NJ’s Springsteen, Bon Jovi join Sting in Sandy concert

NEW YORK (Reuters) – New Jersey natives Bruce Springsteen and Jon Bon Jovi will join Sting and other top music stars on Friday for a special television benefit concert on NBC to aid victims of Sandy, the giant storm that killed scores and devastated large sections of the U.S. Northeast.

The Walt Disney Co meanwhile announced a $ 2 million donation for Hurricane Sandy relief efforts on Thursday, while Disney/ABC Television Group designated November 5 as a “Day of Giving” wherein viewers of network and syndicated programming would be encouraged to help.

Entertainment giant Viacom Inc. also announced a $ 1 million donation to the Mayor’s Fund NYC and local organizations.

Springsteen and Bon Jovi are both New Jersey natives who have often taken inspiration from their home state and used their star platform to highlight both its charms and challenges.

NBC said on Thursday that the commercial-free one-hour telecast, “Hurricane Sandy: Coming Together,” will air on Friday night and will include appearances by Christina Aguilera, Billy Joel, Jimmy Fallon and NBC News anchor Brian Williams.

The telethon, also to be shown on NBC Universal networks Bravo, CNBC, E!, G4, MSNBC, Style, Syfy and USA and live streamed on NBC.com, will benefit the American Red Cross, with proceeds going toward victims of Hurricane Sandy.

“Today” show anchor Matt Lauer, who announced the concert on air on Thursday, will host. Donors can also text the word REDCROSS to 90999 to make a $ 10 contribution.

On Tuesday, Springsteen tweeted a picture of the legendary Stony Pony club in New Jersey, saying “The Stone Pony stands proud despite hurricane Sandy!”

The club, at the ocean’s edge in Asbury Park, N.J., one of the shoreline communities lashed by the storm, has been associated with Springsteen since he performed there early in his career, and he continues to make appearances.

Bon Jovi cut short a promotional tour in the United Kingdom to rush back to his home state, where he established a charity restaurant several years ago.

“I really need to get back home having spoken to my wife and kids,” he told Britain’s Daily Mail before flying out of London. “I need to be with my people. Thankfully, my family are safe,” he said, adding “The devastation is off the charts.”

Large sections of the state, especially its famous coastline, were devastated by the monster storm this week.

Most of the other telethon performers are also from areas hard-hit by the storm, which killed at least 82 people in the United States and Canada and was the largest storm by area to hit the United States in decades. Millions remain without power, and emergency teams have struggled to reach the worst-hit areas.

Announcing ABC’s “Day of Giving” set for Monday, Anne Sweeney, president of Disney-ABC Television Group, said, “This coordinated effort between network and syndicated programming spanning news, daytime, primetime and late night will reach tens of millions of viewers with a specific call to action,” such as encouraging viewers to donate to the Red Cross.

(Reporting by Colleen Jenkins, and Chris Michaud; Editing by Alden Bentley and M.D. Golan)

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Older voters prefer Romney on healthcare, Medicare: Reuters/Ipsos poll

(Reuters) – As early voting proceeds across the country ahead of Tuesday’s presidential election, voters over 50 continue to be more likely than most to prefer Republican challenger Mitt Romney to President Barack Obama and to favor Romney‘s position on two issues that directly affect the elderly: healthcare and Medicare.

While Friday’s Reuters/Ipsos national tracking poll saw the candidates at an effective dead heat among all likely voters, older likely voters preferred Romney 51 percent to 43 percent during the week ending November 4.

Asked who has the better plan on healthcare, all likely voters support Obama over Romney by 42 percent to 39 percent, while older voters choose Romney, 43 percent to 39 percent. The responses on the candidates’ plans for Medicare show something similar: Obama leads among all likely voters, 42 percent to 35 percent, while Romney is ahead among older voters by 40 percent to 39 percent.

Nevertheless, when some respondents were asked to explain their preferences, they did not offer specifics about Medicare or Social Security and focused instead on the economy, which most consider the most important issue in this election, followed by unemployment. Healthcare issues rank third among older voters and the broader pool of all likely voters.

Kathy Laska, a 65-year-old retiree from Waukesha, Wisconsin, who cast an early vote for Romney, identified the economy as particularly pressing — more than healthcare. “I’m on Medicare right now. So I guess if the economy was better, we wouldn’t have to worry about healthcare,” she said.

She explained that the candidates’ healthcare differences were secondary to their economic differences.

“We need somebody who is a businessman, not a politician. Romney is a poor choice, but he is our only alternative,” she said.

For many, though, Obama’s 2010 healthcare law is a large part of their decision.

