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Wikia Search Challenges Google and Yahoo
Venture Business News | 2007/03/10 10:53

The online collaboration responsible for Wikipedia plans to build a search engine to rival those of Google Inc. (GOOG.O: Quote, Profile, Research) and Yahoo Inc. (YHOO.O: Quote, Profile, Research), the founder of the popular Internet encyclopaedia said on Thursday. Wikia Inc., the commercial counterpart to the non-profit Wikipedia, is aiming to take as much as 5 percent of the lucrative Internet search market, Jimmy Wales said at a news conference in Tokyo.

"The idea that Google has some edge because they've got super-duper rocket scientists may be a little antiquated now," he said.

Describing the two Internet firms as "black boxes" that won't disclose how they rank search results, Wales said collaborative search technology could transform the power structure of the Internet.

Wales, a former futures trader who has become an evangelist for the free sharing of technology, said users could work together to improve search engines, just as Wikipedia users had tweaked and rewritten articles on the sprawling encyclopaedia.

The process of constant improvement would also make search technology less susceptible to spam, he said.

Founded in 2004 and now employing a staff of more than 30, Wikia hosts group publishing sites on a wide range of topics from psychology to the Muppets.

While Wikia gives away its tools free to users, the company requires that sites built with its resources link to Wikia.com, which makes money through advertising. 



AT&T and Yahoo! Statement Hurts The Stock
Venture Business News | 2007/03/10 10:52

Yahoo Inc. and AT&T Inc. are negotiating potentially sweeping changes that could scale back their partnership. Wall Street Journal reports that AT&T wants to trim the scope of the partnership with Yahoo! feeling that its partnership with Yahoo Inc. yields fewer benefits than in the past.

Here is the press release from AT&T

AT&T Inc. (NYSE: T), the nation's leading broadband, wireless and voice services company, and Yahoo! Inc. (Nasdaq: YHOO), a leading global Internet destination, today responded to speculation regarding their partnership.

As part of our ongoing business agreement, Yahoo! and AT&T are constantly discussing opportunities to expand our relationship and associated revenue streams. Current and future plans include:

-- Earlier this year, the companies introduced advertising on the front page of the co-branded portal;

-- Later this month, the companies are introducing advertising on their co-branded mail service;

-- AT&T and Yahoo! are discussing ways to expand the partnership in the mobile arena, now that AT&T has 100% ownership of Cingular (after its acquisition of BellSouth); and

-- Yahoo! services will be introduced into AT&T's IPTV experience later this year.

According to Randall L. Stephenson, AT&T Chief Operating Officer, "Great partnerships must continuously work together to adapt to changing market conditions and changing strategies. We consider our partnership with Yahoo! a great partnership and want to continue building on our complementary skills and expertise."

Terry Semel, Chairman and Chief Executive Officer of Yahoo! said: "Our landmark, strategic partnership set the standard and has given Yahoo! and AT&T the opportunity to create truly innovative offerings for consumers and advertisers. AT&T and Yahoo! have already made adjustments over the years to reflect competitive conditions and the relative benefits each party brings to the relationship. As we continue our conversations, we have a common goal to increase the economic benefits for both parties."



Bush ignores Chavez on Latin American tour
International | 2007/03/10 10:48

President Bush stuck to talk of trade and friendship on Saturday during a Latin American tour, ignoring provocations from ideological rival Venezuelan President Hugo Chavez. With shouts of "Gringo, Go Home!" Chavez staged a Bush protest on Friday night in Buenos Aires, the Argentine capital across the River Plate from Montevideo, where Bush arrived from Brazil on a week long, five-nation tour.

Bush refrained from mentioning his leftist nemesis when asked during a press conference after meeting with Uruguayan President Tabare Vazquez whether Chavez should be considered a threat.

"I've come to South America and Central America to advance a positive, constructive diplomacy that is being conducted by my government on behalf of the American people," Bush said.

"I would call our diplomacy quiet and effective diplomacy."

Deeply unpopular in Latin America because of the Iraq war and U.S. trade and immigration policies, Bush is pushing a softer message aimed at improving his reputation and bolstering U.S. influence in the region.

Chavez blames U.S.-backed free-market policies for increasing poverty in Latin America and has embarked on a counter-tour during Bush's visit.

Bush traveled by helicopter on Saturday to meet Vazquez at his presidential retreat in Anchorena Park, some 125 miles (200 km) west of Montevideo.



FDA warns on anemia drugs after test deaths
Legal Business | 2007/03/10 10:47

Responding to a spate of deaths in clinical trials, the Food and Drug Administration yesterday issued its most severe warning possible for drugs widely used to treat anemia in kidney disease patients and cancer patients undergoing chemotherapy.

