Govt seeks Trai's opinion on cable monopolies

NEW DELHI: The government has sought broadcast regulator Trai's views to prevent monopolistic operations by cable operators and multi-system operators, expressing concern that it might have serious implications in terms of competition, pricing and healthy growth of the cable TV sector in the market.

In a statement, the information and broadcasting (I&B) ministry said, "It has been observed that cable TV distribution is virtually monopolized in some states as operation of the entire cable TV network is dominated by a single entity. At present, there are no restrictions on the issue of accumulation of interest in terms of market share in a city, district, state or country by individual MSOs and LCOs in the cable sector."

MSOs and cable operators are free to operate in any area of their choice after obtaining registration from the ministry. "It is felt that such monopolies may not be in the interest of consumers and may have serious implications in terms of competition, pricing and healthy growth of cable TV sector in that market," the ministry said.

The ministry has requested Trai to provide its recommendations on whether "in order to ensure fair competition, improved quality of service, and equity, should any restriction be imposed on MSOs/LCOs to prevent monopolies/accumulation of interest? If yes, what restrictions should be imposed and what should be the form, nature and scope of such restrictions?" The regulator will also explore the necessity of amending the Cable Television Networks (Regulation) Act, 1995.

MSOs and cable operators are required to be registered with local post offices to be able to operate in the permitted areas of registration. However, as per recent amendments in the Cable Television Networks (Regulation) Amendment Rules 2012, it has become mandatory for MSOs to register with the I&B ministry to operate.

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Study: People worldwide living longer, but sicker


LONDON (AP) — Nearly everywhere around the world, people are living longer and fewer children are dying. But increasingly, people are grappling with the diseases and disabilities of modern life, according to the most expansive global look so far at life expectancy and the biggest health threats.


The last comprehensive study was in 1990 and the top health problem then was the death of children under 5 — more than 10 million each year. Since then, campaigns to vaccinate kids against diseases like polio and measles have reduced the number of children dying to about 7 million.


Malnutrition was once the main health threat for children. Now, everywhere except Africa, they are much more likely to overeat than to starve.


With more children surviving, chronic illnesses and disabilities that strike later in life are taking a bigger toll, the research said. High blood pressure has become the leading health risk worldwide, followed by smoking and alcohol.


"The biggest contributor to the global health burden isn't premature (deaths), but chronic diseases, injuries, mental health conditions and all the bone and joint diseases," said one of the study leaders, Christopher Murray, director of the Institute of Health Metrics and Evaluation at the University of Washington.


In developed countries, such conditions now account for more than half of the health problems, fueled by an aging population. While life expectancy is climbing nearly everywhere, so too are the number of years people will live with things like vision or hearing loss and mental health issues like depression.


The research appears in seven papers published online Thursday by the journal Lancet. More than 480 researchers in 50 countries gathered data up to 2010 from surveys, censuses and past studies. They used statistical modeling to fill in the gaps for countries with little information. The series was mainly paid for by the Bill & Melinda Gates Foundation.


As in 1990, Japan topped the life expectancy list in 2010, with 79 for men and 86 for women. In the U.S. that year, life expectancy for men was 76 and for women, 81.


The research found wide variations in what's killing people around the world. Some of the most striking findings highlighted by the researchers: — Homicide is the No. 3 killer of men in Latin America; it ranks 20th worldwide. In the U.S., it is the 21st cause of death in men, and in Western Europe, 57th.


— While suicide ranks globally as the 21st leading killer, it is as high as the ninth top cause of death in women across Asia's "suicide belt," from India to China. Suicide ranks 14th in North America and 15th in Western Europe.


— In people aged 15-49, diabetes is a bigger killer in Africa than in Western Europe (8.8 deaths versus 1 death per 100,000).


— Central and Southeast Asia have the highest rates of fatal stroke in young adults at about 15 cases per 100,000 deaths. In North America, the rate is about 3 per 100,000.


Globally, heart disease and stroke remain the top killers. Reflecting an older population, lung cancer moved to the 5th cause of death globally, while other cancers including those of the liver, stomach and colon are also in the top 20. AIDS jumped from the 35th cause of death in 1990 to the sixth leading cause two decades later.


While chronic diseases are killing more people nearly everywhere, the overall trend is the opposite in Africa, where illnesses like AIDS, malaria and tuberculosis are still major threats. And experts warn again shifting too much of the focus away from those ailments.