“I don’t like that Obamacare, for one thing,” Dale Reynolds, a 65-year-old retiree from Bloomington, Minnesota said. “And us old folks, we’re worried about Medicare and Social Security, and that kind of thing.”

The generation gap is especially pronounced among early voters: While Obama leads 53 percent to 42 percent among all early voters, he trails 51 percent to 44 percent with the older group. By Friday, 31 percent of older registered voters had voted, compared with 26 percent of all registered voters.

On the economy, older voters believe Romney has a better plan than Obama by an 11-point margin, while among the broader pool of likely voters Romney holds only a four-point lead.

“I’m definitely voting for Romney. I made that decision long ago. Obama said if he couldn’t get it done in three years, he didn’t deserve another one, and I believed him,” Reynolds said. “Romney’s a businessman. He knows what he’s talking about.”

While Obama leads Romney by six points on foreign policy among all likely voters, he trails by one among the older crowd.

Still, these voters are not confident Romney will win. In a recent Reuters/Ipsos poll, most registered voters said they thought Obama would prevail. Laska agreed, and Reynolds was skeptical of Romney’s chances, particularly in his home state of Minnesota, which leans toward Democrats.

“These dummies here, they’re so liberal, it’s unreal.”

The Reuters/Ipsos database is now public and searchable here: http://www.tinyurl.com/reuterspoll

(Reporting by Gabriel Debenedetti)

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Exasperation builds on Day 3 in storm-stricken NYC

NEW YORK (AP) — Frustration — and in some cases fear — mounted in New York City on Thursday, three days after Superstorm Sandy. Traffic backed up for miles at bridges, large crowds waited impatiently for buses into Manhattan, and tempers flared in gas lines.

Mayor Michael Bloomberg said the city would send bottled water and ready-to-eat meals into the hardest-hit neighborhoods through the weekend, but some New Yorkers grew dispirited after days without power, water and heat and decided to get out.

"It's dirty, and it's getting a little crazy down there," said Michael Tomeo, who boarded a bus to Philadelphia with his 4-year-old son. "It just feels like you wouldn't want to be out at night. Everything's pitch dark. I'm tired of it, big-time."

Rima Finzi-Strauss decided to take bus to Washington. When the power went out Monday night in her apartment building on the Lower East Side of Manhattan, it also disabled the electric locks on the front door, she said.

"We had three guys sitting out in the lobby last night with candlelight, and very threatening folks were passing by in the pitch black," she said. "And everyone's leaving. That makes it worse."

The mounting despair came even as the subways began rolling again after a three-day shutdown. Service was restored to most of the city, but not the most stricken parts of Manhattan and Brooklyn, where the tunnels were flooded.

Bridges into the city were open, but police enforced a carpooling rule and peered into windows to make sure each car had at least three people. The rule was meant to ease congestion but appeared to worsen it. Traffic jams stretched for miles, and drivers who made it into the city reported that some people got out of their cars to argue with police.

Rosemarie Zurlo said she planned to leave Manhattan for her sister's place in Brooklyn because her own apartment was freezing, "but I'll never be able to come back here because I don't have three people to put in my car."

With only partial subway service, lines at bus stops swelled. More than 1,000 people packed the sidewalk outside an arena in Brooklyn, waiting for buses to Manhattan. Nearby, hundreds of people massed on a sidewalk.

When a bus pulled up, passengers rushed the door. A transit worker banged on a bus window, yelled at people inside, and then yelled at people in the line.

With the electricity out and gasoline supplies scarce, many gas stations across the New York area remained closed, and stations that were open drew long lines of cars that spilled out onto roads.

At a station near Coney Island, almost 100 cars lined up, and people shouted and honked, and a station employee said he had been spit on and had coffee thrown at him.

In a Brooklyn neighborhood, a station had pumps wrapped in police tape and a "NO GAS" sign, but cars waited because of a rumor that gas was coming.

"I've been stranded here for five days," said Stuart Zager, who is from Brooklyn and was trying to get to his place in Delray Beach, Fla. "I'm afraid to get on the Jersey Turnpike. On half a tank, I'll never make it."

Photos: NYC facing daunting commute

1. 6 hrs ago

   A picture is worth a thousand words.

The worst was over at least for public transportation. The Long Island Rail Road and Metro-North were running commuter trains again, though service was limited. New Jersey Transit had no rail service but most of its buses were back.

The storm killed at least 90 people in the U.S. New York City raised its death toll on Thursday to 38, including two Staten Island boys, 2 and 4, swept from their mother's arms by the floodwaters.

In New Jersey, many people were allowed back into their neighborhoods Thursday for the first time since Sandy ravaged the coastline. Some found minor damage, others total destruction.