The "black box" warnings placed on the prescribing label for Amgen Inc.'s Epogen and Aranesp and Johnson & Johnson's Procrit are expected to result in more cautious dosing by doctors.

Use of the drugs has escalated as physicians have sought to improve the quality of life of anemic patients by using them to stimulate creation of energy-boosting red blood cells. Marketing by manufacturers has reinforced the trend. But the FDA said yesterday that recent clinical trials have shown treatment beyond recommended limits increases the risk of death from heart attack and stroke in kidney patients, and of tumor growth and death in some cancer patients.

The agency advised doctors to give patients the minimum dose required to reduce the need for blood transfusions. It said antianemia drugs should not be used in an attempt to improve the quality of life of cancer patients because those claims are unproven. The FDA allowed claims of lifestyle benefits to remain for kidney patients, but said it is re-examining the validity of patient questionnaires about factors used to support the claims.

Recent concerns about the potential dangers of antianemia drugs and their overuse have been heightened by Medicare reimbursement policies for kidney dialysis treatment, which provide a profit incentive for clinics to administer more Epogen.

Medicare loosened its policy last year to let clinics get paid even if patients exceed the FDA's recommended red blood cell limits. The National Kidney Foundation -- in a set of guidelines paid for by Amgen -- suggested last year that higher targets for red blood cell counts are appropriate, citing statistical studies that showed lower mortality. The foundation is revisiting those guidelines.

The new warnings would effectively reduce the red blood cell target to about 10 grams per deciliter, compared with the upper limit of 12 grams that remains on the label, and the 13 grams permitted under last year's updated Medicare policy. The warnings are advisory, and the targets are still left up to the discretion of physicians, the FDA said.

The FDA said it has alerted Medicare to its latest findings. A spokesman at Medicare, which spends about $2 billion annually on Epogen for dialysis patients, did not respond to a phone message yesterday.

Black box warnings, said Dr. Eric P. Winer, chief of the breast cancer center at Dana-Farber Cancer Institute in Boston, will likely make doctors more cautious about prescribing antianemia drugs.

"These are drugs that have been somewhat overused. I don't think it's been without some effort on the marketing end," he said. "There has been a tendency, I think, for patients, and to some extent health providers, to attribute more fatigue to anemia than deserves to be attributed."

The warnings tarnished the image of a class of drugs that was among the biopharmaceutical industry's first big triumphs and has generated billions of dollars for Amgen and Johnson & Johnson.

Aranesp, which accounted for $4.1 billion in sales last year, is Amgen's second-generation version of the drug. Epogen, its original form, generated $2.5 billion in revenue last year, most of it in federal Medicare reimbursements for its use in dialysis treatment. Amgen makes Procrit, which is identical to Epogen, and licenses Johnson & Johnson to sell it. Procrit sales last year totaled $3.1 billion.

Amgen's stock dropped 2.1 percent to $60.86 yesterday. Johnson & Johnson stock slipped 0.7 percent to $62.14.

In November, an article in New England Journal of Medicine described a clinical trial of Procrit called CHOIR that was cut short because of higher rates of death from heart attack and stroke in kidney patients receiving larger doses. The dosing regimen in the trial pushed red blood cell counts higher than is recommended by the FDA. The results echoed a study of Epogen in kidney dialysis patients that was suspended in 1996, also due to an unexpectedly high death rate during testing.

In October, a trial of Aranesp in Danish patients with head and neck cancers was halted early because of apparent increases in tumor growth. Amgen said it told the FDA about the trial immediately, but it did not alert investors, leading to an informal review disclosed last week by the Securities and Exchange Commission . News of the suspended study was not known until it was reported in February by The Cancer Letter , a trade publication in Washington.

In February, Amgen reported on another study of Aranesp in cancer patients not undergoing chemotherapy treatment, which resulted in a higher percentage of deaths. The causes of death have not been disclosed. The FDA has scheduled a May meeting of its Oncologic Drugs Advisory Committee to discuss the new data.



Clifford takes shots at Ziegler during debate
Law Center | 2007/03/10 10:35

After a week of news reports questioning Supreme Court candidate Annette Ziegler's judicial ethics, opponent Linda Clifford wasted no time in firing the opening salvo at a debate, charging that Ziegler's record in this regard was "lacking."

After Clifford, a Madison attorney, alleged several times during Friday's debate that Ziegler likely violated the state's code of judicial ethics by hearing, as a judge, cases involving West Bend Savings - where her husband is on the board of directors and the couple have more than $3.1 million in loans from the bank - Ziegler responded.

"My family doesn't have a financial stake in any case I've served," she said. "I don't think it's my job to get out of cases on which I serve." She said she welcomed any investigation of those charges.