"It's the nature of infectious disease epidemics that if you turn away from them, they will crop right back up," said Jennifer Cohn, a medical coordinator at Doctors Without Borders.


Still, she acknowledged the need to address the surge of other health problems across Africa. Cohn said the agency was considering ways to treat things like heart disease and diabetes. "The way we treat HIV could be a good model for chronic care," she said.


Others said more concrete information is needed before making any big changes to public health policies.


"We have to take this data with some grains of salt," said Sandy Cairncross, an epidemiologist at the London School of Hygiene and Tropical Medicine.


He said the information in some of the Lancet research was too thin and didn't fully consider all the relevant health risk factors.


"We're getting a better picture, but it's still incomplete," he said.


___


Online:


www.lancet.com


http://healthmetricsandevaluation.org


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Rice Withdraws From Sec. of State Consideration


ap susan rice tk 121128 wblog Susan Rice Withdraws From Secretary Of State Consideration; Kerry Emerges As Top Contender

Image Credit: Evan Vucci/AP Photo


UN Ambassador Susan Rice has withdrawn her name from consideration for Secretary of State, saying the criticism surrounding her comments on Benghazi had become an “irresponsible distraction.”


“I am fully confident that I could serve our country ably and effectively in that role,” Rice wrote in a letter to President Obama today. “However, if nominated, I am now convinced that the confirmation process would be lengthy, disruptive and costly – to you and to our most pressing national and international priorities.”


Read Susan Rice’s letter to President Obama


“That trade-off is simply not worth it to our country,” she added.


Rice has been criticized by Republicans for her response to questions on the Sunday talk shows shortly after the terrorist attack on the U.S. consulate in Benghazi killed four Americans.


“The position of Secretary of State should never be politicized,” Rice wrote. “As someone who grew up in an era of comparative bipartisanship and as a sitting U.S. national security official who has served in two U.S. Administrations, I am saddened that we have reached this point, even before you have decided whom to nominate. We cannot afford such an irresponsible distraction from the most pressing issues facing the American people.”


Sources tell ABC News that even before Rice withdrew her name from consideration to be Secretary of State earlier today, Senator John Kerry, D-Mass., had emerged as the leading contender, with the president convinced he would be the better Secretary of State.


The president is all but certain to nominate Kerry, sources say, though no official decision has been made.


The position of Secretary of Defense is not as far along in the process, but sources say former Sen. Chuck Hagel, R-Neb., seems to have an edge right now over other possible candidates such as former undersecretary of defense for policy Michelle Flournoy and deputy Secretary of Defense Ashton Carter.


The CIA director slot, sources say, will go to either acting director Michael Morrell or White House counterterrorism adviser John Brennan.


President Obama, who publicly defended Rice on several occasions, has accepted her decision to remove her name from the running.


“I have every confidence that Susan has limitless capability to serve our country now and in the years to come, and know that I will continue to rely on her as an advisor and friend,” Obama said in a written statement. 


“While I deeply regret the unfair and misleading attacks on Susan Rice in recent weeks, her decision demonstrates the strength of her character, and an admirable commitment to rise above the politics of the moment to put our national interests first,” he said. “The American people can be proud to have a public servant of her caliber and character representing our country.”


Two Republican members of Congress who had adamantly opposed Rice’s potential nomination both reacted quickly.


Sen. Lindsey Graham, R-SC., tweeted, “I respect Ambassador Rice’s decision.” And a spokesperson for Sen. John McCain, R-Ariz., wrote, “Senator McCain thanks Ambassador Rice for her service to the country and wishes her well. He will continue to seek all the facts surrounding the attack on our consulate in Benghazi that killed four brave Americans.”


–Jake Tapper and Mary Bruce

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North Korea rocket launch raises nuclear stakes


SEOUL/TOKYO (Reuters) - North Korea successfully launched a rocket on Wednesday, boosting the credentials of its new leader and stepping up the threat the isolated and impoverished state poses to opponents.


The rocket, which North Korea says put a weather satellite into orbit, has been labeled by the United States, South Korea and Japan as a test of technology that could one day deliver a nuclear warhead capable of hitting targets as far away as the continental United States.


"The satellite has entered the planned orbit," a North Korean television news reader clad in traditional Korean garb announced, after which the station played patriotic songs with the lyrics "Chosun (Korea) does what it says".


The rocket was launched just before 10 a.m. (0100 GMT), according to defense officials in South Korea and Japan, and was more successful than a rocket launched in April that flew for less than two minutes.