The storm cut off barrier islands, smashed homes, wrecked boardwalks and hurled amusement park rides into the sea. Atlantic City, on a barrier island, remained under mandatory evacuation.

More than 4.6 million homes and businesses, including about 650,000 in New York and its northern suburbs, were still without power. Consolidated Edison, the power company serving New York, said electricity should be restored by Saturday to customers in Manhattan and to homes and offices served by underground power lines in Brooklyn.

In darkened neighborhoods, people walked around with miner's lamps on their foreheads and bicycle lights clipped to shoulder bags and, in at least one case, to a dog's collar. A Manhattan handyman opened a fire hydrant so people could collect water to flush toilets.

"You can clearly tell at the office, or even walking down the street, who has power and who doesn't," said Jordan Spiro, who lives in the blackout zone. "New Yorkers may not be known as the friendliest bunch, but take away their ability to shower and communicate and you'll see how disgruntled they can get."

Some public officials expressed exasperation at the relief effort.

James Molinaro, president of the borough of Staten Island, suggested that people not donate money to the American Red Cross because the Red Cross "is nowhere to be found."

"We have hundreds of people in shelters throughout Staten Island," he said. "Many of them, when the shelters close, have nowhere to go because their homes are destroyed. These are not homeless people. They're homeless now."

Josh Lockwood, the Red Cross' regional chief executive, said 10 trucks began arriving to Staten Island on Thursday morning and a kitchen was set up to distribute meals. Lockwood defended the agency, saying relief workers were stretched thin.

"We're talking about a disaster where we've had shelters set up from Virginia to Indiana to the state Maine, so there's just this tremendous response," he said. "So I would say no one organization is going to be able to address the needs of all these folks by themselves."

In Manhattan's Chelsea neighborhood, Mary Wilson, 75, was buying water from a convenience store that was open but had no power. She said she had been without running water or electricity for three days, and lived on the 19th floor.

She walked downstairs Thursday for the first time because she ran out of bottled water and felt she was going to faint. She said she met people on the stairs who helped her down.

"I did a lot of praying: 'Help me to get to the main floor.' Now I've got to pray to get to the top," she said. "I said, 'I'll go down today or they'll find me dead.'"

___

Contributing to this story were Associated Press writers Cara Anna, Verena Dobnik, Michael Hill, Karen Matthews, Jennifer Peltz and Christina Rexrode.

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Canada will push to keep bank capital rules on schedule

OTTAWA (Reuters) – Canada will urge all countries to stick to the agreed schedule for implementing tougher bank capital rules at a November 4-5 meeting of finance ministers and central bankers from the Group of 20 nations, a senior finance ministry official said on Thursday.

The so-called Basel III rules are the world’s regulatory response to the financial crisis, forcing banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts.

They were to be phased in from January 2013 but areas such as the United States and the European Union are not yet ready and U.S. and British supervisors have criticized them as too complex to work.

The Canadian official, who briefed reports ahead of the meeting on condition that he not be named, said it was imperative that the rules, the timelines and the principles behind them be respected and said Finance Minister Jim Flaherty would make that view known to his G20 colleagues.

Canada sees the European debt crisis as the biggest near-term risk to the global economy, and it also expects the U.S. debt crisis to be top of mind at the talks, the official said.

But the meeting takes place just before the U.S. presidential election and U.S. Treasury Secretary Timothy Geithner will be absent, so it remains unclear how much the G20 can pressure Washington on that front.

Some other countries have also scaled back their delegations, raising doubts about how meaningful the meeting will be.

The official dismissed that argument, saying high-level officials substituting for their ministers allowed for extremely important issues to be addressed anyway.

He said holding each country around the table accountable to its past commitments helped keep the momentum going toward resolving global economic problems.

(Reporting by Louise Egan; Writing by David Ljunggren; Editing by M.D. Golan)

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With Christie, Obama vows, ‘We will not quit until this is done’

President Barack Obama hugs North Point Marina owner Donna Vanzant as he tours the damage in Brigantine, N.J. At …Just six days before the election, President Barack Obama toured storm-ravaged areas with New Jersey Gov. Chris Christie. He told Garden State residents struggling in the superstorm's aftermath that all of America shares their pain—and their government is there to help.

"The main message I wanted to send is the entire country has been watching what's been happening," Obama said Wednesday during a visit to the Brigantine Beach Community Center. "Everybody knows how hard Jersey's been hit."

("Except my boss," shouted Michael Henshaw, 32, a Brigantine resident who works at an insurance company. "Well, except your boss. If you need me to call, you let me know," Obama replied, drawing laughter from the room. That exchange, and many of the details in this post, are from pool reporter Reid Epstein of Politico.)