Ziegler also tried to turn the tables, asking whether Clifford, if elected, would recuse herself from any cases involving negligence or malpractice because Clifford's husband is a personal injury lawyer.

Clifford called Ziegler's comments a "desperate attempt to confuse the laws of conflict of interest and recusal."

Clifford stayed on the offense during the hour-long debate Friday, which was sponsored by the State Bar of Wisconsin, WisPolitics.com and others. When Ziegler, a Washington County judge, said she held all the sitting Wisconsin Supreme Court justices with "high regard," Clifford cited a fundraising letter sent out on Ziegler's behalf in January that referred to the court as an "activist arm of liberal special-interest groups."

Ziegler fought back, charging that Clifford had longtime ties to the Democratic Party and hired a private investigator to "dig up dirt" on her.

But for the most part, Ziegler sought to portray herself as the logical choice for the seat by touting her 10 years of judicial experience as a circuit court judge in Washington County while pointing out, repeatedly, that Clifford has never been a judge.

Clifford, who has practiced law for 32 years, countered that practicing attorneys and non-judges have always had a presence on the Supreme Court.

"It's experience the court now lacks but needs," she said.

Ziegler and Clifford are vying to fill the seat being vacated by Justice Jon Wilcox, who is retiring. The election is April 3.

Court observers say the court is basically split now between liberals and conservatives, with Wilcox being among the conservatives.

When asked during the debate whether such designations had any place in the courtroom, both candidates said no.

"Using terms like conservative or liberal are not appropriate," Ziegler said. "I think judicial races should be non-partisan."

Ziegler said she lives a non-partisan life, but noted Clifford's Democratic affiliations.

Clifford, in turn, said Ziegler's campaign staff is comprised of "Republican operatives and Republican-identified individuals."

Clifford said she eschews political designations because they tend to affect a judge's ability to be independent and creates a public perception about how a judge will rule.

Clifford's closing remarks included another attack on Ziegler's ethics and a reiteration of her legal experience. Ziegler offered a more homey touch, harking back to her parents' hardware store and her desire as a young girl to work the cash register.

She said her parents made her earn that role by doing less glamorous work around the store first.

In a not-so-subtle reference to Clifford's lack of judicial experience, Ziegler said: "I think you do need to work your way up."



Ecuador president demands lawmakers accept firing
International | 2007/03/09 20:41
Ecuadorean President Rafael Correa ordered 57 lawmakers on Friday to accept a court ruling that fired them, intensifying a power struggle with Congress in the politically unstable Andean country.

Ecuador's electoral court ruled this week that the 57 must step down for trying to oust the court's president in legal wrangling over proposed changes to the constitution that could weaken Congress.

The popular leftist president stepped into the fight with a speech from a balcony of the presidential palace to student supporters, who like many Ecuadoreans back his efforts to use reforms to cut the power of traditional political elites.

"Those 57 lawmakers should comply with the law for their actions and they should be replaced by their substitutes. That is the way it should be," Correa told the cheering crowd.

If the lawmakers step down, they will be replaced by members of their own parties, ensuring Congress remains an opposition body.

But the removal of more than half of the elected legislature would strip power from influential Correa opponents in a Congress which has been pivotal in ousting three presidents in the last decade.

Despite lacking support from a traditional party, Correa won power last November with a pledge to rewrite the constitution to strip Congress of much of its power.

He is a close ally of Venezuelan President Hugo Chavez, whose supporters rewrote the constitution to boost his powers soon after he was first elected.

Congress has at times accepted Correa's moves against it. But in recent weeks lawmakers have increased their opposition to a referendum on the constitution scheduled for April 15.

Congress suspended its session on Thursday after police surrounded it to enforce the court ruling.

The feud highlights the charismatic Correa's troubles governing a nation which has had eight presidents in a decade.

Still, the U.S.-educated economist is highly popular as many blame lawmakers for chronic instability in the world's top banana exporter and South America's No. 5 oil producer.


Court Overturns Turkish YouTube Ban
Venture Business News | 2007/03/09 20:40
A court in Turkey has overturned the ban it placed on the public site YouTube on Wednesday following the deletion of a video on the site perceived to be insulting to Turkey's founder Mustafa Kemal Ataturk.

Ataturk founded the modern Turkish republic in 1923 and is highly respected by Turks.

The offending video had been the latest in an ongoing battle between Turkish and Greek YouTube users on the popular video sharing portal where insulting videos and comments have been posted since the beginning of the year according to press reports.

Turkish news agency Anatolia reported Ahter Kutadgu, corporate affairs director of Turkey's main Internet provider, Turk Telekom, as saying "Once we received the court decision revoking the ban, we allowed access to YouTube."

The Turkish court ruled that it would overturn its ban if the video was removed. YouTube removed the video following protesting e-mails from Turkish users according to the Turkish press.



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