The North American Aerospace Defense Command (NORAD), a joint U.S.-Canadian military organization, said that the missile had "deployed an object that appeared to achieve orbit".


North Korea followed what it said was a similar successful launch in 2009 with a nuclear test that prompted the U.N. Security Council to stiffen sanctions that it originally imposed in 2006 after the North's first nuclear test.


North Korea is banned from developing nuclear and missile-related technology under U.N. resolutions, although Kim Jong-un, the youthful head of state who took power a year ago, is believed to have continued the state's "military first" programs put in place by his late father, Kim Jong-il.


North Korea hailed the launch as celebrating the prowess of all three members of the Kim family to rule since it was founded in 1948.


"At a time when great yearnings and reverence for Kim Jong-il pervade the whole country, its scientists and technicians brilliantly carried out his behests to launch a scientific and technological satellite in 2012, the year marking the 100th birth anniversary of President Kim Il Sung," its KCNA news agency said. Kim Il Sung, the current leader's grandfather, was North Korea's first leader.


The United States condemned the launch as "provocative" and a breach of U.N. rules, while Japan's U.N. envoy called for a Security Council meeting. However, diplomats say further tough sanctions are unlikely from the Security Council as China, the North's only major ally, will oppose them.


"The international community must work in a concerted fashion to send North Korea a clear message that its violations of United Nations Security Council resolutions have consequences," the White House said in a statement.


U.S. intelligence has linked North Korea with missile shipments to Iran. Newspapers in Japan and South Korea have reported that Iranian observers were in the North for the launch, something Iran has denied.


Japan's likely next prime minister, Shinzo Abe, who is leading in opinion polls ahead of an election on Sunday and who is known as a hawk on North Korea, called on the United Nations to adopt a resolution "strongly criticizing" Pyongyang.


A North Korean Foreign Ministry spokesman reiterated that the rocket was a "peaceful project".


"The attempt to see our satellite launch as a long-range missile launch for military purposes comes from hostile perception that tries to designate us a cause for security tension," KCNA cited the spokesman as saying.


"STUMBLING BLOCK"


China had expressed "deep concern" prior to the launch which was announced a day after a top politburo member, representing new Chinese leader Xi Jinping, met Kim Jong-un in Pyongyang.


On Wednesday, its tone was measured, regretting the launch but calling for restraint on any counter-measures, in line with a policy of effectively vetoing tougher sanctions.


"China believes the Security Council's response should be cautious and moderate, protect the overall peaceful and stable situation on the Korean peninsula, and avoid an escalation," Chinese Foreign Ministry spokesman Hong Lei told journalists.


Bruce Klingner, a Korea expert at the Heritage Foundation, said: "China has been the stumbling block to firmer U.N. action and we'll have to see if the new leadership is any different than its predecessors."


A senior adviser to South Korea's president said last week it was unlikely there would be action from the United Nations and Seoul would expect its allies to tighten sanctions unilaterally.


Kim Jong-un, believed to be 29 years old, took power when his father died on December 17 last year and experts believe the launch was intended to commemorate the first anniversary of his death. The April launch was timed for the centennial of the birth of Kim Il Sung.


Wednesday's success puts the North ahead of the South which has not managed to get a rocket off the ground.


"This is a considerable boost in establishing the rule of Kim Jong-un," said Cho Min, an expert at the Korea Institute of National Unification.


There have been few indications the secretive and impoverished state, where the United Nations estimates a third of people are malnourished, has made any advances in opening up economically over the past year.


North Korea remains reliant on minerals exports to China and remittances from tens of thousands of its workers overseas.


Many of its 22 million people need handouts from defectors, who have escaped to South Korea, for basic medicines.


Given the puny size of its economy - per capita income is less than $2,000 a year - one of the few ways the North can attract world attention is by emphasizing its military threat.


It wants the United States to resume aid and to recognize it diplomatically, although the April launch scuppered a planned food deal.


The North is believed to be some years away from developing a functioning nuclear warhead although it may have enough plutonium for about half a dozen nuclear bombs, according to nuclear experts.


It has also been enriching uranium, which would give it a second path to nuclear weapons as it sits on big natural uranium reserves.


"A successful launch puts North Korea closer to the capability to deploy a weaponized missile," said Denny Roy, a senior fellow at the East-West Center in Hawaii.


"But this would still require fitting a weapon to the missile and ensuring a reasonable degree of accuracy. The North Koreans probably do not yet have a nuclear weapon small enough for a missile to carry."