The White House told reporters that during the worst of the storm's devastation 200 people were sleeping in the center's gym, though that number has dropped to 50. The center still serves as a spot for people to get meals and take hot showers.

Obama traveled to New Jersey, which bore the brunt of the storm's wrath, with Federal Emergency Management Agency chief Craig Fugate. The president and Christie—an outspoken Mitt Romney backer—traded praise over the response to the devastating storm.

"I want to just let you know that your governor is working overtime to make sure that as soon as possible everybody can get back to normal," said Obama. "We are going to be here for the long haul. We're going to not tolerate any red tape. We're not going to tolerate any bureaucracy."

Christie, wearing a blue polar fleece jacket with "CHRIS CHRISTIE GOVERNOR" in white letters over his heart, echoed Obama's message.

"I just want to tell all of you exactly what the president just said. I know he means it," Christie said. "I want to thank the president for coming here today. It's really important to have the president of the United States acknowledge all the suffering that's going on here in New Jersey, and I appreciate it very much. We're going to work together to make sure we get ourselves through this crisis and get everything back to normal. Thank you for coming, sir."President Barack Obama and New Jersey Gov. Chris Christie (Pablo Martinez Monsivais/AP)

Aides say the president is focused on doing his job, not on the election, but the governor's praise and the seemingly smooth federal response to the storm could help him in his neck-and-neck race with Romney.

Obama and Christie took an aerial tour of some of the destruction aboard the president's Marine One helicopter before the visit to Brigantine.

In brief public remarks afterward, the governor had said of the president, "He has sprung into action immediately to help. He has worked incredibly closely with me since before the storm hit.

"It's been a great working relationship to make sure that we're doing the jobs that people elected us to do, and I cannot thank the president enough for his personal concern and compassion for our state and the people of our state."

(He also joked about those who ignored his "admonition to get the hell out of here. You are forgiven this time, but not for much longer.")

Obama returned the praise, saying Christie had been "responsive" and "aggressive" even before "this incredible storm. ... The people of New Jersey recognize that he has put his heart and soul into making sure that the people of New Jersey bounce back even stronger than before. So I just want to thank him for his extraordinary leadership and partnership."

The president added that "because of some good preparation, the loss of life was kept lower than it might have been."

He then offered his "thoughts and prayers" to those who lost loved ones. "I speak for the whole country," he said.

Both men cited the urgent need to restore power to the vast areas that lost it during the storm.

Obama, who canceled campaign events on Monday, Tuesday and Wednesday to take charge of the federal response, said he had instituted a "15-minute rule" for returning telephone calls from governors and mayors. "If they need something, we'll figure out a way to say 'yes,'" the president said.

"We will not quit until this is done," he promised.

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Clinton calls for overhaul of Syrian opposition

ZAGREB (Reuters) – The United States called on Wednesday for an overhaul of Syria‘s opposition leadership, saying it was time to move beyond the Syrian National Council and bring in those “in the front lines fighting and dying”.

Secretary of State Hillary Clinton, signaling a more active stance by Washington in attempts to form a credible political opposition to Syrian President Bashar al-Assad, said a meeting next week in Qatar would be an opportunity to broaden the coalition against him.

“This cannot be an opposition represented by people who have many good attributes but who, in many instances, have not been inside Syria for 20, 30, 40 years,” she said during a visit to Croatia.

“There has to be a representation of those who are in the front lines fighting and dying today to obtain their freedom.”

Clinton’s comments represented a clear break with the Syrian National Council (SNC), a largely foreign-based group which has been among the most vocal proponents of international intervention in the Syrian conflict.

U.S. officials have privately expressed frustration with the SNC’s inability to come together with a coherent plan and with its lack of traction with the disparate internal groups which have waged the 19-month uprising against Assad’s government.

Senior members of the SNC, Free Syrian Army (FSA) and other rebel groups ended a meeting in Turkey on Wednesday and pledged to unite behind a transitional government in coming months.

“It’s been our divisions that have allowed the Assad forces to reach this point,” Ammar al-Wawi, a rebel commander, told Reuters after the talks outside Istanbul.

“We are united on toppling Assad. Everyone, including all the rebels, will gather under the transitional government.”

Mohammad Al-Haj Ali, a senior Syrian military defector, told a news conference after the meeting: “We are still facing some difficulties between the politicians and different opposition groups and the leaders of the Free Syrian Army on the ground.”

Clinton said it was important that the next rulers of Syria were both inclusive and committed to rejecting extremism.

