usual.



Government Shutdown 2013: The Impact On National Parks, Museums And US Travel

Monday, September 30, 2013

UC Berkeley Campus Evacuated After Explosion, Power Outage getdiscountz.blogspot.com

Written By Unknown; About: UC Berkeley Campus Evacuated After Explosion, Power Outage getdiscountz.blogspot.com on Monday, September 30, 2013

getdiscountz.blogspot.com ® UC Berkeley Campus Evacuated After Explosion, Power Outage

The University of California, Berkeley, has been evacuated after an explosion occurred as a result of a campuswide power outage.




According to the university, an explosion occurred as a result of a “power system failure” that began affecting the campus around 4:45 p.m. PDT. The Berkeley campus lost power from Strawberry Canyon to University Hall, as buildings including University House, the chancellor’s residence, units 1, 2 and 3, Maximino Martinez Commons and Foothill were all reported affected.


Some 90 minutes later, an explosion occurred on campus, though the exact location remains unknown. Berkeley Fire Department Chief Gil Dong tells the Daily Californian that the explosion may have originated at an underground electrical vault near Bancroft Library. He also added that multiple emergency vehicles were already on the scene.


Soon after the explosion, around 6 p.m. PDT, Berkeley officials sent out an emergency message to all students and staff canceling classes for the day and advising everyone to leave the campus as quickly as possible.


“The power outage and explosion were due to a power system failure. All are asked to leave the main campus area immediately,” Berkeley officials wrote in an emergency announcement. “The main Berkeley website is experiencing difficulties due to a power outage on campus. Classes are canceled and labs are closed.”


Currently, there is no word on what caused the UC Berkeley fire, though Christine Shaff, communications director for Facilities Services, tells the Daily Californian that the power outage and resulting explosion could have been caused by vandals attempting to strip copper from the university’s high-voltage power system.


She also added that some students and faculty are still stuck inside campus buildings, and that rescue crews are currently at work attempting to free them.


“We do know there are some people are stuck,” she said. “That’s one of our top priorities.”


Watch an eyewitness video of the UC Berkeley explosion below.



UC Berkeley Campus Evacuated After Explosion, Power Outage