The North says its work is part of a civil nuclear program although it has also boasted of it being a "nuclear weapons power".


(This story has been refiled to clarify reference to NORAD in paragraph five)


(Additional reporting by Jumin Park and Yoo Choonsik in SEOUL; David Alexander, Matt Spetalnick and Paul Eckert in WASHINGTON; Linda Sieg in TOKYO, Sui-Lee Wee and michael Martina in BEIJING,; Rosmarie Francisco in MANILA; Writing by David Chance; Editing by Raju Gopalakrishnan and Robert Birsel)



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Swimming: Lochte strikes double gold






ISTANBUL: US swim star Ryan Lochte bagged two golds on the opening day of the world shortcourse championships on Wednesday to add to the five medals he won in the London Olympics in the summer.

The American first led from start to finish to win the men's 200m freestyle before he teamed up with Anthony Ervin, James Feigen and Matthew Grevers to win the 4x100m freestyle relay.

Lochte was pushed hard by Germany's world record holder Paul Biedermann in the 200m freestyle, but he clocked 1min 41.92sec to claim his 15th career world short course championships gold medal.

The second gold was secured in a much tougher contest and needed anchor leg swimmer Grevers to chase down and overtake Russia's Artem Lobuzov and then hold off the late charge of Italy's Filippo Magnini to secure Lochte's 16th gold medal in the championships history.

Those two golds saw the US team sit atop the medals standings at the end of day one, with the USA women adding a third gold by winning the final race of the day, the 4x200m freestyle relay.

The quartet of Megan Romano, Chelsea Chenault, Shannon Vreeland and Allison Schmitt were pushed all the way by Russia, but Schmitt's greater strength over the final 200m brought them home in front.

Elsewhere it was a good day for eastern European women. Hungary's Katinka Hosszu set a competition record of 2:02.20 when she won gold in the 200m buttefly and in doing so became the first Hungarian woman to win a medal in championship history.

Hosszu returned to the pool 30 minutes later to overhaul compatriot Zsuzsanna Jakabos in the final stages of the women's 400m individual medley and win bronze behind Great Britain's Hannah Miley and Ye Shiwen of China.

Lithuania's 15-year-old Olympic champion Ruta Meilutyte meanwhile twice broke the championship record on her way to the 50m breaststroke final. In the morning session she finished in 29.56 and then lowered it 29.51 in the semifinal.

-AFP/ac



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Heavy snowfall, storm warning in Himachal

MANALI: High hills of Himachal would get heavy snowfall while some parts may witness snow storms on Thursday and Friday. Meteorological department has warned that the effect of fresh western disturbance would be seen on the entire state.

After lower regions of Himachal, including Shimla and Manali received first snowfall of the season on Tuesday, the state witnessed coldest night with Keylong freezing at -8.5 degrees celsius. Minimum temperature of Kalpa and Manali was -5.4 and -3 degrees celsius, the coldest in this season. Shimla (2.6), Sundarnagar (1.3), Bhuntar (1.7), Dharamshala (7.4), Una (4.7), Mandi (4.3), Nahan (5.4), Palampur (4.5) and Solan (0.5) also reeled under severe cold conditions. Most of the parts of state woke up to white layer of frost on ground.

Met department director Manmohan Singh said western disturbance that brought snowfall on Tuesday has receded and a fresh western disturbance would show its effect after December 13. "High hills of the state would get more snowfall while mid and low hills may experience rain with thundershowers."

On Thursday, sky was crystal clear which triggered the fresh wave of cold in Himachal. According to experts, the calm weather is just a beginning of the storm that is going to strike on state on Thursday.

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Congress examines science behind HGH test for NFL


WASHINGTON (AP) — A congressional committee has opened a hearing to examine the science behind a human growth hormone test the NFL wants to start using on its players.


Nearly two full seasons have passed since the league and the players' union signed a labor deal that set the stage for HGH testing.


The NFL Players Association won't concede the validity of a test that's used by Olympic sports and Major League Baseball, and the sides haven't been able to agree on a scientist to help resolve that impasse.


Among the witnesses before the House Oversight and Government Reform Committee on Wednesday is Pro Football Hall of Fame member Dick Butkus. In his prepared statement, Butkus writes: "Now, let's get on with it. The HGH testing process is proven to be reliable."


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Why Mass Shooters Often Wear Masks













The Oregon mall shooter was dressed all in black and his face was covered by a white hockey mask.