“There needs to be an opposition that can speak to every segment and every geographic part of Syria. And we also need an opposition that will be on record strongly resisting the efforts by extremists to hijack the Syrian revolution,” she said.

Syria’s revolt has killed an estimated 32,000. A bomb near a Shi’ite shrine in a suburb of Damascus killed at least six more people on Wednesday, state media and opposition activists said.

NEW LEADERSHIP

The meeting next week in Qatar’s capital Doha represents a chance to forge a new leadership, Clinton said, adding the United States had helped to “smuggle out” representatives of internal Syrian opposition groups to a meeting in New York last month to argue their case for inclusion.

“We have recommended names and organizations that we believe should be included in any leadership structure,” she told a news conference.

“We’ve made it clear that the SNC can no longer be viewed as the visible leader of the opposition. They can be part of a larger opposition, but that opposition must include people from inside Syria and others who have a legitimate voice which must be heard.”

The United States and its allies have struggled for months to craft a credible opposition coalition.

U.S. President Barack Obama’s administration has said it is not providing arms to internal opponents of Assad and is limiting its aid to non-lethal humanitarian assistance.

It concedes, however, that some of its allies are providing lethal assistance – a fact that Assad’s chief backer Russia says shows western powers are intent on determining Syria’s future.

Russia and China have blocked three U.N. Security Council resolutions aimed at increasing pressure on the Assad government, leading the United States and its allies to say they could move beyond U.N. structures for their next steps.

Clinton said she regretted but was not surprised by the failure of the latest attempted ceasefire, called by international mediator Lakhdar Brahimi last Friday. Each side blamed the other for breaking the truce.

“The Assad regime did not suspend its use of advanced weaponry against the Syrian people for even one day,” she said.

“While we urge Special Envoy Brahimi to do whatever he can in Moscow and Beijing to convince them to change course and support a stronger U.N. action we cannot and will not wait for that.”

Clinton said the United States would continue to work with partners to increase sanctions on the Assad government and provide humanitarian assistance to those hit by the conflict.

(Additional reporting by Ayla Jean Yackley; editing by Andrew Roche)

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Changing channels; Sony, Sharp in turnaround battle

TOKYO (Reuters) - Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the profit growth the group seeks.

Sony shares, valued at less than $12 billion, have dropped 16 percent since end-June and its 5-year credit default swaps - the cost of insuring against debt default - have jumped by almost 60 percent. The benchmark Nikkei average is down by less than 1 percent.

The maker of Bravia TVs, Vaio laptops and PlayStation game consoles, battling weak demand and tough competition, is expected to say it earned operating profit of 33.8 billion yen ($424.7 million) in its second-quarter, after losing 1.6 billion yen a year ago, according to an average estimate from five analysts on Thomson Reuters I/B/E/S.

Sony has sold a chemicals unit to state-backed Development Bank of Japan for 58 billion yen, and other asset sales may further inflate operating profit this business year. The Japanese group, which blazed a trail in the early 1980s with its Walkman portable music players, is closing the Shinagawa Technology Center, a 31-storey Tokyo office built in 1998 and may even sell the 37-storey Sony Tower, the New York headquarters of its U.S. business, according to media reports.

Sony has said it expects to reduce its global workforce by 10,000 people by end-March, around 6 percent of its total, as it seeks to lop 30 billion yen off its costs.

HIGH-RISK

Kazuo Hirai, who took over as CEO in April, has pledged to rebuild Sony around gaming, digital imaging and mobile devices, and nurture new businesses such as medical devices, as the TV business shrinks - Sony has lost close to $9 billion in TVs over the past 8 years. In late-September, Sony agreed to pay 50 billion yen to become the biggest shareholder in Olympus Corp, a world leader in medical endoscopes.

"The areas in which Sony is continuing to focus are of course high-risk, high-return markets," said JP Morgan analyst Yoshiharu Izumi in a recent report. "Although we expect (full-year) margin improvement in the electronics segment, we think it's too early to appraise a sustained recovery."

While battling weak demand for its products, fierce competition from Apple Inc and Samsung Electronics and others, Sony is also up against a strong yen and a depressed global economy.

Panasonic Corp, a rival Japanese TV maker, said on Wednesday it will lose almost $10 billion this business year as it cleans its house of risky assets - writing down billions of dollars of goodwill and assets in its mobile and energy units and preparing for more restructuring that is likely to see it shift away from money-losing TVs and other consumer electronics.

OUTLOOK DIMMER

In August, Sony cut its full-year operating profit forecast by more than a quarter to 130 billion yen, still some way above the average forecast by 19 analysts for 107 billion yen. At a net level, Sony sees annual profit of 20 billion yen, while the market prediction is for around a third of that.

"It's unclear if Sony will cut its full-year operating profit guidance, but we see considerable potential for second-half shortfalls, mainly in smartphones and games," Goldman Sachs analyst Takashi Watanabe said in a client note.

Sales of Sony's handsets, including its Xperia smartphones, are expected to have slid by more than a fifth in July-September, to below 8 million devices, a Reuters poll showed last month. [ID:nL6E8LAL10] For next year, it's forecast to sell 34.4 million mobiles, about the same as Samsung shifts each month.

The South Korean firm and Apple are also encroaching on Sony's gaming business, and Hirai has cut the forecast for annual sales of the hand-held Vita and PSP consoles to 12 million from 16 million.

After four straight years of net losses, Hirai is also hampered by weakened finances. At end-June, Sony's shareholder equity ratio fell to below 15 percent - a rate of 20 percent is generally considered a healthy minimum.

While selling off non-core assets, Sony has also spent to bolster its business portfolio - laying out $1.8 billion in four months on the Olympus stake, a cloud gaming firm and a website for doctors, but this has prompted both Moody's and Standard & Poor's to lower their long-term debt rating on the company to the second-lowest investment grade.

SHARP DOWNTURN

At rival Japanese TV maker Sharp Corp, which also announces quarterly earnings on Thursday, the need to return to profit is more urgent.

The maker of Aquos TVs has secured a $4.6 billion bank bailout, and has pledged to axe 10,000 jobs, sell assets, and return to profit. At end-June, Sharp's shareholder equity ratio was 18.7 percent.

After adding restructuring charges, valuation losses on stocks of LCD display panels and other costs, Sharp is expected to post a 400 billion yen net loss for April-September, almost double the company's estimate, the Nikkei business daily reported last week.

In front-loading those costs, and taking the hit now, Sharp may be better placed to return to profit in the current second half of the year, allowing lenders to justify the bailout.

Sharp is said to be increasing production capacity for its high-definition power-saving IGZO screens, which it hopes to sell to makers of ultrabook computers, including Lenovo Group, Dell Inc and Hewlett-Packard, Japanese media have reported.

For the second quarter, Sharp is expected to have made a 50.4 billion yen operating loss, according to the average of six analysts on Thomson Reuters I/B/E/S.

Both Sharp and Sony may also have felt the impact of a recent dispute with China over ownership of islands in the East China Sea, which triggered sometimes violent protests against Japanese products. Sharp had almost a fifth of its revenues in China, while Sony has around 8 percent of its business there.

Sharp shares have more than halved since end-June, to record lows below 150 yen. Five years ago, the stock traded at above 2,440 yen. Its market value has slumped to below $2.4 billion.

($1 = 79.5800 Japanese yen)

(Additional reporting by Reiji Murai; Editing by Ian Geoghegan)

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A Minute With: Rapper RZA putting on “Iron Fists” for new movie

LOS ANGELES (Reuters) – Rapper and music producer RZA is best known as the leader of the hip-hop group the Wu-Tang Clan which also includes such popular members as Method Man, Ghostface Killah and the late Ol’ Dirty Bastard.

RZA branched out into film, taking on small acting roles and scoring music, including the soundtrack for Quentin Tarantino‘s “Kill Bill: Vol. 1.”

Now, nearly a decade later, 43-year-old RZA has combined his childhood love of martial arts movies to co-write with Eli Roth the feature film “The Man With the Iron Fists,” which he also directs and acts in the title role.

Shot on location in China, and co-starring Russell Crowe and Lucy Liu, Iron Fists is set during the 19th century and sees several groups of warriors and assassins descend on a village in search of gold. The quiet and unassuming local blacksmith (RZA) ends up being the village defender.

RZA, whose real name is Robert Fitzgerald Diggs, sat down with Reuters in Hollywood to talk about the film and the future of the Wu-Tang Clan.

Q: You had to pull double duty, working simultaneously in front and behind the camera. How did you balance that?

A: “My spirit had to be extra strong to pull this off. It was difficult because in the morning (as the director) I’m worrying about everybody else, I’m talking fast. Then I have to get ready for the scene and I gotta sync my voice down to this guy. I gotta sync my spirit to him. He doesn’t smile once in the film. I smile. I’m not this morbid dude. He’s almost empty.”

Q: This is your biggest acting role to date. What did you learn as an actor?

A: “The thing about playing him that I could attest to as an actor was that I was lonely in China. I was personally lonely. And I think that shows on screen (in the character).”

Q: You’re in an exotic location with Russell Crowe and some of the biggest names in martial arts. How could you be lonely?