The mask, the black clothes, the age of the gunman and a weapon are becoming a familiar and deadly pattern.


The gunman, 22-year-old Jacob Tyler Roberts of Portland, is one of a string of killers before him, including Aurora shooter James Holmes, who chose to wear black and cover their faces with masks.


Hero Saves Customer At Mall Shooting


For these cold-hearted killers, the costume bolsters their confidence and power as they carry out their depraved fantasies, said Dr. Mary Ellen O'Toole, a retired FBI profiler.


"They're doing it because it's a role. It's almost like a big game and like they're the puppet master. They've got the control, the power, the weapons," she told ABCNews.com.


"The biggest thing for a mass shooter is the control and empowerment for the shooting," said former FBI agent and ABC News consultant Brad Garrett. "It isn't uncommon for a shooter to wear a costume, or sometimes simply to dress in black.... He went there being someone other than who he is in reality because it gives him power."


From the costume to his age and ethnicity, Roberts fit the mold of who FBI profilers expected the shooter to be.








Oregon Mall Shooting: 'Killing of Total Strangers' Watch Video









Oregon Mall Shooting: Woman on Macy's Employee's Heroism Watch Video









Oregon Mall Shooting: At Least 3 People Dead Watch Video





"Its clear the majority [of shooters] are white males, but we can't say anything statistical about that," O'Toole said, pointing to the Virginia Tech shooting, which was perpetrated by a Korean, and the Red Lake shooting, where the gunman was Native American.


Nevertheless, she acknowledged the preponderance of whites among the list of mass killers.


"I think it's a question that needs to be put out there," O'Toole said


There is one thing that can be predicted, however -- age. Most mass shooters are between the ages of 15 and 25, O'Toole said.


"This is where we see young men acting out in a different way," she said, citing increased levels of testosterone. "It has to do with their biological make-up and development."


Garrett said that the age period between 15 to 25 years can also be a time when young men might feel the world is passing them by, stifling what they could have been. The desire to be remembered, he said, can be a factor that can cause unstable young men to kill.


They may have thoughts of, "I can be more than I am if you didn't stop me," Garrett said, adding that the "you" didn't necessarily refer to a specific individual.


Shooting Was Survivor's Second Brush With Death


Psychiatric issues are another commonality with mass killers, said Garrett.


"The idea that you can walk into a mall or any other location and shoot people is very intoxicating for these people. They typically do not feel empowered during the day," he said. "Depression, manic depression play into feelings of inadequacy."


As Roberts walked through the Clackamas Town Center, intent on killing as many people as possible, witnesses said he was looking straight ahead, shooting along the way.


PHOTOS: Oregon Mall Shooting


Two people were killed and one wounded before Roberts took his own life.


While investigators try to piece together what made Roberts snap, O'Toole warned the cycle of gun violence will continue.


"Somewhere, there is a male in this age range thinking of outdoing the shooter in Aurora and outdoing the shooter in Oregon and they are watching this and saying, 'I am going to do it.'"


ABC News' Colleen Curry and Jared Weiner contributed to this report



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Egyptian army to host unity talks as crisis deepens


CAIRO (Reuters) - Egypt's army chief will host national unity talks on Wednesday, seeking to end a growing political and economic crisis in the Arab world's most populous nation.


The meeting scheduled for 1430 GMT was called in response to a wave of protests since President Mohamed Mursi awarded himself sweeping powers on November 22 to push through a new constitution shaped by his Islamist allies, which is due to go to a referendum on Saturday.


"We will not speak about politics nor about the referendum. Tomorrow we will sit together as Egyptians," armed forces chief and Defense Minister Abdel Fattah al-Sisi said at a gathering of army and police officials on Tuesday.


Mursi and the Muslim Brotherhood, which propelled him to power in a June election, were expected to attend, while the main opposition coalition said it would decide on Wednesday morning whether to participate. The opposition stayed away from an earlier reconciliation meeting called by Mursi last weekend.


Outside the presidential palace - where anti-Mursi protesters are demanding the Islamist postpone the vote on a constitution they say does not represent all Egyptians - there was skepticism tinged with some hope.


"Talks without the cancellation of the referendum - and a change to the constitution to make it a constitution for all Egyptians and not the Brotherhood - will lead to nothing and will be no more than a media show," said Ahmed Hamdy, a 35-year-old office worker.


But the fact that the army was calling such talks "is an indication to all parties that the crisis is coming to a head and that they need to end it quickly", he said.