A: “I had no love, yo. You know what I mean? Going into a massage parlor is not gonna give you no love. I was yearning for it. For a brief minute there, I learned why actors fall in love with their co-stars.”

Q: How’s that?

A: “Because the only girl I had was (co-star/love interest) Jamie Chung. We all went out one night after shooting and Jamie had a guy friend with her. I looked over and I was so jealous. I felt weird. I told my buddy, ‘I’m about to punch this guy in the face!’ In that moment, I just felt that she was my woman. And the sad thing for me is, it would have been a one way street because she wasn’t interested in me at all.”

Q: Looking back on your first experience directing a studio movie, what do you think?

A: “It was hard work. It was 18 hour days. It was cold. The food was terrible sometimes and the language was an issue. But I kept it fun. I didn’t let nothing deter me from this path. I’m grateful and happy I had a chance to learn this craft and express it. I feel that out of everything I do as an artist – I make music, I write lyrics, I’m into fashion and clothing – filmmaking is the perfect medium and accumulates it all. I found what I should be doing. I matured into being this kind of person.”

Q: So many members of the Wu-Tang Clan are doing their own thing. Will you be assembling again soon for another album?

A: “Only time will tell. For now, I will say Iron Fists is Wu-Tang. We have all the members participating on the soundtrack. And if you look closely, you’ll notice that when (Rick Yune’s character) needs a second suit of knives, there are W’s on that second suit. You gotta look closely though. So the Wu-Tang is there. I made it subtly into the film so fans can enjoy it and feel the energy.”

Q: Some groups have their time in the spotlight and disappear. Others manage to evolve and stay relevant. Where is Wu-Tang at?

A: “To me, film is the medium that Wu-Tang needs to be at. I don’t think Wu-Tang needs to be in clubs while we gettin’ drunk and dancing. We need to be in theaters now where we sitting with our families and really appreciating our childhood in a different way. This is the reason why (movies like) ‘Iron Man’, ‘Captain America’, ‘Thor’, ‘The Avengers’ all work. Because we are adults who read comics and now we want our children to understand what we love.”

Q: So Iron Fists is the beginning of that for Wu-Tang – having others understand and appreciate the martial arts you all love?

A: “If Iron Fists goes over well and people accept it, we got great ideas for part two already. We’ve got a great sequel for all the characters and back stories that are so remarkable.”

Q: Sounds like you’re creating your own Marvel universe in a sense.

A: “Essentially, yes.”

(Reporting by Zorianna Kit, editing by Jill Serjeant)

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Meningitis outbreak toll: 377 illnesses, 29 deaths

An outbreak of fungal meningitis has been linked to steroid shots for back pain. The medication, made by a specialty pharmacy in Massachusetts, has been recalled.

Latest numbers from the Centers for Disease Control and Prevention:

Illnesses: 377, including nine joint infections.

Deaths: 29

States: 19; Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas and Virginia.

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Online:

CDC map: http://www.cdc.gov/hai/outbreaks/meningitis-map.html

Health News Headlines – Yahoo! News

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Sandy's death toll climbs; millions without power

NEW YORK (AP) — Millions of people from Maine to the Carolinas waited wearily for the power to come back on Tuesday, and New Yorkers found themselves all but cut off from the modern world as the U.S. death toll from Superstorm Sandy climbed to 40, many of the victims killed by falling trees.

The extent of the damage in New Jersey, where the storm roared ashore Monday night with hurricane-force winds of 80 mph, began coming into focus: homes knocked off their foundations, boardwalks wrecked and amusement pier rides cast into the sea.

"We are in the midst of urban search and rescue. Our teams are moving as fast as they can," Gov. Chris Christie said. "The devastation on the Jersey Shore is some of the worst we've ever seen. The cost of the storm is incalculable at this point."

As the storm steamed inland, still delivering punishing wind and rain, more than 8.2 million people across the East were without power. Airlines canceled more than 15,000 flights around the world, and it could be days before the mess is untangled and passengers can get where they're going.

The storm also disrupted the presidential campaign with just a week to go before Election Day.

President Barack Obama canceled a third straight day of campaigning, scratching events scheduled for Wednesday in swing state Ohio. Republican Mitt Romney resumed his campaign, but with plans to turn a political rally in Ohio into a "storm relief event."

Sandy will end up causing about $20 billion in property damage and $10 billion to $30 billion more in lost business, making it one of the costliest natural disasters on record in the U.S., according to IHS Global Insight, a forecasting firm.

Lower Manhattan, which includes Wall Street, was among the hardest-hit areas after the storm sent a nearly 14-foot surge of seawater, a record, coursing over its seawalls and highways.

Water cascaded into the gaping, unfinished construction pit at the World Trade Center, and the New York Stock Exchange was closed for a second day, the first time that has happened because of weather since the Blizzard of 1888. The NYSE said it will reopen on Wednesday.

A huge fire destroyed as many as 100 houses in a flooded beachfront neighborhood in Queens on Tuesday, forcing firefighters to undertake daring rescues. Three people were injured.

New York University's Tisch Hospital evacuated 200 patients after its backup generator failed. About 20 babies from the neonatal intensive care unit were carried down staircases and were given battery-powered respirators.

A construction crane that collapsed in the high winds on Monday still dangled precariously 74 floors above the streets of midtown Manhattan, and hundreds of people were evacuated as a precaution. And on Staten Island, a tanker ship wound up beached on the shore.

Some bridges into New York reopened, but some tunnels were closed, as were schools, Broadway theaters and the metropolitan area's three main airports, LaGuardia, Kennedy and Newark.

With water standing in two major commuter tunnels and seven subway tunnels under the East River, Mayor Michael Bloomberg said it was unclear when the nation's largest transit system would be rolling again. It shut down Sunday night ahead of the storm.

Joseph Lhota, chairman of the Metropolitan Transportation Authority, said the damage was the worst in the 108-year history of the New York subway.

Similarly, Consolidated Edison said it could take at least a week to restore electricity to the last of the nearly 800,000 customers in and around New York City who lost power.

Millions of more fortunate New Yorkers surveyed the damage as dawn broke, their city brought to an extraordinary standstill.

Photos: Superstorm Sandy wreaks havoc

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"Oh, Jesus. Oh, no," Faye Schwartz said she looked over her neighborhood in Brooklyn, where cars were scattered like leaves.

Reggie Thomas, a maintenance supervisor at a prison near the overflowing Hudson River, emerged from an overnight shift, a toothbrush in his front pocket, to find his Honda with its windows down and a foot of water inside. The windows automatically go down when the car is submerged to free drivers.

"It's totaled," Thomas said with a shrug. "You would have needed a boat last night."

Around midday, Sandy was about 120 miles east of Pittsburgh, pushing westward with winds of 45 mph, and was expected to make a turn into New York State on Tuesday night. Although weakening as it goes, the storm will continue to bring heavy rain and flooding, said Daniel Brown of the National Hurricane Center in Miami.

In a measure of the storm's immense size and power, waves on southern Lake Michigan rose to a record-tying 20.3 feet. High winds spinning off Sandy's edges clobbered the Cleveland area early Tuesday, uprooting trees, cutting power to hundreds of thousands, closing schools and flooding major roads along Lake Erie.

In Portland, Maine, gusts topping 60 mph scared away several cruise ships and prompted officials to close the port.

Sandy also brought blizzard conditions to parts of West Virginia and neighboring Appalachian states, with more than 2 feet of snow expected in some places. A snowstorm in western Maryland caused a pileup of tractor-trailers that blocked part of Interstate 68 on slippery Big Savage Mountain.

"It's like a long-tailed cat in a room full of rocking chairs up here," said Bill Wiltson, a Maryland State Police dispatcher.

The death toll climbed rapidly, and included 17 victims in New York State — 10 of them in New York City — along with five each in Pennsylvania and New Jersey. Sandy also killed 69 people in the Caribbean before making its way up the Eastern Seaboard.

In New Jersey, Sandy cut off barrier islands and wrecked boardwalks up and down the coast, tearing away a section of Atlantic City's world-famous promenade. Atlantic City's 12 waterfront casinos came through largely unscathed.

Jersey City was closed to cars because traffic lights were out, and Hoboken, just over the Hudson River from Manhattan, was hit with major flooding.

A huge swell of water swept over the small New Jersey town of Moonachie, near the Hackensack River, and authorities struggled to rescue about 800 people, some living in a trailer park. And in neighboring Little Ferry, water suddenly started gushing out of storm drains overnight, submerging a road under 4 feet of water and swamping houses.

Police and fire officials used boats and trucks to reach the stranded.

"I looked out and the next thing you know, the water just came up through the grates. It came up so quickly you couldn't do anything about it. If you wanted to move your car to higher ground you didn't have enough time," said Little Ferry resident Leo Quigley, who with his wife was taken to higher ground by boat.

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Hays reported from New York and Breed reported from Raleigh, N.C.; AP Science Writer Seth Borenstein contributed to this report from Washington. Associated Press writers David Dishneau in Delaware City, Del., Katie Zezima in Atlantic City, Emery P. Dalesio in Elizabeth City, N.C., and Erika Niedowski in Cranston, R.I., also contributed.

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