Earlier, finance minister Mumtaz al-Said disclosed that a $4.8 billion International Monetary Fund loan, a cornerstone of Egypt's economic recovery hopes, would be delayed until next month because of the crisis.


The delay was intended to allow time to explain a widely criticized package of economic austerity measures to the Egyptian people, Said told Reuters.


REBUILD CONSENSUS


Prime Minister Hisham Kandil said the measures would not hurt the poor. Bread, sugar and rice would not be touched, but prices of cigarettes and cooking oil would go up and fines would be imposed for public littering. In a bid to rebuild consensus, he said there would be a public consultation about the program next week.


In Washington, the IMF said Egypt had asked for the loan to be postponed "in light of the unfolding developments on the ground". The Fund stood ready to consult with Egypt on resuming discussions on the stand-by loan, a spokeswoman said.


On the streets of Cairo, thousands of opposition supporters gathered outside the presidential palace to demand that Mursi postpone Saturday's referendum.


A bigger crowd of flag-waving Islamist Mursi backers, who want the vote to go ahead as planned on Saturday, assembled at two mosques and remained on the streets as night fell over the Egyptian capital. There were also protests in Alexandria and other cities.


The extended upheaval following the fall of Hosni Mubarak last year is causing concern in the United States, which has given Cairo billions of dollars in military and other aid since Egypt made peace with Israel in 1979.


State Department spokeswoman Victoria Nuland emphasized "deep concerns" over the situation in Egypt and repeated calls on protesters to demonstrate peacefully and on security forces to act with restraint. She declined to be drawn on whether Washington believed the referendum should be postponed.


The latest unrest has so far claimed seven lives in clashes between the Islamist Muslim Brotherhood and the opposition. But the Republican Guard has yet to use force to keep protesters away from the presidential palace, now ringed with tanks, barbed wire and concrete barricades.


(Additional reporting by Tamim Elyan and Edmund Blair in Cairo, and Andrew Quinn in Washington; writing by Giles Elgood; editing by David Stamp)



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US stocks finish solidly higher






NEW YORK: US stocks finished solidly higher Tuesday, with gains in Apple, Google and Intel boosting the tech-rich Nasdaq.

Also helping were gains in Europe's markets on the back of a surge in German investor sentiment, to a seven-month high, and a successful Spanish debt auction that saw borrowing costs drop sharply.

The Dow Jones Industrial Average rose 78.56 points (0.60 percent) to 13,248.44, scoring a fifth straight day of gains.

The broad-market S&P 500 added 9.29 (0.65 percent) at 1,427.84, while the tech-rich Nasdaq Composite leaped 35.34 (1.18 percent) to 3,022.30.

"The markets were impressive overall," said Joe Bell of Schaeffer's Investment Research. "European markets traded higher ahead of our open, which helped provide a bit of a boost early on."

The rally also came as the Federal Reserve's Federal Open Market Committee opened its final policy meeting of the year, with expectations that it will decide to expand bond purchase operations to replace the expiring "Operation Twist" bond swap program.

"It is widely expected that the FOMC will announce a new plan to buy long-term securities after Operation Twist ends. The main difference is that the new purchases (versus those made with 'Twist') will be unsterilized. That is, the new plan will carry the moniker of 'QE4,'" said Patrick O'Hare of Briefing.com.

The FOMC will announce its interest rate decision at 1730 GMT Wednesday.

The technology sector outperformed, leading the Nasdaq higher.

Apple, the biggest company by market valuation, gained 2.2 percent, Google added 1.7 percent and Intel jumped 2.8 percent.

Travel website TripAdvisor bounced 6.6 percent after media tycoon John Malone's Liberty Interactive paid $300 million for a controlling stake, giving a lift to other online travel companies. Expedia was up almost four percent and Orbitz Worldwide rose 3.0 percent.

But ticketing giant Priceline fell 0.4 percent.

Delta Air Lines added 5.1 percent after announcing the purchase of a 49 percent stake in Richard Branson's Virgin Atlantic from Singapore Airlines for $360 million. Branson and his Virgin Atlantic will continue to hold a 51 percent controlling stake.

Insurer AIG climbed 5.7 percent to $35.26 after the US Treasury announced the successful sale of its final 234 million shares at an average of $32.50 a share.

Bond prices fell. The 10-year US Treasury yield rose to 1.65 percent from 1.62 percent late Monday, while the 30-year moved to 2.84 percent from 2.80 percent.

Bond prices and yields move inversely.

-AFP/ac



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